Civic Intelligence

Grace Institute

990 • Fiscal year 2019 • EIN 13-1641069

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 13, 2020

Organization Profilewww.graceinstitute.org
1270 Avenue of the AmericasNew York, NY 10020

(212) 262-0662

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

36th percentile

0.12x

Higher debt load relative to assets than 36% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

90th percentile

3.11x

Higher debt load relative to revenue than 90% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Net Margin

3rd percentile

-84%

Higher net margin than 3% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

29th percentile

$175,000

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 9.8% of source-year revenue.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Asset Growth

50th percentile

4.2%

Faster asset growth than 50% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

13th percentile

-21%

Faster revenue growth than 13% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets36th percentile

Assets

Up

$47,215,927

Up $1,914,892 (+4.2%) from 2018

Net Assets

Up

$41,653,835

Up $1,554,777 (+3.9%) from 2018

Liabilities

Up

$5,562,092

Up $360,115 (+6.9%) from 2018

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin3rd percentile

Revenue

Down

$1,787,355

Down $485,467 (-21%) from 2018

Expenses

Up

$3,287,959

Up $19,377 (+0.6%) from 2018

Net Income

Down

-$1,500,604

Down $504,844 (-51%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth50th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2011: $31,003,502Liabilities 2011: $1,159,986Net Assets 2011: $29,843,5162011Assets 2012: $29,498,952Liabilities 2012: $1,231,456Net Assets 2012: $28,267,4962012Assets 2013: $29,802,268Liabilities 2013: $944,706Net Assets 2013: $28,857,5622013Assets 2014: $43,827,649Liabilities 2014: $13,605,239Net Assets 2014: $30,222,4102014Assets 2015: $56,415,739Liabilities 2015: $4,354,389Net Assets 2015: $52,061,3502015Assets 2016: $52,180,143Liabilities 2016: $5,270,134Net Assets 2016: $46,910,0092016Assets 2017: $48,114,142Liabilities 2017: $4,878,923Net Assets 2017: $43,235,2192017Assets 2018: $45,301,035Liabilities 2018: $5,201,977Net Assets 2018: $40,099,0582018Assets 2019: $47,215,927Liabilities 2019: $5,562,092Net Assets 2019: $41,653,8352019Assets 2020: $52,052,870Liabilities 2020: $5,844,832Net Assets 2020: $46,208,0382020Assets 2021: $53,804,591Liabilities 2021: $4,862,920Net Assets 2021: $48,941,6712021Assets 2022: $47,444,330Liabilities 2022: $4,725,209Net Assets 2022: $42,719,1212022Assets 2023: $47,015,400Liabilities 2023: $4,322,782Net Assets 2023: $42,692,6182023Assets 2024: $45,698,476Liabilities 2024: $3,805,800Net Assets 2024: $41,892,6762024

Highlighted filing

2019

Assets$47,215,927
Liabilities$5,562,092
Net Assets$41,653,835
Open 2019 Filing

Operations Trend

Revenue Growth13th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MRevenue 2011: $2,471,465Expenses 2011: $2,813,358Net Income 2011: -$341,8932011Revenue 2012: $2,316,440Expenses 2012: $3,317,451Net Income 2012: -$1,001,0112012Expenses 2013: $3,289,2122013Revenue 2014: $2,948,123Expenses 2014: $3,948,935Net Income 2014: -$1,000,8122014Revenue 2015: $25,803,207Expenses 2015: $4,640,974Net Income 2015: $21,162,2332015Revenue 2016: $697,069Expenses 2016: $4,555,288Net Income 2016: -$3,858,2192016Revenue 2017: $1,389,644Expenses 2017: $4,952,672Net Income 2017: -$3,563,0282017Revenue 2018: $2,272,822Expenses 2018: $3,268,582Net Income 2018: -$995,7602018Revenue 2019: $1,787,355Expenses 2019: $3,287,959Net Income 2019: -$1,500,6042019Revenue 2020: $3,719,692Expenses 2020: $2,973,587Net Income 2020: $746,1052020Revenue 2021: $2,433,111Expenses 2021: $3,179,847Net Income 2021: -$746,7362021Revenue 2022: $566,435Expenses 2022: $3,274,911Net Income 2022: -$2,708,4762022Revenue 2023: $1,328,173Expenses 2023: $3,117,379Net Income 2023: -$1,789,2062023Revenue 2024: $1,611,800Expenses 2024: $3,237,366Net Income 2024: -$1,625,5662024

Highlighted filing

2019

Revenue$1,787,355
Expenses$3,287,959
Net Income-$1,500,604
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 13, 2020
Return Version
2019v5.0
Gross Receipts
$10,460,751
Mission and Program Overview

Mission

Grace Institutes mission is to empower underserved women in the New York area to achieve employment and economic self-sufficiency. Within a supportive and structured environment, Grace Institute provides job-skills training, counseling, placement services and continuous learning opportunities that lead to upwardly mobile employment. Grace Institute offers these services so that participants can realize their inherent strength, resilience and limitless potential.

Grace Institute provides financial support to job training programs in New York City that enable women to achieve sustained, gainful employment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$18,792,789$18,265,776▼ $527,013
Investments Other Securities$14,817,047$16,148,718▲ $1,331,671
Investments in Publicly Traded Securities$11,018,667$12,502,856▲ $1,484,189
Savings and Temporary Cash Investments$590,982$226,841▼ $364,141
Cash and Non-Interest-Bearing Accounts$33,855$12,849▼ $21,006
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$45,301,035$47,215,927▲ $1,914,892
Other Assets Total$47,695$58,887▲ $11,192
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,169,703$5,475,486▲ $305,783
Accounts Payable and Accrued Expenses$32,274$86,606▲ $54,332
Total Liabilities$5,201,977$5,562,092▲ $360,115
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$40,037,093$41,591,870▲ $1,554,777
Net Assets With Donor Restrictions$61,965$61,965→ $0
Total Net Assets Fund Balance$40,099,058$41,653,835▲ $1,554,777
Total Liabilities and Net Assets / Fund Balance$45,301,035$47,215,927▲ $1,914,892

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$18,223,160$2,075,053$20,298,213
Equipment$26,974$26,974$53,948
Other Land Buildings$15,642$11,078$26,720
Compensation and Service Providers
Top Officer Pay29th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Patrick GracePres.,CEO,Secr.PT$175,000$175,000

Board Members and Trustees

NameTitle
Pedro MataChairman
Margaret GraceDirector
Rev Patrick DevineDirector
Patricia MontgomerieAsst. Secr/Tres

Highest Paid Contractors

ContractorServicesLocationCompensation
Vincent L PomeranzBusiness Consulting200 East 90th Street APT 17E, New York, NY 10028$117,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$1,787,075
Other Revenue
$280
Change in Net Assets
$-1,500,604

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,335,061
Revenue Not Reported on Financial Statements
$452,294
Revenue Not Reported on Form 990
$3,055,381
Total Revenue per Audited Statements
$4,390,442
Total Revenue per Form 990
$1,787,355
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,670,000
Other Expenses$1,423,500
Salaries, Compensation, and Employee Benefits$194,459
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,670,000--$1,670,000
Depreciation Depletion$536,479--$536,479
Fees for Service Investment Mgmnt Fees-$452,294-$452,294
Interest-$211,532-$211,532
Current Officers, Directors, Trustees, and Key Employees$146,138$36,535-$182,673
Occupancy$88,245$22,061-$110,306
Fees for Services Other-$48,169-$48,169
Fees for Services Accounting-$31,200-$31,200
Fees for Services Legal-$19,275-$19,275
Office Expenses$11,396$2,849-$14,245
Payroll Taxes$9,092$2,273-$11,365
Other Employee Benefits$337$84-$421
Total Functional Expenses$2,461,687$826,272$0$3,287,959

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,287,959
Expenses per Audited Statements$2,835,665
Total Expenses per Audited Statements$2,835,665
Expenses Not Reported on Financial Statements$452,294
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Grace Institute of New YorkNew York, NY501(c)(3)Operational Support$1,570,000
Grace OutreachBronx, NY501(c)(3)Operational Support$100,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“Grace Institute was founded in the late 1800s by the Grace Family, who remain active with the organization today. Two members of the board are cousins and two of the members are married.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“Management reviewed a draft of the form 990 with the audit/finance committee and provided edits to the tax preparer. After this process was performed, the form 990 was sent to the full board of directors prior to being filed with the IRS.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“The organization has a board approved conflicts of interest policy. Each board member must fill out an annual declaration stating they had no conflicts or identifying the nature of their interested party transactions.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“Each year, the board reviews comparable salaries based on a recognized study and reviews the performance of the President & CEO to determine if the existing salary falls within these ranges. After a deliberation of this matter, a new proposed salary package is voted on. The minutes of the board of directors reflect the nature of this process.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Grace Institute
EIN
13-1641069
Phone
2122620662
Address
1270 Avenue of the Americas, New York, NY 10020

Signing Officer

Name
Patrick Grace
Title
President & CEO
Signed
2020-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patrick Grace
Formed
1897
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
4
Employees
1
Volunteers
4

Preparer

Firm
Schall & Ashenfarb Cpas
Address
307 5th Ave 15th Floor, NEW YORK, NY 10016-6517
Preparer
Michael Schall
Phone
2122682800
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The Foundation does not believe its financial statements include any material, uncertain tax positions. Tax filings for periods ending June 30, 2016 and later are subject to examination by applicable taxing authorities.”

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IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt03055381
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt040037093
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt041591870
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt022061
IRS990/OccupancyGrp/ProgramServicesAmt088245
IRS990/OccupancyGrp/TotalAmt0110306
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02849
IRS990/OfficeExpensesGrp/ProgramServicesAmt011396
IRS990/OfficeExpensesGrp/TotalAmt014245
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt047695
IRS990/OtherAssetsTotalGrp/EOYAmt058887
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt084
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0337
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0421
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Other Income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0280
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0280
IRS990/OtherRevenueTotalAmt0280
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02273
IRS990/PayrollTaxesGrp/ProgramServicesAmt09092
IRS990/PayrollTaxesGrp/TotalAmt011365
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Patrick Grace
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt01720000
IRS990/PYInvestmentIncomeAmt02264470
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01354789
IRS990/PYOtherRevenueAmt08352
IRS990/PYRevenuesLessExpensesAmt0-995760
IRS990/PYSalariesCompEmpBnftPaidAmt0193793
IRS990/PYTotalExpensesAmt03268582
IRS990/PYTotalRevenueAmt02272822
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-1500604
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0590982
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0226841
IRS990ScheduleA/ChurchInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt018223160
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02075053
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt020298213
IRS990ScheduleD/EquipmentGrp/BookValueAmt026974
IRS990ScheduleD/EquipmentGrp/DepreciationAmt026974
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt053948
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0452294
IRS990ScheduleD/ExpensesSubtotalAmt02835665
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt0452294
IRS990ScheduleD/InvestmentExpensesNotIncldAmt0452294
IRS990ScheduleD/NetUnrealizedGainsInvstAmt03055381
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt015642
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt011078
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt026720
IRS990ScheduleD/RevenueNotReportedAmt03055381
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0452294
IRS990ScheduleD/RevenueSubtotalAmt01335061
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Foundation does not believe its financial statements include any material, uncertain tax positions. Tax filings for periods ending June 30, 2016 and later are subject to examination by applicable taxing authorities.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt018265776
IRS990ScheduleD/TotalBookValueSecuritiesAmt016148718
IRS990ScheduleD/TotalExpensesPerForm990Amt03287959
IRS990ScheduleD/TotalRevenuePerForm990Amt01787355
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04390442
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02835665
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt01570000
IRS990ScheduleI/RecipientTable/CashGrantAmt1100000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(c)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Operational Support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Operational Support
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Grace Institute of New York
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Grace Outreach
IRS990ScheduleI/RecipientTable/RecipientEIN0810844164
IRS990ScheduleI/RecipientTable/RecipientEIN1861110482
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt040 Rector Street 14th floor
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1378 E 151st St 5
IRS990ScheduleI/RecipientTable/USAddress/CityNm0New York
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Bronx
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd010006
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd110455
IRS990ScheduleI/Total501c3OrgCnt02
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0175000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Patrick Grace
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Pres.,CEO,Secr.
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0175000
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Grace Institute was founded in the late 1800s by the Grace Family, who remain active with the organization today. Two members of the board are cousins and two of the members are married.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Management reviewed a draft of the form 990 with the audit/finance committee and provided edits to the tax preparer. After this process was performed, the form 990 was sent to the full board of directors prior to being filed with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization has a board approved conflicts of interest policy. Each board member must fill out an annual declaration stating they had no conflicts or identifying the nature of their interested party transactions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Each year, the board reviews comparable salaries based on a recognized study and reviews the performance of the President & CEO to determine if the existing salary falls within these ranges. After a deliberation of this matter, a new proposed salary package is voted on. The minutes of the board of directors reflect the nature of this process.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Documents are made available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt045301035
IRS990/TotalAssetsEOYAmt047215927
IRS990/TotalAssetsGrp/BOYAmt045301035
IRS990/TotalAssetsGrp/EOYAmt047215927
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0826272
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02461687
IRS990/TotalFunctionalExpensesGrp/TotalAmt03287959
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05201977
IRS990/TotalLiabilitiesEOYAmt05562092
IRS990/TotalLiabilitiesGrp/BOYAmt05201977
IRS990/TotalLiabilitiesGrp/EOYAmt05562092
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt040099058
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt041653835
IRS990/TotalProgramServiceExpensesAmt02461687
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt0175000
IRS990/TotalRevenueGrp/ExclusionAmt01787075
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0280
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01787355
IRS990/TotalVolunteersCnt04
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt047215927
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01270 Avenue of the Americas 1905
IRS990/USAddress/CityNm0New York
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$47,215,927
Liabilities
$5,562,092
Net assets
$41,653,835
Revenue
$1,787,355
Expenses
$3,287,959
Net income
-$1,500,604
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.7$3.81$41.9$1.61$3.24$1.63
2023Summary only. Only limited summary data is available for this year.$47.0$4.32$42.7$1.33$3.12$1.79
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.4$4.73$42.7$0.57$3.27$2.71
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$53.8$4.86$48.9$2.43$3.18$0.75
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$52.1$5.84$46.2$3.72$2.97$0.75
2019Detailed filing. Detailed filing data is available for this year.$47.2$5.56$41.7$1.79$3.29$1.50
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$45.3$5.20$40.1$2.27$3.27$1.00
2017Summary only. Only limited summary data is available for this year.$48.1$4.88$43.2$1.39$4.95$3.56
2016Summary only. Only limited summary data is available for this year.$52.2$5.27$46.9$0.70$4.56$3.86
2015Detailed filing. Detailed filing data is available for this year.$56.4$4.35$52.1$25.8$4.64$21.2
2014Detailed filing. Detailed filing data is available for this year.$43.8$13.6$30.2$2.95$3.95$1.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.8$0.94$28.9$3.29
2012Summary only. Only limited summary data is available for this year.$29.5$1.23$28.3$2.32$3.32$1.00
2011Summary only. Only limited summary data is available for this year.$31.0$1.16$29.8$2.47$2.81$0.34