Civic Intelligence

Hanyc Foundation Inc

EIN 83-3283722 • 501(c)3 • New York, NY

Profile

The HANYC Foundation, Inc. (the Foundation) was organized on January 22, 2019 by the directors of the Hotel Association of New York City, Inc. (the Association) and is a non profit organization exempt from Federal income tax under Section 501(c)(3) of the Internal Revenue Code. The mission of the Foundation is to leverage the talents and resources of all the Associations member hotels and partners in the greater New York City market to focus the philanthropic outreach efforts toward education and crisis relief within the community. To this end the Foundation provides scholarships for students pursuing an associates or bachelors degree in hotel management, human trafficking training for Association members and their staff and hotel stays to individuals and families during unanticipated hardship and crisis.

34 East 51st Street 8th FloorNew York, NY 10022

www.hanycfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

86th percentile

0.81x

Higher debt load relative to assets than 86% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

93rd percentile

4.78x

Higher debt load relative to revenue than 93% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

91st percentile

53%

Higher net margin than 91% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

100th percentile

734%

Faster asset growth than 100% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

81st percentile

29%

Faster revenue growth than 81% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$12,196,072

Up $10,733,676 (+734%) from 2023

Liabilities

Up

$9,869,713

Up $9,658,238 (+4567%) from 2023

Net Assets

Up

$2,326,359

Up $1,075,438 (+86%) from 2023

Operations
Liabilities / Revenue93rd percentileNet Margin91st percentile

Revenue

Up

$2,066,132

Up $466,508 (+29%) from 2023

Expenses

Up

$972,780

Up $305,491 (+46%) from 2023

Net Income

Up

$1,093,352

Up $161,017 (+17%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth100th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2019: $158,192Liabilities 2019: $1,133Net Assets 2019: $157,0592019Assets 2020: $111,428Liabilities 2020: $8,737Net Assets 2020: $102,6912020Assets 2021: $92,920Liabilities 2021: $32,700Net Assets 2021: $60,2202021Assets 2022: $358,613Liabilities 2022: $49,219Net Assets 2022: $309,3942022Assets 2023: $1,462,396Liabilities 2023: $211,475Net Assets 2023: $1,250,9212023Assets 2024: $12,196,072Liabilities 2024: $9,869,713Net Assets 2024: $2,326,3592024

Highlighted filing

2024

Assets$12,196,072
Liabilities$9,869,713
Net Assets$2,326,359
Open 2024 Filing

Operations Trend

Revenue Growth81st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2019: $211,680Expenses 2019: $54,621Net Income 2019: $157,0592019Revenue 2020: $11,120Expenses 2020: $65,488Net Income 2020: -$54,3682020Revenue 2021: $19,500Expenses 2021: $61,971Net Income 2021: -$42,4712021Revenue 2022: $385,292Expenses 2022: $136,118Net Income 2022: $249,1742022Revenue 2023: $1,599,624Expenses 2023: $667,289Net Income 2023: $932,3352023Revenue 2024: $2,066,132Expenses 2024: $972,780Net Income 2024: $1,093,3522024

Highlighted filing

2024

Revenue$2,066,132
Expenses$972,780
Net Income$1,093,352
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$12,196,072
Liabilities
$9,869,713
Net assets
$2,326,359
Revenue
$2,066,132
Expenses
$972,780
Net income
$1,093,352
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.2$9.87$2.33$2.07$0.97$1.09
2023Detailed filing. Detailed filing data is available for this year.$1.46$0.21$1.25$1.60$0.67$0.93
2022Detailed filing. Detailed filing data is available for this year.$0.36$0.05$0.31$0.39$0.14$0.25
2021Detailed filing. Detailed filing data is available for this year.$0.09$0.03$0.06$0.02$0.06$0.04
2020Detailed filing. Detailed filing data is available for this year.$0.11$0.01$0.10$0.01$0.07$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.16$0.00$0.16$0.21$0.05$0.16
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$51,074,004
Mission and Program Overview

Mission

The HANYC Foundation, Inc. (the Foundation) was organized on January 22, 2019 by the directors of the Hotel Association of New York City, Inc. (the Association) and is a nonprofitorganization exempt from Federal income tax under Section 501(c)(3) of the Internal RevenueCode. The mission of the Foundation is to leverage the talents and resources of all the Associations member hotels and partners in the greater New York City market to focus the philanthropic outreach efforts toward education and crisis relief within the community. To this end the Foundation provides scholarships for students pursuing an associates or bachelors degree in hotel management, human trafficking training for Association members and their staff and hotel stays to individuals and families during unanticipated hardship and crisis.

The Foundation focuses on three areas:1.Education, by providing scholarships to students who will pursue an associate's or bachelor's degree program in Hospitality2. Crisis relief, by providing short-term hotel stays to individuals experiencing unexpected hardships and3. Efforts to combat Human Trafficking, by providing training to the hotel industry. This will include partnering with individuals and other organizations in order to provide an overview of sex and labor trafficking and their impact on the hotel industry, to discuss common indicators of human trafficking and case examples, to give action steps on how to respond to and prevent human trafficking.The Foundation will organize fundraising events such as an annual Golf Outing and an annual Red Carpet Hospitality Gala, where all proceeds beyond expenses will go directly to the Foundation. We will also organize educational and similar seminars focused on our efforts related to Human Trafficking.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$212,621$10,203,891▲ $9,991,270
Cash and Non-Interest-Bearing Accounts$571,736$1,915,476▲ $1,343,740
Accounts Receivable$665,517$0▼ $665,517
Prepaid Expenses and Deferred Charges$12,522$72,610▲ $60,088
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,462,396$12,196,072▲ $10,733,676
Other Assets Total-$4,095-
Liabilities
Accounts Payable and Accrued Expenses$203,975$9,862,213▲ $9,658,238
Grants Payable$7,500$7,500→ $0
Total Liabilities$211,475$9,869,713▲ $9,658,238
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,210,702$2,311,990▲ $1,101,288
Net Assets With Donor Restrictions$40,219$14,369▼ $25,850
Total Net Assets Fund Balance$1,250,921$2,326,359▲ $1,075,438
Total Liabilities and Net Assets / Fund Balance$1,462,396$12,196,072▲ $10,733,676
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Heather DavisChairperson
Vijay DandapaniPresident
Bastian GermerDirector
CHRIS O'SULLIVANDirector
Gabi SoancaDirector
Herv HoudrDirector
Julie GreenbergDirector
Karambir KangDirector
Kathy MoralesDirector
Laurent EbzantDirector
Natalie BoganDirector
Pradeep RamanDirector
Robert SalemDirector
Stephen AlfieriDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Elicit ConsultingConsutling Services319 AVENUE C APT 3H, New York, NY 10009$126,504
Revenue and Support

Revenue Composition

Contributions and Grants
$69,500
Program Service Revenue
$1,875,000
Investment Income
$72,068
Other Revenue
$49,564
All Other Contributions
$69,500
Change in Net Assets
$1,093,352

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,066,132
Revenue Not Reported on Form 990
$349,101
Total Revenue per Audited Statements
$2,415,233
Total Revenue per Form 990
$2,066,132
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$562,443
Salaries, Compensation, and Employee Benefits$361,665
Grants and Similar Amounts Paid$48,672
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$337,662--$337,662
Other Salaries and Wages$332,991--$332,991
Fees for Services Legal$145,798--$145,798
Payroll Taxes$28,674--$28,674
Fees for Services Accounting-$28,600-$28,600
Grants to Domestic Individuals$25,850--$25,850
Grants to Domestic Orgs$22,822--$22,822
Insurance$12,928--$12,928
Conferences and Meetings$9,562--$9,562
Office Expenses$8,503--$8,503
Advertising$7,303--$7,303
Other Expenses$1,375--$1,375
Total Functional Expenses$944,180$28,600$0$972,780

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,339,795
Expenses per Audited Statements$972,780
Total Expenses per Form 990$972,780
Expenses Not Reported on Form 990$367,015
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Cm Linda Lee Fire Victimsnew york, NY--$7,700
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$416,579
Fundraising Direct Expenses$367,015
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Red Carpet Gala$344,000$344,000$298,504$45,496
Golf Outing$66,279$66,279$50,747$15,532
Total Events$416,579$416,579$367,015$49,564
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
No
CEO compensation reviewed
No
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, Section B, Line 11B

“After the controller reviews the form 990, it is made available to the executive committee, and the president will then approve the tax return.”

Form 990, Part VI, Section B, Line 12C

“Officers, directors, and employees are required to disclose to the board any transaction that could potentially create a conflict of interest. The board will determine whether an actual conflict of interest exists and take action that the board deems appropriate. The interested person must recuse themselves from voting on the matter. Discussions concerning conflicts of interest are documented in the board minutes.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, form 990 and financial statements available to the public upon request. Form 990 is also available on guidestar.org.”

Filing and Contact Details

Filer

Filer Name
Hanyc Foundation Inc
EIN
83-3283722
Phone
2127546700
Address
34 EAST 51ST STREET 8TH FLOOR, NEW YORK, NY 10022

Signing Officer

Name
Vijay Dandapani
Title
President
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vijay Dandapani
Formed
2019
Legal Domicile
Ny
Voting Board Members
14
Independent Board Members
13
Employees
5

Preparer

Firm
Davis Ward & Hochman LLP
Address
150 E 58th St 20TH Flr, New York, NY 10155
Preparer
David H Ward
Phone
2122302600
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The organization has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of indepnt accountant.”

Financial Statement Notes

Part X : FIN48 Footnote

“U.s. Gaap requires evaluation of tax positions taken by the association and recognition of a liability in the financial statements if the association has taken uncertain tax positions that more likely than-not would not be sustained upon examination by the taxing authorities. As of december 31, 2024, the association has determined that it has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements.”

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

“Fundraisers direct expenses $367015 investment fees $-12809”

Part XII, Line 2D: Other expenses and losses per audited F/S

“Fundraisers direct expenses $367015”

Raw XML AppendixShowing 400 of 591 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0203975
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt09862213
IRS990/AccountsReceivableGrp/BOYAmt0665517
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0The Foundation focuses on three areas:1.Education, by providing scholarships to students who will pursue an associate's or bachelor's degree program in Hospitality2. Crisis relief, by providing short-term hotel stays to individuals experiencing unexpected hardships and3. Efforts to combat Human Trafficking, by providing training to the hotel industry. This will include partnering with individuals and other organizations in order to provide an overview of sex and labor trafficking and their impact on the hotel industry, to discuss common indicators of human trafficking and case examples, to give action steps on how to respond to and prevent human trafficking.The Foundation will organize fundraising events such as an annual Golf Outing and an annual Red Carpet Hospitality Gala, where all proceeds beyond expenses will go directly to the Foundation. We will also organize educational and similar seminars focused on our efforts related to Human Trafficking.
IRS990/AdvertisingGrp/ProgramServicesAmt07303
IRS990/AdvertisingGrp/TotalAmt07303
IRS990/AllOtherContributionsAmt069500
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0ALBERT FERNANDEZ
IRS990/BooksInCareOfDetail/PhoneNum02127546700
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt034 EAST 51ST STREET 8TH FLOOR
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010022
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0571736
IRS990/CashNonInterestBearingGrp/EOYAmt01915476
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt09562
IRS990/ConferencesMeetingsGrp/TotalAmt09562
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt0126504
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0319 AVENUE C APT 3H
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0NEW YORK
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0NY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd010009
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0ELICIT CONSULTING
IRS990/ContractorCompensationGrp/ServicesDesc0CONSUTLING SERVICES
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt069500
IRS990/CYGrantsAndSimilarPaidAmt048672
IRS990/CYInvestmentIncomeAmt072068
IRS990/CYOtherExpensesAmt0562443
IRS990/CYOtherRevenueAmt049564
IRS990/CYProgramServiceRevenueAmt01875000
IRS990/CYRevenuesLessExpensesAmt01093352
IRS990/CYSalariesCompEmpBnftPaidAmt0361665
IRS990/CYTotalExpensesAmt0972780
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02066132
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0ASYLUM SEEKER HOTEL SUPPORT: On December 21, 2022, the Foundation entered into an agreement (the Agreement) with the City of New York through its Department of Homeless Services (DHS) to act as a third-party administrator to assist DHS with booking, managing, tracking, Reporting, and invoicing for hotels service for the emergency procurement of shelter services needed to accommodate the influx of persons who are seeking asylum (Asylum Seekers) in the New York City area.In accordance with the Agreement, the Foundation earns administrative fees of $20,000 per month for up to 20 participating hotels plus $1,000 per month for each participating hotel it administers in excess of 20. For the years ended December 31, 2024 and 2023, the Foundation earned $1,413,000 and $1,057,000, respectively.On July 9, 2023, the Foundation entered into an agreement (the Voucher Agreement) with the City of New York through its Department of Housing and Preservation (DHP) to act as a third-party administrator to assist DHP with development, information technology support, and administration support of an online platform to reserve individual hotel rooms; booking hotel rooms, managing, tracking, reporting, and invoicing for hotels service for the temporary housing for the Asylum Seekers.In accordance with the Voucher Agreement, the Foundation earns administrative fees of $45,000 per month for up to 30,000 hotel rooms. For the year ended December 31, 2024 the Foundation earned $462,000.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt040219
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt014369
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt05
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0895508
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt028600
IRS990/FeesForServicesAccountingGrp/TotalAmt028600
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt0145798
IRS990/FeesForServicesLegalGrp/TotalAmt0145798
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt0337662
IRS990/FeesForServicesManagementGrp/TotalAmt0337662
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt100.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt120.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt130.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt020700
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/PersonNm0Vijay Dandapani
IRS990/Form990PartVIISectionAGrp/PersonNm1BASTIAN GERMER
IRS990/Form990PartVIISectionAGrp/PersonNm2CHRIS O'SULLIVAN
IRS990/Form990PartVIISectionAGrp/PersonNm3GABI SOANCA
IRS990/Form990PartVIISectionAGrp/PersonNm4HEATHER DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm5Herv Houdr
IRS990/Form990PartVIISectionAGrp/PersonNm6JULIE GREENBERG
IRS990/Form990PartVIISectionAGrp/PersonNm7KARAMBIR KANG
IRS990/Form990PartVIISectionAGrp/PersonNm8KATHY MORALES
IRS990/Form990PartVIISectionAGrp/PersonNm9LAURENT EBZANT
IRS990/Form990PartVIISectionAGrp/PersonNm10NATALIE BOGAN
IRS990/Form990PartVIISectionAGrp/PersonNm11PRADEEP RAMAN
IRS990/Form990PartVIISectionAGrp/PersonNm12ROBERT SALEM
IRS990/Form990PartVIISectionAGrp/PersonNm13STEPHEN ALFIERI
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0682804
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02019
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingDirectExpensesAmt0367015
IRS990/FundraisingGrossIncomeAmt0416579
IRS990/GainOrLossGrp/SecuritiesAmt0-108193
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantsPayableGrp/BOYAmt07500
IRS990/GrantsPayableGrp/EOYAmt07500
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt025850
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt025850
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt022822
IRS990/GrantsToDomesticOrgsGrp/TotalAmt022822
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt048532664
IRS990/GrossReceiptsAmt051074004
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ProgramServicesAmt012928
IRS990/InsuranceGrp/TotalAmt012928
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentExpenseAmt0-12809
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0180261
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0180261
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0212621
IRS990/InvestmentsPubTradedSecGrp/EOYAmt010203891
IRS990/IRPDocumentCnt08
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0NY
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt048640857
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The HANYC Foundation, Inc. (the Foundation) was organized on January 22, 2019 by the directors of the Hotel Association of New York City, Inc. (the Association) and is a non profit organization exempt from Federal income tax under Section 501(c)(3) of the Internal Revenue Code. The mission of the Foundation is to leverage the talents and resources of all the Associations member hotels and partners in the greater New York City market to focus the philanthropic outreach efforts toward education and crisis relief within the community. To this end the Foundation provides scholarships for students pursuing an associates or bachelors degree in hotel management, human trafficking training for Association members and their staff and hotel stays to individuals and families during unanticipated hardship and crisis.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01250921
IRS990/NetAssetsOrFundBalancesEOYAmt02326359
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-108193
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-108193
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt049564
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt049564
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-5105
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01210702
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02311990
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt08503
IRS990/OfficeExpensesGrp/TotalAmt08503
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt04095
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0MERCHANT FEES
IRS990/OtherExpensesGrp/Desc1PAYROLL PROCESSING FEES
IRS990/OtherExpensesGrp/ProgramServicesAmt010712
IRS990/OtherExpensesGrp/ProgramServicesAmt11375
IRS990/OtherExpensesGrp/TotalAmt010712
IRS990/OtherExpensesGrp/TotalAmt11375
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0332991
IRS990/OtherSalariesAndWagesGrp/TotalAmt0332991
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt028674
IRS990/PayrollTaxesGrp/TotalAmt028674
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012522
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt072610
IRS990/PrincipalOfficerNm0Vijay Dandapani
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0561000
IRS990/ProgramServiceRevenueGrp/BusinessCd1561000
IRS990/ProgramServiceRevenueGrp/Desc0HOTEL VOUCHER MANAGEMENT
IRS990/ProgramServiceRevenueGrp/Desc1SANCTUARY MANAGEMENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0462000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11413000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0462000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11413000
IRS990/ProgSrvcAccomActy2Grp/Desc0Scholarships granted - The Foundation provides scholarships for students pursuing an associates or bachelorsdegree in hotel management, human trafficking training for Association members and their staff and hotel stays to individuals and families during unanticipated hardship and crisis.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt025850
IRS990/ProgSrvcAccomActy2Grp/GrantAmt025850
IRS990/ProgSrvcAccomActy3Grp/Desc0COMMUNITY ASSISTANCE - CONTRBUTIONS TO CHARITABLE ORGANIZATIONS WHOSE MISSIONS ALIGN WITH THAT OF HANYC FOUNDATION, INC.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt022822
IRS990/ProgSrvcAccomActy3Grp/GrantAmt022822
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt093364
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt050917
IRS990/PYInvestmentIncomeAmt03530
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0468077
IRS990/PYOtherRevenueAmt0175730
IRS990/PYProgramServiceRevenueAmt01327000
IRS990/PYRevenuesLessExpensesAmt0932335
IRS990/PYSalariesCompEmpBnftPaidAmt0148295
IRS990/PYTotalExpensesAmt0667289
IRS990/PYTotalRevenueAmt01599624
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01093352
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01875000
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt069500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt088364
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt057500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt019500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt011120
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0245984
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt01875000
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt01327000
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt03202000
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt03447984
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01944500
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01415364
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt057500
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt019500
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt011120
IRS990ScheduleA/Total509Grp/TotalAmt03447984
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01944500
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01415364
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt057500
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt019500
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt011120
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03447984
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesNotReportedAmt0367015
IRS990ScheduleD/ExpensesSubtotalAmt0972780

Document Assets

No mirrored PDF or thumbnail assets are attached yet.