Civic Intelligence

Nycxd Inc

EIN 85-3379562 • 501(c)3 • New York, NY

Profile

Design is core to new york city's identity and creative dna. At nycxdesign, our mission is to support, empower, and grow the city's incredible design sector. Our internationally renowned annual design festival, established in 2013, showcases the immense talent and diversity of the city's designers, makers, and manufacturers, along with cutting-edge design businesses and districts, and world-class cultural and academic design institutions. The festival attracts 300,000+ national and international visitors to the city, generating significant economic activity across the boroughs with hundreds of events about design and innovation, creativity, culture, inclusivity, sustainability, and resiliency. As a non-profit organization, nycxdesign also runs an impactful year-round program increasing diversity, equitable opportunity, and inclusion within the city's design professions. We educate the city's young adults about design and inspire them to become the city's designers of tomorrow.

630 Third Avenue 21 FLNew York, NY 10017

www.nycxdesign.com

Siviq Scores

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

Liabilities / Assets

91st percentile

0.78x

Higher debt load relative to assets than 91% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

70th percentile

0.11x

Higher debt load relative to revenue than 70% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

72nd percentile

19%

Higher net margin than 72% of similar nonprofits.

501(c)3 • $500k-$1M 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

6th percentile

-40%

Faster asset growth than 6% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2024

Revenue Growth

28th percentile

-6.2%

Faster revenue growth than 28% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2024

Assets

Up

$53,970

Up $36,580 (+210%) from 2023

Liabilities

Down

$41,918

Down $37,255 (-47%) from 2023

Net Assets

Up

$12,052

Up $73,835 (+120%) from 2023

Revenue

Down

$392,926

Down $266,627 (-40%) from 2023

Expenses

Down

$319,091

Down $443,534 (-58%) from 2023

Net Income

Up

$73,835

Up $176,907 (+172%) from 2023

Trend Graphs

Balance Sheet Trend

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

$300K$200K$100K$0-$100KAssets 2020: $200,000Liabilities 2020: $0Net Assets 2020: $200,0002020Assets 2021: $256,035Liabilities 2021: $229,509Net Assets 2021: $26,5262021Assets 2022: $118,795Liabilities 2022: $77,506Net Assets 2022: $41,2892022Assets 2023: $17,390Liabilities 2023: $79,173Net Assets 2023: -$61,7832023Assets 2024: $53,970Liabilities 2024: $41,918Net Assets 2024: $12,0522024

Highlighted filing

2024

Assets$53,970
Liabilities$41,918
Net Assets$12,052

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2020: $200,000Expenses 2020: $0Net Income 2020: $200,0002020Revenue 2021: $476,039Expenses 2021: $628,787Net Income 2021: -$152,7482021Revenue 2022: $735,778Expenses 2022: $721,015Net Income 2022: $14,7632022Revenue 2023: $659,553Expenses 2023: $762,625Net Income 2023: -$103,0722023Revenue 2024: $392,926Expenses 2024: $319,091Net Income 2024: $73,8352024

Highlighted filing

2024

Revenue$392,926
Expenses$319,091
Net Income$73,835

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 18, 2025
Return Version
2024v5.1
Gross Receipts
$566,219
Mission and Program Overview

Mission

Design is core to new york city's identity and creative dna. At nycxdesign, our mission is to support, empower, and grow the city's incredible design sector. Our internationally renowned annual design festival, established in 2013, showcases the immense talent and diversity of the city's designers, makers, and manufacturers, along with cutting-edge design businesses and districts, and world-class cultural and academic design institutions. The festival attracts 300,000+ national and international visitors to the city, generating significant economic activity across the boroughs with hundreds of events about design and innovation, creativity, culture, inclusivity, sustainability, and resiliency. As a non-profit organization, nycxdesign also runs an impactful year-round program increasing diversity, equitable opportunity, and inclusion within the city's design professions. We educate the city's young adults about design and inspire them to become the city's designers of tomorrow.

Unite, advance, and strengthen nyc's diverse and global design community for the sake of marketing and fast description.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable-$46,035-
Cash and Non-Interest-Bearing Accounts$17,390$7,935▼ $9,455
Total Assets$17,390$53,970▲ $36,580
Liabilities
Accounts Payable and Accrued Expenses$79,173$41,162▼ $38,011
Other Liabilities$0$756▲ $756
Total Liabilities$79,173$41,918▼ $37,255
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-61,783$12,052▲ $73,835
Total Net Assets Fund Balance$-61,783$12,052▲ $73,835
Total Liabilities and Net Assets / Fund Balance$17,390$53,970▲ $36,580
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Ilene ShawExecutive DirectorFT$110,600$110,600

Board Members and Trustees

NameTitle
Erica HolbornChairman
Amaechi UzoigweBoard Director
Kimberly WeinrickBoard Director
Sonia ParkBoard Director
Elan ColeBoard Secretary
Benjamin ProskyBoard Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$283,070
Program Service Revenue
$109,856
Investment Income
$0
Other Revenue
$0
All Other Contributions
$170,363
Change in Net Assets
$73,835
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$198,538
Salaries, Compensation, and Employee Benefits$120,553
Total Fundraising Expense$24,111
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$132,109--$132,109
Current Officers, Directors, Trustees, and Key Employees$77,420$11,060$22,120$110,600
Fees for Services Accounting-$21,500-$21,500
Other Employee Benefits$6,967$995$1,991$9,953
Insurance$3,560$6,199-$9,759
Fees for Services Other-$5,185-$5,185
Travel$4,798--$4,798
Fees for Services Legal-$50-$50
Other Expenses$18,737$16-$16
Total Functional Expenses$243,591$51,389$24,111$319,091
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$173,293
Fundraising Gross Income$173,293
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Festival$286,000$173,293$104,122$69,171
Total Events$286,000$173,293$173,293$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$756
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
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

Both the board and management will review prior to the form being filed. It is reviewed for accuracy, completeness, and conformity with underlying books and records.

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

Board members must answer a signed document that is circulated every year detailing any potential conflicts of interest. If a conflict of interest is discussed in a board meeting, the member leaves the room until the discussion is complete.

Form 990, Part VI, Section B, Line 15

The executive director's compensation is determined by reviewing comparables from other nonprofit organizations with similar demographics. A contract is signed with the executive director outlining the employment agreement including compensation. The contract is signed by the board chairperson. For other staff members, the salary is determined by the executive director based upon salaries derived from salary studies performed by an industry staffing company. While the board doesn't specifically approve the individual salaries, the board approves the annual budget and significant budget modifications.

Form 990, Part VI, Section C, Line 18

Form 990 will be made available on our website, as well as publicly accessible on guidestar.org and the nys charities bureau website.

Form 990, Part VI, Section C, Line 19

The information is available on the new york state charities bureau website.

Filing and Contact Details

Filer

Filer Name
Nycxd Inc
EIN
85-3379562
Phone
9175627693
Address
630 THIRD AVENUE 21 FL, NEW YORK, NY 10017

Signing Officer

Name
Ilene Shaw
Title
Executive Director
Phone
9175627693
Signed
2025-06-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ilene Shaw
Formed
2020
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
1
Volunteers
0

Preparer

Firm
Cerini & Associates Llp
Address
3340 VETERANS MEMORIAL HWY, BOHEMIA, NY 11716
Preparer
Ken Cerini
Phone
6315821600
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IRS990ScheduleA/InvestmentIncomeCYPct00.00150
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0200000
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOTH THE BOARD AND MANAGEMENT WILL REVIEW PRIOR TO THE FORM BEING FILED. IT IS REVIEWED FOR ACCURACY, COMPLETENESS, AND CONFORMITY WITH UNDERLYING BOOKS AND RECORDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS MUST ANSWER A SIGNED DOCUMENT THAT IS CIRCULATED EVERY YEAR DETAILING ANY POTENTIAL CONFLICTS OF INTEREST. IF A CONFLICT OF INTEREST IS DISCUSSED IN A BOARD MEETING, THE MEMBER LEAVES THE ROOM UNTIL THE DISCUSSION IS COMPLETE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED BY REVIEWING COMPARABLES FROM OTHER NONPROFIT ORGANIZATIONS WITH SIMILAR DEMOGRAPHICS. A CONTRACT IS SIGNED WITH THE EXECUTIVE DIRECTOR OUTLINING THE EMPLOYMENT AGREEMENT INCLUDING COMPENSATION. THE CONTRACT IS SIGNED BY THE BOARD CHAIRPERSON. FOR OTHER STAFF MEMBERS, THE SALARY IS DETERMINED BY THE EXECUTIVE DIRECTOR BASED UPON SALARIES DERIVED FROM SALARY STUDIES PERFORMED BY AN INDUSTRY STAFFING COMPANY. WHILE THE BOARD DOESN'T SPECIFICALLY APPROVE THE INDIVIDUAL SALARIES, THE BOARD APPROVES THE ANNUAL BUDGET AND SIGNIFICANT BUDGET MODIFICATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 WILL BE MADE AVAILABLE ON OUR WEBSITE, AS WELL AS PUBLICLY ACCESSIBLE ON GUIDESTAR.ORG AND THE NYS CHARITIES BUREAU WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE INFORMATION IS AVAILABLE ON THE NEW YORK STATE CHARITIES BUREAU WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
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IRS990/WebsiteAddressTxt0WWW.NYCXDESIGN.COM
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ILENE SHAW
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09175627693
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-06-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NYCXD INC
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0113066459
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CERINI & ASSOCIATES LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03340 VETERANS MEMORIAL HWY
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
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ReturnHeader/PreparerPersonGrp/PhoneNum06315821600
ReturnHeader/PreparerPersonGrp/PreparationDt02025-06-18

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