City Lore INC FY2022 filing

Tax-deductible

New York, NY501(c)(3)Arts & CultureEIN 11-2740189Revenue $3.6M in FY2022

On file with the IRScitylore.org56 E 1st St, 10003-9345 · New York, NYTax-exempt since Apr 1987Publicly supported charity — 170(b)(1)(A)(vi)

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City lore's mission is to foster new york City - and america's - living cultural heritage through education and public programs. We document, present and advocate for new york city's grassroots cultures to ensure their living legacy in stories and histories, places and traditions. We work in four cultural domains: urban folklore and history; preservation; arts education; and grassroots poetry traditions. In each of these realms, we see ourselves as furthering cultural equity and modeling a better world with projects as dynamic and diverse as new york City itself.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$92K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average surplus $8K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$92K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
14
named funders · $1.9M
Looks good: 14 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.7M
42% of total assets
Looks good: liabilities are 42% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 19 voting members
Looks good: 18 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.6M
-21% vs prior year
Spent
$3.0M
To programs
85%
Net assets
$2.3M
By yearFY2019–FY2024
Revenue
$3.6M
FY2022▼ -21%
Tap a bar for its year
Revenue by fiscal year
FY2019$2.6M
FY2020$3.2M
FY2021$4.5M
FY2022$3.6M
FY2023$2.8M
FY2024$3.8M
Expenses
$3.0M
FY2022▼ -25%
Tap a bar for its year
Expenses by fiscal year
FY2019$2.8M
FY2020$3.4M
FY2021$4.0M
FY2022$3.0M
FY2023$3.3M
FY2024$3.8M
Net assets
$2.3M
FY2022▲ +26%
Tap a bar for its year
Net assets by fiscal year
FY2019$1.5M
FY2020$1.4M
FY2021$1.9M
FY2022$2.3M
FY2023$1.8M
FY2024$1.7M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1987.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $2.6M Management & general 12% · $365K Fundraising 3% · $84K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

19 people listed on the 990; $92K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$91,778Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Molly Garfinkel’s $102K as Co-Director is at the 35th percentile of top reported officer pay among 3924 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020FY2019
Molly Garfinkel$102,345—————
Steve Zeitlin$87,957$96,014$91,778$91,891$93,922$100,021

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Preserves and shares New York City's living cultural heritage through education and public programs.

Questions for City Lore INC

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Provided by the organization

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1 program · $2.6M · in their own filed words · FY2022
01

In 2022, city lore continued to further its mission to foster new york city and america's living cultural heritage through education and public programs. Our in-school programs were in full gear.

$2.6Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 14 funders →
Grants paid · 4 grants · $101K · 2019–2021
Unitemized GrantFY2021$64,900
Unitemized GrantFY2021$3,788
Unitemized GrantFY2020$17,974
Unitemized GrantFY2019$14,135

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$3.6M
Ln 12
Gifts and grantsLn 1h$3.1M
Fees for servicesLn 2g$446K
Investment incomeLn 3$24K
Money outPt IX
$3.0M
Ln 25
Programscol B$2.6M
Managementcol C$365K
Fundraisingcol D$84K
Owns and owesPt X
$2.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$4.0M
LiabilitiesLn 26$1.7M
PeoplePt VI, VII
19
listed · VII A
PaidVII A1
Voting boardVI 1a19
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.1M
Government grantsLn 1e$994K
Noncash giftsLn 1g$153K
Fees for servicesLn 2g$446K
Investment incomeLn 3$24K
Other incomeLn 4–11$2K
Gains on assetsLn 7$19K
Total revenueLn 12$3.6M
Assets in detailPt X, end of year
CashLn 1$482K
SavingsLn 2$877K
Cash and savings togetherLn 1–2$1.4M
InvestmentsLn 11–13$212K
Land, buildings, equipmentLn 10c$38K
Other assetsLn 15$1.6M
Total assetsLn 16$4.0M
LiabilitiesLn 26$1.7M
Net assetsLn 32$2.3M
OperationsPt I, VI
EmployeesI 534
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$761K$1.4M
InvestmentsLn 11–13$235K$212K
Land, buildings, equipmentLn 10c$46K$38K
Total assetsLn 16$2.0M$4.0M
LiabilitiesLn 26$115K$1.7M
Net assetsLn 32$1.9M$2.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$132K$113K$13K$7K
Other salaries and wagesLn 7$836K$668K$111K$58K
Pension plan contributionsLn 8$13K$10K$2K$1K
Other employee benefitsLn 9$72K$57K$10K$5K
Payroll taxesLn 10$153K$123K$20K$10K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$34K$34K
Other fees for servicesLn 11g$88K$78K$11K
Office expensesLn 13$96K$65K$29K$2K
OccupancyLn 16$148K$74K$74K
TravelLn 17$20K$17K$2K
Conferences, conventions and meetingsLn 19$4K$2K$2K$154
Depreciation, depletion and amortizationLn 22$17K$17K
InsuranceLn 23$18K$2K$16K
Other expenses (24a–d)Ln 24$1.4M$1.4M$20K$399
All other expensesLn 24e$200$200
Total functional expensesLn 25$3.0M$2.6M$365K$84K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $3.8M$3.8M−$40K$1.7M 990 PDF
FY2023 $2.8M$3.3M−$580K$1.8M 990 PDF
FY2022 Viewing $3.6M$3.0M$545K$2.3M 990 PDF
FY2021 $4.5M$4.0M$479K$1.9M 990 PDF
FY2020 $3.2M$3.4M−$159K$1.4M 990 PDF
FY2019 $2.6M$2.8M−$196K$1.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $3,586,670 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,178,871$3,115,292
I-9 Program service revenuePrior year $323,135$445,635
I-10 Investment incomePrior year $13,184$24,193
I-11 Other revenuePrior year $1,330$1,550
I-12 Total revenuePrior year $4,516,520$3,586,670
I-13 Grants and similar amounts paidPrior year $68,688$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,002,270$1,206,226
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,966,866$1,835,590
I-18 Total expensesPrior year $4,037,824$3,041,816
I-19 Revenue less expensesPrior year $478,696$544,854
Part VI · Governance 18 of 19 board members independent, no flags
VI-1a Voting members of the governing body19
VI-1b Independent voting members18
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,586,670 across 10 lines filed
Lines not itemized here account for $555 of total revenue; see the IRS return.
VIII-1b Membership dues$8,830
VIII-1e Government grants$993,507
VIII-1f All other contributions, gifts and grants$2,112,955
VIII-1g Noncash contributions (included above)$153,464
VIII-1h Total contributions, gifts and grants$3,115,292
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $445,635$445,635
VIII-3 Investment incomeExcluded from tax $5,353$5,353
VIII-5 RoyaltiesExcluded from tax $995$995
VIII-7 Net gain or loss on sales of assetsExcluded from tax $18,840$18,840
VIII-12 Total revenueRelated to mission $446,190 · Unrelated business $0 · Excluded from tax $25,188$3,586,670
Part IX · Statement of functional expenses $3,041,816 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $112,579 · Management $13,245 · Fundraising $6,622$132,446
IX-7 Other salaries and wagesPrograms $667,503 · Management $110,895 · Fundraising $57,758$836,156
IX-8 Pension plan contributionsPrograms $9,777 · Management $1,921 · Fundraising $1,016$12,714
IX-9 Other employee benefitsPrograms $56,740 · Management $10,179 · Fundraising $5,340$72,259
IX-10 Payroll taxesPrograms $122,662 · Management $19,740 · Fundraising $10,249$152,651
IX-11b Legal feesManagement $3,760$3,760
IX-11c Accounting feesManagement $34,160$34,160
IX-11g Other fees for servicesPrograms $77,544 · Management $10,627$88,171
IX-13 Office expensesPrograms $64,518 · Management $29,333 · Fundraising $2,257$96,108
IX-16 OccupancyPrograms $74,141 · Management $74,141$148,282
IX-17 TravelPrograms $17,185 · Management $2,485$19,670
IX-19 Conferences, conventions and meetingsPrograms $1,624 · Management $2,002 · Fundraising $154$3,780
IX-22 Depreciation, depletion and amortizationManagement $16,593$16,593
IX-23 InsurancePrograms $1,831 · Management $16,085$17,916
IX-24 Other expenses (24a–d)Programs $1,386,389 · Management $20,162 · Fundraising $399$1,406,950
IX-24e All other expensesPrograms $200$200
IX-25 Total functional expensesPrograms $2,592,693 · Management $365,328 · Fundraising $83,795$3,041,816
Part X · Balance sheet $4,002,789 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $200,226$481,906
X-2 Savings and temporary cash investmentsStart of year $561,089$876,549
X-3 Pledges and grants receivableStart of year $891,600$783,584
X-4 Accounts receivableStart of year $21,495$48,925
X-9 Prepaid expenses and deferred chargesStart of year $3,443$2,805
X-10c Land, buildings and equipment, netStart of year $46,375$38,380
X-11 Publicly traded securitiesStart of year $234,708$212,434
X-15 Other assetsStart of year $7,175$1,558,206
X-16 Total assetsStart of year $1,966,661$4,002,789
X-17 Accounts payable and accrued expensesStart of year $114,680$163,346
X-25 Other liabilitiesStart of year $0$1,507,166
X-26 Total liabilitiesStart of year $114,680$1,670,512
X-27 Net assets without donor restrictionsStart of year $685,477$699,716
X-28 Net assets with donor restrictionsStart of year $1,166,504$1,632,561
X-32 Total net assets or fund balancesStart of year $1,851,981$2,332,277
X-33 Total liabilities and net assetsStart of year $1,966,661$4,002,789
Part XI · Reconciliation of net assets $2,332,277 net assets at year end
XI-1 Total revenue$3,586,670
XI-2 Total expenses$3,041,816
XI-3 Revenue less expenses$544,854
XI-4 Net assets at start of year$1,851,981
XI-5 Net unrealized gains (losses) on investments−$44,558
XI-9 Other changes in net assets−$20,000
XI-10 Net assets at end of year$2,332,277

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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