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Abny Foundation INC FY2020 filing

Tax-deductible

New York, NY501(c)(3)Foundations & GrantmakersEIN 13-3601266Revenue $722K in FY2020

On file with the IRSabny.org825 Eighth Avenue 35th Floor, 10019-7416 · New York, NYTax-exempt since May 1991Publicly supported charity — 170(b)(1)(A)(vi)

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Provide funds to enhance the quality of life in new york city.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
3 of 5
filings with a surplus
Average surplus $60K a year · 11% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
20 mo
of spending, in cash
Looks good: 20.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $70K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$4K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$722K
Spent
$442K
To programs
84%
Net assets
$2.4M
By yearFY2020–FY2024
Revenue
$722K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$722K
FY2021$795K
FY2022$372K
FY2023$382K
FY2024$460K
Expenses
$442K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$442K
FY2021$623K
FY2022$506K
FY2023$466K
FY2024$394K
Net assets
$2.4M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$2.4M
FY2021$2.4M
FY2022$1.9M
FY2023$2.1M
FY2024$2.2M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 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 May 1991.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $371K Management & general 16% · $71K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Tonio Burgos
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Abny Foundation INC executive salaries →

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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 15aNo

Programs and updates

Grants improve quality of life in New York City.

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Provided by the organization

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1 program · $371K · in their own filed words · FY2020
01

Provide grants to nonprofit organizations and initiatives that make new york city a better place to live, work, and visit for all; fund research that informs on policy; support educational programming for civically interested young professionals and women working in new york city; and increase civic engagement and promote initiatives…

$371Kprogram 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
May and Samuel Rudin Family Foundation INCFY2024$40K
National Philanthropic TrustFY2024$25K
Walentas Foundation LtdFY2024$5K
Total grants receivedfrom 3 funders$70K
See all 3 funders →
Grants paid · 83 grants · $768K · 2021–2024
Thrive for Life Prison Project INCNY · FY2024$10,000
Design Trust for Public Space INCNY · FY2024$10,000
Welcome to Chinatown INCNY · FY2024$7,500
Urban Justice CenterNY · FY2024$7,500
The Urban Dove INCNY · FY2024$7,500
Uptown Grand Central CorpNY · FY2024$7,500
Governors Island CorporationNY · FY2024$7,500
Inspired Community Project INCNY · FY2024$7,500
The Acceleration Project INCNY · FY2024$7,500
Fund for Public Housing INCNY · FY2024$7,500
Manhattan Chamber of Commerce FoundationNY · FY2024$7,500
Green City ForceNY · FY2024$7,500
Fort Greene Park Conservancy INCNY · FY2024$7,500
Bangladeshi American Community Development & Youth Service CorpNY · FY2024$7,500
Andromeda Community Initiative INCNY · FY2024$7,500
New York City Tourism Foundation INCNY · FY2023$15,000
Jamaica Center for Arts and Learning INCNY · FY2023$15,000
The Urban Dove INCNY · FY2023$10,000
See all 83 grants →

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$722K
Ln 12
Gifts and grantsLn 1h$650K
Investment incomeLn 3$72K
Money outPt IX
$442K
Ln 25
Programscol B$371K
Managementcol C$71K
Owns and owesPt X
$2.4M
net assets · Ln 32
Cash and savingsLn 1–2$756K
Total assetsLn 16$2.4M
LiabilitiesLn 26$4K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$650K
Fundraising eventsLn 1c$510K
Investment incomeLn 3$72K
Gains on assetsLn 7$45K
Total revenueLn 12$722K
Assets in detailPt X, end of year
CashLn 1$756K
Cash and savings togetherLn 1–2$756K
InvestmentsLn 11–13$1.5M
Total assetsLn 16$2.4M
LiabilitiesLn 26$4K
Net assetsLn 32$2.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
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 FY20End FY20
Cash and savingsLn 1–2$671K$756K
InvestmentsLn 11–13$1.4M$1.5M
Total assetsLn 16$2.1M$2.4M
LiabilitiesLn 26$28K$4K
Net assetsLn 32$2.0M$2.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$12K$12K
Investment management feesLn 11f$10K$10K
Other fees for servicesLn 11g$10K$5K$5K
Office expensesLn 13$877$362$515
TravelLn 17$13K$13K
Other expenses (24a–d)Ln 24$393K$353K$40K
All other expensesLn 24e$3K$1K$2K
Total functional expensesLn 25$442K$371K$71K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $460K$394K$66K$2.2M 990 PDF
FY2023 $382K$466K−$83K$2.1M 990 PDF
FY2022 $372K$506K−$133K$1.9M 990 PDF
FY2021 $795K$623K$172K$2.4M 990 PDF
FY2020 Viewing $722K$442K$280K$2.4M 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 FY2020 990 (6 parts)
Part I · Summary $722,048 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $919,239$650,230
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $44,727$71,818
I-11 Other revenuePrior year $74$0
I-12 Total revenuePrior year $964,040$722,048
I-13 Grants and similar amounts paidPrior year $152,200$11,500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $498,681$430,959
I-18 Total expensesPrior year $650,881$442,459
I-19 Revenue less expensesPrior year $313,159$279,589
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $722,048 across 7 lines filed
VIII-1c Fundraising events$510,230
VIII-1f All other contributions, gifts and grants$140,000
VIII-1h Total contributions, gifts and grants$650,230
VIII-3 Investment incomeExcluded from tax $27,260$27,260
VIII-7 Net gain or loss on sales of assetsExcluded from tax $44,558$44,558
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $71,818$722,048
Part IX · Statement of functional expenses $442,459 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $11,500$11,500
IX-11f Investment management feesManagement $10,213$10,213
IX-11g Other fees for servicesPrograms $4,833 · Management $4,833$9,666
IX-13 Office expensesPrograms $362 · Management $515$877
IX-17 TravelManagement $13,487$13,487
IX-24 Other expenses (24a–d)Programs $352,899 · Management $40,381$393,280
IX-24e All other expensesPrograms $1,419 · Management $2,017$3,436
IX-25 Total functional expensesPrograms $371,013 · Management $71,446 · Fundraising $0$442,459
Part X · Balance sheet $2,404,251 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $671,374$756,130
X-4 Accounts receivable$109,400
X-12 Other securitiesStart of year $1,396,902$1,538,721
X-16 Total assetsStart of year $2,069,204$2,404,251
X-17 Accounts payable and accrued expensesStart of year $20,474$1,667
X-25 Other liabilitiesStart of year $7,685$2,664
X-26 Total liabilitiesStart of year $28,159$4,331
X-27 Net assets without donor restrictionsStart of year $2,041,045$2,399,920
X-32 Total net assets or fund balancesStart of year $2,041,045$2,399,920
X-33 Total liabilities and net assetsStart of year $2,069,204$2,404,251
Part XI · Reconciliation of net assets $2,399,920 net assets at year end
XI-1 Total revenue$722,048
XI-2 Total expenses$442,459
XI-3 Revenue less expenses$279,589
XI-4 Net assets at start of year$2,041,045
XI-5 Net unrealized gains (losses) on investments$79,286
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,399,920

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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