The Carter Burden Network EIN 23-7129499

The Carter Burden Network

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Supports seniors with services, advocacy, arts, health, and volunteer programs for their well-being. For fiscal year 2025 it reported $10.0M in revenue, $11.2M in expenses, and $10.6M in net assets.Pt I

Founded
1971
Type
Public charity (501(c)(3)) · Nonprofit
Location
New York, NY
Website
carterburdennetwork.org
Filings
6 on file (2020–2025)
Revenue
$10.0MFY2025
Expenses
$11.2M
Net assets
$10.6M
People
33
Filings
6
Updates
0
More identity details & actions ⌄
EIN  23-7129499 Public charity (501(c)(3)) New York, NY Founded 1971
Form 990 (PDF)
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Figures match the IRS filing checked 8/12/26 · see original: IRS
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Size
$1–10M
What they do
Supports seniors with services, advocacy, arts, health, and volunteer programs for their well-being.
Leadership
William Dionne · Executive Director · $295K
Money in and out
$10.0M revenue, $11.2M expenses
Bottom line
82% program efficiency
Where the money goes · FY2025
Total revenue
$10.0M
Pt VIII · Ln 12
Total expenses
$11.2M
Pt IX · Ln 25
Net assets
$10.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$1.3M
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.12 Fundraising $0.06
Program efficiency
82%
of spending reaches programs▲ +8% vs prior filing year
Operating runway
10.1mo
months of highly liquid reserves at operating expense rate▼ -37% vs prior filing year
Surplus margin
-13%
revenue over expenses, this year▲ +23% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$10.0M
FY2025▲ +40%
Expenses
$11.2M
FY2025▲ +36%
Total assets
$15.3M
FY2025▼ -6%
Total liabilities
$4.7M
FY2025-0.4%
Total revenue
$10.0M
Pt VIII · Ln 12
Total expenses
$11.2M
Pt IX · Ln 25
Net assets
$10.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$1.3M
Total assetsPt X · Ln 16$15.3M
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 324
Independent voting membersPt I · Ln 424
Mission & Programs · Part III

Where the work happens

3 program services account for $9.2M of program spending, described in the organization's own filed words · FY2024.
01

Older Adult Centers (oacs)

CBN operates four older adult centers (oacs) in east harlem, the upper east side, and roosevelt island, serving as vital community resource centers. These centers serve a culturally diverse community by providing essential meals along with comprehensive programming designed to enhance the quality of life for older adults.

$4.7Mprogram expense
02

Social Services

CBN'S social service programs help our clients' efforts to age in place safely, comfortably, and with respect in their own homes. We provide comprehensive social services programming through its older adult centers (oacs), office locations, home visits, and phone support.

$3.8Mprogram expense
03

Arts & Culture

The arts are central to CBN'S mission, providing older adults with opportunities to express themselves creatively, hone their artistic skills, and share their unique and valuable perspectives with diverse AUDIENCES.1) making art work (maw): CBN'S maw creative arts education program offers a range of weekly classes for all skill levels in…

$650Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Carter Burden Network
EINHdr · item D23-7129499
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jcarterburdennetwork.org
Year of formationHdr · item L1971
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFSep 1971

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a24
Independent voting membersPt VI · Ln 1b24
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$294,544Pt VII · Sec A
Chief Financial Officer
$153,647Pt VII · Sec A
Assoc. Exec. Dir.
$143,709Pt VII · Sec A
Managing Director Social Services
$119,377Pt VII · Sec A
Controller
$109,122Pt VII · Sec A
Chief Development and Communications Officer
$102,336Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
William Dionne$297,096$295,929$297,162
William Dionne$294,544$294,898$296,257
Loy Mulyagonja$153,647$151,244$136,476
Marlena Vaccaro$143,709$137,684$131,929
Velda Murad$136,648$142,500$140,714
Velda Murad$126,058$133,104
Marlena Vaccaro$125,876$126,556$125,477
Loy Mulyagonja$124,774$121,652$117,856

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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Statement of Revenue

Part VIII
Contributions & grants$8.8M · 89%
Investment income$787K · 8%
Program service revenue$347K · 3%
Contributions & grants89%$8.8M
Investment income8%$787K
Program service revenue3%$347K
— government grantsLn 1e$7.7M
Total revenueLn 12$10.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.12 Fundraising $0.06
Program services82%$9.2M
Management & general12%$1.4M
Fundraising6%$694K
Total functional expensesLn 25$11.2M

Balance Sheet

Part X · end of year
CashLn 1$75K
Total assetsLn 16$15.3M
Total liabilitiesLn 26$4.7M
Total net assetsLn 32$10.6M
Months of cash on handcomputed0.1

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $9.4M · Operating expenses (Pt IX) $11.2M · Less non-cash grants $6K · Cash operating expenses/yr $11.2M
10.1 months
Where the money goes
Program services
Program services $9.2M · Total expenses $11.2M
82%
Management & General
Management & general $1.4M · Total expenses $11.2M
12%
Fundraising
Fundraising $694K · Total expenses $11.2M
6%
Cost to raise $1
Fundraising expense (3-yr avg) $681K · Solicited contributions (3-yr avg) $1.2M
$0.55 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $8.8M · Total revenue $10.0M
89%
Government reliance
Government grants $7.7M · Total revenue $10.0M
77%
Earned-income share
Program service revenue $347K · Total revenue $10.0M
3%
Investment reliance
Investment income $787K · Total revenue $10.0M
+8%
Program self-sufficiency
Program service revenue $347K · Total expenses $11.2M
3%
Growth & trend
Revenue growth (YoY)
This year $10.0M · Prior year $7.1M
+40%
Revenue CAGR
FY2019 $6.2M · FY2024 $10.0M
+10%
Net-asset trend (YoY)
End of year $10.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $10.0M · Expenses $11.2M
-13%
Liabilities-to-Assets
Total liabilities — · Total assets $15.3M
Net-asset ratio
Net assets $10.6M · Total assets $15.3M
69%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $9.4M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $15.3M
61%
People & payroll
Highest Reported Total Compensation
Individual William Dionne · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $295K · Total expenses $11.2M
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $7.5M · Total expenses $11.2M
67%
Fundraising vendors
Fundraiser cost ratio
Paid to fundraisers $41K · Gross raised $541K
8%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 82%
Overhead ratio 12%
Fundraising cost ratio 8%
Revenue growth 40%
Investment management fee ratio 0.5%
Legal fee ratio 0.03%
Accounting fee ratio 0.9%
Fundraising fee ratio 0.4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 20 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$10.0M revenue · viewing · ⤓ 990 PDF
FY2024$7.1M revenue · ⤓ 990 PDF
FY2023$7.6M revenue · ⤓ 990 PDF
FY2022$8.9M revenue · ⤓ 990 PDF
FY2021$6.6M revenue · ⤓ 990 PDF
FY2020$6.2M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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