Nyc Nowc INC EIN 46-5245034 Form 990 (PDF) Claim this org

Nyc Nowc INC

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Supports worker cooperatives in NYC with resources and development, especially in marginalized communities. For fiscal year 2025 it reported $743K in revenue, $752K in expenses, and $44K in net assets.Pt I

Type
Business league / trade association · Community Development
Location
Brooklyn, NY
Website
www.nycworker.coop
Filings
6 on file (2020–2025)
Revenue
$743KFY2025
Expenses
$752K
Net assets
$44K
People
15
Filings
6
Updates
0
More identity details & actions ⌄
EIN  46-5245034 Business league / trade association Brooklyn, NY
Form 990 (PDF)
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Size
$100K–1M
What they do
Supports worker cooperatives in NYC with resources and development, especially in marginalized communities.
Leadership
Saduf Syal · Coord Director · $84K
Money in and out
$743K revenue, $752K expenses
Bottom line
-1% operating surplus
Membership & operating revenue · FY2025
Total revenue
$743K
Pt VIII · Ln 12
Total expenses
$752K
Pt IX · Ln 25
Net assets
$44K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$9K
Where spending went · Part IX cols B–D
Program services $0.71 Management & general $0.24 Fundraising $0.05
Operating surplus
-1%
revenue over expenses▼ -157% vs prior filing year
Earned revenue
8%
of revenue from program services & dues▼ -50% vs prior filing year
Payroll share
64%
of spending is salaries & benefits-0.4% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$743K
FY2025▲ +7%
Expenses
$752K
FY2025▲ +10%
Total assets
$464K
FY2025▲ +11%
Total liabilities
$420K
FY2025▲ +15%
Total revenue
$743K
Pt VIII · Ln 12
Total expenses
$752K
Pt IX · Ln 25
Net assets
$44K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$9K
Total assetsPt X · Ln 16$464K
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNyc Nowc INC
EINHdr · item D46-5245034
Principal addressHdr · item CBrooklyn, NY
WebsiteHdr · item Jwww.nycworker.coop
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S41)
Ruling yearIRS BMFDec 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
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
Coord Director
$83,522Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Saduf Syal’s $84K as Coord Director is at the 60th percentile of top reported officer pay among 1711 $100K–1M community development 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Saduf Syal$83,522$78,886$75,637$71,500$77,924$67,500

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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Mission & Programs · Part III

Where the work happens

1 program service account for $536K of program spending, described in the organization's own filed words · FY2024.
01

The Organization is organized as an association of worker cooperative businesses. The purposes are a free exchange of information about worker cooperatives, to build a support system for worker cooperative development.

$536Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$682K · 92%
Program service revenue$61K · 8%
Contributions & grants92%$682K
Program service revenue8%$61K
Investment income$414
— government grantsLn 1e$381K
Total revenueLn 12$743K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.24 Fundraising $0.05
Program services71%$536K
Management & general24%$177K
Fundraising5%$39K
Total functional expensesLn 25$752K

Balance Sheet

Part X · end of year
CashLn 1$51K
Total assetsLn 16$464K
Total liabilitiesLn 26$420K
Total net assetsLn 32$44K
Months of cash on handcomputed0.8

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $51K · Operating expenses/yr $752K
0.8 months
Where the money goes
Program services
Program services $536K · Total expenses $752K
71%
Management & General
Management & general $177K · Total expenses $752K
24%
Fundraising
Fundraising $39K · Total expenses $752K
5%
Cost to raise $1
Fundraising expense (3-yr avg) $45K · Solicited contributions (3-yr avg) $351K
$0.13 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $682K · Total revenue $743K
92%
Government reliance
Government grants $381K · Total revenue $743K
51%
Earned-income share
Program service revenue $61K · Total revenue $743K
8%
Investment reliance
Investment income $414 · Total revenue $743K
+0.06%
Program self-sufficiency
Program service revenue $61K · Total expenses $752K
8%
Growth & trend
Revenue growth (YoY)
This year $743K · Prior year $695K
+7%
Revenue CAGR
FY2019 $567K · FY2024 $743K
+6%
Net-asset trend (YoY)
End of year $44K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $743K · Expenses $752K
-1%
Liabilities-to-Assets
Total liabilities — · Total assets $464K
Net-asset ratio
Net assets $44K · Total assets $464K
10%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $464K
0%
People & payroll
Highest Reported Total Compensation
Individual Saduf Syal · Reported title Coord Director · Highest reported compensation $84K · Total expenses $752K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $478K · Total expenses $752K
64%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 71%
Overhead ratio 24%
Fundraising cost ratio 6%
Revenue growth 7%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

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 · FY2025
Total grants receivedfrom 1 funder$10K

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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)$743K revenue · viewing · ⤓ 990 PDF
FY2024$695K revenue · ⤓ 990 PDF
FY2023$635K revenue · ⤓ 990 PDF
FY2022$681K revenue · ⤓ 990 PDF
FY2021$543K revenue · ⤓ 990 PDF
FY2020$567K 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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