Rileys Way Foundation INC

Tax-deductible

Brooklyn, NY501(c)(3)Foundations & GrantmakersEIN 47-1618480Revenue $3.2M in FY2024

On file with the IRSwrileysway.org30 3rd Ave Ste 203, 11217-2384 · Brooklyn, NYTax-exempt since Dec 2014Publicly supported charity — 170(b)(1)(A)(vi)

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See part III line 1 and schedule o

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Run by 30 volunteers and 13 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
4 of 5
filings with a surplus
Average surplus $579K a year · 30% of revenue · last 5 filings
Fine: a surplus in 4 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
Pay to officers and key staff
$469K
to officers and key staff · 25% of spending
Top officer’s pay higher than 85% of similar orgs
Worth a look: pay to officers and key staff is 25% of spending; over 20%.
Pt VII · Sec A
Cash reserves
22 mo
of spending, in cash
Looks good: 22.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
17
named funders · $1.9M
Looks good: 17 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$22K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
27
of 27 voting members
Looks good: 27 of 27 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.2M
+142% vs prior year
Spent
$1.9M
To programs
84%
Net assets
$7.3M
By yearFY2020–FY2024
Revenue
$3.2M
FY2024▲ +142%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.0M
FY2021$1.7M
FY2022$1.3M
FY2023$1.3M
FY2024$3.2M
Expenses
$1.9M
FY2024▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020$749K
FY2021$1.0M
FY2022$1.3M
FY2023$1.7M
FY2024$1.9M
Net assets
$7.3M
FY2024▲ +36%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.5M
FY2021$5.2M
FY2022$4.9M
FY2023$5.4M
FY2024$7.3M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2014.

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% · $1.6M Management & general 9% · $169K Fundraising 7% · $135K

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

30 people listed on the 990; $469K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$213,830Pt VII · Sec A
Director of Operations
$128,709Pt VII · Sec A
Director of Partnership and Programs
$126,745Pt VII · Sec A
Director, Treasurer & Finance Committee Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Christine O'Connell’s $214K as Executive Director is at the 85th percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Christine O'Connell$213,830$206,202$195,318$178,639
Laura Dunn$128,709———
Lauren Shenkman$126,745———

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.

See Rileys Way 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides essential resources and support to underserved communities.

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Provided by the organization

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3 programs · $1.6M · in their own filed words · FY2024
01

The call for kindness (C4K) fellowship gives young leaders (ages 13-23) across the country the skills, connections, and funding they need to run social impact projects that inspire kindness and strengthen their local, national, or global communities.

$982Kprogram expense
02

Riley's way chapters are student-led initiatives at high schools, colleges, and universities where young people create positive change through a collaborative, community-based social impact project.

$337Kprogram expense
03

Riley's way youth leadership retreats bring together high school students from across the country who are motivated to make the world a better, kinder place. Participants spend the weekend building meaningful connections, developing leadership skills, and participating in fun camp activities.

$292Kprogram 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 17 funders →
Grants paid · 8 grants · $108K · 2020–2024
Teen TixWA · FY2024$12,660
Promise54DC · FY2021$24,000
Dream to Dance - American Street Dance Theater CompanyFY2020$19,200
Illumin8FY2020$5,500
Promise54DC · FY2020$5,078

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.2M
Ln 12
Gifts and grantsLn 1h$2.9M
Investment incomeLn 3$226K
Other incomeLn 4–11$27K
Money outPt IX
$1.9M
Ln 25
Programscol B$1.6M
Managementcol C$169K
Fundraisingcol D$135K
Owns and owesPt X
$7.3M
net assets · Ln 32
Cash and savingsLn 1–2$3.6M
Total assetsLn 16$7.3M
LiabilitiesLn 26$22K
PeoplePt VI, VII
30
listed · VII A
PaidVII A3
Voting boardVI 1a27
IndependentVI 1b27
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.9M
Noncash giftsLn 1g$41K
Fundraising eventsLn 1c$1.0M
Investment incomeLn 3$226K
Other incomeLn 4–11$27K
Gains on assetsLn 7$66K
Total revenueLn 12$3.2M
Assets in detailPt X, end of year
SavingsLn 2$3.6M
Cash and savings togetherLn 1–2$3.6M
InvestmentsLn 11–13$3.8M
Total assetsLn 16$7.3M
LiabilitiesLn 26$22K
Net assetsLn 32$7.3M
OperationsPt I, VI
EmployeesI 513
VolunteersI 630
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$2.5M$3.6M
InvestmentsLn 11–13$2.8M$3.8M
Total assetsLn 16$5.4M$7.3M
LiabilitiesLn 26$27K$22K
Net assetsLn 32$5.4M$7.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$134K$134K
Pay of current officers, directors and key staffLn 5$232K$199K$20K$12K
Other salaries and wagesLn 7$753K$655K$60K$38K
Other employee benefitsLn 9$97K$86K$6K$4K
Payroll taxesLn 10$83K$72K$7K$4K
Professional fundraising feesLn 11e$57K$57K
Investment management feesLn 11f$9K$8K$733$458
Other fees for servicesLn 11g$68K$50K$13K$6K
Advertising and promotionLn 12$30K$30K
Office expensesLn 13$57K$1K$56K
Information technologyLn 14$21K$21K
OccupancyLn 16$18K$14K$2K$2K
TravelLn 17$4K$4K
Conferences, conventions and meetingsLn 19$271K$271K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$32K$32K
All other expensesLn 24e$47K$33K$2K$12K
Total functional expensesLn 25$1.9M$1.6M$169K$135K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $3.2M$1.9M$1.3M$7.3M 990 PDF
FY2023 $1.3M$1.7M−$371K$5.4M 990 PDF
FY2022 $1.3M$1.3M$27K$4.9M 990 PDF
FY2021 $1.7M$1.0M$697K$5.2M 990 PDF
FY2020 $2.0M$749K$1.3M$4.5M 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 FY2024 990 (6 parts)
Part I · Summary $3,165,879 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,158,285$2,913,091
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $91,664$226,237
I-11 Other revenuePrior year $59,460$26,551
I-12 Total revenuePrior year $1,309,409$3,165,879
I-13 Grants and similar amounts paidPrior year $123,390$134,234
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,096,890$1,164,068
I-16a Professional fundraising feesPrior year $45,043$57,000
I-17 Other expensesPrior year $415,057$559,920
I-18 Total expensesPrior year $1,680,380$1,915,222
I-19 Revenue less expensesPrior year −$370,971$1,250,657
Part VI · Governance 27 of 27 board members independent, 2 to look at
VI-1a Voting members of the governing body27
VI-1b Independent voting members27
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,165,879 across 8 lines filed
VIII-1c Fundraising events$1,039,250
VIII-1f All other contributions, gifts and grants$1,873,841
VIII-1g Noncash contributions (included above)$41,464
VIII-1h Total contributions, gifts and grants$2,913,091
VIII-3 Investment incomeUnrelated business −$6,623 · Excluded from tax $167,166$160,543
VIII-7 Net gain or loss on sales of assetsExcluded from tax $65,694$65,694
VIII-8 Net income from fundraising eventsExcluded from tax $26,551$26,551
VIII-12 Total revenueRelated to mission $0 · Unrelated business −$6,623 · Excluded from tax $259,411$3,165,879
Part IX · Statement of functional expenses $1,915,222 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $134,234$134,234
IX-5 Pay of current officers, directors and key staffPrograms $199,359 · Management $20,187 · Fundraising $12,068$231,614
IX-7 Other salaries and wagesPrograms $654,685 · Management $60,201 · Fundraising $37,626$752,512
IX-9 Other employee benefitsPrograms $86,487 · Management $6,098 · Fundraising $4,360$96,945
IX-10 Payroll taxesPrograms $72,207 · Management $6,640 · Fundraising $4,150$82,997
IX-11e Professional fundraising feesFundraising $57,000$57,000
IX-11f Investment management feesPrograms $7,969 · Management $733 · Fundraising $458$9,160
IX-11g Other fees for servicesPrograms $50,192 · Management $12,548 · Fundraising $5,740$68,480
IX-12 Advertising and promotionPrograms $30,232$30,232
IX-13 Office expensesPrograms $1,196 · Management $55,500$56,696
IX-14 Information technologyPrograms $20,882$20,882
IX-16 OccupancyPrograms $14,080 · Management $1,760 · Fundraising $1,760$17,600
IX-17 TravelPrograms $3,612$3,612
IX-19 Conferences, conventions and meetingsPrograms $270,844$270,844
IX-23 InsuranceManagement $3,330$3,330
IX-24 Other expenses (24a–d)Programs $32,239$32,239
IX-24e All other expensesPrograms $32,901 · Management $2,427 · Fundraising $11,517$46,845
IX-25 Total functional expensesPrograms $1,611,119 · Management $169,424 · Fundraising $134,679$1,915,222
Part X · Balance sheet $7,333,808 assets, 9 lines filed
X-2 Savings and temporary cash investmentsStart of year $2,534,909$3,575,918
X-9 Prepaid expenses and deferred chargesStart of year $61,800$1,250
X-12 Other securitiesStart of year $2,824,736$3,756,640
X-16 Total assetsStart of year $5,421,445$7,333,808
X-17 Accounts payable and accrued expensesStart of year $26,562$22,298
X-26 Total liabilitiesStart of year $26,562$22,298
X-27 Net assets without donor restrictionsStart of year $5,394,883$7,311,510
X-32 Total net assets or fund balancesStart of year $5,394,883$7,311,510
X-33 Total liabilities and net assetsStart of year $5,421,445$7,333,808
Part XI · Reconciliation of net assets $7,311,510 net assets at year end
XI-1 Total revenue$3,165,879
XI-2 Total expenses$1,915,222
XI-3 Revenue less expenses$1,250,657
XI-4 Net assets at start of year$5,394,883
XI-5 Net unrealized gains (losses) on investments$665,970
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,311,510

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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