Greater NY Foundation

Tax-deductible

New York, NY501(c)(3)Since 2015Community DevelopmentEIN 47-4856357

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Greater NY connects our smartest leaders in strategic service to the people of new york city. Across its three programs, Greater NY recognizes that the promise and complexities of new york city cannot be addressed by any one sector alone.

501(c)(3) charity; gifts are tax-deductible.
63¢ of each $1 spent went to programs.
Run by 13 volunteers and 6 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 $125K a year · 23% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$114K
to officers and key staff · 16% of spending
Top officer’s pay lower than 73% of similar orgs
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
21 mo
of spending, in cash
Looks good: 20.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $205K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$26K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 14 voting members
Looks good: 13 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
+38% vs prior year
Spent
$731K
To programs
63%
Net assets
$1.3M
By yearFY2020–FY2024
Revenue
$1.0M
FY2024▲ +38%
Revenue by fiscal year
FY2020$400K
FY2021$349K
FY2022$582K
FY2023$602K
FY2024$747K
FY2024$1.0M
Expenses
$731K
FY2024▲ +23%
Expenses by fiscal year
FY2020$355K
FY2021$362K
FY2022$332K
FY2023$409K
FY2024$595K
FY2024$731K
Net assets
$1.3M
FY2024▲ +31%
Net assets by fiscal year
FY2020$385K
FY2021$372K
FY2022$622K
FY2023$815K
FY2024$984K
FY2024$1.3M

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 May 2016.

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

Where the money goes

63 cents of each dollar spent went to programs.

Program services 63% · $463K Management & general 25% · $184K Fundraising 12% · $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

14 people listed on the 990; $114K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$113,567Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Alice Naude’s $114K as Executive Director is at the 27th percentile of top reported officer pay among 2832 $1–10M 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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Alice Naude$113,567$108,467$98,175$98,175$96,548$96,666

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 Greater NY Foundation 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

Connects business leaders with nonprofit executives for strategic partnerships.

Provided by the organization

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3 programs · $463K · in their own filed words · FY2024
01

Analyst Corps

Greater ny's analyst corps connects nonprofits with teams of early career finance professionals to work together on highly focused projects that support organizational priorities.

$216Kprogram expense
02

Executive Partnership Program

Greater ny's executive partnership program matches senior nonprofit and corporate leaders to meet one-on-one an hour a month over two years for confidential conversation on management, strategy and leadership.

$140Kprogram expense
03

Conferences

Greater ny's events program convenes intimate, off-the-record conversations that draw on the expertise of our network. These events create space for thoughtful exchange among trusted peers and strengthen our collective commitment to new yorkers.

$107Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
See all 8 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.0M
Ln 12
Gifts and grantsLn 1h$1.0M
Investment incomeLn 3$125
Money outPt IX
$731K
Ln 25
Programscol B$463K
Managementcol C$184K
Fundraisingcol D$84K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$1.3M
LiabilitiesLn 26$26K
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.0M
Government grantsLn 1e$0
Noncash giftsLn 1g$25K
Fundraising eventsLn 1c$0
Investment incomeLn 3$125
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$1.3M
SavingsLn 2$1K
Cash and savings togetherLn 1–2$1.3M
InvestmentsLn 11–13$46K
Land, buildings, equipmentLn 10c$6K
Total assetsLn 16$1.3M
LiabilitiesLn 26$26K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 56
VolunteersI 613
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 FY24End FY24
Cash and savingsLn 1–2$915K$1.3M
InvestmentsLn 11–13$16K$46K
Land, buildings, equipmentLn 10c$5K$6K
Total assetsLn 16$994K$1.3M
LiabilitiesLn 26$10K$26K
Net assetsLn 32$984K$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$113K$87K$12K$14K
Other salaries and wagesLn 7$341K$263K$35K$43K
Pension plan contributionsLn 8$476$286$95$95
Other employee benefitsLn 9$28K$19K$3K$5K
Payroll taxesLn 10$37K$27K$9K
Accounting feesLn 11c$23K$23K
Other fees for servicesLn 11g$75K$29K$34K$12K
Advertising and promotionLn 12$56K$3K$47K$5K
Office expensesLn 13$12K$5K$7K$826
Information technologyLn 14$2K$982$771$327
OccupancyLn 16$35K$24K$8K$3K
TravelLn 17$3K$1K$209$873
Conferences, conventions and meetingsLn 19$2K$2K$26$26
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$3K$3K
Total functional expensesLn 25$731K$463K$184K$84K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $747K$595K$152K$984K 990 PDF
FY2023 $602K$409K$193K$815K 990 PDF
FY2022 $582K$332K$250K$622K 990 PDF
FY2021 $349K$362K−$13K$372K 990 PDF
FY2020 $400K$355K$45K$385K 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 (4 parts)
Part VIII · Statement of revenue $1,031,864 across 11 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$1,031,739
VIII-1g Noncash contributions (included above)$25,076
VIII-1h Total contributions, gifts and grants$1,031,739
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $125$125
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $125$1,031,864
Part IX · Statement of functional expenses $730,983 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $87,365 · Management $11,658 · Fundraising $14,370$113,393
IX-7 Other salaries and wagesPrograms $262,623 · Management $35,046 · Fundraising $43,195$340,864
IX-8 Pension plan contributionsPrograms $286 · Management $95 · Fundraising $95$476
IX-9 Other employee benefitsPrograms $19,469 · Management $3,396 · Fundraising $5,225$28,090
IX-10 Payroll taxesPrograms $27,351 · Management $9,203$36,554
IX-11c Accounting feesManagement $22,700$22,700
IX-11g Other fees for servicesPrograms $29,304 · Management $34,478 · Fundraising $11,688$75,470
IX-12 Advertising and promotionPrograms $3,495 · Management $47,487 · Fundraising $5,075$56,057
IX-13 Office expensesPrograms $4,878 · Management $6,574 · Fundraising $826$12,278
IX-14 Information technologyPrograms $982 · Management $771 · Fundraising $327$2,080
IX-16 OccupancyPrograms $24,248 · Management $8,082 · Fundraising $2,610$34,940
IX-17 TravelPrograms $1,454 · Management $209 · Fundraising $873$2,536
IX-19 Conferences, conventions and meetingsPrograms $1,590 · Management $26 · Fundraising $26$1,642
IX-22 Depreciation, depletion and amortizationManagement $1,331$1,331
IX-23 InsuranceManagement $2,572$2,572
IX-25 Total functional expensesPrograms $463,045 · Management $183,628 · Fundraising $84,310$730,983
Part X · Balance sheet $1,315,738 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $915,353$1,261,506
X-2 Savings and temporary cash investments$1,229
X-9 Prepaid expenses and deferred chargesStart of year $205$343
X-10c Land, buildings and equipment, netStart of year $4,857$6,410
X-11 Publicly traded securitiesStart of year $16,060$46,250
X-16 Total assetsStart of year $993,975$1,315,738
X-17 Accounts payable and accrued expensesStart of year $9,973$25,741
X-26 Total liabilitiesStart of year $9,973$25,741
X-27 Net assets without donor restrictionsStart of year $957,502$1,289,997
X-28 Net assets with donor restrictionsStart of year $26,500$0
X-32 Total net assets or fund balancesStart of year $984,002$1,289,997
X-33 Total liabilities and net assetsStart of year $993,975$1,315,738
Part XI · Reconciliation of net assets $1,289,997 net assets at year end
XI-1 Total revenue$1,031,864
XI-2 Total expenses$730,983
XI-3 Revenue less expenses$300,881
XI-4 Net assets at start of year$984,002
XI-5 Net unrealized gains (losses) on investments$5,114
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,289,997

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

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