Nycxd INC FY2021 filing

Tax-deductible

New York, NY501(c)(3)EIN 85-3379562Revenue $476K in FY2021

On file with the IRSnycxdesign.com630 3rd Ave FL 21, 10017-6751 · New York, NYTax-exempt since Apr 2021Publicly supported charity — 170(b)(1)(A)(vi)

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Design is core to new york city's identity and creative dna. At nycxdesign, our mission is to support, empower, and grow the city's incredible design sector. Our internationally renowned annual design festival, established in 2013, showcases the immense talent and diversity of the city's designers, makers, and manufacturers, along with cutting-edge design businesses and districts, and world-class cultural and academic design institutions. The festival attracts 300,000+ national and international visitors to the city, generating significant economic activity across the boroughs with hundreds of events about design and innovation, creativity, culture, inclusivity, sustainability, and resiliency. As a non-profit organization, nycxdesign also runs an impactful year-round program increasing diversity, equitable opportunity, and inclusion within the city's design professions. We educate the city's young adults about design and inspire them to become the city's designers of tomorrow.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
$111K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
2 of 4
filings with a surplus
Average surplus $5K a year · 1% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$111K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$230K
90% of total assets
Concern: liabilities are 90% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$476K
+138% vs prior year
Spent
$629K
To programs
77%
Net assets
$27K
By yearFY2020–FY2024
Revenue
$476K
FY2021▲ +138%
Tap a bar for its year
Revenue by fiscal year
FY2020$200K
FY2021$476K
FY2023$660K
FY2024$393K
Expenses
$629K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2020$0
FY2021$629K
FY2023$763K
FY2024$319K
Net assets
$27K
FY2021▼ -87%
Tap a bar for its year
Net assets by fiscal year
FY2020$200K
FY2021$27K
FY2023−$62K
FY2024$12K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 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 Apr 2021.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $486K Management & general 11% · $72K Fundraising 11% · $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

6 people listed on the 990; $111K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$110,617Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2021
Ilene Shaw$110,600$120,000—
Elissa Edgerton Black——$110,617

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 Nycxd 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 15aYes

Programs and updates

Promotes New York City's design sector through an annual festival showcasing talent and innovation.

Provided by the organization

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1 program · $486K · in their own filed words · FY2021
01

Design is core to new york city's identity and creative dna. At nycxdesign, our mission is to support, empower, and grow the city's incredible design sector. Our internationally renowned annual design festival, established in 2013, showcases the immense talent and diversity of the city's designers, makers, and manufacturers, along with…

$486Kprogram 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
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$476K
Ln 12
Gifts and grantsLn 1h$472K
Other incomeLn 4–11$4K
Money outPt IX
$629K
Ln 25
Programscol B$486K
Managementcol C$72K
Fundraisingcol D$71K
Owns and owesPt X
$27K
net assets · Ln 32
Cash and savingsLn 1–2$256K
Total assetsLn 16$256K
LiabilitiesLn 26$230K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$472K
Government grantsLn 1e$8K
Other incomeLn 4–11$4K
Total revenueLn 12$476K
Assets in detailPt X, end of year
CashLn 1$256K
Cash and savings togetherLn 1–2$256K
Total assetsLn 16$256K
LiabilitiesLn 26$230K
Net assetsLn 32$27K
OperationsPt I, VI
EmployeesI 53
VolunteersI 62
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 FY21End FY21
Cash and savingsLn 1–2$200K$256K
Total assetsLn 16$200K$256K
LiabilitiesLn 26$21K$230K
Net assetsLn 32$179K$27K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$325K$227K$32K$65K
Other employee benefitsLn 9$29K$20K$3K$6K
Management feesLn 11a$120K$108K$12K
Legal feesLn 11b$4K$4K
Other fees for servicesLn 11g$55K$55K
Advertising and promotionLn 12$28K$28K
TravelLn 17$9K$9K
InsuranceLn 23$9K$4K$6K
Other expenses (24a–d)Ln 24$49K$34K$15K
Total functional expensesLn 25$629K$486K$72K$71K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $393K$319K$74K$12K 990 PDF
FY2023 $660K$763K−$103K−$62K 990 PDF
FY2022 Not on file
FY2021 Viewing $476K$629K−$153K$27K 990 PDF
FY2020 $200K$0$200K$200K 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 FY2021 990 (6 parts)
Part I · Summary $476,039 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $200,000$471,920
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$4,119
I-12 Total revenuePrior year $200,000$476,039
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$353,613
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$275,174
I-18 Total expensesPrior year $0$628,787
I-19 Revenue less expensesPrior year $200,000−$152,748
Part VI · Governance 4 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $476,039 across 6 lines filed
VIII-1e Government grants$8,478
VIII-1f All other contributions, gifts and grants$463,442
VIII-1h Total contributions, gifts and grants$471,920
VIII-5 RoyaltiesExcluded from tax $3,706$3,706
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $413$413
VIII-12 Total revenueRelated to mission $413 · Unrelated business $0 · Excluded from tax $3,706$476,039
Part IX · Statement of functional expenses $628,787 across 9 lines filed
IX-7 Other salaries and wagesPrograms $227,294 · Management $32,471 · Fundraising $64,941$324,706
IX-9 Other employee benefitsPrograms $20,235 · Management $2,891 · Fundraising $5,781$28,907
IX-11a Management feesPrograms $108,000 · Management $12,000$120,000
IX-11b Legal feesManagement $4,019$4,019
IX-11g Other fees for servicesPrograms $55,184$55,184
IX-12 Advertising and promotionPrograms $28,483$28,483
IX-17 TravelPrograms $8,823$8,823
IX-23 InsurancePrograms $3,560 · Management $5,861$9,421
IX-24 Other expenses (24a–d)Programs $34,449 · Management $14,795$49,244
IX-25 Total functional expensesPrograms $486,028 · Management $72,037 · Fundraising $70,722$628,787
Part X · Balance sheet $256,035 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $200,000$255,876
X-4 Accounts receivable$159
X-16 Total assetsStart of year $200,000$256,035
X-17 Accounts payable and accrued expenses$77,911
X-25 Other liabilitiesStart of year $20,726$151,598
X-26 Total liabilitiesStart of year $20,726$229,509
X-27 Net assets without donor restrictionsStart of year $179,274$26,526
X-32 Total net assets or fund balancesStart of year $179,274$26,526
X-33 Total liabilities and net assetsStart of year $200,000$256,035
Part XI · Reconciliation of net assets $26,526 net assets at year end
XI-1 Total revenue$476,039
XI-2 Total expenses$628,787
XI-3 Revenue less expenses−$152,748
XI-4 Net assets at start of year$179,274
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$26,526

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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