Nycxd INC FY2023 filing

Tax-deductible

New York, NY501(c)(3)EIN 85-3379562

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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.
83¢ of each $1 spent went to programs.
$120K 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

FY2023 · 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
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$120K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
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
$79K
455% of total assets
Concern: liabilities are 455% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$660K
+39% vs prior year
Spent
$763K
To programs
83%
Net assets
−$62K
By yearFY2020–FY2024
Revenue
$660K
FY2023▲ +39%
Revenue by fiscal year
FY2020$200K
FY2021$476K
FY2023$660K
FY2024$393K
Expenses
$763K
FY2023▲ +21%
Expenses by fiscal year
FY2020$0
FY2021$629K
FY2023$763K
FY2024$319K
Net assets
−$62K
FY2023▼ -333%
Net assets by fiscal year
FY2020$200K
FY2021$27K
FY2023−$62K
FY2024$12K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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

83 cents of each dollar spent went to programs.

Program services 83% · $630K Management & general 13% · $96K Fundraising 5% · $37K

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

7 people listed on the 990; $120K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$120,000Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A
Board Director
$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.

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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 service account for $630K of program spending, described in the organization's own filed words · FY2023.
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…

$630Kprogram expense

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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 FY2023 990, line by line.

1The main four
Money inPt VIII
$660K
Ln 12
Fees for servicesLn 2g$324K
Gifts and grantsLn 1h$322K
Other incomeLn 4–11$13K
Money outPt IX
$763K
Ln 25
Programscol B$630K
Managementcol C$96K
Fundraisingcol D$37K
Owns and owesPt X
−$62K
net assets · Ln 32
Cash and savingsLn 1–2$17K
Total assetsLn 16$17K
LiabilitiesLn 26$79K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$322K
Government grantsLn 1e$150K
Noncash giftsLn 1g$28K
Fees for servicesLn 2g$324K
Other incomeLn 4–11$13K
Total revenueLn 12$660K
Assets in detailPt X, end of year
CashLn 1$17K
Cash and savings togetherLn 1–2$17K
Total assetsLn 16$17K
LiabilitiesLn 26$79K
Net assetsLn 32−$62K
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 FY23End FY23
Cash and savingsLn 1–2$2K$17K
Total assetsLn 16$119K$17K
LiabilitiesLn 26$78K$79K
Net assetsLn 32$41K−$62K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$120K$96K$17K$7K
Other salaries and wagesLn 7$55K$27K$600$28K
Payroll taxesLn 10$12K$8K$1K$2K
Legal feesLn 11b$25K$25K
Accounting feesLn 11c$19K$19K
Other fees for servicesLn 11g$177K$177K
Advertising and promotionLn 12$147K$147K
TravelLn 17$16K$16K
Conferences, conventions and meetingsLn 19$132K$132K
InsuranceLn 23$23K$4K$20K
Other expenses (24a–d)Ln 24$37K$24K$13K
Total functional expensesLn 25$763K$630K$96K$37K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $393K$319K$74K$12K 990 PDF
FY2023 Viewing $660K$763K−$103K−$62K 990 PDF
FY2022 Not on file
FY2021 $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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $659,553 across 7 lines filed
VIII-1e Government grants$149,815
VIII-1f All other contributions, gifts and grants$172,309
VIII-1g Noncash contributions (included above)$28,309
VIII-1h Total contributions, gifts and grants$322,124
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $324,227$324,227
VIII-5 RoyaltiesExcluded from tax $13,202$13,202
VIII-12 Total revenueRelated to mission $324,227 · Unrelated business $0 · Excluded from tax $13,202$659,553
Part IX · Statement of functional expenses $762,625 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $95,976 · Management $16,908 · Fundraising $7,116$120,000
IX-7 Other salaries and wagesPrograms $26,580 · Management $600 · Fundraising $27,900$55,080
IX-10 Payroll taxesPrograms $8,381 · Management $1,197 · Fundraising $2,395$11,973
IX-11b Legal feesManagement $25,208$25,208
IX-11c Accounting feesManagement $18,600$18,600
IX-11g Other fees for servicesPrograms $176,974$176,974
IX-12 Advertising and promotionPrograms $146,756$146,756
IX-17 TravelPrograms $15,775$15,775
IX-19 Conferences, conventions and meetingsPrograms $131,608$131,608
IX-23 InsurancePrograms $3,560 · Management $19,716$23,276
IX-24 Other expenses (24a–d)Programs $24,021 · Management $13,354$37,375
IX-25 Total functional expensesPrograms $629,631 · Management $95,583 · Fundraising $37,411$762,625
Part X · Balance sheet $17,390 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $1,849$17,390
X-16 Total assetsStart of year $118,795$17,390
X-17 Accounts payable and accrued expensesStart of year $35,995$79,173
X-25 Other liabilitiesStart of year $41,511$0
X-26 Total liabilitiesStart of year $77,506$79,173
X-27 Net assets without donor restrictionsStart of year $41,289−$61,783
X-32 Total net assets or fund balancesStart of year $41,289−$61,783
X-33 Total liabilities and net assetsStart of year $118,795$17,390
Part XI · Reconciliation of net assets −$61,783 net assets at year end
XI-1 Total revenue$659,553
XI-2 Total expenses$762,625
XI-3 Revenue less expenses−$103,072
XI-4 Net assets at start of year$41,289
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$61,783

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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