2023-11-10T02:35:30-00:00 2022-12-31 132781641 Mitchell & Titus LLP 80 Pine Street New York NY 10005 990 2022-01-01 133202011 New York City Partnership Foundation Inc % Anthony Giugliano NEWY 2124937400 One Battery Park Plaza STE 5th floo New York NY 100041479 Anthony Giugliano Treasurer 2124937503 2023-11-10 false Anthony Giugliano XXX-XX-XXXX Frederick Davis Jr P00446023 2127094500 2023-11-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Maria Gotsch One Battery Park Plaza STE 5th floo New York NY 10004 17406905 false X pfnyc.org X 1983 NY To advance the economy of New York City and contribute directly to projects that create jobs, improve economically distressed communities and stimulate new business creation. 8 6 0 6 0 4023000 9582598 258462 1367499 1061179 186069 0 5342641 11136166 3346141 5711651 0 988703 938700 0 0 2347462 1356348 6682306 8006699 -1339665 3129467 45208462 44042672 466160 306133 44742302 43736539 X See Schedule O false false 505722 867576 Portfolio Program Services Provided financial assistance in the form of loans to existing projects in New York City. 200000 200000 Grants to Affiliate Supported the Partnership for New York City Inc. policy development and analysis activities related to issues such as economic development, educational job creation, transportation, environmental sustainability, and public education in New York City. 152786 The David Rockefeller Fellows was established in 1989 as a tribute to the civic leadership of the Partnership for New York Citys founding chairman, and to educate and engage a rising generation of private sector leaders in the civic needs of New York City so they will be able to take an active role in shaping New York Citys future. Each year approximately 30 Fellows are selected to participate in meetings and site visits that will provide a network for personal leadership development and to help Fellows become aware of the opportunities for public-private partnerships and the benefits of the partnerships between the City and their business. The Fellows meet with a number of CEOs from member companies of the Partnership for New York City, Inc., a related entity. The program counts over 500 alumni, most of whom remain active in Organization activities on an ongoing basis. 6796385 5511650 7709573 7654893 true true false true false false false false false true false false true false true true true false false false false false false false false false false true false true false false false false false false false false false false false false false true false true false true 3 0 0 false false false false false false false false false false false false X 8 6 true false false false false false false true true false false true true true true true true false false false NY X Anthony Giugliano 2124937503 One Battery Park Plaza New York NY 10004 Kathryn S Wylde Vice President and Director 001.63 048.37 X X 0 1453273 49400 Maria Gotsch President and Director 015.09 029.91 X X 0 775235 35061 Anthony Giugliano Treasurer 004.50 040.50 X 0 421077 35061 Jennifer Fine Executive Vice President - Partnership 040.00 X 0 323328 33615 Merrill Pond Executive Vice President - Partnership 040.00 X 0 300904 46076 Peter M Cohen Secretary 015.45 029.55 X 0 266481 32044 Adira Siman General Counsel and SVP - Partnership 045.00 X 0 230716 42820 Arminda Aviles Kelly Senior Vice President - Fund 001.35 038.65 X 0 241396 31197 Michael Blaustein Senior Vice President - Partnership 040.00 X 0 213093 48889 Peter A Flaherty Chairman and Director 000.20 X X 0 0 0 Stewart K Gross Director 000.30 X 0 0 0 Jukay Hsu Director 000.20 X 0 0 0 Philip Mindlin Director 000.30 X 0 0 0 Howard L Sanders Director 000.30 X 0 0 0 Natalie Lamarque Director, through 12/9/22 000.20 X 0 0 0 Khary Barnes Director, as of 12/9/22 000.20 X 0 0 0 4225503 354163 false true false MaryamB LLC 413 West 21st Street New York NY 10011 We Love NYC Educational Campaign Consultant 1000000 1 9582598 9582598 Interest income-charitable purpose loans 900099 344831 344831 Royalty income-charitable purpose grants 900099 499923 499923 Recovered cost-charitable purpose loans 900099 522745 522745 1367499 626500 626500 5830308 6270739 -440431 -440431 -440431 11136166 1367499 186069 X 5711651 5711651 0 0 0 491929 368531 123398 0 345790 299138 46652 18827 16218 2609 56155 48490 7665 25999 22238 3761 0 0 65386 5048 60338 0 22040 22040 1024910 1023290 1620 0 12680 9727 2953 72889 68921 3968 0 65911 52633 13278 465 432 33 0 54488 12325 42163 0 0 0 25424 7118 18306 12155 9133 3022 8006699 7654893 351806 0 1393225 7560249 74465 89778 35000 252000 33396 43900 37909801 29052479 78153 95890 5659225 6911845 25197 36531 45208462 44042672 66681 79748 399479 226385 466160 306133 X 40278438 36538777 4463864 7197762 44742302 43736539 45208462 44042672 X 3129467 -3995830 -139400 X false true X true false X 1860500 782000 2571904 4023000 9582598 18820002 1860500 782000 2571904 4023000 9582598 18820002 5397646 13422356 859034 1091413 1171543 656137 626501 4404628 51 51 23224681 1972126 0.57790 0.38510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7461914 7461914 523096 130774 243096 365222 483415 523096 1614829 2422244 II-A 2 The Organization made its first section 501h election for the tax year ending December 31, 2015 and the election was not revoked before the start of the Organizations tax year starting January 1, 2022. false 3984641 -629677 152786 3202178 3670776 406200 92335 3984641 3254516 454140 37880 3670776 2796425 604417 146326 3254516 3181749 -204621 180703 2796425 0.58000 0.42000 false false Financial derivatives and other financial products Closely-held equity interests Charitable loans 6389100 F Charitable loan interest and other receivables 522745 F 6911845 Federal income taxes Due to Affiliates 226385 226385 6714491 -3995830 118940 -3876890 10591381 22040 522745 544785 11136166 7720254 118940 139400 258340 7461914 22040 522745 544785 8006699 V 4 Earnings from the endowment fund are used to fund the David Rockefeller Fellows Program. X 1. 1 Management has concluded that the organization has no uncertain tax positions that require recognition or further disclosure in the accompanying financial statements. XII 2d Other amount consists of 139,400 of unrealized loss on charitable, program-related loans. XI 4b 522,745 cost recovered for disposed loan is reported as reduction of expense in the audited financial statements, and reported as revenue in the 990. XII 4b 522,745 cost recovered for disposed loan is reported as reduction of expense in the audited financial statements, and reported as revenue in the 990. true Partnership for New York City Inc One Battery Park Plaza New York NY 10004 133056559 501c6 200000 Civic engagement Brooklyn Alliance Inc 335 Adams Street Suite 2700 Brooklyn NY 11201 112145956 501 c3 466902 Small Business Resource Network Queens County Chamber of Commerce Foundation Inc 75-20 Astoria Blvd Suite 140 Jackson Heights NY 11370 113514824 501 c3 538673 Small Business Resource Network Manhattan Chamber of Commerce Foundation 575 Fifth Avenue 14th Floor New York NY 10017 134016593 501 c3 312156 Small Business Resource Network HUB-THIRD AVENUE MERCHANTS DISTRICT MANAGEMENT ASSOCIATION INC 2825 Third Avenue 3rd Floor Bronx NY 10455 133455415 501 c3 124052 Small Business Resource Network Staten Island Chamber of Commerce Foundation Inc PO Box 41277 Staten Island NY 10304 134069282 501 c3 124052 Small Business Resource Network Breaking Ground Housing Development Fund Corporation 505 Eight Avenue 5th Floor New York NY 10018 113048002 501 c3 3945815 Homeless Assistance Fund 6 1 Part I Line 1 1The grant to the Partnership for New York City, Inc. is made on a reimbursement basis of actual expenditures substantiated by reports submitted by the grantee. Part I Line 2,3,4,5,6 The Organization has entered into written grant agreements with the Section 501c3 public charities affiliated with each of the Chambers of Commerce for the five boroughs of New York City to support the establishment of the Small Business Resource Network SBRN, which provides small business owners with easy access to public and private resources, including technical assistance. A monitoring process was established to ensure compliance with the terms of the grant agreements. The Organization maintained an ongoing dialogue with each grantee regarding the SBRN program. The Organization received a formal Financial Activity Report from each grantee on a regular basis and reviews the Financial Activity Reports received for compliance with the terms of the grant agreements. Part I Line 7 The Organization has entered into written grant agreement with Breaking Ground Housing Development Fund Corporation, a Section 501c3 public charity in NYC, to accelerate getting unsheltered New Yorkers and individuals living with mental illness into the treatment programs and housing they need - the program launched in October 2022, and will run through the end of 2023. Breaking Grounds outreach teams had over 22,300 interactions with street homeless individuals through June 2023, making thousands of referrals to health care, mental health services, food pantries, transitional shelter, and permanent housing.The Organization receives a formal Financial Activity Report from the grantee on a regular basis and reviews the Financial Activity Reports received for compliance with the terms of the grant agreements. false true false false false false false false false Kathryn S Wylde Vice President and Director 922773 510000 20500 49400 1502673 Maria Gotsch President and Director 645235 130000 35061 810296 Anthony Giugliano Treasurer 365948 55129 35061 456138 Jennifer Fine Executive Vice President - Partnership 268904 54424 33615 356943 Merrill Pond Executive Vice President - Partnership 260404 40500 46076 346980 Peter M Cohen Secretary 251481 15000 32044 298525 Arminda Aviles Kelly Senior Vice President - Fund 219251 22145 31197 272593 Michael Blaustein Senior Vice President - Partnership 192493 20600 48889 261982 Adira Siman General Counsel and SVP - Partnership 199694 31022 42820 273536 Part I Line 3 The Organization does not have any employees. The compensation reported in Form 990 Part IX represents the amount of salary and benefit expenses paid by a related entity, The Partnership for New York City, Inc. the Partnership, to its most highly compensated employees. The Partnerships Compensation Committee is an independent committee comprised of members of the Partnerships Board of Directors. The Committee is comprised of individuals unrelated to, and not subject to, the control of management. The Committee members do not have any material financial interest in its transactions. The Committee members do not receive compensation subject to managements approval. The Committee engages a benefit consulting firm on an annual basis to prepare a competitive compensation analysis for the Partnerships most highly compensated employees prior to making its decision. The consultant collects pertinent data of comparable positions at peer organizations and includes the information in a report to the Committee. The comparable data is compensation ordinarily provided by similarly situated organizations which are comparable in size, nature, and operations. The consultant also includes data that describes current year trends in overall staff compensation increases. The final report is provided to and relied upon by the Committee. The Committee maintains adequate and contemporaneous documentation. Terms of the Committees deliberations and its conclusions are agreed upon and recorded in writing prior to the date compensation changes are instituted. The documentation records the decision-making process and the actions of the Committee members. Part I Line 4b Kathryn Wylde participates in a nonqualified deferred compensation plan with the New York City Investment Fund Manager, Inc., a related organization. During the year 2022, she did not receive any payments from the plan. Form 990, Part III, Line 4d Program Service Expenses 3,967,160, Grants and allocations 3,945,815, Revenue 6,511,900 The Homeless Assistance Fund is a collective public-private initiative to provide services and mental health resources to New Yorkers experiencing homelessness.An initiative with Breaking Ground - a homeless outreach and housing nonprofit 501 c3, to accelerate getting unsheltered New Yorkers and individuals living with mental illness into the treatment programs and housing they need - the program launched in October 2022, and will run through the end of 2023. Breaking Grounds outreach teams had over 22,300 interactions with street homeless individuals through June 2023, making thousands of referrals to health care, mental health services, food pantries, transitional shelter, and permanent housing. Form 990, Part III, Line 4d Program Service Expenses 1,829,225, Grants and allocations 1,565,835, Revenue 1,197,673 The Small Business Resource Network SBRN provides small business owners with easy access to public and private resources, including technical assistance. The SBRN is a joint initiative of the Peter G. Peterson Foundation, the New York City Economic Development Corporation and the 501c3 public charities affiliated with the Chambers of Commerce for the five boroughs of New York City. It has connected with over 10,000 small businesses, mostly minority and immigrant-owned. Form 990, Part III, Line 4d Program Service Expenses 1,000,000, Grants and allocations 0, Revenue 0 Strategic Initiatives - We Love NYC public education campaign to address the challeges to New York City steeming from the COVID-19 pandamic and post-pandemic future of New York City. Form 990, Part VI, Line 2 Each of Kathryn Wylde, Maria Gotsch, Anthony Giugliano, Peter Cohen, Jennifer Fine, Merrill Pond, Arminda Avilles-Kelly, Michael Blaustein, and Adira Siman have a business relationship with each other through related entities, New York City Investment Fund Manager, Inc. and the Partnership for New York City, Inc. Form 990, Part VI, Section B, Line 11b The Form 990 prepared by management and reviewed by the independent accounting firm is provided to the Organizations Audit Committee for review and discussion with management and the independent accounting firm prior to being filed. The Audit Committee also reviews and accepts the Organizations audited financial statements. After the Audit Committee reviews the Form 990 with management and the independent accountant and their questions are answered, the independent accountant and Treasurer sign the Form. The final, signed Form 990 is provided to the Organizations Board members prior to filing with the IRS. Form 990, Part VI, Section B, Line 12c Conflict of interest policy statements signed and returned by non-employee directors and officers of the Organization are kept on file in the office of the general counsel of the Organization. In the event a conflict is determined, the general counsel discusses the conflict with the President/CEO of the Organization, who in turn would discuss the conflict with the appropriate committee of the Board, or the Board of Directors of the Organization, as applicable. The final determination about actual or potential conflicts is made by the Board of Directors of the Organization. Form 990, Part VI, Section B, Line 15 The Organization does not have any employees. The compensation reported in Form 990 Part IX represents the amount of salary and benefit expenses paid by a related entity, The Partnership for New York City, Inc. the Partnership, to its most highly compensated employees. Form 990, Part VI, Section C, Line 19 Copies of the Organizations financial statements, conflict of interest policy and governing documents are available to the public upon request. Form 990, Part XI, Line 9 Other changes consist of 139,400 of unrealized loss on charitable, program-related loans. Form 990, Part IX, Line 11g Fee for Services - Other consisists of payments of 1,000,000 in consulting fees to MaryamB to develope the scope of We Love NYC public education campaign to address the challeges to New York City steeming from the COVID-19 pandamic and post-pandemic future of New York City. Partnership for New York City Inc One Battery Park Plaza New York NY 10004 133056559 business association NY 501c6 N/A false Fund for New York's Future Inc One Battery Park Plaza New York NY 10004 421729265 promote NYC welfare NY 501c4 see Part VII false Coalition for New York's Future Inc One Battery Park Plaza New York NY 10004 274201240 promote NYS economy NY 501c4 see Part VII false New York City Investment Fund Manager Inc One Battery Park Plaza New York NY 10004 133905863 manage assets NY see Part VII C Corp false false true false false false false false false false false false false false true true false false false false The Partnership for New York City Inc b 200000 Cost The Partnership for New York City Inc n 298147 Cost The Partnership for New York City Inc o 101206 Cost Part II Line 2f Direct controlling entity is the Partnership for New York City, Inc. Part III Line 3f Direct controlling entity is the Partnership for New York City, Inc. Part IV Line 1d Direct controlling entity is the Partnership for New York City, Inc.