2021-11-15T12:12:44-00:00 2020-12-31 Mitchell & Titus LLP 80 Pine Street New York NY 10005 990 2020-01-01 133202011 New York City Partnership Foundation Inc NEWY 2124937400 One Battery Park Plaza Room 5th flo New York NY 100041479 Anthony Giugliano Treasurer 2021-11-11 false Anthony Giugliano Treasurer XXX-XX-XXXX Frederick Davis Jr P00446023 2127094500 2021-11-11 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z Maria Gotsch One Battery Park Plaza New York NY 10004 12631399 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 0 930585 2605866 273243 266004 1078063 1087975 51 0 2281942 3959845 220000 1347840 0 1253277 1892626 0 0 396704 1073998 1869981 4314464 411961 -354619 44354087 45415270 646462 671696 43707625 44743574 X See Schedule O false false 579566 346425 The Transit Innovation Partnership the TIP is a public-private initiative between the Metropolitan Transportation Authority the MTA and New York City Partnership Foundation, Inc. the Partnership with the mission to modernize and improve the operations of the MTA, including the New York City transit system. An advisory board of leaders from academia, business, civic organizations and government guides the TIP, which brings together diverse stakeholders to realize public-private projects that improve transit performance and customer service. The TIP introduced initiatives that enhance transit performance, customer service, workforce pipeline, process efficiency and revenue generation. 286580 239826 Provided financial assistance in the form of loans to existing projects in New York City. 100000 100000 Supported the Partnership for New York City Inc. policy development and analysis activities related to issues such as economic development, job creation, transportation, environmental sustainability, and public education in New York City. 3021899 1347840 1525000 3988045 true true false true false false false false false true false false true false true false 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 5 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 004.00 046.00 X X 0 1281025 45789 Maria Gotsch President and Director 020.20 029.80 X X 0 632674 31769 Anthony Giugliano Treasurer 004.50 040.50 X 0 406076 35780 Peter M Cohen Secretary 009.70 035.30 X 0 262168 29662 Peter A Flaherty Chairman and Director 000.20 X X 0 0 0 Monica F Azare Director 000.30 X 0 0 0 Stewart K Gross Director 000.20 X 0 0 0 Jukay Hsu Director, from 12/9/19 000.20 X 0 0 0 Philip Mindlin Director 000.30 X 0 0 0 Howard L Sanders Director 000.30 X 0 0 0 Jason Stewart Director, through 11/16/20 000.20 X 0 0 0 2581943 143000 false true false 1 546425 2059441 2605866 Interest income-charitable purpose loans 900099 239826 239826 Royalty income-charitable purpose grants 900099 26178 26178 266004 1171543 1171543 8587986 8671554 -83568 -83568 -83568 3959845 266004 1087975 X 1347840 1347840 0 0 0 434828 336583 98245 0 1162392 1107378 55014 66373 63173 3200 158554 148279 10275 70479 66077 4402 0 1608 1608 61462 3291 58171 0 10020 10020 482455 480820 1635 50000 50000 15222 12214 3008 113863 110726 3137 0 195782 177909 17873 1432 1326 106 0 86895 45784 41111 0 0 0 27110 11366 15744 28149 25279 2870 4314464 3988045 326419 0 1063936 2361011 188034 137997 2000 1000 164936 18135 38526528 38286395 68639 67491 4315576 4505225 24438 38016 44354087 45415270 65285 83287 581177 588409 646462 671696 X 40185468 40900310 3522157 3843264 43707625 44743574 44354087 45415270 X -354619 1182418 208150 X false true X true false X 798305 616500 1860500 782000 2571904 6629209 798305 616500 1860500 782000 2571904 6629209 2062030 4567179 733969 711331 859034 1091413 1171543 4567290 131 575 51 757 11197256 2548552 0.40790 0.42330 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4304444 4304444 365222 91306 215705 331579 243096 365222 1155602 1733403 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, 2020. false 3254516 454140 37880 3670776 2796425 604417 146326 3254516 3181749 -204621 180703 2796425 2831372 507417 157040 3181749 2752959 220482 142069 2831372 0.51000 0.49000 false false Financial derivatives and other financial products Closely-held equity interests Charitable loans 4505225 F 4505225 Federal income taxes Due to Affiliates 588409 588409 X 11307688 1182418 6175445 7357863 3949825 10020 10020 3959845 10271739 6175445 -208150 5967295 4304444 10020 10020 4314464 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 208,150 of unrealized gain on charitable, program-related loans. true Partnership for New York City Inc 1 Battery Park Plaza New York NY 10004 133056559 501c6 100000 Civic engagement Brooklyn Alliance Inc 335 Adams Street Suite 2700 Brooklyn NY 11201 112145956 501 c3 428320 Small Business Resource Queens County Chamber of Commerce Foundation Inc 75-20 Astoria Blvd Suite 140 Jackson Heights NY 11370 113514824 501 c3 304320 Small Business Resource Manhattan Chamber of Commerce Foundation 575 Fifth Avenue 14th Floor New York NY 10017 134016593 501 c3 309320 Small Business Resource HUB-THIRD AVENUE MERCHANTS DISTRICT MANAGEMENT ASSOCIATION INC 2825 Third Avenue 3rd Floor Bronx NY 10455 133455415 501 c3 102940 Small Business Resource Staten Island Chamber of Commerce Foundation Inc PO Box 41277 Staten Island NY 10304 134069282 501 c3 102940 Small Business Resource 5 1 Part I Line 1 The 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 sources of funding and technical assistance. A monitoring process was established to ensure compliance with the terms of the grant agreements. The Organization maintains an ongoing dialogue with each grantee regarding the SBRN program. The Organization receives 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. false true false false false false false false false Maria Gotsch President and Director 534069 98605 17100 14669 664443 Kathryn S Wylde Vice President and Director 881525 380000 19500 17100 28689 1326814 Peter M Cohen Secretary 247168 15000 15007 14655 291830 Anthony Giugliano Treasurer 355428 50648 17100 18680 441856 Part I Line 3 The Organization does not have any employees. The compensation reported in Form 990 Part IX represents the allocated amount of salary and benefit expenses paid by a related entity, The Partnership for New York City, Inc. the Partnership to individuals who provide administrative and program services to the Organization. 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 Organizations CEO, officers and key employees prior to making its decision. The consultant reviews staff job descriptions and interviews those individuals to gain a clear understanding of job responsibilities, compensation history, and the Organization. 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 2020, she did not receive any payments from the plan. Form 990, Part III, Line 4d Program Service Expenses 37,880, Grants and allocations 0, Revenue 0 Developing Leaders The David Rockefeller Fellows Program 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 20-30 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 480 alumni, most of whom remain active in Organization activities on an ongoing basis. Form 990, Part III, Line 4d Program Service Expenses 454,624, Grants and allocations 0, Revenue 0 Strategic Inititiatives - Career Week Discovery The New York City Department of Education and the Partnership for New York City partnered to launch the citys first-ever Career Discovery Week. Over 180 of the citys major employers joined forces to provide a full day of programming for 6,000 tenth-grade public high school students who learned about future job opportunities available to them. Students, teachers and the companies involved overwhelmingly agreed that this event allowed students to be directly exposed to the citys wide range of industries and career opportunities. Form 990, Part III, Line 4d Program Service Expenses 805,688, Grants and allocations 0, Revenue 0 Covid - Public Education A Call for Action and Collaboration The COVID-19 pandemic of 2020 exposed the strengths and vulnerabilities of New York City. This report chronicled the impact of COVID-19 on New York City and the metropolitan region. It offered suggested actions to mitigate the damage of the pandemic and to forge a new value proposition for the city focused on opportunity, affordability and innovation. Form 990, Part III, Line 4d Program Service Expenses 1,723,707, Grants and allocations 1,347,840, Revenue 1,525,000 The Small Business Resource Network SBRN provides small business owners with easy access to public and private sources of funding and 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 18,000 small businesses, mostly minority and immigrant-owned, and channeled aid from government and expert volunteers. Form 990, Part VI, Line 2 Each of Kathryn Wylde, Anthony Giugliano, Maria Gotsch and Peter Cohen 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 allocated amount of salary and benefit expenses paid by a related entity, The Partnership for New York City, Inc. the Partnership, to individuals who provide administrative and program services to the Organization. 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 208,150 of unrealized gain on charitable, program-related loans and 1,182,418 of unrealized gain on investment accounts. Form 990, Part IX, Line 11g Fees for Services - Other includes 411,079 paid for consultants to help launch the citys first-ever Career Discovery Week. Over 180 of the citys major employers joined forces to provide a full day of programming for 6,000 tenth-grade public high school students who learned about future job opportunities available to them. . 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 true The Partnership for New York City Inc b 100000 Cost The Partnership for New York City Inc n 361991 Cost The Partnership for New York City Inc o 1295203 Cost Part II Line 2f Direct controlling entity is the Partnership for New York City, Inc. Part II 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.