2025-11-18T00:03:50-06:00 2024-12-31 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2024-01-01 133717310 GREYSTON FOUNDATION INC GREY 9143763900 20 SOUTH BROADWAY 12TH FLOOR YONKERS NY 10701 ANDREW YU VP, FINANCE & OPS 9143763900 2025-11-17 1 1 GARRETT M HIGGINS P00543209 9143818900 2025-11-17 2024 2025-03-06 01:10:19Z ANDREW YU 20 SOUTH BROADWAY 12TH FLOOR YONKERS NY 10701 897617 0 X WWW.GREYSTON.ORG X 1993 NY SEE SCHEDULE O. 9 8 58 8 0 0 2125554 807858 943166 0 125 64890 2801 24869 3071646 897617 3177 40000 0 0 2916328 1823543 0 0 146783 1604922 1325649 4524427 3189192 -1452781 -2291575 20581207 19048906 5504589 5355042 15076618 13693864 X SEE SCHEDULE O. 0 0 1606886 40000 GREYSTON UNLOCKS THE POWER OF HUMAN POTENTIAL THROUGH INCLUSIVE EMPLOYMENT, ONE PERSON AT A TIME. WE ARE LEADING THE EFFORT TO DEVELOP EFFECTIVE SOLUTIONS THAT ADDRESS THE UNDERLYING CAUSES OF EMPLOYMENT CHALLENGES THROUGH OUR NEW GREYSTON EMPLOYMENT OPPORTUNITY CENTER (GEOC). THE GEOC PROVIDES SERVICES IN FOUR AREAS: INCLUSIVE HIRING SERVICES, TRANSITIONAL EMPLOYMENT, WORKFORCE DEVELOPMENT, AND PROGRAMS FOR YOUNG ADULTS. INCLUSIVE HIRING SERVICESGREYSTON PROVIDES SUPPORT TO BUSINESSES IN ADOPTING INCLUSIVE HIRING PRACTICES THROUGH MENTORING, AN E-LEARNING PORTAL, DATA COLLECTION, AND RECRUITMENT. THESE PROGRAMS ARE DEDICATED TO THE REPLICATION OF GREYSTON'S OPEN HIRING MODEL AND/OR VARIATIONS THEREOF. OUR INCLUSIVE HIRING SERVICES HAVE REALIZED 1,350 NEW JOBS SINCE INCEPTION. INCLUSIVE HIRING HAS BEEN SHOWN TO: REDUCE TIME-TO-HIRE BY 80%, REDUCE HIRING COSTS UP TO 93%, INCREASE POSITIVE PERCEPTION OF WORK CULTURE AND TRUST IN EMPLOYER, AND GENERATE POSITIVE ECONOMIC IMPACT DIRECTLY TO THE LOCAL COMMUNITY.TRANSITIONAL EMPLOYMENTGREYSTON PROVIDE RE-ENTRY SERVICES FOR JUSTICE-INVOLVED INDIVIDUALS, GIVING THEM AN OPPORTUNITY TO REENTER SOCIETY WITH DIGNITY. GREYSTON SERVES AN AVERAGE OF 75 RECENTLY RELEASED CITIZENS ANNUALLY THROUGH OUR APPRENTICESHIP PROGRAMS. THROUGH THESE SERVICES, THE RECIDIVISM RATE AMONG PROGRAM PARTICIPANTS IS 4.2%, COMPARED TO A NATIONAL RATE OF 44%.WORKFORCE DEVELOPMENTGREYSTON PROVIDES INDUSTRY-RECOGNIZED CERTIFICATION, OCCUPATIONAL TRAINING, AND EDUCATION PROGRAMS IN HIGH-DEMAND SECTORS SUCH AS IT, HEALTHCARE, BUSINESS, CONSTRUCTION, SECURITY, AND HOSPITALITY. STUDENTS EARN AN AVERAGE OF 24% ABOVE THE MINIMUM WAGE IN NEW YORK STATE. IN 2022, GREYSTON SERVED INDIVIDUALS WHO COMPLETED WORKFORCE TRAINING. GREYSTON PROVIDED CASE MANAGEMENT SERVICES TO OVER 100 INDIVIDUALS IN 2022. MORE THAN TWO-THIRDS OF CASE MANAGEMENT CLIENTS RECEIVED 2 OR MORE SERVICES.PROGRAMS FOR YOUNG ADULTSGREYSON PROVIDES INTERPERSONAL AND OCCUPATIONAL TRAINING PROGRAMS PAIRED WITH COMPREHENSIVE CASE MANAGEMENT TO YOUNG ADULTS. UPON COMPLETION OF TRAINING, CLIENTS ARE CONNECTED TO INTERNSHIPS, APPRENTICESHIPS, AND/OR JOB PLACEMENT IN ADDITION TO A FULL YEAR OF WRAPAROUND SOCIAL SERVICES. GREYSTON HAS SERVED 248 INDIVIDUALS SERVED SINCE THE PROGRAM'S INCEPTION, 187 PARTICIPANTS RECEIVED NATIONALLY ACCREDITED JOB SKILLS TRAINING, AND 136 GRADUATES PLACED IN FULL-TIME POSITIONS. 1606886 1 1 0 0 0 0 0 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 X 3 0 58 1 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 NY X X X KEMRAJ JEWTH 9147587945 20 SOUTH BROADWAY 12TH FLOOR YONKERS NY 10701 JOSEPH D KENNER PRESIDENT & CEO 32.00 13.00 X X 237706 0 6407 ANDREW YEARLEY CHAIR 1.00 2.00 X X 0 0 0 TY HOOKWAY TREASURER 1.00 1.00 X X 0 0 0 JUSTIN AREST DIRECTOR 1.00 1.00 X 0 0 0 AILEEN BURDICK DIRECTOR 1.00 1.00 X 0 0 0 DARRAH FELDMAN DIRECTOR 1.00 1.00 X 0 0 0 JEREMY LEE DIRECTOR 1.00 1.00 X 0 0 0 CANDICE COOK SIMMONS DIRECTOR 1.00 1.00 X 0 0 0 DR AUDREY TOMLINSON DIRECTOR 1.00 1.00 X 0 0 0 ANDREW YU VP, FINANCE & OPS 32.00 13.00 X 184315 0 8744 DR DOROTHY P JENNINGS VP, STRATEGIC PROGRAMS 40.00 X 193667 0 4911 615688 0 20062 3 0 1 0 RSM US LLP 5155 PAYSPHERE CIRCLE CHICAGO IL 60674 ACCOUNTING, I/T SERVICES 187355 ACT INC - ADULTS CARING FOR TEENS 445 HAMILTON AVENUE SUITE 1102 WHITE PLAINS NY 10601 SOFT SKILLS TRAINING 114400 2 452688 355170 807858 64890 64890 OTHER INCOME 900099 24832 24832 MISCELLANEOUS INCOME 900099 37 37 24869 897617 0 0 89759 40000 40000 635751 320634 315117 833602 162174 537179 134249 26655 20687 5946 22 116925 45646 71195 84 210610 101821 96361 12428 212569 98765 113804 175624 109811 65813 396173 221446 174727 29931 19169 10762 115967 74269 41698 OTHER 380045 380045 REPAIR AND MAINTENANCE 8124 5203 2921 EQUIPMENT RENTAL 7216 7216 3189192 1606886 1435523 146783 1000 1000 2107883 209783 730848 83000 301848 49173 34567 574164 106273 463158 467891 11101286 12155107 6044859 5878710 20581207 19048906 304998 166474 6500 5193091 5188568 5504589 5355042 X 15076618 13693864 15076618 13693864 20581207 19048906 -2291575 908821 0 X X 0 0 0 X 5240624 4287791 4536650 2125554 807858 16998477 5240624 4287791 4536650 2125554 807858 16998477 8367046 8631431 216 161 308 125 64890 65700 42601 80457 1007 2801 24869 151735 17215912 3925070 0.50140 0.52930 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 25,870. 2021 AMOUNT: $ 75,857. 2022 AMOUNT: $ 1,007. 2023 AMOUNT: $ 2,801. 2024 AMOUNT: $ 24,869. DEBT FORGIVENESS - INSURANCE REFUNDS - 2020 AMOUNT: $ 16,731. 2021 AMOUNT: $ 4,600. TRAINING FEES - RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 319359 57846 261513 99224 14885 84339 155581 33542 122039 467891 INVESTMENT IN RELATED ORGANIZATIONS 12155107 C 12155107 RIGHT OF USE ASSET 3068170 DUE FROM AFFILIATES 2730470 DEPOSITS 80070 5878710 CUMULATIVE LOSSES IN EXCESS OF INVESTMENTS IN LP 258170 DUE TO AFFILIATES 1738280 OPERATING LEASE LIABILITY 3192118 5188568 X 0 COMMUNITY COUNSELING SERVICE LLC 527 MADISON AVE 5TH FL NEW YORK NY 10022 ENGAGED TO DEVELOP FUNDRAISING PLAN FOR 2024 0 95000 0 95000 95000 95000 SCHEDULE G, PART I, LINE 2B, COLUMN (V) CCS'S FEES DO NOT INCLUDE OUT-OF-POCKET PROJECT-RELATED EXPENSES, WHICH GREYSTON SHALL PAY SEPARATELY, AT COST. PROJECT EXPENSES INCURRED BY CCS EXECUTIVES AND ASSIGNED STAFF INCLUDE BUT ARE NOT LIMITED TO REASONABLE PROJECT-RELATED TRAVEL, TRANSPORTATION, MILEAGE, LODGING, MEALS, PRINTING, COURIER AND OTHER ANCILLARY AND OUT-OF-POCKET COSTS. PAYMENT FOR THE EXPENSES SHALL BE MADE TO CCS WITHIN THIRTY DAYS AFTER BEING INVOICED. X X 0 0 0 0 0 0 0 0 0 JOSEPH D KENNER PRESIDENT & CEO 146753 0 0 0 90953 0 6231 0 176 0 244113 0 0 0 DR DOROTHY P JENNINGS VP, STRATEGIC PROGRAMS 102482 0 0 0 91185 0 4443 0 468 0 198578 0 0 0 ANDREW YU VP, FINANCE & OPS 181315 0 0 0 3000 0 7310 0 1434 0 193059 0 0 0 PART I, LINE 3 JOSEPH KENNER SERVES A DUAL ROLE AS CEO AND PRESIDENT OF GREYSTON FOUNDATION, AS WELL AS PRESIDENT OF GREYSTON BAKERY, INC., THE FOR-PROFIT SOCIAL ENTERPRISE THAT IS WHOLLY-OWNED BY THE GREYSTON FOUNDATION. IN ORDER TO DETERMINE JOSEPH KENNER'S TOTAL SALARY, THE BOARD OF DIRECTORS APPOINTED A SUB-COMMITTEE OF DIRECTORS, WHO CONSIDERED COMPARABLE SALARIES FOR SIMILAR SIZED ORGANIZATIONS, DISCUSSIONS WITH OUTSIDE RECRUITERS AND OTHER FACTORS SUCH AS LEVEL OF EXPERIENCE AND AREAS OF RESPONSIBILITY. IN 2022, APPROXIMATELY 50% OF MR. KENNER'S SALARY WAS ALLOCATED TO GREYSTON BAKERY, INC. BASED ON THE ESTIMATED TIME REQUIRED TO FULFILL HIS DUTIES WITH THIS ORGANIZATION. THE REVIEW OF MR. KENNER'S COMPENSATION IS CONDUCTED ANNUALLY, WITH THE FINAL RECOMMENDATIONS DOCUMENTED AND APPROVED BY THE ORGANIZATION'S BOARD OF DIRECTORS. ONLY THE CEO COMPENSATION IS DETERMINED BY THE BOARD. FOR THE OTHER MEMBERS OF THE EXECUTIVE TEAM, THE CEO ALONG WITH THE SENIOR HR LEADERS AND CONSULTATION WITH THE BOARD DETERMINE THE COMPENSATION. A NUMBER OF FACTORS ARE CONSIDERED INCLUDING COMPARABLE SALARIES FOR SIMILAR SIZED ORGANIZATIONS, DISCUSSIONS WITH OUTSIDE RECRUITERS AND OTHER FACTORS SUCH AS LEVEL OF EXPERIENCE, ETC. FORM 990, PART I, QUESTION 5, AND PART V, QUESTION 2A: THE ORGANIZATION CONTRACTED WITH A PROFESSIONAL EMPLOYER ORGANIZATION (PEO) FOR SERVICES, INCLUDING BUT NOT LIMITED TO, PAYROLL, TIMEKEEPING, EMPLOYEE BENEFITS, HR ADMINISTRATION AND WORKFORCE REGULATORY COMPLIANCE NEEDS. AS THE EMPLOYER OF RECORD FOR TAX PURPOSES, FORMS W-2 AND W-3 ARE ISSUED BY THE PEO AND FILED UNDER THE PEO'S FEDERAL EIN. IN THIS CO-EMPLOYMENT ARRANGEMENT, THE ORGANIZATION IS THE COMMON LAW EMPLOYER AND, ACCORDINGLY, COMPENSATION IS REPORTED ON FORM 990, PART VII, SECTION A AND PART IX, LINES 5-10. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD WAS PROVIDED A COPY OF THE RETURN TO REVIEW AFTER THE RETURN WAS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS APPLICABLE TO ALL BOARD MEMBERS, OFFICERS, AND MANAGEMENT EMPLOYEES OF THE FOUNDATION. ANYONE WHO BELIEVES THEY MAY HAVE A CONFLICT MUST DISCLOSE ALL MATERIAL FACTS TO THE BOARD OF DIRECTORS. AFTER DISCLOSURE OF THE CONFLICT AND ALL MATERIAL FACTS, AND AFTER DISCUSSION WITH THE INTERESTED PERSON, THE INTERESTED PERSON SHALL LEAVE THE MEETING AND THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING MEMBERS OF THE BOARD OF DIRECTORS OR COMMITTEE SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. IF THE BOARD OF DIRECTORS TAKES ACTION CONCERNING A FINANCIAL TRANSACTION OR ARRANGEMENT PREVIOUSLY REVIEWED BY A COMMITTEE, THE BOARD SHALL MAKE ITS OWN DETERMINATION OR AFFIRM THE DETERMINATION OF THE COMMITTEE AS TO WHETHER A CONFLICT OF INTEREST EXISTS. THE MINUTES OF THE BOARD OF DIRECTORS INCLUDING EACH COMMITTEE WITH BOARD DELEGATED POWERS AND EACH AUTHORIZED BODY OF THE FOUNDATION SHALL CONTAIN: (I) THE NAMES OF THE PERSONS WHO DISCLOSED OR OTHERWISE WERE FOUND TO HAVE A FINANCIAL INTEREST IN CONNECTION WITH AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE NATURE OF THE FINANCIAL INTEREST, ANY ACTION TAKEN TO DETERMINE WHETHER A CONFLICT OF INTEREST IN FACT EXISTED; AND (II) THE NAMES OF THE PERSONS WHO WERE PRESENT FOR DISCUSSIONS AND VOTES RELATING TO THE FINANCIAL TRANSACTION OR ARRANGEMENT, A SUMMARY OF THE DISCUSSION, INCLUDING ANY ALTERNATIVES TO THE PROPOSED FINANCIAL TRANSACTION OR ARRANGEMENT, AND A RECORD OF ANY VOTES TAKEN IN CONNECTION THEREWITH. EACH DIRECTOR AND OFFICER OF THE FOUNDATION, EACH MEMBER OF A COMMITTEE WITH POWERS DELEGATED BY THE BOARD OF DIRECTORS OF THE FOUNDATION, AND EACH MEMBER OF AN AUTHORIZED BODY OF THE FOUNDATION SHALL SIGN A STATEMENT ANNUALLY WHICH AFFIRMS THAT SUCH PERSON: (I) HAS RECEIVED A COPY OF THE POLICY AND PROCEDURES ON CONFLICT OF INTEREST; (II) HAS READ AND UNDERSTANDS THE POLICY AND PROCEDURES; (III) HAS AGREED TO COMPLY WITH THE POLICY AND PROCEDURES, AND (IV) UNDERSTANDS THAT THE FOUNDATION IS A CHARITABLE ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15 JOSEPH KENNER SERVES A DUAL ROLE AS CEO AND PRESIDENT OF GREYSTON FOUNDATION, AS WELL AS PRESIDENT OF GREYSTON BAKERY, INC., THE FOR-PROFIT SOCIAL ENTERPRISE THAT IS WHOLLY-OWNED BY THE GREYSTON FOUNDATION. IN ORDER TO DETERMINE JOSEPH KENNER'S TOTAL SALARY, THE BOARD OF DIRECTORS APPOINTED A SUB-COMMITTEE OF DIRECTORS, WHO CONSIDERED COMPARABLE SALARIES FOR SIMILAR SIZED ORGANIZATIONS, DISCUSSIONS WITH OUTSIDE RECRUITERS AND OTHER FACTORS SUCH AS LEVEL OF EXPERIENCE AND AREAS OF RESPONSIBILITY. IN 2022, APPROXIMATELY 50% OF MR. KENNER'S SALARY WAS ALLOCATED TO GREYSTON BAKERY, INC. BASED ON THE ESTIMATED TIME REQUIRED TO FULFILL HIS DUTIES WITH THIS ORGANIZATION. THE REVIEW OF MR. KENNER'S COMPENSATION IS CONDUCTED ANNUALLY, WITH THE FINAL RECOMMENDATIONS DOCUMENTED AND APPROVED BY THE ORGANIZATION'S BOARD OF DIRECTORS. ONLY THE CEO COMPENSATION IS DETERMINED BY THE BOARD. FOR THE OTHER MEMBERS OF THE EXECUTIVE TEAM, THE CEO ALONG WITH THE SENIOR HR LEADERS AND CONSULTATION WITH THE BOARD DETERMINE THE COMPENSATION. A NUMBER OF FACTORS ARE CONSIDERED INCLUDING COMPARABLE SALARIES FOR SIMILAR SIZED ORGANIZATIONS, DISCUSSIONS WITH OUTSIDE RECRUITERS AND OTHER FACTORS SUCH AS LEVEL OF EXPERIENCE, ETC. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION, FORM 990, FORM 1023, AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY. FORM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE OF GREYSTON FOUNDATION, INC. ASSUMES, FOR ALL OF ITS RELATED TAX EXEMPT ORGANIZATIONS, RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTING FIRM. THIS PROCESS DID NOT CHANGE FROM PRIOR YEAR. GREYSTON HEALTH SERVICES INC 21 PARK AVENUE YONKERS NY 10703 133668065 SUPPORT LOW-INCOME FAMILIES AND INDIVIDUALS NY 501(C)(3) LINE 7 GREYSTON FOUNDATION INC 1 23 PARK AVENUE LIMITED PARTNERSHIP 21 PARK AVENUE YONKERS NY 10570 133895618 LOW-INCOME HOUSING NY 23 PARK AVENUE INC RELATED 0 0 0.99900 104 ASHBURTON HOLDING CORPORATION 21 PARK AVENUE YONKERS NY 10703 300007791 HOLDING COMPANY NY GREYSTON FOUNDATION INC C 1.00000 1 GREYSTON BAKERY INC 104 ALEXANDER STREET YONKERS NY 10703 133456330 WHOLESALE BAKERY NY 104 ASHBURTON HOLDING CORPORATION C 0 23 PARK AVENUE INC 21 PARK AVENUE YONKERS NY 10703 133895615 GENERAL PARTNER IN 23 PARK AVENUE LIMITED PARTNERSHIP, INC. NY GREYSTON HEALTH SERVICES INC C 0 104 ASHBURTON PROPERTY CORPORATION 21 PARK AVENUE YONKERS NY 10703 300007785 REAL ESTATE NY 104 ASHBURTON HOLDING CORPORATION C 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 0 GREYSTON HEALTH SERVICES INC L COST