NEW YORK CITY ENERGY EFFICIENCY CORPORATION: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- NEW YORK CITY ENERGY EFFICIENCY CORPORATION (EIN 27-3731338)
- Tax period
- 2013-07-01 to 2014-06-30
- Filed
- 2015-03-16
- IRS object ID
- 201530779349301103
- Schema version
- 2013v4.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-03-16T14:10:29-05:00 | ReturnTs |
| Tax Period End | 2014-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 113518842 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARKS PANETH LLP | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 685 THIRD AVENUE | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10017 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 273731338 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NEW YORK CITY ENERGY EFFICIENCY CORPORATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NEWY | BusinessNameControlTxt |
| Phone | 2123124259 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1359 BROADWAY 19TH FLOOR | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10018 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SUSAN LEEDS | PersonNm |
| Person Title | CHIEF EXECUTIVE OFFICER | PersonTitleTxt |
| Phone | 2123124259 | PhoneNum |
| Signature | 2015-03-18 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LYONS ROBERT | PreparerPersonNm |
| PTIN | P00227472 | PTIN |
| Phone | 2125038800 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Principal Officer | SUSAN LEEDS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1359 BROADWAY 19TH FLOOR | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10018 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $2,314,579 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.NYCEEC.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2010 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | NYCEEC'S MISSION IS TO SUPPORT NEW YORK CITY'S ENERGY AND CLIMATE ACTION GOALS BY CATALYZING AN ENERGY EFFICIENCY RETROFIT FINANCING MARKET FOR PRIVATE BUILDING OWNERS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 8 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 8 | VotingMembersIndependentCnt |
| Total Employee | 10 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $4,173,210 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,504,006 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $285,441 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $800,111 | CYProgramServiceRevenueAmt |
| PY Investment Income | $7,403 | PYInvestmentIncomeAmt |
| CY Investment Income | $10,462 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $4,466,054 | PYTotalRevenueAmt |
| CY Total Revenue | $2,314,579 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,318,186 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,742,606 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $70,734 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,142,385 | PYOtherExpensesAmt |
| CY Other Expenses | $859,784 | CYOtherExpensesAmt |
| PY Total Expenses | $2,460,571 | PYTotalExpensesAmt |
| CY Total Expenses | $2,602,390 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,005,483 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$287,811 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $36,188,332 | TotalAssetsBOYAmt |
| Total Assets EOY | $37,718,485 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $2,343,908 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,673,715 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $33,844,424 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $35,044,770 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | NYCEEC'S MISSION IS TO SUPPORT NEW YORK CITY'S ENERGY AND CLIMATE ACTION GOALS BY CATALYZING AN ENERGY EFFICIENCY RETROFIT FINANCING MARKET FOR PRIVATE BUILDING OWNERS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $1,933,478 | ExpenseAmt |
| Revenue | $800,111 | RevenueAmt |
| Desc | NEW YORK CITY ENERGY EFFICIENCY CORPORATION ("NYCEEC" OR THE "CORPORATION") IS A NOT-FOR-PROFIT CORPORATION ORGANIZED IN FISCAL YEAR 2011 AS A COMPONENT UNIT OF THE CITY OF NEW YORK (THE "CITY") TO FURTHER THE CITY'S GREENHOUSE GAS REDUCTION PLANS BY FACILITATING ENERGY EFFICIENCY INVESTMENTS BY PRIVATE BUILDING OWNERS IN THE FIVE BOROUGHS THROUGH THE PROVISION OF ENERGY EFFICIENCY FINANCING PRODUCTS. ON OCTOBER 31, 2013, NYCEEC'S BOARD OF DIRECTORS VOTED TO CHANGE NYCEEC'S GOVERNANCE STRUCTURE. THE MAYOR OF NEW YORK CITY NO LONGER APPOINTS AND REMOVES DIRECTORS AT WILL AS HE DID PRIOR TO THIS VOTE, AND NYCEEC IS THEREFORE NO LONGER A COMPONENT UNIT OF THE CITY. THE NUMBER OF CITY-AFFILIATED EX-OFFICIO DIRECTORS HAS BEEN REDUCED TO TWO FROM THREE AND A BOARD MAJORITY, RATHER THAN THE MAYOR, ELECTS AND REMOVES DIRECTORS. NYCEEC IS A CONSULTANT TO THE CITY, AND THE SUB-RECIPIENT OF TWO FEDERAL GRANTS AWARDED TO THE CITY UNDER THE ENERGY EFFICIENCY AND CONSERVATION BLOCK GRANT ("EECBG") PROVISIONS OF THE AMERICAN RECOVERY AND REINVESTMENT ACT OF 2009 ("ARRA"). TO ACHIEVE ITS MISSION, NYCEEC'S STRATEGIC PLAN INCLUDES THE FOLLOWING GOALS: (1) DEVELOP IN-HOUSE CAPABILITIES THAT WILL PERMIT NYCEEC TO PLAY A CRITICAL ROLE IN CATALYZING RETROFIT FINANCING MARKETS, (2) PILOT VARIOUS FINANCING PRODUCTS THAT DEMONSTRATE THAT ENERGY EFFICIENCY IS A VIABLE INVESTMENT THAT CAN BE FINANCED IN VARIOUS PRIVATE BUILDING SECTORS THAT ARE SIGNIFICANT FROM THE PERSPECTIVE OF THE CITY'S GREENHOUSE GAS EMISSIONS REDUCTION GOALS AND (3) DEVELOP A NON-PROFIT ORGANIZATION WITH A BUSINESS MODEL THAT CAN BECOME FINANCIALLY SELF-SUSTAINING OVER TIME WITHOUT EXCESSIVE RELIANCE ON GRANT FUNDING.NYCEEC CONTINUES TO DEVELOP CORE IN-HOUSE CAPABILITIES TO MAKE CONSTRUCTION AND PERMANENT LOANS, PROVIDE CREDIT ENHANCEMENT, AND MANAGE BOTH ENERGY EFFICIENCY RETROFIT TECHNICAL AND REAL ESTATE FINANCE RISK. NYCEEC IS ENGAGED IN EDUCATING VARIOUS LENDING ORGANIZATIONS ABOUT OPPORTUNITIES TO FINANCE ENERGY EFFICIENCY PROJECTS WHILE ENCOURAGING BEST PRACTICES WITH RESPECT TO RETROFIT IMPLEMENTATION AND ONGOING PERFORMANCE MONITORING.NYCEEC'S ACTIVITIES ARE PRIMARILY FUNDED THROUGH TWO FEDERAL EECBG GRANTS AWARDED TO THE CITY UNDER THE EECBG PROVISIONS OF THE ARRA. NYCEEC'S ACTIVITIES ARE FURTHER FUNDED THROUGH SEVERAL PHILANTHROPIC GRANTS.OTHER SIGNIFICANT PROGRAM SERVICES ACCOMPLISHMENTS ARE AS FOLLOWS:1) NYCEEC HAS DEPLOYED IN CLOSED ENERGY EFFICIENCY FINANCING TRANSACTIONS OVER $33.7 MILLION. THIS IS GREATER THAN THE $31.4 MILLION AWARDED IN EECBG ARRA GRANTS FOR FINANCING AS NYCEEC IS REDEPLOYING FUNDS AS THEY ARE REPAID AND HAS RAISED ADDITIONAL CAPITAL FOR PROJECTS.2) NYCEEC HAS CLOSED A TOTAL OF NINETEEN TRANSACTIONS TO DATE.3) NYCEEC HAS DEVELOPED, MARKETED AND EXECUTED THREE FINANCIAL PRODUCTS AND DEVELOPED DEEP EE MARKET KNOWLEDGE IN THE PROCESS.4) NYCEEC HAS DEVELOPED BEST TECHNICAL PRACTICES FOR EE MORTGAGE LENDING PROGRAMS, INCLUDING DATA COLLECTION, MONITORING AND REPORTING PROTOCOLS.5) NYCEEC HAS RAISED $4.2 MILLION IN PRIVATE GRANT FUNDING TO DATE FROM NINE FOUNDATIONS.6) NYCEEC HAS BUILT AN ORGANIZATION WITH EE FINANCE DOMAIN AND ENGINEERING EXPERTISE PLUS FINANCING STRUCTURING ACUMEN, AND SOLID OPERATIONAL, GRANTS MANAGEMENT, FINANCIAL MANAGEMENT, CREDIT, ORIGINATION AND COMPLIANCE FUNCTIONS. | Desc |
| Total Program Service Expenses | $1,933,478 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 12 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 10 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 8 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 8 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FRED LEE - DIRECTOR OF LEGAL AFFAIRS AND FINANCE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6467974617 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1359 BROADWAY 19TH FLOOR | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10018 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| JEFFREY I BRODSKY | |||||||
| CHAIRPERSON | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| GARY HATTEM | |||||||
| SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| J GREGORY HALE | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| RENWICK PAIGE | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| TERRI LUDWIG | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| STEVEN CAPUTO | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DANIEL ZARRILLI | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| SERGEJ MAHNOVSKI | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| SUSAN LEEDS | |||||||
| PRESIDENT/CEO | 40.00 | Yes (X) | $193,558 | $0 | $25,407 | ||
| FREDERICK H LEE | |||||||
| VP/DIR. LEGAL AFFAIRS & FINANCE | 40.00 | Yes (X) | $160,463 | $0 | $9,655 | ||
| JAY MERVES | |||||||
| TREASURER/DIR. BUSINESS DEVELOPMENT | 40.00 | Yes (X) | $160,425 | $0 | $24,860 | ||
| CHRISTOPHER DIAMOND | |||||||
| DIR. ENGINEERING/TECHNICAL ANALYSIS | 40.00 | $142,965 | $0 | $7,977 | Yes (X) | ||
| JESSICA LUK | |||||||
| ASSOCIATE DIR. BUS. DEV./FINANCE | 40.00 | $136,921 | $0 | $3,757 | Yes (X) | ||
| FRANCES CONSTABLE | |||||||
| DIR. CLEAN HEAT FINANCE/BUS. DEV. | 40.00 | $135,047 | $0 | $23,432 | Yes (X) | ||
| CRYSTAL MAYANJA | |||||||
| ASSOCIATE DIRECTOR OF OPERATIONS | 40.00 | $121,808 | $0 | $17,095 | Yes (X) | ||
| LAUREN MACKSOUD | |||||||
| LEGAL ASSOCIATE | 32.00 | $110,707 | $0 | $935 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,161,894 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $113,118 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 8 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1 | CityContractorAddress/USAddress/City | StateContractorAddress/USAddress/State | ZIP CodeContractorAddress/USAddress/ZIPCode | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| NYC ECONOMIC DEVELOPMENT CORPORATION | |||||
| 110 WILLIAM STREET | NEW YORK | NY | 10038 | ADMINISTRATION AND SUPPORT | $332,944 |
| FORSYTH STREET ADVISORS | |||||
| 588 BROADWAY SUITE 1208 | NEW YORK | NY | 10012 | FINANCIAL ADVISORY | $274,175 |
| BURCHMAN TERRIO QUIST LLC | |||||
| 80 BROAD STREET 15TH FL | NEW YORK | NY | 10004 | ACCOUNTING | $122,598 |
| HR&A ADVISORS INC | |||||
| 99 HUDSON STREET 3RD FLOOR | NEW YORK | NY | 10013 | MARKETING & BUSINESS DEVELOPMENT | $106,867 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $864,006 | GovernmentGrantsAmt |
| All Other Contributions | $640,000 | AllOtherContributionsAmt |
| Total Contributions | $1,504,006 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| INTEREST FROM LOANS | 900099 | $740,017 | $740,017 |
| FEE INCOME | 900099 | $60,094 | $60,094 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $800,111 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $10,462 | TotalRevenueColumnAmt |
| Exclusion | $10,462 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,314,579 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $800,111 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $10,462 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $643,540 | TotalAmt |
| Program Services | $565,062 | ProgramServicesAmt |
| Management And General | $44,429 | ManagementAndGeneralAmt |
| Fundraising | $34,049 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $856,650 | TotalAmt |
| Program Services | $631,613 | ProgramServicesAmt |
| Management And General | $200,857 | ManagementAndGeneralAmt |
| Fundraising | $24,180 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,410 | TotalAmt |
| Program Services | $30,056 | ProgramServicesAmt |
| Management And General | $8,035 | ManagementAndGeneralAmt |
| Fundraising | $1,319 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $113,018 | TotalAmt |
| Program Services | $85,988 | ProgramServicesAmt |
| Management And General | $23,234 | ManagementAndGeneralAmt |
| Fundraising | $3,796 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $89,988 | TotalAmt |
| Program Services | $71,480 | ProgramServicesAmt |
| Management And General | $15,059 | ManagementAndGeneralAmt |
| Fundraising | $3,449 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $88,082 | TotalAmt |
| Program Services | $88,082 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $53,664 | TotalAmt |
| Management And General | $53,664 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $579,756 | TotalAmt |
| Program Services | $376,739 | ProgramServicesAmt |
| Management And General | $202,743 | ManagementAndGeneralAmt |
| Fundraising | $274 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,022 | TotalAmt |
| Program Services | $16,593 | ProgramServicesAmt |
| Management And General | $6,795 | ManagementAndGeneralAmt |
| Fundraising | $634 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $52,924 | TotalAmt |
| Program Services | $36,325 | ProgramServicesAmt |
| Management And General | $14,915 | ManagementAndGeneralAmt |
| Fundraising | $1,684 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,025 | TotalAmt |
| Program Services | $8,940 | ProgramServicesAmt |
| Management And General | $3,671 | ManagementAndGeneralAmt |
| Fundraising | $414 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,434 | TotalAmt |
| Program Services | $3,044 | ProgramServicesAmt |
| Management And General | $1,250 | ManagementAndGeneralAmt |
| Fundraising | $140 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,097 | TotalAmt |
| Program Services | $16,539 | ProgramServicesAmt |
| Management And General | $6,791 | ManagementAndGeneralAmt |
| Fundraising | $767 | FundraisingAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt | Program ServicesProgramServicesAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| PAYROLL PROCESSING FEES | $14,174 | $14,174 | ||
| MISCELLANEOUS | $5,606 | $2,561 | $3,017 | $28 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,602,390 | TotalAmt |
| Program Services | $1,933,478 | ProgramServicesAmt |
| Management And General | $598,178 | ManagementAndGeneralAmt |
| Fundraising | $70,734 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,699,263 | BOYAmt |
| EOY | $12,869,092 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,646,021 | BOYAmt |
| EOY | $7,843,692 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $992,122 | BOYAmt |
| EOY | $2,379,428 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $155,133 | BOYAmt |
| EOY | $122,278 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,180,630 | BOYAmt |
| EOY | $11,767,277 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,163 | BOYAmt |
| EOY | $13,573 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $227,579 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $4,434 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $223,145 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,500,000 | BOYAmt |
| EOY | $2,500,000 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $36,188,332 | BOYAmt |
| EOY | $37,718,485 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $399,251 | BOYAmt |
| EOY | $649,518 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,140,657 | BOYAmt |
| EOY | $576,292 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $300,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $804,000 | BOYAmt |
| EOY | $1,147,905 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,343,908 | BOYAmt |
| EOY | $2,673,715 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $291,044 | BOYAmt |
| EOY | $1,324,610 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,553,380 | BOYAmt |
| EOY | $33,720,160 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,844,424 | BOYAmt |
| EOY | $35,044,770 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $36,188,332 | BOYAmt |
| EOY | $37,718,485 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$287,811 | ReconcilationRevenueExpnssAmt |
| Prior Period Adjustments | $1,488,157 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $14,254,099 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $21,000,870 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,181,355 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,504,006 | CurrentTaxYearAmt |
| Total | $40,940,330 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $14,254,099 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $21,000,870 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,181,355 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,504,006 | CurrentTaxYearAmt |
| Total | $40,940,330 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $80,825 | SubstantialContributorsTotAmt |
| Public Support Total170 | $40,859,505 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $80 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $483 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,403 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $10,462 | CurrentTaxYearAmt |
| Total | $18,428 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $40,958,758 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $1,099,802 | GrossReceiptsRltdActivitiesAmt |
| First5 Years170 | Yes (X) | First5Years170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $196,677 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,576 | DepreciationAmt |
| Book Value | $193,101 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $30,902 | OtherCostOrOtherBasisAmt |
| Depreciation | $858 | DepreciationAmt |
| Book Value | $30,044 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $223,145 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | RESTRICTED DEPOSIT WITH NYCHDC | Desc |
| Book Value | $2,500,000 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $2,500,000 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| LOAN SERVICED ON BEHALF OF NYSERDA | $523,333 |
| ESCROWS DUE | $624,572 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,147,905 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $2,314,579 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $2,314,579 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $2,314,579 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $2,602,390 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $2,602,390 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $2,602,390 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | NYCEEC HAD NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2014 IN ACCORDANCE WITH FASB ACCOUNTING STANDARDS CODIFICATION TOPIC 740 ("INCOME TAXES"), WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. NYCEEC IS NO LONGER SUBJECT TO FEDERAL OR STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS ENDED BEFORE JUNE 30, 2011 | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SUSAN LEEDS | ||||||||||||||
| PRESIDENT/CEO | $193,558 | $0 | $0 | $0 | $0 | $0 | $5,183 | $0 | $20,224 | $0 | $218,965 | $0 | $0 | $0 |
| FREDERICK H LEE | ||||||||||||||
| VP/DIR. LEGAL AFFAIRS & FINANCE | $148,463 | $0 | $12,000 | $0 | $0 | $0 | $4,561 | $0 | $5,094 | $0 | $170,118 | $0 | $0 | $0 |
| JAY MERVES | ||||||||||||||
| TREASURER/DIR. BUSINESS DEVELOPMENT | $152,425 | $0 | $8,000 | $0 | $0 | $0 | $4,738 | $0 | $20,122 | $0 | $185,285 | $0 | $0 | $0 |
| CHRISTOPHER DIAMOND | ||||||||||||||
| DIR. ENGINEERING/TECHNICAL ANALYSIS | $122,965 | $0 | $20,000 | $0 | $0 | $0 | $3,850 | $0 | $4,127 | $0 | $150,942 | $0 | $0 | $0 |
| FRANCES CONSTABLE | ||||||||||||||
| DIR. CLEAN HEAT FINANCE/BUS. DEV. | $135,047 | $0 | $0 | $0 | $0 | $0 | $3,554 | $0 | $19,878 | $0 | $158,479 | $0 | $0 | $0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 4 | IN DECEMBER 2013, NYCEEC AMENDED ITS BYLAWS SUCH THAT THE MAYOR OF THE CITY OF NEW YORK IS NO LONGER THE SOLE CORPORATE MEMBER AND NO LONGER APPOINTS A MAJORITY OF NYCEEC'S BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 6 | EACH DIRECTOR IS ALSO A MEMBER. |
| FORM 990, PART VI, SECTION A, LINE 7A | NYCEEC IS GOVERNED BY A BOARD OF DIRECTORS AND ITS MEMBERSHIP INCLUDES PUBLIC OFFICIALS AND PRIVATE BUSINESS LEADERS. EACH DIRECTOR IS ELECTED BY A MAJORITY VOTE OF THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE CEO AND THE DIRECTOR OF LEGAL AFFAIRS AND FINANCE WILL REVIEW THE 990 AND THEN MAKE THE DOCUMENT AVAILABLE TO BOARD MEMBERS FOR FEEDBACK BEFORE THE DEADLINE FOR SUBMITTING THE 990. |
| FORM 990, PART VI, SECTION B, LINE 12C | A CONFLICT OF INTEREST DISCLOSURE STATEMENT WILL BE FURNISHED ANNUALLY TO THE BOARD BY EACH DIRECTOR AND OFFICER. THE DISCLOSURE STATEMENTS WILL BE REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS OR A COMMITTEE THEREOF. IN ADDITION, EACH DIRECTOR AND OFFICER MUST REPORT PROMPTLY TO THE CORPORATION ANY POTENTIAL CONFLICT OF INTEREST AS AND WHEN IT ARISES. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION FOR EACH EMPLOYEE IS ESTABLISHED BY THE CEO. THE CEO REVIEWS EACH EMPLOYEE'S COMPENSATION NOT LESS THAN ANNUALLY. IN REVIEWING EACH EMPLOYEE'S COMPENSATION, THE CEO SHALL CONSIDER THE EMPLOYEE'S POSITION, DURATION OF EMPLOYMENT, JOB PERFORMANCE (AS EVALUATED PURSUANT TO THE CORPORATION'S PERIODIC PERFORMANCE REVIEWS), AND THE FINANCIAL CONDITION OF THE CORPORATION. THE COMPENSATION ARRANGEMENT FOR THE CEO WAS NEGOTIATED ON AN ARMS-LENGTH BASIS. ANY CHANGES TO SUCH COMPENSATION WILL BE BASED ON REVIEW BY THE INDEPENDENT MEMBERS OF THE BOARD OF DIRECTORS OF APPROPRIATE COMPARABLE COMPENSATION DATA AND THEIR DETERMINATION WILL BE DOCUMENTED ON A TIMELY BASIS. EXCEPT FOR THOSE EMPLOYEES WHOSE MINIMUM WAGE IS REQUIRED TO BE FIXED PURSUANT TO SECTIONS 220 OR 230 OF THE NEW YORK STATE LABOR LAW OR BY SECTION 6-109 OF THE ADMINISTRATIVE CODE, ALL PERSONS EMPLOYED BY THE CORPORATION SHALL BE PAID, WITHOUT SUBSEQUENT DEDUCTION OR REBATE, UNLESS EXPRESSLY AUTHORIZED BY LAW, NOT LESS THAN THE MINIMUM WAGE PRESCRIBED BY LAW. MERIT PAYMENT RECOMMENDATIONS ARE REVIEWED AND APPROVED BY THE CEO OF THE CORPORATION AND, WITH RESPECT TO OFFICERS AND KEY EMPLOYEES, ARE APPROVED BY INDEPENDENT MEMBERS OF THE BOARD. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE NYCEEC POLICIES AND PROCEDURES DOCUMENT AND FINANCIAL STATEMENTS ARE AVAILABLE IN HARD COPY AT NYCEEC OFFICES IN ITS PUBLIC FILE, LOCATED AT 1359 BROADWAY, 19TH FLOOR, NEW YORK, NY 10018. THE NYCEEC FINANCIAL STATEMENTS ARE PUBLICLY AVAILABLE ON NYCEEC'S WEBSITE (WWW.NYCEEC.COM/PUBLIC). |
| FORM 990, PART IX, LINE 11G | FINANCIAL ADVISOR FEES: PROGRAM SERVICE EXPENSES 83,113. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 83,113. MARKETING SERVICES: PROGRAM SERVICE EXPENSES 168,863. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 168,863. PROJECT TECHNICAL CONSULTING: PROGRAM SERVICE EXPENSES 80,315. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 80,315. HUMAN RESOURCE CONSULTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 70,875. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 70,875. FISCAL AGENT SERVICE FEE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 117,816. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 117,816. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 44,448. MANAGEMENT AND GENERAL EXPENSES 14,052. FUNDRAISING EXPENSES 274. TOTAL EXPENSES 58,774. |
| PART XI, LINE 8 - PRIOR PERIOD ADJUSTMENTS: | NYCEEC WAS PREVIOUSLY CLASSIFIED AS AN "ENTERPRISE FUND" AS DEFINED BY THE GOVERNMENTAL ACCOUNTING STANDARDS BOARD ("GASB"). IN FISCAL YEAR 2014, NYCEEC TRANSITIONED ITS BASIS OF PRESENTATION FROM GASB STANDARDS TO FASB STANDARDS AS THE CITY NO LONGER HAS FINANCIAL ACCOUNTABILITY OVER NYCEEC AND, DUE TO CHANGES IN NYCEEC'S BYLAWS, THE CITY NO LONGER APPOINTS A MAJORITY OF NYCEEC'S BOARD OF DIRECTORS. THIS CHANGE IN ACCOUNTING STANDARDS CAUSED AN INCREASE IN THE BEGINNING NET ASSETS OF $1,488,157 DUE TO THE RECOGNITION OF PLEDGES AND COMMITMENTS NOT RECOGNIZED UNDER GASB STANDARDS. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NYCEEC FUEL CONVERSION RECEIVABLES LLC | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 110 WILLIAM STREET | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10038 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 300740142 | EIN |
| Primary Activities | PARTICIPATE IN A $10 MILLION LOAN FACILITY | PrimaryActivitiesTxt |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Total Income | $974 | TotalIncomeAmt |
| End Of Year Assets | $0 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NEW YORK CITY ENERGY EFFICIENCY CORPORATION | BusinessNameLine1 |