Fund for the City of New York
Legal name: Fund for the City of New York Inc
Overview
Mission
We are committed to improving the quality of life for underserved communities everywhere. We relentlessly and iteratively tackle challenges in the public and nonprofit sectors, employing problem-solving approaches rooted in proximate expertise, strategic adaptability, creative risk-taking, a growth mindset, and strengths-based approach. Scaling Our Model Reflected in our staff, the organizations we work with, and the initiatives we support, the Fund is committed to fostering an environment of equity, inclusion and multiculturalism. Reflected in our staff, the organizations we work with, and the initiatives we support, the Fund is committed to fostering an environment of equity, inclusion and multiculturalism. Fund for the City of New York Founded by the Ford Foundation in 1968, the Fund for the City of New York has worked with local government agencies and organizations to use...
What it reported doing in 2023
Core program created to respond to nonprofit challenges and opportunities facing nonprofit and public agencies that do not have immediate solutions; cash flow loan which annually provides loans to nonprofit organizations; sloan public service awards program which annually honors six unsung heros of New York city government and sloan awards program for excellence in teaching service and mathematics which honors seven teachers each year from nyc high schools. Center for youth and the future of work. In partnership with New York university (nyu), the fund's center for youth and the future of work serves as an "action tank" that provides research, evaluation, leadership training and development, as well as technical support.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 97% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
Nonprofit profile at a glance
- EIN
- 132612524
- IRS 990 coverage
- 2009–2023
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2023
- Headquarters
- New York, NY, United States
- Phone
- (212) 925 – 6675
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Community Foundations
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 93
- Transparency & Controls: 88
- Accountability: 87
- Sustainability: 59
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 91%; rating input score 91
- Program expense ratio: 97.6%; rating input score 98
- Fundraising efficiency: $136.4 raised per $1 spent on fundraising; rating input score 86; 86th percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 17th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 92.3%; rating input score 92; 25th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 85.7%; rating input score 86; 33rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 7.2%; rating input score 68; 68th percentile among comparable filings
- Total-asset coverage ratio: 2.77; rating input score 75; 75th percentile among comparable filings
- Liabilities to assets ratio: 0.48; rating input score 39; 39th percentile among comparable filings
- Officer compensation ratio: 11.1%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: 4.6% per year; rating input score 100; 39th percentile among comparable filings
- Revenue growth: 5.5% per year; rating input score 100; 50th percentile among comparable filings
- Asset growth: 6.8% per year; rating input score 100; 50th percentile among comparable filings
Details
- What they do: Mission, programs, and operating context captured from the official website.
- Where the money goes: 91% of revenue deployed · 97.6% of spending went to programs
- Governance: 6 of 7 board members independent · 8 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $60.6M in reported program spending
- Leadership: top reported pay $414K · 35 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $4.3M reported
- Consistency: 34 of 35 current checks pass · 1 finding to review
- Schedules: 9 filed schedules · includes major donors, grants, executive pay, and related organizations
- Filing history: 15 annual filings from 2009 to 2023
- Contacts: How to reach this organization
- Money network: 61 filed money-flow records
- Related organizations: 34 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Leadership & pay
35 people listed
Highest reported compensation
- LISETTE NIEVES (BOARD MEMBER/PRESIDENT): $413,664 total reported compensation
- FRED DEJOHN (CHIEF FINANCIAL OFFICER): $371,313 total reported compensation
- ALDRIN BONILLA (EXECUTIVE VICE PRESIDENT): $313,942 total reported compensation
Source: IRS Form 990. Selected filing: FY2023.