New York City Family Enterprise Center Inc
Nonprofit profile at a glance
- EIN
- 472578349
- IRS 990-EZ coverage
- 2014–2020
- Forms available
- Form 990-EZ 2020
- Location
- New York, NY, USA
- Phone
- 2128838332
- Rating
- 48
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Management & Technical Assistance
Reported finances
- Revenue
- $3,807
- Expenses
- $6,633
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- WARNER KING BABCOCK (BOARD MEMBER, PRESIDENT & CEO)
People named in this filing
- WARNER KING BABCOCK (BOARD MEMBER, PRESIDENT & CEO)
- ANTHONY DE FILIPPIS (BOARD MEMBER, TREASURER)
- CHRISTOPHER SUGAHARA (BOARD MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Nyfec's approach is to provide an advanced and comprehensive center dedicated to educating nyc family enterprises, family members, board members, management, shareholders, trustees and key constituencies.
What it reported doing in 2020
Educating nyc family enterprises , family members, board members, management, shareholders, trustees and key constituencies.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 88% of its reported program spending out as grants.
The verdict
MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 24
- Transparency & Controls: 82
- Sustainability: 14
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 27.8%; rating input score 28
- Program expense ratio: 16%; rating input score 16
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -74.2%; rating input score 15; 15th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 4% per year; rating input score 100; 73rd percentile among comparable filings
- Revenue growth: -7.2% per year; rating input score 0; 40th percentile among comparable filings
- Asset growth: 5.5% per year; rating input score 100; 58th percentile among comparable filings
Details
- Where the money goes: 27.8% of revenue deployed · 16% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $1K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 7 filing years from 2014 to 2020
- Contacts: How to reach this organization
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 28/100.
- High — Financial Efficiency: Program expense ratio scored 16/100.
- High — Sustainability: Operating margin scored 15/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.