The New York Community Trust
Nonprofit profile at a glance
- EIN
- 133062214
- IRS 990 coverage
- 2016–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2020
- Location
- New York, NY, USA
- Phone
- (212) 686-0010
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Community Foundations
Reported finances
- Revenue
- $322,622,907
- Expenses
- $252,254,704
- Assets
- $3,517,968,264
- Liabilities
- $75,985,295
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
31 people listed
Executive titles in this filing
- AMY FREITAG (PRESIDENT)
- DAVID OKORN (EXECUTIVE DIRECTOR)
- LAURA ROSSI (EXECUTIVE DIRECTOR)
Highest reported compensation
- AMY FREITAG (PRESIDENT): $1,014,261 total reported compensation
- DOMINICK IMPEMBA (COFO & TREASURER): $580,992 total reported compensation
- CARRIE TROWBRIDGE (GENERAL COUNSEL & SECRETARY): $525,402 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
As New York’s community foundation, we foster and engage in enduring and innovative philanthropy with a vision for an equitable and thriving region for all New Yorkers (“For New York. Forever.”). > “We envision NYC as a national leader, where health care professionals are equipped to support mothers facing maternal mental health challenges to ensure they don’t suffer in silence and their children thrive.” Seema Bajaj, Submission to Our Votes, Our Vision, Our Community > “I’m a big believer in organizing, and being a donor at The Trust allows me to join with others to amplify my impact in the arts, education, and preserving history.”. > “I’m a big believer in organizing, and being a donor at The Trust allows me to join with others to amplify my impact in the arts, education, and preserving history.” Rocky Chin, NYC Human Rights Commissioner and Trust donor > “I help my clients ensure...
What it reported doing in 2024
Our competitive grants seek to promote healthy lives, expand opportunities, strengthen families, and create strong, vital communities. Our governing board has identified four categories of activity to carry out these objectives. They are summarized in schedule o.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Grant intermediary. The nonprofit sent 95% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 90
- Transparency & Controls: 78
- Accountability: 95
- Sustainability: 85
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 84.3%; rating input score 84
- Fundraising efficiency: $23.7 raised per $1 spent on fundraising; rating input score 61; 61st percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 25th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: 1 of 8 controls in place; rating input score 12
- Claims monitoring procedures: Pass
- Requires narrative reports: Fail
- Conducts field audits: Fail
- May suspend future funding: Fail
- Requires financial reports: Fail
- Conducts site visits: Fail
- Requires grant agreements: Fail
- May require repayment: Fail
- Grant itemization coverage: 86.6%; rating input score 87; 20th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 77th 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: 21.8%; rating input score 88; 88th percentile among comparable filings
- Total-asset coverage ratio: 13.95; rating input score 93; 93rd percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 93; 93rd percentile among comparable filings
- Officer compensation ratio: 2.6%; rating input score 44; 44th percentile among comparable filings
Growth
- Program expense growth: 0.6% per year; rating input score 100; 9th percentile among comparable filings
- Revenue growth: 4% per year; rating input score 100; 32nd percentile among comparable filings
- Asset growth: 3.4% per year; rating input score 100; 23rd percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: 100% of revenue deployed · 84.3% of spending went to programs
- Governance: 13 of 13 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $212.6M in reported program spending
- Leadership: top reported pay $1M · 31 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $10.6M reported
- Consistency: 39 of 41 current checks pass · 2 findings to review
- Schedules: 10 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
- Filing history: 8 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: 2765 filed money-flow records
- Related organizations: 2717 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Foreign activity oversight: 7 of 8 not reported.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- Moderate — Sustainability: Officer compensation ratio scored 44/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Transparency & Controls: Foreign grant itemization did not reconcile in the filed values.