The Partnership for New York City Inc

Nonprofit profile at a glance

EIN
133056559
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
New York, NY, USA
Phone
2124937400
Rating
80
Verdict
STRONG
Rating confidence
Standard

Reported finances

Revenue
$11,595,751
Expenses
$10,100,017
Assets
$62,829,097
Liabilities
$10,577,201

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

129 people listed

Executive titles in this filing

  • KATHRYN S WYLDE (PRESIDENT/CEO)
  • MARIA GOTSCH (PRESIDENT)
  • MERRILL POND (EXECUTIVE VICE PRESIDENT)
  • JENNIFER FINE (EXECUTIVE VICE PRESIDENT)
  • ERIN JUREW (SENIOR VICE PRESIDENT)
  • STACEY MATLEN (SENIOR VICE PRESIDENT)

Highest reported compensation

  • KATHRYN S WYLDE (PRESIDENT/CEO): $1,692,901 total reported compensation
  • MARIA GOTSCH (PRESIDENT): $879,504 total reported compensation
  • ANTHONY GIUGLIANO (CHIEF FINANCIAL OFFICER): $495,385 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

(a) the development, stimulation, encouragement, improvement and promotion of the business climate in New York city; (b) the fostering of trade and commerce in New York city and the promotion of the general welfare andprosperity of New York city; (c) the promotion of a better and more responsive New York city government; and (d) the development, stimulation, encouragement, improvement and promotion of civic, cultural and social activities and programs of New York city and the development and improvement of the quality of life in New York city.

What it reported doing in 2024

Research and policy: the partnership conducts research, surveys, and analysis of issues and projects that will have an impact on the local and state economy. In 2024, the partnership continued to assist the New York city public schools (nycps) on career-connected learning initiatives by increasing industry engagement overall. The partnership holds a leadership role on the citywide student pathways advisory council, which provides industry input into curriculum, policy recommendations to support career-connected learning and acts as an ongoing resource for nycps. In 2024, the partnership also focused on supporting the work in education and workforce development that individual member companies are already undertaking.

Operating model

Revenue model
Earned-program. 79% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% 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.

The verdict

STRONG - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 59
  • Transparency & Controls: 95
  • Accountability: 98
  • Sustainability: 67
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 57.2%; rating input score 57
  • Program expense ratio: 73.5%; rating input score 73
  • Fundraising efficiency: $7.14 raised per $1 spent on fundraising; rating input score 29; 29th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 97.2%; rating input score 97; 31st percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 12.9%; rating input score 73; 73rd percentile among comparable filings
  • Total-asset coverage ratio: 6.22; rating input score 87; 87th percentile among comparable filings
  • Liabilities to assets ratio: 0.17; rating input score 63; 63rd percentile among comparable filings
  • Officer compensation ratio: 47.1%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: 21.7% per year; rating input score 100; 91st percentile among comparable filings
  • Revenue growth: 8.6% per year; rating input score 100; 68th percentile among comparable filings
  • Asset growth: 7.7% per year; rating input score 100; 53rd percentile among comparable filings

Details

  • Where the money goes: 57.2% of revenue deployed · 73.5% of spending went to programs
  • Governance: 106 of 109 board members independent · 9 of 9 filing controls reported
  • Programs: 5 filed program accomplishments · $7.4M in reported program spending
  • Leadership: top reported pay $1.7M · 129 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $2M reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 7 filed schedules · includes major donors, executive pay, and related organizations
  • Filing history: 4 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 5 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 57/100.
  • High — Financial Efficiency: Fundraising efficiency scored 29/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.