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The Mayor's Fund To Advance New York City

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 133783906 ✦ New york, NY ✦ Designated as a 501(c)(3)

Overview

What is The Mayor's Fund To Advance New York City?

The Mayor's Fund to Advance New York City is a nonprofit organization based in New York City, specifically at 253 Broadway, 6th Floor, New York, NY 10007. It functions as a bridge between the city government and the business, foundational, and philanthropic communities. The Mayor's Fund uniquely combines the reach of government with the flexibility of the private sector to support New Yorkers and the city, fostering innovative public-private partnerships to address critical city needs. Recently, they secured a $1.5 million grant to expand the implementation of two STEM-related initiatives, Exploring Futures and College Now for Careers, benefiting middle and high school students over the next three years.


Official website here: www.nyc.gov/fund

Is The Mayor's Fund To Advance New York City legitimate?

The Mayor's Fund To Advance New York City is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Mayor's Fund To Advance New York City submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $880,487
Professional Fundraising Fees: $0
Other Salaries and Wages: $196,061

For more financial information, click here


Official website here: www.nyc.gov/fund

What is the mission statement of The Mayor's Fund To Advance New York City?

The Mayor's Fund To Advance New York City functions as the primary bridge between New York City government and its business, foundational, and philanthropic communities. Uniquely positioned to combine the vast reach of government with the entrepreneurial spirit of the private sector, the Mayor's Fund forges innovative public-private partnerships to address critical city needs. By leveraging a deep well of civic goodwill, the organization supports New Yorkers and New York City, enhancing the city's ability to serve its residents. Through these collaborations, the Mayor's Fund aims to create meaningful change, enriching the lives of those within the city.


Official website here: www.nyc.gov/fund

Who is the CEO of The Mayor's Fund To Advance New York City?

Marcella Tillett is the Chair of The Mayor's Fund To Advance New York City.


Official website here: www.nyc.gov/fund

What is the revenue of The Mayor's Fund To Advance New York City?

The Mayor's Fund To Advance New York City's revenue in 2022 was $19,417,548.


Official website here: www.nyc.gov/fund

Who are the executives of The Mayor's Fund To Advance New York City and what are their salaries?

The average compensation at The Mayor's Fund To Advance New York City during 2022 was $76,896. There are 14 employees and 6 volunteers at The Mayor's Fund To Advance New York City.

Here are 12 key members and their salaries:

    Jorge Luis Paniagua Valle (Co-Executive Director)
  • Compensation: $161,958
  • Related: $0
  • Other: $38,548

    • Daniele Baierlein (Co-Executive Director (8 Months))
  • Compensation: $164,077
  • Related: $0
  • Other: $21,749

    • Brigit Beyea (Social Innovation Fund, Deputy Dir)
  • Compensation: $124,320
  • Related: $0
  • Other: $45,399

    • Leah Prestamo (Legal Counsel & Dir Of Prgms/Policy)
  • Compensation: $138,897
  • Related: $0
  • Other: $21,149

    • Sinead Keegan (Director Of Social Innovation Fund)
  • Compensation: $124,846
  • Related: $0
  • Other: $27,080

    • Chris Kelsaw (Director Of Finance And Operations)
  • Compensation: $112,638
  • Related: $0
  • Other: $29,398

    • Marcella J Tillett (Co-Executive Director (3 Months))
  • Compensation: $53,751
  • Related: $0
  • Other: $4,200

    • Sheena Wright (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bill Heinzen (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gary Jenkins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dawn Pinnock (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mir Bashar (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.nyc.gov/fund

    Where can I find the form 990 for The Mayor's Fund To Advance New York City?

    The The Mayor's Fund To Advance New York City’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.nyc.gov/fund

    Learn more at the official website: www.nyc.gov/fund

    Mission Statement of The Mayor's Fund To Advance New York City

    The Mayor's Fund to Advance New York City serves as a bridge between New York City's government and its business, foundational, and philanthropic communities. Uniquely positioned at the intersection of government and the private sector, this organization leverages the City's vast goodwill to support New Yorkers and New York City. By fostering innovative public-private partnerships, The Mayor's Fund addresses critical city needs with the financial backing of traditional philanthropy and private sector civic investors.

    In essence, The Mayor's Fund to Advance New York City is a catalyst for positive change in the City, using the unparalleled reach of government alongside the flexibility and entrepreneurial spirit of the private sector. Through its strategic initiatives, the organization supports New Yorkers in various ways, enhancing the City's ability to serve its residents effectively. By engaging city government and harnessing the power of the business community, The Mayor's Fund fosters a collaborative environment that benefits the city on multiple levels.

    Impact

    This information is meant to be a general summary of The Mayor's Fund To Advance New York City. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The Mayor's Fund To Advance New York City plays a significant role in leveraging public-private partnerships to address critical city needs and serve its residents. Through its collaborations with New York City's business, foundational, and philanthropic communities, the Mayor's Fund enhances the city's capacity to deliver public programs and initiatives. An example of its impact is securing a $1.5 million grant to expand STEM-related initiatives for middle and high school students over the next three years, demonstrating a commitment to improving educational opportunities for youth. This organization is uniquely positioned to combine governmental reach with private sector innovation, fostering innovative approaches to community improvement in New York City.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $216,408
  • Program Service Revenue: $0
  • Gross Receipts: $19,417,548

    • Assets and Liabilities:
  • Total Assets: $17,518,316
  • Total Liabilities: $2,238,907
  • Net Assets: $15,279,409
  • Organization Details

    Founding Year

    1994

    Principal Officer

    Marcella Tillett

    Main Address

    253 BROADWAY 6TH FL, NEW YORK, NY, 10007

    NTEE Category

    Code: S20Z - Community improvement

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