2021-11-15T12:14:22-00:00 2020-12-31 Mitchell & Titus LLP 80 Pine Street New York NY 10005 990 2020-01-01 133056559 The Partnership for New York City Inc PART 2124937400 One Battery Park Plaza Room 5th fl New York NY 10004 Anthony Giugliano Chief Financial Officer 2021-11-11 false Anthony Giugliano Chief Financial Offi XXX-XX-XXXX Frederick Davis Jr P00446023 2127094500 2021-11-11 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z Kathryn Wylde One Battery Park Plaza 5th Floor New York NY 10004 23903896 false X pfnyc.org X 1980 NY See Schedule O 113 109 44 113 2040 200000 110000 7171979 7140480 1113096 1047526 -13868 -25564 8471207 8272442 290000 546425 0 4504102 3788751 0 0 2159042 2363302 6953144 6698478 1518063 1573964 41529609 46006061 4419459 4564810 37110150 41441251 X See Schedule O false false 2488172 Leadership and Outreach The Partnership is a nonprofit membership organization comprised of a select group of approximately two hundred fifty CEOs Partners from New York Citys top corporate, professional services and investment firms and representatives of the entrepreneurial and small business sector Associate Partners. Members work closely with government, labor and the nonprofit sector to enhance the economy, improve public education, and upgrade the infrastructure of New York. The Partnership holds more than 100 meetings each year with leaders of government, business, labor, and the civic sector. 617053 Government Affairs The Partnership is a resource to public sector decision-makers at the city, state and federal levels of government, providing expertise and advice on issues that affect economic growth, business development and job creation. 447171 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 2020, the Partnership assisted the New York City Department of Education on Career and Technical Education initiatives by increasing industry engagement. Career Discovery Week launched in 2020 as a joint initiative of the Partnership and the New York City Department of Education. The program targeted high school sophomores, giving them a glimpse into the world of business through a full-day of interactive workplace experiences and in-school programming led by corporate volunteers. Employers engaged students through career panels, workplace tours, workplace challenges, technology demonstrations, resume building workshops, interview workshops, speed networking and more. The program resulted in over 4,500 students from public high schools across all five boroughs being given an opportunity to learn about the varied industries and wide-ranging career possibilities available to them in the city and how to prepare for them. 826578 546425 4378974 false true false true false false false false true true false false false true true false true false false false false false false false false false true false true false false false false false true false false false false false true true true false true 17 0 true 44 true true true false false false true true false true false X 113 109 true false false false true true false true true false false true true true true true true true true false NY X Anthony Giugliano 2124937503 One Battery Park Plaza New York NY 10004 X Kathryn S Wylde President/CEO 046.00 004.00 X X 1281025 0 45789 Anthony Giugliano Chief Financial Officer 014.00 032.00 X 406076 0 35780 Rachel Haot Executive Director 040.00 X 298491 0 53059 Jennifer Fine Executive Vice President 040.00 X 300633 0 30397 Merrill Pond Senior Vice President 020.00 020.00 X 265205 0 41410 Adira Siman General Counsel 036.00 004.00 X 215500 0 39473 Michael Blaustein Vice President 038.00 002.00 X 202897 0 26779 William E Ford Co-Chair 000.20 X 0 0 0 Steven R Swartz Co-Chair 000.20 X 0 0 0 Deanna M Mulligan Vice Chair 000.20 X 0 0 0 Kevin P Ryan Vice Chair 000.20 X 0 0 0 George H Walker Treasurer 000.20 X 0 0 0 Sophia Hudson Ex Officio 000.30 X 0 0 0 Richard Jeanneret Ex Officio 000.30 X 0 0 0 Charles Weinstein Ex Officio 000.30 X 0 0 0 Lee S Ainslie III Director 000.10 X 0 0 0 Ellen Alemany Director 000.10 X 0 0 0 Robert Bakish Director 000.10 X 0 0 0 Ajay Banga Director 000.10 X 0 0 0 Neil Barr Director 000.10 X 0 0 0 Candace K Beinecke Director 000.10 X 0 0 0 Stephen Berger Director 000.10 X 0 0 0 William H Berkman Director 000.10 X 0 0 0 Leon Black Director 000.10 X 0 0 0 Michael W Blair Director 000.10 X 0 0 0 Jeff T Blau Director 000.10 X 0 0 0 Kathy Bloomgarden Director 000.10 X 0 0 0 Albert Bourla Director 000.10 X 0 0 0 John Bruckner Director 000.10 X 0 0 0 Martin S Burger Director 000.10 X 0 0 0 H Rodgin Cohen Director 000.10 X 0 0 0 Marc Cooper Director, as of 10/09/20 000.10 X 0 0 0 Michael L Corbat Director 000.10 X 0 0 0 Stacey Cunningham Director 000.10 X 0 0 0 Anthony J de Nicola Director 000.10 X 0 0 0 James Dimon Director 000.10 X 0 0 0 William R Dougherty Director 000.10 X 0 0 0 Brian Duperreault Director 000.10 X 0 0 0 Douglas Durst Director 000.10 X 0 0 0 Blair W Effron Director 000.10 X 0 0 0 Joel S Ehrenkranz Director 000.10 X 0 0 0 Catherine Engelbert Director 000.10 X 0 0 0 Hafize Gaye Erkan Director 000.10 X 0 0 0 Joseph R Ficalora Director 000.10 X 0 0 0 Laurence D Fink Director 000.10 X 0 0 0 Winston C Fisher Director 000.10 X 0 0 0 Alan H Fishman Director 000.10 X 0 0 0 Mark T Gallogly Director 000.10 X 0 0 0 Jeff Gennette Director 000.10 X 0 0 0 Daniel Glaser Director 000.10 X 0 0 0 Dexter Goei 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D Schnitzer Director 000.10 X 0 0 0 Alan D Schwartz Director 000.10 X 0 0 0 Stephen A Schwarzman Director 000.10 X 0 0 0 Suzanne Shank Director 000.10 X 0 0 0 Joshua Silverman Director 000.10 X 0 0 0 David M Solomon Director 000.10 X 0 0 0 Rob Speyer Director 000.10 X 0 0 0 Stephen Squeri Director 000.10 X 0 0 0 Robert K Steel Director 000.10 X 0 0 0 Charles Stewart Director 000.10 X 0 0 0 Paul J Taubman Director 000.10 X 0 0 0 James S Tisch Director 000.10 X 0 0 0 Paul Todd Director 000.10 X 0 0 0 Joseph Ucuzoglu Director, as of 11/15/19 000.10 X 0 0 0 Bridget van Kralingen Director 000.10 X 0 0 0 David Winter Director 000.10 X 0 0 0 Robert Wolf Director 000.10 X 0 0 0 David M Zaslav Director 000.10 X 0 0 0 Strauss Zelnick Director 000.10 X 0 0 0 2969827 272687 25 false true false Mitchell & Titus LLP 80 Pine Street New York NY 10005 Audit tax service 208000 1 100000 10000 110000 Membership dues 813910 7140480 7140480 7140480 857712 857712 27635 -27635 -27635 15793633 15603819 189814 189814 Miscellaneous revenue 900099 31 31 Support Service revenue 561000 2040 2040 2071 8272442 2040 7998223 546425 0 0 0 1916330 0 1738257 92897 -96605 137872 0 23012 186456 74350 121796 392760 13000 115909 120396 0 952023 29816 0 4689 2969 0 93832 93832 61189 Support Service Expenses 32362 Miscellaneous Expenses 138743 0 6698478 93832 2084996 4881206 561708 658663 60000 233985 317230 1553892 270537 630006 1283355 35940983 37017562 633586 622997 1384345 1225048 41529609 46006061 1530493 652231 58500 175000 2830466 3737579 4419459 4564810 X 36660926 40720760 449224 720491 37110150 41441251 41529609 46006061 X 1573964 3212204 -455067 X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false true 7140480 127822 -520420 -392598 135669 -528267 435421 125258 32591 528088 370000 164421 99000 435421 435295 -44660 20635 370000 371826 114795 51326 435295 359400 49426 37000 371826 0.70000 0.30000 false false 750834 37542 713292 803058 232995 570063 1283355 Financial derivatives and other financial products Closely-held equity interests Federal income taxes Deferred Rent 699192 Accrued Post-Retirement Benefits 2591827 Liability for investment held in trust for others 446560 3737579 X V 4 Earnings from the organizations endowment fund are used to support related programs. X 1. 1 Management has evaluated all entities tax positions and has concluded that the entities have no uncertain tax positions that require recognition in the accompanying consolidated financial statements or further disclosure in the notes to the consolidated financial statements. true New York City Partnership Foundation Inc One Battery Park Plaza New York NY 10004 133202011 501 c 3 546425 Civic engagement 1 X X X X X false true false Kathryn S Wylde President/CEO 881525 380000 19500 17100 28689 1326814 Anthony Giugliano Chief Financial Officer 355428 50648 17100 18680 441856 Jennifer Fine Executive Vice President 263133 37500 15000 15397 331030 Rachel Haot Executive Director 259866 38625 16511 36548 351550 Merrill Pond Senior Vice President 231455 33750 14427 26983 306615 Adira Siman General Counsel 196500 19000 11907 27566 254973 Michael Blaustein Vice President 187897 15000 11462 15317 229676 Part I Line 4b Kathryn Wylde participates in a nonqualified retirement plan with the New York City Investment Fund Manager, Inc., a related organization. During the year 2020, she did not receive any payments from the plan. Rudin Management Company Inc see Part V 834426 Office space lease false Rudin Management Company Inc see Part V 556093 Renovation costs false JP Morgan Chase & Co see Part V 121796 Investment service false JP Morgan Chase & Co see Part V 48746 Bank service fee false Part IV Line 1 William C. Rudin, a current director is Co-Chairman and CEO of Rudin Management Company, Inc. The business transaction with Rudin Management Company, Inc. is a fair market value lease transaction and is not a significant financial transaction to Rudin Management Company, Inc. Part IV Line 2 William C. Rudin, a current director is Co-Chairman and CEO of Rudin Management Company, Inc. The business transaction with Rudin Management Company, Inc. is a fair market value business transaction and is not a significant financial transaction to Rudin Management Company, Inc. Part IV Line 3 James Dimon, a current director is Chairman and CEO of JP Morgan Chase Co. The business transaction with JP Morgan Chase Co. is a fair market value business transaction and is not a significant financial transaction to JP Morgan Chase Co. Part IV Line 4 James Dimon, a current director is Chairman and CEO of JP Morgan Chase Co. The business transaction with JP Morgan Chase Co. is a fair market value business transaction and is not a significant financial transaction to JP Morgan Chase Co. Form 990, Part I, Line 1 The Partnership is a nonprofit membership organization comprised of business leaders who share a commitment to the economic well-being of New York City and State. Members work closely with government, labor and the nonprofit sector to advance policies and projects that support economic growth, improve public education, and upgrade the infrastructure. The Partnership is a resource to public sector decision-makers at the city, state, and federal levels of government, providing information and analysis in addition to expertise and advice on issues that affect economic growth, business development, and job creation. The Partnership conducts research, surveys, and analysis of issues and projects that will have an impact on the local and state economy. The products of its work are used to educate the public and policy-makers. Form 990, Part III, Line 4d Program Service Expenses 280,153, Grants and allocations 0, Revenue 0 Public Affairs In 2020, the Partnership launched our civic engagement initiative. We organized a voter education and civic engagement campaign to get the word out on upcoming municipal elections and key voter deadlines. We held webinars during the spring and throughout the 2020 summer with city officials for member company employees to participate in, and worked on efforts with member companies for the 2020 elections. Additionally, we worked on developing COVID-19 public service announcements to help stop the spread of the virus. Form 990, Part III, Line 4d Program Service Expenses 546,425, Grants and allocations 546,425, Revenue 0 Grants to Foundation Transit Innovation Partnership the TIP The Transit Innovation Partnership is a public-private initiative between the Metropolitan Transportation Authority the MTA and New York City Partnership Foundation, Inc. the Partnership with the mission to modernize and improve the operations of the MTA, including the New York City transit system. An advisory board of leaders from academia, business, civic organizations and government guides the TIP, which brings together diverse stakeholders to realize public-private projects that improve transit performance and customer service. The TIP introduced initiatives that enhance transit performance, customer service, workforce pipeline, process efficiency and revenue generation. Form 990, Part III, Line 1 The organizations mission is 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 and prosperity 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. Form 990, Part VI, Section A, Line 1a The Executive Committee is comprised of 30 members. Those members include the President CEO of the Partnership For New York City Inc., the Board Co-Chairs and Vice-Chairs, and members of the Board of Directors of the Partnership For New York City Inc. The Executive Committee has and exercises all the authority of the Board of Directors in the management of the business and affairs of the Corporation to the extent permitted by law except that the Executive Committee shall not have the authority as to the following matters a The submission to the members of any action requiring members approval by law, the Certificate of Incorporation or the By-Laws b The filling of vacancies in the Board of Directors or in any committee of the Board c The fixing of compensation of the Directors for serving on the Board or on any committee d The amendment or repeal of the By-Laws or the adoption of new By-Laws e The amendment or repeal of any resolution of the Board which by its terms shall not be so amendable or repealable f the election or removal of Directors or officers g the approval of a merger or a plan of dissolution involving the Corporation or h the approval of amendments to the Certificate of Incorporation. Form 990, Part VI, Section A, Line 2 Some members of the governing body have ongoing business relationships with each other through entities they have control over doing business with each other in the course of managing their professional and business interests. Form 990, Part VI, Section A, Line 6 There are three 3 classes of members of the organization Partners, Corporate Partners, and Associate Partners. The Board of Directors establishes the designation and characteristics of each class of members and the qualifications and rights of, and limitations upon, the members of each class. Partners direct the governance and committees of the organizations agenda. Corporate Partners participate in governance and agenda setting. Associate Partners are not entitled to vote on amendments to the organizations Certificate of Incorporation or By-Laws or on fundamental corporate changes e.g., merger, dissolution, etc. to the organization, except where such action affects the existing rights of the Associate Partners. Form 990, Part VI, Section A, Line 7a Partners and Corporate Partners elect the members of the Board. The number of Board members is currently 113. Form 990, Part VI, Section B, Line 11b Form 990 prepared by management and reviewed by the independent accountant is provided to the Audit Committee for review and discussion prior to being filed. The Audit Committee also reviews and accepts the organizations audited financial statements. After the Committee reviews the Form 990 with management and the independent accountant and their questions are answered, the independent accountant and Chief Financial Officer sign the Form. Form 990 is provided to the Executive Committee via email prior to filing with IRS. The Form is filed with the IRS before the final due date. Form 990, Part VI, Section B, Line 12c The organization issues a conflict of interest and code of ethics policy to all of its employees, and non-employee directors and officers, on an annual basis. All employees are required to disclose any actual or potential conflicts of interest and sign and return the policy statement to the Human Resources Department where the signed acknowledgments are kept on file. Policy statements signed and returned by non-employee directors and officers are kept on file in the Corporate Affairs Department. Written policies are established, updated annually, and distributed to employees outlining professional conduct that is expected of employees. Policies are broad enough to ensure that all perceived and potential conflicts are encompassed. Procedures require that conflicts of interest are reported to the organizations General Counsel. The General Counsel utilizes outside counsel for guidance on non-routine legal matters including determining potential conflicts of interest. In the event an employee conflict is determined, the General Counsel discusses the conflict with the President /CEO, who in turn would discuss the conflict with the Executive Committee of the Board of Directors. With respect to non-employee directors and officers, the Organizations Audit Committee oversees and monitors the Organizations Conflict of Interest Policy. The Committees duties in this regard shall include reviewing annually a summary and recommendations, if any, prepared by the General Counsel and the Chief Financial Officer of the Organization of the disclosures of all conflict of interest transactions presented to General Counsel and the Chief Financial Officer in accordance with the Organizations Conflict of Interest Policy and the Related Party Transaction rules of the New York State law. Form 990, Part VI, Section B, Line 15 The corporations Compensation Committee is an independent committee comprised of members of the Board of Directors. The Committee is comprised of individuals unrelated to and not subject to the control of management. The Committee members do not have any material financial interest in its transactions. The members do not receive compensation subject to managements approval. The committee engages a benefits consulting firm on an annual basis to prepare a competitive compensation analysis for the organizations CEO, officers and key employees prior to making its decision. The consultant reviews staff job descriptions and interviews those employees to gain a clear understanding of job responsibilities, compensation history, and the organization. The consultant collects pertinent data of comparable positions at peer organizations, and includes the information in a report to the Committee. The comparable data is compensation ordinarily provided by similarly situated organizations which are comparable in size, nature, and operations. The consultant also includes data that describes current year trends in overall staff compensation increases. The final report is provided to the Compensation Committee. The Committee maintains adequate and contemporaneous documentation. Terms of the Committees deliberations and its conclusions are agreed upon and recorded in writing prior to the date compensation changes are instituted. The documentation records the decision-making process and the actions of the Committee members. Form 990, Part VI, Section C, Line 19 Copies of financial statements, conflict of interest policy and governing documents are available to the public upon request. Form 990, Part VII, Section A, Line 1a The reportable compensation and other compensation include the allocated amount based upon estimated time spent providing administrative and program services to the related entities, the New York City Partnership Foundation, Inc. and the New York City Investment Fund Manager, Inc. Form 990, Part XI, Line 9 Other changes consist of 178,500 increase in 527f Political Action Committee cash account and 633,667 post-retirement loss other than periodic cost. New York City Partnership Foundation Inc One Battery Park Plaza New York NY 10004 133202011 public charity NY 501c3 7 N/A false Partnership for New York City PAC One Battery Park Plaza New York NY 10004 760720389 political action committee NY 527 N/A false Fund for New York's Future Inc One Battery Park Plaza New York NY 10004 421729265 promote NYC welfare NY 501c4 see Part VII true Coalition for New York's Future Inc One Battery Park Plaza New York NY 10004 274201240 promote NYS economy NY 501c4 see Part VII true Partnership for New York City Inc Federal PAC One Battery Park Plaza New York NY 10004 825386426 political action committee NY 527 N/A false New York City Investment Fund Manager Inc One Battery Park Plaza New York NY 10004 133905863 Portfolio investments NY see Part VII C Corp 1.00000 false false false true false false false false false false false false false false true true false false false false New York City Investment Fund Manager Inc o 2026202 New York City Investment Fund Manager Inc n 1630208 New York City Partnership Foundation Inc c 100000 New York City Partnership Foundation Inc n 361991 New York City Partnership Foundation Inc o 1295203 Part II Line 3 Direct controlling entity is filing organization, the Partnership for New York City, Inc. Part II Line 3 Direct controlling entity is the filing organization, the Partnership for New York City, Inc. Part IV Line 1 Direct controlling entity is the filling organization, the Partnership for New York City, Inc.