2020-11-16T16:43:48-06:00 2019-12-31 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2019-01-01 134020446 NYC & COMPANY FOUNDATION INC NYC& 2124841255 810 SEVENTH AVENUE 3RD FLOOR NEW YORK NY 10019 RICHARD LOVATT TREASURER 2124841255 2020-11-16 1 GARRETT M HIGGINS P00543209 2122862600 2020-11-16 47.18.172.68 2020-11-16 16:01:59 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 5DA95DB661BFBF1E1CC10393D0405B5901069AC8 2019 2021-01-29 14:40:06Z FRED DIXON 810 SEVENTH AVENUE 3RD FLOOR NEW YORK NY 10019 604020 0 X N/A X 1998 NY TO SUPPORT AND PROMOTE NEW YORK CITY'S CULTURAL INSTITUTIONS, HISTORIC LANDMARKS, AND HERITAGE ORGANIZATIONS AND SITES ACROSS ALL FIVE BOROUGHS OF NEW YORK CITY, WITH A VIEW TO BENEFIT THE COMMUNITY AND ENHANCE THE CITY'S WORLDWIDE IMAGE. 4 3 0 3 0 0 510980 522520 0 0 0 0 -47707 -155804 463273 366716 347429 410500 0 0 0 0 0 0 6580 65013 64328 412442 474828 50831 -108112 694911 1089693 23745 526639 671166 563054 TO SUPPORT AND PROMOTE NEW YORK CITY'S CULTURAL INSTITUTIONS, HISTORIC LANDMARKS, AND HERITAGE ORGANIZATIONS AND SITES, WITH A VIEW TO BENEFIT THE COMMUNITY AND ENHANCE THE CITY'S WORLDWIDE IMAGE. 0 0 325500 325500 BOROUGH GRANT PROGRAM/CONTRIBUTIONS:CONTRIBUTING MONEY TO SPECIFIC COMMUNITY PROGRAMS IN NEW YORK CITY'S FIVE BOROUGHS WHICH CAN DRIVE TOURISM. TYPICAL ANNUAL CONTRIBUTION CIRCA $320-$350K FUNDING APPROXIMATELY 60 PROGRAMS ACROSS THE FIVE BOROUGHS. 85000 85000 EDUCATION AND CHARITABLE ORGANIZATION CONTRIBUTIONS:THE FOUNDATION ADMINISTERS A GRANT PROGRAM TO ASSIST NEW YORK CITY'S NON PROFIT ARTS AND CULTURAL ORGANIZATIONS IN THE DEVELOPMENT OF CULTURAL TOURISM RELATED PROJECTS DESIGNED TO ATTRACT VISITORS. THE FOUNDATION FOCUSES ON EDUCATING DOMESTIC AND INTERNATIONAL MARKETS ABOUT THE CULTURAL OPPORTUNITIES AVAILABLE THROUGHOUT NEW YORK CITY. THE FOUNDATION ALSO MAKE CONTRIBUTIONS TO OTHER 501(C)(3) ORGANIZATIONS TO SUPPORT THEIR ORGANIZATION'S MISSION AND SCHOLARSHIPS FUNDS. 41973 Z-CARDS/CULTURE SPOT:PROVISION OF FREE FOLD OUT MAPS ('Z-CARDS') TO LOCAL RESIDENTS AND TOURISTS HIGHLIGHTING THE CITY'S CULTURAL INSTITUTIONS AND OPPORTUNITIES AND HOW TO GET TO THEM. TYPICAL COST CIRCA $100K. 452473 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 4 3 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 NY X X RICHARD LOVATT 2124841200 810 SEVENTH AVENUE 3RD FLOOR NEW YORK NY 10019 FRED DIXON PRESIDENT 1.00 39.00 X X 0 616505 22711 RICHARD LOVATT TREASURER 1.00 39.00 X 0 274412 31953 BRYAN GRIMALDI FORMER SECRETARY/TREASURER 0.00 X 0 325666 16580 HAROLD HOLZER SECRETARY 1.00 X X 0 0 0 CHARLES FLATEMAN DIRECTOR 1.00 X 0 0 0 EMILY RAFFERTY DIRECTOR 1.00 X 0 0 0 0 1216583 71244 0 1 1 0 0 520000 2520 522520 81500 520000 237304 -155804 -155804 366716 0 0 -155804 410500 410500 12925 12925 2850 2850 6580 6580 CULTURAL PROMOTIONS 41973 41973 474828 452473 15775 6580 534452 903193 79071 186500 81388 0 694911 1089693 23745 24390 0 502249 23745 526639 X 671166 563054 671166 563054 694911 1089693 -108112 0 X X 0 1 X 0 0 X 640960 666505 493920 510980 522520 2834885 640960 666505 493920 510980 522520 2834885 493605 2341280 2834885 8588 0.82590 0.88480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE FROM NYC & COMPANY, INC. 502249 502249 X 754020 150000 237304 387304 366716 0 366716 862132 150000 237304 387304 474828 0 474828 PART X, LINE 2: U.S. GAAP REQUIRES EVALUATION OF TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNITION OF A LIABILITY IN THE FINANCIAL STATEMENTS IF THE FOUNDATION HAS TAKEN UNCERTAIN TAX POSITIONS THAT MORE LIKELY-THAN-NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES. AS OF DECEMBER 31, 2019, THE FOUNDATION HAS DETERMINED THAT IT HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. AS OF DECEMBER 31, 2019, TAX YEARS FOR ALL YEARS SINCE DECEMBER 31, 2016 REMAIN OPEN TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING DIRECT EXPENSE REPORTED ON PART VIII, LINE 8B 237,304. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING DIRECT EXPENSE REPORTED ON PART VIII, LINE 8B 237,304. GALA 601500 520000 81500 79203 128936 2740 26425 601500 520000 81500 79203 128936 2740 26425 237304 -155804 1 BRONX OVERALL ECONOMIC DEVELOPMENT CORP DEVELOPMENT CORPORATION BRONX NY 10451 133079387 501(C)(3) 55000 2019 PROJECTS ONE BROOKLYN FUND INC 209 JORALEMON STREET BROOKLYN NY 11201 465189061 501(C)(3) 55000 2019 ARTS AND CULTURE PROJECT STATUE OF LIBERTY - ELLIS ISLAND FOUNDATION INC 17 BATTERY PLACE SUITE 210 NEW YORK NY 10004 133118415 501(C)(3) 50000 GENERAL OPERATIONS CITY PARKS FOUNDATION ATTN ALICIA RAEBURN CORP PROG MGR NEW YORK NY 10065 133561657 501(C)(3) 35000 QUEENS SUMMER STAGE BROOKLYN ARTS COUNCIL 20 JAY STREET STE 616 BROOKLYN NY 11201 237072915 501(C)(3) 25000 2019 ARTS AND CULTURE PROJECT MAYOR'S FUND TO ADVANCE NY 253 BROADWAY 8TH FLOOR NEW YORK NY 10007 133783906 501(C)(3) 25000 THE MAYOR'S INDUSTRY FUND FOR 2019 QUEENS ECONOMIC DEVELOPMENT CORP 120-55 QUEENS BOULEVARD KEW GARDENS NY 11424 112436149 501(C)(3) 20000 2019 HAPPY ANNIVERSAY PROJECT PS1 CONTEMPORATY ART CENTER INC 22-25 JACKSON AVENUE LONG ISLAND CITY NY 11101 237379091 501(C)(3) 11000 MARKETING CAMPAIGN JAMAICA CENTER FOR ARTS & LEARNING (JCAL) 161-04 JAMAICA AVENUE JAMAICA NY 11432 112478709 501(C)(3) 8000 2019 JCAL PUBLIC PROGRAMS QUEENS THEATRE IN THE PARK 14 UNITED NATIONS AVE SOUTH QUEENS NY 11368 113381629 501(C)(3) 8000 2019 SPRING SEASON PROJECT STATEN IS CHAMBER OF COMMERCE FOUNDINC COMMERCE FOUNDATION INC STATEN ISLAND NY 10301 134069282 501(C)(3) 6100 VISIT S.I. BROCHURES THALIA SPANISH THEATRE 41-17 GREENPOINT AVENUE SUNNYSIDE NY 11104 237448611 501(C)(3) 6000 MARKETING CAMPAIGN DANCE ENTROPY INC 37-24 24TH STREET SUITE 302 LONG ISLAND CITY NY 11101 204388158 501(C)(3) 5500 2019 ENTROPY/MKTG.GREENSPACE 13 0 PART I, LINE 2: CRITERIA USED TO AWARD THE GRANTS OR ASSISTANCE- THERE ARE GUIDELINES FOR PROPOSAL SUBMISSION, WHICH INCLUDE PROJECT BUDGET FOR BOROUGH GRANTS AND ALL APPLICATIONS MUST INCLUDE THE APPLICANT ORGANIZATION'S 501(C)(3) TAX EXEMPT CERTIFICATION. PROCEDURES FOR MONITORING THE USE OF THE GRANT FUNDS- ALL GRANTEES MUST SUBMIT A POST PROGRAM REPORT DETAILING THE USE OF THE FUNDS. 1 0 0 0 0 0 0 0 0 FRED DIXON PRESIDENT 0 517905 0 98600 0 0 0 8100 0 14611 0 639216 0 0 RICHARD LOVATT TREASURER 0 274412 0 0 0 0 0 0 0 31953 0 306365 0 0 BRYAN GRIMALDI FORMER SECRETARY/TREASURER 0 166050 0 0 0 159616 0 4299 0 12281 0 342246 0 0 PART I, LINE 3 THE COMPENSATION OF THE PRESIDENT IS DETERMINED BY THE BOARD OF NYC & COMPANY, INC. (PARENT). THE BOARD VOTES ON THE EMPLOYMENT, COMPENSATION AND OTHER TERMS AND CONDITIONS OF EMPLOYMENT, OF THE PRESIDENT. COMPENSATION DATA FROM SIMILARLY SITUATED NON-PROFIT ORGANIZATIONS IS UTILIZED AS PART OF THE REVIEW PROCESS. PART I, LINE 4A PURSUANT TO THE TERMS AND CONDITIONS STIPULATED IN FORMER SECRETARY/TREASURER BRYAN GRIMALDI'S SEVERANCE AGREEMENT, NYC & COMPANY, INC. (PARENT) PAID SEVERANCE TO BRYAN GRIMALDI IN THE AMOUNT OF $112,134 IN 2019. THIS PAYMENT WAS TREATED AS TAXABLE COMPENSATION. FORM 990, PART VI, SECTION A, LINE 3 THE FOUNDATION HAS AN ARRANGEMENT WITH NYC & COMPANY, INC, A RELATED NON-PROFIT ORGANIZATION, WHEREBY CERTAIN ADMINISTRATIVE SERVICES ARE PROVIDED TO THE FOUNDATION BY NYC & COMPANY EMPLOYEES. THE FEE FOR THESE SERVICES WAS WAIVED IN 2019 FOR WHICH THE ESTIMATE OF SUCH SERVICES RENDERED WAS $150,000. FRED DIXON, PRESIDENT AND RICHARD LOVATT, TREASURER, WERE COMPENSATED BY NYC & COMPANY, INC. FORM 990, PART VI, SECTION A, LINE 8B THE BOARD ACTED AS A WHOLE ON ALL MATTERS AND NO COMMITTEES WERE APPOINTED DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE ORGANIZATION'S TREASURER PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS AND OFFICERS OF NYC & COMPANY FOUNDATION ARE REQUIRED TO DISCLOSE IN WRITING ANY DIRECT OR INDIRECT FINANCIAL INTEREST THAT HE OR SHE HAS OR REASONABLY EXPECTS TO HAVE IN ANY PROPOSED OR EXISTING CONTRACT OR TRANSACTION WITH THE ORGANIZATION, OR IN ANY MATTER UNDER CONSIDERATION BY THE ORGANIZATION. FOLLOWING FULL DISCLOSURE OF A POSSIBLE CONFLICT OF INTEREST, THE GENERAL COUNSEL OF THE CORPORATION SHALL DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS, AND IF SO, OPINE TO THE BOARD OF DIRECTORS WHETHER TO REJECT OR AUTHORIZE THE TRANSACTION OR TAKE ANY OTHER ACTION DEEMED NECESSARY TO ADDRESS THE CONFLICT AND PROTECT NYC & COMPANY FOUNDATION'S BEST INTERESTS. THE BOARD OF DIRECTORS SHALL REVIEW THE MATTER AND SHALL TAKE SUCH ACTION AS IS REASONABLE AND NECESSARY UNDER THE POLICY AND RELEVANT LAW. ANY WRITTEN DISCLOSURE AND THE RESOLUTION IS TO BE DOCUMENTED IN ORGANIZATION RECORDS, INCLUDING MINUTES OF ANY MEETING WHERE THE CONFLICT IS DISCUSSED OR VOTED ON. AN INTERESTED BOARD MEMBER, OFFICER, OR STAFF MEMBER SHALL NOT PARTICIPATE IN ANY DISCUSSION OR DEBATE OF THE BOARD OF DIRECTORS IN WHICH THE SUBJECT OF DISCUSSION IS A CONTRACT, TRANSACTION, OR SITUATION IN WHICH THERE MAY BE A PERCEIVED OR ACTUAL CONFLICT OF INTEREST. INDIVIDUALS ARE REQUIRED TO FILL OUT, SIGN AND DATE AN "ANNUAL CONFLICTS QUESTIONNAIRE." FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE FORM 990 IS ALSO AVAILABLE AT GUIDESTAR.ORG FORM 990, PART XII, LINE 2C: THE FULL BOARD ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. NYC & COMPANY INC 810 SEVENTH AVENUE - THIRD FLOOR NEW YORK NY 10019 135531178 PROMOTION NY 501(C)(6) N/A N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0