NEW YORK FOUNDATION FOR THE ARTS INC Charity Report

Public IRS 990 nonprofit record

NEW YORK FOUNDATION FOR THE ARTS INC

EIN 23-7129564 · Arts, Culture & Humanities (A120)

What they do

ESTABLISHED IN 1971, THE MISSION of THE NEW YORK FOUNDATION for THE ARTS (NYFA) is to EMPOWER ARTISTS IN ALL DISCIPLINES, AS WELL AS CULTURAL WORKERS, to ACHIEVE SUCCESS ON THEIR OWN TERMS BY PROVIDING CRITICAL SUPPORT, RESOURCES, and OPPORTUNITIES. NYFA ENVISIONS A WORLD WHERE ARTISTS THRIVE IN THE PRACTICE and EXPRESSION of THEIR CREATIVE WORK, A WORLD THAT CELEBRATES and SUPPORTS THEM. WE SERVE APPROXIMATELY 1M CONSTITUENTS IN PERSON and ONLINE, ANNUALLY, THROUGH FOUR FLAGSHIP PROGRAMS: LEARNING, AWARDS & GRANTS, FISCAL SPONSORSHIP, and ONLINE RESOURCES.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $91.30 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders33 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

65.80%of revenue went to mission work91.3% of expenses · Program services

2.51%of revenue went to fundraising3.5% of expenses

$72.05spent for every $100 of revenueRevenue covered expenses this year.

3.74%of revenue went to management and office costs5.2% of expenses

$1.32in assets for every $1 spent this yearSome assets cannot be spent right away.

91.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $480,110 for MICHAEL L ROYCE (CHIEF EXECUTIVE OFFICER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$24,166,286

Mission workProgram services$15,902,58365.80% of revenue91.3% of expenses

ManagementOffice and general costs$904,4403.74% of revenue5.2% of expenses

FundraisingAsking for donations$605,5692.51% of revenue3.5% of expenses

Revenue left after expensesReported annual surplus$6,753,69427.95% of revenueShown in gray on the chart

Total expenses$17,412,59272.05% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 91.3% mission · 5.2% management · 3.5% fundraisingTotal expenses: 72.05% of revenue

2023Expense mix: 87.6% mission · 6.8% management · 5.6% fundraisingTotal expenses: 84.30% of revenue

2022Expense mix: 91.8% mission · 4.6% management · 3.6% fundraisingTotal expenses: 103.27% of revenue

2021Expense mix: 94.8% mission · 2.6% management · 2.6% fundraisingTotal expenses: 92.10% of revenue

2020Expense mix: 87.8% mission · 6.8% management · 5.5% fundraisingTotal expenses: 88.04% of revenue

2019Expense mix: 87.6% mission · 6.5% management · 6.0% fundraisingTotal expenses: 98.95% of revenue

2018Expense mix: 86.8% mission · 6.4% management · 6.9% fundraisingTotal expenses: 99.43% of revenue

2017Expense mix: 85.7% mission · 6.9% management · 7.4% fundraisingTotal expenses: 106.11% of revenue

Money in and money out

Revenue$24,166,286

Expenses$17,412,592

Annual surplus $6,753,694 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$15,902,583 · 91.3% of expenses

Management and office costs$904,440 · 5.2% of expenses

Fundraising$605,569 · 3.5% of expenses

See all reported dollar amounts

Revenue$24,166,286

Expenses$17,412,592

Assets$22,978,788

Income$25,737,490

Contributions$22,029,724

Mission work (program services)$15,902,583

Fundraising$605,569

Grants given$6,477,814

Average grant$77,117

Management and general$904,440

Executive compensation (total)$509,913

Stocks and bonds$9,268,179

Accounting fees$31,038

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

MICHAEL L ROYCECHIEF EXECUTIVE OFFICER · 60 hrs/week $480,110Base $468,091 · Other $12,019

SEBASTIANO VITALE DIRECTOROF FINANCE & ADMINISTRATION · 50 hrs/week $196,866Base $158,868 · Other $37,998

FRED HUMPHREYCHIEF OPERATING OFFICER · 40 hrs/week $152,609Base $139,212 · Other $13,397

KIMBERLY ANDRESENDIRECTOR OF DEVELOPMENT · 50 hrs/week $142,043Base $129,175 · Other $12,868

MOHAMMAD USMANDIRECTOR OF TECHNOLOGIES · 40 hrs/week $116,395

FELICITY HOGANDIRECTOR OF LEARNING · 40 hrs/week $113,871Base $100,909 · Other $12,962

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (33)

MICHAEL L ROYCECHIEF EXECUTIVE OFFICER

SEBASTIANO VITALE DIRECTOROF FINANCE & ADMINISTRATION

FRED HUMPHREYCHIEF OPERATING OFFICER

KIMBERLY ANDRESENDIRECTOR OF DEVELOPMENT

MOHAMMAD USMANDIRECTOR OF TECHNOLOGIES

FELICITY HOGANDIRECTOR OF LEARNING

MYRNA CHAOTREASURER

SAID SAYREFIEZADEHBOARD MEMBER

MICHAEL FINDLAYBOARD MEMBER

JOE BAKERBOARD MEMBER

SARAH YOUNG ODONNELLBOARD MEMBER

MARY LANGBOARD MEMBER

MARC J JASONCHAIR

LUIS H VALDERASBOARD MEMBER

LESLIE BOYCEBOARD MEMBER

LESLEY-ANNE GLIEDMANBOARD MEMBER

LAURA MONTROSSBOARD MEMBER

SETH LEVINBOARD MEMBER

JUSTIN TOBINBOARD MEMBER

ALESSANDRA DIGIUSTOBOARD MEMBER

JACK ROSENBERGBOARD MEMBER

J WHITNEY STEVENSSECRETARY

J WESLEY MCDADEVICE CHAIR

GRACE ANGELA HENRYBOARD MEMBER

GEORGE MUELLERBOARD MEMBER

FEDERICO ACUNABOARD MEMBER

EUNBI KIMBOARD MEMBER

ELIZABETH VON HABSBURGBOARD MEMBER

CHRISTOPHER RUDDBOARD MEMBER

CHRISTOPHER DONINIBOARD MEMBER

CAROLINE BLACKBOARD MEMBER

CARMELITA TROPICANABOARD MEMBER

ALEXANDRA CHASINBOARD MEMBER

About this charity

Recognized since: January 1994
Location: 29 W 38TH STREET 9TH FLOOR, NEW YORK, NY 10018-5560
County: New York
In care of: % MICHAEL ROYCE
Primary officer: MICHAEL L ROYCE, CHIEF EXECUTIVE OFFICER

How to reach them

WebsiteVisit the charity’s website Phone(212) 366-6900

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: PKF OCONNOR DAVIES ADVISORY LLC
NTEE classification: Arts, Culture & Humanities (A120)
IRS tax category: Other Grantmaking and Giving Services
Grant-giving organization: Yes