SEVEN WEST FORTY THIRD STREET FOUNDATION Charity Report

Public IRS 990 nonprofit record

SEVEN WEST FORTY THIRD STREET FOUNDATION

EIN 27-2243267 · Historical Societies & Historic Preservation (A82)

What they do

RESTORE, MAINTAIN & PRESERVE THE DESIGNATED LANDMARK LOCATED AT 7 W. 43RD ST. IN NY. THE FOUNDATION is A 501 (C) (3) CHARITABLE ORGANIZATION WHOSE MISSION is to RAISE FUNDS for THE PURPOSE of RESTORING, MAINTAINING and PRESERVING THE ARCHITECTURALLY SIGNIFICANT BUILDING (THE "BUILDING) AS WELL AS INTERIOR SUPPORTING STRUCTURES LOCATED AT 7 WEST 43RD STREET, NEW YORK, NY 10036, DESIGNED BY THE HIGHLY REGARDED ARCHITECT, STANFORD WHITE of THE FIRM MCKIM, MEAD and WHITE of NEW YORK CITY. THE BUILDING WAS DESIGNED AS A LANDMARK BY THE NEW YORK CITY LANDMARKS PRESERVATION COMMISSION ON JANUARY 11, 1967. FUNDS RAISED BY THE FOUNDATION ALLOW for THE PERIODIC INSPECTION and REPAIR of THE FACADE, ADDRESS PERIODIC EMERGENCY ISSUES ON THE ROOF and EXTERIOR WALLS, and HELP MAINTAIN A RESERVE.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $66.90 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 leaders8 people are listed in the latest report.

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

Money made simple

38.48%of revenue went to mission work66.9% of expenses · Program services

1.86%of revenue went to fundraising3.2% of expenses

$57.54spent for every $100 of revenueRevenue covered expenses this year.

17.20%of revenue went to management and office costs29.9% of expenses

$3.26in assets for every $1 spent this yearSome assets cannot be spent right away.

99.8%of its money came from giftsOther money may come from services or investments.

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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.

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$193,780

Mission workProgram services$74,57638.48% of revenue66.9% of expenses

ManagementOffice and general costs$33,32217.20% of revenue29.9% of expenses

FundraisingAsking for donations$3,6031.86% of revenue3.2% of expenses

Revenue left after expensesReported annual surplus$82,27942.46% of revenueShown in gray on the chart

Total expenses$111,50157.54% 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: 66.9% mission · 29.9% management · 3.2% fundraisingTotal expenses: 57.54% of revenue

2023Expense mix: 33.4% mission · 66.3% management · 0.3% fundraisingTotal expenses: 24.66% of revenue

2022Expense mix: 95.4% mission · 4.6% management · 0.0% fundraisingTotal expenses: 324.55% of revenue

2021Expense mix: 94.7% mission · 5.2% management · 0.1% fundraisingTotal expenses: 46.89% of revenue

2020Expense mix: 95.8% mission · 3.8% management · 0.4% fundraisingTotal expenses: 35.77% of revenue

2019Expense mix: 93.7% mission · 6.0% management · 0.3% fundraisingTotal expenses: 98.89% of revenue

2018Expense mix: 92.7% mission · 7.3% management · 0.0% fundraisingTotal expenses: 1,049.54% of revenue

Money in and money out

Revenue$193,780

Expenses$111,501

Annual surplus $82,279 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)$74,576 · 66.9% of expenses

Management and office costs$33,322 · 29.9% of expenses

Fundraising$3,603 · 3.2% of expenses

See all reported dollar amounts

Revenue$193,780

Expenses$111,501

Assets$363,016

Income$207,205

Contributions$193,463

Mission work (program services)$74,576

Fundraising$3,603

Management and general$33,322

Accounting fees$12,845

People

Leadership and board

Tax year 2024

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

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (8)

ANNE VAN INGENDIRECTOR

DANIEL ROSETREASURER

EDWARD P GALLAGHERDIRECTOR

GLENN BOORNAZIANDIRECTOR

JACK KERRLEGAL COUNSEL

KENT BARWICKSECRETARY

PEG BREENPRESIDENT

STEPHEN FACEYDIRECTOR

About this charity

Recognized since: January 2010
Location: 7 W 43RD ST, NEW YORK, NY 10036-7402
County: New York
In care of: % LANSING LAMONT
Primary officer: PEG BREEN, PRESIDENT

How to reach them

Phone(212) 944-0090

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: CONDON OMEARA MCGINTY & DONNELLY LLP
NTEE classification: Historical Societies & Historic Preservation (A82)
IRS tax category: Historical Societies & Historic Preservation