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FUND FOR THE CITY OF NEW YORK INC
NEW YORK, NY · EIN 132612524 · Form 990 · FY2023 · NTEE T310 · Philanthropy & Grantmaking · Very Large (>$50M) · fcny.org
revenue
$67.0M
expenses
$62.1M
net assets
$90.2M
employees
653
volunteers
50
program ratio
98%
mission · from form 990

THE FUND FOR THE CITY OF NEW YORK WAS CREATED IN 1968 BY THE FORD FOUNDATION TO BE RESPONSIVE TO OPPORTUNITIES TO IMPROVE THE QUALITY OF LIFE BY WORKING TO IMPROVE THE PERFORMANCE OF GOVERNMENT AND NONPROFIT ORGANIZATIONS.

profile · synthesized from sources

The Fund for the City of New York, founded in 1968 by the Ford Foundation, strengthens government and nonprofit organizations through innovation, fiscal support, and leadership recognition. It provides bridge loans, fiscal sponsorship, and operational assistance to nonprofits in New York City and beyond. The organization also administers awards for public service and teaching excellence and supports civic innovation nationally and internationally.

irs program accomplishments · form 990 part iii · fy2023

What they reported doing

  1. #1 primary $41.79M
    PARTNER PROJECT PROGRAM PROVIDES FISCAL, ADMINISTRATIVE AND HUMAN RESOURCES ASSISTANCE TO NONPROFIT PROJECTS THAT FOCUS ON A BROAD RANGE OF PROGRAMS OF SOCIAL SERVICES, HEALTH, FAMILIY, EDUCATION, AND OTHER CHARITABLE PROGRAMS.
named programs · 9 · from sources

What they call their work

AI for Nonprofits Sprint
Helps nonprofit leaders explore and responsibly integrate artificial intelligence into their operations and programs.
Cash Flow Loan Program
Provides no-interest bridge loans with a one-time 2% service fee to nonprofits awaiting government or foundation funds; processes applications in 3–5 days.
Center for Youth and the Future of Work
New initiative advancing opportunity and innovation for young people through research and workforce development.
International Institute for Community Solutions
Supports adoption and adaptation of FCNY’s initiatives in Europe, Latin America, and Asia.
National Center for Civic Innovation
Expands FCNY’s civic innovation initiatives to cities and organizations across the United States.
Partner Project Program
Offers fiscal, administrative, human resources, and insurance services to nonprofit projects, enabling them to focus on programming and fundraising.
Returnable Grant Fund (RGF)
Provides advances on government contracts to nonprofits in partnership with the Mayor’s Office and OMB.
Sloan Awards for Excellence in Teaching Science and Mathematics
Recognizes seven high school STEM teachers in New York City each year for innovative teaching and student impact.
Sloan Public Service Awards
Annually honors six outstanding New York City government employees for exceptional public service.
activities · 8 groups

What they do

  • Interest-Free Loan and Grant Support 1 activity
    • Administers interest-free bridge and capital loan programs for nonprofits
      Provides rapid-disbursing, interest-free bridge loans and capital financing to nonprofit organizations experiencing delays in government or foundation funding, with over 17,600 loans totaling more than $1.76 billion issued since 1976. Programs include the Cash Flow Loan Program and specialized funds such as the Returnable Grant Fund and Cultural Arts Capital Loan Fund.
  • Housing Policy Advocacy & Tenant Organizing 1 activity
    • Advocates for policy solutions on affordability and housing through public engagement
      Publishes op-eds and runs full-page advertisements in outlets like the NY Daily News to promote findings from the True Cost of Living report and co-convenes forums with organizations like Safe Horizon to discuss housing policy solutions for homeless youth.
  • Urban Policy and Equity Research 1 activity
    • Conducts research to measure and communicate the true cost of living in New York City
      Produces the NYC True Cost of Living report using data from sources like the American Community Survey to analyze housing costs across sub-borough areas in Manhattan and Brooklyn, informing policy discussions on affordability and economic equity.
  • Teacher & Classroom Innovation Grants 1 activity
    • Funds and administers the Sloan Awards for Excellence in Teaching Science and Mathematics
      Awards $5,000 grants annually to seven outstanding New York City public high school science and mathematics teachers, along with $2,500 grants to their schools’ STEM departments, to recognize innovation and excellence in teaching and inspire student engagement in STEM fields.
  • LGBTQ+ and Community-Based Educational Scholarships 1 activity
    • Funds and administers the Sloan Public Service Awards for NYC civil servants
      Honors six exceptional New York City public employees annually through the Sloan Public Service Awards, providing each recipient with a $10,000 prize and supporting recognition through award ceremonies and commemorative materials.
  • Industry and Community Recognition Awards 1 activity
    • Produces award-related media and hosts cross-sector convenings
      Produces commemorative videos, brochures, portraits, and crystal trophies for Sloan Award recipients and promotes awardees through media outreach, including full-page newspaper ads. Also hosts an annual full-day conference convening nonprofit and public sector leaders for collaborative problem solving.
  • Nonprofit Capacity Building Services 1 activity
    • Provides comprehensive fiscal and administrative capacity-building services to nonprofit partner projects
      Offers financial management, human resources, insurance, payroll processing, risk management, and access to expert staff (CFO, comptroller, HR specialists, etc.) to more than 80 nonprofit partner projects through the Partner Project Program, strengthening organizational infrastructure for startups and established nonprofits.
  • Uncategorized 2 activities
    • Launches innovation initiatives to support youth and nonprofit technology adoption
      Launched the Center for Youth and the Future of Work in 2024 to advance opportunities for young people and the AI for Nonprofits Sprint in 2024 to help nonprofit leaders explore and responsibly integrate artificial intelligence into their operations.
    • Supports community planning through graduate fellowships and technical assistance
      Operates the Community Planning Fellowship Program since 2009, placing graduate students in urban planning with NYC community boards and providing $5,000 stipends for up to 12 hours per week of work on projects such as green infrastructure surveys, affordable housing preservation, and carbon-neutral zoning.
financials · form 990 · fy2023
revenue
Total revenue$66.96M
Contributions & grants$45.54M68%
Program service revenue$18.01M27%
Investment income$3.41M5%
Other revenue$0
expenses
Total expenses$62.12M
Program expenses98%
Admin / overhead2%
Fundraising1%
Salaries & benefits$39.43M
Grants paid out$1.98M
Largest expense lineCompensation
balance sheet
Total assets$172.13M
Cash$100.06M
Investments$0
Liabilities$81.88M
Net assets$90.25M
Liquid reserves19.3 mo
5 years on record · 2019–2023 · YoY revenue -0.5%
leadership · form 990 part vii · fy2023

Who runs it

paid leadership · 25
NameTitleHours/wkCompensation
LISETTE NIEVES BOARD MEMBER/PRESIDENT 30 $414K
FRED DEJOHN CHIEF FINANCIAL OFFICER 35 $371K
ALDRIN BONILLA EXECUTIVE VICE PRESIDENT 30 $314K
BENJAMIN GARCIA EXECUTIVE DIRECTOR 35 $289K
COLEEN STEVENS PORCHER EXECUTIVE DIRECTOR 35 $285K
BLAKE RATNER EXECUTIVE DIRECTOR 35 $272K
JILL E BORRERO CHIEF OPERATING OFFICER 30 $261K
ELINA ALAYEVA DIRECTOR 35 $260K
MIRIAM FELDBLUM EXECUTIVE DIRECTOR 35 $252K
JEFFREY SUDMYER DIRECTOR 35 $249K
TERESA CARTA EXECUTIVE DIRECTOR 35 $243K
JAMES RYAN EXECUTIVE DIRECTOR 35 $241K
GRACE RAUH EXECUTIVE DIRECTOR 35 $240K
KAI FEDER CHIEF OPERATING OFFICER 35 $232K
LOLA SIMPSON CHIEF EXECUTIVE OFFICER 35 $231K
APRIL MCKOY SENIOR DIRECTOR 35 $228K
GREGORY MORRIS CHIEF EXECUTIVE OFFICER 35 $224K
PATRICIA MOLES PROGRAM DIRECTOR 35 $223K
DAVID COLE CHIEF OPERATING OFFICER 35 $220K
ZENAIDA RODRIGUEZ EXECUTIVE DIRECTOR 35 $219K
JOHN KONARSKI CHIEF EXECUTIVE OFFICER 35 $219K
STEFANIE BLOUIN SENIOR DIRECTOR 35 $216K
JENIN SABBAH EXECUTIVE DIRECTOR 35 $215K
SARA NADEL CHIEF EXECUTIVE OFFICER 35 $213K
JUANA ROSARIO COMPTROLLER 30 $210K
relationships · 38

Who they work with

  • Alfred P. Sloan Foundation Funder — Funder of the Sloan Public Service Awards program for over two decades, supporting $10,000 prizes for honorees.
  • Alfred P. Sloan Foundation Funder — Supports the Public Service Awards and the Sloan Awards for Excellence in Teaching Science and Mathematics.
  • Alfred P. Sloan Foundation Partner — Collaborates with the Fund for the City of New York to present the Sloan Public Service Awards and Sloan Teaching Awards.
  • American LGBTQ+ Museum Partner — Collaborates with the American LGBTQ+ Museum on cultural and civic engagement initiatives.
  • Baruch College Partner — Source of graduate student fellows for the Community Planning Fellowship Program.
  • City College Partner — Source of graduate student fellows for the Community Planning Fellowship Program.
  • City Council Government — Employer of former fellows in land use units.
  • Columbia University Partner — Source of graduate student fellows for the Community Planning Fellowship Program.
  • Department of City Planning Government — Employer of former fellows and related Mayoral agency involved in land use planning.
  • Department of Housing Preservation and Development Government — Employer of former fellows and related Mayoral agency involved in housing policy.
  • Ford Foundation Funder — Founded the Fund for the City of New York in 1968
  • Ford Foundation Funder — Founded the Fund for the City of New York in 1968.
  • Fordham University Partner — Source of graduate student fellows for the Community Planning Fellowship Program.
  • Hunter College Partner — Source of graduate student fellows for the Community Planning Fellowship Program.
  • Innovate NJ Partner — Receives administrative and fiscal support from the Fund to advance innovation efforts.
  • Mayor’s Office Government — Collaborated with the Fund for the City of New York and the Office of Management and Budget to create the Returnable Grant Fund.
  • Mayor’s Office Government — Partnered with the Fund for the City of New York to establish the Returnable Grant Fund in 1992.
  • Mayor’s Office of Operations Government — Collaborates with the Fund for the City of New York on the Sanitation Scorecard, which it currently manages.
  • NY Daily News Partner — Collaborated with the NY Daily News to publish an op-ed on affordability in New York City.
  • NYC Mayor’s Office of Contract Services (MOCS) Government — Approves eligibility and loan amounts for the Returnable Grant Fund and determines loan maturity dates based on City contract status.
  • New York Daily News Partner — Media partner used for full-page printed advertisements promoting the Sloan Public Service Awards.
  • New York University Partner — Source of graduate student fellows for the Community Planning Fellowship Program.
  • Office of Management and Budget Government — Co-created the Returnable Grant Fund with the Fund for the City of New York and the Mayor’s Office.
  • Office of Management and Budget Government — Co-established the Returnable Grant Fund with the Fund for the City of New York in 1992.
  • Power of Two Partner — Supported Power of Two in responding to pandemic-related challenges through civic and educational programming.
  • Pratt Institute Partner — Source of graduate student fellows for the Community Planning Fellowship Program.
  • Promise Project Partner — Receives fiscal and operational support from the Fund, enabling focus on program development and fundraising.
  • Restorative Justice Initiative Partner — Collaborates with the Restorative Justice Initiative on participatory action research and community development.
  • Rise Partner — Receives core financial and HR services from the Fund to manage nonprofit operations.
  • SMART Partner — Partnered with SMART on the Vaccine Equity Partner Engagement Project to advance vaccine equity.
+ 8 more
strategies · 5

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Administrative Infrastructure Support for Nonprofit Scaling
    methodology: administrative_infrastructure_support
    By providing back-office and fiscal sponsorship services, the organization enables nonprofit leaders to focus on program delivery and fundraising, because reducing administrative burdens lowers barriers to scaling innovative ideas.
  • Cross-Sector Collaboration for Systemic Change
    methodology: cross-sector_collaboration
    By convening actors across sectors, the organization addresses systemic barriers and improves outcomes—such as in housing or sustainability—because collaborative, evidence-based strategies generate more sustainable and boundary-transcending solutions than siloed efforts.
  • Financial Stabilization as Capacity Building
    methodology: financial_stability_support
    By offering rapid, low-cost bridge financing and cash flow loans, the organization ensures nonprofits maintain service continuity during funding gaps, because financial instability is a key barrier to sustained program delivery and organizational resilience.
  • Iterative Problem Solving with Proximate Expertise
    methodology: iterative_problem_solving
    By applying iterative problem-solving that centers adaptability, risk-taking, and proximate expertise, the organization addresses public sector challenges more effectively, because solutions grounded in frontline experience are more responsive and contextually relevant.
  • Youth-Led Systems Change in Sustainability
    methodology: youth-led systems change
    By supporting youth-led environmental initiatives in public schools, the organization drives systemic policy change in sustainability, because engaging young people as agents of change fosters long-term civic engagement and institutional transformation.