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CIVIC NYC FUND INC
NEW YORK, NY · EIN 813150380 · Form 990 · FY2024 · NTEE T50 · Philanthropy & Grantmaking · Medium ($1M-$10M)
revenue
$4.8M
expenses
$3.5M
net assets
$6.9M
employees
0
volunteers
12
program ratio
98%
mission · from form 990

THE CORPORATION WAS FORMED AS A 501(C)(3) ORGANIZATION FOR THE PURPOSE OF FURTHERING THE CHARITABLE PURPOSES OF CIVIC BUILDERS, INC., A 501(C)(3) ORGANIZATION THAT PROVIDES TURN-KEY SOLUTIONS FOR CHARTER SCHOOL REAL ESTATE NEEDS. SPECIFICALLY, THIS CORPORATION WAS FORMED TO BORROW FUNDS AND TO MAKE LOANS AND INVESTMENTS INTO CHARTER SCHOOL DEVELOPMENT PROJECTS IN NEW YORK.

profile · synthesized from sources

CIVIC NYC FUND INC is a nonprofit organization based in New York that supports charter school development projects through loans and investments. It was established to further the charitable goals of Civic Builders, Inc., focusing on financing real estate solutions for charter schools. The organization operates as a grantmaking entity dedicated to strengthening educational infrastructure in New York.

named programs · 1 · from sources

What they call their work

Charter School Development Financing
Provides loans and investments to support the development and expansion of charter schools in New York
activities · 1 group

What they do

  • Private K–12 School Support 1 activity
    • Funding charter school development projects
      Funds charter school development projects in New York through loans and investments, supporting the charitable purposes of Civic Builders, Inc.
financials · form 990 · fy2024
revenue
Total revenue$4.83M
Contributions & grants$00%
Program service revenue$4.39M91%
Investment income$433K9%
Other revenue$0
expenses
Total expenses$3.54M
Program expenses98%
Admin / overhead2%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$95.53M
Cash$9.85M
Investments$1.97M
Liabilities$88.63M
Net assets$6.90M
Liquid reserves40.1 mo
4 years on record · 2020–2024 · YoY revenue +354.8%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
DAVID UMANSKY PRESIDENT 1 $560K
board members · 12
  • ALAN SAGE — DIRECTOR
  • DAVID LOO — SECRETARY & TREASURER
  • GENGER CHARLES — DIRECTOR
  • KAHENA JOUBERT — DIRECTOR
  • KEITH RAND — DIRECTOR
  • KHARY BARNES — DIRECTOR
  • PAUL WASSERMAN — DIRECTOR
  • RON BEIT — DIRECTOR
  • SHERMAN WHITES — DIRECTOR
  • SIMONE BRODY — VICE PRESIDENT
  • SUSIE MILLER CARELLO — DIRECTOR
  • VIPUL TANDON — DIRECTOR
relationships · 1

Who they work with

  • Civic Builders, Inc. Partner — Primary affiliated organization whose charitable purposes are furthered through loans and investments.
strategies · 1

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.