THE COMMUNITY CHEST OF PORT WASHINGTON NY INC

EIN: 111614994 501(c)(3) Philanthropy & Grantmaking

PORT WASHINGTON, NY

Total Revenue
$1,004,958
Total Expenses
$1,006,639
Total Assets
$1,491,395
Net Assets
$961,693
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Financial Trends

Organization Details

Formation Year
1949
Phone
5167672121
Tax Period
2023-10-01 to 2024-09-30

THE COMMUNITY CHEST OF PORT WASHINGTON NY INC, founded in 1949, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.0M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion.

Mission

The primary purpose of the Community Chest is to raise funds to be disbursed as grants to other carefully screened not for profit organizations that provide a wide range of services to the residents of Port Washington. The Community Chest also rents space within its facility at below market rates to non profit organizations,helping them fulfill their missions. In March 2020, the Community Chest initiated and administered the Port Washington COVID-19 Community Response Fund to make COVID-19 emergency grants for food needs, housing costs and other expenses to existing community and faith-based organizations that have strong experience supporting Port Washington residents.

Program Service Accomplishments

Program 1
Expenses: $460,376 Revenue: $502,965

The Community Chest awarded grants ranging from $2,500 to $47,500 to 22 not for profit 501(c)(3) organizations for specific programs or general operating expenses. These organizations provided...

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The Community Chest awarded grants ranging from $2,500 to $47,500 to 22 not for profit 501(c)(3) organizations for specific programs or general operating expenses. These organizations provided services to Port Washington residents which included: day care; domestic violence and child abuse prevention classes; college scholarships; job training; recreational, athletic, and educational opportunities for children and teens; enviornmental programning, and cultural programs. Reports from these agencies indicate more than 6,500 residents benefitted from the services provided by Community Chest grants to these organizations.

Program 2
Expenses: $376,671 Revenue: $345,568

The Community Chest rented approximately 13500 square feet of space at less than fair value rates to nine not for Profits. These rates included provision of heat, electricity and water. The...

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The Community Chest rented approximately 13500 square feet of space at less than fair value rates to nine not for Profits. These rates included provision of heat, electricity and water. The organizations renting these spaces used them to offer: an art cooperative that offers programming for youths and adults; a job training program for adults with disabilities; environmental protection and education programs; after school tutoring and activities for youth; assistance for the indigent; recreational soccer for children with disabilities; programs, services, research and advocacy for people with autism spectrum disorders; and programs concerned with the preservation of the cultural traditions of Long Island.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $370,344
Program Service Revenue $345,395
Investment Income $157,523
Other Revenue $131,696
TOTAL REVENUE $1,004,958

Expense Breakdown

Grants Paid $601,620
Salaries & Benefits $208,809
Fundraising Expenses $107,291
Program Expenses $837,047
Other Expenses $196,210
TOTAL EXPENSES $1,006,639

Year-over-Year Comparison

2023 2022 Change
Revenue $1,004,958 $839,446 +0.2%
Expenses $1,006,639 $880,360 +0.1%
Net Income $-1,681 $-40,914 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
33
Independent Members
33
Employees
3
Volunteers
100

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$0
Total Directors
27
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT KELLER EXECUTIVE DIRECTOR 40.00
$99,077 $0 $99,077
NIKOS ANDREADIS Director 1.00
Director
$0 $0 $0
JOHN NEIL Director 1.00
Director
$0 $0 $0
AMY BASS Director 1.00
Director
$0 $0 $0
MICHAEL COOPERMAN Vice President 5.00
Officer Director
$0 $0 $0
JOSH KIRSHNER Director 1.00
Director
$0 $0 $0
KRIS BAKER Director 1.00
Director
$0 $0 $0
KAREN SELTZER Director 1.00
Director
$0 $0 $0
SHERYL ALBANESE Secretary 5.00
Officer Director
$0 $0 $0
ROSS BALTIC Director 1.00
Director
$0 $0 $0
PAUL OLIVERI Director 1.00
Director
$0 $0 $0
DREW HERSHKOWITZ President 5.00
Officer Director
$0 $0 $0
MITCHELL SCHULTZ Vice President 5.00
Officer Director
$0 $0 $0
NOAL GOLDFARB Director 1.00
Director
$0 $0 $0
DONNA MARCUS Director 1.00
Director
$0 $0 $0
SKIP STERN Director 1.00
Director
$0 $0 $0
ERIC SEALOVE Director 1.00
Director
$0 $0 $0
JEROME FEDERLEIN Director 1.00
Director
$0 $0 $0
WILLIAM STOCKER Treasurer 5.00
Officer Director
$0 $0 $0
JEFF HOLTZMAN Director 1.00
Director
$0 $0 $0
LISA HENDRICKSON-DEBRUIN Director 1.00
Director
$0 $0 $0
STUART JOHNSON Director 1.00
Director
$0 $0 $0
TESSA JORDAN Director 1.00
Director
$0 $0 $0
ROY NELSON MD Director 1.00
Director
$0 $0 $0
BOB O'BRIEN Director 1.00
Director
$0 $0 $0
JENNIFER WILSON-PINES Director 1.00
Director
$0 $0 $0
JOEL D ZIEV Director 1.00
Director
$0 $0 $0
MICHELE HYDE Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,004,958 $1,006,639 $1,491,395 $-1,681
2023 $839,446 $880,360 $1,376,825 $-40,914
2022 $650,267 $840,168 $1,416,290 $-189,901
2021 $882,406 $904,181 $1,558,814 $-21,775
2020 $996,250 $738,093 $1,489,728 $258,157
2019 $818,464 $718,642 $1,312,266 $99,822
2018 $757,751 $787,059 $1,240,249 $-29,308
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