CITY LORE INC

EIN: 112740189 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$2,769,137
Total Expenses
$3,348,649
Total Assets
$3,405,216
Net Assets
$1,754,728
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
NY
Principal Officer
STEVE ZEITLIN
Phone
2125291955
Tax Period
2023-01-01 to 2023-12-31

CITY LORE INC, founded in 1985, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.8M in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $3.3M exceeded revenue, resulting in a 21% operating deficit.

Mission

CITY LORE'S MISSION IS TO FOSTER NEW YORK CITY - AND AMERICA'S - LIVING CULTURAL HERITAGE THROUGH EDUCATION AND PUBLIC PROGRAMS. WE DOCUMENT, PRESENT AND ADVOCATE FOR NEW YORK CITY'S GRASSROOTS CULTURES TO ENSURE THEIR LIVING LEGACY IN STORIES AND HISTORIES, PLACES AND TRADITIONS. WE WORK IN FOUR CULTURAL DOMAINS: URBAN FOLKLORE AND HISTORY; PRESERVATION; ARTS EDUCATION; AND GRASSROOTS POETRY TRADITIONS. IN EACH OF THESE REALMS, WE SEE OURSELVES AS FURTHERING CULTURAL EQUITY AND MODELING A BETTER WORLD WITH PROJECTS AS DYNAMIC AND DIVERSE AS NEW YORK CITY ITSELF.

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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 $2,392,245
Program Service Revenue $360,917
Investment Income $10,506
Other Revenue $5,469
TOTAL REVENUE $2,769,137

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,272,787
Fundraising Expenses $116,517
Program Expenses $2,888,462
Other Expenses $2,075,862
TOTAL EXPENSES $3,348,649

Year-over-Year Comparison

2023 2022 Change
Revenue $2,769,137 $3,586,670 -0.2%
Expenses $3,348,649 $3,041,816 +0.1%
Net Income $-579,512 $544,854 -2.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
18
Employees
46
Volunteers
18

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
4
$134,123
Total Directors
19
$134,123
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE ZEITLIN EXECUTIVE DIRECTOR 40.00
Officer Director
$96,014 $38,109 $134,123
HENRY CHALFANT CHAIR 1.00
Officer Director
$0 $0 $0
CAROLINE HARRIS VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
NATHAN PEARSON TREASURER 1.00
Officer Director
$0 $0 $0
RAY ALLEN BOARD MEMBER 1.00
Director
$0 $0 $0
RAQUEL CEPEDA BOARD MEMBER 1.00
Director
$0 $0 $0
MARILYN WHITE BOARD MEMBER 1.00
Director
$0 $0 $0
HOLLY SIDFORD BOARD MEMBER 1.00
Director
$0 $0 $0
RAM DEVINENI BOARD MEMBER 1.00
Director
$0 $0 $0
ROHIT ACHARYA BOARD MEMBER 1.00
Director
$0 $0 $0
AMY CHIN BOARD MEMBER 1.00
Director
$0 $0 $0
ESTHER COHEN BOARD MEMBER 1.00
Director
$0 $0 $0
KAY TURNER BOARD MEMBER 1.00
Director
$0 $0 $0
KIRAN SINGH SIRAH BOARD MEMBER 1.00
Director
$0 $0 $0
RAMAKRISHNA VENKATRAMAN BOARD MEMBER 1.00
Director
$0 $0 $0
ANN BANKS BOARD MEMBER 1.00
Director
$0 $0 $0
BOB HOLMAN BOARD MEMBER 1.00
Director
$0 $0 $0
PHYLLIS MAY-MACHUNDA BOARD MEMBER 1.00
Director
$0 $0 $0
KENDALL WILLIAMS BOARD MEMBER 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 No data No data No data No data
2023 $2,769,137 $3,348,649 $3,405,216 $-579,512
2022 $3,586,670 $3,041,816 $4,002,789 $544,854
2021 $4,516,520 $4,037,824 $1,966,661 $478,696
2020 $3,204,664 $3,364,122 $1,505,538 $-159,458
2019 $3,069,923 $2,767,606 $2,099,390 $302,317
2019 $2,567,470 $2,763,639 $1,603,281 $-196,169
2018 $2,871,596 $2,566,539 $1,778,191 $305,057
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