THE MAYOR'S FUND TO ADVANCE NEW YORK CITY

EIN: 133783906 501(c)(3) Community Improvement

NEW YORK, NY

Total Revenue
$8,644,305
Total Expenses
$9,300,400
Total Assets
$17,544,730
Net Assets
$16,429,084
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
NY
Principal Officer
KATE R SMITH
Phone
2124426357
Tax Period
2024-07-01 to 2025-06-30

THE MAYOR'S FUND TO ADVANCE NEW YORK CITY, founded in 1994, is a community nonprofit in the Community Improvement sector that reported $8.6M in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring.

Mission

THE MAYOR'S FUND TO ADVANCE NEW YORK CITY SERVES AS THE PRIMARY VEHICLE FOR NEW YORK CITY'S BUSINESS, FOUNDATIONAL AND PHILANTHROPIC COMMUNITIES TO ENGAGE CITY GOVERNMENT, CONTRIBUTE TO PUBLIC PROGRAMS AND ENHANCE OUR CITY'S ABILITY TO SERVE ITS RESIDENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $7,978,173
Program Service Revenue $165,100
Investment Income $501,032
Other Revenue $0
TOTAL REVENUE $8,644,305

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,264,689
Fundraising Expenses $145,993
Program Expenses $8,966,589
Other Expenses $8,035,711
TOTAL EXPENSES $9,300,400

Year-over-Year Comparison

2024 2023 Change
Revenue $8,644,305 $11,122,321 -0.2%
Expenses $9,300,400 $8,349,510 +0.1%
Net Income $-656,095 $2,772,811 -1.2%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
10
Volunteers
N/A

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
9
$381,041
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANA ALMANZAR CHAIR 1.00
Officer Director
$0 $0 $0
WILLIAM HEINZEN VICE CHAIR 1.00
Officer Director
$0 $0 $0
DESHANNA ALEXANDER SECRETARY 1.00
Officer Director
$0 $0 $0
WENDY LI TREASURER 1.00
Officer Director
$0 $0 $0
DAWN PINNOCK DIRECTOR 1.00
Director
$0 $0 $0
RENEE CAMPION DIRECTOR 1.00
Director
$0 $0 $0
LORRAINE CORTES-VAZQUEZ DIRECTOR 1.00
Director
$0 $0 $0
KATE R SMITH EXECUTIVE DIRECTOR 35.00
Officer
$8,269 $13,161 $21,430
LORAYA HARRINGTON-TRUJILLO VICE PRESIDENT (FORMER) 35.00
Officer
$124,615 $40,560 $165,175
MARCILLA TILLETT CEO (FORMER) 35.00
Officer
$39,823 $0 $39,823
NAJMA ALLI LEGAL COUNSEL (FORMER) 35.00
Officer
$84,591 $0 $84,591
KAMARA BRISSEAU DIRECTOR OF FINANCE (FORMER) 35.00
Officer
$42,722 $27,300 $70,022
SHANNON ALLEN DIRECTOR OF PROGRAMS 35.00
Highest
$132,963 $4,056 $137,019
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
2025 $8,644,305 $9,300,400 $17,544,730 $-656,095
2024 $11,122,321 $8,349,510 $17,759,637 $2,772,811
2023 $10,878,832 $11,343,971 $15,988,724 $-465,139
2022 $19,417,548 $20,399,362 $17,518,316 $-981,814
2021 $18,611,480 $27,871,633 $28,518,749 $-9,260,153
2020 $78,006,463 $66,435,497 $34,367,356 $11,570,966
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