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

UNIQUELY POSITIONED TO WED THE INCOMPARABLE REACH OF GOVERNMENT WITHTHE FLEXIBILITY AND ENTREPRENEURIAL SPIRIT OF THE PRIVATE SECTOR, THEMAYOR'S FUND LEVERAGES A DEEP WELL OF CIVIC GOODWILL TO SUPPORT NEWYORKERS AND NEW YORK CITY, IN ORDER TO BUILD INNOVATIVE PUBLIC-PRIVATE PARTNERSHIPS THAT ADDRESS CRITICAL CITY NEEDS WITH THE SUPPORT OF TRADITIONAL PHILANTHROPY AND PRIVATE SECTOR CIVIC INVESTORS.

Program Service Accomplishments

Program 1
Expenses: $1,551,887

DATA-DRIVEN SOLUTIONS FOR COMPLEX URBAN CHALLENGESTHE MAYOR'S OFFICE OF POLICY AND PLANNING WAS DEVELOPED THROUGH BLOOMBERG PHILANTHROPIES' INNOVATION TEAM (I-TEAM) PROGRAM, WHICH SUPPORTS CITIES IN...

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DATA-DRIVEN SOLUTIONS FOR COMPLEX URBAN CHALLENGESTHE MAYOR'S OFFICE OF POLICY AND PLANNING WAS DEVELOPED THROUGH BLOOMBERG PHILANTHROPIES' INNOVATION TEAM (I-TEAM) PROGRAM, WHICH SUPPORTS CITIES IN DESIGNING RESIDENT-CENTERED SOLUTIONS TO PRESSING CHALLENGES.THE NYC I-TEAM DEPLOYS SPECIALIZED STAFF WHO LEVERAGE DATA, COMMUNITY INSIGHTS, AND CROSS-SECTOR COLLABORATION TO DELIVER MEASURABLE OUTCOMES.TO DATE, NYC I-TEAM HAS: - PARTNERED WITH 86 STAKEHOLDER ORGANIZATIONS, INCLUDING 35% CITY AGENCIES - LED 14 COMMUNITY-BASED ENGAGEMENT INITIATIVESKEY INITIATIVES INCLUDE: - DISTRIBUTION OF 7,300 BABY BOXES AND NEW FAMILY RESOURCE GUIDES THROUGH NYC HEALTH + HOSPITALS - LAUNCH OF A NYCHA EARNED INCOME TAX CREDIT CAMPAIGN SERVING 50,000+ RESIDENTS - EXPANSION OF UNIVERSAL AFTERSCHOOL WITH DYCD, ADDING 40 NEW SITES AND 5,000 NEW SEATS (FALL 2025)THE MAYOR'S FUND IS A PROUD PARTNER IN ADVANCING THIS WORK UNDER THE LEADERSHIP OF THE FIRST DEPUTY MAYOR'S OFFICE.

Program 2
Expenses: $2,270,684

THE NYC CHILDCARE QUALITY AND INNOVATION INITIATIVE STRENGTHEN FAMILIES' ACCESS TO AFFORDABLE CHILDCARE THROUGH TARGETED COMMUNITY OUTREACH AND HANDS-ON ENROLLMENT SUPPORT.THROUGH STRATEGIC...

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THE NYC CHILDCARE QUALITY AND INNOVATION INITIATIVE STRENGTHEN FAMILIES' ACCESS TO AFFORDABLE CHILDCARE THROUGH TARGETED COMMUNITY OUTREACH AND HANDS-ON ENROLLMENT SUPPORT.THROUGH STRATEGIC PARTNERSHIPS WITH COMMUNITY-BASED ORGANIZATIONS AND INVESTMENTS IN STAFFING CAPACITY, THE CITY HAS LAUNCHED A COORDINATED SYSTEM TO EXPAND ACCESS WHILE IMPROVING THE QUALITY OF CHILDCARE SERVICES--PARTICULARLY IN HISTORICALLY UNDERSERVED COMMUNITIES.IN PARTNERSHIP WITH THE OFFICE OF CHILDCARE AND EARLY CHILDHOOD EDUCATION AND THE ADMINISTRATION FOR CHILDREN'S SERVICES, THE MAYOR'S FUND HAS SUPPORTED APPROXIMATELY 6,000 FAMILIES IN NAVIGATING THE APPLICATION PROCESS FOR GOVERNMENT-SUBSIDIZED CHILDCARE VOUCHERS.

Program 3
Expenses: $467,409

MOBILIZING PUBLIC PRIVATE PARTNERSHIPS FOR YOUTH AND FAMILIESA KEY FOCUS OF THE MAYOR'S FUND'S PARTNERSHIP WITH NYC SERVICE HAS BEEN SECURING IN-KIND AND FINANCIAL CONTRIBUTIONS TO SUPPORT: - NEW...

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MOBILIZING PUBLIC PRIVATE PARTNERSHIPS FOR YOUTH AND FAMILIESA KEY FOCUS OF THE MAYOR'S FUND'S PARTNERSHIP WITH NYC SERVICE HAS BEEN SECURING IN-KIND AND FINANCIAL CONTRIBUTIONS TO SUPPORT: - NEW YORK CITY AMERICORPS - NYC CIVIC CORPS - SECRET SNOWFLAKE PROGRAMMINGTHE MAYOR'S OFFICE'S SECRET SNOWFLAKE INITIATIVE CONNECTS PRIVATE-SECTOR EMPLOYEES WITH YOUTH ACROSS NEW YORK CITY THROUGH GIFT DONATIONS AND ESSENTIAL SUPPORT.DONORS PROVIDED APPROXIMATELY 14,000 GIFTS, INCLUDING GAMES, BOOKS, AND WINTER CLOTHING, TO CHILDREN AND YOUTH (UP TO AGE 18) RECEIVING CITY SERVICES--INCLUDING THOSE IN FOSTER CARE, SHELTERS, TEMPORARY HOUSING, AND KINSHIP CARE HOUSEHOLDS.

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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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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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