FEDERATION OF PROTESTANT WELFARE AGENCIES INC

EIN: 135562220 501(c)(3) Philanthropy & Grantmaking

NEW YORK, NY

Total Revenue
$5,236,138
Total Expenses
$8,397,216
Total Assets
$78,587,865
Net Assets
$67,832,986
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1922
Legal Domicile
NY
Principal Officer
JENNIFER JONES AUSTIN
Phone
2127774800
Tax Period
2023-01-01 to 2023-12-31

FEDERATION OF PROTESTANT WELFARE AGENCIES INC, founded in 1922, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $5.2M in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $8.4M exceeded revenue, resulting in a 60% operating deficit.

Mission

FPWA DISMANTLES THE STRUCTURAL AND SYSTEMIC BARRIERS THAT IMPEDE ECONOMIC SECURITY AND WELL-BEING AND STRENGHTENS THE CAPACITY OF HUMAN SERVICES AGENCIES AND FAITH ORGANIZATIONS SO NEW YORKERS WITH LOWER INCOME CAN THRIVE.

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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 $2,636,644
Program Service Revenue $218,287
Investment Income $2,380,706
Other Revenue $501
TOTAL REVENUE $5,236,138

Expense Breakdown

Grants Paid $1,349,984
Salaries & Benefits $4,638,019
Fundraising Expenses $581,454
Program Expenses $5,972,479
Other Expenses $2,409,213
TOTAL EXPENSES $8,397,216

Year-over-Year Comparison

2023 2022 Change
Revenue $5,236,138 $9,022,502 -0.4%
Expenses $8,397,216 $11,026,039 -0.2%
Net Income $-3,161,078 $-2,003,537 +0.6%
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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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
40
Volunteers
12

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
7
$1,100,397
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANTONIA YUILLE-WILLIAMS CHAIR 1.00
Officer Director
$0 $0 $0
BISHOP MITCHELL G TAYLOR BOARD MEMBER 1.00
Director
$0 $0 $0
DEREK FERGUSON BOARD MEMBER 1.00
Director
$0 $0 $0
DR TERRANCE STRADFORD BOARD MEMBER 1.00
Director
$0 $0 $0
JACOB DEVRIES BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN CIRAULO SECRETARY 1.00
Officer Director
$0 $0 $0
KERRY MCCARTHY BOARD MEMBER 1.00
Director
$0 $0 $0
MARION PHILLIPS III BOARD MEMBER 1.00
Director
$0 $0 $0
MITCHELL LEE BOARD MEMBER 1.00
Director
$0 $0 $0
REV DR EMMA JORDAN-SIMPSON 1ST VICE CHAIR 1.00
Officer Director
$0 $0 $0
STEPHEN J STOREN TREASURER 1.00
Officer Director
$0 $0 $0
WENDY VAN AMSON BOARD MEMBER 1.00
Director
$0 $0 $0
ALEXANDROS HATZAKIS ASSOCIATE EXECUTIVE DIRECTOR 35.00
Officer
$268,526 $33,619 $302,145
FRANK DIMAIUTA CHIEF FINANCIAL OFFICER 35.00
Officer
$246,850 $80,886 $327,736
JENNIFER JONES AUSTIN CEO & EXECUTIVE DIRECTOR 35.00
Officer
$421,234 $49,282 $470,516
JOSEPH JONES DIR. POLICY, ADVOCACY & RESEARCH 35.00
Highest
$117,012 $52,305 $169,317
RAYSA SEGURA-RODRIGUEZ CHIEF PROGRAM & POLICY OFF 35.00
Highest
$230,296 $78,716 $309,012
SARAH ELLIOT DIR. INSTITUTIONAL GIVING 35.00
Highest
$101,147 $36,244 $137,391
TIFFANY O'NEAL SR. ADVISOR & DIR. SPECIAL INITIATIVES 35.00
Highest
$107,671 $33,869 $141,540
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 $5,236,138 $8,397,216 $78,587,865 $-3,161,078
2022 $9,022,502 $11,026,039 $75,377,040 $-2,003,537
2021 $9,007,528 $7,545,407 $89,939,475 $1,462,121
2020 $3,166,842 $6,902,306 $82,442,782 $-3,735,464
2019 $5,259,121 $7,191,266 $82,836,901 $-1,932,145
2018 $5,483,675 $7,411,101 $76,875,134 $-1,927,426
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