THE EDUCATION AND RESEARCH FOUNDATION OF THE BBB OF METRO NY INC

EIN: 136263835 501(c)(3) Education

NEW YORK, NY

Total Revenue
$405,758
Total Expenses
$373,554
Total Assets
$1,331,418
Net Assets
$1,169,971
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
NY
Principal Officer
CLAIRE ROSENZWEIG
Phone
2125337500
Tax Period
2024-01-01 to 2024-12-31

THE EDUCATION AND RESEARCH FOUNDATION OF THE BBB OF METRO NY INC, founded in 1968, is a small nonprofit in the Education sector that reported $406K in total revenue in fiscal year 2024. Expenses of $374K left a modest 8% surplus.

Mission

THE EDUCATION AND RESEARCH FOUNDATION OF THE BBB (R) OF METRO NY COLLABORATES WITH METRO NEW YORK'S BBB TO CREATE, FUND, AND IMPLEMENT EDUCATIONAL PROGRAMS AND PROJECTS ON CHARITY ACCOUNTABILITY, BUSINESS RESPONSIBILITY, LEADERSHIP, AND CONSUMER ISSUES. THE FOUNDATION PERFORMS CHARITY EVALUATIONS BASED ON THE BBB STANDARDS FOR CHARITY ACCOUNTABILITY.

Program Service Accomplishments

Program 1
Expenses: $214,279 Revenue: $159,297

CHARITY ACCOUNTABILITY:THE CORE PROGRAM IS THE CHARITY ACCOUNTABILITY PROGRAM (NYCAP). THROUGH THIS PROGRAM, THE FOUNDATION PROMOTES CHARITABLE GIVING IN NEW YORK STATE BY ENCOURAGING NONPROFIT...

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CHARITY ACCOUNTABILITY:THE CORE PROGRAM IS THE CHARITY ACCOUNTABILITY PROGRAM (NYCAP). THROUGH THIS PROGRAM, THE FOUNDATION PROMOTES CHARITABLE GIVING IN NEW YORK STATE BY ENCOURAGING NONPROFIT PRACTICES THAT MERIT DONOR TRUST. THE FOUNDATION EDUCATES CHARITY LEADERS ABOUT HOW TO MEET THE BBB STANDARDS FOR CHARITY ACCOUNTABILITY. IT EVALUATES CHARITY PERFORMANCE AGAINST THE BBB STANDARDS AND PUBLISHES BBB CHARITY REPORTS STATING ITS FINDINGS ONLINE AT GIVE.ORG FOR THE BENEFIT OF THE PUBLIC.AS OF DECEMBER 2024, THERE WERE 767 PUBLISHED METRO NY BBB CHARITY REPORTS. CHARITIES MEETING ALL BBB STANDARDS AUTOMATICALLY BECOME BBB ACCREDITED CHARITIES, AT NO COST. THE FOUNDATION LICENSES USE OF ITS OPTIONAL BBB ACCREDITED CHARITY SEAL, FEATURING THE BBB'S TRADEMARK AS A SYMBOL OF ACCOUNTABILITY, ONLY TO ELIGIBLE CHARITIES THAT HAVE FIRST MET ALL BBB STANDARDS. BBB SEAL HOLDERS SIGN A LICENSING AGREEMENT AND PAY A SLIDING-SCALE FEE, BASED ON CHARITY FUNDRAISING REVENUE SIZE, FOR PERMITTED USES OF THE BBB SEAL.

Program 2
Expenses: $65,095 Revenue: $0

EDUCATIONAL PROGRAMS:CHARITIES: IN 2024, CHARITY LEADERS WERE PROVIDED WITH SIX ONLINE EDUCATIONAL PROGRAMS AND ONE IN-PERSON PROGRAM, INCLUDING A BBB CHARITY EFFECTIVENESS SYMPOSIUM ENTITLED "THE...

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EDUCATIONAL PROGRAMS:CHARITIES: IN 2024, CHARITY LEADERS WERE PROVIDED WITH SIX ONLINE EDUCATIONAL PROGRAMS AND ONE IN-PERSON PROGRAM, INCLUDING A BBB CHARITY EFFECTIVENESS SYMPOSIUM ENTITLED "THE POWER OF COMMUNITY: BUILDING AUTHENTIC RELATIONSHIPS WITH SUPPORTERS, AND SIX OTHER PROGRAMS ABOUT ISSUES SUCH AS FRAUD TRENDS, MAKING CRITICAL FINANCIAL DECISIONS, ENGAGING YOUR BOARD, AUDIT AND 990 PREP, AND TALENT DEVELOPMENT. ALL ONLINE PROGRAMS IN 2024 WERE OFFERED FOR FREE TO REGISTRANTS. ATTENDEES FOR IN-PERSON PROGRAM WERE CHARGED A SMALL REGISTRATION FEE.BUSINESSES: THE SEVENTEENTH BBB FORUM ON CORPORATE RESPONSIBILITY WAS PRESENTED AS A WEBCAST ON SEPTEMBER 25, 2024, AND PROVIDED FREE TO REGISTRANTS. IT WAS ENTITLED "SUSTAINABLE COMMUNITIES: MANAGING CHANGE, INNOVATING FOR RESILIENCE." THERE WERE 1,431 COMBINED BUSINESS AND CHARITY PROGRAM ATTENDEES NOTED IN 2024.

Program 3
Expenses: $5,641 Revenue: $0

LEADERSHIP:OUR FOUNDATION MAINTAINS A YEAR-ROUND SKILL-BUILDING VOLUNTEER INTERNSHIP PROGRAM, WHICH HELPS YOUNG PEOPLE BUILD LEADERSHIP AND CAREER SKILLS. PARTICIPANTS ARE TRAINED AND SUPERVISED...

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LEADERSHIP:OUR FOUNDATION MAINTAINS A YEAR-ROUND SKILL-BUILDING VOLUNTEER INTERNSHIP PROGRAM, WHICH HELPS YOUNG PEOPLE BUILD LEADERSHIP AND CAREER SKILLS. PARTICIPANTS ARE TRAINED AND SUPERVISED. THEY ARE INVITED TO ATTEND CAREER SESSIONS WITH SENIOR EXECUTIVES FROM BBB BOARD LEADERSHIP. INTERNS LEARN SKILLS IN AREAS SUCH AS DISPUTE RESOLUTION, CUSTOMER SERVICE, BUSINESS COMMUNICATIONS, FINANCIAL STATEMENT EVALUATION AND NONPROFIT MANAGEMENT. IN 2024, INTERNSHIPS WERE CONDUCTED VIRTUALLY USING TOOLS SUCH AS ONLINE MEETINGS. THE PROGRAM SERVED 31 INTERNS IN 2024.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $192,516
Program Service Revenue $159,297
Investment Income $42,445
Other Revenue $11,500
TOTAL REVENUE $405,758

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $14,342
Program Expenses $285,015
Other Expenses $373,554
TOTAL EXPENSES $373,554

Year-over-Year Comparison

2024 2023 Change
Revenue $405,758 $387,600 +0.0%
Expenses $373,554 $389,400 0.0%
Net Income $32,204 $-1,800 -18.9%
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
14
Independent Members
14
Employees
N/A
Volunteers
45

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
6
$56,277
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE PERAZZOLI CHAIRPERSON 0.10
Officer Director
$0 $0 $0
PAMELA HAAS VICE-CHAIR 0.10
Officer Director
$0 $0 $0
RICHARD BROWN VICE-CHAIR 0.10
Officer Director
$0 $0 $0
CATHRYN MCALEAVEY TREASURER 0.10
Officer Director
$0 $0 $0
LAURIE J BILIK TRUSTEE 0.10
Director
$0 $0 $0
BRANDI BOATNER TRUSTEE 0.10
Director
$0 $0 $0
MICHAEL BIONDO TRUSTEE 0.10
Director
$0 $0 $0
DAWN CARRILLO TRUSTEE 0.10
Director
$0 $0 $0
DANIEL KAPLAN TRUSTEE 0.10
Director
$0 $0 $0
ELINOR LITWACK TRUSTEE 0.10
Director
$0 $0 $0
ALICIA MCGRATH TRUSTEE 0.10
Director
$0 $0 $0
CANDICE METH TRUSTEE 0.10
Director
$0 $0 $0
DAVID OKORN TRUSTEE 0.10
Director
$0 $0 $0
LAUREN JEAN WATTERS TRUSTEE 0.10
Director
$0 $0 $0
CLAIRE ROSENZWEIG PRESIDENT 8.00
Officer
$47,500 $0 $47,500
STEVEN LONDON CONTROLLER (THRU APR 2024) 7.00
Officer
$8,777 $0 $8,777
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 $405,758 $373,554 $1,331,418 $32,204
2023 $387,600 $389,400 $1,240,001 $-1,800
2022 $412,671 $400,601 $1,236,528 $12,070
2021 $464,135 $384,845 $1,256,043 $79,290
2020 $434,688 $390,632 $1,202,922 $44,056
2019 $472,380 $456,181 $1,143,334 $16,199
2018 $519,750 $434,999 $1,157,285 $84,751
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