CITY SEMINARY OF NEW YORK

EIN: 260030436 501(c)(3) Education

NEW YORK, NY

Total Revenue
$3,598,029
Total Expenses
$3,870,638
Total Assets
$22,284,657
Net Assets
$21,125,564
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
NY
Phone
2127492717
Tax Period
2023-01-01 to 2023-12-31

CITY SEMINARY OF NEW YORK, founded in 2001, is a community nonprofit in the Education sector that reported $3.6M in total revenue in fiscal year 2023. Revenue surged 114% from the prior year, signaling strong growth momentum. Net assets of $21.1M represent 70 months of operating reserves.

Mission

THE ORGANIZATION ENGAGES IN THE TEACHING AND TRAINING OF URBAN MINISTRY IN NEW YORK CITY AND OTHER URBAN AREAS.

Program Service Accomplishments

Program 1
Expenses: $3,257,681

THROUGH COURSES, STUDENTS LEARN SKILLS AND TECHNIQUES TO HELP THEM AID AND ENCOURAGE THE SPIRITUAL GROWTH OF INDIVIDUALS IN URBAN SETTINGS. THE PROGRAM TARGETS INDIVIDUALS WHO LIVE IN THE OUTER...

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THROUGH COURSES, STUDENTS LEARN SKILLS AND TECHNIQUES TO HELP THEM AID AND ENCOURAGE THE SPIRITUAL GROWTH OF INDIVIDUALS IN URBAN SETTINGS. THE PROGRAM TARGETS INDIVIDUALS WHO LIVE IN THE OUTER BOROUGHS OF NEW YORK CITY AND OTHER URBAN AREAS, WHERE THESE STUDENTS CAN GIVE BACK DIRECTLY TO THEIR COMMUNITIES.

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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 $3,562,458
Program Service Revenue $19,943
Investment Income $9,476
Other Revenue $6,152
TOTAL REVENUE $3,598,029

Expense Breakdown

Grants Paid $22,500
Salaries & Benefits $1,695,699
Fundraising Expenses $175,645
Program Expenses $3,257,681
Other Expenses $2,152,439
TOTAL EXPENSES $3,870,638

Year-over-Year Comparison

2023 2022 Change
Revenue $3,598,029 $1,682,584 +1.1%
Expenses $3,870,638 $3,019,538 +0.3%
Net Income $-272,609 $-1,336,954 -0.8%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
20
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
3
$330,704
Total Directors
7
$330,704
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK R GRONIK President 40.00
Officer Director
$323,000 $7,704 $330,704
BIJU GEORGE Director 1.00
Director
$0 $0 $0
MARJORIE CALVERT Director 1.00
Director
$0 $0 $0
DERRICK MIU Secretary 1.00
Director
$0 $0 $0
BOLA OYESANYA CHAIRPERSON 1.00
Officer Director
$0 $0 $0
SUSAN POST Director 1.00
Director
$0 $0 $0
JEFF WHITE Treasurer 1.00
Officer 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 $3,598,029 $3,870,638 $22,284,657 $-272,609
2022 $1,682,584 $3,019,538 $21,649,007 $-1,336,954
2021 $5,727,624 $2,396,664 $8,533,916 $3,330,960
2020 $6,577,294 $1,969,437 $6,633,276 $4,607,857
2019 $2,171,173 $1,750,782 $2,405,232 $420,391
2018 $1,574,331 $1,604,099 $2,153,880 $-29,768
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