EA FOUNDATION OF NY INC

EIN: 455357449 501(c)(3) Education

NEW YORK, NY

Total Revenue
$852,000
Total Expenses
$2,255,867
Total Assets
$41,983,108
Net Assets
$41,648,789
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
NY
Principal Officer
RICHARD BAUM
Phone
2127802300
Tax Period
2022-07-01 to 2023-06-30

EA FOUNDATION OF NY INC, founded in 2012, is a small nonprofit in the Education sector that reported $852K in total revenue in fiscal year 2022. Expenses of $2.3M exceeded revenue, resulting in a 165% operating deficit.

Mission

THE FOUNDATION HOLDS TITLE TO, AND MANAGES THE PREMISES AT WHICH THE EDUCATIONAL ALLIANCE WILL PROVIDE SERVICES TO RESIDENTS OF NEW YORK CITY, AS DESCRIBED ABOVE. ALLIANCE HOLDINGS, INC. AN AFFLIATE OF THE EDUCATIONAL ALLIANCE TRANSFERRED TITLE TO THE COMMUNITY FACILITY CONDOMINIUM LOCATED AT 179 HENRY STREET TO THE FOUNDATION. THE EDUCATIONAL ALLIANCE TRANSFERRED FEE TITLE TO THE REMAINING PORTION OF THE PREMISES (LOCATED AT 179 HENRY) TO THE FOUNDATION. THE FOUNDATION ENTERED INTO THE NMTC TRANSACTION AS A QUALIFIED ACTIVE LOW INCOME BUSINESS ("QALICB") AS DEFINED IN REG. 1.4SD(D)(4)(I). AS A QALICB, THE FOUNDATION WILL BE ENGAGED IN THE ACTIVE CONDUCT OF A TRADE OR BUSINESS IN AN ACTIVITY THAT FURTHERS ITS PURPOSE AS A NONPROFIT CORPORATION.

Program Service Accomplishments

Program 1
Expenses: $1,256,076 Revenue: $852,000

THE FOUNDATION IS A SUPPORTING ORGANIZATION TO THE EDUCATIONAL ALLIANCE AND IT IS SUPPORTING IT THROUGH GRANTS AND OTHER SUPPORTING ACTIVITIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $852,000
Investment Income $0
Other Revenue $0
TOTAL REVENUE $852,000

Expense Breakdown

Grants Paid $852,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,256,076
Other Expenses $1,403,867
TOTAL EXPENSES $2,255,867

Year-over-Year Comparison

2022 2021 Change
Revenue $852,000 $852,000 N/A
Expenses $2,255,867 $2,257,466 0.0%
Net Income $-1,403,867 $-1,405,466 0.0%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
2
Employees
N/A
Volunteers
1

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
$1,397,822
Total Directors
7
$1,397,822
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALAN VAN CAPELLE VICE PRESIDENT (OUTGOING) 2.10
Officer Director
$0 $36,219 $493,825
DARCY BRADBURY CHAIRMAN 1.00
Officer Director
$0 $0 $0
MARK ENSELMAN CFO 2.10
Officer Director
$0 $6,799 $234,242
ROBERTA KARP CHAIR (OUTGOING) 2.00
Officer Director
$0 $0 $0
ANYA HOERBURGER INTERIM CEO 1.00
Officer Director
$0 $30,252 $291,570
DONNA LARENCE SECRETARY (OUTGOING) 1.00
Officer Director
$0 $23,915 $146,246
JAMUAL WEBSTER CHIEF DEVELOPMENT OFFICER 1.00
Officer Director
$0 $6,750 $231,939
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 No data No data No data No data
2024 No data No data No data No data
2023 $852,000 $2,255,867 $41,983,108 $-1,403,867
2022 $852,000 $2,257,466 $43,386,975 $-1,405,466
2021 $852,000 $2,283,442 $44,832,620 $-1,431,442
2020 $58,201,981 $2,530,222 $46,595,719 $55,671,759
2019 $814,500 $2,506,628 $48,041,558 $-1,692,128
2018 $790,000 $2,500,433 $49,683,183 $-1,710,433
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