CIVIC NYC FUND INC

EIN: 813150380 501(c)(3) Philanthropy & Grantmaking

NEW YORK, NY

Total Revenue
$1,061,511
Total Expenses
$695,594
Total Assets
$92,403,212
Net Assets
$5,614,624
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
NY
Principal Officer
DAVID UMANSKY
Phone
2125717260
Tax Period
2023-01-01 to 2023-12-31

CIVIC NYC FUND INC, founded in 2016, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 313% from the prior year, signaling strong growth momentum. The organization ran a surplus of $366K, a strong 34% operating margin.

Mission

THE CORPORATION WAS FORMED AS A 501(C)(3) ORGANIZATION FOR THE PURPOSE OF FURTHERING THE CHARITABLE PURPOSES OF CIVIC BUILDERS, INC., A 501(C)(3) ORGANIZATION THAT PROVIDES TURN-KEY SOLUTIONS FOR CHARTER SCHOOL REAL ESTATE NEEDS. SPECIFICALLY, THIS CORPORATION WAS FORMED TO BORROW FUNDS AND TO MAKE LOANS AND INVESTMENTS INTO CHARTER SCHOOL DEVELOPMENT PROJECTS IN NEW YORK.

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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 $91,047
Program Service Revenue $462,863
Investment Income $507,601
Other Revenue $0
TOTAL REVENUE $1,061,511

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $643,341
Other Expenses $695,594
TOTAL EXPENSES $695,594

Year-over-Year Comparison

2023 2022 Change
Revenue $1,061,511 $257,310 +3.1%
Expenses $695,594 $238,527 +1.9%
Net Income $365,917 $18,783 +18.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
11
Employees
N/A
Volunteers
11

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
$555,342
Total Directors
13
$555,342
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID UMANSKY PRESIDENT 1.00
Officer Director
$510,684 $44,658 $555,342
SIMONE BRODY VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
DAVID LOO SECRETARY & TREASURER 1.00
Officer Director
$0 $0 $0
KHARY BARNES DIRECTOR 1.00
Director
$0 $0 $0
RON BEIT DIRECTOR 1.00
Director
$0 $0 $0
BRAHM CRAMER DIRECTOR 1.00
Director
$0 $0 $0
GENGER CHARLES DIRECTOR 1.00
Director
$0 $0 $0
ALAN SAGE DIRECTOR 1.00
Director
$0 $0 $0
SUSIE MILLER CARELLO DIRECTOR 1.00
Director
$0 $0 $0
KEITH RAND DIRECTOR 1.00
Director
$0 $0 $0
J DAVID SWEENY DIRECTOR 1.00
Director
$0 $0 $0
VIPUL TANDON DIRECTOR 1.00
Director
$0 $0 $0
EBEN ELLERTSON DIRECTOR THRU DEC 2023 1.00
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 $1,061,511 $695,594 $92,403,212 $365,917
2022 $257,310 $238,527 $44,353,143 $18,783
2021 $257,028 $190,609 $20,781,624 $66,419
2020 $498,057 $180,546 $19,199,218 $317,511
2019 $446,826 $152,858 $15,024,912 $293,968
2018 $1,105,559 $65,569 $10,002,134 $1,039,990
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