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New York BBB Wise Giving Report for
Ronald McDonald House of New York

A BBB Accredited charity

 


Expiration Date:
12/2013
Name:
Ronald McDonald House of New York
Address:
405 East 73rd Street
New York, NY 10021
Phone:
212-639-0100
Year, State Incorporated:
1978, New York
Affiliates:
None
Stated Purpose:
" Provides temporary housing for pediatric cancer patients and their families while the child receives treatment at nearby hospitals. "





Evaluation Conclusions
 

               
Ronald McDonald House of New York meets the 20 Standards for Charity Accountability.




Programs
 

               
Ronald McDonald House of New York (RMHNY) caters to the families of children suffering from cancer. RMHNY provides a home where families have the support of a caring community while their child receives treatment when they are so far from their homes. This service is provided to families for free or for a nominal fee, depending on need.



Governance
 

               
Chief Executive Officer:
William T. Sullivan, President & Cheif Executive Officer
Compensation*:
$389,428
Chair of the Board:
Stanley B. Shopkorn
Chair's Profession / Business Affiliation:
Hilltop Park LLC
Board Size:
54
Paid Staff Size:
50



*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.




Fund Raising
 

               
Method(s) Used:

Direct mail appeals, invitations to fund raising events, grant proposals, internet
Fund raising costs were 23.2% of related contributions. (Related contributions, which totaled $11,833,900, are donations received as a result of fund raising activities.)




Tax Status
 

               
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.




Financial
 

               
The following information is based on Ronald McDonald House of New York Audited Financial Statements for the fiscal year ended December 31, 2010.

Source of Funds  

Special Events, Net

 $5,475,860

Contributions

 3,008,525

Investment Income

 2,718,290

Direct Mail Contributions

 1,789,373

Bequests

 1,560,142

Room Rental

 827,085

McDonald's Owner/Operators Association

 150,000

Parking Garage Rental, Net of Costs

 118,874

Other

 34,128
Total Income
$15,682,277

Program Expenses  

Room Rental

$6,268,944

Education and Support

611,942

Volunteer Activities

372,750

Camp Ronald McDonald

69,305
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses
Total expenses

Income in Excess of Expenses

 7,322,941
2,742,488
1,150,837
$11,216,266

$4,466,011



Uses of Funds as a % of Total Expenses


Programs: 65%  Fund Raising: 25%  Administrative 10% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $55,629,424
Ending net assets 60,079,886
Total liabilities 9,543,150
Total assets
$69,623,036






 

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