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New York BBB Wise Giving Report for
University Settlement Society of New York

A BBB Accredited charity

 



Expiration Date:
07/2015
Name:
University Settlement Society of New York
Address:
184 Eldridge Street
New York, NY 10002
Phone:
212-674-9120
Year, State Incorporated:
1892, New York
Affiliates:
The Door - A Center of Alternatives, Inc., Broome Street Academy
Stated Purpose:
" University Settlement is one of New York's most dynamic social service institutions with deep roots on the Lower East Side. Each year University Settlement's diverse programs help over 25,000 low-income and at-risk people build better lives for themselves and their families. As the first settlement house in the United States, University Settlement has been an incubator for progressive ideas for over 125 years, offering pioneering programs in mental health, early childhood education, literacy, arts education, and adolescent development that set the standard. University Settlement now provides services at 21 locations in lower Manhattan as well as in upper Manhattan and Brooklyn. "





Evaluation Conclusions
 

              
University Settlement Society of New York meets the 20 Standards for Charity Accountability.




Programs
 

              
Provides child care, after-school camp programs, teen leadership training, academic guidance, internships, mental health counseling, case management services, adult literacy classes, technology classes, jobs and housing assistance, arts programs, a senior center, credit union, and more.



Governance
 

              
Chief Executive Officer:
Mr. Michael H. Zisser, Chief Executive Officer
Compensation*:
$281,677
Chair of the Board:
Ms. Heather Goldman
Board Size:
26
Paid Staff Size:
387



*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 2.1% of related contributions. (Related contributions, which totaled $19,487,868, 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 University Settlement Society of New York's Audited Financial Statements for the fiscal year that ended June 30, 2012.

Source of Funds  

Government grants and contracts

$15,967,589

Foundation and corporate support

2,820,606

Program fees

899,440

Miscellaneous

856,315

Management fees

640,750

Special events, net

351,603

Contributions

348,070

Excess of assets acquired over liabilities assumed in donation of Creative Center, Inc.

258,632

Hospital fees

202,440

Realized and unrealized gain on investments

40,110

Dividend and interest income

20,986

Total Income

$22,406,541

Program Expenses  

Early Childhood services

$8,943,866

Family and counseling services

7,299,297

Youth services

3,235,947
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Income in Excess of Expenses

19,479,110
401,643
1,654,676

$21,535,429

$871,112




Uses of Funds as a % of Total Expenses


Programs: 91%  Fund Raising: 2%  Administrative 8% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $6,604,496
Ending net assets 7,475,608
Total liabilities 2,109,822

Total assets

$9,585,430






 

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