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New York BBB Wise Giving Report for
New York Cares

A BBB Accredited charity

 



Expiration Date:
11/2016
Name:
New York Cares
Address:
65 Broadway
19th Floor
New York, NY 10006
Phone:
212-228-5000
Year, State Incorporated:
1987, New York
Affiliates:
None
Stated Purpose:
" New York Cares was founded in 1987 by a group of friends who wanted to take action against the serious social issues facing New York City. Like many other caring New Yorkers with demanding schedules, they searched in vain for an organization that offered flexible, hands-on volunteer opportunities. Finding none, they created New York Cares to address the problems from the ground up. Our mission: to meet pressing community needs by mobilizing caring New Yorkers in volunteer services. "





Evaluation Conclusions
 

              
New York Cares meet the 20 Standards for Charity Accountability.




Programs
 

              

New York Cares is the city's leading volunteer management organization. Our programs address urban poverty, with two overarching goals: (1) to meet immediate needs such as providing meals to the hungry, and (2) to offer longer-term education services and other support to help individuals break the cycle of poverty. In FY14, New York Cares will engage 59,000 volunteers on projects that will help 400,000 New Yorkers in need.

Through our year-round programming, we plan and offer 1,500 projects per month, across 12 focus areas are: Youth Education; Youth Nutrition and Fitness; Youth Arts and Culture; Youth Services; Adult Education and Career Preparations; Services for Children and Adults with Special Needs; Support for Senior Citizens; Health and Wellness; Hunger; Community Revitalization; Animal Care; and Disaster Response and Recovery. New York Cares also runs four large scale, citywide events, which last year: revitalized more than 90 of New York City’s public schools and 70 parks and other public spaces; provided more than 39,000 disadvantaged children, teens, seniors, and families with gift during the holidays; and put gently used coats on the backs of 123,000 at risk children and adults during the cold winter months.

Additionally, as the office of Emergency Management’s lead partner for mobilizing volunteers during disaster, New York Cares was on the ground hours after Hurricane Sandy hit to bring assistance where – and as soon as – it was needed most. To date, we have helped tens of thousands of residents in the impacted communities (including the Rockaways, Staten Island, and Southern Brooklyn).






Governance
 

              
Chief Executive Officer:
Mr. Gary Bagley , Executive Director
Compensation*:
$210,665
Chair of the Board:
Mr. Paul Taubman
Chair's Profession / Business Affiliation:
Board President/New York Cares
Board Size:
23
Paid Staff Size:
93



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




Fund Raising
 

              
Method(s) Used:


Direct mail appeals, telephone appeals, invitations to fund raising events, print advertisements (newspapers, magazines, etc.), television, radio, grant proposals, cause-related marketing (i.e. affinity credit cards, consumer product sales, etc. that indicate purchases will benefit your organization)
Fund raising costs were 8.1% of related contributions. (Related contributions, which totaled $14,398,988, 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 New York Cares' Audited Financial Statements for the fiscal year ended June 30, 2013.

Source of Funds  

Corporations

$4,539,501

Donated Goods and Services

4,374,969

Individuals

2,232,991

Special Events, Net

1,812,566

Foundations

1,438,961

Investment Income

202,464

Rental Income

197,123

Government

86,050


Total Income

$14,884,625

Program Expenses  

Program Services

$11,379,593
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Income in Excess of Expenses

11,379,593
1,166,003
755,449

$13,301,045

$1,583,580




Uses of Funds as a % of Total Expenses


Programs: 86%  Fund Raising: 9%  Administrative 6% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $6,184,634
Ending net assets 7,768,214
Total liabilities 880,706

Total assets

$8,648,920






 

A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fundraising or promotional purposes and may not be reproduced or distributed in whole or in part.