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New York BBB Wise Giving Report for
The New York Foundling

A BBB Accredited charity

 



Expiration Date:
06/2016
Name:
The New York Foundling
Address:
590 Avenue of the Americas
New York, NY 10011
Phone:
212-633-9300
Year, State Incorporated:
1869, New York
Affiliates:
Fontana Center, New York Foundling Charitable Corporation
Stated Purpose:
" The New York Foundling was founded in 1869 by the Sisters of Charity as a home for abandoned children. Over the past 144 years, The Foundling has expanded its services, developing a broader mission: to empower underserved children and families to live healthy, independent, and fulfilling lives. We protect children from abuse and neglect, help overstressed parents meet the challenges of parenthood, and provide educationally enriched child care and preschool. In every borough of New York City, in Rockland and Westchester counties, and in Puerto Rico, we meet a variety of needs in communities struggling with poverty, drugs, and violence. "





Evaluation Conclusions
 

              
The New York Foundling Hospital meets the 20 Standards for Charity Accountability.




Programs
 

              
Our charity serves over thousands of individuals each year across a wide spectrum of diverse backgrounds and need. Our broad continuum of care supports families with multiple social, economic, medical, and psychological need, and includes: Foster care, adoption, and trauma specific treatment for abused and neglected children; Support services for juvenile offenders and their families; A charter school designed specifically for children in the child welfare system; Youth Development programs that support young adults transitioning from foster care to independence; Community-based family services; Casework and Mental Health Services for teen parents; Family crisis services, including a Parent Helpline and a safe haven for children; A summer camp program for youth in foster care and prevention programs; Early education and day-care;Enriching after-school activities for youth in low-income neighborhoods; Services for people with developmental disabilities.



Governance
 

              
Chief Executive Officer:
Mr. William Baccaglini, Chief Executive Officer
Compensation*:
$447,296
Chair of the Board:
Mr. Robert E. King Jr.
Chair's Profession / Business Affiliation:
President, Millbrae Energy LLC
Board Size:
22
Paid Staff Size:
1458



*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, planned giving arrangements
Fund raising costs were 14.7% of related contributions. (Related contributions, which totaled $7,346,989, 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 The New York Foundling's combined Audited Financial Statements for the fiscal year ended June 30, 2013.

Source of Funds  

Government & Other Grants & Contracts

$101,584,114

Contribution from Affiliate

10,300,000

Contributions

3,567,332

Other Program Revenue

2,979,006

In-kind Contributions

2,471,676

Realized & Unrealized Gains on Investment

1,656,373

Special Event Revenue, net direct expenses of $284,038

676,435

Legacies & Bequests

631,546

Interest & Dividends

606,805

Rental Loss, net of rental expenses of $373,050

(23,404)

Contribution to Affiliate

(49,861)


Total Income

$124,400,022

Program Expenses  

Foster Family Boarding Homes & Adoption

$28,211,869

OPWDD Services

21,899,714

Other Programs

15,883,714

Puerto Rico Headstart

12,239,795

Preventative Services

8,614,904

Foster Care Residential Facilities

7,283,937

Medicaid

6,081,513

Day Care

2,258,342
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Income in Excess of Expenses

102,473,788
1,077,882
13,009,810

$116,561,480

$7,838,542




Uses of Funds as a % of Total Expenses


Programs: 88%  Fund Raising: 1%  Administrative 11% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $51,961,536
121,301
Ending net assets 59,921,379
Total liabilities 33,367,489

Total assets

$93,288,868






 

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