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New York BBB Wise Giving Report for
New York Police & Fire Widows' & Children's Benefit Fund

A BBB Accredited charity

 



Expiration Date:
05/2015
Name:
New York Police & Fire Widows' & Children's Benefit Fund
Address:
767 Fifth Avenue
New York, NY 10153
Phone:
212-735-4505
Year, State Incorporated:
1986, New York
Affiliates:
None
Stated Purpose:
" New York Police & Fire Widows' and Children's Benefit Fund provides assistance to families of New York City police and fire personnel (including EMS and Port Authority) who have been killed in the line of duty. "





Evaluation Conclusions
 

              
New York Police & Fire Widows' and Children's Benefit Fund meets the 20 Standards for Charity Accountability.




Programs
 

              
The New York Police and Fire Widows' and Children's Benefit Fund gives grieving families assistance, regardless of financial need, after their loved ones have been killed in the line of duty. The Benefit Fund also makes an annual distribution to each beneficiary.



Governance
 

              
Chief Executive Officer:
Linda Giammona, Executive Director
Compensation*:
$183,750
Chair of the Board:
Stephen Dannhauser
Chair's Profession / Business Affiliation:
Weil, Gotshal & Manages LLP
Board Size:
20
Paid Staff Size:
3



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, internet, cause-related marketing (i.e. affinity credit cards, consumer product sales, etc. that indicate purchases will benefit your organization)
Fund raising costs were 14.1% of related contributions. (Related contributions, which totaled $3,533,771, 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 Police & Fire Widows' and Children's Benefit Fund's Audited Financial Statements for the fiscal year ended December 31, 2011.

Source of Funds  

Dinner and picnic revenue, net

$1,778,885

Interest and dividend income

1,715,205

General contributions

1,193,802

In-kind contributions

454,986

Dinner in-kind contributions

106,098

Unrealized (loss) gain on investments

(1,091,121)

Total Income

$4,157,855

Program Expenses  

Program service - benefit payments

$2,506,000
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Income in Excess of Expenses

2,506,000
499,670
666,193

$3,671,863

$485,992




Uses of Funds as a % of Total Expenses


Programs: 68%  Fund Raising: 14%  Administrative 18% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $43,359,518
Ending net assets 43,845,510
Total liabilities 97,123

Total assets

$43,942,633


From the organization: "'Other Expenses' are in the form of in-kind contributions to the Benefit Fund. The Benefit Fund has long standing relationships with certain companies that provided in-kind services to the charity, thus saving the charity from having to use donor contributions to pay for legal, accounting and other expenses. 'Other Expenses' accounted for 'Dinner-in-kind' in the amount $106,098 and for 'Management and General in-kind' in the amount of $456,987."



 

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.