Nonprofit · EIN 13-3062214
THE NEW YORK COMMUNITY TRUST
Tax-exempt · NEW YORK, NY 10022
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $322,622,907 | $252,254,704 | $70,368,203 | $3,517,968,264 | $75,985,295 | $3,441,982,969 |
| December 31, 2023 | 990 | $282,473,287 | $238,398,524 | $44,074,763 | $3,249,988,975 | $75,105,762 | $3,174,883,213 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $111,449,682
- of which government grants
- $48,000
- Program service revenue
- $0
- Investment income
- $211,122,503
- Net gain from sales of assets
- $121,078,590
- Other revenue
- $50,722
Expenses
- Grants and similar amounts paid
- $201,499,581
- Compensation of officers, directors and key employees
- $4,253,198
- Other salaries and wages
- $7,177,124
- Salaries, compensation and benefits (total)
- $15,835,415
- Professional fundraising fees
- $0
- Legal fees
- $269,829
- Accounting fees
- $164,345
- Occupancy
- $2,213,441
- Travel
- $138,632
- Depreciation
- $123,448
- Program services (functional)
- $212,586,744
- Management and general (functional)
- $34,964,837
- Fundraising (functional)
- $4,703,123
Balance sheet and other
- Total assets, start of year
- $3,249,988,975
- Total assets, end of year
- $3,517,968,264
- Total liabilities, end of year
- $75,985,295
- Net assets, end of year
- $3,441,982,969
- Land, buildings and equipment
- $581,452
- Publicly traded securities
- $2,982,239,605
- Net assets without donor restrictions
- $3,441,982,969
- Gross unrelated business income
- -$5,152,513
- Gross receipts
- $1,080,717,242
- Employees
- 86
- Volunteers
- 42
- Year formed
- 1924
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AMY FREITAG | PRESIDENT Officer | 45 | $885,189 | $129,072 |
| DOMINICK IMPEMBA | COFO & TREASURER Officer | 45 | $481,654 | $99,338 |
| CARRIE TROWBRIDGE | GENERAL COUNSEL & SECRETARY Officer | 45 | $460,665 | $64,737 |
| SHAWN V MOREHEAD | VP & ASSISTANT SECRETARY Officer | 45 | $410,196 | $109,958 |
| REBECCA MANDELMAN | VP & CPO Officer | 45 | $387,387 | $54,703 |
| TATIANA POHOTSKY | CIO & ASSISTANT TREASURER Officer | 45 | $312,714 | $65,178 |
| AYANNA RUSSELL | VP & ASSISTANT SECRETARY Officer | 45 | $262,089 | $97,828 |
| IFRAN HASAN | DEPUTY VP & ASSISTANT SECRETARY Officer | 45 | $238,006 | $105,092 |
| WEN WENG CPA | CONTROLLER & ASSISTANT TREASURER Officer | 45 | $227,640 | $99,488 |
| JOHN J ODDY | VP & ASSISTANT SECRETARY Officer | 45 | $261,411 | $59,873 |
| DAVID OKORN | EXECUTIVE DIRECTOR Highest-paid employee | 45 | $237,066 | $79,380 |
| RODERICK JENKINS | SENIOR PROGRAM DIRECTOR Highest-paid employee | 45 | $194,274 | $112,364 |
| LAURA ROSSI | EXECUTIVE DIRECTOR Highest-paid employee | 45 | $211,912 | $87,845 |
| MARSHA CORCHADO | HUMAN RESOURCES DIRECTOR Highest-paid employee | 45 | $209,631 | $53,692 |
| EILEEN CASEY | ASSOC. DR, INVESTMENT OPERATIONS Highest-paid employee | 45 | $179,822 | $69,194 |
16 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARIE D'COSTA THRU 072024 | VP & ASSISTANT SECRETARY Officer | 45 | $169,694 | $54,383 |
| KERRY E MCCARTHY THRU 0624 | VP & ASSISTANT SECRETARY Officer | 45 | $156,554 | $19,248 |
| JAMIE DRAKE | CHAIR (AS OF 01/2024) Trustee or director, Officer | 3 | $0 | $0 |
| STEPHEN C ROBINSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JUDITH O RUBIN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BARRON M TENNY | DIRECTOR (THRU 01/2024) Trustee or director | 2 | $0 | $0 |
| ANN UNTERBERG | DIRECTOR Trustee or director | 2 | $0 | $0 |
| OBAID KHAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MALI SANANIKONE GAW | DIRECTOR Trustee or director | 2 | $0 | $0 |
| FERNANDO A BOHORQUEZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JANE E SALMON MD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KEVIN BYRNE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BRUCE M HOLLEY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARIANA CAMPERO | DIRECTOR (AS OF 10/2024) Trustee or director | 2 | $0 | $0 |
| STEVEN KOCH | DIRECTOR (AS OF 10/2024) Trustee or director | 2 | $0 | $0 |
| MICHAEL MARQUEZ | DIRECTOR (AS OF 10/2024) Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 29 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AMY FREITAG | PRESIDENT Officer | 45 | $842,183 | $125,753 |
| SHAWN V MOREHEAD | VP & ASSISTANT SECRETARY Officer | 45 | $401,745 | $118,897 |
| CARRIE TROWBRIDGE | GENERAL COUNSEL & SECRETARY Officer | 45 | $435,858 | $55,214 |
| KERRY E MCCARTHY | VP & ASSISTANT SECRETARY Officer | 45 | $340,382 | $141,669 |
| TATIANA POHOTSKY | CIO & ASSISTANT TREASURER Officer | 45 | $297,539 | $65,634 |
| MARIE D'COSTA | VP & ASSISTANT SECRETARY Officer | 45 | $259,065 | $96,717 |
| IFRAN HASAN | DEPUTY VP & ASSISTANT SECRETARY Officer | 45 | $241,280 | $108,416 |
| AYANNA RUSSELL | VP & ASSISTANT SECRETARY Officer | 45 | $246,177 | $99,999 |
| DAVID OKORN | LCF EXECUTIVE DIRECTOR Highest-paid employee | 45 | $229,091 | $93,069 |
| WEN WENG CPA | CONTROLLER & ASSISTANT TREASURER Officer | 45 | $217,476 | $99,178 |
| DOMINICK IMPEMBA | COO, CFO & TREASURER (AS OF 07/2023) Officer | 45 | $259,337 | $55,682 |
| JOHN J ODDY | VP & ASSISTANT SECRETARY Officer | 45 | $254,018 | $57,615 |
| LAURA ROSSI | WCF EXECUTIVE DIRECTOR Highest-paid employee | 45 | $198,658 | $93,440 |
| LEISLE LIN | CFO & TREASURER (THRU 07/2023) Officer | 45 | $249,553 | $22,361 |
| RODERICK JENKINS | PROGRAM DIRECTOR Highest-paid employee | 45 | $169,850 | $96,053 |
| MARTIN LIPP THRU 082023 | DIRECTOR OF COMMUNICATIONS Highest-paid employee | 45 | $233,808 | $30,311 |
| EILEEN CASEY | DIRECTOR OF INVESTMENT REPORTING Highest-paid employee | 45 | $161,592 | $65,201 |
| VALERIE S PELTIER | CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| JAMIE DRAKE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| STEPHEN C ROBINSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JUDITH O RUBIN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BARRON M TENNY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ANN UNTERBERG | DIRECTOR Trustee or director | 2 | $0 | $0 |
| OBAID KHAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MALI SANANIKONE GAW | DIRECTOR Trustee or director | 2 | $0 | $0 |
| FERNANDO A BOHORQUEZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JANE E SALMON MD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KEVIN BYRNE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BRUCE M HOLLEY | DIRECTOR (AS OF 04/2023) Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 909 THIRD AVENUE 22ND FL, NEW YORK, NY 10022-4752
- In care of
- % DOMINICK IMPEMBA
- Principal officer (990 for 2024)
- AMY FREITAG, 909 THIRD AVENUE 22ND FL, NEW YORK, NY 10022
- Signed the 990
- DOMINICK IMPEMBA, COFO & TREASURER
- Phone
- (212) 686-0010
- Website
- WWW.THENYTRUST.ORG
- Return prepared by
- GRANT THORNTON ADVISORS LLC
Mission
WE FOSTER & ENGAGE IN ENDURING AND INNOVATIVE PHILANTHROPY WITH A VISION (CONTINUED ON SCHEDULE O).
Program accomplishments
- OUR COMPETITIVE GRANTS SEEK TO PROMOTE HEALTHY LIVES, EXPAND OPPORTUNITIES, STRENGTHEN FAMILIES, AND CREATE STRONG, VITAL COMMUNITIES. OUR GOVERNING BOARD HAS IDENTIFIED FOUR CATEGORIES OF ACTIVITY TO CARRY OUT THESE OBJECTIVES. THEY ARE SUMMARIZED IN SCHEDULE O.Expenses $212,586,744 · grants $201,499,581
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-3062214
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1959
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T310)
- Assets (IRS master file)
- $3,517,968,264
- Income (IRS master file)
- $1,080,717,242
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $322,622,907 | $252,254,704 | $3,517,968,264 | XML |
| 990 | December 2023 | $282,473,287 | $238,398,524 | $3,249,988,975 | XML |
| 990 | December 2022 | $314,675,691 | $238,086,890 | $2,933,076,201 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-3062214).
Questions about THE NEW YORK COMMUNITY TRUST
- What is the EIN of THE NEW YORK COMMUNITY TRUST?
- The employer identification number (EIN) of THE NEW YORK COMMUNITY TRUST is 13-3062214.
- Is THE NEW YORK COMMUNITY TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1959.
- Are donations to THE NEW YORK COMMUNITY TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE NEW YORK COMMUNITY TRUST file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE NEW YORK COMMUNITY TRUST due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE NEW YORK COMMUNITY TRUST last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE NEW YORK COMMUNITY TRUST?
- The 990 for the year ended December 31, 2024 names AMY FREITAG.
- Who are the officers and directors of THE NEW YORK COMMUNITY TRUST?
- The 990 for the year ended December 31, 2024 lists 31 people; 17 received compensation from the organization, the highest $885,189 (AMY FREITAG, PRESIDENT).
- How much revenue does THE NEW YORK COMMUNITY TRUST have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $322,622,907, expenses of $252,254,704 and total assets of $3,517,968,264 at year end.
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