Covenant House in New York, New York (NY)

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Covenant House
Employer Identification Number (EIN)132725416
Name of OrganizationCovenant House
In Care of NameDaniel C Mccarthy
Address5 Penn Plaza, New York, NY 10001-1810
ActivitiesOther youth organization or activities, Other housing activities
SubsectionCharitable Organization
Ruling Date03/1973
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2013
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$106,524,849
Amount of Income$64,417,553
Form 990 Revenue Amount$58,735,323
National Taxonomy of Exempt Entities (NTEE)Human Services - Multipurpose and Other: Children's, Youth Services


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Amount of income in 2013: $64,417,553
This organization: 

 $64,417,553
Other organizations performing similar types of work: 

 $1,921,542

Assets in 2013: $106,524,849
Covenant House: 

 $106,524,849
Other organizations performing similar types of work: 

 $1,502,293

Expenses in 2013: $66,098,655
Covenant House: 

 $66,098,655
Other organizations performing similar types of work: 

 $2,047,650

Income to expenses ratio in 2013: 1.0
This organization: 

 1.0
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2007: 52.9%
This organization: 

 52.9%
Other organizations performing similar types of work: 

 85.1%

Number of employees in 2013: 171
Covenant House: 

 171
Other organizations performing similar types of work: 

 53

Employees paid over $100,000 in 2013: 19.3%
Covenant House: 

 19.3%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 90.3%
This organization: 

 90.3%
Other organizations performing similar types of work: 

 4.5%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?NoNo
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNo
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoYes
Did the organization report an amount for other liabilities?YesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYes
Did the organization obtain separate, independent audited financial statements for the tax year?YesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?YesYes
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?YesYes
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?YesYes
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYes
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?YesYes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNo
Did the organization receive more than $25,000 in non-cash contributions?YesYes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?YesYes
Was the organization related to any tax-exempt or taxable entity?YesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 10965969
The number of Forms W-2G23
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return187171
Did the organization file all required federal employment tax returns?YesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNo
Has it filed a Form 990-T for this year?NoNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?YesYes
Did the organization notify the donor of the value of the goods or services provided?YesYes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$1,809,691$1,652,580
Total reportable compensation from related organizations$13,600$200,796
Total estimated amount of other compensation from the organization and related organizations$171,359$198,775
Total number of individuals who received more than $100,000 of reportable compensation from the organization2012
Total number of independent contractors who received more than $100,000 of compensation from the organization2621
Statement of Revenue
201120122013
Total revenue$56,690,665$60,747,137$58,735,323
Contributions, Gifts, Grants and Other Similar Amounts$53,659,955$56,997,922$53,043,829
Program Service Revenue$0$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$410,817$553,082$919,790
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$566,255$609,008$738,400
Net rental income$1,399,198$1,500,708$2,212,160
Gross rents (Real / Personal)$1,399,198 / $0$1,500,708 / $0$2,213,760 / $0
Less: rental expenses (Real / Personal)$0 / $0$0 / $0$1,600 / $0
Rental income or (loss) (Real / Personal)$1,399,198 / $0$1,500,708 / $0$2,212,160 / $0
Net gain/loss from sales of assets other than inventory$306,945$-61,510$411,209
Gross amount from sales of assets other than inventory (Securities / Other)$30,385,490 / $96,308$14,793,436 / $157,147$5,457,499 / $0
Less: cost or other basis and sales expenses (Securities / Other)$30,009,134 / $165,719$14,795,386 / $216,707$5,046,290 / $0
Gain or (loss) (Securities / Other)$376,356 / $-69,411$-1,950 / $-59,560$411,209 / $0
Net income/loss from fundraising events$340,848$1,135,518$1,404,750
Gross income from fundraising events$963,705$1,679,363$2,039,090
Less: direct expenses$622,857$543,845$634,340
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$6,647$12,409$5,185
900099$12,409$3,592
900099$0$1,593
All other revenue$0$0
Statement of Functional Expenses
201120122013
Total functional expenses$62,141,074$63,299,366$66,098,655
Grants and other assistance to domestic organizations and domestic governments$30,887,037$30,651,684
Grants and other assistance to domestic individuals$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$2,953,743$2,952,857
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$1,943,558$845,082$694,300
Compensation not included above, to disqualified persons$0$0
Other salaries and wages$5,133,674$6,225,674$6,664,707
Pension plan accruals and contributions$389,999$604,165
Other employee benefits$321,019$818,553
Payroll taxes$665,652$661,061$674,932
Fees for services (non-employees)
Management$170,150$354,690
Legal$37,663$17,609
Accounting$217,557$231,224
Lobbying$176,177$189,148
Professional fundraising services$494,677$297,013$429,306
Investment management fees$44,774$33,750
Other$0$0
Advertising and promotion$0$0
Office expenses$263,792$205,707
Information technology$69,581$53,954
Royalties$0$0
Occupancy$1,550,808$1,569,343
Travel$183,832$209,368
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$44,265$69,835
Interest$117,150$156,029
Payments to affiliates$92,976$171,065
Depreciation, depletion, and amortization$2,077,767$2,032,040
Insurance$75,547$113,061
Other expenses$5,923,287$6,350,829
Other expenses$5,699,565$6,341,753
Other expenses$2,899,440$3,059,431
Other expenses$256,425$334,355
Other expenses$817,982$1,114,960
Balance Sheet
201120122013
Total assets$93,560,658$95,174,908$106,524,849
Cash - non-interest-bearing$370,621$142,447
Savings and temporary cash investments$12,607,274$6,474,422
Pledges and grants receivable, net$7,571,085$4,777,312
Accounts receivable, net$252,228$276,533
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0
Notes and loans receivable, net$2,633,316$4,155,263
Inventories for sale or use$0$0
Prepaid expenses and deferred charges$365,213$441,010
Land, buildings, and equipment: cost or other basis$35,864,552$46,704,989
Investments - publicly traded securities$29,614,326$36,611,958
Investments - other securities$1,350,824$963,773
Investments - program-related$0$0
Intangible assets$0$0
Other assets$4,545,469$5,977,142
Total liabilities$21,264,040$32,301,388$51,884,577
Accounts payable and accrued expenses$3,055,084$4,088,886
Grants payable$0$0
Deferred revenue$2,553,988$2,502,294
Tax-exempt bond liabilities$0$0$0
Escrow or custodial account liability$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$17,300,000
Unsecured notes and loans payable to unrelated third parties$5,698,874$11,498,874$11,498,874
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$15,193,442$16,494,523
Total net assets or fund balances$72,296,618$62,873,520$54,640,272
Unrestricted net assets$53,503,269$42,723,657
Temporarily restricted net assets$3,025,989$5,324,650
Permanently restricted net assets$6,344,262$6,591,965
Capital stock or trust principal, or current funds$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$270,966,114
Subtotal Support$270,966,114
Gifts, grants, contributions, and membership fees received$270,966,114
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$0
Total Support$290,146,746
Public Support$270,966,114
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$13,905,444
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$5,275,188
Gross receipts from related activities, etc.$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$60,267,897$55,157,998$33,779,340$32,711,705$34,035,903$38,311,417$37,555,351$93,181,981
Contributions, gifts, grants, and similar amounts received$53,942,154$53,988,710$31,969,298$29,060,950$30,744,380$33,961,831$34,351,389$30,751,325
Contributions to donor advised funds$0$0
Direct public support$53,676,202$53,773,560$31,677,238$28,841,442$30,221,218$33,545,925$34,057,337$30,358,831
Indirect public support$265,952$215,150$292,060$219,508$336,666$231,550$108,416$288,775
Government contributions (grants)$0$0$0$0$186,496$184,356$185,636$103,719
Program service revenue including government fees and contracts$1,107,065$949,944$890,135$890,134$890,135$890,135$0$0
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$210,906$132,606$88,829$36,366$104,716$290,140$173,104$1,026,241
Dividends and interest from securities$1,612,827$1,017,200$1,934,377$796,126$646,512$712,902$871,639$504,367
Net rental income or (loss)$0$0$0$0$0$0$890,135$1,235,973
Gross rents$0$0$0$0$0$0$890,135$1,235,973
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$1,834,219$-1,822,561$-1,705,738$1,168,943$1,167,961$2,228,447$57,066$57,915,191
Gross amount from sales of assets other than inventory$12,075,208$13,682,243$7,473,521$16,887,999$5,700,918$19,209,010$3,476,901$81,022,308
Less: cost or other basis and sales expenses$10,240,989$15,504,804$9,179,259$15,719,056$4,532,957$16,980,563$3,419,835$23,107,117
Net income or (loss) from special events and activities$82,199$67,805$-118,144$-101,547$-194,281$-250,868$-77,631$537,169
Gross revenue$404,070$464,518$266,458$273,043$309,308$150,000$114,400$747,845
Less: direct expenses other than fundraising expenses$321,871$396,713$384,602$374,590$503,589$400,868$192,031$210,676
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$1,478,527$824,294$720,583$860,733$676,480$478,830$1,289,649$1,211,715
Total expenses$62,264,105$63,603,959$40,519,141$38,756,533$37,103,938$33,823,329$37,690,303$44,791,076
Program services$41,402,401$10,472,867$6,258,857$5,847,187$22,994,961$5,929,937$18,941,753$23,693,045
Management and general$5,365,895$3,082,741$3,144,061$3,168,570$3,270,462$2,598,600$5,080,821$6,543,717
Fundraising$14,416,410$10,453,981$8,905,118$9,776,746$8,955,501$10,796,025$13,667,729$14,554,314
Payments to affiliates$1,079,399$39,594,370$22,211,105$19,964,030$1,883,014$14,498,767$0$0
Net assets or fund balances at end of year$76,864,200$65,079,032$58,955,781$54,127,011$50,013,473$52,132,270$50,210,416$94,918,767
Excess or (deficit) for the year$-1,996,208$-8,445,961$-6,739,801$-6,044,828$-3,068,035$4,488,088$-134,952$48,390,905
Net assets or fund balances at beginning of year$84,309,147$76,864,200$65,079,032$58,955,781$54,127,011$50,013,473$52,132,270$50,210,416
Other changes in net assets or fund balances$-5,448,739$-3,339,207$616,550$1,216,058$-1,045,503$-2,369,291$-1,786,902$-3,682,554
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$44,791,076$23,693,045$6,543,717$14,554,314
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$722,556$413,569$254,627$54,360
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$6,466,423$2,356,995$1,873,982$2,235,446
Pension plan contributions not included above$114,656$48,178$24,502$41,976
Employee benefits not included above$758,624$294,058$200,452$264,114
Payroll taxes$637,924$268,056$136,324$233,544
Professional fundraising fees$455,216$0$0$455,216
Accounting fees$392,506$0$392,506$0
Legal fees$11,177$4,422$6,461$294
Supplies$203,507$40,332$103,709$59,466
Telephone$347,640$144,187$95,783$107,670
Postage and shipping$6,764,061$82,198$114,020$6,567,843
Occupancy$1,511,741$192,636$651,648$667,457
Equipment rental and maintenance$229,645$14,499$110,472$104,674
Printing and publications$4,515,148$1,994,742$38,481$2,481,925
Travel$242,426$160,147$24,985$57,294
Conferences, conventions, and meetings$196,128$82,034$89,410$24,684
Interest$81,117$0$81,117$0
Depreciation, depletion, etc.$1,216,621$761,321$244,390$210,910
Other expenses not covered above$19,923,960$16,835,671$2,100,848$987,441
Balance Sheets
20002001200220032004200520062007
Total assets$85,449,977$74,346,853$68,458,103$63,451,811$61,268,712$62,858,281$95,533,392$122,058,907
Cash - non-interest-bearing$12,063$14,589$12,405$6,705$4,963$9,317$307,412$351,866
Savings and temporary cash investments$4,258,295$3,525,476$7,346,276$3,481,324$8,461,982$10,332,807$7,464,571$16,520,610
Accounts receivable less allowance for doubtful accounts$781,685$970,804$627,058$419,755$527,473$1,378,581$1,211,112$341,705
Pledges receivable less allowance for doubtful accounts$2,281,876$3,098,213$2,271,545$2,159,359$2,828,412$1,934,833$1,721,436$1,310,711
Grants receivable$0$0$0$30,000$36,496$35,182$46,676$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$1,757,295$820,748$485,659$444,659$279,659$140,000$3,314,655$7,527,069
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$1,580,742$1,226,719$825,997$432,002$672,138$715,236$99,139$841,061
Investments - publicly-traded securities$27,504,812$30,961,299
Investments - other securities$49,285,923$40,494,246$34,229,256$34,177,265$27,600,126$25,225,880$0$18,615,278
Investments - land, buildings, and equipment less accumulated depreciation$0$36,295$39,295$39,295$36,600$39,295$10,562,244$36,180
Investments - other$0$0$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$24,440,926$22,456,961$21,135,559$20,824,254$20,537,378$22,227,473$38,955,931$42,321,126
Other assets, including program-related investments$1,051,172$1,702,802$1,485,053$1,437,193$283,485$819,677$4,345,404$3,232,002
Total liabilities$8,585,777$9,267,821$9,502,322$9,324,800$11,255,239$10,726,011$45,322,976$27,140,140
Accounts payable and accrued expenses$6,425,724$2,618,165$2,268,665$2,285,232$2,119,295$2,565,216$9,688,935$3,604,953
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$0$0$2,511,063
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$145,647$0$47,826$0$45,969$41,582$0$6,678,567
Other liabilities$2,014,406$6,649,656$7,185,831$7,039,568$9,089,975$8,119,213$35,634,041$14,345,557
Total liabilities and net assets/fund balances$85,449,977$74,346,853$68,458,103$63,451,811$61,268,712$62,858,281$95,533,392$122,058,907
Total net assets or fund balances$76,864,200$65,079,032$58,955,781$54,127,011$50,013,473$52,132,270$50,210,416$94,918,767
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$60,267,897$55,157,998$33,779,340$32,711,705$34,035,903$38,311,417$37,555,351$92,530,336
Total revenue, gains, and other support per audited financial statements$54,819,158$52,215,504$34,395,890$33,927,763$32,990,400$36,307,562$39,945,037$98,978,460
Other expenses$-5,448,739$-2,942,494$616,550$1,216,058$-1,045,503$-2,003,855$2,389,686$6,448,124
Net unrealized gains on investments$-5,056,890$-2,902,805$438,536$1,324,748$-697,631$-2,042,009$2,103,281$-217,973
Donated services and use of facilities$0$0$0$0$0$0$18,000$7,066,755
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$-391,849$-39,689$178,014$-108,690$-347,872$38,154$268,405$-400,658
Other revenue$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$62,264,105$63,603,959$40,519,141$38,756,533$37,103,938$33,823,329$37,690,303$44,791,076
Total expenses and losses per audited financial statements$62,264,105$64,000,672$40,519,141$38,756,533$37,103,938$33,823,329$37,708,303$51,857,831
Other revenue$0$396,713$0$0$0$0$18,000$7,066,755
Donated services and use of facilities$0$0$0$0$0$0$18,000$7,066,755
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$396,713$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
35$187,225$27,717$5,100
35$211,597$20,616$10,000
35$190,879$26,336$0
35$132,855$16,300$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings18
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 2006146
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$60,543,038$1,235,973
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$1,026,241$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$504,367$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$1,235,973
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$57,915,191$0
Net income or (loss) from special events000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$-114,476$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$0Royalty income excluded by section 512(b)(2)$1,211,715$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$159,695$24,199$0
$156,531$16,964$0
$154,041$18,347$0
$142,790$24,853$0
$144,785$15,813$0
Total number of other employees paid over $50,00028
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$171,000
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
19992000200120022003200420052006
Total$62,632,620$58,433,648$56,980,559$35,485,078$31,542,762$32,877,545$38,127,240$36,755,639
Gifts, grants, and contributions received$58,196,169$53,942,154$53,988,710$31,969,298$29,060,950$30,744,380$34,856,724$34,653,292
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$1,325,758$1,189,264$1,017,749$771,991$788,587$695,854$890,135$1,057,604
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$1,986,477$1,823,733$1,149,806$2,023,206$832,492$751,228$2,364,105$1,044,743
Net income from unrelated business activities not included above$61,636$82,786$64,335$78,472$185,997$16,487$16,276$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$1,062,580$1,395,711$759,959$642,111$674,736$669,596$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$23,693,045
Total lobbying expenditures$171,000
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$171,000
Other exempt purpose expenditures$23,522,045
Lobbying nontaxable amount$1,000,000
Grassroots nontaxable amount$250,000
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1The Childrens Aid Society105 East 22nd Street, New York, NY 10010-5413NY1920-11$236,899,519
2New York Foundling Hospital, Attn Payroll590 Ave Of The Americas, New York, NY 10011-2019NY1946-03$125,709,687
3Hillside Childrens Center, Vp Financial Services1183 Monroe Ave, Rochester, NY 14620-1662NY1955-06$101,339,794
4Harlem Childrens Zone Inc35 E 125th St, New York, NY 10035-1816NY1971-10$83,047,551
5Covenant House5 Penn Plaza, New York, NY 10001-1810NY1973-03$64,417,553
6Astor Services For Children & Families6339 Mill St, Rhinebeck, NY 12572-1427NY1946-03$49,246,446
7Parsons Child & Family Center60 Academy Rd, Albany, NY 12208-3103NY1946-01$29,501,722
8House Of The Good Shepherd1550 Champlin Ave, Utica, NY 13502-4828NY1943-10$28,915,228
9Vincent J Fontana Center For Child Protection27 Christopher St, New York, NY 10014-3518NY1946-03$1,000,733
10For All Kids Foundation1500 Broadway Ste 1710, New York, NY 10036-4052NY1997-05$318,057
11Wyandanch Youth Services Inc87 Wright St, West Babylon, NY 11704-1821NY1987-09$211,769
12Children With Challenges FdnNew York, NY 10019NY$25,866
13Little Flower Children & Family Services Of New York2450 N Wading River Rd, Wading River, NY 11792-1402NY1946-03$53,091,277
14Parsons Child & Family Center60 Academy Rd, Albany, NY 12208-3103NY1946-01$44,255,379
15New Directions Youth And Family Services Inc356 Main St, Randolph, NY 14772-9696NY1941-03$23,039,909
16Community Counseling And Mediation Service Inc, C C M S1 Hoyt St, Brooklyn, NY 11201-5809NY2004-03$9,891,885
17Institute For Student Achievement IncOne Old Country Road, Carle Place, NY 11514-1801NY2002-08$9,602,586
18Mission Of The Immaculate Vrgn For Protection Of Hmls & Dest Children, Mount LorettoMount Loretto-6581 Hylan Boulevard, Staten Island, NY 10309NY1975-10$9,292,680
19Center For Youth Services Inc905 Monroe Ave, Rochester, NY 14620-1707NY1972-02$5,215,173
20Aspira Of New York,Inc630 9th Ave 3rd Fl Room 302, New York, NY 10036-3708NY1966-07$2,981,543
Number of organizations performing similar types of work
Alaska3
Alabama5
Arkansas5
Arizona6
California74
Colorado7
Connecticut7
District of Columbia6
Delaware1
Florida24
Georgia12
Hawaii1
Iowa5
Idaho2
Illinois36
Indiana16
Kansas5
Kentucky5
Louisiana5
Massachusetts18
Maryland8
Maine6
Michigan16
Minnesota9
Missouri9
Mississippi1
Montana2
North Carolina12
Nebraska3
New Jersey14
New Mexico8
Nevada3
New York53
Ohio18
Oklahoma15
Oregon12
Pennsylvania29
South Carolina2
South Dakota1
Tennessee7
Texas20
Utah1
Virginia10
Vermont2
Washington8
Wisconsin12
West Virginia3
Wyoming1
International1
Total529

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