| FORM 990, PART III, LINE 1 - ORGANIZATION'S MISSION |
ROBIN HOOD IS NEW YORK'S LARGEST LOCAL POVERTY-FIGHTING PHILANTHROPY. ROBIN HOOD FUNDS, SUPPORTS, AND CONNECTS COMMUNITY-BASED PARTNERS WHO PROVIDE DIRECT SERVICES TO NEW YORKERS LIVING AT OR BELOW THE POVERTY LINE AND LOW-INCOME NEW YORKERS WHO ARE AT RISK OF FALLING INTO POVERTY. INCORPORATED IN NEW YORK STATE IN 1988, ROBIN HOOD IS A NOT-FOR-PROFIT PUBLIC CHARITY. OUR MISSION IS TO ELEVATE NEW YORKERS OUT OF POVERTY. SINCE OUR FOUNDING, ROBIN HOOD HAS INVESTED NEARLY $3 BILLION DOLLARS IN THE FIGHT AGAINST POVERTY FUNDING THE MOST IMPACTFUL PROGRAMS IN SCHOOLS, FOOD PANTRIES, HOMELESS SHELTERS, JOB TRAINING CENTERS, HEALTH FACILITIES, LEGAL CLINICS, AND MORE. IN 2021, ROBIN HOOD INVESTED $171.6 MILLION TO FUND 686 GRANTS SERVING 425 COMMUNITY-BASED ORGANIZATIONS ACROSS ALL FIVE BOROUGHS OF NEW YORK CITY. BECAUSE ROBIN HOOD'S BOARD OF DIRECTORS COVERS 100% OF OUR OPERATING COSTS, EVERY DOLLAR RAISED FUELS THE JOURNEYS OF NEW YORKERS TO PERMANENTLY ESCAPE POVERTY. ROBIN HOOD'S FIGHT AGAINST POVERTY IS FOCUSED ON: 1. MEETING URGENT NEEDS WHICH INVOLVES FUNDING ORGANIZATIONS THAT PROVIDE FOOD, SHELTER, AND HEALTH CARE. 2. HELPING HOUSEHOLDS MOVE OUT OF POVERTY MEASURABLY AND SUSTAINABLY, WHICH IS THE KEY TO ENDING INTERGENERATIONAL POVERTY ROBIN HOOD PROVIDES SUPPORT IN EDUCATION, EARLY CHILDHOOD AND YOUTH, JOB TRAINING, IMMIGRANT SERVICES AND OTHER AREAS. |
| FORM 990, PART III, LINE 4A: CORE GRANT MAKING |
ROBIN HOOD MADE CASH GRANTS TO ORGANIZATIONS THROUGH FOUR LIFE-STAGE AREAS: EARLY CHILDHOOD; SCHOOL-AGE CHILDREN; YOUNG ADULTS; AND ADULTS AND HOUSEHOLD SUPPORTS. THESE GRANTS SUPPORT EDUCATION, HEALTH, HOUSING, HUNGER, LEGAL SERVICES, JOB TRAINING, AND INCOME SECURITY. ADDITIONALLY, ROBIN HOOD MADE GRANTS TO SUPPORT BESPOKE INITIATIVES LIKE THE POWER FUND, MOBILITY LABS, LEARNING AND TECHNOLOGY AND OUR BLUE RIDGE LABS INITIATIVE. ROBIN HOOD ALSO PROVIDES GENERAL OPERATING SUPPORT, POLICY AND ADVOCACY GRANTS, AND CAPITAL GRANTS. ROBIN HOOD'S GRANTMAKING STAFF EVALUATED PROGRAMS APPLYING FOR FUNDS TO DETERMINE GRANT RECOMMENDATIONS AND DEVELOP INITIATIVES IN RESPONSE TO UNMET NEEDS. THESE ASSESSMENTS INCLUDED VISITS TO THE ORGANIZATION, INTERVIEWS WITH PROGRAM ADMINISTRATORS, STAFF AND PARTICIPANTS, EVALUATION OF HISTORICAL RESULTS, AND FINANCIAL REVIEW. ROBIN HOOD'S CAPITAL GRANT INITIATIVE WORKS CLOSELY WITH OUR COMMUNITY PARTNERS TO HELP THESE ORGANIZATIONS MANAGE THEIR SPACE NEEDS. THE INITIATIVE OFFERS TECHNICAL ASSISTANCE, CONNECTIONS TO TOP INDUSTRY PROFESSIONALS, FUNDING FOR PRE-DEVELOPMENT COSTS AND, IN SELECT CASES, GRANTS FOR CAPITAL PROJECTS. THE INITIATIVE PLACES A PREMIUM ON FUNDING EARLY-STAGE PLANNING AS A WAY TO REDUCE COSTS AND RISKS FOR A COMMUNITY PARTNER'S CAPITAL PROJECT. MISSION INVESTMENTS IN OCTOBER 2018, ROBIN HOOD LAUNCHED A PILOT SOCIAL INVESTMENT STRATEGY THAT IS NOW KNOWN AS MISSION INVESTMENTS, A NEW INVESTMENT TOOL THAT ENABLES ROBIN HOOD TO SCALE IMPACT, LEVERAGE CREATIVITY, AND PRODUCE AN ACCEPTABLE RETURN. IN 2021, ROBIN HOOD DID NOT ISSUE ANY NEW RECOVERABLE LOANS. |
| FORM 990, PART III, LINE 4B: RELIEF GRANT MAKING: |
IN 2020 WHEN THE COVID-19 PANDEMIC BEGAN, ROBIN HOOD REACTIVATED ITS RELIEF FUND FOR THE THIRD TIME IN ITS HISTORY. DURING 2021, ROBIN HOOD MADE 254 RELIEF GRANTS TOTALING $20.2M TO 204 NONPROFIT ORGANIZATIONS ON THE FRONTLINES, ADDRESSING EMERGENCY NEEDS LIKE FOOD, HOUSING, AND THE NEEDS OF SENIORS AND CHILDREN. |
| FORM 990, PART III, LINE 4C: MANAGEMENT ASSISTANCE |
MANAGEMENT ASSISTANCE: ROBIN HOOD PROTECTS AND LEVERAGES ITS CHARITABLE INVESTMENTS WITH EXPERT MANAGEMENT AND TECHNICAL ASSISTANCE. THE GOAL IS TO BRING BEST-IN-CLASS RESOURCES TO SOLVE OUR PARTNERS' MOST PRESSING STRATEGIC AND OPERATIONAL CHALLENGES. WE WORK IN NINE MAIN AREAS: GOVERNANCE, STRATEGY, HUMAN CAPITAL, MARKETING, FUNDRAISING, FINANCE, LEGAL, TECHNOLOGY AND REAL ESTATE. CONSULTING IS DELIVERED BY ROBIN HOOD'S INTERNAL CONSULTING TEAM, CORPORATE PRO BONO PARTNERS AND TECHNICAL ASSISTANCE GRANTS. ROBIN HOOD ALSO PROVIDES TRAINING FOR THE STAFF AND BOARD MEMBERS OF ITS COMMUNITY PARTNERS. EXAMPLES INCLUDE DEVELOPING A STRATEGIC PLAN TO ENSURE EFFECTIVE RESOURCE ALLOCATION, STREAMLINING A FINANCIAL REPORTING SYSTEM TO MANAGE COSTS, OR DESIGNING AN EFFECTIVE WEBSITE TO ENHANCE FUNDRAISING. MANAGEMENT ASSISTANCE INVESTED $1.3M IN 2021 IN GRANTMAKING AND MULTI-PARTNER INITIATIVES. |
| FORM 990, PART VI, SECTION A, LINE 2 |
BOARD OF DIRECTORS MEMBERS PAUL TUDOR JONES AND GLENN DUBIN HAVE A BUSINESS RELATIONSHIP. BOARD OF DIRECTORS MEMBERS JOHN OVERDECK AND PAUL TUDOR JONES HAVE A BUSINESS RELATIONSHIP. BOARD OF DIRECTORS MEMBERS BOB PITTMAN AND JOHN SYKES HAVE A BUSINESS RELATIONSHIP. BOARD OF DIRECTORS MEMBERS JOHN OVERDECK AND DAVID SALTZMAN HAVE A BUSINESS RELATIONSHIP. BOARD OF DIRECTORS MEMBERS DANIEL OCH AND DAVID SOLOMAN HAVE A BUSINESS RELATIONSHIP. VICE CHAIR DINA POWELL MCCORMICK AND BOARD OF DIRECTORS MEMBER DAVID SOLOMAN HAVE A BUSINESS RELATIONSHIP. CEO, WES MOORE AND BOARD OF DIRECTORS MEMBER LARRY ROBBINS HAVE A BUSINESS RELATIONSHIP. |
| FORM 990, PART VI, SECTION B, LINE 11B |
ROBIN HOOD'S BOARD OF DIRECTORS HAS DELEGATED TO THE AUDIT, FINANCE AND COMPLIANCE COMMITTEE THE AUTHORITY TO REVIEW ROBIN HOOD'S FORM 990 PRIOR TO FILING. PURSUANT TO THAT AUTHORITY, AFTER REVIEW BY ROBIN HOOD'S TAX AND LEGAL ADVISORS, A DRAFT OF THE FORM 990 WAS SENT TO THE FULL AFC COMMITTEE FOR THE COMMITTEE'S REVIEW AND COMMENT. A COPY OF ROBIN HOOD'S FORM 990 WAS PROVIDED TO EACH MEMBER OF THE BOARD PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C |
ROBIN HOOD'S CONFLICT OF INTEREST POLICY PLACES AN AFFIRMATIVE OBLIGATION ON EACH OFFICER, DIRECTOR AND KEY EMPLOYEE TO DISCLOSE ANY CONTRACT OR TRANSACTION IN WHICH HE OR SHE HAS AN INTEREST AT THE TIME THAT THE CONTRACT OR TRANSACTION IS CONSIDERED BY THE BOARD OR COMMITTEE AUTHORIZING THE CONTRACT OR TRANSACTION. THE POLICY ALSO REQUIRES EACH OFFICER, DIRECTOR AND KEY EMPLOYEE TO FURNISH AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT. THE DISCLOSURE STATEMENT INCLUDES AN AFFIRMATION BY THE INDIVIDUAL SIGNING THE STATEMENT THAT HE OR SHE HAS READ ROBIN HOOD'S CONFLICT OF INTEREST POLICY AND AGREES TO ABIDE BY IT. THE DISCLOSURE DATA IS REVIEWED BY ROBIN HOOD'S GENERAL COUNSEL, WHO MAINTAINS A LIST OF RELATIONSHIPS THAT COULD GIVE RISE TO A CONFLICT OF INTEREST. PRIOR TO BOARD OR COMMITTEE MEETINGS WHERE CONTRACTS ARE TO BE VOTED ON, THE GENERAL COUNSEL REVIEWS THE AGENDA AND IDENTIFIES ANY POTENTIAL OR ACTUAL CONFLICTS OF INTEREST. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST IS IDENTIFIED, IT IS DISCLOSED TO THE BOARD OR COMMITTEE. IF THE INDIVIDUAL WITH THE POTENTIAL OR ACTUAL CONFLICT OF INTEREST IS PRESENT AT THE MEETING, HE OR SHE MAY PARTICIPATE IN THE INFORMATION-GATHERING STAGE OF THE BOARD'S OR COMMITTEE'S DISCUSSION BUT MUST LEAVE THE ROOM FOR THE FINAL DELIBERATION AND VOTE. |
| FORM 990, PART VI, SECTION B, LINE 15 |
ROBIN HOOD'S EXECUTIVE COMMITTEE HAS THE AUTHORITY TO MAKE DECISIONS RELATING TO THE COMPENSATION OF ITS TOP MANAGEMENT OFFICIAL AND KEY EMPLOYEES. (NOTE: ROBIN HOOD DOES NOT COMPENSATE ITS DIRECTORS OR NON-STAFF OFFICERS.) THE COMMITTEE IS ASSISTED IN THIS PROCESS BY AN OUTSIDE COMPENSATION CONSULTANT, LEGAL COUNSEL AND ROBIN HOOD'S AUDIT, FINANCE AND COMPLIANCE COMMITTEE. COMPENSATION DECISIONS ARE MADE WITH REFERENCE TO CURRENT COMPARABILITY DATA FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE ROLES AT SIMILARLY SITUATED ORGANIZATIONS PRESENTED BY THE OUTSIDE COMPENSATION CONSULTANT. ROBIN HOOD COMPLIES WITH THE "REBUTTABLE PRESUMPTION PROCEDURES FOR DETERMINING THAT COMPENSATION IS REASONABLE UNDER INTERNAL REVENUE CODE SECTION 4958. DELIBERATIONS AND DECISIONS REGARDING COMPENSATION ARRANGEMENTS ARE CONTEMPORANEOUSLY DOCUMENTED IN MEETING MINUTES. |
| FORM 990, PART VI, SECTION C, LINE 19 |
ROBIN HOOD'S CERTIFICATE OF INCORPORATION, BY-LAWS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC ON REQUEST. ROBIN HOOD'S AUDITED FINANCIAL STATEMENTS AND FORM 990 ARE POSTED ON ROBIN HOOD'S WEBSITE. A SUMMARY OF ROBIN HOOD'S AUDITED FINANCIAL STATEMENTS (ALSO APPROVED BY ROBIN HOOD'S AUDITORS) IS ALSO POSTED ON ROBIN HOOD'S WEBSITE. |
| FORM 990, PART XI, LINE 9: |
RESCINDED GRANTS 4,746,961. USI DONATED RENT -562,500. |
Attach to Form 990 or 990-EZ.