We are so excited to share more about an initiative we’ve been working on for the past eight months! In partnership with The Alliance of Resident Theatres/New York (A.R.T./NY), we have launched the NYC Bridge Funding for the Arts (NYCBFA), a loan fund that will provide short-term, below-market…
Nonprofits continue to experience difficult financial circumstances due to extended payment delays by the Mayor’s Office of Criminal Justice (MOCJ). SeaChange’s John MacIntosh analyzes the City’s current public data on contract registrations and payments, as well as MOCJ’s recent responses to scrutiny, in his article on NYNMedia here….
While there is continued improvement, a New Year’s check-in on contract delays suggests that much remains to do. Read more here from SeaChange’s John MacIntosh on the current state of contract delays, the catastrophic situation at MOCJ, and some suggestions for short-term actions that would help.
As reported in the New York Times, New York State Attorney General Letitia James announced a plan to revitalize the American Irish Historical Society (AIHS) and preserve the organization’s historic townhouse headquarters in New York City. As part of the plan, SeaChange’s John MacIntosh will serve as the…
The New York Times recently cited research published by SeaChange’s Minji Kim in its analysis of “Why New York’s Day Care Centers Are Going Broke” – it underscored the major issues associated with delayed registration and payments for City contracts. Read the NYT article here and Minji’s publication here.
Despite the attention it has received, contract registration is only the first step of the process that leads to payment. While Passport Public is a fantastic new tool, it only covers some contracts; and Checkbook – the other public source of data – is exhaustive but only for contracts that have…
This last summer, the Adams administration announced that $4.2 billion in payments to nonprofits had been “unlocked” through a 12-week initiative that registered 2,600 previously unregistered, retroactive contracts. While this is welcome news, nonprofit leaders know all too well that registration is only the first step to getting paid. In…
As previously discussed, human services contracts awarded by New York City have been plagued with issues of late registration and delayed payments. The Adams administration unveiled its new PASSPort Public system to bring transparency and accountability to these long-standing problems. This article highlights and analyzes some of the…
In May 2019, SeaChange provided a ~$373,000 loan to Brooklyn Community Services to cover acquisition and development costs of a shower bus in Brooklyn. The loan helped bridge the arrival of City funds secured for the project. The bus travels around East New York, Coney Island, and Park…
SeaChange has published a new report, A Primer on Nonprofit Mergers & Sustained Collaborations, detailing learnings from NYMAC’s work funding nonprofit collaborations since its founding in 2012.