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Nonprofiteer
← THE NEW YORK PUBLIC LIBRARY ASTOR LENOX AND TILDEN FOUNDATIONS

Form 990 for tax year 2022

Filed by THE NEW YORK PUBLIC LIBRARY ASTOR LENOX AND TILDEN FOUNDATIONS.

Totals

Total revenue
$394,312,630
Total expenses
$393,521,704
Contributions and grants received
$307,632,756
Grants paid
$2,197,916
Program service revenue
$596,923
Investment income
$78,422,399
Other revenue
$7,660,552
Total assets, end of year
$2,583,808,812
Total liabilities, end of year
$460,648,020
Net assets or fund balances, end of year
$2,123,160,792
Program services expenses (Part IX)
$338,659,220
Management and general expenses
$44,192,780
Fundraising expenses
$10,669,704
Program service expenses (Part III)
$338,659,220

Program services were 86.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $4,195,488

  • 1e · Government grants (contributions)

    $241,730,634

  • 1f · All other contributions, gifts and grants

    $61,706,634

  • 1g · Noncash contributions included above

    $4,181,648

  • 2a · Program service revenue: PHOTOCOPY, MICROFILM

    total $395,778 · related or exempt $395,778

  • 2b · Program service revenue: FEES

    total $158,143 · related or exempt $158,143

  • 2c · Program service revenue: TICKET SALES

    total $36,727 · related or exempt $36,727

  • 2d · Program service revenue: INFORMATION SERVICES

    total $6,275 · related or exempt $6,275

  • 3 · Investment income

    total $10,975,365 · unrelated business -$98,635 · excluded $11,074,000

  • 5 · Royalties

    total $103,261 · excluded $103,261

  • 7a · Gross sales of assets other than inventory

    securities $338,985,088 · other assets $81,477,337

  • 7b · Less cost or other basis and sales expenses

    securities $317,930,015 · other assets $35,085,376

  • 7c · Gain or loss

    securities $21,055,073 · other assets $46,391,961

  • 7d · Net gain or loss

    total $67,447,034 · unrelated business $414,320 · excluded $67,032,714

  • 8a · Fundraising events: gross income

    $104,900

  • 8a · Fundraising events: contributions included on line 1c

    $4,195,488

  • 8b · Fundraising events: direct expenses

    $251,109

  • 8c · Net income from fundraising events

    total -$146,209 · excluded -$146,209

  • 10a · Gross sales of inventory

    $6,348,900

  • 10b · Cost of goods sold

    $4,739,835

  • 10c · Net income from sales of inventory

    total $1,609,065 · related or exempt $1,039,757 · unrelated business $569,308

  • 11a · Other revenue: FEE - USE OF SPACE

    total $3,751,126 · unrelated business $258,632 · excluded $3,492,494

  • 11b · Other revenue: UNIVERSAL SVCS REIMBUR

    total $1,504,877 · excluded $1,504,877

  • 11c · Other revenue: PUBLICATIONS

    total $252,263 · related or exempt $252,263

  • 11d · All other revenue

    total $586,169 · related or exempt $586,169

  • 11e · Other revenue, total

    $6,094,435

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $104,988 · program services $104,988

  • 2 · Grants to domestic individuals

    total $2,092,928 · program services $2,092,928

  • 5 · Compensation of officers, directors and key employees

    total $9,982,141 · program services $4,372,790 · management and general $4,894,209 · fundraising $715,142

  • 7 · Other salaries and wages

    total $162,273,395 · program services $145,901,240 · management and general $12,646,873 · fundraising $3,725,282

  • 8 · Pension plan contributions

    total $13,626,986 · program services $12,154,777 · management and general $1,159,318 · fundraising $312,891

  • 9 · Other employee benefits

    total $36,388,749 · program services $31,561,727 · management and general $3,792,521 · fundraising $1,034,501

  • 10 · Payroll taxes

    total $12,547,564 · program services $10,969,710 · management and general $1,256,254 · fundraising $321,600

  • 11b · Fees: legal

    total $579,537 · management and general $579,537

  • 11c · Fees: accounting

    total $516,008 · management and general $516,008

  • 11d · Fees: lobbying

    total $69,242 · management and general $69,242

  • 11e · Fees: professional fundraising services

    total $141,367 · fundraising $141,367

  • 11f · Fees: investment management

    total $5,853,162 · management and general $5,853,162

  • 11g · Fees: other

    total $11,936,798 · program services $10,014,127 · management and general $1,178,964 · fundraising $743,707

  • 12 · Advertising and promotion

    total $3,419,879 · program services $748,633 · management and general $387,911 · fundraising $2,283,335

  • 13 · Office expenses

    total $6,994,513 · program services $6,740,749 · management and general $183,169 · fundraising $70,595

  • 14 · Information technology

    total $9,020,650 · program services $6,649,594 · management and general $2,199,553 · fundraising $171,503

  • 16 · Occupancy

    total $32,371,586 · program services $29,146,878 · management and general $2,505,603 · fundraising $719,105

  • 17 · Travel

    total $546,785 · program services $498,247 · management and general $30,123 · fundraising $18,415

  • 19 · Conferences, conventions and meetings

    total $560,228 · program services $523,681 · management and general $27,645 · fundraising $8,902

  • 20 · Interest

    total $9,093,503 · program services $7,734,036 · management and general $1,088,305 · fundraising $271,162

  • 22 · Depreciation, depletion and amortization

    total $28,446,280 · program services $28,016,138 · management and general $347,020 · fundraising $83,122

  • 23 · Insurance

    total $3,753,122 · program services $3,500,016 · management and general $241,039 · fundraising $12,067

  • 24a · Other expenses: BOOKS AND BINDING

    total $30,891,843 · program services $30,891,843

  • 24b · Other expenses: BUILDING REPAIRS& RENOV

    total $4,261,384 · program services $4,169,124 · management and general $92,260

  • 24c · Other expenses: AUTO RELATED EXPENDITUR

    total $390,533 · program services $390,533

  • 24d · Other expenses: MEMBERSHIP DUES

    total $321,848 · program services $302,258 · management and general $18,990 · fundraising $600

  • 24e · All other expenses

    total $7,336,685 · program services $2,175,203 · management and general $5,125,074 · fundraising $36,408

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $292,760 · end of year $314,568

  • 2 · Savings and temporary cash investments

    beginning of year $205,915,807 · end of year $168,980,355

  • 3 · Pledges and grants receivable

    beginning of year $90,489,407 · end of year $69,778,290

  • 4 · Accounts receivable

    beginning of year $659,077 · end of year $913,295

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $395,022 · end of year $797,068

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,894,929 · end of year $9,700,233

  • 10a · Land, buildings and equipment: cost or other basis

    $1,181,723,752

  • 10b · Land, buildings and equipment: accumulated depreciation

    $500,735,492

  • 10c · Land, buildings and equipment, net

    beginning of year $650,820,212 · end of year $680,988,260

  • 11 · Investments: publicly traded securities

    beginning of year $252,411,060 · end of year $225,780,636

  • 12 · Investments: other securities

    beginning of year $1,201,235,434 · end of year $1,314,438,751

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $120,808,948 · end of year $112,117,356

  • 17 · Accounts payable and accrued expenses

    beginning of year $80,835,968 · end of year $64,663,238

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $8,049,429 · end of year $9,348,812

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $392,977,052 · end of year $386,635,970

  • 27 · Net assets without donor restrictions

    beginning of year $1,012,071,987 · end of year $1,053,435,211

  • 28 · Net assets with donor restrictions

    beginning of year $1,038,988,220 · end of year $1,069,725,581

Mission and programs · 2022

Mission

THE MISSION OF THE NEW YORK PUBLIC LIBRARY IS TO INSPIRE LIFELONG LEARNING, ADVANCE KNOWLEDGE, AND STRENGTHEN OUR COMMUNITIES.

Activities or mission (Part I)

TO INSPIRE LIFELONG LEARNING, ADVANCE KNOWLEDGE, & STRENGTHEN OUR COMMUNITIES.

  • THE BRANCH LIBRARIES - THE SERVICES OF THE 88 BRANCH LIBRARIES EXTEND FAR BEYOND LENDING BOOKS AND MATERIALS. OUR BRANCHES ARE SAFE AND WELCOMING SPACES WHERE PATRONS ATTEND PROGRAMS, ACCESS COMPUTERS AND THE INTERNET, AND ENGAGE WITH THEIR COMMUNITIES. NYPL PROVIDES FREE, HIGH-QUALITY EDUCATION SUPPORT TO PATRONS OF ALL AGES THROUGH A VARIETY OF PROGRAMS, FROM AFTER SCHOOL ENRICHMENT AND TEEN SERVICES TO ENGLISH LANGUAGE CLASSES AND JOB SUPPORT. NYPL'S NEW CENTER FOR EDUCATORS & SCHOOLS HELPS EDUCATORS BRING THE LIBRARY'S COLLECTIONS AND EXPERTISE INTO THE CLASSROOM. VITAL COMMUNITY OUTREACH SERVICES ENGAGE NEW PATRONS, SUCH AS ASYLUM SEEKERS, AND CONNECT THEM TO CRITICAL LIBRARY RESOURCES. FOR MORE INFORMATION, SEE SCHEDULE O.

    Expenses $218,204,235 · Grants $197,916 · Revenue $762,576

  • THE RESEARCH CENTERS - THE FOUR RESEARCH CENTERS - THE STEPHEN A. SCHWARZMAN BUILDING; THE THOMAS YOSELOFF BUSINESS CENTER; THE SCHOMBURG CENTER FOR RESEARCH IN BLACK CULTURE; AND THE LIBRARY FOR PERFORMING ARTS - CONTINUE TO EXPAND ACCESS TO OUR COLLECTIONS, WELCOME NEW AUDIENCES, AND INSPIRE THE NEXT GENERATION OF RESEARCHERS. DURING FISCAL YEAR 2023, THE RESEARCH CENTERS WELCOMED APPROXIMATELY 3.5 MILLION ON-SITE PATRONS AND SPONSORED MORE THAN 3,000 PROGRAMS WITH ALMOST 127,000 ATTENDEES. LIBRARY STAFF RESPONDED TO 180,000 REFERENCE INQUIRIES. THE LIBRARY'S COLLECTION HOLDS 47.4 MILLION ITEMS, PRIMARILY BOOK AND BOOK-LIKE MATERIALS BUT ALSO PERSONAL PAPERS, ARCHIVES, PHOTOGRAPHS, AUDIO RECORDINGS, FILMS, MAPS, SHEET MUSIC, PRINTS AND CLIPPINGS. FOR MORE INFORMATION, SEE SCHEDULE O.

    Expenses $120,454,985 · Grants $2,000,000 · Revenue $1,712,536

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Anthony W Marx

    TTEE, PRES AND CHIEF EXEC OFCR

    Total calculated
    $1,125,536
    From this org
    $1,021,350
    From related orgs
    $0
    Other
    $104,186
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $852,381
    Bonus
    $0
    Other
    $168,969
    Deferred
    $75,083
    Nontaxable benefits
    $29,103
    Filer's total
    $1,125,536
  • Kwame Anthony Appiah

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Peter Baldwin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • John H Banks III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Mahnaz Ispahani Bartos

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • Lisa J Blau

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Evan Robert Chesler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Hrh Princess Firyal

    TRUSTEE (END 11/9/22)

    Total calculated
    $0
    Hours/week
    5
  • Henry Louis Gates Jr

    TRUSTEE (END 11/9/22)

    Total calculated
    $0
    Hours/week
    1
  • Theodore Golf

    EX OFFICIO TTEE, REP OF SPKR

    Total calculated
    $0
    Hours/week
    1
  • William Gray

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Ethan Hawke

    TRUSTEE (END 11/9/22)

    Total calculated
    $0
    Hours/week
    1
  • Hubert Joly

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Michael Byungju Kim

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Beth Kojima

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • Jane Lauder

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Annette Gordon-Reed

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Scott D Malkin

    TRUSTEE (END 11/9/22)

    Total calculated
    $0
    Hours/week
    1
  • Catherine C Marron

    TRUSTEE (END 11/9/22)

    Total calculated
    $0
    Hours/week
    1
  • Raymond J McGuire

    VICE CHAIRMAN & TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Abby S Milstein

    CHAIRMAN & TRUSTEE

    Total calculated
    $0
    Hours/week
    10
  • Howard L Morgan

    FOUNDATION TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Susan Morgenthau

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3
  • Lisette Nieves

    EX OFFICIO TTEE, REP OF COMPT

    Total calculated
    $0
    Hours/week
    1
  • Richard L Plepler

    TRUSTEE (END 11/9/22)

    Total calculated
    $0
    Hours/week
    1
  • Katharine J Rayner

    FOUNDATION TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • David Remnick

    TRUSTEE (END 11/9/22)

    Total calculated
    $0
    Hours/week
    1
  • Carlos Rodriguez-Pastor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Paul M Romer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Andres Santo Domingo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Stephen A Schwarzman

    TRUSTEE (END 11/9/22)

    Total calculated
    $0
    Hours/week
    1
  • Dinakar Singh

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • Tracy K Smith

    TRUSTEE (END 11/9/22)

    Total calculated
    $0
    Hours/week
    1
  • Zadie Smith

    TRUSTEE (END 11/9/22)

    Total calculated
    $0
    Hours/week
    4
  • Andrew Solomon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3
  • Gayfryd Steinberg

    TRUSTEE (END 11/9/22)

    Total calculated
    $0
    Hours/week
    1
  • Joshua L Steiner

    TRUSTEE (END 11/9/22)

    Total calculated
    $0
    Hours/week
    1
  • George Stephanopoulos

    TRUSTEE (END 11/9/22)

    Total calculated
    $0
    Hours/week
    1
  • James S Tisch

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Maria Torres-Springer

    EX OFFICIO TTEE, REP OF MAYOR

    Total calculated
    $0
    Hours/week
    1
  • Luis A Ubinas

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4
  • Tali Farhadian Weinstein

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Anthony A Yoseloff

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Richard Cohen End 11922

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Arthur Koenig End 11922

    FOUNDATION TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Robert Liberman End 11922

    FOUNDATION TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Harold W McGraw III

    TRUSTEE (END 11/9/22)

    Total calculated
    $0
    Hours/week
    1
  • Tony Ageh

    CHIEF DIGITAL OFFICER (END 5/1/23)

    Total calculated
    $511,920
    From this org
    $444,336
    From related orgs
    $0
    Other
    $67,584
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $442,269
    Bonus
    $0
    Other
    $2,067
    Deferred
    $24,400
    Nontaxable benefits
    $43,184
    Filer's total
    $511,920
  • Brian Bannon

    MERRYL AND JAMES TISCH DIR

    Total calculated
    $475,411
    From this org
    $433,675
    From related orgs
    $0
    Other
    $41,736
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $412,718
    Bonus
    $0
    Other
    $20,957
    Deferred
    $24,400
    Nontaxable benefits
    $17,336
    Filer's total
    $475,411
  • Geetanjali Gupta

    CHIEF INVESTMENT OFFICER

    Total calculated
    $1,252,144
    From this org
    $1,185,501
    From related orgs
    $0
    Other
    $66,643
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $658,865
    Bonus
    $526,200
    Other
    $436
    Deferred
    $24,400
    Nontaxable benefits
    $42,243
    Filer's total
    $1,252,144
  • Risa Honig End 11822

    VP, CAPITAL PLANNING & CONSTR

    Total calculated
    $490,532
    From this org
    $286,679
    From related orgs
    $0
    Other
    $203,853
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $242,164
    Bonus
    $0
    Other
    $44,515
    Deferred
    $182,742
    Nontaxable benefits
    $21,111
    Filer's total
    $490,532
  • Caryl Matute

    VP, BRANCH LIBRARIES & PATRON SVCS

    Total calculated
    $508,367
    From this org
    $256,054
    From related orgs
    $0
    Other
    $252,313
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $234,893
    Bonus
    $0
    Other
    $21,161
    Deferred
    $209,357
    Nontaxable benefits
    $42,956
    Filer's total
    $508,367
  • Michele Coleman Mayes

    VP, GENERAL COUNSEL AND SEC

    Total calculated
    $516,793
    From this org
    $465,335
    From related orgs
    $0
    Other
    $51,458
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $461,830
    Bonus
    $0
    Other
    $3,505
    Deferred
    $32,666
    Nontaxable benefits
    $18,792
    Filer's total
    $516,793
  • George Mihaltses

    VP, GOV'T & COMMUNITY AFFRS

    Total calculated
    $376,914
    From this org
    $229,255
    From related orgs
    $0
    Other
    $147,659
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $228,473
    Bonus
    $0
    Other
    $782
    Deferred
    $118,328
    Nontaxable benefits
    $29,331
    Filer's total
    $376,914
  • Terrance Neal

    VP, HUMAN RESOURCES

    Total calculated
    $739,760
    From this org
    $344,753
    From related orgs
    $0
    Other
    $395,007
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $344,378
    Bonus
    $0
    Other
    $375
    Deferred
    $371,699
    Nontaxable benefits
    $23,308
    Filer's total
    $739,760
  • Fay Rosenfeld

    VP, PUBLIC PROGRAMS

    Total calculated
    $263,840
    From this org
    $241,045
    From related orgs
    $0
    Other
    $22,795
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $219,741
    Bonus
    $0
    Other
    $21,304
    Deferred
    $19,440
    Nontaxable benefits
    $3,355
    Filer's total
    $263,840
  • Shannon Sharp

    CFO & ASST TREASURER

    Total calculated
    $424,735
    From this org
    $360,688
    From related orgs
    $0
    Other
    $64,047
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $360,085
    Bonus
    $0
    Other
    $603
    Deferred
    $24,400
    Nontaxable benefits
    $39,647
    Filer's total
    $424,735
  • Jadrien F Steele

    VP, DEVELOPMENT

    Total calculated
    $497,452
    From this org
    $342,222
    From related orgs
    $0
    Other
    $155,230
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $341,843
    Bonus
    $0
    Other
    $379
    Deferred
    $112,868
    Nontaxable benefits
    $42,362
    Filer's total
    $497,452
  • Iris Weinshall

    COO AND TREASURER

    Total calculated
    $538,534
    From this org
    $499,779
    From related orgs
    $0
    Other
    $38,755
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $496,743
    Bonus
    $0
    Other
    $3,036
    Deferred
    $24,400
    Nontaxable benefits
    $14,355
    Filer's total
    $538,534
  • Garfield Swaby

    VP, INFORMATION TECHNOLOGY

    Total calculated
    $390,227
    From this org
    $259,921
    From related orgs
    $0
    Other
    $130,306
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $251,211
    Bonus
    $0
    Other
    $8,710
    Deferred
    $116,078
    Nontaxable benefits
    $14,228
    Filer's total
    $390,227
  • Sam Rubin

    CHIEF OF STAFF

    Total calculated
    $321,282
    From this org
    $260,384
    From related orgs
    $0
    Other
    $60,898
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $257,550
    Bonus
    $0
    Other
    $2,834
    Deferred
    $45,412
    Nontaxable benefits
    $15,486
    Filer's total
    $321,282
  • Gesille Dixon

    VP, BRANCH PROGRAMS AND SERVICES

    Total calculated
    $433,275
    From this org
    $211,579
    From related orgs
    $0
    Other
    $221,696
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $211,334
    Bonus
    $0
    Other
    $245
    Deferred
    $195,234
    Nontaxable benefits
    $26,462
    Filer's total
    $433,275
  • Angela Montefinese End 7122

    VP, COMMUNICATIONS & MKTING

    Total calculated
    -$71,012
    From this org
    $150,031
    From related orgs
    $0
    Other
    -$221,043
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $123,539
    Bonus
    $0
    Other
    $26,492
    Deferred
    -$242,035
    Nontaxable benefits
    $20,992
    Filer's total
    -$71,012
  • Brent Reidy

    ANDREW W. MELLON, DIRECTOR

    Total calculated
    $278,488
    From this org
    $252,833
    From related orgs
    $0
    Other
    $25,655
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $235,574
    Bonus
    $0
    Other
    $17,259
    Deferred
    $20,317
    Nontaxable benefits
    $5,338
    Filer's total
    $278,488
  • David Lem

    VP, CAPITAL PLANNING & CONSTR

    Total calculated
    $237,675
    From this org
    $183,640
    From related orgs
    $0
    Other
    $54,035
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $183,519
    Bonus
    $0
    Other
    $121
    Deferred
    $15,409
    Nontaxable benefits
    $38,626
    Filer's total
    $237,675
  • Stephen Betts

    INTERIM, CHIEF DIGITAL OFFICER

    Total calculated
    $217,148
    From this org
    $173,416
    From related orgs
    $0
    Other
    $43,732
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $173,343
    Bonus
    $0
    Other
    $73
    Deferred
    $14,510
    Nontaxable benefits
    $29,222
    Filer's total
    $217,148
  • Jennifer Ferminostart 12522

    VP, COMMUNICATIONS & MKTING

    Total calculated
    $23,906
    From this org
    $23,310
    From related orgs
    $0
    Other
    $596
    Hours/week
    35
  • Garrett Charles Bergen

    SNR. DIRECTOR, FACILITIES MGMT

    Total calculated
    $251,157
    From this org
    $196,158
    From related orgs
    $0
    Other
    $54,999
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $195,462
    Bonus
    $0
    Other
    $696
    Deferred
    $16,364
    Nontaxable benefits
    $38,635
    Filer's total
    $251,157
  • Peter Rummel

    DIRECTOR, INVESTMENTS

    Total calculated
    $482,256
    From this org
    $461,467
    From related orgs
    $0
    Other
    $20,789
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $252,813
    Bonus
    $207,581
    Other
    $1,073
    Deferred
    $20,225
    Nontaxable benefits
    $564
    Filer's total
    $482,256
  • Doris Zhao

    DIRECTOR, INVESTMENTS

    Total calculated
    $397,813
    From this org
    $367,040
    From related orgs
    $0
    Other
    $30,773
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $203,480
    Bonus
    $163,508
    Other
    $52
    Deferred
    $16,600
    Nontaxable benefits
    $14,173
    Filer's total
    $397,813
  • Jennifer Schantz End 7122

    FLEISCHMAN EXEC. DIRECTOR, LPA

    Total calculated
    $314,612
    From this org
    $331,163
    From related orgs
    $0
    Other
    -$16,551
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $146,794
    Bonus
    $0
    Other
    $184,369
    Deferred
    -$40,620
    Nontaxable benefits
    $24,069
    Filer's total
    $314,612
  • Marjoel Montalbo

    SNR DIRECTOR, BUDGET

    Total calculated
    $451,251
    From this org
    $242,670
    From related orgs
    $0
    Other
    $208,581
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $232,801
    Bonus
    $0
    Other
    $9,869
    Deferred
    $182,369
    Nontaxable benefits
    $26,212
    Filer's total
    $451,251
  • Joy Bivins

    DIRECTOR, THE SCHOMBURG CENTER

    Total calculated
    $308,553
    From this org
    $272,576
    From related orgs
    $0
    Other
    $35,977
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $272,416
    Bonus
    $0
    Other
    $160
    Deferred
    $22,082
    Nontaxable benefits
    $13,895
    Filer's total
    $308,553
  • William Kelly End 41522

    ANDREW W. MELLON DIRECTOR

    Total calculated
    $171,413
    From this org
    $151,589
    From related orgs
    $0
    Other
    $19,824
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $115,276
    Bonus
    $0
    Other
    $36,313
    Deferred
    $10,039
    Nontaxable benefits
    $9,785
    Filer's total
    $171,413
  • Carrie Welch End 53121

    CHIEF EXTERNAL RELATIONS OFFCR

    Total calculated
    $207,623
    From this org
    $207,623
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $207,623
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $207,623
  • Gennaro J Oliva End 42222

    SENIOR DIRECTOR, FACILITIES MGMT

    Total calculated
    $307,388
    From this org
    $111,681
    From related orgs
    $0
    Other
    $195,707
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $75,497
    Bonus
    $0
    Other
    $36,184
    Deferred
    $185,899
    Nontaxable benefits
    $9,808
    Filer's total
    $307,388

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Tax indemnification and gross-up payments
  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception
  • 9 · Followed the rebuttable-presumption procedure

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings

The filer's explanations (Part III)

PART I, LINE 1A
REIMBURSEMENT OF CERTAIN EXPENSES THE LIBRARY REIMBURSES THE PRESIDENT FOR CLUB MEMBERSHIP DUES AND PROVIDES A HOUSING ALLOWANCE AS PER HIS EMPLOYMENT CONTRACT. SUCH AMOUNTS ARE INCLUDED IN OTHER REPORTABLE COMPENSATION ON SCHEDULE J, PART II, COLUMN (B) (III).
TAX INDEMNIFICATION AND GROSS-UP PAYMENTS
SCHEDULE J, PART I, LINE 1A GROUP LIFE INSURANCE PREMIUMS ON THE FIRST $50,000 COVERAGE FOR ALL OFFICERS OF THE LIBRARY ARE GROSSED UP AND INCLUDED IN OTHER REPORTABLE COMPENSATION ON SCHEDULE J, PART II, COLUMN (B)(III). SEVERANCE COMPENSATION SCHEDULE J, PART I, LINE 4A CARRIE WELCH, FORMER CHIEF EXTERNAL RELATIONS OFFICER, AND JENNIFER SCHANTZ, EXECUTIVE DIRECTOR, LIBRARY FOR PERFORMING ARTS, RECEIVED SEVERANCE COMPENSATION OF $207,623 AND $154,500, RESPECTIVELY, IN CALENDAR YEAR 2022. THESE AMOUNTS ARE REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III). AMOUNTS PAID PURSUANT TO INCENTIVE COMPENSATION PLAN SCHEDULE J, PART I, LINE 7, 8, & 9 GEETANJALI GUPTA, PETER RUMMEL, AND DORIS ZHAO RECEIVED BONUSES OF $526,200, $207,581 AND $163,508, RESPECTIVELY, PURSUANT TO THEIR INCENTIVE COMPENSATION PLAN. A PORTION OF THESE AMOUNTS MAY REPRESENT DISCRETIONARY NON-FIXED PAYMENTS. THE PLAN WAS CREATED BY PWC, THE LIBRARY'S EXTERNAL COMPENSATION CONSULTANTS, AND THEN REVIEWED AND APPROVED BY THE CHIEF OPERATING OFFICER, THE INVESTMENT COMMITTEE, AND THE COMPENSATION AND TALENT COMMITTEE BEFORE BEING IMPLEMENTED. OTHER REPORTABLE COMPENSATION SCHEDULE J, PART II, COLUMN B(III) OTHER REPORTABLE COMPENSATION IN COLUMN B(III) FOR CERTAIN LISTED EMPLOYEES INCLUDES AMOUNTS DEFERRED UNDER A SECTION 457(B) PLAN AND CERTAIN IMPUTED INCOME AMOUNTS. RETIREMENT AND OTHER DEFERRED COMPENSATION SCHEDULE J, PART II, COLUMN C RETIREMENT AND OTHER DEFERRED COMPENSATION REFLECTS EITHER 1) THE CHANGE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PENSION PLAN, THE NEW YORK STATE AND LOCAL EMPLOYEES' RETIREMENT SYSTEM (NYSLERS), OR 2) THE LIBRARY'S ACTUAL CONTRIBUTION TO THE NEW YORK STATE VOLUNTARY DEFINED CONTRIBUTION PLAN (VDC).

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • PERPETUAL TRUST

    INVESTMENT · NY · controlled entity

Provenance

Return type
form_990
Tax year
2022
Filed
9 May 2024
IRS schema version
2022v5.0
Source object
202431359349308113

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