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Nonprofiteer
← THE CENTURY FOUNDATION INC

Form 990 for tax year 2022

Filed by THE CENTURY FOUNDATION INC.

Totals

Total revenue
$10,190,622
Total expenses
$11,634,049
Contributions and grants received
$8,074,065
Grants paid
$496,243
Program service revenue
$150,693
Investment income
$1,958,366
Other revenue
$7,498
Total assets, end of year
$58,694,529
Total liabilities, end of year
$2,813,582
Net assets or fund balances, end of year
$55,880,947
Program services expenses (Part IX)
$9,713,564
Management and general expenses
$1,356,333
Fundraising expenses
$564,152
Program service expenses (Part III)
$9,713,564

Program services were 83.5% 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.

  • 1f · All other contributions, gifts and grants

    $8,074,065

  • 1g · Noncash contributions included above

    $73,104

  • 2a · Program service revenue: SERVICE FEE INCOME

    total $150,693 · related or exempt $150,693

  • 3 · Investment income

    total $921,723 · excluded $921,723

  • 5 · Royalties

    total $7,494 · related or exempt $7,494

  • 7a · Gross sales of assets other than inventory

    securities $14,449,156

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

    securities $13,412,513

  • 7c · Gain or loss

    securities $1,036,643

  • 7d · Net gain or loss

    total $1,036,643 · excluded $1,036,643

  • 11a · Other revenue: OTHER REVENUE

    total $4 · excluded $4

  • 11e · Other revenue, total

    $4

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $496,243 · program services $496,243

  • 5 · Compensation of officers, directors and key employees

    total $635,033 · program services $251,118 · management and general $315,081 · fundraising $68,834

  • 7 · Other salaries and wages

    total $5,837,627 · program services $5,165,644 · management and general $290,241 · fundraising $381,742

  • 8 · Pension plan contributions

    total $225,419 · program services $202,509 · management and general $8,436 · fundraising $14,474

  • 9 · Other employee benefits

    total $759,517 · program services $651,040 · management and general $57,085 · fundraising $51,392

  • 10 · Payroll taxes

    total $686,514 · program services $577,218 · management and general $61,755 · fundraising $47,541

  • 11b · Fees: legal

    total $35,313 · program services $33,334 · management and general $1,979

  • 11c · Fees: accounting

    total $61,431 · program services $57,988 · management and general $3,443

  • 11f · Fees: investment management

    total $226,946 · management and general $226,946

  • 11g · Fees: other

    total $685,526 · program services $647,987 · management and general $37,370 · fundraising $169

  • 12 · Advertising and promotion

    total $285,492 · program services $257,970 · management and general $27,522

  • 13 · Office expenses

    total $168,352 · program services $128,360 · management and general $39,992

  • 14 · Information technology

    total $222,042 · program services $177,633 · management and general $44,409

  • 16 · Occupancy

    total $643,145 · program services $510,782 · management and general $132,363

  • 17 · Travel

    total $229,571 · program services $139,831 · management and general $89,740

  • 19 · Conferences, conventions and meetings

    total $206,354 · program services $206,354

  • 22 · Depreciation, depletion and amortization

    total $40,346 · program services $32,276 · management and general $8,070

  • 23 · Insurance

    total $59,504 · program services $47,603 · management and general $11,901

  • 24a · Other expenses: MISC EXPENSE

    total $118,756 · program services $118,756

  • 24b · Other expenses: REPAIRS AND MAINTENCE

    total $10,918 · program services $10,918

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $189,438 · end of year $81,741

  • 2 · Savings and temporary cash investments

    beginning of year $5,948,401 · end of year $1,116,061

  • 3 · Pledges and grants receivable

    beginning of year $2,091,357 · end of year $2,593,288

  • 4 · Accounts receivable

    beginning of year $25,000 · end of year $20,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $53,550 · end of year $84,900

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

    $798,289

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

    $663,803

  • 10c · Land, buildings and equipment, net

    beginning of year $174,832 · end of year $134,486

  • 11 · Investments: publicly traded securities

    beginning of year $20,174,394 · end of year $25,384,750

  • 12 · Investments: other securities

    beginning of year $28,104,594 · end of year $27,435,495

  • 15 · Other assets

    beginning of year $23,237 · end of year $1,843,808

  • 17 · Accounts payable and accrued expenses

    beginning of year $301,074 · end of year $746,653

  • 19 · Deferred revenue

    beginning of year $288,440 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $2,066,929

  • 27 · Net assets without donor restrictions

    beginning of year $51,061,813 · end of year $50,050,496

  • 28 · Net assets with donor restrictions

    beginning of year $5,133,476 · end of year $5,830,451

Mission and programs · 2022

Mission

THE CENTURY FOUNDATION IS A PROGRESSIVE, INDEPENDENT THINK TANK THAT CONDUCTS RESEARCH, DEVELOPS SOLUTIONS, AND DRIVES POLICY CHANGE TO MAKE PEOPLE'S LIVES BETTER. WE PURSUE ECONOMIC, RACIAL, GENDER, AND DISABILITY EQUITY IN EDUCATION, HEALTH CARE, AND WORK, AND PROMOTE U.S. FOREIGN POLICY THAT FOSTERS INTERNATIONAL COOPERATION, PEACE, AND SECURITY.

Activities or mission (Part I)

TO CONDUCT RESEARCH, DEVELOP SOLUTIONS, AND DRIVE POLICY CHANGE TO MAKE PEOPLE'S LIVES BETTER.

  • ECONOMIC OPPORTUNITY:POWERFUL INTERESTS HAVE TURNED THE ECONOMY AGAINST ORDINARY PEOPLE. OUR ECONOMIC POLICIES LACK THEREOF DIRECTLY CONTRIBUTE TO RECORD HIGH INEQUALITY AND MAKE IT NEARLY IMPOSSIBLE FOR VULNERABLE COMMUNITIES TO GET BY, LET ALONE GET AHEAD. TCF FIGHTS FOR RACIAL, GENDER, AND DISABILITY JUSTICE ACROSS OUR ECONOMY, FROM EFFORTS TO STRENGTHEN THE SOCIAL SAFETY NET TO BUILDING AN ECONOMY THAT VALUES CARE WORK, RACIAL, AND GENDER DISPARITIES.

    Expenses $2,844,861 · Grants $496,243 · Revenue $150,693

  • HIGHER EDUCATION:IS KEY TO UPWARD MOBILITY, YET OUR CURRENT SYSTEM IS RIDDLED WITH INEQUITIES, SKYROCKETING COSTS, AND ANTI-CONSUMER BEHAVIOR. TCF WORKS TO HOLD PREDATORY COLLEGES ACCOUNTABLE, LOWER TUITION COSTS AND EXPAND FINANCIAL AID, AND MAKE OUR CAMPUSES MORE AFFORDABLE AND ACCESSIBLE.

    Expenses $2,502,439

  • PK-12 EDUCATION:EDUCATION IS THE BEDROCK OF AMERICAN DEMOCRACY: IT'S ONE OF THE MOST POWERFUL TOOLS WE HAVE TO GIVE EVERYONE AN OPPORTUNITY TO SUCCEED. BUT TODAY, OUR SCHOOLS FROM PRE-K TO HIGH SCHOOL DON'T DELIVER ON THAT PROMISE. TCF WORKS TO CHANGE THAT, SO THAT EVERY CHILD, NO MATTER THEIR BACKGROUND, HAS ACCESS TO A HIGH-QUALITY EDUCATION.

    Expenses $1,334,838

  • NEXT100:NEXT100 IS A POP-UP THINK TANK BUILT FOR A NEW BRAND OF POLICY LEADERS, WORKING ON THE ISSUES THAT MATTER MOST TO THE NEXT GENERATION.THE NEXT GENERATION LIVES AND BREATHES THE ISSUES DRIVING THE PROGRESSIVE MOVEMENT FORWARD, AND BECAUSE OF THIS, THEY'RE IN A UNIQUE POSITION TO SHAPE THE FUTURE. NEXT100, AN INNOVATIVE POP-UP THINK TANK WHERE ASPIRING LEADERS CAN ENACT POLICY SOLUTIONS THAT WILL IMPACT NOT ONLY THIS GENERATION, BUT ALL GENERATIONS THAT FOLLOW.

    Expenses $1,285,012

  • HEALTH CARE:THE AMERICAN HEALTHCARE SYSTEM IS BESET WITH INEQUALITIES THAT HAVE A DISPROPORTIONATE IMPACT ON PEOPLE OF COLOR, PEOPLE WITH LOW INCOMES, AND OTHER OPPRESSED GROUPS. TCF'S HEALTH TEAM WORKS TO ADVANCE A TRULY UNIVERSAL, AFFORDABLE, AND HIGH-QUALITY HEALTH CARE SYSTEM THAT ADDRESSES ECONOMIC, RACIAL, AND GENDER DISPARITIES.

    Expenses $1,129,801

  • OTHER PROGRAMS (CROSS TEAMS, CENTURY INTERNATIONAL, COMMUNICATION AND EDITORIAL AND OTHERS)

    Expenses $616,613 · Revenue $7,494

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

Listed in Part VII

  • BRADLEY ABELOW

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • ALICIA H MUNNELL

    SECRETARY THRU MAR 2023

    Total calculated
    $0
    Hours/week
    5

  • DAMON A SLIVERS

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • ALEXANDER MORGAN CAPRON

    TREASURER THRU DEC 2022

    Total calculated
    $0
    Hours/week
    5

  • JONATHAN ALTER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JACOB HACKER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MELISSA HARRIS-PERRY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • HEATHER HOWARD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOHN B KING JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GEORGE MILLER

    TRUSTEE THRU DEC 2022

    Total calculated
    $0
    Hours/week
    1

  • AISHA MILLS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SONAL SHAH

    TRUSTEE THRU DEC 2022

    Total calculated
    $0
    Hours/week
    1

  • MARK ZUCKERMAN

    PRESIDENT

    Total calculated
    $368,523
    From this org
    $350,000
    From related orgs
    $0
    Other
    $18,523
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $325,000
    Bonus
    $25,000
    Other
    $0
    Deferred
    $17,500
    Nontaxable benefits
    $1,023
    Filer's total
    $368,523

  • LISA SAHULKA

    CHIEF OPERATING OFFICER

    Total calculated
    $254,251
    From this org
    $219,894
    From related orgs
    $0
    Other
    $34,357
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $219,294
    Bonus
    $600
    Other
    $0
    Deferred
    $11,235
    Nontaxable benefits
    $23,122
    Filer's total
    $254,251

  • RICHARD KAHLENBERG

    SENIOR FELLOW THRU AUG 2022

    Total calculated
    $224,489
    From this org
    $188,273
    From related orgs
    $0
    Other
    $36,216
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $102,909
    Bonus
    $0
    Other
    $85,364
    Deferred
    $5,044
    Nontaxable benefits
    $31,172
    Filer's total
    $224,489

  • ROBERT SHIREMAN

    SENIOR FELLOW/DIR. HIGHER EXCELLENCE

    Total calculated
    $195,852
    From this org
    $168,070
    From related orgs
    $0
    Other
    $27,782
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,470
    Bonus
    $600
    Other
    $0
    Deferred
    $8,538
    Nontaxable benefits
    $19,244
    Filer's total
    $195,852

  • ISHMEET SAHNI

    VICE PRESIDENT OF DEVELOPMENT

    Total calculated
    $184,825
    From this org
    $164,753
    From related orgs
    $0
    Other
    $20,072
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,153
    Bonus
    $600
    Other
    $0
    Deferred
    $8,318
    Nontaxable benefits
    $11,754
    Filer's total
    $184,825

  • LUCY MUIRHEAD

    CHIEF STRATEGY OFFICER

    Total calculated
    $184,385
    From this org
    $163,197
    From related orgs
    $0
    Other
    $21,188
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,597
    Bonus
    $600
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $21,188
    Filer's total
    $184,385

  • STEPHAN LALLINGER

    EXECUTIVE DIRECTOR OF NEXT 100

    Total calculated
    $202,146
    From this org
    $161,724
    From related orgs
    $0
    Other
    $40,422
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,124
    Bonus
    $600
    Other
    $0
    Deferred
    $8,320
    Nontaxable benefits
    $32,102
    Filer's total
    $202,146

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

  • 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

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4A
PURSUANT TO THE TERMS AND CONDITIONS OF RICHARD KAHLENBERG'S SEPARATION AGREEMENT, THE ORGANIZATION MADE SEVERANCE PAYMENTS IN THE AMOUNT OF $65,364 IN 2022. THE PAYMENTS WERE TREATED AS TAXABLE COMPENSATION TO THE RECIPIENT.
PART I, LINE 7
CERTAIN EMPLOYEES IN PART VII, SECTION A RECEIVED DISCRETIONARY BONUSES INCLUDED IN THEIR 2022 FORM W-2 DURING THE YEAR.

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

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202411369349315916

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