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← CRAIG NEWMARK GRADUATE SCHOOL OF JOURNALISM CUNY FOUNDATION INC

Form 990 for tax year 2022

Filed by CRAIG NEWMARK GRADUATE SCHOOL OF JOURNALISM CUNY FOUNDATION INC.

Totals

Total revenue
$5,960,215
Total expenses
$8,150,888
Contributions and grants received
$5,403,233
Grants paid
$2,057,533
Program service revenue
$0
Investment income
$556,982
Other revenue
$0
Total assets, end of year
$34,112,274
Total liabilities, end of year
$1,415,162
Net assets or fund balances, end of year
$32,697,112
Program services expenses (Part IX)
$6,668,024
Management and general expenses
$1,481,950
Fundraising expenses
$914
Program service expenses (Part III)
$6,668,024

Program services were 81.8% 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

    $5,403,233

  • 3 · Investment income

    total $531,129 · excluded $531,129

  • 7a · Gross sales of assets other than inventory

    securities $540,111

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

    securities $514,258

  • 7c · Gain or loss

    securities $25,853

  • 7d · Net gain or loss

    total $25,853 · excluded $25,853

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $950,000 · program services $950,000

  • 2 · Grants to domestic individuals

    total $1,107,533 · program services $1,107,533

  • 7 · Other salaries and wages

    total $3,093,078 · program services $2,375,726 · management and general $717,352

  • 9 · Other employee benefits

    total $710,002 · program services $447,848 · management and general $262,154

  • 11a · Fees: management

    total $191,181 · program services $112,694 · management and general $78,487

  • 11f · Fees: investment management

    total $48,655 · management and general $48,655

  • 11g · Fees: other

    total $852,557 · program services $654,194 · management and general $198,363

  • 12 · Advertising and promotion

    total $11,576 · program services $11,076 · management and general $500

  • 13 · Office expenses

    total $8,408 · program services $4,140 · management and general $4,268

  • 14 · Information technology

    total $113,618 · program services $36,284 · management and general $77,334

  • 16 · Occupancy

    total $401,261 · program services $401,261

  • 17 · Travel

    total $130,304 · program services $121,311 · management and general $8,079 · fundraising $914

  • 24a · Other expenses: PROGRAM EXPENSES

    total $165,163 · program services $165,163

  • 24b · Other expenses: TELECOMMUNICATIONS

    total $129,354 · program services $125,811 · management and general $3,543

  • 24c · Other expenses: FOOD & BEVERAGES

    total $127,487 · program services $77,891 · management and general $49,596

  • 24d · Other expenses: MISCELLANEOUS

    total $104,802 · program services $73,825 · management and general $30,977

  • 24e · All other expenses

    total $5,909 · program services $3,267 · management and general $2,642

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $118,177 · end of year $118,177

  • 2 · Savings and temporary cash investments

    beginning of year $9,104,165 · end of year $8,274,865

  • 3 · Pledges and grants receivable

    beginning of year $1,359,420 · end of year $2,167,759

  • 4 · Accounts receivable

    beginning of year $22,610 · end of year $35,783

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,750,023 · end of year $2,097,511

  • 12 · Investments: other securities

    beginning of year $20,528,779 · end of year $21,418,179

  • 17 · Accounts payable and accrued expenses

    beginning of year $299,547 · end of year $1,325,187

  • 19 · Deferred revenue

    beginning of year $99,000 · end of year $89,000

  • 25 · Other liabilities

    beginning of year $500 · end of year $975

  • 27 · Net assets without donor restrictions

    beginning of year $2,469,053 · end of year $5,010,178

  • 28 · Net assets with donor restrictions

    beginning of year $31,015,074 · end of year $27,686,934

Mission and programs · 2022

Mission

THE FOUNDATION SUPPORTS AND ADVANCES THE EDUCATIONAL AND RESEARCH ACTIVITIES OF THE CRAIG NEWMARK GRADUATE SCHOOL OF JOURNALISM AT CUNY BY RAISING FUNDS AND MAKING CONTRIBUTIONS AND GRANTS TO THE SCHOOL OF JOURNALISM.

Activities or mission (Part I)

THE FOUNDATION SUPPORTS AND ADVANCES THE EDUCATIONAL AND RESEARCH ACTIVITIES OF THE CUNY GRADUATE SCHOOL OF JOURNALISM BY RAISING FUNDS AND MAKING CONTRIBUTIONS AND GRANTS TO THE SCHOOL OF JOURNALISM.

  • THE FOUNDATION SUPPORTS AND ADVANCES THE EDUCATIONAL AND RESEARCH ACTIVITIES OF THE CRAIG NEWMARK GRADUATE SCHOOL OF JOURNALISM AT CUNY BY RAISING FUNDS AND MAKING CONTRIBUTIONS AND GRANTS TO THE SCHOOL OF JOURNALISM.

    Expenses $6,668,024 · Grants $2,057,533

As filed on the 2022 return.

Listed in Part VII

  • CRISTINA ALESCI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JESSE ANGELO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARTY BARON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DENNIS BERMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HELEN CROSSEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NIKOLE HANNAH-JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LAURIE HAYS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANDREW HEYWARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STACY-MARIE ISHMAEL

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JOAN BARRY MCCORMICK

    EXECUTIVE DIRECTOR

    Total calculated
    $192,689
    From this org
    $0
    From related orgs
    $178,490
    Other
    $14,199
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $178,490 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $14,199 related
    Filer's total
    $0 + $192,689 related

  • MARJORIE MILLER

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • MARIA GRACIELA MOCHKOFSKY

    EX-OFFICIO DIRECTOR

    Total calculated
    $138,201
    From this org
    $0
    From related orgs
    $127,164
    Other
    $11,037
    Hours/week
    1

  • CRAIG NEWMARK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KAREN PENSIERO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICHARD RAVITCH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VIVEK SHAH

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • STEPHEN B SHEPARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ARTHUR SULZBERGER JR

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ALI VELSHI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOSE' ZAMORA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

Provenance

Return type
form_990
Tax year
2022
Filed
29 September 2023
IRS schema version
2022v5.0
Source object
202313209349302496

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