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Nonprofiteer
← THE CENTURY FOUNDATION INC

Form 990 for tax year 2023

Filed by THE CENTURY FOUNDATION INC.

Totals

Total revenue
$8,576,981
Total expenses
$12,442,527
Contributions and grants received
$6,127,352
Grants paid
$302,231
Program service revenue
$303,232
Investment income
$2,140,846
Other revenue
$5,551
Total assets, end of year
$61,192,201
Total liabilities, end of year
$4,197,647
Net assets or fund balances, end of year
$56,994,554
Program services expenses (Part IX)
$10,295,575
Management and general expenses
$1,536,814
Fundraising expenses
$610,138
Program service expenses (Part III)
$10,295,575

Program services were 82.7% 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.

  • 1e · Government grants (contributions)

    $39,900

  • 1f · All other contributions, gifts and grants

    $6,087,452

  • 2a · Program service revenue: SERVICE FEE INCOME

    total $303,232 · related or exempt $303,232

  • 3 · Investment income

    total $558,073 · excluded $558,073

  • 5 · Royalties

    total $5,535 · excluded $5,535

  • 6a · Gross rents

    real property $33,000

  • 6b · Less rental expenses

    real property $33,000

  • 6c · Rental income or loss

    real property $0

  • 7a · Gross sales of assets other than inventory

    securities $18,680,916

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

    securities $17,098,143

  • 7c · Gain or loss

    securities $1,582,773

  • 7d · Net gain or loss

    total $1,582,773 · excluded $1,582,773

  • 11a · Other revenue: OTHER REVENUE

    total $16 · excluded $16

  • 11e · Other revenue, total

    $16

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $267,698 · program services $267,698

  • 2 · Grants to domestic individuals

    total $34,533 · program services $34,533

  • 5 · Compensation of officers, directors and key employees

    total $724,026 · program services $368,565 · management and general $355,461

  • 7 · Other salaries and wages

    total $6,279,087 · program services $5,453,548 · management and general $345,110 · fundraising $480,429

  • 8 · Pension plan contributions

    total $292,563 · program services $254,742 · management and general $15,293 · fundraising $22,528

  • 9 · Other employee benefits

    total $751,503 · program services $637,674 · management and general $60,119 · fundraising $53,710

  • 10 · Payroll taxes

    total $767,546 · program services $640,437 · management and general $74,014 · fundraising $53,095

  • 11b · Fees: legal

    total $45,134 · program services $42,484 · management and general $2,650

  • 11c · Fees: accounting

    total $54,600 · program services $51,395 · management and general $3,205

  • 11f · Fees: investment management

    total $228,271 · management and general $228,271

  • 11g · Fees: other

    total $871,330 · program services $819,598 · management and general $51,356 · fundraising $376

  • 12 · Advertising and promotion

    total $127,565 · program services $102,813 · management and general $24,752

  • 13 · Office expenses

    total $160,320 · program services $119,337 · management and general $40,983

  • 14 · Information technology

    total $209,062 · program services $167,250 · management and general $41,812

  • 16 · Occupancy

    total $956,510 · program services $787,141 · management and general $169,369

  • 17 · Travel

    total $178,233 · program services $71,841 · management and general $106,392

  • 19 · Conferences, conventions and meetings

    total $335,765 · program services $335,765

  • 22 · Depreciation, depletion and amortization

    total $32,942 · program services $26,353 · management and general $6,589

  • 23 · Insurance

    total $40,252 · program services $32,202 · management and general $8,050

  • 24a · Other expenses: MISC EXPENSE

    total $63,255 · program services $59,867 · management and general $3,388

  • 24b · Other expenses: REPAIRS AND MAINTENCE

    total $22,332 · program services $22,332

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $81,741 · end of year $16,572

  • 2 · Savings and temporary cash investments

    beginning of year $1,116,061 · end of year $3,163,372

  • 3 · Pledges and grants receivable

    beginning of year $2,593,288 · end of year $1,938,396

  • 4 · Accounts receivable

    beginning of year $20,000 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $84,900 · end of year $25,686

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

    $894,093

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

    $696,745

  • 10c · Land, buildings and equipment, net

    beginning of year $134,486 · end of year $197,348

  • 11 · Investments: publicly traded securities

    beginning of year $25,384,750 · end of year $25,414,760

  • 12 · Investments: other securities

    beginning of year $27,435,495 · end of year $27,433,389

  • 15 · Other assets

    beginning of year $1,843,808 · end of year $3,002,678

  • 17 · Accounts payable and accrued expenses

    beginning of year $746,653 · end of year $798,116

  • 25 · Other liabilities

    beginning of year $2,066,929 · end of year $3,399,531

  • 27 · Net assets without donor restrictions

    beginning of year $50,050,496 · end of year $51,750,817

  • 28 · Net assets with donor restrictions

    beginning of year $5,830,451 · end of year $5,243,737

Mission and programs · 2023

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 WORKFORCE. THE CENTURY INTERNATIONAL TEAM CONDUCTS POLICY RESEARCH AND MAKES RECOMMENDATIONS THAT BUILD ON THE CENTURY FOUNDATION'S HISTORICAL COMMITMENT TO INTERNATIONAL 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. THE NATION'S ECONOMIC POLICIES - OR 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 TO ENSURE THAT EVERYONE, REGARDLESS OF RACIAL, GENDER, AND DISABILITY JUSTICE ACROSS OUR ECONOMY, BENEFITS FROM EFFORTS TO STRENGTHEN THE SOCIAL SAFETY NET TO BUILD AN ECONOMY THAT VALUES CARE WORK AND PROVIDES ECONOMIC OPPORTUNITY FOR ALL.

    Expenses $2,341,249 · Grants $302,231 · Revenue $303,232

  • HIGHER EDUCATION: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 $2,069,472

  • 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 $1,665,212

  • NEXT100:NEXT100 IS A PROGRAM 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 PROGRAM WHERE ASPIRING LEADERS CAN ENACT POLICY SOLUTIONS THAT WILL IMPACT NOT ONLY THIS GENERATION, BUT ALL GENERATIONS THAT FOLLOW.

    Expenses $1,133,508

  • HEALTH CARE:THE AMERICAN HEALTH CARE 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 CARE TEAM WORKS TO ADVANCE A TRULY UNIVERSAL, AFFORDABLE, AND HIGH-QUALITY HEALTH CARE SYSTEM THAT ADDRESSES ECONOMIC, RACIAL, AND GENDER DISPARITIES.

    Expenses $1,039,332

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

    Expenses $2,046,802

As filed on the 2023 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

  • Heather Howard

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Damon A Silvers

    TREASURER

    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

  • John B King Jr

    TRUSTEE THRU DEC 2023

    Total calculated
    $0
    Hours/week
    1

  • Aisha Mills

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mark Zuckerman

    PRESIDENT

    Total calculated
    $381,648
    From this org
    $362,500
    From related orgs
    $0
    Other
    $19,148
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $337,500
    Bonus
    $25,000
    Other
    $0
    Deferred
    $18,125
    Nontaxable benefits
    $1,023
    Filer's total
    $381,648

  • Lisa Sahulka

    CHIEF OPERATING OFFICER

    Total calculated
    $308,255
    From this org
    $266,073
    From related orgs
    $0
    Other
    $42,182
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $266,073
    Bonus
    $0
    Other
    $0
    Deferred
    $13,558
    Nontaxable benefits
    $28,624
    Filer's total
    $308,255

  • Ishmeet Sahni

    VICE PRESIDENT OF DEVELOPMENT

    Total calculated
    $245,368
    From this org
    $211,703
    From related orgs
    $0
    Other
    $33,665
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,703
    Bonus
    $0
    Other
    $0
    Deferred
    $10,748
    Nontaxable benefits
    $22,917
    Filer's total
    $245,368

  • Lucy Muirhead

    CHIEF STRATEGY OFFICER

    Total calculated
    $203,541
    From this org
    $175,260
    From related orgs
    $0
    Other
    $28,281
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,554
    Bonus
    $2,706
    Other
    $0
    Deferred
    $2,788
    Nontaxable benefits
    $25,493
    Filer's total
    $203,541

  • Stephan Lallinger

    EXECUTIVE DIRECTOR OF NEXT100

    Total calculated
    $249,857
    From this org
    $190,041
    From related orgs
    $0
    Other
    $59,816
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,041
    Bonus
    $0
    Other
    $0
    Deferred
    $10,845
    Nontaxable benefits
    $48,971
    Filer's total
    $249,857

  • Emily McGrath

    DIRECTOR OF WORKFORCE POLICY

    Total calculated
    $180,829
    From this org
    $173,051
    From related orgs
    $0
    Other
    $7,778
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,051
    Bonus
    $41,000
    Other
    $0
    Deferred
    $7,133
    Nontaxable benefits
    $645
    Filer's total
    $180,829

  • Julie P Kashen Senior Fellow

    & DIRECTOR, WOMEN'S ECONOMIC JUSTICE

    Total calculated
    $184,676
    From this org
    $172,362
    From related orgs
    $0
    Other
    $12,314
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,362
    Bonus
    $6,000
    Other
    $0
    Deferred
    $8,733
    Nontaxable benefits
    $3,581
    Filer's total
    $184,676

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
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
CERTAIN EMPLOYEES IN PART VII, SECTION A RECEIVED DISCRETIONARY BONUSES INCLUDED IN THEIR 2023 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
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202501359349300405

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