Form 990 for tax year 2022
Filed by THE GRADUATE CENTER FOUNDATION INC.
Totals
- Total revenue
- $6,755,470
- Total expenses
- $8,957,407
- Contributions and grants received
- $5,501,980
- Grants paid
- $3,813,064
- Program service revenue
- $0
- Investment income
- $1,233,021
- Other revenue
- $20,469
- Total assets, end of year
- $64,986,118
- Total liabilities, end of year
- $301,199
- Net assets or fund balances, end of year
- $64,684,919
- Program services expenses (Part IX)
- $8,564,957
- Management and general expenses
- $227,672
- Fundraising expenses
- $164,778
- Program service expenses (Part III)
- $8,564,957
Program services were 95.6% 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.
-
1d · Related organizations
$158,113
-
1f · All other contributions, gifts and grants
$5,343,867
-
3 · Investment income
total $1,166,148 · excluded $1,166,148
-
7a · Gross sales of assets other than inventory
securities $1,144,693
-
7b · Less cost or other basis and sales expenses
securities $1,077,820
-
7c · Gain or loss
securities $66,873
-
7d · Net gain or loss
total $66,873 · excluded $66,873
-
11a · Other revenue: OTHER REVENUE
total $20,469 · excluded $20,469
-
11e · Other revenue, total
$20,469
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $27,390 · program services $27,390
-
2 · Grants to domestic individuals
total $3,557,724 · program services $3,557,724
-
3 · Grants to foreign organizations and individuals
total $227,950 · program services $227,950
-
7 · Other salaries and wages
total $2,617,434 · program services $2,562,069 · fundraising $55,365
-
11b · Fees: legal
total $8,870 · program services $8,870
-
11c · Fees: accounting
total $22,552 · management and general $22,552
-
11f · Fees: investment management
total $181,183 · management and general $181,183
-
11g · Fees: other
total $1,343,036 · program services $1,325,211 · fundraising $17,825
-
12 · Advertising and promotion
total $37,492 · program services $37,492
-
13 · Office expenses
total $220,061 · program services $197,435 · fundraising $22,626
-
14 · Information technology
total $100,264 · program services $50,961 · fundraising $49,303
-
17 · Travel
total $266,777 · program services $258,265 · fundraising $8,512
-
19 · Conferences, conventions and meetings
total $294,058 · program services $285,908 · fundraising $8,150
-
23 · Insurance
total $18,979 · program services $2,113 · management and general $16,866
-
24a · Other expenses: MISCELLANEOUS
total $17,915 · program services $14,918 · fundraising $2,997
-
24b · Other expenses: BANK & CREDIT CARD PROC
total $11,184 · program services $4,113 · management and general $7,071
-
24c · Other expenses: EQUIPMENT
total $4,538 · program services $4,538
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,602,973 · end of year $2,398,164
-
2 · Savings and temporary cash investments
beginning of year $4,010,491 · end of year $1,560,093
-
3 · Pledges and grants receivable
beginning of year $8,505,953 · end of year $6,924,534
-
9 · Prepaid expenses and deferred charges
beginning of year $1,287,114 · end of year $3,227,076
-
10a · Land, buildings and equipment: cost or other basis
$61,754
-
10b · Land, buildings and equipment: accumulated depreciation
$61,754
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $43,905,628 · end of year $46,791,421
-
12 · Investments: other securities
beginning of year $4,851,107 · end of year $3,329,397
-
15 · Other assets
beginning of year $595,301 · end of year $755,433
-
17 · Accounts payable and accrued expenses
beginning of year $323,412 · end of year $261,640
-
25 · Other liabilities
beginning of year $36,359 · end of year $39,559
-
27 · Net assets without donor restrictions
beginning of year $3,141,794 · end of year $3,088,623
-
28 · Net assets with donor restrictions
beginning of year $62,257,002 · end of year $61,596,296
Mission and programs · 2022
Mission
SEE SCHEDULE O
-
SEE SCHEDULE O:THE GRADUATE CENTER FOUNDATION WAS ESTABLISHED IN 1983 AS AN INDEPENDENT NOT-FOR-PROFIT ENTITY THAT IS COMMITTED TO PROMOTING AND SAFEGUARDING THE SUCCESS OF THE GRADUATE CENTER. AS THE SOLE CHANNEL FOR CONTRIBUTIONS TO THE PROGRAMS, CENTERS AND INSTITUTIONS OF THE GRADUATE CENTER, THE FOUNDATION WORKS WITH THE PRESIDENT AND PROVOST OF THE GRADUATE CENTER ON INSTITUTIONAL PRIORITIES SUCH AS STUDENT SUPPORT, CAREER PLANNING AND COLLABORATIVE RESEARCH, AND WITH PROGRAM LEADERS ON TARGETED SCHOLARSHIPS AND STIPENDS, TRAVEL AND CONFERENCE SUPPORT, AND COMMUNICATING TO AND FROM ALUMNI. THE FOUNDATION ALSO MANAGES AND INVESTS DONATIONS FOR USE BY THE GRADUATE CENTER.THE CUNY GRADUATE CENTER IS LOCATED IN THE HEART OF MANHATTAN AND SET WITHIN THE LARGE AND MULTI-CAMPUS CITY UNIVERSITY OF NEW YORK. IT FOSTERS ADVANCED GRADUATE EDUCATION, ORIGINAL RESEARCH AND SCHOLARSHIP, INNOVATIVE UNIVERSITY-WIDE PROGRAMS, AND VIBRANT PUBLIC EVENTS THAT DRAW UPON AND CONTRIBUTE TO THE COMPLEX COMMUNITIES OF NEW YORK CITY AND BEYOND. THROUGH A BROAD RANGE OF NATIONALLY PROMINENT DOCTORAL PROGRAMS, THE GRADUATE SCHOOL PREPARES STUDENTS TO BE SCHOLARS, TEACHERS, EXPERTS, AND LEADERS IN THE ACADEMY, THE ARTS AND IN THE PRIVATE, NONPROFIT, AND GOVERNMENT SECTORS. COMMITTED TO CUNY'S HISTORIC MISSION OF EDUCATING THE CHILDREN OF THE WHOLE PEOPLE, WE WORK TO PROVIDE ACCESS TO GRADUATE EDUCATION FOR DIVERSE GROUPS OF HIGHLY-TALENTED STUDENTS, INCLUDING THOSE WHO HAVE BEEN UNDERREPRESENTED IN HIGHER EDUCATION.THREE LARGEST PROGRAM SERVICE ACHIEVEMENTS FOR ARE:A. CUNY GRADUATE CENTER RECEIVED A $2 MILLION GRANT FROM THE WAVERLEY STREET FOUNDATION. IN PARTNERSHIP WITH THE NEW YORK CITY ENVIRONMENTAL JUSTICE ALLIANCE (NYC-EJA), THE GRANT WILL AIM TO ESTABLISH THE NYC CLIMATE JUSTICE HUB TO ADVANCE AND ACCELERATE CLIMATE SOLUTIONS LED BY COMMUNITIES OF COLOR ON THE FRONT LINES OF CLIMATE BREAKDOWN. THE PARTNERSHIP IS SUPPORTED BY A TWO-YEAR TOTAL GRANT OF $4 MILLION FROM THE WAVERLEY STREET FOUNDATION.B. THE LEON LEVY FOUNDATION CONTINUES TO SUPPORT THE LEON LEVY CENTER FOR BIOGRAPHY AT THE CUNY GRADUATE CENTER WITH A GENEROUS GIFT OF $750,000. ESTABLISHED IN 2007 AS A HUB FOR WRITERS, SCHOLARS, STUDENTS, TEACHERS, AND READERS OF BIOGRAPHY, THE LEON LEVY CENTER FOR BIOGRAPHY BUILDS CONNECTIONS BETWEEN INDEPENDENT AND UNIVERSITY-AFFILIATED BIOGRAPHERS ACROSS DISCIPLINES AND CULTIVATES IMPORTANT DISCUSSIONS ABOUT THE ART AND CRAFT OF BIOGRAPHY HISTORICALLY AND IN OUR TIME.THE LEON LEVY CENTER FOR BIOGRAPHY SPONSORS A VARIETY OF EVENTS AND PUBLIC PROGRAMS, AND OFFERS FOUR FELLOWSHIPS ANNUALLY TO FUND THE RESEARCH AND WRITING OF OUTSTANDING BIOGRAPHIES AND TWO FELLOWSHIPS TO CUNY DISSERTATION STUDENTS WRITING BIOGRAPHY.C. PROFESSOR BRIAN SCHWARTZ AND HIS WIFE, TERI BLACK SCHWARTZ CREATED AN ENDOWMENT WITH A CONTRIBUTION OF $150,000. THE ENDOWMENT FUND WILL SUPPORT PROGRAMMING IN THE SCIENCE CENTER ON THE 4TH FLOOR OF THE GRADUATE CENTER. THE CENTER WAS RENAMED THE BLACK & SCHWARTZ SCIENCE PROGRAM CENTER
Expenses $8,564,957 · Grants $3,813,064
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Peter H Darrow EsqPETER H DARROW ESQ
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 10 + 2 related
-
Lin I BildnerLIN I BILDNER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Dwight E LeeDWIGHT E LEE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 3 + 1 related
-
Myron S GlucksmanMYRON S GLUCKSMAN
TREASURER
- Total calculated
- $0
- Hours/week
- 10 + 2 related
-
James P BlancoJAMES P BLANCO
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Craig Kaplan EsqCRAIG KAPLAN ESQ
CHAIR EMERITUS
- Total calculated
- $0
- Hours/week
- 1
-
Karen C AltfestKAREN C ALTFEST
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Hugo J Barreca II PhDHUGO J BARRECA II PHD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Helen BodianHELEN BODIAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Miles GersteinMILES GERSTEIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Samantha H GilbertSAMANTHA H GILBERT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Alice C GohALICE C GOH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Robert B GoldsteinROBERT B GOLDSTEIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth Felleman HammelELIZABETH FELLEMAN HAMMEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Brian P Jones PhDBRIAN P JONES PHD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Joanna MigdalJOANNA MIGDAL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Alan M KleinALAN M KLEIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Vivian Pan PhD CFAVIVIAN PAN PHD CFA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Raymond QuinlanRAYMOND QUINLAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Robert F RaucciROBERT F RAUCCI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jide J ZeitlinJIDE J ZEITLIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ellen ZentnerELLEN ZENTNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Robin Garrell Ex-OfficioDR ROBIN GARRELL EX-OFFICIO
PRESIDENT (VOTING)
- Total calculated
- $473,345
- From this org
- $0
- From related orgs
- $437,340
- Other
- $36,005
- Hours/week
- 1 + 35 related
Schedule J breakdown matched by us
- Base
- $0 + $437,340 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $24,400 related
- Nontaxable benefits
- $0 + $11,605 related
- Filer's total
- $0 + $473,345 related
-
Steve Everett Ex-OfficioSTEVE EVERETT EX-OFFICIO
PROVOST (NON-VOTIN
- Total calculated
- $309,760
- From this org
- $0
- From related orgs
- $292,391
- Other
- $17,369
- Hours/week
- 1 + 35 related
Schedule J breakdown matched by us
- Base
- $0 + $292,391 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $7,242 related
- Nontaxable benefits
- $0 + $10,127 related
- Filer's total
- $0 + $309,760 related
-
Brian PetersonBRIAN PETERSON
S.V.P. FOR FINANCE & ADMIN
- Total calculated
- $338,107
- From this org
- $0
- From related orgs
- $287,404
- Other
- $50,703
- Hours/week
- 1 + 11 related
Schedule J breakdown matched by us
- Base
- $0 + $287,404 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $23,108 related
- Nontaxable benefits
- $0 + $27,595 related
- Filer's total
- $0 + $338,107 related
-
Wendy Demarco FuentesWENDY DEMARCO FUENTES
V.P. FOR INST'L ADVANCEMEN
- Total calculated
- $257,405
- From this org
- $0
- From related orgs
- $210,045
- Other
- $47,360
- Hours/week
- 35 + 2 related
Schedule J breakdown matched by us
- Base
- $0 + $210,045 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $16,814 related
- Nontaxable benefits
- $0 + $30,546 related
- Filer's total
- $0 + $257,405 related
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
-
CUNY GRADUATE CENTER
$20,390
GRADUATE CENTER HUMANITIES CHAIR SUPPLEMENTS
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.
-
GRADUATE CENTER FOUNDATION HOUSING CORPORATION
501(C)(3) · CREATE AFFORDABLE HOUSING FOR STUDENTS & FACULTY OF THE GRADUATE CENTER · NY · controlled entity
Directly controlled by THE GRADUATE CENTER FOUNDATION INC
-
GRADUATE CENTER FOUNDATION HOUSING CORPORATION LIC
501(C)(3) · CREATE AFFORDABLE HOUSING FOR STUDENTS & FACULTY OF THE GRADUATE CENTER · NY · controlled entity
Directly controlled by THE GRADUATE CENTER FOUNDATION INC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 16 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441209349301219
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