The Century Foundation Inc
- Assets
- $56.8m
- Revenue
- $10.1m
- Investments
- $28.1m
- Employees
- 77
- Location
- New York, NY
- Founding
- 08/1937
- Data as of
- 06/2022
- EIN
- 13-1624235
Organization Overview
The Century Foundation Inc is located in New York, NY. The organization was established in 1937. According to its NTEE Classification (R99) the organization is classified as: Civil Rights, Social Action & Advocacy N.E.C., under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 06/2022, Century Foundation Inc employed 77 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Century Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Century Foundation Inc generated $10.1m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $10.2m during the year ending 06/2022. While expenses have increased by 8.5% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Century Foundation Inc has awarded 23 individual grants totaling $601,699. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CONDUCT RESEARCH, DEVELOP SOLUTIONS, AND DRIVE POLICY CHANGE TO MAKE PEOPLE'S LIVES BETTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
ECONOMIC OPPORTUNITY:POWERFUL INTERESTS HAVE RIGGED 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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradley Abelow Chair | OfficerTrustee | 5 | $0 |
Alicia H Munnell Secretary And Clerk | OfficerTrustee | 5 | $0 |
Alexander Morgan Capron Treasurer | OfficerTrustee | 5 | $0 |
Jonathan Alter Trustee | Trustee | 1 | $0 |
Jacob Hacker Trustee | Trustee | 1 | $0 |
Melissa Harris-Perry Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Offit Capital Investment Advisory | 6/29/22 | $289,048 |
Ralph G Neas Program Consultant | 6/29/22 | $120,761 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,279,268 |
| Noncash contributions included in lines 1a–1f | $51,765 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,279,268 |
| Total Program Service Revenue | $112,192 |
| Investment income | $1,532,069 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $7,458 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,158,187 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,089,202 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $394,949 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $597,606 |
| Compensation of current officers, directors, key employees. | $290,529 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,034,985 |
| Pension plan accruals and contributions | $172,722 |
| Other employee benefits | $612,485 |
| Payroll taxes | $625,783 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $49,786 |
| Fees for services: Accounting | $38,572 |
| Fees for services: Lobbying | $38,000 |
| Fees for services: Fundraising | $57,988 |
| Fees for services: Investment Management | $264,016 |
| Fees for services: Other | $653,154 |
| Advertising and promotion | $153,038 |
| Office expenses | $283,216 |
| Information technology | $198,467 |
| Royalties | $0 |
| Occupancy | $612,011 |
| Travel | $136,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $123,619 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,093 |
| Insurance | $48,847 |
| All other expenses | $0 |
| Total functional expenses | $10,207,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $189,438 |
| Savings and temporary cash investments | $5,948,401 |
| Pledges and grants receivable | $2,091,357 |
| Accounts receivable, net | $25,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $53,550 |
| Net Land, buildings, and equipment | $174,832 |
| Investments—publicly traded securities | $20,174,394 |
| Investments—other securities | $28,104,594 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,237 |
| Total assets | $56,784,803 |
| Accounts payable and accrued expenses | $301,074 |
| Grants payable | $0 |
| Deferred revenue | $288,440 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $589,514 |
| Net assets without donor restrictions | $51,061,813 |
| Net assets with donor restrictions | $5,133,476 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $56,784,803 |
Grants Awarded
Over the last fiscal year, The Century Foundation Inc has awarded $362,949 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
BREUKELEN RISE INC PURPOSE: PROGRAM SUPPORT - NEXT100 | $31,000 |
ARIZONA STATE UNIVERSITY PURPOSE: PROGRAM SUPPORT - EDUCATION K-12 | $159,949 |
URBAN MANUFACTURING ALLIANCE INC PURPOSE: PROGRAM SUPPORT - ECONOMY AND JOBS | $65,000 |
THE NEW SCHOOL - CENTER FOR NYC AFFAIRS PURPOSE: PROGRAM SUPPORT - EDUCATION | $15,000 |
GEORGETOWN UNIVERSITY PURPOSE: TO SUPPORT WILL EMPOWER | $10,000 |
CORNELL UNIVERSITY PURPOSE: TO SUPPORT THE STATE OF DEMOCRACY SUMMIT | $10,000 |