The Century Foundation Inc
- Assets
- $67.8m
- Revenue
- $9.3m
- Investments
- $60.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/1937
- Data as of
- 06/2021
- 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 (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. 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 06/2021, Century Foundation Inc generated $9.3m in total revenue. All expenses for the organization totaled $8.7m during the year ending 06/2021. While expenses have increased by 34.8% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
POLICY ORIENTED STUDIES OF INEQUALITY AND ECONOMIC POLICY, AMERICAN FOREIGN POLICY, SOCIAL POLICY, AND DOMESTIC POLITICAL ISSUES. EXPENSES INVOLVE RESEARCH PROJECTS, PAPERS, AND PROGRAMS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Zuckerman President | 40 | $341,250 | |
Emma Vadehra Executive Director | 40 | $188,704 | |
Jamila Taylor Senior Fellow | 40 | $177,145 | |
Patricia Kozu Resigned 42021 Chief Operations Officer | 40 | $174,550 | |
Robert Shireman Senior Fellow | 40 | $171,400 | |
Richard Kahlenberg Senior Fellow | 40 | $168,969 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jennifer Clark | 6/29/21 | $100,000 |
Kevin Miller | 6/29/21 | $86,286 |
Offit Capital | 6/29/21 | $230,553 |
Jeffrey G Madrick | 6/29/21 | $85,000 |
Lang Hansen Giroux & Kidane | 6/29/21 | $60,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,552,710 |
| Interest on Savings | $3,141 |
| Dividends & Interest | $1,114,641 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,555,077 |
| Capital Gain Net Income | $2,555,077 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $92,516 |
| Total Revenue | $9,318,085 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $593,704 |
| Other employee salaries and wages | $4,218,146 |
| Pension plans, employee benefits | $1,208,095 |
| Interest | $252 |
| Taxes | $12,960 |
| Depreciation | $43,989 |
| Occupancy | $586,299 |
| Travel, conferences, and meetings | $108,068 |
| Printing and publications | $80,902 |
| Other expenses | $417,004 |
| Total operating and administrative expenses | $8,427,990 |
| Contributions, gifts, grants paid | $238,750 |
| Total expenses and disbursements | $8,666,740 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $275,628 |
| Savings and temporary cash investments | $3,725,263 |
| Net Accounts receivable | $31,033 |
| Net Pledges Receivable | $0 |
| Grants receivable | $1,919,259 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $56,005,371 |
| Net Land, buildings, and equipment | $220,925 |
| Other assets | $1,600,000 |
| Total assets | $67,804,599 |
| Accounts payable and accrued expenses | $176,662 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $285,246 |
| Total liabilities | $461,908 |
Grants Awarded
Over the last fiscal year, The Century Foundation Inc has awarded $238,750 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Brooklyn, NY PURPOSE: PROGRAM SUPPORT | $55,000 |
New York, NY PURPOSE: PROGRAM SUPPORT | $50,000 |
Newark, NJ PURPOSE: PROGRAM SUPPORT | $40,000 |
Rochester, NY PURPOSE: PROGRAM SUPPORT | $30,000 |
Baltimore, MD PURPOSE: PROGRAM SUPPORT | $22,500 |
THE NEW SCHOOL CENTER FOR NYC AFFAIRS PURPOSE: PROGRAM SUPPORT | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 36 grants that The Century Foundation Inc has recieved totaling $4,989,987.
| Awarding Organization | Amount |
|---|---|
Lumina Foundation For Education Inc Indianapolis, IN PURPOSE: TO EXPAND CURRENT INDUSTRY AND INCLUSION COHORT TO INCLUDE AT LEAST EIGHT NEW COMMUNITY COLLEGE-LED PARTNERSHIPS IN EXPANDING MANUFACTURING CREDENTIALING AND EMPLOYMENT OPPORTUNITIES FOR WORKERS OF COLOR. | $745,000 |
Robin Hood Foundation New York, NY PURPOSE: POVERTY RELIEF | $475,468 |
Commonwealth Fund New York, NY PURPOSE: BRIDGING COMMUNITY BASED ORGANIZATIONS AND NATIONAL POLICY IN IMPLEMENTATION OF FEDERAL INVESTMENTS IN MATERNAL HEALTH EQUITY | $339,000 |
Walton Family Foundation Inc Bentonville, AR PURPOSE: TO LAUNCH AND MAINTAIN THE SCHOOL DIVERSITY COLLABORATIVE, A RESEARCH INITIATIVE TO SUPPORT DIVERSE CHARTER, DISTRICT, AND MAGNET SCHOOLS. | $308,840 |
Lumina Foundation For Education Inc Indianapolis, IN PURPOSE: TO SUPPORT WORK ON FEDERAL HIGHER EDUCATION FINANCING POLICIES TO BETTER SERVE LOW-INCOME STUDENTS AND STUDENTS OF COLOR. | $300,000 |
Ford Foundation New York, NY PURPOSE: CORE SUPPORT FOR THE DISABILITY ECONOMIC JUSTICE COLLABORATIVE, AN INITIATIVE BRINGING TOGETHER LEADING DISABILITY ADVOCACY ORGANIZATIONS WITH THINK TANKS AND RESEARCH ORGANIZATIONS | $300,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |