Carnegie Corporation Of New York
- Assets
- $4.1b
- Revenue
- $548.7m
- Investments
- $4.1b
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/1938
- Data as of
- 09/2023
- EIN
- 13-1628151
Organization Overview
Carnegie Corporation Of New York is located in New York, NY. The organization was established in 1938. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carnegie Corporation Of New York 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 09/2023, Carnegie Corporation Of New York generated $548.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.1% each year . All expenses for the organization totaled $221.1m during the year ending 09/2023. While expenses have increased by 1.3% per year over the past 7 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 2015, Carnegie Corporation Of New York has awarded 7,139 individual grants totaling $2,015,684,944. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
PUBLIC AND DISSEMINATION OF EDUCATIONAL MATERIALS. ARTICLES, BOOKS AND OTHER READING MATERIAL, GENERATED FROM THE MEETINGS MENTIONED ABOVE, FROM CCNY SUPPORTED GRANTEES AND CCNY STAFF, ARE REGULARLY PRODUCED AND DISTRIBUTED BY CCNY TO THE GENERAL PUBLIC AND TO THOSE INDIVIDUALS MOST DIRECTLY INTERESTED IN THEIR CONTENTS. THE CORPORATION MAINTAINS A FILE OF NAMES AND ADDRESS TO FACILITATE THE DISSEMINATION PROGRAM.
TECHNICAL ASSISTANCE TO GRANTEES AND OTHER CHARITABLE ORGANIZATIONS. THIS AMOUNT REPRESENT SALARY AND OVERHEAD ALLOCATIONS OF PROGRAM STAFF FOR TIME SPENT ADVISING GRANTEES AND OTHER CHARITABLE ORGANIZATIONS ON A VARIETY OF SUBJECTS INCLUDING, BUT NOT LIMITED TO, OBTAINING ADDITIONAL FUNDING FROM OTHER SOURCES REDUCING OPERATING EXPENSES, COMPLYING WITH GOVERNMENT REGULATION, AND MAINTAINING ACCURATE FINANCIAL RECORDS.
SERVICES ON BOARD OR ADVISORY COMMITTEES. THE AMOUNT REPRESENTS THE COST TO SUPPORT THE SERVICE OF CCNY'S STAFF ON BOARD OR ADVISORY COMMITTEES OF OTHER CHARITABLE ORGANIZATIONS.
THE MAJORITY OF THIS CATEGORY REPRESENTS THE ALLOCATION OF SALARIES, BENEFITS, AND OVERHEAD FOR STAFF WHO CONTRIBUTE PORTIONS OF THEIR TIME TO THE ADMINISTRATION OF CCNY-SPONSORED ACTIVITY: FOR CATALYZING INTEGRATED APPROACHES TO INNOVATION IN EDUCATION REFORM AND DEVELOPING NEW APPROACHES TO LEARNING AND CONTINUOUS IMPROVEMENT AND THE PROGRAM DISSEMINATION FUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chairman | 2 | $0 | |
Name Not Listed Vice Chairman | 2 | $0 | |
Name Not Listed Trustee | 2 | $4,350 | |
Name Not Listed Trustee | 2 | $0 | |
Name Not Listed Trustee | 2 | $0 | |
Name Not Listed Trustee (resigned 12/8/22) | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bny Mellon | 9/29/23 | $610,513 |
Rsm Us Llp | 9/29/23 | $519,306 |
Albourne America | 9/29/23 | $607,583 |
Simpson Thacher & Bartlett | 9/29/23 | $194,002 |
Gracious Thyme Catering | 9/29/23 | $167,295 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15,621,983 |
| Dividends & Interest | $1,378,429 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $509,084,510 |
| Capital Gain Net Income | $329,023,995 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $22,638,489 |
| Total Revenue | $548,723,411 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,130,048 |
| Other employee salaries and wages | $14,554,612 |
| Pension plans, employee benefits | $8,011,942 |
| Interest | $286,667 |
| Taxes | $5,804,040 |
| Depreciation | $892,531 |
| Occupancy | $3,110,681 |
| Travel, conferences, and meetings | $2,063,390 |
| Printing and publications | $1,022,675 |
| Other expenses | $1,842,009 |
| Total operating and administrative expenses | $61,522,924 |
| Contributions, gifts, grants paid | $159,585,015 |
| Total expenses and disbursements | $221,107,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,141 |
| Savings and temporary cash investments | $317,714 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| 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 | $142,572 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,658,290,560 |
| Net Land, buildings, and equipment | $4,011,059 |
| Other assets | $19,513,942 |
| Total assets | $4,098,600,165 |
| Accounts payable and accrued expenses | $1,384,440 |
| Grants payable | $109,630,563 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $53,808,342 |
| Total liabilities | $164,823,345 |
Grants Awarded
Over the last fiscal year, Carnegie Corporation Of New York has awarded $217,501,406 in support to 756 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICAN INSTITUTE FOR MATHEMATICAL SCIENCES - NEXT EINSTEIN INITIATIVE (RW PURPOSE: FOR AN AFRICAN RESEARCH CHAIR PROGRAM IN DATA SCIENCE AND ITS APPLICATIONS | $800,000 |
AMERICAN UNIVERSITY OF BEIRUT PURPOSE: FOR SUPPORT TO ATHAR PORTAL AND DISSEMINATION TRAINING FOR RESEARCHERS IN THE ARAB REGION | $86,000 |
AMERICAN UNIVERSITY OF BEIRUT PURPOSE: FOR A PROJECT ON BUILDING THE FIELD OF CRITICAL DEVELOPMENT STUDIES IN THE ARAB REGION | $273,000 |
ARAB REFORM INITIATIVE PURPOSE: FOR FOSTERING THE ROLE OF ARAB REGION SOCIAL SCIENTISTS IN POLICY DEVELOPMENT | $163,777 |
ARAB REFORM INITIATIVE PURPOSE: FOR FOSTERING THE ROLE OF SOCIAL SCIENTISTS IN POLICY DEVELOPMENT | $235,200 |
ARAB REPORTERS FOR INVESTIGATIVE JOURNALISM PURPOSE: FOR ACADEMIC PARTNERSHIPS IN THE ARAB REGION | $253,700 |