The New York Public Library Astor Lenox And Tilden Foundations
- Assets
- $2.7b
- Revenue
- $403.7m
- Investments
- $1.4b
- Employees
- 3,234
- Location
- New York, NY
- Founding
- 11/1934
- Data as of
- 06/2021
- EIN
- 13-1887440
Organization Overview
The New York Public Library Astor Lenox And Tilden Foundations is located in New York, NY. The organization was established in 1934. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 06/2022, New York Public Library Astor Lenox And Tilden Foundations employed 3,234 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York Public Library Astor Lenox And Tilden Foundations 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, New York Public Library Astor Lenox And Tilden Foundations generated $403.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $327.8m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, New York Public Library Astor Lenox And Tilden Foundations has awarded 13 individual grants totaling $2,611,620. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE LIFELONG LEARNING, ADVANCE KNOWLEDGE, & STRENGTHEN OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BRANCH LIBRARIES - THE SERVICES OF THE 88 BRANCH LIBRARIES EXTEND FAR BEYOND THE TRADITIONAL LENDING ROLE USUALLY ASSOCIATED WITH NEIGHBORHOOD LIBRARIES, TO PROVIDE VITAL OUTREACH SERVICES AND PROGRAMS TO SCHOOLS, NURSING HOMES, HOSPITALS, SHELTERS AND PRISONS, AND TO THE BLIND AND PHYSICALLY HANDICAPPED, INCLUDING BOOK-BY-MAIL DELIVERIES TO THE HOMEBOUND. FOR MORE INFORMATION, SEE SCHEDULE O.
THE RESEARCH CENTERS - DURING FISCAL YEAR 2022, THE FOUR RESEARCH CENTERS - THE STEPHEN A. SCHWARZMAN BUILDING; THE THOMAS YOSELOFF BUSINESS CENTER; THE SCHOMBURG CENTER FOR RESEARCH IN BLACK CULTURE; AND THE LIBRARY FOR PERFORMING ARTS - HAD APPROXIMATELY 1.8 MILLION ON-SITE USERS. THE RESEARCH CENTERS SPONSORED 2,826 PROGRAMS, ATTENDED BY 221,125 PATRONS. LIBRARY STAFF RESPONDED TO 112,000 REFERENCE INQUIRIES. OF 46.9 MILLION COLLECTION ITEMS, APPROXIMATELY 17.7 MILLION ARE BOOKS AND BOOK-LIKE MATERIALS, AND THE REMAINDER CONSISTS OF ITEMS SUCH AS PHOTOGRAPHS, AUDIO RECORDINGS, FILMS, MAPS, SHEET MUSIC AND PRINTS AND CLIPPINGS. FOR MORE INFORMATION, SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony W Marx Trustee, President & CEO | OfficerTrustee | 40 | $917,677 |
Matthew R Ailey End 1021 Ex Officio Ttee, Rep Of Spkr | Trustee | 2 | $0 |
Kwame Anthony Appiah Trustee | Trustee | 1 | $0 |
Peter Baldwin Trustee | Trustee | 2 | $0 |
John H Banks III Trustee | Trustee | 2 | $0 |
Mahnaz Ispahani Bartos Trustee | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Turner Construction Company Construction | 6/29/22 | $38,119,578 |
Tishman Construction Corp Of Ny Inc Construction | 6/29/22 | $10,441,955 |
Mamais Contracting Corp Construction | 6/29/22 | $3,405,876 |
Securitas Security Services Usa Inc Security | 6/29/22 | $6,784,834 |
Summit Staffing Partners Llc Temporary Staffing | 6/29/22 | $2,915,477 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $375,148,506 |
| Investment income | $1,667,589 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $106,032 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,293,062 |
| Net Income from Fundraising Events | $83,326 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$491,941 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $403,747,896 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $1,762,132 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $8,105,356 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $129,401,180 |
| Pension plan accruals and contributions | $17,489,089 |
| Other employee benefits | $33,296,572 |
| Payroll taxes | $9,951,237 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $686,832 |
| Fees for services: Accounting | $580,345 |
| Fees for services: Lobbying | $44,650 |
| Fees for services: Fundraising | $321,374 |
| Fees for services: Investment Management | $6,380,022 |
| Fees for services: Other | $8,371,535 |
| Advertising and promotion | $1,256,020 |
| Office expenses | $6,344,777 |
| Information technology | $7,325,050 |
| Royalties | $0 |
| Occupancy | $27,931,886 |
| Travel | $88,591 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,149 |
| Interest | $9,224,468 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,633,694 |
| Insurance | $3,027,444 |
| All other expenses | $0 |
| Total functional expenses | $327,801,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $296,718 |
| Savings and temporary cash investments | $193,589,859 |
| Pledges and grants receivable | $160,641,856 |
| Accounts receivable, net | $7,958,904 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $534,635 |
| Prepaid expenses and deferred charges | $8,664,258 |
| Investments—publicly traded securities | $201,530,905 |
| Investments—other securities | $1,397,697,031 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $83,047,470 |
| Total assets | $2,667,920,179 |
| Accounts payable and accrued expenses | $88,367,440 |
| Grants payable | $0 |
| Deferred revenue | $11,380,380 |
| 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 | $6,817,104 |
| Other liabilities | $380,061,030 |
| Total liabilities | $486,625,954 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,181,294,225 |
Grants Awarded
Over the last fiscal year, The New York Public Library Astor Lenox And Tilden Foundations has awarded $90,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BROOKLYN PUBLIC LIBRARY PURPOSE: SEE PART IV | $45,000 |
QUEENS LIBRARY FOUNDATION INC PURPOSE: SEE PART IV | $45,000 |