The New York Public Library Astor Lenox And Tilden Foundations
- Assets
- $2.2b
- Revenue
- $448.3m
- Investments
- $1.0b
- Employees
- 3,360
- Location
- New York, NY
- Founding
- 11/1934
- Data as of
- 06/2020
- 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 06/2021, New York Public Library Astor Lenox And Tilden Foundations employed 3,360 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 06/2020, New York Public Library Astor Lenox And Tilden Foundations generated $448.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $328.7m during the year ending 06/2020. 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
2020
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 LIBRARIES - DURING FISCAL YEAR 2021, THE FOUR RESEARCH LIBRARIES - THE STEPHEN A. SCHWARZMAN BUILDING; THE SCIENCE, INDUSTRY AND BUSINESS LIBRARY; THE SCHOMBURG CENTER FOR RESEARCH IN BLACK CULTURE; AND THE LIBRARY FOR PERFORMING ARTS - HAD 4,000 ON-SITE USERS. THE RESEARCH LIBRARIES SPONSORED 3,775 PROGRAMS, ATTENDED BY 291,359 PATRONS. LIBRARY STAFF RESPONDED TO 67,000 REFERENCE INQUIRIES. OF 46.9 MILLION COLLECTION ITEMS, APPROXIMATELY 17.6 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 |
|---|---|---|---|
Geetanjali Gupta Chief Investment Officer | Officer | 35 | $1,572,630 |
Anthony W Marx Trustee, President & CEO | OfficerTrustee | 40 | $913,079 |
Iris Weinshall COO And Treasurer | Officer | 35 | $474,184 |
Michele Coleman Mayes Vp, General Counsel And Sec | Officer | 35 | $452,561 |
Carrie Welch End 53121 Chief External Relations Offcr | Officer | 35 | $435,850 |
William Kelly Andrew W. Mellon Director | Officer | 35 | $429,428 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tishman Construction Corp Of Ny Inc Construction | 6/29/21 | $42,740,584 |
Securitas Security Services Usa Inc Security | 6/29/21 | $5,368,134 |
Turner Construction Company Construction | 6/29/21 | $3,288,902 |
Beyer Blinder Belle Llp Construction | 6/29/21 | $3,271,994 |
Cbre Inc Construction | 6/29/21 | $2,399,033 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $339,366,875 |
| Investment income | $6,784,304 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $156,256 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $94,684,852 |
| Net Income from Fundraising Events | $20,354 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $735,974 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $448,257,647 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $1,593,191 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $7,151,776 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $132,486,014 |
| Pension plan accruals and contributions | $16,825,293 |
| Other employee benefits | $34,829,041 |
| Payroll taxes | $10,526,027 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $364,371 |
| Fees for services: Accounting | $582,094 |
| Fees for services: Lobbying | $63,749 |
| Fees for services: Fundraising | $332,464 |
| Fees for services: Investment Management | $4,319,908 |
| Fees for services: Other | $7,973,550 |
| Advertising and promotion | $1,983,803 |
| Office expenses | $6,006,157 |
| Information technology | $6,315,517 |
| Royalties | $0 |
| Occupancy | $25,411,407 |
| Travel | $301,833 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $157,000 |
| Interest | $12,545,700 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,218,027 |
| Insurance | $3,132,376 |
| All other expenses | $0 |
| Total functional expenses | $328,719,153 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $298,168 |
| Savings and temporary cash investments | $154,695,241 |
| Pledges and grants receivable | $182,828,128 |
| Accounts receivable, net | $8,310,486 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $569,417 |
| Prepaid expenses and deferred charges | $5,917,376 |
| Investments—publicly traded securities | $263,504,034 |
| Investments—other securities | $1,009,909,275 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,834,009 |
| Total assets | $2,215,916,848 |
| Accounts payable and accrued expenses | $97,917,360 |
| Grants payable | $0 |
| Deferred revenue | $46,293,302 |
| 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 | $6,752,715 |
| Other liabilities | $325,848,162 |
| Total liabilities | $476,811,539 |
| 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 | $1,739,105,309 |
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, NY PURPOSE: SEE PART IV | $45,000 |
Jamaica, NY PURPOSE: SEE PART IV | $45,000 |
Grants Recieved
Over the last fiscal year, we have identified 68 grants that The New York Public Library Astor Lenox And Tilden Foundations has recieved totaling $15,749,633.
| Awarding Organization | Amount |
|---|---|
Fjc New York, NY PURPOSE: UNRESTRICTED GENERAL SUPPORT | $3,004,120 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $2,942,780 |
The Jpb Foundation New York, NY PURPOSE: PROVIDING ESOL AND DIGITAL LITERACY ASSISTANCE FOR ALL | $2,500,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $1,411,867 |
The Jpb Foundation New York, NY PURPOSE: PROVIDING ESOL AND DIGITAL LITERACY ASSISTANCE FOR ALL | $1,250,000 |
The Jpb Foundation New York, NY PURPOSE: NYPL COMMUNITY BROADBAND PILOT | $1,000,000 |
Endowment Analysis
| Beg. Balance | $1,265,407,801 |
| Earnings | $365,541,906 |
| Net Contributions | $18,010,391 |
| Other Expense | $54,980,327 |
| Grants | $1,152,100 |
| Ending Balance | $1,592,827,671 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The New York Public Library Astor Lenox And Tilden Foundations New York, NY | $2,215,916,848 | $448,257,647 |
Queens Borough Public Library Jamaica, NY | $110,452,645 | $143,591,059 |
Carnegie Library Of Pittsburgh Pittsburgh, PA | $129,763,715 | $43,541,952 |
Pierpont Morgan Library New York, NY | $416,332,166 | $59,153,120 |
Rochester Public Library Rochester, NY | $13,709,813 | $21,920,405 |
Suffolk Cooperative Library System Bellport, NY | $18,374,423 | $17,112,722 |
Smithtown Library Nesconset, NY | $38,994,883 | $15,642,317 |
Allegheny County Library Assoc Pittsburgh, PA | $1,615,297 | $12,970,956 |
Buffalo & Erie County Public Library Buffalo, NY | $4,920,940 | $11,835,935 |
The Free Library Of Philadelphia Philadelphia, PA | $55,485,474 | $14,690,366 |
Massachusetts Library System Inc Marlborough, MA | $7,404,141 | $11,793,761 |
Ferguson Library Stamford, CT | $21,910,876 | $11,228,846 |