The Graduate Center Foundation Inc
- Assets
- $65.8m
- Revenue
- $7.6m
- Investments
- $4.9m
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/1984
- Data as of
- 06/2022
- EIN
- 13-3219419
Organization Overview
The Graduate Center Foundation Inc is located in New York, NY. The organization was established in 1984. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Graduate Center 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, Graduate Center Foundation Inc generated $7.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $8.2m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O:A. THE GRADUATE CENTER RECEIVED A $1 MILLION GIFT FROM THE BAISLEY POWELL ELEBASH FUND. THIS WILL ESTABLISH AN ENDOWMENT TO BRING MUSICIANS AND MUSIC SCHOLARS FROM AROUND THE WORLD TO THE CUNY GRADUATE CENTER, LOCATED IN MANHATTAN. THE DONATION WILL SUPPORT CONCERTS, TALKS, SYMPOSIA, AND FESTIVALS FOR STUDENTS, FACULTY, STAFF, AND ALUMNI FROM CAMPUSES THROUGHOUT THE CITY UNIVERSITY OF NEW YORK, AS WELL AS FOR THE GENERAL PUBLIC.B. THE LEON LEVY FOUNDATION CONTINUES TO SUPPORT THE LEON LEVY CENTER FOR BIOGRAPHY AT THE CUNY GRADUATE CENTER WITH A GENEROUS GIFT OF $750,000. ESTABLISHED IN 2007 AS A HUB FOR WRITERS, SCHOLARS, STUDENTS, TEACHERS, AND READERS OF BIOGRAPHY, THE LEON LEVY CENTER FOR BIOGRAPHY BUILDS CONNECTIONS BETWEEN INDEPENDENT AND UNIVERSITY-AFFILIATED BIOGRAPHERS ACROSS DISCIPLINES AND CULTIVATES IMPORTANT DISCUSSIONS ABOUT THE ART AND CRAFT OF BIOGRAPHY HISTORICALLY AND IN OUR TIME.THE LEON LEVY CENTER FOR BIOGRAPHY SPONSORS A VARIETY OF EVENTS AND PUBLIC PROGRAMS, AND OFFERS FOUR FELLOWSHIPS ANNUALLY TO FUND THE RESEARCH AND WRITING OF OUTSTANDING BIOGRAPHIES AND TWO FELLOWSHIPS TO CUNY DISSERTATION STUDENTS WRITING BIOGRAPHY.C. THE OTTO AND FRAN WALTER FOUNDATION ESTABLISHED AN ENDOWMENT WITH A $250,000 GIFT. THE ENDOWMENT SUPPORTS THE OTTO AND FRAN WALTER MEMORIAL LECTURE THAT ADDRESSES THE CONCERNS OF THE EVENT'S NAMESAKE WITH EUROPEAN AND TRANSATLANTIC AFFAIRS. EACH YEAR, AN HONORED SPEAKER WITH A TRACK RECORD OF INSIGHTS INTO EUROPE AND TRANSATLANTIC RELATIONS IS INVITED TO GIVE THE LECTURE FOR A WIDE PUBLIC AUDIENCE AT THE GRADUATE CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter H Darrow ESQ Board Chair | OfficerTrustee | 10 | $0 |
Lin I Bildner Vice Chair | OfficerTrustee | 4 | $0 |
Dwight E Lee Trustee | Trustee | 4 | $0 |
Myron S Glucksman Treasurer | OfficerTrustee | 3 | $0 |
James P Blanco Secretary | OfficerTrustee | 1 | $0 |
Craig Kaplan ESQ Chair Emeritus | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cuny Research Foundation Administration | 6/29/22 | $388,926 |
Hirtle Callaghan & Co Investment Management | 6/29/22 | $164,380 |
Melinda Israel Financial Management Consultant | 6/29/22 | $125,664 |
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 | $6,670,178 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,670,178 |
| Total Program Service Revenue | $0 |
| Investment income | $806,700 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $108,235 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,600,151 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $868 |
| Grants and other assistance to domestic individuals. | $3,246,608 |
| Grants and other assistance to Foreign Orgs/Individuals | $152,725 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,826,180 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,584 |
| Fees for services: Accounting | $22,604 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $202,496 |
| Fees for services: Other | $1,172,405 |
| Advertising and promotion | $51,046 |
| Office expenses | $156,523 |
| Information technology | $116,644 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $77,056 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $90,062 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $18,894 |
| All other expenses | $0 |
| Total functional expenses | $8,196,180 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,602,973 |
| Savings and temporary cash investments | $4,010,491 |
| Pledges and grants receivable | $8,505,953 |
| Accounts receivable, net | $0 |
| 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 | $1,287,114 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $43,905,628 |
| Investments—other securities | $4,851,107 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $595,301 |
| Total assets | $65,758,567 |
| Accounts payable and accrued expenses | $323,412 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $36,359 |
| Total liabilities | $359,771 |
| Net assets without donor restrictions | $3,141,794 |
| Net assets with donor restrictions | $62,257,002 |
| 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 | $65,758,567 |