The Nathan Cummings Foundation Inc
- Assets
- $538.3m
- Revenue
- $724.2k
- Investments
- $306.6m
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/2013
- Data as of
- 12/2021
- EIN
- 23-7093201
Organization Overview
The Nathan Cummings Foundation Inc is located in New York, NY. The organization was established in 2013. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Nathan Cummings 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 12/2021, Nathan Cummings Foundation Inc generated $724.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (59.6%) each year. All expenses for the organization totaled $34.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Nathan Cummings Foundation Inc has awarded 1,068 individual grants totaling $82,354,743. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ms Leticia Peguero Vice President, Prog | 40 | $310,380 | |
Mr Bob Bancroft Vice President, Finance | 40 | $284,950 | |
Ms Paulette Harper Vice President, Hr & | 40 | $267,800 | |
Mr Reynard Ramsey Interim President & CEO | 40 | $225,000 | |
Ms Lavastian Glenn Vice President, Prog | 40 | $209,297 | |
Mr Isaac Luria Dir, Voice, Creativi | 40 | $182,400 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Global Endowment Management Lp | 12/30/21 | $2,374,164 |
Korn Ferry Us | 12/30/21 | $143,445 |
Advisory Solutions Llc | 12/30/21 | $119,237 |
Patterson Belknap Webb & Tyler Llp | 12/30/21 | $165,853 |
Av Innovative Design Inc | 12/30/21 | $146,998 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $690 |
| Dividends & Interest | $480,808 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $240,718 |
| Capital Gain Net Income | $37,117,633 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,000 |
| Total Revenue | $724,216 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $763,450 |
| Other employee salaries and wages | $2,737,553 |
| Pension plans, employee benefits | $1,346,892 |
| Interest | $0 |
| Taxes | $1,197,972 |
| Depreciation | $208,539 |
| Occupancy | $781,444 |
| Travel, conferences, and meetings | $40,434 |
| Printing and publications | $0 |
| Other expenses | $464,159 |
| Total operating and administrative expenses | $11,052,374 |
| Contributions, gifts, grants paid | $23,172,900 |
| Total expenses and disbursements | $34,225,274 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $614,901 |
| Savings and temporary cash investments | $3,659,281 |
| 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 | $189,917 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $271,301,871 |
| Net Land, buildings, and equipment | $1,707,647 |
| Other assets | $225,504,537 |
| Total assets | $538,275,709 |
| Accounts payable and accrued expenses | $781,245 |
| Grants payable | $9,001,400 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $13,075,314 |
| Total liabilities | $22,857,959 |
Grants Awarded
Over the last fiscal year, The Nathan Cummings Foundation Inc has awarded $28,422,900 in support to 375 organizations.
| Grant Recipient | Amount |
|---|---|
NEW ISRAEL FUND PURPOSE: GENERAL SUPPORT | $900,000 |
NEW ISRAEL FUND PURPOSE: GENERAL SUPPORT | $900,000 |
Richmond, CA PURPOSE: RISE UP: NOURISHING THE SOUL OF JEWISH JUSTICE | $500,000 |
Richmond, CA PURPOSE: RISE UP: NOURISHING THE SOUL OF JEWISH JUSTICE | $400,000 |
NEW ISRAEL FUND PURPOSE: GENERAL SUPPORT | $389,200 |
New York, NY PURPOSE: POP CULTURE COLLABORATIVE FUND | $350,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Nathan Cummings Foundation Inc has recieved totaling $390,000.
| Awarding Organization | Amount |
|---|---|
Living Cities Inc The National Community Development Initiative Washington, DC PURPOSE: SEE PART IV | $195,000 |
Living Cities Inc The National Community Development Initiative Washington, DC PURPOSE: SEE PART IV | $195,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
J E Barbey 8 Tenacre Foundation Pittsburgh, PA | $817,905 | $68,136,758 |
S & G Foundation albany, NY | $1,180,089,159 | $294,936,683 |
Steven & Alexandra Cohen Foundation Inc Stamford, CT | $524,605,658 | $98,007,018 |
Starr Foundation New York, NY | $1,351,331,495 | $187,314,215 |
Robertson Foundation New York, NY | $308,129,047 | $104,540,927 |
William Randolph Hearst Foundation New York, NY | $0 | $92,096,829 |
Foundation For A Just Society New York, NY | $0 | $262,120,919 |
Surdna Foundation Inc New York, NY | $0 | $71,392,126 |
Johnson & Johnson Foundation United States Inc New Brunswick, NJ | $130,108,063 | $92,858,448 |
Carson Fam Charitable Tr New York, NY | $302,357,968 | $144,716,166 |
Blavatnik Family Foundation 2020 New York, NY | $0 | $14,146 |
Henry Luce Foundation Inc New York, NY | $1,226,277,880 | $84,818,070 |