The Roosevelt Institute
- Assets
- $39.9m
- Revenue
- $14.6m
- Investments
- $14.6m
- Employees
- 75
- Location
- New York, NY
- Founding
- 08/1972
- Data as of
- 12/2021
- EIN
- 23-7213592
Organization Overview
The Roosevelt Institute is located in New York, NY. The organization was established in 1972. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 12/2021, Roosevelt Institute employed 75 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Roosevelt Institute 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, Roosevelt Institute generated $14.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $12.4m during the year ending 12/2021. While expenses have increased by 9.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE A NATION WHERE EVERYONE ENJOYS A FAIR SHARE OF OUR COLLECTIVE PROSPERITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THINK TANK: SEE SCHEDULE O.
NETWORK: SEE SCHEDULE O.
FDR LIBRARY: SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Felicia Wong President & Ceo, Ex Officio | Officer | 40 | $351,038 |
Katarina K Duplessy Chief Financial Officer | Officer | 40 | $199,084 |
Stephanie Sterling VP And Sr Advisor | 40 | $188,386 | |
Camellia Phillips SVP Operations | 40 | $172,815 | |
Michael Konczal Dir. Progr. Thought | 40 | $167,728 | |
Scott Millstein Chief Administrative Officer | Officer | 40 | $153,163 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rmz Holdings Dba Kg Consulting Fundraising, Special Events | 12/30/21 | $138,000 |
Boost Social Sector Consulting Llc Strategic Planning | 12/30/21 | $140,250 |
Jee Kim Dba New Gravity Llc Program Consultant, Narrative Project | 12/30/21 | $266,000 |
The Krehely Project Llc Strategic, Communications Planning | 12/30/21 | $130,000 |
Dufour & Co Llc Webinars And Special Event Mgmt | 12/30/21 | $146,694 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $550,634 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,963,458 |
| Noncash contributions included in lines 1a–1f | $7,483 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,514,092 |
| Total Program Service Revenue | $0 |
| Investment income | $24,099 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $244 |
| Net Income from Fundraising Events | -$298,554 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,561,739 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,746,997 |
| Grants and other assistance to domestic individuals. | $75,800 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,033,157 |
| Compensation of current officers, directors, key employees. | $259,374 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,488,225 |
| Pension plan accruals and contributions | $133,206 |
| Other employee benefits | $635,467 |
| Payroll taxes | $415,405 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $66,037 |
| Fees for services: Accounting | $102,143 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $115,000 |
| Fees for services: Investment Management | $46,274 |
| Fees for services: Other | $1,510,973 |
| Advertising and promotion | $14,676 |
| Office expenses | $47,677 |
| Information technology | $84,193 |
| Royalties | $0 |
| Occupancy | $544,124 |
| Travel | $31,369 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,708 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,795 |
| Insurance | $73,739 |
| All other expenses | $153,290 |
| Total functional expenses | $12,361,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,087,556 |
| Savings and temporary cash investments | $8,026,425 |
| Pledges and grants receivable | $7,603,790 |
| 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 | $20,524 |
| Net Land, buildings, and equipment | $73,639 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $14,620,750 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $514,790 |
| Total assets | $39,947,474 |
| Accounts payable and accrued expenses | $532,003 |
| Grants payable | $0 |
| Deferred revenue | $285,292 |
| 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 | $0 |
| Total liabilities | $817,295 |
| Net assets without donor restrictions | $22,631,442 |
| Net assets with donor restrictions | $16,498,737 |
| 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 | $39,947,474 |
Grants Awarded
Over the last fiscal year, The Roosevelt Institute has awarded $2,744,997 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: POWER BUILDING FUND (FUND ID 21946) | $2,631,579 |
New York, NY PURPOSE: GRANT PAYMENT FOR MASON FELLOWSHIP (1/21-6/22) | $85,000 |
New York, NY PURPOSE: 2021 GRANT FOR J. STIGLITZ POST DOC | $28,418 |
Grants Recieved
Over the last fiscal year, we have identified 33 grants that The Roosevelt Institute has recieved totaling $7,451,835.
| Awarding Organization | Amount |
|---|---|
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR GENERAL OPERATING SUPPORT | $1,300,000 |
The Jpb Foundation New York, NY PURPOSE: POVERTY, RACE, ORGANIZING AND DEMOCRACY | $1,000,000 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR GENERAL OPERATING SUPPORT | $1,000,000 |
The Jpb Foundation New York, NY PURPOSE: BUILDING COMMUNITY-BASED POWER TO ADDRESS INEQUALITY | $500,000 |
Skoll Foundation Palo Alto, CA PURPOSE: GENERAL OPERATING SUPPORT | $500,000 |
The Jpb Foundation New York, NY PURPOSE: BUILDING COMMUNITY-BASED POWER TO ADDRESS INEQUALITY | $500,000 |
Endowment Analysis
| Beg. Balance | $27,853,596 |
| Earnings | $1,782,114 |
| Net Contributions | $10,404,125 |
| Other Expense | $9,565,524 |
| Ending Balance | $30,474,311 |