Blue Meridian Partners Inc
- Assets
- $2.3b
- Revenue
- $353.3m
- Investments
- $197.7m
- Employees
- 86
- Location
- New York, NY
- Founding
- 04/2017
- Data as of
- 09/2023
- EIN
- 81-5086187
Organization Overview
Blue Meridian Partners Inc is located in New York, NY. The organization was established in 2017. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. As of 09/2023, Blue Meridian Partners Inc employed 86 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blue Meridian Partners 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 09/2023, Blue Meridian Partners Inc generated $353.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.4% each year . All expenses for the organization totaled $481.7m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Blue Meridian Partners Inc has awarded 359 individual grants totaling $1,712,399,774. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
BLUE MERIDIAN PARTNERS FINDS AND FUNDS SCALABLE SOLUTIONS TO PROBLEMS THAT TRAP AMERICA'S YOUTH AND FAMILIES IN POVERTY AND LIMIT ECONOMIC MOBILITY.
Describe the Organization's Program Activity:
BLUE MERIDIAN PARTNERS FINDS AND FUNDS SCALABLE SOLUTIONS TO THE PROBLEMS THAT LIMIT ECONOMIC MOBILITY AND TRAP AMERICA'S AND YOUNG PEOPLE AND FAMILIES IN POVERTY. BLUE MERIDIAN POOLS PHILANTHROPIC CAPITAL TO MAKE FLEXIBLE, LONG-TERM INVESTMENTS AND PROVIDE SUSTAINED STRATEGIC PLANNING AND OPERATIONAL SUPPORT TO HELP SOCIAL SECTOR LEADERS EXPAND THE REACH, IMPACT, AND INFLUENCE OF THEIR SOLUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Roob President And CEO | OfficerTrustee | 45 | $1,135,212 |
Geoffrey Canada See Sch O Director | Trustee | 5 | $60,000 |
Connie Ballmer Director | Trustee | 2 | $0 |
James M Clark Director | Trustee | 2 | $0 |
W Don Cornwell Director | Trustee | 2 | $0 |
Steven A Denning Director (thru 10/17/2022) | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Bridgespan Group Program And Grantee Consulting | 9/29/23 | $3,342,304 |
Ernst & Young Us Llp Strategy Development Consulting | 9/29/23 | $1,158,273 |
Patterson Belknap Webb & Tyler Llp Legal Consulting | 9/29/23 | $898,145 |
Brunswick Group Llc Branding And Communications Consulting | 9/29/23 | $560,000 |
G H Smart & Company Llc Leadership Advisory Consulting | 9/29/23 | $500,000 |
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 | $321,200,527 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $321,200,527 |
| Total Program Service Revenue | $534,000 |
| Investment income | $21,910,837 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,676,945 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $353,322,309 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $439,531,746 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,736,266 |
| Compensation of current officers, directors, key employees. | $702,938 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,266,375 |
| Pension plan accruals and contributions | $1,787,750 |
| Other employee benefits | $2,886,596 |
| Payroll taxes | $1,135,884 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $801,248 |
| Fees for services: Accounting | $212,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,375,353 |
| Fees for services: Other | $8,765,211 |
| Advertising and promotion | $0 |
| Office expenses | $93,691 |
| Information technology | $700,399 |
| Royalties | $0 |
| Occupancy | $752,170 |
| Travel | $1,486,585 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $842,150 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $481,659,709 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,420,699 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,347,538,603 |
| Accounts receivable, net | $3,694,664 |
| 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 | $993,462 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $646,063,494 |
| Investments—other securities | $197,724,595 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,261,435,517 |
| Accounts payable and accrued expenses | $3,644,749 |
| Grants payable | $2,499,999 |
| 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 | $589,399 |
| Total liabilities | $6,734,147 |
| Net assets without donor restrictions | $113,696,294 |
| Net assets with donor restrictions | $2,141,005,076 |
| 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 | $2,261,435,517 |
Grants Awarded
Over the last fiscal year, Blue Meridian Partners Inc has awarded $439,526,996 in support to 100 organizations.
| Grant Recipient | Amount |
|---|---|
A NEW WAY OF LIFE REENTRY PROJECT PURPOSE: TO SUPPORT SCALING PLAN | $2,925,000 |
ANTI-RECIDIVISM COALITION PURPOSE: TO SUPPORT SCALING PLAN | $5,200,000 |
BELLXCEL PURPOSE: TO SUPPORT EDUCATION INVESTMENTS | $2,000,000 |
BALTIMOREANS UNITED IN LEADERSHIP DEVELOPMENT INC PURPOSE: TO SUPPORT SCALING PLAN | $1,000,000 |
BEYOND 12 EDUCATION INC PURPOSE: TO SUPPORT SCALING PLAN | $1,000,000 |
BENEFITS DATA TRUST PURPOSE: TO SUPPORT SCALING PLAN | $1,500,000 |