Ted Foundation Inc
- Assets
- $67.7m
- Revenue
- $82.8m
- Investments
- $24.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/2018
- Data as of
- 12/2022
- EIN
- 82-1934592
Organization Overview
Ted Foundation Inc is located in New York, NY. The organization was established in 2018. According to its NTEE Classification (S19) the organization is classified as: Support N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ted 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 12/2022, Ted Foundation Inc generated $82.8m in total revenue. All expenses for the organization totaled $97.8m during the year ending 12/2022.
Since 2020, Ted Foundation Inc has awarded 13 individual grants totaling $2,620,253. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TED EXISTS TO RESEARCH, DISCOVER AND SPREAD GREAT NEW IDEAS. THE PURPOSE: TO EDUCATE AND INSPIRE A MORE COMPREHENSIVE UNDERSTANDING OF OUR SHARED HUMANITY AND IMPROVE THE WAYS IN WHICH WE CONNECT AND COMMUNICATE WITH ONE ANOTHER. THE PRIMARY WAY IN WHICH WE DO THIS IS VIA OUR FLAGSHIP TED CONFERENCES TO WHICH WE INVITE PROMINENT RESEARCHERS, ACADEMICS, EDUCATORS, PHILANTHROPISTS, ENVIRONMENTALISTS, SCIENTISTS, TECHNOLOGISTS, ARTISTS AND OTHERS, TO ATTEND AND PRESENT SHORT LECTURES OUR SIGNATURE TEDTALKS - IN THEIR AREAS OF RESEARCH AND EXPERTISE.
WE LAUNCHED COUNTDOWN, TED'S FIRST ISSUE-SPECIFIC INITIATIVE, IN 2019 IN ORDER TO EDUCATE, CHAMPION AND ACCELERATE THE BOLD IDEAS AND UNDERINVESTED SOLUTIONS THAT CAN BRING US CLOSER TO ACHIEVING A ZERO-CARBON WORLD ONE THAT IS CLEANER, HEALTHIER AND FAIRER FOR ALL.
THE AUDACIOUS PROJECT IS A COLLABORATIVE APPROACH TO RESEARCHING THE BIGGEST IDEAS IN THE NONPROFIT WORLD AND THEN SEEKING TO GET THEM FUNDED, WITH THE POTENTIAL TO CREATE CHANGE AT A THRILLING GLOBAL SCALE HOUSED AT TED, THIS IS A UNIQUE PARTNERSHIP BETWEEN SOME OF THE MOST RESPECTED ORGANIZATIONS IN PHILANTHROPY AND THE PUBLIC. EVERY YEAR WE RESEARCH AND SELECT THE BOLDEST, BRIGHTEST IDEAS AND WORK WITH CHANGE-MAKERS TO MAKE THEIR INITIATIVES EVEN MORE AUDACIOUS. WE THEN PRESENT THOSE IDEAS TO THE PUBLIC AND AN INSPIRING GROUP OF DONORS WHO COME TOGETHER TO GET THEM LAUNCHED.
YOUNG PEOPLE AND EDUCATORS HAVE A CRITICAL FUTURE ROLE TO PLAY IN SOLVING GLOBAL CHALLENGES AND THERE ARE FEW IF ANY PLATFORMS DEDICATED TO CELEBRATING AND SHARING THEIR IDEAS. TED-ED, TED'S EDUCATION INITIATIVE AIMS TO AMPLIFY THE VOICES AND IDEAS OF TEACHERS AND STUDENTS AROUND THE WORLD VIA A SERIES OF POWERFUL FREE AND/OR LOW-COST RESOURCES FOR EDUCATORS AND STUDENTS. FOR TED-ED ANIMATIONS, THE INTERNAL TEAM RESEARCHES AND SCOUTS THE WORLD'S BEST EDUCATORS AND BRINGS TO LIFE THEIR MOST COMPELLING LESSONS VIA ANIMATION. THE CURRENT LIBRARY OF MORE THAN 1,200 TED-ED ANIMATIONS IS ACCESSED BY MORE THAN 2 MILLION LEARNERS EVERY DAY. EDUCATORS CAN ALSO CREATE INTERACTIVE LESSONS AROUND ANY TED VIDEO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Valentino CFO | 40 | $339,080 | |
Nishat Ruiter Secretary | 40 | $340,416 | |
Christopher Anderson President | 40 | $0 | |
Jay Herratti Paid By Ted Llc Executive Director, | 40 | $646,000 | |
Colin Helms Paid By Ted Llc Head Of Media | 40 | $466,000 | |
Rachell Morris Paid By Ted Llc Head Of Hr | 40 | $420,200 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hilary Cohen | 12/30/23 | $100,837 |
Tracy Shaffer Talent Strategies | 12/30/23 | $90,254 |
Modupe Akinola | 12/30/23 | $75,000 |
Felicity Fellows | 12/30/23 | $73,297 |
Grace Rubenstein | 12/30/23 | $72,402 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $34,233,146 |
| Interest on Savings | $0 |
| Dividends & Interest | $215,768 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $321,612 |
| Capital Gain Net Income | $11,640,508 |
| Net ST Capital Gain | $0 |
| Income Modifications | $77,706 |
| Profit on Inventory Sales | $0 |
| Other Income | $48,015,757 |
| Total Revenue | $82,786,283 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $662,805 |
| Other employee salaries and wages | $33,771,963 |
| Pension plans, employee benefits | $4,836,739 |
| Interest | $0 |
| Taxes | $2,532,200 |
| Depreciation | $513,853 |
| Occupancy | $3,679,744 |
| Travel, conferences, and meetings | $2,229,349 |
| Printing and publications | $0 |
| Other expenses | $27,588,038 |
| Total operating and administrative expenses | $95,834,872 |
| Contributions, gifts, grants paid | $1,972,294 |
| Total expenses and disbursements | $97,807,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,702,332 |
| Net Accounts receivable | $6,532,189 |
| Net Pledges Receivable | $6,016,668 |
| 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 | $1,711,765 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $5,942,436 |
| Other assets | $17,581,792 |
| Total assets | $67,665,894 |
| Accounts payable and accrued expenses | $5,507,312 |
| Grants payable | $0 |
| Deferred revenue | $4,940,703 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $21,182,054 |
| Total liabilities | $31,630,069 |
Grants Awarded
Over the last fiscal year, Ted Foundation Inc has awarded $100,253 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ABORIGINAL HOUSING MANAGEMENT PURPOSE: GENERAL SUPPORT | $63,084 |
ZERO EMISSIONS INNOVATION CENTRE PURPOSE: GENERAL SUPPORT | $37,169 |