Civic Intelligence

The Graduate Center Foundation Inc

EIN 13-3219419 • 501(c)3 • New York, NY

Profile

The graduate center foundation is committed to promoting and safeguarding the success of the graduate center by raising funds and managing and investing donations for use by the graduate center. The board of trustees of the foundation serves as advisors to the president of the graduate center. The board works to heighten the visibility of the graduate center and to raise awareness of the graduate center's contribution to higher education and its cultural vitality in new york city.

365 Fifth Street 8th FloorNew York, NY 10016

www.gc.cuny.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

10th percentile

0.01x

Higher debt load relative to assets than 10% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

8th percentile

0.02x

Higher debt load relative to revenue than 8% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

98th percentile

83%

Higher net margin than 98% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

49th percentile

$473,179

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

97th percentile

81%

Faster asset growth than 97% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

99th percentile

740%

Faster revenue growth than 99% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$117,338,236

Up $52,352,118 (+81%) from 2023

Liabilities

Up

$1,209,540

Up $908,341 (+302%) from 2023

Net Assets

Up

$116,128,696

Up $51,443,777 (+80%) from 2023

Revenue

Up

$56,719,573

Up $49,964,103 (+740%) from 2023

Expenses

Up

$9,375,636

Up $418,229 (+4.7%) from 2023

Net Income

Up

$47,343,937

Up $49,545,874 (+2250%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2010: $32,495,880Liabilities 2010: $207,974Net Assets 2010: $32,287,9062010Assets 2011: $35,514,547Liabilities 2011: $270,630Net Assets 2011: $35,243,9172011Assets 2012: $34,339,415Liabilities 2012: $156,165Net Assets 2012: $34,183,2502012Assets 2013: $38,015,295Liabilities 2013: $526,416Net Assets 2013: $37,488,8792013Assets 2014: $41,727,673Liabilities 2014: $331,932Net Assets 2014: $41,395,7412014Assets 2015: $40,003,311Liabilities 2015: $164,743Net Assets 2015: $39,838,5682015Assets 2016: $42,810,756Liabilities 2016: $171,726Net Assets 2016: $42,639,0302016Assets 2017: $51,046,212Liabilities 2017: $292,537Net Assets 2017: $50,753,6752017Assets 2018: $54,451,228Liabilities 2018: $450,229Net Assets 2018: $54,000,9992018Assets 2019: $57,764,005Liabilities 2019: $275,722Net Assets 2019: $57,488,2832019Assets 2020: $59,268,933Liabilities 2020: $488,567Net Assets 2020: $58,780,3662020Assets 2021: $72,994,369Liabilities 2021: $315,262Net Assets 2021: $72,679,1072021Assets 2022: $65,758,567Liabilities 2022: $359,771Net Assets 2022: $65,398,7962022Assets 2023: $64,986,118Liabilities 2023: $301,199Net Assets 2023: $64,684,9192023Assets 2024: $117,338,236Liabilities 2024: $1,209,540Net Assets 2024: $116,128,6962024

Highlighted filing

2024

Assets$117,338,236
Liabilities$1,209,540
Net Assets$116,128,696

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $3,709,6942010Revenue 2011: $5,759,069Expenses 2011: $3,723,500Net Income 2011: $2,035,5692011Expenses 2012: $3,855,3662012Revenue 2013: $7,971,206Expenses 2013: $5,101,493Net Income 2013: $2,869,7132013Revenue 2014: $7,735,704Expenses 2014: $4,158,758Net Income 2014: $3,576,9462014Revenue 2015: $6,034,646Expenses 2015: $5,641,234Net Income 2015: $393,4122015Revenue 2016: $10,197,868Expenses 2016: $5,374,076Net Income 2016: $4,823,7922016Revenue 2017: $12,274,698Expenses 2017: $6,228,112Net Income 2017: $6,046,5862017Revenue 2018: $9,994,285Expenses 2018: $6,861,337Net Income 2018: $3,132,9482018Revenue 2019: $11,336,179Expenses 2019: $8,141,766Net Income 2019: $3,194,4132019Revenue 2020: $9,653,748Expenses 2020: $8,688,688Net Income 2020: $965,0602020Revenue 2021: $16,026,752Expenses 2021: $8,066,550Net Income 2021: $7,960,2022021Revenue 2022: $7,600,151Expenses 2022: $8,196,180Net Income 2022: -$596,0292022Revenue 2023: $6,755,470Expenses 2023: $8,957,407Net Income 2023: -$2,201,9372023Revenue 2024: $56,719,573Expenses 2024: $9,375,636Net Income 2024: $47,343,9372024

Highlighted filing

2024

Revenue$56,719,573
Expenses$9,375,636
Net Income$47,343,937

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$117$1.21$116$56.7$9.38$47.3
2023Detailed filing. Detailed filing data is available for this year.$65.0$0.30$64.7$6.76$8.96$2.20
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$65.8$0.36$65.4$7.60$8.20$0.60
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$73.0$0.32$72.7$16.0$8.07$7.96
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$59.3$0.49$58.8$9.65$8.69$0.97
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$57.8$0.28$57.5$11.3$8.14$3.19
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$54.5$0.45$54.0$9.99$6.86$3.13
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$51.0$0.29$50.8$12.3$6.23$6.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$42.8$0.17$42.6$10.2$5.37$4.82
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$40.0$0.16$39.8$6.03$5.64$0.39
2014Detailed filing. Detailed filing data is available for this year.$41.7$0.33$41.4$7.74$4.16$3.58
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.0$0.53$37.5$7.97$5.10$2.87
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.3$0.16$34.2$3.86
2011Summary only. Only limited summary data is available for this year.$35.5$0.27$35.2$5.76$3.72$2.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.5$0.21$32.3$3.71
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 5, 2025
Return Version
2023v6.0
Gross Receipts
$58,164,431
Mission and Program Overview

Mission

See schedule othe graduate center foundation is committed to promoting and safeguarding the success of the graduate center by raising funds and managing and investing donations for use by the graduate center. The board of trustees of the foundation serves as advisors to the president of the graduate center. The board works to heighten the visibility of the graduate center and to raise awareness of the graduate center's contribution to higher education and its cultural vitality in new york city.the graduate center foundation housing corporation and the graduate center housing corporation - lic are subsidiaries of the graduate center foundation. The board of trustees of the housing corporation oversees the management of the graduate center apartments on east 118th street. The graduate center apartments provide an affordable housing option to graduate center students and faculty. The graduate center (gc) is the focal point for advanced teaching and research at the city university of new y

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$6,924,534$52,580,558▲ $45,656,024
Investments in Publicly Traded Securities$46,791,421$50,525,030▲ $3,733,609
Cash and Non-Interest-Bearing Accounts$2,398,164$4,173,020▲ $1,774,856
Investments Other Securities$3,329,397$4,036,031▲ $706,634
Prepaid Expenses and Deferred Charges$3,227,076$4,017,622▲ $790,546
Savings and Temporary Cash Investments$1,560,093$1,190,121▼ $369,972
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$64,986,118$117,338,236▲ $52,352,118
Other Assets Total$755,433$815,854▲ $60,421
Liabilities
Accounts Payable and Accrued Expenses$261,640$694,858▲ $433,218
Unsecured Notes Loans Payable-$505,000-
Other Liabilities$39,559$9,682▼ $29,877
Total Liabilities$301,199$1,209,540▲ $908,341
Net Assets / Fund Balance
Net Assets With Donor Restrictions$61,596,296$112,130,880▲ $50,534,584
Net Assets Without Donor Restrictions$3,088,623$3,997,816▲ $909,193
Total Net Assets Fund Balance$64,684,919$116,128,696▲ $51,443,777
Total Liabilities and Net Assets / Fund Balance$64,986,118$117,338,236▲ $52,352,118

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$61,754$61,754

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$32,360,367$10,640,383▲ $4,439,089$1,584,265$45,855,574
2022$31,256,835$24,444▲ $2,640,732$1,561,644$32,360,367
2021$36,029,741$1,293,073▼ $4,391,686$1,674,293$31,256,835
2020$28,841,395$943,801▲ $7,373,381$1,128,836$36,029,741
2019$29,150,505$510,500▲ $548,362$1,367,972$28,841,395
Compensation and Service Providers

Employees

NameTitleOtherTotal
Robin GarrellPresident, Graduate Center (to 8/2023)$473,179$473,179

Board Members and Trustees

NameTitle
Peter Darrow EsqChair
Joshua BrumbergPresident, Graduate Center
Robin GarrellPresident, Graduate Center (to 8/202
Dwight LeeVice Chair
Lin BildnerVice Chair
Alan KleinTrustee
Alice GohTrustee
Brian Jones PhdTrustee
Craig Kaplan EsqTrustee
Elizabeth HammelTrustee
Ellen ZentnerTrustee
Helen BodianTrustee
Hugo Barreca Ii PhdTrustee
Joanna MigdalTrustee
Karen AltfestTrustee
Miles GersteinTrustee
Raymond QuinlanTrustee
Robert RaucciTrustee
Samantha GilbertTrustee
Steve EverettProvost, Graduate Center
Brian PetersonS.v.p. for Finance & Admin
James BlancoSecretary
Robert GoldsteinSectretary
Myron GlucksmanTreasurer
Wendy Demarco FuentesV.P. FOR INST'L ADVANCEMEN
Revenue and Support

Revenue Composition

Contributions and Grants
$55,372,666
Program Service Revenue
$0
Investment Income
$1,333,148
Other Revenue
$13,759
All Other Contributions
$55,311,390
Change in Net Assets
$47,343,937

Audited Revenue Reconciliation

Revenue per Audited Statements
$56,465,217
Revenue Not Reported on Financial Statements
$254,356
Revenue Not Reported on Form 990
$4,137,859
Other Revenue Adjustments
$61,276
Total Revenue per Audited Statements
$60,603,076
Total Revenue per Form 990
$56,719,573
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$4,390,425
Salaries, Compensation, and Employee Benefits$2,644,899
Other Expenses$2,340,312
Total Fundraising Expense$171,665
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$3,519,666--$3,519,666
Other Salaries and Wages$2,630,428-$14,471$2,644,899
Fees for Services Other$1,017,068-$17,500$1,034,568
Grants to Domestic Orgs$591,534--$591,534
Conferences and Meetings$380,265-$23,583$403,848
Travel$276,739-$4,430$281,169
Foreign Grants$279,225--$279,225
Office Expenses$190,380-$30,665$221,045
Fees for Service Investment Mgmnt Fees-$193,080-$193,080
Information Technology$19,399-$78,145$97,544
Fees for Services Accounting-$27,660-$27,660
Advertising$24,466-$1,095$25,561
Insurance$1,778$16,440-$18,218
Other Expenses$3,612$11,609$1,776$15,221
Fees for Services Legal$6,680--$6,680
Total Functional Expenses$8,955,182$248,789$171,665$9,375,636

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$9,375,636
Total Expenses per Audited Statements$9,159,299
Expenses per Audited Statements$9,121,280
Expenses Not Reported on Financial Statements$254,356
Other Expense Adjustments$61,276
Expenses Not Reported on Form 990$38,019
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Fund for the City of New YorkNew York, NY501(c)(3)Receive and Hold Funds for the Benefit of the Graduate Center.$499,284
New York UniversityNew York, NY501(c)(3)Post-doctorate Fellow$81,000
Hebrew Union CollegeNew York, NY501(c)(3)Assistance$11,000

International Summary

Offices
0
Employees
0
Spending
$0

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Annuities Payable$9,682
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Prior to filing the form 990, a draft is sent to all members of the audit committee for its review. The review of the form 990 (draft) is included on the audit committee's meeting agenda. The audit committee reviews the draft form 990 and presents it to the full board. The minutes of the meeting of the audit committee record the timing and nature of that review. After board approval the form 990 is filed with the irs.

Form 990, Part VI, Section B, Line 12C

Board members and key employees sign a conflict of interest form annually. If there is a potential conflict, it is submitted to the audit committee for review and consideration. Individuals with a conflict are excluded from the decision-making process

Form 990, Part VI, Section C, Line 19

Copies of governing documents and conflict of interest forms are provided upon request. The most recent annual financial statements are available on www.gc.cuny.edu website. Prior years' annual financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
The Graduate Center Foundation Inc
EIN
13-3219419
Phone
2128277660
Address
365 FIFTH STREET 8TH FLOOR, NEW YORK, NY 10016

Signing Officer

Name
Brian a Peterson
Title
Senior V.p. Finance & Admin.
Phone
2128277660
Signed
2025-05-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian a Peterson
Formed
1983
Legal Domicile
Ny
Voting Board Members
24
Independent Board Members
24
Employees
0
Volunteers
0

Preparer

Firm
Efpr Group Cpas Pllc
Address
6390 MAIN STREET SUITE 200, WILLIAMSVILLE, NY 14221
Preparer
David a Urban CPA
Phone
7166340700
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1:

The graduate center foundation was established in 1983 as an independent not-for-profit entity that is committed to promoting and safeguarding the success of the graduate center. As the sole channel for contributions to the programs, centers and institutions of the graduate center, the foundation works with the president and provost of the graduate center on institutional priorities such as student support, career planning and collaborative research, and with program leaders on targeted scholarships and stipends, travel and conference support, and communicating to and from alumni. The foundation also manages and invests donations for use by the graduate center. The cuny graduate center is located in the heart of manhattan and set within the large and multi-campus city university of new york. It fosters advanced graduate education, original research and scholarship, innovative university-wide programs, and vibrant public events that draw upon and contribute to the complex communities of new york city and beyond. Through a broad range of nationally prominent doctoral programs, the graduate school prepares students to be scholars, teachers, experts, and leaders in the academy, the arts and in the private, nonprofit, and government sectors. Committed to cuny's historic mission of educating the children of the whole people, we work to provide access to graduate education for diverse groups of highly-talented students, including those who have been underrepresented in higher education.

FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:

The graduate center foundation is committed to promoting and safe-guarding the success of the graduate center by raising funds and managing and investing donations for use by the graduate center. The board of trustees of the foundation serves as advisors to the president of the graduate center. The board works to heighten the visibility of the graduate center and to raise awareness of the graduate center's contribution to higher education and its cultural vitality in new york city. The graduate center foundation housing corporation and the graduate center housing corporation lic are subsidiaries of the graduate center foundation. The board of trustees of the housing corporation oversees the management of streicker hall on east 118th street. Streicker hall provide an affordable housing option to graduate center students and faculty. The graduate center, cuny, is the focal point for advanced teaching and research at the city university of new york (cuny), the nation's largest urban public university. With over 35 doctoral and master's programs of the highest caliber, the graduate center fosters pioneering research and scholarship in the arts and sciences and prepares students for careers in universities and the private, nonprofit, and government sectors. The graduate center's commitment to research and scholarship for the public good is exemplified by its more than 30 centers, institutes, and initiatives, including its advanced science research center, a 200,000 square-foot facility in upper manhattan, designed to promote collaboration among scientists in five areas of global research and innovation: nanoscience, photonics, structural biology, neuroscience, and environmental sciences. The graduate center benefits from highly ambitious and diverse students and alumni-who in turn teach hundreds of thousands of undergraduates every year. Through its public programs, the graduate center enhances new york city's intellectual and cultural life. The graduate center is located in the heart of manhattan and set within the large and multi-campus city university of new york. It fosters advanced graduate education, original research and scholarship, innovative university-wide programs, and vibrant public events that draw upon and contribute to the complex communities of new york city and beyond. Through a broad range of nationally prominent doctoral programs, the graduate school prepares students to be scholars, teachers, experts, and leaders in the academy, the arts and in the private, nonprofit, and government sectors. Committed to cuny's historic mission of educating the "children of the whole people," we work to provide access to doctoral education for diverse groups of highly talented students, including those who have been underrepresented in higher education.

Form 990, Part IX, Line 11G

Consulting: program service expenses 845,097. Management and general expenses 0. Fundraising expenses 17,500. Total expenses 862,597. Honoraria: program service expenses 171,971. Management and general expenses 0. Fundraising expenses 0. Total expenses 171,971.

FORM 990, PART XI, LINE 9:

Actuarial loss on annuity obligations 27,947.

FORM 990, PART XII, LINE 2A:

The process has not changed from the prior year.

Financial Statement Notes

PART III, LINE 4:

The graduate center foundation, inc. Accepts gifts of art in keeping with its educational mission to interpret visual art and advance scholarly research on art and the history of art. The graduate center foundation, inc. Also preserves and exhibits art, sharing knowledge created at the graduate center with the public and using the art to inspire and educate the public.

PART V, LINE 4:

The endowment funds provide income to: support cuny graduate center in attracting distinguished faculty, provide scholarships and fellowships to cuny graduate center students, and develop academic programs.

PART X, LINE 2:

The foundation is exempt from income taxes under section 501(c)(3) of the internal revenue code; therefore, no provision for income taxes is reflected in the financial statements. The foundation has been classified as a publicly supported organization that is not a private foundation under section 509(a) of the code. The foundation presently discloses or recognizes income tax positions based on management's estimate of whether it is reasonably possible or probable that a liability has been incurred for unrecognized income taxes. Management has concluded that the foundation has taken no uncertain tax positions that require adjustment in it financial statements. U.s. Forms 990 filed by the foundation are subject to examination by taxing authorities

PART XI, LINE 2D - OTHER ADJUSTMENTS:

ACTUARIAL GAINS 27,947.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Transfers to graduate center; net with grants paid to affiliates 61,276.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Transfers to graduate center; net with grants paid on finacials 61,276.

Raw XML AppendixShowing 400 of 834 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherRevenueMiscGrp/ExclusionAmt013759
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt013759
IRS990/OtherRevenueTotalAmt013759
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt014471
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02630428
IRS990/OtherSalariesAndWagesGrp/TotalAmt02644899
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt06924534
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt052580558
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03227076
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04017622
IRS990/PrincipalOfficerNm0BRIAN A PETERSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05501980
IRS990/PYExcessBenefitTransInd00

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