The New York Public Library Astor … - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1895

Legal Domicile

Phone

2126210241

Tax Period

2024-07-01 to 2025-06-30

The New York Public Library Astor Lenox and Tilden Foundations, founded in 1895, is a major nonprofit in the Education sector that reported $693.2M in total revenue in fiscal year 2024. Revenue surged 75% from the prior year, signaling strong growth momentum. The organization ran a surplus of $267.8M, a strong 39% operating margin.

Mission

THE MISSION OF THE NEW YORK PUBLIC LIBRARY IS TO INSPIRE LIFELONG LEARNING, ADVANCE KNOWLEDGE, AND STRENGTHEN OUR COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $233,693,681 Revenue: $816,915

THE BRANCH LIBRARIES - THE SERVICES OF THE 88 BRANCH LIBRARIES EXTEND FAR BEYOND LENDING BOOKS AND MATERIALS. OUR BRANCHES ARE SAFE AND WELCOMING SPACES WHERE PATRONS ATTEND PROGRAMS, ACCESS...

THE BRANCH LIBRARIES - THE SERVICES OF THE 88 BRANCH LIBRARIES EXTEND FAR BEYOND LENDING BOOKS AND MATERIALS. OUR BRANCHES ARE SAFE AND WELCOMING SPACES WHERE PATRONS ATTEND PROGRAMS, ACCESS COMPUTERS AND THE INTERNET, AND ENGAGE WITH THEIR COMMUNITIES. NYPL PROVIDES FREE, HIGH-QUALITY EDUCATION SUPPORT TO PATRONS OF ALL AGES THROUGH A VARIETY OF PROGRAMS, FROM AFTER SCHOOL ENRICHMENT AND TEEN SERVICES TO ENGLISH LANGUAGE CLASSES AND JOB SUPPORT. NYPL'S CENTER FOR EDUCATORS & SCHOOLS HELPS EDUCATORS BRING THE LIBRARY'S COLLECTIONS AND EXPERTISE INTO THE CLASSROOM. VITAL COMMUNITY OUTREACH SERVICES ENGAGE NEW PATRONS, SUCH AS ASYLUM SEEKERS, AND CONNECT THEM TO CRITICAL LIBRARY RESOURCES. (CONTINUED ON SCHEDULE O)

Program 2

Expenses: $138,425,563 Revenue: $2,180,651

THE FOUR RESEARCH CENTERS - THE STEPHEN A. SCHWARZMAN BUILDING; THE THOMAS YOSELOFF BUSINESS CENTER; THE SCHOMBURG CENTER FOR RESEARCH IN BLACK CULTURE; AND THE LIBRARY FOR THE PERFORMING ARTS -...

THE FOUR RESEARCH CENTERS - THE STEPHEN A. SCHWARZMAN BUILDING; THE THOMAS YOSELOFF BUSINESS CENTER; THE SCHOMBURG CENTER FOR RESEARCH IN BLACK CULTURE; AND THE LIBRARY FOR THE PERFORMING ARTS - CONTINUE TO EXPAND ACCESS TO OUR COLLECTIONS, WELCOME NEW AUDIENCES, AND INSPIRE THE NEXT GENERATION OF RESEARCHERS. DURING FISCAL YEAR 2025, THE RESEARCH CENTERS WELCOMED APPROXIMATELY 4.2 MILLION ON-SITE PATRONS AND SPONSORED MORE THAN 3,100 PROGRAMS WITH ALMOST 155,000 ATTENDEES. LIBRARY STAFF RESPONDED TO 294,000 REFERENCE INQUIRIES. THE LIBRARY'S COLLECTION HOLDS 49 MILLION ITEMS, PRIMARILY BOOKS AND BOOK-LIKE MATERIALS, BUT ALSO PERSONAL PAPERS, ARCHIVES, PHOTOGRAPHS, AUDIO RECORDINGS, FILMS, MAPS, SHEET MUSIC, PRINTS AND CLIPPINGS. IN KEEPING WITH OUR MISSION TO PROVIDE FREE ACCESS TO INFORMATION FOR ALL, OUR WORLD-RENOWNED COLLECTIONS ARE OPEN TO ALL AND HELP SOLIDIFY BOTH THE LIBRARY AND NEW YORK CITY AS A HOME FOR KNOWLEDGE AND SCHOLARSHIP. (CONTINUED ON SCHEDULE O)

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $554,661,804

Program Service Revenue $1,053,841

Investment Income $128,996,613

Other Revenue $8,464,633

TOTAL REVENUE $693,176,891

Expense Breakdown

Grants Paid $2,448,398

Salaries & Benefits $260,926,129

Fundraising Expenses $11,557,542

Program Expenses $372,119,244

Other Expenses $161,765,973

TOTAL EXPENSES $425,370,648

Year-over-Year Comparison

	2024	2023	Change
Revenue	$693,176,891	$397,108,128	+0.7%
Expenses	$425,370,648	$389,659,256	+0.1%
Net Income	$267,806,243	$7,448,872	+35.0%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

3872

Volunteers

667

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✓ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$10,591,965

Total Directors

$1,199,884

Key Employees

$458,016

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ABBY S MILSTEIN	CHAIR & TRUSTEE	10.0	Officer Director	$0	$0	$0
ANTHONY W MARX	TRUSTEE, PRES AND CHIEF EXEC OFFICER	40.0	Officer Director	$1,100,064	$99,820	$1,199,884
RAYMOND J MCGUIRE	VICE CHAIR & TRUSTEE	2.0	Officer Director	$0	$0	$0
ANDRES SANTO DOMINGO	TRUSTEE	1.0	Director	$0	$0	$0
ANDREW SOLOMON	TRUSTEE	4.0	Director	$0	$0	$0
ANNETTE GORDON-REED	TRUSTEE	1.0	Director	$0	$0	$0
ANTHONY A YOSELOFF	TRUSTEE	2.0	Director	$0	$0	$0
AYSHA E SCHOMBURG	TRUSTEE (START 11/20/24)	1.0	Director	$0	$0	$0
BETH KOJIMA	TRUSTEE	4.0	Director	$0	$0	$0
CAREY MALONEY	TRUSTEE	1.0	Director	$0	$0	$0
CARL H PFORZHEIMER III	FOUNDATION TRUSTEE	1.0	Director	$0	$0	$0
CARLOS RODRIGUEZ-PASTOR	TRUSTEE	1.0	Director	$0	$0	$0
CHRISTOPHER HUGHES	TRUSTEE	2.0	Director	$0	$0	$0
DINAKAR SINGH	TRUSTEE	5.0	Director	$0	$0	$0
EVAN ROBERT CHESLER	TRUSTEE	1.0	Director	$0	$0	$0
HOWARD L MORGAN	FOUNDATION TRUSTEE	1.0	Director	$0	$0	$0
HUBERT JOLY	TRUSTEE	2.0	Director	$0	$0	$0
JAMES S TISCH	TRUSTEE (END 11/20/24)	1.0	Director	$0	$0	$0
JANE LAUDER	TRUSTEE	1.0	Director	$0	$0	$0
JELANI COBB	TRUSTEE	1.0	Director	$0	$0	$0
JOHN T CHAO	TRUSTEE	1.0	Director	$0	$0	$0
KATHARINE J RAYNER	FOUNDATION TRUSTEE	2.0	Director	$0	$0	$0
KRISTIN FISHER	TRUSTEE	1.0	Director	$0	$0	$0
KWAME ANTHONY APPIAH	TRUSTEE	1.0	Director	$0	$0	$0
LISETTE NIEVES	EX OFFICIO TTEE, REP OF COMPT	4.0	Director	$0	$0	$0
LUIS A UBINAS	TRUSTEE	3.0	Director	$0	$0	$0
MAHNAZ ISPAHANI BARTOS	TRUSTEE	5.0	Director	$0	$0	$0
MARIA TORRES-SPRINGER	EX OFFICIO TTEE, REP OF MAYOR	1.0	Director	$0	$0	$0
MERRYL H TISCH	TRUSTEE (START 11/20/24)	1.0	Director	$0	$0	$0
MICHAEL BYUNGJU KIM	TRUSTEE (END 1/23/25)	2.0	Director	$0	$0	$0
PAUL M ROMER	TRUSTEE	1.0	Director	$0	$0	$0
PETER BALDWIN	TRUSTEE	2.0	Director	$0	$0	$0
PETER BOYCE II	TRUSTEE (START 11/20/24)	1.0	Director	$0	$0	$0
SUSAN MORGENTHAU	TRUSTEE	2.0	Director	$0	$0	$0
TALI FARHADIAN WEINSTEIN	TRUSTEE	2.0	Director	$0	$0	$0
THEODORE GOLF	EX OFFICIO TTEE, REP OF SPKR	1.0	Director	$0	$0	$0
WILLIAM GRAY	TRUSTEE	1.0	Director	$0	$0	$0
BRENT REIDY	ANDREW W. MELLON, DIRECTOR	35.0	Officer	$467,361	$29,927	$497,288
BRIAN BANNON	MERRYL AND JAMES TISCH, DIRECTOR	35.0	Officer	$465,198	$49,111	$514,309
Bridget Smith	General Counsel and Secretary (Start 1/22/24)	35.0	Officer	$411,655	$517,941	$929,596
CARYL MATUTE	VP, BRANCH LIBRARIES & PATRON SVCS	35.0	Officer	$277,014	$85,528	$362,542
DAVID LEM	VP, CAPITAL PLANNING & CONSTRUCTION	35.0	Officer	$283,741	$76,571	$360,312
FAY ROSENFELD	VP, PUBLIC PROGRAMS	35.0	Officer	$260,234	$24,817	$285,051
GARFIELD L SWABY	VP, INFORMATION TECHNOLOGY	35.0	Officer	$277,852	$123,150	$401,002
GEETANJALI GUPTA	CHIEF INVESTMENT OFFICER	35.0	Officer	$1,514,290	$81,447	$1,595,737
GEORGE MIHALTSES	VP, GOV'T & COMMUNITY AFFRS	35.0	Officer	$252,640	$119,328	$371,968
GESILLE DIXON	VP, BRANCH PROGRAMS AND SERVICES	35.0	Officer	$249,159	$196,373	$445,532
IRIS WEINSHALL	COO AND TREASURER	35.0	Officer	$540,674	$48,904	$589,578
JADRIEN F STEELE	VP, DEVELOPMENT	35.0	Officer	$367,626	$227,204	$594,830
JENNIFER FERMINO	VP, COMMUNICATION AND MARKETING	35.0	Officer	$307,532	$50,394	$357,926
JENNIFER LOPEZ	CHIEF DIGITAL OFFICER (START 7/1/24)	35.0	Officer	$200,795	$14,296	$215,091
SAM RUBIN	CHIEF STRAT PLN OFFICER & CHIEF OF STAFF	35.0	Officer	$303,327	$21,015	$324,342
SHANNON SHARP	CFO & ASST TREASURER	35.0	Officer	$394,243	$78,478	$472,721
STEPHEN BETTS	INTERIM, CHIEF DIGITAL OFFICER (END 7/1/24)	35.0	Officer	$240,001	$60,685	$300,686
TERRANCE NEAL	VP, HUMAN RESOURCES	35.0	Officer	$376,397	$397,173	$773,570
GARRETT CHARLES BERGEN	SNR. DIRECTOR, FACILITIES MGMT	35.0	Key Emp	$233,688	$68,945	$302,633
MICHELE COLEMAN MAYES	Former VP, GENERAL COUNSEL AND SEC (END 3/1/24)	0.0	Key Emp	$170,955	$-15,572	$155,383
DORIS ZHAO	DIRECTOR, INVESTMENTS	35.0	Highest	$577,456	$41,909	$619,365
JOY BIVINS	DIRECTOR, THE SCHOMBERG CENTER	35.0	Highest	$291,988	$42,187	$334,175
MARJOEL MONTALBO	SNR DIRECTOR, BUDGET	35.0	Highest	$266,467	$191,825	$458,292
PETER RUMMEL	DIRECTOR, INVESTMENTS	35.0	Highest	$584,564	$24,869	$609,433
ROBERTA DA SILVA PEREIRA	EXECUTIVE DIRECTOR, LIBRARY FOR THE PERFORMING ARTS	35.0	Highest	$270,055	$49,356	$319,411

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$693,176,891	$425,370,648	$3,093,728,703	$267,806,243
2024	No data	No data	No data	No data
2023	$394,312,630	$393,521,704	$2,583,808,812	$790,926
2022	$424,158,856	$353,306,304	$2,532,922,656	$70,852,552
2021	$403,747,896	$327,801,939	$2,667,920,179	$75,945,957
2020	$448,257,647	$328,719,153	$2,215,916,848	$119,538,494
2019	$393,419,155	$329,448,745	$2,122,934,060	$63,970,410
2018	$436,747,420	$339,045,029	$2,034,453,839	$97,702,391

The New York Public Library Astor Lenox and Tilden Foundations