irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $138.43MTHE 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)
named programs · 3 · from sources
What they call their work
Declaring America: 1776 and Beyond
Exhibition exploring the history and legacy of the Declaration of Independence through original documents, art, and multimedia presentations
Get in the Game! World Cup Reads
Curated reading list and book display highlighting fiction and nonfiction titles related to soccer and the World Cup
We the People: Reflections on America’s 250th
Public programming and storytelling initiative in partnership with StoryCorps to reflect on American identity and democracy
activities · 5 groups
What they do
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Public Access to Digital and Physical Library Collections 4 activities
- Offers online learning and skill development resourcesProvides access to LinkedIn Learning with over 5,700 courses, language learning in 71 languages, test preparation, and skill-building in writing, math, and public speaking through digital platforms available to patrons.
- Operates a modern public catalog systemProvides a mobile-friendly, bilingual (English and Spanish) catalog interface that enables patrons to search, request, borrow, and manage books, music, DVDs, and digital materials, including account management for checkouts, fees, and saved lists.
- Provides digital access to e-books, audiobooks, and historical collectionsOffers free digital access to over 300,000 e-books and e-audiobooks, as well as over 800,000 digitized historical items including photographs, maps, manuscripts, and prints through its online platforms.
- Provides digital magazine and online resource accessOffers digital access to over 100 popular magazines and enables New York residents to apply for a library card online to access digital resources.
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Film Festival and Screening Programming 1 activity
- Hosts public film screenings and talkbacksOrganizes public film screenings, such as New York-themed short films focused on disability experiences, followed by facilitated talkbacks with participants and filmmakers to discuss the creative process and themes.
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Summer and Seasonal Reading Programs 1 activity
- Offers in-person creative programs for teens and childrenHosts regular in-person craft, zine-making, poetry writing, and art programs for teens and children, including summer initiatives with free supplies and open access at designated library locations such as the Stavros Niarchos Foundation Library Teen Center and Soundview Library.
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Local History Museum Operations 1 activity
- Operates a free permanent exhibition spaceRuns a free permanent exhibition that has welcomed five million visitors since opening in 2021, displaying approximately 250 rotating archival items from its collections spanning 4,000 years of human history.
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Uncategorized 2 activities
- Hosts major historical exhibitionsDevelops and hosts large-scale exhibitions such as "Declaring America: 1776 and Beyond" and the Martha Graham centennial exhibition, featuring hundreds of archival items, conservation and registrar preparation, audio guides, and extensive internal coordination. The "Declaring America" exhibition alone was developed over multiple years and includes public access to rare documents like Thomas Jefferson's handwritten Declaration of Independence.
- Offers tarot card reading eventsHosts tarot card reading sessions conducted by librarians for entertainment purposes, as part of public programming offerings.
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financials · form 990 · fy2024
revenue
Total revenue$693.18M
Contributions & grants$554.66M80%
Program service revenue$1.05M0%
Investment income$129.00M19%
Other revenue$8.46M
expenses
Total expenses$425.37M
Program expenses87%
Admin / overhead10%
Fundraising3%
Salaries & benefits$260.93M
Grants paid out$2.45M
Largest expense lineCompensation
balance sheet
Total assets$3.09B
Cash$181.20M
Investments$1.83B
Liabilities$441.56M
Net assets$2.65B
Liquid reserves56.8 mo
6 years on record · 2019–2024 · YoY revenue +74.6%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 25
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| GEETANJALI GUPTA | CHIEF INVESTMENT OFFICER | 35 | $1.60M |
| ANTHONY W MARX | TRUSTEE, PRES AND CHIEF EXEC OFFICER | 40 | $1.20M |
| Bridget Smith | General Counsel and Secretary (Start 1/22/24) | 35 | $930K |
| TERRANCE NEAL | VP, HUMAN RESOURCES | 35 | $774K |
| DORIS ZHAO | DIRECTOR, INVESTMENTS | 35 | $619K |
| PETER RUMMEL | DIRECTOR, INVESTMENTS | 35 | $609K |
| JADRIEN F STEELE | VP, DEVELOPMENT | 35 | $595K |
| IRIS WEINSHALL | COO AND TREASURER | 35 | $590K |
| BRIAN BANNON | MERRYL AND JAMES TISCH, DIRECTOR | 35 | $514K |
| BRENT REIDY | ANDREW W. MELLON, DIRECTOR | 35 | $497K |
| SHANNON SHARP | CFO & ASST TREASURER | 35 | $473K |
| MARJOEL MONTALBO | SNR DIRECTOR, BUDGET | 35 | $458K |
| GESILLE DIXON | VP, BRANCH PROGRAMS AND SERVICES | 35 | $446K |
| GARFIELD L SWABY | VP, INFORMATION TECHNOLOGY | 35 | $401K |
| GEORGE MIHALTSES | VP, GOV'T & COMMUNITY AFFRS | 35 | $372K |
| CARYL MATUTE | VP, BRANCH LIBRARIES & PATRON SVCS | 35 | $363K |
| DAVID LEM | VP, CAPITAL PLANNING & CONSTRUCTION | 35 | $360K |
| JENNIFER FERMINO | VP, COMMUNICATION AND MARKETING | 35 | $358K |
| JOY BIVINS | DIRECTOR, THE SCHOMBERG CENTER | 35 | $334K |
| SAM RUBIN | CHIEF STRAT PLN OFFICER & CHIEF OF STAFF | 35 | $324K |
| ROBERTA DA SILVA PEREIRA | EXECUTIVE DIRECTOR, LIBRARY FOR THE PERFORMING ARTS | 35 | $319K |
| GARRETT CHARLES BERGEN | SNR. DIRECTOR, FACILITIES MGMT | 35 | $303K |
| STEPHEN BETTS | INTERIM, CHIEF DIGITAL OFFICER (END 7/1/24) | 35 | $301K |
| FAY ROSENFELD | VP, PUBLIC PROGRAMS | 35 | $285K |
| JENNIFER LOPEZ | CHIEF DIGITAL OFFICER (START 7/1/24) | 35 | $215K |
relationships · 20
Who they work with
- Andreas C. Dracopoulos Family Endowment for Young Audiences Funder — Provider of continuing major support for educational programming at the library.
- Ask NYPL Partner — Provides support for questions and feedback about the new catalog.
- EBSCO Partner — Hosts Article Plus, a search tool that enables discovery across multiple NYPL databases.
- Flipster Partner — Provides access to digital magazines through the Flipster platform.
- Jack Ferver Partner — Curator of the exhibition on Martha Graham.
- Jane Lauder Funder — Provider of additional support for the Summer Reading and Learning Programs.
- Jerome Robbins Dance Division Network — Holds the Martha Graham archive and provides archival materials for the exhibition.
- LinkedIn Learning Partner — Provides access to LinkedIn Learning's online educational platform as part of NYPL's digital resources.
- Mango Languages Partner — Offers language learning through the Mango Languages interactive platform.
- Martha Graham Dance Company Partner — Co-participant in the centennial exhibition celebrating Martha Graham's legacy.
- Merryl H. and James S. Tisch Funder — Major supporters of educational programming at the library.
- Montblanc Funder — Provider of additional support for the Summer Reading and Learning Programs.
- New York Life Foundation Funder — Major supporter and city-wide sponsor for the Summer Reading and Learning Programs in 2026.
- New York Yankees Foundation Funder — Provider of additional support for the Summer Reading and Learning Programs.
- ReelAbilities Partner — Collaborated to present a Disability Pride Month film screening and talkback event.
- Stavros Niarchos Foundation Funder — Provides funding that makes the Teen Craft Camp program possible.
- StoryCorps Partner — Partnered with StoryCorps for the "We the People: Reflections on America’s 250th" component of the exhibition.
- TALEA Beer Co. Partner — Collaborates on Liberty Lager beer and a discovery station to explore the art and science behind the brew.
- The Rona Jaffe Foundation Funder — Provider of additional support for the Summer Reading and Learning Programs.
- Young People’s Chorus of New York City Partner — Collaborates on a concert celebrating American musical traditions.
strategies · 2
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Creative Expression as Youth Engagementmethodology: creative_self-expressionBy providing unstructured creative activities like writing, crafting, and art, we engage teens and children in library programming because self-expression fosters personal connection, sustained participation, and emotional resonance with library spaces.
- Public Engagement Through Cultural and Historical Exhibitionsmethodology: public_engagement_through_exhibitionsBy presenting archival materials and historical milestones through public exhibitions, interactive events, and film screenings, we deepen public understanding of shared heritage and urban experiences because immersive, multi-format storytelling increases accessibility and emotional engagement with complex topics.