The Paley Center For Media
- Assets
- $149.8m
- Revenue
- $16.7m
- Investments
- $0.0
- Employees
- 176
- Location
- New York, NY
- Founding
- 06/1975
- Data as of
- 12/2020
- EIN
- 13-2805582
Organization Overview
The Paley Center For Media is located in New York, NY. The organization was established in 1975. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Paley Center For Media employed 176 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paley Center For Media 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 12/2020, Paley Center For Media generated $16.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $15.9m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.
SEE SCHEDULE O.
SEE SCHEDULE O.
OTHER PROGRAM SERVICES:THE PALEY CENTER'S EDUCATION PROGRAMS FOR K-12 STUDENTS AND TEACHERS UTILIZE THE PALEY CENTER ARCHIVE TO BUILD PARTICIPANTS' ANALYTICAL THINKING, VIEWING, AND LISTENING SKILLS AND TO DEEPEN STUDENTS' UNDERSTANDING OF MEDIA AS A POWERFUL TOOL TO PERSUADE AND INFORM. CLASSES FOR STUDENTS EXAMINE MEDIA'S SHAPING INFLUENCE ON HISTORIC AND CONTEMPORARY EVENTS AND ITS UNIQUE POWER TO EDUCATE AND ENGAGE AUDIENCES. ALL EDUCATION CLASSES ARE ALIGNED WITH STATE AND LOCAL STANDARDS FOR ENGLISH LANGUAGE ARTS, SOCIAL STUDIES, AND VISUAL ARTS. DURING CLASSES, STUDENTS VIEW A CURATED SELECTION OF CLIPS FROM THE ARCHIVE TO EXAMINE MEDIA'S COVERAGE OF AND IMPACT ON A PARTICULAR ERA OR THEME, SUCH AS THE CIVIL RIGHTS MOVEMENT, THE COLD WAR, ACTIVISM, AND PORTRAYALS OF WOMEN ON TELEVISION. EDUCATORS THEN GUIDE AN INQUIRY-BASED DISCUSSION IN WHICH STUDENTS ARE ASKED TO CRITICALLY EVALUATE THE CONTENT THEY HAVE VIEWED AND TO PROVIDE EVIDENCE-BASED RESPONSES. EDUCATORS SPEAK ABOUT TECHNIQUES USED TO CONSTRUCT A NARRATIVE, VISUAL AND AUDITORY CLUES, AND COMPARE AND CONTRAST TECHNIQUES ACROSS DIFFERENT PROGRAMS, EXAMINING THEM FOR PURPOSE AND EFFECT. TO REINFORCE LEARNING AND INTEGRATE IT WITH CLASSROOM CURRICULUM, TEACHERS RECEIVE PRE- AND POST-VISIT MATERIALS THAT COVER KEY VOCABULARY, DISCUSSION QUESTIONS, AND INCLUDE SUGGESTED CLASSROOM ACTIVITIES TO EXTEND THE LEARNING EXPERIENCE. CLASSES AND ONLINE RESOURCES ARE DESIGNED TO PREPARE STUDENTS FOR A 21ST CENTURY DIGITAL LEARNING ENVIRONMENT.EACH YEAR, OUR EDUCATORS LEAD OVER 150 MEDIA LITERACY CLASSES AND WORKSHOPS SERVING MORE THAN 5,000 K-12 SCHOOL CHILDREN AND EDUCATORS. CLASSES ARE ADJUSTED ACCORDING TO GRADE LEVEL, COVER A BROAD RANGE OF SUBJECTS, AND INCORPORATE GUIDED DISCUSSION TO ENCOURAGE ACTIVE OBSERVATION AND CRITICAL THINKING. OVER 80% OF STUDENTS SERVED COME FROM NEW YORK CITY'S UNDER-RESOURCED PUBLIC SCHOOLS. WHEN SCHOOLS SHUT DOWN IN MARCH 2020 DUE TO THE COVID-19 GLOBAL PANDEMIC, THE PALEY CENTER CONCEIVED PALEY EDUCATION@HOME, A NEW SUITE OF FREE, ONLINE EDUCATIONAL RESOURCES TO REACH STUDENTS, PARENTS, AND TEACHERS NATIONWIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maureen J Reidy President & CEO | OfficerTrustee | 35 | $866,752 |
Diane Lewis Executive Vice President | Officer | 35 | $371,032 |
David Schoer Treasurer, Executive Vice President | Officer | 35 | $305,240 |
Andrew Meyer Svp, Programming | 35 | $225,360 | |
David Weinberg Vp, Business & Legal Affairs | 35 | $208,552 | |
Jamitha Fields Vp, Diversity, Inclusion & Engagement | 35 | $160,360 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pmb Llc Building Maintenance | 12/30/21 | $367,690 |
B Live Llc Technical Production | 12/30/21 | $115,143 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,622,150 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,506,095 |
| Noncash contributions included in lines 1a–1f | $5,534 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,128,245 |
| Total Program Service Revenue | $1,069,300 |
| Investment income | $109,163 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $744,306 |
| Net Gain/Loss on Asset Sales | $684,668 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,736,827 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $1,562,368 |
| Compensation of current officers, directors, key employees. | $658,725 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,930,002 |
| Pension plan accruals and contributions | $190,642 |
| Other employee benefits | $679,227 |
| Payroll taxes | $566,426 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $62,525 |
| Fees for services: Accounting | $110,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $4,000 |
| Fees for services: Investment Management | $71,907 |
| Fees for services: Other | $175,522 |
| Advertising and promotion | $0 |
| Office expenses | $106,866 |
| Information technology | $496,048 |
| Royalties | $0 |
| Occupancy | $1,805,452 |
| Travel | $39,446 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,303,119 |
| Insurance | $164,917 |
| All other expenses | $0 |
| Total functional expenses | $15,860,134 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $738 |
| Savings and temporary cash investments | $18,966,055 |
| Pledges and grants receivable | $5,456,275 |
| Accounts receivable, net | $0 |
| 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 | $244,741 |
| Net Land, buildings, and equipment | $23,731,192 |
| Investments—publicly traded securities | $101,352,651 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $48,929 |
| Total assets | $149,800,581 |
| Accounts payable and accrued expenses | $1,882,649 |
| Grants payable | $0 |
| Deferred revenue | $233,748 |
| 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 | $74,339 |
| Total liabilities | $2,190,736 |
| Net assets without donor restrictions | $68,046,003 |
| Net assets with donor restrictions | $79,563,842 |
| 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 | $149,800,581 |
Grants Recieved
Over the last fiscal year, we have identified 26 grants that The Paley Center For Media has recieved totaling $8,485,735.
| Awarding Organization | Amount |
|---|---|
William S Paley Foundation Inc Valhalla, NY PURPOSE: GENERAL PROGRAM | $4,124,746 |
William S Paley Foundation Inc Valhalla, NY PURPOSE: GENERAL OPERATING SUPPORT | $2,624,569 |
William S Paley Foundation Inc Valhalla, NY PURPOSE: PALEY TELEVISON FESTIVAL | $501,355 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $164,715 |
Marilyn & Jeffrey Katzenberg Foundation Los Angeles, CA PURPOSE: ARTS | $100,000 |
Ser Family Charitable Foundation Norwood, MA PURPOSE: COMMUNITY | $100,000 |
Endowment Analysis
| Beg. Balance | $79,563,842 |
| Earnings | $11,979,116 |
| Net Contributions | $4,627,038 |
| Other Expense | $5,144,629 |
| Ending Balance | $91,025,367 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Peabody Essex Museum Inc Salem, MA | $834,878,169 | $57,993,478 |
The Corning Museum Of Glass Corning, NY | $73,662,076 | $31,481,253 |
Intrepid Museum Foundation Inc New York, NY | $107,274,514 | $23,304,017 |
Jewish Museum New York, NY | $170,221,432 | $22,874,963 |
Mystic Seaport Museum Inc Mystic, CT | $122,267,932 | $26,794,983 |
The Paley Center For Media New York, NY | $149,800,581 | $16,736,827 |
Stone Barns Restoration Corp Pocantico Hills, NY | $107,933,883 | $7,964,721 |
Margaret Woodbury Strong Museum Rochester, NY | $223,670,725 | $24,556,351 |
Newark Museum Association Newark, NJ | $64,370,892 | $11,736,749 |
Brandywine Conservancy & Museum Of Art Chadds Ford, PA | $159,611,083 | $25,949,606 |
The Studio Museum In Harlem New York, NY | $153,708,532 | $40,471,884 |
The Maritime Aquarium At Norwalk Inc South Norwalk, CT | $19,089,489 | $11,308,442 |