Rockefeller Philanthropy Advisors Inc
- Assets
- $455.3m
- Revenue
- $356.0m
- Investments
- $5.7m
- Employees
- 280
- Location
- New York, NY
- Founding
- 07/1991
- Data as of
- 12/2019
- EIN
- 13-3615533
Organization Overview
Rockefeller Philanthropy Advisors Inc is located in New York, NY. The organization was established in 1991. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2019, Rockefeller Philanthropy Advisors Inc employed 280 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Rockefeller Philanthropy Advisors Inc generated $356.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $243.1m during the year ending 12/2019. While expenses have increased by 6.4% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rockefeller Philanthropy Advisors Inc has awarded 2,395 individual grants totaling $365,574,307. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
HELP DONORS CREATE THOUGHTFUL, EFFECTIVE PHILANTHROPY THROUGHOUT THE WORLD. RPA ASSISTS INDIVIDUALS, TRUSTS, FOUNDATIONS, & CORPORATIONS IN ACHIEVING THEIR PHILANTHROPIC GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSORED PROJECTS - RPA'S SPONSORED PROJECT PROGRAM ENABLES INDIVIDUALS AND GROUPS TO PURSUE A VARIETY OF SPECIALIZED CHARITABLE GRANT-MAKING PROJECTS AND ACTIVITIES CONSISTENT WITH THE GENERAL MISSION OF RPA. RPA PROVIDES ADMINISTRATIVE AND PROGRAMMATIC SUPPORT TO ENABLE FUNDERS TO DEVELOP, LAUNCH AND PROMOTE HIGH-IMPACT PROJECTS AROUND THE GLOBE. FISCAL SPONSORSHIP SUBSTANTIALLY REDUCES THE COSTS TYPICALLY ASSOCIATED WITH DEVELOPING NONPROFIT GOVERNANCE, MANAGEMENT AND OPERATIONAL INFRASTRUCTURE.(CONTINUED ON SCHEDULE O)
CHARITABLE FUNDS - RPA SERVES AS A GRANT-MAKING VEHICLE THAT ENABLES A DONOR TO MAKE RECOMMENDATIONS WITH RESPECT TO HIS OR HER PHILANTHROPIC OBJECTIVES. RPA'S CHARITABLE GIVING FUND IS A FLEXIBLE, COST-EFFECTIVE WAY FOR ITS DONORS TO ACHIEVE THEIR CHARITABLE AIMS. IT IS AN OPTIMAL ALTERNATIVE FOR INDIVIDUALS, COUPLES OR FAMILIES SEEKING EXPERT PHILANTHROPIC ADVICE WITHOUT THE EXPENSE AND COMPLEXITY OF FORMING A PRIVATE FOUNDATION.
GENERAL FUND/RPA CONSULTING - TO FACILITATE PHILANTHROPY AND TO SUPPORT THE GROWTH OF A VITAL, CREATIVE, NOT-FOR-PROFIT SECTOR. RPA HAS THE SKILL AND EXPERTISE TO ENGAGE CLIENTS AT ALL STAGES OF THE PHILANTHROPIC LIFE CYCLE, FROM CONCEPT AND START-UP TO ONGOING OPERATIONS AND SUCCESSION PLANNING. AS PART OF OUR MISSION OF THOUGHTFUL AND EFFECTIVE PHILANTHROPY, WE SHARE RESEARCH, BEST PRACTICES AND NEW-THINKING THAT ELEVATE THE FIELD OF PHILANTHROPY AND SUPPORT THE SECTOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa A Berman President And CEO | OfficerTrustee | 35 | $551,862 |
Timothy Perry Shriver Founder, Sponsored Project | 35 | $400,671 | |
Nicholas Hodges Senior Vice President/coo | Officer | 35 | $377,517 |
Andrew George Salkin Snr Vp, Spons Proj(thru 09/19) | 35 | $368,535 | |
Walter Sweet Executive SVP (as Of 01/19) | Officer | 35 | $365,356 |
Jeffrey A Nesbit Exec. Dir., Sponsored Proj. | 35 | $306,369 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Echidna Giving Advisors Llc Consulting | 12/30/19 | $1,200,000 |
Education First Consulting Llc Consulting | 12/30/19 | $1,308,060 |
Bankable Frontier Associates Llc Consulting | 12/30/19 | $4,506,453 |
Modusbox Inc Consulting | 12/30/19 | $3,926,286 |
Alvarez Marsal Corporate Performa Consulting | 12/30/19 | $1,000,710 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,311,335 |
| All other contributions, gifts, grants, and similar amounts not included above | $335,839,011 |
| Noncash contributions included in lines 1a–1f | $6,193,052 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $344,150,346 |
| Total Program Service Revenue | $8,237,939 |
| Investment income | $2,840,446 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $218,769 |
| Net Gain/Loss on Asset Sales | $474,509 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $355,953,946 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,342,069 |
| Grants and other assistance to domestic individuals. | $119,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $36,043,026 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,261,778 |
| Compensation of current officers, directors, key employees. | $1,146,688 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,955,209 |
| Pension plan accruals and contributions | $1,695,440 |
| Other employee benefits | $3,142,500 |
| Payroll taxes | $2,366,232 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $806,370 |
| Fees for services: Accounting | $171,649 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $5,225 |
| Fees for services: Investment Management | $321,238 |
| Fees for services: Other | $409,897 |
| Advertising and promotion | $660,951 |
| Office expenses | $456,658 |
| Information technology | $3,466,673 |
| Royalties | $0 |
| Occupancy | $3,015,159 |
| Travel | $4,837,213 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,225,999 |
| Interest | $4,790 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $396,624 |
| Insurance | $127,393 |
| All other expenses | $80,053 |
| Total functional expenses | $243,092,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,637,591 |
| Savings and temporary cash investments | $101,633,299 |
| Pledges and grants receivable | $229,004,516 |
| Accounts receivable, net | $2,959,785 |
| 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 | $424,467 |
| Net Land, buildings, and equipment | $855,234 |
| Investments—publicly traded securities | $67,762,940 |
| Investments—other securities | $5,722,767 |
| Investments—program-related | $250,000 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $455,250,599 |
| Accounts payable and accrued expenses | $7,116,413 |
| Grants payable | $46,193,296 |
| Deferred revenue | $3,419,490 |
| 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 | $1,160,445 |
| Total liabilities | $57,889,644 |
| Net assets without donor restrictions | $45,445,048 |
| Net assets with donor restrictions | $351,915,907 |
| 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 | $455,250,599 |
Grants Awarded
Over the last fiscal year, Rockefeller Philanthropy Advisors Inc has awarded $99,301,574 in support to 558 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: General | $10,875,000 |
San Francisco, CA PURPOSE: General | $6,750,500 |
Washington, DC PURPOSE: General | $2,800,000 |
New York, NY PURPOSE: General | $2,500,500 |
New York, NY PURPOSE: General | $2,305,000 |
Berkeley, CA PURPOSE: General | $2,122,826 |
Grants Recieved
Over the last fiscal year, we have identified 26 grants that Rockefeller Philanthropy Advisors Inc has recieved totaling $7,212,804.
| Awarding Organization | Amount |
|---|---|
Abbott Fund Abbott Park, IL PURPOSE: ABBOTT FUND CARDIOVASCULAR FELLOWSHIP PROGRAM | $1,800,000 |
The Susan Thompson Buffett Foundation Omaha, NE PURPOSE: PROJECT SUPPORT | $995,198 |
The Susan Thompson Buffett Foundation Omaha, NE PURPOSE: PROJECT SUPPORT | $995,198 |
Jewish Communal Fund New York, NY PURPOSE: General support | $644,532 |
The Susan Thompson Buffett Foundation Omaha, NE PURPOSE: PROJECT SUPPORT | $500,086 |
The Susan Thompson Buffett Foundation Omaha, NE PURPOSE: PROJECT SUPPORT | $500,086 |
Endowment Analysis
| Beg. Balance | $1,081,826 |
| Earnings | $95,868 |
| Ending Balance | $1,177,694 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Partners Inc New York, NY | $124,154,044 | $290,354,069 |
Rockefeller Philanthropy Advisors Inc New York, NY | $455,250,599 | $355,953,946 |
The Grantham Foundation For The Protection Of The Environment Boston, MA | $423,195,510 | $37,988,115 |
Candid New York, NY | $45,546,348 | $29,706,800 |
Forsyth Dental Infirmary For Children Cambridge, MA | $46,427,599 | $15,162,236 |
Fund For The Public Interest Inc Boston, MA | $39,340,294 | $20,043,845 |
Npt Charitable Asset Tr Jenkintown, PA | $16,456,984 | $30,273,580 |
Icv Group Inc Philadelphia, PA | $463,415 | $15,569,765 |
Person To Person Inc Darien, CT | $6,000,334 | $13,674,881 |
Rofeh Cholim Cancer Society Inc Brooklyn, NY | $13,597,917 | $11,492,133 |
Queens College Special Projects Fund Inc Flushing, NY | $55,677,615 | $6,439,846 |
Global Impact Investing Network Inc New York, NY | $8,741,361 | $5,922,696 |