Blue Meridian Partners Inc
- Assets
- $1.9b
- Revenue
- $907.8m
- Investments
- $0.0
- Employees
- 44
- Location
- New York, NY
- Founding
- 04/2017
- Data as of
- 09/2020
- EIN
- 81-5086187
Organization Overview
Blue Meridian Partners Inc is located in New York, NY. The organization was established in 2017. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. As of 09/2020, Blue Meridian Partners Inc employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 09/2020, Blue Meridian Partners Inc generated $907.8m in total revenue. All expenses for the organization totaled $324.9m during the year ending 09/2020. While expenses have increased by 65.2% per year over the past 3 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 2018, Blue Meridian Partners Inc has awarded 88 individual grants totaling $511,099,952. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
BLUE MERIDIAN PARTNERS FINDS AND FUNDS SCALABLE SOLUTIONS TO PROBLEMS THAT TRAP AMERICA'S YOUTH AND FAMILIES IN POVERTY AND LIMIT ECONOMIC MOBILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BLUE MERIDIAN PARTNERS FINDS AND FUNDS SCALABLE SOLUTIONS TO THE PROBLEMS THAT LIMIT ECONOMIC MOBILITY AND TRAP AMERICA'S AND YOUNG PEOPLE AND FAMILIES IN POVERTY. BLUE MERIDIAN POOLS PHILANTHROPIC CAPITAL TO MAKE FLEXIBLE, LONG-TERM INVESTMENTS AND PROVIDE SUSTAINED STRATEGIC PLANNING AND OPERATIONAL SUPPORT TO HELP SOCIAL SECTOR LEADERS EXPAND THE REACH, IMPACT, AND INFLUENCE OF THEIR SOLUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Roob President And CEO | OfficerTrustee | 45 | $585,509 |
Ralph Stefano Treasurer / Secretary / CFO | Officer | 45 | $387,218 |
Kelly L Campbell Man. Dir., Portfolio Strategy & Mgmt. | Officer | 50 | $342,312 |
Lissette Rodriguez Man. Dir., Portfolio Strategy & Mgmt. | 30 | $297,020 | |
Charles Harris III Chief Development Officer | Officer | 50 | $286,122 |
Carol Pledger Interim Chief Administration Officer | 45 | $283,962 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bridgespan Group Program And Grantee Consulting | 9/29/20 | $3,555,135 |
Patterson Belknap Webb & Tyler Llp Legal Consulting | 9/29/20 | $873,817 |
Hr&a Advisors Inc Place Based Investment Evaluation Consul | 9/29/20 | $250,000 |
Bettyandsmith Llc Branding/comms Consulting | 9/29/20 | $245,523 |
Constructive Branding/comms Consulting | 9/29/20 | $189,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $33,614,246 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $865,932,810 |
| Noncash contributions included in lines 1a–1f | $313,065,958 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $899,547,056 |
| Total Program Service Revenue | $0 |
| Investment income | $1,069,097 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,160,156 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $907,776,309 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $302,292,753 |
| 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. | $3,621,598 |
| Compensation of current officers, directors, key employees. | $398,376 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,359,023 |
| Pension plan accruals and contributions | $737,449 |
| Other employee benefits | $1,411,479 |
| Payroll taxes | $528,698 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $965,617 |
| Fees for services: Accounting | $136,446 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $530,066 |
| Fees for services: Other | $7,467,835 |
| Advertising and promotion | $0 |
| Office expenses | $227,360 |
| Information technology | $330,070 |
| Royalties | $0 |
| Occupancy | $669,484 |
| Travel | $209,003 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $423,274 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $5,914 |
| Total functional expenses | $324,916,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,221,698 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,449,203,878 |
| 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 | $289,202 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $365,078,299 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,863,793,077 |
| Accounts payable and accrued expenses | $492,670 |
| Grants payable | $8,340,002 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $8,832,672 |
| Net assets without donor restrictions | $3,028,588 |
| Net assets with donor restrictions | $1,851,931,817 |
| 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 | $1,863,793,077 |
Grants Awarded
Over the last fiscal year, Blue Meridian Partners Inc has awarded $302,003,560 in support to 64 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: TO PROVIDE COVID-19 SUPPORT | $29,500,000 |
New York, NY PURPOSE: TO PROVIDE COVID-19 SUPPORT | $22,500,000 |
Charlotte, NC PURPOSE: TO SUPPORT SCALING PLAN | $19,600,000 |
Oakland, CA PURPOSE: TO SUPPORT SCALING PLAN | $19,550,250 |
Boston, MA PURPOSE: TO SUPPORT SCALING PLAN | $16,100,000 |
New York, NY PURPOSE: TO PROVIDE COVID-19 SUPPORT | $15,000,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Blue Meridian Partners Inc has recieved totaling $100,479.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $100,479 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Blue Meridian Partners Inc New York, NY | $1,863,793,077 | $907,776,309 |
Rite Aid Foundation Camp Hill, PA | $43,289,440 | $16,580,430 |
Fund For The Aged Inc New York, NY | $109,638,229 | $8,799,825 |
New York Womens Foundation New York, NY | $30,790,795 | $14,737,795 |
Ecumenical Enterprises Inc Dallas, PA | $31,600,999 | $16,500,454 |
Social Finance Inc Boston, MA | $27,643,072 | $23,709,426 |
Greater Ridgewood Youth Council Inc Ridgewood, NY | $7,800,086 | $10,679,445 |
Sdsn Association Inc New York, NY | $8,753,106 | $9,476,228 |
Shear Family Foundation Inc Pittsburgh, PA | $177,074,905 | $13,583,714 |
The Foundation For Enhancing Communities Harrisburg, PA | $112,582,110 | $10,527,158 |
Single Stop Usa Inc New York, NY | $6,519,072 | $7,800,953 |
The Samberg Family Foundation Katonah, NY | $0 | $890,030 |