Andrew W Mellon Foundation
Only null% goes to programs Strong reserves
Andrew W Mellon Foundation is a 501(c)(3) organization based in New York, New York, registered in 1956, with $1,059,396,782 in FY2024 revenue. CharityIndex grades it B.
140 E 62nd St, New York, NY, 10065 EIN 13-1879954 Since 1956
Revenue (FY2024)
$1.1B
▲ 135.2% vs prior year
Education median: $200K
Expenses (FY2024)
$584.7M
Net assets
$7.2B
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Andrew W Mellon Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating148 mo reserves · +45% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Andrew W Mellon Foundation: 148 mo reserves · +45% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Andrew W Mellon Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Andrew W Mellon Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 140 E 62nd St, New York, NY, 10065
- City
- New York
- State
- New York
- Category
- Education
- Subcategory
- Student Services & Aid
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $310.8M (FY2016) to $1.1B (FY2024) across 9 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $612.4MNet assets $7.2B
Operating margin
44.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$7.8B
Total liabilities
$612.4M
Net assets
$7.2B
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,059,396,782▲135% | $584,700,649▼10.6% | $7,207,974,902▼1.4% | $7,820,349,022▼2.6% | 990PF |
| 2023 | $450,432,209▲40.5% | $654,044,753▼5.0% | $7,308,210,120▼2.7% | $8,027,994,221▼2.0% | 990PF |
| 2022 | $320,667,704▼72.0% | $688,730,792▲23.4% | $7,512,207,325▼16.0% | $8,189,888,621▼14.2% | 990PF |
| 2021 | $1,146,757,446▲127% | $557,955,269▲5.7% | $8,940,380,782▲16.3% | $9,550,167,340▲16.2% | 990PF |
| 2020 | $505,890,143▲13.2% | $527,947,671▲40.4% | $7,686,285,071▲12.7% | $8,218,016,721▲17.5% | 990PF |
| 2019 | $446,837,871▼7.6% | $376,055,916▲2.1% | $6,818,712,968▲6.8% | $6,993,697,924▲6.7% | 990PF |
| 2018 | $483,639,621▲13.0% | $368,391,721▲9.9% | $6,383,152,320▼4.3% | $6,556,606,822▼4.4% | 990PF |
| 2017 | $428,000,290▲37.7% | $335,318,470▼3.3% | $6,668,477,080▲10.9% | $6,855,615,466▲9.6% | 990PF |
| 2016 | $310,791,910 | $346,874,398 | $6,012,748,078 | $6,254,415,162 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Elizabeth Alexander — $1,528,343 (0.26% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Elizabeth Alexander | President | 50 | $1,528,343 |
| Scott Taylor | Chief Investment Officer | 50 | $1,395,936 |
| Sheree Carter-galvan | Chief Legal Officer | 50 | $822,239 |
| Julie Ehrlich | Evp & Coo | 50 | $642,483 |
| Carter Stewart | Evp, Programs & Research | 50 | $614,568 |
| Sepideh Sepasi | Cfo & Treasurer | 50 | $550,109 |
| Kathryn Hall | Trustee, Board Chair | 6 | $75,000 |
| Heather Gerken | Trustee | 5 | $60,000 |
| Jonathan Holloway | Trustee | 5 | $60,000 |
| Kelly Ann Granat | Trustee | 5 | $53,333 |
| Gaurav Kapadia | Trustee | 5 | $40,000 |
| Melissa Gilliam | Trustee | 5 | $40,000 |
| Sherrilyn Ifill | Trustee | 5 | $40,000 |
| Thelma Golden | Trustee | 5 | $40,000 |
| Maryana Iskander | Trustee (beg 03/2024) | 5 | $26,666 |
| Paul Farber | Trustee (beg 03/2024) | 5 | $26,666 |
| Joshua S Friedman | Trustee (end 03/2024) | 5 | $20,000 |
Similar organizations in Education
- Education
Education Upward Inc
Albany, NY
$0
Dannual revenue
- Education
Saint Joseph High School Alumni Association
New York, NY
$0
annual revenue
- Education
PTA New York Congress
Cedarhurst, NY
$0
annual revenue
- Education
Friends of the Bryant Library
Roslyn, NY
$0
annual revenue
- Education
PTA New York Congress
Brentwood, NY
$0
annual revenue
- Education
Blacks and Jews In Conversation Inc
New York, NY
$0
annual revenue
- Education
PTA New York Congress
Islip Terrace, NY
$0
annual revenue
- Education
PTA New York Congress
Copiague, NY
$0
annual revenue
Education
PTA New York Congress
Huntingtn Sta, NY
$0
Fannual revenue
- Education
Ellis-henningsen Scholarship Trust
New York, NY
$0
annual revenue
Compare Andrew W Mellon Foundation
Frequently asked questions
- Is Andrew W Mellon Foundation a legitimate nonprofit?
- Yes. Andrew W Mellon Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 13-1879954, based in New York, New York. Donations are tax-deductible.
- What is Andrew W Mellon Foundation's EIN?
- Andrew W Mellon Foundation's Employer Identification Number (EIN) is 13-1879954.
- How much revenue does Andrew W Mellon Foundation report?
- Andrew W Mellon Foundation reported $1,059,396,782 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Andrew W Mellon Foundation have?
- CharityIndex grades Andrew W Mellon Foundation B, based on financial health (reserves and operating margin).
- How much does Andrew W Mellon Foundation's highest-paid employee make?
- The highest reported compensation on Andrew W Mellon Foundation's latest Form 990 is $1,528,343, paid to Elizabeth Alexander (President).
More nonprofits in New York
Explore more
Data for Andrew W Mellon Foundation (EIN 13-1879954) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.