Civic Intelligence

Visual Arts Foundation Inc.

990 • Fiscal year 2024 • EIN 13-6261474

Jan 01, 2024 to Dec 31, 2024 • Filed on Apr 25, 2025

Organization Profilewww.visualartsfoundation.org
209 East 23rd StNew York, NY 10010

(212) 592-2227

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

18th percentile

0.00x

Higher debt load relative to assets than 18% of similar nonprofits.

2024 filings • NTEE A • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

19th percentile

0.00x

Higher debt load relative to revenue than 19% of similar nonprofits.

2024 filings • NTEE A • $1M-$5M nonprofits • Source year 2024

Net Margin

83rd percentile

44%

Higher net margin than 83% of similar nonprofits.

2024 filings • NTEE A • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

38th percentile

$0

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • NTEE A • $1M-$5M nonprofits • Source year 2024

Asset Growth

59th percentile

7.2%

Faster asset growth than 59% of similar nonprofits.

2024 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

38th percentile

1.0%

Faster revenue growth than 38% of similar nonprofits.

2024 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets18th percentile

Assets

Up

$4,989,600

Up $753,029 (+18%) from 2022

Net Assets

Up

$4,988,625

Up $773,554 (+18%) from 2022

Liabilities

Down

$975

Down $20,525 (-95%) from 2022

Revenue And Expenses
Liabilities / Revenue19th percentileNet Margin83rd percentile

Revenue

Up

$609,852

Up $40,321 (+7.1%) from 2022

Expenses

Up

$343,697

Up $31,474 (+10%) from 2022

Net Income

Up

$266,155

Up $8,847 (+3.4%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth59th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $2,205,632Liabilities 2010: $149,138Net Assets 2010: $2,056,4942010Assets 2011: $2,063,296Liabilities 2011: $98,666Net Assets 2011: $1,964,6302011Assets 2012: $2,296,774Liabilities 2012: $72,711Net Assets 2012: $2,224,0632012Assets 2014: $2,631,736Liabilities 2014: $136,306Net Assets 2014: $2,495,4302014Assets 2015: $2,879,193Liabilities 2015: $54,368Net Assets 2015: $2,824,8252015Assets 2016: $2,904,091Liabilities 2016: $52,302Net Assets 2016: $2,851,7892016Assets 2017: $3,032,225Liabilities 2017: $44,376Net Assets 2017: $2,987,8492017Assets 2018: $2,935,216Liabilities 2018: $44,376Net Assets 2018: $2,890,8402018Assets 2019: $3,570,734Liabilities 2019: $2,500Net Assets 2019: $3,568,2342019Assets 2020: $4,156,294Liabilities 2020: $2,000Net Assets 2020: $4,154,2942020Assets 2021: $5,109,948Liabilities 2021: $3,550Net Assets 2021: $5,106,3982021Assets 2022: $4,236,571Liabilities 2022: $21,500Net Assets 2022: $4,215,0712022Assets 2024: $4,989,600Liabilities 2024: $975Net Assets 2024: $4,988,6252024

Highlighted filing

2024

Assets$4,989,600
Liabilities$975
Net Assets$4,988,625
Open 2024 Filing

Operations Trend

Revenue Growth38th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2010: $308,598Expenses 2010: $221,193Net Income 2010: $87,4052010Expenses 2011: $275,3572011Revenue 2012: $265,875Expenses 2012: $205,968Net Income 2012: $59,9072012Revenue 2014: $378,823Expenses 2014: $171,049Net Income 2014: $207,7742014Revenue 2015: $523,038Expenses 2015: $193,001Net Income 2015: $330,0372015Revenue 2016: $269,314Expenses 2016: $201,326Net Income 2016: $67,9882016Revenue 2017: $290,914Expenses 2017: $204,281Net Income 2017: $86,6332017Revenue 2018: $224,375Expenses 2018: $266,864Net Income 2018: -$42,4892018Revenue 2019: $779,511Expenses 2019: $233,735Net Income 2019: $545,7762019Revenue 2020: $656,350Expenses 2020: $249,723Net Income 2020: $406,6272020Revenue 2021: $1,203,121Expenses 2021: $310,028Net Income 2021: $893,0932021Revenue 2022: $569,531Expenses 2022: $312,223Net Income 2022: $257,3082022Revenue 2024: $609,852Expenses 2024: $343,697Net Income 2024: $266,1552024

Highlighted filing

2024

Revenue$609,852
Expenses$343,697
Net Income$266,155
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 25, 2025
Return Version
2024v5.1
Gross Receipts
$609,852
Mission and Program Overview

Mission

The mission of the visual arts foundation is to advance the arts as both individual vocation and social force. The foundation supports emerging artists and broadens audiences for their work, fosters a climate that values and seeks understanding of the arts, and increases visual literacy and appreciation for "the artist's life".

The mission is to advance the arts as both an individual vocation and social force. The Foundation supports emerging artists and broadens audiences for their work, fosters a climate that values and seeks understanding of the arts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$2,704,695$2,862,642▲ $157,947
Cash and Non-Interest-Bearing Accounts$96,893$136,420▲ $39,527
Pledges and Grants Receivable$22,500$26,500▲ $4,000
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$4,655,727$4,989,600▲ $333,873
Other Assets Total$1,831,639$1,964,038▲ $132,399
Liabilities
Accounts Payable and Accrued Expenses$2,821$975▼ $1,846
Total Liabilities$2,821$975▼ $1,846
Net Assets / Fund Balance
Net Assets With Donor Restrictions$4,370,329$4,579,380▲ $209,051
Net Assets Without Donor Restrictions$282,577$409,245▲ $126,668
Total Net Assets Fund Balance$4,652,906$4,988,625▲ $335,719
Total Liabilities and Net Assets / Fund Balance$4,655,727$4,989,600▲ $333,873

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$86,009$86,009
Other Assets Org$5,441--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$2,704,695$6,853▲ $238,594$87,500$2,862,642
2023$2,340,108$371,832▲ $90,755$98,000$2,704,695
2022$3,205,315$7,999▼ $781,956$91,250$2,340,108
2021$2,203,709$602,500▲ $479,806$80,700$3,205,315
2020$1,824,194$450,000▲ $11,565$82,050$2,203,709
Compensation and Service Providers
Top Officer Pay38th percentile

Board Members and Trustees

NameTitle
Jeffrey NesinPresident
Bashan AquartDirector
David RhodesDirector
Dee ItoDirector
Patti GreaneyDirector
Paul DavisDirector
Jacqueline HoffnerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$334,198
Program Service Revenue
$40,820
Investment Income
$234,834
Other Revenue
$0
All Other Contributions
$334,198
Change in Net Assets
$266,155

Audited Revenue Reconciliation

Revenue per Audited Statements
$609,852
Total Revenue per Audited Statements
$609,852
Total Revenue per Form 990
$609,852
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$256,850
Other Expenses$86,847
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$256,850--$256,850
Fees for Services Accounting-$79,790-$79,790
Fees for Services Other$3,000--$3,000
Other Expenses$742--$742
Fees for Services Legal-$340-$340
Insurance$60--$60
Total Functional Expenses$263,567$80,130$0$343,697

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$343,697
Total Expenses per Audited Statements$343,697
Total Expenses per Form 990$343,697
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“No review was or will be conducted.”

Form 990, Part VI, Section C, Line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Visual Arts Foundation Inc
EIN
13-6261474
Phone
2125922227
Address
209 East 23rd St, New York, NY 10010

Signing Officer

Name
Jeffrey Nesin
Title
President
Signed
2025-04-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey Nesin
Formed
1968
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Michael J Goldberg
Address
651 Stuart Avenue, Mamaroneck, NY 10543
Preparer
Michael J Goldberg
Phone
9177697049
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Rounding = -$1”

Financial Statement Notes

Part III, Line 1A: If organization elected under SFAS 116 to not report are, historical treasures, O

“Organization maintains collections of works of art.”

Part V, Line 4: Intended uses of the endowment fund.

“Part X, Line 2:The Foundation is exempt from federal income tax under Section 501(c)(3) for the Internal Revenue Code. In addition, the Foundation qualifies for the charitable contribution deduction under Section 170(b)(1)(A). Management has evaluated the tax positions of the Foundation and concluded that the Foundation has taken no uncertain tax positions that require adjustment or disclosure to the accompanying financial statements.Part V Line 4:The Foundation's endowment funds are to be used primarily for scholarships.”

Part X : FIN48 Footnote

“There are no material uncertain tax positions.”

Raw XML AppendixShowing 400 of 457 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt02821
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0975
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0The mission is to advance the arts as both an individual vocation and social force. The Foundation supports emerging artists and broadens audiences for their work, fosters a climate that values and seeks understanding of the arts.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllOtherContributionsAmt0334198
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Jeffrey Nesin
IRS990/BooksInCareOfDetail/PhoneNum02125922227
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0209 East 23rd Street
IRS990/BooksInCareOfDetail/USAddress/CityNm0New York
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010010
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt096893
IRS990/CashNonInterestBearingGrp/EOYAmt0136420
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0true
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0334198
IRS990/CYGrantsAndSimilarPaidAmt0256850
IRS990/CYInvestmentIncomeAmt0234834
IRS990/CYOtherExpensesAmt086847
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt040820
IRS990/CYRevenuesLessExpensesAmt0266155
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0343697
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0609852
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0The Foundation provides scholarships, grants and awards for deserving students pursuing courses in the field of art.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonatedServicesAndUseFcltsAmt0-40820
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt04370329
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt04579380
IRS990/DonorRstrOrQuasiEndowmentsInd0true
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0263567
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt079790
IRS990/FeesForServicesAccountingGrp/TotalAmt079790
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0340
IRS990/FeesForServicesLegalGrp/TotalAmt0340
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt03000
IRS990/FeesForServicesOtherGrp/TotalAmt03000
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0David Rhodes
IRS990/Form990PartVIISectionAGrp/PersonNm1Dee Ito
IRS990/Form990PartVIISectionAGrp/PersonNm2Paul Davis
IRS990/Form990PartVIISectionAGrp/PersonNm3Patti Greaney
IRS990/Form990PartVIISectionAGrp/PersonNm4Bashan Aquart
IRS990/Form990PartVIISectionAGrp/PersonNm5Jeffrey Nesin
IRS990/Form990PartVIISectionAGrp/PersonNm6Jacqueline Hoffner
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5President
IRS990/Form990PartVIISectionAGrp/TitleTxt6Treasurer
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01968
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0256850
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0256850
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0609852
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ProgramServicesAmt060
IRS990/InsuranceGrp/TotalAmt060
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0234834
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0234834
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt02704695
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt02862642
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt086009
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt086009
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The mission is to advance the arts as both an individual vocation and social force. The Foundation supports emerging artists and broadens audiences for their work, fosters a climate that values and seeks understanding of the arts.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt04652906
IRS990/NetAssetsOrFundBalancesEOYAmt04988625
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0110385
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0282577
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0409245
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01831639
IRS990/OtherAssetsTotalGrp/EOYAmt01964038
IRS990/OtherChangesInNetAssetsAmt0-1
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Workers' Comp Insurance
IRS990/OtherExpensesGrp/Desc1Other General Admin Expenses
IRS990/OtherExpensesGrp/Desc2Bank Fees
IRS990/OtherExpensesGrp/ProgramServicesAmt01678
IRS990/OtherExpensesGrp/ProgramServicesAmt11237
IRS990/OtherExpensesGrp/ProgramServicesAmt2742
IRS990/OtherExpensesGrp/TotalAmt01678
IRS990/OtherExpensesGrp/TotalAmt11237
IRS990/OtherExpensesGrp/TotalAmt2742
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt022500
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt026500
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Jeffrey Nesin
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Contributed Services
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt040820
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt040820
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0629100
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0254180
IRS990/PYInvestmentIncomeAmt0-82324
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0121342
IRS990/PYProgramServiceRevenueAmt056822
IRS990/PYRevenuesLessExpensesAmt0228076
IRS990/PYTotalExpensesAmt0375522
IRS990/PYTotalRevenueAmt0603598
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0266155
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0334197
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0629100
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0248256
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01040893
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0575334
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02827780
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0234834
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0127435
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0162228
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt079102
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0603599
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.82410
IRS990ScheduleA/PublicSupportPY170Pct00.88290
IRS990ScheduleA/PublicSupportTotal170Amt02827780
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0334197
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0629100
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0248256
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01040893
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0575334
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02827780
IRS990ScheduleA/TotalSupportAmt03431379
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/CollUsedScholarlyRsrchInd0X
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02704695
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt06853
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02862642
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0238594
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt087500
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02340108
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0371832
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02704695
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt090755
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt098000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt03205315
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt07999
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02340108
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-781956
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt091250
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt02203709
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0602500
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt03205315
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0479806
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt080700
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01824194
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0450000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt02203709
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt011565
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt082050
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt086009
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt086009
IRS990ScheduleD/ExpensesSubtotalAmt0343697
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0616485
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11342112
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt25441
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Artwork
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Investments
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Other Assets
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/RevenueSubtotalAmt0609852
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Organization maintains collections of works of art.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Part X, Line 2:The Foundation is exempt from federal income tax under Section 501(c)(3) for the Internal Revenue Code. In addition, the Foundation qualifies for the charitable contribution deduction under Section 170(b)(1)(A). Management has evaluated the tax positions of the Foundation and concluded that the Foundation has taken no uncertain tax positions that require adjustment or disclosure to the accompanying financial statements.Part V Line 4:The Foundation's endowment funds are to be used primarily for scholarships.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2There are no material uncertain tax positions.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part III, Line 1a: If organization elected under SFAS 116 to not report are, historical treasures, o
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part V, Line 4: Intended uses of the endowment fund.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01964038
IRS990ScheduleD/TotalBookValueSecuritiesAmt02862642
IRS990ScheduleD/TotalExpensesPerForm990Amt0343697
IRS990ScheduleD/TotalRevenuePerForm990Amt0609852
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0609852
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0343697
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0256850
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships, Grants & Awards
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt080
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Grants are awarded to students who demonstrate need as defined by FAFSA and merit as determined by the Department Chair for whose department the funds are restricted. These recommendations are then reviewed by the President of the Foundation to ensure that the students recommended have both need and merit.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Additional Supplemental Information
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Rounding = -$1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04655727
IRS990/TotalAssetsEOYAmt04989600
IRS990/TotalAssetsGrp/BOYAmt04655727
IRS990/TotalAssetsGrp/EOYAmt04989600
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0334198
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt080130

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,989,600
Liabilities
$975
Net assets
$4,988,625
Revenue
$609,852
Expenses
$343,697
Net income
$266,155
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.99$0.00$4.99$0.61$0.34$0.27
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.24$0.02$4.22$0.57$0.31$0.26
2021Summary only. Only limited summary data is available for this year.$5.11$0.00$5.11$1.20$0.31$0.89
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.16$0.00$4.15$0.66$0.25$0.41
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.57$0.00$3.57$0.78$0.23$0.55
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.94$0.04$2.89$0.22$0.27$0.04
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.03$0.04$2.99$0.29$0.20$0.09
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.90$0.05$2.85$0.27$0.20$0.07
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.88$0.05$2.82$0.52$0.19$0.33
2014Detailed filing. Detailed filing data is available for this year.$2.63$0.14$2.50$0.38$0.17$0.21
2012Summary only. Only limited summary data is available for this year.$2.30$0.07$2.22$0.27$0.21$0.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.06$0.10$1.96$0.28
2010Summary only. Only limited summary data is available for this year.$2.21$0.15$2.06$0.31$0.22$0.09