Civic Intelligence

Meserve-Kunhardt Foundation

EIN 20-2412662 • 501(c)3 • Pleasantville, NY

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Profile

The foundation permanently preserves the work of gordon parks, makes it available to the public through exhibitions, books and electronic media, and supports artistic and educational activities that advance what parks described as "the common search for a better life and a better world ." the foundation's exhibition space presents exhibitions on gordon parks and other artists working within the themes of social justice, as part of the foundation's commitment to educating the public.

48 Wheeler Avenue 2Pleasantville, NY 10570

www.gordonparksfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

7th percentile

0.00x

Higher debt load relative to assets than 7% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

8th percentile

0.01x

Higher debt load relative to revenue than 8% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

87th percentile

42%

Higher net margin than 87% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

62nd percentile

9.2%

Faster asset growth than 62% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

59th percentile

11%

Faster revenue growth than 59% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets7th percentile

Assets

Up

$25,873,204

Up $2,184,497 (+9.2%) from 2023

Liabilities

Up

$40,805

Up $13,916 (+52%) from 2023

Net Assets

Up

$25,832,399

Up $2,170,581 (+9.2%) from 2023

Operations
Liabilities / Revenue8th percentileNet Margin87th percentile

Revenue

Up

$5,117,803

Up $507,031 (+11%) from 2023

Expenses

Down

$2,947,222

Down $151,267 (-4.9%) from 2023

Net Income

Up

$2,170,581

Up $658,298 (+44%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth62nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2010: $1,384,447Liabilities 2010: $22,404Net Assets 2010: $1,362,0432010Assets 2011: $1,442,815Liabilities 2011: $46,793Net Assets 2011: $1,396,0222011Assets 2012: $2,109,565Liabilities 2012: $33,910Net Assets 2012: $2,075,6552012Assets 2013: $3,424,142Liabilities 2013: $20,786Net Assets 2013: $3,403,3562013Assets 2014: $5,984,406Liabilities 2014: $35,634Net Assets 2014: $5,948,7722014Assets 2015: $9,966,587Liabilities 2015: $218,716Net Assets 2015: $9,747,8712015Assets 2016: $11,412,556Liabilities 2016: $162,496Net Assets 2016: $11,250,0602016Assets 2017: $13,236,634Liabilities 2017: $140,003Net Assets 2017: $13,096,6312017Assets 2018: $16,351,289Liabilities 2018: $99,632Net Assets 2018: $16,251,6572018Assets 2019: $16,949,241Liabilities 2019: $133,867Net Assets 2019: $16,815,3742019Assets 2020: $16,642,571Liabilities 2020: $133,524Net Assets 2020: $16,509,0472020Assets 2021: $18,889,562Liabilities 2021: $61,579Net Assets 2021: $18,827,9832021Assets 2022: $22,170,693Liabilities 2022: $21,158Net Assets 2022: $22,149,5352022Assets 2023: $23,688,707Liabilities 2023: $26,889Net Assets 2023: $23,661,8182023Assets 2024: $25,873,204Liabilities 2024: $40,805Net Assets 2024: $25,832,3992024

Highlighted filing

2024

Assets$25,873,204
Liabilities$40,805
Net Assets$25,832,399
Open 2024 Filing

Operations Trend

Revenue Growth59th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $641,7972010Revenue 2011: $736,934Expenses 2011: $702,955Net Income 2011: $33,9792011Revenue 2012: $1,754,372Expenses 2012: $1,074,739Net Income 2012: $679,6332012Revenue 2013: $2,387,217Expenses 2013: $1,059,516Net Income 2013: $1,327,7012013Revenue 2014: $3,841,808Expenses 2014: $1,298,286Net Income 2014: $2,543,5222014Revenue 2015: $6,839,066Expenses 2015: $3,265,616Net Income 2015: $3,573,4502015Revenue 2016: $4,502,945Expenses 2016: $2,888,490Net Income 2016: $1,614,4552016Revenue 2017: $4,422,886Expenses 2017: $3,000,752Net Income 2017: $1,422,1342017Revenue 2018: $5,165,665Expenses 2018: $3,307,991Net Income 2018: $1,857,6742018Revenue 2019: $4,237,283Expenses 2019: $3,673,566Net Income 2019: $563,7172019Revenue 2020: $3,256,949Expenses 2020: $3,563,276Net Income 2020: -$306,3272020Revenue 2021: $5,340,615Expenses 2021: $3,021,679Net Income 2021: $2,318,9362021Revenue 2022: $6,303,534Expenses 2022: $2,981,982Net Income 2022: $3,321,5522022Revenue 2023: $4,610,772Expenses 2023: $3,098,489Net Income 2023: $1,512,2832023Revenue 2024: $5,117,803Expenses 2024: $2,947,222Net Income 2024: $2,170,5812024

Highlighted filing

2024

Revenue$5,117,803
Expenses$2,947,222
Net Income$2,170,581
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$25,873,204
Liabilities
$40,805
Net assets
$25,832,399
Revenue
$5,117,803
Expenses
$2,947,222
Net income
$2,170,581
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$25.9$0.04$25.8$5.12$2.95$2.17
2023Detailed filing. Detailed filing data is available for this year.$23.7$0.03$23.7$4.61$3.10$1.51
2022Detailed filing. Detailed filing data is available for this year.$22.2$0.02$22.1$6.30$2.98$3.32
2021Detailed filing. Detailed filing data is available for this year.$18.9$0.06$18.8$5.34$3.02$2.32
2020Detailed filing. Detailed filing data is available for this year.$16.6$0.13$16.5$3.26$3.56$0.31
2019Summary only. Only limited summary data is available for this year.$16.9$0.13$16.8$4.24$3.67$0.56
2018Summary only. Only limited summary data is available for this year.$16.4$0.10$16.3$5.17$3.31$1.86
2017Summary only. Only limited summary data is available for this year.$13.2$0.14$13.1$4.42$3.00$1.42
2016Summary only. Only limited summary data is available for this year.$11.4$0.16$11.3$4.50$2.89$1.61
2015Summary only. Only limited summary data is available for this year.$9.97$0.22$9.75$6.84$3.27$3.57
2014Summary only. Only limited summary data is available for this year.$5.98$0.04$5.95$3.84$1.30$2.54
2013Summary only. Only limited summary data is available for this year.$3.42$0.02$3.40$2.39$1.06$1.33
2012Summary only. Only limited summary data is available for this year.$2.11$0.03$2.08$1.75$1.07$0.68
2011Summary only. Only limited summary data is available for this year.$1.44$0.05$1.40$0.74$0.70$0.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.38$0.02$1.36$0.64
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 11, 2025
Return Version
2024v5.2
Gross Receipts
$5,729,764
Mission and Program Overview

Mission

The foundation permanently preserves the work of gordon parks, makes it available to the public through exhibitions, books and electronic media, and supports artistic and educational activities that advance what parks described as "the common search for a better life and a better world ." the foundation's exhibition space presents exhibitions on gordon parks and other artists working within the themes of social justice, as part of the foundation's commitment to educating the public.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$20,194,652$21,386,100▲ $1,191,448
Land, Buildings, and Equipment, Net$2,545,049$2,486,599▼ $58,450
Savings and Temporary Cash Investments$661,368$1,701,829▲ $1,040,461
Cash and Non-Interest-Bearing Accounts$177,467$217,101▲ $39,634
Prepaid Expenses and Deferred Charges$109,596$81,000▼ $28,596
Total Assets$23,688,707$25,873,204▲ $2,184,497
Other Assets Total$575$575→ $0
Liabilities
Other Liabilities$20,000$28,000▲ $8,000
Accounts Payable and Accrued Expenses$6,889$12,805▲ $5,916
Total Liabilities$26,889$40,805▲ $13,916
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$11,823,986$13,084,119▲ $1,260,133
Net Assets With Donor Restrictions$11,837,832$12,748,280▲ $910,448
Total Net Assets Fund Balance$23,661,818$25,832,399▲ $2,170,581
Total Liabilities and Net Assets / Fund Balance$23,688,707$25,873,204▲ $2,184,497

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,132,240$194,700$1,326,940
Leasehold Improvements$631,347$168,758$800,105
Land$714,000-$714,000
Equipment$9,012$63,951$72,963
Other Land Buildings$0$35,162$35,162

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$25,229,330$525,000▲ $4,195,016-$29,949,346
2023$20,618,413$850,000▲ $3,760,917-$25,229,330
2022$20,545,439$3,092,000▼ $3,019,026-$20,618,413
2021$15,561,054$2,250,000▲ $2,734,385-$20,545,439
2020$9,200,536$530,000▲ $5,860,518$30,000$15,561,054
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Peter W Kunhardt JrExecutive DirectorFT$439,530$439,530
Thomas a ConwayChief Financial OfficerPT$180,835$180,835

Board Members and Trustees

NameTitle
Nina FreedmanPresident
Alexander SorosDirector
Deborah Willis PhdDirector
Diana RevsonDirector
Jackie GloverDirector
Laura BrownDirector
Lewis J Hart IiiDirector
Mario SprouseDirector
Peter W KunhardtDirector
Philip B Kunhardt IiiDirector
William Jelani CobbDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Cipriani USACatering And Related Goods And Services42ND STREET LESSEE LLC 110 E 42 S, New York, NY 10017$175,107
-Photo Sales And Consulting500 SOUND AVE PO BOX 574, Peconic, NY 11958$141,060
Revenue and Support

Revenue Composition

Contributions and Grants
$2,920,497
Program Service Revenue
$1,718,779
Investment Income
$729,333
Other Revenue
$-250,806
All Other Contributions
$595,255
Change in Net Assets
$2,170,581

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,117,803
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$3,528,568
Total Revenue per Audited Statements
$8,646,371
Total Revenue per Form 990
$5,117,803
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,712,811
Salaries, Compensation, and Employee Benefits$1,091,911
Total Fundraising Expense$279,438
Grants and Similar Amounts Paid$142,500
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$310,183$155,091$155,091$620,365
Other Salaries and Wages$313,500--$313,500
Travel$99,571$1,194$1,194$101,959
Office Expenses$41,654$20,827$20,827$83,308
Occupancy$39,648$19,825$19,825$79,298
Other Employee Benefits$53,267$12,661$12,661$78,589
Grants to Domestic Individuals$75,000--$75,000
Grants to Domestic Orgs$67,500--$67,500
Fees for Services Other$30,184$15,093$15,093$60,370
Depreciation Depletion$30,870$13,790$13,790$58,450
Payroll Taxes$36,988$8,792$8,792$54,572
Fees for Services Accounting$24,438$12,219$12,218$48,875
Insurance$39,900$3,703$3,703$47,306
Pension Plan Contributions$24,885--$24,885
Other Expenses$10,000-$16,000$10,000
Fees for Services Legal$488$243$244$975
Total Functional Expenses$2,404,346$263,438$279,438$2,947,222

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,950,514
Expenses per Audited Statements$2,947,222
Total Expenses per Form 990$2,947,222
Expenses Not Reported on Form 990$3,292
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
New York University - Tisch School of the ArtsNew York, NY-Scholarships, Institutional Grant$15,000
Columbia UniversityNew York, NY-Scholarships$7,500
Fashion Institute of TechnologyNew York, NY-Scholarships$7,500
Harvard UniversityCambridge, MA-Scholarships$7,500
National Youngarts FoundationMiami, FL-Scholarships$7,500
Pratt InstituteBrooklyn, NY-Scholarships$7,500
The Ghetto Film SchoolBronx, NY-Scholarships$7,500
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$508,884
Fundraising Gross Income$136,500
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$2,461,742$136,500$508,884$-372,384
Total Events$2,461,742$136,500$508,884$-372,384
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Program Revenue$28,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Peter and philip kunhardt are brothers. Peter kunhardt jr., the executive director of the foundation and a board member, is peter kunhardt's son.”

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

“A copy of form 990 was provided to the organization's governing body before it was filed.”

Form 990, Part VI, Section B, Line 12C

“The organization regularly and consistently monitors and enforces compliance with its conflict of interest policy by oversight.”

Form 990, Part VI, Section B, Line 15

“The compensation for the executive director and other officers was determined by the compensation committee and recommended to the board for approval. The compensation committee uses compensation data from comparable organizations to help establish the compensation for the executive director and other officers.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Meserve-kunhardt Foundation
EIN
20-2412662
Phone
9142382619
Address
48 WHEELER AVENUE 2, PLEASANTVILLE, NY 10570
Doing Business As
The Gordon Parks Foundation

Signing Officer

Name
Thomas a Conway
Title
CFO
Phone
9142382619
Signed
2025-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter W Kunhardt Jr
Formed
2002
Legal Domicile
Ny
Voting Board Members
12
Independent Board Members
9
Employees
5
Volunteers
0

Preparer

Firm
Prager Metis Cpas LLC
Address
14 PENN PLAZA SUITE 1800, NEW YORK, NY 10122
Preparer
Harold B Peterson
Phone
2126430099
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“There were no changes to the committee charged with oversight in 2024.”

Financial Statement Notes

SCHEDULE D, PART III, LINE 1A:

“The foundation permanently preserves the work of gordon parks, makes it available to the public through exhibitions, books and electronic media, and supports artistic and educational activities that advance what parks described as "the common search for a better life and a better world ." the foundation's exhibition space presents exhibitions on gordon parks and other artists working within the themes of social justice, as part of the foundation's commitment to educating the public. The foundation now focuses its efforts primarily on gordon parks and expanding the foundation's initiatives to include projects that explore the dimensions of gordon parks' creative output. The foundation will provide increased access to the gordon parks collection by developing community based programs in pleasantville, new york and will continue to work with museums and galleries to mount exhibitions and with its publishing partner to produce quality publications.”

SCHEDULE D, PART III, LINE 4:

“The foundation's collection includes photographs and negatives of gordon parks. The foundation's exempt purpose includes preserving and maintaining these collections as well as using the collections to promote educational and learning opportunities.”

Schedule D, Part V, Line 4 - Endowment Funds

“The endowment funds will be invested in low-fee index funds and will be used to support the foundation's mission.”

Schedule D, Part XII, Line 2D - Other Adjustments

“Book to tax depreciation adjustment - $3,292”

Raw XML AppendixShowing 400 of 689 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.

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IRS990/Form990PartVIISectionAGrp/PersonNm1PETER W KUNHARDT
IRS990/Form990PartVIISectionAGrp/PersonNm2PETER W KUNHARDT JR
IRS990/Form990PartVIISectionAGrp/PersonNm3DIANA REVSON
IRS990/Form990PartVIISectionAGrp/PersonNm4ALEXANDER SOROS
IRS990/Form990PartVIISectionAGrp/PersonNm5MARIO SPROUSE
IRS990/Form990PartVIISectionAGrp/PersonNm6DEBORAH WILLIS PHD
IRS990/Form990PartVIISectionAGrp/PersonNm7JACKIE GLOVER
IRS990/Form990PartVIISectionAGrp/PersonNm8WILLIAM JELANI COBB
IRS990/Form990PartVIISectionAGrp/PersonNm9LAURA BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm10NINA FREEDMAN
IRS990/Form990PartVIISectionAGrp/PersonNm11PHILIP B KUNHARDT III
IRS990/Form990PartVIISectionAGrp/PersonNm12THOMAS A CONWAY
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IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12CHIEF FINANCIAL OFFICER
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IRS990/MissionDesc0THE FOUNDATION PERMANENTLY PRESERVES THE WORK OF GORDON PARKS, MAKES IT AVAILABLE TO THE PUBLIC THROUGH EXHIBITIONS, BOOKS AND ELECTRONIC MEDIA, AND SUPPORTS ARTISTIC AND EDUCATIONAL ACTIVITIES THAT ADVANCE WHAT PARKS DESCRIBED AS "THE COMMON SEARCH FOR A BETTER LIFE AND A BETTER WORLD ." THE FOUNDATION'S EXHIBITION SPACE PRESENTS EXHIBITIONS ON GORDON PARKS AND OTHER ARTISTS WORKING WITHIN THE THEMES OF SOCIAL JUSTICE, AS PART OF THE FOUNDATION'S COMMITMENT TO EDUCATING THE PUBLIC.
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE FOUNDATION PROVIDES SCHOLARSHIP GRANTS TO STUDENTS FROM PARTNER INSTITUTIONS AND FELLOWSHIP GRANTS TO PROMISING PHOTOGRAPHERS, FILMMAKERS, VISUAL ARTISTS, WRITERS AND MUSICIANS WORKING WITHIN THE THEMES OF SOCIAL JUSTICE.
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