Civic Intelligence

Aesthetic Realism Foundation Inc

EIN 51-0179690 • 501(c)3 • New York, NY

Profile

The purpose of this foundation is to teach aesthetic realism, the philosophy founded in 1941 by eli siegel, american poet, critic, and educator; knowledge that explains the relation of life and art, and meets the urgent need for people throughout america and the world to see each other and reality fairly.

141 Greene StreetNew York, NY 10012

aestheticrealism.org

Siviq Scores

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

Liabilities / Assets

29th percentile

0.01x

Higher debt load relative to assets than 29% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

43rd percentile

0.05x

Higher debt load relative to revenue than 43% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

18th percentile

-14%

Higher net margin than 18% of similar nonprofits.

501(c)3 • $1M-$5M 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

23rd percentile

-4.7%

Faster asset growth than 23% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2024

Revenue Growth

25th percentile

-6.7%

Faster revenue growth than 25% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2024

Assets

Down

$3,693,895

Down $142,263 (-3.7%) from 2023

Liabilities

Up

$21,769

Up $786 (+3.7%) from 2023

Net Assets

Down

$3,672,126

Down $143,049 (-3.7%) from 2023

Revenue

Down

$431,804

Down $32,152 (-6.9%) from 2023

Expenses

Up

$493,361

Up $17,968 (+3.8%) from 2023

Net Income

Down

-$61,557

Down $50,120 (-438%) from 2023

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $2,523,148Liabilities 2010: $22,231Net Assets 2010: $2,500,9172010Assets 2011: $2,608,984Liabilities 2011: $21,885Net Assets 2011: $2,587,0992011Assets 2012: $2,860,314Liabilities 2012: $15,881Net Assets 2012: $2,844,4332012Assets 2013: $2,738,910Liabilities 2013: $25,696Net Assets 2013: $2,713,2142013Assets 2014: $3,162,481Liabilities 2014: $37,642Net Assets 2014: $3,124,8392014Assets 2015: $3,185,118Liabilities 2015: $29,908Net Assets 2015: $3,155,2102015Assets 2016: $3,323,403Liabilities 2016: $26,560Net Assets 2016: $3,296,8432016Assets 2017: $3,438,757Liabilities 2017: $32,909Net Assets 2017: $3,405,8482017Assets 2018: $3,913,717Liabilities 2018: $14,559Net Assets 2018: $3,899,1582018Assets 2019: $3,991,304Liabilities 2019: $9,959Net Assets 2019: $3,981,3452019Assets 2020: $4,117,921Liabilities 2020: $25,994Net Assets 2020: $4,091,9272020Assets 2021: $4,270,494Liabilities 2021: $26,112Net Assets 2021: $4,244,3822021Assets 2022: $3,781,613Liabilities 2022: $17,049Net Assets 2022: $3,764,5642022Assets 2023: $3,836,158Liabilities 2023: $20,983Net Assets 2023: $3,815,1752023Assets 2024: $3,693,895Liabilities 2024: $21,769Net Assets 2024: $3,672,1262024

Highlighted filing

2024

Assets$3,693,895
Liabilities$21,769
Net Assets$3,672,126

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $475,1162010Expenses 2011: $420,9932011Expenses 2012: $421,9642012Revenue 2013: $534,211Expenses 2013: $478,498Net Income 2013: $55,7132013Revenue 2014: $706,349Expenses 2014: $483,058Net Income 2014: $223,2912014Revenue 2015: $575,797Expenses 2015: $471,648Net Income 2015: $104,1492015Revenue 2016: $583,441Expenses 2016: $447,503Net Income 2016: $135,9382016Revenue 2017: $520,969Expenses 2017: $449,321Net Income 2017: $71,6482017Revenue 2018: $610,419Expenses 2018: $445,826Net Income 2018: $164,5932018Revenue 2019: $508,643Expenses 2019: $468,427Net Income 2019: $40,2162019Revenue 2020: $533,656Expenses 2020: $421,394Net Income 2020: $112,2622020Revenue 2021: $532,135Expenses 2021: $424,199Net Income 2021: $107,9362021Revenue 2022: $454,265Expenses 2022: $427,663Net Income 2022: $26,6022022Revenue 2023: $463,956Expenses 2023: $475,393Net Income 2023: -$11,4372023Revenue 2024: $431,804Expenses 2024: $493,361Net Income 2024: -$61,5572024

Highlighted filing

2024

Revenue$431,804
Expenses$493,361
Net Income-$61,557

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.69$0.02$3.67$0.43$0.49$0.06
2023Detailed filing. Detailed filing data is available for this year.$3.84$0.02$3.82$0.46$0.48$0.01
2022Detailed filing. Detailed filing data is available for this year.$3.78$0.02$3.76$0.45$0.43$0.03
2021Detailed filing. Detailed filing data is available for this year.$4.27$0.03$4.24$0.53$0.42$0.11
2020Detailed filing. Detailed filing data is available for this year.$4.12$0.03$4.09$0.53$0.42$0.11
2019Detailed filing. Detailed filing data is available for this year.$3.99$0.01$3.98$0.51$0.47$0.04
2018Detailed filing. Detailed filing data is available for this year.$3.91$0.01$3.90$0.61$0.45$0.16
2017Detailed filing. Detailed filing data is available for this year.$3.44$0.03$3.41$0.52$0.45$0.07
2016Detailed filing. Detailed filing data is available for this year.$3.32$0.03$3.30$0.58$0.45$0.14
2015Detailed filing. Detailed filing data is available for this year.$3.19$0.03$3.16$0.58$0.47$0.10
2014Detailed filing. Detailed filing data is available for this year.$3.16$0.04$3.12$0.71$0.48$0.22
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.74$0.03$2.71$0.53$0.48$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.86$0.02$2.84$0.42
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.61$0.02$2.59$0.42
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.52$0.02$2.50$0.48
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.1
Gross Receipts
$469,838
Mission and Program Overview

Mission

The purpose of this foundation is to teach aesthetic realism, the philosophy founded in 1941 by eli siegel, american poet, critic, and educator; knowledge that explains the relation of life and art, and meets the urgent need for people throughout america and the world to see each other and reality fairly.

To teach aesthetic realism, founded by eli siegel, which explains the relation of life and art, and meets the need of people everywhere to see reality fairly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,168,293$2,039,164▼ $129,129
Land, Buildings, and Equipment, Net$1,204,503$1,159,985▼ $44,518
Accounts Receivable$308,309$295,118▼ $13,191
Savings and Temporary Cash Investments$59,876$110,392▲ $50,516
Cash and Non-Interest-Bearing Accounts$35,508$29,227▼ $6,281
Prepaid Expenses and Deferred Charges-$1,986-
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$3,836,158$3,693,895▼ $142,263
Other Assets Total$59,669$58,023▼ $1,646
Liabilities
Accounts Payable and Accrued Expenses$20,983$21,769▲ $786
Other Liabilities$0$0→ $0
Total Liabilities$20,983$21,769▲ $786
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,815,175$3,672,126▼ $143,049
Total Net Assets Fund Balance$3,815,175$3,672,126▼ $143,049
Total Liabilities and Net Assets / Fund Balance$3,836,158$3,693,895▼ $142,263

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,113,363$497,402$1,610,765
Equipment$16,622$250,391$267,013
Other Land Buildings$0$55,951$55,951
Land$30,000-$30,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Barbara AllenAdministrative OfficerFT$42,697$42,697
Carrie WilsonDirectorPT$35,313$35,313
Ernest DefilippisAdministrative OfficerPT$34,549$34,549
Jeffrey CardunerDirectorPT$146$146

Board Members and Trustees

NameTitle
Anthony RomeoDirector
Ellen ReissDirector
Joseph SpetlyDirector
Margot CarpenterExecutive Director
Jamie TorresSecretary
Robert MurphyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$189,689
Program Service Revenue
$133,960
Investment Income
$107,525
Other Revenue
$630
All Other Contributions
$129,689
Change in Net Assets
$-61,557
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$361,051
Other Expenses$132,310
Total Fundraising Expense$24,736
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$142,323$55,072$16,310$213,705
Current Officers, Directors, Trustees, and Key Employees$112,559--$112,559
Depreciation Depletion$39,232$8,475$2,510$50,217
Payroll Taxes$21,298$4,197$1,982$27,477
Insurance$16,533$3,573$1,058$21,164
Office Expenses$15,188$2,298$732$18,218
Occupancy$13,841$2,991$885$17,717
Advertising$8,681$2,643$588$11,912
Fees for Services Accounting-$10,214-$10,214
Other Employee Benefits$5,666$1,117$527$7,310
Fees for Services Other$1,634$353$105$2,092
Other Expenses$605$132$39$776
Total Functional Expenses$377,560$91,065$24,736$493,361
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal Income Taxes-
Contract Liability-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2 Family/business relationships amongst interested persons

Margot Carpenter. Robert Murphy - Family relationship

Form 990, Part VI, Line 11B Review of form 990 by governing body

The finance and budget committee, executive director, and the foundation's accountant reviewed the form 990 after it was prepared. Questions and clarifications were reviewed with outside accountants. Upon approval from the finance and budget committee, every board member was given a copy of the form 990 for review. Once the review was completed by each board member, a meeting was held, conducted by the treasurer, robert murphy. Each page was reviewed for questions, clarifications, and comments. Once the process was completed and all board members signed off on the form 990, it was filed with the irs electronically.

Form 990, Part VI, Line 12C Conflict of interest policy

Prior to election to the board or as an officer, and annually thereafter, all directors and officers shall disclose in writing, to the best of their knowledge, any interest in any corporation or other organization which provides goods or professional or other services to the foundation for a fee or other compensation. If at any time during his or her term of service a director or officer has any interest which may pose a conflict of interest at any time during that director's or officer's service, he or she shall promptly disclose the material facts of that interest in writing to the finance and budget committee of the board. When any matter in which a director or officer has an interest comes before the board or any committee of the board for decision or approval, that interest shall be immediately disclosed to the board or the committee by that director or officer. Definition of interest: whether a director or officer has an interest in a matter shall be determined by whether that director or officer or a relative (or a concern with which such persons are associated) would have a significant economic interest, either directly or indirectly, in a decision on the matter by the board or committee. A person is associated with a concern if he or she participates in (including participation as an owner) or is affiliated with any corporation or other organization with which the foundation deals. An interest is not intended to include positions on legislative matters of general impact. Voting: no director shall vote on any matter in which he or she has an interest. Non-participation: the board or members of a committee may, by majority vote, ask any director or officer who has an interest in a matter not to participate, or to leave the room at the board meeting or committee meeting in which discussion regarding that matter is carried on; provided, however, that the interested director or officer may participate in any discussion regarding his or her exclusion. Attempts to influence: directors and officers shall not attempt to influence other directors or officers regarding matters in which the first-mentioned directors/officers have an interest, without first disclosing that interest.

Form 990, Part VI, Line 19 Required documents available to the public

The aesthetic realism foundation's governing documents, conflict of interest policy and financial statements are available to the public upon request, with prior written notice.

Filing and Contact Details

Filer

Filer Name
Aesthetic Realism Foundation Inc
EIN
51-0179690
Phone
2127774490
Address
141 Greene Street, New York, NY 10012

Signing Officer

Name
Margot Carpenter
Title
Executive Director
Phone
2127774490
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Formed
1973
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
7
Employees
18
Volunteers
41

Preparer

Firm
Forvis Mazars LLP
Address
135 West 50th Street, New York, NY 10020
Preparer
Aaron Shapiro
Phone
2128127000
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D Description of other program services

(Expenses $ 103,677 including grants of $) PRESENTATIONS: PUBLIC SEMINARS AND DRAMATIC AND MUSICAL PRESENTATIONS, ALL BASED ON THE PRINCIPLES OF AESTHETIC REALISM. SEMINARS INCLUDE SUCH SUBJECTS AS LOVE, AMBITION, PARENTING; GROUNDBREAKING TALKS BY ARTISTS AND SCHOLARS ON THIS NEW WAY OF SEEING THE ARTS, PEOPLE, AND REALITY ITSELF. THE AESTHETIC REALISM THEATRE COMPANY OFFERS PIONEERING MUSICAL AND DRAMATIC PRODUCTIONS, FROM SHAKESPEARE TO ROCK 'N' ROLL, WITH PERFORMANCE AND COMMENT.

Form 990, Part III, Line 4D Description of other program services

(Expenses $ 37,722 including grants of $)(Revenue $ 1,012) OUTREACH PROGRAM: THE FOUNDATION'S OUTREACH PROGRAM INCLUDES WORKSHOPS FOR SENIORS; FOR CHILDREN AT SCHOOLS AND YOUTH CENTERS; DRAMATIC AND MUSICAL PERFORMANCES BY THE AESTHETIC REALISM THEATRE COMPANY; TALKS ON SUBJECTS FROM ANTHROPOLOGY TO JAZZ, ARCHITECTURE, AND THE ARTS, FOR PEOPLE OF ALL AGES. TOTAL ATTENDANCE: 1,112

Form 990, Part III, Line 4D Description of other program services

(Expenses $ 28,683 including grants of $) THE RIGHT OF AESTHETIC REALISM TO BE KNOWN (TRO): BIWEEKLY INTERNATIONAL PERIODICAL OF THE AESTHETIC REALISM FOUNDATION, PUBLISHED SINCE 1973. IT PRESENTS ESSAYS, POEMS, AND LECTURES BY ELI SIEGEL AND ARTICLES BY AESTHETIC REALISM TEACHERS AND ASSOCIATES. IN EVERY ISSUE THERE IS AN EDITORIAL COMMENTARY BY ELLEN REISS, CHAIR OF EDUCATION. TOTAL CIRCULATION: 116,934

Financial Statement Notes

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

Raw XML AppendixShowing 400 of 584 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/Desc0AESTHETIC REALISM COURSES AND CLASSES: AESTHETIC REALISM CLASSES AND SEMESTER COURSES, INCLUDING POETRY, ANTHROPOLOGY, MARRIAGE, MUSIC, THE VISUAL ARTS, EDUCATION, AND HISTORY. IN EACH CLASS STUDENTS SEE HOW THE SUBJECT, IN ALL ITS RICHNESS, IS A MAKING ONE OF THE OPPOSITES THAT ARE PRESENT IN ALL ART AND REALITY, AND THAT PEOPLE ARE TRYING TO PUT TOGETHER IN THEMSELVES. TOTAL ATTENDANCE: 1,969
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IRS990/Form990PartVIISectionAGrp/PersonNm6Carrie Wilson
IRS990/Form990PartVIISectionAGrp/PersonNm7Ellen Reiss
IRS990/Form990PartVIISectionAGrp/PersonNm8Jeffrey Carduner
IRS990/Form990PartVIISectionAGrp/PersonNm9Joseph Spetly
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IRS990/MissionDesc0THE PURPOSE OF THIS FOUNDATION IS TO TEACH AESTHETIC REALISM, THE PHILOSOPHY FOUNDED IN 1941 BY ELI SIEGEL, AMERICAN POET, CRITIC, AND EDUCATOR; KNOWLEDGE THAT EXPLAINS THE RELATION OF LIFE AND ART, AND MEETS THE NEED OF PEOPLE EVERYWHERE TO SEE REALITY FAIRLY.
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IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Margot Carpenter
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IRS990/ProgSrvcAccomActy2Grp/Desc0TERRAIN GALLERY: EXHIBITIONS OF CONTEMPORARY PAINTINGS, DRAWINGS, PRINTS, AND PHOTOGRAPHY BASED ON THE AESTHETIC REALISM PRINCIPLE: "ALL BEAUTY IS A MAKING ONE OF OPPOSITES, AND THE MAKING ONE OF OPPOSITES IS WHAT WE ARE GOING AFTER IN OURSELVES." TOTAL ATTENDANCE: 817
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IRS990/ProgSrvcAccomActy3Grp/Desc0AESTHETIC REALISM CONSULTATIONS: MEN AND WOMEN STUDY THE PRINCIPLES OF AESTHETIC REALISM WHICH SHOW THE RELATION OF THEIR INDIVIDUAL LIFE QUESTIONS TO THE ARTS AND THE WORLD THEY ARE IN, MAKING FOR GREATER KINDNESS AND SELF-RESPECT. EXPENSES INCLUDE SALARIES OF CONSULTANTS, PARTIAL SALARY OF A COORDINATOR, EQUIPMENT, MAINTENANCE, AND OFFICE SUPPLIES. TOTAL ATTENDANCE: 133.
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IRS990/ProgSrvcAccomActy3Grp/RevenueAmt06650
IRS990/ProgSrvcAccomActyOtherGrp/Desc0PRESENTATIONS: PUBLIC SEMINARS AND DRAMATIC AND MUSICAL PRESENTATIONS, ALL BASED ON THE PRINCIPLES OF AESTHETIC REALISM. SEMINARS INCLUDE SUCH SUBJECTS AS LOVE, AMBITION, PARENTING; GROUNDBREAKING TALKS BY ARTISTS AND SCHOLARS ON THIS NEW WAY OF SEEING THE ARTS, PEOPLE, AND REALITY ITSELF. THE AESTHETIC REALISM THEATRE COMPANY OFFERS PIONEERING MUSICAL AND DRAMATIC PRODUCTIONS, FROM SHAKESPEARE TO ROCK 'N' ROLL, WITH PERFORMANCE AND COMMENT.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1OUTREACH PROGRAM: THE FOUNDATION'S OUTREACH PROGRAM INCLUDES WORKSHOPS FOR SENIORS; FOR CHILDREN AT SCHOOLS AND YOUTH CENTERS; DRAMATIC AND MUSICAL PERFORMANCES BY THE AESTHETIC REALISM THEATRE COMPANY; TALKS ON SUBJECTS FROM ANTHROPOLOGY TO JAZZ, ARCHITECTURE, AND THE ARTS, FOR PEOPLE OF ALL AGES. TOTAL ATTENDANCE: 1,112
IRS990/ProgSrvcAccomActyOtherGrp/Desc2THE RIGHT OF AESTHETIC REALISM TO BE KNOWN (TRO): BIWEEKLY INTERNATIONAL PERIODICAL OF THE AESTHETIC REALISM FOUNDATION, PUBLISHED SINCE 1973. IT PRESENTS ESSAYS, POEMS, AND LECTURES BY ELI SIEGEL AND ARTICLES BY AESTHETIC REALISM TEACHERS AND ASSOCIATES. IN EVERY ISSUE THERE IS AN EDITORIAL COMMENTARY BY ELLEN REISS, CHAIR OF EDUCATION. TOTAL CIRCULATION: 116,934
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0DESCRIPTION - OTHER, COLUMN A - 1760.0, COLUMN B - 3261.0, COLUMN C - 4506.0, COLUMN D - 1978.0, COLUMN E - 630.0, COLUMN F - 12135.0;
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