Totals
- Total revenue
- $2,052,994
- Total expenses
- $1,534,083
- Contributions and grants received
- $1,059,204
- Grants paid
- $491,567
- Program service revenue
- $0
- Investment income
- $891,720
- Other revenue
- $102,070
- Total assets, end of year
- $23,842,233
- Total liabilities, end of year
- $1,055,048
- Net assets or fund balances, end of year
- $22,787,185
- Program services expenses (Part IX)
- $807,888
- Management and general expenses
- $293,233
- Fundraising expenses
- $432,962
- Program service expenses (Part III)
- $807,888
Program services were 52.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$553,280
-
1e · Government grants (contributions)
$85,352
-
1f · All other contributions, gifts and grants
$420,572
-
3 · Investment income
total $291,517 · excluded $291,517
-
5 · Royalties
total $295,000 · excluded $295,000
-
7a · Gross sales of assets other than inventory
securities $3,295,690
-
7b · Less cost or other basis and sales expenses
securities $2,695,487
-
7c · Gain or loss
securities $600,203
-
7d · Net gain or loss
total $600,203 · excluded $600,203
-
8a · Fundraising events: gross income
$40,300
-
8a · Fundraising events: contributions included on line 1c
$553,280
-
8b · Fundraising events: direct expenses
$234,101
-
8c · Net income from fundraising events
total -$193,801 · excluded -$193,801
-
11a · Other revenue: MISCELLANEOUS
total $871 · related or exempt $871
-
11e · Other revenue, total
$871
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $86,656 · program services $86,656
-
2 · Grants to domestic individuals
total $404,911 · program services $404,911
-
5 · Compensation of officers, directors and key employees
total $97,004 · program services $28,182 · management and general $44,163 · fundraising $24,659
-
7 · Other salaries and wages
total $362,248 · program services $119,623 · management and general $31,084 · fundraising $211,541
-
8 · Pension plan contributions
total $3,819 · program services $562 · management and general $609 · fundraising $2,648
-
9 · Other employee benefits
total $45,495 · program services $11,488 · management and general $8,965 · fundraising $25,042
-
10 · Payroll taxes
total $54,846 · program services $13,848 · management and general $10,809 · fundraising $30,189
-
11f · Fees: investment management
total $34,157 · management and general $34,157
-
11g · Fees: other
total $79,552 · program services $18,346 · management and general $61,206
-
12 · Advertising and promotion
total $2,819 · fundraising $2,819
-
13 · Office expenses
total $38,709 · program services $24,134 · management and general $7,028 · fundraising $7,547
-
16 · Occupancy
total $92,291 · program services $32,302 · management and general $59,989
-
17 · Travel
total $127,702 · program services $40,330 · management and general $3,673 · fundraising $83,699
-
22 · Depreciation, depletion and amortization
total $460 · program services $138 · management and general $230 · fundraising $92
-
23 · Insurance
total $20,498 · program services $5,541 · management and general $14,957
-
24a · Other expenses: EQUIP. RENTAL & MAINT.
total $48,223 · program services $21,827 · management and general $13,111 · fundraising $13,285
-
24b · Other expenses: INDIRECT FUNDRASING EXP
total $31,441 · fundraising $31,441
-
24c · Other expenses: MISCELLANEOUS
total $3,252 · management and general $3,252
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $378,889 · end of year $526
-
2 · Savings and temporary cash investments
beginning of year $1,140,196 · end of year $1,486,429
-
3 · Pledges and grants receivable
beginning of year $45,000 · end of year $591,338
-
4 · Accounts receivable
beginning of year $93,889 · end of year $315,385
-
10a · Land, buildings and equipment: cost or other basis
$13,834
-
10b · Land, buildings and equipment: accumulated depreciation
$13,834
-
10c · Land, buildings and equipment, net
beginning of year $460 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $15,963,411 · end of year $11,201,956
-
12 · Investments: other securities
beginning of year $6,895,196 · end of year $3,073,273
-
13 · Investments: program-related
end of year $4,500,000
-
15 · Other assets
beginning of year $838,614 · end of year $2,673,326
-
17 · Accounts payable and accrued expenses
beginning of year $111,557 · end of year $265,134
-
18 · Grants payable
beginning of year $167,642 · end of year $140,705
-
25 · Other liabilities
beginning of year $0 · end of year $649,209
-
27 · Net assets without donor restrictions
beginning of year $23,649,182 · end of year $21,040,975
-
28 · Net assets with donor restrictions
beginning of year $1,427,274 · end of year $1,746,210
Mission and programs · 2022
Mission
NATIONAL IN SCOPE, THE PRINCESS GRACE FOUNDATION-USA IS DEDICATED TO IDENTIFYING AND ASSISTING EMERGING TALENT IN THEATER, DANCE, AND FILM BY AWARDING GRANTS IN THE FORM OF SCHOLARSHIPS, APPRENTICESHIPS, AND FELLOWSHIPS. THE FOUNDATION'S TRUSTEES SHARE PRINCESS GRACE'S DEDICATION TO SUPPORTING THE ARTS AND THEY BELIEVE, AS PRINCESS GRACE DID, THAT CULTIVATION AND TRAINING OF EMERGING TALENT IS ESSENTIAL TO ENSURE SUSTAINED EXCELLENCE IN THE ARTS. EACH YEAR, THE FOUNDATION ANNOUNCES A SELECT GROUP OF PRINCESS GRACE AWARDS FOR DISTINCTION IN THE AREAS OF THEATER, DANCE, AND FILM. STUDENTS ARE ELIGIBLE FOR SCHOLARSHIPS; EMERGING ARTISTS WORKING IN COMPANIES QUALIFY FOR APPRENTICESHIPS AND FELLOWSHIPS. A PLAYWRITING FELLOWSHIP IS AVAILABLE FOR INDIVIDUAL ARTISTS THROUGH A RESIDENCY AT NEW DRAMATISTS IN NEW YORK CITY.
Activities or mission (Part I)
NATIONAL IN SCOPE, THE PRINCESS GRACE FOUNDATION-USA IS DEDICATED TO IDENTIFYING AND ASSISTING EMERGING TALENT IN THEATER, DANCE, AND FILM BY AWARDING GRANTS IN THE FORM OF SCHOLARSHIPS, APPRENTICESHIPS, AND FELLOWSHIPS. THE FOUNDATION'S TRUSTEES SHARE PRINCESS GRACE'S DEDICATION TO SUPPORTING THE ARTS AND THEY BELIEVE, AS SHE DID, THAT CULTIVATION AND TRAINING OF EMERGING TALENT IS ESSENTIAL TO ENSURE SUSTAINED EXCELLENCE IN THE ARTS. EACH YEAR, THE FOUNDATION ANNOUNCES A SELECT GROUP OF PRINCESS GRACE AWARDS FOR DISTINCTION IN THE AREAS OF THEATER, DANCE, AND FILM. STUDENTS ARE ELIGIBLE FOR SCHOLARSHIPS; EMERGING ARTISTS WORKING IN COMPANIES QUALIFY FOR APPRENTICESHIPS AND FELLOWSHIPS. A PLAYWRITING FELLOWSHIP IS AVAILABLE FOR INDIVIDUAL ARTISTS THROUGH A RESIDENCY AT NEW DRAMATISTS IN NEW YORK CITY.
-
NATIONAL IN SCOPE, THE PRINCESS GRACE FOUNDATION IS DEDICATED TO IDENTIFYING AND ASSISTING EMERGING TALENT IN THEATER, DANCE, AND FILM BY AWARDING GRANTS IN THE FORM OF SCHOLARSHIPS, APPRENTICESHIPS, AND FELLOWSHIPS. THE FOUNDATION'S TRUSTEES SHARE PRINCESS GRACE'S DEDICATION TO SUPPORTING THE ARTS AND THEY BELIEVE, AS SHE DID, THAT CULTIVATION AND TRAINING OF EMERGING TALENT IS ESSENTIAL TO ENSURE SUSTAINED EXCELLENCE IN THE ARTS. EACH YEAR, THE FOUNDATION ANNOUNCES A SELECT GROUP OF PRINCESS GRACE AWARDS FOR DISTINCTION IN THE AREAS OF THEATER, DANCE, AND FILM. STUDENTS ARE ELIGIBLE FOR SCHOLARSHIPS; EMERGING ARTISTS WORKING IN COMPANIES QUALIFY FOR APPRENTICESHIPS AND FELLOWSHIPS. A PLAYWRIGHTING FELLOWSHIP IS AVAILABLE FOR INDIVIDUAL ARTISTS THROUGH A RESIDENCY AT NEW DRAMATISTS IN NEW YORK CITY.
Expenses $807,888 · Grants $491,567 · Revenue $871
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Rod GancasROD GANCAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Richard KirshenbaumRICHARD KIRSHENBAUM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Raymond P CaldieroRAYMOND P CALDIERO
DIRECTOR (OUTGOING)
- Total calculated
- $0
- Hours/week
- 1
-
Rachel HovnanianRACHEL HOVNANIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Leslie Odom JrLESLIE ODOM JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Norman E DonoghueNORMAN E DONOGHUE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Noelle WolfNOELLE WOLF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Sandra Van EsscheSANDRA VAN ESSCHE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael Wj SmurfitMICHAEL WJ SMURFIT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Melia BensussenMELIA BENSUSSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Mary Wells LawrenceMARY WELLS LAWRENCE
DIRECTOR (OUTGOING)
- Total calculated
- $0
- Hours/week
- 1
-
Lynn WyattLYNN WYATT
DIRECTOR (OUTGOING)
- Total calculated
- $0
- Hours/week
- 1
-
Robert O MarxROBERT O MARX
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 3 + 1 related
-
Anne Hearst McInerneyANNE HEARST MCINERNEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Karl LagerfieldKARL LAGERFIELD
DIRECTOR (OUTGOING)
- Total calculated
- $0
- Hours/week
- 1
-
Jon B Turk MDJON B TURK MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Anton KatzANTON KATZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 0.5 related
-
Barbara Grant JaynesBARBARA GRANT JAYNES
DIRECTOR (OUTGOING)
- Total calculated
- $0
- Hours/week
- 1
-
Barbara LehmanBARBARA LEHMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
D Christopher Le VineD CHRISTOPHER LE VINE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
George Hauptfuhrer IIIGEORGE HAUPTFUHRER III
DIRECTOR (OUTGOING)
- Total calculated
- $0
- Hours/week
- 2
-
Gerard CohenGERARD COHEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Hon John F LehmanHON JOHN F LEHMAN
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 3 + 2 related
-
Hrh The Princess Of HanoverHRH THE PRINCESS OF HANOVER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Hsh Prince Albert II Of MonacoHSH PRINCE ALBERT II OF MONACO
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.5
-
Hsh Princess Charlene Of MonacoHSH PRINCESS CHARLENE OF MONACO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Hsh Princess Stephanie Of MonaclHSH PRINCESS STEPHANIE OF MONACL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
James J JohnsonJAMES J JOHNSON
DIRECTOR (OUTGOING)
- Total calculated
- $0
- Hours/week
- 1
-
John GoreJOHN GORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
John M ChuJOHN M CHU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
John PaulsonJOHN PAULSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Serena D LeseSERENA D LESE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Yves G PiagetYVES G PIAGET
DIRECTOR (OUTGOING)
- Total calculated
- $0
- Hours/week
- 1
-
Nicole DibonaNICOLE DIBONA
ACCOUNTING MANAGER (OUTGOING)
- Total calculated
- $30,909
- From this org
- $30,909
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Brisa CharletonBRISA CHARLETON
CEO
- Total calculated
- $256,721
- From this org
- $254,000
- From related orgs
- $0
- Other
- $2,721
- Hours/week
- 15 + 30 related
Schedule J breakdown matched by us
- Base
- $254,000
- Bonus
- $0
- Other
- $0
- Deferred
- $2,721
- Nontaxable benefits
- $0
- Filer's total
- $256,721
-
Katherine EpsteinKATHERINE EPSTEIN
ACCOUNTING MANAGER
- Total calculated
- $5,320
- From this org
- $5,320
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$62,000
TO FUTHER THE ORGANIZATION'S EXEMPT PURPOSE
-
EDUCATIONAL THEATRE FOUNDATION
$18,750
TO FUTHER THE ORGANIZATION'S EXEMPT PURPOSE
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
GRACE DE MONACO
C · LUXURY WHOLESALE & RETAIL · DE · 100% owned · share of income -$245,863 · share of assets -$1,124,308 · controlled entity
Directly controlled by PRINCESS GRACE FOUNDATION
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323199349330172
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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