Totals
- Total revenue
- $401,991
- Total expenses
- $447,494
- Contributions and grants received
- $396,986
- Grants paid
- $0
- Program service revenue
- $5,005
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $427,574
- Total liabilities, end of year
- $41,469
- Net assets or fund balances, end of year
- $386,105
- Program services expenses (Part IX)
- $216,121
- Management and general expenses
- $121,775
- Fundraising expenses
- $109,598
- Program service expenses (Part III)
- $216,121
Program services were 48.3% 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.
-
1e · Government grants (contributions)
$36,625
-
1f · All other contributions, gifts and grants
$360,361
-
2a · Program service revenue: RESIDENCIES
total $2,405 · related or exempt $2,405
-
2b · Program service revenue: EXHIBITIONS
total $2,300 · related or exempt $2,300
-
2c · Program service revenue: PROGRAMS
total $300 · related or exempt $300
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $114,577 · program services $57,289 · management and general $22,915 · fundraising $34,373
-
7 · Other salaries and wages
total $152,463 · program services $76,231 · management and general $30,493 · fundraising $45,739
-
8 · Pension plan contributions
total $10,461 · program services $5,231 · management and general $2,092 · fundraising $3,138
-
9 · Other employee benefits
total $26,465 · program services $13,232 · management and general $5,293 · fundraising $7,940
-
10 · Payroll taxes
total $24,817 · program services $12,409 · management and general $4,963 · fundraising $7,445
-
11b · Fees: legal
total $37,124 · program services $21,074 · management and general $16,050
-
11c · Fees: accounting
total $15,000 · management and general $15,000
-
11g · Fees: other
total $3,535 · program services $1,767 · management and general $707 · fundraising $1,061
-
12 · Advertising and promotion
total $1,672 · fundraising $1,672
-
13 · Office expenses
total $7,633 · program services $3,816 · management and general $1,527 · fundraising $2,290
-
14 · Information technology
total $5,858 · program services $2,929 · management and general $1,172 · fundraising $1,757
-
16 · Occupancy
total $22,298 · program services $3,705 · management and general $18,593
-
17 · Travel
total $11,362 · program services $5,681 · management and general $2,272 · fundraising $3,409
-
23 · Insurance
total $2,581 · program services $1,291 · management and general $516 · fundraising $774
-
24a · Other expenses: SUPPLIES & MATERIALS
total $11,466 · program services $11,466
-
24b · Other expenses: REPAIRS AND MAINTENANCE
total $182 · management and general $182
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $44,167 · end of year $18,803
-
15 · Other assets
beginning of year $408,283 · end of year $408,771
-
17 · Accounts payable and accrued expenses
beginning of year $20,841 · end of year $41,469
-
27 · Net assets without donor restrictions
beginning of year $431,609 · end of year $386,105
Mission and programs · 2024
Mission
THE FOUNDATION'S MISSION IS TO EXPAND THE REACH AND QUALITY OF ART AVAILABLE TO THE PUBLIC THROUGH RESIDENCES, EXHIBITIONS, AND EDUCATIONAL PROGRAMS THAT ADDRESS URGENT AND ONGOING COMMUNITY NEEDS PARTICULARLY AS THOSE NEEDS EVOLVE AND CHANGE.
Activities or mission (Part I)
SEE SCHEDULE O
-
RESIDENCIES - IN PARTNERSHIP WITH ARTS INSTITUTIONS, THE FOUNDATION SUPPORTS RESIDENCY PROGRAMS IN URBAN AREAS THAT OFFER STUDIO SPACE, ALONG WITH MENTORING AND EDUCATIONAL SUPPORT, TO ARTISTS ENGAGED IN VARIOUS MEDIUMS.
Expenses $18,575 · Revenue $2,405
-
EXHIBITIONS - THE FOUNDATION PRODUCES ORIGINAL EXHIBITIONS BY INDEPENDENT CURATORS. FOCUSING ON URGENT THEMES DRAWN FROM CURRENT GLOBAL CULTURE, THESE AMBITIOUS DISPLAYS JUXTAPOSE WORKS BY EMERGING AND ESTABLISHED ARTISTS IN AN ATMOSPHERE OF PHILOSOPHICAL, TECHNOLOGICAL, AND AESTHETIC EXPERIMENTATION. THE FOUNDATION IS ALSO DEDICATED TO MOUNTING COMPREHENSIVE EXHIBITIONS OF WORK BY INFLUENTIAL ARTISTS FROM AROUND THE WORLD, WORKING WITH THE COMMUNITY, AND WITH OTHER COLLECTIONS AND FOUNDATIONS, TO SHARE THEIR IMPACT AND PRESERVE THEIR LEGACIES. IN 2024, SUCH EXHIBITIONS INCLUDED "JONAS MEKAS, OPEN ARCHIVES", WHICH PRESENTED PERSONAL ARTIFACTS, ITEMS AND MEMORABILIA OF THE LATE JONAS MEKAS, A PIONEER IN DIARISTIC CINEMA, TO THE PUBLIC FOR THE FIRST TIME TO DEMONSTRATE THE CONTINUING RELEVANCY OF THE ARTIST STUDIO PRACTICE.
Expenses $12,598 · Revenue $2,300
-
PROGRAMS - THE FOUNDATION PARTNERS WITH GLOBAL ARTS ORGANIZATIONS TO PROVIDE HIGH-QUALITY EDUCATIONAL PROGRAMS AND EVENTS FOR ALL AGES, INCLUDING MUSIC AND DANCE PERFORMANCES, FILM SCREENINGS, POETRY READINGS, AND PANEL DISCUSSIONS ON ART AND POLITICS. IN 2024, SUCH PROGRAMS INCLUDED "DISCOVERING", A MONTHLY PROGRAM WELCOMING THE PUBLIC TO VIEW ART EXHIBITIONS AND LEARN AND EXPERIENCE THE FEATURED ARTISTIC PRACTICE.
Expenses $15,884 · Revenue $300
-
Expenses $169,064
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Phong BuiPHONG BUI
DIRECTOR/CO-CHAIR
- Total calculated
- $0
- Hours/week
- 10
-
Gary KratGARY KRAT
DIRECTOR/TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Judd GrossmanJUDD GROSSMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Brite KleemannBRITE KLEEMANN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Shirin NoshedSHIRIN NOSHED
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ysabel Pinyol BlasiYSABEL PINYOL BLASI
DIRECTOR/PRESIDENT/EXEC. D
- Total calculated
- $114,577
- From this org
- $114,577
- 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.
Schedule J
Answered yes
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523179349304642
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