Form 990 for tax year 2023

Totals

Total revenue

$381,101

Total expenses

$429,722

Contributions and grants received

$350,881

Grants paid

$0

Program service revenue

$30,220

Investment income

$0

Other revenue

$0

Total assets, end of year

$452,450

Total liabilities, end of year

$20,841

Net assets or fund balances, end of year

$431,609

Program services expenses (Part IX)

$241,543

Management and general expenses

$63,692

Fundraising expenses

$124,487

Program service expenses (Part III)

$241,543

Program services were 56.2% 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.

Mission and programs · 2023

• 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 $20,898 · Revenue $6,668

• 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 2023, 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 $24,253 · Revenue $15,749

• 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 2023, SUCH PROGRAMS INCLUDED "DISCOVERING", A MONTHLY PROGRAM WELCOMING THE PUBLIC TO VIEW ART EXHIBITIONS AND LEARN AND EXPERIENCE THE FEATURED ARTISTIC PRACTICE.

  Revenue $7,803

• Expenses $196,392

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

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

2023

Filed

14 November 2024

IRS schema version

2023v5.1

Source object

202413199349318921

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