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FOUNDATION FOR ARTS INITIATIVES

EIN 98-6000319 NEW YORK, NY

Browse the largest nonprofits in New York

Revenue 2024
$2,298,123
Expenses 2024
$1,703,329

As filed

Subsection
03
NTEE code
T20
Classification
1200
Street
375 GREENWICH ST

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

1 other organization in the IRS Business Master File lists the same street address. matched by us

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Vasif Kortun

    CHAIRPERSON, TREASURER & BOARD MEMBER

    Total calculated
    $15,000
    Compensation
    $15,000
    Benefit plans
    $0
    Expense account
    $0
    Hours/week
    20
  • Manuel J Borja-Villel

    BOARD MEMBER

    Total calculated
    $10,000
    Compensation
    $10,000
    Benefit plans
    $0
    Expense account
    $0
    Hours/week
    5
  • Zoe Butt

    BOARD MEMBER

    Total calculated
    $10,000
    Compensation
    $10,000
    Benefit plans
    $0
    Expense account
    $0
    Hours/week
    5
  • Frederick B Henry

    BOARD MEMBER

    Total calculated
    $10,000
    Compensation
    $10,000
    Benefit plans
    $0
    Expense account
    $0
    Hours/week
    5
  • Koyo Kouoh

    BOARD MEMBER (THROUGH MAY 10,2025)

    Total calculated
    $0
    Hours/week
    5
  • Maria Lind

    BOARD MEMBER

    Total calculated
    $10,000
    Compensation
    $10,000
    Benefit plans
    $0
    Expense account
    $0
    Hours/week
    5
  • Alessandro Petti

    BOARD MEMBER

    Total calculated
    $10,000
    Compensation
    $10,000
    Benefit plans
    $0
    Expense account
    $0
    Hours/week
    5
  • Ann Philbin

    BOARD MEMBER

    Total calculated
    $10,000
    Compensation
    $10,000
    Benefit plans
    $0
    Expense account
    $0
    Hours/week
    5
  • Sabina Sabolovic

    BOARD MEMBER

    Total calculated
    $10,000
    Compensation
    $10,000
    Benefit plans
    $0
    Expense account
    $0
    Hours/week
    5
  • William Wells

    BOARD MEMBER

    Total calculated
    $10,000
    Compensation
    $10,000
    Benefit plans
    $0
    Expense account
    $0
    Hours/week
    5
  • Joan Weakley

    SECRETARY

    Total calculated
    $138,000
    Compensation
    $138,000
    Benefit plans
    $0
    Expense account
    $0
    Hours/week
    50

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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $2,298,123
    Expenses
    $1,703,329
    Contributions
    not reported
    Grants paid
    $1,030,000
  • 2023
    Revenue
    $1,050,934
    Expenses
    $1,916,969
    Contributions
    not reported
    Grants paid
    $1,203,500
  • 2022
    Revenue
    -$550,507
    Expenses
    $1,954,321
    Contributions
    not reported
    Grants paid
    $1,273,500

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990-PF

    Revenue
    $16,183,430
    Expenses
    $2,215,074
    Assets (EOY)
    $29,575,352
  • 2020 · 990-PF

    Revenue
    $2,157,394
    Expenses
    $1,851,064
    Assets (EOY)
    $37,377,202
  • 2019 · 990-PF

    Revenue
    $2,993,023
    Expenses
    $2,257,470
    Assets (EOY)
    $33,005,984

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PF.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 9 November 2026 and read 9 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.