New England Foundation For The Arts Inc
- Assets
- $37.1m
- Revenue
- $19.1m
- Investments
- $0.0
- Employees
- 30
- Location
- Boston, MA
- Founding
- 09/1976
- Data as of
- 05/2022
- EIN
- 04-2593591
Organization Overview
New England Foundation For The Arts Inc is located in Boston, MA. The organization was established in 1976. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 05/2022, New England Foundation For The Arts Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New England Foundation For The Arts Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2022, New England Foundation For The Arts Inc generated $19.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.2% each year . All expenses for the organization totaled $11.0m during the year ending 05/2022. While expenses have increased by 7.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, New England Foundation For The Arts Inc has awarded 1,531 individual grants totaling $34,190,509. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
NEFA INVESTS IN ARTISTS AND COMMUNITIES AND FOSTERS EQUITABLE ACCESS TO THE ARTS, ENRICHING THE CULTURAL LANDSCAPE IN NEW ENGLAND AND THE NATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NATIONAL DANCE PROJECT (NDP) - PROVIDES SUPPORT FOR THE CREATION AND TOURING OF DANCE WORK THROUGH GRANTS TO DANCE ARTISTS AND PRESENTERS; FOSTERS COMMUNITY ENGAGEMENT AND INTERNATIONAL EXCHANGE; AND THROUGH SPECIAL INITIATIVES, CREATES OPPORTUNITIES FOR DANCE ARTISTS AT VARIOUS STAGES IN THEIR CAREERS.
NATIONAL THEATER PROJECT (NTP) - EXPLORES CREATING A SYSTEM OF SUPPORT FOR PROFESSIONAL ARTIST-LED COLLABORATIVE, DEVISED THEATER. MODELED AFTER NEFA'S NATIONAL DANCE PROJECT, THE PROGRAM SUPPORTS ENSEMBLE THEATER DEVELOPMENT AND TOURING IN THE UNITED STATES.
NEW ENGLAND PRESENTING AND TOURING - PROVIDES FINANCIAL AND PROFESSIONAL SUPPORT TO NEW ENGLAND ARTISTS AND ARTS ORGANIZATIONS TO FOSTER THE DEVELOPMENT AND SHARING OF CREATIVE WORK; THE PROGRAM STRIVES TO REACH POPULATIONS FOR WHOM ACCESS IS MORE LIMITED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Edwards Executive Director (left 5/22) | Officer | 40 | $197,642 |
Jug Chokshi Chief Operatng Officer | Officer | 40 | $154,326 |
Jane Preston Deputy Director; Asst Secr | Officer | 40 | $139,882 |
Adrienne Petrillo Senior Program Director | 40 | $102,159 | |
Eunice Sullivan Senior Program Director | 40 | $101,936 | |
Carrie Zaslow Vice Chair & Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Last Call Media Inc Website Developer | 5/30/21 | $118,800 |
Lisa Booth Management Inc Management, Research & Development, & Pl | 5/30/21 | $260,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,433,761 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,950,663 |
| Noncash contributions included in lines 1a–1f | $5,760 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,384,424 |
| Total Program Service Revenue | $106,422 |
| Investment income | $219,189 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $364,475 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,074,510 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,151,648 |
| Grants and other assistance to domestic individuals. | $406,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $561,846 |
| Compensation of current officers, directors, key employees. | $303,818 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,951,322 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $498,435 |
| Payroll taxes | $194,816 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $86,381 |
| Fees for services: Accounting | $33,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $92,898 |
| Fees for services: Other | $590,119 |
| Advertising and promotion | $37,462 |
| Office expenses | $68,812 |
| Information technology | $118,027 |
| Royalties | $0 |
| Occupancy | $76,921 |
| Travel | $380,084 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $115,435 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,441 |
| Insurance | $65,491 |
| All other expenses | $0 |
| Total functional expenses | $10,991,369 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,331,466 |
| Savings and temporary cash investments | $47,248 |
| Pledges and grants receivable | $8,761,395 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $303,632 |
| Net Land, buildings, and equipment | $734,992 |
| Investments—publicly traded securities | $15,906,180 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $47,231 |
| Total assets | $37,132,144 |
| Accounts payable and accrued expenses | $472,650 |
| Grants payable | $6,228,405 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $47,248 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,748,303 |
| Net assets without donor restrictions | $15,617,295 |
| Net assets with donor restrictions | $14,766,546 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $37,132,144 |
Grants Awarded
Over the last fiscal year, New England Foundation For The Arts Inc has awarded $4,144,055 in support to 207 organizations.
| Grant Recipient | Amount |
|---|---|
New Orleans, LA PURPOSE: GENERAL OPERATING, CREATION AND/OR PRESENTING SUPPORT | $129,000 |
New York, NY PURPOSE: GENERAL OPERATING, CREATION AND/OR PRESENTING SUPPORT | $77,000 |
New York, NY PURPOSE: GENERAL OPERATING, CREATION AND/OR PRESENTING SUPPORT | $75,000 |
New York, NY PURPOSE: GENERAL OPERATING, CREATION AND/OR PRESENTING SUPPORT | $75,000 |
Bronx, NY PURPOSE: GENERAL OPERATING, CREATION AND/OR PRESENTING SUPPORT | $75,000 |
Brooklyn, NY PURPOSE: GENERAL OPERATING, CREATION AND/OR PRESENTING SUPPORT | $71,680 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that New England Foundation For The Arts Inc has recieved totaling $11,565,196.
| Awarding Organization | Amount |
|---|---|
Doris Duke Charitable Foundation Inc New York, NY PURPOSE: TO RENEW SUPPORT FOR THE NATIONAL DANCE PROJECT, A REGRANTING PROGRAM THAT SUPPORTS THE CREATION AND TOURING OF NEW DANCE WORKS THROUGHOUT THE US | $3,877,400 |
Andrew W Mellon Foundation New York, NY PURPOSE: TO CONTINUE SUPPORT FOR THE NATIONAL DANCE PROJECT | $2,062,000 |
Andrew W Mellon Foundation New York, NY PURPOSE: TO CONTINUE SUPPORT FOR THE NATIONAL DANCE PROJECT | $2,000,000 |
Doris Duke Charitable Foundation Inc New York, NY PURPOSE: TO SUPPORT THE NATIONAL DANCE PROJECT, WHICH ENABLES ARTISTS TO CREATE, PRESENT AND TOUR NEW DANCE WORK | $1,414,700 |
Barr Foundation Boston, MA PURPOSE: ARTS & CREATIVITY: TO SUPPORT THE NEW ENGLAND FOUNDATION FOR THE ARTS TO RECENTER ITS PUBLIC ART PROGRAM AROUND CONCEPTS OF SPATIAL JUSTICE | $1,200,000 |
Doris Duke Charitable Foundation Inc New York, NY PURPOSE: TO SUPPORT THE NATIONAL THEATER PROJECT, WHICH CREATES OPPORTUNITIES FOR THE DEVELOPMENT AND PERFORMANCE OF NEW WORK AND PROVIDES ACCESS TO A NATIONAL TOURING NETWORK OF PERFORMING ARTS PRESENTING ORGANIZATIONS | $431,250 |
Endowment Analysis
| Beg. Balance | $5,928,342 |
| Earnings | -$471,689 |
| Admin Expense | $67,421 |
| Net Contributions | $5,028,000 |
| Other Expense | $250,000 |
| Ending Balance | $10,167,232 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Democracy Prep Public Schools New York, NY | $18,413,140 | $22,499,463 |
Theatre Development Fund Inc New York, NY | $10,654,511 | $12,739,705 |
New England Foundation For The Arts Inc Boston, MA | $37,132,144 | $19,074,510 |
New York Foundation For The Arts Inc Brooklyn, NY | $8,779,392 | $10,995,267 |
Moving Picture Institute New York, NY | $5,367,184 | $7,460,439 |
Liz Claiborne & Art Ortenberg Foundation New York, NY | $208,358,667 | $11,296,700 |
Art Of Problem Solving Initiative Inc New York, NY | $11,649,838 | $7,944,885 |
Performance Zone Inc New York, NY | $3,205,718 | $5,815,345 |
America-Israel Cultural Foundation Inc New York, NY | $5,736,559 | $3,348,442 |
Music Performance Trust Fund New York, NY | $10,128,887 | $4,587,841 |
Aba Pathways Inc Monroe, NY | $523,879 | $2,142,341 |
Slomo And Cindy Silvian Foundation Inc Melville, NY | $39,807,745 | $2,244,473 |