Newburgh Institute For The Arts And Ideas
- Assets
- $1.3m
- Revenue
- $941.2k
- Investments
- $1.3m
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/2008
- Data as of
- 12/2021
- EIN
- 11-3817054
Organization Overview
Newburgh Institute For The Arts And Ideas is located in New York, NY. The organization was established in 2008. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newburgh Institute For The Arts And Ideas 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 12/2021, Newburgh Institute For The Arts And Ideas generated $941.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $36.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Newburgh Institute For The Arts And Ideas has awarded 108 individual grants totaling $245,413. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $237 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $941,012 |
| Capital Gain Net Income | $941,012 |
| Net ST Capital Gain | $941,012 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $941,249 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $4,322 |
| Taxes | $200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25,703 |
| Total operating and administrative expenses | $30,225 |
| Contributions, gifts, grants paid | $6,500 |
| Total expenses and disbursements | $36,725 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,154 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,346,447 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $38,500 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $38,500 |
Grants Awarded
Over the last fiscal year, Newburgh Institute For The Arts And Ideas has awarded $6,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
UNTERMYER GARDENS CONSERVANCY PURPOSE: DONATION | $1,000 |
JOYCE THEATER PURPOSE: DONATION | $1,000 |
THE WILD PROJECT PURPOSE: DONATION | $1,000 |
Houston, TX PURPOSE: DONATION | $1,000 |
Albany, NY PURPOSE: DONATION | $1,000 |
COMPOSERS NOW PURPOSE: DONATION | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richard K Lubin Family Foundation Boston, MA | $152,996,918 | $13,537,947 |
The Selz Foundation New York, NY | $142,395,054 | $24,456,334 |
Rita Allen Foundation Princeton, NJ | $219,012,203 | $23,878,841 |
The Derfner Foundation New York, NY | $158,472,968 | $13,106,656 |
Jill Roberts Charitable Foundation Inc Garden City, NY | $11,485 | $9,710,793 |
James And Merryl Tisch Foundation Inc New York, NY | $1,291,425 | $11,020,609 |
Tortuga Foundation New York, NY | $110,168,381 | $33,186,414 |
The Joseph H Flom Foundation New York, NY | $6,836,169 | $3,314,736 |
The Applebaum Foundation Inc New York, NY | $229,643,281 | $16,929,047 |
Deutsche Bank Americas Foundation New York, NY | $38,867,163 | $11,020,529 |
Charles A Dana Fdn Inc New York, NY | $248,257,333 | $20,769,847 |
The Powder Mill Foundation York, PA | $147,181,195 | $3,651,780 |