House Foundation For The Arts Inc
- Assets
- $629.7k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 20
- Location
- New York, NY
- Founding
- 05/1972
- Data as of
- 06/2022
- EIN
- 13-2869113
Organization Overview
House Foundation For The Arts Inc is located in New York, NY. The organization was established in 1972. According to its NTEE Classification (A02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, House Foundation For The Arts Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. House 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 06/2022, House Foundation For The Arts Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $861.5k during the year ending 06/2022. While expenses have increased by 5.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1 ON NEXT PAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN FISCAL YEAR 2022, THE HOUSE FOUNDATION FOR THE ARTS AND MEREDITH MONK & VOCAL ENSEMBLE DID PARTAKE IN A MINIMAL NUMBER OF LIVE PERFORMANCE ENGAGEMENTS EVEN THOUGH THE CORONAVIRUS PANDEMIC CONTINUED TO CAUSE CHALLENGES. PROGRAMMATIC ACCOMPLISHMENTS INCLUDED THE DEVELOPMENT AND PRESENTATION OF INDRAS NET CONCERT VERSION AT MILLS COLLEGE IN OAKLAND CALIFORNIA. FURTHERMORE, THE HOUSE FOUNDATION PREMIERED MONKS NEW COLLABORATION DUET BEHAVIOR 2022, IN PARTNERSHIP WITH NATIONAL SAWDUST IN BROOKLYN, NY, TO A SOLD OUT AUDIENCE. DUET BEHAVIOR TOURED TO BIG EARS FESTIVAL IN KNOXVILLE, TN WHERE IT WAS PRESENTED ALONG WITH MEMORY GAME, A PARTNERSHIP WITH BANG ON A CAN. FOLLOWING BIG EARS FESTIVAL, MONK AND VOCAL ENSEMBLE TOURED TO EUROPE TO PRESENT CELLULAR SONGS: CONCERT VERSION IN HOLLAND, PARIS, NANTES AND LUXEMBOURG AS WELL AS OFFER A THREE DAY WORKSHOP IN RAVENNA, ITALY FOR YOUNG PROFESSIONAL SINGERS. IN ADDITION TO TOURING, THE HOUSE FOUNDATION CONTINUED TO PRODUCED A SERIES OF ZOOM VOCAL ENSEMBLE WORKSHOPS AS WELL AS A SUMMER IN PERSON WORKSHOPS THAT TOOK PLACE IN MONKS LOFT. THESE WORKSHOPS FOCUS ON CONNECTING AND TRAINING ARTISTS IN MONK'S PERFORMANCE METHODS AND ARTISTIC PHILOSOPHY. IN ADDITION TO THESE PERFORMANCES AND WORKSHOPS, MONK PARTICIPATED IN NUMEROUS LECTURES AND CONVERSATIONS ABOUT HER WORK THROUGHOUT THE YEAR AS WELL AS LEADING A FOUR DAY IN PERSON WORKSHOP AT GARRISON INSTITUTE IN GARRISON, NY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kirstin Kapustik Executive Director | Officer | 40 | $87,742 |
Meredith Monk Artistic Director | OfficerTrustee | 40 | $82,000 |
Severn Taylor President | OfficerTrustee | 3 | $0 |
Swati Desai Treasurer | OfficerTrustee | 3 | $0 |
Keri Christ Secretary | OfficerTrustee | 3 | $0 |
Sebastiaan Bremer Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $533,604 |
| All other contributions, gifts, grants, and similar amounts not included above | $196,094 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $729,698 |
| Total Program Service Revenue | $249,765 |
| Investment income | $77 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,300 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,740 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,012,293 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $178,666 |
| Compensation of current officers, directors, key employees. | $6,546 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $264,266 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,954 |
| Payroll taxes | $33,884 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $45,136 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,064 |
| Advertising and promotion | $7,401 |
| Office expenses | $9,459 |
| Information technology | $2,054 |
| Royalties | $0 |
| Occupancy | $50,729 |
| Travel | $93,107 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,581 |
| Insurance | $9,356 |
| All other expenses | $7,144 |
| Total functional expenses | $861,523 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,649 |
| Savings and temporary cash investments | $372,920 |
| Pledges and grants receivable | $6,550 |
| Accounts receivable, net | $1,200 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $38,178 |
| Prepaid expenses and deferred charges | $15,322 |
| Net Land, buildings, and equipment | $4,074 |
| Investments—publicly traded securities | $243 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $148,570 |
| Total assets | $629,706 |
| Accounts payable and accrued expenses | $20,913 |
| Grants payable | $0 |
| Deferred revenue | $49,466 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| 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 | $2,150 |
| Total liabilities | $72,529 |
| Net assets without donor restrictions | $373,427 |
| Net assets with donor restrictions | $183,750 |
| 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 | $629,706 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that House Foundation For The Arts Inc has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Alex Katz Foundation New York, NY PURPOSE: GENERAL CONTRIBUTION | $75,000 |
Howard Gilman Foundation Inc New York, NY PURPOSE: FOUNDATION GRANT - GENERAL OPERATING SUPPORT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Creative Property Management Inc Sidney Blanchard Elizabeth, NJ | $49,398,298 | $6,891,162 |
Culturetrust Greater Philadelphia Philadelphia, PA | $7,739,298 | $9,431,681 |
First Draft News Inc New York, NY | $1,848,129 | $1,946,147 |
Reinstitute Inc Stamford, CT | $1,122,632 | $2,425,415 |
Perkins Center For The Arts Moorestown, NJ | $1,258,666 | $1,432,700 |
House Foundation For The Arts Inc New York, NY | $629,706 | $1,012,293 |
New Jersey Theatre Alliance Allenhurst, NJ | $2,374,928 | $995,314 |
Connecticut Music Educators Assn Inc Cromwell, CT | $684,786 | $660,296 |
Art Resources Transfer Inc New York, NY | $322,136 | $639,045 |
We Have Stories New York, NY | $700 | $383,150 |
Buffalo Hispanic Management Company Inc Buffalo, NY | $4,257,121 | $408,967 |
Main St Pittsburgh, PA | $22,323 | $0 |