Foundation For Independent Artists Inc
- Assets
- $2.0m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 94
- Location
- New York, NY
- Founding
- 11/1981
- Data as of
- 06/2021
- EIN
- 13-3082845
Organization Overview
Foundation For Independent Artists Inc is located in New York, NY. The organization was established in 1981. As of 06/2021, Foundation For Independent Artists Inc employed 94 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Independent Artists 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 06/2021, Foundation For Independent Artists Inc generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $1.7m during the year ending 06/2021. While expenses have increased by 9.4% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES ARTISTIC ENTITIES WITH A CORPORATE STRUCTURE AND FOSTERS THEIR ART THROUGH A COMBINATION OF INFRASTUCTURE, FINANCIAL, AND ADMINISTRATIVE SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES ARTISTIC ENTITIES WITH A CORPORATE STRUCTURE AND FOSTERS THEIR ART THROUGH A COMBINATION OF INFRASTUCTURE, FINANCIAL, AND ADMINISTRATIVE SUPPORT. PERFORMANCES ARE HELD THROUGHOUT THE UNITED STATES AND EUROPE. NEW WORKS ARE CREATED, AND RESIDENCIES ARE HELD.
THE ORGANIZATION PROVIDES ARTISTIC ENTITIES WITH A CORPORATE STRUCTURE AND FOSTERS THEIR ART THROUGH A COMBINATION OF INFRASTUCTURE, FINANCIAL, AND ADMINISTRATIVE SUPPORT. PERFORMANCES ARE HELD THROUGHOUT THE UNITED STATES AND EUROPE. NEW WORKS ARE CREATED, AND RESIDENCIES ARE HELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anna Brady Nuse Secretary | OfficerTrustee | 0 | $0 |
Alex Goleman President | OfficerTrustee | 0 | $0 |
Mara Greenberg Treasurer | OfficerTrustee | 0 | $0 |
Lynn Wichern Board Member | Trustee | 0 | $0 |
Judy Boomer Board Member | Trustee | 0 | $0 |
Marilyn Francescon Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $28,388 |
| Related organizations | $0 |
| Government grants | $30,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,560,204 |
| Noncash contributions included in lines 1a–1f | $8,131 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,619,392 |
| Total Program Service Revenue | $983,270 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,602,662 |
| 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. | $128,291 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $333,825 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $69,757 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,562 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $52,651 |
| Office expenses | $15,779 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $87,814 |
| Travel | $103,186 |
| 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 | $0 |
| Insurance | $8,675 |
| All other expenses | $14,094 |
| Total functional expenses | $1,698,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,732,882 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $293,177 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,026,059 |
| Accounts payable and accrued expenses | $39,555 |
| Grants payable | $0 |
| Deferred revenue | $10,000 |
| 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 | $4,877 |
| Total liabilities | $54,432 |
| Net assets without donor restrictions | $1,557,150 |
| Net assets with donor restrictions | $414,477 |
| 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 | $2,026,059 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Foundation For Independent Artists Inc has recieved totaling $1,582,268.
| Awarding Organization | Amount |
|---|---|
Andrew W Mellon Foundation New York, NY PURPOSE: TO SUPPORT ARTISTIC EXPANSION AND EXPLORATION FOR EMILY JOHNSON/CATALYST | $955,000 |
Andrew W Mellon Foundation New York, NY PURPOSE: TO SUPPORT A BUBBLE RESIDENCY FOR EMILY JOHNSON/CATALYST | $150,000 |
Mjs Foundation Inc New York, NY PURPOSE: PLEDGED GIFT TO SUPPORT THE GENERAL OPERATIONS OF THE BARKIN/SELISSEN PROJECT | $122,350 |
Mjs Foundation Inc New York, NY PURPOSE: PLEDGED GIFT TO SUPPORT THE GENERAL OPERATIONS OF THE BARKIN/SELISSEN PROJECT | $119,365 |
New England Foundation For The Arts Inc Boston, MA PURPOSE: GENERAL OPERATING, CREATION AND/OR PRESENTING SUPPORT | $66,500 |
Native Arts And Cultures Foundation Inc Portland, OR PURPOSE: SHIFT AWARDEE | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New 42nd Street Inc New York, NY | $46,201,671 | $18,353,998 |
Mann Center For The Performing Arts Philadelphia, PA | $32,818,014 | $23,395,696 |
New York Hall Of Science Corona, NY | $55,888,000 | $24,146,143 |
Technology Review Inc Cambridge, MA | $6,822,000 | $19,424,000 |
Toledo Museum Of Art Toledo, OH | $363,312,718 | $18,709,059 |
Boston Ballet Inc Boston, MA | $56,996,958 | $26,750,107 |
Us India Friendship Alliance Inc New York, NY | $3,250,782 | $21,813,031 |
Baltimore Museum Of Art Inc Baltimore, MD | $169,284,027 | $31,272,929 |
Editorial Projects In Education Inc Bethesda, MD | $35,486,255 | $21,641,400 |
Buffalo Fine Arts Academy Buffalo, NY | $293,134,468 | $30,844,940 |
Dia Center For The Arts Inc New York, NY | $215,209,262 | $19,693,933 |
Mystic Seaport Museum Inc Mystic, CT | $122,267,932 | $26,794,983 |