Dedalus Foundation Inc
- Assets
- $0.0
- Revenue
- $3.3m
- Investments
- $40.7m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/1983
- Data as of
- 12/2020
- EIN
- 13-3091704
Organization Overview
Dedalus Foundation Inc is located in New York, NY. The organization was established in 1983. 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. Dedalus Foundation 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 12/2020, Dedalus Foundation Inc generated $3.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (25.5%) each year. All expenses for the organization totaled $4.0m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Dedalus Foundation Inc has awarded 64 individual grants totaling $644,140. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
CATALOGUING AND MAINTAINING THE MOTHERWELL ARTCOLLECTION, ORGANIZING THE MOTHERWELL ARCHIVE FOR FUTUREPUBLIC RESEARCH AND ARTS EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Flam Chairman//ceo/president | 40 | $464,872 | |
Morgan Spangle Vice President/treasurer | 40 | $361,396 | |
Katy Marie Rogers Vice President/secretary | 40 | $313,030 | |
Monica Mctighe Researcher | 40 | $75,289 | |
George Ericson Facilities Manager | 40 | $74,964 | |
Jennifer Wilkinson Researcher | 40 | $72,969 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Us Trust | 12/30/21 | $199,203 |
Anchin Block & Anchin Llp | 12/30/21 | $254,464 |
Kiwi Partners | 12/30/21 | $110,562 |
For Office Use Only | 12/30/21 | $54,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $25,758 |
| Dividends & Interest | $826,732 |
| Profit on Inventory Sales | $0 |
| Other Income | $28,878 |
| Total Revenue | $3,255,437 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,109,410 |
| Pension plans, employee benefits | $507,657 |
| Depreciation | $274,579 |
| Occupancy | $340,763 |
| Travel, conferences, and meetings | $7,484 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $3,706,113 |
| Contributions, gifts, grants paid | $296,600 |
| Total expenses and disbursements | $4,002,713 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $989,459 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,423,761 |
| Other assets | $13,286,941 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $4,143 |
Grants Awarded
Over the last fiscal year, Dedalus Foundation Inc has awarded $347,540 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
SMITHSONIAN AMERICAN ART MUSEUM PURPOSE: 2021 SPRING INSTITUTIONAL AWARD | $32,000 |
MANTHIA DIAWARA AND TERRI GEIS PURPOSE: 2020 SENIOR FELLOWSHIP | $30,000 |
New Haven, CT PURPOSE: FALL 2021 INSTITUTIONAL GRANT | $25,040 |
NEW YORK UNIVERSITY INSTITUTE OF FINE ARTS PURPOSE: FALL 2021 INSTITUTIONAL GRANT | $25,000 |
BRIAN T LEAHY PURPOSE: 2021 DISSERTATION FELLOWSHIP | $25,000 |
Brooklyn, NY PURPOSE: FALL 2021 INSTITUTIONAL GRANT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |