Dedalus Foundation Inc
- Assets
- $56.4m
- Revenue
- $3.6m
- Investments
- $36.6m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/1983
- Data as of
- 12/2022
- 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 12/2022, Dedalus Foundation Inc generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 27.2% each year . All expenses for the organization totaled $4.7m during the year ending 12/2022. While expenses have increased by 3.0% per year over the past 4 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 2020, Dedalus Foundation Inc has awarded 122 individual grants totaling $1,169,990. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
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 | $489,765 | |
Morgan Spangle Vice President/treasurer | 40 | $380,679 | |
John Elderfield Director/consultant | 2 | $0 | |
Katy Marie Rogers Vice President/secretary | 40 | $339,711 | |
Pamela Auchincloss Director | 2 | $0 | |
Mary C Altizer Registrar & Exb Mgr | 40 | $105,422 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Us Trust | 12/30/22 | $186,328 |
Yale University | 12/30/22 | $228,598 |
Anchin Block & Anchin Llp | 12/30/22 | $201,972 |
For Office Use Only | 12/30/22 | $61,400 |
Kiwi Partners | 12/30/22 | $104,394 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $227,031 |
| Dividends & Interest | $756,392 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,561,881 |
| Capital Gain Net Income | $2,645,336 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $37,701 |
| Total Revenue | $3,583,005 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,210,155 |
| Other employee salaries and wages | $579,445 |
| Pension plans, employee benefits | $444,445 |
| Interest | $0 |
| Taxes | $187,786 |
| Depreciation | $253,257 |
| Occupancy | $267,474 |
| Travel, conferences, and meetings | $95,335 |
| Printing and publications | $0 |
| Other expenses | $555,040 |
| Total operating and administrative expenses | $4,210,228 |
| Contributions, gifts, grants paid | $525,850 |
| Total expenses and disbursements | $4,736,078 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,183,117 |
| Savings and temporary cash investments | $1,844,175 |
| 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 | $2,845,761 |
| Net Land, buildings, and equipment | $3,781,446 |
| Other assets | $13,045,343 |
| Total assets | $56,436,799 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Dedalus Foundation Inc has awarded $525,850 in support to 58 organizations.
| Grant Recipient | Amount |
|---|---|
GREGORY RICK PURPOSE: 2022 MFA FELLOWSHIP RECIPIENTS | $15,000 |
HALLA ABUBAKER PURPOSE: 2022 MFA FELLOWSHIP RECIPIENTS | $15,000 |
ALEXIS DE CHAUNAC PURPOSE: 2022 MFA FELLOWSHIP RECIPIENTS | $15,000 |
SANDRA ZALMAN PURPOSE: 2022 SENIOR FELLOWSHIP RECIPIENT | $30,000 |
SUZANNE P HUDSON PURPOSE: 2022 FUND FOR PAST FELLOWS AND AWARDEES | $2,500 |
JORDAN LOEPPKY-KOLESNIK PURPOSE: 2022 FUND FOR PAST FELLOWS AND AWARDEES | $2,500 |