Silver Mountain Foundation For The Arts
- Assets
- $18.8m
- Revenue
- $3.8m
- Investments
- $16.4m
- Employees
- 0
- Location
- Morristown, NJ
- Founding
- 05/1983
- Data as of
- 12/2021
- EIN
- 13-3157286
Organization Overview
Silver Mountain Foundation For The Arts is located in Morristown, NJ. The organization was established in 1983. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Silver Mountain Foundation For The Arts 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, Silver Mountain Foundation For The Arts generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $2.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Silver Mountain Foundation For The Arts has awarded 171 individual grants totaling $7,141,140. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl M Brown Assistant Treasurer And Vice President | 0 | $0 | |
Ms Gummer Trustee / As Required | 0 | $0 | |
Michael T Oliveri Chief Financial Officer And Treasurer | 0 | $0 | |
John P Simon Trustee / As Required | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,500,000 |
| Interest on Savings | $63 |
| Dividends & Interest | $190,605 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,076,634 |
| Capital Gain Net Income | $1,076,634 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,692 |
| Total Revenue | $3,781,994 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,555 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $750 |
| Total operating and administrative expenses | $313,861 |
| Contributions, gifts, grants paid | $1,857,140 |
| Total expenses and disbursements | $2,171,001 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,374,174 |
| 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 | $14,146,016 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $18,777,232 |
| 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, Silver Mountain Foundation For The Arts has awarded $1,857,140 in support to 92 organizations.
| Grant Recipient | Amount |
|---|---|
Poughkeepsie, NY PURPOSE: GENERAL PURPOSES - EDUCATION | $355,000 |
Alexandria, VA PURPOSE: GENERAL PURPOSES - SOCIAL WELFARE | $150,000 |
THE CLIMATE REALITY PROJECT PURPOSE: GENERAL PURPOSES - ENVIRONMENTAL | $100,000 |
Los Angeles, CA PURPOSE: GENERAL PURPOSES - SOCIAL WELFARE | $100,000 |
GOFUNDMEORG - FBO TIMES UP PURPOSE: GENERAL PURPOSES - SOCIAL WELFARE | $100,000 |
Poughkeepsie, NY PURPOSE: GENERAL PURPOSES - EDUCATION | $71,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Democracy Prep Public Schools New York, NY | $18,413,140 | $22,499,463 |
Theatre Development Fund Inc New York, NY | $10,654,511 | $12,739,705 |
New York Foundation For The Arts Inc Brooklyn, NY | $8,779,392 | $10,995,267 |
Moving Picture Institute New York, NY | $5,367,184 | $7,460,439 |
Liz Claiborne & Art Ortenberg Foundation New York, NY | $208,358,667 | $11,296,700 |
Pseg Foundation Inc Newark, NJ | $49,926,270 | $78,342 |
United Way Of Lancaster County Lancaster, PA | $8,532,432 | $6,314,775 |
Art Of Problem Solving Initiative Inc New York, NY | $11,649,838 | $7,944,885 |
Performance Zone Inc New York, NY | $3,205,718 | $5,815,345 |
America-Israel Cultural Foundation Inc New York, NY | $5,736,559 | $3,348,442 |
Music Performance Trust Fund New York, NY | $10,128,887 | $4,587,841 |
Aba Pathways Inc Monroe, NY | $523,879 | $2,142,341 |