Helen Frankenthaler Foundation Inc
- Assets
- $152.1m
- Revenue
- $26.9m
- Investments
- $77.6m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/1985
- Data as of
- 12/2021
- EIN
- 13-3244308
Organization Overview
Helen Frankenthaler Foundation Inc is located in New York, NY. The organization was established in 1985. 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. Helen Frankenthaler 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 12/2021, Helen Frankenthaler Foundation Inc generated $26.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $11.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Helen Frankenthaler Foundation Inc has awarded 264 individual grants totaling $21,611,643. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
1. CATALOGUING AND MAINTAINING THE HELEN FRANKENTHALER FOUNDATION ART COLLECTION FOR LOANS TO MUSEUM EXHIBITIONS AND IN PREPARATION FOR A FUTURE CATALOGUE RAISONNE. 2. PROCESSING AND MAINTAINING THE HELEN FRANKENTHALER FOUNDATION ARCHIVES AND LIBRARY AS A STUDY CENTER TO FACILITATE SCHOLARLY RESEARCH ON THE ARTIST'S WORK. 3. ORGANIZING AND PRESENTING PUBLIC PROGRAMS AND EVENTS ON OR RELATED TO FRANKENTHALER'S WORK AND TO OTHER ABSTRACT EXPRESSIONIST ARTISTS, AS WELL AS THE ROLE AND RESPONSIBILITIES OF ARTIST-ENDOWED FOUNDATIONS. 4. DEVELOPING AND OFFERING PROGRAMS IN CONJUNCTION WITH BENNINGTON COLLEGE'S DEPARTMENT OF VISUAL ARTS, SPECIFICALLY ITS MUSEUM FELLOWS TERM, FOR WHICH THE FOUNDATION'S OFFICES AND STUDY CENTER SERVE AS THE NEW YORK CITY HUB. 5. CONDUCTING AND ARCHIVING INTERVIEWS FOR AN ORAL HISTORY PROGRAM TO AID FUTURE SCHOLARSHIP ON HELEN FRANKENTHALER AND THE CONTEXT OF HER WORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth A Smith Executive Director | 35 | $391,000 | |
Maureen St Onge Director Of Collecti | 35 | $220,390 | |
Douglas Dreishpoon Director Of Hf Catal | 35 | $171,041 | |
Sarah Haug Archivist | 35 | $119,554 | |
Jessie Sentivan Project Manager | 35 | $108,130 | |
Clifford Ross Chairman/director | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Uovo Llc | 12/30/21 | $215,414 |
Silberman Zaretsky Pc | 12/30/21 | $203,937 |
Resnicow & Associates Inc | 12/30/21 | $104,211 |
Daria K Conservation Llc | 12/30/21 | $71,995 |
Amann & Estabrook Conservation Associates | 12/30/21 | $59,350 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $606 |
| Dividends & Interest | $1,443,440 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,471,166 |
| Capital Gain Net Income | $25,471,166 |
| Net ST Capital Gain | $6,514 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,626 |
| Total Revenue | $26,929,838 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $391,000 |
| Other employee salaries and wages | $568,580 |
| Pension plans, employee benefits | $181,816 |
| Interest | $0 |
| Taxes | $52,877 |
| Depreciation | $29,424 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $33,125 |
| Printing and publications | $0 |
| Other expenses | $2,115,890 |
| Total operating and administrative expenses | $3,815,134 |
| Contributions, gifts, grants paid | $7,637,843 |
| Total expenses and disbursements | $11,452,977 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,227,892 |
| 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 | $383,425 |
| Net Land, buildings, and equipment | $6,808,309 |
| Other assets | $61,491,184 |
| Total assets | $152,136,508 |
| 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, Helen Frankenthaler Foundation Inc has awarded $7,637,843 in support to 134 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: SUPPORT FOR ARTIST RELIEF FUND 2021 | $300,000 |
New York, NY PURPOSE: 2021 COVID RELIEF (CONSORTIUM: 15 ARTS ORGANIZATIONS) | $250,000 |
THE NEW YORK PUBLIC LIBRARY ASTOR LENOX AND TILDEN FOUNDATIONS PURPOSE: 2020 SCHOMBURG CENTER FOR RESEARCH IN BLACK CULTURE: (2 OF 2) DIGITAL CURATION INITIATIVE | $250,000 |
New York, NY PURPOSE: 2021 COVID-19 RELIEF FUND | $200,000 |
New York, NY PURPOSE: 2021 DIGITAL INITIATIVES (2 OF 2) | $175,000 |
BENNINGTON COLLEGE PURPOSE: 2021 MUSEUM FELLOWS TERM | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnhold Foundation Inc New York, NY | $497,481,101 | $53,665,580 |
The Morningside Foundation Newton Centre, MA | $22,445,720 | $11,895,776 |
Prudential Foundation Inc Newark, NJ | $137,651,624 | $53,115,847 |
The Grace And Mercy Foundation Inc New York, NY | $617,102,449 | $100,220,039 |
The Patrick J Mcgovern Foundation Inc Boston, MA | $1,660,673,846 | $20,910,577 |
One8 Foundation Boston, MA | $488,764,350 | $32,279,319 |
Peter G Peterson Foundation New York, NY | $1,055,700,983 | $50,280,779 |
Leon Levy Foundation New York, NY | $614,122,389 | $121,596,253 |
Shubert Foundation Inc New York, NY | $671,108,588 | $57,657,953 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Hauser Foundation Inc New York, NY | $0 | $9,971,722 |