Pollock-Krasner Foundation Inc
- Assets
- $59.0m
- Revenue
- $11.9m
- Investments
- $43.7m
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/1985
- Data as of
- 06/2021
- EIN
- 13-3255693
Organization Overview
Pollock-Krasner 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. Pollock-Krasner 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 06/2021, Pollock-Krasner Foundation Inc generated $11.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.9% each year . All expenses for the organization totaled $7.0m during the year ending 06/2021. While expenses have increased by 3.3% 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.
Since 2015, Pollock-Krasner Foundation Inc has awarded 1,129 individual grants totaling $26,429,000. 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 |
|---|---|---|---|
Ronald Spencer Chairman | 40 | $354,988 | |
Kerrie Buitrago Executive V.P. | 40 | $302,296 | |
Samuel Sachs President | 20 | $193,084 | |
Caroline Black Program Director | 40 | $149,785 | |
Beth Cochems-Budris Grants Manager | 40 | $127,193 | |
Jennifer Gillet Office Manager | 40 | $75,996 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Resnicow And Associates | 6/29/21 | $129,645 |
Earnest Partners Llc | 6/29/21 | $59,983 |
Coopersmith Simon & Vogel Pc | 6/29/21 | $70,467 |
Westfield Capital Management | 6/29/21 | $59,663 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,129 |
| Dividends & Interest | $739,611 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,884,219 |
| Capital Gain Net Income | $10,884,219 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $277,650 |
| Total Revenue | $11,902,609 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,000,153 |
| Other employee salaries and wages | $314,366 |
| Pension plans, employee benefits | $632,373 |
| Interest | $0 |
| Taxes | $397,227 |
| Depreciation | $99,533 |
| Occupancy | $146,684 |
| Travel, conferences, and meetings | $34,932 |
| Printing and publications | $20,400 |
| Other expenses | $504,945 |
| Total operating and administrative expenses | $3,687,970 |
| Contributions, gifts, grants paid | $3,290,000 |
| Total expenses and disbursements | $6,977,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,775,333 |
| Savings and temporary cash investments | $7,635,465 |
| 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 | $66,321 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $14,187,104 |
| Net Land, buildings, and equipment | $1,248,661 |
| Other assets | $2,613,322 |
| Total assets | $59,044,885 |
| 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 | $203,200 |
| Total liabilities | $203,200 |
Grants Awarded
Over the last fiscal year, Pollock-Krasner Foundation Inc has awarded $3,350,000 in support to 138 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GENERAL | $60,000 |
MATTHEW ANGELO HARRISON PURPOSE: GENERAL | $45,000 |
Brooklyn, NY PURPOSE: GENERAL | $37,000 |
Long Island City, NY PURPOSE: GENERAL | $35,000 |
ALEXANDER ISKIN PURPOSE: GENERAL | $32,000 |
WOODSTOCK BYRDCLIFFE GUILD PURPOSE: GENERAL | $31,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Pollock-Krasner Foundation Inc has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Brian Wall Foundation Oakland, CA PURPOSE: GRANT FOR SCULPTORS | $30,000 |
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 |