The Andy Warhol Foundation For The Visual Arts Inc
- Assets
- $375.6m
- Revenue
- $51.5m
- Investments
- $353.1m
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/1988
- Data as of
- 04/2022
- EIN
- 13-3410749
Organization Overview
The Andy Warhol Foundation For The Visual Arts Inc is located in New York, NY. The organization was established in 1988. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, 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. Andy Warhol Foundation For The Visual Arts 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 04/2022, Andy Warhol Foundation For The Visual Arts Inc generated $51.5m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 54.8% each year . All expenses for the organization totaled $25.4m during the year ending 04/2022. While expenses have increased by 4.3% per year over the past 3 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, Andy Warhol Foundation For The Visual Arts Inc has awarded 954 individual grants totaling $71,914,082. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ANDY WARHOL CATALOGUE RAISONNE: PAINTINGS, SCULPTURES, AND DRAWINGS IS A MULTI-VOLUME, SCHOLARLY PROJECT THAT WILL DOCUMENT WARHOL'S WORK IN THESE MEDIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Wachs President | 40 | $612,276 | |
Kathleen C Maurer Treasurer/secretary/cfo | 40 | $430,816 | |
Donald Warhola Vice President | 20 | $74,135 | |
Catherine Opie Director | 12 | $12,500 | |
Shana Berger Director | 3 | $3,125 | |
Mamadou-Abou Sarr Director | 12 | $12,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Latham & Watkins Llp | 4/29/23 | $1,391,405 |
Dsjcpa | 4/29/23 | $133,310 |
Rothwell Figg Ernst & Manbeck Pc | 4/29/23 | $125,072 |
Condon O'meara Mcginty & Donnelly Llp | 4/29/23 | $112,168 |
Quinn Emanuel Urquhart & Sullivan Llp | 4/29/23 | $55,171 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $775,609 |
| Dividends & Interest | $1,170,556 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $42,877,460 |
| Capital Gain Net Income | $60,407,394 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,702,748 |
| Total Revenue | $51,526,373 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,260,871 |
| Other employee salaries and wages | $2,341,874 |
| Pension plans, employee benefits | $1,697,752 |
| Interest | $0 |
| Taxes | $1,171,367 |
| Depreciation | $0 |
| Occupancy | $587,861 |
| Travel, conferences, and meetings | $27,987 |
| Printing and publications | $0 |
| Other expenses | $598,187 |
| Total operating and administrative expenses | $10,105,683 |
| Contributions, gifts, grants paid | $15,318,195 |
| Total expenses and disbursements | $25,423,878 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300 |
| Savings and temporary cash investments | $10,612,267 |
| Net Accounts receivable | $26,895 |
| 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 | $290,889,749 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $11,922,747 |
| Total assets | $375,628,094 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $2,718,944 |
| 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 | $2,718,944 |
Grants Awarded
Over the last fiscal year, The Andy Warhol Foundation For The Visual Arts Inc has awarded $18,609,580 in support to 248 organizations.
| Grant Recipient | Amount |
|---|---|
THE ANDY WARHOL MUSEUM PURPOSE: GENERAL OPERATING SUPPORT | $500,000 |
COMMON FIELD INITIATIVE PURPOSE: SUPPORT FOR THE COMMON FIELD INITIATIVE | $450,000 |
CULTURESOURCE PURPOSE: WARHOL RE-GRANTING INITIATIVE | $100,000 |
RACING MAGPIE PURPOSE: WARHOL RE-GRANTING INITIATIVE | $100,000 |
YALE UNIVERSITY ART GALLERY PURPOSE: "MICKALENE THOMAS / PORTRAIT OF AN UNLIKELY SPACE" EXHIBITION | $100,000 |
SPACE GALLERY PURPOSE: PROGRAM SUPPORT (OVER 2 YEARS) | $50,000 |