Swiss Institute
- Assets
- $5.5m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 23
- Location
- New York, NY
- Founding
- 03/1989
- Data as of
- 12/2021
- EIN
- 13-3414346
Organization Overview
Swiss Institute is located in New York, NY. The organization was established in 1989. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Swiss Institute employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Swiss Institute 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, Swiss Institute generated $4.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $4.2m during the year ending 12/2021. While expenses have increased by 12.8% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SWISS INSTITUTE IS A NOT-FOR-PROFIT ORGANIZATION FOR THE PURPOSE OF PROMOTING FORWARD-THINKING AND EXPERIMENTAL ART MAKING THROUGH INNOVATIVE EXHIBITIONS AND PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL PROGRAM AND OTHER EXHIBITIONS HELD THROUGHOUT THE YEAR BY SWISS INSTITUTE.
GENERAL PROGRAM AND OTHER EXHIBITIONS HELD THROUGHOUT THE YEAR BY SWISS INSTITUTE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Simon Castets Director | Officer | 45 | $229,538 |
Philippe Bertherat Trustee | Trustee | 1 | $0 |
Daniel Baumann Trustee | Trustee | 1 | $0 |
Maja Hoffmann President | Trustee | 1 | $0 |
Francesco Bonami Trustee | Trustee | 1 | $0 |
Dominique Levy Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $225,713 |
| Fundraising events | $1,031,520 |
| Related organizations | $0 |
| Government grants | $1,726,681 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,039,685 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,023,599 |
| Total Program Service Revenue | $0 |
| Investment income | $9 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $421,723 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,486,430 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $922,321 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $105,856 |
| Payroll taxes | $67,677 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,655 |
| Fees for services: Accounting | $214,395 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $191,648 |
| Advertising and promotion | $12,187 |
| Office expenses | $29,558 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,054,492 |
| Travel | $179,328 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18,836 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $584,491 |
| Insurance | $19,327 |
| All other expenses | $102,202 |
| Total functional expenses | $4,197,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,794,282 |
| Savings and temporary cash investments | $109,583 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $239,672 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $48,831 |
| Prepaid expenses and deferred charges | $26,042 |
| Net Land, buildings, and equipment | $2,067,953 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $197,105 |
| Total assets | $5,483,468 |
| Accounts payable and accrued expenses | $409,732 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $590,035 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,512,876 |
| Total liabilities | $3,512,643 |
| Net assets without donor restrictions | $1,970,825 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,483,468 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Swiss Institute has recieved totaling $733,500.
| Awarding Organization | Amount |
|---|---|
Cy Twombly Foundation New York, NY PURPOSE: COVID RELIEF | $250,000 |
Helen Frankenthaler Foundation Inc New York, NY PURPOSE: 2021 COVID RELIEF (CONSORTIUM: 15 ARTS ORGANIZATIONS) | $250,000 |
Henry Luce Foundation Inc New York, NY PURPOSE: COVID EMERGENCY GRANT: SWISS INSTITUTE #2 | $150,000 |
Garcia Family Foundation Us PURPOSE: IN SUPPORT OF THE INDEPENDENT NON-PROFIT CONTEMPORARY ART INSTITUTION DEDICTATED TO PROMOTING FORWARD THINKING AND EXPERIMENTAL ART MAKING THROUGH INNOVATIVE EXHIBITIONS, EDUCTATION AND PROGRAMMES. | | $60,000 |
Horace W Goldsmith Foundation New York, NY PURPOSE: SPECIAL PROJECT | $20,000 |
Gloria & Harvey L Levine Charitable Foundation Inc Hewlett Bay Park, NY PURPOSE: FURTHER DONEE'S EXEMPT PURPOSE | $2,500 |
Endowment Analysis
| Beg. Balance | $57,617 |
| Earnings | $9 |
| Net Contributions | $111,949 |
| Other Expense | $60,000 |
| Ending Balance | $109,575 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Japan Society Inc New York, NY | $91,776,832 | $10,515,982 |
Kutztown University Foundation Kutztown, PA | $74,779,996 | $14,561,087 |
French Institute-Alliance Francaise New York, NY | $24,965,114 | $8,095,199 |
Center For Jewish History Inc New York, NY | $52,466,984 | $9,804,079 |
Japanese Childrens Society Inc Englewood Cliffs, NJ | $6,760,346 | $7,633,011 |
National Yiddish Book Center Inc Amherst, MA | $63,979,400 | $12,290,218 |
Hispanic Society Of America New York, NY | $100,790,486 | $5,124,176 |
Columbus Citizens Foundation Inc New York, NY | $32,932,983 | $6,043,809 |
Swiss Institute New York, NY | $5,483,468 | $4,486,430 |
Greater Philadelphia Falun Dafa Association Philadelphia, PA | $1,063,316 | $4,579,656 |
The Workmens Circle Arbeter Ring Incorporated New York, NY | $40,155,204 | $3,248,855 |
An Claidheamh Soluis Inc New York, NY | $72,072,476 | $13,153,865 |