Coby Foundation Ltd
- Assets
- $11.9m
- Revenue
- $2.6m
- Investments
- $10.1m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/1995
- Data as of
- 12/2021
- EIN
- 13-3781874
Organization Overview
Coby Foundation Ltd is located in New York, NY. The organization was established in 1995. According to its NTEE Classification (A51) the organization is classified as: Art Museums, 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. Coby Foundation Ltd 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, Coby Foundation Ltd generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $902.6k during the year ending 12/2021. While expenses have increased by 4.9% per year over the past 5 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, Coby Foundation Ltd has awarded 76 individual grants totaling $2,256,000. 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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ward L E Mintz Executive Director | 28 | $75,829 | |
Martha C Howell Director | 6 | $0 | |
Brooke Pickering-Cole Director | 6 | $0 | |
Scott I Fulmer Vice President | 6 | $0 | |
Dr Leslie Shanken Chairman | 6 | $0 | |
Dr Carol Groneman Director | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $57,420 |
| Dividends & Interest | $111,195 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,395,380 |
| Capital Gain Net Income | $2,395,380 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,563,995 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $75,829 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,136 |
| Total operating and administrative expenses | $268,106 |
| Contributions, gifts, grants paid | $634,500 |
| Total expenses and disbursements | $902,606 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,611,878 |
| Savings and temporary cash investments | $236,622 |
| 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 | $90,647 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,927,255 |
| 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, Coby Foundation Ltd has awarded $634,500 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
COOPER-HEWITT MUSEUM PURPOSE: EXHIBITION | $100,000 |
MUSEUM AT FIT PURPOSE: EXHIBITION | $75,000 |
SMITHSONIAN AMER ARTS MUSEUM PURPOSE: EXHIBITION | $40,000 |
BARD GRADUATE CENTER PURPOSE: EXHIBITION | $40,000 |
EVERSON MUSEUM OF ART PURPOSE: EXHIBITION | $35,000 |
FLO GRISWOLDLYME HIST SOC PURPOSE: EXHIBITION | $35,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Whitney Museum Of American Art New York, NY | $937,771,000 | $113,143,000 |
Philadelphia Museum Of Art Philadelphia, PA | $1,255,022,756 | $116,812,968 |
Solomon R Guggenheim Foundation New York, NY | $240,294,871 | $73,166,662 |
Brooklyn Institute Of Arts And Sciences Brooklyn, NY | $388,418,074 | $82,546,120 |
Sterling & Francine Clark Art Inst Williamstown, MA | $670,367,352 | $8,296,004 |
Frick Collection New York, NY | $548,300,043 | $37,986,909 |
Barnes Foundation Philadelphia, PA | $223,515,679 | $21,249,120 |
Isabella Stewart Gardner Museum Inc Boston, MA | $347,979,013 | $30,352,820 |
Buffalo Fine Arts Academy Buffalo, NY | $293,134,468 | $30,844,940 |
New Museum Of Contemporary Art New York, NY | $107,362,095 | $41,908,538 |
Institute Of Contemporary Art Boston, MA | $121,321,339 | $26,427,567 |
Museum Of Arts And Design New York, NY | $100,702,289 | $12,680,439 |