The Pierre And Tana Matisse Foundation
- Assets
- $204.2m
- Revenue
- $9.2m
- Investments
- $99.9m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/1995
- Data as of
- 12/2022
- EIN
- 13-3838457
Organization Overview
The Pierre And Tana Matisse Foundation is located in New York, NY. The organization was established in 1995. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pierre And Tana Matisse Foundation 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 12/2022, Pierre And Tana Matisse Foundation generated $9.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $9.2m during the year ending 12/2022. While expenses have increased by 6.3% 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 2014, Pierre And Tana Matisse Foundation has awarded 806 individual grants totaling $50,110,888. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
LENDING OF ARTWORK FOR DISPLAY AT VARIOUS EXHIBITIONS
COMPILATION OF THE WORK OF ARTIST YVES TANGUY INTO A CATALOGUE RAISONNE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert H Horowitz President/treas/director | 10 | $150,000 | |
Olivier G Bernier Vp/secy/director | 10 | $150,000 | |
Janos Farkas Vp/asst Secy/director | 10 | $112,500 | |
Alexandra G Farkas Vp/treas 2023/director | 10 | $37,500 | |
Alessandra C Carnielli Chief Executive Officer | 40 | $356,250 | |
David H Horowitz President 2023/dir | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Partners Capital Investment Group Llp | 12/30/22 | $175,865 |
Coopersmith Simon & Vogel Pc | 12/30/22 | $60,370 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,010 |
| Dividends & Interest | $4,429,464 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,635,242 |
| Capital Gain Net Income | $4,635,242 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $104,913 |
| Total Revenue | $9,170,629 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $806,250 |
| Other employee salaries and wages | $245,641 |
| Pension plans, employee benefits | $137,826 |
| Interest | $0 |
| Taxes | $310,888 |
| Depreciation | $4,600 |
| Occupancy | $97,173 |
| Travel, conferences, and meetings | $18,811 |
| Printing and publications | $0 |
| Other expenses | $1,320,139 |
| Total operating and administrative expenses | $3,281,611 |
| Contributions, gifts, grants paid | $5,957,985 |
| Total expenses and disbursements | $9,239,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $949,897 |
| Savings and temporary cash investments | $151,504 |
| 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 | $38,861,843 |
| Net Land, buildings, and equipment | $108,961 |
| Other assets | $103,114,828 |
| Total assets | $204,243,059 |
| 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 | $2,701,536 |
| Total liabilities | $2,701,536 |
Grants Awarded
Over the last fiscal year, The Pierre And Tana Matisse Foundation has awarded $9,876,985 in support to 163 organizations.
| Grant Recipient | Amount |
|---|---|
826NYC PURPOSE: GENERAL SUPPORT | $50,000 |
ALVIN AILEY DANCE FOUNDATION PURPOSE: ARTS EDUCATION | $25,000 |
AMERICAN CIVIL LIBERTIES UNION PURPOSE: LEGAL SERVICES | $1,000 |
ARMENIAN GENERAL BENEVOLENT UNION PURPOSE: SOCIAL SERVICES | $1,000 |
AMERICAN JEWISH WORLD SERVICES PURPOSE: SOCIAL AGENCY | $3,000 |
ART CREATES US (FKA PROJECT ART) PURPOSE: GENERAL SUPPORT | $50,000 |