Byrd Hoffman Water Mill Foundation
- Assets
- $43.7m
- Revenue
- $7.1m
- Investments
- $0.0
- Employees
- 18
- Location
- New York, NY
- Founding
- 03/2001
- Data as of
- 12/2023
- EIN
- 13-4144013
Organization Overview
Byrd Hoffman Water Mill Foundation is located in New York, NY. The organization was established in 2001. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Byrd Hoffman Water Mill Foundation employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Byrd Hoffman Water Mill 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 12/2023, Byrd Hoffman Water Mill Foundation generated $7.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $4.0m during the year ending 12/2023. While expenses have increased by 0.7% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDED FOR THE DEVELOPMENT OF EMERGING ARTISTS AND THE PROMOTION OF INNOVATIVE PERFORMING AND VISUAL ARTS, AS WELL AS TO COLLECT, PRESERVE AND EXHIBIT ART.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENCY PROGRAM - THIS PROGRAM IS OPEN FOR ARTISTS FROM ALLARTISTIC BACKGROUNDS AS WELL AS SOCIAL SCIENTISTS, ALUMNI OF THECENTER'S SUMMER, AND FORMER ARTISTS-IN-RESIDENCE WITH A SPECIALFOCUS ON EMERGING ARTISTS AND CROSS-DISCIPLINARYAPPROACHES. THEPROJECTS ARE EVALUATED AND SELECTED BY A PRESTIGIOUS COMMITTEECONSISTING OF PEOPLE FROM DIVERSE ARTISTIC, HUMANITIES AND SCIENCEBACKGROUNDS
ARTISTIC RESOURCES - THE LIBRARY OF INSPIRATION IS A PROGRAM THAT BRINGS TOGETHER THE FOUNDATIONS ARCHIVES, LIBRARY RESOURCES AND INFORMATION ABOUT THE WATERMILL ART COLLECTION AS WELL AS DIGITAL MATERIALS AS A RESOURCE FOR ARTISTS AND SCHOLARS INTO ONE COMPLETE USER FRIENDLY DATABASE. THE PRIMARY PURPOSE OF THE ARCHIVE IS TO DOCUMENT THE WORK OF ROBERT WILSON, AS WELL AS THAT OF HIS COLLABORATORS AND CONTEMPORARIES. THE ARCHIVE COLLECTS, ORGANIZES, PRESERVES, DESCRIBES AND PROVIDES ACCESS TO ALL FORMATS OF DOCUMENTARY MATERIALS. IN ADDITION, THE ARCHIVE PRESERVES AND DOCUMENTS THE WORK OF THE FOUNDATION.
INTERNATIONAL SUMMER PROGRAM - INTERNATIONAL SUMMER PROGRAM CONSISTS OF DAILY WORKSHOPS WITH ROBERT WILSON AND HIS COLLABORATORS THAT FOCUS ON NEW PROJECTS IN DEVELOPMENT FOR THEATER AND OPERA, INSTALLATION AND EXHIBITION DESIGN, FURNITURE AND FASHION DESIGN, FILM AND VIDEO, LANDSCAPING, AND ARCHITECTURE. THE PARTICIPATING ARTISTS PROVIDED SITE-SPECIFIC INSTALLATIONS AND PERFORMANCES FOR A LARGE OPEN HOUSE, WHICH WAS FREE TO THE PUBLIC. ADDITIONALLY, GUEST LECTURERS SPOKE TO THE ARTISTS AND LOCAL COMMUNITY ON A VARIETY OF SUBJECTS REGARDING SCIENCE AND ARTDURING THE SUMMER LECTURE SERIES SERIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Wilson Artistic Dir. | Trustee | 10 | $150,000 |
Elise Herget Managing Director | 40 | $150,000 | |
Ronald Harrison Dir. Of Finance | 40 | $113,996 | |
Nicole Martorana Artist Prog. Dir. | 40 | $100,731 | |
William Campbell Chairman | OfficerTrustee | 2 | $0 |
Roger Ferris Secretary | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chase Bank Mortgage | 12/30/23 | $198,299 |
Five Ohm Productions Llc Equipment/labor | 12/30/23 | $135,416 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $674,943 |
| Related organizations | $0 |
| Government grants | $66,944 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,416,695 |
| Noncash contributions included in lines 1a–1f | $115,833 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,158,582 |
| Total Program Service Revenue | $8,549 |
| Investment income | $282,949 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$180,830 |
| Net Income from Fundraising Events | -$398,061 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,095,953 |
| 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. | $300,000 |
| Compensation of current officers, directors, key employees. | $14,704 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $855,122 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $183,326 |
| Payroll taxes | $92,654 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,390 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $582,927 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $225,280 |
| Travel | $62,527 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $175,199 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $620,771 |
| Insurance | $112,798 |
| All other expenses | $86,604 |
| Total functional expenses | $4,006,082 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,565 |
| Savings and temporary cash investments | $604,932 |
| Pledges and grants receivable | $478,296 |
| Accounts receivable, net | $144,669 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $84,413 |
| Prepaid expenses and deferred charges | $63,621 |
| Net Land, buildings, and equipment | $19,589,474 |
| Investments—publicly traded securities | $14,387,738 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,197,015 |
| Total assets | $43,678,723 |
| Accounts payable and accrued expenses | $471,063 |
| Grants payable | $0 |
| Deferred revenue | $250 |
| 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 | $2,371,854 |
| Unsecured mortgages and notes payable | $499,972 |
| Other liabilities | $0 |
| Total liabilities | $3,343,139 |
| Net assets without donor restrictions | $33,881,711 |
| Net assets with donor restrictions | $6,453,873 |
| 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 | $43,678,723 |