Byrd Hoffman Water Mill Foundation
- Assets
- $43.0m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 19
- Location
- New York, NY
- Founding
- 03/2001
- Data as of
- 12/2020
- 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 12/2020, Byrd Hoffman Water Mill Foundation employed 19 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 12/2020, Byrd Hoffman Water Mill Foundation generated $5.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $2.7m during the year ending 12/2020. 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
2020
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 ALL ARTISTIC BACKGROUNDS AS WELL AS SOCIAL SCIENTISTS, ALUMNI OF THE CENTER'S SUMMER, AND FORMER ARTISTS-IN-RESIDENCE WITH A SPECIAL FOCUS ON EMERGING ARTISTS AND CROSS-DISCIPLINARY APPROACHES. THE PROJECTS ARE EVALUATED AND SELECTED BY A PRESTIGIOUS COMMITTEE CONSISTING OF PEOPLE FROM DIVERSE ARTISTIC, HUMANITIES AND SCIENCE BACKGROUNDS.
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.
CURATORIAL/EXHIBITIONS - THE FOUNDATION'S COLLECTION IS PRESERVED AND CARED FOR BY A TEAM OF ART HANDLERS AND CONSERVATORS AND IS EXHIBITED AT THE CENTER, AMONG OTHER ROTATING VENUES WORLDWIDE. THE COLLECTION IS AN INTEGRAL PART OF THE FOUNDATION'S ACTIVITIES AS IT INSPIRES AND SUPPLEMENTS THE RESEARCH AND ACTIVITIES OF THE FOUNDATION'S ARTISTS-IN-RESIDENCE PROGRAM AND IS A TOOL FOR ANY WHO VISIT THE CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Wilson Artistic Dir. | Trustee | 10 | $152,308 |
Elka Rifkin Wmc Dir. | 40 | $132,992 | |
Linda Jackson Former Dir. | 40 | $96,154 | |
Elise Herget Interim Dir. | Officer | 40 | $31,500 |
William Campbell President | OfficerTrustee | 2 | $0 |
Roger Ferris Secretary | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rw Work Ltd | 12/30/20 | $172,930 |
K-solomons Construction Corp | 12/30/20 | $110,411 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $317,120 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,456,223 |
| Noncash contributions included in lines 1a–1f | $5,654 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,773,343 |
| Total Program Service Revenue | $765 |
| Investment income | $120,663 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $52,596 |
| Net Income from Fundraising Events | $72,653 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,020,059 |
| 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. | $300,187 |
| Compensation of current officers, directors, key employees. | $20,386 |
| Compensation to disqualified persons | $111,041 |
| Other salaries and wages | $555,638 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $143,448 |
| Payroll taxes | $66,248 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $200,471 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $260,892 |
| Travel | $8,547 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $77,416 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $515,565 |
| Insurance | $68,610 |
| All other expenses | $42,525 |
| Total functional expenses | $2,666,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $430,211 |
| Savings and temporary cash investments | $3,124,364 |
| Pledges and grants receivable | $5,481,011 |
| Accounts receivable, net | $131,001 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $164,000 |
| Prepaid expenses and deferred charges | $68,419 |
| Net Land, buildings, and equipment | $20,768,792 |
| Investments—publicly traded securities | $4,681,318 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,129,675 |
| Total assets | $42,978,791 |
| Accounts payable and accrued expenses | $174,338 |
| Grants payable | $0 |
| Deferred revenue | $290,052 |
| 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 | $2,383,333 |
| Unsecured mortgages and notes payable | $500,000 |
| Other liabilities | $0 |
| Total liabilities | $3,347,723 |
| Net assets without donor restrictions | $31,093,363 |
| Net assets with donor restrictions | $8,537,705 |
| 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 | $42,978,791 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Byrd Hoffman Water Mill Foundation has recieved totaling $182,739.
| Awarding Organization | Amount |
|---|---|
The Community Foundation For Greater Atlanta Inc Atlanta, GA PURPOSE: ARTS/CULTURE/HUMANITIES | $100,000 |
Donald A Pels Charitable Tr 081892 Harrison, NY PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $27,650 |
May And Samuel Rudin Family Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $89 |
Endowment Analysis
| Beg. Balance | $7,948,980 |
| Earnings | $139,425 |
| Net Contributions | $2,600,000 |
| Ending Balance | $10,688,405 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vivian Beaumont Theater Inc New York, NY | $199,499,593 | $19,952,200 |
American Repertory Theatre Cambridge, MA | $28,732,151 | $12,990,237 |
Signature Theatre Company New York, NY | $62,849,854 | $11,675,589 |
Playwrights Horizons Inc New York, NY | $27,151,743 | $13,749,281 |
Huntington Theatre Company Inc Boston, MA | $85,399,357 | $14,500,477 |
Manhattan Theatre Club Inc New York, NY | $95,784,807 | $15,978,594 |
Hartford Stage Company Hartford, CT | $23,293,519 | $12,254,112 |
Stella Adler Studio Of Acting New York, NY | $5,616,573 | $9,953,377 |
Storyville Center For The Spoken Word Inc New York, NY | $12,362,100 | $12,256,751 |
Second Stage Theatre New York, NY | $62,708,833 | $8,654,071 |
Atlantic Theater Company New York, NY | $26,591,945 | $8,396,675 |
Geva Theatre Center Inc Rochester, NY | $17,333,733 | $8,117,861 |