Willem De Kooning Foundation
- Assets
- $89.6m
- Revenue
- $5.0m
- Investments
- $41.3m
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/2001
- Data as of
- 06/2021
- EIN
- 13-4151973
Organization Overview
Willem De Kooning Foundation is located in New York, NY. The organization was established in 2001. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Willem DE Kooning 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 06/2021, Willem DE Kooning Foundation generated $5.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 33.4% each year . All expenses for the organization totaled $5.5m during the year ending 06/2021. While expenses have increased by 24.3% per year over the past 4 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, Willem DE Kooning Foundation has awarded 43 individual grants totaling $5,121,800. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
A WIDE RANGE OF RESEARCHERS, INCLUDING SCHOLARS AND CURATORS, CONSULTED THE FOUNDATION'S ARCHIVES, STUDY MATERIALS, ART COLLECTION AND STAFF SPECIALISTS TOWARD MONOGRAPHS, EXHIBITIONS AND EDUCATIONAL MATERIALS. THIS CONSULTATION WAS PROVIDED BOTH IN-PERSON AND REMOTELY VIA VIDEO CONFERENCE. FOUNDATION SPECIALISTS ACTIVELY PROVIDED RESEARCH FINDINGS, ASSISTANCE IN LANGUAGE TRANSLATION, AND GUIDANCE TO ORGANIZATIONS AND AUTHORS TOWARD THEIR PUBLICATIONS AND EXHIBITIONS ON WILLEM DE KOONING AND RELATED SUBJECTS. THE FOUNDATION CONTINUED ITS IN-HOUSE RESEARCH AND PROCESSING OF DOCUMENTATION ON WILLEM DE KOONING'S WRITINGS, SCULPTURE, PRINTS AND OVERALL OEUVRE, TOWARD THE EVENTUAL PUBLICATIONS OF RESOURCES TO AID FUTURE SCHOLARSHIP ON DE KOONING AND 20TH CENTURY ART. THE FOUNDATION CONTINUED TO RE-HOUSE, PROCESS, DIGITIZE AND ADD TO ITS ARCHIVES. THE CARE AND PRESERVATION OF ITS ART COLLECTION IS ON-GOING.
12 WORKS WERE ON LONG-TERM LOAN THIS FISCAL YEAR TO INSTITUTIONS AND MUNICIPALITIES INCLUDING GRAND RAPIDS ART MUSEUM, JOHNS HOPKINS UNIVERSITY, LONGHOUSE RESERVE, STANFORD UNIVERSITY LAW SCHOOL AND BUSINESS SCHOOL, NEW YORK UNIVERSITY SCHOOL OF LAW, PINAKOTHEK DER MODERN, MUNICH, AND THE CITY OF ROTTERDAM. THE FOUNDATION CONTINUED TO PROVIDE GUIDANCE AND EXPERTISE TO THE UNIVERSITY OF ARIZONA MUSEUM OF ART AND THE GETTY CONSERVATION INSTITUTE IN SUPPORT OF THE CONSERVATION OF THE UNIVERSITY'S PAINTING BY WILLEM DE KOONING, WOMAN OCHRE, 1954-55.THE FOUNDATION WELCOMED 3 INTERNS TO LEARN AND WORK ALONGSIDE STAFF MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Schichtel Executive Director | 33 | $377,831 | |
D Roger Anthony Senior Researcher | 26 | $187,434 | |
Heidi Coleman Archivist | 31 | $100,756 | |
Stephen J Mack Catalogue Raisonne D | 37 | $91,346 | |
Madeline E Bartel Projects Coordinator | 19 | $79,369 | |
Matthew D Pych Business And Hr Admi | 29 | $77,012 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
John Elderfield Llc | 6/29/21 | $112,500 |
Fiera Capital Advisors | 6/29/21 | $103,616 |
Citrin Cooperman & Company Llp | 6/29/21 | $96,807 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,094,821 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,882,161 |
| Capital Gain Net Income | $3,882,161 |
| Net ST Capital Gain | $453,796 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $55,936 |
| Total Revenue | $5,032,918 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $377,831 |
| Other employee salaries and wages | $848,007 |
| Pension plans, employee benefits | $201,367 |
| Interest | $0 |
| Taxes | $116,301 |
| Depreciation | $29,005 |
| Occupancy | $382,176 |
| Travel, conferences, and meetings | $9,410 |
| Printing and publications | $0 |
| Other expenses | $963,603 |
| Total operating and administrative expenses | $3,224,830 |
| Contributions, gifts, grants paid | $2,314,300 |
| Total expenses and disbursements | $5,539,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,917 |
| Savings and temporary cash investments | $516,687 |
| 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 | $0 |
| Net Land, buildings, and equipment | $388,682 |
| Other assets | $47,176,687 |
| Total assets | $89,591,494 |
| 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, Willem De Kooning Foundation has awarded $2,314,300 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: SUPPORT THE ARTIST RELIEF FUND DURING THE COVID-19 PANDEMIC CRISIS. | $550,000 |
PARTICIPANT INC PURPOSE: SUPPORT FUND FOR 32 SMALL ARTS ORGANIZATIONS DURING THE COVID-19 PANDEMIC CRISIS. | $320,000 |
New York, NY PURPOSE: SUPPORT THE FUND FOR 15 SMALL ARTS ORGANIZATIONS DURING THE COVID-19 PANDEMIC CRISIS. | $300,000 |
Brooklyn, NY PURPOSE: SUPPORT RETHINKING RESIDENCIES, A GROUP OF 10 NEW YORK-BASED VISUAL ARTS RESIDENCY PROGRAMS, DURING THE COVID-19 PANDEMIC CRISIS. | $300,000 |
New York, NY PURPOSE: SUPPORT FOR THE CHARITY'S FCA EMERGENCY COVID-19 FUND. | $250,000 |
THE BROOKLYN RAIL PURPOSE: SUPPORT FOR THE ART SEEN SECTION OF JOURNAL PUBLICATIONS THAT COVERS CONTEMPORARY VISUAL ART IN PARTICULAR DEPTH. ALSO SUPPORT OF ITS 2021 NEW SOCIAL ENVIRONMENT PROGRAM DURING THE COVID-19 PANDEMIC CRISIS. | $102,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grace Farms Foundation New Canaan, CT | $127,278,874 | $14,337,032 |
Build Health International Inc Beverly, MA | $9,391,112 | $16,132,621 |
China Medical Board Inc Cambridge, MA | $0 | $15,367,231 |
Rubin Museum Of Art New York, NY | $219,341,965 | $20,862,684 |
Pussycat Foundation New York, NY | $113,070,433 | $12,403,154 |
Tippet Rise Foundation New York, NY | $46,097,612 | $11,599,378 |
Gerry Foundation Inc Liberty, NY | $111,892,284 | $11,122,515 |
Moise Y Safra Foundation Inc New York, NY | $57,760,218 | $6,334,851 |
Rockefeller Archive Center Sleepy Hollow, NY | $198,097,366 | $11,995,066 |
Black River Outdoor Education Program Inc Great Neck, NY | $0 | $235,026 |
Tiger Baron Foundation Inc New York, NY | $135,800,192 | $10,090,454 |
Institute For Aegean Prehistory New York, NY | $0 | $4,040,162 |