Shubert Foundation Inc
- Assets
- $671.1m
- Revenue
- $57.7m
- Investments
- $642.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/1946
- Data as of
- 05/2022
- EIN
- 13-6106961
Organization Overview
Shubert Foundation Inc is located in New York, NY. The organization was established in 1946. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Shubert Foundation Inc 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 05/2022, Shubert Foundation Inc generated $57.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $43.9m during the year ending 05/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Shubert Foundation Inc has awarded 1,181 individual grants totaling $69,646,000. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
THE SHUBERT FOUNDATION, INC. MAINTAINS AN ARCHIVE FOR THE PRESERVATION OF THE HISTORY OF THE PERFORMING ARTS. NO INCOME IS DERIVED FROM THIS ACTIVITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vicki Reiss Asst Secretary/exec Director | 40 | $450,673 | |
Amy Wine-Dorfman Sr Program Director | 40 | $257,115 | |
Mark Swartz Archive Director | 40 | $124,135 | |
Diana Phillips President | 3 | $100,000 | |
Sylvia Wang Archivist | 40 | $83,333 | |
Josh Hardcastle Program Associate | 40 | $62,773 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
1919 Investment Counsel | 5/30/22 | $1,514,600 |
Jpmorgan Chase | 5/30/22 | $441,036 |
City National Bank | 5/30/22 | $259,770 |
Pricewaterhousecoopers Llp | 5/30/22 | $106,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $187,206 |
| Interest on Savings | $2,686,619 |
| Dividends & Interest | $12,823,288 |
| Net Rental Income | $473,291 |
| Net Gain on Sale of Assets | $38,752,629 |
| Capital Gain Net Income | $38,752,629 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,758,995 |
| Total Revenue | $57,657,953 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $550,673 |
| Other employee salaries and wages | $707,414 |
| Pension plans, employee benefits | $237,973 |
| Interest | $0 |
| Taxes | $1,053,594 |
| Depreciation | $67,760 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7,782 |
| Printing and publications | $0 |
| Other expenses | $983,394 |
| Total operating and administrative expenses | $6,272,505 |
| Contributions, gifts, grants paid | $37,595,000 |
| Total expenses and disbursements | $43,867,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,079,181 |
| Savings and temporary cash investments | $22,937,012 |
| Net Accounts receivable | $113,536 |
| 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 | $2,404,868 |
| Investments—mortgage loans | $18,942,485 |
| Investments—other | $61,097,862 |
| Net Land, buildings, and equipment | $1,001,769 |
| Other assets | $1,371,984 |
| Total assets | $671,108,588 |
| Accounts payable and accrued expenses | $3,962,151 |
| Grants payable | $0 |
| Deferred revenue | $102,415 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,064,566 |
Grants Awarded
Over the last fiscal year, Shubert Foundation Inc has awarded $37,595,000 in support to 609 organizations.
| Grant Recipient | Amount |
|---|---|
Atlanta, GA PURPOSE: ENDOWMENT GIFT | $1,000,000 |
Atlanta, GA PURPOSE: ENDOWMENT GIFT | $1,000,000 |
FUND FOR PUBLIC SCHOOLSNYC DEPT OF EDUCATION PURPOSE: SUPPORT OF THE 17TH YEAR OF THE SHUBERT FOUNDATION / MTI BROADWAY JUNIOR PROGRAM WITH THE NEW YORK CITY DEPARTMENT OF EDUCATION | $326,000 |
New York, NY PURPOSE: GENERAL OPERATING | $325,000 |
Chicago, IL PURPOSE: GENERAL OPERATING | $325,000 |
Washington, DC PURPOSE: GENERAL OPERATING | $325,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Shubert Foundation Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
John And Nancy Sykes Foundation Incorporated Northfield, NJ PURPOSE: TO PROVIDE FOR SCIENTIFIC, EDUCATIONAL, AND CHARITABLE PURPOSES. | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
William Penn Foundation Philadelphia, PA | $0 | $175,834,650 |
The Heinz Endowments Pittsburgh, PA | $0 | $54,378,087 |
Zoom Foundation Greenwich, CT | $956,305,373 | $176,914,821 |
Fidelity Foundation Boston, MA | $2,530,107,332 | $803,389,715 |
Klarman Family Foundation Boston, MA | $754,784,032 | $145,872,662 |
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |