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 relatively stable growth, over the past 3 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $43.9m during the year ending 05/2022. While expenses have increased by 5.6% per year over the past 3 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 2021, Shubert Foundation Inc has awarded 1,815 individual grants totaling $107,546,000. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 |
|---|---|---|---|
Robert E Wankel Chairman | 1 | $0 | |
Diana Phillips President | 3 | $100,000 | |
Wyche Fowler Jr Director | 1 | $0 | |
Pamela Newkirk Director | 1 | $0 | |
Richard J Poccia Director | 1 | $0 | |
Lee J Seidler Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
City National Bank | 5/30/23 | $139,615 |
1919 Investment Counsel | 5/30/23 | $1,289,649 |
Jpmorgan Chase | 5/30/23 | $369,670 |
Pricewaterhousecoopers Llp | 5/30/23 | $104,000 |
Eagle Capital Management Llc | 5/30/23 | $88,187 |
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 $37,900,000 in support to 634 organizations.
| Grant Recipient | Amount |
|---|---|
1ST STAGE PURPOSE: GENERAL OPERATING SUPPORT FOR THEATRICAL PRODUCTIONS/ACTIVITIES | $30,000 |
7 STAGES INC PURPOSE: GENERAL OPERATING SUPPORT FOR THEATRICAL PRODUCTIONS/ACTIVITIES | $30,000 |
4TH WALL THEATRE COMPANY PURPOSE: GENERAL OPERATING SUPPORT FOR THEATRICAL PRODUCTIONS/ACTIVITIES | $15,000 |
A NOISE WITHIN PURPOSE: GENERAL OPERATING SUPPORT FOR THEATRICAL PRODUCTIONS/ACTIVITIES | $45,000 |
A RED ORCHID THEATRE PURPOSE: GENERAL OPERATING SUPPORT FOR THEATRICAL PRODUCTIONS/ACTIVITIES | $25,000 |
ABOUT FACE THEATRE COLLECTIVE INC PURPOSE: GENERAL OPERATING SUPPORT FOR THEATRICAL PRODUCTIONS/ACTIVITIES | $25,000 |