Edward Albee Foundation Inc
- Assets
- $28.4m
- Revenue
- $513.0k
- Investments
- $19.1m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/1964
- Data as of
- 12/2022
- EIN
- 13-6168827
Organization Overview
Edward Albee Foundation Inc is located in New York, NY. The organization was established in 1964. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edward Albee 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 12/2022, Edward Albee Foundation Inc generated $513.0k in total revenue. All expenses for the organization totaled $233.5k during the year ending 12/2022.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENCE PROVIDED TO SCULPTORS, VISUAL ARTISTS, AND WRITERS FOR PERIOD OF JUNE TO OCTOBER EACH YEAR. HOWEVER, DURING THE YEAR THE FOUNDATION WAS UNDERTAKING A SUBSTANTIAL RECONSTRUCTION OF ITS BUILDING AND GROUNDS FOR WHICH IT REQUESTED AND RECEIVED APPROVAL FOR SET-ASDIDES TO DEAL WITH THE EXTENDED CONSTRUCTION PERIOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Katz Director | 0 | $0 | |
Mia Westerlund-Roosen Director | 0 | $0 | |
Rex Lau Director | 35 | $80,000 | |
Jakob Holder Vice-Pres.,exec. Director, | 30 | $160,000 | |
Benjamin Taylor President, Director | 0 | $0 | |
Arnold Toren Treasurer, Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $191,012 |
| Interest on Savings | $4,699 |
| Dividends & Interest | $463,254 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$184,053 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $38,051 |
| Total Revenue | $512,963 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $10,400 |
| Interest | $0 |
| Taxes | $8,830 |
| Depreciation | $64 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $133,501 |
| Total operating and administrative expenses | $233,458 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $233,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,873,242 |
| 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 | $12,866,673 |
| Net Land, buildings, and equipment | $3,200,170 |
| Other assets | $2,196,708 |
| Total assets | $28,375,533 |
| 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 | $10,400 |
| Total liabilities | $10,400 |