Edward Albee Foundation Inc
- Assets
- $28.1m
- Revenue
- $443.0k
- Investments
- $15.1m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/1964
- Data as of
- 12/2021
- 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 12/2021, Edward Albee Foundation Inc generated $443.0k in total revenue. All expenses for the organization totaled $479.4k during the year ending 12/2021. While expenses have increased by 10.1% per year over the past 6 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jakob Holder Vice-Pres.,exec. Director, | 25 | $160,000 | |
Rex Lau Director | 35 | $85,000 | |
William Katz Director | 0 | $0 | |
Benjamin Taylor President, Director | 0 | $0 | |
Mia Westerlund-Roosen Director | 0 | $0 | |
Arnold Toren Treasurer, Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $186,816 |
| Interest on Savings | $236 |
| Dividends & Interest | $258,916 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,026 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,021 |
| Total Revenue | $442,963 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $245,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $4,558 |
| Interest | $0 |
| Taxes | $30,153 |
| Depreciation | $128 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $146,057 |
| Total operating and administrative expenses | $479,368 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $479,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,210,418 |
| 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 | $14,471,507 |
| Net Land, buildings, and equipment | $496 |
| Other assets | $2,744,658 |
| Total assets | $28,090,186 |
| 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 | $4,558 |
| Total liabilities | $4,558 |
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|---|---|---|
Shed Nyc Inc New York, NY | $621,442,218 | $102,270,782 |
Westchester Academic Library Directors Organization Inc New York, NY | $47,276,623 | $38,534,511 |
Pro Publica Inc New York, NY | $60,782,681 | $36,005,300 |
Pittsburgh Trust For Cultural Resources Pittsburgh, PA | $189,016,990 | $50,601,813 |
Dia Center For The Arts Inc New York, NY | $215,209,262 | $19,693,933 |
Munson-Williams-Proctor Arts Institute Utica, NY | $139,434,457 | $25,944,561 |
Bethel Woods Center For The Arts Inc Liberty, NY | $30,099,296 | $24,809,456 |
Artsquest Bethlehem, PA | $46,615,180 | $27,430,533 |
Lincoln Park Performing Arts Center Midland, PA | $37,610,958 | $11,880,429 |
Joan Mitchell Foundation Inc New York, NY | $163,093,074 | $7,287,755 |
African American Cultural Center Pittsburgh, PA | $15,275,830 | $8,128,417 |
Pioneer Works Art Foundation Brooklyn, NY | $17,838,425 | $7,041,619 |