The Heliker-La Hotan Foundation Inc
- Assets
- $1.7m
- Revenue
- $12.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Mineola, NY
- Founding
- 01/2001
- Data as of
- 12/2021
- EIN
- 13-7262537
Organization Overview
The Heliker-La Hotan Foundation Inc is located in Mineola, NY. The organization was established in 2001. 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. Heliker-La Hotan 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, Heliker-La Hotan Foundation Inc generated $12.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (19.8%) each year. All expenses for the organization totaled $67.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (17.2%) per year over the past 7 years. 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
RESIDENCY PROGRAM:IT WAS THE WISH OF JACK HELIKER AND ROBERT LAHOTAN THAT THEIR HOME AND STUDIOS ON CRANBERRY ISLAND IN MAINE CONTINUE TO BE USED BY ARTISTS. TO THIS END THEY LEFT THEIR ESTATES TO THE HELIKER-LAHOTAN FOUNDATION, WITH A MANDATE TO OPERATE THE COMPLEX OF BUILDINGS ON CRANBERRY ISLAND AS A PLACE FOR ARTISTS TO LIVE AND WORK. THE THREE-TO-FOUR WEEK RESIDENCIES ARE DESIGNED FOR MID-CAREER ARTISTS OF ESTABLISHED ABILITY, NOT EMERGING TALENTS.THE RESIDENCY PROGRAM WAS TERMIINATED IN NOVEMBER 2020, COINCIDENT WITH THE SALE OF THE CRANBERRY ISLAND PROPERTY.
ARCHIVE PROGRAM:THE FOUNDATION MAINTAINS AN ARCHIVE OF THE PAINTINGS AND WORKS OF ART OF JOHN HELIKER AND ROBERT LAHOTAN FROM THEIR LONG PRODUCTIVE CAREERS ALONG WITH A DIGITAL DATABASE OF WORKS, PERSONAL PAPERS AND OTHER INFORMATION ABOUT BOTH ARTISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Bailey Pres, Exec Dir | 40 | $0 | |
David Carbone Director | 2 | $0 | |
Jilaine Jones Director | 2 | $0 | |
John Goodman Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,977 |
| Total Revenue | $11,977 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,505 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,546 |
| Printing and publications | $0 |
| Other expenses | $43,474 |
| Total operating and administrative expenses | $67,100 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $67,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,244 |
| Savings and temporary cash investments | $1,417,097 |
| 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 | $0 |
| Other assets | $240,833 |
| Total assets | $1,659,174 |
| Accounts payable and accrued expenses | $2,065 |
| 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 | $2,065 |
Grants Awarded
Over the last fiscal year, The Heliker-La Hotan Foundation Inc has awarded $120 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST BAPTIST CHURCH PURPOSE: CHARITABLE | $100 |
TCI FIRE AND RESCUE AUXILLARY PURPOSE: CHARITABLE | $20 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richard K Lubin Family Foundation Boston, MA | $152,996,918 | $13,537,947 |
The Selz Foundation New York, NY | $142,395,054 | $24,456,334 |
Rita Allen Foundation Princeton, NJ | $219,012,203 | $23,878,841 |
The Derfner Foundation New York, NY | $158,472,968 | $13,106,656 |
Jill Roberts Charitable Foundation Inc Garden City, NY | $11,485 | $9,710,793 |
James And Merryl Tisch Foundation Inc New York, NY | $1,291,425 | $11,020,609 |
Tortuga Foundation New York, NY | $110,168,381 | $33,186,414 |
The Joseph H Flom Foundation New York, NY | $6,836,169 | $3,314,736 |
The Applebaum Foundation Inc New York, NY | $229,643,281 | $16,929,047 |
Deutsche Bank Americas Foundation New York, NY | $38,867,163 | $11,020,529 |
Charles A Dana Fdn Inc New York, NY | $248,257,333 | $20,769,847 |
The Powder Mill Foundation York, PA | $147,181,195 | $3,651,780 |