Constance Saltonstall Foundation For The Arts Inc
- Assets
- $7.3m
- Revenue
- $446.0k
- Investments
- $5.4m
- Employees
- 0
- Location
- Ithaca, NY
- Founding
- 07/1996
- Data as of
- 12/2023
- EIN
- 16-1481219
Organization Overview
Constance Saltonstall Foundation For The Arts Inc is located in Ithaca, NY. The organization was established in 1996. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Constance Saltonstall Foundation For The Arts 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 12/2023, Constance Saltonstall Foundation For The Arts Inc generated $446.0k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $387.8k during the year ending 12/2023. While expenses have increased by 4.0% per year over the past 9 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 2015, Constance Saltonstall Foundation For The Arts Inc has awarded 275 individual grants totaling $133,150. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CONSTANCE SALTONSTALL FOUNDATION FOR THE ARTS OPERATES AN ARTISTS' COLONY IN ITHACA, NY. EACH SUMMER, 25 VISUAL ARTISTS, PHOTOGRAPHERS AND WRITERS ARE SELECTED BY JURY TO SPEND EITHER 2 OR 4 WEEKS AT THE COLONY WORKING WITHOUT INTERRUPTION IN A PRIVATE STUDIO ENVIRONMENT WHICH ALLOWS MAXIMUM FOCUS ON THEIR WORK.
DURING REST OF THE YEAR SALTONSTALL'S FACILITIES ARE AVAILABLE TO LOCAL AND NEW YORK STATE BASED ARTISTS AND WRITERS AND TO PAST SALTONSTALL FELLOWS AND GRANT RECIPIENTS. THERE IS NO JURING INVOLVED. THERE IS NO APPLICATION PROCESS. IN ADDITION ARE PUBLIC SCHOOL TEACHERS WITH AN ACTIVE VISUAL ART OR WRITING PRACTICE ARE INVITED TO APPLY FOR USE OF THE FACILITIES AS AVAILABLE.
THE FOUNDATION ALSO OFFERS OPEN HOUSE EVENTS TO WHICH THE PUBLIC IS INVITED TO SEE AND HEAR THE WORK OF THE SUMMER AWARD WINNERS. OTHER PROGRAMS INCLUDE: LOCAL AND OFF-SITE READINGS BY SALTONSTALL ALUMNI IN THE SPRING AND FALL AND OCCASIONAL ALUMNI EXHIBITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Burkhart President | 1 | $0 | |
Katherine Howe Director | 1 | $0 | |
Norah Selig Director | 1 | $0 | |
Steven Kuusisto Director | 1 | $0 | |
Alice Saltonstall Director | 1 | $0 | |
Alex Chertok Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $71,664 |
| Interest on Savings | $83 |
| Dividends & Interest | $129,347 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $218,937 |
| Capital Gain Net Income | $218,937 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | -$1,088 |
| Other Income | $27,080 |
| Total Revenue | $446,023 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $93,639 |
| Other employee salaries and wages | $46,308 |
| Pension plans, employee benefits | $27,511 |
| Interest | $7,994 |
| Taxes | $0 |
| Depreciation | $62,865 |
| Occupancy | $36,138 |
| Travel, conferences, and meetings | $1,368 |
| Printing and publications | $451 |
| Other expenses | $62,760 |
| Total operating and administrative expenses | $364,753 |
| Contributions, gifts, grants paid | $23,000 |
| Total expenses and disbursements | $387,753 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,022 |
| Savings and temporary cash investments | $40,551 |
| 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 | $3,207 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,368,247 |
| Net Land, buildings, and equipment | $1,853,168 |
| Other assets | $8,000 |
| Total assets | $7,298,195 |
| Accounts payable and accrued expenses | $8,670 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $237,685 |
| Other liabilities | $0 |
| Total liabilities | $246,355 |
Grants Awarded
Over the last fiscal year, Constance Saltonstall Foundation For The Arts Inc has awarded $23,000 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
ALISON MCNULTY PURPOSE: STIPENDS | $1,200 |
ANDREA WENGLOWSKYJ PURPOSE: STIPENDS | $500 |
ANNA BARTEL PURPOSE: STIPENDS | $500 |
CAMILA SANTOS PURPOSE: STIPENDS | $200 |
BRIGITTA VARADI PURPOSE: STIPENDS | $100 |
CARL GRAUER PURPOSE: STIPENDS | $400 |