Richard Avedon Foundation
- Assets
- $47.3m
- Revenue
- $1.7m
- Investments
- $13.1m
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/2004
- Data as of
- 05/2022
- EIN
- 20-1275443
Organization Overview
Richard Avedon Foundation is located in New York, NY. The organization was established in 2004. 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. Richard Avedon Foundation 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, Richard Avedon Foundation generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (22.4%) each year. All expenses for the organization totaled $2.4m during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (17.1%) per year over the past 4 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVATION, PROTECTION, DIGITIZATION AND DISPLAY OF RICHARD AVEDON PHOTOGRAPHS
EXHIBITION AND DISPLAY OF RICHARD AVEDON PHOTOGRAPHS
PREPARATION OF VARIOUS BOOKS AND CATALOGUES OF RICHARD AVEDON PHOTOGRAPHS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Avedon Ceo/director | 40 | $366,346 | |
James Martin Executive Director | 40 | $278,462 | |
John Avedon Chairman/director | 26 | $119,615 | |
Erin Harris Rights And Use Manag | 40 | $94,231 | |
Matthew Avedon Director Of Operatio | 40 | $68,654 | |
Caroline Avedon Digitizer | 40 | $42,763 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gagosian Gallery | 5/30/22 | $161,000 |
Pacemacgill Gallery | 5/30/22 | $19,950 |
Staley-wise | 5/30/22 | $92,500 |
Hamiltons Gallery | 5/30/22 | $165,375 |
Fraenkel Gallery | 5/30/22 | $68,828 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,478 |
| Dividends & Interest | $272,245 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,313,446 |
| Capital Gain Net Income | $1,313,446 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $123,138 |
| Total Revenue | $1,711,307 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $814,423 |
| Other employee salaries and wages | $205,647 |
| Pension plans, employee benefits | $203,261 |
| Interest | $252 |
| Taxes | $243,802 |
| Depreciation | $330,261 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $17,511 |
| Printing and publications | $400 |
| Other expenses | $332,965 |
| Total operating and administrative expenses | $2,403,768 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $2,413,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,982,451 |
| Savings and temporary cash investments | $0 |
| 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 | $4,003 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $694,721 |
| Net Land, buildings, and equipment | $8,364,546 |
| Other assets | $20,843,919 |
| Total assets | $47,282,977 |
| Accounts payable and accrued expenses | $40,573 |
| 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 | $40,573 |
Grants Awarded
Over the last fiscal year, Richard Avedon Foundation has awarded $100,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Bronx, NY PURPOSE: ART PROGRAM | $50,000 |
Pine Ridge, SD PURPOSE: FUNDRAISING | $20,000 |
WORLD CENTRAL KITCHEN PURPOSE: FUNDRAISING | $10,000 |
New York, NY PURPOSE: FUNDRAISING | $10,000 |
FEEDING AMERICA PURPOSE: FUNDRAISING | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |