Meserve-Kunhardt Foundation Inc
- Assets
- $22.2m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 5
- Location
- Pleasantville, NY
- Founding
- 05/2006
- Data as of
- 12/2022
- EIN
- 20-2412662
Organization Overview
Meserve-Kunhardt Foundation Inc, operating under the name The Gordon Parks Foundation, is located in Pleasantville, NY. The organization was established in 2006. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Gordon Parks Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gordon Parks 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 12/2022, Gordon Parks Foundation generated $6.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $3.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Gordon Parks Foundation has awarded 23 individual grants totaling $176,000. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION PERMANENTLY PRESERVES THE WORK OF GORDON PARKS, MAKES IT AVAILABLE TO THE PUBLIC THROUGH EXHIBITIONS, BOOKS AND ELECTRONIC MEDIA, AND SUPPORTS ARTISTIC AND EDUCATIONAL ACTIVITIES THAT ADVANCE WHAT PARKS DESCRIBED AS "THE COMMON SEARCH FOR A BETTER LIFE AND A BETTER WORLD ." THE FOUNDATION'S EXHIBITION SPACE PRESENTS EXHIBITIONS ON GORDON PARKS AND OTHER ARTISTS WORKING WITHIN THE THEMES OF SOCIAL JUSTICE, AS PART OF THE FOUNDATION'S COMMITMENT TO EDUCATING THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION COLLABORATES WITH MUSEUMS THROUGHOUT THE WORLD TO PRODUCE FOCUSED EXHIBITIONS ON PARKS' WORKS AND PUBLISHES BOOKS. IN ADDITION, THE FOUNDATION CONTINUES TO CATALOGUE AND PRESERVE THE WORK OF GORDON PARKS.
THE FOUNDATION PROVIDES SCHOLARSHIP GRANTS TO STUDENTS FROM PARTNER INSTITUTIONS AND FELLOWSHIP GRANTS TO PROMISING PHOTOGRAPHERS, FILMMAKERS, VISUAL ARTISTS, WRITERS AND MUSICIANS WORKING WITHIN THE THEMES OF SOCIAL JUSTICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lewis J Hart III Director | Trustee | 0 | $0 |
Peter W Kunhardt Director | Trustee | 0 | $0 |
Peter W Kunhardt Jr Executive Director | OfficerTrustee | 40 | $402,500 |
Diana Revson Director | Trustee | 0 | $0 |
Alexander Soros Director | Trustee | 0 | $0 |
Mario Sprouse Director | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marisa Cardinale Photo Sales And Consulting | 12/30/22 | $261,017 |
Cipriani Usa Catering And Related Goods And Services | 12/30/22 | $117,968 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,107,275 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $769,098 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,876,373 |
| Total Program Service Revenue | $3,050,926 |
| Investment income | $331,962 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $101,186 |
| Net Rental Income | $46,550 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$103,463 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,303,534 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $68,500 |
| Grants and other assistance to domestic individuals. | $75,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $558,500 |
| Compensation of current officers, directors, key employees. | $139,625 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $224,692 |
| Pension plan accruals and contributions | $20,824 |
| Other employee benefits | $75,669 |
| Payroll taxes | $42,582 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,770 |
| Fees for services: Accounting | $45,857 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,200 |
| Advertising and promotion | $0 |
| Office expenses | $53,833 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $76,928 |
| Travel | $39,638 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $75,773 |
| Insurance | $42,127 |
| All other expenses | $0 |
| Total functional expenses | $2,981,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $554,927 |
| Savings and temporary cash investments | $122,346 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $112,000 |
| Net Land, buildings, and equipment | $2,597,270 |
| Investments—publicly traded securities | $18,783,575 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $575 |
| Total assets | $22,170,693 |
| Accounts payable and accrued expenses | $17,158 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,000 |
| Total liabilities | $21,158 |
| Net assets without donor restrictions | $10,763,298 |
| Net assets with donor restrictions | $11,386,237 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $22,170,693 |
Grants Awarded
Over the last fiscal year, Meserve-Kunhardt Foundation Inc has awarded $68,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL YOUNGARTS FOUNDATION PURPOSE: SCHOLARSHIPS | $7,500 |
THE GHETTO FILM SCHOOL PURPOSE: SCHOLARSHIPS | $7,500 |
FASHION INSTITUTE OF TECHNOLOGY PURPOSE: SCHOLARSHIPS | $7,500 |
THE PURCHASE COLLEGE FOUNDATION PURPOSE: SCHOLARSHIPS | $7,500 |
NEW YORK UNIVERSITY - TISCH SCHOOL OF THE ARTS PURPOSE: SCHOLARSHIPS | $12,500 |
PRATT INSTITUTE PURPOSE: SCHOLARSHIPS | $7,500 |