Cruz-Diez Foundation
- Assets
- $28.6m
- Revenue
- $26.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Harrison, NY
- Founding
- 06/2008
- Data as of
- 12/2022
- EIN
- 20-4405884
Organization Overview
Cruz-Diez Foundation is located in Harrison, NY. The organization was established in 2008. 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. Cruz-Diez 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, Cruz-Diez Foundation generated $26.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (25.5%) each year. All expenses for the organization totaled $677.7k during the year ending 12/2022. 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
DURING 2022, THE CRUZ-DIEZ FOUNDATION PROMOTED THE WORK OF CARLOS CRUZ-DIEZ. THE FOUNDATION LOANED ARTWORK FROM ITS COLLECTION TO SEVERAL EXHIBITS WORLDWIDE AND PROVIDED EDUCATIONAL ACTIVITIES AND PROFESSIONAL SUPPORT TO INSTITUTIONS PRESENTING THE WORK OF ARTIST TO ENSURE ALL INFORMATION RELATED TO CARLOS CRUZ-DIEZ WAS ACCURATE. THESE EXHIBITS WELCOMED THOUSANDS OF VISITORS. ADDITIONALLY, THE FOUNDATION CONDUCTED RESEARCH ON THE WORK OF THE ARTIST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adriana Cruz Director, President | 40 | $0 | |
David Ayers Director, Secretary | 0.5 | $0 | |
Luis Benshimol Director | 0.5 | $0 | |
Brad Bucher Director | 0.5 | $0 | |
Luis Campos Director | 0.5 | $0 | |
Gabriel Cruz Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $168 |
| 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 | $26,106 |
| Total Revenue | $26,274 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $176,215 |
| Pension plans, employee benefits | $70,951 |
| Interest | $0 |
| Taxes | $337 |
| Depreciation | $143,717 |
| Occupancy | $24,011 |
| Travel, conferences, and meetings | $622 |
| Printing and publications | $6,732 |
| Other expenses | $212,447 |
| Total operating and administrative expenses | $676,678 |
| Contributions, gifts, grants paid | $1,000 |
| Total expenses and disbursements | $677,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,530 |
| Savings and temporary cash investments | $269,187 |
| 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 | $131,757 |
| Prepaid expenses and deferred charges | $168,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $27,961,217 |
| Total assets | $28,552,691 |
| 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 | $0 |
| Total liabilities | $0 |