The Bellis Blauvelt-Demarest Foundations Inc
- Assets
- $7.7m
- Revenue
- $1.3m
- Investments
- $5.7m
- Employees
- 0
- Location
- Bedminster, NJ
- Founding
- 11/1976
- Data as of
- 12/2021
- EIN
- 22-1999877
Organization Overview
The Bellis Blauvelt-Demarest Foundations Inc is located in Bedminster, NJ. The organization was established in 1976. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bellis Blauvelt-Demarest Foundations 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, Bellis Blauvelt-Demarest Foundations Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $5.6m during the year ending 12/2021. 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
SUPPORT FOR THE HIRAM BLAUVELT ART MUSEUM AND THE DEMAREST HOUSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James L Bellis Jr President/treasurer | 2 | $36,559 | |
Blair B Judson Trustee | 2 | $35,750 | |
Martha B Gregg Secretary | 2 | $35,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $218,553 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,033,574 |
| Capital Gain Net Income | $1,033,574 |
| Net ST Capital Gain | $884,022 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $11,943 |
| Other Income | $0 |
| Total Revenue | $1,264,070 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $108,059 |
| Other employee salaries and wages | $67,329 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $54,191 |
| Depreciation | $27,200 |
| Occupancy | $72,839 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,140,207 |
| Total operating and administrative expenses | $5,643,412 |
| Contributions, gifts, grants paid | $4,025 |
| Total expenses and disbursements | $5,647,437 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,978 |
| Savings and temporary cash investments | $183,200 |
| 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 | $25,000 |
| Net Land, buildings, and equipment | $378,923 |
| Other assets | $1,376,360 |
| Total assets | $7,657,281 |
| 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 |
Grants Awarded
Over the last fiscal year, The Bellis Blauvelt-Demarest Foundations Inc has awarded $107,865 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BOROUGH OF NEW MILFORD PURPOSE: OLD BURIAL GROUND GIVEN TO TOWN FOR SAFEKEEPINGBOOK VALUE $0FMV $100,000DATE OF GIFT 7/3/2018 | $100,000 |
VARIOUS PROVIDED UPON REQUEST PURPOSE: UNRESTRICTED GENERAL USE | $7,865 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Buffalo Fine Arts Academy Buffalo, NY | $293,134,468 | $30,844,940 |
New Museum Of Contemporary Art New York, NY | $107,362,095 | $41,908,538 |
Museum Of Arts And Design New York, NY | $100,702,289 | $12,680,439 |
Neue Galerie New York New York, NY | $114,494,920 | $18,242 |
International Center Of Photography New York, NY | $72,245,409 | $16,287,723 |
Doris Duke Foundation For Islamic Art New York, NY | $38,632,422 | $9,089,054 |
Storm King Art Center New Windsor, NY | $80,583,864 | $14,230,209 |
Fellowship For The Performing Arts Inc New York, NY | $15,555,732 | $10,766,818 |
Ps1 Contemporary Art Center Inc Long Island City, NY | $7,393,924 | $9,638,266 |
Isamu Noguchi Foundation And Garden Museum Long Island City, NY | $75,386,214 | $11,184,586 |
Frick Art & Historical Center Inc Pittsburgh, PA | $114,709,586 | $11,420,206 |
Poster House Inc New York, NY | $11,000,245 | $5,591,226 |