Jean & Julien Levy Foundation For The Arts Inc
- Assets
- $1.2m
- Revenue
- $45.2k
- Investments
- $929.0k
- Employees
- 0
- Location
- Newtown, CT
- Founding
- 12/1985
- Data as of
- 05/2024
- EIN
- 22-2647001
Organization Overview
Jean & Julien Levy Foundation For The Arts Inc is located in Newtown, CT. The organization was established in 1985. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, 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. Jean & Julien Levy 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 05/2024, Jean & Julien Levy Foundation For The Arts Inc generated $45.2k 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 (23.2%) each year. All expenses for the organization totaled $316.6k during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Jean & Julien Levy Foundation For The Arts Inc has awarded 14 individual grants totaling $183,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John R Farron Trustee | 0.25 | $0 | |
Miles Borzilleri Trustee, Treasurer | 0.5 | $0 | |
Marie Difilippantonio Secretary | 40 | $60,060 | |
Eric W Strom Chairman Of The Board | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,919 |
| Dividends & Interest | $33,909 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,363 |
| Capital Gain Net Income | $8,363 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $45,191 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,060 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $20,000 |
| Interest | $0 |
| Taxes | $1,004 |
| Depreciation | $172 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $133,887 |
| Total operating and administrative expenses | $237,097 |
| Contributions, gifts, grants paid | $79,500 |
| Total expenses and disbursements | $316,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,211 |
| Savings and temporary cash investments | $220,629 |
| 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 | $62,239 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,500 |
| Total assets | $1,157,301 |
| 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 | $52 |
| Total liabilities | $52 |
Grants Awarded
Over the last fiscal year, Jean & Julien Levy Foundation For The Arts Inc has awarded $79,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
AFTER SCHOOL ARTS PROGRAM PURPOSE: ARTIST FEES FOR WORKSHOPS & FIELD TRIPS,SUPPLIES & TRANSPORTATION | $21,000 |
LITCHFIELD PERFORMING ARTS INC PURPOSE: SUPPORT JAZZ CAMPS | $9,000 |
PILOBOLUS EDUCATION FUND PURPOSE: SUPPORT,PRESERVATION & GROWTH OF THE EDUCATIONAL INITIATIVES | $17,000 |
NEW YORK FOUNDATION FOR THE ARTS PURPOSE: SUPPORT, & GROWTH FOR THE CREATIVE COMMUNITY | $2,500 |
IVY TECH FOUNDATION PURPOSE: FUNDING FOR SUPPLIES, & EQUIPMENT | $30,000 |