The Josef And Anni Albers Foundation Inc
- Assets
- $32.1m
- Revenue
- $7.5m
- Investments
- $16.1m
- Employees
- 0
- Location
- Bethany, CT
- Founding
- 01/1972
- Data as of
- 12/2021
- EIN
- 23-7104223
Organization Overview
The Josef And Anni Albers Foundation Inc is located in Bethany, CT. The organization was established in 1972. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, 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. Josef And Anni Albers Foundation 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, Josef And Anni Albers Foundation Inc generated $7.5m 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 (3.1%) each year. All expenses for the organization totaled $8.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Josef And Anni Albers Foundation Inc has awarded 45 individual grants totaling $4,113,667. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSERVATION AND PRESERVATION OF ART AND ARCHIVAL MATERIALS. CONSERVATION, PRESERVATION AND SCHOLARLY RESEARCH AND STUDY OF ART, INCLUDING: WORKS ON GLASS BY THE LATE JOSEF ALBERS AS WELL AS OIL PAINTINGS, DRAWINGS, PHOTOGRAPHS, PHOTO-COLLAGES, AND PRINTS BY HIM; WEAVINGS, TEXTILE MATERIALS, DRAWINGS, AND PRINTS BY THE LATE ANNI ALBERS; WORK BY JOSEF ALBERS'S COLLEAGUES AND STUDENTS, INCLUDING ORIGINAL MATERIALS USED FOR HIS 1962 PUBLICATION INTERACTION OF COLOR. MANAGEMENT OF ARCHIVES CONSISTING OF WRITINGS BY AND ABOUT BOTH ARTISTS, PHOTOGRAPHS, EXHIBITION CATALOGUES AND OTHER RELATED MATERIALS.
EXHIBITIONS. PREPARATION AND ORGANIZATION OF VARIOUS EXHIBITIONS OF ART BY JOSEF ALBERS AND ANNI ALBERS: (1) WORK IN PREPARATION AND PRESENTATION OF THE MAJOR RETROSPECTIVE OF ANNI AND JOSEF ALBERS'S ART WHICH OPENED IN SEPTEMBER ART THAT WILL OPEN IN 2021 AT THE MUSE D'ART MODERNE DE LA VILLE DE PARIS; (2) WORK ON DOCUMENTARY FILMS, MEDIA INTERVIEWS, AND EDUCATIONAL PROGRAMS RELATED TO THIS EXHIBITION; (3) DISCUSSIONS IN PREPARATION FOR THE TRAVEL OF THIS SHOW, TO THE MUSEUM OF MODERN ART IN VALENCIA, SPAIN; (4) PREPARATION FOR THE EXHIBITION OF ANNI AND JOSEF ALBERS'S ART IN THE KUNSTMUSEUM DEN HAAG IN THE NETHERLANDS; (5) WORK RELATING TO LOANS OF WORK FROM THE ALBERS FOUNDATION AS WELL AS FROM PUBLIC INSTITUTIONS, TO VARIOUS EXHIBITIONS WORLDWIDE; (6) EXPLORATION OF POSSIBLE EXHIBITIONS IN ASIA AND LATIN AMERICA AND RUSSIA; (7) WORK IN PREPARATION FOR A RANGE OF PUBLICATIONS CONCERNING THE ART OF BOTH JOSEF AND ANNI ALBERS; ....
MISCELLANEOUS ACTIVITIES. (1) SUPPORT OF THE TEACHING OF ART TO DISADVANTAGED CHILDREN AND OTHER AUDIENCES, INCLUDING THE DEVELOPMENT OF "ALBERS FOR KIDS;" (2) MANAGEMENT OF A VISITING ARTIST PROGRAM IN OUR RESIDENTIAL STUDIOS IN CONNECTICUT, SENEGAL, AND IRELAND; (3) WORK ON A RANGE OF OTHER PUBLICATIONS, INCLUDING A BIOGRAPHY OF THE ALBERSES' FRIEND AND COLLEAGUE PIET MONDRIAN; (4) CONTINUED DEVELOPMENT OF FACILITIES IDEAL FOR THE PRESERVATION OF OUR COLLECTION, MAINTENANCE OF OUR ARCHIVES, AND EXPANSION OF OUR EDUCATIONAL ACTIVITIES, ETC. AT OUR HEADQUARTERS IN BETHANY, CONNECTICUT; (5) FURTHER RESEARCH ON THE WORK OF ANNI AND JOSEF ALBERS IN PREPARATION FOR LECTURES IN THE US AND EUROPE; (6) CONTINUED SUPPORT OF ARTS-RELATED PROGRAMS FOR VARIOUS NON-PROFIT ORGANIZATIONS; (7) CONTINUED DIGITIZATION OF OUR COLLECTIONS CATALOGUE; (8) CONTINUED EXPLORATION OF DEVELOPMENT POSSIBILITIES IN OUR CAPACITY AS A TEACHING AND RESEARCH INSTITUTION; ....
ACTIVITIES IN SENEGAL. (1) RUNNING OF A MULTI-PURPOSE CULTURAL CENTER IN SENEGAL; (2) EDUCATIONAL OUTREACH IN RURAL VILLAGES IN THAT COUNTRY AND ELSEWHERE IN SUB-SAHARAN AFRICA; (3) DEVELOPMENT OF HOSPITAL BUILDINGS AND HEALTH CENTERS IN DAKAR AS WELL AS MORE RURAL REGIONS; (4) EXPLORATION OF POSSIBILITIES FOR A NEW MUSEUM FOR THE PRESENTATION OF ANCIENT AND CONTEMPORARY AFRICAN ART AS WELL AS WORK BY ANNI AND JOSEF ALBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas Weber Exec Director | 40 | $421,973 | |
Brenda Danilowitz Chief Curator | 40 | $247,063 | |
Anne Sisco Office Manager | 40 | $200,000 | |
Allegra N Itsoga Program Director | 40 | $191,336 | |
Jeanette Redensek Researcher | 40 | $160,000 | |
Andrew Seguin Asst Program Directo | 40 | $155,625 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Edouard Detaille | 12/30/21 | $421,986 |
Mathias Octavio Persson | 12/30/21 | $108,000 |
Bernard Corfa | 12/30/21 | $108,000 |
Josh Slocum | 12/30/21 | $80,646 |
Willem Van Roij | 12/30/21 | $69,315 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,600 |
| Interest on Savings | $0 |
| Dividends & Interest | $341,246 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,917,412 |
| Capital Gain Net Income | $470,721 |
| Net ST Capital Gain | $215,962 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $24,958 |
| Other Income | $235,612 |
| Total Revenue | $7,525,828 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $421,973 |
| Other employee salaries and wages | $1,956,864 |
| Pension plans, employee benefits | $687,946 |
| Interest | $0 |
| Taxes | $171,985 |
| Depreciation | $140,747 |
| Occupancy | $376,493 |
| Travel, conferences, and meetings | $75,651 |
| Printing and publications | $17,396 |
| Other expenses | $1,752,694 |
| Total operating and administrative expenses | $6,456,608 |
| Contributions, gifts, grants paid | $1,716,986 |
| Total expenses and disbursements | $8,173,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,693,013 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $181,736 |
| 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 | $2,029 |
| Prepaid expenses and deferred charges | $52,186 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $16,054,612 |
| Net Land, buildings, and equipment | $3,619,972 |
| Other assets | $10,511,509 |
| Total assets | $32,115,057 |
| Accounts payable and accrued expenses | $432,581 |
| 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 | $432,581 |
Grants Awarded
Over the last fiscal year, The Josef And Anni Albers Foundation Inc has awarded $1,716,986 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
Bethany, CT PURPOSE: GENERAL DONATION | $1,461,493 |
New York, NY PURPOSE: SCHOLARSHIPS | $50,000 |
LOOMIS CHAFFEE SCHOOL PURPOSE: GENERAL DONATION FOR $30,000 AND ART SUPPLIES FOR $5,000GENEAL DONATIONGENERAL DONATION | $35,000 |
LONG WHARF THEATRE PURPOSE: GENERAL DONATION | $35,000 |
New York, NY PURPOSE: GENERAL DONATION | $30,000 |
New York, NY PURPOSE: ART DONATION | $27,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Josef And Anni Albers Foundation Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Indian Trail Charitable Foundation Inc New York, NY PURPOSE: GENERAL PURPOSE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Preservation Society Of Newport County Newport, RI | $83,597,126 | $27,874,827 |
Friends Of The High Line Inc New York, NY | $106,621,000 | $20,114,000 |
World Monuments Fund Inc New York, NY | $56,711,356 | $20,259,179 |
Historic Hudson Valley Pocantico Hills, NY | $88,361,473 | $19,006,453 |
New England Historic Genealogical Society Inc Boston, MA | $58,526,477 | $13,569,592 |
Connecticut Trust For Historic Preservation Hamden, CT | $2,880,357 | $12,511,714 |
The Fort Ticonderoga Association Inc Ticonderoga, NY | $22,583,346 | $10,084,437 |
The Josef And Anni Albers Foundation Inc Bethany, CT | $32,115,057 | $7,525,828 |
Massachusetts Historical Society Boston, MA | $153,195,244 | $13,508,822 |
Statue Of Liberty Ellis Island Foundation Inc New York, NY | $69,211,443 | $8,809,212 |
Edward M Kennedy Institute For The United States Senate Inc Boston, MA | $123,530,650 | $3,733,081 |
Nantucket Historical Association Nantucket, MA | $54,222,410 | $8,695,480 |