New York Foundation For The Arts Inc

Organization Overview

New York Foundation For The Arts Inc, operating under the name Nyfa, is located in New York, NY. The organization was established in 1994. 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. As of 06/2022, Nyfa employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nyfa 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 06/2022, Nyfa generated $30.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.2% each year . All expenses for the organization totaled $28.2m during the year ending 06/2022. While expenses have increased by 18.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Nyfa has awarded 99 individual grants totaling $4,465,730. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO EMPOWER ARTISTS AT CRITICAL STAGES IN THEIR CREATIVE LIVES

Describe the Organization's Program Activity:

Part 3 - Line 4a

CITY ARTISTS CORP. GRANTS: THIS CITY ARTIST CORP. GRANT WAS A ONE TIME GRANT PROGRAM FUNDED BY THE CITY OF NEW YORK AND ADMINISTERED BY NYFA. THE PROGRAM PROVIDED GRANTS OF UP TO $5,000 TO ARTISTS LIVING IN THE CITY OF NEW YORK. THESE GRANTS WERE PROVIDED AS AN EFFORT TO STIMULATE THE ECONOMY, IMPACTED BY COVID-19, SPECIFICALLY IN THE ARTS AND CULTURE SECTOR OF NEW YORK CITY.


OTHER PROGRAMS: OTHER PROGRAMS PROVIDED BY THE FOUNDATION INCLUDE ARTIST FELLOWSHIPS, ONLINE RESOURCES, NYFA LEARNING, AND THE ROBERT RAUSCHENBERG ARTIST EMERGENCY RELIEF GRANTS.


FISCAL SPONSORSHIPS: SINCE 1976, NYFA HAS PROVIDED FISCAL SPONSORHIPS TO INDIVIDUAL ARTISTS AND EMERGING ORGANIZATIONS, MAKING IT THE OLDEST PROGRAM OF ITS KIND IN THE COUNTRY. IT MAKES IT POSSIBLE FOR INDIVIDUALS AND ORGANIZATIONS WITHOUT NOT-FOR-PROFIT STATUS TO RAISE FUNDS FOR UPCOMINGS FILMS, THEATRICAL PERFORMANCES, ART INSTALLATIONS AND OTHER PROJECTS.


NYC MADE IN NY WOMEN'S FILM: THE NYC WOMEN'S FUND FOR MEDIA, MUSIC AND THEATRE ("WOMEN'S FUND"), ADMINISTERED BY THE NEW YORK FOUNDATION FOR THE ARTS (NYFA) IN PARTNERSHIP WITH THE CITY OF NEW YORK MAYOR'S OFFICE OF MEDIA AND ENTERTAINMENT (MOME), IS PART OF A GROUNDBREAKING SERIES OF INITIATIVES THAT ADDRESS THE UNDERREPRESENTATION OF WOMEN IN FILM, MUSIC, TELEVISION AND THEATRE. THE FUND PROVIDES GRANTS TO ENCOURAGE AND SUPPORT THE CREATION OF CONTENT THAT REFLECT THE VOICES AND PERSPECTIVES OF ALL WHO IDENTIFY AS WOMEN.


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Board, Officers & Key Employees

Name (title)Compensation
Marc J Jason
Chair
$0
J Wesley Mcdade
Vice Chair
$0
J Whitney Stevens
Secretary
$0
Lorin Gu
Treasurer
$0
Judith K Brodsky
Past Immediate Chair
$0
Joe Baker
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$55,614
Related organizations$0
Government grants $19,042,113
All other contributions, gifts, grants, and similar amounts not included above$9,031,202
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$28,128,929
Total Program Service Revenue$2,372,011
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $33,895
Net Gain/Loss on Asset Sales $21,297
Net Income from Fundraising Events $52,208
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $30,608,340

Grants Awarded

Over the last fiscal year, New York Foundation For The Arts Inc has awarded $1,191,254 in support to 11 organizations.

Grant RecipientAmount

CUBAN ARTIST FUND

PURPOSE: FISCAL SPONSORSHIP TO ALLOW EMERGING ARTS ORGANIZATIONS TO FUNDRAISE UNDER NYFA AND ACCOMPLISH THEIR ART PROJECTS

$107,253

LENAPE CENTER

PURPOSE: FISCAL SPONSORSHIP TO ALLOW EMERGING ARTS ORGANIZATIONS TO FUNDRAISE UNDER NYFA AND ACCOMPLISH THEIR ART PROJECTS

$366,109

YOUTH ARTS NEW YORK

PURPOSE: FISCAL SPONSORSHIP TO ALLOW EMERGING ARTS ORGANIZATIONS TO FUNDRAISE UNDER NYFA AND ACCOMPLISH THEIR ART PROJECTS

$12,046

AFGHANCULTURE MUSEUM FOUNDATION

PURPOSE: FISCAL SPONSORSHIP TO ALLOW EMERGING ARTS ORGANIZATIONS TO FUNDRAISE UNDER NYFA AND ACCOMPLISH THEIR ART PROJECTS

$5,218

PARTHENIA

PURPOSE: FISCAL SPONSORSHIP TO ALLOW EMERGING ARTS ORGANIZATIONS TO FUNDRAISE UNDER NYFA AND ACCOMPLISH THEIR ART PROJECTS

$90,105

MINERVA FOUNDATION FOR FIGURE DRAWING

PURPOSE: FISCAL SPONSORSHIP TO ALLOW EMERGING ARTS ORGANIZATIONS TO FUNDRAISE UNDER NYFA AND ACCOMPLISH THEIR ART PROJECTS

$28,619
View Grant Profile

Peer Organizations

Organization NameAssets
New York Foundation For The Arts Inc
New York, NY
$30,608,340
Democracy Prep Public Schools
New York, NY
$21,062,135
Liz Claiborne & Art Ortenberg Foundation
New York, NY
$4,169,306
Theatre Development Fund Inc
New York, NY
$12,739,705
New England Foundation For The Arts Inc
Boston, MA
$6,163,384
Moving Picture Institute
New York, NY
$11,365,614
Pseg Foundation Inc
Newark, NJ
$2,159,799
Performance Zone Inc
New York, NY
$5,780,066
United Way Of Lancaster County
Lancaster, PA
$6,725,538
Town Hall Foundation Inc
New York, NY
$6,384,160
Art Of Problem Solving Initiative Inc
New York, NY
$7,630,346
Music Performance Trust Fund
New York, NY
$5,946,878
Public Art Fund Inc
New York, NY
$4,219,910
Map Fund Inc
New York, NY
$2,092,529
The Cloud Artscience Foundation
Somerville, MA
$1,371,443
Slomo And Cindy Silvian Foundation Inc
Melville, NY
$3,001,086
Philadelphia Cultural Fund Inc
Philadelphia, PA
$3,557,829
American Theatre Wing Inc
New York, NY
$3,691,697
Aba Pathways Inc
Monroe, NY
$2,786,453
America-Israel Cultural Foundation Inc
New York, NY
$2,156,160
Jerome Robbins Foundation
New York, NY
$1,299,865
American Friends Of The Art Fund
New York, NY
$326,864
Milton And Sally Avery Arts Foundation Inc
New York, NY
$501,718
Silver Mountain Foundation For The Arts
Morristown, NJ
$1,512,775
Cultural Alliance Of York County
York, PA
$1,683,542

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