New York Foundation For The Arts Inc
- Assets
- $12.3m
- Revenue
- $30.6m
- Investments
- $0.0
- Employees
- 36
- Location
- New York, NY
- Founding
- 07/1994
- Data as of
- 06/2022
- EIN
- 23-7129564
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.
Form
990
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc J Jason Chair | OfficerTrustee | 5 | $0 |
J Wesley Mcdade Vice Chair | OfficerTrustee | 5 | $0 |
J Whitney Stevens Secretary | OfficerTrustee | 5 | $0 |
Lorin Gu Treasurer | OfficerTrustee | 2 | $0 |
Judith K Brodsky Past Immediate Chair | Trustee | 2 | $0 |
Joe Baker Board Member | Trustee | 2 | $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 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,191,254 |
| Grants and other assistance to domestic individuals. | $23,133,232 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $610,759 |
| Compensation of current officers, directors, key employees. | $280,779 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,494,679 |
| Pension plan accruals and contributions | $23,435 |
| Other employee benefits | $191,425 |
| Payroll taxes | $147,271 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $40,123 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $372,021 |
| Advertising and promotion | $5,417 |
| Office expenses | $314,615 |
| Information technology | $97,523 |
| Royalties | $0 |
| Occupancy | $337,447 |
| Travel | $24,933 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $87,965 |
| Insurance | $12,153 |
| All other expenses | $6,711 |
| Total functional expenses | $28,190,863 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,909,962 |
| Savings and temporary cash investments | $2,557,538 |
| Pledges and grants receivable | $302,612 |
| Accounts receivable, net | $28,647 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $52,283 |
| Net Land, buildings, and equipment | $69,963 |
| Investments—publicly traded securities | $2,456,370 |
| Investments—other securities | $0 |
| Investments—program-related | $868,384 |
| Intangible assets | $0 |
| Other assets | $6,192 |
| Total assets | $12,251,951 |
| Accounts payable and accrued expenses | $187,633 |
| Grants payable | $0 |
| Deferred revenue | $2,545,304 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,393,354 |
| Total liabilities | $4,126,291 |
| Net assets without donor restrictions | $2,518,381 |
| Net assets with donor restrictions | $5,607,279 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,251,951 |
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 Recipient | Amount |
|---|---|
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 |