Kenneth Noland Foundation
- Assets
- $9.9m
- Revenue
- $2.1m
- Investments
- $979.9k
- Employees
- 0
- Location
- Port Clyde, ME
- Founding
- 07/2010
- Data as of
- 12/2022
- EIN
- 26-2817642
Organization Overview
Kenneth Noland Foundation is located in Port Clyde, ME. The organization was established in 2010. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Kenneth Noland Foundation 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 12/2022, Kenneth Noland Foundation generated $2.1m in total revenue. All expenses for the organization totaled $178.3k during the year ending 12/2022. While expenses have increased by 6.1% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
A PRINCIPAL ACTIVITY OF THE FOUNDATION IS TO CIRCULATE WORKS OF ART ON A CONTINUING BASIS TO MUSEUMS FOR PUBLIC EXAMINATION AND DISPLAY, THE USE BY TEACHERS, SCHOLARS AND OTHERS FOR STUDY OF ART AND CULTURE, AND TO MAKE THE COLLECTION AND ARCHIVES ASSESSABLE FOR RESEARCH.THE FOUNDATION LENT KENNETH NOLAND'S UNTITLED, 1947, UNTITLED, 1950 AND STILL LIFE WITH FISH, 1950 TO THE EXHIBITION AMERICANS IN PARIS: ARTISTS WORKING IN POSTWAR FRANCE, 1946-1962. THE GREY ART GALLERY AT NEW YORK UNIVERSITY. THE SCHEDULE. OPENING IS OCTOBER 1, 2023- JULY 1, 2024. THE FOUNDATION RENEWED AN EXTENDED LOAN OF JULES OLITSKI, LOOSHA ONE, TO THE MUSEUM OF FINE ARTS HOUSTON FOR EXHIBITION PURPOSES THROUGH 2021.THE FOUNDATION EXTENDED ITS LOAN OF JACK BUSH, SUN SHOWER, N.D. TO THE MUSEUM OF FINE ARTS HOUSTON FOR EXHIBITION PURPOSES THROUGH 2021.THE FOUNDATION EXTENDED ITS LOAN OF TIM SCOTT, QUALI II TO THE ART GALLERY OF ALBERTA, EDMONTON, ALBERTA, CANADA, FOR EXHIBITION PURPOSES THROUGH 2021.
THE FOUNDATION MAINTAINS AN EXHIBITION SPACE IN PORT CLYDE, MAINE. IN ADDITION TO OUTGOING LOANS OF ARTWORK, THE FOUNDATION MOUNTS EXHIBITIONS FROM THE COLLECTION, WHICH INCLUDES WORKS BY KENNETH NOLAND AND HIS CONTEMPORARIES. THE FOUNDATION GALLERY IS OPEN TO THE PUBLIC AND FEATURED KENNETH NOLAND: THE GULLY YEARS AN EXHIBITION HIGHLIGHTING THE YEARS 1963-1978 WHEN NOLAND ESTABLISHED A HOME AND STUDIO IN SOUTH SHAFTSBURY, VERMONT KNOWN AS "THE GULLY", WHICH BECAME A SITE FOR PAINTING, DRAWING AND SCULPTURE FOR ARTISTS CONNECTED WITH NEARBY BENNINGTON COLLEGE. THE EXHIBITION INCLUDED WORKS BY JULES OLITSKI , HELEN FRANKENTHALER, CRITIC CLEMENT GREENBERG, SIR ANTHONY CARO, DAVID SMITH, LARRY POONS, ISAAC WITKIN, AND WILLIAM NOLAND AMONG OTHERS. THE EXHIBITION WILL BE ON DISPLAY UNTIL AUGUST OF 2023.
THE FOUNDATION CONTINUES WORK TO ASSURE THAT THE ARCHIVES, FINDING AIDS AND RESEARCH MATERIALS ARE CONTINUALLY ORGANIZED AND MAINTAINED IN A SCHOLAR FRIENDLY MANOR. THE FOUNDATION CONTINUES TO SERVE AS A RESOURCE TO THE LOCAL ART COMMUNITY AS A MODEL FACILITY FOR ARCHIVAL STORAGE, FIELDING TECHNICAL QUESTIONS REGARDING ARCHIVAL STORAGE SYSTEMS AND APPROACHES. THE FOUNDATION CONTINUES TO PARTICIPATE IN DISCUSSIONS AND WORKSHOPS WITH OF OTHER FOUNDATIONS AS ORGANIZED BY THE ASPEN INSTITUTETHE FOUNDATION CONTINUES WITH DISCUSSIONS WITH OTHER ARTIST-ENDOWED-FOUNDATIONS IN THE STATE OF MAINE.
FOUNDATION ASSISTED WITH MANY SCHOLARLY PUBLICATIONS AND RESEARCH ESSAYS IN 2022 INCLUDING: DEBRA BRICKER BALKEN AND LYNN GUMPERT, AMERICANS IN PARIS: ARTISTS WORKING IN POSTWAR FRANCE, 1946-1962. THE GREY ART GALLERY, NEW YORK UNIVERSITY. AMERICANS IN PARIS: ARTISTS WORKING IN POSTWAR FRANCE, 1946-1962. THE GREY ART GALLERY AT NEW YORK UNIVERSITY. THE FOUNDATION ASSISTED IN RESEARCH FOR THIS UPCOMING 296-PAGE ILLUSTRATED PUBLICATION TO ACCOMPANY THE EXHIBITION. THE FOUNDATION ASSISTED PACE GALLERY, NEW YORK AND LONDON IN CONDUCTING RESEARCH ON THE EXHIBITION HISTORY AND PROVENANCE FOR KENNETH NOLAND PAINTINGS TO BE INCLUDED IN THE EXHIBITION KENNETH NOLAND: STRIPES/FLARES/SHAPES, JANUARY 25 FEBRUARY 25, 2023.THE FOUNDATION ASSISTED WITH RESEARCH FOR THE EXHIBITION KENNETH NOLAND: CONTEXT IS THE KEY, PAINTINGS: 1958-1970. YARES GALLERY, NEW YORK, OCTOBER 9, 2021- JANUARY 22, 2022.THE FOUNDATION ASSISTED IN RESEARCH FOR THE RECREATION OF THE EXHIBITION THREE AMERICAN PAINTE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Noland Vice President/director | 2 | $0 | |
Victoria Woodhull President/chairperson/secretary | 8 | $0 | |
Candace Weir Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,033,410 |
| Interest on Savings | $1,162 |
| Dividends & Interest | $23,255 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $29,675 |
| Capital Gain Net Income | $29,675 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,173 |
| Total Revenue | $2,090,675 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,448 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $300 |
| Printing and publications | $0 |
| Other expenses | $97,074 |
| Total operating and administrative expenses | $178,314 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $178,314 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,962 |
| Savings and temporary cash investments | $584,353 |
| 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 | $1,569,009 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,698,630 |
| Total assets | $9,949,886 |
| 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 |