David Hockney Foundation Inc
- Assets
- $225.5m
- Revenue
- $15.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 04/2010
- Data as of
- 12/2021
- EIN
- 26-2906501
Organization Overview
David Hockney Foundation Inc is located in Los Angeles, CA. The organization was established in 2010. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. David Hockney 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, David Hockney Foundation Inc generated $15.7m in total revenue. All expenses for the organization totaled $673.8k during the year ending 12/2021. While expenses have increased by 11.8% per year over the past 5 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES PUBLIC ACCESS TO THE ARTWORK OF DAVID HOCKNEY THROUGH ITS WEBSITE AND A LENDING PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edith Devaney Director/vp/secretary/cfo | 1 | $34,868 | |
Shannan Kelly Director | 0.5 | $27,252 | |
David Hockney President/ceo | 1 | $0 | |
Dagny Janss Corcoran Director | 0.5 | $0 | |
Jonathan Wilkinson Director | 0.5 | $0 | |
Douglas Baxter Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,717,725 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,717,725 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $62,120 |
| Other employee salaries and wages | $53,876 |
| Pension plans, employee benefits | $15,449 |
| Interest | $0 |
| Taxes | $11,041 |
| Depreciation | $12,851 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $10,244 |
| Printing and publications | $0 |
| Other expenses | $296,479 |
| Total operating and administrative expenses | $673,812 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $673,812 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,541,614 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $104,767 |
| Other assets | $206,864,670 |
| Total assets | $225,511,051 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Humanity United San Francisco, CA | $82,516,947 | $35,858,577 |
Public Policy Institute Of California San Francisco, CA | $340,951,909 | $34,836,055 |
Singleton Foundation For Financial Literacy And Entrepreneurship Burbank, CA | $5,023,733 | $12,067,602 |
Draper Richards Kaplan Foundation Menlo Park, CA | $54,158,347 | $29,356,238 |
Oprah Winfrey Leadership Academy Foundation Los Angeles, CA | $17,969,443 | $12,010,898 |
Wadhwani Operating Foundation Los Altos, CA | $0 | $65,339,394 |
Henry T Nicholas Education Foundation Inc Santa Ana, CA | $712,720 | $5,509,546 |
Chinese Character A Day Foundation Huntington Beach, CA | $0 | $31,765 |
Janie And Donald Friend Foundation San Francisco, CA | $0 | $1,186,592 |
Tomkat Ranch Educational Foundation Pescadero, CA | $1,784,473 | $4,660,042 |
Pacific Research Institute For Public Policy Pasadena, CA | $22,104,229 | $7,799,578 |
Ionetix Ppe Foundation San Francisco, CA | $0 | $4,350,988 |