Akf Foundation For Culture And Environment
- Assets
- $233.1k
- Revenue
- $38.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Mt Vision, NY
- Founding
- 07/2009
- Data as of
- 08/2022
- EIN
- 26-3398852
Organization Overview
Akf Foundation For Culture And Environment is located in Mt Vision, NY. The organization was established in 2009. 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. Akf Foundation For Culture And Environment 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 08/2022, Akf Foundation For Culture And Environment generated $38.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.9% each year . All expenses for the organization totaled $43.3k during the year ending 08/2022. While expenses have increased by 26.8% per year over the past 6 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
HOSTED RESIDENCIES FOR 43 ARTISTS AND EDUCATORS (INCLUDING 2 VETERANS). AS OUR PROGRAM ALLOWS THE INCLUSION OF PARTNERS AND CHILDREN DURING THE RESIDENCY PERIOD, 3 ADDITIONAL ADULTS AND 2 CHILDREN WERE HOSTED. POST COVID, AS ARTISTS ARE TRYING TO RE FRAME THEIR LIVES AND CAREERS, MANY OF THE RESIDENCIES WERE TRUNCATED AND SCHEDULING WAS MORE COMPLICATED.
COLLABORATED WITH UPSTATE PRODUCTION SERVICES, WHOSE ART PROGRAM IS CALLED VISIONARY TO PRESENT ARTISTS AND INCREASE AUDIENCE ENGAGEMENT IN CENTRAL OTSEGO COUNTY. AS COVID RESTRICTIONS LIFTED, THE FALL PROGRAM WAS PRESENTED WITH FUNDING FROM A NYSCA REGRANT PROGRAM VIA EARLVILLE OPERA HOUSE. A SECOND GRANT WAS RECEIVED FOR PROGRAMMING IN JUNE 2022. VISIONARY WAS UNABLE TO OPEN AT THAT TIME AND THE PROGRAM DID NOT PROCEED. THE FUNDS FROM THE SECOND GRANT ARE BEING DEFERRED UNTIL THEIR APPROPRIATE UTILIZATION IS REDETERMINED.
MAINTAINED PROPERTY ACQUIRED FOR ENVIRONMENTAL CONSERVATION AND ECOLOGICAL SUSTAINABILITY.
CONTINUED AFFILIATION WITH THE ANTARCTIC ARTISTS AND WRITERS COLLABORATIVE. HOSTED A CONVENING OF THESE ARTISTS, ATTENDEES INCLUDED THE PROGRAM DIRECTOR FROM THE US ANTARCTIC PROGRAM AND NATIONAL SCIENCE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles E Steele Vp/treasurer | 0.5 | $0 | |
Dr Marion Terenzio Trustee | 0 | $0 | |
David Mcnamara Trustee | 0 | $0 | |
Karen A Shafer President | 10 | $0 | |
Ralph Bloom III Vp/secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,280 |
| Interest on Savings | $0 |
| Dividends & Interest | $60 |
| 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 | $12,860 |
| Total Revenue | $38,200 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,982 |
| Depreciation | $0 |
| Occupancy | $19,741 |
| Travel, conferences, and meetings | $370 |
| Printing and publications | $0 |
| Other expenses | $6,732 |
| Total operating and administrative expenses | $38,315 |
| Contributions, gifts, grants paid | $5,000 |
| Total expenses and disbursements | $43,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,267 |
| Savings and temporary cash investments | $100,605 |
| 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 | $123,200 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $233,072 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $79,880 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $79,880 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Akf Foundation For Culture And Environment has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
The O Grady Foundation Inc New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tippet Rise Foundation New York, NY | $46,097,612 | $11,599,378 |
Gerry Foundation Inc Liberty, NY | $111,892,284 | $11,122,515 |
Moise Y Safra Foundation Inc New York, NY | $57,760,218 | $6,334,851 |
Rockefeller Archive Center Sleepy Hollow, NY | $198,097,366 | $11,995,066 |
Black River Outdoor Education Program Inc Great Neck, NY | $0 | $235,026 |
Tiger Baron Foundation Inc New York, NY | $135,800,192 | $10,090,454 |
Institute For Aegean Prehistory New York, NY | $0 | $4,040,162 |
Birthright Israel North America Inc New York, NY | $2,756,137 | $5,688,766 |
Soros Economic Development Fund New York, NY | $190,503,205 | $61,273,314 |
Willem De Kooning Foundation New York, NY | $89,591,494 | $5,032,918 |
Stoneleigh Foundation Philadelphia, PA | $92,384,286 | $2,978,235 |
Planning And Art Resources For Communities Inc New York, NY | $52,479,102 | $4,125,701 |