Taubman Foundation For The Arts
- Assets
- $12.9m
- Revenue
- $12.7m
- Investments
- $12.7m
- Employees
- 0
- Location
- Roanoke, VA
- Founding
- 11/2010
- Data as of
- 12/2023
- EIN
- 27-3136632
Organization Overview
Taubman Foundation For The Arts is located in Roanoke, VA. The organization was established in 2010. According to its NTEE Classification (T30) the organization is classified as: Public 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. Taubman Foundation For The Arts 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 12/2023, Taubman Foundation For The Arts generated $12.7m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 68.5% each year . All expenses for the organization totaled $7.4m during the year ending 12/2023. While expenses have increased by 49.6% per year over the past 9 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 2014, Taubman Foundation For The Arts has awarded 137 individual grants totaling $60,091,904. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas F Taubman President, Sec, Treas | 1 | $0 | |
Eugenia L Taubman Vp, Asst Sec, Director | 1 | $0 | |
John G Rocovich Jr Asst Treas, Director | 1 | $0 | |
Dennis A Barbour Asst Treas, Director | 1 | $0 | |
Marc E Taubman Director | 1 | $0 | |
Lara L Taubman Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $472,948 |
| Dividends & Interest | $206,153 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,014,901 |
| Capital Gain Net Income | $12,014,901 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,694,002 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $180,275 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $150 |
| Total operating and administrative expenses | $183,570 |
| Contributions, gifts, grants paid | $7,187,540 |
| Total expenses and disbursements | $7,371,110 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $193,190 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $12,864,268 |
| 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 |
Grants Awarded
Over the last fiscal year, Taubman Foundation For The Arts has awarded $7,187,540 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
HSS FOUNDATION PURPOSE: OPERATING CONTRIBUTION | $3,000 |
NEW YORK PRESBYTERIAN FUND PURPOSE: OPERATING CONTRIBUTION | $25,000 |
NORTH CROSS SCHOOL PURPOSE: OPERATING CONTRIBUTION | $20,000 |
TAUBMAN MUSEUM OF ART PURPOSE: OPERATING CONTRIBUTION | $151,688 |
THE METROPOLITAN OPERA PURPOSE: OPERATING CONTRIBUTION | $542,696 |
THE CARILION CLINIC FOUNDATION PURPOSE: OPERATING CONTRIBUTION | $5,487,413 |