Brookfield Arts Foundation

Organization Overview

Brookfield Arts Foundation is located in Boston, MA. The organization was established in 1999. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brookfield Arts 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, Brookfield Arts Foundation generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $758.0k during the year ending 12/2022. While expenses have increased by 6.4% per year over the past 4 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2022

Describe the Organization's Program Activity:

Part 3 - Line 4a

BROOKFIELD ARTS FOUNDATION (THE "FOUNDATION") WAS FOUNDED IN 2000 TO ESTABLISH, MAINTAIN AND OPERATE AN EDUCATIONAL ORGANIZATION FOR THE PURPOSE OF IMPROVING POPULAR AND SCHOLARLY UNDERSTANDING OF ART AND THE DECORATIVE ARTS. THE FOUNDATION SEEKS TO PROMOTE RESEARCH INTO TECHNIQUES OF MANUFACTURE, CONSTRUCTION, ORIGINAL USE AND OWNERSHIP PATTERNS OF THESE OBJECTS, INTO THE SCIENTIFIC ANALYSIS OF MATERIALS AND OF ORIGINAL TECHNIQUES; TO PROVIDE CARE AND CONSERVE OBJECTS OWNED BY THE FOUNDATION; WITH THE INTENT OF MAKING THE RESULTS OF RESEARCH ON SUCH OBJECTS AVAILABLE BOTH TO THE GENERAL PUBLIC AND TO THE SCHOLARLY COMMUNITY; TO PUBLICLY EXHIBIT SUCH OBJECTS OWNED BY THE FOUNDATION (THE "COLLECTION") OFTEN IN COLLABORATION WITH PUBLIC EXHIBITS OF SIMILAR OBJECTS OWNED BY OTHERS; AND TO MAKE GRANTS AND LOANS OF SUCH OBJECTS TO OTHER ORGANIZATIONS WHICH ARE EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE").


DURING 2022, THE FOUNDATION HAD ON LOAN 629 OBJECTS FROM THE FOUNDATION'S COLLECTION TO THE FOLLOWING MAJOR MUSEUMS FOR DISPLAY TO THE PUBLIC: MUSEUM OF FINE ARTS, BOSTON (MASSACHUSETTS), PEABODY ESSEX MUSEUM (MASSACHUSETTS), HISTORIC NEW ENGLAND (MASSACHUSETTS AND NEW HAMPSHIRE), CLARK ART INSTITUTE (MASSACHUSETTS), ART INSTITUTE OF CHICAGO (ILLINOIS), MUSEUM OF EARLY SOUTHERN DECORATIVE ARTS (NORTH CAROLINA), YALE UNIVERSITY ART GALLERY (CONNECTICUT), CAPE ANN MUSEUM (MASSACHUSETTS), HIDCOTE, NATIONAL TRUST UK (ENGLAND), AND THE NATIONAL MUSEUM OF BERMUDA (BERMUDA). THE FOUNDATION HAS ON LOAN AN HISTORIC HOUSE COMPLETE WITH ITS FURNISHINGS, WHICH NUMBER 626 OBJECTS IN TOTAL. IN 2022, ONE OBJECT FROM THE COLLECTION WAS INCLUDED IN A NEW PUBLICATION. DURING 2022, THE FOUNDATION HOSTED TWO VISITS ALLOWING SCHOLARS TO EXAMINE IN DETAIL 185 OBJECTS FROM THE COLLECTION WHILE FIVE ADDITIONAL OBJECTS WERE CONSIDERED FOR EXHIBITION BY ANOTHER SCHOLAR.


THE FOUNDATION (A) CARES FOR AND CONSERVES OBJECTS FROM ITS COLLECTION AND (B) SEEKS TO PROMOTE RESEARCH INTO (I) TECHNIQUES OF MANUFACTURE, CONSTRUCTION AND THE LIKE AND (II) SCIENTIFIC ANALYSIS OF MATERIALS AND ORIGINAL TECHNIQUES. IN 2022, FOUR OBJECTS FROM THE COLLECTION UNDERWENT CONSERVATION TREATMENT. THIS TREATMENT INCLUDED STABILIZING FRAGILE OBJECTS AS WELL AS EXTENSIVE TREATMENTS ON OBJECTS WITH MORE COMPLEX CONDITION ISSUES, WITH THE GOAL OF FUTURE PUBLIC DISPLAY IN MIND.WORK ON THE HISTORIC HOUSE INCLUDED UPGRADING THE INTERIOR FISH POOLS, CONTINUED PAPER CONSERVATION IN THE INTERIOR, REPLACEMENT OF REPLICA LIGHT-DAMAGED SURROGATE POSTERS, ANNUAL CARPENTRY REPAIRS, AND DEEP CLEANING. A FULL ENVELOPE ASSESSMENT OF THE STRUCTURE WAS BEGUN INCLUDING MASONRY PROBES, PAVING STONE RESETTING AND ROOF TILE PROCUREMENT IN PREPARATION FOR WORK IN THE NEXT TWO YEARS. 293 TEXTILES RELATED TO THE HOUSE WERE PROPERLY REHOUSED.


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Board, Officers & Key Employees

Name (title)Compensation
Edward C Johnson IV
President/director
$0
Christopher C Curtis
Director
$0
Tara Cederholm
Vice President
$0
Daniel Ardito
Treasurer
$2,108
Melanie S Sommer ESQ
Secretary (thru 08/2022)/director
$0
Kevin Saunders
Secretary (as Of 08/2022)
$703

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cooperative Philanthropic Services
$532,649
John G Waite Associates Architects
$100,204
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $100,000
Interest on Savings $0
Dividends & Interest $358,855
Net Rental Income$0
Net Gain on Sale of Assets $2,325,002
Capital Gain Net Income $2,325,002
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $2,783,857

Peer Organizations

Organization NameAssets
New York Foundation For The Arts Inc
New York, NY
$30,608,340
Democracy Prep Public Schools
New York, NY
$21,062,135
Liz Claiborne & Art Ortenberg Foundation
New York, NY
$4,169,306
Theatre Development Fund Inc
New York, NY
$12,739,705
New England Foundation For The Arts Inc
Boston, MA
$6,163,384
Moving Picture Institute
New York, NY
$11,365,614
Performance Zone Inc
New York, NY
$5,780,066
Town Hall Foundation Inc
New York, NY
$6,384,160
Art Of Problem Solving Initiative Inc
New York, NY
$7,630,346
Music Performance Trust Fund
New York, NY
$5,946,878
Public Art Fund Inc
New York, NY
$4,219,910
Map Fund Inc
New York, NY
$2,092,529
The Cloud Artscience Foundation
Somerville, MA
$1,371,443
Slomo And Cindy Silvian Foundation Inc
Melville, NY
$3,001,086
American Theatre Wing Inc
New York, NY
$3,691,697
Aba Pathways Inc
Monroe, NY
$2,786,453
America-Israel Cultural Foundation Inc
New York, NY
$2,156,160
Jerome Robbins Foundation
New York, NY
$1,299,865
American Friends Of The Art Fund
New York, NY
$326,864
Milton And Sally Avery Arts Foundation Inc
New York, NY
$501,718
Care 2 Communities Inc
Boston, MA
$2,288,566
Alden Charitable Foundation Inc
Guilford, CT
$2,148,386
Auschwitz-Birkenau Memorial Foundation
New York, NY
$1,333,860
Plum Bush Foundation
Millis, MA
$8,515,970
Four Freedoms Park Conservancy Inc
New York, NY
$1,609,487

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