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.
Form
990PF
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Edward C Johnson IV President/director | 1 | $0 | |
Christopher C Curtis Director | 1 | $0 | |
Tara Cederholm Vice President | 6 | $0 | |
Daniel Ardito Treasurer | 1 | $2,108 | |
Melanie S Sommer ESQ Secretary (thru 08/2022)/director | 1 | $0 | |
Kevin Saunders Secretary (as Of 08/2022) | 1 | $703 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Cooperative Philanthropic Services | 12/30/22 | $532,649 |
John G Waite Associates Architects | 12/30/22 | $100,204 |
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 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $2,811 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $383 |
Interest | $0 |
Taxes | $0 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $209,868 |
Total operating and administrative expenses | $757,987 |
Contributions, gifts, grants paid | $0 |
Total expenses and disbursements | $757,987 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $1,657,574 |
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 | $49,815 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $0 |
Net Land, buildings, and equipment | $0 |
Other assets | $258,826,183 |
Total assets | $292,671,179 |
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 |