Michael Asher Foundation
- Assets
- $11.3m
- Revenue
- $450.6k
- Investments
- $8.4m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 01/2016
- Data as of
- 12/2021
- EIN
- 35-2510764
Organization Overview
Michael Asher Foundation is located in Los Angeles, CA. The organization was established in 2016. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Michael Asher 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 12/2021, Michael Asher Foundation generated $450.6k in total revenue.
Since 2017, Michael Asher Foundation has awarded 40 individual grants totaling $323,500. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO VARIOUS NON-PROFIT ORGANIZATIONS TO SUPPORT THE ARTS IN FURTHERANCE OF THE FOUNDATION'S MISSION
TO MAINTAIN AND PRESERVE THE WORK OF MICHAEL ASHER AND MAKE HIS ARCHIVE AVAILABLE FOR RESEARCH. SEE AMOUNT ON FORM 990-PF, PART I, LINE 24.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Dunbar Executive Director | 40 | $120,200 | |
Ann Goldstein Director & President | 7 | $6,000 | |
Miwon Kwon Director & Secretary | 7 | $6,000 | |
Stephan Pascher Director | 6 | $6,000 | |
Kirsi Peltomaki Director | 6 | $6,000 | |
Mathieu Gregoire Director & Treasurer | 7 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $21 |
| Dividends & Interest | $146,826 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $303,443 |
| Capital Gain Net Income | $303,443 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $300 |
| Total Revenue | $450,590 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $156,200 |
| Other employee salaries and wages | $27,512 |
| Pension plans, employee benefits | $11,150 |
| Interest | $0 |
| Taxes | $12,611 |
| Depreciation | $13,425 |
| Occupancy | $80,050 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $625 |
| Other expenses | $81,122 |
| Total operating and administrative expenses | $562,116 |
| Contributions, gifts, grants paid | $85,000 |
| Total expenses and disbursements | $647,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $311,374 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $2,218 |
| 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 | $3,746,929 |
| Net Land, buildings, and equipment | $73,205 |
| Other assets | $2,501,298 |
| Total assets | $11,320,411 |
| Accounts payable and accrued expenses | $10,735 |
| 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 | $10,735 |
Grants Awarded
Over the last fiscal year, Michael Asher Foundation has awarded $85,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
PRIMARY INFORMATION PURPOSE: GENERAL UNRESTRICTED CONTRIBUTION | $10,000 |
CCA WATTIS INSTITUTE FOR CONTEMPORARY ARTS PURPOSE: FOR THE EXHIBITION, DRUM LISTENS TO HEART | $10,000 |
Los Angeles, CA PURPOSE: GENERAL UNRESTRICTED CONTRIBUTION | $5,000 |
Los Angeles, CA PURPOSE: GENERAL UNRESTRICTED CONTRIBUTION | $5,000 |
CALIFORNIA AFRICAN AMERICAN MUSEUM (VIA COMMUNITY PARTNERS) PURPOSE: CALIFORNIA AFRICAN AMERICAN MUSEUM | $5,000 |
CENTER FOR LAND USE INTERPRETATION PURPOSE: GENERAL UNRESTRICTED CONTRIBUTION | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Michael Asher Foundation has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
The Feitelson Lundeberg Art Foundation Portland, OR PURPOSE: ARTIST DONATION | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $37,664,470 | $5,516,038 |
Shimon Ben Joseph Foundation San Francisco, CA | $1,592,283,787 | $39,921,005 |
Alfred C Munger Foundation Los Angeles, CA | $17,737,694 | $91,163,030 |
Hellman Foundation San Francisco, CA | $693,471,633 | $133,789,010 |
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA | $1,715,568,763 | $412,161,407 |
Omidyar Network Fund Inc Redwood City, CA | $490,038,780 | $21,031,743 |
Sobrato Family Foundation Mountain View, CA | $811,956,453 | $266,068,436 |
Moore Family Foundation Incline Village, NV | $173,909 | $5,659,701 |
Benificus Foundation San Carlos, CA | $13,481,294 | $1,960,393 |
H&h Evergreen Foundation Menlo Park, CA | $393,647,714 | $39,435,652 |
The Energy Foundation San Francisco, CA | $108,278,429 | $83,158,939 |
Stupski Foundation San Francisco, CA | $0 | $134,835,311 |