Tippet Rise Foundation
- Assets
- $45.2m
- Revenue
- $11.1m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/2012
- Data as of
- 12/2022
- EIN
- 35-6933159
Organization Overview
Tippet Rise Foundation is located in New York, NY. The organization was established in 2012. 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. Tippet Rise 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, Tippet Rise Foundation generated $11.1m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $12.0m during the year ending 12/2022. While expenses have increased by 9.9% 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
THE FOUNDATION'S ART CENTER OPENED TO THE PUBLIC IN 2016. THE FOUNDATION CONTINUES TO OPERATE AND FURTHER DEVELOP THE ART CENTER AND ITS INFRASTRUCTURE THAT IS HOME TO AMPHITHEATERS, A SCULPTURE PARK, A MUSEUM, CONCERT PRACTICE FACILITIES, A LARGE LIBRARY, FACILITIES FOR ARTISTS-IN-RESIDENCE, A PANORAMIC VIEWING CENTER AND A CONCERT HALL MODELED ON THE DEEPLY RESONANT SPACE WHERE FRANZ JOSEPH HAYDN COMPOSED AND PERFORMED HIS SYMPHONIES, ALL OPEN TO VISITORS WITH YEAR-ROUND PROGRAMMING. THESE FACILITIES ARE BLENDED SEAMLESSLY INTO THE ROLLING LANDSCAPE THEY INHABIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy F Halstead Trustee | 20 | $0 | |
Peter A Halstead Trustee | 20 | $0 | |
Peter J Hinmon Co-Director | 40 | $176,423 | |
Lindsey G Hinmon Co-Director | 40 | $176,423 | |
Benjamin D Wynthein Ranch Manager | 40 | $150,539 | |
Melissa J Moore Communication & Gues | 40 | $94,885 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pkf O'connor Davies Llp | 12/30/22 | $460,757 |
On-site Management Inc | 12/30/22 | $411,825 |
Finn Partners Inc | 12/30/22 | $287,035 |
David John Trees Dba Stillwater Construction | 12/30/22 | $262,232 |
Arup Us Inc | 12/30/22 | $348,607 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $11,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $121,012 |
| Total Revenue | $11,121,012 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,545,118 |
| Pension plans, employee benefits | $534,451 |
| Interest | $0 |
| Taxes | $48,061 |
| Depreciation | $2,232,777 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $197,748 |
| Printing and publications | $0 |
| Other expenses | $5,647,104 |
| Total operating and administrative expenses | $12,041,931 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $12,041,931 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,561,781 |
| 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 | $43,614,912 |
| Total assets | $45,176,693 |
| 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 |