Tippet Rise Foundation
- Assets
- $46.1m
- Revenue
- $11.6m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/2012
- Data as of
- 12/2021
- 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 12/2021, Tippet Rise Foundation generated $11.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (17.9%) each year. All expenses for the organization totaled $9.7m during the year ending 12/2021. 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
2021
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 |
|---|---|---|---|
Peter J Hinmon Co-Director | 40 | $162,000 | |
Lindsey G Hinmon Co-Director | 40 | $162,000 | |
Benjamin D Wynthein Ranch Manager | 40 | $149,000 | |
Montgomery W Nickles Audio & Technology S | 40 | $96,000 | |
Melissa J Moore Communication & Gues | 40 | $87,000 | |
Cathy F Halstead Trustee | 20 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arup Us Inc | 12/30/21 | $503,981 |
Pkf O'connor Davies Llp | 12/30/21 | $413,642 |
Finn Partners Inc | 12/30/21 | $195,195 |
Four Beers Inc Dba Stillwater Excavating | 12/30/21 | $187,118 |
Crowley Fleck Pllp | 12/30/21 | $157,112 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $11,500,000 |
| 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 | $99,378 |
| Total Revenue | $11,599,378 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,389,970 |
| Pension plans, employee benefits | $359,334 |
| Interest | $0 |
| Taxes | $94,029 |
| Depreciation | $2,376,513 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $27,282 |
| Printing and publications | $0 |
| Other expenses | $3,895,968 |
| Total operating and administrative expenses | $9,661,968 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $9,661,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,452,169 |
| 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 | $43,645,443 |
| Total assets | $46,097,612 |
| 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 Recieved
Over the last fiscal year, we have identified 3 grants that Tippet Rise Foundation has recieved totaling $10,500,000.
| Awarding Organization | Amount |
|---|---|
Sidney E Frank Charitable Foundation Harrison, NY PURPOSE: (OF $8M GRANT APPROVED IN 3/2019) TO SUPPORT THE FOUNDATION'S CHARITABLE AND EDUCATIONAL PURPOSE AS A PRIVATE OPERATING FOUNDATION, INCLUDING THE DEVELOPMENT AND OPERATION OF PROGRAMS AND VENUES TO PROVIDE ACCESS TO ART IN A NATURAL ENVIRONMENT | $5,500,000 |
Sidney E Frank Charitable Foundation Harrison, NY PURPOSE: (OF $7M GRANT APPROVED IN 8/2018) TO SUPPORT THE FOUNDATION'S CHARITABLE AND EDUCATIONAL PURPOSE AS A PRIVATE OPERATING FOUNDATION, INCLUDING THE DEVELOPMENT AND OPERATION OF PROGRAMS AND VENUES TO PROVIDE ACCESS TO ART IN A NATURAL ENVIRONMENT | $2,500,000 |
Sidney E Frank Charitable Foundation Harrison, NY PURPOSE: TO SUPPORT THE FOUNDATION'S CHARITABLE AND EDUCATIONAL PURPOSE AS A PRIVATE OPERATING FOUNDATION, INCLUDING THE DEVELOPMENT AND OPERATION OF PROGRAMS AND VENUES TO PROVIDE ACCESS TO ART IN A NATURAL ENVIRONMENT | $2,500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grace Farms Foundation New Canaan, CT | $127,278,874 | $14,337,032 |
Build Health International Inc Beverly, MA | $9,391,112 | $16,132,621 |
China Medical Board Inc Cambridge, MA | $0 | $15,367,231 |
Rubin Museum Of Art New York, NY | $219,341,965 | $20,862,684 |
Pussycat Foundation New York, NY | $113,070,433 | $12,403,154 |
Tippet Rise Foundation New York, NY | $46,097,612 | $11,599,378 |
Gerry Foundation Inc Liberty, NY | $111,892,284 | $11,122,515 |
Moise Y Safra Foundation Inc New York, NY | $57,760,218 | $6,334,851 |
Rockefeller Archive Center Sleepy Hollow, NY | $198,097,366 | $11,995,066 |
Black River Outdoor Education Program Inc Great Neck, NY | $0 | $235,026 |
Tiger Baron Foundation Inc New York, NY | $135,800,192 | $10,090,454 |
Institute For Aegean Prehistory New York, NY | $0 | $4,040,162 |