Graham Foundation For Advanced Studies In The Fine Arts
- Assets
- $41.5m
- Revenue
- $541.3k
- Investments
- $38.7m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 07/1959
- Data as of
- 12/2022
- EIN
- 36-2356089
Organization Overview
Graham Foundation For Advanced Studies In The Fine Arts is located in Chicago, IL. The organization was established in 1959. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, 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. Graham Foundation For Advanced Studies In The Fine Arts 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, Graham Foundation For Advanced Studies In The Fine Arts generated $541.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Graham Foundation For Advanced Studies In The Fine Arts has awarded 455 individual grants totaling $3,737,295. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
PUBLIC PROGRAMS - IN ADDITION TO ITS INTERNATIONAL GRANTS PROGRAM, THE GRAHAM FOUNDATION PRODUCES ORIGINAL EXHIBITIONS, LECTURES, PANEL DISCUSSIONS, PERFORMANCES, SCREENINGS, (SEE STATEMENT)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Executive Director | 40 | $199,078 | |
Name Not Listed Trustee | 1 | $0 | |
Name Not Listed Trustee | 1 | $0 | |
Name Not Listed Trustee | 1 | $0 | |
Name Not Listed Trustee | 1 | $0 | |
Name Not Listed Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $20 |
| Dividends & Interest | $372,385 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $166,011 |
| Capital Gain Net Income | $518,933 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $2,920 |
| Other Income | $0 |
| Total Revenue | $541,336 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $214,702 |
| Other employee salaries and wages | $356,931 |
| Pension plans, employee benefits | $130,115 |
| Interest | $0 |
| Taxes | $84,184 |
| Depreciation | $85,264 |
| Occupancy | $59,853 |
| Travel, conferences, and meetings | $24,231 |
| Printing and publications | $2,938 |
| Other expenses | $179,021 |
| Total operating and administrative expenses | $1,516,343 |
| Contributions, gifts, grants paid | $924,725 |
| Total expenses and disbursements | $2,441,068 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $546,228 |
| Savings and temporary cash investments | $100,168 |
| Net Accounts receivable | $750,000 |
| 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 | $28,446 |
| Prepaid expenses and deferred charges | $96,695 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $24,221,831 |
| Net Land, buildings, and equipment | $1,282,212 |
| Other assets | $0 |
| Total assets | $41,460,927 |
| Accounts payable and accrued expenses | $37,827 |
| Grants payable | $182,500 |
| 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 | $220,327 |
Grants Awarded
Over the last fiscal year, Graham Foundation For Advanced Studies In The Fine Arts has awarded $1,218,405 in support to 150 organizations.
| Grant Recipient | Amount |
|---|---|
A PROJECT 83 INC PURPOSE: ARCHITECTURAL IMAGE-MAKING IN 1980S NEW YORK: THE JOHN NICHOLS PRINTMAKERS COLLECTION AT A83 | $10,000 |
ADRIANA SALAZAR PURPOSE: WATER SPELLS | $5,000 |
AFRICAN FUTURES INSTITUTE PURPOSE: FOLIO: JOURNAL OF CONTEMPORARY AFRICAN ARCHITECTURE, VOLUME 3: 19.8 | $10,000 |
ALA TANNIR PURPOSE: THE SMALL OLD HOUSE BY THE SEA | $15,000 |
ALBERT BRENCHAT-AGUILAR PURPOSE: "AS HARDLY FOUND" IN THE ART OF TROPICAL ARCHITECTURE | $10,000 |
AMANDA RUSSHELL WALLACE PURPOSE: THE EAST TEXAS OILFIELD AS AN ARCHITECTURE OF MEMENTO MORI | $4,500 |