The Woodman Family Foundation
- Assets
- $51.8m
- Revenue
- $9.1m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/2019
- Data as of
- 12/2021
- EIN
- 36-4940322
Organization Overview
The Woodman Family Foundation is located in New York, NY. The organization was established in 2019. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Woodman Family 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, Woodman Family Foundation generated $9.1m in total revenue.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION IS DEDICATED TO STEWARDING THE ARTISTIC LEGACIES OF BETTY, GEORGE, AND THEIR DAUGHTER, FRANCESCA WOODMAN. IT MAINTAINS A SUBSTANTIAL COLLECTION OF ARTWORKS BY EACH ARTIST, FROM ALL PERIODS AND MEDIA, WHICH WILL BE MADE AVAILABLE TO MUSEUMS, CULTURAL INSTITUTIONS, SCHOLARS, AND ARTISTS TO FURTHER THE APPRECIATION AND UNDERSTANDING OF THEIR WORK. THE FOUNDATION HAS ALSO UNDERTAKEN THE PRESERVATION AND CATALOGING OF ITS EXTENSIVE ARCHIVES TO MAKE THIS INFORMATION ACCESSIBLE FOR SCHOLARLY STUDY. IN ADDITION, THE FOUNDATION HAS BEGUN TO PLACE CERTAIN ARTWORKS IN PUBLIC COLLECTIONS THROUGH GRANTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lissa Mcclure Executive Director | 32 | $160,000 | |
Charles H Woodman President | 1 | $0 | |
Eric Wechsler Treasurer | 1 | $0 | |
Edwin Frank Director | 1 | $0 | |
Katarina Jerinic Secretary | 1 | $0 | |
Ann Gabhart Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,913,487 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $200,515 |
| Capital Gain Net Income | $200,515 |
| Net ST Capital Gain | $154,455 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,683 |
| Total Revenue | $9,121,685 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $160,000 |
| Other employee salaries and wages | $137,180 |
| Pension plans, employee benefits | $32,201 |
| Interest | $0 |
| Taxes | $450 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,626 |
| Printing and publications | $0 |
| Other expenses | $145,097 |
| Total operating and administrative expenses | $584,519 |
| Contributions, gifts, grants paid | $431,570 |
| Total expenses and disbursements | $1,016,089 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,632 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $296,010 |
| 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 | $30,912 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $51,275,393 |
| Total assets | $51,771,947 |
| Accounts payable and accrued expenses | $16,212 |
| 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 | $16,212 |
Grants Awarded
Over the last fiscal year, The Woodman Family Foundation has awarded $939,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Providence, RI PURPOSE: ARTWORKS FOR SCHOLARSHIP, CONSERVATION AND EXHIBITION | $919,000 |
New York, NY PURPOSE: GENERAL SUPPORT | $6,000 |
Brooklyn, NY PURPOSE: GENERAL SUPPORT | $5,000 |
New York, NY PURPOSE: GENERAL SUPPORT | $5,000 |
Washington, DC PURPOSE: AEFI PROJECT | $2,500 |
THE FABRIC WORKSHOP AND MUSEUM PURPOSE: EXHIBITION SUPPORT | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Redhill Foundation-Sam And Jean Rothberg Family Charitable Trust New York, NY | $42,979,654 | $7,387,635 |
Stadler Family Charitable Foundation Inc Titusville, NJ | $29,757,304 | $26,067,204 |
Robert W Wilson Charitable Tr New York, NY | $246,803,641 | $15,248,568 |
The Zegar Family Foundation New York, NY | $255,794,688 | $35,430,517 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
The Blackrock Charitable Foundation New York, NY | $304,949,202 | $10,722,340 |
High Meadows Foundation Boston, MA | $7,499,132 | $11,021,494 |
Zankel Fund New York, NY | $8,426,526 | $6,600,017 |
Synchrony Foundation Stamford, CT | $74,474,766 | $12,637,293 |
Gavin Foundation Inc South Boston, MA | $19,688,054 | $21,343,242 |
Jp Fletcher Foundation Inc Cambridge, MA | $29,829,221 | -$3,521,275 |
Estee Lauder Companies Charitable Foundation New York, NY | $35,974,866 | $21,957,506 |