James Rosenquist Foundation Inc
- Assets
- $680.5k
- Revenue
- $41.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Woodbury, NY
- Founding
- 07/2011
- Data as of
- 09/2023
- EIN
- 45-2483492
Organization Overview
James Rosenquist Foundation Inc is located in Woodbury, NY. The organization was established in 2011. 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. James Rosenquist Foundation Inc 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 09/2023, James Rosenquist Foundation Inc generated $41.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.9%) each year. All expenses for the organization totaled $73.4k during the year ending 09/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melinda Rosenquist Chairman / President | 1 | $0 | |
Lily Rosenquist Vice - President | 1 | $0 | |
Andrew John Corbett Secretary / Treasurer | 1 | $0 | |
Sarah C Bancroft Executive Director | 5 | $30,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $16,190 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,801 |
| Capital Gain Net Income | $3,801 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $21,120 |
| Total Revenue | $41,111 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,727 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,542 |
| Total operating and administrative expenses | $41,879 |
| Contributions, gifts, grants paid | $31,500 |
| Total expenses and disbursements | $73,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,144 |
| Savings and temporary cash investments | $0 |
| 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 | $645,343 |
| Total assets | $680,487 |
| 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 Awarded
Over the last fiscal year, James Rosenquist Foundation Inc has awarded $31,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF SOUTH FLORIDA FOUNDATION PURPOSE: DONEE GENERAL USE | $1,500 |
NORTH DAKOTA MUSEUM OF ART PURPOSE: DONEE GENERAL USE | $10,000 |
ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI PURPOSE: DONEE GENERAL USE | $3,000 |
INTERNATIONAL STUDIO & CURATORIAL PROGRAM PURPOSE: DONEE GENERAL USE | $5,000 |
ASPEN INSTITUTE PURPOSE: DONEE GENERAL USE | $2,000 |
WIDE RAINBOW PURPOSE: DONEE GENERAL USE | $10,000 |