Kristin Saleri Art Foundation Inc
- Assets
- $771.7k
- Revenue
- $100.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 07/2014
- Data as of
- 11/2021
- EIN
- 45-4137070
Organization Overview
Kristin Saleri Art Foundation Inc is located in Houston, TX. The organization was established in 2014. 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. Kristin Saleri Art 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 11/2021, Kristin Saleri Art Foundation Inc generated $100.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (17.0%) each year. All expenses for the organization totaled $96.4k during the year ending 11/2021. As we would expect to see with falling revenues, expenses have declined by (21.8%) per year over the past 3 years. 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
NO ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nansen G Saleri Chairman | 10 | $0 | |
Sy S Salerian Treasurer | 4 | $0 | |
Marina S Saleri Secretary | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,006 |
| 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 | $0 |
| Total Revenue | $100,006 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $45,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,442 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $43,276 |
| Total operating and administrative expenses | $96,365 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $96,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1,707 |
| Savings and temporary cash investments | $1,563 |
| 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 | $6,025 |
| 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 | $765,800 |
| Total assets | $771,681 |
| 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 | $914 |
| Total liabilities | $914 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Caldwell Foundation Tyler, TX | $113,613,733 | $12,178,826 |
Jones Trust Springdale, AR | $87,208,961 | $7,926,357 |
Whole Kids Foundation Austin, TX | $20,924,486 | $5,788,036 |
Carl And Marilynn Thoma Art Foundation Santa Fe, NM | $0 | $36,422,281 |
Hope Center Foundation Plano, TX | $50,591,609 | $3,157,864 |
Brian D Patterson Usa - International Foundation Burkburnett, TX | $91,124 | $1,600,664 |
Shearn Moody Plaza Corporation Galveston, TX | $0 | $2,031,035 |
Dhr Health Institute For Research & Development Edinburg, TX | $765,777 | $2,008,327 |
Alcon Cares Incorporated Fort Worth, TX | $0 | $1,803,602 |
Texas Cardiac Arrhythmia Research Foundation Austin, TX | $1,061,518 | $1,694,538 |
Ywca Of Greater Austin Austin, TX | $1,614,891 | $2,125,832 |
New Beginning Resources Inc Porter, TX | $737,253 | $1,286,038 |