Sonnabend Collection Foundation
- Assets
- $120.5m
- Revenue
- $700.9k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/2013
- Data as of
- 12/2021
- EIN
- 46-0725181
Organization Overview
Sonnabend Collection Foundation is located in New York, NY. The organization was established in 2013. 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. Sonnabend Collection 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, Sonnabend Collection Foundation generated $700.9k 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 (50.3%) each year. All expenses for the organization totaled $440.1k 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
EXHIBITION & LENDING OF ARTWORKS OWNED BY THE FOUNDATION TO EDUCATIONAL INSTITUTIONS AND PUBLIC MUSEUMS. IN 2021, THE FOUNDATION HAD WORKS ON LOAN TO FONDAZIONE MUSEI CIVIVI DE VENEZIA AND PALAZZO GRASSI IN VENICE, ITALY, THE PHILADELPHIA MUSEUM OF ART, PHILADELPHIA, PENNSYLVANIA, FONDAZIONE PALAZZO STROZZI IN FLORENCE, ITALY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Queenie K Wong Director | 40 | $100,000 | |
Jeffrey G Byrd Administrator | 40 | $82,000 | |
Antonio Homem President | 40 | $0 | |
Phokion Potamianos Treasurer | 0 | $0 | |
Margaret Sundell Secretary | 0 | $0 | |
David Sundell Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $700,859 |
| 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 | $700,859 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $182,000 |
| Pension plans, employee benefits | $86,697 |
| Interest | $0 |
| Taxes | $16,895 |
| Depreciation | $0 |
| Occupancy | $36,879 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $90,592 |
| Total operating and administrative expenses | $440,092 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $440,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,326 |
| 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 | $120,443,305 |
| Total assets | $120,515,631 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Andy Warhol Foundation For The Visual Arts Inc New York, NY | $375,628,094 | $51,526,373 |
Production Industrial Tech Textile & Prof Employees Loc 124 Wlfr Fund Valhalla, NY | $838,103 | $5,998,825 |
Lily Auchincloss Foundation Inc New York, NY | $46,827,043 | $6,935,321 |
Solow Art And Architecture Foundation New York, NY | $241,786,081 | $29,285,009 |
Municipal Art Society Of New York New York, NY | $12,093,728 | $3,370,052 |
The Wildenstein Plattner Institute New York, NY | $1,898,409 | $4,064,152 |
Drawing Center Inc New York, NY | $11,094,197 | $3,697,448 |
Conservation Center For Art And Historic Artifacts Philadelphia, PA | $4,515,696 | $3,186,711 |
Clay Studio Philadelphia, PA | $16,944,971 | $9,873,164 |
Van Alen Institute Projects In Public Architecture Brooklyn, NY | $44,490,814 | $3,072,994 |
Urbanglass New York Contemporary Glass Center Inc Brooklyn, NY | $1,687,992 | $2,437,335 |
American Institute Of Architects New York, NY | $10,952,534 | $3,079,461 |