Milton Resnick And Pat Passlof Foundation is located in New York, NY. The organization was established in 2014. According to its NTEE Classification (A50) the organization is classified as: Museums, 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. Milton Resnick And Pat Passlof 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, Milton Resnick And Pat Passlof Foundation generated $857.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (54.7%) each year. All expenses for the organization totaled $720.6k 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
PRESERVATION, EXHIBITION AND PUBLICATION OF WORKS BY THE ABSTRACT EXPRESSIONIST PAINTERS MILTON RESNICK (1917-2004) AND PAT PASSLOF (1928-2011).
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Susan Reynolds Executive Director | 40 | $70,685 | |
Nathan Kernan Director, President | 2 | $0 | |
Tracey A Jones Director, Treasurer | 0.5 | $0 | |
Geoffrey Dorfman Director, Vice President & | 6 | $0 | |
Stephanie Heilborn ESQ Director | 0.5 | $0 | |
Richard Cherry Director | 0.5 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $65,206 |
Interest on Savings | $0 |
Dividends & Interest | $57,335 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $734,566 |
Capital Gain Net Income | $75,140 |
Net ST Capital Gain | $22,725 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $693 |
Total Revenue | $857,800 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $70,685 |
Other employee salaries and wages | $61,667 |
Pension plans, employee benefits | $19,899 |
Interest | $25,912 |
Taxes | $0 |
Depreciation | $283,797 |
Occupancy | $32,072 |
Travel, conferences, and meetings | $361 |
Printing and publications | $10,000 |
Other expenses | $193,851 |
Total operating and administrative expenses | $720,561 |
Contributions, gifts, grants paid | $0 |
Total expenses and disbursements | $720,561 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $224,178 |
Savings and temporary cash investments | $122,843 |
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 | $64,734 |
Prepaid expenses and deferred charges | $0 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $46,625 |
Net Land, buildings, and equipment | $7,961,534 |
Other assets | $11,854,271 |
Total assets | $23,088,487 |
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 | $977,932 |
Total liabilities | $977,932 |
Over the last fiscal year, we have identified 1 grants that Milton Resnick And Pat Passlof Foundation has recieved totaling $20,000.
Awarding Organization | Amount |
---|---|
Eva Hesse Charitable Foundation Inc New York, NY PURPOSE: IN SUPPORT OF PAT PASSLOF EXHIBITION | $20,000 |
Organization Name | Assets | Revenue |
---|---|---|
Carnegie Institute Pittsburgh, PA | $541,460,866 | $82,217,609 |
Peabody Essex Museum Inc Salem, MA | $834,878,169 | $57,993,478 |
The Corning Museum Of Glass Corning, NY | $73,662,076 | $31,481,253 |
Intrepid Museum Foundation Inc New York, NY | $107,274,514 | $23,304,017 |
Jewish Museum New York, NY | $170,221,432 | $22,874,963 |
Mystic Seaport Museum Inc Mystic, CT | $122,267,932 | $26,794,983 |
The Paley Center For Media New York, NY | $149,800,581 | $16,736,827 |
Stone Barns Restoration Corp Pocantico Hills, NY | $107,933,883 | $7,964,721 |
Margaret Woodbury Strong Museum Rochester, NY | $223,670,725 | $24,556,351 |
Newark Museum Association Newark, NJ | $64,370,892 | $11,736,749 |
Brandywine Conservancy & Museum Of Art Chadds Ford, PA | $159,611,083 | $25,949,606 |
The Studio Museum In Harlem New York, NY | $153,708,532 | $40,471,884 |