Foster Art & Wilderness Foundation
- Assets
- $9.5m
- Revenue
- $1.2m
- Investments
- $4.9m
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 46-2686785
Organization Overview
Foster Art & Wilderness Foundation is located in Palo Alto, CA. The organization was established in 2014. According to its NTEE Classification (A24) the organization is classified as: Folk 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. Foster Art & Wilderness 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, Foster Art & Wilderness Foundation generated $1.2m 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 (20.3%) each year. All expenses for the organization totaled $4.0m 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
WE ARE DEDICATED TO UNITING, PRESERVING, AND EXHIBITING TONY FOSTER'S WATERCOLOR JOURNEYS TO INSPIRE REFLECTION, DISCUSSION, AND EDUCATION ABOUT ART, WILDERNESS, AND THE NATURAL WORLD. WE ARE A QUIET, CONTEMPLATIVE PLACE IN WHICH TO EXPERIENCE BEAUTIFUL ART AND INSPIRING JOURNEYS. OUR SPACE HOUSES THE PERMANENT COLLECTION OF THE FOSTER ART & WILDERNESS FOUNDATION. TOURS AND ADMISSION ARE FREE AND OPEN TO ALL. WE ALSO OFFER INTERACTIVE TOURS FOR SCHOOL CHILDREN, HAVE HOSTED EVENTS FOR ALL AGES TO LEARN MORE ABOUT THE ARTIST'S PROCESS AND TECHNIQUES, AND HAVE HOSTED TALKS FOR PEOPLE TO SHARE THEIR EXPERIENCES ABOUT THE ARTIST, ART, AND NATURE.
(CONTINUATION OF PREVIOUS STATEMENT) TONY FOSTER'S PAINTINGS ON WILDERNESS THEMES, AND THEIR ACCOMPANYING SOUVENIRS AND JOURNALS, DOCUMENT ONE MAN'S DEEPLY FELT EXPERIENCE AND RESONATE WITH A FUNDAMENTAL HUMAN NEED TO CONNECT WITH THE EARTH. HIS PROCESS IS COMPELLING AND HIS WORK UNIQUE. WE BELIEVE THAT VIEWING A WATERCOLOR JOURNEY IN ITS ENTIRETY PROVIDES POWERFUL INSPIRATION. THE PAINTINGS SUGGEST INTRIGUING CONNECTIONS WITH OTHER ARTWORKS, ARTIFACTS AND COLLECTIONS, AND THEY APPEAL TO A BROAD AUDIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne B Baxter Co-Director | 40 | $158,925 | |
Eileen S Howard Co-Director | 40 | $148,684 | |
Debra A Waltimire Museum Manager | 40 | $80,000 | |
Anna E Gawarecki Senior Museum Assist | 40 | $61,181 | |
Maya A Boeye Museum Associate | 40 | $53,570 | |
Holly Knapp Director | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mclarney Construction | 12/30/16 | $498,939 |
Studiosaal | 12/30/16 | $183,255 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,162,103 |
| Interest on Savings | $0 |
| Dividends & Interest | $44,142 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$9,000 |
| Capital Gain Net Income | $720,061 |
| Net ST Capital Gain | $1,682 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $6,543 |
| Other Income | $0 |
| Total Revenue | $1,203,788 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $587,306 |
| Pension plans, employee benefits | $94,596 |
| Interest | $0 |
| Taxes | $47,305 |
| Depreciation | $378,111 |
| Occupancy | $376,396 |
| Travel, conferences, and meetings | $3,040 |
| Printing and publications | $0 |
| Other expenses | $2,284,487 |
| Total operating and administrative expenses | $4,022,683 |
| Contributions, gifts, grants paid | $10,100 |
| Total expenses and disbursements | $4,032,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $676,837 |
| 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 | $4,866,247 |
| Net Land, buildings, and equipment | $1,117,792 |
| Other assets | $2,803,603 |
| Total assets | $9,464,479 |
| Accounts payable and accrued expenses | -$26,630 |
| 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 | -$26,630 |
Grants Awarded
Over the last fiscal year, Foster Art & Wilderness Foundation has awarded $10,100 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HEYDAY PURPOSE: TO PROVIDE SUPPORT FOR THE ANNUAL WILD WONDER NATURE JOURNALING CONFERENCE. | $10,000 |
GOFUND ME PURPOSE: TO PROVIDE SUPPORT TO PEOPLE IMPACTED BY DISASTER, AND TO FUND EDUCATION AND OTHER CHARITABLE INITIATIVES | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foster Art & Wilderness Foundation Palo Alto, CA | $9,464,479 | $1,203,788 |
Folkwest Incorporated Sisters, OR | $0 | $523,835 |
Portland Folklore Society Portland, OR | $64,189 | $0 |
Kings Regional Traditional Folk Arts Inc Hanford, CA | $150,495 | $0 |
Ancient Ways Scio, OR | $20,679 | $0 |
Sacramento Guitar Society Folsom, CA | $18,660 | $0 |
Show Folks Of America Inc Oroville, CA | $896,840 | $81,674 |
American Tamil Media Dublin, CA | $13,231 | $0 |
Folk Art International San Francisco, CA | $377,497 | $18,936 |
Topanga Banjo Fiddle Contest And Folk Festival Inc Tarzana, CA | $83,673 | $0 |
Mandala Publishing San Rafael, CA | $244,492 | $312 |
Center For Contemporary Art & Culture Portland, OR | $1,551,159 | $0 |