William Louis-Dreyfus Foundation is located in Wilton, CT. The organization was established in 2016. According to its NTEE Classification (A51) the organization is classified as: Art 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. William Louis-Dreyfus 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 08/2021, William Louis-Dreyfus Foundation generated $1.1m 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 (18.7%) each year. All expenses for the organization totaled $1.6m during the year ending 08/2021. 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
MAINTAIN ART COLLECTION FOR VIEWING BY GENERAL PUBLIC, GUIDED PUBLIC TOURS, AND DISCUSSIONS (13 TOURS DURING THE TAX YEAR TO STUDENTS, ARTISTS, ART PROFESSIONALS & COMMUNITY GROUPS).NOTE REGARDING TOURS: THE NUMBER OF TOURS IN THE CURRENT TAX YEAR IS LESS THAN IN PRIOR YEARS DUE TO THE COVID-19 PANDEMIC.
MAINTAINING A FOUNDATION WEBSITE DISPLAYING ARTWORK AND PROVIDING INFORMATION ABOUT ARTISTS, ART LOAN PROGRAM, PUBLIC TOURS AND OFFSITE EXHIBITIONS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Julia Hall Director | 0.5 | $0 | |
Phoebe Louis-Dreyfus Director | 0.5 | $0 | |
Robert L Costello Director | 0.13 | $0 | |
Vincent Cuono Secretary & Treasurer | 6 | $0 | |
Patrick B Fenn Director | 0.75 | $0 | |
Jeff Gilman President | 3 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Murphy & Partners Llp | 8/30/21 | $345,176 |
James Fuentes Llc | 8/30/21 | $202,760 |
Wood Design Llc | 8/30/21 | $95,843 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $175,000 |
Interest on Savings | $109 |
Dividends & Interest | $496 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $969,164 |
Capital Gain Net Income | $2,370,758 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $1,144,769 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $77,342 |
Depreciation | $74,107 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $383,259 |
Total operating and administrative expenses | $560,792 |
Contributions, gifts, grants paid | $1,000,000 |
Total expenses and disbursements | $1,560,792 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $5,875,339 |
Savings and temporary cash investments | $0 |
Net Accounts receivable | $169,460 |
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 | $43,983 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $0 |
Net Land, buildings, and equipment | $2,475,945 |
Other assets | $24,476,437 |
Total assets | $33,041,164 |
Accounts payable and accrued expenses | $76,522 |
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 | $76,522 |
Organization Name | Assets | Revenue |
---|---|---|
Buffalo Fine Arts Academy Buffalo, NY | $293,134,468 | $30,844,940 |
New Museum Of Contemporary Art New York, NY | $107,362,095 | $41,908,538 |
Institute Of Contemporary Art Boston, MA | $121,321,339 | $26,427,567 |
Museum Of Arts And Design New York, NY | $100,702,289 | $12,680,439 |
Wadsworth Atheneum Museum Of Art Hartford, CT | $165,426,651 | $15,147,902 |
Neue Galerie New York New York, NY | $114,494,920 | $18,242 |
Worcester Art Museum Worcester, MA | $148,643,203 | $30,005,812 |
International Center Of Photography New York, NY | $72,245,409 | $16,287,723 |
Doris Duke Foundation For Islamic Art New York, NY | $38,632,422 | $9,089,054 |
Storm King Art Center New Windsor, NY | $80,583,864 | $14,230,209 |
Fellowship For The Performing Arts Inc New York, NY | $15,555,732 | $10,766,818 |
Ps1 Contemporary Art Center Inc Long Island City, NY | $7,393,924 | $9,638,266 |