Michael Asher Foundation
- Assets
- $0.0
- Revenue
- $41.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- Data as of
- 12/2016
- EIN
- 46-6938819
Organization Overview
Michael Asher Foundation is located in Los Angeles, CA.
For the year ending 12/2016, Michael Asher Foundation generated $41.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (13.6%) each year. All expenses for the organization totaled $355.4k during the year ending 12/2016. As we would expect to see with falling revenues, expenses have declined by (16.2%) per year over the past 2 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
2016
Describe the Organization's Program Activity:
Part 3 - Line 4a
$15,000 GRANT TO PROJECT X FOUNDATION FOR ART & CRITICISM IN SUPPORT OF THE ESSAYS AND PUBLIC PRESENTATION PORTION OF THE "WHEN ARTISTS WRITE" ANTHOLOGY
PROVIDES MULTIPLE GRANTS OF $2,500 TO $10,000 EACH TO VARIOUS NON-PROFIT ORGANIZATIONS TO SUPPORT THE ARTS IN FUTHERANCE OF THE THE FOUNDATION'S MISSION.
TO MAINTAIN AND PRESERVE THE WORK OF MICHAEL ASHER AND MAKE HIS ARCHIVE AVAILABLE FOR RESEARCH. SEE AMOUNT ON FORM 990-PF LINE 24.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Dunbar Trustee, Secretary & Consu | 12 | $35,725 | |
Ann Goldstein Trustee & President | 6 | $4,500 | |
Miwon Kwon Trustee & Treasurer | 6 | $4,500 | |
Stephan Pascher Trustee | 6 | $4,500 | |
Kirsi Peltomaki Trustee | 6 | $4,500 | |
Stephen James Prina Trustee | 6 | $4,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $131 |
| Dividends & Interest | $32,255 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,904 |
| Capital Gain Net Income | $8,904 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $41,290 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $58,225 |
| Other employee salaries and wages | $18,850 |
| Pension plans, employee benefits | $933 |
| Interest | $0 |
| Taxes | $2,716 |
| Depreciation | $0 |
| Occupancy | $18,540 |
| Travel, conferences, and meetings | $20,226 |
| Printing and publications | $0 |
| Other expenses | $55,154 |
| Total operating and administrative expenses | $275,392 |
| Contributions, gifts, grants paid | $80,000 |
| Total expenses and disbursements | $355,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Total assets | $0 |
| 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 |
Grants Awarded
Over the last fiscal year, Michael Asher Foundation has awarded $80,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
LIBRARY ASSOCIATION OF LA JOLLA DBA ATHENAEUM MUSIC & ARTS LIBRARY PURPOSE: GENERAL UNRESTRICTED CONTRIBUTION | $2,500 |
ARTISTS SPACE PURPOSE: GENERAL UNRESTRICTED CONTRIBUTION | $2,500 |
THE CENTER FOR LAND USE INTERPRETATION PURPOSE: GENERAL UNRESTRICTED CONTRIBUTION | $2,500 |
EQUITABLE VITRINES PURPOSE: GENERAL UNRESTRICTED CONTRIBUTION | $2,500 |
CALIFORNIA INSTITUTE OF THE ARTS PURPOSE: SUPPORT FOR THE PUBLICATION ACCOMPANYING JOHN KNIGHT'S A WORK IN SITU EXHIBITION AT THE GALLERY AT REDCAT | $7,500 |
LOS ANGELES COUNTY MUSEUM OF ART PURPOSE: SUPPORT FOR THE LOS ANGELES COUNTY MUSEUM OF ART SATELLITE GALLERY AT THE CHARLES WHITE ELEMENTARY SCHOOL | $5,000 |