Garcia Family Foundation For Art Culture And Education
- Assets
- $9.6m
- Revenue
- $494.6k
- Investments
- $9.4m
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/2015
- Data as of
- 12/2021
- EIN
- 47-1089574
Organization Overview
Garcia Family Foundation For Art Culture And Education is located in New York, NY. The organization was established in 2015. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Garcia Family Foundation For Art Culture And Education 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, Garcia Family Foundation For Art Culture And Education generated $494.6k 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 (36.2%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Garcia Family Foundation For Art Culture And Education has awarded 194 individual grants totaling $5,348,240. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISE, MANAGE,OVERSEE AND DISBURSE FUNDS FOR THE DEVELOPMENT, PROMOTION, PRESERVATION AND DISSEMINATION OF CULTURAL, EDUCATIONAL AND ARTISTIC TRADITIONAL AND INSTITUTIONS IN THE UNITED STAATES AND REPUBLIC OF BRAZIL. TO PROTECT, PRESERVE AND INTRODUCE YOUNG PEOPLE TO ART, CULTURE AND EDUCATION AND TO COMMIT RESOURCES TO INSTITUTIONS SUPPORTING THE CAUSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Renata Santiago Orphao Garcia President | 0 | $0 | |
Claudio Moniz Barreto Garcia Treasurer | 0 | $0 | |
Maria Isabel Garcia Dos Santos Niva Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $450,000 |
| Interest on Savings | $38 |
| Dividends & Interest | $44,596 |
| 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 | $494,634 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $40,769 |
| Pension plans, employee benefits | $31,246 |
| Interest | $0 |
| Taxes | $6,964 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $38,552 |
| Total operating and administrative expenses | $162,456 |
| Contributions, gifts, grants paid | $900,288 |
| Total expenses and disbursements | $1,062,744 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $195,253 |
| 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 | $9,631,499 |
| 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, Garcia Family Foundation For Art Culture And Education has awarded $900,288 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: SCHOLARSHIP ASSIST | $100,000 |
Bronx, NY PURPOSE: SCHOLARSHIP | $100,000 |
GENERATIONYOUEMPLOYED INC PURPOSE: CHARITABLE PROJECT | $50,000 |
New York, NY PURPOSE: CHARITABLE PROJECT | $50,000 |
THE DALTON SCHOOL PURPOSE: SCHOLARSHIP ASSIST | $50,000 |
THE BUCKLEY SCHOOL PURPOSE: CHARITABLE PROJECT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Edith L Trees Charitable Trust Pittsburgh, PA | $351,552,610 | $23,983,044 |
Natural Heritage Trust Albany, NY | $68,314,961 | $23,861,363 |
Hollow Metal Trust Fund New York, NY | $38,290,021 | $12,661,866 |
Halvorsen Family Foundation Greenwich, CT | $235,306,066 | $4,015,208 |
Adp Foundation Roseland, NJ | $23,560,078 | $20,725,290 |
Lynch Foundation Boston, MA | $176,006,196 | $42,142,694 |
Foundation Berma New York, NY | $320,553,699 | $33,382,644 |
Bam Endowment Trust Brooklyn, NY | $106,959,115 | $5,566,840 |
John R Oishei Consolidated Tr 01091998 Buffalo, NY | $21,967,662 | $5,743,689 |
Goldstein Family Foundation Spring Valley, NY | $15,534,248 | $10,502,547 |
Sol Goldman Charitable Trust New York, NY | $0 | $3,639,060 |
Schwartz Fam Foundation Tr New York, NY | $15,701,646 | $4,641,500 |