Halsted A&a Foundation
- Assets
- $88.4m
- Revenue
- $60.6m
- Investments
- $47.9m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 11/2015
- Data as of
- 05/2022
- EIN
- 47-4175954
Organization Overview
Halsted A&a Foundation is located in Chicago, IL. The organization was established in 2015. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, 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. Halsted A&a 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 05/2022, Halsted A&a Foundation generated $60.6m in total revenue. All expenses for the organization totaled $10.3m during the year ending 05/2022. While expenses have increased by 97.2% per year over the past 3 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROMOTION AND CONSERVATION OF MODERN AND CONTEMPORARY ARCHITECTURE, AND PROMOTION OF FINE ARTS, WITH A PARTICULAR EMPHASIS ON ASIAN, ANCIENT NEAT EASTERN, GREEK, ROMAN AND EGYPTIAN ART. THE FOUNDATION HAS A COLLECTION OF FINE ART OBJECTS HELD FOR EDUCATIONAL, RESEARCH AND CURATORIAL PURPOSES. UNDER THE FOUNDATION'S COLLECTIONS MANAGEMENT POLICY, ALL OBJECTS ARE CATALOGUED, PRESERVED, AND PROVIDED WITH ONGOING CARE. ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED ON A REGULAR BASIS. TITLES TO THE COLLECTION OF WORKS RESIDE WITH THE FOUNDATION. OBJECTS ON LOAN REMAIN PROPERTY OF FOUNDATION, BUT ARE NOT INCLUDED IN THE FOUNDATION'S COMBINED FINANCIAL STATEMENTS. PURCHASES OF OBJECTS ARE RECORDED AS AN EXPENSE IN THE FOUNDATION'S STATEMENT OF ACTIVITIES, AND CHANGES IN NET ASSETS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Manchester Director | 1 | $28,266 | |
John Twilley Director | 1 | $17,540 | |
Terry Yale Feiertag Director & Secretary | 1 | $10,000 | |
Daniel Whittaker Director | 1 | $10,000 | |
Fred Eychaner President & Treasurer | 1 | $0 | |
Joan Barry Asst. Secretary | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Masterpiece Ltd | 5/30/20 | $119,827 |
Samir Bitar | 5/30/20 | $65,981 |
Tessitura Network Inc | 5/30/20 | $50,834 |
Jwsc Llc | 5/30/20 | $53,042 |
Tencia De Transpotrs Internacionales | 5/30/20 | $50,493 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $60,004,461 |
| Interest on Savings | $0 |
| Dividends & Interest | $448,989 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $194,185 |
| Capital Gain Net Income | $7,542,786 |
| Net ST Capital Gain | $5,017 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $60,647,635 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $65,806 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $110,244 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,014,572 |
| Total operating and administrative expenses | $10,276,882 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $10,276,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,094,649 |
| Savings and temporary cash investments | $18,374,841 |
| 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 | $4,609 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $47,305 |
| Total assets | $88,383,933 |
| Accounts payable and accrued expenses | $12,843 |
| 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 | $12,843 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
James S Mcdonnell Foundation St Louis, MO | $496,119,714 | $80,243,658 |
Patterson Family Foundation Kansas City, MO | $1,526,002,008 | $1,174,628,172 |
Paul M Angell Family Foundation Chicago, IL | $1,816,327 | $24,997,411 |
Alfred And Isabel Bader 2014 Charitable Trust Milwaukee, WI | $88,717,556 | $62,553,918 |
Nina Mason Pulliam Charitable Tr Indianapolis, IN | $513,484,211 | $27,103,020 |
Anthony Pritzker Fam Foundation Chicago, IL | $0 | $37,184,888 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Paula And Rodger Riney Foundation St Louis, MO | $118,536,395 | $1,770,419 |
Pritzker Traubert Foundation Chicago, IL | $0 | $14,671,849 |
Fund For Wisconsin Scholars Inc Madison, WI | $273,321,225 | $22,010,196 |
John W Anderson Foundation Valparaiso, IN | $342,409,938 | $34,395,256 |
Motorola Solutions Foundation Chicago, IL | $427,877 | $12,200,078 |