Niki Charitable Art Foundation
- Assets
- $36.1m
- Revenue
- $1.2m
- Investments
- $13.9m
- Employees
- 0
- Location
- Park City, UT
- Founding
- 11/2002
- Data as of
- 12/2021
- EIN
- 47-6245971
Organization Overview
Niki Charitable Art Foundation is located in Park City, UT. The organization was established in 2002. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Niki Charitable Art 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, Niki Charitable Art Foundation generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $756.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Niki Charitable Art Foundation has awarded 50 individual grants totaling $125,638. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
THE PURPOSE OF THE FOUNDATION IS TO PROVIDE FOR THE PRESERVATION, RESTORATION, DISPLAY, PRESENTATION, AND INTERPRETATION OF THE NIKI DE SAINT PHALLE COLLECTION AND THE CYCLOPS IN PARIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bloum Cardenas Trustee | 15 | $50,000 | |
Marcelo Zitelli Trustee | 10 | $50,000 | |
David Stevenson Trustee | 20 | $50,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Array Kinetics Llc | 12/30/20 | $169,301 |
Jonathan Bruce Williams J B William | 12/30/20 | $75,000 |
Art Mosaic Inc | 12/30/20 | $84,189 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,000 |
| Interest on Savings | $1,888 |
| Dividends & Interest | $106,169 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $407,796 |
| Capital Gain Net Income | $407,796 |
| Net ST Capital Gain | $21,999 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $714,774 |
| Total Revenue | $1,233,627 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $182,524 |
| Other employee salaries and wages | $92,570 |
| Pension plans, employee benefits | $11,006 |
| Interest | $0 |
| Taxes | $19,366 |
| Depreciation | $26,730 |
| Occupancy | $20,194 |
| Travel, conferences, and meetings | $110,927 |
| Printing and publications | $0 |
| Other expenses | $140,032 |
| Total operating and administrative expenses | $703,744 |
| Contributions, gifts, grants paid | $52,693 |
| Total expenses and disbursements | $756,437 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,153 |
| Savings and temporary cash investments | $2,961,091 |
| 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 | $850,000 |
| Net Land, buildings, and equipment | $795,375 |
| Other assets | $18,316,923 |
| Total assets | $36,058,795 |
| 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, Niki Charitable Art Foundation has awarded $52,693 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
San Diego, CA PURPOSE: ART PROGRAM | $16,000 |
IL GIARDINO DEI TAROCCHI PURPOSE: SUPPORT DINNER EVENT FOR FUNDRAISING | $14,316 |
ASPEN INSTITUTE PURPOSE: SUPPORT TO ASSIST ENHANCED DISSIMINATION ACTIVITIES FOR THE ASPEN INSTITUTE'S NATIONAL STUDY OF ARTIST-ENDOWED FOUNDATIONS, ADDRESSING PRIVATE FOUNDATIONS CREATED BY VISUAL ARTISTS IN THE US | $10,000 |
HILLTOP HIGH SCHOOL PURPOSE: ART EDUCATION PROGRAM | $6,000 |
SEQUOIA ELEMENTARY SCHOOL PURPOSE: ART EDUCATION PROGRAM | $2,000 |
New York, NY PURPOSE: ART PROGRAM | $1,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kirk Humanitarian Salt Lake City, UT | $3,740,895 | $18,227,954 |
Early Learning Ventures Englewood, CO | $2,919,748 | $7,396,606 |
Friends Of Football Inc Pueblo, CO | $0 | $209,272 |
Carl And Marilynn Thoma Art Foundation Santa Fe, NM | $0 | $36,422,281 |
Secure World Foundation Broomfield, CO | $14,993,930 | $1,932,804 |
The Harold James Family Trust Prescott, AZ | $66,905,399 | $283,174 |
Smith-Pettit Foundation Salt Lake City, UT | $17,077,346 | $1,780,934 |
Foundation For A Better Life Denver, CO | $1,182,191 | $2,044,000 |
International Spine Study Group Foundation Brighton, CO | $5,806,474 | $2,130,790 |
Roc Foundation Reno, NV | $811,828 | $1,026,819 |
National Center On Shaken Baby Syndrome Farmington, UT | $942,258 | $989,551 |
Niki Charitable Art Foundation Park City, UT | $36,058,795 | $1,233,627 |