Altos De Chavon Cultural Center Foundation
- Assets
- $290.1k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 2
- Location
- New York, NY
- Founding
- 03/1983
- Data as of
- 06/2022
- EIN
- 52-1281651
Organization Overview
Altos De Chavon Cultural Center Foundation is located in New York, NY. The organization was established in 1983. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Altos DE Chavon Cultural Center Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Altos DE Chavon Cultural Center 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 06/2022, Altos DE Chavon Cultural Center Foundation generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $2.4m during the year ending 06/2022. While expenses have increased by 4.7% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION ADMINISTERS THE ALTOS DE CHAVON SCHOOL OF ART AND DESIGN, THE REGIONAL MUSEUM OF ARCHAEOLOGY, THE ARTIST IN RESIDENCE PROGRAM AND THE GALLERY, ALL OF WHICH ARE LOCATED IN ALTOS DE CHAVON AND CASA DE CHAVON IN THE DOMINICAN REPUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FOR TEACHING EXPENSES, STUDENT SERVICES, ADMISSIONS, STUDENT RESIDENCES, PUBLIC RELATIONS, AND SPECIAL EDUCATIONAL PROGRAMS.
THE MUSEUM OF ARCHAEOLOGY, LOCATED IN LA ROMANA AND INAUGURATED IN 1981, DOCUMENTS THE IMPORTANT INDIGENOUS LEGACY OF THE ISLAND OF SANTO DOMINGO AND FUNCTIONS AS A VALUABLE SOURCE OF INFORMATION FOR THE THOUSANDS OF STUDENTS AND VISITORS IT RECEIVES EVERY YEAR. AS A DIVISION WITHIN THE ALTOS DE CHAVN CULTURAL CENTER FOUNDATION, THE MUSEUM FUNCTIONS AS A CENTER OF SCIENTIFIC AND CULTURAL RESEARCH, OFFERING A BROAD PROGRAM OF TALKS, WORKSHOPS, PRESENTATIONS, TEMPORARY EXHIBITS, AND RESEARCH EXCURSIONS TO RURAL AREAS. THE ART GALLERY AT CHAVN PRESENTS WORKS THAT EXPLORE THE MANY TRENDS IN THE WORLD OF ART. SHOWS INCLUDE VARIOUS ART FORMS PHOTOGRAPHY, PAINTING, DRAWING, SCULPTURE, AND CRAFTS PUTTING VISITORS IN CONTACT WITH THE GREAT VARIETY AND VITALITY OF CONTEMPORARY CULTURAL CURRENTS.DUE TO THE PANDEMIC, SINCE MARCH OF 2020, THE MUSEUM AND GALLERY HAVE BEEN CLOSED TO THE GENERAL PUBLIC. SOME EXPENSES CONTINUE TO BE BILLED, EVEN THOUGH OPERATIONS HAVE TEMPORARILY CEASED. STAFF MEMBERS OF BOTH THE GALLERY AND MUSEUM WERE LAID OFF IN MAY OF LAST YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen D Kaplan Rector Of The School | OfficerTrustee | 60 | $75,000 |
Dominique Bluhdorn President | OfficerTrustee | 30 | $0 |
Ramon A Menendez Vice President | OfficerTrustee | 0 | $0 |
Johanna Martinez-Lima Secretary | OfficerTrustee | 0 | $0 |
Eduardo Martinez-Lima Director | Trustee | 0 | $0 |
Leonardo Matos Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $413,651 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $413,651 |
| Total Program Service Revenue | $1,340,839 |
| Investment income | $7 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,754,497 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $109,885 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $78,625 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $685,720 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $92,097 |
| Payroll taxes | $54,713 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,739 |
| Fees for services: Accounting | $2,344 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $73,634 |
| Advertising and promotion | $38,416 |
| Office expenses | $377,793 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $57,964 |
| Travel | $55,031 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,144 |
| Insurance | $15,325 |
| All other expenses | $53,923 |
| Total functional expenses | $2,382,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,212 |
| Savings and temporary cash investments | $24,445 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $179,926 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,050 |
| Prepaid expenses and deferred charges | $2,062 |
| Net Land, buildings, and equipment | $50,485 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,939 |
| Total assets | $290,119 |
| Accounts payable and accrued expenses | $144,772 |
| Grants payable | $0 |
| Deferred revenue | $111,206 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,398,160 |
| Total liabilities | $2,654,138 |
| Net assets without donor restrictions | -$2,400,873 |
| Net assets with donor restrictions | $36,854 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $290,119 |