Cisneros Fontanals Foundation For The Arts
- Assets
- $2.1k
- Revenue
- $635.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, FL
- Founding
- 05/2003
- Data as of
- 12/2022
- EIN
- 54-2081286
Organization Overview
Cisneros Fontanals Foundation For The Arts is located in Miami, FL. The organization was established in 2003. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cisneros Fontanals Foundation For The Arts 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 12/2022, Cisneros Fontanals Foundation For The Arts generated $635.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $759.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Cisneros Fontanals Foundation For The Arts has awarded 131 individual grants totaling $1,084,223. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CIFO'S EXHIBITION SPACE DID NOT HOLD ANY MAJOR ART EXHIBITIONS DURING THE YEAR. THE FOUNDATION HAS PROVIDED PUBLIC PROGRAMS, GUIDED TOURS FOR SCHOOLS, LECTURES, AND PANEL DISCUSSIONS WITH ARTISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ella Fontanals DE Cisneros Honorary President | 2 | $0 | |
Mariela Cisneros-Mestre Director | 1 | $0 | |
Manuel E Gonzalez Emeritus Member | 1 | $0 | |
Claudia Cisneros Director | 1 | $0 | |
Mayi DE La Vega Director | 1 | $0 | |
Lisa Philips Emeritus Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $631,700 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $3,716 |
| Total Revenue | $635,416 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $221,515 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $46,670 |
| Depreciation | $2,614 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $285,737 |
| Total operating and administrative expenses | $675,715 |
| Contributions, gifts, grants paid | $84,145 |
| Total expenses and disbursements | $759,860 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $239 |
| 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 | $1,832 |
| Other assets | $0 |
| Total assets | $2,071 |
| Accounts payable and accrued expenses | $132,307 |
| 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 | $132,307 |
Grants Awarded
Over the last fiscal year, Cisneros Fontanals Foundation For The Arts has awarded $83,527 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CARLOS ANDRES RAMIREZ GAVIRIA PURPOSE: TO SUPPORT ARTS | $4,000 |
ADRIAN MELIS SOSA PURPOSE: TO SUPPORT ARTS | $4,000 |
JOHANNA BARILIER PURPOSE: TO SUPPORT ARTS | $7,500 |
ALBA TRIANA PURPOSE: TO SUPPORT ARTS | $4,000 |
ROSENBERG SANDOVAL GOMEZ PURPOSE: TO SUPPORT ARTS | $10,000 |
AMOR IVETT MUNOZ MALDONADO PURPOSE: TO SUPPORT ARTS | $45,000 |