Carnegie Hall Foundation Inc
- Assets
- $2.3m
- Revenue
- $253.2k
- Investments
- $227.2k
- Employees
- 0
- Location
- Lewisburg, WV
- Founding
- 02/2005
- Data as of
- 12/2021
- EIN
- 55-0734101
Organization Overview
Carnegie Hall Foundation Inc is located in Lewisburg, WV. The organization was established in 2005. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, 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. Carnegie Hall Foundation Inc 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, Carnegie Hall Foundation Inc generated $253.2k 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 (3.4%) each year. All expenses for the organization totaled $105.0k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CARNEGIE HALL FOUNDATION'S MISSION IS TO CREATE AND GROW A PERMANENT ENDOWMENT TO PROTECT THE FUTURE OF CARNEGIE HALL, INC. AS NECESSARY, THE FOUNDATION MAY USE A PORTION OF THE ENDOWMENT'S EARNINGS EACH YEAR TO SUPPORT CARNEGIE HALL, INC, ARTS EDUCATION AND PERFORMANCE PROGRAMMING, OPERATIONS, AND PRESERVATION OF THE HISTORIC BUILDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZIATION MISSION AS PREVIOUSLY STATED
THE ORGANIZIATION MISSION AS PREVIOUSLY STATED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trip Hamilton President & Director | OfficerTrustee | 1 | $0 |
Todd Waggy Treasurer & Director | OfficerTrustee | 1 | $0 |
David Kirby Secretary & Director | OfficerTrustee | 1 | $0 |
Thomas W White Board Member | OfficerTrustee | 1 | $0 |
Shirley Runyon Vice President & Director | Trustee | 1 | $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 | $6,150 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,150 |
| Total Program Service Revenue | $0 |
| Investment income | $91,939 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $152,070 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $253,159 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $66,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,115 |
| Fees for services: Accounting | $6,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,921 |
| Fees for services: Other | $40 |
| Advertising and promotion | $0 |
| Office expenses | $456 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $250 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $995 |
| All other expenses | $0 |
| Total functional expenses | $105,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156,689 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,905,021 |
| Investments—other securities | $227,240 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,288,950 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $2,288,950 |
| Net assets with donor restrictions | $0 |
| 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 | $2,288,950 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Carnegie Hall Foundation Inc has recieved totaling $11,800.
| Awarding Organization | Amount |
|---|---|
Greater Greenbrier Valley Community Foundation Lewisburg, WV PURPOSE: OPERATIONS | $10,800 |
Abner & Mildred Levine Family Foundation Boca Raton, FL PURPOSE: TO FURTHER THE CHARITABLE FUNCTION OF THE FOUNDATION | $1,000 |
Endowment Analysis
| Beg. Balance | $2,099,401 |
| Earnings | $260,565 |
| Admin Expense | $25,599 |
| Grants | $65,000 |
| Ending Balance | $2,269,367 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Virginia Museum Of Fine Arts Foundation Richmond, VA | $286,070,393 | $48,848,372 |
Pbs Foundation Arlington, VA | $37,997,942 | $17,786,379 |
Virginia Foundation For Public Media Richmond, VA | $185,376,659 | $5,025,363 |
Commonwealth Fund For Ket Inc Lexington, KY | $35,205,433 | $8,912,254 |
Toledo Alliance For The Performing Arts Toledo, OH | $24,676,048 | $6,839,703 |
Mary Louise Curtis Bok Foundation Philadelphia, PA | $100,159,634 | $12,712,681 |
Air Force Museum Foundation Inc Wright Patterson Afb, OH | $28,184,823 | $8,102,292 |
Pbs39 Foundation Corporation Bethlehem, PA | $103,089,426 | $11,164,328 |
John L Severance Brooklyn, OH | $58,165,574 | $2,331,201 |
Academy Of Music Of Philadelphia Inc Philadelphia, PA | $30,910,650 | $3,266,946 |
Mpt Foundation Inc Owings Mills, MD | $15,645,200 | $7,324,843 |
Walters Art Gallery Endowment Fd Mercantile Safe Dep & Tr Co Tr Pittsburgh, PA | $45,504,203 | $6,881,220 |