Gordon Samstag Fine Arts Trust
- Assets
- $8.7m
- Revenue
- $1.3m
- Investments
- $7.7m
- Employees
- 0
- Location
- Jacksonville, FL
- Founding
- 07/1992
- Data as of
- 12/2021
- EIN
- 65-6064217
Organization Overview
Gordon Samstag Fine Arts Trust is located in Jacksonville, FL. The organization was established in 1992. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, 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. Gordon Samstag Fine Arts Trust 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, Gordon Samstag Fine Arts Trust generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 67.3% each year . All expenses for the organization totaled $568.2k during the year ending 12/2021. While expenses have increased by 9.2% per year over the past 4 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.
Since 2020, Gordon Samstag Fine Arts Trust has awarded 32 individual grants totaling $1,279,735. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ADMINISTRATION OF THE GORDON SAMSTAG SCHOLARSHIP PROGRAM PERMITS AUSTRALIAN VISUAL ART STUDENTS TO STUDY ART IN AN ART INSTITUTE OR UNIVERSITY SETTING OUTSIDE AUSTRALIA FOR ONE YEAR. ADMINISTRATION INCLUDES THE APPLICATION AND SELECTION PROCESS, THE DISBURSEMENT OF THE AWARDS AND THE OVERSIGHT OF THE RECIPIENTS AND THEIR STUDIES. DURING 2021, FIVE STUDENTS WERE RECEIVING SCHOLARSHIP ASSISTANCE.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $333 |
| Dividends & Interest | $203,704 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,144,132 |
| Capital Gain Net Income | $1,158,160 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $108 |
| Total Revenue | $1,348,277 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $98,676 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,919 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $153,399 |
| Total operating and administrative expenses | $310,657 |
| Contributions, gifts, grants paid | $257,581 |
| Total expenses and disbursements | $568,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $988,078 |
| 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 | $1,475,633 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,719,978 |
| 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, Gordon Samstag Fine Arts Trust has awarded $450,071 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Alexandria, VA PURPOSE: GRANT FOR FUNDING OF VISUAL ARTS SCHOLARSHIPS AND ADMINISTRATION OF SAME. | $159,084 |
JANE SKEER PURPOSE: UNCONFIRMED PROGRAM OF STUDY AT AN UNCONFIRMED INSTITUTION | $91,594 |
KATE POWER PURPOSE: MASTER OF FINE ARTS, GLASGOW SCHOOL OF ART, GLASGOW UK | $53,297 |
TRENT CRAWFORD PURPOSE: INDEPENDENT STUDY PROGRAMME AT MAUMAUS SCHOOL OF ARTS LISBON PORTUGAL | $48,728 |
MARLEE MCMAHON PURPOSE: MASTER OF FINE ARTS, PIET ZWART INSTITUTE, ROTTERDAM THE NETHERLANDS | $27,707 |
MARLEE MCMAHON PURPOSE: MASTER OF FINE ARTS, PIET ZWART INSTITUTE, ROTTERDAM THE NETHERLANDS | $25,722 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Professional Photographers Of America Inc Atlanta, GA | $48,960,545 | $12,325,076 |
Georgia Association Of Manufacturers Inc Atlanta, GA | $2,700,140 | $2,292,406 |
Two Red Roses Foundation Inc St Petersburg, FL | $81,826,203 | $5,214,247 |
The Armory Art Center Inc West Palm Beach, FL | $4,340,445 | $2,084,067 |
Forward Arts Foundation Inc Atlanta, GA | $5,240,641 | $1,648,904 |
Lighthouse Artcenter Inc Tequesta, FL | $3,825,019 | $2,482,262 |
Robert Craft Igor Stravinsky Foundation boca raton, FL | $11,119,320 | $752,022 |
The Studios Of Key West Inc Key West, FL | $13,984,404 | $3,906,460 |
Palm Beach Photographic Centre Inc West Palm Beach, FL | $1,110,051 | $866,676 |
Bakehouse Art Complex Inc Miami, FL | $1,346,627 | $1,198,887 |
Ann Norton Sculpture Gardens Inc West Palm Beach, FL | $4,892,273 | $1,857,308 |
National Press Photographers Association Inc Athens, GA | $607,292 | $735,008 |