Moholy-Nagy Foundation Inc
- Assets
- $2.2m
- Revenue
- $90.7k
- Investments
- $1.9m
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- 12/2004
- Data as of
- 12/2021
- EIN
- 77-0612896
Organization Overview
Moholy-Nagy Foundation Inc is located in Ann Arbor, MI. The organization was established in 2004. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Moholy-Nagy 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, Moholy-Nagy Foundation Inc generated $90.7k 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 (4.8%) each year. All expenses for the organization totaled $82.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SET-UP, REVISIONS, AND MAINTENANCE OF THE FOUNDATION'S WEBSITE IN ORDER TO ALLOW THE PUBLIC TO RESEARCH LAZLO MOHOLY-NAGY'S ARTWORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Natalia Hug Director | 25 | $22,000 | |
Andreas L Hug Archivist | 2 | $11,500 | |
Hattula Moholy-Nagy Board Member | 2 | $0 | |
Daniel C Hug Secretary | 1 | $0 | |
Kristen Hug Treasurer | 1 | $0 | |
Andras Szanto Board Member | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $27,738 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $61,625 |
| Capital Gain Net Income | $61,625 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,287 |
| Total Revenue | $90,650 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $33,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,275 |
| Total operating and administrative expenses | $76,104 |
| Contributions, gifts, grants paid | $6,000 |
| Total expenses and disbursements | $82,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,052 |
| Savings and temporary cash investments | $135,408 |
| 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 | $238,602 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,154,472 |
| 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, Moholy-Nagy Foundation Inc has awarded $13,100 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
VALERIA CARULLO PURPOSE: PUBLISHING GRANT FOR MS. CARULLO'S BOOK MOHOLY-NAGY IN BRITAIN | $9,000 |
ISOKON GALLERY TRUST PURPOSE: GRANT TO PURCHASE PUBLICATION, TELEHOR VOLS 1, DEVOTED TO MOHOLY-NAGY'S WORK FOR MUSEUM COLLECTION | $2,600 |
Chicago, IL PURPOSE: EDUCATIONAL GRANT TO PRESERVE ART ASSETS AND HISTORICAL ACCOUNTS OF ARTISTS. | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Midland Center For The Arts Inc Midland, MI | $105,520,024 | $38,518,398 |
John Michael Kohler Arts Center Inc Sheboygan, WI | $91,886,755 | $7,533,321 |
Bertha D Garten Ketcham Memorial Center Inc Odon, IN | $9,035,091 | $6,675,118 |
Kohler Trust For The Arts And Education Kohler, WI | $9,068,772 | $5,585,156 |
The Center For The Performing Arts Inc Carmel, IN | $11,269,434 | $4,631,898 |
Milwaukee County War Memorial Inc Milwaukee, WI | $14,315,972 | $2,406,675 |
Beck Center For The Arts Lakewood, OH | $7,579,389 | $3,024,551 |
The Ark Ann Arbor, MI | $4,959,177 | $2,583,819 |
The Works Ohio Center Of History Art & Technology Newark, OH | $33,943,893 | $2,939,769 |
Phipps Center For The Arts Inc Hudson, WI | $10,511,884 | $2,040,286 |
Ashwabay Alliance Inc Washburn, WI | $4,876,246 | $2,182,300 |
Gildas Club-Metro Detroit Royal Oak, MI | $2,293,053 | $1,222,316 |