Century Arts Foundation
- Assets
- $7.0m
- Revenue
- $781.4k
- Investments
- $6.8m
- Employees
- 0
- Location
- Sag Harbor, NY
- Founding
- 07/2009
- Data as of
- 12/2021
- EIN
- 80-0293886
Organization Overview
Century Arts Foundation is located in Sag Harbor, NY. The organization was established in 2009. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Century Arts 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 12/2021, Century Arts Foundation generated $781.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $432.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Century Arts Foundation has awarded 71 individual grants totaling $1,799,784. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justine Juleen Compton Vp/treasurer | 40 | $72,800 | |
Nicholas Wentworth President/secretary | 40 | $72,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $212,388 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $569,013 |
| Capital Gain Net Income | $569,013 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $781,401 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $145,600 |
| Other employee salaries and wages | $18,000 |
| Pension plans, employee benefits | $10,903 |
| Interest | $0 |
| Taxes | $17,794 |
| Depreciation | $1,176 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,220 |
| Printing and publications | $0 |
| Other expenses | $41,887 |
| Total operating and administrative expenses | $242,680 |
| Contributions, gifts, grants paid | $190,000 |
| Total expenses and disbursements | $432,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,009 |
| Savings and temporary cash investments | $150,531 |
| 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 | $6,827,759 |
| Net Land, buildings, and equipment | $7,412 |
| Other assets | $2,407 |
| Total assets | $7,048,118 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $237 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,111 |
| Total liabilities | $1,348 |
Grants Awarded
Over the last fiscal year, Century Arts Foundation has awarded $190,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BAY STREET THEATRE PURPOSE: TOWARDS PRODUCTION EXPENSES OF LITERATURE LIVE! OF MACBETH BY WILLIAM SHAKESPEARE | $60,000 |
Bridgehampton, NY PURPOSE: 3RD AND LAST INSTALLMENT AS PER 2019 GRANT PROPOSAL, CENTURY ARTS CODING CLUB | $50,000 |
BARD PRISON INITIATIVE (BPI) BARD COLLEGE PURPOSE: TO SUPPORT THE LIBERAL ARTS PROGRAM FOR INCARCERAGED MEN & WOMEN | $50,000 |
Sag Harbor, NY PURPOSE: EXHIBITS AND HISTORICAL PRESERVATION | $15,000 |
OLA OF EASTERN LONG ISLAND PURPOSE: LATINX YOUTH CAREER MENTORING PROGRAM | $10,000 |
Sag Harbor, NY PURPOSE: TO SUPPORT THE FOOD PANTRY PROGRAM | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |