Frauke And Willem De Looper Foundation For The Arts
- Assets
- $7.6m
- Revenue
- $18.4k
- Investments
- $2.2m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 08/2019
- Data as of
- 12/2022
- EIN
- 83-2896109
Organization Overview
Frauke And Willem De Looper Foundation For The Arts is located in Washington, DC. The organization was established in 2019. According to its NTEE Classification (A51) the organization is classified as: Art Museums, 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. Frauke And Willem DE Looper 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, Frauke And Willem DE Looper Foundation For The Arts generated $18.4k in total revenue. All expenses for the organization totaled $290.4k during the year ending 12/2022.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CONTINUING EXAMINATION OF THE COLLECTION TO IMPROVE ITS LONG-TERM STABILITY, WHICH INCLUDES REHOUSING ITEMS, REFRAMING, RESTORING AND PHOTOGRAPHING AND MEASURING ITEMS TO ADD TO COLLECTION DATABASE.
GALLERY EXHIBITION, CATALOGS AND VIDEO, HELD AT HEMPHILL GALLERY IN DC.
PREPARATION OF PAINTING TO BE DONATED TO THE OKLAHOMA CITY MUSEUM OF ART.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Crigler Chair | 2 | $10,000 | |
Jack Rasmussen Director | 1 | $10,000 | |
Sarah Tanguy Secretary | 2 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $78,400 |
| Interest on Savings | $0 |
| Dividends & Interest | $50,340 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$110,386 |
| Capital Gain Net Income | $21,484 |
| Net ST Capital Gain | $21,484 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,354 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $358 |
| Depreciation | $0 |
| Occupancy | $59,860 |
| Travel, conferences, and meetings | $4,783 |
| Printing and publications | $488 |
| Other expenses | $54,768 |
| Total operating and administrative expenses | $290,394 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $290,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,274 |
| Savings and temporary cash investments | $32,736 |
| Net Accounts receivable | $9,600 |
| 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 | $93,974 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,336,555 |
| Total assets | $7,637,037 |
| 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, Frauke And Willem De Looper Foundation For The Arts has awarded $72,100 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN UNIVERSITY PURPOSE: ART DONATION FOR PUBLIC EDUCATION | $44,100 |
THE PHILLIPS COLLECTION PURPOSE: ART DONATION FOR PUBLIC EDUCATION | $6,000 |
THE PHILLIPS COLLECTION PURPOSE: ART DONATION FOR PUBLIC EDUCATION | $22,000 |