Alice Trumbull Mason Foundation Inc
- Assets
- $5.1m
- Revenue
- $5.4m
- Investments
- $345.8k
- Employees
- 0
- Location
- New York, NY
- Founding
- Data as of
- 12/2021
- EIN
- 84-1973407
Organization Overview
Alice Trumbull Mason Foundation Inc is located in New York, NY. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Alice Trumbull Mason 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, Alice Trumbull Mason Foundation Inc generated $5.4m in total revenue. All expenses for the organization totaled $584.1k during the year ending 12/2021. While expenses have increased by 216.0% per year over the past 2 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION EXPANDED ITS MISSION TO INCLUDE AN ADDITION OF THE ARTWORK ASSETS AND ARCHIVE OF ARTIST AND PAINTER EMILY MASON. THE FOUNDATION OVERSAW MULTIPLE CAMPAIGNS ON BEHALF OF ITS ARTISTS AND LEGACY, INCLUDING THE AUCTION OF NON-MISSION PRIMARY ARTWORKS AS WELL AS TWO MAJOR GALLERY EXHIBITIONS AND MARKETING CAMPAIGNS OF ITS PRIMARY ARTISTS' WORKS. THE FOUNDATION MOVED ITS OPERATIONS TO A NEW PHYSICAL LOCATION. THE FOUNDATION RECEIVED AND MOVED ITS INVENTORY OF ARTWORK AND ARCHIVE TO NEW FACILITIES FOR LONG-TERM STORAGE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven R Rose President | 5 | $110,971 | |
Marela Zacarias Secretary | 1 | $0 | |
Janis Stemmermann Chair | 1 | $0 | |
Tamill Kapp Treasurer | 1 | $0 | |
Melany Kahn Director | 1 | $0 | |
Cecily Kahn Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,555,489 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,025 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $823,847 |
| Capital Gain Net Income | $823,847 |
| Net ST Capital Gain | $822,570 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,380,361 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $110,971 |
| Other employee salaries and wages | $49,471 |
| Pension plans, employee benefits | $14,970 |
| Interest | $0 |
| Taxes | $13,450 |
| Depreciation | $0 |
| Occupancy | $2,039 |
| Travel, conferences, and meetings | $13,180 |
| Printing and publications | $0 |
| Other expenses | $197,818 |
| Total operating and administrative expenses | $583,064 |
| Contributions, gifts, grants paid | $1,000 |
| Total expenses and disbursements | $584,064 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $268,413 |
| Savings and temporary cash investments | $608,049 |
| 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 | $345,774 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,915,195 |
| Total assets | $5,137,431 |
| Accounts payable and accrued expenses | $600 |
| 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 | $600 |
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