Roy Lichtenstein Foundation
- Assets
- $81.3m
- Revenue
- $1.7m
- Investments
- $42.5m
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/1998
- Data as of
- 12/2022
- EIN
- 91-1898350
Organization Overview
Roy Lichtenstein Foundation is located in New York, NY. The organization was established in 1998. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Roy Lichtenstein 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 12/2022, Roy Lichtenstein Foundation generated $1.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $4.4m during the year ending 12/2022. While expenses have increased by 5.1% per year over the past 8 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 2015, Roy Lichtenstein Foundation has awarded 102 individual grants totaling $51,726,217. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORAL HISTORY PROJECT-RECORDED INTERVIEWS WITH R. LICHTENSTEIN ACQUAINTANCES, FAMILY, COLLECTORS, FRIENDS AND STAFF MEMBERS
CREATION OF CATALOGUE RAISONNE - MULTI VOLUME AND ELECTRONIC COMPREHENSIVE CATALOGUE DOCUMENTING ALL KNOWN ARTWORKS OF ROY LICHTENSTEIN.
EXHIBITIONS OF ART BY ROY LICHTENSTEIN IN NEW YORK, MAINE AND BELGIUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dorothy Lichtenstein President | 5 | $0 | |
David H Lichtenstein Vice President | 5 | $0 | |
Mitchell W Lichtenstein Vice President | 5 | $0 | |
William John Cowart Executive Director | 40 | $450,000 | |
Steven P Goldglit Treasurer | 5 | $0 | |
Ruth Fine Board Chairman | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Goldglit & Company Llp | 12/30/22 | $94,975 |
Shari Alexander Llc | 12/30/22 | $93,560 |
Cleary Gottlieb Steen & Hamilton Llp | 12/30/22 | $89,945 |
Anthony Atlas | 12/30/22 | $86,615 |
Jaena Kwon | 12/30/22 | $83,538 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $39 |
| Dividends & Interest | $702,958 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,037,623 |
| Capital Gain Net Income | $1,037,623 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $150 |
| Total Revenue | $1,740,770 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $450,000 |
| Other employee salaries and wages | $1,194,862 |
| Pension plans, employee benefits | $556,783 |
| Interest | $0 |
| Taxes | $208,786 |
| Depreciation | $26,956 |
| Occupancy | $58,776 |
| Travel, conferences, and meetings | $43,186 |
| Printing and publications | $0 |
| Other expenses | $908,605 |
| Total operating and administrative expenses | $3,654,189 |
| Contributions, gifts, grants paid | $776,175 |
| Total expenses and disbursements | $4,430,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $578,620 |
| Savings and temporary cash investments | $2,641,009 |
| 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 | $0 |
| Net Land, buildings, and equipment | $71,198 |
| Other assets | $35,446,622 |
| Total assets | $81,285,329 |
| Accounts payable and accrued expenses | $16,835 |
| 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 | $16,835 |
Grants Awarded
Over the last fiscal year, Roy Lichtenstein Foundation has awarded $776,175 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ASPEN INSTITUTE PURPOSE: SUPPORT OF THE AEFI PROJECT 'CONSORTIUM TO ADVANCE THE NEXT GENERATION OF BIPOC LEADERS IN THE VISUAL ARTS' | $26,000 |
COLUMBUS MUSEUM OF ART PURPOSE: PERMANENT ENDOWMENT OF THE LICHTENSTEIN FOUNDATION CURATORIAL FELLOWSHIP FOR DIVERSITY AND INCLUSION IN THE ARTS. | $9,250 |
MUSEUM OF MODERN ART PURPOSE: PROMOTE THE ARTS THROUGH EDUCATION AND RESEARCH. | $1,500 |
SPELMAN COLLEGE PURPOSE: THE ROY LICHTENSTEIN FOUNDATION PLEDGED $160,000 A YEAR TO THE ATLANTA UNIVERSITY CENTER (AUC) ART HISTORY + CURATORIAL STUDIES COLLECTIVE FOR A FOUR-YEAR PILOT PHASE TO UNDERWRITE TWO FELLOWSHIPS AND PROVIDE THEIR RELATED SUPPORT IN THE ROY LICHTENSTEIN FOUNDATION POST-BACCALAUREATE FELLOWSHIPS IN MUSEUM PROFESSIONS. | $160,000 |
SOLOMON R GUGGENHEIM FOUNDATION PURPOSE: PROMOTE THE ARTS THROUGH EDUCATION & RESEARCH | $1,750 |
WHITNEY MUSEUM OF AMERICAN ART PURPOSE: PROMOTE THE ARTS THROUGH EDUCATION & RESEARCH | $568,500 |