The Feitelson Lundeberg Art Foundation
- Assets
- $2.3m
- Revenue
- $47.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, OR
- Founding
- 08/1980
- Data as of
- 11/2021
- EIN
- 95-3451355
Organization Overview
The Feitelson Lundeberg Art Foundation is located in Portland, OR. The organization was established in 1980. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, 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. Feitelson Lundeberg Art 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 11/2021, Feitelson Lundeberg Art Foundation generated $47.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.1%) each year. All expenses for the organization totaled $167.0k during the year ending 11/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Feitelson Lundeberg Art Foundation has awarded 11 individual grants totaling $230,375. 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 |
|---|---|---|---|
Wendy Van Haerlem President | 20 | $19,045 | |
Tom Boles CFO | 0 | $0 | |
Josine Ianco-Starrels Director | 0 | $0 | |
Suzanne Muchnic Director | 0 | $0 | |
Marian Kovinick Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,918 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $45,300 |
| Other Income | $0 |
| Total Revenue | $47,218 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $19,045 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,416 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $46,823 |
| Total operating and administrative expenses | $166,979 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $166,979 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,904 |
| Savings and temporary cash investments | $775,280 |
| 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 | $1,462,191 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,259,375 |
| Accounts payable and accrued expenses | $27,536 |
| 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 | $27,536 |
Grants Awarded
Over the last fiscal year, The Feitelson Lundeberg Art Foundation has awarded $10,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
GRUNWALD CENTER FOR GRAPHIC ARTS PURPOSE: ARTWORK DONATION | $4,500 |
ZIMMERLI ART MUSEUM PURPOSE: ARTWORK DONATION | $3,000 |
Santa Barbara, CA PURPOSE: ARTWORK DONATION | $2,500 |
Los Angeles, CA PURPOSE: ARTIST DONATION | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Music Center Foundation Los Angeles, CA | $314,452,554 | $21,090,065 |
Norton Simon Art Foundation Pasadena, CA | $402,690,558 | $10,441,452 |
Icicle Fund Leavenworth, WA | $35,216,436 | $2,172,420 |
Reut Usa Woodland Hills, CA | $1,442,535 | $3,682,077 |
Laurie C Mcgrath Foundation San Diego, CA | $66,075,096 | $62,426,346 |
Mobile Giving Foundation Inc Bellevue, WA | $1,290,105 | $2,127,600 |
Armenian Educational Foundation Inc Glendale, CA | $5,680,253 | $2,130,869 |
William And Joanne Miller Charitable Trust Simi Valley, CA | $69,537,632 | $4,537,991 |
Latino Public Broadcasting Los Angeles, CA | $1,965,169 | $2,106,064 |
Hack The Hood Inc Oakland, CA | $1,558,755 | $1,730,354 |
Womans Club Of Hollywood Los Angeles, CA | $248,203 | $0 |
Khaki Foundation Kirkland, WA | $13,170,467 | $2,724,072 |