Falkenstein Foundation
- Assets
- $4.2m
- Revenue
- $8.5k
- Investments
- $340.1k
- Employees
- 0
- Location
- Altadena, CA
- Founding
- 04/1999
- Data as of
- 12/2022
- EIN
- 95-4721433
Organization Overview
Falkenstein Foundation is located in Altadena, CA. The organization was established in 1999. 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. Falkenstein 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, Falkenstein Foundation generated $8.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.6%) each year. All expenses for the organization totaled $29.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (26.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Falkenstein Foundation has awarded 12 individual grants totaling $1,246,000. 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 |
|---|---|---|---|
Phillip Linhares President | 0 | $0 | |
Maren Henderson Secretary/treasurer | 0 | $0 | |
Michael Duncan Vice-President | 0 | $0 | |
Rebecca Mcgrew Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $91 |
| Dividends & Interest | $7,639 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $793 |
| Capital Gain Net Income | $793 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,523 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $202 |
| Printing and publications | $0 |
| Other expenses | $25,414 |
| Total operating and administrative expenses | $29,226 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $29,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $681,765 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Other assets | $3,151,682 |
| Total assets | $4,173,548 |
| 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, Falkenstein Foundation has awarded $260,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LACMA PURPOSE: CHARITABLE | $250,000 |
GREY ART GALLERY NYC PURPOSE: CHARITABLE | $10,000 |