Seven Bridges Foundation Inc
- Assets
- $64.4m
- Revenue
- -$2.5m
- Investments
- $3.2m
- Employees
- 0
- Location
- Greenwich, CT
- Founding
- 02/1998
- Data as of
- 09/2022
- EIN
- 06-1498953
Organization Overview
Seven Bridges Foundation Inc is located in Greenwich, CT. The organization was established in 1998. According to its NTEE Classification (A50) the organization is classified as: 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. Seven Bridges 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTION OF CONTEMPORARY AND MODERN WORKS OF ART - NEW ACQUISITIONS AND IMPROVEMENTS
DEVELOPMENT, MAINTENANCE, OPERATION AND EXHIBITION OF COLLECTION IN GALLERY AND SCULPTURE GARDENS, AND ACQUISITION, MAINTENANCE AND IMPROVEMENT OF GROUNDS AND PROGRAM FACILITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamie Dimiceli Bus. Manager | 30 | $82,250 | |
Alicia Castro Property Manager | 30 | $58,337 | |
Bryon W Harmon Director | 0.5 | $0 | |
Stephen Walker Director | 0.5 | $0 | |
Richard C Mckenzie Jr President | 15 | $0 | |
Karla Rosellen Mckenzie Director | 15 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Anne Chiapetta | 9/29/22 | $87,591 |
Flaherty & Crumrine | 9/29/22 | $85,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $220 |
| Dividends & Interest | $175,387 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,674,219 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$2,498,612 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $167,887 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $31,813 |
| Depreciation | $376,093 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,015 |
| Printing and publications | $0 |
| Other expenses | $452,899 |
| Total operating and administrative expenses | $1,137,982 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,137,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,108,018 |
| 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 | $3,163,285 |
| Net Land, buildings, and equipment | $19,514,684 |
| Other assets | $38,616,122 |
| Total assets | $64,402,109 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mystic Seaport Museum Inc Mystic, CT | $122,267,932 | $26,794,983 |
The Paley Center For Media New York, NY | $149,800,581 | $16,736,827 |
Stone Barns Restoration Corp Pocantico Hills, NY | $107,933,883 | $7,964,721 |
Margaret Woodbury Strong Museum Rochester, NY | $223,670,725 | $24,556,351 |
The Studio Museum In Harlem New York, NY | $153,708,532 | $40,471,884 |
The Maritime Aquarium At Norwalk Inc South Norwalk, CT | $19,089,489 | $11,308,442 |
George Eastman Museum Rochester, NY | $59,825,841 | $12,306,953 |
Naismith Memorial Basketball Hall Of Fame Inc 1150 West Columbus Ave Springfield, MA | $33,159,743 | $5,379,532 |
National Museum Of Mathematics New York, NY | $42,218,242 | $9,885,068 |
Bruce Museum Inc Greenwich, CT | $42,027,905 | $8,121,476 |
Brant Foundation Inc Greenwich, CT | $0 | $5,637,610 |
Amigos Del Museo Del Barrio New York, NY | $18,789,462 | $15,193,674 |