Tee & Charles Addams Foundation
- Assets
- $17.2m
- Revenue
- $1.8m
- Investments
- $342.3k
- Employees
- 0
- Location
- Briarcliff Manor, NY
- Founding
- 01/2000
- Data as of
- 12/2023
- EIN
- 11-3506582
Organization Overview
Tee & Charles Addams Foundation is located in Briarcliff Manor, NY. The organization was established in 2000. 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. Tee & Charles Addams 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 12/2023, Tee & Charles Addams Foundation generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 27.0% each year . All expenses for the organization totaled $1.0m during the year ending 12/2023. While expenses have increased by 10.8% per year over the past 5 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 2020, Tee & Charles Addams Foundation has awarded 15 individual grants totaling $258,715. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATING THE PUBLIC EXHIBITION - THIS IS NEW YORK -05/26/2023 TO 07/21/2024 AT MUSEUM OF THE CITY OF NEW YORK, 1220 FIFTH AVENUE, NEW YORK, NY 10029. 82,315 IN ATTENDANCE. NO COST ALLOCATED
EDUCATING THE PUBLIC EXHIBITION - ADDAMFEST: WESTFIELD CELEBRATES CHARLES ADDAMS: WILD! CHARLES ADDAMS AND EDWARD GOREY CURIOUS CREATURES - EXHIBITION ON 10/11/23 - 10/29/23 AT THE GALLERY OF ELM STREET, 122 ELM STREET, WESTFIELD, NJ. A TOTAL OF 846 ATTENDED IN PERSON. NO COST ALLOCATED.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14,657 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,850 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $3,698 |
| Other Income | $1,772,662 |
| Total Revenue | $1,786,167 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $325,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $24,175 |
| Interest | $10,402 |
| Taxes | $33,129 |
| Depreciation | $42,826 |
| Occupancy | $145,075 |
| Travel, conferences, and meetings | $21,772 |
| Printing and publications | $0 |
| Other expenses | $40,437 |
| Total operating and administrative expenses | $926,110 |
| Contributions, gifts, grants paid | $121,150 |
| Total expenses and disbursements | $1,047,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,902 |
| Savings and temporary cash investments | $1,342,217 |
| 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 | $61,402 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $342,296 |
| Net Land, buildings, and equipment | $6,738,450 |
| Other assets | $8,655,480 |
| Total assets | $17,158,747 |
| 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 | $1 |
| Total liabilities | $1 |
Grants Awarded
Over the last fiscal year, Tee & Charles Addams Foundation has awarded $121,150 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
HAMPTONS DOC FESTIVAL PURPOSE: GENERAL | $40,000 |
WESTFIELD ARTS COLLECTIVE PURPOSE: GENERAL | $2,650 |
SOUTHAMPTON ARTS CENTER PURPOSE: GENERAL | $25,000 |
SOCIETY OF ILLUSTRATORS PURPOSE: GENERAL | $7,500 |
THE GOREY CHARITABLE TRUST PURPOSE: GENERAL | $25,000 |
BUNNY LAKE FILMS PURPOSE: GENERAL | $21,000 |