Samuel H Kress Foundation
- Assets
- $75.7m
- Revenue
- $5.1m
- Investments
- $68.8m
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/1938
- Data as of
- 06/2022
- EIN
- 13-1624176
Organization Overview
Samuel H Kress Foundation is located in New York, NY. The organization was established in 1938. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Samuel H Kress 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 06/2022, Samuel H Kress Foundation generated $5.1m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $3.9m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Samuel H Kress Foundation has awarded 426 individual grants totaling $14,066,739. 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 |
|---|---|---|---|
Carmela Franklin Chairman | 2 | $3,000 | |
Daniel Weiss Vice Chairman | 2 | $3,000 | |
Elizabeth Eveillard Trustee | 2 | $1,000 | |
Robert Loper Secretary | 2 | $3,000 | |
Max Marmor President | 40 | $329,579 | |
William J Higgins Trustee | 2 | $3,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Crewcial Partners Llc | 6/29/22 | $160,061 |
Westwood Global Investments Llc | 6/29/22 | $50,349 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $624,670 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,522,209 |
| Capital Gain Net Income | $4,522,209 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,146,879 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $345,579 |
| Other employee salaries and wages | $384,573 |
| Pension plans, employee benefits | $284,961 |
| Interest | $0 |
| Taxes | $62,711 |
| Depreciation | $89,024 |
| Occupancy | $92,064 |
| Travel, conferences, and meetings | $38,106 |
| Printing and publications | $5,989 |
| Other expenses | $80,911 |
| Total operating and administrative expenses | $1,864,408 |
| Contributions, gifts, grants paid | $2,075,270 |
| Total expenses and disbursements | $3,939,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $499,025 |
| Savings and temporary cash investments | $5,262,622 |
| 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 | $75,811 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $61,553,767 |
| Net Land, buildings, and equipment | $1,085,548 |
| Other assets | $15,088 |
| Total assets | $75,745,725 |
| Accounts payable and accrued expenses | $79,080 |
| Grants payable | $3,464,181 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $22,035 |
| Total liabilities | $3,565,296 |
Grants Awarded
Over the last fiscal year, Samuel H Kress Foundation has awarded $6,750,489 in support to 220 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ACADEMY IN ROME PURPOSE: DIGITAL ART HISTORY GRANTS | $50,000 |
AAMC FOUNDATION PURPOSE: HISTORY OF ART GRANTS | $12,000 |
AMERICAN ACADEMY IN ROME PURPOSE: INSTITUTIONAL FELLOWSHIPS | $120,000 |
AMERICAN ACADEMY IN ROME PURPOSE: MATCHING | $825 |
AMERICAN COUNCIL OF LEARNED SOCIETIES PURPOSE: MATCHING | $250 |
AMERICAN ALLIANCE OF MUSEUMS PURPOSE: HISTORY OF ART GRANTS | $17,000 |