Harkness Foundation For Dance Inc
- Assets
- $6.8m
- Revenue
- $578.4k
- Investments
- $6.1m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/1979
- Data as of
- 12/2022
- EIN
- 13-1926551
Organization Overview
Harkness Foundation For Dance Inc is located in New York, NY. The organization was established in 1979. According to its NTEE Classification (A62) the organization is classified as: Dance, 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. Harkness Foundation For Dance Inc 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, Harkness Foundation For Dance Inc generated $578.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $868.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Harkness Foundation For Dance Inc has awarded 674 individual grants totaling $6,435,759. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDED 119 GRANTS TO SUPPORT AND NURTURE THE DANCE FIELD, PREDOMINANTLY IN NEW YORK CITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jody Gottfried Arnhold Director & President | 1 | $0 | |
Etta Brandman Director & Vice President | 1 | $0 | |
Joan Finkelstein Exec. Dir., Secy & Treasurer | 40 | $175,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $122,445 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $435,912 |
| Capital Gain Net Income | $435,912 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $578,357 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $175,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $56,177 |
| Interest | $0 |
| Taxes | $8,934 |
| Depreciation | $5,501 |
| Occupancy | $14,917 |
| Travel, conferences, and meetings | $1,539 |
| Printing and publications | $0 |
| Other expenses | $18,702 |
| Total operating and administrative expenses | $379,257 |
| Contributions, gifts, grants paid | $489,125 |
| Total expenses and disbursements | $868,382 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $261,477 |
| Savings and temporary cash investments | $238,471 |
| 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 | $13,444 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $169,322 |
| Other assets | $6,896 |
| Total assets | $6,779,155 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $595,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,000 |
| Total liabilities | $597,000 |
Grants Awarded
Over the last fiscal year, Harkness Foundation For Dance Inc has awarded $804,125 in support to 117 organizations.
| Grant Recipient | Amount |
|---|---|
92ND STREET Y PURPOSE: PARTNER GRANT | $105,000 |
AIM BY KYLE ABRAHAM PURPOSE: PROGRAM GRANT | $5,000 |
ALVIN AILEY DANCE FOUNDATION PURPOSE: PROGRAM GRANT | $10,000 |
AMERICAN BALLET THEATRE PURPOSE: PROGRAM GRANT | $5,000 |
AMERICAN DANCE FESTIVAL PURPOSE: PROGRAM GRANT | $5,000 |
ART SWEATS INC PURPOSE: PROJECT GRANT | $2,500 |