International Foundation For Art Research Inc
- Assets
- $1.1m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 3
- Location
- New York, NY
- Founding
- 01/1969
- Data as of
- 12/2021
- EIN
- 13-2623376
Organization Overview
International Foundation For Art Research Inc is located in New York, NY. The organization was established in 1969. According to its NTEE Classification (A05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, International Foundation For Art Research Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Foundation For Art Research 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 12/2021, International Foundation For Art Research Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $822.3k during the year ending 12/2021. While expenses have increased by 0.1% per year over the past 7 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL AND RESEARCH ORGANIZATION CONCERNING ART OBJECTS AND ISSUES.
Describe the Organization's Program Activity:
PUBLICATIONS, ART AUTHENTICATION AND PROVENANCE RESEARCH SERVICES, AND ONLINE/WEBSITE RESOURCES AND REFERENCE TOOLS CONCERNING CATALOGUES RAISONNES, PROVENANCE RESEARCH, AND ART LAW & CULTURAL PROPERTY. PUBLICATIONS INCLUDE THE IFAR JOURNAL, FOCUSSED ON ART AUTHENTICITY, ART THEFT, ART FRAUD, AND OTHER LEGAL, ETHICAL AND SCHOLARLY ISSUES CONCERNING ART OBJECTS. THE OPERATION OF AN ART AUTHENTICATION RESEARCH SERVICE FOR THE PUBLIC. HOSTING OF LECTURES AND PANELS FOR IFAR SUPPORTERS AND THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Flescher Executive Director | Officer | 40 | $190,190 |
Anthony Williams Chairman/ Treasurer | OfficerTrustee | 1 | $0 |
Aaron M Milrad Director | Trustee | 1 | $0 |
Samuel Sachs II Director | Trustee | 1 | $0 |
Peter C Sutton Director | Trustee | 1 | $0 |
Theodore E Stebbins Jr Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $83,542 |
| All other contributions, gifts, grants, and similar amounts not included above | $948,702 |
| Noncash contributions included in lines 1a–1f | $24,538 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,032,244 |
| Total Program Service Revenue | $132,133 |
| Investment income | $25,888 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,549 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,210,814 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $207,260 |
| Compensation of current officers, directors, key employees. | $51,815 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $182,019 |
| Pension plan accruals and contributions | $6,735 |
| Other employee benefits | $17,368 |
| Payroll taxes | $26,068 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,890 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $51,563 |
| Fees for services: Investment Management | $5,650 |
| Fees for services: Other | $50,490 |
| Advertising and promotion | $2,755 |
| Office expenses | $27,466 |
| Information technology | $28,984 |
| Royalties | $0 |
| Occupancy | $161,572 |
| Travel | $3,233 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,028 |
| Insurance | $21,884 |
| All other expenses | $0 |
| Total functional expenses | $822,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $166,947 |
| Savings and temporary cash investments | $87,037 |
| Pledges and grants receivable | $17,824 |
| Accounts receivable, net | $961 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $775 |
| Investments—publicly traded securities | $851,844 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $650 |
| Other assets | $11,250 |
| Total assets | $1,137,288 |
| Accounts payable and accrued expenses | $3,945 |
| Grants payable | $0 |
| Deferred revenue | $25,325 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $746 |
| Total liabilities | $30,016 |
| Net assets without donor restrictions | $686,687 |
| Net assets with donor restrictions | $420,585 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,137,288 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that International Foundation For Art Research Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
David L Klein Jr Foundation King Of Prussia, PA PURPOSE: OPERATING SUPPORT | $5,000 |
Endowment Analysis
| Earnings | $9,763 |
| Net Contributions | $358,622 |
| Ending Balance | $368,385 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Verite Inc Amherst, MA | $6,111,457 | $10,354,968 |
Hospital Clinic Home Center Brooklyn, NY | $999,110 | $2,359,599 |
Ukrainian Studies Chair Fund Inc New York, NY | $2,540,300 | $173,856 |
Media Impact Funders Inc Philadelphia, PA | $1,344,528 | $1,357,569 |
International Foundation For Art Research Inc New York, NY | $1,137,288 | $1,210,814 |
Center For Black Brown And Queer Studies Inc Cambridge, MA | $232,247 | $703,024 |
Law And Society Association Amherst, MA | $3,562,557 | $894,389 |
Marc Galler Research Foundation Inc New York, NY | $8,045,002 | $250,351 |
Association For The Study Of The Middle East And Africa Bala Cynwyd, PA | $0 | $283,750 |
Jozef Pilsudski Institute Of Americ A For Research In The Modern Histo Brooklyn, NY | $1,880,904 | $356,673 |
Society Of Ethnobiology Inc Boston, MA | $285,145 | $0 |
Cultural Heritage Research Inc Boston, MA | $37,177 | $0 |