Foundation For Independent Artists Inc is located in New York, NY. The organization was established in 1981. As of 06/2022, Foundation For Independent Artists Inc employed 171 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Independent Artists 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 06/2022, Foundation For Independent Artists Inc generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.1% each year . All expenses for the organization totaled $3.0m during the year ending 06/2022. While expenses have increased by 17.3% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES ARTISTIC ENTITIES WITH A CORPORATE STRUCTURE AND FOSTERS THEIR ART THROUGH A COMBINATION OF INFRASTUCTURE, FINANCIAL, AND ADMINISTRATIVE SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES ARTISTIC ENTITIES WITH A CORPORATE STRUCTURE AND FOSTERS THEIR ART THROUGH A COMBINATION OF INFRASTUCTURE, FINANCIAL, AND ADMINISTRATIVE SUPPORT. PERFORMANCES ARE HELD THROUGHOUT THE UNITED STATES AND EUROPE. NEW WORKS ARE CREATED, AND RESIDENCIES ARE HELD.
THE ORGANIZATION PROVIDES ARTISTIC ENTITIES WITH A CORPORATE STRUCTURE AND FOSTERS THEIR ART THROUGH A COMBINATION OF INFRASTUCTURE, FINANCIAL, AND ADMINISTRATIVE SUPPORT. PERFORMANCES ARE HELD THROUGHOUT THE UNITED STATES AND EUROPE. NEW WORKS ARE CREATED, AND RESIDENCIES ARE HELD.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Clarissa Soto-Josephs Treasurer | OfficerTrustee | 0 | $0 |
Mara Greenberg Treasurer (resigned 6/15/2022) | OfficerTrustee | 0 | $0 |
Alex Goleman President (resigned 4/27/2023) | OfficerTrustee | 0 | $0 |
Anna Brady Marcus Secretary | OfficerTrustee | 0 | $0 |
Marilyn Francescon Board Member | Trustee | 0 | $0 |
Doug Post Board Member (resigned 6/1/22) | Trustee | 0 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $31,163 |
Related organizations | $0 |
Government grants | $23,325 |
All other contributions, gifts, grants, and similar amounts not included above | $3,174,304 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,228,792 |
Total Program Service Revenue | $1,374,426 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $4,603,218 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $897,563 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $103,218 |
Payroll taxes | $56,107 |
Fees for services: Management | $0 |
Fees for services: Legal | $25,423 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $766,676 |
Advertising and promotion | $108,763 |
Office expenses | $34,861 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $134,322 |
Travel | $407,371 |
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 | $0 |
Insurance | $8,395 |
All other expenses | $7,388 |
Total functional expenses | $3,042,628 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,451,526 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $169,444 |
Accounts receivable, net | $20,260 |
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 | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $3,641,230 |
Accounts payable and accrued expenses | $70,833 |
Grants payable | $0 |
Deferred revenue | $18,000 |
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 | $20,180 |
Total liabilities | $109,013 |
Net assets without donor restrictions | $1,943,758 |
Net assets with donor restrictions | $1,588,459 |
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 | $3,641,230 |