Foundation For Independent Artists Inc

Organization Overview

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Clarissa Soto-Josephs
Treasurer
$0
Mara Greenberg
Treasurer (resigned 6/15/2022)
$0
Alex Goleman
President (resigned 4/27/2023)
$0
Anna Brady Marcus
Secretary
$0
Marilyn Francescon
Board Member
$0
Doug Post
Board Member (resigned 6/1/22)
$0

Financial Statements

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

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