Silver Mountain Foundation For The Arts
- Assets
- $18.6m
- Revenue
- $1.5m
- Investments
- $16.0m
- Employees
- 0
- Location
- Morristown, NJ
- Founding
- 05/1983
- Data as of
- 12/2022
- EIN
- 13-3157286
Organization Overview
Silver Mountain Foundation For The Arts is located in Morristown, NJ. The organization was established in 1983. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, 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. Silver Mountain Foundation For The Arts 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, Silver Mountain Foundation For The Arts generated $1.5m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Silver Mountain Foundation For The Arts has awarded 253 individual grants totaling $8,603,140. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John P Simon Trustee / As Required | 0 | $0 | |
Ms Gummer Trustee / As Required | 0 | $0 | |
Cheryl M Brown Assistant Treasurer And Vice President | 0 | $0 | |
Michael T Oliveri Chief Financial Officer And Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $1,105 |
| Dividends & Interest | $164,443 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $232,652 |
| Capital Gain Net Income | $232,652 |
| Net ST Capital Gain | $0 |
| Income Modifications | $2,000 |
| Profit on Inventory Sales | $0 |
| Other Income | $114,575 |
| Total Revenue | $1,512,775 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,937 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,171 |
| Total operating and administrative expenses | $260,110 |
| Contributions, gifts, grants paid | $1,462,000 |
| Total expenses and disbursements | $1,722,110 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,597,644 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $13,661,660 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $18,555,414 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Silver Mountain Foundation For The Arts has awarded $1,462,000 in support to 82 organizations.
| Grant Recipient | Amount |
|---|---|
CLIMATE EMERGENCY FUND PURPOSE: GENERAL PURPOSES - ENVIRONMENTAL | $50,000 |
DAY ONE EARLY LEARNING PURPOSE: GENERAL PURPOSES - EDUCATION | $50,000 |
KPCC PURPOSE: GENERAL PURPOSES - ARTS & CULTURE | $5,000 |
BERKSHIRE TACONIC COMMUNITY FOUNDATION PURPOSE: GENERAL PURPOSES - OTHER | $5,000 |
BROADWAY CARESEQUITY FIGHTS AIDS INC PURPOSE: GENERAL PURPOSES - SOCIAL WELFARE | $2,000 |
CAPITAL & MAIN PURPOSE: GENERAL PURPOSES - SOCIAL WELFARE | $50,000 |