The Easton Foundation Inc
- Assets
- $163.0m
- Revenue
- $10.4m
- Investments
- $35.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/1984
- Data as of
- 10/2023
- EIN
- 13-3190220
Organization Overview
The Easton Foundation Inc is located in New York, NY. The organization was established in 1984. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Easton Foundation 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 10/2023, Easton Foundation Inc generated $10.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $2.8m during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Easton Foundation Inc has awarded 20 individual grants totaling $2,481,006. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC EXHIBITION EXPENSES SUCH AS TRAVEL, SHIPPING, CURRATING AND EHIBITION FEE, ETC.
INPROVEMENTS TO THE STUDIO OF LOUISE BOURGEOIS
PUBLIC AWARENESS - ART CONSERVATION, PHOTOGRAPHY, WEB HOSTING AND MANAGEMENT TO MAKE THE ART OF LOUISE BOURGEOIS AVAILABLE FOR VIEWING
PUBLIC AWARENESS - EXPENSES PER PAGE 1 LINE 24(D) LESS THE EXPENSES OF $137,750 AND $47191 LISTED ABOVE TO OPERATE THE STUDIO AND GALLERY OF LOUISE BOURGEOIS FOR PUBLIC VIEWING
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 |
|---|---|---|---|
Alain Bourgeois Director/vp & Treasurer | 10 | $0 | |
Jerry Gorovoy Director/president | 32 | $250,000 | |
Claire Bougeois Director/vp & Secretary | 8 | $0 | |
Alexander Bougeois Director/vp | 8 | $0 | |
Maggie V Wright Archivist | 40 | $172,292 | |
Sewon Kang Archivist | 40 | $85,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hallahan Mc Guinness & Lory Ltd | 10/30/23 | $283,186 |
Moores Specialized Transportation Inc | 10/30/23 | $195,389 |
Acumen Fine Art Logistics Inc | 10/30/23 | $147,346 |
Jpmorgan Chase | 10/30/23 | $159,393 |
Glenn Roepnack | 10/30/23 | $152,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $387,529 |
| Dividends & Interest | $816,542 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,115,147 |
| Capital Gain Net Income | $9,115,147 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $104,602 |
| Total Revenue | $10,423,820 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $250,000 |
| Other employee salaries and wages | $413,052 |
| Pension plans, employee benefits | $68,831 |
| Interest | $0 |
| Taxes | $188,021 |
| Depreciation | $416,611 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $9,190 |
| Printing and publications | $0 |
| Other expenses | $1,102,069 |
| Total operating and administrative expenses | $2,470,378 |
| Contributions, gifts, grants paid | $366,156 |
| Total expenses and disbursements | $2,836,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $446,880 |
| Savings and temporary cash investments | $9,318,589 |
| 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 | $0 |
| Net Land, buildings, and equipment | $12,487,421 |
| Other assets | $105,523,992 |
| Total assets | $162,957,255 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $14,126 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $26,730 |
| Total liabilities | $40,856 |
Grants Awarded
Over the last fiscal year, The Easton Foundation Inc has awarded $366,156 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
COALITION FOR THE HOMELESS PURPOSE: TO AID THE HOMELESS | $3,225 |
THE ASPEN INSTITUTE PURPOSE: PHILANTHROPY AND SOCIAL INOVATION | $2,500 |
OSTERREICHISCHE GALERIE BELVEDERE(ACADEMIC INSTITUITION) PURPOSE: EXPENSES, TRANSPORTATION, CRATING, INSTALLATION AND INSURANCE TO EXHIBIT THE ART WORK OF LOUISE BOURGEOIS TITLED THE "CELL(THE LAST CLIMB)" AT THE BELEVDERE GALERIE | $135,431 |
KUNSTMUSEUM BASEL PURPOSE: GIFT OF ART WORK OF LOUISE BOURGEOIS TITLED, "HE DISAPPEARED INTO COMPLETE SILENCE, 1947-2005" $100,000GIFT OF ART WORK OF LOUISE BOURGEOIS TITLED, "THE BIRTH, 2008"...............................................................................,...125,000 | $225,000 |