Mela Foundation Inc
- Assets
- $58.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 4
- Location
- New York, NY
- Founding
- 10/1987
- Data as of
- 06/2023
- EIN
- 13-3352195
Organization Overview
Mela Foundation Inc is located in New York, NY. The organization was established in 1987. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Mela Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mela 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 06/2023, Mela Foundation Inc generated $182.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $386.9k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION IS DEDICATED TO CREATIVE WORK IN MUSIC, VISUAL ARTS AND OTHER MEDIA AND TO THE PRESENTATION OF MAJOR EXTENDED INSTALLATIONS THAT EXPAND TRADITIONAL BOUNDARIES OF THE ARTS. THE FOUNDATIONS ACTIVITIES INCLUDE PERFORMANCES, EXHIBITIONS, FILM, VIDEO AND RADIO PRESENTATIONS, TEACHING, RESEARCH AND PUBLICATIONS. IN ADDITION THE FOUNDATION DEVELOPS AND MAINTAINS EXTENSIVE ARCHIVES OF THE WORK OF CENTRAL FIGURES IN CONTEMPORARY ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael L Commons Vice President | 0 | $0 | |
Patrice Miller Secretary | 0 | $0 | |
Jon Hendricks President | 0 | $0 | |
Diane Wakoski Director | 0 | $0 | |
Alex Dea Director | 0 | $0 | |
Terry Riley Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,442 |
| Total Program Service Revenue | $63,598 |
| Membership dues | $0 |
| Investment income | $4,710 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $182,750 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $134,381 |
| Professional fees and other payments to independent contractors | $9,120 |
| Occupancy, rent, utilities, and maintenance | $108,000 |
| Printing, publications, postage, and shipping | $1,043 |
| Other expenses | $134,384 |
| Total expenses | $386,928 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $41,508 |
| Other assets | $0 |
| Total assets | $58,782 |
| Total liabilities | $704,519 |
| Net assets or fund balances | -$645,737 |