Gerda Lissner Foundation Inc
- Assets
- $5.9m
- Revenue
- $24.5k
- Investments
- $5.6m
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/1991
- Data as of
- 12/2022
- EIN
- 13-3566516
Organization Overview
Gerda Lissner Foundation Inc is located in New York, NY. The organization was established in 1991. 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. Gerda Lissner 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 12/2022, Gerda Lissner Foundation Inc generated $24.5k 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 (30.6%) each year. All expenses for the organization totaled $620.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Gerda Lissner Foundation Inc has awarded 484 individual grants totaling $1,673,664. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MAKES GRANTS AND ENCOURAGEMENT AWARDS TO THE WINNERS OF THE VARIOUS ANNUAL COMPETITIONS TO A LIMITED NUMBER OF PARTICIPANTS TO PROVIDE YOUNG OPERA SINGERS WITH THE FINANCIAL SUPPORT THEY NEED TO PURSUE THEIR CRAFT AND EXCEL IN THE WORLD OF OPERA. THE TRUSTEES BELIEVE THAT THE ENCOURAGEMENT AND ASSISTANCE TO YOUNG ARTISTS TOWARD ACHIEVING THEIR GOALS IS IMPERATIVE FOR THE CONTINUATION OF THIS DEMANDING ART FORM.
CONTRIBUTIONS TO OTHER 501(C)(3) ORGANIZATIONS FOR GENERAL OPERATING SUPPORT IN THE FIELD OF OPERA AND OTHER VARIOUS PERFORMANCE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael A Fornabaio President | 25 | $52,000 | |
Karl Michaelis Treasurer | 5 | $12,000 | |
Cornelia Beigel VP And Secre | 40 | $83,750 | |
Scott Barnes Trustee | 5 | $12,000 | |
Mary B Woosley Trustee | 5 | $12,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $35,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $187,962 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$198,953 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $24,509 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $171,750 |
| Other employee salaries and wages | $6,100 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30,558 |
| Depreciation | $0 |
| Occupancy | $60,000 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $119,287 |
| Total operating and administrative expenses | $512,865 |
| Contributions, gifts, grants paid | $107,750 |
| Total expenses and disbursements | $620,615 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,211 |
| Savings and temporary cash investments | $206,309 |
| 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 | $6,125 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $12,567 |
| Total assets | $5,874,145 |
| 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 | $913 |
| Total liabilities | $913 |
Grants Awarded
Over the last fiscal year, Gerda Lissner Foundation Inc has awarded $107,750 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
THE POLISH THEATER INSTITUTE PURPOSE: CHARITABLE - GEN'L OPERATING SUPPORT | $150 |
BROADWAY CARES PURPOSE: CHARITABLE - GEN'L OPERATING SUPPORT | $5,000 |
ACADEMY OF VOCAL ARTS PURPOSE: CHARITABLE - GEN'L OPERATING SUPPORT | $12,000 |
OPERA AT FLORHAM PURPOSE: CHARITABLE - GEN'L OPERATING SUPPORT | $500 |
GIULIO GARI FOUNDATION PURPOSE: CHARITABLE - GEN'L OPERATING SUPPORT | $500 |
THE LIEDERKRANZ FOUNDATION PURPOSE: CHARITABLE - GEN'L OPERATING SUPPORT | $100 |