Solow Art And Architecture Foundation
- Assets
- $241.8m
- Revenue
- $29.3m
- Investments
- $26.5m
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/1991
- Data as of
- 11/2021
- EIN
- 13-3614971
Organization Overview
Solow Art And Architecture Foundation is located in New York, NY. The organization was established in 1991. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, 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. Solow Art And Architecture Foundation 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 11/2021, Solow Art And Architecture Foundation generated $29.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 30.3% each year . All expenses for the organization totaled $4.6m during the year ending 11/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Solow Art And Architecture Foundation has awarded 22 individual grants totaling $3,982,344. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MAINTAINS AND DISPLAYS ARTWORK FOR EXHIBITION TO THE PUBLIC AT THE 9 WEST 57TH STREET, NEW YORK BUILDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nikolai Solow Treasurer | 0.25 | $0 | |
Stefan Q Soloviev President | 0.25 | $0 | |
Michael Hershman Vice President And Secretary | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,022 |
| Interest on Savings | $117,565 |
| Dividends & Interest | $137,246 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $29,022,176 |
| Capital Gain Net Income | $29,022,176 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $29,285,009 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,070 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,248 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $857,451 |
| Total operating and administrative expenses | $926,643 |
| Contributions, gifts, grants paid | $3,643,000 |
| Total expenses and disbursements | $4,569,643 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,118,687 |
| Savings and temporary cash investments | $38,694,940 |
| Net Accounts receivable | $1,186 |
| 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 | $1,000,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $155,432,620 |
| Total assets | $241,786,081 |
| Accounts payable and accrued expenses | $1,225 |
| 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 | $1,225 |
Grants Awarded
Over the last fiscal year, Solow Art And Architecture Foundation has awarded $3,643,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF RHODE ISLAND FOUNDATION PURPOSE: ANNUAL FUND | $3,000,000 |
East Hampton, NY PURPOSE: ANNUAL FUND | $400,000 |
Washington, DC PURPOSE: ANNUAL FUND | $100,000 |
SPORT AT SERVICE OF HUMANITY FOUNDATION PURPOSE: ANNUAL FUND | $100,000 |
New York, NY PURPOSE: ANNUAL FUND | $18,000 |
ST JUDE CHILDREN'S RESEARCH HOSPITAL PURPOSE: ANNUAL FUND | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Production Industrial Tech Textile & Prof Employees Loc 124 Wlfr Fund Valhalla, NY | $838,103 | $5,998,825 |
Lily Auchincloss Foundation Inc New York, NY | $46,827,043 | $6,935,321 |
Solow Art And Architecture Foundation New York, NY | $241,786,081 | $29,285,009 |
Municipal Art Society Of New York New York, NY | $12,093,728 | $3,370,052 |
The Wildenstein Plattner Institute New York, NY | $1,898,409 | $4,064,152 |
Drawing Center Inc New York, NY | $11,094,197 | $3,697,448 |
Conservation Center For Art And Historic Artifacts Philadelphia, PA | $4,515,696 | $3,186,711 |
Clay Studio Philadelphia, PA | $16,944,971 | $9,873,164 |
Van Alen Institute Projects In Public Architecture Brooklyn, NY | $44,490,814 | $3,072,994 |
Urbanglass New York Contemporary Glass Center Inc Brooklyn, NY | $1,687,992 | $2,437,335 |
American Institute Of Architects New York, NY | $10,952,534 | $3,079,461 |
Manchester Craftsmens Guild Pittsburgh, PA | $15,522,345 | $4,460,670 |