The Pierre And Tana Matisse Foundation
- Assets
- $201.5m
- Revenue
- $13.0m
- Investments
- $98.5m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/1995
- Data as of
- 12/2020
- EIN
- 13-3838457
Organization Overview
The Pierre And Tana Matisse Foundation is located in New York, NY. The organization was established in 1995. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pierre And Tana Matisse 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 12/2020, Pierre And Tana Matisse Foundation generated $13.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $7.6m during the year ending 12/2020. While expenses have increased by 6.7% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Pierre And Tana Matisse Foundation has awarded 643 individual grants totaling $40,233,903. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
LENDING OF ARTWORK FOR DISPLAY AT VARIOUS EXHIBITIONS
COMPILATION OF THE WORK OF ARTIST YVES TANGUY INTO A CATALOGUE RAISONNE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alessandra Carnielli Executive Director | 40 | $312,500 | |
Janos Farkas Vp/asst Secy/director | 10 | $150,000 | |
Olivier G Bernier Vp/secy/director | 10 | $150,000 | |
Robert H Horowitz President/treas/dir | 10 | $150,000 | |
Lisa M Gutting Administrative Assis | 40 | $123,083 | |
Linda Azarian Administrative Assis | 2 | $54,575 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Partners Capital Investment Group Llp | 12/30/17 | $227,983 |
Charles Stuckey | 12/30/17 | $124,905 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,112 |
| Dividends & Interest | $5,519,452 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,413,446 |
| Capital Gain Net Income | $7,413,446 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $60,120 |
| Total Revenue | $12,995,130 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $450,000 |
| Other employee salaries and wages | $502,372 |
| Pension plans, employee benefits | $107,052 |
| Interest | $0 |
| Taxes | $281,411 |
| Depreciation | $4,861 |
| Occupancy | $91,372 |
| Travel, conferences, and meetings | $7,854 |
| Printing and publications | $0 |
| Other expenses | $994,159 |
| Total operating and administrative expenses | $2,782,453 |
| Contributions, gifts, grants paid | $4,792,688 |
| Total expenses and disbursements | $7,575,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $818,190 |
| Savings and temporary cash investments | $204,053 |
| 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 | $25,757,642 |
| Net Land, buildings, and equipment | $118,180 |
| Other assets | $101,897,854 |
| Total assets | $201,513,951 |
| 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 | $3,499,465 |
| Total liabilities | $3,499,465 |
Grants Awarded
Over the last fiscal year, The Pierre And Tana Matisse Foundation has awarded $8,174,383 in support to 145 organizations.
| Grant Recipient | Amount |
|---|---|
JHS 098 HERMAN RIDDER PURPOSE: GENERAL SUPPORT | $295,425 |
KAPPA V KNOWLEDGE AND POWER PREPATORY ACADEMY PURPOSE: GENERAL SUPPORT | $252,396 |
New York, NY PURPOSE: GENERAL SUPPORT | $245,000 |
Bronx, NY PURPOSE: GENERAL SUPPORT | $220,000 |
New York, NY PURPOSE: GENERAL SUPPORT | $205,000 |
ENVIRONMENTAL SCIENCE MATHEMATICS & TECHNOLOGY SCHOOL PURPOSE: GENERAL SUPPORT | $200,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catalyst Inc New York, NY | $56,172,197 | $22,153,415 |
Horizon Village Inc Sanborn, NY | $19,517,446 | $18,747,224 |
Evangelical Services For The Aging Warminster, PA | $27,952,324 | $19,280,063 |
Life At Lourdes Inc Pennsauken, NJ | $24,117,814 | $24,014,115 |
Avi Chai Foundation New York, NY | $417,433,923 | $38,425,354 |
50 Broadway Realty Corp New York, NY | $106,628,317 | $16,489,338 |
Bell Socialization Services Inc York, PA | $8,348,943 | $17,857,924 |
Robert Treat Academy Charter School Inc Newark, NJ | $3,987,701 | $14,176,967 |
Center For Community Alternatives Syracuse, NY | $5,921,893 | $12,987,614 |
Technical Assistance Collaborative Inc Boston, MA | $7,617,476 | $12,320,567 |
Starbridge Services Inc Rochester, NY | $4,814,747 | $13,376,433 |
Community Health Action Of Staten Island Inc Staten Island, NY | $10,310,732 | $11,148,216 |