Walter W Naumburg Foundation Inc
- Assets
- $8.0m
- Revenue
- $705.5k
- Investments
- $7.9m
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/2015
- Data as of
- 06/2024
- EIN
- 13-6110449
Organization Overview
Walter W Naumburg Foundation Inc is located in New York, NY. The organization was established in 2015. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Walter W Naumburg 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 06/2024, Walter W Naumburg Foundation Inc generated $705.5k 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 (19.9%) each year. All expenses for the organization totaled $537.0k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
PIANO COMPETITION-ESTIMATED NUMBER OF PARTICIPANTS 39, ESTIMATED GENERAL PUBLIC ATTENDANCE FOR WINNERS PRODUCTION 800.
CONCERTS-THE ORGANIZATION HELD SIX CONCERTS DURING THE YEAR.
SUPPORT OF OTHER ORGANIZATIONS IN THE FURTHERANCE OF FOUNDATION'S MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas Mann President | 2 | $45,000 | |
David Gerber Vice Preside | 1 | $0 | |
Marshal Gibson Treasurer | 1 | $0 | |
John Corigliano Director | 1 | $0 | |
Bonnie Hampton Director | 1 | $0 | |
Joel Krosnick Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $101,355 |
| Interest on Savings | $0 |
| Dividends & Interest | $336,056 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $257,745 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,375 |
| Total Revenue | $705,531 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $160,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,184 |
| Taxes | $14,225 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $31,943 |
| Printing and publications | $0 |
| Other expenses | $245,144 |
| Total operating and administrative expenses | $536,973 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $536,973 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,446 |
| Savings and temporary cash investments | $13,323 |
| 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 | $7,886,796 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,970,565 |
| Accounts payable and accrued expenses | $1,301 |
| 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 | $1,301 |