Richard Avedon Foundation
- Assets
- $47.2m
- Revenue
- $529.2k
- Investments
- $12.9m
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/2004
- Data as of
- 05/2023
- EIN
- 20-1275443
Organization Overview
Richard Avedon Foundation is located in New York, NY. The organization was established in 2004. 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. Richard Avedon 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 05/2023, Richard Avedon Foundation generated $529.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (44.7%) each year. All expenses for the organization totaled $2.3m during the year ending 05/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVATION, PROTECTION, DIGITIZATION AND DISPLAY OF RICHARD AVEDON PHOTOGRAPHS
EXHIBITION AND DISPLAY OF RICHARD AVEDON PHOTOGRAPHS
PREPARATION OF VARIOUS BOOKS AND CATALOGUES OF RICHARD AVEDON PHOTOGRAPHS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Avedon Chairman/director | 26 | $128,846 | |
Laura Avedon Ceo/director | 40 | $424,808 | |
James Martin Executive Director | 40 | $299,231 | |
Andrew Wylie Vice Chairman/director | 2 | $25,000 | |
Elsie Walker Vice Chairman/director/tr | 2 | $25,000 | |
Erin Harris Rights And Use Manag | 40 | $105,962 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hamiltons Gallery | 5/30/22 | $165,375 |
Gagosian Gallery | 5/30/22 | $161,000 |
Staley-wise | 5/30/22 | $92,500 |
Fraenkel Gallery | 5/30/22 | $68,828 |
Pacemacgill Gallery | 5/30/22 | $19,950 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $146,558 |
| Dividends & Interest | $121,696 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $169,991 |
| Capital Gain Net Income | $169,991 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $90,931 |
| Total Revenue | $529,176 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $902,885 |
| Other employee salaries and wages | $232,682 |
| Pension plans, employee benefits | $203,025 |
| Interest | $0 |
| Taxes | $58,635 |
| Depreciation | $328,453 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $8,398 |
| Printing and publications | $0 |
| Other expenses | $386,747 |
| Total operating and administrative expenses | $2,262,075 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,262,075 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,375,990 |
| Savings and temporary cash investments | $0 |
| 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 | $1,117 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $748,736 |
| Net Land, buildings, and equipment | $8,056,429 |
| Other assets | $20,825,544 |
| Total assets | $47,156,332 |
| Accounts payable and accrued expenses | $1,646,827 |
| 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 | $1,646,827 |
Grants Awarded
Over the last fiscal year, Richard Avedon Foundation has awarded $100,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
POINT COMMUNITY DEVELOPMENT CORPORATION PURPOSE: ART PROGRAM | $50,000 |
FEEDING AMERICA PURPOSE: FUNDRAISING | $10,000 |
NEW YORK COMMON PANTRY PURPOSE: FUNDRAISING | $10,000 |
RED CLOUD RENEWABLE PURPOSE: FUNDRAISING | $20,000 |
WORLD CENTRAL KITCHEN PURPOSE: FUNDRAISING | $10,000 |