Matthew And Iris Strauss Familyfoundation Inc is located in Solana Beach, CA. The organization was established in 2007. According to its NTEE Classification (A50) the organization is classified as: Museums, 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. Matthew And Iris Strauss Familyfoundation 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, Matthew And Iris Strauss Familyfoundation Inc generated $85.3k 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 (6.0%) each year. All expenses for the organization totaled $129.4k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTION, PRESERVATION, AND EXHIBITION OF ONE HUNDRED AND FIVE WORKS OF CONTEMPORARY ART BY NATIONALLY AND INTERNATIONALLY RECOGNIZED ARTISTS.
MONETARY SUPPORT PROVIDED TO ART-RELATED COMMUNITY PROGRAMS (BALBOA ART CONSERVATION CENTER).
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cristina Della Coletta Dir & Vice Pres | 1 | $0 | |
Matthew C Strauss Director & Pres | 5 | $0 | |
Iris Lynn Strauss Dir & Secretary | 1 | $0 | |
Steven Strauss Esquire Dir & Vice Pres | 1 | $0 | |
Kathryn Kanjo Dir & Vice Pres | 1 | $0 | |
Jennifer L Macphee Director | 1 | $0 |
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $85,318 |
| Interest on Savings | $1 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $85,319 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30,524 |
| Depreciation | $22,394 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $75,952 |
| Total operating and administrative expenses | $128,870 |
| Contributions, gifts, grants paid | $500 |
| Total expenses and disbursements | $129,370 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $550 |
| Savings and temporary cash investments | $2,572 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,874,294 |
| Other assets | $6,093,569 |
| Total assets | $9,970,985 |
| 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 | $0 |
| Total liabilities | $0 |
Over the last fiscal year, Matthew And Iris Strauss Familyfoundation Inc has awarded $750 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MUSEUM OF CONTEMPORARY ART SAN DIEG PURPOSE: GENERAL FUND | $250 |
CALIFORNIA CENTER FOR THE ARTS PURPOSE: ANNUAL FUND | $500 |