Garden State Arts Foundation Inc
- Assets
- $1.4m
- Revenue
- $612.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Woodbridge, NJ
- Founding
- 08/1984
- Data as of
- 12/2021
- EIN
- 22-2543658
Organization Overview
Garden State Arts Foundation Inc is located in Woodbridge, NJ. The organization was established in 1984. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, 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. Garden State Arts 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 12/2021, Garden State Arts Foundation Inc generated $612.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $356.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION PROVIDES CLASSICAL/CULTURAL/MUSICAL PROGRAMMING; SEE PART III AND SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT FOR EDUCATIONAL AND CHARITABLE ACTIVITIES: THE FOUNDATION PROVIDES FREE CLASSICAL/CULTURAL/MUSICAL PROGRAMMING FOR SCHOOL CHILDREN, SENIOR CITIZENS, FAMILIES AND THE GENERAL PUBLIC. THE FOUNDATION ALSO PUBLISHES AND CIRCULATES A SENIOR MAGAZINE TO ITS MEMBERS.
SCHOLARSHIP PROGRAM: THE ANNUAL SCHOLARSHIP PROGRAM PROVIDED SCHOLARSHIPS TO THREE STUDENTS PURSUING AN UNDERGRADUATE DEGREE WITH A CONCENTRATION IN THE PERFORMING ARTS AT FOUR-YEAR COLLEGES AND UNIVERSITIES IN NEW JERSEY. EACH STUDENT MUST BE A U.S. CITIZEN AND A NEW JERSEY RESIDENT. ALL CANDIDATES MUST HAVE COMPLETED SIXTY CREDITS AND HAVE DECLARED HIS/HER MAJOR. THE STUDENT MUST BE REGISTERED FOR A MINIMUM OF SIX CREDITS FOR THE UPCOMING TERM/SEMESTER IMMEDIATELY FOLLOWING THE AWARD. THE FOUNDATION REVIEWS THE RECOMMENDED CANDIDATES AND MAKES THE FINAL DETERMINATION OF AWARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John D Minella Treasurer | OfficerTrustee | 1 | $0 |
Michael R Dupont President | OfficerTrustee | 1 | $0 |
Ronald R Gravino Vice President | OfficerTrustee | 1 | $0 |
Mariann Zach Assistant Secretary | Officer | 1 | $0 |
Karen Yeung Assistant Treasurer | Officer | 1 | $0 |
Ulises E Diaz Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $610,355 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $610,355 |
| Total Program Service Revenue | $0 |
| Investment income | $1,659 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $612,014 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $8,110 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $295,839 |
| Advertising and promotion | $0 |
| Office expenses | $7,420 |
| Information technology | $359 |
| Royalties | $500 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,436 |
| All other expenses | $0 |
| Total functional expenses | $356,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $909,498 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $530,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $34 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,439,532 |
| Accounts payable and accrued expenses | $1,289 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,289 |
| Net assets without donor restrictions | $1,438,243 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,439,532 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Garden State Arts Foundation Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Ansell Zaro Grimm & Aaronfoundation Ocean Township, NJ PURPOSE: UNRESTRICTED | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Friends Of The Israel Museum New York, NY | $210,139,805 | $22,216,217 |
Friends Of Bezalel Academy Of Arts And Designs Inc New York, NY | $2,039,900 | $22,554,800 |
The Friends Of The Israel Antiquities Authority Inc New York, NY | $7,188,185 | $4,799,124 |
Tate Americas Foundation New York, NY | $101,513,410 | $8,735,378 |
Museo Reina Sofia Foundation Usa Inc New York, NY | $1,828,282 | $604,276 |
American Associates Of The National Theatre Inc New York, NY | $4,697,341 | $5,678,751 |
American Friends Of The Israel Philharmonic Orchestra Inc New York, NY | $30,416,918 | $8,529,001 |
Mary Louise Curtis Bok Foundation Philadelphia, PA | $100,159,634 | $12,712,681 |
American Friends Of The Louvre Inc New York, NY | $14,733,047 | $4,946,706 |
Pbs39 Foundation Corporation Bethlehem, PA | $103,089,426 | $11,164,328 |
American Friends Of The National Portrait Gallery Foundation Inc New York, NY | $1,343,323 | $3,284,122 |
Academy Of Music Of Philadelphia Inc Philadelphia, PA | $30,910,650 | $3,266,946 |