Demuth Foundation
- Assets
- $4.1m
- Revenue
- $492.2k
- Investments
- $638.6k
- Employees
- 14
- Location
- Lancaster, PA
- Founding
- 05/1983
- Data as of
- 06/2022
- EIN
- 23-2176299
Organization Overview
Demuth Foundation is located in Lancaster, PA. The organization was established in 1983. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2024, Demuth Foundation employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Demuth 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 06/2022, Demuth Foundation generated $492.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $462.1k during the year ending 06/2022. While expenses have increased by 0.4% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE APPRECIATION AND AWARENESS OF THE VISUAL ARTS IN LANCASTER THROUGH PRESERVING THE LEGACY OF CHARLES DEMUTH AND HIS GROUNDBREAKING ART, SUPPORTING CURRENT LOCAL AND REGIONAL ARTISTS, AND INSPIRING A NEW GENERATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION STRIVES TO ENGAGE WITH A DIVERSE RANGE OF AUDIENCES BY OFFERING INNOVATIVE EXHIBITIONS, ENGAGING EDUCATIONAL PROGRAMS, AND PURSUING COLLECTION ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen F Heinle President | OfficerTrustee | 2 | $0 |
Claire Giblin Vice President | OfficerTrustee | 2 | $0 |
Ryan Givens Secretary | OfficerTrustee | 2 | $0 |
Judy Hoar Treasurer | OfficerTrustee | 2 | $0 |
Andrew Blakinger Treasurer | OfficerTrustee | 2 | $0 |
Peter C Egan Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $283,105 |
| Investment income | $11,229 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,779 |
| Net Gain/Loss on Asset Sales | $14,874 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $10,883 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $492,193 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $74,453 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $119,493 |
| Pension plan accruals and contributions | $2,161 |
| Other employee benefits | $0 |
| Payroll taxes | $19,984 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,457 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,821 |
| Office expenses | $7,716 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,235 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,463 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,272 |
| Insurance | $13,539 |
| All other expenses | $0 |
| Total functional expenses | $462,146 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $199,849 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $638,571 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,668,840 |
| Total assets | $4,085,988 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,363,021 |
| Net assets with donor restrictions | $2,722,967 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $4,085,988 |