Town Hall Foundation Inc
- Assets
- $8.6m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 72
- Location
- New York, NY
- Founding
- 06/1973
- Data as of
- 08/2021
- EIN
- 23-7296167
Organization Overview
Town Hall Foundation Inc is located in New York, NY. The organization was established in 1973. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2021, Town Hall Foundation Inc employed 72 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Town Hall 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 08/2021, Town Hall Foundation Inc generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $2.6m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 6 years. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
HALL RENTAL ACTIVITIES - RENTING THE PREMISES TO OTHERS FOR PRODUCTION OF EDUCATIONAL AND ARTISTIC EVENTS.
PRODUCTION ACTIVITIES - TOWN HALL PRODUCED EDUCATIONAL AND ARTISTIC EVENTS AND PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Zucker Executive & Artistic Director | 40 | $144,308 | |
Marvin Leffler President Emeri | OfficerTrustee | 35 | $0 |
Tom Wirtshafter President | OfficerTrustee | 20 | $0 |
Andrew Miltenberg Treasurer | OfficerTrustee | 3 | $0 |
Phyllis Barasch Secretary | OfficerTrustee | 5 | $0 |
Alfred S Horowitz Vice President | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cmw Strategies Llc Production | 8/30/21 | $37,500 |
Strand Book Store Production | 8/30/21 | $40,194 |
Aeg Live Llc Production | 8/30/21 | $153,382 |
Tinkercast Llc Production | 8/30/21 | $110,200 |
Bowery Presents Production | 8/30/21 | $94,519 |
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 | $615,934 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $615,934 |
| Total Program Service Revenue | $1,587,850 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $17,723 |
| 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 | $2,221,507 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $144,308 |
| Compensation of current officers, directors, key employees. | $17,317 |
| Compensation to disqualified persons | $663,279 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $13,800 |
| Other employee benefits | $226,919 |
| Payroll taxes | $63,330 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,840 |
| Fees for services: Accounting | $45,000 |
| Fees for services: Lobbying | $32,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $425,597 |
| Advertising and promotion | $50,799 |
| Office expenses | $76,878 |
| Information technology | $0 |
| Royalties | $0 |
| 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 | $28,555 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $247,293 |
| Insurance | $140,499 |
| All other expenses | $75,369 |
| Total functional expenses | $2,593,837 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,646,488 |
| Savings and temporary cash investments | $800,000 |
| 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 | $228,530 |
| Net Land, buildings, and equipment | $4,921,172 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,596,190 |
| Accounts payable and accrued expenses | $113,004 |
| Grants payable | $0 |
| Deferred revenue | $2,524,549 |
| 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 | $191,868 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $552,192 |
| Total liabilities | $3,381,613 |
| Net assets without donor restrictions | $5,214,577 |
| 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 | $8,596,190 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Town Hall Foundation Inc has recieved totaling $2,700.
| Awarding Organization | Amount |
|---|---|
The Iv Fund Folsom, CA PURPOSE: GENERAL SUPPORT | $2,700 |
Endowment Analysis
| Beg. Balance | $800,000 |
| Ending Balance | $800,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Democracy Prep Public Schools New York, NY | $18,413,140 | $22,499,463 |
Theatre Development Fund Inc New York, NY | $10,654,511 | $12,739,705 |
New England Foundation For The Arts Inc Boston, MA | $37,132,144 | $19,074,510 |
New York Foundation For The Arts Inc Brooklyn, NY | $8,779,392 | $10,995,267 |
Moving Picture Institute New York, NY | $5,367,184 | $7,460,439 |
Liz Claiborne & Art Ortenberg Foundation New York, NY | $208,358,667 | $11,296,700 |
Pseg Foundation Inc Newark, NJ | $49,926,270 | $78,342 |
United Way Of Lancaster County Lancaster, PA | $8,532,432 | $6,314,775 |
Art Of Problem Solving Initiative Inc New York, NY | $11,649,838 | $7,944,885 |
Performance Zone Inc New York, NY | $3,205,718 | $5,815,345 |
America-Israel Cultural Foundation Inc New York, NY | $5,736,559 | $3,348,442 |
Music Performance Trust Fund New York, NY | $10,128,887 | $4,587,841 |