David Hockney Foundation Inc
- Assets
- $225.4m
- Revenue
- $861.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 04/2010
- Data as of
- 12/2022
- EIN
- 26-2906501
Organization Overview
David Hockney Foundation Inc is located in Los Angeles, CA. The organization was established in 2010. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. David Hockney 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 12/2022, David Hockney Foundation Inc generated $861.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $932.0k 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
THE FOUNDATION PROVIDES PUBLIC ACCESS TO THE ARTWORK OF DAVID HOCKNEY THROUGH ITS WEBSITE AND A LENDING PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Hockney President/ceo | 1 | $0 | |
Jonathan Wilkinson Director | 0.5 | $0 | |
Douglas Baxter Director | 0.5 | $0 | |
Shannan Kelly Director/vp/secretary/cfo | 0.5 | $26,759 | |
Jean Pierre G DE Lima Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $860,950 |
| Interest on Savings | $0 |
| 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 | $860,950 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $26,759 |
| Other employee salaries and wages | $91,200 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,071 |
| Depreciation | $3,091 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $19,884 |
| Printing and publications | $0 |
| Other expenses | $337,919 |
| Total operating and administrative expenses | $931,977 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $931,977 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,473,678 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $101,676 |
| Other assets | $206,864,670 |
| Total assets | $225,440,024 |
| 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 |