Nancy Spero And Leon A Golub Foundation For The Arts
- Assets
- $5.1m
- Revenue
- $62.5k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/2011
- Data as of
- 12/2022
- EIN
- 27-2753066
Organization Overview
Nancy Spero And Leon A Golub Foundation For The Arts is located in New York, NY. The organization was established in 2011. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Nancy Spero And Leon A Golub Foundation For The Arts 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, Nancy Spero And Leon A Golub Foundation For The Arts generated $62.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $48.8k 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
A PURPOSE OF THE FOUNDATION IS TO MAINTAIN THE ARTWORK THAT HAS BEEN CONTRIBUTED TO IT. DURING 2022, EXPENSES WERE INCURRED TO MAINTAIN SUCH ARTWORK BY THE SPERO GOLUB FAMILY LLC WHICH MAINTAINS AND ADMINISTERS OVER 3,000 PIECES OF ART CREATED BY NANCY SPERO AND LEON GOLUB. SUCH EXPENSES INCLUDE STORAGE FEES; INSURANCE; OFFICE EXPENSES; ACCOUNTING AND BOOKEEPING; TELEPHONE; ART SUPPLIES; OFFICE EXPENSES; SOFTWARE; TRAVEL; INTERNET; POSTAGE AND OTHER ADMINISTRATION EXPENSES. THE FOUNDATION IS CHARGED ITS PERCENTAGE OF THOSE EXPENSES BASED ON ITS SHARE OF THE TOTAL WORKS OF ART MAINTAINED BY THE SPERO GOLUB LLC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip S Golub Trustee | 1 | $0 | |
Paul S Golub Treasurer | 1 | $0 | |
Marion Bachrach ESQ Trustee | 1 | $0 | |
Jon Bird Trustee | 1 | $0 | |
Harriet Meyer Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $39 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $53,400 |
| Capital Gain Net Income | $53,400 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,080 |
| Total Revenue | $62,519 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,048 |
| Printing and publications | $0 |
| Other expenses | $42,841 |
| Total operating and administrative expenses | $48,809 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $48,809 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $291,087 |
| 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 | $0 |
| Other assets | $4,760,673 |
| Total assets | $5,051,760 |
| 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 |