The Foundation For Art And Healing Inc
- Assets
- $830.1k
- Revenue
- $784.4k
- Investments
- $0.0
- Employees
- 9
- Location
- Brookline, MA
- Founding
- 05/2006
- Data as of
- 06/2021
- EIN
- 33-1125148
Organization Overview
The Foundation For Art And Healing Inc is located in Brookline, MA. The organization was established in 2006. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Foundation For Art And Healing Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Art And Healing 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 06/2021, Foundation For Art And Healing Inc generated $784.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 64.1% each year . All expenses for the organization totaled $772.5k during the year ending 06/2021. While expenses have increased by 50.0% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S MISSION IS TO CHAMPION AND ENGAGE CREATIVE ARTS EXPRESSION AS A PATH TOWARDS IMPROVED HEALTH AND WELL-BEING FOR INDIVIDUALS AND COMMUNITIES. THE FOUNDATION DO THIS BY CREATING AWARENESS OF HOW THE ARTS CAN ADDRESS HEALTH ISSUES, DESIGNING AND OFFERING CREATIVE EXPRESSION BASED SOLUTIONS, AND PARTNERING WITH ORGANIZATIONS TO FUND, DEVELOP, AND DISTRIBUTE PROGRAMS THAT DELIVER MEASURABLE RESULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MOBILIZES PARTNERS AND THE PUBLIC TO EMBRACE THE ARTS AS A PROVEN PATH TOWARDS IMPROVED PERSONAL AND PUBLIC HEALTH. ROOTED IN MEDICINE AND SCIENCE, THE FOUNDATION DEVELOP APPLICATIONS FOR UTILIZING CREATIVE ARTS EXPRESSION AS A REMEDY TO NATIONAL HEALTH ISSUES. THROUGH COLLABORATIVE PARTNERSHIPS AND INNOVATIVE PROGRAMS, THE FOUNDATION SERVE COMMUNITIES BY PROVIDING ARTS-BASED PROGRAMS AND RESOURCES THAT IMPROVE WELL-BEING.THE CREATIVE ARTS OFFER A POWERFUL LENS TO BETTER UNDERSTAND OURSELVES, EACH OTHER, AND THE WORLD. ART DRAWS US INWARD, ALLOWING US A CHANCE TO IMPROVE PERSONAL HEALTH THROUGH INDIVIDUAL REFLECTION, EXPRESSION, AND ACTION. CREATIVITY ALSO ACTS AS A CATALYST TO PROMOTE INTERPERSONAL ENGAGEMENT THAT STRENGTHENS COMMUNITY CONNECTIONS AND WELL-BEING. THE FOUNDATION UTILIZE THE ARTS AS PUBLIC HEALTH TOOL TO IMPROVE AMERICA'S HEALTH AND WELL-BEING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremy Nobel President | OfficerTrustee | 30 | $121,370 |
Deborah Obalil Treasurer | OfficerTrustee | 2 | $0 |
Marco Diaz Secretary | OfficerTrustee | 2 | $0 |
Arnell Hinkle Director | Trustee | 2 | $0 |
David Shulkin Director | Trustee | 2 | $0 |
Marc Lieberstein Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $77,023 |
| All other contributions, gifts, grants, and similar amounts not included above | $72,547 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $149,570 |
| Total Program Service Revenue | $430,894 |
| Investment income | $3,928 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $200,000 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $784,392 |
| 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. | $121,370 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $357,772 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $36,585 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,571 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $99,074 |
| Advertising and promotion | $41,465 |
| Office expenses | $10,232 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,951 |
| 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 | $18,815 |
| All other expenses | $0 |
| Total functional expenses | $772,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $221,974 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $93,350 |
| 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 | $1,243 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $513,564 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $830,131 |
| Accounts payable and accrued expenses | $29,533 |
| 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 | $29,533 |
| Net assets without donor restrictions | $800,598 |
| 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 | $830,131 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that The Foundation For Art And Healing Inc has recieved totaling $22,505.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $11,000 |
Douglas Drane Charitable Tr Austin, TX PURPOSE: UNRESTRICTED | $5,000 |
Ting Tsung And Wei Fong Chao Foundation Houston, TX PURPOSE: THE UNLONELY PROJECT | $4,000 |
Vradenburg Foundation Washington, DC PURPOSE: UNRESTRICTED | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shed Nyc Inc New York, NY | $621,442,218 | $102,270,782 |
Westchester Academic Library Directors Organization Inc New York, NY | $47,276,623 | $38,534,511 |
Pro Publica Inc New York, NY | $60,782,681 | $36,005,300 |
Dia Center For The Arts Inc New York, NY | $215,209,262 | $19,693,933 |
Munson-Williams-Proctor Arts Institute Utica, NY | $139,434,457 | $25,944,561 |
Bethel Woods Center For The Arts Inc Liberty, NY | $30,099,296 | $24,809,456 |
Joan Mitchell Foundation Inc New York, NY | $163,093,074 | $7,287,755 |
Pioneer Works Art Foundation Brooklyn, NY | $17,838,425 | $7,041,619 |
St Anns Warehouse Inc Brooklyn, NY | $32,618,208 | $8,833,127 |
One Club For Creativity Inc New York, NY | $23,237,696 | $9,988,732 |
Consensus Building Institute Inc Cambridge, MA | $9,333,296 | $7,559,086 |
Judd Foundation New York, NY | $82,389,087 | $7,883,436 |