Michael Asher Foundation
- Assets
- $9.6m
- Revenue
- $104.3k
- Investments
- $7.0m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 01/2016
- Data as of
- 12/2022
- EIN
- 35-2510764
Organization Overview
Michael Asher Foundation is located in Los Angeles, CA. The organization was established in 2016. 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. Michael Asher 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 12/2022, Michael Asher Foundation generated $104.3k in total revenue. All expenses for the organization totaled $733.3k during the year ending 12/2022. While expenses have increased by 46.7% 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.
Since 2017, Michael Asher Foundation has awarded 47 individual grants totaling $373,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO VARIOUS NON-PROFIT ORGANIZATIONS TO SUPPORT THE ARTS IN FURTHERANCE OF THE FOUNDATION'S MISSION
TO MAINTAIN AND PRESERVE THE WORK OF MICHAEL ASHER AND MAKE HIS ARCHIVE AVAILABLE FOR RESEARCH. SEE AMOUNT ON FORM 990-PF, PART I, LINE 24.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Dunbar Executive Director | 40 | $125,459 | |
Ann Goldstein Director & President | 7 | $6,000 | |
Miwon Kwon Director; Secretary Thru 10/15/22 | 7 | $19,500 | |
Stephan Pascher Director | 6 | $6,000 | |
Kirsi Peltomaki Director | 6 | $6,000 | |
Stephen James Prina Director | 6 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,506 |
| Dividends & Interest | $172,281 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$80,576 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $58 |
| Total Revenue | $104,269 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $174,959 |
| Other employee salaries and wages | $41,620 |
| Pension plans, employee benefits | $11,614 |
| Interest | $0 |
| Taxes | $23,182 |
| Depreciation | $20,891 |
| Occupancy | $80,050 |
| Travel, conferences, and meetings | $27,171 |
| Printing and publications | $432 |
| Other expenses | $62,602 |
| Total operating and administrative expenses | $683,267 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $733,267 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,963 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $2,186 |
| 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 | $1,062,065 |
| Net Land, buildings, and equipment | $81,127 |
| Other assets | $2,501,298 |
| Total assets | $9,607,434 |
| Accounts payable and accrued expenses | $17,149 |
| 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 | $17,149 |
Grants Awarded
Over the last fiscal year, Michael Asher Foundation has awarded $50,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
FRANKLIN FURNACE ARCHIVE INC PURPOSE: UNRESTRICTED GRANT | $5,000 |
INSTITUTE OF CONTEMPORARY ART LOS ANGELES PURPOSE: GRANT TO SUPPORT BARBARA T. SMITH EXHIBITION | $10,000 |
PRATT INSITUTE PURPOSE: GRANT TO SUPPORT POUNDS PER IMAGE PUBLICATION SERIES, ISSUE 4 | $2,500 |
LOS ANGELES CONTEMPORARY ARCHIVE PURPOSE: GRANT TO SUPPORT THREE COLLECTION INITATIVES (RECOURSE WORK, PRIVATE PRACTICES, RETURN TO SENDER) | $5,000 |
LOS ANGELES COUNTY MUSEUM OF ART PURPOSE: GRANT TO SUPPORT MAGDALENA SUAREZ FRIMKESS EXHIBITION | $10,000 |
FULCRUM ARTS PURPOSE: GRANT TO SUPPORT THE PUBLICATION TRANS HIRSTORY IN 99 OBJECTS BY THEMUSEUM OF TRANS HIRSTORY & ART | $7,500 |