Ilya And Emilia Kabakov Foundation
- Assets
- $2.2m
- Revenue
- $88.7k
- Investments
- $504.2k
- Employees
- 0
- Location
- Mattituck, NY
- Founding
- 09/2012
- Data as of
- 09/2022
- EIN
- 35-6906882
Organization Overview
Ilya And Emilia Kabakov Foundation is located in Mattituck, NY. The organization was established in 2012. 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. Ilya And Emilia Kabakov 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 09/2022, Ilya And Emilia Kabakov Foundation generated $88.7k 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 (11.5%) each year. All expenses for the organization totaled $50.2k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 6 years. 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 SHIP OF TOLERANCE - THE MISSION OF THE SHIP OF TOLERANCE IS TO EDUCATE AND CONNECT YOUTH OF DIFFERENT CONTINENTS, CULTURES, AND IDENTITIES THROUGH THE LANGUAGE OF ART. IT IS A CONCEPTUAL PIECE THAT IS MEANT TO REFLECT HOW DIVERGENT CULTURES INTERPRET TOLERANCE AND HOW THESE INTERPRETATIONS OVERLAP. THE SHIP'S SAILS ARE STITCHED TOGETHER FROM PAINTINGS BY HUNDREDS OF LOCAL SCHOOLCHILDREN FROM DIFFERENT ETHNIC AND SOCIAL BACKGROUNDS, AND WILL CONVEY A MESSAGE OF TOLERANCE AND HOPE. BY PARTICIPATING IN THE CREATION OF THIS SHIP CHILDREN WILL LEARN ABOUT RESPECTING DIFFERENT CULTURES AND IDEAS WHILE APPRECIATING HOW THEY DIFFER FROM THEIR OWN. IN SHORT, THROUGH THIS CREATIVE PROCESS THEY WILL BOTH DEMONSTRATE AND GAIN A VIBRANT LESSON IN TOLERANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emilia Kabakov Trustee | 1 | $0 | |
Viola Kanevsky Trustee | 1 | $0 | |
Isis Kanevsky Trustee | 1 | $0 | |
Ilya Kabakov Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $70,438 |
| Interest on Savings | $13 |
| Dividends & Interest | $18,249 |
| 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 | $88,700 |
| 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 | $0 |
| Printing and publications | $0 |
| Other expenses | $42,158 |
| Total operating and administrative expenses | $50,171 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $50,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $293,899 |
| Savings and temporary cash investments | $1,369,001 |
| 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 | $1,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,168,060 |
| 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 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ilya And Emilia Kabakov Foundation has recieved totaling $150,000.
| Awarding Organization | Amount |
|---|---|
Charities Aid Foundation America Alexandria, VA PURPOSE: GENERAL SUPPORT | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tippet Rise Foundation New York, NY | $46,097,612 | $11,599,378 |
Gerry Foundation Inc Liberty, NY | $111,892,284 | $11,122,515 |
Moise Y Safra Foundation Inc New York, NY | $57,760,218 | $6,334,851 |
Rockefeller Archive Center Sleepy Hollow, NY | $198,097,366 | $11,995,066 |
Black River Outdoor Education Program Inc Great Neck, NY | $0 | $235,026 |
Tiger Baron Foundation Inc New York, NY | $135,800,192 | $10,090,454 |
Institute For Aegean Prehistory New York, NY | $0 | $4,040,162 |
Birthright Israel North America Inc New York, NY | $2,756,137 | $5,688,766 |
Soros Economic Development Fund New York, NY | $190,503,205 | $61,273,314 |
Willem De Kooning Foundation New York, NY | $89,591,494 | $5,032,918 |
Stoneleigh Foundation Philadelphia, PA | $92,384,286 | $2,978,235 |
Planning And Art Resources For Communities Inc New York, NY | $52,479,102 | $4,125,701 |