The Woodman Family Foundation
- Assets
- $53.4m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/2019
- Data as of
- 12/2023
- EIN
- 36-4940322
Organization Overview
The Woodman Family Foundation is located in New York, NY. The organization was established in 2019. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Woodman Family 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 12/2023, Woodman Family Foundation generated $1.3m in total revenue.
Since 2020, Woodman Family Foundation has awarded 23 individual grants totaling $1,067,800. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION IS DEDICATED TO STEWARDING THE ARTISTIC LEGACIES OF BETTY, GEORGE, AND THEIR DAUGHTER, FRANCESCA WOODMAN. IT MAINTAINS A SUBSTANTIAL COLLECTION OF ARTWORKS BY EACH ARTIST, FROM ALL PERIODS AND MEDIA, WHICH WILL BE MADE AVAILABLE TO MUSEUMS, CULTURAL INSTITUTIONS, SCHOLARS, AND ARTISTS TO FURTHER THE APPRECIATION AND UNDERSTANDING OF THEIR WORK. THE FOUNDATION HAS ALSO UNDERTAKEN THE PRESERVATION AND CATALOGING OF ITS EXTENSIVE ARCHIVES TO MAKE THIS INFORMATION ACCESSIBLE FOR SCHOLARLY STUDY. IN ADDITION, THE FOUNDATION HAS BEGUN TO PLACE CERTAIN ARTWORKS IN PUBLIC COLLECTIONS THROUGH GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles H Woodman President | 1 | $1,000 | |
Eric Wechsler Treasurer | 1 | $1,000 | |
Katarina Jerinic Director/curator | 25 | $97,738 | |
Ann Gabhart Director | 1 | $0 | |
Edwin Frank Director | 1 | $1,000 | |
Jeffrey Hoffeld Director | 1 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $116,600 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,224,133 |
| Capital Gain Net Income | $1,224,133 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,358 |
| Total Revenue | $1,345,091 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $277,109 |
| Other employee salaries and wages | $161,328 |
| Pension plans, employee benefits | $49,725 |
| Interest | $0 |
| Taxes | $7,905 |
| Depreciation | $0 |
| Occupancy | $689 |
| Travel, conferences, and meetings | $11,101 |
| Printing and publications | $0 |
| Other expenses | $722,496 |
| Total operating and administrative expenses | $1,353,318 |
| Contributions, gifts, grants paid | $83,500 |
| Total expenses and disbursements | $1,436,818 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $382,770 |
| Savings and temporary cash investments | $2,894,318 |
| Net Accounts receivable | $10,059 |
| 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 | $54,905 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $50,084,406 |
| Total assets | $53,426,458 |
| Accounts payable and accrued expenses | $44,855 |
| 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 | $44,855 |
Grants Awarded
Over the last fiscal year, The Woodman Family Foundation has awarded $83,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ARTSPACE PURPOSE: GENERAL SUPPORT | $10,000 |
CITY HARVEST INC PURPOSE: GENERAL SUPPORT | $10,000 |
FOOD BANK FOR NEW YORK CITY PURPOSE: GENERAL SUPPORT | $10,000 |
ARCHIPELAGO BOOKS PURPOSE: GENERAL SUPPORT | $10,000 |
INTERNATIONAL STUDIO & CURATORIAL PROGRAM PURPOSE: GENERAL SUPPORT | $10,000 |
BEMIS CENTER FOR CONTEMPORARY ARTS PURPOSE: ARTWORK DONATION | $26,000 |