Maxine And Stuart Foundation For Art
- Assets
- $112.9m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Troy, MI
- Founding
- 11/1997
- Data as of
- 12/2021
- EIN
- 38-3357965
Organization Overview
Maxine And Stuart Foundation For Art is located in Troy, MI. The organization was established in 1997. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maxine And Stuart Foundation For Art 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 12/2021, Maxine And Stuart Foundation For Art generated $2.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.5%) each year. All expenses for the organization totaled $146.5k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOSTED RECEPTIONS AND DISPLAYED ART FOR LOCAL ARTISTS, FOR STUDENTS AND OTHERS INTERESTED IN ART, AS A MEANS TO PROMOTE THE MAXINE AND STUART FRANKEL FOUNDATION FOR ART.
ACQUIRED CATALOGS AND OTHER MATERIALS TO EVALUATE ART FOR ACQUISITION
ACQUIRED ART FOR DISPLAY BY THE MAXINE & STUART FRANKEL FOUNDATION FOR ART
MAINTAINED AND DISPLAYED ART ACQUIRED BY THE MAXINE & STUART FOUNDATION FOR ART
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stuart Frankel Secretary/tr | 1 | $0 | |
Maxine Frankel President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,922,750 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $2,922,750 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $146,514 |
| Total operating and administrative expenses | $146,534 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $146,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $206,605 |
| 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 | $618,346 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $112,117,972 |
| Total assets | $112,942,923 |
| 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 | $99,325 |
| Total liabilities | $99,325 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cleveland Museum Of Art Cleveland, OH | $1,319,088,329 | $90,038,138 |
The Detroit Institute Of Arts Detroit, MI | $547,056,318 | $58,386,978 |
Indianapolis Museum Of Art Inc Indianapolis, IN | $570,410,766 | $52,226,027 |
Toledo Museum Of Art Toledo, OH | $363,312,718 | $18,709,059 |
Milwaukee Art Museum Inc Milwaukee, WI | $162,007,595 | $17,721,477 |
Cincinnati Museum Association Cincinnati, OH | $281,155,323 | $24,034,593 |
Columbus Museum Of Art Columbus, OH | $186,443,242 | $10,937,046 |
John Huntington Art & Polytechnic Tr Cleveland, OH | $134,688,641 | $10,635,199 |
Dayton Art Institute Dayton, OH | $42,942,635 | $5,850,007 |
Grand Rapids Art Museum Grand Rapids, MI | $63,932,796 | $12,119,660 |
Taft Museum Of Art Cincinnati, OH | $54,566,768 | $7,451,068 |
Akron Art Museum Akron, OH | $58,514,760 | $4,858,452 |