Magnum Cultural Foundation

Organization Overview

Magnum Cultural Foundation is located in New York, NY. The organization was established in 2007. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Magnum Cultural Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magnum Cultural 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 12/2021, Magnum Cultural Foundation generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

MENTOR THE NEXT GENERATION OF PHOTOGRAPHERS AND HAVE IMPACT ON HISTORICAL/CONTEMPORARY PHOTOGRAPHY

Describe the Organization's Program Activity:

Part 3 - Line 4a

MAJOR PROGRAM SERVICES INCLUDE: PROVIDING FINANCIAL SUPPORT TO PHOTOGRAPHERS TO DOCUMENT ISSUES OF LOCAL, NATIONAL, OR GLOBAL CONCERN BEFORE THEY REACH CRISIS PROPORTIONS, WITH A FOCUS ON SUBJECTS THAT HAVE NOT RECEIVED THE ATTENTION THEY DESERVE; INCREASING THE IMPACT OF DOCUMENTARY PHOTOGRAPHY BY CONNECTING PHOTOGRAPHERS AND THEIR WORK WITH NONPROFIT ORGANIZATIONS AND INDIVIDUALS COMMITTED TO SOCIAL CHANGE; TRAINING THE NEXT GENERATION OF IMAGE-MAKERS AND GIVING AWARDS TO OUTSTANDING YOUNG PHOTOGRAPHERS COMMITTED TO DOCUMENTARY WORK; AND PRESERVING AND MAKING ACCESSIBLE SIGNIFICANT DOCUMENTARY COLLECTIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Kristen Lubben
Executive Director
$125,000
Newsha Tavakolian
Director
$6,000
Sohrab Hura
Director
$6,000
Susan Meiselas
President
$0
Claire Davis
Treasurer
$0
Alice Sachs Zimet
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $293,635
All other contributions, gifts, grants, and similar amounts not included above$1,742,146
Noncash contributions included in lines 1a–1f $47,212
Total Revenue from Contributions, Gifts, Grants & Similar$2,035,781
Total Program Service Revenue$92,134
Investment income $399
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $11,788
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,140,102

Grants Awarded

Over the last fiscal year, Magnum Cultural Foundation has awarded $24,770 in support to 2 organizations.

Grant RecipientAmount

INTERNATIONAL CENTER OF PHOTOGRAPHY

Org PageRecipient Profile

New York, NY

PURPOSE: HUMAN RIGHTS FELLOWSHIP

$15,000

CUNY GRADUATE SCHOOL OF JOURNALISM

Org PageRecipient Profile

New York, NY

PURPOSE: HUMAN RIGHTS FELLOWSHIP

$9,770
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 16 grants that Magnum Cultural Foundation has recieved totaling $1,599,698.

Awarding OrganizationAmount
Foundation To Promote Open Society

New York, NY

PURPOSE: TO PROVIDE GENERAL SUPPORT

$374,000
Foundation To Promote Open Society

New York, NY

PURPOSE: TO PROVIDE GENERAL SUPPORT

$300,000
Foundation For A Just Society

New York, NY

PURPOSE: TO PROVIDE GENERAL OPERATING SUPPORT

$225,000
Foundation For A Just Society

New York, NY

PURPOSE: TO PROVIDE GENERAL OPERATING SUPPORT

$225,000
Foundation To Promote Open Society

New York, NY

PURPOSE: TO PROVIDE GENERAL SUPPORT

$200,000
Commonwealth Fund

New York, NY

PURPOSE: VISUAL STORYTELLING ON HEALTH EQUITY

$120,000
View Grant Recipient Profile

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