Sonnabend Collection Foundation

Organization Overview

Sonnabend Collection Foundation is located in New York, NY. The organization was established in 2013. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, 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. Sonnabend Collection 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, Sonnabend Collection Foundation generated $700.9k 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 (50.3%) each year. All expenses for the organization totaled $440.1k 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 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

EXHIBITION & LENDING OF ARTWORKS OWNED BY THE FOUNDATION TO EDUCATIONAL INSTITUTIONS AND PUBLIC MUSEUMS. IN 2021, THE FOUNDATION HAD WORKS ON LOAN TO FONDAZIONE MUSEI CIVIVI DE VENEZIA AND PALAZZO GRASSI IN VENICE, ITALY, THE PHILADELPHIA MUSEUM OF ART, PHILADELPHIA, PENNSYLVANIA, FONDAZIONE PALAZZO STROZZI IN FLORENCE, ITALY.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $700,859
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 $700,859

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