Sonnabend Collection Foundation
- Assets
- $120.5m
- Revenue
- $425.5k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/2013
- Data as of
- 12/2022
- EIN
- 46-0725181
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 12/2022, Sonnabend Collection Foundation generated $425.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $491.9k during the year ending 12/2022. 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
EXHIBITION & LENDING OF ARTWORKS OWNED BY THE FOUNDATION TO EDUCATIONAL INSTITUTIONS AND PUBLIC MUSEUMS. IN 2022, THE FOUNDATION HAD WORKS ON LOAN TO FONDAZIONE MUSEI CIVIVI DE VENEZIA IN VENICE, ITALY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Antonio Homem President | 40 | $0 | |
Margaret Sundell Secretary | 0 | $0 | |
Phokion Potamianos Treasurer | 0 | $0 | |
David Sundell Director | 0 | $0 | |
Queenie K Wong Director | 40 | $108,462 | |
Jeffrey G Byrd Administrator | 40 | $89,692 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $425,514 |
| 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 | $425,514 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $202,954 |
| Pension plans, employee benefits | $87,013 |
| Interest | $0 |
| Taxes | $19,864 |
| Depreciation | $0 |
| Occupancy | $38,249 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $437 |
| Other expenses | $77,684 |
| Total operating and administrative expenses | $491,908 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $491,908 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,423 |
| Savings and temporary cash investments | $0 |
| 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 | $600 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $120,442,815 |
| Total assets | $120,479,838 |
| 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 | $30,601 |
| Total liabilities | $30,601 |