Guston Foundation
- Assets
- $60.5m
- Revenue
- $952.4k
- Investments
- $29.2m
- Employees
- 0
- Location
- West Hurley, NY
- Founding
- 05/2013
- Data as of
- 12/2021
- EIN
- 46-1575176
Organization Overview
Guston Foundation is located in West Hurley, NY. The organization was established in 2013. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Guston 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, Guston Foundation generated $952.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (35.5%) 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CATALOGUING AND ARCHIVING ALL THE WORKS PRODUCED BY THE ARTIST PHILIP GUSTON AND MAKING HIS WORK AVAILABLE TO FACILITATE ART EDUCATION AND RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Radic Executive Director | 40 | $152,700 | |
Jonathan Kadish Senior Web Developer | 32 | $83,386 | |
Natalie Donohue Assistant To Executi | 40 | $58,370 | |
Maurice M Reder Director, Treasurer | 0.5 | $5,000 | |
Michael Conforti Director | 0.5 | $5,000 | |
Thomas Mayer Director, Vice President | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Elyse Topalian Llc | 12/30/20 | $58,125 |
Capital Group Private Client Services | 12/30/20 | $73,564 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13 |
| Dividends & Interest | $372,764 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $579,599 |
| Capital Gain Net Income | $579,599 |
| Net ST Capital Gain | $252 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $952,376 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $162,700 |
| Other employee salaries and wages | $262,185 |
| Pension plans, employee benefits | $108,617 |
| Interest | $0 |
| Taxes | $7,455 |
| Depreciation | $3,952 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $11,200 |
| Printing and publications | $0 |
| Other expenses | $264,280 |
| Total operating and administrative expenses | $1,091,429 |
| Contributions, gifts, grants paid | $20,000 |
| Total expenses and disbursements | $1,111,429 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $976,863 |
| Savings and temporary cash investments | $311,646 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $23,203,705 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $30,021,355 |
| Total assets | $60,484,590 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Guston Foundation has awarded $20,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
DOCTORS WITHOUT BORDERS PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
North Adams, MA PURPOSE: GENERAL OPERATING SUPPORT | $2,000 |
Williamstown, MA PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
AMON CARTER MUSEUM OF AMERICAN ART PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grace Farms Foundation New Canaan, CT | $127,278,874 | $14,337,032 |
Build Health International Inc Beverly, MA | $9,391,112 | $16,132,621 |
China Medical Board Inc Cambridge, MA | $0 | $15,367,231 |
Rubin Museum Of Art New York, NY | $219,341,965 | $20,862,684 |
Pussycat Foundation New York, NY | $113,070,433 | $12,403,154 |
Tippet Rise Foundation New York, NY | $46,097,612 | $11,599,378 |
Gerry Foundation Inc Liberty, NY | $111,892,284 | $11,122,515 |
Moise Y Safra Foundation Inc New York, NY | $57,760,218 | $6,334,851 |
Rockefeller Archive Center Sleepy Hollow, NY | $198,097,366 | $11,995,066 |
Black River Outdoor Education Program Inc Great Neck, NY | $0 | $235,026 |
Tiger Baron Foundation Inc New York, NY | $135,800,192 | $10,090,454 |
Institute For Aegean Prehistory New York, NY | $0 | $4,040,162 |