William Louis-Dreyfus Foundation
- Assets
- $33.0m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Wilton, CT
- Founding
- 02/2016
- Data as of
- 08/2021
- EIN
- 46-3745686
Organization Overview
William Louis-Dreyfus Foundation is located in Wilton, CT. The organization was established in 2016. 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. William Louis-Dreyfus 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 08/2021, William Louis-Dreyfus Foundation generated $1.1m 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 (18.7%) each year. All expenses for the organization totaled $1.6m during the year ending 08/2021. 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
MAINTAIN ART COLLECTION FOR VIEWING BY GENERAL PUBLIC, GUIDED PUBLIC TOURS, AND DISCUSSIONS (13 TOURS DURING THE TAX YEAR TO STUDENTS, ARTISTS, ART PROFESSIONALS & COMMUNITY GROUPS).NOTE REGARDING TOURS: THE NUMBER OF TOURS IN THE CURRENT TAX YEAR IS LESS THAN IN PRIOR YEARS DUE TO THE COVID-19 PANDEMIC.
MAINTAINING A FOUNDATION WEBSITE DISPLAYING ARTWORK AND PROVIDING INFORMATION ABOUT ARTISTS, ART LOAN PROGRAM, PUBLIC TOURS AND OFFSITE EXHIBITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Wingertzahn Chief Financial Officer | 1.5 | $0 | |
Phoebe Louis-Dreyfus Director | 0.5 | $0 | |
Robert L Costello Director | 0.13 | $0 | |
Vincent Cuono Secretary & Treasurer | 6 | $0 | |
Jeff Gilman President | 3 | $0 | |
Yoji Nimura Chief Investment Officer | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
James Fuentes Llc | 8/30/21 | $202,760 |
Murphy & Partners Llp | 8/30/21 | $345,176 |
Wood Design Llc | 8/30/21 | $95,843 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $175,000 |
| Interest on Savings | $109 |
| Dividends & Interest | $496 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $969,164 |
| Capital Gain Net Income | $2,370,758 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,144,769 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $77,342 |
| Depreciation | $74,107 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $383,259 |
| Total operating and administrative expenses | $560,792 |
| Contributions, gifts, grants paid | $1,000,000 |
| Total expenses and disbursements | $1,560,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,875,339 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $169,460 |
| 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 | $43,983 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,475,945 |
| Other assets | $24,476,437 |
| Total assets | $33,041,164 |
| Accounts payable and accrued expenses | $76,522 |
| 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 | $76,522 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Buffalo Fine Arts Academy Buffalo, NY | $293,134,468 | $30,844,940 |
New Museum Of Contemporary Art New York, NY | $107,362,095 | $41,908,538 |
Institute Of Contemporary Art Boston, MA | $121,321,339 | $26,427,567 |
Museum Of Arts And Design New York, NY | $100,702,289 | $12,680,439 |
Wadsworth Atheneum Museum Of Art Hartford, CT | $165,426,651 | $15,147,902 |
Neue Galerie New York New York, NY | $114,494,920 | $18,242 |
Worcester Art Museum Worcester, MA | $148,643,203 | $30,005,812 |
International Center Of Photography New York, NY | $72,245,409 | $16,287,723 |
Doris Duke Foundation For Islamic Art New York, NY | $38,632,422 | $9,089,054 |
Storm King Art Center New Windsor, NY | $80,583,864 | $14,230,209 |
Fellowship For The Performing Arts Inc New York, NY | $15,555,732 | $10,766,818 |
Ps1 Contemporary Art Center Inc Long Island City, NY | $7,393,924 | $9,638,266 |