Niki Charitable Art Foundation
- Assets
- $36.9m
- Revenue
- $1.6m
- Investments
- $15.4m
- Employees
- 0
- Location
- Park City, UT
- Founding
- 11/2002
- Data as of
- 12/2022
- EIN
- 47-6245971
Organization Overview
Niki Charitable Art Foundation is located in Park City, UT. The organization was established in 2002. 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. Niki Charitable Art 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, Niki Charitable Art Foundation generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $783.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Niki Charitable Art Foundation has awarded 56 individual grants totaling $155,519. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
THE PURPOSE OF THE FOUNDATION IS TO PROVIDE FOR THE PRESERVATION, RESTORATION, DISPLAY, PRESENTATION, AND INTERPRETATION OF THE NIKI DE SAINT PHALLE COLLECTION AND THE CYCLOPS IN PARIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bloum Cardenas Trustee | 20 | $50,000 | |
Marcelo Zitelli Trustee | 10 | $50,000 | |
David Stevenson Trustee | 20 | $50,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Array Kinetics Llc | 12/30/22 | $104,731 |
Philippe Zagury | 12/30/22 | $64,927 |
Art Mosaic Inc | 12/30/22 | $73,979 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $137 |
| Dividends & Interest | $124,058 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $31,172 |
| Capital Gain Net Income | $31,395 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,474,330 |
| Total Revenue | $1,629,697 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $203,002 |
| Other employee salaries and wages | $93,225 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $23,565 |
| Depreciation | $27,595 |
| Occupancy | $30,307 |
| Travel, conferences, and meetings | $127,131 |
| Printing and publications | $0 |
| Other expenses | $119,381 |
| Total operating and administrative expenses | $753,196 |
| Contributions, gifts, grants paid | $29,881 |
| Total expenses and disbursements | $783,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $552,377 |
| Savings and temporary cash investments | $1,083,129 |
| 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 | $1,600,000 |
| Net Land, buildings, and equipment | $805,523 |
| Other assets | $19,055,408 |
| Total assets | $36,905,415 |
| 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, Niki Charitable Art Foundation has awarded $29,881 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
HIGH MUSEUM OF ART PURPOSE: ART PROGRAM | $145 |
LOS ANGELES COUNTY MUSEUM OF ART PURPOSE: ART PROGRAM | $650 |
IL GIARDINO DEI TAROCCHI PURPOSE: SUPPORT DINNER EVENT FOR FUNDRAISING | $16,486 |
KING BAUDOUIN FOUNDATION UNITED STA PURPOSE: ART PROGRAM | $5,000 |
PBS FOUNDATION PURPOSE: ART PROGRAM | $100 |
ARTREACH PURPOSE: ART PROGRAM | $7,500 |