Heathcote Art Foundation Inc
- Assets
- $1.3m
- Revenue
- $102.4k
- Investments
- $1.3m
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/1967
- Data as of
- 10/2023
- EIN
- 51-0201123
Organization Overview
Heathcote Art Foundation Inc is located in New York, NY. The organization was established in 1967. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, 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. Heathcote Art Foundation Inc 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 10/2023, Heathcote Art Foundation Inc generated $102.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $154.8k during the year ending 10/2023. While expenses have increased by 4.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mercy Bona Pavelic President | 15 | $59,000 | |
Thana Alexa Pavelic Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,254 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $84,593 |
| Capital Gain Net Income | $84,593 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $539 |
| Total Revenue | $102,386 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $59,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,514 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,484 |
| Total operating and administrative expenses | $101,772 |
| Contributions, gifts, grants paid | $53,000 |
| Total expenses and disbursements | $154,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,846 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $22,332 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,260,507 |
| Accounts payable and accrued expenses | $22,000 |
| 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 | $22,000 |
Grants Awarded
Over the last fiscal year, Heathcote Art Foundation Inc has awarded $53,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
WAX FACTORY PURPOSE: FACE CROATIA REGRANTING PROGRAM | $37,000 |
1 STREET GALLERY PURPOSE: GENERAL PROGRAM SUPPORT | $5,000 |
CEC ARTSLINK PURPOSE: GENERAL PROGRAM SUPPORT | $10,000 |
LAB FOR ICON PURPOSE: GENERAL PROGRAM SUPPORT | $1,000 |