Moholy-Nagy Foundation Inc
- Assets
- $1.6m
- Revenue
- $33.6k
- Investments
- $1.5m
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- 12/2004
- Data as of
- 12/2022
- EIN
- 77-0612896
Organization Overview
Moholy-Nagy Foundation Inc is located in Ann Arbor, MI. The organization was established in 2004. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Moholy-Nagy 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 12/2022, Moholy-Nagy Foundation Inc generated $33.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (15.4%) each year. All expenses for the organization totaled $91.9k 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
SET-UP, REVISIONS, AND MAINTENANCE OF THE FOUNDATION'S WEBSITE IN ORDER TO ALLOW THE PUBLIC TO RESEARCH LAZLO MOHOLY-NAGY'S ARTWORK.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andreas L Hug Archivist | 4 | $21,500 | |
Daniel C Hug Secretary | 1 | $0 | |
Hattula Moholy-Nagy Board Member | 2 | $0 | |
Natalia Hug Director | 25 | $22,000 | |
Kristen Hug Treasurer | 1 | $0 | |
Andras Szanto Board Member | 10 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $28,230 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,422 |
| Total Revenue | $33,649 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $53,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $773 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,571 |
| Printing and publications | $0 |
| Other expenses | $3,749 |
| Total operating and administrative expenses | $89,342 |
| Contributions, gifts, grants paid | $2,600 |
| Total expenses and disbursements | $91,942 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,282 |
| Savings and temporary cash investments | $58,884 |
| 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 | $175,937 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,633,152 |
| 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, Moholy-Nagy Foundation Inc has awarded $13,100 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THE ART INSTITUTE OF CHICAGO PURPOSE: EDUCATIONAL GRANT TO PRESERVE ART ASSETS AND HISTORICAL ACCOUNTS OF ARTISTS. | $1,500 |
VALERIA CARULLO PURPOSE: PUBLISHING GRANT FOR MS. CARULLO'S BOOK MOHOLY-NAGY IN BRITAIN | $9,000 |
ISOKON GALLERY TRUST PURPOSE: GRANT TO PURCHASE PUBLICATION, TELEHOR VOLS 1, DEVOTED TO MOHOLY-NAGY'S WORK FOR MUSEUM COLLECTION | $2,600 |