The Hill Art Foundation
- Assets
- $35.0m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/2016
- Data as of
- 12/2021
- EIN
- 81-3966353
Organization Overview
The Hill Art Foundation is located in New York, NY. The organization was established in 2016. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hill 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 12/2021, Hill Art Foundation generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (45.0%) each year. All expenses for the organization totaled $2.3m 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
CHRISTOPHER WOOL AND HILL COLLECTION EXHIBITION
TEEN EDUCATION PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Needham Executive Director | 40 | $194,375 | |
Alexandra Ferrari Registrar/office Man | 40 | $128,000 | |
Olivia Fountain Associate | 40 | $46,250 | |
Janine W Hill Secretary & Director | 1 | $0 | |
Astrid Hill Director | 1 | $0 | |
J Tomilson Hill President, Treasurer & Dir | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gibson Dunn & Crutcher Llp | 7/30/18 | $105,077 |
Cravath Swaine & Moore Llp | 7/30/18 | $75,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,408,010 |
| Interest on Savings | $162 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,408,172 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $368,625 |
| Pension plans, employee benefits | $161,402 |
| Interest | $0 |
| Taxes | $26,788 |
| Depreciation | $875,278 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,822 |
| Printing and publications | $0 |
| Other expenses | $783,209 |
| Total operating and administrative expenses | $2,263,840 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $2,273,840 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,196 |
| 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 | $0 |
| Net Land, buildings, and equipment | $34,730,857 |
| Other assets | $133,370 |
| Total assets | $35,005,423 |
| 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 | $27,769 |
| Total liabilities | $27,769 |
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