The Hill Art Foundation
- Assets
- $34.0m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/2016
- Data as of
- 12/2022
- 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 12/2022, Hill Art Foundation generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (37.2%) each year. All expenses for the organization totaled $2.7m 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
ART EXHIBITION
TEEN EDUCATION PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Tomilson Hill President, Treasurer & Dir | 1 | $0 | |
Janine W Hill Secretary & Director | 1 | $0 | |
Margot Hill Director | 1 | $0 | |
Astrid Hill Director | 1 | $0 | |
Sarah Needham Executive Director | 40 | $202,650 | |
Olivia Fountain Associate | 40 | $68,000 |
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 | $1,715,473 |
| Interest on Savings | $9 |
| 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 | $1,715,482 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $348,503 |
| Pension plans, employee benefits | $86,049 |
| Interest | $0 |
| Taxes | $26,342 |
| Depreciation | $875,278 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,145 |
| Printing and publications | $0 |
| Other expenses | $1,113,586 |
| Total operating and administrative expenses | $2,525,066 |
| Contributions, gifts, grants paid | $155,000 |
| Total expenses and disbursements | $2,680,066 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,599 |
| 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 | $33,855,579 |
| Other assets | $74,633 |
| Total assets | $34,021,811 |
| 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 | $8,741 |
| Total liabilities | $8,741 |
Grants Awarded
Over the last fiscal year, The Hill Art Foundation has awarded $155,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
NEW MUSEUM PURPOSE: TO SUPPORT THE CHARITABLE CAUSE | $30,000 |
CHINATI FOUNDATION PURPOSE: TO SUPPORT THE CHARITABLE CAUSE | $10,000 |
BALLROOM MARFA PURPOSE: TO SUPPORT THE CHARITABLE CAUSE | $10,000 |
STUDIO MUSEUM IN HARLEM PURPOSE: TO SUPPORT THE CHARITABLE CAUSE | $5,000 |
METROPOLITAN MUSEUM OF ART PURPOSE: TO SUPPORT THE CHARITABLE CAUSE | $100,000 |