Hauser & Wirth Institute Inc
- Assets
- $133.3k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 08/2018
- Data as of
- 12/2022
- EIN
- 81-3975170
Organization Overview
Hauser & Wirth Institute Inc is located in Brooklyn, NY. The organization was established in 2018. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, 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. Hauser & Wirth Institute 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, Hauser & Wirth Institute Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 22.7% per year over the past 6 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.
Since 2017, Hauser & Wirth Institute Inc has awarded 11 individual grants totaling $397,375. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
HAUSER & WIRTH INSTITUTE WAS ESTABLISHED TO FOSTER INNOVATION AND TO ADVANCE EQUITY IN THE FIELDS OF ARTISTS' ARCHIVES. THIS IS ACCOMPLISHED BY NURTURING DIVERSITY AND TRANSFORMATION IN THE FIELD BY FUNDING ARCHIVAL RESEARCH AND PROVIDING GRANTS TO ARCHIVE PROFESSIONALS. THE INSTITUTE ALSO ENGAGES IN COLLABRATION AND FORMS PARTNERSHIPS THAT ADVANCE INNOVATION AND INCREASE ACCESS TO ARCHIVES, AND PRODUCES PUBLIC PROGRAMS THAT ENLIVEN AND EXPAND CONVERSATIONS AROUND ARTISTIS' LEGACIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Darms Executive Director | 40 | $170,000 | |
Iwan Wirth Chairman | 1 | $0 | |
Marc Payot Treasurer/vice Chairman | 2 | $0 | |
Lynn Gumpert Secretary | 1 | $0 | |
Thaddeus Stauber Board Member | 1 | $0 | |
Paula Marincola Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,086,650 |
| Interest on Savings | $0 |
| 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 | $1,086,650 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $170,000 |
| Other employee salaries and wages | $174,054 |
| Pension plans, employee benefits | $32,861 |
| Interest | $0 |
| Taxes | $37,802 |
| Depreciation | $2,957 |
| Occupancy | $44,516 |
| Travel, conferences, and meetings | $2,470 |
| Printing and publications | $0 |
| Other expenses | $145,101 |
| Total operating and administrative expenses | $727,889 |
| Contributions, gifts, grants paid | $337,000 |
| Total expenses and disbursements | $1,064,889 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,330 |
| 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 | $3,990 |
| Other assets | $0 |
| Total assets | $133,320 |
| Accounts payable and accrued expenses | $5,412 |
| 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 | $5,412 |
Grants Awarded
Over the last fiscal year, Hauser & Wirth Institute Inc has awarded $337,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
THE STUDIO MUSEUM IN HARLEM PURPOSE: PROMOTE THE ARTS | $120,000 |
PRATT INSTITUTE PURPOSE: PROMOTE THE ARTS | $95,000 |
WOMEN'S STUDIO WORKSHOP PURPOSE: PROMOTE THE ARTS | $41,000 |
INSTITUTE OF AMERICAN INDIAN ARTS PURPOSE: PROMOTE THE ARTS | $32,500 |
CAROLEE SCHNEEMANN FOUNDATION PURPOSE: PROMOTE THE ARTS | $28,500 |
SOUTH SIDE COMMUNITY ART CENTER PURPOSE: PROMOTE THE ARTS | $20,000 |