Five Arts Foundation
- Assets
- $55.0k
- Revenue
- $221.4k
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 01/2017
- Data as of
- 12/2022
- EIN
- 81-6644155
Organization Overview
Five Arts Foundation is located in San Francisco, CA. The organization was established in 2017. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Five Arts 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, Five Arts Foundation generated $221.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $265.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Five Arts Foundation has awarded 98 individual grants totaling $1,630,325. 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
THE ACTIVITIES OF THE FOUNDATION ARE LIMITED TO GRANT MAKING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helen Berggruen Trustee | 1 | $0 | |
Hilary Rand Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $221,234 |
| Interest on Savings | $0 |
| Dividends & Interest | $127 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $132,444 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $221,361 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,700 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $140 |
| Total operating and administrative expenses | $17,905 |
| Contributions, gifts, grants paid | $247,650 |
| Total expenses and disbursements | $265,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,088 |
| 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 | $0 |
| Other assets | $4,958 |
| Total assets | $55,046 |
| 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 | $12,765 |
| Total liabilities | $12,765 |
Grants Awarded
Over the last fiscal year, Five Arts Foundation has awarded $247,650 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
SAN FRANCISCO OPERA PURPOSE: IN SUPPORT OF SAN FRANCISCO OPERA | $100,000 |
WEST EDGE OPERA PURPOSE: IN SUPPORT OF WEST EDGE OPERA | $2,500 |
THE METROPOLITAN OPERA PURPOSE: IN SUPPORT OF THE METROPOLITAN OPERA | $16,000 |
CARNEGIE HALL PURPOSE: IN SUPPORT OF CARNEGIE HALL | $500 |
SAN FRANCISCO FOUNDATION PURPOSE: IN SUPPORT OF SAN FRANCISCO FOUNDATION | $25,000 |
NAPA VALLEY COMMUNITY FOUNDATION PURPOSE: IN SUPPORT OF NAPA VALLEY COMMUNITY FOUNDATION | $40,000 |