Art Foundation
- Assets
- $219.7k
- Revenue
- $524.2k
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 11/2018
- Data as of
- 12/2022
- EIN
- 83-1205647
Organization Overview
Art Foundation is located in San Francisco, CA. The organization was established in 2018. According to its NTEE Classification (A25) the organization is classified as: Arts Education, 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. 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, Art Foundation generated $524.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 35.0% each year . All expenses for the organization totaled $449.9k 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
ADVANCE AND PROMOTE THE EXPANDING FIELD OF CONTEMPORARY ART IN THE CITY OF SAN FRANCISCO THROUGH EXHIBITIONS, PUBLICATIONS, AND PUBLIC PROGRAMMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ipek Saygi Chairman Of The Board And | 35 | $0 | |
Drew Heitzler Chief Financial Officer An | 1 | $0 | |
Maxine R Schoefer-Wulf Deputy Director | 35 | $71,589 | |
Efe Ozmen Exhibitions Manager | 35 | $68,378 | |
Tugce H Ozmen Creative Lead | 35 | $68,378 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $523,918 |
| 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 | $331 |
| Other Income | $0 |
| Total Revenue | $524,249 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $208,345 |
| Pension plans, employee benefits | $34,833 |
| Interest | $0 |
| Taxes | $15,155 |
| Depreciation | $10,000 |
| Occupancy | $68,167 |
| Travel, conferences, and meetings | $3,450 |
| Printing and publications | $4,640 |
| Other expenses | $105,305 |
| Total operating and administrative expenses | $449,895 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $449,895 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,910 |
| 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 | $120,833 |
| Other assets | $0 |
| Total assets | $219,743 |
| 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 | $3,052 |
| Total liabilities | $3,052 |