Alice Trumbull Mason Foundation Inc
- Assets
- $9.0m
- Revenue
- $383.7k
- Investments
- $4.9m
- Employees
- 0
- Location
- New York, NY
- Founding
- Data as of
- 12/2023
- EIN
- 84-1973407
Organization Overview
Alice Trumbull Mason Foundation Inc is located in New York, NY. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, 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. Alice Trumbull Mason Foundation 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 12/2023, Alice Trumbull Mason Foundation Inc generated $383.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $676.7k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTION, LEGACY, AND PROGRAMMING - THE FOUNDATION MAINTAINS A COLLECTION OF ARTWORK OF ALICE TRUMBULL MASON AND EMILY MASON. THE FOUNDATION ALSO MAINTAINS AN ARCHIVE CONSISTING OF THE PERSONAL PROPERTY OF ALICE TRUMBULL MASON, EMILY MASON, AND THEIR LIFETIME ASSOCIATES. THE FOUNDATION USES THESE COLLECTED MATERIALS TO FURTHER ADVANCE THE LEGACIES OF BOTH ARTISTS THROUGH EDUCATION AND IN ORDER TO DEVELOP OPPORTUNITIES FOR EXHIBITIONS AND PUBLIC ACCESS TO THE ARTWORK. IN ADDITION, THE FOUNDATION FULFILLS A CORE PART OF ITS MISSION TO SUPPORT INDIVIDUAL ARTISTS WITH GRANTS RELATED-PROGRAMMING AND STRATEGIC PARTNERSHIPS. THE FOUNDATION INITIATED AN ANNUAL SCHOLARSHIP PROGRAM IN PARTNERSHIP WITH HUNTER COLLEGE TO SUPPORT THREE STUDIO ART STUDENTS FOR TUITION AND STUDY-RELATED EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janis Stemmermann Chair | 1 | $0 | |
Steven R Rose President | 5 | $113,698 | |
Tamill Kapp Treasurer | 1 | $0 | |
Marela Zacarias Secretary | 1 | $0 | |
Elisa Wouk Almino Director | 1 | $15,000 | |
Cecily Kahn Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $147,905 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $232,725 |
| Capital Gain Net Income | $232,725 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,031 |
| Total Revenue | $383,661 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $120,198 |
| Other employee salaries and wages | $117,752 |
| Pension plans, employee benefits | $28,293 |
| Interest | $0 |
| Taxes | $1,919 |
| Depreciation | $0 |
| Occupancy | $465 |
| Travel, conferences, and meetings | $16,119 |
| Printing and publications | $0 |
| Other expenses | $221,544 |
| Total operating and administrative expenses | $657,538 |
| Contributions, gifts, grants paid | $19,114 |
| Total expenses and disbursements | $676,652 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $193,878 |
| Savings and temporary cash investments | $113,184 |
| 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 | $4,893,887 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,797,540 |
| Total assets | $8,998,489 |
| Accounts payable and accrued expenses | $2,053 |
| 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 | $2,053 |
Grants Awarded
Over the last fiscal year, Alice Trumbull Mason Foundation Inc has awarded $19,114 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THE ASPEN INSTITUTE PURPOSE: SUPPORT AEFI'S 2023-2025 PROJECT "AEF CONSORTIUM ADVANCING NEXT-GEN LEADERS IN THE VISUAL ARTS" | $1,500 |
HUNTER COLLEGE PURPOSE: THREE (3) SCHOLARSHIPS FOR ENROLLED ART STUDENTS (BA, BFA, MFA) COVERING TUITION AND BOOKS, SUPPLIES, AND EQUIPMENT REQUIRED FOR STUDIO ART COURSEWORK. | $15,114 |
THE LAUNDROMAT PROJECT PURPOSE: SPONSORSHIP FOR GATHER EVENT HONORING ARTISTS-IN-RESIDENCE. | $2,500 |