Foundation For Spirituality And The Arts Inc
- Assets
- $90.7k
- Revenue
- $237.6k
- Investments
- $0.0
- Employees
- 2
- Location
- New York, NY
- Founding
- Data as of
- 12/2022
- EIN
- 86-1930713
Organization Overview
Foundation For Spirituality And The Arts Inc is located in New York, NY. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Foundation For Spirituality And The Arts Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Spirituality And The Arts 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, Foundation For Spirituality And The Arts Inc generated $237.6k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 25.6% each year . All expenses for the organization totaled $208.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
BUILDING ON THE WISDOM OF MILLENNIA OF CAREFUL REFLECTION ABOUT THE DIVINE, THE FOUNDATION FOR SPIRITUALITY AND THE ARTS FOSTERS CONVERSATIONS, RESIDENCIES, AND OTHER PROGRAMS TO NURTURE CONNECTIONS BETWEEN CONTEMPORARY ART AND FAITH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION FOR SPIRITUALITY AND THE ARTS SEEKS TO FOSTER CONTEMPLATION, IMAGINATION, AND THOUGHTFUL ENGAGEMENT THROUGH OUR CURATED PROGRAMING. BY ENCOURAGING A MUTUAL FLOW OF CREATIVITY AND FAITH FROM BOTH ARTISTS AND SCHOLARS, WE HOPE TO INITIATE FRESH CHANNELS OF SPIRITUAL ENRICHMENT FROM NEW DEPTHS OF ARTISTIC EXPRESSION. NURTURING INNOVATIVE AND EXPERIMENTAL COLLABORATIONS BETWEEN A WIDE RANGE OF COMMUNITIES, WE ASPIRE TO INTEGRATE ESTRANGED VOICES TOGETHER IN A SPIRIT OF HARMONY, OPENNESS, AND INQUISITIVENESS. OUR PROGRAMS ARE STRUCTURED INTO FOUR MAIN ARENAS; RESIDENCIES, GATHERINGS, FELLOWSHIPS, AND SELECTED RESOURCES WE CALL INSPIRATIONS. AT THE HEART OF FSA'S PROGRAMMING IS OUR ANNUAL SERIES OF RESIDENCIES - TWO FULLY-FUNDED, LIVE-WORK STUDIO SPACES LOCATED IN THE HEART OF CHARLESTON'S HISTORIC DISTRICT. WE WELCOME VISUAL ARTISTS, PERFORMERS, COMPOSERS, CHOREOGRAPHERS, AND OTHER MAKERS; AS WELL AS CURATORS, WRITERS, AND THEOLOGIANS WORKING ON PROJECTS RELATED TO SPIRITUALITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leeza Ahmady Director Of Programs | OfficerTrustee | 24 | $70,000 |
Tyler Rollins Executive Director | OfficerTrustee | 40 | $0 |
John Silvis Secretary | OfficerTrustee | 1 | $0 |
Karen Stone Talwar Treasurer | OfficerTrustee | 1 | $0 |
Julie Hamilton Foundation Manager | Officer | 40 | $50,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $237,557 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $237,557 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $237,557 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $123,303 |
| Compensation of current officers, directors, key employees. | $30,151 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,054 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,938 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,280 |
| Advertising and promotion | $665 |
| Office expenses | $0 |
| Information technology | $4,690 |
| Royalties | $0 |
| Occupancy | $4,790 |
| Travel | $12,443 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,070 |
| Insurance | $3,561 |
| All other expenses | $2,184 |
| Total functional expenses | $208,878 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,981 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $12,718 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $90,699 |
| Accounts payable and accrued expenses | $3,307 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $20,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $23,307 |
| Net assets without donor restrictions | $67,392 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $90,699 |