Metaphysical Arts Foundation
- Assets
- $34.9m
- Revenue
- $35.8m
- Investments
- $818.9k
- Employees
- 0
- Location
- Portola Valley, CA
- Founding
- Data as of
- 12/2021
- EIN
- 86-6726092
Organization Overview
Metaphysical Arts Foundation is located in Portola Valley, CA. According to its NTEE Classification (A51) the organization is classified as: Art Museums, 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. Metaphysical 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OPERATES THE MUSEUM OF AUTOMOTIVE ART, LOCATED IN SAN CARLOS, CALIFORNIA.
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $35,723,399 |
| Interest on Savings | $40 |
| Dividends & Interest | $5,845 |
| Net Rental Income | $46,863 |
| Net Gain on Sale of Assets | $4,741 |
| Capital Gain Net Income | $4,741 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $562 |
| Total Revenue | $35,783,604 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $20,904 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,411 |
| Depreciation | $2,154 |
| Occupancy | $63,750 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $168,567 |
| Total operating and administrative expenses | $414,035 |
| Contributions, gifts, grants paid | $915,000 |
| Total expenses and disbursements | $1,329,035 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,258,346 |
| Savings and temporary cash investments | $1,058,039 |
| 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 | $14,719,020 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $6,514,026 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $7,500,500 |
| Total assets | $34,868,802 |
| Accounts payable and accrued expenses | $346,233 |
| 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 | $68,000 |
| Total liabilities | $414,233 |
Grants Awarded
Over the last fiscal year, Metaphysical Arts Foundation has awarded $915,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PALO ALTO MEDICAL FOUNDATION PURPOSE: GRANT TO THE DR. RICHARD A. GREENE PEDIATRIC CARDIOLOGY FUND. | $900,000 |
BREAKTHROUGH SILICON VALLEY PURPOSE: GRANT TO SUPPORT THE ORGANIZATION'S STUDENTS AND PROGRAMS. | $15,000 |