Boris Lurie Art Foundation
- Assets
- $0.0
- Revenue
- $786.3k
- Investments
- $47.4m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 05/2009
- Data as of
- 06/2020
- EIN
- 98-0590515
Organization Overview
Boris Lurie Art Foundation is located in Wilmington, DE. The organization was established in 2009. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Boris Lurie 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 06/2020, Boris Lurie Art Foundation generated $786.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (70.0%) each year. All expenses for the organization totaled $4.2m during the year ending 06/2020. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
GALLERY AND MUSEUM EXHIBITIONS TO MAKE THE NO! ART MOVEMENT AU COURANT AND KEEP THE WORKS OF THE ARTISTS ALIVE IN THE ART WORLD.
RESTORATION, STORAGE, AND MAINTENANCE OF ART HELD BY THE FOUNDATION, INCLUDING ART CREATED BY BORIS LURIE AS WELL AS OTHERS.
THE TRANSLATION AND PUBLICATION OF BORIS LURIE'S POETRY, ESSAYS, BOOKS, AND ARTICLES AS WELL AS THE COMMISSION OF NEW PUBLICATIONS ABOUT BORIS LURIE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gertrude Stein Dir, Pres | 40 | $750,260 | |
Elizabeth Miseo Collections Manager | 40 | $90,250 | |
Patrick Gora Assistant Registrar | 40 | $63,850 | |
Anthony Williams Dir, Chairman | 10 | $17,000 | |
Joi Deirdre Grieg Dir | 1 | $17,000 | |
Amy Korenvaes Dir | 1 | $12,750 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fidelity | 6/29/21 | $536,412 |
Dentons Us Llp | 6/29/21 | $364,095 |
Sri Fine Art Services | 6/29/21 | $268,802 |
Rafael Vostell | 6/29/21 | $146,746 |
Foundation Source | 6/29/21 | $137,188 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,452 |
| Interest on Savings | $51,519 |
| Dividends & Interest | $898,883 |
| Profit on Inventory Sales | $0 |
| Other Income | $122,593 |
| Total Revenue | $786,286 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $787,090 |
| Pension plans, employee benefits | $42,511 |
| Depreciation | $5,860 |
| Occupancy | $793,464 |
| Travel, conferences, and meetings | $86,492 |
| Printing and publications | $35,489 |
| Total operating and administrative expenses | $4,079,841 |
| Contributions, gifts, grants paid | $134,274 |
| Total expenses and disbursements | $4,214,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $14,716,606 |
| Other assets | $30,411,796 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Boris Lurie Art Foundation has awarded $134,274 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Minneapolis, MN PURPOSE: INSTALLATION, PUBLIC PROGRAMMING, AND MARKETING SUPPORT FOR TWO COMPLIMENTARY PROJECTS - ARTISTS RESPOND AMERICAN ART AND THE VIETNAM WAR 1965-1975 AND CONTEMPORARY ARTISTS REFLECT ON THE AMERICAN WAR | $50,000 |
New York, NY PURPOSE: GENERAL & UNRESTRICTED | $34,274 |
NATIONAL CENTER FOR JEWISH FILM INC PURPOSE: THE FILM, RESTITUTION: ART AND MEMORY | $25,000 |
Woodstock, NY PURPOSE: CASTING OF ROCCO ARMENTO'S SCULPTURES | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Artsquest Bethlehem, PA | $46,615,180 | $27,430,533 |
Lincoln Park Performing Arts Center Midland, PA | $37,610,958 | $11,880,429 |
African American Cultural Center Pittsburgh, PA | $15,275,830 | $8,128,417 |
Mount Carmel Guild Education Newark, NJ | $2,668,838 | $6,215,422 |
Seward Johnson Atelier Inc Hamilton, NJ | $66,063,145 | $5,452,215 |
Baltimore Office Of Promotion And The Arts Baltimore, MD | $2,768,148 | $4,464,806 |
Boris Lurie Art Foundation Wilmington, DE | $0 | $786,286 |
The Appel Farm Arts And Music Center Elmer, NJ | $4,758,739 | $2,705,675 |
Multicultural Community Family Services Inc Upper Darby, PA | $617,484 | $2,120,656 |
Rivers Of Steel Heritage Corporation Homestead, PA | $6,978,664 | $2,016,584 |
National Council For The Traditional Arts Silver Spring, MD | $1,116,811 | $2,051,101 |
Mkm Foundation Wilmington, DE | $21,658,841 | $3,029,423 |