2024-11-14T10:11:12-05:00 2023-12-31 271329764 KVLSM LLP 415 CROSSWAYS PARK DR STE C WOODBURY NY 117972055 990 2023-01-01 061313662 THE ELIZABETH FOUNDATION FOR THE ARTS ELIZ 2125635855 EFA CENTER 323 WEST 39TH ST NEW YORK NY 100181411 GEORGE SCHEER EXECUTIVE DIRECTOR 2125635855 2024-11-13 true true KENNETH LIPNER CPA P00747976 5162940400 2024-11-13 2023 2024-10-15 13:58:12Z STUART FRIEDMAN SAME AS C ABOVE NEW YORK NY 10018 3265527 false X WWW.EFANCY.ORG X 1992 NY PROVIDING ARTISTS WITH SPACE, TOOLS, AND A FORUM FOR DEVELOPMENT. 9 9 23 110955 71299 662011 1285825 1277637 1363166 468 4235 287385 258558 2227501 2911784 22100 49430 0 880797 937914 0 0 1527896 2153448 2430793 3140792 -203292 -229008 7043341 6877933 4877820 5743945 2165521 1133988 X EFA IS DEDICATED TO PROVIDING ARTISTS ACCROSS ALL DISCIPLINES WITH SPACE, TOOLS AND A COOPERATIVE FORUM FOR THE DEVELOPMENT OF INDIVIDUAL PRACTICE. EFA IS A CATALYST FOR CULTURAL GROWTH, STIMULATING NEW INTERACTIONS BETWEEN ARTISTS, CREATIVE COMMUNITES AND THE PUBLIC. false false SEE SCHEDULE O 2530803 49430 STUDIO CENTER: PROVIDES ARTISTS WITH AFFORDABLE PROFESSIONAL ART STUDIOS IN NEW YORK AND PROFESSIOINAL CAREER DEVELOPMENT THROUGH VISITING PROFESSIONALS, SEMINARS, LECTURES, AND PUBLIC INTERERATION THROUGH OPEN STUDIOS. ROBERT BLACKBURN PAINTMAKING WORKSHOP: PROVIDES ARTISTS WITH AFFORDABLE PROFESSIOINAL PAINTMAKING STUDIO WORKSPACE, CLASSES, LECTURES, DEMONSTRATIONS AND EXHIBITION OPPORTUNITIES. PROJECT SPACE: PROVIDES ARTISTS AND CURATORS WITH PROFESSIONAL CAREER DEVELOPMENT THROUGH EXHIBITIONS, EVENTS, SEMINARS, RESIDENCIES AND PUBLIC INTERATION AND DISCUSSION. 2530803 49430 2530803 true true false false false false false true false false true false false true true false false false false false false false false false false false false false true false false false false true false true false false false false false false false false false false false true 81 0 false 23 true true true false false false false false false false false false false false false false X 9 9 true false false false false false false true true false false true true true true true true true false false NY X THE ELIZABETH FOUNDATION FOR THE ARTS 2125635855 323 WEST 39TH STREET NEW YORK NY 10018 JANE STEPHENSON BOARD MEMBER 40.00 X 74072 0 0 LAURA BUCKLES BOARD MEMBER 2.00 X 0 0 0 JOHN KOEGEL BOARD MEMBER 2.00 X 0 0 0 MICHELLE LOH BOARD MEMBER 2.00 X 0 0 0 DEANNA ROCKEFELLER BOARD MEMBER 2.00 X 0 0 0 STEPHEN BRAUN SECRETARY 2.00 X 0 0 0 STUART FRIEDMAN TREASURER 2.00 X 0 0 0 GEORGE GORDON KING VICE PRESIDE 2.00 X 0 0 0 ALAN KLEIMAN PRESIDENT 2.00 X 0 0 0 74072 false false false 143067 1142758 1285825 STUDIO FEES AND DUES 323100 1256567 1256567 WORKSHOPS 900099 100789 100789 CONTRACTED SERVICES 900099 5604 5604 OTHER 900099 206 206 1363166 4235 4235 456413 345458 110955 110955 110955 155888 8285 147603 147603 2911784 1515004 110955 49430 49430 74072 51742 22330 658043 459668 198375 117619 82161 35458 88180 61597 26583 89186 89186 137241 101558 35683 52869 45468 7401 27686 26025 1661 14769 13427 1342 533221 501228 31993 184632 171154 13478 12904 12904 COMMON CHARGES 729607 685831 43776 AMORTIZATION OF DEBT COST 112074 105350 6724 COMPUTER EXPENSES 77566 72912 4654 SUPPLIES 53822 51258 2564 127871 51994 75877 3140792 2530803 609989 0 868554 655129 450000 37270 37944 10687157 5879584 5426299 4807573 132836 20762 578382 906525 7043341 6877933 230423 315935 61726 249402 4271781 5000000 143067 170823 178608 4877820 5743945 X 2165521 1133988 2165521 1133988 7043341 6877933 X -229008 -802525 X false false X 43465 359171 195689 662011 1285825 2546161 1371078 985745 1366488 1451172 1519054 6693537 1414543 1344916 1562177 2113183 2804879 9239698 9239698 331793 147911 171866 530806 460648 1643024 67149 51922 56326 175397 331793 147911 239015 582728 516974 1818421 78247 75183 153430 19770 8293 28063 1844353 1576303 1801192 2695911 3321853 11239612 0.82210 0.80890 0.16000 0.17000 X PART III, LINE 12 28,063 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X false 1306500 1306500 8477325 5422255 3055070 903332 457329 446003 4807573 DUE FROM CONDO 898450 SECURITY DEPOSITS 8075 906525 DEPOSITS PAYABLE 178608 178608 SCHEDULE D, PAGE 2, PART III, LINE 4 COLLECTIONS AND RELATION TO EXEMPT PURPOSE COLLECTIONS AND RELATION TO EXEMPT PURPOSE EFA HAS A COLLECTION OF PRINTS MAINTAINED AND USED TO ENHANCE THE HISTORY, UNDERSTANDING AND APPRECIATION OF THE FINE ART PRINT. true SIP GRANT 17000 PROJECT SPACE RES GRANT 1700 ROBERT BLACKBURN PRINT 30730 SCHEDULE I, PAGE 1, PART I, LINE 2 GRANTS ARE A SMALL PORTION OF THE MATERIALS AND TIME REQUIRED FROM EACH ARTIST TO COMPLETE THE PROJECT. STAFF MEMBERS MONITOR THE ACTIVE PARTICIPATION OF EACH ARTIST DURING THE GRANT PERIOD. LOAN TO OFFICER BOARD MEMBER GENERAL USE LOAN X 178131 249402 false true false 249402 BECKER EPSTEIN & GREEN BOARD MEMBER 89186 LEGAL SERVICES false FORM 990 - ORGANIZATION'S MISSION EFA IS DEDICATED TO PROVIDING ARTISTS ACCROSS ALL DISCIPLINES WITH SPACE, TOOLS AND A COOPERATIVE FORUM FOR THE DEVELOPMENT OF INDIVIDUAL PRACTICE. EFA IS A CATALYST FOR CULTURAL GROWTH, STIMULATING NEW INTERACTIONS BETWEEN ARTISTS, CREATIVE COMMUNITES AND THE PUBLIC. FORM 990, PAGE 2, PART III, LINE 4D STUDIO CENTER: PROVIDES ARTISTS WITH AFFORDABLE PROFESSIONAL ART STUDIOS IN NEW YORK AND PROFESSIOINAL CAREER DEVELOPMENT THROUGH VISITING PROFESSIONALS, SEMINARS, LECTURES, AND PUBLIC INTERERATION THROUGH OPEN STUDIOS. ROBERT BLACKBURN PAINTMAKING WORKSHOP: PROVIDES ARTISTS WITH AFFORDABLE PROFESSIOINAL PAINTMAKING STUDIO WORKSPACE, CLASSES, LECTURES, DEMONSTRATIONS AND EXHIBITION OPPORTUNITIES. PROJECT SPACE: PROVIDES ARTISTS AND CURATORS WITH PROFESSIONAL CAREER DEVELOPMENT THROUGH EXHIBITIONS, EVENTS, SEMINARS, RESIDENCIES AND PUBLIC INTERATION AND DISCUSSION. FORM 990, PAGE 6, PART VI, LINE 2 JANE STEPHENSON LAURA BUCKLES BOARD MEMBER BOARD MEMBER FAMILY FORM 990, PAGE 6, PART VI, LINE 11B THE 990 IS REVIEWED IN DETAIL AND THEN APPROVED BY THE EXECUTIVE DIRECTOR AND A COPY IS THEN PRESENTED TO THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 12C UNDER THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, ALL BOARD MEMBERS HAVE THE DUTY TO DISCLOSE ANY TRANSACTIONS INVOLVING ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST. ANNUALLY, ALL BOARD MEMBERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM TO IDENTIFY ANY POSSIBLE PERSONAL, FAMILY OR BUSINESS RELATIONSHIPS THAT COULD POTENTIALLY GIVE RISE TO AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST. IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY, AFTER DISCLOSURE OF ANY SIGNIFICANT PERSONAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTEREST PERSON, THE INTERESTED PERSON MAY BE EXCUSED FROM THE BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. IF AN INTEREST PERSON HAS DECLARED OR IS FOUND TO HAVE A SIGNIFICANT PERSONAL INTEREST THAT RISES TO THE LEVEL OF A CONFLICT OF INTEREST, THEN WITH RESPECT TO THE TRANSACTION AT ISSUE: 1. AN INTEREST PERSON MAY MAKE A PRESENTATION AT THE BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, THE INTEREST PERSON MUST BE EXCUSED FROM THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE CONFLICT OF INTEREST. 2. THE CHAIRPERSON OF THE BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. 3. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN, WITH REASONABLE EFFORTS, A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. 4. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCINT A CONFLICT OF INTEREST, THE COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTEREST DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE BEST INTEREST OF THE ORGANIZATION, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION, IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO A TRANSACTION OR ARRANGEMENT. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD APPROVES THE EXECUTIVE DIRECTOR'S SALARY AFTER A REVIEW OF PERFORMANCE. FORM 990, PAGE 6, PART VI, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 2021 PRIOR PERIOD ADJUSTMENT -802,525