Nonprofit · EIN 13-1978163
FOUNDATION FOR CONTEMPORARY ARTS INC
Tax-exempt · NEW YORK, NY 10014
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,337,330 | $3,136,109 | $1,201,221 | $55,356,112 | $1,226,324 | $54,129,788 |
| December 31, 2023 | 990 | $6,433,716 | $3,263,683 | $3,170,033 | $50,346,689 | $1,080,504 | $49,266,185 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,305,523
- of which government grants
- $98,095
- Program service revenue
- $0
- Investment income
- $2,031,261
- Net gain from sales of assets
- $1,009,983
- Other revenue
- $546
Expenses
- Grants and similar amounts paid
- $1,605,000
- Compensation of officers, directors and key employees
- $445,327
- Other salaries and wages
- $413,425
- Salaries, compensation and benefits (total)
- $983,651
- Professional fundraising fees
- $0
- Accounting fees
- $88,195
- Occupancy
- $2,695
- Travel
- $7,348
- Depreciation
- $16,307
- Program services (functional)
- $2,230,760
- Management and general (functional)
- $648,889
- Fundraising (functional)
- $256,460
Balance sheet and other
- Total assets, start of year
- $50,346,689
- Total assets, end of year
- $55,356,112
- Total liabilities, end of year
- $1,226,324
- Net assets, end of year
- $54,129,788
- Land, buildings and equipment
- $48,145
- Publicly traded securities
- $22,408,661
- Net assets without donor restrictions
- $41,753,273
- Net assets with donor restrictions
- $12,376,515
- Gross receipts
- $10,989,020
- Employees
- 12
- Volunteers
- 21
- Year formed
- 1963
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ELIZABETH K TAKEDA | EXECUTIVE DIRECTOR Officer | 40 | $244,276 | $25,752 |
| KATHLEEN FLYNN | DEPUTY DIRECTOR Officer | 40 | $156,456 | $18,843 |
| CECILY BROWN | CO-CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JULIAN LETHBRIDGE | CO-CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| ANTHONY B CREAMER III | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| EMILY WEI RALES | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| ANNE COLLIER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JENNIE C JONES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD MAXWELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEAN MOSS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| OKWUI OKPOKWASILI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATANA ROBERTS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES WELLING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN YAU | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KAY TAKEDA | EXECUTIVE DIRECTOR Officer | 40 | $244,640 | $24,683 |
| KATHLEEN FLYNN | DEPUTY DIRECTOR Officer | 40 | $150,551 | $18,001 |
| ANASTACIA BLOCH | COLLECTIONS AND OPS. MANAGER Highest-paid employee | 40 | $100,029 | $13,848 |
| MATANA ROBERTS | DIRECTOR Trustee or director | 1 | $3,500 | $0 |
| CECILY BROWN | CO-CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JULIAN LETHBRIDGE | CO-CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| ANTHONY B CREAMER III | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| EMILY WEI RALES | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| ANNE COLLIER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JASPER JOHNS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JENNIE C JONES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEAN MOSS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES WELLING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN YAU | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 820 GREENWICH ST FL 4, NEW YORK, NY 10014-5137
- Principal officer (990 for 2024)
- KAY TAKEDA, 820 GREENWICH STREET 4TH FLOOR, NEW YORK, NY 10014
- Signed the 990
- KAY TAKEDA, EXECUTIVE DIRECTOR
- Phone
- (212) 807-7077
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
Mission
TO ENCOURAGE, SPONSOR, AND PROMOTE INNOVATIVE WORK IN THE ARTS CREATED AND PRESENTED BY INDIVIDUALS, GROUPS, AND ORGANIZATIONS.
Program accomplishments
- GRANTS TO ARTISTS: UNRESTRICTED, $45,000 CASH AWARDS INTENDED TO PROVIDE RECIPIENTS WITH THE FINANCIAL MEANS TO ENGAGE IN WHATEVER ARTISTIC ENDEAVORS THEY WISH TO PURSUE. RECIPIENTS ARE CHOSEN ANNUALLY THROUGH A CONFIDENTIAL PEER NOMINATION PROCESS, STAFF RESEARCH, AND SELECTION BY A COMMITTEE COMPRISING FCA'S BOARD AND GUEST EXPERTS. IN 2024, 23 GRANTS WERE MADE TO INDIVIDUAL ARTISTS. 11 OF THESE AWARDS ARE NAMED AFTER AND IN MEMORY OF ARTISTS: JOHN CAGE, MERCE CUNNINGHAM, VIOLA FARBER, HELEN FRANKENTHALER, ROY LICHTENSTEIN, ALVIN LUCIER, RICHARD POUSETTE-DART, ROBERT RAUSCHENBERG, DOROTHEA TANNING, CY TWOMBLY, AND C.D. WRIGHT. THE CAGE AND CUNNINGHAM AWARDS ARE MADE IN ALTERNATING YEARS.Expenses $1,297,951 · grants $1,035,000
- EMERGENCY GRANTS: GRANTS OF $500-$3,000, AWARDED ON A ROLLING BASIS TO ARTISTS AND COLLECTIVES WHO INCUR UNEXPECTED EXPENSES RELATED TO THE PUBLIC PRESENTATION OF THEIR WORK OR RECEIVE SUDDEN OPPORTUNITIES TO PRESENT THEIR WORK PUBLICLY. APPLICATIONS ARE RECEIVED ON A ROLLING BASIS THROUGH AN OPEN APPLICATION PROCESS. STAFF REVIEW APPLICATIONS FOR ELIGIBILITY, AND EACH MONTH AN ARTIST PANEL REVIEWS THEM AND DETERMINES GRANT RECIPIENTS. IN 2024, FCA MADE 231 EMERGENCY GRANTS TOTALING $465,000.Expenses $707,328 · grants $465,000
- WARREN PRINDLE VISUAL ARTS SCHOLARSHIP (CVAS): FCA ADMINISTERS AN ANNUAL SCHOLARSHIP PROGRAM FOR COLLEGE-BOUND SENIORS FROM THE HOUSATONIC VALLEY REGIONAL HIGH SCHOOL FOR UNDERGRADUATE STUDY IN THE FINE ARTS, WITH FUNDS CONTRIBUTED BY A CONNECTICUT FOUNDATION. SELECTION IS MADE BY A PANEL OF VISUAL ARTISTS BASED ON MERIT AND FINANCIAL NEED. SINCE 2023, EACH NEW SCHOLARSHIP RECIPIENT RECEIVES $80,000 OVER FOUR YEARS ($10,000 PER SEMESTER). $60,000 WAS DISTRIBUTED TO THREE STUDENTS IN 2024. FORMERLY THE CONTEMPORARY VISUAL ART SCHOLARSHIP, THE AWARD WAS NAMED AFTER HVRHS ART TEACHER WARREN PRINDLE UPON HIS RETIREMENT.Expenses $67,746 · grants $60,000
- THE ELLSWORTH KELLY AWARD: THIS ENDOWED AWARD WAS ESTABLISHED WITH A GIFT FROM THE ELLSWORTH KELLY FOUNDATION IN HONOR OF THE ARTIST. THE GRANT IS MADE ANNUALLY TO CREATE A SOLO EXHIBITION OPPORTUNITY FOR A CONTEMPORARY VISUAL ARTIST AT A U.S. ART MUSEUM OR UNIVERSITY OR COLLEGE ART GALLERY. FCA IDENTIFIES AND INVITES APPLICATIONS FROM SUCH INSTITUTIONS ANNUALLY. THE FOUNDATION'S BOARD REVIEWS APPLICATIONS AND SELECTS THE RECIPIENT. THE 2024 AWARD WAS $45,000.Expenses $62,167 · grants $45,000
- CREATIVE RESEARCH GRANTS ADMINISTRATION:CREATIVE RESEARCH GRANTS OF $10,000 ARE AWARDED BY FCA TO SUPPORT CRITICAL EXPLORATORY PHASES OF THE ARTISTIC PROCESS. LAUNCHED IN 2024, THE PROGRAM IS MADE POSSIBLE BY A GENEROUS BEQUEST FROM THE ESTATE OF MARGO LEAVIN. FCA INVITES PRIOR RECIPIENTS OF EMERGENCY GRANTS TO APPLY FOR ACTIVITIES THAT WOULD INFORM AND ENHANCE THEIR ARTISTIC PRACTICE OVER AN 18-MONTH PERIOD. APPLICATIONS ARE REVIEWED BY STAFF FOR ELIGIBILITY AND SUBSEQUENTLY REVIEWED BY AN ARTIST PANEL IN TWO PHASES TO SELECT THE RECIPIENTS. RECIPIENTS SIGN A GRANT AGREEMENT AND ARE ASKED TO SUBMIT A FINAL REPORT UPON THE CONCLUSION OF FUNDED ACTIVITIES, DESCRIBING HOW THEY USED THEIR GRANT AND ITS IMPACT. THE RESULTING $300,000 IN CREATIVE RESEARCH GRANTS WERE AWARDED IN JANUARY 2025 AND DO NOT APPEAR IN THE GRANT TOTAL.Expenses $95,568
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-1978163
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A60J)
- Assets (IRS master file)
- $55,356,112
- Income (IRS master file)
- $10,989,020
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,337,330 | $3,136,109 | $55,356,112 | XML |
| 990 | December 2023 | $6,433,716 | $3,263,683 | $50,346,689 | XML |
| 990 | December 2022 | $8,053,660 | $2,791,665 | $41,728,764 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-1978163).
Questions about FOUNDATION FOR CONTEMPORARY ARTS INC
- What is the EIN of FOUNDATION FOR CONTEMPORARY ARTS INC?
- The employer identification number (EIN) of FOUNDATION FOR CONTEMPORARY ARTS INC is 13-1978163.
- Is FOUNDATION FOR CONTEMPORARY ARTS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to FOUNDATION FOR CONTEMPORARY ARTS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOUNDATION FOR CONTEMPORARY ARTS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FOUNDATION FOR CONTEMPORARY ARTS INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FOUNDATION FOR CONTEMPORARY ARTS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FOUNDATION FOR CONTEMPORARY ARTS INC?
- The 990 for the year ended December 31, 2024 names KAY TAKEDA.
- Who are the officers and directors of FOUNDATION FOR CONTEMPORARY ARTS INC?
- The 990 for the year ended December 31, 2024 lists 14 people; 2 received compensation from the organization, the highest $244,276 (ELIZABETH K TAKEDA, EXECUTIVE DIRECTOR).
- How much revenue does FOUNDATION FOR CONTEMPORARY ARTS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,337,330, expenses of $3,136,109 and total assets of $55,356,112 at year end.
Other nonprofits in NEW YORK
- THE METROPOLITAN MUSEUM OF ART EIN 13-1624086 · last filed 990 for 2025
- MUSEUM OF MODERN ART EIN 13-1624100 · last filed 990 for 2025
- METROPOLITAN OPERA ASSOCIATION INC EIN 13-1624087 · last filed 990 for 2025
- AMERICAN MUSEUM OF NATURAL HISTORY EIN 13-6162659 · last filed 990 for 2025
- LINCOLN CENTER FOR THE PERFORMING ARTS INC EIN 13-1847137 · last filed 990 for 2025
- WHITNEY MUSEUM OF AMERICAN ART EIN 13-1789318 · last filed 990 for 2025
- SESAME WORKSHOP EIN 13-2655731 · last filed 990 for 2025
- ROYAL NATIONAL THEATRE EIN 38-3866410 · last filed 990 for 2025
All nonprofits in NEW YORK · New York · Arts, culture and humanities