Nonprofit · EIN 26-0273135
FLAG ART FOUNDATION
Tax-exempt · NEW YORK, NY 10065
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $2,384,064 | $2,235,441 | $148,623 | $24,614,859 | $140,697 | $24,474,162 |
| December 31, 2023 | 990-PF | $1,083,923 | $2,142,454 | -$1,058,531 | $24,629,003 | $303,464 | $24,325,539 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $475,551
- Interest
- $19,501
- Net gain from sales of assets
- $1,860,062
- Other income
- $28,950
Expenses
- Grants and similar amounts paid
- $208,027
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $437,056
- Disbursements for charitable purposes
- $2,058,628
- Excise tax on investment income
- $28,653
Balance sheet and other
- Total assets, start of year
- $24,629,003
- Total assets, end of year
- $24,614,859
- Total liabilities, end of year
- $140,697
- Net assets, end of year
- $24,474,162
- Fair market value of assets
- $29,584,119
- Qualifying distributions
- $2,058,628
- Net investment income
- $2,216,247
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JONATHAN RIDER C/O GLENN FUHRMAN 545 W 25TH ST 9FL, NEW YORK, NY 100015501 | DIRECTOR Highest-paid employee | 40 | $230,000 | $17,362 |
| CAROLINE CASSIDY C/O GLENN FUHRMAN 545 W 25TH ST 9FL, NEW YORK, NY 100015501 | DIRECTOR OF EXHIBITI Highest-paid employee | 40 | $125,000 | $17,362 |
| MADELINE DEFILIPPIS C/O GLENN FUHRMAN 545 W 25TH ST 9FL, NEW YORK, NY 100015501 | GALLERY MANAGER AND Highest-paid employee | 40 | $68,000 | $16,291 |
| GLENN FUHRMAN C/O GLENN FUHRMAN 545 W 25TH ST 9FL, NEW YORK, NY 100015501 | PRESIDENT/TREASURER | 5 | $0 | $0 |
| AMANDA FUHRMAN C/O GLENN FUHRMAN 545 W 25TH ST 9FL, NEW YORK, NY 100015501 | VICE PRESIDENT | 5 | $0 | $0 |
| RISA DANIELS C/O GLENN FUHRMAN 545 W 25TH ST 9FL, NEW YORK, NY 100015501 | SECRETARY | 1 | $0 | $0 |
| LAURA TWERSKY C/O GLENN FUHRMAN 545 W 25TH ST 9FL, NEW YORK, NY 100015501 | DIRECTOR | 1 | $0 | $0 |
990-PF for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JONATHAN RIDER C/O GLENN FUHRMAN 545 W 25TH ST 9FL, NEW YORK, NY 100015501 | DIRECTOR Highest-paid employee | 40 | $195,000 | $16,518 |
| CAROLINE CASSIDY C/O GLENN FUHRMAN 545 W 25TH ST 9FL, NEW YORK, NY 100015501 | EXHIBITIONS & PROGRA Highest-paid employee | 40 | $100,000 | $16,518 |
| GLENN FUHRMAN C/O GLENN FUHRMAN 545 W 25TH ST 9FL, NEW YORK, NY 100015501 | PRESIDENT/TREASURER | 5 | $0 | $0 |
| AMANDA FUHRMAN C/O GLENN FUHRMAN 545 W 25TH ST 9FL, NEW YORK, NY 100015501 | VICE PRESIDENT | 5 | $0 | $0 |
| RISA DANIELS C/O GLENN FUHRMAN 545 W 25TH ST 9FL, NEW YORK, NY 100015501 | SECRETARY (AS OF 09/28/23) | 1 | $0 | $0 |
| LAURA TWERSKY C/O GLENN FUHRMAN 545 W 25TH ST 9FL, NEW YORK, NY 100015501 | DIRECTOR | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 640 PARK AVENUE, NEW YORK, NY 10065-6126
- In care of
- % GLENN FUHRMAN
- Signed the 990-PF
- GLENN FUHRMAN, PRESIDENT/TREASURER
- Phone
- (212) 518-6682
- Return prepared by
- RSM US LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 26-0273135
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T23)
- Assets (IRS master file)
- $24,614,859
- Income (IRS master file)
- $3,598,517
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | – | – | – | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $1,083,923 | $2,142,454 | $24,629,003 | IRS |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about FLAG ART FOUNDATION
- What is the EIN of FLAG ART FOUNDATION?
- The employer identification number (EIN) of FLAG ART FOUNDATION is 26-0273135.
- Is FLAG ART FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to FLAG ART FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does FLAG ART FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of FLAG ART FOUNDATION 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 FLAG ART FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of FLAG ART FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 7 people; 3 received compensation from the organization, the highest $230,000 (JONATHAN RIDER, DIRECTOR).
- How much revenue does FLAG ART FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $2,384,064, expenses of $2,235,441 and total assets of $24,614,859 at year end.
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