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Nonprofit · EIN 81-3966353

THE HILL ART FOUNDATION

Tax-exempt · NEW YORK, NY 10038

Financials

$1.5M$2.4M2023$1.8M$2.7M2024
Revenue Expenses · by fiscal year end
Financials of THE HILL ART FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$1,750,009$2,677,524-$927,515$32,189,704$27,746$32,161,958
December 31, 2023990-PF$1,467,133$2,390,730-$923,597$33,095,780$6,307$33,089,473
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,750,000
Dividends
$9

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$411,249
Disbursements for charitable purposes
$1,802,246

Balance sheet and other

Total assets, start of year
$33,095,780
Total assets, end of year
$32,189,704
Total liabilities, end of year
$27,746
Net assets, end of year
$32,161,958
Fair market value of assets
$27,784,681
Qualifying distributions
$1,802,246
Net investment income
$9

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.

NameTitleHours / weekCompensationOther / benefits
SARAH NEEDHAM
239 10TH AVENUE, NEW YORK, NY 10001
EXECUTIVE DIRECTOR
Highest-paid employee
40$197,977$22,500
OLIVIA FOUNTAIN
239 10TH AVENUE, NEW YORK, NY 10001
ASSOCIATE
Highest-paid employee
40$77,385$0
CARLA REPICE
239 10TH AVENUE, NEW YORK, NY 10001
ASSOCIATE
Highest-paid employee
40$66,000$0
J TOMILSON HILL
C/O SAMMET 15 MAIDEN LANE STE 500, NEW YORK, NY 10038
PRESIDENT, TREASURER & DIR1$0$0
JANINE W HILL
C/O SAMMET 15 MAIDEN LANE STE 500, NEW YORK, NY 10038
SECRETARY & DIRECTOR1$0$0
MARGOT HILL
C/O SAMMET 15 MAIDEN LANE STE 500, NEW YORK, NY 10038
DIRECTOR1$0$0
ASTRID HILL
C/O SAMMET 15 MAIDEN LANE STE 500, NEW YORK, NY 10038
DIRECTOR1$0$0
990-PF for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensationOther / benefits
SARAH NEEDHAM
239 10TH AVENUE, NEW YORK, NY 10001
EXECUTIVE DIRECTOR
Highest-paid employee
40$183,811$21,100
OLIVIA FOUNTAIN
239 10TH AVENUE, NEW YORK, NY 10001
ASSOCIATE
Highest-paid employee
40$76,645$0
J TOMILSON HILL
C/O SAMMET 15 MAIDEN LANE STE 500, NEW YORK, NY 10038
PRESIDENT, TREASURER & DIR1$0$0
JANINE W HILL
C/O SAMMET 15 MAIDEN LANE STE 500, NEW YORK, NY 10038
SECRETARY & DIRECTOR1$0$0
MARGOT HILL
C/O SAMMET 15 MAIDEN LANE STE 500, NEW YORK, NY 10038
DIRECTOR1$0$0
ASTRID HILL
C/O SAMMET 15 MAIDEN LANE STE 500, NEW YORK, NY 10038
DIRECTOR1$0$0

Address and contacts

Address (IRS master file)
CO SAMMET 15 MAIDEN LANE STE 500, NEW YORK, NY 10038-0000
In care of
% CBIZ
Signed the 990-PF
J TOMILSON HILL III, PRESIDENT
Phone
(212) 790-5700
Return prepared by
JOEL E SAMMET & CO 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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
81-3966353
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
2020
Accounting year ends
December
Files
Form 990-PF
Category (NTEE)
Human services (P99)
Assets (IRS master file)
$32,189,704
Income (IRS master file)
$1,750,009

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$1,750,009$2,677,524$32,189,704IRS
990-PFDecember 2023$1,467,133$2,390,730$33,095,780XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFJuly 2020–––IRS
990-PFJuly 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 81-3966353).

Questions about THE HILL ART FOUNDATION

What is the EIN of THE HILL ART FOUNDATION?
The employer identification number (EIN) of THE HILL ART FOUNDATION is 81-3966353.
Is THE HILL ART FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
Are donations to THE HILL ART FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does THE HILL ART FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of THE HILL 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 THE HILL 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 THE HILL ART FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 7 people; 3 received compensation from the organization, the highest $197,977 (SARAH NEEDHAM, EXECUTIVE DIRECTOR).
How much revenue does THE HILL ART FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,750,009, expenses of $2,677,524 and total assets of $32,189,704 at year end.

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