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Arts, Culture, Humanities : Performing Arts

Princess Grace Foundation-USA

Identifying and assisting young talent in theater, dance, and film

three stars

87.04

150 East 58th Street 25th Floor
New York, NY 10155
tel: (212) 317-1470   Web Site
EIN: 23-2218331

Board Leadership
Hon. John F. Lehman
Chairman

CEO
Toby E. Boshak
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 87.04 three stars
  Financial 85.35 three stars
  Accountability & Transparency 89.00 three stars
This rating was published 04/01/2019 and includes data from FY2017, the most recent 990 received at that time.

The Princess Grace Foundation-USA is dedicated to identifying and assisting young talent in theater, dance, and film by awarding grants in the form of scholarships, apprenticeships, and fellowships. The foundation's trustees share Princess Grace's dedication to supporting the arts and they believe, as she did, that cultivation and training of emerging talent is essential to ensure sustained excellence in the arts. Each year, the foundation announces a select group of Princess Grace Awards for distinction in the areas of theater, dance, and film. Students are eligible for apprenticeships and fellowships; a playwriting fellowship is available through a residency at New Dramatists in New York City.

The Princess Grace Foundation-USA is dedicated to identifying and assisting young talent in theater, dance, and film by awarding grants in the form of scholarships, apprenticeships, and fellowships. The foundation's trustees share Princess Grace's dedication to supporting the arts and they believe, as she did, that cultivation and training of emerging talent is essential to ensure sustained excellence in the arts. Each year, the foundation announces a select group of Princess Grace Awards for distinction in the areas of theater, dance, and film. Students are eligible for apprenticeships and fellowships; a playwriting fellowship is available through a residency at New Dramatists in New York City.

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Financial

three stars

85.35

Accountability & Transparency

three stars

89.00

This rating was published 04/01/2019 and includes data from FY2017, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
73.8%
  Administrative Expenses 15.4%
  Fundraising Expenses 10.7%
  Fundraising Efficiency $0.18
  Working Capital Ratio (years) 6.89
  Program Expenses Growth 4.1%
  Liabilities to Assets 2.2%
All data for Financial Performance Metrics calculations was provided by Princess Grace Foundation-USA on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Princess Grace Foundation-USA on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Princess Grace Foundation-USA (NY) 87.04 three stars
HERE (NY) 93.91 four stars
Magnum Cultural Foundation (NY) 87.36 three stars
Young Concert Artists (NY) 86.61 three stars
Montalvo Arts Center (CA) 92.01 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $532,059
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $1,630,150
   Related Organizations $0
   Government Grants $0
Total Contributions $2,162,209
   Program Service Revenue $0
Total Primary Revenue $2,162,209
   Other Revenue $332,540
TOTAL REVENUE $2,494,749
   
EXPENSES  
   Program Expenses $1,713,234
   Administrative Expenses $404,659
   Fundraising Expenses $282,267
TOTAL FUNCTIONAL EXPENSES $2,400,160
   
Payments to Affiliates $0
Excess (or Deficit) for the year $94,589
   
Net Assets $19,297,490

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Scholarships $1,713,234 100.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2017-12 04/01/2019 87.04 three stars
2016-12 05/01/2018 85.67 three stars
2015-12 06/01/2017 89.11 three stars
2014-12 06/01/2016 83.51 three stars
 
CN 2.0
2014-12 02/01/2016 79.88 two stars
2013-12 08/01/2015 81.22 three stars
2012-12 06/01/2014 78.20 two stars
2011-12 07/01/2013 87.44 three stars
2010-12 04/01/2012 79.20 two stars
2009-12 09/20/2011 80.68 three stars
 
CN 1.0
2009-12 05/01/2011 71.72 two stars
2008-12 06/01/2010 82.99 three stars
2007-12 05/01/2009 77.71 two stars
2006-12 03/01/2008 84.15 three stars
2005-12 03/01/2007 76.41 two stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 23-2218331
Name in IRS Master File PRINCESS GRACE FOUNDATION
NTEE Code T90
NTEE Classification Named Trusts/Foundations N.E.C.
NTEE Type Philanthropy, Voluntarism and Grantmaking Foundations
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (561) Gifts or grants to individuals (other than scholarships)
(994) Described in section 170(b)1)(a)(vi) of the Code
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date July, 1983
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$173,273 7.21% Toby E. Boshak Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Princess Grace Foundation-USA (NY) 87.04 three stars
The Actors Fund (NY) 94.28 four stars
The NOCCA Institute (LA) 92.00 four stars
Headlands Center for the Arts (CA) 92.11 four stars
Chamber Music America (NY) 89.25 three stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Princess Grace Foundation-USA
150 East 58th Street
25th Floor
New York, NY 10155
tel: (212) 317-1470
fax: (212) 317-1473
EIN: 23-2218331

Visit Web Site

Board Leadership

Hon. John F. Lehman
Chairman

CEO

Toby E. Boshak
Executive Director

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