Arts, Culture, Humanities : Performing Arts (Grantmaking/Grants Payable)

Foundation for Contemporary Arts

Artists for artists

three stars

88.93

820 Greenwich Street New York, NY 10014
tel: (212) 807-7077   Web Site
EIN: 13-1978163

Board Leadership
Cecily Brown & Julian Lethbridge
Co-Chairs

CEO
Stacy Tenenbaum Stark
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 88.93 three stars
  Financial 88.87 three stars
  Accountability & Transparency 89.00 three stars
This rating was published 05/01/2020 and includes data from FY2018, the most recent 990 received at that time.

Since its inception in 1963, the mission of the Foundation for Contemporary Arts has been to encourage, sponsor, and promote innovative work in the arts created and presented by individuals, groups, and organizations. Its legacy continues today with unrestricted, by-nomination grants supporting pioneering work across the fields of dance, music/sound, performance art/theater, poetry, and the visual arts. A fund is also maintained to assist artists with emergencies and unexpected opportunities related to their work. To date, over 900 artists have made these grants possible by contributing paintings, sculptures, drawings, prints, and photographs to fourteen fund-raising exhibitions held over the years.

Since its inception in 1963, the mission of the Foundation for Contemporary Arts has been to encourage, sponsor, and promote innovative work in the arts created and presented by individuals, groups, and organizations. Its legacy continues today with unrestricted, by-nomination grants supporting pioneering work across the fields of dance, music/sound, performance art/theater, poetry, and the visual arts. A fund is also maintained to assist artists with emergencies and unexpected opportunities related to their work. To date, over 900 artists have made these grants possible by contributing paintings, sculptures, drawings, prints, and photographs to fourteen fund-raising exhibitions held over the years.

Impact Information

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Financial

three stars

88.87

Accountability & Transparency

three stars

89.00

This rating was published 05/01/2020 and includes data from FY2018, 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)
70.5%
  Administrative Expenses 19.9%
  Fundraising Expenses 9.4%
  Fundraising Efficiency $0.06
  Working Capital Ratio (years) 13.51
  Program Expenses Growth 5.0%
  Liabilities to Assets 2.4%
All data for Financial Performance Metrics calculations was provided by Foundation for Contemporary Arts on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Foundation for Contemporary Arts on recent 990s filed with the IRS.
REVENUE  
Contributions  
   Contributions, Gifts & Grants $2,678,152
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $43,775
Total Contributions $2,721,927
   Program Service Revenue $0
Total Primary Revenue $2,721,927
   Other Revenue $669,882
TOTAL REVENUE $3,391,809
   
EXPENSES  
   Program Expenses $1,301,171
   Administrative Expenses $383,154
   Fundraising Expenses $205,417
TOTAL FUNCTIONAL EXPENSES $1,889,742
   
Payments to Affiliates $0
Excess (or Deficit) for the year $1,502,067
   
Net Assets $29,864,700

Charts

Compensation % of Expenses Paid to Title
$193,442 10.23% Stacy Tenenbaum Stark Executive Director

Mission

Since its inception in 1963, the mission of the Foundation for Contemporary Arts has been to encourage, sponsor, and promote innovative work in the arts created and presented by individuals, groups, and organizations. Its legacy continues today with unrestricted, by-nomination grants supporting pioneering work across the fields of dance, music/sound, performance art/theater, poetry, and the visual arts. A fund is also maintained to assist artists with emergencies and unexpected opportunities related to their work. To date, over 900 artists have made these grants possible by contributing paintings, sculptures, drawings, prints, and photographs to fourteen fund-raising exhibitions held over the years.

Highly Rated

Charity Name & State Overall Score Overall Rating
Foundation for Contemporary Arts (NY) 88.93 three stars
Intersection for the Arts (CA) 94.54 four stars
Russian Arts Foundation (VT) 95.05 four stars
Seattle Arts and Lectures (WA) 90.07 four stars
SAG-AFTRA Foundation (CA) 91.53 four stars

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Charity Contact Info

Foundation for Contemporary Arts
820 Greenwich Street
New York, NY 10014
tel: (212) 807-7077
fax: (212) 807-7177
EIN: 13-1978163

Visit Web Site

Board Leadership

Cecily Brown & Julian Lethbridge
Co-Chairs

CEO

Stacy Tenenbaum Stark
Executive Director