Arts, Culture, Humanities : Performing Arts

Magnum Cultural Foundation

Expanding creativity and diversity in visual storytelling

three stars

87.36

59 East Fourth Street, 7W New York, NY 10003
tel: (212) 219-1248   Web Site
EIN: 45-0573269

Board Leadership
Susan Meiselas
President

CEO
Kristen Lubben
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 87.36 three stars
  Financial 90.28 four stars
  Accountability & Transparency 85.00 three stars
This rating was published 05/01/2020 and includes data from FY2018, the most recent 990 received at that time.

Magnum Foundation was established by the photographers of Magnum Photos in 2007. Amidst the collapse of a media system that had traditionally supported documentary photography, Magnum Foundation was conceived to empower independent, long-form visual storytelling on social issues. Through production funds and project development assistance, we support both emerging and recognized artists at various stages of their processes. We work with an international committee of nominators to ensure we are inviting proposals from people whose authorship is underrepresented within the field of documentary photography.

Magnum Foundation was established by the photographers of Magnum Photos in 2007. Amidst the collapse of a media system that had traditionally supported documentary photography, Magnum Foundation was conceived to empower independent, long-form visual storytelling on social issues. Through production funds and project development assistance, we support both emerging and recognized artists at various stages of their processes. We work with an international committee of nominators to ensure we are inviting proposals from people whose authorship is underrepresented within the field of documentary photography.

Impact Information

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Financial

four stars

90.28

Accountability & Transparency

three stars

85.00

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)
73.5%
  Administrative Expenses 19.0%
  Fundraising Expenses 7.4%
  Fundraising Efficiency $0.07
  Working Capital Ratio (years) 1.50
  Program Expenses Growth 3.1%
  Liabilities to Assets 3.3%
All data for Financial Performance Metrics calculations was provided by Magnum Cultural Foundation on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Magnum Cultural Foundation on recent 990s filed with the IRS.
REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,122,533
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $1,122,533
   Program Service Revenue $46,701
Total Primary Revenue $1,169,234
   Other Revenue $474
TOTAL REVENUE $1,169,708
   
EXPENSES  
   Program Expenses $986,459
   Administrative Expenses $242,316
   Fundraising Expenses $80,668
TOTAL FUNCTIONAL EXPENSES $1,309,443
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-139,735
   
Net Assets $1,771,979

Charts

Compensation % of Expenses Paid to Title
$125,000 9.54% Kristen Lubben Executive Director

Mission

Magnum Foundation was established by the photographers of Magnum Photos in 2007. Amidst the collapse of a media system that had traditionally supported documentary photography, Magnum Foundation was conceived to empower independent, long-form visual storytelling on social issues. Through production funds and project development assistance, we support both emerging and recognized artists at various stages of their processes. We work with an international committee of nominators to ensure we are inviting proposals from people whose authorship is underrepresented within the field of documentary photography.

Highly Rated

Charity Name & State Overall Score Overall Rating
Magnum Cultural Foundation (NY) 87.36 three stars
OPERA America (NY) 93.62 four stars
Seattle Arts and Lectures (WA) 90.07 four stars
Alliance of Resident Theatres/New York (NY) 94.59 four stars
Lower Manhattan Cultural Council (NY) 91.39 four stars

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Charity Contact Info

Magnum Cultural Foundation
59 East Fourth Street, 7W
New York, NY 10003
tel: (212) 219-1248
EIN: 45-0573269

Visit Web Site

Board Leadership

Susan Meiselas
President

CEO

Kristen Lubben
Executive Director