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New YORK Foundation for the Arts INC

Public charity
DBA: % MICHAEL ROYCE
Other · NEW YORK, NY · EIN 23-7129564

About

The new YORK foundation for the arts' (NYFA) mission is to empower artists at critical stages in their creative lives. NYFA accomplishes this by offering financial assistance and information to artists and organizations that directly serve artists, by supporting arts programming in the community, and by building collaborative relationships with others who advocate for the arts in new YORK state and throughout the country. Each year NYFA awards $1 million plus to individual artists through its fellowship and other granting programs. NYFA's learning programs serve thousands of artists through workshops, panel discussions, and individual mentoring on topics ranging from grant writing and budgeting to creating an artist portfolio and audience development. The fiscal sponsorship program is one of the largest and most established in the country and helps artists and emerging arts organizations raise and manage over $3 million annually.

In care of Michael Royce

Donations are tax-deductible
Category
Other
Employees
31
Volunteers
28

Financial Snapshot

FY ending 2023-06-30
Revenue
$15.1M
Expenses
$15.6M
Assets
$14.7M
Liabilities
$6.9M

Financial history

$30.6M$15.3M$0
1617181920212223
RevenueExpenses
Latest FY2023: $15.1M · Peak FY2022: $30.6M · Avg: $13.0M

Political & Grant Activity

Campaign Spending
Lobbying
Grants Given
$5.8M
NEW YORK FOUNDATION FOR THE ARTS INC
Your actions

Address

29 W 38TH Street 9TH Floor
New YORK, NY, 10018-556

Governance

Voting board members23
Independent members23
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardNo

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Permanent endowment %62.7%
Endowment held by related orgNo
Public records
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