THE HOUSE FOUNDATION FOR THE ARTS INC

EIN: 132869113 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$736,591
Total Expenses
$941,897
Total Assets
$641,932
Net Assets
$521,587
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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
NY
Principal Officer
SEVERN TAYLOR
Phone
2129041330
Tax Period
2024-07-01 to 2025-06-30

THE HOUSE FOUNDATION FOR THE ARTS INC, founded in 1968, is a small nonprofit in the Arts, Culture & Humanities sector that reported $737K in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $942K exceeded revenue, resulting in a 28% operating deficit.

Mission

FOUNDED IN 1971, THE HOUSE FOUNDATION FOR THE ARTS, INC. (THE HOUSE) IS A NONPROFIT PERFORMING ARTS AND CULTURE ORGANIZATION WITH A MISSION TO PROMOTE, DISSEMINATE AND CELEBRATE THE WORK OF THE ICONIC AMERICAN ARTIST MEREDITH MONK. FOR THE PAST 46 YEARS, THE HOUSE HAS SERVED AS A VEHICLE TO SHARE MONKS WORK WITH THE WORLD. THE HOUSE PROVIDES DEVELOPMENT, MANAGEMENT, PRODUCTION AND ADMINISTRATIVE SERVICES FOR MONK AND MEREDITH MONK & VOCAL ENSEMBLE. THE HOUSES CORE PROGRAMMING INCLUDES LIVE PERFORMANCES, FILM SCREENINGS, ARTIST TALKS, EDUCATIONAL PROGRAMS FOR YOUNG PEOPLE AND WORKSHOPS FOR PROFESSIONAL ARTISTS. THE HOUSE IS COMMITTED TO BUILDING A LEGACY FOR MONK AND TO SHARING HER PROLIFIC BODY OF WORK WITH FUTURE GENERATIONS OF ARTISTS, SCHOLARS AND THE PUBLIC.

Program Service Accomplishments

Program 1
Expenses: $786,740 Revenue: $315,704

In fiscal year 2025, The House Foundation for the Arts, Inc. celebrated Merediths 60th Performance Season and her artistic legacy NYC. Programmatic accomplishments include a sold-out, 10-performance...

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In fiscal year 2025, The House Foundation for the Arts, Inc. celebrated Merediths 60th Performance Season and her artistic legacy NYC. Programmatic accomplishments include a sold-out, 10-performance run of Indras Net at the Park Avenue Armory. Performances of Meredith Monk with Katie Geissinger and Allison Sniffin in Concert were done in Houston, Texas and Claremont, CA. Performances of Duet Behavior with Meredith Monk and John Hollenbeck were done at Mass MoCA in North Adams, Massachusetts, and in Lisbon, Porto and Budapest. Meredith was Artist in Residence at the Kaufman School of Music and Juilliard. In addition, The House Foundation offered a fall online workshop series and a Summer 2024/Spring 2025 in-person workshop Series led by current and past members of Meredith Monk & Vocal Ensemble to interested participants around the world.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $355,813
Program Service Revenue $315,704
Investment Income $10,442
Other Revenue $54,632
TOTAL REVENUE $736,591

Expense Breakdown

Grants Paid $0
Salaries & Benefits $571,158
Fundraising Expenses $52,539
Program Expenses $786,740
Other Expenses $370,739
TOTAL EXPENSES $941,897

Year-over-Year Comparison

2024 2023 Change
Revenue $736,591 $1,122,586 -0.3%
Expenses $941,897 $863,570 +0.1%
Net Income $-205,306 $259,016 -1.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
9
Employees
20
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$204,994
Total Directors
11
$93,365
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SARAH LERNER EXECUTIVE DIRECTOR 40.00
Officer
$102,300 $9,329 $111,629
MEREDITH MONK ARTISTIC DIRECTOR 40.00
Officer Director
$88,000 $5,365 $93,365
SEVERN TAYLOR PRESIDENT 3.00
Officer Director
$0 $0 $0
SWATI DESAI TREASURER 3.00
Officer Director
$0 $0 $0
KERI CHRIST SECRETARY 3.00
Officer Director
$0 $0 $0
SEBASTIAAN BREMER BOARD MEMBER 1.00
Director
$0 $0 $0
ZIZI MUELLER BOARD MEMBER 1.00
Director
$0 $0 $0
MARK MCNEILL BOARD MEMBER 1.00
Director
$0 $0 $0
CORINNA DURLAND BOARD MEMBER 1.00
Director
$0 $0 $0
MELANIE CHARLES BOARD MEMBER 1.00
Director
$0 $0 $0
TAJA CHEECK BOARD MMEBER 1.00
Director
$0 $0 $0
CHIEN YUEN BOARD MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $736,591 $941,897 $641,932 $-205,306
2024 $1,122,586 $863,570 $854,473 $259,016
2023 $804,592 $919,504 $658,205 $-114,912
2022 $1,012,293 $861,523 $629,706 $150,770
2021 $738,942 $569,202 $537,501 $169,740
2020 $834,157 $692,442 $342,233 $141,715
2019 $646,205 $704,878 $187,787 $-58,673
2018 $937,672 $827,983 $220,852 $109,689
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