BYRD HOFFMAN WATER MILL FOUNDATION

EIN: 134144013 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$7,095,953
Total Expenses
$4,006,082
Total Assets
$43,678,723
Net Assets
$40,335,584
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
NY
Principal Officer
Elise Herget
Phone
2122537484
Tax Period
2023-01-01 to 2023-12-31

BYRD HOFFMAN WATER MILL FOUNDATION, founded in 1970, is a community nonprofit in the Arts, Culture & Humanities sector that reported $7.1M in total revenue in fiscal year 2023. Revenue surged 216% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.1M, a strong 44% operating margin.

Mission

BYRD HOFFMAN WATER MILL FOUNDATION A/K/A THE WATERMILL CENTER (FOUNDATION), INCORPORATED IN 1970, WAS FOUNDED FOR THE DEVELOPMENT OF EMERGING ARTISTS AND THE PROMOTION OF INNOVATIVE PERFORMING AND VISUAL ARTS, AS WELL AS TO COLLECT, PRESERVE, AND EXHIBIT VARIOUS ARTWORKS. THE FOUNDATION OPERATES THE WATERMILL CENTER (CENTER),WHICH WAS FOUNDED IN 1992 BY ROBERT WILSON ON EASTERN LONG ISLAND, NEW YORK. THE CENTER PROVIDES A PLACE FOR STUDY AND PARTICIPATION IN THE ARTISTIC AND THEATRICAL ENDEAVORS.

Program Service Accomplishments

Program 1
Expenses: $1,257,703

RESIDENCY PROGRAM - THIS PROGRAM IS OPEN FOR ARTISTS FROM ALLARTISTIC BACKGROUNDS AS WELL AS SOCIAL SCIENTISTS, ALUMNI OF THECENTER'S SUMMER, AND FORMER ARTISTS-IN-RESIDENCE WITH A SPECIALFOCUS ON...

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RESIDENCY PROGRAM - THIS PROGRAM IS OPEN FOR ARTISTS FROM ALLARTISTIC BACKGROUNDS AS WELL AS SOCIAL SCIENTISTS, ALUMNI OF THECENTER'S SUMMER, AND FORMER ARTISTS-IN-RESIDENCE WITH A SPECIALFOCUS ON EMERGING ARTISTS AND CROSS-DISCIPLINARYAPPROACHES. THEPROJECTS ARE EVALUATED AND SELECTED BY A PRESTIGIOUS COMMITTEECONSISTING OF PEOPLE FROM DIVERSE ARTISTIC, HUMANITIES AND SCIENCEBACKGROUNDS

Program 2
Expenses: $647,613

ARTISTIC RESOURCES - THE LIBRARY OF INSPIRATION IS A PROGRAM THAT BRINGS TOGETHER THE FOUNDATIONS ARCHIVES, LIBRARY RESOURCES AND INFORMATION ABOUT THE WATERMILL ART COLLECTION AS WELL AS DIGITAL...

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ARTISTIC RESOURCES - THE LIBRARY OF INSPIRATION IS A PROGRAM THAT BRINGS TOGETHER THE FOUNDATIONS ARCHIVES, LIBRARY RESOURCES AND INFORMATION ABOUT THE WATERMILL ART COLLECTION AS WELL AS DIGITAL MATERIALS AS A RESOURCE FOR ARTISTS AND SCHOLARS INTO ONE COMPLETE USER FRIENDLY DATABASE. THE PRIMARY PURPOSE OF THE ARCHIVE IS TO DOCUMENT THE WORK OF ROBERT WILSON, AS WELL AS THAT OF HIS COLLABORATORS AND CONTEMPORARIES. THE ARCHIVE COLLECTS, ORGANIZES, PRESERVES, DESCRIBES AND PROVIDES ACCESS TO ALL FORMATS OF DOCUMENTARY MATERIALS. IN ADDITION, THE ARCHIVE PRESERVES AND DOCUMENTS THE WORK OF THE FOUNDATION.

Program 3
Expenses: $572,380

INTERNATIONAL SUMMER PROGRAM - INTERNATIONAL SUMMER PROGRAM CONSISTS OF DAILY WORKSHOPS WITH ROBERT WILSON AND HIS COLLABORATORS THAT FOCUS ON NEW PROJECTS IN DEVELOPMENT FOR THEATER AND OPERA...

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INTERNATIONAL SUMMER PROGRAM - INTERNATIONAL SUMMER PROGRAM CONSISTS OF DAILY WORKSHOPS WITH ROBERT WILSON AND HIS COLLABORATORS THAT FOCUS ON NEW PROJECTS IN DEVELOPMENT FOR THEATER AND OPERA, INSTALLATION AND EXHIBITION DESIGN, FURNITURE AND FASHION DESIGN, FILM AND VIDEO, LANDSCAPING, AND ARCHITECTURE. THE PARTICIPATING ARTISTS PROVIDED SITE-SPECIFIC INSTALLATIONS AND PERFORMANCES FOR A LARGE OPEN HOUSE, WHICH WAS FREE TO THE PUBLIC. ADDITIONALLY, GUEST LECTURERS SPOKE TO THE ARTISTS AND LOCAL COMMUNITY ON A VARIETY OF SUBJECTS REGARDING SCIENCE AND ARTDURING THE SUMMER LECTURE SERIES SERIES.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $7,158,582
Program Service Revenue $8,549
Investment Income $102,119
Other Revenue $-173,297
TOTAL REVENUE $7,095,953

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,431,102
Fundraising Expenses $330,875
Program Expenses $3,286,274
Other Expenses $2,574,980
TOTAL EXPENSES $4,006,082

Year-over-Year Comparison

2023 2022 Change
Revenue $7,095,953 $2,246,881 +2.2%
Expenses $4,006,082 $3,602,442 +0.1%
Net Income $3,089,871 $-1,355,561 -3.3%
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
6
Independent Members
6
Employees
18
Volunteers
76

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
2
$0
Total Directors
7
$161,762
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Robert Wilson Artistic Dir. 10.00
Director
$150,000 $11,762 $161,762
Elise Herget Managing Director 40.00
$150,000 $9,972 $159,972
Ronald Harrison Dir. of Finance 40.00
$113,996 $9,972 $123,968
Nicole Martorana Artist Prog. Dir. 40.00
$100,731 $9,972 $110,703
William Campbell Chairman 2.00
Officer Director
$0 $0 $0
Roger Ferris Secretary 3.00
Officer Director
$0 $0 $0
Karolina Blaberg Director 1.00
Director
$0 $0 $0
Lisa Ehrenkranz Director 1.00
Director
$0 $0 $0
Audrey Gruss Director 1.00
Director
$0 $0 $0
Helen Lee Warren Director 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
2024 No data No data No data No data
2023 $7,095,953 $4,006,082 $43,678,723 $3,089,871
2022 $2,246,881 $3,602,442 $39,480,558 $-1,355,561
2021 $2,440,404 $3,456,349 $41,943,050 $-1,015,945
2020 $5,020,059 $2,666,050 $42,978,791 $2,354,009
2019 $10,004,022 $4,343,294 $40,314,640 $5,660,728
2018 $8,836,220 $4,650,939 $35,649,983 $4,185,281
2018 $8,836,220 $4,650,939 $35,649,983 $4,185,281
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