Visual Arts Foundation Inc

EIN: 136261474 501(c)(3) Arts, Culture & Humanities

New York, NY

Total Revenue
$516,311
Total Expenses
$320,996
Total Assets
$4,989,076
Net Assets
$4,987,868
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
NY
Principal Officer
Jeffrey Nesin
Phone
2125922227
Tax Period
2025-01-01 to 2025-12-31

Visual Arts Foundation Inc, founded in 1968, is a small nonprofit in the Arts, Culture & Humanities sector that reported $516K in total revenue in fiscal year 2025. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $195K, a strong 38% operating margin.

Mission

The mission is to advance the arts as both an individual vocation and social force. The Foundation supports emerging artists and broadens audiences for their work, fosters a climate that values and seeks understanding of the arts.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $243,300
Program Service Revenue $25,480
Investment Income $247,531
Other Revenue $0
TOTAL REVENUE $516,311

Expense Breakdown

Grants Paid $237,095
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $248,127
Other Expenses $83,901
TOTAL EXPENSES $320,996

Year-over-Year Comparison

2025 2024 Change
Revenue $516,311 $609,852 -0.2%
Expenses $320,996 $343,697 -0.1%
Net Income $195,315 $266,155 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
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
2
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Rhodes Director 1.00
Director
$0 $0 $0
Dee Ito Director 1.00
Director
$0 $0 $0
Paul Davis Director 1.00
Director
$0 $0 $0
Patti Greaney Director 1.00
Director
$0 $0 $0
Bashan Aquart Director 1.00
Director
$0 $0 $0
Jeffrey Nesin President 1.00
Officer Director
$0 $0 $0
Jacqueline Hoffner Treasurer 1.00
Officer 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 $516,311 $320,996 $4,989,076 $195,315
2024 No data No data No data No data
2023 $603,598 $375,522 $4,655,727 $228,076
2022 $569,531 $312,223 $4,236,571 $257,308
2021 $1,203,121 $310,028 $5,109,948 $893,093
2020 $656,350 $249,723 $4,156,294 $406,627
2019 $779,511 $233,735 $3,570,734 $545,776
2018 $224,375 $266,864 $2,935,216 $-42,489
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