THE CORPORATION OF YADDO

EIN: 141343055 501(c)(3) Arts, Culture & Humanities

SARATOGA SPRINGS, NY

Total Revenue
$2,993,288
Total Expenses
$4,474,781
Total Assets
$54,288,238
Net Assets
$54,037,559
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1900
Legal Domicile
NY
Principal Officer
ELAINA RICHARDSON
Phone
5185840746
Tax Period
2024-01-01 to 2024-12-31

THE CORPORATION OF YADDO, founded in 1900, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.0M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $4.5M exceeded revenue, resulting in a 49% operating deficit.

Mission

YADDO MAKES IT POSSIBLE FOR UP TO 300 ARTISTS ANNUALLY TO PURSUE A RANGE OF CREATIVE ENDEAVORS ACROSS MULTIPLE DISCIPLINES BY PROVIDING TIME AND SPACE TO WORK IN A SUPPORTIVE SETTING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,541,530
Program Service Revenue $104,169
Investment Income $1,240,667
Other Revenue $106,922
TOTAL REVENUE $2,993,288

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,341,226
Fundraising Expenses $416,384
Program Expenses $3,039,435
Other Expenses $2,133,555
TOTAL EXPENSES $4,474,781

Year-over-Year Comparison

2024 2023 Change
Revenue $2,993,288 $3,190,547 -0.1%
Expenses $4,474,781 $4,830,308 -0.1%
Net Income $-1,481,493 $-1,639,761 -0.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
19
Employees
38
Volunteers
85

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
$542,555
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER KAYAFAS CO-CHAIR 2.00
Officer Director
$0 $0 $0
JANICE YK LEE CO-CHAIR 2.00
Officer Director
$0 $0 $0
ALEXI WORTH VICE CHAIR 2.00
Officer Director
$0 $0 $0
STACIE H ARPEY DIRECTOR 1.00
Director
$0 $0 $0
JAMIE CARO DIRECTOR 1.00
Director
$0 $0 $0
ANN CHEN DIRECTOR 1.00
Director
$0 $0 $0
BRIDGET M FAWCETT DIRECTOR 1.00
Director
$0 $0 $0
WILLIS GOLDSMITH DIRECTOR 1.00
Director
$0 $0 $0
JAMES HANNAHAM DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL JACOBS DIRECTOR 1.00
Director
$0 $0 $0
LAURA KARETZKY DIRECTOR 1.00
Director
$0 $0 $0
JOSEPH KECKLER DIRECTOR 1.00
Director
$0 $0 $0
MARK KING DIRECTOR 1.00
Director
$0 $0 $0
AMITAVA KUMAR DIRECTOR 1.00
Director
$0 $0 $0
ODILI DONALD ODITA DIRECTOR 1.00
Director
$0 $0 $0
TARIK O'REGAN DIRECTOR 1.00
Director
$0 $0 $0
KATHERINE ROSMAN DIRECTOR 1.00
Director
$0 $0 $0
ANDREW SOLOMON DIRECTOR 1.00
Director
$0 $0 $0
MANUEL SOSA DIRECTOR 1.00
Director
$0 $0 $0
ELAINA RICHARDSON PRESIDENT 40.00
Officer
$368,909 $27,872 $396,781
MICHELE HANNAH VICE PRESIDENT OF FINANCE 40.00
Officer
$129,805 $15,969 $145,774
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 $2,993,288 $4,474,781 $54,288,238 $-1,481,493
2023 $3,190,547 $4,830,308 $53,313,056 $-1,639,761
2022 $3,869,899 $4,358,397 $51,979,807 $-488,498
2021 $4,491,706 $3,762,735 $58,580,101 $728,971
2020 $3,301,866 $3,253,445 $55,031,584 $48,421
2019 $3,977,714 $3,867,680 $52,204,083 $110,034
2018 $3,755,720 $3,396,653 $48,500,987 $359,067
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