PRINCESS GRACE FOUNDATION - USA - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1982

Legal Domicile

Principal Officer

DIANA KEMPPAINEN

Phone

2123171470

Tax Period

2024-01-01 to 2024-12-31

PRINCESS GRACE FOUNDATION - USA, founded in 1982, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $6.4M in total revenue in fiscal year 2024. Revenue surged 132% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.1M, a strong 64% operating margin.

Mission

NATIONAL IN SCOPE, THE PRINCESS GRACE FOUNDATION-USA IS DEDICATED TO IDENTIFYING AND ASSISTING EMERGING TALENT IN THEATER, DANCE, AND FILM BY AWARDING GRANTS IN THE FORM OF SCHOLARSHIPS, APPRENTICESHIPS, AND FELLOWSHIPS. THE FOUNDATION'S TRUSTEES SHARE PRINCESS GRACE'S DEDICATION TO SUPPORTING THE ARTS AND THEY BELIEVE, AS PRINCESS GRACE DID, THAT CULTIVATION AND TRAINING OF EMERGING TALENT IS ESSENTIAL TO ENSURE SUSTAINED EXCELLENCE IN THE ARTS. EACH YEAR, THE FOUNDATION ANNOUNCES A SELECT GROUP OF PRINCESS GRACE AWARDS FOR DISTINCTION IN THE AREAS OF THEATER, DANCE, AND FILM. STUDENTS ARE ELIGIBLE FOR SCHOLARSHIPS; EMERGING ARTISTS WORKING IN COMPANIES QUALIFY FOR APPRENTICESHIPS AND FELLOWSHIPS. A PLAYWRITING FELLOWSHIP IS AVAILABLE FOR INDIVIDUAL ARTISTS THROUGH A RESIDENCY AT NEW DRAMATISTS IN NEW YORK CITY.

Program Service Accomplishments

Program 1

Expenses: $1,029,328 Revenue: $11,852

THE PRINCESS GRACE AWARDS SUPPORT EXTRAORDINARY EMERGING ARTISTS IN THEATER, DANCE, AND FILM THROUGH UNRESTRICTED GRANTS. THE PROGRAM HONORS CREATIVE GENERATORS (THEATER DIRECTORS, DESIGNERS...

THE PRINCESS GRACE AWARDS SUPPORT EXTRAORDINARY EMERGING ARTISTS IN THEATER, DANCE, AND FILM THROUGH UNRESTRICTED GRANTS. THE PROGRAM HONORS CREATIVE GENERATORS (THEATER DIRECTORS, DESIGNERS, CHOREOGRAPHERS, AND FILM DIRECTORS) AND PERFORMANCE-BASED ARTISTS (INCLUDING BUT NOT LIMITED TO ACTORS AND DANCERS), WITH A PLAYWRITING FELLOWSHIP OFFERED IN PARTNERSHIP WITH NEW DRAMATISTS. THE APPLICATION IS NOMINATION-BASED, WITH NOMINATIONS COMING FROM SCHOOLS, NONPROFIT THEATER AND DANCE COMPANIES, NONPROFIT MEDIA ARTS CENTERS, AND PREVIOUS PRINCESS GRACE AWARD WINNERS. PRINCESS GRACE AWARD WINNERS (EXCLUDING PLAYWRITING FELLOWS) ARE CHOSEN THROUGH A RIGOROUS TWO-STAGE ADJUDICATION PROCESS LED BY EXPERT PRACTITIONERS ACROSS DISCIPLINES, CULMINATING IN IN-PERSON DELIBERATIONS WHERE DECISIONS ARE REACHED BY CONSENSUS. SUCCESSFUL NOMINATORS RECEIVE A MODEST GRANT IN RECOGNITION OF THEIR SUCCESSFUL NOMINATION. APPLICANTS TO THE PRINCESS GRACE AWARDS MUST BE LIVING AND WORKING IN THE UNITED STATES AT THE TIME OF NOMINATION.BEYOND THE INITIAL AWARD, THE FOUNDATION REMAINS COMMITTED TO ITS ARTISTS BY OFFERING ADVANCEMENT GRANTS WHICH INCLUDE OPPORTUNITIES FOR PROJECT SPECIFIC SUPPORT (SPECIAL PROJECT GRANTS), PROFESSIONAL DEVELOPMENT (PROFESSIONAL DEVELOPMENT GRANTS) AND INTENSIVE COACHING IN PARTNERSHIP WITH MAP FUND'S SPA PROGRAM (PRINCESS GRACE ARTIST FELLOWSHIP).

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,482,860

Program Service Revenue $0

Investment Income $405,631

Other Revenue $481,065

TOTAL REVENUE $6,369,556

Expense Breakdown

Grants Paid $664,264

Salaries & Benefits $690,940

Fundraising Expenses $937,210

Program Expenses $1,029,328

Other Expenses $942,136

TOTAL EXPENSES $2,297,340

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,369,556	$2,749,009	+1.3%
Expenses	$2,297,340	$1,862,949	+0.2%
Net Income	$4,072,216	$886,060	+3.6%

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

Financial Distress Indicator

Liquidity & Cash Position

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$218,635

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNE HEARST	DIRECTOR	0.50	Director	$0	$0	$0
ANTON KATZ	DIRECTOR	2.00	Director	$0	$0	$0
BARBARA LEHMAN	DIRECTOR	1.00	Director	$0	$0	$0
BRISA CARLETON	DIRECTOR	0.50	Director	$0	$0	$0
CLAUDIA POCCIA	DIRECTOR	0.50	Director	$0	$0	$0
D CHRISTOPHER LE VINE	DIRECTOR	1.00	Director	$0	$0	$0
GERARD COHEN	DIRECTOR	0.50	Director	$0	$0	$0
HON JOHN F LEHMAN	CHAIRMAN	3.00	Officer Director	$0	$0	$0
HSH PRINCE ALBERT II OF MONACO	VICE CHAIRMAN	0.50	Officer Director	$0	$0	$0
JOHN GORE	DIRECTOR	0.50	Director	$0	$0	$0
JOHN M CHU	DIRECTOR	0.50	Director	$0	$0	$0
JOHN PAULSON	DIRECTOR	0.50	Director	$0	$0	$0
JON B TURK MD	DIRECTOR	1.00	Director	$0	$0	$0
KINGA LAMPTERT	DIRECTOR	0.50	Director	$0	$0	$0
LESLIE ODOM JR	DIRECTOR	0.50	Director	$0	$0	$0
NOELLE WOLF	DIRECTOR	0.50	Director	$0	$0	$0
RACHEL HOVNANIAN	DIRECTOR	0.50	Director	$0	$0	$0
RICHARD KIRSHENBAUM	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT O MARX	VICE CHAIRMAN	3.00	Officer Director	$0	$0	$0
ROD GANCAS	DIRECTOR	0.50	Director	$0	$0	$0
SANDRA VAN ESSCHE	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT GREENSTEIN	DIRECTOR	0.50	Director	$0	$0	$0
SERENA D LESE	DIRECTOR	1.00	Director	$0	$0	$0
WOO JUNG CHO	DIRECTOR	0.50	Director	$0	$0	$0
DIANA CARTWRIGHT	PRESIDENT	40.00	Officer	$185,000	$13,125	$198,125
KATHERINE EPSTEIN	CONTRACTED ACCOUNTING MANAGER	8.00	Officer	$20,510	$0	$20,510
PATRICIA LEONARD	CHIEF PHILANTHROPY OFFICER	40.00	Highest	$110,000	$13,125	$123,125

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	$6,369,556	$2,297,340	$30,128,746	$4,072,216
2023	$2,749,009	$1,862,949	$24,882,054	$886,060
2023	$2,749,009	$1,862,949	$24,682,054	$886,060
2022	$2,052,994	$1,534,083	$23,842,233	$518,911
2021	$2,151,448	$1,450,813	$25,355,655	$700,635
2020	$1,034,919	$959,924	$22,293,615	$74,995
2018	$2,702,687	$2,731,432	$17,243,635	$-28,745

PRINCESS GRACE FOUNDATION - USA