FAOU FOUNDATION

EIN: 272399066 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$355,626
Total Expenses
$994,006
Total Assets
$131,657
Net Assets
$56,260
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
DE
Principal Officer
MARIKO MORI
Phone
2129663097
Tax Period
2024-06-01 to 2025-05-31

FAOU FOUNDATION, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $356K in total revenue in fiscal year 2024. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $994K exceeded revenue, resulting in a 180% operating deficit.

Mission

THE FOUNDATION'S MISSION IS TO CREATE A SERIES OF HARMONIOUS, SITE SPECIFIC ART INSTALLATIONS AROUND THE WORLD,EACH OF WHICH WILL PROVIDE LASTING TESTIMONY TO THE NATURAL BEAUTY OF THEIR SURROUNDINGS. THESE PERMANENT WORKS WILL HELP PROMOTE A DEEPER UNDERSTANDING OF HUMANKIND'S CONNECTION WITH THE NATURAL ENVIRONMENT, AND SERVE FOR PRESERVING AND REVITALIZING THE COMMUNITIES THAT WILL HOST THESE INSTALLATIONS. THE FOUNDATION ALSO STRIVES TO FORM STRONG CONNECTIONS WITH THE LOCAL COMMUNITIES THAT HOST ITS ART INSTALLATIONS, AND TO ENGAGE IN VARIOUS REVITALIZATION AND EDUCATIONAL EFFORTS SPECIFIC TO EACH COMMUNITITY'S SPECIFIC NEEDS, LANDSCAPE AND CULTURE.

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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 $355,609
Program Service Revenue $0
Investment Income $17
Other Revenue $0
TOTAL REVENUE $355,626

Expense Breakdown

Grants Paid $0
Salaries & Benefits $152,631
Fundraising Expenses $44,106
Program Expenses $906,727
Other Expenses $841,375
TOTAL EXPENSES $994,006

Year-over-Year Comparison

2024 2023 Change
Revenue $355,626 $815,096 -0.6%
Expenses $994,006 $190,530 +4.2%
Net Income $-638,380 $624,566 -2.0%
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

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Governance

Voting Members
4
Independent Members
4
Employees
1
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
3
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARIKO MORI PRESIDENT/ DIRECTOR 5.00
Officer Director
$0 $0 $0
JOHN S WADSWORTH JR DIRECTOR 2.00
Director
$0 $0 $0
YUKO HASEGAWA DIRECTOR 2.00
Director
$0 $0 $0
STEVEN GOLDGLIT CPA TREASURER 2.00
Officer
$0 $0 $0
YVETTE LEE EMPLOYEE 40.00
Highest
$125,000 $0 $125,000
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 $355,626 $994,006 $131,657 $-638,380
2023 $178,069 $178,717 $174,983 $-648
2022 $160,020 $185,126 $178,396 $-25,106
2021 $240,164 $165,118 $203,465 $75,046
2020 $180,044 $74,552 $124,524 $105,492
2019 $20,003 $53,637 $14,950 $-33,634
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