FRIENDS OF MATERIALS FOR THE ARTS INC

EIN: 810551712 501(c)(3) Arts, Culture & Humanities

LONG ISLAND CITY, NY

Total Revenue
$922,354
Total Expenses
$972,696
Total Assets
$1,166,450
Net Assets
$1,108,902
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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
1978
Legal Domicile
NY
Principal Officer
TARA SANSONE
Phone
7187292028
Tax Period
2024-07-01 to 2025-06-30

FRIENDS OF MATERIALS FOR THE ARTS INC, founded in 1978, is a small nonprofit in the Arts, Culture & Humanities sector that reported $922K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

Mission

PROVIDING NYC'S ARTS AND PUBLIC SCHOOL COMMUNITIES WITH EDUCATIONAL PROGRAMS AND MATERIALS.

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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 $655,590
Program Service Revenue $224,071
Investment Income $41,920
Other Revenue $773
TOTAL REVENUE $922,354

Expense Breakdown

Grants Paid $0
Salaries & Benefits $462,819
Fundraising Expenses $202,113
Program Expenses $611,314
Other Expenses $509,877
TOTAL EXPENSES $972,696

Year-over-Year Comparison

2024 2023 Change
Revenue $922,354 $1,022,482 -0.1%
Expenses $972,696 $808,106 +0.2%
Net Income $-50,342 $214,376 -1.2%
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
14
Independent Members
14
Employees
12
Volunteers
5083

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
$47,500
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTIE BYRNEHEIM CHAIR 1.00
Officer Director
$0 $0 $0
SHIRLEY LEVY VICE CHAIR 1.00
Officer Director
$0 $0 $0
ROBERT JENKINS SECRETARY 1.00
Officer Director
$0 $0 $0
GRAHAME T HUBBARD TREASURER 1.00
Officer Director
$0 $0 $0
MARLA AARON BOARD MEMBER 1.00
Director
$0 $0 $0
ALISON ARDEN BOARD MEMBER 1.00
Director
$0 $0 $0
BRIDGETT ARTISE BOARD MEMBER THRU JAN 25 1.00
Director
$0 $0 $0
LUKE HAYMAN BOARD MEMBER 1.00
Director
$0 $0 $0
RICK DAVY BOARD MEMBER 1.00
Director
$0 $0 $0
ANELLE MILLER BOARD MEMBER 1.00
Director
$0 $0 $0
SCOTT A RESNICK BOARD MEMBER 1.00
Director
$0 $0 $0
ANDREW BRETT SEIKEN BOARD MEMBER 1.00
Director
$0 $0 $0
SAMIT SHAH BOARD MEMBER 1.00
Director
$0 $0 $0
YOLANDA SHASHATY BOARD MEMBER 1.00
Director
$0 $0 $0
JANET WONG BOARD MEMBER 1.00
Director
$0 $0 $0
TARA SANSONE EXECUTIVE DIRECTOR 40.00
Officer
$47,500 $0 $47,500
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 $922,354 $972,696 $1,166,450 $-50,342
2024 $1,022,482 $808,106 $1,156,523 $214,376
2023 $748,262 $675,637 $926,284 $72,625
2022 $740,140 $600,417 $835,783 $139,723
2021 $309,109 $445,630 $839,134 $-136,521
2020 $632,038 $569,593 $870,674 $62,445
2019 $688,122 $658,075 $809,885 $30,047
2018 $577,518 $554,118 $764,550 $23,400
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