THE HOUSE FOUNDATION FOR THE ARTS INC Charity Report

Public IRS 990 nonprofit record

THE HOUSE FOUNDATION FOR THE ARTS INC

EIN 13-2869113 · Arts, Culture & Humanities (A026)

What they do

FOUNDED IN 1971, THE HOUSE FOUNDATION for THE ARTS, INC. (THE HOUSE) is A NONPROFIT PERFORMING ARTS and CULTURE ORGANIZATION WITH A MISSION to PROMOTE, DISSEMINATE and CELEBRATE THE WORK of THE ICONIC AMERICAN ARTIST MEREDITH MONK. for THE PAST 46 YEARS, THE HOUSE HAS SERVED AS A VEHICLE to SHARE MONKS WORK WITH THE WORLD. THE HOUSE PROVIDES DEVELOPMENT, MANAGEMENT, PRODUCTION and ADMINISTRATIVE SERVICES for MONK and MEREDITH MONK & VOCAL ENSEMBLE. THE HOUSES CORE PROGRAMMING INCLUDES LIVE PERFORMANCES, FILM SCREENINGS, ARTIST TALKS, EDUCATIONAL PROGRAMS for YOUNG PEOPLE and WORKSHOPS for PROFESSIONAL ARTISTS. THE HOUSE is COMMITTED to BUILDING A LEGACY for MONK and to SHARING HER PROLIFIC BODY of WORK WITH FUTURE GENERATIONS of ARTISTS, SCHOLARS and THE PUBLIC.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $83.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders12 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

106.81%of revenue went to mission work83.5% of expenses · Program services

7.13%of revenue went to fundraising5.6% of expenses

$127.87spent for every $100 of revenueSpending was higher than revenue this year.

13.93%of revenue went to management and office costs10.9% of expenses

$0.68in assets for every $1 spent this yearSome assets cannot be spent right away.

48.3%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $205,306 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $111,629 for SARAH LERNER (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$736,591

Mission workProgram services$786,740106.81% of revenue83.5% of expenses

ManagementOffice and general costs$102,61813.93% of revenue10.9% of expenses

FundraisingAsking for donations$52,5397.13% of revenue5.6% of expenses

Total expenses$941,897127.87% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 83.5% mission · 10.9% management · 5.6% fundraisingTotal expenses: 127.87% of revenue

2023Expense mix: 81.6% mission · 11.3% management · 7.1% fundraisingTotal expenses: 76.93% of revenue

2022Expense mix: 81.0% mission · 13.3% management · 5.7% fundraisingTotal expenses: 114.28% of revenue

2021Expense mix: 81.9% mission · 11.7% management · 6.5% fundraisingTotal expenses: 85.11% of revenue

2020Expense mix: 77.6% mission · 13.3% management · 9.1% fundraisingTotal expenses: 77.03% of revenue

2019Expense mix: 78.8% mission · 13.2% management · 8.0% fundraisingTotal expenses: 83.01% of revenue

2018Expense mix: 71.8% mission · 16.2% management · 12.0% fundraisingTotal expenses: 109.08% of revenue

2017Expense mix: 81.8% mission · 7.6% management · 10.5% fundraisingTotal expenses: 88.30% of revenue

Money in and money out

Revenue$736,591

Expenses$941,897

Annual shortfall $205,306 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$786,740 · 83.5% of expenses

Management and office costs$102,618 · 10.9% of expenses

Fundraising$52,539 · 5.6% of expenses

See all reported dollar amounts

Revenue$736,591

Expenses$941,897

Assets$641,932

Income$775,187

Contributions$355,813

Mission work (program services)$786,740

Fundraising$52,539

Management and general$102,618

Executive compensation (total)$172,531

Stocks and bonds$279

Accounting fees$56,920

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

SARAH LERNEREXECUTIVE DIRECTOR · 40 hrs/week $111,629Base $102,300 · Other $9,329

MEREDITH MONKARTISTIC DIRECTOR · 40 hrs/week $93,365Base $88,000 · Other $5,365

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (12)

SARAH LERNEREXECUTIVE DIRECTOR

MEREDITH MONKARTISTIC DIRECTOR

CHIEN YUENBOARD MEMBER

CORINNA DURLANDBOARD MEMBER

KERI CHRISTSECRETARY

MARK MCNEILLBOARD MEMBER

MELANIE CHARLESBOARD MEMBER

SEBASTIAAN BREMERBOARD MEMBER

SEVERN TAYLORPRESIDENT

SWATI DESAITREASURER

TAJA CHEECKBOARD MMEBER

ZIZI MUELLERBOARD MEMBER

About this charity

Recognized since: January 1972
Location: 260 W BROADWAY STE 2, NEW YORK, NY 10013-2260
County: New York
In care of: SEVERN TAYLOR
Primary officer: SEVERN TAYLOR, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Emailmonk@meredithmonk.org Phone(212) 904-1330

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: RICH AND BANDER LLP
NTEE classification: Arts, Culture & Humanities (A026)
IRS tax category: Other Management Consulting Services