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TERRA FOUNDATION FOR AMERICAN ART

TERRA FOUNDATION FOR AMERICAN ART

Chicago, IL, US
•
501(c)3
•
EIN
36-2999442
•
WWW.TERRAAMERICANART.ORG
•
Open for Solicitation
Private Operating Foundation
Private Foundation
Regional Funder
funder logo

TERRA FOUNDATION FOR AMERICAN ART

Chicago, IL, US
•
501(c)3
•
EIN
36-2999442
•
WWW.TERRAAMERICANART.ORG
•
Open for Solicitation
Private Operating Foundation
Private Foundation
Regional Funder
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Income Statement
Balance Sheet
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Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$25,052,658

Other
76%
Investments
22%
Contributions
2%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024

$25,089,633

Grants
56%
Salaries & Benefits
18%
Fees to Service Providers
10%
Other
9%
Offices, Occupancy & IT
4%
Depreciation
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$36,000
$400,000
+1011%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$4,251,222
$5,516,883
+30%
Other
-$3,838,165
$19,135,775
-599%
Total Revenues
$449,057
$25,052,658
+5479%
Expenses
2023
2024
Change
Grants
$9,907,025
$14,170,567
+43%
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,234,495
$4,506,885
+6%
Fees to Service Providers
$2,288,403
$2,547,812
+11%
Advertising & Promotion
$20,813
$20,734
0%
Offices, Occupancy & IT
$928,630
$1,029,415
+11%
Interest
$0
$0
-
Depreciation
$490,924
$512,659
+4%
Other
$1,670,944
$2,301,561
+38%
Total Expenses
$19,541,234
$25,089,633
+28%
Net income
2023
2024
Change
Net income
-$19,092,177
-$36,975
+100%
Income Statement
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