Marieluise Hessel Foundation

Nonprofit profile at a glance

EIN
356950631
IRS 990-PF coverage
2014–2024
Forms available
Form 990-PF 2024
Location
Jupiter, FL, USA
Phone
3077341138
Rating
96
Verdict
STRONG
Rating confidence
Standard
Sector
Arts Education

Reported finances

Revenue
$3,961,770
Expenses
$648,893

Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.

Overview

Mission

Arts Education

What it reported funding in 2024

The foundation reported 5 grants totaling $538,500. The stated grant purposes included purpose: restricted grant to the center for curatorial studies to provide funding for the general operations of the hessel museum of art, support for two positions on the center for curatorial studies / bard board of governors, scholarships for the center for curatorial studies graduate program, and a grant to support the ongoing care and management of the hessel art collection maintained at the center for curatorial studies., purpose: to support boundary-breaking women in the visual arts, to support arttable's ongoing work, nation-wide programming, and impact intiatives, including the arttable fellowship program which provides emerging professionals from underrepresented backgrounds with paid internships at leading institutions around the usa, and the career roundtable which gathers students and professionals for conversations about career paths., and purpose: to support red hook responds programming which is dedicated to mobilizing volunteers and supporting local resources to help those in need in the rhinebeck, new york and red hood, new york communities., plus 2 other reported purposes.

Operating model

Revenue model
Donor-supported. 94% of the foundation's positive operating resources came from contributions.
Distribution model
Grant intermediary. The foundation distributed 91% of its reported charitable disbursements as grants.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

The verdict

STRONG - A large share of available resources goes to charitable grants and the filed numbers largely add up. No material rating questions were generated from the available inputs.

Rating breakdown

  • Grant Deployment: 100
  • Cost Efficiency: 83
  • Transparency: 100
  • Compliance: 100
  • Endowment Health: 95

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 100%; rating input score 100; 87th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 83%; rating input score 83; 49th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 19 of 19 controls in place; rating input score 100
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Pass
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 9; rating input score 100

Endowment Health

  • Endowment-health comparison: 81.19; rating input score 95; 95th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: At least 100% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 95th percentile for endowment coverage
  • Consistency: 9 of 9 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 10 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.