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Frederick R Weisman Art Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Arts, Culture and Humanities / Art Museums (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$3.89M (2023)

Expenses
$3.18M (2023)

Total Assets
$106M (2023)

Total Liabilities
$167k (2023)

Years with missing data
Years with multiple filings
Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,889,202
Expenses
$3,175,032
Net Income
$714,170
Net Assets
$105,371,287
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $400,915
10.3%
Interest Revenue $447,575
11.5%
Dividends $1,306,216
33.6%
Sales of Assets $1,978,510
50.9%
Other Income -$244,014
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,845,676
58.1%
Compensation of Officers* $470,638
14.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $105,538,192
Total Liabilities $166,905
Net Assets $105,371,287
Compensation
Key Employees and Officers Compensation Other
Billie Milam Weisman (President, D) $356,677 $0
Sean Gray (Manager) $113,961 $0
Kathryn Gallaher (Adm Assistan) $71,448 $0
Elizabeth Rubio (Supervisor) $65,716 $0
Sydney Picasso (Secretary) $0 $0
Frederick M Nicholas (Treasurer) $0 $0
Larry Nathanson Cpa (Chief Fin. O) $0 $0
Corey Hanker (Chief Invstm) $0 $125,000

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,728,078
Expenses
$2,920,026
Net Income
$1,808,052
Net Assets
$104,904,089
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $60
0.0%
Interest Revenue $390,020
8.2%
Dividends $1,377,938
29.1%
Sales of Assets $2,857,993
60.4%
Other Income $102,067
2.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,042,897
70.0%
Compensation of Officers* $503,083
17.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $105,008,644
Total Liabilities $104,555
Net Assets $104,904,089
Compensation
Key Employees and Officers Compensation Other
Billie Milam Weisman (President, D) $349,436 $0
Sean Gray (Manager) $114,584 $0
Kathryn Gallaher (Adm Assistan) $71,432 $0
Elizabeth Rubio (Supervisor) $65,741 $0
Corey Hanker (Chief Invstm) $39,063 $0
Sydney Picasso (Secretary) $0 $0
Frederick M Nicholas (Treasurer) $0 $0
Larry Nathanson Cpa (Chief Fin. O) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,711,410
Expenses
$2,438,921
Net Income
$1,272,489
Net Assets
$102,914,100
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $40
0.0%
Interest Revenue $209,700
5.7%
Dividends $976,666
26.3%
Sales of Assets $2,462,060
66.3%
Other Income $62,944
1.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,672,403
68.6%
Compensation of Officers* $323,030
13.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $103,361,969
Total Liabilities $447,869
Net Assets $102,914,100
Compensation
Key Employees and Officers Compensation Other
Billie Milam Weisman (President, D) $323,030 $0
Sean Gray (Manager) $84,737 $0
Kathryn Gallaher (Adm Assistan) $59,332 $0
Elizabeth Rubio (Supervisor) $55,156 $0
Sydney Picasso (Secretary) $0 $0
Frederick M Nicholas (Treasurer) $0 $0
Larry Nathanson Cpa (Chief Fin. O) $0 $0

Document Links

Fiscal Year Ending Jan.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,498,511
Expenses
$2,708,346
Net Income
$790,165
Net Assets
$101,749,348
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $277,035
7.9%
Dividends $984,692
28.1%
Sales of Assets $1,900,342
54.3%
Other Income $336,442
9.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,914,014
70.7%
Compensation of Officers* $465,546
17.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $102,198,878
Total Liabilities $449,530
Net Assets $101,749,348
Compensation
Key Employees and Officers Compensation Other
Billie Milam Weisman (President, D) $364,268 $0
Steven L Arnold (Chief Fin. O) $101,278 $0
Sean Gray (Manager) $94,068 $0
Kathryn Gallaher (Adm Assistan) $63,953 $0
Elizabeth Rubio (Supervisor) $59,612 $0
Sydney Picasso (Secretary) $0 $0
Frederick M Nicholas (Treasurer) $0 $0

Document Links

Fiscal Year Ending Jan.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,628,406
Expenses
$2,845,223
Net Income
$1,783,183
Net Assets
$101,421,938
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $510
0.0%
Interest Revenue $0
Dividends $1,545,040
33.4%
Sales of Assets $3,062,700
66.2%
Other Income $20,156
0.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,994,894
70.1%
Compensation of Officers* $447,796
15.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $101,746,130
Total Liabilities $324,192
Net Assets $101,421,938

Document Links

Fiscal Year Ending Jan.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,676,258
Expenses
$2,298,781
Net Income
$377,477
Net Assets
$100,510,721
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $50
0.0%
Interest Revenue $0
Dividends $1,098,256
41.0%
Sales of Assets $1,467,620
54.8%
Other Income $110,332
4.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,785,672
77.7%
Compensation of Officers* $451,859
19.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $100,880,059
Total Liabilities $369,338
Net Assets $100,510,721

Document Links

Fiscal Year Ending Jan.
2018

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Jan.
2017

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Jan.
2016

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Jan.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,131,838
Expenses
$2,175,137
Net Income
-$43,299
Net Assets
$88,639,028
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $51
0.0%
Interest Revenue $0
Dividends $740,958
34.8%
Sales of Assets $1,353,762
63.5%
Other Income $37,067
1.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,632,184
75.0%
Compensation of Officers* $459,961
21.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $88,784,736
Total Liabilities $145,708
Net Assets $88,639,028

Document Links

Fiscal Year Ending Jan.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,983,497
Expenses
$2,098,747
Net Income
$1,884,750
Net Assets
$89,198,341
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $30
0.0%
Interest Revenue $0
Dividends $1,078,011
27.1%
Sales of Assets $2,905,456
72.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,571,758
74.9%
Compensation of Officers* $460,661
21.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $89,321,659
Total Liabilities $123,318
Net Assets $89,198,341

Document Links

Fiscal Year Ending Jan.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$745,425
Expenses
$2,320,393
Net Income
-$1,574,968
Net Assets
$87,803,218
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $30
0.0%
Interest Revenue $822,628
> 100%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,593,366
68.7%
Compensation of Officers* $456,257
19.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $88,156,519
Total Liabilities $353,301
Net Assets $87,803,218

Document Links

Fiscal Year Ending Jan.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,312,181
Expenses
$2,145,902
Net Income
-$833,721
Net Assets
$89,174,462
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $60
0.0%
Interest Revenue $0
Dividends $963,124
73.4%
Sales of Assets $348,997
26.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,563,511
72.9%
Compensation of Officers* $462,560
21.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $89,301,401
Total Liabilities $126,939
Net Assets $89,174,462

Document Links

Fiscal Year Ending Jan.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,312,399
Expenses
$764,174
Net Income
$548,225
Net Assets
$89,982,726
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $310
0.0%
Interest Revenue $0
Dividends $940,569
71.7%
Sales of Assets $371,520
28.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,537,037
> 100%
Compensation of Officers* $449,407
58.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $90,206,440
Total Liabilities $223,714
Net Assets $89,982,726

Document Links

Fiscal Year Ending Jan.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Jan.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Jan.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Jan.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Jan.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Jan.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Jan.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Jan.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Jan.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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