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Filing year 2023

FRIENDS OF MATERIALS FOR THE ARTS INC

Long Island City, New York·EIN 81-0551712·NTEE A40 · Arts, Culture & Humanities·501(c)(3)
Total revenue
$1M
Total assets
$1.2M
Total expenses
$808k
Reported officers
16
Mission

FRIENDS OF MATERIALS FOR THE ARTS (FOMA) IS A 501C3 NONPROFIT WITH A MISSION TO SUPPORT MATERIALS FOR THE ARTS (MFTA) WITH PROVIDING PUBLIC PROGRAMMING, MATERIAL DONATIONS, AND INFRASTRUCTURE THAT HELPS ENGAGE THE NYC COMMUNITY TO TEACH ABOUT CREATIVE REUSE. THE CITY OF NEW YORK FUNDS INFRASTRUCTURAL AND OPERATIONAL COSTS FOR MFTA, AND IT FALLS UPON FOMA, MFTA'S NONPROFIT PARTNER, TO SUPPORT OTHER INITIATIVES TO REACH A BROADER AUDIENCE THROUGH OUR EDUCATION CENTER, WHICH CURRENTLY REACHES TENS OF THOUSANDS OF PEOPLE THROUGH OUR PROGRAMING.FOUNDED IN 1978, MFTA IS NYC'S LARGEST CREATIVE REUSE CENTER DEDICATED TO SUPPORTING ARTISTS AND ARTS ORGANIZATIONS. SINCE ITS INCLUSION OF PUBLIC SCHOOLS AS MEMBERS IN 1998, MFTA IS PROUD TO BE THE LARGEST PROVIDER OF FREE ART MATERIALS TO THE NYC DEPARTMENT OF EDUCATION.

Executive compensation

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2023

Percentile bands compare each position's total pay with the same role at Arts, Culture & Humanities organizations in New York.

Executive Director
10th to 25th percentile
$30k
$34k

Teal figures restate each filed amount in 2026 dollars.

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 15 unpaid individuals.

Browse compensation in Arts, Culture & Humanities

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at FRIENDS OF MATERIALS FOR THE ARTS INC equaled 4% of the organization's total expenses. The median for arts, culture & humanities organizations is 11%.

This organization (2023)
4%
Sector median
11%
Middle half of sector
5% to 20%

Based on 17,098 arts, culture & humanities organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Held steady
from 2022

From $30k in 2022 to $30k in 2023.

$30k
2022
$30k
2023
In today's dollarsEst.
Down 4% in real terms$35k to $34k

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay held roughly steady from 2022 to 2023, while revenue rose 37%.

$30k in 2022 to $30k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about FRIENDS OF MATERIALS FOR THE ARTS INC

What does the Chief Executive Officer of FRIENDS OF MATERIALS FOR THE ARTS INC earn?

In 2023, the Chief Executive Officer of FRIENDS OF MATERIALS FOR THE ARTS INC received $30,000 in total compensation. This pay is in the bottom quarter for Chief Executive Officer roles among Arts, Culture & Humanities organizations in New York, above the lowest 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at FRIENDS OF MATERIALS FOR THE ARTS INC compare with similar nonprofits?

Compared with the same role at Arts, Culture & Humanities organizations in New York, the 2023 pay of the Chief Executive Officer at FRIENDS OF MATERIALS FOR THE ARTS INC falls between the 10th and 25th percentiles. In 2023, the highest total compensation at FRIENDS OF MATERIALS FOR THE ARTS INC equaled 4% of the organization's total expenses. The median for arts, culture & humanities organizations is 11%.

What are FRIENDS OF MATERIALS FOR THE ARTS INC's revenue and expenses?

In 2023, FRIENDS OF MATERIALS FOR THE ARTS INC reported $1M in total revenue and $808k in total expenses on its IRS Form 990.

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