National in scope, the Princess Grace Foundation-USA is dedicated to identifying and assisting emerging talent in theater, dance, and film by awarding grants in the form of scholarships, apprenticeships, and fellowships. The foundation's trustees share Princess grace's dedication to supporting the arts and they believe, as she did, that cultivation and training of emerging talent is essential to ensure sustained excellence in the arts. Each year, the Foundation announces a select group of Princess Grace awards for distinction in the areas of theater, dance, and film. Students are eligible for scholarships; emerging artists working in companies qualify for apprenticeships and fellowships. A playwriting fellowship is available for individual artists through a residency at new dramatists in new york city.

501(c)(3) charity; gifts are tax-deductible.
53¢ of each $1 spent went to programs.
$370K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $1.3M a year · 44% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
53%
of spending
Worth a look: 53% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$370K
to officers and key staff · 26% of spending
Worth a look: pay to officers and key staff is 26% of spending; over 20%.
Pt VII · Sec A
13 mo
of spending, in cash
Plus $22.9M in investments, Pt X · Ln 11–13
Looks good: 12.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$279K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
32
of 32 voting members
Looks good: 32 of 32 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.2M
+108% vs prior year
Spent
$1.5M
To programs
53%
Net assets
$25.1M
By yearFY2020–FY2024
Revenue
$2.2M
FY2021▲ +108%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.0M
FY2021$2.2M
FY2022$2.1M
FY2023$2.7M
FY2024$6.4M
Expenses
$1.5M
FY2021▲ +51%
Tap a bar for its year
Expenses by fiscal year
FY2020$960K
FY2021$1.5M
FY2022$1.5M
FY2023$1.9M
FY2024$2.3M
Net assets
$25.1M
FY2021▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$22.2M
FY2021$25.1M
FY2022$22.8M
FY2023$23.8M
FY2024$29.0M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1983.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

53 cents of each dollar spent went to programs.

Program services 53% · $766K Management & general 16% · $232K Fundraising 31% · $452K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

35 people listed on the 990; $370K paid to officers and key staff.

Part VII, Section A · reportable compensation
$251,051Pt VII · Sec A
Dir of Philanthropy
$100,137Pt VII · Sec A
Accounting Manager
$19,085Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Diana Cartwright’s $185K as President is at the 77th percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Brisa Charleton—$200,000$254,000——
Brisa Trinchero———$251,051$208,100
Diana Cartwright$185,000————
Patricia Leonard$110,000——$100,137—
Nicole Dibona——$30,909$19,085$14,359
Katherine Epstein$20,510$16,800$5,320——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Princess Grace Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports emerging talent in theater, dance, and film with scholarships, apprenticeships, and fellowships.

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Provided by the organization

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1 program · $766K · in their own filed words · FY2021
01

National in scope, the princess grace foundation is dedicated to identifying and assisting emerging talent in theater, dance, and film by awarding grants in the form of scholarships, apprenticeships, and fellowships.

$766Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$5K
Grants paid · 36 grants · $2.6M · 2020–2024
Unitemized GrantFY2024$290,264
Unitemized GrantFY2024$270,000
New Dramatists INCNY · FY2024$21,000
Unitemized GrantFY2024$16,500
Unitemized GrantFY2024$9,000
Unitemized GrantFY2023$270,000
Unitemized GrantFY2023$270,000
Unitemized GrantFY2023$185,154
Unitemized GrantFY2023$185,154
Baryshnikov Arts Center INCNY · FY2023$65,168
Baryshnikov Arts Center INCNY · FY2023$65,168
New Dramatists INCNY · FY2023$21,000
New Dramatists INCNY · FY2023$21,000
Unitemized GrantFY2023$16,500
Unitemized GrantFY2023$16,500
See all 36 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$2.2M
Ln 12
Investment incomeLn 3$1.2M
Gifts and grantsLn 1h$976K
Money outPt IX
$1.5M
Ln 25
Programscol B$766K
Managementcol C$232K
Fundraisingcol D$452K
Owns and owesPt X
$25.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$25.4M
LiabilitiesLn 26$279K
PeoplePt VI, VII
35
listed · VII A
PaidVII A3
Voting boardVI 1a32
IndependentVI 1b32
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$976K
Government grantsLn 1e$85K
Noncash giftsLn 1g$50K
Fundraising eventsLn 1c$468K
Investment incomeLn 3$1.2M
Gains on assetsLn 7$902K
Total revenueLn 12$2.2M
Assets in detailPt X, end of year
CashLn 1$379K
SavingsLn 2$1.1M
Cash and savings togetherLn 1–2$1.5M
InvestmentsLn 11–13$22.9M
Land, buildings, equipmentLn 10c$460
Other assetsLn 15$839K
Total assetsLn 16$25.4M
LiabilitiesLn 26$279K
Net assetsLn 32$25.1M
OperationsPt I, VI
EmployeesI 57
VolunteersI 632
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.7M$1.5M
InvestmentsLn 11–13$20.3M$22.9M
Land, buildings, equipmentLn 10c$1K$460
Total assetsLn 16$22.3M$25.4M
LiabilitiesLn 26$110K$279K
Net assetsLn 32$22.2M$25.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$487K$487K
Pay of current officers, directors and key staffLn 5$286K$130K$26K$129K
Other salaries and wagesLn 7$46K$21K$4K$21K
Other employee benefitsLn 9$35K$16K$3K$16K
Payroll taxesLn 10$23K$10K$2K$10K
Investment management feesLn 11f$39K$39K
Other fees for servicesLn 11g$131K$12K$54K$65K
Office expensesLn 13$49K$13K$29K$7K
OccupancyLn 16$70K$25K$46K
TravelLn 17$65K$13K$2K$51K
Depreciation, depletion and amortizationLn 22$998$300$198$500
InsuranceLn 23$24K$6K$18K
Other expenses (24a–d)Ln 24$194K$32K$10K$152K
Total functional expensesLn 25$1.5M$766K$232K$452K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $6.4M$2.3M$4.1M$29.0M 990 PDF
FY2023 $2.7M$1.9M$886K$23.8M 990 PDF
FY2022 $2.1M$1.5M$519K$22.8M 990 PDF
FY2021 Viewing $2.2M$1.5M$701K$25.1M 990 PDF
FY2020 $1.0M$960K$75K$22.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $2,151,448 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $771,576$975,546
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $35,312$1,220,225
I-11 Other revenuePrior year $228,031−$44,323
I-12 Total revenuePrior year $1,034,919$2,151,448
I-13 Grants and similar amounts paidPrior year $12,961$487,090
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $536,243$390,073
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $410,720$573,650
I-18 Total expensesPrior year $959,924$1,450,813
I-19 Revenue less expensesPrior year $74,995$700,635
Part VI · Governance 32 of 32 board members independent, 1 to look at
VI-1a Voting members of the governing body32
VI-1b Independent voting members32
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,151,448 across 11 lines filed
VIII-1c Fundraising events$467,989
VIII-1e Government grants$85,352
VIII-1f All other contributions, gifts and grants$422,205
VIII-1g Noncash contributions (included above)$50,398
VIII-1h Total contributions, gifts and grants$975,546
VIII-3 Investment incomeExcluded from tax $318,275$318,275
VIII-5 RoyaltiesExcluded from tax $160,000$160,000
VIII-7 Net gain or loss on sales of assetsExcluded from tax $901,950$901,950
VIII-8 Net income from fundraising eventsExcluded from tax −$242,504−$242,504
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $38,181$38,181
VIII-12 Total revenueRelated to mission $38,181 · Unrelated business $0 · Excluded from tax $1,137,721$2,151,448
Part IX · Statement of functional expenses $1,450,813 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $487,090$487,090
IX-5 Pay of current officers, directors and key staffPrograms $130,287 · Management $26,298 · Fundraising $129,258$285,843
IX-7 Other salaries and wagesPrograms $21,082 · Management $4,239 · Fundraising $20,930$46,251
IX-9 Other employee benefitsPrograms $15,705 · Management $3,306 · Fundraising $15,891$34,902
IX-10 Payroll taxesPrograms $10,426 · Management $2,166 · Fundraising $10,485$23,077
IX-11f Investment management feesManagement $38,657$38,657
IX-11g Other fees for servicesPrograms $12,450 · Management $53,871 · Fundraising $65,000$131,321
IX-13 Office expensesPrograms $13,396 · Management $28,733 · Fundraising $7,231$49,360
IX-16 OccupancyPrograms $24,581 · Management $45,651$70,232
IX-17 TravelPrograms $12,881 · Management $1,737 · Fundraising $50,707$65,325
IX-22 Depreciation, depletion and amortizationPrograms $300 · Management $198 · Fundraising $500$998
IX-23 InsurancePrograms $6,411 · Management $17,517$23,928
IX-24 Other expenses (24a–d)Programs $31,810 · Management $9,636 · Fundraising $152,383$193,829
IX-25 Total functional expensesPrograms $766,419 · Management $232,009 · Fundraising $452,385$1,450,813
Part X · Balance sheet $25,355,655 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $100,963$378,889
X-2 Savings and temporary cash investmentsStart of year $1,552,482$1,140,196
X-3 Pledges and grants receivableStart of year $37,035$45,000
X-4 Accounts receivableStart of year $55,264$93,889
X-10c Land, buildings and equipment, netStart of year $1,458$460
X-11 Publicly traded securitiesStart of year $16,255,561$15,963,411
X-12 Other securitiesStart of year $4,075,449$6,895,196
X-15 Other assetsStart of year $215,186$838,614
X-16 Total assetsStart of year $22,293,615$25,355,655
X-17 Accounts payable and accrued expensesStart of year $68,243$111,557
X-18 Grants payableStart of year $37,500$167,642
X-25 Other liabilitiesStart of year $4,667$0
X-26 Total liabilitiesStart of year $110,410$279,199
X-27 Net assets without donor restrictionsStart of year $20,945,617$23,649,182
X-28 Net assets with donor restrictionsStart of year $1,237,588$1,427,274
X-32 Total net assets or fund balancesStart of year $22,183,205$25,076,456
X-33 Total liabilities and net assetsStart of year $22,293,615$25,355,655
Part XI · Reconciliation of net assets $25,076,456 net assets at year end
XI-1 Total revenue$2,151,448
XI-2 Total expenses$1,450,813
XI-3 Revenue less expenses$700,635
XI-4 Net assets at start of year$22,183,205
XI-5 Net unrealized gains (losses) on investments$2,192,616
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$25,076,456

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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