Photowork Foundation

Woodstock, NY · Public foundation / grantmaker · Since 2022 · Foundations & Grantmakers

✓ Tax-deductible
Revenue
$295K
+59% vs prior year
Spent
$267K
To programs
61%
Net assets
$75K
By yearFY2023–FY2025
Revenue
$295K
FY2025▲ +59%
Revenue by fiscal year
FY2023$135K
FY2024$186K
FY2025$295K
Net assets
$75K
FY2025▲ +61%
Net assets by fiscal year
FY2023$24K
FY2024$47K
FY2025$75K

From the FY2025 Form 990 · see the original

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CPhotowork Foundation
EINHdr · item D32-0705228
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFNov 2022
Year of formationHdr · item L2022
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CWoodstock, NY
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
WebsiteHdr · item Jwww.photowork.foundation

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.61 Management & general $0.20 Fundraising $0.19
Program services61%$163K
Management & general20%$53K
Fundraising19%$51K
Total functional expensesLn 25$267K

Financial health

Is it on solid ground?

Program efficiency
61%
of spending reaches programs
Operating runway
3.4mo
months of highly liquid reserves at operating expense rate▼ -6% vs prior filing year
Surplus margin
+10%
revenue over expenses, this year▼ -23% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue less expensesPt I · Ln 19$28K
Total assetsPt X · Ln 16$75K
Program-expense ratioPt IX · col B61%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 44

Balance Sheet

Part X · end of year
CashLn 1$75K
Total assetsLn 16$75K
Total liabilitiesLn 26$0
Total net assetsLn 32$75K
Months of cash on handcomputed3.4

Statement of Revenue

Part VIII
Contributions & grants$284K · 96%
Program service revenue$9K · 3%
Other revenue$2K · 1%
Contributions & grants96%$284K
Program service revenue3%$9K
Other revenue1%$2K
Investment income$54
— government grantsLn 1e$10K
Total revenueLn 12$295K

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $75K · Operating expenses/yr $267K
3.4 months
Where the money goes
Program services
Program services $163K · Total expenses $267K
61%
Management & General
Management & general $53K · Total expenses $267K
20%
Fundraising
Fundraising $51K · Total expenses $267K
19%
Cost to raise $1
Fundraising expense $51K · Solicited contributions $274K
$0.18 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $284K · Total revenue $295K
96%
Government reliance
Government grants $10K · Total revenue $295K
3%
Earned-income share
Program service revenue $9K · Total revenue $295K
3%
Investment reliance
Investment income $54 · Total revenue $295K
+0.02%
Program self-sufficiency
Program service revenue $9K · Total expenses $267K
4%
Growth & trend
Revenue growth (YoY)
This year $295K · Prior year $186K
+59%
Net-asset trend (YoY)
End of year $75K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $295K · Expenses $267K
+10%
Liabilities-to-Assets
Total liabilities — · Total assets $75K
—
Net-asset ratio
Net assets $75K · Total assets $75K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $75K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Alexandra Wolf · Reported title EXECUTIVE DIRECTOR/PRESIDENT · Highest reported compensation $110K · Total expenses $267K
41%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $183K · Total expenses $267K
69%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 61%——
Overhead ratio 20%——
Fundraising cost ratio 18%——
Revenue growth 59%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director/President
$110,000Pt VII · Sec A
Board Chair/Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Alexandra Wolf’s $110K as Executive Director/President is at the 88th percentile of top reported officer pay among 1264 $100K–1M 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023
Alexandra Wolf$110,000——
Alexandra Wolf—$54,996$54,997

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 Photowork Foundation executive salaries →

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Governance & Policies

Part VI
  • 5Voting board membersPt VI · Ln 1a
  • 4Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Photowork Foundation is a public foundation based in Woodstock, NY, formed in 2022.

Provided by the organization

This section is blank until Photowork Foundation claims this page.

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Mission & Programs · Part III

Where the work happens

3 program services account for $163K of program spending, described in the organization's own filed words · FY2025.
01

The photowork senior fellowship awards a $10,000 grant to each of three photographers who demonstrate a sustained commitment to photography and exhibit both the readiness and capability to work with a photography mentor over a period of six months toward creating a book maquette of a comprehensive body of work and preparing the…

$79Kprogram expense
02

The photowork junior fellowship is a six-month mentoring program pairing emerging artists with accomplished photographers. It aims to support individual artists development, regardless of their educational background, and build a cohort of fellows who will impact the photographic community by advancing the post-documentary genre and…

$54Kprogram expense
03

The photowork podcast is an ongoing series of interviews with influential figures in the fine art photography world, including photographers, curators, and publishers. Through deep, personal conversations, valuable insights into their processes and practices are revealed to a global community of listeners.

$31Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 4 funders$90K
See all 4 funders →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest Viewing $295K$267K+59% 990 PDF
FY2024 $186K—+37% 990 PDF
FY2023 $135K— 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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