SEWARD JOHNSON ATELIER INC: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- SEWARD JOHNSON ATELIER INC (EIN 45-5246642)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-15
- IRS object ID
- 202433209349102473
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Depreciation Schedule
- Investments Other Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Mortgages And Notes Payable Sch
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Sales Of Inventory List
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-15T10:19:19-00:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 842115491 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | I&K ACCOUNTING LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 300 CRAIG ROAD SUITE 205 | AddressLine1Txt |
| City | MANALAPAN | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07726 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 455246642 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE SEWARD JOHNSON ATELIER INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SEWA | BusinessNameControlTxt |
| Phone | 6096891040 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14 FAIRGROUNDS ROAD | AddressLine1Txt |
| City | HAMILTON | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 08619 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Carole Lynn Declemente | PersonNm |
| Person Title | Chief Legacy Officer | PersonTitleTxt |
| Phone | 6096891040 | PhoneNum |
| Signature | 2024-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Craig Ingwer | PreparerPersonNm |
| PTIN | P01407184 | PTIN |
| Phone | 7325365777 | PhoneNum |
| Preparation | 2024-11-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $62,091,631 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $1,910,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $475 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $475 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $4,889 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $4,889 | DividendsNetInvstIncmAmt |
| Gross Rents Rev And Expnss | $128,040 | GrossRentsRevAndExpnssAmt |
| Net Rental Income Or Loss | $128,040 | NetRentalIncomeOrLossAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Gross Sales Less Ret And Allwnc | $490,773 | GrossSalesLessRetAndAllwncAmt |
| Cost Of Goods Sold | $307,021 | CostOfGoodsSoldAmt |
| Gross Profit Rev And Expnss | $183,752 | GrossProfitRevAndExpnssAmt |
| Other Income Rev And Expnss | $1,364,084 | OtherIncomeRevAndExpnssAmt |
| Total Rev And Expnss | $3,591,240 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $5,364 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $45,579 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $45,579 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $1,153,475 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $1,153,475 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $471,987 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $471,987 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $129,580 | LegalFeesRevAndExpnssAmt |
| Legal Fees Dsbrs Chrtbl | $129,580 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $40,096 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Chrtbl Prps | $40,096 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $189,743 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Dsbrs Chrtbl | $189,743 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $23,242 | TaxesRevAndExpnssAmt |
| Taxes Dsbrs Chrtbl | $23,242 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $611,102 | DeprecAndDpltnRevAndExpnssAmt |
| Occupancy Rev And Expnss | $417,519 | OccupancyRevAndExpnssAmt |
| Occupancy Dsbrs Chrtbl | $417,519 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $25,165 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $25,165 | TravConfMeetingDsbrsChrtblAmt |
| Printing And Pub Rev And Expnss | $526 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Dsbrs Chrtbl | $526 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $1,120,264 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $1,120,264 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $4,228,278 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $3,617,176 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $0 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $4,228,278 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $3,617,176 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$637,038 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $5,364 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $402,332 | CashBOYAmt |
| Cash EOY | $442,974 | CashEOYAmt |
| Cash EOYFMV | $442,974 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $8,825 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $13,713 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $13,713 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $573,637 | AcctRcvblAmt |
| Acct Rcvbl BOY | $1,410,482 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $573,637 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $573,637 | AcctRcvblEOYFMVAmt |
| Inventories BOY | $8,043,165 | InventoriesBOYAmt |
| Inventories EOY | $8,043,165 | InventoriesEOYAmt |
| Inventories EOYFMV | $8,043,165 | InventoriesEOYFMVAmt |
| Other Investments BOY | $166,787 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $21,231 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $21,231 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $20,019,390 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $5,440,149 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $15,022,653 | LandBOYAmt |
| Land EOY | $14,579,241 | LandEOYAmt |
| Land EOYFMV | $14,579,241 | LandEOYFMVAmt |
| Other Assets BOY | $38,720,067 | OtherAssetsBOYAmt |
| Other Assets EOY | $38,417,670 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $38,417,670 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $63,774,311 | TotalAssetsBOYAmt |
| Total Assets EOY | $62,091,631 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $62,091,631 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $634,933 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $562,394 | AccountsPayableEOYAmt |
| Deferred Revenue BOY | $1,418,222 | DeferredRevenueBOYAmt |
| Deferred Revenue EOY | $455,399 | DeferredRevenueEOYAmt |
| Other Liabilities BOY | $13,367 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $2,379 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $2,066,522 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,020,172 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $61,707,789 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $61,071,459 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $61,707,789 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $61,071,459 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $63,774,311 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $62,091,631 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $61,707,789 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$637,038 | ExcessRevenueOverExpensesAmt |
| Other Increases | $708 | OtherIncreasesAmt |
| Subtotal | $61,071,459 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $61,071,459 | TotNetAstOrFundBalancesEOYAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $75 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $75 | SubtotalAmt |
| Tax Based On Investment Income | $75 | TaxBasedOnInvestmentIncomeAmt |
| Tax Due | $75 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NJ | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | Yes (true) | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE SEWARD JOHNSON ATELIER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6096891040 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14 FAIRGROUNDS ROAD | AddressLine1Txt |
| City | HAMILTON | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 08619 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | Yes (true) | BusinessHoldingsInd |
| Excess Business Holdings | false | ExcessBusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| MICHAEL GREENLEAF | ||||||
| 14 FAIRGROUNDS RD | HAMILTON | NJ | 08619 | TREASURER | 010.00 | $45,579 |
| CHARLES BERRY | ||||||
| 14 FAIRGROUNDS RD | HAMILTON | NJ | 08619 | DIRECTOR | 000.00 | $0 |
| CAROLYN ROSSIP MALCOLM | ||||||
| 14 FAIRGROUNDS RD | HAMILTON | NJ | 08619 | DIRECTOR | 000.00 | $0 |
| JOHN S JOHNSON III | ||||||
| 14 FAIRGROUNDS RD | HAMILTON | NJ | 08619 | CEO | 010.00 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt |
|---|---|---|---|---|---|---|---|
| PAULA STOEKE | |||||||
| 14 FAIRGROUNDS RD | HAMILTON | NJ | 08619 | CURATOR | 040.00 | $285,024 | |
| CLAIRE BROWN | |||||||
| 14 FAIRGROUNDS RD | HAMILTON | NJ | 08619 | DIRECTOR OF JOHNSON | 040.00 | $142,360 | $8,812 |
| LYNN DECLEMENTE | |||||||
| 14 FAIRGROUNDS RD | HAMILTON | NJ | 08619 | PROGRAM OFFICER | 040.00 | $138,531 | $8,060 |
| DANIEL PLONSKI | |||||||
| 14 FAIRGROUNDS RD | HAMILTON | NJ | 08619 | PROJECT MANAGER | 040.00 | $107,481 | |
| SEN YANG | |||||||
| 14 FAIRGROUNDS RD | HAMILTON | NJ | 08619 | SENIOR ACCOUNTANT | 040.00 | $91,648 | $4,798 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| JFO LLC | |||||
| 1 LAWYERS LANE | HOPEWELL | NJ | 08525 | CONSULTING | $157,680 |
| PATTERSON BELKNAP WEBB TYLER LLP | |||||
| 1133 AVENUE OF THE AMERICAS | NEW YORK | NY | 10036 | LEGAL | $57,042 |
| POWLEY GIBSON | |||||
| 60 HUDSON ST STE 2203 | NEW YORK | NY | 10013 | LEGAL | $56,480 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | PROMOTING APPRECIATION OF ARTWORK THROUGH EXHIBITIONS OF SCULPTURE IN THE PUBLIC DOMAIN FOR PUBLIC VIEWING | Description1Txt |
| Expenses1 | $1,052,622 | Expenses1Amt |
| Description2 | SALE OF ARTWORK TO PUBLIC ENTITIES FOR PUBLIC EXHIBITION | Description2Txt |
| Expenses2 | $753,030 | Expenses2Amt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $95,602 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $590,389 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $685,991 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $685,991 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $10,290 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $675,701 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $33,785 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $33,785 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $75 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $75 | TotalTaxAmt |
| Distributable Before Adj | $33,710 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $33,710 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $33,710 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $3,617,176 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $3,617,176 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $33,710 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $2,570,728 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $4,620,291 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $2,420,638 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $4,359,108 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $4,535,970 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $18,506,735 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $3,617,176 | QualifyingDistributionsAmt |
| Applied To Current Year | $33,710 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $3,583,466 | RemainingDistriFromCorpusAmt |
| Total Corpus | $22,090,201 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $2,570,728 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $19,519,473 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $4,620,291 | ExcessFromYear4Amt |
| Excess From Year3 | $2,420,638 | ExcessFromYear3Amt |
| Excess From Year2 | $4,359,108 | ExcessFromYear2Amt |
| Excess From Year1 | $4,535,970 | ExcessFromYear1Amt |
| Excess From Current Year | $3,583,466 | ExcessFromCurrentYearAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $27,483 | Year1Amt |
| Year2 | $34,133 | Year2Amt |
| Year3 | $42,528 | Year3Amt |
| Total | $104,144 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Year1 | $23,361 | Year1Amt |
| Year2 | $29,013 | Year2Amt |
| Year3 | $36,149 | Year3Amt |
| Total | $88,523 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $3,617,176 | CurrentYearAmt |
| Year1 | $4,563,431 | Year1Amt |
| Year2 | $4,393,240 | Year2Amt |
| Year3 | $2,463,166 | Year3Amt |
| Total | $15,037,013 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $3,617,176 | CurrentYearAmt |
| Year1 | $4,563,431 | Year1Amt |
| Year2 | $4,393,240 | Year2Amt |
| Year3 | $2,463,166 | Year3Amt |
| Total | $15,037,013 | TotalAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $62,091,631 | CurrentYearAmt |
| Year1 | $63,774,311 | Year1Amt |
| Year2 | $65,181,498 | Year2Amt |
| Year3 | $65,913,145 | Year3Amt |
| Total | $256,960,585 | TotalAmt |
Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $61,634,944 | CurrentYearAmt |
| Year1 | $63,363,154 | Year1Amt |
| Year2 | $64,773,475 | Year2Amt |
| Year3 | $65,482,574 | Year3Amt |
| Total | $255,254,147 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $22,523 | CurrentYearAmt |
| Year1 | $18,322 | Year1Amt |
| Year2 | $22,755 | Year2Amt |
| Year3 | $28,352 | Year3Amt |
| Total | $91,952 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $475 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $4,889 | ExclusionAmt |
Net Rntl Incm Re Debt Fincd Prop NetRntlIncmReDebtFincdPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
| Exclusion | $128,040 | ExclusionAmt |
Gross Profit Loss Sls Of Invntry GrossProfitLossSlsOfInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 900099 | BusinessCd |
| Related Or Exempt Function Incm | $183,752 | RelatedOrExemptFunctionIncmAmt |
Other Revenue Described OtherRevenueDescribedGrp (5 entries)
| DescDesc | BusinessBusinessCd | Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt |
|---|---|---|
| EXHIBITION INCOME | 900099 | $276,550 |
| ARTISTIC SERVICE REVENUE | 900099 | $522,454 |
| PUBLIC ENGAGEMENT | 900099 | $49,616 |
| OTHER INCOME | 900099 | $661,020 |
| INVESTMENT IN SUBSIDIARY | 900099 | $146,556 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $133,404 | ExclusionAmt |
| Related Or Exempt Function Incm | $1,839,948 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,973,352 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (10 entries)
| Line NumberLineNumberTxt | Relationship StatementRelationshipStatementTxt |
|---|---|
| 10 | THE FOUNDATION PRODUCES AND SELLS SCULPTURES FOR WHICH SALES ARE RESTRICTED FOR THE |
| CONT. | PURPOSE OF PUBLIC ART AND PUBLIC VIEWING, WHICH SUSTAINS THE FOUNDATION AND ITS CHARITABLE |
| CONT. | AND EDUCATIONAL PROGRAMS |
| 11A | THE FOUNDATION CONDUCTS EXHIBITIONS FOR PUBLIC VIEWING OF SCULPTURES AND ART WHICH |
| CONT. | PROMOTES THE APPRECIATION AND EDUCATION ABOUT SCULPTURE AND PUBLIC ART IN GENERAL |
| 11B | THE FOUNDATION PROVIDES ARTISTIC SERVICES IN THE FORM OF REPAIR WORK OF SCULPTURES FOR |
| CONT. | PUBLIC VIEWING WHICH CONTINUES TO PROMOTE THE APPRECIATION AND EDUCATION ABOUT |
| CONT. | SCULPTURE AND PUBLIC ART IN GENERAL |
| 11C | THE FOUNDATION PROVIDES PUBLIC EDUCATION PROGRAMS TO THE PUBLIC |
| 11E | INVESTMENT IN A FUNCTIONALLY RELATED COMPANY |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | THE ATLANTIC FOUNDATION | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14 FAIRGROUNDS ROAD | AddressLine1Txt |
| City | HAMILTON | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 08619 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $1,910,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | PFK OCONNOR DAVIES, LLP | CategoryTxt |
| Amt | $40,096 | Amt |
| Disbursements Charitable Prps | $40,096 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | SEE ATTACHED SCHEDULE | PropertyDesc |
| Prior Year Depreciation | $617,537 | PriorYearDepreciationAmt |
| Current Year Expense | $611,102 | CurrentYearExpenseAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | INVESTMENT IN SUBSIDIARY | CategoryOrItemTxt |
| Listed At Cost Or FMV | FMV | ListedAtCostOrFMVCd |
| Book Value | $21,231 | BookValueAmt |
| EOYFMV | $21,231 | EOYFMVAmt |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | SEE ATTACHED REPORT | CategoryOrItemTxt |
| Cost Or Other Basis | $20,019,390 | CostOrOtherBasisAmt |
| Accumulated Depreciation | $5,440,149 | AccumulatedDepreciationAmt |
| Book Value | $14,579,241 | BookValueAmt |
| EOYFMV | $14,579,241 | EOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp (3 entries)
| CategoryCategoryTxt | Legal FeesLegalFeesAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| PATTERSON BELKNAP WEBB TYLER LLP | $57,042 | $57,042 |
| POWLEY GIBSON, P.C. | $56,480 | $56,480 |
| MORGAN LEWIS BOCKIUS LLP | $16,058 | $16,058 |
Mortgages And Notes Payable Sch MortgagesAndNotesPayableSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mortgage | $474,600 | MortgageAmt |
Note Payable NotePayableGrp
Lender Name LenderNameGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SMALL BUSINESS ADMINISTRATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Loan Original | $474,600 | LoanOriginalAmt |
| Loan Purpose | PAYROLL PROTECTION PROGRAM | LoanPurposeTxt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (12 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| ART COLLECTION | $34,043,618 | $34,110,257 | $34,110,257 |
| WORK IN PROCESS | $3,186,898 | $2,915,348 | $2,915,348 |
| CHARGER PLATES | $70,319 | $70,319 | $70,319 |
| INTELLECTUAL PROPERTY- BOOKS | $2,500 | ||
| PREPAID EXPENSES- BOOKS | $137,911 | $137,911 | $137,911 |
| BOOKS INVENTORY | $647,553 | $628,394 | $628,394 |
| MERCHANDISE | $10,503 | $10,503 | $10,503 |
| CASTING DISPLAYS | $20,999 | $20,999 | $20,999 |
| MINIATURES | $70,773 | $70,773 | $70,773 |
| GOODWILL | $525,543 | $450,466 | $450,466 |
| EXCHANGE | $3,450 | ||
| PREPAID INSURANCE | $2,700 | $2,700 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (19 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| DIRECT PROJECT COSTS | $494,910 | $494,910 |
| OFFICE SUPPLIES | $46,642 | $46,642 |
| INSURANCE | $140,511 | $140,511 |
| AUTO EXPENSE | $17,000 | $17,000 |
| SHIPPING STORAGE | $12,062 | $12,062 |
| MARKETING | $31,660 | $31,660 |
| SMALL TOOLS ART SUPPLIES | $110,001 | $110,001 |
| BANK CHARGES FEES | $1,453 | $1,453 |
| POSTAGE DELIVERY | $4,243 | $4,243 |
| WEBSITE, INTERNET COMPUTER NETWORK | $64,770 | $64,770 |
| EQUIPMENT RENTAL MAINTENANCE | $87,176 | $87,176 |
| GARBAGE REMOVAL | $11,561 | $11,561 |
| GAS CYLINDER RNETAL | $6,134 | $6,134 |
| AMORTIZATION | $77,577 | $77,577 |
| TELEPHONE | $6,967 | $6,967 |
| LICENSES FEES | $2,101 | $2,101 |
| ADVERTISNG | $4,946 | $4,946 |
| MEALS | $282 | $282 |
| FILING FEES | $268 | $268 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt |
|---|---|
| EXHIBITION INCOME | $276,550 |
| ARTISTIC SERVICE REVENUE | $522,454 |
| PUBLIC ENGAGEMENT | $49,616 |
| OTHER INCOME | $661,020 |
| INVESTMENT IN SUBSIDIARY | -$145,556 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PRIOR PERIOD ADJUSTMENT- CASH BALANCE ON 2022 BALANCE SHEET | Desc |
| Amt | $708 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (3 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| PAYROLL LIABILITIES | $7,861 | |
| SALES TAX PAYABLE | $2,297 | $2,379 |
| LEASE PAYABLE | $3,209 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| JFO,LLC | $157,680 | $157,680 |
| JC MAINTENANCE SOLUTIONS | $28,008 | $28,008 |
| PAYDAY PAYROLL | $3,135 | $3,135 |
| OTHER OUTSIDE SERVICES | $920 | $920 |
Sales Of Inventory List SalesOfInventoryList
Inventory Sale InventorySaleGrp (2 entries)
| CategoryCategoryTxt | Gross SalesGrossSalesAmt | Cost Of Goods SoldCostOfGoodsSoldAmt | NetNetAmt |
|---|---|---|---|
| SCULPTURE | $480,280 | $287,862 | $192,418 |
| BOOKS | $10,493 | $19,159 | -$8,666 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | REAL ESTATE TAXES | CategoryTxt |
| Amt | $23,242 | Amt |
| Disbursements Charitable Prps | $23,242 | DisbursementsCharitablePrpsAmt |