THE MIKE KELLEY FOUNDATION FOR THE ARTS: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- THE MIKE KELLEY FOUNDATION FOR THE ARTS (EIN 30-0434789)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-08-16
- IRS object ID
- 202312289349100811
- Schema version
- 2022v5.0
- 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
- Accounting Fees Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-08-16T11:43:52-05:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 951777440 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GREEN HASSON & JANKS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 700 SOUTH FLOWER STREET SUITE 3300 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90017 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 300434789 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE MIKE KELLEY FOUNDATION FOR THE ARTS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MIKE | BusinessNameControlTxt |
| Phone | 3232577853 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7019 N FIGUEROA ST | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90042 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ED RADA | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 3232577853 | PhoneNum |
| Signature | 2023-08-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | ED | PersonFirstNm |
| Person Last | RADA | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LIZBETH G NEVAREZ | PreparerPersonNm |
| PTIN | P01399868 | PTIN |
| Phone | 3108731600 | PhoneNum |
| Preparation | 2023-08-02 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $84,343,550 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $567,602 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $567,602 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$67,558 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $10,572,144 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $40,447 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $7,545 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $540,491 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $575,147 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $191,921 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $4,423 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $187,498 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $564,700 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $4,738 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $559,461 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $156,915 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $138,938 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $8,951 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $6,687 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $113,145 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $11,315 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $107,580 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $146,065 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $108,526 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $45,486 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $869 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $755 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $33,604 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Occupancy Rev And Expnss | $80,054 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $0 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $77,416 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $57,326 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $63,500 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $257,155 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $285,432 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,610,705 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $129,002 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,472,753 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $440,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $440,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,050,705 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $129,002 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,912,753 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$1,510,214 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $446,145 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $324,415 | CashBOYAmt |
| Cash EOY | $217,369 | CashEOYAmt |
| Cash EOYFMV | $217,369 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $501 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $529,050 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $529,050 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $67,196 | AcctRcvblAmt |
| Acct Rcvbl BOY | $85,070 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $67,196 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $67,196 | AcctRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $47,437 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $45,352 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $45,352 | PrepaidExpensesEOYFMVAmt |
| Corporate Stock BOY | $18,411,429 | CorporateStockBOYAmt |
| Corporate Stock EOY | $12,762,934 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $12,762,934 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $0 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $5,152,025 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $5,152,025 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $7,965,121 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $1,926,500 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $1,926,500 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $1,245,591 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $448,739 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $780,507 | LandBOYAmt |
| Land EOY | $796,852 | LandEOYAmt |
| Land EOYFMV | $796,852 | LandEOYFMVAmt |
| Other Assets BOY | $62,991,238 | OtherAssetsBOYAmt |
| Other Assets EOY | $62,846,272 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $62,846,272 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $90,605,718 | TotalAssetsBOYAmt |
| Total Assets EOY | $84,343,550 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $84,343,550 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $105,551 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $68,871 | AccountsPayableEOYAmt |
| Other Liabilities BOY | $232,741 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $0 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $338,292 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $68,871 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $90,267,426 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $84,274,679 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $90,267,426 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $84,274,679 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $90,605,718 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $84,343,550 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $90,267,426 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$1,510,214 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $88,757,212 | SubtotalAmt |
| Other Decreases | $4,482,533 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $84,274,679 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|---|---|
| SALE OF INVESTMENTS | 2022-01-01 | 2022-12-31 | $9,537,556 | $10,339,336 | -$801,780 | -$801,780 | |
| CAPITAL GAIN DIVIDENDS | 2022-01-01 | 2022-12-31 | $191,313 | $191,313 | $191,313 | P | |
| SALE OF ARTWORK | 2022-01-01 | 2022-12-31 | $843,275 | $300,366 | $542,909 | $542,909 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$67,558 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $6,201 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $6,201 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $6,201 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $9,632 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $9,632 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $27 | EsPenaltyAmt |
| Overpayment | $3,404 | OverpaymentAmt |
| Applied To ES Tax | $3,404 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | MIKEKELLEYFOUNDATION.ORG | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARY CLARE STEVENS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3232577853 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7019 N FIGUEROA ST | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90042 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | Yes (1) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (9 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| MARY CLARE STEVENS | ||||||||
| 7019 N FIGUEROA ST | LOS ANGELES | CA | 90042 | EXECUTIVE DIRECTOR | 50.00 | $181,058 | $10,863 | $0 |
| MIWON KWON | ||||||||
| 7019 N FIGUEROA ST | LOS ANGELES | CA | 90042 | CHAIRMAN | 1.00 | $0 | $0 | $0 |
| CLAIRE PEEPS | ||||||||
| 7019 N FIGUEROA ST | LOS ANGELES | CA | 90042 | SECRETARY | 1.00 | $0 | $0 | $0 |
| ED RADA | ||||||||
| 7019 N FIGUEROA ST | LOS ANGELES | CA | 90042 | TREASURER | 1.00 | $0 | $0 | $0 |
| GARY SIMMONS | ||||||||
| 7019 N FIGUEROA ST | LOS ANGELES | CA | 90042 | BOARD MEMBER | 1.00 | $0 | $0 | $0 |
| PILAR TOMPKINS RIVAS | ||||||||
| 7019 N FIGUEROA ST | LOS ANGELES | CA | 90042 | BOARD MEMBER | 1.00 | $0 | $0 | $0 |
| CONNIE BUTER | ||||||||
| 7019 N FIGUEROA ST | LOS ANGELES | CA | 90042 | BOARD MEMBER | 1.00 | $0 | $0 | $0 |
| ELIZABETH ARMSTRONG | ||||||||
| 7019 N FIGUEROA ST | LOS ANGELES | CA | 90042 | BOARD MEMBER | 1.00 | $0 | $0 | $0 |
| GLENN KAINO | ||||||||
| 7019 N FIGUEROA ST | LOS ANGELES | CA | 90042 | BOARD MEMBER | 1.00 | $0 | $0 | $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 | Expense AccountExpenseAccountAmt |
|---|---|---|---|---|---|---|---|---|
| MARK LIGHTCAP | ||||||||
| 7019 N FIGUEROA ST | LOS ANGELES | CA | 90042 | COLLECTIONS MANAGER | 40.00 | $90,917 | $5,455 | $0 |
| MICHELLE MORENO | ||||||||
| 7019 N FIGUEROA ST | LOS ANGELES | CA | 90042 | DIRECTOR OF OPERATIO | 40.00 | $92,000 | $2,760 | $0 |
| MARY HABERLE | ||||||||
| 7019 N FIGUEROA ST | LOS ANGELES | CA | 90042 | DIRECTOR OF ARCHIVES | 40.00 | $84,369 | $5,058 | $0 |
| LORI DEDEYAN | ||||||||
| 7019 N FIGUEROA ST | LOS ANGELES | CA | 90042 | ARCHIVIST | 40.00 | $66,732 | $4,004 | $0 |
| ROCHELE GOMEZ | ||||||||
| 7019 N FIGUEROA ST | LOS ANGELES | CA | 90042 | GRANTS MANAGER | 40.00 | $65,646 | $3,939 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JP MORGAN | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2029 CENTURY PARK EAST 39TH FLOOR | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90067 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | INVESTMENT ADVISORY | ServiceTypeTxt |
| Compensation | $93,526 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $19,927,931 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $484,708 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $6,055,477 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $26,468,116 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $26,468,116 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $397,022 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $26,071,094 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,303,555 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,303,555 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $6,201 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $6,201 | TotalTaxAmt |
| Distributable Before Adj | $1,297,354 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $1,297,354 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $1,297,354 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,912,753 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,912,753 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,297,354 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr4 | $29,303 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $320,339 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $370,646 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $96,412 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $816,700 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,912,753 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $1,297,354 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $615,399 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $1,432,099 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $1,432,099 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $29,303 | ExcessFromYear4Amt |
| Excess From Year3 | $320,339 | ExcessFromYear3Amt |
| Excess From Year2 | $370,646 | ExcessFromYear2Amt |
| Excess From Year1 | $96,412 | ExcessFromYear1Amt |
| Excess From Current Year | $615,399 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | THE ORGANIZATION | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7019 N FIGUEROA ST | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90042 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 3232577856 | RecipientPhoneNum |
| Form And Info And Materials | PLEASE SEE THE FOUNDATION'S WEBSITE FOR DETAIL | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | OCTOBER 31ST OF EACH YEAR | SubmissionDeadlinesTxt |
| Restrictions On Awards | MUST BE SPENT ON ART RELATED ACTIVITIES: EDUCATION, PROMOTION, AND ADVANCEMENT OF ARTS. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (20 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| MUSEUM OF CONTEMPORARY ART DETROIT | ||||||
| 4454 WOODWARD AVENUE | DETROIT | MI | 48201 | PC | OPERATIONAL SUPPORT | $35,000 |
| HIGHWAYS INC DBA HIGHWAYS PERFORMANCE SPACE & GALLERY | ||||||
| 1651 18TH STREET | SANTA MONICA | CA | 90404 | PC | OPERATIONAL SUPPORT | $30,000 |
| LOS ANGELES CONTEMPORARY EXHIBITIONS | ||||||
| 6522 HOLLYWOOD BLVD | LOS ANGELES | CA | 90028 | PC | OPERATIONAL SUPPORT | $30,000 |
| WOMEN'S CENTER FOR CREATIVE WORK | ||||||
| 1800 S BRAND BLVD SUITE 111 | GLENDALE | CA | 91204 | PC | OPERATIONAL SUPPORT | $30,000 |
| ARMORY CENTER FOR THE ARTS | ||||||
| 145 NORTH RAYMOND AVENUE | PASADENA | CA | 91103 | PC | OPERATIONAL SUPPORT | $26,500 |
| BEYOND BAROQUE FOUNDATION | ||||||
| 681 N VENICE BLVD | VENICE | CA | 90291 | PC | OPERATIONAL SUPPORT | $25,000 |
| 18TH STREET ARTS CENTER | ||||||
| 1639 18TH STREET | SANTA MONICA | CA | 90404 | PC | OPERATIONAL SUPPORT | $25,000 |
| LA FREEWAVES | ||||||
| 840 LAVETA TERRACE | LOS ANGELES | CA | 90026 | PC | OPERATIONAL SUPPORT | $25,000 |
| CLOCKSHOP | ||||||
| 2806 CLEARWATER STREET | LOS ANGELES | CA | 90039 | PC | OPERATIONAL SUPPORT | $25,000 |
| LOS ANGELES POVERTY DEPARTMENT | ||||||
| PO BOX 26190 | LOS ANGELES | CA | 90026 | PC | OPERATIONAL SUPPORT | $25,000 |
| LAXART | ||||||
| 7000 SANTA MONICA BOULEVARD | WEST HOLLYWOOD | CA | 90038 | PC | OPERATIONAL SUPPORT | $20,000 |
| SANTA MONICA MUSEUM OF ART DBA INSTITUTE OF CONTEMPORARY ART LOS ANGELES | ||||||
| 1717 E 7TH STREET | LOS ANGELES | CA | 90021 | PC | OPERATIONAL SUPPORT | $20,000 |
| SIDE STREET PROJECTS | ||||||
| PO BOX 90432 | PASADENA | CA | 91109 | PC | OPERATIONAL SUPPORT | $20,000 |
| CENTER FOR THE STUDY OF POLITICAL GRAPHICS | ||||||
| 3916 SEPULVEDA BLVD SUITE 103 | CULVER CITY | CA | 90230 | PC | OPERATIONAL SUPPORT | $20,000 |
| PIETER PERFORMANCE SPACE | ||||||
| 942 MIRA VALLE ST | MONTEREY PARK | CA | 91754 | PC | OPERATIONAL SUPPORT | $20,000 |
| FULCRUM ARTSHOMELA | ||||||
| 145 NORTH RAYMOND AVENUE | PASADENA | CA | 91103 | PC | OPERATIONAL SUPPORT | $20,000 |
| JOAN LOS ANGELES | ||||||
| 1206 MAPLE AVE STE 715 | LOS ANGELES | CA | 90015 | PC | OPERATIONAL SUPPORT | $15,000 |
| CRAFT CONTEMPORARY | ||||||
| 5814 WILSHIRE BLVD | LOS ANGELES | CA | 90036 | PC | OPERATIONAL SUPPORT | $13,500 |
| ACTIVE CULTURES | ||||||
| 930 S SERRANO AVENUE | LOS ANGELES | CA | 90006 | PC | OPERATIONAL SUPPORT | $10,000 |
| THE ASPEN INSTITUTE | ||||||
| 2300 N STREET NORTHWEST SUITE 700 | WASHINGTON | DC | 20037 | PC | OPERATIONAL SUPPORT | $5,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $440,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $567,602 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 15 | ExclusionCd |
| Exclusion | $7,545 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$67,558 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INCOME | Desc |
| Exclusion | 01 | ExclusionCd |
| Exclusion | $32,902 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $540,491 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $540,491 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING | CategoryTxt |
| Amt | $113,145 | Amt |
| Net Investment Income | $11,315 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $107,580 | DisbursementsCharitablePrpsAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | FIXED INCOME | BondNm |
| EOY Book Value | $5,152,025 | EOYBookValueAmt |
| EOYFMV | $5,152,025 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (5 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| US EQUITIES | $8,430,633 | $8,430,633 |
| EAFE EQUITIES | $1,204,883 | $1,204,883 |
| INTERNATIONAL EQUITIES | $1,260,374 | $1,260,374 |
| EMERGING MARKETS EQUITIES | $1,574,798 | $1,574,798 |
| GLOBAL EQUITIES | $292,246 | $292,246 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | ALTERNATIVE ASSETS | CategoryOrItemTxt |
| Listed At Cost Or FMV | FMV | ListedAtCostOrFMVCd |
| Book Value | $1,926,500 | BookValueAmt |
| EOYFMV | $1,926,500 | EOYFMVAmt |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| LAND | $384,263 | $0 | $384,263 | $384,263 |
| BUILDINGS | $565,330 | $196,455 | $368,875 | $368,875 |
| LEASEHOLD IMPROVEMENTS | $4,177 | $4,177 | $0 | |
| EQUIPMENT | $291,821 | $248,107 | $43,714 | $43,714 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL | CategoryTxt |
| Legal Fees | $8,951 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $6,687 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| ARTWORK | $62,983,624 | $62,832,657 | $62,832,657 |
| DEPOSITS | $7,614 | $13,615 | $13,615 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED LOSS | Desc |
| Amt | $4,482,533 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (8 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INSURANCE | $105,404 | $0 | $120,728 |
| INFORMATION TECHNOLOGY | $62,806 | $0 | $62,154 |
| OFFICE EXPENSE | $37,048 | $0 | $57,351 |
| PUBLIC RELATIONS | $20,648 | $0 | $15,198 |
| MISCELLANEOUS | $14,423 | $0 | $12,829 |
| REPAIRS & MAINTENANCE | $9,991 | $0 | $10,188 |
| DUES & SUBSCRIPTIONS | $6,365 | $0 | $6,365 |
| LICENSES & PERMITS | $470 | $0 | $619 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| ROYALTIES | $7,545 | $7,545 | $7,545 |
| OTHER INCOME | $32,902 | $32,902 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| DEFERRED REVENUE | $189,367 | $0 |
| DEFERRED EXCISE TAX | $43,374 | $0 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | $108,526 | $108,526 | $0 |
| OTHER PROFESSIONAL FEES | $37,539 | $0 | $45,486 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FILING FEE | $250 | $0 | $168 |
| PROPERTY TAXES | $619 | $0 | $587 |