BROAD ART FOUNDATION: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- BROAD ART FOUNDATION (EIN 95-4664939)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-11-14
- IRS object ID
- 202313189349105526
- 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
- Expenditure Responsibility Stmt
- General Explanation Attachment
- Investments Corp Stock Schedule
- Investments Other 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 | 2023-11-14T16:48:29-06:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 911194016 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLARK NUBER PS | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10900 NE 4TH STREET SUITE 1400 | AddressLine1Txt |
| City | BELLEVUE | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98004 | 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 | 954664939 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE BROAD ART FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BROA | BusinessNameControlTxt |
| Phone | 3109545026 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 300 SOUTH GRAND AVENUE 1800 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90071 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JULIE BAKER | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Phone | 3109545026 | PhoneNum |
| Signature | 2023-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | JULIE | PersonFirstNm |
| Person Last | BAKER | 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 | JENNIFER BECKER HARRIS | PreparerPersonNm |
| PTIN | P00183358 | PTIN |
| Phone | 4254544919 | PhoneNum |
| Preparation | 2023-11-13 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | 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 | $1,821,286,731 | 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 | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $3,672 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $4,090 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $3,672 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $961,785 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $2,398,946 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $961,785 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $1,383,289 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $2,595,120 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $0 | NetSTCapitalGainAdjNetIncmAmt |
| Other Income Rev And Expnss | $62,528 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $11,805 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $99 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $2,411,274 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,414,841 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $965,556 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $320,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $320,000 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $119,845 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $0 | OthEmplSlrsWgsAdjNetIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $119,845 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $40,984 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Adj Net Incm | $0 | PensionEmplBnftAdjNetIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $33,830 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $10,836 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $9,815 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $78,678 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $39,339 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $39,339 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $35,319 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $300,742 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $134,090 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $134,090 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $170,617 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $8,500 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $1 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $8,500 | TaxesDsbrsChrtblAmt |
| Occupancy Rev And Expnss | $1,493 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $0 | OccupancyNetInvstIncmAmt |
| Occupancy Adj Net Incm | $0 | OccupancyAdjNetIncmAmt |
| Occupancy Dsbrs Chrtbl | $1,578 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $41,713 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Adj Net Incm | $0 | TravConfMeetingAdjNetIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $42,312 | TravConfMeetingDsbrsChrtblAmt |
| Printing And Pub Rev And Expnss | $351 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Net Invst Incm | $0 | PrintingAndPubNetInvstIncmAmt |
| Printing And Pub Adj Net Incm | $0 | PrintingAndPubAdjNetIncmAmt |
| Printing And Pub Dsbrs Chrtbl | $351 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $1,005,394 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $208,278 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $9,336 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $1,004,388 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,928,536 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $381,708 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $182,765 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,746,555 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $2,739,676 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $12,180,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $4,668,212 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $381,708 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $182,765 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $13,926,555 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$2,256,938 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $2,033,133 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $782,791 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $36,456 | CashBOYAmt |
| Cash EOY | $84,423 | CashEOYAmt |
| Cash EOYFMV | $84,423 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $108,342,880 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $56,565,045 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $56,565,045 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $293,140 | AcctRcvblAmt |
| Acct Rcvbl EOY | $293,140 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $293,140 | AcctRcvblEOYFMVAmt |
| Pledges Rcvbl BOY | $28,000,000 | PledgesRcvblBOYAmt |
| Prepaid Expenses BOY | $110,132 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $5,200,000 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $5,200,000 | PrepaidExpensesEOYFMVAmt |
| Corporate Stock BOY | $1,857,309 | CorporateStockBOYAmt |
| Corporate Stock EOY | $9,455,997 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $9,455,997 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $38,509,787 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $47,047,101 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $47,047,101 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $551,010,488 | OtherAssetsBOYAmt |
| Other Assets EOY | $593,003,488 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $1,702,641,025 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $727,867,052 | TotalAssetsBOYAmt |
| Total Assets EOY | $711,649,194 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $1,821,286,731 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $58,965 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $92,145 | AccountsPayableEOYAmt |
| Grants Payable BOY | $21,440,324 | GrantsPayableBOYAmt |
| Grants Payable EOY | $12,000,000 | GrantsPayableEOYAmt |
| Other Liabilities BOY | $155,997 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $93,568 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $21,655,286 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $12,185,713 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $706,211,766 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $699,463,481 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $706,211,766 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $699,463,481 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $727,867,052 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $711,649,194 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $706,211,766 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$2,256,938 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $703,954,828 | SubtotalAmt |
| Other Decreases | $4,491,347 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $699,463,481 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| PASS THROUGH INVESTMENTS | P | 2021-01-01 | 2022-12-31 | $1,979,965 | $2,053,281 | -$73,316 | -$73,316 |
| ALTERNATIVE INVESTMENTS (LONG TERM) | P | 2021-01-01 | 2022-12-31 | $615,155 | $615,155 | $0 | $0 |
| PASS THRU INVESTMENTS DISTRIB IN EXCESS OF BASIS | P | 2021-01-01 | 2022-12-31 | $8,010 | $8,010 | $8,010 | |
| TERMINATION OF PRIME FINANCE PARTNERS III, LP | P | 2021-01-01 | 2022-03-31 | $27,032 | $331,642 | -$304,610 | -$304,610 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$369,916 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $0 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $28,261 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $28,261 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $28,261 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $60,798 | 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 | $60,798 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $32,537 | OverpaymentAmt |
| Applied To ES Tax | $32,537 | 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 | Yes (1) | 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 | N/A | WebsiteAddressTxt |
| Individual With Books | JULIE BAKER FOFS | IndividualWithBooksNm |
| Phone | 3109545026 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 300 SOUTH GRAND AVENUE SUITE 1800 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90071 | 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 | Yes (1) | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | 0 | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (1) | MaintainedExpenditureRspnsInd |
| 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 (4 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 |
|---|---|---|---|---|---|---|---|---|
| EDYTHE BROAD | ||||||||
| 300 SOUTH GRAND AVENUE SUITE 1800 | LOS ANGELES | CA | 90071 | TRUSTEE | 2.00 | $0 | $0 | $0 |
| JOANNE HEYLER | ||||||||
| 300 SOUTH GRAND AVENUE SUITE 1800 | LOS ANGELES | CA | 90071 | TRUSTEE, DIRECTOR/CHIEF CURATOR | 20.00 | $320,000 | $10,980 | $0 |
| GERUN RILEY | ||||||||
| 300 SOUTH GRAND AVENUE SUITE 1800 | LOS ANGELES | CA | 90071 | TRUSTEE | 2.00 | $10,000 | $357 | $0 |
| JULIE BAKER | ||||||||
| 300 SOUTH GRAND AVENUE SUITE 1800 | LOS ANGELES | CA | 90071 | TRUSTEE | 2.00 | $22,500 | $1,745 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ALYSA GERLACH | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 300 SOUTH GRAND AVENUE SUITE 1800 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90071 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | COO (PART YEAR) | TitleTxt |
| Average Hrs Per Wk Devoted To Pos | 6.00 | AverageHrsPerWkDevotedToPosRt |
| Compensation | $53,957 | CompensationAmt |
| Employee Benefits | $2,928 | EmployeeBenefitsAmt |
| Expense Account | $0 | ExpenseAccountAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| FAMILY OFFICE FINANCIAL SERVICES | |||||
| 300 SOUTH GRAND AVENUE SUITE 1800 | LOS ANGELES | CA | 90071 | ACCTG, TAX, TECHNOLOGY & HR | $170,617 |
| FAMILY OFFICE INVESTMENT SERVICES LLC | |||||
| 300 SOUTH GRAND AVENUE SUITE 1800 | LOS ANGELES | CA | 90071 | INVESTMENT MGT | $124,454 |
| ERNST & YOUNG LLP | |||||
| 200 PLAZA DRIVE | SECAUCUS | NJ | 07094 | ACCOUNTING AND FINANCE | $50,819 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | ART ACQUISITION FOR LOAN PROGRAM | Description1Txt |
| Expenses1 | $44,193,000 | Expenses1Amt |
| Description2 | ART EXHIBITION, STUDY, AND LOAN PROGRAM (SEE ATTACHED DESCRIPTION OF ACTIVITIES) | Description2Txt |
| Expenses2 | $1,746,555 | Expenses2Amt |
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 | $8,635,493 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $80,737,756 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $45,351,322 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $134,724,571 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $134,724,571 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $2,020,869 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $132,703,702 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $6,635,185 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $13,926,555 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $44,193,000 | CharitableAssetsAcquisPaidAmt |
| Qualifying Distributions | $58,119,555 | QualifyingDistributionsAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Fndtn Ruling | 1998-04-30 | PrivateOperatingFndtnRulingDt |
| Section4942j3 | Yes (X) | Section4942j3Ind |
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $782,791 | CurrentYearAmt |
| Year1 | $49,500 | Year1Amt |
| Year2 | $463,320 | Year2Amt |
| Year3 | $1,142,545 | Year3Amt |
| Total | $2,438,156 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $665,372 | CurrentYearAmt |
| Year1 | $42,075 | Year1Amt |
| Year2 | $393,822 | Year2Amt |
| Year3 | $971,163 | Year3Amt |
| Total | $2,072,433 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $58,119,555 | CurrentYearAmt |
| Year1 | $18,470,353 | Year1Amt |
| Year2 | $17,277,216 | Year2Amt |
| Year3 | $39,676,596 | Year3Amt |
| Total | $133,543,720 | TotalAmt |
Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $12,180,000 | CurrentYearAmt |
| Year1 | $12,087,500 | Year1Amt |
| Year2 | $12,167,500 | Year2Amt |
| Year3 | $12,535,908 | Year3Amt |
| Total | $48,970,908 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $45,939,555 | CurrentYearAmt |
| Year1 | $6,382,853 | Year1Amt |
| Year2 | $5,109,716 | Year2Amt |
| Year3 | $27,140,688 | Year3Amt |
| Total | $84,572,812 | TotalAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $4,423,457 | CurrentYearAmt |
| Year1 | $2,995,195 | Year1Amt |
| Year2 | $2,245,221 | Year2Amt |
| Year3 | $2,664,087 | Year3Amt |
| Total | $12,327,960 | TotalAmt |
Total Support TotalSupportGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Public Support Type PublicSupportType
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Largest Support From EO LargestSupportFromEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Gross Investment Income GrossInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | EDYTHE BROAD | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| 826LA | ||||||
| 1714 WEST SUNSET BOULEVARD | LOS ANGELES | CA | 90026 | PC | GENERAL SUPPORT | $5,000 |
| HAMMER MUSEUM | ||||||
| 10899 WILSHIRE BOULEVARD | LOS ANGELES | CA | 90024 | PC | GENERAL SUPPORT | $25,000 |
| LOS ANGELES COUNTY MUSEUM OF ART | ||||||
| 5905 WILSHIRE BOULEVARD | LOS ANGELES | CA | 90036 | PC | EXHIBITION SUPPORT | $75,000 |
| MUSEUM OF CONTEMPORARY ART | ||||||
| 250 S GRAND AVE | LOS ANGELES | CA | 90012 | PC | GENERAL SUPPORT | $25,000 |
| PORTLAND ART MUSEUM | ||||||
| 1219 SW PARK AVE | PORTLAND | OR | 97205 | PC | EXHIBITION SUPPORT | $50,000 |
| THE BROAD | ||||||
| 300 SOUTH GRAND AVENUE SUITE 1800 | LOS ANGELES | CA | 90071 | POF | OPERATING SUPPORT | $12,000,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $12,180,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $3,672 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $961,785 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 15 | ExclusionCd |
| Exclusion | $99 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $1,383,289 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEFERRED TAX BENEFIT | Desc |
| Exclusion | 01 | ExclusionCd |
| Exclusion | $62,429 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $2,411,274 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $2,411,274 | 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 FEES | CategoryTxt |
| Amt | $78,678 | Amt |
| Net Investment Income | $39,339 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $39,339 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $35,319 | DisbursementsCharitablePrpsAmt |
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | GrantGrantDt | GrantGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Expended By GranteeExpendedByGranteeAmt | Any Diversion By GranteeAnyDiversionByGranteeTxt | Dates Of Reports By GranteeDatesOfReportsByGranteeTxt |
|---|---|---|---|---|---|---|---|---|---|
| THE BROAD | |||||||||
| 300 SOUTH GRAND AVENUE SUITE 1800 | LOS ANGELES | CA | 90071 | 2021-12-31 | $12,000,000 | OPERATING SUPPORT | $12,000,000 | TO OUR KNOWLEDGE, NO FUNDS HAVE BEEN DIVERTED | 06/23/22 |
| THE BROAD | |||||||||
| 300 SOUTH GRAND AVENUE SUITE 1800 | LOS ANGELES | CA | 90071 | 2022-12-31 | $12,000,000 | OPERATING SUPPORT | $12,000,000 | TO OUR KNOWLEDGE, NO FUNDS HAVE BEEN DIVERTED | 06/27/23 |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp (3 entries)
| IdentifierIdentifierTxt | Form And Line ReferenceFormAndLineReferenceDesc | Medium ExplanationMediumExplanationTxt |
|---|---|---|
| SUMMARY OF DIRECT CHARITABLE ACTIVITIES | FORM 990-PF, PART IX-A | THE BROAD ART FOUNDATION IS A PRIVATE OPERATING FOUNDATION CREATED IN 1984 (ON JULY 1, 1999, BASED ON AN IRS RULING RECEIVED 4/30/98, ALL THE ASSETS OF THE ELI BROAD FAMILY FOUNDATION WERE TRANSFERRED TO A NEWLY FORMED TRUST, THE BROAD ART FOUNDATION). THE PURPOSE OF THE FOUNDATION IS TO BUILD A COLLECTION OF CONTEMPORARY ART FOR LOAN TO MUSEUMS AND UNIVERSITY AND COLLEGE ART GALLERIES. NOW IN ITS THIRTY-EIGHT YEAR OF ACTIVITY, THE FOUNDATION IS AN EDUCATIONAL AND LENDING RESOURCE PROMOTING KNOWLEDGE AND APPRECIATION OF THE BEST OF CONTEMPORARY ART AND FACILITATING THE EXHIBITION PROGRAMMING OF EXISTING ART INSTITUTIONS.THE COLLECTIONTHROUGH THE SELECTIVE ACQUISITION OF KEY WORKS OF CONTEMPORARY ART, THE FOUNDATION CONTINUES ITS ONGOING COMMITMENT TO THE GROWTH OF ITS COLLECTION. TARGETING LATE 20TH AND EARLY 21ST CENTURY ARTISTIC DEVELOPMENTS, THE FOUNDATION STRIVES TO COLLECT WORKS OF UNPARALLELED IMPORTANCE IN THE RECENT HISTORY OF AMERICAN ART. DURING 2022, THE FOUNDATION BROADENED ITS HOLDINGS OF SEVERAL KEY ARTISTS, INCLUDING SHIRIN NESHAT, MARK GROTJAHN AND MICKALENE THOMAS. THE NUMBER OF WORKS IN THE COLLECTION TOTALS 1,496. PUBLIC ACCESSIBILITYTHE FOUNDATION MOVED FROM ITS ORIGINAL OFFICE AND EXHIBITION SPACE, WHICH IT HAD OCCUPIED SINCE 1988, INTO ITS NEW HEADQUARTERS AT THE BROAD MUSEUM IN DOWNTOWN LOS ANGELES ON MAY 15, 2015. IN ITS ORIGINAL SPACE, THE FOUNDATION HAD LIMITED ABILITY TO MAKE ITS ARTWORKS AVAILABLE FOR VIEW EITHER TO THE PUBLIC OR TO ART PROFESSIONALS. THE SPACE WAS NOT LARGE ENOUGH TO HOLD ALL THE WORKS IN THE COLLECTION, SO MOST WERE STORED IN CRATES OFF SITE. THIS MEANT THAT MUSEUM PERSONNEL WISHING TO BORROW OR SCHOLARS WISHING TO STUDY WORKS OF ART EITHER HAD TO WORK FROM PHOTOGRAPHS OR THAT FOUNDATION STAFF HAD TO GO TO A STORAGE FACILITY, UNCRATE THE ARTWORK AND BRING THE ART PROFESSIONAL TO SEE IT, SOMETHING THAT WAS INEFFICIENT AND NOT OPTIMAL FOR THE PRESERVATION OF THE ART. FURTHER, THE ORIGINAL BUILDING WAS A PRIVATE FACILITY OPEN ONLY BY APPOINTMENT. WITH ITS MOVE TO THE BROAD, THE FOUNDATION IMMEDIATELY AND SIGNIFICANTLY INCREASED THE ACCESSIBILITY OF THE COLLECTION. THE GALLERIES OF THE BROAD MUSEUM DISPLAY A LARGE NUMBER OF LOANS FROM THE BROAD ART FOUNDATION, ALLOWING BOTH THE PUBLIC AND ART PROFESSIONALS TO SEE THE WORKS FIRSTHAND, IN SITU. IN ADDITION, THE BROAD WAS DELIBERATELY DESIGNED WITH STATE-OF-THE-ART, ON-SITE STORAGE FACILITIES THAT ALLOW CONSOLIDATION OF THE COLLECTION UNDER ONE ROOF AND PERMIT ART PROFESSIONALS EASILY AND EFFICIENTLY TO VIEW THE ORIGINAL WORKS. THE GREATLY ENHANCED ACCESSIBILITY SERVES TO ENCOURAGE THE STUDY AND LENDING OF WORKS FROM THE BROAD ART FOUNDATION COLLECTION TO OTHER PUBLIC INSTITUTIONS.LOAN ACTIVITYTHE CENTERPIECE OF THE FOUNDATION'S ACTIVITIES IS ITS LENDING PROGRAM. IN 2022, IN ADDITION TO THE BROAD, 18 PUBLIC VENUES AVAILED THEMSELVES OF 110 FOUNDATION LOANS. AMONG THE MAJOR MUSEUMS AND ARTS INSTITUTIONS BORROWING FROM THE FOUNDATION WERE: LOS ANGELES COUNTY MUSEUM OF ART, MINNEAPOLIS INSTITUTE OF ARTS, MUSEO JUMEX, MUSEU DE ARTE CONTEMPORANEA DE SERRALVES, NATIONAL UNDERGROUND RAILROAD FREEDOM CENTER, THE JEWISH MUSEUM, PHILADELPHIA MUSEUM OF ART, WHITNEY MUSEUM OF AMERICAN ART. |
| FORM 990PF, PART VII-B, LINE 1A(3) | STATEMENTS REGARDING ACTIVITIES FOR WHICH FORM 4720 MAY BE REQUIREDPART VII-B, LINE 1A(3)THERE ARE DISQUALIFIED PERSONS WHO FURNISH THE FOUNDATION WITH IN-KIND SERVICES IN ORDER TO GOVERN THE FOUNDATION'S CHARITABLE ACTIVITIES. THE SERVICES ARE PROVIDED FREE OF CHARGE. THESE ACTIVITIES ARE NOT AN ACT OF SELF-DEALING AS CODIFIED IN IRC SECTION 4941(D)(2)(C). | |
| FORM 990PF, PART VII, LINE 1 AND 3 | PER THE FORM INSTRUCTIONS, AN ALLOCATION OF TRUSTEE SALARIES HAVE BEEN DISCLOSED ON PART VII, LINE 1 WHICH ARE PAID BY THE FOUNDATION TO FAMILY OFFICE FINANCIAL SERVICES THROUGH A SERVICES AGREEMENT. THE COMPENSATION IS FOR SERVICES THE TRUSTEES PROVIDE TO THE FOUNDATION SEPARATE FROM THEIR DUTIES AS A TRUSTEE. NO ADJUSTMENTS HAVE BEEN MADE TO THE AMOUNTS ON PART I LINE 13 OR PART VII LINE 3. |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| STREETTRACKS GOLD TRUST | $1,842,969 | $1,842,969 |
| SANDS GLOBAL GROWTH | $7,613,028 | $7,613,028 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (6 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| INTERNATIONAL FIXED INCOME | FMV | $21,411,969 | $21,411,969 |
| DISTRESSED - PRIVATE EQUITY | FMV | $10,531,787 | $10,531,787 |
| REAL ESTATE AND HARD ASSETS | FMV | $347,335 | $347,335 |
| VENTURE CAPITAL | FMV | $60,347 | $60,347 |
| SECONDARIES | FMV | $1,788,044 | $1,788,044 |
| DOMESTIC EQUITY | FMV | $12,907,619 | $12,907,619 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $10,836 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $9,815 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (3 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| CURRENT ASSETS - ART | $5,200,000 | $0 | $0 |
| FINE ARTS COLLECTION AND ART LIBRARY | $545,810,488 | $590,003,488 | $1,699,641,025 |
| UNSETTLED TRADE | $0 | $3,000,000 | $3,000,000 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED GAIN/LOSS | Desc |
| Amt | $4,491,347 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (12 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| ART STORAGE | $390,333 | $0 | $0 | $386,919 |
| PAYROLL SERVICE | $973 | $0 | $0 | $973 |
| SHIPPING | $63,013 | $0 | $0 | $55,682 |
| INSURANCE | $250,333 | $0 | $0 | $269,472 |
| BANK FEES | $9,336 | $9,336 | $9,336 | $0 |
| PASS THROUGH OTHER INVESTMENT EXPENSES | $0 | $198,942 | $0 | $0 |
| POSTAGE & DELIVERY | $237 | $0 | $0 | $212 |
| SUPPLIES | $418 | $0 | $0 | $418 |
| LOCAL TRANSPORTATION | $1,194 | $0 | $0 | $1,155 |
| APPRAISAL | $155,225 | $0 | $0 | $155,225 |
| ART CONSERVATION & CARE | $133,537 | $0 | $0 | $133,537 |
| MEMBERSHIP DUES & PROFESSIONAL LICENSES | $795 | $0 | $0 | $795 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| PASS THROUGH OTHER INV INC. | $0 | $11,706 | $0 |
| ROYALTIES | $99 | $99 | $99 |
| DEFERRED TAX BENEFIT | $62,429 | $0 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEFERRED TAX LIABILITY | Desc |
| BOY Book Value | $155,997 | BOYBookValueAmt |
| EOY Book Value | $93,568 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | $134,090 | $134,090 | $134,090 | $0 |
| PROFESSIONAL SERVICE FEES | $166,652 | $0 | $0 | $170,617 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| EXCISE TAXES | $7,500 | $0 | $0 | $7,500 |
| STATE TAXES | $1,000 | $0 | $0 | $1,000 |
| FOREIGN TAXES | $0 | $1 | $0 | $0 |