SEWARD JOHNSON ATELIER INC: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- SEWARD JOHNSON ATELIER INC (EIN 45-5246642)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-11-14
- IRS object ID
- 202333189349102173
- 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
- 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 Liabilities Schedule
- Other Professional Fees Schedule
- Sales Of Inventory List
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-11-14T01:53:24-00:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | 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 | CRAIG INGWER | PersonNm |
| Person Title | CHIEF FINANCIAL OFFICER | PersonTitleTxt |
| Phone | 6096891040 | PhoneNum |
| Signature | 2023-09-13 | SignatureDt |
| Discuss With Paid Preparer | false | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | CRAIG | PersonFirstNm |
| Person Last | INGWER | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
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 | $63,774,311 | 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 | $2,300,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $1,563 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $1,563 | InterestOnSavNetInvstIncmAmt |
| Gross Rents Rev And Expnss | $99,485 | GrossRentsRevAndExpnssAmt |
| Net Rental Income Or Loss | $99,485 | NetRentalIncomeOrLossAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Gross Sales Less Ret And Allwnc | $708,826 | GrossSalesLessRetAndAllwncAmt |
| Cost Of Goods Sold | $458,820 | CostOfGoodsSoldAmt |
| Gross Profit Rev And Expnss | $250,006 | GrossProfitRevAndExpnssAmt |
| Other Income Rev And Expnss | $1,013,779 | OtherIncomeRevAndExpnssAmt |
| Total Rev And Expnss | $3,664,833 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,563 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $38,814 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $38,814 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $1,318,506 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $1,318,506 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $567,275 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $567,275 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $65,769 | LegalFeesRevAndExpnssAmt |
| Legal Fees Dsbrs Chrtbl | $65,769 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $30,000 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Chrtbl Prps | $30,000 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $245,944 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Dsbrs Chrtbl | $245,944 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $22,968 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $13 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $22,955 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $617,537 | DeprecAndDpltnRevAndExpnssAmt |
| Occupancy Rev And Expnss | $499,244 | OccupancyRevAndExpnssAmt |
| Occupancy Dsbrs Chrtbl | $499,244 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $19,765 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $19,765 | TravConfMeetingDsbrsChrtblAmt |
| Printing And Pub Rev And Expnss | $5,698 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Dsbrs Chrtbl | $5,698 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $1,709,523 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $1,709,523 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $5,141,043 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $13 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $4,523,493 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $0 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $5,141,043 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $13 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $4,523,493 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$1,476,210 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,550 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $150,674 | CashBOYAmt |
| Cash EOY | $402,332 | CashEOYAmt |
| Cash EOYFMV | $402,332 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $257,349 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $8,825 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $8,825 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $1,410,482 | AcctRcvblAmt |
| Acct Rcvbl BOY | $1,546,264 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $1,410,482 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $1,410,482 | AcctRcvblEOYFMVAmt |
| Inventories BOY | $8,415,074 | InventoriesBOYAmt |
| Inventories EOY | $8,043,165 | InventoriesEOYAmt |
| Inventories EOYFMV | $8,043,165 | InventoriesEOYFMVAmt |
| Other Investments BOY | $43,872 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $166,787 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $166,787 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $19,851,700 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $4,829,047 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $15,600,252 | LandBOYAmt |
| Land EOY | $15,022,653 | LandEOYAmt |
| Land EOYFMV | $15,022,653 | LandEOYFMVAmt |
| Other Assets BOY | $39,168,012 | OtherAssetsBOYAmt |
| Other Assets EOY | $38,720,067 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $38,720,067 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $65,181,497 | TotalAssetsBOYAmt |
| Total Assets EOY | $63,774,311 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $63,774,311 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $435,874 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $634,933 | AccountsPayableEOYAmt |
| Deferred Revenue BOY | $1,543,335 | DeferredRevenueBOYAmt |
| Deferred Revenue EOY | $1,418,222 | DeferredRevenueEOYAmt |
| Other Liabilities BOY | $18,289 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $13,367 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $1,997,498 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,066,522 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $63,183,999 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $61,707,789 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $63,183,999 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $61,707,789 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $65,181,497 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $63,774,311 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $63,183,999 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$1,476,210 | ExcessRevenueOverExpensesAmt |
| Subtotal | $61,707,789 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $61,707,789 | TotNetAstOrFundBalancesEOYAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $22 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $22 | SubtotalAmt |
| Tax Based On Investment Income | $22 | TaxBasedOnInvestmentIncomeAmt |
| Tax Due | $22 | 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 | Yes (true) | 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 | $38,814 |
| 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 | $248,514 | $17,878 |
| CLAIRE BROWN | |||||||
| 14 FAIRGROUNDS RD | HAMILTON | NJ | 08619 | DIRECTOR OF JOHNSON | 040.00 | $125,885 | $8,812 |
| LYNN DECLEMENTE | |||||||
| 14 FAIRGROUNDS RD | HAMILTON | NJ | 08619 | PROGRAM OFFICER | 040.00 | $115,149 | $8,060 |
| DANIEL PLONSKI | |||||||
| 14 FAIRGROUNDS RD | HAMILTON | NJ | 08619 | PROJECT MANAGER | 040.00 | $99,237 | |
| SEN YANG | |||||||
| 14 FAIRGROUNDS RD | HAMILTON | NJ | 08619 | SENIOR ACCOUNTANT | 040.00 | $74,068 | $4,798 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| JFO LLC | |||||
| 1 LAWYERS LANE | HOPEWELL | NJ | 08525 | CONSULTING | $273,715 |
| KALES NURSERY LANDSCAPING | |||||
| 133 CARTER RD | PRINCETON | NJ | 08540 | LANDSCAPING | $65,602 |
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 | $1,253,290 | Expenses1Amt |
| Description2 | SALE OF ARTWORK TO PUBLIC ENTITIES FOR PUBLIC EXHIBITION | Description2Txt |
| Expenses2 | $771,585 | Expenses2Amt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $141,461 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $416,575 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $558,036 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $558,036 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $8,371 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $549,665 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $27,483 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $27,483 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $22 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $22 | TotalTaxAmt |
| Distributable Before Adj | $27,461 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $27,461 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $27,461 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $4,523,493 | ExpensesAndContributionsAmt |
| Charitable Assets Acquis Paid | $39,938 | CharitableAssetsAcquisPaidAmt |
| Qualifying Distributions | $4,563,431 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $27,461 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $4,882,173 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $2,570,728 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $4,620,291 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $2,420,638 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $4,359,108 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $18,852,938 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $4,563,431 | QualifyingDistributionsAmt |
| Applied To Current Year | $27,461 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $4,535,970 | RemainingDistriFromCorpusAmt |
| Total Corpus | $23,388,908 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $4,882,173 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $18,506,735 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $2,570,728 | ExcessFromYear4Amt |
| Excess From Year3 | $4,620,291 | ExcessFromYear3Amt |
| Excess From Year2 | $2,420,638 | ExcessFromYear2Amt |
| Excess From Year1 | $4,359,108 | ExcessFromYear1Amt |
| Excess From Current Year | $4,535,970 | ExcessFromCurrentYearAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $27,483 | CurrentYearAmt |
| Year1 | $34,133 | Year1Amt |
| Year2 | $42,528 | Year2Amt |
| Year3 | $20,075 | Year3Amt |
| Total | $124,219 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $23,361 | CurrentYearAmt |
| Year1 | $29,013 | Year1Amt |
| Year2 | $36,149 | Year2Amt |
| Year3 | $17,064 | Year3Amt |
| Total | $105,587 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $4,563,431 | CurrentYearAmt |
| Year1 | $4,393,240 | Year1Amt |
| Year2 | $2,463,166 | Year2Amt |
| Year3 | $4,640,666 | Year3Amt |
| Total | $16,060,503 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $4,563,431 | CurrentYearAmt |
| Year1 | $4,393,240 | Year1Amt |
| Year2 | $2,463,166 | Year2Amt |
| Year3 | $4,640,666 | Year3Amt |
| Total | $16,060,503 | TotalAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $63,774,311 | CurrentYearAmt |
| Year1 | $65,181,498 | Year1Amt |
| Year2 | $65,913,145 | Year2Amt |
| Year3 | $65,359,459 | Year3Amt |
| Total | $260,228,413 | TotalAmt |
Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $63,363,154 | CurrentYearAmt |
| Year1 | $64,773,475 | Year1Amt |
| Year2 | $65,482,574 | Year2Amt |
| Year3 | $65,282,836 | Year3Amt |
| Total | $258,902,039 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $18,322 | CurrentYearAmt |
| Year1 | $22,755 | Year1Amt |
| Year2 | $28,352 | Year2Amt |
| Year3 | $13,383 | Year3Amt |
| Total | $82,812 | 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 | $1,563 | ExclusionAmt |
Net Rntl Incm Re Debt Fincd Prop NetRntlIncmReDebtFincdPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
| Exclusion | $99,485 | ExclusionAmt |
Gross Profit Loss Sls Of Invntry GrossProfitLossSlsOfInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $250,006 | RelatedOrExemptFunctionIncmAmt |
Other Revenue Described OtherRevenueDescribedGrp (5 entries)
| DescDesc | BusinessBusinessCd | Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt |
|---|---|---|
| EXHIBITION INCOME | 900099 | $269,940 |
| ARTISTIC SERVICE REVENUE | 900099 | $591,384 |
| PUBLIC ENGAGEMENT | 900099 | $26,680 |
| OTHER INCOME | 900099 | $2,860 |
| INVESTMENT IN SUBSIDIARY | 900099 | $122,915 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $101,048 | ExclusionAmt |
| Related Or Exempt Function Incm | $1,263,785 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,364,833 | 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 | $2,300,000 | 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 | $30,000 | Amt |
| Disbursements Charitable Prps | $30,000 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | SEE ATTACHED SCHEDULE | PropertyDesc |
| Current Year Expense | $617,537 | 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 | $166,787 | BookValueAmt |
| EOYFMV | $166,787 | 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 | $19,851,700 | CostOrOtherBasisAmt |
| Accumulated Depreciation | $4,829,047 | AccumulatedDepreciationAmt |
| Book Value | $15,022,653 | BookValueAmt |
| EOYFMV | $15,022,653 | EOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp (3 entries)
| CategoryCategoryTxt | Legal FeesLegalFeesAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| PATTERSON BELKNAP WEBB TYLER LLP | $16,313 | $16,313 |
| POWLEY GIBSON, P.C. | $41,204 | $41,204 |
| MORGAN LEWIS BOCKIUS LLP | $8,252 | $8,252 |
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 (13 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| ART COLLECTION | $33,870,731 | $34,043,618 | $34,043,618 |
| WORK IN PROCESS | $3,381,589 | $3,186,898 | $3,186,898 |
| DOCUMENTARY WORK | $232,192 | ||
| CHARGER PLATES | $70,319 | $70,319 | $70,319 |
| INTELLECTUAL PROPERTY- BOOKS | $118,585 | $2,500 | $2,500 |
| PREPAID EXPENSES- BOOKS | $125,411 | $137,911 | $137,911 |
| BOOKS INVENTORY | $664,940 | $647,553 | $647,553 |
| MERCHANDISE | $10,503 | $10,503 | $10,503 |
| CASTING DISPLAYS | $20,999 | $20,999 | $20,999 |
| MINIATURES | $70,773 | $70,773 | $70,773 |
| GOODWILL | $600,620 | $525,543 | $525,543 |
| EXCHANGE | $3,450 | $3,450 | |
| PREPAID INSURANCE | $1,350 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (17 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| DIRECT PROJECT COSTS | $716,259 | $716,259 |
| OFFICE SUPPLIES | $30,778 | $30,778 |
| INSURANCE | $118,359 | $118,359 |
| AUTO EXPENSE | $10,265 | $10,265 |
| SHIPPING STORAGE | $6,254 | $6,254 |
| MARKETING | $185,026 | $185,026 |
| SMALL TOOLS ART SUPPLIES | $110,292 | $110,292 |
| BANK CHARGES FEES | $2,725 | $2,725 |
| POSTAGE DELIVERY | $3,670 | $3,670 |
| WEBSITE, INTERNET COMPUTER NETWORK | $7,978 | $7,978 |
| EQUIPMENT RENTAL MAINTENANCE | $67,867 | $67,867 |
| GARBAGE REMOVAL | $16,030 | $16,030 |
| GAS CYLINDER RNETAL | $3,924 | $3,924 |
| AMORTIZATION | $425,854 | $425,854 |
| EDUCATION SEMINARS | $1,375 | $1,375 |
| LICENSES FEES | $1,399 | $1,399 |
| MISCELLANEOUS | $1,468 | $1,468 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt |
|---|---|
| EXHIBITION INCOME | $269,940 |
| ARTISTIC SERVICE REVENUE | $591,384 |
| PUBLIC ENGAGEMENT | $26,680 |
| OTHER INCOME | $2,860 |
| INVESTMENT IN SUBSIDIARY | $122,915 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (3 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| PAYROLL LIABILITIES | $7,423 | $7,861 |
| SALES TAX PAYABLE | $2,297 | $2,297 |
| LEASE PAYABLE | $8,569 | $3,209 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (5 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| JFO,LLC | $149,747 | $149,747 |
| JC MAINTENANCE SOLUTIONS | $25,280 | $25,280 |
| STREAMLINE HR | $4,455 | $4,455 |
| COMPASSIONATE RETURN LLC | $9,763 | $9,763 |
| OTHER OUTSIDE SERVICES | $56,699 | $56,699 |
Sales Of Inventory List SalesOfInventoryList
Inventory Sale InventorySaleGrp (2 entries)
| CategoryCategoryTxt | Gross SalesGrossSalesAmt | Cost Of Goods SoldCostOfGoodsSoldAmt | NetNetAmt |
|---|---|---|---|
| SCULPTURE | $699,000 | $441,451 | $257,549 |
| BOOKS | $9,826 | $17,369 | -$7,543 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| REAL ESTATE TAXES | $22,955 | $22,955 | |
| EXCISE TAX | $13 | $13 |