FRIDAY FOUNDATION: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- FRIDAY FOUNDATION (EIN 47-1889104)
- Tax period
- 2020-07-01 to 2021-06-30
- Filed
- 2022-02-14
- IRS object ID
- 202210459349100016
- Schema version
- 2020v4.2
- 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
- Dissolution Stmt
- Liquidation Explanation Stmt
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-02-14T15:48:34-06:00 | ReturnTs |
| Tax Period End | 2021-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 911693046 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STETSON KOENES PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8561 154TH AVENUE NE SUITE 270 | AddressLine1Txt |
| City | REDMOND | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98052 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2020-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 471889104 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FRIDAY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FRID | BusinessNameControlTxt |
| Phone | 4254553337 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 518 | AddressLine1Txt |
| City | MEDINA | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98039 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CAROLYN GRINSTEIN | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 4254553337 | PhoneNum |
| Signature | 2022-02-03 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | CAROLYN | PersonFirstNm |
| Person Last | GRINSTEIN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ANNA L TAKASUGI | PreparerPersonNm |
| PTIN | P01263190 | PTIN |
| Phone | 4256351196 | PhoneNum |
| Preparation | 2022-02-03 | 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 | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $32,805,393 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $16,602 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $16,602 | InterestOnSavNetInvstIncmAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $16,602 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $16,602 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $110,467 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $110,467 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $2,646 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $2,646 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $438,180 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $0 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $438,180 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $231 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | -$11,892 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | -$12,632 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $539,632 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $538,661 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $48,521,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $48,521,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $49,061,132 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $49,060,161 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$49,044,530 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $16,602 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $37,443,606 | CashBOYAmt |
| Cash EOY | $232,146 | CashEOYAmt |
| Cash EOYFMV | $232,146 | CashEOYFMVAmt |
| Sav And Temp Cash Invst EOY | $32,459,401 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $32,459,401 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses BOY | $114,817 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $113,846 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $113,846 | PrepaidExpensesEOYFMVAmt |
| Other Assets BOY | $44,291,500 | OtherAssetsBOYAmt |
| Other Assets EOY | $0 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $0 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $81,849,923 | TotalAssetsBOYAmt |
| Total Assets EOY | $32,805,393 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $32,805,393 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $500 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $500 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $500 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $500 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $81,849,423 | RetainedEarningBOYAmt |
| Retained Earning EOY | $32,804,893 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $81,849,423 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $32,804,893 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $81,849,923 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $32,805,393 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $81,849,423 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$49,044,530 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $32,804,893 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $32,804,893 | TotNetAstOrFundBalancesEOYAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $231 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $231 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $231 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $114,077 | 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 | $114,077 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $113,846 | OverpaymentAmt |
| Applied To ES Tax | $1,000 | AppliedToESTaxAmt |
| Refund | $112,846 | 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 | Yes (1) | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | 0 | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | WA | 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 | HTTPS://FRIDAYFOUNDATIONARTS.ORG | WebsiteAddressTxt |
| Individual With Books | CAROLYN GRINSTEIN | IndividualWithBooksNm |
| Phone | 4254426896 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 518 | AddressLine1Txt |
| City | MEDINA | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98039 | 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 | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| 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 (3 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 |
|---|---|---|---|---|---|---|---|---|
| CAROLYN GRINSTEIN | ||||||||
| PO BOX 518 | MEDINA | WA | 98039 | PRESIDENT, TREASURER | 5.00 | $0 | $0 | $0 |
| DONALD HUSSONG | ||||||||
| 1929 BONAIR DRIVE SW | SEATTLE | WA | 98116 | VICE PRESIDENT, SECRETARY | 1.00 | $0 | $0 | $0 |
| GEORGE STEERS | ||||||||
| 2817 CASCADIA AVE S | SEATTLE | WA | 98144 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| 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 |
|---|---|---|---|---|---|
| NYHUS COMMUNICATIONS LLC | |||||
| 905 12TH AVENUE EAST | SEATTLE | WA | 98102 | STRATEGY/PRESS CONSULTANT | $257,200 |
| META ARTE LLC | |||||
| 4616 25TH AVENUE NE 452 | SEATTLE | WA | 98105 | ART CONSULTANT | $100,000 |
| PERKINS COIE LLP | |||||
| 1201 THIRD AVENUE SUITE 4900 | SEATTLE | WA | 981013099 | LEGAL SERVICES | $75,229 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | THE FRIDAY FOUNDATION BOARD OF DIRECTORS MET REGULARLY DURING THE FISCAL YEAR TO DISCUSS THE PARAMETERS FOR DONATING PORTIONS OF THE FINE ART COLLECTION TO QUALIFYING MUSEUMS AND EDUCATIONAL INSTITUTIONS IN ORDER TO ENSURE THE INTEGRITY OF THE COLLECTION. THE BOARD OF DIRECTORS ALSO MET WITH QUALIFYING MUSEUMS AND EDUCATIONAL INSTITUTIONS TO DETERMINE WHETHER THOSE ORGANIZATIONS WERE INTERESTED IN RECEIVING A PORTION OF THE COLLECTION AND EVALUATING THE SUITABILITY OF THOSE ORGANIZATIONS.THE REMAINING PIECES OF THE COLLECTION WERE DONATED TO TWO MUSEUMS DURING FISCAL YEAR JUNE 30, 2021. | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
| Expenses2 | $0 | 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 | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $34,219,600 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $34,219,600 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $34,219,600 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $513,294 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $33,706,306 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,685,315 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,685,315 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $231 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $231 | TotalTaxAmt |
| Distributable Before Adj | $1,685,084 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $1,685,084 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $1,685,084 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $49,060,161 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $49,060,161 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $49,060,161 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,685,084 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $2,090 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr3 | $367,092 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $275,807 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $272,658,521 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $273,303,510 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $49,060,161 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $1,685,084 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $47,375,077 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $320,678,587 | 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 | $2,090 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $320,676,497 | ExcessDistriCyovToNextYrAmt |
| Excess From Year3 | $367,092 | ExcessFromYear3Amt |
| Excess From Year2 | $275,807 | ExcessFromYear2Amt |
| Excess From Year1 | $272,658,521 | ExcessFromYear1Amt |
| Excess From Current Year | $47,375,077 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|
| SEATTLE ART MUSEUM | |||||||
| 1300 FIRST AVENUE | SEATTLE | WA | 98101 | PC | TO SUPPORT THE MISSION OF CONNECTING ART TO LIFE, DEVELOP NEW EXHIBITIONS FOCUSED ON ART THAT EXCITES AND EDUCATES THE PUBLIC, BY DONATING A COLLECTION OF ABSTRACT EXPRESSIONISM AND MODERN MASTERPIECES. | $31,251,500 | |
| SEATTLE ART MUSEUM | |||||||
| 1300 FIRST AVENUE | SEATTLE | WA | 98101 | PC | TO FUND THE RICHARD E. LANG AND JANE LANG DAVIS ACQUISITION FUND FOR GLOBAL CONTEMPORARY ART. THIS FUND WILL ENABLE SAM TO CONTINUE ITS FOCUS ON BRINGING WORK BY EMERGING ARTISTS FROM ALL OVER THE WORLD TO ITS COLLECTION. | $2,200,000 | |
| SEATTLE ART MUSEUM | |||||||
| 1300 FIRST AVENUE | SEATTLE | WA | 98101 | PC | TO DEFRAY COSTS ASSOCIATED WITH DONATION OF MOTHERWELL AND SMITH ART PIECES. | $15,000 | |
| YALE UNIVERSITY ART GALLERY | |||||||
| 1111 CHAPEL ST | NEW HAVEN | CT | 06510 | PC | TO CONTRIBUTE TO THE GALLERY'S VISION OF ACTIVATING THE POWER OF ART TO INSPIRE AND TO CREATE A MORE INCLUSIVE WORLD BY DONATING A COLLECTION OF ABSTRACT EXPRESSIONISM AND MODERN MASTERPIECES. | $13,040,000 | |
| SEATTLE OPERA | |||||||
| 363 MERCER ST | SEATTLE | WA | 98109 | PC | TO ESTABLISH THE JANE LANG DAVIS CREATION FUND, AN ENDOWED FUND TO SUPPORT THE JANE LANG DAVIS CREATION LAB ANNUAL PROGRAMMING TO HELP USHER IN A MORE DIVERSE GENERATION OF STORYTELLERS IN OPERA, WITH A FOCUS ON COMPOSERS AND LIBRETTISTS AGES 18-30. | $1,000,000 | |
| THE HENRY GALLERY ASSOCIATION | |||||||
| UNIVERSITY OF WASHINGTON 15TH AVE | SEATTLE | WA | 981951410 | PC | TO CREATE AN ENDOWMENT FUND IN HONOR OF RICHARD E. LANG AND JANE LANG DAVIS TO ALLOW THE CONTEMPORARY ART MUSEUM TO COMMISSION A NEW WORK EVERY TWO YEARS. | $1,000,000 | NE NE 41ST ST BOX 351410 |
| YALE UNIVERSITY ART GALLERY | |||||||
| 1111 CHAPEL ST | NEW HAVEN | CT | 06510 | PC | TO DEFRAY THE COST OF ACCESSIONING THE DONATED ART PIECES. | $15,000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $48,521,500 | 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 | $16,602 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $16,602 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $16,602 | 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 | ACCOUNTANT FEES | CategoryTxt |
| Amt | $2,646 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $2,646 | DisbursementsCharitablePrpsAmt |
Dissolution Stmt DissolutionStmt
Dissolution Information DissolutionInformationGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Short ExplanationShortExplanationTxt | DissolutionDissolutionAmt |
|---|---|---|---|---|---|
| SEATTLE ART MUSEUM | |||||
| 1300 FIRST AVENUE | SEATTLE | WA | 981012003 | THE DONATED ART COLLECTION CONSISTS OF THE FOLLOWING PIECES:ROBERT MOTHERWELL (1915-1991) BEFORE THE DAY $1,250,000 DAVID SMITH (1906-1965) CUBI XXV $30,000,000 A REFERENCE LIBRARY $1,500 | $13,251,500 |
| YALE UNIVERSITY ART GALLERY | |||||
| 1111 CHAPEL STREET | NEW HAVEN | CT | 06510 | THE DONATED ART COLLECTION CONSISTS OF THE FOLLOWING PIECES:FRANZ KLINE (1910-1962) PORTRAIT OF NIJINSKY $40,000 FRANZ KLINE (1910-1962) UNTITLED $150,000 FRANZ KLINE (1910-1962) UNTITLED (STUDY FOR NIJINSKY) $300,000 FRANZ KLINE (1910-1962) UNTITLED $250,000 MARK ROTHKO (1903-1970) UNTITLED $300,000 MARK ROTHKO (1903-1970) NO. 11 (YELLOW, GREEN AND BLACK) $12,000,000 | $13,040,000 |
Liquidation Explanation Stmt LiquidationExplanationStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | THE FOUNDATION DONATED THE REMAINING PIECES OF ITS ART COLLECTION TO THE SEATTLE ART MUSEUM AND YALE UNIVERSITY ART GALLERY. THESE DONATIONS ARE CONSISTENT WITH THE FOUNDATION'S MISSION AND OBJECTIVES. THE FOUNDATION IS NOT DISSOLVING, THIS FALLS WITHIN THE SUBSTANTIAL CONTRACTION RULE. | ExplanationTxt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ATTORNEY FEES | CategoryTxt |
| Legal Fees | $110,467 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $110,467 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FINE ART COLLECTION | Desc |
| BOY Book Value | $44,291,500 | BOYBookValueAmt |
| EOY Book Value | $0 | EOYBookValueAmt |
| EOYFMV | $0 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| STORAGE FEES | $9,118 | $0 | $9,118 |
| ART MAINTENANCE COSTS | $792 | $0 | $792 |
| BANK CHARGE REFUNDS | -$30 | $0 | -$30 |
| ART INSURANCE REFUND | -$22,512 | $0 | -$22,512 |
| MISCELLANEOUS | $740 | $0 | $0 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ADVANCES | Desc |
| BOY Book Value | $500 | BOYBookValueAmt |
| EOY Book Value | $500 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| ART CONSULTANT | $161,010 | $0 | $161,010 |
| OTHER CONSULTANTS | $277,170 | $0 | $277,170 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FEDERAL EXCISE TAX | CategoryTxt |
| Amt | $231 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |