SEWARD JOHNSON ATELIER INC: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- SEWARD JOHNSON ATELIER INC (EIN 45-5246642)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-11-15
- IRS object ID
- 202223199349104412
- Schema version
- 2021v4.2
- 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
- Schedule B
- Accounting Fees Schedule
- Depreciation Schedule
- Investments Other Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Mortgages And Notes Payable Sch
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Sales Of Inventory List
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-11-15T01:47:15-00:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | 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 | 2022-11-15 | 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 | 2021 | 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 | $61,799,908 | 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 | $2,825,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $72 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $72 | InterestOnSavNetInvstIncmAmt |
| Gross Rents Rev And Expnss | $73,891 | GrossRentsRevAndExpnssAmt |
| Net Rental Income Or Loss | $73,891 | NetRentalIncomeOrLossAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Gross Sales Less Ret And Allwnc | $1,364,449 | GrossSalesLessRetAndAllwncAmt |
| Cost Of Goods Sold | $572,483 | CostOfGoodsSoldAmt |
| Gross Profit Rev And Expnss | $791,966 | GrossProfitRevAndExpnssAmt |
| Other Income Rev And Expnss | $823,683 | OtherIncomeRevAndExpnssAmt |
| Total Rev And Expnss | $4,514,612 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $72 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $37,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $37,000 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $1,259,085 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $1,259,085 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $731,910 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $731,910 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $157,474 | LegalFeesRevAndExpnssAmt |
| Legal Fees Dsbrs Chrtbl | $157,474 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $72,642 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Chrtbl Prps | $72,642 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $113,654 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Dsbrs Chrtbl | $113,654 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $23,379 | TaxesRevAndExpnssAmt |
| Taxes Dsbrs Chrtbl | $23,379 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $636,527 | DeprecAndDpltnRevAndExpnssAmt |
| Occupancy Rev And Expnss | $406,638 | OccupancyRevAndExpnssAmt |
| Occupancy Dsbrs Chrtbl | $406,638 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $5,863 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $5,863 | TravConfMeetingDsbrsChrtblAmt |
| Printing And Pub Rev And Expnss | $1,060 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Dsbrs Chrtbl | $1,060 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $1,552,396 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $1,552,396 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $4,997,628 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $4,361,101 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $0 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $4,997,628 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $4,361,101 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$483,016 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $72 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $428,908 | CashBOYAmt |
| Cash EOY | $150,674 | CashEOYAmt |
| Cash EOYFMV | $150,674 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $1,663 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $257,349 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $257,349 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $1,546,264 | AcctRcvblAmt |
| Acct Rcvbl BOY | $1,110,187 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $1,546,264 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $1,546,264 | AcctRcvblEOYFMVAmt |
| Inventories BOY | $9,274,186 | InventoriesBOYAmt |
| Inventories EOY | $8,415,074 | InventoriesEOYAmt |
| Inventories EOYFMV | $8,415,074 | InventoriesEOYFMVAmt |
| Other Investments BOY | $149,226 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $43,872 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $43,872 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $19,811,762 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $4,211,510 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $16,204,640 | LandBOYAmt |
| Land EOY | $15,600,252 | LandEOYAmt |
| Land EOYFMV | $15,600,252 | LandEOYFMVAmt |
| Other Assets BOY | $38,894,335 | OtherAssetsBOYAmt |
| Other Assets EOY | $39,168,012 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $35,786,423 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $66,063,145 | TotalAssetsBOYAmt |
| Total Assets EOY | $65,181,497 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $61,799,908 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $837,746 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $435,874 | AccountsPayableEOYAmt |
| Deferred Revenue BOY | $1,926,859 | DeferredRevenueBOYAmt |
| Deferred Revenue EOY | $1,543,335 | DeferredRevenueEOYAmt |
| Mortgages And Notes Payable BOY | $474,600 | MortgagesAndNotesPayableBOYAmt |
| Other Liabilities BOY | $19,450 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $18,289 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $3,258,655 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,997,498 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $62,804,490 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $63,183,999 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $62,804,490 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $63,183,999 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $66,063,145 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $65,181,497 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $62,804,490 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$483,016 | ExcessRevenueOverExpensesAmt |
| Other Increases | $862,525 | OtherIncreasesAmt |
| Subtotal | $63,183,999 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $63,183,999 | TotNetAstOrFundBalancesEOYAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $1 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $1 | SubtotalAmt |
| Tax Based On Investment Income | $1 | TaxBasedOnInvestmentIncomeAmt |
| Tax Due | $1 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| 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 | $37,000 |
| 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 | $324,299 | $22,701 |
| CLAIRE BROWN | |||||||
| 14 FAIRGROUNDS RD | HAMILTON | NJ | 08619 | DIRECTOR OF JOHNSON | 040.00 | $110,769 | $7,754 |
| LYNN DECLEMENTE | |||||||
| 14 FAIRGROUNDS RD | HAMILTON | NJ | 08619 | COLLECTION MANAGER | 040.00 | $96,910 | $6,784 |
| AUTIN WRIGHT | |||||||
| 14 FAIRGROUNDS RD | HAMILTON | NJ | 08619 | PAINT PATINA SUPERVI | 040.00 | $147,379 | $10,317 |
| HARRISON NEUHAUSER | |||||||
| 14 FAIRGROUNDS RD | HAMILTON | NJ | 08619 | HEAD MOLD MAKER | 040.00 | $119,761 | $8,283 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 11 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| PATTERSON BELKNAP WEBB & TYLER LLP | |||||
| 1133 AVENUE OF THE AMERICAS | NEW YORK | NY | 10036 | LEGAL | $96,883 |
| POWLEY & GIBSON PC | |||||
| 60 HUDSON ST SUITE 2203 | NEW YORK | NY | 10013 | LEGAL | $53,083 |
| JJ BUILDING MAINTENANCE | |||||
| 64 VETTERLEIN AVE | HAMILTON | NJ | 08619 | BUILDING MAINTENENACE | $50,716 |
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 | $2,932,704 | Expenses1Amt |
| Description2 | SALE OF ARTWORK TO PUBLIC ENTITIES FOR PUBLIC EXHIBITION | Description2Txt |
| Expenses2 | $668,551 | Expenses2Amt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $315,123 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $377,925 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $693,048 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $693,048 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $10,396 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $682,652 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $34,133 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $34,133 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $1 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $1 | TotalTaxAmt |
| Distributable Before Adj | $34,132 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $34,132 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $34,132 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $4,361,101 | ExpensesAndContributionsAmt |
| Charitable Assets Acquis Paid | $32,139 | CharitableAssetsAcquisPaidAmt |
| Qualifying Distributions | $4,393,240 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $34,132 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $5,061,580 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $4,882,173 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $2,570,728 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $4,620,291 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $2,420,638 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $19,555,410 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $4,393,240 | QualifyingDistributionsAmt |
| Applied To Current Year | $34,132 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $4,359,108 | RemainingDistriFromCorpusAmt |
| Total Corpus | $23,914,518 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $5,061,580 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $18,852,938 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $4,882,173 | ExcessFromYear4Amt |
| Excess From Year3 | $2,570,728 | ExcessFromYear3Amt |
| Excess From Year2 | $4,620,291 | ExcessFromYear2Amt |
| Excess From Year1 | $2,420,638 | ExcessFromYear1Amt |
| Excess From Current Year | $4,359,108 | ExcessFromCurrentYearAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $34,133 | CurrentYearAmt |
| Year1 | $42,528 | Year1Amt |
| Year2 | $20,075 | Year2Amt |
| Year3 | $24,394 | Year3Amt |
| Total | $121,130 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $29,013 | CurrentYearAmt |
| Year1 | $36,149 | Year1Amt |
| Year2 | $17,064 | Year2Amt |
| Year3 | $20,735 | Year3Amt |
| Total | $102,961 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $4,393,240 | CurrentYearAmt |
| Year1 | $2,463,166 | Year1Amt |
| Year2 | $4,640,666 | Year2Amt |
| Year3 | $2,595,122 | Year3Amt |
| Total | $14,092,194 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $4,393,240 | CurrentYearAmt |
| Year1 | $2,463,166 | Year1Amt |
| Year2 | $4,640,666 | Year2Amt |
| Year3 | $2,595,122 | Year3Amt |
| Total | $14,092,194 | TotalAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $65,181,498 | CurrentYearAmt |
| Year1 | $65,913,145 | Year1Amt |
| Year2 | $65,359,459 | Year2Amt |
| Year3 | $64,779,324 | Year3Amt |
| Total | $261,233,426 | TotalAmt |
Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $64,773,475 | CurrentYearAmt |
| Year1 | $65,482,574 | Year1Amt |
| Year2 | $65,282,836 | Year2Amt |
| Year3 | $63,559,728 | Year3Amt |
| Total | $259,098,613 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $22,755 | CurrentYearAmt |
| Year1 | $28,352 | Year1Amt |
| Year2 | $13,383 | Year2Amt |
| Year3 | $16,263 | Year3Amt |
| Total | $80,753 | 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 | $72 | ExclusionAmt |
Net Rntl Incm Re Debt Fincd Prop NetRntlIncmReDebtFincdPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
| Exclusion | $73,891 | ExclusionAmt |
Gross Profit Loss Sls Of Invntry GrossProfitLossSlsOfInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $791,966 | RelatedOrExemptFunctionIncmAmt |
Other Revenue Described OtherRevenueDescribedGrp (4 entries)
| DescDesc | BusinessBusinessCd | Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt |
|---|---|---|
| EXHIBITION INCOME | 900099 | $80,475 |
| ARTISTIC SERVICE REVENUE | 900099 | $826,435 |
| PUBLIC ENGAGEMENT | 900099 | $13,400 |
| OTHER INCOME | 900099 | $8,724 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $73,963 | ExclusionAmt |
| Related Or Exempt Function Incm | $1,721,000 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,794,963 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (9 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 |
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 | $2,825,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| PFK OCONNOR DAVIES, LLP | $42,997 | $42,997 |
| TA SOLUTIONS | $29,595 | $29,595 |
| IK ACCOUNTING LLC | $50 | $50 |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | SEE ATTACHED SCHEDULE | PropertyDesc |
| Current Year Expense | $636,527 | 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 | $43,872 | BookValueAmt |
| EOYFMV | $43,872 | 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 | $19,811,762 | CostOrOtherBasisAmt |
| Accumulated Depreciation | $4,211,510 | AccumulatedDepreciationAmt |
| Book Value | $15,600,252 | BookValueAmt |
| EOYFMV | $15,600,252 | EOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp (3 entries)
| CategoryCategoryTxt | Legal FeesLegalFeesAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| PATTERSON BELKNAP WEBB TYLER LLP | $96,883 | $96,883 |
| POWLEY GIBSON, P.C. | $53,083 | $53,083 |
| MORGAN LEWIS BOCKIUS LLP | $7,508 | $7,508 |
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 | $33,297,709 | $33,870,731 | $33,870,731 |
| WORK IN PROCESS | $3,494,445 | $3,381,589 | |
| DOCUMENTARY WORK | $232,192 | $232,192 | $232,192 |
| CHARGER PLATES | $70,319 | $70,319 | $70,319 |
| INTELLECTUAL PROPERTY- BOOKS | $237,170 | $118,585 | $118,585 |
| PREPAID EXPENSES- BOOKS | $102,911 | $125,411 | $125,411 |
| BOOKS INVENTORY | $676,947 | $664,940 | $664,940 |
| MERCHANDISE | $10,503 | $10,503 | $10,503 |
| CASTING DISPLAYS | $20,999 | $20,999 | $20,999 |
| MINIATURES | $70,773 | $70,773 | $70,773 |
| PREPAID INSURANCE | $2,700 | $1,350 | $1,350 |
| GOODWILL | $675,697 | $600,620 | $600,620 |
| SECURITY DEPOSIT | $1,970 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (21 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| DIRECT PROJECT COSTS | $843,112 | $843,112 |
| OFFICE SUPPLIES | $26,575 | $26,575 |
| INSURANCE | $137,633 | $137,633 |
| AUTO EXPENSE | $9,841 | $9,841 |
| SHIPPING STORAGE | $35,216 | $35,216 |
| MARKETING | $39,502 | $39,502 |
| SMALL TOOLS ART SUPPLIES | $125,954 | $125,954 |
| BANK CHARGES FEES | $1,789 | $1,789 |
| RENT | $25,239 | $25,239 |
| POSTAGE DELIVERY | $5,462 | $5,462 |
| BOOKS, DUES SUBSCRIPTIONS | $3,237 | $3,237 |
| WEBSITE, INTERNET COMPUTER NETWORK | $5,353 | $5,353 |
| EQUIPMENT RENTAL MAINTENANCE | $62,038 | $62,038 |
| GARBAGE REMOVAL | $10,538 | $10,538 |
| GAS CYLINDER RNETAL | $6,359 | $6,359 |
| SANDBLASTER | $1,328 | $1,328 |
| AMORTIZATION | $193,662 | $193,662 |
| EDUCATION SEMINARS | $105 | $105 |
| LICENSES FEES | $4,241 | $4,241 |
| TELEPHONE | $14,831 | $14,831 |
| MISCELLANEOUS | $381 | $381 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt |
|---|---|
| EXHIBITION INCOME | $80,475 |
| ARTISTIC SERVICE REVENUE | $826,435 |
| PUBLIC ENGAGEMENT | $13,400 |
| OTHER INCOME | $8,727 |
| INVESTMENT IN SUBSIDIARY | -$105,354 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PAYROLL PROTECTION PLAN LOAN FORGIVENESS | Desc |
| Amt | $862,525 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (3 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| PAYROLL LIABILITIES | $2,750 | $7,423 |
| SALES TAX PAYABLE | $2,283 | $2,297 |
| LEASE PAYABLE | $14,417 | $8,569 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| JJ BUILDING MAINTENANCE | $50,716 | $50,716 |
| COMPASSIONATE RETURN LLC | $29,013 | $29,013 |
| OTHER PROFESSIONAL FEES | $33,925 | $33,925 |
Sales Of Inventory List SalesOfInventoryList
Inventory Sale InventorySaleGrp (2 entries)
| CategoryCategoryTxt | Gross SalesGrossSalesAmt | Cost Of Goods SoldCostOfGoodsSoldAmt | NetNetAmt |
|---|---|---|---|
| SCULPTURE | $1,357,899 | $560,977 | $796,922 |
| BOOKS | $6,550 | $11,506 | -$4,956 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| REAL ESTATE TAXES | $23,270 | $23,270 |
| CALIFORNIA OFFICE TAX | $109 | $109 |