MAGAZZINO ITALIAN ART FOUNDATION: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- MAGAZZINO ITALIAN ART FOUNDATION (EIN 83-1666946)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-11-13
- IRS object ID
- 202043189349101139
- Schema version
- 2019v5.1
- 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
- Expenditure Responsibility Stmt
- Land Etc Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Substantial Contributors Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-11-13T09:17:26-06:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EISNERAMPER LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 733 THIRD AVENUE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100172703 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2019-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 831666946 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Magazzino Italian Art Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % EISNERAMPER LLP | InCareOfNm |
| Business Name Control | MAGA | BusinessNameControlTxt |
| Phone | 2128944054 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O EISNERAMPER LLP 733 3RD AVE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10017 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | NANCY OLNICK | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Phone | 2129498700 | PhoneNum |
| Signature | 2020-11-16 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MARIE ARRIGO | PreparerPersonNm |
| PTIN | P00058583 | PTIN |
| Phone | 2129498700 | PhoneNum |
| Preparation | 2020-11-16 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 64.238.150.4 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Federal Original Submission Id | 13478420203185000006 | FederalOriginalSubmissionId |
| Federal Original Submission Id | 2020-11-13 | FederalOriginalSubmissionIdDt |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | B18046CB067CEDF5330D89489DA91002D6E4849D | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | DE7B2BFE886AA7ECD50D3E32F9A0AFFA1778B362 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2021-04-22 16:20:28Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $11,235,135 | 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 | $12,603,269 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $24 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $24 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $24 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $451 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $451 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $451 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$5,517 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,122,939 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $721,113 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $345 | NetSTCapitalGainAdjNetIncmAmt |
| Other Income Rev And Expnss | $14,589 | OtherIncomeRevAndExpnssAmt |
| Other Income Adj Net Incm | $3,370 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $12,612,816 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $721,588 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $4,190 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $543,293 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $541,974 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $78,535 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $78,825 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $18,591 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $21,639 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $116,500 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $5,300 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $5,300 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $107,200 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $276,557 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Dsbrs Chrtbl | $268,497 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $34,601 | TaxesRevAndExpnssAmt |
| Taxes Dsbrs Chrtbl | $34,601 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $243,800 | DeprecAndDpltnRevAndExpnssAmt |
| Occupancy Rev And Expnss | $70,607 | OccupancyRevAndExpnssAmt |
| Occupancy Dsbrs Chrtbl | $72,371 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $126,026 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $132,089 | TravConfMeetingDsbrsChrtblAmt |
| Printing And Pub Rev And Expnss | $35,356 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Dsbrs Chrtbl | $39,702 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $1,018,982 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Adj Net Incm | $3,370 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $999,067 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $2,562,848 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $5,300 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $8,670 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $2,295,965 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $16,809 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $16,809 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,579,657 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $5,300 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $8,670 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $2,312,774 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $10,033,159 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $716,288 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $434,952 | CashBOYAmt |
| Cash EOY | $172,551 | CashEOYAmt |
| Cash EOYFMV | $172,551 | CashEOYFMVAmt |
| Prepaid Expenses BOY | $56,161 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $80,586 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $80,586 | PrepaidExpensesEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $11,295,779 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $313,781 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $631,810 | LandBOYAmt |
| Land EOY | $10,981,998 | LandEOYAmt |
| Land EOYFMV | $10,981,998 | LandEOYFMVAmt |
| Total Assets BOY | $1,122,923 | TotalAssetsBOYAmt |
| Total Assets EOY | $11,235,135 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $11,235,135 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $59,025 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $138,078 | AccountsPayableEOYAmt |
| Total Liabilities BOY | $59,025 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $138,078 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $1,063,898 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $11,097,057 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $1,063,898 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $11,097,057 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $1,122,923 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $11,235,135 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $1,063,898 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $10,033,159 | ExcessRevenueOverExpensesAmt |
| Subtotal | $11,097,057 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $11,097,057 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|
| SALE OF MARKETABLE SECURITIES | $9,959 | $9,614 | $345 | $345 |
| SALE OF MARKETABLE SECURITIES | $1,112,980 | $392,212 | $720,768 | $720,768 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $721,113 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $345 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $774,755 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $93,455 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 8.29014 | DistributionYr1Rt |
| Total Distribution | 8.29014 | TotalDistributionRt |
| Average Distribution | 8.29014 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $255,282 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $2,116,324 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $7,163 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $2,123,487 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $2,384,045 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $7,163 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $7,163 | SubtotalAmt |
| Tax Based On Investment Income | $7,163 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $22,000 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $22,000 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $26 | EsPenaltyAmt |
| Overpayment | $14,811 | OverpaymentAmt |
| Applied To ES Tax | $14,811 | AppliedToESTaxAmt |
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 | NY | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | Yes (true) | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (true) | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | www.magazzino.art | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EISNERAMPER LLP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2128944054 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 733 THIRD AVENUE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10017 | 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 | Yes (true) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | 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 | false | BusinessHoldingsInd |
| 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 | Yes (true) | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (true) | MaintainedExpenditureRspnsInd |
| 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 (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 |
|---|---|---|---|---|---|---|---|---|
| NANCY OLNICK | ||||||||
| C/O EISNERAMPER LLP 733 3RD AVE | NEW YORK | NY | 10017 | TRUSTEE | 5.0 | $0 | $0 | $0 |
| GIORGIO SPANU | ||||||||
| C/O EISNERAMPER LLP 733 3RD AVE | NEW YORK | NY | 10017 | TRUSTEE | 10.0 | $0 | $0 | $0 |
| STELLA SPANU | ||||||||
| C/O EISNERAMPER LLP 733 3RD AVE | NEW YORK | NY | 10017 | TRUSTEE | 1.0 | $0 | $0 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt | Expense AccountExpenseAccountAmt |
|---|---|---|---|---|---|---|---|---|
| VITTORIO CALABRESE | ||||||||
| C/O MAGAZZINO FOUNDATION | NEW YORK | NY | 10017 | DIRECTOR | 40.0 | $103,891 | $15,258 | $0 |
| KAROLINA CHOJNOWSKA | ||||||||
| C/O MAGAZZINO FOUNDATION | NEW YORK | NY | 10017 | HEAD OF COMMUNICAT. | 40.0 | $55,546 | $9,312 | $0 |
| THOMAS HUBER | ||||||||
| C/O MAGAZZINO FOUNDATION | NEW YORK | NY | 10017 | FACILITY MANAGER | 40.0 | $73,116 | $4,243 | $0 |
| VICTORIA JONES | ||||||||
| C/O MAGAZZINO FOUNDATION | NEW YORK | NY | 10017 | DIRECTOR VISITOR SVC | 40.0 | $58,158 | $4,217 | $0 |
| SEAN M KANE | ||||||||
| C/O MAGAZZINO FOUNDATION | NEW YORK | NY | 10017 | SECURITY MANAGER | 40.0 | $52,500 | $78 | $0 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| EISNERAMPER LLP | |||||
| 733 THIRD AVENUE | NEW YORK | NY | 10017 | ACCOUNTING FEES | $87,000 |
| ILSA SVENDSEN | |||||
| C/O Magazzino Foundation 733 3rd A | NEW YORK | NY | 10017 | Maintenance | $73,362 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | MAGAZZINO ITALIAN ART FOUNDATION IS DEVOTED TO POSTWAR AND CONTEMPORARY ART. THE FOUNDATION SERVES AS A RESOURCE AND OFFERS AN EXTENSIVE LIBRARY AND ARCHIVE OF ITALIAN ART | Description1Txt |
| Expenses1 | $2,295,965 | Expenses1Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $22,607 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $236,563 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $259,170 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $259,170 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $3,888 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $255,282 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $12,764 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $2,312,774 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $71,271 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $2,384,045 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $7,163 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $2,376,882 | AdjustedQualifyingDistriAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Fndtn Ruling | 2019-07-10 | PrivateOperatingFndtnRulingDt |
| Section4942j3 | Yes (X) | Section4942j3Ind |
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $1,129 | Year1Amt |
| Total | $1,129 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $960 | Year1Amt |
| Total | $960 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $2,384,045 | CurrentYearAmt |
| Year1 | $774,755 | Year1Amt |
| Total | $3,158,800 | TotalAmt |
Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $16,809 | CurrentYearAmt |
| Year1 | $7,087 | Year1Amt |
| Total | $23,896 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $2,367,236 | CurrentYearAmt |
| Year1 | $767,668 | Year1Amt |
| Total | $3,134,904 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Assets | TotalAssetsGrp |
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 | $8,509 | CurrentYearAmt |
| Year1 | $3,115 | Year1Amt |
| Total | $11,624 | 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 | NANCY OLNICK | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (12 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | Address Line2RecipientUSAddress/AddressLine2Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line1RecipientForeignAddress/AddressLine1Txt | CityRecipientForeignAddress/CityNm | CountryRecipientForeignAddress/CountryCd | Foreign PostalRecipientForeignAddress/ForeignPostalCd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bard College | ||||||||||||
| attn tracy pollock CCS Bard | po 5000 | annandaleonhudson | NY | 12504 | NONE | PC | GENERAL CHARITABLE PURPOSES | $2,500 | ||||
| cold spring farmers market | ||||||||||||
| po box 325 | cold spring | NY | 10516 | NONE | PC | GENERAL CHARITABLE PURPOSES | $250 | |||||
| fondazione ica milano | ||||||||||||
| NONE | NC | GENERAL CHARITABLE PURPOSES (SEE EXPENDITURE RESPOSIBILITY ATTACHMENT). | $5,702 | via orobia 26 | milano mi | IT | 20139 | |||||
| New York State Sheriff's Association | ||||||||||||
| 27 Elk Street | Albany | NY | 12207 | NONE | PC | GENERAL CHARITABLE PURPOSES | $75 | |||||
| THE CHAPEL RESTORATION MUSIC FUND | ||||||||||||
| po box 43 | cold spring | NY | 10516 | NONE | PC | GENERAL CHARITABLE PURPOSES | $300 | |||||
| haldane drama department | ||||||||||||
| 15 craigside dr | cold spring | NY | 10516 | NONE | PC | GENERAL CHARITABLE PURPOSES | $317 | |||||
| haldane school foundation | ||||||||||||
| po box 364 | cold spring | NY | 10516 | none | PC | GENERAL CHARITABLE PURPOSES | $3,015 | |||||
| north highlands engine company no 1 | ||||||||||||
| 504 fishkill road | cold spring | NY | 10516 | none | PC | GENERAL CHARITABLE PURPOSES | $1,000 | |||||
| putnam history museum | ||||||||||||
| 63 chestnut street | cold spring | NY | 10516 | none | PC | GENERAL CHARITABLE PURPOSES | $500 | |||||
| redhawk native american arts council | ||||||||||||
| 1022 39th street | brooklyn | NY | 11219 | none | PC | GENERAL CHARITABLE PURPOSES | $750 | |||||
| the center for italian modern art | ||||||||||||
| 421 broome street 4th floor | new york | NE | 10013 | none | PC | GENERAL CHARITABLE PURPOSES | $900 | |||||
| the village of cold spring | ||||||||||||
| 85 main street | cold spring | NY | 10516 | none | GOV | GENERAL CHARITABLE PURPOSES | $1,500 | |||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $16,809 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $24 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $451 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Incm Part VII | OtherInvestmentIncmPartVIIGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$5,517 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INCOME | Desc |
| Exclusion | 01 | ExclusionCd |
| Exclusion | $11,219 | ExclusionAmt |
| Related Or Exempt Function Incm | $3,370 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $6,177 | ExclusionAmt |
| Related Or Exempt Function Incm | $3,370 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $9,547 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 11 | LineNumberTxt |
| Relationship Statement | INCOME FROM EVENTS TO PROMOTE THE FOUNDATION'S PURPOSE TO SERVE AS A RESOURCE FOR POSTWAR AND CONTEMPORARY ITALIAN ART. | RelationshipStatementTxt |
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 (3 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|---|
| NANCY OLNICK | |||||||
| 1 | C/O Eisneramper llp 733 third ave | NEW YORK | NY | 10017 | $975,000 | Yes (X) | |
| Olspan LLC | |||||||
| 2 | C/O Eisneramper llp 733 third ave | new york | NY | 10017 | $10,482,500 | Yes (X) | |
| NANCY OLNICK | |||||||
| 3 | C/O Eisneramper llp 733 third ave | NEW YORK | NY | 10017 | $1,145,769 | Yes (X) | Yes (X) |
Non Cash Property Contribution NonCashPropertyContributionGrp (20 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 2 | MUSEUM Building & Land 2700 ROUTE 9, COLD SPRING, NY | $10,482,500 | 2019-11-22 |
| 3 | Metal Containers | $4,275 | 2019-04-30 |
| 3 | ART POSTERS WITH FRAMING | $1,724 | 2019-07-02 |
| 3 | Artbooks | $11,314 | 2019-03-14 |
| 3 | 820 shs Facebook | $136,686 | 2019-02-11 |
| 3 | 220.1257 Shs Simon Property Group | $40,599 | 2019-02-11 |
| 3 | 696.3625 shs six flags entertainment | $44,041 | 2019-02-11 |
| 3 | 137.5082 shs boeing | $51,030 | 2019-03-27 |
| 3 | 782 shs celgene corp | $69,891 | 2019-03-27 |
| 3 | 208.8391 shs lowes companies | $22,349 | 2019-03-27 |
| 3 | 674.8044 shs moody's corp | $119,731 | 2019-03-27 |
| 3 | 1,288 shs apple inc | $224,234 | 2019-06-03 |
| 3 | 664 shs visa inc | $106,101 | 2019-06-03 |
| 3 | 161.4852 shs broadcom inc | $46,062 | 2019-07-17 |
| 3 | 499.3404 shs csx corp | $35,880 | 2019-07-17 |
| 3 | 236.1424 shs cummins inc | $40,293 | 2019-07-17 |
| 3 | 145.398 shs northrop grumman corp | $46,799 | 2019-07-17 |
| 3 | 2,579.7315 shs old republic intl corp | $59,502 | 2019-07-17 |
| 3 | 485.0459 shs packaging corp of america | $47,607 | 2019-07-17 |
| 3 | 418.0965 shs starbucks corp | $37,651 | 2019-07-17 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING & AUDIT FEES | CategoryTxt |
| Amt | $116,500 | Amt |
| Net Investment Income | $5,300 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $5,300 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $107,200 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (52 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt |
|---|---|---|---|---|---|---|
| 2016 FORD TR-350 | 2018-09-01 | $27,622 | $1,841 | SL | 5 | $5,524 |
| 2016 FORD TR-350 | 2018-09-01 | $26,572 | $1,771 | SL | 5 | $5,314 |
| 2018 FORD F250 | 2018-10-11 | $54,217 | $2,710 | SL | 5 | $10,843 |
| WEB - BENJAMIN CR | 2018-09-01 | $11,000 | $1,222 | SL | 3 | $3,667 |
| WEB - REGISTER | 2018-09-01 | $4,230 | $470 | SL | 3 | $1,410 |
| WEB - WEBSITE CONS | 2018-09-01 | $19,990 | $2,221 | SL | 3 | $6,663 |
| WEB - ENTERMEDIA | 2018-09-01 | $164,860 | $18,318 | SL | 3 | $54,953 |
| WEB | 2018-09-01 | $7,500 | $833 | SL | 3 | $2,500 |
| APPLE COMPUTER | 2018-09-01 | $710 | $47 | SL | 5 | $142 |
| APPLE COMPUTER | 2018-09-01 | $1,610 | $107 | SL | 5 | $322 |
| APPLE COMPUTER | 2018-09-01 | $790 | $53 | SL | 5 | $158 |
| APPLE COMPUTER | 2018-09-01 | $1,170 | $78 | SL | 5 | $234 |
| APPLE COMPUTER | 2018-09-01 | $790 | $53 | SL | 5 | $158 |
| ACCESSORIES | 2018-09-01 | $500 | $33 | SL | 5 | $100 |
| APPLE COMPUTER | 2018-09-01 | $1,220 | $81 | SL | 5 | $244 |
| APPLE COMPUTER | 2018-09-01 | $1,230 | $82 | SL | 5 | $246 |
| HP PRINTER | 2018-09-01 | $1,850 | $123 | SL | 5 | $370 |
| ACCESSORIES | 2018-09-01 | $390 | $26 | SL | 5 | $78 |
| APPLE COMPUTER | 2018-09-01 | $2,338 | $156 | SL | 5 | $468 |
| MUSIC LICENSE | 2018-09-01 | $100 | $17 | SL | 2 | $50 |
| CIFUENTES DESIGN | 2018-09-01 | $60,627 | $10,105 | SL | 2 | $30,314 |
| HIGHROAD PRESS | 2018-09-01 | $8,500 | $1,417 | SL | 2 | $4,250 |
| BRIAN GRAZIA | 2018-09-01 | $75 | $13 | SL | 2 | $38 |
| LAURA CONTE | 2018-09-01 | $14,845 | $2,474 | SL | 2 | $7,423 |
| MARVIN HEIFERMAN | 2018-09-01 | $6,489 | $1,082 | SL | 2 | $3,245 |
| RIZZOLI INT'L PUB | 2018-09-01 | $76,962 | $12,827 | SL | 2 | $38,481 |
| DOMENCIO PALMA | 2018-09-01 | $4,353 | $726 | SL | 2 | $2,177 |
| ARTBOOK | 2018-09-01 | $4,877 | $813 | SL | 2 | $2,439 |
| PHOTO EQUIPMENT | 2018-09-01 | $3,220 | $215 | SL | 5 | $644 |
| SCISSOR LIFT | 2018-09-01 | $8,670 | $578 | SL | 5 | $1,734 |
| AV SYSTEM | 2018-09-01 | $47,190 | $3,146 | SL | 5 | $9,438 |
| AV SYSTEM | 2018-09-01 | $8,220 | $548 | SL | 5 | $1,644 |
| OFFICE FURNITURE | 2018-09-01 | $8,090 | $385 | SL | 7 | $1,156 |
| PEDESTALS | 2018-09-01 | $1,000 | $47 | SL | 7 | $143 |
| OFFICE FURNITURE | 2018-09-01 | $1,170 | $56 | SL | 7 | $167 |
| OFFICE FURNITURE | 2018-09-01 | $19,780 | $942 | SL | 7 | $2,826 |
| OFFICE FURNITURE | 2018-09-01 | $1,340 | $64 | SL | 7 | $191 |
| PEDESTALS | 2018-09-01 | $670 | $32 | SL | 7 | $96 |
| OFFICE FURNITURE | 2018-09-01 | $23,340 | $1,111 | SL | 7 | $3,334 |
| TABLES | 2018-09-01 | $10,300 | $490 | SL | 7 | $1,471 |
| SEATS TAG | 2018-09-01 | $940 | $45 | SL | 7 | $134 |
| OFFICE FURNITURE | 2018-09-01 | $4,350 | $207 | SL | 7 | $621 |
| LIGHT FIXTURES | 2018-09-01 | $2,120 | $101 | SL | 7 | $303 |
| EASY CHAIRS | 2018-10-22 | $17,745 | $634 | SL | 7 | $2,535 |
| FILING CABINETS | 2018-11-14 | $5,869 | $140 | SL | 7 | $838 |
| LOGO | 2018-09-01 | $14,280 | $680 | SL | 7 | $2,040 |
| SIGNAGE | 2018-09-01 | $18,080 | $861 | SL | 7 | $2,583 |
| 2019 FORD ECOSPORT | 2019-09-01 | $24,329 | SL | 5 | $1,622 | |
| DINING TABLE | 2019-06-01 | $3,984 | SL | 7 | $332 | |
| BUILDING | 2019-11-22 | $10,270,000 | SL | 39 | $28,137 | |
| LAND | 2019-11-22 | $254,791 | L | |||
| PAVILION CONSTRUCT | 2019-12-31 | $40,884 |
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FONDAZIONE ICA MILANO | BusinessNameLine1Txt |
Foreign Address ForeignAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | VIA OROBIA 26 | AddressLine1Txt |
| City | MILANO | CityNm |
| Country | IT | CountryCd |
| Foreign Postal | 20139 | ForeignPostalCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant | 2019-06-17 | GrantDt |
| Grant | $5,702 | GrantAmt |
| Purpose Of Grant | IN SUPPORT OF tHE ARTISTIC AND CULTURAL ACTIVITIES PROMOTED BY THE ORGANIZATION | PurposeOfGrantTxt |
| Expended By Grantee | $5,702 | ExpendedByGranteeAmt |
| Any Diversion By Grantee | NO | AnyDiversionByGranteeTxt |
| Dates Of Reports By Grantee | 04/11/2020 | DatesOfReportsByGranteeTxt |
| Results Of Verification | THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE. | ResultsOfVerificationTxt |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (52 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt |
|---|---|---|---|
| 2016 FORD TR-350 | $27,622 | $7,365 | $20,257 |
| 2016 FORD TR-350 | $26,572 | $7,085 | $19,487 |
| 2018 FORD F250 | $54,217 | $13,553 | $40,664 |
| WEB - BENJAMIN CR | $11,000 | $4,889 | $6,111 |
| WEB - REGISTER | $4,230 | $1,880 | $2,350 |
| WEB - WEBSITE CONS | $19,990 | $8,884 | $11,106 |
| WEB - ENTERMEDIA | $164,860 | $73,271 | $91,589 |
| WEB | $7,500 | $3,333 | $4,167 |
| APPLE COMPUTER | $710 | $189 | $521 |
| APPLE COMPUTER | $1,610 | $429 | $1,181 |
| APPLE COMPUTER | $790 | $211 | $579 |
| APPLE COMPUTER | $1,170 | $312 | $858 |
| APPLE COMPUTER | $790 | $211 | $579 |
| ACCESSORIES | $500 | $133 | $367 |
| APPLE COMPUTER | $1,220 | $325 | $895 |
| APPLE COMPUTER | $1,230 | $328 | $902 |
| HP PRINTER | $1,850 | $493 | $1,357 |
| ACCESSORIES | $390 | $104 | $286 |
| APPLE COMPUTER | $2,338 | $624 | $1,714 |
| MUSIC LICENSE | $100 | $67 | $33 |
| CIFUENTES DESIGN | $60,627 | $40,419 | $20,208 |
| HIGHROAD PRESS | $8,500 | $5,667 | $2,833 |
| BRIAN GRAZIA | $75 | $51 | $24 |
| LAURA CONTE | $14,845 | $9,897 | $4,948 |
| MARVIN HEIFERMAN | $6,489 | $4,327 | $2,162 |
| RIZZOLI INT'L PUB | $76,962 | $51,308 | $25,654 |
| DOMENCIO PALMA | $4,353 | $2,903 | $1,450 |
| ARTBOOK | $4,877 | $3,252 | $1,625 |
| PHOTO EQUIPMENT | $3,220 | $859 | $2,361 |
| SCISSOR LIFT | $8,670 | $2,312 | $6,358 |
| AV SYSTEM | $47,190 | $12,584 | $34,606 |
| AV SYSTEM | $8,220 | $2,192 | $6,028 |
| OFFICE FURNITURE | $8,090 | $1,541 | $6,549 |
| PEDESTALS | $1,000 | $190 | $810 |
| OFFICE FURNITURE | $1,170 | $223 | $947 |
| OFFICE FURNITURE | $19,780 | $3,768 | $16,012 |
| OFFICE FURNITURE | $1,340 | $255 | $1,085 |
| PEDESTALS | $670 | $128 | $542 |
| OFFICE FURNITURE | $23,340 | $4,445 | $18,895 |
| TABLES | $10,300 | $1,961 | $8,339 |
| SEATS TAG | $940 | $179 | $761 |
| OFFICE FURNITURE | $4,350 | $828 | $3,522 |
| LIGHT FIXTURES | $2,120 | $404 | $1,716 |
| EASY CHAIRS | $17,745 | $3,169 | $14,576 |
| FILING CABINETS | $5,869 | $978 | $4,891 |
| LOGO | $14,280 | $2,720 | $11,560 |
| SIGNAGE | $18,080 | $3,444 | $14,636 |
| 2019 FORD ECOSPORT | $24,329 | $1,622 | $22,707 |
| DINING TABLE | $3,984 | $332 | $3,652 |
| BUILDING | $10,270,000 | $28,137 | $10,241,863 |
| LAND | $254,791 | $254,791 | |
| PAVILION CONSTRUCT | $40,884 | $40,884 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $18,591 | LegalFeesAmt |
| Disbursements Charitable Prps | $21,639 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (12 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| ADVERTISING EXPENSES | $191,416 | $178,825 | |
| AUTOMOBILE EXPENSES | $8,364 | $9,371 | |
| INSURANCE | $76,428 | $80,947 | |
| REPAIRS AND MAINTENANCE | $196,152 | $213,536 | |
| SUPPLIES | $65,311 | $69,949 | |
| TELEPHONE | $21,858 | $22,851 | |
| WEBSITE | $109,150 | $106,785 | |
| OTHER ADMINISTRATIVE EXPENSES | $61,353 | $60,313 | |
| ART INSTALLATION | $23,234 | $23,234 | |
| RESEARCH CENTER | $34,425 | $37,540 | |
| EVENT EXPENSES | $206,575 | $171,000 | $3,370 |
| DRIVER | $24,716 | $24,716 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|
| Program Event & ROyalty Income | $3,370 | $3,370 |
| SALES TAX REFUND | $11,219 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (5 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| CONSULTING FEES | $47,872 | $47,812 |
| DESIGN CONSULTING | $56,000 | $48,000 |
| PUBLIC RELATIONS | $133,151 | $133,151 |
| ART INSTALLER | $22,756 | $22,756 |
| OTHER PROFESSIONAL FEES | $16,778 | $16,778 |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor Detail SubstantialContributorDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Olspan LLC | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O Eisneramper llp 733 third ave | AddressLine1Txt |
| City | new york | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10017 | ZIPCd |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | EXCISE TAXES | CategoryTxt |
| Amt | $34,601 | Amt |
| Disbursements Charitable Prps | $34,601 | DisbursementsCharitablePrpsAmt |