THE MIKE KELLEY FOUNDATION FOR THE ARTS: Form 990PF, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- THE MIKE KELLEY FOUNDATION FOR THE ARTS (EIN 30-0434789)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-08-29
- IRS object ID
- 201902419349101005
- Schema version
- 2018v3.1
- 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
- Accounting Fees Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-08-29T16:02:23-05:00 | ReturnTs |
| Tax Period End | 2018-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 952302617 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SINGERLEWAK LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10960 WILSHIRE BLVD STE 700 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 900243783 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2018-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 300434789 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE MIKE KELLEY FOUNDATION FOR THE ARTS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MIKE | BusinessNameControlTxt |
| Phone | 3232577853 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7019 N FIGUEROA STREET | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90042 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ED RADA | PersonNm |
| Person Title | BOARD TREASURER | PersonTitleTxt |
| Phone | 3232577853 | PhoneNum |
| Signature | 2019-08-28 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LIOR TEMKIN | PreparerPersonNm |
| PTIN | P00748170 | PTIN |
| Phone | 3104773924 | PhoneNum |
| Preparation | 2019-08-28 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 206.169.119.90 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2019-08-28 | IPDt |
| IP Tm | 16:10:39 | IPTm |
| IP Timezone | PD | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 7CEEDB03FBC475960D0FBF776ECF2F96CCCDE7FC | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 93946B02A6B4728370F8E9FFDBA8419D4E7D8068 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $87,257,707 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $522,169 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $522,169 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $781,101 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $2,628,851 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $781,101 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $528,231 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $518,620 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $1,831,501 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,821,890 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $132,848 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $132,848 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $185,575 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $182,712 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $23,818 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $23,818 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $28,467 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $30,460 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $89,770 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $8,925 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $86,856 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $184,764 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $87,142 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $67,582 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $38,730 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $39,743 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $28,632 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Occupancy Rev And Expnss | $43,311 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $0 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $43,236 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $21,987 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $20,838 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $190,295 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $188,831 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $968,197 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $96,067 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $816,924 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $425,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $425,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,393,197 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $96,067 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,241,924 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $438,304 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,725,823 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $9,692,317 | CashBOYAmt |
| Cash EOY | $500,096 | CashEOYAmt |
| Cash EOYFMV | $500,096 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $2,182,478 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $2,056,185 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $2,056,185 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $79,840 | AcctRcvblAmt |
| Acct Rcvbl BOY | $53,457 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $79,840 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $79,840 | AcctRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $58,677 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $37,052 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $37,052 | PrepaidExpensesEOYFMVAmt |
| Corporate Stock BOY | $6,803,766 | CorporateStockBOYAmt |
| Corporate Stock EOY | $9,592,275 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $9,592,275 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $4,503,027 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $9,909,881 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $9,909,881 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $888,609 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $97,614 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $772,261 | LandBOYAmt |
| Land EOY | $790,995 | LandEOYAmt |
| Land EOYFMV | $790,995 | LandEOYFMVAmt |
| Other Assets BOY | $65,519,860 | OtherAssetsBOYAmt |
| Other Assets EOY | $64,291,383 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $64,291,383 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $89,585,843 | TotalAssetsBOYAmt |
| Total Assets EOY | $87,257,707 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $87,257,707 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $37,514 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $61,157 | AccountsPayableEOYAmt |
| Other Liabilities BOY | $840,652 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $156,347 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $878,166 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $217,504 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| 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 | $88,707,677 | RetainedEarningBOYAmt |
| Retained Earning EOY | $87,040,203 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $88,707,677 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $87,040,203 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $89,585,843 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $87,257,707 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $88,707,677 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $438,304 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $89,145,981 | SubtotalAmt |
| Other Decreases | $2,105,778 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $87,040,203 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| SALE OF ARTWORK | P | 2014-11-01 | 2018-12-31 | $2,116,000 | $1,847,750 | $268,250 | $268,250 |
| REALIZED GAIN FROM INVESTMENTS | P | 2018-01-01 | 2018-12-31 | $512,851 | $512,851 | $512,851 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $781,101 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $1,027,996 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $21,730,118 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.047307 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $1,399,872 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $19,556,855 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.071580 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $716,299 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $15,179,898 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.047187 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $145,939 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $2,790,375 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.052301 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $48,382 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $995,499 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.048601 | DistributionYr5Rt |
| Total Distribution | 0.266976 | TotalDistributionRt |
| Average Distribution | 0.053395 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $24,942,734 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $1,331,817 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $17,258 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $1,349,075 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $1,241,924 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $34,516 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $34,516 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $34,516 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $22,240 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $20,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $42,240 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $53 | EsPenaltyAmt |
| Overpayment | $7,671 | OverpaymentAmt |
| Applied To ES Tax | $7,671 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 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 | MIKEKELLEYFOUNDATION.ORG | WebsiteAddressTxt |
| Individual With Books | MARY CLARE STEVENS | IndividualWithBooksNm |
| Phone | 3232577853 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7019 N FIGUEROA STREET | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90042 | 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 | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 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 (8 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 |
|---|---|---|---|---|---|---|---|---|
| JOHN WELCHMAN | ||||||||
| 7019 N FIGUEROA ST | LOS ANGELES | CA | 90042 | CHAIRMAN | 1.00 | $0 | $0 | $0 |
| JAMES SHAW | ||||||||
| 7019 N FIGUEROA ST | LOS ANGELES | CA | 90042 | BOARD MEMBER | 1.00 | $0 | $0 | $0 |
| STEPHANIE BARRON | ||||||||
| 7019 N FIGUEROA ST | LOS ANGELES | CA | 90042 | BOARD MEMBER | 1.00 | $0 | $0 | $0 |
| JOAN WEINSTEIN | ||||||||
| 7019 N FIGUEROA ST | LOS ANGELES | CA | 90042 | SECRETARY | 1.00 | $0 | $0 | $0 |
| GARY CYPRES | ||||||||
| 7019 N FIGUEROA ST | LOS ANGELES | CA | 90042 | TREASURER | 1.00 | $0 | $0 | $0 |
| CATHY OPIE | ||||||||
| 7019 N FIGUEROA ST | LOS ANGELES | CA | 90042 | BOARD MEMBER | 1.00 | $0 | $0 | $0 |
| ED RADA | ||||||||
| 7019 N FIGUEROA ST | LOS ANGELES | CA | 90042 | BOARD MEMBER | 1.00 | $0 | $0 | $0 |
| MARY CLARE STEVENS | ||||||||
| 7019 N FIGUEROA ST | LOS ANGELES | CA | 90042 | EXECUTIVE DIRECTOR | 50.00 | $132,848 | $4,010 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt | Expense AccountExpenseAccountAmt |
|---|---|---|---|---|---|---|---|---|
| MARK LIGHTCAP | ||||||||
| 7019 N FIGUEROA ST | LOS ANGELES | CA | 90042 | COLLECTIONS & FACILI | 40.00 | $78,897 | $2,387 | $0 |
| ANDREW GREENE | ||||||||
| 7019 N FIGUEROA ST | LOS ANGELES | CA | 90042 | ADMINISTRATIVE COORD | 40.00 | $52,556 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| JP MORGAN | |||||
| 2029 CENTURY PARK EAST 39TH FL | LOS ANGELES | CA | 90067 | INVESTMENT ADVISORY | $87,142 |
| DJK CONSULTING | |||||
| 1716 ALAMITAS AVE UNIT D | MONROVIA | CA | 91016 | BOOKKEEPING | $59,500 |
| 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 MIKE KELLEY FOUNDATION FOR THE ARTS (THE "FOUNDATION") WAS ESTABLISHED BY THE ARTIST MIKE KELLEY IN 2007 AND SEEKS TO FURTHER KELLEY'S PHILANTHROPIC WORK THROUGH GRANTS FOR INNOVATIVE PROJECTS THAT REFLECT HIS MULTIFACETED ARTISTIC PRACTICE. THE FOUNDATION ALSO PRESERVES MIKE KELLEY'S LEGACY MORE BROADLY AND ADVANCES THE UNDERSTANDING OF HIS LIFE AND CREATIVE ACHIEVEMENTS. THE FOUNDATION'S FIRST FORMAL GRANTS INITIATIVE COMMENCED IN 2016 TO PROVIDE SUPPORT TO LOS ANGELES NONPROFIT INSTITUTIONS AND ORGANIZATIONS FOR PROJECTS WITH VISUAL ARTISTS OR ARTIST COLLECTIVES. THE GOAL IS TO BENEFIT ARTISTS AND ARTS ORGANIZATIONS ALIKE, AND TO SUPPORT COMPELLING, INVENTIVE, AND CHALLENGING WORK IN ANY MEDIUM. THE FOUNDATION WILL WORK WITH LOCAL NONPROFITS TO SUPPORT ARTIST-CENTERED PROJECTS OR SERIES OF PROJECTS, PARTICULARLY THE CREATION OF NEW WORKS, AS WELL AS DYNAMIC COLLABORATIONS BETWEEN ARTISTS AND HOST ORGANIZATIONS. | Description1Txt |
| Expenses1 | $1,241,924 | Expenses1Amt |
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 | $20,484,867 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $2,735,645 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $2,102,061 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $25,322,573 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $25,322,573 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $379,839 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $24,942,734 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,247,137 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,247,137 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $34,516 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $34,516 | TotalTaxAmt |
| Distributable Before Adj | $1,212,621 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $1,212,621 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $1,212,621 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,241,924 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,241,924 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,241,924 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,212,621 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr2 | $418,442 | ExcessDistributionCyovYr2Amt |
| Total Excess Distribution Cyov | $418,442 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,241,924 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $1,212,621 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $29,303 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $447,745 | 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 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $447,745 | ExcessDistriCyovToNextYrAmt |
| Excess From Year2 | $418,442 | ExcessFromYear2Amt |
| Excess From Current Year | $29,303 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | THE ORGANIZATION | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7019 N FIGUEROA ST | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90042 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 3232577856 | RecipientPhoneNum |
| Form And Info And Materials | PLEASE SEE THE FOUNDATION'S WEBSITE FOR DETAIL | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | OCTOBER 31ST OF EACH YEAR | SubmissionDeadlinesTxt |
| Restrictions On Awards | MUST BE SPENT ON ART RELATED ACTIVITIES: EDUCATION, PROMOTION, AND ADVANCEMENT OF ARTS. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| MUSEUM OF CONTEMPORARY ART DETROIT-MOCAD | |||||||
| 4454 WOODWARD AVE | DETROIT | MI | 48201 | NONE | PC | EDUCATION, PROMOTION, AND ADVANCEMENT OF ART | $50,000 |
| JOAN LOS ANGELES | |||||||
| 4300 WEST JEFFERSON BLVD SUITE 1 | LOS ANGELES | CA | 90016 | NONE | PC | EDUCATION, PROMOTION, AND ADVANCEMENT OF ART | $45,000 |
| THE UNDERGROUND MUSEUM INC | |||||||
| 3508 W WASHINGTON BLVD | LOS ANGELES | CA | 90018 | NONE | PC | EDUCATION, PROMOTION, AND ADVANCEMENT OF ART | $45,000 |
| LAXART | |||||||
| 7000 SANTA MONICA BLVD | LOS ANGELES | CA | 90038 | NONE | PC | EDUCATION, PROMOTION, AND ADVANCEMENT OF ART | $45,000 |
| ARMAND HAMMER MUSEUM & CULTURAL CENTER INC | |||||||
| 10899 WILSHIRE BLVD | LOS ANGELES | CA | 90024 | NONE | PC | EDUCATION, PROMOTION, AND ADVANCEMENT OF ART | $40,000 |
| LA FREEWAVES | |||||||
| 6522 HOLLYWOOD BLVD | LOS ANGELES | CA | 90028 | NONE | PC | EDUCATION, PROMOTION, AND ADVANCEMENT OF ART | $40,000 |
| MUSEUM OF CONTEMPORARY ART LOS ANGELES | |||||||
| 250 SOUTH GRAND AVENUE | LOS ANGELES | CA | 90012 | NONE | PC | EDUCATION, PROMOTION, AND ADVANCEMENT OF ART | $40,000 |
| MUSEUM OF LATIN AMERICAN ART | |||||||
| 628 ALAMITOS AVE | LONG BEACH | CA | 90802 | NONE | PC | EDUCATION, PROMOTION, AND ADVANCEMENT OF ART | $40,000 |
| FULCRUM ARTS | |||||||
| 495 E COLORADO BLVD | PASADENA | CA | 91101 | NONE | PC | EDUCATION, PROMOTION, AND ADVANCEMENT OF ART | $40,000 |
| SELF-HELP GRAPHICS AND ARTS INC | |||||||
| 1300 E 1ST STREET | LOS ANGELES | CA | 90033 | NONE | PC | EDUCATION, PROMOTION, AND ADVANCEMENT OF ART | $40,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $425,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $522,169 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 15 | ExclusionCd |
| Exclusion | $485,570 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $781,101 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (3 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|
| RESALES | 01 | $33,050 |
| OTHER INCOME | 01 | $7,181 |
| CURRENT AND DEFERRED FEDERAL EXCISE TAX | 01 | $2,430 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $1,831,501 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,831,501 | 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 (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| BOOKKEEPING | $59,500 | $8,925 | $51,003 |
| ACCOUNTING | $30,270 | $0 | $35,853 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (5 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| US EQUITIES | $5,491,742 | $5,491,742 |
| EAFE EQUITIES | $2,021,081 | $2,021,081 |
| INTERNATIONAL EQUITIES | $985,310 | $985,310 |
| EMERGING MARKETS EQUITIES | $919,622 | $919,622 |
| GLOBAL EQUITIES | $174,520 | $174,520 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| ALTERNATIVE ASSETS | FMV | $1,373,680 | $1,373,680 |
| SHORT TERM BONDS | FMV | $8,536,201 | $8,536,201 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL | CategoryTxt |
| Legal Fees | $28,467 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $30,460 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (5 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| BENEFICIAL INTEREST IN TRUST | $29,640 | $0 | $0 |
| ARTWORK | $65,470,146 | $64,257,906 | $64,257,906 |
| INVESTMENT IN KELLEY STUDIO | $20,074 | $10,067 | $10,067 |
| DEFERRED EXCISE TAXES | $0 | $16,750 | $16,750 |
| DEPOSITS | $0 | $6,660 | $6,660 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED LOSS ON INVESTMENTS | Desc |
| Amt | $2,105,778 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (10 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| REPAIRS AND MAINTENANCE | $23,271 | $0 | $23,214 |
| OFFICE SUPPLIES | $26,842 | $0 | $27,493 |
| TELEPHONE | $4,409 | $0 | $4,409 |
| INSURANCE | $83,845 | $0 | $82,043 |
| DUES & SUBSCRIPTION | $2,758 | $0 | $2,758 |
| UTILITIES | $12,341 | $0 | $12,316 |
| LICENSES | $559 | $0 | $0 |
| PAYROLL PROCESSING | $5,471 | $0 | $5,471 |
| WEBSITE | $14,750 | $0 | $14,275 |
| PROGRAM EXPENSES | $16,049 | $0 | $16,852 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| ROYALTY INCOME | $485,570 | $485,570 | $485,570 |
| RESALES | $33,050 | $33,050 | $33,050 |
| OTHER INCOME | $7,181 | $7,181 | |
| CURRENT AND DEFERRED FEDERAL EXCISE TAX | $2,430 | $2,430 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (4 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| DEFERRED EXCISE TAXES | $24,556 | $0 |
| DEPOSITS | $808,721 | $0 |
| EXCISE TAX PAYABLE | $7,375 | $0 |
| DEFERRED REVENUE | $0 | $156,347 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| OUTSIDE SERVICES | $31,538 | $0 | $22,353 |
| CONTRACTORS | $66,084 | $0 | $45,229 |
| BROKERAGE FEES | $87,142 | $87,142 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| PAYROLL TAXES | $26,461 | $0 | $26,461 |
| PROPERTY TAXES | $11,943 | $0 | $13,282 |
| STATE/LOCAL TAXES | $326 | $0 | $0 |