American Foundation For Textile Art Inc in New York, New York (NY)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| American Foundation For Textile Art Inc | |
| Employer Identification Number (EIN) | 133893379 |
| Name of Organization | American Foundation For Textile Art Inc |
| Address | 499 Park Ave Ste 26th Fl, New York, NY 10022-1240 |
| Activities | Art exhibit, Other cultural or historical activities, Publishing activities |
| Subsection | Charitable Organization |
| Ruling Date | 03/1997 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Tax Period | 03/2012 |
| Assets | $1 to $9,999 |
| Income | $0 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $4,366 |
| Amount of Income | $0 |
| Form 990 Revenue Amount | $0 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Arts, Cultural Organizations - Multipurpose |
Non-representatives - add comments:
Amount of income in 2012: $0 (it was $0 in 2011)
| This organization: | $0 |
| Other organizations performing similar types of work: | $114,174 |
Assets in 2012: $4,366 (it was $6,606 in 2011)
| American Foundation For Textile Art Inc: | $4,366 |
| Other organizations performing similar types of work: | $91,147 |
Expenses in 2012: $2,240
| American Foundation For Textile Art Inc: | $2,240 |
| Other organizations performing similar types of work: | $107,011 |
Income to expenses ratio in 2012: 0.0
| American Foundation For Textile Art Inc: | 0.0 |
| Other organizations performing similar types of work: | 1.6 |
Grants share in income in 2012: -,nan,(ind)%
| This organization: | -,nan,(ind)% |
| Other organizations performing similar types of work: | 37.0% |
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $0 | $0 | $0 | |
| Total expenses and disbursements | $2,240 | $0 | $0 | $2,240 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $2,240 | $0 | $2,240 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-2,240 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $4,366 | $4,366 |
| Cash - non-interest-bearing | $4,366 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $4,366 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | Yes |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $6,047 |
| Net value of noncharitable-use assets | $5,960 |
| Minimum investment return | $298 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $1 | $0 | $0 | $0 | $1 |
| Qualifying distributions made directly for active conduct of exempt activities | $2,240 | $12,276 | $235 | $0 | $14,751 |
| Value of all assets | $1 | $0 | $0 | $0 | $1 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $199 | $319 | $625 | $633 | $1,776 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The One Club For Art & Copy | 260 5th Ave Fl 2, New York, NY 10001-6408 | NY | 1992-07 | $6,843,742 |
| 2 | The Sunshine Center Inc | 468 Boyle Rd, Port Jeff Sta, NY 11776-4202 | NY | 1994-02 | $309,468 |
| 3 | Triangle Arts Association Limited | 20 Jay St Ste 318, Brooklyn, NY 11201-8322 | NY | 1984-08 | $110,769 |
| 4 | Yonkers Puerto Rican Day Parade Foundation Inc | PO BOX 467, Yonkers, NY 10705-0467 | NY | 1991-11 | $89,800 |
| 5 | Turnabout Songs Inc | 315 Riverside Dr Apt 7c, New York, NY 10025-4100 | NY | 1991-12 | $26,109 |
| 6 | Circle Of Voices Inc | 891 Myrtle Avenue, Brooklyn, NY 11206 | NY | 1996-01 | $11,950 |
| 7 | Womens Forum Of Kodak Employees | PO BOX 15645, Rochester, NY 14615-0645 | NY | 1994-03 | $3,918 |
| 8 | Wyoming Arts Inc | 5 E 3rd St, New York, NY 10003-0801 | NY | 1998-08 | $1 |
| 9 | Akinwole Foundation Inc | PO BOX 84, Jamaica, NY 11434-0084 | NY | 1998-01 | $0 |
| 10 | American Foundation For Textile Art Inc | 499 Park Ave Ste 26th Fl, New York, NY 10022-1240 | NY | 1997-03 | $0 |
| 11 | American Jewish Public Relations Society Inc | 575 Lexington Ave Ste 600, New York, NY 10022-6102 | NY | 1994-06 | $0 |
| 12 | Artsmarter Inc | 311 W 84th St, New York, NY 10024-4245 | NY | 1996-10 | $0 |
| 13 | Asian Arts Foundation Inc | 45-54 193rd Street, Flushing, NY 11358 | NY | 1994-10 | $0 |
| 14 | Capital Area Consortium On Aging And Disability Inc | 29 Dartmouth St, Albany, NY 12209 | NY | 1994-09 | $0 |
| 15 | Floating Archives Inc | 607 E 11th St 10, Nyc, NY 10009 | NY | 1995-01 | $0 |
| 16 | Fly Art Ltd | 334 West 72nd Street No 5m, New York, NY 10023-2620 | NY | 1997-05 | $0 |
| 17 | Gba Inc, Global Business Association | PO BOX 537, New York, NY 10101-0537 | NY | 1995-03 | $0 |
| 18 | Global Sustainable Development Fund | 875 3rd Ave, New York, NY 10022-6225 | NY | 1997-03 | $0 |
| 19 | Historic Oakwood Cemetery Preservation Association Inc | Po Box 15065, Syracuse, NY 13215 | NY | 1992-08 | $0 |
| 20 | Homovisiones Inc, Vonronn Melita F Gen Ptr | PO BOX 487, Nanuet, NY 10954-0487 | NY | 1998-05 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 622 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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