Art Dealers Association Foundation Inc in New York, New York (NY)
Table of contents:
| Art Dealers Association Foundation Inc | |
| Employer Identification Number (EIN) | 237089275 |
| Name of Organization | Art Dealers Association Foundation Inc |
| Address | 205 Lexington Ave Rm 901, New York, NY 10016-6022 |
| Activities | Other cultural or historical activities, Other school related activities, Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 03/1971 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 10/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $363,622 |
| Amount of Income | $32,977 |
| Form 990 Revenue Amount | $32,977 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2014: $32,977 (it was $248,681 in 2013)
| This organization: | $32,977 |
| Other organizations performing similar types of work: | $346,091 |
Assets in 2014: $363,622 (it was $374,175 in 2013)
| Art Dealers Association Foundation Inc: | $363,622 |
| Other organizations performing similar types of work: | $473,803 |
Expenses in 2014: $43,530
| This organization: | $43,530 |
| Other organizations performing similar types of work: | $165,127 |
Income to expenses ratio in 2014: 0.8
| This organization: | 0.8 |
| Other organizations performing similar types of work: | 1.3 |
Grants share in income in 2014: 99.8%
| Art Dealers Association Foundation Inc: | 99.8% |
| Other organizations performing similar types of work: | 60.1% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $24,918 | $32,977 | |
| Contributions, gifts, grants, and similar amounts received | $24,850 | $32,900 | |
| Program service revenue including government fees and contracts | $0 | $0 | |
| Membership dues and assessments | $0 | $0 | |
| Investment income | $68 | $77 | |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | |
| Other revenue | $0 | $0 | |
| Total expenses | $26,372 | $43,530 | |
| Total net assets | $188,966 | $363,622 | |
| Excess/Deficit for the year | $-1,454 | $-10,553 | |
| Net assets or fund balances at beginning of year | $190,420 | $374,175 | |
| Other changes in net assets or fund balances | $0 | $0 | |
| Net assets or fund balances at end of year | $188,966 | $363,622 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $188,966 | $374,175 | $363,622 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $188,966 | $363,622 | |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | |
| Has the organization filed a Form 990-T for the year? | No | No | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | |
| Gross receipts for public use of club facilities | $0 | $0 | |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No |
| Reason for Public Charity Status (for 2014) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public Support | $311,550 |
| Subtotal Support | $311,550 |
| Gifts, grants, contributions, and membership fees received | $311,550 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $312,793 |
| Public Support | $311,550 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $1,243 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | New York Foundation For The Arts Inc | 20 Jay St Ste 740, Brooklyn, NY 11201-8352 | NY | 1994-07 | $7,441,969 |
| 2 | The New York Music For Youth Foundation Inc, New York Music For Youth Foundation | 130 E 59th St Ste 840, New York, NY 10022-1302 | NY | 2004-08 | $294,834 |
| 3 | Tobin Endowment Tr, Bugg J Bruce Jr Ttee | PO BOX 90869, San Antonio, TX 78209-9092 | TX | 1999-09 | $48,802,146 |
| 4 | United Performing Arts Fund Inc | 301 W Wisconsin Ave Ste 600, Milwaukee, WI 53203-2232 | WI | 1967-03 | $12,569,371 |
| 5 | America-Israel Cultural Foundation Inc | 1140 Broadway Rm 304, New York, NY 10001-7861 | NY | 1951-05 | $7,659,654 |
| 6 | United Arts Of Central Florida Inc | 2450 Maitland Center Pkwy Ste 201, Maitland, FL 32751-4140 | FL | 1967-09 | $6,400,093 |
| 7 | Virginia Foundation For The Humanities And Public Policy | 145 Ednam Dr, Charlottesvle, VA 22903-4629 | VA | 1989-01 | $4,936,095 |
| 8 | Music Performance Trust Fund | 1501 Broadway Ste 600, New York, NY 10036-5501 | NY | 1950-07 | $1,201,939 |
| 9 | Scottsdale League For The Arts | 7309 E Evans Rd, Scottsdale, AZ 85260-3101 | AZ | 1981-08 | $1,095,604 |
| 10 | Walton Arts Center Foundation Inc | PO BOX 3547, Fayetteville, AR 72702-3547 | AR | 1988-08 | $659,475 |
| 11 | Veterans Fund Inc | 1390 Columbia Ave 210, Lancaster, PA 17603-4743 | PA | 1999-02 | $437,094 |
| 12 | Viennese Opera Ball | 575 Madison Avenue 10th Floor, New York, NY 10022-2511 | NY | 1994-09 | $373,860 |
| 13 | Moorpark Foundation For The Arts | PO BOX 157, Moorpark, CA 93020-0157 | CA | 2009-08 | $367,267 |
| 14 | Tennessee Fox Trot Carousel, National Bank Of Commerce | 4525 Harding Pike, Nashville, TN 37205-2119 | TN | 1997-04 | $351,596 |
| 15 | The James A Doolittle Foundation | 1888 Century Park E Ste 4th Fl, Los Angeles, CA 90067-1702 | CA | 1955-03 | $346,091 |
| 16 | Fund For The Arts Of Chautauqua County Inc | 715 Falconer St, Jamestown, NY 14701-1935 | NY | 1986-10 | $55,211 |
| 17 | Art Dealers Association Foundation Inc | 205 Lexington Ave Rm 901, New York, NY 10016-6022 | NY | 1971-03 | $32,977 |
| 18 | Royal Conservatory Of Music Foundation | 200 Delaware Ave Ste 900, Buffalo, NY 14202-2107 | NY | 1996-02 | $10,462 |
| 19 | Arts International Inc | 1501 Broadway Ste 1313, New York, NY 10036-5505 | NY | 1999-07 | $0 |
| 20 | The Haydn Foundation For The Cultural Arts | 466 Saw Mill River Road, Ardsley, NY 10502 | NY | 1975-06 | $0 |
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