Doris Duke Foundation For Islamic Art 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
| Doris Duke Foundation For Islamic Art | |
| Employer Identification Number (EIN) | 050523809 |
| Name of Organization | Doris Duke Foundation For Islamic Art |
| In Care of Name | Doris Duke Charitable Foundation |
| Address | 650 5th Ave Fl 19, New York, NY 10019-6108 |
| Subsection | Charitable Organization |
| Ruling Date | 12/2003 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $5,000,000 to $9,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $34,538,919 |
| Amount of Income | $6,319,922 |
| Form 990 Revenue Amount | $7,186,258 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Art Museums |
Non-representatives - add comments:
Amount of income in 2013: $6,319,922 (it was $7,937,487 in 2012)
| This organization: | $6,319,922 |
| Other organizations performing similar types of work: | $85,415 |
Assets in 2013: $34,538,919 (it was $34,441,056 in 2012)
| This organization: | $34,538,919 |
| Other organizations performing similar types of work: | $116,686 |
Expenses in 2012: $7,677,977
| Doris Duke Foundation For Islamic Art: | $7,677,977 |
| Other organizations performing similar types of work: | $69,526 |
Income to expenses ratio in 2012: 0.8
| This organization: | 0.8 |
| Other organizations performing similar types of work: | 1.7 |
Grants share in income in 2012: 99.6%
| This organization: | 99.6% |
| Other organizations performing similar types of work: | 100.0% |
Revenue for 2012
Expenses for 2012
| 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 | $7,937,487 | $0 | $34,015 | |
| Contributions, gifts, grants, etc., received | $7,903,472 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $34,015 | |||
| Total expenses and disbursements | $7,677,977 | $0 | $0 | $6,382,226 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $5,093,812 | $0 | $4,844,876 | |
| Contributions, gifts, grants paid | $2,584,165 | |||
| Excess of revenue over expenses and disbursements | $259,510 | |||
| Net investment income | $0 | |||
| Adjusted net income | $34,015 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $34,441,056 | $34,441,056 |
| Cash - non-interest-bearing | $-45,741 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $34,486,797 | |
| Total liabilities | $4,230,342 | |
| Mortgages and other notes payable | $0 | |
| Other | $4,230,342 | |
| Total liabilities and net assets/fund balances | $30,210,714 | |
| 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 |
| Overpayment | $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 | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| 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 | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $34,441,056 | $33,331,796 | $32,469,063 | $32,217,228 | $132,459,143 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $34,441,056 | $33,331,796 | $32,469,063 | $32,217,228 | $132,459,143 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| 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 | Gabarron Foundation | 149 E 38th St, New York, NY 10016-2604 | NY | 2014-09 | $797,384 |
| 2 | Sasson Soffer Foundation Inc | PO BOX 1161, Amagansett, NY 11930-1161 | NY | 1999-03 | $436,448 |
| 3 | Art Connects New York Inc | 491 Broadway Suite 500, New York, NY 10012 | NY | 2008-07 | $121,645 |
| 4 | Carriage Trade Gallery Corporation | 117 Grattan Street, Brooklyn, NY 11237-1725 | NY | 2012-05 | $94,034 |
| 5 | Slobodkina Foundation | PO BOX 68, Northport, NY 11768-0068 | NY | 2002-10 | $72,949 |
| 6 | Western New York Artists Group Inc | 1 Linwood Ave, Buffalo, NY 14209-2203 | NY | 1997-02 | $69,909 |
| 7 | Windsor Whip Works Art Center Inc | PO BOX 7, Windsor, NY 13865-0007 | NY | 2009-09 | $56,980 |
| 8 | Shirley Gorelick Foundation Inc | PO BOX 15014, Albany, NY 12212-5014 | NY | 2014-08 | $20,000 |
| 9 | Plus 91 Foundation | 163 Plymouth St, Brooklyn, NY 11201-1150 | NY | 2015-03 | $16,000 |
| 10 | Sd Research Center Inc | 4 W 43rd St, New York, NY 10036-7408 | NY | 2007-09 | $12,950 |
| 11 | Woven Spaces Inc | 853 Manhattan Avenue, Brooklyn, NY 11222-5971 | NY | 1997-02 | $12,043 |
| 12 | Friends Of The National Museum Of Mali Inc | 330 W 72nd St, New York, NY 10023-2641 | NY | 2013-08 | $1,000 |
| 13 | Morocco Palace Of Arts Foundation | 622 Third Avenue 33rd Floor, New York, NY 10017-6707 | NY | 2004-01 | $1 |
| 14 | Artsalive Inc | 40 North Salem Rd, Cross River, NY 10518 | NY | 2004-02 | $0 |
| 15 | Broadway Gallery Membership Group Inc, Fulton Street Gallery | 408 Fulton St, Troy, NY 12180-3310 | NY | 1995-02 | $0 |
| 16 | Bukharian Ethnographic Society Inc | 6311 Wetherole St, Rego Park, NY 11374 | NY | 2009-07 | $0 |
| 17 | Caribbean American Museum Of Cultural Arts | Po Box 100207, Brooklyn, NY 11210 | NY | 2005-01 | $0 |
| 18 | Cultural Museum Of African Art- The Eric Edwards Collection, Cultural Museum Of African Art | 213 Taaffe Pl Apt 111, Brooklyn, NY 11205-4379 | NY | 2015-04 | $0 |
| 19 | Ellipsis Community Arts Center Inc | 355 Franklin Ave Apt 7, Brooklyn, NY 11238-1420 | NY | 2001-04 | $0 |
| 20 | Green Inspired Art Inc | 40 West 15 Street 1c, New York, NY 10011 | NY | 2014-01 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 513 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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