Staten Island Institute Of Arts And Sciences in Staten Island, New York (NY)

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Staten Island Institute Of Arts And Sciences
Employer Identification Number (EIN)135564127
Name of OrganizationStaten Island Institute Of Arts And Sciences
Address75 Stuyvesant Pl, Staten Island, NY 10301-1912
ActivitiesMuseum, zoo, planetarium, etc.
SubsectionEducational Organization
Ruling Date06/1940
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationAssociation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$1,000,000 to $4,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$3,585,496
Amount of Income$3,136,665
Form 990 Revenue Amount$1,878,287
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Museum, Museum Activities


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Amount of income in 2014: $3,136,665 (it was $2,247,946 in 2013)
This organization: 

 $3,136,665
Other organizations performing similar types of work: 

 $433,282

Assets in 2014: $3,585,496 (it was $3,352,811 in 2013)
This organization: 

 $3,585,496
Other organizations performing similar types of work: 

 $1,224,023

Expenses in 2014: $1,871,157
This organization: 

 $1,871,157
Other organizations performing similar types of work: 

 $338,913

Income to expenses ratio in 2014: 1.7
This organization: 

 1.7
Other organizations performing similar types of work: 

 1.5

Number of employees in 2014: 41
This organization: 

 41
Other organizations performing similar types of work: 

 9

Grants share in income in 2014: 83.9%
Staten Island Institute Of Arts And Sciences: 

 83.9%
Other organizations performing similar types of work: 

 70.6%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Functional expenses for 2014

Support schedule

Checklist
201220132014
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?NoNoYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNoYes
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNoYes
Did the organization report an amount for land, buildings, and equipment?YesYesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other liabilities?NoNoNo
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYesYes
Did the organization obtain separate, independent audited financial statements for the tax year?YesYesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?YesNoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYesYes
Did the organization report more than $15,000 of gross income from gaming activities?NoNoNo
Did the organization operate one or more hospital facilities?NoNoNo
Did the organization attach a copy of its audited financial statements?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?NoYesNo
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNoNo
A family member of a current or former officer, director, trustee, or key employee?NoNoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNoNo
Did the organization receive more than $25,000 in non-cash contributions?YesYesYes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?YesYesYes
Did the organization liquidate, terminate, or dissolve and cease operations?NoNoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNoNo
Was the organization related to any tax-exempt or taxable entity?NoNoNo
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNoNo
Statements Regarding Other IRS Filings and Tax Compliance
2011201220132014
The number reported in Box 3 of Form 109651517
The number of Forms W-2G000
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return394041
Did the organization file all required federal employment tax returns?YesYesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNoNo
Has it filed a Form 990-T for this year?NoNoNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNoNo
Did the organization file Form 8886-T?NoNoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?YesYesYes
Did the organization notify the donor of the value of the goods or services provided?YesYesYes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNoNo
Initiation fees and capital contributions$0$0$0$0
Gross receipts for public use of club facilities $0$0$0$0
Gross income from members or shareholders$0$0$0$0
Gross income from other sources$0$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNoNo
The amount of tax-exempt interest received or accrued during the year$0$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0$0
The amount of reserves on hand$0$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNoNo
Has it filed a Form 720 to report these payments?NoNoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
201220132014
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$120,288$120,291$91,717
Total reportable compensation from related organizations$0$0$0
Total estimated amount of other compensation from the organization and related organizations$28,547$34,089$30,797
Total number of individuals who received more than $100,000 of reportable compensation from the organization110
Total number of independent contractors who received more than $100,000 of compensation from the organization000
Statement of Revenue
2011201220132014
Total revenue$1,911,664$1,586,754$2,247,946$1,878,287
Contributions, Gifts, Grants and Other Similar Amounts$1,788,251$1,457,771$1,992,983$1,575,821
Program Service Revenue$128,094$135,351$111,875$119,632
0$93,344$75,650$19,803
0$19,427$16,117$21,110
0$22,580$20,108$78,719
All other program service revenue$0$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$61,186$66,275$57,119$145,813
Income from investment of tax-exempt bond proceeds$0$0$0$0
Royalties$0$0$0$0
Net rental income$0$0$0$0
Net gain/loss from sales of assets other than inventory$-90,070$-81,405$23,570$13,396
Gross amount from sales of assets other than inventory (Securities / Other)$4,107,993 / $0$3,723,418 / $0$4,460,015 / $0$1,204,250 / $0
Less: cost or other basis and sales expenses (Securities / Other)$4,198,063 / $0$3,804,823 / $0$4,436,445 / $0$1,190,854 / $0
Gain or (loss) (Securities / Other)$-90,070 / $0$-81,405 / $0$23,570 / $0$13,396 / $0
Net income/loss from fundraising events$-5,060$-6,371$49,922$9,100
Gross income from fundraising events$19,245$19,135$68,741$72,977
Less: direct expenses$24,305$25,506$18,819$63,877
Net income/loss from gaming activities$0$0$0$0
Net income/loss from sales of inventory$4,871$6,549$6,043$8,713
Gross sales of inventory, less returns and allowances$11,046$12,611$12,514$12,360
Less: cost of goods sold$6,175$6,062$6,471$3,647
Miscellaneous Revenue$24,392$8,584$6,434$5,812
0$8,584$6,434$5,812
All other revenue$0$0$0
Statement of Functional Expenses
2011201220132014
Total functional expenses$1,820,417$1,888,936$1,914,548$1,871,157
Grants and other assistance to domestic organizations and domestic governments$0$0$0
Grants and other assistance to domestic individuals$0$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0$0
Benefits paid to or for members$0$0$0
Compensation of current officers, directors, trustees, and key employees$120,000$120,000$120,000$88,616
Compensation not included above, to disqualified persons$0$0$0
Other salaries and wages$877,936$913,132$886,475$865,299
Pension plan accruals and contributions$88,660$89,985$75,099
Other employee benefits$211,833$226,513$233,249
Payroll taxes$77,451$80,405$75,754$72,152
Fees for services (non-employees)
Management$0$0$0
Legal$4,713$3,301$20,554
Accounting$20,000$23,000$23,000
Lobbying$0$0$0
Professional fundraising services$0$50,635$9,154$0
Investment management fees$23,532$20,465$13,093
Other$20,299$24,000$15,760
Advertising and promotion$7,310$6,131$5,595
Office expenses$12,539$29,746$22,727
Information technology$12,920$14,444$11,735
Royalties$0$0$0
Occupancy$29,954$30,319$32,039
Travel$7,981$7,741$14,113
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$0$0$0
Interest$3,541$4,797$12,925
Payments to affiliates$0$0$0
Depreciation, depletion, and amortization$48,902$55,537$54,944
Insurance$21,182$22,889$24,398
Other expenses$23,235$27,406$59,603
Other expenses$25,218$27,494$45,331
Other expenses$31,082$37,174$38,021
Other expenses$35,638$48,352$27,830
Other expenses$96,225$123,871$115,074
Balance Sheet
2011201220132014
Total assets$3,076,608$2,783,599$3,352,811$3,585,496
Cash - non-interest-bearing$317,240$366,410$243,861
Savings and temporary cash investments$69,047$183,917$26,482
Pledges and grants receivable, net$0$0$0
Accounts receivable, net$85,820$425,807$299,514
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0$0
Notes and loans receivable, net$0$0$0
Inventories for sale or use$24,750$22,183$23,915
Prepaid expenses and deferred charges$12,794$13,253$97,420
Land, buildings, and equipment: cost or other basis$758,463$765,323$974,810
Investments - publicly traded securities$1,515,485$1,575,918$1,919,494
Investments - other securities$0$0$0
Investments - program-related$0$0$0
Intangible assets$0$0$0
Other assets$0$0$0
Total liabilities$140,699$152,649$422,978$555,800
Accounts payable and accrued expenses$142,964$161,113$195,312
Grants payable$0$0$0
Deferred revenue$9,685$11,865$9,605
Tax-exempt bond liabilities$0$0$0$0
Escrow or custodial account liability$0$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$250,000$350,883
Unsecured notes and loans payable to unrelated third parties$0$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$0$0$0
Total net assets or fund balances$2,935,909$2,630,950$2,929,833$3,029,696
Unrestricted net assets$667,955$592,104$689,694
Temporarily restricted net assets$1,564,028$1,938,762$1,906,035
Permanently restricted net assets$398,967$398,967$433,967
Capital stock or trust principal, or current funds$0$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0$0
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 supported0
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$8,398,070
Subtotal Support$8,398,070
Gifts, grants, contributions, and membership fees received$8,398,070
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$8,872,364
Public Support$8,398,070
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$420,230
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$54,064
Gross receipts from related activities, etc.$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Intrepid Museum Foundation IncWest 46th Street 12th Ave, New York, NY 10036NY1979-09$50,675,347
2Jewish Museum1109 5th Ave, New York, NY 10128-0118NY1958-06$48,922,860
3The Paley Center For Media25 West 52nd St, New York, NY 10019-6104NY1975-06$16,567,876
4George Eastman House900 East Ave, Rochester, NY 14607-2219NY1949-08$7,800,376
5American Folk Art Museum1865 Broadway Fl 11, New York, NY 10023-7503NY1964-07$3,937,328
6Smith Museum Of Stained Glass Windows And American Art20 N Wacker Drive, Chicago, IL 60606-2806IL1994-05$838,665
7Studio Museum In Harlem Inc144 W 125th Street, New York, NY 10027-4423NY1967-11$11,364,824
8Vanderbilt Museum Suffolk County Commission180 Little Neck Rd, Centerport, NY 11721-1145NY1963-03$3,401,225
9Staten Island Institute Of Arts And Sciences75 Stuyvesant Pl, Staten Island, NY 10301-1912NY1940-06$3,136,665
10Whaling Museum Society Inc279 Main St, Cold Spg Hbr, NY 11724-1438NY1947-10$2,101,040
11Schenectady Museum Association15 Nott Terrace Hts, Schenectady, NY 12308-3143NY1956-01$1,859,514
12The Museum For African Art1280 5th Ave Apt 7h, New York, NY 10029-7806NY1982-12$1,651,118
13Shaker Museum And Library88 Shaker Museum Rd, Old Chatham, NY 12136-2601NY1953-04$1,300,103
14Tee & Charles Addams Foundation, Miserocchi Henry Kevin TteePO BOX 424, Sagaponack, NY 11962-0424NY2000-01$812,228
15Skyscraper Museum39 Battery Pl, New York, NY 10280-1501NY1996-08$714,965
16American Museum Of Natural History Planetarium AuthorityCentral Park West At 79th Street, New York, NY 10024NY1936-07$133,447
17Toy Town MuseumPO BOX 238, East Aurora, NY 14052-0238NY1997-08$6,581
18New York Sports Museum And Hall Of Fame40 Park Ave Apt 16f, New York, NY 10016-3460NY1994-03$0
19Seneca Iroquois National Museum ThePO BOX 442, Salamanca, NY 14779-0442NY1979-06$0
20The Schomburg Collection Of Black History Literature And Art Inc515 Lenox Avenue, New York, NY 10037NY1971-10$0
Number of organizations performing similar types of work
Alaska2
Alabama2
Arkansas6
Arizona11
California72
Colorado12
Connecticut16
District of Columbia3
Delaware3
Florida25
Georgia11
Hawaii10
Iowa15
Idaho4
Illinois33
Indiana16
Kansas18
Kentucky9
Louisiana6
Massachusetts17
Maryland13
Maine13
Michigan18
Minnesota7
Missouri14
Mississippi3
Montana3
North Carolina12
North Dakota3
Nebraska2
New Hampshire8
New Jersey14
New Mexico10
Nevada2
New York48
Ohio33
Oklahoma14
Oregon7
Pennsylvania20
Rhode Island2
South Carolina5
South Dakota7
Tennessee13
Texas39
Utah2
Virginia13
Vermont5
Washington13
Wisconsin12
West Virginia2
Wyoming2
International1
Total651

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