American Civilization Foundation in Newport, Rhode Island (RI)
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 Civilization Foundation | |
| Employer Identification Number (EIN) | 050503504 |
| Name of Organization | American Civilization Foundation |
| In Care of Name | Laurence S Cutler |
| Address | 492 Bellevue Ave, Newport, RI 02840-4127 |
| Subsection | Educational Organization |
| Ruling Date | 07/1999 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $3,345,059 |
| Amount of Income | $133,356 |
| Form 990 Revenue Amount | $315,249 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Art Museums |
Non-representatives - add comments:
Amount of income in 2013: $133,356 (it was $332,469 in 2012)
| American Civilization Foundation: | $133,356 |
| Other organizations performing similar types of work: | $85,415 |
Assets in 2013: $3,345,059 (it was $3,465,189 in 2012)
| This organization: | $3,345,059 |
| Other organizations performing similar types of work: | $116,686 |
Expenses in 2012: $369,502
| This organization: | $369,502 |
| Other organizations performing similar types of work: | $69,526 |
Income to expenses ratio in 2012: 0.4
| American Civilization Foundation: | 0.4 |
| Other organizations performing similar types of work: | 1.7 |
Grants share in income in 2012: 6.8%
| American Civilization Foundation: | 6.8% |
| Other organizations performing similar types of work: | 100.0% |
Revenue for 2012
Assets 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 | $315,249 | $510 | $293,706 | |
| Contributions, gifts, grants, etc., received | $21,543 | |||
| Interest on savings and temporary cash investments | $510 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $17,180 | |||
| Gross sales less returns and allowances | $-40 | |||
| Less: Cost of goods sold | $17,220 | |||
| Other income | $276,016 | |||
| Total expenses and disbursements | $369,502 | $0 | $29,051 | $308,318 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $369,502 | $0 | $308,318 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-54,253 | |||
| Net investment income | $510 | |||
| Adjusted net income | $264,655 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $3,465,189 | $3,465,189 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $2,377,500 | |
| Other | $1,087,689 | |
| Total liabilities | $252,953 | |
| Mortgages and other notes payable | $0 | |
| Other | $252,953 | |
| Total liabilities and net assets/fund balances | $3,212,236 | |
| 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 | $10 |
| Total credits and payments | $724 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $474 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $250 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $714 |
| Amount to be credited to 2013 estimated tax | $714 |
| 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 | $1,246,523 |
| Net value of noncharitable-use assets | $1,227,820 |
| Minimum investment return | $61,391 |
| 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 | $61,391 | $60,139 | $55,313 | $51,737 | $228,580 |
| Qualifying distributions made directly for active conduct of exempt activities | $373,098 | $440,366 | $380,027 | $294,732 | $1,488,223 |
| Value of all assets | $3,465,839 | $3,453,610 | $3,401,841 | $3,291,843 | $13,613,133 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $3,465,839 | $3,453,610 | $3,401,841 | $3,291,843 | $13,613,133 |
| 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 | Shraman South Asian Museum And Learning Center Foundation | Two Lincoln Center, Dallas, TX 75240 | TX | 2012-11 | $21,378,476 |
| 2 | American Museum Of Western Art-The Anschutz Collection | 1727 Tremont Pl, Denver, CO 80202-4006 | CO | 2010-09 | $13,080,693 |
| 3 | Broad Collection | 10900 Wilshire Blvd Fl 12, Los Angeles, CA 90024-6548 | CA | 2011-05 | $9,302,568 |
| 4 | New Museum At The Bradford Brinton Ranch | PO BOX 460, Big Horn, WY 82833-0460 | WY | 2012-06 | $6,938,926 |
| 5 | Museum Of World War Ii Inc | 46 Eliot St, Natick, MA 01760-6042 | MA | 2013-03 | $4,867,300 |
| 6 | Museum Of Craft And Design | 2569 3rd St, San Francisco, CA 94107-3112 | CA | 2003-09 | $2,898,809 |
| 7 | International Art Museum Of America | 1023 Market St, San Francisco, CA 94103-1605 | CA | 2010-08 | $2,046,282 |
| 8 | Westwood Village Improvement Assn | 10880 Wilshire Blvd Ste 117, Los Angeles, CA 90024-4177 | CA | 2001-01 | $1,176,647 |
| 9 | Shepards Cornerstone Foundation Inc | 124 Prospect St, Ridgewood, NJ 07450-4406 | NJ | 2002-07 | $1,147,908 |
| 10 | Cedarburg Art Museum Inc | W63n675 Washington Ave, Cedarburg, WI 53012-1900 | WI | 2013-03 | $1,055,638 |
| 11 | Washington Art Consortium | Wwu Fine Arts Complex 130, Bellingham, WA 98225 | WA | 2001-05 | $995,777 |
| 12 | 3s Contemporary Arts Space Inc | 319 Vaughan St, Portsmouth, NH 03801-3747 | NH | 2011-03 | $990,825 |
| 13 | Wall Of America Foundation | 173 Low Rd, Sharon, CT 06069-2049 | CT | 2002-05 | $800,048 |
| 14 | Gabarron Foundation | 149 E 38th St, New York, NY 10016-2604 | NY | 2014-09 | $797,384 |
| 15 | The Book Club Of California | 312 Sutter St Ste 510, San Francisco, CA 94108-4320 | CA | 2013-09 | $790,283 |
| 16 | Southern Exposure | 3030 20th Street, San Francisco, CA 94110-2780 | CA | 2000-12 | $709,518 |
| 17 | Arden Riddle Museum & Gallery | PO BOX 290, Richfield, OH 44286-0290 | OH | 2014-08 | $655,803 |
| 18 | The Goss Michael Foundation | 1405 Turtle Creek Blvd, Dallas, TX 75207-3303 | TX | 2009-04 | $633,698 |
| 19 | American Civilization Foundation | 492 Bellevue Ave, Newport, RI 02840-4127 | RI | 1999-07 | $133,356 |
| 20 | Artists Cooperative Gallery Of Westerly Inc | C/O Ardie Harrison 7 Canal Street, Westerly, RI 02891 | RI | 1997-10 | $73,991 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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