MAURICE AND PAUL MARCIANO ART FOUNDATION: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- MAURICE AND PAUL MARCIANO ART FOUNDATION (EIN 45-4295747)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-14
- IRS object ID
- 202423199349105452
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Depreciation Schedule
- Land Etc Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-14T15:53:15-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 208161914 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NKSFB LLC DBA - FOCUS OPERATING LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10960 WILSHIRE BLVD 5TH FLOOR | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90024 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 454295747 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MAURICE AND PAUL MARCIANO ART FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MAUR | BusinessNameControlTxt |
| Phone | 3108591301 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 144 S BEVERLY DR 600 | AddressLine1Txt |
| City | BEVERLY HILLS | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90212 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | WILLIAM PAYNE | PersonNm |
| Person Title | DIRECTOR | PersonTitleTxt |
| Phone | 3108591301 | PhoneNum |
| Signature | 2024-11-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MARK SILAH | PreparerPersonNm |
| PTIN | P01277888 | PTIN |
| Phone | 3102774657 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $49,557,394 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $2,261,197 | ContriRcvdRevAndExpnssAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $0 | NetSTCapitalGainAdjNetIncmAmt |
| Gross Sales Less Ret And Allwnc | $11,764 | GrossSalesLessRetAndAllwncAmt |
| Cost Of Goods Sold | $2,043 | CostOfGoodsSoldAmt |
| Gross Profit Rev And Expnss | $9,721 | GrossProfitRevAndExpnssAmt |
| Gross Profit Adj Net Incm | $9,721 | GrossProfitAdjNetIncmAmt |
| Total Rev And Expnss | $2,270,918 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $0 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $9,721 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $416,315 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $416,315 | OthEmplSlrsWgsAdjNetIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $416,315 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $373,062 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $373,062 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $373,062 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $142,101 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $142,101 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $142,101 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $120,283 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $120,283 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $120,283 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $1,039,089 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $1,039,089 | DeprecAndDpltnAdjNetIncmAmt |
| Other Expenses Rev And Expnss | $1,262,066 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $1,262,066 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $1,262,066 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $3,352,916 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $3,352,916 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $2,313,827 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $0 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $3,352,916 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $3,352,916 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $2,313,827 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$1,081,998 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $307,708 | CashBOYAmt |
| Cash EOY | $154,444 | CashEOYAmt |
| Cash EOYFMV | $154,444 | CashEOYFMVAmt |
| Inventories BOY | $206,022 | InventoriesBOYAmt |
| Inventories EOY | $206,854 | InventoriesEOYAmt |
| Inventories EOYFMV | $206,854 | InventoriesEOYFMVAmt |
| Prepaid Expenses BOY | $1,400 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $1,400 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $1,400 | PrepaidExpensesEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $42,927,081 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $6,899,879 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $37,066,291 | LandBOYAmt |
| Land EOY | $36,027,202 | LandEOYAmt |
| Land EOYFMV | $36,027,202 | LandEOYFMVAmt |
| Other Assets BOY | $13,063,237 | OtherAssetsBOYAmt |
| Other Assets EOY | $13,167,494 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $13,167,494 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $50,644,658 | TotalAssetsBOYAmt |
| Total Assets EOY | $49,557,394 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $49,557,394 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $14,772 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $9,506 | AccountsPayableEOYAmt |
| Total Liabilities BOY | $14,772 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $9,506 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $50,629,886 | RetainedEarningBOYAmt |
| Retained Earning EOY | $49,547,888 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $50,629,886 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $49,547,888 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $50,644,658 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $49,557,394 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $50,629,886 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$1,081,998 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $49,547,888 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $49,547,888 | TotNetAstOrFundBalancesEOYAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $0 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $0 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $0 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $8,259 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $8,259 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $8,259 | OverpaymentAmt |
| Applied To ES Tax | $8,259 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NV | OrgReportOrRegisterStateCd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | Yes (1) | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MAGGIE TABORA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4242047556 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 144 S BEVERLY DR 600 | AddressLine1Txt |
| City | BEVERLY HILLS | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90212 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | Yes (1) | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| PAUL MARCIANO | ||||||||
| 144 S BEVERLY DR 600 | BEVERLY HILLS | CA | 90212 | DIRECTOR & CHAIR & PRESIDENT | 1.00 | $0 | $0 | $0 |
| OLIVIA MARCIANO | ||||||||
| 144 S BEVERLY DR 600 | BEVERLY HILLS | CA | 90212 | DIRECTOR & SECRETARY | 1.00 | $0 | $0 | $0 |
| WILLIAM PAYNE | ||||||||
| 144 S BEVERLY DR 600 | BEVERLY HILLS | CA | 90212 | DIRECTOR & TREASURER | 1.00 | $0 | $0 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt | Expense AccountExpenseAccountAmt |
|---|---|---|---|---|---|---|---|---|
| JOHATHAN HERNANDEZ | ||||||||
| 7943 VANTAGE AVENUE | NORTH HOLLYWOOD | CA | 91605 | DIRECTOR OF BUILDING | 40.00 | $111,904 | $0 | $0 |
| GREGORY CURTIS | ||||||||
| 3110 GLENRIDGE AVE UNIT A | ALHAMBRA | CA | 91801 | CHIEF REGISTRAR | 40.00 | $82,677 | $0 | $0 |
| MATTHEW BOWNE | ||||||||
| 1303 LILAC TERRACE | LOS ANGELES | CA | 90026 | CHIEF PREPARATOR | 40.00 | $79,312 | $0 | $0 |
| CYNDI CHOI | ||||||||
| 745 S PLYMOUTH BLVD APT 4 | LOS ANGELES | CA | 90005 | GENESIS EDUCATOR | 40.00 | $71,211 | $0 | $0 |
| ADALBERTO ALVAREZ | ||||||||
| 307 N RAMPART BLVD APT 410 | LOS ANGELES | CA | 90026 | BUILDING ASSISTANT | 40.00 | $71,211 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| CALIFORNIA PROTECTION & INVESTIGATION SERVICES | |||||
| 904 SILVER SPUR ROAD 246 | ROLLING HILLS ESTATE | CA | 90274 | SECURITY SERVICES | $602,190 |
| MCDERMOTT WILL & EMERY LLP | |||||
| 2049 CENTURY PARK EAST 3800 | LOS ANGELES | CA | 90067 | LEGAL FEES | $366,240 |
| LADWP | |||||
| 1394 S SEPULVEDA | LOS ANGELES | CA | 90025 | UTILITIES | $253,983 |
| LA COUNTY TAX COLLECTOR | |||||
| 225 N HILL STREET1 | LOS ANGELES | CA | 90012 | REAL ESTATE TAXES | $120,354 |
| ARTSMART INC | |||||
| 3374 SCARBORO STREET | LOS ANGELES | CA | 90065 | PROFESSIONAL FEES | $117,660 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 8 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | OPERATION OF ART MUSEUM AND EDUCATIONAL / ARTS AWARENESS PROGRAMMING | Description1Txt |
| Expenses1 | $3,352,916 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $151,401 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $151,401 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $151,401 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $2,271 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $149,130 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $7,457 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $2,313,827 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $104,257 | CharitableAssetsAcquisPaidAmt |
| Qualifying Distributions | $2,418,084 | QualifyingDistributionsAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Fndtn Ruling | 2012-01-09 | PrivateOperatingFndtnRulingDt |
| Section4942j3 | Yes (X) | Section4942j3Ind |
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $0 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $0 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $2,418,084 | CurrentYearAmt |
| Year1 | $1,450,472 | Year1Amt |
| Year2 | $1,674,855 | Year2Amt |
| Year3 | $2,678,846 | Year3Amt |
| Total | $8,222,257 | TotalAmt |
Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $0 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $2,418,084 | CurrentYearAmt |
| Year1 | $1,450,472 | Year1Amt |
| Year2 | $1,674,855 | Year2Amt |
| Year3 | $2,678,846 | Year3Amt |
| Total | $8,222,257 | TotalAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $49,557,394 | CurrentYearAmt |
| Year1 | $50,644,657 | Year1Amt |
| Year2 | $51,252,189 | Year2Amt |
| Year3 | $53,741,451 | Year3Amt |
| Total | $205,195,691 | TotalAmt |
Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $49,194,695 | CurrentYearAmt |
| Year1 | $50,129,527 | Year1Amt |
| Year2 | $51,176,578 | Year2Amt |
| Year3 | $52,972,586 | Year3Amt |
| Total | $203,473,386 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $4,971 | CurrentYearAmt |
| Year1 | $7,544 | Year1Amt |
| Year2 | $16,629 | Year2Amt |
| Year3 | $5,041 | Year3Amt |
| Total | $34,185 | TotalAmt |
Total Support TotalSupportGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $2,261,197 | CurrentYearAmt |
| Year1 | $2,189,000 | Year1Amt |
| Year2 | $124,339 | Year2Amt |
| Year3 | $1,850,000 | Year3Amt |
| Total | $6,424,536 | TotalAmt |
Public Support Type PublicSupportType
| Field | Value | IRS element (for citing) |
|---|---|---|
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $0 | TotalAmt |
Largest Support From EO LargestSupportFromEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $0 | TotalAmt |
Gross Investment Income GrossInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $0 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | PAUL MARCIANO | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
| Total Grant Or Contri Pd Dur Yr | $0 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Gross Profit Loss Sls Of Invntry GrossProfitLossSlsOfInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 459420 | BusinessCd |
| Unrelated Business Taxbl Incm | $9,721 | UnrelatedBusinessTaxblIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $9,721 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $0 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $9,721 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (3 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|
| MAURICE MARCIANO | ||||||
| 1 | 144 S BEVERLY DR 600 | BEVERLY HILLS | CA | 90212 | $111,197 | Yes (X) |
| PAUL MARCIANO FAMILY FOUNDATION | ||||||
| 2 | 144 S BEVERLY DR 600 | BEVERLY HILLS | CA | 90212 | $650,000 | Yes (X) |
| MAURICE MARCIANO FAMILY FOUNDATION | ||||||
| 3 | 144 S BEVERLY DR 600 | BEVERLY HILLS | CA | 90212 | $1,500,000 | Yes (X) |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING | CategoryTxt |
| Amt | $142,101 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $142,101 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $142,101 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (10 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|---|---|---|---|---|
| BUILDING & IMPROVEMENTS | 2017-05-18 | $38,427,479 | $5,501,370 | SL | 39.000000000000 | $985,320 | $0 | $985,320 |
| LAND | 2017-05-18 | $4,000,000 | L | $0 | $0 | $0 | ||
| COMPUTER & NETWORK EQUIPMENT | 2017-07-01 | $76,535 | $76,535 | SL | 5.000000000000 | $0 | $0 | $0 |
| FURNITURE, FIXTURES, & EQUIPMENT | 2017-07-01 | $159,330 | $125,186 | SL | 7.000000000000 | $22,761 | $0 | $22,761 |
| CAFE FURNITURE & EQUIPMENT | 2017-07-01 | $125,292 | $98,444 | SL | 7.000000000000 | $17,899 | $0 | $17,899 |
| COMPUTER & NETWORK EQUIPMENT | 2018-07-01 | $3,085 | $2,777 | SL | 5.000000000000 | $308 | $0 | $308 |
| FURNITURE, FIXTURES, & EQUIPMENT | 2018-07-01 | $79,588 | $51,165 | SL | 7.000000000000 | $11,370 | $0 | $11,370 |
| BUILDING & IMPROVEMENTS | 2018-07-01 | $29,312 | $3,384 | SL | 39.000000000000 | $752 | $0 | $752 |
| HVAC UNIT | 2020-01-29 | $18,600 | $1,391 | SL | 39.000000000000 | $477 | $0 | $477 |
| HVAC UNIT | 2020-04-16 | $7,860 | $538 | SL | 39.000000000000 | $202 | $0 | $202 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (10 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt |
|---|---|---|---|
| BUILDING & IMPROVEMENTS | $38,427,479 | $6,486,690 | $31,940,789 |
| LAND | $4,000,000 | $0 | $4,000,000 |
| COMPUTER & NETWORK EQUIPMENT | $76,535 | $76,535 | $0 |
| FURNITURE, FIXTURES, & EQUIPMENT | $159,330 | $147,947 | $11,383 |
| CAFE FURNITURE & EQUIPMENT | $125,292 | $116,343 | $8,949 |
| COMPUTER & NETWORK EQUIPMENT | $3,085 | $3,085 | $0 |
| FURNITURE, FIXTURES, & EQUIPMENT | $79,588 | $62,535 | $17,053 |
| BUILDING & IMPROVEMENTS | $29,312 | $4,136 | $25,176 |
| HVAC UNIT | $18,600 | $1,868 | $16,732 |
| HVAC UNIT | $7,860 | $740 | $7,120 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $373,062 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $373,062 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $373,062 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| ARTWORK | $12,937,679 | $13,041,936 | $13,041,936 |
| OTHER ASSET | $125,558 | $125,558 | $125,558 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (27 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| ADVERTISING AND MARKETING | $588 | $0 | $588 | $588 |
| BANK CHARGES | $2,257 | $0 | $2,257 | $2,257 |
| CATERING | $30,879 | $0 | $30,879 | $30,879 |
| COMPUTER & SOFTWARE EXPENSE | $10,300 | $0 | $10,300 | $10,300 |
| COMPUTER NETWORK SERVICE | $8,765 | $0 | $8,765 | $8,765 |
| CONSULTING FEES | $263 | $0 | $263 | $263 |
| CONTRACTORS | $6,432 | $0 | $6,432 | $6,432 |
| CURATORIAL FEE | $30,000 | $0 | $30,000 | $30,000 |
| DUES & SUBSCRIPTIONS | $13,746 | $0 | $13,746 | $13,746 |
| EXHIBITION EXPENSES | $68,462 | $0 | $68,462 | $68,462 |
| FACILITIES EQUIPMENT RENTAL | $18,699 | $0 | $18,699 | $18,699 |
| GENERAL SUPPLIES | $5,401 | $0 | $5,401 | $5,401 |
| GROUNDSKEEPER | $22,450 | $0 | $22,450 | $22,450 |
| INSURANCE | $97,582 | $0 | $97,582 | $97,582 |
| JANITORIAL EXPENSE | $94,542 | $0 | $94,542 | $94,542 |
| KITCHEN SUPPLIES | $12,367 | $0 | $12,367 | $12,367 |
| LICENSES & FEES | $3,223 | $0 | $3,223 | $3,223 |
| OFFICE EQUIPMENT RENTAL | $6,290 | $0 | $6,290 | $6,290 |
| OFFICE EXPENSE | $5,275 | $0 | $5,275 | $5,275 |
| PARKING SERVICES | $3,025 | $0 | $3,025 | $3,025 |
| PAYROLL EXPENSES | $2,431 | $0 | $2,431 | $2,431 |
| POSTAGE | $624 | $0 | $624 | $624 |
| REPAIRS & MAINTENANCE | $139,958 | $0 | $139,958 | $139,958 |
| SECURITY EXPENSE | $440,883 | $0 | $440,883 | $440,883 |
| LOCAL TRANSPORTATION | $4,410 | $0 | $4,410 | $4,410 |
| UTILITIES | $230,156 | $0 | $230,156 | $230,156 |
| WEBSITE MAINTENANCE | $3,058 | $0 | $3,058 | $3,058 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| PROPERTY TAXES | $87,490 | $0 | $87,490 | $87,490 |
| PAYROLL TAXES | $32,793 | $0 | $32,793 | $32,793 |
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