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FIFTY VANDERBILT FOUNDATION INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
FIFTY VANDERBILT FOUNDATION INC (EIN 47-3973048)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-13
IRS object ID
202433189349311838
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 ReturnHeader

FieldValueIRS element (for citing)
Return2024-11-13T19:41:25-06:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN133628255PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CONDON O'MEARA MCGINTY & DONNELLY LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1ONE BATTERY PARK PLAZA 7TH FLAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10004ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN473973048EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FIFTY VANDERBILT FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFIFTBusinessNameControlTxt
Phone2127162112PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line150 VANDERBILT AVENUEAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10017ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTED BERENBLUMPersonNm
Person TitleTREASURERPersonTitleTxt
Phone2127162112PhoneNum
Signature2024-10-31SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonALEXANDER LAZZARUOLOPreparerPersonNm
PTINP01775353PTIN
Phone2126617777PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerKATHY EDERSHEIMPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line150 VANDERBILT AVENUEAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10017ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$263,282GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.FIFTYVANDERBILTFOUNDATION.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2015FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionPRESERVING THE HISTORICALLY SIGNIFICANT BUILDING LOCATED AT 50 VANDERBILT AVE, NY, NY 10017ActivityOrMissionDesc
Voting Members Governing Body11VotingMembersGoverningBodyCnt
Voting Members Independent11VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers11TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$11,050PYContributionsGrantsAmt
CY Contributions Grants$99,715CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$6,857PYInvestmentIncomeAmt
CY Investment Income$122,684CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue-$3,954CYOtherRevenueAmt
PY Total Revenue$17,907PYTotalRevenueAmt
CY Total Revenue$218,445CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$25,001PYOtherExpensesAmt
CY Other Expenses$91,036CYOtherExpensesAmt
PY Total Expenses$25,001PYTotalExpensesAmt
CY Total Expenses$91,036CYTotalExpensesAmt
PY Revenues Less Expenses-$7,094PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$127,409CYRevenuesLessExpensesAmt
Total Assets BOY$1,235,709TotalAssetsBOYAmt
Total Assets EOY$1,348,196TotalAssetsEOYAmt
Total Liabilities BOY$21,264TotalLiabilitiesBOYAmt
Total Liabilities EOY$6,342TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,214,445NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,341,854NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionSEE SCHEDULE OMissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescTHE FOUNDATION DID NOT CONDUCT ANY PROGRAMTIC ACTIVITIES IN 2023 AS IT HAD NO REQUESTS FOR RESTORATION WORK NOR ANY REQUESTS FOR EMERGENCY EMPLOYEE RELIEF.Desc
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members11GoverningBodyVotingMembersCnt
Independent Voting Member11IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ORGANIZATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2127162112PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line150 VANDERBILT AVENUEAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10017ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (11 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
TED BERENBLUM
PRESIDENT4.00Yes (X)Yes (X)$0$0$0
KATHY EDERSHEIM
VICE PRESIDENT4.00Yes (X)Yes (X)$0$0$0
EDWARD BURKE
TREASURE4.00Yes (X)Yes (X)$0$0$0
LISA JENN AXISA
SECRETARY4.00Yes (X)Yes (X)$0$0$0
DEV GANDHI
MEMBER2.00Yes (X)$0$0$0
NEIL HOHMANN
MEMBER2.00Yes (X)$0$0$0
YOSHIKO INOUE
MEMBER2.00Yes (X)$0$0$0
GAYLE MAURIN
MEMBER2.00Yes (X)$0$0$0
KEVIN LICHTEN
MEMBER2.00Yes (X)$0$0$0
PAUL D SARKOZI
MEMBER2.00Yes (X)$0$0$0
MICHAEL HENNESSY
MEMBER2.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Fundraising$35,985FundraisingAmt
All Other Contributions$63,730AllOtherContributionsAmt
Total Contributions$99,715TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$122,684TotalRevenueColumnAmt
Exclusion$122,684ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$40,883FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$35,985ContriRptFundraisingEventAmt
Fundraising Direct Expenses$44,837FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$3,954TotalRevenueColumnAmt
Exclusion-$3,954ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$218,445TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$118,730ExclusionAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$71,924TotalAmt
Management And General$71,924ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$11,648TotalAmt
Management And General$11,648ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,077TotalAmt
Management And General$1,077ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescADMINISTRATIVE FEESDesc
Total$6,387TotalAmt
Management And General$6,387ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$91,036TotalAmt
Program Services$0ProgramServicesAmt
Management And General$91,036ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$216,500BOYAmt
EOY$206,314EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,019,209BOYAmt
EOY$1,141,882EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,235,709BOYAmt
EOY$1,348,196EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$6,000BOYAmt
EOY$6,000EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$15,264BOYAmt
EOY$342EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$21,264BOYAmt
EOY$6,342EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,214,445BOYAmt
EOY$1,341,854EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,214,445BOYAmt
EOY$1,341,854EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,235,709BOYAmt
EOY$1,348,196EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$127,409ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$73,985CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$549,865CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$48,490CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$11,050CurrentTaxYearMinus1YearAmt
Current Tax Year$99,715CurrentTaxYearAmt
Total$783,105TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$73,985CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$549,865CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$48,490CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$11,050CurrentTaxYearMinus1YearAmt
Current Tax Year$99,715CurrentTaxYearAmt
Total$783,105TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$136,091SubstantialContributorsTotAmt
Public Support Total170$647,014PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$23,610CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$12,246CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,628CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$6,857CurrentTaxYearMinus1YearAmt
Current Tax Year$122,684CurrentTaxYearAmt
Total$168,025TotalAmt
FieldValueIRS element (for citing)
Total Support$951,130TotalSupportAmt
Public Support CY1700.68030PublicSupportCY170Pct
Public Support PY1700.38230PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescDUE TO THE YALE CLUB OF NEW YORK CITYDesc
Amt$342Amt
FieldValueIRS element (for citing)
Total Liability$342TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$218,445TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$218,445RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$218,445TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$91,036TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$91,036ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$91,036TotalExpensesPerForm990Amt

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1GALAEvent1Nm
Gross Receipts Event1$76,868GrossReceiptsEvent1Amt
Charitable Contri Event1$35,985CharitableContriEvent1Amt
Gross Revenue Event1$40,883GrossRevenueEvent1Amt
Other Direct Expenses Event1$44,837OtherDirectExpensesEvent1Amt
Gross Receipts Total$76,868GrossReceiptsTotalAmt
Charitable Contributions Tot$35,985CharitableContributionsTotAmt
Gross Revenue Total Events$40,883GrossRevenueTotalEventsAmt
Oth Direct Expnss Total Events$44,837OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$44,837DirectExpenseSummaryEventsAmt
Net Income Summary-$3,954NetIncomeSummaryAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:THE FIFTY VANDERBILT FOUNDATION, INC. (THE "FOUNDATION") WAS INCORPORATED UNDER THE NEW YORK NOT-FOR-PROFIT CORPORATION LAW ON APRIL 29, 2015. THE FOUNDATION WAS FORMED PRIMARILY FOR THE PURPOSE OF RESTORING, MAINTAINING AND PRESERVING THE DESIGNATED LANDMARK LOCATED AT 50 VANDERBILT AVENUE, NEW YORK, NY 10017. SECONDARY PURPOSES INCLUDE PROVIDING SCHOLARSHIPS FOR YALE UNIVERSITY STUDENTS, AS WELL AS FOSTERING AWARENESS AND APPRECIATION FOR THE WORKS OF JAMES GAMBLE ROGERS, RENOWNED ARCHITECT OF 50 VANDERBILT AVENUE, AND WORKS LOCATED ON THE YALE UNIVERSITY CAMPUS. ON OCTOBER 2, 2020, IN FURTHERANCE OF ITS CHARITABLE PURPOSES, THE FOUNDATION'S CERTIFICATE OF INCORPORATION WAS AMENDED TO ADD A PROVISION TO OPERATE AN EMPLOYEE RELIEF FUND ("RELIEF FUND") FOR THE YALE CLUB OF NEW YORK CITY (THE "YALE CLUB") FOR THE PURPOSE OF PROVIDING FINANCIAL AND OTHER ASSISTANCE TO EMPLOYEES OF THE YALE CLUB AFFECTED BY CURRENT AND FUTURE DISASTER AND HARDSHIP PROVIDED, HOWEVER, THAT SUCH RELIEF FUND IS ESTABLISHED AND OPERATED SOLELY AND EXCLUSIVELY IN FURTHERANCE OF CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 (THE "CODE"), AS IT MAY BE AMENDED, AND MEETS SUCH OTHER REQUIREMENTS IN ORDER FOR CONTRIBUTIONS TO THE FOUNDATION FOR THE RELIEF FUND TO FULFILL A PURPOSE DESCRIBED IN SECTION 170(C)(2)(B) OF THE CODE.
FORM 990, PART VI, SECTION A, LINE 8BTHE FOUNDATION DOES NOT HAVE COMMITTEES.
FORM 990, PART VI, SECTION B, LINE 11BEACH BOARD MEMBER IS GIVEN A COPY OF THE FORM 990 FOR REVIEW PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.
FORM 990, PART VI, SECTION B, LINE 12CANNUALLY THE BOARD FILLS OUT CONFLICT OF INTEREST STATEMENTS, ALL CONFLICTS OF INTEREST ARE THEN REVIEW BY THE PRESIDENT AND THE FULL BOARD.
FORM 990, PART VI, SECTION C, LINE 19THE FOUNDATION WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST.

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