MAURICE AND PAUL MARCIANO ART FOUNDATION: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- MAURICE AND PAUL MARCIANO ART FOUNDATION (EIN 45-4295747)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-11-15
- IRS object ID
- 202213199349104381
- Schema version
- 2021v4.2
- 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
- Acty Not Previously Rpt Expln
- 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 | 2022-11-15T13:03:50-06:00 | ReturnTs |
| Tax Period End | 2021-12-31 | 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 | 2021-01-01 | 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 | MAURICE MARCIANO | PersonNm |
| Person Title | OFFICER | PersonTitleTxt |
| Phone | 3108591301 | PhoneNum |
| Signature | 2022-11-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MAURICE | PersonFirstNm |
| Person Last | MARCIANO | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MARK SILAH | PreparerPersonNm |
| PTIN | P01277888 | PTIN |
| Phone | 3102774657 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $51,457,379 | 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 | $497,116 | ContriRcvdRevAndExpnssAmt |
| Net Gain Sale Ast Rev And Expnss | -$51,303 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $700,000 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $0 | NetSTCapitalGainAdjNetIncmAmt |
| Gross Sales Less Ret And Allwnc | $259 | GrossSalesLessRetAndAllwncAmt |
| Cost Of Goods Sold | $4,518 | CostOfGoodsSoldAmt |
| Gross Profit Rev And Expnss | -$4,259 | GrossProfitRevAndExpnssAmt |
| Gross Profit Adj Net Incm | -$4,259 | GrossProfitAdjNetIncmAmt |
| Total Rev And Expnss | $441,554 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $0 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | -$4,259 | 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 | $458,743 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $458,743 | OthEmplSlrsWgsAdjNetIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $458,743 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $11,171 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $11,171 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $11,171 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $121,641 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $121,641 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $121,641 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $42,226 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $42,226 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $42,226 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $1,054,705 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $1,054,705 | DeprecAndDpltnAdjNetIncmAmt |
| Trav Conf Meeting Rev And Expnss | $5,647 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Adj Net Incm | $5,647 | TravConfMeetingAdjNetIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $5,647 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $981,677 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $981,677 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $981,677 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $2,675,810 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $2,675,810 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,621,105 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $43,750 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $43,750 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,719,560 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $2,675,810 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,664,855 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$2,278,006 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $562,275 | CashBOYAmt |
| Cash EOY | $74,210 | CashEOYAmt |
| Cash EOYFMV | $74,210 | CashEOYFMVAmt |
| Inventories BOY | $205,190 | InventoriesBOYAmt |
| Inventories EOY | $205,190 | InventoriesEOYAmt |
| Inventories EOYFMV | $205,190 | 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 | $4,813,739 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $39,168,047 | LandBOYAmt |
| Land EOY | $38,113,342 | LandEOYAmt |
| Land EOYFMV | $38,113,342 | LandEOYFMVAmt |
| Other Assets BOY | $13,804,540 | OtherAssetsBOYAmt |
| Other Assets EOY | $13,063,237 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $13,063,237 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $53,741,452 | TotalAssetsBOYAmt |
| Total Assets EOY | $51,457,379 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $51,457,379 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $13,217 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $7,150 | AccountsPayableEOYAmt |
| Total Liabilities BOY | $13,217 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $7,150 | 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 | $53,728,235 | RetainedEarningBOYAmt |
| Retained Earning EOY | $51,450,229 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $53,728,235 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $51,450,229 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $53,741,452 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $51,457,379 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $53,728,235 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$2,278,006 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $51,450,229 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $51,450,229 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | CORY ARCANGEL & BEIGE SUPER MARIO CLOUDS V2K3, 2002 | PropertyDesc |
| How Acquired | P | HowAcquiredCd |
| Acquired | 2015-06-17 | AcquiredDt |
| Sold | 2021-03-04 | SoldDt |
| Gross Sales Price | $700,000 | GrossSalesPriceAmt |
| Cost Or Other Basis | $751,303 | CostOrOtherBasisAmt |
| Gain Or Loss | -$51,303 | GainOrLossAmt |
| Gains Minus Excess Or Losses | -$51,303 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$51,303 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $0 | NetShortTermCapitalGainLossAmt |
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 | Yes (1) | 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 (2 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 |
|---|---|---|---|---|---|---|---|---|
| MAURICE MARCIANO | ||||||||
| 144 S BEVERLY DR 600 | BEVERLY HILLS | CA | 90212 | DIRECTOR & PRESIDENT | 1.00 | $0 | $0 | $0 |
| PAUL MARCIANO | ||||||||
| 144 S BEVERLY DR 600 | BEVERLY HILLS | CA | 90212 | DIRECTOR | 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 | $85,000 | $0 | $0 |
| GREGORY CURTIS | ||||||||
| 2105 KIETH STREET | LOS ANGELES | CA | 90031 | HEAD REGISTRAR | 40.00 | $75,000 | $0 | $0 |
| MATTHEW BOWNE | ||||||||
| 1303 LILAC TERRACE | LOS ANGELES | CA | 90026 | CHIEF PREPATOR | 40.00 | $75,000 | $0 | $0 |
| ADALBERTO ALVAREZ | ||||||||
| 307 N RAMPART BLVD APT 410 | LOS ANGELES | CA | 90026 | BUILDING ASSISTANT | 40.00 | $52,000 | $0 | $0 |
| CYNDI CHOI | ||||||||
| 745 S PLYMOUTH BLVD APT 4 | LOS ANGELES | CA | 90005 | GENESIS EDUCATOR | 40.00 | $45,000 | $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 | |||||
| 1525 AVIATION BLVD SUITE 243 | REDONDO BEACH | CA | 90278 | SECURITY SERVICES | $353,376 |
| LADWP | |||||
| 1394 S SEPULVEDA | LOS ANGELES | CA | 90025 | UTILITIES | $186,961 |
| ARTSMART INC | |||||
| 3374 SCARBORO STREET | LOS ANGELES | CA | 90065 | PROFESSIONAL FEES | $105,000 |
| ALLIED UNIVERSAL JANITORIAL SERVICES | |||||
| PO BOX 31001-2374 | PASADENA | CA | 91110 | JANITORIAL SERVICE | $99,664 |
| MOMENTOUS INSURANCE BROKERAGE INC | |||||
| 5990 SEPULVEDA BLVD | VAN NUYS | CA | 91411 | INSURANCE | $56,288 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | 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 | $2,675,810 | 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 | $506,481 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $506,481 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $506,481 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $7,597 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $498,884 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $24,944 | 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 | $1,664,855 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $10,000 | CharitableAssetsAcquisPaidAmt |
| Qualifying Distributions | $1,674,855 | 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 | $1,674,855 | CurrentYearAmt |
| Year1 | $2,678,846 | Year1Amt |
| Year2 | $6,798,676 | Year2Amt |
| Year3 | $7,177,990 | Year3Amt |
| Total | $18,330,367 | 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 | $1,674,855 | CurrentYearAmt |
| Year1 | $2,678,846 | Year1Amt |
| Year2 | $6,798,676 | Year2Amt |
| Year3 | $7,177,990 | Year3Amt |
| Total | $18,330,367 | TotalAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $51,252,189 | CurrentYearAmt |
| Year1 | $53,741,451 | Year1Amt |
| Year2 | $54,432,825 | Year2Amt |
| Year3 | $53,996,214 | Year3Amt |
| Total | $213,422,679 | TotalAmt |
Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $51,176,578 | CurrentYearAmt |
| Year1 | $52,972,586 | Year1Amt |
| Year2 | $54,207,743 | Year2Amt |
| Year3 | $53,683,509 | Year3Amt |
| Total | $212,040,416 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $16,629 | CurrentYearAmt |
| Year1 | $5,041 | Year1Amt |
| Year2 | $11,003 | Year2Amt |
| Year3 | $22,547 | Year3Amt |
| Total | $55,220 | TotalAmt |
Total Support TotalSupportGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $124,339 | CurrentYearAmt |
| Year1 | $1,850,000 | Year1Amt |
| Year2 | $6,550,000 | Year2Amt |
| Year3 | $7,025,000 | Year3Amt |
| Total | $15,549,339 | TotalAmt |
Public Support Type PublicSupportType
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $0 | TotalAmt |
Largest Support From EO LargestSupportFromEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $0 | TotalAmt |
Gross Investment Income GrossInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $0 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | MAURICE MARCIANO | ContributingManagerNm |
| Contributing Manager | PAUL MARCIANO | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GENESIS THE SCHLESINGER ACADEMY FOR INNOVATION | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9595 WILSHIRE BLVD 700 | AddressLine1Txt |
| City | BEVERLY HILLS | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90212 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | NO RELATIONSHIP | RecipientRelationshipTxt |
| Recipient Foundation Status | PC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | SUPPORT RECIPIENT'S MISSON. | GrantOrContributionPurposeTxt |
| Amt | $43,750 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $43,750 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | -$51,303 | RelatedOrExemptFunctionIncmAmt |
Gross Profit Loss Sls Of Invntry GrossProfitLossSlsOfInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 451211 | BusinessCd |
| Unrelated Business Taxbl Incm | -$4,259 | UnrelatedBusinessTaxblIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | -$4,259 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $0 | ExclusionAmt |
| Related Or Exempt Function Incm | -$51,303 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | -$55,562 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (4 entries)
| Line NumberLineNumberTxt | Relationship StatementRelationshipStatementTxt |
|---|---|
| 8 | THE FOUNDATION DISPLAYED THE ARTWORK SOLD AS PART OF ITS |
| 8 | CONTEMPORARY ART COLLECTION IN ACCOMPLISHMENT OF ITS EXEMPT |
| 8 | PURPOSE. THE PROCEEDS FROM THE SALE WERE USED TO FUND |
| 8 | FOUNDATION ACTIVITIES. |
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 (6 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|
| GAGOSIAN GALLERY INC | ||||||
| 1 | 456 N CAMDEN DR | BEVERLY HILLS | CA | 90210 | $100,000 | Yes (X) |
| MARCIANO ART COLLECTION | ||||||
| 2 | 144 S BEVERLY DR 600 | BEVERLY HILLS | CA | 90212 | $86,328 | Yes (X) |
| BEVERLY CONTEMPORARY COLLECTION | ||||||
| 3 | 144 S BEVERLY DR 600 | BEVERLY HILLS | CA | 90212 | $115,416 | Yes (X) |
| MAURICE MARCIANO | ||||||
| 4 | 144 S BEVERLY DR 600 | BEVERLY HILLS | CA | 90212 | $175,512 | Yes (X) |
| PAUL MARCIANO | ||||||
| 5 | 144 S BEVERLY DR 600 | BEVERLY HILLS | CA | 90212 | $7,740 | Yes (X) |
| MAURICE MARCIANO FOUNDATION | ||||||
| 6 | 144 S BEVERLY DR 600 | BEVERLY HILLS | CA | 90212 | $12,120 | Yes (X) |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING | CategoryTxt |
| Amt | $121,641 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $121,641 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $121,641 | DisbursementsCharitablePrpsAmt |
Acty Not Previously Rpt Expln ActyNotPreviouslyRptExpln
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | THE FOUNDATION OFFERS EXTENSIVE EDUCATIONAL AND ARTS AWARENESS PROGRAMMING AND MUSEUM ACCESS TO UNDERSERVED YOUTH IN THE LOS ANGELES AREA. IT OFFERS SCHOOL TOURS AND STEAM PROGRAMMING IN ITS 15,000 SQUARE FOOT INNOVATION LAB, ENGAGING STUDENTS IN PROJECTS INVOLVING ROBOTICS, 3D PRINTING, MODELING, AND OTHER TECHNOLOGIES AS WELL AS INTERACTIVE ART TOURS. THE FOUNDATION ALSO LENDS ARTWORK FROM ITS COLLECTION TO OTHER MUSEUMS AND INSTITUTIONS | ExplanationTxt |
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 | $3,530,730 | 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 | $53,575 | SL | 5.000000000000 | $15,307 | $0 | $15,307 |
| FURNITURE, FIXTURES, & EQUIPMENT | 2017-07-01 | $159,330 | $79,664 | SL | 7.000000000000 | $22,761 | $0 | $22,761 |
| CAFE FURNITURE & EQUIPMENT | 2017-07-01 | $125,292 | $62,646 | SL | 7.000000000000 | $17,899 | $0 | $17,899 |
| COMPUTER & NETWORK EQUIPMENT | 2018-07-01 | $3,085 | $1,543 | SL | 5.000000000000 | $617 | $0 | $617 |
| FURNITURE, FIXTURES, & EQUIPMENT | 2018-07-01 | $79,588 | $28,425 | SL | 7.000000000000 | $11,370 | $0 | $11,370 |
| BUILDING & IMPROVEMENTS | 2018-07-01 | $29,312 | $1,880 | SL | 39.000000000000 | $752 | $0 | $752 |
| HVAC UNIT | 2020-01-29 | $18,600 | $437 | SL | 39.000000000000 | $477 | $0 | $477 |
| HVAC UNIT | 2020-04-16 | $7,860 | $134 | 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 | $4,516,050 | $33,911,429 |
| LAND | $4,000,000 | $0 | $4,000,000 |
| COMPUTER & NETWORK EQUIPMENT | $76,535 | $68,882 | $7,653 |
| FURNITURE, FIXTURES, & EQUIPMENT | $159,330 | $102,425 | $56,905 |
| CAFE FURNITURE & EQUIPMENT | $125,292 | $80,545 | $44,747 |
| COMPUTER & NETWORK EQUIPMENT | $3,085 | $2,160 | $925 |
| FURNITURE, FIXTURES, & EQUIPMENT | $79,588 | $39,795 | $39,793 |
| BUILDING & IMPROVEMENTS | $29,312 | $2,632 | $26,680 |
| HVAC UNIT | $18,600 | $914 | $17,686 |
| HVAC UNIT | $7,860 | $336 | $7,524 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $11,171 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $11,171 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $11,171 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| ARTWORK | $13,678,982 | $12,937,679 | $12,937,679 |
| OTHER ASSET | $125,558 | $125,558 | $125,558 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (23 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| BUSINESS GIFTS | $1,620 | $0 | $1,620 | $1,620 |
| REPAIRS & MAINTENANCE | $51,886 | $0 | $51,886 | $51,886 |
| PAYROLL EXPENSES | $2,779 | $0 | $2,779 | $2,779 |
| OFFICE EXPENSE | $17,266 | $0 | $17,266 | $17,266 |
| OFFICE EQUIPMENT RENTAL | $5,785 | $0 | $5,785 | $5,785 |
| LICENSES & FEES | $738 | $0 | $738 | $738 |
| KITCHEN SUPPLIES | $6,475 | $0 | $6,475 | $6,475 |
| JANITORIAL EXPENSE | $99,664 | $0 | $99,664 | $99,664 |
| SECURITY EXPENSE | $355,439 | $0 | $355,439 | $355,439 |
| INSURANCE | $96,312 | $0 | $96,312 | $96,312 |
| GENERAL SUPPLIES | $25,752 | $0 | $25,752 | $25,752 |
| GENESIS EXPENSES | $3,560 | $0 | $3,560 | $3,560 |
| FURNITURE & EQUIPMENT RENTAL | $15,376 | $0 | $15,376 | $15,376 |
| EXHIBITION EXPENSES | $2,068 | $0 | $2,068 | $2,068 |
| CATERING | $14,124 | $0 | $14,124 | $14,124 |
| DUES & SUBSCRIPTIONS | $6,185 | $0 | $6,185 | $6,185 |
| CONTRACTORS | $200 | $0 | $200 | $200 |
| CONSULTING FEES | $4,155 | $0 | $4,155 | $4,155 |
| COMPUTER NETWORK SERVICE | $17,423 | $0 | $17,423 | $17,423 |
| COMPUTER & SOFTWARE EXPENSE | $15,817 | $0 | $15,817 | $15,817 |
| GROUNDSKEEPER | $16,335 | $0 | $16,335 | $16,335 |
| UTILITIES | $219,523 | $0 | $219,523 | $219,523 |
| WEBSITE MAINTENANCE | $3,195 | $0 | $3,195 | $3,195 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| PROPERTY TAXES | $4,668 | $0 | $4,668 | $4,668 |
| PAYROLL TAXES | $37,558 | $0 | $37,558 | $37,558 |
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