ART BRIDGES INC: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- ART BRIDGES INC (EIN 81-0842855)
- Tax period
- 2019-10-01 to 2020-09-30
- Filed
- 2021-08-10
- IRS object ID
- 202132229349101003
- Schema version
- 2019v5.2
- 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
- Depreciation Schedule
- Expenditure Responsibility Stmt
- Investments Other Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-08-10T10:25:30-05:00 | ReturnTs |
| Tax Period End | 2020-09-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WALTON ENTERPRISES LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1860 | AddressLine1Txt |
| City | BENTONVILLE | CityNm |
| State Abbreviation | AR | StateAbbreviationCd |
| ZIP | 72712 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2019-10-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 810842855 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ART BRIDGES INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % CASEY HARDMAN | InCareOfNm |
| Business Name Control | ARTB | BusinessNameControlTxt |
| Phone | 4794641570 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 209 WEST 2ND STREET 370 | AddressLine1Txt |
| City | FORT WORTH | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 76102 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BUDDY D PHILPOT | PersonNm |
| Person Title | SECRETARY | PersonTitleTxt |
| Phone | 4794641500 | PhoneNum |
| Signature | 2021-08-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Kent C Crouch | PreparerPersonNm |
| PTIN | P00810750 | PTIN |
| Phone | 4794641500 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | 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 | $1,270,392,408 | 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 | $350,000,000 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $22,711,238 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $22,711,238 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $22,711,238 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$15,490,199 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $587,618,705 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $264,726 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | -$113,187 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $357,485,765 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $22,598,051 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $22,711,238 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $638,830 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $638,830 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $1,932 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $1,932 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $59,909 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $59,909 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $18,078 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $18,078 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $1,571,976 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $358,089 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $1,213,887 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $669 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $669 | InterestNetInvstIncmAmt |
| Taxes Rev And Expnss | $1,615,481 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $1,126,793 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $38,688 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $23,484 | DeprecAndDpltnRevAndExpnssAmt |
| Occupancy Rev And Expnss | $19,251 | OccupancyRevAndExpnssAmt |
| Occupancy Dsbrs Chrtbl | $19,251 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $77,904 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $77,904 | TravConfMeetingDsbrsChrtblAmt |
| Printing And Pub Rev And Expnss | $4,194 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Dsbrs Chrtbl | $4,194 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $28,755,284 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $28,755,284 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $32,786,992 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $1,485,551 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $30,827,957 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $0 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $32,786,992 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $1,485,551 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $30,827,957 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $324,698,773 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $21,112,500 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $22,711,238 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $68,173 | CashBOYAmt |
| Cash EOY | $4,313,959 | CashEOYAmt |
| Cash EOYFMV | $4,313,959 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $856,066,856 | SavAndTempCashInvstBOYAmt |
| Acct Rcvbl | $37,428 | AcctRcvblAmt |
| Acct Rcvbl EOY | $37,428 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $37,428 | AcctRcvblEOYFMVAmt |
| Other Investments BOY | $0 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $1,177,572,885 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $1,265,583,446 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $481,059 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $23,484 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $2,824 | LandBOYAmt |
| Land EOY | $457,575 | LandEOYAmt |
| Land EOYFMV | $457,575 | LandEOYFMVAmt |
| Other Assets BOY | $48,453 | OtherAssetsBOYAmt |
| Other Assets EOY | $0 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $0 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $856,186,306 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,182,381,847 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $1,270,392,408 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $0 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $1,496,768 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,496,768 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $856,186,306 | RetainedEarningBOYAmt |
| Retained Earning EOY | $1,180,885,079 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $856,186,306 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $1,180,885,079 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $856,186,306 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $1,182,381,847 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $856,186,306 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $324,698,773 | ExcessRevenueOverExpensesAmt |
| Subtotal | $1,180,885,079 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $1,180,885,079 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$15,490,199 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $150,447,945 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $359,374,992 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.418638 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $62,741,068 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $199,871,228 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.313907 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $37,498,546 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $132,988,334 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.281969 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $37,886,779 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $57,894,549 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.65441 | DistributionYr4Rt |
| Total Distribution | 1.668924 | TotalDistributionRt |
| Average Distribution | 0.417231 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $1,095,881,471 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $457,235,722 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $211,125 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $457,446,847 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $31,257,738 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $422,250 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $422,250 | SubtotalAmt |
| Tax Based On Investment Income | $422,250 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $759,831 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $759,831 | TotalPaymentsAndCreditsAmt |
| Overpayment | $337,581 | OverpaymentAmt |
| Applied To ES Tax | $337,581 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | DE | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | Yes (true) | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CASEY HARDMAN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4796572351 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 600 MUSEUM WAY | AddressLine1Txt |
| City | BENTONVILLE | CityNm |
| State Abbreviation | AR | StateAbbreviationCd |
| ZIP | 72712 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | Yes (true) | ForeignAccountsQuestionInd |
| Foreign Country | CA | ForeignCountryCd |
| Foreign Country | DA | ForeignCountryCd |
| Foreign Country | FR | ForeignCountryCd |
| Foreign Country | JA | ForeignCountryCd |
| Foreign Country | UK | ForeignCountryCd |
| Foreign Country | IS | ForeignCountryCd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (true) | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (13 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 |
|---|---|---|---|---|---|---|---|---|
| ALICE L WALTON | ||||||||
| PO BOX 1860 | FORT WORTH | AR | 76102 | DIRECTOR; PRESIDENT | 5.0 | $0 | $0 | $0 |
| RICHARD D CHAPMAN | ||||||||
| P O BOX 1860 | FORT WORTH | AR | 76102 | TREASURER | 0.5 | $0 | $0 | $0 |
| BUDDY D PHILPOT | ||||||||
| P O BOX 1860 | FORT WORTH | AR | 76102 | SECRETARY | 1.0 | $0 | $0 | $0 |
| ROBERT A SMITH | ||||||||
| P O BOX 1860 | FORT WORTH | AR | 76102 | ASS'T SECR./TREAS. | 1.0 | $0 | $0 | $0 |
| PAUL PROVOST | ||||||||
| 209 WEST 2ND STREET 370 | FORT WORTH | TX | 76102 | CHIEF EXECUTIVE OFFICER | 40.0 | $0 | $0 | $0 |
| TRACY CRUDE | ||||||||
| 209 WEST 2ND STREET 370 | FORT WORTH | TX | 76102 | CHIEF FINANCIAL OFFICER | 5.0 | $0 | $0 | $0 |
| CHARLES M DIKER | ||||||||
| 209 WEST 2ND STREET 370 | FORT WORTH | TX | 76102 | DIRECTOR | 1.0 | $0 | $0 | $0 |
| DARREN WALKER | ||||||||
| 209 WEST 2ND STREET 370 | FORT WORTH | TX | 76102 | DIRECTOR | 1.0 | $0 | $0 | $0 |
| GLENN D LOWRY | ||||||||
| 209 WEST 2ND STREET 370 | FORT WORTH | TX | 76102 | DIRECTOR | 1.0 | $0 | $0 | $0 |
| GRETCHEN DIETRICH | ||||||||
| 209 WEST 2ND STREET 370 | FORT WORTH | TX | 76102 | DIRECTOR | 1.0 | $0 | $0 | $0 |
| MICHAEL GOVAN | ||||||||
| 209 WEST 2ND STREET 370 | FORT WORTH | TX | 76102 | DIRECTOR | 1.0 | $0 | $0 | $0 |
| PAULINE WILLIS | ||||||||
| 209 WEST 2ND STREET 370 | FORT WORTH | TX | 76102 | DIRECTOR | 1.0 | $0 | $0 | $0 |
| ROD BIGELOW | ||||||||
| 209 WEST 2ND STREET 370 | FORT WORTH | TX | 76102 | DIRECTOR | 1.0 | $0 | $0 | $0 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| MCAM LLC | |||||
| 1009 GENERAL KENNEDY AVENUE | SAN FRANCISCO | CA | 94129 | EXECUTIVE RECRUITER | $84,333 |
| DISPLAYS FINE ART SERVICES LLC | |||||
| 626 106TH STREET | ARLINGTON | TX | 76011 | TRANSPORT, STORAGE | $155,083 |
| BLUE WATER COMMUNICATIONS | |||||
| 435 12TH STREET W | BRADENTON | FL | 34205 | COMMUNICATIONS | $77,142 |
| CRYSTAL BRIDGES MUSEUM OF AMERICAN ART | |||||
| 600 MUSEUM WAY | BENTONVILLE | AR | 72712 | MANAGEMENT FEES | $568,669 |
| BLUECADET LLC | |||||
| 1526 FRANKFORD AVENUE | PHILADELPHIA | PA | 19125 | EXPERIENCE DESIGN | $184,294 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 1 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | SEE ATTACHMENT 16 | Description1Txt |
| Expenses1 | $30,827,957 | Expenses1Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $962,222,539 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $150,347,482 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,112,570,021 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $1,112,570,021 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $16,688,550 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $1,095,881,471 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $54,794,074 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $30,827,957 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $429,781 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $31,257,738 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $31,257,738 | AdjustedQualifyingDistriAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Fndtn Ruling | 2016-07-27 | PrivateOperatingFndtnRulingDt |
| Section4942j3 | Yes (X) | Section4942j3Ind |
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $22,711,238 | CurrentYearAmt |
| Year1 | $6,549,910 | Year1Amt |
| Year2 | $2,644,630 | Year2Amt |
| Year3 | $550,743 | Year3Amt |
| Total | $32,456,521 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $19,304,552 | CurrentYearAmt |
| Year1 | $5,567,424 | Year1Amt |
| Year2 | $2,247,936 | Year2Amt |
| Year3 | $468,132 | Year3Amt |
| Total | $27,588,044 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $31,257,738 | CurrentYearAmt |
| Year1 | $150,513,433 | Year1Amt |
| Year2 | $62,741,068 | Year2Amt |
| Year3 | $37,498,546 | Year3Amt |
| Total | $282,010,785 | TotalAmt |
Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Year1 | $681,087 | Year1Amt |
| Year2 | $1,560,884 | Year2Amt |
| Year3 | $131,450 | Year3Amt |
| Total | $2,373,421 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $31,257,738 | CurrentYearAmt |
| Year1 | $149,832,346 | Year1Amt |
| Year2 | $61,180,184 | Year2Amt |
| Year3 | $37,367,096 | Year3Amt |
| Total | $279,637,364 | TotalAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $0 | TotalAmt |
Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $36,529,383 | CurrentYearAmt |
| Year1 | $11,979,766 | Year1Amt |
| Year2 | $6,662,707 | Year2Amt |
| Year3 | $4,432,945 | Year3Amt |
| Total | $59,604,801 | TotalAmt |
Total Support TotalSupportGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Public Support Type PublicSupportType
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Largest Support From EO LargestSupportFromEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Gross Investment Income GrossInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | ALICE L WALTON | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp | |
| Int On Sav And Temp Cash Invst | IntOnSavAndTempCashInvstGrp |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $22,711,238 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Incm Part VII | OtherInvestmentIncmPartVIIGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$15,490,199 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp (2 entries)
| DescDesc | Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|---|
| RECOVERY OF PRIOR YEAR GRANTS | $377,913 | ||
| NORTHERN TRUST SECTION 988 GAIN/LOSS | 18 | -$113,187 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $7,107,852 | ExclusionAmt |
| Related Or Exempt Function Incm | $377,913 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $7,485,765 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | ALICE L WALTON | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1860 | AddressLine1Txt |
| City | BENTONVILLE | CityNm |
| State Abbreviation | AR | StateAbbreviationCd |
| ZIP | 72712 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $350,000,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $18,078 | Amt |
| Disbursements Charitable Prps | $18,078 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TERRA FOUNDATION FOR AMERICAN ART | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 120 EAST ERIE STREET | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60611 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant | 2019-03-31 | GrantDt |
| Grant | $1,059,000 | GrantAmt |
| Purpose Of Grant | Support a collaborative cohort exhibition program with the Terra Foundation at approx. 10 museums | PurposeOfGrantTxt |
| Expended By Grantee | $681,087 | ExpendedByGranteeAmt |
| Any Diversion By Grantee | NO | AnyDiversionByGranteeTxt |
| Dates Of Reports By Grantee | 12/18/2020 | DatesOfReportsByGranteeTxt |
| Verification | 2020-12-18 | VerificationDt |
| Results Of Verification | The grantee has returned the remaining funds ($377,913), in accordance with the terms of the grant agreement. Also, the grantee has provided the Foundation with the required reports. The Foundation has no reason to doubt the accuracy or reliability of the report received on December 18, 2020; therefore, further verification by the Foundation was deemed unnecessary. unnecessary. | ResultsOfVerificationTxt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (5 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ALLIANCE SUPPORT CO., LLC | $85,000 | $85,000 |
| NORTHERN TRUST MANAGED INCOME | ||
| ACCOUNTS | $1,112,787,548 | $1,199,029,716 |
| GOLDMAN SACHS MANAGED INCOME | ||
| ACCOUNTS | $64,700,337 | $66,468,730 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $59,909 | LegalFeesAmt |
| Disbursements Charitable Prps | $59,909 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | WEBSITE DEVELOPMENT | Desc |
| BOY Book Value | $48,453 | BOYBookValueAmt |
| EOY Book Value | $0 | EOYBookValueAmt |
| EOYFMV | $0 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (18 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| ART PROCUREMENT EXPENSE | $23,741,750 | $23,741,750 |
| EXHIBITION SUPPORT COSTS | $4,323,373 | $4,323,373 |
| RECRUITING EXPENSE | $42,053 | $42,053 |
| INSURANCE EXPENSE | $83,945 | $83,945 |
| COMMUNICATION EXPENSE | $93,945 | $93,945 |
| ADVERTISING/MARKETING EXPENSE | $75,034 | $75,034 |
| DUES AND SUBSCRIPTIONS | $5,724 | $5,724 |
| TRAINING EXPENSES | $5,395 | $5,395 |
| SUPPLIES | $3,827 | $3,827 |
| POSTAGE AND SHIPPING | $907 | $907 |
| TELEPHONE | $3,633 | $3,633 |
| LEARNING AND ENGAGEMENT AWARDS | $147,616 | $147,616 |
| EVALUATION PARTNER SUPPORT | $97,650 | $97,650 |
| TECHNOLOGY | $22,920 | $22,920 |
| MEALS AND ENTERTAINMENT | $20,152 | $20,152 |
| RELOCATION EXPENSE | $19,993 | $19,993 |
| ADMINISTRATION EXPENSE | $56,760 | $56,760 |
| MISCELLANEOUS | $10,607 | $10,607 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| RECOVERIES OF PRIOR YEAR GRANTS | $377,913 | |
| NORTHERN TRUST SECTION 988 GAIN/LOSS | -$113,187 | -$113,187 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BOOK/TAX INVESTMENT INCOME TIMING DIFFERENCES | Desc |
| BOY Book Value | $0 | BOYBookValueAmt |
| EOY Book Value | $1,496,768 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (7 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| ADMINISTRATOR & MANAGEMENT FEE | $952,367 | $952,367 | |
| FINE ART CONSERVATION | $14,300 | $14,300 | |
| FINE ART PACK,TRANSPORT,FRAME | $203,171 | $203,171 | |
| FINE ART STORAGE | $24,819 | $24,819 | |
| NORTHERN TRUST FEES | $279,462 | $279,462 | |
| CONSULTING FEES | $19,230 | $19,230 | |
| GOLDMAN SACHS FEES | $78,627 | $78,627 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| PAYROLL TAXES | $38,688 | $38,688 | |
| EXCISE TAX | $450,000 | ||
| NORTHERN TRUST - FOREIGN TAXES | $1,126,793 | $1,126,793 |
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