RYOBI FOUNDATION: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- RYOBI FOUNDATION (EIN 74-2517850)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-07-03
- IRS object ID
- 202031859349100403
- Schema version
- 2019v5.0
- Note
- A later return for the same period supersedes this one.
- 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
- Accounting Fees Schedule
- Depreciation Schedule
- Gain Loss Sale Other Assets Sch
- Land Etc 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 | 2020-07-03T10:23:19-05:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JOHN A VIRGILI CPA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 406 S HYLAND PARK DR STE A | AddressLine1Txt |
| City | GLENWOOD SPRINGS | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 81601 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2019-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 742517850 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RYOBI FOUNDATION | BusinessNameLine1Txt |
| Business Name Line2 | KIMIKO POWERS | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | RYOB | BusinessNameControlTxt |
| Phone | 9709634445 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 13110 HIGHWAY 82 | AddressLine1Txt |
| City | CARBONDALE | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 81623 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KIMIKO POWERS | PersonNm |
| Person Title | DIR/PRES | PersonTitleTxt |
| Phone | 9709634445 | PhoneNum |
| Signature | 2020-06-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JOHN A VIRGILI CPA | PreparerPersonNm |
| PTIN | P00199021 | PTIN |
| Phone | 9709455146 | PhoneNum |
| Preparation | 2020-07-03 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
| 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 | $271,062,409 | 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 | $340 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $244,343 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $244,343 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $244,343 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $305,055 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $305,055 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $305,055 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $942,038 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $19,676,518 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $157,081 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $2,461,173 | OtherIncomeRevAndExpnssAmt |
| Other Income Adj Net Incm | $2,461,173 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $3,952,949 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $706,479 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $3,010,571 | TotalAdjNetIncmAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $299,697 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $299,697 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $21,777 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $21,777 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $33,946 | LegalFeesRevAndExpnssAmt |
| Legal Fees Dsbrs Chrtbl | $33,946 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $9,150 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Chrtbl Prps | $9,150 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $50,000 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Dsbrs Chrtbl | $50,000 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $10,542 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $7,314 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $3,228 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $327,229 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $327,229 | DeprecAndDpltnNetInvstIncmAmt |
| Trav Conf Meeting Rev And Expnss | $6,610 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $6,610 | TravConfMeetingNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $1,945,528 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $365,531 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $1,580,000 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $2,704,479 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $706,684 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,997,798 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $30,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $30,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,734,479 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $706,684 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $2,027,798 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $1,218,470 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $3,010,571 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $150,790 | CashBOYAmt |
| Cash EOY | $192,439 | CashEOYAmt |
| Cash EOYFMV | $192,439 | CashEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $14,359,663 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,822,005 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $12,864,886 | LandBOYAmt |
| Land EOY | $12,537,658 | LandEOYAmt |
| Land EOYFMV | $13,874,732 | LandEOYFMVAmt |
| Other Assets BOY | $251,837,181 | OtherAssetsBOYAmt |
| Other Assets EOY | $256,995,238 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $256,995,238 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $264,852,857 | TotalAssetsBOYAmt |
| Total Assets EOY | $269,725,335 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $271,062,409 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $6,747,008 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $10,401,016 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $6,747,008 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $10,401,016 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $258,105,849 | RetainedEarningBOYAmt |
| Retained Earning EOY | $259,324,319 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $258,105,849 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $259,324,319 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $264,852,857 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $269,725,335 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $258,105,849 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $1,218,470 | ExcessRevenueOverExpensesAmt |
| Subtotal | $259,324,319 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $259,324,319 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $157,081 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $309,604 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $26,517,210 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.011676 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $851,911 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $25,465,188 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.033454 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $506,931 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $15,184,410 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.033385 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $1,171,872 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $13,880,400 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.084426 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $711,936 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $10,915,272 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.065224 | DistributionYr5Rt |
| Total Distribution | 0.228165 | TotalDistributionRt |
| Average Distribution | 0.045633 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $28,689,066 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $1,309,168 | AdjNetVlNoncharitableAssetsAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $1,309,168 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $2,092,798 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $0 | InvestmentIncomeExciseTaxAmt |
| Estimated Plus Ovpmt Incm Tx | $5,600 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $5,600 | TotalPaymentsAndCreditsAmt |
| Overpayment | $5,600 | OverpaymentAmt |
| Applied To ES Tax | $5,600 | 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 | CO | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.POWERSARTCENTER.ORG | WebsiteAddressTxt |
| Individual With Books | MELISSA ENGLISH | IndividualWithBooksNm |
| Phone | 9709634445 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 13110 HIGHWAY 82 | AddressLine1Txt |
| City | CARBONDALE | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 81623 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
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 |
| 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 | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| 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 (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 |
|---|---|---|---|---|---|---|---|---|
| JAMES T BOHART JR | ||||||||
| 5513 CUESTA VERDE | AUSTIN | TX | 78746 | VICE PRES | 000.00 | $0 | $0 | $0 |
| BARBARA J HAPGOOD | ||||||||
| 13 FRIDAY LANE | CHAPEL HILL | NC | 27514 | SEC/TREASURE | 000.00 | $0 | $0 | $0 |
| KIMIKO POWERS | ||||||||
| 13112 HIGHWAY 82 | CARBONDALE | CO | 81623 | DIR/PRES | 000.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | POWERS ART CENTER MAINTAINED PUBLIC MUSEUM HOURS MONDAY THROUGH THURSDAY FROM 10:00AM TO 3:00PM AND ACCOMMODATED GROUP REQUESTS AND AFTER HOURS VISITS BY APPOINTMENT ON FRIDAYS AND SATURDAYS AS NEEDED. POWERS ART CENTER RECEIVED OVER 1,700 VISITORS IN 2019. VISITORS FROM THE LOCAL COMMUNITY, THE STATE OF COLORADO, THE UNITED STATES, AS WELL AS INTERNATIONAL VISITORS TO THE AREA, CONTINUE TO APPRECIATE THE OPPORTUNITY TO VIEW THE PERMANENT COLLECTION OF JASPER JOHNS WORKS ON PAPER, AS WELL OTHER ARTISTS WORK THAT ARE PART OF THE RYOBI FOUNDATION COLLECTION. MANY LOCAL GROUPS AND INDIVIDUALS SCHEDULED VISITS IN 2019: ANDERSON RANCH ARTIST IN RESIDENCE PROGRAM AND STUDENTS THAT ATTEND THE SPECIFIC CLASSES, COLORADO MOUNTAIN COLLEGE ART HISTORY CLASSES, ROSS MONTESSORI SCHOOL, COLORADO ROCKY MOUNTAIN SCHOOL, MUSEUM OF OUTDOOR SCULPTURE IN ENGLEWOOD COLORADO, VAIL BIKE CLUB, PITKIN COUNTY SENIORS GROUP, PHILADELPHIA MUSEUM BOARD MEMBERS AND A HOME SCHOOL GROUP. ROSS MONTESSORI SCHOOL FACILI | Description1Txt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $28,982,234 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $143,721 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $29,125,955 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $29,125,955 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $436,889 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $28,689,066 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,434,453 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,434,453 | MinimumInvestmentReturnAmt |
| Distributable Before Adj | $1,434,453 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $1,434,453 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,434,453 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $2,027,798 | ExpensesAndContributionsAmt |
| Charitable Assets Acquis Paid | $65,000 | CharitableAssetsAcquisPaidAmt |
| Qualifying Distributions | $2,092,798 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $2,092,798 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,434,453 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $1,016,257 | UndistributedIncomePYAmt |
| Qualifying Distributions | $2,092,798 | QualifyingDistributionsAmt |
| Applied To Year1 | $1,016,257 | AppliedToYear1Amt |
| Applied To Current Year | $1,076,541 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $357,912 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 | ASPEN VALLEY LAND TRUST | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 320 E MAIN | AddressLine1Txt |
| City | CARBONDALE | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 81623 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Or Contribution Purpose | DONATION | GrantOrContributionPurposeTxt |
| Amt | $30,000 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $30,000 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 26 | ExclusionCd |
| Exclusion | $244,343 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 26 | ExclusionCd |
| Exclusion | $305,055 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 26 | ExclusionCd |
| Exclusion | $157,081 | ExclusionAmt |
| Related Or Exempt Function Incm | $784,957 | RelatedOrExemptFunctionIncmAmt |
Other Revenue Described OtherRevenueDescribedGrp (3 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|
| RETAIL SALES | 26 | $3,723 |
| ART SALES | 26 | $1,399,950 |
| CO TAX CREDIT SALE | 26 | $1,057,500 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $3,167,652 | ExclusionAmt |
| Related Or Exempt Function Incm | $784,957 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $3,952,609 | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | TAX AND ACCTG FEES - JAV | CategoryTxt |
| Amt | $9,150 | Amt |
| Disbursements Charitable Prps | $9,150 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (8 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|---|---|---|---|
| OFFICE EQUIPMENT | 2015-01-01 | $7,163 | $5,925 | 200DB | 5.0000 | $825 | $825 |
| FURNITURE & FIXTURES | 2015-01-01 | $15,868 | $13,126 | 200DB | 5.0000 | $1,828 | $1,828 |
| BUILDING COSTS | 2015-01-01 | $10,754,150 | $1,091,500 | S/L | 39.0000 | $275,748 | $275,748 |
| EQUIPMENT - 2014 | 2015-01-01 | $312,488 | $258,490 | 200DB | 5.0000 | $35,999 | $35,999 |
| TRACTOR | 2015-01-01 | $55,552 | $45,953 | 200DB | 5.0000 | $6,399 | $6,399 |
| 2016 ADDITIONS | 2016-06-15 | $63,172 | $54,075 | 200DB | 5.0000 | $3,639 | $3,639 |
| EQUIPMENT ADDITIONS-2017 | 2017-06-15 | $29,069 | $22,092 | 200DB | 5.0000 | $2,791 | $2,791 |
| EQUIPMENT 2018 ADDITIONS | 2018-06-15 | $3,616 | $3,616 | 200DB | 5.0000 |
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Asset | BESSEMER ST & LT TRANSACTIONS | AssetDesc |
| Acquired | 2019-03 | AcquiredDt |
| How Acquired | PURCHASE | HowAcquiredTxt |
| Sold | 2019-12 | SoldDt |
| Gross Sales Price | $19,519,437 | GrossSalesPriceAmt |
| Basis | $18,734,480 | BasisAmt |
| Total Net | $784,957 | TotalNetAmt |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (6 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| BUILDING & IMPROVEMENTS | $10,754,150 | $1,367,248 | $9,386,902 | $10,754,150 |
| EQUIPMENT | $484,961 | $402,405 | $82,556 | |
| TRACTOR | $55,552 | $52,352 | $3,200 | $55,582 |
| 36 ACRE PARCEL, CARBONDALE, COLORADO | $595,000 | $595,000 | $595,000 | |
| PARCEL 1-64.931 ACRES-CARBONDALE | $995,000 | $995,000 | $995,000 | |
| PARCEL 2 -52.828 ACRES CARBONDALE | $1,475,000 | $1,475,000 | $1,475,000 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | HOLLAND & HART | CategoryTxt |
| Legal Fees | $33,946 | LegalFeesAmt |
| Disbursements Charitable Prps | $33,946 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (8 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| JASPER JOHNS ART COLLECTION | $2,932,725 | $2,997,725 | $2,997,725 |
| ART PURCHASES - 2015 | $520,000 | $520,000 | $520,000 |
| POST WAR & COMTEMP ART | $173,181,000 | $173,181,000 | $173,181,000 |
| ART PRINT AND MULTIPLES | $15,364,000 | $15,364,000 | $15,364,000 |
| JAPANESE ART COLLECTION | $34,611,500 | $33,031,500 | $33,031,500 |
| INVESTMENT - BESSEMER | $24,837,288 | $31,895,413 | $31,895,413 |
| UNREALIZED GAIN (LOSS)- INV. | $385,068 | ||
| PREPAID INCOME TAX DEPOSIT | $5,600 | $5,600 | $5,600 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (14 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| EXPENSES | |||
| INSURANCE | $51,419 | $51,419 | |
| BANK CHARGES | $31 | $31 | |
| UTILITIES | $15,035 | $15,035 | |
| TELEPHONE | $3,945 | $3,945 | |
| REPAIRS & MAINTENANCE | $112,124 | $112,124 | |
| ART MAINTENANCE EXPENSES | $10,399 | $10,399 | |
| SECURITY | $4,688 | $4,688 | |
| OFFICE EXPENSE | $8,363 | $8,363 | |
| POSTAGE | $1,278 | $1,278 | |
| INVESTMENT ADVISORY FEES | $95,362 | $95,362 | |
| EDUCATION AND TRAINING | $650 | $650 | |
| SUPPLIES & SMALL TOOLS | $62,234 | $62,237 | |
| COST OF ART SOLD | $1,580,000 | $1,580,000 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|
| RETAIL SALES | $3,723 | $3,723 |
| ART SALES | $1,399,950 | $1,399,950 |
| CO TAX CREDIT SALE | $1,057,500 | $1,057,500 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (6 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| NOTES PAYABLE - K POWERS (LOC) | $6,559,000 | $6,559,000 |
| NOTES PAYABLE - K POWERS | $50,000 | $50,000 |
| NOTES PAYABLE - K POWERS | $138,002 | $138,002 |
| UNREALIZED GAIN | $3,646,204 | |
| SALES TAX PAYABLE | $6 | |
| PAYROLL TAXES PAYABLE | $7,810 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | MANAGEMENT FEES | CategoryTxt |
| Amt | $50,000 | Amt |
| Disbursements Charitable Prps | $50,000 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INDIRECT TAXES/LICENSES | CategoryTxt |
| Amt | $10,542 | Amt |
| Net Investment Income | $7,314 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $3,228 | DisbursementsCharitablePrpsAmt |
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