ART BRIDGES INC: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
ART BRIDGES INC (EIN 81-0842855)
Tax period
2018-10-01 to 2019-09-30
Filed
2020-08-11
IRS object ID
202032249349100618
Schema version
2018v3.3
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2020-08-11T18:03:42-05:00ReturnTs
Tax Period End2019-09-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WALTON ENTERPRISES LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1860AddressLine1Txt
CityBENTONVILLECityNm
State AbbreviationARStateAbbreviationCd
ZIP72712ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2018-10-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN810842855EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ART BRIDGES INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% COLLEEN REILLYInCareOfNm
Business Name ControlARTBBusinessNameControlTxt
Phone4794641570PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1209 WEST 2ND STREET 370AddressLine1Txt
CityFORT WORTHCityNm
State AbbreviationTXStateAbbreviationCd
ZIP76102ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBUDDY D PHILPOTPersonNm
Person TitleVP/SECRETARYPersonTitleTxt
Phone4794641500PhoneNum
Signature2019-08-04SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKENT C CROUCHPreparerPersonNm
PTINP00810750PTIN
Phone4794641500PhoneNum
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$856,186,306FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$810,000,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$6,549,910InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$6,549,910InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$6,549,910InterestOnSavingsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$180NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$180GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$180CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$816,550,090TotalRevAndExpnssAmt
Total Net Invst Incm$6,550,090TotalNetInvstIncmAmt
Total Adj Net Incm$6,549,910TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Legal Fees Rev And Expnss$72,600LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$0LegalFeesNetInvstIncmAmt
Legal Fees Adj Net Incm$0LegalFeesAdjNetIncmAmt
Legal Fees Dsbrs Chrtbl$72,600LegalFeesDsbrsChrtblAmt
Other Prof Fees Rev And Expnss$670,869OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$1,250OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl$669,619OtherProfFeesDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss$10,860TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Dsbrs Chrtbl$10,860TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$148,650,077OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$148,650,077OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$149,404,406TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,250TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$0TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$149,403,156TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,059,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,059,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$150,463,406TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,250TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$0TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$150,462,156TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$666,086,684ExcessRevenueOverExpensesAmt
Net Investment Income$6,548,840NetInvestmentIncomeAmt
Adjusted Net Income$6,549,910AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$126,607CashBOYAmt
Cash EOY$68,173CashEOYAmt
Cash EOYFMV$68,173CashEOYFMVAmt
Sav And Temp Cash Invst BOY$189,973,015SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$856,066,856SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$856,066,856SavAndTempCashInvstEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$2,824LandBldgEquipCostOrOtherBssAmt
Land EOY$2,824LandEOYAmt
Land EOYFMV$2,824LandEOYFMVAmt
Other Assets EOY$48,453OtherAssetsEOYAmt
Other Assets EOYFMV$48,453OtherAssetsEOYFMVAmt
Total Assets BOY$190,099,622TotalAssetsBOYAmt
Total Assets EOY$856,186,306TotalAssetsEOYAmt
Total Assets EOYFMV$856,186,306TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$190,099,622RetainedEarningBOYAmt
Retained Earning EOY$856,186,306RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$190,099,622TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$856,186,306TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$190,099,622TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$856,186,306TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$190,099,622TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$666,086,684ExcessRevenueOverExpensesAmt
Subtotal$856,186,306SubtotalAmt
Tot Net Ast Or Fund Balances EOY$856,186,306TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$180CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$62,741,068AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$199,871,228NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.313907DistributionYr1Rt
Adjusted Qlfy Distri Yr2$37,498,546AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$132,988,334NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.281969DistributionYr2Rt
Adjusted Qlfy Distri Yr3$37,886,779AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$57,894,549NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.65441DistributionYr3Rt
Total Distribution1.250286TotalDistributionRt
Average Distribution0.416762AverageDistributionRt
Net Vl Noncharitable Assets$359,374,992NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$149,773,840AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$65,488NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$149,839,328AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$150,513,433QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$65,488InvestmentIncomeExciseTaxAmt
Subtotal$65,488SubtotalAmt
Tax Based On Investment Income$65,488TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$375,319EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$375,319TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Overpayment$309,831OverpaymentAmt
Applied To ES Tax$309,831AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateDEOrgReportOrRegisterStateCd
Org Report Or Register StateTXOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationYes (true)PrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1COLLEEN REILLYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4794641500PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 2030AddressLine1Txt
CityBENTONVILLECityNm
State AbbreviationARStateAbbreviationCd
ZIP72712ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsYes (true)GrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsYes (true)MaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
ALICE L WALTON
PO BOX 1860BENTONVILLEAR72712DIRECTOR; PRESIDENT;5.0$0$0$0
RICHARD D CHAPMAN
P O BOX 1860BENTONVILLEAR72712DIRECTOR; VP/TREASURER0.5$0$0$0
BUDDY D PHILPOT
P O BOX 1860BENTONVILLEAR72712DIRECTOR; VP/SECRETARY1.0$0$0$0
ROBERT A SMITH
P O BOX 1860BENTONVILLEAR72712DIRECTOR; ASS'T SECR./TREAS.1.0$0$0$0

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdService TypeServiceTypeTxtCompensationCompensationAmt
CRYSTAL BRIDGES MUSEUM OF AMERICAN ART
600 MUSEUM WAYBENTONVILLEAR72712MANAGEMENT FEES$356,704
MCAM LLC
1009 GENERAL KENNEDY AVENUESAN FRANCISCOCA94129EXECUTIVE RECRUITER$106,333
DISPLAYS FINE ART SERVICES LLC
626 106TH STREETARLINGTONTX76011TRANSPORT, STORAGE$118,351
BLUE WATER COMMUNICATIONS
435 12TH STREET WBRADENTONFL34205COMMUNICATIONS$74,917
CROZIER FINE ARTS
525 WEST 20TH STREETNEW YORKNY10011ART LOGISTICS$59,364
FieldValueIRS element (for citing)
Contractor Paid Over50k1ContractorPaidOver50kCnt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1ACQUIRING, MAINTAINING, AND LOANING WORKS OF AMERICAN ART TO PUBLIC ART MUSEUMS AND INSTITUTIONS FOR PUBLIC EDUCATION. DURING THE FISCAL YEAR, SEVERAL WORKS OF ART WERE LOANEDDescription1Txt
Expenses1$149,403,156Expenses1Amt
Description2TO MULITPLE PUBLIC ART MUSEUMS FOR DISPLAY AND EDUCATION TO THE PUBLIC.Description2Txt
FieldValueIRS element (for citing)
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$364,847,708AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$364,847,708TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$364,847,708AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$5,472,716CashDeemedCharitableAmt
Net Vl Noncharitable Assets$359,374,992NetVlNoncharitableAssetsAmt
Minimum Investment Return$17,968,750MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Sect4942j3j5 Fndtn And Frgn OrgYes (X)Sect4942j3j5FndtnAndFrgnOrgInd

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$150,462,156ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$51,277CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$150,513,433QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$65,488PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$150,447,945AdjustedQualifyingDistriAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

FieldValueIRS element (for citing)
Private Operating Fndtn Ruling2016-07-27PrivateOperatingFndtnRulingDt
Section4942j3Yes (X)Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$6,549,910CurrentYearAmt
Year1$2,644,630Year1Amt
Year2$550,743Year2Amt
Year3$940,937Year3Amt
Total$10,686,220TotalAmt

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

FieldValueIRS element (for citing)
Current Year$5,567,424CurrentYearAmt
Year1$2,247,936Year1Amt
Year2$468,132Year2Amt
Year3$799,796Year3Amt
Total$9,083,288TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$150,513,433CurrentYearAmt
Year1$62,741,068Year1Amt
Year2$37,498,546Year2Amt
Year3$37,886,779Year3Amt
Total$288,639,826TotalAmt

Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp

FieldValueIRS element (for citing)
Current Year$1,059,000CurrentYearAmt
Year1$1,560,884Year1Amt
Year2$131,450Year2Amt
Total$2,751,334TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$149,454,433CurrentYearAmt
Year1$61,180,184Year1Amt
Year2$37,367,096Year2Amt
Year3$37,886,779Year3Amt
Total$285,888,492TotalAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
Current Year$0CurrentYearAmt
Year1$0Year1Amt
Year2$0Year2Amt
Total$0TotalAmt

Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Current Year$11,979,766CurrentYearAmt
Year1$6,662,707Year1Amt
Year2$4,432,945Year2Amt
Year3$1,929,818Year3Amt
Total$25,005,236TotalAmt

Total Support TotalSupportGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Public Support Type PublicSupportType

FieldValueIRS element (for citing)
Total$0TotalAmt

Largest Support From EO LargestSupportFromEOGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Gross Investment Income GrossInvestmentIncomeGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerALICE L WALTONContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1TERRA FOUNDATION FOR AMERICAN ARTBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1120 EAST ERIE STREETAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60611ZIPCd
FieldValueIRS element (for citing)
Recipient Foundation StatusPOFRecipientFoundationStatusTxt
Grant Or Contribution PurposeTO SUPPORT THE COLLABORATIVE EXHIBITION PROGRAM THAT TERRA FOUNDATION WILL MANAGE WITH APPROXIMATELY 10 COLLECTION-RICH MUSEUMS OVER 6 YEARS.GrantOrContributionPurposeTxt
Amt$1,059,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,059,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$6,549,910ExclusionAmt
FieldValueIRS element (for citing)
Div And Int From Sec Part VIIDivAndIntFromSecPartVIIGrp
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment Incm Part VIIOtherInvestmentIncmPartVIIGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$180ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$6,550,090ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$6,550,090TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonALICE L WALTONContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1209 WEST 2ND STREET 370AddressLine1Txt
CityFORT WORTHCityNm
State AbbreviationTXStateAbbreviationCd
ZIP76102ZIPCd
FieldValueIRS element (for citing)
Total Contributions$810,000,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Depreciation Schedule DepreciationSchedule

Expenditure Responsibility Stmt ExpenditureResponsibilityStmt

Expenditure Responsibility ExpenditureResponsibilityGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdGrantGrantDtGrantGrantAmtPurpose Of GrantPurposeOfGrantTxtExpended By GranteeExpendedByGranteeAmtAny Diversion By GranteeAnyDiversionByGranteeTxtDates Of Reports By GranteeDatesOfReportsByGranteeTxtVerificationVerificationDtResults Of VerificationResultsOfVerificationTxt
TERRA FOUNDATION FOR AMERICAN ART
120 EAST ERIE STREETCHICAGOIL606112017-12-21$1,560,884Support a collaborative cohort exhibition program with the Terra Foundation at approx. 10 museums$1,560,884NO12/18/20192019-12-18The 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, 2019; therefore,further verification by the Foundation was deemed unnecessary.
TERRA FOUNDATION FOR AMERICAN ART
120 EAST ERIE STREETCHICAGOIL606112019-03-31$1,059,000Support a collaborative cohort exhibition program with the Terra Foundation at approx. 10 museums$681,087NO12/18/20192019-12-18The 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, 2019; therefore,further verification by the Foundation was deemed unnecessary.

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLEGAL FEESCategoryTxt
Legal Fees$72,600LegalFeesAmt
Disbursements Charitable Prps$72,600DisbursementsCharitablePrpsAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescWEBSITE DEVELOPMENTDesc
EOY Book Value$48,453EOYBookValueAmt
EOYFMV$48,453EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (8 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
ART PROCUREMENT EXPENSE$147,813,250$147,813,250
EXHIBITION SUPPORT COSTS$548,281$548,281
RECRUITING EXPENSE$106,333$106,333
INSURANCE EXPENSE$86,052$86,052
COMMUNICATION EXPENSE$77,837$77,837
ADVERTISING/MARKETING EXPENSE$580$580
FRANCHISE & CORP. AGENT FEES$567$567
OTHER EXPENSE$17,177$17,177

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (5 entries)

CategoryCategoryTxtAmtAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmtNet Investment IncomeNetInvestmentIncomeAmt
ADMINISTRATOR & MANAGEMENT FEE$351,259$351,259
FINE ART CONSERVATION$33,419$33,419
FINE ART PACK,TRANSPORT,FRAME$262,906$262,906
FINE ART STORAGE$22,035$22,035
NORTHERN TRUST FEES$1,250$1,250

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxt
FRANCHISE/CORPORATE AGENT FEES
EXCISE TAX

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