THE MIKE KELLEY FOUNDATION FOR THE ARTS: Form 990PF, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- THE MIKE KELLEY FOUNDATION FOR THE ARTS (EIN 30-0434789)
- Tax period
- 2017-01-01 to 2017-12-31
- Filed
- 2018-09-07
- IRS object ID
- 201822509349100807
- Schema version
- 2017v2.3
- 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
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-09-07T15:25:45-05:00 | ReturnTs |
| Tax Period End | 2017-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 952302617 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SINGERLEWAK LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10960 WILSHIRE BLVD STE 700 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 900243783 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2017-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 300434789 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE MIKE KELLEY FOUNDATION FOR THE ARTS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MIKE | BusinessNameControlTxt |
| Phone | 3232577853 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7019 N FIGUEROA STREET | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90042 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | GARY CYPRES | PersonNm |
| Person Title | BOARD TREASURER | PersonTitleTxt |
| Phone | 3232577853 | PhoneNum |
| Signature | 2018-08-23 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LIOR TEMKIN | PreparerPersonNm |
| PTIN | P00748170 | PTIN |
| Phone | 3104773924 | PhoneNum |
| Preparation | 2018-08-23 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 208.87.235.180 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2018-08-23 | IPDt |
| IP Tm | 16:21:42 | IPTm |
| IP Timezone | PD | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 06D20EB817935A6C49EE9BDC9BE79DA30A2AD795 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | A8C347D7577EE39609FCA7AD81959A56D2A72CF1 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2018-06-14 16:35:46Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $89,585,843 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $12,019 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $264,047 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $264,047 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $782,157 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $3,037,157 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $782,157 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $136,952 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $123,298 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $1,195,175 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,169,502 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $266,429 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $263,439 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $7,435 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $7,435 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $15,432 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $12,364 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $82,072 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $8,158 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $73,914 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $105,124 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $50,361 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $59,425 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $33,733 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $28,725 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $24,368 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Occupancy Rev And Expnss | $45,981 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $0 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $0 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $20,609 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $20,302 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $192,090 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $193,392 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $793,273 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $58,519 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $658,996 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $369,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $369,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,162,273 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $58,519 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,027,996 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $32,902 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,110,983 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $8,092,265 | CashBOYAmt |
| Cash EOY | $9,692,317 | CashEOYAmt |
| Cash EOYFMV | $9,692,317 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $597,314 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $2,182,478 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $2,182,478 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $53,457 | AcctRcvblAmt |
| Acct Rcvbl BOY | $110,796 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $53,457 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $53,457 | AcctRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $44,426 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $58,677 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $58,677 | PrepaidExpensesEOYFMVAmt |
| Corporate Stock BOY | $5,776,425 | CorporateStockBOYAmt |
| Corporate Stock EOY | $6,803,766 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $6,803,766 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $5,540,487 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $4,503,027 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $4,503,027 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $841,243 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $68,982 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $764,527 | LandBOYAmt |
| Land EOY | $772,261 | LandEOYAmt |
| Land EOYFMV | $772,261 | LandEOYFMVAmt |
| Other Assets BOY | $66,873,159 | OtherAssetsBOYAmt |
| Other Assets EOY | $65,519,860 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $65,519,860 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $87,799,399 | TotalAssetsBOYAmt |
| Total Assets EOY | $89,585,843 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $89,585,843 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $50,415 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $37,514 | AccountsPayableEOYAmt |
| Other Liabilities BOY | $288,732 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $840,652 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $339,147 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $878,166 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| 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 | $87,460,252 | RetainedEarningBOYAmt |
| Retained Earning EOY | $88,707,677 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $87,460,252 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $88,707,677 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $87,799,399 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $89,585,843 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $87,460,252 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $32,902 | ExcessRevenueOverExpensesAmt |
| Other Increases | $1,214,523 | OtherIncreasesAmt |
| Subtotal | $88,707,677 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $88,707,677 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| GAIN FROM SALE OF ARTWORK | P | 2014-11-01 | 2017-12-31 | $2,890,000 | $2,255,000 | $635,000 | $635,000 |
| REALIZED GAINS FROM INVESTMENTS | P | 2017-01-01 | 2017-12-31 | $147,157 | $147,157 | $147,157 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $782,157 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $1,399,872 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $19,556,855 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.071580 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $716,299 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $15,179,898 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.047187 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $145,939 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $2,790,375 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.052301 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $48,382 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $995,499 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.048601 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $45,456 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $778,094 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.058420 | DistributionYr5Rt |
| Total Distribution | 0.278089 | TotalDistributionRt |
| Average Distribution | 0.055618 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $21,730,118 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $1,208,586 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $11,110 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $1,219,696 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $1,027,996 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $22,220 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $22,220 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $22,220 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $14,113 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $15,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $29,113 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $6,893 | OverpaymentAmt |
| Applied To ES Tax | $6,893 | 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 | 0 | 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 | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | 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 | MIKEKELLEYFOUNDATION.ORG | WebsiteAddressTxt |
| Individual With Books | MARY CLARE STEVENS | IndividualWithBooksNm |
| Phone | 3232577853 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7019 N FIGUEROA STREET | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90042 | 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 | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | 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 |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (6 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 |
|---|---|---|---|---|---|---|---|---|
| JOHN WELCHMAN | ||||||||
| 7019 N FIGUEROA ST | LOS ANGELES | CA | 90042 | CHAIRMAN | 1.00 | $0 | $0 | $0 |
| JAMES SHAW | ||||||||
| 7019 N FIGUEROA ST | LOS ANGELES | CA | 90042 | BOARD MEMBER | 1.00 | $0 | $0 | $0 |
| STEPHANIE BARRON | ||||||||
| 7019 N FIGUEROA ST | LOS ANGELES | CA | 90042 | BOARD MEMBER | 1.00 | $0 | $0 | $0 |
| JOAN WEINSTEIN | ||||||||
| 7019 N FIGUEROA ST | LOS ANGELES | CA | 90042 | SECRETARY | 1.00 | $0 | $0 | $0 |
| GARY CYPRES | ||||||||
| 7019 N FIGUEROA ST | LOS ANGELES | CA | 90042 | TREASURER | 1.00 | $0 | $0 | $0 |
| CATHY OPIE | ||||||||
| 7019 N FIGUEROA ST | LOS ANGELES | CA | 90042 | BOARD MEMBER | 1.00 | $0 | $0 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt | Expense AccountExpenseAccountAmt |
|---|---|---|---|---|---|---|---|---|
| MARY CLARE STEVENS | ||||||||
| 7019 N FIGUEROA ST | LOS ANGELES | CA | 90042 | EXECUTIVE DIRECTOR | 50.00 | $128,789 | $3,904 | $0 |
| MARK LIGHTCAP | ||||||||
| 7019 N FIGUEROA ST | LOS ANGELES | CA | 90042 | COLLECTIONS & FACILI | 40.00 | $77,471 | $2,334 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| ABEL MCHONE | |||||
| 3641 RAMONA CIRCLE | PALO ALTO | CA | 94306 | FABRICATION | $65,000 |
| DJK CONSULTING | |||||
| 1716 ALAMITAS AVE UNIT D | MONROVIA | CA | 91016 | BOOKKEEPING | $51,529 |
| JP MORGAN | |||||
| 2029 CENTURY PARK EAST 39TH FL | LOS ANGELES | CA | 90067 | INVESTMENT ADVISORY | $50,361 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | COMMITTED TO MAINTAIN, DOCUMENT AND PRESERVE A COLLECTION OF ARTWORK AND THE ARTIST'S ARCHIVES FOR FUTURE RESEARCH AND STUDY. ACTS AS A RESOURCE TO SCHOLARS, CURATORS AND RESEARCHERS WITH INFORMATION ABOUT AND IMAGES OF ARTWORKS. LOANS ARTWORKS FROM THE COLLECTION TO QUALIFIED MUSEUMS AND NON-PROFIT INSTITUTIONS. RESEARCHED, DEVELOPED AND IMPLEMENTED A NEW GRANTMAKING PROGRAM, MIKE KELLEY ARTIST PROJECT GRANTS, TO BENEFIT NON-PROFIT ARTS ORGANIZATIONS AND ARTISTS IN LA COUNTY. THE FOUNDATION LAUNCHED THE GRANT IN JUNE OF 2015. | Description1Txt |
| Expenses1 | $1,027,996 | 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 | $12,742,797 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $7,744,340 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $1,573,897 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $22,061,034 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $22,061,034 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $330,916 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $21,730,118 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,086,506 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,086,506 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $22,220 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $22,220 | TotalTaxAmt |
| Distributable Before Adj | $1,064,286 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $1,064,286 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $1,064,286 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,027,996 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,027,996 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,027,996 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,064,286 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $1,575 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr3 | $12,234 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr1 | $440,923 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $454,732 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,027,996 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $1,027,996 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $36,290 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $36,290 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $418,442 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $418,442 | ExcessDistriCyovToNextYrAmt |
| Excess From Year1 | $418,442 | ExcessFromYear1Amt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | THE ORGANIZATION | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7019 N FIGUEROA ST | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90042 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 3232577856 | RecipientPhoneNum |
| Form And Info And Materials | PLEASE SEE THE FOUNDATION'S WEBSITE FOR DETAIL | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | OCTOBER 31ST OF EACH YEAR | SubmissionDeadlinesTxt |
| Restrictions On Awards | MUST BE SPENT ON ART RELATED ACTIVITIES: EDUCATION, PROMOTION, AND ADVANCEMENT OF ARTS. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (9 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| PASADENA ARTS COUNCIL | |||||||
| 65 S GRAND AVE | PASADENA | CA | 91105 | NONE | PC | EDUCATION, PROMOTION, AND ADVANCEMENT OF ART | $36,000 |
| MUSEUM OF CONTEMPORARY ART DETROIT | |||||||
| 4454 WOODWARD AVE | DETROIT | MI | 48201 | NONE | PC | EDUCATION, PROMOTION, AND ADVANCEMENT OF ART | $50,000 |
| THE INDUSTRY | |||||||
| 244 SOUTH SAN PEDRO STREET 304 | LOS ANGELES | CA | 90012 | NONE | PC | EDUCATION, PROMOTION, AND ADVANCEMENT OF ART | $40,000 |
| REDCAT ROY AND EDNA DISNEYCALARTS THEATER | |||||||
| 24700 MCBEAN PARKWAY | VALENCIA | CA | 91355 | NONE | PC | EDUCATION, PROMOTION, AND ADVANCEMENT OF ART | $40,000 |
| UNIVERSITY ART MUSEUM CAL STATE LONG BEACH | |||||||
| 1250 N BELLFLOWER BLVD | LONG BEACH | CA | 90840 | NONE | PC | EDUCATION, PROMOTION, AND ADVANCEMENT OF ART | $40,000 |
| LA PLAZA DE CULTURA Y ARTES | |||||||
| 501 N MAIN ST | LOS ANGELES | CA | 90012 | NONE | PC | EDUCATION, PROMOTION, AND ADVANCEMENT OF ART | $40,000 |
| SASSAS | |||||||
| PO BOX 50386 | LOS ANGELES | CA | 90050 | NONE | PC | EDUCATION, PROMOTION, AND ADVANCEMENT OF ART | $33,000 |
| VINCENT PRICE MUSEUM | |||||||
| 1301 AVENIDA CESAR CHAVEZ | MONTEREY PARK | CA | 91754 | NONE | PC | EDUCATION, PROMOTION, AND ADVANCEMENT OF ART | $50,000 |
| HUMAN RESOURCES LOS ANGELES | |||||||
| 410 COTTAGE HOME ST | LOS ANGELES | CA | 90012 | NONE | PC | EDUCATION, PROMOTION, AND ADVANCEMENT OF ART | $40,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $369,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $264,047 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 15 | ExclusionCd |
| Exclusion | $33,298 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $782,157 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (2 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|
| RESALES | 01 | $90,000 |
| OTHER INCOME | 01 | $13,654 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $1,183,156 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,183,156 | TotalIncomeProducingActyAmt |
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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | 2001 MICHAEL D KELLEY RVOC TRUST | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7019 N FIGUEROA STREET | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90042 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $9,821 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| BOOKKEEPING | $51,529 | $8,158 | $43,371 |
| ACCOUNTING | $30,543 | $0 | $30,543 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (4 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| US EQUITIES | $3,366,715 | $3,366,715 |
| EAFE EQUITIES | $1,490,315 | $1,490,315 |
| INTERNATIONAL EQUITIES | $1,184,592 | $1,184,592 |
| EMERGING MARKETS EQUITIES | $762,144 | $762,144 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| ALTERNATIVE ASSETS | FMV | $1,131,105 | $1,131,105 |
| SHORT TERM BONDS | FMV | $3,371,922 | $3,371,922 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL | CategoryTxt |
| Legal Fees | $15,432 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $12,364 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (3 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| BENEFICIAL INTEREST IN TRUST | $50,077 | $29,640 | $29,640 |
| ARTWORK | $66,823,082 | $65,470,146 | $65,470,146 |
| INVESTMENT IN KELLEY STUDIO | $20,074 | $20,074 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (11 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| REPAIRS AND MAINTENANCE | $22,186 | $0 | $21,897 |
| OFFICE SUPPLIES | $15,580 | $0 | $17,539 |
| TELEPHONE | $4,324 | $0 | $4,324 |
| INSURANCE | $99,096 | $0 | $99,096 |
| DUES & SUBSCRIPTION | $2,646 | $0 | $2,646 |
| UTILITIES | $10,093 | $0 | $10,093 |
| LICENSES | $894 | $0 | $894 |
| PAYROLL PROCESSING | $1,970 | $0 | $1,970 |
| WEBSITE | $13,500 | $0 | $13,500 |
| PROGRAM EXPENSES | $17,608 | $0 | $16,804 |
| OTHER EXPENSES | $4,193 | $0 | $4,629 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| ROYALTY INCOME | $33,298 | $33,298 | $33,298 |
| RESALES | $90,000 | $90,000 | $90,000 |
| OTHER INCOME | $13,654 | $13,654 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED GAIN ON INVESTMENTS | Desc |
| Amt | $1,214,523 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (3 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| DEFERRED EXCISE TAXES | $57,422 | $24,556 |
| DEPOSITS | $231,310 | $808,721 |
| EXCISE TAX PAYABLE | $0 | $7,375 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| OUTSIDE SERVICES | $41,052 | $0 | $41,052 |
| CONTRACTORS | $13,711 | $0 | $18,373 |
| BROKERAGE FEES | $50,361 | $50,361 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| PAYROLL TAXES | $22,912 | $0 | $22,912 |
| PROPERTY TAXES | $9,656 | $0 | $5,813 |
| STATE/LOCAL TAXES | $1,165 | $0 | $0 |
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