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RYOBI FOUNDATION: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
RYOBI FOUNDATION (EIN 74-2517850)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-10-24
IRS object ID
201732979349100713
Schema version
2016v3.0
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)
Return2017-10-24T14:31:44-06:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1JOHN A VIRGILI CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1406 S HYLAND PARK DR STE AAddressLine1Txt
CityGLENWOOD SPRINGSCityNm
State AbbreviationCOStateAbbreviationCd
ZIP81601ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN742517850EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1RYOBI FOUNDATIONBusinessNameLine1Txt
Business Name Line2KIMIKO POWERSBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlRYOBBusinessNameControlTxt
Phone9709634445PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line113110 HIGHWAY 82AddressLine1Txt
CityCARBONDALECityNm
State AbbreviationCOStateAbbreviationCd
ZIP81623ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKIMIKO POWERSPersonNm
Person TitleDIR/PRESPersonTitleTxt
Phone9709634445PhoneNum
Signature2017-09-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJOHN A VIRGILI CPAPreparerPersonNm
PTINP00199021PTIN
Phone9709455146PhoneNum
Preparation2017-10-24PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$264,820,971FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$8,533,494ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$353,672InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$314,751InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$353,672InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$456,987DividendsRevAndExpnssAmt
Dividends Net Invst Incm$456,987DividendsNetInvstIncmAmt
Dividends Adj Net Incm$456,987DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$854,919NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$25,443,224GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$177,205CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$6,758OtherIncomeRevAndExpnssAmt
Other Income Adj Net Incm$6,758OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$10,205,830TotalRevAndExpnssAmt
Total Net Invst Incm$948,943TotalNetInvstIncmAmt
Total Adj Net Incm$817,417TotalAdjNetIncmAmt
Oth Empl Slrs Wgs Rev And Expnss$236,248OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl$236,248OthEmplSlrsWgsDsbrsChrtblAmt
Legal Fees Rev And Expnss$37,496LegalFeesRevAndExpnssAmt
Legal Fees Dsbrs Chrtbl$37,496LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$7,950AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$7,950AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$18,759TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$18,759TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss$438,792DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm$438,792DeprecAndDpltnNetInvstIncmAmt
Trav Conf Meeting Rev And Expnss$4,726TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Dsbrs Chrtbl$4,726TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$372,606OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$234,026OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$138,580OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$1,116,577TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$672,818TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$443,759TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,116,577TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$672,818TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$443,759TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$9,089,253ExcessRevenueOverExpensesAmt
Net Investment Income$276,125NetInvestmentIncomeAmt
Adjusted Net Income$817,417AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$1,746,758CashBOYAmt
Cash EOY$102,932CashEOYAmt
Cash EOYFMV$102,932CashEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$14,273,391LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$781,265LandBldgEquipAccumDeprecAmt
Land BOY$13,867,747LandBOYAmt
Land EOY$13,492,126LandEOYAmt
Land EOYFMV$14,273,391LandEOYFMVAmt
Other Assets BOY$239,340,581OtherAssetsBOYAmt
Other Assets EOY$250,444,648OtherAssetsEOYAmt
Other Assets EOYFMV$250,444,648OtherAssetsEOYFMVAmt
Total Assets BOY$254,955,086TotalAssetsBOYAmt
Total Assets EOY$264,039,706TotalAssetsEOYAmt
Total Assets EOYFMV$264,820,971TotalAssetsEOYFMVAmt
Other Liabilities BOY$6,751,635OtherLiabilitiesBOYAmt
Other Liabilities EOY$6,747,002OtherLiabilitiesEOYAmt
Total Liabilities BOY$6,751,635TotalLiabilitiesBOYAmt
Total Liabilities EOY$6,747,002TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$248,203,451RetainedEarningBOYAmt
Retained Earning EOY$257,292,704RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$248,203,451TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$257,292,704TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$254,955,086TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$264,039,706TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$248,203,451TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$9,089,253ExcessRevenueOverExpensesAmt
Subtotal$257,292,704SubtotalAmt
Tot Net Ast Or Fund Balances EOY$257,292,704TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$177,205CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$1,171,872AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$13,880,400NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.084426DistributionYr1Rt
Adjusted Qlfy Distri Yr2$711,936AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$10,915,272NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.065224DistributionYr2Rt
Adjusted Qlfy Distri Yr3$934,692AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$6,152,885NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.151911DistributionYr3Rt
Adjusted Qlfy Distri Yr4$501,733AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$5,795,926NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.086566DistributionYr4Rt
Adjusted Qlfy Distri Yr5$1,359,340AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$5,896,936NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.230516DistributionYr5Rt
Total Distribution0.618643TotalDistributionRt
Average Distribution0.123729AverageDistributionRt
Net Vl Noncharitable Assets$15,184,410NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$1,878,752AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$2,761NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$1,881,513AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$506,931QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$5,523InvestmentIncomeExciseTaxAmt
Subtotal$5,523SubtotalAmt
Tax Based On Investment Income$5,523TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$705EstimatedPlusOvpmtIncmTxAmt
Applied To Es Tax$5,000AppliedToEsTaxAmt
Total Payments And Credits$5,705TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$166EsPenaltyAmt
Overpayment$16OverpaymentAmt
Applied To ES Tax$0AppliedToESTaxAmt
Refund$16RefundAmt

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 StateCOOrgReportOrRegisterStateCd
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
Website AddressWWW.POWERSARTCENTER.ORGWebsiteAddressTxt
Individual With BooksMELISSA ENGLISHIndividualWithBooksNm
Phone9709634445PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line113110 HIGHWAY 82AddressLine1Txt
CityCARBONDALECityNm
State AbbreviationCOStateAbbreviationCd
ZIP81623ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnYes (true)BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
JAMES T BOHART JR
5513 CUESTA VERDEAUSTINTX78746VICE PRES000.00$0$0$0
BARBARA J HAPGOOD
13 FRIDAY LANECHAPEL HILLNC27514SEC/TREASURE000.00$0$0$0
KIMIKO POWERS
13112 HIGHWAY 82CARBONDALECO81623DIR/PRES000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1DURING 2016, THE FOUNDATION CONTINUED PUBLIC MUSEUM HOURS MONDAY THROUGH THURSDAY FROM 10:00 AM TO 3:00 PM AND ACCOMODATED LARGE GROUP REQUESTS BY APPOINTMENT FRIDAY AND SATURDAY AS NEEDED. THE POWERS ART CENTER HOSTED 1,700 VISITORS DURING 2016 WHICH INCLUDED LOCAL COMMUNITY RESIDENTS AND INTERNATIONAL VISITORS AS WELL AS VISITORS FROM OTHER AREAS OF COLORADO AND OTHER STATES. LOCAL GROUPS INCLUDED: MARBLE COMMUNITY SCHOOL, COLORADO MOUNTAIN COLLEGE (ART PAINTING AND CERAMIC CLASSES)AND YAMPAH HIGH SCHOOL-ANDERSON RANCH (CERAMIC AND PAINTING STUDENTS). CARBONDALE COUNCIL ON ARTS AND HUMANITIES IS PARTICIPATING IN THE ESTABLISHMENT OF THE COLORADO CREATIVE INDUSTRIES DISTRICT DURING THEIR CONFERENCE HELD IN CARBONDALE, COLORADO ON MAY 6, 2016. A GROUP OF 30 MEMBERS VISITED POWERS ART CENTER DURING 2016 TO FACILITATE ADDITIONAL AWARENESS OF THE MUSEUM ACROSS THE STATE. WE FACILITATED A LOAN OF EIGHT JASPER JOHNS ART WORKS TO THE MUNCH MUSEUM IN OSLO (JUNE 18 TO SEPTEMBER 25, 2016) AND VDescription1Txt
Expenses1$1Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$15,175,204AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$240,441AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$15,415,645TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$15,415,645AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$231,235CashDeemedCharitableAmt
Net Vl Noncharitable Assets$15,184,410NetVlNoncharitableAssetsAmt
Minimum Investment Return$759,221MinimumInvestmentReturnAmt

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$443,759ExpensesAndContributionsAmt
Charitable Assets Acquis Paid$63,172CharitableAssetsAcquisPaidAmt
Qualifying Distributions$506,931QualifyingDistributionsAmt
Adjusted Qualifying Distri$506,931AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Qualifying Distributions$506,931QualifyingDistributionsAmt
Remaining Distri From Corpus$506,931RemainingDistriFromCorpusAmt
Total Corpus$506,931TotalCorpusAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

FieldValueIRS element (for citing)
Section4942j3Yes (X)Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$759,221CurrentYearAmt
Year1$3,804Year1Amt
Year2$545,764Year2Amt
Year3$307,644Year3Amt
Total$1,616,433TotalAmt

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

FieldValueIRS element (for citing)
Current Year$645,338CurrentYearAmt
Year1$3,233Year1Amt
Year2$463,899Year2Amt
Year3$261,497Year3Amt
Total$1,373,967TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$506,931CurrentYearAmt
Year1$1,171,872Year1Amt
Year2$711,936Year2Amt
Year3$934,692Year3Amt
Total$3,325,431TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$506,931CurrentYearAmt
Year1$1,171,872Year1Amt
Year2$711,936Year2Amt
Year3$934,692Year3Amt
Total$3,325,431TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Current Year$506,147CurrentYearAmt
Year1$462,680Year1Amt
Year2$363,843Year2Amt
Year3$205,096Year3Amt
Total$1,537,766TotalAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion26ExclusionCd
Exclusion$314,751ExclusionAmt
Related Or Exempt Function Incm$38,921RelatedOrExemptFunctionIncmAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion26ExclusionCd
Exclusion$456,987ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion26ExclusionCd
Exclusion-$173,194ExclusionAmt
Related Or Exempt Function Incm$1,028,113RelatedOrExemptFunctionIncmAmt

Other Revenue Described OtherRevenueDescribedGrp (3 entries)

DescDescExclusionExclusionCdExclusionExclusionAmt
RETAIL SALES26$4,083
SALE OF ART26
BLACKSTONE K-126$2,675

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$605,302ExclusionAmt
Related Or Exempt Function Incm$1,067,034RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$1,672,336TotalIncomeProducingActyAmt

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 PersonKIMIKO POWERSContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line113112 HIGHWAY 82AddressLine1Txt
CityCARBONDALECityNm
State AbbreviationCOStateAbbreviationCd
ZIP81623ZIPCd
FieldValueIRS element (for citing)
Total Contributions$8,532,954TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryTAX AND ACCTG FEES - JAVCategoryTxt
Amt$7,950Amt
Disbursements Charitable Prps$7,950DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (6 entries)

PropertyPropertyDescAcquiredAcquiredDtCost Or Other BasisCostOrOtherBasisAmtPrior Year DepreciationPriorYearDepreciationAmtComputation MethodComputationMethodTxtLifeLifeRtCurrent Year ExpenseCurrentYearExpenseAmtNet Investment IncomeNetInvestmentIncomeAmt
OFFICE EQUIPMENT2015-01-01$7,163$1,433200DB5.0000$2,292$2,292
FURNITURE & FIXTURES2015-01-01$15,868$3,174200DB5.0000$5,077$5,077
BUILDING COSTS2015-01-01$10,754,150$264,258S/L39.0000$275,747$275,747
EQUIPMENT - 20142015-01-01$312,488$62,498200DB5.0000$99,996$99,996
TRACTOR2015-01-01$55,552$11,110200DB5.0000$17,777$17,777
2016 ADDITIONS2016-06-15$63,172200DB5.0000$37,903$37,903

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (6 entries)

AssetAssetDescAcquiredAcquiredDtHow AcquiredHowAcquiredTxtSoldSoldDtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmt
HSBC ACCT 10-341030 ST2015-05PURCHASE2016-02$4,528,183$4,771,139-$242,956
HSBC ACCT 10-3410302014-12PURCHASE2016-11$2,558,214$2,665,657-$107,443
BESSEMER ACCT 8P05982016-02PURCHASE2016-11$4,332,101$4,102,292$229,809
BESSEMER ACCT 8P0598 LT2014-12PURCHASE2016-11$13,104,470$12,332,965$771,505
BESSEMER ACCT 8P06322016-05PURCHASE2016-11$703,051$716,252-$13,201
ART SOLD2015-05PURCHASE2012-12$40,000$40,000

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (6 entries)

Category Or ItemCategoryOrItemTxtCost Or Other BasisCostOrOtherBasisAmtAccumulated DepreciationAccumulatedDepreciationAmtBook ValueBookValueAmtEOYFMVEOYFMVAmt
BUILDING & IMPROVEMENTS$10,754,150$540,005$10,214,145$10,754,150
EQUIPMENT$398,689$212,373$186,316$398,689
TRACTOR$55,552$28,887$26,665$55,552
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 (2 entries)

CategoryCategoryTxtLegal FeesLegalFeesAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
HOLLAND & HART$33,778$33,778
BALCOMB & GREEN$3,718$3,718

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (8 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
JASPER JOHNS ART COLLECTION$2,833,725$2,833,725$2,833,725
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$34,710,000$34,710,000$34,710,000
INVESTMENT - HSBC SECURITIES$12,376,532$2,817,314$2,817,314
INVESTMENT - BESSEMER$20,577,195$20,577,195
UNREALIZED GAIN (LOSS)- INV.$355,324$441,414$441,414

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (14 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
INSURANCE$44,789$44,789
BANK CHARGES$65$65
DUES & SUBSCRIPTIONS$1,670$1,670
ART MAINTENANCE EXPENSES$30,885$30,885
UTILITIES$14,601$14,601
TELEPHONE$4,096$4,096
REPAIRS & MAINTENANCE$107,695$107,695
SECURITY$46,338$46,338
OFFICE EXPENSE$8,869$8,869
SUB CONTRACTS$4,135$4,135
POSTAGE$760$760
INVESTMENT ADVISORY FEES$101,614$101,614
ENTERPRISE PROD - K-1$7,089$7,089

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtAdjusted Net IncomeAdjustedNetIncomeAmt
RETAIL SALES$4,083$4,083
BLACKSTONE K-1$2,675$2,675

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail (4 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY 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
PAYROLL TAX LIABILITIES$4,633

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT TAXES/LICENSESCategoryTxt
Amt$18,759Amt
Disbursements Charitable Prps$18,759DisbursementsCharitablePrpsAmt

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