TAUBMAN FOUNDATION FOR THE ARTS: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
TAUBMAN FOUNDATION FOR THE ARTS (EIN 27-3136632)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-10-24
IRS object ID
201732979349100208
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)
Return2017-10-24T11:44:39-07:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ALAN E KLINGER PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12107 Electric Road SW Suite 100AddressLine1Txt
CityRoanokeCityNm
State AbbreviationVAStateAbbreviationCd
ZIP24018ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN273136632EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1TAUBMAN FOUNDATION FOR THE ARTSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlTAUBBusinessNameControlTxt
Phone5407774506PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12965 COLONNADE DRAddressLine1Txt
CityROANOKECityNm
State AbbreviationVAStateAbbreviationCd
ZIP24018ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonNICHOLAS F TAUBMANPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone5407774506PhoneNum
Signature2017-05-12SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonALAN E KLINGER CPAPreparerPersonNm
Phone5409897340PhoneNum
Preparation2017-10-24PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address70.183.189.14IPv4AddressTxt
FieldValueIRS element (for citing)
IP2017-10-24IPDt
IP Tm11:44:21IPTm
IP TimezonePDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id143DD2BDC04BF9F8B06822973B716B92B911B318AtSubmissionCreationDeviceId
At Submission Filing Device Id143DD2BDC04BF9F8B06822973B716B92B911B318AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$72,663,044FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$9InterestOnSavRevAndExpnssAmt
Dividends Rev And Expnss$107,479DividendsRevAndExpnssAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$107,488TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Legal Fees Rev And Expnss$3,544LegalFeesRevAndExpnssAmt
Accounting Fees Rev And Expnss$1,200AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$177OtherProfFeesRevAndExpnssAmt
Taxes Rev And Expnss$1,106TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$6,027TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$4,838,973ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$4,845,000TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$0TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$4,737,512ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$73,938CashBOYAmt
Cash EOY$11,630CashEOYAmt
Cash EOYFMV$11,629CashEOYFMVAmt
Corporate Stock BOY$69,105,161CorporateStockBOYAmt
Corporate Stock EOY$72,651,415CorporateStockEOYAmt
Corporate Stock EOYFMV$72,651,415CorporateStockEOYFMVAmt
Total Assets BOY$69,179,099TotalAssetsBOYAmt
Total Assets EOY$72,663,045TotalAssetsEOYAmt
Total Assets EOYFMV$72,663,044TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$69,179,099UnrestrictedBOYAmt
Unrestricted EOY$72,663,045UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$69,179,099TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$72,663,045TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$69,179,099TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$72,663,045TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$69,179,099TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$4,737,512ExcessRevenueOverExpensesAmt
Other Increases$8,221,458OtherIncreasesAmt
Subtotal$72,663,045SubtotalAmt
Tot Net Ast Or Fund Balances EOY$72,663,045TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$192,418AdjustedQlfyDistriYr1Amt
Distribution Yr10.000000DistributionYr1Rt
Distribution Yr20.000000DistributionYr2Rt
Adjusted Qlfy Distri Yr3$2,032,167AdjustedQlfyDistriYr3Amt
Distribution Yr30.000000DistributionYr3Rt
Adjusted Qlfy Distri Yr4$3,781,940AdjustedQlfyDistriYr4Amt
Distribution Yr40.000000DistributionYr4Rt
Adjusted Qlfy Distri Yr5$3,560,625AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$3,446,964NetVlNoncharitableAssetsYr5Amt
Distribution Yr51.032974DistributionYr5Rt
Total Distribution1.032974TotalDistributionRt
Average Distribution0.206595AverageDistributionRt
Net Vl Noncharitable Assets$68,062,711NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$14,061,416AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct$14,061,416AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$0QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Tax Based On Investment Income$0TaxBasedOnInvestmentIncomeAmt
Applied To ES Tax$0AppliedToESTaxAmt

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 SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateVAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksGIL COBLENTZIndividualWithBooksNm
Phone5407774506PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line12965 COLONNADE DRIVE STE 300AddressLine1Txt
CityROANOKECityNm
State AbbreviationVAStateAbbreviationCd
ZIP24018ZIPCd
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
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
NICHOLAS F TAUBMAN
2965 COLONNADE DRIVEROANOKEVA24018PRESIDENT1.00$0$0$0
EUGENIA L TAUBMAN
2818 AVENHAM AVENUEROANOKEVA24018VP AND DIRECTOR1.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1NONEDescription1Txt
Expenses1$0Expenses1Amt
Expenses2$0Expenses2Amt
Expenses3$0Expenses3Amt
Expenses4$0Expenses4Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$69,099,199AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$69,099,199TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$69,099,199AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$1,036,488CashDeemedCharitableAmt
Net Vl Noncharitable Assets$68,062,711NetVlNoncharitableAssetsAmt
Minimum Investment Return$3,403,136MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$3,403,136MinimumInvestmentReturnAmt
Distributable Before Adj$3,403,136DistributableBeforeAdjAmt
Distributable Before Ded$3,403,136DistributableBeforeDedAmt
Distributable As Adjusted$3,403,136DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$0ExpensesAndContributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$3,403,136DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$3,815,075ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$2,052,366ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr1$193,497ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$6,060,938TotalExcessDistributionCyovAmt
Total Corpus$6,060,938TotalCorpusAmt
Undistributed Income CY$3,403,136UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$6,060,938ExcessDistriCyovToNextYrAmt
Excess From Year4$3,815,075ExcessFromYear4Amt
Excess From Year3$2,052,366ExcessFromYear3Amt
Excess From Year1$193,497ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonNONERecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1noneAddressLine1Txt
CitynoneCityNm
State AbbreviationVAStateAbbreviationCd
ZIP24018ZIPCd
FieldValueIRS element (for citing)
Recipient Phone5407774506RecipientPhoneNum
Form And Info And MaterialsNONEFormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsNONERestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (23 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
SMITHSONIAN INSTITUTE
14TH ST CONSTITUTION AVEWASHINGTONDC20560CASHCONTRIBUTION$10,000
TAUBMAN MUSEUM OF ART
110 SALEM AVEROANOKEVA24011CASHCONTRIBUTION$1,640
MAYO CLINIC
200 1ST STREETROCHESTERNY55905CASHCONTRIBUTION$25,000
TEMPLE EMANUEL
1163 PERSINGER ROAD SWROANOKEVA24015CASHCONTRIBUTION$20,100
JAMESTOWN-YORKTOWN FOUNDATION INC
PO BOX 1607WILLIAMSBURGVA23187CASHCONTRIBUTION$1,000
AMERICAN FRIENDS OF THE ISRAEL MUSEUM
500 FIFTH AVE STE 2540NEW YORKNY10110CASHCONTRIBUTION$3,000
VIRGINIA MUESEUM OF FINE ARTS FOUNDATION
200 N BOULEVARDRICHMONDVA23220CASHCONTRIBUTION$5,000
VIRGINIA WESTERN COMMUNITY COLLEGE EDUATIONAL FOUNDATION
3093 COLONIAL AVE SWROANOKEVA24015CASHCONTRIBUTION$2,500
METROPOLITAN OPERA
LINCOLN CENTERNEW YORKNY10023CASHCONTRIBUTION$26,244
MERCERBURG ACADEMY
300 E SEMINARY STMERCERSBURGPA17236CASHCONTRIBUTION$10,000
NEW YORK-PRESBYTERIAN HOSPITAL
525 EAST 68TH STNEW YORKNY10065CASHCONTRIBUTION$15,000
JUNIOR ACHIEVEMENT
3433 BRAMBLEDON AVEROANOKEVA24018CASHCONTRIBUTION$1,000
WESTERN VA FOUNDATION FOR THE ARTS AND SCIENCES
ONE MARKET SQUAREROANOKEVA24011CASHCONTRIBUTION$5,000
BIG BROTHERS BIG SISTERS
124 WELLS AVEROANOKEVA24016CASHCONTRIBUTION$1,000
COUNCIL OF AMBASSADORS
888 17TH STWASHINGTONDC20006CASHCONTRIBUTION$500
MOUNT VERNON LADIES ASSOCIATION OF
PO BOX 110MOUNT VERNONVA22121CASHCONTRIBUTION$1,800
RESCUE MISSION
402 4TH STROANOKEVA24013CASHCONTRIBUTION$25,000
UNITED WAY
325 CAMPBELL AVEROANOKEVA24016CASHCONTRIBUTION$10,000
MERCERSBERG ACADEMY
300 EAST SEMINARY STMERCERSBURGPA17236STOCKSTOCK ATAAP 1425 SHARESFMV$246,596
THE METROPOLITAN OPERA
LINCOLN CENTERNEW YORKNY10023STOCKSTOCK ATAAP 15215 SHARESFMV$2,300,469
GEORGE WASHINGTON'S MOUNT VERNON
PO BOX 110MOUNT VERNONVA22121STOCKSTOCK ATAAP 880 SHARESFMV$139,788
SMITHSONIAN INSTITUTION
14TH ST AND CONSTITUTION AVEWASHINGTONDC20013STOCKSTOCK ATAAP 3050 SHARESFMV$499,209
TAUBMAN MUSEUM OF ART
110 SALEM AVEROANOKEVA24011STOCKSTOCK ATAAP 8985 SHARESFMV$1,489,127
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$4,838,973TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Business900099BusinessCd
Unrelated Business Taxbl Incm$9UnrelatedBusinessTaxblIncmAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Business900099BusinessCd
Unrelated Business Taxbl Incm$107,479UnrelatedBusinessTaxblIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$107,488UnrelatedBusinessTaxblIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$107,488TotalIncomeProducingActyAmt

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

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockAAP STOCKStockNm
EOY Book Value$72,651,415EOYBookValueAmt
EOYFMV$72,651,415EOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryMOSS & ROCOVICH LEGALCategoryTxt
Legal Fees$3,544LegalFeesAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail (2 entries)

DescDescAmtAmt
TAX EXEMPT INTEREST$12
UNREALIZED GAIN/LOSS ON STOCK PRICE$8,221,446

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryADMIN EXPENSESCategoryTxt
Amt$1,106Amt

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