BETA

TAUBMAN FOUNDATION FOR THE ARTS: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
TAUBMAN FOUNDATION FOR THE ARTS (EIN 27-3136632)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-10-12
IRS object ID
201642869349100604
Schema version
2015v2.1
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)
Return2016-10-12T11:32:46-07:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

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 Begin2015-01-01TaxPeriodBeginDt

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)
PersonDENNIS A BARBOURPersonNm
Person TitleASS'T TREASURERPersonTitleTxt
Phone5407774506PhoneNum
Signature2016-05-11SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonALAN E KLINGER CPAPreparerPersonNm
Phone5409897340PhoneNum
Preparation2016-10-12PreparationDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2017-02-10 21:41:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$69,179,099FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Interest On Sav Rev And Expnss$12InterestOnSavRevAndExpnssAmt
Dividends Rev And Expnss$116,052DividendsRevAndExpnssAmt
Cap Gain Net Incm Net Invst Incm$107,868CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$116,064TotalRevAndExpnssAmt
Total Net Invst Incm$107,868TotalNetInvstIncmAmt
Legal Fees Rev And Expnss$275LegalFeesRevAndExpnssAmt
Taxes Rev And Expnss$2,391TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$2,666TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$193,497ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$193,497ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$196,163TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$193,497TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$80,099ExcessRevenueOverExpensesAmt
Net Investment Income$107,868NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$41,354CashBOYAmt
Cash EOY$73,938CashEOYAmt
Cash EOYFMV$73,938CashEOYFMVAmt
Corporate Stock BOY$79,405,062CorporateStockBOYAmt
Corporate Stock EOY$69,105,161CorporateStockEOYAmt
Corporate Stock EOYFMV$69,105,161CorporateStockEOYFMVAmt
Total Assets BOY$79,446,416TotalAssetsBOYAmt
Total Assets EOY$69,179,099TotalAssetsEOYAmt
Total Assets EOYFMV$69,179,099TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$79,446,416UnrestrictedBOYAmt
Unrestricted EOY$69,179,099UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$79,446,416TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$69,179,099TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$79,446,416TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$69,179,099TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$79,446,416TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$80,099ExcessRevenueOverExpensesAmt
Other Increases$4OtherIncreasesAmt
Subtotal$79,366,321SubtotalAmt
Other Decreases$10,187,222OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$69,179,099TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
Property700 SHARES AAP STOCK SOLDPropertyDesc
How AcquiredDHowAcquiredCd
Acquired2014-01-01AcquiredDt
Sold2015-01-28SoldDt
Gross Sales Price$110,199GrossSalesPriceAmt
Depreciation$0DepreciationAmt
Cost Or Other Basis$2,331CostOrOtherBasisAmt
Gain Or Loss$107,868GainOrLossAmt
FMV As Of123169$0FMVAsOf123169Amt
Adjusted Basis As Of123169$0AdjustedBasisAsOf123169Amt
Excess FMV Over Adjusted Bss$0ExcessFMVOverAdjustedBssAmt
Gains Minus Excess Or Losses$107,868GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$107,868CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Distribution Yr10.000000DistributionYr1Rt
Adjusted Qlfy Distri Yr2$2,032,167AdjustedQlfyDistriYr2Amt
Distribution Yr20.000000DistributionYr2Rt
Adjusted Qlfy Distri Yr3$3,781,940AdjustedQlfyDistriYr3Amt
Distribution Yr30.000000DistributionYr3Rt
Adjusted Qlfy Distri Yr4$3,560,625AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$3,446,964NetVlNoncharitableAssetsYr4Amt
Distribution Yr41.032974DistributionYr4Rt
Net Vl Noncharitable Assets Yr5$100,017NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.000000DistributionYr5Rt
Total Distribution1.032974TotalDistributionRt
Average Distribution0.206595AverageDistributionRt
Net Investment Income Pct$1,079NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$1,079AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$193,497QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$1,079InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$1,079SubtotalAmt
Tax Based On Investment Income$1,079TaxBasedOnInvestmentIncomeAmt
Applied To Es Tax$1,129AppliedToEsTaxAmt
Total Payments And Credits$1,129TotalPaymentsAndCreditsAmt
Original Return Overpayment-$1,129OriginalReturnOverpaymentAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$27EsPenaltyAmt
Overpayment$23OverpaymentAmt
Applied To ES Tax$0AppliedToESTaxAmt
Refund$23RefundAmt

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

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$0TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$0AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Minimum Investment Return$0MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Tax Based On Investment Income$1,079TaxBasedOnInvestmentIncomeAmt
Total Tax$1,079TotalTaxAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$193,497ExpensesAndContributionsAmt
Qualifying Distributions$193,497QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$1,079PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$192,418AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3$3,815,075ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$2,052,366ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$5,867,441TotalExcessDistributionCyovAmt
Qualifying Distributions$193,497QualifyingDistributionsAmt
Remaining Distri From Corpus$193,497RemainingDistriFromCorpusAmt
Total Corpus$6,060,938TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$6,060,938ExcessDistriCyovToNextYrAmt
Excess From Year3$3,815,075ExcessFromYear3Amt
Excess From Year2$2,052,366ExcessFromYear2Amt
Excess From Current Year$193,497ExcessFromCurrentYearAmt

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 (14 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
EDWARD VIA COLLEGE OF OSTEROATHIC MEDICINE
2265 KRAFT DRIVEBLACKSBURGVA24060PAIDCONTRIBUTION$5,000
SMITHSONIAN INSTITUTE
14TH ST CONSTITUTION AVEWASHINGTONDC20560PAIDCONTRIBUTION$10,000
TAUBMAN MUSEUM OF ART
110 SALEM AVEROANOKEVA24011PAIDCONTRIBUTION$2,897
HISTORICAL SOCIETY OF WESTERN VIRGINIA
CENTER IN THE SQUARE THIRD FLOORROANOKEVA24008PAIDCONTRIBUTION$1,000
INDIANA UNIVERSITY FOUNDATION
SHOWALTER HOUSEBLOOMINGTONIN47402PAIDCONTRIBUTION$3,000
MAYO CLINIC
200 1ST STREETROCHESTERNY55905PAIDCONTRIBUTION$25,000
GEORGE W BUSH PRESIDENTIAL CENTER
2943 SMU BOULEVARDDALLASTX75205PAIDCONTRIBUTION$100,000
TEMPLE EMANUEL
1163 PERSINGER ROAD SWROANOKEVA24015PAIDCONTRIBUTION$20,100
JAMESTOWN-YORKTOWN FOUNDATION INC
PO BOX 1607WILLIAMSBURGVA23187PAIDCONTRIBUTION$1,000
AMERICAN FRIENDS OF THE ISRAEL MUSEUM
500 FIFTH AVE STE 2540NEW YORKNY10110PAIDCONTRIBUTION$5,500
OPERA ROANOKE
20 E CHURCH AVE THIRD FLOORROANOKEVA10158PAIDCONTRIBUTION$2,500
VIRGINIA MUESEUM OF FINE ARTS FOUNDATION
200 N BOULEVARDRICHMONDVA23220PAIDCONTRIBUTION$5,000
VIRGINIA HISTORICAL SOCIETY
428 N BOULEVARDRICHMONDVA23221PAIDCONTRIBUTION$10,000
VIRGINIA WESTERN COMMUNITY COLLEGE EDUATIONAL FOUNDATION
3093 COLONIAL AVE SWROANOKEVA24015PAIDCONTRIBUTION$2,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$193,497TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Business900099BusinessCd
Unrelated Business Taxbl Incm$12UnrelatedBusinessTaxblIncmAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Business900099BusinessCd
Unrelated Business Taxbl Incm$116,052UnrelatedBusinessTaxblIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$116,064UnrelatedBusinessTaxblIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$116,064TotalIncomeProducingActyAmt

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 PersonNICHOLAS F TAUBMANContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line12965 COLONNADE DRIVEAddressLine1Txt
CityROANOKECityNm
State AbbreviationVAStateAbbreviationCd
ZIP24018ZIPCd
FieldValueIRS element (for citing)
Total Contributions$5,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockAAP STOCKStockNm
EOY Book Value$69,105,161EOYBookValueAmt
EOYFMV$69,105,161EOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryMOSS & ROCOVICH LEGALCategoryTxt
Legal Fees$275LegalFeesAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescUNREALIZED GAIN/LOSS ON STOCK PRICEDesc
Amt$10,187,222Amt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescTAX EXEMPT INTERESTDesc
Amt$4Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmt
VA SCC FEE$37
EMA ANNUAL FEE$150
ADMIN EXPENSES$2,204

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