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GARCIA FAMILY FOUNDATION FOR ART CULTURE AND EDUCATION: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
GARCIA FAMILY FOUNDATION FOR ART CULTURE AND EDUCATION (EIN 47-1089574)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-08-04
IRS object ID
201632179349100718
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)
Return2016-08-04T16:26:45-05:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN113423262PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MARTIN R GROPPER CPA PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1200 HEMPSTEAD AVEAddressLine1Txt
CityLYNBROOKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP115631610ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN471089574EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GARCIA FAMILY FOUNDATION FOR ARTBusinessNameLine1Txt
Business Name Line2CULTURE AND EDUCATION C/O ARONSBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlGARCBusinessNameControlTxt
Phone2126821800PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1675 THIRD AVE 26TH FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10017ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRENATA SANTIAGO ORPHAO GARCIAPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2126821800PhoneNum
Signature2016-08-04SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMARTIN R GROPPERPreparerPersonNm
PTINP00030941PTIN
Phone5168723500PhoneNum
Preparation2016-08-04PreparationDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2016-12-15 16:53:06ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$10,829,653FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$11,554,567ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$24InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$24InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$24InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$44,564DividendsRevAndExpnssAmt
Dividends Net Invst Incm$44,564DividendsNetInvstIncmAmt
Dividends Adj Net Incm$44,564DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$103,200NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,782,550GrossSalesPriceAmt
Total Rev And Expnss$11,495,955TotalRevAndExpnssAmt
Total Net Invst Incm$44,588TotalNetInvstIncmAmt
Total Adj Net Incm$44,588TotalAdjNetIncmAmt
Legal Fees Net Invst Incm$20,812LegalFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl$16,589OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$11,520TaxesRevAndExpnssAmt
Taxes Net Invst Incm$11,520TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$11,520TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$32,332TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$16,589TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$625,910ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$625,910ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$637,430TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$32,332TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$642,499TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$10,858,525ExcessRevenueOverExpensesAmt
Net Investment Income$12,256NetInvestmentIncomeAmt
Adjusted Net Income$44,588AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst EOY$1,348,436SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$1,348,436SavAndTempCashInvstEOYFMVAmt
Corporate Stock EOY$9,521,609CorporateStockEOYAmt
Corporate Stock EOYFMV$9,481,217CorporateStockEOYFMVAmt
Total Assets EOY$10,870,045TotalAssetsEOYAmt
Total Assets EOYFMV$10,829,653TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted EOY$10,858,525UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances EOY$10,858,525TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$0TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$10,858,525TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Excess Revenue Over Expenses$10,858,525ExcessRevenueOverExpensesAmt
Subtotal$10,858,525SubtotalAmt
Tot Net Ast Or Fund Balances EOY$10,858,525TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Ruling Letter2014-06-10RulingLetterDt
Investment Income Excise Tax$245InvestmentIncomeExciseTaxAmt
Subtotal$245SubtotalAmt
Tax Based On Investment Income$245TaxBasedOnInvestmentIncomeAmt
Tax Due$245TaxDueAmt

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 StateNYOrgReportOrRegisterStateCd
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 AddressN/AWebsiteAddressTxt
Individual With BooksMARTIN GROPPERIndividualWithBooksNm
Phone5168723500PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1200 HEMPSTEAD AVEAddressLine1Txt
CityLYNBROOKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11563ZIPCd
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
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
RENATA SANTIAGO ORPHAO GARCIA
944 PARK AVENEW YORKNY10019PRESIDENT10.00$0$0$0
CLAUDIO MONIZ BARRETO GARCIA
944 PARK AVENEW YORKNY10019TREASURER10.00$0$0$0
MARIA ISABEL GARCIA DOS SANTOS NIVA
675 THIRD AVENEW YORKNY10017SECRETARY10.00$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)
Description1RAISE, MANAGE,OVERSEE AND DISBURSE FUNDS FOR THE DEVELOPMENT, PROMOTION, PRESERVATION AND DISSEMINATION OF CULTURAL, EDUCATIONAL AND ARTISTIC TRADITIONAL AND INSTITUTIONS IN THE UNITED STAATES AND REPUBLIC OF BRAZIL. TO PROTECT, PRESERVE AND INTRODUCE YOUNG PEOPLE TO AR T, CULTURE AND EDUCATION AND TO COMMIT RESOURCES TO INSTITUTIONS SUPPORTING THE CAUSE.Description1Txt
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$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)
Sect4942j3j5 Fndtn And Frgn OrgYes (X)Sect4942j3j5FndtnAndFrgnOrgInd

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$642,499ExpensesAndContributionsAmt
Qualifying Distributions$642,499QualifyingDistributionsAmt
Adjusted Qualifying Distri$642,499AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Qualifying Distributions$642,499QualifyingDistributionsAmt
Remaining Distri From Corpus$642,499RemainingDistriFromCorpusAmt
Total Corpus$642,499TotalCorpusAmt

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$0CurrentYearAmt
Total$0TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$642,499CurrentYearAmt
Total$642,499TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$642,499CurrentYearAmt
Total$642,499TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Supplementary Information SupplementaryInformationGrp

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

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonNICOLAS ARONSRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1975 THIRD AVEAddressLine1Txt
Address Line226TH FLOORAddressLine2Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10017ZIPCd
FieldValueIRS element (for citing)
Recipient Phone2126821800RecipientPhoneNum
Recipient Email AddressNARONS@GHSKLAW.COMRecipientEmailAddressTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (18 entries)

Business Name Line2RecipientBusinessName/BusinessNameLine2TxtAddress Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line2RecipientUSAddress/AddressLine2Txt
THE FUND FOR PARK AVENUE'S
TREE LIGHTING445 PARK AVE 9TH FLNEW YORKNY10022CHARITABLE PROJECT$2,500
PARENT PROJECT MUSCULAR DYSTROPHY
401 HACKENSACK AVEHACKENSACKNJ07601CHARITABLE PROJECT$20,000
BREAKTHROUGH NEW YORK
123 WILLIAM ST 4TH FLNEW YORKNY10038CHARITABLE PROJECT$10,000
SOUTHERN NY CHAPTER OF THE
MULTPLE SCLEROSIS SOCIETY733 THIRD AVE 3RD FLNEW YORKNY10017CHARITABLE PROJECT$1,000
MARYMOUNT SCHOOL OF NEW YORK
1026 FIFTH AVENEW YORKNY10028SCHOLARSHIP ASSISTANCE$100,000
TOUCH FOUNDATION
873 3RD AVE 5TH FLNEW YORKNY10022TREAT & TRAIN PROGRAM$7,460
GLOBAL LYME ALLIANCE INC
222 RAILROAD AVEGREENWICHCT06830CHARITABLE PROJECT$1,000
BREAKTHROUGH NEW YORK
123 WILLIAM ST 4TH FLNEW YORKNY10038TEACHER-TRAINING$100,000
COALITION FOR THE HOMELESS
129 FULTON STNEW YORKNY10038CHARITABLE PROJECT$5,000
TOUCH FOUNDATION
873 3RD AVE 5TH FLNEW YORKNY10022TREAT & TRAIN$3,450
THE BUCKLEY SCHOOL
113 EAST 73RD STNEW YORKNY10021CHARITABLE PROJECT$26,000
THE CHAPIN SCHOOL
100 EAST END AVENEW YORKNY10028CHARITABLE PROJECT$26,000
CENTRAL PARK CONSERVANCY
14 EAST 60TH STNEW YORKNY10022CHARITABLE PROJECT$2,500
THE SCHOOL FOR AMERICAN BALLET
LINCOLN CENTER PERFORMINGNEW YORKNY10023CHARITABLE PROJECT$25,00070 LINCOLN CTR PLZ
THE BUCKLEY SCHOOL
113 E73RD STNEW YORKNY10021CHARITABLE PROJECT$210,000
THE SOCIETY OF MSK
1275 YORK AVENEW YORKNY10065CHARITABLE PROJECT$6,000
THE METROPOLITAN MUSEUM OPF ART
1000 FIFTH AVENEW YORKNY10028CHARITABLE PROJECT$10,000
THE BUCKLEY SCHOOL
113 EAST 73RD STNEW YORKNY10021CHARITABLE PROJECT$70,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$625,910TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$24ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$44,564ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion5ExclusionCd
Exclusion-$103,200ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion-$58,612ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$58,612TotalIncomeProducingActyAmt

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

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (2 entries)

AssetAssetDescHow AcquiredHowAcquiredTxtSoldSoldDtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmt
5000SHS ANHEUSER BUSCHDONATION2015-09$534,533$601,150-$66,617
10000SHS ANHEUSER BUSCHDONATION2015-12$1,248,017$1,284,600-$36,583

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

EOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
$9,468,817$9,481,217
$52,792

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAX PAIDCategoryTxt
Amt$11,520Amt
Net Investment Income$11,520NetInvestmentIncomeAmt

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