BETA

INDEPENDENT THINKING & NEW MEDIA FOUNDATION CORP: Form 990PF, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
INDEPENDENT THINKING & NEW MEDIA FOUNDATION CORP (EIN 13-4147350)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-06-30
IRS object ID
201531819349100203
Schema version
2014v5.0
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)
Return2015-06-30T08:30:06-07:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KAMERMAN UNCYK SONIKER & KLEIN PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1156 Fifth Avenue 10th FloorAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10010ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2014-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN134147350EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1INDEPENDENT NEW MEDIA FOUNDATION FKABusinessNameLine1Txt
Business Name Line2INDEP THINKING & NEW MEDIA FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlINDEBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1c/o M Yao 363 EAST 76TH STREETAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10021ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMAGGIE YAOPersonNm
Person TitlePresidentPersonTitleTxt
Signature2015-06-26SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMartin KleinPreparerPersonNm
PTINP01006807PTIN
Phone2124004930PhoneNum
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-04-25 22:37:26ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$129,338FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$8DividendsRevAndExpnssAmt
Dividends Net Invst Incm$8DividendsNetInvstIncmAmt
Dividends Adj Net Incm$8DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$4,836NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$109,880GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$4,836CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$4,836NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$4,844TotalRevAndExpnssAmt
Total Net Invst Incm$4,844TotalNetInvstIncmAmt
Total Adj Net Incm$4,844TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$2,295AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$72TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$50OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$2,417TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$3,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$3,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$5,917TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$3,500TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$1,073ExcessRevenueOverExpensesAmt
Net Investment Income$4,844NetInvestmentIncomeAmt
Adjusted Net Income$4,844AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash EOYFMV$5,000CashEOYFMVAmt
Sav And Temp Cash Invst BOY$38,153SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$49,783SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$42,783SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$39,304CorporateStockBOYAmt
Corporate Stock EOY$26,601CorporateStockEOYAmt
Corporate Stock EOYFMV$855CorporateStockEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$16,200LandBldgEquipCostOrOtherBssAmt
Land BOY$16,200LandBOYAmt
Land EOY$16,200LandEOYAmt
Land EOYFMV$25,000LandEOYFMVAmt
Other Assets BOY$55,700OtherAssetsBOYAmt
Other Assets EOY$55,700OtherAssetsEOYAmt
Other Assets EOYFMV$55,700OtherAssetsEOYFMVAmt
Total Assets BOY$149,357TotalAssetsBOYAmt
Total Assets EOY$148,284TotalAssetsEOYAmt
Total Assets EOYFMV$129,338TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$225,000CapitalStockBOYAmt
Capital Stock EOY$225,000CapitalStockEOYAmt
Retained Earning BOY-$75,643RetainedEarningBOYAmt
Retained Earning EOY-$76,716RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$149,357TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$148,284TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$149,357TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$148,284TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$149,357TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$1,073ExcessRevenueOverExpensesAmt
Subtotal$148,284SubtotalAmt
Tot Net Ast Or Fund Balances EOY$148,284TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (9 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
10 Emmis Communications CorpP2013-06-282014-03-05$25$30-$5-$5
10,000 Fuelcell Energy IncP2014-04-142014-04-28$22,891$24,005-$1,114-$1,114
28,000 Growlife IncP2014-01-082014-01-09$6,879$5,913$966$966
130,000 Hypersolar IncP2014-03-042014-03-12$6,140$4,798$1,342$1,342
10,000 Nuvilex IncP2014-01-032014-01-16$1,284$1,153$131$131
10,000 Vantage DrillingP2014-02-282014-03-05$17,300$17,707-$407-$407
10,000 Ballard Power SystemsP2014-01-032014-01-27$20,451$18,308$2,143$2,143
40,000 Elite Pharmaceuticals SystemsP2014-02-252014-03-13$22,515$20,457$2,058$2,058
3,000 Alcatel-Lucent ADSP2013-11-142014-03-07$12,395$12,673-$278-$278
FieldValueIRS element (for citing)
Capital Gain Net Income$4,836CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$4,836NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$97InvestmentIncomeExciseTaxAmt
Subtotal$97SubtotalAmt
Tax Based On Investment Income$97TaxBasedOnInvestmentIncomeAmt
Applied To Es Tax$97AppliedToEsTaxAmt
Total Payments And Credits$97TotalPaymentsAndCreditsAmt

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
Form990 T FiledfalseForm990TFiledInd
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 FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1MAGGIE YAOBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2128190900PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1363 EAST 76TH STREET NEW YORK NYAddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10021ZIPCd
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
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd

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 PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
MAGGIE YAO
363 EAST 76TH STREETNEW YORKNY10021President0.00$0
LINGQIN PAN
363 EAST 76TH STREETNEW YORKNY10021Director0.00$0
STEPHEN LEVY
1411 BROADWAYNEW YORKNY10018Secty, Director0.00$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)
Description1Provide funds to promote emerging Asian artistsDescription1Txt
Expenses1$3,500Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$3,902AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$23,538AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$78,700FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$106,140TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$106,140AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$1,592CashDeemedCharitableAmt
Net Vl Noncharitable Assets$104,548NetVlNoncharitableAssetsAmt
Minimum Investment Return$5,227MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$5,227MinimumInvestmentReturnAmt
Tax Based On Investment Income$97TaxBasedOnInvestmentIncomeAmt
Total Tax$97TotalTaxAmt
Distributable Before Adj$5,130DistributableBeforeAdjAmt
Distributable Before Ded$5,130DistributableBeforeDedAmt
Distributable As Adjusted$5,130DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$3,500ExpensesAndContributionsAmt
Qualifying Distributions$3,500QualifyingDistributionsAmt
Adjusted Qualifying Distri$3,500AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$5,130DistributableAsAdjustedAmt
Qualifying Distributions$3,500QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$3,500AppliedToCurrentYearAmt
Undistributed Income CY$1,630UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientForeignAddress/AddressLine1TxtCityRecipientForeignAddress/CityNmCountryRecipientForeignAddress/CountryCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCd
Yan Li
7 Tian Shan Branch Road Suite 1102ShanghaiCHNoneITo further exempt purpose of Foundation$3,000
Liu Yue
NoneITo further exempt purpose of foundation$500237 Bay 34th StreetBrooklynNY11214
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$3,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$8ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$4,836ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$4,844ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$4,844TotalIncomeProducingActyAmt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryTax PreparationCategoryTxt
Amt$2,295Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (5 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
5,000 MANHATTAN SCIENTIFICS INC$5,530$547
10,000 Infinito Gold Ltd$18,790$26
2 Santana Mining Inc$2,158
10 Fuelcell Energy Inc$20$15
89 Plug Power Inc$103$267

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

FieldValueIRS element (for citing)
Category Or ItemBuildingsCategoryOrItemTxt
Cost Or Other Basis$16,200CostOrOtherBasisAmt
Book Value$16,200BookValueAmt
EOYFMV$25,000EOYFMVAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescART FOR PERMANENT COLLECTIONDesc
BOY Book Value$55,700BOYBookValueAmt
EOY Book Value$55,700EOYBookValueAmt
EOYFMV$55,700EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescNYS Department of Law Filing FeeDesc
Revenue And Expenses Per Books$50RevenueAndExpensesPerBooksAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryUnited States TreasuryCategoryTxt
Amt$72Amt

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.