HELEN FRANKENTHALER FOUNDATION INC: Form 990PF, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- HELEN FRANKENTHALER FOUNDATION INC (EIN 13-3244308)
- Tax period
- 2014-01-01 to 2014-12-31
- Filed
- 2015-08-17
- IRS object ID
- 201532299349101023
- 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
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- All Oth Prog Rltd Investments Sch
- Depreciation Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Land Etc Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-08-17T14:42:27-05:00 | ReturnTs |
| Tax Period End | 2014-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HECHT AND COMPANY PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 350 5TH AVENUE - 68TH FL | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 101180110 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2014-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 133244308 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HELEN FRANKENTHALER FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % HECHT AND COMPANY PC | InCareOfNm |
| Business Name Control | HELE | BusinessNameControlTxt |
| Phone | 2128198000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O HECHT AND COMPANY PC | AddressLine1Txt |
| Address Line2 | 350 FIFTH AVENUE Suite 68TH FL | AddressLine2Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10118 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHAEL HECHT | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 2128198000 | PhoneNum |
| Signature | 2015-06-30 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | STEVEN STERN | PreparerPersonNm |
| PTIN | P00180118 | PTIN |
| Phone | 2128198000 | PhoneNum |
| Preparation | 2015-07-02 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-04-25 22:37:26Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $103,148,481 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $500,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $530 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $530 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $576,126 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $557,502 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $3,757,368 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $24,069,499 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $3,779,055 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $11,803 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $11,803 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $4,845,827 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $4,348,890 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $224,400 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $224,000 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $270,240 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $270,240 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $110,380 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $110,380 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $168,447 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $168,447 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $61,948 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $30,974 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $30,974 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $88,277 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $88,277 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $85,579 | TaxesRevAndExpnssAmt |
| Taxes Dsbrs Chrtbl | $35,155 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $2,215 | DeprecAndDpltnRevAndExpnssAmt |
| Occupancy Rev And Expnss | $57,800 | OccupancyRevAndExpnssAmt |
| Occupancy Dsbrs Chrtbl | $57,800 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $5,099 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $5,099 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $573,589 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $573,589 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,647,974 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $119,251 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,475,684 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,025,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,025,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,672,974 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $119,251 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $2,500,684 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $2,172,853 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $4,229,639 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $247,670 | CashBOYAmt |
| Cash EOY | $2,423,785 | CashEOYAmt |
| Cash EOYFMV | $2,423,785 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $2,077,315 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $534,355 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $534,355 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $6,635,810 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $2,002,446 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $2,029,692 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $17,319,087 | CorporateStockBOYAmt |
| Corporate Stock EOY | $19,233,051 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $21,648,722 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $2,554,054 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $1,403,438 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $1,410,749 | CorporateBondsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $5,636,947 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $2,475 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $10,170 | LandBOYAmt |
| Land EOY | $5,634,472 | LandEOYAmt |
| Land EOYFMV | $5,634,472 | LandEOYFMVAmt |
| Other Assets BOY | $69,681,294 | OtherAssetsBOYAmt |
| Other Assets EOY | $69,466,706 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $69,466,706 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $98,525,400 | TotalAssetsBOYAmt |
| Total Assets EOY | $100,698,253 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $103,148,481 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Retained Earning BOY | $98,525,400 | RetainedEarningBOYAmt |
| Retained Earning EOY | $100,698,253 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $98,525,400 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $100,698,253 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $98,525,400 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $100,698,253 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $98,525,400 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $2,172,853 | ExcessRevenueOverExpensesAmt |
| Subtotal | $100,698,253 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $100,698,253 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|
| STATEMENT ATTACHED - SHORT TERM | $17,096,134 | $16,831,224 | $264,910 | $264,910 | |
| SALE OF FRANKENTHALER ARTWORK -SCHEDULE ATTACHED | $3,087,400 | $939,760 | $2,147,640 | $2,147,640 | D |
| STATEMENT ATTACHED - LONG TERM | $3,885,965 | $2,519,460 | $1,366,505 | $1,366,505 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $3,779,055 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $410,747 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $16,727,358 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.024555 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $138,495 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $6,761,939 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.020482 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $122,645 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $2,535,793 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.048366 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $120,065 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $2,436,556 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.049277 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $75,115 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $2,225,114 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.033758 | DistributionYr5Rt |
| Total Distribution | 0.176438 | TotalDistributionRt |
| Average Distribution | 0.035288 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $28,281,693 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $998,004 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $42,296 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $1,040,300 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $2,500,684 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $42,296 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $42,296 | SubtotalAmt |
| Tax Based On Investment Income | $42,296 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $36,200 | EstimatedPlusOvpmtIncmTxAmt |
| Applied To Es Tax | $6,100 | AppliedToEsTaxAmt |
| Total Payments And Credits | $42,300 | TotalPaymentsAndCreditsAmt |
| Overpayment | $4 | OverpaymentAmt |
| Applied To ES Tax | $4 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | Yes (true) | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NY | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | www.frankenthalerfoundation.org | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HECHT AND COMPANY PC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2128198000 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 350 FIFTH AVENUE 68TH FL | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10118 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| LISE MOTHERWELL | ||||||||
| c/o HECHT AND COMPANY PC | NEW YORK | NY | 10118 | DIRECTOR | 2.0 | $0 | $0 | $0 |
| MICHAEL HECHT | ||||||||
| 350 FIFTH AVENUE - 68TH FL | NEW YORK | NY | 10118 | SECRETARY/TREASURER/DIRECTOR | 2.0 | $0 | $0 | $0 |
| CLIFFORD ROSS | ||||||||
| c/o HECHT COMPANY PC | NEW YORK | NY | 10118 | CHAIRMAN/DIRECTOR | 2.0 | $0 | $0 | $0 |
| FREDERICK J ISEMAN | ||||||||
| FJI KENT INC | NEW YORK | NY | 10022 | PRESIDENT/DIRECTOR | 2.0 | $0 | $0 | $0 |
| ELIZABETH SMITH | ||||||||
| C/O HECHT AND COMPANY PC | NEW YORK | NY | 10118 | EXECUTIVE DIRECTOR | 35.0 | $224,400 | $38,996 | |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt |
|---|---|---|---|---|---|---|---|
| ANNA G SOUVOROV | |||||||
| 413 VANDERVOORT AVENUE | BROOKLYN | NY | 11222 | DIRECTOR'S ASSISTANT | 35.0 | $60,000 | $16,442 |
| MAUREEN ST ONGE | |||||||
| 680 LONG HILL ROAD W | BRIARCLIFF MANOR | NY | 10510 | COLLECTIONS DIRECTOR | 35.0 | $162,240 | $46,318 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| JOHN SILBERMAN ASSOCIATES PC | |||||
| 145 EAST 57TH STREET | NEW YORK | NY | 10022 | LEGAL | $121,532 |
| HECHT AND COMPANY PC | |||||
| 350 FIFTH AVENUE - FL68 | NEW YORK | NY | 10118 | ACCOUNTING FEES | $61,948 |
| LAZARD ASSET MANAGEMENT | |||||
| 30 ROCKEFELLER PLAZA -FL 55 | NEW YORK | NY | 10112 | INVESTMENT ADVICE | $61,506 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | SEE STATEMENT OF DIRECT ACTIVITIES -ATTCH 17.1 | Description1Txt |
| Expenses1 | $1,475,684 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $26,626,869 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $2,069,798 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $15,712 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $28,712,379 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $28,712,379 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $430,686 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $28,281,693 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,414,085 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,414,085 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $42,296 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $42,296 | TotalTaxAmt |
| Distributable Before Adj | $1,371,789 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $1,371,789 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,371,789 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $2,500,684 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $2,500,684 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $42,296 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $2,458,388 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,371,789 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $4,284 | UndistributedIncomePYAmt |
| Prior Year1 | 2012 | PriorYear1Yr |
| Prior Year2 | 2011 | PriorYear2Yr |
| Prior Year3 | 2010 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Qualifying Distributions | $2,500,684 | QualifyingDistributionsAmt |
| Applied To Year1 | $4,284 | AppliedToYear1Amt |
| Applied To Current Year | $1,371,789 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $1,124,611 | RemainingDistriFromCorpusAmt |
| Total Corpus | $1,124,611 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $1,124,611 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $1,124,611 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NA | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| THE BROOKLYN RAIL | |||||||
| 95 COMMERCIAL STREET SUITE 2 | BROOKLYN | NY | 11222 | NONE | PC | UNRESTRICTED CHARITABLE PURPOSES | $15,000 |
| CLARK ART INSTITUTE | |||||||
| 225 SOUTH STREET | WILLIAMSTOWN | MA | 01267 | NONE | PC | UNRESTRICTED CHARITABLE PURPOSES | $10,000 |
| BENNINGTON COLLEGE | |||||||
| 1 COLLEGE DRIVE | BENNINGTON | VT | 05201 | NONE | PC | UNRESTRICTED CHARITABLE PURPOSES | $1,000,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,025,000 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $530 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $576,126 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Incm Part VII | OtherInvestmentIncmPartVIIGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $3,757,368 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $4,345,827 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $4,345,827 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | ESTATE OF HELEN FRANKENTHALER | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O HECHT CO 350 FIFTH AVENUE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10118 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $500,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail (5 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| MAINTENANCE OF BOOKS AND | |||
| RECORDS | $30,974 | $30,974 | |
| PREPARATION OF FORM 990-PF AND | |||
| ANNUAL REPORT FOR ATTORNEY | |||
| GENERAL | $30,974 | $30,974 |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NONE | Desc |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (3 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt |
|---|---|---|---|---|---|---|
| OFFICE EQUIPMENT | 2013-10-21 | $10,431 | $261 | M5 | 5 | $2,086 |
| OFFICE EQUIPMENT | 2014-11-11 | $7,756 | $0 | SL | 5 | $129 |
| R/E U/RENOVATION | 2014-07-22 | $5,618,760 | $0 | M39 | $0 |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | STATEMENT ATTACHED | BondNm |
| EOY Book Value | $1,403,438 | EOYBookValueAmt |
| EOYFMV | $1,410,749 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | STATEMENT ATTACHED | StockNm |
| EOY Book Value | $19,233,051 | EOYBookValueAmt |
| EOYFMV | $21,648,722 | EOYFMVAmt |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $1,822,446 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $1,849,994 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $180,000 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $179,698 | StateLocalSecEOYFMVAmt |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (3 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt |
|---|---|---|---|
| OFFICE EQUIPMENT | $10,431 | $2,347 | $8,084 |
| OFFICE EQUIPMENT | $7,756 | $129 | $7,627 |
| R/E U/RENOVATION | $5,618,760 | $0 | $5,618,760 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $168,447 | LegalFeesAmt |
| Disbursements Charitable Prps | $168,447 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (3 entries)
| DescDesc | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| WORK OF ART BY H.FRANKENTHALER | $0 | $0 |
| AND OTHER ARTISTS | $69,447,481 | $69,447,481 |
| SECURITY DEPOSITS | $19,225 | $19,225 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (17 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| EXHIBITION & PUBLICATION COSTS | $70,549 | $70,549 |
| FILING FEE | $1,500 | $1,500 |
| PUBLIC INSPECTION AD | $140 | $140 |
| FINE ART INSURANCE | $57,701 | $57,701 |
| INSURANCE - OTHER | $15,683 | $15,683 |
| ART STORAGE | $130,417 | $130,417 |
| TRAVEL | $30,818 | $30,818 |
| WEB DESIGN | $11,500 | $11,500 |
| TELEPHONE | $13,558 | $13,558 |
| CONSERVATION & RESTORATION | $83,140 | $83,140 |
| ARCHIVAL & OTHER ART EXPENSES | $44,178 | $44,178 |
| PAYROLL PROCESSING | $5,906 | $5,906 |
| WORKMANS COMPENSATION INSUR | $1,474 | $1,474 |
| CO OP MAINTENANCE | $44,595 | $44,595 |
| PUBLICITY | $43,623 | $43,623 |
| OFFICE & UTILITIES | $18,357 | $18,357 |
| MISCELLANEOUS | $450 | $450 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ROYALTIES | Desc |
| Revenue And Expenses Per Books | $11,803 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $11,803 | NetInvestmentIncomeAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMENT ADVISORY / CUSTODY | CategoryTxt |
| Amt | $88,277 | Amt |
| Net Investment Income | $88,277 | NetInvestmentIncomeAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| FEDERAL EXCISE TAX | $50,424 | |
| PAYROLL TAXES | $35,155 | $35,155 |
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