INTERNATIONAL ART MUSEUM OF AMERICA: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- INTERNATIONAL ART MUSEUM OF AMERICA (EIN 61-1615177)
- Tax period
- 2013-01-01 to 2013-12-31
- Filed
- 2014-05-06
- IRS object ID
- 201421269349301052
- Schema version
- 2013v3.0
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2014-05-06T11:45:59-05:00 | ReturnTs |
| Tax Period End | 2013-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 942590397 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KARLSSON & LANE AN ACCOUNTANCY CORP | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4725 FIRST ST STE 226 | AddressLine1 |
| City | PLEASANTON | City |
| State | CA | State |
| ZIP Code | 94566 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 611615177 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | INTERNATIONAL ART MUSEUM OF AMERICA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | INTE | BusinessNameControlTxt |
| Phone | 4153766344 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1023 MARKET STREET 2ND FLOOR | AddressLine1 |
| City | SAN FRANCISCO | City |
| State | CA | State |
| ZIP Code | 94103 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SHERYL YEH | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 4153766344 | PhoneNum |
| Signature | 2014-05-05 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | PENNY L LANE CPA | PreparerPersonNm |
| PTIN | P00743411 | PTIN |
| Phone | 9252715519 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | SHERYL YEH | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1023 MARKET STREET 2ND FLOOR | AddressLine1 |
| City | SAN FRANCISCO | City |
| State | CA | State |
| ZIP Code | 94103 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $2,046,282 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.IAMASF.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2009 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | THE MISSION OF INTERNATIONAL ART MUSEUM OF AMERICA (IAMA) IS TO DISPLAY THE MOST EXQUISITE, BEAUTIFUL, AND PRECIOUS ART FROM ALL OVER THE WORLD TO PROMOTE MORAL PROGRESS, SPIRITUAL HEALTH, AND CULTURAL AND ARTISTIC DEVELOPMENT OF HUMANITY AROUND THE GLOBE. ITS VISION IS TO PROVIDE A BEAUTIFUL ENVIRONMENT FOR ALL PEOPLE THAT PROMOTES HAPPINESS, WELL BEING, AESTHETIC ENJOYMENT, AND WORLD PEACE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 6 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 6 | VotingMembersIndependentCnt |
| Total Employee | 8 | TotalEmployeeCnt |
| Total Volunteers | 6 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $536,406 | PYContributionsGrantsAmt |
| CY Contributions Grants | $246,737 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $14,057 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $34,360 | CYProgramServiceRevenueAmt |
| PY Investment Income | $506 | PYInvestmentIncomeAmt |
| CY Investment Income | $376 | CYInvestmentIncomeAmt |
| PY Other Revenue | $80,175 | PYOtherRevenueAmt |
| CY Other Revenue | $229,248 | CYOtherRevenueAmt |
| PY Total Revenue | $631,144 | PYTotalRevenueAmt |
| CY Total Revenue | $510,721 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $188,327 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $167,414 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $406,542 | PYOtherExpensesAmt |
| CY Other Expenses | $356,537 | CYOtherExpensesAmt |
| PY Total Expenses | $594,869 | PYTotalExpensesAmt |
| CY Total Expenses | $523,951 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $36,275 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$13,230 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,055,474 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,069,421 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $44,176 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $71,353 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,011,298 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $998,068 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE MISSION OF INTERNATIONAL ART MUSEUM OF AMERICA (IAMA) IS TO DISPLAY THE MOST EXQUISITE, BEAUTIFUL, AND PRECIOUS ART FROM ALL OVER THE WORLD TO PROMOTE MORAL PROGRESS, SPIRITUAL HEALTH, AND CULTURAL AND ARTISTIC DEVELOPMENT OF HUMANITY AROUND THE GLOBE. ITS VISION IS TO PROVIDE A BEAUTIFUL ENVIRONMENT FOR ALL PEOPLE THAT PROMOTES HAPPINESS, WELL BEING, AESTHETIC ENJOYMENT, AND WORLD PEACE. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $270,170 | ExpenseAmt |
| Revenue | $34,360 | RevenueAmt |
| Desc | IN 2013 OUR LARGEST PROGRAM FURTHERING OUR EXEMPT-PURPOSE WAS EXHIBITING ARTWORK. IAMA'S ACHIEVEMENTS IN THE AREA HAVE BEEN EXHIBITING THE MOST EXQUISITE, BEAUTIFUL, AND PRECIOUS ART FROM ALL OVER THE WORLD, THEREBY PROMOTING THE MORAL PROGRESS, SPIRITUAL HEALTH, AND CULTURAL AND ARTISTIC DEVELOPMENT OF HUMANITY. MANY PEOPLE CAME TO IAMA DURING 2013, WHERE THEY ENJOYED TOP-QUALITY ART. MANY OF THEM MARVELED OVER THE PAINTINGS, SCULPTURES, AND CALLIGRAPHY ON DISPLAY. | Desc |
| Total Program Service Expenses | $270,170 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 9 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 8 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 6 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 6 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | 0 | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ORGANIZATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4153766344 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1023 MARKET STREET 2ND FLOOR | AddressLine1 |
| City | SAN FRANCISCO | City |
| State | CA | State |
| ZIP Code | 94103 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| MYRON MEYERS | ||||||
| CHAIRMAN OF THE BOARD (1/1/13-5/1/13) | 0.00 | Yes (X) | $0 | $0 | $0 | |
| YU HUA SHOUZHI WANG | ||||||
| DIRECTOR & PRESIDENT | 10.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| MING YU HUANG | ||||||
| DIRECTOR | 3.00 | Yes (X) | $0 | $0 | $0 | |
| RAYMOND CHEN | ||||||
| DIRECTOR | 3.00 | Yes (X) | $0 | $0 | $0 | |
| HELOU HUANG | ||||||
| DIRECTOR | 16.00 | Yes (X) | $0 | $0 | $0 | |
| JUDY KUAN | ||||||
| DIRECTOR | 16.00 | Yes (X) | $0 | $0 | $0 | |
| STEVEN MEYERS | ||||||
| DIRECTOR & VICE PRESIDENT | 16.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| SHERYL YEH | ||||||
| TREASURER | 10.00 | $0 | $0 | $0 | Yes (X) | |
| KATHERINE HSU | ||||||
| SECRETARY | 7.00 | $0 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (2 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1 | CityContractorAddress/USAddress/City | StateContractorAddress/USAddress/State | ZIP CodeContractorAddress/USAddress/ZIPCode | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| VALIANT PRIVATE SECURITY | |||||
| PO BOX 1303 | APTOS | CA | 95001 | SECURITY GUARD SERVICE | $154,305 |
| CYPRESS SECURITY LLC | |||||
| 452 TEHAMA ST | SAN FRANCISCO | CA | 94103 | SECURITY GUARD SERVICE | $102,814 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
| Membership Dues | $115,383 | MembershipDuesAmt |
| All Other Contributions | $131,354 | AllOtherContributionsAmt |
| Total Contributions | $246,737 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MUSEUM ADMISSIONS | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $34,360 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $34,360 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $34,360 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $376 | TotalRevenueColumnAmt |
| Exclusion | $376 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $1,755,386 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $1,535,561 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $219,825 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $219,825 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| COMMISSIONS | 900099 | $9,373 | $9,373 |
| MISCELLANEOUS INCOME | 900099 | $50 | $50 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $9,423 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $510,721 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $263,608 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $376 | ExclusionAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $147,654 | TotalAmt |
| Program Services | $88,214 | ProgramServicesAmt |
| Management And General | $59,440 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,500 | TotalAmt |
| Program Services | $2,200 | ProgramServicesAmt |
| Management And General | $3,300 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,260 | TotalAmt |
| Program Services | $8,556 | ProgramServicesAmt |
| Management And General | $5,704 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,958 | TotalAmt |
| Management And General | $8,958 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,600 | TotalAmt |
| Management And General | $2,600 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,545 | TotalAmt |
| Program Services | $4,545 | ProgramServicesAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,138 | TotalAmt |
| Program Services | $1,138 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,633 | TotalAmt |
| Management And General | $39,633 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,488 | TotalAmt |
| Management And General | $1,488 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,652 | TotalAmt |
| Program Services | $21,229 | ProgramServicesAmt |
| Management And General | $2,423 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,283 | TotalAmt |
| Management And General | $10,283 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| SECURITY SERVICES | $225,000 | $135,000 | $90,000 |
| COMPUTER EXPENSES (SERV | $11,862 | $11,862 | |
| TELEPHONE | $8,062 | $8,062 | |
| PROGRAM EXPENSES | $4,615 | $4,615 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,701 | TotalAmt |
| Program Services | $4,673 | ProgramServicesAmt |
| Management And General | $10,028 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $523,951 | TotalAmt |
| Program Services | $270,170 | ProgramServicesAmt |
| Management And General | $253,781 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $269,995 | BOYAmt |
| EOY | $405,630 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $550,637 | BOYAmt |
| EOY | $411,710 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,503 | BOYAmt |
| EOY | $66,436 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $222 | BOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $242,815 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $59,835 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $203,779 | BOYAmt |
| EOY | $182,980 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,338 | BOYAmt |
| EOY | $2,665 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,055,474 | BOYAmt |
| EOY | $1,069,421 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $44,176 | BOYAmt |
| EOY | $71,353 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $44,176 | BOYAmt |
| EOY | $71,353 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,011,298 | BOYAmt |
| EOY | $998,068 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,011,298 | BOYAmt |
| EOY | $998,068 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,055,474 | BOYAmt |
| EOY | $1,069,421 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$13,230 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | 0 | FSAuditedInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $911,566 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $659,175 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $536,406 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $246,737 | CurrentTaxYearAmt |
| Total | $2,353,884 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $911,566 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $659,175 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $536,406 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $246,737 | CurrentTaxYearAmt |
| Total | $2,353,884 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $1,343,110 | SubstantialContributorsTotAmt |
| Public Support Total170 | $1,010,774 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $1,172 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,937 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,923 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $376 | CurrentTaxYearAmt |
| Total | $6,408 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $2,360,292 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $362,917 | GrossReceiptsRltdActivitiesAmt |
| First5 Years170 | Yes (X) | First5Years170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $128,529 | OtherCostOrOtherBasisAmt |
| Depreciation | $11,321 | DepreciationAmt |
| Book Value | $117,208 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $114,286 | OtherCostOrOtherBasisAmt |
| Depreciation | $48,514 | DepreciationAmt |
| Book Value | $65,772 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $182,980 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SALES TAX PAYABLE | Desc |
| Amt | $71,353 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $71,353 | TotalLiabilityAmt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III, LINE 1A: | THE MUSEUM'S COLLECTIONS COMPRISE OBJECTS AND WORKS OF ART, INCLUDING PAINTINGS, ART FRAMES, AND SCULPTURES. THE COLLECTIONS ARE MAINTAINED FOR PUBLIC EXHIBITION, IN FURTHERANCE OF PUBLIC SERVICE RATHER THAN FOR FINANCIAL GAIN. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS. |
| PART III, LINE 4: | IN 2013, INTERNATIONAL ART MUSEUM OF AMERICA (IAMA) DID NOT RECEIVE ANY ARTWORK THAT WERE CONTRIBUTED TO IT. THE ART CURRENTLY MAINTAINED BY THE ORGANIZATION IS FOR THE PURPOSE OF PUBLIC EXHIBITION AND FURTHER THE TAX EXEMPT PURPOSE OF PROMOTING ART. THE COLLECTION ADVANCES THE MISSION OF IAMA TO DISPLAY THE MOST EXQUISITE, BEAUTIFUL, AND PRECIOUS ART FROM ALL OVER THE WORLD TO PROMOTE THE MORAL PROGRESS, SPIRITUAL HEALTH, AND CULTURAL AND ARTISTIC DEVELOPMENT OF HUMANITY AROUND THE GLOBE. THE COLLECTION ADVANCES THE VISION OF IAMA TO PROVIDE A BEAUTIFUL ENVIRONMENT FOR ALL PEOPLE THAT PROMOTES HAPPINESS, WELL BEING, AESTHETIC ENJOYMENT AND WORLD PEACE. THE WORKS OF ART WERE MADE BY FAMOUS ARTISTS OF THE HIGHEST ORDER. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | RAYMOND CHEN (DIRECTOR) AND KATHERINE HSU (SECRETARY) HAVE A BUSINESS RELATIONSHIP AND A FAMILY RELATIONSHIP. MYRON MEYERS (DIRECTOR, CHAIRMAN OF THE BOARD) AND STEVEN MEYERS (DIRECTOR, VICE PRESIDENT) HAVE A FAMILY RELATIONSHIP. |
| FORM 990, PART VI, SECTION A, LINE 8B | N/A: NO COMMITTEE MEETINGS WERE HELD DURING THE YEAR. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE CFO AND BOARD OF DIRECTORS WILL REVIEW FORM 990 PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | ANY DIRECTOR OR PRINCIPAL OFFICER HAS TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST AT THE TIME IT ARISES. A PERIODIC REVIEW, AT LEAST ANNUALLY, IS MADE TO DETERMINE WHETHER ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST EXISTS. |
| FORM 990, PART VI, SECTION B, LINE 15A | BEFORE DECIDING ON THE AMOUNT OF SALARY FOR DIRECTOR OF MUSEUM OPERATIONS, THE ORGANIZATION CONDUCTED RESEARCH ON THE SALARY OF PEOPLE WITH SIMILAR EDUCATIONAL BACKGROUND AND WORK EXPERIENCE. THE DIRECTOR OF MUSEUM OPERATIONS' ANNUAL SALARY IS REASONABLE AND COMPARABLE TO PERSONS WITH SIMILAR EDUCATIONAL BACKGROUND AND WORK EXPERIENCE. |
| FORM 990, PART VI, SECTION C, LINE 18 | THE ORGANIZATION MAKES ITS FORM 1023 AND 990 AVAILABLE TO THE PUBLIC UPON REQUEST IN ACCORDANCE WITH THE LAW. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST IN ACCORDANCE WITH THE LAW. |
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