INTERNATIONAL COUNCIL OF THE MUSEUM OF MODERN ART: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- INTERNATIONAL COUNCIL OF THE MUSEUM OF MODERN ART (EIN 13-6143744)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-05-06
- IRS object ID
- 201321269349301552
- Schema version
- 2011v1.5
- 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) |
|---|---|---|
| Timestamp | 2013-05-06T16:39:30-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PricewaterhouseCoopers LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 300 Madison Avenue | AddressLine1 |
| City | New York | City |
| State | NY | State |
| ZIP Code | 10017 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 136143744 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE INTERNATIONAL COUNCIL OF THE | BusinessNameLine1 |
| Business Name Line2 | MUSEUM OF MODERN ART INC | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of Name | % CAROL COFFIN | InCareOfName |
| Name Control | INTE | NameControl |
| Phone | 2127089470 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11 WEST 53RD STREET | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10019 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Carol Coffin | Name |
| Title | Executive Director | Title |
| Date Signed | 2013-05-01 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6464713000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | SHARON PERCY ROCKEFELLER | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11 WEST 53RD STREET | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10019 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 1636069 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | N/A | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1956 | YearFormation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | THE INTERNATIONAL COUNCIL OF MOMA IS ORGANIZED TO DEVELOP INTERNATIONAL UNDERSTANDING IN THE FIELD OF ART, THROUGH A PROGRAM OF EXHIBITIONS, CONFERENCES, LECTURES, PUBLICATIONS, & OTHER PROGRAMS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 37 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 37 | NbrIndependentVotingMembers |
| Total Nbr Employees | 3 | TotalNbrEmployees |
| Total Nbr Volunteers | 37 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1432668 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1333192 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 185672 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 106809 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 165233 | InvestmentIncomePriorYear |
| Investment Income Current Year | 196068 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 1783573 | TotalRevenuePriorYear |
| Total Revenue Current Year | 1636069 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 707639 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 518743 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 315553 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 347849 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 653343 | OtherExpensePriorYear |
| Other Expenses Current Year | 691385 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 1676535 | TotalExpensesPriorYear |
| Total Expenses Current Year | 1557977 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 107038 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 78092 | RevenuesLessExpensesCY |
| Total Assets BOY | 4387147 | TotalAssetsBOY |
| Total Assets EOY | 4319609 | TotalAssetsEOY |
| Total Liabilities BOY | 155702 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 167245 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 4231445 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 4152364 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE INTERNATIONAL COUNCIL OF MOMA IS ORGANIZED TO DEVELOP INTERNATIONAL UNDERSTANDING IN THE FIELD OF ART, ESPECIALLY MODERN AND CONTEMPORARY VISUAL ART, THROUGH A PROGRAM OF EXHIBITIONS, NATIONAL AND INTERNATIONAL CONFERENCES, LECTURES, PUBLICATIONS, AND OTHER PROGRAMS. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 518743 | Expense |
| Grants | 518743 | Grants |
| Description | A. TOTAL GRANTS PAID: $518,743 1. GRANTS TO MOMA: $431,739 2. TRAVEL GRANTS TO MOMA: $ 66,504 3. GRANTS TO MOMA FOR INTL PROGRAMS:$ 20,500 | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 351739 | Expense |
| Revenue | 106809 | Revenue |
| Description | MEMBERSHIP SERVICES TO INCLUDE ANNUAL FALL AND SPRING MEETINGS | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 11839 | Expense |
| Description | SUPPORT IC MOMA ANNUAL PUBLICATION | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 882321 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | false | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | true | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | true | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | true | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | false | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 6 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | false | ComplianceWithBackupWitholding |
| Number Of Employees | 3 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 37 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 37 | NumberIndependentVotingMembers |
| Family Or Business Relationship | true | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | false | ConflictOfInterestPolicy |
| Whistleblower Policy | false | WhistleblowerPolicy |
| Document Retention Policy | false | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | false | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | CAROL COFFIN | NamePerson |
| Telephone Number | 2127089470 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11 WEST 53RD STREET | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10019 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
| No Listed Persons Compensated | X | NoListedPersonsCompensated |
Form990 Part VII Section A Form990PartVIISectionA (38 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| BRIAN URQUHART | |||||||
| CHAIRMAN EMERITUS & DIRECTOR | 1.0 | X | X | ||||
| AGNES GUND | |||||||
| CHAIRMAN & DIRECTOR | 1.0 | X | X | ||||
| JO CAROLE LAUDER | |||||||
| PRESIDENT EMERITA & DIRECTOR | 1.0 | X | X | ||||
| HRH DUKE FRANZ OF BAVARIA | |||||||
| CHAIRMAN EMERITUS & DIRECTOR | 1.0 | X | X | ||||
| LEWIS B CULLMAN | |||||||
| VICE CHAIRMAN & DIRECTOR | 1.0 | X | X | ||||
| MRS GIFFORD PHILLIPS | |||||||
| PRESIDENT EMERITA & DIRECTOR | 1.0 | X | X | ||||
| PONTUS BONNIER | |||||||
| VICE PRESIDENT & DIRECTOR | 1.0 | X | X | ||||
| GILBERTO CHATEAUBRIAND | |||||||
| VICE PRESIDENT & DIRECTOR | 1.0 | X | X | ||||
| TOSHIO HARA | |||||||
| VICE PRESIDENT & DIRECTOR | 1.0 | X | X | ||||
| MRS HENRY J HEINZ II | |||||||
| VICE PRESIDENT & DIRECTOR | 1.0 | X | X | ||||
| MRS EUGENE MCDERMOTT | |||||||
| VICE PRESIDENT & DIRECTOR | 1.0 | X | X | ||||
| BEATRIX MEDINGER | |||||||
| VICE CHAIRMAN, TREASURER & DIR | 1.0 | X | X | ||||
| LI CHUNG PEI | |||||||
| VICE PRESIDENT & DIRECTOR | 1.0 | X | X | ||||
| LAURA LEE W WOODS | |||||||
| VICE PRESIDENT & DIRECTOR | 1.0 | X | X | ||||
| VIRGINIA WRIGHT | |||||||
| DIRECTOR | 1.0 | X | X | ||||
| WILLIAM L BERNHARD | |||||||
| SECRETARY & DIRECTOR | 1.0 | X | X | ||||
| MONIQUE BARBIER-MUELLER | |||||||
| DIRECTOR | 1.0 | X | |||||
| NELLY ARRIETA DE BLAQUIER | |||||||
| VICE PRESIDENT & DIRECTOR | 1.0 | X | |||||
| PATRICIA PHELPS DE CISNEROS | |||||||
| DIRECTOR | 1.0 | X | |||||
| JEANNE C THAYER | |||||||
| PRESIDENT EMERITA | 1.0 | X | |||||
| MRS AGUSTIN EDWARDS | |||||||
| DIRECTOR | 1.0 | X | |||||
| LENORE S GREENBERG | |||||||
| DIRECTOR | 1.0 | X | |||||
| GABRIELE HENKEL | |||||||
| DIRECTOR | 1.0 | X | |||||
| MARIELUISE HESSEL | |||||||
| DIRECTOR | 1.0 | X | |||||
| BARBARA JAKOBSON | |||||||
| DIRECTOR | 1.0 | X | |||||
| SUYDAM LANSING | |||||||
| DIRECTOR | 1.0 | X | |||||
| WENDY LARSEN | |||||||
| DIRECTOR | 1.0 | X | |||||
| MARY ELLEN OLDENBURG | |||||||
| DIRECTOR | 1.0 | X | |||||
| GIFFORD PHILIPS | |||||||
| DIRECTOR | 1.0 | X | |||||
| SHARON PERCY ROCKEFELLER | |||||||
| PRESIDENT & DIRECTOR | 1.0 | X | X | ||||
| YOLANDA SANTOS | |||||||
| DIRECTOR | 1.0 | X | |||||
| MRS GUIDO SCHMIDT-CHIARI | |||||||
| DIRECTOR | 1.0 | X | |||||
| PENELOPE EVATT SEIDLER | |||||||
| DIRECTOR | 1.0 | X | |||||
| WILLIAM KELLY SIMPSON | |||||||
| DIRECTOR | 1.0 | X | |||||
| LOLA MITJANS DE VILARASAU | |||||||
| DIRECTOR | 1.0 | X | |||||
| PAUL F WALTER | |||||||
| DIRECTOR | 1.0 | X | |||||
| ERIKA HOFFMANN-KOENIGE | |||||||
| VICE PRESIDENT & DIRECTOR | 1.0 | X | X | 0 | 0 | 0 | |
| CAROL COFFIN | |||||||
| EXECUTIVE DIRECTOR | 35.0 | 148596 | 0 | 0 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 148596 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | false | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Membership Dues | 1238000 | MembershipDues |
| All Other Contributions | 95192 | AllOtherContributions |
| Noncash Contributions | 3573 | NoncashContributions |
| Total Contributions | 1333192 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | ADMISSION FEES FOR FALL EVENT | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 106809 | TotalRevenueColumn |
| Related Or Exempt Function Income | 106809 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 106809 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 50 | TotalRevenueColumn |
| Exclusion | $50 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 196018 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 196018 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 196018 | TotalRevenueColumn |
| Exclusion | $196,018 | ExclusionAmount |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 0 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1636069 | TotalRevenueColumn |
| Related Or Exempt Function Income | 106809 | RelatedOrExemptFunctionIncome |
| Exclusion | $196,068 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 518743 | Total |
| Program Services | 518743 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 280473 | Total |
| Program Services | 11688 | ProgramServices |
| Management And General | 268785 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 67376 | Total |
| Program Services | 583 | ProgramServices |
| Management And General | 66793 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 42740 | Total |
| Management And General | 42740 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 43274 | Total |
| Program Services | 3274 | ProgramServices |
| Management And General | 40000 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 26728 | Total |
| Program Services | 19512 | ProgramServices |
| Management And General | 7216 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4797 | Total |
| Management And General | 4797 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 59047 | Total |
| Program Services | 42280 | ProgramServices |
| Management And General | 16767 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 200275 | Total |
| Management And General | 200275 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 64240 | Total |
| Program Services | 64240 | ProgramServices |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 192277 | Total |
| Program Services | 190775 | ProgramServices |
| Management And General | 1502 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Management And GeneralManagementAndGeneral | Program ServicesProgramServices |
|---|---|---|---|
| BAD DEBTS | 22800 | 22800 | |
| SECURITY CHARGES IN/OUT | 8997 | 8997 | |
| IN-HOUSE PURCH RETAIL/PUBLICAT | 8263 | 2624 | 5639 |
| EDITING/PROOFREADING | 6200 | 6200 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11747 | Total |
| Program Services | 10390 | ProgramServices |
| Management And General | 1357 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1557977 | Total |
| Program Services | 882321 | ProgramServices |
| Management And General | 675656 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 188576 | BOY |
| EOY | 172081 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20571 | BOY |
| EOY | 19182 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 165000 | BOY |
| EOY | 65500 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4013000 | BOY |
| EOY | 4062846 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4387147 | BOY |
| EOY | 4319609 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 72840 | BOY |
| EOY | 72159 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 82862 | BOY |
| EOY | 95086 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 155702 | BOY |
| EOY | 167245 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2955765 | BOY |
| EOY | 2886573 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 306061 | BOY |
| EOY | 264422 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 969619 | BOY |
| EOY | 1001369 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4231445 | BOY |
| EOY | 4152364 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4387147 | BOY |
| EOY | 4319609 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 78092 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -157173 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gifts Grants Contrib Received509 GiftsGrantsContribReceived509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1105073 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1045876 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1534841 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1432668 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1333192 | CurrentTaxYear |
| Total | 6451650 | Total |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 135168 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 124520 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 139480 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 185672 | CurrentTaxYearMinus1Year |
| Current Tax Year | 106809 | CurrentTaxYear |
| Total | 691649 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1240241 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1170396 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1674321 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1618340 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1440001 | CurrentTaxYear |
| Total | 7143299 | Total |
Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 251094 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 207398 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 421531 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 263750 | CurrentTaxYearMinus1Year |
| Current Tax Year | 312000 | CurrentTaxYear |
| Total | 1455773 | Total |
Support From DQ Ps Etc SupportFromDQPsEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 251094 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 207398 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 421531 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 263750 | CurrentTaxYearMinus1Year |
| Current Tax Year | 312000 | CurrentTaxYear |
| Total | 1455773 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 5687526 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 223182 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3189 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 486 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 161 | CurrentTaxYearMinus1Year |
| Current Tax Year | 50 | CurrentTaxYear |
| Total | 227068 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 223182 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3189 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 486 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 161 | CurrentTaxYearMinus1Year |
| Current Tax Year | 50 | CurrentTaxYear |
| Total | 227068 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1463423 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1173585 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1674807 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1618501 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1440051 | CurrentTaxYear |
| Total | 7370367 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.77168 | PublicSupportPercentage509 |
| Prior Year Support Percentage | 0.74071 | PriorYearSupportPercentage |
| Investment Income Percentage | 0.03081 | InvestmentIncomePercentage |
| Prior Yr Invest Income Percentage | 0.07548 | PriorYrInvestIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| 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) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 1262264 | BeginningOfYearBalance |
| Contributions | 31750 | Contributions |
| Investment Earnings Or Losses | 10605 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 48749 | GrantsOrScholarships |
| End Of Year Balance | 1255870 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 935216 | BeginningOfYearBalance |
| Contributions | 30750 | Contributions |
| Investment Earnings Or Losses | 182789 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 50574 | GrantsOrScholarships |
| Other Expenditures | -164083 | OtherExpenditures |
| End Of Year Balance | 1262264 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 792619 | BeginningOfYearBalance |
| Contributions | 146250 | Contributions |
| Investment Earnings Or Losses | -3653 | InvestmentEarningsOrLosses |
| End Of Year Balance | 935216 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 778569 | BeginningOfYearBalance |
| Contributions | 14050 | Contributions |
| End Of Year Balance | 792619 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Permanent Endowment EOY Balance | 1.00000 | PermanentEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
| Land | Land | |
| Buildings | Buildings | |
| Leasehold Improvements | LeaseholdImprovements | |
| Equipment | Equipment | |
| Other Land Buildings | OtherLandBuildings |
Other Assets OtherAssets (4 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| - INTERNATIONAL COUNCIL FUND | 2806977 |
| - LOUISE SMITH TRAVEL FUND | 688941 |
| - ELIZABETH STREIBERT FUND | 344506 |
| - JO CAROLE LAUDER PUBLICA- | 222422 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 4062846 | TotalBookValueOtherAssets |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | DUE TO MUSEUM OF MODERN ART | Description |
| Amount | $95,086 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 95086 | TotalOfAmounts |
| Total Revenue | 1636069 | TotalRevenue |
| Total Expenses | 1557977 | TotalExpenses |
| Excess Or Deficit For Year | 78092 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -157173 | NetUnrealizedGLOnInvestments |
| Total Adjustments | -157173 | TotalAdjustments |
| Excess Or Deficit Per FS | -79081 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 1372087 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -157173 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | -157173 | RevenueNotRptdF990 |
| Revenue Subtotal | 1529260 | RevenueSubtotal |
| Other Revenues Not Included | 106809 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 106809 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 1636069 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 1451168 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 1451168 | ExpensesSubtotal |
| Other Expenses Not Included | 106809 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 106809 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 1557977 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| SCHEDULE D, PART V, LINE 1E | RECLASSIFICATION OF ENDOWMENT FUNDS | ON SEPTEMBER 17, 2010, NEW YORK STATE ENACTED THE NEW PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT ("NYPMIFA"). NYPMIFA CONTAINS PROVISIONS THAT GOVERN CHARITABLE INSTITUTIONS' APPROPRIATION AND USE, AMONG OTHER THINGS, OF DONOR-RESTRICTED ENDOWMENT FUNDS. NYPMIFA UPDATED CERTAIN PROVISIONS OF PRIOR ENDOWMENT MANAGEMENT LAW. MOST SIGNIFICANTLY, UNDER PRIOR LAW, CHARITABLE INSTITUTIONS WERE REQUIRED TO MAINTAIN THE "HISTORIC DOLLAR VALUE" OF ENDOWMENT FUNDS, MEANING THAT INSTITUTIONS COULD APPROPRIATE ONLY: A PRUDENT PORTION OF THE FUND IF THE VALUE OF THE FUND WERE GREATER THAN THE DOLLAR VALUE OF THE DONOR'S CONTRIBUTION(S)TO THE FUND (I.E., THE "HISTORIC DOLLAR VALUE"), AND THE APPROPRIATION WOULD NOT TAKE THE FUND BELOW THAT AMOUNT; OR A PRUDENT PORTION ONLY OF THE INCOME FROM THE FUND, IF THE VALUE OF THE FUND WERE LESS THAN THE HISTORIC DOLLAR VALUE. UNDER NYPMIFA, A DETAILED PRUDENCE STANDARD GOVERNS APPROPRIATION FROM ENDOWMENT FUNDS, AND THERE IS NO LONGER A REQUIREMENT TO MAINTAIN HISTORIC DOLLAR VALUE. PRUDENT APPROPRIATION FROM A FUND WHOSE VALUE IS LESS THAN ITS HISTORIC DOLLAR VALUE IS PERMITTED. IN PARTICULAR, NYPMIFA PROVIDES THAT, UNLESS A DONOR EXPRESSES A CONTRARY INTENTION IN A GIFT INSTRUMENT, A CHARITABLE INSTITUTION MAY APPROPRIATE AS MUCH OF AN ENDOWMENT FUND AS IT "DETERMINES IS PRUDENT FOR THE USES, BENEFITS, PURPOSES AND DURATION FOR WHICH THE FUND IS ESTABLISHED," WITHOUT REGARD FOR HISTORIC DOLLAR VALUE. AS WITH PRIOR LAW, NYPMIFA RETAINS THE REQUIREMENT THAT IN MAKING ANY DECISION TO APPROPRIATE, "THE INSTITUTION SHALL ACT IN GOOD FAITH, WITH THE CARE THAT AN ORDINARY PRUDENT PERSON IN A LIKE POSITION WOULD EXERCISE UNDER SIMILAR CIRCUMSTANCES." IT FURTHER PROVIDES A NEW REQUIREMENT THAT THE INSTITUTION "SHALL CONSIDER, IF RELEVANT" THE FOLLOWING EIGHT FACTORS IN DECIDING WHETHER OR NOT TO APPROPRIATE FROM A FUND: -THE DURATION AND PRESERVATION OF THE ENDOWMENT FUND -THE PURPOSES OF THE INSTITUTE AND THE ENDOWMENT FUND -GENERAL ECONOMIC CONDITIONS -THE POSSIBLE EFFECTS OF INFLATION OR DEFLATION -THE EXPECTED TOTAL RETURN FROM INCOME AND THE APPRECIATION OF INVESTMENTS -OTHER RESOURCES OF THE COUNCIL -ALTERNATIVES TO EXPENDITURE OF THE ENDOWMENT FUND; AND -THE INVESTMENT POLICY OF THE COUNCIL. THE PROVISIONS OF NYPMIFA ALLOWING PRUDENT APPROPRIATION WITHOUT REGARD TO HISTORIC DOLLAR VALUE APPLY TO FUNDS AFTER ITS EFFECTIVE DATE OF SEPTEMBER 17, 2010. CERTAIN DONORS OF FUNDS CREATED BEFORE THAT DATE ARE GIVEN THE OPTION OF REQUIRING INSTITUTIONS TO CONTINUE TO OBSERVE THE HISTORIC DOLLAR VALUE RESTRICTIONS CONTAINED IN PRIOR YEAR. MOREOVER, AS WITH PRIOR LAW, A DONOR MAY INCORPORATE IN A GIFT INSTRUMENT SPECIFIC RESTRICTIONS ON APPROPRIATIONS THAT ARE DIFFERENT FROM EITHER NYPMIFA OR PRIOR LAW. FINANCIAL REPORTING OF ENDOWMENTS CONSISTENT WITH ENDOWMENT ACCOUNTING FOR NOT-FOR-PROFIT ORGANIZATIONS FOR FUNDS SUBJECT TO AN ENACTED VERSIONS OF NYPMIFA, THE COUNCIL CLASSIFIES AS PERMANENTLY RESTRICTED NET ASSETS (A) THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT, (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE PERMANENT ENDOWMENT, (C) THE NET REALIZABLE VALUE OF FURTHER PAYMENTS TO PERMANENTLY RESTRICTED NET ASSETS IN ACCORDANCE WITH THE DONOR'S GIFT INSTRUMENT (OUTSTANDING ENDOWMENT PLEDGES NET OF APPLICABLE DISCOUNT), AND (D) ACCUMULATIONS, INCLUDING APPRECIATION, GAINS AND INCOME, TO THE PERMANENT ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF THE APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME THE ACCUMULATION IS ADDED TO THE FUND. UNDER THESE POLICIES, AND AS APPROVED BY THE COUNCIL'S BOARD, THE LONG TERM FOCUS OF THE ENDOWMENT IS TO SUPPORT THE COUNCIL'S MISSION BY PROVIDING DIRECTION AND APPROVAL OF THE DIRECTORS THE ENDOWMENT WILL SEEK TO MAXIMIZE LONG-TERM RETURNS CONSISTENT WITH PRUDENT LEVELS OF RISK. FUNDS SHARE IN THE OVERALL EARNINGS RATE OF THE MUSEUM'S PORTFOLIO. FOR FINANCIAL REPORTING PURPOSES, DONOR-RESTRICTED ENDOWMENT FUND APPRECIATION, GAINS AND INCOME EXCEEDING DONOR RESTRICTIONS ARE CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE BY THE BOARD IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY LAW. UPON APPROPRIATION, APPROPRIATION AND EARNINGS ARE RECLASSIFIED AS UNRESTRICTED NET ASSETS. AN AMOUNT EQUAL TO 5% OF THE AVERAGE MARKET VALUE OF THE INTERNATIONAL COUNCIL'S LOUISE REINHARDT SMITH ENDOWMENT FUND FOR PROFESSIONAL TRAVEL AND EXCHANGE AND THE ELIZABETH T. STREIBERT ENDOWMENT FUND FOR CURATORIAL TRAVEL AT THE END OF THE THREE PRECEDING YEARS IS MADE AVAILABLE FOR TRAVEL GRANTS. FOR EACH DONOR-RESTRICTED ENDOWMENT FUND THE COUNCIL SHALL CLASSIFY THE PORTION OF THE FUND THAT IS NOT CLASSIFIED AS PERMANENTLY RESTRICTED NET ASSETS AS TEMPORARILY RESTRICTED NET ASSETS UNTIL APPROPRIATED FOR EXPENDITURE BY THE BOARD. IN INITIALLY APPLYING THE GUIDANCE TO ITS DONOR-RESTRICTED ENDOWMENT FUNDS IN EXISTENCE UPON NYPMIFA ENACTMENT, THE COUNCIL DETERMINED THE ACCUMULATED AMOUNTS EARNED ON DONOR RESTRICTED ENDOWMENT FUNDS IN EXCESS OF APPROPRIATION WHICH WERE PREVIOUSLY REFLECTED WITHIN UNRESTRICTED NET ASSETS. AS A RESULT OF FISCAL YEAR 2011, A RECLASSIFICATION TO TEMPORARILY RESTRICTED NET ASSETS OF $164,083 WAS REFLECTED WITHIN THE STATEMENT OF CHANGES IN NET ASSETS BASED ON THE CHANGE IN LAW. HOWEVER, GIVEN THE SUMMARIZED COMPARATIVE INFORMATION FORMAT FOR THE PRIOR YEAR (2011), THIS AMOUNT IS NOT REFLECTED IN THE STATEMENT OF CHANGES IN NET ASSETS. |
| SCHEDULE D, PART V, LINE 4 | ENDOWMENT FUNDS | THE INTERNATIONAL COUNCIL OF MOMA'S ENDOWMENT FUNDS CONSIST OF THREE DONOR-RESTRICTED INDIVIDUAL FUNDS. SUCH ENDOWMENTS WERE ESTABLISHED FOR THE PURPOSE OF PROVIDING A RELIABLE SOURCE OF FUNDS IN ORDER TO SUPPORT THE ORGANIZATION'S PROGRAMS OF PROFESSIONAL AND CURATORIAL TRAVEL AND EXCHANGE. EXPENDITURES FROM THESE DONOR-RESTRICTED FUNDS ARE LIMITED TO THE USES AND PURPOSES FOR WHICH THESE ENDOWMENTS WERE ESTABLISHED BY THE DONOR. UNDER THE DIRECTION AND APPROVAL OF THE DIRECTORS, THE ENDOWMENT FUND WILL SEEK TO MAXIMIZE LONG-TERM RETURNS CONSISTENT WITH PRUDENT LEVELS OF RISK. |
| SCEDULE D, PART XII, LINE 4B AND PART XIII, LINE 4B | OTHER REVENUE AND EXPENSE | ADMISSION FEE FOR FALL EVENT: $106,809 |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | Europe (Including Iceland and Greenland) | Region |
| Type Of Activities Conducted | Program Services | TypeOfActivitiesConducted |
| Specific Services Provided | SPRING MEETING TURKEY | SpecificServicesProvided |
| Total Expenditures | 64371 | TotalExpenditures |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Amount Spent | 64371 | SubtotalAmountSpent |
| Total Amount Spent | 64371 | TotalAmountSpent |
| Transfer To Foreign Corp | false | TransferToForeignCorp |
| Interest In Foreign Trust | false | InterestInForeignTrust |
| Own Foreign Corp | false | OwnForeignCorp |
| Passive Foreign Invest Co | false | PassiveForeignInvestCo |
| Foreign Partnership | false | ForeignPartnership |
| Boycott Countries | false | BoycottCountries |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MUSEUM OF MODERN ART | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 131624100 | EINOfRecipient |
| IRC Section | 501(C)(3) | IRCSection |
| Amount Of Cash Grant | 518743 | AmountOfCashGrant |
| Method Of Valuation | N/A | MethodOfValuation |
| Description Of Non Cash Assistance | N/A | DescriptionOfNonCashAssistance |
| Purpose Of Grant | TRAVEL GRANT - ARTS & EDUCATION | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCHEDULE I, PART I, LINE 2 | Identifier |
| Return Reference | PROCEDURES FOR MONITORING GRANTS IN THE UNITED STATES | ReturnReference |
| Explanation | OVERALL: ALL FINANCIAL OPERATIONS ARE OVERSEEN BY THE INTERNATIONAL COUNCIL TREASURER AND EXECUTIVE COMMITTEE. CASH RECEIPTS AND DISBURSEMENTS ARE REVIEWED MONTHLY BY THE EXECUTIVE DIRECTOR OF THE IC MOMA. MOMA MAKES AVAILABLE MONTHLY REPORTS ON COUNCIL INCOME AND EXPENSE, AND ON THE THREE FUNDS INVESTED BY MOMA ON THE IC MOMA'S BEHALF. ALL EXPENSES PAID BY MOMA ON THE IC MOMA'S BEHALF ARE REIMBURSED ON A QUARTERLY BASIS. BUDGETS: BUDGETS FOR ADMINISTRATION, PROGRAMS, AND GRANTS ARE REVIEWED IN THE FALL AND IN THE SPRING. VARIANCES ARE REVIEWED AND SHARED WITH THE TREASURER AND EXECUTIVE COMMITTEE. EACH GRANT REQUEST IS REVIEWED INDIVIDUALLY BY THE EXECUTIVE COMMITTEE AND RELEVANT STAFF. TRAVEL GRANT BUDGETS ARE REVIEWED BY A TRAVEL ADVISORY COMMITTEE CONSISTING OF IC MOMA MEMBER REPRESENTATIVES AND IC MOMA AND MOMA STAFF. PAYMENTS: PAYMENTS FOR DISBURSEMENTS RELATING TO ALL GRANT FUNDS REQUIRE APPROPRIATE SUPPORTING DOCUMENTATION, BEFORE PAYMENTS ARE MADE. THE BUDGET FOR EACH TRAVEL GRANT IS REVIEWED BY APPROPRIATE STAFF AND COUNCIL COMMITTEE REPRESENTATIVES. RESTRICTIONS PLACED ON GIFTS BY DONORS ARE STRICTLY RECORDED AND RESPECTED. INTERNATIONAL PROGRAM: THE DIRECTOR OF THE INTERNATIONAL PROGRAM REPORTS TO THE IC MOMA ON ALL ACTIVITIES, THROUGH ITS EXECUTIVE COMMITTEE, WITH ROUTINE REPORTS TO THE MEMBERSHIP. THE INTERNATIONAL PROGRAM SERVES AS AN IMPORTANT BRIDGE BETWEEN MOMA AND THE IC MOMA. | Explanation |
Schedule M IRS990ScheduleM
| Field | Value | IRS element (for citing) |
|---|---|---|
| Works Of Art | WorksOfArt | |
| Art Historical Treasures | ArtHistoricalTreasures | |
| Art Fractional Interest | ArtFractionalInterest | |
| Books And Publications | BooksAndPublications | |
| Clothing And Household Goods | ClothingAndHouseholdGoods | |
| Cars And Other Vehicles | CarsAndOtherVehicles | |
| Boats And Planes | BoatsAndPlanes | |
| Intellectual Property | IntellectualProperty | |
| Securities Publicly Traded | SecuritiesPubliclyTraded | |
| Securities Closely Held Stock | SecuritiesCloselyHeldStock | |
| Securities Prtnrshp Trust Intrsts | SecuritiesPrtnrshpTrustIntrsts | |
| Securities Miscellaneous | SecuritiesMiscellaneous | |
| Qualified Contrib Hist Struct | QualifiedContribHistStruct | |
| Qualified Contrib Other | QualifiedContribOther | |
| Real Estate Residential | RealEstateResidential | |
| Real Estate Commercial | RealEstateCommercial | |
| Real Estate Other | RealEstateOther | |
| Collectibles | Collectibles | |
| Food Inventory | FoodInventory | |
| Drugs And Medical Supplies | DrugsAndMedicalSupplies | |
| Taxidermy | Taxidermy | |
| Historical Artifacts | HistoricalArtifacts | |
| Scientific Specimens | ScientificSpecimens | |
| Archaeological Artifacts | ArchaeologicalArtifacts |
Other Non Cash Contributions Table OtherNonCashContributionsTable (3 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | SHS OF MERCK & CO. | 1 | 2500 | BOOK |
| X | SHS OF INTEL | 1 | 573 | BOOK |
| X | SHS OF EXXON/MOBIL | 1 | 500 | BOOK |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | false | ReviewProcessUnusualNCGifts |
| Third Parties Used | false | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| FORM 990, PART VI, SECTION A, GOVERNING BODY & MANAGEMENT, LINE 2 | FAMILY AND BUSINESS RELATIONSHIPS | SHARON ROCKEFELLER AND JUSTIN ROCKEFELLER. RELATIONSHIP: FAMILY RELATIONSHIP MR AND MRS GIFFORD PHILLIPS. RELATIONSHIP: FAMILY RELATIONSHIP |
| FORM 990, PART VI, LINE 10 | REVIEW PROCESS FOR FORM 990 | THE FORM 990 WAS REVIEWED BY THE FINANCE COMMITTEE, AND THEN PRESENTED TO THE BOARD OF TRUSTEE MEMBERS PRIOR TO THE FILING DATE. |
| FORM 990, PART VI, LINE 12C | CONFLICT OF INTEREST POLICY | IC MOMA HAS A DRAFT CONFLICT OF INTEREST POLICY. THE ORGANIZATION PLANS TO ADOPT THE POLICY IN THE NEXT FISCAL YEAR FOR 2011. THE DRAFT POLICY IS AVAILABLE UPON REQUEST. |
| FORM 990, PART VI, LINE 15A & 15B | COMPENSATION POLICY | THE COUNCIL'S TREASURER AND PRESIDENT, BOTH OF WHOM ARE INDEPENDENT BOARD MEMBERS, REVIEW THE SALARY WITH RELEVANT EXECUTIVE COMMITTEE MEMBERS. THE EXECUTIVE DIRECTOR'S SALARY IS DETERMINED IN COMPARISON TO COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. THE COMPENSATION DETERMINATION IS THEN DOCUMENTED AND COMMUNICATED TO HUMAN RESOURCES. |
| FORM 990, PART VI, LINE 19 | DOCUMENTS AVAILABLE FOR PUBLIC INSPECTION | IC MOMA'S GOVERNANCE DOCUMENTS, DRAFT CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
| FORM 990 PART VII, COLUMN B | AVERAGE HOURS | THE COMPENSATION OF CAROL COFFIN WAS PAID THROUGH THE MASTER PAYROLL SYSTEM OF MOMA, A CLOSELY AFFILIATED ENTITY OF IC MOMA. CAROL COFFIN WORKS ON AVERAGE 35 HOURS EACH WEEK FOR IC MOMA. |
| FORM 990, PART XI, LINE 5 | OTHER CHANGES IN NET ASSETS OR FUND BALANCE | UNREALIZED LOSS ON INVESTMENTS: ($157,173) |
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