Liabilities / Assets
100th percentile
Higher debt load relative to assets than 100% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
950.09x
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on this filing.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
2nd percentile
Faster asset growth than 2% of similar nonprofits.
Revenue Growth
1st percentile
Faster revenue growth than 1% of similar nonprofits.
Balance Sheet
Assets
Down$6,008
Down $1,904,583 (-100%) from 2014
Net Assets
Down-$5,702,141
Down $3,776,494 (-196%) from 2014
Liabilities
Up$5,708,149
Up $1,871,911 (+49%) from 2014
Revenue And Expenses
Revenue
Down$0
Down $18,259 (-100%) from 2014
Expenses
Up$3,776,494
Up $2,399,088 (+174%) from 2014
Net Income
Down-$3,776,494
Down $2,417,347 (-178%) from 2014
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Aug 1, 2014 to Jul 31, 2015
- Signed
- Dec 14, 2015
- Return Version
- 2014v6.0
Mission and Program Overview
Mission
Since its inception, foundation 20 201's mission has been to
Since its inception, foundation 20 201's mission has been to nourish exchanges among artists, writers, film makers as well as to present to a wider audience some of the most arresting work being produced. During the year the foundation presented various exhibitions, produced catalogues in an effort to build bridges between developments in 20th and 21st century art.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| ART SALES INCOME GENERATED THROUGH THE SALE OF PAINTINGS/MAGAZINES/PUBLICATIONS AND SCULPTURES IN ACCORDANCE WITH THE ORGANIZATION'S EXEMPT PURPOSE. | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| TIMOTHY NYE | Officer | - | $0 | - | - |
| SAM TSAO | Officer | - | $0 | - | - |
| JACQUELINE HUMPHRIES | Officer | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Foundation 20 21
- EIN
- 13-3645654
- Phone
- 7039802708
- Address
- 242 BERGEN STREET, BROOKLYN, NY 11217
Signing Officer
- Name
- Timothy Nye
- Title
- Officer
- Phone
- 7039802708
- Signed
- 2015-12-14
Preparer
- Firm
- Spg Cpas Llp
- Address
- 286 FIFTH AVENUE - 8TH FLOOR, NEW YORK, NY 10001
- Preparer
- Glenn Palilla
- Phone
- 6463444213
Supplemental Narrative
Additional Explanations
Form 990EZ, Part I, Line 16
“Depreciation 12013. Interest expenses/judgement fees 1871898. Lower of cost or market adjustment 1892583.”
Form 990EZ, Part II, Line 24
“INVENTORY 1892583. 0.”
Form 990EZ, Part II, Line 26
“Note payable - timothy nye 96712. 96712. Afp line of credit 1791000. 1791000. Due to nyehaus 654985. 654985. Accrued interest/fees 1293541. 3165439. Cash overdraft 13. 13.”
Form 990, Part IX, Line 24F
“V&v - freight & delivery v&v - magazine v&v - meals & entertainment v&v - miscellaneous v&v - music v&v - photography v&v - photography v&v - public realtions v&v - refund v&v - telephone & comm. V&v - shipping v&v - travel v&v - website v&v - insurance bank fees equipment renatl postage travel exhib - artist fees exhib - conservation exhib - insurance exhib - misc. Exhib - printing exhib - shipping exhib - storage exhib - travel citibank loan adjustment lower of cost or market inventory adjustm”
Raw XML Appendix142 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | ANNEKE RAUTENBACH |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 7039802708 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 242 BERGEN STREET |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | BROOKLYN |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 11217 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 0 |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -3776494 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 1910604 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 6008 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 0 |
| IRS990EZ/GainOrLossFromSaleOfAssetsAmt | 0 | 0 |
| IRS990EZ/GamingGrossIncomeAmt | 0 | 0 |
| IRS990EZ/GrossProfitLossSlsOfInvntryAmt | 0 | 0 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 0 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 18021 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 6008 |
| IRS990EZ/LoansToFromOfficersAmt | 0 | 96712 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | true |
| IRS990EZ/MembershipDuesAmt | 0 | 0 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | -1925647 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -5702141 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | -1925647 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -5702141 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | TIMOTHY NYE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | SAM TSAO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | JACQUELINE HUMPHRIES |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | OFFICER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | OFFICER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | OFFICER |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 1892583 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 3776494 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | SINCE ITS INCEPTION, FOUNDATION 20 201'S MISSION HAS BEEN TO NOURISH EXCHANGES AMONG ARTISTS, WRITERS, FILM MAKERS AS WELL AS TO PRESENT TO A WIDER AUDIENCE SOME OF THE MOST ARRESTING WORK BEING PRODUCED. DURING THE YEAR THE FOUNDATION PRESENTED VARIOUS EXHIBITIONS, PRODUCED CATALOGUES IN AN EFFORT TO BUILD BRIDGES BETWEEN DEVELOPMENTS IN 20TH AND 21ST CENTURY ART. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | ART SALES INCOME GENERATED THROUGH THE SALE OF PAINTINGS/MAGAZINES/PUBLICATIONS AND SCULPTURES IN ACCORDANCE WITH THE ORGANIZATION'S EXEMPT PURPOSE. |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 0 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 0 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 3836251 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 5708149 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 3776494 |
| IRS990EZ/TotalRevenueAmt | 0 | 0 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 18000 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 21000 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 211400 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 835986 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 1086386 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0 |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 0 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 1086386 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 18000 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 21000 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 211400 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 835986 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 1086386 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 1086386 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt | 0 | 96712 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd | 0 | true |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd | 0 | false |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt | 0 | OPERATIONS |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd | 0 | X |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt | 0 | 86336 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm | 0 | TIM NYE |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt | 0 | DIRECTOR |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd | 0 | true |
| IRS990ScheduleL/TotalBalanceDueAmt | 0 | 96712 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DEPRECIATION 12013. INTEREST EXPENSES/JUDGEMENT FEES 1871898. LOWER OF COST OR MARKET ADJUSTMENT 1892583. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | INVENTORY 1892583. 0. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | NOTE PAYABLE - TIMOTHY NYE 96712. 96712. AFP LINE OF CREDIT 1791000. 1791000. DUE TO NYEHAUS 654985. 654985. ACCRUED INTEREST/FEES 1293541. 3165439. CASH OVERDRAFT 13. 13. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | V&V - FREIGHT & DELIVERY V&V - MAGAZINE V&V - MEALS & ENTERTAINMENT V&V - MISCELLANEOUS V&V - MUSIC V&V - PHOTOGRAPHY V&V - PHOTOGRAPHY V&V - PUBLIC REALTIONS V&V - REFUND V&V - TELEPHONE & COMM. V&V - SHIPPING V&V - TRAVEL V&V - WEBSITE V&V - INSURANCE BANK FEES EQUIPMENT RENATL POSTAGE TRAVEL EXHIB - ARTIST FEES EXHIB - CONSERVATION EXHIB - INSURANCE EXHIB - MISC. EXHIB - PRINTING EXHIB - SHIPPING EXHIB - STORAGE EXHIB - TRAVEL CITIBANK LOAN ADJUSTMENT LOWER OF COST OR MARKET INVENTORY ADJUSTM |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990EZ, Part II, Line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990EZ, Part II, Line 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part IX, Line 24f |
| ReturnHeader/BuildTS | 0 | 2016-08-17 19:52:53Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | TIMOTHY NYE |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | OFFICER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7039802708 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2015-12-14 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | FOUNDATION 20 21 |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | FOUN |
| ReturnHeader/Filer/EIN | 0 | 133645654 |
| ReturnHeader/Filer/PhoneNum | 0 | 7039802708 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 242 BERGEN STREET |
| ReturnHeader/Filer/USAddress/CityNm | 0 | BROOKLYN |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 11217 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | SPG CPAS LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 286 FIFTH AVENUE - 8TH FLOOR |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | NEW YORK |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 10001 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6463444213 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2016-05-31 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | GLENN PALILLA |
| ReturnHeader/ReturnTs | 0 | 2016-05-31T05:59:55-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2014-08-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2015-07-31 |
| ReturnHeader/TaxYr | 0 | 2014 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2015 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $6,008
- Liabilities
- $5,708,149
- Net assets
- -$5,702,141
- Revenue
- $0
- Expenses
- $3,776,494
- Net income
- -$3,776,494