Civic Intelligence

The Tim Reynolds Foundation

990 • Fiscal year 2015 • EIN 36-4668111

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 13, 2016

Organization Profilewww.aniartacademies.org
21 Wigwan RoadLocust, NJ 07760

(212) 889-0575

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

8th percentile

0.00x

Higher debt load relative to assets than 8% of similar nonprofits.

2015 filings • NTEE B • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

9th percentile

0.00x

Higher debt load relative to revenue than 9% of similar nonprofits.

2015 filings • NTEE B • $10M-$25M nonprofits • Source year 2015

Net Margin

82nd percentile

23%

Higher net margin than 82% of similar nonprofits.

2015 filings • NTEE B • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • NTEE B • $10M-$25M nonprofits • Source year 2015

Asset Growth

60th percentile

4.7%

Faster asset growth than 60% of similar nonprofits.

2015 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

100th percentile

96655%

Faster revenue growth than 100% of similar nonprofits.

2015 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets8th percentile

Assets

Up

$11,014,644

Up $495,008 (+4.7%) from 2014

Net Assets

Up

$11,004,532

Up $493,340 (+4.7%) from 2014

Liabilities

Up

$10,112

Up $1,668 (+20%) from 2014

Revenue And Expenses
Liabilities / Revenue9th percentileNet Margin82nd percentile

Revenue

Up

$2,141,186

Up $2,138,973 (+96655%) from 2014

Expenses

Up

$1,647,897

Up $103,149 (+6.7%) from 2014

Net Income

Up

$493,289

Up $2,035,824 (+132%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth60th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2014: $10,519,636Liabilities 2014: $8,444Net Assets 2014: $10,511,1922014Assets 2015: $11,014,644Liabilities 2015: $10,112Net Assets 2015: $11,004,5322015Assets 2017: $11,298,849Liabilities 2017: $15,491Net Assets 2017: $11,283,3582017Assets 2018: $10,149,581Liabilities 2018: $0Net Assets 2018: $10,149,5812018Assets 2019: $10,070,538Liabilities 2019: $0Net Assets 2019: $10,070,5382019Assets 2020: $16,259,185Liabilities 2020: $19,026Net Assets 2020: $16,240,1592020Assets 2021: $15,307,045Liabilities 2021: $905Net Assets 2021: $15,306,1402021Assets 2022: $13,935,771Liabilities 2022: $268Net Assets 2022: $13,935,5032022Assets 2023: $19,996,546Liabilities 2023: $0Net Assets 2023: $19,996,5462023Assets 2024: $17,576,861Liabilities 2024: $0Net Assets 2024: $17,576,8612024

Highlighted filing

2015

Assets$11,014,644
Liabilities$10,112
Net Assets$11,004,532
Open 2015 Filing

Operations Trend

Revenue Growth100th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2014: $2,213Expenses 2014: $1,544,748Net Income 2014: -$1,542,5352014Revenue 2015: $2,141,186Expenses 2015: $1,647,897Net Income 2015: $493,2892015Revenue 2017: $1,664,580Expenses 2017: $974,734Net Income 2017: $689,8462017Revenue 2018: -$69,326Expenses 2018: $1,111,442Net Income 2018: -$1,180,7682018Revenue 2019: $476,598Expenses 2019: $947,271Net Income 2019: -$470,6732019Revenue 2020: $7,610,792Expenses 2020: $982,115Net Income 2020: $6,628,6772020Revenue 2021: $534,933Expenses 2021: $1,210,835Net Income 2021: -$675,9022021Revenue 2022: $251,227Expenses 2022: $1,315,986Net Income 2022: -$1,064,7592022Revenue 2023: $8,120,134Expenses 2023: $2,059,091Net Income 2023: $6,061,0432023Revenue 2024: $844,626Expenses 2024: $3,263,047Net Income 2024: -$2,418,4212024

Highlighted filing

2015

Revenue$2,141,186
Expenses$1,647,897
Net Income$493,289
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 13, 2016
Return Version
2015v2.1
Gross Receipts
$2,141,186
Mission and Program Overview

Mission

SEE SCHEDULE 0.

The foundation plans to establish over the next ten years in as many countries technical art schools that will foster the talents & interests of adults in those countries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$9,378,143$4,203,378▼ $5,174,765
Other Notes and Loans Receivable, Net$0$4,000,000▲ $4,000,000
Investments in Publicly Traded Securities$538,286$1,715,200▲ $1,176,914
Land, Buildings, and Equipment, Net$536,254$605,605▲ $69,351
Cash and Non-Interest-Bearing Accounts$64,890$485,399▲ $420,509
Accounts Receivable$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$10,519,636$11,014,644▲ $495,008
Other Assets Total$2,063$5,062▲ $2,999
Liabilities
Accounts Payable and Accrued Expenses$8,444$10,112▲ $1,668
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$8,444$10,112▲ $1,668
Net Assets / Fund Balance
Unrestricted Net Assets$10,511,192$11,004,532▲ $493,340
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$10,511,192$11,004,532▲ $493,340
Total Liabilities and Net Assets / Fund Balance$10,519,636$11,014,644▲ $495,008

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$514,963$206,309$721,272
Leasehold Improvements$75,734$15,146$90,880
Other Land Buildings$4,676$7,405$12,081
Equipment$10,232-$10,232
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

NameTitle
Casey HaleyDirector
Joe GoodwinDirector
Tim ReynoldsFounder/director

Highest Paid Contractors

ContractorServicesLocationCompensation
Tko Operations LLCConstruction7 UNITY COURT, Middletown, NJ 07748$100,000
Revenue and Support

Revenue Composition

Contributions and Grants
$1,756,651
Program Service Revenue
$0
Investment Income
$384,535
Other Revenue
$0
All Other Contributions
$1,756,651
Change in Net Assets
$493,289

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$1,756,651Fair Market Value (FMV)
Total Noncash Contributions1$1,756,651-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,279,950
Other Expenses$194,744
Salaries, Compensation, and Employee Benefits$173,203
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$1,279,950--$1,279,950
Other Salaries and Wages-$152,730$0$152,730
Office Expenses$90,707$4,774$0$95,481
Depreciation Depletion-$42,382-$42,382
Occupancy$24,507$1,290$0$25,797
Other Employee Benefits-$11,363$0$11,363
Payroll Taxes-$9,110$0$9,110
Fees for Services Legal-$5,519$0$5,519
Fees for Services Other$4,274$225-$4,499
Fees for Services Accounting-$1,300$0$1,300
Other Expenses-$656-$656
Total Functional Expenses$1,399,438$248,459$0$1,647,897
International Activity

International Summary

Spending
$1,273,950

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the PacificProgram ServicesTechnical Art Schools--$908,854
Central America and the CaribbeanProgram ServicesTechnical Art Schools--$365,096
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Section A. - Question 2

“Casey haley (director/officer) and tim reynolds, the founder (director/officer), are siblings.”

Part VI, Section B. - Question 11B

“The form 990 will be reviewed by a board member prior to filing.”

Part VI, Section B. - Question 12C

“The organization regularly and consistently monitors compliance with the policy by requiring annual disclosure of interests that could give rise to conflicts.”

Part VI, Section C. - Question 19

“The organization does make its governing documents, conflict of interest policy, or financial statements available to the public.”

Filing and Contact Details

Filer

Filer Name
The Tim Reynolds Foundation
EIN
36-4668111
In Care Of
% DONALD CURTIS
Phone
2128890575
Address
21 WIGWAN ROAD, LOCUST, NJ 07760

Signing Officer

Name
Tim Reynolds
Title
founder/diretor
Phone
2128890575
Signed
2016-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tim Reynolds
Formed
2010
Legal Domicile
De
Voting Board Members
3
Independent Board Members
2
Employees
4
Volunteers
3

Preparer

Firm
CONDON O'MEARA MCGINTY & DONNELLY L
Address
ONE BATTERY PARK PLAZA, NEW YORK, NY 10004-1405
Preparer
James J Reilly
Phone
2126617777
Supplemental Narrative

Additional Explanations

Part III - Line 1

“The foundation plans to establish over the next ten years in as many as twenty countries technical art schools that will foster the talents and interests of adults in those countries. Each of these schools will have its own regular student body, facility, and regular curriculum and a faculty. Admission to the foundation's schools will be open to interested students. All students will attend the foundations schools free of charge. The foundation will endeavor to ensure that the student body at its schools include persons from various demographic and geographic areas and at all times the faculty and students will be chosen without regard to gender, race, culture, religion or national origin.”

Part III - Line 4A

“The foundation anticipates establishing schools in underdeveloped and developing nations with initial projects in anguiila, domincan republic, sri lanka, and thailand. The foundation's schools will offer an intensive, muti-year curriculum for teaching and training courses in painting, drawing and other art techniques. Technical art school - (weichulis - 25 students) technical art school - (dominican republic - 35 students) technical art school - (anguilla - 15 students)”

Raw XML AppendixShowing 400 of 546 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.

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IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09110
IRS990/PayrollTaxesGrp/TotalAmt09110
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0TIM REYNOLDS
IRS990/PriorPeriodAdjustmentsAmt051
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt01264282
IRS990/PYInvestmentIncomeAmt02213
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0149795
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-1542535
IRS990/PYSalariesCompEmpBnftPaidAmt0130671
IRS990/PYTotalExpensesAmt01544748
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02213
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0493289
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/FundraisingAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt09378143
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04203378
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0514963
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0206309
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0721272
IRS990ScheduleD/EquipmentGrp/BookValueAmt010232
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt010232
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt075734
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt015146
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt090880
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04676
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt07405
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt012081
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0605605
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Ani Art Academies Waichulis (the "School") admits students of any race, color, national and ethnic origin, gender, sexual orientation, sexual preference, culture and religion, or with any disability, to all of the rights, privileges, programs and activities generally accorded or made available to the School's students. The School does not discriminate on the basis of race, color, national or ethnic origin, gender, sexual orientation, sexual preference, culture, religion and disability in administration of its educational policies, admissions policies, scholarship, loan and other financial aid programs, and arts and other School-administered programs.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I - LINE 3
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0365096
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt1908854
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Central America and the Caribbean
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1East Asia and the Pacific
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0TECHNICAL ART SCHOOLS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1TECHNICAL ART SCHOOLS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Program Services
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1Program Services
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0365096
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt1908854
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0grant
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt1grant
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0Central America and the Caribbean
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt1East Asia and the Pacific
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalSpentAmt01273950
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0The organization requires that the grant recipients maintain accurate, up to date financial records detailing the use of any grants provided. These records are reviewed by the organizations directors on a regular basis and any concerns are communicated to the grant recipients and remedied.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I - QUESTION 2
IRS990ScheduleF/TotalSpentAmt01273950
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt01
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0fmv
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt01756651
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION PLANS TO ESTABLISH OVER THE NEXT TEN YEARS IN AS MANY AS TWENTY COUNTRIES TECHNICAL ART SCHOOLS THAT WILL FOSTER THE TALENTS AND INTERESTS OF ADULTS IN THOSE COUNTRIES. EACH OF THESE SCHOOLS WILL HAVE ITS OWN REGULAR STUDENT BODY, FACILITY, AND REGULAR CURRICULUM AND A FACULTY. ADMISSION TO THE FOUNDATION'S SCHOOLS WILL BE OPEN TO INTERESTED STUDENTS. ALL STUDENTS WILL ATTEND THE FOUNDATIONS SCHOOLS FREE OF CHARGE. THE FOUNDATION WILL ENDEAVOR TO ENSURE THAT THE STUDENT BODY AT ITS SCHOOLS INCLUDE PERSONS FROM VARIOUS DEMOGRAPHIC AND GEOGRAPHIC AREAS AND AT ALL TIMES THE FACULTY AND STUDENTS WILL BE CHOSEN WITHOUT REGARD TO GENDER, RACE, CULTURE, RELIGION OR NATIONAL ORIGIN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION ANTICIPATES ESTABLISHING SCHOOLS IN UNDERDEVELOPED AND DEVELOPING NATIONS WITH INITIAL PROJECTS IN ANGUIILA, DOMINCAN REPUBLIC, SRI LANKA, AND THAILAND. THE FOUNDATION'S SCHOOLS WILL OFFER AN INTENSIVE, MUTI-YEAR CURRICULUM FOR TEACHING AND TRAINING COURSES IN PAINTING, DRAWING AND OTHER ART TECHNIQUES. TECHNICAL ART SCHOOL - (WEICHULIS - 25 STUDENTS) TECHNICAL ART SCHOOL - (DOMINICAN REPUBLIC - 35 STUDENTS) TECHNICAL ART SCHOOL - (ANGUILLA - 15 STUDENTS)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CASEY HALEY (DIRECTOR/OFFICER) AND TIM REYNOLDS, THE FOUNDER (DIRECTOR/OFFICER), ARE SIBLINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 WILL BE REVIEWED BY A BOARD MEMBER PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS COMPLIANCE WITH THE POLICY BY REQUIRING ANNUAL DISCLOSURE OF INTERESTS THAT COULD GIVE RISE TO CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION DOES MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III - LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART III - LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI, SECTION A. - QUESTION 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART VI, SECTION B. - QUESTION 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART VI, SECTION B. - QUESTION 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART VI, SECTION C. - QUESTION 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0THE FDN
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0ANI ART ACADEMY WAICHULIS
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1ANI ART ACADEMI AMERICA LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0272997311
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN1810830328
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt034262
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt122745
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0PA
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1NJ
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0ART SCHOOL
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1ART SCHOOL
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt01100 PITTSTON BLVD
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt12711 CENTERVILLE ROAD 400
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0BREAK CREEK TOWNSHIP

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,014,644
Liabilities
$10,112
Net assets
$11,004,532
Revenue
$2,141,186
Expenses
$1,647,897
Net income
$493,289
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$17.6$0.00$17.6$0.84$3.26$2.42
2023Detailed filing. Detailed filing data is available for this year.$20.0$0.00$20.0$8.12$2.06$6.06
2022Detailed filing. Detailed filing data is available for this year.$13.9$0.00$13.9$0.25$1.32$1.06
2021Detailed filing. Detailed filing data is available for this year.$15.3$0.00$15.3$0.53$1.21$0.68
2020Detailed filing. Detailed filing data is available for this year.$16.3$0.02$16.2$7.61$0.98$6.63
2019Detailed filing. Detailed filing data is available for this year.$10.1$0.00$10.1$0.48$0.95$0.47
2018Detailed filing. Detailed filing data is available for this year.$10.1$0.00$10.1$0.07$1.11$1.18
2017Detailed filing. Detailed filing data is available for this year.$11.3$0.02$11.3$1.66$0.97$0.69
2015Detailed filing. Detailed filing data is available for this year.$11.0$0.01$11.0$2.14$1.65$0.49
2014Detailed filing. Detailed filing data is available for this year.$10.5$0.01$10.5$0.00$1.54$1.54