Civic Intelligence

The Tim Reynolds Foundation

990 • Fiscal year 2017 • EIN 36-4668111

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 15, 2018

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.

2017 filings • NTEE B • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

8th percentile

0.01x

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

2017 filings • NTEE B • $10M-$25M nonprofits • Source year 2017

Net Margin

91st percentile

41%

Higher net margin than 91% of similar nonprofits.

2017 filings • NTEE B • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2017 filings • NTEE B • $10M-$25M nonprofits • Source year 2017

Asset Growth

41st percentile

1.3%

Faster asset growth than 41% of similar nonprofits.

2017 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2015 to 2017

Revenue Growth

13th percentile

-12%

Faster revenue growth than 13% of similar nonprofits.

2017 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2015 to 2017

Balance Sheet
Liabilities / Assets8th percentile

Assets

Up

$11,298,849

Up $284,205 (+2.6%) from 2015

Net Assets

Up

$11,283,358

Up $278,826 (+2.5%) from 2015

Liabilities

Up

$15,491

Up $5,379 (+53%) from 2015

Revenue And Expenses
Liabilities / Revenue8th percentileNet Margin91st percentile

Revenue

Down

$1,664,580

Down $476,606 (-22%) from 2015

Expenses

Down

$974,734

Down $673,163 (-41%) from 2015

Net Income

Up

$689,846

Up $196,557 (+40%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth41st 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

2017

Assets$11,298,849
Liabilities$15,491
Net Assets$11,283,358
Open 2017 Filing

Operations Trend

Revenue Growth13th 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

2017

Revenue$1,664,580
Expenses$974,734
Net Income$689,846
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.3
Gross Receipts
$1,664,580
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$4,154,098$8,293,477▲ $4,139,379
Investments in Publicly Traded Securities$1,009,895$1,523,070▲ $513,175
Land, Buildings, and Equipment, Net$912,957$912,957→ $0
Cash and Non-Interest-Bearing Accounts$453,213$434,283▼ $18,930
Other Notes and Loans Receivable, Net$4,000,000$130,000▼ $3,870,000
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$10,535,225$11,298,849▲ $763,624
Other Assets Total$5,062$5,062→ $0
Liabilities
Accounts Payable and Accrued Expenses$11,541$15,491▲ $3,950
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$11,541$15,491▲ $3,950
Net Assets / Fund Balance
Unrestricted Net Assets$10,523,684$11,283,358▲ $759,674
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$10,523,684$11,283,358▲ $759,674
Total Liabilities and Net Assets / Fund Balance$10,535,225$11,298,849▲ $763,624

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$827,713$275,738$1,103,451
Leasehold Improvements$72,704$18,176$90,880
Other Land Buildings$2,308$9,773$12,081
Equipment$10,232-$10,232
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
Casey HaleyDirector
Joe GoodwinDirector
Tim ReynoldsFounder/director
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$1,664,580
Other Revenue
$0
Change in Net Assets
$689,846
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$527,941
Other Expenses$249,904
Salaries, Compensation, and Employee Benefits$196,889
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$527,941--$527,941
Other Salaries and Wages$36,965$123,753-$160,718
Occupancy$86,123$4,533-$90,656
Depreciation Depletion-$74,827-$74,827
Office Expenses$60,264$3,172-$63,436
Payroll Taxes$5,920$19,818-$25,738
Other Employee Benefits$2,400$8,033-$10,433
Travel-$6,268-$6,268
Information Technology-$5,895-$5,895
Insurance$1,725$91-$1,816
Fees for Services Legal-$1,588-$1,588
Advertising-$869-$869
Other Expenses-$676-$676
Fees for Services Other$155$8-$163
Total Functional Expenses$721,493$253,241$0$974,734
International Activity

International Summary

Offices
5
Employees
7
Spending
$657,941

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
Central America and the CaribbeanProgram ServicesTechnical Art Schools24$427,193
East Asia and the PacificProgram Servicestechnical art schools11$123,826
South AsiaProgram Servicestechnical art schools22$106,922
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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 a - question 8b the foundation does not have commitee's with the authority to act on behalf of the governing body.”

Part VI, Section B. - Question 11B

“The form 990 will be reviewed by a board member prior to filing. The form 990 is provided to the full board prior to submission to the internal revenue service.”

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
James J Reilly
Title
accountant
Phone
2126617777
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tim Reynolds
Formed
2010
Legal Domicile
De
Voting Board Members
3
Independent Board Members
3
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 - 35 students) technical art school - (dominican republic - 35 students) technical art school - (anguilla - 15 students)”

Raw XML AppendixShowing 400 of 549 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/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0TIM REYNOLDS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0456771
IRS990/PYInvestmentIncomeAmt0457012
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0298442
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-480848
IRS990/PYSalariesCompEmpBnftPaidAmt0182647
IRS990/PYTotalExpensesAmt0937860
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0457012
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0689846
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04154098
IRS990/SavingsAndTempCashInvstGrp/EOYAmt08293477
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0827713
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0275738
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01103451
IRS990ScheduleD/EquipmentGrp/BookValueAmt010232
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt010232
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt072704
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt018176
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt090880
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02308
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt09773
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt012081
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0912957
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, Ani Art Academy Dominican Republic, Ani Art School Thailand (the "Schools") admit 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 Schools do not discriminate on the basis of race, color, national or ethnic origin, gender, sexual orientation, sexual preference, culture, religion and disability in administration of their 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/EmployeeCnt04
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt11
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt22
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt02
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt11
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt22
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0427193
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt1123826
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt2106922
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Central America and the Caribbean
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1East Asia and the Pacific
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt2South Asia
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0TECHNICAL ART SCHOOLS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1technical art schools
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt2technical art schools
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Program Services
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1Program Services
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt2Program Services
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0297193
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt1123826
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt2106922
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0grant
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt1grant
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt2GRANT
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0Central America and the Caribbean
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt1East Asia and the Pacific
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt2South Asia
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalEmployeesCnt07
IRS990ScheduleF/SubtotalOfficesCnt05
IRS990ScheduleF/SubtotalSpentAmt0657941
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/Total501c3OrgCnt03
IRS990ScheduleF/TotalEmployeeCnt07
IRS990ScheduleF/TotalOfficeCnt05
IRS990ScheduleF/TotalSpentAmt0657941
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990/ScheduleJRequiredInd0false
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 - 35 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. PART VI, SECTION A - QUESTION 8B THE FOUNDATION DOES NOT HAVE COMMITEE'S WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 WILL BE REVIEWED BY A BOARD MEMBER PRIOR TO FILING. THE FORM 990 IS PROVIDED TO THE FULL BOARD PRIOR TO SUBMISSION TO THE INTERNAL REVENUE SERVICE.
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/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0THE FDN
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1THE FDN
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0ANI ART ACADEMY WAICHULIS
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1ANI ART ACADEMI AMERICA LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0272997311
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN1810830328
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt0371048
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt1473277
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
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm1WILLMINGTON
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0PA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd1DE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd018702
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd119808
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,298,849
Liabilities
$15,491
Net assets
$11,283,358
Revenue
$1,664,580
Expenses
$974,734
Net income
$689,846
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