Merchant And Ivory Foundation Ltd in New York, New York (NY)

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Merchant And Ivory Foundation Ltd
Employer Identification Number (EIN)133607890
Name of OrganizationMerchant And Ivory Foundation Ltd
In Care of NameJames Ivory
Address90 Broad Street Suite 2201, New York, NY 10004
ActivitiesDescribed in section 170(b)1)(a)(vi) of the Code, Producing films
SubsectionCharitable Organization
Ruling Date11/2013
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2009
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$464,695
Amount of Income$98,905
Form 990 Revenue Amount$17,259
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Film, Video


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Amount of income in 2009: $98,905 (it was $28,563 in 2013)
Merchant And Ivory Foundation Ltd: 

 $98,905
Other organizations performing similar types of work: 

 $78,825

Assets in 2009: $464,695 (it was $464,695 in 2013)
This organization: 

 $464,695
Other organizations performing similar types of work: 

 $21,375

Expenses in 2013: $56,760
This organization: 

 $56,760
Other organizations performing similar types of work: 

 $72,967

Income to expenses ratio in 2013: 1.7
This organization: 

 1.7
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 88.1%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$28,563$28,563$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$9
Dividends and interest from securities$7,276
Gross rents$0
Gross sales price for all assets$91,620
Gross profit from sales of goods$0
Other income$0
Other$21,278
Total expenses and disbursements$56,760$25,760$0$31,000
Compensation of officers, directors, trustees, etc.$0
Pension plans, employee benefits$0
Legal fees$13,291
Accounting fees$6,709
Interest$0
Depreciation$0
Occupancy$0
Travel, conferences, and meetings$0
Printing and publications$0
Total operating and administrative expenses$30,760$25,760$5,000
Contributions, gifts, grants paid$26,000
Excess of revenue over expenses and disbursements$-28,197
Net investment income$2,803
Adjusted net income$0
Balance Sheets
2009201120122013
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$559,685$509,398$492,892$464,695$521,399
Cash - non-interest-bearing$0
Investments-U.S. and state government obligations$0
Investments-corporate stock$0
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$176,679
Other assets$36,383
Total liabilities$0$0$0$0
Total liabilities and net assets/fund balances$464,695
Capital Gains and Losses for Tax on Investment Income
2009201120122013
Capital gain net income$21,278
Net capital loss$0
Excise Tax Based on Investment Income
2009201120122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$56
Total credits and payments$0
Any penalty for underpayment of estimated tax$0
Tax due$56
Overpayment$0
Amount to be credited to next year's estimated tax$0
Statements Regarding Activities
2009201120122013
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?No
Has the foundation engaged in any activities that have not previously been reported to the IRS?No
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?No
Has the foundation filed a tax return on Form 990-T for this year?NoNoNoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?Yes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?No
Did any persons become substantial contributors during the tax year?No
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?No
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?Yes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041No
Statements Regarding Activities for Which Form 4720 May Be Required
2009201120122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?No
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?No
Agree to pay money or property to a government official?No
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?No
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?No
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?No
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?No
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?No
Provide a grant to an individual for travel, study, or other similar purposes?No
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?No
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?No
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?No
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?No
Minimum Investment Return
2009201120122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$272,139
Net value of noncharitable-use assets$268,057
Minimum investment return$13,403
Distributable Amount
2009201120122013
Distributable amount$13,347
Undistributed Income
2009201120122013
Distributable amount for this year$13,347
Undistributed income for this year. This amount must be distributed in the next year$0
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
Supplementary Information (for 2013)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$9$0
Dividends and interest from securities$7,276$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Arts Engine Inc145 W 24th St Fl 3, New York, NY 10011-1977NY2000-11$2,561,362
2Omaha Film FestivalPO BOX 540730, Omaha, NE 68154-0730NE2007-01$149,096
3Northwest Documentary Arts & Media115 Sw Ash St Ste 620, Portland, OR 97204-3561OR2003-11$135,982
4Ghetto Film School IncPO BOX 1580, Bronx, NY 10459-1160NY2000-11$1,302,189
5Maysles Institute Inc343 Malcolm X Blvd, New York, NY 10027-3933NY2006-08$803,617
6New York International Childrens Film Festival Inc225 Broadway Ste 2610, New York, NY 10007-3092NY2006-03$574,619
7Harmony Institute Inc270 Madison Ave, New York, NY 10016-0601NY2009-02$568,004
8Cinereach Ltd599 Lexington Ave, New York, NY 10022-6030NY2006-03$449,746
9Epidavros Project Inc143 W 20th Street Suite 11sn, New York, NY 10011-3630NY1997-02$336,970
10Metropolitan Club Foundation Inc49 Knollwood Rd, Elmsford, NY 10523-2821NY1996-11$328,045
11Project Rebirth Inc163 William St 4th Flr, New York, NY 10038-2602NY2003-01$314,979
12No Strings Inc1158 Fifth Ave 6b, New York, NY 10029NY2008-07$284,929
13Hudson West Productions Inc6 Glengary Road, Croton On Hudson, NY 10520NY1990-09$227,112
14Cine Qua Non Inc1025 Purchase St, Purchase, NY 10577-2614NY1995-05$222,372
15Rochester Lesbian & Gay Film & Video Festival Inc274 North Goodman Street, Rochester, NY 14607-1154NY1996-10$138,916
16Imagenation Film Festival Inc303a W 145th St, New York, NY 10039NY2007-10$106,138
17Cinema Tropical Inc611 Broadway Suite 386, New York, NY 10012-2608NY2003-10$101,568
18Merchant And Ivory Foundation Ltd90 Broad Street Suite 2201, New York, NY 10004NY2013-11$98,905
19Moon And Stars Project IncPO BOX 4814, New York, NY 10185-4814NY2004-04$93,300
20African Diaspora Film Festival Inc535 Catheral Parkway, New York, NY 10025-2086NY2008-10$85,537
Number of organizations performing similar types of work
Alaska1
Alabama6
Arkansas5
Arizona21
California384
Colorado40
Connecticut21
District of Columbia28
Delaware3
Florida68
Georgia27
Hawaii13
Iowa9
Idaho7
Illinois62
Indiana10
Kansas12
Kentucky8
Louisiana9
Massachusetts54
Maryland38
Maine9
Michigan28
Minnesota20
Missouri14
Mississippi7
Montana5
North Carolina26
Nebraska5
New Hampshire6
New Jersey31
New Mexico21
Nevada14
New York174
Ohio16
Oklahoma9
Oregon27
Pennsylvania34
Rhode Island10
South Carolina13
South Dakota2
Tennessee15
Texas68
Utah16
Virginia32
Vermont10
Washington30
Wisconsin11
West Virginia2
Wyoming4
International2
Total1,487

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