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Nonprofiteer
← PRENTICE AND PAUL SACK PHOTOGRAPHIC TRUST

Form 990 for tax year 2023

Filed by PRENTICE AND PAUL SACK PHOTOGRAPHIC TRUST.

Totals

Total revenue
$58,496
Total expenses
$61,732
Contributions and grants received
$58,496
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$7,852,241
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$7,852,241
Program services expenses (Part IX)
$49,106
Management and general expenses
$12,626
Fundraising expenses
$0
Program service expenses (Part III)
$49,106

Program services were 79.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $58,496

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $2,863 · management and general $2,863

  • 13 · Office expenses

    total $3,139 · management and general $3,139

  • 22 · Depreciation, depletion and amortization

    total $1,396 · program services $1,396

  • 24a · Other expenses: COLLECTION INSURANCE

    total $26,396 · program services $26,396

  • 24b · Other expenses: COLLECTION PROFESSIONAL

    total $18,340 · program services $18,340

  • 24c · Other expenses: COLLECTION OTHER SERVIC

    total $6,600 · management and general $6,600

  • 24d · Other expenses: COLLECTION SECURITY

    total $2,974 · program services $2,974

  • 24e · All other expenses

    total $24 · management and general $24

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,210 · end of year $2,370

  • 10a · Land, buildings and equipment: cost or other basis

    $58,392

  • 10b · Land, buildings and equipment: accumulated depreciation

    $26,881

  • 10c · Land, buildings and equipment, net

    beginning of year $32,907 · end of year $31,511

  • 15 · Other assets

    beginning of year $7,818,360 · end of year $7,818,360

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $7,855,477 · end of year $7,852,241

Mission and programs · 2023

Mission

TO HOLD, ADMINISTER AND DISTRIBUTE THE ASSETS THAT COMPRISE THE TRUST ESTATE FOR THE BENEFIT OF, AND TO CARRY OUT THE PURPOSES OF, THE SAN FRANCISCO MUSEUM OF MODERN ART.

Activities or mission (Part I)

TO HOLD AND ADMINISTER THE TRUST ASSETS FOR THE BENEFIT OF SAN FRANCISCO MUSEUM OF MODERN ART.

  • CARE AND MAINTENANCE OF COLLECTION INCLUDING SAFETY AND SECURITY, CONSERVATION, AND PREPARATION FOR DISPLAY. CREATE INVENTORY OF COLLECTION AND ESTABLISH A TEXT AND IMAGE DATABASE OF THE WORKS IN THE TRUST.

    Expenses $49,106 · Revenue $58,496

As filed on the 2023 return.

Listed in Part VII

  • Paul Sack

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Christopher Bedford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
5 November 2024
IRS schema version
2023v5.1
Source object
202403199349317605

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