Skip to content
Nonprofiteer
← PRENTICE AND PAUL SACK PHOTOGRAPHIC TRUST

Form 990 for tax year 2025

Filed by PRENTICE AND PAUL SACK PHOTOGRAPHIC TRUST.

Totals

Total revenue
$5,873,443
Total expenses
$60,353
Contributions and grants received
$5,873,443
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$13,665,106
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$13,665,106
Program services expenses (Part IX)
$51,667
Management and general expenses
$8,686
Fundraising expenses
$0
Program service expenses (Part III)
$51,667

Program services were 85.6% 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

    $5,873,443

  • 1g · Noncash contributions included above

    $5,816,000

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $3,760 · management and general $3,760

  • 13 · Office expenses

    total $4,876 · management and general $4,876

  • 22 · Depreciation, depletion and amortization

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

  • 24a · Other expenses: COLLECTION INSURANCE

    total $31,443 · program services $31,443

  • 24b · Other expenses: COLLECTION PROFESSIONAL

    total $14,400 · program services $14,400

  • 24c · Other expenses: COLLECTION SECURITY

    total $4,428 · program services $4,428

  • 24d · Other expenses: STATE FILING FEE

    total $50 · management and general $50

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,541 · end of year $2,027

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

    $58,392

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

    $29,673

  • 10c · Land, buildings and equipment, net

    beginning of year $30,115 · end of year $28,719

  • 15 · Other assets

    beginning of year $7,818,360 · end of year $13,634,360

  • 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 $7,852,016 · end of year $13,665,106

Mission and programs · 2025

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 $51,667

As filed on the 2025 return.

Listed in Part VII

  • PAUL SACK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • CHRISTOPHER BEDFORD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • ERIN O'TOOLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

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
2025
IRS schema version
2025v4.2
Source object
202612519349301131

The source document this was parsed from is served over the API, which is where bulk and document access live.