2024-02-14T12:08:25-06:00 2023-03-31 134149326 GELLER & COMPANY LLC PO BOX 1510 NEW YORK NY 10150 990 2022-04-01 472264962 SERPENTINE AMERICAS FOUNDATION FKA AMERICAS FOUNDATION OF THE SERPENTINE GA AMER 2125836001 CO GELLER COMPANY PO BOX 1510 NEW YORK NY 10150 DIANA CARROLL TOOLE PRESIDENT 6465159225 2024-02-13 1 DIANA CARROLL TOOLE XXX-XX-XXXX 0 JOSEPH KLUEMPER P00739411 2125836001 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DIANA CARROLL TOOLE PO BOX 1510 NEW YORK NY 10150 1836053 0 X WWW.SERPENTINEAMERICAS.ORG X 2014 DE SERPENTINE AMERICAS FOUNDATION ("SAF") WAS FORMED FOR THE PURPOSE OF HELPING MAKE ART, ARCHITECTURE AND DESIGN ACCESSIBLE TO ALL SECTORS OF THE GLOBAL COMMUNITY. 10 10 0 0 0 0 1163300 1814803 18700 21250 0 0 0 0 1182000 1836053 840000 1405000 0 0 36000 46455 0 0 0 208988 266830 1084988 1718285 97012 117768 100435 220482 0 2279 100435 218203 X SERPENTINE AMERICAS FOUNDATION ("SAF") WAS FORMED FOR THE PURPOSE OF HELPING MAKE ART, ARCHITECTURE AND DESIGN ACCESSIBLE TO ALL SECTORS OF THE GLOBAL COMMUNITY. SAF WORKS TO ACHIEVE THIS PURPOSE PRIMARILY BY PROVIDING SUPPORT AND ASSISTANCE, THROUGH THE MAKING OF GRANTS, TO THE SERPENTINE TRUST, WHICH IS A TAX EXEMPT ORGANIZATION IN THE UNITED KINGDOM THAT OWNS AND OPERATES THE SERPENTINE GALLERIES. SAF FOCUSES ON FUNDRAISING IN THE UNITED STATES AND ACROSS THE AMERICAS TO SUPPORT THE SERPENTINE TRUST OR SIMILAR ORGANIZATIONS DEDICATED TO THE PUBLIC APPRECIATION OF THE ARTS. 0 0 1522231 1405000 1836053 SERPENTINE AMERICAS FOUNDATION RAISED FUNDS FROM APPROXIMATELY 59 DONORS TO SUPPORT ITS MISSION OF HELPING MAKE ART ACCESSIBLE TO A WIDER COMMUNITY. IT USED THOSE FUNDS TO ISSUE GRANTS TO THE SERPENTINE TRUST, WHICH IS A TAX-EXEMPT ORGANIZATION IN THE UNITED KINGDOM THAT OWNS AND OPERATES THE SERPENTINE GALLERIES. GRANTS MADE WERE IN SUPPORT OF MULTIPLE PROGRAMS, INCLUDING SERPENTINE'S 2022 PAVILION BY THEASTER GATES AND AN EXHIBITION SHOWCASING THE WORK OF BARBARA CHASE-RIBOUD. 1522231 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 3 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 DE NY X ELZBIETA SZAFRAN-BODZIONY CO GELLER & COMPANY 2125836000 PO BOX 1510 NEW YORK NY 10150 SARAH ARISON DIRECTOR 0.10 X 0 0 0 ROBIN SAUNDERS DIRECTOR, VICE PRESIDENT, TREASURER 4/1/2-5/18/22 0.10 X X 0 0 0 MARINA ABRAMOVIC DIRECTOR 0.10 X 0 0 0 RIRKRIT TIRAVANIJA DIRECTOR 0.10 X 0 0 0 ABIGAIL BARATTA DIRECTOR, TREASURER (EFF. 5/18/22) 0.10 X X 0 0 0 AMANDA WALDRON DIRECTOR 0.10 X 0 0 0 TED VASSILEV DIRECTOR 0.10 X 0 0 0 KASSEEM DEAN DIRECTOR 0.10 X 0 0 0 SUSAN DANILOW BOARD CHAIR 7.00 X 0 0 0 DEBRA AUGUST DIRECTOR (EFF. 11/18/22) 0.10 X 0 0 0 DIANA CARROLL TOOLE PRESIDENT (EFF. 5/18/22), SECRETARY 25.00 X 46455 0 0 46455 0 0 0 0 0 1 0 256975 1557828 36304 1814803 MEMBERSHIP DUES BENEFI 711190 21250 21250 21250 1836053 0 0 21250 1405000 1405000 46455 46455 184148 184148 534 534 64231 63681 550 7590 7590 DIGITAL MEDIA AND WEBSI 7095 7095 BANK, FILING FEES AND P 3232 3232 1718285 1522231 196054 0 89175 23822 11260 196660 100435 220482 0 2279 0 2279 X 100435 21543 0 196660 100435 218203 100435 220482 117768 0 X X 0 1 X 1 0 X 648212 705630 781343 1163300 1814803 5113288 648212 705630 781343 1163300 1814803 5113288 1410583 3702705 5113288 0.72410 0.75000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 1841053 5000 5000 1836053 0 1836053 1723285 5000 5000 1718285 0 1718285 PART X, LINE 2: SAF IS A SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION UNDER SECTION 501 (A) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, IT IS NOT SUBJECT TO FEDERAL INCOME TAX. SAF IS ALSO EXEMPT FROM STATE AND LOCAL INCOME TAXES. INCOME GENERATED FROM ACTIVITIES UNRELATED TO SAF'S EXEMPT PURPOSE IS SUBJECT TO TAX UNDER INTERNAL REVENUE CODE SECTION 511. SAF DID NOT RECOGNIZE ANY UNRELATED BUSINESS INCOME TAX FOR THE TAX YEAR ENDED MARCH 31, 2023. SAF RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. 1 EUROPE GRANTS TO RECIPIENTS IN REGION N/A 1405000 0 0 0 0 0 0 1405000 0 1405000 EUROPE PROGRAM SUPPORT 1405000 WIRE TRANSFERS 0 N/A FMV 1 0 0 0 0 0 0 0 PART I, LINE 2: SERPENTINE AMERICAS FOUNDATION CLOSELY MONITORS THE ACTIVITIES OF GRANTEES TO ENSURE THAT GRANT FUNDS ARE USED FOR PROPER PURPOSES. IN ADDITION, THE ORGANIZATION'S GRANT POLICY REQUIRES GRANTEES TO FURNISH PERIODIC REPORTS DETAILING THE USE OF GRANT FUNDS. SERPENTINE AMERICAS FOUNDATION UNDERTAKES A PRELIMINARY SCREENING OF GRANT REQUESTS TO ENSURE THAT THEY CONFORM TO ITS GRANT POLICY. ANY CONFORMING GRANT REQUESTS ARE CONSIDERED FOR FUNDING BY THE PRESIDENT AND THE BOARD. IN CONSIDERING WHETHER TO FUND A GRANT REQUEST, THE BOARD TAKES INTO ACCOUNT THE DEGREE TO WHICH THE PROJECT TO BE FUNDED FURTHERS THE EXEMPT PURPOSES OF THE ORGANIZATION AND THE FINANCIAL CAPACITY OF THE ORGANIZATION. PART III ACCOUNTING METHOD: 0 0 0 0 0 0 0 0 0 DIANA CARROLL TOOLE PRESIDENT (EFF. 5/18/22), SECRETARY 0 0 0 0 46455 0 0 0 0 0 46455 0 0 0 PART VII SECTION A LINE 5 DTR ART HOLDINGS LLC PAID $36,000 TO DIANA CARROLL TOOLE FOR HER SERVICES AS PRESIDENT OF SERPENTINE AMERICAS FOUNDATION. X SAF EVENT EXPENSES (CATERING; ART HANDLING; ETC.) 1 36304 COST OF DONATED PROP 0 0 0 PART I, COLUMN (B): SERPENTINE AMERICAS FOUNDATION ("SAF") RECEIVED NON-CASH CONTRIBUTIONS IN THE FORM OF EVENT EXPENSES PAID ON BEHALF OF SAF BY ITS DONOR. THE NON-CASH CONTRIBUTIONS WERE VALUED AT THE COST OF THE DONATED PROPERTY, WHICH EQUALS THE TOTAL COST OF THE EVENT EXPENSES INCURRED BY THE DONOR. THESE EXPENSES INCLUDED CATERING AND ART HANDLING AMONGST OTHER EVENT EXPENSES. THE TOTAL EXPENSES PAID FOR THE HOSTED EVENT WERE GROUPED INTO ONE CONTRIBUTED ITEM REPRESENTING THE TOTAL FOR ALL RELEVANT EXPENSES. FORM 990, PART VI, SECTION A, LINE 8B THE BOARD OF DIRECTORS ELECTED THE AUDIT COMMITTEE, WHICH WAS ESTABLISHED ON NOVEMBER 18, 2022. THE AUDIT COMMITTEE ALONGSIDE THE BOARD EXERCISES OVERSIGHT OF THE EXTERNAL CPA'S AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PROVIDED TO THE GOVERNING BODY FOR REVIEW BEFORE THE RETURN IS SIGNED BY THE PRESIDENT AND FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ACCORDING TO SERPENTINE AMERICAS FOUNDATION BYLAWS, EACH COVERED PERSON SHALL COMPLETE A QUESTIONNAIRE CONCERNING CONFLICTS OF INTEREST EACH YEAR OF THEIR AFFILIATION WITH THE CORPORATION, DISCLOSING ANY ACTUAL, POTENTIAL, OR APPARENT CONFLICTS, AND AFFIRMING THAT THEY HAVE READ, UNDERSTAND, AND HAVE AND WILL CONTINUE TO ADHERE TO THE CONFLICT POLICY. THE QUESTIONNAIRES SHALL BE REVIEWED BY THE BOARD. THE BOARD WILL EVALUATE CONFLICT DISCLOSURES AND MAKE OTHER NECESSARY INQUIRIES TO DETERMINE THE EXTENT AND NATURE OF ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST AND, IF APPROPRIATE, INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE POTENTIALLY CONFLICTING INTEREST AND ALL MATERIAL FACTS, AND AFTER ANSWERING ANY QUESTIONS, THE INTERESTED PERSON SHALL RECUSE HIMSELF OR HERSELF FROM DELIBERATIONS AND VOTING RELATING TO THE MATTER AND SHALL REFRAIN FROM ATTEMPTING TO INFLUENCE OTHER DECISION-MAKERS RELATING TO THE MATTER. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST ADDRESSED TO THE ORGANIZATION IN CARE OF GELLER & COMPANY AS NOTED IN PART VI, SECTION C, QUESTION 20. PART XII, LINE 2C THE BOARD OF DIRECTORS ELECTED THE AUDIT COMMITTEE, WHICH WAS ESTABLISHED ON NOVEMBER 18, 2022. THE AUDIT COMMITTEE ALONGSIDE THE BOARD EXERCISES OVERSIGHT OF THE EXTERNAL CPA'S AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT.