Nonprofit · EIN 51-0166808
AMERICAN FOUNDATION FOR THE ARTS INCORPORATED
Tax-exempt · MIAMI, FL 33138
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $263,474 | $167,685 | $95,789 | $228,240 | $14,053 | $214,187 |
| December 31, 2023 | 990-PF | -$69,851 | $32,284 | -$102,135 | $146,914 | $63,043 | $83,871 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $254,721
- Dividends
- $1,511
- Net gain from sales of assets
- $7,241
- Other income
- $1
Expenses
- Grants and similar amounts paid
- $88,555
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Disbursements for charitable purposes
- $89,110
- Excise tax on investment income
- $54
Balance sheet and other
- Total assets, start of year
- $146,914
- Total assets, end of year
- $228,240
- Total liabilities, end of year
- $14,053
- Net assets, end of year
- $214,187
- Fair market value of assets
- $228,140
- Qualifying distributions
- $89,110
- Net investment income
- $8,113
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Richard Levine 4000 Towerside Terr 1902, Miami, FL 33138 | P D Mgr T | 1.92 | $0 |
| Alfredo Gonzalez 4000 Towerside Terr, Part Year, Miami, FL 33138 | Ceased | 1.92 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Richard Levine 4000 Towerside Terr 1902, Miami, FL 33138 | P D Mgr T | 1.92 | $0 |
| Alfredo Gonzalez 4000 Towerside Terr 2212, Miami, FL 33138 | VP D | 1.92 | $0 |
| Veronica Zarco 939 West 47th Ct, Miami Beach, FL 33140 | S D | 0.01 | $0 |
| Troy Abbott 13831 SW 232nd St, Miami, FL 33170 | T D | 0.01 | $0 |
Address and contacts
- Address (IRS master file)
- 4000 TOWERSIDE TER C/O R LEVINE, MIAMI, FL 33138-2235
- In care of
- % RICHARD LEVINE PRESIDENT
- Signed the 990-PF
- Richard, Levine
- Phone
- (786) 877-2843
- Return prepared by
- GARY N FEDER CPA PA
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 51-0166808
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 1976
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $228,240
- Income (IRS master file)
- $3,078,686
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $263,474 | $167,685 | $228,240 | XML |
| 990-PF | December 2023 | -$69,851 | $32,284 | $146,914 | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 51-0166808).
Questions about AMERICAN FOUNDATION FOR THE ARTS INCORPORATED
- What is the EIN of AMERICAN FOUNDATION FOR THE ARTS INCORPORATED?
- The employer identification number (EIN) of AMERICAN FOUNDATION FOR THE ARTS INCORPORATED is 51-0166808.
- Is AMERICAN FOUNDATION FOR THE ARTS INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1976.
- Are donations to AMERICAN FOUNDATION FOR THE ARTS INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does AMERICAN FOUNDATION FOR THE ARTS INCORPORATED file?
- Form 990-PF. Private foundations file every year.
- When is the next return of AMERICAN FOUNDATION FOR THE ARTS INCORPORATED due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AMERICAN FOUNDATION FOR THE ARTS INCORPORATED last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of AMERICAN FOUNDATION FOR THE ARTS INCORPORATED?
- The 990-PF for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does AMERICAN FOUNDATION FOR THE ARTS INCORPORATED have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $263,474, expenses of $167,685 and total assets of $228,240 at year end.
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