Arcus Operating Foundation in New York, New York (NY)

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Arcus Operating Foundation
Employer Identification Number (EIN)261504481
Name of OrganizationArcus Operating Foundation
Address44 W 28th St Fl 17, New York, NY 10001-4212
SubsectionCharitable Organization, Educational Organization
Ruling Date02/2008
DeductibilityContributions are deductible
FoundationPrivate operating foundation (other)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$1,000,000 to $4,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$3,871,037
Amount of Income$2,254,105
Form 990 Revenue Amount$508,517
National Taxonomy of Exempt Entities (NTEE)Civil Rights, Social Action, Advocacy: Lesbian, Gay Rights


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Amount of income in 2013: $2,254,105 (it was $36,565 in 2012)
Arcus Operating Foundation: 

 $2,254,105
Other organizations performing similar types of work: 

 $82,486

Assets in 2013: $3,871,037 (it was $6,093,278 in 2012)
This organization: 

 $3,871,037
Other organizations performing similar types of work: 

 $27,855

Expenses in 2013: $2,215,639
Arcus Operating Foundation: 

 $2,215,639
Other organizations performing similar types of work: 

 $96,135

Income to expenses ratio in 2013: 1.0
Arcus Operating Foundation: 

 1.0
Other organizations performing similar types of work: 

 1.2

Grants share in income in 2013: 17.1%
Arcus Operating Foundation: 

 17.1%
Other organizations performing similar types of work: 

 86.1%

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$61,706$51,685$51,685
Contributions, gifts, grants, etc., received$10,538
Interest on savings and temporary cash investments$33
Dividends and interest from securities$51,652
Gross rents$0
Gross sales price for all assets$2,191,882
Gross profit from sales of goods$0
Other income$0
Total expenses and disbursements$2,215,639$13,962$13,962$2,252,770
Compensation of officers, directors, trustees, etc.$73,708
Pension plans, employee benefits$182,788
Legal fees$7,992
Accounting fees$27,103
Interest$0
Depreciation$0
Occupancy$144,035
Travel, conferences, and meetings$253,656
Printing and publications$100,854
Total operating and administrative expenses$2,215,639$13,962$1,852,770
Contributions, gifts, grants paid$0
Excess of revenue over expenses and disbursements$-2,153,933
Net investment income$37,723
Adjusted net income$37,723
Balance Sheets
201120122013
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$7,853,644$7,853,644$6,093,278$6,093,278$3,871,037$3,871,037
Cash - non-interest-bearing$492,280$120,479$132,170
Investments-U.S. and state government obligations$0$0$0
Investments-corporate stock$0$0$0
Investments-corporate bonds$0$0$0
Investments-mortgage loans$0$0$0
Investments-other$0$5,801,401$3,602,197
Other assets$7,518$38,199
Total liabilities$500,394$790,350$728,847
Mortgages and other notes payable$0$0$0
Other liabilities$546,368$420,529
Total liabilities and net assets/fund balances$7,353,250$5,302,928$3,142,190
Capital Gains and Losses for Tax on Investment Income
201120122013
Capital gain net income$507,719$0$0
Net capital loss$0$0$-517
Excise Tax Based on Investment Income
201120122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNo
Tax based on investment income$106,050$731$377
Total credits and payments$174,892$68,842$68,111
Current year estimated tax payments and previous year's overpayment credited to current year$174,892$68,842$68,111
Exempt foreign organizations-tax withheld at source$0$0$0
Tax paid with application for extension of time to file (Form 8868)$0$0$0
Backup withholding erroneously withheld$0$0$0
Any penalty for underpayment of estimated tax$0$0$0
Tax due$0$0
Overpayment$68,111$67,734
Amount to be credited to next year's estimated tax$68,842$68,111$17,734
Statements Regarding Activities
201120122013
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?NoNoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNo
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?NoNo
Has the foundation filed a tax return on Form 990-T for this year?NoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?YesYes
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?YesYesYes
Did any persons become substantial contributors during the tax year?NoNo
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNo
Statements Regarding Activities for Which Form 4720 May Be Required
201120122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?YesYesYes
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?YesYesYes
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNo
Agree to pay money or property to a government official?NoNoNo
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?NoNo
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?NoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNoNo
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?NoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNoNo
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?NoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNo
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?NoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNoNo
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)?NoYesYes
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNo
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?NoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
Minimum Investment Return
201120122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$9,085,441$6,602,462$5,101,287
Net value of noncharitable-use assets$6,503,425$5,024,768
Minimum investment return$447,458$325,171$251,238
Distributable Amount
201120122013
Distributable amount$0$0$0
Undistributed Income
201120122013
Distributable amount for this year$0$0$0
Undistributed income for this year. This amount must be distributed in the next year$0$0$0
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
The lesser of the adjusted net income or the minimum investment return$37,723$36,565$447,458$596,023$1,117,769
Qualifying distributions made directly for active conduct of exempt activities$1,852,770$1,508,706$2,228,834$3,915,267$9,505,577
Value of all assets$1$0$0$0$1
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$167,492$216,781$298,305$397,349$1,079,927
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$33$0
Dividends and interest from securities$51,652$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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3Sage-Upstate431 E Fayette St, Syracuse, NY 13202-1919NY2002-04$200,789
4Men Having Babies Inc6151 Tyndall Ave, Riverdale, NY 10471-1118NY2014-03$153,908
5Red Umbrella Project Inc101 W 23rd St Num 351, New York, NY 10011NY2014-05$99,874
6Consortium Of Higher Education Lgbt Resource Professionals280 Madison Ave Rm 912, New York, NY 10016-0801NY2014-07$67,708
7Trans Bodies Trans Selves Inc564 1st Ave, New York, NY 10016-6482NY2013-12$26,125
8Out Impact28 St James Pl Ste 4-A, Brooklyn, NY 11205-5013NY2010-10$1,206
9Project Toasty IncPO BOX 280154, Brooklyn, NY 11228-0154NY2013-07$790
10American Friends Of Tehila Inc304 Park Ave S Ste 206, New York, NY 10010-4327NY2010-03$0
11Boogie Down Pride Committee Inc917 Ogden Avenue, Bronx, NY 10452NY2007-08$0
12Brainpower Research And Development Services Inc277 Van Cortlandt Avenue East 3f, Bronx, NY 10467NY2010-03$0
13Dartmouth Gay And Lesbian Alumni-Ae Association Inc60 West 66th Street Apt 14-H, New York, NY 10023NY1998-01$0
14Day To Be Gay FoundationPo Box 188, Bethel, NY 12720NY2004-11$0
15Depressed Black Gay Men Dbgm Inc517 West 169th Street Suite 63, New York, NY 10032NY2013-10$0
16Equal Ground Usa Inc2300 Fredrick Douglass Blvd Apt 10d, New York, NY 10027-5087NY2014-10$0
17Equality Project62 Pierrepont St Apt 3c, Brooklyn, NY 11201-2433NY2000-01$0
18Fashion On GenderJaf Station Po Box 206, New York, NY 10116NY2008-08$0
19Gay Male Rights Project100 Arden Street, New York, NY 10040NY2014-09$0
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Number of organizations performing similar types of work
Alaska1
Alabama3
Arkansas2
Arizona9
California84
Colorado14
Connecticut7
District of Columbia17
Delaware6
Florida36
Georgia20
Hawaii3
Iowa5
Idaho2
Illinois14
Indiana9
Kansas4
Kentucky4
Louisiana6
Massachusetts20
Maryland8
Maine2
Michigan18
Minnesota10
Missouri11
Mississippi2
Montana1
North Carolina18
Nebraska3
New Hampshire2
New Jersey13
New Mexico2
Nevada2
New York55
Ohio15
Oklahoma4
Oregon9
Pennsylvania17
Rhode Island2
South Carolina3
Tennessee8
Texas27
Utah5
Virginia8
Vermont2
Washington19
Wisconsin14
West Virginia5
International2
Total553

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