Lila Acheson Wallace Fd For Metropolitan Museum Of Art in New York, New York (NY)

Lila Acheson Wallace Fd For Metropolitan Museum Of Art
Employer Identification Number (EIN)	133054412
Name of Organization	Lila Acheson Wallace Fd For Metropolitan Museum Of Art
Address	New York, NY 10016
Tax Period	2000
Asset Amount	$0
Amount of Income	$16,381,887
Form 990 Revenue Amount	$16,381,887
National Taxonomy of Exempt Entities (NTEE)	Arts, Culture and Humanities: Single Organization Support

Non-representatives - add comments:

Amount of income in 2000: $16,381,887

Lila Acheson Wallace Fd For Metropolitan Museum Of Art:	$16,381,887
Other organizations performing similar types of work:	$202,431

Assets in 2000: $0

Lila Acheson Wallace Fd For Metropolitan Museum Of Art:	$0
Other organizations performing similar types of work:	$442,684

Expenses in 2000: $446,553,527

Lila Acheson Wallace Fd For Metropolitan Museum Of Art:	$446,553,527
Other organizations performing similar types of work:	$108,984

Income to expenses ratio in 2000: 0.0

This organization:	0.0
Other organizations performing similar types of work:	3.4

Expenses allocated to program services in 2000: 99.4%

Lila Acheson Wallace Fd For Metropolitan Museum Of Art:	99.4%
Other organizations performing similar types of work:	86.2%

Grants share in income in 2000: 0.0%

This organization:	0.0%
Other organizations performing similar types of work:	35.8%

Financial snapshot for 2000 ($)

Revenue for 2000

Assets at end of 2000

Expenses for 2000

Income-Producing Activities for 2000

	2000
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$16,381,887
Contributions, gifts, grants, and similar amounts received	$0
Contributions to donor advised funds
Direct public support	$0
Indirect public support	$0
Government contributions (grants)	$0
Program service revenue including government fees and contracts	$0
Membership dues and assessments	$0
Interest on savings and temporary cash investments	$31,659
Dividends and interest from securities	$8,891,986
Net rental income or (loss)	$0
Gross rents	$0
Less: rental expenses	$0
Other investment income	$0
Gain or (loss) from sales of assets other than inventory	$7,458,242
Gross amount from sales of assets other than inventory	$15,170,086
Less: cost or other basis and sales expenses	$7,711,844
Net income or (loss) from special events and activities	$0
Gross revenue	$0
Less: direct expenses other than fundraising expenses	$0
Gross profit or (loss) from sales of inventory	$0
Gross sales of inventory, less returns and allowances	$0
Less: cost of goods sold	$0
Other revenue	$0
Total expenses	$446,553,527
Program services	$443,790,782
Management and general	$2,762,745
Fundraising	$0
Payments to affiliates	$0
Net assets or fund balances at end of year	$0
Excess or (deficit) for the year	$-430,171,640
Net assets or fund balances at beginning of year	$495,882,207
Other changes in net assets or fund balances	$-65,710,567

	Total	Program services	Management and general	Fundraising
Statement of Functional Expenses (for 2000)
Total functional expenses	$446,553,527	$443,790,782	$2,762,745	$0
Grants paid from donor advised funds
Other grants and allocations		$443,790,782
Specific assistance to individuals		$0
Benefits paid to or for members		$0
Compensation of current officers, directors, key employees, etc.	$0	$0	$0	$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above	$0	$0	$0	$0
Pension plan contributions not included above	$0	$0	$0	$0
Employee benefits not included above	$0	$0	$0	$0
Payroll taxes	$0	$0	$0	$0
Professional fundraising fees	$0	$0	$0	$0
Accounting fees	$18,750	$0	$18,750	$0
Legal fees	$0	$0	$0	$0
Supplies	$0	$0	$0	$0
Telephone	$0	$0	$0	$0
Postage and shipping	$49	$0	$49	$0
Occupancy	$0	$0	$0	$0
Equipment rental and maintenance	$0	$0	$0	$0
Printing and publications	$0	$0	$0	$0
Travel	$0	$0	$0	$0
Conferences, conventions, and meetings	$1,792	$0	$1,792	$0
Interest	$0	$0	$0	$0
Depreciation, depletion, etc.	$0	$0	$0	$0
Other expenses not covered above	$2,742,154	$0	$2,742,154	$0

	2000
Balance Sheets
Total assets	$428,464,964
Cash - non-interest-bearing	$0
Savings and temporary cash investments	$695,610
Accounts receivable less allowance for doubtful accounts	$0
Pledges receivable less allowance for doubtful accounts	$0
Grants receivable	$0
Receivables from current and former officers, directors, trustees, and key employees	$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts	$0
Inventories for sale or use	$0
Prepaid expenses and deferred charges	$277
Investments - publicly-traded securities
Investments - other securities	$427,766,802
Investments - land, buildings, and equipment less accumulated depreciation	$0
Investments - other	$0
Land, buildings, and equipment less accumulated depreciation	$0
Other assets, including program-related investments	$2,275
Total liabilities	$428,464,964
Accounts payable and accrued expenses	$344,267
Grants payable	$428,120,697
Deferred revenue	$0
Loans from officers, directors, trustees, and key employees	$0
Tax-exempt bond liabilities	$0
Mortgages and other notes payable	$0
Other liabilities	$0
Total liabilities and net assets/fund balances	$428,464,964
Total net assets or fund balances	$0

	2000
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
Total revenue	$16,381,887
Total revenue, gains, and other support per audited financial statements	$16,381,887
Other expenses	$0
Net unrealized gains on investments	$0
Donated services and use of facilities	$0
Recoveries of prior year grants	$0
Other	$0
Other revenue	$0
Investment expenses	$0
Other	$0

	2000
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
Total expenses	$446,553,527
Total expenses and losses per audited financial statements	$512,264,094
Other revenue	$65,710,567
Donated services and use of facilities	$0
Prior year adjustments	$0
Losses	$65,710,567
Other	$0
Other expenses	$0
Investment expenses	$0
Other	$0

Current Officers, Directors, Trustees, and Key Employees

Total number of officers, directors, and trustees permitted to vote on organization business at board meetings	0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?

Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?	Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?	Yes
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?	No
Direct and indirect political expenditures	$0
Did the organization file Form 1120-POL for this year?	No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members	$0
Section 162(e) lobbying and political expenditures	$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices	$0
Taxable amount of lobbying and political expenditures	$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions	$0
Gross receipts for public use of club facilities	$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911	$0
Amount of tax imposed on the organization during the year under: section 4912	$0
Amount of tax imposed on the organization during the year under: section 4955	$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?	No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958	$0
Amount of tax above, reimbursed by the organization	$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 2006	0

	Unrelated business income		Excluded by section 512, 513, or 514		Related or exempt function income
Analysis of Income-Producing Activities (for 2000)
	Business code	Amount	Exclusion code	Amount	Related or exempt function income
Total		$656,490		$15,725,397	$0
Program service revenue
Program service revenue 1	000000	$0	00	$0	$0
Program service revenue 2	000000	$0	00	$0	$0
Program service revenue 3	000000	$0	00	$0	$0
Program service revenue 4	000000	$0	00	$0	$0
Program service revenue 5	000000	$0	00	$0	$0
Medicare/Medicaid payments	000000	$0	00	$0	$0
Fees and contracts from government agencies	000000	$0	00	$0	$0
Membership dues and assessments	000000	$0	00	$0	$0
Interest on savings and temporary cash investments	000000	$0	Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)	$31,659	$0
Dividends and interest from securities	999999	$600,990	Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)	$8,290,996	$0
Net rental income or (loss) from real estate
debt-financed property	000000	$0	00	$0	$0
not debt-financed property	000000	$0	00	$0	$0
Net rental income or (loss) from personal property	000000	$0	00	$0	$0
Other investment income	000000	$0	00	$0	$0
Gain or (loss) from sales of assets other than inventory	999999	$55,500	Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))	$7,402,742	$0
Net income or (loss) from special events	000000	$0	00	$0	$0
Gross profit or (loss) from sales of inventory	000000	$0	00	$0	$0
Other revenue	000000	$0	00	$0	$0

EIN of corporation, partnership, or disregarded entity	Percentage of ownership interest	Total income	End-of-year assets
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2000)
	0%	$0	$0
	0%	$0	$0
	0%	$0	$0
	0%	$0	$0

Compensation	Contributions to employee benefit plans & deferred compensation	Expense account and other allowances
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2000)
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0

Total number of other employees paid over $50,000	0

Total number of other employees paid over $50,000

Statements About Activities (for 2000)
Expenses paid or incurred in connection with the lobbying activities	$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
The aggregate value of assets held in all funds or accounts included above at the end of the tax year

Reason for Non-Private Foundation Status
The organization is not a private foundation because it is	Not controlled by disqualified persons/supports non private foundation

	1999
Support Schedule
Total	$0
Gifts, grants, and contributions received	$0
Membership fees received	$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose	$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975	$0
Net income from unrelated business activities not included above	$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf	$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge	$0
Other income	$0

Lobbying Expenditures by Electing Public Charities (for 2000)
Total exempt purpose expenditures	$0
Total lobbying expenditures	$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)	$0
Total lobbying expenditures to influence a legislative body (direct lobbying)	$0
Other exempt purpose expenditures	$0
Lobbying nontaxable amount	$0
Grassroots nontaxable amount	$0

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	American Friends Of The Israel Museum	500 5th Ave 25th Fl, New York, NY 10110-0002	NY	1972-05	$52,196,150
2	Tate Americas Foundation	1285 6th Ave 35th Fl, New York, NY 10019-6028	NY	1988-02	$23,311,243
3	Lila Acheson Wallace Fd For Metropolitan Museum Of Art	New York, NY 10016	NY		$16,381,887
4	Frederic Remington Art Museum Foundation	303 Washington St, Ogdensburg, NY 13669-1517	NY		$439,534
5	Emma Nicodemus-Renfrew Tr 002090 Fbo Renfrew Museum & Park	1100 Wehrle Drive 2nd Floor, Buffalo, NY 14221-7748	NY	1999-08	$361,869
6	Cincinnati Museums Foundation	1301 Western Ave, Cincinnati, OH 45203-1138	OH	2011-06	$7,392,279
7	Friends Of The New York Transit Museum	130 Livingston Street 10th Floor, Brooklyn, NY 11201-5106	NY	1996-02	$5,421,665
8	Air Zoo Legacy Foundation	6151 Portage Rd, Portage, MI 49002-3003	MI	2009-04	$2,720,942
9	Seattle Art Museum Foundation	1300 1st Ave, Seattle, WA 98101-2003	WA	1993-04	$2,239,857
10	U S Space & Rocket Center Foundation	1 Tranquility Base, Huntsville, AL 35805-3371	AL	2002-03	$2,022,595
11	American Friends Of The Louvre Inc	305 E 47th St Fl 10, New York, NY 10017-2312	NY	2002-12	$1,843,798
12	American Patrons Of The Tate Gallery Foundation Inc	520 West 27th Street, New York, NY 10001-5533	NY	1987-12	$1,325,705
13	Sir John Soanes Museum Foundation	1040 1st Ave, New York, NY 10022-2991	NY	1991-10	$990,553
14	Campaign For The Westchester Childrens Museum Inc	3 Barker Avenue 3rd Floor, White Plains, NY 10601-1509	NY	2001-05	$489,559
15	Roger Tory Peterson Institute Of Natural History Foundation	311 Curtis St, Jamestown, NY 14701-9620	NY	2000-01	$313,561
16	The Friends Of Muscoot Inc	51 Route 100, Katonah, NY 10536-3318	NY	1981-01	$64,012
17	Wings Of Eagles Foundation Inc	PO BOX 446, Big Flats, NY 14814-0446	NY	1998-04	$12,689
18	Friends Of The American Merchant Marine Museum Inc	Po Box 234434, Great Neck, NY 11023	NY	2010-10	$0
19	Friends Of The Museum Inc	PO BOX 844, New York, NY 10025-0844	NY	2012-04	$0
20	Friends Of The Museum Of Modern Art Of Sao Inc	1156 6th Ave, New York, NY 10036-2702	NY	2000-10	$0

Number of organizations performing similar types of work

Alaska	2
Alabama	17
Arkansas	3
Arizona	2
California	26
Colorado	9
Connecticut	3
District of Columbia	5
Delaware	2
Florida	20
Georgia	7
Hawaii	1
Iowa	7
Illinois	8
Indiana	3
Kansas	3
Kentucky	1
Louisiana	8
Massachusetts	5
Maryland	7
Maine	3
Michigan	5
Minnesota	2
Missouri	4
Mississippi	1

Montana	2
North Carolina	8
North Dakota	1
Nebraska	5
New Jersey	8
New Mexico	5
Nevada	3
New York	22
Ohio	6
Oklahoma	9
Oregon	8
Pennsylvania	13
Rhode Island	4
South Carolina	1
Tennessee	3
Texas	19
Utah	2
Virginia	8
Vermont	4
Washington	6
Wisconsin	6
West Virginia	1
Wyoming	2
International	2

Total

302

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