Yuko Nii Foundation Inc
- Assets
- $4.1m
- Revenue
- $12.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 07/2008
- Data as of
- 12/2023
- EIN
- 26-2175965
Organization Overview
Yuko Nii Foundation Inc is located in Brooklyn, NY. The organization was established in 2008. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yuko Nii Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Yuko Nii Foundation Inc generated $12.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (15.7%) each year. All expenses for the organization totaled $121.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
YUKO NII FOUNDED THE NOT-FOR-PROFIT YUKO NII FOUNDATION, AKA YNF. WHILE THE WAH CENTER'S MISSION IS PURELY TO PRESENT ART PROGRAMS TO THE PUBLIC, THE MISSION OF THE YUKO NII FOUNDATION IS TO HOLD, MAINTAIN AND PRESERVE THE CONTEMPORARY ART AND THE HISTORICAL ARTIFACTS AND PROPERTIES, INCLUDING THE LANDMARK BUILDING, WHICH YUKO NII PURCHASED IN 1996 AND LATER DONATED TO THE FOUNDATION IN 2008. THE YNF LOANS THE ART AND ARTIFACTS IN ITS PERMANENT COLLECTION TO OTHER INSTITUTIONS SUCH AS MUSEUMS, GALLERIES AND ART ORGANIZATIONS FOR THEIR SPECIAL EXHIBITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terrance Lindall President | 10 | $0 | |
Yuko Nii Chairperson & Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,938 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,938 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $94,322 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24,073 |
| Total operating and administrative expenses | $121,345 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $121,345 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,687 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $3,302,825 |
| Other assets | $778,486 |
| Total assets | $4,082,998 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $634,446 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $12,974 |
| Total liabilities | $647,420 |