Handelsman Family Foundation For The Preservation Of American Antiq
- Assets
- $1.0m
- Revenue
- $3.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- 10/2012
- Data as of
- 12/2022
- EIN
- 46-0820478
Organization Overview
Handelsman Family Foundation For The Preservation Of American Antiq is located in Palm Beach, FL. The organization was established in 2012. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Handelsman Family Foundation For The Preservation Of American Antiq 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 12/2022, Handelsman Family Foundation For The Preservation Of American Antiq generated $3.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (12.9%) each year. All expenses for the organization totaled $3.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (20.5%) per year over the past 5 years. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION HAD HISTORICALLY OPERATED A MUSEUM OFFERING RARE HISTORIC ANTIQUES FOR VIEWING BY THE PUBLIC. IN LATE 2019, WITH THE BUILDING IN WHICH THE MUSEUM WAS LOCATED BEING SUBJECT TO LITIGATION AND PURSUANT TO AN EVICTION PROCEEDING, THE FOUNDATION WAS ORDERED BY THE COURT TO VACATE ITS PREMISES WHEREUPON THE PHYSICAL ASSETS OF THE FOUNDATION WERE PLACED IN LOCAL STORAGE PENDING THE FINAL RESOLUTION OF THE LITIGATION AND THEREAFTER MAKING ARRANGEMENTS FOR A NEW LOCATION FOR THE MUSEUM.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,000 |
| 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 | $3,000 |
| 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 | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $90 |
| Total operating and administrative expenses | $3,215 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $3,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,350 |
| 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 | $0 |
| Other assets | $1,014,165 |
| Total assets | $1,017,515 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |