Bikubenfoundation New York Inc
- Assets
- $13.3m
- Revenue
- $53.4k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/2005
- Data as of
- 12/2021
- EIN
- 58-2680849
Organization Overview
Bikubenfoundation New York Inc is located in New York, NY. The organization was established in 2005. 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. Bikubenfoundation New York 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 12/2021, Bikubenfoundation New York Inc generated $53.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $715.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 7 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S SOLE ACTIVITY IS TO OWN AND OPERATE ANACADEMIC GUEST HOUSE MAINLY FOR GRADUATE STUDENTS FROMDENMARK INCLUDING ACCOMODATION IN NEW YORK.THE FOUNDATION HOUSED 40 GRADUATE STUDENTS THAT ATTENDED UNIVERSITIES AND COLLEGES LOCATED THROUGH OUT NEW YORK CITY DURING 2016. THE ESTIMATED HOUSING PROVIDED TO THE STUDENTS IS VALUED AT $183,200.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Irene Krarup Director/treasurer | 5 | $10,000 | |
Niels Smedegaard Director/ Secretary | 1 | $0 | |
Soeren Kaare-Andersen Director / Board Chairperson | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $105 |
| 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 | $53,294 |
| Total Revenue | $53,399 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,000 |
| Other employee salaries and wages | $64,928 |
| Pension plans, employee benefits | $7,578 |
| Interest | $41,041 |
| Taxes | $6,032 |
| Depreciation | $405,220 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $793 |
| Printing and publications | $0 |
| Other expenses | $169,056 |
| Total operating and administrative expenses | $715,105 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $715,105 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $152,818 |
| 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 | $13,117,239 |
| Other assets | $34,148 |
| Total assets | $13,304,205 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $19,178,788 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $152,619 |
| Total liabilities | $19,331,407 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |