Margaret Willis Morton Test Tr
- Assets
- $3.2m
- Revenue
- $3.2m
- Investments
- $292.0k
- Employees
- 0
- Location
- New York, NY
- Founding
- Data as of
- 12/2022
- EIN
- 88-6541290
Organization Overview
Margaret Willis Morton Test Tr is located in New York, NY. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Margaret Willis Morton Test Tr is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN APRIL 2022, THE WORK OF THE MM TESTAMENTARY TRUST BEGAN WITH THE ESTABLISHMENT OF THE MARGARET MORTON ARCHIVE AT MANA CONTEMPORARY IN JERSEY CITY, NEW JERSEY. THE TRUSTEE RENTED TWO CONTIGUOUS SPACES AT MANA, ONE FOR STORAGE AND ONE FOR OFFICE WORK, AND MARGARET'S WORK WAS MOVED THERE FROM SEVERAL LOCATIONS. TWO CONSULTANTS WERE ENGAGED: STEPHANIE NEEL, ARCHIVIST, AND XEUMENG ZHANG, PHOTOGRAPHER AND ART DIRECTOR. THE LEGAL AND BUSINESS STRUCTURE OF THE TRUST WAS ESTABLISHED; THE SPACES WERE OUTFITTED WITH FURNITURE AND STORAGE UNITS; THE DOMAIN NAME MARGARETMORTON.ORG WAS PROCURED; AND THE WEBSITE WAS DESIGNED AND LAUNCHED. BY THE END OF THE YEAR, THE STORAGE AREA WAS ROUGHLY ORGANIZED AND A BOX-LEVEL INVENTORY WAS STARTED.
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,194,788 |
| Interest on Savings | $5,235 |
| Dividends & Interest | $30,626 |
| 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 | $7,512 |
| Total Revenue | $3,238,161 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $24 |
| Taxes | $0 |
| Depreciation | $905 |
| Occupancy | $13,230 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,985 |
| Total operating and administrative expenses | $52,149 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $52,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,915,910 |
| 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 | $292,047 |
| Net Land, buildings, and equipment | $5,427 |
| Other assets | $1,470 |
| Total assets | $3,214,854 |
| 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 | $28,842 |
| Total liabilities | $28,842 |