Ilya And Emilia Kabakov Art Foundation Inc is located in New York, NY. According to its NTEE Classification (A51) the organization is classified as: Art 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. Ilya And Emilia Kabakov Art 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CULTIVATING, PROMOTING, ENCOURAGING, AND SUPPORTING THE CREATION AND EXHIBITION OF ART, ENLARGING THE PUBLIC'S APPRECIATION AND INTEREST IN ART, AND ESTABLISHING AND MAINTAINING A PERMANENT COLLECTION OF ARTWORKS.
| Name (title) | Role | Hours | Compensation | 
|---|---|---|---|
| Emilia Kabakov President | 1 | $0 | |
| Viola Kanevsky Treasurer | 1 | $0 | |
| Isis Kanevsky Secretary | 1 | $0 | 
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $877,014 | 
| Interest on Savings | $14,632 | 
| 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 | $891,646 | 
| 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 | $62,690 | 
| Other expenses | $165 | 
| Total operating and administrative expenses | $62,855 | 
| Contributions, gifts, grants paid | $0 | 
| Total expenses and disbursements | $62,855 | 
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $214,159 | 
| Savings and temporary cash investments | $614,632 | 
| 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 | $0 | 
| Total assets | $828,791 | 
| 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 |