Nonprofit · EIN 61-1865805
MODERN ARTLIFE FOUNDATION
Tax-exempt · MONTVALE, NJ 07645
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $3,035,173 | $2,731,418 | $303,755 | $1,232,310 | $10,373 | $1,221,937 |
| December 31, 2023 | 990-PF | $1,526,097 | $1,680,401 | -$154,304 | $875,623 | $0 | $875,623 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,262,233
- Interest
- $21,579
- Other income
- $1,751,361
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $179,428
- Salaries, compensation and benefits (total)
- $1,123,210
- Disbursements for charitable purposes
- $645,536
- Excise tax on investment income
- $245
Balance sheet and other
- Total assets, start of year
- $875,623
- Total assets, end of year
- $1,232,310
- Total liabilities, end of year
- $10,373
- Net assets, end of year
- $1,221,937
- Fair market value of assets
- $1,232,310
- Qualifying distributions
- $645,536
- Net investment income
- $21,579
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SOFIA KAPKOV 45 EAST 89TH STREET APT 25D, NEW YORK, NY 10128 | DIR./PRESIDENT | 40 | $179,428 |
| ANASTASIA GUDKOVA 76 Schermerhorn St APT 5F, BROOKLYN, NY 11201 | Director | 25 | $69,707 |
| LISA ROZOV 12 PORIYA STREET, TEL AVIV YAFO, tel aviv 6811424, IS | Director | 5 | $32,594 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SOFIA KAPKOVA 45 EAST 89TH STREET APT 25D, NEW YORK, NY 10128 | DIR./PRESIDENT | 40 | $187,928 |
| ANASTASIA GUDKOVA 76 Schermerhorn St APT 5F, BROOKLYN, NY 11201 | Director | 12.5 | $61,759 |
| LISA ROZOV 12 PORIYA STREET, TEL AVIV YAFO, tel aviv 6811424, IS | Director | 5 | $2,600 |
Address and contacts
- Address (IRS master file)
- BEACON CPA 50 CHESTNUT RIDGE ROAD 1, MONTVALE, NJ 07645-0000
- In care of
- % BEACON CPA
- Signed the 990-PF
- SOFIA KAPKOV, Director
- Phone
- (201) 307-8500
- Website
- https://mart.foundation
- Return prepared by
- Beacon CPA PC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 61-1865805
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Arts, culture and humanities (A25)
- Assets (IRS master file)
- $1,232,310
- Income (IRS master file)
- $3,035,173
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $3,035,173 | $2,731,418 | $1,232,310 | IRS |
| 990-PF | December 2023 | $1,526,097 | $1,680,401 | $875,623 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 61-1865805).
Questions about MODERN ARTLIFE FOUNDATION
- What is the EIN of MODERN ARTLIFE FOUNDATION?
- The employer identification number (EIN) of MODERN ARTLIFE FOUNDATION is 61-1865805.
- Is MODERN ARTLIFE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to MODERN ARTLIFE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does MODERN ARTLIFE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MODERN ARTLIFE FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MODERN ARTLIFE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of MODERN ARTLIFE FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 3 received compensation from the organization, the highest $179,428 (SOFIA KAPKOV, DIR./PRESIDENT).
- How much revenue does MODERN ARTLIFE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $3,035,173, expenses of $2,731,418 and total assets of $1,232,310 at year end.
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