Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
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Calendar year (or fiscal year beginning in) ![]() |
(a) 2014 | (b) 2015 | (c) 2016 | (d) 2017 | (e) 2018 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | ||||||
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | ||||||
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f).. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | ||||||
Calendar year
(or fiscal year beginning in) ![]() |
(a) 2014 | (b) 2015 | (c) 2016 | (d) 2017 | (e) 2018 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | ||||||
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | ||||||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
| 11 | Total support. Add lines 7 through 10 | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2014 | (b) 2015 | (c) 2016 | (d) 2017 | (e) 2018 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | 794,182 | 135,091 | 2,518,031 | 0 | 200,447 | 3,647,751 |
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | 9,763,544 | 10,529,503 | 10,822,269 | 11,136,392 | 10,101,014 | 52,352,722 |
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | 0 | |||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | 0 | |||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | 0 | |||||
| 6 | Total. Add lines 1 through 5 | 10,557,726 | 10,664,594 | 13,340,300 | 11,136,392 | 10,301,461 | 56,000,473 |
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | 0 | |||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | 760,000 | 760,000 | ||||
| c | Add lines 7a and 7b.. | 760,000 | 760,000 | ||||
| 8 | Public support. (Subtract line 7c from line 6.) | 55,240,473 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2014 | (b) 2015 | (c) 2016 | (d) 2017 | (e) 2018 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | 10,557,726 | 10,664,594 | 13,340,300 | 11,136,392 | 10,301,461 | 56,000,473 |
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | 124,083 | 11,709 | 2,887 | 0 | 0 | 138,679 |
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | 0 | |||||
| c | Add lines 10a and 10b. | 124,083 | 11,709 | 2,887 | 0 | 0 | 138,679 |
| 11 | Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on. | 0 | |||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | -4,895 | -26,748 | -18,307 | -23,653 | -8,034 | -81,637 |
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | 10,676,914 | 10,649,555 | 13,324,880 | 11,112,739 | 10,293,427 | 56,057,515 |
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
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| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by .035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | ||
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
||
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | ||
| 4 Amounts paid to acquire exempt-use assets | ||
| 5 Qualified set-aside amounts (prior IRS approval required) | ||
| 6 Other distributions (describe in Part VI). See instructions | ||
| 7Total annual distributions. Add lines 1 through 6. | ||
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
||
| 9 Distributable amount for 2018 from Section C, line 6 | ||
| 10 Line 8 amount divided by Line 9 amount | ||
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2018 |
(iii) Distributable Amount for 2018 |
|
|---|---|---|---|---|
|
1
Distributable amount for 2018 from Section C, line 6 |
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|
2
Underdistributions, if any, for years prior to 2018 (reasonable cause required-- explain in Part VI). See instructions. |
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| 3 Excess distributions carryover, if any, to 2018: | ||||
| a From 2013....... | ||||
| b From 2014....... | ||||
| c From 2015....... | ||||
| d From 2016....... | ||||
| e From 2017....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2018 distributable amount | ||||
|
i
Carryover from 2013 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from 3f. | ||||
| 4Distributions for 2018 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2018 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from 4. | ||||
|
5
Remaining underdistributions for years prior to 2018, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2018. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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7 Excess distributions carryover to 2019. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2014...... | ||||
| b Excess from 2015..... | ||||
| c Excess from 2016..... | ||||
| d Excess from 2017..... | ||||
| e Excess from 2018..... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
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| Software ID: | |
| Software Version: |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART III, LINE 3 | In October 2018, ITHAKA's Board of Trustees elected to merge Artstor with and into ITHAKA effective December 31, 2018. SEE DISCUSSION BELOW OF THE MERGER IN RESPONSE TO FORM 990, PART VI, QUESTIONS 6 AND 7A, AS WELL AS FORM 990, SCHEDULE N. |
| FORM 990, QUESTIONS 6 & 7A | ORGANIZATIONAL HISTORY: In December 2002, ARTstor Inc. ("Artstor") was organized in Delaware as a nonprofit corporation operated exclusively for charitable, educational, and scientific purposes within the meaning of section 501(c)(3) of the Internal Revenue Code (the "Code") and as a supporting organization of JSTOR, now Ithaka Harbors, Inc., under section 509(a)(3). In July 2003, Artstor was approved by the Internal Revenue Service ("IRS") as exempt from federal income tax under section 501(a) of the Code; however, Artstor would remain a supporting organization to Ithaka Harbors, Inc. through December 31, 2006. Effective January 1, 2007, Artstor petitioned the IRS to change its tax classification from a supporting organization to a private operating foundation, as part of the process for becoming an independent public charity. In February 2007, the IRS ruled and notified Artstor of its public charity status under section 509(a)(1) of the Code, INDEPENDENT FROM ITHAKA HARBORS INC. ("ITHAKA") IN JANUARY 2016, THE RESPECTIVE BOARDS OF ARTSTOR AND ITHAKA AGREED TO A STRATEGIC ALLIANCE WHICH PROVIDED A CHANGE IN THE GOVERNING STRUCTURE OF ARTSTOR. ARTSTOR AMENDED AND RESTATED ITS CERTIFICATE OF INCORPORATION AND BY-LAWS TO INCLUDE A MEMBERSHIP PROVISION WHEREBY ITHAKA BECAME THE SOLE CORPORATE MEMBER OF ARTSTOR. ACCORDINGLY, ARTSTOR BECAME A WHOLLY-CONTROLLED ENTITY OF ITHAKA. ARTSTOR WAS TO REMAIN A PUBLIC CHARITY UNDER THE CODE, WITH MANAGEMENT AND FINANCIAL RESPONSIBILITIES ASSUMED BY ITHAKA, INCLUDING THE AUTHORITY TO APPOINT THE BOARD OF TRUSTEES AND OFFICERS OF ARTSTOR. ARTSTORS EXISTING PRODUCTS AND SERVICES CONTINUED TO BE MADE AVAILABLE TO BOTH CURRENT AND NEW SUBSCRIBERS. STRATEGIC ALLIANCE: AS PART OF THE TRANSITION, ITHAKA FURTHER AGREED TO DEVELOP AND STRENGTHEN THE OPERATIONS AND PROGRAMMING OF ARTSTOR, TO SUPPORT THE COMMUNITIES THAT ARTSTOR SERVES, AND TO CONTINUE TO OFFER THE ARTSTOR DIGITAL LIBRARY IN ITS PRESENT OR ENHANCED FORM. ITHAKA SECURED A RESTRICTED GRANT TO SUPPORT THE TRANSITION AND INTEGRATION OF THE TWO ORGANIZATIONS IN THE AMOUNT OF $2,995,000, $2,385,000 OF WHICH ARTSTOR RECOGNIZED AS A GRANT WITHOUT DONOR RESTRICTIONS TO COVER COSTS RELATED TO THE TRANSITION. ADDITIONALLY, ITHAKA IMMEDIATELY ASSUMED FINANCIAL RESPONSIBILITY FOR ARTSTORS OPERATIONS. IN ORDER TO PROVIDE A MORE INTEGRATED APPROACH TO SUPPORT THE ACTIVITIES OF ARTSTOR, EFFECTIVE JANUARY 1, 2017 (i) ALL EMPLOYEES OF ARTSTOR WERE TRANSITIONED TO ITHAKA HARBORS INC., (ii) THE ARTSTOR RETIREMENT PLAN WAS MERGED WITH THE ITHAKA 403 (B) RETIREMENT PLAN, AND (iii) THE SECTION 457 (B) DEFERRED-COMPENSATION PLAN FOR ELIGIBLE EMPLOYEES WAS SUBSUMED BY ITHAKA HARBORS INC. DURING 2018, ARTSTOR CONTINUED TO REMAIN ITS OWN LEGAL ENTITY AND OPERATE CONTRACTUALLY WITH KEY LEGACY VENDORS FOR OFFICE SPACE, ASSETS PURCHASED, LEASED EQUIPMENT, ETC. IN OCTOBER 2018, ITHAKAS BOARD OF TRUSTEES ELECTED TO MERGE ARTSTOR WITH AND INTO ITHAKA EFFECTIVE DECEMBER 31, 2018. AS A RESULT OF THE MERGER, ARTSTOR REPORTED ON ITS STATEMENT OF ACTIVITIES FOR 2018 A DEFICIT IN NET ASSETS ASSUMED BY ITHAKA OF $2,113,713 (SEE FORM 990, SCHEDULE N FOR FURTHER DETAILS). |
| FORM 990, PART VI, LINE 11B | REVIEW PROCESS: THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE AND IT APPROVES RELEASE TO THE ENTIRE BOARD FOR AN OPPORTUNITY TO REVIEW PRIOR TO THE ELECTRONIC FILING OF THE FORM. |
| FORM 990, PART VI, LINE 12C | CONFLICT OF INTEREST POLICY: ARTSTOR COMPLIES WITH THE CONFLICT OF INTEREST POLICY OF ITHAKA HARBORS, INC. AS IT APPLIES TO ITS GOVERNING BOARD, CORPORATE OFFICERS, KEY EMPLOYEES AND TO CERTAIN STAFF MEMBERS. ALL PERSONS ARE REQUIRED TO DISCLOSE ALL CONFLICTS OF INTEREST PROMPTLY AND ANNUALLY VIA A WRITTEN DISCLOSURE PROCESS. THE GOVERNING BOARD'S AUDIT COMMITTEE IS CHARGED WITH REVIEWING CONFLICT OF INTEREST DISCLOSURES AND ASSOCIATED POLICIES AND PROCEDURES; IN EACH CASE A DETERMINATION IS MADE AND DOCUMENTED. |
| FORM 990, PART VI, LINE 15A & 15B | COMPENSATION POLICY: THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES OF ITHAKA HARBORS, INC. CONDUCTS AN ANNUAL REVIEW OF OFFICER AND NON-OFFICER COMPENSATION. AS PART OF THIS REVIEW, THE COMMITTEE REFERENCES AVAILABLE MARKET DATA FOR COMPARABLE POSITIONS AND INTERNAL EQUITY CONSIDERATIONS, AND IT UTILIZES AN ANALYSIS OF OFFICER AND NON-OFFICER SALARIES PREPARED BY INDEPENDENT EXTERNAL SOURCES USING INDUSTRY BENCHMARKING DATA. THE ANNUAL REVIEW PROCESS COVERS ALL OFFICERS AND OTHER STAFF. COMPENSATION DECISIONS FOR OFFICERS ARE PROPOSED BY THE COMPENSATION COMMITTEE OF ITHAKA, THEN REVIEWED AND APPROVED BY ITHAKA'S FULL BOARD OF TRUSTEES. COMPENSATION DECISIONS FOR NON-OFFICER EMPLOYEES ARE APPROVED BY THE COMPENSATION COMMITTEE OF ITHAKA. DURING 2018, ARTSTOR HAD NO EMPLOYEES. |
| FORM 990, PART VI, LINE 19 | ARTSTOR'S FORM 990 AND ANNUAL FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST; OTHER GOVERNING DOCUMENTS ARE NOT OPEN FOR PUBLIC INSPECTION. |
| FORM 990, PART VII | EACH MEMBER OF THE BOARD OF TRUSTEES, EXCEPT THE PRESIDENT, IS ENTITLED TO A STIPEND FOR SERVICES PROVIDED AS A MEMBER OF THE GOVERNING BODY OF ITHAKA HARBORS, INC. NO PAYMENTS EXCEEDED THE REPORTING THRESHOLD OF $10,000 FROM THE RELATED ORGANIZATION; ACCORDINGLY THESE BOARD MEMBERS ARE DEEMED INDEPENDENT FOR REPORTING PURPOSES ON FORM 990, PART 1, LINE 4 AND PART VI, SECTION A, LINE 1B. |
| FORM 990, PART XI, LINE 9 | OTHER CHANGES IN NET ASSETS REPRESENT THE FOLLOWING: DETAIL OF NET ASSETS ASSUMED BY ITHAKA HARBORS, INC. THROUGH THE MERGER WITH ARTSTOR: CASH AND CASH EQUIVALENTS $ 4,498,549 ACCOUNTS RECEIVABLE AND OTHER ASSETS 604,444 PROPERTY AND EQUIPMENT 278,371 ACCOUNTS PAYABLE AND ACCRUED EXPENSES (1,934,246) DEFERRED REVENUE (5,540,231) CUSTOMER DEPOSITS ( 20,600) __________ TOTAL NET ASSETS ASSUMED $(2,113,713) WRITE OFF OF UNCOLLECTIBLE FEES RECEIVABLE 44,505 __________ TOTAL OTHER CHANGES IN NET ASSETS $(2,069,208) ========== |
| Software ID: | |
| Software Version: |