TY 2023 Form 990 Schedule O

efile Public Visual Render ObjectId: 202433189349303338 - Submission: 2024-11-13 TIN: 11-3763607

SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2023

Open to Public
Inspection

Name of the organization

THE CODEX FOUNDATION

Employer identification number

11-3763607

Return Reference	Explanation
FORM 990, PART III, LINE 2	THE ORGANIZATION HAS ADOPTED A CONSIGNMENT PROGRAM THAT IS PART OF ITS RESEARCH LIBRARY. THIS PROGRAM ENABLES GROUP AND INDIVIDUAL VISITORS TO VIEW, STUDY, AND HANDLE HANDMADE BOOKS THAT ARE FINELY CRAFTED WORKS OF ART. UNLIKE OTHER ART FORMS SUCH AS PAINTING, SCULPTURE, AND PHOTOGRAPHY, THERE ARE NO GALLERIES OR MUSEUMS IN CALIFORNIA FOCUSING ON THIS ART FORM AND OFFERING ACCESS TO THESE TYPES OF WORKS OF ART. THE CODEX FOUNDATION IS ONE OF ONLY A SMALL HANDFUL OF PUBLIC PLACES TO VIEW WORKS OF ITS KIND IN THE ENTIRE UNITED STATES. MAKING THIS WORK AVAILABLE ENHANCES THE GENERAL PUBLIC'S UNDERSTANDING OF THE BEAUTY, CRAFT, AND HISTORY OF THIS ART FORM. IT IS CRITICAL TO OUR MISSION TO PRESERVE AND PROMOTE THE HISTORIC CRAFT LEGACY AND CONTEMPORARY ART WORK BEING DONE IN THE FIELD. ARTISTS' BOOKS IN THIS PROGRAM ARE VETTED BY A COMMITTEE AND DISPLAYED IN THE ORGANIZATION'S RESEARCH LIBRARY. THE FOUNDATION RETAINS A 25% COMMISSION TO SUPPORT RUNNING THIS PROGRAM. SUCH COMMISSION IS SUBSTANTIALLY BELOW THE STANDARD 40-50% OR MORE COMMISSION THAT ART GALLERIES RETAIN FOR DISPLAYS OF ARTWORK. IN ADDITION, THE PROGRAM FUNCTIONS DIFFERENTLY THAN A GALLERY IN THAT IT HAS AN EDUCATIONAL FOCUS RATHER THAN A SALES FOCUS AS A GALLERY WOULD, AND IN ADDITION, IT SEEKS TO ASSIST ARTISTS IN GETTING THEIR WORK IN REVIEWED BY CRITICS AND INVITED TO EXHIBIT IN OTHER GALLERY/MUSEUM EXHIBITIONS. THEREFORE, THE ORGANIZATION BELIEVES THAT ITS PROGRAM PROMOTES THE PUBLIC'S UNDERSTANDING OF THE CULTURAL AND HISTORICAL VALUE OF THIS FORM OF ART.
FORM 990, PART VI, SECTION A, LINE 2	PETER KOCH, BOARD PRESIDENT AND SUSAN FILTER, SECRETARY ARE MARRIED.
FORM 990, PART V, LINE 3B	ORGANIZATION RECEIVED LESS THAN $2,500 IN ADVERTISING INCOME. READERSHIP COSTS FAR EXCEEDED SUCH INCOME. ORGANIZATION DOES NOT ANTICIPATE EVER MAKING A NET PROFIT ON THE RECEIPT OF ADVERTISING INCOME.
FORM 990, PART VI, SECTION A, LINE 2	PETER KOCH, PRESIDENT AND SUSAN FILTER, SECRETARY ARE MARRIED.
FORM 990, PART VI, SECTION B, LINE 11B	THE FORM 990 IS REVIEWED BEFORE MAILING AND SIGNING BY AN AUTHORIZED OFFICER OR DIRECTOR.
FORM 990, PART VI, SECTION B, LINE 12	CONFLICT OF INTEREST POLICY ENFORCED AND DISCUSSED DURING ANNUAL MEETINGS.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION WILL PROVIDE A COPY OF THIS FORM 990 ON REQUEST.
FORM 990, PART XI, LINE 9:	INTEREST INCOME NOT REPORTED ON BOOK REVENUE -1,905.

Return Reference

Explanation

FORM 990, PART III, LINE 2

THE ORGANIZATION HAS ADOPTED A CONSIGNMENT PROGRAM THAT IS PART OF ITS RESEARCH LIBRARY. THIS PROGRAM ENABLES GROUP AND INDIVIDUAL VISITORS TO VIEW, STUDY, AND HANDLE HANDMADE BOOKS THAT ARE FINELY CRAFTED WORKS OF ART. UNLIKE OTHER ART FORMS SUCH AS PAINTING, SCULPTURE, AND PHOTOGRAPHY, THERE ARE NO GALLERIES OR MUSEUMS IN CALIFORNIA FOCUSING ON THIS ART FORM AND OFFERING ACCESS TO THESE TYPES OF WORKS OF ART. THE CODEX FOUNDATION IS ONE OF ONLY A SMALL HANDFUL OF PUBLIC PLACES TO VIEW WORKS OF ITS KIND IN THE ENTIRE UNITED STATES. MAKING THIS WORK AVAILABLE ENHANCES THE GENERAL PUBLIC'S UNDERSTANDING OF THE BEAUTY, CRAFT, AND HISTORY OF THIS ART FORM. IT IS CRITICAL TO OUR MISSION TO PRESERVE AND PROMOTE THE HISTORIC CRAFT LEGACY AND CONTEMPORARY ART WORK BEING DONE IN THE FIELD. ARTISTS' BOOKS IN THIS PROGRAM ARE VETTED BY A COMMITTEE AND DISPLAYED IN THE ORGANIZATION'S RESEARCH LIBRARY. THE FOUNDATION RETAINS A 25% COMMISSION TO SUPPORT RUNNING THIS PROGRAM. SUCH COMMISSION IS SUBSTANTIALLY BELOW THE STANDARD 40-50% OR MORE COMMISSION THAT ART GALLERIES RETAIN FOR DISPLAYS OF ARTWORK. IN ADDITION, THE PROGRAM FUNCTIONS DIFFERENTLY THAN A GALLERY IN THAT IT HAS AN EDUCATIONAL FOCUS RATHER THAN A SALES FOCUS AS A GALLERY WOULD, AND IN ADDITION, IT SEEKS TO ASSIST ARTISTS IN GETTING THEIR WORK IN REVIEWED BY CRITICS AND INVITED TO EXHIBIT IN OTHER GALLERY/MUSEUM EXHIBITIONS. THEREFORE, THE ORGANIZATION BELIEVES THAT ITS PROGRAM PROMOTES THE PUBLIC'S UNDERSTANDING OF THE CULTURAL AND HISTORICAL VALUE OF THIS FORM OF ART.

FORM 990, PART VI, SECTION A, LINE 2

PETER KOCH, BOARD PRESIDENT AND SUSAN FILTER, SECRETARY ARE MARRIED.

FORM 990, PART V, LINE 3B

ORGANIZATION RECEIVED LESS THAN $2,500 IN ADVERTISING INCOME. READERSHIP COSTS FAR EXCEEDED SUCH INCOME. ORGANIZATION DOES NOT ANTICIPATE EVER MAKING A NET PROFIT ON THE RECEIPT OF ADVERTISING INCOME.

FORM 990, PART VI, SECTION A, LINE 2

PETER KOCH, PRESIDENT AND SUSAN FILTER, SECRETARY ARE MARRIED.

FORM 990, PART VI, SECTION B, LINE 11B

THE FORM 990 IS REVIEWED BEFORE MAILING AND SIGNING BY AN AUTHORIZED OFFICER OR DIRECTOR.

FORM 990, PART VI, SECTION B, LINE 12

CONFLICT OF INTEREST POLICY ENFORCED AND DISCUSSED DURING ANNUAL MEETINGS.

FORM 990, PART VI, SECTION C, LINE 19

THE ORGANIZATION WILL PROVIDE A COPY OF THIS FORM 990 ON REQUEST.

FORM 990, PART XI, LINE 9:

INTEREST INCOME NOT REPORTED ON BOOK REVENUE -1,905.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) 2023

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