TY 2010 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation

Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.

OMB No. 1545-0052

2010

For calendar year 2010, or tax year beginning 01-01-2010 , and ending 12-31-2010

Check all that apply:Initial returnInitial return of a former public charityFinal return

Amended returnAddress changeName change

Name of foundation
Contemporary Arts Foundation Inc

Number and street (or P.O. box number if mail is not delivered to street address)311 Lincoln Road Suite 200 Room/suite

City or town, state, and ZIP code
Miami Beach, FL33139

A Employer identification number

65-0632809

B Telephone number (see page 10 of the instructions)

(305) 913-1040

C If exemption application is pending, check here bullet

D 1. Foreign organizations, check here . bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation 2. Foreign organizations meeting the 85% test,
check here and attach computation bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$107,415J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

E If private foundation status was terminated
under section 507(b)(1)(A), check here bullet

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here bullet

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).)		(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)		457,187
2	Check
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities......
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10
b	Gross sales price for all assets on line 6a
7	Capital gain net income (from Part IV, line 2)...
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances	74,502
b	Less: Cost of goods sold....	58,582
c	Gross profit or (loss) (attach schedule).....			15,920
11	Other income (attach schedule).......			72,500
12	Total. Add lines 1 through 11........		545,607		0
13	Compensation of officers, directors, trustees, etc.		85,000			85,000
14	Other employee salaries and wages......		149,303			149,303
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......			4,657		4,657
c	Other professional fees (attach schedule)....			27,876		27,876
17	Interest...............
18	Taxes (attach schedule) (see page 14 of the instructions)			25,181		25,181
19	Depreciation (attach schedule) and depletion...			64,887
20	Occupancy..............		3,019			3,019
21	Travel, conferences, and meetings.......		8,265			8,265
22	Printing and publications..........		1,304			1,304
23	Other expenses (attach schedule).......			290,884		290,884
24	Total operating and administrative expenses.
	Add lines 13 through 23..........		660,376		0	595,489
25	Contributions, gifts, grants paid........		0			0
26	Total expenses and disbursements. Add lines 24 and 25		660,376		0	595,489
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements		-114,769
b	Net investment income (if negative, enter -0-)				0
c	Adjusted net income (if negative, enter -0-)...

For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.

Cat. No. 11289X Form 990-PF (2010)

Form 990-PF (2010)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............	-52,781	-86,054
	2	Savings and temporary cash investments..........
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see page 15 of the
		instructions)....................
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule)........
	c	Investments—corporate bonds (attach schedule)........
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........
	14	Land, buildings, and equipment: basis 467,766
		Less: accumulated depreciation (attach schedule) 427,874	82,037	39,892	39,892
	15	Other assets (describe )	78,413	78,413	67,523
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	107,669	32,251	107,415
	17	Accounts payable and accrued expenses..........
	18	Grants payable...................
	19	Deferred revenue..................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )	2,742	42,093
	23	Total liabilities (add lines 17 through 22)..........	2,742	42,093
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds	104,927	-9,842
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................	104,927	-9,842
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	107,669	32,251

Part III	Analysis of Changes in Net Assets or Fund Balances
1	Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
	with end-of-year figure reported on prior year’s return)...............	1	104,927
2	Enter amount from Part I, line 27a......................	2	-114,769
3	Other increases not included in line 2 (itemize)	3
4	Add lines 1, 2, and 3..........................	4	-9,842
5	Decreases not included in line 2 (itemize)	5
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30..	6	-9,842

Form 990-PF (2010)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1a
b
c
d
e

(e) Gross sales price		(f) Depreciation allowed (or allowable)	(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions). If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . .		3

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No

If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2009	556,910	0	0.0
2008	844,270	1,531	551.450033
2007	670,567	1,435	467.294077
2006	563,190	7,243	77.756455
2005	377,672	7,243	52.143035

2	Total of line 1, column (d) ......................	2	1148.6436
3	Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by the number of years the foundation has been in existence if less than 5 years. . .	3	229.72872
4	Enter the net value of noncharitable-use assets for 2010 from Part X, line 5.....	4	0
5	Multiply line 4 by line 3.......................	5	0
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	0
7	Add lines 5 and 6.........................	7	0
8	Enter qualifying distributions from Part XII, line 4..............	8	595,489
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions on page 18.

Form 990-PF (2010)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A” on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	0
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2............................	3	0
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-).	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	0
6	Credits/Payments:

a	2010 estimated tax payments and 2009 overpayment credited to 2010	6a	416
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	416
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	416
11	Enter the amount of line 10 to be: Credited to 2011 estimated tax416	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of

the instructions for definition)?.............................

If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If “Yes,” attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If “Yes,” has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If “Yes,” attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.

Yes

Enter the states to which the foundation reports or with which it is registered (see page 19 of the

instructions) bullet

If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2010 or the taxable year beginning in 2010 (see instructions for Part XIV on

page 27)? If “Yes,” complete Part XIV...........................

Yes

Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses. Click to see attachment

Yes

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......

Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

www.rfc.museum

The books are in care of bullet

DONALD & MERA RUBELL Telephone no. bullet

(305) 913-1040

Located at bullet

311 LINCOLN RD SUITE 200Miami BeachFL ZIP+4 bullet

33139

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over

a bank, securities, or other financial account in a foreign country? .................

See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet

Form 990-PF (2010)

Page 5

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?.........................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?.................YesNo

(6) Agree to pay money or property to a government official? (Exception. Check “No”

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).........YesNo

If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...

Organizations relying on a current notice regarding disaster assistance check here......... bullet

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2010?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2010, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2010?...............YesNo

If “Yes,” list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business

enterprise at any time during the year?.....................YesNo

If “Yes,” did it have excess business holdings in 2010 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2010.)....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2010?

During the year did the foundation pay or incur any amount to:

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?...............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?........YesNo

If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?

Organizations relying on a current notice regarding disaster assistance check here......... bullet

If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?............YesNo

If “Yes,” attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay

premiums on a personal benefit contract?....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If “Yes” to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

Form 990-PF (2010)

Page 6

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
DONALD RUBELL	Director 0	0	0	0
311 Lincoln Road Suite 200 Miami Beach,FL33139	Director 0	0	0	0
MERA RUBELL	DIRECTOR 0	0	0	0
311 LINCOLN ROAD SUITE 200 Miami Beach,FL33139	DIRECTOR 0	0	0	0
JENNIFER RUBELL	DIRECTOR 0	0	0	0
311 LINCOLN ROAD SUITE 200 Miami Beach,FL33139	DIRECTOR 0	0	0	0
JASON RUBELL	DIRECTOR 0	0	0	0
311 LINCOLN ROAD SUITE 200 Miami Beach,FL33139	DIRECTOR 0	0	0	0
MARK COETZE	DIRECTOR 0	0	0	0
1650 James Avenue Miami Beach,FL33139	DIRECTOR 0	0	0	0
JUAN VALADEZ	DIRECTOR 40.0	85,000	0	0
1661 Ashton Court Miami,FL33145	DIRECTOR 40.0	85,000	0	0
LILIANA ZARIF	DIRECTOR 0	0	0	0
311 LINCOLN ROAD Miami Beach,FL33139	DIRECTOR 0	0	0	0
BARRY BRANT	DIRECTOR 0	0	0	0
515 E Las Olas Blvd 15FL Fort Lauderdale,FL33301	DIRECTOR 0	0	0	0
MICHELLE SIMKINS	DIRECTOR 0	0	0	0
510 LAKEVIEW COURT Miami Beach,FL33140	DIRECTOR 0	0	0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions). If none, enter “NONE.”
(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances










Total number of other employees paid over $50,000...................

3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.		Expenses
1	THE FOUNDATION OPERATES TO EXHIBIT THE RUBELL FAMILY COLLECTION OF CONTEMPORARY ART ON LOAN AS WELL AS OTHER PRIVATE AND MUSEUM COLLECTIONS AT ITS PRIMARY LOCATION.	178,647
2	THE FOUNDATION PARTICIPATES IN FORMAL EDUCATION OF ART AND ART HISTORY STUDENTS THROUGH CLASSES CONDUCTED AT THE FOUNDATION BY LOCAL HIGH SCHOOLS, COLLEGES & UNIVERSITIES.	416,842
3


4

Form 990-PF (2010)

Page 7

Part IX-B

Summary of Program-Related Investments (see page 23 of the instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.		Amount
1


2


All other program-related investments. See page 24 of the instructions.
3

Total. Add lines 1 through 3........................... bullet

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
see page 24 of the instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

Average of monthly cash balances.......................

Fair market value of all other assets (see page 24 of the instructions)............

Total (add lines 1a, b, and c).........................

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) ..............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d..........................

Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25

of the instructions) ............................

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

Minimum investment return. Enter 5% of line 5...................

Part XI

Distributable Amount (see page 25 of the instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

Tax on investment income for 2010 from Part VI, line 5......

Income tax for 2010. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

Distributable amount before adjustments. Subtract line 2c from line 1............

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4.............................

Deduction from distributable amount (see page 25 of the instructions)...........

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,

line 1.................................

Part XII

Qualifying Distributions (see page 25 of the instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

595,489

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes................................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

595,489

Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............

Adjusted qualifying distributions. Subtract line 5 from line 4...............

595,489

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2010)

Page 8

Part XIII

Undistributed Income (see page 26 of the instructions)

		(a) Corpus	(c) 2009	(d) 2010
1 Distributable amount for 2010 from Part XI, line 7				0
2 Undistributed income, if any, as of the end of 2010:
a Enter amount for 2009 only.......			0
b Total for prior years:2008, 2007, 2006
3 Excess distributions carryover, if any, to 2010:
a From 2005.......	377,310
b From 2006.......	562,828
c From 2007.......	677,903
d From 2008.......	845,410
e From 2009.......	557,325
fTotal of lines 3a through e.........		3,020,776
4Qualifying distributions for 2010 from Part
XII, line 4: $ 595,489
a Applied to 2009, but not more than line 2a			0
b Applied to undistributed income of prior years (Election required—see page 26 of the instructions)
c Treated as distributions out of corpus (Election required—see page 26 of the instructions)...
d Applied to 2010 distributable amount.....
e Remaining amount distributed out of corpus		595,489
5 Excess distributions carryover applied to 2010.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		3,616,265
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount—see page 27 of the instructions ...
e Undistributed income for 2009. Subtract line 4a from line 2a. Taxable amount—see page 27 of the instructions ...........			0
f Undistributed income for 2010. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2011 ..........				0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (see page 27 of the instructions) ...........
8Excess distributions carryover from 2005 not applied on line 5 or line 7 (see page 27 of the instructions) .............		377,310
9Excess distributions carryover to 2011. Subtract lines 7 and 8 from line 6a ......		3,238,955
10 Analysis of line 9:
a Excess from 2006....	562,828
b Excess from 2007....	677,903
c Excess from 2008....	845,410
d Excess from 2009....	557,325
e Excess from 2010....	595,489

Form 990-PF (2010)

Page 9

Part XIV

Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2010, enter the date of the ruling....... bullet

2008-12-22

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2010	(b) 2009	(c) 2008	(d) 2007	(e) Total
	0	0		72	72
b 85% of line 2a .........	0	0		61	61
c Qualifying distributions from Part XII, line 4 for each year listed .....	595,489	557,325	845,410	677,903	2,676,127
d Amounts included in line 2c not used directly for active conduct of exempt activities ....
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....	595,489	557,325	845,410	677,903	2,676,127
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets” alternative test—enter:
(1) Value of all assets ......	107,415	149,560	203,335	459,520	919,830
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)	107,415	149,560	203,335	459,520	919,830
b “Endowment” alternative test— enter 2⁄3 of minimum investment return shown in Part X, line 6 for each year listed...		-14	51	48	85
c “Support” alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....	0				0
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....	0				0
(3) Largest amount of support from an exempt organization	0				0
(4) Gross investment income	0				0

Part XV

Supplementary Information (Complete this part only if the organization had $5,000 or more in
assets at any time during the year—see page 27 of the instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

DONALD AND MERA RUBELL

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

NONE

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see page 28 of the instructions) to individuals or organizations
under other conditions, complete items 2a, b, c, and d.

aThe name, address, and telephone number of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2010)

Page 10

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year

Total ................................. 3a

bApproved for future payment

Total .................................. 3b

Form 990-PF (2010)

Page 11

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See page 28 of the instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount
aPROGRAM FEES					26,939
bVENUE RENTAL					20,561
cEXHIBITION FEES					25,000
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3Interest on savings and temporary cash investments
4 Dividends and interest from securities....
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6Net rental income or (loss) from personal property
7 Other investment income.....
8Gain or (loss) from sales of assets other than inventory
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..					15,920
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..					88,420

13Total. Add line 12, columns (b), (d), and (e)...................

1388,420

(See worksheet in line 13 instructions on page 28 to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See page 28 of the instructions.)
1	NOT APPLICABLE

Form 990-PF (2010)

Page 12

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section

Yes

501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash....................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements............................

1b(4)

(5) Loans or loan guarantees..............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........YesNo

If “Yes,” complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.

	Signature of officer or trustee	Date	Title

Preparer's Signature	Date	Check if self- employed	PTIN
Firm's name Firm's address		Firm's EIN
		Phone no.

Form 990-PF (2010)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

OMB No. 1545-0047

2010

Name of organization

Contemporary Arts Foundation Inc

Employer identification number

65-0632809

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, $5,000 or more (in money or
property) from any one contributor. Complete Parts I and II.

Special Rules

For a section 501(c)(3) organization filing Form 990 or 990-EZ, that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), and received from any one contributor, during the year, a contribution of the
greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For a section 501(c)(7), (8), or (10) organization filing Form 990, or 990-EZ, that received from any one contributor,
during the year, aggregate contributions of more than $1,000 for use exclusively for religious, charitable,
scientific, literary, or educational purposes, or the prevention of cruelty to children or animals. Complete Parts I, II, and
III.

For a section 501(c)(7), (8), or (10) organization filing Form 990, or 990-EZ, that received from any one contributor,
during the year, contributions for use exclusively for religious, charitable, etc., purposes, but these contributions did
not aggregate to more than $1,000. If this box is checked, enter here the total contributions that were received during
the year for an exclusively religious, charitable, etc., purpose. Do not complete any of the parts unless the General Rule
applies to this organization because it received nonexclusively religious, charitable, etc., contributions of $5,000 or more
during the year. ......................... Arrow Bullet

Caution. An Organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2 of its Form 990, or check the box in the heading of its
Form 990-EZ, or on line 2 of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

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

Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2010)

Name of organization Contemporary Arts Foundation Inc			Employer identification number 65-0632809
Schedule B (Form 990, 990-EZ, or 990-PF) (2010) Page 1 of 2 of Part I
Part I	Contributors (see Instructions)
(a) No.	(b) Name, address, and ZIP + 4	(c) Aggregate contributions		(d) Type of contribution
1	GREENVIEW ASSOCIATES 311 LINCOLN ROAD SUITE 200 MIAMI BEACH, FL 33139	$5,000		Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Aggregate contributions		(d) Type of contribution
2	ALBION ASSOCIATES LTD 311 LINCOLN ROAD MIAMI BEACH, FL 33139	$325,068		Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Aggregate contributions		(d) Type of contribution
3	US TRUST Bank of America NA 701 Brickell Avenue 8th Floor Miami, FL 33131	$30,000		Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Aggregate contributions		(d) Type of contribution
4	BRYAN VERONA 196 East 75th Street New York, NY 10021	$15,000		Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Aggregate contributions		(d) Type of contribution
5	AUDI OF AMERICA INC 3800 W HAMLIN ROAD AUBURN HILLS, MI 48326	$61,600		Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Aggregate contributions		(d) Type of contribution
6	Nobu Restaurant 1901 Collins Avenue Miami Beach, FL 33139	$7,500		Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
Schedule B (Form 990, 990-EZ, or 990-PF) (2010) Page 2 of 2 of Part I
Name of organization Contemporary Arts Foundation Inc			Employer identification number 65-0632809
Part I	Contributors (see Instructions)
(a) No.	(b) Name, address, and ZIP + 4	(c) Aggregate contributions		(d) Type of contribution
7	Donald Mera Rubell 311 Lincoln Road Suite 200 Miami Beach, FL 33139	$8,500		Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Aggregate contributions		(d) Type of contribution
		$		Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Aggregate contributions		(d) Type of contribution
		$		Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Aggregate contributions		(d) Type of contribution
		$		Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Aggregate contributions		(d) Type of contribution
		$		Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Aggregate contributions		(d) Type of contribution
		$		Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

Name of organization Contemporary Arts Foundation Inc
Schedule B (Form 990, 990-EZ, or 990-PF) (2010) Page 1 of 1 of Part II
Part II	Noncash Property (see Instructions)
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

Page 1 of 1 of Part III

Name of organization
Contemporary Arts Foundation Inc

Employer identification number

65-0632809

Part III

Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
aggregating more than $1,000 for the year. (Complete columns (a) through (e) and the following line entry.)
For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet

(a) No.
from
Part I

(b)
Purpose of gift

(d)
Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b)
Purpose of gift

(d)
Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b)
Purpose of gift

(d)
Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b)
Purpose of gift

(d)
Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

Additional Data

Software ID:
Software Version:

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2010 DepreciationSchedule

Name:

Contemporary Arts Foundation Inc

EIN: 65-0632809

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense
BOOKS	2002-03-15	483	402	M7	7
BOOKS	2002-04-15	1,115	940	M7	7
BOOKS	2002-05-15	233	195	M7	7
BOOKS	2002-06-15	631	532	M7	7
BOOKS	2002-07-15	175	149	M7	7
BOOKS	2002-11-15	666	577	M7	7
BOOKS	2002-12-15	38	32	M7	7
EQUIPMENT	2002-05-20	330	258	M5	5
EQUIPMENT	2002-05-22	1,877	1,469	M5	5
EQUIPMENT	2002-12-11	4,314	3,506	M5	5
EQUIPMENT	2002-12-31	13,827	11,235	M5	5
BOOKS	2003-07-01	2,551	1,709	M7		114
EQUIPMENT	2004-07-09	7,200	5,327	M5
EQUIPMENT	2004-08-24	5,500	4,071	M5
EQUIPMENT	2004-12-31	798	591	M5
SECURITY SYSTEM	2004-10-28	22,851	16,908	M5
FURNITURE	2004-05-04	5,000	3,360	M7		446
FURNITURE	2004-05-04	5,000	3,360	M7		446
FURNITURE	2004-05-06	921	619	M7		82
FURNITURE	2004-05-25	2,000	1,345	M7		179
FURNITURE	2004-05-25	2,000	1,345	M7		179
FURNITURE	2004-06-01	17,019	11,441	M7		1,520
FURNITURE	2004-06-03	6,518	4,381	M7		582
FURNITURE	2004-07-14	6,319	4,247	M7		564
FURNITURE	2004-08-11	4,025	2,706	M7		359
FURNITURE	2004-08-11	4,025	2,706	M7		359
FURNITURE	2004-09-17	3,265	2,195	M7		292
FURNITURE	2004-10-12	8,350	5,613	M7		746
BOOKS	2004-07-01	3,022	2,032	M7		270
OFFICE EQUIPMENT	2005-06-01	11,547	8,971	M7		1,030
COMPUTER EQUIPMENT	2005-06-01	8,568	8,075	M5		493
FURNITURE	2005-01-14	2,039	1,584	M7		182
BOOKS	2005-06-03	88	69	M7		8
BOOKS	2005-08-23	2,343	1,821	M7		209
BOOKS	2005-06-01	3,237	2,515	M7		289
EQUIPMENT	2006-04-07	1,030	869	M5		117
EQUIPMENT	2006-05-05	1,580	1,333	M5		180
EQUIPMENT	2006-05-19	676	571	M5		77
EQUIPMENT	2006-11-28	296	234	M5		32
EQUIPMENT	2006-12-31	35,644	28,330	M5		3,899
COMPUTER EQUIPMENT	2006-03-30	1,897	1,662	M5		209
COMPUTER EQUIPMENT	2006-12-31	5,859	4,657	M5		641
FURNITURE	2006-12-31	831	540	M7		83
BOOKS	2006-01-30	61	44	M7		5
BOOKS	2006-03-17	434	315	M7		38
BOOKS	2006-03-30	53	38	M7		5
BOOKS	2006-03-30	238	173	M7		21
BOOKS	2006-06-28	25,279	17,708	M7		2,242
BOOKS	2006-08-25	27	19	M7		3
BOOKS	2006-09-11	5,630	3,798	M7		524
BOOKS	2006-09-18	27	19	M7		3
BOOKS	2006-09-28	65	44	M7		6
BOOKS	2006-10-26	148	96	M7		15
BOOKS	2006-10-30	36	23	M7		4
BOOKS	2006-12-21	1,997	1,295	M7		200
BOOKS	2006-12-31	2,712	1,759	M7		272
EQUIPMENT	2007-04-30	5,697	4,056	M5		656
EQUIPMENT	2007-07-31	1,349	961	M5		155
EQUIPMENT	2007-10-31	1,644	1,171	M5		189
COMPUTER EQUIPMENT	2007-05-21	2,421	1,724	M5		279
COMPUTER EQUIPMENT	2007-07-31	1,386	987	M5		160
COMPUTER EQUIPMENT	2007-08-31	5,627	4,006	M5		648
COMPUTER EQUIPMENT	2007-09-30	3,550	2,528	M5		409
COMPUTER EQUIPMENT	2007-11-30	2,635	1,876	M5		304
COMPUTER EQUIPMENT	2007-12-28	6,854	4,880	M5		790
FURNITURE	2007-01-31	859	483	M7		107
FURNITURE	2007-05-01	21,404	12,045	M7		2,673
FURNITURE	2007-05-21	12,393	6,974	M7		1,548
FURNITURE	2007-06-27	13,950	7,849	M7		1,742
FURNITURE	2007-06-27	13,950	7,849	M7		1,742
FURNITURE	2007-07-31	6,350	3,573	M7		793
FURNITURE	2007-08-13	13,950	7,849	M7		1,742
FURNITURE	2007-08-13	17,492	9,843	M7		2,185
FURNITURE	2007-08-27	21,759	12,244	M7		2,718
FURNITURE	2007-08-31	2,580	1,452	M7		322
FURNITURE	2007-09-13	2,440	1,374	M7		305
FURNITURE	2007-09-13	4,336	2,440	M7		542
FURNITURE	2007-09-30	1,073	604	M7		134
SECURITY SYSTEM	2007-12-28	1,148	817	M5		132
BOOKS	2007-01-31	118	67	M7		15
BOOKS	2007-04-30	450	253	M7		56
BOOKS	2007-05-21	485	273	M7		61
BOOKS	2007-06-30	2,045	1,151	M7		255
BOOKS	2007-07-31	729	411	M7		91
BOOKS	2007-08-31	702	395	M7		88
EQUIPMENT	2008-02-28	1,514	393	M5		291
EQUIPMENT	2008-06-27	4,545	1,181	M5		873
EQUIPMENT	2008-08-21	1,524	396	M5		293
FURNITURE	2008-02-13	15,207	2,948	M7		2,660
FURNITURE	2008-03-31	1,053	204	M7		184
FURNITURE	2008-09-26	1,270	247	M7		222
BOOKS	2008-02-13	321	62	M7		56
BOOKS	2008-02-21	89	17	M7		16
BOOKS	2008-03-14	322	62	M7		56
BOOKS	2008-04-25	147	28	M7		26
BOOKS	2008-05-16	58	11	M7		10
BOOKS	2008-05-27	70	14	M7		12
BOOKS	2008-06-27	70	14	M7		12
BOOKS	2008-07-22	1,628	315	M7		285
BOOKS	2008-08-21	55	11	M7		10
BOOKS	2008-09-26	95	19	M7		17
BOOKS	2008-10-23	154	30	M7		27
BOOKS	2008-11-28	50	10	M7		9
BOOKS	2008-12-29	43	8	M7		8
EQUIPMENT	2009-10-28	3,500	88	M5		665
EQUIPMENT	2009-12-18	780	20	M5		148
BOOKS	2009-01-22	47	6	M7		5
BOOKS	2009-02-23	36	5	M7		4
BOOKS	2009-03-27	65	8	M7		7
BOOKS	2009-06-18	59	5	M7		7
BOOKS	2009-11-30	105	2	M7		14
BOOKS	2009-12-14	447	8	M7		61
EQUIPMENT	2010-01-29	312		M5		31
EQUIPMENT	2010-11-29	3,319		M5
EQUIPMENT	2010-12-30	14,941		M5
COMPUTER EQUIPMENT	2010-06-25	3,404		M5		340
COMPUTER EQUIPMENT	2010-11-29	503		M5
BOOKS	2010-03-26	263		M7		19

- TIN:

TY 2010 LandEtcSchedule2

Name:

Contemporary Arts Foundation Inc

EIN: 65-0632809

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value
BOOKS	483	402	81
BOOKS	1,115	940	175
BOOKS	233	195	38
BOOKS	631	532	99
BOOKS	175	149	26
BOOKS	666	577	89
BOOKS	38	32	6
EQUIPMENT	330	258	72
EQUIPMENT	1,877	1,469	408
EQUIPMENT	4,314	3,506	808
EQUIPMENT	13,827	11,235	2,592
BOOKS	2,551	1,823	728
EQUIPMENT	7,200	5,327	1,873
EQUIPMENT	5,500	4,071	1,429
EQUIPMENT	798	591	207
SECURITY SYSTEM	22,851	16,908	5,943
FURNITURE	5,000	3,806	1,194
FURNITURE	5,000	3,806	1,194
FURNITURE	921	701	220
FURNITURE	2,000	1,524	476
FURNITURE	2,000	1,524	476
FURNITURE	17,019	12,961	4,058
FURNITURE	6,518	4,963	1,555
FURNITURE	6,319	4,811	1,508
FURNITURE	4,025	3,065	960
FURNITURE	4,025	3,065	960
FURNITURE	3,265	2,487	778
FURNITURE	8,350	6,359	1,991
BOOKS	3,022	2,302	720
OFFICE EQUIPMENT	11,547	10,001	1,546
COMPUTER EQUIPMENT	8,568	8,568
FURNITURE	2,039	1,766	273
BOOKS	88	77	11
BOOKS	2,343	2,030	313
BOOKS	3,237	2,804	433
EQUIPMENT	1,030	986	44
EQUIPMENT	1,580	1,513	67
EQUIPMENT	676	648	28
EQUIPMENT	296	266	30
EQUIPMENT	35,644	32,229	3,415
COMPUTER EQUIPMENT	1,897	1,871	26
COMPUTER EQUIPMENT	5,859	5,298	561
FURNITURE	831	623	208
BOOKS	61	49	12
BOOKS	434	353	81
BOOKS	53	43	10
BOOKS	238	194	44
BOOKS	25,279	19,950	5,329
BOOKS	27	22	5
BOOKS	5,630	4,322	1,308
BOOKS	27	22	5
BOOKS	65	50	15
BOOKS	148	111	37
BOOKS	36	27	9
BOOKS	1,997	1,495	502
BOOKS	2,712	2,031	681
EQUIPMENT	5,697	4,712	985
EQUIPMENT	1,349	1,116	233
EQUIPMENT	1,644	1,360	284
COMPUTER EQUIPMENT	2,421	2,003	418
COMPUTER EQUIPMENT	1,386	1,147	239
COMPUTER EQUIPMENT	5,627	4,654	973
COMPUTER EQUIPMENT	3,550	2,937	613
COMPUTER EQUIPMENT	2,635	2,180	455
COMPUTER EQUIPMENT	6,854	5,670	1,184
FURNITURE	859	590	269
FURNITURE	21,404	14,718	6,686
FURNITURE	12,393	8,522	3,871
FURNITURE	13,950	9,591	4,359
FURNITURE	13,950	9,591	4,359
FURNITURE	6,350	4,366	1,984
FURNITURE	13,950	9,591	4,359
FURNITURE	17,492	12,028	5,464
FURNITURE	21,759	14,962	6,797
FURNITURE	2,580	1,774	806
FURNITURE	2,440	1,679	761
FURNITURE	4,336	2,982	1,354
FURNITURE	1,073	738	335
SECURITY SYSTEM	1,148	949	199
BOOKS	118	82	36
BOOKS	450	309	141
BOOKS	485	334	151
BOOKS	2,045	1,406	639
BOOKS	729	502	227
BOOKS	702	483	219
EQUIPMENT	1,514	684	830
EQUIPMENT	4,545	2,054	2,491
EQUIPMENT	1,524	689	835
FURNITURE	15,207	5,608	9,599
FURNITURE	1,053	388	665
FURNITURE	1,270	469	801
BOOKS	321	118	203
BOOKS	89	33	56
BOOKS	322	118	204
BOOKS	147	54	93
BOOKS	58	21	37
BOOKS	70	26	44
BOOKS	70	26	44
BOOKS	1,628	600	1,028
BOOKS	55	21	34
BOOKS	95	36	59
BOOKS	154	57	97
BOOKS	50	19	31
BOOKS	43	16	27
EQUIPMENT	3,500	753	2,747
EQUIPMENT	780	168	612
BOOKS	47	11	36
BOOKS	36	9	27
BOOKS	65	15	50
BOOKS	59	12	47
BOOKS	105	16	89
BOOKS	447	69	378
EQUIPMENT	312	31	281
EQUIPMENT	3,319		3,319
EQUIPMENT	14,941		14,941
COMPUTER EQUIPMENT	3,404	340	3,064
COMPUTER EQUIPMENT	503		503
BOOKS	263	19	244

- TIN:

TY 2010 OtherAssetsSchedule

Name:

Contemporary Arts Foundation Inc

EIN: 65-0632809

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
DEPOSITS	170	170	170
ARTWORK	78,243	78,243	67,353

- TIN:

TY 2010 OtherExpensesSchedule

Name:

Contemporary Arts Foundation Inc

EIN: 65-0632809

Description	Revenue and Expenses per Books	Disbursements for Charitable Purposes
ART WORK TREATMENT	583	583
ART WORK INSTALLATION	7,852	7,852
ART WORK FRAMING	2,070	2,070
AUTOMOBILE EXPENSE	825	825
BANK SERVICE CHARGES	2,846	2,846
CREDIT CARD FEES (VI/MC)	3,499	3,499
COMPUTER EXPENSE	1,630	1,630
DUES AND SUBSCRIPTIONS	786	786
EQUIPMENT RENTAL	624	624
INSURANCE	119,071	119,071
LICENSES AND PERMITS	611	611
LIBRARY SUPPLIES	291	291
OFFICE SUPPLIES & EXPENSE	2,703	2,703
POSTAGE AND DELIVERY	4,999	4,999
ADVERTISING-DIRECT MAIL	138	138
PUBLIC RELATIONS & MARKETING	37,509	37,509
SHIPPING/DELIVERY-ARTWORK	8,572	8,572
STORAGE EXPENSE	9,406	9,406
PAYROLL PROCESSING FEES	2,320	2,320
CONTRACT LABOR	3,130	3,130
TELEPHONE	5,398	5,398
REPAIRS AND MAINTENANCE	43,363	43,363
UTILITIES	32,658	32,658

- TIN:

TY 2010 OtherIncomeSchedule2

Name:

Contemporary Arts Foundation Inc

EIN: 65-0632809

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
PROGRAM FEES	26,939
VENUE RENTAL	20,561
EXHIBITION FEES	25,000

- TIN:

TY 2010 OtherLiabilitiesSchedule

Name:

Contemporary Arts Foundation Inc

EIN: 65-0632809

Description	Beginning of Year - Book Value	End of Year - Book Value
OTHER LIABILITIES	2,742	2,093
DUE TO CAPITOL HOSPITALITY	0	40,000

- TIN:

TY 2010 SalesOfInventoryList

Name:

Contemporary Arts Foundation Inc

EIN: 65-0632809

Category	Gross Sales	Cost of Goods Sold	Net (Gross Sales Minus Cost of Goods Sold)
BOOK/CATALOG SALES	74,502		74,502

- TIN:

TY 2010 SubstantialContributorsSch

Name:

Contemporary Arts Foundation Inc

EIN: 65-0632809

Name	Address
ALBION ASSOCIATES LTD	311 LINCOLN ROAD MIAMI BEACH,FL33139

- TIN:

TY 2010 TaxesSchedule

Name:

Contemporary Arts Foundation Inc

EIN: 65-0632809

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
PAYROLL TAXES	20,180			20,180
OTHER TAXES	5,001			5,001