Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015
Name of foundation
Contemporary Arts Foundation Inc
 
% DONALD & MERA RUBELL
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 or province, country, and ZIP or foreign postal code
Miami Beach, FL33139
A Employer identification number

65-0632809
B Telephone number (see instructions)

(305) 913-1040
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$3,919,445J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I 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 instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 2,338,988
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...      
5a Gross rents............ 90,000   90,000
b Net rental income or (loss) 25,276
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)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 75,438
b Less: Cost of goods sold.... 71,508
c Gross profit or (loss) (attach schedule)..... Click to see attachment 3,930  
11 Other income (attach schedule)....... Click to see attachment 490,671    
12 Total. Add lines 1 through 11........ 2,923,589 0 90,000
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 97,000     97,000
14 Other employee salaries and wages...... 236,255     236,255
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... 60,419     60,419
17 Interest............... 42,156   21,078 21,078
18 Taxes (attach schedule) (see instructions)... Click to see attachment 60,008   13,772 39,280
19 Depreciation (attach schedule) and depletion... Click to see attachment 36,779   15,246
20 Occupancy..............        
21 Travel, conferences, and meetings....... 15,494     15,494
22 Printing and publications.......... 2,436     2,436
23 Other expenses (attach schedule)....... Click to see attachment 523,425   11,048 512,377
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,073,972 0 61,144 984,339
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 1,073,972 0 61,144 984,339
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,849,617
b Net investment income (if negative, enter -0-) 0
c Adjusted net income (if negative, enter -0-)... 28,856
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. -21,587 37,477 37,477
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use.............. 48,536 48,536 48,536
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 bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet2,086,212
Less: accumulated depreciation (attach schedule) bullet672,369 1,431,027 Click to see attachment1,413,843 1,413,843
15 Other assets (describe bullet) Click to see attachment669,589 Click to see attachment2,419,589 Click to see attachment2,419,589
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,127,565 3,919,445 3,919,445
Liabilities 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)...... 1,229,237 1,168,701
22 Other liabilities (describe bullet) Click to see attachment4,852 Click to see attachment7,651
23 Total liabilities (add lines 17 through 22)......... 1,234,089 1,176,352
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
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 893,476 2,743,093
30 Total net assets or fund balances (see instructions)..... 893,476 2,743,093
31 Total liabilities and net assets/fund balances (see instructions). 2,127,565 3,919,445
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
893,476
2
Enter amount from Part I, line 27a .....................
2
1,849,617
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
2,743,093
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
2,743,093
Form 990-PF (2015)
Form 990-PF (2015)
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 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(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) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 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 instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 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?
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 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))
2014 800,059 852,525 0.938458
2013 725,535 857,562 0.846044
2012 654,135 288,933 2.263968
2011 629,612 133,733 4.707978
2010 595,489 0 0.0
2
Total of line 1, column (d) .....................
28.756448
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
1.75129
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
2,614,508
5
Multiply line 4 by line 3......................
5
4,578,762
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
0
7
Add lines 5 and 6........................
7
4,578,762
8
Enter qualifying distributions from Part XII, line 4.............
8
984,339
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.
Form 990-PF (2015)
Form 990-PF (2015)
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 Bullet and enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 0
hereBulletand 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 2015 estimated tax payments and 2014 overpayment credited to 2015 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. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 416
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet416 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
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.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
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$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
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....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
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?................
    6
    Yes
     
    7
    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..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletFL
    b
    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 .
    8b
    Yes
     
    9
    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 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
    Yes
     
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. Click to see attachment...............................
    10
    Yes
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    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 instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletwww.rfc.museum
    14
    The books are in care ofbulletDONALD & MERA RUBELL Telephone no.bullet (305) 913-1040

    Located atbullet311 LINCOLN RD SUITE 200Miami BeachFL ZIP+4bullet33139
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    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
    No
    1a
    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?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (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)?...............
    (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.).......
    b
    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 instructions)? ........
    1b
     
    No
    ........bullet
    c
    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 2015?.............
    1c
     
    No
    2
    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)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    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 instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 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 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    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 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    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))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    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 instructions)? ......
    5b
     
     
    .........bullet
    c
    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?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    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 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
    40.0     		0    
    311 Lincoln Road Suite 200
    Miami Beach,FL33139
    MERA RUBELL DIRECTOR
    0     		0    
    311 LINCOLN ROAD SUITE 200
    Miami Beach,FL33139
    JENNIFER RUBELL DIRECTOR
    0     		0    
    311 LINCOLN ROAD SUITE 200
    Miami Beach,FL33139
    JASON RUBELL DIRECTOR
    0     		0    
    311 LINCOLN ROAD SUITE 200
    Miami Beach,FL33139
    MARK COETZE DIRECTOR
    0     		0    
    1650 James Avenue
    Miami Beach,FL33139
    JUAN VALADEZ DIRECTOR
    40.0     		97,000    
    1661 Ashton Court
    Miami,FL33145
    LILIANA ZARIF DIRECTOR
    0     		0    
    311 LINCOLN ROAD
    Miami Beach,FL33139
    BARRY BRANT DIRECTOR
    0     		0    
    515 E Las Olas Blvd 15FL
    Fort Lauderdale,FL33301
    MICHELLE SIMKINS DIRECTOR
    0     		0    
    510 LAKEVIEW COURT
    Miami Beach,FL33140
    2 Compensation of five highest-paid employees (other than those included on line 1—see 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...................bullet  
    3 Five highest-paid independent contractors for professional services (see 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. 295,301
    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. 689,036
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see 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 instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    0
    b
    Average of monthly cash balances.......................
    1b
    481
    c
    Fair market value of all other assets (see instructions)................
    1c
    3,822,542
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,823,023
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    1,168,700
    3
    Subtract line 2 from line 1d.........................
    3
    2,654,323
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    39,815
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,614,508
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    130,725
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
     
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
     
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    984,339
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    984,339
    5
    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 instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    984,339
    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 (2015)
    Form 990-PF (2015)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2014     		(c)
    2014     		(d)
    2015
    1 Distributable amount for 2015 from Part XI, line 7 0
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 0
    b Total for prior years:2013, 2012, 2011 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 595,489
    b From 2011...... 629,612
    c From 2012...... 654,135
    d From 2013...... 725,535
    e From 2014...... 800,059
    fTotal of lines 3a through e........ 3,404,830
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 984,339
    a Applied to 2014, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2015 distributable amount.....  
    e Remaining amount distributed out of corpus 984,339
    5 Excess distributions carryover applied to 2015.    
    (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 4,389,169
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    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 instructions ...........     		0
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		595,489
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		3,793,680
    10 Analysis of line 9:
    a Excess from 2011.... 629,612
    b Excess from 2012.... 654,135
    c Excess from 2013.... 725,535
    d Excess from 2014.... 800,059
    e Excess from 2015.... 984,339
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see 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 2015, 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 section or
    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) 2015 (b) 2014 (c) 2013 (d) 2012
    28,856 30,181 21,266 0 80,303
    b 85% of line 2a ......... 24,528 25,654 18,076 0 68,258
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		984,339 800,059 725,535 654,135 3,164,068
    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 ....     		984,339 800,059 725,535 654,135 3,164,068
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ...... 3,919,445 2,116,673 2,101,437 1,664,847 9,802,402
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		 3,919,445 2,149,652 2,142,514 1,619,346 9,830,957
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    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 0 0 0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		0 0 0 0 0
    (3) Largest amount of support
    from an exempt organization    		 0 0 0 0 0
    (4) Gross investment income 0 0 0 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 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
    aThe name, address, and telephone number or email address 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 (2015)
    Form 990-PF (2015)
    Page 11
    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)
    aPaid during the year
    Total .................................bullet 3a  
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    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 instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    aPROGRAM FEES         38,560
    bVENUE RENTAL         174,059
    cEXHIBITION FEES         278,052
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		         
    4 Dividends and interest from securities....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property...... 531120 25,276      
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property     		         
    7 Other investment income.....          
    8
    Gain 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..         3,930
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 25,276   494,601
    13Total. Add line 12, columns (b), (d), and (e)..................
    13519,877
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    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
    2a
    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?...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    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) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2015)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2015
    Name of the organization
    Contemporary Arts Foundation Inc
     
    Employer identification number

    65-0632809
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    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
    Special Rules
    ......... 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 on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, 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) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015) Page 2
    Name of organization
    Contemporary Arts Foundation Inc
          		Employer identification number
    65-0632809
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    RUBELL HOTELS  
    311 LINCOLN ROAD SUITE 200
     
    MIAMI BEACH, FL33139

    		$ 84,675


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
     
     

    GREENVIEW ASSOCIATES  
    311 LINCOLN ROAD SUITE 200
     
    MIAMI BEACH, FL33139

    		$ 15,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
     
     

    ALBION ASSOCIATES LTD  
    311 LINCOLN ROAD
     
    MIAMI BEACH, FL33139

    		$ 194,139


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
     
     

    Bank of America NA  
    701 Brickell Avenue 8th Floor
     
    Miami, FL33131

    		$ 50,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
     
     

    Capitol Hospitality LLC  
    311 LINCOLN ROAD SUITE 200
     
    MIAMI BEACH, FL33139

    		$ 30,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    6
     
     

    RUBELL FAMILY COLLECTION LTD  
    311 LINCOLN ROAD SUITE 200
     
    MIAMI, FL33139

    		$ 1,750,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Name of organization
    Contemporary Arts Foundation Inc
          		Employer identification number
    65-0632809
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    7
     
     

    Donald Mera Rubell  
    311 Lincoln Road Suite 200
     
    Miami Beach, FL33139

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    8
     
     

    Parmigiani Fleurier Distribution  
    285 NW 26th Street
     
    Miami, FL33127

    		$ 37,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    9
     
     

    Farfetch UK Limited  
    90-98 Goswell Road
     
    London,   EC1V 7DFUK

    		$ 29,975


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    10
     
     

    Conde Nast  
    1 World Trade Center 32nd Floor
     
    New York, NY10007

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    11
     
     

    Loewe LLC  
    598 Madison Avenue
     
    New York, NY11221

    		$ 8,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    12
     
     

    AXA Art Americas Corp  
    3 W 35 Street
     
    New York, NY10001

    		$ 5,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Name of organization
    Contemporary Arts Foundation Inc
          		Employer identification number
    65-0632809
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    13
     
     

    JD Concierge Services  
    118 E 25th Street 8
     
    New York, NY10010

    		$ 75,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 3
    Name of organization
    Contemporary Arts Foundation Inc
          		Employer identification number

    65-0632809
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    6
    		 Artwork - Wade Guyton, Untitled 2007 (Epson UltraChrome inkjet on linen 84 1/4 x 69 inches) $ 1,750,000 2015-06-01
    (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) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 4
    Name of organization
    Contemporary Arts Foundation Inc
          		Employer identification number

    65-0632809
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. 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 $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use 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 (c) Use 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 (c) Use 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 (c) Use 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) (2015)

    Additional Data


    Software ID:  
    Software Version:  

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

    TY 2015 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 Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    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 1,823 M7          
    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 4,029 M7          
    FURNITURE 2004-05-04 5,000 4,029 M7          
    FURNITURE 2004-05-06 921 742 M7          
    FURNITURE 2004-05-25 2,000 1,613 M7          
    FURNITURE 2004-05-25 2,000 1,613 M7          
    FURNITURE 2004-06-01 17,019 13,720 M7          
    FURNITURE 2004-06-03 6,518 5,254 M7          
    FURNITURE 2004-07-14 6,319 5,093 M7          
    FURNITURE 2004-08-11 4,025 3,245 M7          
    FURNITURE 2004-08-11 4,025 3,245 M7          
    FURNITURE 2004-09-17 3,265 2,633 M7          
    FURNITURE 2004-10-12 8,350 6,731 M7          
    BOOKS 2004-07-01 3,022 2,437 M7          
    OFFICE EQUIPMENT 2005-06-01 11,547 11,547 M7          
    COMPUTER EQUIPMENT 2005-06-01 8,568 8,568 M5          
    FURNITURE 2005-01-14 2,039 2,039 M7          
    BOOKS 2005-06-03 88 88 M7          
    BOOKS 2005-08-23 2,343 2,343 M7          
    BOOKS 2005-06-01 3,237 3,237 M7          
    EQUIPMENT 2006-04-07 1,030 1,030 M5          
    EQUIPMENT 2006-05-05 1,580 1,580 M5          
    EQUIPMENT 2006-05-19 676 676 M5          
    EQUIPMENT 2006-11-28 296 294 M5          
    EQUIPMENT 2006-12-31 35,644 35,644 M5          
    COMPUTER EQUIPMENT 2006-03-30 1,897 1,897 M5          
    COMPUTER EQUIPMENT 2006-12-31 5,859 5,859 M5          
    FURNITURE 2006-12-31 831 831 M7          
    BOOKS 2006-01-30 61 60 M7          
    BOOKS 2006-03-17 434 434 M7          
    BOOKS 2006-03-30 53 53 M7          
    BOOKS 2006-03-30 238 238 M7          
    BOOKS 2006-06-28 25,279 25,276 M7          
    BOOKS 2006-08-25 27 27 M7          
    BOOKS 2006-09-11 5,630 5,630 M7          
    BOOKS 2006-09-18 27 27 M7          
    BOOKS 2006-09-28 65 65 M7          
    BOOKS 2006-10-26 148 148 M7          
    BOOKS 2006-10-30 36 36 M7          
    BOOKS 2006-12-21 1,997 1,996 M7          
    BOOKS 2006-12-31 2,712 2,712 M7          
    EQUIPMENT 2007-04-30 5,697 5,696 M5          
    EQUIPMENT 2007-07-31 1,349 1,349 M5          
    EQUIPMENT 2007-10-31 1,644 1,644 M5          
    COMPUTER EQUIPMENT 2007-05-21 2,421 2,421 M5          
    COMPUTER EQUIPMENT 2007-07-31 1,386 1,386 M5          
    COMPUTER EQUIPMENT 2007-08-31 5,627 5,626 M5          
    COMPUTER EQUIPMENT 2007-09-30 3,550 3,550 M5          
    COMPUTER EQUIPMENT 2007-11-30 2,635 2,635 M5          
    COMPUTER EQUIPMENT 2007-12-28 6,854 6,854 M5          
    FURNITURE 2007-01-31 859 859 M7          
    FURNITURE 2007-05-01 21,404 21,404 M7          
    FURNITURE 2007-05-21 12,393 12,393 M7          
    FURNITURE 2007-06-27 13,950 13,949 M7          
    FURNITURE 2007-06-27 13,950 13,949 M7          
    FURNITURE 2007-07-31 6,350 6,349 M7          
    FURNITURE 2007-08-13 13,950 13,949 M7          
    FURNITURE 2007-08-13 17,492 17,492 M7          
    FURNITURE 2007-08-27 21,759 21,759 M7          
    FURNITURE 2007-08-31 2,580 2,579 M7          
    FURNITURE 2007-09-13 2,440 2,440 M7          
    FURNITURE 2007-09-13 4,336 4,336 M7          
    FURNITURE 2007-09-30 1,073 1,073 M7          
    SECURITY SYSTEM 2007-12-28 1,148 1,147 M5          
    BOOKS 2007-01-31 118 118 M7          
    BOOKS 2007-04-30 450 449 M7          
    BOOKS 2007-05-21 485 485 M7          
    BOOKS 2007-06-30 2,045 2,045 M7          
    BOOKS 2007-07-31 729 729 M7          
    BOOKS 2007-08-31 702 702 M7          
    EQUIPMENT 2008-02-28 1,514 757 M5          
    EQUIPMENT 2008-06-27 4,545 2,272 M5          
    EQUIPMENT 2008-08-21 1,524 762 M5          
    FURNITURE 2008-02-13 15,207 7,603 M7          
    FURNITURE 2008-03-31 1,053 526 M7          
    FURNITURE 2008-09-26 1,270 635 M7          
    BOOKS 2008-02-13 321 160 M7          
    BOOKS 2008-02-21 89 44 M7          
    BOOKS 2008-03-14 322 161 M7          
    BOOKS 2008-04-25 147 73 M7          
    BOOKS 2008-05-16 58 29 M7          
    BOOKS 2008-05-27 70 35 M7          
    BOOKS 2008-06-27 70 35 M7          
    BOOKS 2008-07-22 1,628 814 M7          
    BOOKS 2008-08-21 55 27 M7          
    BOOKS 2008-09-26 95 47 M7          
    BOOKS 2008-10-23 154 77 M7          
    BOOKS 2008-11-28 50 25 M7          
    BOOKS 2008-12-29 43 21 M7          
    EQUIPMENT 2009-10-28 3,500 1,750 M5          
    EQUIPMENT 2009-12-18 780 390 M5          
    BOOKS 2009-01-22 47 23 M7          
    BOOKS 2009-02-23 36 18 M7          
    BOOKS 2009-03-27 65 32 M7          
    BOOKS 2009-06-18 59 29 M7          
    BOOKS 2009-11-30 105 52 M7          
    BOOKS 2009-12-14 447 223 M7          
    EQUIPMENT 2010-01-29 312 147 M5   9      
    EQUIPMENT 2010-11-29 3,319 0 M5          
    EQUIPMENT 2010-12-30 14,941 0 M5          
    COMPUTER EQUIPMENT 2010-06-25 3,404 1,604 M5   98      
    COMPUTER EQUIPMENT 2010-11-29 503 0 M5          
    BOOKS 2010-03-26 263 102 M7   12      
    SECURITY EQUIPMENT 2011-12-16 4,500 0 M5          
    WAREHOUSE-BUILDING 2011-12-09 1,148,847 89,597 M39   29,456      
    BLD IMPROV-WAREHOU 2011-12-21 8,250 645 M39   212      
    BLD IMPROV-MUSEUM 2011-09-13 15,000 1,267 M39   385      
    WAREHOUSE-LAND 2011-12-09 287,212   L          
    BLD IMPROV-WARHOUS 2012-01-27 11,534 876 M39   296      
    WAREHOUSE ADDITION 2012-07-10 20,606 1,299 M39   528      
    BLD IMPROV-MUSEUM 2012-05-14 30,000 2,019 M39   769      
    BLD IMPROVE-MUSEUM 2012-07-10 10,000 630 M39   256      
    BLD IMPROV-MUSEUM 2012-08-21 7,515 458 M39   193      
    EQUIPMENT 2012-06-18 6,500 2,314 M5   374      
    EQUIPMENT 2012-08-21 939 334 M5   54      
    EQUIPMENT 2012-11-01 1,549 552 M5   89      
    COMPUTER EQUIPMENT 2012-06-18 576 205 M5   33      
    BOOKS 2012-03-01 1,836 517 M7   115      
    BOOKS 2012-04-23 328 92 M7   20      
    BOOKS 2012-05-31 504 142 M7   31      
    BOOKS 2012-06-18 1,100 310 M7   69      
    BOOKS 2012-09-25 115 32 M7   7      
    BLD IMPROV-MUSEUM 2013-01-02 7,810 392 M39   200      
    PARKING-MUSUEM 2013-10-28 7,500 418 M15   333      
    EQUIPMENT 2013-04-01 3,153 867 M5   284      
    EQUIPMENT 2013-11-27 690 148 M5   79      
    EQUIPMENT 2013-12-11 2,365 508 M5   269      
    EQUIPMENT 2013-12-19 8,156 1,754 M5   930      
    SECURITY EQUIPMENT 2013-01-03 638 195 M5   50      
    SECURITY EQUIPMENT 2013-03-14 1,046 319 M5   82      
    SECURITY EQUIPMENT 2013-05-17 1,171 322 M5   105      
    EQUIPMENT 2014-01-06 1,190 119 M5   190      
    EQUIPMENT 2014-06-11 675 67 M5   108      
    COMPUTER EQUIPMENT 2014-07-15 1,635 163 M5   261      
    COMPUTER EQUIPMENT 2014-07-15 1,015 101 M5   162      
    COMPUTER EQUIPMENT 2014-09-29 1,053 105 M5   168      
    FURNITURE 2014-11-28 1,409 101 M7   172      
    FURNITURE 2014-11-28 1,612 115 M7   197      
    BOOKS 2014-09-29 821 59 M7   100      
    BLD IMPROV-MUSEUM 2015-10-30 9,250   M39   49      
    BLD IMPROV-MUSEUM 2015-11-25 9,250   M39   30      
    BLD IMPROV-MUSEUM 2015-11-30 1,095   M39   4      

    TY 2015 LandEtcSchedule2
    Name:
    Contemporary Arts Foundation Inc
    EIN:
    65-0632809
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market 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 4,029 971  
    FURNITURE 5,000 4,029 971  
    FURNITURE 921 742 179  
    FURNITURE 2,000 1,613 387  
    FURNITURE 2,000 1,613 387  
    FURNITURE 17,019 13,720 3,299  
    FURNITURE 6,518 5,254 1,264  
    FURNITURE 6,319 5,093 1,226  
    FURNITURE 4,025 3,245 780  
    FURNITURE 4,025 3,245 780  
    FURNITURE 3,265 2,633 632  
    FURNITURE 8,350 6,731 1,619  
    BOOKS 3,022 2,437 585  
    OFFICE EQUIPMENT 11,547 11,547    
    COMPUTER EQUIPMENT 8,568 8,568    
    FURNITURE 2,039 2,039    
    BOOKS 88 88    
    BOOKS 2,343 2,343    
    BOOKS 3,237 3,237    
    EQUIPMENT 1,030 1,030    
    EQUIPMENT 1,580 1,580    
    EQUIPMENT 676 676    
    EQUIPMENT 296 294 2  
    EQUIPMENT 35,644 35,644    
    COMPUTER EQUIPMENT 1,897 1,897    
    COMPUTER EQUIPMENT 5,859 5,859    
    FURNITURE 831 831    
    BOOKS 61 60 1  
    BOOKS 434 434    
    BOOKS 53 53    
    BOOKS 238 238    
    BOOKS 25,279 25,276 3  
    BOOKS 27 27    
    BOOKS 5,630 5,630    
    BOOKS 27 27    
    BOOKS 65 65    
    BOOKS 148 148    
    BOOKS 36 36    
    BOOKS 1,997 1,996 1  
    BOOKS 2,712 2,712    
    EQUIPMENT 5,697 5,696 1  
    EQUIPMENT 1,349 1,349    
    EQUIPMENT 1,644 1,644    
    COMPUTER EQUIPMENT 2,421 2,421    
    COMPUTER EQUIPMENT 1,386 1,386    
    COMPUTER EQUIPMENT 5,627 5,626 1  
    COMPUTER EQUIPMENT 3,550 3,550    
    COMPUTER EQUIPMENT 2,635 2,635    
    COMPUTER EQUIPMENT 6,854 6,854    
    FURNITURE 859 859    
    FURNITURE 21,404 21,404    
    FURNITURE 12,393 12,393    
    FURNITURE 13,950 13,949 1  
    FURNITURE 13,950 13,949 1  
    FURNITURE 6,350 6,349 1  
    FURNITURE 13,950 13,949 1  
    FURNITURE 17,492 17,492    
    FURNITURE 21,759 21,759    
    FURNITURE 2,580 2,579 1  
    FURNITURE 2,440 2,440    
    FURNITURE 4,336 4,336    
    FURNITURE 1,073 1,073    
    SECURITY SYSTEM 1,148 1,147 1  
    BOOKS 118 118    
    BOOKS 450 449 1  
    BOOKS 485 485    
    BOOKS 2,045 2,045    
    BOOKS 729 729    
    BOOKS 702 702    
    EQUIPMENT 1,514 1,514    
    EQUIPMENT 4,545 4,545    
    EQUIPMENT 1,524 1,524    
    FURNITURE 15,207 15,207    
    FURNITURE 1,053 1,053    
    FURNITURE 1,270 1,270    
    BOOKS 321 321    
    BOOKS 89 89    
    BOOKS 322 322    
    BOOKS 147 147    
    BOOKS 58 58    
    BOOKS 70 70    
    BOOKS 70 70    
    BOOKS 1,628 1,628    
    BOOKS 55 55    
    BOOKS 95 95    
    BOOKS 154 154    
    BOOKS 50 50    
    BOOKS 43 43    
    EQUIPMENT 3,500 3,500    
    EQUIPMENT 780 780    
    BOOKS 47 47    
    BOOKS 36 36    
    BOOKS 65 65    
    BOOKS 59 59    
    BOOKS 105 105    
    BOOKS 447 447    
    EQUIPMENT 312 312    
    EQUIPMENT 3,319 3,319    
    EQUIPMENT 14,941 14,941    
    COMPUTER EQUIPMENT 3,404 3,404    
    COMPUTER EQUIPMENT 503 503    
    BOOKS 263 246 17  
    SECURITY EQUIPMENT 4,500 4,500    
    WAREHOUSE-BUILDING 1,148,847 119,053 1,029,794  
    BLD IMPROV-WAREHOU 8,250 857 7,393  
    BLD IMPROV-MUSEUM 15,000 1,652 13,348  
    WAREHOUSE-LAND 287,212   287,212  
    BLD IMPROV-WARHOUS 11,534 1,172 10,362  
    WAREHOUSE ADDITION 20,606 1,827 18,779  
    BLD IMPROV-MUSEUM 30,000 2,788 27,212  
    BLD IMPROVE-MUSEUM 10,000 886 9,114  
    BLD IMPROV-MUSEUM 7,515 651 6,864  
    EQUIPMENT 6,500 5,938 562  
    EQUIPMENT 939 858 81  
    EQUIPMENT 1,549 1,416 133  
    COMPUTER EQUIPMENT 576 526 50  
    BOOKS 1,836 1,550 286  
    BOOKS 328 276 52  
    BOOKS 504 425 79  
    BOOKS 1,100 929 171  
    BOOKS 115 97 18  
    BLD IMPROV-MUSEUM 7,810 592 7,218  
    PARKING-MUSUEM 7,500 4,501 2,999  
    EQUIPMENT 3,153 2,728 425  
    EQUIPMENT 690 572 118  
    EQUIPMENT 2,365 1,960 405  
    EQUIPMENT 8,156 6,762 1,394  
    SECURITY EQUIPMENT 638 564 74  
    SECURITY EQUIPMENT 1,046 924 122  
    SECURITY EQUIPMENT 1,171 1,013 158  
    EQUIPMENT 1,190 904 286  
    EQUIPMENT 675 513 162  
    COMPUTER EQUIPMENT 1,635 1,242 393  
    COMPUTER EQUIPMENT 1,015 771 244  
    COMPUTER EQUIPMENT 1,053 800 253  
    FURNITURE 1,409 978 431  
    FURNITURE 1,612 1,118 494  
    BOOKS 821 570 251  
    BLD IMPROV-MUSEUM 9,250 49 9,201  
    BLD IMPROV-MUSEUM 9,250 30 9,220  
    BLD IMPROV-MUSEUM 1,095 4 1,091  


    TY 2015 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 669,419 2,419,419 2,419,419


    TY 2015 OtherExpensesSchedule
    Name:
    Contemporary Arts Foundation Inc
    EIN:
    65-0632809
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ART WORK TREATMENT 4,097     4,097
    ART WORK INSTALLATION 20,678     20,678
    ART WORK FRAMING 1,499     1,499
    AUTOMOBILE EXPENSE 1,096     1,096
    BANK SERVICE CHARGES 564     564
    CREDIT CARD FEES (VI/MC) 2,552     2,552
    COMPUTER EXPENSE 11,508     11,508
    DUES AND SUBSCRIPTIONS 4,600     4,600
    INSURANCE 174,744     174,744
    LICENSES AND PERMITS 1,672     1,672
    OFFICE SUPPLIES & EXPENSE 5,198     5,198
    POSTAGE AND DELIVERY 11,413     11,413
    SHIPPING/DELIVERY - ARTWORK 104,693     104,693
    STORAGE EXPENSE 31,727     31,727
    CONTRACT LABOR 12,275     12,275
    PAYROLL PROCESSING FEES 4,946     4,946
    SIMPLE IRA RETIREMENT PLAN 888     888
    TELEPHONE 6,880     6,880
    REPAIRS AND MAINTENANCE 46,230     46,230
    UTILITIES 53,874     53,874
    WAREHOUSE EXPENSES - INSURANCE 19,383   9,691 9,692
    WAREHOUSE EXPENSES - R&M 2,715   1,357 1,358
    LIBRARY SUPPLIES 193     193


    TY 2015 OtherIncomeSchedule2
    Name:
    Contemporary Arts Foundation Inc
    EIN:
    65-0632809
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PROGRAM FEES 38,560    
    VENUE RENTAL 174,059    
    EXHIBITION FEES 278,052    


    TY 2015 OtherLiabilitiesSchedule
    Name:
    Contemporary Arts Foundation Inc
    EIN:
    65-0632809
    Description Beginning of Year - Book Value End of Year - Book Value
    OTHER LIABILITIES 4,852 6,586
    SIMPLE IRA CONTRIBUTION PAYABLE 0 1,065


    TY 2015 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 75,438   75,438

    TY 2015 SubstantialContributorsSch
    Name:
    Contemporary Arts Foundation Inc
    EIN:
    65-0632809
    Name Address
    Farfetch UK Limited 90-98 Goswell Road
    London   EC1V 7DF
    UK
    Conde Nast 1 World Trade Center 32nd Floor
    New York,NY10007
    Loewe LLC 598 Madison Avenue
    New York,NY11221
    AXA Art Americas Corp 3 W 35 Street
    New York,NY10001
    JD Concierge Services 118 E 25th Street 8
    New York,NY10010


    TY 2015 TaxesSchedule
    Name:
    Contemporary Arts Foundation Inc
    EIN:
    65-0632809
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 25,508     25,508
    REAL ESTATE TAXES 27,544   13,772 13,772
    FEDERAL TAXES 6,956