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.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
THE KRANZBERG ARTS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)50 PICARDY LANE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ST LOUIS, MO63124
A Employer identification number

26-0482903
B Telephone number (see instructions)

(314) 514-8881
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... 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$15,199,992J 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) 3,770,954
2 Check bullet.............
3 Interest on savings and temporary cash investments 18,275 18,275 18,275
4 Dividends and interest from securities... 162 162 162
5a Gross rents............ 746,992 746,992 746,992
b Net rental income or (loss) 405,011
6a Net gain or (loss) from sale of assets not on line 10 16,435
b Gross sales price for all assets on line 6a 1,586,381
7 Capital gain net income (from Part IV, line 2)... 501,208
8 Net short-term capital gain......... 33,687
9 Income modifications...........  
10a Gross sales less returns and allowances 837,191
b Less: Cost of goods sold.... 286,468
c Gross profit or (loss) (attach schedule)..... 550,723 550,723
11 Other income (attach schedule)....... Click to see attachment 573,506 0 573,506
12 Total. Add lines 1 through 11........ 5,677,047 1,266,637 1,923,345
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 146,500 14,650 76,180 55,670
14 Other employee salaries and wages...... 796,750 79,675 414,310 302,765
15 Pension plans, employee benefits....... 150,339 15,037 78,176 57,128
16a Legal fees (attach schedule)......... Click to see attachment 32,106 0 16,695 15,411
b Accounting fees (attach schedule)....... Click to see attachment 35,361 7,072 18,388 9,901
c Other professional fees (attach schedule).... Click to see attachment 64,186 0 33,376 30,809
17 Interest............... 67,728 0 35,218 32,509
18 Taxes (attach schedule) (see instructions)... Click to see attachment 119,504 62,372 106,684 0
19 Depreciation (attach schedule) and depletion... Click to see attachment 293,087 67,002 293,087
20 Occupancy.............. 243,322 39,515 166,046 77,283
21 Travel, conferences, and meetings....... 3,665 0 1,906 1,759
22 Printing and publications.......... 10,737 0 5,538 5,154
23 Other expenses (attach schedule)....... Click to see list of attachments 1,326,872 173,092 800,341 527,530
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,290,157 458,415 2,045,945 1,115,919
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 3,290,157 458,415 2,045,945 1,115,919
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,386,890
b Net investment income (if negative, enter -0-) 808,222
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
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............. 1,729 310,359 310,359
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) bullet2,000,000
Less: allowance for doubtful accounts bullet0 2,000,000 2,000,000 2,000,000
8 Inventories for sale or use.............. 22,569 23,743 23,743
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 bullet4,442,951
Less: accumulated depreciation (attach schedule) bullet203,866 2,384,622 Click to see attachment4,239,085 4,442,951
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet8,421,939
Less: accumulated depreciation (attach schedule) bullet501,862 7,705,204 Click to see attachment7,920,077 8,421,939
15 Other assets (describe bullet) Click to see attachment1,000 Click to see attachment1,000 Click to see attachment1,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 12,115,124 14,494,264 15,199,992
Liabilities 17 Accounts payable and accrued expenses.......... 7,750  
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons 3,400,000 Click to see attachment3,400,000
21 Mortgages and other notes payable (attach schedule)...... 1,670,000 Click to see attachment1,670,000
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 5,077,750 5,070,000
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
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 bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 7,037,374 9,424,264
30 Total net assets or fund balances (see instructions)..... 7,037,374 9,424,264
31 Total liabilities and net assets/fund balances (see instructions). 12,115,124 14,494,264
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
7,037,374
2
Enter amount from Part I, line 27a .....................
2
2,386,890
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
9,424,264
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
9,424,264
Form 990-PF (2018)
Form 990-PF (2018)
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.)
1 a PUBLICLY TRADED SECURITIES      
b PUBLICLY TRADED SECURITIES      
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 248,411   214,724 33,687
b 1,337,970   870,449 467,521
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       33,687
b       467,521
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 2 501,208
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 33,687
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))
2017 4,848,362 2,736,096 1.772000
2016 941,571 716,985 1.313237
2015 1,776,365 825,442 2.152017
2014 171,361 470,068 0.364545
2013 2,123,356 131,279 16.174377
2
Total of line 1, column (d) .....................
2
21.776176
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
4.355235
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
2,602,209
5
Multiply line 4 by line 3......................
5
11,333,232
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
8,082
7
Add lines 5 and 6........................
7
11,341,314
8
Enter qualifying distributions from Part XII, line 4,.............
8
3,313,471
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 (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
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 16,164
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 0
3 Add lines 1 and 2........................... 3 16,164
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 16,164
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 8,600
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 12,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 20,600
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 143
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 4,293
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet4,293 RefundedBullet 11 0
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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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)
    bulletMO
    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 2018 or the taxable year beginning in 2018? See the 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. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    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.KRANZBERGARTSFOUNDATION.ORG
    14
    The books are in care ofbulletKENNETH S KRANZBERG Telephone no.bullet (314) 514-8881

    Located atbullet50 PICARDY LANEST LOUISMO ZIP+4bullet63124
    15
    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
    15
     
    16 At any time during calendar year 2018, 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 the instructions for exceptions and filing requirements for FinCEN Form 114. 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
     
     
    ........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 2018?.............
    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 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    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 2018 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 2018.)..................
    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 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    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:
    Yes
    No
    (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
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    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
    KENNETH S KRANZBERG TRUSTEE
    6.00     		0 0 0
    50 PICARDY LANE
    ST LOUIS,MO63124
    NANCY S KRANZBERG TRUSTEE
    6.00     		0 0 0
    50 PICARDY LANE
    ST LOUIS,MO63124
    MARY ANN SRENCO TRUSTEE
    6.00     		0 0 0
    50 PICARDY LANE
    ST LOUIS,MO63124
    CHRIS HANSEN FOUNDATION MANAGER
    40.00     		146,500 0 0
    3224 LOCUST STREET
    ST LOUIS,MO63103
    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
    BECKY HALE DIRECTOR OF SPECIAL
    40.00     		60,000 0 0
    1641 WHISPERING CREEK DR
    BALLWIN,MO63021
    ANN MCKEAL DIRECTOR OF ADMIN AN
    40.00     		50,030 0 0
    2745 ANN AVENUE
    ST LOUIS,MO63104
    ROBERT HARRIS DIRECTOR OF VENUE OP
    40.00     		50,000 0 0
    3720 CONNECTICUT ST
    ST LOUIS,MO63116
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    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
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    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 PROVIDE SPACE FOR PERFORMING ARTS AND COMMUNITY ARTS PROGRAMS 654,957
    2  
    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.........................bullet0
    Form 990-PF (2018)
    Form 990-PF (2018)
    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
    104,943
    c
    Fair market value of all other assets (see instructions)................
    1c
    2,536,894
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,641,837
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    2,641,837
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    39,628
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,602,209
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    130,110
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
     
    b
    Income tax for 2018. (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
    1,115,919
    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
    2,197,552
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    3,313,471
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    3,313,471
    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 (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7  
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$  
    a Applied to 2017, but not more than line 2a  
    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 2018 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2018.    
    (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  
    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 instructions ...........     		 
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		 
    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) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    Form 990-PF (2018)
    Form 990-PF (2018)
    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 2018, enter the date of the ruling....... bullet
     
    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) 2018 (b) 2017 (c) 2016 (d) 2015
    0 0 0 41,272 41,272
    b 85% of line 2a ......... 0 0 0 35,081 35,081
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		3,313,471 4,848,362 941,571 1,776,365 10,879,769
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		0 0 0 0 0
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		3,313,471 4,848,362 941,571 1,776,365 10,879,769
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......       7,406,936 7,406,936
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		       5,106,581 5,106,581
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		86,740 91,203 23,899 27,515 229,357
    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
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    Part XV
    Supplementary Information (Complete this part only if the foundation 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).)
    KENNETH S KRANZBERG
    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.
    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 (2018)
    Form 990-PF (2018)
    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 0
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    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
    aTICKETING REVENUE 711190       90,475
    bNON INVESTMENT RENTAL INCOME 531120       394,131
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 79 18,196
    4 Dividends and interest from securities....     14 162  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....         405,011
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 16,435  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory     03 550,723  
    11 Other revenue:
    aSPONSORSHIP INCOME     		    42   88,900
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 567,399 996,713
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,564,112
    (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.)
    1 THE FOUNDATION'S EXEMPT PURPOSE IS TO PROVIDE SPACE FOR PERFORMING ARTS AND COMMUNITY ARTS PROGRAMS. THE SPACE THAT IS PROVIDED IS FUNDED BY CHARGING THE OCCUPANCY FEES.
    Form 990-PF (2018)
    Form 990-PF (2018)
    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) (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) (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 (2018)
    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 Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2018
    Name of the organization
    THE KRANZBERG ARTS FOUNDATION
     
    Employer identification number

    26-0482903
    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 isn't covered by the General Rule and/or the Special Rules doesn't 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 doesn't 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) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2
    Name of organization
    THE KRANZBERG ARTS FOUNDATION
          		Employer identification number
    26-0482903
    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
    KENNETH S KRANZBERG  
    50 PICARDY LANE
     
    ST LOUIS, MO63124

    		$ 2,855,954


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    THE KRANZBERG FAMILY CHARITABLE FOUNDATION
     
    50 PICARDY LANE
     
    ST LOUIS, MO63124

    		$ 915,000


    (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.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 3
    Name of organization
    THE KRANZBERG ARTS FOUNDATION
          		Employer identification number

    26-0482903
    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
    1
    		 3,368 SHARES DANAHER CORP $ 318,158 2018-01-04
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 860 SHARES DANAHER CORP $ 71,822 2018-01-04
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 571 SHARES ALIBABA GP HOLDINGS $ 101,603 2018-02-12
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 1,316 SHARES COGNIZANT TECH SOL $ 101,543 2018-02-12
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 1,369 SHARES EXPRESS SCRIPTS HOLDINGS $ 99,786 2018-02-12
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 1,346 SHARES PAYPAL HOLDINGS INC $ 101,712 2018-02-12
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Name of organization
    THE KRANZBERG ARTS FOUNDATION
          		Employer identification number

    26-0482903
    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
    1
    		 868 SHARES VISA INC $ 102,302 2018-02-12
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 260 SHARES ALIBABA GP $ 51,743 2018-03-15
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 597 SHARES COGNIZANT TECH SOL $ 50,381 2018-03-15
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 490 SHARES DANAHER CORP $ 44,054 2018-03-15
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 673 SHARES INTERCONTINENTAL EXCHANGE $ 49,943 2018-03-15
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 408 SHARES VISA INC $ 50,412 2018-03-15
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Name of organization
    THE KRANZBERG ARTS FOUNDATION
          		Employer identification number

    26-0482903
    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
    1
    		 172 SHARES ALIBABA GP HOLDINGS $ 30,658 2018-08-29
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 110 SHARES BAIDU INC. $ 24,791 2018-08-29
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 315 SHARES CENTENE CORP $ 46,210 2018-08-29
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 330 SHARES COGNIZANT TECH SOL $ 25,494 2018-08-29
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 395 SHARES DANAHER CORP $ 37,407 2018-08-29
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 500 SHARES EXPRESS SCRIPTS HOLDINGS $ 44,215 2018-08-29
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Name of organization
    THE KRANZBERG ARTS FOUNDATION
          		Employer identification number

    26-0482903
    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
    1
    		 149 SHARES FACEBOOK INC $ 24,960 2018-08-29
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 7 SHARES ALPHABET INC, CLASS C $ 8,705 2018-08-29
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 28 SHARES ALPHABET INC.-CLASS A $ 35,280 2018-08-29
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 560 SHARES INTERCONTINENTAL EXCHANGE $ 42,092 2018-08-29
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 43 SHARES IDEXX LABS INC. $ 10,920 2018-08-29
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 275 SHARES PAYPAL HOLDINGS INC $ 20,504 2018-08-29
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Name of organization
    THE KRANZBERG ARTS FOUNDATION
          		Employer identification number

    26-0482903
    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
    1
    		 370 SHARES TRANSUNION COM $ 15,977 2018-08-29
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 405 SHARES VISA INC $ 59,274 2018-08-29
    (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) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    THE KRANZBERG ARTS FOUNDATION
          		Employer identification number

    26-0482903
    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) (2018)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2018 AccountingFeesSchedule
    Name:
    THE KRANZBERG ARTS FOUNDATION
    EIN:
    26-0482903
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEE 35,361 7,072 18,388 9,901

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

    TY 2018 AmortizationSchedule
    Name:
    THE KRANZBERG ARTS FOUNDATION
    EIN:
    26-0482903
    Description of Amortized Expenses Date Acquired, Completed, or Expended Amount Amortized Deduction for Prior Years Amortization Method Current Year Amortization Net Investment Income Adjusted Net Income Total Amount of Amortization
    LEASE COSTS 2015-04-01 10,441 2,871 120.000000000000 1,044 1,044 1,044 3,915
    3333 WASH AVE COMMISIONS 2018-09-07 10,000   36.000000000000 1,111 1,111 1,111 1,111

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

    TY 2018 DepreciationSchedule
    Name:
    THE KRANZBERG ARTS FOUNDATION
    EIN:
    26-0482903
    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
    BUILDING-3300 SAMUEL SHEPARD DRIVE 2014-07-01 517,681 45,912 SL 39.000000000000 13,273 13,273 13,273  
    LAND 2014-07-01 76,350   L   0 0 0  
    PARKING LOT-3301 SAMUEL SHEPARD DRIVE 2014-07-01 71,060   L   0 0 0  
    LAND IMPROVEMENTS-3301 SAMUEL SHEPARD DRIVE 2014-07-01 21,558 2,696 SL 15.000000000000 719 719 719  
    BUILDING-3300 SAMUEL SHEPARD DRIVE 2014-07-01 172,560 15,303 SL 39.000000000000 4,424 0 4,424  
    LAND 2014-07-01 25,450   L   0 0 0  
    PROJECTION EQUIPMENT 2014-09-09 1,890 756 SL 5.000000000000 189 0 189  
    3310 SAMUEL SHEPARD DRIVE-IMPROVEMENTS 2015-09-01 370,208 21,757 SL 39.000000000000 9,492 0 9,492  
    STAGE LIGHTING AND EQUIPMENT 2015-09-01 65,645 21,882 SL 7.000000000000 9,378 0 9,378  
    FURNITURE AND FIXTURES 2015-09-01 25,895 8,631 SL 7.000000000000 3,699 0 3,699  
    LAND IMPROVEMENTS-3301 SAMUEL SHEPARD DRIVE 2015-08-31 5,050 786 SL 15.000000000000 337 337 337  
    3322 SAMUEL SHEPARD DRIVE-LAND 2015-03-18 32,303   L   0 0 0  
    3225-3227 LOCUST-PARKING LOT 2016-01-01 100,543   L   0 0 0  
    3222-3228 LOCUST-BUILDING 2016-01-01 1,251,122 62,869 SL 39.000000000000 32,079 32,079 32,079  
    3222-3228 LOCUST-LAND 2016-01-01 5,965   L   0 0 0  
    3225-3227 LOCUST-PARKING LOT 2016-01-01 100,543   L   0 0 0  
    3222-3228 LOCUST-BUILDING 2016-01-01 1,251,122 62,869 SL 39.000000000000 32,079 0 32,079  
    3222-3228 LOCUST-LAND 2016-01-01 5,965   L   0 0 0  
    FURNITURE AND FIXTURES 2016-01-01 47,150 13,472 SL 7.000000000000 6,736 0 6,736  
    501 N GRAND-CONDOMINIUM 2015-08-01 1,129,525 68,799 SL 39.000000000000 28,961 0 28,961  
    CIRCUS TENT 2016-12-28 150,000 21,429 SL 7.000000000000 21,429 0 21,429  
    AUDIO VISUAL AND AUDIO EQUIPMENT 2016-11-01 74,066 12,344 SL 7.000000000000 10,581 0 10,581  
    KITCHEN APPLIANCES 2016-09-15 3,496 665 SL 7.000000000000 499 0 499  
    BUILDING IMPROVEMENTS-3300 SAMUEL SHEPARD DRIVE 2016-12-01 3,638 97 SL 39.000000000000 93 0 93  
    LAND IMPROVEMENTS-3301 SAMUEL SHEPARD DRIVE 2016-12-01 850   L   0 0 0  
    BUILDING ROOF-3300 SAMUEL SHEPARD DRIVE 2016-11-01 21,434 619 SL 39.000000000000 550 0 550  
    BUILDING IMPROVEMENTS 3222-3228 LOCUST 2016-11-01 239,746 6,917 SL 39.000000000000 6,147 0 6,147  
    FURNITURE AND FIXTURES 3224 LOCUST 2016-11-01 26,626 4,438 SL 7.000000000000 3,804 0 3,804  
    BUILDING IMPROVEMENTS 3222-3228 LOCUST 2016-11-01 239,746 6,917 SL 39.000000000000 6,147 6,147 6,147  
    BUILDING IMPROVEMENTS 3222-3228 LOCUST 2017-08-31 219,815 1,879 SL 39.000000000000 5,636 5,636 5,636  
    BUILDING IMPROVEMENTS 3222-3228 LOCUST 2017-08-31 219,815 2,117 SL 39.000000000000 5,636 0 5,636  
    FURNITURE AND FIXTURES 2017-05-03 3,500 333 SL 7.000000000000 500 0 500  
    IMPROVEMENTS - BIG TOP 2017-11-09 121,269 389 SL 39.000000000000 3,109 0 3,109  
    LAND-3401 WASH AVE BIG TOP 2017-08-03 1,001,612   L   0 0 0  
    BUILDING-3610 GRANDEL SQUARE 2017-11-16 1,459,133 4,684 SL 39.000000000000 37,412 0 37,412  
    IMPROVEMENTS-3610 GRANDEL SQUARE 2017-11-16 955,481 3,067 SL 39.000000000000 24,499 0 24,499  
    FURNITURE AND FIXTURES-3610 GRANDEL 2017-11-16 14,900 177 SL 7.000000000000 2,129 0 2,129  
    IMPROVEMENTS-501 N GRAND 2017-02-02 1,420 32 SL 39.000000000000 36 0 36  
    LAND-3300 DELMAR BLVD 2017-12-14 5,687   L   0 0 0  
    LAND-3312 DELMAR BLVD 2017-04-26 9,593   L   0 0 0  
    LOAN COST-GRANDEL 2017-11-16 1,000 17 SL 5.000000000000 200 0 200  
    BUILDING NORTH 13TH ST 2017-05-01 241,800 3,881 SL 39.000000000000 6,200 0 6,200  
    LAND NORTH 13TH ST 2017-05-01 15,600   L   0 0 0  
    VACANT LAND NORTH 13TH ST 2017-05-01 2,600   L   0 0 0  
    LAND-3610 GRANDEL SQUARE 2017-11-16 173,800   L   0 0 0  
    BUILDING IMPROVEMENTS 3300 SAMUEL SHEPARD 2017-08-07 5,659 157 SL 15.000000000000 377 0 377  
    BUILDING IMPROVEMENTS 3222-3228 LOCUST 2018-08-31 114,053   SL 39.000000000000 975 975 975  
    BUILDING IMPROVEMENTS 3222-3228 LOCUST 2018-08-31 114,053   SL 39.000000000000 975 0 975  
    LAND IMPROVEMENTS - BIG TOP 2018-08-31 295,568   SL 15.000000000000 6,568 0 6,568  
    3301 WASHINGTON AVE BUILDING 2019-01-01 467,990   SL 39.000000000000 0 0 0  
    3301 WASHINGTON AVE LAND 2019-01-01 33,392   L   0 0 0  
    3301 WASHINGTON AVE IMPROVEMENTS 2019-01-01 176,567   SL 39.000000000000 0 0 0  
    3333 WASH AVE BUILDING 2018-09-07 906,961   SL 39.000000000000 7,752 7,752 7,752  
    3333 WASH AVE LAND 2018-09-07 195,057   L   0 0 0  
    3333 WASH AVE IMPROVEMENTS 2018-11-15 19,600   SL 39.000000000000 84 84 84  
    FURNITURE AND FIXTURES-3610 GRANDEL 2018-08-31 3,431   SL 7.000000000000 163 0 163  
    IMPROVEMENTS-3610 GRANDEL SQUARE 2018-08-31 21,456   SL 39.000000000000 183 0 183  
    IMPROVEMENTS - N 13TH ST 2018-10-31 4,200   SL 39.000000000000 18 0 18  
    3310 SAMUEL SHEPARD DRIVE-IMPROVEMENTS 2018-08-31 2,250   SL 39.000000000000 19 0 19  

    TY 2018 InvestmentsLandSchedule2
    Name:
    THE KRANZBERG ARTS FOUNDATION
    EIN:
    26-0482903
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BUILDING-3300 SAMUEL SHEPARD DRIVE 517,681 59,185 458,496 517,681
    LAND 76,350 0 76,350 76,350
    LEASE COSTS 10,441 3,915 6,526 10,441
    PARKING LOT-3301 SAMUEL SHEPARD DRIVE 71,060 0 71,060 71,060
    LAND IMPROVEMENTS-3301 SAMUEL SHEPARD DRIVE 21,558 14,194 7,364 21,558
    LAND IMPROVEMENTS-3301 SAMUEL SHEPARD DRIVE 5,050 1,123 3,927 5,050
    3225-3227 LOCUST-PARKING LOT 100,543 0 100,543 100,543
    3222-3228 LOCUST-BUILDING 1,251,122 94,948 1,156,174 1,251,122
    3222-3228 LOCUST-LAND 5,965 0 5,965 5,965
    BUILDING IMPROVEMENTS 3222-3228 LOCUST 239,746 13,064 226,682 239,746
    BUILDING IMPROVEMENTS 3222-3228 LOCUST 219,815 7,515 212,300 219,815
    BUILDING IMPROVEMENTS 3222-3228 LOCUST 114,053 975 113,078 114,053
    3301 WASHINGTON AVE BUILDING 467,990 0 467,990 467,990
    3301 WASHINGTON AVE LAND 33,392 0 33,392 33,392
    3301 WASHINGTON AVE IMPROVEMENTS 176,567 0 176,567 176,567
    3333 WASH AVE BUILDING 906,961 7,752 899,209 906,961
    3333 WASH AVE LAND 195,057 0 195,057 195,057
    3333 WASH AVE IMPROVEMENTS 19,600 84 19,516 19,600
    3333 WASH AVE COMMISIONS 10,000 1,111 8,889 10,000

    TY 2018 LandEtcSchedule2
    Name:
    THE KRANZBERG ARTS FOUNDATION
    EIN:
    26-0482903
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BUILDING-3300 SAMUEL SHEPARD DRIVE 172,560 19,727 152,833 172,560
    LAND 25,450 0 25,450 25,450
    PROJECTION EQUIPMENT 1,890 1,890 0 1,890
    3310 SAMUEL SHEPARD DRIVE-IMPROVEMENTS 370,208 31,249 338,959 370,208
    STAGE LIGHTING AND EQUIPMENT 65,645 31,260 34,385 65,645
    FURNITURE AND FIXTURES 25,895 12,330 13,565 25,895
    3322 SAMUEL SHEPARD DRIVE-LAND 32,303 0 32,303 32,303
    3225-3227 LOCUST-PARKING LOT 100,543 0 100,543 100,543
    3222-3228 LOCUST-BUILDING 1,251,122 94,948 1,156,174 1,251,122
    3222-3228 LOCUST-LAND 5,965 0 5,965 5,965
    FURNITURE AND FIXTURES 47,150 20,208 26,942 47,150
    501 N GRAND-CONDOMINIUM 1,129,525 97,760 1,031,765 1,129,525
    CIRCUS TENT 150,000 42,858 107,142 150,000
    AUDIO VISUAL AND AUDIO EQUIPMENT 74,066 22,925 51,141 74,066
    KITCHEN APPLIANCES 3,496 1,164 2,332 3,496
    BUILDING IMPROVEMENTS-3300 SAMUEL SHEPARD DRIVE 3,638 190 3,448 3,638
    LAND IMPROVEMENTS-3301 SAMUEL SHEPARD DRIVE 850 0 850 850
    BUILDING ROOF-3300 SAMUEL SHEPARD DRIVE 21,434 1,169 20,265 21,434
    BUILDING IMPROVEMENTS 3222-3228 LOCUST 239,746 13,064 226,682 239,746
    FURNITURE AND FIXTURES 3224 LOCUST 26,626 8,242 18,384 26,626
    BUILDING IMPROVEMENTS 3222-3228 LOCUST 219,815 7,753 212,062 219,815
    FURNITURE AND FIXTURES 3,500 833 2,667 3,500
    IMPROVEMENTS - BIG TOP 121,269 3,498 117,771 121,269
    LAND-3401 WASH AVE BIG TOP 1,001,612 0 1,001,612 1,001,612
    BUILDING-3610 GRANDEL SQUARE 1,459,133 42,096 1,417,037 1,459,133
    IMPROVEMENTS-3610 GRANDEL SQUARE 955,481 27,566 927,915 955,481
    FURNITURE AND FIXTURES-3610 GRANDEL 14,900 2,306 12,594 14,900
    IMPROVEMENTS-501 N GRAND 1,420 68 1,352 1,420
    LAND-3300 DELMAR BLVD 5,687 0 5,687 5,687
    LAND-3312 DELMAR BLVD 9,593 0 9,593 9,593
    LOAN COST-GRANDEL 1,000 217 783 1,000
    BUILDING NORTH 13TH ST 241,800 10,081 231,719 241,800
    LAND NORTH 13TH ST 15,600 0 15,600 15,600
    VACANT LAND NORTH 13TH ST 2,600 0 2,600 2,600
    LAND-3610 GRANDEL SQUARE 173,800 0 173,800 173,800
    BUILDING IMPROVEMENTS 3300 SAMUEL SHEPARD 5,659 534 5,125 5,659
    BUILDING IMPROVEMENTS 3222-3228 LOCUST 114,053 975 113,078 114,053
    LAND IMPROVEMENTS - BIG TOP 295,568 6,568 289,000 295,568
    FURNITURE AND FIXTURES-3610 GRANDEL 3,431 163 3,268 3,431
    IMPROVEMENTS-3610 GRANDEL SQUARE 21,456 183 21,273 21,456
    IMPROVEMENTS - N 13TH ST 4,200 18 4,182 4,200
    3310 SAMUEL SHEPARD DRIVE-IMPROVEMENTS 2,250 19 2,231 2,250


    TY 2018 LegalFeesSchedule
    Name:
    THE KRANZBERG ARTS FOUNDATION
    EIN:
    26-0482903
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEE 32,106 0 16,695 15,411


    TY 2018 LoansFromOfficersSchedule
    Name:
    THE KRANZBERG ARTS FOUNDATION
    EIN:
    26-0482903

    Item No. 1
    Lender's Name KENNETH S KRANZBERG REVOCABLE TRUST
    Lender's Title TRUSTEE
    Original Amount of Loan 3400000
    Balance Due 3400000
    Date of Note 2017-08
    Maturity Date 2045-12
    Repayment Terms UPON MATURITY
    Interest Rate 0.000000000000
    Security Provided by Borrower NON-RECOURSE
    Purpose of Loan PURCHASE REAL ESTATE
    Description of Lender Consideration CASH
    Consideration FMV 3400000


    TY 2018 MortgagesAndNotesPayableSch
    Name:
    THE KRANZBERG ARTS FOUNDATION
    EIN:
    26-0482903
    Total Mortgage Amount:  

    Item No. 1
    Lender's Name KENNETH S KRANZBERG REVOCABLE TRUST
    Lender's Title TRUSTEE
    Relationship to Insider  
    Original Amount of Loan 3,400,000
    Balance Due 3,400,000
    Date of Note 2017-08
    Maturity Date 2045-12
    Repayment Terms UPON MATURITY
    Interest Rate 0.000000000000
    Security Provided by Borrower NON-RECOURSE
    Purpose of Loan PURCHASE REAL ESTATE
    Description of Lender Consideration CASH
    Consideration FMV 3400000

    Item No. 2
    Lender's Name RELIANCE BANK
    Lender's Title  
    Relationship to Insider  
    Original Amount of Loan 1,670,000
    Balance Due 1,670,000
    Date of Note 2017-11
    Maturity Date 2022-11
    Repayment Terms MONTHLY
    Interest Rate 4.000000000000
    Security Provided by Borrower  
    Purpose of Loan PURCHASE REAL ESTATE
    Description of Lender Consideration CASH
    Consideration FMV 1670000


    TY 2018 OtherAssetsSchedule
    Name:
    THE KRANZBERG ARTS FOUNDATION
    EIN:
    26-0482903
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    SALES TAX BOND DEPOSIT 1,000 1,000 1,000


    TY 2018 OtherExpensesSchedule
    Name:
    THE KRANZBERG ARTS FOUNDATION
    EIN:
    26-0482903
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADVERTISING 76,961 0 40,020 36,941
    ARTIST/PROGRAM FEES 354,073 0 184,118 169,955
    AUDIO VISUAL EXPENSE 12,257 0 6,374 5,883
    BANK AND MERCHANT FEES 24,339 0 12,656 11,683
    CLEANING SERVICES 74,563 0 43,569 30,994
    DUES AND SUBSCRIPTIONS 11,252 0 5,851 5,401
    EQUIPMENT RENTAL 105,382 0 54,799 50,583
    INDEPENDENT CONTRACTOR 42,148 0 21,917 20,231
    INSURANCE 104,969 0 54,871 50,097
    IT/WEBSITE 24,311 0 12,641 11,669
    OFFICE EXPENSE 6,295 0 3,273 3,021
    PAYROLL PROCESSING FEES 5,578 0 2,901 2,678
    REPAIRS AND MAINTENANCE 125,419 0 66,218 60,201
    RESTAURANT SUPPLIES 18,111 0 9,417 8,693
    SECURITY AND SAFETY 38,470 0 20,005 18,466
    SUBCONTRACTORS 45,783 0 23,807 21,976
    LICENSES 13,153 0 6,840 6,313
    TELEPHONE/INTERNET 15,606 0 8,952 6,655
    PROFESSIONAL DEVELOPMENT 988 0 514 474
    ART PLACE INITIATIVE 42,422 0 42,422 0
    RENT EXPENSE 11,700 0 6,084 5,616
    CLEANING SERVICES 9,224 9,224 9,224 0
    TELEPHONE/INTERNET 1,608 1,608 1,608 0
    EVENT EXPENSE 111,953 111,953 111,953 0
    EVENT EXPENSE 165 165 165 0
    EVENT EXPENSE 16,736 16,736 16,736 0
    EVENT EXPENSE 30,698 30,698 30,698 0
    INSURANCE 553 553 553 0
    AMORTIZATION 2,155 2,155 2,155 0


    TY 2018 OtherIncomeSchedule2
    Name:
    THE KRANZBERG ARTS FOUNDATION
    EIN:
    26-0482903
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    TICKETING REVENUE 90,475   90,475
    NON INVESTMENT RENTAL INCOME 394,131   394,131
    SPONSORSHIP INCOME 88,900   88,900


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    THE KRANZBERG ARTS FOUNDATION
    EIN:
    26-0482903
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MANAGEMENT FEES 64,186 0 33,376 30,809


    TY 2018 TaxesSchedule
    Name:
    THE KRANZBERG ARTS FOUNDATION
    EIN:
    26-0482903
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAX 12,820 0 0 0
    REAL ESTATE TAX 44,312 0 44,312 0
    REAL ESTATE TAX 30,632 30,632 30,632 0
    REAL ESTATE TAX 31,488 31,488 31,488 0
    REAL ESTATE TAX 252 252 252 0