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
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
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$15,796,876J 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) 1,291,906
2 Check bullet.............
3 Interest on savings and temporary cash investments 1 1 1
4 Dividends and interest from securities...      
5a Gross rents............ 518,396 518,396 518,396
b Net rental income or (loss) 275,221
6a Net gain or (loss) from sale of assets not on line 10 -25
b Gross sales price for all assets on line 6a 249,781
7 Capital gain net income (from Part IV, line 2)... 180,841
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances 224,528
b Less: Cost of goods sold.... 161,621
c Gross profit or (loss) (attach schedule)..... 62,907 62,907
11 Other income (attach schedule)....... Click to see attachment 295,607 0 295,607
12 Total. Add lines 1 through 11........ 2,168,792 699,238 876,911
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 175,923 43,981 26,388 105,554
14 Other employee salaries and wages...... 1,079,664 269,916 161,946 647,798
15 Pension plans, employee benefits....... 236,174 59,043 35,429 141,704
16a Legal fees (attach schedule)......... Click to see attachment 11,960 0 1,794 10,166
b Accounting fees (attach schedule)....... Click to see attachment 33,115 6,623 4,967 21,525
c Other professional fees (attach schedule).... Click to see attachment 52,418 0 7,863 44,555
17 Interest............... 121,490 0 18,224 103,267
18 Taxes (attach schedule) (see instructions)... Click to see attachment 92,383 62,304 77,383 0
19 Depreciation (attach schedule) and depletion... Click to see attachment 406,906 108,710 406,906
20 Occupancy.............. 174,456 0 26,168 148,288
21 Travel, conferences, and meetings....... 3,868 0 580 3,288
22 Printing and publications.......... 8,498 0 1,275 7,223
23 Other expenses (attach schedule)....... Click to see list of attachments 811,664 72,161 187,587 624,078
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,208,519 622,738 956,510 1,857,446
25 Contributions, gifts, grants paid....... 1,370,189 1,370,189
26 Total expenses and disbursements. Add lines 24 and 25 4,578,708 622,738 956,510 3,227,635
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,409,916
b Net investment income (if negative, enter -0-) 76,500
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
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............. 39,757 366,558 366,558
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) bullet1,759,183
Less: allowance for doubtful accounts bullet0 1,647,500 1,759,183 1,759,183
8 Inventories for sale or use.............. 24,244 8,063 8,063
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 bullet4,091,731
Less: accumulated depreciation (attach schedule) bullet368,059 4,804,358 Click to see attachment3,723,672 3,723,672
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet10,993,371
Less: accumulated depreciation (attach schedule) bullet1,054,971 9,570,791 Click to see attachment9,938,400 9,938,400
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) 16,087,650 15,796,876 15,796,876
Liabilities 17 Accounts payable and accrued expenses..........    
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 attachment3,789,142
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 5,070,000 7,189,142
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 11,017,650 8,607,734
29 Total net assets or fund balances (see instructions)..... 11,017,650 8,607,734
30 Total liabilities and net assets/fund balances (see instructions). 16,087,650 15,796,876
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 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
11,017,650
2
Enter amount from Part I, line 27a .....................
2
-2,409,916
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
8,607,734
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 29 .
6
8,607,734
Form 990-PF (2020)
Form 990-PF (2020)
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 PUBLICALY TRADED SECURITIES D   2020-06-29
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 249,781   68,940 180,841
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       180,841
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 2 180,841
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 0
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
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 for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 1,063
c All other domestic foundations enter 1.39% 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 1,063
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 1,063
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 21,147
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 21,147
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
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 20,084
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet20,084 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 the instructions
for the 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 2020 or the taxable year beginning in 2020? 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 (2020)
    Form 990-PF (2020)
    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 2020, 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
     
    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 2020?.............
    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 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    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 2020 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 2020.)..................
    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 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    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     		176,597 673 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     		74,889 0 0
    1641 WHISPERING CREEK DR
    BALLWIN,MO63021
    GINA GRAFOS DIRECTOR OF VISUAL I
    40.00     		73,298 0 0
    5383 REBER PLACE
    ST LOUIS,MO63139
    EUGENE BAILEY FOOD & BEVERAGE DIRE
    40.00     		70,797 271 0
    4240 CONNECTIBUT ST
    ST LOUIS,MO63116
    ANN MCKEAL DIRECTOR OF ADMIN AN
    40.00     		68,179 2,619 0
    2745 ANN AVENUE
    ST LOUIS,MO63104
    ROBERT HARRIS DIRECTOR OF BOOKINGS
    40.00     		66,118 0 0
    3720 CONNECTICUT ST
    ST LOUIS,MO63116
    Total number of other employees paid over $50,000...................bullet 6
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 564,229
    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 (2020)
    Form 990-PF (2020)
    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
    136,760
    c
    Fair market value of all other assets (see instructions)................
    1c
    2,457,108
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,593,868
    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
    2,593,868
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    38,908
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,554,960
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    127,748
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
     
    b
    Income tax for 2020. (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
    3,227,635
    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
    828,557
    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
    4,056,192
    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
    4,056,192
    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 (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7  
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$  
    a Applied to 2019, 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 2020 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2020.    
    (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 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		 
    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 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 2020, 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) 2020 (b) 2019 (c) 2018 (d) 2017
    0 0 0 0 0
    b 85% of line 2a ......... 0 0 0 0 0
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		4,056,192 3,923,108 3,313,471 4,848,362 16,141,133
    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 ....     		4,056,192 3,923,108 3,313,471 4,848,362 16,141,133
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......         0
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		         0
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		85,165 93,023 86,740 91,203 356,131
    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 (2020)
    Form 990-PF (2020)
    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
    ST LOUIS ART PLACE INITIATIVE
    3224 LOCUST STREET
    ST LOUIS,MO63103     		  PC PURCHASE HOUSING FOR LOW INCOME ARTISTS 11,900
    CITY OF BERVERLY HILLS COMMUNITY CHARITABLE FOUNDATION
    455 N REXFORD DRIVE
    BEVERLY HILLS,CA90210     		  PC EMBRACE & CELEBRATE CULTURE-TZ PROJECT 15,000
    3333 WASHINGTON INC
    3333 WASHINGTON AVE
    ST LOUIS,MO63103     		  PC TRANSFER TO TITLE HOLDING COMPANY 1,343,289
    Total .................................bullet 3a 1,370,189
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    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        
    bNON INVESTMENT RENTAL INCOME 531120       288,557
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 1  
    4 Dividends and interest from securities....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....         275,221
    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 -25  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory     03 62,907  
    11 Other revenue:
    aSPONSORSHIP INCOME     		    42   7,050
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 62,883 570,828
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    633,711
    (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 (2020)
    Form 990-PF (2020)
    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
    3333 WASHINGTON INC 501(C)(2) KRANZBERG ARTS FOUNDATION IS THE PARENT ORGANIZATION.
    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 instructions.
    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 (2020)
    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
    2020
    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) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    THE KRANZBERG ARTS FOUNDATION
          		Employer identification number
    26-0482903
    Part I
    Contributors
    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

    		$ 249,806


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

    		$ 725,000


    (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) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    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
    		 7,630 SHARES DFA TAX-MANAGED US EQUITY FUND $ 249,806 2020-06-29
    (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
     
    		$    
    (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) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    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) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    THE KRANZBERG ARTS FOUNDATION
    EIN:
    26-0482903
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEE 33,115 6,623 4,967 21,525

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

    TY 2020 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 4,959 120.000000000000 1,044 1,044 1,044 6,003
    3222-3228 LOCUST-COMMISSION 2018-09-07 10,000 4,444 36.000000000000 3,333 3,333 3,333 7,777

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

    TY 2020 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 72,458 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 4,134 SL 15.000000000000 719 719 719  
    BUILDING-3300 SAMUEL SHEPARD DRIVE 2014-07-01 172,560 24,151 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 1,890 SL 5.000000000000 0 0 0  
    3310 SAMUEL SHEPARD DRIVE-IMPROVEMENTS 2015-09-01 370,208 40,867 SL 39.000000000000 9,492 0 9,492  
    STAGE LIGHTING AND EQUIPMENT 2015-09-01 65,645 40,638 SL 7.000000000000 9,378 0 9,378  
    FURNITURE AND FIXTURES 2015-09-01 25,895 16,029 SL 7.000000000000 3,699 0 3,699  
    LAND IMPROVEMENTS-3301 SAMUEL SHEPARD DRIVE 2015-08-31 5,050 1,460 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 1,251,122 127,027 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 1,251,122 127,027 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 26,944 SL 7.000000000000 6,736 0 6,736  
    501 N GRAND-CONDOMINIUM 2015-08-01 1,129,525 126,721 SL 39.000000000000 28,961 0 28,961  
    CIRCUS TENT 2016-12-28 150,000 64,287 SL 7.000000000000 21,429 0 21,429  
    AUDIO VISUAL AND AUDIO EQUIPMENT 2016-11-01 74,066 33,506 SL 7.000000000000 10,581 0 10,581  
    KITCHEN APPLIANCES 2016-09-15 3,496 1,663 SL 7.000000000000 499 0 499  
    BUILDING IMPROVEMENTS-3300 SAMUEL SHEPARD DRIVE 2016-12-01 3,638 283 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 1,719 SL 39.000000000000 550 0 550  
    BUILDING IMPROVEMENTS 3222-3228 LOCUST 2016-11-01 239,746 19,211 SL 39.000000000000 6,147 0 6,147  
    FURNITURE AND FIXTURES 3224 LOCUST 2016-11-01 26,626 12,046 SL 7.000000000000 3,804 0 3,804  
    BUILDING IMPROVEMENTS 3222-3228 LOCUST 2016-11-01 239,746 19,211 SL 39.000000000000 6,147 6,147 6,147  
    BUILDING IMPROVEMENTS 3222-3228 LOCUST 2017-08-31 219,815 13,151 SL 39.000000000000 5,636 5,636 5,636  
    BUILDING IMPROVEMENTS 3222-3228 LOCUST 2017-08-31 219,815 13,389 SL 39.000000000000 5,636 0 5,636  
    FURNITURE AND FIXTURES 2017-05-03 3,500 1,333 SL 7.000000000000 500 0 500  
    IMPROVEMENTS - BIG TOP 2017-11-09 121,269 6,607 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 79,508 SL 39.000000000000 37,412 0 37,412  
    IMPROVEMENTS-3610 GRANDEL SQUARE 2017-11-16 955,481 52,065 SL 39.000000000000 24,499 0 24,499  
    FURNITURE AND FIXTURES-3610 GRANDEL 2017-11-16 14,900 4,435 SL 7.000000000000 2,129 0 2,129  
    IMPROVEMENTS-501 N GRAND 2017-02-02 1,420 104 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 1,000 417 SL 5.000000000000 200 0 200  
    BUILDING NORTH 13TH ST 2017-05-01 241,800 16,281 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 5,659 911 SL 15.000000000000 377 0 377  
    BUILDING IMPROVEMENTS 3222-3228 LOCUST 2018-08-31 114,053 3,899 SL 39.000000000000 2,924 2,924 2,924  
    BUILDING IMPROVEMENTS 3222-3228 LOCUST 2018-08-31 114,053 3,899 SL 39.000000000000 2,924 0 2,924  
    LAND IMPROVEMENTS - BIG TOP 2018-08-31 295,568 26,273 SL 15.000000000000 19,705 0 19,705  
    3301 WASHINGTON AVE BUILDING 2019-11-01 233,995 1,000 SL 39.000000000000 6,000 6,000 6,000  
    3301 WASHINGTON AVE LAND 2019-11-01 16,696   L   0 0 0  
    3301 WASHINGTON AVE IMPROVEMENTS 2019-11-01 88,284 377 SL 39.000000000000 2,264 2,264 2,264  
    3333 WASH AVE BUILDING 2018-09-07 906,961 31,007 SL 39.000000000000 11,628 11,628 11,628  
    3333 WASH AVE LAND 2018-09-07 195,057   L   0 0 0  
    3333 WASH AVE IMPROVEMENTS 2018-11-15 19,600 587 SL 39.000000000000 251 251 251  
    FURNITURE AND FIXTURES-3610 GRANDEL 2018-08-31 3,431 653 SL 7.000000000000 490 0 490  
    IMPROVEMENTS-3610 GRANDEL SQUARE 2018-08-31 21,456 733 SL 39.000000000000 550 0 550  
    IMPROVEMENTS - N 13TH ST 2018-10-31 4,200 126 SL 39.000000000000 108 0 108  
    3310 SAMUEL SHEPARD DRIVE-IMPROVEMENTS 2018-08-31 2,250 77 SL 39.000000000000 58 0 58  
    EARTHWAYS HOUSE 2019-07-30 410,000 4,380 SL 39.000000000000 10,513 0 10,513  
    EARTHWAYS HOUSE IMPROVEMENTS 2019-11-30 6,850 22 SL 39.000000000000 176 0 176  
    FURNITURE AND FIXTURES 2019-05-24 2,057 171 SL 7.000000000000 294 0 294  
    LAND IMPROVEMENTS - BIG TOP 2019-09-30 9,467 158 SL 15.000000000000 631 0 631  
    IMPROVEMENTS-3610 GRANDEL SQUARE 2019-06-30 208,580 2,901 SL 39.000000000000 5,348 0 5,348  
    3301 WASHINGTON AVE IMPROVEMENTS 2019-11-01 929,698 3,973 SL 39.000000000000 23,838 23,838 23,838  
    3333 WASH AVE IMPROVEMENTS 2019-11-30 52,998 113 SL 39.000000000000 679 679 679  
    LAND IMPROVEMENTS-3301 SAMUEL SHEPARD DRIVE 2019-05-31 16,922 658 SL 15.000000000000 1,128 1,128 1,128  
    3301 WASHINGTON AVE BUILDING 2019-11-01 233,995 1,000 SL 39.000000000000 6,000 0 6,000  
    3301 WASHINGTON AVE LAND 2019-11-01 16,696   L   0 0 0  
    3301 WASHINGTON AVE IMPROVEMENTS 2019-11-01 88,284 377 SL 39.000000000000 2,264 0 2,264  
    3301 WASHINGTON AVE IMPROVEMENTS 2019-11-01 929,698 3,973 SL 39.000000000000 23,838 0 23,838  
    BUILDING IMPROVEMENTS 3222-3228 LOCUST 2020-02-29 6,350   SL 39.000000000000 136 136 136  
    BUILDING IMPROVEMENTS 3222-3228 LOCUST 2020-02-29 6,350   SL 39.000000000000 136 0 136  
    3310 SAMUEL SHEPARD DRIVE-IMPROVEMENTS 2020-07-31 188,250   SL 39.000000000000 2,011 0 2,011  
    3301 WASHINGTON AVE IMPROVEMENTS 2020-07-31 156,402   SL 39.000000000000 1,671 1,671 1,671  
    3301 WASHINGTON AVE IMPROVEMENTS 2020-07-31 156,402   SL 39.000000000000 1,671 0 1,671  
    LAND IMPROVEMENTS - BIG TOP 2020-10-31 143,538   SL 15.000000000000 1,595 0 1,595  
    EARTHWAYS HOUSE IMPROVEMENTS 2020-07-31 131,955   SL 39.000000000000 1,410 0 1,410  
    501 N GRAND 2020-06-30 39,310   SL 39.000000000000 504 0 504  

    TY 2020 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 85,731 431,950 431,950
    LAND 76,350 0 76,350 76,350
    LEASE COSTS 10,441 6,003 4,438 4,438
    PARKING LOT-3301 SAMUEL SHEPARD DRIVE 71,060 0 71,060 71,060
    LAND IMPROVEMENTS-3301 SAMUEL SHEPARD DRIVE 21,558 15,632 5,926 5,926
    LAND IMPROVEMENTS-3301 SAMUEL SHEPARD DRIVE 5,050 1,797 3,253 3,253
    3225-3227 LOCUST-PARKING LOT 100,543 0 100,543 100,543
    3222-3228 LOCUST-BUILDING 1,251,122 159,106 1,092,016 1,092,016
    3222-3228 LOCUST-LAND 5,965 0 5,965 5,965
    BUILDING IMPROVEMENTS 3222-3228 LOCUST 239,746 25,358 214,388 214,388
    BUILDING IMPROVEMENTS 3222-3228 LOCUST 219,815 18,787 201,028 201,028
    BUILDING IMPROVEMENTS 3222-3228 LOCUST 114,053 6,823 107,230 107,230
    3301 WASHINGTON AVE BUILDING 233,995 7,000 226,995 226,995
    3301 WASHINGTON AVE LAND 16,696 0 16,696 16,696
    3301 WASHINGTON AVE IMPROVEMENTS 88,284 2,641 85,643 85,643
    3301 WASHINGTON AVE IMPROVEMENTS 929,698 27,811 901,887 901,887
    LAND IMPROVEMENTS-3301 SAMUEL SHEPARD DRIVE 16,922 1,786 15,136 15,136
    BUILDING IMPROVEMENTS 3222-3228 LOCUST 6,350 136 6,214 6,214
    3301 WASHINGTON AVE IMPROVEMENTS 156,402 1,671 154,731 154,731
    3222-3228 LOCUST-COMMISSION 10,000 7,777 2,223 2,223

    TY 2020 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 28,575 143,985 143,985
    LAND 25,450 0 25,450 25,450
    PROJECTION EQUIPMENT 1,890 1,890 0 0
    3310 SAMUEL SHEPARD DRIVE-IMPROVEMENTS 370,208 50,359 319,849 319,849
    STAGE LIGHTING AND EQUIPMENT 65,645 50,016 15,629 15,629
    FURNITURE AND FIXTURES 25,895 19,728 6,167 6,167
    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 1,251,122 159,106 1,092,016 1,092,016
    3222-3228 LOCUST-LAND 5,965 0 5,965 5,965
    FURNITURE AND FIXTURES 47,150 33,680 13,470 13,470
    501 N GRAND-CONDOMINIUM 1,129,525 155,682 973,843 973,843
    CIRCUS TENT 150,000 85,716 64,284 64,284
    AUDIO VISUAL AND AUDIO EQUIPMENT 74,066 44,087 29,979 29,979
    KITCHEN APPLIANCES 3,496 2,162 1,334 1,334
    BUILDING IMPROVEMENTS-3300 SAMUEL SHEPARD DRIVE 3,638 376 3,262 3,262
    LAND IMPROVEMENTS-3301 SAMUEL SHEPARD DRIVE 850 0 850 850
    BUILDING ROOF-3300 SAMUEL SHEPARD DRIVE 21,434 2,269 19,165 19,165
    BUILDING IMPROVEMENTS 3222-3228 LOCUST 239,746 25,358 214,388 214,388
    FURNITURE AND FIXTURES 3224 LOCUST 26,626 15,850 10,776 10,776
    BUILDING IMPROVEMENTS 3222-3228 LOCUST 219,815 19,025 200,790 200,790
    FURNITURE AND FIXTURES 3,500 1,833 1,667 1,667
    IMPROVEMENTS - BIG TOP 121,269 9,716 111,553 111,553
    LAND-3401 WASH AVE BIG TOP 1,001,612 0 1,001,612 1,001,612
    BUILDING-3610 GRANDEL SQUARE 1,459,133 116,920 1,342,213 1,342,213
    IMPROVEMENTS-3610 GRANDEL SQUARE 955,481 76,564 878,917 878,917
    FURNITURE AND FIXTURES-3610 GRANDEL 14,900 6,564 8,336 8,336
    IMPROVEMENTS-501 N GRAND 1,420 140 1,280 1,280
    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 1,000 617 383 383
    BUILDING NORTH 13TH ST 241,800 22,481 219,319 219,319
    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 1,288 4,371 4,371
    BUILDING IMPROVEMENTS 3222-3228 LOCUST 114,053 6,823 107,230 107,230
    LAND IMPROVEMENTS - BIG TOP 295,568 45,978 249,590 249,590
    FURNITURE AND FIXTURES-3610 GRANDEL 3,431 1,143 2,288 2,288
    IMPROVEMENTS-3610 GRANDEL SQUARE 21,456 1,283 20,173 20,173
    IMPROVEMENTS - N 13TH ST 4,200 234 3,966 3,966
    3310 SAMUEL SHEPARD DRIVE-IMPROVEMENTS 2,250 135 2,115 2,115
    EARTHWAYS HOUSE 410,000 14,893 395,107 395,107
    EARTHWAYS HOUSE IMPROVEMENTS 6,850 198 6,652 6,652
    FURNITURE AND FIXTURES 2,057 465 1,592 1,592
    LAND IMPROVEMENTS - BIG TOP 9,467 789 8,678 8,678
    IMPROVEMENTS-3610 GRANDEL SQUARE 208,580 8,249 200,331 200,331
    3301 WASHINGTON AVE BUILDING 233,995 7,000 226,995 226,995
    3301 WASHINGTON AVE LAND 16,696 0 16,696 16,696
    3301 WASHINGTON AVE IMPROVEMENTS 88,284 2,641 85,643 85,643
    3301 WASHINGTON AVE IMPROVEMENTS 929,698 27,811 901,887 901,887
    BUILDING IMPROVEMENTS 3222-3228 LOCUST 6,350 136 6,214 6,214
    3310 SAMUEL SHEPARD DRIVE-IMPROVEMENTS 188,250 2,011 186,239 186,239
    3301 WASHINGTON AVE IMPROVEMENTS 156,402 1,671 154,731 154,731
    LAND IMPROVEMENTS - BIG TOP 143,538 1,595 141,943 141,943
    EARTHWAYS HOUSE IMPROVEMENTS 131,955 1,410 130,545 130,545
    501 N GRAND 39,310 504 38,806 38,806


    TY 2020 LegalFeesSchedule
    Name:
    THE KRANZBERG ARTS FOUNDATION
    EIN:
    26-0482903
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEE 11,960 0 1,794 10,166


    TY 2020 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  


    TY 2020 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  

    Item No. 2
    Lender's Name RELIANCE BANK
    Lender's Title  
    Relationship to Insider  
    Original Amount of Loan 1,670,000
    Balance Due 0
    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  

    Item No. 3
    Lender's Name BUSEY BANK
    Lender's Title  
    Relationship to Insider  
    Original Amount of Loan 2,139,242
    Balance Due 2,139,242
    Date of Note 2020-12
    Maturity Date 2023-12
    Repayment Terms MONTHLY
    Interest Rate  
    Security Provided by Borrower  
    Purpose of Loan PURCHASE REAL ESTATE
    Description of Lender Consideration CASH
    Consideration FMV  

    Item No. 4
    Lender's Name BUSEY BANK
    Lender's Title  
    Relationship to Insider  
    Original Amount of Loan 1,500,000
    Balance Due 1,500,000
    Date of Note 2020-12
    Maturity Date 2023-12
    Repayment Terms MONTHLY
    Interest Rate  
    Security Provided by Borrower  
    Purpose of Loan PURCHASE REAL ESTATE
    Description of Lender Consideration CASH
    Consideration FMV  

    Item No. 5
    Lender's Name US SMALL BUSINESS ADMINISTRATION
    Lender's Title  
    Relationship to Insider  
    Original Amount of Loan 149,900
    Balance Due 149,900
    Date of Note 2020-06
    Maturity Date 2050-06
    Repayment Terms MONTHLY
    Interest Rate 2.750000000000
    Security Provided by Borrower  
    Purpose of Loan DISASTER ASSISTANCE
    Description of Lender Consideration CASH
    Consideration FMV  


    TY 2020 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 2020 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 75,085 0 11,263 63,822
    ARTIST/PROGRAM FEES 140,781 0 21,117 119,664
    AUDIO VISUAL EXPENSE 1,175 0 176 999
    BANK AND MERCHANT FEES 10,156 0 1,523 8,633
    CLEANING SERVICES 62,976 0 10,778 52,198
    DUES AND SUBSCRIPTIONS 14,729 0 2,209 12,520
    EQUIPMENT RENTAL 9,884 0 1,483 8,401
    INDEPENDENT CONTRACTOR 38,919 0 5,838 33,081
    INSURANCE 133,490 0 20,814 112,675
    IT/WEBSITE 8,525 0 1,279 7,249
    OFFICE EXPENSE 3,458 0 519 2,939
    PAYROLL PROCESSING FEES 5,355 0 803 4,552
    REPAIRS 27,092 0 4,064 23,028
    SECURITY AND SAFETY 64,926 0 9,739 55,187
    TECH/FOH STAFFING EXPENSE 12,572 0 1,886 10,686
    TAXES AND LICENSES 12,207 0 4,081 8,126
    TELEPHONE/INTERNET 21,779 0 3,395 18,383
    PROFESSIONAL DEVELOPMENT 7,309 0 1,096 6,213
    RENT EXPENSE 14,400 0 2,160 12,240
    MAINTENANCE 74,685 0 11,203 63,482
    CLEANING SERVICES 8,876 8,876 8,876 0
    TELEPHONE/INTERNET 857 857 857 0
    EVENT EXPENSE 37,773 37,773 37,773 0
    EVENT EXPENSE 101 101 101 0
    EVENT EXPENSE 1,600 1,600 1,600 0
    EVENT EXPENSE 12,030 12,030 12,030 0
    EVENT EXPENSE 1,274 1,274 1,274 0
    INSURANCE 5,273 5,273 5,273 0
    AMORTIZATION 4,377 4,377 4,377 0


    TY 2020 OtherIncomeSchedule2
    Name:
    THE KRANZBERG ARTS FOUNDATION
    EIN:
    26-0482903
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    NON INVESTMENT RENTAL INCOME 288,557   288,557
    SPONSORSHIP INCOME 7,050   7,050


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE KRANZBERG ARTS FOUNDATION
    EIN:
    26-0482903
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MANAGEMENT FEES 52,418 0 7,863 44,555


    TY 2020 TaxesSchedule
    Name:
    THE KRANZBERG ARTS FOUNDATION
    EIN:
    26-0482903
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAX 15,000 0 0 0
    REAL ESTATE TAX 15,079 0 15,079 0
    REAL ESTATE TAX 31,545 31,545 31,545 0
    REAL ESTATE TAX 30,759 30,759 30,759 0
    REAL ESTATE TAX 0 0 0 0