Form990-PF
Click to see attachment
Click to see attachmentClick to see attachment

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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
Contemporary Arts Foundation Inc
 
% DONALD & MERA RUBELL
Number and street (or P.O. box number if mail is not delivered to street address)311 Lincoln Road Suite 200
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Miami Beach, FL33139
A Employer identification number

65-0632809
B Telephone number (see instructions)

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

D 1. 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$15,773,231J 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) 9,664,096
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...      
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)...  
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 851,957
b Less: Cost of goods sold.... 113,054
c Gross profit or (loss) (attach schedule)..... Click to see attachment 738,903 738,903
11 Other income (attach schedule)....... Click to see attachment 721,630   721,630
12 Total. Add lines 1 through 11........ 11,124,629 0 1,460,533
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 128,800     128,800
14 Other employee salaries and wages...... 461,996   64,679 397,316
15 Pension plans, employee benefits....... 8,232     8,232
16a Legal fees (attach schedule)......... 481   240 241
b Accounting fees (attach schedule)....... Click to see attachment 8,181 0 4,091 4,090
c Other professional fees (attach schedule).... Click to see attachment 60,286   30,143 30,143
17 Interest............... 33,120   33,120  
18 Taxes (attach schedule) (see instructions)... Click to see attachment 58,282   4,889 53,396
19 Depreciation (attach schedule) and depletion... Click to see attachment 278,975   27,898
20 Occupancy.............. 102,240     102,240
21 Travel, conferences, and meetings....... 11,084     11,084
22 Printing and publications.......... 3,113     3,113
23 Other expenses (attach schedule)....... Click to see list of attachments 637,201   448,427 188,774
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,791,991 0 613,487 927,429
25 Contributions, gifts, grants paid....... 2,400 2,400
26 Total expenses and disbursements. Add lines 24 and 25 1,794,391 0 613,487 929,829
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 9,330,238
b Net investment income (if negative, enter -0-) 0
c Adjusted net income (if negative, enter -0-)... 847,046
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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............. 19,594 587,826 587,826
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use.............. 9,273 6,491 6,491
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet2,747,647
Less: accumulated depreciation (attach schedule) bullet1,006,282 2,047,084 1,741,365 1,741,365
15 Other assets (describe bullet) Click to see attachment4,426,901 Click to see attachment13,437,549 Click to see attachment13,437,549
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 6,502,852 15,773,231 15,773,231
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 1,160,006 1,089,920
22 Other liabilities (describe bullet) Click to see attachment52,835 Click to see attachment63,062
23 Total liabilities (add lines 17 through 22)......... 1,212,841 1,152,982
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 5,290,011 14,620,249
29 Total net assets or fund balances (see instructions)..... 5,290,011 14,620,249
30 Total liabilities and net assets/fund balances (see instructions). 6,502,852 15,773,231
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
5,290,011
2
Enter amount from Part I, line 27a .....................
2
9,330,238
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
14,620,249
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
14,620,249
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
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 All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 0
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 0
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a  
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 0
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet   RefundedBullet 11  
Part VI-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? Click to see attachment....................
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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changesClick to see attachment....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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.Click to see attachment
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 XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletFL
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
    Yes
     
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
    Yes
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletwww.rfc.museum
    14
    The books are in care ofbulletDONALD & MERA RUBELL Telephone no.bullet (305) 913-1040

    Located atbullet311 LINCOLN RD SUITE 200Miami BeachFL ZIP+4bullet33139
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —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 2021, 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 VI-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? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
    Yes
     
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (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)? ......................
    1a(5)
     
    No
    (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.) ...............
    1a(6)
     
    No
    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
    c
    ........bullet
    d
    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 2021? .............
    1d
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-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))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    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
     
     
    c
    .........bullet
    d
    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? .................
    5d
     
     
    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? .............................
    6a
     
    No
    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?
    7a
     
    No
    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? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    DONALD RUBELL Director
    1.0     		0 0 0
    311 Lincoln Road Suite 200
    Miami Beach,FL33139
    MERA RUBELL DIRECTOR
    1.0     		0 0 0
    311 Lincoln Road Suite 200
    Miami Beach,FL33139
    JENNIFER RUBELL DIRECTOR
    1.0     		0 0 0
    311 Lincoln Road Suite 200
    Miami Beach,FL33139
    JASON RUBELL DIRECTOR
    1.0     		0 0 0
    311 Lincoln Road Suite 200
    Miami Beach,FL33139
    JUAN VALADEZ DIRECTOR
    40.0     		128,800 5,200 0
    1661 Ashton Court
    Miami,FL33145
    LILIANA ZARIF DIRECTOR
    1.0     		0 0 0
    311 Lincoln Road Suite 200
    Miami Beach,FL33139
    BARRY BRANT DIRECTOR
    1.0     		0 0 0
    515 E Las Olas Blvd 15FL
    Fort Lauderdale,FL33301
    MICHELLE SIMKINS DIRECTOR
    1.0     		0 0 0
    510 LAKEVIEW COURT
    Miami Beach,FL33140
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
     
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    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
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 THE FOUNDATION OPERATES TO EXHIBIT THE RUBELL FAMILY COLLECTION OF CONTEMPORARY ART ON LOAN AS WELL AS OTHER PRIVATE AND MUSEUM COLLECTIONS AT ITS PRIMARY LOCATION. 278,949
    2 THE FOUNDATION PARTICIPATES IN FORMAL EDUCATION OF ART AND ART HISTORY STUDENTS THROUGH CLASSES CONDUCTED AT THE FOUNDATION BY LOCAL HIGH SCHOOLS, COLLEGES & UNIVERSITIES. 650,880
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    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
    278,215
    c
    Fair market value of all other assets (see instructions)................
    1c
    15,185,405
    d
    Total (add lines 1a, b, and c).........................
    1d
    15,463,620
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    849,549
    3
    Subtract line 2 from line 1d.........................
    3
    14,614,071
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    219,211
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    14,394,860
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    719,743
    Part X
    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 IX, line 6..................
    1
     
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
     
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    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 XII, line 1 ...
    7
     
    Part XI
    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
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    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 XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7  
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........  
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$  
    a Applied to 2020, 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 2021 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2021.    
    (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 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		 
    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 2016 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, enter the date of the ruling ....... bullet
    2008-12-22
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
    719,743 0 0 0 719,743
    b 85% (0.85) of line 2a ......... 611,782 0 0 0 611,782
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		929,829 590,779 682,858 552,816 2,756,282
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		929,829 590,779 682,858 552,816 2,756,282
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ...... 15,773,231 6,502,852 4,575,233 3,965,230 30,816,546
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		 15,773,231 6,265,112 4,533,736 3,916,424 30,488,503
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		  0 0 0 0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		  0 0 0 0
    (3) Largest amount of support
    from an exempt organization    		   0 0 0 0
    (4) Gross investment income   0 0 0 0
    Part XIV
    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).)
    DONALD AND MERA RUBELL
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    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
    Friends of WLRN Inc
    172 NE 15TH STREET
    Miami,FL33132     		None   Charitable 2,400
    Total .................................bullet 3a 2,400
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-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
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		         
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory   89,263     649,640
    11 Other revenue:
    aMISCELLANEOUS INCOME     		        475
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 89,263   1,371,270
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,460,533
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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 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 (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990)
    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
    2021
    Name of the organization
    Contemporary Arts Foundation Inc
     
    Employer identification number

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






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that 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) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    Contemporary Arts Foundation Inc
          		Employer identification number
    65-0632809
    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
    Donald Mera Rubell
    311 Lincoln Road Suite 200
     
    Miami Beach, FL33139

    		$ 8,000,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    Knight Foundation
    200 S Biscayne Blvd 3300
     
    Miami, FL33131

    		$ 100,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    Phillips
    450 Park Avenue
     
    New York, NY10022

    		$ 25,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    BENEDIKT AND LAUREN TASCHEN
    32 EAST 57TH STREET
     
    NEW YORK, NY10022

    		$ 1,031,978


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
    LEON SIMKINS CHARITABLE FOUNDATION
    200 S Biscayne Blvd Fl 7
     
    Miami, FL33131

    		$ 12,500


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    6
    VALENTINO USA
    140 NE 39th Street
     
    Miami, FL33137

    		$ 80,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Name of organization
    Contemporary Arts Foundation Inc
          		Employer identification number
    65-0632809
    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
    7
    MORGAN STANLEY
    1585 Broadway
     
    New York, NY10036

    		$ 80,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    8
    EDRINGTON
    1101 Brickell Ave 18th Floor
     
    Miami, FL33131

    		$ 80,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    9
    BARBARA STURM
    140 NE 39TH ST SUITE 111
     
    MIAMI, FL33137

    		$ 7,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    10
    MEDIA 8 LLC
    2200 BISCAYNE BLVD
     
    MIAMI, FL33137

    		$ 20,794


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    11
    BANK OF AMERICA SCHOLARSHIP
    900 SE Federal Highway 2nd Floor
     
    Stuart, FL34994

    		$ 125,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    12
    PPP LOAN FORGIVENESS
    Small Business Administration
     
    Washington, DC20416

    		$ 97,600


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 3
    Name of organization
    Contemporary Arts Foundation Inc
          		Employer identification number

    65-0632809
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    5
    		 Artwork- Thomas Houseago Bronze Statue $ 250,000 2021-12-23
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    5
    		 Artwork- Javier's Sons $ 750,000 2021-12-23
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 Artwork- Robert Gober Slanted Playpen $ 2,500,000 2021-12-31
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 Artwork- Jeff Koons Two Kids $ 700,000 2021-12-31
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 Artwork- Paul McCarthy Moca Man $ 800,000 2021-12-31
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 Artwork- Richard Prince I haven't got a penny $ 4,000,000 2021-12-31
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    Contemporary Arts Foundation Inc
          		Employer identification number

    65-0632809
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990) (2021)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2021 AccountingFeesSchedule
    Name:
    Contemporary Arts Foundation Inc
    EIN:
    65-0632809
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 8,181   4,091 4,090

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

    TY 2021 AmortizationSchedule
    Name:
    Contemporary Arts Foundation Inc
    EIN:
    65-0632809
    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
    LOAN COST 2018-01-01 15,572 9,342 5.0 3,114     12,456

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

    TY 2021 DepreciationSchedule
    Name:
    Contemporary Arts Foundation Inc
    EIN:
    65-0632809
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    BOOKS 2002-03-15 483 402 M7 7        
    BOOKS 2002-04-15 1,115 940 M7 7        
    BOOKS 2002-05-15 233 195 M7 7        
    BOOKS 2002-06-15 631 532 M7 7        
    BOOKS 2002-07-15 175 149 M7 7        
    BOOKS 2002-11-15 666 577 M7 7        
    BOOKS 2002-12-15 38 32 M7 7        
    BOOKS 2003-07-01 2,551 1,823 M7          
    FURNITURE 2004-05-04 5,000 4,029 M7          
    FURNITURE 2004-05-04 5,000 4,029 M7          
    FURNITURE 2004-05-06 921 742 M7          
    FURNITURE 2004-05-25 2,000 1,613 M7          
    FURNITURE 2004-05-25 2,000 1,613 M7          
    FURNITURE 2004-06-01 17,019 13,720 M7          
    FURNITURE 2004-06-03 6,518 5,254 M7          
    FURNITURE 2004-07-14 6,319 5,093 M7          
    FURNITURE 2004-08-11 4,025 3,245 M7          
    FURNITURE 2004-08-11 4,025 3,245 M7          
    FURNITURE 2004-09-17 3,265 2,633 M7          
    FURNITURE 2004-10-12 8,350 6,731 M7          
    BOOKS 2004-07-01 3,022 2,437 M7          
    OFFICE EQUIPMENT 2005-06-01 11,547 11,547 M7          
    FURNITURE 2005-01-14 2,039 2,039 M7          
    BOOKS 2005-06-03 88 88 M7          
    BOOKS 2005-08-23 2,343 2,343 M7          
    BOOKS 2005-06-01 3,237 3,237 M7          
    FURNITURE 2006-12-31 831 831 M7          
    BOOKS 2006-01-30 61 60 M7          
    BOOKS 2006-03-17 434 434 M7          
    BOOKS 2006-03-30 53 53 M7          
    BOOKS 2006-03-30 238 238 M7          
    BOOKS 2006-06-28 25,279 25,276 M7          
    BOOKS 2006-08-25 27 27 M7          
    BOOKS 2006-09-11 5,630 5,630 M7          
    BOOKS 2006-09-18 27 27 M7          
    BOOKS 2006-09-28 65 65 M7          
    BOOKS 2006-10-26 148 148 M7          
    BOOKS 2006-10-30 36 36 M7          
    BOOKS 2006-12-21 1,997 1,996 M7          
    BOOKS 2006-12-31 2,712 2,712 M7          
    FURNITURE 2007-05-21 12,393 12,393 M7          
    FURNITURE 2007-06-27 13,950 13,949 M7          
    FURNITURE 2007-06-27 13,950 13,949 M7          
    FURNITURE 2007-07-31 6,350 6,349 M7          
    FURNITURE 2007-08-13 13,950 13,949 M7          
    FURNITURE 2007-08-13 17,492 17,492 M7          
    FURNITURE 2007-08-27 21,759 21,759 M7          
    FURNITURE 2007-08-31 2,580 2,579 M7          
    FURNITURE 2007-09-13 2,440 2,440 M7          
    FURNITURE 2007-09-13 4,336 4,336 M7          
    FURNITURE 2007-09-30 1,073 1,073 M7          
    BOOKS 2007-01-31 118 118 M7          
    BOOKS 2007-04-30 450 449 M7          
    BOOKS 2007-05-21 485 485 M7          
    BOOKS 2007-06-30 2,045 2,045 M7          
    BOOKS 2007-07-31 729 729 M7          
    BOOKS 2007-08-31 702 702 M7          
    FURNITURE 2008-02-13 15,207 7,603 M7          
    FURNITURE 2008-03-31 1,053 526 M7          
    FURNITURE 2008-09-26 1,270 635 M7          
    BOOKS 2008-02-13 321 160 M7          
    BOOKS 2008-02-21 89 44 M7          
    BOOKS 2008-03-14 322 161 M7          
    BOOKS 2008-04-25 147 73 M7          
    BOOKS 2008-05-16 58 29 M7          
    BOOKS 2008-05-27 70 35 M7          
    BOOKS 2008-06-27 70 35 M7          
    BOOKS 2008-07-22 1,628 814 M7          
    BOOKS 2008-08-21 55 27 M7          
    BOOKS 2008-09-26 95 47 M7          
    BOOKS 2008-10-23 154 77 M7          
    BOOKS 2008-11-28 50 25 M7          
    BOOKS 2008-12-29 43 21 M7          
    EQUIPMENT 2009-10-28 3,500 1,750 M5          
    BOOKS 2009-01-22 47 23 M7          
    BOOKS 2009-02-23 36 18 M7          
    BOOKS 2009-03-27 65 32 M7          
    BOOKS 2009-06-18 59 29 M7          
    BOOKS 2009-11-30 105 52 M7          
    BOOKS 2009-12-14 447 223 M7          
    BOOKS 2010-03-26 263 131 M7          
    WAREHOUSE-BUILDING 2011-12-09 1,148,847 266,333 M39   29,456      
    BLD IMPROV-WAREHOU 2011-12-21 8,250 1,917 M39   212      
    BLD IMPROV-MUSEUM 2011-09-13 15,000 3,577 M39          
    WAREHOUSE-LAND 2011-12-09 287,212   L          
    BLD IMPROV-WARHOUS 2012-01-27 11,534 2,652 M39   296      
    WAREHOUSE ADDITION 2012-07-10 20,606 4,467 M39   528      
    BLD IMPROV-MUSEUM 2012-05-14 30,000 6,633 M39          
    BLD IMPROVE-MUSEUM 2012-07-10 10,000 2,166 M39          
    BLD IMPROV-MUSEUM 2012-08-21 7,515 1,616 M39          
    EQUIPMENT 2012-06-18 6,500 3,249 M5          
    EQUIPMENT 2012-08-21 939 469 M5          
    BOOKS 2012-03-01 1,836 918 M7          
    BOOKS 2012-04-23 328 164 M7          
    BOOKS 2012-05-31 504 252 M7          
    BOOKS 2012-06-18 1,100 550 M7          
    BOOKS 2012-09-25 115 57 M7          
    BLD IMPROV-MUSEUM 2013-01-02 7,810 1,592 M39          
    PARKING-MUSUEM 2013-10-28 7,500 2,006 M15          
    EQUIPMENT 2013-04-01 3,153 1,576 M5          
    EQUIPMENT 2013-12-11 2,365 1,181 M5          
    EQUIPMENT 2013-12-19 6,371 2,293 M5          
    EQUIPMENT 2014-01-06 1,190 595 M5          
    COMPUTER EQUIPMENT 2014-07-15 1,635 816 M5          
    COMPUTER EQUIPMENT 2014-07-15 1,015 505 M5          
    COMPUTER EQUIPMENT 2014-09-29 1,053 526 M5          
    FURNITURE 2014-11-28 1,409 673 M7   31      
    FURNITURE 2014-11-28 1,612 770 M7   36      
    BOOKS 2014-09-29 821 393 M7   17      
    BLD IMPROV-MUSEUM 2015-10-30 9,250 1,234 M39          
    BLD IMPROV-MUSEUM 2015-11-25 9,250 1,215 M39          
    BLD IMPROV-MUSEUM 2015-11-30 1,095 144 M39          
    BLD IMPROV-WAREHOU 2016-06-21 3,213 373 M39   82      
    BLD IMPROV-WAREHOU 2016-09-28 5,000 549 M39   128      
    BLD IMPROV-WAREHOU 2016-11-01 2,500 264 M39   64      
    BLD IMPROV-WAREHOU 2016-12-21 4,133 428 M39   106      
    TRUCK 2016-08-01 11,500 10,838 M5   662      
    EQUIPMENT 2017-06-28 6,000 4,963 M5   682      
    EQUIPMENT 2017-11-27 2,385 1,973 M5   261      
    COMPUTER EQUIPMENT 2017-11-27 2,313 1,913 M5   253      
    BOOKS 2017-03-28 140 95 M7   12      
    COMPUTER EQUIPMENT 2018-12-21 2,059 1,354 M5   282      
    STORAGE SHELVES 2020-08-11 3,866 37 M39   99      
    AC SYSTEM 2020-10-27 35,217 188 M39   903      
    COMP EQUIP- APPLE 2020-01-28 2,066 413 M5   661      
    BOOKS- INGRAM 2020-01-28 730 104 M7   179      
    BOOKS 2020-02-26 315 45 M7   77      
    BOOKS 2020-03-27 847 121 M7   207      
    BOOKS 2020-06-22 452 65 M7   111      
    BOOKS 2020-08-27 208 30 M7   51      
    BOOKS 2020-09-24 187 27 M7   46      
    BOOKS 2020-10-27 299 43 M7   73      
    BOOKS 2020-11-25 742 106 M7   182      
    BOOKS 2020-12-17 97 14 M7   24      
    FURNITURES & FIXT 2020-01-01 417,302 59,632 M7   102,197      
    NETWORKING EQUIP 2020-01-01 28,196 5,639 M5   9,023      
    SECURITY EQUIPMENT 2020-01-01 60,786 12,157 M5   19,452      
    RESTAURANT EQUIP 2020-06-01 279,600 55,920 M5   89,472      
    FURNITURES & FIXT 2020-01-06 1,923 275 M7   471      
    FURNITURES & FIXT 2020-01-06 5,118 731 M7   1,253      
    FURNITURES & FIXT 2020-02-20 1,800 257 M7   441      
    SHELVING 2020-09-15 7,610 1,087 M7   1,864      
    SECURITY EQUIPMENT 2020-01-07 1,707 341 M5   546      
    SECURITY EQUIPMENT 2020-02-04 11,531 2,306 M5   3,690      
    SECURITY EQUIPMENT 2020-05-13 15,675 3,135 M5   5,016      
    SECURITY EQUIPMENT 2020-06-11 10,000 2,000 M5   3,200      
    EQUIPMENT 2021-04-22 12,900   M5   2,580      
    COMPUTER EQUIPMENT 2021-12-08 999   M5   200      
    BOOKS 2021-01-20 391   M7   56      
    BOOKS 2021-03-22 60   M7   9      
    BOOKS 2021-04-21 327   M7   47      
    BOOKS 2021-05-18 26   M7   4      
    BOOKS 2021-06-21 286   M7   41      
    BOOKS 2021-07-22 255   M7   36      
    BOOKS 2021-09-15 652   M7   93      
    BOOKS 2021-11-23 540   M7   77      
    BOOKS 2021-12-21 396   M7   57      
    BLD IMP-NEW MUSEUM 2021-07-27 26,800   M39   315      

    TY 2021 GeneralExplanationAttachment
    Name:
    Contemporary Arts Foundation Inc
    EIN:
    65-0632809
    Identifier Return Reference Explanation
    Form 990-PF, Part VI-A, Line 10, Substantial Contributors Form 990-PF, Part VI-A, Line 10, Substantial Contributors Benedikt and Lauren Taschen 32 East 57th Street New York, NY 10022

    TY 2021 OtherAssetsSchedule
    Name:
    Contemporary Arts Foundation Inc
    EIN:
    65-0632809
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DEPOSITS 1,252 15,014 15,014
    ARTWORK 4,419,419 13,419,419 13,419,419
    BOA LOAN COSTS 6,230 3,116 3,116


    TY 2021 OtherExpensesSchedule
    Name:
    Contemporary Arts Foundation Inc
    EIN:
    65-0632809
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ART WORK TREATMENT 2,235   2,235  
    ART WORK INSTALLATION 15,772   15,772  
    AUTOMOBILE EXPENSE 10,642     10,642
    CREDIT CARD FEES (VI/MC) 42,564     42,564
    COMPUTER EXPENSE 14,579     14,579
    DUES AND SUBSCRIPTIONS 1,985     1,985
    INSURANCE 196,797   196,797  
    LICENSES AND PERMITS 2,745     2,745
    ARTIST IN RESIDENCE PROGRAM 31,713     31,713
    POSTAGE AND DELIVERY 1,451     1,451
    PAYROLL PROCESSING FEES 4,633     4,633
    EQUIPMENT RENTAL 6,509   6,509  
    TELEPHONE 4,553     4,553
    REPAIRS AND MAINTENANCE 57,627   57,627  
    UTILITIES 96,000   96,000  
    OFFICE SUPPLIES AND EXPENSES 28,897     28,897
    MEALS AND ENTERTAINMENT 2,189     2,189
    SHIPPING/DELIVERY- ARTWORK 34,481     34,481
    INTERNSHIP PROGRAM FEES 4,950     4,950
    ADVERTISING- DIRECT MAIL 696     696
    SIGN EXPENSE 2,696     2,696
    LOSS ON DISPOSAL OF ASSETS 73,487   73,487  


    TY 2021 OtherIncomeSchedule2
    Name:
    Contemporary Arts Foundation Inc
    EIN:
    65-0632809
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PROGRAM FEES 110,782   110,782
    VENUE RENTAL 405,373   405,373
    EXHIBITION FEES 205,000   205,000
    MISCELLANEOUS INCOME 475   475


    TY 2021 OtherLiabilitiesSchedule
    Name:
    Contemporary Arts Foundation Inc
    EIN:
    65-0632809
    Description Beginning of Year - Book Value End of Year - Book Value
    SALES TAX PAYABLE 2,835 13,062
    DEPOSITS 50,000 50,000


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    Contemporary Arts Foundation Inc
    EIN:
    65-0632809
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING 11,000      
    WRITERS 22,000      
    PUBLIC RELATIONS 27,286      


    TY 2021 SalesOfInventoryList 
    Name:
    Contemporary Arts Foundation Inc
    EIN:
    65-0632809

    Category Gross Sales Cost of Goods Sold Net (Gross Sales Minus
    Cost of Goods Sold)
    BOOK/CATALOG SALES 851,957   851,957

    TY 2021 TaxesSchedule
    Name:
    Contemporary Arts Foundation Inc
    EIN:
    65-0632809
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 44,659   4,889 39,773
    PERSONAL PROPERTY TAXES 13,623     13,623