Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
ART & PRACTICE
 
Number and street (or P.O. box number if mail is not delivered to street address)3401 W 43RD PL 2ND FL
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LOS ANGELES, CA900084907
A Employer identification number

46-1471404
B Telephone number (see instructions)

(323) 337-6887
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$24,060,799J 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) 220,165
2 Check right arrow.............
3 Interest on savings and temporary cash investments 15,959 15,959 15,959
4 Dividends and interest from securities... 410,418 410,418 410,418
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -881,856
b Gross sales price for all assets on line 6a 10,428,683
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ -235,314 426,377 426,377
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 122,531 0 0 122,531
14 Other employee salaries and wages...... 227,557 0 0 227,557
15 Pension plans, employee benefits....... 27,319 0 0 27,319
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
27,528 0 0 24,551
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
47,210 0 0 45,295
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
40,665 0 0 34,968
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
5,441 4,831 0 610
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
121,098 0 0
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments
List of Attached Documents:
// Content
865,283 124,040 0 734,604
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,484,632 128,871 0 1,217,435
25 Contributions, gifts, grants paid....... 351,700 351,700
26 Total expenses and disbursements. Add lines 24 and 25 1,836,332 128,871 0 1,569,135
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,071,646
b Net investment income (if negative, enter -0-) 297,506
c Adjusted net income (if negative, enter -0-)... 426,377
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 1,626,610 2,104,790 2,104,790
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow198
Less: allowance for doubtful accounts right arrow   -418 198 198
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 20,298,773 Click to see attachment
List of Attached Documents:
// Content
21,817,497 		21,817,497
14 Land, buildings, and equipment: basis right arrow831,529
Less: accumulated depreciation (attach schedule) right arrow826,740 136,511 Click to see attachment
List of Attached Documents:
// Content
4,789 		4,789
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
17,579 		Click to see attachment
List of Attached Documents:
// Content
133,525 		Click to see attachment
List of Attached Documents:
// Content
133,525
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 22,079,055 24,060,799 24,060,799
Liabilities 17 Accounts payable and accrued expenses.......... 84,678 114,835
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 84,678 114,835
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 21,994,377 23,945,964
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
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    
29 Total net assets or fund balances (see instructions)..... 21,994,377 23,945,964
30 Total liabilities and net assets/fund balances (see instructions). 22,079,055 24,060,799
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
21,994,377
2
Enter amount from Part I, line 27a .....................
2
-2,071,646
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
4,023,233
4
Add lines 1, 2, and 3 ..........................
4
23,945,964
5
Decreases not included in line 2 (itemize) right arrow
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
23,945,964
Form 990-PF (2023)
Form 990-PF (2023)
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 US BANK - SECURITIES SALES P 2022-06-02 2023-01-26
b US BANK - SECURITIES SALES P 2020-04-24 2023-01-26
c CAPITAL GAINS DIVIDENDS P    
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 75,006   75,324 -318
b 10,345,922   11,235,215 -889,293
c 7,755     7,755
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       -318
b       -889,293
c       7,755
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 -881,856
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 -318
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 right arrow 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) 1 4,135
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 0
3 Add lines 1 and 2........................... 3 4,135
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 4,135
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 5,440
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 5,440
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.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 1,305
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow1,305 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
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? ....................
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. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 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:
round bullet By language in the governing instrument, or
round bullet 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)
right arrowCA
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 2023 or the taxable year beginning in 2023? 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
 
No
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 addressright arrowWWW.ARTANDPRACTICE.ORG
14
The books are in care ofright arrowKKAJ LLP Telephone no.right arrow (661) 705-4222

Located atright arrow27200 TOURNEY ROAD STE 475VALENCIACA ZIP+4right arrow91355
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, 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 right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
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)
Yes
 
(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)
Yes
 
(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
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2023? .............
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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 2023 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 2023.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
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
Organizations relying on a current notice regarding disaster assistance check .........right arrow
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
MARK BRADFORD PRESIDENT OF THE BOARD OF DIRECTORS
1.00 		0 0 0
3401 W 43RD PL
LOS ANGELES,CA90008
ALLAN DICASTRO CHIEF EXECUTIVE OFFICER
25.00 		0 0 0
3401 W 43RD PL
LOS ANGELES,CA90008
EILEEN HARRIS NORTON SECRETARY
1.00 		0 0 0
3401 W 43RD PL
LOS ANGELES,CA90008
SOPHIA BELSHEIM DIRECTOR
40.00 		122,531 0 0
3401 W 43RD PL
LOS ANGELES,CA90008
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
EBONE MCCLOUD FOSTER YOUTH PROGRAM
40.00 		70,079 0 0
1245 S CITRUS AVE
LOS ANGELES,CA90019
PAUL MATE ART PROGRAMS MANAGER
40.00 		61,005 0 0
3401 W 43RD PLACE
LOS ANGELES,CA90008
TAMARA M MITCHELL OFFICE LIAISON/MARKE
40.00 		50,837 0 0
15206 S RAYMOND AVE APT 27
GARDENA,CA90247
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
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
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
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 ART + PRACTICE'S MISSION IS TO SUPPORT THE NEEDS OF ITS LOCAL FOSTER YOUTH AND REFUGEE CHILDREN AROUND THE WORLD, AND PROVIDE ITS SUPPORT WITH FREE ACCESS TO MUSEUM-CURATED CONTEMPORARY ART. MANAGEMENT AND GENERAL ACTIVITIES INCLUDE THOSE THAT PROVIDE GOVERNANCE, OVERSIGHT, BUSINESS MANAGEMENT, FINANCIAL RECORD KEEPING, BUDGETING, LEGAL SERVICES, HUMAN RESOURCE MANAGEMENT, AND SIMILAR ACTIVITIES THAT ENSURE AN ADEQUATE WORKING ENVIRONMENT AND AN EQUITABLE EMPLOYMENT PROGRAM. 214,406
2 PUBLIC ENGAGEMENT - ART + PRACTICE, IN CONJUNCTION WITH MUSEUM-INSTITUTIONS, ORGANIZES ART EXHIBITIONS AND PUBLIC PROGRAMS FOR THE PUBLIC AT NO CHARGE. THESE PROGRAMS INCLUDED INDIVIDUAL ARTISTS' TALKS, WORKSHOPS, FILM SCREENINGS, PERFORMANCES, BOOK READINGS, AND PANEL DISCUSSIONS. 909,620
3 FOSTER YOUTH - ART + PRACTICE SUPPORTS THE NEEDS OF ITS LOCAL FOSTER YOUTH THROUGH ITS COLLABORATIONS WITH NONPROFIT FOSTER YOUTH SOCIAL SERVICES PROVIDER FIRST PLACE FOR YOUTH. FOSTER YOUTH RECEIVED JOB TRAINING, HOUSING SERVICES, AND EDUCATION SUPPORT. 136,026
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.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
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
21,892,491
b
Average of monthly cash balances.......................
1b
904,610
c
Fair market value of all other assets (see instructions)................
1c
2,080
d
Total (add lines 1a, b, and c).........................
1d
22,799,181
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
22,799,181
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
341,988
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
22,457,193
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,122,860
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 2022 from Part V, line 5.......
2a
 
b
Income tax for 2022. (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
1,569,135
b
Program-related investments—total from Part VIII-B..................
1b
0
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
1,569,135
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7  
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$  
a Applied to 2022, 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 2023 distributable amount.....  
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2023.    
(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 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		 
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 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
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 2023, enter the date of the ruling ...... right arrow
2014-03-01
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
426,377 524,160 455,654 450,043 1,856,234
b 85% (0.85) of line 2a ......... 362,420 445,536 387,306 382,537 1,577,799
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		1,569,135 1,473,800 844,867 1,104,804 4,992,606
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		351,700 474,750 111,000 186,000 1,123,450
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		1,217,435 999,050 733,867 918,804 3,869,156
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 IX, line 6 for each year listed .. 		748,573 779,087 881,720 835,720 3,245,100
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 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).)
ALLAN DICASTRO
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 right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
ALLAN DICASTRO
3401 W 43RD PL
LOS ANGELES,CA90008
(323) 630-3907
ALLAN@ARTANDPRACTICE.ORG
bThe form in which applications should be submitted and information and materials they should include:
PLEASE CONTACT ORGANIZATION FOR MORE DETAILS.
cAny submission deadlines:
PLEASE CONTACT ORGANIZATION FOR MORE DETAILS.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
PLEASE CONTACT ORGANIZATION FOR MORE DETAILS.
Form 990-PF (2023)
Form 990-PF (2023)
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

FIRST PLACE FOR YOUTH

4337 LEIMERT BOULEVARD
LOS ANGELES,CA90008 		NONE PC TO SUPPORT THE ART + PRACTICE SCHOLARS PROGRAM AS DESCRIBED IN FIRST PLACE FOR YOUTH'S PROPOSAL 100,000

NEST GLOBAL

865 VIA LA PAZ PMB 38
LOS ANGELES,CA90272 		NONE PC PROVIDE SUPPORT FOR NEST GLOBAL'S OUTREACH EFFORTS AS WELL AS PROVIDE FUNDING FOR THEIR EARLY CHILDHOOD EDUCATION PROGRAM SUPPORTING UNDERSERVED CHILDREN THROUGHOUT THE WORLD. 251,700
Total .................................right arrow 3a 351,700
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
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 ........... 		    14 15,959  
4 Dividends and interest from securities ....     14 410,418  
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 ............ 		    18 -881,856  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 -455,479 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
-455,479
(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 (2023)
Form 990-PF (2023)
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
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
2023
Name of the organization
ART & PRACTICE
 
Employer identification number

46-1471404
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) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
ART & PRACTICE
  		Employer identification number
46-1471404
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
EILEEN NORTON
 
406 ADELAIDE DRIVE
 
SANTA MONICA, CA90402

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
MAFIAPAPERS
 
PO BOX 514718
 
LOS ANGELES, CA90051

$ 175,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
THE BROAD ART FOUNDATION
 
221 S GRAND AVE
 
LOS ANGELES, CA90012

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
4
BENJAMIN WATKINS
 
828 MCCARTHY CT
 
EL SEGUNDO, CA90245

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
5
THE RAUCH FOUNDATION
 
PO BOX 626
 
WOODSTOCK, VT05091

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
6
TEIGER FOUNDATION
 
195 CHRYSTIE STREET STE 809G
 
NEW YORK, NY10002

$ 10,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
ART & PRACTICE
  		Employer identification number

46-1471404
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
 
$    
(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) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
ART & PRACTICE
  		Employer identification number

46-1471404
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) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
ART & PRACTICE
EIN:
46-1471404
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 47,210 0 0 45,295

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

TY 2023 AmortizationSchedule
Name:
ART & PRACTICE
EIN:
46-1471404
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
WEBSITE 2021-03-15 20,000 9,376 48.000000000000 5,000 0 0 14,376

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

TY 2023 DepreciationSchedule
Name:
ART & PRACTICE
EIN:
46-1471404
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
COMPUTER EQUIPMENT 2013-07-01 1,964 1,964 200DB 5.000000000000 0 0 0  
CAMERA EQUIPMENT 2014-09-29 36,877 36,876 200DB 5.000000000000 0 0 0  
MACBOOK DESKTOP 2014-01-13 1,807 1,806 200DB 5.000000000000 0 0 0  
MACBOOK DESKTOP 2014-01-13 1,807 1,806 200DB 5.000000000000 0 0 0  
COMPUTER EQUIPMENT 2014-08-06 3,148 3,148 200DB 5.000000000000 0 0 0  
FURNITURE 2014-07-31 6,108 6,108 200DB 7.000000000000 0 0 0  
LEASEHOLD IMPROVEMENTS 2014-12-29 206,642 167,156 SL 39.000000000000 22,729 0 0  
COMPUTER EQUIPMENT 2015-09-30 32,032 32,032 200DB 5.000000000000 0 0 0  
FURNITURE BAR STOOLS 2015-02-17 517 517 200DB 7.000000000000 0 0 0  
FURNITURE BOOKCASES 2015-06-02 2,724 2,724 200DB 7.000000000000 0 0 0  
FURNITURE FOLDING CHAIRS 2015-09-18 1,345 1,345 200DB 7.000000000000 0 0 0  
FURNITURE VISUAL EQUIPMENT 2015-10-26 21,210 18,918 200DB 5.000000000000 0 0 0  
SECURITY EQUIPMENT 2015-11-07 3,720 3,720 200DB 7.000000000000 0 0 0  
LEASEHOLD IMPROVEMENTS 2015-06-30 126,981 100,732 SL 39.000000000000 14,940 0 0  
LEASEHOLD IMPROVEMENTS 2015-10-31 156,049 121,818 SL 39.000000000000 19,332 0 0  
SAMSUNG LED TV 2016-09-27 2,171 1,631 200DB 5.000000000000 230 0 0  
COMPUTER EQUIPMENT MAC MINIS 2016-08-24 3,050 3,050 200DB 5.000000000000 0 0 0  
FURNITURE CLOCK 2016-09-08 2,607 1,981 200DB 5.000000000000 248 0 0  
COMPUTER SOFTWARE 2016-09-27 18,464 18,464 200DB 3.000000000000 0 0 0  
FURNITURE 2016-10-07 65,999 58,457 200DB 7.000000000000 6,644 0 0  
FURNITURE DRAPERY 2016-10-24 7,504 6,597 200DB 7.000000000000 872 0 0  
CAMERA EQUIPMENT (COMPUTER) 2016-09-16 27,798 27,798 200DB 7.000000000000 0 0 0  
LEASEHOLD IMPROVEMENTS 2016-04-06 10,295 7,847 SL 39.000000000000 1,369 0 0  
SAMSUNG REFRIGERATOR 2016-07-05 2,328 2,135 200DB 7.000000000000 166 0 0  
LEASEHOLD IMPROVEMENTS STAIRCASE 2016-02-19 7,600 5,825 SL 39.000000000000 994 0 0  
DISHWASHER 2016-09-23 1,106 1,001 200DB 7.000000000000 105 0 0  
LEASEHOLD IMPROVEMENTS AWNING 2016-10-28 3,066 2,290 SL 39.000000000000 434 0 0  
COMPUTER EQUIPMENT 2016-12-28 20,614 20,614 200DB 5.000000000000 0 0 0  
EXHIBITION GALLERY DESK 2017-04-16 3,990 3,206 200DB 7.000000000000 190 0 0  
BOOKSTORE CABINET 2017-07-05 2,500 1,964 200DB 7.000000000000 179 0 0  
TELEPHONE EQUIPMENT 2018-09-13 3,285 2,705 200DB 5.000000000000 313 0 0  
COMPUTER EQUIPMENT 2019-05-03 7,488 5,392 200DB 5.000000000000 1,498 0 0  
COMPUTER EQUIPMENT 2020-03-16 1,564 970 200DB 5.000000000000 313 0 0  
COMPUTER EQUIPMENT 2020-03-16 1,564 970 200DB 5.000000000000 313 0 0  
COMPUTER EQUIPMENT 2020-03-16 1,564 970 200DB 5.000000000000 313 0 0  
COMPUTER EQUIPMENT 2020-03-16 1,564 970 200DB 5.000000000000 313 0 0  
COMPUTER EQUIPMENT 2020-05-19 626 375 200DB 5.000000000000 125 0 0  
COMPUTER EQUIPMENT 2020-05-19 626 375 200DB 5.000000000000 125 0 0  
COMPUTER EQUIPMENT 2020-05-19 626 375 200DB 5.000000000000 125 0 0  
COMPUTER EQUIPMENT 2020-05-19 627 376 200DB 5.000000000000 125 0 0  
COMPUTER EQUIPMENT 2020-08-18 62 35 200DB 5.000000000000 12 0 0  
COMPUTER EQUIPMENT 2020-08-18 62 35 200DB 5.000000000000 12 0 0  
COMPUTER EQUIPMENT 2020-08-18 62 35 200DB 5.000000000000 12 0 0  
COMPUTER EQUIPMENT 2020-08-18 63 35 200DB 5.000000000000 12 0 0  
LEASEHOLD IMPROVEMENTS 2016-09-15 9,723 8,500 200DB 7.000000000000 1,223 0 0  

TY 2023 InvestmentsOtherSchedule2
Name:
ART & PRACTICE
EIN:
46-1471404
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
INVESTMENTS FMV 21,817,497 21,817,497

TY 2023 LandEtcSchedule2
Name:
ART & PRACTICE
EIN:
46-1471404
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
COMPUTER EQUIPMENT 1,964 1,964 0  
CAMERA EQUIPMENT 36,877 36,876 1  
MACBOOK DESKTOP 1,807 1,806 1  
MACBOOK DESKTOP 1,807 1,806 1  
COMPUTER EQUIPMENT 3,148 3,148 0  
FURNITURE 6,108 6,108 0  
LEASEHOLD IMPROVEMENTS 206,642 189,885 16,757  
COMPUTER EQUIPMENT 32,032 32,032 0  
FURNITURE BAR STOOLS 517 517 0  
FURNITURE BOOKCASES 2,724 2,724 0  
FURNITURE FOLDING CHAIRS 1,345 1,345 0  
FURNITURE VISUAL EQUIPMENT 21,210 18,918 2,292  
SECURITY EQUIPMENT 3,720 3,720 0  
LEASEHOLD IMPROVEMENTS 126,981 115,672 11,309  
LEASEHOLD IMPROVEMENTS 156,049 141,150 14,899  
SAMSUNG LED TV 2,171 1,861 310  
COMPUTER EQUIPMENT MAC MINIS 3,050 3,050 0  
FURNITURE CLOCK 2,607 2,229 378  
COMPUTER SOFTWARE 18,464 18,464 0  
FURNITURE 65,999 65,101 898  
FURNITURE DRAPERY 7,504 7,469 35  
CAMERA EQUIPMENT (COMPUTER) 27,798 27,798 0  
LEASEHOLD IMPROVEMENTS 10,295 9,216 1,079  
SAMSUNG REFRIGERATOR 2,328 2,301 27  
LEASEHOLD IMPROVEMENTS STAIRCASE 7,600 6,819 781  
DISHWASHER 1,106 1,106 0  
LEASEHOLD IMPROVEMENTS AWNING 3,066 2,724 342  
COMPUTER EQUIPMENT 20,614 20,614 0  
EXHIBITION GALLERY DESK 3,990 3,396 594  
BOOKSTORE CABINET 2,500 2,143 357  
TELEPHONE EQUIPMENT 3,285 3,018 267  
COMPUTER EQUIPMENT 7,488 6,890 598  
COMPUTER EQUIPMENT 1,564 1,283 281  
COMPUTER EQUIPMENT 1,564 1,283 281  
COMPUTER EQUIPMENT 1,564 1,283 281  
COMPUTER EQUIPMENT 1,564 1,283 281  
COMPUTER EQUIPMENT 626 500 126  
COMPUTER EQUIPMENT 626 500 126  
COMPUTER EQUIPMENT 626 500 126  
COMPUTER EQUIPMENT 627 501 126  
COMPUTER EQUIPMENT 62 47 15  
COMPUTER EQUIPMENT 62 47 15  
COMPUTER EQUIPMENT 62 47 15  
COMPUTER EQUIPMENT 63 47 16  
LEASEHOLD IMPROVEMENTS 9,723 9,723 0  
WEBSITE 20,000 14,376 5,624  


TY 2023 LegalFeesSchedule
Name:
ART & PRACTICE
EIN:
46-1471404
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 27,528 0 0 24,551


TY 2023 OtherAssetsSchedule
Name:
ART & PRACTICE
EIN:
46-1471404
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
UTILITY DEPOSIT 2,080 2,080 2,080
PREPAID EXPENSES 15,499 131,445 131,445


TY 2023 OtherExpensesSchedule
Name:
ART & PRACTICE
EIN:
46-1471404
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK FEES 1,741 0 0 1,741
TRAVEL 15,603 0 0 15,603
PRINTING 137,304 0 0 149,445
OFFICE SUPPLIES 7,444 0 0 7,443
INSURANCE 33,865 0 0 33,865
WEBSITE & MARKETING 111,112 0 0 109,150
COMPUTER EXPENSES 5,787 0 0 5,787
DUES & SUBSCRIPTIONS 28,575 0 0 28,575
EQUIPMENT LEASE 6,903 0 0 6,903
INTERNET 17,847 0 0 17,919
INSURANCE - HEALTH 19,749 0 0 19,749
INSURANCE - WORKERS COMP 9,548 0 0 9,548
STAFF TRAINING 1,252 0 0 794
POSTAGE & DELIVERY 83,359 0 0 67,553
REPAIRS & MAINTENANCE 31,268 0 0 31,488
ARTIST STIPEND 20,500 0 0 20,500
PER DIEM 1,572 0 0 1,572
MATERIALS 16,804 0 0 16,804
SECURITY 136,949 0 0 146,719
TELEPHONE 8,047 0 0 8,047
UTILITIES 25,886 0 0 25,895
BOARD MEETINGS 2,306 0 0 2,306
INVESTMENT FEES 124,040 124,040 0 0
PAYROLL PROCESSING FEES 1,608 0 0 1,608
CONSERVATION 5,417 0 0 5,417
PARKING EXPENSE 15 0 0 15
OFFICE FURNISHINGS 158 0 0 158
AMORTIZATION 10,624 0 0 0


TY 2023 OtherIncreasesSchedule
Name:
ART & PRACTICE
EIN:
46-1471404
Description Amount
UNREALIZED GAIN ON INVESTMENTS 4,023,233


TY 2023 OtherProfessionalFeesSchedule
Name:
ART & PRACTICE
EIN:
46-1471404
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OUTSIDE SERVICES 40,665 0 0 34,968


TY 2023 TaxesSchedule
Name:
ART & PRACTICE
EIN:
46-1471404
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAXES 610 0 0 610
TAXES INVESTMENT FOREIGN 4,831 4,831 0 0