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
Contemporary Arts Foundation Inc
 
% LILIANA ZARIF
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 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$30,048,767J 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) 7,882,455
2 Check right arrow.............
3 Interest on savings and temporary cash investments 24,844 24,844  
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 1,423,343
b Less: Cost of goods sold.... 210,647
c Gross profit or (loss) (attach schedule)..... Click to see attachment
List of Attached Documents:
// Content
1,212,696 1,212,696
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,756,456   1,756,456
12 Total. Add lines 1 through 11........ 10,876,451 24,844 2,969,152
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 287,627     287,627
14 Other employee salaries and wages...... 904,474   126,626 777,848
15 Pension plans, employee benefits....... 14,276     14,276
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
10,549 0 5,275 5,274
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
109,012   54,507 54,505
17 Interest............... 48,670   48,670  
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
136,252   9,730 126,522
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
241,925   24,193
20 Occupancy.............. 46,860     46,860
21 Travel, conferences, and meetings....... 32,765     32,765
22 Printing and publications.......... 3,322     3,322
23 Other expenses (attach schedule)....... Click to see list of attachments
List of Attached Documents:
// Content
1,078,510   634,536 443,974
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,914,242 0 903,537 1,792,973
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 2,914,242 0 903,537 1,792,973
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 7,962,209
b Net investment income (if negative, enter -0-) 24,844
c Adjusted net income (if negative, enter -0-)... 2,065,615
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............. 1,446,615 819,188 819,188
2 Savings and temporary cash investments......... 0 1,424,844 1,424,844
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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.............. 4,544 3,635 3,635
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)..........      
14 Land, buildings, and equipment: basis right arrow8,099,759
Less: accumulated depreciation (attach schedule) right arrow1,448,134 1,634,653 6,651,625 6,651,625
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
18,769,477 		Click to see attachment
List of Attached Documents:
// Content
21,149,475 		Click to see attachment
List of Attached Documents:
// Content
21,149,475
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 21,855,289 30,048,767 30,048,767
Liabilities 17 Accounts payable and accrued expenses.......... 0 1,028,395
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 943,669 150,000
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
73,771 		Click to see attachment
List of Attached Documents:
// Content
70,314
23 Total liabilities (add lines 17 through 22)......... 1,017,440 1,248,709
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...........    
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 20,837,849 28,800,058
29 Total net assets or fund balances (see instructions)..... 20,837,849 28,800,058
30 Total liabilities and net assets/fund balances (see instructions). 21,855,289 30,048,767
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
20,837,849
2
Enter amount from Part I, line 27a .....................
2
7,962,209
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
28,800,058
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
28,800,058
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.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
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) 1 345
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........................... 3 345
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- ..... 5 345
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 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.......right arrow 9 345
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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
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.
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 arrowDC, FL
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.rfc.museum
14
The books are in care ofright arrowLILIANA ZARIF Telephone no.right arrow (305) 913-1040

Located atright arrow1100 NW 23RD STREETMiamiFL ZIP+4right arrow33127
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)
 
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
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
DONALD RUBELL Director
20.0 		0 0 0
311 Lincoln Road Suite 200
Miami Beach,FL33139
MERA RUBELL DIRECTOR
20.0 		0 0 0
311 Lincoln Road Suite 200
Miami Beach,FL33139
JENNIFER RUBELL DIRECTOR
10.0 		0 0 0
311 Lincoln Road Suite 200
Miami Beach,FL33139
JASON RUBELL DIRECTOR
20.0 		0 0 0
311 Lincoln Road Suite 200
Miami Beach,FL33139
JUAN VALADEZ DIRECTOR - MIAMI
40.0 		189,800 5,200 0
1661 Ashton Court
Miami,FL33145
LILIANA ZARIF DIRECTOR
20.0 		0 0 0
311 Lincoln Road Suite 200
Miami Beach,FL33139
BARRY BRANT DIRECTOR
1.0 		0 0 0
200 E Las Olas Blvd 19FL
Fort Lauderdale,FL33301
MICHELLE SIMKINS DIRECTOR
5.0 		0 0 0
510 LAKEVIEW COURT
Miami Beach,FL33140
CAITLIN BERRY DIRECTOR - DC
40.0 		97,827 10,442 0
311 Lincoln Road Suite 200
Miami Beach,FL33139
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...................right arrow  
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
 
Total number of others receiving over $50,000 for professional services.............right arrow  
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. 537,892
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. 1,255,081
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.........................right arrow  
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
0
b
Average of monthly cash balances.......................
1b
3,082,386
c
Fair market value of all other assets (see instructions)................
1c
27,802,871
d
Total (add lines 1a, b, and c).........................
1d
30,885,257
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
0
3
Subtract line 2 from line 1d.........................
3
30,885,257
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
463,279
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
30,421,978
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,521,099
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
1,792,973
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
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,792,973
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
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
1,521,099 1,024,977 719,743 0 3,265,819
b 85% (0.85) of line 2a ......... 1,292,934 871,230 611,782 0 2,775,946
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		1,792,973 1,382,151 929,829 590,779 4,695,732
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 .... 		1,792,973 1,382,151 929,829 590,779 4,695,732
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ...... 30,048,767 21,855,289 15,773,231 6,502,852 74,180,139
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		 30,048,767 21,855,289 15,773,231 6,265,112 73,942,399
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
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		    0 0 0
(3) Largest amount of support
from an exempt organization		     0 0 0
(4) Gross investment income     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 right arrow
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 (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
Total .................................right arrow 3a  
bApproved for future payment
Total ................................. right arrow 3b  
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
aPROGRAM FEES         142,620
bVENUE RENTAL         1,553,837
cEXHIBITION FEES         60,000
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 24,844  
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   66,399     1,146,297
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 66,399 24,844 2,902,754
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,993,997
(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
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) (2023)
Schedule B (Form 990) (2023) 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
1100 NW 23RD STREET
 
Miami, FL33127

$ 1,935,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
Rubell Family Collection LTD
1100 NW 23RD STREET
 
Miami, FL33127

$ 250,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
KNIGHT FOUNDATION
2850 Tigertail Ave Suite 600
 
Miami, FL33133

$ 100,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
4
MIAMI DADE COUNTY- GRANT
111 NW 1st Street Suite 625
 
Miami, FL33128

$ 157,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
5
BOA SCHOLARSHIP
PO BOX 55850
 
BOSTON, MA02205

$ 170,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
6
JV MPDC LLC
1300 Connecticut Avenue NW Suite 9
 
Washington, DC20036

$ 5,058,205


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
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
Division of Arts and Culture
500 South Bronough Street
 
Tallahassee, FL32399

$ 18,750


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
8
Goldman Sachs
200 Biscayne Blvd 3700
 
Miami, FL33131

$ 85,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
9
Dry Farm Foundation
PO Box 402787
 
Miami Beach, FL33140

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
10
JP Morgan Charitable Giving Fund
165 Township Line Road Suite 1200
 
Jenkintown, PA19046

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
11
Arthur J Gallagher Co
300 Madison Avenue 28thFloor
 
New York, NY10017

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
12
Fidelity Charitable
121 Alhambra Plaza Suite 150
 
Coral Gables, FL33134

$ 50,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
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
1
 ARTWORK - george condo Control at Eight (Control Findings) $ 500,000 2023-12-31
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 ARTWORK - peter fischli & david weiss hunger $ 450,000 2023-12-31
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 ARTWORK - Jeff Koons Inflatable Flower (Tall Yellow) $ 250,000 2023-12-31
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 artwork - Jeff Koons Telephone $ 370,000 2023-12-31
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 artwork - salvo untitled $ 80,000 2023-12-31
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 artwork - Mario Schifano Coca-Cola $ 285,000 2023-12-31
Schedule B (Form 990) (2023)
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
2
 artwork - sarah size mid-sectioned $ 250,000 2023-12-31
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
6
 PROPERTY LOCATED AT 65 & 95 I STREET SW WASHINGTON, DC 20024 $ 5,058,205 2023-05-09
(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
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) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
Contemporary Arts Foundation Inc
EIN:
65-0632809
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 10,549   5,275 5,274

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TY 2023 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 15,570 5.0 2     15,572

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TY 2023 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 1,148,847 325,245 M39   29,456      
BLD IMPROV-WAREHOU 2011-12-21 8,250 2,341 M39   212      
WAREHOUSE-LAND 2011-12-09 287,212   L          
BLD IMPROV-WARHOUS 2012-01-27 11,534 3,244 M39   296      
WAREHOUSE ADDITION 2012-07-10 20,606 5,523 M39   528      
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          
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 1,409 704 M7          
FURNITURE 2014-11-28 1,612 806 M7          
BOOKS 2014-09-29 821 410 M7          
BLD IMPROV-WAREHOU 2016-06-21 3,213 537 M39   82      
BLD IMPROV-WAREHOU 2016-09-28 5,000 805 M39   128      
BLD IMPROV-WAREHOU 2016-11-01 2,500 392 M39   64      
BLD IMPROV-WAREHOU 2016-12-21 4,133 640 M39   106      
TRUCK 2016-08-01 11,500 11,500 M5          
EQUIPMENT 2017-06-28 6,000 5,901 M5          
EQUIPMENT 2017-11-27 2,385 2,385 M5          
COMPUTER EQUIPMENT 2017-11-27 2,313 2,313 M5          
BOOKS 2017-03-28 140 119 M7   12      
COMPUTER EQUIPMENT 2018-12-21 2,059 1,861 M5   197      
STORAGE SHELVES 2020-08-11 3,866 235 M39   99      
AC SYSTEM 2020-10-27 35,217 1,994 M39   903      
COMP EQUIP- APPLE 2020-01-28 2,066 1,471 M5   238      
BOOKS- INGRAM 2020-01-28 730 411 M7   91      
BOOKS 2020-02-26 315 177 M7   39      
BOOKS 2020-03-27 847 476 M7   106      
BOOKS 2020-06-22 452 255 M7   56      
BOOKS 2020-08-27 208 117 M7   26      
BOOKS 2020-09-24 187 106 M7   23      
BOOKS 2020-10-27 299 168 M7   37      
BOOKS 2020-11-25 742 418 M7   93      
BOOKS 2020-12-17 97 55 M7   12      
FURNITURES & FIXT 2020-01-01 417,302 234,815 M7   52,121      
NETWORKING EQUIP 2020-01-01 28,196 20,076 M5   3,248      
SECURITY EQUIPMENT 2020-01-01 60,786 43,280 M5   7,003      
RESTAURANT EQUIP 2020-06-01 279,600 199,075 M5   32,210      
FURNITURES & FIXT 2020-01-06 1,923 1,082 M7   240      
FURNITURES & FIXT 2020-01-06 5,118 2,879 M7   639      
FURNITURES & FIXT 2020-02-20 1,800 1,013 M7   225      
SHELVING 2020-09-15 7,610 4,282 M7   950      
SECURITY EQUIPMENT 2020-01-07 1,707 1,215 M5   197      
SECURITY EQUIPMENT 2020-02-04 11,531 8,210 M5   1,328      
SECURITY EQUIPMENT 2020-05-13 15,675 11,161 M5   1,806      
SECURITY EQUIPMENT 2020-06-11 10,000 7,120 M5   1,152      
EQUIPMENT 2021-04-22 12,900 6,708 M5   2,477      
COMPUTER EQUIPMENT 2021-12-08 999 520 M5   192      
BOOKS 2021-01-20 391 152 M7   68      
BOOKS 2021-03-22 60 24 M7   10      
BOOKS 2021-04-21 327 127 M7   57      
BOOKS 2021-05-18 26 10 M7   5      
BOOKS 2021-06-21 286 111 M7   50      
BOOKS 2021-07-22 255 98 M7   45      
BOOKS 2021-09-15 652 253 M7   114      
BOOKS 2021-11-23 540 209 M7   94      
BOOKS 2021-12-21 396 154 M7   69      
BLD IMP-NEW MUSEUM 2021-07-27 26,800 1,002 M39   687      
BLD IMP-WAREHOUSE 2022-04-14 31,560 574 M39   809      
BLD IMP-WAREHOUSE 2022-09-02 25,640 192 M39   657      
COMPUTER EQUIPMENT 2022-04-01 3,072 614 M5   983      
FURNITURE & FIXT 2022-03-25 20,000 2,858 M7   4,898      
BOOKS 2022-03-25 1,266 181 M7   310      
BOOKS 2022-04-26 1,444 206 M7   354      
BOOKS 2022-05-25 773 110 M7   189      
BOOKS 2022-06-17 322 46 M7   79      
BOOKS 2022-06-24 170 24 M7   42      
BOOKS 2022-07-26 224 32 M7   55      
BOOKS 2022-09-23 162 23 M7   40      
BOOKS 2022-10-24 454 65 M7   111      
BOOKS 2022-11-23 329 47 M7   81      
BOOKS 2022-12-27 887 127 M7   217      
COMPUTER EQUIP DC 2022-10-31 939 188 M5   300      
COMPUTER EQUIP DC 2022-11-30 1,620 324 M5   518      
FURN & FIXTURE DC 2022-10-31 4,355 622 M7   1,067      
MACHINERY 2023-01-24 6,500   M5   1,300      
COMPUTER EQUIP DC 2023-02-23 5,359   SL 5 893      
FURN & FIXTURES 2023-06-02 4,361   SL 7 363      
BOOKS 2023-01-25 2,339   SL 7 306      
BUILDING IMPROVEME 2023-01-02 49,402   M39   1,216      
FURN & FIXTURES DC 2023-02-22 58,543   SL 7 6,969      
BUILDING DC 2023-05-09 5,132,390   M39   82,375      

TY 2023 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 15,056 15,056 15,056
ARTWORK 18,754,419 21,134,419 21,134,419
BOA LOAN COSTS 2 0 0


TY 2023 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 INSTALLATION 25,382   25,382  
AUTOMOBILE EXPENSE 15,459     15,459
CREDIT CARD FEES (VI/MC) 78,324     78,324
COMPUTER EXPENSE 20,842     20,842
DUES AND SUBSCRIPTIONS 4,729     4,729
INSURANCE 206,829   206,829  
LICENSES AND PERMITS 3,538     3,538
POSTAGE AND DELIVERY 4,082     4,082
PAYROLL PROCESSING FEES 11,431     11,431
TELEPHONE 20,224     20,224
REPAIRS AND MAINTENANCE 139,729   139,729  
UTILITIES 262,596   262,596  
OFFICE SUPPLIES AND EXPENSES 42,561     42,561
MEALS AND ENTERTAINMENT 7,664     7,664
SHIPPING/DELIVERY- ARTWORK 96,968     96,968
INTERNSHIP PROGRAM FEES 10,400     10,400
SECURITY 64,229     64,229
SIGN EXPENSE 1,103     1,103
CLEANING 33,771     33,771
CATERING 7,315     7,315
COFFEE SHOP 21,334     21,334


TY 2023 OtherIncomeSchedule2
Name:
Contemporary Arts Foundation Inc
EIN:
65-0632809
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PROGRAM FEES 142,620   142,620
VENUE RENTAL 1,553,836   1,553,836
EXHIBITION FEES 60,000   60,000


TY 2023 OtherLiabilitiesSchedule
Name:
Contemporary Arts Foundation Inc
EIN:
65-0632809
Description Beginning of Year - Book Value End of Year - Book Value
SALES TAX PAYABLE 20,905 20,314
DEPOSITS 50,000 50,000
TRUIST 2,272 0
PAYROLL TAX LIABILITY 594 0


TY 2023 OtherProfessionalFeesSchedule
Name:
Contemporary Arts Foundation Inc
EIN:
65-0632809
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING 6,975   3,488 3,487
WRITERS 18,864   9,432 9,432
PUBLIC RELATIONS 83,173   41,587 41,586


TY 2023 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 1,423,343   1,423,343

TY 2023 TaxesSchedule
Name:
Contemporary Arts Foundation Inc
EIN:
65-0632809
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL TAXES 91,606   9,730 81,876
PERSONAL PROPERTY TAXES 24,903     24,903
FEDERAL TAXES 19,743     19,743