FURP.ORG / PUBLIC DATA EXPLORER

CAFESJIAN ART TRUST: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
CAFESJIAN ART TRUST (EIN 47-5043279)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-04-18
IRS object ID
202411099349100516
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-04-18T16:09:25-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN366055558PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GRANT THORNTON LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1757 THIRD AVENUE 3RD FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP100172013ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN475043279EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CAFESJIAN ART TRUSTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCAFEBusinessNameControlTxt
Phone6123598991PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14600 CHURCHILL ST 1AddressLine1Txt
CitySHOREVIEWCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55126ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKATHLEEN BARADARANPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone6123598991PhoneNum
Signature2024-04-18SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstKATHLEENPersonFirstNm
Person LastBARADARANPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSCOTT THOMPSETTPreparerPersonNm
PTINP00741490PTIN
Phone2125990100PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$75,328,642FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$9,572ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$98,649InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$98,649InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$98,649InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$1,117,239DividendsRevAndExpnssAmt
Dividends Net Invst Incm$1,117,239DividendsNetInvstIncmAmt
Dividends Adj Net Incm$1,117,239DividendsAdjNetIncmAmt
Gross Rents Rev And Expnss$1GrossRentsRevAndExpnssAmt
Gross Rents Net Invst Incm$1GrossRentsNetInvstIncmAmt
Gross Rents Adj Net Incm$1GrossRentsAdjNetIncmAmt
Net Rental Income Or Loss$1NetRentalIncomeOrLossAmt
Net Gain Sale Ast Rev And Expnss-$529,213NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$12,880,448GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$0NetSTCapitalGainAdjNetIncmAmt
Other Income Rev And Expnss$16,092OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$1,116OtherIncomeNetInvstIncmAmt
Other Income Adj Net Incm$16,092OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$712,340TotalRevAndExpnssAmt
Total Net Invst Incm$1,217,005TotalNetInvstIncmAmt
Total Adj Net Incm$1,231,981TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$48,195CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$9,639CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Adj Net Incm$9,639CompOfcrDirTrstAdjNetIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$38,556CompOfcrDirTrstDsbrsChrtblAmt
Oth Empl Slrs Wgs Rev And Expnss$567,741OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Net Invst Incm$41,756OthEmplSlrsWgsNetInvstIncmAmt
Oth Empl Slrs Wgs Adj Net Incm$41,756OthEmplSlrsWgsAdjNetIncmAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl$525,985OthEmplSlrsWgsDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss$170,274PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Net Invst Incm$12,365PensionEmplBnftNetInvstIncmAmt
Pension Empl Bnft Adj Net Incm$12,365PensionEmplBnftAdjNetIncmAmt
Pension Empl Bnft Dsbrs Chrtbl$157,909PensionEmplBnftDsbrsChrtblAmt
Legal Fees Rev And Expnss$45,753LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$0LegalFeesNetInvstIncmAmt
Legal Fees Adj Net Incm$0LegalFeesAdjNetIncmAmt
Legal Fees Dsbrs Chrtbl$45,753LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$16,755AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$6,116AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$6,116AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps$6,116AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$135,575OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$135,135OtherProfFeesNetInvstIncmAmt
Other Prof Fees Adj Net Incm$135,135OtherProfFeesAdjNetIncmAmt
Other Prof Fees Dsbrs Chrtbl$440OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$21,147TaxesRevAndExpnssAmt
Taxes Net Invst Incm$16,647TaxesNetInvstIncmAmt
Taxes Adj Net Incm$16,647TaxesAdjNetIncmAmt
Taxes Dsbrs Chrtbl$0TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss$203,493DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm$0DeprecAndDpltnNetInvstIncmAmt
Deprec And Dpltn Adj Net Incm$14,977DeprecAndDpltnAdjNetIncmAmt
Occupancy Rev And Expnss$238,190OccupancyRevAndExpnssAmt
Occupancy Net Invst Incm$0OccupancyNetInvstIncmAmt
Occupancy Adj Net Incm$1,095OccupancyAdjNetIncmAmt
Occupancy Dsbrs Chrtbl$246,513OccupancyDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss$9,213TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm$0TravConfMeetingNetInvstIncmAmt
Trav Conf Meeting Adj Net Incm$0TravConfMeetingAdjNetIncmAmt
Trav Conf Meeting Dsbrs Chrtbl$9,132TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$273,060OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$123OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm$123OtherExpensesAdjNetIncmAmt
Other Expenses Dsbrs Chrtbl$279,157OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$1,729,396TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$221,781TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$237,853TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,309,561TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,729,396TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$221,781TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$237,853TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$1,309,561TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$1,017,056ExcessRevenueOverExpensesAmt
Net Investment Income$995,224NetInvestmentIncomeAmt
Adjusted Net Income$994,128AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$611,175CashBOYAmt
Cash EOY$225,402CashEOYAmt
Cash EOYFMV$225,402CashEOYFMVAmt
Sav And Temp Cash Invst BOY$4,545,466SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$5,016,425SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$5,016,425SavAndTempCashInvstEOYFMVAmt
Prepaid Expenses BOY$3,550PrepaidExpensesBOYAmt
Prepaid Expenses EOY$10,058PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV$10,058PrepaidExpensesEOYFMVAmt
Corporate Stock BOY$30,512,236CorporateStockBOYAmt
Corporate Stock EOY$33,345,755CorporateStockEOYAmt
Corporate Stock EOYFMV$33,345,755CorporateStockEOYFMVAmt
Corporate Bonds BOY$970,574CorporateBondsBOYAmt
Corporate Bonds EOY$1,757,580CorporateBondsEOYAmt
Corporate Bonds EOYFMV$1,757,580CorporateBondsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$7,115,929LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$257,542LandBldgEquipAccumDeprecAmt
Land BOY$8,450,164LandBOYAmt
Land EOY$6,858,387LandEOYAmt
Land EOYFMV$6,858,387LandEOYFMVAmt
Other Assets BOY$27,999,996OtherAssetsBOYAmt
Other Assets EOY$28,115,035OtherAssetsEOYAmt
Other Assets EOYFMV$28,115,035OtherAssetsEOYFMVAmt
Total Assets BOY$73,093,161TotalAssetsBOYAmt
Total Assets EOY$75,328,642TotalAssetsEOYAmt
Total Assets EOYFMV$75,328,642TotalAssetsEOYFMVAmt
Accounts Payable BOY$17,577AccountsPayableBOYAmt
Accounts Payable EOY$20,384AccountsPayableEOYAmt
Total Liabilities BOY$17,577TotalLiabilitiesBOYAmt
Total Liabilities EOY$20,384TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$0CapitalStockBOYAmt
Capital Stock EOY$0CapitalStockEOYAmt
Additional Paid In Capital BOY$0AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY$0AdditionalPaidInCapitalEOYAmt
Retained Earning BOY$73,075,584RetainedEarningBOYAmt
Retained Earning EOY$75,308,258RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$73,075,584TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$75,308,258TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$73,093,161TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$75,328,642TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$73,075,584TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$1,017,056ExcessRevenueOverExpensesAmt
Other Increases$3,249,730OtherIncreasesAmt
Subtotal$75,308,258SubtotalAmt
Other Decreases$0OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$75,308,258TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)

PropertyPropertyDescGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmtHow AcquiredHowAcquiredCd
ST CAPITAL LOSS ON SECURITIES$3,276,657$3,326,290-$49,633-$49,633
LT CAPITAL LOSS ON SECURITIES$8,248,864$8,622,604-$373,740-$373,740
LT CAPITAL LOSS ON SALE OF 410 3RD AVE$1,019,115$1,460,767-$441,652-$441,652
CAPITAL GAINS DIVIDENDS$335,812$335,812$335,812P
FieldValueIRS element (for citing)
Capital Gain Net Income-$529,213CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$49,633NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$13,834InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$13,834SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$13,834TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$35,937EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$0ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld$0BackupWithholdingWithheldAmt
Total Payments And Credits$35,937TotalPaymentsAndCreditsAmt
Es Penalty$0EsPenaltyAmt
Overpayment$22,103OverpaymentAmt
Applied To ES Tax$22,103AppliedToESTaxAmt
Refund$0RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political Acty0LegislativePoliticalActyInd
More Than100 Spent0MoreThan100SpentInd
Form1120 POL Filed0Form1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws0ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (1)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Org Report Or Register StateMNOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (1)Form990PFFiledWithAttyGenInd
Private Operating FoundationYes (1)PrivateOperatingFoundationInd
New Substantial Contributors0NewSubstantialContributorsInd
Own Controlled EntityYes (1)OwnControlledEntityInd
Donor Advised Fund0DonorAdvisedFundInd
Comply With Public Insp RqrYes (1)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksKATHLEEN BARADARANIndividualWithBooksNm
Phone6123598991PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line14600 CHURCHILL ST SUITE 1AddressLine1Txt
CitySHOREVIEWCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55126ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts Question0ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified Prsn0SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn0BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnYes (1)FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnYes (1)PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn0TransferAstDisqualifiedPrsnInd
Payment To Government Official0PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions0ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts0UncorrectedPriorActsInd
Undistributed Income PY0UndistributedIncomePYInd
Business Holdings0BusinessHoldingsInd
Jeopardy Investments0JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst0UncorrectedPYJeopardyInvstInd
Influence Legislation0InfluenceLegislationInd
Influence Election0InfluenceElectionInd
Grants To Individuals0GrantsToIndividualsInd
Grants To Organizations0GrantsToOrganizationsInd
Noncharitable Purpose0NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonKATHLEEN N BARADARANPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line14600 CHURCHILL ST SUITE 1AddressLine1Txt
CitySHOREVIEWCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55126ZIPCd
FieldValueIRS element (for citing)
TitlePRESIDENTTitleTxt
Average Hrs Per Wk Devoted To Pos12.30AverageHrsPerWkDevotedToPosRt
Compensation$48,195CompensationAmt
Employee Benefit Program$6,249EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt

Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee BenefitsEmployeeBenefitsAmtExpense AccountExpenseAccountAmt
ANDREW SCHLAUCH
4600 CHURCHILL ST SUITE 1SHOREVIEWMN55126EXECUTIVE DIRECTOR40.00$126,390$20,482$0
BEN ALBAUGH
4600 CHURCHILL ST SUITE 1SHOREVIEWMN55126FACILITIES MANAGER40.00$85,400$36,495$0
MANUEL RODRIGUEZ
4600 CHURCHILL ST SUITE 1SHOREVIEWMN55126PREPARATOR40.00$72,431$38,598$0
ASHLEY WALKER
4600 CHURCHILL ST SUITE 1SHOREVIEWMN55126COLLECTIONS MANAGER40.00$67,587$8,194$0
LINNEA SEIDLING
4600 CHURCHILL ST SUITE 1SHOREVIEWMN55126COMMUNICATIONS DIR.40.00$63,180$6,795$0
FieldValueIRS element (for citing)
Other Employee Paid Over50k3OtherEmployeePaidOver50kCnt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE NORTHERN TRUST COMPANYBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 803878AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60680ZIPCd
FieldValueIRS element (for citing)
Service TypeINVESTMENT MANAGEMENTServiceTypeTxt
Compensation$135,135CompensationAmt
FieldValueIRS element (for citing)
Contractor Paid Over50k0ContractorPaidOver50kCnt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1THE CAFESJIAN ART TRUST HOUSES A MODERN AND CONTEMPORARY ART COLLECTION LIKE NO OTHER. THE MUSEUM FEATURES 5000 SQUARE FEET OF EXHIBITION SPACE, INCLUDING A LIBRARY THAT IS AVAILABLE FOR RESEARCH. THE CAFESJIAN ART TRUST COLLECTION IS A 3,000+ PIECE ASSEMBLY OF BREATHTAKING WORKS INCLUDING STUDIO GLASS BY INTERNATIONAL ARTISTS SUCH AS DALE CHIHULY, MARY ANNE 'TOOTS' ZYNSKY, STANISLAV LIBENSK AND JAROSLAVA BRYCHTOV, AND MODERN AND CONTEMPORARY ARTWORK BY ARSHILE GORKY, VICTOR VASARELY, GEORGES BRAQUE AND MANY OTHER WORLD-RENOWNED ARTISTS.THE CAFESJIAN ART TRUST WAS ESTABLISHED BY THE FAMILY OF GERARD CAFESJIAN TO SHARE HIS COLLECTION OF CONTEMPORARY AND MODERN ART WITH THE PUBLIC. OUR MISSION IS TO PROVIDE AN AESTHETIC AND EDUCATIONAL EXPERIENCE THROUGH OUR COLLECTION FOR THE BENEFIT OF THE PUBLIC. THE MUSEUMS IS FREE AND OPEN TO THE PUBLIC FOR GUIDED TOURS.Description1Txt
Expenses1$6,109,251Expenses1Amt
Description2COSTS TO PROPERLY STORE AND MAINTAIN ART THAT WILL EVENTUALLY BE DISPLAYED IN THE MUSEUM AS IT ROTATES EXHIBITIONS.Description2Txt
Expenses2$121,916Expenses2Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$33,047,802AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$5,266,101AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$38,313,903TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$38,313,903AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$574,709CashDeemedCharitableAmt
Net Vl Noncharitable Assets$37,739,194NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,886,960MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Sect4942j3j5 Fndtn And Frgn OrgYes (X)Sect4942j3j5FndtnAndFrgnOrgInd

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,309,561ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$4,921,605CharitableAssetsAcquisPaidAmt
Qualifying Distributions$6,231,166QualifyingDistributionsAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

FieldValueIRS element (for citing)
Private Operating Fndtn Ruling2016-06-07PrivateOperatingFndtnRulingDt
Section4942j3Yes (X)Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$994,128CurrentYearAmt
Year1$602,371Year1Amt
Year2$737,364Year2Amt
Year3$693,754Year3Amt
Total$3,027,617TotalAmt

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

FieldValueIRS element (for citing)
Current Year$845,009CurrentYearAmt
Year1$512,015Year1Amt
Year2$626,759Year2Amt
Year3$589,691Year3Amt
Total$2,573,474TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$6,231,166CurrentYearAmt
Year1$5,628,909Year1Amt
Year2$2,870,488Year2Amt
Year3$1,297,526Year3Amt
Total$16,028,089TotalAmt

Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp

FieldValueIRS element (for citing)
Current Year$0CurrentYearAmt
Year1$2,030,000Year1Amt
Year2$1,570,000Year2Amt
Year3$0Year3Amt
Total$3,600,000TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$6,231,166CurrentYearAmt
Year1$3,598,909Year1Amt
Year2$1,300,488Year2Amt
Year3$1,297,526Year3Amt
Total$12,428,089TotalAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
Year3$0Year3Amt
Total$0TotalAmt

Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp

FieldValueIRS element (for citing)
Year3$0Year3Amt
Total$0TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Current Year$1,257,973CurrentYearAmt
Year1$1,293,783Year1Amt
Year2$1,296,003Year2Amt
Year3$1,166,745Year3Amt
Total$5,014,504TotalAmt

Total Support TotalSupportGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Public Support Type PublicSupportType

FieldValueIRS element (for citing)
Total$0TotalAmt

Largest Support From EO LargestSupportFromEOGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Gross Investment Income GrossInvestmentIncomeGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd
Total Grant Or Contri Pd Dur Yr$0TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$98,649ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1,117,239ExclusionAmt

Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp

FieldValueIRS element (for citing)
Exclusion16ExclusionCd
Exclusion$1ExclusionAmt

Other Investment Income OtherInvestmentIncomeGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1,116ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$529,213ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp (2 entries)

DescDescBusinessBusinessCdUnrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmtExclusionExclusionCdExclusionExclusionAmt
PARKING INCOME531190$3,579
MUSEUM EVENTS01$11,397

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$3,579UnrelatedBusinessTaxblIncmAmt
Exclusion$699,189ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$702,768TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO0TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO0TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO0PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets0RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements0ReimbursementArrangementsInd
Loans Or Loan Guarantees0LoansOrLoanGuaranteesInd
Performance Of Services Etc0PerformanceOfServicesEtcInd
Sharing Of Facilities Etc0SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO0RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1TOMKAT LIMITED PARTNERSHIPBusinessNameLine1Txt

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line14600 CHURCHILL ST STE 1AddressLine1Txt
CitySHOREVIEWCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55126ZIPCd
FieldValueIRS element (for citing)
Total Contributions$5,263TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash Property2015 TOYOTA VANNoncashPropertyDesc
Fair Market Value$5,263FairMarketValueAmt
Received2023-04-27ReceivedDt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryTAX PREPARATION FEESCategoryTxt
Amt$16,755Amt
Net Investment Income$6,116NetInvestmentIncomeAmt
Adjusted Net Income$6,116AdjustedNetIncomeAmt
Disbursements Charitable Prps$6,116DisbursementsCharitablePrpsAmt

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondCORPORATE BONDSBondNm
EOY Book Value$1,757,580EOYBookValueAmt
EOYFMV$1,757,580EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
PUBLICLY TRADED SECURITIES$19,313,748$19,313,748
FIXED INCOME ETF$14,032,007$14,032,007

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryFREDRIKSON & BYRON, P.A.CategoryTxt
Legal Fees$45,753LegalFeesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$45,753DisbursementsCharitablePrpsAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (3 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
ART$27,993,404$28,111,850$28,111,850
INTEREST RECIEVABLE$3,597$3,185$3,185
DUE FROM CAT MUSEUM LLC$2,995$0$0

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (25 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
ART RELATED EXPENSES$91,450$0$0$93,984
WEBSITE EXPENSES$40,137$0$0$40,437
ADVERTISING$30,172$0$0$30,176
INSURANCE EXP$23,461$0$0$23,461
PAYROLL SERVICE FEES$17,870$0$0$17,870
EXHIBIT GRAND OPENINGS$17,448$0$0$16,267
SOFTWARE SUBSCRIPTION$12,821$0$0$12,498
COMPUTER & INTERNET EXPENSE$10,788$0$0$10,788
LANDSCAPING AND MOVING$7,914$0$0$7,914
OFFICE SUPPLIES$6,347$0$0$6,943
MEMBERSHIPS$2,668$0$0$2,668
EDUCATION & COMMUNITY ENGAGEMENT$2,661$0$0$2,661
MEDICAL SUPPLIES & TRAINING$2,273$0$0$2,273
SPECIAL EVENTS$2,168$0$0$4,114
COPIER MAINTENANCE & SUPPLIES$1,524$0$0$1,524
KITCHEN SUPPLIES$747$0$0$2,082
MISC. EXPENSE$565$0$0$526
BACKGROUND CHECK$535$0$0$595
REPAIRS & MAINTENANCE - FORKLIFT$495$0$0$495
DOMAIN NAMES$466$0$0$826
POSTAGE & SHIPPING$330$0$0$330
BANK SERVICE CHARGE$123$123$123$0
EMERGENCY SUPPLIES$72$0$0$0
FILING FEES$25$0$0$25
MOVING$0$0$0$700

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmt
OTHER INVESTMENT INCOME$1,116$1,116$1,116
PARKING INCOME$3,579$3,579
MUSEUM EVENTS$11,397$11,397

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail (2 entries)

DescDescAmtAmt
UNREALIZED GAINS ON INVESTMENT$3,247,899
BOOK-TO-TAX ADJUSTMENT$1,831

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
INVESTMENT MANAGEMENT FEES$135,135$135,135$135,135$0
EMPLOYEE SEARCH FIRMS$440$0$0$440

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FOREIGN TAXES$16,647$16,647$16,647$0
FEDERAL UBIT TAXES$2,900$0$0$0
STATE UBIT TAXES$1,600$0$0$0

Transfers Frm Controlled Entities TransfersFrmControlledEntities

Transfers From Controlled Ent TransfersFromControlledEntGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINDescDescAmtAmt
THE CAT MUSEUM LLC
4600 CHURCHILL STSHOREVIEWMN55126873647784REIMBURSEMENT FOR EXPENSES INCURRED$6,980
THE CAT MUSEUM LLC
4600 CHURCHILL STSHOREVIEWMN55126873647784RENTAL INCOME$1,400,000
FieldValueIRS element (for citing)
Total$465TotalAmt

Transfers To Controlled Entities TransfersToControlledEntities

Transfers To Controlled Ent TransfersToControlledEntGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINDescDescAmtAmt
THE CAT MUSEUM LLC
4600 CHURCHILL STSHOREVIEWMN55126873647784INTERCOMPANY TRANSFER OF FUNDS RECEIVED FROM MUSEUM EVENTS$6,980
THE CAT MUSEUM LLC
4600 CHURCHILL STSHOREVIEWMN55126873647784CAPITAL CONTRIBUTION$1,400,000
FieldValueIRS element (for citing)
Total$1,406,980TotalAmt