2023-06-08T11:11:48-05:00 2022-12-31 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990PF 2022-01-01 813442853 CAFESJIAN FAMILY FOUNDATION INC CAFE 6123598991 4600 CHURCHILL ST 1 SHOREVIEW MN 55126 KATHLEEN BARADARAN CHAIRMAN 6123598991 2023-06-08 1 KATHLEEN BARADARAN 999009999 0 SCOTT THOMPSETT P00741490 2125990100 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X X 53286079 X X 848092 838158 -701483 30161823 0 261 261 0 146870 838419 0 99063 50450 0 48613 16927 9811 0 7116 41877 32859 0 9018 45266 35968 0 9298 109613 83613 0 26000 41523 18613 0 0 821 45 0 585 355090 231359 0 100630 10012000 10012000 10367090 231359 0 10112630 -10220220 607060 0 115993 147622 147622 866175 1172466 1172466 51771 0 0 41392478 30921075 30921075 2632520 984422 984422 1091675 1105928 1105928 21961425 18954566 18954566 68112037 53286079 53286079 0 0 X 0 0 0 0 68112037 53286079 68112037 53286079 68112037 53286079 68112037 -10220220 635671 58527488 5241409 53286079 PUBLICLY TRADED SECURITIES P 29830947 30863306 -1032359 -1032359 CAPITAL GAIN DIVIDENDS P 330876 330876 330876 -701483 0 8438 0 8438 0 8438 15000 0 0 0 15000 0 6562 6562 0 0 0 0 0 0 0 0 0 0 0 1 1 MN 1 0 0 0 0 1 N/A KATHLEEN BARADARAN 6123598991 4600 CHURCHILL ST SUITE 1 SHOREVIEW MN 55126 1 AM 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 KATHLEEN BARADARAN 4600 CHURCHILL ST SUITE 1 SHOREVIEW MN 55126 CHAIRPERSON, PRESIDENT & SECRETARY 15.00 48000 6217 0 THOMAS CAFESJIAN 4600 CHURCHILL ST SUITE 1 SHOREVIEW MN 55126 DIRECTOR 1.00 0 0 0 CARRIE J MARTINSON 4600 CHURCHILL ST SUITE 1 SHOREVIEW MN 55126 DIRECTOR 1.00 0 0 0 JAFFAR BARADARAN 4600 CHURCHILL ST SUITE 1 SHOREVIEW MN 55126 DIRECTOR 1.00 0 0 0 PHIL OMAN 4600 CHURCHILL ST SUITE 1 SHOREVIEW MN 55126 TREASURER 12.30 51063 10710 0 NONE 0 THE NORTHERN TRUST COMPANY PO BOX 803878 CHICAGO IL 60680 INVESTMENT MANAGEMENT 83613 0 0 35052759 662024 1105928 36820711 0 0 36820711 552311 36268400 1813420 1813420 8438 8438 1804982 0 1804982 0 1804982 10112630 0 10112630 1804982 0 2020 2019 2017 0 282032 909817 1191849 10112630 0 0 8637000 1475630 0 329352 329352 9499497 0 0 0 0 0 8637000 0 862497 862497 X CMF ARMENIA (THE CAFESJIAN CENTER FOR THE ARTS) 10 TAMANYAN ST YEREVAN AM 0009 N/A NC GENERAL OPERATING EXPENSES 1375000 CAFESJIAN ART TRUST 4600 CHURCHILL ST SUITE 1 SHOREVIEW MN 55126 N/A POF 114 PIECES OF ARTWORK 3637000 CAFESJIAN ART TRUST 4600 CHURCHILL ST SUITE 1 SHOREVIEW MN 55126 N/A POF GENERAL SUPPORT 5000000 10012000 0 14 848092 14 261 18 -701483 0 146870 0 146870 0 0 0 0 0 0 0 0 0 0 TAX PREPARATION FEES 45266 35968 0 9298 SEE STATEMENT 14 CMF ARMENIA (THE CAFESJIAN CENTER FOR THE ARTS) 10 TAMANYAN ST YEREVAN AM 0009 2022-12-02 1375000 TO FUND THE GENERAL OPERATING EXPENSES OF THE CAFESJIAN CENTER FOR THE ARTS.01/04/2022 - 300,00003/07/2022 - 300,00006/16/2022 - 350,00009/08/2022 - 350,00012/02/2022 - 75,000 1375000 NONE 12/31/22 2023-01-17 REPORTS RECEIVED FROM GRANTEE: THE CAFESJIAN CENTER FOR THE ARTS IS REQUIRED TO PROVIDE MONTHLY FINANCIAL STATEMENTS TO THE CAFESJIAN FAMILY FOUNDATION ACCOUNTING FOR THE EXPENDITURES OF GRANTED MONIES. ALL FUNDS RECEIVED BY THE CENTER ARE REQUIRED TO BE EXPENDED IN FURTHERANCE OF THE MUSEUM'S CULTURAL MISSION.TO THE GRANTOR'S KNOWLEDGE, NONE OF THE GRANT PROCEEDS HAVE BEEN DIVERTED FROM THEIR INTENDED PURPOSE. CAFESJIAN ART TRUST 4600 CHURCHILL ST SHOREVIEW MN 55126 2023-02-22 5000000 GENERAL SUPPORT2/14/22 - 2,500,0002/22/22 - 2,500,000 5000000 NONE 12/31/22 2023-01-17 THE FOUNDATION HAS EXERCISED EXPENDITURE RESPONSIBILITY WITH REGARDS TO THIS GRANT AND HAS RECEIVED AN ANNUAL REPORT FROM THE GRANTEE. TO THE GRANTOR'S KNOWLEDGE, NONE OF THE GRANT PROCEEDS HAVE BEEN DIVERTED FROM THE INTENDED PURPOSE. CAFESJIAN ART TRUST 4600 CHURCHILL ST SHOREVIEW MN 55126 2022-09-01 3637000 THE CAFESJIAN FAMILY FOUNDATION MAKE A CONTRIBUTION OF 114 ART PIECES TO THE CAFESJIAN ART TRUST TO JOIN ITS COLLECTION OF OVER 3,000 PIECES OF STUDIO GLASS ARTWORK CREATED BY ARTISTS OF INTERNATIONAL RENOWN. 3637000 NONE 12/31/22 2023-01-17 THE FOUNDATION HAS EXERCISED EXPENDITURE RESPONSIBILITY WITH RESPECT TO ITS GRANT OF 114 PIECES OF ARTWORK TO THE CAFEJIAN ART TRUST. SOME PIECES ARE CURRENTLY ON DISPLAY IN ARMENIA WITH THE REMAINING PIECES STORED IN A WAREHOUSE UNTIL SUCH TIME AS THE MUSEUM ROTATES ITS CURRENT EXHIBITION. THE MUSEUM HAS NO INTENTION OF SELLING THE DONATED ARTWORK AND INTENDS TO USE SUCH PIECES TO FURTHER ITS EXEMPT EDUCATIONAL MISSION. PART XII, LINE 4(C) - CONDUIT ELECTION STATEMENT STATEMENT REGARDING THE CAFESJIAN FAMILY FOUNDATION'S ELECTION TO BE TREATED AS A CONDUIT PRIVATE FOUNDATION PURSUANT TO INTERNAL REVENUE CODE SECTION 4942(H)(2) PURSUANT TO INTERNAL REVENUE CODE SECTION 4942(H)(2) AND TREASURY REGULATION SECTION 53.4942(A)-3(D)(2), THE CAFESJIAN FAMILY FOUNDATION HEREBY ELECTS TO TREAT CERTAIN QUALIFYING DISTRIBUTIONS MADE DURING THE 2022 TAX YEAR AS DISTRIBUTIONS MADE OUT OF CORPUS. ELECTION AMOUNT TREATED AS MADE OUT OF CORPUS: TOTAL QUALIFYING DISTRIBUTIONS FOR 2022: $10,112,630CURRENT YEAR DISBURSEMENTS APPLIED AGAINST 2022 DISTRIBUTABLE AMOUNT: $1,475,630EXCESS DISTRIBUTION CARRYOVER APPLIED TO 2022 DISTRIBUTABLE AMOUNT: $329,352TREATED AS DISTRIBUTIONS OUT-OF-CORPUS: $8,637,000THE GRANTS BEING TREATED AS A CONDUIT GIFT OUT OF CORPUS TO SATISFY REQUIREMENTS IMPOSED BY SECTION 170(B)(1)(F) OR 4942(G)(3 ARE BEING MADE TO THE CAFESJIAN ART TRUST. THE CAFESJIAN ART TRUST WILL PLACE THE GIFTED ARTWORK ON DISPLAY IN A PUBLIC EXHIBITION AT ITS MUSEUM; THE GIFTED CASH IS INTENDED TO FUND THE MUSEUM'S CONTINUING OPERATIONS. THE $8,637,000 WILL BE TREATED AS A QUALIFYING DISTRIBUTION BY THE CAFESJIAN ART TRUST. THE FOUNDATION MEETS THE REQUIREMENTS OF INTERNAL REVENUE CODE SECTIONS 170(B)(1)(A)(VII), 170(B)(1)(F)(II) AND 4942(H)(2). THE FOUNDATION NOTES THAT: - CAFESJIAN ART TRUST AND CAFESJIAN FAMILY FOUNDATION ARE RELATED ORGANIZATIONS. THE ELECTION REPRESENTS CONDUIT GRANTS CAFESJIAN FAMILY FOUNDATION GAVE TO THE CAFESJIAN ART TRUST, WHICH THE CAFESJIAN ART TRUST WILL BE RECOGNIZING AS QUALIFYING DISTRIBUTIONS ON ITS OWN TAX RETURN. - NOT LATER THAN ONE YEAR AFTER THE END OF THE TAX YEAR IN WHICH CAFESJIAN ART TRUST RECEIVED FUNDING FROM THE CAFESJIAN FAMILY FOUNDATION, IT MADE A DISTRIBUTION EQUAL TO THE FULL AMOUNT OF THE CONTRIBUTION.- THE FOUNDATION HAS NO REMAINING UNDISTRIBUTABLE INCOME FOR THE 2021 AND 2022 TAX YEARS THAT WOULD PREVENT THE FOUNDATION FROM UTILIZING THE ELECTION. - THE FOUNDATION HAS MET ITS MINIMUM DISTRIBUTION REQUIREMENTS WITHOUT TAKING INTO ACCOUNT ANY OF THE AMOUNTS INTENDED TO BE USED AS A CONDUIT GRANT. CORPORATE BONDS 984422 984422 PUBLICLY TRADED SECURITIES 17630411 17630411 FIXED INCOME INVESTMENTS 13290664 13290664 REAL ESTATE HOLDINGS FMV 1105928 1105928 LEGAL FEES 41877 32859 0 9018 ART WORK 3006859 0 0 DUE FROM CMF 5299207 5299207 5299207 DUE FROM CMF ARMENIA 13655359 13655359 13655359 UNREALIZED LOSS ON SECURITIES 5241409 OFFICE SUPPLIES 215 0 0 215 BANK CHARGES 212 45 0 0 REGISTRATION FEES 204 0 0 180 POSTAGE & SHIPPING 126 0 0 126 WEBSITE EXPENSE 64 0 0 64 OTHER INVESTMENT INCOME 261 261 0 EXCHANGE RATE GAIN 5530 APPRECIATION OF APPRAISED ARTWORK DONATED TO THE CAFESJIAN ART TRUST 630141 CCA PROPERTIES LOAN 62555 0 2015-12 2022-12 ON DEMAND 0.000000000000 NONE CAPITALIZATION TO FUND OPERATIONS NONE 0 INVESTMENT MANAGEMENT FEES 83613 83613 0 0 ART APPRAISER FEES 26000 0 0 26000 FEDERAL TAXES 22910 0 0 0 FOREIGN TAXES 18613 18613 0 0