2020-11-15T10:12:08-06:00 2019-12-31 420714325 RSM US LLP 4 TIMES SQUARE NEW YORK NY 10036 990PF 2019-01-01 260273135 THE FLAG ART FOUNDATION FLAG 2125186682 CO GLENN FUHRMAN 640 PARK AVE 11FL NEW YORK NY 10065 GLENN FUHRMAN CHAIRMAN / PRESIDENT 2125186682 2020-11-15 1 LYNNE JOHNSON P00757336 2123721000 66.98.98.10 2020-11-15 09:02:13 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 3BE78EE3CD9C04C31E2E3DD4590FA9F8F4A6D636 2019 2021-04-22 16:20:28Z X X 4432502 X 800000 X 12718 12718 12718 8140 8140 1120 358 358 358 126207 83682 126207 947423 104540 140403 190000 0 0 190000 158708 0 0 158708 36652 0 0 36652 38230 0 0 38230 10500 5250 0 5250 625 0 0 625 45320 0 0 45320 3081 0 3081 246107 0 0 246107 56092 0 0 56092 725931 640 0 620178 1511246 5890 3081 1397162 10000 10000 1521246 5890 3081 1407162 -573823 98650 137322 5538 955 955 1817744 350814 350814 312860 417 312860 312860 1687802 2425229 3378893 125103 11123 117061 113980 113980 275000 275000 275000 3903562 3478838 4432502 0 0 X 430940 430940 0 0 3472622 3047898 3903562 3478838 3903562 3478838 3903562 -573823 149099 3478838 0 3478838 MSD PRIVATE CREDIT OPPORTUNITY FUND LP (STCG) P 2019-12-31 2019-12-31 1120 1120 MSD PRIVATE CREDIT OPPORTUNITY FUND LP (LTCG) P 2019-12-31 2019-12-31 7272 7272 MSD RING PARTNERS LP (SECTION 1231) P 2019-12-31 2019-12-31 252 -252 -252 8140 1120 0 1810128 4281351 0.422794 903532 993295 0.909631 957758 205878 4.652066 831727 605844 1.372840 888131 547067 1.623441 8.980772 1.796154 3588291 6445123 987 6446110 1407162 1973 0 1973 0 1973 30296 0 0 30296 X 0 28323 28323 0 0 0 0 0 0 0 0 0 1 1 0 1 1 NY DE 1 1 0 0 0 1 WWW.FLAGARTFOUNDATION.ORG GLENN FUHRMAN 2125186682 C/O GLENN FUHRMAN 640 PARK AVE 11FL NEW YORK NY 10065 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 GLENN FUHRMAN C/O GLENN FUHRMAN 640 PARK AVE 11FL NEW YORK NY 10065 CHAIRMAN AND PRESIDENT 5.00 0 0 0 JOHN PHELAN C/O MSD CAPITAL 645 5TH AVE 21ST FL NEW YORK NY 10022 VICE PRESIDENT/TREASURER 5.00 0 0 0 ERIC LANE C/O GLENN FUHRMAN 640 PARK AVE 11FL NEW YORK NY 10065 VICE PRESIDENT/SECRETARY 5.00 0 0 0 STEPHANIE ROACH C/O GLENN FUHRMAN 640 PARK AVE 11FL NEW YORK NY 10065 DIRECTOR 40.00 190000 13068 0 JONATHAN RIDER C/O GLENN FUHRMAN 640 PARK AVE 11FL NEW YORK NY 10065 ASSISTANT DIRECTOR 40.00 102500 13068 0 0 NONE 0 MAINTAINING WEBSITE OF FOUNDATION TO SHOWCASE ART HELD IN GALLERY AND NOTIFY PUBLIC OF UPCOMING EVENTS. 0 31 PIECES OF ART LOANED TO 15 GALLERIES AND MUSEUMS EACH FOR PERIODS RANGING FROM 1 MONTH TO 24 MONTHS. 0 REPRODUCTION OF AN OLD 80'S MOVIE USING ACTORS FROM VARIOUS HARLEM SCHOOLS IN HELPING OUT THE COMMUNITY. 105113 0 0 676704 2966231 3642935 0 0 3642935 54644 3588291 179415 X 1407162 0 1407162 0 1407162 2007-12-26 X 137322 0 452 607 138381 116724 0 384 516 117624 1407162 1810128 903532 957758 5078580 0 0 0 0 0 1407162 1810128 903532 957758 5078580 0 0 119610 142712 33110 6863 302295 0 0 0 0 GLENN FUHRMAN X 92ND STREET Y NURSERY SCHOOL 1395 LEXINGTON AVENUE NEW YORK NY 10128 NONE PC FOR DONEE'S EXEMPT PURPOSE 10000 10000 0 14 12718 18 8140 01 358 MSD AQUA PARTNERS LP 14 -545 MSD PRIVATE CREDIT OPP FUND LP 14 87530 MSD RING PARTNERS LP 14 -3303 UBTI INCOME FROM LIMITED PARTNERSHIPS 525990 42525 42525 104898 0 147423 0 0 0 0 0 0 0 0 0 0 TAX PREPARATION FEES 10500 5250 0 5250 COMPUTER EQUIPMENT 4961 4961 SL 5.000000000000 0 0 0 LEASEHOLD IMPROVEMENTS 2018-01-12 120142 3081 SL 39.000000000000 3081 0 3081 FORM 990PF, PART I, LINE 10A GROSS SALES OF $358 IS FROM CATALOGUE SALES. FORM 990PF, PART VII-B, LINE 1A(1) THE FOUNDATION LEASES SPACE FROM FLAG ART PROPERTY LLC, A LIMITED LIABILITY COMPANY WHICH IS 100% OWNED BY GLENN FUHRMAN, A DISQUALIFIED PERSON. THE LEASE AGREEMENT PROVIDES FOR RENT OF $0. FORM 990PF, PART XV, LINE 2 THE FLAG ART FOUNDATION ("FOUNDATION") WAS CREATED ON MAY 25, 2007 AS A NON-PROFIT CORPORATION TO PROMOTE THE STUDY, IMPROVEMENT AND ADVANCEMENT OF THE VISUAL ARTS, TO FURTHER THE PUBLIC'S APPRECIATION AND UNDERSTANDING OF ACHIEVEMENTS AND ART WORKS ELICITED BY ART, ARCHITECTURE AND LANDSCAPE, TO LOAN WORKS OF ART TO OTHER PUBLIC CHARITIES FOR EXHIBITION, AND TO HOLD AND SUPPORT EXHIBITIONS OF POSTWAR AND CONTEMPORARY WORKS OF ART.THE FOUNDATION WILL OWN (OR HAVE LOANED TO IT FROM OTHERS) PAINTINGS, DRAWINGS AND OTHER WORKS OF ART, AND MAY ALSO OWN OR HAVE LOANED TO IT BOOKS, PUBLICATIONS AND ARCHIVAL MATERIALS RELATED TO WORKS OF ART. THE FOUNDATION WILL USE THESE ITEMS TO CARRY OUT ITS CHARITABLE, EDUCATIONAL AND CULTURAL PROGRAMS AS DESCRIBED BELOW.A PRINCIPAL ACTIVITY OF THE FOUNDATION WILL BE TO CIRCULATE WORKS OF ART ON A CONTINUING BASIS TO EDUCATIONAL INSTITUTIONS, PUBLIC MUSEUMS AND SIMILAR SECTION 501(C)(3) INSTITUTIONS FOR PUBLIC EXAMINATION AND DISPLAY AND USE BY TEACHERS, SCHOLARS AND OTHERS FOR STUDY OF ART AND CULTURE. THE FOUNDATION WILL NOT CHARGE THE INSTITUTIONS TO WHICH IT LENDS WORKS OF ART FOR THEIR USE OF THESE WORKS, BUT THE INSTITUTIONS SOMETIMES MAY BE EXPECTED TO PAY FOR TRANSPORTATION COSTS AND COSTS ASSOCIATED WITH SAFEKEEPING AND PRESERVATION OF THE ART WHILE AT SUCH INSTITUTIONS. 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