2019-11-15T09:05:54-06:00 2018-12-31 420714325 RSM US LLP 4 TIMES SQUARE NEW YORK NY 10036 990PF 2018-01-01 260273135 THE FLAG ART FOUNDATION FLAG 2123031650 C/O MSD CAPITAL LP 645 FIFTH AVENUE NEW YORK NY 100225910 GLENN FUHRMAN CHAIRMAN / PRESIDENT 2123031650 2019-11-15 1 LYNNE JOHNSON P00757336 2123721000 96.224.92.161 2019-11-15 08:50:36 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 3BE78EE3CD9C04C31E2E3DD4590FA9F8F4A6D636 2018 2020-03-31 21:24:44Z X 4545600 X 0 X 18096 18096 18096 -356926 2644352 2602988 1650 155 155 155 -431095 -368243 -431095 -769770 2252841 -411194 175000 0 0 175000 152903 0 0 152903 30358 0 0 30358 25176 0 0 25176 17331 0 0 17331 140650 0 0 140650 3081 0 3081 230753 0 0 230753 34262 0 0 34262 571356 17661 0 553695 1380870 17661 3081 1360128 450000 450000 1830870 17661 3081 1810128 -2600640 2235180 0 600 5538 5538 3225251 1817744 1817744 417 423 417 417 3002928 1687802 2329840 125103 8042 0 117061 117061 275000 275000 275000 6504202 3903562 4545600 0 0 X 430940 430940 0 0 6073262 3472622 6504202 3903562 6504202 3903562 6504202 -2600640 0 3903562 0 3903562 PUBLICLY TRADED SECURITIES P 2644352 43014 2601338 2601338 MSD PRIVATE CREDIT OPPORTUNITY FUND LP (STCG) P 2018-12-31 2018-12-31 1650 1650 2602988 1650 0 903532 993295 0.909631 957758 205878 4.652066 831727 605844 1.372840 888131 547067 1.623441 760227 1306050 0.582081 9.140059 1.828012 4281351 7826361 22352 7848713 1810128 44704 0 44704 0 44704 60000 15000 0 75000 X 0 30296 30296 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 2123031650 645 FIFTH AVENUE NEW YORK NY 100225910 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 GLENN FUHRMAN C/O MSD CAPITAL 645 FIFTH AVENUE NEW YORK NY 100225910 CHAIRMAN AND PRESIDENT 5.00 0 0 0 JOHN PHELAN C/O MSD CAPITAL 645 FIFTH AVENUE NEW YORK NY 100225910 VICE PRESIDENT/TREASURER 5.00 0 0 0 ERIC LANE C/O MSD CAPITAL 645 FIFTH AVENUE NEW YORK NY 100225910 VICE PRESIDENT/SECRETARY 5.00 0 0 0 STEPHANIE ROACH C/O MSD CAPITAL 645 FIFTH AVENUE NEW YORK NY 100225910 DIRECTOR 40.00 175000 11311 0 JONATHAN RIDER C/O MSD CAPITAL 645 FIFTH AVENUE NEW YORK NY 100225910 ASSISTANT DIRECTOR 40.00 90000 11311 0 0 NONE 0 MAINTAINING WEBSITE OF FOUNDATION TO SHOWCASE ART HELD IN GALLERY AND NOTIFY PUBLIC OF UPCOMING EVENTS. 0 21 PIECES OF ART LOANED TO 9 GALLERIES AND MUSEUMS EACH FOR PERIODS RANGING FROM 1 MONTH TO 7 MONTHS. 0 REPRODUCTION OF AN OLD 80'S MOVIE USING ACTORS FROM VARIOUS HARLEM SCHOOLS IN HELPING OUT THE COMMUNITY. 163578 0 266519 2914690 1165340 4346549 0 0 4346549 65198 4281351 214068 X 1810128 0 1810128 0 1810128 2007-12-26 X 0 452 607 1289 2348 0 384 516 1096 1996 1810128 903532 957758 831727 4503145 0 0 0 0 0 1810128 903532 957758 831727 4503145 0 0 142712 33110 6863 20195 202880 0 0 0 0 GLENN FUHRMAN X THE CONTEMPORARY AUSTIN 3809 WEST 35TH STREET AUSTIN TX 78731 NONE PC FOR DONEE'S EXEMPT PURPOSE 450000 450000 0 14 18096 18 -356926 01 155 MSD AQUA PARTNERS LP 14 -1814 MSD PRIVATE CREDIT OPP FUND LP 14 18855 MSD RING PARTNERS LP 14 -385284 UBTI LOSS FROM LIMITED PARTNERSHIPS 525990 -62852 -62852 -706918 0 -769770 0 0 0 0 0 0 0 0 0 0 COMPUTER EQUIPMENT 4961 4961 SL 5.000000000000 0 0 0 LEASEHOLD IMPROVEMENTS 2018-01-12 120142 SL 39.000000000000 3081 0 3081 FORM 990PF, PART I, LINE 10A GROSS SALES OF $155 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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