2024-12-19T07:26:08-06:00 2024-10-31 112611793 Norman Pearlman CPA PLLC 46 STAUDERMAN AVENUE LYNBROOK NY 11563 990EZ 2023-11-01 237089275 Art Dealers Association Foundation Inc ARTD 2124885550 205 Lexington Avenue 901 New York NY 10016 Jill Newhouse President 2124885545 2024-12-19 1 0 Norman Pearlman P00227699 5169087770 X 2023 2024-10-15 13:58:12Z X X ADAA@Artdealers.org X X 32456 X 30180 2276 32456 40000 11830 9087 60917 -28461 363424 0 334963 X 362462 333971 962 992 363424 334963 0 0 363424 334963 X Organization's primary purpose is to give grants in order to promote an appreciation of art. Distributions of grants in order to promote appreciation of art. Distributions to Portland Institute of Contemporary, Mississippi Museum of Art Spencer Museum of Art-Univ of Kansas, and American Folk Art Museum. 0 0 Many members of the New York arts community's exhibition spaces, works of art, and archival records were destroyed by the ravages of Superstorm Sandy in 2012. The Foundation established a fund in order to ensure that the victims of the storm would be able to remain in business and carry on the stated purpose of the Art Dealers Association Foundation. The remainder of donations has been retained to provide similar aid in the event of future disasters. There were no grants given in association with natural or manmade disasters during the year ended October 31, 2024. 0 0 0 Jill Newhouse President 1.00 0 0 0 Debra Force Officer 1.00 0 0 0 Nicole Russo Officer 1.00 0 0 0 Mary Sabbatino Officer 1.00 0 0 0 Hans P Straus Officer 1.00 0 0 0 Valentina Branchini Officer 1.00 0 0 0 Steve Henry Officer 1.00 0 0 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NY Art Dealers Assoc Foundation 205 Lexington Avenue - Suite 901 New York NY 10016 2124885550 0 0 0 0 0 0 0 0 0 0 NONE NONE 1 X 37025 36325 38575 31985 30180 174090 37025 36325 38575 31985 30180 174090 174090 2138 116 756 7247 2276 12533 186623 0.93280 0.97610 X Form 990-EZ, Part I, Line 4 - Other Investment Income Description: Interest Income. Amount: 2,276. Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts Paid Activity Classification: Grant to promote apprec of art. Grantee Name: Portland Institute for Contemporary Art. Grantee Address: 15 NE Hancock Street Portland, OR 97212. Property Description: Cash. Method Used to Determine Book Value: Cash. Method Used to Determine FMV: Cash. Date of Gift: 11/10/23. Amount Given: 10,000. Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts Paid Activity Classification: Grant to promote apprec of art. Grantee Name: Mississippi Museum of Art. Grantee Address: 380 South Lamar Street Jackson, MS 39201. Property Description: Cash. Method Used to Determine Book Value: Cash. Method Used to Determine FMV: Cash. Date of Gift: 11/10/23. Amount Given: 10,000. Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts Paid Activity Classification: Grant to promote apprec of art. Grantee Name: Spencer Museum of Art - Univ of Kansas. Grantee Address: 1301 Mississippi Lawrence, KS 66045. Property Description: Cash. Method Used to Determine Book Value: Cash. Method Used to Determine FMV: Cash. Date of Gift: 11/10/23. Amount Given: 10,000. Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts Paid Activity Classification: Grant to promote apprec of art. Grantee Name: American Folk Art Museum. Grantee Address: 2 Lincoln Square New York, NY 10023. Property Description: Cash. Method Used to Determine Book Value: Cash. Method Used to Determine FMV: Cash. Date of Gift: 11/10/23. Amount Given: 10,000. Total included on Form 990-EZ, line 10: 40,000. Form 990-EZ, Part I, Line 16 - Other Expenses Description: NYS Filing Fees. Amount: 125. Description: Administrative Expenses. Amount: 8,000. Description: Insurance. Amount: 962. Total to Form 990-EZ, line 16: 9,087. Form 990-EZ, Part II, Line 24 - Other Assets Description: Prepaid Insurance. Beg. of Year Amount: 962. End of Year Amount: 992. The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.