2024-10-29T12:44:01-05:00 2023-12-31 943108253 NOVOGRADAC & COMPANY LLP 3780 KILROY AIRPORT WAY SUITE 330 LONG BEACH CA 90822 990 2023-01-01 461897606 COMMUNITY ART STABILIZATION TRUST COMM 4155569888 447 MINNA ST 2ND FLOOR SAN FRANCISCO CA 94103 KIYOSHI IKEDA CEO 4155569888 2024-10-29 1 0 BRYAN HUNG P01553971 5624329482 2023 2024-10-15 13:58:12Z X KIYOSHI IKEDA 447 MINNA ST 2ND FLOOR SAN FRANCISCO CA 94103 6309561 0 X HTTP://CAST-SF.ORG X 2013 CA PURCHASING AND LEASING SPACE FOR THE EXCLUSIVE USE OF NONPROFIT ARTS ORGANIZATIONS SERVING LOW INCOME COMMUNITIES. 5 5 19 0 0 0 751800 2125440 199434 57347 334181 4122137 0 4637 1285415 6309561 1955433 505852 0 0 1556795 1773963 0 0 275873 896376 4941154 4408604 7220969 -3123189 -911408 33509608 30418865 4477758 2337015 29031850 28081850 TO CREATE STABLE PHYSICAL SPACES FOR ARTS AND CULTURAL ORGANIZATIONS TO FACILITATE EQUITABLE URBAN TRANSFORMATION. 0 0 6255549 505852 4184121 COMMUNITY ART STABILIZATION TRUST CREATES STABLE PHYSICAL SPACES FOR ARTS AND CULTURAL ORGANIZATIONS, PROPERTIES FOR PURCHASE OR MASTER LEASING, AND IMPLEMENTING COMPLEMENTARY INITIATIVES WHICH BUILD KNOWLEDGE AND CAPABILITY OF ARTS ORGANIZATIONS TO MAKE THOUGHTFUL, INFORMED DECISIONS REGARDING REAL ESTATE MATTERS. INITIATIVES INCLUDE THE KEEPING SPACE - OAKLAND PROGRAM WHICH PROVIDES TECHNICAL ASSISTANCE, NETWORKING OPPORTUNITIES, RESEARCH AND LIMITED RE-GRANTING FUNDS SUPPORTING ARTS ORGANIZATIONS' EFFORTS TO FIND, SECURE AND MANAGE LONG-TERM REAL ESTATE PROJECTS. 6255549 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 19 1 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 1 1 0 CA X KIYOSHI IKEDA 4155569888 447 MINNA ST 2ND FLOOR SAN FRANCISCO CA 94103 TIM VAN LOAN DIRECTOR 1.00 X 0 0 0 IMAAN TAGHAVI DIRECTOR 1.00 X 0 0 0 SHELLEY TROTT BOARD PRESIDENT 1.00 X 0 0 0 DEBORAH CULLINAN DIRECTOR 1.00 X 0 0 0 BRADY FORREST DIRECTOR 1.00 X 0 0 0 MOY ENG CEO EMERITUS 40.00 X 158598 0 27500 KIYOSHI IKEDA CHIEF EXECUTIVE OFFICER 40.00 X 55500 0 0 CAROLYN CHOY DIRECTOR OF REAL ESTATE DE 40.00 X 167367 0 22500 JOSHUA SIMON SENIOR ADVISOR 40.00 X 194070 0 30000 MATTHEW MCTIRE DIRECTOR OF EVENTS AND PROGRAMMING 40.00 X 120590 0 1200 CATHERINE NGUYEN DIRECTOR OF MARKETING AND COMMUNICATIONS 40.00 X 101159 0 10500 YI ZHONG REAL ESTATE PROJECT MANAGER 40.00 X 130963 0 17500 OWEN LEVIN DIRECTOR OF FINANCE AND OP 40.00 X 131124 0 30000 1059371 0 139200 7 1 1 0 0 2125440 2125440 MANAGEMENT FEES 531120 56772 56772 REIMBURSEMENT INCOME 531120 575 575 57347 284196 284196 3837941 0 3837941 3837941 3837941 FLOWTHROUGH INCOME FROM P'SHIPS 531120 4637 4637 4637 6309561 4184121 0 0 505852 505852 816659 522662 204165 89832 731690 468281 182923 80486 109139 69849 27285 12005 116475 74544 29119 12812 36247 20768 12907 2572 78700 45092 28023 5585 206279 118188 73450 14641 391495 250562 97867 43066 120349 77025 30087 13237 3836 2455 959 422 444 444 1860 1860 11047 7070 2762 1215 LOAN FORGIVENESS 4090897 4090897 7220969 6255549 689547 275873 4671848 2153902 162500 767500 1445676 648630 22788837 18901559 1000 1000 1763031 5238905 0 2676716 2707369 33509608 30418865 549048 328307 3928710 2008708 4477758 2337015 X 24944537 27182387 4087313 899463 29031850 28081850 33509608 30418865 X -911408 -38592 X 0 1 X 1 0 X 881735 2607419 8765680 751800 1125440 14132074 881735 2607419 8765680 751800 1125440 14132074 4407313 9724761 159653 211517 261192 301318 284196 1217876 37000 20500 2400 85493 57347 202740 15552690 1740794 0.62530 0.59620 X SCHEDULE A, PART II, LINE 10, EXPLANATION FOR OTHER INCOME: 2019 CONSULTING: $ 37,000 2020 CONSULTING: $ 20,500 2021 MISCELLANEOUS: $ 2,400 2022 MISCELLANEOUS: $ 85,493 2023 GAIN ON SALE OF TURK: $ 3,837,941 CONSULTING: $ 8,547 MISCELLANEOUS: $48,800 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 PASS-THROUGH PARTNERSHIP INVESTMENTS 5238905 F 5238905 RELATED PARTY RECEIVABLE 2136133 RIGHT-OF-USE ASSET 571236 2707369 ST LEASE LIABILITY 63137 LT LEASE LIABILITY 675597 DEFERRED REVENUE - BARGAIN PURCHASE 1269974 2008708 1 CAST 447 MINNA LLC 447 MINNA ST 2ND FLOOR SAN FRANCISCO CA 94103 843871348 501(C)(3) 505852 0 CONSTRUCTION IN PROGRESS X X X X 0 0 0 0 0 0 0 0 0 JOSHUA SIMON SENIOR ADVISOR 194070 0 0 0 0 0 30000 0 0 0 224070 0 0 0 CAROLYN CHOY DIRECTOR OF REAL ESTATE DE 167367 0 0 0 0 0 22500 0 0 0 189867 0 0 0 MOY ENG CEO EMERITUS 158598 0 0 0 0 0 27500 0 0 0 186098 0 0 0 OWEN LEVIN DIRECTOR OF FINANCE AND OP 131124 0 0 0 0 0 30000 0 0 0 161124 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 AND SUPPORTING SCHEDULES ARE PREPARED BY TAX PREPARER. THE ORGANIZATION'S TREASURER WILL REVIEW FORM 990 WITH ANY QUESTIONS OR CONCERNS TO THE STAFF AND RECOMMEND ITS APPROVAL BY THE ENTIRE ORGANIZATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C ACCORDING TO THE FRAMEWORK OUTLINED IN THE BYLAWS APPENDIX A: CONFLICT OF INTEREST POLICY, THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE IN REAL ESTATE TRANSACTIONS PERFORMED, WHICH IS THE ORGANIZATION'S CORE WORK, AND IN OTHER RELATED BUSINESS AREAS. THE BOARD AND EXECUTIVE DIRECTOR ARE CLEAR AND MINDFUL OF THE POSSIBLE CONFLICTS OF THE WORK IN WHICH THE ORGANIZATION EXECUTES. TO DATE, THE BOARD NOR EXECUTIVE DIRECTOR HAVE PRESENTED ISSUES REGARDING CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE CEO HAS AN ANNUAL REVIEW CONDUCTED BY THE BOARD OF DIRECTORS WHICH INCLUDES COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. THE BOARD SURVEYS OTHER SIMILAR ORGANIZATIONS OR SALARY COMPARISONS AND COMPREHENSIVE NOTES ARE RETAINED OF THE REVIEW AND DELIBERATION PROCESS. THE CEO AND COO CONDUCT ANNUAL REVIEWS OF KEY EMPLOYEES INCLUDING RESEARCH OF COMPETITIVE SALARY COMPARISONS AND COMPREHENSIVE NOTES ARE KEPT ON THE DELIBERATIONS AND REVIEW DISCUSSIONS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S DOCUMENTS WILL BE MADE AVAILABLE FOR PUBLIC INSPECTION UPON LETTER REQUEST UNDER INTERNAL REVENUE CODE SECTION 6104. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S DOCUMENTS WILL BE MADE AVAILABLE FOR PUBLIC INSPECTION UPON LETTER REQUEST UNDER INTERNAL REVENUE CODE SECTION 6104. FORM 990, PART XI, LINE 9: AMORTIZATION EXPENSE 1,860. FLOW THROUGH (INCOME) LOSS - CAST 1007 MARKET, LLC 451. FLOW THROUGH (INCOME) LOSS - CAST 80 TURK, LLC 40,980. FLOW THROUGH (INCOME) LOSS - 1751 ALUM ROCK, LLC -9,937. FLOW THROUGH (INCOME) LOSS - 1721 BROADWAY, LLC 2,052. FLOW THROUGH (INCOME) LOSS - CAST POWERHOUSE MANAGER, LLC -174,596. SUSPENDED LOSSES 100,598. 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