Cafesjian Art Trust
- Assets
- $75.3m
- Revenue
- $712.3k
- Investments
- $35.1m
- Employees
- 0
- Location
- Shoreview, MN
- Founding
- 06/2016
- Data as of
- 12/2023
- EIN
- 47-5043279
Organization Overview
Cafesjian Art Trust is located in Shoreview, MN. The organization was established in 2016. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cafesjian Art Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Cafesjian Art Trust generated $712.3k in total revenue. All expenses for the organization totaled $1.7m during the year ending 12/2023. While expenses have increased by 93.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
THE CAFESJIAN ART TRUST HOUSES A MODERN AND CONTEMPORARY ART COLLECTION LIKE NO OTHER. THE MUSEUM FEATURES 5000 SQUARE FEET OF EXHIBITION SPACE, INCLUDING A LIBRARY THAT IS AVAILABLE FOR RESEARCH. THE CAFESJIAN ART TRUST COLLECTION IS A 3,000+ PIECE ASSEMBLY OF BREATHTAKING WORKS INCLUDING STUDIO GLASS BY INTERNATIONAL ARTISTS SUCH AS DALE CHIHULY, MARY ANNE 'TOOTS' ZYNSKY, STANISLAV LIBENSK AND JAROSLAVA BRYCHTOV, AND MODERN AND CONTEMPORARY ARTWORK BY ARSHILE GORKY, VICTOR VASARELY, GEORGES BRAQUE AND MANY OTHER WORLD-RENOWNED ARTISTS.THE CAFESJIAN ART TRUST WAS ESTABLISHED BY THE FAMILY OF GERARD CAFESJIAN TO SHARE HIS COLLECTION OF CONTEMPORARY AND MODERN ART WITH THE PUBLIC. OUR MISSION IS TO PROVIDE AN AESTHETIC AND EDUCATIONAL EXPERIENCE THROUGH OUR COLLECTION FOR THE BENEFIT OF THE PUBLIC. THE MUSEUMS IS FREE AND OPEN TO THE PUBLIC FOR GUIDED TOURS.
COSTS TO PROPERLY STORE AND MAINTAIN ART THAT WILL EVENTUALLY BE DISPLAYED IN THE MUSEUM AS IT ROTATES EXHIBITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Schlauch Executive Director | 40 | $126,390 | |
Ben Albaugh Facilities Manager | 40 | $85,400 | |
Manuel Rodriguez Preparator | 40 | $72,431 | |
Ashley Walker Collections Manager | 40 | $67,587 | |
Linnea Seidling Communications Dir. | 40 | $63,180 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,572 |
| Interest on Savings | $98,649 |
| Dividends & Interest | $1,117,239 |
| Net Rental Income | $1 |
| Net Gain on Sale of Assets | -$529,213 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $16,092 |
| Total Revenue | $712,340 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $48,195 |
| Other employee salaries and wages | $567,741 |
| Pension plans, employee benefits | $170,274 |
| Interest | $0 |
| Taxes | $21,147 |
| Depreciation | $203,493 |
| Occupancy | $238,190 |
| Travel, conferences, and meetings | $9,213 |
| Printing and publications | $0 |
| Other expenses | $273,060 |
| Total operating and administrative expenses | $1,729,396 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,729,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $225,402 |
| Savings and temporary cash investments | $5,016,425 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,058 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $6,858,387 |
| Other assets | $28,115,035 |
| Total assets | $75,328,642 |
| Accounts payable and accrued expenses | $20,384 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $20,384 |