Art21 Inc

“Artwork includes prints of artwork entitled "california condor" that were donated to benefit the organization. This artwork is stored at jean-yves noblet contemporary prints located at 429 south 5th street, brooklyn, ny 11211. Artwork received by donation is recorded at the estimated fair value at the time items were received and are not depreciated. An additional piece of artwork is maintained in the conference room at the organization in order to further the mission of increasing knowledge and igniting discussion of contemporary art.”

“THE ORGANIZATION COMMENCED OPERATIONS AS A PUBLIC CHARITY DESCRIBED IN SECTIONS 509(a)(1) AND 170(b)(1)(A)(vi) OF THE INTERNAL REVENUE CODE, EFFECTIVE OCTOBER 1, 2002, AND IS EXEMPT FROM EXCISE TAXES ON ITS NET INVESTMENT INCOME.THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. THE ORGANIZATION DID NOT HAVE INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES FOR THE YEARS ENDING SEPTEMBER 30, 2017 AND 2016. THE ORGANIZATION EVALUATES ITS TAX POSITIONS FOR ANY UNCERTAINTIES BASED ON THE TECHNICAL MERITS OF THE POSITION TAKEN IN ACCORDANCE WITH AUTHORITATIVE GUIDANCE. THE ORGANIZATION RECOGNIZES THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THE TAX POSITION WILL BE UPHELD ON EXAMINATION BY TAXING AUTHORITIES. THE ORGANIZATION HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF SEPTEMBER 30, 2017 AND 2016, THERE WERE NO UNCERTAIN TAX POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS.THE ORGANIZATION'S FEDERAL RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) IS SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER IT IS FILED. ACCORDINGLY, THE YEARS OPEN TO EXAMINATION ARE THE YEARS ENDED SEPTEMBER 30, 2014 THROUGH 2017. THERE ARE NO TAX AUDITS CURRENTLY IN PROGRESS.”