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        <ExclusionAmt>36194</ExclusionAmt>
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        <SecuritiesAmt>169578</SecuritiesAmt>
      </GrossAmountSalesAssetsGrp>
      <LessCostOthBasisSalesExpnssGrp>
        <SecuritiesAmt>0</SecuritiesAmt>
      </LessCostOthBasisSalesExpnssGrp>
      <GainOrLossGrp>
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      </GainOrLossGrp>
      <NetGainOrLossInvestmentsGrp>
        <TotalRevenueColumnAmt>169578</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>169578</RelatedOrExemptFuncIncomeAmt>
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        <ExclusionAmt>366811</ExclusionAmt>
      </NetIncmFromFundraisingEvtGrp>
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        <Desc>Federal Employer Retention Credit</Desc>
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        <RelatedOrExemptFuncIncomeAmt>78294</RelatedOrExemptFuncIncomeAmt>
      </OtherRevenueMiscGrp>
      <OtherRevenueMiscGrp>
        <Desc>Gross Rents</Desc>
        <TotalRevenueColumnAmt>50000</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>50000</RelatedOrExemptFuncIncomeAmt>
      </OtherRevenueMiscGrp>
      <OtherRevenueMiscGrp>
        <Desc>Refunds</Desc>
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        <RelatedOrExemptFuncIncomeAmt>6974</RelatedOrExemptFuncIncomeAmt>
      </OtherRevenueMiscGrp>
      <OtherRevenueTotalAmt>135268</OtherRevenueTotalAmt>
      <TotalRevenueGrp>
        <TotalRevenueColumnAmt>2387702</TotalRevenueColumnAmt>
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        <UnrelatedBusinessRevenueAmt>0</UnrelatedBusinessRevenueAmt>
        <ExclusionAmt>403005</ExclusionAmt>
      </TotalRevenueGrp>
      <GrantsToDomesticOrgsGrp>
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      </GrantsToDomesticOrgsGrp>
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      </CompCurrentOfcrDirectorsGrp>
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      <FeesForServicesLegalGrp>
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      <FeesForServicesAccountingGrp>
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      <OccupancyGrp>
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      <TravelGrp>
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      </TravelGrp>
      <ConferencesMeetingsGrp>
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      <InsuranceGrp>
        <TotalAmt>13007</TotalAmt>
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      <OtherExpensesGrp>
        <Desc>Co-op Advertising Expen</Desc>
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      <OtherExpensesGrp>
        <Desc>Independent Appraisers</Desc>
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      <OtherExpensesGrp>
        <Desc>Public Relations and Co</Desc>
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      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>Computer Management</Desc>
        <TotalAmt>31009</TotalAmt>
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      <AllOtherExpensesGrp>
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      </AllOtherExpensesGrp>
      <TotalFunctionalExpensesGrp>
        <TotalAmt>1967317</TotalAmt>
      </TotalFunctionalExpensesGrp>
      <CashNonInterestBearingGrp>
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        <EOYAmt>129769</EOYAmt>
      </PrepaidExpensesDefrdChargesGrp>
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      <LandBldgEquipAccumDeprecAmt>36105</LandBldgEquipAccumDeprecAmt>
      <LandBldgEquipBasisNetGrp>
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        <EOYAmt>19789</EOYAmt>
      </LandBldgEquipBasisNetGrp>
      <InvestmentsPubTradedSecGrp>
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        <EOYAmt>1962935</EOYAmt>
      </InvestmentsPubTradedSecGrp>
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        <BOYAmt>104623</BOYAmt>
        <EOYAmt>103872</EOYAmt>
      </OtherAssetsTotalGrp>
      <TotalAssetsGrp>
        <BOYAmt>3551791</BOYAmt>
        <EOYAmt>4817845</EOYAmt>
      </TotalAssetsGrp>
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        <EOYAmt>163902</EOYAmt>
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      <DeferredRevenueGrp>
        <BOYAmt>77000</BOYAmt>
        <EOYAmt>1323375</EOYAmt>
      </DeferredRevenueGrp>
      <OtherLiabilitiesGrp>
        <BOYAmt>496150</BOYAmt>
        <EOYAmt>0</EOYAmt>
      </OtherLiabilitiesGrp>
      <TotalLiabilitiesGrp>
        <BOYAmt>641608</BOYAmt>
        <EOYAmt>1487277</EOYAmt>
      </TotalLiabilitiesGrp>
      <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
      <CapStkTrPrinCurrentFundsGrp>
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        <EOYAmt>1058889</EOYAmt>
      </CapStkTrPrinCurrentFundsGrp>
      <PdInCapSrplsLandBldgEqpFundGrp>
        <BOYAmt>0</BOYAmt>
        <EOYAmt>0</EOYAmt>
      </PdInCapSrplsLandBldgEqpFundGrp>
      <RtnEarnEndowmentIncmOthFndsGrp>
        <BOYAmt>1851294</BOYAmt>
        <EOYAmt>2271679</EOYAmt>
      </RtnEarnEndowmentIncmOthFndsGrp>
      <TotalNetAssetsFundBalanceGrp>
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        <EOYAmt>3330568</EOYAmt>
      </TotalNetAssetsFundBalanceGrp>
      <TotLiabNetAssetsFundBalanceGrp>
        <BOYAmt>3551791</BOYAmt>
        <EOYAmt>4817845</EOYAmt>
      </TotLiabNetAssetsFundBalanceGrp>
      <ReconcilationRevenueExpnssAmt>420385</ReconcilationRevenueExpnssAmt>
      <OtherChangesInNetAssetsAmt>0</OtherChangesInNetAssetsAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>0</AccountantCompileOrReviewInd>
      <FSAuditedInd>0</FSAuditedInd>
      <FederalGrantAuditRequiredInd>0</FederalGrantAuditRequiredInd>
    </IRS990>
    <IRS990ScheduleC documentId="RetDoc1039700001">
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      <OnlyInHouseLobbyingInd>0</OnlyInHouseLobbyingInd>
      <AgreeCarryoverPriorYearInd>0</AgreeCarryoverPriorYearInd>
      <DuesAssessmentsAmt>1053500</DuesAssessmentsAmt>
      <NonDeductibleLbbyngPltclCYAmt>192476</NonDeductibleLbbyngPltclCYAmt>
      <NonDeductibleLbbyngPltclTotAmt>192476</NonDeductibleLbbyngPltclTotAmt>
      <AggregateReportedDuesNtcAmt>192476</AggregateReportedDuesNtcAmt>
    </IRS990ScheduleC>
    <IRS990ScheduleD documentId="RetDoc1040000001">
      <BuildingsGrp>
        <OtherCostOrOtherBasisAmt>38620</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>18831</DepreciationAmt>
        <BookValueAmt>19789</BookValueAmt>
      </BuildingsGrp>
      <OtherLandBuildingsGrp>
        <OtherCostOrOtherBasisAmt>17274</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>17274</DepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </OtherLandBuildingsGrp>
      <TotalBookValueLandBuildingsAmt>19789</TotalBookValueLandBuildingsAmt>
    </IRS990ScheduleD>
    <IRS990ScheduleG documentId="RetDoc1041200001">
      <SpecialFundraisingEventsInd>X</SpecialFundraisingEventsInd>
      <FundraisingEventInformationGrp>
        <Event1Nm>Annual Art Show</Event1Nm>
        <GrossReceiptsEvent1Amt>3221524</GrossReceiptsEvent1Amt>
        <GrossRevenueEvent1Amt>3221524</GrossRevenueEvent1Amt>
        <OtherDirectExpensesEvent1Amt>2854713</OtherDirectExpensesEvent1Amt>
        <OtherEventsTotalCnt>0</OtherEventsTotalCnt>
        <GrossReceiptsTotalAmt>3221524</GrossReceiptsTotalAmt>
        <GrossRevenueTotalEventsAmt>3221524</GrossRevenueTotalEventsAmt>
        <OthDirectExpnssTotalEventsAmt>2854713</OthDirectExpnssTotalEventsAmt>
        <DirectExpenseSummaryEventsAmt>2854713</DirectExpenseSummaryEventsAmt>
        <NetIncomeSummaryAmt>366811</NetIncomeSummaryAmt>
      </FundraisingEventInformationGrp>
    </IRS990ScheduleG>
    <IRS990ScheduleI documentId="RetDoc1041900001">
      <GrantRecordsMaintainedInd>0</GrantRecordsMaintainedInd>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>Arts of Life</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>2010 W Carroll Ave</AddressLine1Txt>
          <CityNm>Chicago</CityNm>
          <StateAbbreviationCd>IL</StateAbbreviationCd>
          <ZIPCd>60612</ZIPCd>
        </USAddress>
        <RecipientEIN>364284473</RecipientEIN>
        <CashGrantAmt>10000</CashGrantAmt>
        <NonCashAssistanceAmt>0</NonCashAssistanceAmt>
        <ValuationMethodUsedDesc>Cash</ValuationMethodUsedDesc>
        <PurposeOfGrantTxt>Support economic and cultural contribution of fine art dealers.</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>Asian American Arts Alliance</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>29 W 38th St - 9th Fl</AddressLine1Txt>
          <CityNm>New York</CityNm>
          <StateAbbreviationCd>NY</StateAbbreviationCd>
          <ZIPCd>10018</ZIPCd>
        </USAddress>
        <RecipientEIN>133480189</RecipientEIN>
        <CashGrantAmt>10000</CashGrantAmt>
        <NonCashAssistanceAmt>0</NonCashAssistanceAmt>
        <ValuationMethodUsedDesc>Cash</ValuationMethodUsedDesc>
        <PurposeOfGrantTxt>Support economic and cultural contribution of fine art dealers.</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>Creative Growth</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>355 24th Street</AddressLine1Txt>
          <CityNm>Oakland</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>94612</ZIPCd>
        </USAddress>
        <RecipientEIN>237319028</RecipientEIN>
        <CashGrantAmt>10000</CashGrantAmt>
        <NonCashAssistanceAmt>0</NonCashAssistanceAmt>
        <ValuationMethodUsedDesc>Cash</ValuationMethodUsedDesc>
        <PurposeOfGrantTxt>Support economic and cultural contribution of fine art dealers.</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>First Peoples Fund</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>PO Box 2977</AddressLine1Txt>
          <CityNm>Rapid City</CityNm>
          <StateAbbreviationCd>SD</StateAbbreviationCd>
          <ZIPCd>57709</ZIPCd>
        </USAddress>
        <RecipientEIN>820583682</RecipientEIN>
        <CashGrantAmt>10000</CashGrantAmt>
        <NonCashAssistanceAmt>0</NonCashAssistanceAmt>
        <ValuationMethodUsedDesc>Cash</ValuationMethodUsedDesc>
        <PurposeOfGrantTxt>Support economic and cultural contribution of fine art dealers.</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>Project Row Houses</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>PO Box 1011</AddressLine1Txt>
          <CityNm>Houston</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>77251</ZIPCd>
        </USAddress>
        <RecipientEIN>760411778</RecipientEIN>
        <CashGrantAmt>10000</CashGrantAmt>
        <NonCashAssistanceAmt>0</NonCashAssistanceAmt>
        <ValuationMethodUsedDesc>Cash</ValuationMethodUsedDesc>
        <PurposeOfGrantTxt>Support economic and cultural contribution of fine art dealers.</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>Greetings from South-Central</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>1406 West 69th Street</AddressLine1Txt>
          <CityNm>Los Angeles</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>90047</ZIPCd>
        </USAddress>
        <RecipientEIN>852510901</RecipientEIN>
        <CashGrantAmt>10000</CashGrantAmt>
        <NonCashAssistanceAmt>0</NonCashAssistanceAmt>
        <ValuationMethodUsedDesc>Cash</ValuationMethodUsedDesc>
        <PurposeOfGrantTxt>Support economic and cultural contribution of fine art dealers.</PurposeOfGrantTxt>
      </RecipientTable>
      <TotalOtherOrgCnt>6</TotalOtherOrgCnt>
    </IRS990ScheduleI>
    <IRS990ScheduleJ documentId="RetDoc1042400001">
      <BoardOrCommitteeApprovalInd>X</BoardOrCommitteeApprovalInd>
      <SeverancePaymentInd>0</SeverancePaymentInd>
      <SupplementalNonqualRtrPlanInd>0</SupplementalNonqualRtrPlanInd>
      <EquityBasedCompArrngmInd>0</EquityBasedCompArrngmInd>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>Maureen Bray</PersonNm>
        <TitleTxt>Exec Director</TitleTxt>
        <BaseCompensationFilingOrgAmt>204027</BaseCompensationFilingOrgAmt>
        <CompensationBasedOnRltdOrgsAmt>0</CompensationBasedOnRltdOrgsAmt>
        <BonusFilingOrganizationAmount>0</BonusFilingOrganizationAmount>
        <BonusRelatedOrganizationsAmt>0</BonusRelatedOrganizationsAmt>
        <OtherCompensationFilingOrgAmt>0</OtherCompensationFilingOrgAmt>
        <OtherCompensationRltdOrgsAmt>0</OtherCompensationRltdOrgsAmt>
        <DeferredCompensationFlngOrgAmt>0</DeferredCompensationFlngOrgAmt>
        <DeferredCompRltdOrgsAmt>0</DeferredCompRltdOrgsAmt>
        <NontaxableBenefitsFilingOrgAmt>0</NontaxableBenefitsFilingOrgAmt>
        <NontaxableBenefitsRltdOrgsAmt>0</NontaxableBenefitsRltdOrgsAmt>
        <TotalCompensationFilingOrgAmt>204027</TotalCompensationFilingOrgAmt>
        <TotalCompensationRltdOrgsAmt>0</TotalCompensationRltdOrgsAmt>
        <CompReportPrior990FilingOrgAmt>0</CompReportPrior990FilingOrgAmt>
        <CompReportPrior990RltdOrgsAmt>0</CompReportPrior990RltdOrgsAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
    </IRS990ScheduleJ>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part I - Line 1 and Part III line 1 - Organization's Mission</FormAndLineReferenceDesc>
        <ExplanationTxt>The Association supports the economic and cultural contributions of fine art dealers in the United States by promoting ethical practices, encouraging art historical scholarship, providing educational opportunities for members and the public, and offering a professional fine art appraisal service. The Association sponsors a series of educational lectures, presented by industry experts, regarding topics such as "best practices" for art collectors, small business growth and development, and the broader cultural impacts of philanthropy and art institutions. The Association also administers cooperative advertising programs in conjunction with its members to further the purpose of supporting the economic and cultural contributions of art dealers. All costs of these programs are borne by the individual members, not by the Association. The Association expresses its views to various legislators on matters affecting art dealers,including bills and court rulings. Additionally,the Association has set aside funds to aid members of the arts community in the event of a natural or manmade disaster.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part III - Line 4a - Program Service Accomplishments</FormAndLineReferenceDesc>
        <ExplanationTxt>The Association supports the economic and cultural contributions of fine art dealers in the United States by promoting ethical practices, encouraging art historical scholarship, providing educational opportunities for members and the public, and offering a professional fine art appraisal service. The Association sponsors a series of educational lectures, presented by industry experts, regarding topics such as "best practices" for art collectors, small business growth and development, and the broader cultural impacts of philanthropy and art institutions. The Association also administers cooperative advertising programs in conjunction with its members to further the purpose of supporting the economic and cultural contributions of art dealers. All costs of these programs are borne by the individual members, not by the Association. The Association expresses its views to various legislators on matters affecting art dealers,including bills and court rulings. Many members of the New York arts community's gallery spaces and works of art were destroyed by the ravages of Superstorm Sandy in 2012. As part of its primary mission, the Association established a fund to ensure that the victims of the storm would be able to remain in business and carry on the stated purpose of the Association. The remainer of donations has been retained to provide similar aid in the event of future disasters.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section A, line 6</FormAndLineReferenceDesc>
        <ExplanationTxt>Organization is a 501(c)6 trade organization. The Art Dealers Association is structured so that participating dealers are members.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section A, line 7a</FormAndLineReferenceDesc>
        <ExplanationTxt>Existing members of the governing body may admit other members to serve on the Board of Directors.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section B, line 11b</FormAndLineReferenceDesc>
        <ExplanationTxt>The Board of Directors authorizes the Executive Director and the Financial Administrative consultants to review the form 990 before finalizing the return. The form 990 is made available to all members of the governing body who request it.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section B, line 15</FormAndLineReferenceDesc>
        <ExplanationTxt>Compensation is determined by comparability data.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section C, line 19</FormAndLineReferenceDesc>
        <ExplanationTxt>The organization makes its governing documents, financial statements and form 990 available to the public upon request, in the offices of the Art Dealers Association.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>
