2023-02-15T11:20:15-06:00 2021-12-31 111986323 MARCUM LLP ONE SOUTHEAST THIRD AVE SUITE 1100 MIAMI FL 33131 990 2021-01-01 592048869 JORGE M PEREZ ART MUSEUM OF MIAMI-DADE COUNTY INC JORG 3053753000 1103 BISCAYNE BLVD MIAMI FL 33132 MARK B ROSENBLUM COO/CFO 3053753000 2023-02-13 1 MARK ROSENBLUM 999009999 MICHAEL NOVAK P01074800 3059959600 3 AAL1 IAL1 2021 2023-03-07 01:45:13Z LUKE R PALACIO 1103 BISCAYNE BLVD MIAMI FL 33132 26372728 0 X WWW.PAMM.ORG X 1996 FL VARIOUS MUSEUM EXHIBITIONS, EDUCATIONAL PROGRAMS, LECTURES AND OTHER RELATED EVENTS 48 46 107 30 0 0 12205909 15474481 362975 803831 585928 2023374 840554 1854247 13995366 20155933 0 0 0 0 5088560 5047278 0 0 1575789 10546957 12494787 15635517 17542065 -1640151 2613868 166856508 170476765 14488064 14512925 152368444 155963840 X SEE ATTACHMENT IN SCHEDULE O. 0 0 10628464 2041985 VARIOUS ART EXHIBITIONS, EDUCATIONAL PROGRAMS, LECTURES AND OTHER RELATED EVENTS. 10628464 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 58 0 107 1 0 0 0 0 0 0 0 0 0 0 X 48 46 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 FL X X MARK B ROSENBLUM 7863455660 1103 BISCAYNE BLVD MIAMI FL 33132 AARON PODHURST CHAIRMAN 4.00 X X 0 0 0 LUKE R PALACIO PRESIDENT 4.00 X X 0 0 0 DOROTHY TERRELL VICE-PRESIDENT 4.00 X X 0 0 0 SANDRA TAMER SECRETARY 4.00 X X 0 0 0 T CHRISTIAN ARMSTRONG TREASURER 4.00 X X 0 0 0 MITCHELL A BIERMAN AT LARGE 4.00 X 0 0 0 GREGORY C FERRERO EX-OFFICIO PRESIDENT 4.00 X 0 0 0 MARIA C BECHILY TRUSTEE 4.00 X 0 0 0 KAREN H BECHTEL TRUSTEE 4.00 X 0 0 0 BARRON CHANNER TRUSTEE 1.00 X 0 0 0 ARLENE CHAPLIN TRUSTEE 1.00 X 0 0 0 MADELEINE CONWAY TRUSTEE 1.00 X 0 0 0 SEBASTIAN ECHAVARRIA TRUSTEE 1.00 X 0 0 0 JOHN D FUMAGALLI TRUSTEE 1.00 X 0 0 0 ROSE ELLEN MEYERHOFF GREENE TRUSTEE 4.00 X 0 0 0 DIANE GROB TRUSTEE 2.00 X 0 0 0 ADRI GUHA TRUSTEE 2.00 X 0 0 0 DEBORAH HOFFMAN TRUSTEE 1.00 X 0 0 0 ALEXANDER HURST TRUSTEE 1.00 X 0 0 0 ERIC G JOHNSON TRUSTEE 1.00 X 0 0 0 LAURA B KAPLAN TRUSTEE 2.00 X 0 0 0 PATRICIA M KLEH TRUSTEE 2.00 X 0 0 0 SIMON P LEVINE TRUSTEE 1.00 X 0 0 0 W PATRICK MCDOWELL TRUSTEE 2.00 X 0 0 0 DERYL MCKISSACK TRUSTEE 1.00 X 0 0 0 DIANE MOSS TRUSTEE 2.00 X 0 0 0 DR MARK E OREN TRUSTEE 2.00 X 0 0 0 NEDRA OREN TRUSTEE 2.00 X 0 0 0 PATRICIA PAPPER TRUSTEE 2.00 X 0 0 0 JORGE M PEREZ TRUSTEE 4.00 X 0 0 0 SYLVIA T POPE TRUSTEE 1.00 X 0 0 0 STEPHEN ROBERT TRUSTEE 1.00 X 0 0 0 CRAIG ROBINS TRUSTEE 1.00 X 0 0 0 LEE BRIAN SCHRAGER TRUSTEE 1.00 X 0 0 0 NICHOLAS J SINGER TRUSTEE 2.00 X 0 0 0 JUAN TORO TRUSTEE 1.00 X 0 0 0 WALID G WAHAB TRUSTEE 4.00 X 0 0 0 MARY WOLFSON TRUSTEE 1.00 X 0 0 0 ALEXA WOLMAN TRUSTEE 4.00 X 0 0 0 JIM BILDNER TRUSTEE 2.00 X 0 0 0 JULIE BROWN TRUSTEE 1.00 X 0 0 0 ANDREW CARTON TRUSTEE 1.00 X 0 0 0 DANIEL DE LA VEGA TRUSTEE 1.00 X 0 0 0 CHELSEA HIRSCHHORN TRUSTEE 1.00 X 0 0 0 KIMBERLY MARSHALL TRUSTEE 2.00 X 0 0 0 VICTORIA ROGERS TRUSTEE 2.00 X 0 0 0 PADMA RAJ VATTIKUTI TRUSTEE 1.00 X 0 0 0 ALEXANDRA WILKIS WILSON TRUSTEE 1.00 X 0 0 0 MARK ROSENBLUM CHIEF OPERATING OFFICER 40.00 X 218613 0 10168 FRANKLIN SIRMANS MUSEUM DIRECTOR 40.00 X 537498 0 10447 M THERESE VENTO GENERAL COUNSEL 40.00 X 170063 0 10370 EMMA HEALD DEVELOPMENT DIRECTOR 40.00 X 139879 0 7868 RENE MORALES CURATORIAL DIRECTOR 40.00 X 131428 0 8607 1197481 0 47460 5 1 1 0 ALLIED UNIVERSAL 161 WASHINGTON STREET 600 CONSHOHOCKEN PA 19428 OUTSOURCED SECURITY 755905 CENTURY RISK ADVISORS 1900 NW CORPORATE BLVD STE 400E BOCA RATON FL 33431 INSURANCE BROKER 532996 JONES LANG LASALLE AMERICAS INC 95661 TREASURY CENTER CHICAGO IL 60694 PROPERTY MANAGEMENT 311135 CROZIER FINE ARTS INC 525 WEST 20TH STREET NEW YORK NY 10011 FINE ART SHIPPING AND STORAGE 294467 PRITCHARD SPORTS & ENTERTAINMENT GROUP 2130 PRIEST BRIDGE DRIVE 9 CROFTON MD 21114 HOUSEKEEPING SERVICES 253129 11 247191 558345 6109645 8559300 703074 15474481 ADMISSIONS 784025 784025 TRAVEL AND TOURS 19806 19806 803831 411908 411908 153352 153352 595740 167052 428688 428688 428688 7250756 5639290 1611466 1611466 1611466 182122 558345 182122 0 452207 228331 223876 223876 PARKING - BENEFIT OF PATRONS 812930 1014278 1014278 OTHER INCOME 900099 34053 34053 1048331 20155933 2041985 0 2639467 957160 446091 324422 186647 3362256 1567003 1139611 655642 21491 10016 7284 4191 408244 190265 138371 79608 298127 138944 101048 58135 152512 72560 70145 9807 31168 14829 14335 2004 71056 33806 32681 4569 48671 10305 38220 146 831558 455259 306871 69428 290662 145290 145343 29 110635 72919 21461 16255 440823 256765 167040 17018 67400 67400 1411714 1012740 374368 24606 58339 32622 7211 18506 397540 84170 312176 1194 2931823 1847049 1026138 58636 678285 446930 216527 14828 ART COLLECTION 2563101 2563101 IN-KIND 703074 269864 269864 163346 SECURITY 682825 518395 158600 5830 PARKING AND VALET 284811 2482 282250 79 738790 369659 183846 185285 17542065 10628464 5337812 1575789 6569657 6678151 6663027 8038426 17402517 16519883 518403 515751 500551 401893 272182 382538 135356892 26040387 111863796 109316505 18967407 24194217 4098968 4429401 166856508 170476765 886616 1160352 3609917 4667439 8530000 7830000 1032200 818937 429331 36197 14488064 14512925 X 113894670 118288602 38473774 37675238 152368444 155963840 166856508 170476765 2613868 981528 0 X 0 1 X 1 0 X 12451940 6983508 13405930 12205909 15474481 60521768 12451940 6983508 13405930 12205909 15474481 60521768 60521768 1598247 834242 1458968 910598 1161000 5963055 2152345 628029 2331506 645254 1500538 7257672 73742495 0.82070 0.81820 X PART II LINE 10 REVENUE FROM SALE OF INVENTORY - $452,207 PARKING - $1,014,278 OTHER INCOME - $34,053 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 30000 0 0 0 30000 0 PART II-B, LINE 1: THE ORGANIZATION CONTRIBUTED $30,000 TO BALLARD PARTNERS, A FIRM THAT SPECIALIZES IN LEGISLATIVE ADVOCACY. BALLARD CONTINUALLY ATTEMPTS TO INFLUENCE LEGISLATION TO FURTHER SUPPORT THE MUSEUM. THESE ACTIVITIES DID NOT CAUSE THE ORGANIZATION TO BE NOT DESCRIBED IN SECTION 501(C)(3). X X X X 0 30262259 1493010 2517664 34249836 27758296 551245 1952718 30262259 24356313 1319236 2632747 550000 27758296 25642974 12800 -1299461 24356313 23801201 1473753 918020 550000 25642974 0.14288 0.85712 0 0 125051708 21110234 103941474 4615858 3555233 1060625 5689326 1374920 4314406 109316505 EQUITY SECURITIES FUNDS 18220245 F FIXED INCOME FUNDS 2242471 F REAL ESTATE FUNDS 556942 F ALTERNATIVE ASSETS 3174559 F 24194217 FAIR VALUE OF DERIVATIVE - INT 36197 36197 X 21688300 981528 155456 395383 1532367 20155933 0 20155933 18092904 155456 395383 550839 17542065 0 17542065 PART X, LINE 2: THE MUSEUM FOLLOWS THE PROVISIONS OF FASB ASC TOPIC 740-10 AND RELATED SUBSECTIONS FOR THE RECOGNITION, MEASUREMENT, CLASSIFICATION, AND DISCLOSURE IN THE FINANCIAL STATEMENTS OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE MUSEUM'S TAX RETURNS. AS A RESULT OF IMPLEMENTING THIS GUIDANCE, MANAGEMENT HAS DETERMINED THAT THE MUSEUM DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AND ASSOCIATED UNRECOGNIZED BENEFITS THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES. SINCE TAX MATTERS ARE SUBJECT TO SOME DEGREE OF UNCERTAINTY, THERE CAN BE NO ASSURANCE THAT THE MUSEUM'S TAX RETURNS WILL NOT BE CHALLENGED BY THE TAXING AUTHORITIES AND THAT THE MUSEUM WILL NOT BE SUBJECT TO ADDITIONAL TAX, PENALTIES, AND INTEREST AS A RESULT OF SUCH CHALLENGE. IF THE MUSEUM WERE TO INCUR AN INCOME TAX LIABILITY IN THE FUTURE, INTEREST WOULD BE REPORTED AS INTEREST EXPENSE AND PENALTIES WOULD BE REPORTED AS INCOME TAXES. PART XI, LINE 2D - OTHER ADJUSTMENTS: COGS REPORTED NET 228,331. RENTAL EXPENSES REPORTED NET 167,052. PART XII, LINE 2D - OTHER ADJUSTMENTS: COGS REPORTED NET 228,331. RENTAL EXPENSES REPORTED NET 167,052. SCHEDULE D, PART III, LINE 4 - COLLECTIONS OF ART WORKS OF ART, HISTORICAL TREASURES, OR SIMILAR ASSETS THAT ARE (A) HELD FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE RATHER THAN FINANCIAL GAIN; (B) PROTECTED, KEPT UNENCUMBERED, CARED FOR, AND PRESERVED; AND (C) SUBJECT TO AN ORGANIZATIONAL POLICY THAT REQUIRES THE PROCEEDS OF ITEMS THAT ARE SOLD TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE MUSEUM REVISED ITS MISSION IN OCTOBER 1996, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTIONS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR AS DECREASES IN NET ASSETS WITH DONOR RESTRICTIONS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED ON THE FINANCIAL STATEMENTS. AS OF DECEMBER 31, 2021, THE MUSEUM'S COLLECTION CONSISTS OF 3,314 WORKS OF ART. SCHEDULE D, PART V, LINE 4 - ENDOWMENT FUNDS THE MUSEUM HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS WHICH IS PRIMARILY USED FOR EDUCATIONAL PROGRAMMING, OPERATIONS, AND ART ACQUISITIONS. PAMM GALA 740467 558345 182122 182122 740467 558345 182122 182122 182122 0 X X X X 0 0 0 0 0 0 0 0 0 FRANKLIN SIRMANS MUSEUM DIRECTOR 487498 0 50000 0 0 0 2609 0 7838 0 547945 0 0 0 MARK ROSENBLUM CHIEF OPERATING OFFICER 218613 0 0 0 0 0 2300 0 7868 0 228781 0 0 0 M THERESE VENTO GENERAL COUNSEL 170063 0 0 0 0 0 1878 0 8492 0 180433 0 0 0 X ADVERTISING 42 539728 REPLACEMENT COST X FOOD/BEVERAGE 10 163346 REPLACEMENT COST 0 0 0 FORM 990, PART III, LINE 1 - MISSION STATEMENT OUR MISSION IS TO BE A LEADER IN THE PRESENTATION, STUDY, INTERPRETATION, AND CARE OF INTERNATIONAL MODERN AND CONTEMPORARY ART, WHILE REPRESENTING AND CHERISHING THE UNIQUE DIVERSITY OF MIAMI-DADE. THROUGH OUR EXHIBITIONS AND PROGRAMS, WE AIM TO ENCOURAGE EVERYONE TO SEE ART AS AN INCENTIVE FOR GENUINE HUMAN INTERACTION, COMMUNICATION, AND EXCHANGE. FORM 990, PART VI, SECTION A, LINE 2 NEDRA OREN AND MARK OREN - MARRIED STEPHEN ROBERT - FATHER-IN-LAW TO SEBASTIAN ECHEVARRIA FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE A SEPARATE COMMITTEE WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 WAS PROVIDED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW AND APPROVAL AND TO THE BOARD FOR FINAL APPROVAL. THE RETURN WAS UPDATED FOR ANY CHANGES AS INDICATED BY THE AUDIT COMMITTEE BEFORE FINALIZING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C SELF EVALUATION FORMS ARE SENT ANNUALLY TO BOARD OF TRUSTEES AS WELL AS PERIODIC REQUESTS FROM THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD REVIEWS THE SALARIES OF THE EXECUTIVE DIRECTOR AND OTHER KEY EMPLOYEES BY REVIEWING THE COMPENSATION LEVELS SET IN THE AAMD SALARY SURVEY. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE PROVIDED TO THE PUBLIC UPON REQUEST.