2023-05-09T14:12:41-05:00 2022-06-30 111986323 MARCUM LLP 1899 L STREET NW 850 WASHINGTON DC 20036 990 2021-07-01 530196641 TRUSTEES OF THE CORCORAN GALLERY OF ART TRUS 7035330888 PO BOX 164 FALLS CHURCH VA 22040 HARRY F HOPPER CHAIRMAN 7035330888 2023-04-24 1 HARRY HOPPER 999009999 FRANK SMITH P00639053 2028225000 2023-04-24 0 AAL1 IAL1 2021 2023-04-26 12:10:37Z HARRY F HOPPER PO BOX 164 FALLS CHURCH VA 22040 871705 0 X WWW.CORCORAN.ORG X 1869 DC THE GALLERY WAS FORMED TO ESTABLISH AN INSTITUTION IN WASHINGTON, DC DEDICATED TO ART AND USED FOR THE PURPOSE OF ENCOURAGING AMERICAN GENIUS IN THE PRODUCTION AND PRESERVATION OF WORKS PERTAINING TO THE FINE ARTS AND KINDRED OBJECTS. 6 6 0 6 0 0 24310 0 0 0 213367 208582 0 0 237677 208582 244774 120000 0 0 0 0 0 0 0 351765 571787 596539 691787 -358862 -483205 5461946 4430370 1423297 1942880 4038649 2487490 X THE CORCORAN CONTINUES AS A SEPARATELY INCORPORATED ENTITY DEDICATED TO ART AND ENCOURAGING AMERICAN GENIUS. AS A CONTINUING ENTITY, THE CORCORAN WILL SEEK TO SUPPORT STEWARDSHIP OF THE CORCORAN NAME AND LEGACY, TO CONSULT WITH NGA AND GW ON PROGRAMS AND INTERCONNECTED ACTIVITIES OF SUCH INSTITUTIONS, AND TO PROMOTE THE IMPORTANT ROLE OF CONTEMPORARY ART AND ARTISTS IN PROVOKING NEW THINKING AND REALIZING NEW EXCITING CULTURAL INITIATIVES. 0 0 448061 WIND DOWN - ACTIVITIES RELATED TO WINDING DOWN THE PREVIOUS OPERATIONS OF THE ORGANIZATION. 29438 FUTURE PLANNING - ACTIVITIES RELATED TO DETERMINING THE FUTURE DIRECTION OF THE ORGANIZATION. 120000 120000 GRANTS AND DONATIONS 597499 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 NY X DEBBIE FEINBERG 7035330888 PO BOX 164 FALLS CHURCH VA 22040 HARRY F HOPPER CHAIRMAN 2.00 X X 0 0 0 FRED KNOPS TREASURER 2.00 X X 0 0 0 MOLLY ROLANDI SECRETARY 2.00 X X 0 0 0 MICHELA ENGLISH DIRECTOR 2.00 X 0 0 0 SHANNON FINLEY DIRECTOR 2.00 X 0 0 0 LINDA FINE DIRECTOR 2.00 X 0 0 0 DEBBIE FEINBERG INTERIM VP FINANCE 2.00 X 24000 0 0 24000 0 0 0 0 0 0 PAUL HASTINGS LLP 2050 M STREET NW WASHINGTON DC 20036 LEGAL SERVICES 639013 JULYAN & JULYAN 1200 29TH STREET NW WASHINGTON DC 20007 LEGAL SERVICES 231000 2 114621 114621 757084 663123 93961 93961 93961 208582 0 0 208582 X 120000 120000 231001 207901 23100 32124 32124 32666 32666 235668 233268 2400 2864 2524 340 884 884 8240 7416 824 STORAGE 28340 25506 2834 691787 597499 94288 0 82787 181475 1147 1251 5378012 4247644 5461946 4430370 23297 36210 1400000 1906670 1423297 1942880 X 4038649 2487490 4038649 2487490 5461946 4430370 X -483205 -561284 -506670 X X 1 X 0 1 0 X 96078 65155 52784 24310 238327 96078 65155 52784 24310 238327 64317 174010 308202 343671 165387 130593 114621 1062474 141 42 5 1 189 1300990 0.13380 0.17660 X THE ORGANIZATION IS IN THE PROCESS OF WINDING DOWN ACTIVITIES. 0 LOSS CONTINGENCY LIABILITY 1906670 1906670 1 GEORGE WASHINGTON UNIVERSITY 2121 I STREET NW 301 WASHINGTON DC 20052 530196584 501(C)(3) 120000 0 VISITING PROFESSOR PROGRAM 1 PART I, LINE 2: THE ORGANIZATION HAS AN MOU WITH THE RECIPEIENT THAT DETAILS THE ALLOWED USAGE OF THE GRANT FUNDS. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF THE COMPLETE RETURN IS SENT TO THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW. ALL QUESTIONS AND COMMENTS RAISED BY THE COMMITTEE ARE ADDRESSED PRIOR TO SUBMISSION TO THE IRS. ONCE THE 990 HAS BEEN FILED, THE CHAIRMAN OF THE FINANCE COMMITTEE REPORTS TO THE BOARD THAT THE REVIEW TOOK PLACE AND THAT THE FORM HAS BEEN FILED. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS SHALL NOT VOTE ON, APPROVE, OR RECOMMEND ANY TRANSACTION IN WHICH THEY HAVE AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST. IF THEY ARE PRESENT AT A MEETING OF THE BOARD OR ANY COMMITTEE AT WHICH SUCH A MATTER IS CONSIDERED, THEY MUST DISQUALIFY THEMSELVES FROM PARTICIPATING IN THE DISCUSSION AND VOTE BY EXCUSING THEMSELVES FROM THAT PORTION OF THE MEETING. IN ADDITION, BOARD MEMBERS AND OFFICERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST STATEMENT ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS INCLUDING THE 990 ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 233,268. MANAGEMENT AND GENERAL EXPENSES 2,400. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 235,668. FORM 990, PART XI, LINE 9: LOSS CONTINGENCY - LITIGATION -506,670. FORM 990, PART XII, LINE 2C: THE AUDIT OVERSIGHT PROCESS HAS REMAINED UNCHANGED FROM THE PREVIOUS YEAR.