2025-01-15T07:21:47-06:00 2024-06-30 621333840 BIBLE HARRIS SMITH PC 507 W CLINCH AVENUE KNOXVILLE TN 37902 990 2023-07-01 620677701 KNOXVILLE MUSEUM OF ART KNOX 8655256101 1050 WORLDS FAIR PARK DRIVE KNOXVILLE TN 379161653 JOYCE JONES DIRECTOR OF FINANCE AND OPERATIONS 8655256101 2025-01-14 1 1 HOLLY LEITNER P03257625 8655462300 2023 2024-10-15 13:58:12Z JOYCE JONES 1050 WORLDS FAIR PARK DRIVE KNOXVILLE TN 379161653 4428986 0 X WWW.KNOXART.ORG X 1963 TN COLLECTION, PRESERVATION, EDUCATION, AND EXHIBITION OF WORKS OF ART FOR THE BENEFIT OF THE GENERAL PUBLIC. 33 33 60 150 0 0 2766744 3477618 68218 83870 93301 105149 -147388 -180175 2780875 3486462 0 0 0 0 1599381 1596973 0 0 447521 1551566 1637147 3150947 3234120 -370072 252342 12164646 12559127 260241 91663 11904405 12467464 X THE PURPOSE OF THE KNOXVILLE MUSEUM OF ART IS TO SUPPORT AND PROMOTE PUBLIC INTEREST, AWARENESS, KNOWLEDGE AND EDUCATION IN THE VISUAL ARTS IN EAST TENNESSEE . TO THIS END, THE CORPORATION SHALL, AMONG OTHER THINGS, DEVELOP PERMANENT COLLECTION OF ORIGINAL WORKS OF ART AND PRESENT TEMPORARY EXHIBITIONS OF THE HIGHEST ARTISTIC MERIT. 0 0 376403 209643 EDUCATION AND PUBLIC PROGRAMS 820994 EXHIBITIONS OF ART, INCLUDING FACILITIES AND SECURITY. 1091005 CURATORIAL COSTS, INCLUDING VALUATIONS, ACQUISITIONS, AND CARE OF ARTS. 2288402 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 0 1 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 1 0 0 0 1 21 0 60 1 0 0 0 0 0 0 0 0 0 0 X 33 33 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 TN X X JOYCE JONES 8655256101 1050 WORLDS FAIR PARK DRIVE KNOXVILLE TN 379161653 JULIA BENTLEY TREASURER 2.00 X X 0 0 0 TAYLOR WORTHAM CHAIR 2.00 X X 0 0 0 DAVID BUTLER EXECUTIVE DIRECTOR 40.00 X X 164400 0 0 ROB HELLER SECRETARY 2.00 X X 0 0 0 KAREN MANN TRUSTEE 2.00 X 0 0 0 MATT KAYE TRUSTEE 2.00 X 0 0 0 MIKE RODGERS TRUSTEE 2.00 X 0 0 0 MOLLY JOY TRUSTEE 2.00 X 0 0 0 LOUIS GAUCI CHAIR-ELECT 2.00 X X 0 0 0 STEVE SMITH TRUSTEE 2.00 X 0 0 0 KITSY HARTLEY TRUSTEE 2.00 X 0 0 0 TIFFANY SILER TRUSTEE 2.00 X 0 0 0 CARTER GRIFFIN TRUSTEE 2.00 X 0 0 0 MELISSA BURLESON TRUSTEE 2.00 X 0 0 0 ANGELA MASINI TRUSTEE 2.00 X 0 0 0 LESLIE PARENT TRUSTEE 2.00 X 0 0 0 MOODY ALTAMIMI TRUSTEE 2.00 X 0 0 0 SAMMA HARPER BROMLEY TRUSTEE 2.00 X 0 0 0 NATALIE DOWLING TRUSTEE 2.00 X 0 0 0 LYNNE FUGATE TRUSTEE 2.00 X 0 0 0 KELLY HEADDEN TRUSTEE 2.00 X 0 0 0 SHERYL LINCK TRUSTEE 2.00 X 0 0 0 DEREK SPRATLEY TRUSTEE 2.00 X 0 0 0 CANDICE WILLOUGHBY TRUSTEE 2.00 X 0 0 0 STEVEN MATIJCIO EXECUTIVE DIRECTOR 40.00 X X 0 0 0 JUDY DOYLE TRUSTEE 2.00 X 0 0 0 REV RENEE KESLER TRUSTEE 2.00 X 0 0 0 SUSANA NAVARRO TRUSTEE 2.00 X 0 0 0 GAIL VAN HOOZIER TRUSTEE 2.00 X 0 0 0 SCOTT BIRD TRUSTEE 2.00 X 0 0 0 DEBBIE JONES TRUSTEE 2.00 X 0 0 0 JAY MCBRIDE TRUSTEE 2.00 X 0 0 0 ROSALYN TILLMAN TRUSTEE 2.00 X 0 0 0 MOLLIE TURNER TRUSTEE 2.00 X 0 0 0 CHARLIE WAGNER TRUSTEE 2.00 X 0 0 0 164400 0 0 1 0 1 0 0 172031 1360852 278544 659066 1007125 3477618 EDUCATION 611610 51059 51059 PUBLIC PROGRAMS 713990 32811 32811 83870 101581 101581 103858 0 103858 103858 103858 359830 356262 3568 3568 3568 86866 1360852 463209 -376343 -376343 197016 123053 73963 73963 OTHER MISC. INCOME 713990 10438 10438 BOARD LUNCHES 713990 7909 7909 18347 3486462 209643 0 -200799 144969 72485 36242 36242 1326342 831059 204870 290413 15196 9332 2490 3374 110466 67838 18103 24525 15800 15800 7801 7801 95493 48418 46225 850 40735 40735 65618 23864 25339 16415 163519 163519 17721 12612 5109 586389 586389 132013 92516 20320 19177 REPAIRS & MAINTENANCE 152654 80721 69708 2225 SUPPLIES 69324 67659 530 1135 ACCESSION OF ART 45541 45541 POSTAGE 15648 8942 3086 3620 228891 136772 42574 49545 3234120 2288402 498197 447521 1766122 1701683 2323376 5000 0 50537 42136 33463 13915 20041023 12332562 7769902 7708461 2866286 216246 226646 12164646 12559127 243941 64650 16300 27013 260241 91663 X 11446969 12188406 457436 279058 11904405 12467464 12164646 12559127 X 252342 310716 1 X 0 1 X 1 0 X 1409659 1854597 2257195 1676557 2114595 9312603 106666 34240 8763 58218 209643 417530 1003663 910310 1289938 702123 1644734 5550768 2519988 2799147 3555896 2436898 3968972 15280901 703950 582135 634981 774905 984353 3680324 0 703950 582135 634981 774905 984353 3680324 11600577 151797 438915 121174 156311 205439 1073636 151797 438915 121174 156311 205439 1073636 2671785 3238062 3677070 2593209 4174411 16354537 0.70930 0.67300 0.06560 0.06780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 6746296 3000000 1272421 284345 31437 10702935 6141575 1000 892383 271556 17106 6746296 7391096 -958460 271215 19846 6141575 5656676 1993197 242069 16708 7391096 5594854 300597 223629 15146 5656676 0.66736 0.33264 1 1 1 276621 276621 17549281 10258928 7290353 1624300 1575501 48799 590821 498133 92688 7708461 X PART III, LINE 1A: PERMANENT ART COLLECTION - THE MUSEUM'S COLLECTIONS ARE MADE UP OF ART OBJECTS THAT ARE HELD FOR EXHIBITION AND CURATORIAL PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED, AND CARED FOR. THE VALUE OF THE PERMANENT ART COLLECTION IS NOT REFLECTED IN THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION NOR ARE DONATIONS OF ART TO THE PERMANENT ART COLLECTION RECOGNIZED IN THE STATEMENT OF ACTIVITIES. THERE WERE DONATIONS OF ART IN THE CURRENT YEAR VALUED AT $249,400. PURCHASED ART TOTALED $47,491. IT IS THE POLICY OF THE MUSEUM THAT PROCEEDS FROM THE SALE OF ANY COLLECTION ITEMS ARE TO BE USED TO PURCHASE ADDITIONAL COLLECTION ITEMS OR FOR THE DIRECT CARE OF EXISTING COLLECTIONS. THE MUSEUM DEFINES DIRECT CARE OF COLLECTIONS AS ANY ACTIVITY THAT INVOLVES THE PROTECTION AND PRESERVATION OF THE COLLECTIONS. THERE WERE NO PROCEEDS FROM SALES OF ITEMS DEACCESSIONED. MANAGEMENT ESTIMATES THAT THE MARKET VALUE OF THE PERMANENT ART COLLECTION IS APPROXIMATELY $11,172,000 AS OF JUNE 30, 2024. PART III, LINE 4: THE KNOXVILLE MUSEUM OF ART COLLECTS WORKS OF ART OF THE HIGHEST QUALITY IN ALL MEDIA FROM CIRCA 1900 TO THE PRESENT WITH AN EMPHASIS ON THOSE REPRESENTING THE MOST SIGNIFICANT RECENT DEVELOPMENTS AND WITH GREATEST LOCAL AND REGIONAL RELEVANCE. THE COLLECTION INCLUDES APPROXIMATELY 800 OBJECTS REPRESENTING 20TH- AND 21ST-CENTURY WORKS ON PAPER, PAINTINGS, MIXED MEDIA WORKS, SCULPTURE, AND FINE CRAFT THAT FORM AN IMPORTANT RECORD OF REGIONAL, NATIONAL, AND INTERNATIONAL ART DEVELOPMENTS. IT CONTINUES TO GROW THROUGH GIFTS FROM NOTED ARTISTS, GALLERIES, COLLECTORS, AND FOUNDATIONS, AND PURCHASES FUNDED BY THE COLLECTORS CIRCLE OF IMPORTANT WORKS BY ARTISTS OF REGIONAL AND INTERNATIONAL SIGNIFICANCE. INTERNATIONALLY-KNOWN ARTISTS REPRESENTED IN THE COLLECTION INCLUDE DAVID BATES, CHARLES BURCHFIELD, TOMORY DODGE, ROBERT LONGO, LORETTA LUX, DANTE MARIONI, WILLIAM MORRIS, KENNETH SNELSON, TO CITE JUST A FEW. CHOICE EXAMPLES BY CATHERINE WILEY, LLOYD BRANSON, JOSEPH DELANEY, WALTER STEVENS, CARL SUBLETT, WHITNEY LELAND, RICHARD JOLLEY, ANDREW SAFTEL AND BESSIE HARVEY REPRESENT THE DEVELOPMENT OF THE VISUAL ARTS IN EASTERN TENNESSEE OVER THE PAST CENTURY. MANY OF THESE ARE FEATURED IN HIGHER GROUND: A CENTURY OF THE VISUAL ARTS IN EAST TENNESSEE, AN ONGOING INSTALLATION DEVOTED TO THE HISTORY OF ART IN THE REGION FROM THE LATE 19TH CENTURY TO THE PRESENT. THE KMA COLLECTION ALSO INCLUDES NINE THORNE MINIATURE ROOMS, PERIOD ROOMS CREATED BY RENOWNED MINIATURIST MRS. JAMES WARD THORNE IN THE 1930S THAT WERE RECENTLY CONSERVED AND REINSTALLED IN A SPECIAL GALLERY ON THE MUSEUM'S LOWER LEVEL. PART V, LINE 4: THE KNOXVILLE MUSEUM OF ART FOUNDATION HOLDS AND INVESTS ENDOWMENTS, THE INCOME FROM WHICH IS AVAILABLE FOR THE BENEFIT OF THE KNOXVILLE MUSEUM OF ART. PART X, LINE 2: INCOME TAX STATUS THE MUSEUM AND THE FOUNDATION ARE EXEMPT FROM FEDERAL INCOME TAX AS QUALIFYING 501(C)(3) ORGANIZATIONS. THE KNOXVILLE MUSEUM OF ART AND THE KNOXVILLE MUSEUM OF ART FOUNDATION ARE EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS AS THE ORGANIZATION HAD NO NET UNRELATED BUSINESS INCOME. EFFECTIVE JULY 1, 2009, THE ORGANIZATION ADOPTED THE AUTHORITATIVE GUIDANCE FOR THE UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED JUNE 30, 2024, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR WHICH MAY HAVE ANY AFFECT ON ITS TAX-EXEMPT STATUS. AS OF JUNE 30, 2024, THE STATUTE OF LIMITATIONS FOR TAX YEARS 2021 THROUGH 2023 REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH THE ORGANIZATION FILES TAX RETURNS. IT IS THE ORGANIZATION'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX IF ANY, IN INCOME TAX EXPENSE. AS OF JUNE 30, 2024, THE ORGANIZATION HAD NO ACCRUALS FOR INTEREST AND/OR PENALTIES. L'AMOUR DU VIN 994322 993321 1001 279484 KICK OFF TO SUMMER 126272 96997 29275 44921 4 327124 270534 56590 138804 1447718 1360852 86866 463209 463209 -376343 X X 0 0 0 0 0 0 0 0 0 DAVID BUTLER EXECUTIVE DIRECTOR 164400 0 0 0 0 0 0 0 0 0 164400 0 0 0 X 10 ESTIMATE X DONATED SERVICES 14 0 ESTIMATE 0 0 0 PART I, LINE 33: THE ORGANIZATION DOES NOT CAPITALIZE ITS COLLECTIONS AND ACCORDINGLY DOES NOT REPORT AS REVENUE GIFTS OF WORKS OF ART. DONATED SERVICES ARE NOT INCLUDED PER THE INSTRUCTIONS TO FORM 990. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE REVIEWS AND APPROVES DRAFTS OF FORM 990. FORM 990, PART VI, SECTION B, LINE 12C ORGANIZATION HAS NEW TRUSTEE ORIENTATION THAT INCLUDES EXPECTATIONS OF TRUSTEES WHICH STATES THAT ANY CONFLICT OF INTEREST SHOULD BE REPORTED. FORM 990, PART VI, SECTION B, LINE 15 A FEW YEARS AGO, THE BOARD SURVEYED SALARIES PAID BY COMPARABLE MUSEUMS IN THE REGION AND SET THE WAGES PAID TO THE MUSEUM'S STAFF NEAR THE MEDIAN RANGE. SUBSEQUENT ANNUAL CHANGES BASED ON MERIT AND/OR COST OF LIVING HAVE BEEN APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S BYLAWS ARE AVAILABLE ON ITS WEB SITE. OTHER DOCUMENTS INCLUDING THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE ON REQUEST. FORM 990, PART XI, LINE 9: ROUNDING 1. KNOXVILLE MUSEUM OF ART FOUNDATION 1050 WORLDS FAIR PARK DRIVE KNOXVILLE TN 37916 621737208 TO SUPPORT THE KNOXVILLE MUSEUM OF ART TN 501(C)(3) LINE 10 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 KNOXVILLE MUSEUM OF ART FOUNDATION C 278544 CASH