2023-10-30T10:02:10-05:00 2022-12-31 FORVIS LLP 1551 N WATERFRONT PKWY STE 300 WICHITA KS 672066601 990 2022-01-01 420680419 EDMUNDSON ART FOUNDATION INC % BONNIE VALVERDE EDMU 5152774405 4700 GRAND AVENUE DES MOINES IA 50312 BONNIE VALVERDE Sr Dir of Fin & Ops 5152774405 2023-11-15 true Bonnie Valverde 999009999 Shawnell Linot P01663908 3162652811 2 2022 2023-04-26 12:10:37Z DES MOINES ART CENTER BONNIE VALVERDE 4700 GRAND AVENUE DES MOINES IA 50312 11834049 false X WWW.DESMOINESARTCENTER.ORG X 1946 IA THROUGH ITS COLLECTIONS, EXHIBITIONS, AND EDUCATIONAL PROGRAMMING, THE DES MOINES ART CENTER PROVIDES OPPORTUNITIES FOR TRANSFORMATIONAL ART EXPERIENCES. SEE SCHEDULE O. 27 27 136 27 -68449 226 9341366 5879593 209137 364301 3721343 3486362 1279407 1737104 14551253 11467360 0 0 0 0 3386830 4114034 80750 36000 584800 3569987 4449119 7037567 8599153 7513686 2868207 165716069 144679900 853373 1330308 164862696 143349592 X THROUGH ITS COLLECTIONS, EXHIBITIONS, AND EDUCATIONAL PROGRAMMING, THE DES MOINES ART CENTER PROVIDES OPPORTUNITIES FOR TRANSFORMATIONAL ART EXPERIENCES. SEE SCHEDULE O FOR CONTINUATION. false false 4264153 0 0 The Art Center's exhibitions in 2022 provided visitors new perspectives on art and created space for dialogue. Opportunities to interact with visiting artists and the exhibitions abounded, visitors could share memories through postcards and online galleries, attend lectures and panels with artists involved in major exhibitions, and take prints and gallery guides home to remember the impact of their visit. See Schedule O for continuation. 1457815 0 0 The Art Center's new and adapted programs and activities supplied a sense of fun in exhibitions, provided space for reflection and exploration, and offered new opportunities to connect with each other. In 2022, we enacted that vision through new programs that uplift diverse voices. More than 269,000 visitors were welcomed to the museum and Pappajohn Sculpture Park. See Schedule O for continuation. 345226 0 364301 OUR EFFORTS INCLUDE OPERATING A PUBLIC ART SCHOOL, ENGAGING IN PARTNERSHIPS WITH NUMEROUS SOCIAL AND HUMAN SERVICE ORGANIZATIONS, OFFERING ON- AND OFF-SITE SCHOOL ENRICHMENT CURRICULA, CREATING OPPORTUNITIES FOR CHILD-CENTERED LEARNING AND FAMILY ENGAGEMENT. THE ART CENTER'S STUDIO EDUCATION PROGRAM ENCOMPASSES ALL TYPES OF ART "MAKING" THROUGH BOTH TUITION-BASED ART CLASSES AND FREE ART PROGRAMMING THROUGH COLLABORATING ORGANIZATIONS. 6067194 true true false false false false false true false true true false false true true false true false false false false false false true true false false false false true false false false false false false false true false false false false false false false false false true 92 0 true 136 true true true false false false false true true false false false false false false X 27 27 false false false false false false false true true false false true true true true true true true true false X X BONNIE VALVERDE 5152710305 4700 GRAND AVENUE DES MOINES IA 50312 X JEFF FLEMING EXECUTIVE DIRECTOR 40.0 0.0 X 308606 0 54086 BONNIE VALVERDE SENIOR DIR OF FINANCE & OPS 40.0 0.0 X 146902 0 26932 TIFFANY NAGEL SPINNER SENIOR DIR OF DEVELOPMENT 40.0 0.0 X 107627 0 25202 RICHARD DEMING TRUSTEE 1.0 0.0 X 0 0 0 PATRICIA MCFARLAND TRUSTEE 1.0 0.0 X 0 0 0 AMY ANDERSON TRUSTEE 1.0 0.0 X 0 0 0 ANDREA ABEL TREASURER 1.0 0.0 X X 0 0 0 BRUCE HUGHES TRUSTEE 1.0 0.0 X 0 0 0 DAN KEOUGH TRUSTEE 1.0 0.0 X 0 0 0 DARREN JIRSA PRESIDENT 1.0 0.0 X X 0 0 0 DAWN MARTINEZ OROPEZA TRUSTEE 1.0 0.0 X 0 0 0 ELLEN HUBBELL TRUSTEE 1.0 0.0 X 0 0 0 GRAHAM COOK CHAIRPERSON AND EX-OFFICIO 1.0 0.0 X X 0 0 0 JASON GROSS TRUSTEE 1.0 0.0 X 0 0 0 JEFF CHUNGATH VICE PRESIDENT 1.0 0.0 X X 0 0 0 JOSHUA MANDELBAUM TRUSTEE 1.0 0.0 X 0 0 0 KATE HIGHTSHOE TRUSTEE 1.0 0.0 X 0 0 0 KYLE KRAUSE TRUSTEE 1.0 0.0 X 0 0 0 LIZ ADELMAN TRUSTEE 1.0 0.0 X 0 0 0 MARY CHAPMAN TRUSTEE 1.0 0.0 X 0 0 0 MICHELLE COWNIE TRUSTEE 1.0 0.0 X 0 0 0 MIKE SIMONSON TRUSTEE 1.0 0.0 X 0 0 0 PAMELA BASS-BOOKEY TRUSTEE 1.0 0.0 X 0 0 0 RENEE MONTZ TRUSTEE 1.0 0.0 X 0 0 0 RICK BALLINGER TRUSTEE 1.0 0.0 X 0 0 0 ROSEMARY PARSON TRUSTEE 1.0 0.0 X 0 0 0 SHARON SIMMONS TRUSTEE 1.0 0.0 X 0 0 0 TOM KOEHN TRUSTEE 1.0 0.0 X 0 0 0 VIRGINA LAURIDSEN TRUSTEE 1.0 0.0 X 0 0 0 WAYNE REAMES TRUSTEE 1.0 0.0 X 0 0 0 563135 0 106220 3 false true false KOYA LEADERSHP PARTNERS LLC 2005 MARKET STREET SUITE 3300 PHILADELPHIA PA 19103 RECRUITMENT 144864 1 354172 188900 1383988 3952533 5879593 STUDIO PROGRAMS 611610 341559 341559 SALES OF COMMISSIONED PRINTS 900099 14408 14408 REPRODUCTION & LOAN FEES 900099 7659 7659 SALES OF EXHIBITION CATALOGS 900099 675 675 _ 364301 836959 836959 0 0 48219 117894 -69675 0 -69675 -69675 2649403 2649403 2649403 2649403 43600 188900 62721 -19121 236748 0 0 0 344973 186074 158898 1226 157672 INCOME FROM FUNDS HELD IN TRUST 900099 1639081 1639081 All Other Misc Revenue 27921 27921 27921 27921 1667002 11467360 364301 -68449 5547784 0 0 0 0 536526 479051 42592 14883 0 2994961 1712924 942319 339718 62797 43304 16174 3319 281627 177941 78878 24808 238123 145275 49790 43058 0 295528 295528 34304 34304 0 36000 36000 0 347967 131150 262239 -45422 200819 171827 1360 27632 185574 83274 84910 17390 187705 170740 15925 1040 0 661072 644048 315 16709 105754 67835 28872 9047 0 0 0 0 389370 350433 9734 29203 216026 153963 62063 PACKING & SHIPPING 114473 114473 PURCHASED WORKS OF ART 1274745 1274745 PROGRAM SUPPLIES 73424 73424 _ 0 362358 272787 22156 67415 8599153 6067194 1947159 584800 4297479 5184889 0 0 3686629 3145798 83167 1511605 0 0 0 0 0 0 52946 109613 143036 201812 21512491 17597924 3428113 3914567 72807997 59367611 0 0 0 0 0 0 81216702 71244005 165716069 144679900 264693 691831 0 0 234880 335705 0 0 0 0 0 0 0 0 0 0 353800 302772 853373 1330308 X 34555321 31584729 130307375 111764863 164862696 143349592 165716069 144679900 2868207 -24381311 X false true X true false X 3965346 4035480 1711964 9259689 5879593 24852072 0 0 3965346 4035480 1711964 9259689 5879593 24852072 2084281 22767791 3450115 1693132 1612459 1167112 836959 8759777 226 226 108360 2008632 1908758 1270736 1667002 6963488 40575563 0.56112 0.54246 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X false 70180586 81064 -10945117 2478521 56838012 62607883 256064 9719426 2402787 70180586 58495244 115000 6277904 2280265 62607883 50079303 399906 10252678 2236643 58495244 54137022 197147 -2174251 2080615 50079303 0.38000 0.41000 0.21000 true false 20093471 16311911 3781560 1419020 1286013 133007 3914567 BENEFICIAL INTEREST IN TRUSTS 71166068 Other Asset 77937 71244005 0 DEFERRED COMPENSATION 302772 302772 -12547263 -24381311 366688 -24014623 11467360 11467360 8965841 366688 366688 8599153 8599153 SCHEDULE D, PART III, LINE 1A NOTE 1 - WORKS OF ART SCHEDULE D, PART III, LINE 4 The mission of the Foundation is to collect, preserve, and study the best examples of modern and contemporary art from around the world and to engage diverse local, regional, and national audiences. The Foundation's collection, which grows incrementally every year, includes over 6,000 works of art in all media. Although it acquires and displays mostly art from the 20th and 21st centuries, the Foundation also owns around 3,500 works on paper that span seven centuries. Many world-renowned artists are represented in the Foundation's collection, including historical artists such as Francis Bacon, Alberto Giacometti, and Edward Hopper as well as living artists such as Cecily Brown, Wangechi Mutu, and Ai Weiwei. The Foundation houses its collection in secure, climate-controlled storage areas. It also maintains a rigorous collections management policy, which guides the long-term care and preservation of the objects it holds in trust, including procedures for loans, acquisition, and deaccessioning. In addition, the Foundation organizes approximately twelve exhibitions every year, some featuring objects from the collection, others highlighting works of art borrowed from institutions and private collectors. Exhibitions might focus on a single artist, or they might group works of art by different artists under a thematic rubric. These projects are frequently accompanied by scholarly catalogues that place modern and contemporary art in a historical context and illuminate its relationship to urgent issues in the present. The Foundation's exhibitions regularly travel to other institutions. At the same time, the Foundation hosts one or two exhibitions produced by other museums annually. SCHEDULE D, PART V, LINE 4 FUNDS FROM THIS ENDOWMENT IS USED FOR THE PURCHASE OF WORKS OF ART. Schedule D, Part XI, Line 2D Cost of Goods Sold $186,074 Rental Expenses 116,735 Direct Fundraising Expenses 62,721 ____________________________________ $366,688 Schedule D, Part XII, Line 2D Cost of Goods Sold $186,074 Rental Expenses 116,735 Direct Fundraising Expenses 62,721 ____________________________________ $366,688 X X X X X X X true SYVERSON CONSULTING CONSULTING LLC 2130 GRAND AVENUE STE 1 DES MOINES IA 50312 false 36000 36000 IA ANNUAL GALA 232500 188900 43600 13642 23219 15270 10590 0 232500 188900 43600 13642 23219 15270 10590 62721 -19121 X X X false true false false false false false false false BONNIE VALVERDE SENIOR DIR OF FINANCE & OPS 145152 1750 0 0 26932 173834 0 JEFF FLEMING EXECUTIVE DIRECTOR 305606 0 3000 0 0 0 29086 0 25000 0 362692 0 0 0 Schedule J, Part I, Line 4b THE FOUNDATION RENEWED A 457(F) DEFERRED COMPENSATION PLAN WITH THE CURRENT DIRECTOR IN 2020. THE PLAN ALLOWED FOR THE DIRECTOR TO BE PAID AN AMOUNT OF $75,000 IF HE REMAINED CONTINUOUSLY EMPLOYED THROUGH DECEMBER 31, 2022. THE PAYOUT FROM THIS PLAN OCCURRED ON DECEMBER 31, 2022. THE FOUNDATION ENTERED INTO A 457(B) DEFERRED COMPENSATION PLAN WITH THE CURRENT DIRECTOR IN 2013 FOR THE PURPOSE OF CREATING A SUPPLEMENTAL RETIREMENT PLAN. EACH PLAN YEAR, THE FOUNDATION MAY DESIGNATE A CONTRIBUTION LIMITED TO THE CAP ON CONTRIBUTIONS UNDER SECTION 457 CATCH-UP LIMITATION. INTEREST IS CREDITED ON JANUARY 1 OF EACH PLAN YEAR CALCULATED BY MULTIPLYING THE ACCOUNT BALANCE AS OF DECEMBER 31 OF THE PRECEDING YEAR MATURITY RATE. THIS PLAN IS 100% VESTED AND WILL BE PAID IN A LUMP SUM IN THE CALENDAR YEAR FOLLOWING THE DIRECTORS SEVERANCE FROM EMPLOYMENT WITH THE FOUNDATION. AT DECEMBER 31, 2022 THE FOUNDATION HAS A LIABILITY OF $227,772 IN VESTED BENEFITS INCLUDED IN THE DEFERRED COMPENSATION LIABILITY. THE FOUNDATION ALSO HAS A NON-QUALIFIED PLAN WITH A FORMER DIRECTOR THAT IS BEING PAID OUT QUARTERLY. THIS PLAN HAD ASSETS AND LIABILITIES OF $0 AT DECEMBER 31, 2022. THE WALDINGER CORP SEE PART V 424000 CONTRACT WORK true SCHEDULE L, PART IV, LINE 1, COLUMN b The Waldinger Corporation is owned more than 35% by Tom Koehn, a trustee of Edmundson Art Foundation, Inc. FORM 990, PART I, LINE 1 Using art as the catalyst and with a commitment to inclusivity, the Art Center builds experiences, fosters relationships, and stimulates creative, critical, and empathetic thinking. The mission of the Foundation is to collect, preserve, and study the best examples of modern and contemporary art from around the world and to engage diverse local, regional, and national audiences. The Foundation's collection, which grows incrementally every year, includes over 6,000 works of art in all media. Although it acquires and displays mostly art from the 20th and 21st centuries, the Foundation also owns around 3,500 works on paper that span seven centuries. Many world-renowned artists are represented in the Foundation's collection, including historical artists such as Francis Bacon, Alberto Giacometti, and Edward Hopper as well as living artists such as Cecily Brown, Wangechi Mutu, and Ai Weiwei. The Foundation houses its collection in secure, climate-controlled storage areas. It also maintains a rigorous collections management policy, which guides the long-term care and preservation of the objects it holds in trust, including procedures for loans, acquisition, and deaccessioning. In addition, the Foundation organizes approximately twelve exhibitions every year, some featuring objects from the collection, others highlighting works of art borrowed from institutions and private collectors. Exhibitions might focus on a single artist, or they might group works of art by different artists under a thematic rubric. These projects are frequently accompanied by scholarly catalogues that place modern and contemporary art in a historical context and illuminate its relationship to urgent issues in the present. The Foundation's exhibitions regularly travel to other institutions. At the same time, the Foundation hosts one or two exhibitions produced by other museums annually. FORM 990, PART III, LINE 1 THE ART OF TODAY THROUGH ITS MUSEUM AND SCHOOL, ADDING TO THE CULTURAL RECORD THROUGH COLLECTIONS AND PROGRAMS. THE DES MOINES ART CENTER BELIEVES IN THE POWER OF ART TO INSPIRE PERSONAL, POLITICAL, AND SOCIAL TRANSFORMATION. WE COMMIT TO EXHIBIT AND EXPLORE THOUGHT-PROVOKING MODERN AND CONTEMPORARY ART. WE CONNECT PEOPLE AND ART BY OFFERING OPPORTUNITIES FOR FEELING, IMAGING, DREAMING AND CREATING. WE PROMOTE CURIOSITY AND EMBRACE CRTICAL AND EMPATHETIC THINKING WITH A SPIRIT OF OPENNESS. WE STRIVE TO BE A WELCOMING AND EQUITABLE CULTURAL RESOURCE. THIS EFFORT TO ENSURE ACCESS TO ART FOR EVERYONE HAS BEEN A CORE TENET OF THE MUSEUM SINCE ITS FOUNDING. ADMISSION IS ALWAYS FREE FOR ALL. FORM 990, PART III, LINE 4A Immersive was a 3-part exhibition of large-scale works and installations featuring artists Bill Viola, Ran Hwang, and Matthew Willie Garcia. This multi-part experiential exhibition invited visitors to be literally immersed in artworks from the permanent collection and beyond. Instead of moving through traditional gallery spaces, visitors followed a path from darkened space to darkened space, each filled with light, color, and sound. Images Unbound presented artwork from the Des Moines Art Center's permanent collections that touched upon themes of reproducibility, the art object's uniqueness, or the effects of urbanization. The exhibition played with themes from German philosopher Walter Benjamin's (1892-1940) seminal essay "The Work of Art in the Age of Mechanical Reproduction." Artists featured in Images Unbound included Frank Big Bear, Walker Evans, Hannah Hch, and Andy Warhol, among many others. Known for her daring and inventive fusion of the centuries-old practice of marquetry (wood inlay) with gritty and provocative subject matter, Alison Elizabeth Taylor tells tales that are unequivocally modern. The Sum of It, the most comprehensive gathering of her work to date, assembled dozens of works that chronicled her steady mastery of the now nearly forgotten techniques of this rarified medium and revealed her talent as an extraordinary storyteller of 21st-century American life and culture. The exhibition was comprised of a room-sized installation and approximately 40 large-scale single panel works by Taylor, including the Des Moines Art Center's The Breeder, to explore her compelling narratives of American culture. To advance the Art Center's goal of both celebrating and expanding the diversity of the collections, the museum accessioned 101 works of art in 2022 by artists whose heritage and background span the globe. New accessions provide our visitors with the opportunity to see themselves in the galleries. Over the past three years, over 90% of our new purchases were artworks by Asian, Black, Indigenous, Latinx, Queer, or women artists. Miriam Alarcn AvilIa is a photographer and a visual, multimedia and storytelling artist. Her work gives voice to new Iowans and highlights the challenges and heritage of Latinx immigrants. Alarcn Avilia's work honors the double meaning of the word lucha: it is the name of the popular wrestling sport, as well as the ability to use your whole heart and soul to overcome struggles and obstacles. Her exhibition for the Iowa Artists series featured photography, luchador masks, the stories and poems on which Alarcn Avilia bases her imagery, and a video capturing collaborations with her subjects. FORM 990, PART III, LINE 4B ENTIRELY KIDS DAY: FIND YOURSELF INSIDE ART Entirely Kids Day offers a day's worth of child-focused thematic art experiences in the museum and studio spaces. The theme of the spring 2022 Entirely Kids Day was "Find Yourself Inside Artfeatured interactive museum exploration and a tour of Immersive, hands-on art activities, engaging story times, performances by Eulens piegel Puppet Theater, and a virtual reality experience provided by Iowa State University's FLEx program. These opportunities encouraged new audiences to create memories at the Art Center; 1,201 children, adults, and families explored the museum in March, many for the first time. ART AND ACTIVISM The Art Center held an "Art & Activism" workshop with 15 teens over one weekend (July 30-31, 2022) led by Latinx artists Xavier Tavera and Bobby Marines, who were featured in the exhibition Images Unbound. The students explored how the use of photography, printing, and publication can shed light on challenging events in marginalized populations and how they can collectively heal and rise from adversity and tragedy. A printed publication or "Zine" was also developed as part of the installation. The group installation centered around current events impacting Des Moines' many diverse communities. The project was conceived of and executed by Marines, Tavera, and the students and displayed in the education building; several of their works are featured on the cover of this report. BEING WITH ART, an audio program launched in 2022, supports visitors with thoughtful, guided prompts, turning their museum visit into a peaceful, inspiring, and embodied experience. Grounded in mindfulness and slow looking practices, Being with Art helps museum goers slow down, relax, and enjoy the presence of modern and contemporary art while heightening awareness to how art makes us think, feel, and respond. While the program focuses on the permanent collection, visitors can take these practices into any opportunity to view art. The 20-minute audio program is available in both English and Spanish. MY VOICE is an exploration that invites youth to gather, question, and experience the ways that museums and art can serve as tools for creative and critical thinking, self reflection, mindfulness, and shared human connection. Twelve students from participating schools-Findley Elementary School, Harding Middle School, and North High School-were supported by the Des Moines Art Center in partnership with By Degrees and the Principal Foundation in creating an art piece inspired by work from the Art Center's permanent collections using a medium of their choice. These works were displayed and celebrated in a private reception for the students, their schools, families, and community partners. The Art Center's Community Art Access programs utilize art education to encourage participants to build resiliency and support the exploration of selfhood, community, and identity. The program is built on a history of new and existing relationships with other social service, educational, and non-profit partners. As we rebuild connections with partners following the pandemic, we have also been able to respond to new requests for access programs. In 2022, The Art Center collaborated in a new program with Des Moines Parks and Recreation, whose mission is to provide equitable recreation services in City parks. During the summer, the city rolled out a summer camp program in four parks: MLK Jr. Park, Evelyn K. Davis Park, Drake Park, and Weeks Middle School Park. Campers received two weeks of programming from the Art Center. The first week the campers were led through an art activity at their park by an Access teaching artist, and the following week the campers engaged in an on-site tour of the Art Center's collection and exhibitions, with an emphasis on themes explored in the first week. FORM 990, PART VI, SECTION B, LINE 11B AN INDEPENDENT ACCOUNTING FIRM PREPARES AND REVIEWS THE FORM 990 IN DETAIL WITH THE FINANCE COMMITTEE OF THE BOARD. THE FINANCE COMMITTEE, EXECUTIVE DIRECTOR, AND SENIOR DIRECTOR OF FINANCE AND OPERATIONS REVIEW THE FORM 990 WITH THE FULL BOARD. THE SENIOR DIRECTOR OF FINANCE AND OPERATIONS IS AVAILABLE TO ANSWER ANY QUESTIONS OR PROVIDE CLARIFICATION. THE FINAL FORM 990, WITH ALL REQUIRED SCHEDULES, IS PROVIDED TO ALL VOTING MEMBERS OF THE BOARD PRIOR TO FILING THE 990. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS AND OFFICERS ANNUALLY REVIEW AND SIGN THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. ACTUAL OR POTENTIAL CONFLICTS OF INTEREST MUST BE DISCLOSED TO THE BOARD. IF THERE IS A CONFLICT OF INTEREST THE BOARD MEMBER ABSTAINS FROM VOTING. Tom Koehn abstained from all votes related to the decision to hire The Waldinger Corporation. THE WALDINGER CORPORATION IS OWNED MORE THAN 35% BY TOM KOEHN, A TRUSTEE OF EDMUNDSON ART FOUNDATION, INC. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS AND DETERMINES THE COMPENSATION OF THE DIRECTOR, WHICH IS VOTED ON AND APPROVED BY THE FULL BOARD. THEY USE PRIMARILY THE AMERICAN ASSOCIATION OF MUSEUM DIRECTORS' (AAMD) SALARY COMPARISONS AS A GUIDE TO DETERMINE COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. THIS REVIEW IS DOCUMENTED WITH WRITTEN NOTES REGARDING THE COMPENSATION AGREEMENT REACHED AFTER DISCUSSION BETWEEN THE EXECUTIVE COMMITTEE (OR ITS REPRESENTATIVE, THE PRESIDENT OF THE BOARD OF TRUSTEES) AND THE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 15B IN 2022, AN INDEPENDENT ORGANIZATION, THE NEWPORT GROUP, WAS CONTRACTED TO REEVALUTE THE ORGANIZATION'S SALARY WAGE BANDS ESTABLISHED IN 2021. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.