2023-11-14T18:11:45-06:00 2022-12-31 111986323 MARCUM LLP 1899 L STREET NW 850 WASHINGTON DC 20036 990 2022-01-01 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 2023-11-14 1 MARK ROSENBLUM 999009999 0 AARON M FOX P01365820 2028225000 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARK B ROSENBLUM 1103 BISCAYNE BLVD MIAMI FL 33132 49623928 0 X WWW.PAMM.ORG X 1996 FL VARIOUS MUSEUM EXHIBITIONS, EDUCATIONAL PROGRAMS, LECTURES AND OTHER RELATED EVENTS 50 50 127 80 0 0 15474481 14731924 803831 1268068 2023374 -985437 1854247 3041416 20155933 18055971 0 0 0 0 5047278 5916066 0 0 2080924 12494787 13276148 17542065 19192214 2613868 -1136243 170476765 155528152 14512925 4500736 155963840 151027416 X SEE ATTACHMENT IN SCHEDULE O. 0 0 11409187 2744263 VARIOUS ART EXHIBITIONS, EDUCATIONAL PROGRAMS, LECTURES AND OTHER RELATED EVENTS. 11409187 1 1 0 1 0 0 0 1 0 1 1 1 0 0 0 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 67 0 1 127 1 0 0 0 0 0 0 0 0 0 0 X 50 50 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 TRUSTEE 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 UNTIL 05/2022 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 SECOND VICE-PRESIDENT 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 JULIA 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 SUZY WAHBA TRUSTEE AS OF 04/2022 2.00 X 0 0 0 DOROTHEA GREEN TRUSTEE AS OF 11/2022 1.00 X 0 0 0 MARK ROSENBLUM COO / CFO 40.00 X 264901 0 12012 FRANKLIN SIRMANS EXECUTIVE DIRECTOR 40.00 X 631194 0 11524 M THERESE VENTO GENERAL COUNSEL 40.00 X 196805 0 12391 EMMA HEALD DIRECTOR OF DEVELOPMENT 40.00 X 138658 0 10052 JAY MOLLICA DIRECTOR OF DIGITAL ENGAGEMENT 40.00 X 109152 0 9827 CANDY MARIE VICKLES DIRECTOR OF EDUCATION 40.00 X 103401 0 9082 1444111 0 64888 6 1 1 0 ALLIED UNIVERSAL 161 WASHINGTON STREET 600 CONSHOHOCKEN PA 19428 SECURITY 1017931 ARTEA PRODUCOES LLC 2975 SW 79TH AVE MIAMI FL 33155 EXHIBITION INSTALLATION SERVICES 640410 CENTURY RISK ADVISORS 1900 NW CORPORATE BLVD STE 400E BOCA RATON FL 33431 INSURANCE BROKER 534238 CONSTELLATION CULINARY GROUP 667 N BROAD STREET PHILADELPHIA PA 19123 CATERING SERVICES 447200 CROZIER FINE ARTS INC 525 WEST 20TH STREET NEW YORK NY 10011 ART STORAGE AND SHIPPING 434377 18 338357 394549 7447747 6551271 70746 14731924 ADMISSIONS 900090 1186271 1186271 TRAVEL AND TOURS 900090 81797 81797 1268068 540373 540373 330692 330692 1199059 160535 1038524 1038524 1038524 28812021 30337831 -1525810 -1525810 -1525810 630824 394549 630824 0 735324 438767 296557 296557 PARKING - BENEFIT OF PATRONS 812930 1174638 1174638 OTHER INCOME 900099 196005 196005 DEVELOPMENT PROGRAMS 900099 5000 5000 1375643 18055971 2744263 0 579784 1128826 541161 404375 183290 3965033 1900844 1420379 643810 22681 10873 8125 3683 500572 239975 179318 81279 298954 143319 107093 48542 180665 66142 60353 54170 113738 41640 37995 34103 57681 21117 19269 17295 101506 101506 1308797 621860 368542 318395 352876 255378 97498 247377 155916 61112 30349 507706 300488 188958 18260 952324 952324 1717380 1211905 472943 32532 190904 116576 26969 47359 86181 25861 59499 821 3046177 1919091 1066162 60924 826968 467077 276972 82919 ART COLLECTION 1185350 1185350 SECURITY 970062 765607 169933 34522 PARKING AND VALET 348558 358 348173 27 REFRESHMENTS AND CATERI 298541 67251 18809 212481 783357 399074 208120 176163 19192214 11409187 5702103 2080924 6678151 1562456 8038426 7599305 16519883 9087188 515751 617082 401893 327744 382538 760063 136386425 29086565 109316505 107299860 24194217 24581111 4429401 3693343 170476765 155528152 1160352 2492625 4667439 2008111 7830000 0 818937 0 36197 0 14512925 4500736 X 118288602 120298944 37675238 30728472 155963840 151027416 170476765 155528152 -1136243 -3800181 0 X 0 1 X 1 0 X 6983508 13405930 12205909 15474481 14731924 62801752 6983508 13405930 12205909 15474481 14731924 62801752 62801752 834242 1458968 910598 1161000 2070124 6434932 628029 2331506 645254 1500538 2105967 7211294 76447978 0.82150 0.82070 X PART II LINE 10 REVENUE FROM SALE OF INVENTORY - $735,324 PARKING - $1,174,638 OTHER INCOME - $196,005 DEVELOPMENT PROGRAMS - $5,000 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, IN SUPPORT OF THE MUSEUM. X X X X 0 34249836 4879585 -3918409 35211012 30262259 1493010 2517664 34249836 27758296 551245 1952718 30262259 24356313 1319236 2632747 550000 27758296 25642974 12800 -1299461 24356313 0.20421 0.79579 0 0 125780063 23825905 101954158 4917036 3724400 1192636 5689326 1536260 4153066 107299860 EQUITY SECURITIES FUNDS 17025631 F FIXED INCOME FUNDS 4620273 F ALTERNATIVE ASSETS 2935207 F 24581111 X 15666847 -3800181 913261 599302 -2287618 17954465 101506 101506 18055971 20603271 913261 599302 1512563 19090708 101506 101506 19192214 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 438,767. RENTAL EXPENSES REPORTED NET 160,535. PART XII, LINE 2D - OTHER ADJUSTMENTS: COGS REPORTED NET 438,767. RENTAL EXPENSES REPORTED NET 160,535. 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, 2022, THE MUSEUM'S COLLECTION CONSISTS OF 3,366 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 1025373 394549 630824 66790 158924 2550 402560 1025373 394549 630824 66790 158924 2550 402560 630824 0 X X X X X X 0 0 0 0 0 0 0 0 0 FRANKLIN SIRMANS EXECUTIVE DIRECTOR 531194 0 100000 0 0 0 2196 0 9328 0 642718 0 0 0 MARK ROSENBLUM COO / CFO 239901 0 25000 0 0 0 2564 0 9448 0 276913 0 0 0 M THERESE VENTO GENERAL COUNSEL 196805 0 0 0 0 0 1965 0 10426 0 209196 0 0 0 X FOOD/BEVERAGE 10 70746 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 COMPENSATION COMMITTEE 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.