2022-06-07T06:33:27-05:00 2022-01-31 010523282 Berry Dunn McNeil & Parker LLC 2211 Congress St Portland ME 04102 990 2021-02-01 010378420 Portland Museum of Art PORT 2077756148 7 Congress Square Portland ME 04101 Cyrus Y Hagge President 2077756148 2022-06-06 1 Cyrus Hagge 999009999 Joseph R Byrne P01289281 2077752387 2022-06-06 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z Mark HC Bessire 7 Congress Square Portland ME 04101 20300456 0 X www.portlandmuseum.org X 1882 ME Museum/Educational 41 41 124 244 0 0 11194861 11968731 278479 575260 -1336432 2430159 295520 -30415 10432428 14943735 200000 0 0 0 4772492 5250372 0 0 1481956 3071956 3060053 8044448 8310425 2387980 6633310 75826769 80943872 2629955 1245870 73196814 79698002 X Art for All. The Portland Museum of Art seeks to create an inclusive space that champions open expression and makes art accessible to all. 1 0 1232957 133815 Educational Programs: Create outstanding educational programs and collection-based activities to inspire and enrich the lives of diverse audiences and serve as a vital cultural center for the city and region (35,005 participants in 2021). 4456408 441445 Exhibitions and Collections: Originate outstanding exhibitions from PMA's permanent collection and through borrowed works of art. Present traveling exhibitions that support and extend PMA's mission. Preserve, document, and interpret over 18,000 objects in the collection and five architectural landmarks (93,087 visitors in 2021). 103365 Collection Items Purchased: 29 works of art were purchased for PMA's collection in 2021, providing new opportunities for visitors and the community to experience original work. 5792730 1 1 0 0 0 0 0 1 0 1 1 1 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 1 1 0 0 0 1 0 0 0 1 X 82 0 1 124 1 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 X 41 41 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X X Elena Henry 2077756148 7 Congress Square Portland ME 04101 Cyrus Y Hagge President 10.00 0.00 X X 0 0 0 Eileen T Gillespie Vice President 10.00 0.00 X X 0 0 0 Amy H Woodhouse Chair 10.00 0.00 X X 0 0 0 Kenneth A Blaschke Treasurer 10.00 0.00 X X 0 0 0 Christina F Petra Secretary 10.00 0.00 X X 0 0 0 Kyo Bannai Trustee 3.00 0.00 X 0 0 0 Katherine MB Berger Trustee 3.00 0.00 X 0 0 0 Paige A Carter Trustee 3.00 0.00 X 0 0 0 Nathan J Clark Trustee 3.00 0.00 X 0 0 0 Lila Hunt Davies Trustee 3.00 0.00 X 0 0 0 Joseph R Foley Trustee 3.00 0.00 X 0 0 0 Robert R Gould Trustee 3.00 0.00 X 0 0 0 Jocelyn R Handy Trustee 3.00 0.00 X 0 0 0 Erik K Hayward Trustee 3.00 0.00 X 0 0 0 Sharyn M Howell Trustee 3.00 0.00 X 0 0 0 John F Isacke Trustee 3.00 0.00 X 0 0 0 Elizabeth A Jabar Trustee 3.00 0.00 X 0 0 0 Suzanne C Kohlberg Trustee 3.00 0.00 X 0 0 0 Susie Konkel Trustee 3.00 0.00 X 0 0 0 Bree A LaCasse Trustee 3.00 0.00 X 0 0 0 Judy Glickman Lauder Trustee 3.00 0.00 X 0 0 0 Leeann M Leahy Trustee 3.00 0.00 X 0 0 0 Andy Lilienthal Trustee 3.00 0.00 X 0 0 0 Elizabeth T McCandless Trustee 3.00 0.00 X 0 0 0 Karen L McDonald Trustee 3.00 0.00 X 0 0 0 Dimitri M Michaud Trustee 3.00 0.00 X 0 0 0 Marcia Minter Trustee 3.00 0.00 X 0 0 0 Rodney D Moore Trustee 3.00 0.00 X 0 0 0 Mark J Morrissette Trustee 3.00 0.00 X 0 0 0 Jane Parker Trustee 3.00 0.00 X 0 0 0 Alexander E Porteous Trustee 3.00 0.00 X 0 0 0 Mika K Reynolds Trustee 3.00 0.00 X 0 0 0 Christopher N Robinson Trustee 3.00 0.00 X 0 0 0 Theresa Secord Trustee 3.00 0.00 X 0 0 0 Jack Soley Trustee 3.00 0.00 X 0 0 0 Stewart Strawbridge Trustee 3.00 0.00 X 0 0 0 Troy Trejo Trustee 3.00 0.00 X 0 0 0 Joan Carpenter Troccoli Trustee 3.00 0.00 X 0 0 0 Heather Veitch Trustee 3.00 0.00 X 0 0 0 Karen B Watson Trustee 3.00 0.00 X 0 0 0 William B Williamson Trustee 3.00 0.00 X 0 0 0 Danielle M Conway Past Trustee 3.00 0.00 X 0 0 0 Alexander D Fisher Past Trustee 3.00 0.00 X 0 0 0 Jeffrey D Kane Past Trustee 3.00 0.00 X 0 0 0 John P Moore Past Trustee 3.00 0.00 X 0 0 0 William J Ryan Jr Past Trustee 3.00 0.00 X 0 0 0 Anna H Wells Past Trustee 3.00 0.00 X 0 0 0 Mark H C Bessire Director 40.00 0.00 X 406432 0 56956 Elena Henry Deputy Director & CFO 40.00 0.00 X 215187 0 18117 Elizabeth F Jones Senior Deputy Director 40.00 0.00 X 200640 0 5226 Shalini Le Gall Chief Curator 40.00 0.00 X 106731 0 3435 928990 0 83734 4 0 1 0 McCloskey Mina Cunniff & Frawley LLC 12 City Center Portland ME 04101 Legal Services 369782 Bernstein Shur 100 Middle Street PO Box 9729 Portland ME 041045029 Legal Services 130415 2 610756 2920461 8437514 984398 11968731 Admissions 713990 441445 441445 Program Revenues 713990 133815 133815 575260 508663 508663 6845201 4923705 1921496 1921496 1921496 402601 433016 -30415 -30415 14943735 575260 0 2399744 696693 231694 372321 92678 3736587 2695734 247276 793577 52367 33419 7196 11752 436075 318411 30026 87638 328650 230566 34251 63833 86593 86593 35330 35330 112489 112489 384423 320899 1307 62217 184486 158207 26279 131463 60116 45306 26041 239065 115136 49066 74863 369677 350433 3456 15788 16720 15840 268 612 8219 4270 2198 1751 521387 491446 4893 25048 115167 108768 3763 2636 Exhibition & Collection 418680 418680 Fundraising 197243 197243 Education 135746 135746 Acquisition of Art 103365 103365 8310425 5792730 1035739 1481956 X 2641263 4438373 1359315 1223271 3780507 2673638 816189 1383996 123118 96553 378311 296961 37232941 16694296 20201043 20538645 15280040 15340986 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112489 14943735 8633452 2500 433016 435516 8197936 112489 112489 8310425 Part III, Line 1a: The art collection is reflected in the plant fund at a nominal value. The cost of a collection item is recorded as a decrease in net assets when purchased. The proceeds from the sale of a collection item are recorded as an increase in net assets when sold. During 2021, The PMA adopted FASB Accounting Standards Update (ASU) No. 2019-03, Not-for-Profit Entities (Topic 958), which improves the definition of collections to align U.S. GAAP with the definition contained in the American Alliance of Museums Code of Ethics for Museums. The collection is managed according to a policy which adheres to the standards of the American Alliance of Museums. The policy delineates responsibilities in such matters as museum ethics, acquisitions, loans, care of collections, and deaccessioning. Objects held in the collection are carefully tracked and monitored. The PMA's deaccessioning policy allows for sale or trade of an object only when it is incompatible with the PMA's collecting mission and when clear and complete title to the work is confirmed. Part III, Line 4: The art collection includes more than 18,000 objects and represents significant holdings of American, European, and contemporary art, as well as iconic works from Maine--highlighting the rich artistic tradition of the state and its artists. The collection includes paintings, sculpture, prints, photographs, glass, ceramics, furniture, silver, artists' books and other media, and is highlighted by works by George Bellows, Max Beckmann, Katherine Bradford, David Moses Bridges, Marc Chagall, Frederic Church, Gustave Courbet, Stuart Davis, Edgar Degas, Lois Dodd, Leonardo Drew, David Driskell, Richard Estes, Lauren Fensterstock, Jeremy Frey, Jeffrey Gibson, Nan Goldin, John Haberle, Marsden Hartley, Childe Hassam, Winslow Homer, Edward Hopper, Jean Auguste Dominique Ingres, Alex Katz, Rockwell Kent, Yasuo Kuniyoshi, Fitz Henry Lane, Claude Monet, Thomas Moran, Louise Nevelson, John Frederick Peto, William Pope.L, Pierre Auguste Renoir, Tim Rollins & K.O.S., John Singer Sargent, Theresa Secord, Kara Walker, Andrew Wyeth, N.C. Wyeth, Betty Woodman, and Marguerite Thompson Zorach. The PMA is accredited by the American Alliance of Museums and adheres to best practices in developing and managing these works of art in the public trust. Part V, Line 4: PMA's intended use of endowment funds is for general operations, education, maintenance of collection and buildings, acquisition of art for the collection, wages, and other related expenses. Part XI, Line 2d - Other Adjustments: PMA Store Expenses 433,016. Part XII, Line 2d - Other Adjustments: PMA Store Expenses 433,016. X X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 Mark H C Bessire Director 406432 0 0 0 0 0 37050 0 19906 0 463388 0 0 0 Elena Henry Deputy Director & CFO 215187 0 0 0 0 0 5181 0 12936 0 233304 0 0 0 Elizabeth F Jones Senior Deputy Director 200640 0 0 0 0 0 4513 0 713 0 205866 0 0 0 Part I, Line 1a PMA paid $2,504 for a membership fee and dues to Portland's Cumberland Club, for Mark H.C. Bessire, Director. The Cumberland Club is adjacent to the Portland Museum of Art, and membership allows the Director to host meetings for the purpose of conducting museum business. PMA paid travel expenses for a companion of Mark H.C. Bessire, Director. The amount paid by PMA was not treated as taxable compensation. These expenses were documented and approved by the President of the Board of Trustees as bona fide business expenses. X 44 0 X 23 984398 Stock Market Value 3 0 1 1 Part I, Line 32b: Contributions of securities are sold through PMA's investment brokers. All gifts of securities are sold as soon as administratively possible. The Investment Committee has formally approved an exception to the PMA's Gift Acceptance Policy to allow delaying the sale of securities until donor criteria are met provided the criteria are reasonable and realistic. Part I, Line 33: The art collection is reflected in the plant fund at a nominal value. The cost of a collection item is recorded as a decrease in net assets when purchased. The proceeds from the sale of a collection item are recorded as an increase in net assets when sold. During 2021, the PMA adopted FASB Accounting Standards Update (ASU) No. 2019-03, Not-for- Profit Entities (Topic 958), which improves the definition of collections to align U.S. GAAP with the definition contained in the American Alliance of Museums Code of Ethics for Museums. Form 990, Schedule M, Part I, Column (b): 44 works of art have been accepted into the PMA collection and have not been assigned a value. Form 990, Part III, line 2 In January 2022, the PMA launched a campus reunification project: The PMA Blueprint: Building a Landmark for the Future, including a multi-year, multiphase capital campaign to support the PMA's Art for All mission and defined by the PMA's values of equity, sustainability, and flexibility. A unified and renewed campus will enhance the PMA's mission, welcome visitors from around the corner and across the world, and encourage meaningful connections with artworks, programs, and events. Form 990, Part V, line 3b The Organization is waiting on Schedule K-1s from investment partnerships in order to complete Form 990-T. The Organization will file Form 990-T once this information has been received. Form 990, Part VI, Section A, line 2 Mark H.C. Bessire, Director, and Erik K. Hayward, Trustee, have a business relationship. Form 990, Part VI, Section B, line 11b The Form 990 is reviewed at a meeting of the PMA Audit committee, then distributed to the full Board of Trustees with sufficient time for each trustee to review it. All trustees are invited to ask questions and provide input to either the Audit Committee or the Executive Committee. The 990 is then discussed at a meeting of the Executive Committee of the Board of Trustees, before the Executive Committee votes to accept it. Form 990, Part VI, Section B, line 12c Trustees are asked to fill out a Conflict of Interest form annually. The procedure is outlined in PMA's "Institutional Code of Ethics and Guidelines for Professional Practice" a board-approved policy that is reviewed and signed by each incoming Trustee. Per the policy, in the event a significant conflict of interest appears to be unavoidable, the Trustee shall seek the approval of the Board, or a duly appointed and authorized committee of the Board, prior to engaging in such action, and such approval, if given, shall result in there being no conflict with respect to the contemplated action. Form 990, Part VI, Section B, line 15 Per PMA's Bylaws, the executive committee is authorized to exercise the following specific powers and duties on behalf of the board of trustees: (a) To enter into employment with, and to terminate the employment of, the chief executive officer (the "Director"), to negotiate and enter into employment contracts with the Director subject to final approval by the board of trustees, to annually review the performance of the Director, to determine the Director's annual compensation adjustments and benefits adjustments, to resolve all disciplinary and other issues relating to the Director's employment; (b) To review annually the performance of any other key employees and to resolve all disciplinary and other issues relating to such employees when such tasks are specifically delegated to the executive committee by the board of trustees; The Executive Committee in 2021 developed a new compensation plan and five year contract for the PMA Director. The employment contract began on March 1, 2021 and terminates on February 28, 2026. The compensation plan was developed by an ad hoc committee of the Executive Committee. The ad hoc committee was formed to develop a multi-year plan for approval by the full Executive Committee. The ad hoc committee contracted with Career Management Associates (CMA) to provide guidance as to an appropriate level of compensation. On December 10, 2020, CMA provided a report titled: "Non-Profit Executive Compensation Analysis Report." CMA's report included data compiled from the 990 forms of specific peer group organizations identified by the PMA's board, and also compiled 990 data from a broader set of peers who reported the same nonprofit classification. Using the report's guidelines, the ad hoc committee negotiated with the Director a new five-year contract that provides remuneration within the band of reasonable compensation for a similarly situated museum director. The Executive Committee approved the terms of the new employment agreement and it was accepted by the Director and signed by all parties on November 23, 2021. The Executive Committee in 2021 developed a compensation plan and three year contract for the PMA Senior Deputy Director of Advancement and Sustainability. The employment contract began February 1, 2021 and terminates on January 31, 2024. The compensation plan was developed by an ad hoc committee of the Executive Committee to develop a multi-year plan for approval by the full Executive Committee. The Executive Committee consulted with data provided by Association of Art Museum Directors to provide guidance as to the appropriate level of compensation. In review of salary ranges for Chief Operating Officer, Deputy Director and Director of Development and using the report's guidelines, the Executive Committee approved the 3-year contract that provides remuneration within the band of reasonable compensation for similarly situated senior deputy directors. The Executive Committee approved the terms of the new employment agreement and it was accepted by the Senior Deputy Director and signed by all parties on July 1, 2021. Form 990, Part VI, Section C, line 19 PMA's governing documents, conflict of interest policy, and financial statements are made available to the public upon request. The PMA's audited financial statements are publicly posted on the PMA's website. Form 990, Part X, Line 10: Land, Buildings, and Equipment Section 1.263(a)-3(n) Election: Portland Museum of Art 7 Congress Square Portland, ME 04101 EIN: 01-0378420 Section 1.263(a)-3(n) Election: Portland Museum of Art is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n). Davis Family Foundation 30 Forest Falls Drive Yarmouth ME 04096 010390443 To award grants ME 501(c)(3) Line 12b, II N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0