2022-11-14T15:03:26-06:00 2021-12-31 010494526 Baker Newman & Noyes PO Box 507 Portland ME 04112 990PF 2021-01-01 046155696 The Art Complex Inc ARTC 7819346634 189 Alden Street PO Box 2814 Duxbury MA 02331 Charles Weyerhaeuser President/Trustee/Member 7819346634 2022-11-11 1 Charles Weyerhaeuser 999009999 Connor Smart P02285543 2078792100 2022-11-11 0 AAL1 IAL1 2021 2022-09-23 18:48:47Z X 42808809 X 1759681 19 19 19 861268 943907 861268 11196 11196 11196 11196 1620558 4705357 1580763 203638 280420 208925 280420 4533142 2744810 1356541 120598 0 120598 0 276954 0 276954 0 34108 0 34108 0 12833 0 12833 0 40454 0 40454 0 119151 104302 119151 0 19460 19460 19460 0 349572 0 349572 0 107 0 107 0 124986 0 -850570 959883 1098223 123762 122667 959883 0 0 1098223 123762 122667 959883 3434919 2621048 1233874 101853 85708 85708 929352 1496117 1496117 0 11689475 11689475 0 10713302 10713302 33007392 11141660 11141660 7682547 3964572 7682547 7682547 7906548 0 0 45909717 42808809 42808809 16687 613 0 613 16687 X 45909104 42789338 2784 45909104 42792122 45909717 42808809 45909104 3434919 1354647 50698670 7906548 42792122 Publicly Traded Securities - Long-Term P 2282003 1811282 470721 470721 Publicly Traded Securities - Short-Term P 1235643 1032005 203638 203638 Capital Gain Dividends - Tax Basis P 1110266 1110266 1110266 Capital Gains from Partnership Interests P 77125 77125 77125 Disposals of Fixed Assets P 320 281307 -280987 -280987 1580763 203638 36433 0 36433 0 36433 2237 0 70000 0 72237 X 794 35010 35010 0 0 0 0 0 0 0 0 0 1 1 0 1 1 MA 1 1 0 0 0 1 artcomplex.org Charles Weyerhaeuser 7819346634 189 Alden Street PO Box 2814 Duxbury MA 02331 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Charles A Weyerhaeuser 189 Alden Street PO Box 2814 Duxbury MA 02331 President/Trustee/Member 40.00 120598 0 0 Kelli Bentinck-Smith 189 Alden Street PO Box 2814 Duxbury MA 02331 Board Member 0.15 0 0 0 Gregory Piasecki 189 Alden Street PO Box 2814 Duxbury MA 02331 Board Member 0.15 0 0 0 E Rodman Titcomb Jr 189 Alden Street PO Box 2814 Duxbury MA 02331 Board Member 0.15 0 0 0 Henry Weyerhaeuser 189 Alden Street PO Box 2814 Duxbury MA 02331 Board Member 0.15 0 0 0 Roya Weyerhaeuser 189 Alden Street PO Box 2814 Duxbury MA 02331 Board Member 0.15 0 0 0 Carrie W Farmer 189 Alden Street PO Box 2814 Duxbury MA 02331 Trustee/Board Member 0.15 0 0 0 M Britain Rothrock 189 Alden Street PO Box 2814 Duxbury MA 02331 Trustee/Board Member 0.15 0 0 0 Ian Weyerhaeuser 189 Alden Street PO Box 2814 Duxbury MA 02331 Trustee/Board Member 0.15 0 0 0 Andrew Bentinck-Smith 189 Alden Street PO Box 2814 Duxbury MA 02331 Vice President/Trustee/Board Member 0.15 0 0 0 Joseph S Micallef 189 Alden Street PO Box 2814 Duxbury MA 02331 Treasurer/Trustee/Board Member 0.15 0 0 0 Justin Weyerhaeuser 189 Alden Street PO Box 2814 Duxbury MA 02331 Asst. Treasurer/Trustee/Board Member 0.15 0 0 0 Nancy B Gardiner 189 Alden Street PO Box 2814 Duxbury MA 02331 Clerk 0.15 0 0 0 Michele Bria 189 Alden Street PO Box 2814 Duxbury MA 02331 Assistant Clerk 0.15 0 0 0 Julia Courtney 189 Alden Street PO Box 2814 Duxbury MA 02331 Collections Curator 40.00 70852 0 0 Mary Curran 189 Alden Street PO Box 2814 Duxbury MA 02331 Assistant to the Dir 40.00 54551 0 0 0 Turner Construction Company 157 Berkeley Street Boston MA 02116 Construction and Renovations 2789871 Oudens Ello Architecture LLC 46 waltham Street 4A Boston MA 02118 Architect and Design 349563 William Thomas 189 Alden Street PO Box 2814 Duxbury MA 02332 Grounds, Maintenance, and Repairs 248575 Anderson Landscape Construction 6 Beverly Drive Sterling MA 01564 Landscaping and Construction 204066 TG Gallagher 309 Waverly Oaks Road 200 Waltham MA 02452 Mechanical Contractor 162268 4 The Art Complex Museum, located in the historic town of Duxbury, Massachusetts, 33 miles south of Boston, serves as a regional art center and houses the impressive collection of the Carl A. Weyerhaeuser family. In addition to a gallery for rotating objects from the permanent collection, and exhibition spaces that feature painting, sculpture, prints and craft objects created by contemporary artists, the Museum also houses the Carl A. Weyerhaeuser Reference Library of over 5,000 publications, which is located on the grounds is a Japanese tea hut, itself part of the Museum's Asian collection. The Museum offers a year-round schedule of exhibitions, lectures, concerts, classes, education programs, demonstrations, and tea ceremonies, fulfilling the founders' vision that their family's many interests be shared with the community. This unique venue truly offers visitors an inviting place for viewing and learning about art in an intimate and comfortable setting. 4912947 0 31212057 2748897 1745226 35706180 0 0 35706180 535593 35170587 1758529 X 959883 0 4006622 4966505 1974-03-08 X 1233874 856938 945099 984644 4020555 1048793 728397 803334 836947 3417472 4966505 1556482 1252415 1058894 8834296 0 0 0 0 0 4966505 1556482 1252415 1058894 8834296 0 0 1172353 960908 985365 992383 4111009 0 0 0 0 Charles A Weyerhaeuser X 0 0 14 19 14 861268 16 11196 18 1620558 Pass-through investment income 525990 50884 208925 (Adjustment for amount per book) 19516 Education and Museum Programs 1095 50884 2721482 1095 2773461 11a The Art Complex does not charge admission for exhibitions. Therefore, the Organization receives only a very small amount of its annual revenues directly from its educational and museum programs. Proceeds from educational activities are used to defray the cost of exhibitions and, to the extent available, to contribute to expenses for operating the Foundation's Museum and related educational activities. 0 0 0 0 0 0 0 0 0 0 X X 1 Directors of Confluence Foundation 30 East Seventh Street Suite 2000 St Paul MN 55101 1717592 X 2 Cherbec Advancement Foundation 30 East Seventh Street Suite 2000 St Paul MN 55101 40000 X Accounting Fees 40454 0 40454 0 Prior Period Adjustments Form 990-PF, Part III, Lines 3 and 5 In conformity with industry practice, art collection items are not recorded in the accompanying statement of assets, liabilities and net assets - modified cash basis. The Organization's art collection is cataloged, preserved, and cared for continuously. The value of the objects acquired, for which the Organization can make a reasonable estimate, totaled $7,913,888 at December 31, 2021.In reviewing the accounting treatment of its art collection during the year ended December 31, 2021, the Organization determined it had applied inconsistent accounting for the recognition and measurement of acquired art. The Organization adopted the accounting policy to not reflect art collection items in its financial statements and has restated its previously issued 2020 financial statements in order to record the accounting effect of removing the art collection from the statement of assets, liabilities and net assets - modified cash basis.The net effect on the Organization's previously issued 2020 financial statements for these items resulted in a decrease of net assets of $7,906,548.In addition, the Organization posted some nominal expense adjustments to its financial statements for the 2021 tax year, as part of the Organization's efforts to correct prior period accounting. 100582.638 Units Guggenheim Total Return Bond Fund 2872640 2872640 165597.939 Units Pimco All Asset Inst Class (PAAIX) 2114686 2114686 240709.928 Units Pimco Income Fund Institutional Fund 2874077 2874077 125468.5 Units Performance Trust Strategic Bond 2851899 2851899 87663.175 Units AQR Emerging Multi Style II CL R6 1046696 1046696 38903.211 Units Baron Small Cap Fund (BSCFX) 1472097 1472097 31881.352 Units WCM Focused Emerging Markets Fund 595225 595225 147972.911 Units Royce Pennsylvania Mutual INVST 1427939 1427939 39834.362 Units Vanguard Primecap Core Fund Investor 1339630 1339630 43382.345 Units Vanguard Selected Value Investor 1329669 1329669 25050.753 Units Vanguard Emerging MKTS STK Index 781082 781082 6501.473 Units Vanguard 500 Index Admiral (VFIAX) 2859543 2859543 85.301 Units Primecap Odyssey Stock Fund (POSKX) 3423 3423 24861.971 Units Clearwater Select Equity Fund 491273 491273 2394 Units Weyerhaeuser Co. MTN BE Company New 98585 98585 4057 Units Potlatchdeltic Corporation 244313 244313 251612.746 Units Clearwater International Fund FMV 5319093 5319093 45775.756 Units Third Avenue Real Estate Value Fund Z FMV 1253340 1253340 8369.726 Units Vanguard Real Estate Index Admiral FMV 1374895 1374895 135051.8 Units William (WMCIX) Blair Macro Allocation FMV 1449106 1449106 Spell Capital Messanine SBIC FMV 518970 518970 Spell Capital Messanine SBIC II FMV 1226256 1226256 Buildings 7379901 0 7379901 7379901 Furniture, fixtures, and equipment 291800 0 291800 291800 Land 10846 0 10846 10846 Legal Fees 12833 0 12833 0 Art Collection 7906548 Prior period adjustment for art collection 7906548 Insurance 57012 0 57012 0 Office Expenses 23281 0 23281 0 IT Support 284 0 284 0 Advertising and Media 529 0 529 0 Education and Museum Programs 33778 0 33778 0 Security 10102 0 10102 0 Accrual to Cash Adjustment 0 0 0 -15673 Charitable Expenditures in Excess of Income 0 0 -975556 975556 Pass-through investment income 259809 208925 259809 (Adjustment for amount per book) 19516 19516 Education and Museum Programs 1095 1095 Unrealized gains/(loss) on investments 1286904 Book-to-tax adjustment for expenses 41761 Excise tax refundable 25982 Credit Card Payables 613 0 Consulting Fees 26443 0 26443 0 Inventment Advisory Fees 92708 104302 92708 0 Foreign Investment Taxes 19460 19460 19460 0