2021-08-12T08:06:25-05:00 2021-03-31 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2020-04-01 133453405 TATE AMERICAS FOUNDATION TATE 2126432818 520 WEST 27TH STREET UNIT 404 NEW YORK NY 10001 CATHERINE CARVER DUNN EXECUTIVE DIRECTOR 2126432818 2021-08-12 1 CATHERINE CARVER DUNN XXX-XX-XXXX AARON M FOX P01365820 2022274000 2021-08-11 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z CATHERINE CARVER DUNN 520 WEST 27TH STREET UNIT 404 NEW YORK NY 10001 24798308 0 X WWW.TATEAMERICAS.ORG X 1987 NY TO PROVIDE SUPPORT, IN THE FORM OF GRANTS OF ARTWORK, FUNDING & OTHER SUPPORT FOR TATE. 13 13 3 13 0 0 12934514 20967397 1263934 1019129 1091251 462691 -67229 10423 15222470 22459640 9768395 12849062 0 0 668160 668365 0 0 269893 730181 275994 11166736 13793421 4055734 8666219 86214339 100649437 118154 177323 86096185 100472114 TO PROVIDE SUPPORT, IN THE FORM OF GRANTS OF ARTWORK, FUNDING & OTHER SUPPORT FOR THE BENEFIT OF TATE IN UK. 0 0 13100729 12849062 1019129 TATE AMERICAS FOUNDATION (THE FOUNDATION) REMAINED SUPPORTIVE OF THE TATE IN ENGLAND BY ACQUIRING WORKS OF ART BY ACQUISITION OR GIFT TO LEND TO THE TATE. IN ADDITION, THE FOUNDATION CONTINUES TO MANAGE AN ENDOWMENT FUND FOR THE LONG TERM BENEFIT OF THE TATE COLLECTION OF ART FROM NORTH AND LATIN AMERICA. 13100729 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 1 3 0 1 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X CATHERINE CARVER DUNN 2126432818 520 WEST 27TH STREET UNIT 404 NEW YORK NY 10001 CATHERINE CARVER DUNN EXECUTIVE DIRECTOR 35.00 5.00 X 350000 0 15826 DANIEL SCHAEFFER HEAD OF DEVELOPMENT 35.00 5.00 X 107363 0 17018 ROBERT RENNIE PRESIDENT - AS OF 05/2020 2.00 1.00 X X 0 0 0 PAUL BRITTON CHAIR OF THE BOARD - AS OF 05/2020 2.00 1.00 X X 0 0 0 ABIGAIL BARATTA TRUSTEE 1.00 1.00 X 0 0 0 EUGENIA BRANIFF TRUSTEE 1.00 1.00 X 0 0 0 ESTRELLITA BRODSKY TRUSTEE 1.00 1.00 X 0 0 0 PAMELA JOYNER TRUSTEE 1.00 1.00 X X 0 0 0 CHRISTIAN KEESE TRUSTEE AS OF 11/2020 1.00 1.00 X 0 0 0 WENDY FISHER TRUSTEE 1.00 1.00 X 0 0 0 GLENN FUHRMAN TRUSTEE 1.00 1.00 X 0 0 0 JAY RIVLIN TRUSTEE 1.00 1.00 X 0 0 0 CHARLOTTE SANTO DOMINGO TRUSTEE AS OF 11/2020 1.00 1.00 X 0 0 0 KIMBERLY SHIRLEY TRUSTEE 1.00 1.00 X 0 0 0 JAY SMITH TRUSTEE 1.00 1.00 X 0 0 0 457363 0 32844 2 0 1 0 0 77500 20889897 17384022 20967397 MEMBERSHIP DUES 900099 1019129 1019129 1019129 320431 320431 2480928 2338668 142260 142260 142260 FOREIGN CURRENCY GAINS 900099 10423 10423 10423 22459640 1019129 0 473114 12849062 12849062 365709 91427 73142 201140 216300 97262 114976 4062 6573 2519 2769 1285 45323 14709 16657 13957 34460 11223 11223 12014 23154 23154 71112 71112 25685 25685 49833 21615 6603 21615 14973 14885 88 19387 2770 13830 2787 25446 3817 17812 3817 2565 2565 19718 2958 13802 2958 10339 3367 3367 3605 BAD DEBT EXPENSE 13782 13782 13793421 13100729 422799 269893 502766 2297157 2812269 2492996 1500350 386546 7839 7898 2006382 651249 1374851 1355133 15016485 19250534 3473488 3858385 61526291 71000788 86214339 100649437 118154 63881 0 77500 0 35942 118154 177323 X 64702567 69933145 21393618 30538969 86096185 100472114 86214339 100649437 8666219 5709710 0 X 0 1 X 1 0 X 15535752 13662517 7603664 12934514 20967397 70703844 15535752 13662517 7603664 12934514 20967397 70703844 26926881 43776963 589925 866700 453319 483193 320431 2713568 131311 2527 133838 2482 213 994 3689 73554939 3566158 0.59520 0.63210 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2016 AMOUNT: $ 0. 2017 AMOUNT: $ 2,482. 2018 AMOUNT: $ 213. 2019 AMOUNT: $ 994. 2020 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17384022 70987288 X X X X X DONATION TO MUSEUMS 0 18459274 462839 6143576 452390 24613299 20940544 -890994 1590276 18459274 21241817 1252198 1553471 20940544 20467333 1554484 780000 21241817 0.30920 0.69080 0 0 288108 288108 1568072 503794 1064278 150202 147455 2747 1355133 WORKS OF ART 70987288 DUE TO TATE 13500 71000788 ACQUISITIONS PAYABLE 35942 35942 X 28143665 5709710 5709710 22433955 25685 25685 22459640 13767736 0 13767736 25685 25685 13793421 PART III, LINE 4: THE FOUNDATION HAS A COLLECTION OF OVER 200 WORKS OF ART CONSISTING OF PAINTINGS, DRAWINGS, AND PRINTS CREATED BY CONTEMPORARY ARTISTS. THE WORKS OF ART WITHIN THE COLLECTION WERE ACQUIRED BY EITHER DONATION FROM INDIVIDUALS OR THROUGH PURCHASE FROM ART GALLERIES AND AUCTION HOUSES. SEE PART III, LINE 1 OF FORM 990, WHICH DESCRIBES THE FOUNDATION'S EXEMPT PURPOSE MISSION. PART V, LINE 4: THE FOUNDATION'S ENDOWMENT IS COMPOSED OF A SINGLE DONOR-RESTRICTED ENDOWMENT FUND CONTRIBUTED IN 1988, SOLELY FOR THE BENEFIT OF TATE GALLERY IN LONDON. PART X, LINE 2: THE FOUNDATION PERFORMED AN EVALUATION OF UNCERTAINTY IN INCOME TAXES FOR THE YEAR ENDED MARCH 31, 2021, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. PART V, LINE 1 THE FOUNDATION IS REPORTING THE ENDOWMENT FUND ON A GOING FORWARD BASIS TO AGREE WITH THE AUDITED FINANCIAL STATEMENTS. 1 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 GRANTMAKING 12849062 0 0 0 0 0 0 12849062 0 12849062 EUROPE (INCLUDING ICELAND & GREENLAND) TO PROVIDE FUNDING SUPPORT FOR THE BENEFIT OF THE TATE GALLERIES IN UK 4351122 WIRE 8497940 ARTWORK APPRAISAL 1 0 0 0 1 0 0 0 PART I, LINE 2: THE FOUNDATION'S BOARD OF TRUSTEES APPROVES ALL OF THE GRANTS MADE AND HAS PROCEDURES IN PLACE WITH THE TATE MUSEUM TO MONITOR THE USE OF ALL OF THE GRANTS GIVEN. PART I, LINE 3: EXPENDITURES ARE ACCOUNTED FOR ON THE ACCRUAL BASIS OF ACCOUNTING. PART III ACCOUNTING METHOD: X X 0 0 0 0 0 0 0 0 0 CATHERINE CARVER DUNN EXECUTIVE DIRECTOR 350000 0 0 0 0 0 5000 0 10826 0 365826 0 0 0 X 5 17384022 FMV 0 0 0 PART I, COLUMN (B): THIS COLUMN REPRESENTS THE ACTUAL NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION EMAILS COPIES OF THE FEDERAL FORM 990 TO ALL TRUSTEES FOR THEIR REVIEW AND COMMENTS BEFORE THE FORM 990 IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THEIR WRITTEN CONFLICT OF INTEREST POLICY. TRUSTEES ARE GIVEN CONFLICT OF INTEREST POLICY BEFORE THE SPRING BOARD MEETING AND EACH DIRECTOR, OFFICER, MEMBER OF A COMMITTEE WITH POWERS DELEGATED BY THE BOARD, AND KEY EMPLOYEE ANNUALLY SIGNS THE STATEMENT WHICH AFFIRMS SUCH PERSON: - HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY - HAS READ AND UNDERSTANDS THE POLICY - HAS AGREED TO COMPLY WITH THE POLICY, AND - UNDERSTANDS THE ORGANIZATION IS TAX-EXEMPT AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15A THE TRUSTEES AT THE BOARD OF TRUSTEES MEETINGS DISCUSS AND APPROVE ALL COMPENSATION PAID TO ALL EMPLOYEES. IN 2018, THE FOUNDATION STARTED A PROCESS BY WHICH IT RETAINS A COMPENSATION CONSULTANT TO DO A COMPREHENSIVE ANALYSIS OF THE EXECUTIVE DIRECTOR'S COMPENSATION. THE FOUNDATION WORKED WITH THE HIGHLY QUALIFIED FIRM, F.W. COOK, WHICH PROVIDED A REPORT TO THE FOUNDATION'S BOARD IN 2018. THE FOUNDATION INTENDS TO HAVE THIS ANALYSIS COMPLETED EVERY TWO TO THREE YEARS ON A CYCLE RECOMMENDED BY F.W. COOK AND THE FOUNDATION'S INDEPENDENT AUDITORS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION WILL EMAIL COPIES OF THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST. AMERICAN PATRONS OF THE TATE GALLERY FDT 520 WEST 27TH STREET UNIT 404 NEW YORK NY 10001 133421353 FUNDRAISING NY 501(C)(3) LINE 7 TATE AMERICAS FOUNDATION 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0