2020-12-15T12:50:35-07:00 2019-12-31 990 2019-01-01 420680419 EDMUNDSON ART FOUNDATION INC EDMU 5152774405 4700 GRAND AVE DES MOINES IA 50312 Cheryl Tuttle Director of Finance & Operations 5152774405 2020-12-15 2019 2022-09-23 18:48:47Z DES MOINES ART CENTER Jeff Fleming 4700 Grand Ave Des Moines IA 50312 8683081 0 X www.desmoinesartcenter.org X 1946 IA The Des Moines Art Center engages diverse local, national, and international audiences with 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, imagining, dreaming, and creating. We promote curiosity and embrace critical 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. 28 28 132 100 -172254 0 3965346 4035480 481176 419041 3450115 1693132 -64899 1830327 7831738 7977980 0 0 0 0 3698378 3806929 0 0 877942 4743230 5060080 8441608 8867009 -609870 -889029 121950133 124117602 945976 923776 121004157 123193826 The Des Moines Art Center engages diverse local, national, and international audiences with 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, imagining, dreaming, and creating. We promote curiosity and embrace critical 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. 0 0 5522924 0 0 Collections, exhibitions and works of art - Over 300 works of art from the permanent collections are always on display. Examples of our masterpiece-quality works include Claude Monet, Brice Marden, John Singer-Sargent, Francis Bacon, Frank Stella, Cecily Brown, Phillip Guston, Jean Arp, Andy Goldsworthy, Constanin Brancusi, Louise Bourgeois, and Alberto Giacometti. In addition, twelve special exhibitions were presented in 2017. These exhibitions contributed to the dialogues surrounding contemporary art and included Alchemy: Transformations in Gold; Ruptures; and Drawing in Space. We highlighted our permanent collections in smaller shows, such as When the Dog Bites, When the Bee Stings; Wild Life; Giacometti; Studies, Drafts, Sketches; Planetarium; I, Too, am America; Fink/Winogrand; and the Irrational and the Marvelous. Responding to our home state, we presented the Iowa Artist, Yun Shin. We published two major catalogs and several smaller brochures to accompany these projects in addition to a video series highlighting the work in Drawing in Space. Artworks entering the permanent collections came from all corners of the world, showcasing the diversity of our holdings and fulfilling our desire for multiple audiences to "see themselves" in the museum. In 2017, we acquired important works of art through gift and purchase byby Glenn Brown, Elie Nadelman, Rachel Sussman (site specific), Jorge Mendez Blake, the Propeller Group, Wangechi Mutu, Catherine Opie, Sandro Chia, Amy Cutler, Jason Garcia, Yue Minjun, Georg Baselitz, Peter Doig, Grayson Perry, Cornelia Parker, Francesco Clemente, and Grant Wood, among others. Countries represented by these acquisitions include Kenya, Japan, Italy, Spain, Mexico, South Africa, Great Britain, China, Germany, and Vietnam. Open to visitors since September 2009, the John and Mary Pappajohn Sculpture Park features artwork by 28 of the world's most celebrated artists. Related education programs reached thousands of children and adults. 1731540 0 0 Education - The Art Center's public and educational programs are committed to connecting people and art by offering opportunities for feeling, imagining, dreaming. Furthermore, we aim to promote curiosity and embrace critical and empathetic thinking with a spirit of openness, striving to be a welcoming and equitable cultural resource. Our efforts include operating a public art school, engaging in partnerships with more than 30 social and human service organizations, offering on- and off-site school enrichment curricula, creating opportunities for child-centered learning and family engagement, leading guided visits of the museum and Pappajohn Sculpture Park, and hosting varied public events that foster continued learning. Three terms of classes and workshops including animation, ceramics, drawing, jewelry making, painting, photography and more are offered annually and served approximately 3,100 students (children, adults, and families) in 2017. Of those students, approximately 4% (or 130 people) received scholarships. Our art access programs, comprised of six areas of focus, served more than 1,800 youth and adults from under served communities. The areas of focus include curriculum around art and literacy, gender specific issues, multiculturalism, school enrichment, confidence and strength building, and mentor/mentee programs. A few examples of school programming includes teaching the art curriculum for a local private school's seventh and eighth grade students, hosting more than 650 elementary-aged students from five rural school districts in a full day's worth of activities in the museum and art studios, and reaching hundreds of teens through a program called "High School Days" and curriculum for our "Teen and Clay Academies." Entirely Kids is initiative of classes, events, and museum materials encouraging cultural experiences for children and families. The tours and docent programs play an incredibly important role in serving our community, reaching more than 19,000 visitors, of which 5,700 fourth grade students from Des Moines and seven surrounding school districts participate without the burden of transportation costs. Docents receive both preparatory and sustained training around developing skills as facilitator, a listener, and a guide, and strategies for leading visitors in their own learning. Our public programming speaks directly to serving adult learners. In 2017 events ranged from lectures, gallery talks, and film screenings to yoga in the galleries, a collaboration of dance and visual art that took place in our featured exhibition "Ruptures," and two intensive seminars with visiting artists and self-selecting individuals. More than 2,700 people attended these programs. 0 0 0 7254464 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 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 1 112 0 1 132 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X X Cheryl A Tuttle 5152774405 4700 GRAND AVE DES MOINES IA 50312 Jeff Fleming Director 40 0 X 410346 0 29584 Cheryl Tuttle Director of Finance and Operations 40 0 X 148030 0 18700 Andrea Abel Trustee 1 0 X 0 0 0 Pamela Bass-Bookey Trustee 1 0 X 0 0 0 Jeff Chungath Trustee 1 0 X 0 0 0 Richard Deming Trustee 1 0 X 0 0 0 Jason Gross Trustee 1 0 X 0 0 0 Kate Hightshoe Trustee 1 0 X 0 0 0 Ellen Hubbell Trustee 1 0 X 0 0 0 Bruce Hughes Trustee 1 0 X 0 0 0 Raynard Kington Trustee 1 0 X 0 0 0 Mary Kelly Trustee 1 0 X 0 0 0 Dan Keough Trustee 1 0 X 0 0 0 Raynard Kington Trustee 1 0 X 0 0 0 Tom Koehn Trustee 1 0 X 0 0 0 Warren May Trustee 1 0 X 0 0 0 Josh Mandelbaum Trustee 1 0 X 0 0 0 Patricia McFarland Trustee 1 0 X 0 0 0 Renee Montz Trustee 1 0 X 0 0 0 Wayne Reames Trustee 1 0 X 0 0 0 Rosemary Parson Trustee 1 0 X 0 0 0 Craig Shadur Trustee 1 0 X 0 0 0 Sharon Simmons Trustee 1 0 X 0 0 0 Mike Simonson Trustee 1 0 X 0 0 0 Doug West Trustee 1 0 X 0 0 0 Darren Jirsa Vice President 1 0 X 0 0 0 Graham Cook President 2 0 X 0 0 0 Joseph Ceryanec Treasurer 1 0 X 0 0 0 Paula Feltner Secretary 1 0 X 0 0 0 James Wallace Chairperson and Ex-Officio 1 0 X 0 0 0 558376 0 48284 2 0 1 0 0 0 117521 224136 0 22060 3671763 0 4035480 Studio classes & programs 611610 395433 395433 0 0 Sales of commissioned prints 900099 11265 11265 0 0 Reproduction & loan fees 900099 2524 2524 0 0 Sales of exhibition catalogs 900099 9819 9819 0 0 0 0 0 0 419041 1693132 0 0 1693132 0 0 0 0 0 0 0 0 61343 0 140996 0 -79653 0 -79653 0 -79653 0 0 0 237228 224136 243279 -6051 0 -6051 228225 320826 -92601 0 -92601 0 Income from funds held in trust 900099 1927279 0 0 1927279 81353 0 0 81353 2008632 7977980 419041 -172254 3695713 0 0 0 0 0 0 0 0 501030 116490 268050 116490 0 0 0 0 2605436 2081170 150991 373275 45078 27217 9117 8744 456366 331913 47144 77309 199019 142208 25523 31288 0 0 0 0 8310 0 8310 0 33280 0 33280 0 0 0 0 0 0 0 0 0 0 0 155763 107518 31752 16493 257970 194170 0 63800 181947 90237 51161 40549 132852 92147 22288 18417 0 0 0 0 555829 522688 10391 22750 116942 86456 13944 16542 0 0 0 0 36348 10855 21950 3543 0 0 0 0 0 0 0 0 605062 567892 12222 24948 213920 188542 22176 3202 Purchases of works of art 2057430 2057430 0 0 Conservation of works of art 48120 48120 0 0 Program costs, including special exhibitions 561277 546644 0 14633 Entertainment 95030 42767 6304 45959 8867009 7254464 734603 877942 1652043 751849 80195 78401 727860 536060 75300 1250 0 0 0 104161 108199 139343 185531 20375637 16102757 4421438 4272880 52182926 61144092 0 0 0 62566867 57039340 121950133 124117602 478361 318958 0 0 0 183750 0 0 0 0 0 0 0 0 0 0 467615 421068 945976 923776 X 25877158 29104611 95126999 94089215 121004157 123193826 121950133 124117602 -889029 3078698 0 0 0 0 X 0 1 1 0 X 3261724 4631896 2851388 3965146 4035480 18745634 0 0 0 0 0 0 0 0 0 0 0 0 3261724 4631896 2851388 3965146 4035480 18745634 3104000 15641634 3112010 2958567 2881057 3450115 1693132 14094881 -60234 -151559 -120317 -183265 -172254 -687629 0 0 0 0 0 0 32152886 419041 0.48648 0.43040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 X X X X 0 50079303 399906 10252678 0 2236643 0 58495244 54137022 197147 -2174251 0 2080615 0 50079303 47900015 876944 7368657 0 2008594 0 54137022 44356122 634217 4816926 0 1907250 0 47900015 46092781 252305 -255807 0 1733157 0 44356122 0.38 0.4 0.22 0 0 0 0 0 0 19074343 14824560 4249783 0 0 0 0 0 1301294 1278197 23097 0 0 0 0 4272880 Funds held in trust 57039340 57039340 0 Deferred compensation 421068 421068 X 11761780 3078698 0 0 705102 3783800 7977980 0 0 0 7977980 9572111 0 0 0 705102 705102 8867009 0 0 0 8867009 Schedule D, Part III, Line 1 The collections, which were acquired through purchases and contributions since the Foundation's inception, are not recognized as assets on the statements of financial position. Purchases of collection items are recorded as decreases in net assets in the year in which the items are acquired. Contributed collection items are not reflected on the financial statements. Proceeds from deaccessions or insurance recoveries are reflected as increases in the appropriate net asset classes. Schedule D, Part III, Line 4 The mission of the Foundation is to engage diverse local and international audiences with the art of today and to add scholarship to the cultural record. To do so, the Foundation collects works of art in all media from the 19th, 20th, and 21st centuries and provides a setting for public engagement. It focuses on acquiring a seminal work by a significant artist to represent that artist's contributions to the art of our time. The permanent collections comprise over 5,700 works of art, including 3,500 are works on paper spanning seven centuries. Highlights of the collections include exemplary artworks by Francis Bacon, Alberto Giacometti, Edward Hopper, John Singer Sargent, Cecily Brown, Ai Wei, and El Anatsui, among many others. The Foundation stores the objects in its collection in secure, climatecontrolled storage areas and maintains policies and procedures addressing the collections upkeep, as well as other aspects of its management, including accession and deaccession policies. In addition, the Foundation presents approximately 12 exhibitions a year with objects from its permanent collections as well as with artworks on loan. These include one-person or thematic projects that are often accompanied by scholarly publications that place the art and the artists within the dialogues surrounding the art of our time. Exhibition projects regularly travel to other museums across the country. Schedule D, Part V, Line 4 The Foundation's endowment consists of several individual funds established for a variety of purposes and includes both donor restricted endowment funds and funds designated by the board of trustees (the Board) to function as endowments. As required by GAAP, net assets associated with endowment funds, including funds designated by the Board to function as endowments, are classified and reported based on the existence or absence of donor imposed restrictions. Schedule D, Part X, Line 2 The Foundation is a tax exempt organization as described in Section 501(c)(3) of the Internal Revenue Code. As such, the Foundation is subject to federal and state income taxes only on unrelated business income under the provisions of Section 511 of the Internal Revenue Code. The Foundation recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. Interest an penalties on unrecognized tax benefits are classified as other noninterest expense. As of December 31, 2019, the Foundation had no material unrecognized tax benefits. Schedule D, Part XI, Line 2d Direct costs netted against revenues, including cost of goods sold, special events direct expenses, and rental expenses. Schedule D, Part XII, Line 2d Direct costs netted against revenues, including cost of goods sold, special events direct expenses, and rental expenses. Gala 276649 224136 52513 0 0 0 48729 18351 11362 Trips 184715 0 184715 0 0 0 0 72702 92135 0 461364 224136 237228 0 0 0 48729 91053 103497 243279 -6051 X X X 0 1 0 0 0 0 0 0 0 Jeff Fleming Director 285346 0 0 0 125000 0 24253 0 29584 0 464183 0 125000 0 Schedule J, Part I, Line 3 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 review any potential conflicts of interest, of which there were none in 2017. They use primarily the American Association of Museum Directors' (AAMD) salary comparisons as a guide to determine comparable compensation of similarly qualified persons in functionally 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. Schedule J, Part I, Line 4 The Foundation entered into a 457(f) deferred compensation plan with the current director in 2015. The plan allowed for the director to be paid an amount of $125,000 if he remained continuously employed through December 31, 2019. The payout from this plan occurred on December 31, 2019. 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 which was $18,500 in 2019. Interest is credited on January 1 of each plan year calculated by multiplying the account balance as of December 31 of the preceding year by an average of the previous four quarter's five-year Treasury constant maturity rate. This plan is 100% vested and will be paid in a lump sum in the calendar year following the director's severance from employment with the Foundation. At December 31, 2019, the Foundation has a liability of $147,615 in vested benefits included in 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 $274,453 at December 31, 2019. X 62 0 n/a 4 0 1 0 Schedule M, Part I, Line 33 The Foundation's collections are not recognized as assets on the statements of financial position as allowed by GAAP and recommended by the American Association of Museums (AAM). Purchases of collection items are recorded as decreases in net assets in the year in which the items are acquired. Contributed collection items are not reflected on the financial statements as allowed by GAAP and disclosed in our audited financial statements. Form 990, Part VI, Section B, Line 11b All members of the Board of Trustees were provided a copy of the Form 990 prior to filing. The Finance Committee, as delegated by the Board of Trustees, reviewed the Form 990 prior to providing a copy to the Board. Form 990, Part VI, Section B, Line 12c The Foundation's Code of Ethics applies to all trustees, employees and volunteers. A Conflict of Interest Questionnaire is completed annually by trustees and employees. Potential conflicts identified are investigated by the Trusteeship Committee. Trustees with actual conflicts do not participate in deliberations or vote on the matter in question. Potential employee conflicts are investigated by the Director and/or the Director of Finance & Operations Form 990, Part VI, Section B, Line 15 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 review any potential conflicts of interest, of which there were none in 2019. They use primarily the American Association of Museum Director's (AAMD) annual salary comparisons as a guide to determine comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations. This review is documented with written notes regarding the compensation agreement reached after discussion by the Executive Committee or its representative, the President of the Board of Trustees, and the Director. For key employees of the organization, the (AAMD) annual salary comparable positions at similarly situated organizations. comparisons are used as the primary guide to determine comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations. 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. Extensions were filed, but not through the efile site.