2019-11-12T07:19:17-06:00 2018-12-31 EISNERAMPER LLP 750 THIRD AVENUE NEW YORK NY 100172703 990 2018-01-01 141457573 Storm King Art Center % DWAYNE JARVIS STOR 8455343115 1 Museum Road NEW WINDSOR NY 12553 JOHN P STERN PRESIDENT 8455343115 2019-11-12 true CANDICE METH P01306891 2129498700 64.238.150.4 26505220193165000004 2019-11-12 P 45A53ABA3C8FB34A8A5CF5610FD815000D7E05EB 45A53ABA3C8FB34A8A5CF5610FD815000D7E05EB 2018 2020-03-31 21:24:44Z JOHN P STERN 1 MUSEUM ROAD NEW WINDSOR NY 12553 52760964 false X WWW.STORMKING.ORG X 1960 NY Storm King Art Center exhibits, acquires, borrows, and conserves modern and contemporary art,focusing on large-scale sculpture sited in its expansive landscape 18 16 122 34 69525 -3030 5226600 20123747 2512254 2395693 760177 553030 371977 91700 8871008 23164170 0 0 0 0 3899171 4599958 78059 167241 1115839 4418793 4647586 8396023 9414785 474985 13749385 46283273 57393301 502161 1018271 45781112 56375030 STORM KING ART CENTER EXHIBITS, ACQUIRES, BORROWS, AND CONSERVES MODERN AND CONTEMPORARY ART, FOCUSING ON LARGE-SCALE SCULPTURE SITED IN ITS EXPANSIVE LANDSCAPE, TO CREATE A DYNAMIC AND UNIQUE PLACE TO EXPLORE ART IN NATURE. false false 5511633 2395693 MUSEUM EXHIBITIONS AND OPERATIONS: Storm King displays, interprets, and selectively collects significant modern and contemporary artwork. Storm Kings display includes works from its collection, site-specific commissions, long-term loans, and annual exhibitions. 864429 COLLECTION CONSERVATION: Storm King is committed to conserving its collection for long-term display outdoors and for educational opportunities for our growing audience. To this end, Storm King strives to maintain the highest standards of site security, environmental control, and conservation practices. 789946 EDUCATION: Through its Education Department and Public Programs, Storm King invites visitors of all ages to participate and experience art and nature. Deeper learning and research is made possible through a wide range of partnerships, publications, and archival initiatives. 7166008 true true false false false false true true false false true true false false false true true false false false true false false true true false false false false true false false false false false false false false true false false false false false false false false true 61 0 true 122 true true true false false false false true true false false false false false false X 18 16 true false false false false false false true true false false true true true true true true true true false NY X DWAYNE JARVIS 8455343115 1 MUSEUM ROAD NEW WINDSOR NY 12553 Robert denning chair 2.0 0.0 X X 0 0 0 NICK OHNELL VICE-CHAIR (Thru 5/2018) 2.0 0.0 X X 0 0 0 DAVID DIAMOND TREASURER 2.0 0.0 X X 0 0 0 PETER A BIENSTOCK Vice Chair 2.0 0.0 X X 0 0 0 JAMES H OTTOWAY trustee 2.0 0.0 X 0 0 0 CHRISTOPHER J ELLIMAN TRUSTEE 2.0 0.0 X 0 0 0 ANNE P SIDAMON ERISTOFF TRUSTEE (Thru 5/2018) 2.0 0.0 X 0 0 0 JANE R GLADSTONE TRUSTEE 2.0 0.0 X 0 0 0 DEBBY LANDESMAN TRUSTEE 2.0 0.0 X 0 0 0 NICHOLAS A POLSKY TRUSTEE 2.0 0.0 X 0 0 0 THOMAS A RUSSO TRUSTEE 2.0 0.0 X 0 0 0 RICHARD J SMITH TRUSTEE 2.0 0.0 X 0 0 0 BEATRICE STERN TRUSTEE 2.0 0.0 X 0 0 0 LISA STERN TRUSTEE 2.0 0.0 X 0 0 0 HUME R STEYER SECRETARY 2.0 0.0 X X 0 0 0 STEPHEN S TREVOR TRUSTEE 2.0 0.0 X 0 0 0 ADAM D WEINBERG TRUSTEE 2.0 0.0 X 0 0 0 cathy frank halstead trustee 2.0 0.0 X 0 0 0 JOHN P STERN PRESIDENT 40.0 0.0 X X 347394 0 9486 DAVID COLLENS executive Director 40.0 0.0 X X 186847 0 21965 ANTHONY DAVIDOWITZ ASSISTANT SECRETARY 40.0 0.0 X 166254 0 12349 DWAYNE JARVIS ASSISTANT TREASURER 40.0 0.0 X 104009 0 3239 RACHEL LEBBY COKER Dep. Dir. of Ext. Affairs 40.0 0.0 X 173338 0 5094 Amy Weisser Strategic Planning & Projects 40.0 0.0 X 158447 0 24087 1136289 0 76220 6 false true false paratus group 568 broadway suite 602 NEW YORK NY 10012 architects 154102 1 206078 1166441 18751228 169160 20123747 ADMISSIONS FEES 900099 2076475 2076475 MISCELLANEOUS PROGRAM REVENUE 900099 319218 319218 2395693 372720 372720 0 0 0 0 0 3109828 29119109 172409 -26009281 -172409 180310 180310 104115 1166441 104115 0 0 0 223336 201161 22175 22175 OTHER REVENUE 713940 68703 68703 K-1 PASS THROUGH LOSS 525990 822 822 69525 23164170 2395693 69525 575205 0 0 0 0 804506 464033 187135 153338 0 2995564 2491623 163005 340936 89602 70786 9856 8960 391512 313210 35236 43066 318774 270958 22314 25502 0 43967 35174 6595 2198 52000 41600 5200 5200 0 167241 167241 135116 135116 115749 104175 5787 5787 115533 98203 17330 281741 211306 55476 14959 128089 96066 25618 6405 0 83272 62454 12491 8327 62403 40562 9360 12481 0 10202 4081 3571 2550 0 0 697632 620892 76740 210563 192665 15792 2106 COST OF EXHIBITIONS 607538 607538 BUILDING AND GROUNDS 447715 402943 26863 17909 DEVELOPMENT/MEMBERSHIP 478000 177318 35779 264903 OTHER EXPENSES 532677 477101 48395 7181 645389 383320 252609 9460 9414785 7166008 1132938 1115839 3977197 2893285 1321183 1329108 758001 15860590 0 0 0 0 0 0 0 0 370482 373234 255947 128343 29864379 18511126 10832530 11353253 13549619 12369416 15151238 12975299 0 0 0 0 67076 110773 46283273 57393301 437853 1015578 0 0 64308 2693 0 0 0 0 0 0 0 0 0 0 0 0 502161 1018271 X 41613564 37868661 4167548 18506369 0 0 45781112 56375030 46283273 57393301 13749385 -3155467 X false true X true false X 3140821 3669120 5163068 5226600 20123747 37323356 0 0 3140821 3669120 5163068 5226600 20123747 37323356 21173674 16149682 266444 254070 101377 131510 372720 1126121 0 147440 262271 273372 325617 91700 1100400 39549877 7006995 0.40834 0.57696 X Schedule A, Part II, Line 10 Other income consists of visitor center sales and facility usage. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 30.00 1 1 1 false true X X X X false 5518955 5518955 8172889 4779631 3393258 16172535 13731495 2441040 11353253 PRIVATE EQUITIES 275445 F HEDGE FUNDS 12699854 F 12975299 0 0 X 19873587 -3155467 -3155467 23029054 135116 135116 23164170 9279669 9279669 135116 135116 9414785 Schedule D, Part II, Line 9 CONSERVATION EASEMENT - THE LAND OWNED BY THE ART CENTER IS INCLUDED IN THE ART CENTER'S BALANCE SHEET. THERE IS NO REVENUE AND MINIMAL EXPENSE ASSOCIATED WITH THE CONSERVATION EASEMENT, AND ACCORDINGLY, THERE IS NO FOOTNOTE DISCLOSURE REGARDING THE EASEMENT. Schedule D, Part III, Line 4 Storm King Art Centers permanent collection is comprised of more than 120 contemporary and modern sculptures created by some of the most acclaimed artists of our time, including Alexander Calder, Mark di Suvero, Louise Nevelson, Isamu Noguchi, and David Smith. Additionally, the collection includes world-renowned site-specific installations by Maya Lin, Richard Serra, and Andy Goldsworthy, amongst others. Storm Kings collection is essential in the development of educational and public programs as well as exhibition planning. In conformity with the practice followed by many museums, purchased and donated artworks are not included in the statement of financial position, nor are the loan values associated with borrowed artworks. In 2018, total artwork was insured by the Art Center for $215,000,000. The fair value of borrowed artworks was approximately $207,444,500 in 2018. It is the Art Center's policy to insure transported items in the collections at their current fair market value. Schedule D, Part X, Line 2 The Art Center is subject to the provisions of the Financial Accounting Standards Board's (the "FASB") Accounting Standards Codification ("ASC") Topic 740, Income Taxes, as it relates to accounting and reporting for uncertainty in income taxes. the art center is subject to potential unrelated business income tax relating to its investment activities and certain other revenues. Because of the Art Center's general tax-exempt status, management believes ASC Topic 740 has not had, and is not expected to have, a material impact on the Art Center's financial statements. Central America and the Caribbean 0 0 Investments 11009956 0 0 0 0 11009956 11009956 false false false false false false Part I, Line 3, Column (f) Amount reported using the accrual basis of accounting. X X X X true Development GuildDDI Inc Fundraising Counsel false 167241 167241 NY GALA 991246 906046 85200 85200 SUMMER SOLSTIC 140760 121845 18915 18915 1 138550 138550 1270556 1166441 104115 104115 104115 X X X X false false false false false false false false false JOHN P STERN PRESIDENT 347394 0 0 0 8764 0 722 0 356880 0 0 DAVID COLLENS executive Director 186847 0 0 0 4893 0 17072 0 208812 0 0 RACHEL LEBBY COKER Dep. Dir. of Ext. Affairs 173338 4415 679 178432 ANTHONY DAVIDOWITZ ASSISTANT SECRETARY 166254 0 0 0 4250 0 8099 0 178603 0 Amy Weisser Strategic Planning & Projects 158447 0 0 0 4154 0 19933 0 182534 0 0 X 6 169160 FMV false true true SCHEDULE M, PART 1, LINE 32B THE ART CENTER UTILIZES A THIRD-PARTY BROKER TO SELL DONATED SECURITIES. FORM 990, PART VI, SECTION A, LINE 2 President and Board Member John P. Stern is the brother of the board members Lisa and Beatrice Stern. FORM 990, PART VI, SECTION B, LINE 11B ONCE APPROVED BY MANAGEMENT, THE DRAFT FORM 990 IS PROVIDED TO THE AUDIT COMMITTEE OF THE BOARD FOR REVIEW, COMMENTS AND APPROVAL. A COPY OF THE FORM 990 IS PROVIDED TO THE GOVERNING BOARD BY THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR ALL EXECUTIVE COMMITTEE BOARD MEMBERS and senior management staff ARE REQUIRED TO REVIEW THE CONFLICT OF INTEREST POLICY. ANY NEW MEMBERS ARE REQUIRED TO REVIEW THE POLICY BEFORE ACCEPTING THE POSITION. AT COMMITTEE MEETINGS ANY CONFLICT OF INTEREST ISSUES ARE RAISED, DISCUSSED AND RESOLVED AS NECESSARY. ALL BOARD MEMBERS ARE REQUIRED TO SIGN AND SUBMIT A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15B Compensation packages are reviewed annually by the Compensation Committee of the Board based on comparison to industry standards. Additional consideration is given to available funding sources for supporting the compensation package. Beatrice Stern and Lisa Stern recuse themselves during the vote and approval of John P. Stern's compensation. FORM 990, PART VI, SECTION C, LINE 19 THE ART CENTER MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.