2019-11-14T13:54:39-06:00 2018-12-31 WALTON ENTERPRISES LLC PO BOX 1860 BENTONVILLE AR 72712 990 2018-01-01 201359710 CRYSTAL BRIDGES-MUSEUM OF AMERICAN ART INC % TRACY CUDE CRYS 4794185726 600 MUSEUM WAY BENTONVILLE AR 72712 ROD BIGELOW EXECUTIVE DIRECTOR 4794185700 2019-11-13 true KENT C CROUCH P00810750 4794641500 12.16.168.130 71504120193185000000 2019-11-14 P C5CE2CB6658C0656BD6A6450AE8954D5EA3DB667 C5CE2CB6658C0656BD6A6450AE8954D5EA3DB667 2018 2020-04-17 16:48:07Z ROD BIGELOW 600 MUSEUM WAY BENTONVILLE AR 72712 411295307 false X http://www.crystalbridges.org/ X 2004 AR The Museum explores the unfolding history of America by collecting and exhibiting outstanding works of art that illuminate America's artistic heritage. 9 9 413 603 -704487 0 26352194 73381377 2667673 1164637 40322565 159225453 4120356 3555246 73462788 237326713 0 0 0 0 14318492 15407702 0 0 1646924 36261294 33584248 50579786 48991950 22883002 188334763 1151404421 1262762886 112815 144847 1151291606 1262618039 X SEE SCHEDULE O false false 1627811 291410 In 2018 CBMAA welcomed over 595,000 guests to participate in various exhibitions and programs highlighting art, architecture and nature. Our major art exhibitions included: Soul of a Nation - Art in the Age of Black Power; The Beyond, featuring works by Georgia O'Keeffe and other contemporary artists; and Art for a New Understanding: Native Voices 1950s to Now. In addition, CBMAA unveiled a fully reinstalled suite of Early American galleries for patrons to view. SEE SCHEDULE O FOR A DESCRIPTION OF THE MOST SIGNIFICANT EXHIBITIONS IN 2018. 3880602 240467 CBMAA offered to the public a variety of educational programs which had over 151,209 attendees in 2018. SEE SCHEDULE O FOR A DESCRIPTION OF EDUCATIONAL PROGRAMS IN 2018. 11877037 39767 Through CBMAA's Collection Care Program, the museum aquires art, manages incoming and outgoing loans of art, provides conservation and maintenance, and other initiatives to continue the preservation of America's most well known art works. SEE SCHEDULE O FOR A DETAILED LIST OF THE COLLECTION CARE ACTIVITIES. 148296 284 LIBRARY PROGRAM 148296 284 17533746 true true false false false false false true false true true true false false false false true false false false true false false false false false false false false true false false false false false false false false true true false false true false false false false true 293 0 true 413 true true true true CA DA UK IS JA KS false false false true true false false false false false false X 9 9 true false true false true true false true true false false true true true true true true true true false AR X TRACY CUDE 4794185726 600 MUSEUM WAY BENTONVILLE AR 72712 ALICE L WALTON BOARD DIRECTOR & CHAIRMAN 20.0 0.0 X 0 0 0 RICHARD D CHAPMAN BD & ASST SEC/TREASURER 1.0 0.0 X 0 0 0 KYLE PETERSON BOARD DIRECTOR & SECRETARY 1.0 0.0 X X 0 0 0 JOHN WILMERDING BOARD DIRECTOR 1.0 0.0 X 0 0 0 JOHN TYSON BOARD DIRECTOR 1.0 0.0 X 0 0 0 C DOUGLAS McMILLON BOARD DIRECTOR 1.0 0.0 X 0 0 0 STEUART WALTON BOARD DIRECTOR 1.0 0.0 X 0 0 0 JR PITT HYDE BOARD DIRECTOR 1.0 0.0 X 0 0 0 ELIZABETH GLASSMAN BOARD DIRECTOR 1.0 0.0 X 0 0 0 TRACY CUDE CHIEF FINANCIAL OFFICER 40.0 0.0 X 226110 0 33401 ROD BIGELOW EXECUTIVE DIRECTOR 40.0 0.0 X 531069 0 38824 SANDRA EDWARDS DEPUTY DIRECTOR 40.0 0.0 X 329869 0 32216 JILL WAGAR CHIEF STRATEGY OFFICER 40.0 0.0 X 206551 0 31898 SCOTT ECCLESTON DIRECTOR OF OPERATIONS 40.0 0.0 X 161540 0 26521 MARGARET CONRADS DIRECTOR OF CURATORIAL AFFAIRS 40.0 0.0 X 187109 0 29754 DIANE CARROLL DIRECTOR OF COMMUNICATIONS 40.0 0.0 X 164635 0 23327 LIEVEN A BERTELS DIRECTOR - MOMENTARY 40.0 0.0 X 267766 0 7783 2074649 0 223724 8 false true false WHEELER KEARNS ARCHITECTS INC 343 SOUTH DEARBORN STREET SUITE 20 CHICAGO IL 60604 ARCHITECT 1347827 FLINTCO LLC 184 FANTINEL DR SPRINGDALE AR 72762 CONSTRUCTION 5020313 VANTAGE POINT COMMUNICATIONS 1 E CENTER STREET 337 FAYETTEVILLE AR 72701 ADVERTISING 425378 BRAVO BUILDING SERVICES INC 2101 SE SIMPLE SAVINGS DRIVE BENTONVILLE AR 72712 CLEANING SERVICES 331056 EDUCATION DEVELOPMENT CENTER INC 43 FOUNDRY AVENUE WALTHAM MA 024538313 CONSULTING 292074 20 1631398 71749979 37158699 73381377 REPRODUCTION FEES 712110 5973 5973 PROGRAM REGISTRATION FEES 712110 278361 278361 EXHIBITION FEE REVENUE 712110 268442 268442 TICKET SALES 712110 592481 592481 TOURS 712110 19380 19380 1164637 16274209 -1960514 18234723 0 0 454783 454783 0 454783 163827 290956 199885118 115312500 172002370 244004 27882748 115068496 142951244 22556 142928688 0 0 0 0 0 0 4201750 1722220 2479530 1665383 814147 SERVICE REVENUE 712110 130027 1659 128368 OTHER INCOME 712110 490906 490906 620933 237326713 3486412 -704487 161163411 0 0 0 0 1191219 272851 826893 91475 0 11100893 2536355 7698305 866233 0 2233998 405029 1697094 131875 881592 204375 611653 65564 0 51948 51948 61000 61000 0 0 3478038 3478038 632041 375339 256702 716006 66149 647728 2129 508126 54217 387249 66660 263936 4522 259305 109 0 747342 783 746559 457146 243664 147249 66233 0 0 403976 403976 0 9122672 9122672 416409 416409 MUSEUM PROCUREMENT EXPENSES 9209260 9200067 9193 REPAIRS AND MAINTENANCE 999390 20706 978196 488 EXHIBITION EXPENSES 749006 696924 52082 COLLECTION MANANGEMENT 1085235 1035451 49784 4682717 2417314 1909245 356158 48991950 17533746 29811280 1646924 2367972 3427221 1654559 5339023 0 0 184619 42379 0 0 0 0 0 0 412765 356220 0 0 293384750 59888386 229311746 233496364 385467012 423094030 500802193 565804094 0 0 0 0 31203555 31203555 1151404421 1262762886 112815 144847 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 112815 144847 X 255951965 262687362 283308542 235743955 612031099 764186722 1151291606 1262618039 1151404421 1262762886 X 188334763 -62881927 -14126403 X false true X true false X 18027928 18850653 67782361 26261641 73299880 204222463 0 0 18027928 18850653 67782361 26261641 73299880 204222463 91283194 112939269 12777085 10885773 11984003 14076937 18484919 68208717 37937 37937 0 272469117 27239656 0.41450 0.41393 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X false 895339641 55606405 77824787 27953568 886588 999930677 769763330 16370274 136825334 26836341 782956 895339641 670098751 63366740 62710293 -1 24931335 1481120 769763330 720232239 14098999 -16192516 46731414 1308558 670098750 871259512 11657842 52128142 214813257 720232239 0.76420 0.23580 false false 11651650 11651650 248141418 43069196 205072222 26350030 10258012 16092018 7241652 6561178 680474 233496364 PRIVATE EQUITY 334187229 F EQUITY LONG/SHORT HEDGE FUNDS 204745932 F MULTI-STRATEGY HEDGE FUNDS 26870933 F 565804094 165656174 -62881927 -289039 -63170966 228827140 8499573 8499573 237326713 39606489 597928 1722220 2320148 37286341 11705609 11705609 48991950 PART III, LINE 1a The Museum's collections are made up of art objects, artifacts of historical significance and rare books. The collections are maintained for public exhibition, education and research in furtherance of public service, rather than for financial gain. Each of the items is cataloged, preserved, and cared for, and activities verifying their existence and assessing their condition are performed. The collections are subject to a policy that requires proceeds from their sales to be used to acquire other items for collections. The museum's collections have been acquired through purchases,contributions, and other acquisitions since the Museum's inception and are not recognized as assets in the accompanying statement of financial position. Purchases of collection items are recorded as decreases in net assets in the year in which the items are acquired. If the assets used to purchase the items were restricted by the donors, the Museum recognizes corresponding net assets released from restriction. Proceeds from deaccessions or insurance recoveries are reflected as increases in the appropriate net asset classes. PART III, LINE 4 The Crystal Bridges art collection offers a superb overview of American art. The galleries include American masterworks and surprising lesser-known gems from the colonial era to today, spanning five centuries of American art. Sculptures grace both interior galleries and outdoor trails. The museums permanent collection galleries are refreshed regularly. New acquisitions and works from the museums vaults are displayed on a rotating basis. In addition, familiar guest favorites and a changing array of special focus groupings and temporary installations of light-sensitive works offer the opportunity for further exploration into art, architecture, and nature. The permanent collection, which continues to grow through a strategic acquisition plan, is on view year-round with no cost for admission. In addition, an annual array of special exhibitions ensures that there is always something new to see at the museum. Guests may also browse selections from the Crystal Bridges permanent collection online through eMuseum, and view gallery highlights via the museums free app, CBMuseum, downloadable to Apple or Android devices. PART V, LINE 4 Below lists the intended uses of Crystal Bridges Museum of American Art's("CBMAA") temporary and permanent endowment funds: Operations Endowment Provides funds for recurring and annual expenses that are ordinary and necessary to operate Grantee for its purpose as a public art museum, including the purchase of new or replacement furnishings or equipment that is not fixed equipment. Permitted expenditures include operating expenses for staffing, permanent exhibitions, temporary exhibitions drawn primarily for the permanent collection regular programs, marketing and communications, routine facilities and grounds maintenance, utilities, and other common operating needs. Collections, Acquisition, and Care Endowment Provides funds for the acquisition of works for Grantees art collection and library, and also supports the conservation and care of works within Grantees collection. These works might include paintings, sculpture, prints, illustrated and rare books and manuscripts, decorative arts objects, photographs, other new media works and commissioned works of art. Building Endowment Provides funds for the acquisition, major repair, renovation and replacement of buildings, structures, fixtures and fixed equipment. The endowment supports the purchase of new and renovation of existing capital assets and/or enhancements that improve or extend the life of existing capital assets. Walker School Programs Endowment Provides funds to the School Visit Program, specifically to defray the following costs to schools participating in museum programs: transportation, lunches or snacks for participants, and compensation for the participating drivers and required substitute teachers. In addition, the endowment fund may also support the development of educational materials to enhance the School Visit Program. Walmart Admissions Endowment Provides funds to underwrite entrance to the permanent collection galleries to all visitors without an admission fee. Tyson Scholars Endowment Provides funds to support a research/residency program at CBMAA for museum and academic professionals in a variety of disciplines from throughout the world. This program will provide professional development, mentorship, and the exchange of ideas across historical periods and disciplines. Shewmaker Endowment Provides funds to support the programmatic needs of the Education Studio program. McMillon Family Classroom Learning Endowment Provides funding to initiatives that connect CBMAA collections, exhibitions, and the arts to student learning in the classroom. This may include but is not limited to the following: curriculum in print and digital format; museum educators in the classroom; and distance learning initiatives. Next Generation Fund Art for All Endowment Provides funding for various initiatives across departments and disciplines. Each initiative receiving funding would be an approved part of the annual operating budget. The fund will support innovative programs, special initiatives, and ongoing operating programs. Gift use will be based on programs having: 1) great need, but limited resources and 2) meaningful impact. Next Generation Fund Grounds/Trails and Sustainability Endowment Fund Provides funds for expenses that are necessary to develop and maintain the Museums grounds and trails and to ensure a sustainable environment surrounding the museums. Permitted expenditures include expenses for staffing; activities associated with landscape development; rejuvenation or improvement; trail maintenance; pond and stream maintenance; didactic materials and program offerings to enhance visitor experiences; and projects associated with enhancing the sustainability efforts of the museum. Next Generation Fund Collections Augments the WFF Collection endowment by supporting the care and maintenance of specific works of art and architecture; including the Buckyball sculpture and the Frank Lloyd Wright house. Windgate Education Endowment Provides funds specifically to develop creative solutions using art, art museums, and artists that address educational challenges facing our nations schools. CBMAA will serve as a national hub to drive and coordinate system level changes that address issues facing PreK-12 schools in the areas of quality education, equitable access to the arts, readiness to learn, and workforce skills. Van Cliburn Concert Series Endowment Provides funds for expenses necessary in developing, promoting, and staging the Van Cliburn Concert Series produced by CBMAA and in maintaining the Van Cliburn piano. PART XI, LINE 2d Amounts reported on the Audit but not on Form 990: Value of Donated Services: $ 597,928 Expense net with Revenue on Audit: $(886,967) Total: $(289,039) PART XI, LINE 4b ADJUSTMENTS TO INCOME PER AUDITED FINANCIAL STATEMENTS: VALUE OF ART DONATIONS: $6,778,965 EXPENSE NOT NET WITH REVENUE ON AUDIT: $(1,722,220) CASH BASIS ADJUSTMENT: $(15,056,089) BOOK/TAX DIFFERENCE FROM INVESTMENTS: $18,498,917 TOTAL INCREASE (DECREASE) TO INCOME: $8,499,573 PART XII, LINE 2d Amounts reported on the Audit but not on Form 990: EXPENSE NOT NET WITH REVENUE ON AUDIT: $1,722,220 TOTAL: $1,722,220 PART XII, LINE 4b ADJUSTMENTS TO EXPENSE PER AUDITED FINANCIAL STATEMENTS: INCREASED PROCUREMENT EXPENSE: $ 6,778,965 EXPENSES NET WITH REVENUE ON AUDIT: $ 886,967 CASH BASIS ADJUSTMENT: $(332,832) BOOK/TAX DIFFERENCE FROM INVESTMENTS: $ 4,372,509 TOTAL INCREASE TO EXPENSE: $ 11,705,609 Central America and the Caribbean Investments 250101645 East Asia and the Pacific Investments 37084816 Europe (Including Iceland and Greenland) Investments 18917599 Middle East and North Africa Investments 221350 North America Investments 2258336 South America Investments 403770 308987516 308987516 true false true true true false X X X X false false false false false false false false false TRACY CUDE CHIEF FINANCIAL OFFICER 226110 0 0 0 22622 0 10779 0 259511 0 0 ROD BIGELOW EXECUTIVE DIRECTOR 481069 0 50000 0 0 27200 0 11624 0 569893 0 0 SANDRA EDWARDS DEPUTY DIRECTOR 329869 0 0 0 27200 0 5016 0 362085 0 0 JILL WAGAR CHIEF STRATEGY OFFICER 206551 0 0 0 20887 0 11011 0 238449 0 0 SCOTT ECCLESTON DIRECTOR OF OPERATIONS 161540 0 0 0 16634 0 9887 0 188061 0 0 MARGARET CONRADS DIRECTOR OF CURATORIAL AFFAIRS 187109 0 0 0 18823 0 10931 0 216863 0 0 DIANE CARROLL DIRECTOR OF COMMUNICATIONS 164635 0 0 0 16245 0 7082 0 187962 0 0 LIEVEN A BERTELS DIRECTOR - MOMENTARY 267766 0 0 0 3102 0 4681 0 275549 0 0 X 15 6778965 INSURANCE VALUE X 11 25206116 HIGH/LOW AVG NYSE X 1 5150000 APPRAISAL X COOKING SYSTEM 1 23618 REPLACEMENT COST 7 false true false FORM 990, PART III, LINE 1 - ORGANIZATION'S MISSION Crystal Bridges Museum of American Art("CBMAA") welcomes all to celebrate the American Spirit in a setting that unites the power of art with the beauty of nature. CBMAA explores the unfolding story of America by actively collecting, exhibiting, interpreting and preserving outstanding works of art that illuminates America's heritage and artistic possibilites. FORM 990, PART III, LINE 4A - DESCRIPTION OF PROGRAM SERVICE Soul of a Nation - Art in the Age of Black Power was first organized in London, England by Tate Modern. CBMAA was the first art museum to be chosen to display the Soul of a Nation exhibition in the United States. It presented almost 200 figurative and abstract works by Black American artists making art in the Civil Rights era, displayed in 12 thematic sections. The Beyond - Georgia O'Keeffe and Contemporary Art was curated and organized by Crystal Bridges and featured a key figure in Modern art, and the impact of her work on a new generation of artists who are engaged with similar or related themes or visual styles. Over 80 works of art were presented. It will travel to two additional venues. Art for a New Understanding: Native Voices 1950s to Now was curated by a curatorial team including Crystal Bridges curator, an Indigenous curator specializing in Indigenous contemporary art, and a former Crystal Bridges curator now working at the Institute of American Indian Art in Santa Fe. It showcased over 80 works in all artistic media created by Indigenous artists living in the United States and Canada, and will travel to three additional venues. FORM 990, PART III, LINE 4B - DESCRIPTION OF PROGRAM SERVICE Classes and Workshops include summer camps, after school art programs, and art instruction classes with offerings for differing levels of skill and ages including figure drawing, print making, pastel, oil, acrylic mediums, in addition to nature related topics. 3,304 participants. Drop In programs are non-ticketed and planned primarily for mutigenerational audiences. these include large-scale events such as Light Night, Garden PArty, Trick Art Treat Night Out, as well as drop-in artmaking on the weekends, school break programming and monthly Preschool Playdates. 40,165 attendees. Film, Performance & Evening events are primarily targeted toward college and adult audiences, and include multidisciplinary arts such as music, theatre, dance and film. 17,024 attendeees. Lectures and Talks include gallery talks, panel discussions, lectures, architecture talks, and distinguished speaker series. 4,814 attendees. School Tours: K-12 and college onsite school tours which aligns school based curriculum to art, architecture, and nature. 53,015 students attended. Teacher Professional Development offers continuing education credits for a number of programs including Summer Institutes, Saturday Sessions, and Evening for Educators. 1,741 educators attended. Access and Inclusive programs primarily serve English Language Learners and individuals with disabilities. Examples include Family Access Night, Alzheimers programming, literacy council programs and summer camp for children on the autism spectrum. 1,836 attendees. Community Engagement offerings in 2018 included providing classes,camps and artmaking opportunitiies offsite, in collaboration with community partners, including the Bentonville Community Center, the Botanical Gardens of the Ozarks and Open Avenues. 3,735 attendees. Public Tours include daily offerings of a number of guided tours of the Museums collection and architecture,as well as tours provided for youth organizations. Guide training is provded for these offerrings monthly. 25,575 attendees. FORM 990, PART III, LINE 4C - COLLECTION CARE PROGRAM ACTIVITES In 2018, CBMAA acquired 568 works of art. By classification 5 drawings, 8 paintings, 532 photographs, 15 sculptures, 2 decorative arts, 1 print, 1 time based media work and 4 mixed media were acquired. In 2018, CBMAA Crystal Bridges had 498 artworks/objects on loan from 120 separate lenders. CBMAA loaned 31 objects to 21 special exhibitions appearing at 25 institutions during 2018. Exhibition venues included 12 states and 3 foreign countries. Conservation continued during 2018 through the following efforts: Paintings conservator made 4 trips to conduct treatments of 17 paintings and examinations of 84 others. Objects conservator made 4 trips visited to conduct treatments of 10 sculptures and examinations of 18 others. Anita Fields, Elements of Being (2016.14) was treated off-site by a conservator in Kansas City. Melvin Edwards, Dancing in Nigeria (2017.9) was repaired off-site by a conservator in Arlington. Kim Dickey, Mille-Fleur (2015.6) was deinstalled outdoors and fully restored by artist for future reinstallation indoors. Staff conducted regular cleaning and maintenance of 29 artworks installed outdoors. At years end, our online collection provided access to a substantial portion of the collection (2,558 artworks) to the public through our website. FORM 990, PART IV, LINE 28c CBMAA in 2018 entered into an art transaction with another 501(c)(3) organization of which a current CBMAA board director is also a board director of the organization. Because this transaction involved two 501(c)(3) entities it is not reported on Schedule L per the Schedule L instructions. FORM 990, PART VI, SECTION A, LINE 2 FAMILY AND BUSINESS RELATIONSHIPS: ALICE L. WALTON, BOARD DIRECTOR AND CHAIRMAN, IS THE AUNT OF STEUART WALTON, A BOARD DIRECTOR. RICHARD CHAPMAN AND KYLE PETERSON, WHO ARE ALSO BOARD DIRECTORS, ARE EMPLOYEES OF WALTON ENTERPRISES, LLC AND ALICE L. WALTON IS AN LLC MEMBER OF WALTON ENTERPRISES, LLC. FORM 990, PART VI, SECTION A, LINE 4 The organization amended its by-laws to reflect changes in notice to members and directors as well as changes to member succession. FORM 990, PART VI, SECTION A, LINE 6 ORGANIZATION MEMBERS CBMAA HAS NONVOTING MEMBERS AND VOTING MEMBERS. NONVOTING MEMBERS ARE MEMBERS OF THE PUBLIC WHO JOIN CBMAAA BY PAYING A MEMBERSHIP FEE AND, IN RETURN, RECEIVE FREE ADMISSION TO CBMAA EXHIBITIONS AND OTHER SPECIAL EVENTS, THE CBMAA MAGAZINE, AND OTHER CBMAA-RELATED ITEMS. CBMAA ALSO HAS A CLASS OF VOTING MEMBERS (SEE RESPONSE TO LINE 7A BELOW). FORM 990, PART VI, SECTION A, LINE 7A VOTING MEMBERS VOTING MEMBERS HAVE THE POWER TO ELECT CBMAA'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B AFTER PREPARATION OF THE FORM 990 HAS BEEN COMPLETED, THE FORM IS SUBMITTED TO CBMAA'S EXECUTIVE DIRECTOR AND CHIEF FINANCIAL OFFICER FOR THEIR REVIEW. AFTER REVIEW BY THESE CBMAA OFFICERS, THE FORM IS SUBMITTED TO THE BOARD OF DIRECTORS FOR REVIEW AND ANY QUESTIONS. FORM 990, PART VI, SECTION B, LINE 12C On an annual basis, each CBMAA director must complete a conflicts of interest statement and disclose any existing or potential conflicts of interest with any organization or individual. During a new staff orientation and on an annual basis thereafter, all CBMAA staff members are required to review the conflict of interest policy and disclose any potential conflicts of interest evidenced by their signature on the form. Any forms indicating a potential or disclosure of a conflict of interest are forwarded to the executive director for review and further investigation. FORM 990, PART VI, SECTION B, LINE 15A & B Prior to hiring individuals for CBMAA officer and key staff positions, the CBMAA Governance Committee reviews market research, including independent salary data for comparable positions. The determination of compensation for these individuals is based on this data as well as an internal equity analysis. Annual performance reviews are required for all employees. Merit raises are based on the results of performance. FORM 990, PART VI, SECTION C, LINE 19 CBMAAs form 990 is available to the public at guidestar.org. CBMAAs certificate of incorporation is available to the public via the Delaware Secretary of State database. FORM 990, PART XI, LINE 9 - RECONCILIATION OF NET ASSETS OTHER CHANGES IN NET ASSETS OR FUND BALANCE: BOOK/TAX DIFFERENCES IN INVESTMENT: $(14,126,408) OTHER DIFFERENCES: $5 TOTAL OTHER CHANGES IN FUND BALANCE: $(14,126,403) GAE LLC 600 MUSEUM WAY BENTONVILLE AR 72712 BUY/HOLD ART DE -9493 1165238