2019-02-15T15:50:05-06:00 2018-06-30 GARY MCGEE & CO LLP 808 SW THIRD AVENUE SUITE 700 PORTLAND OR 97204 990 2017-07-01 930391604 PORTLAND ART MUSEUM PORT 5032262811 1219 SW PARK AVENUE PORTLAND OR 972052430 GARETH NEVITT CHIEF FINANCIAL OFFICER 5032262811 2019-02-13 1 GARY MCGEE P00743279 5032222515 96.95.137.101 2019-02-13 09:50:04 PS P A6C5305D582DC7D0F7638E9F545A4A195DA351B5 32B4F7C0C2F365871C82FD5A09DF90F50EC0A45A 2017 2019-02-21 02:37:17Z BRIAN FERRISO 1219 SW PARK AVENUE PORTLAND OR 972052430 25326406 0 X WWW.PORTLANDARTMUSEUM.ORG X 1892 OR COLLECTION AND PRESERVATION OF ART FOR PUBLIC EXHIBITION. 57 57 299 1150 623420 430900 24400335 16090911 2985430 3858415 865810 1062668 2157255 2280685 30408830 23292679 5500 23101 0 0 8862109 9653260 10633 0 2154045 7988636 9455766 16866878 19132127 13541952 4160552 135561850 143259197 1870489 2404097 133691361 140855100 X THE MISSION OF THE PORTLAND ART MUSEUM IS TO ENGAGE THE PUBLIC WITH ART AND FILM OF ENDURING QUALITY, TO FACILITATE DIALOGUE WITH DIVERSE AUDIENCES, AND TO COLLECT, PRESERVE AND EDUCATE FOR THE ENRICHMENT OF PRESENT AND FUTURE GENERATIONS. 0 0 11989105 3762867 THE MUSEUM DEVOTES 90% OF ITS GALLERIES TO ITS PERMANENT COLLECTIONS WHICH CONSISTS OF MORE THAN 50,000 OBJECTS. IT ALSO MAINTAINS AN AMBITIOUS EXHIBITION PROGRAM, PRESENTING APPROXIMATELY 20 EXHIBITIONS EACH YEAR. HIGHLIGHTS FOR FISCAL YEAR 2018 WERE: ANIMATING LIFE: THE ART, SCIENCE, AND WONDER OF LAIKA; THE WYETHS: THREE GENERATIONS; COMMON GROUND: PHOTOGRAPHS BY FAZAL SHEIKH 1989-2013; RICHARD DIEBENKORN: BEGINNINGS, 1942-1955; AND THE SHAPE OF SPEED: STREAMLINED AUTOMOBILES AND MOTORCYCLES 1930 -1942. 1431027 23101 849635 THE MUSEUM'S NORTHWEST FILM CENTER CONDUCTS AN ACTIVE FILM AND VIDEO EXHIBITION PROGRAM, SCREENING MORE THAN 500 FILMS DURING THE YEAR, INCLUDING THE 41 YEAR OLD PORTLAND INTERNATIONAL FILM FESTIVAL WITH ANNUAL ATTENDANCE OF NEARLY 40,000, AND ANNUAL NORTHWEST FILMMAKERS FESTIVAL OF WORK BY REGIONAL INDEPENDENT FILMMAKERS. THE FILM CENTER OPERATES THE OLDEST AND MOST COMPREHENSIVE COMMUNITY-BASED FILM SCHOOL IN OREGON, OFFERING CLASSES AND VISITING ARTIST PROGRAMS TO 500 EMERGING ARTISTS, EDUCATORS AND AVOCATIONAL ADULT LEARNERS THROUGHOUT THE YEAR. CONTINUED ON SCHEDULE O.IT ALSO HAS ONE OF THE PREMIERE YOUTH MEDIA PROGRAMS IN THE NATION, PROVIDING CAMPS AND CLASSES TO MORE THAN 600 YOUTH EACH YEAR, CONDUCTING COMMUNITY OUTREACH PROJECTS WHICH USE FILMMAKING TO EMPOWER UNDERSERVED AND MINORITY YOUTH, AND THROUGH ITS GLOBAL CLASSROOM FILM SERIES, OFFERING FREE SCREENINGS OF CURRICULUM-RICH INTERNATIONAL FILMS TO NEARLY 4,000 HIGH SCHOOL STUDENTS EACH SCHOOL YEAR. 702229 33049 MUSEUM EDUCATION PROGRAMS AIM TO BROADEN AND DEEPEN ACCESS TO EXHIBITIONS AND THE COLLECTIONS, AND TO FACILITATE VISITORS' LEARNING ABOUT ART BOTH ON AND OFFSITE. LAST YEAR, ONE-THIRD OF ALL VISITORS ATTENDED FOR FREE OR REDUCED PRICE ADMISSION, INCLUDING ALL CHILDREN UNDER AGE 17. THE MUSEUM ALSO PRESENTED 163 PUBLIC PROGRAMS, INCLUDING LECTURES, ARTIST TALKS, AND TOURS, AND THE NORTHWEST FILM CENTER HOSTED MORE THAN 100 VISITING ARTISTS. 14122361 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 228 0 299 1 1 1 0 0 0 0 1 1 0 0 0 0 X 57 57 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 OR X X GARETH NEVITT 5032262811 1219 SW PARK AVENUE PORTLAND OR 972052430 MRS LINDA ANDREWS TRUSTEE 1.00 X 0 0 0 MRS SHARON BARNES TRUSTEE 1.00 X 0 0 0 MRS MISSY BECHEN TRUSTEE 1.00 X 0 0 0 MR DAN BERGSVIK TRUSTEE 1.00 X 0 0 0 MRS MARY LEE BOKLUND TRUSTEE 1.00 X 0 0 0 MRS LISA BROOKE TRUSTEE 1.00 X 0 0 0 MR RICHARD LOUIS BROWN TRUSTEE 1.00 X 0 0 0 MRS MARY BETH BURPEE TRUSTEE 1.00 X 0 0 0 MR JAMES CRUMPACKER TRUSTEE 1.00 X 0 0 0 MR KIRK DAY TRUSTEE 1.00 X 0 0 0 KATY DURANT TRUSTEE 1.00 X 0 0 0 MR MATT FELTON TRUSTEE 1.00 X 0 0 0 MRS LANA FINLEY TRUSTEE 1.00 X 0 0 0 MR RYAN FINLEY TRUSTEE 1.00 X 0 0 0 MS ANN FLOWERREE TRUSTEE 1.00 X 0 0 0 MS STEPHANIE FOWLER TRUSTEE 1.00 X 0 0 0 MR MATT FRENCH TRUSTEE 1.00 X 0 0 0 MRS JANET GEARY TRUSTEE 1.00 X 0 0 0 MS SUZANNE GEARY TRUSTEE 1.00 X 0 0 0 MR STAN GEFFEN TRUSTEE 1.00 X 0 0 0 MRS ALIX MEIER GOODMAN TRUSTEE 1.00 X 0 0 0 MR MARK GOODMAN TRUSTEE 1.00 X 0 0 0 MR JOHN GOODWIN TRUSTEE 1.00 X 0 0 0 MR PATRICK GREEN TRUSTEE 1.00 X 0 0 0 MR PETER HALL TRUSTEE 1.00 X 0 0 0 MR STEVE HOLWERDA TRUSTEE 1.00 X 0 0 0 JUDY HUMMELT TRUSTEE 1.00 X 0 0 0 MRS WILLIE KEMP TRUSTEE 1.00 X 0 0 0 MRS SELBY JEAN KEY TRUSTEE 1.00 X 0 0 0 MRS NANCY LEMATTA TRUSTEE 1.00 X 0 0 0 MS LIZA LILLEY TRUSTEE 1.00 X 0 0 0 MRS CYNDY MALETIS TRUSTEE 1.00 X 0 0 0 MR STEVEN MCGEADY TRUSTEE 1.00 X 0 0 0 MRS ERIKA MILLER TRUSTEE 1.00 X 0 0 0 MR MARK MILLER TRUSTEE 1.00 X 0 0 0 TRAVERS HILL POLAK TRUSTEE 1.00 X 0 0 0 MR YALE POPOWICH MD TRUSTEE 1.00 X 0 0 0 MRS DEE POTH TRUSTEE 1.00 X 0 0 0 MS APRIL KNAPP SANDERSON TRUSTEE 1.00 X 0 0 0 MR LOREN SCHLACHET TRUSTEE 1.00 X 0 0 0 MRS ARLENE SCHNITZER TRUSTEE 1.00 X 0 0 0 MS GRACE SERBU TRUSTEE 1.00 X 0 0 0 MR THOMAS SHIPLEY TRUSTEE 1.00 X 0 0 0 MRS ANDREE STEVENS TRUSTEE 1.00 X 0 0 0 MR TRAVIS TALBOT TRUSTEE 1.00 X 0 0 0 MR ROBERT TROTMAN TRUSTEE 1.00 X 0 0 0 MRS NANI WARREN TRUSTEE 1.00 X 0 0 0 MR ROBERT WARREN TRUSTEE 1.00 X 0 0 0 MRS HELEN JO WHITSELL TRUSTEE 1.00 X 0 0 0 MR WILLIAM WHITSELL TRUSTEE 1.00 X 0 0 0 MRS CELIA WIEBE TRUSTEE 1.00 X 0 0 0 MR DAVID WILLMOTT TRUSTEE 1.00 X 0 0 0 MR RODNEY YOUCKTON TRUSTEE 1.00 X 0 0 0 MR H PAT RITZ CHAIR 1.00 X X 0 0 0 MR JAMES H WINKLER VICE-CHAIR 1.00 X X 0 0 0 MR MARK FRANDSEN TREASURER 1.00 X X 0 0 0 MRS LAURA S MEIER SECRETARY 1.00 X X 0 0 0 MR BRIAN J FERRISO EXECUTIVE DIRECTOR 35.00 X 374288 0 74261 MR GARETH A NEVITT CHIEF FINANCIAL OFFICER 35.00 X 189166 0 14584 MR JOHN S MAY CHIEF ADVANCEMENT OFFICER 35.00 X 187872 0 16870 MR DAWSON W CARR CURATOR OF EUROPEAN ART 35.00 X 102142 0 5046 MR WILMOT FOSTER DIRECTOR OF NWFC 35.00 X 104240 0 11263 MR DONALD D URQUHART DIRECTOR OF COLLECTIONS 35.00 X 122262 0 12924 1079970 0 134948 6 0 1 0 HENNEBERY EDDY ARCHITECTS INC 921 SW WASHINGTON STREET SUITE 2 PORTLAND OR 97205 ARCHITECTUAL SERVICES 298772 THE LUKENS COMPANY 2800 SHIRLINGTON ROAD 9TH FLOOR ARLINGTON VA 22206 MEMBERSHIP CONSULTING 204077 SALVADOR MOLLY'S INC 2010 SE 8TH AVENUE PORTLAND OR 97214 CATERING 162527 COVENANT TECHNOLOGY SOLUTIONS INC 15 82ND DRIVE SUITE 120 GLADSTONE OR 97027 IT SERVICES 143722 STAFFING SOLUTIONS LLC 610 SW BROADWAY SUITE 500 PORTLAND OR 97205 STAFFING SERVICES 129193 5 3756093 187723 12147095 1971005 16090911 ADMISSIONS 900099 3072968 3072968 TUITION AND FEES 611600 340691 340691 RENTAL SALES GALLERY 453000 297062 297062 OTHER PROGRAM FEES 900099 147694 147694 3858415 1062668 1062668 1757994 758530 873251 348024 884743 410506 1295249 425120 870129 1660395 812452 847943 649643 198300 MISCELLANEOUS 900099 137493 137493 137493 23292679 4645551 623420 1932797 23101 23101 920535 184272 345632 390631 7311356 5679118 986415 645823 171013 128949 25968 16096 636308 515783 64848 55677 614048 460559 87944 65545 20648 11355 7846 1447 72895 72895 108054 108054 1303784 538679 634887 130218 399494 356650 20386 22458 1336052 940053 189328 206671 317105 132133 104363 80609 1017625 853228 156336 8061 218890 189644 10820 18426 29725 17744 5953 6028 1868963 1420117 426838 22008 176000 81936 94064 OTHER 1431522 846486 100689 484347 ART & EXHIBITIONS COSTS 1361522 1361522 UBI TAXES 181271 181271 ALLOCATIONS -387784 381032 -768816 19132127 14122361 2855721 2154045 1191623 1398640 260976 336321 14082880 15699189 184240 177190 344768 300997 332695 535855 87451970 32450788 56411116 55001182 47746274 54710343 13465210 13538758 1542068 1560722 135561850 143259197 1041366 1623515 633781 596596 195342 183986 1870489 2404097 X 67113497 66794703 27320352 32800296 39257512 41260101 133691361 140855100 135561850 143259197 4160552 3003187 0 X 0 1 X 1 0 X 10988963 11486814 10290022 24400335 16090911 73257045 10988963 11486814 10290022 24400335 16090911 73257045 9656066 63600979 1641990 1736854 1531639 1673321 1932796 8516600 214958 444314 414938 472978 623421 2170609 57800 66832 231683 371720 137493 865528 84809782 19674357 0.74990 0.73370 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS 865528 X X X X 1 50445125 2040866 3831591 2971604 53345978 46233228 453929 6651298 2893330 50445125 50381480 732255 -1879894 3000613 46233228 52870977 1878987 727480 5095964 50381480 50286876 253117 7187698 4856714 52870977 0.15810 0.74040 0.10150 0 0 4837854 3565225 8403079 70695690 25743858 44951832 480082 395135 84947 7870119 6311795 1558324 3000 3000 55001182 INTERESTS IN PRIVATE EQUITY PARTNERSHIPS 13538758 F 13538758 LIABILITIES ASSOCIATED WITH CHARITABLE TRUST AGREEMENTS 183986 183986 X 28399768 3003187 178229 3181416 25218352 108054 -2033727 -1925673 23292679 21236029 178229 2033727 2211956 19024073 108054 108054 19132127 PART III, LINE 1A: THE MUSEUM'S COLLECTIONS COMPRISE MORE THAN 50,000 OBJECTS AND WORKS OF ART, INCLUDING WORKS OF EUROPEAN PAINTING AND SCULPTURE, AMERICAN PAINTING AND SCULPTURE, SILVER, ASIAN ART, NATIVE AMERICAN ART, PRE-COLUMBIAN ART, CAMEROON AND OTHER AFRICAN ART, CONTEMPORARY ART, SCULPTURE, PRINTS AND DRAWINGS, AND PHOTOGRAPHY. THE COLLECTIONS ARE MAINTAINED FOR PUBLIC EXHIBITION, EDUCATION, AND RESEARCH IN FURTHERANCE OF PUBLIC SERVICE, RATHER THAN FOR FINANCIAL GAIN. THE MUSEUM'S COLLECTIONS, ACQUIRED THROUGH PURCHASE AND DONATION, ARE NOT RECOGNIZED AS ASSETS IN THE ACCOMPANYING FINANCIAL STATEMENTS. PURCHASES OF COLLECTION ITEMS ARE RECORDED IN THE YEAR IN WHICH THE ITEMS WERE ACQUIRED AS DECREASES IN UNRESTRICTED OR TEMPORARILY RESTRICTED NET ASSETS, DEPENDING ON THE SOURCE OF THE ASSETS USED TO PURCHASE THE ITEMS AND WHETHER THOSE ASSETS WERE RESTRICTED BY DONORS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS. PURSUANT TO MUSEUM POLICY, PROCEEDS FROM THE SALE OF ART AND RELATED INSURANCE SETTLEMENTS ARE RECORDED AS TEMPORARILY RESTRICTED NET ASSETS FOR THE ACQUISITION OF WORKS OF ART. PART III, LINE 4: THE PERMANENT COLLECTION IS AT THE CORE OF THE MUSEUM'S MISSION TO COLLECT AND PRESERVE A VARIETY OF ART FOR THE ENRICHMENT OF PRESENT AND FUTURE GENERATIONS. DISPLAYED IN 112,000 SQUARE FEET OF GALLERIES, THE MUSEUM'S COLLECTION OF MORE THAN 50,000 OBJECTS REFLECTS THE HISTORY OF ART FROM ANCIENT TIMES TO TODAY. THE COLLECTION IS DISTINGUISHED FOR ITS HOLDINGS OF ARTS OF THE NATIVE PEOPLES OF NORTH AMERICA, ENGLISH SILVER, AND THE GRAPHIC ARTS. AN ACTIVE COLLECTING INSTITUTION, THE MUSEUM DEVOTES 90 PERCENT OF ITS GALLERIES TO THE PERMANENT COLLECTION. PART V, LINE 4: THE MUSEUM'S ENDOWMENTS ARE USED TO FUND CERTAIN CURATORIAL AND MANAGEMENT POSITIONS, TO PURCHASE, PRESERVE, AND DISPLAY SPECIFIC TYPES OF ART, TO SUPPORT EDUCATION AND NORTHWEST FILM CENTER ACTIVITIES AND FOR THE UNRESTRICTED SUPPORT OF OVERALL MUSEUM OPERATIONS. PART X, LINE 2: CERTAIN OF THE MUSEUM'S EARNED REVENUE ACTIVITIES ARE NOT DIRECTLY RELATED TO ITS PUBLIC CHARITY STATUS AND, HENCE, ARE SUBJECT TO UNRELATED BUSINESS INCOME TAX. THE MUSEUM HAS ADOPTED THE RECOGNITION REQUIREMENTS FOR UNCERTAIN INCOME TAX POSITIONS, AS REQUIRED BY GENERALLY ACCEPTED ACCOUNT-ING PRINCIPLES. THE MUSEUM HAS ANALYZED THE TAX POSITIONS TAKEN IN ITS FILINGS WITH THE INTERNAL REVENUE SERVICE AND STATE JURISDICTIONS WHERE IT OPERATES. THE MUSEUM BELIEVES THAT ITS INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE ORGANIZATION'S FINANCIAL CONDITION, RESULTS OF OPERATIONS, OR CASH FLOWS. ACCORDINGLY, THE MUSEUM HAS RECORDED NEITHER RESERVES NOR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT THE MUSEUM. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -812,452. RENTAL EXPENSES -1,221,275. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 812,452. RENTAL EXPENSES 1,221,275. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENT 2589276 0 0 0 0 0 0 2589276 0 2589276 1 0 1 1 0 0 1 OREGON MEDIA ARTS FELLOWSHIP 5 23101 PART I, LINE 2: OREGON MEDIA ARTS FELLOWSHIPS ARE AWARDED FOR PAST CREATIVE WORK, THEREFORE THERE IS NO MONITORING ON HOW THE FUNDS ARE SPENT BY THE VARIOUS RECIPIENTS. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 MR BRIAN J FERRISO EXECUTIVE DIRECTOR 373960 0 0 0 328 0 68750 0 5511 0 448549 0 0 0 MR GARETH A NEVITT CHIEF FINANCIAL OFFICER 189011 0 0 0 155 0 11510 0 3074 0 203750 0 0 0 MR JOHN S MAY CHIEF ADVANCEMENT OFFICER 187717 0 0 0 155 0 11374 0 5496 0 204742 0 0 0 PART I, LINE 1A MEMBERSHIP IN THE ARLINGTON BUSINESS CLUB IS USED FOR ENTERTAINING AND BUSINESS DISCUSSIONS IN PORTLAND. MODEST TAX GROSS-UP FOR $100 GIFT CARD. PART I, LINE 1B THE EMPLOYMENT CONTRACT APPROVED BY THE BOARD OF TRUSTEES INCLUDES ARLINGTON CLUB BENEFIT. X 276 NOT REPORTED IN FS X 5010 STAFF PROF. JDGMENT X 54 1830054 QUOTED PRICES X SUPPLIES 36 103719 DONOR VALUATION X EQUIPMENT 5 32222 DONOR VALUATION 10 0 1 1 PART I, COLUMN (B): THE NUMBER REPORTED IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS. PART I, LINE 32B: THE ORGANIZATION USES AN ART AUCTIONEERING FIRM TO SELL CONTRIBUTED ART THAT WILL NOT BE ADDED TO THE PERMANENT COLLECTION. PART I, LINE 33: CONSISTENT WITH ITS ACCOUNTING POLICY RELATED TO CONTRIBUTED ART TO ITS ART COLLECTION, CONTRIBUTIONS OF COLLECTION ITEMS ARE NOT REPORTED AS REVENUES, AS DESCRIBED IN SCHEDULE D. FORM 990, PART VI, SECTION A, LINE 2 LAURA MEIER AND ALIX GOODMAN - FAMILY RELATIONSHIP LANA FINLEY AND RYAN FINLEY - FAMILY RELATIONSHIP JANET GEARY AND SUZANNE GEARY - FAMILY RELATIONSHIP NANI WARREN AND ROBERT WARREN - FAMILY RELATIONSHIP WILLIAM WHITSELL AND HELEN JO WHITSELL - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM BASED ON INFORMATION PROVIDED BY MUSEUM STAFF. THE RETURN IS THEN REVIEWED BY SENIOR MANAGEMENT AND REVIEWED AND APPROVED BY THE FINANCE COMMITTEE OF THE BOARD. A COPY OF THE RETURN IS THEN GIVEN TO ALL BOARD MEMBERS BEFORE BEING SUBMITTED. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY ANNUALLY AS PART OF THE BOARD ORIENTATION PROCESS. STAFF ARE REQUIRED TO SIGN IT WHEN INITIALLY HIRED. THE GOVERNANCE COMMITTEE OF THE BOARD OF TRUSTEES IS IN CHARGE OF MONITORING ALL POTENTIAL CONFLICT OF INTERESTS. IF A CONFLICT OF INTEREST ARISES, THE INTEREST OF THE TRUSTEE IS PUT ON RECORD, AND THE TRUSTEE WILL BE EXCUSED DURING THE DISCUSSION OF THE MATTER, AS WELL AS THE VOTING PROCESS. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE EXECUTIVE DIRECTOR WAS DETERMINED BY THE COMPENSATION COMMITTEE AFTER CONSULTING COMPARABLE SALARY SURVEY INFORMATION PROVIDED BY THE HR DIRECTOR. THE DECISION WAS CONFIRMED BY THE EXECUTIVE COMMITTEE AND THE FULL BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE AS A DOWNLOADABLE PDF FILE ON THE MUSEUM'S WEBSITE OR IN HARD COPY UPON REQUEST. NO OTHER DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC.