2025-11-13T16:10:49-06:00 2024-12-31 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2024-01-01 010263908 SKOWHEGAN SCHOOL OF PAINTING AND SCULPTURE INC SKOW 2125290505 136 WEST 22ND STREET NEW YORK NY 10011 KATIE SONNENBORN CO-DIRECTOR 2125290505 2025-11-12 1 1 FREDERICK MARTENS P00298107 2126972299 2024 2025-03-06 01:10:19Z PAULA J VOLENT 136 WEST 22ND STREET NEW YORK NY 10011 20752787 0 X WWW.SKOWHEGANART.ORG X 1946 ME SKOWHEGAN, PRIMARILY A SUMMER RESIDENCY PROGRAM FOR EMERGING VISUAL ARTISTS ESTABLISHED IN 1946, SEEKS EACH YEAR TO BRING TOGETHER A GIFTED AND ARTISTICALLY VARIED GROUP OF INDIVIDUALS WHO HAVE DEMONSTRATED A COMMITMENT TO ART-MAKING AND INQUIRY TO CREATE THE MOST STIMULATING AND RIGOROUS ENVIRONMENT FOR A CONCENTRATED PERIOD OF ARTISTIC CREATION, INTERACTION AND GROWTH. SKOWHEGAN ALSO SPONSORS PROGRAMS PRIMARILY IN NEW YORK CITY DURING FALL, WINTER AND SPRING TO FOSTER ITS MISSION AMONG ALUMNI AND THE VISUAL ARTS COMMUNITY. 23 23 62 61 0 0 1767591 1968858 476300 441675 -160938 2947329 131837 42434 2214790 5400296 276450 300049 0 0 2032296 1966567 0 0 550567 1821522 1732763 4130268 3999379 -1915478 1400917 40623308 44834975 232204 329824 40391104 44505151 X SKOWHEGAN, PRIMARILY A SUMMER RESIDENCY PROGRAM FOR EMERGING VISUAL ARTISTS ESTABLISHED IN 1946, SEEKS EACH YEAR TO BRING TOGETHER A GIFTED AND ARTISTICALLY VARIED GROUP OF INDIVIDUALS WHO HAVE DEMONSTRATED A COMMITMENT TO ART-MAKING AND INQUIRY TO CREATE THE MOST STIMULATING AND RIGOROUS ENVIRONMENT FOR A CONCENTRATED PERIOD OF ARTISTIC CREATION, INTERACTION AND GROWTH. SKOWHEGAN ALSO SPONSORS PROGRAMS PRIMARILY IN NEW YORK CITY DURING FALL, WINTER AND SPRING TO FOSTER ITS MISSION AMONG ALUMNI AND THE VISUAL ARTS COMMUNITY. 0 0 2547499 300049 441675 SCHOOL SUMMER PROGRAM:SCHOOL OF PAINTING AND SCULPTURE SUMMER PROGRAM ATTENDED BY 59 STUDENTS 162606 ALLIANCE AND ALUMNI ACTIVITES:SKOWHEGAN ALLIANCE AND ALUMNI ACTIVITIES INCLUDING PROGRAMS, EVENTS AND SPECIAL PROJECTS 2710105 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 0 1 0 1 0 1 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 32 0 62 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 NY X SKOWHEGAN SCHOOL OF PAINTING AND SCULPTURE 2125290505 136 WEST 22ND STREET NEW YORK NY 100112432 ELEANOR ACQUAVELLA CHAIR 2.00 X X 0 0 0 PAULA J VOLENT PRESIDENT 2.00 X X 0 0 0 GREGORY K PALM TREASURER 1.00 X X 0 0 0 BERNARD I LUMPKIN SECRETARY 1.00 X X 0 0 0 JAN ARONSON TRUSTEE 1.00 X 0 0 0 RON BUCKLY TRUSTEE 1.00 X 0 0 0 JOHN R COLEMAN TRUSTEE 1.00 X 0 0 0 WARREN C COOK TRUSTEE 1.00 X 0 0 0 SHARON CORWIN TRUSTEE 1.00 X 0 0 0 CHIARA EDMANDS TRUSTEE 1.00 X 0 0 0 SUSAN PAUL FIRESTONE A '72 TRUSTEE 1.00 X 0 0 0 ANN L GUND TRUSTEE 1.00 X 0 0 0 ELIZABETH R HILPMAN TRUSTEE 1.00 X 0 0 0 RENA HOFFMAN TRUSTEE 1.00 X 0 0 0 STEPHANIE HUNT TRUSTEE 1.00 X 0 0 0 ROBERT L LOOKER THROUGH APRIL 24 TRUSTEE 1.00 X 0 0 0 VICTORIA LOVE SALNIKOFF TRUSTEE 1.00 X 0 0 0 JOHN MELICK TRUSTEE 1.00 X 0 0 0 JENNIFER NEW TRUSTEE 1.00 X 0 0 0 RICHARD T PRINS TRUSTEE 1.00 X 0 0 0 AMITHA RAMAN TRUSTEE 1.00 X 0 0 0 JUDSON P REIS TRUSTEE 1.00 X 0 0 0 ALAN WANZENBERG TRUSTEE 1.00 X 0 0 0 KATHERINE S SONNENBORN CO-DIRECTOR 40.00 X 213752 0 7032 RUTH ESTEVEZ AS OF FEB 2024 CO-DIRECTOR 40.00 X 136354 0 19974 SARAH F WORKNEH TO JAN 2024 CO-DIRECTOR 40.00 X 16468 0 1769 366574 0 28775 2 0 1 0 CIRCLE WEALTH 1300 6TH AVENUE NEW YORK NY 10019 INVESTMENT MANAGEMENT 310426 1 840613 35000 1093245 189283 1968858 TUITION AND APPLICATION FEES 541519 441675 441675 441675 736462 736462 17360017 15149150 2210867 2210867 2210867 192616 840613 192616 0 46751 10725 36026 36026 OTHER INCOME 900001 6408 6408 6408 5400296 441675 0 2989763 234549 234549 65500 65500 385289 218807 82131 84351 1211462 950826 31866 228770 31312 26084 192 5036 192569 139424 14036 39109 145935 107020 10278 28637 2706 2706 27544 27544 310426 310426 117702 11147 103664 2891 248393 228638 5122 14633 111032 63626 40606 6800 397363 291402 27986 77975 69871 51239 4921 13711 FOOD AND RESIDENTIAL LI 158016 146029 11987 OTHER EXPENSES 104769 29163 64780 10826 PROGRAM MATERIALS 82664 72001 462 10201 FACULTY ARTIST FEES 74650 74650 27627 27627 3999379 2710105 738707 550567 607042 490512 38262 37567 645415 529967 182684 198692 47025 38658 10846974 4629704 5975983 6217270 26820629 29597300 5680562 7560164 625706 164845 40623308 44834975 196194 139214 36010 190610 232204 329824 X 16959188 18634356 23431916 25870795 40391104 44505151 40623308 44834975 1400917 2713130 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 1 20933604 23369 3796152 1027339 23725786 17744648 645000 3634645 1090689 20933604 22051016 661553 -3791871 1176050 17744648 19001773 655000 3438082 1043839 22051016 17007373 408292 2436477 850369 19001773 0.00000 0.46500 0.53500 0 0 711012 711012 8853999 3628662 5225337 1281963 1001042 280921 6217270 ALTERNATIVE INVESTMENTS - HEDGE FUND OF FUNDS 2172810 F ALTERNATIVE INVESTMENTS - HEALTHCARE 1193051 F ALTERNATIVE INVESTMENTS - ABSOLUTE RETURN FIXED INCOME 1222114 F ALTERNATIVE INVESTMENTS - PRIVATE EQUITY - FUND OF FUNDS 1235065 F ALTERNATIVE INVESTMENTS - TECHNOLOGY AND HEALTHCARE 1362038 F ALTERNATIVE INVESTMENTS - BLOCKCHAIN 375086 F 7560164 7509567 2713130 6616 2719746 4789821 310426 300049 610475 5400296 3395520 6616 6616 3388904 310426 300049 610475 3999379 PART III, LINE 4: THE SCHOOL'S ARTWORKS CONSIST PRIMARILY OF WORKS CREATED BY AND DONATED BY PARTICIPANTS ATTENDING THE SCHOOL AND ARE RECORDED AT THE FAIR VALUE AT THE DATE THE ARTWORKS ARE DONATED, OR AT COST IF PURCHASED. ARTWORKS ARE MAINTAINED UNDER THE CARE OF MANAGEMENT. ARTWORKS HELD ARE CATALOGUED, INSURED AND KEPT UNENCUMBERED, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED PERIODICALLY. PART V, LINE 4: THE SCHOOL USES A PORTION OF ITS ENDOWMENT ASSETS, GENERALLY NO MORE THAN 5% IN ANY PARTICULAR YEAR, FOR SUPPORT OF ITS OPERATIONS, AS DETERMINED ANNUALLY BY THE BOARD TO BE PRUDENT IN THE CIRCUMSTANCES. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS SHOWN NET OF REVENUE IN AUDITED FINANCIAL STATEMENTS 300,049. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS SHOWN NET OF REVENUE IN AUDITED FINANCIAL STATEMENTS 300,049. 1 1 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 NONDISCRIMINATION POLICY STATED IN PROGRAM INFORMATION ON WEBSITE, APPLICATION, AND FUNDRAISING MATERIALS. SCHEDULE E, PART I, LINE 4 THE SCHOOL DOES NOT KEEP OFFICAL RECORDS DOCUMENTING THE RACIAL COMPOSITION OF THE PARTICIPANT, FACULTY AND ADMINISTRATIVE STAFF. 1 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENT - SEE FORM 990, PART X, LINE 12 INVESTMENTS 5342238 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 SCHOLARSHIP TO RECIPIENT LOCATED IN REGION 6000 RUSSIA AND NEIGHBORING STATES 0 0 SCHOLARSHIPS TO RECIPIENTS LOCATED IN REGION 29500 SOUTH AMERICA 0 0 SCHOLARSHIP TO RECIPIENT LOCATED IN REGION 6000 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 SCHOLARSHIPS TO RECIPIENTS LOCATED IN REGION 24000 0 0 0 0 0 0 5407738 0 5407738 SCHOLARSHIP RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 1 6000 NON-CASH REDUCTION OF TUITION ACTUAL AMOUNT OF TUITION REDUCTION SCHOLARSHIP EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 1 6000 NON-CASH REDUCTION OF TUITION ACTUAL AMOUNT OF TUITION REDUCTION SCHOLARSHIP SOUTH AMERICA 1 6000 NON-CASH REDUCTION OF TUITION ACTUAL AMOUNT OF TUITION REDUCTION SCHOLARSHIPS NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 5 24000 NON-CASH REDUCTION OF TUITION ACTUAL AMOUNT OF TUITION REDUCTION SCHOLARSHIPS SOUTH ASIA 1 6000 NON-CASH REDUCTION OF TUITION ACTUAL AMOUNT OF TUITION REDUCTION SCHOLARSHIPS EAST ASIA AND THE PACIFIC 3 17500 NON-CASH REDUCTION OF TUITION ACTUAL AMOUNT OF TUITION REDUCTION 0 0 1 0 0 0 PART I, LINE 2: THE ORGANIZATION PROVIDES SCHOLARSHIPS TO ITS STUDENTS THAT ARE NON-CASH REDUCTIONS TO TUITION FEES. AWARDS DINNER 1033229 840613 192616 121800 4500 66316 1033229 840613 192616 121800 4500 66316 192616 0 1 SCHOLARSHIPS 42 234549 ACTUAL AMOUNT OF TUITION REDUCTION SCHOLARSHIPS ARE NON-CASH REDUCTIONS IN TUITION PART I, LINE 2: THE ORGANIZATION PROVIDES SCHOLARSHIPS TO ITS STUDENTS THAT ARE NON-CASH REDUCTIONS TO TUITION FEES. X 0 0 0 0 0 0 0 0 0 KATHERINE S SONNENBORN CO-DIRECTOR 183752 0 30000 0 0 0 6913 0 119 0 220784 0 0 0 RUTH ESTEVEZ AS OF FEB 2024 CO-DIRECTOR 130754 0 5600 0 0 0 0 0 19974 0 156328 0 0 0 X 7 189283 FAIR MARKET VALUE 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 IS DISTRIBUTED TO THE FULL BOARD FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY COVERS ALL TRUSTEES, OFFICERS AND EMPLOYEES. THE POLICY REQUIRES ALL TRUSTEES AND OFFICERS TO ANNUALLY FILL OUT A CONFLICT OF INTEREST DISCLOSURE ABOUT INTERESTS THAT COULD GIVE RISE TO CONFLICTS. THE SCHOOL USES THE INFORMATION ON THE DISCLOSURE FORMS TO MONITOR FOR POTENTIAL CONFLICTS. CONFLICTS INVOLVING EMPLOYEES, OTHER THAN DIRECTORS, ARE REVIEWED AND RESOLVED BY THE DIRECTORS. CONFLICTS INVOLVING TRUSTEES, OFFICERS, OR THE DIRECTORS, ARE REVIEWED AND RESOLVED BY THE BOARD. NO ONE WITH A CONFLICT IS ALLOWED TO PARTICIPATE IN ANY AFFECTED DECISION. FORM 990, PART VI, SECTION B, LINE 15 SALARIES ARE APPROVED BY THE BOARD OF TRUSTEES AS PART OF THE OVERALL BUDGET PROCESS. FROM TIME TO TIME, THE PRESIDENT REVIEWS PUBLICLY AVAILABLE DATA FROM OTHER SIMILAR INSTITUTIONS. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.