2019-05-10T11:54:30-05:00 2018-12-31 810348775 JUNKERMIERCLARKCAMPANELLASTEVENS PC PO BOX 16237 MISSOULA MT 59808 990 2018-01-01 810284022 ARCHIE BRAY FOUNDATION ARCH 4064433502 2915 COUNTRY CLUB AVE HELENA MT 59601 DENNIS M TAYLOR BOARD PRESIDENT 4064433502 2019-04-29 1 DREW RIEKER CPA P01372762 4065494148 208.123.198.253 2019-04-29 08:25:21 MD P 78BDC91AA936A7E140D1CEFDE6C197BD664E13FF 78BDC91AA936A7E140D1CEFDE6C197BD664E13FF 2018 2019-02-21 02:37:17Z DENNIS M TAYLOR 2915 COUNTRY CLUB AVE HELENA MT 59601 2848736 0 X WWW.ARCHIEBRAY.ORG X 1951 MT THE MISSION OF THE BRAY IS TO PROMOTE THE CERAMIC ARTS AND PROVIDE A PLACE FOR ALL INTERESTED IN THE CERAMIC ARTS TO LEARN ITS CRAFT, AND PROVIDE THE MATERIALS TO CREATE CERAMIC WORKS FOR EITHER ARTISTIC ENJOYMENT OR FUNCTIONAL USE. 20 20 39 59 0 0 1067934 1539534 98564 278613 78464 71825 377529 331646 1622491 2221618 0 54898 0 0 751307 758343 0 0 223528 640521 650810 1391828 1464051 230663 757567 6855517 7527956 348279 373342 6507238 7154614 X TO MAKE AVAILABLE TO ALL WHO ARE SERIOUSLY INTERESTED IN ANY BRANCH OF THE CERAMIC ARTS, A FINE PLACE TO WORK. THE CORPORATION WILL PROVIDE FACILITIES FOR THE CREATION OF ARTISTIC WORKS AND ASSOCIATION WITH OTHER SERIOUS ARTISTS AS THE FOUNDATION FOR CREATIVE GROWTH. 0 0 967068 54898 628197 THE ARCHIE BRAY FOUNDATION FOR THE CERAMIC ARTS IS A NONPROFIT EDUCATIONAL INSTITUTION FOUNDED IN 1951 BY BRICKMAKER ARCHIE BRAY, WHO INTENDED IT TO BE A PLACE "FOR ALL WHO ARE SERIOUSLY INTERESTED IN ANY OF THE BRANCHES OF THE CERAMIC ARTS, A FINE PLACE TO WORK". ITS PRIMARY MISSION IS TO PROVIDE AN ENVIRONMENT THAT STIMULATES CREATIVE WORK IN CERAMICS. THE 26 ACRE FORMER BRICKYARD IS INTERNATIONALLY RECOGNIZED AS A GATHERING PLACE FOR EMERGING AND ESTABLISHED CERAMIC ARTISTS. THE NEARBY MOUNTAINS AND BRICK FACTORY RUINS PROVIDE A BACKDROP FOR THE CREATIVE ENVIRONMENT; MORE IMPORTANT IS THE DYNAMIC ARTS COMMUNITY CREATED BY THE RESIDENT ARTISTS THAT COME TO THE BRAY TO WORK, SHARE EXPERIENCES, AND EXPLORE NEW IDEAS. 967068 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 50 0 1 39 1 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X THE ORGANIZATION 4064433502 2915 COUNTRY CLUB AVE HELENA MT 59601 DENNIS TAYLOR PRESIDENT 1.00 X X 0 0 0 JOSH DEWEESE VICE PRESIDENT 1.00 X X 0 0 0 EMILY GALUSHA TREASURER 1.00 X X 0 0 0 TIM SPEYER SECRETARY 1.00 X X 0 0 0 CHRIS ANTEMANN DIRECTOR 1.00 X 0 0 0 TERESA OLCOTT COHEA DIRECTOR 1.00 X 0 0 0 JULIA GALLOWAY DIRECTOR 1.00 X 0 0 0 ANDREA GILL DIRECTOR 1.00 X 0 0 0 DAVID HILTNER DIRECTOR 1.00 X 0 0 0 MICHAEL JENSON DIRECTOR 1.00 X 0 0 0 JAN LOMBARDI DIRECTOR 1.00 X 0 0 0 TONY MARSH DIRECTOR 1.00 X 0 0 0 AIDAN MYHRE DIRECTOR 1.00 X 0 0 0 MARK PHARIS DIRECTOR 1.00 X 0 0 0 MICHAEL SHERRILL DIRECTOR 1.00 X 0 0 0 LISA SIMON DIRECTOR 1.00 X 0 0 0 PATTI WARASHINA DIRECTOR 1.00 X 0 0 0 KURT WEISER DIRECTOR 1.00 X 0 0 0 SANDY WIKLE DIRECTOR 1.00 X 0 0 0 MARTHA WILLIAMS DIRECTOR 1.00 X 0 0 0 STEVEN YOUNG LEE RESIDENT DIRECTOR 40.00 X 74106 0 5180 74106 0 5180 0 0 0 0 0 74338 1465196 2245 1539534 JAPAN PROGRAMMATIC TOU 900099 141000 141000 PROGRAM FEES 900099 124988 124988 ADMINISTRATIVE FEES 900099 12625 12625 278613 71825 71825 4033 74338 21971 -17938 -17938 954731 605147 349584 349584 2221618 628197 0 53887 54898 54898 74106 43801 16408 13897 552335 326466 122290 103579 26458 13029 9205 4224 47311 23297 16460 7554 58133 28626 20225 9282 20227 10009 2038 8180 24424 13057 2658 8709 10886 10101 31 754 23936 15057 2084 6795 116369 67180 44938 4251 16412 12896 3516 5734 4482 1252 197940 134234 32823 30883 SPECIAL EVENTS 130453 128821 1214 418 SUPPLIES 41297 30181 2101 9015 REPAIRS AND MAINTENANCE 31648 24628 3675 3345 BANK FEES 29234 26324 -4800 7710 2250 -19 853 1416 1464051 967068 273455 223528 0 251799 511578 401135 229131 371147 25348 22635 306722 278628 14269 2294 6054844 1797257 3596476 4257587 1750951 1521271 16042 16460 405000 405000 6855517 7527956 105561 162333 32400 18556 210318 192453 348279 373342 X 4495498 5099422 1289197 1332649 722543 722543 6507238 7154614 6855517 7527956 X 757567 -151816 41625 0 X 0 1 X 1 0 X 1826882 1254396 611411 1072439 1539534 6304662 1826882 1254396 611411 1072439 1539534 6304662 1112627 5192035 72775 84458 93312 82536 71825 404906 6709568 628197 0.77380 0.79600 X X X X X X OCCASIONAL SALE 1 1077517 -3536 35932 1038049 1152580 28126 143347 246536 1077517 1016963 15000 129906 9289 1152580 900656 128504 -1924 10273 1016963 790127 53257 64874 7602 900656 0.02360 0.69610 0.28030 1 0 84130 84130 5587725 1539217 4048508 380759 256553 124206 2230 1487 743 4257587 LIFE ESTATE PROPERTY 405000 405000 PLANNED GIFT ANNUITIES 14423 LIFE ESTATE OBLIGATION PAYABLE 178030 192453 2089018 -151816 19216 -132600 2221618 0 2221618 1483267 19216 19216 1464051 0 1464051 PART III, LINE 1A: THE FOUNDATION HAS TWO COLLECTIONS, THE ART COLLECTION AND THE LIBRARY COLLECTION. THE COLLECTION ITEMS CONSIST OF POTTERY AND BOOKS THAT ARE HELD FOR EDUCATIONAL AND CURATORIAL PURPOSES. COLLECTION ITEMS ACQUIRED THROUGH DONATION ARE NOT CAPITALIZED AND ARE NOT RECOGNIZED IN THE STATEMENT OF ACTIVITES. PART III, LINE 4: THE COLLECTIONS ARE DISPLAYED IN A GALLERY FOR VIEWING BY THE GENERAL PUBLIC AND INCLUDES NUMEROUS HISTORICAL PIECES, INCLUDING THOSE OF MANY WORLD-RENOWNED ARTISTS. PART V, LINE 4: THE ORGANIZATION'S INTENDED USE FOR THE ENDOWMENT FUNDS IS TO PROVIDE A REASONABLE LEVEL OF CURRENT INCOME TO SUPPORT THE SPENDING POLICY AUTHORIZED BY THE BOARD OF DIRECTORS AND TO GROW THE ENDOWMENT AT A RATE TO COMPENSATE FOR INFLATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 19,216. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 19,216. PART V IN PREVIOUS YEARS THE FOUNDATION INADVERTENTLY INCLUDED AGENCY FUNDS FOR WHICH THE FOUNDATION DOES NOT HAVE VARIANCE POWER IN THE BEGINNING, CHANGES IN, AND ENDING BALANCES OF THE ENDOWMENT FUND SCHEDULE. THE ENDOWMENT FUND SCHEDULE HAS BEEN RESTATED TO EXCLUDE AGENCY FUND AMOUNTS THAT THE FOUNDATION DOES NOT HAVE CONTROL OVER. BRAY BENEFIT AUCTION AND BASH 78371 74338 4033 2925 2991 859 15196 78371 74338 4033 2925 2991 859 15196 21971 -17938 1 FELLOWSHIPS 10 50000 CASH VALUE AWARDS 12 4898 CASH VALUE PART I, LINE 2: THE ORGANIZATION PROVIDES ASSISTANCE TO ARTISTS SELECTED FOR THE RESIDENCY PROGRAM. THE ASSISTANCE PROVIDED IS IN THE FORM OF CASH AND IS INTENDED TO HELP OFFSET LIVING EXPENSES WHILE THE ARTIST COMPLETES THE RESIDENCY PROGRAM. AS A RESULT, NO FORMAL MONITORING OF THE CASH ASSISTANCE IS PROVIDED. X 124 74338 AUCTION SALES PRICE X SUPPLIES 5 2245 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B COPIES OF THE FORM 990 ARE PRESENTED TO THE BOARD FOR REVIEW AT THE ANNUAL MEETING. THE FORM 990 REVIEWED BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD OF DIRECTORS ARE REQIRED TO REPORT ANY CONFLICTS OF INTEREST TO THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PAGE 12, PART XI, LINE 8 DURING THE YEAR ENDED DECEMBER 31, 2018, THE FOUNDATION DISCOVERED ERRORS MADE IN PRIOR PERIODS. AS A RESULT OF THE ERRORS, PROPERTY AND EQUIPMENT, ACCUMULATED DEPRECIATION, AND NET ASSETS WERE OVERSTATED, OVERSTATED, AND UNDERSTATED BY $40,000, $81,625, AND $41,625, RESPECTIVELY, AS OF DECEMBER 31, 2017. PROPERTY AND EQUIPMENT, ACCUMULATED DEPRECIATION, AND NET ASSETS HAVE BEEN ADJUSTED AS OF DECEMBER 31, 2017 TO CORRECT THIS ERROR. THE ERRORS ARE A RESULT OF THE FOUNDATION'S ACCOUNTING FOR ITS LIBRARY COLLECTION AND ITS LIFE ESTATE PROPERTY. PRIOR TO 2018, THE FOUNDATION RECORDED THE FAIR VALUE OF LIBRARY BOOKS WHEN RECEIVED. HOWEVER, THE FOUNDATION'S COLLECTION POLICY REQUIRES COLLECTIONS NOT BE RECOGNIZED IN THE STATEMENT OF FINANCIAL POSITION, INCLUDING DONATIONS OF LIBRARY BOOKS. ADDITIONALLY, THE FOUNDATION RECORDED DEPRECIATION ON ITS LIFE ESTATE PROPERTY WHEN THE ASSET WAS NOT PLACED IN SERVICE BY THE FOUNDATION. DEPRECIATION SHOULD ONLY BE RECORDED ON ASSETS THAT HAVE BEEN PLACED IN SERVICE. THE FOUNDATION HAS CONTINUED TO OVERSEE THE ACTIVITY OF ITS LIBRARY COLLECTION AND OTHER FIXED ASSETS WITH THE ADDITION OF ENHANCED CONTROLS TO ENSURE COLLECTIONS ARE NOT RECORDED AND REPORTED IN THE FUTURE AND THAT ONLY ASSETS THAT HAVE BEEN PLACED IN SERVICE ARE DEPRECIATED.