2018-11-14T16:15:31-06:00 2017-12-31 WALTON ENTERPRISES LLC PO BOX 1860 BENTONVILLE AR 72712 990 2017-01-01 201359710 CRYSTAL BRIDGES-MUSEUM OF AMERICAN ART INC % TRACY CUDE CRYS 4794185726 600 MUSEUM WAY BENTONVILLE AR 72712 TRACY CUDE CFO 4794641500 2018-11-14 true KENT C CROUCH P00810750 4794641500 174.79.68.130 71504120183185000001 2018-11-14 P 5333941FE52CABFB0D90AF4D540DC7AED13A34AE B90A258B029F244A7FF47B6775444ED560398DAE 2017 2019-02-21 02:37:17Z TRACY CUDE 600 MUSEUM WAY BENTONVILLE AR 72712 234935381 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 9 419 503 -545091 -1370122 67852798 26352194 991416 2667673 19848374 40322565 3282150 4120356 91974738 73462788 0 0 0 0 13606741 14318492 0 0 1352763 27353718 36261294 40960459 50579786 51014279 22883002 1027114191 1151404421 79639 112815 1027034552 1151291606 X SEE SCHEDULE O false false 2145750 283643 In 2017 CBMAA welcomed over 628,000 guests to participate in various exhibitions and programs highlighting art, architecture and nature. Our major art exhibitions included: Border Cantos, a photography show of images of the Mexican/American border; comprehensive Chihuly glass installation both in the gallery and forest; and Stuart Davis: In Full Swing, an iconic American painter heavily influenced by jazz music. See Schedule O for a more detailed description of the three most significant exhibitions. 3304904 592347 CBMAA offered to the public a variety of educational programs which had over 167,983 attendees in 2017. See Schedule O for a description of the educational programs. 13634160 23872 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 Program Activities. 131172 2164 LIBRARY PROGRAM 131172 2164 19215986 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 227 0 true 419 true true true true CA DA IS KS UK false false false true true false false false false X 9 9 true false false 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 217083 0 30453 ROD BIGELOW EXECUTIVE DIRECTOR 40.0 0.0 X 452695 0 41644 SANDRA EDWARDS DEPUTY DIRECTOR 40.0 0.0 X 319062 0 32515 JILL WAGAR CHIEF STRATEGY OFFICER 40.0 0.0 X 201167 0 33552 SCOTT ECCLESTON DIRECTOR OF OPERATIONS 40.0 0.0 X 161032 0 28972 MARGARET CONRADS DIRECTOR OF CURATORIAL AFFAIRS 40.0 0.0 X 182077 0 31866 NICOLE CICCOTELLI STEWART CHIEF ENGAGEMENT OFFICER 40.0 0.0 X 138180 0 27137 DIANE CARROLL DIRECTOR OF COMMUNICATIONS 40.0 0.0 X 149383 0 20373 1820679 0 246512 13 false true false WHEELER KEARNS ARCHITECTS INC 343 SOUTH DEARBORN STREET SUITE 20 CHICAGO IL 60604 ARCHITECT 1202098 FLINTCO LLC 184 FANTINEL DR SPRINGDALE AR 72762 CONSTRUCTION 763500 VANTAGE POINT COMMUNICATIONS 1 E CENTER STREET 337 FAYETTEVILLE AR 72701 ADVERTISING 438605 GALL EXCAVATION INC 1255 NORTH 13TH STREET ROGERS AR 72756 CONSTRUCTION 383886 BRAVO BUILDING SERVICES INC 2101 SE SIMPLE SAVINGS DRIVE BENTONVILLE AR 72712 CLEANING SERVICES 296053 20 1811049 24541145 10596961 26352194 REPRODUCTION FEES 712110 18912 18912 PROGRAM REGISTRATION FEES 712110 257932 257932 EXHIBITION FEE REVENUE 712110 282393 282393 TICKET SALES 712110 2092140 2092140 TOURS 712110 16296 16296 2667673 12646329 -1806396 14452725 0 0 493245 493245 0 493245 154410 338835 186241391 575821 159135206 5770 27106185 570051 27676236 15463 27660773 0 0 0 0 0 0 5600025 2331617 3268408 2502032 766376 SERVICE REVENUE 712110 140031 140031 OTHER INCOME 712110 218672 218072 600 358703 73462788 5542187 -545091 42113498 0 0 0 0 1098558 245371 800274 52913 0 10378364 2318082 7560395 499887 0 2011101 464583 1440523 105995 830469 185896 604507 40066 0 38720 523 38197 120356 120356 0 0 3689635 3689635 567671 168176 399495 696777 50160 644544 2073 528383 67890 385132 75361 240081 17229 221546 1306 0 727522 727522 591389 312930 157448 121011 0 0 106262 106262 0 9019201 9019201 398368 398368 MUSEUM PROCUREMENT EXPENSES 11585796 11585796 REPAIRS AND MAINTENANCE 1070966 30080 1040886 EXHIBITION EXPENSES 1236773 1228979 7794 COLLECTION MANANGEMENT 616004 616004 5027390 1924287 2648952 454151 50579786 19215986 30011037 1352763 913475 2367972 1201997 1654559 0 0 140308 184619 0 0 0 0 0 0 395256 412765 0 0 280640926 51329180 233351675 229311746 473325412 385467012 286582513 500802193 0 0 0 0 31203555 31203555 1027114191 1151404421 79639 112815 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 79639 112815 X 257271222 255951965 208724450 283308542 561038880 612031099 1027034552 1151291606 1027114191 1151404421 X 22883002 94234215 7139837 X false true true false X 20667173 18027928 18850653 67782361 26261641 151589756 0 0 20667173 18027928 18850653 67782361 26261641 151589756 61914384 89675372 15293696 12777085 10885773 11984003 14076937 65017494 37937 37937 0 216645187 26024928 0.41393 0.37838 X X X X X false 769763330 16370274 136825334 26836341 782956 895339641 670098751 63366740 62710293 -1 24931335 1481120 769763330 720232239 14098999 -16192516 46731414 1308558 670098750 871259512 11657842 52128142 214813257 720232239 0.68360 0.31640 false false 6501649 6501649 241125761 36763987 204361774 25991532 8756226 17235306 7021983 5808966 1213017 229311746 PRIVATE EQUITY 308443530 F EQUITY LONG/SHORT HEDGE FUNDS 168256306 F MULTI-STRATEGY HEDGE FUNDS 24102357 F 500802193 161057423 94234215 -379904 93854311 67203112 6259676 6259676 73462788 40664288 427663 2331618 2759281 37905007 12674779 12674779 50579786 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 Crystal Bridges permanent collection spans five centuries of American masterworks ranging from the Colonial era to the current day. Included within the collection are iconic images such as Asher B. Durands Kindred Spirits, Norman Rockwells Rosie the Riveter, and Andy Warhols Coca-Cola [3] - each reflecting a distinct moment in American artistic evolution - as well as major works by modern and contemporary American artists, including Georgia O'Keeffe, John Baldessari, and James Turrell. The permanent collection, which continues to grow through a strategic acquisition plan, is on view for free admission year-round and is enhanced by an array of temporary exhibitions. 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 serves 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: $ 427,663 Expense net with Revenue on Audit: $(807,567) Total: $(379,904) PART XI, LINE 4b ADJUSTMENTS TO INCOME PER AUDITED FINANCIAL STATEMENTS: VALUE OF ART DONATIONS: $ 7,193,756 EXPENSE NOT NET WITH REVENUE ON AUDIT: $(2,331,618) CASH BASIS ADJUSTMENT: $ 3,664,209 BOOK/TAX DIFFERENCE FROM INVESTMENTS: $(2,266,670) TOTAL DECREASE TO INCOME: $ 6,259,677 PART XII, LINE 2d Amounts reported on the Audit but not on Form 990: EXPENSE NOT NET WITH REVENUE ON AUDIT: $2,331,618 TOTAL: $2,331,618 PART XII, LINE 4b ADJUSTMENTS TO EXPENSE PER AUDITED FINANCIAL STATEMENTS: INCREASED PROCUREMENT EXPENSE: $ 7,193,756 Expense net with Revenue on Audit: $ 807,567 CASH BASIS ADJUSTMENT: $(199,709) BOOK/TAX DIFFERENCE FROM INVESTMENTS: $ 4,873,165 TOTAL INCREASE TO EXPENSE: $ 12,674,779 Central America and the Caribbean Investments 234348878 East Asia and the Pacific Investments 34426162 Europe (Including Iceland and Greenland) Investments 13929801 Middle East and North Africa Investments 435173 North America Investments 4367037 Russia and the Newly Independent States Investments 302302 South America Investments 420325 288229678 288229678 true false true true true false X X X X false false false false false false false false false TRACY CUDE CHIEF FINANCIAL OFFICER 216983 0 0 0 100 0 17516 0 12937 0 247536 0 0 0 ROD BIGELOW EXECUTIVE DIRECTOR 402695 0 50000 0 0 0 28019 0 13625 0 494339 0 0 0 SANDRA EDWARDS DEPUTY DIRECTOR 319062 0 0 0 0 0 26700 0 5815 0 351577 0 0 0 JILL WAGAR CHIEF STRATEGY OFFICER 201067 0 0 0 100 0 20070 0 13482 0 234719 0 0 0 SCOTT ECCLESTON DIRECTOR OF OPERATIONS 153032 0 8000 0 0 0 15681 0 13291 0 190004 0 0 0 MARGARET CONRADS DIRECTOR OF CURATORIAL AFFAIRS 181977 0 0 0 100 0 18440 0 13426 0 213943 0 0 0 NICOLE CICCOTELLI STEWART CHIEF ENGAGEMENT OFFICER 138080 0 0 0 100 0 14063 0 13074 0 165317 0 0 0 DIANE CARROLL DIRECTOR OF COMMUNICATIONS 149283 0 0 0 100 0 12492 0 7881 0 169756 0 0 0 X 325 7193756 INSURANCE VALUE X 20 3199859 HIGH/LOW AVG NYSE X SUPPLIES 7 13318 REPLACEMENT COST X AIRSTREAM FOOD TRAILER 1 186618 REPLACEMENT COST X HYDRATION STATION 1 3409 REPLACEMENT COST 5 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 Border Cantos: Sight & Sound Explorations from the Mexican-American Border: Border Cantos is a collaboration featuring large-scale images by American photographer Richard Misrach and sound-generating sculptures created from objects collected from the Mexican-American border by Mexican composer Guillermo Galindo. Presented in English and Spanish, Border Cantos sheds light on the complexities of immigration. Chihuly: Dale Chihuly has mastered the translucent and transparent qualities of ice, water, glass, and neon to create works of art that transform the everyday experience. These extensive indoor and outdoor installations feature new works by the artist as well as iconic works, spanning the breadth of his career. Stuart Davis: In Full Swing Stuart Davis (18921964) ranks as a preeminent figure in American modern art. This major retrospective spans Daviss long and productive career. Works include the artists early experiments with Cubism, still lifes, and landscapes, to those larger works made at the end of his career in which merge the aesthetics of advertising and jazz with language and distinctly American imagery. 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: 2,478 participants Drop In programs are non-ticketed primarily geared towards families such as in gallery experiences and use of CBMAA's Experience Art Studio: 39,899 attendees Lectures and Talks include gallery talks, panel discussions, lectures, architecture talks, and distinguished speaker series: 5,379 attendees Evening events include events such as Art Night Out, College Night, Film Nights etc targeted towards young adults and include exploratory and multi-disciplinary art forms: 28,791 attendees School Tours: K-12 and college onsite school tours which aligns school based curriculum to art, architecture, and nature: 55,080 students attended Teacher Professional Development offers continuing education credits for a number of programs including Teacher Exhibition Previews, Saturday Sessions, and Evening for Educators: 1,596 educators attended Community Programs integrate visual art enhanced experiences for clients primarily being served by other nonprofit partners. Communities served include those with Alzheimers, Autism, Illiteracy, Hearing and Visually Impaired: 8,762 attendees Public Tours include daily offerings of a number of guided tours of the Museums collection, architecture,Frank Lloyd Wright House, as well as the Grounds: 25,998 attendees FORM 990, PART III, LINE 4C - COLLECTION CARE PROGRAM ACTIVITES: In 2017, CBMAA acquired 339 works of art. By classification 32 drawings, 7 paintings, 280 photographs, 6 sculptures, 8 watercolors, and 6 mixed media were acquired. In 2017, CBMAA had 570 peices of art/object on loan from 13 separate lenders. CBMAA loaned 27 artwork/objects to 14 special exhibitions appearing at 23 institutions during 2017. Exhibition venues included 12 states and 4 foreign countries. Conservation continued during 2017 through the following efforts: Paintings conservator made 3 trips to conduct treatments of 7 paintings and examinations of 46 others. Peter Saul, Superman Versus the Toilet Duck (2012.497), frame of John Trumbull, Alexander Hamilton (2013.4); Fitz Henry Lane, View of Camden Mountains (A2009-013); Yasuo Kuniyoshi, Little Joe with Cow (2010.108); Charles Biederman, Untitled, Paris, February 1, 1937 (2015.33); Stuart Davis, Composition with Winch (A2008-008); and Andy Warhol, Coca-Cola (2013.41) were treated on-site. Objects conservator made 3 trips to conduct treatments of 9 sculptures and examinations of 26 others. Two John Warren models (TC.2015.25.18-19); Joseph Cornell, Palais de Cristal (2014.28); Sam Gilliam, Black and Golden Door (2016.33); Nancy Graves, Fayum-Re (2014.23); Nick Cave, Soundsuit (2010.60); Nam June Paik, John Cage Robot (2011.17); Harry Bertoia, Dandelion from the Hilton Hotel (2013.5); and Betye Saar, Gelede (2017.7) were treated on-site. Elsie Driggs, Blast Furnaces (2017.1) was treated off-site by a conservator in Boston. Three works on paper were treated off-site by a conservator in Kansas City. In the Alfred Stieglitz Collection, all 29 paintings were examined and treated off-site by a conservator in Boston, and all 5 African objects and modern sculptures were examined and treated on-site by our objects conservator. The frame for Peale, George Washington (2010.7) underwent major treatment off-site by a frame studio in Washington, D.C. Staff conducted regular cleaning and maintenance of 22 artworks installed outdoors. At years end, our online collection provided access to 82% of the collection (2,495 artworks) to the public through our website. 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. 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). 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 and CBMAAs annual report (containing summary financial information) is available at crystalbridges.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: $7,139,835 OTHER DIFFERENCES: $2 TOTAL OTHER CHANGES IN FUND BALANCE: $7,139,837 GAE LLC 600 MUSEUM WAY BENTONVILLE AR 72712 BUY/SELL ART DE 1174731