2018-11-12T13:34:32-06:00 2017-12-31 EISNERAMPER LLP 750 THIRD AVENUE NEW YORK NY 100172703 990 2017-01-01 141457573 Storm King Art Center % DWAYNE JARVIS STOR 8455343115 1 Museum Road NEW WINDSOR NY 12553 JOHN P STERN DIRECTOR OF FINANCE 8455343115 2018-11-12 true CANDICE METH P01306891 2129498700 64.238.150.100 26505220183165000012 2018-11-12 P 93F86D63A96044F6FBB6820012A317C54AC38EAC 0D6C64292980B01E221BB65597699A6824A41647 2017 2019-02-21 02:37:17Z JOHN P STERN 1 MUSEUM ROAD NEW WINDSOR NY 12553 11454625 false X WWW.STORMKING.ORG X 1960 NY Storm King Art Center exhibits, acquires, borrows, and conserves modern and contemporary art,focusing on large-scale sculpture sited in its expansive landscape 19 17 122 34 68018 5163068 5226600 1515616 2512254 132567 760177 302351 371977 7113602 8871008 0 0 0 0 3528559 3899171 0 78059 1021324 3496283 4418793 7024842 8396023 88760 474985 41224875 46283273 480280 502161 40744595 45781112 X STORM KING ART CENTER EXHIBITS, ACQUIRES, BORROWS, AND CONSERVES MODERN AND CONTEMPORARY ART, FOCUSING ON LARGE-SCALE SCULPTURE SITED IN ITS EXPANSIVE LANDSCAPE, TO CREATE A DYNAMIC AND UNIQUE PLACE TO EXPLORE ART IN NATURE. false false 307056 2512254 EXHIBITION: Storm King displays, interprets, and selectively collects significant modern and contemporary artworks. Storm Kings display includes works from its collection, site-specific commissions, long-term loans, and annual exhibitions. 204907 COLLECTION CONSERVATION: Storm King is committed to conserving its collection for long-term display outdoors and for educational opportunities for our growing audience. To this end, Storm King strives to maintain the highest standards of site security, environmental control, and conservation practices. 472439 EDUCATION: Through its Education Department and Public Programs, Storm King invites visitors of all ages to participate and experience art and nature. Deeper learning and research is made possible through a wide range of partnerships, publications, and archival initiatives. 5549714 6534116 true true false false false false true true false false true true false false false true true false false false true false false true true false false false false true false false false false false false false false true false false false false false false false false true 55 0 true 122 true true true false false false false true true false false false false X 19 17 true false false false false false false true true false false true true true true true true true true false NY X DWAYNE JARVIS 8455343115 1 MUSEUM ROAD NEW WINDSOR NY 12553 JAMES H OTTOWAY CHAIRMAN 2.0 0.0 X X 0 0 0 NICK OHNELL VICE-CHAIR 2.0 0.0 X X 0 0 0 DAVID DIAMOND TREASURER 2.0 0.0 X X 0 0 0 PETER A BIENSTOCK TRUSTEE 2.0 0.0 X 0 0 0 ROBERTA DENNING TRUSTEE 2.0 0.0 X 0 0 0 CHRISTOPHER J ELLIMAN TRUSTEE 2.0 0.0 X 0 0 0 ANNE P SIDAMON ERISTOFF TRUSTEE 2.0 0.0 X 0 0 0 JANE R GLADSTONE TRUSTEE 2.0 0.0 X 0 0 0 DEBBY LANDESMAN TRUSTEE 2.0 0.0 X 0 0 0 NICHOLAS A POLSKY TRUSTEE 2.0 0.0 X 0 0 0 THOMAS A RUSSO TRUSTEE 2.0 0.0 X 0 0 0 RICHARD J SMITH TRUSTEE 2.0 0.0 X 0 0 0 BEATRICE STERN TRUSTEE 2.0 0.0 X 0 0 0 LISA STERN TRUSTEE 2.0 0.0 X 0 0 0 HUME R STEYER SECRETARY 2.0 0.0 X 0 0 0 STEPHEN S TREVOR TRUSTEE 2.0 0.0 X 0 0 0 ADAM D WEINBERG TRUSTEE 2.0 0.0 X 0 0 0 JOHN P STERN PRESIDENT 40.0 0.0 X X 347558 0 14222 DAVID COLLENS EXECUTIVE DIRECTOR 40.0 0.0 X X 186731 0 23466 ANTHONY DAVIDOWITZ ASSISTANT SECRETARY 40.0 0.0 X 152361 0 15052 DWAYNE JARVIS ASSISTANT TREASURER 40.0 0.0 X 103056 0 5818 RACHEL LEBBY COKER Dep. Dir. of Ext. Affairs 40.0 0.0 X 173483 0 9510 963189 0 68068 5 false true false 0 214449 1033196 3978955 748059 5226600 ADMISSIONS FEES 900099 2512254 2512254 2512254 131510 131510 0 0 0 0 0 2914520 2285853 628667 628667 628667 100180 1033196 100180 0 0 0 243944 197584 46360 46360 OTHER REVENUE 900099 326008 68409 257599 K-1 PASS THROUGH LOSS 525990 -391 -391 325617 8871008 2512254 68018 1064136 0 0 0 0 789706 516913 146954 125839 0 2393461 1871498 136990 384973 134398 104812 14784 14802 309364 247491 27843 34030 272242 231406 19057 21779 0 4976 3981 746 249 51000 40800 5100 5100 0 78059 78059 116897 116897 225852 203266 11293 11293 143987 122389 7199 14399 281847 211385 55476 14986 134214 100660 26843 6711 0 72440 54330 10866 7244 45134 29337 6770 9027 0 5423 2169 1898 1356 0 0 712254 676641 35613 216187 194568 19457 2162 COST OF EXHIBITIONS 401017 401017 BUILDING AND GROUNDS 365956 329361 21957 14638 DEVELOPMENT/MEMBERSHIP 426823 122931 45856 258036 OTHER EXPENSES 487264 431504 48389 7371 727522 637657 80595 9270 8396023 6534116 840583 1021324 2556389 3977197 410423 1321183 1356071 758001 0 0 0 0 0 0 0 0 358149 370482 53159 255947 28759253 17926723 11400510 10832530 11953953 13549619 13070649 15151238 0 0 0 0 65572 67076 41224875 46283273 425974 437853 0 0 54306 64308 0 0 0 0 0 0 0 0 0 0 0 0 480280 502161 X 37478647 41613564 3265948 4167548 0 0 40744595 45781112 41224875 46283273 474985 4561532 X false true X true false X 4134023 3140821 3669120 5163068 5226600 21333632 0 0 4134023 3140821 3669120 5163068 5226600 21333632 7771573 13562059 314678 266444 254070 101377 131510 1068079 0 95496 147440 262271 273372 325617 1104196 23505907 7985031 0.57696 0.58371 X X 1 30.00 1 1 1 false true X X X X false 5437695 5437695 7250829 4631198 2619631 16070729 13295525 2775204 10832530 ALTERNATIVE INVESTMENTS 15151238 F 15151238 0 0 X 13315643 4561532 4561532 8754111 116897 116897 8871008 8279126 8279126 116897 116897 8396023 Schedule D, Part II, Line 9 CONSERVATION EASEMENT - THE LAND OWNED BY THE ART CENTER IS INCLUDED IN THE ART CENTER'S BALANCE SHEET. THERE IS NO REVENUE AND MINIMAL EXPENSE ASSOCIATED WITH THE CONSERVATION EASEMENT, AND ACCORDINGLY, THERE IS NO FOOTNOTE DISCLOSURE REGARDING THE EASEMENT. Schedule D, Part III, Line 4 Storm King Art Centers permanent collection is comprised of more than 120 contemporary and modern sculptures created by some of the most acclaimed artists of our time, including Alexander Calder, Mark di Suvero, Louise Nevelson, Isamu Noguchi, and David Smith. Additionally, the collection includes world-renowned site-specific installations by Maya Lin, Richard Serra, and Andy Goldsworthy, amongst others. Storm Kings collection is essential in the development of educational and public programs as well as exhibition planning. In conformity with the practice followed by many museums, purchased and donated artworks are not included in the statement of financial position, nor are the loan values associated with borrowed artworks. In 2017, Total artwork was insured by the Art Center for $300,000,000. The fair value of borrowed artworks approximated $248,429,500 in 2017. It is the Art Center's policy to insure transported items in the collections at their current fair market value. Schedule D, Part X, Line 2 The Art Center is subject to the provisions of the Financial Accounting Standards Board's (the "FASB") Accounting Standards Codification ("ASC") Topic 740, Income Taxes, as it relates to accounting and reporting for uncertainty in income taxes. the art center is subject to potential unrelated business income tax relating to its investment activities and certain other revenues. Because of the Art Center's general tax-exempt status, management believes ASC Topic 740 has not had, and is not expected to have, a material impact on the Art Center's financial statements. Central America and the Caribbean 0 0 Investments 13010933 0 0 0 0 13010933 13010933 false false false false false false Part I, Line 3, Column (f) Amount reported using the accrual basis of accounting. X X X X true Development GuildDDI Inc 233 Harvard Street Suite 107 Brookline MA 02446 Fundraising Counsel false 78059 78059 NY GALA 795233 716033 79200 79200 SUMMER SOLSTICE 152443 131463 20980 20980 0 185700 185700 1133376 1033196 100180 100180 100180 X X X X false false false false false false false false false JOHN P STERN PRESIDENT 347558 0 0 0 0 0 13500 0 722 0 361780 0 0 0 DAVID COLLENS EXECUTIVE DIRECTOR 186731 0 0 0 0 0 9752 0 13714 0 210197 0 0 0 RACHEL LEBBY COKER Dep. Dir. of Ext. Affairs 173483 0 0 0 0 0 8830 0 680 0 182993 0 0 0 ANTHONY DAVIDOWITZ ASSISTANT SECRETARY 152361 0 0 0 0 0 7782 0 7270 0 167413 0 0 0 X 10 748059 FMV false true true SCHEDULE M, PART 1, LINE 32B THE ART CENTER UTILIZES A THIRD-PARTY BROKER TO SELL DONATED SECURITIES. FORM 990, PART VI, SECTION A, LINE 2 President and Board Member John P. Stern is the brother of the board members Lisa and Beatrice Stern. FORM 990, PART VI, SECTION B, LINE 11B ONCE APPROVED BY MANAGEMENT, THE DRAFT FORM 990 IS PROVIDED TO THE AUDIT COMMITTEE OF THE BOARD FOR REVIEW, COMMENTS AND APPROVAL. A COPY OF THE FORM 990 IS PROVIDED TO THE GOVERNING BOARD BY THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR ALL EXECUTIVE COMMITTEE BOARD MEMBERS ARE REQUIRED TO REVIEW THE CONFLICT OF INTEREST POLICY. ANY NEW MEMBERS ARE REQUIRED TO REVIEW THE POLICY BEFORE ACCEPTING THE POSITION. AT COMMITTEE MEETINGS ANY CONFLICT OF INTEREST ISSUES ARE RAISED, DISCUSSED AND RESOLVED AS NECESSARY. ALL BOARD MEMBERS ARE REQUIRED TO SIGN AND SUBMIT A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15B Compensation packages are reviewed annually by the Compensation Committee of the Board based on comparison to industry standards. Additional consideration is given to available funding sources for supporting the compensation package. Beatrice Stern and Lisa Stern recuse themselves during the vote and approval of John P. Stern's compensation. FORM 990, PART VI, SECTION C, LINE 19 THE ART CENTER MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.