2018-03-30T12:38:05-05:00 2017-06-30 GARY MCGEE & CO LLP 808 SW THIRD AVENUE SUITE 700 PORTLAND OR 97204 990 2016-07-01 930391604 PORTLAND ART MUSEUM PORT 5032262811 1219 SW PARK AVENUE PORTLAND OR 972052430 GARETH NEVITT CHIEF FINANCIAL OFFICER 5032262811 2018-03-29 1 GARY MCGEE P00743279 5032222515 96.95.137.101 2018-03-29 11:16:54 PD P FA47391B33E1CE1D90D62CD47F4C3AD645CD9827 E9C26B2053BD8084523D9B5D6E191D03241288DC 2016 2021-01-29 14:40:06Z BRIAN FERRISO 1219 SW PARK AVENUE PORTLAND OR 972052430 32386201 0 X WWW.PORTLANDARTMUSEUM.ORG X 1892 OR COLLECTION AND PRESERVATION OF ART FOR PUBLIC EXHIBITION. 50 50 290 907 472978 307087 10290022 24400335 2688225 2985430 774905 865810 1827584 2157255 15580736 30408830 12000 5500 0 0 8723956 8862109 13223 10633 1691075 8684993 7988636 17434172 16866878 -1853436 13541952 116072512 135561850 1930489 1870489 114142023 133691361 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 11259656 3120594 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 2017 WERE: ANDY WARHOL: PRINTS FROM THE COLLECTIONS OF JORDAN D. SCHNITZER AND HIS FAMILY FOUNDATION; RODIN: THE HUMAN EXPERIENCE: SELECTIONS FROM THE IRIS AND B. GERALD CANTOR COLLECTIONS; CONSTRUCTING IDENTITY: PETRUCCI FAMILY FOUNDATION COLLECTION OF AFRICAN-AMERICAN ART; QUEST FOR BEAUTY: THE ARCHITECTURE, LANDSCAPES, AND COLLECTIONS OF JOHN YEON. 1270226 5500 718195 THE MUSEUM'S NORTHWEST FILM CENTER CONDUCTS AN ACTIVE FILM AND VIDEO EXHIBITION PROGRAM, SCREENING MORE THAN 500 FILMS DURING THE YEAR, INCLUDING THE 40 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. 624055 23407 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 113 PUBLIC PROGRAMS, INCLUDING LECTURES, ARTIST TALKS, AND TOURS, AND THE NORTHWEST FILM CENTER HOSTED MORE THAN 100 VISITING ARTISTS. 13153937 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 1 0 0 0 0 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 1 212 0 290 1 1 1 0 0 0 0 1 1 1 3 0 0 0 X 50 50 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 MARY BETH BURPEE 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 MARK FRANDSEN 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 MRS WILLIE KEMP TRUSTEE 1.00 X 0 0 0 MRS SELBY JEAN KEY TRUSTEE 1.00 X 0 0 0 MS KATHLEEN LEWIS 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 DAVID MARGULIS TRUSTEE 1.00 X 0 0 0 MR MELVIN MARK JR 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 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 MR ERIC SMIDT TRUSTEE 1.00 X 0 0 0 MS ANGELA SNOW TRUSTEE 1.00 X 0 0 0 MR PETER STOTT TRUSTEE 1.00 X 0 0 0 MR ROBERT TROTMAN TRUSTEE 1.00 X 0 0 0 MR DON VAN WART 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 MRS DJ WILSON TRUSTEE 1.00 X 0 0 0 MR JAMES H WINKLER TRUSTEE 1.00 X 0 0 0 MR RODNEY YOUCKTON TRUSTEE 1.00 X 0 0 0 MRS JANET GEARY CHAIR 1.00 X X 0 0 0 MR H PAT RITZ CHAIR-ELECT/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 377329 0 10049 MR GARETH A NEVITT CHIEF FINANCIAL OFFICER 35.00 X 185445 0 8785 MR JOHN S MAY CHIEF ADVANCEMENT OFFICER 35.00 X 191985 0 8660 MR CHARLES R BEARDEN DIRECTOR OF OPERATIONS 35.00 X 103216 0 3913 MR DAWSON W CARR CURATOR OF EUROPEAN ART 35.00 X 102693 0 4891 MS DEANA D DARTT-NEWTON CURATOR OF NATIVE AMERICAN ART 35.00 X 125866 0 3658 MR WILMOT FOSTER DIRECTOR OF NWFC 35.00 X 105034 0 7019 MR DONALD D URQUHART DIRECTOR OF COLLECTIONS 35.00 X 128054 0 7586 1319622 0 54561 8 0 1 0 COVENANT TECHNOLOGY SOLUTIONS INC 15 82ND DRIVE SUITE 120 GLADSTONE OR 97027 IT SERVICES 165274 THE LUKENS COMPANY 2800 SHIRLINGTON ROAD 9TH FLOOR ARLINGTON VA 22206 MEMBERSHIP CONSULTING 163644 BROWN PRINTING INC 2245 N VANCOUVER AVENUE PORTLAND OR 97227 PRINTING 148123 ARTEMIS FOODS INC 1610 SE 3RD AVENUE PORLAND OR 97214 CATERING 121486 4 3712786 151071 20536478 1830623 24400335 ADMISSIONS 900099 2278855 2278855 TUITION AND FEES 611600 319816 319816 RENTAL SALES GALLERY 453000 252991 252991 OTHER PROGRAM FEES 900099 133768 133768 2985430 865810 865810 1652853 685272 698360 547140 954493 138132 1092625 285114 807511 1424781 731871 692910 505046 187864 MISCELLANEOUS 900099 371720 371720 371720 30408830 3862196 472978 1673321 5500 5500 847441 166903 341243 339295 6670980 5251726 780140 639114 134892 98016 21763 15113 667599 530783 83254 53562 541197 410708 70424 60065 18685 8935 5962 3788 70396 70396 10633 10633 104082 104082 684226 399797 189331 95098 442882 404191 16855 21836 1224965 845545 182954 196466 326139 127104 112663 86372 994480 836660 150082 7738 222589 202198 7894 12497 30432 17947 6055 6430 1780130 1352617 406551 20962 172070 78249 93821 OTHER 1145760 921921 101733 122106 ART & EXHIBITIONS COSTS 1071705 1071705 UBI TAXES 105626 105626 ALLOCATIONS -405531 423432 -828963 16866878 13153937 2021866 1691075 1345159 1191623 295863 260976 2098864 14082880 491507 184240 351576 344768 340949 332695 86992941 30581825 57893821 56411116 42979982 47746274 8822818 13465210 1451973 1542068 116072512 135561850 1234231 1041366 696258 633781 0 195342 1930489 1870489 X 66246337 67113497 8921851 27320352 38973835 39257512 114142023 133691361 116072512 135561850 13541952 6007386 0 X 0 1 X 1 0 X 8348888 10988963 11486814 10290022 24400335 65515022 8348888 10988963 11486814 10290022 24400335 65515022 9526543 55988479 1642189 1641990 1736854 1531639 1673321 8225993 234488 214958 444314 414938 472978 1781676 60247 57800 66832 231683 371720 788282 76310973 17623825 0.73370 0.80250 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS 788282 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 1 47326366 457043 6670128 2893330 51560207 51509201 735253 -1917475 3000613 47326366 54083248 1881891 640026 5095964 51509201 51434833 255967 7249162 4856714 54083248 46600920 1464069 5978345 2608501 51434833 0.16480 0.74560 0.08960 0 0 4837854 3565225 8403079 70678750 24316774 46361976 448139 366242 81897 7462973 5898809 1564164 56411116 INTERESTS IN PRIVATE EQUITY PARTNERSHIPS 13465210 F 13465210 LIABILITIES ASSOCIATED WITH CHARITABLE TRUST AGREEMENTS 195342 195342 38495568 6007386 206063 6213449 32282119 104082 -1977371 -1873289 30408830 18946230 206063 1977371 2183434 16762796 104082 104082 16866878 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 XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -731,871. RENTAL EXPENSES -1,245,500. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 731,871. RENTAL EXPENSES 1,245,500. 1 OREGON MEDIA ARTS FELLOWSHIP 1 5500 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 1 0 MR BRIAN J FERRISO EXECUTIVE DIRECTOR 365893 0 11250 0 186 0 5300 0 4749 0 387378 0 0 0 MR GARETH A NEVITT CHIEF FINANCIAL OFFICER 179564 0 5700 0 181 0 3599 0 5186 0 194230 0 0 0 MR JOHN S MAY CHIEF ADVANCEMENT OFFICER 188004 0 3800 0 181 0 3891 0 4769 0 200645 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. PART I, LINE 7 A DISCRETIONARY BONUS WAS AWARDED BY THE BOARD OF DIRECTORS. X 755 NOT REPORTED IN FS X 18331 STAFF PROF. JDGMENT X 52 1778025 QUOTED PRICES X SUPPLIES 28 25517 DONOR VALUATION X EQUIPMENT 1 8750 DONOR VALUATION 9 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 ARLENE SCHNITZER AND KATHLEEN LEWIS - FAMILY RELATIONSHIP MELVIN MARK AND LINDA ANDREWS - FAMILY RELATIONSHIP 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 MANAGER. 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.