2018-11-14T13:16:48-07:00 2017-12-31 990 2017-01-01 420680419 EDMUNDSON ART FOUNDATION INC EDMU 5152774405 4700 GRAND AVE DES MOINES IA 50312 Cheryl Tuttle Senior Director of Finance 5152774405 2018-11-15 167.142.62.142 2017 2019-02-21 02:37:17Z DES MOINES ART CENTER Jeff Fleming 4700 Grand Ave Des Moines IA 50312 6734976 0 X www.desmoinesartcenter.org X 1946 IA The Des Moines Art Center engages diverse local, national, and international audiences with the art of today through its museum and school, adding to the cultural record through collections and programs. The Des Moines Art Center believes in the power of art to inspire personal, political, and social transformation. We commit to exhibit and explore thought-provoking modern and contemporary art. We connect people and art by offering opportunities for feeling, imagining, dreaming, and creating. We promote curiosity and embrace critical and empathetic thinking with a spirit of openness. We strive to be a welcoming and equitable cultural resource. This effort to ensure access to art for everyone has been a core tenet of the museum since its founding. Admission is always free for all. 28 28 186 208 -120317 0 4631896 2851388 419279 431705 2958567 2881057 238314 -21362 8248056 6142788 0 0 0 0 3300335 3491145 0 0 952517 5417091 3203410 8717426 6694555 -469370 -551767 125094890 138719519 1820620 1863251 123274270 136856268 The Des Moines Art Center engages diverse local, national, and international audiences with the art of today through its museum and school, adding to the cultural record through collections and programs. The Des Moines Art Center believes in the power of art to inspire personal, political, and social transformation. We commit to exhibit and explore thought-provoking modern and contemporary art. We connect people and art by offering opportunities for feeling, imagining, dreaming, and creating. We promote curiosity and embrace critical and empathetic thinking with a spirit of openness. We strive to be a welcoming and equitable cultural resource. This effort to ensure access to art for everyone has been a core tenet of the museum since its founding. Admission is always free for all. 0 0 3356862 0 0 Collections, exhibitions and works of art - Over 300 works of art from the permanent collections are always on display. Examples of our masterpiece-quality works include Claude Monet, Brice Marden, John Singer-Sargent, Francis Bacon, Frank Stella, Cecily Brown, Phillip Guston, Jean Arp, Andy Goldsworthy, Constanin Brancusi, Louise Bourgeois, and Alberto Giacometti. In addition, twelve special exhibitions were presented in 2017. These exhibitions contributed to the dialogues surrounding contemporary art and included Alchemy: Transformations in Gold; Ruptures; and Drawing in Space. We highlighted our permanent collections in smaller shows, such as When the Dog Bites, When the Bee Stings; Wild Life; Giacometti; Studies, Drafts, Sketches; Planetarium; I, Too, am America; Fink/Winogrand; and the Irrational and the Marvelous. Responding to our home state, we presented the Iowa Artist, Yun Shin. We published two major catalogs and several smaller brochures to accompany these projects in addition to a video series highlighting the work in Drawing in Space. Artworks entering the permanent collections came from all corners of the world, showcasing the diversity of our holdings and fulfilling our desire for multiple audiences to "see themselves" in the museum. In 2017, we acquired important works of art through gift and purchase byby Glenn Brown, Elie Nadelman, Rachel Sussman (site specific), Jorge Mendez Blake, the Propeller Group, Wangechi Mutu, Catherine Opie, Sandro Chia, Amy Cutler, Jason Garcia, Yue Minjun, Georg Baselitz, Peter Doig, Grayson Perry, Cornelia Parker, Francesco Clemente, and Grant Wood, among others. Countries represented by these acquisitions include Kenya, Japan, Italy, Spain, Mexico, South Africa, Great Britain, China, Germany, and Vietnam. Open to visitors since September 2009, the John and Mary Pappajohn Sculpture Park features artwork by 28 of the world's most celebrated artists. Related education programs reached thousands of children and adults. 1784927 0 407605 Education - The Art Center's public and educational programs are committed to connecting people and art by offering opportunities for feeling, imagining, dreaming. Furthermore, we aim to promote curiosity and embrace critical and empathetic thinking with a spirit of openness, striving to be a welcoming and equitable cultural resource. Our efforts include operating a public art school, engaging in partnerships with more than 30 social and human service organizations, offering on- and off-site school enrichment curricula, creating opportunities for child-centered learning and family engagement, leading guided visits of the museum and Pappajohn Sculpture Park, and hosting varied public events that foster continued learning. Three terms of classes and workshops including animation, ceramics, drawing, jewelry making, painting, photography and more are offered annually and served approximately 3,100 students (children, adults, and families) in 2017. Of those students, approximately 4% (or 130 people) received scholarships. Our art access programs, comprised of six areas of focus, served more than 1,800 youth and adults from under served communities. The areas of focus include curriculum around art and literacy, gender specific issues, multiculturalism, school enrichment, confidence and strength building, and mentor/mentee programs. A few examples of school programming includes teaching the art curriculum for a local private school's seventh and eighth grade students, hosting more than 650 elementary-aged students from five rural school districts in a full day's worth of activities in the museum and art studios, and reaching hundreds of teens through a program called "High School Days" and curriculum for our "Teen and Clay Academies." Entirely Kids is initiative of classes, events, and museum materials encouraging cultural experiences for children and families. The tours and docent programs play an incredibly important role in serving our community, reaching more than 19,000 visitors, of which 5,700 fourth grade students from Des Moines and seven surrounding school districts participate without the burden of transportation costs. Docents receive both preparatory and sustained training around developing skills as facilitator, a listener, and a guide, and strategies for leading visitors in their own learning. Our public programming speaks directly to serving adult learners. In 2017 events ranged from lectures, gallery talks, and film screenings to yoga in the galleries, a collaboration of dance and visual art that took place in our featured exhibition "Ruptures," and two intensive seminars with visiting artists and self-selecting individuals. More than 2,700 people attended these programs. 0 0 0 5141789 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 37 0 1 186 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X X Cheryl A Tuttle 5152774405 4700 GRAND AVE DES MOINES IA 50312 Andrea Abel Trustee 1 0 X 0 0 0 Joseph Ceryanec Trustee 1 0 X 0 0 0 Richard Deming Trustee 0 0 X 0 0 0 Paula Feltner Trustee 1 0 X 0 0 0 Lois Fingerman Trustee 1 0 X 0 0 0 Jason Gross Trustee 1 0 X 0 0 0 Christine Hensley Trustee 1 0 X 0 0 0 Ellen Hubbell Trustee 1 0 X 0 0 0 Bruce Hughes Trustee 1 0 X 0 0 0 Dale Jansen Trustee 1 0 X 0 0 0 Mary Kelly Trustee 1 0 X 0 0 0 Dan Keough Trustee 1 0 X 0 0 0 Raynard Kington Trustee 1 0 X 0 0 0 Lisa Kruidenier Trustee 1 0 X 0 0 0 Warren May Trustee 1 0 X 0 0 0 Renee Montz Trustee 1 0 X 0 0 0 Wayne Reames Trustee 1 0 X 0 0 0 Craig Shadur Trustee 1 0 X 0 0 0 Sharon Simmons Trustee 1 0 X 0 0 0 Mike Simonson Trustee 1 0 X 0 0 0 Doug West Trustee 1 0 X 0 0 0 Dennis Young Trustee 1 0 X 0 0 0 James Wallace President 1 0 X X 0 0 0 Pamela Bass-Bookey Vice President 1 0 X X 0 0 0 Darren Jirsa Vice President 1 0 X X 0 0 0 Graham Cook Treasurer 1 0 X X 0 0 0 Stacy Polydoran Secretary 1 0 X X 0 0 0 Kyle Krause Chairperson and Ex-Officio 1 0 X X 0 0 0 Jeff Fleming Director 40 0 X X 263035 0 51045 Cheryl Tuttle Director of Finance and Operations 40 0 X 136673 0 16753 399708 0 67798 2 0 1 0 0 0 351988 170400 0 40000 2289000 0 2851388 Studio classes & programs 611610 407605 407605 0 0 Sales of commissioned prints 900099 10560 10560 0 0 Reproduction & loan fees 900099 4306 4306 0 0 Exhibition catalog sales 900099 9234 9234 0 0 0 0 0 0 431705 2881057 0 0 2881057 0 0 0 0 0 0 0 0 54598 0 56500 0 -1902 0 -1902 0 -1902 0 0 0 190125 170400 178114 12011 0 12011 248453 357574 -109121 0 -109121 0 Restaurant 900099 -9294 0 -9294 0 86944 86944 0 0 77650 6142788 518649 -120317 2893068 0 0 0 0 0 0 0 0 399708 86802 226104 86802 0 0 0 0 2426262 1905324 92683 428255 41252 25460 7693 8099 429570 291451 48466 89653 194353 140255 21006 33092 0 0 0 0 4006 275 3731 0 31985 0 31985 0 0 0 0 0 0 0 0 0 0 0 103257 55820 19000 28437 57697 45973 0 11724 387075 245905 45194 95976 144069 92525 28552 22992 0 0 0 0 399490 372767 8533 18190 120916 99506 16423 4987 0 0 0 0 42308 28499 8091 5718 0 0 0 0 0 0 0 0 523860 489337 11542 22981 183379 164496 10269 8614 Works of art purchased 340240 340240 0 0 Conservations 51833 51833 0 0 Direct program costs, including exhibition expenses 658814 634121 0 24693 Entertainment 87507 32222 15033 40252 66974 38978 5944 22052 6694555 5141789 600249 952517 2409000 2798734 137761 128011 631585 500000 97513 121366 0 0 0 0 0 0 108020 96174 147172 240568 19889354 14854083 5538912 5035271 49753600 55638407 0 0 0 0 0 0 66271327 74160988 125094890 138719519 1440063 1412374 0 0 0 0 0 0 0 0 0 0 0 0 0 0 380557 450877 1820620 1863251 X 25482260 27594158 8355376 11663748 89436634 97598362 123274270 136856268 125094890 138719519 -551767 14133765 0 0 0 0 X 0 1 X 1 0 X 3713729 2284234 3261724 4631896 2851388 16742971 0 0 0 0 0 0 0 0 0 0 0 0 3713729 2284234 3261724 4631896 2851388 16742971 3617543 13125428 2170837 2766569 3112010 2958567 2881057 13889040 -49304 -71145 -60234 -151559 -120317 -452559 0 0 0 0 0 0 30179452 518649 0.43491 0.41935 X 0 0 X X X X 0 47900015 876944 7368657 0 2008594 0 54137022 44356122 634217 4816926 0 1907250 0 47900015 46092781 252305 -255807 0 1733157 0 44356122 43556735 243366 3982945 0 1690265 0 46092781 35918159 637292 8536171 0 1534887 0 43556735 0.37 0.43 0.2 1 0 0 0 0 0 18592780 13652919 4939861 0 0 0 0 0 1296574 1201164 95410 0 0 0 0 5035271 Funds held in trust 74160988 74160988 0 Deferred compensation 450877 450877 X 20892108 14133765 0 0 615555 14749320 6142788 0 0 0 6142788 7310110 0 0 0 615555 615555 6694555 0 0 0 6694555 Schedule D, Part III, Line 1 The collections, which were acquired through purchases and contributions since the Foundation's inception, are not recognized as assets on the statements of financial position. Purchases of collection items are recorded as decreases in net assets in the year in which the items are acquired. Contributed collection items are not reflected on the financial statements. Proceeds from deaccessions or insurance recoveries are reflected as increases in the appropriate net asset classes. Schedule D, Part III, Line 4 In keeping with its mission, the Foundation collects works of art from the 19th, 20th, and 21st centuries. Its permanent collections focus on masterpiece quality post 1945 and contemporary international art and are acclaimed for the scholarly import awarded to them. Of the approximately 5,000 objects in the collections, approximately 3,000 are works on paper that range from Rembrandt, Goya, and Durer to the present. There are regular presentations of artworks in the exhibition galleries at the Foundation. Selected objects from the permanent collections are shown as part of special exhibitions either at the Foundation or in museums throughout the world. When not on exhibit at the Foundation or on loan to museums for temporary exhibitions, the objects are cared for in climate controlled storage areas. The Foundation maintains policies and procedures addressing the collections' upkeep, as well as other aspects of its management, including accession and deaccession policies. Schedule D, Part V, Line 4 The Foundation's endowment consists of several individual funds established for a variety of purposes and includes both donor restricted endowment funds and funds designated by the Board of Trustees (the Board) to function as endowments. The Foundation has a policy of appropriating for distribution each year 4.5% of its endowment fund's average fair value over the prior 12 quarters through the second quarter preceding the fiscal year in which the distribution is planned. Single gifts exceeding $200,000 are deducted from this calculation and a specific appropriation of 4.5% of such gifts is allowed for the 12 quarters following these gifts. In establishing this policy, the Foundation considered the long term expected return on its endowment. Accordingly, over the long term, the Foundation expects the current spending policy to allow its endowment to grow or maintain the principal of the endowment gifts. This is consistent with the Foundation's objective to maintain the purchasing power of the endowment assets held in perpetuity or for a specified term as well as to provide additional real growth through new gifts and investment return. Schedule D, Part X, Line 2 The Foundation is a tax exempt organization as described in Section 501(c)(3) of the Internal Revenue Code. As such, the Foundation is subject to federal and state income taxes only on unrelated business income under the provisions of Section 511 of the Internal Revenue Code. The Foundation recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. Interest and penalties on unrecognized tax benefits are classified as other noninterest expense. As of December 31, 2017 and 2016, the Foundation had no material unrecognized tax benefits. Schedule D, Part XI, Line 2d Direct costs netted against revenues, including cost of goods sold, special events direct expenses, and rental expenses. Schedule D, Part XII, Line 2d Direct costs netted against revenues, including cost of goods sold, special events direct expenses, and rental expenses. Gala 227500 170400 57100 0 0 0 34529 0 45419 Patron Trips 133025 0 133025 0 0 0 0 12796 85370 0 360525 170400 190125 0 0 0 34529 12796 130789 178114 12011 X X X 0 0 0 0 0 0 0 0 0 Jeff Fleming Director 263035 0 0 0 0 0 25000 0 26045 0 314080 0 300083 0 Schedule J, Part I, Line 3 The Executive Committee of the Board of Trustees reviews and determines the compensation of the Director, which is voted on and approved by the full board. They review any potential conflicts of interest, of which there were none in 2017. They use primarily the American Association of Museum Directors' (AAMD) salary comparisons as a guide to determine comparable compensation of similarly qualified persons in functionally comparable positions at similarly situated organizations. This review is documented with written notes regarding the compensation agreement reached after discussion between the Executive Committee (or its representative, the president of the Board of Trustees) and the Director. X 4 0 n/a 4 0 1 0 Schedule M, Part I, Line 33 The Foundation's collections are not recognized as assets on the statements of financial position as allowed by GAAP and recommended by the American Association of Museums (AAM). Purchases of collection items are recorded as decreases in net assets in the year in which the items are acquired. Contributed collection items are not reflected on the financial statements as allowed by GAAP and disclosed in our audited financial statements. Form 990, Part VI, Section B, Line 11b All members of the Board of Trustees were provided a copy of the Form 990 prior to filing. The Finance Committee, as delegated by the Board of Trustees, reviewed the Form 990 prior to providing a copy to the Board. Form 990, Part VI, Section B, Line 12c The Foundation's Code of Ethics applies to all trustees, employees and volunteers. A Conflict of Interest Questionnaire is completed annually by trustees and employees. Potential conflicts identified are investigated by the Trusteeship Committee. Trustees with actual conflicts do not participate in deliberations or vote on the matter in question. Potential employee conflicts are investigated by the Director and/or the Director of Finance & Operations. Form 990, Part VI, Section B, Line 15 The Executive Committee of the Board of Trustees reviews and determines the compensation of the Director, which is voted on and approved by the full board. They review any potential conflicts of interest, of which there were none in 2017. They use primarily the American Association of Museum Director's (AAMD) annual salary comparisons as a guide to determine comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations. This review is documented with written notes regarding the compensation agreement reached after discussion by the Executive Committee or its representative, the President of the Board of Trustees, and the Director. For key employees of the organization, the (AAMD) annual salary comparable positions at similarly situated organizations. comparisons are used as the primary guide to determine comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations. Form 990, Part VI, Section C, Line 19 The Foundation's governing documents, conflict of interest policy, and financial statements are available to the public upon request. Extensions were filed but not through the efile site.