2017-11-14T14:01:06-06:00 2016-12-31 WALTON ENTERPRISES LLC PO BOX 1860 BENTONVILLE AR 72712 990 2016-01-01 201359710 CRYSTAL BRIDGES-MUSEUM OF AMERICAN ART INC % TRACY CUDE CRYS 4794185726 600 MUSEUM WAY BENTONVILLE AR 72712 ROD BIGELOW EXECUTIVE DIRECTOR 4794641500 2017-11-14 true KENT C CROUCH P00810750 4794641500 40.133.54.170 71504120173185000000 2017-11-14 P 5333941FE52CABFB0D90AF4D540DC7AED13A34AE B90A258B029F244A7FF47B6775444ED560398DAE 2016 2017-02-10 21:41:12Z ROD BIGELOW 600 MUSEUM WAY BENTONVILLE AR 72712 363582208 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 9 337 605 1111332 18921249 67852798 1089493 991416 25286100 19848374 3541588 3282150 48838430 91974738 0 0 0 0 11952438 13606741 0 0 1066135 51909999 27353718 63862437 40960459 -15024007 51014279 929826874 1027114191 57144 79639 929769730 1027034552 X SEE SCHEDULE O false false 1794275 295046 CBMAA presented 3 major and a number of smaller exhibitions to the public in 2016. Exhibitions ranged from photography images of American Culture, Treasures from the American Folk Art Museum, and The Art of American Dance. See Schedule O for a more detailed description of the three most significant exhibitions. 3087362 1113213 CBMAA offered to the public a variety of educational programs which had over 125,000 attendees in 2016. See Schedule O for a description of the educational programs. 6916290 250700 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. 157368 11955295 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 true true true false false true false false false false true 243 0 true 337 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 211121 0 32735 ROD BIGELOW EXECUTIVE DIRECTOR 40.0 0.0 X 435620 0 38286 SANDRA EDWARDS DEPUTY DIRECTOR 40.0 0.0 X 300678 0 31516 JILL WAGAR CHIEF STRATEGY OFFICER 40.0 0.0 X 195373 0 31447 SCOTT ECCLESTON DIRECTOR OF OPERATIONS 40.0 0.0 X 146341 0 26309 MARGARET CONRADS DIRECTOR OF CURATORIAL AFFAIRS 40.0 0.0 X 181257 0 29852 NICOLE CICCOTELLI STEWART CHIEF ENGAGEMENT OFFICER 40.0 0.0 X 134541 0 24699 RONALD WILLIAMS DIRECTOR OF SYSTEMS 40.0 0.0 X 121673 0 17014 1726604 0 231858 10 false true false FLINTCO LLC 184 FANTINEL DR SPRINGDALE AR 72762 CONSTRUCTION 1981069 GALL EXCAVATION INC 1255 NORTH 13TH STREET ROGERS AR 72756 CONSTRUCTION 713067 GENERAL ATLANTIC SERVICE COMPANY L 600 STEAMBOAT RD SUITE 105 GREENWICH CT 06830 INVESTMENT MGMT 701336 WHEELER KEARNS ARCHITECTS INC 343 SOUTH DEARBORN STREET SUITE 20 CHICAGO IL 60604 ARCHITECT 495703 EDUCATION DEVELOPMENT CENTER INC 43 FOUNDRY AVENUE WALTHAM MA 024538313 CONSULTING 449500 17 1407566 66445232 47724335 67852798 REPRODUCTION FEES 712110 4792 4792 PROGRAM REGISTRATION FEES 712110 175262 175262 EXHIBITION FEE REVENUE 712110 283188 283188 TICKET SALES 712110 511230 511230 TOURS 712110 16944 16944 991416 12231390 -42448 12273838 0 0 457591 457591 0 457591 166752 290839 276460128 1014917 269831250 26811 6628878 988106 7616984 -10595 7627579 0 0 0 0 0 0 4332836 1749409 2583425 1859264 724161 SERVICE REVENUE 712110 169262 20007 149255 OTHER INCOME 712110 71872 71752 120 241134 91974738 3109191 1111332 19901417 0 0 0 0 947420 208976 694731 43713 0 9775450 2156205 7168217 451028 0 2098580 371526 1654061 72993 785291 176498 568771 40022 0 42395 1364 41031 123970 123970 0 0 3823340 3823340 345145 147849 197296 621448 41149 579258 1041 514444 107644 358969 47831 243605 15285 226489 1831 0 623218 623218 384704 162286 141154 81264 0 0 134921 134921 0 8645342 8645342 373049 373049 MUSEUM PROCUREMENT EXPENSES 4286229 4286229 REPAIRS AND MAINTENANCE 980575 23187 957388 EXHIBITION EXPENSES 1205475 1198248 7227 COLLECTION MANANGEMENT 992898 992898 4012960 2065951 1620597 326412 40960459 11955295 27939029 1066135 X 983156 913475 5431560 1201997 0 0 134087 140308 0 0 0 0 0 0 340829 395256 0 0 276144738 42793063 233816860 233351675 391760803 473325412 266156024 286582513 0 0 0 0 31203555 31203555 929826874 1027114191 57144 79639 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 57144 79639 X 259670979 257271222 121369825 208724450 548728926 561038880 929769730 1027034552 929826874 1027114191 X 51014279 45913697 336846 X false true X true false X 16415895 20667173 18027928 18850653 67782361 141744010 0 0 16415895 20667173 18027928 18850653 67782361 141744010 61817788 79926222 18508214 15293696 12777085 10885773 11984003 69448771 37937 37937 0 211230718 21124420 0.37838 0.40087 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X false 670098751 63366740 62710293 -1 24931335 1481120 769763330 720232239 14098999 -16192516 46731414 1308558 670098750 871259512 11657842 52128142 214813257 720232239 0.72880 0.27120 false false 6502258 6502258 237285276 30624782 206660494 25797036 7305723 18491313 6560168 4862558 1697610 233351675 PRIVATE EQUITY 108449557 F EQUITY LONG/SHORT HEDGE FUNDS 158350300 F MULTI-STRATEGY HEDGE FUNDS 19782656 F 286582513 129663980 45913697 -1158836 44754861 84909119 7065619 7065619 91974738 36933185 332525 1749411 2081936 34851249 6109210 6109210 40960459 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: $ 332,525 Expense net with Revenue on Audit: $(1,491,361) Total: $(1,158,836) PART XI, LINE 4b ADJUSTMENTS TO INCOME PER AUDITED FINANCIAL STATEMENTS: VALUE OF ART DONATIONS: $ 749,000 CONTRIBUTION REVENUE TIMING DIFFERENCE: $ 2,344 EXPENSE NOT NET WITH REVENUE ON AUDIT: $(1,749,411) CASH BASIS ADJUSTMENT: $ 4,987,423 BOOK/TAX DIFFERENCE FROM INVESTMENTS: $ 3,076,263 TOTAL DECREASE TO INCOME $ 7,065,619 PART XII, LINE 2d Amounts reported on the Audit but not on Form 990: EXPENSE NOT NET WITH REVENUE ON AUDIT: $1,749,411 TOTAL: $1,749,411 PART XII, LINE 4b ADJUSTMENTS TO EXPENSE PER AUDITED FINANCIAL STATEMENTS: INCREASED PROCUREMENT EXPENSE: $ 749,000 Expense net with Revenue on Audit: $ 1,491,361 CASH BASIS ADJUSTMENT: $ 453,397 BOOK/TAX DIFFERENCE FROM INVESTMENTS: $ 3,415,452 TOTAL INCREASE TO EXPENSE: $ 6,109,210 Central America and the Caribbean Investments 181698274 East Asia and the Pacific Investments 28389714 Europe (Including Iceland and Greenland) Investments 18060838 Middle East and North Africa Investments 792379 North America Investments 1113407 South America Investments 237708 230292320 230292320 true false true true true false X X X X false false false false false false false false false TRACY CUDE CHIEF FINANCIAL OFFICER 211121 0 0 0 0 0 21620 0 11115 0 243856 0 0 0 ROD BIGELOW EXECUTIVE DIRECTOR 375620 0 50000 0 10000 0 26500 0 11786 0 473906 0 0 0 SANDRA EDWARDS DEPUTY DIRECTOR 300678 0 0 0 0 0 26500 0 5016 0 332194 0 0 0 JILL WAGAR CHIEF STRATEGY OFFICER 195373 0 0 0 0 0 19962 0 11485 0 226820 0 0 0 SCOTT ECCLESTON DIRECTOR OF OPERATIONS 146341 0 0 0 0 0 15071 0 11238 0 172650 0 0 0 MARGARET CONRADS DIRECTOR OF CURATORIAL AFFAIRS 177757 0 3500 0 0 0 18367 0 11485 0 211109 0 0 0 NICOLE CICCOTELLI STEWART CHIEF ENGAGEMENT OFFICER 134541 0 0 0 0 0 13472 0 11227 0 159240 0 0 0 NWA DOWNTOWN REVITALIZATION FUND STEUART WALTON ENTITY PART OWNER AND CBMAA BOARD DIRECTOR 1521473 SALE OF LAND false SCH. L, PART IV, LINE 1 STEUART WALTON, A CBMAA BOARD DIRECTOR, AND SIBLINGS OWN 76.60% OF NWA DOWNTOWN REVITALIZATION FUND. SCH. L, PART IV, LINE 1, COLUMN (d) NWA DOWNTOWN REVITALIZATION FUND SOLD LAND TO CBMAA AT FMV WHICH WAS LOWER THAN ITS COST BASIS. X 21 749000 INSURANCE VALUE X 9 45346437 HIGH/LOW AVG NYSE X 1 1600000 APPRAISAL VALUE X REACH-IN COCA COLA COOLER 1 13974 REPLACEMENT COST X SUPPLIES 5 10237 REPLACEMENT COST 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 The Open Road: CBMAA's first large-scale photography exhibition, presented the story of the American road as inspiration. Guests could experience roadside motels, Mt. Rushmore, the Grand Canyon, Las Vegas, Route 66, the Pacific Coast Highway, theme parks ,and everyday America. CBMAA had more than 43,000 guests attend the exhibition in the three months it was presented. American Made: Treasures from the American Folk Art Museum: Featuring more than 100 artworks, including quilts, painted furniture, sculpture, weathervanes, works on paper, and more. This exhibition examined the role artworks have played in shaping the visual image and national identity of the United States. CBMAA had more than 28,000 guests attend the exhibtion in the 3 months it was presented. The Art of American Dance: The Art of American Dance was the first major traveling exhibition to explore visual art related to the many forms of American dance. This exhibition of some 90 paintings, prints, sculptures, and photographs examined dance - inspired works from the 1830s to the 1960s - from dance in Native American cultures to ballroom dancing, to Jitterbug, swing, modern dance, and others. In the first two months of this exhibition, more than 25,000 guests have attended. 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: 259 classes with 3,398 participants Drop In programs are non-ticketed primarily geared towards families such as in gallery experiences and use of CBMAA's Experience Art Studio: 135 programs with 35,795 attendance Lectures and Talks include gallery talks, panel discussions, lectures, architecture talks, and distinguished speaker series. 90 events with 6,527 attendance 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: 54 events with 7,524 attendance School Tours: K-12 onsite school tours which aligns school based curriculum to art, architecture, and nature. 792 tours with 42,528 students Teacher Professional Development offers continuing education credits for a number of programs including Teacher Exhibition Previews, Saturday Sessions, and Evening for Educators: 45 sessions with 801 educators 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.: 115 programs with 1,772 attendance 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.: 2,140 tours with 27,461 attendance FORM 990, PART III, LINE 4C - COLLECTION CARE PROGRAM ACTIVITES: In 2016, CBMAA acquired 33 works of art. By classification 10 drawings, 7 paintings, 5 prints, 3 photographs, 3 sculptures, 3 sketchbooks, 1 ceramic work, and 1 installation were acquired. In 2016, CBMAA had 446 peices of art/object on loan from 24 separate lenders. CBMAA loaned 26 artwork/objects to 15 institutions during 2016. CBMAA continued the integration of eMuseum with 2,178 works available to museum staff and the public by the end of the year. eMuseum received 429,404 unique page views during the year, and averaged 15.59% of the page views for the Crystal Bridges website. Conservation continued during 2016 through the following efforts: Paintings conservators made 3 trips to examine recent acquisitions and works requested for outgoing loan. Maria Oakey Dewing, Rose Garden (2006.67); Dorothea Tanning, The Truth about Comets (2014.24); Adolph Gottlieb, Trinity (2011.23); Julie Mehretu, Retopistics (2013.28); and Kenneth Noland, Round (2008.24) were treated on-site by conservators. George Ault, Russells Corners (2015.31), John Biggers, The Garbage Man (2016.8), and Rembrandt Peale, Self-Portrait (2016.13), Helen Frankenthaler, Untitled (2015.10) were treated off-site by conservators in NY. Charles Bird King, Portrait of John Ridge (2016.11) was treated off-site by a conservator in Boston. A conservator for works on paper visited the museum to examine 4 works on paper requested for outgoing loan. An objects conservator visited to clean indoor sculpture and examine 8 additional sculptures. Maya Lin, Silver Upper White River (2015.14) was deinstalled for treatment and re-sealing, then reinstalled by Walla Walla Foundry. The drop from Claes Oldenburg, Alphabet/Good Humor (2008.18) was repaired off-site by a foundry in NY. Several lighting issues were addressed successfully on Leo Villareal, Buckyball (2014.3). FORM 990, PART III, LINE 4D - OTHER PROGRAM SERVICES DESCRIPTION EXPENSES REVENUE LIBRARY PROGRAM $157,368 $0 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: $339,188 CONTRIBUTION REVENUE TIMING DIFFERENCE: $(2,344) OTHER DIFFERENCES: $2 TOTAL OTHER CHANGES IN FUND BALANCE: $336,846 GAE LLC 600 MUSEUM WAY BENTONVILLE AR 72712 BUY/SELL ART DE 1175417