2017-03-20T10:10:39-05:00 2016-06-30 GARY MCGEE & CO LLP 808 SW THIRD AVENUE SUITE 700 PORTLAND OR 97204 990 2015-07-01 930391604 PORTLAND ART MUSEUM PORT 5032262811 1219 SW PARK AVENUE PORTLAND OR 972052430 GARETH NEVITT CHIEF FINANCIAL OFFICER 5032262811 2017-03-16 1 GARY MCGEE P00743279 5032222515 2015 2021-01-29 14:40:06Z BRIAN FERRISO 1219 SW PARK AVENUE PORTLAND OR 972052430 17557449 0 X WWW.PORTLANDARTMUSEUM.ORG X 1892 OR COLLECTION AND PRESERVATION OF ART FOR PUBLIC EXHIBITION. 48 48 319 1198 414938 228244 11486814 10290022 2475289 2688225 962677 774905 1687296 1827584 16612076 15580736 3000 12000 0 0 8087968 8723956 23607 13223 1734664 9624147 8684993 17738722 17434172 -1126646 -1853436 120273341 116072512 1797978 1930489 118475363 114142023 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 11613178 2580903 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 2016 WERE: SEEING NATURE: LANDSCAPE MASTERWORKS FROM THE PAUL G. ALLEN FAMILY FOUNDATION; CONTEMPORARY NATIVE PHOTOGRAPHERS AND THE EDWARD CURTIS LEGACY; NATIVE FASHION NOW; AND CASE WORK. 1249172 12000 743597 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 500 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. 565960 19637 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 108 PUBLIC PROGRAMS, INCLUDING LECTURES, ARTIST TALKS, AND TOURS, AND THE NORTHWEST FILM CENTER HOSTED MORE THAN 50 VISITING ARTISTS. 13428310 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 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 0 319 1 1 1 0 0 0 0 1 1 1 1 0 0 0 X 48 48 1 0 1 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 SHARON BARNES TRUSTEE 1.00 X 0 0 0 MRS LISA BROOKE TRUSTEE 1.00 X 0 0 0 MR JAMES CRUMPACKER 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 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 MR STEVE HOLWERDA TRUSTEE 1.00 X 0 0 0 MRS JUDY HUMMELT 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 MRS NANCY LEMATTA 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 MR DAVID LOFLAND 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 MS LANI MCGREGOR TRUSTEE 1.00 X 0 0 0 MRS ERIKA MILLER TRUSTEE 1.00 X 0 0 0 MRS TRAVERS HILL POLAK TRUSTEE 1.00 X 0 0 0 MR YALE POPOWICH MD TRUSTEE 1.00 X 0 0 0 MR BRIAN RICE 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 MR JOE VOBORIL TRUSTEE 1.00 X 0 0 0 MR ROBERT WARREN TRUSTEE 1.00 X 0 0 0 MR WILLIAM WHITSELL 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 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 MR RICHARD LOUIS BROWN VICE CHAIR 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 390173 0 10220 MR GARETH A NEVITT CHIEF FINANCIAL OFFICER 35.00 X 169670 0 8236 MR JS MAY CHIEF ADVANCEMENT OFFICER 35.00 X 187688 0 8925 MR DONALD D URQUHART DIRECTOR OF COLLECTIONS AN 35.00 X 132379 0 7059 879910 0 34440 4 0 1 0 BROWN PRINTING INC 2245 N VANCOUVER AVENUE PORTLAND OR 97227 PRINTING 189715 COVENANT TECHNOLOGY SOLUTIONS INC 15 - 82ND DRIVE SUITE 120 GLADSTONE OR 97027 IT SERVICES 159127 VINCI-HAMP ARCHITECTS INC 1147 WEST OHIO STREET SUITE 600 CHICAGO IL 60642 CONCEPTUAL DESIGN 133286 PIONEER WATERPROOFING CO INC 14830 SW 72ND AVENUE TIGARD OR 97224 CONSTRUCTION 108780 ART OF CATERING 1019 NW EVERETT STREET PORTLAND OR 97209 CATERING 102974 5 3415932 220319 6653771 388664 10290022 ADMISSIONS 900099 1938123 1938123 TUITION AND FEES 611600 327426 327426 RENTAL SALES GALLERY 453000 257483 257483 OTHER PROGRAM FEES 900099 165193 165193 2688225 774905 774905 1684846 616256 898943 398181 785903 218075 1003978 247244 756734 1271512 679589 591923 424229 167694 MISCELLANEOUS 900099 231683 231683 231683 15580736 3344137 414938 1531639 12000 12000 799934 157378 321503 321053 6656939 5210690 812532 633717 76446 50712 14575 11159 640690 492735 82522 65433 549947 415468 74594 59885 21723 11760 7164 2799 69480 69480 13223 13223 131385 131385 705860 331692 252251 121917 466818 434063 14819 17936 1110166 750477 163038 196651 289797 116930 105327 67540 1060506 878078 173483 8945 255323 231086 10290 13947 12786 4261 5326 3199 1769878 1344827 404209 20842 168356 74772 93584 ART & EXHIBITIONS COSTS 1552917 1552917 OTHER 1308572 983368 148786 176418 UBI TAXES 155454 155454 ALLOCATIONS -394028 375096 -769124 17434172 13428310 2271198 1734664 1510139 1345159 482405 295863 1012769 2098864 357833 491507 347708 351576 495397 340949 86695517 28801696 59097082 57893821 47327156 42979982 8108267 8822818 1534585 1451973 120273341 116072512 1121654 1234231 676324 696258 1797978 1930489 X 68853928 66246337 10684700 8921851 38936735 38973835 118475363 114142023 120273341 116072512 -1853436 -2479904 0 X 0 1 X 1 0 X 12613517 8348888 10988963 11486814 10290022 53728204 12613517 8348888 10988963 11486814 10290022 53728204 2376148 51352056 1572331 1642189 1641990 1736854 1531639 8125003 49187 234488 214958 444314 414938 1357885 361504 60247 57800 66832 231683 778066 63989158 17480841 0.80250 0.78530 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS 520112 ENERGY TAX CREDITS AND INCENTIVES 257954 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 51509201 735253 -1917475 3000613 47326366 54083248 1881891 640026 5095964 51509201 51434833 255967 7249162 4856714 54083248 46600920 1464069 5978345 2608501 51434833 47074398 4150878 -295529 4328827 46600920 0.16660 0.78210 0.05130 0 0 4837854 3565225 8403079 70678750 22879552 47799198 448139 350307 97832 7165549 5571837 1593712 57893821 INTERESTS IN PRIVATE EQUITY PARTNERSHIPS 8822818 F 8822818 15251090 -2479904 304930 -2174974 17426064 131385 -1976713 -1845328 15580736 19584430 304930 1976713 2281643 17302787 131385 131385 17434172 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 -679,589. RENTAL EXPENSES -1,297,124. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 679,589. RENTAL EXPENSES 1,297,124. 1 OREGON MEDIA ARTS FELLOWSHIP 3 12000 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 351828 0 38160 0 185 0 5200 0 5020 0 400393 0 0 0 MR GARETH A NEVITT CHIEF FINANCIAL OFFICER 169488 0 0 0 182 0 3118 0 5118 0 177906 0 0 0 MR JS MAY CHIEF ADVANCEMENT OFFICER 187505 0 0 0 183 0 3655 0 5270 0 196613 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 689 0 CURATORIAL JDGMENT X 5565 STAFF PROF. JDGMENT X 35 262883 QUOTED PRICES X SUPPLIES 21 77436 DONOR VALUATION X SOFTWARE 1 28100 DONOR VALUATION X EQUIPMENT 2 14680 DONOR VALUATION 17 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 FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION ADOPTED AMENDED BYLAWS EFFECTIVE JUNE 29, 2016. THE BYLAWS WERE UPDATED AND MODERNIZED TO INCLUDE A THIRD THREE-YEAR TERM FOR BOARD CHAIR, THE REMOVAL OF A TRUSTEE WHO REFUSES TO SIGN THE CODE OF ETHICS AND SEVERAL CHANGES TO THE COMMITTEE PROCEDURES. FORM 990, PART VI, SECTION B, LINE 11 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. 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 IS 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.