2017-09-07T08:55:54-05:00 2016-12-31 593040705 RIVERO GORDIMER & COMPANY PA P O BOX 172359 TAMPA FL 33672 990 2016-01-01 465497748 THE TAMPA MUSEUM OF ART OPERATIONS & SPECIAL EVENTS INC TAMP 8132748130 120 W GASPARILLA PLAZA TAMPA FL 33602 DR STEPHEN DICKEY TREASURER 8132748130 2017-08-18 1 SAM A LAZZARA P01342929 8138757774 100.3.213.202 2017-08-18 11:13:49 ED P 09EA9D22C696881B8717E3E01823A577CF405E39 09EA9D22C696881B8717E3E01823A577CF405E39 2016 2021-01-29 14:40:06Z DR STEPHEN DICKEY 120 W GASPARILLA PLAZA TAMPA FL 33602 3316517 0 X WWW.TAMPAMUSEUM.ORG X 2014 FL TO PROMOTE BETTER UNDERSTANDING AND APPRECIATION OF ALL ART FORMS. 11 10 3 0 0 0 1782544 2109458 324275 254112 0 0 708121 470151 2814940 2833721 0 0 0 0 1042234 1248147 0 0 211368 1772706 1585574 2814940 2833721 0 0 6069328 6070602 5917545 5918819 151783 151783 TO ORGANIZE, CONDUCT, CARRY ON, EXHIBIT AND PROMOTE PROGRAMS, PROJECTS AND COLLECTIONS FOR BRINGING ABOUT BETTER UNDERSTANDING AND APPRECIATION OF ALL ART FORMS. 0 0 1871937 391736 TAMPA MUSEUM OF ART OPERATIONS AND SPECIAL EVENTS, INC. (TMAOS) WAS FORMED TO ACCEPT FUNDS FROM THE NEW MARKET TAX CREDIT. 1871937 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 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 1 0 0 0 1 0 0 1 3 1 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 FL X WENDELL LOWE 8132748130 120 W GASPARILLA PLAZA TAMPA FL 33602 DR STEPHEN DICKEY TREASURER 1.00 1.00 X X 0 0 0 DEBRA WILLIAMS MCDANIEL MUSEUM CHAIR 1.00 1.00 X X 0 0 0 MICHAEL A TOMOR EXECUTIVE DIRECTOR 17.00 23.00 X X 201801 0 0 TREADY SMITH DIRECTOR 1.00 1.00 X 0 0 0 JEFF TUCKER DIRECTOR 1.00 1.00 X 0 0 0 ED WALLER DIRECTOR 1.00 1.00 X 0 0 0 CHAD CALLAHAN DIRECTOR 1.00 X 0 0 0 CHRIS PHILLIPS DIRECTOR 1.00 X 0 0 0 ALLISON ADAMS DIRECTOR 1.00 1.00 X 0 0 0 SONYA LITTLE DIRECTOR 1.00 1.00 X 0 0 0 PENNY VINIK DIRECTOR 1.00 1.00 X 0 0 0 201801 0 0 1 0 1 0 0 293715 571665 764019 480059 100395 2109458 ADMISSIONS AND PROGRAM 711190 254112 254112 254112 344519 571665 376351 -31832 -31832 470804 106445 364359 364359 OTHER INCOME 900099 137624 137624 137624 2833721 756095 0 -31832 90810 71740 19070 1056941 544889 512052 14053 8539 5514 28824 28824 57519 33331 24188 4911 4911 211368 211368 143085 84086 58999 428746 338709 90037 9462 1295 8167 58985 44132 14853 10190 10190 31183 31183 EXHIBIT EXPENSES 440305 440305 SECURITY 191732 191732 SHIPPING 43868 43868 MISCELLANEOUS 11739 9304 2435 2833721 1871937 750416 211368 15375 16230 346169 356778 282784 272594 5425000 5425000 6069328 6070602 18977 20251 5898568 5898568 5917545 5918819 X 151783 151783 151783 151783 6069328 6070602 0 0 X X 0 1 X 1 0 X X 1 THE TAMPA MUSEUM OF ART INC 591934721 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 LEASEHOLD INTEREST FROM USB FLA INVESTMENT FUND 5118401 LEASEHOLD INTEREST FROM TMA 306599 5425000 X 2940166 106445 106445 2833721 0 2833721 2940166 106445 106445 2833721 0 2833721 PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. THE ORGANIZATION HAS IDENTIFIED ITS TAX STATUS AS A TAX -EXEMPT ENTITY AS ITS ONLY SIGNIFICANT TAX POSITION; HOWEVER, THE ORGANIZATION HAS DETERMINED THAT SUCH TAX POSITION DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE ORGANIZATION IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. THE ORGANIZATION'S FEDERAL RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 106,445. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 106,445. PAVILLION 586012 375875 210137 68460 19151 170135 CITY 157571 113800 43771 9200 15412 35341 3 172601 81990 90611 11045 7140 40467 916184 571665 344519 88705 41703 245943 376351 -31832 0 0 0 0 0 0 0 0 0 MICHAEL A TOMOR EXECUTIVE DIRECTOR 201801 0 0 0 0 0 0 0 0 0 201801 0 0 0 X MISCELLANEOUS AUCTION ITEMS 0 100395 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES APPROVES THE FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE MUSEUM SENDS THE CONFLICT OF INTEREST POLICY TO EACH BOARD MEMBER, WITH THE REQUIREMENT THAT IT MUST BE SIGNED AND RETURNED TO THE ORGANIZATION WITHIN 30 DAYS OF THE BOARD MEMBER'S RECEIPT OF POLICY. SERVICE ON THE BOARD IS CONTINGENT UPON THE COMPLETION OF THE FORM. FORM 990, PART VI, SECTION B, LINE 15 AT THE END OF THE 4TH QUARTER, THE BOARD OF TRUSTEES ANNUALLY COMPLETES A WRITTEN EVALUATION OF THE EXECUTIVE DIRECTOR. THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS THE EXECUTIVE DIRECTOR IN PERSON AND PROVIDES THE FEEDBACK FROM THE ENTIRE BOARD. GOALS AND PRIORITIES ARE SET FOR THE EXECUTIVE DIRECTOR DURING THE 1ST QUARTER OF THE NEW YEAR. ANNUALLY, THE EXECUTIVE COMMITTEE REVIEWS THE ASSOCIATION OF ART MUSEUM DIRECTORS SALARY SURVEY TO ENSURE THAT THE COMPENSATION FOR THE EXECUTIVE DIRECTOR IS IN LINE WITH THE MEDIAN SALARY FOR THE SIZE OF THE ORGANIZATION, THE LOCATION AND THE REGION IN WHICH THE MUSEUM OPERATES. THE EXECUTIVE COMMITTEE THEN MAKES A DECISION AS TO WHETHER A SALARY INCREASE IS WARRANTED AND GUARANTEES THAT THE NEW SALARY IS WITHIN THE RANGE SET. (THE RANGE IS 15% ON EITHER SIDE OF THE MEDIAN SALARY BASED ON AAMD SALARY SURVEY.) FORM 990, PART VI, SECTION C, LINE 18 TMAOS MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 AT THIS TIME, TMAOS ONLY ALLOWS THE PUBLIC TO VIEW ITS FORM 990 AND FINANCIAL STATEMENTS UPON REQUEST OF THE DOCUMENTS. THEY HAVE RECENTLY UPDATED THEIR WEBSITE AND ARE CONSIDERING POSTING THE AFOREMENTIONED DOCUMENTS FOR DISPLAY. FORM 990, PART XII, LINE 2C, FINANCIAL STATEMENTS AND REPORTING: THE PROCESS FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. TAMPA MUSEUM OF ART INC 120 W GASPARILLA PLAZA TAMPA FL 33602 591934721 MUSEUM FL 501(C)(3) 170(B)(1)(A) 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 TAMPA MUSEUM OF ART INC N FMV TAMPA MUSEUM OF ART INC R 7623374 FMV TAMPA MUSEUM OF ART INC S 7265998 FMV TAMPA MUSEUM OF ART INC C 764019 FMV TAMPA MUSEUM OF ART INC (REVENUE) O 137624 FMV TAMPA MUSEUM OF ART INC (EXPENSE) O -863750 FMV FORM 990, SCHEDULE R, PART V, TRANSACTIONS WITH RELATED ORGANIZATIONS: THE MUSEUM ENTERED INTO SEVERAL TRANSACTIONS DURING 2014, IN ORDER TO MAKE ADDITIONAL FUNDS AVAILABLE TO IT THROUGH THE NEW MARKETS TAX CREDIT (NMTC) PROGRAM. TMAOS WAS FORMED ON APRIL 25, 2014 TO ACCEPT THE FUNDS FROM THE NMTC ON MAY 15, 2014. PROCEEDS FROM THE NMTC WERE USED BY THE MUSEUM TO PAY OFF SHORT-TERM DEBT, EXPAND OPERATING CAPITAL, HIRE PERSONNEL, AND SECURE FUTURE EXHIBITIONS. THE MUSEUM ENTERED INTO A LEASE AGREEMENT WITH THE CITY OF TAMPA IN FEBRUARY 2010. THE MUSEUM THEN ENTERED INTO A TRANSFER OF LEASEHOLD INTEREST IN RELATION TO THE NMTC WHICH TRANSFERRED THE OPERATIONS, MANAGEMENT AND ADMINISTRATION OF THE LEASED PREMISES (THE MUSEUM) TO TMAOS AS OF MAY 2014. THE PURCHASE PRICE OF THIS LEASEHOLD INTEREST WAS $5,425,000, OF WHICH $5,118,401 WAS PAID IN CASH AND FINANCED THROUGH THE QCLI LOANS AND $306,599 WAS DEEMED A CONTRIBUTION FROM THE MUSEUM. THE MUSEUM ENTERED INTO AN OPERATING AGREEMENT WITH THE CITY OF TAMPA IN DECEMBER 2007 AND A FIRST AMENDMENT TO THE CITY OPERATING AGREEMENT IN NOVEMBER 2008. THE CITY, THE MUSEUM, AND TMAOS ENTERED INTO A SECOND AMENDMENT TO THE CITY OPERATING AGREEMENT ON MAY 15, 2014, AMENDING THE AGREEMENT SO AS TO ALLOW DELINEATION OF OPERATIONAL, ADMINISTRATION AND MANAGEMENT RESPONSIBILITIES UNDER THE CITY OPERATION AGREEMENT BETWEEN THE MUSEUM AND TMAOS. THE SUB-OPERATING AGREEMENT ALLOWS THE MUSEUM TO FOCUS ON MAINTENANCE OF ITS ART COLLECTION AND ONGOING DEVELOPMENT OF THE ART COLLECTION WHILE TRANSFERRING THE OPERATING, ADMINISTRATION, AND MANAGEMENT FUNCTIONS TO TMAOS. THE MUSEUM WILL PAY TMAOS AN ANNUAL OPERATING EXPENSE CONTRIBUTION NOT TO EXCEED $1,000,000, PAYABLE QUARTERLY IN EQUAL INSTALLMENTS OF $250,000. THE MUSEUM CONTRIBUTED $764,019 TO TMAOS FOR THE YEAR ENDED DECEMBER 31, 2016. THE MUSEUM ENTERED INTO A BILATERAL EMPLOYEE LEASING AGREEMENT WITH TMAOS EFFECTIVE MAY 15, 2014 TO BENEFIT THE WORK OF EACH ENTITY. CERTAIN EMPLOYEES OF THE MUSEUM ARE SHARED WITH TMAOS AND CERTAIN EMPLOYEES OF TMAOS ARE SHARED WITH THE MUSEUM. THESE AMOUNTS ARE ELIMINATED IN THE CONSOLIDATED FINANCIAL STATEMENTS. TMAOS RECEIVED REVENUE FROM THE MUSEUM OF $137,624 FOR EMPLOYEES LEASED TO THE MUSEUM. THE MUSEUM RECEIVED REVENUE FROM TMAOS OF $863,750 FOR EMPLOYEES LEASED TO TMAOS.