2017-05-12T17:05:29-05:00 2016-06-30 911194016 CLARK NUBER PS 10900 NE 4TH STREET SUITE 1700 BELLEVUE WA 98004 990 2015-07-01 910640788 SEATTLE ART MUSEUM SEAT 2066258900 1300 FIRST AVENUE SEATTLE WA 981012003 CINDY BOLTON CFO 2066258900 2017-05-10 1 JANE M SEARING P00000565 4254544919 2017-05-10 2015 2021-01-29 14:40:06Z KIMERLY RORSCHACH 1300 FIRST AVENUE SEATTLE WA 981012003 74460920 0 X WWW.SEATTLEARTMUSEUM.ORG X 1917 WA TO PROMOTE AND CULTIVATE THE FINE ARTS. 64 64 340 670 185605 -124135 38170961 30198527 3452335 4923416 8359964 2979755 4131469 5648601 54114729 43750299 0 0 0 0 11827819 15548149 63050 70638 2792305 18823718 21210898 30714587 36829685 23400142 6920614 294168897 298478129 10619385 14650533 283549512 283827596 X FOUNDED IN 1933, THE SEATTLE ART MUSEUM (SAM) CONNECTS ART TO LIFE. AS THE LEADING VISUAL ART INSTITUTION IN THE PACIFIC NORTHWEST, SAM DRAWS ON ITS GLOBAL COLLECTIONS, POWERFUL SPECIAL EXHIBITIONS, NUMEROUS INSTALLATIONS, AND DYNAMIC PROGRAMS TO FULFILL ITS IMPORTANT ROLE AS A CULTURAL AND EDUCATIONAL RESOURCE BENEFITTING THE SEATTLE REGION, THE PACIFIC NORTHWEST, AND BEYOND. FROM A STRONG FOUNDATION OF ASIAN ART TO NOTEWORTHY COLLECTIONS OF AFRICAN AND OCEANIC ART, NORTHWEST COAST NATIVE AMERICAN ART, EUROPEAN AND AMERICAN ART, AND MODERN AND CONTEMPORARY ART, THE STRENGTH OF SAM'S COLLECTION OF APPROXIMATELY 25,000 OBJECTS LIES IN ITS DIVERSITY OF MEDIA, CULTURES, AND TIME PERIODS. WITH THREE LOCATIONS (SEATTLE ART MUSEUM, OLYMPIC SCULPTURE PARK, SEATTLE ASIAN ART MUSEUM), SAM HARNESSES THE POWER OF ART TO ENRICH LIVES AND ENGAGES DIVERSE COMMUNITIES, INCLUDING HUNDREDS OF THOUSANDS OF VISITORS, AS WELL AS THOUSANDS OF SEATTLE-AREA STUDENTS. 0 0 24627909 5311233 MUSEUM SERVICES: PROVIDING A PUBLIC ART MUSEUM INCLUDING THE ACCESSION OF ART OBJECTS AS WELL AS PUBLIC ART EXHIBITIONS AND ART EDUCATION FOR THE GENERAL PUBLIC. MUSEUM PATRONS VISITED THIS YEAR AT THREE DIFFERENT SEATTLE LOCATIONS - THE SEATTLE ART MUSEUM, THE SCULPTURE PARK AND THE ASIAN ART MUSEUM. 24627909 1 1 0 1 0 0 0 1 0 1 1 1 0 1 1 0 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 277 0 1 340 1 1 1 0 0 0 0 1 1 0 0 0 0 X 64 64 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 WA X CINDY BOLTON 2066258900 1300 FIRST AVENUE SEATTLE WA 98101 JOHN FRANK CHAIRMAN 1.00 X X 0 0 0 WINNIE STRATTON PRESIDENT 1.00 X X 0 0 0 SUSAN BROTMAN VICE-PRESIDENT 1.00 X X 0 0 0 BARNEY EBSWORTH VICE-PRESIDENT 1.00 X X 0 0 0 JON SHIRLEY VICE-PRESIDENT 1.00 X X 0 0 0 STEWART LANDEFELD SECRETARY 1.00 X X 0 0 0 MICHAEL CORLISS TREASURER 1.00 X X 0 0 0 MARGARET ALLISON TRUSTEE 1.00 X 0 0 0 EVE ALVORD TRUSTEE 1.00 X 0 0 0 BRUCE BLUME TRUSTEE 1.00 X 0 0 0 JEFF BROTMAN TRUSTEE 1.00 X 0 0 0 CLIFF BURROWS TRUSTEE 1.00 X 0 0 0 DINO DE VITA TRUSTEE 1.00 X 0 0 0 SHEILA EDWARDS LANGE TRUSTEE 1.00 X 0 0 0 JOSE GAITAN TRUSTEE 1.00 X 0 0 0 GARY GLANT TRUSTEE 1.00 X 0 0 0 LYN GRINSTEIN TRUSTEE 1.00 X 0 0 0 BETTY HEDREEN TRUSTEE 1.00 X 0 0 0 AYA HAMILTON TRUSTEE 1.00 X 0 0 0 SUSAN HUTCHISON TRUSTEE 1.00 X 0 0 0 JOHNPAUL JONES TRUSTEE 1.00 X 0 0 0 JANET KETCHAM TRUSTEE 1.00 X 0 0 0 SAM KETCHAM TRUSTEE 1.00 X 0 0 0 SYLVIA KETCHAM TRUSTEE 1.00 X 0 0 0 STEPHEN KUTZ TRUSTEE 1.00 X 0 0 0 NAJMA LALJI TRUSTEE 1.00 X 0 0 0 CARLA LEWIS TRUSTEE 1.00 X 0 0 0 BARBARA MALONE TRUSTEE 1.00 X 0 0 0 GWEN MCCAW TRUSTEE 1.00 X 0 0 0 SCOTT MORRIS TRUSTEE 1.00 X 0 0 0 CHRISTINE NICOLOV TRUSTEE 1.00 X 0 0 0 CHARLES NOLAN TRUSTEE 1.00 X 0 0 0 DOUG NORBERG TRUSTEE 1.00 X 0 0 0 LINDA NORDSTROM TRUSTEE 1.00 X 0 0 0 SALLY NORDSTROM TRUSTEE 1.00 X 0 0 0 MICHAEL PARHAM TRUSTEE 1.00 X 0 0 0 BRANDON PEDERSEN TRUSTEE 1.00 X 0 0 0 LAURA PETERSON TRUSTEE 1.00 X 0 0 0 TIM PUNKE TRUSTEE 1.00 X 0 0 0 BROOKS RAGEN TRUSTEE 1.00 X 0 0 0 CONSTANCE RICE TRUSTEE 1.00 X 0 0 0 KIM RICHTER TRUSTEE 1.00 X 0 0 0 CATHERINE ROCHE TRUSTEE 1.00 X 0 0 0 LEE ROLFE TRUSTEE 1.00 X 0 0 0 STERLING SANKEY TRUSTEE 1.00 X 0 0 0 DAVID SANTILLANES TRUSTEE 1.00 X 0 0 0 FAYE SARKOWSKY TRUSTEE 1.00 X 0 0 0 STAN SAVAGE TRUSTEE 1.00 X 0 0 0 ROBERTA SHERMAN TRUSTEE 1.00 X 0 0 0 GURSHARAN SIDHU TRUSTEE 1.00 X 0 0 0 PRESTON SINGLETARY TRUSTEE 1.00 X 0 0 0 ROBERT STRONG TRUSTEE 1.00 X 0 0 0 INA TATEUCHI TRUSTEE 1.00 X 0 0 0 LYNN THOMSEN TRUSTEE 1.00 X 0 0 0 VIJAY VASHEE TRUSTEE 1.00 X 0 0 0 MANDIRA VIRMANI TRUSTEE 1.00 X 0 0 0 MAGGIE WALKER TRUSTEE 1.00 X 0 0 0 BRIAN WINEKE TRUSTEE 1.00 X 0 0 0 SUSAN WINOKUR TRUSTEE 1.00 X 0 0 0 CURTIS WONG TRUSTEE 1.00 X 0 0 0 CHARLES WRIGHT TRUSTEE 1.00 X 0 0 0 VIRGINIA WRIGHT TRUSTEE 1.00 X 0 0 0 ANN P WYCKOFF TRUSTEE 1.00 X 0 0 0 MARTHA WYCKOFF TRUSTEE 1.00 X 0 0 0 WATSON BLAIR TRUSTEE THRU 9/2015 1.00 X 0 0 0 PAMELA EBSWORTH TRUSTEE THRU 9/2015 1.00 X 0 0 0 PHILIP ISLES TRUSTEE THRU 9/2015 1.00 X 0 0 0 ROBERT KAPLAN TRUSTEE THRU 9/2015 1.00 X 0 0 0 KIMERLY RORSCHACH EXECUTIVE DIRECTOR 40.00 X 504352 0 21316 RICHARD BECKERMAN CHIEF OPERATING OFFICER 40.00 X 196201 0 13149 CHRIS LANDMAN DIRECTOR OF DEVELOPMENT 40.00 X 175738 0 15708 CHIYO ISHIKAWA DEPUTY DIRECTOR OF ART 40.00 X 143188 0 13605 LAUREN MELLON DIRECTOR OF MUSEUM SERVICE 40.00 X 115041 0 11820 NICHOLAS DORMAN CHIEF CONSERVATOR 40.00 X 117442 0 11972 TIMOTHY RAGER DIRECTOR OF IT 40.00 X 105460 0 6114 PATRICIA JUNKER CURATOR OF AMERICAN ART 40.00 X 105107 0 11215 1462529 0 104899 8 0 1 0 UNIVERSAL PROTECTION SERVICE PO BOX 101034 PASADENA CA 91189 SECURITY 611509 BON APPETIT FILE 50196 LOS ANGELES CA 90074 CATERING 389085 LMN ARCHITECTS 801 2ND AVE SEATTLE WA 98104 ARCHITECTS 222806 CAMBRIDGE ASSOCIATES 125 HIGH STREET BOSTON MA 02110 ALT. INVESTMENT DUE DILIGENCE 207290 CONVERGINT TECHNOLOGIES 35257 EAGLE WAY CHICAGO IL 60678 ENGINEERING 119464 6 1339157 4664965 569164 1931734 21693507 3279081 30198527 ADMISSIONS 900099 3776652 3776652 EDUCATIONAL PROGRAMS 900099 791366 791366 MEMBERSHIP DUES 900099 355398 355398 4923416 1888271 -12599 1900870 18315 18315 6661444 3632591 3028853 3028853 3028853 26860072 29052 25797640 0 1062432 29052 1091484 29052 1062432 170825 569164 233287 -62462 -62462 1511318 1047103 464215 358765 105450 REFUNDS & SETTLEMENTS 900099 1942742 1942742 CATERING 722320 143801 70577 73224 PARKING 812930 88708 22177 66531 24429 24429 2199680 43750299 5311233 185605 8054934 937533 534692 210322 192519 9633472 7263406 1501837 868229 3269454 2456264 492766 320424 912240 702963 120150 89127 795450 618730 97274 79446 75169 75169 80920 79374 1546 80461 80461 70638 70638 392643 392643 2239542 2047046 24542 167954 770013 632806 31599 105608 2795610 1966650 227923 601037 75361 4218 71143 6438653 6176986 258960 2707 341163 306870 9361 24932 5916 5916 5354049 213013 5141036 681586 209350 472236 ART ACCESSIONS 726788 726788 EXHIBITIONS 589500 546025 34405 9070 CATERING 452930 175492 19049 258389 TAXES AND LICENSES 98461 34483 63299 679 12133 12127 6 36829685 24627909 9409471 2792305 8393705 13474202 1877151 5782165 29728665 34179391 231789 960985 682619 447180 1270236 1747346 167692590 54110895 119458508 113581695 69621974 68654288 36383704 33887678 26520546 25763199 294168897 298478129 1569215 1915402 1373923 1658423 6326435 6842296 1349812 4234412 10619385 14650533 X 26098584 19739906 130266541 119097054 127184387 144990636 283549512 283827596 294168897 298478129 X 6920614 -6480601 -161929 X 0 1 X 1 0 X 12236263 25229398 22052241 38106868 30198527 127823297 12236263 25229398 22052241 38106868 30198527 127823297 38096236 89727061 7386905 8390431 8057849 8747177 8580629 41162991 0 0 0 0 317611 469293 773309 393465 2106926 4060604 173046892 25742340 0.51850 0.53670 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: PARKING GARAGE - 2011 AMOUNT: $ 41,063. 2013 AMOUNT: $ 75,757. 2014 AMOUNT: $ 74,660. 2015 AMOUNT: $ 66,531. REIMBURSEMENTS - 2011 AMOUNT: $ 46,847. 2012 AMOUNT: $ 50,837. 2013 AMOUNT: $ 181,921. 2014 AMOUNT: $ 65,912. MISCELLANEOUS - 2011 AMOUNT: $ 229,701. 2012 AMOUNT: $ 418,456. 2013 AMOUNT: $ 439,538. 2014 AMOUNT: $ 177,068. 2015 AMOUNT: $ 24,429. CATERING - 2013 AMOUNT: $ 76,093. 2014 AMOUNT: $ 75,825. 2015 AMOUNT: $ 73,224. REFUNDS SETTLEMENTS - 2015 AMOUNT: $ 1,942,742. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 80461 80461 41662199 41742660 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 12052 22150 80461 114663 250000 250000 250000 250000 1000000 1500000 X X X X 0 107882828 8004683 -4104461 5595426 392643 105794981 114256883 293934 -396775 5847155 424059 107882828 99557406 5465469 14910283 5263277 412998 114256883 93887412 361617 10856159 5206879 340903 99557406 101789571 786654 -3262209 5064760 361844 93887412 0.00000 0.96830 0.03170 0 0 17797741 17797741 68161665 17085863 51075802 22849230 5196163 17653067 19967428 13753408 6214020 38916526 18075461 20841065 113581695 PRIVATE EQUITY 3542817 F MARKETABLE ALTERNATIVES 19924650 F REAL ASSETS 10420211 F 33887678 PREPAID LEASES 632333 INCENTIVE TO LESSEE 5863192 DEFERRED FACILITY RENTAL 9164970 FUNDS HELD IN TRUST BY OTHERS 10102704 25763199 PENSION LIABILITY 4234412 4234412 42075863 -6480601 314879 -6165722 48241585 392643 -4883929 -4491286 43750299 41797779 314879 5045858 5360737 36437042 392643 392643 36829685 PART III, LINE 1A: ART OBJECTS ARE EXPENSED WHEN PURCHASED AND THEREFORE NOT SHOWN AS ASSETS ON THE BALANCE SHEET. ART OBJECTS PLEDGED OR DONATED TO THE MUSEUM ARE NOT RECORDED FOR FINANCIAL ACCOUNTING PURPOSES AND, ACCORDINGLY, ARE NOT INCLUDED AS CONTRIBUTED REVENUE IN THE STATEMENT OF ACTIVITIES OR AS RECEIVABLES ON THE BALANCE SHEET. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED IN THE STATEMENT OF ACTIVITIES BASED ON THE EXISTENCE AND NATURE OF DONOR-IMPOSED RESTRICTIONS. PART III, LINE 4: THE MUSEUM'S COLLECTION OF PAINTINGS, SCULPTURES AND OTHER WORKS OF ART PROMOTE AND CULTIVATE THE FINE ARTS THROUGH PUBLIC EXHIBITION, EDUCATIONAL PROGRAMMING AND SCHOLARLY RESEARCH. PART V, LINE 4: TO SUPPORT EXHIBITIONS, ART EDUCATION, ART ACQUISITIONS AND GENERAL OPERATIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES - REPORTED ON FORM 990, PART VIII -233,287. RENTAL EXPENSES - REPORTED ON FORM 990, PART VIII -3,632,591. COST OF GOODS SOLD - REPORTED ON FORM 990, PART VIII -1,047,103. ART DEACCESSION PROCEEDS - REPORTED ON FORM 990, PART VIII 29,052. PART XII, LINE 2D - OTHER ADJUSTMENTS: ART DEACCESSION PROCEEDS - REPORTED ON FORM 990, PART VIII -29,052. SPECIAL EVENT EXPENSES - REPORTED ON FORM 990, PART VIII 233,287. RENTAL EXPENSES - REPORTED ON FORM 990, PART VIII 3,632,591. COST OF GOODS SOLD - REPORTED ON FORM 990, PART VIII 1,047,103. LOSS ON PRIOR YEAR PLEDGES - REPORTED ON FORM 990, PART XI 161,929. X X X X X X X 1 LUKENS COMPANY 2800 SHIRLINGTON ROAD 9TH FLOOR ARLINGTON VA 22206 DIRECT MAIL, ONLINE AND E-MAIL MEMBERSHIP CAMPAIGNS 0 0 63050 -63050 63050 -63050 WA PARTY IN THE PARK 369675 301125 68550 93040 89475 DESIGNER PREVIEW 209600 151200 58400 60 5198 4 160714 116839 43875 32544 12970 739989 569164 170825 125644 5198 102445 233287 -62462 X X X X 0 0 0 0 0 0 0 0 0 KIMERLY RORSCHACH EXECUTIVE DIRECTOR 504352 0 0 0 0 0 15900 0 5416 0 525668 0 0 0 RICHARD BECKERMAN CHIEF OPERATING OFFICER 196201 0 0 0 0 0 7914 0 5235 0 209350 0 0 0 CHRIS LANDMAN DIRECTOR OF DEVELOPMENT 175738 0 0 0 0 0 10544 0 5164 0 191446 0 0 0 CHIYO ISHIKAWA DEPUTY DIRECTOR OF ART 143188 0 0 0 0 0 8567 0 5038 0 156793 0 0 0 X 114 N/A X 1 N/A X 39 4073997 FAIR MARKET VALUE 8 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. PART I, LINE 33: NO REVENUE REPORTED PER SFAS 116. GIFTS OF ART AND BOOKS TO THE MUSEUM'S SPECIAL COLLECTION ARE NOT CAPITALIZED OR RECORDED FOR FINANCIAL ACCOUNTING PURPOSES AND, ACCORDINGLY, ARE NOT INCLUDED AS CONTRIBUTED REVENUE IN THE STATEMENT OF ACTIVITIES OR AS RECEIVABLES ON THE BALANCE SHEET. FORM 990, PART I, LINE 6: VOLUNTEERS PROVIDE CUSTOMER SERVICE, SUPPORTING ADMINISTRATIVE TASKS AND WORK WITH SPECIFIC AUDIENCES TO FACILITATE ART EXPERIENCES. ALL BOARD MEMBERS ARE ALSO VOLUNTEERS. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIR, THE PRESIDENT, EACH VICE PRESIDENT, THE SECRETARY, THE TREASURER, THE IMMEDIATE PAST CHAIR, THE IMMEDIATE PAST PRESIDENT, EACH STANDING COMMITTEE CHAIR AND OTHER AT-LARGE MEMBERS OF THE BOARD OF TRUSTEES, RECOMMENDED BY THE PRESIDENT AND APPOINTED BY THE BOARD. THE TOTAL MEMBERSHIP OF THE EXECUTIVE COMMITTEE IS NO LESS THAN SEVEN (7) AND NO MORE THAN TWENTY (20) MEMBERS. THE EXECUTIVE COMMITTEE HAS ALL OF THE POWERS OF THE BOARD OF TRUSTEES BETWEEN BOARD MEETINGS SUBJECT TO THE LIMITATIONS SET FORTH IN THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 2 ROBERT STRONG AND BROOKS RAGEN HAVE A BUSINESS RELATIONSHIP. SUSAN BROTMAN AND JEFFREY BROTMAN HAVE A FAMILY RELATIONSHIP. VIRGINIA WRIGHT AND CHARLES WRIGHT HAVE A FAMILY RELATIONSHIP. ANN WYCKOFF AND MARTHA WYCKOFF HAVE A FAMILY RELATIONSHIP. JANET KETCHAM, SYLVIA KETCHAM AND SAM KETCHAM HAVE A FAMILY RELATIONSHIP. BROOKS RAGEN AND JON SHIRLEY HAVE A BUSINESS RELATIONSHIP. MICHAEL CORLISS AND DOUG NORBERG HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 THE MUSEUM'S BOARD HAS ENTRUSTED THE AUDIT COMMITTEE WITH REVIEWING THE DRAFT FORM 990 IN DETAIL. THE AUDIT COMMITTEE MAKES RECOMMENDATIONS FOR CHANGES OR APPROVAL TO THE EXECUTIVE COMMITTEE. DUE TO THE SIZE AND COMPLEXITY OF THE ORGANIZATION'S BOARD, A COPY OF THE RETURN IS NOT PROVIDED TO EACH BOARD MEMBER BEFORE FILING; HOWEVER, EACH BOARD MEMBER IS NOTIFIED THAT HE OR SHE CAN REVIEW A COPY OF THE RETURN IF INTERESTED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY APPLIES TO STAFF AND VOLUNTEERS. A DETERMINATION OF WHETHER A CONFLICT OF INTEREST EXISTS IS MADE BY THE BOARD'S AUDIT COMMITTEE IN CONJUNCTION WITH THE MUSEUM'S SENIOR MANAGEMENT TEAM. WHEN AN ACTUAL CONFLICT IS DETERMINED TO EXIST, THE SPECIFICS OF THE CONFLICT ARE REVIEWED BY THE AUDIT COMMITTEE OR SENIOR MANAGEMENT TEAM. ANYONE WITH A CONFLICT OF INTEREST MUST RECUSE THEMSELVES FROM DISCUSSION AND THE DECISION MAKING PROCESS IN WHATEVER CAPACITY THEY MAY HAVE AUTHORITY OVER THE DECISION. IF THE CONFLICTED INDIVIDUAL IS A VOTING MEMBER OF THE BOARD, THEY WILL RECUSE THEMSELVES FROM DISCUSSION AND VOTING ON MATTERS WHERE THEY ARE CONFLICTED. FORM 990, PART VI, SECTION B, LINE 15A THE MUSEUM'S COMPENSATION COMMITTEE, A SUBSET OF THE BOARD OF DIRECTORS, IS RESPONSIBLE FOR THE SETTING OF AND ANNUAL REVIEW OF THE EXECUTIVE DIRECTOR'S COMPENSATION. THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES ANNUALLY REVIEWS THE COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR AND USES COMPENSATION SURVEY DATA. THE ANNUAL BUDGET INCLUDING THIS ARRANGEMENT IS THEN APPROVED BY THE ENTIRE BOARD BASED ON RECOMMENDATIONS FROM THE EXECUTIVE COMMITTEE. THERE IS CONTEMPORANEOUS SUBSTANTIATION OF THIS DELIBERATION AND DECISION. GENERALLY, THE EXECUTIVE DIRECTOR DETERMINES THE SALARY FOR THE CHIEF OPERATING OFFICER AND VICE DIRECTOR. THE LAST COMPENSATION REVIEW OCCURRED IN MARCH 2016. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS ON PRIOR YEAR PLEDGES -161,929.