2017-11-09T08:56:11-06:00 2016-12-31 EISNERAMPER LLP 750 THIRD AVENUE NEW YORK NY 100172703 990 2016-01-01 141457573 Storm King Art Center % DWAYNE JARVIS STOR 8455343115 1 Museum Road NEW WINDSOR NY 12553 JOHN P STERN DIRECTOR OF FINANCE 8455343115 2017-11-17 true CANDICE METH P01306891 2129498700 64.238.150.10 26368720173135000004 2017-11-09 P BF89B92ADF6B774FBF76079CE69737A6688C4B95 BA9B730043CFBE02C044A3824E7B5D64939582C4 2016 2021-01-29 14:40:06Z JOHN P STERN 1 MUSEUM ROAD NEW WINDSOR NY 12553 9309910 false X WWW.STORMKING.ORG X 1960 NY Storm King Art Center exhibits, acquires, borrows, and conserves modern and contemporary art,focusing on large- scale sculpture sited in its expansive landscape 20 18 103 28 59909 -48055 3669120 5163068 1580761 1515616 8599574 132567 347211 302351 14196666 7113602 0 0 0 0 3119976 3528559 0 0 736792 3689135 3496283 6809111 7024842 7387555 88760 40272213 41224875 588660 480280 39683553 40744595 X Storm King Art Center exhibits, acquires, borrows, and conserves modern and contemporary art, focusing on large-scale sculpture sited in its expansive landscape, to create a dynamic and unique place to explore art in nature. false false 155171 1515616 EXHIBITION: Storm King displays, interprets, and selectively collects significant modern and contemporary artworks. Storm Kings display includes works from its collection, site-specific commissions, long-term loans, and annual exhibitions. 129929 COLLECTION CONSERVATION: Storm King is committed to conserving its collection for long-term display outdoors and for educational opportunities for our growing audience. To this end, Storm King strives to maintain the highest standards of site security, environmental control, and conservation practices. 492024 EDUCATION: Through its Education Department and Public Programs, Storm King invites visitors of all ages to participate and experience art and nature. Deeper learning and research is made possible through a wide range of partnerships, publications, and archival initiatives. 4765769 5542893 true true false false false false true true false false true true false false false true true false false false false false false false true false false false false true false false false false false false false false true false false false false false false false false true 33 0 true 103 true true true false false false false true true false false false false X 20 18 true false false false false false false true true false false true true true true true true true true false NY X DWAYNE JARVIS 8455343115 1 MUSEUM ROAD NEW WINDSOR NY 12553 JAMES H OTTOWAY CHAIRMAN 2.0 0.0 X X 0 0 0 NICK OHNELL VICE-CHAIR 2.0 0.0 X X 0 0 0 DAVID DIAMOND TREASURER 2.0 0.0 X X 0 0 0 PETER A BIENSTOCK TRUSTEE 2.0 0.0 X 0 0 0 ROBERTA DENNING TRUSTEE 2.0 0.0 X 0 0 0 THE DUKE OF DEVONSHIRE TRUSTEE 2.0 0.0 X 0 0 0 CHRISTOPHER J ELLIMAN TRUSTEE 2.0 0.0 X 0 0 0 ANNE P SIDAMON ERISTOFF TRUSTEE 2.0 0.0 X 0 0 0 JANE R GLADSTONE TRUSTEE AS OF 05/2016 2.0 0.0 X 0 0 0 DEBBY LANDESMAN TRUSTEE 2.0 0.0 X 0 0 0 NICHOLAS A POLSKY TRUSTEE 2.0 0.0 X 0 0 0 THOMAS A RUSSO TRUSTEE 2.0 0.0 X 0 0 0 RICHARD J SMITH TRUSTEE 2.0 0.0 X 0 0 0 BEATRICE STERN TRUSTEE 2.0 0.0 X 0 0 0 LISA STERN TRUSTEE 2.0 0.0 X 0 0 0 HUME R STEYER TRUSTEE 2.0 0.0 X 0 0 0 STEPHEN S TREVOR TRUSTEE 2.0 0.0 X 0 0 0 ADAM D WEINBERG TRUSTEE 2.0 0.0 X 0 0 0 JOHN P STERN PRESIDENT 40.0 0.0 X X 334667 0 13960 DAVID COLLENS EXECUTIVE DIRECTOR 40.0 0.0 X X 181041 0 22229 ANTHONY DAVIDOWITZ SECRETARY 40.0 0.0 X 133378 0 13621 DWAYNE JARVIS ASSISTANT TREASURER 40.0 0.0 X 99561 0 5680 RACHEL LEBBY COKER DIRECTOR OF DEVELOPMENT 40.0 0.0 X 150590 0 8351 899237 0 63841 4 false true false 0 188486 1265509 3709073 173914 5163068 ADMISSIONS FEES 900099 1515616 1515616 1515616 101377 101377 0 0 0 0 0 1922508 1891318 31190 31190 31190 136500 1265509 136500 0 0 0 197479 168490 28989 28989 OTHER REVENUE 900099 273969 60516 213453 K-1 PASS THROUGH LOSS 525990 -607 -607 273362 7113602 1515616 59909 375009 0 0 0 0 899236 600862 147784 150590 0 1988528 1710249 119197 159082 123465 95082 13581 14802 248473 198778 22363 27332 268857 228528 18820 21509 0 11738 9390 1761 587 50000 40000 5000 5000 0 0 137464 137464 143689 124950 11554 7185 130344 114275 4552 11517 196716 137701 34029 24986 148839 111629 29768 7442 0 49411 35431 7412 6568 61346 39875 9202 12269 0 9712 3885 3856 1971 0 0 721951 685853 36098 230842 211220 17314 2308 COST OF EXHIBITIONS 301093 301093 BUILDING AND GROUNDS 268556 241700 13428 13428 DEVELOPMENT/MEMBERSHIP 277891 41684 5558 230649 OTHER EXPENSES 346610 287473 39772 19365 410081 323235 66644 20202 7024842 5542893 745157 736792 5484183 2556389 456282 410423 629282 1356071 0 0 0 0 0 0 0 0 352909 358149 56244 53159 28656766 17256256 11593141 11400510 7706857 11953953 6252485 13070649 0 0 0 0 7740830 65572 40272213 41224875 553660 425974 0 0 35000 54306 0 0 0 0 0 0 0 0 0 0 0 0 588660 480280 X 37603489 37478647 2080064 3265948 0 0 39683553 40744595 40272213 41224875 88760 972282 X false true X true false X 3166022 4134023 3140821 3669120 5163068 19273054 0 0 3166022 4134023 3140821 3669120 5163068 19273054 6711284 12561770 211019 314678 266444 254070 101377 1147588 0 321419 95496 147440 262271 273362 1099988 21520630 6199816 0.58371 0.55678 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 30.00 1 1 1 false true X X X X false 5437695 5437695 7198142 4472256 2725886 16020929 12784000 3236929 11400510 0 0 0 X 7948420 972282 972282 6976138 137464 137464 7113602 6887378 6887378 137464 137464 7024842 Schedule D, Part III, Line 4 Storm King Art Centers permanent collection is comprised of more than 120 contemporary and modern sculptures created by some of the most acclaimed artists of our time, including Alexander Calder, Mark di Suvero, Louise Nevelson, Isamu Noguchi, and David Smith. Additionally, the collection includes world-renowned site-specific installations by Maya Lin, Richard Serra, and Andy Goldsworthy, amongst others. Storm Kings collection is essential in the development of educational and public programs as well as exhibition planning. Schedule D, Part II, Line 9 In conformity with the practice followed by many museums, purchased and donated artworks are not included in the statement of financial position, nor are the loan values associated with borrowed artworks. In 2016, Total artwork was insured by the Art Center for $150,000,000. The fair value of borrowed artworks approximated $94,652,500 in 2016. It is the Art Center's policy to insure transported items in the collections at their current fair market value. Schedule D, Part X, Line 2 The Art Center is subject to the provisions of the Financial Accounting Standards Board's (the "FASB") Accounting Standards Codification ("ASC") Topic 740, Income Taxes, as it relates to accounting and reporting for uncertainty in income taxes. the art center is subject to potential unrelated business income tax relating to its investment activities and certain other revenues. Because of the Art Center's general tax-exempt status, ASC Topic 740 has not had, and is not expected to have, a material impact on the Art Center's financial statements. GALA 1098992 986492 112500 112500 SUMMER SOLSTICE 178570 154570 24000 24000 1 124447 124447 1402009 1265509 136500 136500 136500 X X X X false false false false false false false false false JOHN P STERN PRESIDENT 334667 0 0 0 0 0 13250 0 710 0 348627 0 0 0 DAVID COLLENS EXECUTIVE DIRECTOR 181041 0 0 0 0 0 9448 0 12781 0 203270 0 0 0 RACHEL LEBBY COKER DIRECTOR OF DEVELOPMENT 150590 0 0 0 0 0 7683 0 668 0 158941 0 0 0 X 11 173914 FMV false true true SCHEDULE D, PART 1, LINE 32B THE ART CENTER UTILIZES A THIRD-PARTY BROKER TO SELL DONATED SECURITIES. FORM 990, PART VI, SECTION B, LINE 11B ONCE APPROVED BY MANAGEMENT, THE DRAFT FORM 990 IS PROVIDED TO THE AUDIT COMMITTEE OF THE BOARD FOR REVIEW, COMMENTS AND APPROVAL. A COPY OF THE FORM 990 IS PROVIDED TO THE GOVERNING BOARD BY THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR ALL EXECUTIVE COMMITTEE BOARD MEMBERS ARE REQUIRED TO REVIEW THE CONFLICT OF INTEREST POLICY. ANY NEW MEMBERS ARE REQUIRED TO REVIEW THE POLICY BEFORE ACCEPTING THE POSITION. AT COMMITTEE MEETINGS ANY CONFLICT OF INTEREST ISSUES ARE RAISED, DISCUSSED AND RESOLVED AS NECESSARY. ALL BOARD MEMBERS ARE REQUIRED TO SIGN AND SUBMIT A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15B Compensation packages are reviewed annually by the Compensation Committee of the Board based on comparison to industry standards. Additional consideration is given to available funding sources for supporting the compensation package. FORM 990, PART VI, SECTION A, LINE 2 President and Board Member John Stern is the brother of the board members Lisa and Beatrice Stern. FORM 990, PART VI, SECTION C, LINE 19 THE ART CENTER MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.