2017-05-12T14:32:23-05:00 2016-06-30 134008324 PricewaterhouseCoopers LLP 600 13th Street NW 1000 Washington DC 20005 990 2015-07-01 951644606 NORTON SIMON MUSEUM OF ART AT PASADENA NORT 6264496840 411 West Colorado Boulevard Pasadena CA 911051825 Ronald H Dykhuizen Chief Financial Officer 6268446910 2017-05-12 1 Travis L Patton P00369623 2024141000 2015 2021-01-29 14:40:06Z Walter W Timoshuk 411 West Colorado Boulevard Pasadena CA 911051825 16230090 0 X www.nortonsimon.org X 1924 CA Operation of a public art museum. 12 11 231 11 0 0 1518008 5852877 895267 816699 4610583 1933191 302548 277448 7326406 8880215 0 247 0 0 4385442 4419725 0 0 0 1844943 1896108 6230385 6316080 1096021 2564135 85815394 85180950 1037316 1395276 84778078 83785674 X The Museum's exempt purposes are to: (i) establish and maintain a museum and library of art, painting, and sculpture; (ii) encourage and develop the study of the fine arts and advance the general knowledge of kindred subjects; and (iii) do any and (continued on Schedule O) all things incidental, accessory or advantageous to the carrying out of such purpose or purposes. 0 0 4858784 247 816699 Operation of a public art museum, which is open six days a week. Annual attendance is approximately 168,000. Museum programs include guided tours and educational publications that are available at the museum bookstore. 4858784 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 21 0 1 231 1 0 0 0 0 0 1 1 0 0 0 0 X 12 11 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 0 1 1 0 CA X Ronald H Dykhuizen 6268446910 411 W Colorado Blvd Pasadena CA 91105 Roy Doumani Trustee 1.00 0.00 X 0 0 0 Pamela Simon Jensen Trustee 1.00 0.00 X 0 0 0 Dr Guy Juillard Trustee 1.00 0.00 X 0 0 0 Ronald L Olson Trustee 1.00 0.00 X 0 0 0 Dr Earl A Powell III Trustee 1.00 0.00 X 0 0 0 Victoria B Rogers Trustee 1.00 0.00 X 0 0 0 Douglas Simon Trustee 1.00 0.00 X 0 0 0 Dr David Steadman Trustee 1.00 0.00 X 0 0 0 John Van de Kamp Trustee 1.00 0.00 X 0 0 0 Thomas L Pfister Trustee; Chair 2.00 1.00 X X 0 0 0 Tom Brokaw Trustee; Vice Chair 1.00 0.00 X X 0 0 0 Walter W Timoshuk Trustee; President 30.00 30.00 X X 312423 312424 179126 Ronald H Dykhuizen VP; CFO; Trsr; Assist Sec 30.00 30.00 X 206692 206693 90061 Stephanie Villasenor Secretary 12.50 37.50 X 39573 118718 24555 Cindy Schembri Controller 25.00 25.00 X 53777 53779 51033 John Sudolcan Director of Operations 50.00 0.00 X 129012 0 68008 Carol Togneri Chief Curator 25.00 25.00 X 68399 68399 35846 809876 760013 448629 3 0 1 0 Mariposa Horticultural Enterprises Inc 15529 Arrow Highway Irwindale CA 91706 Landscape maintenance 138160 1 302357 44896 5505624 5852877 Admissions 900099 782978 782978 Tours 900099 21599 21599 Public Events 900099 11797 11797 Photo Income 900099 325 325 816699 1140677 1140677 7850362 7057848 792514 792514 792514 569475 292027 277448 277448 8880215 816699 0 2210639 247 247 676279 676279 2902544 2672520 230024 181770 152583 29187 395132 314070 81062 264000 189275 74725 9002 9002 42400 42400 53263 53263 192506 175972 16534 7146 6297 849 149949 46962 102987 1094 1094 383015 356204 26811 5055 2401 2654 145 145 508176 472604 35572 163108 128572 34536 Facilities/maintenance 149909 149909 Curatorial 60934 60934 Security 44117 44117 Disposed property loss 34382 31974 2408 91907 53998 37909 6316080 4858784 1457296 0 696908 643060 0 0 15780471 20215253 19424 20014 0 0 0 0 0 0 519828 527154 191324 177547 17494286 11288809 6325965 6205477 55598438 48825408 6647633 8531634 0 0 0 0 35403 35403 85815394 85180950 1037316 1395276 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1037316 1395276 X 68660188 67954368 15875489 15588905 242401 242401 84778078 83785674 85815394 85180950 X 2564135 -3369916 -172434 -14189 X 0 1 X 1 0 X 5359686 5882088 6463032 1610792 5945661 25261259 2326786 2327622 2329474 2865921 2601444 12451247 7686472 8209710 8792506 4476713 8547105 37712506 22375088 15337418 821236 896425 869809 1054956 1140677 4783103 42495609 6582748 0.36090 0.36120 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 308679 -6297 15069 287313 322713 323 14357 308679 286209 50430 13926 322713 268977 30771 13539 286209 285707 -2857 13873 268977 0.84370 0.15630 0 0 15180024 9145249 6034775 810774 661822 148952 1503488 1481738 21750 6205477 Weatherlow Offshore Fund 6194609 F Wellington USREE 2337025 F 8531634 X 9202502 30260 30260 9172242 -292027 -292027 8880215 6824990 202694 306216 508910 6316080 0 6316080 Part III, Line 1a: The following footnote is included in the Museum's audited financial statements: "In conformity with accounting policies generally followed by art museums, the value of the Museum's collections has been excluded from the Statements of Financial Position, and gifts of art objects are excluded from the Statements of Activities. Purchases of art objects by the Museum would be separately identified as decreases in net assets in the Statements of Activities. It is the Museum's policy to designate proceeds from the sale of art for the acquisition of art. The collections are maintained for public exhibition, education, and research in furtherance of public service, rather than for financial gain." Part III, Line 4: The Museum's exempt purposes are to: (i) establish and maintain a museum and library of art, painting, and sculpture; (ii) encourage and develop the study of the fine arts and advance the general knowledge of kindred subjects; and (iii) do any and all things incidental, accessory or advantageous to the carrying out of such purposes. The Museum houses more than 12,500 works of art, including paintings, sculptures, drawings and other works on paper, photography, and other miscellaneous art objects. Approximately 1,000 works are on view in the galleries and gardens. Four temporary exhibition galleries feature rotating installations of artworks not on permanent display. Part V, Line 4: To support the general operations of the Museum. Part X, Line 2: The following footnote is included in the Museum's audited financial statements for the tax year ending June 30, 2016: "The Museum is recognized as exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code and Section 23701(d) of the California Revenue and Taxation Code. As required by the Income Taxes Topic of the FASB ASC, the Museum recognizes the effect of income tax positions only if those positions are more likely than not to be sustained. The Museum believes that it has appropriate support for the tax positions taken and, as such, does not have any uncertain tax positions that result in a material impact on the Museum's financial position or statements of activities." Part XI, Line 4b - Other Adjustments: Cost of goods sold -292,027. Part XII, Line 2d - Other Adjustments: Cost of goods sold 292,027. Depreciation on capitalized donated services 14,189. Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 Investments 7318000 0 0 0 0 0 0 7318000 0 7318000 1 0 1 1 0 0 X X X X X X 0 1 0 0 0 0 0 0 0 Walter W Timoshuk Trustee; President 310328 310328 0 0 2095 2096 53250 53250 36313 36313 401986 401987 0 0 Ronald H Dykhuizen VP; CFO; Trsr; Assist Sec 205580 205580 0 0 1112 1113 27087 27088 17943 17943 251722 251724 61877 61877 Stephanie Villasenor Secretary 39508 118524 0 0 65 194 3999 12001 2139 6416 45711 137135 0 0 Cindy Schembri Controller 53320 53321 0 0 457 458 5681 5680 19836 19836 79294 79295 0 0 John Sudolcan Director of Operations 127322 0 0 0 1690 0 13167 0 54841 0 197020 0 0 0 Carol Togneri Chief Curator 67516 67516 0 0 883 883 6850 6850 11073 11073 86322 86322 0 0 Part I, Line 4b Walter W. Timoshuk, President Supplemental nonqualified retirement plan (unvested accruals) Organization: $40,000 Related organization: $40,000 Benefits under the plan were subject to a substantial risk of forfeiture until they became payable to Mr. Timoshuk on July 1, 2016. Plan benefits would also have become payable if Mr. Timoshuk's employment with the organization had been terminated without cause prior to July 1, 2016. Ronald H. Dykhuizen, Chief Financial Officer Supplemental nonqualified retirement plan (unvested accruals) Organization: $13,837 Related organization: $13,837 Benefits under the plan are and remain subject to a substantial risk of forfeiture until becoming payable periodically in the event Mr. Dykhuizen is employed by the organization on certain predesignated dates. Mr. Dykhuizen received his second payment under the plan on July 1, 2015, in the amount disclosed in Part II, Column F of this Schedule J. Benefits under the plan also become payable in the event of (i) Mr. Dykhuizen's death or disability, or (ii) Mr. Dykhuizen's termination of employment with the organization without cause. X 21 0 0 0 1 0 Part I, Column (b): The number reported in Part I, column (b), Line 1 represents the total number of art objects contributed to the Museum. Part I, Line 33: Although the Museum does not report gifts of art in its audited financial statements as permitted under generally accepted accounting principles, it reports such gifts on Form 990, Schedule M. Form 990, Part VI, Section A, line 2 Two trustees, Douglas Simon and Pamela Simon Jensen, have a family relationship. Form 990, Part VI, Section A, line 6 The Museum has members and trustees. Form 990, Part VI, Section A, line 7a Members of the Museum elect the trustees. Form 990, Part VI, Section A, line 7b Pursuant to the Museum's bylaws, certain decisions of the Museum's Board of Trustees, if made, would be subject to approval by the Museum's Members. Decisions subject to the affirmative vote of the Members include amendments to the Museum's bylaws, disposal of substantially all of the assets of the Museum, the merger or dissolution of the Museum, and any other decisions requiring member approval pursuant to California's Nonprofit Public Benefit Corporations Law. Each Member of the Museum is entitled to one vote on each matter submitted to a vote of the Members. Form 990, Part VI, Section B, line 11 The Museum's Form 990 is first reviewed by the Museum's CFO and then by an outside accounting firm. The draft Form 990 is then distributed to the Museum's Audit Committee for review. The CFO, President, and a representative from the outside accounting firm meet with the Audit Committee for further review and approval. The Form 990 is then distributed to the full Board of Trustees prior to filing. Form 990, Part VI, Section B, line 12c Pursuant to the Museum's Conflict of Interest Policy, the Museum's trustees and officers are required to disclose any actual or possible conflicts of interest annually. It is the Museum's practice for senior management to review the disclosures and to forward them to the Chair of the Audit Committee. If deemed necessary by the Audit Committee Chair, potential conflicts of interest matters are presented to a board committee or the board. Per the Policy, the board committee or the board then determines by vote if a conflict of interest exists. The person involved in the potential conflict is required to leave the board meeting or committee meeting while the issue is discussed and voted upon. All employees of the Museum are also required to annually disclose any actual or possible conflicts of interest. These disclosures are reviewed by senior management. Form 990, Part VI, Section B, line 15 The process for determining the 2015 compensation of both the President and the CFO of the Museum included the following, all of which was completed during the 2015 tax year: (i) use of an independent compensation consultant to prepare a compensation study and review Form 990's filed by other organizations, available compensation surveys, and other relevant data, (ii) review and approval by the Compensation Committee of the board, which consists entirely of non-employee trustees; (iii) review and approval by the full board, with the employee President recusing himself from deliberations and voting; and (iv) contemporaneous substantiation of the deliberations and decisions, which are reflected in the minutes of both the Compensation Committee and the board. Form 990, Part VI, Section C, line 19 The Museum makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part VI, Section B, Line 13: The Museum maintains a written whistleblower policy, a copy of which is provided to all Museum employees. The Museum has answered this question in the negative solely by reason of the fact that the Museum's written whistleblower policy was not adopted by the Museum's Board of Trustees but rather was adopted by the Museum's officers. Form 990, Part VI, Section B, Line 14: The Museum maintains a written document retention and destruction policy pursuant to which all document retention and destruction is actively monitored by Museum officers. The Museum has answered this question in the negative solely by reason of the fact that the Museum's written document retention and destruction policy was not adopted by the Museum's Board of Trustees but rather was adopted by the Museum's officers. Form 990, Part XI, line 9: Depreciation on capitalized donated services -14,189. Norton Simon Art Foundation 385 E Colorado Blvd Suite 240 Pasadena CA 91101 956038921 To develop public knowledge and interest in fine arts. CA 501(c)(3) PF 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 Norton Simon Art Foundation O 1823385 Cash value Schedule R, Part V, Line 1a: The Museum is the designated common paymaster for the employees of the Museum and the Norton Simon Art Foundation. The Foundation reimburses the Museum for the services provided by the employees during the year.