2016-11-14T14:45:54-06:00 2015-12-31 132688836 ROGOFF AND COMPANY PC 355 LEXINGTON AVENUE 6TH FL NEW YORK NY 10017 990 2015-01-01 010263908 SKOWHEGAN SCHOOL OF PAINTING AND SCULPTURE INC SKOW 2125290505 136 WEST 22ND STREET NEW YORK NY 100112432 RICHARD T PRINS TREASURER 2125290505 2016-11-14 1 PAUL K BRACE P01474547 2125575666 2015 2017-02-10 21:41:12Z GREGORY K PALM 136 WEST 22ND STREET NEW YORK NY 100112432 3515868 0 X WWW.SKOWHEGANART.ORG X 1946 ME EDUCATIONAL 23 23 46 0 0 0 1620853 1371172 471755 499687 1600643 793649 -71334 -161309 3621917 2503199 219085 260152 0 0 1022544 1112104 0 0 257493 859252 906050 2100881 2278306 1521036 224893 19403462 18839129 52111 73479 19351351 18765650 X SKOWHEGAN, PRIMARILY A SUMMER RESIDENCY PROGRAM FOR EMERGING VISUAL ARTISTS ESTABLISHED IN 1946, SEEKS EACH YEAR TO BRING TOGETHER A GIFTED AND DIVERSE GROUP OF INDIVIDUALS WHO HAVE DEMONSTRATED A COMMITMENT TO ART-MAKING AND INQUIRY TO CREATE THE MOST STIMULATING AND RIGOROUS ENVIRONMENT FOR A CONCENTRATED PERIOD OF ARTISTIC CREATION, INTERACTION AND GROWTH.SKOWHEGAN ALSO SPONSORS PROGRAMS IN NEW YORK CITY DURING FALL, WINTER AND SPRING TO FOSTER ITS MISSION AMONG ALUMNI AND THE VISUAL ARTS COMMUNITY. 0 0 1501005 260152 499687 SCHOOL OF PAINTING AND SCULPTURE ATTENDED BY 65 STUDENTS. 237271 SKOWHEGAN ALLIANCE AND ALUMNI ACTIVITIES INCLUDING PERFORMANCES, WORKSHOPS, AND EXHIBITIONS. 1738276 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 1 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 30 0 1 46 1 0 0 0 0 0 1 1 0 0 0 0 X 23 23 1 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 1 1 0 0 NY X THE ORGANIZATION 2125290505 136 WEST 22ND STREET NEW YORK NY 100112432 JAN ARONSON TRUSTEE 1.50 X 0 0 0 GRACE G BOWMAN TRUSTEE 1.00 X 0 0 0 MILDRED C BRINN CHAIRPERSON EMERITUS 1.00 X 0 0 0 WARREN C COOK TRUSTEE 1.50 X 0 0 0 ANDREA CRANE SECRETARY 1.00 X X 0 0 0 SUSAN PAUL FIRESTONE TRUSTEE 1.00 X 0 0 0 ROBERT GILSON TRUSTEE 1.00 X 0 0 0 ANN L GUND CHAIR 2.00 X X 0 0 0 ROBERT L LOOKER TRUSTEE 1.00 X 0 0 0 VICTORIA LOVE SALNIKOFF TRUSTEE 1.00 X 0 0 0 WILSON NOLEN TRUSTEE 1.00 X 0 0 0 GREGORY K PALM PRESIDENT 2.00 X X 0 0 0 RICHARD T PRINS TREASURER 2.00 X X 0 0 0 JUDSON P REIS TRUSTEE 1.50 X 0 0 0 ELEANOR W REVSON TRUSTEE 1.00 X 0 0 0 LIBBIE J MASTERSON TRUSTEE 1.00 X 0 0 0 ALAN WANZENBERG TRUSTEE 10.00 X 0 0 0 CHIARA EDMANDS TRUSTEE 1.00 X 0 0 0 DAVID BEITZEL TRUSTEE 1.50 X 0 0 0 ELEANOR ACQUAVELLA DEJOUX TRUSTEE 1.00 X 0 0 0 JOHN MELICK TRUSTEE 1.00 X 0 0 0 MIHAIL LARI TRUSTEE 1.00 X 0 0 0 JOHN R COLEMAN TRUSTEE 1.00 X 0 0 0 KATHERINE S SONNENBORN CO-DIRECTOR 40.00 X 118500 0 10127 SARAH F WORKNEH CO-DIRECTOR 40.00 X 118500 0 16703 237000 0 26830 2 0 0 0 0 757508 35000 578664 1371172 TUITION AND FEES 611600 499687 499687 499687 552426 552426 970468 729245 241223 241223 241223 71400 757508 279999 -208599 -208599 42874 3425 39449 39449 ACTIVITIES INCOME 900099 4875 4875 MISCELLANEOUS INCOME 900099 2966 2966 7841 2503199 499687 0 632340 260152 260152 276744 209128 33808 33808 642437 503253 55728 83456 22480 12813 3847 5820 84370 62945 9214 12211 86073 70130 6876 9067 20900 20900 54448 54448 89641 67367 5761 16513 1575 1575 15524 10642 2093 2789 49331 37493 5193 6645 64994 56116 1772 7106 67645 29809 9068 28768 167252 128212 16837 22203 30633 27520 1343 1770 FOOD AND KITCHEN SUPPLI 82930 82930 EQUIPMENT RENTAL AND MA 80841 69548 4870 6423 PRINTING 32330 21488 10842 EDUCATION MATERIAL & EX 30945 30945 117061 57785 49204 10072 2278306 1738276 282537 257493 219018 302921 106494 276628 135032 82084 50706 26751 29794 26369 40470 78573 6726647 2432887 4383948 4293760 13024044 12360853 1378216 1355450 35740 35740 19403462 18839129 31731 23624 20380 49855 52111 73479 X 8705571 8646347 3386242 2904904 7259538 7214399 19351351 18765650 19403462 18839129 224893 -810594 0 X X 0 1 X 1 0 X 763507 817831 1085106 1620853 1371172 5658469 763507 817831 1085106 1620853 1371172 5658469 36208 5622261 394380 383798 664713 566593 552427 2561911 6999 4654 9374 6434 7840 35301 8255681 2803300 0.68100 0.68690 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 7054399 160000 7214399 6851385 185000 442823 219085 205724 7054399 6801385 50000 1235380 236253 999127 6851385 6801385 1169749 227700 942049 6801385 6776385 25000 349380 349380 6801385 1.00000 0 0 711012 711012 5284050 1840788 3443262 409304 293551 115753 322281 298548 23733 4293760 ORCHID ASIA III FUNDS 156749 F TIGER GLOBAL CLASS C SERIES 1A FUND 1198701 F 1355450 X 1658004 -810594 -810594 2468598 54448 -19847 34601 2503199 2243705 279999 279999 1963706 54448 260152 314600 2278306 PART V, LINE 4: THE SCHOOL UTILIZES AS MUCH OF ITS ENDOWMENT INVESTMENT RETURN FOR SUPPORT OF CURRENT OPERATIONS AS IS REQUIRED, SUBJECT TO A LIMITATION DETERMINED ANNUALLY BY THE BOARD. ANY REMAINDER IS RETAINED TO SUPPORT OPERATIONS OF FUTURE YEARS AND TO OFFSET POTENTIAL MARKET DECLINES. PART X, LINE 2: THE SCHOOL RECORDS A LIABILITY FOR UNCERTAIN TAX POSITIONS WHEN IT IS PROBABLE THAT A LOSS HAS OCCURRED AND THE AMOUNT CAN BE REASONABLY ESTIMATED. MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW, NEW AUTHORITATIVE RULINGS AND ITS OPERATING CHARACTERISTICS TO COMPLY WITH ITS STATUS AS A TAX-EXEMPT ORGANIZATION. MANAGEMENT HAS DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT THE SCHOOL'S TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND HAS THEREFORE NOT RECOGNIZED ANY LIABILITY FOR UNCERTAIN TAX POSITIONS. THE SCHOOL'S INFORMATION RETURNS FOR THE YEARS ENDED DECEMBER 31, 2014, 2013, AND 2012 ARE PRESENTLY SUBJECT TO EXAMINATION BY THE TAXING AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE -279,999. SCHOLARSHIPS 260,152. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE 279,999. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 260,152. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NON-DESCRIMINATORY POLICY STATED IN FUND RAISING LITERATURE; SCHOOL CATALOGUE; APPLICATION FORMS; AND WEBSITE. SCHEDULE E, PART I, LINE 6 $35,000 GRANT FROM NATIONAL ENDOWMENT FOR THE ARTS TO FUND SCHOLARSHIPS. EAST ASIA AND THE PACIFIC 0 0 INVESTMENT 156749 0 0 0 0 0 0 156749 0 156749 0 0 0 0 1 0 ANNUAL AWARDS DINNER 828908 757508 71400 204385 74080 1534 828908 757508 71400 204385 74080 1534 279999 -208599 1 FULL AND PARTIAL FELLOWSHIP GRANTS 62 260152 BASED ON FULL ADMISSION FEE OF $5,500 PER STUDENT. PARTIAL AND FULL FELLOWSHIPS TOWARDS TUITION, ROOM AND BOARD. FORM 990, PART VI, SECTION A, LINE 2 FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 8B COMMITTEE ACTIONS AND RECOMMENDATIONS ARE COMMUNICATED TO THE BOARD OF TRUSTEES AT THEIR MEETINGS. FORM 990, PART VI, SECTION B, LINE 11 A DRAFT COPY OF THE FORM 990 IS DISTRIBUTED TO THE PRESIDENT, TREASURER AND CO-DIRECTORS PRIOR TO FILING FOR THE PURPOSE OF REVIEW, DISCUSSION AND RECOMMENDED CHANGES. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY COVERS ALL TRUSTEES, OFFICERS AND EMPLOYEES. THE POLICY REQUIRES ALL TRUSTEES, OFFICERS AND EMPLOYEES TO ANNUALLY FILL OUT A CONFLICT OF INTEREST DISCLOSURE ABOUT INTERESTS THAT COULD GIVE RISE TO CONFLICTS. THE SCHOOL USES THE INFORMATION ON THE DISCLOSURE FORMS TO MONITOR FOR POTENTIAL CONFLICTS. CONFLICTS INVOLVING EMPLOYEES, OTHER THAN DIRECTORS, ARE REVIEWED AND RESOLVED BY THE DIRECTORS. CONFLICTS INVOLVING TRUSTEES, OFFICERS, OR THE DIRECTORS, ARE REVIEWED AND RESOLVED BY THE BOARD. NO ONE WITH A CONFLICT IS ALLOWED TO PARTICIPATE IN ANY AFFECTED DECISION. FORM 990, PART VI, SECTION B, LINE 15A SALARIES ARE NEGOTIATED BY BOARD PRESIDENT AND APPROVED BY THE EXECUTIVE COMMITTEE. FROM TIME TO TIME THE PRESIDENT REVIEWS PUBLICLY AVAILABLE DATA FROM OTHER OTHER SIMILAR INSTITUTIONS. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS BEEN CONSISTENT WITH PRIOR YEARS.