2016-11-18T19:20:54-06:00 2015-12-31 WALTON ENTERPRISES LLC PO BOX 1860 BENTONVILLE AR 72712 990 2015-01-01 201359710 CRYSTAL BRIDGES-MUSEUM OF AMERICAN ART INC % TRACY CUDE CRYS 4794185726 600 MUSEUM WAY BENTONVILLE AR 72712 ROD BIGELOW EXECUTIVE DIRECTOR 4794641500 2016-11-14 true Kent C Crouch P00810750 4794641500 2015 2017-02-10 21:41:12Z ROD BIGELOW 600 MUSEUM WAY BENTONVILLE AR 72712 143229708 false X http://www.crystalbridges.org/ X 2004 AR The Museum explores the unfolding history of America by collecting and exhibiting outstanding works of art that illuminate America's artistic heritage. 10 9 382 611 520563 -767337 18921249 1089493 25286100 3541588 48838430 0 0 11952438 0 1244580 51909999 63862437 -15024007 983940075 929826874 195263 57144 983744812 929769730 X SEE SCHEDULE O false false 1668346 795045 CBMAA presented 4 major and a number of smaller exhibitions to the public in 2015. Total Museum attendence was over 608,000. Exhibitions ranged from masterworks from the Albright-Knox Gallery to Pop Art by Warhol, Modernist works from Jamie Wyeth and Landscape paintings featuring north and south america. See Schedule O for a description of the three most significant exhibitions. 2318855 254915 CBMAA offered to the public a variety of educational programs including serving over 40,000 students and teachers. See Schedule O for a description of the educational programs. 32983976 28033 Through CBMAA's Collection Care Program, the museum aquires art, manages incoming and outgoing loans of art, provides conservation and maintenance, and other initiatives to continue the preservation of America's most well known art works. See Schedule O for a detailed list of the Collection Care Program Activities. 172084 11500 37143261 true true false false false false false true false true true true false false false false true false false false true false false false false false false false false true false false false false false false false false true true false false true false false false false true 194 0 true 382 true true true true DA IS KS false false false true true false false false false X 10 9 true false false false true true false true true false false true true true true true true true true false AR X TRACY CUDE 4794185726 600 MUSEUM WAY BENTONVILLE AR 72712 ALICE L WALTON BOARD DIRECTOR & CHAIRMAN 20.0 0.0 X 0 0 0 RICHARD D CHAPMAN BD & ASST SEC/TREASURER 1.0 0.0 X 0 0 0 BUDDY PHILPOT BOARD DIRECTOR & SECRETARY 1.0 0.0 X X 0 0 0 JOHN WILMERDING BOARD DIRECTOR 1.0 0.0 X 0 0 0 JOHN TYSON BOARD DIRECTOR 1.0 0.0 X 0 0 0 C DOUGLAS McMILLON BOARD DIRECTOR 1.0 0.0 X 0 0 0 STEUART WALTON BOARD DIRECTOR 1.0 0.0 X 0 0 0 JR PITT HYDE BOARD DIRECTOR 1.0 0.0 X 0 0 0 DONALD BACIGALUPI PRESIDENT (FORMER) & BOARD DIR 40.0 0.0 X X 330738 0 4857 ELIZABETH GLASSMAN BOARD DIRECTOR 1.0 0.0 X 0 0 0 TRACY CUDE CHIEF FINANCIAL OFFICER 40.0 0.0 X 208666 0 31015 ROD BIGELOW EXECUTIVE DIRECTOR 40.0 0.0 X 364121 0 37115 SANDRA EDWARDS DEPUTY DIRECTOR 40.0 0.0 X 300140 0 31570 JILL WAGAR CHIEF STRATEGY OFFICER 40.0 0.0 X 157180 0 25756 SCOTT ECCLESTON DIRECTOR OF OPERATIONS 40.0 0.0 X 145265 0 36384 MARGARET CONRADS DIRECTOR OF CURATORIAL AFFAIRS 40.0 0.0 X 140105 0 5132 NICOLE CICCOTELLI STEWART CHIEF ENGAGEMENT OFFICER 40.0 0.0 X 132883 0 22076 RONALD WILLIAMS DIRECTOR OF SYSTEMS 40.0 0.0 X 124534 0 16756 1903632 0 210661 11 true true false BILL FABER CONSTRUCTION COMPANY IN 3200 RED FOX RIDGE BENTONVILLE AR 72712 CONSTRUCTION 669707 GENERAL ATLANTIC SERVICE COMPANY L 600 STEAMBOAT RD SUITE 105 GREENWICH CT 06830 INVESTMENT MGMT 640237 BRAVO BUILDINGS SERVICES INC 29 KING GEORGE ROAD GREEN BROOK NJ 08812 JANITORIAL SERVICES 288349 NOTHERN TRUST COMPANY 50 SOUTH LASALLE CHICAGO IL 60603 INVESTMENT MGMT 274047 ARTEX INC 33-02 48TH AVENUE LONG ISLAND CITY NY 11101 ART TRANSPORTATION 196688 17 X 1411902 17509347 9268176 18921249 REPRODUCTION FEES 712110 3463 3463 PROGRAM REGISTRATION FEES 712110 83375 83375 EXHIBITION FEE REVENUE 712110 45000 45000 TICKET SALES 712110 890955 810137 80818 TOURS 712110 30630 30630 36070 36070 1089493 9510353 -938055 10448408 0 0 476905 476905 0 476905 203303 273602 106571315 1736519 92520813 11274 14050502 1725245 15775747 -11275 15787022 0 0 4624502 1859191 2765311 1871151 894160 SERVICE REVENUE 712110 255480 46851 208629 OTHER INCOME 712110 41392 39983 1409 HONORARIA 712110 2500 2500 299372 48838430 3161188 520563 26235430 0 0 0 0 1203665 275336 856239 72090 0 8501317 1944657 6047496 509164 0 1520343 293322 1159694 67327 727113 165324 518516 43273 0 19347 19347 117966 117966 0 0 3234375 3234375 238932 50665 188267 599493 234798 362369 2326 410968 47450 317937 45581 169524 169524 0 627815 627815 348522 155728 90971 101823 0 0 14172 14172 0 8458817 8458817 378092 378092 MUSEUM PROCUREMENT EXPENSES 30917700 30917700 REPAIRS AND MAINTENANCE 989515 90751 898764 EXHIBITION EXPENSES 936656 926935 9721 COLLECTION MANANGEMENT 817579 816815 764 3630526 1223780 2003750 402996 63862437 37143261 25474596 1244580 X 5418148 983156 6241001 5431560 0 0 25018 134087 0 0 0 0 0 0 426304 340829 0 0 268345565 34528705 240193895 233816860 422621185 391760803 278383084 266156024 0 0 0 0 30631440 31203555 983940075 929826874 195263 57144 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 195263 57144 X 263512573 259670979 150877516 121369825 569354723 548728926 983744812 929769730 983940075 929826874 X -15024007 -40875910 1924835 X false true X true false X 10114475 16415895 20667173 18027928 18850653 84076124 0 0 10114475 16415895 20667173 18027928 18850653 84076124 20765752 63310372 16390644 18508214 15293696 12777085 10885773 73855412 0 0 157931536 16048070 0.40087 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X false 720232239 14098999 -16192516 46731414 1308558 670098750 871259512 11657842 52128142 214813257 720232239 0.81890 0.18110 false false 4901649 4901649 231767941 24620674 207147268 25609529 5866410 2024824 6066446 4041622 19743119 233816860 PRIVATE EQUITY 87159217 F EQUITY LONG/SHORT HEDGE FUNDS 174677104 F MULTI-STRATEGY HEDGE FUNDS 4319703 F 266156024 15104865 -40875910 -1103485 -41979395 57084260 -8245830 -8245830 48838430 61823793 2064264 2064264 59759529 4102908 4102908 63862437 PART III, LINE 1a The Museum's collections are made up of art objects, artifacts of historical significance and rare books. The collections are maintained for public exhibition, education and research in furtherance of public service, rather than for financial gain. Each of the items is cataloged, preserved, and cared for, and activities verifying their existence and assessing their condition are performed. The collections are subject to a policy that requires proceeds from their sales to be used to acquire other items for collections. The museum's collections have been acquired through purchases, contributions, and other acquisitions since the Museum's inception and are not recognized as assets in the accompanying statement of financial position. Purchases of collection items are recorded as decreases in net assets in the year in which the items are acquired. If the assets used to purchase the items were restricted by the donors, the Museum recognizes corresponding net assets released from restriction. Proceeds from deaccessions or insurance recoveries are reflected as increases in the appropriate net asset classes. PART III, LINE 4 Crystal Bridges permanent collection spans five centuries of American masterworks ranging from the Colonial era to the current day. Included within the collection are iconic images such as Asher B. Durands Kindred Spirits, Norman Rockwells Rosie the Riveter, and Andy Warhols Coca-Cola [3] - each reflecting a distinct moment in American artistic evolution - as well as major works by modern and contemporary American artists, including Georgia O'Keeffe, John Baldessari, and James Turrell. The permanent collection, which continues to grow through a strategic acquisition plan, is on view for free admission year-round and is enhanced by an array of temporary exhibitions. PART V, LINE 4 Below lists the intended uses of Crystal Bridges Museum of American Art's("CBMAA") temporary and permanent endowment funds: Operations Endowment Provides funds for recurring and annual expenses that are ordinary and necessary to operate Grantee for its purpose as a public art museum, including the purchase of new or replacement furnishings or equipment that is not fixed equipment . Permitted expenditures include operating expenses for staffing, permanent exhibitions, temporary exhibitions drawn primarily for the permanent collection regular programs, marketing and communications, routine facilities and grounds maintenance, utilities, and other common operating needs. Collections, Acquisition, and Care Endowment Provides funds for the acquisition of works for Grantees art collection and library, and also supports the conservation and care of works within Grantees collection. These works might include paintings, sculpture, prints, illustrated and rare books and manuscripts, decorative arts objects, photographs, other new media works and commissioned works of art. Building Endowment Provides funds for the acquisition, major repair, renovation and replacement of buildings, structures, fixtures and fixed equipment. The endowment supports the purchase of new and renovation of existing capital assets and/or enhancements that improve or extend the life of existing capital assets. Walker School Programs Endowment Provides funds to the School Visit Program, specifically to defray the following costs to schools participating in museum programs: transportation, lunches or snacks for participants, and compensation for the participating drivers and required substitute teachers. In addition, the endowment fund may also support the development of educational materials to enhance the School Visit Program. Walmart Admissions Endowment Provides funds to underwrite entrance to the permanent collection galleries to all visitors without an admission fee. Tyson Scholars Endowment Provides funds to support a research/residency program at CBMAA for museum and academic professionals in a variety of disciplines from throughout the world. This program will provide professional development, mentorship, and the exchange of ideas across historical periods and disciplines. Shewmaker Endowment Provides funds to support the programmatic needs of the Education Studio program. McMillon Family Classroom Learning Endowment Provides funding to initiatives that connect CBMAA collections, exhibitions, and the arts to student learning in the classroom. This may include but is not limited to the following: curriculum in print and digital format; museum educators in the classroom; and distance learning initiatives. Next Generation Fund Art for All Endowment Provides funding for various initiatives across departments and disciplines. Each initiative receiving funding would be an approved part of the annual operating budget. The fund will support innovative programs, special initiatives, and ongoing operating programs. Gift use will be based on programs having: 1) great need, but limited resources and 2) meaningful impact. Next Generation Fund Grounds/Trails and Sustainability Endowment Fund Provides funds for expenses that are necessary to develop and maintain the Museums grounds and trails and to ensure a sustainable environment surrounding the museums. Permitted expenditures include expenses for staffing; activities associated with landscape development; rejuvenation or improvement; trail maintenance; pond and stream maintenance; didactic materials and program offerings to enhance visitor experiences; and projects associated with enhancing the sustainability efforts of the museum. Next Generation Fund Collections Augments the WFF Collection endowment by supporting the care and maintenance of specific works of art and architecture; including the Buckyball sculpture and the Frank Lloyd Wright house. Windgate Education Endowment Provides funds specifically to develop creative solutions using art, art museums, and artists that address educational challenges facing our nations schools. CBMAA will serves as a national hub to drive and coordinate system level changes that address issues facing PreK-12 schools in the areas of quality education, equitable access to the arts, readiness to learn, and workforce skills. Van Cliburn Concert Series Endowment Provides funds for expenses necessary in developing, promoting, and staging the Van Cliburn Concert Series produced by CBMAA and in maintaining the Van Cliburn piano. PART XI, LINE 2d Amounts reported on the Audit but not on Form 990: Value of Donated Services: $ 205,074 Expense net with Revenue on Audit: $(1,308,559) Total: $(1,103,485) PART XI, LINE 4b ADJUSTMENTS TO INCOME PER AUDITED FINANCIAL STATEMENTS: VALUE OF ART DONATIONS: $ 1,046,000 CONTRIBUTION REVENUE TIMING DIFFERENCE: $ 56,212 EXPENSE NET WITH REVENUE ON AUDIT: $(1,859,191) CASH BASIS ADJUSTMENT: $(8,098,367) BOOK/TAX DIFFERENCE FROM INVESTMENTS: $ 609,516 TOTAL DECREASE TO INCOME $(8,245,830) PART XII, LINE 2d Amounts reported on the Audit but not on Form 990: Expense related to Donated Services: $205,074 EXPENSE NET WITH REVENUE ON AUDIT: $1,859,191 TOTAL: $2,064,264 PART XII, LINE 4b ADJUSTMENTS TO EXPENSE PER AUDITED FINANCIAL STATEMENTS: INCREASED PROCUREMENT EXPENSE: $ 1,046,000 Expense net with Revenue on Audit: $ 1,308,559 CASH BASIS ADJUSTMENT: $(842,214) BOOK/TAX DIFFERENCE FROM INVESTMENTS: $ 2,590,563 TOTAL INCREASE TO EXPENSE: $ 4,102,908 Central America and the Caribbean Investments 176976843 East Asia and the Pacific Investments 21423769 Europe (Including Iceland and Greenland) Investments 20288340 Middle East and North Africa Investments 336029 North America Investments 1803271 South America Investments 114157 220942409 220942409 true false true true true false X X X X false false false false false false false false false DONALD BACIGALUPI PRESIDENT (FORMER) & BOARD DIR 80738 0 250000 0 0 0 4055 0 802 0 335595 0 0 0 TRACY CUDE CHIEF FINANCIAL OFFICER 208564 0 0 0 102 0 21211 0 9804 0 239681 0 0 0 ROD BIGELOW EXECUTIVE DIRECTOR 354022 0 0 0 10099 0 26500 0 10615 0 401236 0 0 0 SANDRA EDWARDS DEPUTY DIRECTOR 300122 0 0 0 18 0 26500 0 5070 0 331710 0 0 0 JILL WAGAR CHIEF STRATEGY OFFICER 157135 0 0 0 45 0 15938 0 9818 0 182936 0 0 0 SCOTT ECCLESTON DIRECTOR OF OPERATIONS 145265 0 0 0 0 0 26500 0 9884 0 181649 0 0 0 NICOLE CICCOTELLI STEWART CHIEF ENGAGEMENT OFFICER 132883 0 0 0 0 0 12294 0 9782 0 154959 0 0 0 X 6 1025000 INSURANCE VALUE X 24500 ESTIMATED FMV X 6 7348232 HIGH/LOW AVG NYSE X 1 50000 ESTIMATED FMV X ARKANSAS CRYSTALS 2 360000 ESTIMATED FMV X NETWORK HARDWARE 1 338253 REPLACEMENT COST X LIGHTING 1 59348 REPLACEMENT COST X SUPPLIES 2 4500 REPLACEMENT COST X VAR. SMALL NONCASH CONTR 5 2131 REPLACEMENT COST 1 false true false FORM 990, PART III, LINE 1 - ORGANIZATION'S MISSION Crystal Bridges Museum of American Art("CBMAA") welcomes all to celebrate the American Spirit in a setting that unites the power of art with the beauty of nature. CBMAA explores the unfolding story of America by actively collecting, exhibiting, interpreting and preserving outstanding works of art that illuminates America's heritage and artistic possibilites. FORM 990, PART III, LINE 4A - DESCRIPTION OF PROGRAM SERVICE Van Gogh to Rothko: Masterworks from the Albright-Knox Art Gallery: The Van Gogh to Rothko featured 76 artworks by 73 influential artists from the late nineteenth century to the present, including masterpieces by some of the most prominent names in art history, such as Vincent van Gogh, Pablo Picasso, Georgia O'Keeffe, Salvador Dali, Frida Kahlo, Andy Warhol, and Mark Rothko. CBMAA had more than 77,000 guests attend the exhibition in the three months it was presented. Warhol's Nature and Jamie Wyeth: CBMAA presented two concurrent exhibitions that highlighted the artistic friendship between pop artist Andy Warhol and American realist painter Jamie Wyeth. Together these exhibtitions offered a fresh perspective on the lives and works of two of America's celebrated artists. CBMAA had more than 58,000 guests attended the exhibtion in the 3 months it was presented. Picturing the Americas: Landscape Painting from Tierra del Fuego to the Arctic: This one-of-a-kind exhibition included more than 100 stunning landscape paintings by artists from across the Western Hemisphere. The exhibition included works by well-known American artists such as Georgia O'Keeffe, Grant Wood, Thomas Cole, and Thomas Hart Benton. In the first two months of this exhibitions, more than 12,000 have attended. FORM 990, PART III, LINE 4B - DESCRIPTION OF PROGRAM SERVICE Classes and Workshops include summer camps, after school art programs, and art instruction classes with offerings for differing levels of skill and ages including figure drawing, print making, pastel, oil, acrylic mediums: 252 classes with 3,183 participants Drop In programs are non-ticketed primarily geared towards families such as in gallery experiences and use of CBMAA's Experience Art Studio: 92 programs with 25,471 attendance Lectures and Talks include gallery talks, panel discussions, lectures, architecture talks, and distinguished speaker series. 89 events with 5,931 attendance Evening events include events such as Art Night Out, College Night, Film Nights etc targeted towards young adults and include exploratory and multi-disciplinary art forms: 49 events with 18,101 attendance School Tours: K-12 onsite school tours which aligns school based curriculum to art, architecture, and nature. 811 tours with 40,808 students Teacher Professional Development offers continuing education credits for a number of programs including Teacher Exhibition Previews, Saturday Sessions, and Evening for Educators: 46 sessions with 5,109 educators Community Programs integrate visual art enhanced experiences for clients primarily being served by other nonprofit partners. Communities served include those with Alzheimers, Autism, Literacy, Hearing and Visually Impaired.: 83 programs with 1,204 attendance Public Tours include daily offerings of a number of guided tours of the Museums collection, architecture,Frank Lloyd Wright House, as well as the Grounds.: 1,018 tours with 15,315 attendance FORM 990, PART III, LINE 4C - COLLECTION CARE PROGRAM ACTIVITES: In 2015, CBMAA acquired 49 works of art. By classification 13 prints, 13 paintings, 8 sculptures, 3 drawing, 2 watercolors, 5 photographs, 1 textile, 2 mixed media works, and 2 installations were acquired. In 2015, CBMAA had 726 peices of art/object on loan from 16 seperate lenders. CBMAA loaned 14 artwork/objects to 20 institutions during 2015. CBMAA continued the integration of eMuseum with 784 works available to museum staff and the public by the end of the year. Additionally, as of December 31, 15,183 collections-related images have been uploaded to the museums digital asset management system, MediaBeacon. Conservation continued during 2015 through the following efforts: Conservators examined several recent acquisitions including works by Thomas Eakins and James McNeill Whistler. All of the works on paper from the Alfred Stieglitz collection were sent to the Conservation Center in Chicago in April, 2014 for assessment and treatment. Object conservator at the Nelson-Atkins Museum of Art, dusted Jeff Koonss Hanging Heart, examined four works, and provided recommendations for re-installing Robert Indianas LOVE to prevent water damage. Robert Rauschenbergs The Tower and Nancy Grossmans Car Horn were treated and a condition assessment of Fayum-Re by Nancy Graves was completed. Representatives from the Western Center for the Conservation of Fine Arts made completed treatments and examinations for a total of 71 paintings. They also completed examinations and minor treatments for the 29 paintings in the Alfred Stieglitz Collection and examined 11 recent acquisitions, including Georgia OKeeffes Jimson Weed / White Flower No. 1, providing condition assessments and treatment recommendations. FORM 990, PART III, LINE 4D - OTHER PROGRAM SERVICES DESCRIPTION EXPENSES REVENUE LIBRARY PROGRAM $172,084 $11,500 FORM 990, PART VI, SECTION A, LINE 2 FAMILY AND BUSINESS RELATIONSHIPS: ALICE L. WALTON, BOARD DIRECTOR AND CHAIRMAN, IS THE AUNT OF STEUART WALTON, A BOARD DIRECTOR. RICHARD CHAPMAN AND BUDDY PHILPOT, WHO ARE ALSO BOARD DIRECTORS, ARE EMPLOYEES OF WALTON ENTERPRISES, LLC AND ALICE L. WALTON IS AN LLC MEMBER OF WALTON ENTERPRISES, LLC. PART VI, SECTION A, LINE 6 - ORGANIZATION MEMBERS CBMAA HAS NONVOTING MEMBERS AND VOTING MEMBERS. NONVOTING MEMBERS ARE MEMBERS OF THE PUBLIC WHO JOIN CBMAAA BY PAYING A MEMBERSHIP FEE AND, IN RETURN, RECEIVE FREE ADMISSION TO CBMAA EXHIBITIONS AND OTHER SPECIAL EVENTS, THE CBMAA MAGAZINE, AND OTHER CBMAA-RELATED ITEMS. CBMAA ALSO HAS A SMALL CLASS OF VOTING MEMBERS (SEE RESPONSE TO LINE 7A BELOW). PART VI, SECTION A, LINE 7A - VOTING MEMBERS VOTING MEMBERS HAVE THE POWER TO ELECT CBMAA'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B AFTER PREPARATION OF THE FORM 990 HAS BEEN COMPLETED, THE FORM IS SUBMITTED TO CBMAA'S EXECUTIVE DIRECTOR AND CHIEF FINANCIAL OFFICER FOR THEIR REVIEW. AFTER REVIEW BY THESE CBMAA OFFICERS, THE FORM IS SUBMITTED TO THE BOARD OF DIRECTORS FOR REVIEW AND ANY QUESTIONS. FORM 990, PART VI, SECTION B, LINE 12C On an annual basis, each CBMAA director must complete a conflicts of interest statement and disclose any existing or potential conflicts of interest with any organization or individual. During a new staff orientation and on an annual basis thereafter, all CBMAA staff members are required to review the conflict of interest policy and disclose any potential conflicts of interest evidenced by their signature on the form. Any forms indicating a potential or disclosure of a conflict of interest are forwarded to the executive director for review and further investigation. FORM 990, PART VI, SECTION B, LINE 15A & B Prior to hiring individuals for CBMAA officer and key staff positions, the CBMAA Governance Committee reviews market research, including independent salary data for comparable positions. The determination of compensation for these individuals is based on this data as well as an internal equity analysis. Annual performance reviews are required for all employees. Merit raises are based on the results of performance. FORM 990, PART VI, SECTION C, LINE 19 CBMAAs form 990 is available to the public at guidestar.org and CBMAAs annual report (containing summary financial information) is available at crystalbridges.org. CBMAAs certificate of incorporation is available to the public via the Delaware Secretary of State database. FORM 990, PART XI, LINE 9 - RECONCILIATION OF NET ASSETS OTHER CHANGES IN NET ASSETS OR FUND BALANCE: BOOK/TAX DIFFERENCES IN INVESTMENT: $1,981,047 CONTRIBUTION REVENUE TIMING DIFFERENCE: $(56,212) TOTAL OTHER CHANGES IN FUND BALANCE: $1,924,835 GAE LLC 600 MUSEUM WAY BENTONVILLE AR 72712 BUY/SELL ART DE 1175654