2016-08-15T14:18:10-05:00 2015-12-31 580662558 HANCOCK ASKEW & CO LLP PO BOX 2486 SAVANNAH GA 31402 990 2015-01-01 580610074 TELFAIR MUSEUM OF ART INC TELF 9127908874 PO BOX 10081 SAVANNAH GA 31412 JOSEPH RUDDER CHIEF FINANCIAL OFFICER 9127908874 2016-08-15 1 MICHAEL T MCCARTHY P00863049 9122348243 2015 2016-12-15 16:53:06Z TELFAIR MUSEUMS JOSEPH RUDDER PO BOX 10081 SAVANNAH GA 31412 12608883 0 X WWW.TELFAIR.ORG X 1920 GA THE TELFAIR MUSEUM OF ART OFFERS COMPELLING EXPRESSIONS OF VISUAL CULTURE - EMBRACING THREE UNIQUE BUILDINGS AND THREE DISTINCT COLLECTIONS THAT BRIDGE THREE CENTURIES OF ART AND ARCHITECTURE. THE MUSEUM DEVELOPS AWARENESS, UNDERSTANDING, AND APPRECIATION OF THE ARTS AND SERVES AS A DYNAMIC CULTURAL CENTER CONNECTING PEOPLE OF ALL AGES AND BACKGROUNDS. 33 33 85 500 0 0 4401700 2150896 1211235 1461900 1588592 1371127 235948 25480 7437475 5009403 0 0 0 0 2122111 2199929 0 0 461463 3314971 3380039 5437082 5579968 2000393 -570565 58049972 56275668 6537632 6531715 51512340 49743953 X TO ACHIEVE OUR MISSION OF OFFERING COMPELLING EXPRESSIONS OF VISUAL CULTURE, WE CONCENTRATE ON FOUR AREAS:1) COLLECTIONS - ARCHITECTURAL LANDMARKS AND FOCUSED ART COLLECTIONS THAT REFLECT A HISTORY OF EMBRACING CONTEMPORARY VISUAL CULTURE;2) EDUCATION - PROGRAMS AND ACTIVITIES FOR ADULTS AND CHILDREN THAT SERVE AS CATALYSTS FOR CREATIVITY AND LEARNING;3) EXHIBITIONS - PRESENTATIONS OF REGIONAL, NATIONAL, AND INTERNATIONAL SIGNIFICANCE THAT PROVIDE ACCESS TO ART OF DIVERSE ERAS AND CULTURES; &4) COMMUNITY ENGAGEMENT - PARTNERSHIPS AND INITIATIVES THAT STRENGTHEN TIES TO DIVERSE AUDIENCES AND ENCOURAGE ACTIVE ENGAGEMENT IN COMMUNITY LIFE. 0 0 1874888 737066 EXHIBITIONS: IN 2015, THE MUSEUM PRESENTED 17 TEMPORARY EXHIBITIONS, 11 OF WHICH WERE ORGANIZED BY THE TELFAIR. HIGHLIGHTS OF THE 2015 EXHIBITION CALENDAR INCLUDED A GROUNDBREAKING AND COMPELLING EXHIBITION MONET AND AMERICAN IMPRESSIONISM, WHICH EXPLORED THE INFLUENCE OF FRENCH IMPRESSIONIST MASTER CLAUDE MONET ON A GENERATION OF AMERICAN IMPRESSIONIST ARTISTS INSPIRED BY HIS APPROACH TO LIGHT AND COLOR, AND INCLUDED SIX MAJOR PAINTINGS FROM TELFAIR'S PERMANENT COLLECTION. THIS EXHIBITION WAS PAIRED WITH A SMALLER FOCUS SHOW HIGHLIGHTING WORK PRODUCED BY CONTEMPORARY AFRICAN AMERICAN ARTIST MICKALENE THOMAS IN RESPONSE TO HER 2011 RESIDENCY AT MONET'S HOME IN GIVERNY, BRINGING FULL CIRCLE THE DISCUSSION OF MONET'S INFLUENCE ON AMERICAN ARTISTS. OTHER SIGNIFICANT EXHIBITIONS INCLUDED THE ART OF DIPLOMACY: PAINTINGS BY WINSTON CHURCHILL, WHICH SHED NEW LIGHT ON THE ICONIC BRITISH LEADER'S LARGELY UNKNOWN ARTISTIC PRACTICE; AND COME AS YOU ARE: ART OF THE 1990S, THE FIRST MAJOR EXHIBITION TO EXPLORE THE ART OF THAT DECADE THROUGH A HISTORIC LENS. THE MUSEUM ALSO PRESENTED EXHIBITIONS EXPLORING UNDER-RECOGNIZED WOMEN ARTISTS PRACTICING IN SAVANNAH IN THE EARLY 20TH CENTURY, RARELY-SEEN HOLDINGS FROM THE DECORATIVE ARTS COLLECTION, AND SITE-SPECIFIC ARTIST INSTALLATIONS IN THE MUSEUM'S PUBLIC SPACES. 890045 75802 EDUCATION PROGRAMS - MORE THAN 7000 PRE-K THROUGH COLLEGE STUDENTS VISITED THE MUSEUMS FOR EDUCATIONAL TOURS IN 2015. OF THESE, OVER 2700 ELEMENTARY STUDENTS PARTICIPATED IN CURRICULUM-BASED TOURS OF THE EXHIBITION MONET AND AMERICAN IMPRESSIONISM AND PARTICIPATED IN HANDS ON ART MAKING. TELFAIR'S POPULAR FREE FAMILY DAYS, OFFERED MONTHLY, HIT A NEW MILESTONE WITH AN ANNUAL ATTENDANCE OF 8,373 PEOPLE. 1,892 INDIVIDUALS, INCLUDING NEARLY 800 CHILDREN WERE SERVED IN 112 OUTREACH PROGRAMS TO NEIGHBORHOOD CENTERS, SENIOR CENTERS, HOSPITALS AND SOCIAL SERVICE ORGANIZATIONS SERVING PEOPLE WITH DISABILITIES AND VETERANS. 18 EVENING LECTURE, FILM AND PERFORMANCE PROGRAMS WERE ATTENDED BY OVER 2,600 PARTICIPANTS. 4,000 PEOPLE TOOK PART IN THE FREE PROGRAMS DURING THE 2015 PULSE ART AND TECHNOLOGY FESTIVAL AND MORE THAN 500 PARTICIPATED IN THE MUSEUM'S ANNUAL JUNETEENTH PROGRAMMING. MORE THAN 500 CHILDREN ATTENDED PRE-K, TODDLER AND HEAD START PROGRAMS. 535 YOUTHS AND ADULTS TOOK PART IN STUDIO CLASSES, CAMPS AND WORKSHOPS, WITH MORE THAN 40 STUDENTS PARTICIPATING FREE OF CHARGE DUE TO SCHOLARSHIPS. THE MUSEUM'S TEEN COUNCIL PARTICIPATED IN MONTHLY PROGRAMS, DEVELOPED A PUBLIC EDUCATION EVENT AND STUDENT EXHIBITION. THREE OPEN HOUSE AND EVENING TRAINING PROGRAMS WERE OFFERED FOR LOCAL K-12 EDUCATORS. 15 EXHIBITIONS FEATURED WORK BY PROGRAM PARTICIPANTS OF ALL AGES IN THE MUSEUM'S COMMUNITY GALLERY. 1403031 742970 COLLECTIONS - CURRENTLY, THE TELFAIR HOLDS OVER 6,000 WORKS OF ART, INCLUDING PAINTINGS, WORKS ON PAPER, SCULPTURE, FURNITURE, DECORATIVE ARTS AND TWO HISTORIC HOMES. THESE WORKS ARE PRIMARILY FROM EUROPE AND AMERICA, RANGING IN DATE FROM THE EIGHTEENTH CENTURY THROUGH THE PRESENT. IN 2015, THE TELFAIR ACQUIRED 33 WORKS FOR THE COLLECTION, LARGELY THROUGH GIFTS. THESE ACQUISITIONS INCLUDE PAINTINGS, WORKS ON PAPER, PHOTOGRAPHS, SILVER, MIXED MEDIA AND DECORATIVE ART OBJECTS. THESE WORKS HAVE HELPED TO AUGMENT AND DIVERSIFY THE TELFAIR'S PERMANENT COLLECTION 4167964 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 52 0 1 85 1 0 0 0 0 0 1 1 0 0 X 33 33 1 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 1 0 0 GA X X JOSEPH RUDDER 9127908874 TELFAIR MUSEUM OF ART INCPO BOX SAVANNAH GA 31412 ALICE JEPSON PAST CHAIR 10.00 X X 0 0 0 CHERI ROACH CHAIRMAN 10.00 X X 0 0 0 KEN SIRLIN TREASURER 10.00 X X 0 0 0 BOB FAIRCLOTH SECRETARY 10.00 X X 0 0 0 DR WILLIAM T MOORE VICE CHAIR 10.00 X X 0 0 0 TAMMIE MOSLEY TRUSTEE 3.00 X 0 0 0 TOM REILLY VICE CHAIR 10.00 X X 0 0 0 FRANK MACGILL LEGAL COUNSEL 10.00 X X 0 0 0 EMILY CAY TRUSTEE 3.00 X 0 0 0 SYLVIA COKER TRUSTEE 3.00 X 0 0 0 CHIP COMPTON TRUSTEE 3.00 X 0 0 0 DALE CRITZ JR VICE CHAIR 10.00 X X 0 0 0 GLEN DARBYSHIRE TRUSTEE 3.00 X 0 0 0 DR CHERYL DOZIER TRUSTEE 3.00 X 0 0 0 OLETA HARDEN TRUSTEE 3.00 X 0 0 0 JOSH KELLER TRUSTEE 3.00 X 0 0 0 TED KLEISNER CHAIRMAN ELECT 10.00 X X 0 0 0 LINDA FISK MORRIS TRUSTEE 3.00 X 0 0 0 DAVID PADDISON TRUSTEE 3.00 X 0 0 0 ROSALEEN ROXBURG TRUSTEE 3.00 X 0 0 0 SWANN SEILER TRUSTEE 3.00 X 0 0 0 BILL SKINNER TRUSTEE 3.00 X 0 0 0 HUE THOMAS TRUSTEE 3.00 X 0 0 0 RICKARD ECKBURG HONORARY TRUSTEE 3.00 X 0 0 0 ROBERT JEPSON HONORARY TRUSTEE 3.00 X 0 0 0 CAROLYN LUCK HONORARY TRUSTEE 3.00 X 0 0 0 BETTY MELAVER HONORARY TRUSTEE 3.00 X 0 0 0 ANN MILLER HONORARY TRUSTEE 3.00 X 0 0 0 FRIDA MOORE HONORARY TRUSTEE 3.00 X 0 0 0 CATHY SOLOMONS HONORARY TRUSTEE 3.00 X 0 0 0 HELEN STEWARD HONORARY TRUSTEE 3.00 X 0 0 0 LINDA MCWHORTER EX-OFFICIO TRUSTEE 3.00 X 0 0 0 DEE SUTLIVE EX-OFFICIO TRUSTEE 3.00 X 0 0 0 JAN DORMAN TRUSTEE 3.00 X 0 0 0 DAVE NEISES TRUSTEE 3.00 X 0 0 0 GWENDOLYN STARKS EX-OFFICIO TRUSTEE 3.00 X 0 0 0 KELLY NEWBERRY EX-OFFICIO TRUSTEE 3.00 X 0 0 0 APRIL MUNDY EX-OFFICIO TRUSTEE 3.00 X 0 0 0 GRETCHEN PEARCE EX-OFFICIO TRUSTEE 3.00 X 0 0 0 RACHEL WILSON EX-OFFICIO TRUSTEE 3.00 X 0 0 0 LISA GROVE DIRECTOR AND CEO 60.00 X 200082 0 5720 JOSEPH RUDDER CHIEF FINANCIAL OFFICER 50.00 X 81150 0 0 281232 0 5720 1 0 1 0 SUNSTATES SECURITY LLC 802 CORPORATE CENTER DRIVE RALEIGH NC 27607 SECURITY SERVICES 393618 SOUTHERN ATLANTIC MECHANICAL 3770 FERNANDINA RD COLUMBIA SC 29210 MAINTENANCE 247742 LANDMARK PRESERVATION PO BOX 8604 SAVANNAH GA 31412 HISTORIC PRESERVATION 125609 3 198638 485055 147800 1319403 17300 2150896 MUSEUM ADMISSIONS 713990 1418377 1418377 EDUCATION PROGRAM REVENUE 611710 43523 43523 1461900 599840 599840 125561 3000 1162 0 124399 3000 127399 127399 7564855 6793568 771287 771287 771287 231697 485055 427554 -195857 -195857 456404 377196 79208 79208 MISCELLANEOUS 900099 14730 14730 14730 5009403 1555838 0 1302669 286953 154056 63967 68930 1634967 1248909 207772 178286 142637 141806 623 208 135372 99898 18817 16657 3418 3418 30410 30410 145612 145612 431683 342246 46848 42589 245978 175946 31693 38339 199143 132929 39346 26868 51237 20495 15371 15371 735326 545101 165001 25224 14385 581 13368 436 13919 5513 5598 2808 106224 82855 16996 6373 640246 544209 64025 32012 147231 117784 22085 7362 CURATORIAL EXPENSES 403753 403753 EDUCATION 151883 151883 CREDIT CARD PROCESSING 59591 59591 5579968 4167964 950541 461463 1203961 796203 1446613 1348586 26736 77608 142231 134211 144351 77499 31991983 8240992 23796897 23750991 25659747 24785521 3316067 3312974 2313369 1992075 58049972 56275668 375742 383430 161890 148285 6000000 6000000 6537632 6531715 X 29604193 28830524 16254876 6770985 5653271 14142444 51512340 49743953 58049972 56275668 X -570565 -1082504 -115318 X 0 1 X 1 0 X 2089891 1908253 4022394 4401700 2150896 14573134 2089891 1908253 4022394 4401700 2150896 14573134 2909428 11663706 533414 594427 572235 564787 599840 2864703 17437837 7447349 0.66890 0.66290 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 0 17622842 9034921 273314 845786 26085291 16369223 1128350 801799 676530 17622842 10883492 3004439 3115653 634361 16369223 10458275 950 1711409 1287142 10883492 12530689 205254 2277668 10458275 0.46000 0.54000 1 0 1254866 1254866 27844247 5605241 22239006 2892870 2635751 257119 23750991 CHATHAM SMALL CAP PARTNERSHIP I, L.P. 3312974 F 3312974 X 4064715 -1082504 -1082504 5147219 -137816 -137816 5009403 5833099 253131 253131 5579968 0 5579968 PART III, LINE 1A: COLLECTIONS: THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE MUSEUM'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENTS OF FINANCIAL POSITION. THE COLLECTIONS INCLUDE TWO HISTORIC LANDMARK HOMES, FURNISHINGS, PAINTINGS AND FINE AND DECORATIVE ART OBJECTS. ALL ITEMS IN THE COLLECTIONS ARE DEEMED INEXHAUSTIBLE ASSETS. UNEXPENDED PROCEEDS FROM DEACCESSIONS ARE REFLECTED IN UNRESTRICTED NET ASSET CLASS. THEIR USE IS LIMITED, HOWEVER, BY MUSEUM PROFESSIONAL STANDARDS, WHICH REQUIRE THAT SUCH PROCEEDS BE MADE AVAILABLE FOR ACQUISITION OF OTHER ART OBJECTS. PART III, LINE 4: THE COLLECTIONS INCLUDE TWO HISTORICAL HOMES, FURNISHINGS, PAINTINGS, AND FINE AND DECORATIVE ART OBJECTS. PART V, LINE 4: THE MUSEUM'S ENDOWMENT CONSISTS OF SEVERAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES TO INCLUDE BOTH INCOME AND COLLECTION PURPOSES. PART X, LINE 2: TAX STATUS FOOTNOTE - THE MUSEUM HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL TAX UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE, EXCEPT FOR TAXES ON ACTIVITIES UNRELATED TO ITS EXEMPT PURPOSE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE THE TAX POSITIONS TAKEN BY THE MUSEUM AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE MUSEUM HAS AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. MANAGEMENT HAS CONCLUDED THAT AS OF DECEMBER 31, 2014, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN BY THE MUSEUM THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. MANAGEMENT BELIEVES THAT IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS BEGINNING PRIOR TO 2012. PART XI, LINE 4B - OTHER ADJUSTMENTS: COGS ON LINE 10B INCLUDED IN PAYROLL EXPENSE IN AUDITED FS ROUNDING PART XII, LINE 2D - OTHER ADJUSTMENTS: COGS ON LINE 10B INCLUDED IN PAYROLL EXPENSE IN AUDITED FS COLLECTION ITEMS PURCHASED AND NOT CAPITALIZED ROUNDING TELFAIR BALL 522907 343321 179586 25270 52458 6200 72005 ART FAIR 138216 52675 85541 10500 34715 17782 14046 4 55629 89059 -33430 36173 104079 4207 50119 716752 485055 231697 10500 96158 174319 10407 136170 427554 -195857 X 0 1 X X X 0 0 0 0 0 0 0 0 0 LISA GROVE DIRECTOR AND CEO 200082 0 0 0 0 0 0 0 5720 0 205802 0 0 0 PART I, LINE 1A THE TELFAIR DIRECTOR BELONGS TO CHATHAM CLUB (A DINING CLUB) WITH DUES OF $85 A MONTH PAID BY THE TELFAIR MUSEUM OF ART, INC. THE DINING CLUB IS USED SOLELY FOR BOARD COMMITTEE AND BUSINESS MEETINGS/LUNCHES. PART I, LINE 1B THERE IS NO WRITTEN POLICY REGARDING PAYMENT OR REIMBURSEMENT OF THE CLUB DUES AS THE CHATHAM CLUB DIRECTLY BILLS THE TELFAIR. IT IS PAID ONCE APPROVED BY THE DIRECTOR. PART I, LINE 3 THE EXECUTIVE COMMITTEE REVIEWS COMPENSATION SURVEYS OF SIMILAR ORGANIZATIONS AND DETERMINES THE APPROPRIATE AMOUNT TO PRESENT TO THE BOARD OF TRUSTEES. THE BOARD APPROVES THE AMOUNT DETERMINED BY THE EXECUTIVE COMMITTEE. A SAVANNAH ECONOMIC DEVELOPMENT AUTHORITY REVENUE BONDS TELFAIR MUSEUM OF ART 586001588 80483CGM7 2006-04-18 8000000 BUILDINGS AND STRUCTURES 0 0 0 A 2000000 8000000 118078 2006 0 0 1 1 A 0 0 0 0 0 0 0 A 1 1 0 0 0 0 A 0 EMILY CAY - SPOUSE RELATED TO CAY I TRUSTEE 143027 PROPERTY AND LIABILITY INSURANCE SERVICES THROUGH CAY INSURANCE SERVICES 0 X 23 X 54204 FAIR MARKET VALUE X 17300 FAIR MARKET VALUE 0 0 0 PART I, LINE 33: A ZERO AMOUNT WAS REPORTED ON FORM 990, PART VIII, STATEMENT OF REVENUE, LINE 1G, BECAUSE THE MUSEUM DOES NOT CAPITALIZE ITS COLLECTIONS, AS ALLOWED UNDER SFAS 116. FORM 990, PART VI, SECTION A, LINE 2 MR. ROBERT S. JEPSON, JR. AND MRS. ALICE JEPSON - FAMILY RELATIONSHIP; AND MR. MILLS FLEMING AND MR. FRANK MCGILL - BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS FIRST REVIEWED BY THE DIRECTOR OF THE MUSEUM. IT IS THEN REVIEWED AND SIGNED BY THE CHIEF FINANCIAL OFFICER. THE FORM 990 IS THEN PRESENTED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES AT THE FIRST AVAILABLE MEETING AND DISCUSSED AT THE NEXT BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12 IN ACCORDANCE WITH THE RESOLUTION AND CONFLICT OF INTEREST POLICY ADOPTED BY THE BOARD OF TRUSTEES OF TELFAIR MUSEUM OF ART, INC., ON MARCH 22, 2004 TRUSTEES, OFFICERS, AND COMMITTEE MEMBERS AND ANY OTHER PERSON GIVEN THE POWER TO VOTE AT BOARD OR BOARD COMMITTEE MEETINGS ARE REQUESTED TO COMPLETE THE ANNUAL DISCLOSURE STATEMENT FOR THE CONFLICT OF INTEREST POLICY AND RETURN IT PROMPTLY TO THE TELFAIR MUSEUM OF ART, INC. FORM 990, PART VI, SECTION B, LINE 15A THE DIRECTOR OF THE TELFAIR MUSEUM OF ART IS REVIEWED BY THE EXECUTIVE COMMITTEE ON AN ANNUAL BASIS. THE REVIEW IS PRESENTED TO THE DIRECTOR THROUGH THE PRESIDENT OF THE BOARD OF TRUSTEES. THE REVIEW IS COMPOSED OF THE FOLLOWING STEPS: 1) THE BOARD CHAIRPERSON SOLICITS INPUT ON PERFORMANCE FROM MEMBERS OF THE BOARD; 2) THE EXECUTIVE COMMITTEE DISCUSSES THE DIRECTOR'S PERFORMANCE AND RECOMMENDS A SALARY FOR THE FOLLOWING YEAR; 3) ONCE COMPLETED, THE REVIEW AND COMPENSATION RECOMMENDATION IS MADE AVAILABLE TO THE FULL BOARD FOR REVIEW AND APPROVAL. FOR ALL OTHER PAID OFFICERS (DIRECTORS) AND KEY EMPLOYEES OF THE MUSEUM, THE DIRECTOR REVIEWS THE ANNUAL SALARY SURVEY COMPILED BY THE ASSOCIATION OF ART MUSEUM DIRECTORS (AAMD) AND ADJUSTMENTS ARE MADE AT THE DISCRETION OF THE DIRECTOR. FORM 990, PART VI, SECTION C, LINE 18 TELFAIR MUSEUM OF ART MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. IT IS ALSO AVAILABLE AT WWW.GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 TELFAIR MUSEUM OF ART MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE FORM 990 IS ALSO AVAILABLE AT WWW.GUIDESTAR.ORG. FORM 990, PART XI, LINE 9: PURCHASES FOR THE COLLECTION, NOT CAPITALIZED -115,318.