2016-02-11T09:12:05-06:00 2015-06-30 410746749 CLIFTONLARSONALLEN LLP 600 3RD AVE SE STE 300 CEDAR RAPIDS IA 52401 990 2014-07-01 420680248 CEDAR RAPIDS MUSEUM OF ART CEDA 3193667503 410 3RD AVENUE SE CEDAR RAPIDS IA 52401 DEANNA CLEMENS PEDERSEN DIRECTOR OF OPERATIONS 3193667503 2016-02-10 1 DAVID LITTLE P01480921 3193632697 2014 2016-04-25 22:37:26Z SEAN ULMER 410 3RD AVENUE SE CEDAR RAPIDS IA 52401 1308645 0 X WWW.CRMA.ORG X 1905 IA TO EXCITE, ENGAGE, AND EDUCATE THROUGH THE ARTS. 24 24 22 150 0 0 911817 713555 99636 107702 191586 405386 16713 14317 1219752 1240960 0 0 0 0 503383 558851 0 0 163203 745015 763355 1248398 1322206 -28646 -81246 24312159 12598100 377599 94636 23934560 12503464 TO PROVIDE THE BEST CULTURAL EXPERIENCE IN OUR REGION WHILE MAKING SIGNIFICANT NATIONAL CONTRIBUTIONS TO THE ARTS. 0 0 752469 171692 THE CEDAR RAPIDS MUSEUM OF ART (CRMA) MAINTAINS AND OPERATES AN ART MUSEUM WITH A PERMANENT COLLECTION OF MORE THAN 7,700 WORKS OF ART. CRMA HAS SIXTEEN GALLERIES IN WHICH IT ORGANIZES A DOZEN OR MORE EXHIBITIONS ANNUALLY. CRMA IS OPEN SIX DAYS A WEEK AND RECEIVES MORE THAN 30,000 VISITORS ANNUALLY, INCLUDING SEVERAL THOUSAND CHILDREN. MANY EDUCATIONAL PROGRAMS ARE HELD AT THE MUSEUM AND AT OFFSITE LOCATIONS, INCLUDING PUBLIC LIBRARIES. CRMA ALSO OWNS THE ORIGINAL GRANT WOOD STUDIO, A NEARBY HISTORIC HOUSE PROPERTY WHERE THE AMERICAN ARTIST LIVED FROM 1924-1935. THE STUDIO IS OPEN FOR FREE TOURS ON MOST WEEKENDS APRIL THROUGH DECEMBER. 752469 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 5 0 22 1 0 0 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X DEANNA CLEMENS PEDERSEN 3193667503 410 3RD AVENUE SE CEDAR RAPIDS IA 52401 BRAD JOENS TRUSTEE 1.00 X 0 0 0 CLAR BALDUS TRUSTEE 1.00 X 0 0 0 DANA LARSON TRUSTEE 1.00 X 0 0 0 LISA THIRNBECK TRUSTEE 1.00 X 0 0 0 MARSHA WEGMAN TRUSTEE 1.00 X 0 0 0 MAUREEN KLER OSAKO TRUSTEE 1.00 X 0 0 0 QUINN PETTIFER TRUSTEE 1.00 X 0 0 0 SUSAN KOCH TRUSTEE 1.00 X 0 0 0 FRED ROSE II TRUSTEE 1.00 X 0 0 0 DEE ANN MCINTYRE TRUSTEE 1.00 X 0 0 0 JOHN BALLARD TRUSTEE 1.00 X 0 0 0 PETER PAISLEY TRUSTEE 1.00 X 0 0 0 KIRSTEN EDDINS TRUSTEE 1.00 X 0 0 0 WAYNE FLORY TRUSTEE 1.00 X 0 0 0 KAREN HARPOLE TRUSTEE 1.00 X 0 0 0 DR JAMES LEVETT TRUSTEE 1.00 X 0 0 0 SHAWN LEUTH TRUSTEE 1.00 X 0 0 0 DAVID MCINALLY TRUSTEE 1.00 X 0 0 0 BILL STAMATS TRUSTEE 1.00 X 0 0 0 ROB FREDERICK TRUSTEE - LEFT JANUARY 2015 1.00 X 0 0 0 JAN SPIELMAN TRUSTEE - LEFT AUGUST 2014 1.00 X 0 0 0 BRIAN COLLER TREASURER/TRUSTEE 1.00 X X 0 0 0 BRAD HAUGE TREASURER 1.00 X X 0 0 0 PHIL LASANSKY SECRETARY 1.00 X X 0 0 0 KISSY HEINS VICE PRESIDENT 1.00 X X 0 0 0 TOM DEBOOM PRESIDENT 1.00 X X 0 0 0 SEAN ULMER EXECUTIVE DIRECTOR 40.00 X 88963 0 8987 88963 0 8987 0 0 0 0 0 238122 72330 14068 76500 312535 713555 MEMBERSHIP DUES 900099 47562 47562 FACILITY RENTAL 532000 32806 32806 ADMISSIONS 900099 27334 27334 107702 169640 169640 235746 0 235746 235746 235746 13445 14068 19769 -6324 -6324 63990 47916 16074 16074 HCC REFUND 900099 4567 4567 4567 1240960 123776 0 403629 103642 77732 15545 10365 366938 120797 145150 100991 4566 4473 93 49416 2975 44932 1509 34289 14210 11570 8509 36247 36247 25239 25239 30931 841 21667 8423 18227 10401 7826 67248 46460 11183 9605 161483 138882 19372 3229 7897 4780 627 2490 5038 542 3151 1345 2742 2742 314185 270199 37702 6284 30495 25922 4304 269 SECURITY 30179 25954 3621 604 ART ACQUISITION 10424 10424 RECEPTION 3559 1898 1661 19461 452 19009 1322206 752469 406534 163203 236693 240588 286283 140286 1651354 1488411 65250 56621 14203 16945 11825289 5948189 6093173 5877100 4430346 4266007 189474 181381 11036922 308461 330761 24312159 12598100 93312 47046 15000 269287 47590 377599 94636 X 17485583 6300477 2628445 2357322 3820532 3845665 23934560 12503464 24312159 12598100 -81246 -312928 -11036922 0 X X 1 X 0 1 0 X 2082215 860868 1789862 911817 713555 6358317 63564 63480 63392 63299 63202 316937 2145779 924348 1853254 975116 776757 6675254 623357 6051897 107235 126024 144344 105491 169640 652734 126824 129303 15980 14803 18012 304922 7632910 792573 0.79290 0.79210 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FLOOD RECOVERY - 2010 AMOUNT: $ 65,555. GROSS INCOME FROM FUNDRAISING - 2010 AMOUNT: $ 61,269. 2011 AMOUNT: $ 129,303. 2012 AMOUNT: $ 15,980. 2013 AMOUNT: $ 14,803. 2014 AMOUNT: $ 13,445. HEALTH CARE CREDIT REFUND - 2014 AMOUNT: $ 4,567. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 3782273 2000 79930 163273 20262 3680668 3437950 518863 155601 18939 3782273 3185578 31475 422409 181269 20243 3437950 3305753 172444 -107283 164202 21134 3185578 2519887 424223 519004 139290 18071 3305753 0.00000 1.00000 0.00000 1 0 257164 257164 11159494 5557363 5602131 408631 390826 17805 5877100 PART III, LINE 1A: THERE ARE NO FOOTNOTES PROVIDED AS PART OF THE COMPILED FINANCIAL STATEMENTS. THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE INCEPTION OF THE MUSEUM, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED, OR AS TEMPORARILY OR PERMANENTLY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED ON THE FINANCIAL STATEMENTS. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. PART III, LINE 4: CRMA COLLECTS A WIDE VARIETY OF ART, COVERING SEVERAL GEOGRAPHIC LOCATIONS, TIME PERIODS, AND MEDIA. IT IS PRIMARILY KNOWN FOR ITS HOLDINGS OF AMERICAN ART, ESPECIALLY FROM THE FIRST HALF OF THE TWENTIETH CENTURY. CRMA HOUSES THE WORLD'S LARGEST COLLECTIONS OF WORK BY SEVERAL KEY ARTISTS, INCLUDING GRANT WOOD, MARVIN CONE, MAURICIO LASANSKY, AND MALVINA HOFFMAN. WHILE WE ARE A PRIVATE NON-PROFIT ORGANIZATION, WE HOLD THESE WORKS IN THE PUBLIC TRUST. WE TAKE GREAT EFFORTS TO MAXIMIZE ACCESSIBILITY TO THE COLLECTIONS, FROM KEEPING ADMISSION PRICES AS LOW AS POSSIBLE TO OFFERING SEVERAL FREE ADMISSION OPPORTUNITIES EACH YEAR. WE ROTATE THE COLLECTION FREQUENTLY TO MAXIMIZE THE NUMBER AND VARIETY OF WORKS A VISITOR MIGHT ENCOUNTER DURING DIFFERENT VISITS. PART V, LINE 4: THE ENDOWMENTS CONSIST OF VARIOUS FUNDS ESTABLISHED TO SUPPORT CAPITAL, PROGRAMMING, AND THE GENERAL OPERATING NEEDS OF CRMA. BEAUX ART BALL 15838 10588 5250 3813 1500 6014 CLUE 10145 1950 8195 200 2997 1500 3745 25983 12538 13445 200 6810 3000 9759 19769 -6324 X 80 6 0 1 0 PART I, COLUMN (B): THE FIGURE REPRESENTS THE NUMBER OF ITEMS DONATED TO THE COLLECTION DURING THE CURRENT YEAR. PART I, LINE 33: THE ONLY NON-CASH CONTRIBUTIONS RECEIVED WERE ADDITIONS TO CRMA'S COLLECTION. AS ALLOWABLE UNDER SFAS 116 (ASC 958), CRMA DOES NOT INCLUDE THE COLLECTION OR CONTRIBUTED COLLECTION ITEMS ON ITS FINANCIAL STATEMENTS. DONATED ITEMS INCLUDED VARIOUS WORKS OF ART. FORM 990, PART IV, LINE 32: STARTING WITH THE 2014 TAX YEAR, CRMA IS NO LONGER CARRYING THE FMV OF ITS COLLECTION ON ITS BALANCE SHEET. FOR FINANCIAL STATEMENT PURPOSES CRMA DOES NOT CARRY THE VALUE OF THE COLLECTION ON THE BALANCE SHEET AND THE TAX RETURN NOW REFLECTS THAT TREATMENT AS ALLOWED UNDER SFAS 116 (ASC 958). THE COLLECTION WAS REPORTED AS A PROGRAM RELATED INVESTMENT IN PREVIOUS YEARS (FORM 990, PART X, LINE 13) AND THE ENTIRE VALUE WAS CONSIDERED TO BE PART OF THE UNRESTRICTED NET ASSETS (FORM 990, PART X, LINE 27). THE FMV OF THE COLLECTION AS OF JUNE 30, 2014 THAT WAS REPORTED ON THE 2013 FORM 990 WAS $11,036,922, THIS ENTIRE AMOUNT HAS BEEN REMOVED FROM THE BALANCE SHEET AS A PRIOR PERIOD ADJUSTMENT (FORM 990, PART XI, LINE 8). THIS IS NOT A SALE, EXCHANGE, DISPOSITION, OR OTHER TRANSFER AND IS THEREFORE NOT BEING REPORTED ON SCH. N; THIS IS ONLY A CHANGE IN PRESENTATION AS ALLOWED BY SFAS 116 (ASC 958), CRMA STILL HAS COMPLETE CONTROL OVER THEIR COLLECTION. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. A COPY OF THE FORM 990 IS GIVEN TO THE FINANCE COMMITTEE FOR THEIR REVIEW. AFTER THEIR REVIEW THE FINAL VERSION OF THE FORM 990 IS PROVIDED TO THE ENTIRE BOARD OF DIRECTORS PRIOR TO THE RETURN BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, ALL BOARD MEMBERS ARE REQUIRED TO COMPLETE AND SIGN A CONFLICT OF INTEREST STATEMENT. ALL STATEMENTS ARE REVIEWED BY THE EXECUTIVE COMMITTEE. IF THEY DETERMINE THERE IS A CONFLICT, THE BOARD MEMBER IS REQUIRED TO ABSTAIN FROM DISCUSSION AND VOTING. POTENTIAL CONFLICTS AND THOSE THAT ARE DETERMINED TO BE CONFLICTS ARE DOCUMENTED IN MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15A EXECUTIVE DIRECTOR COMPENSATION IS SET BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS AND IS RECORDED IN THE MINUTES OF THE COMMITTEE. THIS DECISION IS MADE KNOWN ANNUALLY TO THE FULL BOARD OF DIRECTORS. ANNUAL COMPENSATION IS SET IN ACCORDANCE WITH ANNUAL GOALS SET BY THE EXECUTIVE COMMITTEE. THE COMMITTEE TAKES INTO ACCOUNT COMPARABLE SALARIES BY OBTAINING SALARY SURVEYS. THIS PROCESS WAS LAST COMPLETED IN 2015. FORM 990, PART VI, SECTION C, LINE 15B: NO OTHER COMPENSATED EMPLOYEES MEET THE IRS DEFINITION OF OFFICER OR KEY EMPLOYEE. FORM 990, PART VI, SECTION C, LINE 19 CRMA MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE SCOPE OF SERVICES CHANGED IN THE CURRENT YEAR, BUT THE SELECTION AND OVERSIGHT PROCESS DID NOT CHANGE FROM THE PRIOR YEAR.