2016-02-10T12:00:01-06:00 2015-06-30 GARY MCGEE & CO LLP 808 SW THIRD AVENUE SUITE 700 PORTLAND OR 97204 990 2014-07-01 930391604 PORTLAND ART MUSEUM PORT 5032262811 1219 SW PARK AVENUE PORTLAND OR 972052430 GARETH NEVITT CHIEF FINANCIAL OFFICER 5032262811 2016-02-08 1 GARY MCGEE P00743279 5032222515 2014 2016-08-17 19:52:53Z BRIAN FERRISO 1219 SW PARK AVENUE PORTLAND OR 972052430 18581271 0 X WWW.PORTLANDARTMUSEUM.ORG X 1892 OR COLLECTION AND PRESERVATION OF ART FOR PUBLIC EXHIBITION. 50 50 304 1090 444314 306619 10988963 11486814 2668156 2475289 895607 962677 1473504 1687296 16026230 16612076 5000 3000 0 0 7787485 8087968 7201 23607 1676001 9118387 9624147 16918073 17738722 -891843 -1126646 124035554 120273341 4344933 1797978 119690621 118475363 THE MISSION OF THE PORTLAND ART MUSEUM IS TO ENGAGE THE PUBLIC WITH ART, AND FILM OF ENDURING QUALITY, TO FACILITATE DIALOGUE WITH DIVERSE AUDIENCES, AND TO COLLECT, PRESERVE AND EDUCATE FOR THE ENRICHMENT OF PRESENT AND FUTURE GENERATIONS. 0 0 12672992 2204354 THE MUSEUM DEVOTES 90% OF ITS GALLERIES TO ITS PERMANENT COLLECTIONS WHICH CONSISTS OF MORE THAN 50,000 OBJECTS. IT ALSO MAINTAINS AN AMBITIOUS EXHIBITION PROGRAM, PRESENTING APPROXIMATELY 20 EXHIBITIONS EACH YEAR. HIGHLIGHTS FOR FISCAL YEAR 2015 WERE: IN PASSIONATE PURSUIT: THE ARLENE AND HAROLD SCHNITZER COLLECTION AND LEGACY, BLUE SKY AT 40, ITALIAN STYLE: FASHION SINCE 1945, AND GODS AND HEROES: MASTERPIECES OF THE ECOLE DES BEAUX-ARTS, PARIS. 1141858 3000 735974 THE MUSEUM'S NORTHWEST FILM CENTER CONDUCTS AN ACTIVE FILM AND VIDEO EXHIBITION PROGRAM, SCREENING MORE THAN 500 FILMS DURING THE YEAR. THE FILM CENTER OPERATES THE OLDEST AND MOST COMPREHENSIVE FILM SCHOOL IN OREGON AND THE NORTHWEST AND HAS ONE OF THE PREMIERE YOUTH MEDIA ARTS RESIDENCY PROGRAMS IN THE NATION. DURING THE YEAR, THE FILM CENTER'S GLOBAL CLASSROOM GAVE 3,350 SCHOOL CHILDREN A WINDOW ON THE WORLD THROUGH THE SCREENING OF INTERNATIONAL FILMS TIED TO FOREIGN LANGUAGE, SOCIAL STUDIES AND OTHER SCHOOL CURRICULUM AND NEARLY 800 PEOPLE LEARNED THE ART OF FILMMAKING AT THE SCHOOL OF FILM. 581769 19896 MUSEUM EDUCATION PROGRAMS AIM TO BROADEN AND DEEPEN ACCESS TO EXHIBITIONS AND THE COLLECTIONS, AND TO FACILITATE VISITORS' LEARNING ABOUT ART BOTH ON AND OFFSITE. LAST YEAR, ONE-THIRD OF ALL VISITORS ATTENDED FOR FREE OR REDUCED PRICE ADMISSION, INCLUDING ALL CHILDREN UNDER AGE 17. THE MUSEUM ALSO PRESENTED 113 PUBLIC PROGRAMS, INCLUDING LECTURES, ARTIST TALKS, AND TOURS, AND THE NORTHWEST FILM CENTER HOSTED MORE THAN 50 VISITING ARTISTS. 14396619 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 0 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 219 0 304 1 1 1 0 0 0 0 1 1 0 0 0 0 X 50 50 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 OR X X GARETH NEVITT 5032262811 1219 SW PARK AVENUE PORTLAND OR 972052430 MR N CHRISTIAN ANDERSON III TRUSTEE 1.00 X 0 0 0 MS LINDA ANDREWS TRUSTEE 1.00 X 0 0 0 MRS SHARON BARNES TRUSTEE 1.00 X 0 0 0 MS MISSY BECHEN TRUSTEE 1.00 X 0 0 0 MRS LISA D BROOKE TRUSTEE 1.00 X 0 0 0 MRS MARY BETH BURPEE TRUSTEE 1.00 X 0 0 0 MR JAMES CRUMPACKER TRUSTEE 1.00 X 0 0 0 MR MATT FELTON TRUSTEE 1.00 X 0 0 0 MR MARK C FRANDSEN TRUSTEE 1.00 X 0 0 0 MRS ALIX GOODMAN TRUSTEE 1.00 X 0 0 0 MR MARK GOODMAN TRUSTEE 1.00 X 0 0 0 MR JOHN GOODWIN TRUSTEE 1.00 X 0 0 0 MR PATRICK GREEN TRUSTEE 1.00 X 0 0 0 MR PETER HALL TRUSTEE 1.00 X 0 0 0 MR STEVE HOLWERDA TRUSTEE 1.00 X 0 0 0 MRS JUDY HUMMELT TRUSTEE 1.00 X 0 0 0 MRS WILLIE KEMP TRUSTEE 1.00 X 0 0 0 MRS SELBY JEAN KEY TRUSTEE 1.00 X 0 0 0 MRS NANCY LEMATTA TRUSTEE 1.00 X 0 0 0 MS KATHLEEN LEWIS TRUSTEE 1.00 X 0 0 0 MRS CYNDY MALETIS TRUSTEE 1.00 X 0 0 0 MR DAVID MARGULIS TRUSTEE 1.00 X 0 0 0 MR MELVIN MARK JR TRUSTEE 1.00 X 0 0 0 MR STEVEN MCGEADY TRUSTEE 1.00 X 0 0 0 MS LANI MCGREGOR TRUSTEE 1.00 X 0 0 0 MR MARK MILLER TRUSTEE 1.00 X 0 0 0 MRS SHIRLEY PAPE TRUSTEE 1.00 X 0 0 0 MRS TRAVERS HILL POLAK TRUSTEE 1.00 X 0 0 0 MRS DEE POTH TRUSTEE 1.00 X 0 0 0 MR BRIAN RICE TRUSTEE 1.00 X 0 0 0 MS APRIL KNAPP SANDERSON TRUSTEE 1.00 X 0 0 0 MRS ARLENE SCHNITZER TRUSTEE 1.00 X 0 0 0 MS THOMAS SHIPLEY TRUSTEE 1.00 X 0 0 0 MR ERIC SMIDT TRUSTEE 1.00 X 0 0 0 MS ANGELA SNOW TRUSTEE 1.00 X 0 0 0 MS ANDREE H STEVENS TRUSTEE 1.00 X 0 0 0 MR PETER STOTT TRUSTEE 1.00 X 0 0 0 MR DON VAN WART TRUSTEE 1.00 X 0 0 0 MR JOE VOBORIL TRUSTEE 1.00 X 0 0 0 MR ROBERT WARREN TRUSTEE 1.00 X 0 0 0 MRS HELEN JO WHITSELL TRUSTEE 1.00 X 0 0 0 MRS CELIA WIEBE TRUSTEE 1.00 X 0 0 0 MRS ALICE HARTMAN WIEWEL TRUSTEE 1.00 X 0 0 0 MR DAVID WILLMOTT TRUSTEE 1.00 X 0 0 0 MRS D J WILSON TRUSTEE 1.00 X 0 0 0 MR WILLIAM WHITSELL CHAIR 1.00 X X 0 0 0 MR RICHARD LOUIS BROWN VICE CHAIR 1.00 X X 0 0 0 MRS JANET GEARY CHAIR-ELECT 1.00 X X 0 0 0 MRS LAURA S MEIER SECRETARY 1.00 X X 0 0 0 MR JAMES H WINKLER TREASURER 1.00 X X 0 0 0 MR BRIAN J FERRISO EXECUTIVE DIRECTOR 35.00 X 309493 0 8685 MR GARETH A NEVITT CHIEF FINANCIAL OFFICER 35.00 X 145602 0 6635 MR JOHN MAY CHIEF ADVANCEMENT OFFICER 35.00 X 177266 0 4441 MR BRUCE GUENTHER CHIEF CURATOR 35.00 X 162432 0 4092 MR BRUCE GOLDBERG DIR OF CATERING/EVENT SALE 35.00 X 108548 0 4825 MR DONALD URQUHART DIRECTOR OF COLLECTIONS AND EXHIBITS 35.00 X 103878 0 5843 1007219 0 34521 6 0 1 0 PIONEER WATERPROOFING CO INC 14830 SW 72ND AVE TIGARD OR 97224 CONSTRUCTION 282182 COVENANT TECHNOLOGY SOLUTIONS INC 15 - 82ND DRIVE STE 120 GLADSTONE OR 97027 IT SERVICES 212386 BROWN PRINTING INC 2245 N VANCOUVER AVE PORTLAND OR 97227 PRINTING 173520 PACIFIC LIGHTWORKS LLC 16459 LEXINGTON COURT LAKE OSWEGO OR 97034 CONSTRUCTION 102672 4 3219388 125233 116770 8025423 2746098 11486814 ADMISSIONS 900099 1781080 1781080 TUITION AND FEES 611600 283798 283798 RENTAL SALES GALLERY 453000 215904 215904 OTHER PROGRAM FEES 900099 194507 194507 2475289 962677 962677 1792495 543061 925330 369837 867165 173224 1040389 266212 774177 14632 125233 30762 -16130 -16130 1239471 643266 596205 418103 178102 MISCELLANEOUS 900099 66832 66832 66832 16612076 2960224 444314 1720724 3000 3000 728789 111250 313963 303576 6151656 4916705 608451 626500 41587 29754 7301 4532 640433 496621 75723 68089 525503 402363 63547 59593 21512 12075 7633 1804 66532 66532 23607 23607 121087 121087 989212 609764 207846 171602 451397 402660 10122 38615 1223380 841113 178699 203568 133525 74946 47380 11199 1071471 883384 178865 9222 332623 311602 10525 10496 10165 4392 2560 3213 28529 28529 1659106 1260658 378911 19537 209737 116476 93261 ART & EXHIBITIONS COSTS 2481354 2481354 OTHER 1117231 868634 127749 120848 UBI TAXES 68702 68702 ALLOCATIONS -361416 569868 -931284 17738722 14396619 1666102 1676001 2877570 1510139 1014091 482405 2112684 1012769 512049 357833 309969 347708 583321 495397 86128899 27031817 60282415 59097082 41290640 47327156 13388094 8108267 1664721 1534585 124035554 120273341 1461854 1121654 579364 676324 2303715 0 4344933 1797978 X 70374445 68853928 11718152 10684700 37598024 38936735 119690621 118475363 124035554 120273341 -1126646 -88612 0 X 0 1 X 1 0 X 6995538 12613517 8348888 10988963 11486814 50433720 6995538 12613517 8348888 10988963 11486814 50433720 2614060 47819660 2162400 1572331 1642189 1641990 1736854 8755764 49187 234488 214958 444314 942947 211429 361504 60247 57800 66832 757812 60890243 16757150 0.78530 0.76950 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS 345088 ENERGY TAX CREDITS AND INCENTIVES 412724 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 54083248 1881891 640026 5095964 51509201 51434833 255967 7249162 4856714 54083248 46600920 1464069 5978345 2608501 51434833 47074398 4150878 -295529 4328827 46600920 41681519 130913 7614501 2352535 47074398 0.15820 0.74160 0.10020 0 0 4837854 3545955 8383809 70591879 21443585 49148294 448139 334372 113767 6705072 5253860 1451212 59097082 INTERESTS IN PRIVATE EQUITY PARTNERSHIPS 8108267 F 8108267 19047420 -88612 675848 587236 18460184 121087 -1969195 -1848108 16612076 20262678 675848 1969195 2645043 17617635 121087 121087 17738722 PART III, LINE 1A: THE MUSEUM'S COLLECTIONS COMPRISE MORE THAN 50,000 OBJECTS AND WORKS OF ART, INCLUDING WORKS OF EUROPEAN PAINTING AND SCULPTURE, AMERICAN PAINTING AND SCULPTURE, SILVER, ASIAN ART, NATIVE AMERICAN ART, PRE-COLUMBIAN ART, CAMEROON AND OTHER AFRICAN ART, CONTEMPORARY ART, SCULPTURE, PRINTS AND DRAWINGS, AND PHOTOGRAPHY. THE COLLECTIONS ARE MAINTAINED FOR PUBLIC EXHIBITION, EDUCATION, AND RESEARCH IN FURTHERANCE OF PUBLIC SERVICE, RATHER THAN FOR FINANCIAL GAIN. THE MUSEUM'S COLLECTIONS, ACQUIRED THROUGH PURCHASE AND DONATION, ARE NOT RECOGNIZED AS ASSETS IN THE ACCOMPANYING FINANCIAL STATEMENTS. PURCHASES OF COLLECTION ITEMS ARE RECORDED IN THE YEAR IN WHICH THE ITEMS WERE ACQUIRED AS DECREASES IN UNRESTRICTED OR TEMPORARILY RESTRICTED NET ASSETS, DEPENDING ON THE SOURCE OF THE ASSETS USED TO PURCHASE THE ITEMS AND WHETHER THOSE ASSETS WERE RESTRICTED BY DONORS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS. PURSUANT TO MUSEUM POLICY, PROCEEDS FROM THE SALE OF ART AND RELATED INSURANCE SETTLEMENTS ARE RECORDED AS TEMPORARILY RESTRICTED NET ASSETS FOR THE ACQUISITION OF WORKS OF ART. PART III, LINE 4: THE PERMANENT COLLECTION IS AT THE CORE OF THE MUSEUM'S MISSION TO COLLECT AND PRESERVE A VARIETY OF ART FOR THE ENRICHMENT OF PRESENT AND FUTURE GENERATIONS. DISPLAYED IN 112,000 SQUARE FEET OF GALLERIES, THE MUSEUM'S COLLECTION OF MORE THAN 50,000 OBJECTS REFLECTS THE HISTORY OF ART FROM ANCIENT TIMES TO TODAY. THE COLLECTION IS DISTINGUISHED FOR ITS HOLDINGS OF ARTS OF THE NATIVE PEOPLES OF NORTH AMERICA, ENGLISH SILVER, AND THE GRAPHIC ARTS. AN ACTIVE COLLECTING INSTITUTION, THE MUSEUM DEVOTES 90 PERCENT OF ITS GALLERIES TO THE PERMANENT COLLECTION. PART V, LINE 4: THE MUSEUM'S ENDOWMENTS ARE USED TO FUND CERTAIN CURATORIAL AND MANAGEMENT POSITIONS, TO PURCHASE, PRESERVE, AND DISPLAY SPECIFIC TYPES OF ART, TO SUPPORT EDUCATION AND NORTHWEST FILM CENTER ACTIVITIES AND FOR THE UNRESTRICTED SUPPORT OF OVERALL MUSEUM OPERATIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -643,266. RENTAL EXPENSES -1,295,167. SPECIAL EVENT EXPENSES -30,762. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 643,266. RENTAL EXPENSES 1,295,167. SPECIAL EVENT EXPENSES 30,762. X X X X X X X 1 COMNET MARKETING GROUP 1214 STOWE AVE MEDFORD OR 97501 TELEMARKETING 0 106435 23607 82828 106435 23607 82828 OR NEW FOR THE WALL 139865 125233 14632 22334 8428 139865 125233 14632 22334 8428 30762 -16130 X 1 1 X X X X 1 0 0 1 0 0 0 1 0 MR BRIAN J FERRISO EXECUTIVE DIRECTOR 309308 0 0 0 185 0 3650 0 5035 0 318178 0 0 0 MR GARETH A NEVITT CHIEF FINANCIAL OFFICER 145421 0 0 0 181 0 1602 0 5033 0 152237 0 0 0 MR JOHN MAY CHIEF ADVANCEMENT OFFICER 177003 0 0 0 263 0 1807 0 2634 0 181707 0 0 0 MR BRUCE GUENTHER CHIEF CURATOR 136820 0 1400 0 24212 0 0 0 4092 0 166524 0 0 0 PART I, LINE 1A MEMBERSHIP IN THE ARLINGTON BUSINESS CLUB IS USED FOR ENTERTAINING AND BUSINESS DISCUSSIONS IN PORTLAND. PART I, LINE 1B THE EMPLOYMENT CONTRACT APPROVED BY THE BOARD OF TRUSTEES INCLUDES ARLINGTON CLUB BENEFIT. PART I, LINE 4A BRUCE GUENTHER, CHIEF CURATOR, RECEIVED A RETIREMENT BONUS OF $23,077. PART I, LINE 5 THE COMPENSATION OF THE DIRECTOR OF CATERING/EVENT SALES INCLUDES A COMMISSION BASED ON BUDGETED REVENUES FROM CATERING/EVENT SALES, AS FOLLOWS: $10,000 FIXED COMMISSION WHEN EVENT REVENUES EXCEED BUDGET, AND 5% OF ALL REVENUES IN EXCESS OF BUDGET. PART I, LINE 7 DISCRETIONARY BONUSES WERE AWARDED BECAUSE OPERATING RESULTS WERE BETTER THAN BUDGETED. X 665 CURATORIAL JDGMENT X 575 STAFF PROF. JDGMENT X 63 2669246 QUOTED PRICES X SUPPLIES 20 46437 DONOR VALUATION X SOFTWARE 1 28100 DONOR VALUATION X EQUIPMENT 2 1740 DONOR VALUATION 20 0 1 1 PART I, COLUMN (B): THE NUMBER REPORTED IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS. PART I, LINE 32B: THE ORGANIZATION USES AN ART AUCTIONEERING FIRM TO SELL CONTRIBUTED ART THAT WILL NOT BE ADDED TO THE PERMANENT COLLECTION. PART I, LINE 33: CONSISTENT WITH ITS ACCOUNTING POLICY RELATED TO CONTRIBUTED ART TO ITS ART COLLECTION, CONTRIBUTIONS OF COLLECTION ITEMS ARE NOT REPORTED AS REVENUES, AS DESCRIBED IN SCHEDULE D. FORM 990, PART VI, SECTION A, LINE 2 ARLENE SCHNITZER AND KATHLEEN LEWIS - FAMILY RELATIONSHIP WILLIAM AND HELEN JO WHITSELL - FAMILY RELATIONSHIP MELVIN MARK AND LINDA ANDREWS - FAMILY RELATIONSHIP LAURA MEIER AND ALIX GOODMAN - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM BASED ON INFORMATION PROVIDED BY MUSEUM STAFF. THE RETURN IS THEN REVIEWED BY SENIOR MANAGEMENT AND REVIEWED AND APPROVED BY THE FINANCE COMMITTEE OF THE BOARD. A COPY OF THE RETURN IS THEN GIVEN TO ALL BOARD MEMBERS BEFORE BEING SUBMITTED. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY ANNUALLY AS PART OF THE BOARD ORIENTATION PROCESS. THE GOVERNANCE COMMITTEE OF THE BOARD OF TRUSTEES IS IN CHARGE OF MONITORING ALL POTENTIAL CONFLICT OF INTERESTS. IF A CONFLICT OF INTEREST ARISES, THE INTEREST OF THE TRUSTEE IS PUT ON RECORD, AND THE TRUSTEE WILL BE EXCUSED DURING THE DISCUSSION OF THE MATTER, AS WELL AS THE VOTING PROCESS. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS DETERMINED PERIODICALLY BASED ON INFORMATION PROVIDED BY AN OUTSIDE HR CONSULTING FIRM, AND REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES. SUBSEQUENT YEAR ADJUSTMENTS ARE DETERMINED BY THE COMPENSATION COMMITTEE AFTER CONSULTING COMPARABLE SALARY SURVEY INFORMATION PROVIDED BY THE HUMAN RESOURCE MANAGER. THE DECISION IS RATIFIED BY THE EXECUTIVE COMMITTEE AND THE FULL BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE AS A DOWNLOADABLE PDF FILE ON THE MUSEUM'S WEBSITE OR IN HARD COPY UPON REQUEST. NO OTHER DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC.