2016-08-12T12:25:33-05:00 2015-09-30 271235638 MOUNTJOY CHILTON MEDLEY LLP 462 S FOURTH ST SUITE 2600 LOUISVILLE KY 402023445 990 2014-10-01 610444823 SPEED ART MUSEUM SPEE 5026342709 2035 SOUTH THIRD STREET LOUISVILLE KY 40208 DAVID C KNOPF CHIEF FINANCIAL OFFICER 5026342709 2016-08-11 1 REBECCA L PHILLIPS CPA P00024055 5027491900 2014 2016-09-27 15:27:22Z DAVID C KNOPF 2035 SOUTH THIRD STREET LOUISVILLE KY 40208 26163080 0 X WWW.SPEEDMUSEUM.ORG X 1933 KY TO DISCOVER, TOGETHER WITH ITS COMMUNITIES, THE JOY AND POWER OF GREAT ART. 30 30 59 295 0 0 4898017 5434284 458194 331725 616449 462698 283126 510425 6255786 6739132 0 0 0 0 2256665 2856740 3500 0 419037 2607318 2666295 4867483 5523035 1388303 1216097 140988876 142007278 2437668 3282015 138551208 138725263 TO DISCOVER, TOGETHER WITH ITS COMMUNITIES, THE JOY AND POWER OF GREAT ART. 0 0 1891379 GUARDIANSHIP AND MAINTENANCE OF THE MUSEUM AND ITS ART COLLECTION. THE MUSEUM IS CURRENTLY CLOSED FOR EXPANSION. 1585781 331725 CURATORIAL DEPARTMENTS, EXHIBITIONS, CONSERVATION CATALOGUING AND SCHOLARLY PUBLICATIONS. 165508 ACQUISITION OF ART. 3642668 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 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 24 0 1 59 1 0 0 0 0 0 1 1 0 0 0 0 X 30 30 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 KY X X DAVID C KNOPF 5026342700 2035 SOUTH THIRD STREET LOUISVILLE KY 40208 BRUCE MERRICK CHAIR 1.00 X X 0 0 0 ALLAN LATTS IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 MARTHA WINANS SLAUGHTER SECRETARY 1.00 X X 0 0 0 MICHAEL GRISANTI TREASURER 1.00 X X 0 0 0 RICHARD CLAY TRUSTEE 1.00 X 0 0 0 ELIZABETH DAVIS TRUSTEE 1.00 X 0 0 0 HELEN FUGITTE TRUSTEE 1.00 X 0 0 0 GILL HOLLAND TRUSTEE 1.00 X 0 0 0 ROBERT KULP JR TRUSTEE 1.00 X 0 0 0 MARY HELEN MYLES TRUSTEE 1.00 X 0 0 0 REV ALFRED SHANDS III TRUSTEE 1.00 X 0 0 0 ELLEN SHAPIRA TRUSTEE 1.00 X 0 0 0 V BENSON SMALL TRUSTEE 1.00 X 0 0 0 DR WOODFORD SPEARS VAN METER TRUSTEE 1.00 X 0 0 0 ANNE WELLS TRUSTEE 1.00 X 0 0 0 DR SHIRLEY WILLIHNGANZ TRUSTEE 1.00 X 0 0 0 DR CHARLES C BARR TRUSTEE 1.00 X 0 0 0 KAREN CASI TRUSTEE 1.00 X 0 0 0 LEE KIRKWOOD TRUSTEE 1.00 X 0 0 0 DAVID LAIRD TRUSTEE 1.00 X 0 0 0 RONALD J MURPHY TRUSTEE 1.00 X 0 0 0 DAVID POWER TRUSTEE 1.00 X 0 0 0 BROOKE BROWN BARZUN TRUSTEE 1.00 X 0 0 0 ROGER CUDE TRUSTEE 1.00 X 0 0 0 ERIC DONINGER TRUSTEE 1.00 X 0 0 0 CONNIE GOODMAN TRUSTEE 1.00 X 0 0 0 BRETT HALE TRUSTEE 1.00 X 0 0 0 ALYCE HOSKINS TRUSTEE 1.00 X 0 0 0 STEPHEN A SMITH TRUSTEE 1.00 X 0 0 0 STEVE WILLIAMS TRUSTEE 1.00 X 0 0 0 DAVID KNOPF CHIEF FINANCIAL OFFICER 35.00 X 92432 0 10417 LISA RESNIK DEPUTY DIRECTOR 35.00 X 134658 0 8388 GHISLAIN D'HUMIERES DIRECTOR & CEO 35.00 X 290553 0 18105 GREG GARDINER EXPANSION PROJECT ARCHITEC 35.00 X 151920 0 9900 669563 0 46810 3 0 1 0 FA WILHELM CONSTRUCTION CO INC PO BOX 516 INDIANAPOLIS IN 46206 CONSTRUCTION 7283226 JOHNSON CONTROLS PO BOX 905240 CHARLOTTE NC 282905240 PROFESSIONAL SERVICES 662611 CRISTACURVA LLC 4822 SOUTHERLAND RD HOUSTON TX 77092 ENGINEERING SERVICES 325860 WHY ARCHITECTURE 9520 JEFFERSON BLVD STUDIO C CULVER CITY CA 90232 CONSTRUCTION CONSULTING SERVICES 275515 ERNST CONCRETE PO BOX 1029 CRESTWOOD KY 40014 CONSTRUCTION 254444 18 353695 152374 4928215 2300657 5434284 TRAVELING EXHIBITIONS 900099 161490 161490 MEMBERSHIPS 900099 143696 143696 EDUCATION PROGRAMMING 900099 21644 21644 ADMISSIONS 900099 4895 4895 331725 460760 460760 1755 0 1755 1755 1755 19304356 19302418 1938 1938 1938 188142 353695 117926 70216 70216 75 3604 -3529 -3529 PARKING GARAGE 900099 441983 441983 441983 6739132 331725 0 973123 521417 417791 52142 51484 1959691 1058578 686342 214771 47928 24476 18136 5316 158041 90262 50941 16838 169663 100463 50990 18210 10682 10682 26393 26393 87986 87986 334414 89527 234648 10239 19988 16769 1900 1319 224551 148121 54586 21844 45990 205 45785 149642 149642 152650 117071 34739 840 1573 1573 810856 810856 208725 178502 30223 ACQUISITIONS 116720 116720 CONSERVATION 116165 116165 MAINTENANCE CONTRACTS 66000 51014 14986 CURATORIAL 62817 62817 231143 93689 71533 65921 5523035 3642668 1461330 419037 3175 3175 9473122 3147377 26725600 22716930 143726 49274 0 7141 54992 254967 72395853 19050798 36543135 53345055 62169100 54220279 5875877 8263080 149 0 140988876 142007278 2269668 3264015 168000 18000 2437668 3282015 X 97588891 111235097 33586127 20161105 7376190 7329061 138551208 138725263 140988876 142007278 1216097 -1042042 0 X X 0 1 X 1 0 X 9567145 8557979 14037637 5426492 5899584 43488837 9567145 8557979 14037637 5426492 5899584 43488837 21612283 21876554 1486195 1298970 980484 985780 902743 5654172 49143009 3989616 0.44520 0.38680 X PART II, LINE 1 - GIFTS, GRANTS, CONTRIBUTIONS AND MEMBERSHI IN CONFORMITY WITH THE PRACTICE FOLLOWED BY MOST MUSEUMS, ART OBJECTS ARE NOT INCLUDED IN THE STATEMENT OF FINANCIAL POSITION. ACCORDINGLY, THE FAIR VALUES OF THE OBJECTS ACQUIRED BY GIFT ARE NOT INCLUDED IN THE STATEMENT OF ACTIVITIES. THE ORGANIZATION HAS HOWEVER INCLUDED THE VALUE OF THE CONTRIBUTED ART AS PART OF THE PUBLIC SUPPORT CALCULATION. THE ORGANIZATION HAS TAKEN THE POSITION THAT THIS MORE ACCURATELY REPRESENTS THE TOTAL SUPPORT PROVIDED BY THE COMMUNITY. THE MUSEUM RECEIVED GIFTS OF ART WORK IN THE FOLLOWING AMOUNTS: 2010.......$493,903 2011.......$603,792 2012.......$825,200 2013.......$528,475 2014.......$465,300 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 68001156 1000 -675362 2587475 64739319 65721675 430000 4272327 2422846 68001156 63953092 1000 4593101 2825518 65721675 60391232 1000 6608102 3047242 63953092 67070714 102000 -2533335 4248147 60391232 0.88680 0.11320 0.00000 1 0 13874439 9792135 4082304 14896732 8625726 6271006 924660 572255 352405 42700022 60682 42639340 53345055 LIMITED PARTNERSHIPS 2967509 C REAL ESTATE FUNDS 4349558 C FUNDS HELD IN TRUST BY OTHERS 946013 C 8263080 X 5727030 -1042042 117926 -924116 6651146 87986 87986 6739132 5552975 117926 117926 5435049 87986 87986 5523035 PART III, LINE 1A: IN CONFORMITY WITH THE PRACTICE FOLLOWED BY MOST MUSEUMS, ART OBJECTS ARE NOT INCLUDED IN THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION. ACCORDINGLY, THE FAIR VALUES OF THE OBJECTS ACQUIRED BY GIFT ARE NOT INCLUDED IN THE STATEMENT OF ACTIVITIES. THE COSTS OF OBJECTS PURCHASED ARE INCLUDED AS EXPENSE IN THE STATEMENT OF ACTIVITIES. FOR THE YEARS ENDED SEPTEMBER 30, 2015 AND 2014, THE MUSEUM RECEIVED GIFTS OF ART WORK IN THE AMOUNT OF $465,300 AND $528,475, RESPECTIVELY, AND PURCHASED ARTWORK IN THE AMOUNT OF $233,875 AND $12,000, RESPECTIVELY. DEACCESSIONS WERE NOT SIGNIFICANT FOR THE YEARS ENDED SEPTEMBER 30, 2015 AND 2015. THE MUSEUM HAS A SIGNIFICANT COLLECTION OF ART INCLUDING APPROXIMATELY 13,000 PIECES. THE COLLECTION SPANS 6,000 YEARS AND RANGES FROM ANCIENT EGYPTIAN TO CONTEMPORARY ART. THE MUSEUM HAS DISTINGUISHED COLLECTIONS OF 17TH CENTURY DUTCH AND FLEMISH PAINTINGS; 18TH CENTURY FRENCH ART; RENAISSANCE AND BAROQUE TAPESTRIES; AND SIGNIFICANT HOLDINGS OF CONTEMPORARY PAINTINGS AND SCULPTURES. WORKS BY KENTUCKY ARTISTS, INCLUDING FURNITURE, PAINTINGS AND DECORATIVE ARTS ARE REPRESENTED IN THE MUSEUM'S COLLECTION. AFRICAN AND NATIVE AMERICAN WORKS ARE ALSO REPRESENTED. PART III, LINE 4: THE MUSEUM HAS A SIGNIFICANT COLLECTION OF ART INCLUDING APPROXIMATELY 13,000 PIECES. THE COLLECTION SPANS 6,000 YEARS AND RANGES FROM ANCIENT EGYPTIAN TO CONTEMPORARY ART. THE MUSEUM HAS DISTINGUISHED COLLECTIONS OF 17TH CENTURY DUTCH AND FLEMISH PAINTINGS; 18TH CENTURY FRENCH ART; RENAISSANCE AND BAROQUE TAPESTRIES; AND SIGNIFICANT HOLDINGS OF CONTEMPORARY PAINTINGS AND SCULPTURES. WORKS BY KENTUCKY ARTISTS, INCLUDING FURNITURE, PAINTINGS AND DECORATIVE ARTS ARE REPRESENTED IN THE MUSEUM'S COLLECTION. AFRICAN AND NATIVE AMERICAN WORKS ARE ALSO REPRESENTED. PART V, LINE 4: THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS ARE TO SUPPORT ITS OPERATIONS. PART X, LINE 2: THE MUSEUM QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION. ACCORDINGLY, NO INCOME TAXES HAVE BEEN PROVIDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE MUSEUM RECOGNIZES UNCERTAIN INCOME TAX POSITIONS USING THE "MORE-LIKELY-THAN-NOT" APPROACH AS DEFINED IN THE ASC. NO LIABILITY FOR UNCERTAIN TAX POSITIONS HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 117,926. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 117,926. MUSEUM BALL 541837 353695 188142 17800 55548 30703 13875 541837 353695 188142 17800 55548 30703 13875 117926 70216 X X X X 0 0 0 0 0 0 0 0 0 GHISLAIN D'HUMIERES DIRECTOR & CEO 290553 0 0 0 0 0 1086 0 17019 0 308658 0 0 0 GREG GARDINER EXPANSION PROJECT ARCHITEC 151920 0 0 0 0 0 0 0 9900 0 161820 0 0 0 X 18 0 X 2 0 X 16 2300657 FAIR MARKET VALUE 7 0 0 1 PART I, LINE 32B: THE ORGANIZATION USED THIRD-PARTIES (I.E., SCHWAB AND HILLIARD LYONS) TO SELL ITS CONTRIBUTED STOCK. PART I, LINE 33: NO REVENUE WAS REPORTED BECAUSE THE MUSEUM DID NOT CAPITALIZE ITS COLLECTIONS, AS ALLOWED UNDER SFAS 116. FORM 990, PART VI, SECTION A, LINE 2 ALLAN LATTS AND ELLEN H. SHAPIRA HAVE A FAMILY RELATIONSHIP. GILL HOLLAND AND BROOKE BROWN BARZUN HAVE A FAMILY RELATIONSHIP. CHARLES BARR AND BOB KULP HAVE A FAMILY RELATIONSHIP. ALYCE HOSKINS AND WOODFORD VAN METER HAVE A FAMILY RELATIONSHIP. V. BENSON SMALL AND MARY HELEN MYLES HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION AMENDED AND RESTATED THE BYLAWS. THE OVERALL PURPOSE WAS TO SIMPLIFY AND PLAN FOR EFFECTIVE TRANSITIONS OF LEADERSHIP, CLARIFY THE NOMINATING PROCESS AND DEFINE AND SEPARATE DUTIES AND RESPONSIBILITIES OF THE BOARD OF TRUSTEES AND GOVERNORS. FORM 990, PART VI, SECTION B, LINE 11 BOARD OF TRUSTEES' EXECUTIVE COMMITTEE REVIEWED THE FORM 990 PRIOR TO IT BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C SIGNED COPIES OF THE FORMS ARE REQUESTED AND FILED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF TRUSTEES EMPLOYED AN OUTSIDE CONSULTING FIRM IN 2013 TO HELP IN THE SEARCH FOR THE NEW DIRECTOR AND DETERMINATION OF COMPENSATION. THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS REVIEWED ANNUALLY BY A COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XII 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. THE FINANCE AND AUDIT COMMITTEE OF THE BOARD OF TRUSTEES ASSUMES THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.