2015-06-09T14:17:02-05:00 2015-01-31 010523282 Berry Dunn McNeil & Parker LLC PO Box 1100 Portland ME 041041100 990 2014-02-01 010378420 Portland Museum of Art PORT 2077756148 7 Congress Square Portland ME 04101 John Isacke President 2077756148 2015-06-05 1 Barbara J McGuan CPA P00219457 2077752387 2015-06-05 2014 2016-02-25 16:41:14Z Mark HC Bessire 7 Congress Square Portland ME 04101 36409261 0 X www.portlandmuseum.org X 1882 ME Museum/Educational 39 39 114 203 2861 0 2765487 5653631 830618 702112 1422604 3805531 -61454 -39540 4957255 10121734 0 0 0 0 3068087 3069986 10475 0 1084482 3366528 3056720 6445090 6126706 -1487835 3995028 47240524 49997248 723290 1542980 46517234 48454268 The Portland Museum of Art (PMA) strives to enrich the lives of people through acquisition, preservation, and interpretation of the visual arts and the museum's architecturally significant buildings. 0 0 839571 188479 Educational Programs: Create outstanding educational programs and collection-based activities to inspire and enrich the lives of diverse audiences and serve as a vital cultural center for the city and region (46,146 participants in 2014). 3130328 513633 Exhibitions and Collections: Originate outstanding exhibitions from PMA's permanent collection and through borrowed works of art. Present traveling exhibitions that support and extend PMA's mission. Preserve, document, and interpret eighteen-thousand objects in the collection and five architectural landmarks (132,886 visitors in 2014). 496500 Collection Items Purchased: 9 works of art were purchased for PMA's collections in 2014, providing new opportunities for visitors and the community to experience original work. 4466399 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 0 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 1 0 0 0 1 X 28 0 1 114 1 1 0 0 0 0 1 1 1 1 0 0 0 0 X 39 39 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 ME X Elena Murdock 2077756148 7 Congress Square Portland ME 04101 Claudia J Bantz Trustee 3.00 X 0 0 0 Katherine MB Berger Trustee 3.00 X 0 0 0 Scott M Black Trustee 3.00 X 0 0 0 Nathan J Clark Trustee 3.00 X 0 0 0 Daniel P Corcoran Trustee 3.00 X 0 0 0 Melanie Stewart Cutler Trustee 3.00 X 0 0 0 Pamela S Davis Past Trustee 3.00 X 0 0 0 William H Davisson Trustee 3.00 X 0 0 0 Beth L De Tine Trustee 3.00 X 0 0 0 Alexander D Fisher Trustee 3.00 X 0 0 0 Joseph R Foley Trustee 3.00 X 0 0 0 Eileen T Gillespie-Fahey Trustee 3.00 X 0 0 0 Clifford M Ginn Past Trustee 3.00 X 0 0 0 Walter B Goldfarb MD Trustee 3.00 X 0 0 0 Cyrus Y Hagge Trustee 3.00 X 0 0 0 William D Hamill Trustee 3.00 X 0 0 0 James A Houle Secretary 3.00 X X 0 0 0 John F Isacke Chairman 3.00 X X 0 0 0 Jeffrey D Kane Vice President 3.00 X X 0 0 0 Nancy K Kaye Vice President 3.00 X X 0 0 0 Harry W Konkel Trustee 3.00 X 0 0 0 Robert D Kump Trustee 3.00 X 0 0 0 Bree A LaCasse Trustee 3.00 X 0 0 0 Samuel A Ladd III Trustee 3.00 X 0 0 0 Judy Glickman Lauder Trustee 3.00 X 0 0 0 James L Moody Jr Trustee 3.00 X 0 0 0 John P Moore Trustee 3.00 X 0 0 0 Robert S Nanovic Trustee 3.00 X 0 0 0 Leonard M Nelson Trustee 3.00 X 0 0 0 Leslie B Otten Trustee 3.00 X 0 0 0 Hilary G Robbins Past Trustee 3.00 X 0 0 0 Christopher N Robinson Trustee 3.00 X 0 0 0 Laurence H Rubinstein Trustee 3.00 X 0 0 0 William J Ryan Jr Treasurer 3.00 X X 0 0 0 Earle G Shettleworth Jr Trustee 3.00 X 0 0 0 Stewart Strawbridge Trustee 3.00 X 0 0 0 Hans Underdahl Trustee 3.00 X 0 0 0 Heather Veitch Trustee 3.00 X 0 0 0 John H Wallace Trustee 3.00 X 0 0 0 Anna H Wells President 3.00 X X 0 0 0 William B Williams Trustee 3.00 X 0 0 0 Amy H Woodhouse Trustee 3.00 X 0 0 0 Mark H C Bessire Director 40.00 X 214156 0 15261 Elena Murdock Deputy Dir. for Finance/Operations 40.00 X 133273 0 11564 Elizabeth F Cartland Director of Development 40.00 X 101853 0 7968 449282 0 34793 3 0 1 0 Scott Simons Architects 75 York Street Portland ME 04101 Architectural Services 106520 1 673624 4980007 570502 5653631 Admissions 713990 513633 513633 Program Revenues 713990 188479 188479 702112 507736 2861 504875 44852 39965 4887 4887 4887 28993109 25695314 3297795 3297795 3297795 82650 29493 53157 53157 425171 522755 -97584 -97584 10121734 702112 2861 3763130 374255 105532 188427 80296 2262070 1613259 115441 533370 33955 20219 7749 5987 195589 152387 5912 37290 204117 141743 18155 44219 24872 20400 4472 51480 47609 3871 29821 29821 124985 124985 19481 7170 12311 243952 202262 41690 124957 54277 36383 34297 125101 93706 809 30586 367821 353361 4787 9673 41510 25324 8872 7314 11586 6871 1722 2993 19453 2845 16608 431874 415742 5070 11062 98476 94690 2741 1045 Acquisition of Art 496500 496500 Exhibition & Collection 463178 463178 Fundraising 232349 232349 Education 149324 149324 6126706 4466399 575825 1084482 6414 9769 160830 984887 670752 1357825 137913 147079 220273 182554 327844 220401 32076445 13355115 16597088 18721330 26410745 20634049 1237404 6100512 1471261 1638842 47240524 49997248 449753 624698 273537 918282 723290 1542980 X 20957973 21605356 2105181 3240612 23454080 23608300 46517234 48454268 47240524 49997248 3995028 -2057994 0 X 0 1 X 1 0 X 6040330 4324229 4565459 2765487 5653631 23349136 6040330 4324229 4565459 2765487 5653631 23349136 3326057 20023079 483531 558442 582919 617638 552588 2795118 26144254 6605080 0.76590 0.72960 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 1 27743488 565318 1622552 2302298 27629060 26917982 545166 2211823 1931483 27743488 25225358 938212 2341165 1586753 26917982 26392816 615453 -90476 1692435 25225358 22593253 3035908 2510841 1747186 26392816 0.13100 0.84100 0.02800 0 0 8585809 8585809 22535254 12769114 9766140 955382 586001 369381 18721330 Investments in Limited Partnerships 1095431 F Limited Liability and Other Closely Held Companies 5005081 F 6100512 7979793 -2057994 41038 -2016956 9996749 124985 124985 10121734 6042759 41038 41038 6001721 124985 124985 6126706 Part III, Line 1a: The art collection and library are reflected in the plant fund at a nominal value. The cost of a collection item is recorded as a decrease in net assets when purchased. The proceeds from the sale of a collection item are recorded as an increase in net assets when sold. The collection is managed according to a policy which adheres to the standards of the American Association of Museums. The policy delineates responsibilities in such matters as museum ethics, acquisitions, loans, care of collections, and deaccessioning. Objects held in the collection are carefully tracked and monitored. PMA's deaccessioning policy allows for sale or trade of an object only when it is incompatible with PMA's collecting mission and when clear and complete title to the work is confirmed. Proceeds from the sale of an object may only be applied toward collection acquisitions. Part III, Line 4: PMA's collection is comprised of more than 18,000 objects, representing fine and decorative arts from the 18th century to the present. These holdings include paintings, sculpture, prints, photographs, glass, ceramics, furniture, silver, artists' books and other media. Works by George Bellows, Sir Anthony Caro, Frederic Church, Stuart Davis, John Haberle, William Harnett, Marsden Hartley, Childe Hassam, Winslow Homer, Edward Hopper, Rockwell Kent, Fitz-Henry Lane, Thomas Moran, Louise Nevelson, John Frederick Peto, Maurice Prendergast, John Singer Sargent, and Andrew Wyeth, among others, showcase the unique artistic heritage of the United States and the creative culture of Maine. European traditions are represented by works from the hand of Max Beckmann, Marc Chagall, Gustave Courbet, Edgar Degas, Jean-Auguste-Dominique Ingres, Claude Monet, Henry Matisse, and Pierre-Auguste Renoir. PMA is accredited by the American Association of Museums and adheres to best practices in developing and managing these works of art in the public trust. Part V, Line 4: PMA's intended use of endowment funds is for general operations, education, maintenance of collection and buildings, acquisition of art for the collection, wages, and other related expenses. Auction 79450 79450 5360 24133 79450 79450 5360 24133 29493 49957 X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 Mark H C Bessire Director 214156 0 0 0 0 0 6970 0 8291 0 229417 0 0 0 Part I, Line 1a PMA paid $1,695 for a membership fee and dues to Portland's Cumberland Club, for Mark H.C. Bessire, Director. The Cumberland Club is adjacent to the Portland Museum of Art, and membership allows the Director to host meetings for the purpose of conducting museum business. X 66 0 X 55 530842 Stock Market Value X Auction Items 11 39660 Fair Market Value 0 1 1 Part I, Line 32b: Contributions of securities are sold through PMA's investment broker. All gifts of securities are sold as soon as administratively possible. Part I, Line 33: The art collection and library are reflected in the plant fund at a nominal value. The cost of a collection item is recorded as a decrease in net assets when purchased. The proceeds from the sale of a collection item are recorded as an increase in net assets when sold. The collection is managed according to a policy which adheres to the standards of the American Association of Museums. The policy delineates responsibilities in such matters as museum ethics, acquisitions, loans, care of collections, and deaccessioning. Objects held in the collection are carefully tracked and monitored. PMA's deaccessioning policy allows for sale or trade of an object only when it is incompatible with PMA's collecting mission and when clear and complete title to the work is confirmed. Proceeds from the sale of an object may only be applied toward collection acquisitions. Form 990, Part V, line 3b The Organization is waiting on Schedule K-1s from investment partnerships in order to complete Form 990-T. The Organization will file Form 990-T once this information has been received. Form 990, Part VI, Section B, line 11 The Form 990 is distributed to the full board of trustees with sufficient time for each trustee to review it. The 990 is then discussed at a full meeting of the board of trustees, before the board votes to accept the 990. Form 990, Part VI, Section B, line 12c In 2010, a top priority for the board of trustees was to formalize its governance procedures. To that end, on May 26, 2010, PMA's revised bylaws were approved, resulting in the establishment of a governance committee. Since that time, the governance committee has established procedures for monitoring and enforcing compliance with PMA's policies, including the conflict of interest policy. Each trustee is required to review and sign a copy of the PMA Code of Ethics on an annual basis. Also on an annual basis, each trustee is required to complete and submit a personal information form on which any potential conflicts of interest are to be disclosed. If a conflict of interest is disclosed, the form is presented to the governance committee to be reviewed and addressed. Form 990, Part VI, Section B, line 15 Per PMA's Bylaws, the executive committee is authorized to exercise the following specific powers and duties on behalf of the board of trustees: (a) To enter into employment with, and to terminate the employment of, the chief executive officer (the "Director"), to negotiate and enter into employment contracts with the Director subject to final approval by the board of trustees, to annually review the performance of the Director, to determine the Director's annual compensation adjustments and benefits adjustments, to resolve all disciplinary and other issues relating to the Director's employment; (b) To review annually the performance of any other key employees and to resolve all disciplinary and other issues relating to such employees when such tasks are specifically delegated to the executive committee by the board of trustees; In 2010, the PMA engaged an independent HR consulting firm, Maine HR Partners, LLC, to conduct a classification and compensation study of all positions, including the Director and Deputy Directors. The study included a customized salary and employee benefits survey of comparable organizations, as well as other employers in the relevant market areas and in other published surveys. A survey of fringe benefit practices was also conducted and the results incorporated into the final report, in order to consider total compensation in the establishment of a salary structure. Based on this analysis of market data, salary ranges were developed which address the concepts of market competitiveness and internal equity considerations. In 2014, the same firm conducted another survey of comparable organizations and the PMA's salary ranges were adjusted to reflect this new data. Maine HR Partners, LLC, also worked with PMA staff and the human resources committee to develop a performance evaluation system, which included 360 degree performance reviews of these individuals. The Director's performance review is conducted by the Board President and reviewed with the executive committee. The Deputy Director's performance review is conducted by the Director and presented to the executive committee. Compensation for these two individuals is determined by vote of the executive committee, utilizing the performance review data and data from the independent classification and compensation study. Form 990, Part VI, Section C, line 19 PMA's governing documents, conflict of interest policy, and financial statements are made available to the public upon request. Davis Family Foundation 30 Forest Falls Drive Yarmouth ME 04096 010390443 To award grants ME 501(c)(3) Line 11a, I N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0