2015-08-10T09:22:57-05:00 2014-09-30 271235638 MOUNTJOY CHILTON MEDLEY LLP 462 S FOURTH ST SUITE 2600 LOUISVILLE KY 402023445 990 2013-10-01 610444823 SPEED ART MUSEUM SPEE 5026342709 2035 SOUTH THIRD STREET LOUISVILLE KY 40208 DAVID C KNOPF CHIEF FINANCIAL OFFICER 5026342709 2015-08-05 1 REBECCA L PHILLIPS CPA P00024055 5027491900 2013 2016-02-25 16:41:14Z DAVID C KNOPF 2035 SOUTH THIRD STREET LOUISVILLE KY 40208 31563892 0 X WWW.SPEEDMUSEUM.ORG X 1933 KY TO DISCOVER, TOGETHER WITH ITS COMMUNITIES, THE JOY AND POWER OF GREAT ART. 24 24 58 260 0 0 13212437 4898017 173037 458194 572438 616449 311467 283126 14269379 6255786 0 0 0 0 2197266 2256665 0 3500 343006 2923456 2607318 5120722 4867483 9148657 1388303 136071923 140988876 2673156 2437668 133398767 138551208 TO DISCOVER, TOGETHER WITH ITS COMMUNITIES, THE JOY AND POWER OF GREAT ART. 0 0 1808044 GUARDIANSHIP AND MAINTENANCE OF THE MUSEUM AND ITS ART COLLECTION. THE MUSEUM IS CURRENTLY CLOSED FOR EXPANSION. 1241586 459005 CURATORIAL DEPARTMENTS, EXHIBITIONS, CONSERVATION CATALOGUING AND SCHOLARLY PUBLICATIONS. 87170 ACQUISITION OF ART. 3136800 1 1 0 0 0 0 0 1 0 1 1 0 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 23 0 1 58 1 0 0 0 0 0 1 1 0 0 0 0 X 24 24 1 0 0 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 ALLAN LATTS CHAIR 1.00 X X 0 0 0 BRUCE MERRICK TREASURER 1.00 X X 0 0 0 ERIC DONINGER VICE-CHAIR 1.00 X X 0 0 0 BROOKE BROWN BARZUN VICE-CHAIR 1.00 X X 0 0 0 MICHAEL GRISANTI SECRETARY 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 MARTHA WINANS SLAUGHTER TRUSTEE 1.00 X 0 0 0 DAVID KNOPF CHIEF FINANCIAL OFFICER 35.00 X 108123 0 10664 LISA RESNIK DEPUTY DIRECTOR 35.00 X 133155 0 8624 SCOTT ERBES DIRECTOR OF COLLECTIONS 35.00 X 100843 0 7197 GHISLAIN D'HUMIERES DIRECTOR 35.00 X 91728 0 635 GREG GARDINER EXPANSION PROJECT ARCHITECT 35.00 X 151200 0 9900 585049 0 37020 4 0 1 0 FA WILHELM CONSTRUCTION CO INC PO BOX 516 INDIANAPOLIS IN 46206 CONSTRUCTION 5567342 K NORMAN BERRY ASSOCIATES 611 WEST MAIN STREET LOUISVILLE KY 40202 ARCHITECTURAL SERVICES 497177 WHY ARCHITECTURE 9520 JEFFERSON BLVD STUDIO C CULVER CITY CA 90232 CONSTRUCTION CONSULTING SERVICES 255236 RUSSELL REYNOLDS ASSOCIATES PO BOX 6427 NEW YORK NY 10249 PROFESSIONAL SEARCH SERVICES 101211 4 295795 77046 4525176 321841 4898017 TRAVELING EXHIBITIONS 900099 310463 310463 MEMBERSHIPS 900099 117209 117209 EDUCATION PROGRAMMING 900099 25402 25402 ADMISSIONS 900099 5120 5120 458194 615650 615650 700 0 700 700 700 25178940 25178141 799 799 799 42151 295795 129965 -87814 -87814 811 0 811 811 PARKING GARAGE 900099 369429 369429 369429 6255786 459005 0 898764 611057 499683 61106 50268 1300092 491166 646906 162020 77804 40338 28824 8642 131143 67992 48584 14567 136569 70805 50594 15170 714 714 24859 24859 3500 3500 95298 95298 240078 46158 189870 4050 25458 23576 1832 50 158845 87381 50872 20592 36476 36476 231944 231944 184834 142316 42518 883480 883480 136689 113301 23388 CURATORIAL 103050 103050 CONSERVATION 102235 102235 MAINTENANCE CONTRACTS 67993 50221 17772 AUDIENCE RESEARCH 50153 50153 265212 133001 68778 63433 4867483 3136800 1387677 343006 3175 3175 12438624 9473122 31500503 26725600 236927 143726 77288 54992 54783080 18239945 25656093 36543135 61858545 62169100 4300444 5875877 324 149 136071923 140988876 2298156 2269668 375000 168000 2673156 2437668 X 84565447 97588891 41920610 33586127 6912710 7376190 133398767 138551208 136071923 140988876 1388303 3764138 0 X X 0 1 X 1 0 X 15452781 9073242 7954187 13212437 4898017 50590664 15452781 9073242 7954187 13212437 4898017 50590664 28603090 21987574 1501344 1486195 1298970 980484 985780 6252773 56843437 3995397 0.38680 0.40090 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 65721675 430000 4272327 2422846 68001156 63953092 1000 4593101 2825518 65721675 60391232 1000 6608102 3047242 63953092 67070714 102000 -2533335 4248147 60391232 64796932 5765708 3491926 67070714 0.89150 0.10850 0.00000 1 0 13659802 9504359 4155443 14896732 8129960 6766772 605835 549134 56701 25620711 56492 25564219 36543135 X 10054591 3764138 129965 3894103 6160488 95298 95298 6255786 4902150 129965 129965 4772185 95298 95298 4867483 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, 2014 AND SEPTEMBER 30, 2013, THE MUSEUM RECEIVED GIFTS OF ART WORK IN THE AMOUNT OF $528,475 AND $825,200, RESPECTIVELY, AND PURCHASED ARTWORK IN THE AMOUNT OF $12,000 AND $139,100, RESPECTIVELY. DEACCESSIONS WERE NOT SIGNIFICANT FOR THE YEARS ENDED SEPTEMBER 30, 2014 AND SEPTEMBER 30, 2013. 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. THE ORGANIZATION'S 2010 TO 2013 TAX YEARS REMAIN OPEN AND SUBJECT TO EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 129,965. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 129,965. MUSEUM BALL 334980 295795 39185 24346 50824 29136 20671 334980 295795 39185 24346 50824 29136 20671 124977 -85792 X X X X 0 0 0 0 0 0 0 0 0 GREG GARDINER EXPANSION PROJECT ARCHITECT 151200 0 0 0 0 0 7500 0 2400 0 161100 0 0 0 X 60 0 X 4 0 X 15 321841 FAIR MARKET VALUE 8 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. GILL HOLLAND AND ELIZABETH DAVIS HAVE A BUSINESS RELATIONSHIP. 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.