2015-02-16T12:50:19-06:00 2014-03-31 952302617 SINGERLEWAK LLP 2050 MAIN STREET 7TH FLOOR IRVINE CA 92614 990 2013-04-01 951660847 ORANGE COUNTY MUSEUM OF ART ORAN 9497591122 850 SAN CLEMENTE DRIVE NEWPORT BEACH CA 92660 GLENN PETERS TREASURER 9497591122 2015-02-13 1 LIOR TEMKIN CPA P00748170 9492618600 2015-02-13 2013 2016-03-07 17:11:31Z TODD SMITH 850 SAN CLEMENTE DRIVE NEWPORT BEACH CA 92660 3271437 0 X WWW.OCMA.NET X 1997 CA ORANGE COUNTY MUSEUM OF ART (OCMA) ENRICHES LIVES THROUGH MODERN AND CONTEMPORARY ART. 23 23 65 200 0 0 4019199 2024048 577304 406206 358880 521638 -21174 44970 4934209 2996862 0 0 0 0 2506967 2128025 0 0 435642 3250904 1908456 5757871 4036481 -823662 -1039619 20900773 19715379 1379975 65197 19520798 19650182 THE MUSEUM'S COLLECTION FOCUSES ON ART OF THE 20TH AND 21ST CENTURIES, WITH A PARTICULAR FOCUS ON THE ART OF CALIFORNIA. 0 0 3205664 406206 EXHIBITION AND CONSERVATION OF ART WORKS, IN CONJUNCTION WITH EDUCATION AND LECTURE PROGRAMS. 3205664 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 1 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 38 0 1 65 1 0 0 0 0 0 1 1 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 CA X X KELLY SMITH 9497591122 850 SAN CLEMENTE DRIVE NEWPORT BEACH CA 92660 CRAIG W WELLS PRESIDENT 1.00 X X 0 0 0 ELLEN R MARSHALL VICE PRESIDENT 1.00 X X 0 0 0 ANNETTE WILEY SECRETARY/CHAIR, BUILDING 1.00 X X 0 0 0 J STEVEN ROUSH TREASURER 1.00 X X 0 0 0 DARREL D ANDERSON CHAIR, EDUCATION 0.30 X 0 0 0 SUSAN BURNETT TRUSTEE 0.30 X 0 0 0 LAUREN CHALMERS TRUSTEE 0.30 X 0 0 0 DAVID EMMES II CHAIR, CAMPAIGN 0.30 X 0 0 0 SCOTT N FLANDERS EXECUTIVE COMMITTEE 0.30 X 0 0 0 ALLAN HUNTER EXECUTIVE COMMITTEE 0.30 X 0 0 0 DAVID LAKE TRUSTEE 0.30 X 0 0 0 BRYAN LEWIS TRUSTEE 0.30 X 0 0 0 LILLY MERAGE TRUSTEE 0.30 X 0 0 0 JAMES MUZZY EXECUTIVE COMMITTEE 0.30 X 0 0 0 SHERRY PHELAN TRUSTEE 0.30 X 0 0 0 DR JAMES B PICK CHAIR, COLLECTIONS 0.30 X 0 0 0 MICHAEL D RAY TRUSTEE 0.30 X 0 0 0 ROBERT S ROTH TRUSTEE 0.30 X 0 0 0 BARAA SARAKBY TRUSTEE 0.30 X 0 0 0 ANTON SEGERSTROM TRUSTEE 0.30 X 0 0 0 SHEILA SONENSHINE TRUSTEE 0.30 X 0 0 0 JENNIFER VAN BERGH TRUSTEE 0.30 X 0 0 0 TIMOTHY W WEISS TRUSTEE 0.30 X 0 0 0 GLENN PETERS DEPUTY DIRECTOR 35.00 X 159923 0 4410 DENNIS SZAKACS DIRECTOR AND CEO 35.00 X 297892 0 9738 DAN CAMERON CHIEF CURATOR 35.00 X 150921 0 0 608736 0 14148 3 0 1 0 0 101710 438682 1483656 37044 2024048 TOURING EXHIBITIONS 713990 332125 332125 ADMISSION AND FEES 713990 74081 74081 406206 521638 521638 55155 33790 21365 21365 21365 222222 438682 222222 0 42168 18563 23605 23605 2996862 406206 0 566608 608736 304368 152184 152184 1246790 1052470 69045 125275 129330 97468 10028 21834 143169 114913 9347 18909 229914 154536 21290 54088 97879 70485 27394 34499 11671 22828 176916 164016 10472 2428 96119 89098 1996 5025 19690 19690 102168 83248 8359 10561 SHIPPING 537031 529417 2318 5296 PRINTING 134384 133128 178 1078 FABRICATION 111590 111590 HONORARIA 84928 84928 283338 204328 67440 11570 4036481 3205664 395175 435642 251969 406296 127236 1274369 1594690 1386131 180000 180000 31685 25832 247767 261838 9134010 2949960 6392300 6184050 7127015 9996863 4874928 73183 0 20900773 19715379 729975 65197 650000 1379975 65197 X 6069785 5030166 6202755 7371758 7248258 7248258 19520798 19650182 20900773 19715379 -1039619 1169003 0 X X 0 0 0 X 3102753 2646233 2358257 4019199 2246270 14372712 138520 295321 665374 1109278 2208493 3102753 2784753 2653578 4684573 3355548 16581205 0 0 0 16581205 272476 374009 277523 422474 576793 1923275 272476 374009 277523 422474 576793 1923275 3375229 3158762 2931101 5107047 3932341 18504480 0.89610 0.92280 0.10390 0.07730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 10767124 1039619 521638 11285105 10351812 934110 518798 10767124 10804371 76582 529141 10351812 10087928 1242319 505667 20209 10804371 8046532 2414278 372881 10087928 0.36000 0.64000 0 0 4294076 4294076 4398589 2536986 1861603 441345 412974 28371 6184050 X PART III, LINE 1A: IN CONFORMITY WITH THE PRACTICE FOLLOWED BY MANY MUSEUMS, ART OBJECTS PURCHASED BY OR DONATED TO THE MUSEUM ARE NOT CAPITALIZED IN THE STATEMENT OF FINANCIAL POSITION. COLLECTIONS OF ART OBJECTS ARE HELD FOR PUBLIC EXHIBITION, EDUCATION OR RESEARCH; ARE PROTECTED, KEPT UNENCUMBERED AND PRESERVED; AND ARE SUBJECT TO REQUIREMENTS SUCH THAT PROCEEDS FROM SALES OF COLLECTION ITEMS BE USED TO ACQUIRE OTHER ITEMS FOR THE COLLECTION. PURCHASED COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR IN TEMPORARILY RESTRICTED NET ASSETS IF THE NET ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. CONTRIBUTED COLLECTION ITEMS ARE EXCLUDED FROM THE FINANCIAL STATEMENTS. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES IN THE STATEMENT OF ACTIVITIES. CONTRIBUTIONS OF DONATED ART ARE NOT RECOGNIZED IN THE MUSEUM'S STATEMENT OF ACTIVITIES. PART III, LINE 4: THE MUSEUM'S COLLECTION IS COMPRISED OF OVER 3,000 WORKS OF ART. THE COLLECTION'S FOCUS IS ON MODERN AND CONTEMPORARY ART AND INCLUDES PAINTING, SCULPTURE, PHOTOGRAPHY, DRAWING, PRINTMAKING, VIDEO, DIGITAL, AND INSTALLATION ART PRODUCED DURING THE TWENTIETH AND TWENTY-FIRST CENTURIES. PART V, LINE 4: THE MUSEUM'S ENDOWMENT FUNDS CONSIST OF FUNDS FUNCTIONING AS ENDOWMENT THROUGH (A) DESIGNATION BY THE BOARD, AND (B) DONOR-RESTRICTED ENDOWMENT FUNDS. ENDOWMENT ASSETS INCLUDE DONOR-RESTRICTED FUNDS THAT THE MUSEUM MUST HOLD IN PERPETUITY. THE MUSEUM HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PRESERVE THE REAL PURCHASING POWER OF THE ENDOWMENT FUND AND TO PROVIDE RELATIVELY PREDICTABLE AND STABLE STREAM OF CURRENT INCOME FOR ANNUAL OPERATIONS NEEDS. PART X, LINE 2: AS OF THE DATE OF FILING, THE ANNUAL AUDIT HAS NOT BEEN DONE; HOWEVER, IT IS SCHEDULED TO BE DONE SOON AFTER. ONCE THE AUDIT IS COMPLETE, IF THERE ARE ANY CHANGES TO THE FINANCIAL INFORMATION PROVIDED IN THIS RETURN, THE ORGANIZATION WILL FILE AN AMENDED RETURN. ART OF DINING 342000 186354 155646 60268 61280 34098 ART AUCTION 318904 252328 66576 66576 660904 438682 222222 60268 61280 100674 222222 0 1 X X X 0 0 0 0 0 0 0 0 0 GLENN PETERS DEPUTY DIRECTOR 159923 0 0 0 0 0 0 0 4410 0 164333 0 0 0 DENNIS SZAKACS DIRECTOR AND CEO 297892 0 0 0 0 0 0 0 9738 0 307630 0 0 0 DAN CAMERON CHIEF CURATOR 150921 0 0 0 0 0 0 0 0 0 150921 0 0 0 DENNIS SZAKACS DIRECTOR AND CEO HOME LOAN X 200000 180000 0 1 1 180000 X 17 0 X FOOD AND BEVE 4 37044 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 A DRAFT COPY OF FORM 990 (INCLUDING ALL PERTINENT SCHEDULES) WAS PROVIDED TO THE ORGANIZATION'S AUDIT CHAIR AND FINANCE COMMITTEE TO REVIEW AND APPROVE BEFORE IT WAS FILED WITH THE INTERNAL REVENUE SERVICE. A COPY WAS MADE AVAILABLE TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C TO ENSURE THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS SHALL BE CONDUCTED. THE PERIODIC REVIEWS SHALL, AT A MINIMUM, INCLUDE THE FOLLOWING SUBJECTS: A. WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULTS OF ARMS LENGTH BARGAINING. B. WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE ORGANIZATION'S WRITTEN POLICIES; ARE PROPERLY RECORDED; REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES; FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE, WITH BOARD APPROVAL, IS RESPONSIBLE FOR THE DETERMINATION OF COMPENSATION FOR THE DIRECTOR AND KEY EMPLOYEE POSITION(S). THIS PROCESS INCLUDES REVIEW OF COMPENSATION DATA FROM COMPARATIVE NON-PROFIT INDUSTRIES WITH SIMILAR OPERATING BUDGETS AS WELL AS RETAINING OUTSIDE LEGAL COUNSEL TO REVIEW ALL WRITTEN COMPENSATION AGREEMENTS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS RETURNS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AND ON GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 THE FOLLOWING ORGANIZATIONAL DOCUMENTS OF THE TAX-EXEMPT ORGANIZATION WILL BE AVAILABLE (FOR INSPECTION OR COPYING) AT THE ORGANIZATION'S MAIN OFFICE DURING NORMAL BUSINESS HOURS AT NO CHARGE: INTERNAL REVENUE SERVICE DETERMINATION LETTER, ARTICLES OF INCORPORATION, AND BY-LAWS. - THE PUBLIC INSPECTION COPY OF THE ORGANIZATION'S FORM 990, FROM THE PREVIOUS THREE YEARS (AT A MINIMUM), WILL BE AVAILABLE (FOR INSPECTION OR COPYING) AT THE ORGANIZATION'S MAIN OFFICE DURING NORMAL BUSINESS HOURS AT NO CHARGE. - THE PUBLIC INSPECTION COPY OF THE FORM 990 WILL NOT INCLUDE SCHEDULE A EXCESS CONTRIBUTORS OR SCHEDULE B NAMES AND ADDRESSES OF CONTRIBUTORS. - THE ORGANIZATION WILL MAKE BEST EFFORTS TO ENSURE THAT THE FORM 990 HELD AT THEIR MAIN OFFICE IS THE MOST UPDATED VERSION OF SUCH. FOR EXAMPLE, IN THE INSTANCE THAT A FORM 990 HAS BEEN AMENDED, THE AMENDED VERSION OF THE FORM SHOULD BE THE ONE AVAILABLE FOR PUBLIC INSPECTION. - WHEN RESPONDING TO A PUBLIC INFORMATION REQUEST FOR ANY ORGANIZATIONAL DOCUMENT OR FORM 990 BY ANYONE, THE ORGANIZATION SHALL FULFILL SUCH REQUEST IN A TIMELY FASHION WITHOUT INQUIRING AS TO THE REASON FOR THE PUBLIC INSPECTION REQUEST. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE, A SUB-COMMITTEE OF THE FINANCE COMMITTEE, REVIEWS AND APPROVES ALL AUDIT ACTIVITY, UP TO AND INCLUDING TAX RETURNS. THIS COMMITTEE WILL BE RESPONSIBLE TO PRESENT ALL REQUIRED DOCUMENTS TO THE BOARD. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.