2015-08-13T16:28:18-05:00 2014-12-31 580662558 HANCOCK ASKEW & CO LLP PO BOX 2486 SAVANNAH GA 31402 990 2014-01-01 580610074 TELFAIR MUSEUM OF ART INC TELF 9127908874 PO BOX 10081 SAVANNAH GA 31412 JOSEPH RUDDER CHIEF FINANCIAL OFFICER 9127908874 2015-08-13 1 MICHAEL T MCCARTHY P00863049 9122348243 2014 2016-02-25 16:41:14Z TELFAIR MUSEUMS JOSEPH RUDDER PO BOX 10081 SAVANNAH GA 31412 12964215 0 X WWW.TELFAIR.ORG X 1920 GA THE TELFAIR MUSEUM OF ART OFFERS COMPELLING EXPRESSIONS OF VISUAL CULTURE - EMBRACING THREE UNIQUE BUILDINGS AND THREE DISTINCT COLLECTIONS THAT BRIDGE THREE CENTURIES OF ART AND ARCHITECTURE. THE MUSEUM DEVELOPS AWARENESS, UNDERSTANDING, AND APPRECIATION OF THE ARTS AND SERVES AS A DYNAMIC CULTURAL CENTER CONNECTING PEOPLE OF ALL AGES AND BACKGROUNDS. 34 34 81 500 0 0 4022394 4401700 1192078 1211235 1482713 1588592 134424 235948 6831609 7437475 0 0 0 0 1899462 2122111 0 0 449308 3482485 3314971 5381947 5437082 1449662 2000393 56055753 58049972 6548926 6537632 49506827 51512340 X TO ACHIEVE OUR MISSION OF OFFERING COMPELLING EXPRESSIONS OF VISUAL CULTURE, WE CONCENTRATE ON FOUR AREAS:1) COLLECTIONS - ARCHITECTURAL LANDMARKS AND FOCUSED ART COLLECTIONS THAT REFLECT A HISTORY OF EMBRACING CONTEMPORARY VISUAL CULTURE;2) EDUCATION - PROGRAMS AND ACTIVITIES FOR ADULTS AND CHILDREN THAT SERVE AS CATALYSTS FOR CREATIVITY AND LEARNING;3) EXHIBITIONS - PRESENTATIONS OF REGIONAL, NATIONAL, AND INTERNATIONAL SIGNIFICANCE THAT PROVIDE ACCESS TO ART OF DIVERSE ERAS AND CULTURES; &4) COMMUNITY ENGAGEMENT - PARTNERSHIPS AND INITIATIVES THAT STRENGTHEN TIES TO DIVERSE AUDIENCES AND ENCOURAGE ACTIVE ENGAGEMENT IN COMMUNITY LIFE. 0 0 1812753 615253 EXHIBITIONS - IN 2014, THE MUSEUM PRESENTED 18 EXHIBITIONS, 15 OF WHICH WERE ORGANIZED BY THE TELFAIR. THE FEATURED EXHIBITIONS RANGED FROM 1940S STREET PHOTOGRAPHY TO MIXED-MEDIA, SITE-SPECIFIC INSTALLATIONS. A HIGHLIGHT OF 2014 WAS THE EXHIBITION WHITFIELD LOVELL: DEEP RIVER, A SOLO SHOW DEDICATED TO THE WORK OF WHITFIELD LOVELL, AN ARTIST WHO IS INTERNATIONALLY RENOWNED FOR HIS THOUGHT-PROVOKING PORTRAITS AND SIGNATURE TABLEAUX. LOVELL, WINNER OF A COVETED MACARTHUR FELLOWSHIP IN 2007, PAYS TRIBUTE TO THE LIVES OF ANONYMOUS AFRICAN AMERICANS WITH WORK THAT IS UNIVERSAL IN ITS EXPLORATION OF PASSAGE, MEMORY, AND THE SEARCH FOR FREEDOM. OTHER SIGNIFICANT EXHIBITIONS INCLUDED CONTEMPORARY MASTERS: THE KIRK VARNEDOE COLLECTION, WHICH INCLUDED IMPORTANT WORKS FROM THE PERMANENT COLLECTION BY SUCH ICONIC 20TH/21ST-CENTURY ARTISTS AS FRANK STELLA, ROBERT RAUSCHENBERG, JASPER JOHNS, AND ELLSWORTH KELLY, AND PORT CITY: THE SAVANNAH RIVER THROUGH ARTISTS' EYES, WHICH PRESENTED A SELECTION OF PRINTS, DRAWINGS, PAINTINGS, AND PHOTOGRAPHS FROM THE 1730S TO THE PRESENT THAT CAPTURE THE VIBRANCY OF LIFE ON THE SAVANNAH RIVER. 864970 72100 EDUCATION PROGRAMS - NEARLY 8,000 PRE-K THROUGH COLLEGE STUDENTS VISITED THE MUSEUMS FOR EDUCATIONAL TOURS IN 2014. OF THESE, SOME 2,896 ELEMENTARY STUDENTS PARTICIPATED IN DISCUSSION-BASED TOURS OF THE EXHIBITION WHITFIELD LOVELL: DEEP RIVER AND SELECTED WORKS. 1,200 INDIVIDUALS, INCLUDING NEARLY 800 CHILDREN WERE SERVED IN OUTREACH PROGRAMS TO PARKS AND NEIGHBORHOOD CENTERS AND VISITS TO OUTREACH SITES FROM GOLDEN AGE CENTERS TO HOSPITALS AND TO ORGANIZATIONS SERVICING PEOPLE WITH DISABILITIES AND VETERANS. 22 EVENING LECTURE, FILM AND PERFORMANCE PROGRAMS WERE ATTENDED BY OVER 2,500 PARTICIPANTS. NEARLY 3,000 PEOPLE TOOK PART IN THE FREE PULSE ART AND TECHNOLOGY FESTIVAL. 3.700 INDIVIDUALS OF ALL AGES ATTENDED MONTHLY FREE FAMILY DAYS. MORE THAN 500 CHILDREN ATTENDED PRE-K, TODDLER AND HEAD START PROGRAMS. 335 YOUTHS TOOK PART IN STUDIO CLASSES, CAMPS AND WORKSHOPS, 80 STUDENTS PARTICIPATING FREE OF CHARGE DUE TO SCHOLARSHIPS AND FUNDING. THE MUSEUM'S TEEN COUNCIL PARTICIPATED IN MONTHLY PROGRAMS, DEVELOPED A NEW MOBILE TOUR OF THE MUSEUM'S COLLECTION AND BEGAN WORK ON A STUDENT EXHIBITION. 1374744 622820 COLLECTIONS - CURRENTLY, THE TELFAIR HOLDS OVER 6,000 WORKS OF ART, INCLUDING PAINTINGS, WORKS ON PAPER, SCULPTURE, FURNITURE, DECORATIVE ARTS AND TWO HISTORIC HOMES. THESE WORKS ARE PRIMARILY FROM EUROPE AND AMERICA, RANGING IN DATE FROM THE EIGHTEENTH CENTURY THROUGH THE PRESENT. IN 2014, THE TELFAIR ACQUIRED 11 WORKS FOR THE COLLECTION, LARGELY THROUGH GIFTS. THESE ACQUISITIONS INCLUDE PAINTINGS, WORKS ON PAPER, PHOTOGRAPHS, SILVER, MIXED MEDIA AND DECORATIVE ART OBJECTS. THESE WORKS HAVE HELPED TO AUGMENT AND DIVERSIFY THE TELFAIR'S PERMANENT COLLECTION 4052467 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 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 60 0 1 81 1 0 0 0 0 0 1 1 0 0 0 0 X 34 34 1 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 1 0 0 GA X X JOSEPH RUDDER 9127908874 TELFAIR MUSEUM OF ART INCPO BOX SAVANNAH GA 31412 ALICE JEPSON CHAIR 10.00 X X 0 0 0 CHERI ROACH CHAIR ELECT 10.00 X X 0 0 0 KEN SIRLIN TREASURER 10.00 X X 0 0 0 BOB FAIRCLOTH SECRETARY 10.00 X X 0 0 0 DR WILLIAM T MOORE VICE CHAIR 10.00 X X 0 0 0 TAMMIE MOSLEY VICE CHAIR 10.00 X X 0 0 0 TOM REILLY VICE CHAIR 10.00 X X 0 0 0 FRANK MACGILL LEGAL COUNSEL 10.00 X X 0 0 0 T MILLS FLEMING PAST CHAIR 10.00 X X 0 0 0 EMILY CAY TRUSTEE 3.00 X 0 0 0 SYLVIA COKER TRUSTEE 3.00 X 0 0 0 CHIP COMPTON TRUSTEE 3.00 X 0 0 0 TIFFANY CONSIDINE TRUSTEE 3.00 X 0 0 0 DALE CRITZ JR TRUSTEE 3.00 X 0 0 0 GLEN DARBYSHIRE TRUSTEE 3.00 X 0 0 0 DR CHERYL DOZIER TRUSTEE 3.00 X 0 0 0 KAY FORD TRUSTEE 3.00 X 0 0 0 OLETA HARDEN TRUSTEE 3.00 X 0 0 0 JOSH KELLER TRUSTEE 3.00 X 0 0 0 TED KLEISNER TRUSTEE 3.00 X 0 0 0 LINDA FISK MORRIS TRUSTEE 3.00 X 0 0 0 DAVID PADDISON TRUSTEE 3.00 X 0 0 0 ROSALEEN ROXBURG TRUSTEE 3.00 X 0 0 0 SWANN SEILER TRUSTEE 3.00 X 0 0 0 BILL SKINNER TRUSTEE 3.00 X 0 0 0 HUE THOMAS TRUSTEE 3.00 X 0 0 0 RICKARD ECKBURG HONORARY TRUSTEE 3.00 X 0 0 0 ROBERT JEPSON HONORARY TRUSTEE 3.00 X 0 0 0 CAROLYN LUCK HONORARY TRUSTEE 3.00 X 0 0 0 BETTY MELAVER HONORARY TRUSTEE 3.00 X 0 0 0 ANN MILLER HONORARY TRUSTEE 3.00 X 0 0 0 FRIDA MOORE HONORARY TRUSTEE 3.00 X 0 0 0 CATHY SOLOMONS HONORARY TRUSTEE 3.00 X 0 0 0 HELEN STEWARD HONORARY TRUSTEE 3.00 X 0 0 0 ELISABETH BIGGERSTAFF EX-OFFICIO TRUSTEE 3.00 X 0 0 0 CARRIE B EGERTON EX-OFFICIO TRUSTEE 3.00 X 0 0 0 ANNE GARDNER EX-OFFICIO TRUSTEE 3.00 X 0 0 0 LINDA MCWHORTER EX-OFFICIO TRUSTEE 3.00 X 0 0 0 LISA PINYAN EX-OFFICIO TRUSTEE 3.00 X 0 0 0 DEE SUTLIVE EX-OFFICIO TRUSTEE 3.00 X 0 0 0 FRAN WILSON EX-OFFICIO TRUSTEE 3.00 X 0 0 0 LISA GROVE DIRECTOR AND CEO 60.00 X 191000 0 16934 CAROLE MALAN FORMER CHIEF FINANCIAL OFFICE 60.00 X 45257 0 0 JOSEPH RUDDER CHIEF FINANCIAL OFFICER 60.00 X 38462 0 0 274719 0 16934 1 0 1 0 SUNSTATES SECURITY LLC 802 CORPORATE CENTER DRIVE RALEIGH NC 27607 SECURITY SERVICES 392976 SIEMENS INDUSTRY INC PO BOX 2134 CAROL STREAM IL 60132 HVAC MAINTENANCE & REPAIR 133209 2 164612 744900 203510 3288678 41885 4401700 MUSEUM ADMISSIONS 713990 1163269 1163269 EDUCATION PROGRAM REVENUE 611710 47966 47966 1211235 564787 564787 175761 187000 1491 0 174270 187000 361270 361270 5775228 4751423 1023805 1023805 1023805 225666 744900 449926 -224260 -224260 404332 323900 80432 80432 MISCELLANEOUS 900099 18506 18506 18506 7437475 1310173 0 1725602 291652 161834 62485 67333 1567943 1189303 205178 173462 131920 131532 239 149 130596 95147 18820 16629 13847 13847 28089 28089 146356 146356 404871 321747 42630 40494 216386 140503 43367 32516 196534 136035 32594 27905 50250 20100 15075 15075 694525 504921 159235 30369 14990 14990 9779 3834 3897 2048 104794 81739 16767 6288 602127 511808 60213 30106 237716 209979 20803 6934 CURATORIAL EXPENSES 406485 406485 EDUCATION 137500 137500 CREDIT CARD PROCESSING 50722 50722 5437082 4052467 935307 449308 902679 1203961 1346533 1446613 19918 26736 125438 142231 178283 144351 31397643 7600746 24289745 23796897 24434325 25659747 3280085 3316067 1478747 2313369 56055753 58049972 292541 375742 256385 161890 6000000 6000000 6548926 6537632 X 29224927 29604193 14928629 16254876 5353271 5653271 49506827 51512340 56055753 58049972 X 2000393 7800 -2680 X 0 1 X 1 0 X 1521554 2089891 1908253 4022394 4401700 13943792 1521554 2089891 1908253 4022394 4401700 13943792 2780912 11162880 631496 533414 594427 572235 564787 2896359 16840151 7307764 0.66290 0.62470 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 0 16369223 1128350 801799 676530 17622842 10883492 3004439 3115653 634361 16369223 10458275 950 1711409 1287142 10883492 12530689 205254 2277668 10458275 11906132 6799 1924977 1307219 12530689 0.68000 0.32000 1 0 1254866 1254866 27365550 5036416 22329134 2777227 2564330 212897 23796897 CHATHAM SMALL CAP PARTNERSHIP I, L.P. 3316067 F 3316067 X 7569421 7800 7800 7561621 -124146 -124146 7437475 5563908 126826 126826 5437082 0 5437082 PART III, LINE 1A: COLLECTIONS: THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE MUSEUM'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENTS OF FINANCIAL POSITION. THE COLLECTIONS INCLUDE TWO HISTORIC LANDMARK HOMES, FURNISHINGS, PAINTINGS AND FINE AND DECORATIVE ART OBJECTS. ALL ITEMS IN THE COLLECTIONS ARE DEEMED INEXHAUSTIBLE ASSETS. UNEXPENDED PROCEEDS FROM DEACCESSIONS ARE REFLECTED IN UNRESTRICTED NET ASSET CLASS. THEIR USE IS LIMITED, HOWEVER, BY MUSEUM PROFESSIONAL STANDARDS, WHICH REQUIRE THAT SUCH PROCEEDS BE MADE AVAILABLE FOR ACQUISITION OF OTHER ART OBJECTS. PART III, LINE 4: THE COLLECTIONS INCLUDE TWO HISTORICAL HOMES, FURNISHINGS, PAINTINGS, AND FINE AND DECORATIVE ART OBJECTS. PART V, LINE 4: THE MUSEUM'S ENDOWMENT CONSISTS OF SEVERAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES TO INCLUDE BOTH INCOME AND COLLECTION PURPOSES. PART X, LINE 2: TAX STATUS FOOTNOTE - THE MUSEUM HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL TAX UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE, EXCEPT FOR TAXES ON ACTIVITIES UNRELATED TO ITS EXEMPT PURPOSE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE THE TAX POSITIONS TAKEN BY THE MUSEUM AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE MUSEUM HAS AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. MANAGEMENT HAS CONCLUDED THAT AS OF DECEMBER 31, 2014, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN BY THE MUSEUM THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. MANAGEMENT BELIEVES THAT IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS BEGINNING PRIOR TO 2011. PART XI, LINE 4B - OTHER ADJUSTMENTS: COGS ON LINE 10B INCLUDED IN PAYROLL EXPENSE IN AUDITED FS ROUNDING PART XII, LINE 2D - OTHER ADJUSTMENTS: COGS ON LINE 10B INCLUDED IN PAYROLL EXPENSE IN AUDITED FS COLLECTION ITEMS PURCHASED AND NOT CAPITALIZED ROUNDING TELFAIR BALL 642132 597479 44653 42078 64160 8315 59292 ART FAIR 86540 34000 52540 12082 20606 2382 15775 5 241894 113421 128473 1120 5184 24632 110958 5085 78257 970566 744900 225666 13202 5184 87316 177500 13400 153324 449926 -224260 X 0 1 X X X 0 0 0 0 0 0 0 0 0 LISA GROVE DIRECTOR AND CEO 191000 0 0 0 0 0 0 0 16934 0 207934 0 0 0 PART I, LINE 1A THE TELFAIR DIRECTOR BELONGS TO CHATHAM CLUB (A DINING CLUB) WITH DUES OF $85 A MONTH PAID BY THE TELFAIR MUSEUM OF ART, INC. THE DINING CLUB IS USED SOLELY FOR BOARD COMMITTEE AND BUSINESS MEETINGS/LUNCHES. PART I, LINE 1B THERE IS NO WRITTEN POLICY REGARDING PAYMENT OR REIMBURSEMENT OF THE CLUB DUES AS THE CHATHAM CLUB DIRECTLY BILLS THE TELFAIR. IT IS PAID ONCE APPROVED BY THE DIRECTOR. PART I, LINE 3 THE EXECUTIVE COMMITTEE REVIEWS COMPENSATION SURVEYS OF SIMILAR ORGANIZATIONS AND DETERMINES THE APPROPRIATE AMOUNT TO PRESENT TO THE BOARD OF TRUSTEES. THE BOARD APPROVES THE AMOUNT DETERMINED BY THE EXECUTIVE COMMITTEE. A SAVANNAH ECONOMIC DEVELOPMENT AUTHORITY REVENUE BONDS TELFAIR MUSEUM OF ART 586001588 80483CGM7 2006-04-18 8000000 BUILDINGS AND STRUCTURES 0 0 0 A 2000000 8000000 118078 2006 0 0 1 1 A 0 0 0 0 0 0 0 A 1 1 0 0 0 0 A 0 0 EMILY CAY - SPOUSE RELATED TO CAY I TRUSTEE 127741 PROPERTY AND LIABILITY INSURANCE SERVICES THROUGH CAY INSURANCE SERVICES 0 X 9 X 17 860433 FAIR MARKET VALUE X 41885 FAIR MARKET VALUE 0 0 0 PART I, LINE 33: A ZERO AMOUNT WAS REPORTED ON FORM 990, PART VIII, STATEMENT OF REVENUE, LINE 1G, BECAUSE THE MUSEUM DOES NOT CAPITALIZE ITS COLLECTIONS, AS ALLOWED UNDER SFAS 116. FORM 990, PART VI, SECTION A, LINE 2 MR. ROBERT S. JEPSON, JR. AND MRS. ALICE JEPSON - FAMILY RELATIONSHIP; AND MR. MILLS FLEMING AND MR. FRANK MCGILL - BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS FIRST REVIEWED BY THE DIRECTOR OF THE MUSEUM. IT IS THEN REVIEWED AND SIGNED BY THE CHIEF FINANCIAL OFFICER. THE FORM 990 IS THEN PRESENTED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES AT THE FIRST AVAILABLE MEETING AND DISCUSSED AT THE NEXT BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12 IN ACCORDANCE WITH THE RESOLUTION AND CONFLICT OF INTEREST POLICY ADOPTED BY THE BOARD OF TRUSTEES OF TELFAIR MUSEUM OF ART, INC., ON MARCH 22, 2004 TRUSTEES, OFFICERS, AND COMMITTEE MEMBERS AND ANY OTHER PERSON GIVEN THE POWER TO VOTE AT BOARD OR BOARD COMMITTEE MEETINGS ARE REQUESTED TO COMPLETE THE ANNUAL DISCLOSURE STATEMENT FOR THE CONFLICT OF INTEREST POLICY AND RETURN IT PROMPTLY TO THE TELFAIR MUSEUM OF ART, INC. FORM 990, PART VI, SECTION B, LINE 15A THE DIRECTOR OF THE TELFAIR MUSEUM OF ART IS REVIEWED BY THE EXECUTIVE COMMITTEE ON AN ANNUAL BASIS. THE REVIEW IS PRESENTED TO THE DIRECTOR THROUGH THE PRESIDENT OF THE BOARD OF TRUSTEES. THE REVIEW IS COMPOSED OF THE FOLLOWING STEPS: 1) THE BOARD CHAIRPERSON SOLICITS INPUT ON PERFORMANCE FROM MEMBERS OF THE BOARD; 2) THE EXECUTIVE COMMITTEE DISCUSSES THE DIRECTOR'S PERFORMANCE AND RECOMMENDS A SALARY FOR THE FOLLOWING YEAR; 3) ONCE COMPLETED, THE REVIEW AND COMPENSATION RECOMMENDATION IS MADE AVAILABLE TO THE FULL BOARD FOR REVIEW AND APPROVAL. FOR ALL OTHER PAID OFFICERS (DIRECTORS) AND KEY EMPLOYEES OF THE MUSEUM, THE DIRECTOR REVIEWS THE ANNUAL SALARY SURVEY COMPILED BY THE ASSOCIATION OF ART MUSEUM DIRECTORS (AAMD) AND ADJUSTMENTS ARE MADE AT THE DISCRETION OF THE DIRECTOR. FORM 990, PART VI, SECTION C, LINE 18 TELFAIR MUSEUM OF ART MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. IT IS ALSO AVAILABLE AT WWW.GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 TELFAIR MUSEUM OF ART MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE FORM 990 IS ALSO AVAILABLE AT WWW.GUIDESTAR.ORG. FORM 990, PART XI, LINE 9: PURCHASES FOR THE COLLECTION, NOT CAPITALIZED -2,680.