2015-08-17T10:49:23-05:00 2014-09-30 MARCUM LLP ONE SE THIRD AVENUE SUITE 1100 MIAMI FL 33131 990 2013-10-01 592048869 JORGE M PEREZ ART MUSEUM OF MIAMI-DADE COUNTY INC % MARK B ROSENBLUM JORG 3053753000 1103 BISCAYNE BLVD Suite MIAMI FL 33132 Mark B Rosenblum CFO 3059959600 2015-08-15 true Donald Butler P00541422 3059959600 2013 2016-04-25 22:37:26Z GAIL MEYERS 1103 BISCAYNE BLVD MIAMI FL 33132 27457385 false X www.pamm.org X 1996 FL VARIOUS MUSEUM EXHIBITIONS, EDUCATIONAL PROGRAMS, LECTURES AND OTHER RELATED EVENTS 47 43 156 100 0 54982053 16553578 140070 1032951 539321 906024 -355451 771903 55305993 19264456 0 0 0 0 1973296 4700797 0 0 4552416 4154261 13350479 6127557 18051276 49178436 1213180 166874723 176365281 10846078 19143543 156028645 157221738 TO EXHIBIT, COLLECT, PRESERVE AND INTERPRET INTERNATIONAL ART WITH A FOCUS ON THE ART OF THE WESTERN HEMISPHERE FROM THE WORLD WAR II ERA TO THE PRESENT. TO PRESENT EDUCATIONAL AND COMMUNITY PROGRAMS, PUBLISH NEWSLETTERS, CATALOGUES AND OTHER INTERPRETIVE MATERIAL. false false 9534237 1032951 VARIOUS MUSEUM EXHIBITIONS, EDUCATIONAL PROGRAMS, LECTURES AND OTHER RELATED EVENTS 9534237 true true false true false false false true false true true true false false true true true false false false false false false false true false false false false true false false false false false false false false true true false false false false false false false true 83 0 true 156 true false false false false true true true true false false false false X 47 43 true false false false false false false true false false false true true true true true true true true false FL X X MARK B ROSENBLUM 7863455660 1103 BISCAYNE BLVD MIAMI FL 33132 AARON PODHURST CHAIRMAN 4.0 X X GAIL S MYERS PRESIDENT 4.0 X X ROSE ELLEN MEYERHOFF GREENE VICE-PRESIDENT 4.0 X X M THERESE VENTO SECRETARY 5.0 X X JEFF KRINSKY TREASURER 2.0 X X SUSAN L IBARGUEN AT LARGE 2.0 X MARK A PARESKY TRUSTEE 2.0 X SARI K AGATSTON TRUSTEE 1.0 X J RICKY ARRIOLA AT LARGE 2.0 X MITCHELL A BIERMAN TRUSTEE 2.0 X PAUL L CEJAS TRUSTEE 1.0 X MADELEINE CONWAY TRUSTEE 1.0 X CHARLES COWLES TRUSTEE 1.0 X MARIANNE W DEVINE TRUSTEE 1.0 X MIREILLE CHANCY GONZALEZ TRUSTEE 1.0 X DIANE GROB TRUSTEE 1.0 X CAROLE F HALL AT LARGE 1.0 X DEBORAH HOFFMAN TRUSTEE 1.0 X NEDRA A KALISH TRUSTEE 1.0 X PATRICIA M KLEH TRUSTEE 1.0 X AIDA LEVITAN PHD APR TRUSTEE 1.0 X JUAN P LOUMIET TRUSTEE 1.0 X DERYL MCKISSACK TRUSTEE 1.0 X RAFAEL MIYAR TRUSTEE 2.0 X BRIAN P MORMILE TRUSTEE 1.0 X DIANE MOSS AT LARGE 2.0 X MARK E OREN TRUSTEE 2.0 X NEDRA OREN TRUSTEE 2.0 X PATRICIA PAPPER TRUSTEE 2.0 X JORGE M PEREZ TRUSTEE 3.0 X CRAIG ROBINS TRUSTEE 1.0 X GLORIA G SCHARLIN TRUSTEE 1.0 X TERRY SCHECHTER TRUSTEE 2.0 X DENNIS SCHOLL TRUSTEE 2.0 X WALID G WAHAB AT LARGE 2.0 X JUDY WEISER TRUSTEE 1.0 X ANTONIA WILLIAMS-GARY TRUSTEE 1.0 X ANTONIO L ARGIZ TRUSTEE 2.0 X ARLENE CHAPLIN TRUSTEE 1.0 X GREGORY C FERRO TRUSTEE 2.0 X MARCELLA I NOVELA TRUSTEE 4.0 X LUKE R PALACIO TRUSTEE 2.0 X SYLVIA T POPE TRUSTEE 1.0 X LEE BRIAN SCHRAGER TRUSTEE 4.0 X PADMA RAJ VATTIKUTI TRUSTEE 1.0 X PHIL D CONWAY TRUSTEE 1.0 X 0 BARRON CHANNER TRUSTEE 1.0 X 0 THOMAS COLLINS DIRECTOR 40.0 X 319471 0 5405 JOHN SAFRANEK DEPUTY DIRECTOR 40.0 X 174317 0 5405 LEANN STANDISH DEPUTY DIRECTOR 40.0 X 174317 0 5405 TOBIAS OSTRANDER DEPUTY DIRECTOR 40.0 X 174317 0 5405 842422 0 21620 4 false true false JOHN MORIARTY ASSOCIATES OF FL I 1942 TYLER STREET HOLLYWOOD FL 33020 CONSTRUCTION MANAGER 16285484 SUFFOLK CONSTRUCTION CO 701 WATERFORD WAY SUITE 450 MIAMI FL 33126 CONSTR. CONTRACTOR 1603181 HOLLYWOOD WOODWORK LLC 2951 PEMBROKE ROAD HOLLYWOOD FL 33020 DIRECT MATERIALS 1613305 ALLIEDBARTON SECURITY SERVICES 600 W HILLSBORO BLVD DEERFIELD BEACH FL 33441 OUTSOURCED SECURITY 1196973 WORLD ELECTRIC SUPPLY INC 2151 BLOUNT RD POMPANO BEACH FL 33069 DIRECT MATERIALS 998550 45 739795 1053261 2692958 12067564 68403 16553578 ADMISSIONS 900099 947789 947789 TRAVEL AND TOURS 900099 85162 85162 1032951 327018 327018 0 195883 195883 774036 428852 345184 0 345184 345184 6171088 0 5592082 579006 0 579006 579006 1248776 1053261 1246068 2708 2708 0 801652 925927 -124275 -124275 PARKING - BENEFIT OF PATRONS 334843 334843 OTHER INCOME 17560 17560 352403 19264456 1261079 1449799 0 0 0 0 1120238 639590 294868 185780 0 3061289 1220399 452083 1388807 0 243852 108468 43560 91824 275418 122509 49198 103711 0 28927 28927 46202 46202 0 0 0 2035485 711033 82845 1241607 721770 190415 389238 142117 381501 259608 46591 75302 0 429809 429809 2726374 1473737 1188651 63986 1179669 1007534 33476 138659 0 0 453073 453073 0 2741200 1798913 885179 57108 568119 386066 168502 13551 ART COLLECTION 666559 666559 CAPITAL CAMPAIGN EXPENSES 395722 395722 EQUIPMENT RENTAL 308665 213313 29288 66064 MISCELLANEOUS 665454 304334 226015 135105 1950 1950 18051276 9534237 3964623 4552416 9788073 5809494 0 0 26961787 19685149 65856 298434 0 0 0 0 0 0 94371 278869 317891 1148715 132345715 2921974 111351025 129423741 0 0 13861854 14987323 0 0 0 0 4433866 4733556 166874723 176365281 7290244 2650361 0 0 722500 549217 0 0 0 0 0 0 0 15530000 0 0 2833334 413965 10846078 19143543 X 112073890 129043150 32129755 15603588 11825000 12575000 156028645 157221738 166874723 176365281 1213180 -20087 X false true X true false X 8508825 30594209 55146268 55110653 16571578 165931533 0 351000 285473 0 0 0 636473 8859825 30879682 55146268 55110653 16571578 166568006 22455067 144112939 53902 64707 280128 321173 1296937 2016847 0 649160 917588 246690 203064 2402921 4419423 173004276 2063762 0.83300 0.84227 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 30000 30000 9534237 9564237 628212 157053 267077 280174 333933 628212 1509396 2264094 30317 30695 27748 30000 118760 66769 70044 83483 157053 377349 566024 X X X X false 13757320 750000 1176239 8322 15675237 12827910 940080 10670 13757320 12207630 691929 71649 12827910 12107916 565078 -34071 431293 12207630 11700040 425086 8850 26060 12107916 0.02320 0.80220 0.17460 false false 123411192 2062333 121348859 1736557 442986 1293571 7197966 416655 6781311 129423741 MONEY MARKET FUNDS 1867245 F EQUITY SECURITIES FUNDS 6922498 F FIXED INCOME FUNDS 3947935 F REAL ESTATE FUNDS 132734 F COMMODITIES FUNDS 126375 F ALTERNATIVE ASSETS 1990536 F 14987323 0 CONSTRUCTION RETAINAGE PAYABLE 150401 FAIR VALUE OF DERIVATIVE - INTEREST RATE SWAP 263564 413965 X 20656344 37109 1354779 1391888 19264456 19264456 19443164 37109 1354779 1391888 18051276 18051276 PART III, LINE 1 Works of art, historical treasures, or similar assets that are (a) held for public exhibition, education, or research in furtherance of public service rather than financial gain; (b) protected, kept unencumbered, cared for, and preserved; and (c) subject to an organizational policy that requires the proceeds of items that are sold to be used to acquire other items for collections, which were acquired through purchases and contributions since the Museum revised its mission in October 1996, are not recognized as assets on the statements of financial position. Purchases of collection items are recorded as decreases in unrestricted net assets in the year in which the items are acquired or as decreases in temporarily or permanently restricted net assets if the assets used to purchase the items are restricted by donors. Contributed collection items are not reflected on the financial statements. As of September 30, 2014 and 2013, the Museum's collection consists of 1,403 and 1,284 works of art, respectively. PART III, LINE 4 IN ITS BROADEST SENSE, PEREZ ART MUSEUM OF MIAMI'S GOAL, AS STATED IN ITS MISSION, IS TO EXHIBIT, COLLECT, PRESERVE AND INTERPRET INTERNATIONAL ART OF THE 20TH AND 21ST CENTURIES. IN PARTICULAR, PEREZ ART MUSEUM OF MIAMI'S FOCUS IS ON ART FROM THE 1930S TO THE PRESENT THAT REFLECTS THE CROSS-POLLINATION OF IDEAS BETWEEN NORTH AMERICA, SOUTH AMERICA (INCLUDING THE CARIBBEAN), EUROPE AND AFRICE, WITH THE STRONGEST FOCUS ON THE NEXUS BETWEEN THE UNITES STATES AND LATIN AMERICA. THIS CHRONOLOGICAL AND GEOGRAPHICAL FOUCS IS A REFLECTION OF BOTH SOUTH FLORIDA'S HISTORY AND DEMOGRAPHICS AND THE ART HISTORICAL MOMENT WHEN MODERN ART OF THE AMERICAS BEGAN ASSERTING ITS OWN IDENTITY, DERIVED FROM BUT INDEPENDENT OF EUROPEAN TRADITION. THIS APPROACH ALLOWS PEREZ ART MUSEUM OF MIAMI TO EMPHASIZE MIAMI'S CHARACTER AS A POINT OF CONVERGENCE FOR A DYNAMI RANGE OF CULTURAL CURRENTS FOR THE AMERICAS, EUROPE AND AFRICA. PART XI & XII, LINE 2D - OTHER ADJUSTMENTS THE COST OF GOODS SOLD RELATED TO THE MUSEUM ART SALES IS REPORTED AS AN EXPENSE ON THE AUDITED FINANCIAL STATEMENTS. ON THE FORM 990 WE NET THE COST OF GOODS SOLD WITH INVENTORY REVENUE - COST OF INVENTORY SOLD: $925,927. THE DIRECT RENTAL EXPENSES RELATED TO THE FACILITY RENTALS IS REPORTED AS AN EXPENSE ON THE AUDITED FINANCIAL STATEMENTS. ON THE FORM 990 WE NET THE DIRECT RENTAL EXPENSES WITH GROSS RENTAL INCOMES - DIRECT RENTAL EXPENSES: 428,852 TOTAL ADJUSTMENT: 1,354,779 PART V, LINE 4 THE MUSEUM HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS WHICH IS PRIMARILY USED FOR OPERATIONS SUPPORT AND EDUCATIONAL PROGRAMMING. PART X, LINE 2 The Museum follows the provisions of FASB ASC Topic 740-10 and related subsections for the recognition, measurement, classification, and disclosure in the financial statements of uncertain tax positions taken or expected to be taken in the Museum's tax returns. As a result of implementing this guidance, management has determined that the Museum does not have any uncertain tax positions and associated unrecognized benefits that materially impact the financial statements or related disclosures. Since tax matters are subject to some degree of uncertainty, there can be no assurance that the Museum's tax returns will not be challenged by the taxing authorities and that the Museum will not be subject to additional tax, penalties, and interest as a result of such challenge. If the Museum were to incur an income tax liability in the future, interest would be reported as interest expense and penalties would be reported as income taxes. Generally, the Museum's tax returns remain open for federal income tax examination for three years from the date of filing. PAMM BALL 2152538 947117 1205421 1202738 LUNCHEON 149500 106145 43355 43330 0 2302038 1053262 1248776 1246068 1246068 2708 X X X X X false false false false false false false false false THOMAS COLLINS DIRECTOR 269471 0 50000 0 0 0 0 0 5405 0 324876 0 0 0 JOHN SAFRANEK DEPUTY DIRECTOR 159317 0 15000 0 0 0 0 0 5405 0 179722 0 0 0 LEANN STANDISH DEPUTY DIRECTOR 159317 0 15000 0 0 0 0 0 5405 0 179722 0 0 0 TOBIAS OSTRANDER DEPUTY DIRECTOR 159317 0 15000 0 0 0 0 0 5405 0 179722 0 0 0 X 9496 REPLACEMENT COST X 300 REPLACEMENT COST X BALL 1 18000 REPLACEMENT COST X FOOD AND BEVERAGES 8 23434 REPLACEMENT COST X ADVERTISING 3 10795 REPLACEMENT COST X EVENT RENTALS 2 6378 REPLACEMENT COST 0 false false false FORM 990, SCEHDULE M, PART 1, LINE 1 THE FILING ORGANIZATION IS A MUSEUM AND ELECTS UNDER SFAS 116 NOT TO CAPITALIZE ITS COLLECTIONS, THEREFORE, NO REVENUE IS REPORTED ON FORM 990, PART VIII, STATEMENT OF REVENUE, LINE 1G AS PERMITTED UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPALS. PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 WAS PROVIDED TO THE officers and finance committee of the board of trustees FOR REVIEW AND APPROVAL. THE RETURN WAS UPDATED FOR ANY CHANGES AS INDICATED BY THE officers and finance committee before FINALIZING THE RETURN. PART VI, SECTION B, LINE 12C SELF EVALUATION FORMS ARE SENT ANNUALLY TO BOARD OF TRUSTEES AS WELL AS PERIODIC REQUESTS FROM THE BOARD. PART VI, SECTION C, LINE 19 DOCUMENTS ARE PROVIDED TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION A, LINE 2 Nedra Oren and Mark Oren - Spouse Patricia Papper and Terry Schecter - Cousins FORM 990, PART VI, SECTION B, LINE 15C THE BOARD REVIEWS THE SALARIES OFF ALL TOP OFFICALS AND OTHER OFFICERS BY REVIEWING THE COMPENSATION LEVELS SET IN THE AAMD SALARY SURVEY. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE A SEPERATE COMMITTEE WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.