2015-11-16T12:57:53-06:00 2014-12-31 132688836 ROGOFF AND COMPANY PC 355 LEXINGTON AVENUE 6TH FL NEW YORK NY 10017 990 2014-01-01 010263908 SKOWHEGAN SCHOOL OF PAINTING AND SCULPTURE INC SKOW 2125290505 136 WEST 22ND STREET NEW YORK NY 100112432 RICHARD T PRINS TREASURER 2125290505 2015-11-13 1 PAUL K BRACE P01474547 2125575666 2014 2016-04-25 22:37:26Z GREGORY K PALM 136 WEST 22ND STREET NEW YORK NY 100112432 4977130 0 X WWW.SKOWHEGANART.ORG X 1946 ME EDUCATIONAL 23 23 43 0 0 0 1085106 1620853 473146 471755 735469 1600643 -47858 -71334 2245863 3621917 236253 219085 0 0 923890 1022544 0 0 226905 819979 859252 1980122 2100881 265741 1521036 18783360 19403462 59313 52111 18724047 19351351 X SKOWHEGAN, PRIMARILY A SUMMER RESIDENCY PROGRAM FOR EMERGING VISUAL ARTISTS ESTABLISHED IN 1946, SEEKS EACH YEAR TO BRING TOGETHER A GIFTED AND DIVERSE GROUP OF INDIVIDUALS WHO HAVE DEMONSTRATED A COMMITMENT TO ART-MAKING AND INQUIRY TO CREATE THE MOST STIMULATING AND RIGOROUS ENVIRONMENT FOR A CONCENTRATED PERIOD OF ARTISTIC CREATION, INTERACTION AND GROWTH.SKOWHEGAN ALSO SPONSORS PROGRAMS IN NEW YORK CITY DURING FALL, WINTER AND SPRING TO FOSTER ITS MISSION AMONG ALUMNI AND THE VISUAL ARTS COMMUNITY. 0 0 1344786 219085 471755 SCHOOL OF PAINTING AND SCULPTURE ATTENDED BY 65 STUDENTS. 210613 0 0 SKOWHEGAN ALLIANCE AND ALUMNI ACTIVITIES INCLUDING PERFORMANCES, WORKSHOPS, AND EXHIBITIONS. 1555399 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 1 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 32 0 1 43 1 0 0 0 0 0 1 1 0 0 0 0 X 23 23 1 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 1 1 0 0 NY X THE ORGANIZATION 2125290505 136 WEST 22ND STREET NEW YORK NY 100112432 JAN ARONSON TRUSTEE 1.50 X 0 0 0 GRACE G BOWMAN TRUSTEE 1.00 X 0 0 0 MILDRED C BRINN CHAIRPERSON EMERITUS 1.00 X 0 0 0 WARREN C COOK TRUSTEE 1.50 X 0 0 0 ANDREA CRANE SECRETARY 1.00 X X 0 0 0 SUSAN PAUL FIRESTONE TRUSTEE 1.00 X 0 0 0 ROBERT GILSON TRUSTEE 1.00 X 0 0 0 ANN L GUND CHAIR 2.00 X X 0 0 0 ROBERT L LOOKER TRUSTEE 1.00 X 0 0 0 VICTORIA LOVE SALNIKOFF TRUSTEE 1.00 X 0 0 0 WILSON NOLEN TRUSTEE 1.00 X 0 0 0 GREGORY K PALM PRESIDENT 2.00 X X 0 0 0 RICHARD T PRINS TREASURER 2.00 X X 0 0 0 JUDSON P REIS TRUSTEE 1.50 X 0 0 0 ELEANOR W REVSON TRUSTEE 1.00 X 0 0 0 LIBBIE J MASTERSON TRUSTEE 1.00 X 0 0 0 ALAN WANZENBERG TRUSTEE 10.00 X 0 0 0 CHIARA EDMANDS TRUSTEE 1.00 X 0 0 0 DAVID BEITZEL TRUSTEE 1.50 X 0 0 0 ELEANOR ACQUAVELLA DEJOUX TRUSTEE 1.00 X 0 0 0 JOHN MELICK TRUSTEE 1.00 X 0 0 0 MIHAIL LARI TRUSTEE 1.00 X 0 0 0 JOHN R COLEMAN TRUSTEE 1.00 X 0 0 0 KATHERINE S SONNENBORN CO-DIRECTOR 40.00 X 123963 0 10255 SARAH F WORKNEH CO-DIRECTOR 40.00 X 123626 0 15400 247589 0 25655 2 0 0 0 0 664218 35000 921635 1620853 TUITION AND FEES 611600 471755 471755 471755 566724 566724 2164151 1130232 1033919 1033919 1033919 67900 664218 216046 -148146 -148146 79313 8935 70378 70378 ACTIVITIES INCOME 900099 4425 4425 MISCELLANEOUS INCOME 900099 2009 2009 6434 3621917 471755 0 1529309 219085 219085 247589 167101 37149 43339 595430 476973 52216 66241 35670 22523 6031 7116 63214 44907 8390 9917 80641 64467 7418 8756 18900 18900 58818 58818 84447 58148 9613 16686 127440 83511 20152 23777 53316 49019 1500 2797 44361 18019 15658 10684 108780 89281 8945 10554 30181 27498 1231 1452 EQUIPMENT RENTAL AND MA 66396 60216 2835 3345 FOOD AND KITCHEN SUPPLI 65744 65744 MISCELLANEOUS 31394 17380 5549 8465 PAYMENTS TO RETIREE 30000 30000 139475 91527 34172 13776 2100881 1555399 318577 226905 650 219018 305284 106494 87409 135032 43667 50706 13411 29794 58007 40470 6650882 2266934 3404580 4383948 12911448 13024044 1941699 1378216 17205 35740 18783360 19403462 54333 31731 4980 20380 59313 52111 X 8638518 8705571 3234144 3386242 6851385 7259538 18724047 19351351 18783360 19403462 1521036 -893732 0 X X 0 1 X 1 0 X 854020 763507 817831 1085106 1620853 5141317 854020 763507 817831 1085106 1620853 5141317 53899 5087418 224148 394380 383798 664713 566593 2233632 3811 6999 4654 9374 6434 31272 7406221 2821390 0.68690 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 6851385 185000 647962 219085 205724 7259538 6801385 50000 1235380 236253 999127 6851385 6801385 1169749 227700 942049 6801385 6776385 25000 349380 349380 6801385 6574870 201515 727879 727879 6776385 1.00000 0 0 711012 711012 5228970 1718472 3510498 391760 257876 133884 319140 290586 28554 4383948 ORCHID ASIA III FUNDS 253458 F TIGER GLOBAL CLASS C SERIES 1A FUND 1124758 F 1378216 X 2666328 -893732 -893732 3560060 58818 3039 61857 3621917 2039024 216046 216046 1822978 58818 219085 277903 2100881 PART V, LINE 4: THE SCHOOL UTILIZES AS MUCH OF ITS ENDOWMENT INVESTMENT RETURN FOR SUPPORT OF CURRENT OPERATIONS AS IS FEASIBLE. ANY REMAINDER IS RETAINED TO SUPPORT OPERATIONS OF FUTURE YEARS AND TO OFFSET POTENTIAL MARKET DECLINES. PART X, LINE 2: THE SCHOOL RECORDS A LIABILITY FOR UNCERTAIN TAX POSITIONS WHEN IT IS PROBABLE THAT A LOSS HAS OCCURRED AND THE AMOUNT CAN BE REASONABLY ESTIMATED. MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW, NEW AUTHORITATIVE RULINGS AND ITS OPERATING CHARACTERISTICS TO COMPLY WITH ITS STATUS AS A TAX-EXEMPT ORGANIZATION. MANAGEMENT HAS DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT THE SCHOOL'S TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND HAS THEREFORE NOT RECOGNIZED ANY LIABILITY FOR UNCERTAIN TAX POSITIONS. THE SCHOOL'S INFORMATION RETURNS FOR THE YEARS ENDED DECEMBER 31, 2013, 2012, AND 2011 ARE PRESENTLY SUBJECT TO EXAMINATION BY THE TAXING AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE -216,046. SCHOLARSHIPS 219,085. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE 216,046. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 219,085. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NON-DESCRIMINATORY POLICY STATED IN FUND RAISING LITERATURE, SCHOOL CATALOGUE AND APPLICATION FORMS. SCHEDULE E, PART I, LINE 6 $35,000 GRANT FROM NATIONAL ENDOWMENT FOR THE ARTS TO FUND SCHOLARSHIPS. EAST ASIA AND THE PACIFIC 0 0 INVESTMENT 253458 0 0 0 0 0 0 253458 0 253458 0 0 0 0 1 0 ANNUAL AWARDS DINNER 732118 664218 67900 111015 2507 102524 732118 664218 67900 111015 2507 102524 216046 -148146 1 FULL AND PARTIAL FELLOWSHIP GRANTS 65 219085 BASED ON FULL ADMISSION FEE OF $5,500 PER STUDENT. PARTIAL AND FULL FELLOWSHIPS TOWARDS TUITION, ROOM AND BOARD. FORM 990, PART VI, SECTION A, LINE 2 FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 8B COMMITTEE ACTIONS AND RECOMMENDATIONS ARE COMMUNICATED TO THE BOARD OF TRUSTEES AT THEIR MEETINGS. FORM 990, PART VI, SECTION B, LINE 11 A DRAFT COPY OF THE FORM 990 IS DISTRIBUTED TO THE PRESIDENT, TREASURER AND CO-DIRECTORS PRIOR TO FILING FOR THE PURPOSE OF REVIEW, DISCUSSION AND RECOMMENDED CHANGES. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY COVERS ALL TRUSTEES, OFFICERS AND EMPLOYEES. THE POLICY REQUIRES ALL TRUSTEES, OFFICERS AND EMPLOYEES TO ANNUALLY FILL OUT A CONFLICT OF INTEREST DISCLOSURE ABOUT INTERESTS THAT COULD GIVE RISE TO CONFLICTS. THE SCHOOL USES THE INFORMATION ON THE DISCLOSURE FORMS TO MONITOR FOR POTENTIAL CONFLICTS. CONFLICTS INVOLVING EMPLOYEES, OTHER THAN DIRECTORS, ARE REVIEWED AND RESOLVED BY THE DIRECTORS. CONFLICTS INVOLVING TRUSTEES, OFFICERS, OR THE DIRECTORS, ARE REVIEWED AND RESOLVED BY THE BOARD. NO ONE WITH A CONFLICT IS ALLOWED TO PARTICIPATE IN ANY AFFECTED DECISION. FORM 990, PART VI, SECTION B, LINE 15A SALARIES ARE NEGOTIATED BY BOARD PRESIDENT AND APPROVED BY THE EXECUTIVE COMMITTEE. FROM TIME TO TIME THE PRESIDENT REVIEWS PUBLICLY AVAILABLE DATA FROM OTHER OTHER SIMILAR INSTITUTIONS. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS BEEN CONSISTENT WITH PRIOR YEARS.