2014-03-17T16:37:21-05:00 2013-09-30 Kundinger Corder & Engle PC 475 Lincoln Street Suite 200 Denver CO 80203 990 2012-10-01 846038240 Denver Art Museum DENV 7209130022 100 West 14th Avenue Parkway Denver CO 802042788 Christoph Heinrich 7209130022 2014-03-18 1 Laurie Anderson P01416697 3035345953 2014-03-04 2012 2015-11-30 17:44:51Z Christoph Heinrich 100 West 14th Avenue Parkway Denver CO 802042788 36368583 0 X www.denverartmuseum.org X 1897 CO See Schedule OThe primary mission of the Denver Art Museum is to enrich the lives of present and future generations through the acquisition, presentation, and preservation of works of art, supported by exemplary scholarship and public programs related both to its permanent collections and to temporary exhibitions presented by the Museum. 29 29 460 500 0 0 43143584 24825039 3641686 6753513 56667 90921 1541234 2669183 48383171 34338656 0 0 0 0 10266591 11196189 0 0 1797266 18620072 18334958 28886663 29531147 19496508 4807509 44507611 48441083 4962535 5447452 39545076 42993631 X See description for Part I, Line 1 on Schedule O. 0 0 12091215 6772141 Exhibitions and Collections - See Schedule OExhibitions and Collections: Each year, the Denver Art Museum (DAM) presents a wide range of world-class exhibitions that provide a variety of experiences with art, attracting more than 800,000 visitors annually. The Museum's approach to exhibitions celebrates the creativity of individual artists who have made an extraordinary impact and ignites the creativity in the community through programs that provide engaging and interactive experiences with art. The Museum's expansive exhibition calendar featured explorations of painting, photography, and a wide-ranging look at textiles across cultures and throughout history that in 2013 broke records for attendance with more than 800,000 visitors. Some exhibition highlights in 2013: Becoming Van Gogh featured an in-depth exploration of Vincent Van Gogh's unconventional path to becoming one of the world's most recognizable artists. It examined critical steps in his artistic evolution through more than 70 paintings and drawings by Van Gogh. Loans from more than 60 public and private collections throughout Europe and North America told the story of a number of key formative periods throughout the artist's career. Denver was the only venue for this exhibition which drew more than 250,000 visitors during its three month run. Laura Letinsky: Still Life Photographs, 19972012 presented still life photographs that evolved from studies in melancholy and absence, revealing subtle, yet surprising, explorations of perception, color and space. This survey exhibition traced the artist's work from the late 1990s until today.Georgia O'Keeffe in New Mexico: Architecture, Katsinam, and the Land, brought to light a relatively unknown aspect of O'Keeffe's art and thinking-her deep respect for the diverse and distinctive cultures of northern New Mexico.Rocky Mountain Majesty: The Paintings of Charles Partridge Adams highlighted the work of the landscape artist known for his paintings of Longs Peak near Estes Park and other mountain ranges in Colorado. The DAM exhibited 33 of the very best of his oil and watercolor paintings depicting Colorado and showed the diversity of Adams' oeuvre, which includes such styles as realism, tonalism and impressionism.Taking visitors on a journey through the artist's imagination, Nick Cave: Sojourn featured approximately 40 new artworks including more than 20 new Soundsuits. Cave's multi-sensory, immersive installation transported visitors to a magical world of color, texture, sound, and movement.The Museum took a wide-ranging look at textiles from pre-Columbian weavings to Navajo blankets to an examination of clothing in art and photography in the campus-wide exhibition Spun: Adventures in Textiles. The exhibitions featured special in-gallery moments like a stunning seventeenth-century painting by the Master of the Blue Jeans and Flash of Red, Glint of Gold: Woven Riches of South America, which showcased vivid, multidimensional works created by South American artists in workshops separated by hundreds of miles and more than five centuries of history. Spun is one of the museum's innovative approaches to exhibitions that explores collections across the Museum through a single theme or medium. Figure to Field: Mark Rothko in the 1940s traced the development of Rothko's work during the most critical decade of his career. In the early '40s, Rothko rejected realism and began a series of abstract works meant to evoke classical myth; in the late '40s he created his first color field paintings, the works on which his stature as one of the most famous American painters of the post-war period rests. 6914031 Premises and Buildings - See Schedule OPremises & Buildings: These costs include all expenditures associated with the day-to-day operations of the Museum's facilities. Exhibition and permanent galleries displayed a variety of artwork for the public's enjoyment. The Museum's public spaces enable volunteers and others to conduct frequent educational programs such as tours, public talks, interpretive programs, and more. The premises and buildings provide ample space for mission-driven programming aimed at enriching the lives of this and future generations, and for which the Museum has been internationally recognized. 1880129 171247 Education Programs - See Schedule OEducation Programs: The Museum is committed to making art meaningful and enjoyable to people of all ages and backgrounds through its programs, exhibitions and installed galleries. The Museum's education department is a pioneer in the field of museum education, and is well-regarded internationally for its innovative approach to program development. Programs include:In-Gallery Installations: The Museum's in-gallery interpretive installations provide visitors with a variety of ways to explore temporary exhibitions and permanent collections on their own. Discovery libraries, Hot Spot and Create Stations in-gallery activities, art-making, Drop In Drawing and Drop In Writing, gallery games for kids and families, browsing areas, and more deepen visitors' experiences with art. DAM staff also host 25-30 visits a year from national and international colleagues seeking to learn from our approaches to in-gallery interpretationFamily Programs: The DAM is committed to being a truly family-friendly institution. The Museum's approach is two-pronged: 1) offer programs and activities at "peak family times" (weekends and school breaks); and 2) integrate family materials into installations, exhibitions, and public spaces so there is always something for families to do together. Family activities are always available and included with the cost of general admission. Family Backpacks (kid-sized packs filled with games and learning materials for families to use on their own in the galleries) and Art Tubes (artists' tubes filled with a creative art making project) can be checked out on weekends and school breaks. Discovery Library costume areas, eye spy and other gallery games, as well as the Just for Fun Family Center (a collection and exhibition-based hands-on activity area) and the Kids Corner (a do-it yourself art project space) are always available. Create Playdates! targets 3-5 year olds and their families, helping grown-ups explore the Museum with young children through storytelling and art making opportunities. And The Studio is a dedicated workshop for hands-on projects and artist demonstrations inspired by themes found in exhibitions. In 2013, The Quilt Studio accompanied Spun: Adventures in Textiles, a Museum-wide exploration of textiles across collections. Adult and College Programs: The DAM offers a wide range of opportunities for adults to discover, explore and make personal connections to collections and exhibitions. Programs range from tours, studio classes, and art history courses to Art and Wine Pairings, Conversation Lounges, and Insider Moments in the galleries. The DAM's Untitled series engages young adults with art and creativity through unconventional, often unexpected encounters with art the last Friday of the month. Online programs complement existing onsite offerings and incorporate participatory creative experiences that attract and engage younger adults for whom participation and technology are extremely important.School and Teacher Programs: The hallmark of DAM's school tour program is our interactive touring approach. Our introductory all-Museum tours, Perception Games and Imagination Games, have been featured at several national conferences, as have the touchable materials and activities we've developed for our culture and architecture based tours. Around 50,000 students visit the Museum each year to explore topics related to visual arts, social studies and language arts curricula. Creativity Resource, the Museum's online resource for teachers, uses the creativity of artists to inspire creativity in teachers and students and provides downloadable art images, information, lesson plans and multi-media resources, and curated blogs on cultural and creativity topics. The DAM provides professional development for teachers on-site and on-line through workshops, webinars, and in-services custom-designed to meet the needs of individual school districts.Community Partnerships: The education department is involved in several strategic collaborations designed to encourage Museum visitation by a broader audience. Emphasis is on introducing non-visiting families to the Museum. Current collaborations include work with the Mayor's Office for Education and Children, the Children's Hospital, Buntport Theater, and several other local community and social service organizations. Community access tours given by specially trained community and Spanish language guides provide these groups with introductory tours of the Museum stressing comfort and awareness of the Museum and all that it has to offer. Other accessibility programs include Art & About tours for individuals with Alzheimer's and early dementia and their care givers, Tactile Tours for low-vision and blind visitors, accessibility options for visitors with special needs, and more. Overall, education programs both onsite and online served more than 575,000 people in 2013, a significant increase over the previous year attributable to exceptional attendance onsite and increase traffic to online offerings such as Creativity Resource and social media interactions. 776537 1958289 Other program services included in this caption are the activities associated with the gift shop, restaurant and other facilities designed to enhance the visitor's overall Museum experience. 776537 1958289 21661912 1 1 0 0 0 0 0 1 0 0 1 0 0 0 1 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 1 1 0 0 0 1 208 0 1 460 1 0 0 0 0 0 1 1 0 0 0 0 X 29 29 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Curtis Woitte CFO 7209130022 100 West 14th Avenue Parkway Denver CO 802042788 J Landis Martin 1.00 X X 0 0 0 Charles P Gallagher 1.00 X X 0 0 0 Thomas A Petrie 1.00 X X 0 0 0 Robert S Rich 1.00 X X 0 0 0 William Armstrong 1.00 X 0 0 0 Jana Bartlit 1.00 X 0 0 0 Nancy Lake Benson 1.00 X 0 0 0 Michael Duncan 1.00 X 0 0 0 B Grady Durham 1.00 X 0 0 0 Suzanne Farver 1.00 X 0 0 0 Frederic C Hamilton 1.00 X 0 0 0 Arlene Hirschfeld 1.00 X 0 0 0 James A Holmes 1.00 X 0 0 0 Sarah A Hunt 1.00 X 0 0 0 Mariner Kemper 1.00 X 0 0 0 Nancy Leprino Henry 1.00 X 0 0 0 Kent Logan 1.00 X 0 0 0 Lee McIntire 1.00 X 0 0 0 Wayne W Murdy 1.00 X 0 0 0 Trygve E Myhren 1.00 X 0 0 0 Kathryn A Paul 1.00 X 0 0 0 William B Pauls 1.00 X 0 0 0 Craig Ponzio 1.00 X 0 0 0 Scott Reiman 1.00 X 0 0 0 Richard L Robinson 1.00 X 0 0 0 John J Sie 1.00 X 0 0 0 Richard M Weil 1.00 X 0 0 0 James F Williams II 1.00 X 0 0 0 Cathey McClain Finlon 40.00 X X 110592 0 11177 Thomas W Honig 1.00 X 0 0 0 Richard D McCormick 1.00 X 0 0 0 Roger Parker 1.00 X 0 0 0 Christoph Heinrich 40.00 X 225166 0 23557 Curtis Woitte 40.00 X 116751 0 21304 Andrea Fulton 40.00 X 105767 0 23771 Melora McDermott-Lewis 40.00 X 102730 0 31449 Arpie Chucovich 40.00 X 114456 0 13164 Nancy Blomberg 40.00 X 125080 0 13366 Margaret Young-Sanchez 40.00 X 113967 0 23627 Timothy Standring 40.00 X 108945 0 24423 1123454 0 185838 9 0 1 0 0 3190072 1054460 4859724 8496645 7224138 2052745 24825039 Admissions & Prog Fees 900099 6582266 6582266 Education 900099 171247 171247 6753513 42572 42572 561430 94700 466730 466730 466730 48349 0 48349 48349 48349 406597 1054460 406597 0 3486919 1528630 1958289 1958289 Miscellaneous Revenue 900099 165834 165834 Parking 900099 54289 54289 Sale of Art Proceeds 900099 24041 24041 244164 34338656 8901677 0 611940 X 599735 233847 284998 80890 10596454 7577155 2384501 634798 36435 36435 75400 75400 6329 6329 1069585 649634 372680 47271 1071006 1071006 1434080 689048 729430 15602 1548451 1486776 61675 135743 105602 24204 5937 2405 2405 1239318 1170967 49949 18402 Exhibitions 5505194 5505194 Gift Shop, Restaurant, 776542 776542 0 0 Consult. & Assistance 725637 297504 414694 13439 Education Programs 698402 698402 4010431 2468836 560668 980927 29531147 21661912 6071969 1797266 1521773 3427177 3357910 566921 14084429 13566058 240408 424702 298657 202258 445302 434770 1389930 1353841 47643831 29654477 14681137 17989354 7271325 8211241 939888 1993634 276852 271127 44507611 48441083 2095910 3260086 740336 767366 206289 0 1920000 1420000 4962535 5447452 X 21753433 28984784 17092116 13682319 699527 326528 39545076 42993631 44507611 48441083 X 4807509 46775 -1405730 X X 0 1 X 1 0 X 19568421 19278018 18303730 36749961 18162526 112062656 5231956 5272005 5614882 5893243 6216586 28228672 598831 265634 519717 500380 445927 2330489 25399208 24815657 24438329 43143584 24825039 142621817 501326 142120491 253218 506770 552420 538129 604003 2454540 109134 320326 324968 315696 406597 1476721 146553078 28155256 0.96980 0.97200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 4600000 4600000 40806710 28390145 12416565 2237121 1264332 972789 17989354 Note Payable to Denver Art Museum Foundation 1420000 1420000 X 33383516 46775 339484 386259 32997257 6328 1335071 1341399 34338656 28693191 339484 94700 434184 28259007 6329 1265811 1272140 29531147 Part III, Line 1a: The Museum's collections, which were acquired through contributions and purchases, are not recognized as assets on the statement of financial position. Purchases of collection items are recorded as decreases in unrestricted net assets in the year in which the items are acquired. Contributed collection items are not reflected on the financial statements. Proceeds from deaccessions or insurance recoveries are reflected as increases in the appropriate net asset classes. Museum policies require that such proceeds be used only to acquire additional art objects. All of the Museum's collection items are held for educational, research, exhibition, and curatorial purposes. Each of these collection items is cataloged, preserved, and cared for, and activities verifying their existence and assessing their condition are performed continuously. Part III, Line 4: The Denver Art Museum is dedicated to the collection, preservation, and presentation of art for broadly diverse audiences. With approximately 70,000 works of art in its care, the Museum holds the largest and most comprehensive collection of world art between Kansas City and the West. The Museum is an accessible, quality destination, welcoming over 800,000 visitors annually. The Museum is committed to its role as a cultural resource providing shared experiences of art and culture to the Rocky Mountain region and beyond. Collections are organized into nine curatorial departments: architecture, design & graphics; Asian art; modern and contemporary art; native arts; new world; painting and sculpture; textile arts; western American art; and photography. The Denver Art Museum strives to enrich the lives of present and future generations through the acquisition, presentation and preservation of works of art. The collections further the organization's exempt purpose by providing the sustenance necessary to educate visitors about the past, present and future, and inspire life-long learning. Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: The Museum is exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code, and qualifies for the charitable contribution deduction. Income from activities not directly related to the Museum's tax-exempt purpose is subject to taxation as unrelated business income. The Museum did not incur any unrelated business income tax in 2013. Management is required to evaluate tax positions taken by the Museum and recognize a tax liability (or asset) if the Museum has taken an uncertain position that more likely than not would not be sustained upon examination by taxing authorities. Management has analyzed the tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements and determined there are none. The Museum is subject to routine audits by taxing jurisdictions. There are currently no audits for any tax periods in progress. Management believes the Museum is no longer subject to income tax examinations for years prior to September 30, 2010. Part XI, Line 4b - Other Adjustments: Gifts of Art 1,405,730. Rental Expense -94,700. Art Proceeds 24,041. Part XII, Line 2d - Other Adjustments: Rental Expense 94,700. Part XII, Line 4b - Other Adjustments: Transfers to DAMF 660,230. Acquistions of Art 605,581. Collectors Choice 598300 458948 139352 38632 22150 78570 DAM Uncorked 491721 337766 153955 86235 14772 52948 4 371036 257747 113289 66700 9969 36620 1461057 1054461 406596 191567 46891 168138 406596 0 X 1 1 X X 0 0 0 0 0 0 0 0 0 Christoph Heinrich 225166 0 0 0 0 0 6750 0 16807 0 248723 0 0 0 X 128 1405730 FMV X 11 201088 FMV X City indirect 1 445927 Reported by donor 0 1 0 Form 990, Part VI, Section A, line 6 The Denver Art Museum has over 34,000 members who approve the slate of directors nominated by the Board of Trustees at the annual general membership meeting. Form 990, Part VI, Section A, line 7a Denver Art Museum members approve the slate of directors as nominated by the Board of Trustees. Form 990, Part VI, Section B, line 11 The IRS Form 990 is completed annually and a copy is provided to the Museum's Board Secretary for review. The Chief Financial Officer (CFO) provides the Form 990 to the Museum Board's Finance/Audit Committee Chair for review. The Museum's CFO discusses any questions or concerns with the Secretary and the Finance/Audit Committee Chair and necessary changes are updated on the Form 990. Once the CFO is in agreement with the Secretary and the Finance/Audit Committee Chair regarding the finished Form 990, it is signed and dated by the Director and submitted to the IRS by the filing deadline. A copy is made available to all Museum Board Trustees prior to filing with the IRS. Form 990, Part VI, Section B, line 12c The Museum's Conflict of Interest Policy is designed to protect the Museum by defining what is a conflict of interest or potential conflict of interest and providing procedures to identify and address conflicts of interest and potential conflicts of interest. Museum trustees, members of committees with delegated powers from the Board of Trustees, officers (Chairman, Vice Chairman, Secretary, Treasurer), and specific employees including the Museum Director, President, Executive Assistant to Director, Deputy Directors,Chief Curator, Curator, Assistant or Associate Curator, Department Director, or Department Associate Director (all "Interested Persons") are all covered under the policy. On an annual basis, each Interested Person must complete a "Disclosure and Compliance" form. This form requests information concerning all actual or potential conflicts of interest involving Interested Persons, their immediate family members and certain entities in which they or their immediate family members have an interest. As new trustees join the Board, new committee members are appointed, new officers are elected, or new employees who are covered under the policy are appointed (if those individuals are not already Interested Persons by reason of holding another of these positions) such individuals are also required to complete the "Disclosure and Compliance" form. In case of an actual or potential conflict of interest, the Museum uses a process at the Executive Committee level to investigate actual or potential conflicts of interest. Following disclosure of an actual or potential conflict, the person or persons involved with the conflict are not permitted to participate in any discussions relevant to determining if a conflict of interest exists. They may, however, be counted in determining the presence of a quorum at a meeting of the Executive Committee at which a conflict is being reviewed and may make a presentation to the Executive Committee to disclose the conflict and answer questions relevant thereto, but must leave the meeting during the discussion of and vote on whether the transaction or arrangement at issue resulted in a conflict of interest. If a conflict does exist, the Policy dictates ensuing steps, including investigating alternatives to the proposed transaction or arrangement and appropriate disciplinary and corrective action. The Museum maintains records concerning investigations of actual and potential conflicts of interest. Form 990, Part VI, Section B, line 15 The Museum's procedures for determining executive compensation include reviewing comparability data, monitoring the competitive market place, and approval by the executive committee of the Board of Trustees. Determining the compensation for the Museum's other officers and key employees follows the Museum's compensation policies and practices. This includes reviewing comparability data, considering the competitive market place, and the review and approval by the Museum's executive management. Form 990, Part VI, Section C, line 19 The Museum makes its governing documents, conflict of interest policy and financial statements available to the public upon reasonable request. All Other Functional Expenses Form 990, Part IX, line 24e Support Group/Volunteer Council: Program service expenses 0. Management and general expenses 0. Fundraising expenses 685,375. Total expenses 685,375. Distributions to DAMF: Program service expenses 660,230. Management and general expenses 0. Fundraising expenses 0. Total expenses 660,230. Repairs and Maintenance: Program service expenses 640,011. Management and general expenses 0. Fundraising expenses 0. Total expenses 640,011. Marketing/Vis. Services: Program service expenses 469,601. Management and general expenses 61,792. Fundraising expenses 0. Total expenses 531,393. Contract salaries and wages: Program service expenses 441,397. Management and general expenses 0. Fundraising expenses 0. Total expenses 441,397. Fundraising: Program service expenses 0. Management and general expenses 0. Fundraising expenses 295,552. Total expenses 295,552. Equipment Rental and Maintenance: Program service expenses 60,548. Management and general expenses 189,387. Fundraising expenses 0. Total expenses 249,935. Miscellaneous: Program service expenses 4,539. Management and general expenses 116,630. Fundraising expenses 0. Total expenses 121,169. Activity Support: Program service expenses 104,854. Management and general expenses 0. Fundraising expenses 0. Total expenses 104,854. Membership: Program service expenses 0. Management and general expenses 96,653. Fundraising expenses 0. Total expenses 96,653. Entertainment: Program service expenses 27,817. Management and general expenses 43,513. Fundraising expenses 0. Total expenses 71,330. Volunteer Expense: Program service expenses 41,371. Management and general expenses 0. Fundraising expenses 0. Total expenses 41,371. Trustee Expense: Program service expenses 0. Management and general expenses 30,550. Fundraising expenses 0. Total expenses 30,550. Recruiting Fees: Program service expenses 0. Management and general expenses 20,834. Fundraising expenses 0. Total expenses 20,834. Library Additions: Program service expenses 12,371. Management and general expenses 1,309. Fundraising expenses 0. Total expenses 13,680. Storage: Program service expenses 6,097. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,097. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 9: Gifts of Art -1,405,730. Part XI, Line 2c The Finance/Audit committee meets annually with the independent CPA firm to review the results of the current audit and internal control recommendations, if any. The Finance/Audit committee also assumes the annual responsibility of approving the selection of the audit firm. There have been no changes in these processes from the prior year. Denver Art Museum Holdings LLC 100 West 14th Parkway Denver CO 80204 846038240 Hold Real Estate CO 1577751 N/A 1240-1250 Bannock Street LLC 100 West 14th Parkway Denver CO 80204 846038240 Hold Real Estate CO N/A H-Street Properties LLC 100 West 14th Parkway Denver CO 80204 846038240 Hold Real Estate CO N/A DAM Office LLC 100 West 14th Parkway Denver CO 80204 846038240 Hold Real Estate CO 5418692 N/A Denver Art Museum Foundation 742496760 Support the activities of the Denver Art Museum CO 501(c)(3) 509(a)(1) N/A 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0