2014-11-13T14:12:08-07:00 2013-12-31 990 2013-01-01 420680419 EDMUNDSON ART FOUNDATION INC EDMU 5152774405 4700 Grand Avenue Des Moines IA 50312 Cheryl Tuttle Senior Director of Finance 5152774405 2014-11-15 2013 2015-11-30 17:44:51Z Jeff Fleming 4700 Grand Avenue Des Moines IA 50312 6815066 0 X http://www.desmoinesartcenter.org/ X 1945 IA The Des Moines Art Center engages diverse local, national, and international audiences with the art of today through its museum and school, adding to the cultural record through collections and programs. 28 28 175 335 110273 0 1646330 3713729 318121 375211 2149692 2170837 190483 118474 4304626 6378251 0 0 0 0 2705805 2884399 0 0 451468 2910416 4077729 5616221 6962128 -1311595 -583877 93851389 114738223 1187997 758118 92663392 113980105 The Des Moines Art Center engages diverse local, national, and international audiences with the art of today through its museum and school, adding to the cultural record through collections and programs. 0 0 4588637 0 24585 Collections, exhibitions and works of art - In addition to over 300 works of art on display from the permanent collections, sixteen special exhibitions were presented in 2013. These exhibitions featured important contemporary artists from around the world, notably Gravity and Grace: Monumental Works by El Anatsui and Scree by Phyllida Barlow. We have developed a reputation for presenting the first solo exhibitions in the United States for many young artists who then establish international acclaim. These artists include Alex Brown, John Currin, Ellen Gallagher, Christian Jankowski, , Robyn O'Neil and the Chapman Brothers. Other exhibitions feature Iowa artists and works from our permanent collections, which focus on post-1945 works and are acclaimed for a large number of masterpiece-quality works and the scholarly important awarded to them. Examples include works by Claude Monet, Brice Marden, John Singer-Sargent, Francis Bacon, Frank Stella, Cecily Brown, Phillip Guston, Jean Arp, Andy Goldsworthy, Constanin, Brancusi, Louise Bourgeois and Alberto Giacometti. In 2009, the John and Mary Pappajohn Sculpture Park opened, featuring over 25 of the world's most celebrated artists and several works have been added since. Related education programs reached thousands of children and adults. 1194059 0 350626 Education - Our education and outreach programs are diverse and comprehensive, including a public art school, tours, programs for at-risk youth and lectures. Three terms of classes and workshops are offered to members and the general public each year; over 3,000 students (children, adults and families) took classes ranging from drawing, painting, photography, art history, ceramics, jewelry making and more. Approximately 10% of the students received scholarhips. The tours program serves over 13,000 students from pre-kindergarten through college, including all 4th graders in Des Moines and surrounding community school districts as well as several hundred adults; the tours are led by docents who undergo a rigorous training program. The student tours population includes many "at-risk" children as approximately half of Des Moines' public school students are defined as such. Additional at-risk students are provided art education, including Youth Emergency Shelter Services (YESS), Children and Families of IOwa, Oakridge Neighborhood, Mentor Iowa and many others. Finally, our lecture program features regionally, nationally and internationally acclaimed artists, art scholars, critics and others. 0 0 0 5782696 1 1 0 0 0 0 0 1 0 1 1 0 0 1 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 0 0 0 0 0 1 63 0 1 175 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X X Cheryl A Tuttle 5152774405 4700 Grand Avenue Des Moines IA 50312 Pamela Bass-Bookey Trustee 1 0 X 0 0 0 Joseph Ceryanec Trustee 1 0 X 0 0 0 Graham Cook Trustee 1 0 X 0 0 0 Charles C Edwards Jr Trustee 1 0 X 0 0 0 Lois Fingerman Trustee 1 0 X 0 0 0 Barbara Gartner Trustee 1 0 X 0 0 0 Christine Hensley Trustee 1 0 X 0 0 0 James Israel Trustee 1 0 X 0 0 0 Dale Jansen Trustee 1 0 X 0 0 0 Darren Jirsa Trustee 1 0 X 0 0 0 Mary Kelly Trustee 1 0 X 0 0 0 John Krantz Trustee 1 0 X 0 0 0 Lisa Kruidenier Trustee 1 0 X 0 0 0 Jeanne Levitt Trustee 1 0 X 0 0 0 Warren May Trustee 1 0 X 0 0 0 Michael H Miller Trustee 1 0 X 0 0 0 Mary Pappajohn Trustee 1 0 X 0 0 0 Stacy Polydoran Trustee 1 0 X 0 0 0 Suku Radia Trustee 1 0 X 0 0 0 Patricia Schneider Trustee 1 0 X 0 0 0 Craig Shadur MD Trustee 1 0 X 0 0 0 Toni Urban Trustee 1 0 X 0 0 0 Dennis E Young Trustee 1 0 X 0 0 0 Woodward G Brenton Chairperson and Ex-Officio 1 0 X X 0 0 0 James Hubbell III President 1 0 X X 0 0 0 Kyle Krause Vice President 1 0 X X 0 0 0 James Wallace Treasurer 1 0 X X 0 0 0 Patricia McFarland Secretary 1 0 X X 0 0 0 Jeff Fleming Director 40 0 X X X 226696 0 23845 Cheryl Tuttle Senior Director of Finance 40 0 X 117906 0 15559 344602 0 39404 2 0 1 0 0 0 64157 144379 0 0 3505193 0 3713729 Studio Programs 611600 348974 348974 0 0 Exhibition income (catalog sales) 900099 20838 20838 0 0 Reproduction & loan fees 900099 3747 3747 0 0 Tours 900099 840 840 0 0 Art activities 900099 812 812 0 0 0 0 0 0 375211 2170837 0 0 2170837 0 0 0 0 0 0 0 0 43332 0 48973 0 -5641 0 -5641 0 -5641 0 0 0 199389 144379 249480 -50091 0 -50091 254276 138362 115914 0 115914 0 Other income 900099 58292 58292 0 0 0 0 0 0 58292 6378251 433503 110273 2120746 0 0 0 0 0 0 0 0 226696 0 226696 0 0 0 0 0 2082876 1582059 260378 240439 29529 18458 9119 1952 392839 311645 38723 42471 152459 110835 25386 16238 0 0 0 0 14066 392 13674 0 32024 0 32024 0 0 0 0 0 0 0 0 0 0 0 83622 59808 20031 3783 333714 312455 0 21259 212936 137263 42034 33639 57607 46399 3750 7458 0 0 0 0 379663 359879 6538 13246 103203 84188 13277 5738 0 0 0 0 16036 4640 10721 675 0 0 0 0 0 0 0 0 731401 688226 14521 28654 137322 130506 5133 1683 Program & other fundraising supplies 467018 461965 0 5053 Works of art purchased 1434993 1434993 0 0 74124 38985 5959 29180 6962128 5782696 727964 451468 1016691 731161 177242 168518 324678 420801 111950 94285 0 0 0 0 0 0 60267 87197 132732 87414 19676916 12116129 8205503 7560787 37646717 45090362 0 0 0 0 0 0 46175609 60497698 93851389 114738223 853033 368378 0 0 0 0 0 0 0 0 0 0 0 0 0 0 334964 389740 1187997 758118 X 22787840 25028520 1950865 6199660 67924687 82751925 92663392 113980105 93851389 114738223 -583877 21900590 0 0 0 0 X 0 1 X 1 0 X 4502705 3359231 2142594 1646330 3713729 15364589 0 0 0 0 0 0 0 0 0 0 0 0 4502705 3359231 2142594 1646330 3713729 15364589 3690367 11674222 1554265 1833486 1870981 2149692 2170837 9579261 -43989 -59161 -35577 -31310 -49304 -219341 0 0 0 0 0 0 24724509 2189523 0.47217 0.5628 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 X X X X 1 35918159 637292 8536171 0 1534887 0 43556735 33150457 208641 4012654 0 1453593 0 35918159 33770178 213257 665647 0 1498625 0 33150457 30987867 319714 3923577 0 1460980 0 33770178 26753889 297027 5538309 0 1601358 0 30987867 0.37 0.51 0.12 0 0 0 0 0 0 18485060 11152662 7332398 0 0 0 0 0 1191856 963467 228389 0 0 0 0 7560787 Funds held in trust 60497698 60497698 Deferred compensation 389740 389740 X 28715656 21900590 0 0 436815 22337405 6378251 0 0 0 6378251 7398943 0 0 0 436815 436815 6962128 0 0 0 6962128 Schedule D, Part III, Line 1 The collections, which were acquired through purchases and contributions since the Foundation's inception, are not recognized as assets on the statements of financial position. Purchases of collection items are recorded as decreases in 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. Schedule D, Part III, Line 4 In keeping with its mission, the Foundation collects works of art from the 19th, 20th, and 21st centuries. Its permanent collections focus on masterpiece quality post 1945 and contemporary international art and are acclaimed for the scholarly import awarded to them. Of the approximately 4,800 objects in the collections, approximately 3,000 are works on paper that range from Rembrandt, Goya, and Durer to the present. There are regular presentations of artworks in the exhibition galleries at the Foundation. Selected objects from the permanent collections are shown as part of special exhibitions either at the Foundation or in museums throughout the world. When not on exhibit at the Foundation or on loan to museums for temporary exhibitions, the objects are cared for in climate controlled storage areas. The Foundation maintains policies and procedures addressing the collections' upkeep, as well as other aspects of its management, including accession and deaccession policies. Schedule D, Part V, Line 4 The Foundation's endowment consists of several individual funds established for a variety of purposes and includes both donor-restricted funds and funds designated by the Board of Trustees to function as endowments. The Foundation has a policy of appropriating for distribution each year 4.5% of its endowment fund's average fair value over the prior 12 quarters through the second quarter preceding the fiscal year in which the distribution is planned. Single gifts exceeding $200,000 are deducted from this calculation and a specific appropriation of 4.5% of such gifts is allowed for the 12 quarters following these gifts. Certain purpose-restricted endowments have spending rates established by the donor. These purposes vary from education support, scholarships, and exhibitions. The majority of the endowment fund has not been restricted for a specific purpose. Schedule D, Part X, Line 2 The Foundation recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. Interest and penalties on unrecognized tax benefits are classified as other noninterest expense. As of December 31, 2013 and 2012, the Foundation had no material unrecognized tax benefits. Schedule D, Part XI, Line 2d Direct costs netted against revenues, including cost of goods sold ($138,362), special events direct expense ($249,480), and rental expenses ($48,973). Schedule D, Part XII, Line 2d Direct costs, including cost of goods sold ($138,362), special events direct expense ($249,480), and rental expenses ($48,973). Gala 149640 117410 32230 0 0 0 27640 5000 41348 London Trip 160272 26969 133303 0 0 0 0 0 133303 4 33856 0 33856 0 0 0 13096 6025 23068 343768 144379 199389 0 0 0 40736 11025 197719 249480 -50091 X X X 0 0 0 0 0 0 0 0 0 Jeff Fleming Director 223697 0 0 0 3000 0 5770 0 18075 0 250542 0 0 0 Schedule J, Part I, Line 3 The Executive Committee of the Board of Trustees reviews and determines the compensation of the Director, which is voted on and approved by the full board. They review and potential conflicts of interest, of which there were none in 2013. They use primarily the American Association of Museum Directors' (AAMD) salary comparisons as a guide to determine comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations. This review is documented with written notes regarding the compensation agreement reached after discussion by the Executive Committee or its representative. The president of the Board of Trustees and the Director. X 51 0 N/A 4 0 1 0 Schedule M, Part I, Line 33 The Foundation's collections are not recognized as assets on the statements of financial position as allowed by GAAP and recommended by the American Association of Museums (AAM). Purchases of collection items are recorded as decreases in net assets in the year in which the items are acquired. Contributed collection items are not reflected on the financial statements as allowed by GAAP and disclosed in our audited financial statements. Form 990, Part VI, Section B, Line 11b All members of the Board of Trustees were provided a copy of the Form 990 prior to filing. The Finance Committee, as delegated by the Board of Trustees, reviewed the Form 990 prior to providing a copy to the Board. Form 990, Part VI, Section B, Line 12c The Foundation's Code of Ethics applies to all trustees, employees and volunteers. A Conflict of Interest Questionnaire is completed annually by trustees and employees. Potential conflicts identified are investigated by the Trusteeship Committee. Trustees with actual conflicts do not participate in deliberations or vote on the matter in question. Potential employee conflicts are investigated by the Director and/or the Senior Director of Finance. Form 990, Part VI, Section B, Line 15 The Executive Committee of the Board of Trustees reviews and determines the compensation of the Director, which is voted on and approved by the full board. They review any potential conflicts of interest, of which there were none in 2013. They use primarily the American Association of Museum Director's (AAMD) salary comparisons as a guide to determine comparable compensation for similarly qualified persons in functionally comparable positional at similarly situated organizations. This review is documented with written notes regarding the compensation agreement reached after discussion by the Executive Committee or its representative, the President of the Board of Trustees and the Director. Form 990, Part VI, Section C, Line 19 The Foundation's governing documents, conflict of interest policy, and financial statements are available to the public upon request. Appropriate extensions were filed.