2014-05-09T17:04:13-05:00 2013-06-30 134008324 PricewaterhouseCoopers LLP 1301 K Street NW 800W Washington DC 20005 990 2012-07-01 951644606 NORTON SIMON MUSEUM OF ART AT PASADENA NORT 6264496840 411 West Colorado Boulevard Pasadena CA 911051825 Ronald H Dykhuizen 6268446910 2014-05-09 1 Marci K Krause P00394681 2024141000 2012 2015-11-30 17:44:51Z Walter W Timoshuk 411 West Colorado Boulevard Pasadena CA 911051825 12691618 0 X www.nortonsimon.org X 1924 CA Operation of a public art museum. 14 13 206 13 0 0 5266902 5789304 648774 728232 1156315 1627373 298249 293970 7370240 8438879 150 0 0 0 4005861 4101519 0 0 0 1816464 1784306 5822475 5885825 1547765 2553054 73133311 79065604 786432 842648 72346879 78222956 X The Museum's exempt purposes are to: (i) establish and maintain a museum and library of art, painting, and sculpture; (ii) encourage and develop the study of the fine arts and advance the general knowledge of kindred subjects; and (iii) do any and (continued on Schedule O) all things incidental, accessory or advantageous to the carrying out of such purpose or purposes. 0 0 4594394 728232 Operation of a public art museum, which is open six days a week. Annual attendance is approximately 175,000. Museum programs include guided tours and educational publications that are available at the museum bookstore. 4594394 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 21 0 1 206 1 0 0 0 0 0 1 1 0 0 0 0 X 14 13 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 0 1 1 0 CA X Ronald H Dykhuizen 6268446910 411 W Colorado Blvd Pasadena CA 91105 Albert J Crosson 1.00 1.00 X 0 0 0 Roy Doumani 1.00 0.00 X 0 0 0 Pamela Simon Jensen 1.00 0.00 X 0 0 0 Dr Guy Juillard 1.00 0.00 X 0 0 0 Ronald L Olson 1.00 0.00 X 0 0 0 Judge Mariana Pfaelzer 1.00 0.00 X 0 0 0 Dr Earl A Powell III 1.00 0.00 X 0 0 0 Victoria B Rogers 1.00 0.00 X 0 0 0 Douglas Simon 1.00 0.00 X 0 0 0 Dr David Steadman 1.00 0.00 X 0 0 0 John Van de Kamp 1.00 0.00 X 0 0 0 Thomas L Pfister 2.00 1.00 X X 0 0 0 Tom Brokaw 1.00 0.00 X X 0 0 0 Walter W Timoshuk 30.00 30.00 X X 277506 277506 120362 Ronald H Dykhuizen 30.00 30.00 X 126907 126907 80040 Stephanie Villasenor 12.50 37.50 X 31317 93949 20207 Cindy Schembri 25.00 25.00 X 51170 51170 35782 John Sudolcan 50.00 0.00 X 119646 0 51933 Carol Togneri 25.00 25.00 X 63205 63206 27884 Sara Campbell Abdo 0.00 0.00 X 0 265000 0 669751 877738 336208 3 1 1 0 Mariposa Horticultural Enterprises Inc 15529 Arrow Highway Irwindale CA 91706 Landscape maintenance 133061 1 X 238443 41585 5509276 923382 5789304 Admissions 900099 701877 701877 Tours 900099 20155 20155 Public Events 900099 5200 5200 Photo Income 900099 1000 1000 728232 896425 896425 4703697 3972749 730948 730948 730948 573960 279990 293970 293970 8438879 728232 0 1921343 580494 580494 2672207 2450213 221994 185642 156097 29545 411144 330013 81131 252032 183467 68565 13465 13465 42119 42119 27098 27098 215614 201131 14483 9727 9627 100 132071 43734 88337 8973 6649 2324 392330 364867 27463 3317 2013 1304 261 261 483010 449199 33811 162908 130849 32059 Facilities/maintenance 120243 120243 Curatorial 58964 58964 Security 40734 40734 Disposed property loss 16552 15393 1159 56920 30940 25980 5885825 4594394 1291431 0 165697 101356 199834 0 20976125 21210907 6224 13575 800 0 385720 384409 121908 110120 17059513 10188610 7239562 6870903 39952535 45266205 4049503 5072726 35403 35403 73133311 79065604 786432 842648 786432 842648 X 55473037 61597100 16631441 16383455 242401 242401 72346879 78222956 73133311 79065604 X 2553054 3509646 -172434 -14189 X 0 1 X 1 0 X 4292215 4298001 5333107 5359686 5882088 25165097 4025684 4020631 2318195 2326786 2327622 15018918 8317899 8318632 7651302 7686472 8209710 40184015 22609570 17574445 966061 814491 839272 821236 896425 4337485 44521500 5895787 0.39470 0.41740 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 268977 30771 13539 286209 285707 -2857 13873 268977 251180 49759 15232 285707 248376 21287 18483 251180 318075 -52926 16773 248376 0.85000 0.15000 0 0 14786852 8108789 6678063 743035 607708 135327 1529626 1472113 57513 6870903 Weatherlow Offshore Fund 5072726 F 5072726 X 8750307 31438 279990 311428 8438879 0 8438879 6383876 203872 294179 498051 5885825 0 5885825 Part III, Line 1a: The following footnote is included in the Museum's audited financial statements: "In conformity with accounting policies generally followed by art museums, the value of the Museum's collections has been excluded from the Statements of Financial Position, and the gifts of art objects are excluded from the Statements of Activities. Purchases of art objects by the Museum would be separately identified as decreases in net assets in the Statements of Activities. It is the Museum's policy to designate proceeds from the sale of art for the acquisition of art. The collections are maintained for public exhibition, education, and research in furtherance of public service, rather than for financial gain." Part III, Line 4: The Museum's exempt purposes are to: (i) establish and maintain a museum and library of art, painting, and sculpture; (ii) encourage and develop the study of the fine arts and advance the general knowledge of kindred subjects; and (iii) do any and all things incidental, accessory or advantageous to the carrying out of such purposes. The Museum houses more than 12,000 works of art, including paintings, sculptures, drawings and other works on paper, photography, and other miscellaneous art objects. Approximately 1,000 works are on view in the galleries and gardens. Four temporary exhibition galleries feature rotating installations of artworks not on permanent display. Description of Intended Use of Endowment Funds: Part V, Line 4: To support the general operations of the Museum. Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: The following footnote is included in the Museum's audited financial statements for the tax year ending June 30, 2013: "The Museum is recognized as exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code and Section 23701(d) of the California Revenue and Taxation Code. As required by the Income Taxes Topic of the FASB ASC, the Museum recognizes the effect of income tax positions only if those positions are more likely than not to be sustained. The Museum believes that it has appropriate support for the tax positions taken and, as such, does not have any uncertain tax positions that result in a material impact on the Museum's financial position or statements of activities." Part XI, Line 2d - Other Adjustments: Cost of goods sold 279,990. Part XII, Line 2d - Other Adjustments: Cost of goods sold 279,990. Depreciation on capitalized donated services 14,189. Central America and the Caribbean 0 0 Investments 4538000 0 0 0 0 0 0 4538000 0 4538000 1 0 1 1 0 0 X X X X X X 0 1 0 0 0 0 0 0 0 Walter W Timoshuk 275724 275724 0 0 1782 1782 37500 37500 22681 22681 337687 337687 0 0 Ronald H Dykhuizen 126286 126286 0 0 621 621 25000 25000 15020 15020 166927 166927 0 0 John Sudolcan 118115 0 0 0 1531 0 12167 0 39766 0 171579 0 0 0 Carol Togneri 62402 62403 0 0 803 803 6320 6320 7622 7622 77147 77148 0 0 Sara Campbell Abdo 0 265000 0 0 0 0 0 0 0 0 0 265000 0 0 Part I, Line 4b Walter W. Timoshuk, President Supplemental nonqualified retirement plan (unvested accruals) Organization: $25,000 Related organization: $25,000 Benefits under the plan are subject to a substantial risk of forfeiture, and shall become payable if Mr. Timoshuk is employed by the organization on; a) July 1, 2016; or b) the date of his death or disability. Plan benefits shall also become payable if Mr. Timoshuk's employment with the organization is terminated without cause. Ronald H. Dykhuizen, Chief Financial Officer Supplemental nonqualified retirement plan (unvested accruals) Organization: $12,500 Related organization: $12,500 Benefits under the plan are and remain subject to a substantial risk of forfeiture until becoming payable periodically in the event Mr. Dykhuizen is employed by the organization on certain predesignated dates, the first of which occurred on June 30, 2011. Benefits under the plan also become payable in the event of (i) Mr. Dykhuizen's death or disability, or (ii) Mr. Dykhuizen's termination of employment with the organization without cause. Sara Campbell Abdo, Former Employee Sara Campbell Abdo, a former highest compensated employee of the Museum, was employed by a related organization, the Norton Simon Art Foundation, until her retirement from that organization in December 2011. In January 2012, Ms. Campbell Abdo received a one-time, lump-sum deferred compensation payment from this related organization in the amount of $265,000. X 73 0 X 1 923382 FMV-Date of contribution 0 0 1 0 Method for Determining Number of Contributions: Part I, Column (b): The number reported in Part I, column (b), Line 1 represents the total number of art objects contributed to the Museum. Non Reporting of Revenue: Part I, Line 33: Although the Museum does not report gifts of art in its audited financial statements as permitted under generally accepted accounting principles, it reports such gifts on Form 990, Schedule M. Form 990, Part VI, Section A, line 2 Two trustees, Douglas Simon and Pamela Simon Jensen, have a family relationship. Form 990, Part VI, Section A, line 6 The Museum has members and trustees. Form 990, Part VI, Section A, line 7a Members of the Museum elect the trustees. Form 990, Part VI, Section A, line 7b Pursuant to the Museum's bylaws, certain decisions of the Museum's Board of Trustees, if made, would be subject to approval by the Museum's Members. Decisions subject to the affirmative vote of the Members include amendments to the Museum's bylaws, disposal of substantially all of the assets of the Museum, the merger or dissolution of the Museum, and any other decisions requiring member approval pursuant to California's Nonprofit Public Benefit Corporations Law. Each Member of the Museum is entitled to one vote on each matter submitted to a vote of the Members. Form 990, Part VI, Section B, line 11 The Museum's Form 990 is first reviewed by the Museum's CFO and then by an outside accounting firm. The draft Form 990 is then distributed to the Museum's Audit Committee for review. The CFO, President, and a representative from the outside accounting firm meet with the Audit Committee for further review and approval. The Form 990 is then distributed to the full Board of Trustees prior to filing. Form 990, Part VI, Section B, line 12c Pursuant to the Museum's Conflict of Interest Policy, the Museum's trustees and officers are required to disclose any actual or possible conflicts of interest annually. It is the Museum's practice for senior management to review the disclosures and to forward them to the Chair of the Audit Committee. If deemed necessary by the Audit Committee Chair, potential conflicts of interest matters are presented to a board committee or the board. Per the Policy, the board committee or the board then determines by vote if a conflict of interest exists. The person involved in the potential conflict is required to leave the board meeting or committee meeting while the issue is discussed and voted upon. All employees of the Museum are also required to annually disclose any actual or possible conflicts of interest. These disclosures are reviewed by senior management. Form 990, Part VI, Section B, line 15 The process for determining the 2012 compensation of both the President and the CFO of the Museum included the following: (i) use of an independent compensation consultant to update a compensation study and review Form 990's filed by other organizations, available compensation surveys, and other relevant data, (ii) review and approval by the Compensation Committee of the board, which consists entirely of non-employee trustees; (iii) review and approval by the full board, with the employee President recusing himself from deliberations and voting; and (iv) contemporaneous substantiation of the deliberations and decisions, which are reflected in the minutes of both the Compensation Committee and the board. 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 request. Written whistleblower policy Form 990, Part VI, Section B, Line 13 The Museum maintains a written whistleblower policy, a copy of which is provided to all Museum employees. The Museum has answered this question in the negative solely by reason of the fact that the Museum's written whistleblower policy was not adopted by the Museum's Board of Trustees but rather was adopted by the Museum's officers. Written document retention and destruction policy Form 990, Part VI, Section B, Line 14 The Museum maintains a written document retention and destruction policy pursuant to which all document retention and destruction is actively monitored by Museum officers. The Museum has answered this question in the negative solely by reason of the fact that the Museum's written document retention and destruction policy was not adopted by the Museum's Board of Trustees but rather was adopted by the Museum's officers. Noncash contributions included in lines 1a-1f Form 990, Part VIII, Line 1g On April 17, 2013, the Museum received a contribution of $5.5 million from The Norton Simon Foundation, to be paid to the Museum in cash, securities, or a combination thereof. Following the end of the 2012 tax year, in December 2013, $923,382 of the $5.5 million contribution was paid in the form of securities. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 9: Depreciation on capitalized donated services -14,189. Norton Simon Art Foundation 385 E Colorado Blvd Suite 240 Pasadena CA 91101 956038921 To develop public knowledge and interest in fine arts. CA 501(c)(3) PF 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 Norton Simon Art Foundation O 1544182 Cash value Sharing of paid employees Schedule R, Part V, Line 1a The Museum is the designated common paymaster for the employees of the Museum and the Norton Simon Art Foundation. The Foundation reimburses the Museum for the services provided by the employees during the year.