2014-05-13T12:26:37-05:00 2013-06-30 GARY MCGEE & CO LLP 808 SW THIRD AVENUE SUITE 700 PORTLAND OR 97204 990 2012-07-01 930391604 PORTLAND ART MUSEUM PORT 5032262811 1219 SW PARK AVENUE PORTLAND OR 972052430 GARETH NEVITT 5032262811 2014-05-12 1 GARY MCGEE P00743279 5032222515 2012 2015-11-30 17:44:51Z BRIAN FERRISO 1219 SW PARK AVENUE PORTLAND OR 972052430 14526511 0 X WWW.PORTLANDARTMUSEUM.ORG X 1892 OR COLLECTION AND PRESERVATION OF ART FOR PUBLIC EXHIBITION. 53 52 294 935 234488 105307 12613517 8348888 2735007 2265311 906308 897132 1665820 1414382 17920652 12925713 15000 10000 0 0 7108827 7498374 18907 16692 1703817 7875634 8501475 15018368 16026541 2902284 -3100828 118364273 119604863 6608859 5635600 111755414 113969263 THE MISSION OF THE PORTLAND ART MUSEUM IS TO ENGAGE THE PUBLIC WITH ART AND FILM OF ENDURING QUALITY, TO FACILITATE DIALOGUE WITH DIVERSE AUDIENCES, AND TO COLLECT, PRESERVE AND EDUCATE FOR THE ENRICHMENT OF PRESENT AND FUTURE GENERATIONS. 0 0 10260611 1900728 THE MUSEUM DEVOTES 90 PERCENT OF ITS GALLERIES TO ITS PERMANENT COLLECTIONS WHICH CONSISTS OF MORE THAN 50,000 OBJECTS. IT ALSO MAINTAINS AN AMBITIOUS EXHIBITION PROGRAM, PRESENTING APPROXIMATELY 20 EXHIBITIONS EACH YEAR. HIGHLIGHTS FOR FISCAL YEAR 2013 WERE: THE BODY BEAUTIFUL, CARRIE MAE WEEMS, GASTON LACHAISE, AND CYCLEPEDIA. 1330985 10000 791507 THE MUSEUM'S NORTHWEST FILM CENTER CONDUCTS AN ACTIVE FILM AND VIDEO EXHIBITION PROGRAM, SCREENING MORE THAN 420 FILMS DURING THE YEAR. THE FILM CENTER OPERATES THE OLDEST AND MOST COMPREHENSIVE FILM SCHOOL IN OREGON AND THE NORTHWEST AND HAS ONE OF THE PREMIERE YOUTH MEDIA ARTS RESIDENCY PROGRAMS IN THE NATION. DURING THE YEAR, THE FILM CENTER'S GLOBAL CLASSROOM GAVE 1,200 SCHOOL CHILDREN A WINDOW ON THE WORLD THROUGH THE SCREENING OF INTERNATIONAL FILMS TIED TO FOREIGN LANGUAGE, SOCIAL STUDIES AND OTHER SCHOOL CURRICULUM, AND MORE THAN 700 PEOPLE LEARNED THE ART OF FILMMAKING AT THE FILM SCHOOL. 652237 18203 MUSEUM EDUCATION PROGRAMS AIM TO BROADEN AND DEEPEN ACCESS TO EXHIBITIONS AND COLLECTIONS, AND TO FACILITATE VISITORS' LEARNING ABOUT ART BOTH ON AND OFFSITE. DURING THE YEAR, MORE THAN 25% OF MUSEUM'S VISITORS WERE SCHOOL CHILDREN. THE MUSEUM ALSO CREATED MOBILE TOURS FOR SELECT EXHIBITIONS, PRESENTED MORE THAN 30 PUBLIC LECTURES AND GALLERY TALKS, AND OFFERED SEVERAL FAMILY DAYS FOR MORE THAN 6,000 VISITORS. 12243833 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 0 1 0 0 0 1 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 223 0 294 1 1 1 0 0 0 0 1 1 0 0 0 0 X 53 52 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 OR X X GARETH NEVITT 5032262811 1219 SW PARK AVENUE PORTLAND OR 972052430 N CHRISTIAN ANDERSON 1.00 X 0 0 0 LINDA ANDREWS 1.00 X 0 0 0 SHARON BARNES 1.00 X 0 0 0 MISSY BECHEN 1.00 X 0 0 0 CHITA BECKER 1.00 X 0 0 0 KAY BRANTLEY 1.00 X 0 0 0 LISA D BROOKE 1.00 X 0 0 0 MARY BETH BURPEE 1.00 X 0 0 0 LIANE CABOT 1.00 X 0 0 0 JAMES CRUMPACKER 1.00 X 0 0 0 MARK C FRANDSEN 1.00 X 0 0 0 STAN GEFFEN 1.00 X 0 0 0 MARK GOODMAN 1.00 X 0 0 0 PATRICK J GREEN 1.00 X 0 0 0 PETER HALL 1.00 X 0 0 0 LINDA RAE HICKEY 1.00 X 0 0 0 MARY CHOMENKO HINCKLEY 1.00 X 0 0 0 STEVE HOLWERDA 1.00 X 0 0 0 JUDY HUMMELT 1.00 X 0 0 0 STEVE JANIK 1.00 X 0 0 0 SELBY KEY 1.00 X 0 0 0 NANCY LEMATTA 1.00 X 0 0 0 KATHLEEN LEWIS 1.00 X 0 0 0 CYNDY MALETIS 1.00 X 0 0 0 DAVID MARGULIS 1.00 X 0 0 0 MELVIN MARK JR 1.00 X 0 0 0 LANI MCGREGOR 1.00 X 0 0 0 MARK MILLER 1.00 X 0 0 0 SHIRLEY PAPE 1.00 X 0 0 0 TRAVERS HILL POLAK 1.00 X 0 0 0 DEE POTH 1.00 X 0 0 0 DENNIS RAWLINSON 1.00 X 0 0 0 H PAT RITZ 1.00 X 0 0 0 APRIL KNAPP SANDERSON 1.00 X 0 0 0 ARLENE SCHNITZER 1.00 X 0 0 0 ERIC SMIDT 1.00 X 0 0 0 ANGELA SNOW 1.00 X 0 0 0 GORDON D SONDLAND 1.00 X 0 0 0 ANDREE H STEVENS 1.00 X 0 0 0 PETER STOTT 1.00 X 0 0 0 DONALD T VAN WART 1.00 X 0 0 0 LARRY VIEHL 1.00 X 0 0 0 JOE VOBORIL 1.00 X 0 0 0 ROBERT WARREN 1.00 X 0 0 0 HELEN JO WHITSELL 1.00 X 0 0 0 CELIA WIEBE 1.00 X 0 0 0 ALICE HARTMAN WIEWEL 1.00 X 0 0 0 DJ WILSON 1.00 X 0 0 0 JAMES H WINKLER 1.00 X X 0 0 0 JANET GEARY 1.00 X X 0 0 0 RICHARD LOUIS BROWN 1.00 X X 0 0 0 WILLIAM WHITSELL 1.00 X X 0 0 0 LAURA S MEIER 1.00 X X 0 0 0 BRIAN J FERRISO 35.00 X 367374 0 29923 GARETH A NEVITT 35.00 X 148581 0 4644 JS MAY 35.00 X 184259 0 829 BRUCE GUENTHER 35.00 X 140460 0 4690 840674 0 40086 4 0 1 0 0 3039951 184664 107123 5017150 737057 8348888 ADMISSIONS 900099 1515854 1515854 TUITION AND FEES 611600 346521 346521 RENTAL SALES GALLERY 453000 235827 235827 OTHER PROGRAM FEES 900099 167109 167109 2265311 897132 897132 1472720 379319 767734 239021 704986 140298 845284 100227 745057 13700 184664 23990 -10290 -10290 1089194 570053 519141 384880 134261 MISCELLANEOUS 900099 60247 60247 60247 12925713 2710438 234488 1631899 10000 10000 687874 88036 334385 265453 5775526 4531825 561200 682501 542121 428995 56813 56313 492853 371620 61967 59266 4904 2581 1612 711 69946 69946 16692 16692 124562 124562 1033011 475942 434398 122671 502311 451416 16508 34387 1041975 720784 133846 187345 95602 54457 33279 7866 896675 745651 143619 7405 244696 214842 13644 16210 7302 2677 1996 2629 186455 186455 1560466 1185708 356383 18375 175324 96151 79173 ART & EXHIBITIONS COSTS 1617364 1617364 OTHER 925861 680848 170504 74509 EVENT EXPENSES 346680 193245 1951 151484 ALLOCATIONS 0 371691 -371691 -331659 -331659 16026541 12243833 2078891 1703817 2915651 4195963 1230246 872142 4522465 2289993 133147 264520 339695 322952 390900 531280 85000537 23727829 62488271 61272708 31322963 32397018 10307273 12636476 4713662 4821811 118364273 119604863 1194843 1351399 466144 527473 4721878 3729733 225994 26995 6608859 5635600 X 70151275 70167453 5512941 6341640 36091198 37460170 111755414 113969263 118364273 119604863 X -3100828 5241683 72994 X 0 1 X 1 0 X 8729219 7662782 6995538 12613517 8348888 44349944 8729219 7662782 6995538 12613517 8348888 44349944 2899728 41450216 2411138 1969205 2162400 1572331 1642189 9757263 49187 234488 283675 47380 60439 211429 361504 60247 740999 55131881 15843086 0.75180 0.74180 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS 328275 ENERGY TAX CREDITS AND INCENTIVES 412724 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 5172 0 0 5172 0 EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: LOBBYING IN SUPPORT OF THE CREATIVE ADVOCACY NETWORK AND THE BALLOT INITIATIVE FOR THE ART EDUCATION AND ACCESS FUND. X X X X 0 46600920 1464069 5978345 2608501 51434833 47074398 4150878 -295529 4328827 46600920 41681519 130913 7614501 2352535 47074398 40014931 579734 4651684 3564830 41681519 49712673 1975000 -7251644 4421098 40014931 0.21930 0.70960 0.07110 1 0 4837854 3545955 8383809 70220668 18627605 51593063 448139 303614 144525 5947921 4796610 1151311 61272708 INTERESTS IN PRIVATE EQUITY PARTNERSHIPS 12636476 F 12636476 FMV OF INTEREST SWAP AGREEMENT 26995 26995 20277311 5241683 560685 72994 5875362 14401949 124562 -1600798 -1476236 12925713 18063462 560685 1600798 2161483 15901979 124562 124562 16026541 PART III, LINE 1A: THE MUSEUM'S COLLECTIONS COMPRISE MORE THAN 50,000 OBJECTS AND WORKS OF ART, INCLUDING WORKS OF EUROPEAN PAINTING AND SCULPTURE, AMERICAN PAINTING AND SCULPTURE, SILVER, ASIAN ART, NATIVE AMERICAN ART, PRE-COLUMBIAN ART, CAMEROON AND OTHER AFRICAN ART, CONTEMPORARY ART, SCULPTURE, PRINTS AND DRAWINGS, AND PHOTOGRAPHY. THE COLLECTIONS ARE MAINTAINED FOR PUBLIC EXHIBITION, EDUCATION, AND RESEARCH IN FURTHERANCE OF PUBLIC SERVICE, RATHER THAN FOR FINANCIAL GAIN. THE MUSEUM'S COLLECTIONS, ACQUIRED THROUGH PURCHASE AND DONATION, ARE NOT RECOGNIZED AS ASSETS IN THE ACCOMPANYING FINANCIAL STATEMENTS. PURCHASES OF COLLECTION ITEMS ARE RECORDED IN THE YEAR IN WHICH THE ITEMS WERE ACQUIRED AS DECREASES IN UNRESTRICTED OR TEMPORARILY RESTRICTED NET ASSETS, DEPENDING ON THE SOURCE OF THE ASSETS USED TO PURCHASE THE ITEMS AND WHETHER THOSE ASSETS WERE RESTRICTED BY DONORS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS. PURSUANT TO MUSEUM POLICY, PROCEEDS FROM THE SALE OF ART AND RELATED INSURANCE SETTLEMENTS ARE RECORDED AS TEMPORARILY RESTRICTED NET ASSETS FOR THE ACQUISITION OF WORKS OF ART. PART III, LINE 4: THE PERMANENT COLLECTION IS AT THE CORE OF THE MUSEUM'S MISSION TO COLLECT AND PRESERVE A VARIETY OF ART FOR THE ENRICHMENT OF PRESENT AND FUTURE GENERATIONS. DISPLAYED IN 112,000 SQUARE FEET OF GALLERIES, THE MUSEUM'S COLLECTION OF MORE THAN 50,000 OBJECTS REFLECTS THE HISTORY OF ART FROM ANCIENT TIMES TO TODAY. THE COLLECTION IS DISTINGUISHED FOR ITS HOLDINGS OF ARTS OF THE NATIVE PEOPLES OF NORTH AMERICA, ENGLISH SILVER, AND THE GRAPHIC ARTS. AN ACTIVE COLLECTING INSTITUTION, THE MUSEUM DEVOTES 90 PERCENT OF ITS GALLERIES TO THE PERMANENT COLLECTION. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE MUSEUM'S ENDOWMENTS ARE USED TO FUND CERTAIN CURATORIAL AND MANAGEMENT POSITIONS, TO PURCHASE, PRESERVE, AND DISPLAY SPECIFIC TYPES OF ART, TO SUPPORT EDUCATION AND NORTHWEST FILM CENTER ACTIVITIES AND FOR THE UNRESTRICTED SUPPORT OF OVERALL MUSEUM OPERATIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF SWAP AGREEMENT 72,994. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES -23,990. COST OF GOODS SOLD -570,053. RENTAL EXPENSES -1,006,755. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 23,990. COST OF GOODS SOLD 570,053. RENTAL EXPENSES 1,006,755. CENTRAL AMERICA AND THE CARIBBEAN - 0 0 INVESTMENT 2082111 0 0 0 0 0 0 2082111 0 2082111 0 0 1 1 0 0 X X X X X X X 1 COMNET MRKTG GROUP INC 1214 STOWE AVE MEDFORD OR 97501 PHONE SOLICITATION 0 81167 16692 64475 81167 16692 64475 OR NEW FOR THE WALL 198364 184664 13700 17110 6880 198364 184664 13700 17110 6880 23990 -10290 1 OREGON MEDIA ARTS FELLOWSHIP 2 10000 OREGON MEDIA ARTS FELLOWSHIPS ARE AWARDED FOR PAST CREATIVE WORK, THEREFORE THERE IS NO MONITORING ON HOW THE FUNDS ARE SPENT BY THE VARIOUS RECIPIENTS. X 0 1 X X X 0 0 0 0 0 0 0 1 0 BRIAN J FERRISO 295944 0 71275 0 155 0 25000 0 4923 0 397297 0 56667 0 GARETH A NEVITT 141326 0 7100 0 155 0 0 0 4644 0 153225 0 0 0 JS MAY 176342 0 7500 0 417 0 0 0 829 0 185088 0 0 0 PART I, LINE 1A MEMBERSHIP IN THE ARLINGTON BUSINESS CLUB AND UNIVERSITY CLUB ARE USED FOR ENTERTAINING AND BUSINESS DISCUSSIONS IN PORTLAND. PART I, LINE 1B THE EMPLOYMENT CONTRACT APPROVED BY THE BOARD OF TRUSTEES INCLUDES ARLINGTON AND UNIVERSITY CLUB BENEFIT INFORMATION. PART I, LINE 7 DISCRETIONARY BONUSES WERE AWARDED BECAUSE OPERATING RESULTS WERE BETTER THAN BUDGETED. SN INVESTMENT PROPERTIES COMPANY OWNED BY SON OF ARLENE SCHNITZER, TRUSTEE 166546 LEASING OF FACILITIES 0 X 1363 CURATORIAL JDGMENT X 208 STAFF PROF. JDGMENT X 45 544186 QUOTED PRICES X SUPPLIES 7 23176 DONOR VALUATION X EQUIPMENT 5 169487 DONOR VALUATION 14 0 1 1 METHOD FOR DETERMINING NUMBER OF CONTRIBUTIONS: PART I, COLUMN (B): THE NUMBER REPORTED IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. THIRD PARTY USE: PART I, LINE 32B: THE ORGANIZATION USES AN ART AUCTIONEERING FIRM TO SELL CONTRIBUTED ART THAT WILL NOT BE ADDED TO THE PERMANENT COLLECTION. NON REPORTING OF REVENUE: PART I, LINE 33: CONSISTENT WITH ITS ACCOUNTING POLICY RELATED TO CONTRIBUTED ART TO ITS ART COLLECTION, CONTRIBUTIONS OF COLLECTION ITEMS ARE NOT REPORTED AS REVENUES, AS DESCRIBED IN SCHEDULE D. FORM 990, PART VI, SECTION A, LINE 2 ARLENE SCHNITZER AND KATHLEEN LEWIS - FAMILY RELATIONSHIP WILLIAM AND HELEN JO WHITSELL - FAMILY RELATIONSHIP MELVIN MARK AND LINDA ANDREWS - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM BASED ON INFORMATION PROVIDED BY MUSEUM STAFF. THE RETURN IS THEN REVIEWED BY SENIOR MANAGEMENT AND REVIEWED AND APPROVED BY THE FINANCE COMMITTEE OF THE BOARD. A COPY OF THE RETURN IS THEN GIVEN TO ALL BOARD MEMBERS BEFORE BEING SUBMITTED. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY ANNUALLY AS PART OF THE BOARD ORIENTATION PROCESS. THE GOVERNANCE COMMITTEE OF THE BOARD OF TRUSTEES IS IN CHARGE OF MONITORING ALL POTENTIAL CONFLICT OF INTERESTS. IF A CONFLICT OF INTEREST ARISES, THE INTEREST OF THE TRUSTEE IS PUT ON RECORD, AND THE TRUSTEE WILL BE EXCUSED DURING THE DISCUSSION OF THE MATTER, AS WELL AS THE VOTING PROCESS. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE EXECUTIVE DIRECTOR WAS DETERMINED AT THE TIME OF INITIAL HIRING BY THE HIRING COMMITTEE, BASED ON INFORMATION PROVIDED BY AN OUTSIDE HR CONSULTING FIRM, AND REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES. SUBSEQUENT YEAR ADJUSTMENTS ARE BASED ON COMPARABILITY DATA, AND ARE APPROVED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE AS A DOWNLOADABLE PDF FILE ON THE MUSEUM'S WEBSITE OR IN HARD COPY UPON REQUEST. NO OTHER DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN FAIR MARKET VALUE OF INTEREST SWAP AGREEMENT 72,994.