2014-11-13T18:21:14-06:00 2013-12-31 132688836 ROGOFF AND COMPANY PC 355 LEXINGTON AVENUE 6TH FL NEW YORK NY 10017 990 2013-01-01 010263908 SKOWHEGAN SCHOOL OF PAINTING AND SCULPTURE INC SKOW 2125290505 136 WEST 22ND STREET NEW YORK NY 100112432 RICHARD T PRINS TREASURER 2125290505 2014-11-13 1 PAUL BRACE P01474547 2125575666 2013 2015-11-30 17:44:51Z X GREGORY K PALM 136 WEST 22ND STREET NEW YORK NY 100112432 3483494 0 X WWW.SKOWHEGANART.ORG X 1946 ME EDUCATIONAL 21 21 40 0 0 0 817831 1085106 461500 473146 1787690 735469 -100348 -47858 2966673 2245863 227700 236253 0 0 879357 923890 0 0 202345 770371 819979 1877428 1980122 1089245 265741 16638403 18783360 38726 59313 16599677 18724047 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 1312420 236253 473146 SCHOOL OF PAINTING AND SCULPTURE ATTENDED BY 65 STUDENTS 178281 0 0 SKOWHEGAN ALLIANCE AND ALUMNI ACTIVITIES INCLUDING PERFORMANCES, WORKSHOPS, AND EXHIBITIONS. 1490701 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 23 0 1 40 1 0 0 0 0 0 1 1 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 1 1 0 0 NY X SKOWHEGAN SCHOOL 2125290505 200 PARK AVENUE SOUTH NEW YORK NY 10003 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 LISA RICHARDS TRUSTEE 1.00 X 0 0 0 ROBERT F SHAPIRO TRUSTEE 1.00 X 0 0 0 LIBBIE J MASTERSON TRUSTEE 1.00 X 0 0 0 TONYA INGERSOL TRUSTEE 1.00 X 0 0 0 GEORGE W AHL III TRUSTEE 1.00 X 0 0 0 ALAN WANZENBERG TRUSTEE 10.00 X 0 0 0 MARIANNE BOESKY TRUSTEE 1.00 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 KATHERINE S SONNENBORN CO-DIRECTOR 40.00 X 119862 0 10202 SARAH F WORKNEH CO-DIRECTOR 40.00 X 109026 0 11440 228888 0 21642 2 0 0 0 0 474099 25000 586007 1085106 TUITION AND FEES 611600 473146 473146 473146 664713 664713 1114770 1044014 70756 70756 70756 66810 474099 187384 -120574 -120574 69575 6233 63342 63342 MISCELLANEOUS INCOME 900099 4724 4724 ACTIVITIES INCOME 900099 4650 4650 9374 2245863 473146 0 687611 236253 236253 252262 167137 39288 45837 532826 423077 50124 59625 18053 11669 2911 3473 45843 31931 6382 7530 74906 60380 6662 7864 5500 5500 19900 19900 50697 50697 97791 83771 7132 6888 179691 102604 35363 41724 58235 52043 1861 4331 21595 8097 13498 78964 76296 1224 1444 25650 23442 1013 1195 FOOD AND KITCHEN SUPPLI 58784 58784 EQUIPMENT RENTAL AND MA 57516 53842 1685 1989 EDUCATION MATERIAL & EX 30022 30022 PAYMENTS TO RETIREE 28172 28172 107462 71353 15664 20445 1980122 1490701 287076 202345 650 650 899532 305284 129964 87409 17927 43667 12144 13411 50312 58007 5719228 2314648 3032897 3404580 10914662 12911448 1563110 1941699 17205 17205 16638403 18783360 34076 54333 4650 4980 38726 59313 X 7703654 8638518 2094638 3234144 6801385 6851385 16599677 18724047 16638403 18783360 265741 1858629 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6801385 50000 1235380 236253 999127 6851385 6801385 0 1169749 227700 942049 6801385 6776385 25000 349380 349380 6801385 6574870 201515 727879 727879 6776385 6549870 25000 837758 837758 6574870 1.00000 0 0 711012 711012 4214442 1637799 2576643 60816 60816 0 369593 327378 42215 363365 288655 74710 3404580 ORCHID ASIA III FUNDS 980582 F TIGER GLOBAL CLASS C SERIES 1A FUND 961117 F 1941699 X 4004926 1858629 1858629 2146297 50697 48869 99566 2245863 1880556 187384 187384 1693172 50697 236253 286950 1980122 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, 2012, 2011, AND 2010 ARE PRESENTLY SUBJECT TO EXAMINATION BY THE TAXING AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE -187,384. SCHOLARSHIPS 236,253. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE 187,384. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 236,253. 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 $25,000 GRANT FROM NATIONAL ENDOWMENT FOR THE ARTS TO FUND SCHOLARSHIPS. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENT 1941699 0 0 0 0 0 0 1941699 0 1941699 0 0 0 0 1 0 ANNUAL AWARDS DINNER 540909 474099 66810 0 91311 1284 94789 540909 474099 66810 91311 1284 94789 187384 -120574 1 FULL AND PARTIAL FELLOWSHIP GRANTS 65 236253 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 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 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.