2013-04-15T16:32:30-05:00 2012-06-30 911194016 CLARK NUBER PS 10900 NE 4TH STREET SUITE 1700 BELLEVUE WA 98004 990 2011-07-01 910640788 SEATTLE ART MUSEUM SEAT 2066258900 1300 FIRST AVENUE SEATTLE WA 981012003 ROBERT CUNDALL 2066258900 2013-04-15 1 JANE M SEARING P00000565 4254544919 2013-04-12 2011 2016-03-07 17:11:31Z KIMERLY RORSCHACH 1300 FIRST AVENUE SEATTLE WA 981012003 72431491 0 X WWW.SEATTLEARTMUSEUM.ORG X 1917 WA TO PROMOTE AND CULTIVATE THE FINE ARTS. 69 66 338 639 309397 -105326 22083671 12249216 7007833 4242610 9461247 4677680 2165281 3345836 40718032 24515342 0 0 0 0 10361833 14119043 46825 111330 2482792 25669848 21195781 36078506 35426154 4639526 -10910812 285662864 266637368 25014893 25841315 260647971 240796053 X THE SEATTLE ART MUSEUM IS FORMED TO PROMOTE AND CULTIVATE THE VISUAL ARTS, PARTICULARLY FOCUSED ON ASIAN, AFRICAN, AMERICAN, CONTEMPORARY, DECORATIVE, EUROPEAN, MODERN, NATIVE AMERICAN, AND OCEANIC ART. TO THAT END, THE MUSEUM MAINTAINS ART ROOMS AND BUILDINGS, AN OUTDOOR SCULPTURE PARK, AND AN ART LIBRARY. IN THESE FACILITIES THE MUSEUM PROVIDES ART EDUCATION, EXHIBITS, PAINTINGS, SCULPTURES AND OTHER WORKS OF ART, PROVIDES LECTURES, AND GENERALLY FOSTERS ART IN ALL OF ITS BRANCHES. 0 0 21173594 5042721 MUSEUM SERVICES: PROVIDING A PUBLIC ART MUSEUM INCLUDING THE ACCESSION OF ART OBJECTS AS WELL AS PUBLIC ART EXHIBITIONS AND ART EDUCATION FOR THE GENERAL PUBLIC. MUSEUM PATRONS VISITED 866,340 TIMES THIS YEAR AT THREE DIFFERENT LOCATIONS- THE SEATTLE ART MUSEUM, THE SCULPTURE PARK AND THE ASIAN ART MUSEUM. 21173594 1 1 0 1 0 0 0 1 0 1 1 1 0 1 1 0 0 1 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 0 1 289 0 1 338 1 1 1 0 0 0 0 1 1 0 0 0 0 X 69 66 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 WA X ROBERT CUNDALL 2066258900 1300 FIRST AVENUE SEATTLE WA 98101 X CHARLES WRIGHT 1.00 X X 0 0 0 MAGGIE WALKER 1.00 X X 0 0 0 JON SHIRLEY 1.00 X X 0 0 0 SUSAN BROTMAN 1.00 X X 0 0 0 JOHN FRANK 1.00 X X 0 0 0 WINIFRED STRATTON 1.00 X X 0 0 0 ROBERT STRONG 1.00 X X 0 0 0 EVE ALVORD 1.00 X 0 0 0 FRANK BAYLEY 1.00 X 0 0 0 WATSON BLAIR 1.00 X 0 0 0 JEFF BROTMAN 1.00 X 0 0 0 CLIFF BURROWS 1.00 X 0 0 0 MICHAEL CORLISS 1.00 X 0 0 0 COLETTE COURTION 1.00 X 0 0 0 BARNEY EBSWORTH 1.00 X 0 0 0 PAMELA EBSWORTH 1.00 X 0 0 0 SHEILA EDWARDS LANGE 1.00 X 0 0 0 ALEX FRIEDMAN 1.00 X 0 0 0 DANIEL FRIEDMAND 1.00 X 0 0 0 JOSE GAITAN 1.00 X 0 0 0 GARY GLANT 1.00 X 0 0 0 MARK GROUDINE 1.00 X 0 0 0 LYN GRINSTEIN 1.00 X 0 0 0 JOYCE HALLDORSON 1.00 X 0 0 0 AYA HAMILTON 1.00 X 0 0 0 BETTY HEDREEN 1.00 X 0 0 0 SUSAN HUTCHISON 1.00 X 0 0 0 PHILIP ISLES 1.00 X 0 0 0 HENRY JAMES 1.00 X 0 0 0 ROBERT KAPLAN 1.00 X 0 0 0 SYLVIA KETCHAM 1.00 X 0 0 0 LINDA KILLINGER 1.00 X 0 0 0 TOM KUNDIG 1.00 X 0 0 0 AFSHAN LAKHA 1.00 X 0 0 0 STEWART LANDEFELD 1.00 X 0 0 0 CHARLENE LEE 1.00 X 0 0 0 CARLA LEWIS 1.00 X 0 0 0 KEITH LOVELESS 1.00 X 0 0 0 SANDRA MADRID 1.00 X 0 0 0 GWEN MCCAW 1.00 X 0 0 0 HERMAN MCKINNEY 1.00 X 0 0 0 HEATHER MCQUARRIE 1.00 X 0 0 0 JOHN MOGA 1.00 X 0 0 0 SCOTT MORRIS 1.00 X 0 0 0 CHRISTINE NICOLOV 1.00 X 0 0 0 CHARLES NOLAN 1.00 X 0 0 0 DOUG NORBERG 1.00 X 0 0 0 SALLY B NORDSTROM 1.00 X 0 0 0 DENNIS O'DONOGHUE 1.00 X 0 0 0 MICHAEL PARHAM 1.00 X 0 0 0 LAURA PETERSON 1.00 X 0 0 0 TIM PUNKE 1.00 X 0 0 0 BROOKS G RAGEN 1.00 X 0 0 0 SCOTT REDMAN 1.00 X 0 0 0 CONSTANCE W RICE 1.00 X 0 0 0 KIM RICHTER 1.00 X 0 0 0 ELIZABETH ROBERTS 1.00 X 0 0 0 LISA ROLFE 1.00 X 0 0 0 STERLING SANKEY 1.00 X 0 0 0 FAYE SARKOWSKY 1.00 X 0 0 0 STANLEY SAVAGE 1.00 X 0 0 0 ROBERTA SHERMAN 1.00 X 0 0 0 GURSHARAN SIDHU 1.00 X 0 0 0 PRESTON SINGLETARY 1.00 X 0 0 0 GREG SMITH 1.00 X 0 0 0 RUTH TAIT DOMAN 1.00 X 0 0 0 INA TATEUCHI 1.00 X 0 0 0 ANDREA THORESON 1.00 X 0 0 0 GERRY TSUTAKAWA 1.00 X 0 0 0 BRIAN WINEKE 1.00 X 0 0 0 CURTIS WONG 1.00 X 0 0 0 VIRGINIA WRIGHT 1.00 X 0 0 0 ANN P WYCKOFF 1.00 X 0 0 0 MARTHA WYCKOFF 1.00 X 0 0 0 MARGARET ALLISON 1.00 X 0 0 0 VICKI GRIFFIN 1.00 X 0 0 0 JANET KETCHAM 1.00 X 0 0 0 NAJMA LALJI 1.00 X 0 0 0 LINDA NORDSTROM 1.00 X 0 0 0 WALTER BEAUMONT 1.00 X 0 0 0 ELIZABETH GESSEL 1.00 X 0 0 0 ROBERT CUNDALL 40.00 X 226091 0 25015 MARYANN JORDAN 40.00 X 173409 0 21107 CHIYO ISHIKAWA 40.00 X 104374 0 14045 JENNIFER AYDELOTT 40.00 X 109560 0 14254 NICHOLAS DORMAN 40.00 X 101248 0 13713 DERRICK CARTWRIGHT 0.00 X 448928 0 9747 1163610 0 97881 6 1 1 0 SELLEN CONSTRUCTION PO BOX 9970 SEATTLE WA 98109 CONSTRUCTION 848768 GUARDSMARK FILE 6498 LOS ANGELES CA 90074 SECURITY 600599 BON APPETIT FILE 50196 LOS ANGELES CA 90074 CATERING 290073 LEASE CRUTCHER LEWIS 107 SPRING STREET SEATTLE WA 98104 CONSTRUCTION 188396 CONVERGINT TECHNOLOGIES LLC 35257 EAGLE WAY CHICAGO IL 60678 ENGINEERING 176508 8 447253 4897027 438145 294013 403865 5768913 526445 12249216 ADMISSIONS 900099 3167123 3167123 EDUCATIONAL PROGRAMS 900099 627132 627132 MEMBERSHIP DUES 900099 422730 422730 PUBLICATIONS 900099 25625 25625 4242610 1830526 5697 1824829 23356 23356 5538720 3481794 2056926 2056926 2056926 46048421 8099 43209366 0 2839055 8099 2847154 2847154 260270 438145 274340 -14070 -14070 1750760 950649 800111 582842 217269 REFUNDS 900099 173992 173992 CATERING 722320 148214 72743 75471 PARKING GARAGE 812930 54751 13688 41063 102556 102556 479513 24515342 4825452 309397 7131277 879063 458676 225871 194516 7879941 6076070 1123546 680325 3822168 2882370 570617 369181 756833 580809 102448 73576 781038 597338 110081 73619 41743 4611 37132 93753 93753 2000 2000 111330 111330 361844 361844 2404382 2293204 111178 655966 601946 2040 51980 2464953 1621028 206593 637332 56529 494 56035 6468430 1932886 4533572 1972 471047 446074 99 24874 209392 209392 3821856 218573 3603283 758891 305710 453181 ART ACCESSION 1927759 1927759 EXHIBITIONS 1074818 1036365 13634 24819 CATERING 294470 156049 10331 128090 TAXES AND LICENSES 77747 23431 54316 10201 10201 35426154 21173594 11769768 2482792 7395845 6271402 13769920 3234946 13506929 7191077 790397 1198682 1247067 1300192 1037238 1447481 160147813 32570256 132255622 127577557 50965533 53549673 38884113 38435687 674643 643977 25135557 25786694 285662864 266637368 1500283 1991197 1306607 1277219 11600000 8500000 6357354 8055240 4250649 6017659 25014893 25841315 X 22992907 16272216 130980535 117673298 106674529 106850539 260647971 240796053 285662864 266637368 X -10910812 -8941106 X 0 1 1 X 0 X 23168710 46140031 10703035 22083671 12333148 114428595 23168710 46140031 10703035 22083671 12333148 114428595 29488555 84940040 1579893 3686521 2116632 6210290 7386905 20980241 898917 117753 1016670 84214 105867 183354 317611 691046 137116552 31629695 0.61950 0.64290 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: PARKING GARAGE REIMBURSEMENTS MISCELLANEOUS RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 3504 3504 3504 3504 40720417 41032799 40723921 41036303 1000000 1000000 250000 250000 0 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 30850 12000 30015 3504 76369 250000 250000 250000 250000 1000000 1500000 25000 25000 X X X X 0 101789571 786654 -3262209 5064760 361844 93887412 91480040 655516 17676244 7816621 205608 101789571 86577476 541100 8778953 4148502 268987 91480040 98622252 12119502 -19212821 4734367 217090 86577476 1.00000 0 0 17797741 17797741 68161665 10247574 57914091 22720471 2916605 19803866 12797260 9066829 3730431 38670676 10339248 28331428 127577557 PRIVATE EQUITY 3212633 C MARKETABLE ALTERNATIVES 21242740 C REAL ASSETS 13980314 C 38435687 PREPAID LEASES 650998 INCENTIVE TO LESSEE 7437795 DEFERRED FACILITY RENTAL 7959835 FUNDS HELD IN TRUST BY OTHERS 9738066 25786694 PENSION LIABILITY 5142404 LIABILITY ON EXISTING LEASES ASSUMED 875255 6017659 PART III, LINE 1A: ART OBJECTS ARE EXPENSED WHEN PURCHASED AND THEREFORE NOT SHOWN AS ASSETS ON THE BALANCE SHEET. ART OBJECTS PLEDGED OR DONATED TO THE MUSEUM ARE NOT RECORDED FOR FINANCIAL ACCOUNTING PURPOSES AND, ACCORDINGLY, ARE NOT INCLUDED AS CONTRIBUTED REVENUE IN THE STATEMENT OF ACTIVITIES OR AS RECEIVABLE ON THE BALANCE SHEET. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED IN THE STATEMENT OF ACTIVITIES BASED ON THE EXISTENCE AND NATURE OF DONOR-IMPOSED RESTRICTIONS. PART III, LINE 4: THE MUSEUM'S COLLECTION OF PAINTINGS, SCULPTURES AND OTHER WORKS OF ART PROMOTE AND CULTIVATE THE FINE ARTS THROUGH PUBLIC EXHIBITION, EDUCATIONAL PROGRAMMING AND SCHOLARLY RESEARCH. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: TO SUPPORT EXHIBITIONS, ART EDUCATION, ART ACQUISITIONS AND GENERAL OPERATIONS. X X X X X X X 1 LUKENS COMPANY 2800 SHIRLINGTON ROAD 9TH FLOOR ARLINGTON VA 22206 DIRECT MAIL, ONLINE AND EMAIL MEMBERSHIP CAMPAIGNS 0 2083654 46000 2037654 DONOR SERVICES GROUP 6715 SUNSET BLVD LOS ANGELES CA 90028 TELEMARKETING 0 156480 65330 91150 2240134 111330 2128804 WA PARTY IN THE PARK 337600 200600 137000 110606 63336 DESIGNER PREVIEW 150015 95915 54100 1758 8637 4 210800 141630 69170 66247 23756 698415 438145 260270 178611 95729 274340 -14070 X X 1 0 0 0 0 0 0 0 0 ROBERT CUNDALL 226091 0 0 0 0 0 20361 0 4654 0 251106 0 0 0 MARYANN JORDAN 173409 0 0 0 0 0 16420 0 4687 0 194516 0 0 0 DERRICK CARTWRIGHT 0 0 0 0 448928 0 7207 0 2540 0 458675 0 0 0 PART I, LINE 4A DERRICK CARTWRIGHT, FORMER EXECUTIVE DIRECTOR, RECEIVED A SEVERANCE PAYMENT PER THE CONDITIONS OF HIS EMPLOYMENT CONTRACT. WA STATE HOUSING FINANCE COMMISSION 911874730 93978LCQ7 2005-10-06 50000000 MUSEUM EXPANSION & CONSTRUCTION 0 0 0 41500000 51569678 448088 325812 50795778 2007 0 0 1 1 0 0 1 1 0 0.00000 0.00000 0.00000 1 0 1 0 1 TRANSAMERICA 1.100000000000 1 0 0 JEFFREY AND SUSAN BROTMAN TRUSTEE 49851 GIFT CARD PURCHASE-JEFFREY BROTMAN, BOARD MEMBER FOR SEATTLE ART MUSEUM, IS THE CHAIRMAN OF COSTCO WHOLESALE CORPORATION. SEATTLE ART MUSEUM SOLD MUSEUM GIFT CARDS TO COSTCO WHOLESALE CORPORATION. 0 JEFFREY AND SUSAN BROTMAN TRUSTEE 18089 PURCHASE OF GOODS-JEFFREY BROTMAN, BOARD MEMBER FOR SEATTLE ART MUSEUM, IS THE CHAIRMAN OF COSTCO WHOLESALE CORPORATION. SEATTLE ART MUSEUM PURCHASED GOODS FROM COSTCO WHOLESALE CORPORATION. 0 STANLEY SAVAGE TRUSTEE 134792 LINE OF CREDIT-STANLEY SAVAGE, BOARD MEMBER FOR SEATTLE ART MUSEUM, IS THE PRESIDENT AND CEO OF THE COMMERCE BANK OF WASHINGTON (THE "BANK"). SEATTLE ART MUSEUM MAINTAINS A LINE OF CREDIT WITH THE COMMERCE BANK OF WASHINGTON WITH A BALANCE OF $1,875,000. THE TERMS OF THE LINE OF CREDIT ARE SUBSTANTIALLY SIMILAR TO TERMS OFFERED TO OTHER BANK CUSTOMERS. THE AMOUNT PAID DURING THE YEAR REPRESENTS INTEREST EXPENSE ON THE LINE OF CREDIT. 0 X 70 N/A X 1 N/A X 36 526445 FMV X 36 N/A 7 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. NON REPORTING OF REVENUE: PART I, LINE 33: NO REVENUE REPORTED PER SFAS 116. GIFTS OF ART AND BOOKS TO THE MUSEUM'S SPECIAL COLLECTION ARE NOT CAPITALIZED OR RECORDED FOR FINANCIAL ACCOUNTING PURPOSES AND, ACCORDINGLY, ARE NOT INCLUDED AS CONTRIBUTED REVENUE IN THE STATEMENT OF ACTIVITIES OR AS RECEIVABLES ON THE BALANCE SHEET. FORM 990, PART I, LINE 6: VOLUNTEERS PROVIDE CUSTOMER SERVICE, SUPPORTING ADMINISTRATIVE TASKS AND WORK WITH SPECIFIC AUDIENCES TO FACILITATE ART EXPERIENCES. ALL BOARD MEMBERS ARE ALSO VOLUNTEERS. FORM 990, PART VI, SECTION A, LINE 2 ROBERT STRONG AND BROOKS RAGEN HAVE A BUSINESS RELATIONSHIP. SUSAN BROTMAN AND JEFFREY BROTMAN HAVE A FAMILY RELATIONSHIP. VICKI GRIFFIN AND ANDREA THORESON HAVE A FAMILY RELATIONSHIP. VIRGINIA WRIGHT AND CHARLES WRIGHT HAVE A FAMILY RELATIONSHIP. ANN WYCKOFF AND MARTHA WYCKOFF HAVE A FAMILY RELATIONSHIP. JANET KETCHAM AND SYLVIA KETCHAM HAVE A FAMILY RELATIONSHIP. LINDA NORDSTROM AND SALLY NORDSTROM HAVE A FAMILY RELATIONSHIP. BROOKS RAGEN AND JON SHIRLEY HAVE A BUSINESS RELATIONSHIP. MICHAEL CORLISS AND DOUG NORBERG HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 THE MUSEUM'S BOARD HAS ENTRUSTED THE AUDIT COMMITTEE WITH REVIEWING THE DRAFT FORM 990 IN DETAIL. THE AUDIT COMMITTEE MAKES RECOMMENDATIONS FOR CHANGES OR APPROVAL TO THE WHOLE BOARD. THE ENTIRE BOARD VOTES TO APPROVE THE 990 BEFORE IT IS FILED WITH THE IRS. DUE TO THE SIZE AND COMPLEXITY OF THE ORGANIZATION'S BOARD, A COPY OF THE RETURN IS NOT PROVIDED TO EACH BOARD MEMBER BEFORE FILING; HOWEVER, EACH BOARD MEMBER IS NOTIFIED THAT HE OR SHE CAN REVIEW A COPY OF THE RETURN IF INTERESTED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY APPLIES TO STAFF AND VOLUNTEERS. A DETERMINATION OF WHETHER A CONFLICT OF INTEREST EXISTS IS MADE BY THE BOARD'S EXECUTIVE COMMITTEE IN CONJUNCTION WITH THE MUSEUM'S SENIOR MANAGEMENT TEAM. WHEN AN ACTUAL CONFLICT IS DETERMINED TO EXIST, THE SPECIFICS OF THE CONFLICT ARE REVIEWED BY THE EXECUTIVE COMMITTEE OR SENIOR MANAGEMENT TEAM. ANYONE WITH A CONFLICT OF INTEREST MUST RECUSE THEMSELVES FROM DISCUSSION AND THE DECISION MAKING PROCESS IN WHATEVER CAPACITY THEY MAY HAVE AUTHORITY OVER THE DECISION. IF THE CONFLICTED INDIVIDUAL IS A VOTING MEMBER OF THE BOARD, THEY WILL RECUSE THEMSELVES FROM DISCUSSION AND VOTING ON MATTERS WHERE THEY ARE CONFLICTED. FORM 990, PART VI, SECTION B, LINE 15 THE MUSEUM'S COMPENSATION COMMITTEE, A SUBSET OF THE BOARD OF DIRECTORS, IS RESPONSIBLE FOR THE SETTING OF AND ANNUAL REVIEW OF THE EXECUTIVE DIRECTOR'S COMPENSATION. THE ANNUAL BUDGET INCLUDING THIS ARRANGEMENT IS THEN APPROVED BY THE ENTIRE BOARD BASED ON RECOMMENDATIONS FROM THE EXECUTIVE COMMITTEE. THERE IS CONTEMPORANEOUS SUBSTANTIATION OF THIS DELIBERATION AND DECISION. GENERALLY, THE EXECUTIVE DIRECTOR IN CONJUNCTION WITH BOARD OFFICERS DETERMINE THE SALARY FOR THE CHIEF OPERATING OFFICER AND VICE DIRECTOR. DURING FISCAL YEAR 2012, HOWEVER, THERE WERE THREE BOARD MEMEBERS WHO WERE ACTING AS THE INTERIM EXECUTIVE DIRECTORS AND WERE RESPONSIBLE FOR REVIEWING AND SETTING THE CHIEF OPERATING OFFICER'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, SECTION A, COLUMN (B) THE ESTIMATED AVERAGE HOURS PER WEEK DEVOTED BY THE FOLLOWING INDIVIDUALS TO RELATED ORGANIZATIONS ARE AS LISTED: ROBERT CUNDALL CHIEF OPERATING OFFICER 1 HOUR CHARLES WRIGHT CHAIRMAN 1 HOUR SUSAN BROTMAN VICE PRESIDENT 1 HOUR JOHN FRANK VICE PRESIDENT 1 HOUR JON SHIRLEY VICE PRESIDENT 1 HOUR WINIFRED STRATTON SECRETARY 1 HOUR ROBERT STRONG TREASURER 1 HOUR CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -8,019,331. LOSS ON PLEDGES -921,775. TOTAL TO FORM 990, PART XI, LINE 5: -8,941,106. SEATTLE ART MUSEUM FOUNDATION 1300 FIRST AVENUE SEATTLE WA 98101 911564155 MAINTAINS ENDOWMENT ASSETS WA 501(C)(3) 11B SEATTLE ART MUSEUM 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 SEATTLE ART MUSUEM FOUNDATION C 294013 CASH VALUE NAME: SEATTLE ART MUSEUM FOUNDATIONADDRESS: 1300 FIRST AVENUE SEATTLE, WA 98101-2003EIN: 91-1564155LOBBYING EXPENSE FOR 6/30/12: NONETOTAL EXPENSES FOR 6/30/12: $312,382