2013-05-13T13:15:43-05:00 2012-06-30 GARY MCGEE & CO LLP 808 SW THIRD AVENUE SUITE 700 PORTLAND OR 97204 990 2011-07-01 930391604 PORTLAND ART MUSEUM PORT 5032262811 1219 SW PARK AVENUE PORTLAND OR 972052430 GARETH NEVITT 5032262811 2013-05-13 1 GARY MCGEE P00743279 5032222515 2011 2016-02-25 16:41:14Z BRIAN FERRISO 1219 SW PARK AVENUE PORTLAND OR 972052430 19507768 0 X WWW.PORTLANDARTMUSEUM.ORG X 1892 OR COLLECTION AND PRESERVATION OF ART FOR PUBLIC EXHIBITION. 48 48 297 935 49187 -32003 6995538 12613517 1983744 2735007 666041 906308 1608079 1665820 11253402 17920652 15000 15000 0 0 6496483 7108827 17737 18907 1611612 7289458 7875634 13818678 15018368 -2565276 2902284 119815462 118364273 10018318 6608859 109797144 111755414 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 9760944 2775572 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 2012 WERE: ALLURE OF THE AUTOMOBILE, MARK ROTHKO, JOHN FRAME, AND ELLSWORTH KELLY. 1145889 15000 862232 THE MUSEUM'S NORTHWEST FILM CENTER CONDUCTS AN ACTIVE FILM AND VIDEO EXHIBITION PROGRAM, 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, MORE THAN 10,000 STUDENTS WERE IMPACTED BY OUR PROGRAMS, EITHER BY DIRECT INSTRUCTION OR THROUGH PUBLIC PROGRAMS. 511362 16913 MUSEUM EDUCATION PROGRAMS AIM TO BROADEN AND DEEPEN ACCESS TO EXHIBITIONS AND COLLECTIONS, AND TO FACILITATE VISITORS' LEARNING ABOUT ART BOTH ON AND OFFSITE. MORE THAN 20,000 STUDENTS AND TEACHERS TOURED THROUGH EXHIBITIONS AND THE COLLECTIONS DURING THE 2011-2012 SCHOOL YEAR. THE MUSEUM ALSO MADE AVAILABLE AN IPOD-BASED MULTIMEDIA TOUR OF THE PERMANENT COLLECTION AND SELECT EXHIBITIONS FREE TO ALL VISITORS, PRESENTED MORE THAN 20 PUBLIC LECTURES AND SYMPOSIA, AND OFFERED FREE FAMILY DAYS FOR MORE THAN 7,000 VISITORS CUMULATIVELY. 11418195 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 0 1 1 0 0 0 0 0 0 0 0 1 187 0 297 1 1 1 0 0 0 0 1 1 0 0 0 0 X 48 48 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 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 FRED W FIELDS 1.00 X 0 0 0 MARK C FRANDSEN 1.00 X 0 0 0 STAN GEFFEN 1.00 X 0 0 0 PATRICK J GREEN 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 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 DON PEARSON 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 BRIAN RICE 1.00 X 0 0 0 H PAT RITZ 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 JOE VOBORIL 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 346239 0 61424 GARETH A NEVITT 35.00 X 138643 0 4503 JS MAY 35.00 X 172692 0 834 BRUCE GUENTHER 35.00 X 132670 0 4678 790244 0 71439 4 0 1 0 0 2971411 47875 92000 9502231 1940613 12613517 ADMISSIONS 900099 1887748 1887748 TUITION AND FEES 611600 380250 380250 OTHER PROGRAM FEES 900099 265745 265745 RENTAL SALES GALLERY 453000 201264 201264 2735007 906308 906308 1195308 212168 702929 166697 492379 45471 537850 -128173 666023 88572 47875 57672 30900 30900 1395384 659818 735566 558206 177360 MISCELLANEOUS 900099 361504 361504 361504 17920652 3654717 49187 1603231 15000 15000 701460 92346 339614 269500 5415231 4187899 627927 599405 2331 1620 529 182 505934 390711 58437 56786 483871 362222 64652 56997 9970 6643 2625 702 60628 60628 18907 18907 108369 108369 639709 372999 168249 98461 501035 427398 26579 47058 1429518 1088375 142119 199024 77616 44936 26042 6638 899349 751372 140721 7256 213902 190758 15065 8079 14545 7532 4731 2282 286058 286058 1622706 1233000 370598 19108 217696 144019 73677 OTHER 1068634 734369 190216 144049 ART & EXHIBITIONS COSTS 778899 778899 EVENT EXPENSES 278635 195466 5991 77178 ALLOCATIONS 0 392631 -392631 -331635 -331635 15018368 11418195 1988561 1611612 2759972 2915651 3443293 1230246 4922454 4522465 302720 133147 298193 339695 228247 390900 84655634 22167363 63595660 62488271 29286633 31322963 9892982 10307273 5085308 4713662 119815462 118364273 1196452 1194843 464467 466144 8154735 4721878 202664 225994 10018318 6608859 X 70729921 70151275 6926735 5512941 32140488 36091198 109797144 111755414 119815462 118364273 X 2902284 -944014 X 0 1 1 X 0 X 13036544 8729219 7662782 6995538 12613517 49037600 13036544 8729219 7662782 6995538 12613517 49037600 4289781 44747819 2383250 2411138 1969205 2162400 1572331 10498324 11500 49187 60687 49734 47380 60439 211429 361504 730486 60327097 16909280 0.74180 0.75770 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS ($317,762) ENERGY TAX CREDITS AND INCENTIVES ($412,724) RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 2345 0 0 2345 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 47074398 4150878 -295529 4328827 46600920 41681519 130913 7614501 2352535 47074398 40014931 579734 4651684 3564830 41681519 49712673 1975000 -7251644 4421098 40014931 0.21970 0.73590 0.04440 1 0 4837854 3545955 8383809 70131259 17225453 52905806 414795 345804 68991 5725771 4596106 1129665 62488271 INTERESTS IN PRIVATE EQUITY PARTNERSHIPS 10307273 F 10307273 FMV OF INTEREST SWAP AGREEMENT 99989 ACCRUALS FOR TENANTS IMPROVEMENTS 126005 225994 17920652 15018368 2902284 -1046688 102674 -944014 1958270 19101718 -1046688 646333 102674 -297681 19399399 108369 -1587116 -1478747 17920652 17143448 646333 1587116 2233449 14909999 108369 108369 15018368 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 8 - OTHER ADJUSTMENTS: CHANGE IN FAIR MARKET VALUE OF INTEREST SWAP AGREEMENT 102,674. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR MARKET VALUE OF INTEREST SWAP AGREEMENT 102,674. PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES -57,672. COST OF GOODS SOLD -659,818. RENTAL EXPENSES -869,626. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 57,672. COST OF GOODS SOLD 659,818. RENTAL EXPENSES 869,626. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENT 1910164 0 0 0 0 0 0 1910164 0 1910164 0 0 1 1 0 0 X 1 COMNET MRKTG GROUP INC 1214 STOWE AVE MEDFORD OR 97501 PHONE SOLICITATION 0 75913 18907 57006 75913 18907 57006 OR NWFC GALA 136447 47875 88572 5354 29126 23192 136447 47875 88572 5354 29126 23192 57672 30900 1 OREGON MEDIA ARTS FELLOWSHIP 1 15000 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 0 0 BRIAN J FERRISO 288733 0 57400 0 106 0 56667 0 4757 0 407663 0 57400 0 JS MAY 172586 0 0 0 106 0 0 0 834 0 173526 0 0 0 PART I, LINE 1A 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. X 825 CURATORIAL JDGMENT X 8086 STAFF PROF. JDGMENT X 41 1839970 QUOTED PRICES X AUCTION ITEMS 105 30385 DONOR VALUATION X RAFFLE PRIZES 7 2531 DONOR VALUATION X SUPPLIES 6 23485 DONOR VALUATION X EQUIPMENT 3 36156 DONOR VALUATION 12 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): THE NUMBER REPORTED IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. NON REPORTING OF REVENUE: PART I, LINE 33: CONSISTENT WITH ITS ACCOUNTING POLICY RELATED TO CONTRIBUTED ART TO ITS ART COLLECTION, AS DESCRIBED IN SCHEDULE D, CONTRIBUTIONS OF COLLECTION ITEMS ARE NOT REPORTED AS REVENUES. 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 DIRECTORS 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 DIRECTORS. SUBSEQUENT YEAR ADJUSTMENTS ARE BASED ON COMPARABILITY DATA, AND ARE APPROVED BY THE BOARD OF DIRECTORS. 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 5: NET UNREALIZED LOSSES ON INVESTMENTS: -1,046,688. CHANGE IN FAIR MARKET VALUE OF INTEREST SWAP AGREEMENT 102,674. TOTAL TO FORM 990, PART XI, LINE 5: -944,014.