2013-01-28T14:37:00-06:00 2012-06-30 650761640 MORGAN JACOBY THURN BOYLE & ASSOC PA 700 20TH ST VERO BEACH FL 32960 990 2011-07-01 591867408 VERO BEACH MUSEUM OF ART INC VERO 7722310707 3001 RIVERSIDE PARK DRIVE VERO BEACH FL 32963 LUCINDA GEDEON 7722310707 2013-01-25 1 CASPER J JACOBY P00243033 7725624158 2011 2016-02-25 16:41:14Z LUCINDA GEDEON 3001 RIVERSIDE PARK DRIVE VERO BEACH FL 32963 5328320 0 X WWW.VEROBEACHMUSEUM.ORG X 1978 FL THE VERO BEACH MUSEUM OF ART PROVIDES CULTURAL LEADERSHIP AND ENRICHMENT FOR THE PUBLIC THROUGH A WIDE VARIETY OF EDUCATIONAL, STUDIO ART AND HUMANITIES PROGRAMS; A DIVERSITY OF QUALITY EXHIBITIONS; AND THE COLLECTION, PRESERVATION AND PRESENTATION OF IMPORTANT AMERICAN AND INTERNATIONAL WORKS OF ART. 27 27 0 245 -9339 -9339 3201929 3781638 516425 505562 1958030 415055 581418 270822 6257802 4973077 0 0 0 0 1911071 2037697 0 0 601527 2239753 2467662 4150824 4505359 2106978 467718 28519340 33355141 549457 4924296 27969883 28430845 X THE VERO BEACH MUSEUM OF ART PROVIDES CULTURAL LEADERSHIP AND ENRICHMENT FOR THE PUBLIC THROUGH A WIDE VARIETY OF EDUCATIONAL, STUDIO ART AND HUMANITIES PROGRAMS; A DIVERSITY OF QUALITY EXHIBITIONS; AND THE COLLECTION, PRESERVATION AND PRESENTATION OF IMPORTANT AMERICAN AND INTERNATIONAL WORKS OF ART. 0 0 1735351 100859 EXHIBITIONS & COLLECTIONS - THE MUSEUM PROVIDES CULTURAL ENRICHMENT FOR THE PUBLIC THROUGH TEMPORARY ART EXHIBITIONS, EXPLORATION IN THE HUMANITIES, PROFESSIONAL STUDIO AND CLASSROOM INSTRUCTION FOR ALL AGES, AND A PERMANENT ART COLLECTION. NEW PROGRAMS, SUPPORTED BY MARKETING STRATEGIES TO REACH NEW AUDIENCES ARE CREATED TO ENCOURAGE INCREASED PARTICIPATION. EXHIBITIONS PRESENTED DURING 2011-2012 INCLUDED: HOLMES GALLERY - IN THE TRADITION OF WYETH: CONTEMPORARY WATERCOLOR MASTERS (ATTENDANCE 6,795)AND BEYOND REALITY: HYPERREALISM AND AMERICAN CULTURE (ATTENDANCE 9,936); SCHUMANN GALLERY - AGAINST THE GRAIN: WOOD SCULPTURE BY ROBERT F. LYON (ATTENDANCE 4,561) AND CYCLE OF CHANGE: TOM NAKASHIMA'S TREEPILE PAINTING (ATTENDANCE 11,992); STARK GALLERY - INSPIRED BY NATURE: CELEBRATING THE BEAUTY & COMPLEXITY OF TREES (ATTENDANCE 6,872) AND STEPHEN KNAPP: LIGHTPAINTINGS (ATTENDANCE 12,268); BECKWITH SCULPTURE PARK - CELEBRATING 25 YEARS: SCULPTURE FROM THE PERMANENT COLLECTION (ATTENDANCE 1,067) AND MATTHEW GELLAR: WOOZY BLOSSOM (ATTENDANCE 9,292); AND ATRIUM - FORM, COLOR, LIGHT: CAST GLASS BY RICK BECK (ATTENDANCE 321). 811384 412091 EDUCATION - THE MUSEUM OFFERS VARIOUS EDUCATIONAL ACTIVITIES AND EVENTS TO THE GENERAL PUBLIC, INCLUDING ART CLASSES, FILM APPRECIATION CLASSES, LECTURES AND SEMINARS, PROGRAMS, WORKSHOPS, AND REFERENCE LIBRARY. DURING THE YEAR SEVERAL CLASSES AND WORKSHOPS WERE HELD, AS WELL AS A SUMMER ART CAMP, WITH TOTAL ENROLLMENT/ATTENDANCE OF 2,119. IN ADDITION, LECTURES, SEMINARS, OPERA STUDIES, AND FILM SERIES WERE HELD, WITH TOTAL ATTENDANCE OF 4,249. DURING THE YEAR VARIOUS SCHOOL PROGRAMS, ADULT PUBLIC PROGRAMS, AND COMMUNITY PARTNERSHIP OUTREACH PROGRAMS WERE HELD WITH A TOTAL ATTENDANCE OF PARTICIPANTS 10,390. 2546735 1 1 0 0 0 0 0 1 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 26 0 0 1 1 0 0 0 0 1 1 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X CARIDAD WEBER 7722310707 3001 RIVERSIDE PARK DRIVE VERO BEACH FL 32963 HENRY G STIFEL 1.00 X 0 0 0 SANDRA L ROLF 1.00 X 0 0 0 CAROL COXHEAD 1.00 X 0 0 0 PETER M THOMPSON 1.00 X X 0 0 0 TERYL T VINER 1.00 X 0 0 0 GEORGIA E WELLES 1.00 X 0 0 0 THEODORE BERGHORST 1.00 X X 0 0 0 HANNS A PIELENZ 1.00 X 0 0 0 JUDITH P SCHNEEBECK 1.00 X 0 0 0 KIM C ANDERSON 1.00 X 0 0 0 GEORGE D HIGGS 1.00 X 0 0 0 JOAN M LAHEY 1.00 X 0 0 0 ALICE S BECKWITH 1.00 X X 0 0 0 BERNARD H KASTORY 1.00 X X 0 0 0 SCOTT E ALEXANDER 1.00 X 0 0 0 JANET A HOFFMAN 1.00 X 0 0 0 JOHN C MCCORD 1.00 X 0 0 0 DOUGLAS T TANSILL 1.00 X 0 0 0 FREDERICK B TAYLOR 1.00 X 0 0 0 HERBERT F ASPBURY 1.00 X 0 0 0 JAMES H CARNEY II 1.00 X 0 0 0 STEPHEN C COLEY 1.00 X 0 0 0 SUSAN DOBBS 1.00 X 0 0 0 LAURA A FRICK 1.00 X 0 0 0 BARBARA REGAN 1.00 X 0 0 0 GERALD SEDAM II 1.00 X 0 0 0 EMILT REEVES TREMML 1.00 X 0 0 0 LUCINDA GEDEON 40.00 X 209090 0 15989 CARIDAD WEBER 40.00 X 55825 0 14247 ROBYN ORZEL 40.00 X 117666 0 16675 382581 0 46911 2 0 1 0 0 17352 3764286 206902 3781638 ART SCHOOL TUITION 611600 412091 412091 ADMISSIONS & FEES 713990 80603 80603 OTHER PROGRAM SERVICE 713990 10568 10568 EXHIBITION RENTALS 713990 2300 2300 505562 298106 298106 41664 0 41664 41664 41664 172496 37498 87125 5920 85371 31578 116949 116949 688221 77089 611132 611132 175770 185109 -9339 -9339 CHANGE IN VALUE CRUT 900099 142771 142771 OTHER REVENUE 713990 7388 7388 UNREALIZED GAIN ON INV 900099 -522794 -522794 -372635 4973077 512950 -9339 687828 298349 58056 238856 1437 1724172 1057113 323135 343924 15176 6440 2806 5930 22750 22750 95358 95358 65878 6924 6467 52487 47291 25961 17540 3790 378241 165492 118649 94100 374606 284928 89621 57 17526 14825 1239 1462 374969 374969 43164 4390 38774 ACQUISITION OF ART 837395 837395 ENTERTAINMENT 98213 6925 1277 90011 HONORARIUM 48854 48854 OTHER 35414 20647 8927 5840 28003 8785 16729 2489 4505359 2546735 1357097 601527 17761 21538 1002050 1183306 27057 17500 69711 66842 138411 277479 18818150 3920512 8737251 14897638 11080249 10647412 7446850 6243426 28519340 33355141 387241 1432033 162216 294263 3198000 549457 4924296 X 14395422 15982324 6770196 5741865 6804265 6706656 27969883 28430845 28519340 33355141 X 467718 -6756 X X 0 1 1 X 0 X 7043493 3048736 7343703 3201929 3781638 24419499 141049 140641 140199 139722 139204 700815 7184542 3189377 7483902 3341651 3920842 25120314 4714261 20406053 439588 311075 209043 248750 342070 1550526 -131 -1708 -917 2590 -9339 -9505 895281 1150367 979022 1544225 1230449 5799344 32460679 5100269 0.62860 0.62210 X SCHEDULE A, PART IV, SUPPLEMENTAL INFORMATION: SCHEDULE A, PART II, LINE 10, EXPLANATION FOR OTHER INCOME: PROGRAM SERVICE REVENUE FUNDRAISING INCOME OTHER RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 11184580 116328 -147780 291852 10861276 9450853 60991 1673631 895 11184580 8536083 228194 688995 2419 9450853 7498421 2180266 -1000820 141784 8536083 0.41770 0.56540 0.01690 0 0 10377663 3081206 7296457 919732 702460 217272 7520755 136846 7383909 14897638 ASSETS RESTRICTED FOR ART COLLECTIONS 612605 BENEFICIAL INTEREST IN REMAINDER TRUSTS 644722 LEASEHOLD INTEREST 1736343 ASSETS RESTRICTED FOR CAPITAL PROJECTS 3249756 6243426 4973077 4505359 467718 -6756 -6756 460962 5374479 139204 262198 401402 4973077 0 4973077 4913517 145960 262198 408158 4505359 0 4505359 PART III, LINE 1A: THE MUSEUM ACCOUNTS FOR THE ACQUISITION OF ITS ART COLLECTION AS EXPENDITURES IN THE STATEMENT OF ACTIVITIES IN THE YEAR IN WHICH THE ART OBJECTS ARE ACQUIRED. ACCORDINGLY, THE MUSEUM'S ART COLLECTIONS ACQUIRED THROUGH PURCHASE OR CONTRIBUTION ARE NOT REFLECTED AS ASSETS IN THE STATEMENT OF FINANCIAL POSITION. PROCEEDS FROM DEACCESSIONS OF ART OBJECTS ARE RECORDED AS INCREASES IN TEMPORARILY RESTRICTED NET ASSETS AND ARE RESTRICTED FOR THE ACQUISITION OF OTHER ART OBJECTS. PART III, LINE 4: THE PERMANENT COLLECTION IS CENTRAL TO THE MISSION OF THE MUSEUM AND CURRENTLY FOCUSES ON AMERICAN ART FROM THE 20TH TO 21ST CENTURIES IN A BROAD RANGE OF MEDIA. THERE ARE CURRENTLY 922 WORKS OF ART IN THE COLLECTION. THE PRIMARY GOAL OF THE MUSEUM IS TO PROVIDE THE PUBLIC, THROUGH ITS EDUCATION PROGRAMS, A DEEPER LEVEL OF INTELLECTUAL AND PERSONAL UNDERSTANDING OF THE EXHIBITIONS AND COLLECTIONS. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE GENERAL PURPOSE OF THE ENDOWMENT FUND IS TO CREATE SUFFICIENT INCOME TO PERMIT THE BUILDING, RELATED STRUCTURES AND OPERATION OF THE VERO BEACH MUSEUM OF ART TO CONTINUE TO SERVE THE NEEDS OF THE COMMUNITY IN KEEPING WITH THE PURPOSE FOR THE MUSEUM SET FORTH IN ITS ARTICLES OF INCORPORATION. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE MUSEUM IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(2) OF THE INTERNAL REVENUE CODE. THE MUSEUM'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE MUSEUM'S OPEN AUDIT PERIODS ARE 2009-2012. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE NETTED WITH REVENUE 77,089. MUSEUM STORE EXPENSE NETTED WITH REVENUE 185,109. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE NETTED WITH REVENUE 77,089. MUSEUM STORE EXPENSE NETTED WITH REVENUE 185,109. D'ART FOR ART 414138 414138 41643 ANTIQUE SHOW 113672 113672 6730 4 160411 160411 23268 5448 688221 688221 71641 5448 77089 611132 X 1 1 X X X 0 0 0 0 0 0 0 0 0 LUCINDA GEDEON 209090 0 0 0 0 0 0 0 0 15989 209090 15989 0 0 X 13 128300 MARKET VALUE X 12 78602 MARKET VALUE 1 0 1 1 THIRD PARTY USE: PART I, LINE 32B: THE MUSEUM USES MERRILL LYNCH AND PNC WEALTH MANAGEMENT TO SELL DONATED SECURITIES. FORM 990, PART VI, SECTION B, LINE 11 THE TREASURER AND FINANCE COMMITTEE HAS WHATEVER AUTHORITY AS MAY BE DESIGNATED BY THE BOARD OF TRUSTEES, INCLUDING TO PERFORM REGULAR, IN-DEPTH REVIEWS OF THE MUSEUM'S FINANCIAL ACTIVITY AND TO SECURE AN INDEPENDENT AUDIT ANNUALLY. THE AUDIT FIRM SELECTED ALSO COMPLETES FORM 990. UPON COMPLETION, THE CEO AND FINANCE MANAGER REVIEW FORM 990 TO ENSURE ACCURACY, THEN PRESENT THE TAX RETURN TO THE TREASURER AND FINANCE COMMITTEE FOR REVIEW AND FINAL APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO SUBMIT A DISCLOSURE STATEMENT ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS INCLUDES CONSULTATION WITH EXECUTIVE SEARCH FIRMS AND A REVIEW OF INDUSTRY STANDARDS AND SALARY SURVEYS PROVIDED BY AAMD, ART MUSEUM DIRECTORS ASSOCIATION. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE FOR REVIEW UPON REQUEST. FINANCIAL STATEMENTS ARE PUBLISHED IN THE MUSEUM'S ANNUAL REPORT. TAX RETURNS ARE ALSO AVAILABLE ON GUIDESTAR. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: DONATED SERVICES AND USE OF FACILITIES: -6,756. 990, PART XI, LINE 2C THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR.