2013-11-04T10:25:50-06:00 2013-06-30 221914888 NISIVOCCIA LLP 200 VALLEY RD SUITE 300 MT ARLINGTON NJ 07856 990 2012-07-01 221487582 THE MONTCLAIR ART MUSEUM MONT 9737465555 3 SOUTH MOUNTAIN AVENUE MONTCLAIR NJ 07042 LORA URBANELLI 9737465555 2013-10-25 1 THOMAS R DARTNELL CPA P00224464 9733281825 2013-10-25 2012 2015-11-30 17:44:51Z LORA URBANELLI 3 SOUTH MOUNTAIN AVENUE MONTCLAIR NJ 07042 9035962 0 X WWW.MONTCLAIR-ART.ORG X 1914 NJ THE MONTCLAIR ART MUSEUM, ALONG WITH ITS YARD SCHOOL OF ART, ENGAGES A DIVERSE COMMUNITY THROUGH ITS DISTINCTIVE COLLECTION OF AMERICAN AND NATIVE AMERICAN ART, EXIBITIONS, AND EDUCATIONAL PROGRAMS THAT LINK ART TO CONTEMPORARY LIFE IN A GLOBAL CONTEXT. 39 39 114 320 0 0 4468483 2992411 852453 923103 1347124 1306704 77528 171882 6745588 5394100 5820 9580 0 0 2213294 2057299 151130 176582 537366 2291204 2543733 4661448 4787194 2084140 606906 25623986 24944734 5894423 5157683 19729563 19787051 X THE MUSEUM COLLECTS, PRESERVES AND PRESENTS AMERICAN AND NATIVE AMERICAN ART. ITS INNOVATIVE EXHIBITIONS AND EDUCATIONAL PROGRAMS INTERPRET AND EXPLORE RELATIONSHIPS BETWEEN THESE TWO EVOLVING ARTISTIC TRADITIONS. THE MUSEUMS EXHIBITIONS OFFER GROUNDBREAKING SCHOLARSHIP, FRESH THEMATIC APPROACHES, FIRST-TIME PRESENTATIONS OF UNDER-RECOGNIZED ARTISTS, EXAMINATIONS OF LITTLE-KNOWN ASPECTS OF MAJOR ARTISTS CAREERS, AND AN ONGOING COMMITMENT TO THE ARTISTS AND CULTURE OF NEW JERSEY. 0 0 1702026 135750 CURATORIAL:THE MONTCLAIR ART MUSEUM INSPIRES AND ENRICHES THE LIVES OF OVER 72,100 VISITORS THROUGH EXHIBITIONS HELD AT THE MUSEUM OR SELF-ORGANIZED NATIONALLY TRAVELING SPECIAL EXHIBITIONS. THE MUSEUM'S PUBLICATIONS OFTEN ACCOMPANY THESE EXHIBITIONS. 1528063 9580 767413 EDUCATION:THE MUSEUM OFFERS A DIVERSE SCHEDULE OF PROGRAMS DESIGNED TO ENGAGE A BROAD RANGE OF AUDIENCES. THROUGH OUR LINE UP OF LECTURES, GALLERY TOURS AND INTERDISCIPLINARY PRESENTATIONS OF MUSIC, DANCE, FILM AND LITERATURE, THE MUSEUM LOOKS FOR UNIQUE WAYS TO PROVIDE VISITORS WITH ACCESSIBLE AND UNIQUE OPPORTUNITIES TO LEARN ABOUT ART. THE MUSEUM ALSO OFFERS A VARIETY OF COURSES IN ART STUDIO PROCESSES WHICH OFTEN RELATE TO CURRENT EXHIBITIONS AND PROGRAMMING. 291261 19940 MEMBERSHIP:THE MONTCLAIR ART MUSEUM INCLUDES MORE THAN 2,500 MEMBER HOUSEHOLDS. MEMBERS HAVE ACCESS TO EXCLUSIVE PROGRAMS AND EVENTS AND ALSO ENJOY DISCOUNTS FROM THE ART SCHOOL. THE MUSEUM ALSO ENJOYS THE ACTIVE SERVICE OF OVER 300 VOLUNTEERS WHO MAKE PROFOUND CONTRIBUTIONS BY WORKING AS INTERNS, SPECIAL EVENTS ASSISTANTS, AND DONORS, TOGETHER PROVIDING MORE THAN 12,000 VOLUNTEER HOURS ANNUALLY. 189512 184525 MUSEUM STORE:THE STORE OFFERS MERCHANDISE RELATED TO THE MUSEUM'S COLLECTIONS OF AMERICAN AND NATIVE AMERICAN ART AS WELL AS NEW AND PRINT-OUT BOOKS. FURTHERMORE, THEY PROVIDE DESIGNED OBJECTS THAT CAN BE ENJOYED BY THE WHOLE FAMILY. 189512 184525 3710862 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 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 1 30 0 114 1 0 0 0 0 0 1 1 0 0 0 0 X 39 39 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X X X LORA URBANELLI 9737465555 3 SOUTH MOUNTAIN AVENUE MONTCLAIR NJ 07042 ROSE CALI 4.00 X X 0 0 0 NEWTON B SCHOTT JR 6.00 X X 0 0 0 FRANK JWALTER III 5.00 X X 0 0 0 IRA A WAGNER 4.00 X X 0 0 0 LYNN GLASSER 3.00 X X 0 0 0 SYLVIA COHN 3.00 X X 0 0 0 KAREN G MANDELBAUM 3.00 X X 0 0 0 LYN REITER 4.00 X X 0 0 0 JASON SLOSBERG MD 3.00 X X 0 0 0 CAROL WALL 4.00 X X 0 0 0 ADRIAN SHELBY 2.00 X 0 0 0 ROBERT CONSTABLE 2.00 X 0 0 0 NICOLE BEARCE ESQ 1.00 X 0 0 0 LISA AMATO 3.00 X 0 0 0 LINNY ANDLINGER 3.00 X 0 0 0 MICHAEL A BACKER 1.00 X 0 0 0 SUSAN BERSHAD MD 1.00 X 0 0 0 SUSAN COLE 1.00 X 0 0 0 ROBERT MAX CRANE 1.00 X 0 0 0 DEBORAH DAVIS 1.00 X 0 0 0 JOHN M DOWD 1.00 X 0 0 0 HOLLY ENGLISH ESQ 2.00 X 0 0 0 AUDREY GAELEN 1.00 X 0 0 0 MICHAEL HENINGBURG JR 2.00 X 0 0 0 STEPHEN P HESS 1.00 X 0 0 0 JAMES E JOHNSON 1.00 X 0 0 0 HERBERT C KLEIN 1.00 X 0 0 0 ANDREW LACEY 1.00 X 0 0 0 FRED H LANGBEIN 1.00 X 0 0 0 JAMES LEITNER 2.00 X 0 0 0 ROBERT NOSSA MD 1.00 X 0 0 0 RUTH M PERRETTI 1.00 X 0 0 0 GRETCHEN PRATER 1.00 X 0 0 0 ANN SCHAFFER 2.00 X 0 0 0 SENGAL M G SELASSIE 1.00 X 0 0 0 NADER TAVAKOLI 1.00 X 0 0 0 SHARON TAYLOR 1.00 X 0 0 0 WILLIAM H TURNER 1.00 X 0 0 0 DONALD B ZIEF 1.00 X 0 0 0 LORA URBANELLI 40.00 X 150511 0 0 150511 0 0 1 0 1 0 GHIORSI & SORRENTI INC 50 TICE BOULEVARD WOODCLIFF LAKE NJ 07677 CAMPAIGN CONSULTANTS 176582 1 359167 199537 301956 2131751 51514 2992411 ART SCHOOL TUITION 611710 662883 662883 ADMISSION FEES 900099 110236 110236 EDUCATION PROGRAMS 611710 104530 104530 CURATORIAL PROGRAMS 611710 25514 25514 MEMBERSHIP DUES 900099 19940 19940 923103 140470 140470 187714 83749 103965 103965 103965 4284360 123600 3241726 0 1042634 123600 1166234 1166234 184753 199537 197396 -12643 -12643 197726 118991 78735 78735 OTHER REVENUE 900099 1825 1825 1825 5394100 1107628 0 1294061 9580 9580 150511 90307 30102 30102 1605245 1344036 87762 173447 11050 7534 733 2783 83690 57995 16675 9020 206803 156694 21546 28563 176582 176582 454303 357069 67004 30230 173334 163451 990 8893 421541 362096 10005 49440 449040 406033 25302 17705 259610 259610 478414 468846 4784 4784 94534 80413 9725 4396 ACQUISITIONS 157877 157877 55080 48931 4728 1421 4787194 3710862 538966 537366 4736899 151481 1340275 995786 3636024 3272357 26654 56677 54664 66003 60375 18527 18566267 7670366 11251891 10895901 4475201 9451360 42003 36642 25623986 24944734 276966 376941 347975 320742 5260000 4460000 9482 5894423 5157683 X 17712676 18617954 1561291 712606 455596 456491 19729563 19787051 25623986 24944734 606906 -549418 0 X X 0 1 X 1 0 X 2146313 2726807 1964276 2137726 2792875 11767997 2146313 2726807 1964276 2137726 2792875 11767997 2461668 9306329 169084 139389 1043197 10452 328184 1690306 13458303 7360588 0.69150 0.69150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X X EDUCATIONAL PROGRAMING 0 10894472 516601 569794 1598512 10382355 9919216 1452091 -50964 425871 10894472 9723378 213957 331129 349248 9919216 9477028 494607 199037 447294 9723378 8858951 3198534 167701 2748158 9477028 0.91980 0.03620 0.04400 0 0 132700 132700 15972611 5417727 10554884 2460956 2252639 208317 10895901 X 5121218 -549418 400136 -149282 5270500 123600 123600 5394100 5029453 400136 400136 4629317 157877 157877 4787194 PART III, LINE 1A: THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE MUSEUM'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR AS TEMPORARILY OR PERMANENTLY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED ON THE FINANCIAL STATEMENTS. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES AND ARE RESTRICTED BY THE BOARD FOR THE MUSEUM'S COLLECTIONS. PART III, LINE 4: THE MUSEUM COLLECTS, PRESERVES AND PRESENTS AMERICAN AND NATIVE AMERICAN ART. ITS INNOVATIVE EXHIBITIONS AND EDUCATIONAL PROGRAMS INTERPRET AND EXPLORE RELATIONSHIPS BETWEEN THESE TWO EVOLVING ARTISTIC TRADITIONS. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE MUSEUM'S ENDOWMENT CONSISTS OF INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. THE MUSEUMS ENDOWMENT PROVIDES A SUPPLEMENTARY SOURCE OF FUNDS FOR CURRENT OPERATIONS, ACQUISITION OF WORKS OF ART, INFRASTRUCTURE REDEVELOPMENT AND OTHER CAPITAL PROJECTS FOR THE BENEFIT OF THE MUSEUM AND ITS PROGRAMS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE MUSEUM IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISION OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND IS ALSO EXEMPT FROM STATE INCOME TAXES UNDER CHAPTER 104 OF TITLE 54, REVISED STATUTES OF THE NEW JERSEY LAW. THE MUSEUM HAS ALSO BEEN CLASSIFIED AS ENTITIES THAT ARE NOT PRIVATE FOUNDATIONS WITHIN THE MEANING OF SECTION 509(A) AND QUALIFY FOR DEDUCTIBLE CONTRIBUTIONS AS PROVIDED IN SECTION 170(B)(1)(A)(VI). ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAXES HAS BEEN PRESENTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE MUSEUM FOLLOWS THE PROVISIONS OF FASB ASC INCOME TAXES. THE STANDARD PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION AS THEY RELATE TO THOSE TAX POSITIONS. THE MUSEUM DOES NOT EXPECT A SIGNIFICANT INCREASE OR DECREASE TO THE TOTAL AMOUNTS OF UNRECOGNIZED TAX POSITIONS DURING THE FISCAL YEAR ENDED JUNE 30, 2013. HOWEVER, THE MUSEUM IS SUBJECT TO REGULAR AUDIT BY TAX AUTHORITIES. THE MUSEUM BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE POSITIONS TAKEN ON ITS TAX RETURNS. NONETHELESS, THE AMOUNTS ULTIMATELY PAID, IF ANY, UPON RESOLUTION OF THE ISSUES RAISED BY THE TAXING AUTHORITIES MAY DIFFER MATERIALLY FROM THE AMOUNTS ACCRUED EACH YEAR. MANAGEMENT BELIEVES ITS NONPROFIT STATUS WOULD BE UPHELD UPON EXAMINATION. AS REQUIRED BY LAW, THE MUSEUM FILES INFORMATIONAL RETURNS WITH BOTH THE UNITED STATES FEDERAL AND STATE OF NEW JERSEY JURISDICTIONS ON AN ANNUAL BASIS- FORM 990 WITH THE INTERNAL REVENUE SERVICE, AND FORM CRI-300R WITH THE STATE. THE MUSEUM IS SUBJECT TO EXAMINATIONS AT ANY TIME WITHIN THREE YEARS FROM THE LATEST FILING DATE FOR FEDERAL AND FOUR YEARS FROM THE LATEST FILING DATE FOR NEW JERSEY. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 197,396. COST OF GOODS SOLD 118,991. RENTAL EXPENSE 83,749. PART XI, LINE 4B - OTHER ADJUSTMENTS: PROCEEDS FROM SALE OF COLLECTION ITEMS 123,600. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 197,396. COST OF GOODS SOLD 118,991. RENTAL EXPENSE 83,749. PART XII, LINE 4B - OTHER ADJUSTMENTS: ACQUISITIONS OF COLLECTION ITEMS 157,877. X X X X X X X 1 GHIORSI & SORRENTI INC 50 TICE BOULEVARD WOODCLIFF LAKE NJ 07677 CAMPAIGN CONSULTANTS 0 0 176582 -176582 176582 -176582 ART IN BLOOM DINNER DANCE 234510 86450 148060 101113 ART IN BLOOM LUNCHEON 58980 41860 17120 53186 4 90800 71227 19573 43097 384290 199537 184753 197396 197396 -12643 EXPLANATION OF FUNDRAISING PAYMENTS SCHEDULE G, PART I, LINE 2B, COLUMN (V) CAMPAIGN CONSULTANTS 1 SCHOLARSHIPS 30 9580 X X X X 0 0 0 0 0 0 0 0 0 LORA URBANELLI 140000 0 0 0 10511 0 0 0 0 0 150511 0 0 0 X 7 X 2 51514 FAIR VALUE 0 1 0 NON REPORTING OF REVENUE: PART I, LINE 33: DURING 2012, CONTRIBUTED WORKS OF ART WERE DETERMINED TO BE APPROXIMATELY $249,050 BASED ON APPRAISED AND ESTIMATED VALUES. HOWEVER, A ZERO AMOUNT WAS REPORTED ON FORM 990, PART VIII, LINE 1G, BECAUSE THE MUSEUM DID NOT CAPITALIZE ITS COLLECTIONS, AS ALLOWED UNDER SFAS 116 (ASC 958-360-25). FORM 990, PART VI, SECTION B, LINE 11 THE MUSEUM'S CFO WORKS CLOSELY WITH AN EXTERNAL ACCOUNTING FIRM TO PREPARE ITS IRS FORM 990. A DRAFT OF THE 990 IS THEN SHARED AND REVIEWED WITH THE MUSEUM'S DIRECTOR, PRESIDENT, AND TREASURER AND MEMBERS OF ITS FINANCE COMMITTEE. THE CFO AND THESE PARTIES PRESENT A COPY OF THE 990 TO THE MEMBERS OF THE EXECUTIVE, FINANCE AND AUDIT COMMITTEES, WITH A REASONABLE AMOUNT OF TIME FOR THEIR REVIEW. COMMENTS ARE THEN GROUPED, SUMMARIZED, AND PROVIDED THROUGH MANAGEMENT TO THE EXTERNAL ACCOUNTING FIRM. A REFINED DRAFT IS DISTRIBUTED TO THE ENTIRE BOARD OF TRUSTEES FOR THEIR INFORMATION AND COMMENT. ANY APPLICABLE QUESTIONS ARE ADDRESSED, AND THE RETURN IS FINALIZED AND APPROVED FOR FILING WITH THE IRS. THE MUSEUM BELIEVES THIS PROCESS ENSURES THE COMPLETE AND ACCURATE REPORTING OF INFORMATION ON THE ANNUAL RETURN. FORM 990, PART VI, SECTION B, LINE 12C EVERY FISCAL YEAR BOARD OFFICERS, DIRECTORS AND TRUSTEES ARE REQUIRED TO READ OUR CONFLICT OF INTEREST POLICY, AND TO FILL OUT A QUESTIONNAIRE WHICH DISCLOSES ANY POTENTIAL CONFLICTS. THE MUSEUM ALSO REQUIRES KEY EMPLOYEES TO FILL OUT THE SAME FORM. FORM 990, PART VI, SECTION B, LINE 15 A SPECIAL AD-HOC COMMITTEE OF THE BOARD WAS CREATED, TO REVIEW SALARY COMPARABILITY DATA, AND MAKE A RECOMMENDATION TO THE EXECUTIVE COMMITTEE AND FULL BOARD REGARDING AN APPROPRIATE CANDIDATE AND COMPENSATION STRUCTURE. THE COMPENSATION AMOUNTS FOR OTHER KEY EMPLOYEES ARE REVIEWED BY THE EXECUTIVE COMMITTEE AT THE TIME THE POSITION IS FILLED. DURING THE ANNUAL BUDGETING PROCESS THE BOARD TREASURER, MUSEUM DIRECTOR AND CFO REVIEW THE SALARY STRUCTURE OF ALL POSITIONS WITHIN THE MUSEUM. FORM 990, PART VI, SECTION C, LINE 19 THE MONTCLAIR ART MUSEUM, MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE BY POSTING IT ON GUIDESTAR.ORG. IN ADDITION FORMS 990 AND 1023 AS WELL AS THE FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST AT THE ORGANIZATIONS OFFICE AT 3 SOUTH MOUNTAIN AVE, MONTCLAIR, NJ 07042.