2013-11-14T14:53:22-06:00 2012-12-31 132688836 ROGOFF AND COMPANY PC 355 LEXINGTON AVENUE 6TH FL NEW YORK NY 10017 990 2012-01-01 010263908 SKOWHEGAN SCHOOL OF PAINTING AND SCULPTURE INC SKOW 2125290505 200 PARK AVENUE SOUTH NO 1116 NEW YORK NY 10003 RICHARD T PRINS 2125290505 2013-11-14 1 PAUL BRACE P01474547 2125575666 2012 2016-02-24 21:20:13Z GREGORY K PALM 925 PARK AVENUE NEW YORK NY 10028 7945135 0 X WWW.SKOWHEGANART.ORG X 1946 ME EDUCATIONAL 24 24 41 0 0 0 763507 817831 453400 461500 1524885 1787690 74177 -100348 2815969 2966673 226266 227700 0 0 827000 879357 0 0 123200 763030 770371 1816296 1877428 999673 1089245 15141403 16638403 31093 38726 15110310 16599677 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 1273122 227700 461500 SCHOOL OF PAINTING AND SCULPTURE ATTENDED BY 65 STUDENTS 146200 SKOWHEGAN ALLIANCE AND ALUMNI ACTIVITIES INCLUDING PERFORMANCES, WORKSHOPS, AND EXHIBITIONS. 1419322 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 0 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 41 1 0 0 0 0 0 1 1 0 0 X 24 24 1 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 1.50 X 0 0 0 GRACE G BOWMAN 1.00 X 0 0 0 MILDRED C BRINN 1.00 X X 0 0 0 WARREN C COOK 1.50 X 0 0 0 ANDREA CRANE 1.00 X 0 0 0 SUSAN PAUL FIRESTONE 1.00 X X 0 0 0 ROBERT GILSON 1.00 X 0 0 0 ANN L GUND 2.00 X X 0 0 0 MARY M LOOKER 1.00 X 0 0 0 ROBERT L LOOKER 1.00 X 0 0 0 VICTORIA LOVE SALNIKOFF 1.00 X 0 0 0 WILSON NOLEN 1.00 X 0 0 0 GREGORY K PALM 2.00 X X 0 0 0 RICHARD T PRINS 2.00 X X 0 0 0 JUDSON P REIS 1.50 X 0 0 0 ELEANOR W REVSON 1.00 X 0 0 0 LISA RICHARDS 1.00 X 0 0 0 ROBERT F SHAPIRO 1.00 X 0 0 0 LIBBIE J MASTERSON 1.00 X 0 0 0 TONYA INGERSOL 1.00 X 0 0 0 GEORGE W AHL III 1.00 X 0 0 0 ALAN WANZENBERG 3.00 X 0 0 0 MARIANNE BOESKY 1.00 X 0 0 0 CHIARA EDMANDS 1.00 X 0 0 0 DAVID BEITZEL 1.50 X 0 0 0 KATHERINE S SONNENBORN 40.00 X 100578 0 500 SARAH F WORKNEH 40.00 X 108866 0 9923 209444 0 10423 2 0 0 0 0 335827 20000 462004 817831 TUITION AND FEES 611600 461500 461500 461500 383798 383798 2685514 3501519 2623498 2159643 62016 1341876 1403892 1403892 59840 335827 194041 -134201 -134201 30479 1280 29199 29199 MISCELLANEOUS INCOME 900099 4654 4654 4654 2966673 461500 0 1687342 227700 227700 219867 182319 25654 11894 485938 402772 56885 26281 19486 16325 2108 1053 79687 66756 8619 4312 74379 62311 8046 4022 120 120 20650 20650 41497 41497 109289 54882 43520 10887 12477 6238 4991 1248 149750 74875 59900 14975 52394 52394 24238 12119 9695 2424 68237 64907 2575 755 23718 12483 9274 1961 FOOD AND KITCHEN SUPPLI 63831 63831 CAMPUS MAINTENANCE 54328 54328 EDUCATION MATERIAL & EX 31248 31248 ACADEMIC FEES 24653 24653 93941 9181 41372 43388 1877428 1419322 334906 123200 650 650 355939 899532 101964 129964 17577 17927 13424 12144 98672 50312 5276482 2243585 875280 3032897 9111726 10914662 4548966 1563110 17205 17205 15141403 16638403 27493 34076 3600 4650 31093 38726 X 6754505 7703654 1554420 2094638 6801385 6801385 15110310 16599677 15141403 16638403 1089245 400122 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6801385 0 1169749 227700 942049 6801385 6776385 25000 349380 349380 6801385 6574870 201515 727879 727879 6776385 6549870 25000 837758 837758 6574870 6524870 25000 152211 152211 6549870 1.00000 0 0 711012 711012 3817853 1582080 2235773 60816 60816 0 355637 321358 34279 331164 279331 51833 3032897 ORCHID ASIA III FUNDS 724140 F TIGER GLOBAL CLASS C SERIES 1A FUND 838970 F 1563110 X 3519339 400122 400122 3119217 41497 -194041 -152544 2966673 2029972 194041 194041 1835931 41497 41497 1877428 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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, 2011, 2010, AND 2009 ARE PRESENTLY SUBJECT TO EXAMINATION BY THE TAXING AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE -194,041. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE 194,041. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 NON-DESCRIMINATORY POLICY STATED IN FUND RAISING LITERATURE, SCHOOL CATALOGUE AND APPLICATION FORMS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 $20,000 GRANT FROM NATIONAL ENDOWMENT FOR THE ARTS TO FUND SCHOLARSHIPS. ANNUAL AWARDS DINNER 395667 335827 59840 20500 50272 0 123269 395667 335827 59840 20500 50272 123269 194041 -134201 1 FULL AND PARTIAL FELLOWSHIP GRANTS 65 227700 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 2 MARY M LOOKER AND ROBERT L LOOKER ARE MOTHER AND SON AND VOTING MEMBERS OF THE SCHOOL'S BOARD OF TRUSTEES. 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. THE PROCESS HAS BEEN CONSISTENT WITH PRIOR YEARS.