TRUSTEES OF THE CORCORAN GALLERY OF ART: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- TRUSTEES OF THE CORCORAN GALLERY OF ART (EIN 53-0196641)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2013-11-13
- IRS object ID
- 201343179349304989
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-11-13T15:56:20-06:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 521855942 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TATE AND TRYON | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2021 L STREET NW SUITE 400 | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 20036 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 530196641 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TRUSTEES OF THE CORCORAN GALLERY OF ART | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | TRUS | NameControl |
| Phone | 2026391700 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 SEVENTEENTH STREET NW | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 200064804 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | FREDERICK KNOPS | Name |
| Title | TREASURER | Title |
| Phone | 2026391700 | Phone |
| Date Signed | 2013-11-13 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ELIZABETH W HELLER | Name |
| PTIN | P00397829 | PTIN |
| Phone | 2022932200 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | PEGGY LOAR | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 SEVENTEENTH STREET NW | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 200064804 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 72365327 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.CORCORAN.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1869 | YearFormation |
| State Legal Domicile | DC | StateLegalDomicile |
| Activity Or Mission Description | THE GALLERY WAS FORMED TO ESTABLISH AN INSTITUTION IN WASHINGTON, DC DEDICATED TO ART AND USED FOR THE PURPOSE OF ENCOURAGING AMERICAN GENIUS IN THE PRODUCTION AND PRESERVATION OF WORKS PERTAINING TO THE FINE ARTS AND KINDRED OBJECTS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 13 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 13 | NbrIndependentVotingMembers |
| Total Nbr Employees | 614 | TotalNbrEmployees |
| Total Nbr Volunteers | 150 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 3172444 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 6952654 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 20072678 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 20550838 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 19833190 | InvestmentIncomePriorYear |
| Investment Income Current Year | 40072072 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -42635 | OtherRevenuePriorYear |
| Other Revenue Current Year | -69247 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 43035677 | TotalRevenuePriorYear |
| Total Revenue Current Year | 67506317 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 4971310 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 5126742 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 14834613 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 14737917 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 939446 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 12445368 | OtherExpensePriorYear |
| Other Expenses Current Year | 11438586 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 32251291 | TotalExpensesPriorYear |
| Total Expenses Current Year | 31303245 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 10784386 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 36203072 | RevenuesLessExpensesCY |
| Total Assets BOY | 51683924 | TotalAssetsBOY |
| Total Assets EOY | 91459785 | TotalAssetsEOY |
| Total Liabilities BOY | 14513914 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 17915002 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 37170010 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 73544783 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | IN THE WORDS OF ITS FOUNDER, THE CORCORAN IS "DEDICATED TO ART." ITS MUSEUM PRESENTS, INTERPRETS AND PRESERVES THE ART OF OUR TIMES AND OF TIMES PAST; ITS COLLEGE OF ART AND DESIGN NURTURES AND HELPS SHAPE NEW GENERATIONS OF ARTISTS AND DESIGNERS. EDUCATION IS A CENTRAL FOCUS, NOT JUST IN THE CORCORAN'S CLASSROOMS BUT IN ITS GALLERIES AND THROUGHOUT THE GREATER WASHINGTON REGION. THOUGH AMERICAN ART IS THE COLLECTION'S EMPHASIS, THE ART OF OTHER NATIONS AND CULTURES IS, WHEN APPROPRIATE, ACQUIRED AND EXHIBITED.THE CORCORAN IS COMMITTED TO MAKING THE HISTORIC ART IN ITS COLLECTIONS AND THE EMERGING ART OF OUR TIME ACCESSIBLE AND UNDERSTANDABLE TO THE BROADEST POSSIBLE AUDIENCE THROUGH INNOVATIVE EXHIBITIONS AND EDUCATIONAL PROGRAMMING, SYSTEMATIC RESEARCH AND RIGOROUS SCHOLARSHIP. ITS MANY ACTIVITIES EMPHASIZE THE COMBINED RESOURCES OF ITS MUSEUM AND COLLEGE, AND ARE DIRECTED TOWARD DIVERSE COMMUNITIES WITH WIDELY DIFFERING EDUCATIONAL AND SOCIO-ECONOMIC BACKGROUNDS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 3969899 | Expense |
| Revenue | 792005 | Revenue |
| Description | SINCE ITS FOUNDING IN 1869, THE CORCORAN GALLERY OF ART HAS ACQUIRED THROUGH DONATION AND ACQUISITION AN EXTENSIVE PERMANENT COLLECTION OF AMERICAN AND EUROPEAN ART, INCLUDING PAINTINGS, SCULPTURE, WORKS ON PAPER, AND PHOTOGRAPHS. THROUGH SPECIAL EXHIBITIONS ORGANIZED BY ITS CURATORIAL STAFF AND OTHER LEADING ART INSTITUTIONS FROM AROUND THE WORLD, THE CORCORAN CONTRIBUTES TO THE PUBLIC'S UNDERSTANDING OF AND APPRECIATION FOR HISTORICAL AND CONTEMPORARY ART. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 19927037 | Expense |
| Grants | 5126742 | Grants |
| Revenue | 18121637 | Revenue |
| Description | THE CORCORAN COLLEGE OF ART + DESIGN, FOUNDED IN 1890, IS THE OLDEST AND MOST COMPREHENSIVE PROFESSIONAL COLLEGE OF ART AND DESIGN IN WASHINGTON, D.C. THE FULLY ACCREDITED COLLEGE OFFERS FOUR-YEAR BACHELOR OF FINE ARTS (BFA) DEGREE PROGRAMS IN FINE ART, ART STUDIES, GRAPHIC DESIGN, DIGITAL MEDIA DESIGN, INTERIOR DESIGN, PHOTOGRAPHY, AND PHOTOJOURNALISM. THE COLLEGE ALSO OFFERS ASSOCIATE OF FINE ARTS (AFA) DEGREE PROGRAMS IN FINE ART, DIGITAL MEDIA, GRAPHIC DESIGN, AND PHOTOGRAPHY; MASTER OF ARTS (MA) DEGREES IN ART AND THE BOOK, INTERIOR DESIGN, EXHIBITION DESIGN, THE HISTORY OF DECORATIVE ARTS, AND NEW MEDIA PHOTOJOURNALISM; AND A FIVE-YEAR COMBINED BFA/MA IN TEACHING. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 828576 | Expense |
| Revenue | 1784038 | Revenue |
| Description | CORCORAN COMMUNITY EDUCATION EXTENDS ITS SERVICES DIRECTLY INTO THE WASHINGTON COMMUNITY BY MAKING SPECIAL EFFORTS TO ENGAGE YOUNG PEOPLE AND AMATEUR ARTISTS THROUGH A SERIES OF PUBLIC PROGRAMS, LECTURES, ART-FOCUSED TOURS, AND MUSEUM EDUCATION FOCUSED ON PROGRAMMING FOR CHILDREN AND YOUNG ADULTS, INCLUDING THE LARGEST ART SUMMER CAMP PROGRAMS IN THE CITY. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 24725512 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 1 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 135 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 614 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 13 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 13 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | LAUREN GARCIA | NamePerson |
| Telephone Number | 2026391700 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 17TH STREET NW | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 200064804 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (19 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Average Hours Per Week RelatedAverageHoursPerWeekRelated | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|---|
| HARRY F HOPPER III | |||||||||
| CHAIRMAN | 2.00 | 0.00 | X | X | 0 | 0 | 0 | ||
| SARAH E CHAPOTON | |||||||||
| SECRETARY | 2.00 | 0.00 | X | X | 0 | 0 | 0 | ||
| FREDERICK W KNOPS III | |||||||||
| TREASURER | 2.00 | 0.00 | X | X | 0 | 0 | 0 | ||
| FRANK G LAPRADE | |||||||||
| TRUSTEE | 2.00 | 0.00 | X | 0 | 0 | 0 | |||
| CAROLYN S ALPER | |||||||||
| TRUSTEE | 2.00 | 0.00 | X | 0 | 0 | 0 | |||
| ANNE N EDWARDS | |||||||||
| TRUSTEE | 2.00 | 0.00 | X | 0 | 0 | 0 | |||
| MICHELA ENGLISH | |||||||||
| TRUSTEE | 2.00 | 0.00 | X | 0 | 0 | 0 | |||
| SHANNON J FINLEY | |||||||||
| TRUSTEE | 2.00 | 0.00 | X | 0 | 0 | 0 | |||
| KATHRYN L GLEASON | |||||||||
| TRUSTEE | 2.00 | 0.00 | X | 0 | 0 | 0 | |||
| ELEANOR F HEDDEN | |||||||||
| TRUSTEE | 2.00 | 0.00 | X | 0 | 0 | 0 | |||
| JULIE J JENSEN | |||||||||
| TRUSTEE | 2.00 | 0.00 | X | 0 | 0 | 0 | |||
| SAREE R PITT | |||||||||
| TRUSTEE | 2.00 | 0.00 | X | 0 | 0 | 0 | |||
| HENRY L THAGGER III | |||||||||
| TRUSTEE | 2.00 | 0.00 | X | 0 | 0 | 0 | |||
| FRED BOLLERER | |||||||||
| PRESIDENT (TIL APR 13) | 40.00 | 0.00 | X | 365439 | 0 | 741 | |||
| PEGGY LOAR | |||||||||
| INTERIM PRESIDENT (BEGAN APR 13) | 40.00 | 0.00 | X | 0 | 0 | 0 | |||
| CATHERINE ARMOUR | |||||||||
| PROVOST AND CHIEF ACADEMIC OFFICER | 40.00 | 0.00 | 196077 | 0 | 8484 | X | |||
| LAUREN GARCIA | |||||||||
| COO | 40.00 | 0.00 | 190861 | 0 | 15288 | X | |||
| JOHN GRUNDBERG | |||||||||
| ASSOCIATE DEAN OF UNDERGRADUATE STUDIES | 40.00 | 0.00 | 111737 | 0 | 22742 | X | |||
| PHILIP BROOKMAN | |||||||||
| CHIEF CURATOR | 40.00 | 0.00 | 103883 | 0 | 21114 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 967997 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 68369 | TotalOtherCompensation |
| Number Individuals GT100 K | 5 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (4 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| JULYAN AND JULYAN | |||||
| 1100 G STREET NW | WASHINGTON | DC | 20005 | LEGAL | 442174 |
| MDB COMMUNICATIONS | |||||
| 1150 18TH ST NW STE 425 | WASHINGTON | DC | 20036 | COMMUNICATIONS CONSULTANT | 365989 |
| E3DATA FALAR FATMI | |||||
| 1401 PEACHTREE ST STE 500 | ATLANTA | GA | 30309 | DIRECTOR OF IT | 140000 |
| HEIDRICK & STRUGGLES | |||||
| 1133 PAYSPHERE CIRCLE | CHICAGO | IL | 606741010 | HEADHUNTER | 129454 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 4 | NumberOfContractorsGT100K |
| Federated Campaigns | 2013 | FederatedCampaigns |
| Fundraising Events | 453207 | FundraisingEvents |
| Government Grants | 304452 | GovernmentGrants |
| All Other Contributions | 6192982 | AllOtherContributions |
| Noncash Contributions | 190058 | NoncashContributions |
| Total Contributions | 6952654 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION AND FEES | 900099 | 18318146 | 18318146 |
| COMMISSIONS | 900099 | 1535200 | 1535200 |
| EXHIBITIONS AND TOURS | 900099 | 367080 | 367080 |
| ADMISSIONS AND PROGRAMS | 900099 | 330412 | 330412 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 20550838 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 816287 | TotalRevenueColumn |
| Exclusion | $816,287 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 19816 | TotalRevenueColumn |
| Exclusion | $19,816 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 4547749 | Securities |
| Other | 38924708 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 4216672 | Securities |
| Other | 0 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 331077 | Securities |
| Other | 38924708 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 39255785 | TotalRevenueColumn |
| Exclusion | $39,255,785 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 206302 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 453207 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 556550 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -350248 | TotalRevenueColumn |
| Exclusion | -$350,248 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 230305 | GrossSalesOfInventory |
| Cost Of Goods Sold | 85788 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 144517 | TotalRevenueColumn |
| Related Or Exempt Function Income | 144517 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|---|
| MISCELLANEOUS | 900099 | 114343 | $114,343 | |
| PARKING | 900099 | 2325 | 2325 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 116668 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 67506317 | TotalRevenueColumn |
| Related Or Exempt Function Income | 20697680 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $39,855,983 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5126742 | Total |
| Program Services | 5126742 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 783756 | Total |
| Program Services | 476837 | ProgramServices |
| Management And General | 281415 | ManagementAndGeneral |
| Fundraising | 25504 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11925471 | Total |
| Program Services | 7219022 | ProgramServices |
| Management And General | 4330568 | ManagementAndGeneral |
| Fundraising | 375881 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 77881 | Total |
| Program Services | 42730 | ProgramServices |
| Management And General | 35151 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1060700 | Total |
| Program Services | 726581 | ProgramServices |
| Management And General | 272105 | ManagementAndGeneral |
| Fundraising | 62014 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 890109 | Total |
| Program Services | 457071 | ProgramServices |
| Management And General | 433038 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 616117 | Total |
| Program Services | 5511 | ProgramServices |
| Management And General | 610606 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 92502 | Total |
| Management And General | 92502 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3015 | Total |
| Management And General | 3015 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16954 | Total |
| Management And General | 16954 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1041222 | Total |
| Program Services | 267078 | ProgramServices |
| Management And General | 711174 | ManagementAndGeneral |
| Fundraising | 62970 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 482596 | Total |
| Program Services | 167340 | ProgramServices |
| Management And General | 315256 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1130903 | Total |
| Program Services | 846730 | ProgramServices |
| Management And General | 225066 | ManagementAndGeneral |
| Fundraising | 59107 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 804999 | Total |
| Program Services | 226749 | ProgramServices |
| Management And General | 550446 | ManagementAndGeneral |
| Fundraising | 27804 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2520164 | Total |
| Program Services | 1346738 | ProgramServices |
| Management And General | 1173426 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 228951 | Total |
| Program Services | 206923 | ProgramServices |
| Management And General | 20222 | ManagementAndGeneral |
| Fundraising | 1806 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 354880 | Total |
| Program Services | 284555 | ProgramServices |
| Management And General | 6047 | ManagementAndGeneral |
| Fundraising | 64278 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 202713 | Total |
| Program Services | 162777 | ProgramServices |
| Management And General | 39936 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1116711 | Total |
| Program Services | 534049 | ProgramServices |
| Management And General | 582662 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 184906 | Total |
| Program Services | 43794 | ProgramServices |
| Management And General | 141112 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| FED. FINANCIAL AID | 527908 | 527908 | ||
| EXHIBITION EXPENSE | 283161 | 283161 | ||
| LICENSES, REGISTRATION, | 107869 | 88194 | 16775 | 2900 |
| OVERHEAD ALLOCATION | 0 | 4519931 | -4753101 | 233170 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1723015 | Total |
| Program Services | 1165091 | ProgramServices |
| Management And General | 533912 | ManagementAndGeneral |
| Fundraising | 24012 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 31303245 | Total |
| Program Services | 24725512 | ProgramServices |
| Management And General | 5638287 | ManagementAndGeneral |
| Fundraising | 939446 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4901 | BOY |
| EOY | 4898 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3820970 | BOY |
| EOY | 7443466 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 461048 | BOY |
| EOY | 1871280 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 382698 | BOY |
| EOY | 40502181 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16150284 | BOY |
| EOY | 16950589 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 108401 | BOY |
| EOY | 126984 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 83264 | BOY |
| EOY | 35806 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 29917994 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 11921638 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18581575 | BOY |
| EOY | 17996356 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4601327 | BOY |
| EOY | 28225 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7489456 | BOY |
| EOY | 6500000 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 51683924 | BOY |
| EOY | 91459785 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3659296 | BOY |
| EOY | 2361363 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 587645 | BOY |
| EOY | 781726 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9529144 | BOY |
| EOY | 9287690 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 4918500 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 737829 | BOY |
| EOY | 565723 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14513914 | BOY |
| EOY | 17915002 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9617108 | BOY |
| EOY | 3938017 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7812412 | BOY |
| EOY | 6762278 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19740490 | BOY |
| EOY | 62844488 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37170010 | BOY |
| EOY | 73544783 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 51683924 | BOY |
| EOY | 91459785 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 36203072 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | -177235 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 348936 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 6633048 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 4409303 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3169945 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 3172444 | CurrentTaxYearMinus1Year |
| Current Tax Year | 6952654 | CurrentTaxYear |
| Total | 24337394 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 6633048 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 4409303 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3169945 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 3172444 | CurrentTaxYearMinus1Year |
| Current Tax Year | 6952654 | CurrentTaxYear |
| Total | 24337394 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 5470694 | AmountsSubstContributorsTotal |
| Public Support Total170 | 18866700 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1256312 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 330541 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 218559 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 125415 | CurrentTaxYearMinus1Year |
| Current Tax Year | 836103 | CurrentTaxYear |
| Total | 2766930 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 601617 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 73197 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 59487 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 13902 | CurrentTaxYearMinus1Year |
| Current Tax Year | 116668 | CurrentTaxYear |
| Total | 864871 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 27969195 | TotalSupport |
| Gross Receipts From Admissions Etc | 98060708 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.67460 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.85040 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
| General Explanation | SCHEDULE A, PART IV, SUPPLEMENTAL INFORMATION: PART II, LINE 10: INCOME FROM ACTIVITIES NOT REGULARLY CARRIED ON. | GeneralExplanation |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | Volunteers |
| Paid Staff Or Management | 0 | PaidStaffOrManagement |
| Media Advertisements | 0 | MediaAdvertisements |
| Mailings Members | 0 | MailingsMembers |
| Publications Or Broadcast | 0 | PublicationsOrBroadcast |
| Grants Other Organizations | 0 | GrantsOtherOrganizations |
| Direct Contact Legislators | 1 | DirectContactLegislators |
| Direct Contact Legislators | $12,250 | DirectContactLegislatorsAmount |
| Rallies Demonstrations | 0 | RalliesDemonstrations |
| Other Activities | 0 | OtherActivities |
| Total Lobbying Expenditures IIB | 12250 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | 0 | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | EXPLANATION OF LOBBYING ACTIVITIES: | Identifier |
| Return Reference | PART II-B, LINE 1: | ReturnReference |
| Explanation | DURING THE YEAR, THE INSTITUTION PAID FEES TO LOBBYING AGENCIES FOR REPRESENTATIONAL SERVICES. THE FIRMS REPRESENT THE CORCORAN GALLERY OF ART ON CAPITOL HILL FOR THE FURTHERANCE OF ITS MISSIONS. | Explanation |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Scholar Research | X | CollectUsedForScholarResearch |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 19185774 | BeginningOfYearBalance |
| Contributions | 4180579 | Contributions |
| Investment Earnings Or Losses | 153179 | InvestmentEarningsOrLosses |
| Other Expenditures | 9448054 | OtherExpenditures |
| End Of Year Balance | 14071478 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 19502854 | BeginningOfYearBalance |
| Contributions | 6067 | Contributions |
| Investment Earnings Or Losses | -315100 | InvestmentEarningsOrLosses |
| Other Expenditures | 8047 | OtherExpenditures |
| End Of Year Balance | 19185774 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 18339795 | BeginningOfYearBalance |
| Contributions | 17615 | Contributions |
| Investment Earnings Or Losses | 1590997 | InvestmentEarningsOrLosses |
| Other Expenditures | 445553 | OtherExpenditures |
| End Of Year Balance | 19502854 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 23175386 | BeginningOfYearBalance |
| Contributions | 42853 | Contributions |
| Investment Earnings Or Losses | 1617067 | InvestmentEarningsOrLosses |
| Other Expenditures | 6495511 | OtherExpenditures |
| End Of Year Balance | 18339795 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 27862594 | BeginningOfYearBalance |
| Contributions | 35813 | Contributions |
| Investment Earnings Or Losses | -5828851 | InvestmentEarningsOrLosses |
| Other Expenditures | -1105830 | OtherExpenditures |
| End Of Year Balance | 23175386 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.00000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.86500 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.13500 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1255835 | OtherCostOrOtherBasis |
| Book Value | 1255835 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 19996271 | OtherCostOrOtherBasis |
| Depreciation | 5181065 | Depreciation |
| Book Value | 14815206 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3022169 | OtherCostOrOtherBasis |
| Depreciation | 1636658 | Depreciation |
| Book Value | 1385511 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 4806960 | OtherCostOrOtherBasis |
| Depreciation | 4282265 | Depreciation |
| Book Value | 524695 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 836759 | OtherCostOrOtherBasis |
| Depreciation | 821650 | Depreciation |
| Book Value | 15109 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 17996356 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | PROPERTY HELD FOR SALE | Description |
| Book Value | 6500000 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 6500000 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| PERKINS LOAN ADVANCE | $156,341 |
| INTEREST RATE SWAP AGREEMENT | $409,382 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 565723 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 64748858 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -177235 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 1161187 | DonatedSrvcAndUseOfFacilities |
| Other Revenues | -4198392 | OtherRevenues |
| Revenue Not Rptd F990 | -3214440 | RevenueNotRptdF990 |
| Revenue Subtotal | 67963298 | RevenueSubtotal |
| Investment Expenses Not Included | 16954 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | -473935 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -456981 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 67506317 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 28374085 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 1161187 | DonatedServicesUseOfFacilities |
| Other Expenses Included | 702338 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 1863525 | ExpensesNotRptdF990 |
| Expenses Subtotal | 26510560 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 16954 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 4775731 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 4792685 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 31303245 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (8 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART III, LINE 1A: | COLLECTION: THE VALUE OF THE COLLECTION HAS BEEN EXCLUDED FROM THE STATEMENTS OF FINANCIAL POSITION BECAUSE THE COLLECTION IS (A) HELD FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE RATHER THAN FINANCIAL GAIN; (B) ARE PROTECTED, KEPT UNENCUMBERED, CARED FOR, AND PRESERVED; AND (C) SUBJECT TO AN ORGANIZATIONAL POLICY THAT REQUIRES THE PROCEEDS OF ITEMS THAT ARE SOLD TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. ONLY CURRENT YEAR PURCHASES AND PROCEEDS FROM SALES ARE REFLECTED IN THE STATEMENTS OF ACTIVITIES. THE CORCORAN ESTABLISHED COLLECTION PLANS AND A DEACCESSIONING POLICY THAT CONFORM TO ESTABLISHED MUSEUM STANDARD GUIDELINES. INCLUDED IN THESE GUIDELINES IS A POLICY OF THE CORCORAN THAT PROCEEDS FROM THE SALE OF ANY COLLECTION ITEMS ARE TO BE USED TO PURCHASE ADDITIONAL COLLECTION ITEMS. | |
| PART III, LINE 4: | THE COLLECTION OF THE CORCORAN WAS FOUNDED WITH THE PERSONAL ART COLLECTION OF WILLIAM WILSON CORCORAN IN 1869. IN 1925, THE TRUSTEES OF THE CORCORAN ADDED TO THE COLLECTION BY ACCEPTING THE BEQUEST OF WILLIAM ANDREWS CLARK'S COLLECTION OF ART. OVER THE YEARS, MANY DONORS HAVE GENEROUSLY ENRICHED THE MUSEUM'S COLLECTION BY GIFTS OF ART WORKS AND CONTRIBUTIONS FOR ACQUISITION. IN THE COURSE OF ITS HISTORY, THE CORCORAN HAS ESTABLISHED COLLECTIONS IN FIVE DISTINCT AREAS: HISTORIC AMERICAN ART (C. 1650-1980), HISTORIC EUROPEAN ART (C. 1600-1914), PHOTOGRAPHY AND MEDIA ARTS, DECORATIVE ARTS (CLASSICAL ANTIQUITY - PRESENT), AND CONTEMPORARY ART (POST-1980). THE CORCORAN SERVES THREE MAJOR CONSTITUENCIES THROUGH ITS EXHIBITIONS AND PROGRAMMING: LOCAL AREA RESIDENTS, NATIONAL AND INTERNATIONAL VISITORS TO THE NATION'S CAPITAL, AND THE LOCAL ARTISTIC COMMUNITY. THE CORCORAN EMPLOYS CURATORIAL STAFF TO ENSURE THAT THE COLLECTION IS PROTECTED AND PRESERVED. | |
| PART V, LINE 4: | THE CORCORAN'S ENDOWMENT CONSISTS OF SEVERAL INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. AS OF JUNE 30, 2013, THE ENDOWMENT HAD DEFICIENCIES REPORTED IN UNRESTRICTED NET ASSETS OF $6,192,183. THESE DEFICIENCIES RESULTED FROM UNFAVORABLE MARKET FLUCTUATIONS THAT OCCURRED SHORTLY AFTER THE INVESTMENT OF NEW PERMANENTLY RESTRICTED CONTRIBUTIONS AND CONTINUED APPROPRIATIONS THAT WERE DEEMED PRUDENT BY THE BOARD OF TRUSTEES. | DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: |
| PART X, LINE 2: | THE CORCORAN BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND THEREFORE, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. AT A MINIMUM, THE TAX YEARS ENDING IN 2010 THROUGH 2013 ARE OPEN FOR EXAMINATION BY TAX AUTHORITIES. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 392,770. GAIN ON INTEREST RATE SWAP AGREEMENT 184,569. SCHOLARSHIPS -4,775,731. | PART XI, LINE 2D - OTHER ADJUSTMENTS: | |
| FUNDRAISING EVENTS -556,550. COST OF GOODS SOLD -85,788. BAD DEBT EXPENSE 168,403. | PART XI, LINE 4B - OTHER ADJUSTMENTS: | |
| FUNDRAISING EVENTS 556,550. COST OF GOODS SOLD 85,788. BAD DEBT EXPENSE 60,000. | PART XII, LINE 2D - OTHER ADJUSTMENTS: | |
| SCHOLARSHIPS 4,775,731. | PART XII, LINE 4B - OTHER ADJUSTMENTS: |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | NORTH AMERICA | Region |
| Number Of Offices | 0 | NumberOfOffices |
| Number Of Employees | 1 | NumberOfEmployees |
| Type Of Activities Conducted | PROGRAM SERVICES | TypeOfActivitiesConducted |
| Specific Services Provided | ART EXHIBITION | SpecificServicesProvided |
| Total Expenditures | 20000 | TotalExpenditures |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 0 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 1 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 1 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 20000 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 20000 | TotalAmountSpent |
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | BALL | NameOfEvent1 |
| Gross Receipts Event1 | 575021 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 402514 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 172507 | GrossRevenueEvent1 |
| Other Direct Expenses Event1 | 516012 | OtherDirectExpensesEvent1 |
| Name Of Event2 | ARTINI | NameOfEvent2 |
| Gross Receipts Event2 | 84488 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 50693 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 33795 | GrossRevenueEvent2 |
| Other Direct Expenses Event2 | 40538 | OtherDirectExpensesEvent2 |
| Gross Receipts Total | 659509 | GrossReceiptsTotal |
| Charitable Contributions Total | 453207 | CharitableContributionsTotal |
| Gross Revenue Total Events | 206302 | GrossRevenueTotalEvents |
| Other Direct Expenses Total Events | 556550 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 556550 | DirectExpenseSummaryEvents |
| Net Income Summary | -350248 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | SCHOLARSHIPS | TypeOfGrant |
| Number Of Recipients | 511 | NumberOfRecipients |
| Amount Of Cash Grant | 5126742 | AmountOfCashGrant |
| Method Of Valuation | FMV | MethodOfValuation |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: GRANTS CONSIST OF SCHOLARSHIPS TO STUDENTS TO ATTEND CORCORAN COLLEGE OF ART. IN GENERAL, THE SCHOLARSHIP IS APPLIED DIRECTLY TO THE STUDENT'S ACCOUNT TO OFFSET TUITION AND FEES. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FRED BOLLERER | ||||||||||||||
| PRESIDENT (TIL APR 13) | 360039 | 0 | 0 | 0 | 5400 | 0 | 0 | 0 | 6921 | 0 | 372360 | 0 | 0 | 0 |
| CATHERINE ARMOUR | ||||||||||||||
| PROVOST AND CHIEF ACADEMIC OFFICER | 196077 | 0 | 0 | 0 | 0 | 0 | 769 | 0 | 7950 | 0 | 204796 | 0 | 0 | 0 |
| LAUREN GARCIA | ||||||||||||||
| COO | 190861 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15738 | 0 | 206599 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SUPPLEMENTAL INFORMATION | Identifier |
| Return Reference | PART III | ReturnReference |
| Explanation | FRED BOLLERER SERVED AS THE CORCORAN'S PRESIDENT UNTIL APRIL 2013. HIS COMPENSATION REPORTED HERE REPRESENTS HIS SALARY FOR THE ENTIRE 2012 CALENDAR YEAR, RATHER THAN FOR THE 10 MONTHS DURING WHICH HE SERVED AS PRESIDENT FOR THE FISCAL YEAR ENDED JUNE 30, 2013. PEGGY LOAR BECAME THE CORCORAN'S INTERIM PRESIDENT IN APRIL 2013. HER REPORTABLE COMPENSATION FOR THE PERIOD APRIL THROUGH JUNE 2013 WILL BE INCLUDED ON HER FORM W-2 FOR THE 2013 CALENDAR YEAR. THIS COMPENSATION WILL BE REPORTED ON THE CORCORAN'S 2013 FORM 990, FOR THE FISCAL YEAR ENDED JUNE 30, 2014. | Explanation |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 94 | NumberOfContributions |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 10 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 190058 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | A DRAFT COPY OF THE COMPLETE RETURN IS SENT TO THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW. ALL QUESTIONS AND COMMENTS RAISED BY THE COMMITTEE ARE ADDRESSED PRIOR TO SUBMISSION TO THE IRS. ONCE THE 990 HAS BEEN FILED, THE CHAIRMAN OF THE FINANCE COMMITTEE REPORTS TO THE BOARD THAT THE REVIEW TOOK PLACE AND THAT THE FORM HAS BEEN FILED. | |
| FORM 990, PART VI, SECTION B, LINE 12C | BOARD MEMBERS SHALL NOT VOTE ON, APPROVE, OR RECOMMEND ANY TRANSACTION IN WHICH THEY HAVE AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST. IF THEY ARE PRESENT AT A MEETING OF THE BOARD OR ANY COMMITTEE AT WHICH SUCH A MATTER IS CONSIDERED, THEY MUST DISQUALIFY THEMSELVES FROM PARTICIPATING IN THE DISCUSSION AND VOTE BY EXCUSING THEMSELVES FROM THAT PORTION OF THE MEETING. IN ADDITION, BOARD MEMBERS AND OFFICERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST STATEMENT ANNUALLY. | |
| FORM 990, PART VI, SECTION B, LINE 15A | THE COMPENSATION OF THE DIRECTOR/PRESIDENT IS DETERMINED BY THE EXECUTIVE COMMITTEE AND IS REVIEWED EVERY THREE YEARS. CHANGES TO HIS OR HER SALARY ARE GUIDED BY THE FOLLOWING FACTORS: (A) THE INTRINSIC QUALITY OF HIS OR HER MANAGEMENT, INTELLECTUAL LEADERSHIP, AND PUBLIC REPRESENTATION OF THE CORCORAN; (B) THE ORGANIZATION'S FINANCIAL PERFORMANCE AND STABILITY; (C) THE COMPENSATION OF SIMILAR POSITIONS OF OTHER, SIMILAR ORGANIZATIONS BASED ON SURVEYS AND COMPENSATION STUDIES; AND (D) ADDITIONAL, SIMILAR FACTORS THE COMMITTEE DEEMS APPROPRIATE, SUCH AS DONATIONS PROCURED. THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE DIRECTOR/PRESIDENT USING THE SAME GUIDELINES DESCRIBED ABOVE. | |
| FORM 990, PART VI, SECTION C, LINE 19 | ALL GOVERNING DOCUMENTS INCLUDING THE 990 ARE MADE AVAILABLE UPON REQUEST. | |
| FORM 990, PART VII, LINE 1A: | FRED BOLLERER SERVED AS THE CORCORAN'S PRESIDENT UNTIL APRIL 2013. HIS COMPENSATION REPORTED HERE REPRESENTS HIS SALARY FOR THE ENTIRE 2012 CALENDAR YEAR, RATHER THAN FOR THE 10 MONTHS DURING WHICH HE SERVED AS PRESIDENT FOR THE FISCAL YEAR ENDED JUNE 30, 2013. PEGGY LOAR BECAME THE CORCORAN'S INTERIM PRESIDENT IN APRIL 2013. HER REPORTABLE COMPENSATION FOR THE PERIOD APRIL THROUGH JUNE 2013 WILL BE INCLUDED ON HER FORM W-2 FOR THE 2013 CALENDAR YEAR. THIS COMPENSATION WILL BE REPORTED ON THE CORCORAN'S 2013 FORM 990, FOR THE FISCAL YEAR ENDED JUNE 30, 2014. | |
| FORM 990, PART XI, LINE 9: | CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 392,770. GAIN ON INTEREST RATE SWAP AGREEMENT 184,569. BAD DEBT EXPENSE -228,403. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART XII, LINE 2C: | THE AUDIT OVERSIGHT PROCESS HAS REMAINED UNCHANGED FROM THE PREVIOUS YEAR. |
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