2012-03-30T15:59:37-07:00 2011-06-30 SCHERRER HERNANDEZ & CO PO BOX 363436 SAN JUAN PR 009363436 990 2010-07-01 660537284 MUSEO DE ARTE DE PUERTO RICO INC MUSE 7879776277 PO BOX 41209 SAN JUAN PR 00940 Sonia Dominguez 2012-03-29 DERVIN M CABASSA 7877543999 2010 2016-02-24 21:20:13Z 6383150 false false X www.mapr.org X 1996 PR Operating an art museum that promotes the knowledge and appreciation of the visual arts in Puerto Rico. 19 0 63 0 4637539 3876647 1630306 8757 7378 1112244 868819 5758540 6383150 0 0 1829082 0 0 6293074 4778734 6293074 6607816 -534534 -224666 4672298 4892434 2652663 3097469 2019635 1794965 Operating an art museum that promotes the knowledge and appreciation of the visual arts in Puerto Rico. false false 1098076 1161581 Auxiliary Enterprises: membership and sponsorship activities to maintain the operation of the museum, that includes the maintenance of the facilities including utilities, which are essential to keep in optimum condition and that house the art collection. 1010245 65305 Exhibitions, research and conservation:This department is responsible for promoting the knowledge and appreciation of the arts through exhibitions featuring by the museum. This department is the guardian of the artwork and taking charge of its conservation and preservation of them for future generations. 585570 403420 Education & Public Programs:The education and public program department foster formal and informal learning experiences, based on the MAPR's permanent collection. Through their programs they encourage the discovery of the aesthetic, historical, social and cultural values of the permanent collection of the Museo de Arte de Puerto Rico and its many temporary exhibitions. The department develops Public Programs and interpretive strategies in tune with the needs and interest of our diverse audiences. Also, develop curriculum-base programs and activities for PreK-12 students to support their academic achievement and foster 21st Century Skills. 2693891 true false false false false false false true false false true false false false true true true false false false false false false false true false false false false false false false false false false false false false false false false true false false false false false false false false false true 0 0 false 63 true false false false false false false false false true true false 0 false false false false false false false false false false false X 19 0 false false false false false false false true true false false false true true true true false true true true false false X SONIA DOMINGUEZ 7879776277 299 DE DIEGO AVE PARADA 22 SAN JUAN PR 00907 Zoila Levis 0.00 X 0 0 0 Terruca Rulln 0.00 X 0 0 0 Sonia Dominguez Bermudez 40.00 X 104639 0 0 Rene de la Cruz 0.00 X 0 0 0 Osiris Delgado 0.00 X 0 0 0 Myrna Perez Valentin 40.00 X 93000 0 0 Miguel A Ferrer 0.00 X 0 0 0 Melba Acosta 0.00 X 0 0 0 Marianne Maldonado del Valle 0.00 X 0 0 0 Mariam Noble de Guillemard 0.00 X 0 0 0 Mabel Burckhart 0.00 X 0 0 0 Lourdes Ramos Rivas 40.00 X 150000 0 0 Juan C Batlle 0.00 X 0 0 0 Jose Domingo Perez 0.00 X 0 0 0 Jorge Coln Gerena 0.00 X 0 0 0 John T Belk 0.00 X 0 0 0 Joaquin Bacardi III 0.00 X 0 0 0 Hector Feliciano 0.00 X 0 0 0 Guillermo L Martinez 0.00 X 0 0 0 Doreen Colon Camacho 40.00 X 60900 0 0 Diego R Figueroa 0.00 X 0 0 0 Carlos A Trapaga 0.00 X 0 0 0 Arturo Garcia-Sol 0.00 X 0 0 0 Alan Cohen 0.00 X 0 0 0 408539 2 false false false Technical Concrete Works Inc 230 Golondrina St Dorado PR 00646 Construction 186281 St James Security Services Urb Caribe 1604 Ave Ponce de Leon San Juan PR 00926 Security 142445 Securitas Security Services PO Box 41209 San Juan PR 00940 Security 174171 Iedifiko PO Box 10777 San Juan PR 00922 Bldg. Management 146274 GM Security Technologies PO Box 365051 San Juan PR 009365051 Security 157069 7 185177 490797 2975001 225672 204033 3876647 Exhibitions 65305 65305 Education and programs 403420 403420 Auxiliary enterprise 1161581 1161581 1630306 7378 7378 0 0 264046 264046 264046 264046 0 497200 275000 497200 0 0 Other Income 900099 19221 19221 Concession Fees 88352 88352 107573 6383150 2127506 378997 0 0 0 0 408539 408539 0 1181906 1054930 126976 23893 10744 13149 48980 48980 165764 165764 0 52936 52936 0 0 0 0 2198130 196839 2001291 207098 16739 190359 259232 39064 220168 0 0 0 6386 6386 0 0 2663 2663 0 373524 373524 112998 68713 44285 Repairs & Maintenance 93033 1925 91108 Miscellaneous 127124 73157 53967 Fund Raising Activities 426022 426022 Exhibitions Expense 508338 508338 Education & Public Programs 279543 266684 12859 131707 30736 100971 6607816 2693891 3913925 0 1198002 397846 350000 0 1988559 2254716 0 0 0 185408 174467 102862 103380 3585178 1973153 1197467 1612025 0 0 0 0 0 4672298 4892434 1880200 788252 738164 2286457 34299 22760 2652663 3097469 X 38580 1269635 1006385 750000 750000 2019635 1794965 4672298 4892434 X -224666 -4 X false true true X false false X 3772905 4264251 7182227 4599707 4977525 24796615 0 0 3772905 4264251 7182227 4599707 4977525 24796615 0 24796615 467958 368536 372322 314208 271424 1794448 0 1305941 468556 481246 76220 107573 2439536 29030599 8782531 0.85420 0.82000 X X X X false 1855838 1225647 630191 974235 625005 349230 755105 122501 632604 1612025 Obligations Under Capital Lease 22760 22760 6383150 6607816 -224666 -4 -4 -224670 6383150 6383150 6383150 6607816 6607816 6607816 Part X Part X : FIN48 Footnote In 2006, the FASB issued authoritative guidance which clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements. This guidance prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. It also provides guidance on recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. In December 2008, the FASB amended the original guidance issued in June 2006, which defers the effective date for nonpublic enterprises to the annual financial statements for fiscal years beginning after December 15, 2008. In September 2009, FASB issued the Accounting Standard Update No. 2009-06 (ASC Topic 740), Implementation Guidance on Accounting for Uncertainty in Income Taxes and Disclosure Amendments for Nonpublic Entities, which provides additional implementation guidance on the accounting for uncertainty in income taxes. The update establishes that if income taxes paid by the entity are attributable to the entity, the transaction should be accounted consistent with previously authoritative guidance for uncertainty in income taxes. If income taxes paid by the entity are attributable to the owners, the transaction should be recorded as a transaction with owners. This update also clarifies that management's determination of the taxable status of the entity is a tax position subject to the standards required for uncertainty in income taxes and that a reporting entity must consider the tax positions of all entities within a related group of entities regardless of the tax status of the reporting entity. The update is effective for financial statements issued for interim and annual periods beginning after December 15, 2008. Management adopted this guidance on the Museum's financial statements during the fiscal year ended June 30, 2010. Part III, Line 1a Part III, Line 1a: If organization elected under SFAS 116 to not report are, historical treasures, o The Museum's collection consist of more than 1,000 works of art dating from the 17th century through the present. These collection items present several art techniques. The art collections are maintained for public exhibition, education, and research in furtherance of public service, rather than for financial gain.The Museum's art collections, acquired through purchases and donations, are not recognized as assets in the accompanying financial statements. Purchases of art collection items are recorded in the year in which the items were acquired as decreases in unrestricted net assets. Contributed collection items are not reflected in the financial statementsThe Museum's art collection, acquired through purchases or donations are not capitalized and accordingly are not recognized as assets in the accompanying financial statements. Purchases of art collection items are recorded in the year in which the items were acquired and are recognized as decreases in unrestricted net assets. Donated art collection items are not reflected in the financial statements. Prior to July 1, 2008, the Museum recognized its art collections as financial assets. Art purchased directly by the Museum was recorded at cost. Donated works of art received as gifts were recorded at their net estimated fair market value at the date of the donation. The Museum's art collection are considered works of art and historical treasures and, therefore, were not depreciated. As of July 1, 2008, the Museum changed its method of accounting as allowed under the provisions of ASC 958 "Not-for-profit entities" and opted to not capitalize the art collection. At June 30, 2011 and 2010, the Museum had an art collection at fair market value amounting to: Art Collection 2011 $6,770,671Art Collection 2010 $6,730,668 X X X X X X X false Gran Gala 772200 275000 497200 772200 275000 497200 497200 X Other 1 1405 Cost X Advertising 1 173628 Cost false false false Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Governing documents, conflict of interest policy, and financial statements are available upon request, such as governmental, and federal proposals and tax returns. Form 990, Part VI, Line 12c Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Annually the organization requires that each member review and consent compliance with the conflict of interest policy. Form 990, Part VI, Line 11 Form 990, Part VI, Line 11: Form 990 Review Process Form 990 is revised by the Administration and Finance Director, then it is revised and signed by the Executive Director. Finally the Administration of the Board and the Finance Committee revise it.