2012-05-14T07:34:35-05:00 2011-06-30 LUTZ AND CARR CPAS LLP 300 EAST 42ND STREET NEW YORK NY 10017 990 2010-07-01 237397946 DIA CENTER FOR THE ARTS INC DIAC 2129895566 535 WEST 22ND STREET 4TH FLOOR NEW YORK NY 10011 PHILIPPE VERGNE 2129895566 2012-05-14 1 FREDERICK MARTENS 2126972299 2010 2016-02-24 21:20:13Z DIA ART FOUNDATION PHILIPPE VERGNE 535 WEST 22ND STREET 4TH FLOOR NEW YORK NY 10011 50030614 0 X WWW.DIAART.ORG X 1974 NY DIA ART FOUNDATION IS INTERNATIONALLY RECOGNIZED AS ONE OF THE WORLD'S MOST INFLUENTIAL CONTEMPORARY ART INSTITUTIONS. SINCE ITS INCEPTION, DIA HAS FULFILLED ITS MISSION BY DEDICATING RESOURCES TO REALIZING SITE-SPECIFIC AND SINGLE-ARTIST PROJECTS, ORGANIZING HISTORICAL EXHIBITIONS, AND COLLECTING IN-DEPTH THE WORK OF A FOCUSED GROUP OF SOME OF THE MOST RENOWNED ARTISTS OF THE 1960S AND 1970S. IN ADDITION, DIA PRESENTS A SERIES OF ARTISTS' WEB PROJECTS COMMISSIONED FOR THE INTERNET, OPERATES A LONG-RUNNING PUBLICATION PROGRAM, AND OFFERS A VARIETY OF PUBLIC AND EDUCATIONAL PROGRAMS AT ITS SITES THROUGHOUT NEW YORK AND THE WESTERN UNITED STATES. 10 10 137 10 0 0 3178656 13850066 639715 1138049 537345 2519325 1932171 1870025 6287887 19377465 132000 870425 0 0 4424078 4671512 0 58400 1126174 3850510 5412812 8406588 11013149 -2118701 8364316 103820469 129996387 978293 13020278 102842176 116976109 X DIA ART FOUNDATION WAS FOUNDED IN 1974 TO SUPPORT AMBITIOUS AND INNOVATIVE ARTISTS WHOSE WORKS EXCEED THE SCOPE OF TRADITIONAL MUSEUMS AND GALLERIES. TAKEN FROM THE GREEK WORD MEANING "THROUGH," DIA INITIATES, SUPPORTS, PRESENTS, AND PRESERVES EXTRAORDINARY, LONG-TERM ART PROJECTS, AND COLLECTS IN-DEPTH THE WORK OF THE SOME OF THE MOST RENOWNED ARTISTS OF THE LAST HALF-CENTURY. 0 0 8093670 870425 1119556 EXHIBITIONSDIA CONTINUES TO MAINTAIN 8 LONG-TERM, SITE-SPECIFIC PROJECTS LOCATED IN VARIOUS STATES ACROSS THE COUNTRY INCLUDING; WALTER DE MARIA'S THE LIGHTNING FIELD (1977) LOCATED IN NEW MEXICO WHICH RECEIVES APPROXIMATELY 700 VISITORS ANNUALLY; ROBERT SMITHSON'S SPIRAL JETTY (1970) LOCATED IN THE GREAT SALT LAKE IN UTAH; TWO PERMANENT GALLERY INSTALLATIONS IN NEW YORK CITY BY WALTER DE MARIA, THE NEW YORK EARTH ROOM (1977) AND THE BROKEN KILOMETER (1979), WHICH EACH RECEIVE APPROXIMATELY 10,000 VISITOR EACH; AND THE DAN FLAVIN ART INSTITUTE LOCATED IN BRIDGEHAMPTON, NEW YORK WHICH RECEIVED APPROXIMATELY 2000 VISITORS. THESE INSTALLATIONS ARE FREE TO THE PUBLIC, WITH THE EXCEPTION OF THE LIGHTNING FIELD, FOR WHICH AN OVERNIGHT STAY IS REQUIRED. DIA:BEACON, DIA'S LARGEST EXHIBITION FACILITY, IS LOCATED ON THE HUDSON RIVER AND HOUSES OUR PERMANENT COLLECTION, COMPRISING MAJOR WORKS OF ART FROM THE 1960'S TO THE PRESENT. APPROXIMATELY 240,000 SQUARE-FEET OF THE BUILDING IS USED FOR PUBLIC VIEWING OF BOTH PERMANENT COLLECTION AND TEMPORARY EXHIBITIONS, ARTIST DESIGNED GARDENS, A BOOKSHOP AND CAFE. ATTENDANCE DURING THE FISCAL YEAR 2011 TOTALED 65,072 VISITORS. DIA ART FOUNDATION CONTINUED ITS COLLABORATION WITH THE HISPANIC SOCIETY OF AMERICA, PRESENTING A SERIES OF PROJECTS BY CONTEMPORARY ARTISTS PRESENTED IN THE SOCIETY'S BEAUX-ARTS BUILDINGS IN THE WASHINGTON HEIGHTS DISTRICT OF NEW YORK CITY. IN ADDITION TO MAINTAINING AND PROGRAMMING ITS MANY SITES, DIA CO-ORGANIZED A TOUR OF ITS EXHIBITION BLINKY PALERMO: RETROSPECTIVE 1964-1977 TO VENUES INCLUDING THE LOS ANGELES COUNTY MUSEUM OF ART IN LOS ANGELES, THE HIRSHHORN MUSEUM AND SCULPTURE GARDEN IN WASHINGTON, D.C. AND AT CCS BARD IN ANNANDALE-ON-HUDSON, NEW YORK. 158508 193936 EDUCATION AND OUTREACH (INCLUDING VISITOR SERVICES AND BOOKSHOP)PUBLIC AND EDUCATION PROGRAMMING AT DIA:BEACON -THE ARTS EDUCATION PROGRAM CONTINUES TO SERVE AROUND 330 STUDENTS A YEAR. THE PROGRAM WORKS IN PARTNERSHIP WITH EVERY K-12 PUBLIC SCHOOL IN THE LOCAL BEACON SCHOOL DISTRICT, EMPLOYING 7 TEACHING ARTISTS A YEAR TO DEVELOP LESSON PLANS IN COLLABORATION WITH LOCAL EDUCATORS. THE PROGRAM OFFERS A SCHEDULE OF FIELD TRIPS AND IN-CLASS SESSIONS, AS WELL AS A YEAR-END EXHIBITION OF STUDENT WORK HOSTED IN DIA:BEACON'S LEARNING LAB.-SCHOOL TOURS PROGRAM: DIA:BEACON ALSO OFFERS TEACHING ARTIST-LED TOURS TO SCHOOLS AND COMMUNITY GROUPS FROM LOCATIONS THROUGHOUT THE HUDSON VALLEY AND NEW YORK CITY AT DISCOUNTED GROUP TOUR RATES. SCHOOL TOUR ATTENDANCE IN FISCAL YEAR 2011 INCLUDED 2,183 STUDENTS FROM REGIONAL PUBLIC SCHOOLS, 348 STUDENTS FROM REGIONAL PRIVATE SCHOOLS, AND AN ADDITIONAL 114 CHILDREN FROM AFTER-SCHOOL PROGRAMS AND NON-SCHOOL ORGANIZATIONS.-INTERNSHIP PROGRAM: DIA HAS ESTABLISHED LONG-TERM RELATIONSHIPS WITH VARIOUS HUDSON VALLEY INSTITUTIONS INCLUDING BARD COLLEGE AND VASSAR COLLEGE. STUDENTS FROM THESE AND OTHER AREA SCHOOLS ARE REGULARLY ENGAGED IN SEMESTER-LONG INTERNSHIPS AT DIA:BEACON. -GENERAL PUBLIC TOURS OF THE COLLECTION ARE OFFERED FREE WITH MUSEUM ADMISSION EACH SATURDAY AT 1 PM. ATTENDANCE IN FISCAL YEAR 2011 INCLUDED 1,325 VISITORS.-MONTHLY GALLERY TALKS BY INVITED BY CURATORS, ART HISTORIANS, ARTISTS, AND WRITERS ARE PRESENTED FREE OF CHARGE WITH MUSEUM ADMISSION ON THE LAST SATURDAY OF EVERY MONTH AT 1PM. THESE ONE-HOUR TALKS TAKE PLACE IN THE MUSEUM'S GALLERIES AND FOCUS ON THE WORK OF A ONE ARTIST IN DIA'S COLLECTION OR EXHIBITION PROGRAM. ATTENDANCE IN FISCAL YEAR 2011 INCLUDED 280 VISITORS.-COMMUNITY FREE DAYS AT DIA:BEACON OFFER FREE ADMISSION FOR THE RESIDENTS OF THE NINE COUNTIES NEIGHBORING DIA:BEACON (COLUMBIA, DUTCHESS, GREENE, ORANGE, PUTNAM, ROCKLAND, SULLIVAN, ULSTER, AND WESTCHESTER). TWO COMMUNITY FREE DAYS WERE HOSTED IN FISCAL YEAR 2011, AND WELCOMED A TOTAL OF 1,458 VISITORS.-THE BEACON FREE WEEKENDS INITIATIVE OFFERS FREE ADMISSION FOR ALL RESIDENTS OF THE CITY OF BEACON, AND WAS LAUNCHED IN OCTOBER 2009. PUBLIC AND EDUCATION PROGRAMMING IN NEW YORK CITY -DIA'S EDUCATION PROGRAMS IN NEW YORK CITY WORK WITH TITLE 1, K-12 SCHOOLS THROUGHOUT THE CITY, PROVIDING STUDENTS AND TEACHERS WITH THE OPPORTUNITY TO EXPERIENCE DIA'S PERMANENT SITES AND CONTEMPORARY ART PROGRAMMING THROUGH GUIDED TOURS AND IN-CLASS WORKSHOPS. IN FISCAL YEAR 2011, EDUCATION PROGRAMMING FOCUSED ON KOO JEONG A EXHIBITION, TITLED CONSTELLATION CONGRESS, PRESENTED THROUGH THE DIA AT THE HISPANIC SOCIETY PARTNERSHIP AND SERVED AROUND 300 STUDENTS FROM 6 LOCAL SCHOOLS. -OTHER PUBLIC PROGRAMMING OFFERED IN CONJUNCTION WITH KOO JEONG A'S CONSTELLATION CONGRESS INCLUDED A TALK BY ARCHITECTURAL DESIGNER MABEL WILSON, WHICH WAS ATTENDED BY AROUND 30 VISITORS.OTHER PROGRAMMING HOSTED AT DIA'S 535 WEST 22ND STREET BUILDING:-THE ARTISTS ON ARTISTS LECTURE SERIES WAS ESTABLISHED IN 2001 TO HIGHLIGHT THE WORK OF CONTEMPORARY ARTISTS FROM THE PERSPECTIVE OF THEIR COLLEAGUES AND PEERS. IN FISCAL YEAR 2011, DIA PRESENTED 7 LECTURES WITH TOTAL ATTENDANCE OF 601 VISITORS. -IN FALL 2010, DIA RE-LAUNCHED ITS CELEBRATED READINGS IN CONTEMPORARY POETRY PROGRAM AFTER A HIATUS OF 8 YEARS. EACH EVENT PRESENTED THROUGH THIS SERIES PAIRS TWO POETS FROM DIFFERENT GENERATIONS TO PRESENT PUBLIC READINGS OF NEW WORK OR WORK IN PROGRESS. IN FISCAL YEAR 2011, DIA PRESENTED 6 READINGS WITH TOTAL ATTENDANCE OF 460 VISITORS. -DIA OFFERS LAUNCH EVENTS FOR EACH NEW WORK COMMISSIONED THROUGH THE ARTISTS' WEB PROJECTS PROGRAM. EACH OF THESE EVENTS INCLUDES A PUBLIC RECEPTION AND AN INFORMAL CONVERSATION BETWEEN DIA'S CURATOR AND THE COMMISSIONED ARTIST. A PROJECT LAUNCH FOR LISI RASKIN'S WARNING WARUM WAS HOSTED ON NOVEMBER 13, 2009.-DIA CONTINUES TO HOST SPECIAL EVENTS PRESENTED BY ELECTRONIC ARTS INTERMIX (EAI) ON THE 5TH FLOOR. EAI IS A LEADING NONPROFIT RESOURCE FOR VIDEO ART AND INTERACTIVE MEDIA. 127480 135510 PUBLICATIONSDIA'S PUBLICATION PROGRAM, IMPLEMENTED IN 1987, HAS PRODUCED OVER 75 VOLUMES INCLUDING MONOGRAPHS, ANTHOLOGIES, AND COLLECTIONS OF CRITICISM AND SCHOLARSHIP. THROUGH THESE PUBLICATIONS DIA HAS ESTABLISHED A TRADITION OF RIGOROUS SCHOLARSHIP AND STRIVES TO OFFER IN-DEPTH EXPLORATIONS OF OUR EXHIBITIONS, SITES, AND PERMANENT COLLECTION.THESE AND OTHER DIA PUBLICATIONS ARE AVAILABLE FOR PURCHASE AT DIA:BEACON'S BOOKSTORE AT 3 BEEKMAN ST., BEACON, NEW YORK AND THROUGH DIA'S WEBSITE. DIA'S PUBLICATIONS ARE FURTHER DISTRIBUTED TO THE TRADE MARKET BY D.A.P. (DISTRIBUTED ART PUBLISHERS), YALE UNIVERSITY PRESS AND THE UNIVERSITY OF CALIFORNIA PRESS. 8379658 1 1 0 0 0 0 1 0 1 1 1 0 1 1 1 0 1 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 75 0 137 1 0 0 0 0 0 1 1 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X ASHLEY MOHR 2129895566 535 WEST 22ND STREET 4TH FLOOR NEW YORK NY 10011 NATHALIE DE GUNZBERG 1.00 X X 0 0 0 HOWARD RACHOFSKY 1.00 X X 0 0 0 CHRISTINE STANTON 1.00 X X 0 0 0 CHRISTOPHER BASS 1.00 X 0 0 0 FRANCES BOWES 1.00 X 0 0 0 SANDRA J BRANDT 1.00 X 0 0 0 DONALD R MULLEN 1.00 X 0 0 0 ROBERT RYMAN 1.00 X 0 0 0 JIMMY TRABOULSI 1.00 X 0 0 0 CHARLES B WRIGHT 1.00 X 0 0 0 PHILLIPE VERGNE 40.00 X 390840 0 28366 CAROLYN K CARSON 40.00 X 161485 0 15126 LAURA RAICOVICH 40.00 X 177993 0 22911 JAMES SCHAEUFELE 40.00 X 183285 0 27176 SARA TUCKER 40.00 X 102647 0 28903 KAREN KELLY 40.00 X 100023 0 28255 1116273 0 150737 6 0 1 0 HIRTLE CALLAHAN AND CO FIVE TOWER BRIDGE SUITE 500 300 B WEST CONSHOHOCKEN PA 19428 INVESTMENT MANAGEMENT 205367 KRAMER LEVIN NAFTALIS & FRANKEL 1177 AVENUE OF THE AMERICAS NEW YORK NY 10036 LEGAL-REAL ESTATE ADVISORY 146357 2 924103 85346 12840617 608075 13850066 ADMISSIONS 713990 613487 613487 TRAVELING EXHIBITIONS 713990 524562 524562 1138049 1285871 1285871 6670 6670 2081080 680603 1400477 1400477 1400477 30717894 29484440 1233454 1233454 1233454 231044 924103 231044 0 715449 257062 458387 310953 147434 MISCELLANEOUS INCOME 900099 4491 4491 4491 19377465 1449002 0 4078397 870425 870425 1034287 428068 298679 307540 2805970 2112274 358893 334803 63519 18865 44654 432806 338312 60803 33691 334930 228445 57117 49368 62628 57424 4975 229 60170 8700 51470 58400 58400 255054 255054 461124 200099 49189 211836 63326 58662 4664 707470 553794 78392 75284 949883 904897 44208 778 242709 180001 45183 17525 395625 337119 57747 759 475276 441739 33537 CAPITAL MAINTENANCE 667900 667900 ART FABRICATION & PROD. 634172 634172 EQUIPMENT MAINTENANCE 203457 177694 22823 2940 RECEPTION EXPENSES 59651 30629 21242 7780 ARTIST FEES 56476 56476 117891 73963 23351 20577 11013149 8379658 1507317 1126174 1208421 2216026 258771 268182 283977 9530501 59816 93690 332611 337451 261163 530257 48946087 11104433 12856589 37841654 50926688 56042410 37334116 11052832 298317 12083384 103820469 129996387 722638 1084420 91786 121329 11500000 163869 314529 978293 13020278 X 97148606 110790569 1588370 2080340 4105200 4105200 102842176 116976109 103820469 129996387 X 8364316 5769617 X 0 1 1 X 0 X 7681578 3696520 3442940 3178656 13850066 31849760 7681578 3696520 3442940 3178656 13850066 31849760 13633913 18215847 2115134 2701948 3694546 3260347 3373621 15145596 17885 27654 15084 2837 4491 67951 47063307 5751649 0.38700 0.51260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 51089655 8121901 2959555 56252001 49319371 4427849 2657565 51089655 18364550 38248996 -4180430 3113745 49319371 0.89640 0.07300 0.03060 0 0 6215652 6215652 2252859 927692 1325167 39525391 9395455 30129936 952185 781286 170899 37841654 ALTERNATIVE INVESTMENTS - OFFSHORE INVESTMENT FUNDS 11052832 F 11052832 SECURITY DEPOSITS 900 CONSTRUCTION IN PROGRESS 11885776 LEASE ACQUISITION COSTS 51048 DEFERRED RENTAL INCOME 145660 12083384 SECURITY DEPOSITS PAYABLE 314529 314529 PART III, LINE 1A: THE COLLECTION, WHICH WAS ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE ORGANIZATION'S INCEPTION, IS NOT RECOGNIZED AS AN ASSET ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE EXPENSED IN THE YEAR OF ACQUISITION. CONTRIBUTIONS OF COLLECTION ITEMS ARE NOT RECOGNIZED IN THE STATEMENT OF ACTIVITIES. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED ON THE STATEMENT OF ACTIVITIES BASED ON THE ABSENCE OR EXISTENCE AND NATURE OF DONOR-IMPOSED RESTRICTIONS. THERE WERE NO DEACCESSIONS OR INSURANCE RECOVERIES DURING THE YEARS ENDED JUNE 30, 2011 OR 2010. THE COLLECTION IS HELD FOR PUBLIC SERVICE RATHER THAN FINANCIAL GAIN, PROTECTED AND PRESERVED, AND SUBJECT TO AN ORGANIZATIONAL POLICY THAT REQUIRES THE PROCEEDS FROM SALES OF SUCH ITEMS TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. THE COLLECTION IS INSURED FOR $125,000,000. PART III, LINE 4: ASSEMBLED LARGELY DURING THE 1970'S AND EARLY 1980'S BY DIA'S FOUNDERS, PHILIPPA DE MENIL AND HEINER FRIEDRICH, THE ORIGINAL COLLECTION INCLUDED WORKS BY SOME OF THE MOST IMPORTANT ARTISTS OF THE 1960S AND 1970S INCLUDING JOSEPH BEUYS, JOHN CHAMBERLAIN, WALTER DE MARIA, DAN FLAVIN, DONALD JUDD, IMI KNOEBEL, BLINKY PALERMO, FRED SANDBACK, CY TWOMBLY, ANDY WARHOL, AND ROBERT WHITMAN. ANTICIPATING THE CREATION OF DIA:BEACON, THE COLLECTION WAS SIGNIFICANTLY AUGMENTED BEGINNING IN THE LATE 1990'S WITH WORKS BY ARTISTS OF THE SAME GENERATION AS THOSE DIA HISTORICALLY SUPPORTED. THESE INCLUDE BERND AND HILLA BECHER, LOUISE BOURGEOIS, MICHAEL HEIZER, ROBERT IRWIN, ON KAWARA, SOL LEWITT, AGNES MARTIN, BRUCE NAUMAN, ROBERT RYMAN, GERHARD RICHTER, RICHARD SERRA, ROBERT SMITHSON, AND LAWRENCE WEINER. SINCE ITS FOUNDING IN 1974, DIA HAS BEEN DEDICATED TO SUPPORTING INDIVIDUAL ARTISTS AND TO PROVIDING LONG-TERM, IN-DEPTH PRESENTATIONS OF THEIR ART. DIA:BEACON'S EXPANSIVE GALLERIES HAVE BEEN SPECIFICALLY DESIGNED FOR THE DISPLAY OF THE ARTWORKS TO WHICH DIA IS COMMITTED, MANY OF WHICH, BECAUSE OF THEIR CHARACTER OR SCALE, COULD NOT BE EASILY ACCOMMODATED BY MORE CONVENTIONAL MUSEUMS. EACH ARTIST'S WORK IS DISPLAYED IN A DEDICATED GALLERY OR GALLERIES, MANY OF WHICH WERE CREATED IN COLLABORATION WITH THE ARTISTS WHOSE WORKS THEY WILL HOLD. IN ADDITION TO WORKS AT DIA:BEACON, DIA'S COLLECTION COMPRISES LONG-TERM, SITE-SPECIFIC PROJECTS IN THE WESTERN UNITED STATES, NEW YORK CITY, AND BRIDGEHAMPTON, LONG ISLAND. THESE WORKS, INCLUDING THE LIGHTNING FIELD, SPIRAL JETTY, AND THE DAN FLAVIN ART INSTITUTE, REFLECT DIA'S COMMITMENT TO PROMOTING ART THAT EXTENDS BEYOND A TRADITIONAL EXHIBITION FRAMEWORK. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: DIA'S ENDOWMENT FUNDS SET ASIDE AND INVESTED TO YIELD ANNUAL PROGRAM AND GENERAL OPERATING SUPPORT FOR THE ENTIRE INSTITUTION VIA A 5.5% ANNUAL DRAW. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: MANAGEMENT HAS EVALUATED ALL INCOME TAX POSITIONS, INCLUDING THE POSITION THAT DIA IS EXEMPT FROM INCOME TAXES AND NOT SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS INCOME, AND CONCLUDED THAT NO DISCLOSURES RELATING TO UNCERTAIN TAX POSITIONS ARE REQUIRED IN THE FINANCIAL STATEMENTS. X X X X X X X 1 SUSAN COURTEMANCHE 40 POWDER HORN HILL ROAD WILTON CT 06897 STRATEGIC FUNDRAISING SERVICES 0 0 58400 0 58400 NY FALL GALA 719870 564859 155011 537 27161 72096 55217 SPRING GALA 435277 359244 76033 630 51945 23458 1155147 924103 231044 1167 27161 124041 78675 231044 0 1 MELA FOUNDATION 275 CHURCH STREET NEW YORK NY 10013 133352195 501(C)(3) 137000 OPERATING SUPPORT TRIPLE AUGHT FOUNDATION HC 61 BOX 33 HIKO NV 89017 880400144 501(C)(3) 733325 BOOK VALUE REAL PROPERTY PROJECT SUPPORT 2 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: DIA PROVIDES A GRANT TO THE MELA FOUNDATION, WHICH OPERATES THE PERMANENT ART INSTALLATION DREAM HOUSE, A COLLABORATIVE SOUND AND LIGHT ENVIRONMENT BY COMPOSER LA MONTE YOUNG AND VISUAL ARTIST MARIAN ZAZEELA, IN NEW YORK CITY. THE INSTALLATION WAS ORIGINALLY COMMISSIONED BY DIA ART FOUNDATION AND PRESENTED FROM 1979-85 IN A SIX-STORY BUILDING ON HARRISON STREET IN NEW YORK CITY. THE CURRENT LONG-TERM INSTALLATION ON CHURCH STREET WAS CREATED IN 1993. DIA'S LONG HISTORY AND ON-GOING RELATIONSHIP WITH THE ARTISTS AND OPERATORS PROVIDES INFORMAL GENERAL OVERSIGHT OF DREAM HOUSE OPERATIONS. MELA FOUNDATION PROVIDES DIA WITH REGULAR PROGAM ANNOUNCEMENTS AND PRESS RELEASES OF EVENTS, AND ANY OTHER OPERATIONAL INFORMATION AS MAY BE REQUESTED BY DIA. DURING THE YEAR ENDED JUNE 30, 2011, DIA PROVIDED A GRANT OF REAL PROPERTY TO TRIPLE AUGHT FOUNDATION, WHICH IS MANAGING A LONG-TERM SITE-SPECIFIC ART PROJECT. DIA ORIGINALLY ACQUIRED THIS REAL PROPERTY SEVERAL YEARS PRIOR, AT A TIME WHEN IT HAD MORE DIRECT INVOLVEMENT IN THE PROJECT. OWNERSHIP WAS TRANSFERRED TO THE GRANT RECIPIENT IN DIRECT SUPPORT OF THE PROJECT. DIA'S LONG HISTORY AND ON-GOING RELATIONSHIP WITH THE FOUNDATION AND THE ARTIST PROVIDES INFORMAL GENERAL OVERSIGHT OF THE PROJECT. THE FOUNDATION PROVIDES DIA WITH PERIODIC UPDATES AS TO THE STATUS OF THE PROJECT, AND ANY OTHER RELEVANT INFORMATION AS MAY BE REQUESTED. X X X X X X 0 0 0 0 0 0 0 0 0 PHILLIPE VERGNE 390840 0 0 0 0 0 15673 0 12693 0 419206 0 0 0 CAROLYN K CARSON 161485 0 0 0 0 0 6583 0 8543 0 176611 0 0 0 LAURA RAICOVICH 177993 0 0 0 0 0 6634 0 16277 0 200904 0 0 0 JAMES SCHAEUFELE 183285 0 0 0 0 0 7331 0 19845 0 210461 0 0 0 X 10 X 10 608075 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 INDEPENDENT AUDITORS PREPARE A DRAFT OF THE FORM 990 WHICH IS REVIEWED BY THE ORGANIZATION'S FINANCE DIRECTOR AND CONTROLLER. ANY CHANGES REQUIRED BY THE FINANCE DIRECTOR OR CONTROLLER ARE MADE BY THE INDEPENDENT AUDITORS WHO THEN RESUBMIT A FINAL DRAFT FOR REVIEW BY THE FINANCE DIRECTOR AND CONTROLLER. A FINAL APPROVED DRAFT FORM 990 IS THEN PREPARED FOR FILING BY THE INDEPENDENT AUDITORS. THE FINAL APPROVED DRAFT IS SUBMITTED TO THE DIRECTOR AND BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. ANY CHANGES REQUIRED BY THE DIRECTOR OR BOARD OF DIRECTORS ARE MADE BY THE INDEPENDENT AUDITORS WHO THEN PREPARE A FINAL SIGNATURE READY FORM 990. THE FINANCE DIRECTOR AND THE DIRECTOR SIGN THE FINAL SIGNATURE READY FORM 990 FOR FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS COMPLETE A QUESTIONNAIRE REGARDING CONFLICT OF INTEREST DISCLOSURES FOR THE TAX PERIOD ON AN ANNUAL BASIS. THE ANSWERS TO THE QUESTIONNAIRE ARE REVIEWED BY THE FINANCE DIRECTOR FOR COMPLIANCE TO THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. IF ANY DISCLOSURES REQUIRE FURTHER INVESTIGATION, THE FINANCE DIRECTOR AND DIRECTOR WORK WITH THE EXECUTIVE COMMITTEE TO INVESTIGATE AND RESOLVE ANY SUCH DISCLOSURES. KEY EMPLOYEES ARE INTERVIEWED ANNUALLY FOR CONFLICT OF INTEREST DISCLOSURES. THE INTERVIEW ANSWERS ARE REVIEWED BY THE FINANCE DIRECTOR FOR COMPLIANCE TO THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. IF ANY DISCLOSURES REQUIRE FURTHER INVESTIGATION, THE FINANCE DIRECTOR WORKS WITH THE DIRECTOR OR DEPUTY DIRECTOR TO INVESTIGATE AND RESOLVE ANY SUCH DISCLOSURES. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS BY WHICH COMPENSATION OF THE DIRECTOR IS SET AND ADJUSTED AT THE START OF EACH FISCAL YEAR, EFFECTIVE JULY 1, IS SUPERVISED BY THE BOARD OF DIRECTORS. WHEN A VACANCY FOR THE DIRECTOR POSITION OCCURS, THE BOARD OF DIRECTORS APPOINTS A TEMPORARY SEARCH COMMITTEE CONSISTING OF A SUBSET OF THE BOARD OF DIRECTORS WHO ARE APPROVED BY THE BOARD OF DIRECTORS TO HIRE A PROFESSIONAL EXECUTIVE RECRUITER, REVIEW AND INTERVIEW CANDIDATES. THE SEARCH COMMITTEE UPDATES THE BOARD OF DIRECTORS AT REGULAR BOARD MEETINGS AS TO THE PROGRESS OF THE SEARCH. WHEN A SHORT LIST OF ONE TO FIVE CANDIDATES IS SELECTED BY THE SEARCH COMMITTEE, THEIR APPLICATIONS ARE CIRCULATED TO THE BOARD OF DIRECTORS FOR REVIEW. ONE TO FIVE FINAL CANDIDATES MAY BE INTERVIEWED BY THE BOARD THE DIRECTORS WHO WILL MAKE THE FINAL SELECTION. THE SEARCH COMMITTEE IN CONSULTATION WITH THE EXECUTIVE RECRUITER WILL DRAFT A COMPENSATION PACKAGE FOR REVIEW BY THE BOARD OF DIRECTORS. THE COMPENSATION PACKAGE WILL BE BASED ON INDUSTRY STATISTICS, COMPARABLE ORGANIZATIONS, EXPERIENCE OF CANDIDATE, BUDGET RESTRICTIONS, AND ANY OTHER INFORMATION THE SEARCH COMMITTEE FEELS RELEVANT. ONCE THE BOARD OF DIRECTORS APPROVED THE COMPENSATION PACKAGE, IT IS OFFERED TO THE CANDIDATE. IF THE CANDIDATE COUNTERS THE OFFER, THE SEARCH COMMITTEE WILL REVIEW ANY CHANGES BEFORE RESUBMITTING TO THE BOARD OF DIRECTORS FOR FINAL APPROVAL. ONCE THE CANDIDATE HAS ACCEPTED A BOARD APPROVED COMPENSATION PACKAGE, THE TEMPORARY SEARCH COMMITTEE IS DISSOLVED. IF AN EMPLOYMENT CONTRACT IS REQUESTED BY THE CANDIDATE OR BOARD OF DIRECTOR, SUCH CONTRACT WILL DRAFTED BY A QUALIFIED LEGAL COUNCIL AND REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. ANNUALLY, THE BOARD OF DIRECTORS REVIEWS THE PERFORMANCE OF THE DIRECTOR BASED ON A VARIETY OF FACTORS AND ACCORDING TO THE BEST INTERESTS OF THE ORGANIZATION. THE BOARD OF DIRECTORS MAY, AT THEIR DISCRETION AND IN THE BEST INTERESTS OF THE ORGANIZATION, APPROVE CHANGES TO THE DIRECTOR'S COMPENSATION AT ANY TIME. IN MAY, THE DIRECTOR REVIEWS PERFORMANCE EVALUATIONS OF SENIOR STAFF ("KEY EMPLOYEES") AND MAKES RECOMMENDATIONS FOR SALARY ADJUSTMENTS BASED ON INFLATION, PREVAILING WAGES AND MERIT. THE BOARD'S FINANCE COMMITTEE FUNCTIONS AS A COMPENSATION COMMITTEE AND SERVES TO REVIEW SALARY RECOMMENDATIONS FOR KEY EMPLOYEES. A KEY EMPLOYEE ROSTER & SALARY RECOMMENDATIONS MATRIX IS PRESENTED TO THE COMMITTEE FOR REVIEW AND APPROVAL ALONG WITH THE PROPOSED OPERATING BUDGET AT THE MAY MEETING. MID-YEAR SALARY ADJUSTMENTS ARE OCCASIONALLY CONSIDERED IN UNUSUAL CIRCUMSTANCES AT THE DISCRETION OF THE DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 7,285,164. NET COST RELATED TO PURCHASE OF MINORITY INTEREST IN SUBSIDIARY ENTITY -1,515,547. TOTAL TO FORM 990, PART XI, LINE 5: 5,769,617. BEACON CENTER LLC 3 BEEKMAN STREET BEACON NY 12508 134209093 RESTORATION AND MAINTENANCE OF DIA:BEACON NY BEACON ARTS CENTER INC-SEE PT IV RENTAL INCOME 0 0 0.75000 BEACON ART CENTER INC 3 BEEKMAN STREET BEACON NY 12508 134209087 INVESTMENT IN BEACON CENTER, LLC-SEE PT III NY N/A C -704004 22450995 1.00000 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 BEACON CENTER LLC J 198125 LEASE AGREEMENT BEACON CENTER LLC R 1418410 TRANSFER UPON DISSOLUTION