2012-03-01T04:52:49-08:00 2011-06-30 Foti Flynn Lowen & Co PC PO Box 12765 Roanoke VA 240282765 990 2010-07-01 546026841 ART MUSEUM OF WESTERN VA dba TAUBMAN MUSEUM OF ART ARTM 5403425760 110 SALEM AVE SE ROANOKE VA 24011 DAVID MICKENBERG 2012-03-01 FRANK B HANCOCK CPA 5403449246 2010 2016-02-24 21:20:13Z DAVID MICKENBERG 110 SALEM AVE SE ROANOKE VA 24011 3313369 false false X WWW.TAUBMANMUSEUM.ORG X 1951 VA SERVING THE DIVERSE COMMUNITIES OF OUR REGION, THE ART MUSEUM OF WESTERN VIRGINIA ENGAGES ALL AUDIENCES THROUGH THE CELEBRATION AND ENJOYMENT OF THE CREATIVE PROCESS. IT IS COMMITTED TO EXCELLENCE IN ITS COLLECTION, SCHOLARSHIP, EDUCATION AND CREATIVE ACTIVITIES. OUR EMPHASIS IN ITS COLLECTION, SCHOLARSHIP, EDUCATION AND CREATIVE ACTIVITIES. OUR EMPHASIS IS ON AMERICAN ART AND REGIONAL CULTURE. THE INSTITUTE OF ART SPECIALIZES IN THE EXHIBITION, EDUCATION AND SCHOLARSHIP OF 19TH AND 20TH CENTURY AMERICAN ART. 22 22 40 75 0 16032549 1753590 717248 422327 -218802 105818 -371264 49826 16159731 2331561 0 0 1399377 1093268 0 847688 3220655 3470288 4620032 4563556 11539699 -2231995 58629737 56561732 4077034 3992332 54552703 52569400 SERVING THE DIVERSE COMMUNITIES OF OUR REGION, THE ART MUSEUM OF WESTERN VIRGINIA ENGAGES ALL AUDIENCES THROUGH THE CELEBRATION AND ENJOYMENT OF THE CREATIVE PROCESS. IT IS COMMITTED TO EXCELLENCE IN ITS COLLECTION, SCHOLARSHIP, EDUCATION AND CREATIVE ACTIVITIES. OUR EMPHASIS IN ITS COLLECTION, SCHOLARSHIP, EDUCATION AND CREATIVE ACTIVITIES. OUR EMPHASIS IS ON AMERICAN ART AND REGIONAL CULTURE. THE INSTITUTE OF ART SPECIALIZES IN THE EXHIBITION, EDUCATION AND SCHOLARSHIP OF 19TH AND 20TH CENTURY AMERICAN ART. false false 2289655 422327 THE MUSEUM CONDUCTS AND SPONSORS ART CLASSES, LECTURES, SHOWS AND EXHIBITS, THEATRICAL AND MUSICAL PROGRAMS, FILM PRESENTATIONS AND WORKSHOPS TO STIMULATE ART APPRECIATION IN THE ROANOKE VALLEY AREA. 2289655 true true false false false false false true false true true false false false false true true false false false false false false false true false false false false true false false false false false false true false false false false false false false false false false false false false false true 35 0 false 40 true false false false false false false true true true true false 0 false false false false false false false false false false false X 22 22 false false false false false false false true true false false false true true false false false true false false false false X DAVID MICKENBERG 5402044114 110 SALEM AVE SE ROANOKE VA 24011 VALETA S PITTMAN 2.00 X X 0 0 0 TODD LEESON 2.00 X 0 0 0 THE HONORABLE ONZLEE WARE 2.00 X 0 0 0 SHEILA STRAUSS 2.00 X 0 0 0 RUSS ELLIS 2.00 X 0 0 0 ROBERT G BENNETT 2.00 X 0 0 0 PATRICIA P KERMES 2.00 X 0 0 0 NATHANIEL L BISHOP 2.00 X 0 0 0 LINDA THORNTON 2.00 X 0 0 0 JOHN B WILLIAMSON III 2.00 X 0 0 0 JOHN A CUMMINS 2.00 X 0 0 0 GEORGE MCCARTY 2.00 X 0 0 0 DR THOMAS L MCKEON 2.00 X 0 0 0 DR PAUL FRANTZ 2.00 X X 0 0 0 DR MARK MCNAMEE 2.00 X 0 0 0 DONNA KIRK 2.00 X 0 0 0 DEBBIE MEADE 2.00 X 0 0 0 DAVID WINE 2.00 X X 0 0 0 DAVID MICKENBERG 40.00 X X 179732 0 0 DARNELL GLOVER 2.00 X 0 0 0 BILL ELLIOTT 2.00 X 0 0 0 ANN MCCALLUM 2.00 X 0 0 0 ABNEY S BOXLEY III 2.00 X X 0 0 0 179732 1 false true false SECURITAS SECURITY SERVICES USA INC PO BOX 403412 ATLANTA GA 303843412 SECURITY 195123 1 196990 1556600 16546 1753590 Space Rentals 61423 61423 MEMBERSHIP DUES 224050 224050 EDUCATION PROGRAM FEES 66389 66389 ADMISSIONS 70465 70465 422327 31871 31871 0 0 0 833062 759115 73947 73947 73947 66622 44534 22088 22088 0 102524 178159 -75635 -75635 MISCELLANEOUS 900099 1623 1623 FORGIVENESS OF DEBT 722320 81638 81638 CAFE COMMISSIONS 722320 20112 20112 103373 2331561 496274 81697 0 0 0 0 179732 107839 8987 62906 0 750984 351777 200896 198311 13963 7319 2960 3684 65559 31274 16014 18271 83030 44669 17917 20444 0 12134 10500 1634 19800 19800 0 0 0 321763 147069 138576 36118 224574 53426 150441 20707 157721 71540 60122 26059 20774 9257 10845 672 0 280637 141336 83276 56025 32362 15639 14123 2600 0 0 77249 2551 74698 0 1846052 996236 509889 339927 76162 46461 17821 11880 TAXES & LICENSES 106798 52875 32354 21569 REPAIRS & MAINTENANCE 87192 43073 26471 17648 HONARARIUMS 54405 54405 EXHIBITION LOAN FEES 31750 31750 EVENTS AND PROGRAMS 59652 35479 16843 7330 61263 35180 22546 3537 4563556 2289655 1426213 847688 1645 1580 1292623 756094 81850 59650 10324 16140 0 0 0 78609 64555 78186 80023 58334768 5156794 55047577 53177974 1747684 1986973 291239 418743 0 0 0 58629737 56561732 144915 217627 3774705 3774705 79087 78327 4077034 3992332 X 51387913 49351733 204256 256933 2960534 2960734 54552703 52569400 58629737 56561732 X -2231995 248692 X false true true X false false X 10804929 8366247 10839533 16386953 1977640 48375302 0 0 10804929 8366247 10839533 16386953 1977640 48375302 23659180 24716122 563374 104127 89247 39125 46749 842622 64511 82132 146643 0 49364567 750162 0.50070 0.50260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X false 2038775 52235 353324 56200 2388134 2291532 754731 227228 1234716 2038775 0.00460 0.99540 false false false 1353898 1353898 53950504 3635342 50315162 772416 437442 334974 2257950 1084010 1173940 53177974 LIMITED PARTNERSHIPS 10913 F POOLED INVESTMENTS 3051 F 2331561 4563556 -2231995 248692 248692 -1983303 2847625 248692 44679 222693 516064 2331561 2331561 4830928 44679 222693 267372 4563556 4563556 Part X Part X : FIN48 Footnote The Museum is tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code and is not classified as a private foundation.On July 1, 2009, the Museum adopted newly issued accounting rules that prescribe when to recognize and how to measure the financial statement effects, if any, of income tax positions taken or expected to be taken on its income tax returns. These new rules require management to evaluate the likelihood that, upon examination by relevant taxing jurisdictions, those income tax positions would be sustained.Based on that evaluation, if it were more than 50% probable that a material amount of income tax would be imposed upon examination by the relevant taxing authorities, a liability would be recognized in the accompanying statement of financial position along with any interest and penalties that would result from that assessment. Should any such penalties and interest be incurred, the Museum's policy would be to recognize them as management and general expenses.Based on the results of management's evaluation, adoption of the new rules did not have a material effect on the Museum's financial statements. Further, no interest or penalties have been accrued or charged to expense as of June 30, 2011 or for the year then ended.The income tax returns of the Museum for the years 2008, 2009, 2010 and 2011 are subject to examination by taxing authorities, generally for three years after they were filed. Part XIII, Line 2d Part XIII, Line 2d: Other expenses and losses per audited F/S STORE INVENTORY EXPENSE $178159 SPECIAL EVENT EXPENSE $44534 Part XII, Line 2d Part XII, Line 2d: Other revenue amounts included in F/S but not included on form 990 STORE INVENTORY EXPENSE $178159 SPECIAL EVENT EXPENSE $44534 Part V, Line 4 Part V, Line 4: Intended uses of the endowment fund. The Peggy MacDowell Thomas endowment was established for the establishment and maintenance of the Peggy MacDowell Thomas Gallery.The capital operating endowment was established as part of the capital campaign for an unrestricted operating endowment fund. Proceeds are accounted for separately and earnings are used for unrestricted operating purposes. Accessions endowment was established in January 1984 by action of the Museum's Board of Trustees. The income generated is to be used to fund the Museum's art accessions.The Shaftman account was established in December 1993 by action of the Museum's Board of Trustees. This account is to be used for the funding of the establishment and maintenance of the Rosalie and Sydney Shaftman Gallery and acquisition of decorative art. Part III, Line 1a Part III, Line 1a: If organization elected under SFAS 116 to not report are, historical treasures, o The Museum's art collection as of June 30, 2011 consists of 2,138 objects. These range from a growing number of works by internationally renowned American artists to works reflecting the history and aesthetic tastes of the region. The collection is inventoried annually, and is protected round the clock by various alarm systems and gallery security staff. The Museum has elected, as permitted by standards, not to capitalize its art collection. The cost of all objects purchased is reported separately as a decrease in unrestricted net assets. For the year ended June 30, 2011, purchases of art objects amounted to $8,950. X X X X X X X false VA EVENT TICKET SALES 66622 66622 6999 508 4186 9310 23531 66622 66622 6999 508 4186 9310 23531 44534 22088 false false false false false false false false false false DAVID MICKENBERG 179732 179732 STANNARD F LANFORD REFINANCE OF BANK OBLIGATIONS 27779 23765 false true true GARNETT E SMITH REFINANCE OF BANK OBLIGATIONS 70109 60018 false true true WILLIAM J LEMON REFINANCE OF BANK OBLIGATIONS 27779 23781 false true true KENT S GREENAWALT REFINANCE OF BANK OBLIGATIONS 70109 60018 false true true BITTLE W PORTERFIELD III REFINANCE OF BANK OBLIGATIONS 70109 60019 false true true LEAN P HARRIS REFINANCE OF BANK OBLIGATIONS 139772 119655 false true true W HEYWOOD FRALIN REFINANCE OF BANK OBLIGATIONS 279992 239694 false true true HORACE G FRALIN CHARITABLE TRUST REFINANCE OF BANK OBLIGATIONS 643762 541107 false true true CARILION FOUNDATION REFINANCE OF BANK OBLIGATIONS 279992 239694 false true true MR MRS NICHOLAS TAUBMAN REFINANCE OF BANK OBLIGATIONS 2799922 2396954 false true true 3764705 Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available The organization will provide govering documents, policies and procedures and financial statements upon written request to the executive director. Form 990, Part VI, Line 11 Form 990, Part VI, Line 11: Form 990 Review Process REVIEW BY EXECUTIVE DIRECTOR AND EXECUTIVE COMMITTEE. FULL BOARD REVIEWS IF NECESSARY.