2011-05-11T18:59:32-05:00 2010-06-30 PricewaterhouseCoopers LLP 1301 K St NW 800W Washington DC 20005 990 2009-07-01 951644606 NORTON SIMON MUSEUM OF ART AT PASADENA NORT 6264496840 411 West Colorado Boulevard Pasadena CA 911051825 Ronald H Dykhuizen 6268446910 2011-05-11 1 2024141000 2009 2016-02-24 21:20:13Z Walter W Timoshuk 27410528 0 X nortonsimon.org X 1924 CA Operation of a public art museum. 14 13 211 13 0 0 4329231 4205217 532415 511484 -3555652 168673 315912 265804 1621906 5151178 0 0 3833791 3861545 0 0 2116716 1895155 5950507 5756700 -4328601 -605522 63774630 65828956 681817 776630 63092813 65052326 The Museum's exempt purposes are to: (i) establish and maintain a museum and library of art, painting, and sculpture; (ii) encourage and develop the study of the fine arts and to advance the general knowledge of kindred subjects; and (iii) do any and all things incidental, accessory or advantageous to the carrying out of such purpose or purposes. 0 0 4583183 0 511484 Operation of a public art museum, which is open six days a week. Annual attendance is approximately 163,000. Museum programs include guided tours and educational publications that are available in the bookstore. 4583183 1 1 0 0 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 1 31 0 1 211 1 0 1 CJ 0 0 0 1 1 0 0 0 14 13 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X Ronald H Dykhuizen 6268446910 411 West Colorado Boulevard Pasadena CA 91105 Candice Bergen 1.00 X 0 0 0 Albert J Crosson 1.00 X 0 0 0 Roy Doumani 1.00 X 0 0 0 Pamela Simon Jenson 1.00 X 0 0 0 Dr Guy Juillard 1.00 X 0 0 0 Judge Mariana Pfaelzer 1.00 X 0 0 0 Earl A Powell III 1.00 X 0 0 0 Edward F Rover 1.00 X 0 0 0 Douglas Simon 1.00 X 0 0 0 Dr David Steadman 1.00 X 0 0 0 John Van de Kamp 1.00 X 0 0 0 Thomas L Pfister 2.00 X X 0 0 0 Tom Brokaw 1.00 X X 0 0 0 Walter W Timoshuk 30.00 X X 248792 248792 109926 Ronald H Dykhuizen 30.00 X 115173 115172 71306 Cindy Burke 50.00 X 41315 53487 19767 Wayne Horton 50.00 X 110846 0 12440 John Sudolcan 50.00 X 115305 0 27160 Carol Togneri 25.00 X 61426 61425 24766 651542 425389 245598 4 0 1 0 Mariposa Horticulture Enterprises Inc 15529 Arrow Highway Irwindale CA 91706 Landscape Maintenance 124567 1 163604 31783 4009830 4205217 ADMISSIONS 900099 483872 483872 TOURS 900099 17450 17450 PUBLIC EVENTS 900099 8737 8737 PHOTO INCOME 900099 1425 1425 511484 814491 814491 21356357 22002175 -645818 -645818 -645818 522979 257175 265804 265804 5151178 511484 0 434477 475984 475984 2643775 2409365 234410 182980 155197 27783 317895 259332 58563 240911 180638 60273 22444 22444 64268 64268 36670 36670 194651 185686 8965 7361 7214 147 106143 42592 63551 10640 6840 3800 342608 316394 26214 2782 1388 1394 263 263 587599 546467 41132 170066 147187 22879 Facilities/Ground Maint 131583 131583 Curatorial 76911 76911 Museum Security 36363 36363 Disposed Property Loss 34239 31842 2397 Food Services 26336 26336 44228 21585 22643 5756700 4583183 1173517 0 5900 5900 78364 86500 21371779 21106561 15692 27528 391881 389789 146504 124160 17077924 8955463 8707553 8122461 21268302 32137112 11753252 3793542 35403 35403 63774630 65828956 671997 766736 9820 9894 681817 776630 X 45443918 47665845 17404494 17144080 244401 242401 63092813 65052326 63774630 65828956 X 0 1 1 X 0 X 5323678 5303979 5302328 4292215 4298001 24520201 4021375 4014467 4045061 4025684 4020631 20127218 9345053 9318446 9347389 8317899 8318632 44647419 22002612 22644807 830774 1263920 1346756 966061 814491 5222002 49869421 5496457 0.45410 0.44410 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 248376 21287 18483 251180 318075 -52926 16773 248376 0.97000 0.03000 0 0 14835424 6938799 7896625 716044 583322 132722 1526456 1433342 93114 8122461 Common Sense Offshore, Ltd. 1995920 F Weatherlow Offshore Fund 1797622 F 3793542 Sales tax payable 2864 Investments payable 7030 9894 5151178 5756700 -605522 2751659 -172435 -14189 2565035 1959513 5428800 20447 20447 5408353 -257175 -257175 5151178 6220946 192882 271364 464246 5756700 0 5756700 Part III, Line 1a: The following footnote is included in the Museum's audited financial statements: "In conformity with accounting policies generally followed by art museums, the value of the Museum's collections has been excluded from the statements of financial position, and the gifts of art objects are excluded from the statement of activities. Purchases of art objects by the Museum would be separately identified as decreases in net assets in the statement of activities. It is the Museum's policy to designate proceeds from the sale of art for the acquisition of art. The collections are maintained for public exhibition, education, and research in furtherance of public service, rather than for financial gain." Part III, Line 4: The Museum's exempt purposes are to: (1) establish and maintain a museum and library of art, painting, and sculpture; (ii) encourage and develop the study of the fine arts and to advance the general knowledge of kindred subjects; and (iii) do any and all things incidental, accessory or advantageous to the carrying out of such purposes. The Museum houses more than 12,000 works of art, including paintings, sculpture, drawings and other works on paper, photography, and other miscellaneous art objects. Approximately 1,000 works are on view in the galleries and gardens. Three temporary exhibition galleries feature rotating installations of artworks not on permanent display. Part V, Line 4: Description of Intended Use of Endowment Funds: To support the general operations of the Museum. Part XI, Line 8 - Other Adjustments: Depreciation on Capitalized Donated Services: -14189. Part XII, Line 4b - Other Adjustments: Cost of goods sold: -257175. Part XIII, Line 2d - Other Adjustments: Cost of goods sold: 257175. Depreciation on donated capitalized services: 14189. Part X, Line 2: The following footnote is included in the Museum's audited financial statements for the tax year ending June 30, 2010: "The Museum is recognized as exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code and Section 23701(d) of the California Revenue and Taxation Code. As required by the Income Taxes Topic of the FASB ASC, the Museum recognizes the effect of income tax positions only if those positions are more likely than not to be sustained. The Museum believes that it has appropriate support for the tax positions taken and, as such, does not have any uncertain tax positions that result in a material impact on the Museum's financial position or statement of activities." X X X X X X 0 1 0 0 0 0 0 0 0 Walter W Timoshuk 247010 247010 0 0 1782 1782 37250 37250 17713 17713 303755 303755 0 0 Ronald H Dykhuizen 114600 114600 0 0 573 572 24126 24126 11527 11527 150826 150825 0 0 Part I, Line 4a Walter W. Timoshuk, President Organization: $25,000 Related Organizaion: $25,000 These plan benefits are subject to a substantial risk of forfeiture, and shall become payable if Mr. Timoshuk is employed by the organization on: a) July 1, 2016; or b) the date of his death or disability. Plan benefits shall also become payable if Mr. Timoshuk's employment with the organization is terminated without cause. Ronald H. Dykhuizen Organization: $12,500 Related Organization: $12,500 These plan benefits are subject to a substantial risk of forfeiture, and shall become payable if Mr. Dykhuizen is employed by the organization on: a) June 30, 2011; or b) the date of his death or disability. Plan benefits shall also become payable if Mr. Dykhuizen's employment with the organization is terminated without cause. X 4 0 - 0 0 1 0 Method for Determining Number of Contributors: Part I, Column (b): The number reported in Part I, column (b) represents the total number of art objects contributed to the Museum. Non Reporting of Revenue: Part I, Line 33: Although the Museum does not report gifts of art in its audited financial statements as permitted under Generally Accepted Accounting Principles, it reports such gifts on Form 990 Schedule M. Form 990, Part VI, Section A, line 2 Two trustees, Douglas Simon and Pamela Simon Jenson, have a family relationship. Form 990, Part VI, Section A, line 6 The Museum has members and trustees. Form 990, Part VI, Section A, line 7a Members of the Museum elect the trustees. Form 990, Part VI, Section A, line 7b Pursuant to the Museum's bylaws, certain decisions of the Museum's Board of Trustees, if made, would be subject to approval by the Museum's Members. Decisions subject to the affirmative vote of the Members include amendments to the Museum's bylaws, disposal of substantially all of the assets of the Museum, the merger or dissolution of the Museum, and any other decisions requiring member approval pursuant to California's Nonprofit Public Benefit Corporations Law. Each Member is entitled to one vote on each matter submitted to a vote of the Members. Form 990, Part VI, Section B, line 11 The Museum's Form 990 is first reviewed by the Museum's CFO and then by an outside accounting firm. The draft Form 990 is then distributed to the Museum's Audit Committee members for review. The CFO, President, and a representative from the outside accounting firm meet with the Audit Committee for further review and approval. The Form 990 is then distributed to the full Board of Trustees prior to filing. Form 990, Part VI, Section B, line 12c Pursuant to the Museum's Conflicts of Interest Policy, the Museum's trustees and officers are required to disclose any actual or possible conflicts of interest annually. It is the Museum's practice for senior management to review the disclosures and to forward them to the Chair of the Audit Committee. If deemed necessary by the Audit Committee Chair, potential conflict of interest matters are presented to a board board committee or the board. Per the Policy, the board committee or the board then determines by vote if a conflict of interest exists. The person involved in the potential conflict is required to leave the board meeting or committee meeting while the issue is discussed and voted upon. All employees of the Museum are also required to annually disclose any actual or possible conflicts of interest. These disclosures are reviewed by senior management. Form 990, Part VI, Section B, line 15 The process for determining the 2009 compensation of both the President and the CFO included the following: (i) use of an independent compensation consultant to complete a compensation study and review Form 990's filed by other organizations, available compensation surveys, and other relevant data; (ii) review and approval by the Compensation Committee of the Board of Trustees, which consists entirely of non-employee trustees; (iii) review and approval by the Board of Trustees, with the employee President recusing himself from the deliberations and vote; and (iv) contemporaneous substantiation of the deliberations and decisions, which are reflected in the minutes of both the Compensation Committee and the Board of Trustees. Form 990, Part VI, Section C, line 19 The Museum makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part VII, Section A, Column b Average hours worked per week for related organization: Norton Simon Art Foundation 1.0 Edward F. Rover 1.0 Thomas L. Pfister 30.0 Walter W. Timoshuk 30.0 Ronald H. Dykhuizen 25.0 Carol Togneri Norton Simon Art Insurance Partnership 0.1 Walter W. Timoshuk 0.1 Ronald H. Dykhuizen Form 990, Schedule R, Part V, Line 1n Sharing of paid employees The Musuem is the designated common paymaster for the employees of the Museum and the Norton Simon Art Foundation. The Foundation reimburses the Museum for the services provided by the Museum's employees during the year. Norton Simon Art Foundation 385 E Colorado Blvd Suite 240 Pasadena CA 91101 956038921 To develop public knowledge and interest in fine arts. CA 501(c)(3) Private Foundation N/A Norton Simon Art Insurance Partnership 411 W Colorado Blvd Pasadena CA 91105 611448000 Purchase of fine art insurance. CA N/A N/A 38 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 Norton Simon Art Insurance Partnership B 73970 Norton Simon Art Foundation N 1552899