2011-11-15T12:39:20-06:00 2010-12-31 ROGOFF AND COMPANY PC 355 LEXINGTON AVENUE 6TH FL NEW YORK NY 10017 990 2010-01-01 010263908 SKOWHEGAN SCHOOL OF PAINTING AND SCULPTURE INC SKOW 2125290505 200 PARK AVENUE SOUTH NO 1116 NEW YORK NY 10003 RICHARD T PRINS 2125290505 2011-11-15 1 PAUL BRACE 2125575666 2010 2016-02-24 21:20:13Z GREGORY K PALM 925 PARK AVENUE NEW YORK NY 10028 2206335 0 X WWW.SKOWHEGANART.ORG X 1946 ME EDUCATIONAL 30 30 48 0 0 0 611732 854020 449135 449300 389703 328972 60082 102992 1510652 1735284 251950 217300 0 0 681174 826619 0 0 104840 744250 604377 1677374 1648296 -166722 86988 13668452 14907646 33938 36343 13634514 14871303 X SKOWHEGAN, A SUMMER RESIDENCY PROGRAM FOR EMERGING VISUAL ARTISTS ESTABLISHED IN 1946, SEEKS EACH YEAR TO BRING TOGETHER A GIFTED AND DIVERSE GROUP OF INDIVIDUALS WHO HAVE DEMONSTRATED A COMMITMENT TO ART-MAKING AND INQUIRY TO CREATE THE MOST STIMULATING AND RIGOROUS ENVIRONMENT FOR A CONCENTRATED PERIOD OF ARTISTIC CREATION, INTERACTION AND GROWTH. 0 0 1086023 217300 449300 SCHOOL OF PAINTING AND SCULPTURE ATTENDED BY 65 STUDENTS 1086023 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 13 0 1 48 1 0 0 0 0 0 1 1 0 0 X 30 30 1 0 0 0 0 0 0 1 0 0 0 0 0 0 1 1 1 0 NY X SKOWHEGAN SCHOOL 2125290505 200 PARK AVENUE SOUTH NEW YORK NY 10003 JAN ARONSON 1.00 X 0 0 0 GRACE G BOWMAN 1.00 X 0 0 0 MILDRED C BRINN 1.00 X X 0 0 0 WARREN C COOK 1.00 X 0 0 0 ANDREA CRANE 1.00 X 0 0 0 SUSAN PAUL FIRESTONE 1.00 X X 0 0 0 KATHERINE GASS 1.00 X 0 0 0 ROBERT GILSON 1.00 X 0 0 0 ANN L GUND 2.00 X X 0 0 0 MARY M LOOKER 1.00 X 0 0 0 ROBERT L LOOKER 1.00 X 0 0 0 VICTORIA LOVE SALNIKOFF 1.00 X 0 0 0 WILSON NOLEN 1.00 X 0 0 0 GREGORY K PALM 3.00 X X 0 0 0 JOHN W PAYSON 1.00 X 0 0 0 RICHARD T PRINS 2.00 X X 0 0 0 JUDSON P REIS 1.00 X 0 0 0 ELEANOR W REVSON 1.00 X 0 0 0 LISA RICHARDS 1.00 X 0 0 0 ROBERT F SHAPIRO 1.00 X 0 0 0 LIBBIE J MASTERSON 1.00 X 0 0 0 TONYA INGERSOL 1.00 X 0 0 0 GEORGE W AHL III 1.00 X 0 0 0 ALAN WANZENBERG 1.00 X 0 0 0 DAVID BEITZEL 1.00 X 0 0 0 MARIANNE BOESKY 1.00 X 0 0 0 CHIARA EDMANDS 1.00 X 0 0 0 KATHRYN L HAW 40.00 X 0 100284 15068 SARAH WORKNEH 40.00 X 0 80755 11339 0 0 0 0 0 0 0 0 236411 20000 597609 854020 TUITION AND FEES 611600 449300 449300 449300 224148 224148 430600 325776 104824 104824 104824 139956 236411 139956 0 104500 5319 99181 99181 MISCELLANEOUS INCOME 900099 3811 3811 3811 1735284 449300 0 431964 217300 217300 207446 73675 76095 57676 463573 311962 151611 14376 10309 3306 761 72945 23020 48282 1643 68279 39886 23081 5312 13000 13000 38253 38253 34445 34445 9837 7869 984 984 130352 52141 52141 26070 15968 15968 18433 18433 69848 66436 2559 853 40613 32491 4061 4061 FOOD AND KITCHEN SUPPLI 56905 56905 REPAIRS AND MAINTENANCE 51989 48544 3445 ACADEMIC FEES 20000 20000 EDUCATION MATERIAL & EX 17780 17780 TELEPHONE 13380 5352 5352 2676 73574 51940 16830 4804 1648296 1086023 457433 104840 650 220248 382271 86764 161264 11491 16261 9748 7800 55615 57119 2982765 2127257 797426 855508 6226647 6483649 6243308 6925919 17205 17205 13668452 14907646 31598 32193 2340 4150 33938 36343 X 6039155 6663707 1020489 1431211 6574870 6776385 13634514 14871303 13668452 14907646 X 86988 1149801 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6574870 35000 166515 6776385 6549870 25000 6574870 6524870 25000 6549870 1.00000 0 0 278423 278423 1992002 1493644 498358 60816 60816 0 280357 250263 30094 371167 322534 48633 855508 DOWNTOWN ASSOCIATES II 1123044 F SHOUTHPOINT OFFSHORE FUND 1360512 F ORCHID ASIA III FUNDS 672617 F TIGER GLOBAL CLASS C SERIES 1A FUND 839402 F THIRD AVENUE FOCUSED CREDIT FUND 1787700 F STEELHEAD PATHFINDER FUND 1142644 F 6925919 1735284 1648296 86988 1149801 1149801 1236789 2986788 1149801 1149801 1836987 38253 -139956 -101703 1735284 1749999 139956 139956 1610043 38253 38253 1648296 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE SCHOOL UTILIZES ONLY A PORTION OF ENDOWMENT INVESTMENT RETURN FOR SUPPORT OF CURRENT OPERATIONS. THE REMAINDER IS RETAINED TO SUPPORT OPERATIONS OF FUTURE YEARS AND TO OFFSET POTENTIAL MARKET DECLINES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE SCHOOL RECORDS A LIABILITY FOR UNCERTAIN TAX POSITIONS WHEN IT IS PROBABLE THAT A LOSS HAS OCCURRED AND THE AMOUNT CAN BE REASONABLY ESTIMATED. MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW, NEW AUTHORITATIVE RULINGS AND ITS OPERATING CHARACTERISTICS TO COMPLY WITH ITS STATUS AS A TAX-EXEMPT ORGANIZATION. MANAGEMENT HAS DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT THE SCHOOL'S TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND HAS, THEREFORE NOT RECOGNIZED ANY LIABILITY FOR UNCERTAIN TAX POSITIONS. THE SCHOOL'S INFORMATION RETURNS FOR THE YEARS ENDED DECEMBER 31, 2010, 2009, 2008, AND 2007 ARE PRESENTLY SUBJECT TO EXAMINATION BY THE TAXING AUTHORITIES. PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE -139,956. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE 139,956. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 NON-DESCRIMINATORY POLICY STATED IN FUND RAISING LITERATURE, SCHOOL CATALOGUE AND APPLICATION FORMS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 $20,000 GRANT FROM NATIONAL ENDOWMENT FOR THE ARTS TO FUND SCHOLARSHIPS. ANNUAL AWARDS DINNER 376367 236411 139956 67405 72551 376367 236411 139956 67405 72551 139956 0 1 FELLOWSHIP GRANTS 65 217300 BASED ON FULL ADMISSION FEE OF $5,500 PER STUDENT. PARTIAL AND FULL FELLOWSHIPS TOWARDS TUITION, ROOM AND BOARD. X X 0 0 0 0 0 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 MARY M LOOKER AND ROBERT L LOOKER ARE MOTHER AND SON AND VOTING MEMBERS OF THE SCHOOL'S BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 8B COMMITTEE ACTIONS AND RECOMMENDATIONS ARE COMMUNICATED TO THE BOARD OF TRUSTEES AT THEIR MEETINGS. FORM 990, PART VI, SECTION B, LINE 11 A DRAFT COPY OF THE FORM 990 IS DISTRIBUTED TO THE PRESIDENT, TREASURER AND EXECUTIVE DIRECTOR PRIOR TO FILING FOR THE PURPOSE OF DISCUSSION AND RECOMMENDED CHANGES. FORM 990, PART VI, SECTION B, LINE 12 CONFLICT OF INTEREST POLICY COVERS ALL TRUSTEES, OFFICERS AND EMPLOYEES. THE BOARD APPROVED REQUIRING ALL TRUSTEES, OFFICERS AND EMPLOYEES TO ANNUALLY FILL OUT A CONFLICT OF INTEREST DISCLOSURE FORM, WHICH WILL ASK ABOUT INTERESTS THAT COULD GIVE RISE TO CONFLICTS. THE SCHOOL USE THE INFORMATION ON THE DISCLOSURE FORMS TO MONITOR FOR POTENTIAL CONFLICTS. CONFLICTS INVOLVING EMOLOYEES, OTHER THAN EXECUTIVE DIRECTOR, ARE REVIEWED AND RESOLVED BY THE EXECUTIVE DIRECTOR. CONFLICTS INVOLVING TRUSTEES, OFFICERS, OR THE EXECUTIVE DIRECTOR, ARE REVIEWED AND RESOLVED BY THE BOARD. NO ONE WITH A CONFLICT IS ALLOWED TO PARTICIPATE IN ANY AFFECTED DECEISION. FORM 990, PART VI, SECTION B, LINE 15 SALARIES ARE NEGOTIATED BY BOARD PRESIDENT AND APPROVED BY THE EXECUTIVE COMMITTEE. FROM TIME TO TIME THE BOARD REVIEWS PUBLICLY AVAILABLE DATA FROM OTHER OTHER SIMILAR INSTITUTIONS. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,149,801. THE SCHOOL HAS A FINANCE COMMITTEE THAT ALSO FUNCTIONS AS AN AUDIT COMMITTEE REPORTING TO THE BOARD. THE AUDIT COMMITTEE AND BOARD OF TRUSTEES SELECT THE INDEPENDENT AUDITOR. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.