2011-05-16T15:13:49-05:00 2010-06-30 Nisivoccia LLP 200 Valley Rd Suite 300 Mt Arlington NJ 07856 990 2009-07-01 221487582 THE MONTCLAIR ART MUSEUM MONT 9737465555 3 SOUTH MOUNTAIN AVENUE MONTCLAIR NJ 07042 lora urbanelli 9737465555 2011-05-16 1 Thomas R Dartnell CPA 9733281825 2011-05-16 2009 2016-02-24 21:20:13Z lora urbanelli 3 SOUTH MOUNTAIN AVENUE MONTCLAIR NJ 07042 6180028 0 X WWW.MONTCLAIRARTMUSEUM.ORG X 1914 NJ THE MUSEUM COLLECTS, PRESERVES AND PRESENTS AMERICAN AND NATIVE AMERICAN ART. ITS INNOVATIVE EXHIBITIONS AND EDUCATIONAL PROGRAMS INTERPRET AND EXPLORE RELATIONSHIPS BETWEEN THESE TWO EVOLVING ARTISTIC TRADITIONS. THE MUSEUMS EXHIBITIONS OFFER GROUNDBREAKING SCHOLARSHIP, FRESH THEMATIC APPROACHES, FIRST-TIME PRESENTATIONS OF UNDER-RECOGNIZED ARTISTS, EXAMINATIONS OF LITTLE-KNOWN ASPECTS OF MAJOR ARTISTS CAREERS, AND AN ONGOING COMMITMENT TO THE ARTISTS AND CULTURE OF NEW JERSEY. 41 41 102 200 0 0 2236026 2851196 683200 1213370 2255491 619247 100557 3326 5275274 4687139 2655 3090 0 1917011 1859829 0 285055 2179140 2964167 4098806 4827086 1176468 -139947 22643976 23506963 6105382 6801541 16538594 16705422 THE MUSEUM COLLECTS, PRESERVES AND PRESENTS AMERICAN AND NATIVE AMERICAN ART. ITS INNOVATIVE EXHIBITIONS AND EDUCATIONAL PROGRAMS INTERPRET AND EXPLORE RELATIONSHIPS BETWEEN THESE TWO EVOLVING ARTISTIC TRADITIONS. THE MUSEUMS EXHIBITIONS OFFER GROUNDBREAKING SCHOLARSHIP, FRESH THEMATIC APPROACHES, FIRST-TIME PRESENTATIONS OF UNDER-RECOGNIZED ARTISTS, EXAMINATIONS OF LITTLE-KNOWN ASPECTS OF MAJOR ARTISTS CAREERS, AND AN ONGOING COMMITMENT TO THE ARTISTS AND CULTURE OF NEW JERSEY. 0 0 2094971 56275 EXHIBITIONS:THROUGH EXHIBITIONS, GUIDED TOURS, ART CLASSES AND ON-AND OFF-SITE EDUCATIONAL AND PUBLIC PROGRAMS, THE MONTCLAIR ART MUSEUM EDUCATES, ENRICHES AND INSPIRES CHILDREN, YOUTH AND THEIR FAMILIES, EDUCATORS AND STUDENTS, SENIOR CITIZENS, ARTISTS, SPECIAL NEEDS AUDIENCES, SCHOLARS, MUSEUM MEMBERS, AND THE GENERAL PUBLIC THROUGHOUT THE ENTIRE STATE OF NEW JERSEY AND BEYOND. THE MUSEUM BENEFITS FROM INCREASED VISIBILITY, AND SERVED MORE THAN 94,000 VISITORS LAST YEAR, ATTRACTING THE LARGEST AND MOST DIVERSE AUDIENCE IN ITS 97-YEAR HISTORY, AND REACHED NEARLY 100,000 ADDITIONAL VISITORS FROM ACCROSS THE NATION AND BEYOND VIA TOURING SHOWS, PUBLICATIONS, AND ITS WEBSITE. 1419943 863815 EDUCATION:The Museum offers a diverse schedule of programs designed to engage a broad range of audiences. Through our line up of lectures, gallery tours and interdisciplinary presentations of music, dance, film and literature, the Museum looks for unique ways to provide visitors with accessible and unique opportunities to learn about art. 180678 21361 MEMBERSHIP/VOLUNTEERS:THE MONTCLAIR ART MUSEUM INCLUDES MORE THAN 3,350 MEMBER HOUSEHOLDS. MEMBERS HAVE ACCESS TO EXCLUSIVE PROGRAMS AND EVENTS AND ALSO ENJOY DISCOUNTS FROM THE ART SCHOOL. THE MUSEUM ALSO ENJOYS THE ACTIVE SERVICE OF OVER 200 VOLUNTEERS WHO MAKE PROFOUND CONTRIBUTIONS BY WORKING AS INTERNS, SCPECIAL EVENTS COORDINATORS, DONORS PROVIDING MORE THAN 12,000 VOLUNTEER HOURS ANNUALLY. 119325 192696 MUSEUM STORE:THE STORE OFFERS MERCHANDISE RELATED TO THE MUSEUM'S COLLECTIONS OF AMERICAN AND NATIVE AMERICAN ART AS WELL AS NEW AND PRINT-OUT BOOKS. FURTHERMORE, THEY PROVIDE DESIGNED OBJECTS THAT CAN BE ENJOYED BY THE WHOLE FAMILY. 119325 192696 3814917 1 1 0 0 0 0 1 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 30 0 102 1 0 0 0 0 0 1 1 0 0 0 41 41 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X X MEGAN FENNESSEY GRITSMAN CFO 9737465555 3 SOUTH MOUNTAIN AVENUE MONTCLAIR NJ 07042 LORA URBANELLI 45.00 X X 168238 0 8498 ADRIAN A SHELBY 10.00 X X 0 0 0 REGINALD J HOLLINGER 15.00 X X 0 0 0 PATRICIA BELL 10.00 X X 0 0 0 ROSE CALI 10.00 X X 0 0 0 FRANK J WALTER III 15.00 X X 0 0 0 LYN REITER 10.00 X X 0 0 0 LINNY ANDLINGER 5.00 X 0 0 0 MICHAEL A BACKER 5.00 X 0 0 0 SUSAN BERSHAD MD 5.00 X 0 0 0 SYLVIA COHN 5.00 X 0 0 0 ROBERT MAX CRANE 5.00 X 0 0 0 DEBORAH DAVIS 5.00 X 0 0 0 ANGELA FRASCO 10.00 X 0 0 0 LYNN GLASSER 10.00 X 0 0 0 MICHAEL HENINGBURG JR 5.00 X 0 0 0 JAMES E JOHNSON 5.00 X 0 0 0 HERBERT C KLEIN 10.00 X 0 0 0 KAREN G MANDELBAUM 10.00 X 0 0 0 ROBERT NOSSA MD 5.00 X 0 0 0 JANET TAYLOR PICKETT 10.00 X 0 0 0 GRETCHEN PRATER 5.00 X 0 0 0 ANN SCHAFFER 10.00 X 0 0 0 NEWTON B SCHOTT JR 10.00 X 0 0 0 PATRICIA SELDEN 10.00 X 0 0 0 JASON SLOSBERG 10.00 X 0 0 0 DONNA M UHER 5.00 X 0 0 0 IRA A WAGNER 5.00 X 0 0 0 KAY WALKINGSTICK 5.00 X 0 0 0 CAROL WALL 5.00 X 0 0 0 DONALD B ZIEF 10.00 X 0 0 0 SUSAN COLE 5.00 X 0 0 0 MARILYN H DORE 5.00 X 0 0 0 PATTI ELLIOTT 10.00 X 0 0 0 AUDREY GAELEN 5.00 X 0 0 0 MARILYN R GREENE 10.00 X 0 0 0 FRAZEAL L HARRIS 5.00 X 0 0 0 FRED H LANGBEIN 5.00 X 0 0 0 SENGAL M G SELASSIE 5.00 X 0 0 0 SHARON TAYLOR 5.00 X 0 0 0 WILLIAM H TURNER 5.00 X 0 0 0 HARLAN WASKAL 5.00 X 0 0 0 MEGAN FENNESSEY GRITSMAN 40.00 X 57123 0 8735 225361 0 17233 1 0 1 0 ARTEX INC 8712 JERICHO CITY DRIVE LANDOVER MD 20785 154478 1 403317 385463 490371 1572045 2851196 ART SCHOOL TUITION 611710 491769 491769 CURATORIAL PROGRAM 611710 264834 264834 EDUCATION PROGRAM 611710 107212 107212 NON PROFIT RENTAL 611710 56275 56275 program service revenu 611710 21361 21361 271919 271919 1213370 139389 139389 68900 56736 12164 12164 12164 1203691 417408 1141241 62450 417408 479858 479858 91298 385463 190839 -99541 -99541 192696 104073 88623 88623 OTHER REVENUE 900099 2080 2080 2080 4687139 1030074 0 805869 3090 3090 216400 93273 108777 14350 1381379 1085011 127823 168545 17152 13798 1265 2089 72591 54889 13336 4366 172307 138838 16669 16800 225269 224439 830 2493 2493 28710 28710 58130 58130 222167 209772 12395 365559 357134 2219 6206 661462 626219 4974 30269 446148 436992 4578 4578 198287 198287 417924 409566 4179 4179 88930 63054 13811 12065 MISCELLANEOUS 133679 94042 18029 21608 BOND FINANCING EXPENSE 79414 79414 BAD DEBT EXPENSE 31195 31195 ACQUISITIONS 4800 4800 4827086 3814917 727114 285055 4812519 480841 196481 4880032 547100 787680 192435 252540 91460 76887 53497 52001 17972844 6274471 11995712 11698373 4696686 5225884 58086 52725 22643976 23506963 241030 984065 218953 206864 5260000 5260000 60810 44709 324589 305903 6105382 6801541 X 13787136 13850741 2324879 2427268 426579 427413 16538594 16705422 22643976 23506963 X 0 1 1 X 0 X 3225765 3962659 2715213 2146313 2067209 14117159 3225765 3962659 2715213 2146313 2067209 14117159 14117159 203344 274836 285835 169084 139389 1072488 15189647 5988400 0.92940 0.92980 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X X educational programing 0 9477028 494607 487125 735382 9723378 8858951 3198534 167701 2748158 9477028 0.78000 0.05000 0.17000 0 0 132700 132700 15585758 4238691 11347067 2254386 2035780 218606 11698373 INTEREST ON SWAP 305903 305903 4687139 4827086 -139947 306775 306775 166828 5986474 288089 659598 351648 1299335 4687139 0 4687139 5819646 659598 332962 992560 4827086 0 4827086 Part III, Line 1a: The collections, which were acquired through purchases and contributions since the Museum's inception, are not recognized as assets on the statement of financial position. Purchases of collection items are recorded as decreases in unrestricted net assets in the year in which the items are acquired or as temporarily or permanently restricted net assets if the assets used to purchase the items are restricted by donors. Contributed collection items are not reflected on the financial statements. Proceeds from deaccessions or insurance recoveries are reflected as increases in the appropriate net asset classes and are restricted by the board for the museum's collections. Part V, Line 4: Description of Intended Use of Endowment Funds: The Museums endowment consists of individual funds established for a variety of purposes. Its endowment includes both donor-restricted funds and funds designated by the Board of Trustees to function as endowments. Part X: Description of Uncertain Tax Positions Under FIN 48: Effective December 15, 2009, the Museum adopted Accounting for Uncertainty in Income Taxes. The standard prescribes a minimum recognition threshold and measurement methodology that a tax position taken or expected to be taken in a tax return is required to meet before being recognized in the financial statements. It also provides guidance for derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. The cumulative effect of this change in accounting principle was immaterial. In assessing the realizability of tax benefits, management considers whether it is more likely than not that some portion or all of any tax position will not be realized. The ultimate realization of such tax positions is dependent upon the generation of future income. Management considers projected future income, and tax planning strategies in making this assessment. The Museum does not expect a significant increase or decrease to the total amounts of unrecognized tax positions during the fiscal year ended June 30, 2010. However, the Museum is subject to regular audit by tax authorities. The Museum believes that it has appropriate support for the positions taken on its tax returns. Nonetheless, the amounts ultimately paid, if any, upon resolution of the issues raised by the taxing authorities may differ materially from the amounts accrued each year. The Museum files federal and state income tax returns. State tax returns are filed in New Jersey. The Museum is no longer subject to tax examinations for federal income taxes before the tax year 2006. The Museum is no longer subject to tax examinations for state income taxes before the tax year 2005. PART XI LINE 8: UNREALIZED LOSS ON INVESTMENTS PART XII LINE 2D: FUNDRAISING EXPENSE, COST OF GOODS SOLD, AND RENTAL EXPENSE PART XII LINE 4b: UNREALIZED LOSS ON INVESTMENTS PART XIII LINE 2d: FUNDRAISING EXPENSE, COST OF GOODS SOLD, AND RENTAL EXPENSE Cezanne Gala 276701 221243 55458 104276 JAZZ GALA 200060 164220 35840 85563 476761 385463 91298 189839 189839 -98541 X X X X 0 0 0 0 0 0 0 0 0 LORA URBANELLI 128238 0 0 0 40000 0 1688 0 6810 0 176736 0 0 0 X 77 0 0 1 0 Non Reporting of Revenue: Part I, Line 33: The Museum reported a zero amount on Form 990, Part VIII, Statement of Revenue, line 1g, because the Museum did not capitalize its collections, as allowed under ASC 958-360-25. Form 990, Part VI, Section A, line 4 the following significant changes were made to the board trustees by-laws: 1. Originally three committees (executive, nominating, and trusteeship) had varying authority to present nominations of trustees and officers to the board. This authority was changed solely that of the trusteeship committee. 2. The maximum number of board members was inreased from 40 to 45 persons. Form 990, Part VI, Section B, line 11 THE MUSEUM'S CFO WORKS CLOSELY WITH ITS INDEPENDENT AUDITORS TO PREPARE ITS FORM 990. A DRAFT OF THE 990 IS SHARED WITH AND REVIEWED BY THE DIRECTOR AND THE FINANCE COMMITTEE. THE CFO WORKS CLOSELY WITH THE BOARD PRESIDENT, BOARD TREASURER AND FINANCE COMMITTEE CO-CHAIR TO GROUP COMMENTS AND QUESTIONS, BEFORE SHARING REVISIONS WITH THE EXTERNAL ACCOUNTING FIRM. A REFINED DRAFT IS APPROVED BY THE COMMITTEE AND DISTRIBUTED ELECTRONICALLY TO THE FULL BOARD OF TRUSTEES BEFORE BEING FILED WITH THE IRS. Form 990, Part VI, Section B, line 12c EVERY FISCAL YEAR BOARD OFFICERS, DIRECTORS AND TRUSTEES ARE REQUIRED TO READ OUR CONFLICT OF INTEREST POLICY, AND TO FILL OUT A QUESTIONNAIRE WHICH DISCLOSES ANY POTENTIAL CONFLICTS. THE MUSEUM WILL NOW REQUIRE KEY EMPLOYEES TO FILL OUT THE SAME FORM. Form 990, Part VI, Section B, line 15 IN THE EVENT OF A DIRECTOR SEARCH, A SPECIAL AD-HOC COMMITTEE OF THE BOARD WOULD BE CREATED, TO REVIEW SALARY COMPARABILITY DATA, AND MAKE A RECOMMENDATION TO THE EXECUTIVE COMMITTEE AND FULL BOARD REGARDING AN APPROPRIATE CANDIDATE AND COMPENSATION STRUCTURE. THE COMPENSATION AMOUNTS FOR OTHER KEY EMPLOYEES ARE REVIEWED BY THE EXECUTIVE COMMITTEE AT THE TIME THE POSITION IS FILLED. DURING THE ANNUAL BUDGETING PROCESS THE BOARD TREASURER, MUSEUM DIRECTOR AND CFO REVIEW THE SALARY STRUCTURE OF ALL POSITIONS WITHIN THE MUSEUM. Form 990, Part VI, Section C, line 19 THE MONTCLAIR ART MUSEUM, MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE BY POSTING IT ON GUIDESTAR.ORG. IN ADDITION FORMS 990 AND 1023 AS WELL AS THE FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST AT THE ORGANIZATIONS OFFICE AT 3 SOUTH MOUNTAIN AVE, MONTCLAIR, NJ 07042. FORM 990. PART XI, LINE 2C. NO CHANGE FROM PRIOR YEAR