2011-11-11T11:45:53-06:00 2010-12-31 EISNERAMPER LLP 750 THIRD AVENUE NEW YORK NY 100172703 990 2010-01-01 141457573 Storm King Art Center STOR 8455343115 PO Box 280 Old Pleasant Hill Road MOUNTAINVILLE NY 10953 DWAYNE JARVIS 2011-11-10 JULIE FLOCH 2729498700 2010 2016-03-07 17:11:31Z JOHN P STERN PO BOX MOUNTAINVILLE NY 10953 6807248 false X STORMKING.ORG X 1960 NY TO PROVIDE EDUCATIONAL PROGRAMS, TO PRESERVE AND ENHANCE ITS COLLECTIONS, TO PROMOTE LAND CONSERVATION, TO CONTRIBUTE TO THE CULTURAL LIFE AND PROSPERITY OF OUR COMMUNITY. 16 14 44 38 0 -3942 1776786 2673931 588125 713127 1523308 1496995 6104 115750 3894323 4999803 0 0 0 0 1201838 1529446 0 0 487045 2692274 4133620 3894112 5663066 211 -663263 37178806 37377231 211797 202214 36967009 37175017 X PROGRAMMING AT THE STORM KING ART CENTER DERIVES FROM THE MUSEUM'S MISSION STATEMENT: "TO PRESERVE AND ENHANCE ITS COLLECTIONS AND PROGRAMS, BY AN EMPHASIS ON ACQUIRING AND EXHIBITING THE HIGHEST QUALITY WORKS OF ART, DISPLAYING THOSE WORKS AND CONSERVING THEM IN THE FINEST MANNER POSSIBLE....TO PROVIDE FORMAL EDUCATIONAL PROGRAMS AND TO CONDUCT, FOSTER AND PUBLISH FUNDAMENTAL RESEARCH IN THE FIELD OF MODERN AND CONTEMPORARY ART, WITH SPECIAL ATTENTION TO THE WORKS OF ARTISTS EXECUTING LARGE SCALE SCULPTURE OF THE KIND ON WHICH THE ART CENTER HAS FOCUSED. TO ACT AS A WISE STEWARD OF THE EXCEPTIONAL LANDS IT OWNS AND TO PRESERVE THE BEAUTY OF THE LANDSCAPE,...AND TO CONTRIBUTE IN ITS CAPACITY AS AN INTERNATIONAL ATTRACTION, TO THE CULTURAL LIFE AND PROSPERITY OF OUR REGION." PERSONS VISITING THE MUSEUM: 76,332 false false 4165503 713127 EXHIBITION: The Museum is dedicated to putting its collections on view in Mountainville NY and by loan elsewhere, as well as borrowing works of art for exhibition. The highest standards of scholorship, maintenance, installation, and interaction with the public all contribute to this critical exhibiting role. 150065 COLLECTION CONSERVATION: Storm King Art Center's principal duty is to keep its collections intact for future generations and to pass these on in optimum condition. To carry out this responsibility the Storm King Art Center strives to maintain effective programs of security, building maintenance, environmental control, and conservation. 4315568 true true false false false true true false false true true false false false true true false false false false false false false true false false false false true false false false false false false false false true true false false false false false false false false true 19 0 true 44 true true true true BD false false false true true false false false false X 16 14 true false false false false false false true true false false false true true true true true true true false NY X DWAYNE JARVIS 8455343115 OLD PLEASANT ROAD Mountainville NY 10953 PETER BIENSTOCK 1.0 X 0 0 0 DAVID R COLLENS 52.0 X X 153000 0 18922 THE DUKE OF DEVONSHIRE 1.0 X 0 0 0 DAVID DIAMOND 1.0 X X 0 0 0 CHRISTOPHER J ELLIMAN 1.0 X 0 0 0 JAMES H OTTAWAY JR 1.0 X X 0 0 0 NICHOLAS A POLSKY 1.0 X 0 0 0 ANNE P SIDAMON-ERISTOFF 1.0 X 0 0 0 RICHARD J SMITH 1.0 X 0 0 0 BEATRICE STERN 1.0 X 0 0 0 H PETER STERN 15.0 X X 0 0 37194 JOHN P STERN 20.0 X X 192307 0 10950 LISA STERN 1.0 X 0 0 0 HUME R STEYER 1.0 X 0 0 0 ADAM D WEINBERG 1.0 X 0 0 0 ERNEST OHNELL 1.0 X 0 0 0 ROSEMARIE L WOOD 52.0 X 93000 0 7647 GEORGENE ZLOCK 52.0 X 120000 0 10363 558307 0 85076 3 false true false V Bruce McCord 1708 Albany Post Road WALLKILL NY 12589 Construction/mowing 342140 93 Stone Castle LLC PO BOX 711 CORNWALL NY 12518 art conservation 167464 2 75355 867775 1730801 64000 2673931 ADMISSIONS FEES 900099 713127 713127 713127 176292 176292 0 0 2980938 10000 1670235 1310703 10000 1320703 1320703 15355 867775 15355 0 0 114381 121855 -7474 -7474 OTHER REVENUE 900099 123224 123224 123224 4999803 713127 1612745 0 0 0 0 643382 514706 96507 32169 0 615264 451893 87550 75821 68519 54815 10278 3426 91438 73150 13716 4572 110843 88675 16626 5542 0 31288 25031 4693 1564 42509 34008 6376 2125 0 0 218114 218114 183536 146829 27531 9176 122154 94407 26709 1038 76817 59430 16675 712 0 0 0 29074 22365 6429 280 0 17226 2584 861 13781 0 0 760475 676823 83652 148734 117500 29747 1487 COST OF EXHIBITIONS 906993 712930 11416 182647 REPAIRS & MAINTENANCE 161608 130358 27872 3378 CARE OF LAWN & GARDENS 408794 347478 57229 4087 DEVELOPMENT EXPENSES 170247 24187 8060 138000 MISC EXPENSES 268928 196028 70098 2802 587123 542371 40314 4438 5663066 4315568 860453 487045 731612 914433 5529073 210904 477338 87250 124276 0 328228 298009 14101 38169 29320531 15902962 13111796 13417569 7346664 9159495 8775635 12785703 740083 465699 37178806 37377231 211797 202214 211797 202214 X 36073976 35793409 893033 1381608 36967009 37175017 37178806 37377231 X -663263 871271 X false true true X false X 1509956 2455974 2038159 1776786 2673931 10454806 1509956 2455974 2038159 1776786 2673931 10454806 5811831 4642975 247069 282590 203460 229168 176292 1138579 1842 123224 125066 11718451 2830163 0.39621 0.78650 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 30.00 1 1 0 1 false 0.00 0 true X X X X false 4666774 4666774 22192274 14227155 7965119 2461483 1675807 785676 13417569 LP INVESTMENTS 12785703 F 12785703 0 0 4999803 5663066 -663263 871271 871271 208008 5652960 871271 871271 4781689 218114 218114 4999803 5444952 5444952 218114 218114 5663066 Collections Schedule D Part III Storm King Art Center's collection of post-1945 sculpture includes historically significant figurative works by American and European artists, the primary focus of its holdings are abstract, welded steel sculptures. The Storm King Art Center is a place that fuels creativity, ignites minds, and provides inspiration. With extraordinary exhibitions and the world's finest collection of modern and contemporary art, Storm King Art Center is dedicated to the conversation between the past and the present, the established and the experimental. Our mission is helping you understand and enjoy the art of our time. Art Collections Financial Statements explanation Schedule D Part III In conformity with practice followed by many museums, purchased and donated artworks are not included at their costs or fair values in the accompanying statements of financial position. Likewise, the loan values associated with the borrowed artworks are not included in the accompanying statements of activities. In 2010 and 2009, total artwork was insured by the Art Center for $100 million. The fair value of borrowed artworks approximated $138,490,500 and $72,236,500 in 2010 and 2009, respectively. INCOME TAXES Schedule D part XIV THE ART CENTER ADOPTED THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD'S ACCOUNTING STANDARDS CODIFICATION ("ASC") 740-10-05 RELATING TO ACCOUNTING AND REPORTING FOR UNCERTAINTY IN INCOME TAXES. BECAUSE OF THE ART CENTER'S GENERAL TAX-EXEMPT STATUS, THE ADOPTION OF ASC 740-10-05 HAS NOT HAD, AND IS NOT EXPECTED TO HAVE, A MATERIAL IMPACT ON THE ART CENTER'S FINANCIAL STATEMENTS. GALA 879780 864425 15355 15355 ANNUAL LUNCH 18705 18705 0 898485 883130 15355 15355 15355 X X X true true X X X X X false false false false false false false false false DAVID R COLLENS 153000 0 0 0 0 0 0 0 18922 0 171922 0 0 0 JOHN P STERN 192307 0 0 0 0 0 0 0 10950 0 203257 0 0 0 SCHEDULE J, PART I, LINE 1A BOARD CHAIRMAN H. PETER STERN RECEIVES COMPENSATION IN THE FORM OF HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES AND PERSONAL SERVICES SUCH AS A CHAUFFEUR. OFFICERS ROSEMARIE L. WOOD AND GEORGENE ZLOCK RECEIVE COMPENSATION IN THE FORM OF HOUSING ALLOWANCE. X WORKS OF ART 4 53000 FMV X SCENIC HUDSON RIVER VOYAGE 1 11000 FMV false true false FORM 990, PART VI, SECTION B, LINE 11A Prior to mailing(electronically filing) the Form 990, an elctronic copy is provided to the Audit Committee of the Board for review and comments. The final Form 990 is discussed and approved. FORM 990, PART VI, SECTION B, LINE 12C Annually, all Executive Committee Board members are required to review the Conflict of Interest Policy. Any new members introduced during the year are required to review the policy upon accepting the position. At Committee meetings, any conflict of interest issues are raised discussed and resolved as necessary. All board members are required to sign and submit a conflict of interest questionnaire. FORM 990, PART VI, SECTION B, LINE 15B Compensation packages are reviewed annually by the Compensation Committee of the Board based on comparison to industry standards. Additional consideration is given into available funding sources for supporting the compensation package. FORM 990, PART VI, SECTION A, LINE 2 Board Member H. Peter Stern is the father of the following board members Lisa, Beatrice and John Stern. FORM 990, PART XI, LINE 5 OTHER CHANGES IN NET ASSETS IS DUE TO UNRELAIZED GAINS IN INVESTMENTS. EXTENSION OF TIME TO FILE FORM 8868 APPLICATION FOR EXTENSION OF TIME TO FILE AN EXEMPT ORGANIZATION RETURN WAS PAPER FILED.