2026-05-13T15:16:11-05:00 2025-06-30 910189318 BAKER TILLY ADVISORY GROUP LP 333 BUSH STREET STE 1000 SAN FRANCISCO CA 94104 990 2024-07-01 943045948 CORPORATION OF THE FINE ARTS MUSEUMS CORP 4157508902 50 HAGIWARA TEA GARDEN DRIVE SAN FRANCISCO CA 941184501 JASON SEIFER CFO 4157508902 2026-05-12 1 1 QI WEN LIANG P01270238 4159561500 2026-05-12 2024 2025-03-06 01:10:19Z THOMAS CAMPBELL 50 HAGIWARA TEA GARDEN DRIVE SAN FRANCISCO CA 941184501 58268723 0 X WWW.FAMSF.ORG X 1987 CA PROVIDE A RICH AND DIVERSIFIED EXPERIENCE OF ART AND CULTURE. 46 46 397 375 0 0 45997907 41683139 8527828 8818495 269089 169159 2333232 2658750 57128056 53329543 1323227 1965777 0 0 32877232 35252963 415268 239273 4097879 18448204 20023766 53063931 57481779 4064125 -4152236 32152598 28208594 17882023 17296838 14270575 10911756 X THE CORPORATION OF THE FINE ARTS MUSEUMS (COFAM) IS A NONPROFIT PUBLIC BENEFIT CORPORATION FORMED IN 1987 RESPONSIBLE TO OPERATE THE DE YOUNG MUSEUM AND THE LEGION OF HONOR AND TO RAISE AND MAINTAIN FUNDS FOR THE MUSEUMS' SUPPORT. COFAM CONDUCTS THIS WORK ON BEHALF OF THE FINE ARTS MUSEUM OF SAN FRANCISCO (FAMSF), WHICH IS A CHARITABLE TRUST DEPARTMENT OF THE CITY AND COUNTY OF SAN FRANCISCO (CITY). THE CITY OWNS THE LAND AND BUILDINGS IN WHICH THE MUSEUMS OPERATE, AND MOST OF THE COLLECTIONS, AND PROVIDES PARTIAL OPERATING SUPPORT THROUGH AN ANNUAL APPROPRIATION FOR THEIR CARE AND MAINTENANCE. COFAM ACCOMPLISHES THE MISSION OF FAMSF THROUGH EXHIBITION OF THE PERMANENT COLLECTIONS, SPECIAL EXHIBITIONS, SCHOLARLY PUBLICATIONS, EDUCATION PROGRAMS, CARE AND RESEARCH OF THE COLLECTIONS, AND PUBLIC PROGRAMS. 0 0 23999713 0 8351452 EXHIBITIONS - COFAM PRESENTED 20 EXHIBITIONS IN THE DE YOUNG AND LEGION OF HONOR DURING FYE JUNE 30, 2025. THE WIDE RANGE OF EXHIBITIONS REFLECTS THE ENCYCLOPEDIC NATURE OF THE MUSEUMS AND INCLUDED: TAMARA DE LEMPICKA, ISAAC JULIEN, PAUL MCCARTNEY PHOTOGRAPHS, MARY CASSATT AT WORK, AND WAYNE THIEBAUD. THE MUSEUMS WELCOMED 1,165,000 GUESTS IN FISCAL 2025, A DECREASE OF 3% OVER THE PRIOR YEAR. 12926024 0 421243 COLLECTIONS RESEARCH, CARE AND CONSERVATION - COFAM'S STAFF INCLUDE CURATORS, REGISTRARS AND CONSERVATORS WHO HANDLE, RESEARCH AND CARE FOR THE CITY'S SIGNIFICANT PERMANENT COLLECTIONS HOUSED AND EXHIBITED AT THE DE YOUNG AND LEGION OF HONOR, AS WELL AS WORKS BORROWED FROM OTHER INSTITUTIONS AND PRIVATE COLLECTIONS FOR SPECIAL EXHIBITIONS. CARE AND RESEARCH EXTEND TO A ROBUST PROGRAM OF NEW ACQUISITIONS. 7026975 0 3178984 EDUCATION AND PUBLIC PROGRAMS - COFAM OFFERS AN EXTENSIVE ARRAY OF EDUCATION AND PUBLIC PROGRAMS, INCLUDING FREE SATURDAYS, FREE SCHOOL GROUP VISITS AND PROGRAMMING, AND FAMILY PROGRAMS. WE PARTNER WITH COMMUNITY GROUPS, ADVISORS AND ARTISTS TO CREATE HIGH QUALITY AND RELEVANT PROGRAMS. WE ALSO PROVIDE EDUCATIONAL TRAINING, CLASSROOM MATERIALS AND CURRICULA, AND SUPPORT TO ART PROFESSIONALS, STUDENTS, RESEARCHERS, AND TEACHERS. COFAM CONTINUES TO INNOVATE ITS EDUCATION AND PUBLIC PROGRAMS TO ASSURE EVERYONE FEELS WELCOME AND COMFORTABLE AT THE MUSEUMS, AND ABLE TO ACCESS AND DIGEST INFORMATION IN A VARIETY OF WAYS. THE MUSEUMS OFFER FREE ACCESS TO SPECIAL EXHIBITIONS SEVERAL TIMES EACH YEAR ON ACCESS MONDAYS RESERVED FOR VISITORS WITH DISABILITIES. THESE PROGRAMS SERVE OVER 200,000 VISITORS EACH YEAR. 1965777 1965777 0 SUPPORT FINE ARTS MUSEUMS FOUNDATION. TRANSFER TO FINE ARTS MUSEUMS FOUNDATION. 1965777 1965777 0 45918489 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 0 1 0 0 0 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 238 0 1 397 1 0 0 0 0 0 1 1 0 0 0 0 1 0 X 46 46 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X JASON SEIFER 4157503691 50 HAGIWARA TEA GARDEN DRIVE SAN FRANCISCO CA 941184501 JASON E MOMENT CHAIR (THRU 05/25), TRUSTEE 1.00 1.00 X X 0 0 0 DAVID HOOKER SPENCER CHAIR (AS OF 06/25), TRUSTEE 1.00 1.00 X X 0 0 0 JACK CALHOUN VICE CHAIR 1.00 0.00 X X 0 0 0 CARL F PASCARELLA VICE CHAIR 1.00 0.00 X X 0 0 0 DAVID A FRAZE TREASURER (THRU 10/24), TRUSTEE 1.00 0.00 X X 0 0 0 LYNN ANDERSON POOLE TREASURER (AS OF 10/24), TRUSTEE 1.00 0.00 X X 0 0 0 BAKARI AYINDE ADAMS TRUSTEE 1.00 0.00 X 0 0 0 AIDA M ALVAREZ TRUSTEE 1.00 0.00 X 0 0 0 ALEXANDRIA J ASHDOWN TRUSTEE 1.00 1.00 X 0 0 0 SHARON BELL TRUSTEE 1.00 0.00 X 0 0 0 ZACHARY S BOGUE TRUSTEE (THRU 05/25) 1.00 0.00 X 0 0 0 CAROL N BONNIE TRUSTEE (THRU 05/25) 1.00 0.00 X 0 0 0 BETTINA S BRYANT TRUSTEE 1.00 0.00 X 0 0 0 DAVID H S CHUNG TRUSTEE (THRU 10/24) 1.00 0.00 X 0 0 0 KATHERINE HARBIN CLAMMER TRUSTEE 1.00 0.00 X 0 0 0 JOHN DIEFENBACH TRUSTEE 1.00 0.00 X 0 0 0 STANLEE GATTI TRUSTEE 1.00 0.00 X 0 0 0 MAX BOYER GLYNN TRUSTEE 1.00 0.00 X 0 0 0 CYNTHIA FRY GUNN TRUSTEE 1.00 0.00 X 0 0 0 LUCY YOUNG HAMILTON TRUSTEE 1.00 0.00 X 0 0 0 HOLLY JOHNSON HARRIS TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM R HEARST III TRUSTEE (THRU 05/25) 1.00 1.00 X 0 0 0 GEORGE HECKSHER TRUSTEE 1.00 1.00 X 0 0 0 REBECCA REEVE HENDERSON TRUSTEE 1.00 0.00 X 0 0 0 DEBBIE JORGENSEN TRUSTEE 1.00 1.00 X 0 0 0 GRETCHEN B KIMBALL TRUSTEE 1.00 0.00 X 0 0 0 YASUNOBU KYOGOKU TRUSTEE 1.00 0.00 X 0 0 0 AUSTIN LIGON TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL LINN TRUSTEE 1.00 0.00 X 0 0 0 SETH L MATARASSO MD TRUSTEE 1.00 0.00 X 0 0 0 LESHELLE MAY TRUSTEE 1.00 1.00 X 0 0 0 KARESHA MCGEE TRUSTEE 1.00 0.00 X 0 0 0 BRYAN MEEHAN TRUSTEE 1.00 0.00 X 0 0 0 LORNA F MEYER TRUSTEE 1.00 5.00 X 0 0 0 ELIZABETH MINICK TRUSTEE 1.00 0.00 X 0 0 0 VALERIE COLEMAN MORRIS TRUSTEE 1.00 0.00 X 0 0 0 HEATHER PRESTON MD TRUSTEE 1.00 0.00 X 0 0 0 JEFFREY SAPER TRUSTEE 1.00 0.00 X 0 0 0 RICHARD H SCHELLER PHD TRUSTEE 1.00 0.00 X 0 0 0 LAURA SCHER TRUSTEE 1.00 0.00 X 0 0 0 DAVID SHIMMON TRUSTEE 1.00 0.00 X 0 0 0 DAVID SOWARD TRUSTEE 1.00 1.00 X 0 0 0 MARVIN TSEU TRUSTEE 1.00 1.00 X 0 0 0 PAUL A VIOLICH TRUSTEE 1.00 1.00 X 0 0 0 DAVID WADHWANI TRUSTEE 1.00 0.00 X 0 0 0 DOUGLAS WALL TRUSTEE 1.00 0.00 X 0 0 0 BARBARA WOLFE TRUSTEE 1.00 0.00 X 0 0 0 BRENDA WRIGHT TRUSTEE 1.00 0.00 X 0 0 0 LISA ZANZE TRUSTEE 1.00 0.00 X 0 0 0 JULIA ZHEN TRUSTEE 1.00 0.00 X 0 0 0 DIANE B WILSEY CHAIR EMERITA 1.00 1.00 X 0 0 0 THOMAS CAMPBELL DIRECTOR OF MUSEUMS AND CEO 40.00 5.00 X 847037 286881 74967 JASON SEIFER CHIEF FINANCIAL AND ADMIN OFFICER 40.00 10.00 X 371108 0 57083 MEGAN A BOURNE CHIEF OF STAFF 40.00 0.00 X 245398 0 40080 KRISTA BRUGNARA - CHIEF EXHIBITIONS AND COLLECTIONS OFFICER 40.00 0.00 X 282019 0 29766 LISA GROVE CHIEF OF STAFF AND STRATEGY 40.00 0.00 X 286202 0 11795 DANIELLE STGERMAIN CHIEF PHILANTHROPY OFFICER 40.00 0.00 X 312264 0 25003 CHRISTINE MOSS CHIEF HUMAN RESOURCES OFFICER 40.00 0.00 X 217650 0 62353 TIMOTHY BURGARD DISTINGUISHED SENIOR CURATOR 40.00 0.00 X 206089 0 36062 GUSTAVO SALAS - DIRECTOR OF FACILITIES AND OPERATIONS 40.00 0.00 X 190298 0 28062 MEGHAN MCCAULEY - SENIOR DIRECTOR OF MEMBERSHIP AND INDIVIDUAL GIVING 40.00 0.00 X 193470 0 23354 PAUL PETERSON DIRECTOR OF INFORMATION TECHNOLOGY 40.00 0.00 X 193618 0 16934 3345153 286881 405459 85 0 1 0 ONE RHYTHM LLC 414 FIRST STREET E UNIT 6 SONOMA CA 95476 DIRECT MAILING 506426 CONTI TIPOCOLOR VIA G GUINIZZELLI 20 CALENZANOFIRENZE IT 50040 BOOKS PRINTING 266758 MIKE WILLIAMS DRYWALL 2223 W HEARN AVENUE SANTA ROSA CA 95407 DRYWALL CONSTRUCTION 263350 MOSS ADAMS LLP 999 THIRD AVENUE SUITE 2800 SEATTLE WA 98104 TAX/AUDIT SERVICES 197550 SWINERTON BUILDERS 2001 CLAYTON ROAD 7TH FLOOR CONCORD CA 94520 CONSTRUCTION/REPAIRS 196225 11 11721742 2654662 7798649 19508086 2639885 41683139 ADMISSIONS & EVENTS 713990 6859536 6859536 LECTURES, TOURS, PUBLICATIONS 713990 1708959 1708959 MANAGEMENT FEES 561499 250000 250000 8818495 81945 81945 1056538 638629 417909 417909 417909 87214 0 87214 87214 87214 300475 2654662 1292730 -992255 -992255 101820 1908 99912 99912 6139097 3005913 3133184 3133184 53329543 11951679 0 -305275 1965777 1965777 2621831 1558886 701773 361172 24881751 19561717 3260372 2059662 972871 754803 154519 63549 4657826 3841040 479993 336793 2118684 1682507 248662 187515 190435 190435 154880 154880 239273 239273 3664375 2989356 452276 222743 1180921 1176474 4447 1093744 1060434 28571 4739 494674 380899 79148 34627 2684138 2569522 57105 57511 868510 499996 293081 75433 590033 217585 151784 220664 756607 756607 471874 232801 239073 SHIPPING 2695369 2657676 9077 28616 EQUIPMENT RENTAL & MAIN 2097669 1660663 354691 82315 PARTICIPATION FEES 530556 530556 2549981 1821190 609971 118820 57481779 45918489 7465411 4097879 5094225 2949909 2855218 1309056 11886846 10503965 1901291 1963468 1221046 1184927 2073558 1807420 16236693 11019395 3775650 5217298 3344764 3272551 32152598 28208594 10448138 12094347 1753404 819570 1582183 1448528 4098298 2934393 17882023 17296838 X 345104 2543572 13925471 8368184 14270575 10911756 32152598 28208594 X -4152236 793417 X 0 1 X 1 0 X 29170137 45418811 38121005 45997907 41683139 200390999 17311267 17903984 19697592 20246729 21376544 96536116 46481404 63322795 57818597 66244636 63059683 296927115 26667338 270259777 36941 373476 697062 1100011 1138483 3345973 300273088 65410446 0.90000 0.89700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 3381722 1069947 2311775 9687152 8107158 1579994 3167819 1842290 1325529 5217298 ROU ASSET 2869722 ACCRUED PENSION ASSET 402829 3272551 OPERATING LEASE LIABILITY 2934393 2934393 X PART IV, LINE 2B: COFAM IS THE TRUSTEE FOR CERTAIN ASSETS ("AGENCY FUNDS") THAT ARE HELD IN TRUST. AGENCY FUNDS REPRESENT ASSETS THAT ARE HELD BY COFAM ON BEHALF OF THE TRUSTOR ORGANIZATIONS. THESE ASSETS CONSIST OF CASH AND INVESTMENTS. ACCORDINGLY, SUCH ASSETS ARE REFLECTED AS ASSETS AND CORRESPONDING LIABILITIES IN THE COMBINED FINANCIAL STATEMENTS. PART X, LINE 2: COFAM HAS OBTAINED DETERMINATION LETTERS FROM THE INTERNAL REVENUE SERVICE AND THE CALIFORNIA FRANCHISE TAX BOARD TO THE EFFECT THAT THEY QUALIFY AS TAX-EXEMPT ENTITIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE, RESPECTIVELY. ACCORDINGLY, THE PRIMARY OPERATIONS OF COFAM ARE CONSIDERED EXEMPT FROM FEDERAL INCOME AND STATE FRANCHISE TAXES. THE ORGANIZATION HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF JUNE 30, 2025 AND 2024, IT DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. X X X X X X X 1 MERKLE RESPONSE SERVICES 100 JAMISON COURT HAGERSTOWN MD 21740 TELEMARKETING 0 3091981 6951 3085030 THE LUKENS CO 2800 SHIRLINGTON ROAD 9TH FLOOR ARLINGTON VA 22206 TELEMARKETING 0 519134 227464 291670 SD&A TELESERVICES INC 5757 WEST CENTURY BLVD SUITE 300 LOS ANGELES CA 90045 TELEMARKETING 0 0 4858 -4858 3611115 239273 3371842 CA ANNUAL GALA 1662590 1501190 161400 127469 215894 331737 66352 BTA 646187 542987 103200 22616 119456 31338 89206 3 646360 610485 35875 15654 73871 142792 56345 2955137 2654662 300475 165739 409221 505867 211903 1292730 -992255 101820 1908 1 1.00000 101820 1908 1908 99912 CA 1 0 0 0 1.00000 0.00000 KIRA GABER 50 HAGIWARA TEA GARDEN DRIVE SAN FRANCISCO CA 94118 0 CARRIE MONTGOMERY EMPLOYEE WHO OVERSEES THE BOUQUETS TO ART ANNUAL EVENT AND FUNDRAISER WHICH INCLUDES A SMALL RAFFLE. X 1 91638 1 FINE ARTS MUSEUMS FOUNDATION 50 HAGIWARA TEA GARDEN DRIVE SAN FRANCISCO CA 94118 946096509 501(C)(3) 1965777 0 FMV OPERATIONAL SUPPORT 1 0 PART I, LINE 2: GRANTS FUNDS ARE RELEASED ONCE EXPENDITURES HAVE BEEN INCURRED BY THE RECIPIENT ORGANIZATION. THOSE EXPENDITURES HAVE TO MEET THE DONOR-IMPOSED RESTRICTIONS PRIOR TO RELEASE. X X X X X 0 0 0 0 0 0 0 0 0 THOMAS CAMPBELL DIRECTOR OF MUSEUMS AND CEO 844524 279544 0 0 2513 7337 17654 0 0 57313 864691 344194 0 0 JASON SEIFER CHIEF FINANCIAL AND ADMIN OFFICER 370545 0 0 0 563 0 24150 0 32933 0 428191 0 0 0 DANIELLE STGERMAIN CHIEF PHILANTHROPY OFFICER 310732 0 0 0 1532 0 258 0 24745 0 337267 0 0 0 KRISTA BRUGNARA - CHIEF EXHIBITIONS AND COLLECTIONS OFFICER 262378 0 18473 0 1168 0 18446 0 11320 0 311785 0 0 0 LISA GROVE CHIEF OF STAFF AND STRATEGY 285457 0 0 0 745 0 475 0 11320 0 297997 0 0 0 MEGAN A BOURNE CHIEF OF STAFF 243720 0 0 0 1678 0 17443 0 22637 0 285478 0 0 0 CHRISTINE MOSS CHIEF HUMAN RESOURCES OFFICER 217137 0 0 0 513 0 15750 0 46603 0 280003 0 0 0 TIMOTHY BURGARD DISTINGUISHED SENIOR CURATOR 196830 0 7921 0 1338 0 13425 0 22637 0 242151 0 0 0 GUSTAVO SALAS - DIRECTOR OF FACILITIES AND OPERATIONS 189089 0 0 0 1209 0 5806 0 22256 0 218360 0 0 0 MEGHAN MCCAULEY - SENIOR DIRECTOR OF MEMBERSHIP AND INDIVIDUAL GIVING 193301 0 0 0 169 0 12034 0 11320 0 216824 0 0 0 PAUL PETERSON DIRECTOR OF INFORMATION TECHNOLOGY 192409 0 0 0 1209 0 5614 0 11320 0 210552 0 0 0 X 27 2639885 FMV 0 0 1 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWS AND APPROVES THE COMPLETED TAX RETURN THAT IS PREPARED BY BAKER TILLY. A FINAL DRAFT OF THE FORM 990 IS EMAILED TO THE ENTIRE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS SHARED ANNUALLY WITH THE BOARD OF TRUSTEES, OFFICERS AND KEY EMPLOYEES (INCLUDING THE DIRECTOR). THEY MUST COMPLETE AN ANNUAL FORM ACKNOWLEDGING RECEIPT OF THE POLICY AND AGREE TO COMPLY WITH ITS TERMS. THEY ARE REQUIRED TO REPORT ANY INTERESTS OR RELATIONSHIPS THAT COULD GIVE RISE TO A CONFLICT OF INTEREST. IF A CONFLICT ARISES, THEY WOULD BE PROHIBITED FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS ABOUT THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE DIRECTOR OF MUSEUMS IS THE RESPONSIBILITY OF THE BOARD MEMBERS WHO ARE ON THE COMPENSATION COMMITTEE. INDEPENDENT COMPENSATION STUDIES FROM COMPARABLE ORGANIZATIONS ARE REVIEWED BY THE COMPENSATION COMMITTEE EVERY FEW YEARS, WHO THEN APPROVE THE COMPENSATION OF THE DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 THE COMBINED FINANCIAL STATEMENTS ARE AVAILABLE ON THE MUSEUMS' WEBSITE. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST THROUGH THE ADMINISTRATIVE OFFICES. FORM 990, PART XI, LINE 9: CHANGE IN ADDITIONAL MINIMUM PENSION LIABILITY 793,417. FINE ARTS MUSEUMS FOUNDATION 50 HAGIWARA TEA GARDEN DRIVE SAN FRANCISCO CA 941184501 946096509 SEE PART VII CA 501(C)(3) LINE 12 COFAM 1 THE FINE ARTS MUSEUMS OF SAN FRANCISCO 50 HAGIWARA TEA GARDEN DRIVE SAN FRANCISCO CA 941184501 946000417 SEE PART VII CA 0 0 1 1 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1 FINE ARTS MUSEUMS FOUNDATION B 1965777 FMV FINE ARTS MUSEUMS FOUNDATION C 7798649 FMV FINE ARTS MUSEUMS FOUNDATION M 250000 FMV PART II, IDENTIFICATION OF RELATED TAX-EXEMPT ORGANIZATIONS: NAME OF RELATED ORGANIZATION: FINE ARTS MUSEUMS FOUNDATION PRIMARY ACTIVITY: MANAGEMENT OF ENDOWMENT AND ART ACQUISITION FUNDS FOR THE FINE ARTS MUSEUMS OF SAN FRANCISCO. PART II, IDENTIFICATION OF RELATED TAX-EXEMPT ORGANIZATIONS: NAME OF RELATED ORGANIZATION: THE FINE ARTS MUSEUMS OF SAN FRANCISCO PRIMARY ACTIVITY: THE CITY AND COUNTY OF SAN FRANCISCO OWNS THE MUSEUMS' BUILDINGS AND MOST OF THE COLLECTIONS AND PROVIDES AN ANNUAL APPROPRIATION FOR SECURITY, CARE AND MAINTENANCE OF THE COLLECTIONS AND FACILITIES.