2023-11-09T14:41:22-06:00 2022-12-31 871353108 EISNER ADVISORY GROUP LLC 733 THIRD AVENUE NEW YORK NY 100172703 990 2022-01-01 141457573 STORM KING ART CENTER STOR 8455343115 1 MUSEUM ROAD NEW WINDSOR NY 12553 DWAYNE JARVIS PRESIDENT 8455343115 2023-11-08 1 DWAYNE JARVIS 999009999 0 CANDICE METH P01306891 2129498700 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOHN P STERN 1 MUSEUM ROAD NEW WINDSOR NY 12553 21363522 0 X WWW.STORMKING.ORG X 1960 NY EXHIBIT, ACQUIRE, BORROW, AND CONSERVE MODERN AND CONTEMPORARY ART IN ITS EXPANSIVE LANDSCAPE. 23 21 137 20 37301 0 8206569 9603507 3265073 3144137 2722701 1083369 35866 52966 14230209 13883979 0 0 0 0 5312536 5883097 0 0 1281506 3946001 4109234 9258537 9992331 4971672 3891648 80583864 73822099 714282 858958 79869582 72963141 STORM KING ART CENTER EXHIBITS, ACQUIRES, BORROWS, AND CONSERVES MODERN AND CONTEMPORARY ART, FOCUSING ON LARGE-SCALE SCULPTURE SITED IN ITS EXPANSIVE LANDSCAPE, TO CREATE A DYNAMIC AND UNIQUE PLACE TO EXPLORE ART IN NATURE. 0 0 6033468 3159791 MUSEUM EXHIBITIONS AND OPERATIONS: STORM KING DISPLAYS, INTERPRETS, AND SELECTIVELY COLLECTS SIGNIFICANT MODERN AND CONTEMPORARY ARTWORK. STORM KING'S DISPLAY INCLUDES WORKS FROM ITS COLLECTION, SITE-SPECIFIC COMMISSIONS, LONG-TERM LOANS, AND ANNUAL EXHIBITIONS. 860222 EDUCATION: THROUGH ITS EDUCATION DEPARTMENT AND PUBLIC PROGRAMS, STORM KING INVITES VISITORS OF ALL AGES TO PARTICIPATE AND EXPERIENCE ART AND NATURE. DEEPER LEARNING AND RESEARCH IS MADE POSSIBLE THROUGH A WIDE RANGE OF PARTNERSHIPS, PUBLICATIONS, AND ARCHIVAL INITIATIVES. 801372 COLLECTION CONSERVATION: STORM KING IS COMMITTED TO CONSERVING ITS COLLECTION FOR LONG-TERM DISPLAY OUTDOORS AND FOR EDUCATIONAL OPPORTUNITIES FOR OUR GROWING AUDIENCE. TO THIS END, STORM KING STRIVES TO MAINTAIN THE HIGHEST STANDARDS OF SITE SECURITY, ENVIRONMENTAL CONTROL, AND CONSERVATION PRACTICES. 7695062 1 1 0 0 0 0 1 1 0 1 1 1 0 0 0 1 1 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 41 0 1 137 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 23 21 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X DWAYNE JARVIS 8455343115 1 MUSEUM ROAD NEW WINDSOR NY 12553 JOHN P STERN PRESIDENT 40.00 X X 359938 0 15826 DAVID COLLENS EXECUTIVE DIRECTOR 40.00 X X 134772 0 27293 ROBERTA DENNING CHAIR 2.00 X X 0 0 0 PETER A BIENSTOCK VICE CHAIR (THRU 10/2022) 2.00 X X 0 0 0 HUME R STEYER SECRETARY 2.00 X X 0 0 0 DAVID DIAMOND TREASURER 2.00 X X 0 0 0 CHRISTOPHER ELLIMAN TRUSTEE 2.00 X 0 0 0 CATHY FRANK HALSTEAD TRUSTEE 2.00 X 0 0 0 HEATHER HART TRUSTEE 2.00 X 0 0 0 MIGUEL HENNESSY TRUSTEE 2.00 X 0 0 0 FRANCIS KERE TRUSTEE 2.00 X 0 0 0 DEBBY LANDESMAN TRUSTEE 2.00 X 0 0 0 JENNIFER NAPIER NOLEN TRUSTEE 2.00 X 0 0 0 JAMES H OTTAWAY JR TRUSTEE 2.00 X 0 0 0 VIRGINIA OVERTON TRUSTEE 2.00 X 0 0 0 NICHOLAS A POLSKY TRUSTEE 2.00 X 0 0 0 RODNEY REID TRUSTEE 2.00 X 0 0 0 THOMAS A RUSSO TRUSTEE 2.00 X 0 0 0 RICHARD J SMITH TRUSTEE 2.00 X 0 0 0 BEATRICE STERN TRUSTEE 2.00 X 0 0 0 LISA STERN TRUSTEE 2.00 X 0 0 0 STEPHEN S TREVOR TRUSTEE 2.00 X 0 0 0 COURTNEY B VANCE TRUSTEE 2.00 X 0 0 0 ADAM D WEINBERG TRUSTEE 2.00 X 0 0 0 ANTHONY DAVIDOWITZ ASSISTANT SECRETARY 40.00 X 216384 0 20512 DWAYNE JARVIS ASSISTANT TREASURER 40.00 X 118437 0 6626 AMY WEISSER DEP. DIR./STRATEGIC PLAN 40.00 X 178118 0 36698 NORA LAWRENCE ART. DIR. / CHIEF CURATOR 40.00 X 164209 0 36141 MIKE SEAMAN DIR. FAC.& CONSERVATION 40.00 X 118715 0 32834 CATHERINE WILLIAMS DIR. OF DEVELOPMENT 40.00 X 134683 0 8908 1425256 0 184838 8 0 1 0 WHITING-TURNER CONTRACTING PO BOX 17596 BALTIMORE MD 21297 CONSTRUCTION MANAGER 249090 FITZ & CO INC 413 WEST 14TH STREET 200 NEW YORK NY 10014 MARKETING FIRM 182440 ENVOIE PROJECTS 220 EAST 42ND STREET SUITE 408 NEW YORK NY 10017 OWNER REPRESENTATIVE 181308 CLAIRE WEISZ ARCHITECTS LLP 25 PARK PLACE NEW YORK NY 10007 ARCHITECT 165700 KC FABRICATIONS 39 STEVENS LANE GARDINER NY 12525 STEEL FABRICATION 143637 9 461947 1133189 8008371 307842 9603507 ADMISSIONS FEES 900099 2735818 2735818 MISCELLANEOUS PROGRAM 900099 408319 408319 3144137 236761 93 236668 8000051 7153443 846608 846608 -104 846712 104600 1133189 104600 0 237154 221500 15654 15654 PRIVATE EVENTS REVENUE 713940 37312 37312 37312 13883979 3159791 37301 1083380 899788 680970 101111 117707 3845970 2907408 366116 572446 216566 162424 21657 32485 589132 441849 58913 88370 331641 248731 33164 49746 77926 56321 21605 56700 51556 5144 127274 127274 620817 542831 46945 31041 132379 112522 19857 182031 118386 34687 28958 193335 145001 38667 9667 110840 88179 18129 4532 34281 24475 3110 6696 446925 397763 49162 245990 225081 18449 2460 PAYMENTS FOR ARTWORK 644582 644582 BUILDING AND GROUNDS 468993 409769 16020 43204 DEVELOPMENT/MEMBERSHIP 328089 23747 16549 287793 EXHIBITION EXPENSES 311047 311047 128025 102420 19204 6401 9992331 7695062 1015763 1281506 8484398 4427434 7883965 16451641 9539578 8882885 73954 225268 310509 321569 158086 93387 39106428 20825945 17310952 18280483 19787434 11645966 17034988 13493466 80583864 73822099 714282 858958 714282 858958 X 51262108 39244099 28607474 33719042 79869582 72963141 80583864 73822099 3891648 -10798089 0 X 0 1 X 1 0 X 20123747 8784591 6540043 8206569 9603507 53258457 20123747 8784591 6540043 8206569 9603507 53258457 23270068 29988389 372720 227517 133383 179421 236668 1149709 111968 111968 91700 30473 59634 71810 237154 490771 55010905 0.54510 0.51250 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: VISITOR CENTER SALES AND OTHER MISC INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 30.00 1 1 1 0 1 X X X X 0 3091298 28015 -372870 165678 2580765 2899424 46672 185382 40180 3091298 2615146 61332 249291 26345 2899424 2610424 4722 2615146 1.00000 0 0 5645343 5645343 17125241 5388733 11736508 16335844 15437212 898632 18280483 PRIVATE EQUITY 13518 F HEDGE FUNDS 6307116 F OTHER POOLED INV. FUNDS 7172832 F 13493466 X 2958616 -10798089 -10798089 13756705 127274 127274 13883979 9865057 0 9865057 127274 127274 9992331 PART II, LINE 9: CONSERVATION EASEMENT - THE LAND OWNED BY STORM KING IS INCLUDED IN STORM KING'S STATEMENTS OF FINANCIAL POSITION. THERE IS NO REVENUE AND MINIMAL EXPENSE ASSOCIATED WITH THE CONSERVATION EASEMENT, AND ACCORDINGLY, THERE IS NO FOOTNOTE DISCLOSURE REGARDING THE EASEMENT. PART III, LINE 1A: ALL COLLECTION ITEMS ARE CATALOGUED AND PRESERVED AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED REGULARLY. THE COST OR VALUE OF THE COLLECTION ITEMS, INCLUDING PURCHASED AND DONATED ARTWORKS, ARE NOT INCLUDED IN THE STATEMENTS OF FINANCIAL POSITION. IT IS THE ART CENTER'S POLICY TO INSURE TRANSPORTED ITEMS IN THE COLLECTIONS AT THEIR CURRENT FAIR MARKET VALUE. PART III, LINE 4: STORM KING ART CENTER'S PERMANENT COLLECTION IS COMPRISED OF MORE THAN 120 CONTEMPORARY AND MODERN SCULPTURES CREATED BY SOME OF THE MOST ACCLAIMED ARTISTS OF OUR TIME, INCLUDING ALEXANDER CALDER, MARK DI SUVERO, LOUISE NEVELSON, ISAMU NOGUCHI, AND DAVID SMITH. ADDITIONALLY, THE COLLECTION INCLUDES WORLD-RENOWNED SITE-SPECIFIC INSTALLATIONS BY MAYA LIN, RICHARD SERRA, AND ANDY GOLDSWORTHY, AMONGST OTHERS. STORM KING'S COLLECTION IS ESSENTIAL IN THE DEVELOPMENT OF EDUCATIONAL AND PUBLIC PROGRAMS AS WELL AS EXHIBITION PLANNING. IN CONFORMITY WITH THE PRACTICE FOLLOWED BY MANY MUSEUMS AND IN ACCORDANCE WITH NOT-FOR-PROFIT INDUSTRY PRACTICE, PURCHASED AND DONATED WORKS OF ART AND THE LOAN VALUES ASSOCIATED WITH BORROWED WORK OF ART HAVE NOT BEEN CAPITALIZED AND ARE NOT REPORTED IN THE STATEMENTS OF FINANCIAL POSITION. IN 2022, TOTAL WORKS OF ART WAS INSURED BY STORM KING FOR $200,000,000. THE FAIR VALUE OF BORROWED ARTWORKS WAS $186,875,000 IN 2022. IT IS STORM KING'S POLICY TO INSURE TRANSPORTED ITEMS IN THE COLLECTIONS AT THEIR CURRENT FAIR MARKET VALUE. PART V, LINE 4: STORM KING'S ENDOWMENT CONSISTS OF TWO INDIVIDUAL DONOR-RESTRICTED FUNDS, ONE FOR SUSTAINING THE SALARY OF AN ANNUAL EDUCATIONAL INTERN AND A SECOND SUPPORTING ARTISTIC EXCELLENCE, SPECIFICALLY TO SUPPORT THE ANNUAL EXHIBITION. PART X, LINE 2: STORM KING IS SUBJECT TO THE PROVISIONS OF THE FINANCIAL ACCOUNTING STANDARDS BOARD'S (THE "FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, INCOME TAXES, AS IT RELATES TO ACCOUNTING AND REPORTING FOR UNCERTAINTY IN INCOME TAXES. STORM KING IS SUBJECT TO POTENTIAL UNRELATED BUSINESS INCOME TAX RELATING TO ITS INVESTMENT ACTIVITIES AND CERTAIN OTHER REVENUES. BECAUSE OF STORM KING'S GENERAL TAX-EXEMPT STATUS, ASC TOPIC 740 HAS NOT HAD, AND IS NOT EXPECTED TO HAVE, A MATERIAL IMPACT ON STORM KING'S FINANCIAL STATEMENTS. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 8928525 0 0 0 0 0 0 8928525 0 8928525 1 0 1 0 1 0 PART II, LINE 1 ACCOUNTING METHOD: AMOUNT REPORTED USING THE ACCRUAL BASIS OF ACCOUNTING. PART III ACCOUNTING METHOD: PART IV, LINE 3 STORM KING HAD AN OWNERSHIP INTEREST IN FOREIGN CORPORATIONS DURING 2022 RELATED TO THEIR INVESTMENT PORTFOLIO. STORM KING WAS NOT REQUIRED TO FILE FORM 5471 DUE TO THE THRESHOLDS NOT BEING MET. PART IV, LINE 5 STORM KING HAD AN OWNERSHIP INTEREST IN FOREIGN PARTNERSHIPS DURING 2022 RELATED TO THEIR INVESTMENT PORTFOLIO. STORM KING WAS NOT REQUIRED TO FILE FORM 8865 DUE TO THE THRESHOLDS NOT BEING MET. GALA/AUCTION 1129719 1038819 90900 43779 27270 19851 SUMMER NIGHT 108070 94370 13700 6850 5250 1600 1237789 1133189 104600 43779 34120 5250 21451 104600 0 X X X X 0 0 0 0 0 0 0 0 0 JOHN P STERN PRESIDENT 359938 0 0 0 0 0 15250 0 576 0 375764 0 0 0 ANTHONY DAVIDOWITZ ASSISTANT SECRETARY 216384 0 0 0 0 0 11001 0 9511 0 236896 0 0 0 AMY WEISSER DEP. DIR./STRATEGIC PLAN 178118 0 0 0 0 0 9504 0 27194 0 214816 0 0 0 NORA LAWRENCE ART. DIR. / CHIEF CURATOR 164209 0 0 0 0 0 9000 0 27141 0 200350 0 0 0 DAVID COLLENS EXECUTIVE DIRECTOR 134772 0 0 0 0 0 7243 0 20050 0 162065 0 0 0 MIKE SEAMAN DIR. FAC.& CONSERVATION 118715 0 0 0 0 0 6500 0 26334 0 151549 0 0 0 X 7 307842 FMV ON DATE RECEIVED 0 1 0 PART I, COLUMN (B): THE AMOUNT REPORTED REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 2 PRESIDENT AND BOARD MEMBER JOHN P. STERN IS THE BROTHER OF BOARD MEMBERS LISA AND BEATRICE STERN. FORM 990, PART VI, SECTION B, LINE 11B ONCE APPROVED BY MANAGEMENT, THE DRAFT FORM 990 IS PROVIDED TO THE AUDIT COMMITTEE OF THE BOARD FOR REVIEW, COMMENTS AND APPROVAL. A COPY OF THE FORM 990 IS PROVIDED TO THE GOVERNING BOARD BY THE AUDIT COMMITTEE PRIOR TO E-FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR ALL EXECUTIVE COMMITTEE BOARD MEMBERS AND SENIOR MANAGEMENT STAFF ARE REQUIRED TO REVIEW THE CONFLICT-OF-INTEREST POLICY. ANY NEW MEMBERS ARE REQUIRED TO REVIEW THE POLICY BEFORE 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 ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PACKAGES ARE REVIEWED ANNUALLY BY THE COMPENSATION COMMITTEE OF THE BOARD BASED ON COMPARISON TO INDUSTRY STANDARDS. ADDITIONAL CONSIDERATION IS GIVEN TO AVAILABLE FUNDING SOURCES FOR SUPPORTING THE COMPENSATION PACKAGE. BEATRICE STERN AND LISA STERN RECUSE THEMSELVES DURING THE VOTE AND APPROVAL OF JOHN P. STERN'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 STORM KING MAKES ITS GOVERNING DOCUMENTS, CONFLICT-OF-INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.