2023-11-15T14:57:25-06:00 2022-12-31 111986323 MARCUM LLP 555 LONG WHARF DRIVE NEW HAVEN CT 06511 990 2022-01-01 131592242 MARIAN AND EDWARD MACDOWELL INC MARI 6039243886 100 HIGH STREET PETERBOROUGH NH 03458 DAVID MACY ASSISTANT SECRETARY 6039243886 2023-11-15 1 DAVID MACY 999009999 0 MARY ANTONETTI P00431862 2037819600 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHIWONISO KAITANO 521 WEST 23RD STREET 2ND FLOOR NEW YORK NY 10011 12562079 0 X WWW.MACDOWELL.ORG X 1907 NY MACDOWELL'S MISSION IS TO NURTURE THE ARTS BY OFFERING TALENTED INDIVIDUALS (SEE SCH O)AN INSPIRING RESIDENTIAL ENVIRONMENT IN WHICH TO PRODUCE ENDURING WORKS OF THE IMAGINATION. MACDOWELL WELCOMES ARTISTS ENGAGING IN THE BROADEST SPECTRUM OF ARTISTIC PRACTICE AND THOSE INVESTIGATING AN UNLIMITED ARRAY OF CREATIVE INQUIRIES AND CONCERNS. MACDOWELL APPLIES THE SAME EGALITARIAN STANDARDS FOR ALL THOSE WHO SERVE THE ORGANIZATION IN A STAFF, VOLUNTEER, OR REPRESENTATIVE CAPACITY. MACDOWELL GRANTS FELLOWSHIPS TO AS MANY AS 300 ARTISTS PER YEAR, OFFERING ROOM, BOARD, AND EXCLUSIVE USE OF A STUDIO FOR STAYS UP TO SIX WEEKS. AMIDST THE COMPANY OF A DIVERSE COMMUNITY OF PEERS, MACDOWELL FELLOWS' PRODUCTIVITY BENEFITS FROM THESE WEEKS FREED FROM DISTRACTION TOGETHER WITH THE OPPORTUNITY TO EXCHANGE CREATIVE IDEAS AND CONNECTIONS IN A CONVIVIAL SETTING. 47 47 65 85 42033 0 2857164 2219020 31902 100464 3361065 3770431 65185 5636 6315316 6095551 78750 125242 0 0 3136372 3402527 0 0 890648 1969765 2285590 5184887 5813359 1130429 282192 57326631 48219199 2590183 2436304 54736448 45782895 X MACDOWELL'S MISSION IS TO NURTURE THE ARTS BY OFFERING TALENTED INDIVIDUALS AN INSPIRING RESIDENTIAL ENVIRONMENT IN WHICH TO PRODUCE ENDURING WORKS OF THE IMAGINATION. MACDOWELL WELCOMES ARTISTS ENGAGING IN THE BROADEST SPECTRUM OF ARTISTIC PRACTICE AND THOSE (SEE SCH. O)INVESTIGATING AN UNLIMITED ARRAY OF CREATIVE INQUIRIES AND CONCERNS. MACDOWELL APPLIES THE SAME EGALITARIAN STANDARDS FOR ALL THOSE WHO SERVE THE ORGANIZATION IN A STAFF, VOLUNTEER, OR REPRESENTATIVE CAPACITY. MACDOWELL GRANTS FELLOWSHIPS TO AS MANY AS 300 ARTISTS PER YEAR, OFFERING ROOM, BOARD, AND EXCLUSIVE USE OF A STUDIO FOR STAYS UP TO SIX WEEKS. AMIDST THE COMPANY OF A DIVERSE COMMUNITY OF PEERS, MACDOWELL FELLOWS' PRODUCTIVITY BENEFITS FROM THESE WEEKS FREED FROM DISTRACTION TOGETHER WITH THE OPPORTUNITY TO EXCHANGE CREATIVE IDEAS AND CONNECTIONS IN A CONVIVIAL SETTING. 0 0 3368490 125242 100464 APPLICATION IS OPEN TO ALL ARTISTS NOT CURRENTLY MATRICULATED AS STUDENTS. THE SOLE CRITERION FOR ACCEPTANCE IS THE ARTISTIC EXCELLENCE APPARENT IN A WORK SAMPLE SUBMITTED IN THE APPLICATION AND EVALUATED BY PEER PANEL REVIEW. MACDOWELL DEFINES ARTISTIC EXCELLENCE IN A PLURALISTIC AND INCLUSIVE WAY, ENCOURAGING APPLICATIONS FROM THE WIDEST POSSIBLE RANGE OF PERSPECTIVES, CAREER STAGES, AND DEMOGRAPHICS. WHILE IN RESIDENCE, ARTISTS RECEIVE ROOM, BOARD, AND EXCLUSIVE USE OF A STUDIO FOR UP TO SIX WEEKS. ALL ARTISTS ARE ELIGIBLE FOR REIMBURSEMENT OF TRAVEL COSTS ASSOCIATED WITH GETTING TO AND FROM MACDOWELL. FINANCIAL ASSISTANCE AND STIPENDS OF UP TO $2,500 ARE AWARDED BASED ON FINANCIAL NEED. IN 2022, MACDOWELL HOSTED 278 ARTISTS FOR A TOTAL OF 7,356 "ARTIST-DAYS" (THE AVERAGE RESIDENCY BEING 26 DAYS). (SEE SCH. O) A TOTAL OF 87 ARTISTS RECEIVED FINANCIAL AID STIPENDS TOTALING $125,242. EDUCATION AND COMMUNITY BENEFIT PROGRAMS, PUBLICATION, PRESENTATIONS AND OTHER ACTIVITIES HAVE ALLOWED MACDOWELL TO INCREASE UNDERSTANDING AND APPRECIATION OF THE ARTS FOR AN INCLUSIVE PUBLIC AUDIENCE.IN 2021, MACDOWELL CONTINUED ITS THREE-YEAR COLLABORATION (2020-2022) WITH YANCEY CONSULTING, FURTHER DEVELOPING ITS EXPLORATIONS OF DIVERSITY, EQUITY, INCLUSION AND ACCESS THROUGHOUT THE ORGANIZATION BY ENGAGING A MIXTURE OF BOARD AND STAFF FOCUS GROUPS TARGETING PARTICULAR PROGRAM AND ADMINISTRATIVE AREAS, FELLOWS INTERVIEWS AND FURTHER DEVELOPMENT OF VIRTUAL MACDOWELL, AN ARTIST SUPPORT, COMMUNITY AND OUTREACH TOOL. FOUNDED IN 1907, MACDOWELL WAS AWARDED THE NATIONAL MEDAL OF ARTS IN 1997 FOR "NURTURING & INSPIRING MANY OF THE CENTURY'S FINEST ARTISTS". 3368490 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 216 0 1 65 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 47 47 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH NJ NY X X THE ORGANIZATION 6039243886 100 HIGH STREET PETERBOROUGH NH 03458 ROBERT M OLMSTED SECRETARY 5.00 0.00 X X 0 0 0 NELL PAINTER CHAIRMAN 5.00 0.00 X X 0 0 0 CHRISTINE FISHER VICE PRESIDENT 1.00 0.00 X X 0 0 0 ANDREW M SENCHAK PRESIDENT 5.00 0.00 X X 0 0 0 PETER WIRTH TREASURER 5.00 0.00 X X 0 0 0 THOMAS P PUTNAM DIRECTOR (LEFT 4/2021) 1.00 0.00 X 0 0 0 TERRANCE MCKNIGHT DIRECTOR 1.00 0.00 X 0 0 0 PAUL REYES DIRECTOR 1.00 0.00 X 2000 0 0 TANIA LEON DIRECTOR (RETIRED 4/1/22) 1.00 0.00 X 0 0 0 SUSAN DAVENPORT AUSTIN DIRECTOR HONORARY (4/2021) 1.00 0.00 X 0 0 0 SCOTT MANNING DIRECTOR 1.00 0.00 X 0 0 0 SARAH GARLAND-HOCH DIRECTOR 1.00 0.00 X 0 0 0 ROSEMARIE FIORE DIRECTOR 1.00 0.00 X 0 0 0 ROBERT STORR DIRECTOR (LEFT 4/2021) 1.00 0.00 X 0 0 0 ROBERT MACNEIL DIRECTOR (LEFT 4/2020) 1.00 0.00 X 0 0 0 ROBERT M LARSEN DIRECTOR 1.00 0.00 X 0 0 0 PETER CAMERON DIRECTOR 1.00 0.00 X 1500 0 0 NOEL ALLAIN DIRECTOR 1.00 0.00 X 2000 0 0 JULIUS TAPPER DIRECTOR (JOINED 5/1/22) 1.00 0.00 X 0 0 0 PAUL MORAVEC DIRECTOR (LEFT 3/2020) 1.00 0.00 X 0 0 0 OLIVIA PARKER DIRECTOR 1.00 0.00 X 0 0 0 PETER C READ DIRECTOR 1.00 0.00 X 0 0 0 NICHOLAS DAWIDOFF DIRECTOR (HONORARY 5/1/19) 1.00 0.00 X 0 0 0 MONICA LEHNER DIRECTOR 1.00 0.00 X 0 0 0 MOLLIE MILLER DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL CHABON DIRECTOR (HONORARY 5/2019) 1.00 0.00 X 0 0 0 MABEL WILSON DIRECTOR 1.00 0.00 X 0 0 0 LUKE KELLY DIRECTOR (5/22 - 6/22) 1.00 0.00 X 0 0 0 LISA KRON DIRECTOR (RETIRED 5/1/22) 1.00 0.00 X 0 0 0 LEWIS HYDE DIRECTOR 1.00 0.00 X 0 0 0 LAWRENCE HARRIS DIRECTOR 1.00 0.00 X 0 0 0 VIJAY SESHADRI DIRECTOR 1.00 0.00 X 0 0 0 VARTAN GREGORIAN DIRECTOR (DECEASED 2022) 1.00 0.00 X 0 0 0 ALVIN SINGLETON DIRECTOR (LEFT 5/2020) 1.00 0.00 X 0 0 0 JULIE ORRINGER DIRECTOR 1.00 0.00 X 0 0 0 CHARLES F STONE III DIRECTOR 1.00 0.00 X 0 0 0 ELIZABETH F GAUDREAU DIRECTOR 1.00 0.00 X 0 0 0 EDMEE DE M FIRTH DIRECTOR (DECEASED 3/2021) 1.00 0.00 X 0 0 0 ELEANOR BRIGGS DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM B BEEKMAN DIRECTOR 1.00 0.00 X 0 0 0 DAVID BAUM DIRECTOR 1.00 0.00 X 0 0 0 GERALD GARTNER DIRECTOR 1.00 0.00 X 0 0 0 ILEANA PEREZ VELAZQUEZ DIRECTOR 1.00 0.00 X 2000 0 0 JAMIE TROWBRIDGE DIRECTOR 1.00 0.00 X 0 0 0 JEANNIE SUK GERSEN DIRECTOR (JOINED 5/1/22) 1.00 0.00 X 0 0 0 JOHN A HARGRAVES DIRECTOR (HONORARY 5/1/21) 1.00 0.00 X 0 0 0 JOSH SIEGEL DIRECTOR 1.00 0.00 X 0 0 0 EMILY NOELLE LAMBERT DIRECTOR (JOINED 5/1/22) 1.00 0.00 X 0 0 0 DARRELL HARVEY DIRECTOR 1.00 0.00 X 0 0 0 KATIE FIRTH DIRECTOR (JOINED 5/1/22) 1.00 0.00 X 0 0 0 DAN HURLIN DIRECTOR 1.00 0.00 X 250 0 0 JULIA SOLOMONOFF DIRECTOR 1.00 0.00 X 0 0 0 CATHERINE INGRAHAM DIRECTOR 1.00 0.00 X 2000 0 0 CAROL KRINSKY DIRECTOR 1.00 0.00 X 0 0 0 CARLOS MURILLO DIRECTOR 1.00 0.00 X 0 0 0 BARBARA K BRISTOL DIRECTOR (HONORARY 5/2019) 1.00 0.00 X 0 0 0 BARBARA CASE SENCHAK DIRECTOR 1.00 0.00 X 0 0 0 ARTHUR SIMMS DIRECTOR 1.00 0.00 X 0 0 0 ANNE STARK LOCHER DIRECTOR 1.00 0.00 X 0 0 0 AMY DAVIDSON SORKIN DIRECTOR 1.00 0.00 X 0 0 0 AMELIA DUNLOP DIRECTOR 1.00 0.00 X 0 0 0 JULIA JACQUETTE DIRECTOR 1.00 0.00 X 0 0 0 ADELE GRIFFIN DIRECTOR (RETIRED 4/1/22) 1.00 0.00 X 0 0 0 DAVID MACY RESIDENT DIRECTOR 40.00 0.00 X 175496 0 40285 PHILIP HIMBERG EXECUTIVE DIRECTOR 40.00 0.00 X 275535 0 51963 ANDREW ZIMMERMAN FINANCE DIRECTOR 40.00 0.00 X 100078 0 18045 STACEY BOSWORTH VP OF ADVANCEMENT 40.00 0.00 X 164604 0 30391 725463 0 140684 4 0 1 0 FIDELITY BROKERAGE SERVICES LLC 900 SALEM STREET SMITHFIELD RI 02917 INVESTMENT MANAGEMENT 129762 1 536645 15000 1667375 401486 2219020 APPLICATION FEES 721310 100464 100464 100464 889529 889529 67398 42033 25365 9008703 6127801 2880902 2880902 2880902 229779 536645 338727 -108948 -108948 SOLAR ENERGY SURPLUS INCOME 900099 37754 37754 MISCELLANEOUS INCOME 900099 9432 9432 47186 6095551 100464 42033 3734034 125242 125242 866148 290711 271255 304182 1868829 1178513 398689 291627 152938 92984 38667 21287 323943 171069 79455 73419 190669 105697 46572 38400 14886 14886 23125 23125 129762 129762 199583 31014 155339 13230 73251 10749 53597 8905 93154 31976 39716 21462 262554 224371 27848 10335 152761 143496 7512 1753 15034 3478 10580 976 94581 14187 56749 23645 584925 403782 133514 47629 105080 81649 19962 3469 FOOD 144603 144603 PANELIST HONORARIUMS 136350 136350 EQUIPMENT & FURNISHINGS 57801 50732 4138 2931 EVENT CATERING & VENUE 3679 3170 509 194461 127887 39685 26889 5813359 3368490 1554221 890648 1450977 684623 168934 65492 111500 113900 17342 22924 120229 123689 18947468 9099645 9872703 9847823 45105660 36881462 479286 479286 57326631 48219199 355422 283596 2203196 2132243 31565 20465 2590183 2436304 X 23110976 18888400 31625472 26894495 54736448 45782895 57326631 48219199 282192 -9235745 0 X X 0 1 X 1 0 X 2450283 5992168 2517039 2857164 2219020 16035674 2450283 5992168 2517039 2857164 2219020 16035674 2374013 13661661 976480 1108986 878663 938043 956927 4859099 24610 27552 12194 39086 47186 150628 21045401 270145 0.64920 0.64400 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2018 AMOUNT: $ 24,610. 2019 AMOUNT: $ 27,552. 2020 AMOUNT: $ 12,194. 2021 AMOUNT: $ 39,086. 2022 AMOUNT: $ 47,186. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 478000 X X 1 0 0 45105660 33577 -3527923 13403664 28207650 41058023 179651 7163153 78750 3089248 127169 45105660 40034359 333273 2466388 68800 1604403 102794 41058023 31743159 2943645 8366876 118366 2803832 97123 40034359 34850817 368344 -1430940 113183 1842500 89379 31743159 0.07419 0.52516 0.40065 0 0 104996 104996 16436772 7380343 9056429 796880 404834 392046 1608820 1314468 294352 9847823 REFUNDABLE ADVANCE 20465 20465 X -3140768 -9235745 20240 108948 -9106557 5965789 129762 129762 6095551 5812785 20240 108948 129188 5683597 129762 129762 5813359 PART III, LINE 4: MACDOWELL'S WORKS OF ART ARE UTILIZED FOR ITS CULTURAL AND EDUCATIONAL PURPOSES AND ARE ON DISPLAY IN MACDOWELL'S LIBRARY. PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT CONSISTS OF VARIOUS INDIVIDUAL FUNDS, BOTH DONOR-RESTRICTED AND BOARD DESIGNATED, ESTABLISHED TO SUPPORT A VARIETY OF PURPOSES, INCLUDING: FELLOWSHIPS, ARTIST STIPENDS, FELLOWS' TRAVEL, BALDWIN LIBRARY OPERATIONS, AND STUDIO AND BUILDING MAINTENANCE. THE ENDOWMENT ALSO INCLUDES UNRESTRICTED FUNDS WHICH SUPPORT MACDOWELL'S GENERAL OPERATIONS. PART X, LINE 2: THE ORGANIZATION HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN IRC SECTION 501(C)(3), QUALIFIES FOR CHARITABLE CONTRIBUTION DEDUCTIONS, AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION. THE ORGANIZATION IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE ORGANIZATION IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSE. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 108,948. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 108,948. NATIONAL BENEFIT 639956 478898 161058 132804 24098 80521 MEDAL DAY 77668 19509 58159 4289 2275 79170 1 48800 38238 10562 2763 1250 11557 766424 536645 229779 132804 7052 27623 171248 338727 -108948 1 FINANCIAL AID 87 125242 PART I, LINE 2: ARTISTS ACCEPTED FOR A RESIDENCY APPLYING FOR FINANCIAL AID ARE ASKED TO SUPPLY THE FIRST TWO PAGES OF THEIR MOST RECENT INCOME TAX RETURN WITH A BREIF EXPLANATIONS OF NEED. AWARDS ARE BASED ON FINANCIAL NEED. GRANTS ARE LIMITED TO NOT MORE THAN $2,500 PER PERSON. THE AMOUNT AWARDED IS AT THE DISCRETION OF THE MACDOWELL GRANT COMMITTEE, MADE UP OF STAFF AND BOARD MEMBERS. THE AWARD RECEIPIENTS MUST INCLUDE THE AWARD AMOUNT IN THEIR TAXABLE INCOME IN THE YEAR OF RECEIPT. 1 X X X X 0 0 0 0 0 0 0 0 0 PHILIP HIMBERG EXECUTIVE DIRECTOR 255535 0 20000 0 0 0 27554 0 24409 0 327498 0 0 0 DAVID MACY RESIDENT DIRECTOR 175496 0 0 0 0 0 17835 0 22450 0 215781 0 0 0 STACEY BOSWORTH VP OF ADVANCEMENT 164604 0 0 0 0 0 16461 0 13930 0 194995 0 0 0 PART I, LINE 3 COMPENSATION SURVEYS AND FORM 990 OF OTHER ORGANIZATIONS ARE USED TO DETERMINE EXECUTIVE COMPENSATION. ANNUALLY THE BOARD PRESIDENT REVIEWS THE EXECUTIVE DIRECTOR'S PERFORMANCE AND COMPENSATION. THE EXECUTIVE COMMITTEE APPROVES COMPENSATION AMOUNTS SET BY THE BOARD PRESIDENT OR COMPENSATION COMMITTEE, AND A WRITTEN REVIEW LETTER AND LETTER OF SALARY INCREASES IS MAINTAINED IN ALL EMPLOYEE PERSONNEL FILES. IN 2021, THE ORGANIZATION ENGAGED AN INDEPENDENT COMPENSATION CONSULTANT TO PROVIDE COMPARABILITY ANALYSIS FOR STAFF POSITIONS TO THE COMPENSATION AND EXECUTIVE STAFF COMMITTEES. X 8 401486 FMV AT DATE OF GIFT 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLMN (B) IS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 2 BOARD OF DIRECTOR MEMBERS ANDREW SENCHAK AND BARBARA CASE SENCHAK ARE RELATED. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FORM 990 IS REVIEWED BY THE PRESIDENT, TREASURER, AND EXECUTIVE STAFF, AND THEN CIRCULATED TO THE BOARD VIA EMAIL OR WEB PORTAL BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL BOARD MEMBERS. FINANCIAL TRANSACTIONS BETWEEN MACDOWELL AND BOARD MEMBERS ARE APPROVED BY BOARD VOTE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION SURVEYS AND FORM 990 OF OTHER ORGANIZATIONS ARE USED TO DETERMINE EXECUTIVE COMPENSATION. ANNUALLY THE BOARD PRESIDENT REVIEWS THE EXECUTIVE DIRECTOR'S PERFORMANCE AND COMPENSATION. THE EXECUTIVE COMMITTEE APPROVES COMPENSATION AMOUNTS SET BY THE BOARD PRESIDENT OR COMPENSATION COMMITTEE, AND A WRITTEN REVIEW LETTER AND LETTER OF SALARY INCREASES IS MAINTAINED IN ALL EMPLOYEE PERSONNEL FILES. IN 2021, THE ORGANIZATION ENGAGED AN INDEPENDENT COMPENSATION CONSULTANT TO PROVIDE COMPARABILITY ANALYSIS FOR STAFF POSITIONS TO THE COMPENSATION AND EXECUTIVE STAFF COMMITTEES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. NEW HIGH STREET LLC 100 HIGH STREET PETERBOROUGH NH 03458 454279546 REAL ESTATE NH 42033 382983 MARIAN AND EDWARD MACDOWELL INC