2020-11-13T14:36:37-06:00 2019-12-31 161375790 DEJOY KNAUF & BLOOD LLP 280 EAST BROAD STREET SUITE 300 ROCHESTER NY 14604 990 2019-01-01 160743991 GEORGE EASTMAN MUSEUM GEOR 5853274800 900 EAST AVE ROCHESTER NY 146072219 JACQUELINE DISTEFANO VP, FINANCE AND OPERATIONS 5853274800 2020-11-12 1 TIMOTHY P THANEY CPA P01231250 5855461840 2020-11-12 104.153.30.98 2020-11-12 10:40:55 ES P 20C8E582FE3E54B0B8267D59A0D34F2124C31A5E 6B57CD055CDFF924370DD73517B8FC6149E71AEB 2019 2021-01-29 14:40:06Z JACQUELINE DISTEFANO 900 EAST AVE ROCHESTER NY 146072219 10379632 0 X WWW.EASTMAN.ORG X 1947 NY FOUNDED IN 1947, THE GEORGE EASTMAN MUSEUM IS THE WORLD'S OLDEST PHOTOGRAPHY MUSEUM, IS HOME TO ONE OF THE MOST SIGNIFICANT FILM ARCHIVES IN THE UNITED STATES, LOCATED ON THE HISTORIC ROCHESTER ESTATE OF ENTREPRENEUR AND PHILANTHORPIST GEORGE EASTMAN, THE PIONEER OF POPULAR PHOTOGRAPHY AND A LEADER IN THE DEVELOPMENT OF MOTION PICUTRE FILM. ITS HOLDINGS COMPRISE OF MORE THAN 400,000 PHOTOGRAPHS; 28,000 MOTION PICTURE FILMS; THE WORLD'S PREEMINENT COLLECTION OF PHOTOGRAPHIC AND CINEMATOGRAPHIC TECHNOLOGY; ONE OF THE LEADING LIBRARIES OF BOOKS RELATED TO PHOTOGRAPHY AND CINEMA; AND EXTENSIVE HOLDINGS OF DOCUMENTS AND OTHER OBJECTS RELATED TO GEORGE EASTMAN. AS A RESEARCH AND TEACHING INSTITUTION, THE MUSEUM HAS AN ACTIVE PUBLISHING PROGRAM AND MAKES CRITICAL CONTRIBUTIONS IN THE FIELDS OF FILM PRESERVATION AND PHOTOGRAPHIC CONSERVATION. 25 24 137 208 0 0 6249114 5335713 1659637 1842410 1646580 2399105 281331 513169 9836662 10090397 0 0 0 0 5127455 5144245 0 0 850839 4325635 4077464 9453090 9221709 383572 868688 43387052 48373408 1012801 1165851 42374251 47207557 X THE MISSION OF THE GEORGE EASTMAN MUSEUM, AS AN EDUCATIONAL INSTITUTION, HAS THREE INTERRELATED GOALS: -PROVIDE LEADERSHIP IN THE FIELDS OF PHOTOGRAPHY AND CINEMA;-PRESERVE AND DEVELOP OUR WORLD CLASS COLLECTIONS OF PHOTOGRAPHY AND CINEMA, AS WELL AS GEORGE EASTMAN'S ESTATE, A NATIONAL HISTORIC LANDMARK; AND-SERVE OUR COMMUNITIES, IN GREATER ROCHESTER AND ELSEWHERE 0 0 1907016 1052951 MUSEUM OPERATING ACTIVITIES AND FUNCTIONS: NEARLY 150,000 PEOPLE VISITED GEORGE EASTMAN MUSEUM IN 2019, EXPERIENCING PHOTOGRAPH EXHIBITIONS, DOCENT-LED, SELF-GUIDED AND MOBILE TOURS OF THE HISTORIC HOUSE AND GARDENS, FILM SCREENINGS, A DISCOVERY ROOM FOR INTERACTIVE LEARNING, AND THE MUSEUM STORE AND CAFE. ONLINE, MORE THAN 280,000 PEOPLE VISITED THE MUSEUM'S ONLINE COLLECTIONS AND WEBSITE; THERE WERE 415,000 VIEWS AND LISTENERS OF OUR AUDIO AND VIDEO MATERIALS. THE MUSEUM'S EDUCATION PROGRAMS INCLUDE THE L. JEFFERY SELZNICK SCHOOL OF FILM PRSERVATION. 5391830 974477 COLLECTIONS, PRESERVATION AND EXHIBITIONS: THE MUSEUM IS HOME TO THE WORLD'S MOST SIGNIFICANT COLLECTION OF PHOTOGRAPHS, CINEMA, AND RELATED TECHNOLOGICAL EQUIPMENT AND LIBRARY HOLDINGS, AS WELL AS THE GEORGE EASTMAN LEGACY PHOTOGRAPHY COLLECTIONS. IN 2019, THE MUSEUM ACQUIRED NEARLY 550 OBJECTS, INSTALLED SEVEN EXHIBITIONS ONSITE, AND LENT COLLECTION OBJECTS TO NUMEROUS MUSEUMS AROUND THE WORLD. IN ADDITION THE MUSEUM IS ONE OF THE LEADING MOTION PICTURE ARCHIVES IN THE WORLD, HOME TO MORE THAN 28,000 FILM TITLES, 3 MILLION OBJECTS OF MOTION PICTURE EPHEMERA, A FILM SCREENING PROGRAM, AND ACTIVE PRESERVATION PROGRAM. THE MUSEUM RUNS AN ACTIVE BOOK PUBLISHING PROGRAM FOCUSED ON CATALOGS OF EXHIBITIONS ORGANIZED BY THE MUSEUM AND SUBJECTS RELATED TO THE MUSEUM'S COLLECTIONS. IN 2019, THE MUSEUM PUBLISHED TWO BOOKS. 7298846 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 0 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 34 0 1 137 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 25 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X JACQUELINE DISTEFANO 5853274984 900 EAST AVE ROCHESTER NY 14607 STEVEN L SCHWARTZ VICE CHAIR (AS OF JULY 2019) 2.00 X X 0 0 0 PATRICK MONTGOMERY VICE CHAIR (THROUGH JULY 2019) 2.00 X X 0 0 0 KEVIN GAVAGAN CHAIR 10.00 X X 0 0 0 DR PATRICIA Y JONES BLESSMAN TRUSTEE 1.00 X 0 0 0 RONALD H FIELDING TRUSTEE EMERITUS (AS OF JULY 2019) 1.00 X 0 0 0 ANDY SONG TRUSTEE 1.00 X 0 0 0 DAVID C MUNSON JR TRUSTEE 1.00 X 0 0 0 DAVID KLEIN TRUSTEE 1.00 X 0 0 0 SUSAN S ROBFOGEL TRUSTEE 1.00 X 0 0 0 DANIEL M MEYERS SECRETARY (THROUGH AUGUST 2019) 2.00 X X 0 0 0 LINDA BUTTRILL TRUSTEE 1.00 X 0 0 0 LISA ROLAND TRUSTEE 1.00 X 0 0 0 CHRISTINE B WHITMAN TREASURER 2.00 X X 0 0 0 KAREN WERTH TRUSTEE (THROUGH JULY 2019) 1.00 X 0 0 0 JONATHAN SCHROEDER TRUSTEE (THROUGH JULY 2019) 1.00 X 0 0 0 BRUCE BARNES DIRECTOR 60.00 X X 217235 0 22696 ANN BURR TRUSTEE 1.00 X 0 0 0 HC DIGBY CLEMENTS TRUSTEE 1.00 X 0 0 0 MICHAEL J COONEY ESQ TRUSTEE 1.00 X 0 0 0 KENNETH AFREDERICK SECRETARY (AS OF AUGUST 2019) 2.00 X X 0 0 0 KEVIN GLAZER VICE CHAIR 2.00 X X 0 0 0 TERRY TABER TRUSTEE 1.00 X 0 0 0 JEFFREY A KORCHECK TRUSTEE 1.00 X 0 0 0 STEVEN J SASSON TRUSTEE 1.00 X 0 0 0 JACK GARNER TRUSTEE 1.00 X 0 0 0 CELESTE KIER TRUSTEE 1.00 X 0 0 0 NANNETTE NOCON TRUSTEE 1.00 X 0 0 0 NICHOLAS PERLET TRUSTEE 1.00 X 0 0 0 DEBORAH WILSON TRUSTEE 1.00 X 0 0 0 SHARI CLEMENT TRUSTEE EX-OFFICIO 1.00 X 0 0 0 JACQUELINE DISTEFANO VP - FINANCE AND OPS 37.50 X 131789 0 7435 LISA SEISCHAB VP - DEVELOPMENT 37.50 X 145546 0 13020 LISA HOSTETLER CURATOR IN-CHARGE - DEPT. OF PHOTOGR 37.50 X 109160 0 16342 603730 0 59493 4 0 1 0 POSTLER & JAECKLE 615 SOUTH AVE ROCHESTER NY 146201385 HVAC/SYSTEMS MAINTENANCE/CONSTRUCTION SE 1258483 THE PIKE COMPANY ONE CIRCLE STREET RCHESTER NY 146071007 CONTRACTING 527143 ELMER DAVIS 1217 CLIFFORD AVE ROCHESTER NY 146210562 ROOFING 124910 SECURITAS 1080 UNIVERSITY AVE ROCHESTER NY 14607 SECURITY SERVICES 105613 4 382139 4953574 5335713 LOANS, RENTALS, ROYALTIES 713990 674046 674046 ADMISSIONS 713990 627160 627160 CONTRACTED EDUCATION 900099 240773 240773 FILM LAB FEES 713990 174050 174050 WORKSHOPS 713990 96273 96273 30108 30108 1842410 939867 939867 1459238 0 1459238 1459238 1459238 443494 115343 328151 328151 353889 173892 179997 179997 MISCELLANEOUS 900099 5021 5021 5021 10090397 2027428 0 2727256 349025 240407 108618 3885098 3205615 221409 458074 167791 127033 18301 22457 445378 337192 48577 59609 296953 224820 32389 39744 27732 27732 22400 22400 97301 97301 179585 154666 24919 98073 95678 2395 309216 277954 21003 10259 140239 107765 26761 5713 69117 69117 745329 745329 159055 117895 17899 23261 CONTRACTED SERVICES 959066 840117 83835 35114 UTILITIES 477572 459811 17761 LEASE PAYMENT 231587 213741 17846 SPECIAL EVENTS 130537 80321 4350 45866 430655 310909 77622 42124 9221709 7298846 1072024 850839 1925 2000 2932806 3626381 2333316 2367840 33986 70793 30015 20925 53203 46008 33684414 26064863 6346159 7619551 24289932 27671856 6908063 6898391 457647 49663 43387052 48373408 918077 847446 94724 318405 1012801 1165851 X 7083186 7226189 35291083 39981368 42374251 47207557 43387052 48373408 X 868688 3990797 -26179 X 0 1 X 1 0 X 4772574 5114072 4759277 6239114 5335713 26220750 4772574 5114072 4759277 6239114 5335713 26220750 26220750 667094 583961 583961 554010 939867 3328893 29549643 29591399 0.88730 0.88880 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 31197995 9500 6229174 -2866422 34570247 42190778 506607 -2156357 -9343033 31197995 39441967 1122094 5159801 -3533084 42190778 37788743 1166600 1926905 -1440281 39441967 36804716 1071913 -202319 114433 37788743 1.00000 0 0 211300 211300 24740585 19947275 4793310 7587638 6117588 1470050 1144891 1144891 7619551 HEDGE FUND, PRIVATE EQUITY & BOND FUND 5954347 F REAL ESTATE INVESTMENTS 944044 F 6898391 14273128 3990797 3990797 10282331 97301 -289235 -191934 10090397 9298300 0 9298300 97301 -173892 -76591 9221709 PART III, LINE 1A: MUSEUM COLLECTIONS - THE MUSEUM'S COLLECTIONS, ACQUIRED THROUGH PURCHASE AND DONATION, ARE NOT RECOGNIZED AS ASSETS IN THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION. CONTRIBUTIONS RESTRICTED BY DONORS FOR THE PURCHASE OF ITEMS FOR THE COLLECTIONS ARE CLASSIFIED AS WITH DONOR RESTRICTIONS UNTIL ACQUISITIONS ARE MADE IN ACCORDANCE WITH THE TERMS OF THE GIFTS. PURCHASES OF COLLECTION ITEMS ARE RECORDED IN THE YEAR IN WHICH THE ITEMS WERE ACQUIRED AS DECREASES IN NET ASSETS WITH DONOR RESTRICTIONS, AND REPORTED AS COLLECTION ACQUISITIONS NOT CAPITALIZED WITHIN THE STATEMENT OF ACTIVITIES AND CHANGE IN NET ASSETS. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES REQUIRE NOT-FOR-PROFIT ORGANIZATIONS TO RECOGNIZE THE COST OF DEPRECIATING TANGIBLE ASSETS. HOWEVER, CERTAIN WORKS OF ART AND HISTORICAL TREASURES NEED NOT BE DEPRECIATED IF THEIR CULTURAL, AESTHETIC AND HISTORICAL VALUE EXTENDS OVER EXTRAORDINARILY LONG PERIODS. IN ACCORDANCE WITH THIS GUIDANCE, THE MUSEUM RECOGNIZES DEPRECIATION ON ALL TANGIBLE ASSETS, WITH THE EXCEPTION OF THE ORIGINAL BUILDINGS AND FURNISHINGS AND THE REMAINING ITEMS COMPRISING THE COLLECTIONS, ALL OF WHICH ARE DEFINED AS HISTORICAL TREASURES. THE MUSEUM CARRIES INSURANCE OF $20,000,000 AGAINST LOSSES ON THE COLLECTIONS, WHICH MANAGEMENT BELIEVES ARE IRREPLACEABLE. PART III, LINE 4: COLLECTIONS AND EXHIBITIONS: THE MUSEUM IS HOME TO THE WORLD'S MOST SIGNIFICANT COLLECTION OF PHOTOGRAPHS, MOTION PICTURES AND RELATED TECHNOLOGICAL EQUIPMENT AND LIBRARY HOLDINGS, AS WELL AS THE GEORGE EASTMAN LEGACY COLLECTIONS. PART V, LINE 4: ENDOWMENT FUNDS ARE USED TO SUPPORT A VARIETY OF ACTIVITIES OF THE GEORGE EASTMAN MUSEUM BASED ON THE DONOR'S REQUEST. PART XI, LINE 4B - OTHER ADJUSTMENTS: MUSEUM STORE & CAFE COST OF GOODS SOLD -173,892. SPECIAL EVENTS -115,343. PART XII, LINE 4B - OTHER ADJUSTMENTS: MUSEUM STORE & CAFE COST OF GOODS SOLD -173,892. EASTMAN AWARD 343231 343231 39751 NITRATE PICTURE SHOW 71840 71840 45544 2 28423 28423 30048 443494 443494 115343 115343 328151 1 X X 0 0 0 0 0 0 0 0 0 BRUCE BARNES DIRECTOR 217235 0 0 0 0 0 11215 0 11481 0 239931 0 0 0 LISA SEISCHAB VP - DEVELOPMENT 145546 0 0 0 0 0 7284 0 5736 0 158566 0 0 0 X 456 0 COLLECTIONS X - NOT RECORDED FOR X FINANCIAL STATEMENT X PURPOSES 0 0 0 PART I, LINE 33: ITEMS DONATED TO THE COLLECTION ARE NOT RECORDED AS REVENUE BECAUSE THE VALUATION OF THE COLLECTION IS NOT REFLECTED ON THE BALANCE SHEET AS DESCRIBED ON SCHEDULE D - PART XIV. LINE 1B IN PART I REFLECTS TOTAL NUMBER OF ITEMS RECEIVED INTO THE COLLECTION FOR THE YEAR ENDED DECEMBER 31, 2019. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY KEY MEMBERS OF THE AUDIT AND FINANCE COMMITTEES. COPIES OF THE FORM 990 ARE MADE AVAILABLE TO BOARD MEMBERS PRIOR TO FILING THE FORM. FORM 990, PART VI, SECTION B, LINE 12C THE MUSEUM'S PRACTICE IS FOR THE SECRETARY OF THE BOARD TO REVIEW THE CONFLICT OF INTEREST STATEMENTS ON AN ANNUAL BASIS PRIOR TO ANY COMMITTMENTS. FORM 990, PART VI, SECTION B, LINE 15 HUMAN RESOURCE COMMITTEE MEMBERS EVALUATE THE COMPENSATION OF THE EXECUTIVE DIRECTOR ON AN ANNUAL BASIS. A COMMITTEE DESIGNATED BY THE BOARD OF TRUSTEES REVIEWS THE BASIS FOR DETERMINING THE COMPENSATION OF THOSE INDIVIDUALS THAT REPORT DIRECTLY TO THE EXECUTIVE DIRECTOR. THIS REVIEW CONSIDERS THE COMPARABILITY OF COMPENSATION PAID FOR SIMILAR POSITIONS IN LIKE CIRCUMSTANCES IN SIMILIAR INSTITUTIONS. FORM 990, PART VI, SECTION C, LINE 19 ORGANIZATIONAL DOCUMENTS ARE AVAILABLE UPON REQUEST TO THE VP OF FINANCE AND OPERATIONS. FORM 990, PART XI, LINE 9: COLLECTION ITEMS NOT CAPITALIZED -141,522. SPECIAL EVENTS 115,343.