2019-08-01T15:32:43-05:00 2018-12-31 161375790 DEJOY KNAUF & BLOOD LLP 280 EAST BROAD STREET SUITE 300 ROCHESTER NY 14604 990 2018-01-01 160743991 GEORGE EASTMAN MUSEUM GEOR 5853274800 900 EAST AVE ROCHESTER NY 146072219 JACQUELINE DISTEFANO VP, FINANCE AND OPERATIONS 5853274800 2019-07-23 1 TIMOTHY P THANEY CPA P01231250 5855461840 2019-07-23 104.153.30.98 2019-07-23 11:26:53 ED P 4CB431E8F6625E13B204499A327EAE90C83C52D7 6B57CD055CDFF924370DD73517B8FC6149E71AEB 2018 2019-02-21 02:37:17Z JACQUELINE DISTEFANO 900 EAST AVE ROCHESTER NY 146072219 10171507 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 24 137 170 0 0 4759277 6249114 1544294 1659637 2292073 1646580 234689 281331 8830333 9836662 0 0 0 0 5165150 5127455 0 0 741661 4314226 4325635 9479376 9453090 -649043 383572 46730749 43387052 894168 1012801 45836581 42374251 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 2301141 1064440 MUSEUM OPERATING ACTIVITIES AND FUNCTIONS: NEARLY 120,000 PEOPLE VISITED GEORGE EASTMAN MUSEUM IN 2018, EXPERIENCING PHOTOGRAPH EXHIBITIONS, DOCENT-LED TOURS OF THE HISTORIC HOUSE AND GARDENS, FILM SCREENINGS, A DISCOVERY ROOM FOR INTERACTIVE LEARNING, AND THE MUSEUM STORE AND CAFE. AN ESTIMATED 250,000 VISITED EASTMAN MUSEUM EXHIBITIONS AND PROGRAMS THROUGH OUR TRAVELING EXHIBITION AND OBJECT LOAN ACTIVITIES. ONLINE, MORE THAN 271,000 PEOPLE VISITED THE MUSEUM'S ONLINE COLLECTIONS AND WEBSITE; THERE WERE 405,000 VIEWS AND LISTENERS OF OUR AUDIO AND VIDEO MATERIALS. EDUCATION PROGRAMS AT THE MUSEUM INCLUDE THE L. JEFFERY SELZNICK SCHOOL OF FILM PRESERVATION, AND THE PHOTOGRAPH PRESERVATION AND COLLECTIONS MANAGEMENT MASTER'S DEGREE PROGRAM. 4919253 781482 COLLECTIONS, PRESERVATION AND EXHIBITIONS: THE MUSEUM IS HOME TO THE WORLD'S MOST SIGNIFICANT COLLECTION OF PHOTOGRAPHS AND RELATED TECHNOLOGICAL EQUIPMENT AND LIBRARY HOLDINGS, AS WELL AS THE GEORGE EASTMAN LEGACY PHOTOGRAPHY COLLECTIONS. IN 2018, THE MUSEUM ACQUIRED NEARLY 3,000 OBJECTS, INSTALLED TWELVE 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. 7220394 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 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 42 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 TRUSTEE 1.00 X 0 0 0 PATRICK MONTGOMERY VICE CHAIR 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 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 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 1.00 X 0 0 0 JONATHAN SCHROEDER TRUSTEE 1.00 X 0 0 0 BRUCE BARNES DIRECTOR 60.00 X X 178060 0 19897 HC DIGBY CLEMENTS TRUSTEE 1.00 X 0 0 0 MICHAEL J COONEY ESQ TRUSTEE 1.00 X 0 0 0 KENNETH AFREDERICK TRUSTEE 1.00 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 THOMAS COMBS VP - FINANCE AND OPS RETIRED 12.00 X 18922 0 0 JACQUELINE DISTEFANO VP - FINANCE AND OPS 37.50 X 58588 0 2929 PAOLO CHERCHI USAI SENIOR CURATOR MOVING IMAG 37.50 X 125244 0 6242 LISA SEISCHAB VP STRATEGIC ADVANCEMENT 37.50 X 141628 0 12724 LISA HOSTETLER CURATOR - DEPT. OF PHOTOGR 37.50 X 107100 0 16015 629542 0 57807 4 0 1 0 POSTLER & JAECKLE 615 SOUTH AVE ROCHESTER NY 146201385 HVAC/SYSTEMS MAINTENANCE/CONSTRUCTION SE 415244 FRANK MARIANACCI 6905 ROUTES 5 20 BLOOMFIELD NY 14469 CONSTRUCTION SERVICES 188717 FLYNN BATTAGLIA ARCHITECTS PC 617 MAIN STREET SUITE 401 BUFFALO NY 142031400 ARCHITECTURE SERVICES 131751 SECURITAS 1080 UNIVERSITY AVE ROCHESTER NY 14607 SECURITY SERVICES 119309 4 197703 6051411 6249114 ADMISSIONS 713990 636454 636454 LOANS, RENTALS, ROYALTIES 713990 589095 589095 CONTRACTED EDUCATION 900099 241701 241701 WORKSHOPS 713990 100155 100155 FILM LAB FEES 713990 76650 76650 15582 15582 1659637 554010 554010 1092570 0 1092570 1092570 1092570 202476 107430 95046 95046 406718 227415 179303 179303 MISCELLANEOUS 900099 6982 6982 6982 9836662 1845922 0 1741626 178060 89030 89030 3908756 3016433 550678 341645 179254 126782 30629 21843 540938 382591 92430 65917 320447 226643 54755 39049 16140 700 15440 20600 20600 119116 96771 22345 110159 41560 68599 344378 297576 46802 155500 152266 3234 190062 108722 63122 18218 22558 22558 949370 949370 49852 49852 CONTRACTED SERVICES 1039640 862449 152973 24218 UTILITIES 382085 382085 LEASE PAYMENT 195641 195641 SPECIAL EVENTS 130015 13667 3200 113148 600519 469552 105608 25359 9453090 7220394 1491035 741661 1875 1925 2031163 2932806 1901167 2333316 43681 33986 73038 30015 2003 53203 31665693 25319534 6445000 6346159 28617096 24289932 7185401 6908063 430325 457647 46730749 43387052 733495 918077 160673 94724 894168 1012801 X -1003714 7083186 4225694 0 42614601 35291083 45836581 42374251 46730749 43387052 X 383572 -3997549 230052 -78405 X 0 1 X 1 0 X 4409555 4772574 5114072 4759277 6239114 25294592 4409555 4772574 5114072 4759277 6239114 25294592 25294592 776391 667094 583961 583961 554010 3165417 28460009 28501765 0.88880 0.87470 X X X X X 0 42190778 506607 -2156357 -9343033 31197995 39441967 1122094 5159801 -3533084 42190778 37788743 1166600 1926905 -1440281 39441967 36804716 1071913 -202319 114433 37788743 36949706 77506 2363078 -2585574 36804716 1.00000 0 0 211300 211300 23463472 19245845 4217627 7404707 6073689 1331018 586214 586214 6346159 HEDGE FUND, PRIVATE EQUITY & BOND FUND 5952913 F REAL ESTATE INVESTMENTS 955150 F 6908063 X 6404010 -3997549 -3997549 10401559 -230052 -334845 -564897 9836662 9680505 0 9680505 -227415 -227415 9453090 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 X, LINE 2: THE MUSEUM IS AN EXEMPT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501 C 3 AND HAS BEEN CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION. MANAGEMENT HAS DETERMINED THAT THE MUSEUM HAS NO UNCERTAIN TAX POSITIONS, INCLUDING THE TAX STATUS OF THE MUSEUM AS OF DECEMBER 31, 2018. PART XI, LINE 4B - OTHER ADJUSTMENTS: MUSEUM STORE & CAFE COST OF GOODS SOLD -227,415. SPECIAL EVENTS -107,430. PART XII, LINE 4B - OTHER ADJUSTMENTS: MUSEUM STORE & CAFE COST OF GOODS SOLD -227,415. OSCAR EVENT 97039 97039 25131 NITRATE PICTURE SHOW 74003 74003 40278 2 31434 31434 42021 202476 202476 107430 107430 95046 X X 1 1 X X 0 0 0 0 0 0 0 0 0 BRUCE BARNES DIRECTOR 178060 0 0 0 0 0 0 0 19897 0 197957 0 0 0 LISA SEISCHAB VP STRATEGIC ADVANCEMENT 141628 0 0 0 0 0 0 0 12724 0 154352 0 0 0 X 2985 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, 2018. 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 -185,835. SPECIAL EVENTS 107,430. PART X, LINES 11 AND 12 AND SCHEDULE D PART V, LINE 5 IN ACCORDANCE WITH THE ADOPTION OF ASU 2016-14, NOT-FOR-PROFIT ENTITIES (TOPIC 958): PRESENTATION OF FINANCIAL STATEMENTS FOR NOT-FOR-PROFIT ENTITIES, THE CUMULATIVE DEFICIENCY OF THE ENDOWMENT FUNDS OF $7,646,445 HAS BEEN RECLASSIFIED TO NET ASSETS WITH DONOR RESTRICTIONS THROUGH DECEMBER 31, 2017. THE COMBINATION OF WITHDRAWALS AND UNFAVORABLE MARKET CONDITIONS HAVE CONTRIBUTED TO A FURTHER DEFICIENCY OF $3,527,751 IN THESE ENDOWMENT FUNDS FOR THE YEAR ENDED DECEMBER 31, 2018. AS A RESULT, THE TOTAL DEFICIENCY OF $11,174,196 HAS BEEN REPORTED AS A REDUCTION TO THE DONOR RESTRICTED (PERMANENTLY RESTRICTED) ENDOWMENT FUND. FURTHER, ACCUMULATED APPRECIATION OF $1,258,164 THROUGH 12/31/17 ON PURPOSE RESTRICTED ENDOWMENT FUNDS (TEMPORARILY RESTRICTED) IS INCLUDED WITHIN COLUMN (A), LINE 12, PART V ON SCHEDULE D. NET ASSETS AS REPORTED ON PART X, LINE 27 TO LINE 29, HAVE BEEN UPDATED TO REFLECT THESE RECLASSIFICATIONS.