2018-05-15T07:36:51-07:00 2017-06-30 990 2016-07-01 131624012 The Frick Collection FRIC 2122880700 1 East 70th Street New York NY 10021 Michael J Paccione CFO & Asst Treasurer 2018-05-15 2016 2022-09-23 18:48:47Z Ian Wardropper c/o Frick Collection 1 E 70th New York NY 10021 209569787 false false X www.frick.org X 1920 NY The Collection operates an internationally recognized art museum and art historical research center for the inspiration and enjoyment of the public and for the advancement of the study of fine arts and kindred subjects. 18 18 295 93 0 16464017 47408122 4239596 4325537 7667910 15088738 686607 503304 29058130 67325701 97000 88000 0 19410686 20769742 30000 30000 1686964 23529373 3970245 43067059 24857987 -14008929 42467714 336850503 402527260 20611051 13923319 316239452 388603941 X The Collection operates an internationally recognized art museum and art historical research center for the inspiration and enjoyment of the public and for the advancement of the study of fine arts and kindred subjects. false false 10018540 4687239 Museum Program: The Collection maintains and conserves over 1,400 works of art as part of its permanent art collection and the historic interiors of the Gilded Age mansion that houses them. The permanent art collection is made accessible to the public through exhibitions, research, and publications, as well as an array of education programs that seek to deepen the public's knowledge and appreciation for works of art in the permanent collection and art generally. Museum attendance during the 2016 tax year was approximately 266,000 visitors. See Schedule O for a description of the special exhibitions and other public education programs offered during the year. 4120739 88000 7156 Library Program: In addition to serving the curatorial and other research staff of the Collection, the Frick Art Reference Library serves members of general public with an interest in art, including students, scholars, art professionals, and collectors. The library's book and photograph research collections relate chiefly to paintings, drawings, sculpture, prints, and illuminated manuscripts from the fourth to the mid-twentieth centuries by European and American artists. Archival materials and special collections augment the research collections with documents pertaining to the history of collecting art and of Henry Clay Frick's collecting in particular. During the 2016 tax year, the library served 5,823 visitors, responded to 1,017 email inquiries and answered 3,292 on-site research questions. See Schedule O for additional information. 14139279 true true false false false false false true false true true true false false true true true false false false true false false true true false false false true true false false false false false false false false false false false true true false false false false false false false false true 80 0 true 295 true false false false false false false true true false 0 false false false false false false false false false false X 18 18 false false true false false false false true true false false false true true true true true true true false CT MA NJ NY X X Michael J Paccione 2122880700 1 East 70th Street New York NY 10021 X Stephen A Schwarzman Trustee 1.00 0.00 X 0 0 0 Charles Royce Trustee 1.00 0.00 X 0 0 0 Margot Bogert Trustee 1.00 0.00 X X 0 0 0 Melinda Martin Sullivan Trustee 1.00 0.00 X 0 0 0 Peter P Blanchard III Trustee 1.00 0.00 X 0 0 0 Monika McLennan Trustee 1.00 0.00 X 0 0 0 Juan Sabater Trustee & Treas 1.00 0.00 X X 0 0 0 James S Reibel Trustee 1.00 0.00 X 0 0 0 Emily T Frick Trustee 1.00 0.00 X 0 0 0 J Fife Symington IV Trustee 1.00 0.00 X 0 0 0 Elizabeth M Eveillard Trustee & Chair 1.00 0.00 X X 0 0 0 R Bradford Evans Trustee 1.00 0.00 X 0 0 0 Sidney R Knafel Trustee 1.00 0.00 X 0 0 0 Aso Tavitian Trustee&V.Chair 1.00 0.00 X X 0 0 0 Barbara G Fleischman Trustee 1.00 0.00 X 0 0 0 Bernard Selz Trustee 1.00 0.00 X 0 0 0 Ayesha Bulchandani Trustee 1.00 0.00 X 0 0 0 Michael J Horvitz Trustee& Sectry 1.00 0.00 X 0 0 0 Ian Wardropper Director & CEO 35.00 0.00 X 644946 0 44874 Alison Lonshein GC & Asst. Sec. 35.00 0.00 X 255928 0 34090 Michael Paccione CFO & Ast.Treas 35.00 0.00 X 251478 0 25868 Katharine Chapman Deputy Director External Affairs 35.00 0.00 X 276466 0 44874 Xavier Salomon Peter Jay Sharp Chief Curator 35.00 0.00 X 215841 0 30174 Stephen Bury A.W. Mellon Chief Librarian 35.00 0.00 X 182450 0 26835 Robert Goldsmith through 716 COO 35.00 0.00 X 272199 0 36802 Dennis Sweeney Head of Operations 35.00 0.00 X 175568 0 36462 David W Martin Assoc. Dir. Giving 35.00 0.00 X 168487 0 25439 Donald Swanson Chf. Coll. Preserv 35.00 0.00 X 151091 0 34483 Inge Reist Director, CHOC 35.00 0.00 X 156887 0 24279 Dana Winfield Chief HR Officer 35.00 0.00 X 140340 0 28915 2891681 393095 31 false true false Cambridge Associates LLC 100 Summer Street Boston MA 02110 Endowment Consulting 505027 Daikin Applied Americas Inc 24827 Network Place Chicago IL 60673 Commercial HVAC 376314 West New York Restoration 1800 Boston Road Bronx NY 10460 Building repairs 347065 Masterpice International 39 Broadway Suite 1410 New York NY 10006 Art shipping 301775 Seibold Security Inc 37 Richmond Street Rochester NY 14607 Security Consulting 277262 15 1993615 1224121 15900 44174486 24700638 47408122 Admissions 712110 3429378 3429378 Concert ticket sales 711130 62575 62575 Educational programs 611600 129018 129018 Membership Dues & Assessments 712110 704566 704566 4325537 2808211 2808211 0 8770 8770 0 153716771 141436244 12280527 12280527 12280527 144450 1224121 272197 -127747 -127747 0 1095908 535645 560263 560263 Employee Cafeteria 722210 62018 62018 62018 67325701 4894570 15023009 0 88000 88000 0 0 2099309 462786 1166573 469950 0 12743111 5175706 6611696 955709 1458659 554130 764420 140109 3431861 1357342 1705623 368896 1036802 393871 543343 99588 0 96461 36645 50551 9265 117003 44448 61316 11239 0 30000 30000 3445350 3445350 0 94784 94784 936635 620545 300989 15101 278423 139211 83527 55685 0 859310 859310 145467 93818 45066 6583 0 49025 28979 17808 2238 0 0 1762694 784398 943041 35255 247511 247511 Exhibit & Conservation costs 2572466 2572466 Equipment rental & maintenance 641162 79084 562078 Publication acquisitions 494788 494788 Printing and Publications 379358 119498 64385 195475 -8150192 1093564 -8535627 -708129 24857987 14139279 9031744 1686964 0 6319743 46675226 10072585 15142029 0 0 0 0 868948 865444 0 58265907 34175956 21865423 24089951 159275620 162688646 136999738 151640670 0 0 1448446 1425294 336850503 402527260 3108818 4221666 17502233 9701653 20611051 13923319 X 246194894 278959640 29814451 69398144 40230107 40246157 316239452 388603941 336850503 402527260 42467714 29896775 X false true X true false X 8722026 15771838 14316282 16464017 17145591 72419754 0 0 8722026 15771838 14316282 16464017 17145591 72419754 17294298 55125456 3184464 3799375 2844208 4241733 2808211 16877991 0 62849 64715 69456 69854 62018 328892 89626637 27270593 0.61510 0.60790 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X false 301317251 772071 44927863 12303673 3256955 331456557 320453593 830389 -6902304 11078643 1985784 301317251 323196222 1054325 9128402 11008423 1916933 320453593 274611681 1517007 58346110 9538819 1739757 323196222 242510263 1272640 41779095 9424791 1525526 274611681 0.79870 0.18800 0.01330 false false false 776088 776088 5662166 5662166 35211291 15317368 19893923 11905549 9322749 2582800 4710813 3873673 837140 24089951 151640670 Accrued pension benefits 2459798 Accrued postretirement welfare benefits 7241855 9701653 X 94711345 29896775 29896775 64814570 3256955 -745824 2511131 67325701 22346856 22346856 3256955 -745824 2511131 24857987 Part III, Line 1a: If organization elected under SFAS 116 to not report are, historical treasures, o In accordance with elections made under Statement of Financial Accounting Standard No. 116 (SFAS 116), the Collection does not include either the cost or the value of its collections on its statement of financial position, nor does it recognize gifts of collection items as revenues in its statement of activities. Collection items are considered works of art, historical treasures, general research collections, and similar assets held for public exhibition, education, or research in furtherance of public service rather than financial gain. Part III, Line 4: Description of organization's collections and how it furthers its purpose. The Frick Collection was established by Pittsburgh industrialist Henry Clay Frick, who, upon his death in 1919, bequeathed his New York residence (since designated a National Historic Landmark) and remarkable collection of European paintings, sculpture and decorative arts for the enjoyment of the public and for the advancement of the study of fine arts and kindred subjects. The Frick Art Reference Library of the Collection was established in 1920 by Frick's daughter, Helen Clay Frick. The library's book and photograph research collections relate chiefly to paintings, drawings, sculpture, prints, and illuminated manuscripts from the 4th to the mid-20th centuries by European and American artists, and its archival materials and special collections augment the research collections with documents pertaining to the history of collecting art and of Frick's collecting in particular. The Collection's mission is to preserve and display for the public Frick's art collection in a domestic setting and to augment the Collection's art holdings; to provide access, understanding and enjoyment of the art collection to the public through special exhibitions, publications, public education programs, and research; to offer the visiting public an engaging view of life in the Gilded Age; and to serve as a center for research and to stimulate scholarship in the history of art and the history of collecting works of art. Part V, Line 4: Intended uses of the endowment fund. The aggregate endowment funds of The Frick Collection are the foundation of the institution. The endowments ensure the Frick's continued vitality by providing a consistent flow of funds that support all programatic, facility and related administrative costs of the organization. Part X : FIN48 Footnote The Collection recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Management has determined that the Collection has no uncertain tax positions that would require financial statement disclosure. The Collection is no longer subject to audits by the applicable taxing jurisdictions for periods prior to 2014. Europe 0 0 Attend/speak @ conference 12300 Cntrl Amer.& Caribbean 0 0 Investment 43308410 Europe 0 0 Program Services Educational Research Travel 74100 43394810 43394810 true false true false true false Part I, Line 3f - Method of Accounting Expenditures are accounted for on a U.S. dollar basis. Part I, Line 3f - Investments and Expenditures The Collection has investments in funds that maintain headquarters located in the Caribbean and Central America. X X X X X X true CCS PO Box 824885 Phila PA 19182 Campgn Planning false 30000 30000 NY CT MA NJ Autumn Dinner 1087772 1006522 81250 57258 93370 Young Fellows Winter Ball 280799 217599 63200 41839 3500 76230 1368571 1224121 144450 99097 3500 169600 272197 -127747 true 0 0 Research fellowships in the History of Collecting 7 88000 Grantmaker's Description of How Grants are Used Research Fellowships in the History of Collecting: The Collection makes grants to individuals undertaking scholarly research into the history of collecting art. Graduate students and post-doctoral scholars in the fields of cultural and art history are eligible for the grants. Fellowships are awarded on the basis of the proposed project's contribution to the study of the history of art collecting, with preference being given to interdisciplinary research subjects and those projects that relate to the special collections and archival materials of the Frick Art Reference Library of the Collection. In order to ensure that the fellowship grants are awarded for their intended purpose, each candidate is required to submit an application consisting of (i) a cover letter briefly stating the purpose of the research planned and indicating how a fellowship would be beneficial; (ii) a completed application form; (iii) a detailed project proposal describing the research project and its objectives, situating the project within the context of existing scholarship, and explaining how the project would benefit from a fellowship at the Collection; and (iv) a curriculum vitae. During the fellowship period, a fellowship recipient is expected to be in residence at the Collection's library. At the end of the fellowship period, each fellowship recipient is required to offer a brief oral presentation at a "Fellows' Forum" and to submit a written progress report describing the fellow's accomplishments with respect to the project during the fellowship period. Fellowship recipients additionally are required to submit an expenditure report detailing how the fellowship funds were expended. X X true true X X X X X X false false false false false false false false false false Alison Lonshein GC & Asst. Sec. 255928 25500 8590 290018 Dana Winfield Chief HR Officer 140340 14034 14881 169255 David W Martin Assoc. Dir. Giving 168487 16849 8590 193926 Dennis Sweeney Head of Operations 175568 17557 18905 212030 Donald Swanson Chf. Coll. Preserv 151091 15109 19374 185574 Ian Wardropper Director & CEO 535946 109000 25500 19374 689820 Inge Reist Director, CHOC 156887 15689 8590 181166 Katharine Chapman Deputy Director External Affairs 276466 25500 19374 321340 Michael Paccione CFO & Ast.Treas 251478 25148 720 277346 Robert Goldsmith through 716 COO 272199 25500 11302 309001 Stephen Bury A.W. Mellon Chief Librarian 182450 18245 8590 209285 Xavier Salomon Peter Jay Sharp Chief Curator 215841 21584 8590 246015 Part I, Line 1a: Relevant information in regards to selections on 1a. Pursuant to a written employment agreement with the Director and Chief Executive Officer (the "Director"), the Collection provided a housing allowance. The housing allowance was part of the Directors compensation, as reviewed and approved by the Board of Trustees, and the value of this benefit was treated as taxable compensation. In addition, travel expenses for the Director's spouse are reimbursed when such travel is determined to be for a bona fide business purpose. X 199 X 17 X X 133 24700638 Stockmkt quote X Photoarchive 8 X Archive/Records 3 false true false Part I, Line 33, Revenues Not Reported In accordance with Financial Accounting Standards Board statement #116, the Collection does not include either the cost or the value of its collections in its statement of financial position, nor does it recognize gifts of collection items as revenues in its statement of activities. Form 990, Part VI, Line 11b: Form 990 Review Process The Board of Trustees has delegated to the Audit Committee responsibility for oversight of the preparation and filing of the Form 990. The Audit Committee accordingly meets for the purpose of reviewing and commenting on a draft version of the Form 990 prior to filing. After the Form 990 is approved by the Audit Committee, a copy of the final return (without Schedule B, which is redacted to maintain donor anonymity) is made available to each member of the Board of Trustees before it is filed. The Form 990 additionally is reviewed by management prior to filing. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts The Collections conflict of interest policy covers each member of the Board of Trustees, officer, key employee, other key person, and member of any committee of the Board of Trustees of the Collection (collectively "covered persons"). Each covered person makes annual written disclosures regarding entities known to do business with the Collection and in which the covered person or a family member of the covered has a financial, ownership, personal, professional or organizational interest or affiliation. The completed disclosure statements are reviewed by the Collection's General Counsel and the chair of the Audit Committee. The policy additionally requires covered persons to disclose potential conflicts of interest as they arise, or become known to the covered person, to the Chair of the Board, if the transaction will be considered for approval by the Board of Trustees, or, if the matter will come before a Committee of the Board, the relevant committee chair. The Chair or relevant committee chair reports the potential conflict to the chair of the Audit Committee and the General Counsel for evaluation and determination of whether an actual conflict of interest exists. Members of the Audit Committee may be consulted in making the determination, and, in any case, all disclosures and resulting determinations are reported to the Audit Committee. If it is determined that an actual conflict of interest exists, the Board of Trustees or committee, as applicable, is notified. If a covered person discloses a potential conflict of interest at a meeting during which the Board or committee is expected to take action on the matter, an actual conflict of interest is presumed under the policy. A transaction involving a conflict of interest for a covered person must be approved by only those Trustees or committee members who do not have a conflict with respect to the transaction. The covered person may not vote on the transaction or be present or participate in deliberations on the transaction, except that the covered person may present information concerning the transaction if so requested by the Board or relevant committee. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees The Compensation Committee of the Board of Trustees recommends the compensation of the Director and Chief Executive Officer (the "Director") to the full Board of Trustees for its review and approval. The Compensation Committee also is responsible for setting the compensation of the other officers and key employees (who are compensated in their capacity as employees and not as officers) and other key employees based on the recommendations of the Director. The positions for which this procedure is followed are the the Chief Financial Officer and Assistant Treasurer; the General Counsel and Assistant Secretary; Deputy Director and Chief Operating Officer; the Chief Curator; the Deputy Director for External Affairs; and the Chief Librarian. In determining the reasonableness of compensation paid to each of the foregoing individuals, the Compensation Committee, and the Board of Trustees in the case of the Director, reviews comparability data available for peer organizations, including Forms 990 and published compensation surveys. The compensation analysis is undertaken annually, and the most recent review for each individual holding the positions listed above was undertaken in the 2016 tax year. The Compensation Committee additionally engaged an independent compensation consultant in the 2015 tax year to conduct a compensation survey for the position of Director and Chief Executive Officer. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available The Collection was incorporated by act of the New York State legislature, and its charter therefore is a public document. The charter also has been published by the Collection. A copy of the Collection's audited financial statements may be obtained by written request to the Collection. Portions of the audited financial statements, such as the statement of financial position and the statement of activities, are reproduced in the Collection's Annual Report, which is available on the Collection's website. The Collections bylaws and conflicts of interest policy are not generally available to the public. Form 990, Part III, Line 4A- Program Service Accomplishments Museum Program (continued)Special Exhibitions:Porcelain, No Simple Matter: Arlene Shechet and the Arnhold CollectionMay 24, 2016 to April 2, 2017Visitors: 190,094 (during the period of July 1, 2016 through April 2, 2017)Watteaus Soldiers: Scenes of Military Life in Eighteenth-Century FranceJuly 12, 2016 to October 2, 2016Visitors: 28,996 Cagnaccis Repentant Magdalene: An Italian Baroque Masterpiece from the Norton Simon MuseumOctober 25, 2016 to January 22, 2017Visitors: 56,576Pierre Gouthire: Virtuoso Gilder at the French CourtNovember 16, 2016 to February 19, 2017Visitors: 28,470Turners Modern and Ancient Ports: Passages through TimeFebruary 23, 2017 to May 14, 2017Visitors: 81,750The Pursuit of Immortality: Masterpieces from the Scher Collection of Portrait MedalsMay 9, 2017 to September 10, 2017Visitors: 15,275 (during the period of May 9, 2017 through June 30, 2017)Divine Encounter: Rembrandts Abraham and the AngelsMay 26, 2017 to August 20, 2017Visitors: 22,441 (during the period of May 26, 2017 through June 30, 2017)Fired by Passion: Masterpieces of Du Paquier Porcelain from the Sullivan CollectionJune 8, 2017 to August 12, 2018Visitors: 13,087 (during the period of June 8, 2017 through June 30, 2017)Education Programs: The Collection organized a total of 1,131 public education programs during the 2016 tax year that served approximately 28,949 individuals. Public programs included lectures, gallery talks, seminars, sketching sessions in the galleries, and gallery conversations for the general public; evening art dialogues for young professionals; salon evenings featuring performances of music and dance, as well as expert commentary on interdisciplinary topics; free evenings at the Frickincluding special evening events for teens and college students-- that offered a range of programs, including gallery talks, open sketching in the galleries, and dance and music performances; and guided visits, after school programs, and courses for middle school, high school, and graduate students. Art History Lecture Series: Sixteen scholarly lectures presented to the public by curatorial staff of the Collection and guest speakers The Frick Collection, FY17 Symposia: Art and War: New PerspectivesSeptember 16, 2016A Symposium on the History of Art April 21 & 22, 2017(co-organized with the Institute of Fine Arts, New York University)Negotiating Art and Narrative: Emerging Scholars Symposium for UndergraduatesJune 9, 2017Chamber Music Concert Series: Ten concerts were presented in 2016 tax year and recorded for broadcast on national public radio.Publications:The Art of Guido Cagnacci,2016Divine Encounter: Rembrandts Abraham and the Angels, 2017Pierre Gouthire: Virtuoso Gilder at the French Court, 2016Pierre Gouthire, ciseleur-doreur du roi (French language edition), 2016Porcelain, No Simple Matter: Arlene Shechet and the Arnhold Collection, 2016The Pursuit of Immortality: Masterpieces from the Scher Collection of Portrait Medals, 2017Turners Modern and Ancient Ports: Passages through Time, 2017Watteaus Soldiers: Scenes of Military Life in Eighteenth-Century France, 2016 Form 990, Part III, Line 4B- Program Service Accomplishments Library Program (continued)Drawing on the archival collections the library, the Center for the History of Collecting is a program that was established to foster awareness and scholarly study of the formation of fine and decorative arts collections and to promote the relevance of this subject to the history of art and culture. In the 2016 tax year, the Collection organized the following academic symposia on the history of collecting:Made in the USA: Collecting American Art during the Long Nineteenth CenturyMarch 3 & 4, 2017Sculpture Collecting and Display, 16002000May 19 & 20, 2017The Collection additionally awarded seven grants to graduate students and post-doctoral scholars undertaking original research within the field of the history of art collecting. Form 990, Part IX, Line 24a Program services, management and fundraising expenses include non-operating costs, a considerable portion of which are related to pension and other post-retirement benefits. These actuarially-calculated costs have a significant impact on the classification of functional expenses and their relative totals. Form 990, Part VI, Line 1a- Executive Committee The Board of Trustees has appointed an Executive Committee with the authority to exercise, during the intervals between regularly scheduled meetings of the Board of Trustees, all of the powers of the Board except that the Executive Committee may not amend or repeal the bylaws of the Collection or adopt new bylaws; fill vacancies in the Board of Trustees or any committee; amend or repeal any resolution of the Board of Trustees which by its terms is not amendable or repealable; fix the compensation of the Trustees, if any, for serving on the Board or any committee; elect or remove officers or Trustees; approve a merger or plan of dissolution; approve the sale, lease, exchange or other disposition of all or substantially all the assets of the Collection; or amend the charter of the Collection. The Executive Committee consists of the following members with voting rights: the Chair, the Vice Chair, the Secretary, and the Treasurer of the Collection, each of whom must be a member of the Board of Trustees under the Collections bylaws, as well as one other Trustee who is elected to the committee by the Board. The Director and Chief Executive Officer of the Collection is a nonvoting member of the Executive Committee. Form 990, Part VI, Line 4- Significant Changes to Governing Documents The Bylaws of the Collection were amended during the tax year in order to address recent amendments to the Not-for-Profit Corporation Law of the State of New York (the NPCL) and to reflect certain longstanding practices that differ from the default provisions in the NPCL as amended. The significant changes (as defined for purposes of the Form 990) are as follows:Specify that the Treasurer shall be an ex officio member and chair of the Finance Committee and an ex officio member of the Compensation Committee.Specify that compensation of the Director and Chief Executive Officer shall be reviewed by the Compensation Committee and approved by the Board of Trustees based on the recommendation of the Compensation Committee, and that the compensation of any other officer who is an employee of the Collection, such as an Assistant Treasurer or an Assistant Secretary, shall be reviewed and fixed by the Compensation Committee based on the recommendations of the Director and Chief Executive Officer.Specify that The Executive Committee shall consist of the Chair, who shall be chair of the Executive Committee, the Vice Chair, the Treasurer, and the Secretary, and one other Trustee elected by the Board of Trustees. In addition, the Director and Chief Executive Officer of the Collection shall be a nonvoting member of the Executive Committee. Eliminate the requirement that notice of the substance of any Bylaw amendment be given with the notice of the meeting at which the amendment is to be considered.