2025-11-06T12:21:44-06:00 2024-12-31 871353108 EISNER ADVISORY GROUP LLC 733 THIRD AVENUE NEW YORK NY 100172703 990 2024-01-01 141457573 STORM KING ART CENTER STOR 8455343115 1 MUSEUM ROAD NEW WINDSOR NY 12553 DWAYNE JARVIS EXECUTIVE DIRECTOR 8455343115 2025-11-06 1 0 TIMOTHY SCHROEDER P01631203 2129498700 2024 2025-03-06 01:10:19Z NORA R LAWRENCE 1 MUSEUM ROAD NEW WINDSOR NY 12553 24421545 0 X WWW.STORMKING.ORG X 1960 NY EXHIBIT, ACQUIRE, BORROW, AND CONSERVE MODERN AND CONTEMPORARY ART IN ITS EXPANSIVE LANDSCAPE. 25 24 109 25 349937 93870 4936173 9694977 2548483 2465921 861326 2243343 91406 338340 8437388 14742581 0 0 0 0 5758519 5275066 0 0 1187615 4003985 4052687 9762504 9327753 -1325116 5414828 78277409 90499750 1859594 6531022 76417815 83968728 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 5352136 2454324 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. 926286 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. 828251 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. 7106673 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 53 0 1 109 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 25 24 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 361584 0 9231 ROBERTA DENNING CHAIR 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 VICE-CHAIR 2.00 X X 0 0 0 JENNIFER BRORSEN TRUSTEE 2.00 X 0 0 0 ANTONIA GRILIKHES-LASKY 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 STEPHANIE HUNT 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 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 COURTNEY B VANCE TRUSTEE 2.00 X 0 0 0 ADAM D WEINBERG TRUSTEE 2.00 X 0 0 0 KEVIN WHITE TRUSTEE 2.00 X 0 0 0 ANDREW RICHARDS TRUSTEE 2.00 X 0 0 0 KELLIE HONEYCUTT CHIEF OPERATING OFFICER 40.00 X 213090 0 36847 NORA LAWRENCE EXEC DIR 125 ART. DIR. / CHIEF CURATOR 40.00 X 179552 0 35929 DWAYNE JARVIS ASSISTANT TREASURER 40.00 X 120347 0 3664 AMY WEISSER DEP. DIR./STRATEGIC PLAN 40.00 X 176924 0 35842 MIKE SEAMAN DIR. FAC.& CONSERVATION 40.00 X 119176 0 34266 CATHERINE WILLIAMS DIR. OF DEVELOPMENT 40.00 X 143852 0 4310 1314525 0 160089 7 0 1 0 CONSIGLI CONSTRUCTION COMPANY INC 72 SUMNER STREET MILFORD MA 01757 CONSTRUCTION MANAGER 23253968 CLAIRE WEISZ ARCHITECTS LLP 25 PARK PLACE 5TH FLOOR NEW YORK NY 10007 ARCHITECTS 298917 ENVOIE PROJECTS 220 EAST 42ND STREET NEW YORK NY 10017 OWNER REPRESENTATIVE 268750 REED HILDERBRAND 130 BISHOP ALLEN DRIVE CAMBRIDGE MA 02139 LANDSCAPE ARCHITECTS 265026 BURO HAPPOLD CONSULTING ENGINEERS 100 BROADWAY 23RD FLOOR NEW YORK NY 10005 ENGINEERS 227808 9 344791 1086783 8263403 449877 9694977 ADMISSIONS FEES 900099 2242311 2242311 MISCELLANEOUS PROGRAM 900099 223610 223610 2465921 412619 412619 11158094 9327370 1830724 1830724 1830724 101550 1086783 101550 0 238447 250044 -11597 -11597 PRIVATE EVENTS REVENUE 713940 349937 349937 349937 14742581 2454324 349937 2243343 960244 672171 96024 192049 3274029 2522791 331660 419578 96187 72140 9619 14428 590870 443152 59088 88630 353736 251153 31836 70747 369442 277082 88666 3694 78475 70628 7847 139957 139957 332991 293031 23309 16651 262681 223279 39402 241648 199360 36247 6041 191888 143916 38378 9594 130822 98117 26164 6541 24322 14593 5351 4378 342433 301341 23970 17122 267791 245029 20084 2678 EXHIBITION EXPENSES 588095 588095 DEVELOPMENT/MEMBERSHIP 414544 66327 24873 323344 MISC. EXPENSES 338700 315276 14568 8856 BUILDING AND GROUNDS 328437 308731 16422 3284 461 461 9327753 7106673 1033465 1187615 1725864 3318849 15823669 3876816 3870526 1153558 73025 81924 323532 254255 222136 54730 72568706 21382612 25803672 51186094 15765580 16952571 14669405 13620953 78277409 90499750 1859594 3231022 3300000 1859594 6531022 X 42633336 63200635 33784479 20768093 76417815 83968728 78277409 90499750 5414828 2136085 0 X 0 1 X 1 0 X 6540043 8206569 9603507 4936173 9694977 38981269 6540043 8206569 9603507 4936173 9694977 38981269 5610986 33370283 133383 179421 236668 591355 412619 1553446 59634 71810 237154 296749 1830724 2496071 43030786 0.77550 0.72170 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 2934078 384007 76200 3241885 2580765 3557 420287 70531 2934078 3091298 28015 -372870 165678 2580765 2899424 46672 185382 40180 3091298 2615146 61332 249291 26345 2899424 0.84827 0.15173 0 0 5645343 5645343 49443136 5625477 43817659 17480227 15757135 1723092 51186094 PRIVATE EQUITY 7706 F HEDGE FUNDS 4551609 F OTHER POOLED INV. FUNDS 9061638 F 13620953 X 16738709 2136085 2136085 14602624 139957 139957 14742581 9187796 0 9187796 139957 139957 9327753 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 WORKS OF ART HAVE NOT BEEN CAPITALIZED AND ARE NOT REPORTED IN THE STATEMENTS OF FINANCIAL POSITION. IN 2024, TOTAL WORKS OF ART WAS INSURED BY STORM KING FOR $210,000,000. THE FAIR VALUE OF BORROWED ARTWORKS WAS $203,600,000 IN 2024. 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, INVESTMENTS 11154139 0 0 0 0 0 0 11154139 0 11154139 1 0 1 0 1 0 PART I, LINE 3: AMOUNT REPORTED USING THE ACCRUAL BASIS OF ACCOUNTING. PART IV, LINE 3 STORM KING HAD AN OWNERSHIP INTEREST IN FOREIGN CORPORATIONS DURING 2024 RELATED TO ITS 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 2024 RELATED TO ITS INVESTMENT PORTFOLIO. STORM KING WAS NOT REQUIRED TO FILE FORM 8865 DUE TO THE THRESHOLDS NOT BEING MET. GALA/AUCTION 1095033 1086783 8250 2947 4419 884 SUMMER NIGHT 93300 93300 35997 38029 14280 4994 1188333 1086783 101550 35997 40976 18699 5878 101550 0 X X X X 0 0 0 0 0 0 0 0 0 JOHN P STERN PRESIDENT 361584 0 0 0 0 0 8625 0 606 0 370815 0 0 0 KELLIE HONEYCUTT CHIEF OPERATING OFFICER 213090 0 0 0 0 0 5788 0 31059 0 249937 0 0 0 NORA LAWRENCE EXEC DIR 125 ART. DIR. / CHIEF CURATOR 179552 0 0 0 0 0 4907 0 31022 0 215481 0 0 0 AMY WEISSER DEP. DIR./STRATEGIC PLAN 176924 0 0 0 0 0 4783 0 31059 0 212766 0 0 0 MIKE SEAMAN DIR. FAC.& CONSERVATION 119176 0 0 0 0 0 3305 0 30961 0 153442 0 0 0 X 10 449877 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.