2016-08-26T11:57:37-05:00 2016-03-31 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2015-04-01 251596285 FRICK ART & HISTORICAL CENTER INC FRIC 4123710600 7227 REYNOLDS STREET PITTSBURGH PA 152082919 ROBIN NICHOLSON DIRECTOR 4123710600 2016-08-23 1 SUSAN M KIRSCH P00341397 4122613644 2015 2016-12-15 16:53:06Z THE FRICK PITTSBURGH ROBIN NICHOLSON 7227 REYNOLDS STREET PITTSBURGH PA 152082919 19636169 0 X WWW.THEFRICKPITTSBURGH.ORG X 1988 PA AS A MUSEUM, HISTORICAL SITE AND CULTURAL CENTER, THE FRICK PITTSBURGH SERVES THE PUBLIC THROUGH PRESERVATION, PRESENTATION AND INTERPRETATION OF THE FINE AND DECORATIVE ARTS AND HISTORICALLY SIGNIFICANT ARTIFACTS FOR ALL RESIDENTS OF AND VISITORS TO WESTERN PENNSYLVANIA. 29 29 201 29 484 0 3026149 2655164 239016 221009 3487014 1473710 473586 470725 7225765 4820608 3125 3000 0 0 2719616 2887540 0 0 157129 2580485 2971855 5303226 5862395 1922539 -1041787 95022930 92461863 923042 2835892 94099888 89625971 AS A MUSEUM, HISTORICAL SITE & CULTURAL CENTER, THE FRICK PITTSBURGH SERVES THE PUBLIC THROUGH PRESERVATION, PRESENTATION & INTERPRETATION OF THE FINE & DECORATIVE ARTS & HISTORICALLY SIGNIFICANT ARTIFACTS FOR ALL RESIDENTS OF & VISITORS TO WESTERN PENNSYLVANIA. 0 0 1759304 PRESERVATION - IN ADDITION TO ONGOING PREVENTIVE CONSERVATION AND COLLECTIONS MANAGEMENT, THE FOLLOWING ARE THE MOST SIGNIFICANT CONSERVATION PROJECTS UNDERTAKEN THIS YEAR: CLEANING AND PROTECTIVE LACQUERING OF THE MUTI-PIECE GORHAM COFFEE AND TEA SERVICE BEGUN LAST YEAR WAS COMPLETED, AND MINOR REPAIRS WERE MADE TO TEXTILES AT CLAYTON. 1691643 3000 82945 INTERPRETATION - THE FRICK PROVIDES HIGH-QUALITY, ENGAGING, INTELLIGENT PROGRAMS AND EXPERIENCES FOR EACH AND EVERY VISITOR, INCLUDING THOSE WHO WANT TO LEARN FROM THE FRICK BUT CANNOT VISIT THE MUSEUM IN PERSON. THROUGH SCHOOL TOURS AND WORKSHOPS, ADULT WORKSHOPS, LECTURES, FILMS, CONCERTS AND OTHER PROGRAMS, THE FRICK'S RESOURCES ARE USED TO ILLUMINATE, FOR A WIDE AUDIENCE, THE ART, HISTORY, ARCHITECTURE AND CULTURE OF A PIVOTAL TIME IN PITTSBURGH'S HISTORY. FOR THE YEAR ENDED MARCH 31, 2016, 43,248 PEOPLE PARTICIPATED IN INTERPRETIVE AND EDUCATIONAL PROGRAMS. 1183999 587876 PRESENTATION - THE FRICK PITTSBURGH OFFERS ONGOING EXHIBITIONS OF ITS PERMANENT COLLECTIONS OF FINE AND DECORATIVE ARTS AND HISTORICAL ARTIFACTS, INCLUDING TOURS OF CLAYTON, THE RESTORED HOME OF INDUSTRIALIST HENRY CLAY FRICK. PRESENTATION OF THE PERMANENT COLLECTION IS AUGMENTED BY TEMPORARY EXHIBITIONS OFFERED THROUGHOUT THE YEAR, WHICH THIS YEAR INCLUDED ROLLING HILLS, SATANIC MILLS: THE BRITISH PASSION FOR LANDSCAPE, HILLS AND MILLS: PITTSBURGH ON PAPER, FORBIDDEN FRUIT: CHRIS ANTEMANN AT MEISSEN. TOURS AND INSTALLATIONS AT CLAYTON, INCLUDED: THE INDUSTRIALIST LANDSCAPE: HENRY CLAY FRICK'S CAREER AND COLLECTING AND SETTING THE TABLE FOR CHRISTMAS AT CLAYTON. THE CAR AND CARRIAGE MUSEUM REOPENED IN NOVEMBER WITH A SELECTION OF VEHICLES FROM THE PERMANENT COLLECTION. 4634946 1 1 0 0 0 0 0 1 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 50 0 1 201 1 1 1 0 0 0 0 0 0 0 0 0 X 29 29 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 PA X X ROBIN NICHOLSON 4123710600 7227 REYNOLDS STREET PITTSBURGH PA 152082919 MICHAEL T ANSELMO TRUSTEE 2.00 X 0 0 0 DAVID E BARENSFELD TRUSTEE 2.00 X 0 0 0 JOEL R BERNARD TRUSTEE 4.00 X 0 0 0 NANCY BROMALL BARRY TRUSTEE 2.00 X 0 0 0 CHARLES R BURKE JR TRUSTEE 7.50 X 0 0 0 DAVID BURSTIN TRUSTEE 2.00 X 0 0 0 DONNA L DELIE TRUSTEE 2.00 X 0 0 0 MARY JO DIVELY TRUSTEE 2.00 X 0 0 0 SUZZARA FC DUROCHER TRUSTEE 2.00 X 0 0 0 VIRGINIA BURDEN HART TRUSTEE 2.00 X 0 0 0 MICHAEL J HATCHER TRUSTEE 2.00 X 0 0 0 ALIXINE O'MALLEY HAUCK TRUSTEE 2.00 X 0 0 0 HENRY W HENNINGER TRUSTEE 2.00 X 0 0 0 ERIN ISLER TRUSTEE (ENTERED 09/2015) 2.00 X 0 0 0 KIRK JOHNSON TRUSTEE (ENTERED 9/15) 2.00 X 0 0 0 MARTHA CHACE LORING TRUSTEE (ENTERED 3/15) 2.00 X 0 0 0 DANIEL W O'MALLEY TRUSTEE 2.00 X 0 0 0 STEVEN M PAVSNER TRUSTEE (ENTERED 3/15) 2.00 X 0 0 0 WILFORD A PAYNE TRUSTEE 2.00 X 0 0 0 PAMELA PEELE TRUSTEE 2.00 X 0 0 0 WALTER A SCOTT III TRUSTEE 2.00 X 0 0 0 BRIAN SLOAN TRUSTEE (ENTERED 6/15) 2.00 X 0 0 0 MARK A SNYDER TRUSTEE 2.00 X 0 0 0 RICHARD E SYMINGTON TRUSTEE 2.00 X 0 0 0 LOUIS L TESTONI TRUSTEE 2.00 X 0 0 0 CAROLYN B REED CHAIR 7.50 X X 0 0 0 EDWARD H DANE VICE CHAIR 2.00 X X 0 0 0 CAROLYN D DURONIO SECRETARY 2.00 X X 0 0 0 MATTHEW J TEPLITZ TREASURER 2.00 X X 0 0 0 ROBIN NICHOLSON DIRECTOR 40.00 X 209349 0 28872 LISA MACIOCE MANAGER OF FINANCE 40.00 X 80784 0 11905 290133 0 40777 1 0 1 0 TURNER CONSTRUCTION CO 1133 PENN AVE SUITE 300 PITTSBURGH PA 15222 CONSTRUCTION 5705369 US SECURITY ASSOCIATES INC PO BOX 931703 ATLANTA GA 31193 SECURITY 258077 O'BRIEN BUSINESS SYSTEMS INC 739 ELM STREET CONSHOHOCKEN PA 19428 STORAGE SYSTEMS 173543 SCHWARTZSILVER ARCHITECTS 75 KNEELAND STREET BOSTON MA 02111 ARCHITECTURAL SERVICES 148142 4 371667 173250 2110247 216633 2655164 ADMISSIONS 900099 138064 138064 PROGRAMS 900099 82945 82945 221009 1095230 -278 1095508 20151 20151 14933353 14554873 378480 378480 378480 711262 260688 450574 449812 762 4820608 670821 484 1494139 3000 3000 286830 61886 183686 41258 1915353 1607725 257781 49847 79306 55674 20587 3045 426871 343318 73013 10540 179180 131584 40788 6808 17030 17030 38860 38860 103603 103603 195193 167839 19829 7525 138054 138054 294281 248628 32374 13279 108358 82308 21594 4456 455567 400435 55132 38653 12260 25233 1160 7164 7164 528361 486064 41972 325 95719 12184 83535 SECURITY 390616 359345 31030 241 EXHIBITION FEES 272651 272651 287745 244827 24273 18645 5862395 4634946 1070320 157129 720450 1029925 4114500 502898 2143956 1145241 120883 108599 236657 158391 23744912 7907012 10792729 15837900 68784396 65572474 709065 864965 7400294 7241470 95022930 92461863 923042 785892 2050000 923042 2835892 X 90510108 88669244 3556680 923627 33100 33100 94099888 89625971 95022930 92461863 -1041787 -3432130 0 X X 0 1 X 1 0 X 1327725 4357444 7508521 3026149 2655164 18875003 71500 71500 71500 71500 71500 357500 1399225 4428944 7580021 3097649 2726664 19232503 5852446 13380057 1097401 1000863 1073207 1118021 1115659 5405151 4124 5469 882 484 10959 24648613 4178668 0.54280 0.53140 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7241470 X X X X 0 72350185 -1959219 4714309 53683 65622974 70836986 4528302 2961466 53637 72350185 65092043 8954468 3140747 68778 70836986 62989369 5392555 3227184 62697 65092043 64606052 1420382 2973938 63127 62989369 0.99950 0.00050 0.00000 0 0 111750 111750 22275591 6715545 15560046 953004 850859 102145 404567 340608 63959 15837900 PERMANENT COLLECTION OF ART AND ARTIFACTS 7241470 7241470 X 1720666 -3432130 71500 260688 -3099942 4820608 0 4820608 6194583 71500 260688 332188 5862395 0 5862395 PART III, LINE 4: THE COLLECTIONS AT THE FRICK ARE AT THE CENTER OF THE MUSEUM'S MISSION TO SERVE THE PUBLIC THROUGH PRESERVATION, PRESENTATION AND INTERPRETATION OF FINE AND DECORATIVE ARTS AND HISTORICALLY SIGNIFICANT ARTIFACTS. ENCOMPASSING FINE AND DECORATIVE ARTS, CARRIAGES, CARS, BUILDING AND EPHEMERA RELATED TO THE PITTSBURGH FAMILY LIFE OF GILDED AGE INDUSTRIALIST HENRY CLAY FRICK, THESE COLLECTIONS FORM THE CORE OF WHAT IS NOW DISPLAYED IN THE EXHIBITION VENUES. PART V, LINE 4: THE FRICK'S ENDOWMENT CONSISTS OF VARIOUS INVESTMENT FUNDS ESTABLISHED OR DESIGNATED PRIMARILY FOR SUPPORT OF THE ORGANIZATION'S MISSION. ITS ENDOWMENT INCLUDES DONOR-RESTRICTED ENDOWMENT FUNDS AND THOSE DESIGNATED BY THE BOARD. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE FRICK TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE BOARD OF THE FRICK HAS ELECTED TO BE GOVERNED BY THE COMMONWEALTH OF PENNSYLVANIA'S ACT 141 (ACT 141) FOR THE DONOR-RESTRICTED ENDOWMENT FUNDS. ACT 141 PERMITS ELECTION OF A TOTAL RETURN POLICY THAT ALLOWS A NONPROFIT TO CHOOSE TO TREAT A PERCENTAGE OF THE AVERAGE MARKET VALUE OF THE ENDOWMENT'S PERMANENTLY RESTRICTED INVESTMENTS AS INCOME EACH YEAR. HOWEVER, THE LONG-TERM PRESERVATION OF THE REAL VALUE OF THE ASSETS MUST BE TAKEN INTO CONSIDERATION WHEN THE BOARD ELECTS THE AMOUNT. THE FRICK HAS ELECTED A POLICY THAT REQUIRES THE CORPUS OF THE PERMANENTLY RESTRICTED NET ASSETS TO BE MAINTAINED, NOTWITHSTANDING INVESTMENT PERFORMANCE TO THE CONTRARY. THE FRICK HAS NOT ADOPTED ACT 141 FOR THE FUNDS THAT ARE BOARD-DESIGNATED FOR ENDOWMENT. THESE FUNDS ARE MONITORED BY THE FINANCE COMMITTEE OF THE BOARD UNDER OPERATION OF THE INVESTMENT POLICY. IN ACCORDANCE WITH ACT 141, THE FRICK HAS ADOPTED A WRITTEN INVESTMENT POLICY, OF WHICH A SECTION SPECIFICALLY RELATES TO THE ENDOWMENT FUND. THE FRICK CONSIDERS THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO SET A SPENDING RATE FOR BOTH THE DONOR-RESTRICTED AND BOARD-DESIGNATED ENDOWMENT FUNDS: 1. PROTECTING THE CORPUS OF THE ENDOWMENT FUND. 2. PRESERVING THE SPENDING POWER OF THE ASSETS. 3. OBTAINING MAXIMUM INVESTMENT RETURN WITH REASONABLE RISK AND OPERATIONAL CONSIDERATION. 4. COMPLYING WITH APPLICABLE LAWS. THE FRICK HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A REASONABLE LEVEL OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO ENHANCE THE PURCHASING POWER OF THE FUND'S CORPUS BY STRIVING FOR LONG-TERM GROWTH. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE ORGANIZATION MUST HOLD IN PERPETUITY OR FOR A DONOR-SPECIFIED PERIOD, AND BOARD-DESIGNATED ENDOWMENT FUNDS. THE FRICK ANNUALLY TRANSFERS APPROXIMATELY 5% OF THE PREVIOUS 12 QUARTERS' MARKET VALUE AVERAGE OF THE BOARD-DESIGNATED ENDOWMENT FUND TO UNDESIGNATED UNRESTRICTED NET ASSETS FOR USE IN CURRENT AND FUTURE OPERATIONS. THE PERCENTAGE IS APPLIED TO THE 12-QUARTER AVERAGE MARKET VALUE OF THE INVESTMENTS AT DECEMBER 31 OF THE PREVIOUS YEAR. THE DRAW FOR THE YEARS ENDED MARCH 31, 2016 AND 2015 WAS APPROXIMATELY $3,359,000 AND $3,172,000, RESPECTIVELY. THE FRICK BELIEVES THAT THIS SPENDING POLICY IS CONSISTENT WITH THE FRICK'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS HELD IN PERPETUITY AS WELL AS TO PROVIDE ADDITIONAL REAL GROWTH THROUGH NEW GIFTS AND INVESTMENT RETURN. PART X, LINE 2: THE FRICK IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 (IRC). ACCORDINGLY, NO PROVISION FOR INCOME TAXES, OTHER THAN UNRELATED BUSINESS INCOME TAX, IS RECORDED IN THE FINANCIAL STATEMENTS. THE FRICK ACCOUNTS FOR UNCERTAIN TAX POSITIONS ACCORDING TO THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (CODIFICATION) TOPIC INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. AS OF MARCH 31, 2016 AND 2015, NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS WAS REQUIRED TO BE RECORDED. THE FRICK BELIEVES THAT IT IS NO LONGER SUBJECT TO EXAMINATION OF ITS TAX RETURNS FOR YEARS BEFORE 2013. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 260,688. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 260,688. PART V, ENDOWMENT FUNDS, QUESTION 2, ESTIMATED PERCENTAGE OF THE YEAR END: BOARD DESIGNATED OR QUASI-ENDOWMENT: 99.9995% PERMANENT ENDOWMENT: 0.0005% TERM ENDOWMENT: 0.0000% X X X X 0 0 0 0 0 0 0 1 0 ROBIN NICHOLSON DIRECTOR 202461 0 6000 0 888 0 12822 0 16050 0 238221 0 0 0 PART I, LINE 7 ROBIN NICHOLSON RECEIVED A $6,000 BONUS. X 7 216633 FAIR MARKET VALUE 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING TRUSTEES ARE LINEAL DESCENDANTS OF HENRY CLAY FRICK AND THEREFORE STAND IN A FAMILIAL RELATIONSHIP WITH ONE ANOTHER: EDWARD H. DANE, TRUSTEE; SUZZARA F.C. DUROCHER, TRUSTEE; VIRGINIA B. HART, TRUSTEE; ALIXINE O'MALLEY HAUCK, TRUSTEE; MARTHA CHACE LORING, TRUSTEE; AND RICHARD E. SYMINGTON, TRUSTEE. FORM 990, PART VI, SECTION B, LINE 11 THE DRAFT FORM 990, 990-T AND REQUIRED SCHEDULES ARE REVIEWED BY THE FRICK ART & HISTORICAL CENTER, INC.'S INTERNAL MANAGEMENT AS WELL AS THE AUDIT COMMITTEE. UPON COMPLETION OF THIS REVIEW, A COMPLETE COPY IS PROVIDED TO THE BOARD OF TRUSTEES IN ADVANCE OF FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, OFFICERS, DIRECTORS AND KEY EMPLOYEES RECEIVE A COPY OF THE FRICK ART & HISTORICAL CENTER, INC.'S CONFLICT OF INTEREST POLICY QUESTIONNAIRE AND DISCLOSURE FORM FOR COMPLETION. THE FORM INCLUDES REQUIREMENTS TO DISCLOSE POTENTIAL CONFLICTS THAT EXIST AT THE DATE OF COMPLETION AS WELL AS THE OBLIGATION BY THE INDIVIDUAL TO INFORM THE ORGANIZATION OF ANY POTENTIAL CONFLICTS THAT MAY ARISE IN THE FUTURE. THE COMPLETED AND SIGNED FORMS ARE REVIEWED BY THE FINANCE DEPARTMENT. ANY ITEMS OF NOTE ARE CALLED TO THE ATTENTION OF THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15A COMPARABILITY DATA REGARDING THE KEY EMPLOYEE'S COMPENSATION PACKAGE ARE REVIEWED, AND THE EMPLOYEE'S COMPENSATION IS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD, ALL OF WHOSE MEMBERS ARE INDEPENDENT OF ANY CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE, IN ACCORDANCE WITH STATE LAW, BY CONTACTING THE PA ATTORNEY GENERAL'S OFFICE. FINANCIAL STATEMENTS ARE PUBLISHED IN THE FRICK'S ANNUAL REPORT AND AVAILABLE TO THE PUBLIC THROUGH THE PITTSBURGH GIVES WEBSITE. GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE ALSO ALL AVAILABLE BY REQUEST AT THE FRICK'S OFFICE. FORM 990, PART XI, QUESTION 2C, OVERSIGHT OF FINANCIAL STATEMENT AUDIT: THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. IN ADDITION, THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT ASSUMES THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND ITS SELECTION OF THE INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART VII, EMERITUS TRUSTEES: THE FOLLOWING INDIVIDUALS SERVE AS EMERITUS TRUSTEES OF THE FRICK ART & HISTORICAL CENTER, INC. WITH NO VOTING RIGHTS: DAVID A. BROWNLEE, DANFORTH P. FALES, THOMAS J. GILLESPIE, JR., NANCY WASHINGTON. FORM 990, PART VI, SECTION A, QUESTION 1A, DELEGATING AUTHORITY: THE EXECUTIVE COMMITTEE SHALL AND MAY EXERCISE, DURING INTERVALS BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, ALL OF THE POWERS OF THE BOARD OF TRUSTEES EXCEPT THAT THE EXECUTIVE COMMITTEE SHALL NOT HAVE THE POWER TO AMEND OR REPEAL THESE BYLAWS OR TO ADOPT NEW BYLAWS; TO FILL VACANCIES IN, CHANGE THE NUMBER OF, OR REMOVE MEMBERS OF THE BOARD OF TRUSTEES; OR TO DISSOLVE, REMOVE MEMBERS OR CHANGE THE NUMBER OF, OR FILL VACANCIES IN, THE EXECUTIVE COMMITTEE; OR TO AMEND OR REPEAL ANY RESOLUTION OF THE BOARD OF TRUSTEES WHICH BY ITS TERMS SHALL NOT BE AMENDABLE OR REPEALABLE. ANY ACTIONS OF THE EXECUTIVE COMMITTEE SHALL BE RATIFIED BY THE BOARD OF TRUSTEES AT ITS MEETING NEXT FOLLOWING THE ACTION.