2016-05-16T16:39:58-05:00 2015-06-30 911194016 CLARK NUBER PS 10900 NE 4TH STREET SUITE 1700 BELLEVUE WA 98004 990 2014-07-01 910640788 SEATTLE ART MUSEUM SEAT 2066258900 1300 FIRST AVENUE SEATTLE WA 981012003 RICHARD BECKERMAN CHIEF OPERATING OFFICER 2066258900 2016-05-16 1 JANE M SEARING P00000565 4254544919 2016-05-16 2014 2016-08-17 19:52:53Z KIMERLY RORSCHACH 1300 FIRST AVENUE SEATTLE WA 981012003 102726980 0 X WWW.SEATTLEARTMUSEUM.ORG X 1917 WA TO PROMOTE AND CULTIVATE THE FINE ARTS. 70 70 344 643 280940 -66040 22110874 38170961 3806737 3452335 6059397 8359964 5434658 4131469 37411666 54114729 0 0 0 0 12819784 11827819 4900 63050 2215795 19870298 18823718 32694982 30714587 4716684 23400142 281717348 294168897 12654579 10619385 269062769 283549512 X THROUGH ART, THE SEATTLE ART MUSEUM ENRICHES LIVES AND ENGAGES DIVERSE COMMUNITIES. AS THE LEADING VISUAL ARTS INSTITUTION IN THE PACIFIC NORTHWEST, SAM DRAWS ON ITS GLOBAL COLLECTIONS, POWERFUL EXHIBITIONS, AND DYNAMIC PROGRAMS TO PROVIDE UNIQUE EDUCATION RESOURCES BENEFITTING THE SEATTLE REGION, THE PACIFIC NORTHWEST, AND BEYOND. 0 0 21493095 3863913 MUSEUM SERVICES: PROVIDING A PUBLIC ART MUSEUM INCLUDING THE ACCESSION OF ART OBJECTS AS WELL AS PUBLIC ART EXHIBITIONS AND ART EDUCATION FOR THE GENERAL PUBLIC. MUSEUM PATRONS VISITED THIS YEAR AT THREE DIFFERENT SEATTLE LOCATIONS- THE SEATTLE ART MUSEUM, THE SCULPTURE PARK AND THE ASIAN ART MUSEUM. 21493095 1 1 0 1 0 0 0 1 0 1 1 1 0 1 1 0 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 260 0 1 344 1 1 1 0 0 0 0 1 1 0 0 0 0 X 70 70 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 WA X RICHARD BECKERMAN 2066258900 1300 FIRST AVENUE SEATTLE WA 98101 JOHN FRANK CHAIRMAN 1.00 X X 0 0 0 WINNIE STRATTON PRESIDENT 1.00 X X 0 0 0 SUSAN BROTMAN VICE-PRESIDENT 1.00 X X 0 0 0 BARNEY EBSWORTH VICE-PRESIDENT 1.00 X X 0 0 0 JON SHIRLEY VICE-PRESIDENT 1.00 X X 0 0 0 STEWART LANDEFELD SECRETARY 1.00 X X 0 0 0 MICHAEL CORLISS TREASURER 1.00 X X 0 0 0 CHARLES WRIGHT TRUSTEE 1.00 X 0 0 0 MAGGIE WALKER TRUSTEE 1.00 X 0 0 0 MARGARET ALLISON TRUSTEE 1.00 X 0 0 0 WATSON BLAIR TRUSTEE 1.00 X 0 0 0 BRUCE BLUME TRUSTEE 1.00 X 0 0 0 JEFF BROTMAN TRUSTEE 1.00 X 0 0 0 CLIFF BURROWS TRUSTEE 1.00 X 0 0 0 BRAD DAVIS TRUSTEE 1.00 X 0 0 0 DINO DE VITA TRUSTEE 1.00 X 0 0 0 PAMELA EBSWORTH TRUSTEE 1.00 X 0 0 0 SHEILA EDWARDS LANGE TRUSTEE 1.00 X 0 0 0 JOSE GAITAN TRUSTEE 1.00 X 0 0 0 MARK GROUDINE TRUSTEE THRU FALL 2014 1.00 X 0 0 0 LYN GRINSTEIN TRUSTEE 1.00 X 0 0 0 BETTY HEDREEN TRUSTEE 1.00 X 0 0 0 AYA HAMILTON TRUSTEE 1.00 X 0 0 0 SUSAN HUTCHINSON TRUSTEE 1.00 X 0 0 0 PHILIP ISLES TRUSTEE 1.00 X 0 0 0 ROBERT KAPLAN TRUSTEE 1.00 X 0 0 0 JANET KETCHAM TRUSTEE 1.00 X 0 0 0 SAM KETCHAM TRUSTEE 1.00 X 0 0 0 STEPHEN KUTZ TRUSTEE 1.00 X 0 0 0 NAJMA LALJI TRUSTEE 1.00 X 0 0 0 BARBARA MALONE TRUSTEE 1.00 X 0 0 0 GWEN MCCAW TRUSTEE 1.00 X 0 0 0 SCOTT MORRIS TRUSTEE 1.00 X 0 0 0 CHRISTINE NICOLOV TRUSTEE 1.00 X 0 0 0 CHARLES NOLAN TRUSTEE 1.00 X 0 0 0 LINDA NORDSTROM TRUSTEE 1.00 X 0 0 0 SALLY NORDSTROM TRUSTEE 1.00 X 0 0 0 MICHAEL PARHAM TRUSTEE 1.00 X 0 0 0 BRANDON PEDERSON TRUSTEE 1.00 X 0 0 0 LAURA PETERSON TRUSTEE 1.00 X 0 0 0 TIM PUNKE TRUSTEE 1.00 X 0 0 0 BROOKS RAGEN TRUSTEE 1.00 X 0 0 0 CONSTANCE RICE TRUSTEE 1.00 X 0 0 0 KIM RICHTER TRUSTEE 1.00 X 0 0 0 CATHERINE ROCHE TRUSTEE 1.00 X 0 0 0 LEE ROLFE TRUSTEE 1.00 X 0 0 0 STERLING SANKEY TRUSTEE 1.00 X 0 0 0 DAVID SANTILLANES TRUSTEE 1.00 X 0 0 0 FAYE SARKOWSKY TRUSTEE 1.00 X 0 0 0 ROBERTA SHERMAN TRUSTEE 1.00 X 0 0 0 GURSHARAN SIDHU TRUSTEE 1.00 X 0 0 0 PRESTON SINGLETARY TRUSTEE 1.00 X 0 0 0 GREG SMITH TRUSTEE THRU FALL 2014 1.00 X 0 0 0 ROBERT STRONG TRUSTEE 1.00 X 0 0 0 INA TATEUCHI TRUSTEE 1.00 X 0 0 0 LYNN THOMSEN TRUSTEE 1.00 X 0 0 0 VIJAY VASHEE TRUSTEE 1.00 X 0 0 0 MANDIRA VIRMANI TRUSTEE 1.00 X 0 0 0 MAGGIE WALKER TRUSTEE 1.00 X 0 0 0 BRIAN WINEKE TRUSTEE 1.00 X 0 0 0 SUSAN WINOKUR TRUSTEE 1.00 X 0 0 0 CURTIS WONG TRUSTEE 1.00 X 0 0 0 VIRGINIA WRIGHT TRUSTEE 1.00 X 0 0 0 ANN P WYCKOFF TRUSTEE 1.00 X 0 0 0 MARTHA WYCKOFF TRUSTEE 1.00 X 0 0 0 EVE ALORD TRUSTEE 1.00 X 0 0 0 GARY GRANT TRUSTEE 1.00 X 0 0 0 SYLVIA KETCHAM TRUSTEE 1.00 X 0 0 0 CHARLENE LEE TRUSTEE 1.00 X 0 0 0 CARLA LEWIS TRUSTEE 1.00 X 0 0 0 DOUG NORBERG TRUSTEE 1.00 X 0 0 0 STAN SAVAGE TRUSTEE 1.00 X 0 0 0 KIMERLY RORSCHACH EXECUTIVE DIRECTOR 40.00 X 503834 0 20806 RICHARD BECKERMAN CHIEF OPERATING OFFICER 40.00 X 129443 0 2474 CHRIS LANDMAN DIRECTOR OF DEVELOPMENT 40.00 X 170706 0 6164 CHIYO ISHIKAWA DEPUTY DIRECTOR OF ART 40.00 X 131519 0 12674 NICHOLAS DORMAN CHIEF CONSERVATOR 40.00 X 114143 0 11469 BERNEL GOLDBERG LEGAL COUNSEL 40.00 X 112770 0 3188 LAUREN MELLON DIRECTOR OF MUSEUM SERVICE 40.00 X 110755 0 11341 1273170 0 68116 7 0 1 0 GUARDSMARK FILE 6498 LOS ANGELES CA 90074 SECURITY 589229 SELLEN CONSTRUCTION PO BOX 9970 SEATTLE WA 98109 CONSTRUCTION 270622 BON APPETIT FILE 50196 LOS ANGELES CA 90074 CATERING 226787 CAMBRIDGE ASSOCIATES 125 HIGH STREET BOSTON MA 02110 ALT. INVESTMENT DUE DILIGENCE 223013 CONVERGINT TECHNOLOGIES 35257 EAGLE WAY CHICAGO IL 60678 ENGINEERING 213753 9 1031527 4159583 804559 601004 31574288 9674822 38170961 ADMISSIONS 900099 2292386 2292386 EDUCATIONAL PROGRAMS 900099 758201 758201 MEMBERSHIP DUES 900099 360268 360268 PUBLICATIONS 900099 41480 41480 3452335 2121389 59258 2062131 17725 17725 6667321 3531120 3136201 3136201 3136201 50392527 44153952 6238575 6238575 6238575 171025 804559 220207 -49182 -49182 1242261 706972 535289 411578 123711 CATERING 722320 148910 73085 75825 ART DEACCESSION 900099 136326 136326 REFUNDS 900099 65912 65912 140288 24886 115402 491436 54114729 3863913 280940 11798915 926355 542865 202259 181231 8914223 6655642 1432278 826303 372589 239131 106283 27175 842148 638082 119559 84507 772504 569932 126945 75627 71018 1129 69790 99 99060 95202 3858 22150 22150 63050 63050 424059 424059 1390202 1443339 -109059 55922 659601 582222 16579 60800 2631373 1812166 214584 604623 63806 1524 62282 6303618 6005882 297736 319374 303604 4325 11445 3589823 251729 3338094 743683 260391 483292 ART ACCESSIONS 1639797 1639797 CATERING 395476 167519 18618 209339 EXHIBITIONS 371978 340595 20596 10787 98700 37546 60125 1029 30714587 21493095 7005697 2215795 8591434 8393705 2206298 1877151 10946285 29728665 478996 231789 826963 682619 704831 1270236 166783908 47325400 118585013 119458508 69377562 69621974 42723406 36383704 27276560 26520546 281717348 294168897 1397048 1569215 1407234 1373923 8083948 6326435 1766349 1349812 12654579 10619385 X 27623020 26098584 128537687 130266541 112902062 127184387 269062769 283549512 281717348 294168897 X 23400142 -8655237 -258162 X 0 1 X 1 0 X 21972178 12311263 25230990 22053524 38170961 119738916 21972178 12311263 25230990 22053524 38170961 119738916 33187257 86551659 6210290 7386905 8390431 8057849 8747177 38792652 223203 140059 231758 595020 183354 317611 469293 773309 393465 2137032 161263620 26570639 0.53670 0.61800 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: PARKING GARAGE - 2010 AMOUNT: $ 40,822. 2011 AMOUNT: $ 41,063. 2013 AMOUNT: $ 75,757. 2014 AMOUNT: $ 74,660. REIMBURSEMENTS - 2010 AMOUNT: $ 76,873. 2011 AMOUNT: $ 46,847. 2012 AMOUNT: $ 50,837. 2013 AMOUNT: $ 181,921. 2014 AMOUNT: $ 65,912. MISCELLANEOUS - 2010 AMOUNT: $ 65,659. 2011 AMOUNT: $ 229,701. 2012 AMOUNT: $ 418,456. 2013 AMOUNT: $ 439,538. 2014 AMOUNT: $ 177,068. CATERING - 2013 AMOUNT: $ 76,093. 2014 AMOUNT: $ 75,825. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22150 22150 35150736 35172886 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 3504 12052 22150 37706 250000 250000 250000 250000 1000000 1500000 X X X X 0 114256883 293934 -396775 5847155 424059 107882828 99557406 5465469 14910283 5263277 412998 114256883 93887412 361617 10856159 5206879 340903 99557406 101789571 786654 -3262209 5064760 361844 93887412 91480040 655516 17676244 7816621 205608 101789571 0.00000 0.92740 0.07260 0 0 17797741 17797741 68161665 15376290 52785375 22849230 4624933 18224297 19297776 11184327 8113449 38677496 16139850 22537646 119458508 PRIVATE EQUITY 3634493 F MARKETABLE ALTERNATIVES 22851263 F REAL ASSETS 9897948 F 36383704 PREPAID LEASES 636998 INCENTIVE TO LESSEE 6256843 DEFERRED FACILITY RENTAL 9106552 FUNDS HELD IN TRUST BY OTHERS 10520153 26520546 PENSION LIABILITY 1349812 1349812 49582150 -8655237 224744 -8430493 58012643 424059 -4321973 -3897914 54114729 35095407 224744 4580135 4804879 30290528 424059 424059 30714587 PART III, LINE 1A: ART OBJECTS ARE EXPENSED WHEN PURCHASED AND THEREFORE NOT SHOWN AS ASSETS ON THE BALANCE SHEET. ART OBJECTS PLEDGED OR DONATED TO THE MUSEUM ARE NOT RECORDED FOR FINANCIAL ACCOUNTING PURPOSES AND, ACCORDINGLY, ARE NOT INCLUDED AS CONTRIBUTED REVENUE IN THE STATEMENT OF ACTIVITIES OR AS RECEIVABLES ON THE BALANCE SHEET. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED IN THE STATEMENT OF ACTIVITIES BASED ON THE EXISTENCE AND NATURE OF DONOR-IMPOSED RESTRICTIONS. PART III, LINE 4: THE MUSEUM'S COLLECTION OF PAINTINGS, SCULPTURES AND OTHER WORKS OF ART PROMOTE AND CULTIVATE THE FINE ARTS THROUGH PUBLIC EXHIBITION, EDUCATIONAL PROGRAMMING AND SCHOLARLY RESEARCH. PART V, LINE 4: TO SUPPORT EXHIBITIONS, ART EDUCATION, ART ACQUISITIONS AND GENERAL OPERATIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES -220,207. RENTAL EXPENSES -3,531,120. COST OF GOODS SOLD -706,972. ART DEACCESSION PROCEEDS 136,326. PART XII, LINE 2D - OTHER ADJUSTMENTS: ART DEACCESSION PROCEEDS REPORTED ON FORM 990, PART VIII -136,326. SPECIAL EVENT EXPENSES REPORTED ON FORM 990, PART VIII 220,207. RENTAL EXPENSES REPORTED ON FORM 990, PART VIII 3,531,120. COST OF GOODS SOLD REPORTED ON FORM 990, PART VIII 706,972. LOSS ON PRIOR YEAR PLEDGES REPORTED ON FORM 990, PART XI 258,162. X X X X X X X 1 LUKENS COMPANY 2800 SHIRLINGTON ROAD 9TH FLOOR ARLINGTON VA 22206 DIRECT MAIL, ONLINE AND E-MAIL MEMBERSHIP CAMPAIGNS 0 0 63050 -63050 63050 -63050 WA PARTY IN THE PARK 586843 504193 82650 99155 69232 DESIGNER PREVIEW 192705 136205 56500 1547 4345 5 196036 164161 31875 38949 6979 975584 804559 171025 139651 80556 220207 -49182 X X X X 0 0 0 0 0 0 0 0 1 0 KIMERLY RORSCHACH EXECUTIVE DIRECTOR 503834 0 0 0 0 0 15600 0 5206 0 524640 0 0 0 CHRIS LANDMAN DIRECTOR OF DEVELOPMENT 170706 0 0 0 0 0 1342 0 4822 0 176870 0 0 0 PART I, LINE 8 KIMERLY RORSCHACH'S INITIAL CONTRACT CONTINUES TO BE IN EFFECT AND NO SUBSTANTIAL CHANGES HAVE BEEN MADE. X 223 N/A X 40 4141968 FAIR MARKET VALUE X SOFTWARE 1 5495179 FAIR MARKET VALUE X BEVERAGES 3 37675 FAIR MARKET VALUE 2 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. PART I, LINE 33: NO REVENUE REPORTED PER SFAS 116. GIFTS OF ART AND BOOKS TO THE MUSEUM'S SPECIAL COLLECTION ARE NOT CAPITALIZED OR RECORDED FOR FINANCIAL ACCOUNTING PURPOSES AND, ACCORDINGLY, ARE NOT INCLUDED AS CONTRIBUTED REVENUE IN THE STATEMENT OF ACTIVITIES OR AS RECEIVABLES ON THE BALANCE SHEET. FORM 990, PART I, LINE 6: VOLUNTEERS PROVIDE CUSTOMER SERVICE, SUPPORTING ADMINISTRATIVE TASKS AND WORK WITH SPECIFIC AUDIENCES TO FACILITATE ART EXPERIENCES. ALL BOARD MEMBERS ARE ALSO VOLUNTEERS. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIR, THE PRESIDENT, EACH VICE PRESIDENT, THE SECRETARY, THE TREASURER, THE IMMEDIATE PAST CHAIR, THE IMMEDIATE PAST PRESIDENT, EACH STANDING COMMITTEE CHAIR AND OTHER AT-LARGE MEMBERS OF THE BOARD OF TRUSTEES, RECOMMENDED BY THE PRESIDENT AND APPOINTED BY THE BOARD. THE TOTAL MEMBERSHIP OF THE EXECUTIVE COMMITTEE IS NO LESS THAN SEVEN (7) AND NO MORE THAN TWENTY (20) MEMBERS. THE EXECUTIVE COMMITTEE HAS ALL OF THE POWERS OF THE BOARD OF TRUSTEES BETWEEN BOARD MEETINGS SUBJECT TO THE LIMITATIONS SET FORTH IN THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 2 ROBERT STRONG AND BROOKS RAGEN HAVE A BUSINESS RELATIONSHIP. SUSAN BROTMAN AND JEFFREY BROTMAN HAVE A FAMILY RELATIONSHIP. VIRGINIA WRIGHT AND CHARLES WRIGHT HAVE A FAMILY RELATIONSHIP. ANN WYCKOFF AND MARTHA WYCKOFF HAVE A FAMILY RELATIONSHIP. JANET KETCHAM, SYLVIA KETCHAM AND SAM KETCHAM HAVE A FAMILY RELATIONSHIP. BROOKS RAGEN AND JON SHIRLEY HAVE A BUSINESS RELATIONSHIP. MICHAEL CORLISS AND DOUG NORBERG HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 THE MUSEUM'S BOARD HAS ENTRUSTED THE AUDIT COMMITTEE WITH REVIEWING THE DRAFT FORM 990 IN DETAIL. THE AUDIT COMMITTEE MAKES RECOMMENDATIONS FOR CHANGES OR APPROVAL TO THE EXECUTIVE COMMITTEE. DUE TO THE SIZE AND COMPLEXITY OF THE ORGANIZATION'S BOARD, A COPY OF THE RETURN IS NOT PROVIDED TO EACH BOARD MEMBER BEFORE FILING; HOWEVER, EACH BOARD MEMBER IS NOTIFIED THAT HE OR SHE CAN REVIEW A COPY OF THE RETURN IF INTERESTED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY APPLIES TO STAFF AND VOLUNTEERS. A DETERMINATION OF WHETHER A CONFLICT OF INTEREST EXISTS IS MADE BY THE BOARD'S AUDIT COMMITTEE IN CONJUNCTION WITH THE MUSEUM'S SENIOR MANAGEMENT TEAM. WHEN AN ACTUAL CONFLICT IS DETERMINED TO EXIST, THE SPECIFICS OF THE CONFLICT ARE REVIEWED BY THE AUDIT COMMITTEE OR SENIOR MANAGEMENT TEAM. ANYONE WITH A CONFLICT OF INTEREST MUST RECUSE THEMSELVES FROM DISCUSSION AND THE DECISION MAKING PROCESS IN WHATEVER CAPACITY THEY MAY HAVE AUTHORITY OVER THE DECISION. IF THE CONFLICTED INDIVIDUAL IS A VOTING MEMBER OF THE BOARD, THEY WILL RECUSE THEMSELVES FROM DISCUSSION AND VOTING ON MATTERS WHERE THEY ARE CONFLICTED. FORM 990, PART VI, SECTION B, LINE 15A THE MUSEUM'S COMPENSATION COMMITTEE, A SUBSET OF THE BOARD OF DIRECTORS, IS RESPONSIBLE FOR THE SETTING OF AND ANNUAL REVIEW OF THE EXECUTIVE DIRECTOR'S COMPENSATION. THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES ANNUALLY REVIEWS THE COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR AND USES COMPENSATION SURVEY DATA. THE ANNUAL BUDGET INCLUDING THIS ARRANGEMENT IS THEN APPROVED BY THE ENTIRE BOARD BASED ON RECOMMENDATIONS FROM THE EXECUTIVE COMMITTEE. THERE IS CONTEMPORANEOUS SUBSTANTIATION OF THIS DELIBERATION AND DECISION. GENERALLY, THE EXECUTIVE DIRECTOR DETERMINES THE SALARY FOR THE CHIEF OPERATING OFFICER AND VICE DIRECTOR. THE LAST COMPENSATION REVIEW OCCURRED IN JUNE 2014. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS ON PRIOR YEAR PLEDGES -258,162.