2013-11-22T05:32:48-08:00 2013-06-30 Foti Flynn Lowen & Co PC PO Box 12765 Roanoke VA 240282765 990 2012-07-01 546026841 TAUBMAN MUSEUM OF ART TAUB 5403425760 110 SALEM AVE SE ROANOKE VA 24011 DELLA WATKINS 2013-11-22 true FRANK B HANCOCK CPA P00005271 5403449246 2012 2015-11-30 17:44:51Z 6345981 false false X WWW.TAUBMANMUSEUM.ORG X 1951 VA SERVING THE DIVERSE COMMUNITIES OF OUR REGION, THE TAUBMAN MUSEUM OF ART ENGAGES ALL AUDIENCES THROUGH THE CELEBRATION AND ENJOYMENT OF THE CREATIVE PROCESS. IT IS COMMITTED TO EXCELLENCE IN ITS COLLECTION, SCHOLARSHIP, EDUCATION AND CREATIVE ACTIVITIES. OUR EMPHASIS IN ITS COLLECTION, SCHOLARSHIP, EDUCATION AND CREATIVE ACTIVITIES. OUR EMPHASIS IS ON AMERICAN ART AND REGIONAL CULTURE. THE INSTITUTE OF ART SPECIALIZES IN THE EXHIBITION, EDUCATION AND SCHOLARSHIP OF 19TH AND 20TH CENTURY AMERICAN ART. 13 13 34 25 0 2985503 5867564 162023 93734 150435 169519 91391 101223 3389352 6232040 0 0 1292296 1457392 0 735748 3746061 3252785 5038357 4710177 -1649005 1521863 54278913 52592181 3510974 237817 50767939 52354364 SERVING THE DIVERSE COMMUNITIES OF OUR REGION, THE TAUBMAN MUSEUM OF ART ENGAGES ALL AUDIENCES THROUGH THE CELEBRATION AND ENJOYMENT OF THE CREATIVE PROCESS. IT IS COMMITTED TO EXCELLENCE IN ITS COLLECTION, SCHOLARSHIP, EDUCATION AND CREATIVE ACTIVITIES. OUR EMPHASIS IN ITS COLLECTION, SCHOLARSHIP, EDUCATION AND CREATIVE ACTIVITIES. OUR EMPHASIS IS ON AMERICAN ART AND REGIONAL CULTURE. THE INSTITUTE OF ART SPECIALIZES IN THE EXHIBITION, EDUCATION AND SCHOLARSHIP OF 19TH AND 20TH CENTURY AMERICAN ART. false false 2990236 THE MUSEUM CONDUCTS AND SPONSORS ART CLASSES, LECTURES, SHOWS AND EXHIBITS, THEATRICAL AND MUSICAL PROGRAMS, FILM PRESENTATIONS AND WORKSHOPS TO STIMULATE ART APPRECIATION IN THE ROANOKE VALLEY AREA. 2990236 true true false false false false false true false true true false false false false true true false false false false false false false true false false false false true false false false false false false false false false false false true false false false false false false false false false true 40 0 false 34 true false false false false false true true true true false 0 false false false false false false false false false false X 13 13 true false false false false false false true false false false true true false false false true true false false X X KATHRYN GARVIN 5402044114 110 SALEM AVE SE ROANOKE VA 24011 X JEMMY TAUBMAN 2.00 0.00 X 0 0 0 BITTLE PORTERFIELD III 2.00 0.00 X 0 0 0 GARNETT SMITH 2.00 0.00 X 0 0 0 DEBBIE MEADE 2.00 0.00 X 0 0 0 STANARD F LANFORD 2.00 0.00 X 0 0 0 LEON P HARRIS 2.00 0.00 X 0 0 0 KENT S GREENAWALT 2.00 0.00 X 0 0 0 TAMMY FINLEY 2.00 0.00 X 0 0 0 NANCY HOWELL AGEE 2.00 0.00 X 0 0 0 WILLIAM J LEMON 2.00 0.00 X X 0 0 0 W HEYWOOD FRALIN 2.00 0.00 X X 0 0 0 NICHOLAS F TAUBMAN 2.00 0.00 X X 0 0 0 THE HONORABLE ONZLEE WARE 2.00 0.00 X 0 0 0 LINDA THORTON 2.00 0.00 X 0 0 0 SHEILA STRAUSS 2.00 0.00 X 0 0 0 ROGER POMMERENKE 2.00 0.00 X 0 0 0 DEBBIE MEADE 2.00 0.00 X 0 0 0 DR MARK MCNAMEE 2.00 0.00 X 0 0 0 TODD LEESON 2.00 0.00 X 0 0 0 DONNA KIRK 2.00 0.00 X 0 0 0 DR PAUL T FRANTZ 2.00 0.00 X 0 0 0 RUSS ELLIS 2.00 0.00 X 0 0 0 JOHN A CUMMINS 2.00 0.00 X 0 0 0 ABNEY S BOXLEY III 2.00 0.00 X 0 0 0 ROBERT G BENNETT 2.00 0.00 X 0 0 0 DAVID WINE 2.00 0.00 X X 0 0 0 DR THOMAS L MCKEON 2.00 0.00 X X 0 0 0 WILLIAM D ELLIOTT 2.00 0.00 X X 0 0 0 PATRICIA P KERMES 2.00 0.00 X X 0 0 0 DELLA WATKINS 50.00 0.00 X 60577 0 0 KIM WILLIAMSON 50.00 0.00 X 128175 0 8798 DAVID MICKENBERG 50.00 0.00 X 198860 0 23031 387612 31829 2 false true false SECURITAS SECURITY SERVICES USA INC PO BOX 403412 ATLANTA GA 303843412 SECURITY 222522 1 306426 23655 175050 5362433 3397644 5867564 Space Rentals 43701 43701 OTHER 6398 6398 EDUCATION PROGRAM FEES 29558 29558 ADMISSIONS 14077 14077 93734 46514 46514 0 0 0 119405 3600 119405 3600 123005 123005 130844 23655 52861 77983 37834 0 84320 61080 23240 23240 0 6232040 87336 236991 0 0 0 0 419441 70617 141235 207589 0 828246 603863 174245 50138 22997 17061 4973 963 92555 56269 18926 17360 94153 51784 23538 18831 0 66675 1890 64725 60 15900 15900 0 0 0 199 199 19967 17767 2200 36559 5914 29389 1256 62595 14532 13892 34171 0 243013 236592 5723 698 62142 55406 238 6498 0 0 0 0 1690023 929512 422506 338005 103296 103296 CONTRACTUAL SERVICES 75690 48858 24085 2747 REPAIRS & MAINTENANCE 107857 102548 5309 Printing and Publications 115463 103409 1185 10869 SECURITY SERVICES 227102 227102 426304 343816 35925 46563 4710177 2990236 984193 735748 1627 1105 340938 84853 83150 101900 0 0 0 0 59278 44853 32870 69502 58446799 8557005 51525318 49889794 1824058 2232083 411674 168091 0 0 0 54278913 52592181 287377 237817 3223597 3510974 237817 X 47688689 49485547 93916 103466 2985334 2765351 50767939 52354364 54278913 52592181 1521863 64562 X false true X true false X 10839533 16386953 1977640 2084722 5864564 37153412 0 0 10839533 16386953 1977640 2084722 5864564 37153412 21577243 15576169 89247 39125 46749 54995 46514 276630 0 0 37430042 1032696 0.41610 0.45730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X false 2242458 107082 201134 150500 2400174 2388134 24600 -21262 149014 2242458 2038775 52235 353324 56200 2388134 2291532 754731 227228 1234716 2038775 0.07770 0.92230 false false false 1353898 1353898 53950504 6628512 47321992 811975 532937 279038 2330422 1395556 934866 49889794 POOLED INVESTMENTS 55000 F X 6421752 64562 11209 113941 189712 6232040 6232040 4835327 11209 113941 125150 4710177 4710177 Part XII, Line 2d Part XII, Line 2d: Other expenses and losses per audited F/S STORE INVENTORY EXPENSE $61080 SPECIAL EVENT EXPENSES $52861 Part XI, Line 2d Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 STORE INVENTORY EXPENSE $61080 SPECIAL EVENT EXPENSES $52861 Part X Part X : FIN48 Footnote The Museum is tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code and is not classified as a private foundation. The Museum believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. There can be no assurance that the Museum's tax returns will not be challenged by the taxing authorities and that the Museum will not be subject to additional taxes, penalties and interest as a result of such a challenge. Should any such penalties and interest be incurred, the Museum's policy would be to recognize them as management and general expenses. With limited exceptions, the Museum is no longer subject to income tax examinations for any years earlier than 2010 for federal purposes. Part V, Line 4 Part V, Line 4: Intended uses of the endowment fund. The accessions endowment account was established in January 1984 by action of the Museum's Board of Trustees. The income generated by this account is to be used to fund the Museum's art accessions.The Shaftman account was established in December 1993 by action of the Museum's Board of Trustees. This account is to be used for the funding of the establishment and maintenance of the Rosalie and Sydney Shaftman Gallery and acquisition of decorative art. The account's income and principal, if necessary, may be used for the establishment of the Shaftman Gallery.Investments which are held by the Virginia Tech Foundation consist of pooled investments. The account was created through an agency agreement between the Museum and the Foundation. The capital operating endowment was established as part of the capital campaign for an unrestricted operating endowment fund. Proceeds are accounted for separately and earnings are used for unrestricted operating purposes. The Peggy MacDowell Thomas endowment was established for the establishment and maintenance of the Peggy MacDowell Thomas Gallery. Earnings to the extent not needed for the gallery are used for unrestricted operating purposes. Part III, Line 1a Part III, Line 1a: If organization elected under SFAS 116 to not report are, historical treasures, o The Museum's art collection as of June 30, 2013 consists of 2,155 objects. These range from a growing number of works by internationally renowned American artists to works reflecting the history and aesthetic tastes of the region. The collection is inventoried annually, and is protected round the clock by various alarm systems and gallery security staff. The Museum has elected, as permitted by standards, not to capitalize its art collection. The cost of all objects purchased is reported separately as a decrease in unrestricted net assets. For the year ended June 30, 2012, purchases of art objects amounted to $-0-. X X X X X X X false ART OF GOLF 57489 20855 36634 15579 1297 SIDEWALK ART SHOW 57237 2800 54437 8192 400 286 5410 1 39773 39773 456 886 10837 125 9393 154499 23655 130844 8192 456 16865 11123 125 16100 52861 77983 false false false false false false false false false false DAVID MICKENBERG 180000 18860 7200 15831 221891 X 4 10194 COMPARABLE SAL X COMPUTERS 1 3000 COMPARABLE SAL X FORGIVENESS OF 5 253908 COST X FORGIVENESS OF DEBT 1 124536 COST X FORGIVENESS OF DEBT 1 250499 COST X FORGIVENESS OF DEBT 1 2505008 COST X FORGIVENESS OF DEBT 1 250499 COST false false false Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available The organization will provide financial statements upon written request to the executive director. Form 990, Part VI, Line 18 Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection The 990 is made available on the Museum's website. Form 990, Part VI, Line 15a Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management The American Alliance of Museums (AAM)produces an annual salary study of all types of museums across the county by size, region and size of budget. The Taubman Museum of Art uses this study to set salary levels and ranges for all employees. The Board reviewed the AAM study to determine the appropriate rates of compensation for the new Executive Director and decided on a level that met AAM standards. Form 990, Part VI, Line 11b Form 990, Part VI, Line 11b: Form 990 Review Process REVIEWED BY AUDIT COMMITTEE WHICH RECOMMENDS APPROVAL OR DISAPPROVAL TO THE FULL BOARD OF TRUSTEES. THE BOARD REVIEWS THE 990, AND THE CFO DIRECTS TRUSTEES TO REVIEW THE QUESTIONS IN PARTICULAR TO ENSURE ALL BOARD MEMBERS ARE AWARE OF THE ANSWERS BEING PROVIDED. THE EXECUTIVE DIRECTOR SIGNS THE APPROVED DOCUMENT AFTER THIS REVIEW. Form 990, Part VI, Line 2 Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et NICHOLAS AND JENNY TAUBMAN ARE MARRIED