2012-05-15T17:59:33-05:00 2011-06-30 GALUSHA HIGGINS & GALUSHA PC 777 EAST MAIN STE 201 BOZEMAN MT 59715 990 2010-07-01 810478307 EMERSON CENTER FOR ARTS AND CULTURE EMER 4065803511 111 S GRAND BOZEMAN MT 597155037 SUSAN DENSON-GUY 4065803511 2012-04-27 1 ROBBYN YAGER CPA 4065862386 2012-04-07 2010 2016-02-24 21:20:13Z SUSAN DENSON-GUY 111 S GRAND BOZEMAN MT 59715 686925 0 X WWW.THEEMERSON.ORG X 1992 MT THE MISSION OF THE EMERSON CENTER FOR THE ARTS & CULTURE IS TO SERVICE AS A PRIMARY RESOURCE FOR THE ARTS, ARTS EDUCATION AND CULTURAL ACTIVITIES IN SOUTHWEST MONTANA BY (1)STIMULATING AND CELEBRATING THE ARTS IN ALL ITS FORMS (2) FOSTERING LIFELONG APPRECIATION AND UNDERSTANDING OF ARTS AND CULTURE (3) BUILDING COMMUNITY AND ECONOMIC DEVELOPMENT AMONG CREATIVE ENTERPRISES, BUSINESSES AND CIVIC ORGANIZATIONS. 11 11 21 0 -957 -360 133511 149899 488499 450181 4551 6166 0 18135 626561 624381 0 0 0 0 241803 288416 0 0 29418 351541 341829 593344 630245 33217 -5864 1714388 1700649 723907 703947 990481 996702 X THE MISSION OF THE EMERSON CENTER FOR THE ARTS & CULTURE IS TO SERVICE AS A PRIMARY RESOURCE FOR THE ARTS, ARTS EDUCATION AND CULTURAL ACTIVITIES IN SOUTHWEST MONTANA BY (1)STIMULATING AND CELEBRATING THE ARTS IN ALL ITS FORMS (2) FOSTERING LIFELONG APPRECIATION AND UNDERSTANDING OF ARTS AND CULTURE (3) BUILDING COMMUNITY AND ECONOMIC DEVELOPMENT AMONG CREATIVE ENTERPRISES, BUSINESSES AND CIVIC ORGANIZATIONS. 0 0 406785 410604 TENANT AND PUBLIC SPACE RENTAL: (1) ARTISTS (2) ARTS-RELATED BUSINESSES (3) NON-PROFIT ORGANIZATIONS APPROXIMATELY 46 USERS 58759 26133 ART EDUCATION THROUGH CLASSES AND WORKSHOPS TAUGHT BY WORKING ARTISTS-TEACHERS, INCLUDING ARTISTS EXHIBITING WORK IN THE EMERSON'S CONTEMPORARY ART GALLERIES. CLASSES AND WORKSHOPS ARE EXHIBIT-INSPIRED, COMMUNITY-BASED, AND INTERDISCIPLINARY EXPLORATIONS OF PAINTING, DRAWING, SCULPTURE, MIXED MEDIA, PRINTMAKING, CERAMICS, AND NEW GENRE. 53944 13444 THE EMERSON IS COMMITTED TO DEEPENING THE UNDERSTANDING OF THE VISUAL ARTS THROUGH EDUCATIONAL OUTREACH ASSOCIATED WITH ITS EXHIBITS. THE EMERSON CURATES AND HOSTS ART EXHIBITIONS OF SIGNIFICANT COMMUNITY VALUE. EMERGING AND ESTABLISHED CONTEMPORARY ARTISTS OF REGIONAL AND NATIONAL RECOGNITION EXHIBIT THEIR WORK REPRESENTING BOTH TRADITIONAL AND INNOVATIVE TECHNIQUES, MEDIA AND CONTENT WITH THE INTENT OF APPEALING TO DIVERSE AUDIENCES. 519488 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 10 0 1 21 1 1 1 0 0 0 0 1 1 0 0 0 0 0 X 11 11 1 0 0 0 1 1 1 1 1 0 0 1 0 0 0 1 1 0 X EMERSON CENTER FOR ARTS AND CULTURE 4065879797 111 S GRAND AVENUE BOZEMAN MT 59715 RON MATELICH 2.00 X X 0 0 0 DAWN POINDEXTER 2.00 X X 0 0 0 BRITT BODTKER 2.00 X X 0 0 0 MAUREEN HULL 2.00 X X 0 0 0 FRAN NOEL 2.00 X 0 0 0 KEN VANDEWALLE 2.00 X 0 0 0 DEBORAH MCCAULEY 2.00 X 0 0 0 CHRISTIE COPELAND 2.00 X 0 0 0 VAUGHAN JUDGE 2.00 X 0 0 0 KATE JO 2.00 X 0 0 0 TATE CHAMBERLIN 2.00 X 0 0 0 LARRY LOSTY 2.00 X 0 0 0 TERRI LOSTY 2.00 X 0 0 0 JEANE GARRITY 40.00 X 43800 0 0 43800 0 0 0 0 0 0 0 11906 23680 114313 149899 TENANT & PUBLIC SPACE 711300 398990 398990 PROGRAM 711300 39577 39577 SPECIAL EVENTS 711300 11614 11614 450181 6166 6166 35079 36036 -957 -957 -957 45600 23680 26508 19092 19092 624381 450181 -957 25258 43800 43800 217894 200055 6479 11360 90 90 26632 20228 5084 1320 16325 11860 3688 777 9106 9106 7433 1035 5322 1076 30686 16547 9070 5069 350 350 144610 144610 428 428 38128 37010 1118 61240 58158 3082 35460 33782 1678 EXHIBIT EXPENSES 13347 13347 BAD DEBTS 9786 9786 SPECIAL EVENTS 5873 5873 OTHER FUNDRAISING EXPEN 3943 3943 MEMBERSHIP 1150 1150 -36036 -36036 630245 519488 81339 29418 108079 114577 48050 23880 34132 42127 10517 8884 1988235 586315 1413921 1401920 99689 109261 1714388 1700649 40894 21019 4570 2000 652381 631715 26062 49213 723907 703947 X 829738 828890 73757 68005 86986 99807 990481 996702 1714388 1700649 X -5864 12085 X 1 0 1 X 0 X 280128 235935 218086 133511 149899 1017559 388250 428708 440954 488499 450181 2196592 668378 664643 659040 622010 600080 3214151 0 27122 18938 46060 27122 18938 46060 3168091 6827 5499 2214 4551 6166 25257 6827 5499 2214 4551 6166 25257 675205 670142 661254 626561 606246 3239408 0.97800 0.99350 0.00780 0.00650 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 86796 12821 99617 79459 7337 86796 1.00000 1 0 107896 107896 1815700 547563 1268137 64639 38752 25887 1401920 BENEFICIAL INTEREST HELD BY OTHERS - ENDOWMENT 99807 LOAN ORIGINATION FEES, NET 6838 DEPOSIT FOR SELF INSURANCE 2616 109261 KEY AND RENT DEPOSITS 26405 INSURANCE PROCEEDS 22808 49213 624381 630245 -5864 12085 12085 6221 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE CENTER APPLIES ASC 740 FOR RECOGNITION OF UNCERTAINTY IN INCOME TAXES AND PRESCRIBING A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. IN THE COURSE OF ITS ASSESSMENT THE CENTER HAS DETERMINED THAT IT IS SUBJECT TO EXAMINATION OF THEIR INCOME TAX FILINGS IN THE UNITED STATES FOR THE YEARS 2005 THROUGH 2010. THE CENTER WOULD RECOGNIZE INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE SHOULD THEY OCCUR. THERE WAS NO INTEREST OR PENALTIES RELATED TO INCOME TAXES IN 2011 AND 2010. CELEBRATION OF THE ARTS 69280 23680 45600 10083 620 15805 69280 23680 45600 10083 620 15805 26508 19092 FORM 990, PART VI, SECTION A, LINE 2 TWO OF THE CURRENT BOARD MEMBERS ARE MARRIED. FORM 990, PART VI, SECTION A, LINE 6 THE CENTER HAS MEMBERS WHO PAY AN ANNUAL MEMBERSHIP FEE AND ELECT THE BOARD OF DIRECTORS, THE OFFICERS AND APPROVE BYLAW CHANGES. FORM 990, PART VI, SECTION A, LINE 7A PROSPECTIVE BOARD MEMBERS ARE RECRUITED THRU VARIOUS PROCESSES, GENERALLY SOMEONE ON THE BOARD KNOWS OF SOMEONE WITH INTEREST OR SKILL SUITABLE FOR THE BOARD, PROSPECT IS VETTED OVER LUNCH WITH EXPERIENCED BOARD MEMBERS, MEETS WITH EXECUTIVIE DIRECTOR AND GETS A TOUR OF THE FACILITY, AND THEN ATTENDS AT LEAST ONE BOARD MEETING TO MEET OTHER BOARD MEMBERS. IF MUTUALLY SATISFIED, THE MEMBER IS PUT ON THE BALLOT AT THE NEXT ANNUAL MEETING FOR ELECTION BY THE ENTIRE MEMBERSHIP. BALLOTS ARE MAILED IN ADVANCE TO MEMBERSHIP, MEMBERS CAN ELECT PROXY TO EXERCISE THEIR BALLOT AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS APPROVE ANY CHANGES TO BYLAWS. FORM 990, PART VI, SECTION B, LINE 11 IN PAST 990 PREPARED BY INDEPENDENT ACCOUNTING FIRM THAT PERFORMED ANNUAL REVIEW AND SIGNED BY EXECUTIVE DIRECTOR. THIS 990 AND ALL FUTURE 990'S WILL BE PREPARED BY IAF, SUBMITTED TO FINANCE COMMITTEE OF BOARD OF DIRECTORS WHO WILL REVIEW AND THEN SUBMIT TO ENTIRE BOARD OF DIRECTORS FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 15 REVIEWED BY EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE EMERSON PROVIDES AN ANNUAL FINANCIAL AND ACTIVITY REPORT TO ALL MEMBERS BASED ON FINANCIAL STATEMENTS WHICH ARE REVIEWED BY ITS INDEPENDENT CPA FIRM. GOVERNING DOCUMENTS ARE AVAILABLE ON REQUEST BY THE PUBLIC. ANY REQUESTED CHANGES ARE SUBMITTED TO THE MEMBERSHIP AT ITS ANNUAL MEETING FOR APPROVAL. THE MEMBERSHIP IS NOTIFIED BY MAIL OF THE TIME AND DATE OF THE ANNUAL MEETING. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 12,085.