2011-05-12T09:39:29-07:00 2010-06-30 990 2009-07-01 131624012 The Frick Collection FRIC 2122880700 1 East 70th Street New York NY 10021 Michael J Paccione 2011-05-12 2009 2016-02-24 21:20:13Z Anne L Poulet c/o Frick Collection 1 E 70th New York NY 10021 123468241 false false X www.frick.org X 1920 NY The Collection operates an internationally recognized art museum and art historical research center for the inspiration and enjoyment of the public and for the advancement of the study of fine arts and kindred subjects. 17 17 239 27 0 10206602 6439707 3124883 3394832 -11546948 7048284 809441 832970 2593978 17715793 106003 76601 0 13932827 15076865 38412 0 1432725 11420003 9936304 25497245 25089770 -22903267 -7373977 225611723 241970775 8944882 9215526 216666841 232755249 The Collection operates an internationally recognized art museum and art historical research center for the inspiration and enjoyment of the public and for the advancement of the study of fine arts and kindred subjects. false false 8001157 4531438 Museum ProgramThe museum program of the Collection maintains and conserves over 1,100 works of art. The permanent art collection is made accessible to the public through research, exhibitions and publications. The Collection's conservation department is responsible for the conservation, treatment and technical study of objects in the permanent collection, as well as preservation issues for both the art collection and historic interiors of the Frick mansion. The museum program additionally offers an array of public programs that seek to deepen the public's knowledge of and appreciation for art generally and the collections of the Collection. Annual attendance was approximately 269,000 visitors. Public programming in 2009 included:Special Exhibitions:Portraits, Pastels, Prints: Whistler in The Frick Collection, June 2 - August 23, 2009. Visitors: 62,822Exuberant Grotesques: Renaissance Maiolica from the Fontana Workshop, September 15, 2009 - January 17, 2010Vistiors: 92,989Watteau to Degas: French Drawings from the Frits Lugt Collection, October 6, 2009 - January 10, 2010Visitors: 55,257Masterpieces of European Painting from Dulwich Picture Gallery, March 9 - May 30, 2010Visitors: 74,440From Mansion to Museum: The Frick Collection Celebrates Seventy-Five Years, June 22 - September 5, 2010 Visitors: 52,131Art History Lecture Series: Fourteen scholarly lectures presented to the public by curatorial staff of the Collection and guest speakers PublicationsCharlotte Vignon, Exuberant Grotesques: Renaissance Maiolica from the Fontana Workshop, 2009Colin B. Bailey, Susan Grace Galassi, Mria van Berge-Gerbaud, Watteau to Degas: French Drawings from the Frits Lugt Collection, Paris, 2009Xavier F. Salomon, Masterpieces of European Painting from Dulwich Picture Gallery, 2010 SymposiaA Symposium on the History of Art, April 16-17, 2010, graduate student symposium co-presented with the Institute of Fine Arts, New York UniversityChamber Music Concert Series: ten concerts were presented in 2009.Public Education Programs: The Collection provided guided visits to over 1,700 members of the public in 2009, including nearly 1,100 students in grades 5-12. When combined with additional public education programs such as lectures, docent talks, seminars, Sunday sketch, gallery talks, and conversations for the general public; evening art dialogues for young professionals; and after school programs for high school and middle school students - the Collection organized a total of 435 public program sessions and served more than 9,300 individuals. 4689898 76601 24683 Library ProgramThe Frick Art Reference Library serves members of general public with an interest in art, including scholars, art professionals, collectors, and students. The library's book and photograph research collections relate chiefly to paintings, drawings, sculpture, prints, and illuminated manuscripts from the fourth to the mid-twentieth centuries by European and American artists. Archival materials and special collections augment the research collections with documents pertaining to the history of collecting art in America and of Henry Clay Frick's collecting in particular. In 2009, the library served 5,966 visitors (consisting of 1,595 individual external researchers) and responded to over 1,270 inquiries and answered 4,572 on-site research questions.The Center for the History of Collecting in America is a program that was established to foster awareness and scholarly study of the formation of fine and decorative arts collections and to promote the relevance of this subject to the history of art and culture. In 2009, the Center for the History of Collecting organized the following academic symposia:The Collector's Choice: Art on Display in American Private Collections, March 26 - 27, 2010The Center additionally awarded five grants to graduate students and post-doctoral scholars undertaking original research within the field of the history of art collecting in America. 12691055 true true false true false false false true false true true true false false false true false false false true false false false true true false false false false false false false false false false false true false false false false false false false false true 44 0 true 239 true false false false false false false false false true true false 0 false false false false false false false false 17 17 false false false false false false false true true false false false true true true true true true true true false false NY X X Michael J Paccione 2122880700 1 East 70th Street New York NY 10021 Walter Eberstadt 1.00 X X 0 0 0 Stephen A Schwarzman 1.00 X 0 0 0 Robert Goldsmith 35.00 X X 262873 0 34850 Peter Blanchard III 1.00 X 0 0 0 Michael Paccione 35.00 X X 155193 0 16869 Melvin R Seiden 1.00 X 0 0 0 Martha Loring 1.00 X 0 0 0 Margot C Bogert 5.00 X X 0 0 0 Lynne Rutkin 35.00 X 268685 0 28425 LF Boker Doyle 1.00 X 0 0 0 Juan Sabater 1.00 X 0 0 0 John P Birkelund 1.00 X X 0 0 0 Joe Corsello 35.00 X 110044 0 23854 Jean-Marie Eveillard 1.00 X 0 0 0 Inge Reist 35.00 X 133766 0 19802 I Townsend Burden III 1.00 X 0 0 0 George Wachter 1.00 X 0 0 0 Franklin Hobbs 1.00 X X 0 0 0 Emily T Frick 1.00 X 0 0 0 Donald Swanson 0. X 128032 0 19228 Dennis Sweeney 35.00 X 122745 0 25125 Dana Winfield 35.00 X 102269 0 23077 Colin Bailey 35.00 X 192162 0 25641 Barbara G Fleischman 1.00 X 0 0 0 Aso Tavitian 1.00 X 0 0 0 Anne L Poulet 35.00 X X 635135 0 84850 Alison Lonshein 35.00 X X 204084 0 26833 Agnes Gund 1.00 X 0 0 0 2314988 328554 14 false true false Silchester 780 3rd Avenue New York NY 10017 InvestmentManagement 253047 Select Equity 380 Lafayette Street 6th Floor New York NY 10211 InvestmentManagement 192942 Iridian Asset Management 276 Post Road West Westport CT 06880 InvestmentManagement 256884 CAMBRIDGE ASSOCIATES LLC 100 Summer Street Boston MA 02110 Endowment Management 439998 Buck Consultants 500 Plaza Drive Secaucus NJ 07096 Benefits consulting 232457 7 904451 1103880 94331 4337045 226213 6439707 Membership Dues & Assessments 713990 313565 313565 Educational programs 611600 61877 61877 Concert ticket sales 711300 32075 32075 Admissions 713990 2987315 2987315 3394832 3203708 3203708 0 0 250400 116363 134037 134037 134037 108761751 104917175 3844576 3844576 3844576 170275 1103880 242943 -72668 -72668 0 1198483 475967 722516 722516 Employee Cafeteria 49085 49085 49085 17715793 4117348 7158738 0 75364 75364 1237 1237 0 1867649 267159 1100326 500164 0 9244696 4151984 4934884 157828 955135 366037 518742 70356 2266900 850820 1254553 161527 742485 284543 403250 54692 0 120363 120363 113500 113500 0 0 1840249 1840249 0 81982 81982 554348 314768 235668 3912 151306 75653 45392 30261 0 818318 818318 83539 63563 19970 6 0 11157 4888 6184 85 0 0 1463004 697074 739976 25954 224452 224452 Publication acquisitions 358937 358937 Printing and Publications 238269 58463 54631 125175 FAS158 non-operating cost 1692515 648623 919219 124673 Exhibit & Conservation costs 896963 896963 Equipment rental & maintenance 474746 26594 448152 812656 3548385 -2913821 178092 25089770 12691055 10965990 1432725 40000 40000 11271951 18698150 4717317 3738486 0 0 0 0 662312 641027 0 44243179 23306497 21105898 20936682 111466495 120912904 75299846 76071796 0 0 1047904 931730 225611723 241970775 1536132 2345022 7408750 6870504 8944882 9215526 X 176622195 189196411 4467960 7889001 35576686 35669837 216666841 232755249 225611723 241970775 X false true true X false false X 6537359 11073619 9177806 10206602 6439707 43435093 0 0 6537359 11073619 9177806 10206602 6439707 43435093 3804779 39630314 5971027 5613210 4825774 3901571 3453745 23765327 0 0 67200420 18688282 0.58970 0.58600 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false true false true 50 false false false false false 50 false false X X X X true 195347080 1105415 30512260 12198466 1542613 213223676 248400949 2861746 -43308917 11204247 1402451 195347080 0.80600 0.19100 0.00300 false false false 776088 776088 3600186 5662166 6712400 2549952 631161 21999332 9180444 13450049 8059941 5121984 2937957 3514305 2291669 1222636 20936682 76071796 Accrued postretirement benefit liability 5982189 Accrued pension benefit liability 888315 6870504 17715793 25089770 -7373977 23462385 23462385 16088408 40171353 23462385 23462385 16708968 1542613 -535788 1006825 17715793 24082945 24082945 1542613 -535788 1006825 25089770 Part X Part X : FIN48 Footnote In July 2006 the FASB issued FIN 48, "Accounting for Uncertainty in Income Taxes," which sets out a framework for organizations to use to determine the appropriate level of tax reserves required in order to maintain uncertain tax positions. FASB Staff Position No. FIN 48-3, has deferred adoption of FIN 48 until fiscal years beginning after December 15, 2008. Management of the Organization is not aware of any violation of its tax status as an organization exempt from income taxes, nor of any exposure to unrelated business income tax. Consequently, in the opinion of management, adoption of FIN 48 should not have a significant affect on the Organization. The Organization's current accounting policy is to provide liabilities for uncertain tax positions when a liability is probable and estimable. Part V, Line 4 Part V, Line 4: Intended uses of the endowment fund. The aggregate endowment funds of The Frick Collection are the foundation of the institution. The endowments ensure the Frick's continued vitality by providing a consistent flow of funds that support all programatic, facility and related administrative costs of the organization. Part III, Line 4 Part III, Line 4: Description of organization's collections and how it furthers its purpose. The Frick Collection was established by Pittsburgh industrialist Henry Clay Frick, who, upon his death in 1919, bequeathed his New York residence (since designated a National Historic Landmark) and remarkable collection of Western European paintings, sculpture and decorative arts from the early Renaissance to the late 19th century for the enjoyment of the public and for the advancement of the study of fine arts and kindred subjects. The Frick Art Reference Library of the Collection was established in 1920 by Frick's daughter, Helen Clay Frick. The library's book and photograph research collections relate chiefly to paintings, drawings, sculpture, prints, and illuminated manuscripts from the 4th to the mid-20th centuries by European and American artists, and its archival materials and special collections augment the research collections with documents pertaining to the history of collecting art in America and of Frick's collecting in particular. The Collection's mission is to preserve and display for the public Frick's art collection in a domestic setting and to augment the Collection's art holdings in the fields established by Frick; to provide access, understanding and enjoyment of the art collection to the public through special exhibitions, publications, education and research, and public programs; to offer the visiting public an engaging view of life in the Gilded Age; and to serve as a center for research and to stimulate scholarship in the history of art and the history of collecting works of art in the Western tradition from the 4th to the mid-20th centuries. Part III, Line 1a Part III, Line 1a: If organization elected under SFAS 116 to not report are, historical treasures, o In accordance with elections made under Statement of Financial Accounting Standard No. 116 (SFAS 116), the Collection does not include either the cost or the value of its collections on its statement of financial position, nor does it recognize gifts of collection items as revenues in its statement of activities. Collection items are considered works of art, historical treasures, and similar assets held for public exhibition, education, or research in furtherance of public service rather than financial gain. true Europe 0 0 Program Services Educational Travel programs 232620 Europe 0 0 Grant Research Travel 1237 0 0 233857 X Additional Supplemental Information Schedule F, Part IVThe Collection awarded one small travel grant (less than $5,000) for the purpose of conducting scholarly research in Europe. The amount awarded was based on travel expenses actually incurred, as supported by receipts and other documentation submitted by the grant recipient. X X X X X X false NY Autumn Dinner 980512 907062 73450 59827 7290 70970 Young Fellows Winter Ball 248323 183223 65100 44769 525 42453 1 45320 13595 31725 10813 500 5796 1274155 1103880 170275 115409 8315 119219 242943 -72668 true X 0 0 Research fellowships in the History of Collecting in America 8 75364 Grantmaker's Description of How Grants are Used Research Fellowships in the History of Collecting in America: The Collection makes grants to individuals undertaking scholarly research into the history of collecting art in America. Graduate students and post-doctoral scholars in the fields of cultural and art history are eligible for the grants. Fellowships are awarded on the basis of the proposed project's contribution to the study of the history of art collecting, with preference being given to interdisciplinary research subjects and those projects that relate to the special collections and archival materials of the Frick Art Reference Library of the Collection. In order to ensure that the fellowship grants are awarded for their intended purpose, each candidate is required to submit an application consisting of (i) a cover letter briefly stating the purpose of the research planned and indicating how a fellowship would be beneficial; (ii) a completed application form; (iii) a detailed project proposal describing the research project and its objectives, situating the project within the context of existing scholarship, and explaining how the project would benefit from a fellowship at the Collection; and (iv) a curriculum vitae. During the fellowship period, a fellowship recipient is expected to be in residence at the Collection's library. At the end of the fellowship period, each fellowship recipient is required to offer a brief oral presentation at a "Fellows' Forum" and to submit a written progress report describing the fellow's accomplishments with respect to the project during the fellowship period. Recipients of short-term senior fellowships and long-term fellowships additionally are required to submit an expenditure report detailing how the fellowship funds were expended. X true true X X X X X X false true false false false false false false false false Robert Goldsmith 262873 22000 12850 297723 Michael Paccione 155193 15519 1350 172062 Lynne Rutkin 268685 22000 6425 297110 Inge Reist 133766 13377 6425 153568 Colin Bailey 192162 19216 6425 217803 Anne L Poulet 635135 72000 12850 719985 Alison Lonshein 204084 20408 6425 230917 Sch J, Part I, Line 1a Part I, Line 1a: Relevant information in regards to selections on 1a. Pursuant to a written employment agreement and sublease with the Director and Chief Executive Officer (the "Director"), the Collection provided a housing allowance and residence for personal use to the Director. The value of these benefits was treated as taxable compensation. X 16 226213 Stockmkt quote false false false Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available The Collection was incorporated by act of the New York State legislature, and its charter therefore is a public document. The charter also has been published by the Collection. A copy of the Collection's audited financial statements may obtained by written request to the Collection or to the office the New York State Attorney General. Portions of the audited financial statements, such as the statement of financial position and the statement of activities, are reproduced in the Collection's Annual Report, which is available on the Collection's website. The Collection does not make its bylaws or conflicts of interest policy available to the public. Form 990, Part VI, Line 15b Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees Under the bylaws, the Compensation Committee of the Board of Trustees recommends the compensation of the Director and Chief Executive Officer (the "Director") to the full Board of Trustees for its review and approval. The Compensation Committee also is responsible for setting the compensation of the other officers and key employees (who are compensated in their capacity as employees and not as officers) based on the recommendations of the Director. The positions for which this procedure is followed are the Deputy Director and Assistant Secretary, the Controller and Assistant Treasurer, the General Counsel and Assistant Secretary, the Associate Director and Chief Curator, the Deputy Director for External Affairs, and the Chief Librarian. In determining the reasonableness of compensation paid to each of the foregoing individuals, the Compensation Committee, and the Board of Trustees in the case of the Director, reviews comparability data available for peer organizations, including Forms 990, published compensation surveys, information furnished by an independent compensation consultant, and direct inquiries conducted by the organization's administration. The compensation analysis is undertaken annually and the most recent meeting of the Compensation Committee for such purposes was held on May 12,2010. Form 990, Part VI, Line 12c Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts The conflict of interest policy covers each member of the Board of Trustees, officer, and key employee of the Collection (collectively "covered persons"). Each covered person makes annual written disclosures regarding entities known to do business with the Collection and in which the covered person or a family member of the covered has a personal, business or organizational interest or affiliation. The completed disclosure statements are reviewed by the Collection's General Counsel and Assistant Secretary. The policy additionally requires covered persons to disclose potential conflicts of interest as they arise to the Chair or the Secretary, who in turn make a report to the Board of Trustees or relevant committee of the Board. The Board or relevant committee may refer a conflict of interest to the Audit Committee for consideration and resolution. A transaction involving a conflict of interest for a covered person must be approved by only those Trustees or committee members who do not have a conflict with respect to the transaction. The covered person may not vote on the transaction or participate in discussions of the transaction other than to answer questions or, at the request of the Board or committee, to elaborate on the information presented. Form 990, Part VI, Line 11 Form 990, Part VI, Line 11: Form 990 Review Process Under the bylaws, the Audit Committee of the Board of Trustees has been delegated the function of overseeing preparation of the Form 990. The Audit Committee accordingly meets for the purpose of reviewing and commenting on a draft version of the Form 990 prior to filing. After the Form 990 is approved by the Audit Committee, a copy of the final return is made available to each member of the Board of Trustees before it is filed. The Form 990 additionally is reviewed by management throughout the preparation and review process.