The Nasher Sculpture Center

“The center has a collection of works of art that it protects and preserves. The collection provides a foundatin for exhibitions, research, and educatinal public programming. The center has a registrar (under the supervision of the conservator) to ensure the collection is protected and preserved adn has a detailed collection management policy which governs the stewardship of these collections.the center accounts for works of art as collection items if they meet the definition of a collection according to the criteria for recognition under financial accounting standards board (*"fasb") accounting standards codification ("asc") 958-360-property, plant, and equipment. The criteria state that to be a collection the assets are (a)held for public exhibition, education, or research in furtherance of public service rather than financial gain (b) protected, kept unencumbered, cared for and preserved and (c) subject to an organizational policy that requires the proceeds of items that are sold to be used to acquire other items for collections absent any donor imposed restrictions. The center has a policy of not capitalizing the collection of works of art in its financial statements. Accordingly, no collection items are recognized as assets, whether they are purchased or received as a donation. Purchases of collection items reduce unrestricted net assets in the period when purchased. Proceeds from deaccessions or insurance recoveries are reflected as increases in the appropriate net asset class. The center added 10 individual objects to the collection during the year ended september 30, 2017 through gifts, transfers, or purchases. The center purchased and expensed 2 individual objects for $615,000 during the year ended september 30, 2017. There were no deaccessions in the years endedseptember 30, 2016 and 2015.part iii, 4: open to the public since october 20, 2003, the nasher sculpture center is one of the few institutions in the world devoted to the exhibition, study and preservation of modern and contemporary sculpture. Conceived as a serene urmban retreat for the enjoyment of modern art, the sculpture center is the new home of the renowned raymond and patsy nasher collection of modern and contemporary sculpture.collections at the nasher sculpture center consist of objects on loan from the raymond and patsy nasher collection, works that are formally owned by the nsc, and works on loan from others. Other objects may be under the care of the nsc, including works on purchase approval and works on temporary deposit in the conservation studio for examination and/or treatment. The same exacting and highly professional standards of care apply to all objects under nsc management.part xi, 2d: $431,274 fundraising expense included in revenue on tax return+$299,802 cost of goods sold included in revenue on tax return+$253,267 in kind revenue+$224 other= $984,567 totalpart xii, 2d: $299,802 cost of goods sold included in revenue on tax return+ $431,274 fundraising expense included in revenue on tax return- $9,150 investment expense- $8,293 other=$984,467 total”

“Er has a collection of works of art that it protects and preserves. The collection provides a foundatin for exhibitions, research, and educatinal public programming. The center has a registrar (under the supervision of the conservator) to ensure the collection is protected and preserved adn has a detailed collection management policy which governs the stewardship of these collections.the center accounts for works of art as collection items if they meet the definition of a collection according to the criteria for recognition under financial accounting standards board (*"fasb") accounting standards codification ("asc") 958-360-property, plant, and equipment. The criteria state that to be a collection the assets are (a)held for public exhibition, education, or research in furtherance of public service rather than financial gain (b) protected, kept unencumbered, cared for and preserved and (c) subject to an organizational policy that requires the proceeds of items that are sold to be used to acquire other items for collections absent any donor imposed restrictions. The center has a policy of not capitalizing the collection of works of art in its financial statements. Accordingly, no collection items are recognized as assets, whether they are purchased or received as a donation. Purchases of collection items reduce unrestricted net assets in the period when purchased. Proceeds from deaccessions or insurance recoveries are reflected as increases in the appropriate net asset class. The center added 10 individual objects to the collection during the year ended september 30, 2017 through gifts, transfers, or purchases. The center purchased and expensed 2 individual objects for $615,000 during the year ended september 30, 2017. There were no deaccessions in the years ended september 30, 2016 and 2015.”

“Open to the public since october 20, 2003, the nasher sculpture center is one of the few institutions in the world devoted to the exhibition, study and preservation of modern and contemporary sculpture. Conceived as a serene urban retreat for the enjoyment of modern art, the sculpture center is the new home of the renowned raymond and patsy nasher collection of modern and contemporary sculpture. Collections at the sculpture center consist of objects on loan from the raymond and patsy nasher collection, works that are formally owned by the sculpture center, and works on loan from other owners. Other objects may be under the care of the sculpture center, including works on purchase approval and works on temporary deposit in the conservation studio for examination and/or treatment.”

“$431,274 fundraising expense included in revenue in the return; plus $299,802 cost of goods included in revenue; plus $253,267 in kind revenue; plus $224 other for a total of $984,567.”

“$299,802 cost of goods sold; plus $431,274 fundraising expense; plus $270,934 in kind expenses; minus $9,150 investment expense; minus $8,293 other expenses equals a total of $984,467.”

“The sculpture center's endowment funds are used in accordance with the purposes stated above.”

“There are no other amounts.”

“There are no other amounts.”