Civic Intelligence

Clyfford Still Museum

990 • Fiscal year 2018 • EIN 86-1147083

Jan 01, 2018 to Dec 31, 2018 • Filed on Jun 10, 2019

Refreshing map…

1250 Bannock StreetDenver, CO 80204

(720) 354-4880

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

34th percentile

0.09x

Higher debt load relative to assets than 34% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

66th percentile

0.46x

Higher debt load relative to revenue than 66% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

15th percentile

-11%

Higher net margin than 15% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

76th percentile

$278,136

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 6.4% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

21st percentile

-4.8%

Faster asset growth than 21% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

71st percentile

13%

Faster revenue growth than 71% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Assets

Flat

$22,741,716

Flat from 2018

Net Assets

Flat

$20,724,799

Flat from 2018

Liabilities

Flat

$2,016,917

Flat from 2018

Revenue

Flat

$4,374,439

Flat from 2018

Expenses

Flat

$4,852,384

Flat from 2018

Net Income

Flat

-$477,945

Flat from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2011: $42,040,066Liabilities 2011: $17,453,747Net Assets 2011: $24,586,3192011Assets 2012: $36,873,071Liabilities 2012: $11,216,147Net Assets 2012: $25,656,9242012Assets 2013: $32,987,972Liabilities 2013: $9,121,135Net Assets 2013: $23,866,8372013Assets 2014: $30,151,740Liabilities 2014: $7,672,215Net Assets 2014: $22,479,5252014Assets 2015: $28,378,423Liabilities 2015: $5,952,791Net Assets 2015: $22,425,6322015Assets 2016: $25,983,896Liabilities 2016: $3,812,933Net Assets 2016: $22,170,9632016Assets 2017: $23,889,479Liabilities 2017: $2,686,735Net Assets 2017: $21,202,7442017Assets 2018: $22,741,716Liabilities 2018: $2,016,917Net Assets 2018: $20,724,7992018Assets 2018: $22,741,716Liabilities 2018: $2,016,917Net Assets 2018: $20,724,7992018Assets 2019: $22,362,726Liabilities 2019: $2,064,796Net Assets 2019: $20,297,9302019Assets 2020: $20,974,868Liabilities 2020: $1,421,580Net Assets 2020: $19,553,2882020Assets 2021: $20,985,352Liabilities 2021: $1,375,869Net Assets 2021: $19,609,4832021Assets 2022: $19,630,612Liabilities 2022: $983,389Net Assets 2022: $18,647,2232022Assets 2023: $19,069,056Liabilities 2023: $1,074,184Net Assets 2023: $17,994,8722023

Highlighted filing

2018

Assets$22,741,716
Liabilities$2,016,917
Net Assets$20,724,799

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $5,292,386Expenses 2011: $1,943,202Net Income 2011: $3,349,1842011Revenue 2012: $5,948,011Expenses 2012: $4,877,406Net Income 2012: $1,070,6052012Revenue 2013: $1,943,516Expenses 2013: $3,733,603Net Income 2013: -$1,790,0872013Revenue 2014: $2,783,038Expenses 2014: $4,170,350Net Income 2014: -$1,387,3122014Revenue 2015: $4,496,143Expenses 2015: $4,550,036Net Income 2015: -$53,8932015Revenue 2016: $4,373,362Expenses 2016: $4,628,031Net Income 2016: -$254,6692016Revenue 2017: $3,858,198Expenses 2017: $4,826,417Net Income 2017: -$968,2192017Revenue 2018: $4,374,439Expenses 2018: $4,852,384Net Income 2018: -$477,9452018Revenue 2018: $4,374,439Expenses 2018: $4,852,384Net Income 2018: -$477,9452018Revenue 2019: $4,216,358Expenses 2019: $4,643,227Net Income 2019: -$426,8692019Revenue 2020: $3,494,704Expenses 2020: $4,239,346Net Income 2020: -$744,6422020Revenue 2021: $4,386,446Expenses 2021: $4,330,251Net Income 2021: $56,1952021Revenue 2022: $4,185,183Expenses 2022: $5,147,443Net Income 2022: -$962,2602022Revenue 2023: $4,850,610Expenses 2023: $5,502,961Net Income 2023: -$652,3512023

Highlighted filing

2018

Revenue$4,374,439
Expenses$4,852,384
Net Income-$477,945
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 10, 2019
Return Version
2018v3.1
Gross Receipts
$4,421,513
Mission and Program Overview

Mission

To advance the understanding and appreciation of Clyfford Still's art and legacy through the presentation, research, interpretation, preservation and stewardship of its unique collections.

See description in Part III.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$22,010,049$21,469,130▼ $540,919
Pledges and Grants Receivable$771,859$485,869▼ $285,990
Cash and Non-Interest-Bearing Accounts$724,284$485,513▼ $238,771
Inventories for Sale or Use$127,516$140,319▲ $12,803
Prepaid Expenses and Deferred Charges$94,529$92,036▼ $2,493
Savings and Temporary Cash Investments$136,536$68,849▼ $67,687
Total Assets$23,889,479$22,741,716▼ $1,147,763
Other Assets Total$24,706$0▼ $24,706
Liabilities
Tax Exempt Bond Liabilities$2,311,245$1,715,000▼ $596,245
Accounts Payable and Accrued Expenses$393,484$314,561▼ $78,923
Other Liabilities$-17,994$-12,644▲ $5,350
Total Liabilities$2,686,735$2,016,917▼ $669,818
Net Assets / Fund Balance
Unrestricted Net Assets$21,138,768$20,724,799▼ $413,969
Temporarily Rstr Net Assets$63,976$0▼ $63,976
Total Net Assets Fund Balance$21,202,744$20,724,799▼ $477,945
Total Liabilities and Net Assets / Fund Balance$23,889,479$22,741,716▼ $1,147,763

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$17,956,538$4,453,096$22,409,634
Land$2,597,761-$2,597,761
Equipment$580,699$1,382,617$1,963,316
Leasehold Improvements$334,132$185,657$519,789
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dean SobelMuseum DirectorFT$234,850$43,286$278,136
Joan PrusseDeputy DirectorFT$181,171$43,995$225,166

Board Members and Trustees

NameTitle
Christopher HuntPresident
Sarah HuntVice President
Albus BrooksDirector
Amie KnoxDirector
Bobby LeFebreDirector
Christoph HeinrichDirector
Curt Freed MDDirector
Daniel BenelDirector
David DeckerDirector
Jeremy FlugDirector
Judy SchiffDirector
Kent RiceDirector
Mark SmithDirector
Morris Susman MDDirector
Ramey Griffin CaulkinsDirector
Robin Pringle HickenlooperDirector
Sandra Still CampbellDirector
Sheila BiseniusDirector
Gary SteuerDirector through Sept 2018
Jennifer EvansTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,078,395
Program Service Revenue
$223,664
Investment Income
$-5,350
Other Revenue
$77,730
All Other Contributions
$483,395
Change in Net Assets
$-477,945

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,374,439
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,374,439
Total Revenue per Form 990
$4,374,439
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,868,080
Salaries, Compensation, and Employee Benefits$1,984,304
Total Fundraising Expense$191,830
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$681,395$504,548$28,162$1,214,105
Depreciation Depletion$789,937$76,842$9,221$876,000
Occupancy$410,732$125,502$34,227$570,461
Current Officers, Directors, Trustees, and Key Employees$162,960$238,017$58,692$459,669
Office Expenses$212,344$81,420$10,034$303,798
Advertising-$172,924-$172,924
Other Employee Benefits$92,228$69,902$6,613$168,743
Payroll Taxes$58,638$50,589$5,749$114,976
Fees for Services Other$32,700$61,611$3,206$97,517
Other Expenses$77,681$7,557$907$86,145
Pension Plan Contributions$16,775$10,036-$26,811
Information Technology$13,266$11,445$1,300$26,011
Insurance$8,924$7,699$875$17,498
Fees for Services Legal-$1,190-$1,190
Total Functional Expenses$3,140,657$1,519,897$191,830$4,852,384

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,852,384
Total Expenses per Audited Statements$4,852,384
Total Expenses per Form 990$4,852,384
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Change in net present value of interest rate swap$-12,644

Bond Issues

BondIssuerIssuedIssue PricePurpose
A19540000 CECFA Variable Rate Demand Revenue Bond2008-10-09$19,540,000Construction project

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$19,540,000--$207,500

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 2

Board members Christopher Hunt and Sarah Hunt are married to each other. Sarah Hunt is a member of the Board of Trustees of the Denver Art Museum and Christoph Heinrich is the Frederick and Jan Mayer Director of the Denver Art Museum.

Form 990, Part VI, Section B, line 11B

The Form 990 is made available to all board members electronically before the return is filed with the IRS.

Form 990, Part VI, Section B, line 12C

Disclosures are obtained from board members and key employees annually to report any conflict or potential conflict, as well as affirmation of adherence to the policy.

Form 990, Part VI, Section B, line 15A

The compensation committee reviews the salary and performance of the Museum Director periodically, and considers regional and industry standards in determining the amount of compensation.

Form 990, Part VI, Section C, line 19

These documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Clyfford Still Museum
EIN
86-1147083
Phone
7203544880
Address
1250 Bannock Street, Denver, CO 80204

Signing Officer

Name
Dean Sobel Museum Director
Title
Museum Director
Phone
7208654317
Signed
2019-06-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dean Sobel
Formed
2005
Legal Domicile
Co
Voting Board Members
19
Independent Board Members
19
Employees
56
Volunteers
37

Preparer

Firm
Kundinger Corder & Engle PC
Address
475 Lincoln Street Suite 200, Denver, CO 80203
Preparer
Laurie Anderson
Phone
3035345953
Supplemental Narrative

Additional Explanations

Form 990, Part V, line 3B

The Museum provided employees certain transportation benefits taxable under the Tax Cuts and jobs Act of 2017.

Form 990, Part XII, Line 2C:

The Audit and Finance Committee meets annually with the independent CPA firm to review the results of the current audit and internal control recommendations, if any. The Committee also assumes the annual responsibility of approving the selection of the audit firm. There have been no changes to these processes from the prior year.

Financial Statement Notes

Form 990, Schedule D, Part III

Collections - The Clyfford Still collection (the Collection) was given by the Clyfford Still Estate and the Patricia Still Estate to the City and County of Denver under the terms and conditions of the Clyfford Still Donation Agreement and the Patricia Alice Still Estate Donation Agreement. The Collection consists of approximately 3,200 paintings on canvas and paper, as well as other works of art and the artist's archive. The Collection consists solely of original works by Clyfford Still. Under the provisions of the will, none of the works of art may be sold, given, or exchanged but are to be retained in the Museum in perpetuity for exhibition and study. The Collection is held for educational, research, and curatorial purposes. Each item is cataloged, preserved and cared for, and activities verifying their existence and assessing their condition are performed continuously. The value of the Collection is not reported in the financial statements because the Collection is owned by the City and County of Denver.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Christopher Hunt
IRS990/Form990PartVIISectionAGrp/PersonNm1Sarah Hunt
IRS990/Form990PartVIISectionAGrp/PersonNm2Jennifer Evans
IRS990/Form990PartVIISectionAGrp/PersonNm3Amie Knox
IRS990/Form990PartVIISectionAGrp/PersonNm4Sheila Bisenius
IRS990/Form990PartVIISectionAGrp/PersonNm5Sandra Still Campbell
IRS990/Form990PartVIISectionAGrp/PersonNm6Ramey Griffin Caulkins
IRS990/Form990PartVIISectionAGrp/PersonNm7David Decker
IRS990/Form990PartVIISectionAGrp/PersonNm8Jeremy Flug
IRS990/Form990PartVIISectionAGrp/PersonNm9Curt Freed MD
IRS990/Form990PartVIISectionAGrp/PersonNm10Christoph Heinrich
IRS990/Form990PartVIISectionAGrp/PersonNm11Robin Pringle Hickenlooper
IRS990/Form990PartVIISectionAGrp/PersonNm12Kent Rice
IRS990/Form990PartVIISectionAGrp/PersonNm13Mark Smith
IRS990/Form990PartVIISectionAGrp/PersonNm14Morris Susman MD
IRS990/Form990PartVIISectionAGrp/PersonNm15Judy Schiff
IRS990/Form990PartVIISectionAGrp/PersonNm16Daniel Benel
IRS990/Form990PartVIISectionAGrp/PersonNm17Bobby LeFebre
IRS990/Form990PartVIISectionAGrp/PersonNm18Albus Brooks
IRS990/Form990PartVIISectionAGrp/PersonNm19Gary Steuer
IRS990/Form990PartVIISectionAGrp/PersonNm20Dean Sobel
IRS990/Form990PartVIISectionAGrp/PersonNm21Joan Prusse
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director through Sept 2018
IRS990/Form990PartVIISectionAGrp/TitleTxt20Museum Director
IRS990/Form990PartVIISectionAGrp/TitleTxt21Deputy Director
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IRS990/MissionDesc0To advance the understanding and appreciation of Clyfford Still's art and legacy through the presentation, research, interpretation, preservation and stewardship of its unique collections.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Exhibitions and CollectionsSee Schedule O. Exhibitions and Collections:The Clyfford Still Museum was established to serve as a permanent repository and exhibition place for the works of one of the most important painters of the 20th century, Clyfford Still (1904-1980). Clyfford and Patricia Still's wills directed that the Still collection be given to an American City that would agree to build and support such a museum. After the artist's death in 1980, the Clyfford Still Estate was sealed off from public and scholarly view. In 2004-2005, the artist's widow Patricia selected the City of Denver to receive the substantial Still collection, including the artist's archives. The Clyfford Still Museum, as the steward of this legacy collection, is continuing the lengthy process of attending to the conservation of Still's paintings, many of which have been rolled and in storage for over 30 years, as well as the extensive works on paper collection. The Museum is also devoting significant resources to the inspection and cataloging of the collections, the preparation of works for exhibition, and to the proper storage of the collections in the Museum itself. The Museum's collection of approximately 3,200 paintings, drawings, prints, and sculptures, the majority of which have never been on public display before, provides an unprecedented opportunity to reflect on the full scope of Still's oeuvre and his profound influence on American art. The Museum anticipates rotating exhibitions at least twice each year, with single gallery exhibits rotating somewhat more frequently.
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0161975
IRS990/ProgSrvcAccomActy3Grp/Desc0Education and ProgramsSee Schedule O.Education and Programs:As part of the Museum's vision to offer quality programs and conduct scholarly research relating to the art and life of Clyfford Still, the Museum engages our audiences through programs and educational offerings that both enliven Museum spaces and provide opportunities for meditation - in single events and longer term collaborations. Programs are designed to foster a dialogue about Still's work and its current and future relevance. Using the work of Clyfford Still as a point of departure, the Museum's programs create a unique platform for exploring the concerns of modern and contemporary art through multiple voices and interdisciplinary programs.The Clyfford Still Museum offers lectures, films, productions, tours and interpretive materials and technologies to support and engage visitors' understanding about the work of Clyfford Still, his life, and significance to modern and contemporary art. Programs include a variety of local, national, and international speakers and partners. The Museum developed the inStill gallery visit program for school groups in grades 4-12 through which trained gallery instructors provide thematically integrated, standards-aligned lessons relating to the Museum's collections. The Clyfford Still Museum has begun to digitize and catalog Clyfford Still's archives which, when available to students and scholars, will provide a rich body of materials that will enlarge the understanding of Still's works and his place in 20th century American art.The Clyfford Still Museum has other initiatives designed to make the Still collections more accessible to a variety of audiences. In 2013, the Museum formed a Research Center and held its first scholarly symposium in New York. The Research Center will continue to develop programs that foster research and writing about Clyfford Still, his time and his work. The Museum is also publishing books that contain reproductions of Still's works and scholarly and historic articles about the artist. The Museum is continually developing technology solutions to reach increasingly broad audiences.
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$19.1$1.07$18.0$4.85$5.50$0.65
2022Summary only. Only limited summary data is available for this year.$19.6$0.98$18.6$4.19$5.15$0.96
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.0$1.38$19.6$4.39$4.33$0.06
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.0$1.42$19.6$3.49$4.24$0.74
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.4$2.06$20.3$4.22$4.64$0.43
2018Detailed filing. Detailed filing data is available for this year.$22.7$2.02$20.7$4.37$4.85$0.48
2018Summary only. Only limited summary data is available for this year.$22.7$2.02$20.7$4.37$4.85$0.48
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.9$2.69$21.2$3.86$4.83$0.97
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.0$3.81$22.2$4.37$4.63$0.25
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.4$5.95$22.4$4.50$4.55$0.05
2014Detailed filing. Detailed filing data is available for this year.$30.2$7.67$22.5$2.78$4.17$1.39
2013Detailed filing. Detailed filing data is available for this year.$33.0$9.12$23.9$1.94$3.73$1.79
2012Summary only. Only limited summary data is available for this year.$36.9$11.2$25.7$5.95$4.88$1.07
2011Summary only. Only limited summary data is available for this year.$42.0$17.5$24.6$5.29$1.94$3.35