Civic Intelligence

Unknown Organization

EIN 91-1564155 • 501(c)3

Profile

The foundation manages the endowment for seattle art museum and makes distributions from the endowment to the seattle art museum when appropriate based on donor restrictions.

1300 First Avenue98101-2003

www.seattleartmuseum.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2014

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

2nd percentile

-1980%

Higher net margin than 2% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

100th percentile

$506,477

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 202.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

9th percentile

-100%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $4,964,001 (-100%) from 2013

Liabilities

Flat

$0

Flat from 2013

Net Assets

Down

$0

Down $4,964,001 (-100%) from 2013

Operations
Liabilities / Revenue61st percentileNet Margin2nd percentile

Revenue

Down

$250,677

Down $65,434 (-21%) from 2013

Expenses

Up

$5,214,678

Up $4,911,386 (+1619%) from 2013

Net Income

Down

-$4,964,001

Down $4,976,820 (-38824%) from 2013

Trend Graphs

Balance Sheet Trend

Asset Growth9th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2010: $4,594,921Liabilities 2010: $0Net Assets 2010: $4,594,9212010Assets 2011: $5,201,861Liabilities 2011: $0Net Assets 2011: $5,201,8612011Assets 2012: $4,722,295Liabilities 2012: $0Net Assets 2012: $4,722,2952012Assets 2013: $4,964,001Liabilities 2013: $0Net Assets 2013: $4,964,0012013Assets 2014: $0Liabilities 2014: $0Net Assets 2014: $02014

Highlighted filing

2014

Assets$0
Liabilities$0
Net Assets$0
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $227,6372010Expenses 2011: $300,8512011Expenses 2012: $312,3822012Revenue 2013: $316,111Expenses 2013: $303,292Net Income 2013: $12,8192013Revenue 2014: $250,677Expenses 2014: $5,214,678Net Income 2014: -$4,964,0012014

Highlighted filing

2014

Revenue$250,677
Expenses$5,214,678
Net Income-$4,964,001
Open 2014 Filing

Filings

Most recent year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$250,677
Expenses
$5,214,678
Net income
-$4,964,001
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2014Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.25$5.21$4.96
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.96$0.00$4.96$0.32$0.30$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.72$0.00$4.72$0.31
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.20$0.00$5.20$0.30
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.59$0.00$4.59$0.23
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 13, 2015
Return Version
2013v4.0
Gross Receipts
$250,677
Mission and Program Overview

Mission

The foundation manages the endowment for seattle art museum and makes distributions from the endowment to the seattle art museum when appropriate based on donor restrictions.

The foundation manages the endowment for seattle art museum.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,893,497$0▼ $2,893,497
Investments Other Securities$1,958,375$0▼ $1,958,375
Savings and Temporary Cash Investments$112,129$0▼ $112,129
Cash and Non-Interest-Bearing Accounts-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$4,964,001$0▼ $4,964,001
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$4,454,797$0▼ $4,454,797
Temporarily Rstr Net Assets$641,166$0▼ $641,166
Unrestricted Net Assets$-131,962$0▲ $131,962
Total Net Assets Fund Balance$4,964,001$0▼ $4,964,001
Total Liabilities and Net Assets / Fund Balance$4,964,001$0▼ $4,964,001

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$4,964,001-▲ $230,162--
2013$4,722,295-▲ $544,998-$4,964,001
2012$5,201,861-▼ $167,184-$4,722,295
2011$4,594,921-▲ $907,791-$5,201,861
2010$4,377,731-▲ $444,827-$4,594,921
Compensation and Service Providers
Top Officer Pay100th percentile

Board Members and Trustees

NameTitle
John FrankChairman
Charles WrightPast Chairman
Winifred StrattonPresident
Barney EbsworthVice President
Jon ShirleyVice President
Susan BrotmanVice President
Kimerly RorschachExecutive Director
Robert CundallCOO - Through 4/2014
Stewart LandefeldSecretary
Michael CorlissTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$250,677
Other Revenue
$0
Change in Net Assets
$-4,964,001
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$5,194,163
Other Expenses$20,515
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$5,194,163--$5,194,163
Fees for Service Investment Mgmnt Fees-$20,515-$20,515
Total Functional Expenses$5,194,163$20,515$0$5,214,678
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
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 B, Line 11

“The form 990 is prepared by an independent accounting firm and reviewed by internal staff and the seattle art museum audit committee prior to filing with the irs.”

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

“The organization's conflict of interest policy applies to the museum's trustees and staff. A determination of whether a conflict of interest exists is made by the board's executive committee in conjunction with the museum's senior management team. When an actual conflict is determined to exist, the specifics of the conflict are reviewed by the executive committee or senior management team. Anyone with a conflict of interest must recuse themselves from discussion and the decision making process in whatever capacity they may have authority over the decision. If the conflicted individual is a voting member of the board, they will recuse themselves from discussion and voting on matters where they are conflicted.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

EIN
91-1564155
Phone
2066258900

Signing Officer

Name
Richard Beckerman
Title
Chief Operating Officer
Phone
2066258900
Signed
2015-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kimerly Rorschach
Formed
1992
Legal Domicile
Wa
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Preparer
Jane M Searing
Phone
4254544919
Supplemental Narrative

Additional Explanations

FORM 990, PART 1, LINE 6:

“There are seven volunteer members of the board of directors.”

Form 990, Part III, Line 3

“The foundation was closed on june 30, 2014 and the endowment balances were combined as separate endowments with the seattle art museum, the beneficiary of the foundation.”

Financial Statement Notes

PART V, LINE 4:

“To support exhibitions, art education, art acquisitions and general operations of the seattle art museum. The foundation was closed at the end of the fiscal year on june 30, 2014 and the assets were transferred to the remaining endowment funds that exist with the seattle art museum.”

PART V, LINE 2:

“The foundation was closed on june 30, 2014 and all endowment funds were transferred, with restrictions in place, to the seattle art museum.”

Raw XML AppendixShowing 400 of 508 raw XML fields

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/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt7PAST CHAIRMAN
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt05194163
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine10SEATTLE ART MUSEUM
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrgNotifiedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/USOrganizedInd01
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt05194163
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt020515
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt04964001
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt05194163
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0230162
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt017073
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt04722295
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt04964001
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0286219
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0544998
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt018369
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt05201861
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt04722295
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0294013
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-167184
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt010550
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt04594921
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt05201861
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0290301
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0907791
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt013552
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt04377731
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt04594921
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0214085
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0444827
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TO SUPPORT EXHIBITIONS, ART EDUCATION, ART ACQUISITIONS AND GENERAL OPERATIONS OF THE SEATTLE ART MUSEUM. THE FOUNDATION WAS CLOSED AT THE END OF THE FISCAL YEAR ON JUNE 30, 2014 AND THE ASSETS WERE TRANSFERRED TO THE REMAINING ENDOWMENT FUNDS THAT EXIST WITH THE SEATTLE ART MUSEUM.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION WAS CLOSED ON JUNE 30, 2014 AND ALL ENDOWMENT FUNDS WERE TRANSFERRED, WITH RESTRICTIONS IN PLACE, TO THE SEATTLE ART MUSEUM.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART V, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt05194163
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0INVESTMENTS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0ASSET TRANSFER TO SUPPORTED ORGANIZATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10SEATTLE ART MUSEUM
IRS990ScheduleI/RecipientTable/RecipientEIN0910640788
IRS990ScheduleI/RecipientTable/USAddress/AddressLine101300 FIRST AVENUE
IRS990ScheduleI/RecipientTable/USAddress/City0SEATTLE
IRS990ScheduleI/RecipientTable/USAddress/State0WA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode098101
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FAIR MARKET VALUE
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ALL GRANTS ARE GIVEN TO THE SUPPORTED ORGANIZATION, SEATTLE ART MUSEUM.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt145000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0499180
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1204988
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt02221
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt17402
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt05076
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt14880
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KIMERLY RORSCHACH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1ROBERT CUNDALL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1COO - THROUGH 4/2014
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0506477
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1262270
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0SEATTLE ART MUSEUM, A RELATED ORGANIZATION, IS RESPONSIBLE FOR THE PAYMENT OF COMPENSATION, AS WELL AS THE SETTING OF AND ANNUAL REVIEW OF THE CHIEF OPERATING OFFICER'S COMPENSATION AND THE EXECUTIVE DIRECTOR. COMPENSATION OF THE OFFICERS IS DETERMINED THROUGH A WRITTEN EMPLOYMENT CONTRACT AND BOARD OR COMPENSATION COMMITTEE APPROVAL. THE CHIEF OPERATING OFFICER AND EXECUTIVE DIRECTOR PROVIDES SERVICES FOR SEATTLE ART MUSEUM AS WELL AS THE FOUNDATION.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/AttorneyGeneralNotifiedInd01
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd00
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0ENDOWMENT INVESTMENTS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine10SEATTLE ART MUSEUM
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02014-06-30
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0910640788
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt05194163
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(C)(3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0FAIR MARKET VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine101300 FIRST AVENUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/City0SEATTLE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/State0WA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCode098101
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0PERSON(S) INVOLVED: JOHN FRANK, SUSAN BROTMAN, BARNEY EBSWORTH, JON SHIRLEY, STEWART LANDEFELD, MICHAEL CORLISS, AND KIMERLY RORSCHACH.
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt1EXPLANATION OF INVOLVEMENT: THE BOARD MEMBERS OF SEATTLE ART MUSEUM FOUNDATION AS WELL AS THE EXECUTIVE DIRECTOR HOLD THE SAME ROLES AND TITLES WITH SEATTLE ART MUSEUM. SUCH ROLES WERE HELD PRIOR TO THE DISSOLUTION OF SEATTLE ART MUSEUM FOUNDATION AND EACH INDIVIDUAL CONTINUES IN SAID ROLES AFTER THE DISSOLUTION.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2E:
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 2E:
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE SEVEN VOLUNTEER MEMBERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION WAS CLOSED ON JUNE 30, 2014 AND THE ENDOWMENT BALANCES WERE COMBINED AS SEPARATE ENDOWMENTS WITH THE SEATTLE ART MUSEUM, THE BENEFICIARY OF THE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND REVIEWED BY INTERNAL STAFF AND THE SEATTLE ART MUSEUM AUDIT COMMITTEE PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S CONFLICT OF INTEREST POLICY APPLIES TO THE MUSEUM'S TRUSTEES AND STAFF. A DETERMINATION OF WHETHER A CONFLICT OF INTEREST EXISTS IS MADE BY THE BOARD'S EXECUTIVE COMMITTEE IN CONJUNCTION WITH THE MUSEUM'S SENIOR MANAGEMENT TEAM. WHEN AN ACTUAL CONFLICT IS DETERMINED TO EXIST, THE SPECIFICS OF THE CONFLICT ARE REVIEWED BY THE EXECUTIVE COMMITTEE OR SENIOR MANAGEMENT TEAM. ANYONE WITH A CONFLICT OF INTEREST MUST RECUSE THEMSELVES FROM DISCUSSION AND THE DECISION MAKING PROCESS IN WHATEVER CAPACITY THEY MAY HAVE AUTHORITY OVER THE DECISION. IF THE CONFLICTED INDIVIDUAL IS A VOTING MEMBER OF THE BOARD, THEY WILL RECUSE THEMSELVES FROM DISCUSSION AND VOTING ON MATTERS WHERE THEY ARE CONFLICTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART 1, LINE 6:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00

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