2024-04-11T12:18:13-05:00 2023-05-31 264022510 HARRIS & CO PLLC 1120 S RACKHAM WAY SUITE 100 MERIDIAN ID 83642 990 2022-06-01 237113276 SUN VALLEY CENTER FOR THE ARTS INC SUNV 2087269491 PO BOX 656 SUN VALLEY ID 83353 ANDREA LAPORTE PRESIDENT 2087269491 2024-01-17 1 ANDREA LAPORTE 999009999 0 MATTHEW GOODFELLOW P01842086 2083338965 2024-01-17 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SUN VALLEY MUSEUM OF ART ANDREA LAPORTE PO BOX 656 SUN VALLEY ID 83353 4399621 0 X HTTP://WWW.SVMOA.ORG X 1971 ID TO ENRICH OUR COMMUNITY THROUGH TRANSFORMATIVE ARTS AND EDUCATIONAL EXPERIENCES. 15 15 48 28 0 0 3890082 3031753 256264 740179 -1060856 203128 155124 -448669 3240614 3526391 29751 41576 0 0 1035182 1226439 0 0 733564 1594634 1744465 2659567 3012480 581047 513911 8382045 8802210 939393 997513 7442652 7804697 X SUN VALLEY CENTER FOR THE ARTS' MISSION IS TO ENRICH OUR COMMUNITY THROUGH TRANSFORMATIVE ARTS AND EDUCATIONAL EXPERIENCES. 0 1 520110 96055 EXHIBITIONS: THE SUN VALLEY MUSEUM OF ART IS A NON-COLLECTING MUSEUM THAT ORIGINATES ART EXHIBITIONS THAT RANGE WIDE IN SCOPE AND SUBJECT, BRINGING NATIONALLY RECOGNIZED ARTISTS AND THEIR WORK TO OUR COMMUNITY. 1107905 584142 PUBLIC PROGRAMS: THE SVMOA EXHIBITION PROGRAM IS COMPLEMENTED BY RELATED PUBLIC PROGRAMMING INCLUDING ONGOING LECTURES, OUTDOOR SUMMER CONCERTS, LIVE MUSIC, FILM, AND PERFORMANCE. 391091 32141 LEARNING AND ENGAGEMENT: ACCREDITED BY THE AMERICAN ALLIANCE OF MUSEUMS, THE MUSEUM ALSO OFFERS A WIDE RANGE OF FREE ARTS EDUCATION PROGRAMS THAT REACH MULTIPLE SECTORS WITHIN OUR COMMUNITY. OUR LONGSTANDING PARTNERSHIP WITH LOCAL SCHOOLS INCLUDES BRINGING VISITING ARTISTS AND MUSICIANS INTO CLASSROOMS, WORKING WITH TEACHERS TO MEET CURRICULAR GOALS, PROVIDING SCHOOL TOURS OF OUR EXHIBITIONS, AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR AREA EDUCATORS. THE MUSEUM ALSO OFFERS SKILL-BASED ART CLASSES, WORKSHOPS AND FREE FAMILY ART EXPERIENCES FOR THE COMMUNITY. 41576 41576 27841 SVMOA GRANTS SCHOLARSHIPS TO BLAINE COUNTY HIGH SCHOOL AND COLLEGE STUDENTS AND EDUCATORS FOR THE STUDY OF THE ARTS AND HUMANITIES. SVMOA OFFERS SCHOLARSHIPS TO ART CLASSES AS WELL AS DISCOUNTED TICKETS FOR STUDENTS AND TEACHERS TO SELECT EVENTS. 41576 41576 27841 2060682 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 77 0 1 48 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X BROOKE FULLMER 2087269491 191 FIFTH STRET EAST KETCHUM ID 83340 ANDREA ANDIE LAPORTE PRESIDENT 4.00 X X 0 0 0 RON GREENSPAN VICE PRESIDENT 4.00 X X 0 0 0 ELLEN F JAMES SECRETARY 4.00 X X 0 0 0 LINDA NICHOLSON TREASURER 4.00 X X 0 0 0 ELLEN GILLESPIE DIRECTOR 2.00 X 0 0 0 KELLY CORROON DIRECTOR 2.00 X 0 0 0 ADAM ELIAS DIRECTOR 2.00 X 0 0 0 ANITA KAY HARDY DIRECTOR 2.00 X 0 0 0 CAROLINE HOBBS DIRECTOR 2.00 X 0 0 0 BARBARA LEHMAN DIRECTOR 2.00 X 0 0 0 WENDY PESKY DIRECTOR 2.00 X 0 0 0 JIM REID DIRECTOR 2.00 X 0 0 0 NANCY GOLDSTEIN DIRECTOR 2.00 X 0 0 0 TRINA PETERS DIRECTOR 2.00 X 0 0 0 SARAH WOODWARD DIRECTOR 2.00 X 0 0 0 JOAN GILLESPIE SWIFT DIRECTOR 2.00 X 0 0 0 JENNIFER WELLS GREEN EXECUTIVE DIRECTOR 40.00 X 88423 0 64734 88423 0 64734 0 0 1 0 0 235690 1173117 70683 1552263 220104 3031753 PERFORMING ARTS 711110 584142 584142 VISUAL ARTS 711110 96055 96055 EDUCATION FEES 611600 32141 32141 OTHER 711130 27841 27841 740179 203128 203128 424561 1173117 873230 -448669 -448669 3526391 740179 0 -245541 41576 41576 194080 113630 19843 60607 870860 509872 89038 271950 15558 9109 1591 4858 64432 37724 6588 20120 81509 47722 8334 25453 30101 22576 7525 9572 5604 979 2989 214241 110127 8603 95511 105531 87020 3271 15240 138515 81098 14162 43255 65977 38628 6746 20603 173218 101416 17710 54092 41304 12774 938 27592 61628 36082 6301 19245 39169 27108 11893 168 ARTIST/LECTURE 569122 555288 251 13583 PRODUCTION EXPENSE 104472 103399 1073 OTHER 72255 15617 4898 51740 MEMBERSHIP/DONOR DEVELO 56941 51534 5407 62419 52778 9563 78 3012480 2060682 218234 733564 2582197 2435348 232970 549200 38550 5000 31210 910 138426 88876 225648 94193 3136152 1102802 1483547 2033350 3649497 3595333 8382045 8802210 228147 490503 711246 507010 939393 997513 X 7332652 7510397 110000 294300 7442652 7804697 8382045 8802210 513911 -151866 0 X 0 1 X 1 0 X 2771973 2789477 1823249 3890082 3031753 14306534 1044832 978403 67396 256264 740179 3087074 3816805 3767880 1890645 4146346 3771932 17393608 288377 281591 191589 343536 299881 1404974 352291 402003 372560 306748 150530 1584132 640668 683594 564149 650284 450411 2989106 14404502 22737 67554 60349 58715 203128 412483 22737 67554 60349 58715 203128 412483 3839542 3835434 1950994 4205061 3975060 17806091 0.80900 0.81710 0.02320 0.01310 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1121812 250089 -10990 -9613 1351298 1212548 -90736 1121812 1027970 192614 8036 1212548 992572 49237 13839 1027970 996162 3590 992572 0.81130 0.18870 0 0 735009 735009 2040352 804356 1235996 360791 298446 62345 2033350 X 3526391 0 3526391 0 3526391 3012480 0 3012480 0 3012480 PART V, LINE 4: THE MUSEUM'S ENDOWMENT CONSISTS OF ONE BOARD DESIGNATED FUND AND ONE DONOR-RESTRICTED ENDOWMENT FUND. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. SINCE THE BOARD DESIGNATED ENDOWMENT AMOUNT RESULTED FROM AN INTERNAL DESIGNATION AND IS NOT DONOR-RESTRICTED, IT IS CLASSIFIED AND REPORTED AS UNRESTRICTED NET ASSETS. THE BOARD OF TRUSTEES OF THE MUSEUM HAS INTERPRETED THE IDAHO UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (UPMIFA) AS REQUIRING THE PRESERVATION OF THE FAIR VALUE OF THE ORIGINAL GIFTS AS OF THE GIFT DATE OF THE DONOR-RESTRICTED ENDOWMENT FUNDS ABSENT EXPLICIT DONOR STIPULATIONS TO THE CONTRARY. AS A RESULT OF THIS INTERPRETATION, THE MUSEUM CLASSIFIES AS PERMANENTLY RESTRICTED NET ASSETS (A) THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT, (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE PERMANENT ENDOWMENT, AND (C) ACCUMULATIONS TO THE PERMANENT ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF THE APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME THE ACCUMULATION IS ADDED TO THE FUND. THE REMAINING PORTION OF THE DONOR RESTRICTION ENDOWMENT FUND THAT IS NOT CLASSIFIED IN PERMANENTLY RESTRICTED NET ASSETS IS CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS UNTIL THOSE AMOUNTS ARE PAID OUT OF THE MUSEUM IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY UPMIFA. IN ACCORDANCE WITH UPMIFA, THE MUSEUM CONSIDERS THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR-RESTRICTED ENDOWMENT FUNDS: (1) THE DURATION AND PRESERVATION OF THE VARIOUS FUNDS, (2) THE PURPOSES OF THE DONOR-RESTRICTED ENDOWMENT FUNDS, (3) GENERAL ECONOMIC CONDITIONS, (4) THE POSSIBLE EFFECT OF INFLATION AND DEFLATION, (5) THE EXPECTED TOTAL RETURN FROM INCOME AND THE APPRECIATION OF INVESTMENTS, (6) OTHER RESOURCES OF THE MUSEUM, AND (7) THE MUSEUM'S INVESTMENT POLICIES. PART X, LINE 2: THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE MUSEUM MAY RECOGNIZE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR FISCAL YEARS 2023 OR 2022. THE MUSEUM FILES FORM 990 IN THE U.S. FEDERAL JURISDICTION. THE MUSEUM IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR YEARS BEFORE 2019. WINE AUCTION 1578130 1160467 417663 24417 112353 22236 686752 OCHI GALLERY NYE 19548 12650 6898 27472 1597678 1173117 424561 24417 112353 22236 714224 873230 -448669 1 SCHOLARSHIPS 23 41576 FMV SVMOA OFFERS SCHOLARSHIPS FOR THE STUDY OF THE ARTS AND HUMANITIES PART I, LINE 2: THE ORGANIZATION KEEPS RECORDS OF SCHOLARSHIPS DISTRIBUTED TO STUDENTS FOR CLASSES AT THE MUSEUM. STUDENT ACCOUNTS ARE REVIEWED TO ENSURE THEY ARE ELIGIBLE FOR THE SCHOLARSHIP. X 0 0 0 0 0 0 0 0 0 JENNIFER WELLS GREEN EXECUTIVE DIRECTOR 88423 0 0 0 0 0 0 0 64734 0 153157 0 0 0 ADAM ELIAS BOARD MEMBER 2219 ELIAS CONSTRUCTION WAS THE BUILDER WHO COMPLETED THE SVMOA REMODEL AT 191 5TH ST. E. IN KETCHUM, IDAHO. ELIAS CONSTRUCTION IS OWNED AND OPERATED BY OUR BOARD MEMBER, ADAM ELIAS. THE CONTRACTOR FEE WAS CREDITED BACK AS A DONATION. 0 X WINE MERCHANDISE 21 212052 FMV 0 1 0 PART I, COLUMN (B): NUMBER OF IN-KIND DONATIONS FOR WINE AUCTION FORM 990, PART III, LINE 3 COMPANY OF FOOLS (COF), A PROFESSIONAL THEATRE COMPANY OPERATING UNDER AN ACTORS' EQUITY ASSOCIATION CONTRACT, WAS A PART OF SVMOA FROM 2013 TO 2022. AFTER SIGNIFICANT DISCUSSION WITH THE SVMOA BOARD AND COMPANY OF FOOLS' CONSTITUENCY, BOTH ORGANIZATIONS AGREED TO DISSOLVE THE RELATIONSHIP BETWEEN THE TWO ENTITIES AND THE THEATER GROUP HAS REFORMED UNDER THE NAME THE LIBERTY THEATRE COMPANY INC., WHICH WILL CARRY ON THE COF LEGACY AS A NEW 501C(3). FORM 990, PART VI, SECTION A, LINE 1A THE GOVERNING BODY OF THE ORGANIZATION DELEGATES BROAD AUTHORITY TO ACT ON ITS BEHALF TO THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE IS COMPRISED OF THE PRESIDENT, VICE PRESIDENT, TREASURER, SECRETARY AND ANY OTHER OFFICER ELECTED OR ACTING ON BEHALF OF AN OFFICER, AND, ANY STAFF MEMBER OR OTHER INDIVIDUAL INVITED TO PARTICIPATE BY THE STANDING EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE MAY ACT IN PLACE OF THE BOARD OF DIRECTORS BETWEEN MEETINGS IN THE MANNER AND SUBJECT TO THE LIMITATIONS PRESCRIBED IN THE BYLAWS AND/OR AS EXPRESSLY DELEGATED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE CHIEF FINANCIAL OFFICER AND CHIEF EXECUTIVE OFFICER WILL REVIEW THE 990 DRAFT TO ENSURE THAT IT IS AN ACCURATE REPRESENTATION OF ORGANIZATION FINANCIAL ACTIVITIES, THEN PRESENT IT TO THE FINANCIAL COMMITTEE FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS MUST SIGN A CONFLICT OF INTEREST STATEMENT AT THE BEGINNING OF THEIR TERM. BOARD MEMERS ARE REQUIRED TO DISCLOSE A CONFLICT OF INTEREST IF ONE ARISES. THE GOVERNANCE COMMITEE REVIEWS THE CONFLICT OF INTEREST STATEMENTS EACH YEAR FOR CURRENT AND INCOMING BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE DETERMINES THE EXECUTIVE DIRECTOR'S SALARY. THEY REVIEW DATA PROVIDED BY A SEARCH FIRM, AND CONDUCT A PERFORMANCE REVIEW. THE EXECUTIVE DIRECTOR DETERMINES THE COMPENSATION FOR ALL OTHER EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FORM 990 AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.