2024-10-16T17:14:10-07:00 2023-11-30 920460586 PwC US Tax LLP 655 New York Ave NW Suite 1100 Washington DC 20001 990PF 2022-12-01 956038921 Norton Simon Art Foundation NORT 6264327740 385 E Colorado Blvd 240 Pasadena CA 91101 Ronald H Dykhuizen CFO 2024-10-16 true true Travis L Patton P00369623 2024141000 2022 2024-10-15 13:58:12Z X 2065162366 X X 5339 5339 5339 3182669 3182669 3182669 1422000 1422000 1422000 1335816 452927 956224 798618 2800 4045 -1245 -1245 419407 1442350 419407 5481097 6850976 5028170 816563 310294 310294 506269 1047743 126255 126255 902266 605533 157674 157674 455619 121060 56240 54240 63873 42000 7900 7900 37478 420584 269974 269974 157454 246366 14783 14783 52195 10439 10439 41116 77869 13730 13730 64939 28968 29395 1328930 166447 484963 866263 4787811 1133736 1450252 3124672 0 0 4787811 1133736 1450252 3124672 693286 5717240 3577918 3350 1857 1857 204686 101216 101216 21402 27659 21402 21402 55920 91676 91676 542316 583660 583660 128481785 139246830 139246830 2255560 1249169 1006391 1006391 32800000 85844366 85156253 85156253 5113436 4405084 752113 708352 708352 158141018 158253501 1806451120 375059604 385171138 2065162366 738528 704511 69302 738528 773813 X 374321076 384397325 374321076 384397325 375059604 385171138 374321076 693286 9382963 384397325 384397325 1456shs BlackRock MSCI ACWI Min Vol Ind Fd B LT P 2017-07-31 2023-11-01 26119 19007 7112 7112 Cohen & Steers Real Assets Fund I P 2023-01-01 2023-01-01 30105 30105 11999shs JPMorgan US Large Cap 130/30 Fund LT P 2017-08-31 2023-10-31 500000 237821 262179 262179 219 shs Weatherlow Offshore Fund I Ltd Cl 1a LT P 2010-12-01 2023-01-03 400000 216364 183636 183636 K-1 - BlackRock MSCI ACWI Min Vol Ind LT P 2010-01-01 2023-01-01 137164 137164 137164 K-1 - BlackRock MSCI ACWI Min Vol Ind ST P 2023-01-01 2023-01-01 598860 -598860 -598860 K-1 - BlackRock U.S. TIPS Fund B - LT P 2010-01-01 2023-01-01 19535 19535 19535 K-1 - BlackRock U.S. TIPs Fund B - ST P 2023-01-01 2023-01-01 136 136 136 K-1 - JPMorgan US Large Cap 130/30 Fd LT P 2010-01-01 2023-01-01 2032945 2032945 2032945 K-1 - JPMorgan US Large Cap 130/30 Fd ST P 2023-01-01 2023-01-01 1245229 -1245229 -1245229 798618 -1843953 X 1987-07-15 N/A false false false false false false false true true CA true true false false false true www.nortonsimonartfoundation.org Ronald H Dykhuizen 6264327740 385 E Colorado Blvd Ste 240 Pasadena CA 91101 false false false true true false false false false false false false false false false false false false false false false false Walter W Timoshuk 385 E Colorado Blvd Ste 240 Pasadena CA 91101 President 30.00 419583 124512 Ronald H Dykhuizen 385 E Colorado Blvd Ste 240 Pasadena CA 91101 CFO 30.00 211542 71190 Stephanie Villasenor 385 E Colorado Blvd Ste 240 Pasadena CA 91101 Secretary 37.50 185438 23712 Sara Campbell Abdo 385 E Colorado Blvd Ste 240 Pasadena CA 91101 Trustee 1.00 0 Dr Johannes Czernin 385 E Colorado Blvd Ste 240 Pasadena CA 91101 Trustee 1.00 0 Thomas L Pfister 385 E Colorado Blvd Ste 240 Pasadena CA 91101 Trustee 1.00 0 Dr Michael E Phelps 385 E Colorado Blvd Ste 240 Pasadena CA 91101 Trustee 1.00 0 Nancy Shelmon 385 E Colorado Blvd Ste 240 Pasadena CA 91101 Trustee 1.00 0 Nina Shepherd 385 E Colorado Blvd Ste 240 Pasadena CA 91101 Trustee 1.00 0 Leslie Denk 385 E Colorado Blvd Ste 240 Pasadena CA 91101 Dir of Ext Affairs 28.00 109313 32886 John Griswold 385 E Colorado Blvd Ste 240 Pasadena CA 91101 Head of Conserv 28.00 92407 22005 Sandra Chen 385 E Colorado Blvd Ste 240 Pasadena CA 91101 Sen Accountant 28.00 76771 32001 Emily Talbot 385 E Colorado Blvd Ste 240 Pasadena CA 91101 Chief Curator 19.00 61667 15228 Jennifer Johnson 385 E Colorado Blvd Ste 240 Pasadena CA 91101 Sen Graphic Design 28.00 59545 30132 4 Meriplex Solutions LLC 10111 Richmond Avenue Ste 500 Houston TX 77042 IT services 137736 Wilshire Advisors LLC 1299 Ocean Avenue Ste 700 Santa Monica CA 90401 Investment consultant 64032 Latham & Watkins LLP 355 South Grand Avenue Ste 100 Los Angeles CA 90071 Legal services 103838 The Foundation maintains an art collection, which it loans to museums for exhibition to the public. Most of the Foundation's art is on loan to the Norton Simon Museum. 2863702 Acquisition of equipment and miscellaneous capitalized expenditures for the promotion of the Foundation's charitable purpose. 275466 The Foundation produces scholarly catalogues on the collections displayed at the Norton Simon Museum. 134468 The Foundation conducts a series of art-related lectures and performances. Art-related lectures and performances were presented to the public both virtually and in-person at the Norton Simon Museum. 126502 217262121 644543 32870055 250776719 0 250776719 3761651 247015068 12350753 X 3124672 275466 3400138 1971-09-08 X 3577918 3014696 3250925 2824061 12667600 3041230 2562492 2763286 2400452 10767460 3400138 3269147 3060872 2997318 12727475 3400138 3269147 3060872 2997318 12727475 2057998103 2063264196 2075619886 2032597755 360454652 1807148311 1806921418 1806145776 1799779763 1369939324 0 X Management Fee Income 419100 14 5339 14 3182669 16 1335816 15 307 18 452927 -1245 4977058 417855 5394913 1a The Foundation provides support services to The Norton Simon Foundation (a 501(c)(3) organization) for a management fee. 10 Inventory sold is limited to scholarly art catalogues produced by the Foundation. false false false false false false false false false false Audit, tax and accounting fees 42000 7900 7900 37478 Walter W Timoshuk Mr. Timoshuk is also a Trustee and Chair.Employee benefit plans contribution amount includes $66,072 accrued to a nonqualified deferred compensation plan that is unfunded, unvested, and subject to a substantial risk of forfeiture. Reported amounts include $83,917 of compensation and $11,688 of benefits related to support services provided to The Norton Simon Foundation. Ronald H Dykhuizen Mr. Dykhuizen is also a Trustee, Vice President, Treasurer and Assistant Secretary. Employee benefit plans contribution amount includes $33,525 accrued to a nonqualified deferred compensation plan that is unfunded, unvested, and subject to a substantial risk of forfeiture. On our about July 1, 2023, nonqualified deferred compensation amounts that were previously reported as accrued but unpaid and unvested were paid out to Mr. Dykhuizen pursuant to his nonqualified deferred compensation plan. Total Officers' Compensation Per Statement 16 $816,563Plus Deferred Comp Distributed During FYE 11/30/23 $151,394Total Comp of Officers Per Payroll $967,957Reported amounts include $42,308 of compensation and $7,533 of benefits related to support services provided to The Norton Simon Foundation. Stephanie Villasenor Ms. Villasenor is also Vice President. Reported amounts include $37,088 of compensation and $4,742 of benefits related to support services provided to The Norton Simon Foundation. Dr Michael E Phelps Dr. Phelps is also Vice President. Part XIII, 3a(1) & 3a(2), col e Statement Re Form 990 PF, Part XIII, Lines 3a(1) and 3a(2), column (e)Due to limitations of the software used to prepare this return, incorrect totals are listed in column (e) for Lines 3a(1) and 3a(2) in Part XIV of this Form 990 PF. The software is not able to print correct totals for Lines 3a(1) and 3a(2) in column (e). The correct totals for these Lines 3a(1) and 3a(2) are listed below.Line 3a(1), column (e): $8,229,479,940Line 3a(2), column (e): $7,219,995,268 BlackRock MSCI ACWI Min Vol Index Fund B 44865108 44865108 EuroPacific Growth Fund 37480834 37480834 JPMorgan U.S. Large Cap 130/30 Fund 32526316 32526316 Vanguard Total Stock Market Index Fund 24374572 24374572 Buildings 1249169 1249169 2800000 Land 1006391 1006391 30000000 Dodge & Cox Income Fund FMV 35109554 35109554 Vanguard Long-Term Treas Index Fund FMV 5387481 5387481 The Weatherlow Offshore Fund I Ltd. FMV 24018089 24018089 Hillcrest Beverly Oil Corp (Royalty Int) FMV 863 863 Northern Trust - US Gov't Portfolio FMV 123798 123798 Cohen & Steers Real Assets Fund-Class I FMV 20516468 20516468 Furniture and Fixtures 4204831 3544914 659917 659917 Documentary Films & Podcasts 880517 832082 48435 48435 Leasehold Improvements 28088 28088 Art related legal fees 30351 0 0 30027 EE benefits related legal fees 45354 10885 10885 33846 Real estate related legal fees 45355 45355 43355 0 Collection of Art 157983813 157983813 1805685640 Frames 148205 192370 688162 Other 9000 9000 9000 Right of Use Asset 68318 68318 Advertising 89017 83654 Art Conservation 40089 39635 Audio Tour Expense 1300 1300 Business Expense 31810 7634 7634 24176 Computer Supplies & Expense 72616 17428 17428 62789 Exhibits 50409 47520 Insurance - Art 485933 493361 Insurance - Crime&Prop 11540 11540 11540 Insurance - Other 37538 9009 9009 28190 Investment - Custodian fee 12257 12257 12257 Management Fee Adjustment 318516 -318516 Offsite Storage 22962 5511 5511 20328 Other Art Expenses 230595 242383 Other Office Expenses 70346 16884 16884 57689 Publicity 40145 39565 Rental Expenses 86184 86184 86184 Rights & Reproductions 330 330 Scholarly Catalogues 45859 43859 Management Fee Income 419100 100584 419100 Other Investment Income 307 1341766 307 Net change in unrealized gain on investment 9382963 Lease liability 69302 Investment consulting fees 82782 82782 82782 0 Investment management fees 145549 145549 145549 0 IT service fees 137736 33057 33057 115037 Miscellaneous consulting fees 54517 8586 8586 42417 Scholarly catalogues 2800 4045 -1245