2024-11-11T11:57:19-06:00 2023-12-31 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2023-01-01 135562233 SOLOMON R GUGGENHEIM FOUNDATION SOLO 2123604216 1071 FIFTH AVENUE NEW YORK NY 10128 MARTHA WITHINGTON CFO 2123604216 2024-11-07 1 1 DANIEL ROMANO P00504182 2125990100 2023 2024-10-15 13:58:12Z MARIET WESTERMANN 1071 FIFTH AVENUE NEW YORK NY 10128 176072214 0 X WWW.GUGGENHEIM.ORG X 1937 NY COMMITTED TO INNOVATION, THE SOLOMON R. GUGGENHEIM FOUNDATION COLLECTS, (CONTINUED ON SCHEDULE O) 27 27 580 0 907498 378693 44263492 27055199 28149438 34202215 -310705 16234210 3831585 5105479 75933810 82597103 0 0 0 0 35995704 40845804 137405 106705 5227050 35024220 42073075 71157329 83025584 4776481 -428481 232151018 220937957 111230668 104062221 120920350 116875736 X COMMITTED TO INNOVATION, THE SOLOMON R. GUGGENHEIM FOUNDATION (THE "FOUNDATION") COLLECTS, (CONTINUED ON SCHEDULE O) 0 0 24876806 0 33610232 DURING 2023, THE FOUNDATION DIRECTLY OPERATED TWO MUSEUMS: THE SOLOMON R. GUGGENHEIM MUSEUM IN NEW YORK AND THE PEGGY GUGGENHEIM COLLECTION IN VENICE. BOTH MUSEUMS ARE OPEN TO THE PUBLIC, CONDUCT VIRTUAL TOURS OF EXHIBITIONS AND PROVIDE EDUCATIONAL TEXTS FREE OF CHARGE IN FULLFILMENT OF THE FOUNDATION'S MISSION. THE GUGGENHEIM MUSEUM WAS OPEN TO THE PUBLIC ONE EVENING OF EACH WEEK ON A PAY-WHAT-YOU-WISH BASIS. CHILDREN UNDER THE AGE OF 12 ARE ADMITTED FOR FREE. (CONTINUED ON SCHEDULE O). 17048348 0 0 AS PART OF ITS MISSION, THE FOUNDATION COLLECTS AND PRESERVES ART FOR THE BENEFIT OF THE PUBLIC IN SEVERAL WAYS. THE FOUNDATION STUDIES THE ART IN THE FOUNDATION'S POSSESSION AND PLANS INTERNATIONAL EXHIBITIONS FOR PUBLIC VIEWING. THE FOUNDATION ALSO LENDS MANY OF THE WORKS OF ART IN ITS COLLECTION TO OTHER MUSEUMS ON THE OCCASION OF SPECIAL EXHIBITIONS THAT ARE OF SCHOLARLY MERIT OR THAT WILL BROADEN THE PUBLIC'S APPRECIATION OF ART. THE FOUNDATION MAINTAINS EXTENSIVE CLIMATE-CONTROLLED, HIGHLY SECURE STORAGE FACILITIES FOR THE ART IN ITS COLLECTION. IT ALSO OPERATES A PHOTOGRAPHY STUDIO FOR THE DOCUMENTATION OF ART AND ARCHIVES TO STORE PHOTOGRAPHS OF ART AND MAKE THEM AVAILABLE TO THE PUBLIC FOR PUBLICATION OR STUDY. (CONTINUED ON SCHEDULE O) 5278512 0 591983 THE FOUNDATION'S EDUCATION AND PUBLIC PROGRAMMING DEPARTMENTS ENGAGED THE GENERAL PUBLIC THROUGH NUMEROUS PROGRAMS FOR SCHOOL, YOUTH, FAMILY AND ADULT AUDIENCES THAT INCLUDED GUIDED AUDIO TOURS (FREE WITH ADMISSION), THE GALLERY GUIDE PROGRAM, WEEKLY FAMILY PROGRAMS, FILM SCREENINGS, COURSES, LECTURES, SYMPOSIA, PERFORMANCES AND OTHER PROGRAMS. FAMILY PROGRAMS INCLUDE GUGGENHEIM MUSEUSM TOURS AND ART MAKING WORKSHOPS. THE GUGGENHEIM FOR ALL PROGRAMMING AIMS TO PROVIDE A DEVELOPMENTALLY SOUND MUSEUM EXPERIENCE AND ART-MAKING OPPORTUNITY FOR STUDENTS ON THE AUTISM SPECTRUM. THE FOUNDATION CONTINUED TO OFFER ADULT, UNIVERSITY AND K-12 STUDENT ON-SITE AND VIRTUAL TOURS WHERE ON-SITE TOURS ARE FREE FOR NYC PUBLIC SCHOOL STUDENTS. (CONTINUED ON SCHEDULE O) 6879135 0 0 DISSEMINATING CURRENT SCHOLARSHIP AND PROMOTING LEARNING ARE THE PRIMARY GOALS OF THE MANY EXHIBITION AND COLLECTION CATALOGUES PRODUCED BY THE FOUNDATION. PUBLICATIONS PRESENT SCHOLARLY AND INSTRUCTIVE ART HISTORICAL INFORMATION IN THE FORM OF ESSAYS THAT CONTEXTUALIZE ART WITHIN LARGER MOVEMENTS OR DISCIPLINES; IN-DEPTH DISCUSSIONS OF INDIVIDUAL ARTWORKS; INTERVIEWS WITH ARTISTS AND REFERENCE TOOLS SUCH AS BIBLIOGRAPHIES, BIOGRAPHIES, CHRONOLOGIES, AND EXHIBITION HISTORIES. PUBLICATIONS IN 2023 INCLUDED ONLY THE YOUNG: EXPERIMENTAL ART IN KOREA: 1960S - 1970S; GOING DARK: THE CONTEMPORARY FIGURE AT THE EDGE OF VISIBILITY; AND SARAH SZE: TIMELAPSE. SIGNIFICANT EXHIBITION, COLLECTIONS, EDUCATION, AUDIO, VIDEO, AND CATALOGUES ARCHIVES CONTENT IS AVAILABLE TO THE PUBLIC, FREE OF CHARGE, ON GUGGENHEIM.ORG INCLUDING MORE THAN 1,920 ARTWORKS BY MORE THAN 700 ARTISTS IN THE COLLECTION ONLINE. IN 2023 THE FOUNDATION PUBLISHED 9 VIDEOS AND 156 AUDIO TRACKS, BRINGING THE TOTAL VIDEOS AVAILABLE ON THE SITE TO NEARLY 630 AND AUDIO TRACKS TO APPROXIMATELY 1,500. ADDITIONALLY, IN 2023, THE FOUNDATION PUBLISHED 17 BLOG POSTS THAT PROVIDE INSIGHTS INTO EXHIBITIONS, CONTEMPORARY ART, GLOBAL CULTURE, AND MUSEUM ARCHIVES AND HISTORY, BRINGING THE TOTAL NUMBER AVAILABLE ONLINE TO APPROXIMATELY 1,200. IN 2023, GUGGENHEIM.ORG HAD APPROXIMATELY 3,880,000 USER SESSIONS, 2,537,300 USERS AND 21,641,800 PAGE VIEWS. THE GUGGENHEIM DIGITAL GUIDE, AVAILABLE ON THE BLOOMBERG CONNECTS APP, HAS PROVIDED DEEP ENGAGEMENT FOR DIVERSE AUDIENCES WITH THE GUGGENHEIM MUSEUM'S MODERN AND CONTEMPORARY ART, IN THE MUSEUM AND AT HOME. THE DOWNLOADABLE APP WAS USED MORE THAN 70,650 TIMES BY MORE THAN 37,220 PEOPLE IN 2023. 6879135 0 0 54082801 1 1 0 1 0 0 0 1 0 1 1 1 0 1 1 1 1 0 0 1 1 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 1 247 0 1 580 1 1 1 1 CJ IT 0 0 0 1 1 0 0 0 0 0 0 X 27 27 1 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 AL AK AZ AR CA CO CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN TX UT VA WA WV WI X X COLETTE CHESTNUT 2123604216 1071 FIFTH AVENUE NEW YORK NY 10128 RICHARD ARMSTRONG THRU 0723 TRUSTEE/DIR. OF MUSEUM & FDTN. 40.00 0.00 X X 854776 0 403246 JON IMANOL AZUA TRUSTEE 3.00 0.00 X 0 0 0 LISA BAKER TRUSTEE 3.00 0.00 X 0 0 0 ABIGAIL WILLIAMS BARATTA TRUSTEE 3.00 0.00 X 0 0 0 CINDY CHUA-TAY TRUSTEE 3.00 0.00 X 0 0 0 PAUL CRONSON TRUSTEE 3.00 0.00 X 0 0 0 DIMITRIS DASKALOPOULOS TRUSTEE/VICE-PRESIDENT 5.00 0.00 X X 0 0 0 CHARLES M DIKER TRUSTEE/VICE-PRESIDENT 5.00 0.00 X X 0 0 0 THOMAS R ELLIS TRUSTEE 5.00 0.00 X 0 0 0 GAIL MAY ENGELBERG TRUSTEE 5.00 0.00 X 0 0 0 WENDY FISHER TRUSTEE/PRESIDENT 8.00 0.00 X X 0 0 0 ANDREW GUNDLACH TRUSTEE 3.00 0.00 X 0 0 0 J TOMILSON HILL TRUSTEE/CHAIR 8.00 0.00 X X 0 0 0 RASHID JOHNSON TRUSTEE/VICE-PRESIDENT (THRU 11/23) 5.00 0.00 X X 0 0 0 FRANCESCA LAVAZZA TRUSTEE 3.00 0.00 X 0 0 0 PETER LAWSON-JOHNSTON TRUSTEE/HONORARY CHAIR 3.00 0.00 X X 0 0 0 PETER LAWSON-JOHNSTON II TRUSTEE 3.00 0.00 X 0 0 0 WILLIAM L MACK TRUSTEE/CHAIR EMERITUS 5.00 0.00 X 0 0 0 LINDA MACKLOWE TRUSTEE/VICE-PRESIDENT 3.00 0.00 X X 0 0 0 WENDY L-J MCNEIL TRUSTEE/VICE-PRESIDENT 5.00 0.00 X X 0 0 0 MITCHELL MORGAN TRUSTEE (AS OF 03/23) 3.00 0.00 X 0 0 0 CLAUDIA RANKINE TRUSTEE 3.00 0.00 X 0 0 0 STEPHEN ROBERT TRUSTEE/TREASURER 5.00 0.00 X X 0 0 0 BRIAN ROBINSON TRUSTEE 3.00 0.00 X 0 0 0 DENISE SAUL TRUSTEE/VICE-PRESIDENT (THRU 12/23) 5.00 0.00 X X 0 0 0 HARVEY M SCHWARTZ TRUSTEE (AS OF 06/23) 3.00 0.00 X 0 0 0 BARBARA SLIFKA TRUSTEE 3.00 0.00 X 0 0 0 MARK R WALTER TRUSTEE 2.00 0.00 X 0 0 0 MARIET WESTERMANN TRUSTEE (AS OF 11/23) 3.00 0.00 X 0 0 0 FRANK YU TRUSTEE 3.00 0.00 X 0 0 0 SARAH G AUSTRIAN DEP DIR, GEN COUNSEL & SEC. 40.00 0.00 X 466284 0 41130 MARTHA WITHINGTON DEP DIR, CFO AND INTERIM COO 40.00 0.00 X 469132 0 58070 DANA WALLACH JONES ASST GEN COUNSEL/ASST SECRETARY 24.00 0.00 X 118101 0 6125 KAROLE VAIL DIR, PEGGY GUGGENHEIM COLLECTION 40.00 0.00 X 241680 0 102532 LEAH HEISTER BURTON THRU 0723 DEP DIR, CHIEF ADVANCEMENT OFFICER 40.00 0.00 X 239102 0 36526 NAOMI BECKWITH DEP DIR & STOCKMAN CHIEF CURATOR 40.00 0.00 X 409259 0 38462 BEN RAWLINGSON PLANTTHRU 1123 DEP DIR GBL COMMS PUB AFFAIRS 40.00 0.00 X 321467 0 18974 PATRICIA A JEFFERS DEP DIR CHIEF HR OFFICER 40.00 0.00 X 299231 0 21569 TY WOODFOLK DEP DIR CHIEF CULTURE&INCL. OFFICER 40.00 0.00 X 253596 0 15556 CYRA LEVENSON DEP DIR&ENGELBERG DIR EDUC&PUB ENG 40.00 0.00 X 238890 0 50005 CAROL STRINGARI DEP DIR & CHIEF CONSERVATOR 40.00 0.00 X 207263 0 29486 4118781 0 821681 65 0 1 0 ALLIED UNIVERSAL 85 BROAD STREET NEW YORK NY 10004 SECURITY 1334021 AMS INTERNATIONAL GROSVENOR BIZ TOWERS 20TH/OFF 2011 BARSHA HTS DUBAI AE CONTRACT STAFFING 1188479 CROTHALL HEALTHCARE 1500 LIBERTY RIDGE DRIVE 210 WAYNE PA 19087 JANITORIAL 1169172 KIBOWORKS 9580 OAK AVE PKWY STE 7-211 FOLSOM CA 95630 FABRICATION 1100000 RESTAURANT ASSOCIATES 1071 FIFTH AVENUE NEW YORK NY 10128 FOOD SERVICES 642215 38 4012684 2435451 420335 20186729 488034 27055199 ADMISSION INCOME 712110 19062869 19062869 MUSEUM AND PROGRAM COLLABORATIONS 712110 11188411 11188411 EXHIBITIONS 712110 3950935 3950935 34202215 2163425 2163425 2185215 581026 1604189 117145 116211 934 934 934 104709523 90638738 14070785 14070785 14070785 62629 2435451 1807879 -1745250 -1745250 2582440 912283 1670157 326472 1343685 ART SALE PROCEEDS 900099 1529820 1529820 CORPORATE EVENTS 900099 852351 852351 RESTAURANT INCOME 900099 404903 404903 207349 207349 2994423 82597103 34202215 907498 20432191 3484427 447722 2761077 275628 30032342 18828405 8844726 2359211 924190 660447 206481 57262 4243840 2197686 1701305 344849 2161005 1436496 536923 187586 1821708 469769 1351939 820107 39753 780354 394262 394262 90050 90050 106705 106705 564883 564883 5963780 5620046 12844 330890 1083477 179847 883789 19841 1920063 1005552 583005 331506 1142776 303748 744303 94725 27197 27197 9340288 7695066 1256343 388879 1379900 970604 173663 235633 130346 19569 9284 101493 1619263 1355075 202393 61795 4311919 3479017 684099 148803 696183 107750 588433 ART PURCHASES 4348240 4348240 0 0 ART SHIPPING & CRATING 2248336 2195900 43224 9212 SUPPLIES AND MATERIALS 1597503 1222749 314873 59881 2572794 1472163 987480 113151 83025584 54082801 23715733 5227050 21612320 18872618 1296027 6871196 20293556 15594909 6716087 2978740 976211 1004499 2235361 1156014 126595491 86297021 42326772 40298470 35589495 58575573 77711024 56673608 23394165 18912330 232151018 220937957 10972986 8664796 38961993 38500003 32067241 32082207 29228448 24815215 111230668 104062221 X 3980761 5901531 116939589 110974205 120920350 116875736 232151018 220937957 X -428481 -4639656 1023523 X 0 1 X 1 0 X 31680309 27148535 49104795 44263492 27055199 179252330 31680309 27148535 49104795 44263492 27055199 179252330 9322736 169929594 3052099 1702076 1465667 2921687 3884759 13026288 1195673 156554 262895 605042 907498 3127662 13251758 1478183 1189455 2944806 3057052 21921254 217327534 130916626 0.78190 0.79210 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING EVENTS - 2019 AMOUNT: $ 822,373. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 917,868. 2022 AMOUNT: $ 1,069,606. 2023 AMOUNT: $ 62,629. ART SALE PROCEEDS - 2019 AMOUNT: $ 11,579,127. 2020 AMOUNT: $ 1,005,078. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 1,126,656. 2023 AMOUNT: $ 1,529,820. CORPORATE EVENTS - 2019 AMOUNT: $ 406,500. 2020 AMOUNT: $ 52,500. 2021 AMOUNT: $ 164,680. 2022 AMOUNT: $ 449,630. 2023 AMOUNT: $ 852,351. RESTAURANT INCOME - 2019 AMOUNT: $ 435,889. 2020 AMOUNT: $ 417,461. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 250,847. 2023 AMOUNT: $ 404,903. MISCELLANEOUS INCOME - 2019 AMOUNT: $ 7,869. 2020 AMOUNT: $ 3,144. 2021 AMOUNT: $ 55,190. 2022 AMOUNT: $ 48,067. 2023 AMOUNT: $ 207,349. TAX REFUNDS/CREDITS - 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 51,717. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 47429 0 0 47429 0 PART II-B, LINE 1: THE FOUNDATION'S RETAINED LOBBYIST AND A LIMITED NUMBER OF FOUNDATION EMPLOYEES MET DIRECTLY WITH NEW YORK CITY PUBLIC OFFICIALS, ON A LIMITED NUMBER OF OCCASIONS, TO DISCUSS ENGAGEMENT WITH CITY ELECTED OFFICIALS AND RELATED LEGISLATIVE PROPOSALS FOR MUSEUM FUNDING. 1 X X X X 0 123177187 6189734 10784874 15569764 124582031 133766250 11353253 -17977519 3964797 123177187 130634540 7053835 5188548 9110673 133766250 102669105 5361791 18665464 -3938180 130634540 85538857 8770359 10960534 2600645 102669105 0.20000 0.75000 0.05000 0 0 2906643 2906643 102199163 74625754 27573409 14590925 8616736 5974189 3583121 2996585 586536 3315639 57946 3257693 40298470 EQUITY FUNDS 26179539 F FIXED INCOME FUNDS 9627553 F EVENT/CREDIT ARBITRAGE FUNDS 4706452 F FUND OF HEDGE FUNDS 9639222 F INTERNATIONAL FUNDS 6520842 F 56673608 RIGHT-OF-USE ASSET 18912330 18912330 LEASE LIABILITY 24815215 24815215 X 78421058 -4639656 -4639656 83060714 564883 -1028494 -463611 82597103 82752995 1028494 1028494 81724501 564883 736200 1301083 83025584 PART III, LINE 1A: IN ACCORDANCE WITH INDUSTRY PRACTICE, ART OBJECTS PURCHASED, DONATED AND BEQUEATHED ARE INCLUDED IN PERMANENTLY RESTRICTED NET ASSETS AT A VALUE OF $1. CONTRIBUTIONS FOR THE PURCHASE OF COLLECTION ITEMS, NET ASSETS RELEASED FROM RESTRICTIONS FOR COLLECTION ITEMS PURCHASED AND DIRECT CARE OF THE COLLECTION, THE COST OF ALL COLLECTION ITEMS PURCHASED AND PROCEEDS FROM THE SALE OF DEACCESSIONED ART ARE REPORTED AS CHANGES IN NET ASSETS RELATED TO COLLECTION ITEMS PURCHASED AND SOLD IN THE STATEMENT OF ACTIVITIES. PART III, LINE 4: THE FOUNDATION'S PERMANENT COLLECTION WAS FORMED IN LARGE PART THROUGH THE ACQUISITION OF NOTABLE PRIVATE COLLECTIONS, AUGMENTED BY ACQUISITIONS UNDER THE LEADERSHIP OF THE FOUNDATION'S DIRECTORS AND CURATORS, AND WITH THE SUPPORT OF THE FOUNDATION'S ACQUISITION GROUPS. THESE COLLECTIONS FORM A UNIQUE GLOBAL COLLECTION THAT REFLECTS THE RICH TRAJECTORY OF ART FROM THE LATE 19TH CENTURY THROUGH THE PRESENT. PART V, LINE 4: THE FOUNDATION'S ENDOWMENT FUNDS ARE USED FOR EDUCATIONAL PROGRAMS, IN SUPPORT OF CURATORIAL AND EDUCATION POSITIONS AND FOR ART PURCHASES, SCHOLARLY PUBLICATIONS, EXHIBITIONS, THE PGC'S INTERNSHIP PROGRAM, CONSERVATION AND COLLECTION CARE, A CONSERVATION FELLOWSHIP, AND FOR GENERAL SUPPORT OF THE FOUNDATION'S OPERATIONS. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE ("THE CODE"), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE FOUNDATION'S PGC OPERATIONS ARE SUBJECT TO TAXATION UNDER THE ITALIAN AGENCY OF REVENUE. THE FOUNDATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED BUSINESS INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE FOUNDATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN ITS FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -912,283. RENTAL EXPENSES -116,211. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 912,283. RENTAL EXPENSES 116,211. PART XII, LINE 4B - OTHER ADJUSTMENTS: PENSION PLAN ADJUSTMENTS 736,200. EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES EXHIBITIONS/EDUCATION 267414 NORTH AMERICA 0 0 PROGRAM SERVICES SUSTAINABILITY INITIATIVES 94923 MIDDLE EAST AND NORTH AFRICA 0 51 PROGRAM SERVICES GUGGENHEIM ABU DHABI 2520956 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES EXHIBITIONS 1316922 EUROPE (INCLUDING ICELAND & GREENLAND) 1 47 PROGRAM SERVICES PEGGY GUGGENHEIM COLLECTION 8633001 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 34724701 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 27392948 1 98 0 0 1 98 74950865 0 74950865 1 1 1 0 0 1 X X X X X X 1 DANILLER AND COMPANY 3724 JEFFERSON ST AUSTIN TX 78731 FUNDRAISING CONSULTING 0 888300 106705 781595 888300 106705 781595 AL AK AZ AR CA CO CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN TX UT VA WA WV WI FALL INT'L GALA 2336536 2287136 49400 1560988 YEAR W/CHILD 76875 63646 13229 238288 2 84669 84669 8603 2498080 2435451 62629 1807879 1807879 -1745250 X X X X X 0 1 0 0 0 0 0 0 0 RICHARD ARMSTRONG THRU 0723 TRUSTEE/DIR. OF MUSEUM & FDTN. 854776 0 0 0 0 0 390606 0 12640 0 1258022 0 736200 0 MARTHA WITHINGTON DEP DIR, CFO AND INTERIM COO 469132 0 0 0 0 0 18150 0 39920 0 527202 0 0 0 SARAH G AUSTRIAN DEP DIR, GEN COUNSEL & SEC. 466284 0 0 0 0 0 24750 0 16380 0 507414 0 0 0 NAOMI BECKWITH DEP DIR & STOCKMAN CHIEF CURATOR 409259 0 0 0 0 0 13202 0 25260 0 447721 0 0 0 KAROLE VAIL DIR, PEGGY GUGGENHEIM COLLECTION 241680 0 0 0 0 0 16909 0 85623 0 344212 0 0 0 BEN RAWLINGSON PLANTTHRU 1123 DEP DIR GBL COMMS PUB AFFAIRS 297886 0 0 0 23581 0 7411 0 11563 0 340441 0 0 0 PATRICIA A JEFFERS DEP DIR CHIEF HR OFFICER 299231 0 0 0 0 0 2139 0 19430 0 320800 0 0 0 CYRA LEVENSON DEP DIR&ENGELBERG DIR EDUC&PUB ENG 238890 0 0 0 0 0 13543 0 36462 0 288895 0 0 0 LEAH HEISTER BURTON THRU 0723 DEP DIR, CHIEF ADVANCEMENT OFFICER 239102 0 0 0 0 0 10398 0 26128 0 275628 0 0 0 TY WOODFOLK DEP DIR CHIEF CULTURE&INCL. OFFICER 253596 0 0 0 0 0 1783 0 13773 0 269152 0 0 0 CAROL STRINGARI DEP DIR & CHIEF CONSERVATOR 207263 0 0 0 0 0 15820 0 13666 0 236749 0 0 0 PART I, LINE 4B NONQUALIFIED RETIREMENT PLAN THE DIRECTOR OF THE MUSEUM AND FOUNDATION PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. AN ACCRUAL FOR FUTURE PAYMENTS HAS BEEN MADE AND IS REFLECTED ABOVE. PART II, COLUMN B(I): THE DEPUTY DIRECTOR AND JENNIFER AND DAVID STOCKMAN CHIEF CURATOR, THE DEPUTY DIRECTOR, CHIEF FINANCIAL OFFICER AND INTERIM CHIEF OPERATING OFFICER, AND THE DEPUTY DIRECTOR, GENERAL COUNSEL AND SECRETARY RECEIVED TEMPORARY COMPENSATION ADJUSTMENTS IN CONNECTION WITH THE ASSUMPTION OF ADDITIONAL MANAGEMENT RESPONSIBILITIES UNTIL A NEW DIRECTOR WAS HIRED. PART II, COLUMN C - DEFERRED COMPENSATION: UNDER A MULTI-YEAR CONTRACTUAL AGREEMENT WITH MR. ARMSTRONG, SCHEDULE J, COLUMN C INCLUDES DEFERRED COMPENSATION OF $368,100 FOR CONTINUED SERVICE TO JULY 2023 WITH $368,100 TO BE PAID IN JANUARY 2024. X 66 N/A X 10 488034 FMV 0 0 1 1 PART I, COLUMN (B): THE FOUNDATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. PART I, LINE 32B: THE FOUNDATION ENGAGES THIRD PARTIES TO SELL DEACCESSIONED WORKS OF ART AND WORKS OF ART THAT HAVE NOT BEEN ACCESSIONED. SCHEDULE M, LINE 33: IN ACCORDANCE WITH INDUSTRY PRACTICE, ART OBJECTS PURCHASED, DONATED AND BEQUEATHED ARE INCLUDED IN PERMANENTLY RESTRICTED NET ASSETS AT A VALUE OF $1. CONTRIBUTIONS FOR THE PURCHASE OF COLLECTION ITEMS, NET ASSETS RELEASED FROM RESTRICTIONS TO PURCHASE COLLECTION ITEMS, THE COST OF ALL ART PURCHASED AND THE PROCEEDS FROM THE SALE OF ART ARE REPORTED AS CHANGES IN NET ASSETS RELATED TO COLLECTION ITEMS PURCHASED AND SOLD IN THE STATEMENT OF ACTIVITIES. FORM 990, PART I, LINE 1 & PART III, LINE 1: MISSION STATEMENT (CONTINUED) PRESERVES, AND INTERPRETS MODERN AND CONTEMPORARY ART, AND EXPLORES IDEAS ACROSS CULTURES THROUGH DYNAMIC CURATORIAL AND EDUCATIONAL INITIATIVES AND COLLABORATIONS. WITH ITS CONSTELLATION OF ARCHITECTURALLY AND CULTURALLY DISTINCT MUSEUMS, EXHIBITIONS, PUBLICATIONS, AND DIGITAL PLATFORMS, THE FOUNDATION ENGAGES BOTH LOCAL AND GLOBAL AUDIENCES. FORM 990, PART III, LINE 4A (CONTINUED): THE GUGGENHEIM ABU DHABI WILL BE LOCATED IN THE CULTURAL DISTRICT OF SAADIYAT ISLAND IN ABU DHABI, THE CAPITAL OF THE UNITED ARAB EMIRATES (UAE). DESIGNED BY INTERNATIONALLY RENOWNED ARCHITECT FRANK GEHRY, THE FUTURE MUSEUM WILL HOUSE ITS OWN MODERN AND COMTEMPORARY ART COLLECTION AND PRESENT SPECIAL EXHIBITIONS. EXHIBITIONS PRESENTED IN 2023 AT THE SOLOMON R. GUGGENHEIM MUSEUM IN NEW YORK (THE "GUGGENHEIM MUSEUM") INCLUDED: NICK CAVE, FOROTHERMORE (NOVEMBER 18, 2022 - APRIL 10, 2023); SARAH SZE; TIMELAPSE (MARCH 31, 2023 TO SEPTEMBER 10, 2023); GEGO: MEASURING INFINITY (MARCH 31, 2023 TO SEPTEMBER 10, 2023); YOUNG PICASSO IN PARIS: (MAY 12, 2023 TO AUGUST 6, 2023); ONLY THE YOUNG: EXPERIMENTAL ART IN KOREA, 1960'S-1970'S (SEPTEMBER 1, 2023 TO JANUARY 7, 2024); AND GOING DARK: THE CONTEMPORARY FIGURE AT THE EDGE OF VISIBILITY (OCTOBER 20, 2023 TO APRIL 7, 2024). SELECTIONS FROM THE GUGGENHEIM MUSEUM COLLECTION WERE ALSO ON VIEW IN THE THANNHAUSER GALLERY. EXHIBITIONS PRESENTED IN 2023 AT THE PEGGY GUGGENHEIM COLLECTION IN VENICE INCLUDED: EDMONDO BACCI: ENERGY AND LIGHT (APRIL 1, 2023 TO SEPTEMBER 18, 2023) AND MARCEL DUCHAMP AND THE LURE OF THE COPY (OCTOBER 14, 2023 TO MARCH 18, 2024). SELECTIONS FROM THE PEGGY GUGGENHEIM COLLECTION AND THE HANNELORE B. AND RUDOLPH B. SCHULHOF COLLECTION WERE ALSO ON VIEW. EXHIBITIONS PRESENTED IN 2023 AT THE GUGGENHEIM MUSEUM BILBAO INCLUDED: JOAN MIRO. ABSOLUTE REALITY. PARIS, 1920-1945 (FEBRUARY 10, 2023 TO MAY 28, 2023); OSKAR KOKOSCHKA. A REBEL FROM VIENNA (MARCH 17, 2023 TO SEPTEMBER 3, 2023); LYNETTE YIADOM-BOAKYE. NO TWILIGHT TOO MIGHTY (MARCH 31, 2023 TO SEPTEMBER 10, 2023); YAYOI KUSAMA: 1945 TO NOW (JUNE 27, 2023 TO OCTOBER 8, 2023); AND PICASSO SCULPTOR. MATTER AND BODY (SEPTEMBER 29, 2023 TO JANUARY 14, 2024). SELECTIONS FROM THE GUGGENHEIM MUSEUM BILBAO COLLECTION WERE ALSO ON VIEW THROUGHOUT THE YEAR. FORM 990, PART III, LINE 4B (CONTINUED): THE FOUNDATION MAINTAINS TWO ART CONSERVATION LABS TO PROPERLY CARE FOR THE ART IN ITS POSSESSION; IT ALSO CONDUCTS RESEARCH ON NEW TECHNIQUES IN ART CONSERVATION. IN 2023, THE GUGGENHEIM ACQUIRED 102 WORKS BY MORE THAN 60 ARTISTS, OVER HALF OF WHOM ARE NEW TO THE COLLECTION. THE WORKS, SPANNING FROM 1928 TO THE PRESENT DAY, FURTHER THE GUGGENHEIM'S COMMITMENT TO EXPANDING THE PURVIEW OF ITS INTERPRETATION AND PRESENTATION OF MODERN AND CONTEMPORARY ART BY FOCUSING ON ACQUIRING WORKS THAT EMBODY DIVERSITY AND INNOVATION. THE ACQUISITIONS COMPRISE A DIVERSE GROUP OF MODERN AND CONTEMPORARY WORKS ACROSS VARIOUS MEDIUMS, INCLUDING ANDRE MASSON'S PAINTING LE DORMEUR (1942); BARBARA CHASE-RIBOUD'S SCULPTURE PUSHKIN (1984-85); AND SANFORD BIGGERS'S WALL-BASED TEXTILE SCULPTURE POLY (2023). HIGHLIGHTS ALSO INCLUDE WORKS BY ARTISTS WHO HAVE RECENTLY EXHIBITED AT THE GUGGENHEIM: NICK CAVE'S GESTALT (2012) AND ARM PEACE (2019); ALEX KATZ'S MUNA (1990), SUNG NEUNG KYUNG'S HERE (1975), AND SUNRISE (2019); MIRROR (1975), AND MEASURE (1975); AND LEE KUN-YONG'S SNAIL'S GALLOP (1975/2023). NEW WORKS BY ARTISTS SUCH AS SOL CALERO, SHEROANAWE HAKIHIIWE, MOHAMMED AHMED IBRAHIM, AND MOSHEKWA LANGA ENRICH THE MUSEUM'S DEEP HOLDINGS OF INTERNATIONAL ARTISTS. RENOWNED ARTISTS SUCH AS TERRY ADKINS, MARTHA DIAMOND, AND THADDEUS MOSLEY ENTER THE COLLECTION FOR THE FIRST TIME. A GIFT OF THIRTY-FIVE ARTWORKS FROM THE ELIZABETH R. AND MICHAEL M. REA COLLECTION INCLUDES SIGNIFICANT CANVASES BY AD REINHARDT AND ANNE TRUITT AND ALSO ENHANCES THE MUSEUM'S HOLDINGS OF WORKS ON PAPER, INCLUDING DRAWINGS BY ALBERTO GIACOMETTI, ROY LICHTENSTEIN, AND YVES TANGUY. NOTABLY, JACOB LAWRENCE'S TRAGEDY AND COMEDY THEATER, SERIES NO. 2, A TEMPERA AND GESSO PAINTING ON PANEL FROM 1952, IS NOW THE GUGGENHEIM'S EARLIEST WORK BY A BLACK ARTIST. SEVEN VIDEO WORKS BY THE LATE DENNIS OPPENHEIM ENTER THE MUSEUM'S ROBUST COLLECTION OF TIME-BASED MEDIA. FURTHERMORE, TWELVE ARTWORKS WERE ACQUIRED IN HONOR OF RICHARD ARMSTRONG, FORMER DIRECTOR OF THE SOLOMON R. GUGGENHEIM MUSEUM AND FOUNDATION. FORM 990, PART III, LINE 4C (CONTINUED): THE FOUNDATION'S MIND'S EYE PROGRAM EXPLORED CURRENT EXHIBITIONS THROUGH TELECONFERENCE MEETINGS, VIRTUAL TOURS, AND VERBAL DESCRIPTIONS FOR VISITORS WHO ARE BLIND OR HAVE LOW VISION. VISITORS WHO ARE DEAF OR HARD OF HEARING WERE SERVED THROUGH ASL-INTERPRETED VIDEOS. THE FOUNDATION'S LEARNING THROUGH ART PROGRAM CONTINUED TO BRING LIVE INSTRUCTION TO 52 CLASSROOMS ACROSS THE FIVE BOROUGHS OF NEW YORK CITY AND SHOWCASED A SIX WEEK EXHIBITION OF STUDENT WORK IN THE GUGGENHEIM MUSEUM. IN 2023, PROGRAMS FOR TEENS INCLUDED THE GUGG TEENS COLLABORATIVE, TEEN NIGHTS, AND SUMMER AND SCHOOL BREAK INTENSIVE COURSES. THE ACADEMIC ENGAGEMENT DEPARTMENT ALSO ORGANIZED PAID ACADEMIC YEAR AND SUMMER INTERNSHIP PROGRAMS. THE FOUNDATION'S PUBLIC PROGRAMS DEPARTMENT CONTINUED TO OFFER BOTH IN-PERSON AND ONLINE PROGRAMS, SERVING OVER 10,554 PARTICIPANTS. THE POET-IN-RESIDENCE INITIATIVE, WHICH IS CO-PRESENTED WITH THE ACADEMY OF AMERICAN POETS, PRODUCED POETRY AUDIO TRACKS AND VIDEO DOCUMENTS. FORM 990, PART VI, SECTION A, LINE 1A THE FOUNDATION'S BY-LAWS PROVIDE THAT THE EXECUTIVE COMMITTEE MAY EXERCISE ALL OF THE POWERS OF THE BOARD OF TRUSTEES DURING THE INTERVALS BETWEEN MEETINGS OF THE BOARD, EXCEPT: (1) THE POWER TO ELECT OR REMOVE TRUSTEES OR OFFICERS ELECTED BY THE TRUSTEES, (2) THE POWER TO FILL VACANCIES WHICH MAY OCCUR IN THE BOARD OF TRUSTEES OR IN ANY COMMITTEE, (3) THE FIXING OF COMPENSATION OF TRUSTEES FOR SERVING ON THE BOARD OF TRUSTEES OR ANY COMMITTEE, (4) THE AMENDMENT OR REPEAL OF THE BY-LAWS OR THE ADOPTION OF NEW BY-LAWS, (5) THE AMENDMENT OR REPEAL OF ANY RESOLUTION OF THE BOARD OF TRUSTEES WHICH BY ITS TERMS SHALL NOT BE SO AMENDABLE OR REPEATABLE, (6) THE APPROVAL OF A MERGER OR PLAN OF DISSOLUTION, (7) THE AUTHORIZATION OF THE SALE, LEASE, EXCHANGE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE FOUNDATION, AND (8) THE APPROVAL OF AMENDMENTS TO THE CHARTER OF THE FOUNDATION. ON DECEMBER 31, 2023, THERE WERE 8 MEMBERS OF THE EXECUTIVE COMMITTEE. THERE ARE NO MEMBERS OF THE EXECUTIVE COMMITTEE WHO ARE NOT TRUSTEES. FORM 990, PART VI, SECTION A, LINE 1B THE INCOMING DIRECTOR AND CEO OF THE MUSEUM AND FOUNDATION IS INCLUDED AS AN INDEPENDENT TRUSTEE. ALTHOUGH SHE SIGNED AN EMPLOYMENT AGREEMENT AND CONSULTING AGREEMENT IN NOVEMBER 2023, HER CONSULTING ARRANGEMENT DID NOT BEGIN UNTIL JANUARY 2024, HER EMPLOYMENT DID NOT BEGIN UNTIL JUNE 2024, AND SHE RECEIVED NO COMPENSATION FROM THE FOUNDATION IN 2023. FORM 990, PART VI, SECTION A, LINE 2 PETER LAWSON-JOHNSTON, WENDY L-J. MCNEIL AND PETER LAWSON-JOHNSTON II, FAMILY RELATIONSHIP; PETER LAWSON-JOHNSTON II AND MARK WALTER, BUSINESS RELATIONSHIP; LISA BAKER AND WILLIAM MACK, BUSINESS RELATIONSHIP; ANDREW GUNDLACH AND J. TOMILSON HILL, BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION'S FORM 990 IS PREPARED BY AN EXTERNAL CPA FIRM WITH THE SUPPORT OF THE FOUNDATION'S FINANCE AND LEGAL DEPARTMENTS. IT IS THEN REVIEWED BY THE CHIEF FINANCIAL OFFICER AND INTERIM CHIEF OPERATING OFFICER AND THE DEPUTY DIRECTOR, GENERAL COUNSEL AND SECRETARY. THE DRAFT OF FORM 990 IS THEN DISTRIBUTED TO THE AUDIT AND EXECUTIVE COMMITTEE MEMBERS FOR REVIEW. A MEETING IS HELD WITH THE AUDIT AND EXECUTIVE COMMITTEES FOR FURTHER REVIEW AND APPROVAL. THE FORM 990 IS THEN DISTRIBUTED TO THE BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C PURSUANT TO THE CONFLICT OF INTEREST POLICY FOR TRUSTEES AND OFFICERS, TRUSTEES AND OFFICERS DISCLOSE ANNUALLY IN WRITING ANY POTENTIAL OR ACTUAL CONFLICTS AND ARE REQUIRED TO DISCLOSE ANY CONFLICTS THAT ARISE DURING THE YEAR. PROSPECTIVE TRUSTEES ARE ALSO REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS. THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE DISCLOSURES TOGETHER WITH THE DEPUTY DIRECTOR, GENERAL COUNSEL AND SECRETARY. PURSUANT TO THE CODE OF ETHICS, EMPLOYEES MUST DISCLOSE ANY TRANSACTIONS OR RELATIONSHIPS THAT MAY GIVE RISE TO A POTENTIAL OR ACTUAL CONFLICT OF INTEREST WITH THE FOUNDATION. IN ADDITION, EMPLOYEES CONSIDERING ENTERING INTO ANY SUCH TRANSACTION OR RELATIONSHIP MUST OBTAIN APPROVAL IN ADVANCE FROM EITHER THE EMPLOYEE'S SUPERVISOR OR THE ETHICS COMMITTEE, IN ACCORDANCE WITH THE CODE OF ETHICS. ALL NEW HIRES ARE PRESENTED WITH THE CODE OF ETHICS, WHICH IS ALSO AVAILABLE ELECTRONICALLY ON THE FOUNDATION'S INTRANET. HIGHLIGHTS OF THE POLICY ARE DISCUSSED DURING NEW HIRE ORIENTATION. ALL NEW EMPLOYEES ARE ASKED TO SIGN A STATEMENT ATTESTING TO THE FACT THAT THEY HAVE BEEN GIVEN A COPY OF THE CODE OF ETHICS, THAT IT HAS BEEN EXPLAINED TO THEM, AND THAT THEY ARE RESPONSIBLE FOR ADHERING TO IT. THE DIRECTOR, THE CHIEF OPERATING OFFICER AND THE DEPUTY DIRECTOR, GENERAL COUNSEL AND SECRETARY MUST DISCLOSE TO THE AUDIT COMMITTEE ANY TRANSACTION OR RELATIONSHIP THAT MAY GIVE RISE TO A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE CHARTER FOR THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES DESCRIBES THE PROCESS THE COMMITTEE USES FOR DETERMINING THE COMPENSATION OF THE DIRECTOR OF THE MUSEUM AND FOUNDATION AND OTHER MEMBERS OF THE EXECUTIVE STAFF OF THE FOUNDATION. THAT PROCESS INCLUDES: (1) REVIEW AND APPROVAL BY THE COMPENSATION COMMITTEE; (2) THE USE OF COMPARABILITY DATA; AND (3) CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATIONS AND DECISIONS AND ARE REFLECTED IN THE MINUTES OF THE COMPENSATION COMMITTEE. ADDITIONALLY, THE COMPENSATION COMMITTEE USED THIS PROCESS TO APPROVE TEMPORARY COMPENSATION ADJUSTMENTS FOR THE DEPUTY DIRECTOR AND JENNIFER AND DAVID STOCKMAN CHIEF CURATOR, THE DEPUTY DIRECTOR, CHIEF FINANCIAL OFFICER AND INTERIM CHIEF OPERATING OFFICER, AND THE DEPUTY DIRECTOR, GENERAL COUNSEL AND SECRETARY IN CONNECTION WITH THE ASSUMPTION OF ADDITIONAL MANAGEMENT RESPONSIBILTIES UNTIL A NEW DIRECTOR WAS HIRED. THE COMPENSATION COMMITTEE CONSISTS ENTIRELY OF TRUSTEES WHO ARE NOT EMPLOYEES. IN 2023, THE EXECUTIVE STAFF OF THE FOUNDATION INCLUDED THE DIRECTOR; THE DEPUTY DIRECTOR, GENERAL COUNSEL AND SECRETARY; THE DEPUTY DIRECTOR, GLOBAL PUBLIC AFFAIRS AND COMMUNICATIONS; THE DIRECTOR OF THE PEGGY GUGGENHEIM COLLECTION; THE DEPUTY DIRECTOR OF EDUCATION AND PUBLIC ENGAGEMENT; THE DEPUTY DIRECTOR, CHIEF HUMAN RESOURCES OFFICER; THE DEPUTY DIRECTOR, CHIEF CULTURE AND INCLUSION OFFICER; THE DEPUTY DIRECTOR AND JENNIFER AND DAVID STOCKMAN CHIEF CURATOR; AND THE DEPUTY DIRECTOR, CHIEF FINANCIAL OFFICER AND INTERIM CHIEF OPERATING OFFICER. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY FOR TRUSTEES AND OFFICERS, AND FORMS 1023 AND 990-T ARE AVAILABLE UPON WRITTEN REQUEST OR A REQUEST MADE IN PERSON. THE FOUNDATION'S FORM 990 AND AUDITED FINANCIALS ARE AVAILABLE ON THE FOUNDATION'S WEBSITE. FORM 990, PART XI, LINE 9: PENSION PLAN ADJUSTMENTS 736,200. FOREIGN CURRENCY TRANSLATION ADJUSTMENT 287,323. THE FASB UPDATED THE DEFINITION OF COLLECTIONS (ASU 2019-03 TOPIC 958): THE UPDATED DEFINITION PERMITS THE PROCEEDS FROM DEACCESSIONED COLLECTION ITEMS TO BE USED NOT ONLY FOR THE ACQUISITION OF NEW COLLECTION ITEMS BUT ALSO FOR THE DIRECT CARE OF THE COLLECTION. THE BOARD OF TRUSTEES UPDATED THE FOUNDATION'S COLLECTION MANAGEMENT POLICY TO DEFINE DIRECT CARE OF THE COLLECTION. DURING 2023 THE FOUNDATION USED $90,639 OF FUNDS FROM DEACCESSIONING TO SUPPORT THE DIRECT CARE OF THE COLLECTION. GUGGENHEIMCOM INC 1071 FIFTH AVENUE NEW YORK NY 10128 134113745 CEASED OPS DE N/A C 0.55000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0