2025-08-15T16:31:46-05:00 2024-12-31 430765316 RUBINBROWN LLP 7676 FORSYTH BLVD SUITE 2100 SAINT LOUIS MO 63105 990 2024-01-01 431374479 ST LOUIS ART MUSEUM FOUNDATION STLO 3147210072 ONE FINE ARTS DRIVE ST LOUIS MO 631101380 CAROLYN J SCHMIDT DEPUTY DIRECTOR AND CONTROLLER 3147210072 2025-08-13 1 1 MINDY G KRUEGER P01290370 3142903300 2024 2025-03-06 01:10:19Z CAROLYN J SCHMIDT ONE FINE ARTS DRIVE ST LOUIS MO 631101380 70606198 0 X N/A X 1985 MO TO SUPPORT THE SAINT LOUIS ART MUSEUM INCLUDING GENERAL SUPPORT, ART ACCESSIONS, AND EXPANSION. 3 2 0 2 0 0 8992524 10215944 52758 56279 10428226 19443394 140925 31275 19614433 29746892 11981940 10112989 0 0 0 0 0 0 0 273556 279423 12255496 10392412 7358937 19354480 292921867 319172186 2636534 2392804 290285333 316779382 THE SOLE PURPOSE OF THE FOUNDATION IS TO SUPPORT THE SAINT LOUIS ART MUSEUM, INCLUDING BUT NOT LIMITED TO FUNDRAISING AND OTHER ACTIVITIES AND ASSISTING IN FINANCING EXPANSION AND RENOVATION OF ITS FACILITIES. 0 0 9051539 9051539 56279 THE ST LOUIS ART MUSEUM FOUNDATION SUPPORTED THE MUSEUM IN THE AMOUNT OF $9,051,539 FOR PROGRAMS AND OTHER MUSEUM ACTIVITIES IN 2024. 1061450 1061450 THE ST LOUIS ART MUSEUM FOUNDATION SUPPORTED THE MUSEUM FOR COSTS RELATED TO ART ACCESSIONS IN THE AMOUNT OF $1,061,450 IN 2024. 10112989 1 1 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 1 10 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 3 2 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X X CAROLYN J SCHMIDT 3147210072 ONE FINE ARTS DRIVE ST LOUIS MO 63110 MIN JUNG KIM PRESIDENT & DIR. OF MUSEUM 2.00 45.00 X X 0 562426 139760 JOHN M HORSEMAN VICE PRESIDENT 0.10 5.00 X X 0 0 0 DAVID S OBEDIN TREASURER 0.10 5.00 X X 0 0 0 CAROLYN J SCHMIDT DEPUTY DIRECTOR & CONTROLLER 5.00 45.00 X 0 459239 282086 DAVID A LINENBROKER SECRETARY 0.10 5.00 X 0 0 0 MARK MACINSKI CHIEF OF OPERATIONS AND SECURITY 0.10 40.00 X 0 261148 165887 JENNIFER THOMAS CHIEF OF STAFF 0.10 40.00 X 0 205768 110880 SEAN O'NEAL CHIEF DESIGN OFFICER 0.10 40.00 X 0 190485 41894 RENEE FRANKLIN CHIEF DIVERSITY OFFICER 0.10 40.00 X 0 186035 148485 NANCY CASHEL DIRECTOR OF HUMAN RESOURCES 0.10 40.00 X 0 169258 82647 0 2034359 971639 0 0 1 0 0 4055490 59669 6100785 3481175 10215944 MEMBERSHIP EQUIVALENT VALUE 711130 53549 53549 MEMBERSHIP PROGRAM EVENTS 711130 2730 2730 56279 7990339 7990339 52312361 40859306 11453055 11453055 11453055 31275 59669 0 31275 31275 29746892 56279 0 19474669 10112989 10112989 3114 3114 25383 25383 48000 48000 152931 152931 45326 45326 BANK FEES 3694 3694 BAD DEBT EXPENSE 975 975 10392412 10112989 279423 0 12840138 12003011 14850 50301 279427855 306276426 639024 842448 292921867 319172186 6566 75 2371132 2139285 258836 253444 2636534 2392804 X 0 0 0 0 290285333 316779382 290285333 316779382 292921867 319172186 X 19354480 7179375 -39806 X 0 1 X 1 0 X 4676885 12493879 3533265 8992524 10215944 39912497 4676885 12493879 3533265 8992524 10215944 39912497 6977193 32935304 4330580 5346749 5321896 6394459 7990339 29384023 32550 140925 31275 204750 69501270 2960569 0.47390 0.47260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 48000 0 0 48000 0 PART II-B, LINE 1: IN ORDER TO KEEP ABREAST OF CURRENT LEGISLATION, CONTRACTS ARE HELD WITH TWO FIRMS TO SUMMARIZE AND REPORT ON LEGISLATIVE MATTERS THAT RELATE TO OR MAY IMPACT THE FOUNDATION. WHEN DIRECTED, REPRESENTATIVES MAY ENGAGE IN DISCUSSIONS ABOUT THESE MATTERS WITH LAWMAKERS. 241014326 4126140 25142241 8984556 152931 261145220 217608841 2525868 29299742 8282842 137283 241014326 255009403 370729 -29371103 8259589 140599 217608841 215683004 9491459 35220353 5242775 142638 255009403 201268740 1304030 18021382 4794450 116698 215683004 0.39200 0.30480 0.30320 0 0 0 OBLIGATIONS UNDER SPLIT-INTEREST AGREEMENTS 253444 253444 X 36886461 7179375 -39806 7139569 29746892 0 29746892 10392412 0 10392412 0 10392412 PART V, LINE 4: INCOME FROM ENDOWMENT FUNDS IS USED TO SUPPORT THE SAINT LOUIS ART MUSEUM'S OPERATIONS, ART PURCHASES AND OTHER PROGRAMS AND PURPOSES DESIGNATED BY THE DONORS. THE INVESTMENT COMMITTEE RECOMMENDS THE HARVEST RATE EACH YEAR. THE FINANCE COMMITTEE RECOMMENDS THE BUDGET EACH YEAR. THESE RECOMMENDATIONS ARE APPROVED BY THE GOVERNING BOARD. IN 2024, THE BOARD APPROVED THE USE OF THE ENDOWMENT HARVEST FOR ART PURCHASE AND OPERATIONS. PART X, LINE 2: STAND ALONE FINANCIAL STATEMENTS FOR THE FOUNDATION ARE NOT PREPARED. THE FOUNDATION IS PRESENTED AS A BLENDED COMPONENT UNIT OF THE SAINT LOUIS ART MUSEUM. THE FOUNDATION AND THE SAINT LOUIS ART MUSEUM PREPARE AND PRESENT STATEMENTS IN ACCORDANCE WITH GOVERNMENTAL ACCOUNTING STANDARDS AS REQUIRED BY THE MUSEUM, THEREFORE, NO FIN 48 FOOTNOTE IS REQUIRED FOR THE FOUNDATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -39,806. ART IN BLOOM 90944 59669 31275 90944 59669 31275 31275 PART II: THE ART IN BLOOM PREVIEW PARTY IS A SAINT LOUIS ART MUSEUM FUNDRAISING EVENT AND THE EXPENSES ARE PAID FOR BY THE SAINT LOUIS ART MUSEUM. CONSISTENT WITH THE ST. LOUIS ART MUSEUM FOUNDATION'S PURPOSES, DONATIONS TO SUPPORT THE ART IN BLOOM PREVIEW PARTY ARE SOLICITED BY THE FOUNDATION AND ARE REFLECTED IN SCHEDULE G. 1 SAINT LOUIS ART MUSEUM ONE FINE ARTS DRIVE ST LOUIS MO 631101380 431056957 10112989 0 PAYMENT TO SUPPORT THE PROGRAMS AND ACTIVITIES OF THE SAINT LOUIS ART MUSEUM. 1 PART I, LINE 2: ALL FUNDS WERE PAID TO THE SOLE MEMBER OF THE ORGANIZATION, THE SAINT LOUIS ART MUSEUM, IN SUPPORT OF ITS OPERATIONS. 0 0 0 0 0 0 0 0 0 CAROLYN J SCHMIDT DEPUTY DIRECTOR & CONTROLLER 0 456489 0 0 0 2750 0 267087 0 14999 0 741325 0 0 MIN JUNG KIM PRESIDENT & DIR. OF MUSEUM 0 561370 0 0 0 1056 0 115000 0 24760 0 702186 0 0 MARK MACINSKI CHIEF OF OPERATIONS AND SECURITY 0 260294 0 0 0 854 0 154708 0 11179 0 427035 0 0 RENEE FRANKLIN CHIEF DIVERSITY OFFICER 0 183717 0 0 0 2318 0 133934 0 14551 0 334520 0 0 JENNIFER THOMAS CHIEF OF STAFF 0 203461 0 0 0 2307 0 82221 0 28659 0 316648 0 0 NANCY CASHEL DIRECTOR OF HUMAN RESOURCES 0 166982 0 0 0 2276 0 68184 0 14463 0 251905 0 0 SEAN O'NEAL CHIEF DESIGN OFFICER 0 189845 0 0 0 640 0 40654 0 1240 0 232379 0 0 PART I, LINE 3 MIN JUNG KIM IS PAID BY THE SUPPORTED ORGANIZATION, THE SAINT LOUIS ART MUSEUM. HER COMPENSATION IS APPROVED BY THE BOARD OF COMMISSIONERS OF THE SAINT LOUIS ART MUSEUM. CHANGES ARE APPROVED BY THE BOARD EACH YEAR. THE OTHER EMPLOYEES ARE PAID BY THE SUPPORTED ORGANIZATION, THE SAINT LOUIS ART MUSEUM. SALARY SURVEYS, STUDIES AND INDEPENDENT COMPENSATION CONSULTANTS ARE PERIODICALLY USED TO DETERMINE COMPENSATION. PART II, COLUMN C: MIN JUNG KIM'S OTHER DEFERRED COMPENSATION OF $115,000 CONSISTS OF $100,000 PAID INTO A SUPPLEMENTAL CASH BALANCE PLAN AND A 403(B) CONTRIBUTION OF $15,000. ANNUAL CREDITS SPECIFIED AT THE INCEPTION OF THE RETENTION PLAN ARE PAID ANNUALLY. THE RETENTION PLAN IS 100% AT RISK WITH PAYMENT CONTINGENT UPON MS. KIM REMAINING IN THE MUSEUM'S EMPLOYMENT ON THE CREDIT DATES. RETIREMENT AND OTHER DEFERRED COMPENSATION FOR CAROLYN SCHMIDT OF $267,087 CONSISTS OF RETENTION PAYMENTS AND THE ESTIMATED CHANGE IN THE ACTUARIAL VALUE OF THE DEFINED PENSION BENEFIT IN THE AMOUNT OF $75,000 AND $192,087, RESPECTIVELY. ANNUAL CREDITS SPECIFIED AT THE INCEPTION OF THE RETENTION PLAN ARE PAID ANNUALLY. THE RETENTION PLAN IS 100% AT RISK WITH PAYMENT CONTINGENT UPON MS. SCHMIDT REMAINING IN THE MUSEUM'S EMPLOYMENT ON THE CREDIT DATES. RETIREMENT AND OTHER DEFERRED COMPENSATION FOR MARK MACINSKI, JENNIFER THOMAS, SEAN O'NEAL, RENEE FRANKLIN, AND NANCY CASHEL CONSIST OF THE ESTIMATED CHANGE IN THE ACTUARIAL VALUE OF THE DEFINED PENSION PLAN BENEFIT IN THE AMOUNTS OF $154,708, $82,221, $40,654, $133,934, AND $68,184, RESPECTIVELY. PART II, COLUMN BIII: OTHER REPORTABLE COMPENSATION FOR MIN JUNG KIM CONSISTS OF $1,056 FOR GROSS UP OF PREMIUM FOR THE MUSEUM'S LONG TERM DISABILITY PLAN. OTHER REPORTABLE COMPENSATION FOR CAROLYN SCHMIDT, MARK MACINSKI, JENNIFER THOMAS, SEAN O'NEAL, RENEE FRANKLIN, AND NANCY CASHEL CONSIST OF GROSS UP PREMIUM FOR THE MUSEUM'S LONG TERM DISABILITY PLAN AND WELLNESS ACTIVITY CREDITS RELATED TO SCREENINGS AS PART OF THE MUSEUM'S EMPLOYEE HEALTH PLAN. THE LONG TERM PLAN AND WELLNESS CREDITS ARE OFFERED AT THE SAME RATE AND AT THE SAME LEVELS TO ALL MUSEUM EMPLOYEES. X 45 3481175 FMV ON DATE OF GIFT 0 1 1 PART I, COLUMN (B): THE ORGANIZATION REPORTS THE NUMBER OF CONTRIBUTIONS FOR SECURITIES RECEIVED. PART I, LINE 32B: WELLS FARGO RECEIVES AND SELLS THE DONATED STOCK. THE FOUNDATION POLICY IS TO SELL STOCK GIFTS AS SOON AS POSSIBLE AFTER THE GIFT IS RECEIVED, TYPICALLY WITHIN ONE DAY. BROKERAGE HOUSES ARE USED TO SELL STOCK GIFTS RECEIVED. STOCK GIFTS ARE VALUED USING THE AVERAGE OF HIGH AND LOW MARKET VALUE PRICE ON THE DAY OF THE GIFT. FORM 990, PART V, LINE 1A: ALL EXPENSES ARE PAID BY THE MUSEUM AND ALLOCATED TO THE FOUNDATION AS APPROPRIATE. THE MUSEUM FILES ALL FORMS 1099 REQUIRED. FORM 990, PART VI, SECTION A, LINE 6 THE SAINT LOUIS ART MUSEUM IS THE SOLE MEMBER OF THE ST. LOUIS ART MUSEUM FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A AS THE SOLE MEMBER OF THE ORGANIZATION, THE SAINT LOUIS ART MUSEUM'S BOARD OF COMMISSIONERS APPOINTS THE OFFICERS OF THE FOUNDATION. THE DIRECTOR OF THE ART MUSEUM, AND THE PRESIDENT AND TREASURER OF THE BOARD OF COMMISSIONERS OF THE ART MUSEUM ARE OFFICERS OF THE FOUNDATION'S BOARD. THEY SERVE THE FOUNDATION AS FOUNDATION PRESIDENT, VICE PRESIDENT AND TREASURER, RESPECTIVELY. THE CONTROLLER OF THE MUSEUM ALSO SERVES AS THE CONTROLLER OF THE FOUNDATION. THE SECRETARY OF THE FOUNDATION IS AN ATTORNEY IN RESIDENCE AT THE FIRM OF THE MUSEUM'S LEGAL COUNSEL. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE OF THE MUSEUM. THE FOUNDATION'S PRESIDENT AND CONTROLLER ATTEND THE AUDIT COMMITTEE MEETINGS. THE FOUNDATION BOARD HAS DELEGATED THE REVIEW OF THE 990 TO THIS COMMITTEE. THE BOARD OF DIRECTORS OF THE FOUNDATION RECEIVES THE REPORT OF THE AUDIT COMMITTEE'S REVIEW AND ACKNOWLEDGES ITS RECEIPT PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH MEMBER OF THE ART MUSEUM BOARD OF COMMISSIONERS, BOARD OF TRUSTEES, FRIEND'S BOARD, MUSEUM STAFF AND FOUNDATION TRUSTEES IS REQUIRED TO DISCLOSE ANNUALLY CONFLICTS OF INTEREST OR POTENTIAL CONFLICTS OF INTEREST HE OR SHE MAY HAVE WITH THE ART MUSEUM OR THE FOUNDATION. EACH FILING IS REVIEWED BY THE MUSEUM'S LEGAL COUNSEL, DIRECTOR, AND GOVERNANCE COMMITTEE. THE FILING IS REPORTED TO THE BOARD OF COMMISSIONERS OF THE MUSEUM FOR APPROVAL. THE FOUNDATION'S GOVERNING BOARD DELEGATED THIS RESPONSIBILITY TO THIS BODY AND IS APPRISED OF THE RESULTS OF THIS REVIEW AND ANY ACTIONS TAKEN. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION DOES NOT HAVE EMPLOYEES. THE PRESIDENT AND CONTROLLER OF THE FOUNDATION SERVE AS DIRECTOR AND CONTROLLER OF THE MUSEUM, RESPECTIVELY, AND ARE COMPENSATED BY THE MUSEUM. SEE PART VII - SECTION A. THE DIRECTOR'S COMPENSATION IS SET BY THE BOARD OF COMMISSIONERS OF THE MUSEUM. THE COMMISSION APPOINTS AN EXECUTIVE COMPENSATION COMMITTEE ANNUALLY TO REVIEW AND RECOMMEND COMPENSATION OF THE DIRECTOR. THE COMMITTEE REGULARLY ENGAGES AN INDEPENDENT COMPENSATION CONSULTANT TO ASSIST IN DEVELOPING ITS RECOMMENDATION TO THE BOARD OF COMMISSIONERS. THE COMMISSION VOTES ON THE COMPENSATION OF THE DIRECTOR ANNUALLY. THE COMMITTEE ALSO REVIEWS THE SALARIES OF THE SENIOR MANAGEMENT. SALARY SURVEYS AND PERIODIC STUDIES ARE PERFORMED TO SET COMPENSATION FOR EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 IRS FORM 990 AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE MUSEUM'S WEBSITE AT WWW.SLAM.ORG AND UPON REQUEST IN THE CONTROLLER'S OFFICE AT THE SAINT LOUIS ART MUSEUM. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -39,806. SAINT LOUIS ART MUSEUM ONE FINE ARTS DRIVE ST LOUIS MO 63110 431056957 ART MUSEUM MO 501(C)(3) LINE 7 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SAINT LOUIS ART MUSEUM B 10112989 CASH