2026-08-31T06:40:37-05:00 2025-12-31 430765316 RUBINBROWN LLP 7676 FORSYTH BLVD SUITE 2100 SAINT LOUIS MO 63105 990 2025-01-01 431374479 ST LOUIS ART MUSEUM FOUNDATION STLO 3147210072 ONE FINE ARTS DRIVE ST LOUIS MO 631101380 CAROLYN J SCHMIDT DEPUTY DIRECTOR AND CONTROLLER 3147210072 2026-08-10 1 MINDY G KRUEGER P01290370 3142903300 2025 CAROLYN J SCHMIDT ONE FINE ARTS DRIVE ST LOUIS MO 631101380 62274128 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 10215944 9188525 56279 56304 19443394 15669616 31275 163250 29746892 25077695 10112989 12334737 0 0 0 0 0 0 0 279423 258605 10392412 12593342 19354480 12484353 319172186 357934351 2392804 1166657 316779382 356767694 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 12033574 12033574 56304 THE ST LOUIS ART MUSEUM FOUNDATION SUPPORTED THE MUSEUM IN THE AMOUNT OF $12,033,574 FOR PROGRAMS AND OTHER MUSEUM ACTIVITIES IN 2025. 301163 301163 THE ST LOUIS ART MUSEUM FOUNDATION SUPPORTED THE MUSEUM FOR COSTS RELATED TO ART ACCESSIONS IN THE AMOUNT OF $301,163 IN 2025. 12334737 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 1 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 785179 191771 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 484444 309865 DAVID A LINENBROKER SECRETARY 0.10 5.00 X 0 0 0 JORGE RIVAS DEPUTY DIRECTOR & CHIEF CURATOR 0.10 40.00 X 0 276220 13343 MARK MACINSKI CHIEF OF OPERATIONS AND SECURITY 0.10 40.00 X 0 275089 110922 AUBREY DEZEGO CHIEF OF PHILANTH. & EXT. RELATIONS 0.10 40.00 X 0 233746 12437 SEAN O'NEAL CHIEF DESIGN OFFICER 0.10 40.00 X 0 200480 66654 RENEE FRANKLIN CHIEF DIVERSITY OFFICER 0.10 40.00 X 0 196439 117716 0 2451597 822708 0 0 1 0 0 4530622 655602 4002301 461460 9188525 MEMBERSHIP EQUIVALENT VALUE 711130 55809 55809 MEMBERSHIP PROGRAM EVENTS 711130 495 495 56304 8962571 8962571 43903478 37196433 6707045 6707045 6707045 163250 655602 0 163250 163250 25077695 56304 0 15832866 12334737 12334737 3519 3519 26201 26201 48000 48000 162474 162474 14204 14204 BANK FEES 4207 4207 12593342 12334737 258605 0 12003011 14580221 50301 282450 306276426 342271709 842448 799971 319172186 357934351 75 3688 2139285 914768 253444 248201 2392804 1166657 X 0 0 0 0 316779382 356767694 316779382 356767694 319172186 357934351 X 12484353 27538233 -34274 X 0 1 X 1 0 X 12493879 3533265 8992524 10215944 9188525 44424137 12493879 3533265 8992524 10215944 9188525 44424137 6394920 38029217 5346749 5321896 6394459 7990339 8962571 34016014 140925 31275 163250 335450 78775601 2207701 0.48280 0.47390 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. 261145220 955233 40958466 9909680 162474 292986765 241014326 4126140 25142241 8984556 152931 261145220 217608841 2525868 29299742 8282842 137283 241014326 255009403 370729 -29371103 8259589 140599 217608841 215683004 9491459 35220353 5242775 142638 255009403 0.39860 0.27460 0.32680 0 0 0 OBLIGATIONS UNDER SPLIT-INTEREST AGREEMENTS 248201 248201 X 52581654 27538233 -34274 27503959 25077695 0 25077695 12593342 0 12593342 0 12593342 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 2025, 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 -34,274. GALA 728633 596958 131675 ART IN BLOOM 90219 58644 31575 818852 655602 163250 163250 PART II: THE GALA AND ART IN BLOOM PREVIEW PARTY ARE SAINT LOUIS ART MUSEUM FUNDRAISING EVENTS 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 GALA AND 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 12334737 0 PAYMENT TO SUPPORT THE PROGRAMS AND ACTIVITIES OF THE SAINT LOUIS ART MUSEUM. 1 0 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 MIN JUNG KIM PRESIDENT & DIR. OF MUSEUM 0 783934 0 0 0 1245 0 165000 0 26771 0 976950 0 0 CAROLYN J SCHMIDT DEPUTY DIRECTOR & CONTROLLER 0 481504 0 0 0 2940 0 293722 0 16143 0 794309 0 0 MARK MACINSKI CHIEF OF OPERATIONS AND SECURITY 0 274183 0 0 0 906 0 98565 0 12357 0 386011 0 0 RENEE FRANKLIN CHIEF DIVERSITY OFFICER 0 194084 0 0 0 2355 0 101950 0 15766 0 314155 0 0 JORGE RIVAS DEPUTY DIRECTOR & CHIEF CURATOR 0 273614 0 0 0 2606 0 0 0 13343 0 289563 0 0 SEAN O'NEAL CHIEF DESIGN OFFICER 0 199809 0 0 0 671 0 65346 0 1308 0 267134 0 0 AUBREY DEZEGO CHIEF OF PHILANTH. & EXT. RELATIONS 0 231270 0 0 0 2476 0 0 0 12437 0 246183 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 AT EACH CONTRACT RENEWAL PERIOD. 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 $165,000 CONSISTS OF $150,000 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 $293,722 CONSISTS OF RETENTION PAYMENTS AND THE ESTIMATED CHANGE IN THE ACTUARIAL VALUE OF THE DEFINED PENSION BENEFIT IN THE AMOUNT OF $75,000 AND $218,722, 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, SEAN O'NEAL, AND RENEE FRANKLIN CONSIST OF THE ESTIMATED CHANGE IN THE ACTUARIAL VALUE OF THE DEFINED PENSION PLAN BENEFIT IN THE AMOUNTS OF $98,565, $65,346, AND $101,950, RESPECTIVELY. PART II, COLUMN BIII: OTHER REPORTABLE COMPENSATION FOR MIN JUNG KIM CONSISTS OF $1,245 FOR GROSS UP OF PREMIUM FOR THE MUSEUM'S LONG TERM DISABILITY PLAN. OTHER REPORTABLE COMPENSATION FOR CAROLYN SCHMIDT, JORGE RIVAS, MARK MACINSKI, AUBREY DEZEGO, SEAN O'NEAL, AND RENEE FRANKLIN 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 37 461460 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'S POLICY IS TO SELL STOCK GIFTS AS SOON AS POSSIBLE AFTER THE GIFT IS RECEIVED, TYPICALLY THE DAY AFTER THE GIFT IS RECEIVED. 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 RECEIVE THE REPORT OF THE AUDIT COMMITTEE'S REVIEW AND ACKNOWLEDGE 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 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 AT EACH CONTRACT RENEWAL PERIOD. THE COMMITTEE ANNUALLY 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 -34,274. 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 12334737 CASH