2023-08-14T12:14:55-05:00 2023-03-31 111986323 MARCUM LLP 1899 L STREET NW 850 WASHINGTON DC 20036 990 2022-04-01 133453405 TATE AMERICAS FOUNDATION TATE 2126432818 520 WEST 27TH STREET UNIT 404 NEW YORK NY 10001 CATHERINE CARVER DUNN EXECUTIVE DIRECTOR 2126432818 2023-08-10 1 CATHERINE CARVER DUNN XXX-XX-XXXX 0 AARON M FOX P01365820 2028225000 2023-08-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CATHERINE CARVER DUNN 520 WEST 27TH STREET UNIT 404 NEW YORK NY 10001 16949510 0 X WWW.TATEAMERICAS.ORG X 1987 NY TO PROVIDE SUPPORT, IN THE FORM OF GRANTS OF ARTWORK, FUNDING & OTHER SUPPORT FOR TATE. 13 13 5 0 0 0 5370750 11418925 1003758 1112586 2372584 536581 -11714 -26782 8735378 13041310 6594552 8788696 0 0 704150 890273 0 0 337590 441996 303131 7740698 9982100 994680 3059210 101513410 103564827 77956 61705 101435454 103503122 TO PROVIDE SUPPORT, IN THE FORM OF GRANTS OF ARTWORK, FUNDING & OTHER SUPPORT FOR THE BENEFIT OF TATE IN UK. 0 0 9205755 8788696 1112586 TATE AMERICAS FOUNDATION (THE FOUNDATION) REMAINED SUPPORTIVE OF THE TATE IN ENGLAND BY ACQUIRING WORKS OF ART BY ACQUISITION OR GIFT TO LEND TO THE TATE. IN ADDITION, THE FOUNDATION CONTINUES TO MANAGE AN ENDOWMENT FUND FOR THE LONG TERM BENEFIT OF THE TATE COLLECTION OF ART FROM NORTH AND LATIN AMERICA. 9205755 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 1 0 0 0 1 1 0 0 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 7 0 1 5 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X CATHERINE CARVER DUNN 2126432818 520 WEST 27TH STREET UNIT 404 NEW YORK NY 10001 ROBERT RENNIE PRESIDENT 2.00 1.00 X X 0 0 0 PAUL BRITTON CHAIR OF THE BOARD 2.00 1.00 X X 0 0 0 ABIGAIL BARATTA TRUSTEE 1.00 1.00 X 0 0 0 MARIA BALSHAW TRUSTEE 1.00 1.00 X 0 0 0 AMANDA WALDRON TRUSTEE 1.00 1.00 X 0 0 0 CHARLOTTE SANTO DOMINGO TRUSTEE 1.00 1.00 X 0 0 0 WENDY FISHER TRUSTEE 1.00 1.00 X 0 0 0 GLENN FUHRMAN TRUSTEE 1.00 1.00 X 0 0 0 CHRISTIAN KEESE TRUSTEE 1.00 1.00 X 0 0 0 KEVIN MCNAMARA TRUSTEE 1.00 1.00 X 0 0 0 JAY RIVLIN TRUSTEE 1.00 1.00 X 0 0 0 KIMBERLY SHIRLEY TRUSTEE 1.00 1.00 X 0 0 0 JAY SMITH TRUSTEE 1.00 1.00 X 0 0 0 CATHERINE CARVER DUNN EXECUTIVE DIRECTOR 40.00 5.00 X 362828 0 6086 MEREDITH GERRICK DIR., FIN., OPS & ACQUISITIONS 40.00 5.00 X 140000 0 19668 DANIEL SCHAEFFER HEAD OF DEVELOPMENT 40.00 5.00 X 117500 0 19668 620328 0 45422 3 0 1 0 0 310595 11108330 8476790 11418925 MEMBERSHIP DUES 900099 1112586 1112586 1112586 290940 290940 4116745 3871104 245641 245641 245641 10314 310595 37096 -26782 -26782 13041310 1112586 0 509799 8788696 8788696 368928 92232 92232 184464 298159 117000 119816 61343 11787 6332 3025 2430 167323 150729 7815 8779 44076 17519 12334 14223 21793 3269 15255 3269 58627 8794 41039 8794 37809 37809 15580 2287 11006 2287 20823 15713 5110 20064 2921 14222 2921 43752 6563 30626 6563 27436 27436 40767 6115 28537 6115 10498 3298 3344 3856 FOREIGN CURRENCY LOSS 5982 5982 9982100 9205755 438755 337590 1661319 2476886 1319568 1562783 379200 466101 700000 9303 9638 2006382 733651 1313498 1272731 16117906 14416967 9512711 9305806 71199905 73353915 101513410 103564827 44514 44163 33442 17542 77956 61705 X 74045307 76091218 27390147 27411904 101435454 103503122 101513410 103564827 3059210 -991542 0 X 0 1 X 1 0 X 7603664 12934514 20967397 5370750 11418926 58295251 7603664 12934514 20967397 5370750 11418926 58295251 25590015 32705236 453319 483193 320431 249773 290940 1797656 213 994 1207 60094114 5521085 0.54420 0.53830 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 213. 2019 AMOUNT: $ 994. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8461230 73353915 X X X X X DONATION TO MUSEUMS 0 25969572 -492771 310258 25166543 24643498 2213339 887265 25969572 18459274 462839 6143576 452390 24613299 20940544 -890994 1590276 18459274 21241817 1252198 1553471 20940544 0.30278 0.69722 0 0 288108 288108 1568072 584207 983865 150202 149444 758 1272731 ALTERNATIVE INVESTMENT FUNDS 9305806 C 9305806 WORKS OF ART 73353915 73353915 ACQUISITIONS PAYABLE 17542 17542 X 12005977 -991543 -5982 -997525 13003502 37809 37809 13041311 9938309 -5982 -5982 9944291 37809 37809 9982100 PART III, LINE 4: THE FOUNDATION HAS A COLLECTION OF OVER 200 WORKS OF ART CONSISTING OF PAINTINGS, DRAWINGS, AND PRINTS CREATED BY CONTEMPORARY ARTISTS. THE WORKS OF ART WITHIN THE COLLECTION WERE ACQUIRED BY EITHER DONATION FROM INDIVIDUALS OR THROUGH PURCHASE FROM ART GALLERIES, INDIVIDUAL COLLECTIONS, AND AUCTION HOUSES. SEE PART III, LINE 1 OF FORM 990, WHICH DESCRIBES THE FOUNDATION'S EXEMPT PURPOSE MISSION. PART V, LINE 4: THE FOUNDATION'S ENDOWMENT IS COMPOSED OF A SINGLE DONOR-RESTRICTED ENDOWMENT FUND CONTRIBUTED IN 1988, SOLELY FOR THE BENEFIT OF TATE GALLERY IN LONDON. PART X, LINE 2: THE FOUNDATION PERFORMED AN EVALUATION OF UNCERTAINTY IN INCOME TAXES FOR THE YEAR ENDED MARCH 31, 2023, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF FOREIGN CURRENCY LOSS TO EXPENSES -5,982. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF FOREIGN CURRENCY LOSS FROM REVENUE -5,982. 1 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 GRANTMAKING ART GRANT 6943120 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 GRANTMAKING CASH GRANT 1845776 0 0 0 0 0 0 8788896 0 8788896 EUROPE (INCLUDING ICELAND & GREENLAND) TO PROVIDE FUNDING SUPPORT FOR THE BENEFIT OF THE TATE GALLERIES IN UK 1847976 WIRE TRANSFER 6943120 ARTWORK APPRAISAL/BOOK VALUE 1 0 0 0 0 0 1 0 PART I, LINE 2: THE FOUNDATION'S BOARD OF TRUSTEES APPROVES ALL OF THE GRANTS MADE AND HAS PROCEDURES IN PLACE WITH THE TATE MUSEUM TO MONITOR THE USE OF ALL OF THE GRANTS GIVEN. PART I, LINE 3: EXPENDITURES ARE ACCOUNTED FOR ON THE ACCRUAL BASIS OF ACCOUNTING. PART III ACCOUNTING METHOD: ARTIST DINNER 320909 310595 10314 6000 16447 10541 4108 320909 310595 10314 6000 16447 10541 4108 37096 -26782 X X X 0 0 0 0 0 0 0 0 0 CATHERINE CARVER DUNN EXECUTIVE DIRECTOR 362828 0 0 0 0 0 5000 0 1086 0 368914 0 0 0 MEREDITH GERRICK DIR., FIN., OPS & ACQUISITIONS 140000 0 0 0 0 0 5000 0 14668 0 159668 0 0 0 X 13 8461230 APPRAISAL/VALUATION X 1 15560 6 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION EMAILS COPIES OF THE FEDERAL FORM 990 TO ALL TRUSTEES FOR THEIR REVIEW AND COMMENTS BEFORE THE FORM 990 IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THEIR WRITTEN CONFLICT OF INTEREST POLICY. TRUSTEES ARE GIVEN CONFLICT OF INTEREST POLICY BEFORE THE SPRING BOARD MEETING AND EACH DIRECTOR, OFFICER, MEMBER OF A COMMITTEE WITH POWERS DELEGATED BY THE BOARD, AND KEY EMPLOYEE ANNUALLY SIGNS THE STATEMENT WHICH AFFIRMS SUCH PERSON: - HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY - HAS READ AND UNDERSTANDS THE POLICY - HAS AGREED TO COMPLY WITH THE POLICY, AND - UNDERSTANDS THE ORGANIZATION IS TAX-EXEMPT AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15A THE TRUSTEES AT THE EXECUTIVE COMMITEE MEETINGS DISCUSS AND APPROVE ALL COMPENSATION PAID TO ALL EMPLOYEES. THE FOUNDATION'S STRUCTURE OF RETAINING A COMPENSATION CONSULTANT TO DO A COMPREHENSIVE ANALYSIS OF THE EXECUTIVE DIRECTOR'S COMPENSATION HAS NOT CHANGED SINCE THE EXECUTIVE DIRECTOR WAS HIRED IN 2019. THE FOUNDATION INTENDS TO HAVE THIS ANALYSIS COMPLETED EVERY TWO TO THREE YEARS ON A CYCLE RECOMMENDED BY F.W. COOK AND THE FOUNDATION'S INDEPENDENT AUDITORS. THERE WILL BE A COMPENSATION ANALYSIS COMPLETED IN FY24 TO ASSESS COMPENSATION IN THE CURRENT ENVIRONMENT. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION WILL EMAIL COPIES OF THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST. AMERICAN PATRONS OF THE TATE GALLERY FDT 520 WEST 27TH STREET UNIT 404 NEW YORK NY 10001 133421353 FUNDRAISING NY 501(C)(3) LINE 7 TATE AMERICAS FOUNDATION 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0