2023-10-13T09:07:56-05:00 2022-12-31 161375790 DEJOY & CO CPAS LLP 280 EAST BROAD STREET SUITE 300 ROCHESTER NY 14604 990 2022-01-01 160743991 GEORGE EASTMAN MUSEUM GEOR 5853274800 900 EAST AVE ROCHESTER NY 146072219 JACQUELINE DISTEFANO VP, FINANCE AND OPERATIONS 5853274800 2023-10-05 1 JACQUELINE DISTEFANO 999009999 0 TIMOTHY P THANEY CPA P01231250 5855461840 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JACQUELINE DISTEFANO 900 EAST AVE ROCHESTER NY 146072219 19832173 0 X WWW.EASTMAN.ORG X 1947 NY FOUNDED IN 1947, THE GEORGE EASTMAN MUSEUM IS THE WORLD'S OLDEST (CONTINUED ON SCHEDULE O)PHOTOGRAPHY MUSEUM AND ONE OF THE FOREMOST FILM ARCHIVES IN THE UNITED STATES. THE MUSEUM IS LOCATED ON THE HISTORIC ESTATE OF ENTREPRENEUR AND PHILANTHORPIST GEORGE EASTMAN, THE PIONEER OF POPULAR PHOTOGRAPHY AND A LEADER IN THE DEVELOPMENT OF MOTION PICUTRE FILM. ITS HOLDINGS COMPRISE MORE THAN 400,000 PHOTOGRAPHS; 28,000 MOTION PICTURE FILMS; THE WORLD'S PREEMINENT COLLECTION OF PHOTOGRAPHIC AND CINEMATOGRAPHIC TECHNOLOGY; ONE OF THE LEADING LIBRARIES OF BOOKS RELATED TO PHOTOGRAPHY AND CINEMA; AND EXTENSIVE HOLDINGS OF DOCUMENTS AND OTHER OBJECTS RELATED TO GEORGE EASTMAN. AS A RESEARCH AND TEACHING INSTITUTION, THE MUSEUM HAS AN ACTIVE PUBLISHING PROGRAM AND HAS MADE CRITICAL CONTRIBUTIONS IN THE FIELDS OF FILM PRESERVATION AND PHOTOGRAPHIC CONSERVATION. 32 31 140 149 0 0 6694802 8294726 1367271 1683972 4035439 2367259 209441 256193 12306953 12602150 0 0 0 0 4910068 5149476 0 0 980970 4371839 3830104 9281907 8979580 3025046 3622570 59825841 55954650 3661134 4615363 56164707 51339287 X THE MISSION OF THE GEORGE EASTMAN MUSEUM, AS A RESEARCH AND EDUCATIONAL INSTITUTION, HAS THREE INTERRELATED GOALS:(CONTINUED ON SCHEDULE O) -PROVIDE LEADERSHIP IN THE FIELDS OF PHOTOGRAPHY AND CINEMA;-PRESERVE AND DEVELOP OUR WORLD CLASS COLLECTIONS OF PHOTOGRAPHY AND CINEMA, AS WELL AS GEORGE EASTMAN'S ESTATE, A NATIONAL HISTORIC LANDMARK; AND-SERVE OUR COMMUNITIES, IN GREATER ROCHESTER AND ELSEWHERE 0 0 2041744 1072668 MUSEUM OPERATING ACTIVITIES AND FUNCTIONS: IN 2022, APPROXIMATELY 82,000 PEOPLE VISITED THE GEORGE EASTMAN MUSEUM, CONTINUING THE REBOUND FROM OUR PANDEMIC-RELATED CLOSINGS. THIS LARGE INFLUX OF VISITORS WAS FROM THE ROCHESTER COMMUNITY AND FROM AROUND THE WORLD. OUR VISITORS EXPERIENCED PHOTOGRAPHIC EXHIBITIONS, SELF-GUIDED AND MOBILE TOURS OF THE HISTORIC HOUSE AND GARDENS, FILM SCREENINGS, A DISCOVERY ROOM FOR INTERACTIVE LEARNING, AND THE MUSEUM STORE AND EATERY. THE MUSEUM CONTINUED TO OFFER A ROBUST SCHEDULE OF ONLINE PROGRAMING THAT FOSTERED ENGAGEMENT WITH A GLOBAL AUDIENCE. (CONTINUED ON SCHEDULE O)THE MUSEUM EXPANDED ITS RESOURCES THAT ARE ACCESSIBLE ONLINE, INCLUDING ITS ONLINE DATABASE OF OUR COLLECTIONS, ONLINE FINDING AIDS FROM OUR ARCHIVAL HOLDINGS, AND AN EXTENSIVE ARRAY OF ONLINE AUDIO AND VIDEO RECORDINGS. THE MUSEUM'S L. JEFFREY SELZNICK SCHOOL OF FILM PRESERVATION, ONE OF THE FIRST GRADUATE SCHOOL PROGRAMS IN FILM PRESERVATION, WITH MORE THAN 275 ALUMNI EMPLOYED IN PROFESSIONAL POSITIONS IN 29 COUNTRIES, FURTHER DEVELOPED ITS CURRICULUM RELATED TO DIGITAL PRESERVATION TECHNIQUES. THE MUSEUM REVITALIZED AND RENEWED ITS INCLUSIVE EDUCATION AND OUTREACH EFFORTS, WHICH ARE DEDICATED TO THE DIVERSE POPULATION OF K-12 STUDENTS AND FAMILIES IN THE ROCHESTER COMMUNITY. THE MUSEUM CREATED AND PROVIDED FOR PRE-K THROUGH COLLEGE AGE STUDENTS EXPERIENCES THAT EMPHASIZE PARTICIPATORY LEARNING AS WELL AS FOSTER VISUAL AND DIGITAL LITERACY, THE HISTORY OF PHOTOGRAPHY AND GLOBAL COMPETENCE. 5030594 866468 COLLECTIONS, PRESERVATION AND EXHIBITIONS: THE MUSEUM IS THE STEWARD OF THE WORLD'S LEADING COLLECTION COVERING THE FIELDS OF PHOTOGRAPHY, CINEMA AND RELATED TECHNOLOGY, AS WELL AS GEORGE EASTMAN'S HISTORIC MANSION, GARDENS, FURNITURE, DECORATIVE OBJECTS, AND PERSONAL PAPERS. IN 2022, THE MUSEUM ACQUIRED 2,382 OBJECTS, DISPLAYED 7 EXHIBITIONS, AND LENT COLLECTION OBJECTS TO NUMEROUS MUSEUMS AROUND THE WORLD. DURING 2022, THE MUSEUM DISPLAYED THE EXHIBITION "JOSHUA RASHAAD MCFADDEN: I BELIEVE I'LL RUN ON", WHICH USED PHOTOGRAPHY TO CRITICALLY EXAMINE RACE, MASCULINITY, SEXUALITY, AND GENDER IN THE UNITED STATES. (CONTINUED ON SCHEDULE O) THE MUSEUM IS ONE OF THE LEADING MOTION PICTURE ARCHIVES IN THE WORLD, HOME TO MORE THAN 28,000 FILM TITLES, 3 MILLION OBJECTS OF CINEMATIC EPHEMERA, A FILM SCREENING PROGRAM, AND AN ACTIVE FILM PRESERVATION AND DIGITIZATION PROGRAM. THE MUSEUM RUNS AN ACTIVE BOOK PUBLISHING PROGRAM FOCUSED ON CATALOGS OF THE EXHIBITIONS RECOGNIZED BY THE MUSEUM AND SUBJECTS RELATED TO THE MUSEUM'S COLLECTIONS. 7072338 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 51 0 1 140 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 32 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X JACQUELINE DISTEFANO 5853274984 900 EAST AVE ROCHESTER NY 14607 NANNETTE NOCON CHAIR 10.00 X X 0 0 0 KEVIN P GAVAGAN TRUSTEE 1.00 X 0 0 0 KEVIN GLAZER VICE CHAIR 2.00 X X 0 0 0 STEVEN L SCHWARTZ VICE CHAIR 2.00 X X 0 0 0 CHRISTINE B WHITMAN TREASURER 2.00 X X 0 0 0 BRUCE BARNES DIRECTOR 60.00 X X 217632 0 10498 ANN L BURR TRUSTEE 1.00 X 0 0 0 HC DIGBY CLEMENTS TRUSTEE 1.00 X 0 0 0 KENNETH AFREDERICK SECRETARY 2.00 X X 0 0 0 TERRY R TABER PHD TRUSTEE 1.00 X 0 0 0 JEFFREY A KORCHEK ESQ TRUSTEE 1.00 X 0 0 0 STEVEN J SASSON TRUSTEE 1.00 X 0 0 0 DENNIS BUCHAN TRUSTEE 1.00 X 0 0 0 DR ROBERT F ASBURY TRUSTEE 1.00 X 0 0 0 DENNIS BASSETT TRUSTEE 1.00 X 0 0 0 MARY ANN HETZER TRUSTEE 1.00 X 0 0 0 WILLIAM J FERGUSON II TRUSTEE 1.00 X 0 0 0 ROSS P LANZAFAME ESQ TRUSTEE 1.00 X 0 0 0 SARAH C MANGELSDORF TRUSTEE 1.00 X 0 0 0 JOHN A ULATOWSKI MD PHD MBA TRUSTEE 1.00 X 0 0 0 DEBBY WILSON TRUSTEE 1.00 X 0 0 0 ERIC R PALEY ESQ TRUSTEE 1.00 X 0 0 0 LINDA BUTTRILL TRUSTEE 1.00 X 0 0 0 BONNIE GARNER TRUSTEE 1.00 X 0 0 0 DARRYL JACKSON TRUSTEE 1.00 X 0 0 0 EDWIN J LOPEZ-SOTO ESQ TRUSTEE 1.00 X 0 0 0 FABRICIO MORALES TRUSTEE 1.00 X 0 0 0 JEFFREY J POLLOCK TRUSTEE 1.00 X 0 0 0 SUSAN S ROBFOGEL TRUSTEE 1.00 X 0 0 0 JEFFRY A ROLOSON TRUSTEE 1.00 X 0 0 0 MARGARET A SANCHEZ TRUSTEE 1.00 X 0 0 0 ROBERT A WOODHOUSE TRUSTEE 1.00 X 0 0 0 JACQUELINE DISTEFANO VP-FINANCE AND OPS 37.50 X 132238 0 161 LISA SEISCHAB VP-DEVELOPMENT 37.50 X 148248 0 2308 498118 0 12967 3 0 1 0 UDN INC 252 ALEXANDER ST ROCHESTER NY 14607 GENERAL CONTRACTOR 477688 POSTLER & JAECKLE 615 SOUTH AVE ROCHESTER NY 146201385 FACILITY MAINTENANCE AND REPAIR SERVICE 319581 CTSM CORP 2593 PUTNUM RD ONTARIO NY 14519 GENERAL CONTRACTOR 173903 NORTHWOOD HISTORIC RESTORATION 810 HEIM RD GETZVILLE NY 14068 GENERAL CONTRACTOR 100541 4 1045112 7249614 8294726 ADMISSIONS 713990 684935 684935 LOANS, RENTALS, ROYALTIES 713990 602033 602033 FILM DIGITIZATION FEES 713990 223879 223879 CONTRACTED EDUCATION 900099 132569 132569 WORKSHOPS 713990 27777 27777 12779 12779 1683972 693432 693432 87410 86381 1029 1029 1029 8694561 7020734 1673827 1673827 1673827 375790 122908 252882 252882 MISCELLANEOUS 900099 2282 2282 2282 12602150 1939136 0 2368288 498117 241053 257064 3899681 3263489 202535 433657 731 679 29 23 439050 345355 20600 73095 311897 245337 14634 51926 10192 10192 35150 35150 73661 73661 209984 185545 24439 98310 93666 4644 255888 239948 10459 5481 56519 53245 1704 1570 92977 79192 13464 321 34830 34830 697031 686235 4934 5862 89218 44428 20586 24204 CONTRACTED SERVICES 930945 762517 128214 40214 UTILITIES 435568 407327 15952 12289 LEASE PAYMENTS 230438 214113 16325 0 PRINTING 180771 152480 378 27913 398622 298782 52489 47351 8979580 7072338 926272 980970 X 1788 1688 2144862 2484990 3774746 7292810 116142 128689 26333 28901 43617 149635 40599495 27322579 12918233 13276916 35567463 27288504 5189793 5035839 4173 3246 38691 263432 59825841 55954650 1120436 778213 1417670 2817149 1050102 776000 72926 244001 3661134 4615363 X 12486595 11904837 43678112 39434450 56164707 51339287 59825841 55954650 X 3622570 -8134993 -312997 X 0 1 X 1 0 X 6249114 5335713 6056293 6694802 8294726 32630648 6249114 5335713 6056293 6694802 8294726 32630648 4073757 28556891 554010 939867 682358 1113087 693432 3982754 36613402 36603402 0.78000 0.88140 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 40757256 17150 -5856429 -2593634 32324343 37496074 0 5376299 -2115117 40757256 34570247 6100 5524041 -2604314 37496074 31197995 9500 6229174 -2866422 34570247 42190778 506607 -2156357 -9343033 31197995 1.00000 0 0 211300 211300 31546328 21737249 9809079 8105747 5585330 2520417 736120 736120 13276916 PRIVATE EQUITY & BOND FUND 5035839 F 5035839 OPERATING LEASE LIABILITY 227088 FINANCE LEASE LIABILITY 16913 244001 4602786 -8134993 86381 -8048612 12651398 73661 -122909 -49248 12602150 9115209 86381 86381 9028828 73661 -122909 -49248 8979580 PART III, LINE 1A: MUSEUM COLLECTIONS - THE MUSEUM'S COLLECTIONS, ACQUIRED THROUGH PURCHASE AND DONATION, ARE NOT RECOGNIZED AS ASSETS IN THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION. CONTRIBUTIONS RESTRICTED BY DONORS FOR THE PURCHASE OF ITEMS FOR THE COLLECTIONS ARE CLASSIFIED AS WITH DONOR RESTRICTIONS UNTIL ACQUISITIONS ARE MADE IN ACCORDANCE WITH THE TERMS OF THE GIFTS. PURCHASES OF COLLECTION ITEMS ARE RECORDED IN THE YEAR IN WHICH THE ITEMS WERE ACQUIRED AS DECREASES IN NET ASSETS WITH DONOR RESTRICTIONS, AND REPORTED AS COLLECTION ACQUISITIONS NOT CAPITALIZED WITHIN THE STATEMENT OF ACTIVITIES AND CHANGE IN NET ASSETS. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES REQUIRE NOT-FOR-PROFIT ORGANIZATIONS TO RECOGNIZE THE COST OF DEPRECIATING TANGIBLE ASSETS. HOWEVER, CERTAIN WORKS OF ART AND HISTORICAL TREASURES NEED NOT BE DEPRECIATED IF THEIR CULTURAL, AESTHETIC AND HISTORICAL VALUE EXTENDS OVER EXTRAORDINARILY LONG PERIODS. IN ACCORDANCE WITH THIS GUIDANCE, THE MUSEUM RECOGNIZES DEPRECIATION ON ALL TANGIBLE ASSETS, WITH THE EXCEPTION OF THE ORIGINAL BUILDINGS AND FURNISHINGS AND THE REMAINING ITEMS COMPRISING THE COLLECTIONS, ALL OF WHICH ARE DEFINED AS HISTORICAL TREASURES. THE MUSEUM CARRIES INSURANCE OF $20,000,000 AGAINST LOSSES ON THE COLLECTIONS, WHICH MANAGEMENT BELIEVES ARE IRREPLACEABLE. PART III, LINE 4: COLLECTIONS AND EXHIBITIONS: THE MUSEUM IS HOME TO THE WORLD'S MOST SIGNIFICANT COLLECTION OF PHOTOGRAPHS, MOTION PICTURES AND RELATED TECHNOLOGICAL EQUIPMENT AND LIBRARY HOLDINGS, AS WELL AS THE GEORGE EASTMAN LEGACY COLLECTIONS. THE MUSEUM PRESERVES AND DEVELOPS THESE WORLD CLASS COLLECTIONS TO SERVE AND EDUCATE OUR COMMUNITIES IN THE GREATER ROCHESTER AREA, NATIONALLY AND INTERNATIONALLY. PART V, LINE 4: ENDOWMENT FUNDS ARE USED TO SUPPORT A VARIETY OF ACTIVITIES OF THE GEORGE EASTMAN MUSEUM BASED ON THE DONOR'S REQUEST. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE OF FACILITIES AND MISC ADJ 86,381. PART XI, LINE 4B - OTHER ADJUSTMENTS: MUSEUM STORE & CAFE COST OF GOODS SOLD -122,909. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE OF FACILITIES & MISC. ADJ. 86,381. PART XII, LINE 4B - OTHER ADJUSTMENTS: MUSEUM STORE & CAFE COST OF GOODS SOLD -122,909. 1 X X 0 0 0 0 0 0 0 0 0 BRUCE BARNES DIRECTOR 217632 0 0 0 0 0 0 0 10498 0 228130 0 0 0 LISA SEISCHAB VP-DEVELOPMENT 148248 0 0 0 0 0 0 0 2308 0 150556 0 0 0 X 2309 NOT RECOGNIZED FOR X FINANCIAL STATEMENTS 0 0 0 PART I, LINE 33: ITEMS DONATED TO THE COLLECTION ARE NOT RECORDED AS REVENUE BECAUSE THE VALUATION OF THE COLLECTION IS NOT REFLECTED ON THE BALANCE SHEET AS DESCRIBED ON SCHEDULE D - PART III A AND PART XIII. LINE 1B IN PART I REFLECTS TOTAL NUMBER OF ITEMS RECEIVED INTO THE COLLECTION FOR THE YEAR ENDED DECEMBER 31, 2022. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY MEMBERS OF THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. COPIES OF THE FORM 990 ARE PROVIDED TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO FILING THE FORM. FORM 990, PART VI, SECTION B, LINE 12C THE MUSEUM'S VICE PRESIDENT OF FINANCE & OPERATIONS REVIEWS ALL TRUSTEE AND KEY EMPLOYEE QUESTIONNAIRES, IDENTIFIES ANY POSSIBLE CONFLICTS AND POSSIBLE RELATED PARTY TRANSACTIONS, AND SUBMITS THESE FOR REVIEW AND APPROVAL, MODIFICATION, OR DENIAL BY THE AUDIT COMMITTEE OF THE MUSEUM'S BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 ALL MEMBERS OF THE BOARD OF TRUSTEES ARE ASKED EACH YEAR TO COMPLETE AN EVALUATION FORM ABOUT THE PERFORMANCE OF THE MUSEUM'S EXECUTIVE DIRECTOR. THE BOARD OF TRUSTEES' HUMAN RESOURCES COMMITTEE EVALUATES THE PERFORMANCE, AND DETERMINES THE COMPENSATION, OF THE EXECUTIVE DIRECTOR ON AN ANNUAL BASIS. FOR OTHER OFFICERS AND KEY EMPLOYEES, COST-OF-LIVING INCREASES ARE REVIEWED BY THE MUSEUM'S FINANCE AND EXECUTIVE COMMITTEES AS PART OF THE MUSEUM'S ANNUAL BUDGET. ADDITIONAL SALARY INCREASES FOR OFFICERS AND OTHER KEY EMPLOYEES, AND THE COMPENSATION OF NEW OFFICERS AND KEY EMPLOYEES, IS DETERMINED BY THE EXECUTIVE DIRECTOR IN CONSULTATION WITH THE VICE PRESIDENT OF FINANCE & OPERATIONS, TAKING INTO CONSIDERATION COMPENSATION EQUITY WITHIN THE MUSEUM AND THE COMPENSATION OF COMPARABLE PROFESSIONALS AT SIMILAR INSTITUTIONS. FORM 990, PART VI, SECTION C, LINE 19 ORGANIZATIONAL DOCUMENTS ARE AVAILABLE UPON REQUEST TO THE VP OF FINANCE AND OPERATIONS. FORM 990, PART X, LINE 19 (COLUMN B) DURING THE YEAR ENDED DECEMBER 31, 2020, THE MUSEUM RECEIVED $1,000,000 IN CASH FROM ESL FEDERAL CREDIT UNION TO SUPPORT THE CONSTRUCTION OF THE MUSUEUM'S VISITOR CENTER WHICH WAS COMPLETED IN NOVEMBER 2020. AS A CONDITION OF THE SUPPORT RECEIVED BY THE MUSUEUM, ESL FEDERAL CREDIT UNION RECEIVES EXCLUSIVE NAMING RIGHTS ON THE PAVILION FOR A PERIOD OF 30 YEARS. IN ACCORDANCE WITH ITS ACCOUNTING POLICY FOR GRANTS, THE MUSEUM RECOGNIZES GRANT REVENUE OVER THE TERM OF THE NAMING RIGHTS AGREEMENT WHICH IS 30 YEARS. AT DECEMBER 31, 2022, $891,667 OF DEFERRED GRANT REVENUE RELATED TO THIS AGREEMENT WAS INCLUDED WITHIN PART X, LINE 19. FORM 990, PART XI, LINE 9: COLLECTION ITEMS NOT CAPITALIZED -312,997.