2024-12-13T10:26:42-06:00 2024-01-31 010523282 Berry Dunn McNeil & Parker LLC 2211 Congress St Portland ME 04102 990 2023-02-01 010378420 Portland Museum of Art PORT 2077756148 7 Congress Square Portland ME 04101 Erik K Hayward President 2077756148 2024-12-12 1 1 Joseph R Byrne P01289281 2077752387 2024-12-12 2023 2024-10-15 13:58:12Z Mark HC Bessire 7 Congress Square Portland ME 04101 29547263 0 X www.portlandmuseum.org X 1882 ME Museum/Educational 40 40 136 257 57864 8257 20824908 13447748 819620 870907 252934 1330651 -100741 -249084 21796721 15400222 22500 0 0 0 6319127 6899044 0 0 2461425 4204874 6469732 10546501 13368776 11250220 2031446 88965309 94377270 1561154 2012328 87404155 92364942 Art for All. The Portland Museum of Art seeks to create an inclusive space that champions open expression and makes art accessible to all. 0 0 2374211 280491 Educational Programs: Create outstanding educational programs and collection-based activities to inspire and enrich the lives of diverse audiences and serve as a vital cultural center for the city and region (62,893 participants in 2023). 7444218 590416 Exhibitions and Collections: Originate outstanding exhibitions from PMA's permanent collection and through borrowed works of art. Present traveling exhibitions that support and extend PMA's mission. Preserve, document, and interpret over 19,000 objects in the collection and five architectural landmarks (115,411 visitors in 2024). 261559 Collection Items Purchased: 65 works of art were purchased for PMA's collection in 2023, providing new opportunities for visitors and the community to experience original work. 10079988 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 86 0 1 136 1 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 X 40 40 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X X X Andrew Smaha 2077756148 7 Congress Square Portland ME 04101 Eileen T Gillespie President 10.00 0.00 X X 0 0 0 Cyrus Y Hagge Chair 10.00 0.00 X X 0 0 0 Joseph R Foley Vice President 10.00 0.00 X X 0 0 0 Elizabeth T McCandless Vice President 10.00 0.00 X X 0 0 0 Mark J Morrissette Treasurer 10.00 0.00 X X 0 0 0 Christine F Petra Secretary 10.00 0.00 X X 0 0 0 Kyo Bannai Trustee 3.00 0.00 X 0 0 0 Katherine MB Berger Trustee 3.00 0.00 X 0 0 0 Kenneth A Blaschke Trustee/Past Treasurer 3.00 0.00 X X 0 0 0 Paige A Carter Trustee 3.00 0.00 X 0 0 0 Tae Chong Trustee 3.00 0.00 X 0 0 0 Lila Hunt Davies Trustee 3.00 0.00 X 0 0 0 Robert R Gould Trustee 3.00 0.00 X 0 0 0 Jocelyn R Handy Trustee 3.00 0.00 X 0 0 0 Erik K Hayward Trustee 3.00 0.00 X 0 0 0 Sharyn M Howell Trustee 3.00 0.00 X 0 0 0 Elizabeth A Jabar Trustee 3.00 0.00 X 0 0 0 Suzanne C Kohlberg Trustee 3.00 0.00 X 0 0 0 Susie Konkel Trustee 3.00 0.00 X 0 0 0 Bree A LaCasse Trustee 3.00 0.00 X 0 0 0 Judy Glickman Lauder Trustee 3.00 0.00 X 0 0 0 Leeann M Leahy Trustee 3.00 0.00 X 0 0 0 Andy Lilienthal Trustee 3.00 0.00 X 0 0 0 Karen L McDonald Trustee 3.00 0.00 X 0 0 0 Dimitri M Michaud Trustee 3.00 0.00 X 0 0 0 Marcia Minter Trustee 3.00 0.00 X 0 0 0 Rodney D Moore Trustee 3.00 0.00 X 0 0 0 Jane A Parker Trustee 3.00 0.00 X 0 0 0 Alexander E Porteous Trustee 3.00 0.00 X 0 0 0 Theresa Secord Trustee 3.00 0.00 X 0 0 0 Jack Soley Trustee 3.00 0.00 X 0 0 0 Clayton Spender Trustee 3.00 0.00 X 0 0 0 Stewart Strawbridge Trustee 3.00 0.00 X 0 0 0 Troy Trejo Trustee 3.00 0.00 X 0 0 0 Joan Carpenter Troccoli Trustee 3.00 0.00 X 0 0 0 Kristin Kellogg Valdmanis Trustee 3.00 0.00 X 0 0 0 Karen B Watson Trustee 3.00 0.00 X 0 0 0 William B Williamson Trustee 3.00 0.00 X 0 0 0 Amy H Woodhouse Trustee 3.00 0.00 X 0 0 0 Joanee Sterling Trustee 3.00 0.00 X 0 0 0 Mark H Bessire Executive Director 40.00 0.00 X 426402 0 33401 Elizabeth F Jones Senior Deputy Director 40.00 0.00 X 209641 0 8134 Elena F Henry Past Deputy Director and CFO 40.00 0.00 X 201174 0 13715 Andrew Smaha Chief Financial Officer 40.00 0.00 X 18750 0 0 Shalini Le Gall Chief Curator 40.00 0.00 X 152586 0 4578 Graeme Kennedy Creative Director and Dir. of PR 40.00 0.00 X 105787 0 3174 Christian Adame Dir. of Learning/Community Collab. 40.00 0.00 X 105295 0 10880 Craig Garrett Director of HR 40.00 0.00 X 100208 0 8832 1319843 0 82714 7 0 1 0 Lever Architecture PC 4713 N Albina Ave 4th Floor Portland OR 97217 Architecture & Design 444812 Scott Simons Architects 75 York Street Ste 4 Portland ME 04101 Architecture & Design 265858 Openbox Designs LLC PO Box 1518 Kingston NY 12402 Community Engagement Firm 146364 Urban Projects Collaborative LLC 5 Penn Plaza 19th Floor New York NY 10001 Owner's Rep 109044 4 705718 300000 12442030 638835 13447748 Admissions 713990 590416 590416 Program Revenues 713990 280491 280491 870907 1495087 57864 1437223 13397336 13561772 -164436 -164436 -164436 336185 585269 -249084 -249084 15400222 870907 57864 1023703 X 911217 631960 279257 5082535 3697089 258210 1127236 464644 336955 22605 105084 440648 318355 19160 103133 137017 137017 43626 43626 285620 285620 2836867 2516122 33172 287573 128225 124183 4042 117830 83848 10753 23229 445280 306025 32045 107210 554795 529053 3518 22224 82279 53506 3155 25618 28400 13264 7947 7189 494086 290863 76575 126648 148596 140735 4394 3467 Exhibition & Collection 347075 346595 0 480 Fundraising 299892 110902 0 188990 Acquisition of Art 261559 261559 Education 258585 181957 26583 50045 13368776 10079988 827363 2461425 X 1033771 5909595 8114290 6233382 9181815 11157922 1382953 232896 99745 131405 343356 204971 35237789 17736576 18015832 17501213 16573268 21040364 30011372 27760883 4208907 4204639 88965309 94377270 1451585 1638818 109569 373510 1561154 2012328 X 28844856 26657463 58559299 65707479 87404155 92364942 88965309 94377270 2031446 2929341 0 X 0 1 X 1 0 X 7341928 11641111 11968731 20824908 13447748 65224426 7341928 11641111 11968731 20824908 13447748 65224426 16083892 49140534 304287 323641 508663 442501 1437223 3016315 57864 57864 68298605 4574743 0.71950 0.72210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 1 46914294 46914294 50272876 2339140 -3404673 2293049 46914294 46127688 4582167 2185548 2622527 50272876 42438486 2646157 3567718 2524673 46127688 37580222 3003330 3665288 1810354 42438486 0 0 7800294 7800294 25616819 16178363 9438456 980223 725129 255094 840453 833084 7369 17501213 Investments in Limited Partnerships 7243365 F Limited Liability and Other Closely Held Companies 20517518 F 27760883 18629212 2929341 585269 3514610 15114602 285620 285620 15400222 13668425 585269 585269 13083156 285620 285620 13368776 Part III, Line 1a: The art collection is reflected in the plant fund at a nominal value. The cost of a collection item is recorded as a decrease in net assets when purchased. The proceeds from the sale of a collection item are recorded as an increase in net assets when sold. The collection is managed according to a policy which adheres to the standards of the American Alliance of Museums. The policy delineates responsibilities in such matters as museum ethics, acquisitions, loans, care of collections, and deaccessioning. Objects held in the collection are carefully tracked and monitored. The PMA's deaccessioning policy is that all benefits from the deaccessioning procedure, whether by exchange of object(s) or sale, shall be reapplied exclusively to the acquisition of works of art. All objects acquired in this manner should acknowledge the original donor or source as appropriate. Part III, Line 4: The art collection includes more than 19,000 objects and represents significant holdings of American, European, contemporary art, and photography, as well as iconic works from Maine - highlighting the rich artistic tradition of the state and its artists. The collection includes paintings, sculpture, prints, photographs, glass, ceramics, furniture, silver, artists' books, and other media, and is highlighted by works by George Bellows, Max Beckmann, Katherine Bradford, David Moses Bridges, Marc Chagall, Frederic Church, Gustave Courbet, Stuart Davis, Edgar Degas, Lois Dodd, Leonardo Drew, David Driskell, Richard Estes, Lauren Fensterstock, Jeremy Frey, Jeffrey Gibson, Nan Goldin, Phillip Guston, John Haberle, Marsden Hartley, Childe Hassam, Reggie Burrows Hodges, Winslow Homer, Edward Hopper, Jean Auguste Dominique Ingres, Alex Katz, Rockwell Kent, Yasuo Kuniyoshi, Fitz Henry Lane, Claude Monet, Thomas Moran, Louise Nevelson, John Frederick Peto, Sigmar Polke, William Pope.L, Robert Rauschenberg, Pierre Auguste Renoir, Tim Rollins & K.O.S., John Singer Sargent, Theresa Secord, Kara Walker, Andrew Wyeth, N.C. Wyeth, James McNeill Whistler, Betty Woodman, and Marguerite Thompson Zorach. The PMA is accredited by the American Alliance of Museums and adheres to best practices in developing and managing these works of art in the public trust. Part V, Line 4: PMA's intended use of endowment funds is for general operations, education, maintenance of collection and buildings, acquisition of art for the collection, wages, and other related expenses. Part XI, Line 2d - Other Adjustments: PMA Store Expenses 585,269. Part XII, Line 2d - Other Adjustments: PMA Store Expenses 585,269. X X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 Mark H Bessire Executive Director 426402 0 0 0 0 0 9900 0 23501 0 459803 0 0 0 Elizabeth F Jones Senior Deputy Director 209641 0 0 0 0 0 6315 0 1819 0 217775 0 0 0 Elena F Henry Past Deputy Director and CFO 201174 0 0 0 0 0 6148 0 7567 0 214889 0 0 0 Shalini Le Gall Chief Curator 152586 0 0 0 0 0 4578 0 0 0 157164 0 0 0 Part I, Line 1a PMA paid $3,543 for a membership fee and dues to Portland's Cumberland Club, for Mark H.C. Bessire, Director. The Cumberland Club is adjacent to the Portland Museum of Art, and membership allows the Director to host meetings for the purpose of conducting museum business. PMA paid travel expenses for a companion of Mark H.C. Bessire, Director. The amount paid by PMA was not treated as taxable compensation. These expenses were documented and approved by the President of the Board of Trustees as bona fide business expenses. X 212 0 X 18 638835 Stock Market Value 0 0 1 1 Part I, Line 32b: Contributions of securities are sold through PMA's investment brokers. All gifts of securities are sold as soon as administratively possible. The Investment Committee has formally approved an exception to the PMA's Gift Acceptance Policy to allow delaying the sale of securities until donor criteria are met provided the criteria are reasonable and realistic. Part I, Line 33: The art collection is reflected in the plant fund at a nominal value. The cost of a collection item is recorded as a decrease in net assets when purchased. The proceeds from the sale of a collection item are recorded as an increase in net assets when sold. Form 990, Schedule M, Part I, Column (b): A total of 212 donated works of art have been accepted into the PMA collection and have not been assigned a value. Form 990, Part VI, Section A, line 2 Mark H.C. Bessire, Director, and Erik K. Hayward, President, have a business relationship as they both sit on the board of directors of a separate unrelated for-profit business entity. Form 990, Part VI, Section B, line 11b Forms 990 and 990-T are reviewed at a meeting of the PMA Audit Committee, then distributed to the full Board of Trustees with sufficient time for each Trustee to review and provide feedback, questions, and/or concerns. All Trustees are invited to ask questions and provide input to the Audit Committee. The Audit Committee subsequently votes to accept Forms 990 and 990-T and sends final drafts to the President of the Board for signature and filing. Form 990, Part VI, Section B, line 12c Trustees are asked to fill out a Conflict of Interest form annually. The procedure is outlined in PMA's "Institutional Code of Ethics and Guidelines for Professional Practice" a board-approved policy that is reviewed and signed by each incoming Trustee. Per the policy, in the event a significant conflict of interest appears to be unavoidable, the Trustee shall seek the approval of the Board, or a duly appointed and authorized committee of the Board, prior to engaging in such action, and such approval, if given, shall result in there being no conflict with respect to the contemplated action. Form 990, Part VI, Section B, line 15 Per PMA's Bylaws, the executive committee is authorized to exercise the following specific powers and duties on behalf of the board of trustees: (a) To enter into employment with, and to terminate the employment of, the chief executive officer (the "Director"), to negotiate and enter into employment contracts with the Director subject to final approval by the board of trustees, to annually review the performance of the Director, to determine the Director's annual compensation adjustments and benefits adjustments, to resolve all disciplinary and other issues relating to the Director's employment; (b) To review annually the performance of any other key employees and to resolve all disciplinary and other issues relating to such employees when such tasks are specifically delegated to the executive committee by the board of trustees; The Executive Committee in 2021 developed a new compensation plan and five year contract for the PMA Director. The employment contract began on March 1, 2021 and terminates on February 28, 2026. The compensation plan was developed by an ad hoc committee of the Executive Committee. The ad hoc committee was formed to develop a multi-year plan for approval by the full Executive Committee. The ad hoc committee contracted with Career Management Associates (CMA) to provide guidance as to an appropriate level of compensation. On December 10, 2020, CMA provided a report titled: "Non-Profit Executive Compensation Analysis Report." CMA's report included data compiled from the 990 forms of specific peer group organizations identified by the PMA's board, and also compiled 990 data from a broader set of peers who reported the same nonprofit classification. Using the report's guidelines, the ad hoc committee negotiated with the Director a new five-year contract that provides remuneration within the band of reasonable compensation for a similarly situated museum director. The Executive Committee approved the terms of the new employment agreement and it was accepted by the Director and signed by all parties on November 23, 2021. The Executive Committee in 2021 developed a compensation plan and three year contract for the PMA Senior Deputy Director of Advancement and Sustainability. The employment contract began February 1, 2021 and terminates on January 31, 2024. The compensation plan was developed by an ad hoc committee of the Executive Committee to develop a multi-year plan for approval by the full Executive Committee. The Executive Committee consulted with data provided by Association of Art Museum Directors to provide guidance as to the appropriate level of compensation. In review of salary ranges for Chief Operating Officer, Deputy Director and Director of Development and using the report's guidelines, the Executive Committee approved the 3-year contract that provides remuneration within the band of reasonable compensation for similarly situated senior deputy directors. The Executive Committee approved the terms of the new employment agreement and it was accepted by the Senior Deputy Director and signed by all parties on July 1, 2021. Form 990, Part VI, Section C, line 19 PMA's governing documents, conflict of interest policy, and financial statements are made available to the public upon request. The PMA's audited financial statements and IRS Form 990 are publicly posted on the PMA's website. Form 990, Part IX, line 11g Other Fees: Program service expenses 2,516,122. Management and general expenses 33,172. Fundraising expenses 287,573. Total expenses 2,836,867. Form 990, Part X, Line 10: Land, Buildings, and Equipment Section 1.263(a)-3(n) Election: Portland Museum of Art 7 Congress Square Portland, ME 04101 EIN: 01-0378420 Section 1.263(a)-3(n) Election: Portland Museum of Art is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n). Davis Family Foundation 30 Forest Falls Drive Yarmouth ME 04096 010390443 To award grants ME 501(c)(3) Line 12b, II N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0