2024-10-23T08:06:15-05:00 2023-12-31 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2023-01-01 886003042 Nevada Museum of Art NEVA 7753293333 160 W Liberty St Reno NV 89501 DAVID WALKER CEO 7753293333 2024-10-17 1 1 Deb Nelson CPA P01264758 6122536500 2024-10-17 2023 2024-10-15 13:58:12Z David Walker 160 W Liberty St Reno NV 89501 19483584 0 X www.nevadaart.org X 1983 NV To serve as a cultural and educational resource for every member of the community. 24 24 99 115 0 0 11721901 15893993 1302983 1298809 463765 1327496 494585 605804 13983234 19126102 0 0 0 0 4306150 4503941 0 0 1499655 4051769 3542268 8357919 8046209 5625315 11079893 70321781 83845059 2180949 3206038 68140832 80639021 X The Nevada Museum of Art provides a forum for the presentation of creative ideas. It aspires to serve as a cultural resource for every member of the community. 0 0 5336325 1493432 The Nevada Museum of Art, Inc. (the "Museum") is a not-for-profit organization housed in a contemporary building in Reno, Nevada designed by renowned architect Will Bruder. Founded in 1931, the Museum is one of the oldest cultural institutions in Nevada and is the only museum in the state accredited by the American Alliance of Museums. The Museum presents a wide variety of visual arts exhibitions, educational programs and studio classes, films, and special events. The permanent collection of the Museum is divided into four focus areas and consists of more than 2,000 works of art organized around general themes of land and environment. Many of the Museum's exhibitions and programs are developed as content for the Center for Art + Environment, which aims to support the practice, study, and awareness of creative interactions between people and their environment. 5336325 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 1 96 0 1 99 1 0 0 0 0 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 1 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X Mary Solorzano 7753293333 160 West Liberty St Reno NV 89501 David Walker CEO/Executive Director 40.00 X X 407001 0 82097 Doug Brewer Chair 2.00 X X 0 0 0 Thomas Monroe Treasurer 2.00 X X 0 0 0 Charlotte McConnell Secretary 2.00 X X 0 0 0 Barbara Danz Chair Elect 2.00 X X 0 0 0 Carole K Anderson Trustee 1.00 X 0 0 0 Kathie Bartlett Trustee 1.00 X 0 0 0 Donald A Bernard Trustee 1.00 X 0 0 0 Anne Brockinton Lee Trustee 1.00 X 0 0 0 David Collins Trustee 1.00 X 0 0 0 John Cunha Trustee 1.00 X 0 0 0 Tammy Dermody Trustee 1.00 X 0 0 0 Nancy Fennell Trustee 1.00 X 0 0 0 Alfred Giuffrida Trustee 1.00 X 0 0 0 Jennifer Hargis Trustee (Jan-Oct) 1.00 X 0 0 0 Jeremy Higginbotham Trustee 1.00 X 0 0 0 Jackie Kane Trustee 1.00 X 0 0 0 Jennifer Laity Trustee 1.00 X 0 0 0 Alan Maiss Trustee 1.00 X 0 0 0 Stacie Mathewson Trustee 1.00 X 0 0 0 Yvonne Murphy Trustee 1.00 X 0 0 0 George Ogilvie Trustee (Jan-Nov) 1.00 X 0 0 0 Peter E Pool Trustee 1.00 X 0 0 0 Wayne Prim Trustee 1.00 X 0 0 0 Barry Skolnick Trustee (Jan-Sept) 1.00 X 0 0 0 Roswitha Kima Smale Trustee 1.00 X 0 0 0 Kaya Stanley Trustee (Jan-Apr) 1.00 X 0 0 0 Garrett Sutton Trustee (Jan-Jul) 1.00 X 0 0 0 Julie Teel Trustee 1.00 X 0 0 0 Henry Thumann Trustee 1.00 X 0 0 0 Amy Oppio COO/Deputy Director 40.00 X 171684 0 39231 Mary Solorzano Director of Finance 40.00 X 134160 0 51254 Ann Wolfe Chief Curator and Assoc Director 40.00 X 155165 0 25791 Apsara DiQuinzio Senior Curator of Contemporary Art 40.00 X 128983 0 20123 Chelsey Lundin Dir Of HR Volunteer and Visitor Services 40.00 X 118801 0 14134 Claire Munoz VP of Museum Advancement & Deputy Director 40.00 X 117898 0 19404 Nisha Hallert VP of Facilities 40.00 X 102428 0 30419 1336120 0 282453 8 0 1 0 ClarkSullivan Construction Inc 905 Industrial Way Sparks NV 89431 Construction - general contractor 7890367 Lamar Johnson Collaborative 2199 Innerbelt Business Center Driv St Louis MI 63114 Design and constructon document prep 1063302 Steinmann Facility Development Consultan PO Box 909 Kings Beach CA 96143 Construction management 204182 UNA Art Logistics 1200 Market Street 201 Lemoyne PA 17043 Fine art shipping 156246 Norton Fine Art 23 B Duffy Place San Rafael CA 94901 Fine art shipping 150071 7 79660 141213 15673120 580479 15893993 Membership Dues 713990 817965 817965 Museum School 611610 244794 244794 Admissions 713990 177700 177700 Exhibition Use Fees 713990 45000 45000 13350 13350 1298809 1220089 1220089 298 298 488909 69584 419325 419325 419325 106907 500 0 0 106907 500 107407 107407 71390 79660 79832 -8442 -8442 400111 208066 192045 192045 Miscellaneous Revenue 900099 2578 2578 2578 19126102 1493432 0 1738677 1066382 278775 396329 391278 2851481 2074855 135026 641600 52769 48636 4133 243601 168416 12362 62823 289708 176722 37662 75324 58517 58517 450104 157935 219399 72770 196838 140246 54792 1800 580557 478529 27053 74975 97578 19514 73242 4822 63715 63715 667694 516106 89047 62541 87638 70115 8695 8828 640454 560189 41846 38419 122165 115749 5347 1069 Acquisition of Art 254359 254359 Food, Beverage, and Dec 97928 30166 13560 54202 Exhibition Fees and Ins 59061 56265 2213 583 Receptions and Donor Re 34833 13453 16066 5314 130827 112580 14940 3307 8046209 5336325 1210229 1499655 155530 5837775 10042281 4021051 18168640 12233185 8750 13730 292459 200364 187202 410749 44740809 9933483 23771113 34807326 16947818 25182783 706499 1055066 41489 83030 70321781 83845059 1847306 2901765 293340 259207 40303 45066 2180949 3206038 X 24848319 26013594 43292513 54625427 68140832 80639021 70321781 83845059 11079893 1418296 0 X 0 1 X 1 0 X 16605962 7036958 22045564 11721901 15893993 73304378 16605962 7036958 22045564 11721901 15893993 73304378 18488165 54816213 929176 622601 838398 676596 1708998 4775769 635412 67625 32670 2578 738285 78818432 7110940 0.69550 0.68920 X Schedule A, Part II, Line 10, Explanation of Other Income: Miscellaneous - 2019 Amount: $ 182,086. 2020 Amount: $ 50,580. 2023 Amount: $ 2,578. Sale of Art - 2019 Amount: $ 453,326. 2020 Amount: $ 17,045. Deaccessioning Income - 2022 Amount: $ 32,670. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 14316874 1703 1668397 2228247 13758727 14345816 2525922 -1985803 569061 14316874 13688007 122575 1212166 676932 14345816 12018557 879688 1310607 520845 13688007 10319818 319540 1684797 305598 12018557 0.03630 0.65900 0.30470 1 0 4531321 4531321 22030991 9744347 12286644 309414 189136 120278 17869083 17869083 34807326 Other Long Term Liabilities 7710 Lease Liability 37356 45066 X 21246883 1418296 403520 79832 1901648 19345235 58517 -277650 -219133 19126102 8748694 403520 277650 681170 8067524 58517 -79832 -21315 8046209 Part III, Line 1a: The museum's permanent collections are acquired through purchases and contributions, and consist of art, archive, and library resources. Pursuant to a change in accounting policy adopted by the board of trustees during 2019, the permanent collections are no longer recognized as assets on the statements of financial position. This change in policy was made to bring the museum's financial statements into alignment with its peers and with the principles of its accrediting body. Purchases of permanent collection items are recorded as decreases in net assets without donor restrictions in the year in which the items were acquired. Contributed permanent collection items are not reflected in the consolidated financial statements. Proceeds from the deaccessioning process are reflected as increases in net assets without donor restrictions and are used exclusively to acquire other items for the permanent collections. Part V, Line 4: The earnings from the endowment funds are intended for various purposes including the preservation and enhancement of the facilities and art collections, to increase exposure to the arts, and to maintain financial reserves. Part X, Line 2: Management annually reviews the Museum's tax positions, which are summarized as follows: The Museum has not engaged in activities that would jeopardize its tax-exempt status; The Museum has not engaged in any activities that would result in unrelated business income tax; The Museum has determined that there are no material uncertain tax positions that require recognition in the financial statements. Accordingly, no provision for income taxes has been made. In addition, the Museum does not expect any material change in its tax positions within the next 12 months. The Museum's policy is to recognize interest and penalties accrued on any unrecognized tax benefits. As of December 31, 2023 and 2022, the Museum did not have any unrecognized tax benefits; therefore, the Museum did not have any interest or penalties expense related to unrecognized tax benefits for the years ended December 31, 2023 and 2022. The Museum is not subject to federal income tax examinations for years before 2020. Part XI, Line 2d - Other Adjustments: Fundraising Expense included in Revenue for Tax Purposes 79,832. Part XI, Line 4b - Other Adjustments: Rental Expenses Included in Revenue for Tax Purposes -69,584. Cost of Goods Sold Included in Revenue for Tax Purposes -208,066. Part XII, Line 2d - Other Adjustments: Rental Expenses Included in Revenue for Tax Purposes 69,584. Cost of Goods Sold Included in Revenue for Tax Purposes 208,066. Part XII, Line 4b - Other Adjustments: Fundraising Expense included in Revenue for Tax Purposes -79,832. The Love of Art 82050 22160 59890 15230 600 8331 Ghost Army Premier Dinner 57500 51750 5750 24609 12999 1 11500 5750 5750 11381 6682 151050 79660 71390 51220 600 28012 79832 -8442 X 0 0 0 0 0 0 0 1 0 David Walker CEO/Executive Director 362001 0 45000 0 0 0 57577 0 24520 0 489098 0 0 0 Amy Oppio COO/Deputy Director 164184 0 7500 0 0 0 30950 0 8281 0 210915 0 0 0 Mary Solorzano Director of Finance 114160 0 20000 0 0 0 30550 0 20704 0 185414 0 0 0 Ann Wolfe Chief Curator and Assoc Director 155165 0 0 0 0 0 5100 0 20691 0 180956 0 0 0 Part I, Line 7 Bonuses are performance-based, and are determined by the employee's supervisor in concert with senior management. Performance is evaluated against management expectations for the employee's position and against the employee's contribution to departmental and organizational objectives. The Museum has a personnel sub-committee as a function of the Board of Trustees. The Personnel subcommittee chair is a member of the Executive Committee. Management and those charged with governance are committed to ensuring that all compensation decisions are fair, reasonable, and well-documented. X 29 0 Donor estimates X 660 Sale of comparable items X 7 469230 Selling price X 3 54589 Donor's original cost. X Construction Supplies 1 39251 Vendor invoice X Valet, beverages, food, flowers, party rentals 1 15749 Receipts paid by don X Telephone Equipment 1 1000 FMV 5 0 1 1 Part I, Column (b): The number of contributions is reported in Column (b) Part I, Line 32b: Gifted property is sold using the services of appropriate third party brokers, depending upon the type of property. Part I, Line 33: The Museum does not carry its permanent collections on the balance sheet, and accordingly does not value works of art accepted from donors for these collections. Form 990, Part VI, Section A, line 1a The Executive Committee includes the Chair, the Chair Elect, the Immediate Past Chair, the Secretary and the Treasurer and normally 4 to 6 members as necessary to assure the Committee has up to 11 members. Form 990, Part VI, Section A, line 6 Membership to the museum is available to the general public for a fee. Members are entitled to entry to exhibits, tours and merchandise discounts based upon their membership level. Members also receive nominal discounts on art classes and free invitations to "art bites," which are informative lectures on current exhibits. Form 990, Part VI, Section B, line 11b A copy of the Form 990 is provided to the CEO, Director of Finance, and the Chair of the governing board for review prior to issuance. Form 990, Part VI, Section B, line 12c In instances where Trustees, Museum employees, volunteeers, and/ or members or their immediate families may have business interests or sit on for-profit or non for profit foundation boards that have relationships to the Museum, the individual must: a) immediately disclose any interest in the relationship, and b) recuse him/ herself from any discussion and/ or action taken by the Museum and/ or Museum Board by leaving the room during said discussion and vote. Guidance and advice from the CEO should be sought in any instance in which a questions arises on ths policy. Each Trustee and Employee signs the policy statement as evidence of acknowledgement. Form 990, Part VI, Section B, line 15 The board, COO and Director of Human Resources work together to obtain the comparative compensation information from contacts with other museums in the country, and from relevant publicly available/published salary data. The Board of Trustees determines the compensation to be paid to the CEO. For all other officers, the CEO recommends a salary or salary range, and the Board makes the final approval. All determinations and discussions are noted in the minutes. Form 990, Part VI, Section C, line 19 The museum's governing documents, conflict of interest policy, and financial statements are available to the general public upon request. Seven Magic Mountains LLC 2248 Meridian Blvd Ste H Minden NV 89423 383922908 Art Production and Installation NV 75 234377 Nevada Museum of Art Latimer Properties LLC 2248 Meridian Blvd Ste H Minden NV 89423 Hold and Manage Real and Personal Property NV 0 387743 Nevada Museum of Art