2026-05-13T15:08:19-05:00 2025-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 333 BUSH STREET STE 300 SAN FRANCISCO CA 94104 990 2024-07-01 946096509 FINE ARTS MUSEUMS FOUNDATION FINE 4157508902 50 HAGIWARA TEA GARDEN DRIVE SAN FRANCISCO CA 941184501 JASON SEIFER FISCAL OFFICER 4157503682 2026-05-12 1 1 QI WEN LIANG P01270238 4159561500 2026-05-12 2024 2025-03-06 01:10:19Z THOMAS CAMPBELL 50 HAGIWARA TEA GARDEN DRIVE SAN FRANCISCO CA 941184501 37566203 0 X WWW.FAMSF.ORG X 1963 CA RECEIVING, DONATING AND DISBURSING FUNDS FOR THE FINE ARTS MUSEUMS. 9 9 0 9 27312 22672 11966133 14158324 0 0 6674422 12701915 13197 5591 18653752 26865830 7991871 7798649 0 0 0 0 0 0 0 16686332 13399060 24678203 21197709 -6024451 5668121 309223393 329135828 1284223 2559481 307939170 326576347 X THE SPECIFIC AND PRIMARY PURPOSES FOR WHICH THIS FOUNDATION IS FORMED ARE THE CHARITABLE AND EDUCATIONAL PURPOSES OF SOLICITING, RECEIVING, DISBURSING AND MANAGING FUNDS AND PROPERTY FOR THE EMBELLISHMENT, ADVANCEMENT, ADMINISTRATION AND ENLARGEMENT OF THE FINE ARTS MUSEUMS OF SAN FRANCISCO (FAMSF). THESE ACTIVITIES INCLUDE PURCHASING WORKS OF ART, HOLDING THOSE WORKS OF ART, AND LENDING OR DONATING THEM TO THE FINE ARTS MUSEUMS OF SAN FRANCISCO. 0 0 5623445 0 0 ART ACQUISITIONS FOR THE FINE ARTS MUSEUMS. 5891969 0 0 THE FINE ARTS MUSEUMS FOUNDATION (FAMF) AND COFAM PRIVATELY RAISED FUNDS AND REBUILT THE DEYOUNG MUSEUM, WHICH WAS GIFTED TO THE CITY OF SAN FRANCISCO UPON ITS COMPLETION IN 2005. THESE EXPENSES INCLUDE THE AMORTIZATION OF THE BENEFICIAL INTEREST IN THE DEYOUNG AS WELL AS THE COST OF SERVICING RELATED BONDS. THE NEW DEYOUNG HAS PERMITTED EXPANDED AND IMPROVED SERVICE TO THE MUSEUM'S PUBLIC BY INCREASING THE AMOUNT OF ART ON VIEW, THE EXPANSION OF THE EDUCATIONAL DEPARTMENT AND THE INCREASED EXHIBITION SPACE. 7798649 7798649 0 DISBURSEMENT OF FUNDS FOR THE EMBELLISHMENT, ADVANCEMENT, AND ADMINISTRATION OF THE CORPORATION FOR THE FINE ARTS MUSEUMS(COFAM). 19314063 1 1 0 0 0 0 0 1 0 1 1 0 0 1 0 1 0 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 2 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X JASON SEIFER 4157503691 50 HAGIWARA TEA GARDEN DRIVE SAN FRANCISCO CA 941184501 LORNA F MEYER PRESIDENT 5.00 1.00 X X 0 0 0 GEORGE HECKSHER VICE PRESIDENT 1.00 1.00 X X 0 0 0 DAVID HOOKER SPENCER CHAIR 1.00 1.00 X X 0 0 0 DAVID SOWARD TREASURER, VP OF INVESTMEN 1.00 1.00 X X 0 0 0 DEBBIE JORGENSEN SECRETARY 1.00 1.00 X X 0 0 0 WILLIAM HEARST III VP OF COLLECTIONS 1.00 1.00 X X 0 0 0 ALEXANDRIA J ASHDOWN TRUSTEE 1.00 1.00 X 0 0 0 LESHELLE MAY TRUSTEE (THRU 12/24) 1.00 1.00 X 0 0 0 JASON MOMENT TRUSTEE (THRU 05/25) 1.00 1.00 X 0 0 0 MARVIN TSEU TRUSTEE 1.00 1.00 X 0 0 0 PAUL A VIOLICH TRUSTEE 1.00 1.00 X 0 0 0 DIANE B WILSEY COFAM CHAIR EMERITA 1.00 1.00 X 0 0 0 THOMAS CAMPBELL DIRECTOR OF MUSEUMS 5.00 40.00 X 0 1133918 74967 JASON SEIFER FISCAL OFFICER 10.00 40.00 X 0 371108 57083 0 1505026 132050 0 0 1 0 CORPORATION OF THE FINE ARTS MUSEUMS 50 HAGIWARA TEA GARDEN DRIVE SAN FRANCISCO CA 941184501 MANAGEMENT FEES 250000 CANTERBURY CONSULTING 660 NEWPORT CENTER DRIVE SUITE 300 NEWPORT BEACH CA 92660 INVESTMENT MANAGEMENT FEES 239877 2 1965777 12192547 14158324 6387253 27312 6359941 17015035 10700373 6314662 6314662 6314662 OTHER REVENUE 900099 5591 5591 5591 26865830 0 27312 12680194 7798649 7798649 250000 250000 86657 86657 1350022 1350022 5891969 5891969 196967 196967 ART ACQUISITION 5623445 5623445 21197709 19314063 1883646 0 134818 359773 5596560 5319635 2425000 4788365 4326895 9791300 825000 0 13416 13416 0 0 189444999 206999432 10169457 11468628 96300664 90408695 309223393 329135828 1284223 2559481 1284223 2559481 X 149297302 146103517 158641868 180472830 307939170 326576347 309223393 329135828 X 5668121 12996368 -27312 X 0 1 X 1 0 X X 2 CORPORATION OF THE FINE ARTS MUSEUMS 943045948 7 1 7798649 0 THE FINE ARTS MUSEUMS OF SAN FRANCISCO 946000417 6 1 0 0 2 7798649 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 169720556 13532852 19897979 7691932 195459455 150937953 6348513 19937980 7503890 169720556 138450498 4003340 15895957 7411842 150937953 167111266 5206417 -26964153 6903032 138450498 131133902 3207446 39663184 6893266 167111266 0.10000 0.54000 0.36000 1 0 13416 13416 0 0 BENEFICIAL INTEREST IN DEYOUNG MUSEUM, NET 90408695 90408695 X PART III, LINE 1A: ART COLLECTIONS ARE EXPENSED BY FAMF IN ACCORDANCE WITH FASB ASC 958-360. THE EXPENSING OF ART COLLECTIONS IS THE PREFERABLE METHOD IN ACCORDANCE WITH INDUSTRY NORMS AND ITS ACCREDITATION BODY'S RECOMMENDATION. PART III, LINE 4: THE SPECIFIC AND PRIMARY PURPOSE OF THE COLLECTIONS INCLUDES LENDING AND DONATING WORKS OF ART TO THE FINE ARTS MUSEUMS OF SAN FRANCISCO AND SUPPORTING THE EDUCATIONAL, CURATORIAL, CONSERVATION AND EXHIBITION PROGRAMS OF THE MUSEUMS. PART V, LINE 4: TO PROVIDE FINANCIAL SUPPORT FOR ART ACQUISITIONS AND MUSEUM OPERATIONS. PART X, LINE 2: FAMF HAS OBTAINED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE AND THE CALIFORNIA FRANCHISE TAX BOARD TO THE EFFECT THAT IT QUALIFIES AS A TAX EXEMPT ENTITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE, RESPECTIVELY. ACCORDINGLY, THE PRIMARY OPERATIONS OF FAMF ARE CONSIDERED EXEMPT FROM FEDERAL INCOME AND STATE FRANCHISE TAXES. THE FOUNDATION HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF JUNE 30, 2025 AND 2024, IT DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. THE ORGANIZATION HAS IMMATERIAL UNRELATED BUSINESS TAXABLE INCOME, AND THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED IN THESE COMBINED FINANCIAL STATEMENTS. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 4609873 0 0 0 0 0 0 4609873 0 4609873 1 0 1 1 1 0 PART I, LINE 3: ACCRUAL METHOD 1 CORPORATION OF THE FINE ARTS MUSEUMS 50 HAGIWARA TEA GARDEN DRIVE SAN FRANCISCO CA 941184501 943045948 501C(3) 7798649 0 OPERATIONAL ASSISTANCE 1 0 PART I, LINE 2: GRANTS FUNDS ARE RELEASED ONCE EXPENDITURES HAVE BEEN INCURRED BY THE RECIPIENT ORGANIZATION. THOSE EXPENDITURES HAVE TO MEET THE DONOR-IMPOSED RESTRICTIONS PRIOR TO RELEASE. 0 0 0 0 0 0 0 0 0 THOMAS CAMPBELL DIRECTOR OF MUSEUMS 0 1124068 0 0 0 9850 0 17654 0 57313 0 1208885 0 0 JASON SEIFER FISCAL OFFICER 0 370545 0 0 0 563 0 24150 0 32933 0 428191 0 0 PART I, LINE 3 COMPENSATION FOR THE DIRECTOR OF MUSEUMS AND FISCAL OFFICER WERE DETERMINED BY CORPORATION OF THE FINE ARTS MUSEUMS, A RELATED ORGANIZATION, THAT USED COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATION, COMPENSATION SURVEY OR STUDY, AND APPROVED BY THE BOARD OR COMPENSATION COMMITTEE. X 53 0 23 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS. SCHEDULE M, LINE 33: A ZERO AMOUNT WAS REPORTED ON FORM 990, PART VIII, LINE 1G BECAUSE THE MUSEUM DID NOT CAPITALIZE ITS COLLECTIONS, AS ALLOWED UNDER FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION 958-360-25 (ASC 958-360-25) (FORMERLY SFAS 116). FORM 990, PART VI, SECTION A, LINE 7A THE FAMF TRUSTEES ARE ALSO TRUSTEES OF THE CORPORATION OF THE FINE ARTS MUSEUMS. FAMF BOARD IS SELF-PERPETUATING. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWS AND APPROVES THE COMPLETED TAX RETURN THAT IS PREPARED BY BAKER TILLY. A FINAL DRAFT OF THE FORM 990 IS EMAILED TO THE ENTIRE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS SHARED ANNUALLY WITH THE BOARD OF TRUSTEES, OFFICERS AND KEY EMPLOYEES (INCLUDING THE DIRECTOR). THEY MUST COMPLETE AN ANNUAL FORM ACKNOWLEDGING RECEIPT OF THE POLICY AND AGREE TO COMPLY WITH ITS TERMS. THEY ARE REQUIRED TO REPORT ANY INTERESTS OR RELATIONSHIPS THAT COULD GIVE RISE TO A CONFLICT OF INTEREST. IF A CONFLICT ARISES, THEY WOULD BE PROHIBITED FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS ABOUT THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE DIRECTOR OF MUSEUMS IS DETERMINED AND REVIEWED BY THE COFAM COMPENSATION COMMITTEE AND PERIODIC COMPENSATION ANALYSIS BY INDEPENDENT EXPERTS. FAMF HAS NO PAID EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 COMBINED FINANCIAL STATEMENTS ARE AVAILABLE ON THE MUSEUMS' WEBSITE AT WWW.FAMSF.ORG. FORM 990, PART XI, LINE 9: UNRELATED BUSINESS INCOME FROM PARTNERSHIPS -27,312. CORPORATION OF THE FINE ARTS MUSEUMS 50 HAGIWARA TEA GARDEN DRIVE SAN FRANCISCO CA 941184501 943045948 SEE PART VII CA 501C(3) LINE 7 0 THE FINE ARTS MUSEUMS OF SAN FRANCISCO 50 HAGIWARA TEA GARDEN DRIVE SAN FRANCISCO CA 941184501 946000417 SEE PART VII CA 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 PART II, IDENTIFICATION OF RELATED TAX-EXEMPT ORGANIZATIONS: NAME OF RELATED ORGANIZATION: CORPORATION OF THE FINE ARTS MUSEUMS PRIMARY ACTIVITY: OPERATES MOST OF THE MUSEUM'S ACTIVITY EXCEPT FOR SECURITY AND BUILDING MAINTENANCE. PART II, IDENTIFICATION OF RELATED TAX-EXEMPT ORGANIZATIONS: NAME OF RELATED ORGANIZATION: THE FINE ARTS MUSEUMS OF SAN FRANCISCO PRIMARY ACTIVITY: OWNS MUSEUMS' BUILDINGS AND ART. OPERATES SECURITY, ART, INSURANCE, MAINTENANCE.