Form990
Click to see attachment
Department of the TreasuryInternal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private
foundations)
MediumBullet Do not enter social security numbers on this form as it may be made public.
MediumBullet Information about Form 990 and its instructions is at www.IRS.gov/form990.
OMB No. 1545-0047
2014
Open to Public Inspection
A For the 2014 calendar year, or tax year beginning 07-01-2014 , and ending 06-30-2015
BCheck if applicable:
CName of organization
ASIAN ART MUSEUM FOUNDATION OF SAN FRANCISCO
 
 
Doing business as
 
 
Number and street (or P.O. box if mail is not delivered to street address)
200 LARKIN STREET
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SAN FRANCISCO, CA941024734
D Employer identification number

94-1704765
E Telephone number

(415) 581-3500
G Gross receipts $ 83,436,278
F Name and address of principal officer:
JOANE T CHOU
200 LARKIN STREET
SAN FRANCISCO,CA941024734
I
Tax-exempt status: (   ) LeftBullet (insert no.) or
J
Website:MediumBullet
WWW.ASIANART.ORG
H(a)
Is this a group return for
subordinates?
H(b)
Are all subordinates
included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:  
L Year of formation: 1969
M State of legal domicile: CA
Part I
Summary
Activities  & Governance 1 Briefly describe the organization’s mission or most significant activities: PUBLIC EXHIBITION OF ART OBJECTS
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 50
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 50
5 Total number of individuals employed in calendar year 2014 (Part V, line 2a) ...... 5 189
6 Total number of volunteers (estimate if necessary) ............. 6 493
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a 20,073
b Net unrelated business taxable income from Form 990-T, line 34 ......... 7b 19,073
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 31,874,272 36,161,642
9 Program service revenue (Part VIII, line 2g) ......... 1,418,185 1,428,742
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 6,253,031 8,537,056
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 2,119,672 1,639,883
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12) 41,665,160 47,767,323
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 0 0
14 Benefits paid to or for members (Part IX, column (A), line 4)..... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 14,238,964 16,064,528
16a Professional fundraising fees (Part IX, column (A), line 11e) ..... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet2,957,755    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 13,391,090 16,671,128
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 27,630,054 32,735,656
19 Revenue less expenses. Subtract line 18 from line 12....... 14,035,106 15,031,667
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 229,140,312 236,713,094
21 Total liabilities (Part X, line 26)............. 97,174,069 96,060,656
22 Net assets or fund balances. Subtract line 21 from line 20..... 131,966,243 140,652,438
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet 2016-05-13
Signature of officer Date
JumboBullet JOANNE T CHOUCFO
Type or print name and title
Paid Preparer Use Only
Print/Type preparer's name
JOHN PANETTA
Preparer's signature
JOHN PANETTA
Date
 
PTIN
P00365375
Firm's name MediumBullet
ARMANINO LLP  
Firm's EIN MediumBullet94-6214841
Firm's address MediumBullet
12657 ALCOSTA BLVD STE 500
 
SAN RAMON, CA945834600
Phone no. (925) 790-2600
May the IRS discuss this return with the preparer shown above? (see instructions) ..........
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y Form 990 (2014)
Page 2
Form 990 (2014)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response or note to any line in this Part III ..............
1
Briefly describe the organization’s mission: THE ASIAN ART MUSEUM OF SAN FRANCISCO IS A PUBLIC INSTITUTION WHOSE MISSION IS TO LEAD A DIVERSE GLOBAL AUDIENCE IN DISCOVERING THE UNIQUE MATERIAL, AESTHETIC, AND INTELLECTUAL ACHIEVEMENTS OF ASIAN ART AND CULTURE.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ....................
If "Yes," describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program
services? ..........................
If "Yes," describe these changes on Schedule O.
4
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 21,895,700 including grants of $   ) (Revenue $ 0 )
THE MUSEUM IS ONE OF SAN FRANCISCO'S PREMIER ARTS INSTITUTIONS AND HOME TO A WORLD-RENOWNED COLLECTION OF MORE THAN 18,000 ASIAN ART TREASURES SPANNING 6,000 YEARS OF HISTORY AND REPRESENTING COUNTRIES AND CULTURES THROUGHOUT ASIA. THE COLLECTION'S SCOPE AND BREADTH ENABLE THE MUSEUM TO PROVIDE AN INTRODUCTION TO ALL THE MAJOR TRADITIONS OF ASIAN ART AND CULTURE. MORE THAN 2,500 ARTWORKS FROM THE COLLECTION ARE GENERALLY ON VIEW IN THE MUSEUM'S THIRTY-THREE COLLECTION GALLERIES, WITH ANOTHER 500 OBJECTS REMOVED AND REFRESHED WITH WORKS FROM STORAGE EACH YEAR. EXIT SURVEYS SUGGEST THAT THE MUSEUM HAS STRONG AND GLOBAL REACH - APPROXIMATELY 50% OF THE VISITORS CAME FROM THE BAY AREA AND 12% ORIGINATED FROM OUTSIDE THE US, NEARLY 30% OF LOCAL VISITORS ARE OF ASIAN DESCENT. ECHOING THE REGIONS ETHNIC MAKE-UP.
4b (Code:   ) (Expenses $ 1,380,390 including grants of $   ) (Revenue $ 0 )
THE MUSEUM PROVIDES A BROAD RANGE OF PROGRAM THAT EXPLORE ALL THE CULTURES PRESENTED IN THE MUSEUM'S COLLECTION AND EXHIBITIONS, AND ARE DESIGNED TO REACH ALL LEVELS OF EDUCATION (K-12, COLLEGE, AND ADULT) AND AWARENESS OF ART (NOVICE THROUGH EXPERT), FREE DOCENT LED TOURS OF THE COLLECTION GALLERIES AND SPECIAL EXHIBITIONS ARE CONDUCTED THROUGHOUT THE DAY. THE MUSEUM'S STORYTELLING CORPS OFFER ENTERTAINING AND EDUCATIONAL PROGRAMS FOR CHILDREN AND ADULTS RELATING TO ARTWORKS ON VIEW. SCHOOL PROGRAMS INCLUDE A VARIETY OF INDUSTRY-BASED ACTIVITIES: ALL CLASS TOURS ARE INTERACTIVE AND EMPHASIZE OBSERVATION SKILLS, CRITICAL THINKING, GROUP WORK, AND PEER PRESENTATIONS. MORE THAN 90,000 OF THE MUSEUM'S 206,718 ANNUAL VISITORS PARTICIPATED IN ONE OF THE HUNDREDS OF PUBLIC PROGRAM PRESENTED FROM JULY 1 2014 TO JUNE 30, 2015.
4c (Code:   ) (Expenses $ 412,679 including grants of $   ) (Revenue $ 202,736 )
28 CHINESE JUNE 5 - AUGUST 16, 2015 TOTAL ATTENDANCE: 48,861 28 CHINESE OFFERED GLIMPSES OF CONTEMPORARY CHINESE ART THROUGH A GROUP OF 28 ARTISTS, RANGING FROM THOSE GRABBING THE SPOTLIGHT TODAY, INCLUDING LIU WEI, HE XIANGYU AND XU ZHEN TO THE INTERNATIONALLY ACCLAIMED ZHANG HUAN AND AL WEIWEI. THESE ARTISTS HAVE MADE A SIGNIFICANT IMPACT ON THE CONTEMPORARY ART WORLD AND EXPANDED DEFINITIONS OF CONTEMPORARY ART IN CHINA. FEATURING VARIOUS FORMS -PAINTING, INSTALLATION, PHOTOGRAPHY AND NEW MEDIA - THE EXHIBITION REVEALED POWERFUL RESPONSES TO CHINA TODAY AS WELL AS PERSPECTIVES AND ATTITUDES TOWARDS TRADITION. THE EXHIBITION WAS ORGANIZED FROM THE RUBELL FAMILY COLLECTION IN MIAMI, ONE OF THE MOST IMPORTANT PRIVATE COLLECTIONS OF CONTEMPORARY ART IN THE WORLD. AT THE ASIAN ART MUSEUM, ARTWORKS WERE INSTALLED IN THE TEMPORARY EXHIBITION GALLERIES ON THE FIRST FLOOR, IN THE NORTH AND SOUTH COURTS, AND IN THE CHINESE GALLERIES ON THE 2ND AND 3RD FLOORS. EXHIBITION HIGHLIGHTS INCLUDED ZHU JINSHI'S BOAT, 2012 - A STUNNING INSTALLATION MADE OF PAPER, BAMBOO, AND THREAD, 15 METERS IN LENGTH - AI WEIWEI'S TON OF TEA, 2005, XU ZHEN'S EMBROIDED CANVAS. HE XIANGYU'S INSTALLATION COLA PROJECT, 2010 AND SCREENING ROOM FEATURING A WIDE RANGE OF NEW VIDEO WORKS.
(Code:   ) (Expenses $ 776,979 including grants of $   ) (Revenue $ 1,949,627 )
SEDUCTION: JAPAN'S FLOATING WORLD, THE JOHN C. WEBBER COLLECTION, FEBRUARY 20 - MAY 10, 2015 TOTAL ATTENDANCE (COMBINED WITH THE PRINTER'S EYE): 61,822THE "FLOATING WORLD" IS A PHRASE THAT REFERRED TO BOTH THE PLEASURE QUARTERS IN MAJOR CITIES DURING JAPAN'S EDO PERIOD (1615-1868) AS WELL AS A PLEASURE-SEEKING WAY OF LIFE. SEDUCTION FOCUSED ON THE PLEASURE QUARTERS OF THE FLOATING WORLD, SPECIFICALLY THE YOSHIWARA, VIA 61 WOODBLOCK PRINTS, PAINTINGS, ROBES, SCROLLS, CERAMICS AND OTHER MEDIA. IT WASN'T JUST ABOUT THE ELEMENTS OF THE FLOATING WORLD - THE COLORFUL PLAYERS, THE CODED ETIQUETTE, THE SENSORY PLEASURES. IN AN ALMOST META FASHION, SEDUCTION WAS ALSO ABOUT THE POWER OF THE CONSTRUCTED IMAGE TO LURE VIEWERS INTO THIS FANTASTICAL, INTRIGUING PLACE, EITHER IN REALITY (AS PATRONS) OR IN FANTASY. HOW DID ARTISTS DRAW PEOPLE INTO THIS WORLD? HOW DID THEY COMPEL PEOPLE TO PARTICIPATE?THE PRINTER'S EYE: UKIYO-E FROM THE GRABHORN COLLECTION FEBRUARY 20 - MAY 10, 2015 TOTAL ATTENDANCE (COMBINED WITH SEDUCTION): 61,822THE PRINTER'S EYE PRESENTED UKIYO-E, JAPANESE WOODBLOCK PRINTS FROM THE MUSEUM COLLECTION THAT CELEBRATED AND DEPICTED THE FLOATING WORLD. 88 RARE AND EXCELLENT WORKS NEVER BEFORE SHOWN IN THE US WILL REVEAL JAPANESE PRINT MAKING'S TECHNICAL REFINEMENT, BEAUTY, AND INNOVATION. IT EXAMINED THE SOCIO, POLITICAL, HISTORICAL DRIVING FACTORS, BUT THERE WAS ALSO THE STORY OF COMMUNICATION AND HOW POPULAR CULTURE CIRCULATED THROUGH THE MEDIUM OF PRINTS IN EDO PERIOD JAPAN.ROADS OF ARABIA: ARCHAEOLOGY AND HISTORY OF THE KINGDOM OF SAUDI ARABIA, OCTOBER 24, 2014 - JANUARY 18, 2015 TOTAL ATTENDANCE: 55,901 OVER THE PAST 40 YEARS, ARCHAEOLOGISTS WORKING IN SAUDI ARABIA HAVE UNEARTHED AN ASTONISHING LEVEL OF ARTIFACTS FROM THE PENINSULA'S ANCIENT PAST, RADICALLY TRANSFORMING OUR UNDERSTANDING OF THE REGION. ROADS OF ARABIA FEATURED MORE THAN 200 OBJECTS, RANGINF FROM EXCAVATED STONE TOOLS-SOME DATING BACK MORE THAN A MILLION YEARS - TO A 17TH-CENTURY SET OF GILDED DOORS THAT ONCE GRACED THE ENTRANCE TO THE KA'BA, ISLAM'S HOLIEST SANCTUARY. BEGINNING WITH SOME OF THE EARLIEST EVIDENCE OF HUMANKIND, ROADS OF ARABIA WENT ON TO EXPLORE THE HISTORICAL AND CULTURAL DEVELOPMENT OF ARABIA. TRACING ANCIENT INCENSE TRADE ROUTES AND EARLY-ISLAMIC PILGRIMAGE ROADS THAT ONCE SPANNED THE PENINSULA-CONNECTING ARABIA TO IRAQ, SYRIA, EGYPT, THE MEDITERRANEAN, AND BEYOND - THE EXHIBITION OFFERED FIRSTHAND INSIGHT INTO THE REMARKABLE CULTURAL INTERACTIONS THAT OCCURRED BETWEEN ARABIA AND ITS DIVERSE NEIGHBORS. ROADS OF ARABIA FEATURES EYE-OPENING DISCOVERIES LIKE THE AL-HAMRA CUBE - AN OBJECT THAT CONFIRMS THE INTEGRATION OF EGYPTIAN AND MESOPOTAMIAN MOTIFS INTO EARLY LOCAL RELIGIOUS PRACTICE - AS WELL AS EVERYDAY OBJECTS THAT PRESENTED AN ASTONISHING MIX OF LANGUAGES AND ARTISTIC STYLES. AS ARCHAEOLOGISTS CONTINUE TO UNEARTH IMPORTANT ANCIENT FINDS BENEATH THE SHIFTING SANDS OF THE DESERT, ROADS OF ARABIA OFFERED A RARE FIRST GLIMPSE INTO THE ARABIAN PENINSULA'S FASCINATING PAST.GORGEOUS, JUNE 20 - SEPTEMBER 14, 2014 TOTAL ATTENDANCE: 54,312 GORGEOUS PRESENTED 72 UNIQUELY STUNNING ARTWORKS DRAWN FROM THE COLLECTIONS OF THE ASIAN ART MUSEUM AND THE SAN FRANCISCO MUSEUM OF MODERN ART. SPANNING OVER 2,200 YEARS AND DOZENS OF CULTURES, THESE ARTWORKS WERE ORGANIZED IN AN ATTEMPT TO SHIFT THE FOCUS FROM HISTORICAL AND CULTURAL CONTEXTS, EMPHASIZING INSTEAD THE UNIQUE WAYS EACH WORK ANNOUNCES ITSELF OR SOLICITS A VIEWER'S ATTENTION. WE BLENDED PAINTINGS, SCULPTURES, OBJECTS OF HIGH DESIGN OR DECORATION AND PHOTOGRAPHS. ARTISTS LIKE MARCEL DUCHAMP AND MARILYN MINTER MINGLE WITH WORKS THAT SPAN THE EXTENT OF ASIA, INCLUDING A 1,000 YEAR-OLD INDIAN SCULPTURE OF THE HINDU DEITY DURGA OVER A BUFFALO DEMON. ACROSS FROM A PICASSO, YOU MIGHT SPOT A DECORATED QUR'AN FROM 16TH-CENTURY PERSIA OR AN ARRESTING PHOTOGRAPH BY SALLY MANN.
4d Other program services (Describe in Schedule O.)
(Expenses $ 776,979 including grants of $   ) (Revenue $ 1,949,627 )
4e Total program service expensesMediumBullet24,465,748
Form 990 (2014)
Page 3
Form 990 (2014)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule AClick to see attachment.....................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors (see instructions)? Click to see attachment...
2
Yes
 
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part I.............
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II..............
4
 
No
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If "Yes," complete Schedule C, Part III.................
5
 
No
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part IClick to see attachment..................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part IIClick to see attachment...
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes," complete Schedule D, Part III Click to see attachment.............
8
Yes
 
9
Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IVClick to see attachment..............
9
 
No
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments? If "Yes," complete Schedule D, Part VClick to see attachment......
10
Yes
 
11
If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable.
a
Did the organization report an amount for land, buildings, and equipment in Part X, line 10?
If "Yes," complete Schedule D, Part VI.Click to see attachment...................
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIClick to see attachment.......
11b
Yes
 
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIIClick to see attachment.......
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IXClick to see attachment............
11d
 
No
e
Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part XClick to see attachment
11e
 
No
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part XClick to see attachment
11f
Yes
 
12a
Did the organization obtain separate, independent audited financial statements for the tax year?
If "Yes," complete Schedule D, Parts XI and XII Click to see attachment.................
12a
 
No
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment
12b
Yes
 
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E
13
 
No
14a
Did the organization maintain an office, employees, or agents outside of the United States? .....
14a
 
No
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV.........Click to see attachment
14b
Yes
 
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IV.....Click to see attachment
15
 
No
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV...Click to see attachment
16
 
No
17
Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I (see instructions) ....Click to see attachment
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II............ Click to see attachment
18
Yes
 
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III...................Click to see attachment
19
 
No
20a
Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....
20a
 
No
b
If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?
20b
 
 
Form 990 (2014)
Page 4
Form 990 (2014)
Page 4
Part IV
Checklist of Required Schedules (continued)
21
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.....
21
 
No
22
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........
22
 
No
23
Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5 about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J....................... Click to see attachment
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25a...............Click to see attachment
24a
Yes
 
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
No
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds? ...............
24c
 
No
d
Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...
24d
 
No
25a
Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I............ Click to see attachment
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I ...................Click to see attachment
25b
 
No
26
Did the organization report any amount on Part X, line 5, 6, or 22 for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons? If "Yes," complete Schedule L, Part II ................Click to see attachment
26
 
No
27
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part III......... Click to see attachment
27
 
No
28
Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L,
Part IV
........................Click to see attachment
28a
 
No
b
A family member of a current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L, Part IV.....................Click to see attachment
28b
 
No
c
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner? If "Yes," complete Schedule L, Part IV... Click to see attachment
28c
Yes
 
29
Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M..Click to see attachment
29
Yes
 
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M .............Click to see attachment
30
 
No
31
Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N, Part I.
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II ...........
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I ........
33
 
No
34
Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1.........................
34
 
No
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
 
No
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2 ...
35b
 
 
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2.............
36
 
No
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VI
37
 
No
38
Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Form 990 (2014)
Page 5
Form 990 (2014)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V...........
Yes
No
1a
Enter the number reported in Box 3 of Form 1096 Enter -0- if not applicable ..
1a
118
b
Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable .
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................
2a
189
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file (see instructions)
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?...
3a
Yes
 
b
If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...
3b
Yes
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? ..
4a
 
No
b
If "Yes," enter the name of the foreign country: MediumBullet
See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? ..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions? ...
6a
 
No
b
If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? ......................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor? ....................
7a
Yes
 
b
If "Yes," did the organization notify the donor of the value of the goods or services provided? .....
7b
Yes
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? .........................
7c
 
No
d
If "Yes," indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required? ......................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? ..........................
7h
 
 
8
Sponsoring organizations maintaining donor advised funds.
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? .........................
8
 
 
9a
Did the sponsoring organization make any taxable distributions under section 4966?...
9a
 
 
b
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?...
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If "Yes," enter the amount of tax-exempt interest received or accrued during the year.
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state?
Note.
See the instructions for additional information the organization must report on Schedule O.
13a
 
 
b
Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....
13b
 
c
Enter the amount of reserves on hand ............
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
No
b
If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..
14b
 
 
Form 990 (2014)
Page 6
Form 990 (2014)
Page 6
Part VI
Governance, Management, and Disclosure For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response or note to any line in this Part VI ..............
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year
1a
50
If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
b
Enter the number of voting members included in line 1a, above, who are independent
1b
50
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
 
No
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? ...........................
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
 
No
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................
7a
 
No
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................
7b
 
No
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .....................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If "Yes," provide the names and addresses in Schedule O.......
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?
10b
 
 
11a
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................
11a
 
No
b
Describe in Schedule O the process, if any, used by the organization to review this Form 990. .....
12a
Did the organization have a written conflict of interest policy? If "No," go to line 13.......
12a
Yes
 
b
Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe in Schedule O how this was done...................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line 15a or 15b, describe the process in Schedule O (see instructions).
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
 
No
b
If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
 
 
Section C. Disclosure
17
List the States with which a copy of this Form 990 is required to be filedMediumBullet
CA
18
Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, address, and telephone number of the person who possesses the organization's books and records:
MediumBulletJOANNE T CHOU200 LARKIN STREET   SAN FRANCISCO,CA941024734 (415) 581-3500
Form 990 (2014)
Page 7
Form 990 (2014)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response or note to any line in this Part VII ..............
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.
Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.
(A)
Name and Title
(B)
Average hours per week (list any hours for related organizations below dotted line)
(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee)
(D)
Reportable compensation from the organization (W- 2/1099-MISC)
(E)
Reportable compensation from related organizations (W- 2/1099-MISC)
(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(1) AKIKO YAMAZAKI......................................................................
CHAIR (FROM 09/23/14)
1.00
.................
 
X   X       0 0 0
(2) ANTHONY SUN......................................................................
TREASURER (FROM 09/23/14)
1.00
.................
 
X   X       0 0 0
(3) FRED M LEVIN......................................................................
VICE PRESIDENT (FROM 09/23/14)
1.00
.................
 
X   X       0 0 0
(4) GORRETTI LO LUI......................................................................
SECRETARY (FROM 09/23/14)
1.00
.................
 
X   X       0 0 0
(5) LUCY SUN......................................................................
VICE PRESIDENT (FROM 9/23/14)
1.00
.................
 
X   X       0 0 0
(6) ROBERT L DUFFY......................................................................
VICE PRESIDENT
1.00
.................
 
X   X       0 0 0
(7) STEPHEN KAHNG......................................................................
SECRETARY (TO 9/23/14)
1.00
.................
 
X   X       0 0 0
(8) ALEXANDRA LENEHAN......................................................................
TRUSTEE
1.00
.................
 
X           0 0 0
(9) ALICE TRINKL EX OFFICIO......................................................................
TRUSTEE
1.00
.................
 
X           0 0 0
(10) ANN TANENBAUM......................................................................
TRUSTEE
1.00
.................
 
X           0 0 0
(11) BARRY LAM......................................................................
TRUSTEE
1.00
.................
 
X           0 0 0
(12) BETTY N ALBERTS......................................................................
TRUSTEE
1.00
.................
 
X           0 0 0
(13) BILL WILLARD C CLARK......................................................................
TRUSTEE (FROM 09/24/14 TO 01/21/15)
1.00
.................
 
X           0 0 0
(14) BOB TSAO......................................................................
TRUSTEE
1.00
.................
 
X           0 0 0
(15) C N KEATING......................................................................
TRUSTEE
1.00
.................
 
X           0 0 0
(16) CARL F PASCARELLA......................................................................
TRUSTEE
1.00
.................
 
X           0 0 0
(17) CHONG-MOON LEE......................................................................
TRUSTEE
1.00
.................
 
X           0 0 0
Form 990 (2014)
Page 8
Form 990 (2014)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and Title
(B)
Average hours per week (list any hours for related organizations below dotted line)
(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee)
(D)
Reportable compensation from the organization (W- 2/1099-MISC)
(E)
Reportable compensation from related organizations (W- 2/1099-MISC)
(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(18) CONSTANCE C MILLER........................................................................
TRUSTEE
1.00
.......................  
X           0 0 0
(19) DAVID CHUN-YEE PONG........................................................................
TRUSTEE
1.00
.......................  
X           0 0 0
(20) DIXON R DOLL........................................................................
TRUSTEE
1.00
.......................  
X           0 0 0
(21) ELIZA CASH........................................................................
TRUSTEE
1.00
.......................  
X           0 0 0
(22) ELLEN BURSTEIN BAUCH........................................................................
TRUSTEE
1.00
.......................  
X           0 0 0
(23) FRED EYCHANER........................................................................
TRUSTEE
1.00
.......................  
X           0 0 0
(24) HIROMITSU OGAWA........................................................................
TRUSTEE
1.00
.......................  
X           0 0 0
(25) INA GOODWIN TATEUCHI........................................................................
TRUSTEE
1.00
.......................  
X           0 0 0
(26) JAMIE CHEN........................................................................
TRUSTEE
1.00
.......................  
X           0 0 0
(27) JUDITH F WILBUR........................................................................
TRUSTEE
1.00
.......................  
X           0 0 0
(28) KEN WILCOX........................................................................
TRUSTEE
1.00
.......................  
X           0 0 0
(29) KEVIN J MARTIN........................................................................
TRUSTEE
1.00
.......................  
X           0 0 0
(30) KOMAL SHAH........................................................................
TRUSTEE (TO 01/21/15)
1.00
.......................  
X           0 0 0
(31) KUMAR MALAVALLI........................................................................
TRUSTEE
1.00
.......................  
X           0 0 0
(32) LESLIE TANG SCHILLING........................................................................
TRUSTEE
1.00
.......................  
X           0 0 0
(33) LINDA LEI EX OFFICIO........................................................................
TRUSTEE
1.00
.......................  
X           0 0 0
(34) LLOYD E COTSEN........................................................................
TRUSTEE
1.00
.......................  
X           0 0 0
(35) MAGGIE Y MUI........................................................................
TRUSTEE (TO 01/21/15)
1.00
.......................  
X           0 0 0
(36) MASASHI OKA........................................................................
TRUSTEE
1.00
.......................  
X           0 0 0
(37) MERRILL RANDOL SHERWIN........................................................................
TRUSTEE
1.00
.......................  
X           0 0 0
(38) MIMI GARDNER GATES........................................................................
TRUSTEE
1.00
.......................  
X           0 0 0
(39) MING LEE........................................................................
TRUSTEE
1.00
.......................  
X           0 0 0
(40) NICHOLAS UNKOVIC........................................................................
TRUSTEE
1.00
.......................  
X           0 0 0
(41) PEHONG CHEN........................................................................
TRUSTEE (FROM 01/21/15)
1.00
.......................  
X           0 0 0
(42) RICHARD BELESON........................................................................
TRUSTEE
1.00
.......................  
X           0 0 0
(43) RICHARD C BLUM........................................................................
TRUSTEE
1.00
.......................  
X           0 0 0
(44) ROBERT Y C HO........................................................................
TRUSTEE
1.00
.......................  
X           0 0 0
(45) RONALD HOGE........................................................................
TRUSTEE
1.00
.......................  
X           0 0 0
(46) S TIMOTHY KOCHIS........................................................................
TRUSTEE
1.00
.......................  
X           0 0 0
(47) SARAH P HAMBRECHT........................................................................
TRUSTEE
1.00
.......................  
X           0 0 0
(48) SUNG-JIN INGRISELLI........................................................................
TRUSTEE
1.00
.......................  
X           0 0 0
(49) SUNO KAY OSTERWEIS........................................................................
TRUSTEE
1.00
.......................  
X           0 0 0
(50) TIMOTHY F KAHN........................................................................
PRESIDENT (FROM 9/23/14)
1.00
.......................  
X           0 0 0
(51) WILLIAM K BOWES JR........................................................................
TRUSTEE
1.00
.......................  
X           0 0 0
(52) NAN TUCKER MCEVOY........................................................................
HONORARY TRUSTEE
1.00
.......................  
X           0 0 0
(53) CORI BATES........................................................................
TRUSTEE (FROM 01/21/15)
1.00
.......................  
X           0 0 0
(54) JOANNE T CHOU........................................................................
CHIEF FINANCIAL OFFICER
40.00
.......................  
    X       122,503 0 4,550
(55) JAY XU........................................................................
DIRECTOR OF MUSEUM
40.00
.......................  
      X     398,839 0 70,956
(56) PEDRO DINIX DE MOURA CARVALIHO........................................................................
DEPUTY DIRECTOR OF ART & PROGRAMS
40.00
.......................  
      X     210,157 0 16,378
(57) NANCY M BRENNAN........................................................................
CHIEF PHILANTHROPY OFFICER
40.00
.......................  
      X     201,430 0 19,149
(58) DORI S BAILEY........................................................................
CHIEF ENGAGEMENT OFFICER
40.00
.......................  
      X     168,686 0 18,503
(59) VALERIE PECHENIK........................................................................
DIRECTOR OF HUMAN RESOURCES
40.00
.......................  
      X     152,014 0 9,612
(60) FORREST MCGILL........................................................................
SENIOR CURATOR
40.00
.......................  
        X   110,616 0 46,838
(61) WILLIAM J TOFT........................................................................
DIRECTOR OF IT
40.00
.......................  
        X   131,796 0 14,616
(62) KIMBERLEY BUSH TOMIO........................................................................
DIRECTOR OF MUSEUM SERVICES
40.00
.......................  
        X   124,901 0 19,125
(63) TIMOTHY HALLMAN........................................................................
DIRECTOR OF PR & MARKETING
40.00
.......................  
        X   124,900 0 7,124
(64) DEBORAH CLEARWATERS........................................................................
DIRECTOR OF EDUCATION
40.00
.......................  
        X   121,262 0 14,375
1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)...........MediumBullet 1,867,104 0 241,226
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization MediumBullet18
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual ..............
3
 
No
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such
individual
...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If "Yes," complete Schedule J for such person ........
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address
(B)
Description of services
(C)
Compensation
EVENTS MANAGEMENT INC

350 FLORIDA STREET
SAN FRANCISCO,CA94110
CATERING SERVICES 454,873
CMSC

3254 19TH STREET
SAN FRANCISCO,CA94110
CUSTODIAL SERVICES 334,268
BURKE CONSTRUCTION

1455 E FRANCISCO BLVD SUITE F
SAN RAFAEL,CA94901
CONSTRUCTION SERVICES 187,260
DELOITTE & TOUCHE

PO BOX 7247-6446
PHILADELPHIA,PA19170
AUDITING SERVICES 170,225
FONG BROTHERS PRINTING INC

320 VALLEY DRIVE
BRISBANE,CA94005
PRINTING SERVICES 125,323
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet8
Form 990 (2014)
Page 9
Form 990 (2014)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII .............
(A)
Total revenue
(B)
Related or
exempt
function
revenue
(C)
Unrelated
business
revenue
(D)
Revenue
excluded from
tax under sections
512-514
Contributions, Gifts, GrantAmt and OtherAmt Similar Amounts 1a Federated campaigns..1a  
b Membership dues..1b 1,208,630
c Fundraising events..1c  
d Related organizations1d  
e Government grants (contributions)1e 8,359,335
f All other contributions, gifts, grants, and similar amounts not included above1f 26,593,677
g Noncash contributions included in lines 1a-1f:$ 6,176,358
h Total.Add lines 1a-1f.......MediumBullet 36,161,642
 Program Service RevenueAmt Business Code
2a ADMISSION REVENUE 713990 1,138,629 1,138,629    
b OTHER REVENUE 722210 244,546 244,546    
c PUBLICATION REVENUE 713990 45,567 45,567    
d
e
f All other program service revenue.        
g Total.Add lines 2a–2f.....MediumBullet 1,428,742
 OtherAmt RevenueAmt 3 Investment income (including dividends, interest, and othersimilar amounts) ........MediumBullet 3,131,920   21,098 3,110,822
4 Income from investment of tax-exempt bond proceedsMediumBullet        
5 Royalties...........MediumBullet        
(ii) Personal (i) Real
6a Gross rents   632,809
b Less: rental expenses   114,580
c Rental income or (loss)   518,229
d Net rental income or (loss)......MediumBullet 518,229     518,229
(ii) Other (i) Securities
7a Gross amount from sales of assets other than inventory   39,917,000
b Less: cost or other basis and sales expenses   34,511,864
c Gain or (loss)   5,405,136
d Net gain or (loss).....MediumBullet 5,405,136     5,405,136
8a Gross income from fundraising events (not including $   of contributions reported on line 1c). See Part IV, line 18 ....
a 868,505
b Less: direct expenses ...b 469,447
c Net income or (loss) from fundraising events..MediumBullet 399,058   399,058
9a Gross income from gaming activities.
See Part IV, line 19 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from gaming activities..MediumBullet        
10a Gross sales of inventory, less
returns and allowances ..
a 1,183,493
b Less: cost of goods sold ..b 573,064
c Net income or (loss) from sales of inventory..MediumBullet 610,429 611,454 -1,025  
Business Code Miscellaneous Revenue
11a COMMISSION FROM CAFE 722210 112,167 112,167    
b            
c            
d All other revenue ....        
e Total. Add lines 11a–11d ...... MediumBullet 112,167
12 Total revenue. See Instructions......MediumBullet 47,767,323 2,152,363 20,073 9,433,245
Form 990 (2014)
Page 10
Form 990 (2014)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response or note to any line in this Part IX ..............
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII.
(A)
Total expenses
(B)
Program service expenses
(C)
Management and general expenses
(D)
Fundraising expenses
1 Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21    
2 Grants and other assistance to individuals in the United States. See Part IV, line 22    
3 Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16    
4 Benefits paid to or for members    
5 Compensation of current officers, directors, trustees, and key employees .... 1,426,386 747,708 619,387 59,291
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....        
7 Other salaries and wages 10,846,516 8,037,464 1,738,169 1,070,883
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 1,080,097 800,238 167,699 112,160
9 Other employee benefits ....... 1,774,146 1,318,687 278,615 176,844
10 Payroll taxes ........... 937,383 696,076 149,314 91,993
11 Fees for services (non-employees):        
a Management ......        
b Legal .........        
c Accounting ........... 212,594   212,594  
d Lobbying ...........        
e Professional fundraising services. See Part IV, line 17    
f Investment management fees ...... 251,800 203,958 27,698 20,144
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) 1,822,527 1,128,349 290,200 403,978
12 Advertising and promotion .... 794,463 770,260 12,303 11,900
13 Office expenses ....... 438,170 241,965 171,667 24,538
14 Information technology ...... 271,544 75,683 193,823 2,038
15 Royalties ..        
16 Occupancy ........... 2,068,993 1,675,883 284,637 108,473
17 Travel ............ 381,011 282,569 64,278 34,164
18 Payments of travel or entertainment expenses for any federal, state, or local public officials .        
19 Conferences, conventions, and meetings .... 206,929 29,042 7,342 170,545
20 Interest ........... 4,338,422 3,514,127 477,224 347,071
21 Payments to affiliates .......        
22 Depreciation, depletion, and amortization .. 3,654,414 2,904,480 460,487 289,447
23 Insurance ... 654,106 521,272 132,834  
24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a ACQUISITION 561,328 561,328    
b PRINTING / PUBLICATION 428,758 398,488 6,019 24,251
c PARTICIPATION FEE 324,019 324,019    
d SUPPLIES 262,050 234,152 17,863 10,035
e All other expenses        
25 Total functional expenses. Add lines 1 through 24e 32,735,656 24,465,748 5,312,153 2,957,755
26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here MediumBullet if following SOP 98-2 (ASC 958-720).        
Form 990 (2014)
Page 11
Form 990 (2014)
Page 11
Part X
Balance Sheet
Check if Schedule O contains a response or note to any line in this Part IX ..............
(A)
Beginning of year
(B)
End of year
Assets 1 Cash–non-interest-bearing ........ 12,415 1 14,955
2 Savings and temporary cash investments ......... 8,615,628 2 16,810,999
3 Pledges and grants receivable, net ...... 11,304,800 3 16,471,526
4 Accounts receivable, net ............. 988,943 4 1,046,047
5 Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L
  5  
6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
  6  
7 Notes and loans receivable, net ....   7  
8 Inventories for sale or use ........ 406,336 8 372,079
9 Prepaid expenses and deferred charges ...... 447,533 9 440,183
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 144,053,410
b Less: accumulated depreciation 10b 51,556,795 95,746,423 10c 92,496,615
11 Investments—publicly traded securities .   11  
12 Investments—other securities. See Part IV, line 11 ..... 111,618,234 12 109,060,690
13 Investments—program-related. See Part IV, line 11 ..   13  
14 Intangible assets ...............   14  
15 Other assets. See Part IV, line 11 ...........   15  
16 Total assets. Add lines 1 through 15 (must equal line 34)... 229,140,312 16 236,713,094
Liabilities 17 Accounts payable and accrued expenses ..... 2,517,957 17 3,123,611
18 Grants payable ...   18  
19 Deferred revenue ......... 841,112 19 927,045
20 Tax-exempt bond liabilities .........   20  
21 Escrow or custodial account liability. Complete Part IV of Schedule D   21  
22 Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L..   22  
23 Secured mortgages and notes payable to unrelated third parties .. 93,815,000 23 92,010,000
24 Unsecured notes and loans payable to unrelated third parties ..   24  
25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D   25  
26 Total liabilities. Add lines 17 through 25.. 97,174,069 26 96,060,656
Net Assets or Fund Balance Organizations that follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets 85,980,172 27 77,108,175
28 Temporarily restricted net assets ........... 17,305,949 28 30,179,845
29 Permanently restricted net assets 28,680,122 29 33,364,418
Organizations that do not follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 30 through 34.
30 Capital stock or trust principal, or current funds .....   30  
31 Paid-in or capital surplus, or land, building or equipment fund ...   31  
32 Retained earnings, endowment, accumulated income, or other funds   32  
33 Total net assets or fund balances ........... 131,966,243 33 140,652,438
34 Total liabilities and net assets/fund balances ........ 229,140,312 34 236,713,094
Form 990 (2014)
Page 12
Form 990 (2014)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response or note to any line in this Part XI ..............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
47,767,323
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
32,735,656
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
15,031,667
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..
4
131,966,243
5
Net unrealized gains (losses) on investments ...............
5
-6,345,472
6
Donated services and use of facilities .................
6
 
7
Investment expenses .....................
7
 
8
Prior period adjustments .....................
8
 
9
Other changes in net assets or fund balances (explain in Schedule O) ........
9
0
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 33, column (B))
10
140,652,438
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response or note to any line in this Part XII .............
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?
2a
 
No
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:
b
Were the organization’s financial statements audited by an independent accountant?
2b
Yes
 
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:
c
If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
2c
Yes
 
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133?
3a
 
No
b
If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits.
3b
 
 
Form 990 (2014)
Page 13
Form 990 (2014)
Page 13
Additional Data


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Form 990, Special Condition Description:
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