2024-11-05T12:32:26-06:00 2023-12-31 330700332 VASQUEZ COMPANY LLP 655 N CENTRAL AVE STE 1550 GLENDALE CA 91203 990 2023-01-01 951051084 THE RYMAN-CARROLL FOUNDATION RYMA 2136292787 1933 S BROADWAY 11TH FLOOR 1138 LOS ANGELES CA 90007 AUDREY SALZBURG EXECUTIVE DIRECTOR 2136292787 2024-11-01 1 0 REGINA L PRINCE CPA P00576936 2138731700 2023 2024-10-15 13:58:12Z RYMAN ARTS AUDREY SALZBURG 1933 S BROADWAY 11TH FLOOR 1138 LOS ANGELES CA 90007 1166960 0 X WWW.RYMANARTS.ORG X 1990 CA RYMAN ARTS TRANSFROMS LIVES BY CREATING ACCESS AND OPPORTUNITY FOR A DIVERSE COMMUNITY OF YOUNG ARTISTS THROUGH RIGOROUS EDUCATION IN FUNDAMENTAL ART SKILLS AND MENTORING. 11 11 29 11 -36 0 1838005 829029 0 0 63350 97231 -15229 -4248 1886126 922012 0 0 0 0 827560 898614 0 0 200802 318137 379025 1145697 1277639 740429 -355627 4481946 4487840 199395 150429 4282551 4337411 X RYMAN ARTS TRANSFORMS LIVES BY CREATING ACCESS AND OPPORTUNITY FOR A DIVERSE COMMUNITY OF YOUNG ARTISTS THROUGH RIGOROUS EDUCATION IN FUNDAMENTAL ART SKILLS AND MENTORING. 0 0 893666 2023 PROGRAM HIGHLIGHTSRYMAN ARTS EXPANDED ITS COMPREHENSIVE SERVICES AND SPECIAL OPPORTUNITIES TO HELP STUDENTS TRANSITION TO COLLEGE AND BEYOND. NEARLY 800 STUDENTS, ALUMNI, AND THEIR FAMILIES PARTICIPATED IN THE FALL 2023 COLLEGE PREPARATION WEEKEND, A VIRTUAL TWO-DAY EVENT OF 34 SESSIONS, WHERE STAFF FROM COLLEGES AND ARTS SCHOOLS FROM ACROSS THE COUNTRY MET WITH RYMAN ARTS STUDENTS, REVIEWED PORTFOLIOS, AND HOSTED FINANCIAL AID AND OTHER WORKSHOPS FOR STUDENTS AND PARENTS. ADDITIONALLY, OVER THE COURSE OF THE TWO SEMESTERS, STUDENTS HAD THE OPPORTUNITY TO LEARN FROM VISITING GUEST ARTISTS, RANGING FROM PROMINENT MID-CAREER ARTISTS TO PROFESSIONALS IN A VARIETY OF CREATIVE FIELDS.RYMAN ARTS DEEPENED ITS ALUMNI RELATIONSHIPS THROUGH WORKING WITH RYMAN ARTS ALUMNI WHO ARE IN THE CREATIVE WORKFORCE, ADDING A NEW LAYER TO OUR CAREER SERVICES AS OUR ALUMNI SERVE AS ROLE MODELS AND SHARE THEIR CAREERS IN THE ARTS WITH THE NEXT GENERATION. DURING THE SPRING 2023 CREATIVE CAREERS PROGRAM, RYMAN ARTS HAD 14 VIRTUAL AND IN-PERSON EVENTS OVER THE COURSE OF A MONTH. THE SESSION TOPICS RANGED FROM BALANCING A FREELANCE CAREER, TO THEME PARK DESIGN AND ENTERTAINMENT LICENSING. THE TOTAL ATTENDANCE FOR ALL EVENTS WAS 528, INCLUDING STUDENTS, ALUMNI, FAMILIES AND COMMUNITY MEMBERS.DRAWING ON RYMAN ARTS STRONG RELATIONSHIPS WITH EDUCATORS, COMMUNITY LEADERS, AND HIGH SCHOOLS IN LOW-INCOME COMMUNITIES, RYMAN ARTS WAS ABLE TO PROVIDE APPLICATION GUIDANCE AND PROGRAM ACCESS TO MORE UNDERSERVED YOUTH AND NEW COMMUNITIES THROUGH OUR OUTREACH INITIATIVE. IN 2023, RYMAN ARTS CONTINUED TO PROVIDE IN-PERSON AND VIRTUAL OUTREACH PRESENTATIONS AND WORKSHOPS. THIS INCLUDED VIRTUAL INFORMATION SESSIONS, WHERE STUDENTS AND THEIR FAMILIES JOIN ONLINE TO LEARN ABOUT THE PROGRAM AND HOW TO APPLY IN ENGLISH AND SPANISH, AND INVOLVEMENT IN VARIOUS VIRTUAL COMMUNITY EVENTS. WE BEGAN A MULTI-YEAR AGREEMENT WITH THE SANTA ANA UNIFIED SCHOOL DISTRICT(SAUSD) TO PROVIDE FREE PRESENTATIONS, ON-SITE DRAWING WORKSHOP, TEACHER PROFESSIONAL DEVELOPMENT AND VISITS TO CAL STATE FULLERTON, WITH THE GOAL OF CREATING A PIPELINE OF STUDENTS FROM SAUSD SCHOOLS TO THE RYMAN ARTS PROGRAM. THE COMBINED OUTREACH PROGRAMMING IN 2023 REACHED A TOTAL OF 1340 PEOPLE.RYMAN ARTS' COLLEGE ACCEPTANCE RATE CONTINUED TO REMAIN EXTREMELY HIGH WITH 97% OF STUDENTS REPORTING ON THEIR POST-HIGH SCHOOL PLANS CONFIRMING THAT THEY WOULD BE ATTENDING COLLEGE, A REAL ACCOMPLISHMENT IN OUR COMMUNITIES. STUDENTS WERE ACCEPTED TO COLLEGES ACROSS THE NATION, INCLUDING THE FOLLOWING INSTITUTIONS: 10 UNIVERSITY OF CALIFORNIA CAMPUSES, 12 CALIFORNIA STATE UNIVERSITIES, ARTCENTER COLLEGE OF DESIGN, CALIFORNIA INSTITUTE OF THE ARTS, CARNEGIE MELLON UNIVERSITY, DARTMOUTH COLLEGE, OTIS COLLEGE OF ART & DESIGN, RHODE ISLAND SCHOOL OF DESIGN, SCHOOL OF THE ART INSTITUTE OF CHICAGO, YALE UNIVERSITY, AND MANY MORE. 893666 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 1 29 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 0 0 CA X AUDREY SALZBURG THE RYMAN-CARROLL FOUNDATION 2136292787 1933 S BROADWAY 11TH FLR STE 1138 LOS ANGELES CA 90007 FLORIDEL MARTINEZ ALUMNI REPRESENTATIVE 1.00 X 0 0 0 DAVID A PRICE PRESIDENT 1.00 X X 0 0 0 DON MORIN DIRECTOR 1.00 X 0 0 0 CHRISTIAN LACHEL DIRECTOR 1.00 X 0 0 0 FRI FORJINDAM VICE-PRESIDENT 1.00 X X 0 0 0 KAMILLE BRADLEY DIRECTOR (5/8/2023) 1.00 X 0 0 0 MICHELLE A LUND SECRETARY 1.00 X X 0 0 0 MONICA LEIGH RODRIGUEZ DIRECTOR 1.00 X 0 0 0 NANCY SERUTO DIRECTOR 1.00 X 0 0 0 PHIL HETTEMA PAST PRESIDENT 1.00 X 0 0 0 ROBERT M CORBIN TREASURER 1.00 X X 0 0 0 SCOT DRAKE DIRECTOR 1.00 X 0 0 0 DIANE BRIGHAM EXECUTIVE DIRECTOR 35.00 X 159256 0 29184 WALTER MARSH DIRECTOR OF FINANCE & OPERATIONS 35.00 X 86716 0 8950 245972 0 38134 1 0 1 0 0 110537 118190 600302 829029 79410 79410 219324 201503 17821 17821 17821 42255 110537 42255 0 260 1190 -930 -930 OTHER INCOME 900099 994 994 K-1S FROM PARTNERSHIPS 523000 -4312 -36 -4276 -3318 922012 0 -36 93019 X 284106 197000 34465 52641 498220 345734 59911 92575 22800 15731 2922 4147 35109 24223 4500 6386 58379 40278 7482 10619 3500 2927 240 333 27691 27691 18080 18080 71752 59616 5156 6980 204 81 13 110 97026 90636 4934 1456 52794 39596 6335 6863 61263 45947 7352 7964 7751 6510 698 543 6173 4630 741 802 15072 11304 1809 1959 MISCELLANEOUS 13719 5453 842 7424 AWARDS 4000 4000 1277639 893666 183171 200802 747238 687937 862283 621919 9361 1761 766 683 15476 16939 145998 136156 10991 9842 2688897 3056924 9140 8607 137794 83228 4481946 4487840 58797 63193 140598 87236 199395 150429 X 672543 562291 3610008 3775120 4282551 4337411 4481946 4487840 X -355627 406213 4274 X 0 1 X 1 0 X 1051964 1214541 1346664 1838005 829029 6280203 1051964 1214541 1346664 1838005 829029 6280203 2251491 4028712 146742 132284 219642 63192 79410 641270 0 54379 119789 39846 40133 43509 297656 7219129 0.55810 0.56470 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING INCOME/LOSS - 2019 AMOUNT: $ 52,342. 2020 AMOUNT: $ 115,258. 2021 AMOUNT: $ 34,305. 2022 AMOUNT: $ 31,508. 2023 AMOUNT: $ 42,255. MERCHANDISE SALES - 2019 AMOUNT: $ 267. 2021 AMOUNT: $ 3,416. 2022 AMOUNT: $ 5,402. 2023 AMOUNT: $ 260. MISCELLANEOUS INCOME - 2019 AMOUNT: $ 1,770. 2020 AMOUNT: $ 4,531. 2021 AMOUNT: $ 2,125. 2022 AMOUNT: $ 3,223. 2023 AMOUNT: $ 994. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X FOR SALE 1 2755008 10235 483733 118095 3130881 3362637 57476 -535376 129729 2755008 3049164 95780 323842 106149 3362637 2870592 110270 197007 128705 3049164 2700493 159328 370724 359953 2870592 0.00000 1.00000 0.00000 0 0 129850 120008 9842 16148 16148 0 9842 OPERATING LEASE LIABILITY 87236 87236 X 1357190 406213 42771 448984 908206 18080 -4274 13806 922012 1302330 42771 42771 1259559 18080 18080 1277639 PART III, LINE 1A: RYMAN-CARROLL FOUNDATION'S ART COLLECTION, WHICH WAS ACQUIRED THROUGH CONTRIBUTIONS SINCE THE ORGANIZATION'S INCEPTION, IS NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR AS TEMPORARILY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. CONTRIBUTED ITEMS ARE NOT REFLECTED ON THE FINANCIAL STATEMENTS. PROCEEDS FROM SALES OF ART COLLECTION, DE ACCESSIONS, OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. PART III, LINE 4: PROCEEDS FROM SALES OF ART COLLECTION HELP SUPPORT THE TALENTED AND PROMISING HIGH SCHOOL STUDENTS IN ACHIEVING HIGHER EDUCATION. IN DOING SO, RYMAN ARTS FURTHERS THE TALENT AND PROMISE OF AN UNDERSERVED POPULATION THAT WOULD OTHERWISE HAVE FEW OPPORTUNITIES AND PLENTY OF ROAD BLOCKS TO THRIVE ARTISTICALLY AND ACADEMICALLY AT A CRITICAL TIME IN THEIR LIVES. PART V, LINE 4: THE ENDOWMENT FUND WAS ESTABLISHED TO SUPPORT THE LONG TERM OPERATIONS OF THE ORGANIZATION. CONTRIBUTIONS WERE MADE AT INCEPTION AND CONTINUE TO BE MADE BY DONORS. THE ASSET ALLOCATION TARGETS FOR THIS ENDOWMENT ARE DEVELOPED TO FACILITATE THE ACHIEVEMENT OF THE ENDOWMENT'S LONGTERM INVESTMENT OBJECTIVES WITHIN THE ESTABLISHED RISK PARAMETERS. ENDOWMENT ASSETS SHALL BE INVESTED IN ACCORDANCE WITH THE TARGET PERCENTAGE AND ALLOWABLE RANGES FOR EACH ASSET CLASS AS SHOWN BELOW. IT IS RECOGNIZED THAT UNANTICIPATED, SHORTTERM MARKET SHIFTS OR CHANGES IN ECONOMIC CONDITIONS MAY CAUSE THE ASSET MIX TO VARY FROM THE POLICY TARGET. THE COMMITTEE WILL REVIEW THESE TARGETS AT LEAST ANNUALLY AND WHENEVER THE INVESTMENT HORIZON FOR ANY PORTION OF THE ENDOWMENT CHANGES. THERE WILL BE AN ORDERLY PROCESS TO REACH STRATEGIC TARGETS. AS OF DECEMBER 31, 2023 AND 2022, THE TARGET ALLOCATION POLICY OF THE RYMAN ARTS' ENDOWMENT IS AS FOLLOWS: US EQUITY 35%; NONUS EQUITY 15%; FIXED INCOME 30%; PRIVATE EQUITY 6%; HEDGE FUNDS 2%; REAL ESTATE (PUBLIC AND PRIVATE) 5%; COMMODITIES/NATURAL RESOURCES 5%; CASH 2%. PART X, LINE 2: RYMAN ARTS IS EXEMPT FROM TAXATION UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D AND IS GENERALLY NOT SUBJECT TO INCOME TAXES. ACCORDINGLY, A PROVISION FOR FEDERAL OR STATE INCOME TAXES IS NOT RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. RYMAN ARTS IS CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION PURSUANT TO SECTIONS 509(A)(1) AND 170(B)(1)(A)(VI) OF THE IRC. U.S. GAAP PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. RYMAN ARTS HAS EVALUATED ITS TAX POSITIONS AND THE CERTAINTY AS TO WHETHER THOSE POSITIONS WILL BE SUSTAINED IN THE EVENT OF AN AUDIT BY TAXING AUTHORITIES AT THE FEDERAL AND STATE LEVELS. THE PRIMARY TAX POSITIONS EVALUATED RELATE TO RYMAN ARTS' CONTINUED QUALIFICATION AS A TAX-EXEMPT ORGANIZATION AND WHETHER THERE ARE SUBSTANTIAL UNRELATED TRADE OR BUSINESS INCOME TAXES. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS, BASED ON THE TECHNICAL MERITS OF THE POSITION, WILL MORE LIKELY THAN NOT BE SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION. THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. RYMAN ARTS' INFORMATION RETURNS REMAIN SUBJECT TO EXAMINATION GENERALLY FOR THREE AND FOUR YEARS AFTER THEY ARE FILED FOR FEDERAL AND STATE, RESPECTIVELY. PART XI, LINE 4B - OTHER ADJUSTMENTS: K-1S FROM PARTNERSHIPS -4,274. YACHT PARTY 39970 31704 8266 4781 1500 1985 CLUB 33 112822 78833 33989 30000 3989 152792 110537 42255 30000 4781 1500 5974 42255 0 X X X X 0 0 0 0 0 0 0 0 0 DIANE BRIGHAM EXECUTIVE DIRECTOR 159256 0 0 0 0 0 15000 0 14184 0 188440 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE DIRECTOR OF FINANCE & OPERATIONS, THE EXECUTIVE DIRECTOR, AND THE BOARD TREASURER AND PRESENTED TO THE FULL BOARD FOR REVIEW AND ACCEPTANCE PRIOR TO BEING FINALIZED. AN IN DEPTH REVIEW IS PERFORMED BY THE DIRECTOR OF FINANCE & OPERATIONS, EXECUTIVE DIRECTOR, AND THE BOARD TREASURER IN DRAFT FORM. THE DRAFT IS THEN DISTRIBUTED TO ALL BOARD MEMBERS ELECTRONICALLY PRIOR TO BEING FILED SO THAT THE BOARD MEMBERS WILL HAVE THE OPPORTUNITY TO REVIEW IT AND ADDRESS ANY QUESTIONS TO THE EXECUTIVE DIRECTOR, TREASURER, AND CPA FIRM. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY WHICH APPLIES TO DIRECTORS, OFFICERS, AND EMPLOYEES, AND TO VOLUNTEERS WHO HAVE BUDGET RESPONSIBILITY. THE POLICY EXPLAINS AREAS IN WHICH CONFLICTS MAY ARISE WITH THIRD PARTIES; AND THE NATURE OF CONFLICTING INTERESTS, BOTH DIRECTLY OR INDIRECTLY WITH PERSONS OR ENTITIES. TRANSACTIONS WITH PARTIES WITH WHOM A CONFLICTING INTEREST EXISTS MAY BE PERMITTED ONLY IF ALL OF THE FOLLOWING REQUIREMENTS ARE MET: A)THE CONFLICTING INTEREST MUST BE FULLY DISCLOSED AS DESCRIBED BELOW; B)THE PERSON WITH THE CONFLICT OF INTEREST MUST BE EXCLUDED FROM DISCUSSION AND APPROVAL OF THE TRANSACTION; C)A COMPETITIVE BID OR COMPARABLE VALUATION JUST EXIST; AND D)THE BOARD OR A DULY CONSTITUTED COMMITTEE THEREOF MUST DETERMINE THAT THE TRANSACTION IS IN THE BEST INTERESTS OF RYMAN ARTS. DISCLOSURE IS MADE DIRECTLY OR INDIRECTLY TO THE PRESIDENT, WHO BRINGS THE MATTER TO THE ATTENTION OF THE BOARD OR A DULY CONSTITUTED COMMITTEE THEREOF. THE DECISION OF THE BOARD OR SUCH COMMITTEE THEREOF WILL BE IN ITS SOLE DISCRETION. EACH DIRECTOR, OFFICER, EMPLOYEE OR VOLUNTEER WITH BUDGET RESPONSIBILITY IS REQUIRED TO SUBMIT AN ANNUAL CONFLICT OF INTEREST DISCLOSURE FORM BY FEBRUARY 15TH OF EACH YEAR. THE BOARD OR ITS APPOINTED COMMITTEE REVIEWS THE FORMS AND ADDRESSES ANY POTENTIAL OR ACTUAL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A RYMAN ART'S BOARD OF DIRECTORS HAS A PROCESS FOR REVIEWING AND APPROVING THE COMPENSATION OF OFFICERS ON A REGULAR BASIS TO DETERMINE IT IS FAIR AND REASONABLE WITH THE GOAL OF RETAINING EMPLOYEES AT COMPENSATION LEVELS WITHIN APPROPRIATE MARKET RANGE. THE PROCESS FOR DETERMINING THE COMPENSATION PAID TO THE EXECUTIVE DIRECTOR INCLUDES THE APPROVAL OF THE COMPENSATION ARRANGEMENT IN ADVANCE, WITH ALL PERSONS WITH A CONFLICT OF INTEREST ABSTAINING FROM THE DELIBERATION AND DISCUSSION OF THE TRANSACTION. THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS DATA OF COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED NONPROFIT EXECUTIVES AT SIMILARLY SITUATED ENTITIES, INCLUDING AN ANALYSIS OF SOUTHERN CALIFORNIA NONPROFIT MANAGEMENT FIELD SURVEYS. ALSO, AN OUTSIDE COMPENSATION CONSULTANT IS UTILIZED. THE DOCUMENTATION IN THE MINUTES INCLUDES THE TERMS OF THE TRANSACTION AND THE DATE OF APPROVAL, THE MEMBERS WHO WERE PRESENT DURING THE DEBATE AND VOTE ON THE TRANSACTION, A DESCRIPTION OF THE COMPARABLE DATA AND HOW IT WAS OBTAINED, AND DOCUMENTATION OF THE BASIS FOR THE DETERMINATION. FORM 990, PART VI, SECTION C, LINE 19 CURRENT FEDERAL TAX LAW DOES NOT REQUIRE THAT THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS BE MADE AVAILABLE FOR PUBLIC INSPECTION. FORM 990, PART IX, LINE 11G PAYROLL SERVICES: PROGRAM SERVICE EXPENSES 3,457. MANAGEMENT AND GENERAL EXPENSES 553. FUNDRAISING EXPENSES 599. TOTAL EXPENSES 4,609. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 56,159. MANAGEMENT AND GENERAL EXPENSES 4,603. FUNDRAISING EXPENSES 6,381. TOTAL EXPENSES 67,143. FORM 990, PART XI, LINE 9: K-1S FROM PARTNERSHIPS 4,274.