Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
CHARLES & EMMA FRYE FREE PUBLIC
ART MUSEUM
Number and street (or P.O. box number if mail is not delivered to street address)704 TERRY AVENUE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SEATTLE, WA98104
A Employer identification number

91-0659435
B Telephone number (see instructions)

(206) 622-9250
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$142,456,908J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 344,912
2 Check right arrow.............
3 Interest on savings and temporary cash investments 1,980 1,980 1,980
4 Dividends and interest from securities... 260,160 260,160 260,160
5a Gross rents............ 6,286,999 6,232,999 6,286,999
b Net rental income or (loss) 2,817,905
6a Net gain or (loss) from sale of assets not on line 10 431,344
b Gross sales price for all assets on line 6a 6,670,754
7 Capital gain net income (from Part IV, line 2)... 362,254
8 Net short-term capital gain......... 93,742
9 Income modifications...........  
10a Gross sales less returns and allowances 239,821
b Less: Cost of goods sold.... 119,052
c Gross profit or (loss) (attach schedule)..... 120,769 120,769
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
133,981 214,461 396,040
12 Total. Add lines 1 through 11........ 7,580,145 7,071,854 7,159,690
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 566,214 56,621 56,621 509,593
14 Other employee salaries and wages...... 3,340,885 99,927 365,789 3,002,199
15 Pension plans, employee benefits....... 493,775 10,102 52,733 414,609
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
36,242 15,319 15,319 20,923
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
63,076 3,885 15,310 51,651
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
452,420 65,269 67,099 360,240
17 Interest............... 211,100 157,100 211,100 0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
328,098 15,959 18,064 340,241
19 Depreciation (attach schedule) and depletion... 1,455,700 870,850 895,135
20 Occupancy.............. 2,566,588 2,256,875 2,256,875 367,907
21 Travel, conferences, and meetings....... 120,044 59 59 100,596
22 Printing and publications.......... 155,454 170 766 82,355
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,638,527 125,814 128,411 1,522,147
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 11,428,123 3,677,950 4,083,281 6,772,461
25 Contributions, gifts, grants paid....... 1,500 1,500
26 Total expenses and disbursements. Add lines 24 and 25 11,429,623 3,677,950 4,083,281 6,773,961
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -3,849,478
b Net investment income (if negative, enter -0-) 3,393,904
c Adjusted net income (if negative, enter -0-)... 3,076,409
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 487,025 322,919 322,919
2 Savings and temporary cash investments......... 245,338 474,627 474,627
3 Accounts receivable right arrow852,166
Less: allowance for doubtful accounts right arrow   74,251 852,166 852,166
4 Pledges receivable right arrow71,500
Less: allowance for doubtful accounts right arrow   15,000 71,500 71,500
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use.............. 83,548 82,981 82,981
9 Prepaid expenses and deferred charges.......... 1,807,016 1,616,992 1,616,992
10a Investments—U.S. and state government obligations (attach schedule) 116,417 0 0
b Investments—corporate stock (attach schedule)....... 4,690,226 Click to see attachment
List of Attached Documents:
// Content
5,031,273 		5,031,273
c Investments—corporate bonds (attach schedule)....... 2,047,643 Click to see attachment
List of Attached Documents:
// Content
1,692,995 		1,692,995
11 Investments—land, buildings, and equipment: basis right arrow38,628,692
Less: accumulated depreciation (attach schedule) right arrow14,931,313 24,386,526 Click to see attachment
List of Attached Documents:
// Content
23,697,379 		104,713,900
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 15,235,600 Click to see attachment
List of Attached Documents:
// Content
14,994,649 		14,994,649
14 Land, buildings, and equipment: basis right arrow24,427,279
Less: accumulated depreciation (attach schedule) right arrow12,079,816 12,601,256 Click to see attachment
List of Attached Documents:
// Content
12,347,463 		12,347,463
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
83,424 		Click to see attachment
List of Attached Documents:
// Content
255,443 		Click to see attachment
List of Attached Documents:
// Content
255,443
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 61,873,270 61,440,387 142,456,908
Liabilities 17 Accounts payable and accrued expenses.......... 507,871 505,723
18 Grants payable.................    
19 Deferred revenue................. 150,234 121,604
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 2,550,000 5,300,000
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
460,829 		Click to see attachment
List of Attached Documents:
// Content
213,814
23 Total liabilities (add lines 17 through 22)......... 3,668,934 6,141,141
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 54,840,910 52,078,390
25 Net assets with donor restrictions............ 3,363,426 3,220,856
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 58,204,336 55,299,246
30 Total liabilities and net assets/fund balances (see instructions). 61,873,270 61,440,387
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
58,204,336
2
Enter amount from Part I, line 27a .....................
2
-3,849,478
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
944,388
4
Add lines 1, 2, and 3 ..........................
4
55,299,246
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
55,299,246
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES - LONG TERM P    
b PUBLICLY TRADED SECURITIES - SHORT TERM P    
c FROM SCHEDULE K-1 - LONG TERM P    
d FROM SCHEDULE K-1 - SHORT TERM P    
e FROM SCHEDULE K-1 - 1231 GAIN P    
FROM SCHEDULE K-1 - 1256 GAIN P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 4,055,365   3,747,899 307,466
b 2,615,389   2,491,511 123,878
c 63,806     63,806
d     30,136 -30,136
e 10,508     10,508
    113,268 -113,268
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       307,466
b       123,878
c       63,806
d       -30,136
e       10,508
      -113,268
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 362,254
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 93,742
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter: 1987-03-10(attach copy of letter if necessary–see instructions) 1 N/A
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3  
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 0
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 0
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changesClick to see attachment
List of Attached Documents:
// Content
....
3
Yes
 
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowWA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
Yes
 
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.FRYEMUSEUM.ORG
14
The books are in care ofright arrowLANIE BOLIEU Telephone no.right arrow (206) 622-9250

Located atright arrow704 TERRY AVENUESEATTLEWA ZIP+4right arrow98104
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
JENNIFER POTTER CO-PRESIDENT
5.00 		8,750 0 0
704 TERRY AVENUE
SEATTLE,WA98104
STUART WILLIAMS CO-PRESIDENT
5.00 		8,750 0 0
704 TERRY AVENUE
SEATTLE,WA98104
RHODA ALTOM VICE PRESIDENT
4.00 		7,000 0 0
704 TERRY AVENUE
SEATTLE,WA98104
MIKE DOHERTY VICE PRESIDENT
4.00 		7,000 0 0
704 TERRY AVENUE
SEATTLE,WA98104
JAMES MILES VICE PRESIDENT (THROUGH 9/2023)
4.00 		7,000 0 0
704 TERRY AVENUE
SEATTLE,WA98104
JAN HENDRICKSON TREASURER
4.00 		10,000 0 0
704 TERRY AVENUE
SEATTLE,WA98104
GAIL GORALSKI SECRETARY
4.00 		7,000 0 0
704 TERRY AVENUE
SEATTLE,WA98104
JAMILEE LACY DIRECTOR/CEO
35.00 		265,938 14,010 0
704 TERRY AVENUE
SEATTLE,WA98104
TOM MITCHELL CFO/COO
35.00 		197,453 33,313 0
704 TERRY AVENUE
SEATTLE,WA98104
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
AMANDA DONNAN CHIEF CURATOR
35.00 		146,061 16,362 0
704 TERRY AVENUE
SEATTLE,WA98104
BECKY KOWALS SENIOR DIRECTOR OF D
35.00 		149,912 11,546 0
704 TERRY AVENUE
SEATTLE,WA98104
DANA FORHAN SENIOR PROPERTY MANA
35.00 		121,783 11,050 0
704 TERRY AVENUE
SEATTLE,WA98104
ELAINE BOLIEU CONTROLLER
35.00 		111,190 9,187 0
704 TERRY AVENUE
SEATTLE,WA98104
ILAN LEVINE SECURITY MANAGER
35.00 		98,634 10,603 0
704 TERRY AVENUE
SEATTLE,WA98104
Total number of other employees paid over $50,000...................right arrow 30
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
SAN JOSE MUSEUM OF ART TRANSPORTATION FOR KELLY AKASHI EXHIBITION TOUR 75,000
110 S MARKET ST
SAN JOSE,MT95113
MARQUAND BOOKS INC EXHIBITIONS CATALOG DESIGN SERVICES 53,020
P O BOX 632
GRAYLAND,WA98547
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 THE MUSEUM OPERATES & ADMINISTERS A FREE PUBLIC ART MUSEUM. IN ADDITION TO THE DISPLAY OF THE ITEMS IN ITS PERMANENT COLLECTION, THE MUSEUM OFFERS MANY TEMPORARY EXHIBITS EACH YEAR THAT CONCENTRATE ON SPECIFIC ARTISTS OR THEMES. APPROXIMATELY 50,000 PEOPLE VIEW THESE EXHIBITIONS ANNUALLY SEE PART XV-B FOR MORE DETAILS.THE GIFT SHOP PROVIDES MERCHANDISE WHICH IS DIRECTLY RELATED TO THE EXHIBITIONS SHOWN AND THE CLASSES, LECTURES AND WORKSHOPS OFFERED THROUGHOUT THE YEAR TO ENHANCE VISITORS AND PARTICIPANTS' EXPERIENCES OF THE MUSEUM. 4,221,714
2 FREE & FEE-BASED CLASSES ARE PROVIDED TO ADULTS & CHILDREN ON TOPICS SUCH AS ART HISTORY, DRAWING AND SCULPTURE, AS WELL AS SUBJECTS SPECIFIC TO THE PERMANENT COLLECTION AND TEMPORARY EXHIBITIONS. THE MUSEUM PRESENTS LECTURES, WORKSHOPS AND GUIDED TOURS COVERING A VARIETY OF TOPICS.CLASSES AND LECTURES INCLUDE OUR "SMALL FRYE" SERIES FOR CHILDREN, MANY SCHOOL PROGRAMS INCLUDING THOSE ADMINISTERED THRU BAILEY GATZERT PUBLIC ELEMENTARY SCHOOL, AND PROGRAMS FOR SENIORS WITH COGNITIVE ISSUES, SUCH AS ALZHEIMER'S CAFE AND THE HERE:NOW SERIES. APPROXIMATELY 9,400 ADULTS AND CHILDREN PARTICIPATE IN THESE PROGRAMS ANNUALLY. SEE PART XV-B FOR MORE DETAILS. 1,202,956
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
7,047,585
b
Average of monthly cash balances.......................
1b
817,016
c
Fair market value of all other assets (see instructions)................
1c
122,307,789
d
Total (add lines 1a, b, and c).........................
1d
130,172,390
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
1,800,000
3
Subtract line 2 from line 1d.........................
3
128,372,390
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,925,586
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
126,446,804
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
6,322,340
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
 
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
 
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
 
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
 
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
 
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
 
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
6,773,961
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
330,448
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
7,104,409
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7  
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$  
a Applied to 2022, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount.....  
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2023.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		 
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
1979-04-11
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
3,076,409 2,388,678 5,176,055 3,644,412 14,285,554
b 85% (0.85) of line 2a ......... 2,614,948 2,030,376 4,399,647 3,097,750 12,142,721
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		7,104,409 6,361,340 5,774,399 4,814,153 24,054,301
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		1,500 2,500 0 1,700 5,700
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		7,102,909 6,358,840 5,774,399 4,812,453 24,048,601
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......         0
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		         0
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		4,214,893 4,246,837 3,813,773 3,611,595 15,887,098
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		        0
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		        0
(3) Largest amount of support
from an exempt organization		         0
(4) Gross investment income         0
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

ARTIST TRUST

1835 12TH AVENUE
SEATTLE,WA98122 		NONE PC SUPPORT WORKING ARTISTS OF ALL DISCIPLINES IN WA STATE 1,500
Total .................................right arrow 3a 1,500
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
aMEMBERSHIPS         85,848
bEDUCATION         42,631
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 1,980  
4 Dividends and interest from securities ....     14 260,160  
5 Net rental income or (loss) from real estate:
aDebt-financed property...... 531110 -24,285      
bNot debt-financed property.....     16 2,842,190  
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		900001 18,641 18 412,703  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory 459420 23,673 03 2,404 94,692
11 Other revenue:
aMISCELLANEOUS INCOME 		    16 5,502  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 18,029 3,524,939 223,171
13Total. Add line 12, columns (b), (d), and (e)..................
13
3,766,139
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
1A THE MUSEUM OPERATES & ADMINISTERS A FREE PUBLIC ART MUSEUM. IN ADDITION TO THE DISPLAY OF THE ITEMS IN ITS PERMANENT COLLECTION, THE MUSEUM OFFERS MANY TEMPORARY EXHIBITS EACH YEAR THAT CONCENTRATE ON SPECIFIC ARTISTS & OVER 40,000 PEOPLE VIEW THESE EXHIBITIONS ANNUALLY.
1B FREE AND FEE-BASED CLASSES ARE PROVIDED TO ADULTS AND CHILDREN ON TOPICS SUCH AS ART HISTORY, DRAWING, AND SCULPTURE, AS WELL AS SUBJECTS SPECIFIC TO THE PERMANENT COLLECTION AND TEMPORARY EXHIBITIONS. THE MUSEUM PRESENTS LECTURES, WORKSHOPS AND GUIDED TOURS COVERING A VARIETY OF TOPICS. CLASSES AND LECTURES INCLUDE OUR "SMALL FRYE" SERIES FOR CHILDREN, MANY SCHOOL PROGRAMS INCLUDING THOSE ADMINISTERED THRU BAILEY GATZERT PUBLIC ELEMENTARY SCHOOL, AND PROGRAMS FOR SENIORS WITH COGNITIVE ISSUES SUCH AS THE ALZHEIMER'S CAFE AND THE HERE: NOW SERIES. APPROXIMATELY 10,500 ADULTS AND CHILDREN PARTICIPATE IN THESE PROGRAMS ANNUALLY.
10 THE GIFT SHOP PROVIDES MERCHANDISE WHICH IS DIRECTLY RELATED TO THE EXHIBITIONS SHOWN AND THE CLASSES, LECTURES AND WORKSHOPS OFFERED THROUGHOUT THE YEAR TO ENHANCE VISITORS AND PARTICIPANTS' EXPERIENCES OF THE MUSEUM.
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
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 taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
CHARLES & EMMA FRYE FREE PUBLIC
ART MUSEUM
Employer identification number

91-0659435
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
CHARLES & EMMA FRYE FREE PUBLIC
ART MUSEUM 		Employer identification number
91-0659435
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
4CULTURE
 
101 PREFONTAINE PI S
 
SEATTLE, WA981042672

$ 13,679


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
ARTSFUND
 
100 W HARRISON ST STE S150
 
SEATTLE, WA981194268

$ 30,770


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
CITY OF SEATTLE OFFICE OF ARTS AND CULTURE
 
PO BOX 94748
 
SEATTLE, WA981244748

$ 6,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
4
CONRU FOUNDATION
 
2125 1ST AVE APT 2904
 
SEATTLE, WA98121

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
5
ESTATE OF WILLIS MARTINI KLEINENBROICH CO SHERRY
 
2523 1ST AVE W
 
SEATTLE, WA981192301

$ 31,179


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
6
FASSIO FAMILY FUND CO SEATTLE FOUNDATION
 
1601 5TH AVE STE 1900
 
SEATTLE, WA98101

$ 5,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Name of organization
CHARLES & EMMA FRYE FREE PUBLIC
ART MUSEUM 		Employer identification number
91-0659435
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
7
GAIL GORALSKI
 
1907 TAYLOR AVE N
 
SEATTLE, WA981092676

$ 15,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
8
JENNIFER T POTTER
 
1011 39TH AVE E
 
SEATTLE, WA981125027

$ 16,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
9
LARA SANDERSON
 
8100 EVERGREEN LN
 
ISLAND, WA980403937

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
10
PORTLAND INSTITUTE FOR CONTEMPORARY ART
 
15 NE HANCOCK ST
 
PORTLAND, OR97212

$ 7,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
11
RHODA L ALTOM
 
5405 LAKE WASHINGTON BLVD S
 
SEATTLE, WA981182529

$ 15,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
12
STEPHANIE DEVAAN
 
805 14TH AVE E
 
SEATTLE, WA981125027

$ 10,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Name of organization
CHARLES & EMMA FRYE FREE PUBLIC
ART MUSEUM 		Employer identification number
91-0659435
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
13
STUART V WILLIAMS
 
2819 60TH AVE SE
 
MERCER ISLAND, WA980402418

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
14
TERRA FOUNDATION FOR AMERICAN ART
 
120 E ERIE ST
 
CHICAGO, IL60611

$ 60,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
CHARLES & EMMA FRYE FREE PUBLIC
ART MUSEUM 		Employer identification number

91-0659435
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
CHARLES & EMMA FRYE FREE PUBLIC
ART MUSEUM 		Employer identification number

91-0659435
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
CHARLES & EMMA FRYE FREE PUBLIC
 
ART MUSEUM
EIN:
91-0659435
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 63,076 3,885 15,310 51,651

TY 2023 InvestmentsCorpBondsSchedule
Name:
CHARLES & EMMA FRYE FREE PUBLIC
 
ART MUSEUM
EIN:
91-0659435
Name of Bond End of Year Book Value End of Year Fair Market Value
BNY MELLON BOND FUND 739,200 739,200
BNY MELLON INTERMEDIATE BOND FUND 524,882 524,882
DOUBLELINE TOTAL RETURN BOND FUND-I 338,109 338,109
TCW EMERGING MARKETS INCOME FUND-I 90,804 90,804

TY 2023 InvestmentsCorpStockSchedule
Name:
CHARLES & EMMA FRYE FREE PUBLIC
 
ART MUSEUM
EIN:
91-0659435
Name of Stock End of Year Book Value End of Year Fair Market Value
ARISTOTLE FLOATING RATE INCOME FUND 168,300 168,300
DFA INTERNATIONAL SUSTAINABILITY (DFSPX) 142,030 142,030
FIDELITY INTERNATIONAL SMALL CAP (FIQIX) FUND 69,251 69,251
FULLER & THALER BEHAVIORAL SMALL CAP( FTHFX ) 437,928 437,928
G Q G PARTNERS EMERGING MARKETS (GQGIX) EQUITY FUND 148,518 148,518
HOTCHKIS AND WILEY HIGH YIELD FUND 61,312 61,312
ISHARES CORE MSCI EAFE ETF (IEFA) 334,163 334,163
ISHARES CORE MSCI EMERGING MARKETS EX (EMXC) CHINA ETF 146,837 146,837
ISHARES MSCI EAFE SMALL CAP INDEX ( SCZ ) FUND 55,710 55,710
ISHARES S&P 500 INDEX FUND (IVV) 2,548,156 2,548,156
ISHARES TR ( IJH ) S & P MIDCAP 400 INDEX FD 828,679 828,679
ISHARES TR S & P SMALLCAP 600 ( IJR ) 90,389 90,389

TY 2023 InvestmentsLandSchedule2
Name:
CHARLES & EMMA FRYE FREE PUBLIC
 
ART MUSEUM
EIN:
91-0659435
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
LAND 6,609,625 0 6,609,625 0
LAND IMPROVEMENTS 84,408 84,408 0 0
BUILDINGS 29,985,643 13,148,146 16,837,497 104,713,900
LEASEHOLD IMPROVEMENTS 1,874,746 1,625,973 248,773 0
EQUIPMENT 74,270 72,786 1,484 0

TY 2023 InvestmentsOtherSchedule2
Name:
CHARLES & EMMA FRYE FREE PUBLIC
 
ART MUSEUM
EIN:
91-0659435
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ALLSPRING GLOBAL LONG/SHORT EQUITY-Y FMV 41,850 41,850
FUGIO PRIVATE EQUITY FUND VI LP FMV 33,673 33,673
FUGIO PRIVATE EQUITY FUND VII LP FMV 354,192 354,192
GATEWAY FUND FMV 59,417 59,417
GOLDMAN SACHS ABSOLUTE RETURN TRACKER FUND - I FMV 241,308 241,308
MAKENA ENDOWMENT PORTFOLIO FMV 14,056,120 14,056,120
NEUBERGER BERMAN LONG SHORT FUND FMV 126,103 126,103
VANGUARD GLOBAL EX-U.S. REAL ESTATE ETF FMV 81,986 81,986

TY 2023 LandEtcSchedule2
Name:
CHARLES & EMMA FRYE FREE PUBLIC
 
ART MUSEUM
EIN:
91-0659435
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
LAND 5,060,297 0 5,060,297 5,060,297
LAND IMPROVEMENTS 886,499 93,977 792,522 792,522
BUILDINGS 13,340,184 8,624,519 4,715,665 4,715,665
LEASEHOLD IMPROVEMENTS 3,204,739 1,910,886 1,293,853 1,293,853
FURNITURE & FIXTURES 1,895,797 1,410,671 485,126 485,126
EQUIPMENT 39,763 39,763 0  


TY 2023 LegalFeesSchedule
Name:
CHARLES & EMMA FRYE FREE PUBLIC
 
ART MUSEUM
EIN:
91-0659435
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 36,242 15,319 15,319 20,923


TY 2023 OtherAssetsSchedule
Name:
CHARLES & EMMA FRYE FREE PUBLIC
 
ART MUSEUM
EIN:
91-0659435
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
RENTAL LEASE COMMISSIONS 83,424 255,443 255,443


TY 2023 OtherExpensesSchedule
Name:
CHARLES & EMMA FRYE FREE PUBLIC
 
ART MUSEUM
EIN:
91-0659435
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADVERTISING 93,632 0 472 94,344
BANK FEES 13,779 0 0 13,779
EXHIBITION 525,297 0 36 713,259
INSURANCE 119,769 30,669 30,669 119,745
MISCELLANEOUS 107,013 1,646 1,646 110
OFFICE EXPENSE 136,557 7,200 9,267 238,139
OUTSIDE SERVICES 207,356 16,767 16,767 24,178
REPAIRS & MAINTENANCE 411,277 69,532 69,532 309,504
STAFFING & RECRUITING 23,847 0 22 9,089


TY 2023 OtherIncomeSchedule2
Name:
CHARLES & EMMA FRYE FREE PUBLIC
 
ART MUSEUM
EIN:
91-0659435
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
INCOME FROM K-1S   214,461 262,059
MEMBERSHIPS 85,848   85,848
EDUCATION 42,631   42,631
MISCELLANEOUS INCOME 5,502   5,502


TY 2023 OtherIncreasesSchedule
Name:
CHARLES & EMMA FRYE FREE PUBLIC
 
ART MUSEUM
EIN:
91-0659435
Description Amount
UNREALIZED GAIN 944,388


TY 2023 OtherLiabilitiesSchedule
Name:
CHARLES & EMMA FRYE FREE PUBLIC
 
ART MUSEUM
EIN:
91-0659435
Description Beginning of Year - Book Value End of Year - Book Value
LEASE DEPOSITS 460,829 213,814


TY 2023 OtherProfessionalFeesSchedule
Name:
CHARLES & EMMA FRYE FREE PUBLIC
 
ART MUSEUM
EIN:
91-0659435
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER PROFESSIONAL FEES 387,151 0 1,830 360,240
INVESTMENT MANAGEMENT FEES 65,269 65,269 65,269 0


TY 2023 TaxesSchedule
Name:
CHARLES & EMMA FRYE FREE PUBLIC
 
ART MUSEUM
EIN:
91-0659435
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL TAXES 313,923 9,786 16,157 326,066
REAL PROPERTY TAXES 9,570 1,907 1,907 9,570
FROM SCHEDULE K-1 - FOREIGN TAXES 0 4,266 0 0
B&O TAXES 4,605 0 0 4,605