2026-06-12T09:17:46-05:00 2025-07-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2024-08-01 530204620 THE PHILLIPS COLLECTION PHIL 2023872151 1600 21ST STREET NW WASHINGTON DC 20009 CHERYL NICHOLS CHIEF FINANCIAL OFFICER 2023872151 2026-06-12 1 0 ELIZABETH W HELLER P00397829 3019519090 2024 2025-03-06 01:10:19Z JOHN DESPRES 1600 21ST STREET NW WASHINGTON DC 20009 32391007 0 X WWW.PHILLIPSCOLLECTION.ORG X 1921 DC THE PHILLIPS COLLECTION IS THE OLDEST MUSEUM OF MODERN AND CONTEMPORARY ART IN THE U.S. 31 31 242 60 137134 122150 7507678 10020447 1942599 1472937 3783554 14695435 462165 380845 13695996 26569664 0 0 0 0 9236088 9472833 58015 192695 1996348 8055699 7703421 17349802 17368949 -3653806 9200715 128931106 131831964 7316661 6392975 121614445 125438989 X THE PHILLIPS COLLECTION IS THE OLDEST MUSEUM OF MODERN AND CONTEMPORARY ART IN THE U.S. IN ADDITION TO PRESENTATION OF WORKS FROM THE PERMANENT COLLECTION AND SPECIAL EXHIBITIONS, THE MUSEUM MAINTAINS ACTIVE EDUCATIONAL, ACADEMIC, (CONTINUED ON SCHEDULE O)AND PUBLIC PROGRAMS, AND NUMEROUS PARTNERSHIPS WITH OTHER D.C. ARTS ORGANIZATIONS, EMBASSIES, AND EDUCATIONAL INSTITUTIONS. THE PHILLIPS TAKES PRIDE IN ITS HERITAGE AS AN INTIMATE MUSEUM COMBINED WITH AN EXPERIMENT STATION. 0 0 4805232 629710 DEVELOPMENT AND PRESENTATION OF SPECIAL EXHIBITIONS INCLUDING WORKS FROM THE MUSEUM'S OWN HOLDINGS, LOANS FROM INDIVIDUALS AND OTHER INSTITUTIONS, AND COLLABORATIONS WITH OTHER VENUES. HIGHLIGHTS FROM FY25 INCLUDE WHERE WE MEET, A LOOK AT THE OVERLAPPING INSTITUTIONAL HISTORIES BETWEEN THE HOWARD UNIVERSITY GALLERY OF ART AND THE PHILLIPS COLLECTION, REVEALING AN EARLY AND EVOLVING RELATIONSHIP DEVELOPED THROUGH A COMMON INTEREST IN COLLECTING, STEWARDSHIP, AND PROVIDING ACCESS TO ART; UP CLOSE WITH PAUL CEZANNE, AN UNVEILING OF TWO RECENTLY CONSERVED WORKS BY PAUL CEZANNE, MONT SAINTE-VICTOIRE (1886-87) AND SELF-PORTRAIT (1878-80), VIEWED IN THE CONTEXT OF FIVE OTHER WORKS BY CEZANNE; MULTIPLICITY: BLACKNESS IN CONTEMPORARY AMERICAN COLLAGE, WHICH CELEBRATED THE BROAD VARIETY AND COMPLEXITY OF BLACK IDENTITY THROUGH EXPERIMENTAL TECHNIQUES, OFFERING POIGNANT EXPRESSIONS OF HUMAN EXPERIENCE, INCLUDING FRAGMENTATION AND RECONSTRUCTION, SHARED HISTORY AND MEMORY, CULTURAL HYBRIDITY, GENDER FLUIDITY, AND NOTIONS OF BEAUTY; WILLIAM GROPPER: ARTIST OF THE PEOPLE, A PRESENTATION FEATURING MORE THAN 30 WORKS THAT REVEAL THE ARTIST'S BITING COMMENTARY ON HUMAN RIGHTS, ANARCHY, LABOR, FREEDOM, AND DEMOCRACY; BREAKING IT DOWN: CONVERSATIONS FROM THE VAULT, AN EXPLORATION OF MUSEUM FOUNDER DUNCAN PHILLIPS'S CONCEPT OF "UNITS," GROUPS OF WORKS OF ART THAT REPRESENT KEY ASPECTS OF AN ARTIST'S VISION OR SPIRIT, THROUGH SEVERAL ARTISTS WHO ARE CORNERSTONES OF THE COLLECTION AS WELL AS A GROWING COLLECTION OF WORKS BY TRAILBLAZERS OF OUR TIME; TIMELESS MUCHA: THE MAGIC OF LINE, A SURVEY OF CZECH PAINTER AND DECORATIVE ARTIST ALPHONSE MUCHA, EXPLORING HIS ARTISTIC EVOLUTION, REVOLUTIONARY CONTRIBUTIONS TO GRAPHIC DESIGN, AND THE ENDURING INFLUENCE OF HIS SIGNATURE STYLE ON PSYCHEDELIC ROCK POSTERS, ALBUM COVERS, COMIC BOOKS, AND JAPANESE MANGA; ESSEX HEMPHILL: TAKE CARE OF YOUR BLESSINGS, AN EXPLORATION OF THE INTERDISCIPLINARY RELATIONSHIP BETWEEN PROMINENT WASHINGTON, DC, POET, PERFORMER, EDITOR, AND ACTIVIST ESSEX HEMPHILL'S WRITING - RAW, POLITICALLY CHARGED, AND DEEPLY PERSONAL - AND CONTEMPORARY VISUAL ART BY ARTISTS WHO KNEW OR COLLABORATED WITH HEMPHILL DURING HIS LIFETIME, ALONGSIDE THOSE WHO FOUND INSPIRATION IN HIS ARTISTIC AND POLITICAL VISION DECADES LATER; AND VIVIAN BROWNE: MY KIND OF PROTEST, A SURVEY OF THE MORE THAN FOUR-DECADE CAREER OF ABSTRACT ARTIST VIVIAN BROWNE, FEATURING SEVEN BODIES OF WORK AS WELL AS EPHEMERA THAT HIGHLIGHT BROWNE'S PIONEERING ACTIVISM AND INFLUENTIAL TEACHING CAREER. 3025674 577278 MANAGEMENT AND MAINTENANCE OF THE MUSEUM'S PERMANENT COLLECTION OF NEARLY 6,000 WORKS. WHEN THE MUSEUM OPENED TO THE PUBLIC IN 1921 AS THE NATION'S FIRST MUSEUM OF MODERN AND CONTEMPORARY ART, THE COLLECTION COMPRISED OVER 200 WORKS ACQUIRED BY DUNCAN PHILLIPS. OUR NEW ACQUISITIONS, ARRIVING THROUGH BOTH GIFT AND PURCHASE, REFLECT THE MUSEUM'S EFFORTS TO CONTINUE PHILLIPS'S LEGACY WITH WORKS THAT DEEPEN OR INTRODUCE NEW GLOBAL VOICES INTO OUR COLLECTION WHILE ENRICHING THE NARRATIVE OF MODERN AND CONTEMPORARY ART. OUR DISPLAYS OF THE PERMANENT COLLECTION HAVE BUILT MEANINGFUL CONNECTIONS WITH COMMUNITIESFROM LOCAL TO INTERNATIONAL. NOTABLE ACQUISITIONS INCLUDE WORKS BY RUSH BAKER IV, MARTIN CREED, HENRI MATISSE, AND GEORGE SEGAL. COMMENSURATE ACTIVITIES INCORPORATED ONGOING CONSERVATION EFFORTS TO (CONTINUED ON SCHEDULE O)PRESERVE AND PROTECT THE GROWING COLLECTION, AND THE CONTINUANCE OF COLLECTION DIGITIZATION FOR PUBLICATIONS AND PRESENTATION ON THE MUSEUM'S WEBSITE, ARTSTOR, GOOGLE ARTS & CULTURE, AND THE MULTI-MUSEUM APP BLOOMBERG CONNECTS. MOREOVER, THE HIGH QUALITY OF WORKS IN THE COLLECTION PRESENTED MANY OPPORTUNITIES FOR COLLABORATION WITH OTHER MUSEUMS BOTH FOR EXHIBITION PARTNERSHIPS AND FOR LENDING WORKS TO ENHANCE PROJECTS AT OTHER VENUES - NOTABLE FY25 BORROWERS INCLUDED BARNES FOUNDATION, PHILADELPHIA, PA; MUSE DE LORANGERIE, PARIS, FRANCE; AND MUSE FABRE, MONTPELLIER, FRANCE. WHILE THE PHILLIPS DID NOT CIRCULATE AN EXHIBITION DRAWN FROM ITS COLLECTION TO OTHER VENUES THIS FISCAL YEAR, THE MUSEUM ORGANIZED BREAKING IT DOWN: CONVERSATIONS FROM THE VAULT. THE EXHIBITION WAS DRAWN ENTIRELY FROM THE PHILLIPS'S COLLECTION AND OFFERED A FRESH EXPLORATION OF SEVERAL ARTISTS WHO ARE CORNERSTONES OF THE COLLECTION, INCLUDING GEORGES BRAQUE, RICHARD DIEBENKORN, ARTHUR DOVE, SAM GILLIAM, PAUL KLEE, AND GEORGIA O'KEEFFE, ALONGSIDE A GROWING COLLECTION OF WORKS BY TRAILBLAZERS OF OUR TIME, INCLUDING SEAN SCULLY, SYLVIA SNOWDEN, RENE STOUT, JOYCE WELLMAN, AND MORE. 2921062 614388 THE PHILLIPS COLLECTION ENGAGED WITH AUDIENCES THROUGH ONSITE PROGRAMS INCLUDING MEMBER ART TOURS, EXHIBITION OPENINGS, AND OTHERS. THROUGH THOUGHTFULLY CURATED PERFORMANCES, PHILLIPS MUSIC, THE MUSEUM'S CONCERT SERIES, CONTINUES TO PRESENT AN OUTSTANDING PROGRAM OF CONCERTS, SHOWCASING A CULTURALLY DIVERSE RANGE OF ARTISTS AND MUSICAL STYLES. THE SEASON HIGHLIGHTED BOTH EMERGING AND ESTABLISHED MUSICIANS, FEATURING COMPOSITIONS CELEBRATING ARTISTIC EXCELLENCE WHILE FOSTERING CONNECTIONS BETWEEN MUSIC AND VISUAL ART. WE WERE ABLE TO OFFER A FULL GUEST EXPERIENCE WITH AMENITIES INCLUDING OUR CAF WHICH IS OPERATED BY A BELOVED LOCAL BAKERY, AND A GIFT SHOP WHICH CONTINUES TO BE ONE OF THE BEST MUSEUM SHOPS IN THE WORLD. WE CONNECTED WITH BOTH CURRENT AND POTENTIAL MEMBERS AND VISITORS THROUGH (CONTINUED ON SCHEDULE O)OUR WEBSITE, SOCIAL MEDIA, E-NEWSLETTERS, LOCAL AND REGIONAL MARKETING AND ADVERTISING, AND OUR PARTICIPATION IN THE BLOOMBERG CONNECTS APP. OUR DYNAMIC AND POPULAR 1ST THURSDAY PROGRAM, PHILLIPS AFTER FIVE, AND OUR 3RD THURSDAY FREE EVENINGS APPEAL TO A WIDE DEMOGRAPHIC. WE CONTINUE TO OFFER OUR MUSEUM AS A UNIQUE AND CAPTIVATING LOCATION FOR EXTERNAL EVENTS THROUGHOUT THE YEAR. 2125151 145298 THE PHILLIPS PRESENTED A BROAD RANGE OF PROGRAMMING DESIGNED TO APPEAL TO THE MUSEUM'S EXPANDING VISITOR DEMOGRAPHIC. EDUCATION PROGRAMS HELP AUDIENCES SEE, CREATE, AND ENGAGE WITH ART IN NEW AND UNEXPECTED WAYS. WE GAVE 875 GUIDED TOURS AND SPOTLIGHTS TALKS TO 6,859 GUESTS. THE PHILLIPS PROVIDES IN-DEPTH PROFESSIONAL DEVELOPMENT OPPORTUNITIES ON ARTS INTEGRATION USING THE MUSEUM'S COLLECTION AND ONLINE RESOURCES. PROFESSIONAL DEVELOPMENT OPPORTUNITIES FEATURE ARTWORKS FROM THE PHILLIPS'S SPECIAL EXHIBITIONS AND PERMANENT COLLECTION AND FOCUS ON PRISM.K12, THE MUSEUM'S ARTS INTEGRATION STRATEGIES AND MODEL FOR CULTURALLY RESPONSIVE TEACHING (HTTPS://WWW.PHILLIPSCOLLECTION.ORG/ PRISMK12-STRATEGIES). PROFESSIONAL DEVELOPMENT SESSIONS ARE DESIGNED FOR TEACHERS TO EASILY INTEGRATE IDEAS AND ACTIVITIES INTO THEIR CLASSROOMS, AND THEY MAY TAKE PLACE AT THE MUSEUM, AT AREA SCHOOLS, OR VIRTUALLY. IN 2023-2024, THE MUSEUM REACHED 712 TEACHERS THROUGH 27 PROFESSIONAL DEVELOPMENT SESSIONS, WHICH INCLUDED THREE-HOUR SESSIONS, FIFTEEN-HOUR MULTI-WEEK PROGRAMS, AND A WEEKLONG SUMMER TEACHER INSTITUTE. ADDITIONALLY, THE MUSEUM HAS OVER 50 ONLINE LESSON PLANS AVAILABLE THROUGH THEIR WEBSITE THAT CONNECT ACROSS ALL SUBJECT AREAS. WE REACHED 4,535 PK-12 STUDENTS WITHIN THE DC PUBLIC AND CHARTER SCHOOLS, MARYLAND, AND VIRGINIA DURING THE FISCAL YEAR THROUGH 139 TOURS. 61% OF THOSE WERE DC SCHOOLS. THE MUSEUM'S MULTI-VISIT SCHOOL PARTNERSHIP PROGRAM, ART LINKS, REACHED 1,632 STUDENTS FROM 23 SCHOOLS AND ORGANIZATIONS. THE PHILLIPS COLLECTION'S WORKSHOP AND GALLERY AT THE TOWN HALL EDUCATION ARTS RECREATION CAMPUS (THEARC) PROVIDES A SPACE TO VIEW, DISCUSS, MAKE, AND EXHIBIT ART. PROGRAMS ARE CO-CREATED WITH OUR PARTNERS AND PARTICIPANTS TO ENCOURAGE AUTHENTIC COMMUNITY DIALOGUE, COMMUNITY PLANNING, AND COMMUNITY ACTION. TO THE EAST WAS A MURAL RETROSPECTIVE EXHIBITION DRAWING FROM THE ARCHIVES OF DC MURALS AND DC PUBLIC LIBRARY, AND THE ANACOSTIA COMMUNITY MUSEUM; SYDNEY VERNON EXHIBITION INVITED VIEWERS INTO THE WORLD OF SYDNEY VERNON, WHO SUPERIMPOSED AND ALTERED PERSONAL FAMILY PHOTOGRAPHS WITH REAL AND IMAGINED HISTORIES OF BLACK AMERICAN CULTURE FOR FURTHER REINTERPRETATION; ZSUDAKA NZINGA: HOME COMING / HOME GOING PRESENTED RECENT WORKS BY NZINGA THAT EXAMINED THE DIVERSE WAYS BLACK AMERICANS FIND, DEFINE, AND ESTABLISH "HOME". DIGITAL INTERSECTIONS WERE CREATED BY 3 REGIONAL ARTISTS AND DISPLAYED FOR ANYONE PASSING BY. FROM ITS VERY INCEPTION, THE PHILLIPS HAS FOCUSED ON THE HEALING POWER OF ART. OUR CREATIVE AGING PARTNERSHIP WITH IONA SENIOR SERVICES, ARTS FOR THE AGING (AFTA), AND SEVERAL OTHER SENIOR CENTERS ACROSS DC SERVED 711 PARTICIPANTS ACROSS 42 SESSIONS. IONA'S NEW CAMPUS NEAR THEARC ALLOWS THE PHILLIPS TO SERVE MORE OLDER ADULTS IN WARDS 7 AND 8. OUR MOST POPULAR VIRTUAL OFFERING WITH AN AVERAGE OF 70 PARTICIPANTS EACH WEEK IS OUR ART-BASED MEDITATION PROGRAM, CONSISTING OF AN ART DISCUSSION LED BY THE PHILLIPS'S HEAD OF EXPERIENTIAL LEARNING AND GUIDED MEDITATION LED BY THE MUSEUM'S RESIDENT YOGA TEACHER; 3,749 PEOPLE PARTICIPATED LAST YEAR. WE ALSO SERVED 1,016 PARTICIPANTS THROUGH 22 FAMILY PROGRAMS. 2125151 145298 12877119 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 0 1 0 0 0 1 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 169 0 1 242 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 31 31 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AL AR CA FL GA IL KS KY MD MA MI MN MS NH NJ NM NY NC OR PA RI SC TN UT VA WV WI X X CHERYL NICHOLS 2023872151 1600 21ST STREET NW WASHINGTON DC 20009 JULIE GARCIA CHAIR 3.00 X X 0 0 0 ROBERT DRUMHELLER VICE CHAIR 2.00 X X 0 0 0 AKIO TAGAWA VICE CHAIR 2.00 X X 0 0 0 JANE LOLE SECRETARY 2.00 X X 0 0 0 JEFF WHITAKER TREASURER 2.00 X X 0 0 0 PATTY ALPER-COHN TRUSTEE 1.00 X 0 0 0 THERESA BALARAN TRUSTEE 1.00 X 0 0 0 DOUGLAS BENNETT TRUSTEE 1.00 X 0 0 0 BEATRIZ BOLTON TRUSTEE 1.00 X 0 0 0 BARBARA BERISH BROWN TRUSTEE 1.00 X 0 0 0 ZOE CHARLTON TRUSTEE 1.00 X 0 0 0 NINA CHUNG DWYER TRUSTEE 1.00 X 0 0 0 JOSH EASTRIGHT TRUSTEE 1.00 X 0 0 0 ANNE EDWARDS TRUSTEE 1.00 X 0 0 0 TODD GALAIDA TRUSTEE 1.00 X 0 0 0 PAMELA GWALTNEY TRUSTEE 1.00 X 0 0 0 BONNIE BURKE HIMMELMAN TRUSTEE 1.00 X 0 0 0 BENNIE F JOHNSON TRUSTEE 1.00 X 0 0 0 PAMELA KAPLAN TRUSTEE 1.00 X 0 0 0 RUSSELL KATZ TRUSTEE 1.00 X 0 0 0 PAUL KILLIAN TRUSTEE 1.00 X 0 0 0 GAIL LIONE TRUSTEE 1.00 X 0 0 0 B THOMAS MANSBACH TRUSTEE 1.00 X 0 0 0 SARAH MILLS TRUSTEE 1.00 X 0 0 0 JUANITA MOORE TRUSTEE 1.00 X 0 0 0 SALA PATTERSON TRUSTEE 1.00 X 0 0 0 LIZA PHILLIPS TRUSTEE 1.00 X 0 0 0 ERIC RICHTER TRUSTEE 1.00 X 0 0 0 MARK ROSMAN TRUSTEE 1.00 X 0 0 0 REID WALKER TRUSTEE 1.00 X 0 0 0 LESLIE WHEELOCK TRUSTEE 1.00 X 0 0 0 JONATHAN BINSTOCK VRADENBURG DIRECTOR & CEO 60.00 X 375556 0 64258 CHERYL NICHOLS CFO 45.00 X 182109 0 55563 BRADLEY FREEDMAN COO (FROM 10/2024) 45.00 X 30091 0 5839 ELIZABETH RACHEVA CHIEF ADVANCEMENT OFFICER 45.00 X 168664 0 48185 YUMA I TOMES HORNING CHAIR FOR DEAI 45.00 X 137541 0 24986 ANGELA GILLESPIE DIR. OF HUMAN RESOURCES 45.00 X 133875 0 64258 ELSA SMITHGALL CHIEF CURATOR 45.00 X 132869 0 30150 RENEE LITTLETON CHIEF COMMUNICATIONS OFFICER 45.00 X 126449 0 15064 1287154 0 308303 11 0 1 0 CROZIER FINE ARTS INC PO BOX 21089 NEW YORK NY 10087 ART SHIPPING & STORAGE 269898 WELL DUNN CATERING 5226 MONROE PLACE HYATTSVILLE MD 20781 CATERING 189350 PATHSTONE 24 FEDERAL ST 8TH FLOOR BOSTON MA 02110 ENDOWMENT INVESTMENT ADVISORS 183890 HLP ASSOCIATES INC 1200 G ST NW SUITE 800 WASHINGTON DC 20005 IT SERVICES 160483 P&R ENTERPRISES PO BOX 8095 FALLS CHURCH VA 22041 CLEANING SERVICES 146043 9 1118988 847558 499696 7554205 402386 10020447 VISITOR FEES 900099 1120974 1120974 MUSIC & EDUCATIONAL PROGRAMS 900099 145299 145299 FACILITY/EQUIP RENTAL 900099 120650 120650 FEES FROM EXHIBITIONS/LOANED ART 900099 52431 52431 MEMBERSHIP DUES 900099 33583 33583 1472937 2296955 137134 2159821 5173 5173 31892 0 31892 31892 31892 13533661 3923522 5058703 0 8474958 3923522 12398480 12398480 108760 847558 263750 -154990 -154990 992627 498890 493737 493737 MISCELLANEOUS 900099 5033 5033 5033 26569664 1966674 137134 14445409 823032 536231 170827 115974 6647234 5209340 511324 926570 271676 198900 39061 33715 1006062 789251 45054 171757 724829 547950 89776 87103 11517 11517 83597 83597 5500 5500 192695 192695 283457 283457 1116251 974640 8523 133088 304111 292952 4411 6748 733496 418976 189202 125318 297941 198906 75195 23840 29507 30860 -1624 271 1399182 985815 378249 35118 152686 104062 32326 16298 248106 180559 60261 7286 1331410 863533 433689 34188 336183 303090 27559 5534 OTHER EXHIBITION EXP. 792816 802136 -14556 5236 EVENTS 380370 269670 40777 69923 PURCHASES OF ART 149225 149225 MISCELLANEOUS 48066 21023 26857 186 17368949 12877119 2495482 1996348 871265 980025 7051409 10735307 19702 34159 404300 438072 200911 174209 51468001 25456233 27218167 26011768 43966384 49895397 47421860 43563027 1777108 0 128931106 131831964 1588752 1443573 94706 45939 5303645 4816421 200000 129558 87042 7316661 6392975 X 35097346 37982957 86517099 87456032 121614445 125438989 128931106 131831964 9200715 -5376171 0 X 0 1 X 1 0 X 11092248 9109344 15461920 7507678 10020447 53191637 11092248 9109344 15461920 7507678 10020447 53191637 6115777 47075860 802034 1804557 1532162 1383365 2196886 7719004 37188 130311 95059 71040 122150 455748 43 10418 3825 19538 5034 38858 61405247 12114664 0.76660 0.74500 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2020 AMOUNT: $ 43. 2021 AMOUNT: $ 10,418. 2022 AMOUNT: $ 3,825. 2023 AMOUNT: $ 19,538. 2024 AMOUNT: $ 5,034. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 5500 5500 0 PART II-B, LINE 1: THE PHILLIPS COLLECTION ENGAGES LOBBYISTS WHO REPRESENT THE NATIONAL CAPITAL ARTS CONSORTIUM, AN INFORMAL COOPERATIVE, UNDERTAKING IN WHICH THE PHILLIPS COLLECTION PARTICIPATES. THE LOBBYISTS PROVIDE INFORMATION ABOUT THE AVAILABILITY AND METHODOLOGY FOR OBTAINING FUNDS FROM THE FEDERAL GOVERNMENT, DC GOVERNMENT, INDUSTRIES, AND FOUNDATIONS, AND EDUCATES LAWMAKERS ON THE NECESSITY FOR SUCH FUNDS AS WASHINGTON, DC HAS NO STATE ARTS ORGANIZATION. X X X X 1 87820313 2260895 4795879 6164224 88712863 85032079 838097 8256045 6305908 87820313 81825591 4786206 6123186 7702904 85032079 85714181 545805 -1389791 3044604 81825591 64081984 4466106 19212794 2046703 85714181 0.10214 0.69381 0.20405 0 0 833240 833240 46970979 22781247 24189732 14995 11496 3499 2998331 2221186 777145 650456 442304 208152 26011768 ALTERNATIVE FUNDS - FLEXIBLE CAPITAL 25552582 F ALTERNATIVE FUNDS - PRIVATE FUNDS 18010445 F 43563027 GIFT ANNUITY DEBT 38040 CAPITAL LEASE OBLIGATION 49002 87042 19723650 2682 710183 6087407 6800272 12923378 13646286 13646286 26569664 18541892 710183 773432 1483615 17058277 310672 310672 17368949 PART III, LINE 1A: WORKS OF ART IN THE MUSEUM'S COLLECTION ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENTS OF FINANCIAL POSITION. PURCHASES OF ART ARE RECORDED AS DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTIONS IF PURCHASED WITH ASSETS WITHOUT DONOR RESTRICTIONS AND ARE RECORDED AS DECREASES IN NET ASSETS WITH DONOR RESTRICTIONS IF PURCHASED WITH DONOR-RESTRICTED ASSETS. CONTRIBUTIONS OF COLLECTION ITEMS ARE NOT RECOGNIZED IN THE STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS; HOWEVER, CERTAIN CONTRIBUTIONS ARE RECORDED AS INCREASES IN NET ASSETS WITH DONOR RESTRICTIONS IF A DONOR MAKES A CONTRIBUTION INTENDED TO FUND THE SUBSEQUENT PURCHASE OF ART. PROCEEDS FROM THE SALE OF DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED ON THE STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS BASED ON THE ABSENCE OR EXISTENCE AND NATURE OF DONOR-IMPOSED RESTRICTIONS. SALES OF DEACCESSIONED ARTWORK, NET OF COMMISSIONS AND FEES, TOTALED $3,923,522 AND $0, RESPECTIVELY, FOR THE YEARS ENDED JULY 31, 2025 AND 2024. PROCEEDS ARE RESTRICTED BY THE BOARD OF TRUSTEES AND WILL BE USED IN ACCORDANCE WITH THE PHILLIPS COLLECTION COLLECTIONS MANAGEMENT POLICY, WHICH IS ALIGNED WITH THE ASSOCIATION OF ART MUSEUM DIRECTORS AND ALSO AMERICAN ALLIANCE OF MUSEUMS STIPULATIONS. PART III, LINE 4: AS STATED IN ARTICLE 3 OF THE COLLECTION'S ARTICLES OF INCORPORATION, THE FOCUS OF THE PERMANENT COLLECTION IS THE EMERGENCE OF MODERN ART IN EUROPE AND THE UNITED STATES IN THE LATE NINETEENTH AND THE TWENTIETH CENTURIES (NOW THE 21ST AS WELL), AND IN PARTICULAR THE EXPRESSIVE, INDIVIDUALISTIC, COLORFUL, NATURE-BASED ART FAVORED BY DUNCAN PHILLIPS. PHILLIPS WISHED FOR THE MUSEUM TO CONTINUE TO COLLECT CONTEMPORARY ART OF THE KIND HE FAVORED SO THAT LIVING AND EMERGING ARTISTS WOULD HAVE A VENUE TO SHOW THE RESULTS OF THEIR RESEARCH AND THEIR AESTHETIC ADVENTURES. THE COLLECTION PERMITS THE MUSEUM TO PROVIDE OUTSTANDING EXHIBITIONS AND RELATED ART PROGRAMMING FOR THE EDUCATION OF THE PUBLIC. PART V, LINE 4: THE MUSEUM'S ENDOWMENT IS INVESTED TO PROVIDE INCOME FOR OPERATIONS, FOR PROGRAMS AND EXHIBITIONS, FOR DISPLAY AND PRESERVATION OF THE PERMANENT COLLECTION. PART XI, LINE 2D - OTHER ADJUSTMENTS: ENDOWMENT EARNINGS TRANSFERRED FOR OPERATIONS 6,076,615. INCLUDED IN REVENUE ON THE FINANCIAL STATEMENTS AND EXCLUDED FROM REVENUE ON FORM 990, PART VIII. EXHIBITION PARTICIPATION EXPENSE FEES INCLUDED IN EXPENSES 10,792. ON THE FINANCIAL STATEMENT AND NETTED AGAINST REVENUE ON FORM 990, PART VIII. PART XI, LINE 4B - OTHER ADJUSTMENTS: REALIZED GAINS, NON-OPERATING, REPORTED AS AN "OTHER ITEM" 1,037,240. ON THE FINANCIAL STATEMENTS AND INCLUDED AS REVENUE ON FORM 990, PART VIII. GALA EXPENSES EXCLUDED FROM REVENUE ON THE FINANCIAL -263,750. STATEMENTS AND NETTED AGAINST REVENUE ON FORM 990, PART VIII. SHOP COST OF GOODS SOLD EXCLUDED FROM REVENUE ON -498,890. THE FINANCIAL STATEMENTS AND NETTED AGAINST REVENUE ON FORM 990, PART VIII. INTEREST, NON-OPERATING, REPORTED AS AN "OTHER ITEM" 9,448,164. ON THE FINANCIAL STATEMENTS AND INCLUDED AS REVENUE ON FORM 990, PART VIII. SALE OF DE-ACCESSIONED ART, NON-OPERATING, REPORTED AS AN "OTHER ITEM" 3,923,522. ON THE FINANCIAL STATEMENTS AND INCLUDED AS REVENUE ON FORM 990, PART VIII. PART XII, LINE 2D - OTHER ADJUSTMENTS: GALA EXPENSES INCLUDED IN EXPENSES ON THE FINANCIAL 263,750. STATEMENTS AND NETTED AGAINST REVENUE ON FORM 990, PART VIII. SHOP COST OF GOODS SOLD INCLUDED IN EXPENSES ON THE 498,890. FINANCIAL STATEMENTS AND NETTED AGAINST REVENUE ON FORM 990, PART VIII. EXHIBITION PARTICIPATION EXPENSE FEES INCLUDED IN EXPENSES 10,792. ON THE FINANCIAL STATEMENT AND NETTED AGAINST REVENUE ON FORM 990, PART VIII. PART XII, LINE 4B - OTHER ADJUSTMENTS: UBIT TAX EXPENSE REPORTED AS AN "OTHER ITEM" ON THE -27,216. FINANCIAL STATEMENTS AND INCLUDED AS AN EXPENSE ON FORM 990, PART IX. INVESTMENT FEES, NON-OPERATING, REPORTED AS AN "OTHER ITEM" 337,888. ON THE FINANCIAL STATEMENTS AND INCLUDED AS AN EXPENSE ON FORM 990, PART IX. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS IN FUNDS DOMICILED IN THE REGION 23073675 0 0 0 0 0 0 23073675 0 23073675 1 0 1 1 1 0 X X 1 DANILLER COMPANY 3724 JEFFERSON STREET SUITE 302 AUSTIN TX 78731 MEMBER ACQUISITION MAILINGS 0 71693 59527 12166 CARTER CONSULTING GROUP 2916 DARTMOUTH ROAD ALEXANDRIA VA 22314 MAJOR & PLANNED GIVING CONSULTANT 0 0 125668 0 CANTALUPO CONSULTING LLC 63 SELBY DR MARSHALL NC 28753 GRANTS WRITING CONSULTANT 0 0 7500 0 71693 192695 12166 AL AK AR CA CO CT DC FL GA IL KS KY ME MD MA MI MN MS NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI ANNUAL GALA 956318 847558 108760 110705 153045 956318 847558 108760 110705 153045 263750 -154990 X X X X X 0 0 0 0 0 0 0 0 0 JONATHAN BINSTOCK VRADENBURG DIRECTOR & CEO 375556 0 0 0 0 0 30500 0 33758 0 439814 0 0 0 CHERYL NICHOLS CFO 182109 0 0 0 0 0 30500 0 25063 0 237672 0 0 0 ELIZABETH RACHEVA CHIEF ADVANCEMENT OFFICER 168664 0 0 0 0 0 17900 0 30285 0 216849 0 0 0 ANGELA GILLESPIE DIR. OF HUMAN RESOURCES 133875 0 0 0 0 0 30500 0 33758 0 198133 0 0 0 ELSA SMITHGALL CHIEF CURATOR 132869 0 0 0 0 0 30150 0 0 0 163019 0 0 0 YUMA I TOMES HORNING CHAIR FOR DEAI 137541 0 0 0 0 0 12449 0 12537 0 162527 0 0 0 A DISTRICT OF COLUMBIA 536001131 254839E82 2012-11-01 27000000 MUSEUM EXPANSION - DC 30 YEAR BOND ISSUED IN 2003 & REISSUED IN 2012 & 2022. 0 0 0 A 22098968 27000000 27000000 2006 0 0 0 1 A 0 0 0 0 0 0 0 A 0 0 0 1 0 0 0 0 0 A 0 X 42 0 X 32 354151 TRADE CONFIRMATIONS X GALA BEVERAGES 1 48135 DONOR CONFIRMATION X ART BOOKS 1 100 DONOR CONFIRMATION 6 0 1 0 PART I, COLUMN (B): FOR WORKS OF ART DONATIONS, THIS COLUMN REPRESENTS THE NUMBER OF ITEMS CONTRIBUTED. FOR STOCK DONATIONS, FURNITURE AND FOOD AND BEVERAGE DONATIONS, THE NUMBER REFLECTED IS THE NUMBER OF DONATIONS RECEIVED. PART I, LINE 33: THE ORGANIZATION DOES NOT REPORT THE VALUE OF ART HOLDINGS ON ITS FINANCIAL STATEMENT. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS ONE CLASS OF MEMBERSHIP. THE CLASS SHALL INCLUDE, WHEN POSSIBLE, ONE OR MORE MEMBERS OF THE FAMILY OF THE FOUNDER, DUNCAN PHILLIPS. FORM 990, PART VI, SECTION A, LINE 7A THE CHAIR OF THE GOVERNING BOARD SHALL BE DETERMINED BY THE VOTE OF THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCIAL STATEMENTS WERE PREPARED BY MANAGEMENT AND AUDITED BY THE MUSEUM'S INDEPENDENT AUDITORS. THE FORM 990 WAS PREPARED BY MANAGEMENT AND REVIEWED BY THE MUSEUM'S EXTERNAL TAX ACCOUNTANTS. THE AUDIT COMMITTEE OF THE BOARD IS CHARGED WITH REVIEWING THE AUDITED FINANCIALS AND THE ANNUAL 990 FILING. THESE DOCUMENTS ARE REVIEWED IN SPECIAL MEETINGS OF THE COMMITTEE ATTENDED BY MUSEUM STAFF AND (IN THE INSTANCE OF THE AUDITED FINANCIALS) THE EXTERNAL AUDITORS. THE FINANCE STAFF MEETS WITH THE AUDIT COMMITTEE TO REVIEW AND APPROVE THE RETURN, AND A COPY OF THE DRAFT RETURN IS THEN PROVIDED TO THE FULL BOARD FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C KEY EMPLOYEES ARE REQUIRED TO COMPLY WITH THE CONFLICTS OF INTEREST POLICY DETAILED IN THE STAFF HANDBOOK. LETTERS REITERATING THE POLICY FOR BOARD MEMBERS ARE SENT PERIODICALLY TO EACH BOARD MEMBER AS PART OF THE ANNUAL AUDIT PROCESS. EACH BOARD MEMBER IS REQUIRED TO SEND A WRITTEN RESPONSE INDICATING HIS/HER COMPLIANCE. IF A CONFLICT WERE TO ARISE, IT WOULD BE RESOLVED BY DISCUSSION WITH THE BOARD CHAIR AND AUDIT CHAIR, LEGAL COUNSEL, AND THE BOARD MEMBER AS TO THE APPROPRIATE RESOLUTION. FORM 990, PART VI, SECTION B, LINE 15A THE DIRECTOR OF THE MUSEUM WAS HIRED WITH THE ASSISTANCE OF A SEARCH FIRM WITH MAJOR NOT-FOR-PROFIT CLIENTS. ITS SALARY RECOMMENDATION WAS BASED UPON COMPARABLES FROM THAT FIRM'S EXPERIENCE AS WELL AS ON NATIONAL STATISTICAL SURVEYS. THE DIRECTOR'S SALARY IS DETERMINED BY THE BOARD'S CHAIR AND APPROPRIATE COMMITTEE BASED UPON PERFORMANCE RESULTS, BUDGET CAPACITY, AND COMPARABLES WITH OTHER MUSEUMS. INCREASES ARE SET IN THE EMPLOYMENT CONTRACT. ALL OTHER EMPLOYEES ARE HIRED IN SALARY RANGES UTILIZING LOCAL AND/OR NATIONAL STATISTICAL SURVEYS. INCREASES IN COMPENSATION OUTSIDE OF DC MINIMUM WAGE REQUIREMENTS ARE DETERMINED BY THE DIRECTOR IN CONSULTATION WITH THE CFO, DIRECTOR OF H.R. AND/OR SENIOR LEADERSHIP BASED UPON PERFORMANCE RESULTS AND IN COMPARISON WITH OTHER INSTITUTIONS BASED UPON STATISTICAL SURVEYS. FOR PROFESSIONAL STAFF, THE MOST COMMON SURVEY USED IS THE AMERICAN ASSOCIATION OF MUSEUM DIRECTORS ANNUAL SALARY SURVEY. THE LAST SALARY REVIEW TOOK PLACE IN SUMMER 2024 USING GENERAL DC MARKET DATA AND A 2024 SALARY SURVEY. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, AUDITED FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE BY REQUEST. THE AUDITED FINANCIAL STATEMENTS ARE ALSO AVAILABLE IN SUMMARY FORM WITHIN THE MUSEUM'S MEMBER MAGAZINE EACH YEAR. THE LAST 10 YEARS' AUDITED FINANCIAL STATEMENTS AND 990S ARE POSTED ON THE MUSEUM'S WEBSITE.