2024-03-06T15:13:48-06:00 2023-06-30 141555429 UHY ADVISORS NORTHEAST INC 4 TOWER PLACE EXECUTIVE PARK 7TH FLOOR ALBANY NY 12203 990 2022-07-01 042163004 STERLING AND FRANCINE CLARK ART INSTITUTE STER 4134582303 225 SOUTH ST WILLIAMSTOWN MA 012672878 SCOTT SCHWEIGHAUSER TREASURER 4134582303 2024-03-06 1 SCOTT SCHWEIGHAUSER 999009999 1 XIAOQIANG ZHANG P01577994 5184493166 2024-03-05 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z OLIVIER B MESLAY 225 SOUTH ST WILLIAMSTOWN MA 012672878 11728898 0 X WWW.CLARKART.EDU X 1950 MA IN 1950, STERLING AND FRANCINE CLARK CHARTERED THE STERLING AND FRANCINE CLARK ART INSTITUTE AS A HOME FOR THEIR EXTENSIVE ART COLLECTION. OPENED TO THE PUBLIC IN 1955, THE INSTITUTE HAS BUILT UPON THIS EXTRAORDINARY GROUP OF WORKS TO BECOME ONE OF THE MOST BELOVED AND RESPECTED ART MUSEUMS IN THE WORLD, KNOWN FOR ITS INTIMATE GALLERIES AND STUNNING NATURAL ENVIRONMENT. ONE OF THE FEW INSTITUTIONS IN THE UNITED STATES THAT COMBINES A PUBLIC ART MUSEUM WITH RESEARCH AND ACADEMIC PROGRAMS, INCLUDING A MAJOR ART HISTORY LIBRARY, THE CLARK IS A LEADING INTERNATIONAL CENTER FOR RESEARCH AND DISCUSSION ON THE NATURE OF ART AND ART HISTORY. 18 18 184 67 -63429 0 5975345 7730401 1400261 1248851 883843 1808776 36555 -63429 8296004 10724599 418500 774000 0 0 9338488 10106065 70000 349230 1844625 19905292 20321608 29732280 31550903 -21436276 -20826304 670367352 657691537 85021172 82730236 585346180 574961301 X SEE SCHEDULE O FOR THE ORGANIZATION'S MISSION STATEMENT.PLEASE SEE DESCRIPTION FOR PART I, LINE 1, ABOVE. 0 0 5176688 274000 SEE SCHEDULE O FOR RESEARCH AND ACADEMIC PROGRAMS ACCOMPLISHMENTS.RESEARCH AND ACADEMIC PROGRAM ACCOMPLISHMENTS - AS AN INTERNATIONAL CENTER FOR HIGHER LEARNING, THE CLARK IS DRIVEN BY A STRONG COMMITMENT TO THE GENERATION OF IDEAS AND A DISTINCT FOCUS ON EDUCATION. THE CLARK'S RESEARCH AND ACADEMIC PROGRAM ENCOURAGES FRESH APPROACHES TO ADVANCING CRITICAL PERSPECTIVES IN THE VISUAL ARTS. CLARK FELLOWS - CONSIDERED TO BE PROMISING AND ESTABLISHED SCHOLARS AND PRACTITIONERS IN THE VISUAL ARTS - FOSTER INTELLECTUAL DIALOGUE AND INQUIRY IN THE THEORY, HISTORY, AND INTERPRETATION OF VISUAL CULTURE. CONFERENCES, SYMPOSIA, A PODCAST, AND ONLINE LECTURES FOCUS ON VITAL TOPICS IN THE FIELD AND ADDRESS QUESTIONS THAT CONTRIBUTE TO A BROADER PUBLIC UNDERSTANDING OF THE ROLE OF VISUAL CULTURE. THE CLARK'S ART RESEARCH LIBRARY, ONE OF THE LARGEST IN THE COUNTRY, SERVES BOTH SCHOLARS AND THE PUBLIC. SINCE ITS INCEPTION IN THE EARLY 1960S, THE LIBRARY COLLECTION HAS GROWN FROM ITS BASE - THE ROBERT STERLING CLARK COLLECTION OF ILLUSTRATED RARE BOOKS - TO ENCOMPASS OVER 295,320 VOLUMES IN OVER 72 LANGUAGES. THE LIBRARY'S OPEN AND CLOSED STACKS AND PROFESSIONAL STAFF ENSURE THAT MATERIALS ARE READILY AVAILABLE TO ALL PATRONS. IN COOPERATION WITH WILLIAMS COLLEGE, THE CLARK OFFERS A MASTERS' PROGRAM IN THE HISTORY OF ART, CONSIDERED TO BE ONE OF THE FINEST IN THE COUNTRY. THE PROGRAM DRAWS UPON THE RICH RESOURCES OF THE CLARK AND WILLIAMS TO PREPARE GRADUATE STUDENTS FOR RESEARCH AND FURTHER STUDY IN THE ACADEMIC AND MUSEUM WORLDS. 18278560 500000 1240717 SEE SCHEDULE O FOR MUSEUM PROGRAM ACCOMPLISHMENTS.MUSEUM PROGRAM ACCOMPLISHMENTS: SINCE ITS FOUNDING IN 1950, THE CLARK'S COLLECTION HAS CONTINUED TO GROW, NOW CONSISTING OF OVER 10,000 OBJECTS, INCLUDING OVER 500 PAINTINGS AND SIGNIFICANT HOLDINGS OF WORKS ON PAPER AND DECORATIVE ARTS. THE COLLECTION FEATURES EUROPEAN AND AMERICAN PAINTINGS, SCULPTURE, PRINTS, DRAWINGS, PHOTOGRAPHS, AND DECORATIVE ARTS FROM THE RENAISSANCE TO THE EARLY TWENTIETH CENTURY. THE COLLECTION IS ESPECIALLY RICH IN FRENCH IMPRESSIONIST AND ACADEMIC PAINTINGS, BRITISH OIL SKETCHES, DRAWINGS, AND SILVER, AND THE WORK OF AMERICAN ARTISTS WINSLOW HOMER, GEORGE INNESS, AND JOHN SINGER SARGENT. BASED ON THE FOUNDING GIFT FROM STERLING AND FRANCINE CLARK, THE COLLECTION HAS EXPANDED OVER THE YEARS THROUGH NUMEROUS ACQUISITIONS AS WELL AS SIGNIFICANT GIFTS AND BEQUESTS, INCLUDING THE GIFT OF SIR EDWIN AND LADY MANTON COLLECTION OF BRITISH ART AND THE GIFT OF GEORGE INNESS PAINTINGS BY FRANK AND KATHERINE MARTUCCI.THE CLARK ALSO ORGANIZES SPECIAL EXHIBITIONS IN COOPERATION WITH LEADING MUSEUMS IN THE UNITED STATES AND EUROPE. RECENT EXHIBITIONS INCLUDE: TOMM EL-SAIEH: IMAGINARY CITY (WINTER 2022/2023), AS THEY SAW IT: ARTISTS WITNESSING WAR (SPRING 2022), RODIN IN THE UNITED STATES: CONFRONTING THE MODERN (SUMMER 2022), TAUBA AUERBACH AND YUJI AGEMATSU: MEANDER (SUMMER/FALL 2022), JOSE GUADALUPE POSADA: SYMBOLS, SKELETONS AND SATIRE (SUMMER/FALL 2022), ON THE HORIZON: ART AND ATMOSPHERE IN THE NINETEENTH-CENTURY (FALL 2022/WINTER 2023), PROMENADES ON PAPER: EIGHTEENTH-CENTURY FRENCH DRAWINGS FROM THE BIBLIOTHEQUE NATIONALE DE FRANCE (WINTER 2022/2023), PRINTED RENAISSANCE (SUMMER 2023/FALL 2023), HUMANE ECOLOGY (SUMMER 2023/FALL 2023), PORTALS: THE VISIONARY ARCHITECTURE OF PAUL GOESCH (SPRING 2023/SUMMER 2023), EDVARD MUNCH: TREMBLING EARTH (SUMMER 2023/FALL 2023), AND ELIZABETH ATTERBURY-ORACLE BONES (WINTER 2023/WINTER 2024). UPCOMING EXHIBITIONS INCLUDE: 50 YEARS AND FORWARD-BRITISH PRINTS AND DRAWINGS ACQUISITIONS (FALL 2023/WINTER 2024), 50 YEARS AND FORWARD: WORKS ON PAPER ACQUISITIONS (WINTER 2023/SPRING 2024), DAVID-JEREMIAH: I DRIVE THEE (WINTER 2024/WINTER 2025) AND PAPER CITIES (SPRING 2024/SUMMER 2024).MAJOR EXHIBITIONS ARE AUGMENTED BY WEB-BASED MICROSITES, GENERAL AND CUSTOMIZED GALLERY TALKS, MULTIMEDIA GUIDES, IN-GALLERY INTERPRETIVE MATERIALS, LECTURES, AND FILM SERIES. SEASONAL FAMILY DAYS, SUMMER OUTDOOR BAND CONCERTS, FALL AND WINTER ART COURSES, AND MUSIC PERFORMANCES FURTHER THE CLARK'S EFFORT TO INVOLVE INTERGENERATIONAL AUDIENCES AND SUPPORT LIFELONG LEARNING. THE CLARK HAS A ROBUST DIGITAL PROGRAMMING INITIATIVE INCLUDING LIVESTREAMED AND PRE-RECORDED PROGRAMS ENCOMPASSING LECTURES, CONVERSATIONS WITH ARTISTS AND ART HISTORIANS, AND MUSICAL PERFORMANCES; EDUCATION PROGRAMS AND ACTIVITY SHEETS; AND A PODCAST SERIES. CLARK SOCIAL MEDIA PLATFORMS HAVE A COMBINED FOLLOWING OF MORE THAN 79,000, AND THE CLARK WEBSITE RECEIVES MORE THAN 1.7 MILLION UNIQUE PAGEVIEWS ANNUALLY.SPECIAL EFFORTS TO ENHANCE ACCESS TO THE CLARK INCLUDE FREE ADMISSION FOR CHILDREN AND STUDENTS AT ALL TIMES, A FREE PASS PROGRAM OFFERED THROUGH OVER 140 REGIONAL LIBRARIES, AND PARTICIPATION IN THE CARD-TO-CULTURE PROGRAM, WHICH PROVIDES FREE ADMISSION TO ANYONE WITH AN EBT CARD, AS WELL AS PROVIDING FREE ADMISSION TO ACTIVE MEMBERS OF THE MILITARY. FREE ADMISSION FOR ALL, HELD IN JANUARY-MARCH, FIRST SUNDAYS FREE, HELD OCTOBER-DECEMBER AND APRIL-MAY, AS WELL AS COMMUNITY DAY AND OTHER SPECIAL COMMUNITY PROGRAMMING - FREE EVENTS WHICH INCLUDE MUSEUM ADMISSION, FAMILY-FRIENDLY GALLERY TOURS, PERFORMANCES, AND HANDS-ON ACTIVITIES THAT ATTRACT OVER 10,000 VISITORS ANNUALLY, INCLUDING MANY LOCAL FAMILIES WHO WOULD OTHERWISE NOT VISIT. 1422759 8134 SEE SCHEDULE O FOR EDUCATIONAL PROGRAM ACCOMPLISHMENTS.EDUCATIONAL PROGRAM ACCOMPLISHMENTS: THE CLARK CONDUCTS A FULL SERIES OF EDUCATIONAL PROGRAMS FOR THE GENERAL PUBLIC DESIGNED TO ENCOURAGE A WIDE RANGE OF AUDIENCES TO EXPLORE, UNDERSTAND, AND ENJOY THE VISUAL ARTS IN GENERAL AND THE CLARK'S COLLECTIONS IN PARTICULAR. THESE OFFERINGS INCLUDE GUIDED GALLERY TOURS, FAMILY ACTIVITY GUIDES, AND COMMUNITY EVENTS DESIGNED FOR DIFFERENT AGES AND STAGES. DIGITAL AND WEB-BASED PROGRAMMING IS CREATED FOR GENERAL AUDIENCES AND SCHOOL AUDIENCES (INCLUDING CURRICULAR SUPPORT RESOURCES); THESE PROGRAMS ARE UPDATED REGULARLY. RECENTLY, TWO INTERACTIVE INSTALLATIONS FOR INDEPENDENT VISITOR ACTIVITY AND LEARNING WERE DEVELOPED, INCLUDING ART LAB, A SPACE THAT ENCOURAGES EXPLORATION OF A VARIETY OF ART CONCEPTS FOR ALL AGES AND A POSTCARD STATION, WHERE PEOPLE CAN MAKE, WRITE AND SEND A POSTCARD TO SOMEONE THEY KNOW. THE CLARK'S PEDAGOGY EMPHASIZES INTERACTIVE ENGAGEMENT AND CONVERSATION RATHER THAN THE MORE TRADITIONAL ONE-WAY FLOW OF INFORMATION FROM PRESENTER TO AUDIENCE. THIS ENGAGEMENT APPROACH IS DESIGNED TO BE FLEXIBLE, SO AS TO RESPOND TO THE DIFFERENT NEEDS AND DESIRES OF DIFFERENT AUDIENCES, AND IT ENCOURAGES CULTURAL, SOCIAL, AND HISTORICAL AWARENESS THAT CARRIES BEYOND A PARTICULAR WORK OF ART AND/OR ANY ONE PERSPECTIVE. THE CLARK'S GOAL IS TO PROVIDE A DYNAMIC AND MEANINGFUL EXPERIENCE FOR THE MUSEUM VISITOR. 24878007 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 140 0 1 184 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 18 18 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MA NY X ROBIN T SHER CHIEF FINANCIAL OFFICER AND CLERK 4134582303 225 SOUTH ST WILLIAMSTOWN MA 012672878 MAUD MANDEL WILLIAMS COLLEGE, EX OFFICIO 1.00 40.00 X 0 613569 196735 OLIVIER B MESLAY DIRECTOR & EX OFFICIO 40.00 0.00 X 464701 0 151698 LAWRENCE M SMALLWOOD JR DEPUTY DIRECTOR & CLERK (PARTIAL) 40.00 0.00 X 228579 0 9413 CAROLINE O FOWLER DIRECTOR OF RESEARCH / ACADEMIC PROG 40.00 6.00 X 148202 55520 19756 ESTHER S BELL DEPUTY DIRECTOR & CHIEF CURATOR 40.00 0.00 X 200093 0 14924 DAPHNE BIRDSEY CHIEF ADVANCEMENT OFFICER 40.00 0.00 X 207271 0 3251 KATHLEEN MARIE MORRIS MARX DIRECTOR COLLECTIONS/EXHIBITIONS 40.00 0.00 X 163281 0 46992 VICTORIA T SALTZMAN DIRECTOR OF COMMUNICATIONS 40.00 0.00 X 155571 0 42680 WILLIAM J POWERS DIRECTOR OF FACILITIES 40.00 0.00 X 141384 0 43227 ROBIN T SHER CHIEF FINANCIAL OFFICER AND CLERK 40.00 0.00 X 158688 0 21419 GLENN BARNES TRUSTEE 1.00 0.00 X 0 0 0 MAUREEN FENNESSY BOUSA TRUSTEE 1.00 0.00 X 0 0 0 SANDRA L BURTON TRUSTEE 1.00 0.00 X 0 0 0 PATRICK J LANDERS TRUSTEE 1.00 0.00 X 0 0 0 ELIZABETH B LEE TRUSTEE 1.00 0.00 X 0 0 0 GLENN D LOWRY TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL R LYNCH TRUSTEE 1.00 0.00 X 0 0 0 DORIS FISCHER MALESARDI TRUSTEE 1.00 0.00 X 0 0 0 FRANK MARTUCCI TRUSTEE 1.00 0.00 X 0 0 0 PAUL R PROVOST TRUSTEE 1.00 0.00 X 0 0 0 AMY ENGEL SCHARF TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM C SCHMIDT TRUSTEE 1.00 0.00 X 0 0 0 ROBERT G SCOTT TRUSTEE 1.00 0.00 X 0 0 0 HELGE WEINER-TRAPNESS TRUSTEE 1.00 0.00 X 0 0 0 DENISE LITTLEFIELD SOBEL CHAIR 4.00 0.00 X X 0 0 0 PAUL NEELY VICE CHAIR 4.00 0.00 X X 0 0 0 SCOTT SCHWEIGHAUSER TREASURER 4.00 0.00 X X 0 0 0 1867770 669089 550095 11 0 1 0 SECURITAS SECURITY SERVICES PO BOX 403412 ATLANTA GA 30384 SECURITY SERVICES 1523480 GEARY BUILDERS 60 PRINTWORKS DR ADAMS MA 01220 GENERAL CONSTRUCTION 273345 UNITED ELEVATOR COMPANY INC 165 ENTERPRISE DR MARSHFIELD MA 02050 ELEVATOR MAINTENANCE 194429 COMMUNITY COUNSELLING SERVICE CO LLC PO BOX 824885 PHILADELPHIA PA 19182 FUNDRAISING 176356 BECURIOU TRAVEL TJUVHOLMEN ALLE 17 OSLO NO 0250 TRAVEL CONSULTANT 166709 9 X 1292585 650000 5787816 61793 7730401 MUSEUM PROGRAMS 900099 1240717 1240717 EDUCATION 900099 8134 8134 1248851 1815109 1815109 61583 3500 71416 0 -9833 3500 -6333 -6333 869454 932883 -63429 -63429 10724599 1248851 -63429 1808776 500000 500000 274000 274000 1146736 965404 181332 6923737 5321599 985816 616322 491134 369647 79358 42129 1000092 866281 78588 55223 544366 373334 120078 50954 351417 346905 4512 50087 43672 6415 52012 52012 349230 349230 753809 753809 118813 104516 14297 394763 387629 7134 459398 240905 183061 35432 441250 247691 151977 41582 8948 8948 2306912 2049544 204941 52427 307982 142568 144361 21053 798621 478962 59830 259829 2459165 2459165 6983094 6609999 297094 76001 573361 220604 352757 SECURITY SERVICES 1636864 1631407 920 4537 EXHIBITIONS/OTHER PROG 1543546 1543546 OTHER CONTRACTED SVCS 530705 198644 316829 15232 PRINTING/PUBLICATIONS 414107 365359 11821 36927 136754 136754 31550903 24878007 4828271 1844625 3261643 2925915 1385860 1396574 2144898 734090 134159 123895 328317 366986 271952 382049 257264261 79280286 183850660 177983975 470551495 460184831 8438368 13593222 670367352 657691537 2990632 3107548 81807876 78693433 222664 929255 85021172 82730236 X 418354423 405597939 166991757 169363362 585346180 574961301 670367352 657691537 X -20826304 10201385 240040 X 0 1 X 1 0 X X 1 WILLIAMS COLLEGE 042104847 2 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 144589739 0 2946499 5493089 142043149 163764923 40191 -14017387 5197992 144589735 123350798 100000 44510510 4196385 163764923 110863760 15068990 1587483 4169435 123350798 107385457 431000 7039022 3991719 110863760 0.00000 1.00000 0.00000 0 1 1 1472802 1472802 245058850 70595153 174463697 74094 74094 0 9874066 8611039 1263027 784449 784449 177983975 REAL ESTATE 3248045 F INSTITUTIONAL MONEY MARKET FUNDS 12946831 F PRIVATE - OFFSHORE 2723378 F BENEFICIAL INTEREST HELD BY RELATED ORGANIZATION 441266577 F 460184831 RIGHT OF USE LIABILITIES 204363 OTHER LONG-TERM LIABILITIES 724892 929255 X 20172175 10201385 10201385 9970790 753809 753809 10724599 33305397 2508303 2508303 30797094 753809 753809 31550903 PART III, LINE 1A: AUDITED FINANCIAL STATEMENTS NOTE REGARDING ART AND LIBRARY COLLECTIONS AND DEACCESSION: THE ART AND LIBRARY COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE CLARK'S INCEPTION, ARE INCLUDED AS AN ASSET ON THE STATEMENT OF FINANCIAL POSITION VALUED AT A $1 AND ARE NOT RECOGNIZED ON THE STATEMENT OF FINANCIAL POSITION AS PERMITTED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA AND IN CONFORMITY WITH THE PRACTICE FOLLOWED BY MANY MUSEUMS. PURCHASED COLLECTION ITEMS ARE REPORTED AS NON-OPERATING ITEMS WHICH DECREASE NET ASSETS WITHOUT DONOR RESTRICTIONS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED, OR IN NET ASSETS WITH DONOR RESTRICTIONS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. CONTRIBUTED COLLECTION ITEMS ARE EXCLUDED FROM THE FINANCIAL STATEMENTS. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERY ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. THE ACQUISITION, ACCESSIONING, DEACCESSIONING, CARE, AND LOANS OF WORKS IN THE COLLECTIONS ARE CONDUCTED IN A MANNER THAT CONFORMS TO THE CLARK'S MISSION, COMPLIES WITH APPLICABLE LAW, AND CONFORMS TO THE AAM CODE OF ETHICS FOR MUSEUMS. DEACCESSIONING OF WORKS IN THE COLLECTIONS IS CONDUCTED IN ACCORDANCE WITH THE AAMD POLICY ON DEACCESSIONING AND THE CLARK'S BOARD-APPROVED COLLECTIONS MANAGEMENT POLICY. THE PURPOSE OF REMOVING WORKS OF ART FROM THE PERMANENT COLLECTION THROUGH SALE, EXCHANGE, OR OTHER MEANS IS SOLELY FOR THE ADVANCEMENT OF THE CLARK'S MISSION AND TO STRENGTHEN THE COLLECTION THROUGH THE ACQUISITION OF MORE RELEVANT AND MEANINGFUL WORKS FOR THE PERMANENT COLLECTION. THEREFORE, ANY ASSETS ACCRUED THROUGH DEACCESSIONING SHALL BE EMPLOYED ONLY TO ACQUIRE ADDITIONAL ACCESSIONED WORKS OF ART. THE CLARK'S POLICY IS TO MAINTAIN AND CONTINUE TO ACQUIRE SIGNIFICANT, RELEVANT AND MEANINGFUL WORKS OF ART FOR ITS COLLECTION AND BOOKS FOR ITS LIBRARY. EACH ITEM IS CATALOGED, PROTECTED, SECURED, PRESERVED, AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE CONTINUOUSLY PERFORMED. PART III, LINE 4: DESCRIPTION OF ORGANIZATION'S COLLECTIONS AND HOW THEY FURTHER THE ORGANIZATION'S EXEMPT PURPOSE: INTRODUCTION THE STERLING AND FRANCINE CLARK ART INSTITUTE IS AN ART MUSEUM AND INTERNATIONAL CENTER FOR RESEARCH AND HIGHER EDUCATION IN THE VISUAL ARTS. IN ADDITION TO ITS RECOGNIZED COLLECTIONS OF EARLY MODERN, IMPRESSIONIST, AND NINETEENTH-CENTURY EUROPEAN AND AMERICAN ART, DISPLAYED IN A SERIES OF INTIMATE GALLERIES, THE CLARK ORGANIZES CRITICALLY ACCLAIMED SPECIAL EXHIBITIONS THAT APPEAL TO A WIDE RANGE OF AUDIENCES AND ADVANCE NEW IDEAS. THE CLARK'S RESEARCH AND ACADEMIC PROGRAM OFFERS FELLOWSHIPS TO RENOWNED INTERNATIONAL SCHOLARS AND MUSEUM PROFESSIONALS, PRESENTS REGULAR CONFERENCES AND SYMPOSIA, AND IS SUPPORTED BY ONE OF THE MOST COMPREHENSIVE ART HISTORY LIBRARIES IN THE WORLD. TOGETHER WITH WILLIAMS COLLEGE, THE CLARK JOINTLY SPONSORS ONE OF THE NATION'S MOST RESPECTED MASTER'S DEGREE PROGRAMS IN ART HISTORY. HISTORY AND MISSION STERLING AND FRANCINE CLARK ESTABLISHED THE CLARK ART INSTITUTE IN 1950 AND OPENED THE MUSEUM IN 1955, ENVISIONING A DISTINCTIVE ART MUSEUM DEDICATED TO ADVANCING AND EXTENDING THE PUBLIC UNDERSTANDING OF ART THAT WOULD BE ENHANCED BY ITS SETTING IN A PASTORAL LANDSCAPE. SINCE ITS FOUNDING, THE CLARK HAS ADDED A RESEARCH AND ACADEMIC PROGRAM, INCLUDING AN INTERNATIONAL FELLOWSHIP PROGRAM OFFERING A FULL SCHEDULE OF CONFERENCES, COLLOQUIA, AND SYMPOSIA, AND CREATED A GROWING EXHIBITION PROGRAM. THE CLARK BENEFITS FROM AN INCREASED INTERNATIONAL PROFILE AS A RESULT OF PARTNERSHIPS WITH INSTITUTIONS AROUND THE WORLD. PROGRAMMING THE MUSEUM PROGRAM: THE STERLING AND FRANCINE CLARK ART INSTITUTE'S MUSEUM PROGRAM CONTINUES TO GROW ITS COLLECTIONS AND MOUNT AMBITIOUS EXHIBITIONS. THE CORE COLLECTION OF EXCEPTIONAL EARLY MODERN PAINTINGS, FRENCH IMPRESSIONIST WORKS, AMERICAN MASTERWORKS BY ARTISTS INCLUDING WINSLOW HOMER AND JOHN SINGER SARGENT, AND ENGLISH SILVER CONTINUES TO DRAW AUDIENCES FROM AROUND THE WORLD. THE CLARK HAS ALSO BECOME KNOWN FOR ITS IMPRESSIVE COLLECTION OF PRINTS AND DRAWINGS, WHICH SPAN THE SCOPE AND BREADTH OF THE PAINTING COLLECTION AND FEATURE ARTISTS RANGING FROM ALBRECHT DRER TO HENRI DE TOULOUSE-LAUTREC. MORE RECENTLY THE CLARK HAS ASSEMBLED A NOTABLE COLLECTION OF MASTER PHOTOGRAPHS, INCLUDING WORKS BY ARTISTS FROM GUSTAVE LE GRAY AND NADAR TO JULIA MARGARET CAMERON AND ALFRED STIEGLITZ. THOUGH THE COLLECTION HAS GROWN AND EXPANDED, DISPLAY OF THE CLARK'S WORKS HAS REMAINED TRUE TO THE INTENTIONS OF ITS FOUNDERS, EXHIBITED IN INTIMATE GALLERIES WITH A DOMESTIC REFINEMENT AND SCALE THAT FOSTERS INDIVIDUAL CONTEMPLATION AND ENGAGEMENT. THE CLARK'S SPECIAL EXHIBITIONS PROGRAM IS NOT CONFINED TO THE PARAMETERS OF ITS PERMANENT COLLECTION: WHILE PROJECTS ARE OFTEN DRAWN FROM OR INSPIRED BY THAT COLLECTION, THE CLARK ORGANIZES EXHIBITIONS ON A WIDE RANGE OF ARTISTS AND TIME PERIODS. ADVANCE RESEARCH AND HIGHER EDUCATION: RESEARCH LIBRARY THE CLARK'S ART RESEARCH LIBRARY, ONE OF THE LARGEST IN THE COUNTRY, SERVES BOTH SCHOLARS AND THE PUBLIC. SINCE ITS INCEPTION IN THE EARLY 1960S, THE LIBRARY COLLECTION HAS GROWN FROM ITS BASE - THE ROBERT STERLING CLARK COLLECTION OF ILLUSTRATED RARE BOOKS - TO ENCOMPASS MORE THAN 295,320 VOLUMES. THE LIBRARY'S OPEN STACKS AND ACCESSIBLE PROFESSIONAL STAFF ENSURE THAT MATERIALS ARE READILY AVAILABLE TO ALL PATRONS. GRADUATE PROGRAM IN THE HISTORY OF ART IN COOPERATION WITH WILLIAMS COLLEGE, THE CLARK OFFERS THE COUNTRY'S LEADING MASTER'S DEGREE PROGRAM IN THE HISTORY OF ART. THE PROGRAM DRAWS UPON THE RICH RESOURCES OF BOTH THE CLARK AND WILLIAMS TO PREPARE GRADUATE STUDENTS FOR RESEARCH AND FURTHER STUDY IN THE ACADEMIC AND MUSEUM WORLDS. PART V, LINE 4: INTENDED USE OF ENDOWMENT FUNDS: THE CLARK'S ENDOWMENT CONSISTS OF A NUMBER OF INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THESE FUNDS INCLUDE THE ORIGINAL ENDOWMENT ESTABLISHED BY THE FOUNDERS, THE INCOME FROM WHICH IS EXPENDABLE TO FUND THE GENERAL OPERATIONS OF THE CLARK. OTHER ENDOWMENT FUNDS PROVIDE INCOME FOR THE SUPPORT OF SPECIFIC PROGRAMS AND ACTIVITIES OF THE CLARK. PART X, LINE 2: FASB ASC 740 FINANCIAL STATEMENTS FOOTNOTE RELATED TO UNCERTAIN TAX POSITIONS: MANAGEMENT HAS EVALUATED SIGNIFICANT TAX POSITIONS AGAINST THE CRITERIA ESTABLISHED BY PROFESSIONAL STANDARDS AND BELIEVES THERE ARE NO SUCH TAX POSITIONS REQUIRING ACCOUNTING RECOGNITION. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES 753,809. PART XII, LINE 2D - OTHER ADJUSTMENTS: PURCHASED WORKS OF ART AND LIBRARY COLLECTIONS 2,508,303. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES 753,809. CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES CULTURAL EXCHANGE 1369 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES CULTURAL EXCHANGE 56452 NORTH AMERICA 0 0 PROGRAM SERVICES CULTURAL EXCHANGE 11474 0 0 0 0 0 0 69295 0 69295 0 0 0 0 0 0 PART III ACCOUNTING METHOD: PART I, LINE 3 THESE EXPENDITURES HAVE BEEN REPORTED ON THE SAME METHOD OF ACCOUNTING AS USED IN THE CLARK'S FINANCIAL STATEMENTS, WHICH IS THE ACCRUAL BASIS. X X X X X X 1 COMMUNITY COUNSELLING CO LLC PO BOX 824885 PHILADELPHIA PA 19182 FUNDRAISING COUNSEL 0 0 347912 -347912 347912 -347912 MA NY 1 WILLIAMSTOWN FIRE DEPARTMENT 34 WATER ST WILLIAMSTOWN MA 01267 042931280 500000 0 CONTRIBUTION TO NEW FIRE STATION. 1 STIPENDS FOR SCHOLARLY RESEARCH IN THE VISUAL ARTS 10 266000 STIPENDS FOR GRADUATE WORK IN ART CONSERVATION 2 8000 PART I, LINE 2: ORGANIZATION'S PROCEDURES FOR MONITORING USE OF GRANT FUNDS IN THE U.S: ALL DISBURSEMENTS MADE BY THE INSTITUTE IN FURTHERANCE OF ITS MISSION ARE REVIEWED AND APPROVED BY AUTHORIZED INDIVIDUALS OR COMMITTEES. SCHOLARS ARE SELECTED FROM A POOL OF APPLICANTS BY A DISTINGUISHED 7-MEMBER JURY WITH EXPERTISE IN THE FIELD. RECIPIENTS OF STIPENDS ENGAGE IN SCHOLARLY RESEARCH, DELIVER A PUBLIC LECTURE BASED ON THEIR RESEARCH PROJECT, AND PARTICIPATE IN ACADEMIC PROGRAMS DURING THEIR RESIDENCIES AND ARE MONITORED AND FACILITATED BY THE INSTITUTE'S DIRECTOR OF RESEARCH AND ACADEMIC PROGRAMS. RECIPIENTS OF STIPENDS FOR GRADUATE WORK IN ART CONSERVATION ARE REQUIRED TO BE WILLIAMS COLLEGE ART HISTORY GRADUATE STUDENTS. THE GRADUATE STUDENTS PARTICIPATE IN AN ART CONSERVATION PROJECT REQUIRING BOTH A WRITTEN REPORT AND LECTURE FOR THE PROJECT AND ARE MONITORED BY THE INSTITUTE'S DEPUTY DIRECTOR & CHIEF CURATOR AND DIRECTOR OF EXHIBITIONS, COLLECTIONS, & CURATOR OF DECORATIVE ARTS PART II GRANTS AND ASSISTANCE TO OTHER DOMESTIC ORGANIZATIONS: AS A COMMUNITY PARTNER, THE CLARK PLEDGED $500,000, TO BE PAID OVER FIVE YEARS, IN SUPPORT OF THE ESTABLISHMENT OF A NEW FIRE STATION BY THE WILLIAMSTOWN FIRE DISTRICT IN WILLIAMSTOWN, MASSACHUSETTS. X 1 1 X X X X X X 0 1 0 0 0 0 0 0 0 MAUD MANDEL WILLIAMS COLLEGE, EX OFFICIO 0 597140 0 0 0 16429 0 134361 0 62374 0 810304 0 0 OLIVIER B MESLAY DIRECTOR & EX OFFICIO 403681 0 40000 0 21020 0 140500 0 11198 0 616399 0 0 0 LAWRENCE M SMALLWOOD JR DEPUTY DIRECTOR & CLERK (PARTIAL) 206112 0 0 0 22467 0 8477 0 936 0 237992 0 0 0 CAROLINE O FOWLER DIRECTOR OF RESEARCH / ACADEMIC PROG 148022 55520 0 0 180 0 10536 0 9220 0 167958 55520 0 0 ESTHER S BELL DEPUTY DIRECTOR & CHIEF CURATOR 199824 0 0 0 269 0 13988 0 936 0 215017 0 0 0 DAPHNE BIRDSEY CHIEF ADVANCEMENT OFFICER 207271 0 0 0 0 0 2315 0 936 0 210522 0 0 0 KATHLEEN MARIE MORRIS MARX DIRECTOR COLLECTIONS/EXHIBITION 161705 0 0 0 1576 0 17212 0 29780 0 210273 0 0 0 VICTORIA T SALTZMAN DIRECTOR OF COMMUNICATIONS 154096 0 0 0 1475 0 16295 0 26385 0 198251 0 0 0 WILLIAM J POWERS DIRECTOR OF FACILITIES 128236 0 12000 0 1148 0 13820 0 29407 0 184611 0 0 0 ROBIN T SHER CHIEF FINANCIAL OFFICER AND CLERK 157824 0 0 0 864 0 11246 0 10173 0 180107 0 0 0 PART I, LINE 1A WHEN EMPLOYEES ARE PAID FOR MOVING EXPENSES THE PAY IS GROSSED UP TO MATCH THEIR APPROVED AMOUNT. 8 EMPLOYEES WERE PAID FOR MOVING EXPENSES DURING FY23. PART I, LINE 4B PARTICIPATION IN SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: THE DIRECTOR PARTICIPATES IN A SECTION 457(F) SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN. DURING THE CALENDAR YEAR 2022, THE CLARK CONTRIBUTED $110,000 TO THE PLAN. THIS AMOUNT IS INCLUDED ON FORM 990, PART VII, COLUMN (F) AND ON SCHEDULE J, PART II, COLUMN (C). A MASS DEVELOPMENT FINANCE AGENCY 043431814 57584XBG5 2015-08-19 22731813 2006 ADV REFUND 0 0 0 B MASS DEVELOPMENT FINANCE AGENCY 043431814 57584XB83 2016-11-22 62830138 2010(PARTIAL) & 2011 ADV REFUND 0 0 0 C MASS DEVELOPMENT FINANCE AGENCY 043431814 NONEAVAIL 2022-05-25 15370000 2022 TAX-EXEMPT REFUNDING OF SERIES 2016 STEPPED COUPON BONDS 0 0 0 A 22731813 309574 22422239 2015 0 1 1 1 B 19685000 62830138 668097 62162041 2016 0 1 1 1 C 15370000 175000 15195000 2022 1 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 A 0 0 1 0 0 0 0 0 0 B 0 0 1 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 A 0 B 0 C 0 X 8 0 X 0 X 3 61793 AVG FMV ON TRANSFER 3 0 1 1 PART I, LINE 32B: USE OF THIRD-PARTIES TO SOLICIT, PROCESS, OR SELL NON-CASH CONTRIBUTIONS: THE CLARK USES A CUSTODIAL BANK TO RECEIVE GIFTS OF PUBLICLY TRADED SECURITIES, WHICH ARE SOLD UPON RECEIPT. PART I, LINE 33: PROPERTY ON SCH. M NOT REPORTED IN REVENUES: THE CLARK ELECTED, AS PERMITTED UNDER ASC 958-360-25, NOT TO REPORT IN ITS FINANCIAL STATEMENTS WORKS OF ART AND LIBRARY COLLECTIONS HELD FOR PUBLIC EXHIBITION, EDUCATION OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS POWER TO ELECT OR APPOINT TO THE GOVERNING BODY: THE BY-LAWS OF THE INSTITUTE, AS AMENDED AUGUST 8, 2020, PROVIDE THAT AT ALL TIMES THE MAJORITY OF THE TRUSTEES OF THE INSTITUTE SHALL BE ELECTED BY THE TRUSTEES OF WILLIAMS COLLEGE. IN ADDITION, THE BY-LAWS PROVIDE THAT THE PRESIDENT OF WILLIAMS COLLEGE SHALL BE A MEMBER OF THE BOARD OF TRUSTEES OF THE INSTITUTE DURING HIS OR HER TERM OF SERVICE AS PRESIDENT OF THE COLLEGE. THE BY-LAWS FURTHER PROVIDE THAT THE BOARD OF TRUSTEES OF THE INSTITUTE SHALL APPOINT, AS CHIEF EXECUTIVE OFFICER OF THE INSTITUTE, A DIRECTOR WHO SHALL BE AN EX-OFFICIO MEMBER OF THE BOARD. THE BY-LAWS AND ARTICLES OF THE INSTITUTE MAY BE AMENDED BY THE MEMBERS OF THE INSTITUTE. THE BY-LAWS PROVIDE FURTHER THAT THOSE ELECTED AS TRUSTEES, WHETHER BY THE MEMBERSHIP OF THE TRUSTEES OF WILLIAMS COLLEGE, ARE ALSO ELECTED IPSO FACTO AS MEMBERS OF THE INSTITUTE AND THAT ADDITIONAL MEMBERS MAY BE ELECTED FROM TIME TO TIME BY VOTE OF THE MEMBERS OR BY THE TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B GOVERNANCE DECISIONS RESERVED TO MEMBERS: THE SELECTION OF THE AUDITING FIRM IS RECOMMENDED BY THE GOVERNING BODY AND APPROVED BY THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS: MANAGEMENT SUBMITS A DRAFT OF THE INTERNAL REVENUE SERVICE (IRS) 990 FORM TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR INITIAL REVIEW AND COMMENTS. AFTER MEETING THEIR APPROVAL, THE AUDIT COMMITTEE THEN SUBMITS THE 990 FORM TO THE BOARD OF TRUSTEES FOR FINAL REVIEW AND APPROVAL BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT-OF-INTEREST POLICY PROCEDURES: ANNUALLY, THE CLARK REQUIRES OFFICERS, TRUSTEES AND SENIOR MANAGERS TO COMPLETE A CONFLICT-OF-INTEREST STATEMENT WHICH IS DESIGNED TO DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST, INCLUDING MATERIAL AFFILIATIONS, AND DIRECT OR INDIRECT RELATIONSHIPS. THESE STATEMENTS ARE REVIEWED TO ASCERTAIN THAT NO MATERIAL CONFLICTS EXIST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCEDURES: THE EXECUTIVE COMMITTEE, PERFORMING THE DUTIES OF A COMPENSATION COMMITTEE, MEETS ANNUALLY TO DISCUSS DIRECTOR'S COMPENSATION MATTERS. DURING THE TERM OF THE DIRECTOR'S EMPLOYMENT CONTRACT, THE COMMITTEE ENGAGES APPROPRIATE INFORMATION TO ASSESS THE COMPETITIVENESS AND REASONABLENESS OF THE DIRECTOR'S COMPENSATION PACKAGE TO THE EXTENT DEEMED NECESSARY OR APPROPRIATE. A CONSULTING FIRM WAS ENGAGED TO UTILIZE COMPENSATION SURVEYS AND OTHER MATERIAL TO ALLOW COMPARATIVE ANALYSIS WITH SIMILAR INSTITUTIONS. THE RESULTS OF THE ANALYSIS WERE USED BY THE CHAIR OF THE COMMITTEE TO NEGOTIATE A WRITTEN CONTRACT WITH THE DIRECTOR. ANNUALLY, THE COMMITTEE RECOMMENDS TO THE TRUSTEES OF THE BOARD ANY ADDITIONAL COMPENSATION BEYOND THE DIRECTOR'S WRITTEN CONTRACT FOR FINAL APPROVAL. THE COMMITTEE ALSO REVIEWS AND APPROVES THE DIRECTOR'S RECOMMENDATION FOR COMPENSATION LEVELS FOR CERTAIN OTHER SENIOR MANAGEMENT POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC ACCESS TO GOVERNING DOCUMENTS, CONFLICT-OF-INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS: THE CLARK PROVIDES COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT-OF-INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS TO THE PUBLIC UPON WRITTEN REQUEST. AUDITED FINANCIAL STATEMENTS ARE ALSO PUBLISHED ON THE CLARK'S WEBSITE, WWW.CLARKART.EDU. FORM 990, PART I, LINE 10 AND PART VIII, LINES 3, 4, AND 7D INVESTMENT INCOME: INVESTMENT INCOME INCLUDES INTEREST, DIVIDENDS, AND REALIZED GAINS (LOSSES) FROM PUBLICLY TRADED SECURITIES AND COMMODITIES REPORTED IN PART X, LINE 11. FOLLOWING THE TRANSFER OF THE CLARK'S INVESTMENTS TO THE SUPPORTED ORGANIZATION'S INVESTMENT POOL, INVESTMENT INCOME IN THE INVESTMENT POOL IS REPORTED AS UNREALIZED GAINS/(LOSSES) IN PART XI, LINE 5. FORM 990, PART XI, LINE 9: PRIOR PERIOD ADJUSTMENT - CRT VALUE RESTATED 2,748,343. COLLECTION ITEMS PURCHASED -2,508,303. WILLIAMS COLLEGE 880 MAIN STREET WILLIAMSTOWN MA 01267 042104847 UNDERGRADUATE EDUCATION MA 501(C)(3) LINE 2 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 WILLIAMS COLLEGE (LESS THAN 50000) N 0 N/A WILLIAMS COLLEGE (LESS THAN 50000) P 0 N/A WILLIAMS COLLEGE (LESS THAN 50000) Q 0 N/A WILLIAMS COLLEGE S 20500000 CASH