2024-04-18T14:52:03-05:00 2023-06-30 221478099 COHNREZNICK LLP 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2022-07-01 060653111 WADSWORTH ATHENEUM MUSEUM OF ART WADS 8602782670 600 MAIN STREET HARTFORD CT 06103 JACK MORTON DIRECTOR OF FINANCE 8602782670 2024-04-18 1 JACK MORTON 999009999 0 LORI ROTHE YOKOBOSKY CPA P01273422 9592007000 2024-04-17 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JACK MORTON 600 MAIN STREET HARTFORD CT 06103 29702811 0 X WWW.THEWADSWORTH.ORG X 1842 CT FINE ART MUSEUM 34 32 137 32 0 0 2709181 6320628 459759 641802 3198987 3809049 200781 173010 6568708 10944489 0 0 0 0 4582293 5709689 0 0 1097386 9774080 13102723 14356373 18812412 -7787665 -7867923 137737882 136539604 1575004 1016864 136162878 135522740 X HOLDING ITS COLLECTION IN TRUST FOR ALL PEOPLE, THE WADSWORTH ATHENEUM IS DEDICATED TO ADVANCING KNOWLEDGE AND INSPIRING EVERYONE TO EXPERIENCE AND APPRECIATE EXCELLENCE IN ART AND CULTURE. 0 0 11664464 814812 CURATING AND CURATORIAL RESEARCH FY2023THE MUSEUM'S CURATORS RESEARCH, CARE FOR, AND EXHIBIT COLLECTIONS INCLUDING PAINTINGS, SCULPTURES, DECORATIVE ARTS (FURNITURE, GLASS, CERAMICS, AND METALWORK), WORKS ON PAPER, COSTUME AND TEXTILES, AND MOVING IMAGE ART, RANGING IN DATE FROM ANTIQUITY TO CONTEMPORARY AND INCLUDING WORKS FROM MOST CONTINENTS. THE WADSWORTH ALSO LENDS COLLECTION OBJECTS TO EXHIBITIONS AROUND THE WORLD. IN FY23 WE RELEASED 67 OBJECTS, BOTH ART AND ARCHIVAL MATERIALS, FROM OUR COLLECTION TO 24 BORROWING INSTITUTIONS.WE LEND TO A HOST OF INSTITUTIONS WITHIN THE UNITED STATES AND A FEW IN EUROPE, A FEW ARE NOTED BELOW:DETROIT INSTITUTE OF ARTSCRYSTAL BRIDGES MUSEUM OF AMERICAN ARTSAMERICAN FOLK ART MUSEUMYALE CENTER FOR BRITISH ARTART INSTITUTE OF CHICAGOLOS ANGELES COUNTY MUSEUM OF ARTGALLERIE D'ITALIA - PALAZZA SCALATHE NATIONAL GALLERY, LONDONTHROUGH PURCHASES, GIFTS, AND BEQUESTS THE WADSWORTH ACQUIRED WORKS OF ART INCLUDING BUT NOT LIMITED TO WORKS IN THE CONTEMPORARY, EUROPEAN, AND AMERICAN COLLECTION AREAS.FY23 INSTALLATION HIGHLIGHTS: I AM SEEN THEREFORE, I AM: ISAAC JULIEN AND FREDERICK DOUGLASSJUSTINE KURLAND: GIRL PICTURESLISA ALVARADO / MATRIX 192 / SPINNING ECHORELAX! LEISURE AND STYLEREMBRANDT'S THE RETURN OF TOBIAS AND THE ANGELALEXANDER CALDER: COLLABORATIVE CREATIONSHARTFORD YOUTH RENAISSANCE (HYAR)MATT PAWESKI / MATRIX 191THE SPELL OF THE STUDIO: BALTHUS'S PORTRAIT OF MRS. COOLEY, 1937FIRED UP: GLASS TODAYSTEPHANIE SYJUCO /MATRIX 190 / IMAGE TRAFFICKING 1123061 EDUCATION/VISITOR EXPERIENCE AND SERVICES THE LEARNING AND ENGAGEMENT DEPARTMENT AT THE WADSWORTH ATHENEUM MUSEUM OF ART PROVIDES LEARNING AND ENGAGEMENT OPPORTUNITIES FOR ALL AUDIENCES. PROGRAMS FOR FAMILIES, PREK-12 AND COLLEGE STUDENTS, EDUCATORS, AND FOR THE BROADER PUBLIC ACTIVATE OUR COLLECTIONS AND SPECIAL EXHIBITIONS AND ENCOURAGE VISITOR CONNECTIONS WITH ART'S HISTORY AND CONTEMPORARY SOCIAL RELEVANCE. THE DEPARTMENT WORKS CLOSELY WITH CURATORIAL, MARKETING, AND DEVELOPMENT ON INTERPRETIVE PROJECTS, EVALUATION EFFORTS FOR PROGRAMS AND EXHIBITIONS, AND FUNDRAISING. ADULT-CENTERED PROGRAMS TAKE MANY SHAPES, INCLUDING GALLERY TALKS, FY23 PUBLIC PROGRAMMING HIGHLIGHTS:THE ANNUAL PENNINGTON LECTURE CONCEIVED AS PART OF THE BLACK HERITAGE PROJECT INITIATIVE LED BY CAPITAL COMMUNITY COLLEGE FEATURED NOTED AUTHOR AND DEAN OF COLUMBIA UNIVERSITY JOURNALISM SCHOOL, WILLIAM JELANI COBB. THIS EVENT WAS PART OF A SERIES OF RELATED ACTIVITIES SUPPORTED BY THE WADSWORTH AND THE AMISTAD CENTER FOR ART & CULTURE DESIGNED TO BRING THE HISTORY OF HARTFORD'S FIRST BLACK CHURCH AND SCHOOL FOR BLACK CHILDREN INTO PUBLIC VIEW. SECOND SATURDAYS FOR FAMILIES PROGRAMS SERVED MORE THAN 4,200 VISITORS IN FY23, OUR HIGHEST ATTENDANCE SINCE THE PANDEMIC. THE MONTHLY FREE PROGRAM ENCOURAGES DISCOVERY THROUGH A LAYERED PROGRAM OF ART-MAKING, TOURS FOR INTERGENERATIONAL AUDIENCES, MUSIC, AND LIVE PERFORMANCE. AN ESPECIALLY SUCCESSFUL MARTIN LUTHER KING, JR. COMMUNITY DAY CELEBRATED THE LEGACY OF DR. KING THROUGH ART MAKING, PERFORMANCES, AND TOURS FOR ALL AGES. 2873293 OTHER PROGRAM EXPENSES: OTHER PROGRAM EXPENSES INCLUDE MARKETING, PUBLIC RELATIONS, MEMBERSHIP, MUSEUM SHOP, THEATER AND OTHER MISCELLANEOUS. 15660818 1 1 0 1 0 0 1 1 0 1 1 1 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 115 0 1 137 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 34 32 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CT NY X JACK MORTON 8602782670 600 MAIN STREET HARTFORD CT 06103 ALISON D DAVIS TRUSTEE 1.00 X 0 0 0 ANN MULCAHY EX-OFFICIO 1.00 X 0 0 0 CAROLINE CUNNINGHAM YOUNG EX-OFFICIO 1.00 X 0 0 0 CHERYL A CHASE VICE CHAIR 1.00 X X 0 0 0 CYNTHIA J BULAONG EX-OFFICIO 1.00 X 0 0 0 DAVID G JEPSON TRUSTEE 1.00 X 0 0 0 DR ELSA M NUNEZ TRUSTEE 1.00 X 0 0 0 EILEEN S POLLACK TRUSTEE 1.00 X 0 0 0 EMILIE DE BRIGARD SECRETARY 1.00 X X 0 0 0 G DUNCAN HARRIS TRUSTEE 1.00 X 0 0 0 GERARD LUPACCHINO CHAIR 1.00 X X 0 0 0 HY J SCHWARTZ VICE CHAIR 1.00 X X 0 0 0 JEFFREY N BROWN PRESIDENT & CEO 35.00 X X 327131 0 20280 JOSEPH R GIANNI TRUSTEE 1.00 X 0 0 0 LAURA R HARRIS TRUSTEE 1.00 X 0 0 0 LILY DE JONGH DOWNING TRUSTEE 1.00 X 0 0 0 MALLY COX-CHAPMAN TRUSTEE 1.00 X 0 0 0 MATTHEW A SCHAEFER TRUSTEE 1.00 X 0 0 0 MICHAEL F KLEIN VICE CHAIR 1.00 X X 0 0 0 MICHELE COOK TRUSTEE 1.00 X 0 0 0 PHILIPPA FEIGEN MALKIN TRUSTEE 1.00 X 0 0 0 ROBERT DANCE TRUSTEE 1.00 X 0 0 0 TAMARA WILLIAMS EX-OFFICIO 1.00 X 0 0 0 TIMOTHY P MCLAUGHLIN TRUSTEE 1.00 X 0 0 0 MARK N MANDELL TRUSTEE 1.00 X 0 0 0 CLAIRE BURNS TRUSTEE 1.00 X 0 0 0 CAROL L CHENEY TRUSTEE 1.00 X 0 0 0 BROOK HAZELTON TRUSTEE 1.00 X 0 0 0 JOANN H PRICE TRUSTEE 1.00 X 0 0 0 ESTHER PRYOR TRUSTEE 1.00 X 0 0 0 NINA F SCHERAGO TRUSTEE 1.00 X 0 0 0 OLIVIA WHITE EX-OFFICIO 1.00 X 0 0 0 MATTHEW HARGRAVES MUSEUM DIRECTOR 35.00 X X 166140 0 28764 JANE BRITTON EX-OFFICIO 1.00 X 0 0 0 KIMBERLY KERSEY OUTGOING EX-OFFICIO 1.00 X 0 0 0 BARBARA G WARD OUTGOING TRUSTEE 1.00 X 0 0 0 HENRY M ZACHS OUTGOING TRUSTEE 1.00 X 0 0 0 JEAN-PIERRE VAN ROOY OUTGOING TRUSTEE 1.00 X 0 0 0 JEFFREY G MARSTED OUTGOING TRUSTEE 1.00 X 0 0 0 MARTA BENTHAM OUTGOING TRUSTEE 1.00 X 0 0 0 MERRILL F MANDELL OUTGOING TRUSTEE 1.00 X 0 0 0 TRACEY KRASNIEWSKI DIRECTOR OF FINANCE 35.00 X 124615 0 0 THOMAS LOUGHMAN FORMER CEO 35.00 X 164200 0 11901 782086 0 60945 4 1 1 0 SECURITAS SECURITY SERVICES USA INC PO BOX 403412 ATLANTA GA 30384 SECURITY 683785 ACCOUNTING RESOURCES INC 100 WESTERN BLVD GLASTONBURY CT 06033 OUTSOURCING ACCOUNTING AND HUMAN RESOURC 281544 CT MICRONET LLC 6 EXECUTIVE DRIVE SUITE 120 FARMINGTON CT 06032 IT CONSULTANTS 270669 CREST MECHANICAL SERVICES 1841 BROAD STREET HARTFORD CT 06134 HVAC/ELECTRICAL SERVICES 233928 WOOD & WOOD INC 19 BUTTERNUT STREET GREENFIELD MA 01301 SILVER VAULT WORK 217746 14 272560 257366 5790702 34688 6320628 ADMISSION REVENUE 900099 337954 337954 AUXILIARY AND OTHER ACTIVITIES 900099 203632 203632 EXHIBITION AND OTHER FEES 900099 100216 100216 641802 2921597 2921597 19549576 18662124 887452 887452 887452 269208 96198 173010 173010 10944489 814812 0 3809049 899969 706920 97022 96027 3841892 2727975 560547 553370 130936 97178 24393 9365 455449 317131 53083 85235 381443 287931 40679 52833 122561 122561 106370 106370 38500 38500 455940 455940 1615971 1059271 515910 40790 264701 260305 2536 1860 755708 578043 60697 116968 273728 176290 18668 78770 2077199 1984717 81983 10499 145025 136672 8307 46 319762 252248 26030 41484 7294 7294 1936331 1849291 77418 9622 399384 186657 212210 517 PURCHASE OF ART 4584249 4584249 18812412 15660818 2054208 1097386 1300364 977725 8483110 5781301 810738 2547664 44930 17013 109956 132109 37204 11063 49526895 29785138 21488302 19741757 61294666 66302102 39354914 36315841 4813698 4713029 137737882 136539604 916800 477296 199394 6335 419220 500000 39590 33233 1575004 1016864 X 31216680 23012567 104946198 112510173 136162878 135522740 137737882 136539604 -7867923 7227785 0 X X 0 0 0 X 4641293 5589356 11296410 2709959 6320628 30557646 4641293 5589356 11296410 2709959 6320628 30557646 3963537 26594109 1598215 1532523 1361566 1703696 2921597 9117597 70989 797 59124 130910 39806153 4000310 0.66810 0.58700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 38500 38500 0 PART II-B, LINE 1: THE ORGANIZATION ENGAGED FOCUS GOVERNMENT AFFAIRS TO ARRANGE INTRODUCTORY MEETINGS WITH STATE GOVERNMENT AND ELECTED OFFICIALS. X 1 0 X X X X X EDUCATION 1 79620286 250000 8958579 6667287 82161578 101893474 120665 -16837005 5556848 79620286 83156700 2065621 23261904 6590751 101893474 86885008 2584094 -767661 5544741 83156700 88568024 35000 3927915 5645931 86885008 0.09100 0.45200 0.45700 1 0 44918139 25176382 19741757 4598676 4598676 0 10080 10080 0 19741757 DEBT SECURITIES 22574572 F TRUST FOR THE MUSEUM'S BENEFIT 13741269 F 36315841 OTHER LIABILITIES 33233 33233 PART II, LINE 9: THE WADSWORTH ATHENEUM MUSEUM OF ART REFLECTS EXPENDITURES RELATING TO ITS EASEMENTS IN ITS OPERATING REVENUE AND EXPENDITURES. PART III, LINE 1A: IN ACCORDANCE WITH ACCOUNTING POLICIES GENERALLY FOLLOWED BY MUSEUMS, COLLECTIONS OF WORKS OF ART ACQUIRED THROUGH PURCHASE OR DONATION SINCE THE MUSEUM'S INCEPTION ARE NOT REFLECTED IN THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION. EACH OF THE ITEMS IS CATALOGED, PRESERVED AND CARED FOR. THE MUSEUM'S POLICY REQUIRES THAT PROCEEDS FROM THE SALE OF COLLECTION ITEMS OR INSURANCE PROCEEDS BE USED SOLELY FOR ACQUISITION OF OTHER ART OBJECTS OR THE DIRECT CARE OF EXISTING COLLECTIONS. IF ASSETS USED TO PURCHASE COLLECTION ITEMS ARE SOURCED FROM RESTRICTED FUNDS, PROCEEDS FROM THE SALE OF THOSE ITEMS ARE SHOWN AS INCREASES IN NET ASSETS WITH DONOR RESTRICTIONS UNTIL AN ACQUISITION IS MADE. PART III, LINE 4: THE MUSEUM'S MISSION IS TO HOLD ITS COLLECTION IN TRUST FOR ALL PEOPLE AND IS DEDICATED TO ADVANCING AND INSPIRING EVERYONE TO EXPERIENCE AND APPRECIATE EXCELLENCE IN ART AND CULTURE. THE MUSEUM VALUES ARTISTIC EXCELLENCE, INNOVATION AND LEADERSHIP ON A LOCAL AND GLOBAL LEVEL. AS PART OF ITS ROLE AS CONNECTICUT'S FLAGSHIP VISUAL ARTS INSTITUTION, THE MUSEUM IS A CULTURAL MEETING PLACE FOR THE SHARING OF IDEAS AND EXPERIENCES. FOUNDED IN 1842, THE MUSEUM IS HOME TO A COLLECTION OF NEARLY 50,000 WORKS OF ART SPANNING 5,000 YEARS, FROM ANTIQUITIES TO CONTEMPORARY ART. ANNUALLY, THE MUSEUM HOSTS SEVERAL MAJOR EXHIBITIONS AND MULTIPLE SMALLER SPECIAL EXHIBITIONS. THE MUSEUM OFFERS TOURS, CONCERTS, FILMS, GALLERY TALKS, LECTURES, SYMPOSIUMS, SCHOOL AND FAMILY PROGRAMS, WORKSHOPS AND ART HISTORY COURSES. PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE USED FOR MUSEUM OPERATIONS, EXHIBITIONS, AND PROGRAMMING AS WELL AS THE ACQUISITION OF WORKS OF ART. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES PAYMENT FOR PURCHASES OF ART FROM EUROPEAN DEALERS 683016 0 0 0 0 0 0 683016 0 683016 0 0 0 0 0 0 PART III ACCOUNTING METHOD: 1 X X X X 1 0 0 0 0 0 0 1 0 JEFFREY N BROWN PRESIDENT & CEO 305916 0 21215 0 0 0 7956 0 12324 0 347411 0 0 0 MATTHEW HARGRAVES MUSEUM DIRECTOR 151140 0 15000 0 0 0 4884 0 23880 0 194904 0 0 0 THOMAS LOUGHMAN FORMER CEO 0 0 164200 0 0 0 0 0 11901 0 176101 0 0 0 PART I, LINE 4A THE FORMER CEO RECEIVED SEVERANCE IN THE AMOUNT OF $164,200 IN HIS 2022 W2. PART I, LINE 7 THE EXECUTIVE TEAM RECEIVED A BOARD APPROVED CALENDAR YEAR BONUS IN THEIR 2022 W2S. X 5 34688 FMV 0 0 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION CONVERTED TO A GOVERNANCE STRUCTURE WHEREBY THE BOARD ELECTS ITSELF, ELIMINATING THE BOARD OF ELECTORS. THE AMENDED BYLAWS AND CHARTER REFLECT THE CREATION OF A DISTRIBUTED LEADERSHIP MODEL, WHICH SPLITS RESPONSIBILITIES BETWEEN THE PRESIDENT & CEO AND THE MUSEUM DIRECTOR POSITIONS. THE BYLAWS WERE ALSO AMENDED TO REFINE THE ROLES AND RESPONSIBILITIES FOR COMMITTEES AND HOW THEY ARE APPOINTED. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE OF THE WADSWORTH ATHENEUM REVIEWS THE COMPLETED FORM(S) 990 PRIOR TO FILING. THE FORM(S) 990 ARE ALSO ELECTRONICALLY DISTRIBUTED TO THE BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY EACH MEMBER OF THE BOARD OF TRUSTEES, OFFICERS, AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE AND SUBMIT A WRITTEN CONFLICT OF INTEREST FORM WHICH DISCLOSES ALL INTERESTS. THE GOVERNANCE COORDINATOR RECEIVES AND REVIEWS ALL SUBMISSIONS AND SHARES WITH MANAGEMENT TO DETERMINE IF ANY DISCLOSURES POSE A CONFLICT. IF THE OFFICE OF THE CEO/DIRECTOR DETERMINES THAT ANY DISCLOSURES MAY POSE A CONFLICT, THE PRESIDENT OF THE BOARD IS THEN NOTIFIED. IN ADDITION, THE AUDIT COMMITTEE IS NOTIFIED. FORM 990, PART VI, SECTION B, LINE 15A CEO/DIRECTOR THE COMPENSATION COMMITTEE IS A DELEGATED FUNCTION OF THE BOARD WITH THE SOLE PURPOSE OF ADMINISTERING THE COMPENSATION, PERFORMANCE REVIEW, AND GOAL SETTING PROVISIONS OF THE DIRECTOR/CEO'S EMPLOYMENT AGREEMENT FOCUSING ON RETENTION, MOTIVATION AND ALIGNMENT WITH THE ORGANIZATION'S OPERATING AND STRATEGIC OBJECTIVES. THE COMMITTEE IS COMPRISED OF NO LESS THAN THREE AND NO MORE THAN FIVE MEMBERS. THE COMMITTEE CONVENES AS NEEDED. IN ITS DELIBERATIONS, THE COMMITTEE ASSESSES PERFORMANCE/RESULTS, REVIEWS VALID COMPENSATION COMPARABILITY DATA, ACTS WITH THE APPROVAL OF A MAJORITY OF ITS MEMBERS, DOCUMENTS ITS DECISIONS AND RATIONALE, AND ASSURES THAT ALL ACTIONS RELATED TO EXECUTIVE COMPENSATION ARE APPROVED IN ADVANCE OF TAKING EFFECT. OFFICERS OR KEY EMPLOYEES THE CEO/DIRECTOR OF THE MUSEUM DETERMINES THE COMPENSATION FOR KEY EMPLOYEES. THE CEO/DIRECTOR WORKS WITH THE HUMAND RESOURCES DEPARTMENT AND USES THE ASSOCIATION OF ART MUSEUM DIRECTORS (AAMD) SALARY SURVEY, SURVEYS OF LOCAL, SIMILARLY-SIZED NOT FOR PROFIT ORGANIZATIONS AND THE MUSEUM'S BUDGET AS GUIDELINES TO DETERMINE THE COMPENSATION AMOUNT. FORM 990, PART VI, SECTION C, LINE 19 A CONDENSED FORM OF THE AUDITED FINANCIAL STATEMENTS ARE INCLUDED IN THE MUSEUM'S ANNUAL REPORT WHICH IS POSTED ON THE WADSWORTH ATHENEUM WEBSITE AND AVAILABLE TO THE PUBLIC. THE MUSEUM'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE BY REQUEST. CONFLICT OF INTEREST POLICIES ARE AVAILABLE TO THE PUBLIC UPON REQUEST. GOVERNING DOCUMENTS OR BY-LAWS ARE DISCLOSED BY REQUEST. FORM 990, PART XII, LINE 2C: AS OF THE DATE OF THIS FILING, THE AUDIT HAS NOT YET BEEN COMPLETED. FORM 990 HAS BEEN PREPARED BASED ON THE BEST INFORMATION AVAILABLE. SHOULD INFORMATION SUBSTANTIALLY CHANGE UPON COMPLETION OF THE AUDIT, APPROPRIATE ACTION WILL BE TAKEN.