2025-05-06T12:24:43-05:00 2024-06-30 010494526 Baker Newman & Noyes PO Box 507 Portland ME 04112 990 2023-07-01 020223322 Currier Gallery of Art CURR 6036696144 150 Ash Street Manchester NH 03104 Jordana Pomeroy Director & CEO (eff. 9-2024) 6036696144 2025-05-02 1 0 Connor Smart P02285543 2078792100 2025-05-02 2023 2025-03-06 01:10:19Z Currier Museum of Art Jordana Pomeroy 150 Ash Street Manchester NH 03104 29780204 0 X www.currier.org X 1919 NH Focused on art, centered in community, committed to inspire. 20 20 134 63 85073 0 2430613 1665162 438225 516201 1619745 3114011 192764 456539 4681347 5751913 25555 18978 0 0 3762736 3557430 47733 82674 982196 6576941 3875382 10412965 7534464 -5731618 -1782551 93174730 97522913 783336 553774 92391394 96969139 X Focused on Art, Centered in Community, Committed to Inspire.The Currier Museum of Art facilitates meaningful encounters with art through its collection, exhibits, programs, art classes, and artists-in-residence. 0 0 3586932 0 381759 Collection: The Currier Museum of Art collects, preserves, researches, and makes accessible significant works of art. The 14,000 objects in the collection, including two houses designed by Frank Lloyd Wright, form the basis of the Museum's educational and social programs. The Museum maintains state-of-the-art storage facilities and preserves objects under its care. It makes the collection fully accessible through the web, programs, publications, and social media. 887196 18978 175447 Education and community programs. The Museum creates innovative programs for a wide variety of audiences. Along with intensive online programming, these include school tours, guided visits, lectures, performances, and large-scale community events. Special programs serve the community, including families impacted by opioid abuse, Alzheimer's patients and their caregivers, military veterans, immigrants, cancer patients and their caregivers, and those affected by disabilities. Studio-based classes for children and adults are run live and online. The Museum has an Artist in Residence program that supports international contemporary artists who work onsite and in our community at-large. 163455 0 18107 Exhibitions. The Museum normally presents six to seven special exhibitions each year. The Museum created exhibitions from its permanent collection and in collaboration with local, national, and global artists to respond to issues of equity. A full range of educational and community programs are presented for each exhibition. 764355 0 146939 Ancillary services: In addition to the galleries, the museum facilities include classrooms, a 180-seat auditorium, a cafe, a shop, and other spaces. 764355 0 146939 5401938 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 1 0 0 0 1 0 0 1 1 1 0 0 1 1 0 0 0 0 0 1 1 0 0 1 0 0 1 0 0 0 0 1 95 0 1 134 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 20 20 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NH X Jordana Pomeroy 6036696144 150 Ash Street Manchester NH 03104 Carol Almeda-Morrow Trustee 1.00 X 0 0 0 Richard Botnik Trustee 1.00 X 0 0 0 Micheal Costa Trustee 1.00 X 0 0 0 Pamela Diamantis Trustee 1.00 X 0 0 0 M Christine Dwyer Trustee 1.00 X 0 0 0 Jeffrey D Gilbert Trustee 1.00 X 0 0 0 Bonnie Greiner Trustee (end 9/2023) 1.00 X 0 0 0 Pauline Ikawa Trustee 1.00 X 0 0 0 David Jensen Trustee (end 6/2024) 1.00 X 0 0 0 Laurence Knowlton Trustee 1.00 X 0 0 0 Benjamin Kelley Trustee 1.00 X 0 0 0 Tracy Kozak Trustee 1.00 X 0 0 0 Emily Leff Trustee 1.00 X 0 0 0 Susan Lynch Trustee 1.00 X 0 0 0 Jessica McKeon Trustee 1.00 X 0 0 0 Peter Milnes Trustee 1.00 X 0 0 0 John H Morison Trustee 1.00 X 0 0 0 Anthony Poore Trustee (end 2/2023) 1.00 X 0 0 0 William Stelling Trustee 1.00 X 0 0 0 William Upton Trustee 1.00 X 0 0 0 Patricia Wentworth Trustee 1.00 X 0 0 0 Stephen Duprey President 3.00 X X 0 0 0 Jay Surdukowski Vice President 1.00 X X 0 0 0 Thomas Silvia Treasurer 1.00 X X 0 0 0 Karen Graham Interim Director/CEO 40.00 X 186016 0 11751 Charles Lippman Director of Finance 40.00 X 140000 0 0 Bruce McColl Director of Engagement 40.00 X 101923 0 2548 Lorenzo Fusi Chief Curator 40.00 X 105106 0 0 Alan Chong Former Director/CEO 40.00 X 224836 0 1877 757881 0 16176 5 1 1 0 Mount Major Tech 160 Dover Road Unit 11 Chichester NH 03258 Security and IT services 312690 Milestone Engineering & Construction 1 Horseshoe Pond Lane Concord NH 03301 Construction and renovations 305584 Denron Hall Plumbing & HVAC LLC 605 Front Street Manchester NH 03102 HVAC and plumbing 302088 3 243777 188400 15000 1217985 14459 1665162 Museum Admissions and Programs 713990 360050 360050 Art Education Tuition 611710 156151 156151 516201 889342 889342 1860 1860 125594 85024 40570 40570 40570 25852510 23627841 2224669 2224669 2224669 150800 188400 106888 43912 43912 130893 11250 119643 119643 447842 197288 250554 206051 44503 5751913 722252 85073 3279426 18978 18978 197767 144228 17662 35877 2848894 2077643 254426 516825 34172 22928 4669 6575 248023 173265 42965 31793 228574 167387 19976 41211 31403 31403 54100 54100 82674 82674 221053 221053 97986 97986 382082 49936 241981 90165 139829 97503 14910 27416 492905 423129 29263 40513 26989 25972 978 39 39403 22180 7353 9870 706797 565437 70680 70680 91336 51258 40059 19 Art works purchased 1095582 1095582 Exhibitions/collections 332790 332790 Public programs 137058 125109 11949 Memberships 26069 8613 866 16590 7534464 5401938 1150330 982196 407984 374502 1446384 1151589 235500 183400 201 2772 77867 59930 138306 217047 32872632 18495184 14682746 14377448 22784088 25596408 53401654 55559817 93174730 97522913 140228 86417 643108 467357 783336 553774 X 17228761 17086449 75162633 79882690 92391394 96969139 93174730 97522913 -1782551 6360296 0 X X 0 1 X 1 0 X 1965201 3907084 1381002 2430613 1665162 11349062 1965201 3907084 1381002 2430613 1665162 11349062 696980 10652082 762265 650254 758261 756861 891202 3818843 22226 2461 18231 248628 291546 15459451 2777244 0.68900 0.70720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 72540575 19395 8874454 3953738 218761 77261925 72709002 76216 7462095 7497616 209122 72540575 86473091 73120 -9373666 4219682 243861 72709002 70028303 171424 20302727 3820902 208461 86473091 77702460 67003 506736 8036003 211893 70028303 0.01350 0.67240 0.31410 0 0 27881723 14326654 13555069 4972109 4168530 803579 18800 18800 14377448 Hedge funds 12097001 F Interest in Adage Capital Partners 14212153 F Interest in WTC CTF SMID CAP Research Equity Portfolio 8873155 F Interest in State Street Real Asset Fund 7967428 F Interest in Artisan International Funds 5866402 F Interest in Oakmark International Equity 4875855 F Private equity investments 1667823 F 55559817 X 12280356 6360296 389200 6749496 5530860 221053 221053 5751913 7702611 389200 389200 7313411 221053 221053 7534464 Part III, Line 1a: In conformity with industry practice, the value of art objects in the permanent collection are not recorded in statements of financial position. The art collection is catalogued and tracked for its educational value. Objects deemed no longer appropriate for the collection are de-accessioned according to a rigorous, established policy developed in accordance with ethical guidelines for art museums. Proceeds from deaccessioning are used to acquire other objects for the collection. Part III, Line 4: The Currier Museum's permanent collection is the core of the institution's mission. These works of art, preserved for the benefit of the public, are used for exhibition, research, and education. Among the approximately 14,000 objects in the collection are two houses built in Manchester by Frank Lloyd Wright, which are regularly open to the public. Part V, Line 4: Endowment funds are used for museum operations, exhibitions, art acquisition and scholarships. Part X, Line 2: The Internal Revenue Service, in a letter dated July 16, 2004, determined that the Museum is a publicly-supported charity under Internal Revenue Code Section 501(c)(3) and, therefore, not subject to federal income taxes or federal excise taxes imposed upon private foundations. Tax-exempt organizations could be required to record an obligation for income taxes as the result of a tax position they have historically taken on various tax exposure items, including unrelated business income or tax status. In accordance with U.S. GAAP, assets and liabilities are established for uncertain tax positions taken or positions expected to be taken in income tax returns when such positions are judged to not meet the "more-likely-than-not" threshold, based upon the technical merits of the position. Management has evaluated the Museum's tax positions taken on its filed tax returns and concluded that the Museum has maintained its tax-exempt status, does not have any significant unrelated business income and has taken no uncertain tax positions that require adjustment to the financial statements. Any interest and penalties would be recorded in income tax expense. Part XI, Line 2d - Other Adjustments: Store, cafe, and catering cost-of-goods sold 197,288. Fundraising expenses 106,888. Rental expenses 85,024. Part XII, Line 2d - Other Adjustments: Store, cafe, and catering cost-of-goods sold 197,288. Fundraising expenses 106,888. Rental expenses 85,024. Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 Investments 4118000 0 0 0 0 0 0 4118000 0 4118000 1 0 1 1 1 0 Schedule F, Part IV, Lines 1, 3, 4, & 5: For the period covered by this Form 990, the museum had an ownership interest in several foreign corporations, and was also an indirect shareholder of several passive foreign investment companies (PFIC) by way of its ownership in various alternative investments, including through qualified partnership interests. Through these various investment vehicles, the museum may either directly or indirectly make transfers to foreign corporations. When such transfers are in excess of the applicable filing threshold, the museum will prepare and file Form 926 in accordance with IRS Instructions and applicable tax laws. Furthermore, the museum's ownership interest in these foreign corporations did not surpass the filing threshold for Form 5471. Additionally, the Museum did not have any unrelated business income related to a direct or indirect PFIC interest, and therefore the museum is not required to file Form 8621. Lastly, none of the museum's direct or indirect interests in foreign partnerships were substantial enough to meet the ownership, control, or value thresholds that require the filing of Form 8865. Accordingly, the museum is not required to file these forms. X X X X X X 1 Brightspot Consultants PO Box 4213 Portsmouth NH 03802 Grant writing 0 180000 67500 112500 PPurple Finch Events LLC 49 Mariette Drive Portsmouth NH 03801 Fundraising consulting 0 30000 15174 14826 210000 82674 127326 NH Annual Gala 339200 188400 150800 32327 7225 37346 29990 339200 188400 150800 32327 7225 37346 29990 106888 43912 130893 11250 1 0.03630 130893 11250 11250 119643 NH 1 0 1 0 0.03630 0.96370 See supplemental disclosures on Part IV 150 Ash Street Manchester NH 03104 1 114893 11250 See supplemental disclosures on Part IV 150 Ash Street Manchester NH 03104 See supplemental disclosures on Part IV 11250 Refer to supplemental information on this Schedule G, Part IV. X 0 Form 990, Schedule G, Part III, Gaming Dislcosures: During the year covered by this Form 990, the Organization engaged Granite State Poker Alliance LLC to provide gaming and casino services on behalf of the Organization and as a third party, independent contractor. As part of this relationship and transaction, the Organization registered for and secured the appropriate licenses to conduct gaming activities with the New Hampshire Lottery Commission. Granite State Poker Alliance LLC was contracted by the Organization to host, operate, and run gaming and casino events on behalf of the Organization during the fiscal year. The Organization paid Granite State Poker Alliance LLC a fee to make use of their facilities, equipment, and staffing resources, but was otherwise not involved with the maintenance or running of the games; Granite State Poker Alliance LLC collected all gaming revenues, kept the books and records for the charitable gaming days, ran the games in their own facilities, and remitted the portion due to the Organization in accordance with NH Lottery regulations regarding charitable gaming activities. In accordance with NH RSA 287-D, Granite State Poker Alliance LLC was required to retain no more than 35% of the gross revenues from the games of chance, less any fees. In reality, Granite State Poker Alliance LLC retained only $11,250 of the gaming gross revenues, or approximately 10% of total revenues. All gaming revenues retained by the Organization after paying fees to Granite State Poker Alliance LLC were used in furtherance of the Organization's exempt activities. Additionally, and unrelated to the engagement with Granite State Poker Alliance, the Organization hosted an Annual Fundraising Gala during this tax year. As part of this Gala, the Organization directly conducted a charity raffle. Relative to the Organization's overall revenues in general and even specifically to this fundraising event, income generated by the raffle was immaterial (approximately $4,750 in gross receipts compared to over $300,000 raised via the Gala in whole). As this raffle was conducted through the Organization's annual fundraising event, it is possible that a portion of the Organization's total annual gaming income was conducted by volunteers and on the Organization's premises. However, compared to total gaming activity, the portion related to this raffle was nominal (less than 5% of the total). As this charity raffle represented such a small portion of the Organization's activities during the year, no single employee or officer of the Organization is specifically responsible for managing the raffle, and, for any employees or assisted in running the charity raffle, the responsibilities of such a role would be minor and incidental to any such employee's overall position. The overall books and records of the Gala, including the raffle, are under the oversight and management of the Organization's chief officers and finance personnel. No third parties or independent contractors were involved in the Annual Gala's charity raffle. The charity raffle was conducted in accordance with applicable New Hampshire state law to the best of the Organization's knowledge at the time of this Form 990's filing. 1 Scholarships provided to underprivileged students to attend art classes or camps. 57 18978 Part I, Line 2: Prospective scholarship recipients are required to complete a scholarship application and provide either two copies of wage receipts or their latest tax return (Form 1040). Any grants paid to organizations must be qualifying tax-exempt organizations and/or government agencies that use the funds to further missions and purposes that are in keeping with the goals of the Museum. X X X 1 0 0 0 0 0 0 1 0 Alan Chong Former Director/CEO 65586 0 36750 0 122500 0 0 0 1877 0 226713 0 0 0 Karen Graham Interim Director/CEO 186016 0 0 0 0 0 4779 0 6972 0 197767 0 0 0 Part I, Line 4a Alan Chong served as the Museum's Director and CEO for nearly seven years until his retirement in April 2023. During the calendar year ending December 31, 2023, and as reported in his 2023 Form W-2, Box 5 wages, Mr. Chong received severance compensation of $122,500. The severance was deemed to be appropriate and reasonable by the Museum's Board of Trustees and was paid pursuant to the Board's approval and in recognition of Mr. Chong's many years of service. As Mr. Chong retired from the Museum in a tax year prior to this year beginning 7-1-2023, and because Mr. Chong received compensation in excess of $100,000 in calendar year 2023 by the Museum, he has been deemed a Former Officer for reporting purposes on this Form 990, Part VII, and on this Schedule J. Additionally, Mr. Chong's severance compensation is included in the amounts reported on this Form 990, Schedule J, Part II, Column B(iii), as Other Compensation, in accordance with IRS Instructions. Part I, Line 7 From time-to-time and as deemed appropriate by the Organization's management and its Board of Trustees, the Museum may provide bonuses and other non-fixed payments based on measurable and objective performance metrics. Bonnie Greiner Trustee on Museum's Board Currier Museum of Art maintains multiple cash and investment accounts, including accounts held with Primary Bank. Bonnie Greiner, who serves as a Trustee on the Museum's Board, is married to William Greiner, the Chairman of the Board for Primary Bank. Transactions in fiscal year ended 6/30/2024 between the Museum and the Bank were in excess of $10,000. An exact figure cannot be stated due to daily account activity and balance changes. The accounts were active prior to Mrs. Greiner joining the Board and all transactions with Primary Bank are at fair market value for fiscal year ended 6/30/2024. 0 Peter Milnes Trustee on Museum's Board Currier Museum of Art maintains multiple cash and investment accounts, including accounts held with Primary Bank. Peter Milnes, who serves as a Trustee on the Museum's Board, is also a director on the Board of Primary Bank. Transactions in fiscal year ended 6/30/2024 between the Museum and the Bank were in excess of $10,000. An exact figure cannot be stated due to daily account activity and balance changes. The accounts were active prior to Mr. Milnes joining the Board and all transactions with Primary Bank are at fair market value for fiscal year ended 6/30/2024. Mr. Milnes has been classified as an independent Trustee. 0 Pamela Diamantis Trustee on Museum's Board Currier Museum of Art maintains multiple cash and investment accounts, including accounts held with Primary Bank. Pamela Diamantis, who serves as a Trustee on the Museum's Board, is also a director on the Board of Primary Bank. Transactions in fiscal year ended 6/30/2024 between the Museum and the Bank were in excess of $10,000. An exact figure cannot be stated due to daily account activity and balance changes. The accounts were active prior to Ms. Diamantis joining the Board and all transactions with Primary Bank are at fair market value for fiscal year ended 6/30/2024. Ms. Diamantis has been classified as an independent Trustee. 0 Bonnie Greiner Trustee on Museum's Board 26241 Currier Museum of Art paid Royal Coachman Real Estate LLC $26,241 for chartered flights related to the Museum's annual Gala conducted during this tax year. Bonnie Greiner, who serves as a Trustee on the Museum's Board, is married to William Greiner. William Greiner is an owner of Royal Coachman Real Estate LLC. This transaction was advised by the Museum's Board and approved by the chief management personnel, and was deemed to be conducted at fair market value. 0 X 137 0 SFAS 116 X 4 14459 Gift Date FMV 0 1 1 Part I, Line 32b: The Museum uses a third-party broker to sell gifts of securities. Part I, Line 33: The dollar value of gifts of artwork is not reported on Form 990, Part VIII, Line 1G, as the Museum does not capitalize its collections or report them as revenue, as allowed under SFAS 116. Form 990, Part VI, Section A, line 2 Pamela Diamantis and Peter Milnes, who all serve on the Museum's Board of Trustees, also share a business relationship. Form 990, Part VI, Section B, line 11b The 990 was reviewed and approved approved by the Finance Committee of the Board and the Director/CEO. The full board of trustees receives a copy of the Form 990 prior to filing. Form 990, Part VI, Section B, line 12c The museum's conflict of interest policy requires all trustees and officers to disclose any known or potential conflict of interest to the Board President prior to any decision or vote occurring with the potential conflict. Such trustees or officers are not permitted to participate when a decision or vote is taken on the matter. All trustees are annually required to disclose in writing any conflicts of interest or certify that none exist. Form 990, Part VI, Section B, line 15a The Board of Trustees approves any change in pay of the Director/CEO. The Board of Trustees conducts an annual review of the performances of the Director/CEO. The President of the Board reviews salaries or directors of comparable institutions, found in 990s and the salary survey of the American Association of Museum Directors, before recommending a change in pay to the full board. Form 990, Part VI, Section C, line 19 Governing documents, the conflict of interest policy, and financial statements are made available to the public upon request. Form 990, Part XII, Line 2c: The Finance Committee of the Currier Museum of Art meets annually with its independent audit/CPA firm. The audit is completed in accordance with auditing standards generally accepted in the United States of America. The draft financial statements and management letter are presented by the CPA and thoroughly reviewed by the Finance Committee. After review and approval of the audited financial statements and any management letter by the Finance Committee, the final audit is presented to the full board for review and approval. This process has not changed from prior years. Currier Winter Garden Cafe LLC 150 Ash Street Manchester NH 03104 020223322 Dining services NH 171662 0 Currier Museum of Art Currier Museum of Art 150 Ash Street Manchester NH 03104 320745696 Art Museum NH 501(c)(3) Line 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0