2023-05-12T13:35:48-05:00 2022-06-30 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2021-07-01 131789318 WHITNEY MUSEUM OF AMERICAN ART WHIT 2125703600 99 GANSEVOORT STREET NEW YORK NY 10014 ID ARUEDEONL CFO/CO-CHIEF OPERATING OFFICER 2125703600 2023-05-12 1 ID ARUEDEONL XXX-XX-XXXX SCOTT THOMPSETT P00741490 2125990100 0 AAL1 IAL1 2021 2023-04-26 12:10:37Z ADAM D WEINBERG 99 GANSEVOORT STREET NEW YORK NY 10014 198322300 0 X WHITNEY.ORG X 1926 NY WHITNEY MUSEUM OF AMERICAN ART IS A MUSEUM DEVOTED TO AMERICAN ART OF THE 20TH AND 21ST CENTURIES. 51 50 482 125 16685 59329 48648000 66182000 2875000 8041000 11788000 31767000 4396000 4065900 67707000 110055900 0 316000 0 0 33781000 35389000 0 0 3262000 81584000 41772900 115365000 77477900 -47658000 32578000 1002954000 925433000 135878000 128993000 867076000 796440000 X THE WHITNEY SEEKS TO BE THE DEFINING MUSEUM OF 20TH AND 21ST CENTURY AMERICAN ART. THE MUSEUM COLLECTS, EXHIBITS, PRESERVES, RESEARCHES AND INTERPRETS ART OF THE U.S. IN THE BROADEST GLOBAL, HISTORICAL AND INTERDISCIPLINARY CONTEXTS. (SEE SCHEDULE O) 0 0 34219000 0 7930000 COLLECTION AND EXHIBITIONS OF AMERICAN ARTIN FY22, THE WHITNEY MUSEUM OF AMERICAN ART PRESENTED 7 EXHIBITIONS. THESE INCLUDED: THE WHITNEY'S COLLECTION: SELECTIONS FROM 1900 TO 1965 (JUNE 28, 2019 - PRESENT); JASPER JOHNS: MIND/MIRROR (SEPTEMBER 29, 2021 - FEBRUARY 13, 2022); LABYRINTH OF FORMS: WOMEN AND ABSTRACTION, 1930 - 1950 (OCTOBER 9, 2021 - MARCH 13, 2022); MY BARBARIAN (OCTOBER 29, 2021 - FEBRUARY 27, 2022); JENNIFER PACKER: THE EYE IS NOT SATISFIED WITH SEEING (OCTOBER 30, 2021 - APRIL 17, 2022); WHITNEY BIENNIAL 2022: QUIET AS IT'S KEPT (APRIL 6, 2022 - SEPTEMBER 5, 2022); AND AT THE DAWN OF A NEW AGE: EARLY TWENTIETH-CENTURY AMERICAN MODERNISM (MAY 7, 2022 - FEBRUARY 26, 2023).(SEE SCHEDULE O)FY22 PERFORMANCES AT THE MUSEUM INCLUDED: MY BARBARIAN: TRANSPARENCY 2021 (NOVEMBER 5, 2021); MY BARBARIAN: SONGBOOK (DECEMBER 18, 2021); MY BARBARIAN: DOUBLE FUTURE (FEBRUARY 24 - 26, 2022); AWILDA STERLING-DUPREY: BLINDFOLDED (MARCH 20, 2022); JASON RHOADES: SUTTER'S MILL (APRIL 8 - SEPTEMBER 2, 2022); MOBY DICK; OR, THE WHALE (APRIL 15 - 17, 2022); AND ALEX DA CORTE: ROY G BIV (APRIL 20 - AUGUST 8, 2022). AN ONGOING SERIES OF OUTDOOR ART SHOWN ACROSS GANSEVOORT STREET FROM THE MUSEUM HAD ONE INSTALLATION: WHITNEY BIENNIAL 2022: QUIET AS IT'S KEPT (APRIL 6- SEPTEMBER 5, 2022).THE FOLLOWING EXHIBITIONS TOURED NATIONALLY: VANTAGE POINTS: CONTEMPORARY PHOTOGRAPHY FROM THE WHITNEY MUSEUM OF AMERICAN ART (TAUBMAN MUSEUM OF ART, ROANOKE, VA); JULIE MEHRETU, CO-ORGANIZED WITH LACMA (WALKER ART CENTER, MINNEAPOLIS, MN); AND DAWOUD BEY: AN AMERICAN PROJECT, CO-ORGANIZED WITH SFMOMA (THE MUSEUM OF FINE ARTS, HOUSTON, TX). 8266000 0 111000 CURATORIAL AND RELATED SUPPORTIN FY22, THE WHITNEY MUSEUM OF AMERICAN ART CONTINUED ITS ONGOING STUDY INTO THE MORE THAN 26,000 OBJECTS IN THE COLLECTION BY OVER 3,700 ARTISTS. THE WHITNEY CONTINUED ITS WORK ON A MULTI-YEAR, CROSS-DEPARTMENTAL, AND CROSS-INSTITUTIONAL RESEARCH PROJECT TO UNDERSTAND THE ORIGIN, SCOPE, EVOLUTION, USE, AND IMPACT OF THE MUSEUM'S COLLECTION. THE PROJECT, WHICH WILL CULMINATE IN THE WHITNEY'S FIRST EVER COLLECTION STRATEGIC PLAN IN SPRING 2023, WILL OFFER RECOMMENDATIONS, GOALS, AND OBJECTIVES FOR THE FUTURE OF THE WHITNEY'S COLLECTION THAT IS INFORMED BY THE INSTITUTION'S HISTORY AND ENRICHED BY ITS DESIRE TO MAKE ITS HOLDINGS USEFUL, DYNAMIC,(SEE SCHEDULE O) AND RELEVANT FOR TODAY AND THE FUTURE. THE WHITNEY CONTINUES TO REFINE AND EXPERIMENT WITH ITS STRATEGIES FOR DISPLAYING MORE OF THE PERMANENT COLLECTION WITHIN ITS GALLERY SPACES. THE RESULTING COLLECTION DISPLAYS CREATE THEMATIC, ART HISTORICAL CONTEXTS AND COUNTERPOINTS TO THE ONGOING SPECIAL EXHIBITIONS PROGRAM, AND EXPLORE HOW THE INSTITUTION CAN CONTRIBUTE TO NEW NARRATIVES ABOUT AMERICAN CULTURE AND HISTORY. RICH DOCUMENTATION OF THESE INSTALLATIONS AND MANY OF THE ARTWORKS WITHIN THEM ALLOWED THESE EXHIBITIONS TO REMAIN ACCESSIBLE THROUGH THE MUSEUM'S WEBSITE. SINCE RE-OPENING TO THE PUBLIC IN FALL 2020, THE WHITNEY HAS ALSO CONTINUED TO FURTHER DEVELOP AND EXPAND MANY OF ITS DIGITAL AND HYBRID COLLECTION INITIATIVES THAT WERE FIRST INITIATED IN RESPONSE TO COVID-19 QUARANTINE RESTRICTIONS. WORK WAS ONGOING TO DIGITIZE THE MUSEUM'S COLLECTIONS, A PROJECT THAT IS A CRUCIAL ASPECT OF THE INCREASED SCOPE OF THE CURATORIAL, CONSERVATION, AND RESEARCH RESOURCES TEAMS IN ITS GREATLY ENLARGED FACILITY. THE WHITNEY'S PERMANENT COLLECTION REMAINED ONLINE AND AVAILABLE TO THE PUBLIC AS A SEARCHABLE RESOURCE AND IS UPDATED REGULARLY AS NEW WORKS ENTER THE COLLECTION. IMPORTANT LIBRARY AND SPECIAL COLLECTIONS HOLDINGS ARE KEPT ON SITE, AS WELL AS ABOUT 16,000 WORKS ON PAPER THAT ARE STORED IN THE SONDRA GILMAN STUDY CENTER, FACILITATING ACCESS TO THEM FOR CURATORS AND SCHOLARS. THE SONDRA GILMAN STUDY CENTER SUPPORTS CROSS-MEDIUM, CROSS-DISCIPLINARY RESEARCH, ALLOWING MUSEUM STAFF, ARTISTS, SCHOLARS, AND RESEARCHERS ACCESS TO THE COLLECTION AND OPPORTUNITY FOR CLOSE MATERIAL AND TECHNICAL EXAMINATION OF OBJECTS. AS SUCH, THE STUDY CENTER IS AN EXCEPTIONAL RESOURCE FOR HISTORIANS AND CURATORS OF MODERN AND CONTEMPORARY ART, MAKING THE WHITNEY'S WORLD-CLASS HOLDINGS AVAILABLE FOR PRIMARY RESEARCH AND IN-DEPTH CONSULTATION. PART-WAY THROUGH FY22 (IN FALL 2021), THE STUDY CENTER RE-OPENED FOLLOWING ITS CLOSURE DUE TO COVID-19. SINCE RE-OPENING, 33 EXTERNAL VISITS, WITH 115 UNIQUE VISITORS (20 OF THOSE BEING REPEAT VISITORS) WERE HELD IN THE STUDY CENTER. 4777000 316000 15700 EDUCATION PROGRAMSDURING FY22, THE WHITNEY'S EDUCATION DEPARTMENT COLLABORATED WITH COLLEAGUES ACROSS THE MUSEUM TO DEVELOP AND STRENGTHEN THE WHITNEY'S INFRASTRUCTURE FOR HYBRID PROGRAMMING AS THE COVID-19 PANDEMIC CONTINUED. ALL TEAMS DEVELOPED PROGRAMS TO ENGAGE THE WHITNEY'S WORLD-CLASS COLLECTION OF AMERICAN ART AND REACH THE DIVERSE ONLINE AUDIENCE THAT TYPICALLY VISITS THE MUSEUM. DURING FY22 THE MUSEUM SAW A SIGNIFICANT GROWTH OF IN PERSON VISITORS, AND MAINTAINED A VIRTUAL INTERNATIONAL AUDIENCE AND ONLINE PROGRAMMING ABOUT THE WHITNEY COLLECTION AND EXHIBITIONS DESIGNED BY MUSEUM EDUCATORS.(SEE SCHEDULE O)THE WHITNEY SERVED A TOTAL OF 60,809 VISITORS IN PERSON AND ONLINE, THROUGH SCHOOL, YOUTH, FAMILY, PUBLIC, AND ACCESS & COMMUNITY PROGRAMS. AN ADDITIONAL 947,720 ASYNCHRONOUS USERS ONLINE WERE SERVED THROUGH DIGITAL ENGAGEMENT WITH INTERPRETIVE CONTENT OF AUDIO GUIDES, RECORDED VIDEOS OF PROGRAMS ON YOUTUBE, AND PODCASTS. A TOTAL OF 10,242 OF THESE IN PERSON AND ONLINE VISITORS WERE K-12 STUDENTS. EDUCATION STAFF WORKED WITHIN AND ACROSS PROGRAM AREAS ON ZOOM TO PRESENT DYNAMIC PROGRAMMING THAT EXPLORED CRITICAL QUESTIONS ABOUT AMERICAN ART, CULTURE, AND SOCIETY. THE SCHOOL PROGRAM TEAM COMPLETED 356 ONLINE LESSONS AND SERVED 9,506 K-12 STUDENTS IN ONLINE AND IN-PERSON PROGRAMMING; 1,849 K-12 STUDENTS WERE FROM OUR 9 PARTNERSHIP SCHOOLS.IN ADDITION, THE WHITNEY EDUCATION DEPARTMENT CONTINUED ALL TEEN YOUTH INSIGHTS COHORTS WITH A TOTAL OF 119 MEETINGS AND TEEN'S EVENTS, SERVING A TOTAL OF 701 TEENS, OUT OF THESE NUMBER 101 TEENS PARTICIPATED INTO YOUTH INSIGHTS OR A LEADER PROGRAM. IN FY22, THE DEPARTMENT OFFERED ITS ANNUAL ART COLLEGE NIGHT FOR NYC TEENS, ON ZOOM. REPRESENTATIVES FROM COLLEGES IN THE NEW YORK AREA GAVE INFORMATION ABOUT SCHOLARSHIP OPPORTUNITIES, COLLEGE ESSAY WRITING TIPS, AND MUCH MORE. THE MUSEUM ALSO CONTINUED ITS COMMITMENT TO ACCESSIBILITY FOR VISITORS WITH DISABILITIES TO EXPERIENCE THE RICHNESS AND COMPLEXITY OF AMERICAN ART IN AN ACCESSIBLE AND INCLUSIVE ENVIRONMENT THROUGH REMOTE AND IN-PERSON OFFERINGS. THIS INCLUDES VISITORS WHO IDENTIFY AS DISABLED, D/DEAF, DEAF-BLIND, NEURODIVERGENT, AUTISTIC, LOW VISION AND/OR EXPERIENCE A RANGE OF COGNITIVE, INTELLECTUAL, AND DEVELOPMENTAL DISABILITY, PHYSICAL DISABILITY, CHRONIC ILLNESS AND/OR SENSORY SENSITIVITIES. WITH THE CONTINUATION OF THE COVID-19 PANDEMIC AND ITS ACUTE AND ONGOING IMPACT ON DISABILITY COMMUNITIES MOST PROGRAMMING REMAINED ONLINE. THE ACCESS TEAM FOCUSED ON EXPANDING ACCESS FEATURES ON THE MOBILE GUIDE TO SUPPORT VISITORS WITH DISABILITIES AS THEY ENGAGED WITH WHITNEY EXHIBITIONS, DURING FY22 401 PEOPLE ATTENDED AN ACCESS TOUR, AND A TOTAL OF 1,019 STUDENTS WITH DISABILITIES, FROM 19 DIFFERENT SCHOOLS, PARTICIPATED IN EITHER AN IN-PERSON GUIDED VISIT OR ONLINE LESSON.IN FY22 6,971 PEOPLE ATTENDED ARTMAKING WORKSHOPS, TOURS, AND COMMUNITY PROGRAMS. COMMUNITY PROGRAMS AT THE WHITNEY SERVED AS A FOCAL POINT FOR EXPLORATION, DIALOGUE, AND SELF-EXPRESSION FOR THE MUSEUM'S DIVERSE NEIGHBORS WITH A DESIRE TO CONNECT TO ART. COMMUNITY PROGRAMS DEVELOPED INDIVIDUALIZED EXTENDED PROGRAMS DESIGNED TO MEET THE SPECIFIC AND DIVERSE NEEDS OF OUR 14 DIFFERENT PARTNER ORGANIZATIONS AND TO PROVIDE EDUCATIONAL AND CULTURAL OPPORTUNITIES FOR UNDERSERVED AUDIENCES OF ALL AGES.PUBLIC PROGRAMS AND PUBLIC ENGAGEMENT PRESENTED PROVOCATIVE AND EXPERIMENTAL EVENTS THAT ENGAGE AUDIENCES IN CRITICAL DIALOGUES ON ART AND CULTURAL PRODUCTION. THE DIVISION PRESENTED 23 PROGRAMS AND 4 COURSES TO 25,978 VISITORS; RECORDINGS OF THESE PROGRAMS HAVE BEEN VIEWED APPROXIMATELY 37,730 TIMES AS OF JUNE 30, 2022. HIGHLIGHTS INCLUDED CONVERSATIONS, SYMPOSIA, READINGS, WORKSHOPS, AND SCREENINGS IN CONJUNCTION WITH DAWOUD BEY: AN AMERICAN PROJECT, DAVE MCKENZIE: THE STORY I TELL MYSELF, JULIE MEHRETU, JASPER JOHNS: MIND/MIRROR, MY BARBARIAN, JENNIFER PACKER: THE EYE IS NOT SATISFIED WITH SEEING, MAKING KNOWING, AND WHITNEY BIENNIAL 2022: QUIET AS IT'S KEPT.THROUGHOUT THE YEAR, THE PUBLIC PROGRAMS MAILING LIST CONTINUED TO GROW, ADDING NEARLY 5,000 NEW SUBSCRIBERS FOR A TOTAL OF APPROXIMATELY 26,000 INDIVIDUALS, AND THE MUSEUM BEGAN TO COLLECT FEEDBACK FROM PROGRAM ATTENDEES THROUGH SHORT SURVEYS AFTER PROGRAMS. IN JULY 2021, PROGRAMS WERE DEVELOPED TO BE IN A HYBRID FORMAT, ENABLING SPEAKERS AND AUDIENCES TO PARTICIPATE IN-PERSON OR VIRTUALLY, AS WELL AS CREATING OPPORTUNITIES TO DEEPEN THE ACCESSIBILITY OF THESE EVENTS. TWO EARLY HYBRID PROGRAMS WERE BLACK/QUEER/ABSTRACT: A CONVENING ON THE OCCASION OF JULIE MEHRETU AND THE FILMS OF ANDY WARHOL; THE ANNUAL WALTER ANNENBERG LECTURE FEATURING DAWOUD BEY WAS ALSO PRODUCED IN A HYBRID FORMAT. PUBLIC PROGRAMS FOCUSED ON MAKING EVENTS MORE ACCESSIBLE, ALL EVENTS WERE OFFERED WITH CLOSED CAPTIONING AND ASL INTERPRETATION WHEN REQUESTED, AS WELL AS LIVE SPANISH TRANSLATION.FAMILY PROGRAMS HAD 43 IN PERSON AND ONLINE ART CLUBS AND WORKSHOP STUDIOS SERVING A TOTAL OF 9,901 PEOPLE IN PERSON (BETWEEN KIDS AND ADULTS). ONE SUCH INITIATIVE WAS WHITNEY KIDS ART CHALLENGE, DESIGNED FOR KIDS AND ADULTS TO DO TOGETHER WITH MATERIALS EASILY FOUND IN THE HOME BASED ON WORKS IN THE WHITNEY'S PERMANENT COLLECTION. THE FAMILY PROGRAMS TEAM LEAD ONE OF THE LARGEST FAMILY EVENTS HOSTED AT THE MUSEUM: PRIDE ON THE WHITNEY LAWN, WHICH FEATURED LIVE READINGS FROM LGBTQ+ POETS HOSTED BY CHAVISA WOODS, AND INTERGENERATIONAL POETRY WORKSHOPS LED BY REGIE CABICO, AND FAMILY-FRIENDLY ACTIVITIES, INCLUDING HANDS-ON ARTMAKING, PERFORMANCES, PHOTO BOOTHS, GIVEAWAYS, THIS EVENT HAD MORE THAN 5,000 ATTENDEES. FOR MORE INFORMATION ABOUT WHITNEY EDUCATION, PLEASE VISIT WHITNEY.ORG/EDUCATION. 1983000 0 155595 PUBLICATION AND RETAIL SALES:MUSEUM RELATED AUXILLARY SERVICES THAT PROVIDE PRODUCTS RELATED TO THE MUSEUM'S COLLECTION AND EXHIBITIONS. 1983000 0 155595 49245000 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 321 0 1 482 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 51 50 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AR CA CO CT DC FL GA HI IL KY ME MD MA MI MN NH NJ NC ND OH OK OR PA RI SC UT VA WV WI X X ID ARUEDE CFOCO-CHIEF OPERATING OFFICER 2126711820 99 GANSEVOORT STREET NEW YORK NY 10014 ADAM D WEINBERG ALICE PRATT BROWN DIRECTOR 35.00 0.00 X X 933075 0 116602 FERN KAYE TESSLER BOARD PRESIDENT 1.00 0.00 X X 0 0 0 ROBERT J HURST CHAIRMAN OF EXECUTIVE COMMITTEE 1.00 0.00 X X 0 0 0 RICHARD M DEMARTINI CHAIRMAN 1.00 0.00 X X 0 0 0 NANCY CARRINGTON CROWN VICE CHAIRMAN/TRUSTEE 1.00 0.00 X X 0 0 0 PAMELLA G DEVOS VICE CHAIRMAN/TRUSTEE 1.00 0.00 X X 0 0 0 BETH RUDIN DEWOODY VICE CHAIRMAN/TRUSTEE 1.00 0.00 X X 0 0 0 MIYOUNG LEE VICE CHAIRMAN 1.00 0.00 X X 0 0 0 NANCY POSES VICE CHAIRMAN 1.00 0.00 X X 0 0 0 PAUL C SCHORR IV VICE CHAIRMAN 1.00 0.00 X X 0 0 0 ANNE-CECILIE ENGELL SPEYER VICE CHAIRMAN 1.00 0.00 X X 0 0 0 GAURAV K KAPADIA VICE PRESIDENT 1.00 0.00 X X 0 0 0 JULIE OSTROVER VICE PRESIDENT 1.00 0.00 X X 0 0 0 SCOTT RESNICK VICE PRESIDENT 1.00 0.00 X X 0 0 0 ROBERT ROSENKRANZ VICE PRESIDENT 1.00 0.00 X X 0 0 0 DAVID W ZALAZNICK VICE PRESIDENT/TRUSTEE 1.00 0.00 X X 0 0 0 BENNETT GOODMAN TREASURER 1.00 0.00 X X 0 0 0 RICHARD D SEGAL TREASURER/TRUSTEE 1.00 0.00 X X 0 0 0 JOANNE LEONHARDT CASSULLO SECRETARY/TRUSTEE 1.00 0.00 X X 0 0 0 JUDY HART ANGELO TRUSTEE 1.00 0.00 X 0 0 0 PAUL ARNHOLD TRUSTEE 1.00 0.00 X 0 0 0 JILL BIKOFF TRUSTEE 1.00 0.00 X 0 0 0 LESLIE BLUHM TRUSTEE 1.00 0.00 X 0 0 0 NEIL G BLUHM TRUSTEE 1.00 0.00 X 0 0 0 DAVID CANCEL TRUSTEE (AS OF 05/2022) 1.00 0.00 X 0 0 0 DAVID CAREY TRUSTEE 1.00 0.00 X 0 0 0 HENRY CORNELL TRUSTEE 1.00 0.00 X 0 0 0 FIONA IRVING DONOVAN TRUSTEE 1.00 0.00 X 0 0 0 FAIRFAX N DORN TRUSTEE 1.00 0.00 X 0 0 0 LISE EVANS TRUSTEE 1.00 0.00 X 0 0 0 VICTOR F GANZI TRUSTEE 1.00 0.00 X 0 0 0 HENRY LOUIS GATES JR TRUSTEE 1.00 0.00 X 0 0 0 ROBERT B GOERGEN TRUSTEE (THRU 06/30/2022) 1.00 0.00 X 0 0 0 KATJA GOLDMAN TRUSTEE 1.00 0.00 X 0 0 0 KENNETH C GRIFFIN TRUSTEE 1.00 0.00 X 0 0 0 SUSAN K HESS TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL E KASSAN EX OFFICO TRUSTEE 1.00 0.00 X 0 0 0 NEAL K KATYAL TRUSTEE (AS OF 03/2022) 1.00 0.00 X 0 0 0 CLAUDIA LAVIADA TRUSTEE 1.00 0.00 X 0 0 0 RAYMOND J LEARSY TRUSTEE (THRU 05/2022) 1.00 0.00 X 0 0 0 JONATHAN O LEE TRUSTEE 1.00 0.00 X 0 0 0 RAYMOND J MCGUIRE TRUSTEE 1.00 0.00 X 0 0 0 JULIE MEHRETU TRUSTEE (AS OF 09/2021) 1.00 0.00 X 0 0 0 ERIC L MOTLEY TRUSTEE 1.00 0.00 X 0 0 0 BROOKE GARBER NEIDICH TRUSTEE 1.00 0.00 X 0 0 0 JOHN C PHELAN TRUSTEE 1.00 0.00 X 0 0 0 JEN RUBIO TRUSTEE 1.00 0.00 X 0 0 0 MARY E BUCKSBAUM SCANLAN TRUSTEE 1.00 0.00 X 0 0 0 JONATHAN S SOBEL TRUSTEE 1.00 0.00 X 0 0 0 LAURIE M TISCH TRUSTEE 1.00 0.00 X 0 0 0 THOMAS E TUFT TRUSTEE 1.00 0.00 X 0 0 0 FRED WILSON TRUSTEE 1.00 0.00 X 0 0 0 PAMELA BESNARD CHIEF ADVANCEMENT OFFICER 35.00 0.00 X 363544 0 44144 AMY ROTH CO-CHIEF OPERATING OFFICER 35.00 0.00 X 372743 0 44064 IDEHEN ARUEDE CFO/CO-CHIEF OPERATING OFFICER 35.00 0.00 X 387433 0 29295 NICHOLAS S HOLMES GENERAL COUNSEL/ASSISTANT SECRETARY 35.00 0.00 X 205783 0 38271 SCOTT ROTHKOPF - SR DEP DIR NANCY&STEVEN CROWN FAM CHIEF CURATOR 35.00 0.00 X 415323 0 28748 CHRISTY L PUTNAM - ASSO DIR EXHIBITIONS & COLLECTIONS MANAGEMENT 35.00 0.00 X 214227 0 23937 CAROL C MANCUSI-UNGARO - MELVA BUCKSBAUM ASSO. DIR. CONSERV. & RSCH 35.00 0.00 X 254815 0 24915 STEPHANIE ADAMS DIR., INDIVIDUAL & PLANNED GIVING 35.00 0.00 X 215206 0 39584 LINDSAY POLLOCK THRU 042022 CHIEF COMMUNICATIONS & CONTENT OFF. 35.00 0.00 X 204612 0 13734 CHRISTINE MELLAMPE CHIEF HUMAN RESOURCES OFFICER 35.00 0.00 X 214445 0 20492 EUNICE LEE DIR., STRG. PARTNERSHIPS & EVENTS 35.00 0.00 X 203525 0 22769 ADRIAN HARDWICKE THRU 042021 CHIEF VISITOR EXPERIENCE OFFICER 35.00 0.00 X 160034 0 11690 4144765 0 458245 53 1 1 0 TEMPORARY WALLS INC 412 STONE ROW LANE BANGOR PA 18013 CONSTRUCTION 544000 MONTICELLO ASSOCIATES 1800 LARIMER STREET SUITE 2100 DENVER CO 80202 INVESTMENT ADVISORY COUNSULTANT 340000 KAUFF MCGUIRE & MARGOLIS LLP 950 THIRD AVENUE 14TH FL NEW YORK NY 10022 LEGAL SERVICES 305709 MASTERPIECE INTERNATIONAL 39 BROADWAY SUITE 1410 NEW YORK NY 10006 ART MOVING SERVICES 305413 AHERN HOLTZMAN INC 530 WILLET AVENUE PORTCHESTER NY 19065 CONSTRUCTION 305408 28 7972000 4998000 14636000 38576000 4540000 66182000 ADMISSION INCOME 900099 7648000 7648000 TRAVELING EXHIBITIONS 900099 282000 282000 ART LOAN FEES 900099 111000 111000 8041000 1627000 -66820 1693820 305400 305400 4369000 127000 4242000 4242000 4242000 115120000 84980000 30140000 30140000 30140000 144000 4998000 1038000 -894000 -894000 2299000 2121400 177600 155595 22005 INSURANCE RECOVERY 900099 150000 150000 CATERING/EVENT INCOME 900099 61500 61500 TUITION FEES 900099 15700 15700 7700 7700 234900 110055900 8212295 16685 35644920 316000 316000 3263000 1185000 1410000 668000 24106000 15186000 7944000 976000 1860000 1110000 643000 107000 4419000 2197000 2012000 210000 1741000 1124000 519000 98000 955000 955000 208000 208000 78000 78000 1015000 1015000 2505000 1049000 1438000 18000 2268000 2058000 209000 1000 1673000 1630000 37000 6000 5821000 3713000 2108000 749000 388000 272000 89000 1230000 963000 168000 99000 10266000 8038000 1404000 824000 2277000 891000 1386000 ART ACQUISTIONS 3317000 3317000 BUILDING SUPPLIES & REP 2167000 107000 2060000 0 EXHIBITION EXPENSES 1704000 1702000 2000 ART PACKING/SHIPPING 1402000 1401000 1000 4137900 2792000 1180900 165000 77477900 49245000 24970900 3262000 X 17235000 30581000 12694000 15640000 22046000 30003000 1217000 1420000 4644000 4544000 2778000 4077000 447561000 91621000 364464000 355940000 89062000 104755000 468643000 361538000 20171000 16935000 1002954000 925433000 8349000 7453000 1451000 1969000 98923000 96490000 27155000 23081000 135878000 128993000 X 415927000 398484000 451149000 397956000 867076000 796440000 1002954000 925433000 X 32578000 -104756000 1542000 X 0 1 X 1 0 X 58671000 56108000 82725000 48648000 66182000 312334000 58671000 56108000 82725000 48648000 66182000 312334000 39395459 272938541 5821000 9979000 8403000 6483000 6301400 36987400 1360000 1477000 707000 720000 301700 4565700 353887100 45950295 0.77130 0.75890 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS INCOME FROM FUNDRAISING EVENTS - 2017 AMOUNT: $ 948,000. 2018 AMOUNT: $ 989,000. 2019 AMOUNT: $ 415,000. 2020 AMOUNT: $ 720,000. 2021 AMOUNT: $ 144,000. INSURANCE RECOVERY - 2017 AMOUNT: $ 0. 2018 AMOUNT: $ 0. 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 150,000. MISCELLANEOUS INCOME - 2017 AMOUNT: $ 412,000. 2018 AMOUNT: $ 488,000. 2019 AMOUNT: $ 292,000. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 7,700. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 78000 0 0 78000 0 PART II-B, LINE 1, LOBBYING ACTIVITIES: THE WHITNEY MUSEUM DOES NOT ENGAGE IN ANY DIRECT LOBBYING ACTIVITIES ITSELF. IN FISCAL YEAR 2022, THE MUSEUM ENGAGED THE SERVICES OF A LOBBYIST TO ASSIST IN PREPARING MATERIALS AND CONDUCTING MEETINGS TO GAIN FUNDING FOR THE MUSEUM'S CAPITAL PROJECTS IN STATE AND LOCAL BUDGETS. X X X X 1 481944000 10644000 -66710000 15046000 410832000 371839000 9199000 108663000 7757000 481944000 372314000 3530000 11834000 15839000 371839000 357673000 12031000 17630000 15020000 372314000 339078000 7475000 24942000 13822000 357673000 0.12315 0.66808 0.20877 0 0 34662000 34662000 387202000 85463000 301739000 2002000 2002000 0 23216000 4156000 19060000 479000 479000 355940000 EQUITY INVESTMENT FUNDS 120796000 F ALTT. INV.: MULTI-STRATEGY & OTHER 109850000 F EQUITY LONG/SHORT 64409000 F PRIVATE EQUITY 54007000 F INVESTMENT REDEMPTION RECEIVABLES 6823000 F REAL ASSETS 5653000 F 361538000 OPERATING LEASE LIABILITIES 17694000 ACCRUED PENSION OBLIGATION 3555000 BOND INTEREST PAYABLE 1832000 23081000 X 5717000 -104756000 241000 1542000 -102973000 108690000 1004000 361900 1365900 110055900 76353000 241000 241000 76112000 1004000 361900 1365900 77477900 PART III, LINE 1A: COLLECTIONS OF ART, HISTORICAL TREASURES OR OTHER SIMILAR ASSETS: THE MUSEUM HAS AN EXTENSIVE COLLECTION OF ART, INCLUDING PAINTINGS, SCULPTURE, PHOTOGRAPHS, DRAWINGS, PRINTS, AND FILMS AND VIDEOS. THE COLLECTION IS MAINTAINED UNDER THE CARE OF THE REGISTRATION DEPARTMENT STAFF AND IS HELD FOR RESEARCH, EDUCATION AND PUBLIC EXHIBITION IN FURTHERANCE OF PUBLIC SERVICE, RATHER THAN FOR FINANCIAL GAIN. PROCEEDS FROM THE SALE OF COLLECTION ITEMS ARE USED TO ACQUIRE OTHER ITEMS FOR THE COLLECTION. THE MUSEUM DOES NOT INCLUDE EITHER THE COST OR THE VALUE OF ITS COLLECTION IN THE STATEMENT OF FINANCIAL POSITION, NOR DOES IT RECOGNIZE GIFTS OF COLLECTION ITEMS AS REVENUES IN THE STATEMENT OF ACTIVITIES. SINCE ITEMS ACQUIRED FOR THE COLLECTION BY PURCHASE ARE NOT CAPITALIZED, THE COST OF THOSE ACQUISITIONS IS REPORTED AS DECREASES IN NET ASSETS IN THE STATEMENT OF ACTIVITIES. PART III, LINE 4: COLLECTIONS OF ART, HISTORICAL TREASURES OR OTHER SIMILAR ASSETS: THE WHITNEY MUSEUM OF AMERICAN ART SEEKS TO BE THE DEFINING MUSEUM OF THE 20TH & 21ST CENTURY AMERICAN ART. THE MUSEUM COLLECTS, EXHIBITS, PRESERVES, RESEARCHES AND INTERPRETS ART OF THE UNITED STATES IN THE BROADCAST GLOBAL, HISTORICAL AND INTERDISCIPLINARY CONTEXTS. AS THE PREEMINENT ADVOCATE FOR AMERICAN ART, WE FOSTER THE WORK OF LIVING ARTISTS AT THE CRITICAL MOMENTS IN THEIR CAREERS. THE WHITNEY EDUCATES A DIVERSE PUBLIC THROUGH DIRECT INTERACTION WITH ARTISTS, OFTEN BEFORE THEIR WORK HAS ACHIEVED GENERAL ACCEPTANCE. PART V, LINE 4: ORGANIZATION'S ENDOWMENT FUNDS: THE MUSEUM'S ENDOWMENT CONSISTS OF 147 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, PRIMARILY TO SUPPORT THE GENERAL OPERATIONS AND EXHIBITION PROGRAMS OF THE MUSEUM, AS WELL AS THE SUPPORT OF THE BIENNIAL EXHIBITION PROGRAM, PERMANENT COLLECTION ACQUISITIONS, AND CURATORIAL SUPPORT. PART X, LINE 2: FIN 48 OVERVIEW THE MUSEUM FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE MUSEUM IS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE (THE "CODE") SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE MUSEUM HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED BUSINESS INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE MUSEUM HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN ITS FINANCIAL STATEMENTS. IN ADDITION, THE MUSEUM HAS NOT RECORDED A PROVISION FOR INCOME TAXES, AS IT HAS NO MATERIAL TAX LIABILITY FROM UNRELATED BUSINESS INCOME ACTIVITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN POST-RETIREMENT HEALTH AND OTHER BENEFITS OTHER THAN NET PERIODIC PENSION CHARGES AND SERVICE COST 1,605,000 NET PERIODIC PENSION CHARGES OTHER THAN SERVICE COST -63,000 TOTAL TO SCHEDULE D, PART XI, LINE 2D 1,542,000 PART XI AND XII, LINE 4B - OTHER ADJUSTMENTS: RESTAURANT EXPENSES 256,900 TRAVELING EXHIBITION FEES 105,000 TOTAL TO SCHEDULE D, PART XI AND XII, LINE 4B 361,900 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 176624620 NORTH AMERICA 0 0 PROGRAM SERVICES TRAVELING EXHIBITIONS 4000 0 0 0 0 0 0 176628620 0 176628620 1 0 1 0 1 0 PART III ACCOUNTING METHOD: FORM 990, SCHEDULE F, PART IV: THE MUSEUM INVESTS IN DOMESTIC AND FOREIGN INVESTMENT VEHICLES THAT MAY OWN AN INTEREST IN A FOREIGN CORPORATION, PASSIVE FOREIGN INVESTMENT COMPANY, OR FOREIGN PARTNERSHIP. NEVERTHELESS, THE MUSEUM'S INVESTMENT ACTIVITIES MAY NOT REACH THE THRESHOLDS REQUIRED FOR FILING THE FORMS 926, 5471, 8621 OR 8865. TO THE EXTENT SUCH A FORM WAS COMPLETED, IT HAS BEEN FILED WITH THE ORGANIZATION'S FORM 990-T. GALA AND STUDIO PARTY 5142000 4998000 144000 56000 162000 11300 808700 5142000 4998000 144000 56000 162000 11300 808700 1038000 -894000 1 FELLOWSHIPS 108 316000 PART I, LINE 2: THE WHITNEY MUSEUM'S INTERN PROGRAM OFFERS TRAINING AND DIRECT EXPERIENCE WORKING IN ONE OF NEW YORK CITY'S MOST EXCITING MUSEUMS. INTERNS ARE PLACED IN DEPARTMENTS ACROSS THE MUSEUM WHERE THEY ASSIST PROFESSIONAL STAFF, INTERACT WITH THE PUBLIC, CONDUCT RESEARCH, PROVIDE ADMINISTRATIVE SUPPORT, AND LEARN ABOUT MODERN AND CONTEMPORARY AMERICAN ART. INTERNS ALSO GAIN VALUABLE TRAINING, SKILLS, AND WORK EXPERIENCE AS WELL AS AN OPPORTUNITY TO BUILD A NETWORK OF PROFESSIONAL CONTACTS. INTERNS ARE ASSIGNED TO A SPECIFIC MUSEUM DEPARTMENT FOR THE DURATION AND ARE PARTNERS WITH A MENTOR FOR THE DURATION OF THEIR INTERNSHIP. THE WHITNEY MUSEUM OFFERS SUMMER AND ACADEMIC YEAR INTERNSHIPS. THE SUMMER INTERNSHIP IS A FULL-TIME, PAID, NINE-WEEK SESSION PRIMARILY FOR UNDERGRADUATE STUDENTS. THE PROGRAM INCLUDES TRAINING, DIRECT WORK EXPERIENCE, PROFESSIONAL DEVELOPMENT, AND A WEEKLY SPEAKER SERIES. THE ACADEMIC YEAR INTERNSHIP PROGRAM OFFERS A SEMESTER LONG INTERNSHIP FOR UNDERGRADUATE AND GRADUATE STUDENTS CURRENTLY ENROLLED IN AN ACCREDITED ACADEMIC PROGRAM. THE MUSEUM IS NOT REQUIRED TO UNDERTAKE ANY MONITORING ON THE USE OF THE FUNDS, SINCE ALL FELLOWSHIP RECIPIENTS RECEIVE THE AWARD IN EXCHANGE FOR THE INTERN SERVICES RENDERED. X 1 1 X X X 1 1 0 0 0 0 0 1 0 ADAM D WEINBERG ALICE PRATT BROWN DIRECTOR 716343 0 1500 0 215232 0 92360 0 24242 0 1049677 0 0 0 SCOTT ROTHKOPF - SR DEP DIR NANCY&STEVEN CROWN FAM CHIEF CURATOR 413823 0 1500 0 0 0 19232 0 9516 0 444071 0 0 0 AMY ROTH CO-CHIEF OPERATING OFFICER 371243 0 1500 0 0 0 19822 0 24242 0 416807 0 0 0 IDEHEN ARUEDE CFO/CO-CHIEF OPERATING OFFICER 385933 0 1500 0 0 0 19822 0 9473 0 416728 0 0 0 PAMELA BESNARD CHIEF ADVANCEMENT OFFICER 362044 0 1500 0 0 0 19902 0 24242 0 407688 0 0 0 CAROL C MANCUSI-UNGARO - MELVA BUCKSBAUM ASSO. DIR. CONSERV. & RSCH 253315 0 1500 0 0 0 15683 0 9232 0 279730 0 0 0 STEPHANIE ADAMS DIR., INDIVIDUAL & PLANNED GIVING 213706 0 1500 0 0 0 15511 0 24073 0 254790 0 0 0 NICHOLAS S HOLMES GENERAL COUNSEL/ASSISTANT SECRETARY 199283 0 6500 0 0 0 14225 0 24046 0 244054 0 0 0 CHRISTY L PUTNAM - ASSO DIR EXHIBITIONS & COLLECTIONS MANAGEMENT 212727 0 1500 0 0 0 14619 0 9318 0 238164 0 0 0 CHRISTINE MELLAMPE CHIEF HUMAN RESOURCES OFFICER 212945 0 1500 0 0 0 0 0 20492 0 234937 0 0 0 EUNICE LEE DIR., STRG. PARTNERSHIPS & EVENTS 197025 0 6500 0 0 0 13809 0 8960 0 226294 0 0 0 LINDSAY POLLOCK THRU 042022 CHIEF COMMUNICATIONS & CONTENT OFF. 203112 0 1500 0 0 0 13166 0 568 0 218346 0 0 0 ADRIAN HARDWICKE THRU 042021 CHIEF VISITOR EXPERIENCE OFFICER 83546 0 0 0 76488 0 4283 0 7407 0 171724 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE: THE WHITNEY MUSEUM PROVIDES A HOUSING ALLOWANCE TO THE ALICE PRATT BROWN DIRECTOR, ADAM D. WEINBERG PURSUANT TO THE TERMS OF HIS WRITTEN EMPLOYMENT CONTRACT; TO THE EXTENT THAT HOUSING IS TAXABLE, IT IS INCLUDED IN HIS TAXABLE WAGES AND REPORTED IN SCHEDULE J, PART II, COLUMN B(III). PART I, LINES 4A-B SEVERANCE PAYMENTS: DURING THE CALENDAR YEAR 2021, CHIEF VISITOR EXPERIENCE OFFICER, ADRIAN HARDWICKE RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $76,488. THIS AMOUNT IS INCLUDED IN SCHEDULE J, PART II, COLUMN B(III). NON-QUALIFIED RETIREMENT PLAN: IN CALENDAR YEAR 2021, ADAM WEINBERG RECEIVED $72,410 IN CONTRIBUTIONS INTO HIS DEFERRED COMPENSATION PLAN; THIS AMOUNT IS REPORTED IN FORM 990, SCHEDULE J, PART II, COLUMN (C). ANY EARNINGS ON AMOUNTS CONTRIBUTED INTO THIS PLAN ARE NOT INCLUDED IN SCHEDULE J (AS REQUIRED BY THE FORM 990 INSTRUCTIONS) AND WILL BE REPORTED AT SUCH TIME AS THE DEFERRED COMPENSATION IS PAID OUT. PART I, LINE 7 THE MUSEUM DIRECTORS AUTHORIZED A $1,500 BONUS TO ALL MUSEUM EMPLOYEES WHO PERFORMED EXCELLENTLY THROUGHOUT THE CHALLENGING COVID-19 PANDEMIC. ADDITIONAL SMALL BONUSES WERE PROVIDED TO NICHOLAS HOLMES AND EUNICE LEE TO RECOGNIZE THEM FOR MEETING CERTAIN PERFORMANCE RELATED OBJECTIVES. A THE TRUST FOR CULTURAL RESOURCES OF THE CITY OF NEW YORK 131789318 649717VM4 2021-01-07 101213818 SEE PART V BELOW 0 0 0 A 101213818 854400 100083367 276052 2021 1 0 1 1 A 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 0 A 1 SCHEDULE K, SUPPLEMENTAL INFORMATION: IN JANUARY 2021, THE TRUST FOR CULTURAL RESOURCES OF THE CITY OF NEW YORK (THE "TRUST") ISSUED SERIES 2021 REFUNDING REVENUE BONDS PURSUANT TO THE REFUNDING REVENUE BOND RESOLUTION (WHITNEY MUSEUM OF AMERICAN ART), AS SUPPLEMENTED BY THE SERIES 2021 RESOLUTION, EACH ADOPTED BY THE TRUST ON DECEMBER 7, 2020, THE PROCEEDS OF WHICH HAVE BEEN LOANED TO THE MUSEUM PURSUANT TO A LOAN AGREEMENT DATED AS OF JANUARY 1, 2021 BY AND BETWEEN THE MUSEUM AND THE TRUST. SUCH PROCEEDS HAVE BEEN APPLIED TO THE REFINANCING OF THE MUSEUM'S 2011 REVENUE BONDS WHICH WERE USED TO FINANCE THE MUSEUM'S NEW DOWNTOWN FACILITY LOCATED IN THE MEATPACKING DISTRICT IN MANHATTAN, NEW YORK. SCHEDULE K, PART II, LINE 1: THE MUSEUM'S TAX-EXEMPT BOND IS AN INTEREST-ONLY BOND; THE MUSEUM WILL BE REQUIRED TO REPAY THE BOND IN FULL IN THE YEAR ENDING JUNE 30, 2032. SCHEDULE K, PART II, LINE 10: OTHER SPENT PROCEEDS REFLECT $270,982 OF AN UNDERWRITER'S DISCOUNT AND $5,070 OF ADDITIONAL CASH PROCEEDS NOT IDENTIFIED ELSEWHERE ON THE SCHEDULE K. SCHEDULE K, PART III, LINE 2: THE MUSEUM ENTERS INTO VARIOUS LICENSE AGREEMENTS WHICH ARE ALLOCATED TO THE NON-FINANCED PORTION OF THE SPACE. X 17 N/A X 73 4509000 FAIR MARKET VALUE X LAPTOPS 38 31000 FAIR MARKET VALUE 17 0 1 1 PART I, LINE 32B: TO THE EXTENT THE MUSEUM RECEIVES DONATIONS OF SECURITIES OR OTHER INVESTMENT ASSETS, IT CONVERTS THOSE ASSETS, INTO CASH. IN ADDITION, THE MUSEUM OCCASIONALLY COMMISSIONS LIMITED EDITION WORKS OF ART THAT WILL BE SOLD TO SUPPLEMENT THE MUSEUM'S FUNDRAISING EFFORTS. THE MUSEUM WILL ENGAGE THIRD PARTY VENDORS TO SELL THESE WORKS OF ART. PART I, LINE 33: NO AMOUNT IS REPORTED ON FORM 990, PART VIII, STATEMENT OF REVENUE, LINE 1G, BECAUSE THE WHITNEY DOES NOT CAPITALIZE ITS COLLECTIONS, AS PERMITTED UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. FORM 990, PART III, LINE 1 (ORGANIZATION'S MISSION CONTINUED): AS THE PREEMINENT ADVOCATE FOR AMERICAN ART, WE FOSTER THE WORK OF LIVING ARTISTS AT CRITICAL MOMENTS IN THEIR CAREERS. THE WHITNEY EDUCATES A DIVERSE PUBLIC THROUGH DIRECT INTERACTION WITH ARTISTS, OFTEN BEFORE THEIR WORK HAS ACHIEVED GENERAL ACCEPTANCE. THE WHITNEY MUSEUM OF AMERICAN ART WAS FOUNDED BY GERTRUDE VANDERBILT WHITNEY IN 1930. AN ARTIST AND PHILANTHROPIST, SHE BELIEVED THAT ARTISTS WERE ESSENTIAL TO DEFINING, CHALLENGING, AND EXPANDING CULTURE. THE MUSEUM BECAME A SITE WHERE ARTISTS AND AUDIENCES ENGAGED OPENLY WITH UNTESTED IDEAS. TODAY, THIS HISTORY INFORMS WHO WE ARE AND HOW WE SERVE OUR PUBLIC. THE WHITNEY BELIEVES: - IN THE POWER OF ARTISTS AND ART TO SHAPE LIVES AND COMMUNITIES; - THAT WE MUST BE AS EXPERIMENTAL, RESPONSIVE, AND RISK-TAKING AS THE ARTISTS WITH WHOM WE COLLABORATE; - IN CREATING EXPERIENCES THAT ENGAGE AND RAISE QUESTIONS FOR OUR AUDIENCES, AND, IN TURN, LEARNING FROM OUR AUDIENCES; - THAT OUR WORK EMBRACES COMPLEXITY AND ENCOURAGES AN INCLUSIVE IDEA OF AMERICA; - IN THE IMPORTANCE OF HISTORY: THAT THE PAST INFORMS OUR PRESENT AND THAT CONTEMPORARY ART CAN HELP US BETTER UNDERSTAND OUR PAST AND REALIZE OUR FUTURE; - THAT WE MUST LEAD WITH EXPERTISE, DEBATE, SELF-REFLECTION, AND INTEGRITY; - THAT THE WHITNEY THRIVES BECAUSE OF RELATIONSHIP SAMONG ARTISTS, AUDIENCES, STAFF, AND BOARD ALIKE FORGED FROM DIALOGUE, PREMISED ON RESPECT, AND COMMITTED TO A SHARED PURPOSE. FORM 990, PART VI, SECTION A, LINE 1A VOTING MEMBERS: IN ACCORDANCE WITH THE MUSEUM'S BY-LAWS, THE EXECUTIVE COMMITTEE CONSISTS ENTIRELY OF MUSEUM TRUSTEES. THE EXECUTIVE COMMITTEE CURRENTLY CONSISTS OF 22 MEMBERS AND IS COMPOSED OF CERTAIN TRUSTEE OFFICERS, CERTAIN TRUSTEE COMMITTEE CHAIRS, AND OTHER TRUSTEES ELECTED BY RESOLUTION OF THE BOARD OF TRUSTEES. BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, AND SUBJECT TO THE GENERAL POLICIES ESTABLISHED BY THE BOARD, THE EXECUTIVE COMMITTEE HAS ALL THE POWERS OF THE FULL BOARD, EXCLUDING (I) THE REMOVAL OF TRUSTEES AND OFFICERS, (II) APPOINTING OF COMMITTEE CHAIRS, AND (II) AMENDING THE BY-LAWS. FORM 990, PART VI, SECTION A, LINE 2 FAMILY/BUSINESS RELATIONSHIPS: NEIL BLUHM (TRUSTEE) AND LESLIE BLUHM (TRUSTEE) HAVE A FAMILY RELATIONSHIP. DAVID W. ZALAZNICK (TRUSTEE) AND THOMAS E. TUFT (TRUSTEE), NEIL G. BLUHM (TRUSTEE) HAVE A BUSINESS RELATIONSHIP. RICHARD M. DEMARTINI (CHAIRMAN) AND ROBERT J. HURST (CHAIRMAN OF EXECUTIVE COMMITTEE) HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS: THE MUSEUM'S FORM 990 TAX FILING IS COMPILED BASED ON INFORMATION OBTAINED FROM THE MUSEUM'S GENERAL LEDGER, AUDITED FINANCIAL STATEMENTS AND OTHER FINANCIAL SYSTEMS. THE MUSEUM'S CO-CHIEF OPERATING OFFICER AND CHIEF FINANCIAL OFFICER, SENIOR FINANCE/ACCOUNTING STAFF, GENERAL COUNSEL AND EXTERNAL TAX ADVISORS PARTICIPATE IN A SERIES OF DETAILED REVIEWS OF ALL INFORMATION TO BE INCLUDED IN THE FILING. ALL INFORMATION INCLUDED IN THE RETURN IS REVIEWED BY THE GROUP FOR ACCURACY AND CONTENT. THE COMPLETED FORM 990 AND RELATED SCHEDULES ARE ALSO PROVIDED TO THE MUSEUM'S SENIOR MANAGEMENT AND REVIEWED IN DETAIL WITH THE CO-CHIEF OPERATING OFFICER AND CHIEF FINANCIAL OFFICER. FINALLY, A PUBLIC INSPECTION COPY IS PROVIDED TO EACH MEMBER OF THE BOARD OF TRUSTEES PRIOR TO FILING THE RETURN. THE MUSEUM'S EXTERNAL TAX ADVISORS FILE THE FORM 990 ELECTRONICALLY WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT: THE MUSEUM'S CODE OF ETHICS CONTAINS DETAILED DISCLOSURE REQUIREMENTS WITH RESPECT TO THE CONFLICTS OF INTERESTS FOR ITS BOARD AND STAFF. ON A REGULAR BASIS, THE BOARD AND OFFICERS OF THE MUSEUM COMPLETE A CONFLICTS OF INTEREST QUESTIONNAIRE. RESPONSES ARE COMPILED, REVIEWED WITH GENERAL COUNSEL AND THE CO-CHIEF OPERATING OFFICER AND CHIEF FINANCIAL OFFICER, AND FORWARDED TO THE AUDIT COMMITTEE. IF A CONFLICT IS DISCLOSED, BOARD MEMBERS WITH POTENTIAL CONFLICTS MAY NOT PARTICIPATE IN DELIBERATIONS AND NEED TO RECUSE THEMSELVES FROM VOTING ON PARTICULAR MATTERS. IN ADDITION, OFFICERS AND KEY EMPLOYEES ARE ASKED ANNUALLY TO REVIEW AND ACKNOWLEDGE COMPLIANCE WITH THE MUSEUM'S CODE OF ETHICS. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION: THE MUSEUM HAS A HUMAN RESOURCES/COMPENSATION COMMITTEE OF THE BOARD MEMBERS INCLUDE THE CHAIRMAN, PRESIDENT, CHAIR OF THE FINANCE COMMITTEE ALONG WITH THREE OTHER TRUSTEES. THE COMMITTEE MEETS PERIODICALLY TO REVIEW PERFORMANCE AND COMPENSATION FOR THE DIRECTOR AND CERTAIN OTHER SENIOR STAFF. AS PART OF THE PROCESS, THE COMMITTEE REVIEWS COMPARATIVE DATA OBTAINED FROM SEVERAL INDEPENDENT SOURCES WHICH PROVIDE DATA FOR SIMILAR POSITIONS IN NEW YORK CITY AND NATIONALLY. FORM 990, PART VI, SECTION C, LINE 19 HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC: AUDITED FINANCIAL STATEMENTS AND THE FORM 990 ARE MADE AVAILABLE ON THE MUSEUM'S WEBSITE. ALL OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST AT MANAGEMENT'S DISCRETION. PART X, LINE 15: THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") IMPLEMENTED A NEW LEASE ACCOUNTING STANDARD THAT BECAME EFFECTIVE FOR WHITNEY MUSEUM OF AMERICAN ART IN THE YEAR ENDING JUNE 30, 2021. THIS ACCOUNTING STANDARD WAS EFFECTUATED TO IMPROVE THE TRANSPARENCY SURROUNDING KEY INFORMATION PERTAINING TO AN EXEMPT ORGANIZATION'S LEASING ARRANGEMENTS (AND TO ENSURE THAT ALL ORGANIZATIONS WERE RECORDING THE TRANSACTIONS UNIFORMLY ON THEIR BALANCE SHEETS). FORM 990, PART XI, LINE 9: CHANGE IN POST-RETIREMENT HEALTH AND OTHER BENEFITS OTHER THAN NET PERIODIC PENSION CHARGES AND SERVICE COST 1,605,000. NET PERIODIC PENSION CHARGES OTHER THAN SERVICE COST -63,000. FORM 990 - GENERAL: AMOUNTS REFLECTED IN THE 2021 FORM 990 FOR THE YEAR ENDED JUNE 30, 2022 HAVE BEEN ROUNDED TO THE NEAREST THOUSAND TO CONFORM WITH THE PRESENTATION IN THE MUSEUM'S AUDITED FINANCIAL STATEMENTS.