2023-06-05T14:53:41-05:00 2022-09-30 390758449 WIPFLI LLP 30 LONG CREEK DRIVE SOUTH PORTLAND ME 041062437 990 2021-10-01 010368070 THE WILLIAM A FARNSWORTH LIBRARY AND ART MUSEUM INC WILL 2075966457 356 MAIN STREET ROCKLAND ME 04841 CHRISTOPHER BROWNAWELL EXECUTIVE DIRECTOR 2075966457 2023-06-05 1 CHRISTOPHER BROWNAWELL 999009999 PATRICK NICHOLAS CPA P00289567 2077745701 2023-06-05 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z CHRISTOPHER BROWNAWELL 356 MAIN STREET ROCKLAND ME 04841 11469653 0 X WWW.FARNSWORTHMUSEUM.ORG X 1987 ME THE MUSEUM'S MISSION IS TO CELEBRATE MAINE'S ROLE IN AMERICAN ART. TO ACCOMPLISH THAT MISSION THE MUSEUM PROVIDES AN EXTENSIVE OFFERING OF COLLECTIONS, EXHIBITIONS, EDUCATION AND RETAIL SERVICES TO THE GENERAL PUBLIC. 19 19 60 45 116 0 4798102 2918335 488929 2645361 643905 599036 334077 472374 6265013 6635106 0 0 0 0 2543631 2809277 0 0 1190862 2036784 2363406 4580415 5172683 1684598 1462423 37115560 34202872 2182043 274571 34933517 33928301 X THE MUSEUM'S MISSION IS TO CELEBRATE MAINE'S ROLE IN AMERICAN ART. TO ACCOMPLISH THAT MISSION THE MUSEUM PROVIDES AN EXTENSIVE OFFERING OF COLLECTIONS, EXHIBITIONS, EDUCATION AND RETAIL SERVICES TO THE GENERAL PUBLIC. 0 0 2009433 0 2705206 CURATORIAL AND LIBRARY -SEE SCHEDULE O 624615 0 44994 EDUCATION PROGRAM ACCOMPLISHMENTS - SEE SCHEDULE O 675481 0 0 MUSEUM STORE 3309529 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 71 0 1 60 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X NEDRA BELLOWS 2075966457 356 MAIN STREET ROCKLAND ME 04841 GERRY ISOM PRESIDENT 1.00 X X 0 0 0 STEPHANIE L BROWN VICE PRESIDENT 1.00 X X 0 0 0 LISA GARRISON 2ND VICE PRESIDENT 1.00 X X 0 0 0 GREG KNOWLTON TREASURER 1.00 X X 0 0 0 PAULA J CARREIRO SECRETARY 1.00 X X 0 0 0 ALEXIS AKRE TRUSTEE 1.00 X 0 0 0 ALLA BROEKSMIT TRUSTEE 1.00 X 0 0 0 SYLVIA A DE LEON TRUSTEE 1.00 X 0 0 0 WENDY DRUMMOND TRUSTEE 1.00 X 0 0 0 VICTORIA GOLDSTEIN TRUSTEE 1.00 X 0 0 0 LISA KRANC TRUSTEE 1.00 X 0 0 0 ROBERT E KULP TRUSTEE 1.00 X 0 0 0 BETTY G LONG TRUSTEE 1.00 X 0 0 0 THOMAS A RENYI TRUSTEE 1.00 X 0 0 0 JAMES ROWAN TRUSTEE 1.00 X 0 0 0 KENNETH SHURE TRUSTEE 1.00 X 0 0 0 RON STERN TRUSTEE 1.00 X 0 0 0 SUSAN ALLEN THOMAS TRUSTEE 1.00 X 0 0 0 LAURA WACK TRUSTEE 1.00 X 0 0 0 CHRIS BROWNAWELL EXECUTIVE DIRECTOR 39.00 1.00 X 306897 0 18118 NEDRA BELLOWS CHIEF FINANCIAL OFFICER 40.00 X 107131 0 7018 MICHAEL KOMANECKY CURATOR 40.00 X 125728 0 606 ANN SCHEFLEN CHIEF ADVANCEMENT OFFICER 40.00 X 161080 0 14137 700836 0 39879 4 0 1 0 0 262021 333364 80171 2242779 720936 2918335 ACCESSIONS OF COLLECTIONS 900099 2148205 2148205 ADMISSIONS 611710 452162 452162 FEES FOR ART CLASSES 611610 44994 44994 2645361 594446 116 594330 42642 0 42642 42642 42642 4558019 4553429 4590 4590 4590 0 333364 0 0 606011 281118 324893 324893 INSURANCE CLAIM 900099 75285 75285 OTHER REVENUE 900099 29554 29554 104839 6635106 2750200 116 966455 X 401740 81254 239232 81254 2046570 1365320 112143 569107 227377 179436 7346 40595 133590 58690 42871 32029 572605 221702 64608 286295 93413 28854 32057 32502 47274 18418 1437 27419 74909 27545 1651 45713 519091 437915 57975 23201 9903 8162 337 1404 10 10 80361 62754 12464 5143 102061 91095 9897 1069 ACCESSIONS 319356 319356 SUPPLIES AND MATERIALS 268012 219082 32018 16912 EXHIBITS 74799 74799 MAINTENANCE 51941 29151 19284 3506 149671 85996 38962 24713 5172683 3309529 672292 1190862 776971 1827742 1687915 1236056 40582 7428935 0 287908 255761 23123 39313 17552522 9051043 314545 8501479 18553923 16051629 7914088 6184671 128152 65639 37115560 34202872 2181275 274571 768 2182043 274571 X 7534719 11655550 27398798 22272751 34933517 33928301 37115560 34202872 X 1462423 -3227652 760013 X X 0 1 X 1 0 X 6394993 3008922 3089448 4118212 2918335 19529910 6394993 3008922 3089448 4118212 2918335 19529910 3660465 15869445 509823 580585 567420 567571 637088 2862487 136340 16713 18438 18780 104839 295110 22687507 6135070 0.69950 0.71250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 26468011 1248385 -4375069 1105027 22236300 22094094 1544837 3792743 963663 26468011 20875393 346364 1795712 923369 22094094 20027995 1332100 411833 896535 20875393 18810973 519870 1206260 509108 20027995 0.10000 0.90000 0.00000 1 0 244958 244958 16248735 8319150 7929585 277684 115708 161976 754982 590022 164960 26163 26163 0 8501479 LIMITED PARTNERSHIPS 176899 F PERPETUAL TRUST HELD BY OTHERS 6007772 F 6184671 -5454707 -3227652 -8862161 -12089813 6635106 0 6635106 5453801 281118 281118 5172683 0 5172683 PART III, LINE 1A: THE VALUE OF THE LIBRARY AND ART COLLECTIONS HELD BY THE MUSEUM IS NOT INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. PURCHASES OF COLLECTION ITEMS ARE MADE FROM PROCEEDS OF DEACCESSIONS AND GIFTS OF CASH AND INCOME FROM CERTAIN TRUSTS RESTRICTED BY DONORS FOR ART AQUISITIONS. THE COLLECTION OF THE MUSEUM CONSISTS OF MORE THAN 15,000 OBJECTS INCLUDING PAINTINGS, WATERCOLORS, SCULPTURE, PRINTS, DRAWINGS, PHOTOGRAPHS, AND HISTORICAL ARTIFACTS (PRIMARILY RELATED TO THE HOMESTEAD). CONSISTENT WITH THE MUSEUM'S MISSION STATEMENT, THE COLLECTION EMPHASIZES WORKS BY AMERICAN ARTISTS, ESPECIALLY ARTISTS WHO HAVE WORKED IN MAINE. AS A WHOLE, THE COLLECTION PRESENTS A SURVEY OF MAINE'S ROLE IN THE HISTORY OF AMERICAN ART FROM THE LATE 18TH CENTURY TO THE PRESENT. THE MUSEUM CONTINUES TO ACTIVELY COLLECT AMERICAN ART THROUGH PURCHASE AND GIFTS. ALL WORKS IN THE PERMANENT COLLECTION ARE ASSIGNED A UNIQUE "ACCESSION" NUMBER AND PLACED IN SECURE STORAGE WHEN NOT ON EXHIBIT AT THE MUSEUM OR ON LOAN TO OTHER MUSEUMS. THE MUSEUM ONLY LENDS TO GALLERIES AND MUSEUMS THAT MEET PRESCRIBED SECURITY AND CLIMATE STANDARDS AND PROVIDE ALL RISK INSURANCE CONVERAGE. RECORDS, INCLUDING OBJECT, ARTIST AND DONOR FILES, ARE MAINTAINED FOR EACH WORK OF ART. THE COLLECTION IS SPOT INVENTORIED ANNUALLY BY STAFF AND QUALIFIED CONSERVATORS ASSIST AS NECESSARY. THE MUSEUM MAINTAINS A BLANKET INSURANCE POLICY OF $60 MILLION FOR THE COLLECTION AND WORK ON LOAN. ALTHOUGH A PRIVATE, INDEPENDENT INSTITUTION, THE COLLECTION IS MAINTAINED, ADDED TO, EXHIBITED AND INTERPRETED FOR THE EDUCATION AND ENJOYMENT OF THE GENERAL PUBLIC. PART III, LINE 4: THE MUSEUM'S COLLECTION AMOUNTS TO MORE THAN 10,000 WORKS OF ART FROM THE NINETEENTH CENTURY TO THE PRESENT OF ARTISTS WHO LIVED OR WORKED IN MAINE. THE COLLECTION FURTHERS THE MUSEUM'S CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES INCLUDING MANAGING AND OPERATING THE MUSEUM AND HOMESTEAD LOCATED IN ROCKLAND, MAINE AND THE OLSON HOUSE IN CUSHING, MAINE. THE MUSEUM'S MISSION IS TO "CELEBRATE MAINE'S ROLE IN AMERICAN ART." HOLDINGS IN THE COLLECTION INCLUDE PAINTINGS BY JONATHAN FISHER, FITZ HENRY LANE, THOMAS MORAN, CHILDE HASSAM, FRANK BENSON, ROBERT HENRI, GEORGE BELLOWS, ROCKWELL KENT, MARSDEN HARTLEY, N.C. WYETH, ANDREW WYETH, JAMIE WYETH, MARGUERITE ZORACH, JOHN MARIN, LOUISE NEVELSON, ALEX KATZ, ROBERT INDIANA; AND PHOTOGRAPHS BY BERENICE ABBOTT, ELLIOT PORTER, PAUL CAPONIGRO, GEORGE TICE, AMONG OTHERS. PART V, LINE 4: THE PURPOSE OF THESE FUNDS IS TO GENERATE INCOME TO BE USED TO HELP MEET THE OPERATING AND NON-OPERATING COSTS OF THE MUSEUM. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 281,118. CHANGE IN BENEFICIAL INTEREST -1,714,344. LOSS ON FORGIVENESS OF NOTE RECEIVABLE -7,428,935. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 281,118. MAINE IN AMERICA 333364 333364 333364 333364 X 1 1 X X X 0 0 0 0 0 0 0 0 0 CHRIS BROWNAWELL EXECUTIVE DIRECTOR 306897 0 0 0 0 0 0 0 18118 0 325015 0 0 0 ANN SCHEFLEN CHIEF ADVANCEMENT OFFICER 161080 0 0 0 0 0 0 0 14137 0 175217 0 0 0 X 18 720936 MARKET 0 1 0 FORM 990, PAGE 2, LINE 4A FARNSWORTH FORWARD: THE COLLECTION MARCH 12, 2022 DECEMBER 31, 2022 FARNSWORTH FORWARD PRESENTS NEW ACQUISITIONS IN CONVERSATION WITH HISTORICAL WORKS. ORGANIZED ALONG FOUR THEMES: ORIGINS TO A NEW CENTURY, EMERGING MODERNISM, EMBRACING ABSTRACTION, AND DIVERSE VIEWPOINTS, FARNSWORTH FORWARD HIGHLIGHTS THE GROWING DIVERSITY OF THE COLLECTION AND MAINE, UNDERSCORING NEW UNDERSTANDINGS OF THE RELATIONSHIP BETWEEN CULTURAL IDENTITY, HISTORY, AND PLACE. LEONARD BASKIN: I HOLD THE CRACKED MIRROR UP TO MAN APRIL 16, 2022 DECEMBER 31, 2022 THIS EXHIBITION FOCUSES ON THE MONUMENTAL PRINTS MADE BETWEEN 1954 AND 1998 BY WRITER, TEACHER, SCULPTOR, PRINTMAKER, BOOK DESIGNER, CALLIGRAPHER, AND ILLUSTRATOR LEONARD BASKIN. THE SHOW INCLUDES LOANS FROM THE ESTATE OF LEONARD BASKIN, AND OTHER COLLECTORS OF HIS WORK. ASHLEY BRYAN: BEAUTY IN RETURN MAY 28, 2022 DECEMBER 31, 2022 THE EXHIBITION, ASHLEY BRYAN: BEAUTY IN RETURN, RECOGNIZES THE SIGNIFICANT AND LASTING CONTRIBUTIONS TO MAINE AND AMERICAN ART BY DISTINGUISHED ARTIST, AUTHOR, STORYTELLER AND TEACHER ASHLEY BRYAN, RECIPIENT OF THE FARNSWORTH ART MUSEUM'S 2022 MAINE IN AMERICA AWARD. BRINGING TOGETHER EXAMPLES OF THE ARTIST'S WORK FROM THROUGHOUT HIS LONG CAREER, INCLUDING PAINTINGS, ILLUSTRATIONS, PUPPETS AND STAINED GLASS, THE EXHIBITION IS A JOYFUL CELEBRATION OF THE ENDURING POWER OF ART AND THE HUMAN SPIRIT OVER ADVERSITY. ASHLEY BRYAN WAS THE RECIPIENT OF THE MAINE IN AMERICA 2022 AWARD. ANDREW WYETH: EARLY TEMPERAS MAY 28, 2022 - EXTENDED THROUGH APRIL 30, 2023 THE EXHIBITION ANDREW WYETH: EARLY TEMPERAS EXPLORES THE CREATIVE PROCESS BEHIND FOUR OF WYETH'S FIRST TEMPERA PAINTINGS. CREATED BETWEEN 1937 AND 1939, THESE TEMPERAS ARE ACCOMPANIED BY A SELECTION OF STUDIES FOR EACH PIECE IN PENCIL, INK AND WATERCOLOR. THESE WORKS MARK A PIVOTAL MOMENT IN THE LIFE OF A YOUNG ARTIST EMBRACING A NEW MEDIUM. ANDREW WYETH: ISLANDS IN MAINE MAY 28, 2022 - EXTENDED THROUGH APRIL 30, 2023 THE EXHIBITION ANDREW WYETH: ISLANDS IN MAINE, EXPLORES ISLANDS IN MUSCONGUS AND PENOBSCOT BAY ON WHICH WYETH FOUND ENDLESS INSPIRATION. ANDREW BEGAN PAINTING MAINE WHEN HE AND HIS FAMILY FIRST BEGAN SPENDING SUMMERS IN PORT CLYDE. THE PAINTINGS IN THIS EXHIBITION SPAN THE YEARS 1939 THROUGH 2008, THE YEAR ANDREW AND HIS WIFE BETSY SPENT THEIR FINAL SUMMER TOGETHER ON BENNER ISLAND. SELECTIONS FROM BETSY'S GIFT ON VIEW AT THE WYETH CENTER JUNE 11 - DECEMBER 31, 2022 BETSY JAMES WYETH (19212020) DEVOTED MUCH OF HER ADULT LIFE TO SUPPORTING THE WORK OF THREE OF THE ARTISTS IN THE FAMILYHER HUSBAND, ANDREW WYETH (19172009); HER LATE FATHER-IN-LAW, N.C. WYETH (19011945); AND HER SON, JAMIE WYETH (BORN IN 1946). HER SUCCESS IN THIS VENTURE SPANNING THEIR CAREERS, SO CRUCIAL TO THEIR RECOGNITION THROUGH THE TWENTIETH- AND INTO THE TWENTY-FIRST CENTURIES, OFTEN OVERSHADOWED HER OWN CREATIVE ENDEAVORS. SHE WAS A WRITER AND ARCHIVIST WHO DOCUMENTED AND PROMOTED THEIR PROFESSIONS, BUT SHE WAS ALSO A KNOWLEDGEABLE PRESERVATIONIST OF ARCHITECTURE AND LANDSCAPE, A FOLK ART ENTHUSIAST, COLORIST, AND DESIGNER, A COLLECTOR OF HISTORIC BUILDINGS, AN ASTUTE READER OF THE TENOR OF HER TIMES, AND AN EMPATHETIC MOTHER AND WIFE. THE GEOGRAPHY OF IDEAS: WYETH PERSPECTIVES OF MAINE ON VIEW AT THE WYETH CENTER JUNE 11 - DECEMBER 31, 2022 PAINTINGS OF N.C., ANDREW, AND JAMIE WYETH ARE GROUNDED IN PLACE. THEIR WORKS INSPIRED BY MAINE CONVINCINGLY DEPICT SEA, SHORE, ATMOSPHERIC EFFECTS, AND ARTIFACTS OF THE PAST. THESE SUBJECTS MERGE AND SEEM TO SUGGESTOR EVEN EMBODYLIVING HUMAN PRESENCE OR ABSENCE IN THIS GEOGRAPHY. THEIR LANDSCAPES AND PAINTINGS OF PEOPLE, BIRDS, AND ANIMALS IN MAINE REFLECT THEIR INTIMATE CONNECTION TO TIMELESS WORLDS. INFUSED WITHIN THE DETAILS OF THEIR WORK ARE CLUES TO THE DISTINCT IMAGINATION OF EACH ARTIST. THESE ARE THE SPARKS THAT IGNITE PAINTERLY EXACTITUDE WITH SOMETHING MORE THAN WHAT IS SEEN. FORM 990, PAGE 2, LINE 4B EDUCATION IN 2021-2022, WITH A NEWLY ENDOWED POSITION OF DIRECTOR OF LEARNING AND ENGAGEMENT, NEWLY HIRED LEARNING AND ENGAGEMENT COORDINATOR, AND NEW SCHOOL PROGRAMS MANAGER, THE EDUCATION DEPARTMENT DEVELOPED INNOVATE AND THOUGHTFUL PUBLIC PROGRAMS AND EDUCATIONAL INITIATIVES TO ADDRESS CURRENT NEEDS OF THE COMMUNITY NEAR ROCKLAND AND ON THE NATIONAL STAGE. SOME OF THIS WORK INCLUDED LAYING THE GROUNDWORK FOR A NEW YEAR LONG ARTS INTEGRATION PROGRAM FOR THE SCHOOLS IN KNOX COUNTY AND TWO OTHER NEIGHBORING COUNTIES IN MAINE; THIS WORK INVOLVED A LOT OF IN-DEPTH CONVERSATIONS WITH COMMUNITY MEMBERS, TEACHERS, EDUCATORS, STUDENTS, AND TEACHING ARTISTS TO UNDERSTAND WHAT WORKED WITH A PRIOR SCHOOL PROGRAM THAT THE FARNSWORTH ART MUSEUM PRODUCED, AND WHERE THE NEEDS WERE NOW FROM A CURRICULA AND BEHAVIORAL PERSPECTIVE POST PANDEMIC. EARLY IN 2022, THE FARNSWORTH ART MUSEUM WORKED WITH LOCAL SCHOOLS TO WELCOME MANY CLASSES BACK INTO THE MUSEUM FOR FIELD TRIPS. A MAINE ARTS EDUCATION ASSOCIATION CONFERENCE WAS ALSO HELD AT THE MUSEUM IN APRIL 2022 TO WELCOME BACK EDUCATORS INTO THE FARNSWORTH ART MUSEUM AND THEIR PARTNER ARTS NONPROFIT IN THIS PARTICULAR CONFERENCE, CMCA IN ROCKLAND. IN HIRING IN A NEW SCHOOL PROGRAMS MANAGER FEBRUARY 2022, SCHOOL PROGRAMS DEVELOPMENT HAS BEEN FURTHERED FOR LAUNCHING ARTS@THEINTERSECTION IN FALL 2022, WHICH IS A FORWARD THINKING, STUDENT DRIVEN ARTS INTEGRATION PROGRAM WORKING CLOSELY WITH TEACHING ARTISTS WHO SHARE DIVERSE PERSPECTIVES AS WELL AS CLOSE WORK WITH THE ART COLLECTION OF THE FARNSWORTH ART MUSEUM. PUBLIC PROGRAMS WERE DEVELOPED TO MEET AUDIENCE NEEDS WHERE THEY ARE; DOZENS OF STUDIO AND PUBLIC PROGRAMS ARE NOW OFFERED NOT ONLY IN PERSON BUT ONLINE, OR AS A HYBRID AS WELL. NEW STUDIO ART OFFERINGS INCLUDED A COURSES BY TEACHERS WHO HAD NOT YET TAUGHT AT THE FARNSWORTH BEFORE, AND THOSE WITH A DEVOTED FOLLOWING; SOME OF THESE INSTRUCTORS HAVE STUDIED WITH ARTISTS WHOSE WORKS ARE REPRESENTED IN THE FARNSWORTH ART MUSEUM PERMANENT COLLECTION. PROGRAMMATIC HIGHLIGHTS INCLUDED A SYMPOSIUM LECTURE FOR THE STEPHEN B. MAY AND KATHRYN WILSON LECTURE WHICH INCLUDED SMITH COLLEGE MUSEUM OF ART CURATOR DR. APRILE GALLANT AND ARTIST STEPHEN HANNOCK DISCUSSING THE WORK OF LEONARD BASKIN, A WYETH DAY LECTURE FROM COLBY COLLEGE PROFESSOR OF ART DR. TANYA SHEEHAN ON AN EXHIBITION ABOUT WYETH'S FINAL WORKS, AS WELL AS SPECIAL LECTURES ON THE ENVIRONMENT, CLIMATE SUSTAINABILITY, AND ART WITH ROYAL ONTARIO MUSEUM CURATOR DR. SOREN BROTHERS. PROGRAMS WELCOMING IN DIVERSE AUDIENCES WERE ALSO DEVELOPED SUCH AS ANTONIO ROCHA'S AFRICAN STORIES STORYTELLING PROGRAM PRESENTED IN JULY 2022 IN CONJUNCTION WITH THE CELEBRATION OF THE ASHLEY BRYAN EXHIBITION AT THE FARNSWORTH. A PARTNER PROGRAM WITH SEVERAL KEY NON-PROFIT ARTS PARTNERS THROUGHOUT THE STATE OF MAINE WAS DEVELOPED BY INDIGO ARTS ALLIANCE OF PORTLAND, AND THE FARNSWORTH WAS A PARTICIPANT PARTNER IN THE SEPTEMBER 2022 BEAUTIFUL BLACKBIRD FESTIVAL. WHEN FAMILIES AND STUDENTS WERE IN NEED OF RESOURCES FROM THE MUSEUM, THE FARNSWORTH REACHED OUT TO THE COMMUNITY BY SUPPLYING 200 ART KITS IN DECEMBER 2021 WITH ART SUPPLIES FREE TO STUDENTS IN NEED, AND 600 ART KITS WERE DISPERSED IN 2022; RECIPIENTS INCLUDED LOCAL SCHOOLS WHO IDENTIFIED STUDENTS IN NEED, AS WELL AS NON PROFITS SUCH AS AIO FOOD PANTRY, FINDING OUR VOICES, ALDEMERE FARM, THE LANDING PLACE, AND MANY OTHERS. PARTNER PROJECTS ON FOOD INSECURITY AND CREATIVE BENTO BOX MAKING WAS THE SUBJECT OF A VIDEO PRODUCED IN FALL 2021 WITH AIO; AND A STUDENT-LED CRANE MAKING PROJECT WAS ON DISPLAY AT THE FARNSWORTH IN DECEMBER 2021 BEFORE TRAVELING TO THE ALFOND CANCER CENTER IN AUGUSTA, MAINE. THE FARNSWORTH ART MUSEUM CONTINUES TO WORK WITH THE COMMUNITY OF ROCKLAND, IN MAINE, AND NATIONALLY, TO BRING THE RESOURCES OF THE MUSEUM TO THE PUBLIC IT SERVES. FORM 990, PART VI, SECTION B, LINE 11B LINE 11A EXPLANATION - THE 990 IS REVIEWED BY THE BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C IN ACCORDANCE WITH THE POLICY, BOARD MEMBERS ARE REQUIRED TO SIGN AN ANNUAL CONFLICT OF INTEREST DISCLOSURE AND TO REPORT TO THE PRESIDENT ANY CONFLICTS THAT ARISE DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 15 BOARD OF TRUSTEES ARE VOLUNTEERS. THE BOARD OF TRUSTEES DETERMINES THE COMPENSATION OF THE EXECUTIVE DIRECTOR USING MARKET VALUE COMPARISONS AND DATA FROM THE AMERICAN ASSOCIATION OF MUSEUM'S SALARY SURVEY. THE EXECUTIVE DIRECTOR DETERMINES COMPENSATION OF OTHER OFFICERS USING THE SAME PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE ANNUAL AUDIT AND 990 REPORTS ARE POSTED ON THE MUSEUM'S WEBSITE. OTHER DOCUMENTS ARE PROVIDED UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 221,702. MANAGEMENT AND GENERAL EXPENSES 64,608. FUNDRAISING EXPENSES 286,295. TOTAL EXPENSES 572,605. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST -1,714,344. TRANSFER OF PP&E FROM RELATED ENTITY 8,073,696. REVERSAL OF ACCRUED RENT WITH RELATED PARTY 1,829,596. LOSS ON FORGIVENESS OF NOTE RECEIVABLE -7,428,935. FORM 990, PART XII, LINE 2C: THE WILLIAM A. FARNSWORTH LIBRARY AND ART MUSEUM, INC. (THE MUSEUM) IS AN INDEPENDENT NOT-FOR-PROFIT ORGANIZATION DEDICATED TO THE COLLECTION, PRESERVATION, EXHIBITION, RESEARCH AND INTERPRETATION OF AMERICAN ART, WITH AN EMPHASIS ON THE ART OF THE STATE OF MAINE AND NEW ENGLAND. PROVIDING CONTEXT FOR ITS ART COLLECTION, AN IMPORTANT FOCUS OF THE MUSEUM IS THE PRESERVATION AND INTERPRETATION OF TWO HISTORIC HOMES, THE FARNSWORTH HOMESTEAD AND THE OLSON HOUSE. THE MUSEUM IS LOCATED IN ROCKLAND, MAINE AND HAS MERGED WITH FARNSWORTH REAL ESTATE, INC. FARNSWORTH REAL ESTATE, INC. ("FRE") WAS FORMED AS A PUBLIC BENEFIT CORPORATION ON FEBRUARY 9, 2015, UNDER THE LAWS OF THE STATE OF MAINE. FRE WAS ORGANIZED TO OPERATE EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL AND SCIENTIFIC PURPOSES BY CONDUCTING AND SUPPORTING ACTIVITIES WHICH PROMOTE THE ADVANCEMENT AND FURTHER THE AIMS OF THE MUSEUM. THE MUSEUM SHALL CARRY OUT ITS PURPOSES AND THOSE OF THE SUPPORTING ORGANIZATION AS DESCRIBED IN SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE DUE TO THIS MERGER. FARNSWORTH REAL ESTATE INC 16 MUSEUM ST ROCKLAND ME 04841 473086544 REAL ESTATE RENTAL ME 501(C)(3) LINE 12B, II N/A 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 FARNSWORTH REAL ESTATE INC C 80171 COST FARNSWORTH REAL ESTATE INC S 8073696 BOOK VALUE FARNSWORTH REAL ESTATE INC K 98000 COST