2023-06-15T17:59:32-05:00 2022-07-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2021-08-01 530204620 THE PHILLIPS COLLECTION PHIL 2023872151 1600 21ST STREET NW WASHINGTON DC 20009 CHERYL NICHOLS CHIEF FINANCIAL OFFICER 2023872151 2023-06-15 1 CHERYL NICHOLS 999009999 RICHARD J LOCASTRO CPA P00288314 3019519090 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z DANI LEVINAS 1600 21ST STREET NW WASHINGTON DC 20009 27986870 0 X WWW.PHILLIPSCOLLECTION.ORG X 1921 DC THE PHILLIPS COLLECTION IS THE OLDEST MUSEUM OF MODERN AND CONTEMPORARY ART IN THE U.S. 29 29 240 60 146028 130311 11092248 9109344 1191051 1207779 5351842 4951155 118647 346803 17753788 15615081 0 0 0 0 7148945 7714871 0 23584 2069021 5911852 8350838 13060797 16089293 4692991 -474212 133843436 125952725 13534911 12612629 120308525 113340096 X THE PHILLIPS COLLECTION IS THE OLDEST MUSEUM OF MODERN AND CONTEMPORARY ART IN THE U.S. IN ADDITION TO PRESENTATION OF WORKS FROM THE PERMANENT COLLECTION AND SPECIAL EXHIBITIONS, THE MUSEUM MAINTAINS ACTIVE EDUCATIONAL, ACADEMIC, (CONTINUED ON SCHEDULE O)AND PUBLIC PROGRAMS, AND NUMEROUS PARTNERSHIPS WITH OTHER D.C. ARTS ORGANIZATIONS, EMBASSIES, AND EDUCATIONAL INSTITUTIONS. THE PHILLIPS TAKES PRIDE IN ITS HERITAGE AS AN INTIMATE MUSEUM COMBINED WITH AN EXPERIMENT STATION. 0 1 3227713 385593 MANAGEMENT AND MAINTENANCE OF THE MUSEUM'S PERMANENT COLLECTION OF NEARLY 6,000 WORKS WAS ORIGINALLY CREATED BEGINNING IN 1913 BY DUNCAN PHILLIPS AND LATER HIS WIFE MARJORIE PHILLIPS AND OPENED TO THE PUBLIC IN 1921 AS THE NATION'S FIRST MUSEUM OF MODERN AND CONTEMPORARY ART. OUR NEW ACQUISITIONS REFLECT THE MUSEUM'S EFFORTS TO ENHANCE AND DIVERSIFY THE COLLECTION BY EMBRACING WORKS THAT REFLECT A NARRATIVE OF MODERN AND CONTEMPORARY ART BEYOND THE TRADITIONAL FOCUS ON EUROPEAN AND AMERICAN ART AND SPEAK TO COMMUNITIES WE ARE WORKING TO SERVE. ACTIVITIES INCLUDE CONSERVATION, ACQUISITION OF NEW WORKS THROUGH BOTH GIFT AND PURCHASE, DIGITAL REPRODUCTION FOR PUBLICATIONS AND FOR PRESENTATION ON THE MUSEUM'S WEBSITE, ARTSTOR, GOOGLE ART, AND THE MULTI-MUSEUM APP BLOOMBERG CONNECTS. (CONTINUED ON SCHEDULE O)THE HIGH QUALITY OF WORKS IN THE COLLECTION PRESENTS MANY OPPORTUNITIES FOR COLLABORATION WITH OTHER MUSEUMS BOTH FOR EXHIBITION PARTNERSHIPS AND FOR SHARING WORKS TO ENHANCE EXHIBITIONS AT OTHER VENUES. THE PHILLIPS ALSO DEVELOPS EXHIBITIONS WHICH TRAVEL TO OTHER VENUES TO GIVE THOSE LIVING OUTSIDE THE DC AREA THE OPPORTUNITY TO ENJOY THE TREASURES WE HOLD. THE PHILLIPS COLLECTION LIBRARY SUPPORTS RESEARCH ON WORKS OF ART IN THE MUSEUM'S PERMANENT COLLECTION, SPECIAL EXHIBITIONS, AND THE HISTORY OF THE MUSEUM. IN COORDINATION WITH THE CELEBRATION OF OUR CENTENNIAL YEAR, NON-GALLERY SPACE IN THE MUSEUM AND AT THEARC WAS TRANSFORMED WITH SITE-SPECIFIC ARTWORKS. VICTOR EKPUK'S BOLD, GRAPHIC INSTALLATION, STATE OF THE UNION: THINGS HAVE FALLEN APART, CAN THE CENTER STILL HOLD? WELCOMED VISITORS TO A SENSE OF A SPIRITUAL SACRED SPACE AS THEY CROSSED THE THRESHOLD. NEKISHA DURRETT'S AIRSHAFT CREATED A SACRED PLACE WITHIN TWO BRIDGES JOINING THE ORIGINAL PHILLIPS HOUSE AND THE GOH ANNEX; WESLEY CLARK'S INSTALLATION NEW BEGINNING AT PHILLIPS@THEARC CHALLENGED VISITORS TO VIEW TRANSFORMATION AS A CONCEPT AS A SERIES OF CREATIVE CHOICES. 2837353 440747 THE PHILLIPS COLLECTION RETURNED TO ONSITE EVENTS IN EARLY FY22, ENGAGING WITH OUR AUDIENCES THROUGH ONSITE, DIGITAL, AND HYBRID PROGRAMS INCLUDING MEMBER ART TOURS AND EXHIBITION OPENINGS, SUNDAY CONCERTS AND OTHERS. WE CONNECTED WITH BOTH CURRENT AND POTENTIAL MEMBERS AND VISITORS THROUGH OUR WEBSITE, SOCIAL MEDIA, E-NEWSLETTERS, LOCAL AND REGIONAL MARKETING AND ADVERTISING, AND OUR PARTICIPATION IN THE BLOOMBERG CONNECTS APP. WHILE OUR CAF REMAINED CLOSED IN THE INTERESTS OF ENSURING A SAFE ENVIRONMENT FOR OUR VISITORS DUE TO ITS INTIMATE SIZE AND LIMITED ABILITY FOR SOCIAL DISTANCING, WE RE-IMAGINED AND UTILIZED THE SPACE AS A POP UP TO EXTEND THE OFFERINGS OF OUR POPULAR MUSEUM GIFT SHOP. WITH THE RELAXATION OF COVID RESTRICTIONS, WE WERE AGAIN ABLE TO OFFER OUR MUSEUM AS A (CONTINUED ON SCHEDULE O)UNIQUE AND CAPTIVATING LOCATION FOR EXTERNAL EVENTS, WITH SOME LIMITATIONS. OUR POPULAR 1ST THURSDAY OF THE MONTH PROGRAM, PHILLIPS AFTER FIVE, REMAINED ON HOLD DURING FY22 DUE TO CAPACITY RESTRICTIONS. 4552798 708400 DEVELOPMENT AND PRESENTATION OF SPECIAL EXHIBITIONS INCLUDING WORKS FROM THE MUSEUM'S OWN HOLDINGS, LOANS FROM INDIVIDUALS AND OTHER INSTITUTIONS, AND COLLABORATIONS WITH OTHER VENUES. HIGHLIGHTS FROM FY22 INCLUDED THE CONTINUATION OF INSIDE OUTSIDE, UPSIDE DOWN, A JURIED INVITATIONAL COMPRISING WORKS ACROSS MEDIA BY 64 ARTISTS OF THE GREATER DC REGION THAT RESPONDED TO THE GLOBAL COVID-19 PANDEMIC AND RECENT SOCIAL UPHEAVALS; DAVID DRISKELL: ICONS OF NATURE AND HISTORY, OFFERING THE FIRST COMPREHENSIVE EXAMINATION OF THE PAINTINGS, COLLAGES, PRINTS, AND DRAWINGS OF THE CELEBRATED AMERICAN ARTIST, ART HISTORIAN, AND EDUCATOR; ALMA W. THOMAS: EVERYTHING IS BEAUTIFUL, WHICH PROVIDED A FRESH PERSPECTIVE ON THE ARTIST'S DYNAMIC LONG LIFE (1891-1978) AND MULTIFACETED CAREER THAT WAS DEFINED BY (CONTINUED ON SCHEDULE O)CONSTANT CREATIVITY; ONE-ON-ONE: BRIDGET RILEY/PIERRE AUGUST RENOIR, IN WHICH CELEBRATED BRITISH PAINTER BRIDGET RILEY (B. 1931) SELECTED THREE OF HER WORKS TO BE DISPLAYED VIS--VIS LUNCHEON OF THE BOATING PARTY (1880-81) BY PIERRE-AUGUSTE RENOIR; PICASSO: PAINTING THE BLUE PERIOD, WHICH EXPLORED THE CREATIVE PROCESS OF PABLO PICASSO AT THE OUTSET OF HIS CAREER; MARTA PEREZ GARCIA'S INTERSECTIONS PROJECT RESTOS-TRACES WHICH ADDRESSED THE INCREASE IN DOMESTIC VIOLENCE DURING THE PANDEMIC; PORTRAITS OF RESILIENCE, AN ONGOING PHOTO SERIES BY BRITISH PHOTOGRAPHER JONATHAN BANKS PRESENTED IN COLLABORATION WITH THE SURVIVORS AND TORTURE ABOLITION AND SURVIVORS SUPPORT COALITION INTERNATIONAL; AND LOU STOVALL: THE MUSEUM WORKSHOP, WHICH REEXAMINED THE HISTORY AND LEGACY OF THE DUPONT CENTER, AN ARTIST'S MUSEUM FOUNDED IN WASHINGTON, DC, IN 1969. 1534308 60442 THE PHILLIPS PRESENTED A BROAD RANGE OF PROGRAMMING DESIGNED TO APPEAL TO THE MUSEUM'S EXPANDING VISITOR DEMOGRAPHIC. THROUGH THE MUSEUM'S 12-WEEK ARTS INTEGRATION COURSE, PRISM.K12: CONNECTING TO THE CORE CURRICULUM, HELD OCTOBER 2021-MARCH, 2022, 18 EDUCATORS OF DIFFERENT SUBJECTS AND GRADE LEVELS HAD THE OPPORTUNITY TO BLEND THE VISUAL ARTS SEAMLESSLY INTO THEIR CORE CURRICULUMS, USING THE PHILLIPS'S PRISM.K12 ARTS INTEGRATION STRATEGIES AND RESOURCES. ADDITIONALLY, THE MUSEUM EXPANDED ITS MODEL FOR ARTS INTEGRATION TO CREATE A MODEL FOR CULTURALLY RESPONSIVE TEACHING (HTTPS://WWW.PHILLIPSCOLLECTION.ORG/PRISMK12-STRATEGIES) AND ADDED 25 NEW LESSON PLANS TO THE WEBSITE. WE REACHED 147 TEACHERS THROUGH 4 ADDITIONAL PROFESSIONAL DEVELOPMENT SESSIONS, AND 27 TEACHERS PARTICIPATED IN A WEEK-LONG SUMMER TEACHER INSTITUTE. WE REACHED 1,012 PK-12 STUDENTS WITHIN THE DC PUBLIC AND CHARTER SCHOOLS, MARYLAND, AND VIRGINIA DURING THE FISCAL YEAR THROUGH 50 TOURS. THE MUSEUM'S MULTI-VISIT SCHOOL PARTNERSHIP PROGRAM, ART LINKS, REACHED 322 STUDENTS FROM 8 SCHOOLS. THE PHILLIPS COLLECTION'S WORKSHOP AND GALLERY AT THE TOWN HALL EDUCATION ARTS RECREATION CAMPUS (THEARC) PROVIDES A SPACE TO VIEW, DISCUSS, MAKE, AND EXHIBIT ART. OUR PROGRAMS ARE CO-CREATED WITH OUR PARTNERS AND PARTICIPANTS TO ENCOURAGE AUTHENTIC COMMUNITY DIALOGUE, COMMUNITY PLANNING, AND COMMUNITY ACTION. FROM ITS VERY INCEPTION, THE PHILLIPS HAS FOCUSED ON THE HEALING POWER OF ART. OUR CREATIVE AGING PARTNERSHIP WITH IONA SENIOR SERVICES AND ARTS FOR THE AGING (AFTA) TRANSITIONED TO VIRTUAL EVENTS IN APRIL 2020. IONA'S NEW CAMPUS NEAR THEARC ALLOWS THE PHILLIPS TO SERVE MORE OLDER ADULTS IN WARDS 7 AND 8. OUR MOST POPULAR VIRTUAL OFFERING WITH AN AVERAGE OF 70 PARTICIPANTS EACH WEEK IS OUR ART-BASED MEDITATION PROGRAM, CONSISTING OF AN ART DISCUSSION LED BY THE PHILLIPS'S HEAD OF EXPERIENTIAL LEARNING AND GUIDED MEDITATION LED BY THE MUSEUM'S RESIDENT YOGA TEACHER. DESPITE THE PANDEMIC, THE PHILLIPS CONTINUED TO PROVIDE SERVICES IN THE COMMUNITY, ASSEMBLING WELLNESS KITS FOR DISTRIBUTION BY BUILDING BRIDGES ACROSS THE RIVER.THE 2021-22 SEASON OF CONVERSATIONS WITH ARTISTS ENGAGED SEVERAL ARTISTS EXPLORING TOPICS RANGING FROM DIGITAL MEDIA TO RELIGION AND VISUAL CULTURE. 1534308 60442 12152172 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 83 0 1 240 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 29 29 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 0 0 AL AR CA FL GA IL KS KY MD MA MI MN MS NH NJ NM NY NC OR PA RI SC TN UT VA WV WI X X CHERYL NICHOLS 2023872151 1600 21ST STREET NW WASHINGTON DC 20009 JOHN DESPRES TRUSTEE; THEN CHAIR (TRANS. 6/2022) 3.00 X X 0 0 0 DANI LEVINAS CHAIR (THROUGH 6/2022) 3.00 X X 0 0 0 BARBARA HALL TRUSTEE; THEN V. CHAIR (TRANS. 6/22) 2.00 X X 0 0 0 SALA PATTERSON VICE CHAIR 2.00 X X 0 0 0 TODD GALAIDA V. CHAIR; THEN TRUSTEE (TRANS. 6/22) 3.00 X X 0 0 0 PAMELA GWALTNEY TRUSTEE; THEN SEC. (TRANS. 6/2022) 2.00 X X 0 0 0 AMY MEADOWS SEC.; THEN TRUSTEE (TRANS. 6/2022) 3.00 X X 0 0 0 B THOMAS MANSBACH TRUSTEE; THEN TREAS. (TRANS. 6/2022) 2.00 X X 0 0 0 KATHLEEN PETITT TREASURER (THROUGH 6/2022) 3.00 X X 0 0 0 PATTY ALPER-COHN TRUSTEE 1.00 X 0 0 0 BARBARA BERISH BROWN TRUSTEE 1.00 X 0 0 0 SUSAN L BUTLER TRUSTEE 1.00 X 0 0 0 JANE CHU TRUSTEE 1.00 X 0 0 0 ROBERT DRUMHELLER TRUSTEE 1.00 X 0 0 0 NINA CHUNG DWYER TRUSTEE 1.00 X 0 0 0 LINDSAY ELLENBOGEN TRUSTEE 1.00 X 0 0 0 JULIE GARCIA TRUSTEE 1.00 X 0 0 0 BONNIE BURKE HIMMELMAN TRUSTEE 1.00 X 0 0 0 LYNNE N HORNING TRUSTEE 1.00 X 0 0 0 PAUL KILLIAN TRUSTEE 1.00 X 0 0 0 MICHELINE KLAGSBRUN TRUSTEE 1.00 X 0 0 0 HOWARD KRASS TRUSTEE 1.00 X 0 0 0 A FENNER MILTON TRUSTEE 1.00 X 0 0 0 JUANITA MOORE TRUSTEE 1.00 X 0 0 0 RONALD A PAUL TRUSTEE 1.00 X 0 0 0 JUDY POMERANZ TRUSTEE 1.00 X 0 0 0 HARVEY ROSS TRUSTEE 1.00 X 0 0 0 THOMAS D RUTHERFOORD JR TRUSTEE 1.00 X 0 0 0 ALICE PHILLIPS SWISTEL TRUSTEE 1.00 X 0 0 0 ELIZABETH WILLIAMS TRUSTEE 1.00 X 0 0 0 LEO E ZICKLER TRUSTEE 1.00 X 0 0 0 DOROTHY KOSINSKI VRADENBURG DIRECTOR AND CEO 60.00 X 329843 0 69704 CHERYL NICHOLS CFO 45.00 X 131860 0 43098 KLAUS OTTMANN CHIEF CURATOR & DEPUTY DIRECTOR 45.00 X 184877 0 28807 WENDY PONVERT DIRECTOR OF DEVELOPMENT 45.00 X 135093 0 30614 MICHELE WINKLER THOMAS DIR. OF SRATEGY & OPERATIONS 45.00 X 150619 0 14994 KEITH COSTAS SPECIAL EVENTS DIRECTOR 45.00 X 104173 0 14347 DARCI VANDERHOFF CHIEF INFORMATION OFFICER 45.00 X 110646 0 24006 1147111 0 225570 7 0 1 0 DYSON CAPITAL ADVISORS 201 NORTH UNION ST 300 ALEXANDRIA VA 22314 INVESTMENT CONSULTANT 184360 OCCASIONS CATERING 655 TAYLOR ST NE WASHINGTON DC 20017 EVENT CATERING 181511 CROZIER FINE ARTS INC PO BOX 21089 NEW YORK NY 10087 ART HANDLING 170878 THYSSENKRUPP ELEVATOR PO BOX 3796 CAROL STREAM IL 601323796 ELEVATOR CONTRACTOR 149418 KOYA LEADERSHIP LLC 3005 MARKET ST STE 3300 PHILADELPHIA PA 19103 EXECUTIVE SEARCH FIRM 130887 11 1276412 645621 2327962 4859349 972810 9109344 VISITOR FEES 900099 736098 736098 FEES FROM EXHIBITIONS/LOANED ART 900099 322807 322807 EDUCATIONAL PROGRAMS 900099 60442 60442 FACILITY/EQUIP RENTAL 900099 53345 53345 MEMBERSHIP DUES 900099 35087 35087 1207779 1921970 146028 1775942 12898 12898 14770851 11741666 3029185 3029185 3029185 142960 645621 210875 -67915 -67915 806650 419248 387402 387402 MISCELLANEOUS 900099 10418 10418 GAIN ON DISPOSAL 900099 4000 4000 14418 15615081 1595181 146028 4764528 X 888438 656149 101658 130631 5433961 4661685 13342 758934 206835 147570 1052 58213 648506 506805 4472 137229 537131 431095 10459 95577 18375 18375 39119 39119 23584 23584 316303 316303 1623649 985850 309482 328317 273392 254100 19292 1073587 819233 98501 155853 368448 262114 69684 36650 34856 34810 46 675572 343717 318381 13474 86193 67900 13782 4511 435245 331825 90283 13137 1343005 917315 386769 38921 445256 423804 17877 3575 OTHER EXHIBITION EXP. 1043486 1037092 1535 4859 EVENTS 353656 124786 5085 223785 PURCHASES OF ART 147604 147604 MISCELLANEOUS 73092 -1282 71768 2606 16089293 12152172 1868100 2069021 572183 1283575 8741424 6775821 559389 155182 382938 379472 315591 228081 51011054 21310025 30669935 29701029 57815101 38397062 34786875 49032503 133843436 125952725 1175558 2122126 88881 59931 7144829 6253457 5011326 3995134 114317 181981 13534911 12612629 X 29422140 30355473 90886385 82984623 120308525 113340096 133843436 125952725 -474212 -6494217 0 X 0 1 X 1 0 X 7790290 15584489 6034132 11092248 9109344 49610503 7790290 15584489 6034132 11092248 9109344 49610503 8180583 41429920 766963 1317969 740728 802034 1804557 5432251 46021 43968 24097 37188 130311 281585 876 1103 259 43 10418 12699 55337038 14393964 0.74870 0.77400 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 9455 9455 0 PART II-B, LINE 1: THE PHILLIPS COLLECTION ENGAGES TWO LOBBYISTS WHO REPRESENT THE NATIONAL CAPITAL ARTS CONSORTIUM-AN INFORMAL COOPERATIVE UNDERTAKING IN WHICH THE PHILLIPS COLLECTION PARTICIPATES. THE LOBBYISTS PROVIDE INFORMATION ABOUT THE AVAILABILITY AND METHODOLOGY FOR OBTAINING FUNDS FROM THE FEDERAL GOVERNMENT, DC GOVERNMENT, INDUSTRIES, AND FOUNDATIONS, AND EDUCATE LAWMAKERS ON THE NECESSITY FOR SUCH FUNDS AS WASHINGTON, DC HAS NO STATE ARTS ORGANIZATION. X X X X 0 85714181 545805 -1389791 3044604 81825591 64081984 4466106 19212794 2046703 85714181 63985176 327524 3099599 3330315 64081984 57732238 7912188 1663226 3322476 63985176 54076494 1830264 5510933 3685453 57732238 0.10110 0.73060 0.16830 0 0 833240 833240 46653733 19437928 27215805 14995 6998 7997 2692924 1675628 1017296 816162 189471 626691 29701029 ALTERNATIVE FUNDS - FLEXIBLE CAPITAL 29151739 F ALTERNATIVE FUNDS - PRIVATE FUNDS 19880764 F 49032503 GIFT ANNUITY DEBT 48371 CAPITAL LEASE OBLIGATION 133610 181981 X 13035358 -28605 219242 2945000 3135637 9899721 5715360 5715360 15615081 16612476 219242 630123 849365 15763111 316303 9879 326182 16089293 PART III, LINE 1A: WORKS OF ART IN THE MUSEUM'S COLLECTION ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENTS OF FINANCIAL POSITION. PURCHASES OF ART ARE RECORDED AS DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTIONS IF PURCHASED WITH ASSETS WITHOUT DONOR RESTRICTIONS AND ARE RECORDED AS DECREASES IN NET ASSETS WITH DONOR RESTRICTIONS IF PURCHASED WITH DONOR-RESTRICTED ASSETS. CONTRIBUTIONS OF COLLECTION ITEMS ARE NOT RECOGNIZED IN THE STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS; HOWEVER, CERTAIN CONTRIBUTIONS ARE RECORDED AS INCREASES IN NET ASSETS WITH DONOR RESTRICTIONS IF A DONOR MAKES A CONTRIBUTION INTENDED TO FUND THE SUBSEQUENT PURCHASE OF ART. PROCEEDS FROM THE SALE OF DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED ON THE STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS BASED ON THE ABSENCE OR EXISTENCE AND NATURE OF DONOR-IMPOSED RESTRICTIONS. THERE WERE NO DEACCESSIONS OR SALES DURING EACH OF THE YEARS ENDED JULY 31, 2022 AND 2021. PART III, LINE 4: AS STATED IN ARTICLE 3 OF THE COLLECTION'S ARTICLES OF INCORPORATION, THE FOCUS OF THE PERMANENT COLLECTION IS THE EMERGENCE OF MODERN ART IN EUROPE AND THE UNITED STATES IN THE LATE NINETEENTH AND THE TWENTIETH CENTURIES (NOW THE 21ST AS WELL), AND IN PARTICULAR THE EXPRESSIVE, INDIVIDUALISTIC, COLORFUL, NATURE-BASED ART FAVORED BY DUNCAN PHILLIPS. PHILLIPS WISHED FOR THE MUSEUM TO CONTINUE TO COLLECT CONTEMPORARY ART OF THE KIND HE FAVORED SO THAT LIVING AND EMERGING ARTISTS WOULD HAVE A VENUE TO SHOW THE RESULTS OF THEIR RESEARCH AND THEIR AESTHETIC ADVENTURES. THE COLLECTION PERMITS THE MUSEUM TO PROVIDE OUTSTANDING EXHIBITIONS AND RELATED ART PROGRAMMING FOR THE EDUCATION OF THE PUBLIC. PART V, LINE 4: THE MUSEUM'S ENDOWMENT IS INVESTED TO PROVIDE INCOME FOR OPERATIONS, FOR PROGRAMS AND EXHIBITIONS, FOR DISPLAY AND PRESERVATION OF THE PERMANENT COLLECTION, AND FOR PURCHASES OF WORKS OF ART. PART V, COLUMN (B) PRIOR YEAR: THE ENDOWMENT INFORMATION FOR FY19 WAS UPDATED FROM PRIOR YEAR TO INCLUDE THE QUASI-ENDOWMENT. PART X, LINE 2: FOR THE YEARS ENDED JULY 31, 2022 AND 2021, THE COLLECTION HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: ENDOWMENT EARNINGS TRANSFERRED FOR OPERATIONS 2,945,000. INCLUDED IN REVENUE ON THE FINANCIAL STATEMENTS AND EXCLUDED FROM REVENUE ON FORM 990, PART VIII. PART XI, LINE 4B - OTHER ADJUSTMENTS: REALIZED GAINS, NON-OPERATING, REPORTED AS AN "OTHER ITEM" 4,945,874. ON THE FINANCIAL STATEMENTS AND INCLUDED AS REVENUE ON FORM 990, PART VIII. GALA EXPENSES EXCLUDED FROM REVENUE ON THE FINANCIAL -210,875. STATEMENTS AND NETTED AGAINST REVENUE ON FORM 990, PART VIII. SHOP COST OF GOODS SOLD EXCLUDED FROM REVENUE ON -419,248. THE FINANCIAL STATEMENTS AND NETTED AGAINST REVENUE ON FORM 990, PART VIII. PPP DEBT EXTINGUISHMENT REPORTED AS AN "OTHER ITEM" ON 1,399,609. THE FINANCIAL STATEMENTS AND REPORTED AS REVENUE ON FORM 990, PART VIII, LINE 1E. PART XII, LINE 2D - OTHER ADJUSTMENTS: GALA EXPENSES INCLUDED IN EXPENSES ON THE FINANCIAL 210,875. STATEMENTS AND NETTED AGAINST REVENUE ON FORM 990, PART VIII. SHOP COST OF GOODS SOLD INCLUDED IN EXPENSES ON THE 419,248. FINANCIAL STATEMENTS AND NETTED AGAINST REVENUE ON FORM 990, PART VIII. PART XII, LINE 4B - OTHER ADJUSTMENTS: UBIT TAX EXPENSE REPORTED AS AN "OTHER ITEM" ON THE 9,879. FINANCIAL STATEMENTS AND INCLUDED AS AN EXPENSE ON FORM 990, PART IX. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS IN REGION 24971634 EUROPE 0 0 INVESTMENTS IN REGION 9084 0 0 0 0 0 0 24980718 0 24980718 1 0 1 1 1 0 PART III ACCOUNTING METHOD: X 1 DANILLER COMPANY 3724 JEFFERSON STREET SUITE 302 AUSTIN TX 78731 MEMBER ACQUISITION MAILINGS 0 134239 23584 110655 134239 23584 110655 AL AK AR CA CO CT DC FL GA IL KS KY ME MD MA MI MN MS NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI ANNUAL GALA 788581 645621 142960 63745 147130 788581 645621 142960 63745 147130 210875 -67915 X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 DOROTHY KOSINSKI VRADENBURG DIRECTOR AND CEO 329843 0 0 0 0 0 46500 0 23204 0 399547 0 0 0 KLAUS OTTMANN CHIEF CURATOR & DEPUTY DIRECTOR 184877 0 0 0 0 0 5603 0 23204 0 213684 0 0 0 CHERYL NICHOLS CFO 131860 0 0 0 0 0 24534 0 18564 0 174958 0 0 0 WENDY PONVERT DIRECTOR OF DEVELOPMENT 135093 0 0 0 0 0 22040 0 8574 0 165707 0 0 0 MICHELE WINKLER THOMAS DIR. OF SRATEGY & OPERATIONS 150619 0 0 0 0 0 14994 0 0 0 165613 0 0 0 A DISTRICT OF COLUMBIA 536001131 254839E82 2012-11-01 27000000 MUSEUM EXPANSION - DC 30 YEAR BOND ISSUED IN 2003 AND REISSUED IN 2012. 0 0 0 A 20746543 27000000 27000000 2006 0 0 0 1 A 0 0 0 0 0 0 0 A 0 0 0 1 0 0 0 0 0 A 0 X 85 0 X 30 936999 TRADE CONFIRMATIONS X FOOD/BEVERAGES 1 29683 DONOR CONFIRMATION X PAINT 1 6128 DONOR CONFIRMATION 9 0 1 0 PART I, COLUMN (B): FOR WORKS OF ART DONATIONS, THIS COLUMN REPRESENTS THE NUMBER OF ITEMS CONTRIBUTED. FOR STOCK DONATIONS AND FOOD AND BEVERAGE DONATIONS, THE NUMBER REFLECTED IS THE NUMBER OF DONATIONS RECEIVED. PART I, LINE 33: THE ORGANIZATION DOES NOT REPORT THE VALUE OF ART HOLDINGS ON ITS FINANCIAL STATEMENT. FORM 990, PART III, LINE 3 THE PHILLIPS COLLECTION OPERATIONS IN FY22 CONTINUED TO BE IMPACTED BY THE ONGOING WORLDWIDE PANDEMIC, BUT TO A LESSER EXTENT THAN IN FY21. THE FOCUS CONTINUED TO BE TO CREATE A SAFE AND ENJOYABLE EXPERIENCE FOR ALL WITH THE MUSEUM RETURNING TO 6 DAY A WEEK OPEN TO THE PUBLIC SCHEDULE JUST PRIOR TO THE BEGINNING OF FY22. PROCEDURES FOR TIMED TICKETING, CAPACITY LIMITATIONS, DIRECTIONAL ROUTING, SAFETY PPE (MASKS, HAND SANITIZER, TEMPERATURE READERS), AND PROOF OF VACCINATION WERE RELAXED OR ELIMINATED DURING THE FISCAL YEAR. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS ONE CLASS OF MEMBERSHIP. THE CLASS SHALL INCLUDE, WHEN POSSIBLE, ONE OR MORE MEMBERS OF THE FAMILY OF THE FOUNDER, DUNCAN PHILLIPS. FORM 990, PART VI, SECTION A, LINE 7A THE CHAIR OF THE GOVERNING BOARD SHALL BE DETERMINED BY THE VOTE OF THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCIAL STATEMENTS WERE PREPARED BY MANAGEMENT AND AUDITED BY THE MUSEUM'S INDEPENDENT AUDITORS. THE FORM 990 WAS PREPARED BY MANAGEMENT AND REVIEWED BY THE MUSEUM'S EXTERNAL TAX ACCOUNTANTS. THE AUDIT COMMITTEE OF THE BOARD IS CHARGED WITH REVIEWING THE AUDITED FINANCIALS AND THE ANNUAL 990 FILING. THESE DOCUMENTS ARE REVIEWED IN SPECIAL MEETINGS OF THE COMMITTEE ATTENDED BY MUSEUM STAFF AND (IN THE INSTANCE OF THE AUDITED FINANCIALS) THE EXTERNAL AUDITORS. FORM 990, PART VI, SECTION B, LINE 12C KEY EMPLOYEES ARE REQUIRED TO COMPLY WITH THE CONFLICTS OF INTEREST POLICY DETAILED IN THE STAFF HANDBOOK. LETTERS REITERATING THE POLICY FOR BOARD MEMBERS ARE SENT PERIODICALLY TO EACH BOARD MEMBER AS PART OF THE ANNUAL AUDIT PROCESS. EACH BOARD MEMBER IS REQUIRED TO SEND A WRITTEN RESPONSE INDICATING HIS/HER COMPLIANCE. IF A CONFLICT WERE TO ARISE, IT WOULD BE RESOLVED BY DISCUSSION WITH THE BOARD CHAIR AND AUDIT CHAIR, LEGAL COUNSEL, AND THE BOARD MEMBER AS TO THE APPROPRIATE RESOLUTION. FORM 990, PART VI, SECTION B, LINE 15A THE DIRECTOR OF THE MUSEUM WAS HIRED WITH THE ASSISTANCE OF A SEARCH FIRM WITH MAJOR NOT-FOR-PROFIT CLIENTS. ITS SALARY RECOMMENDATION WAS BASED UPON COMPARABLES FROM THAT FIRM'S EXPERIENCE AS WELL AS ON NATIONAL STATISTICAL SURVEYS. GOING FORWARD, THE DIRECTOR'S SALARY IS DETERMINED BY THE BOARD'S CHAIR AND APPROPRIATE COMMITTEE BASED UPON PERFORMANCE RESULTS, BUDGET CAPACITY, AND COMPARABLES WITH OTHER MUSEUMS. ALL OTHER EMPLOYEES ARE HIRED IN SALARY RANGES UTILIZING LOCAL AND/OR NATIONAL STATISTICAL SURVEYS. INCREASES IN COMPENSATION OUTSIDE OF DC MINIMUM WAGE REQUIREMENTS ARE DETERMINED BY THE DIRECTOR IN CONSULTATION WITH H.R. AND/OR SENIOR LEADERSHIP BASED UPON PERFORMANCE RESULTS AND IN COMPARISON WITH OTHER INSTITUTIONS BASED UPON STATISTICAL SURVEYS. FOR PROFESSIONAL STAFF, THE MOST COMMON SURVEY USED IS THE AMERICAN ASSOCIATION OF MUSEUM DIRECTORS ANNUAL SALARY SURVEY. THE LAST SALARY REVIEW TOOK PLACE IN SUMMER 2021 USING GENERAL DC MARKET DATA AND A 2021 SALARY SURVEY. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, AUDITED FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE BY REQUEST. THE AUDITED FINANCIAL STATEMENTS ARE ALSO AVAILABLE IN SUMMARY FORM WITHIN THE MUSEUM'S MEMBER MAGAZINE EACH YEAR. THE LAST 10 YEARS' AUDITED FINANCIAL STATEMENTS AND 990S ARE POSTED ON THE MUSEUM'S WEBSITE. FORM 990, PART IX, LINE 11G OTHER: PROGRAM SERVICE EXPENSES 985,850. MANAGEMENT AND GENERAL EXPENSES 309,482. FUNDRAISING EXPENSES 328,317. TOTAL EXPENSES 1,623,649.