2023-11-15T22:55:17-06:00 2022-12-31 232896692 BBD LLP 1835 MARKET STREET 3RD FLOOR PHILADELPHIA PA 19103 990 2022-01-01 232471583 JAMES A MICHENER ART MUSEUM JAME 2153409800 138 SOUTH PINE STREET DOYLESTOWN PA 18901 GARY ELLIS CHIEF FINANCIAL OFFICER 2153409800 2023-11-15 1 GARY ELLIS 999009999 0 JENNIFER SOLOT P00749373 2155677770 2023-11-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z GARY ELLIS 138 SOUTH PINE STREET DOYLESTOWN PA 18901 6152903 0 X WWW.MICHENERARTMUSEUM.ORG X 1987 PA COLLECTS, PRESERVES, INTERPRETS AND EXHIBITS PRIMARILY AMERICAN ART. 15 15 40 80 0 0 1465319 1691825 206644 410686 1518761 1216017 241370 273116 3432094 3591644 0 0 0 0 1354943 1734251 0 0 420845 1954427 2438130 3309370 4172381 122724 -580737 37467675 31152143 475296 341194 36992379 30810949 X COLLECTS, PRESERVES, INTERPRETS AND EXHIBITS PRIMARILY AMERICAN ART, AND PROMOTES THE WORK OF NATIONALLY AND INTERNATIONALLY KNOWN DELAWARE VALLEY ARTISTS OF ALL ERAS AND CREATIVE DISCIPLINES. THE MUSEUM PRESENTS EXHIBITIONS THAT EXPLORE A VARIETY OF ARTISTIC EXPRESSIONS AND OFFERS DIVERSE EDUCATIONAL PROGRAMS THAT DEVELOP A LIFELONG INVOLVEMENT IN THE ARTS. 0 0 3023656 484448 THE MUSEUM SERVES OVER 75,000 VISITORS ANNUALLY, INCLUDING 20,000 CHILDREN THROUGH CLASS TRIPS UNDERWRITTEN BY A CORPORATE SPONSOR AND THROUGH THE EDUCATION CLASSES AND CAMPS. THE MUSEUM HAS APPROXIMATELY 3,000 MEMBER HOUSEHOLDS, WHICH INCLUDES CORPORATE MEMBERS. THE MUSEUM OFFERS A VARIETY OF LECTURES, WORKSHOPS, CLASSES, MUSICAL PERFORMANCES AND OTHER ACTIVITIES RELATED TO ITS DIVERSE CHANGING EXHIBITIONS PROGRAM. THE MUSEUM'S FOCUSED PERMANENT COLLECTION IS SUPPLEMENTED BY OVER 10 CHANGING EXHIBITIONS ANNUALLY DRAWN FROM A BROAD RANGE OF ART, HISTORICAL AND CULTURAL GENRES. THE MUSEUM HAS PUBLISHED OVER 50 CATALOGUES DOCUMENTING ITS RESEARCH AND EXHIBITION ACTIVITIES DURING THE PAST THIRTY YEARS. AMERICAN PAINTINGS, DRAWINGS, SCULPTURE, CRAFT AND DECORATIVE OBJECTS COMPRISE THE PERMANENT COLLECTION OF OVER 3,500 ITEMS DOCUMENTING THE REGION'S RICH ARTISTIC HERITAGE FROM THE 19TH THROUGH THE 21ST CENTURIES. 3023656 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 49 0 1 40 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 PA X X EXECUTIVE DIRECTOR 2153409800 138 SOUTH PINE STREET DOYLESTOWN PA 18901 VIRGINIA SIGETY CHAIR 4.00 X X 0 0 0 WILLIAM S AICHELE VICE CHAIR (UNTIL MAR. 2022) 4.00 X X 0 0 0 JAMES MCKINNEY VICE CHAIR (FROM APR. 2022) 4.00 X X 0 0 0 DANIEL STERN TREASURER 4.00 X X 0 0 0 RHODA MCKINNEY-JONES SECRETARY 4.00 X X 0 0 0 BARBARA DONNELLY BENTIVOGLIO TRUSTEE 3.00 X 0 0 0 BOB BYERS TRUSTEE 1.00 X 0 0 0 WHITNEY CHANDOR TRUSTEE 2.00 X 0 0 0 EDWARD FERNBERGER JR TRUSTEE (UNTIL MAR. 2022) 1.00 X 0 0 0 KATHY FERNBERGER TRUSTEE (FROM APR. 2022) 1.00 X 0 0 0 VAIL GARVIN TRUSTEE 1.00 X 0 0 0 PATRICIA GORSKY TRUSTEE 1.00 X 0 0 0 THE HONORABLE JAMES GREENWOOD TRUSTEE 2.00 X 0 0 0 ALICE LAWLER TRUSTEE 1.00 X 0 0 0 BRUCE NORMAN LONG TRUSTEE 2.00 X 0 0 0 LEDA SILVERMAN MOLLY TRUSTEE 1.00 X 0 0 0 ROBERT WELCH TRUSTEE 1.00 X 0 0 0 LYNNE MOLNAR INTERIM EXECUTIVE DIRECTOR (FROM MAY 2022) 40.00 X 110885 0 0 GARY ELLIS CHIEF FINANCIAL OFFICER 40.00 X 101067 0 1152 DIANE GUVENIS CHIEF DEVELOPMENT OFFICER (UNTIL NOV. 2022) 40.00 X 102318 0 756 314270 0 1908 3 0 0 0 0 277022 183950 208657 1022196 55747 1691825 ADMISSION FEES 900099 239899 239899 PROGRAM FEES 900099 170787 170787 410686 476528 476528 358194 115562 242632 242632 242632 3011730 2272241 739489 739489 739489 37634 183950 80912 -43278 -43278 165414 92544 72870 72870 MISCELLANEOUS 900099 892 892 892 3591644 484448 0 1415371 X 213104 138972 45640 28492 1288370 844680 270315 173375 15877 10354 3400 2123 93621 61290 19962 12369 123279 80395 26402 16482 12467 12467 45824 45824 515035 312881 119782 82372 40717 40717 51348 34847 9748 6753 245509 168334 42717 34458 709077 687371 21706 60225 41593 14129 4503 TEMPORARY EXHIBITION 392048 392048 GENERAL OPERATING EXPEN 338298 202290 99163 36845 MISCELLANEOUS 27582 7884 18331 1367 4172381 3023656 727880 420845 1111214 1509395 251392 249767 2578867 2451332 57607 55671 82905 85555 20719660 13203720 8239488 7515940 23406321 17944232 1739881 1340251 37467675 31152143 169144 108518 69010 36475 41042 15758 150000 159843 46100 20600 475296 341194 X 22272028 18557277 14720351 12253672 36992379 30810949 37467675 31152143 X -580737 -5124022 -476671 X 0 1 X 1 0 X 1764377 1705788 1423033 1465319 1691825 8050342 184000 179900 175300 170500 165200 874900 1948377 1885688 1598333 1635819 1857025 8925242 331174 8594068 795208 753595 605153 810077 834722 3798755 25670 46325 1954 7497 38526 119972 12843969 2366430 0.66910 0.68430 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2019 AMOUNT: $ 4,435. 2020 AMOUNT: $ 1,954. 2021 AMOUNT: $ 7,497. 2022 AMOUNT: $ 892. SPECIAL EVENT - 2018 AMOUNT: $ 25,670. 2019 AMOUNT: $ 41,890. 2022 AMOUNT: $ 37,634. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 22847498 -3955094 1156483 17735921 20898027 3698 3015383 1069610 22847498 19082091 53005 2948006 1185075 20898027 16473560 119718 3566303 1077490 19082091 17744073 490196 -874204 886505 16473560 0.56681 0.43319 0 0 602918 602918 775002 676496 98506 17894232 11119829 6774403 740541 709079 31462 706967 698316 8651 7515940 CHARITABLE GIFT ANNUITY OBLIGATIONS 20600 20600 X -1665155 -5124022 165200 -586995 -5545817 3880662 -289018 -289018 3591644 4516275 245000 289018 534018 3982257 45824 144300 190124 4172381 PART III, LINE 1A: METHOD TO RECORD THE WORKS OF ART WORKS OF ART ACQUIRED EITHER THROUGH PURCHASE OR DONATION ARE NOT CAPITALIZED. ACCORDINGLY, THE COST OF COLLECTION ITEMS PURCHASED IS REPORTED AS A DECREASE IN NET ASSETS AND PROCEEDS FROM THE SALE OF COLLECTION ITEMS ARE REPORTED AS AN INCREASE IN NET ASSETS. PART III, LINE 4: HOW TO FURTHER THE MUSEUM'S EXEMPT PURPOSE THE MUSEUM COLLECTS BOTH HISTORIC AND CONTEMPORARY WORKS BY ARTISTS FROM THE DELAWARE VALLEY. THE COLLECTION SERVES AS THE CORE RESOURCE FOR THE MYRIAD EXHIBITIONS THAT EDUCATE THE COMMUNITY ABOUT THE REGION'S ARTISTIC HERITAGE. AS THE PRINCIPAL RESOURCE FOR INFORMATION ABOUT AND RESEARCH ON INTERNATIONALLY KNOWN DELAWARE VALLEY ARTISTS, THE MUSEUM ACTIVELY COLLECTS ARCHIVAL MATERIALS AND MAINTAINS RESEARCH FILES ON MORE THAN 1,500 REGIONAL ARTISTS OF ALL CREATIVE DISCIPLINES. PART V, LINE 4: INTENDED USE OF THE MUSEUM'S ENDOWMENT FUNDS THE ENDOWMENTS PROVIDE FINANCIAL SUPPORT FOR COLLECTION CARE, ACQUISITION, AND OTHER PURPOSES. PART X, LINE 2: UNCERTAIN TAX POSITIONS UNDER ASC 740 GAAP REQUIRES ENTITIES TO EVALUATE, MEASURE, RECOGNIZE AND DISCLOSE ANY UNCERTAIN TAX POSITIONS. GAAP PRESCRIBES A MINIMUM THRESHOLD THAT A TAX POSITION IS REQUIRED TO MEET IN ORDER TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS. THE MUSEUM BELIEVES THAT IT HAD NO UNCERTAIN TAX POSITIONS AS DEFINED IN GAAP. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST IN SPLIT INTEREST AGREEMENTS -396,871. ART COLLECTION ITEMS PURCHASED -144,300. INVESTMENT MANAGEMENT FEES -45,824. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -92,544. RENTAL EXPENSES -115,562. EVENT DIRECT EXPENSES -80,912. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 92,544. RENTAL EXPENSES 115,562. FUNDRAISING EXPENSES 80,912. PART XII, LINE 4B - OTHER ADJUSTMENTS: ART COLLECTION ITEMS PURCHASED 144,300. GALA 221584 183950 37634 44766 36146 221584 183950 37634 44766 36146 80912 -43278 X 50 0 SEE PART II FOR DETAILS X 2 55747 FMV 0 0 1 0 PART I, LINE 33: WORKS OF ART ACQUIRED EITHER THROUGH PURCHASE OR DONATION ARE NOT CAPITALIZED. THE COST OF COLLECTION ITEMS PURCHASED IS REPORTED AS A DECREASE IN NET ASSETS AND PROCEEDS FROM THE SALE OF COLLECTION ITEMS ARE REPORTED AS AN INCREASE IN NET ASSETS. FORM 990, PART VI, SECTION B, LINE 11B GOVERNING BODY REVIEW OF FORM 990 PRIOR TO FILING WITH THE IRS, A DRAFT FORM 990 IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT AND MONITORING OF THE CONFLICT OF INTEREST POLICY THE CONFLICT OF INTEREST POLICY COVERS ALL BOARD MEMBERS AND IS GIVEN TO ALL BOARD MEMBERS ON AN ANNUAL BASIS. THE POLICY IS REVIEWED AND SIGNED AND ACTUAL OR POTENTIAL CONFLICTS ARE DISCLOSED. IF A CONFLICT OF INTEREST IS RAISED, THE MATTER IS BROUGHT TO THE ATTENTION OF THE FULL BOARD WHERE IT IS DISCUSSED AND DECIDED WHETHER A CONFLICT EXISTS. IF A CONFLICT OF INTEREST EXISTS, THE BOARD MEMBER OR KEY EMPLOYEE WILL EXCUSE THEMSELVES IN ACCORDANCE WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15A PROCESS FOR DETERMINING COMPENSATION THE EXECUTIVE DIRECTOR'S CONTRACT IS ANNUALLY APPROVED BY THE BOARD OF DIRECTORS. COMPENSATION IS COMPARED TO SIMILAR ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC AVAILABILITY OF OTHER DOCUMENTS THE MUSEUM'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE MUSEUM'S WEBSITE, THROUGH CHARITY NAVIGATOR AND GUIDESTAR. FORM 990, PART IX, LINE 11G PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 312,881. MANAGEMENT AND GENERAL EXPENSES 119,782. FUNDRAISING EXPENSES 82,372. TOTAL EXPENSES 515,035. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -396,871. IN-KIND CONTRIBUTION -79,800.