2021-08-13T09:27:26-05:00 2020-09-30 141918990 TEMPLETON & COMPANY LLP 222 LAKEVIEW AVENUE SUITE 1200 WEST PALM BEACH FL 33401 990 2019-10-01 590624432 NORTON MUSEUM OF ART INC NORT 5618325196 1450 S DIXIE HIGHWAY WEST PALM BEACH FL 33401 JOHN SAFRANEK CHIEF FINANCIAL OFFICER 5618325196 2021-08-13 1 WALTER G MAXWELL P00186333 5617989988 2019 2022-09-23 18:48:47Z JOHN SAFRANEK 1450 S DIXIE HIGHWAY WEST PALM BEACH FL 33401 21120824 0 X WWW.NORTON.ORG X 1941 FL SEE SCHEDULE O FOR ORGANIZATION'S MISSION. 35 35 126 95 0 0 14147018 14099854 644550 448652 1513262 4901124 511849 -118378 16816679 19331252 0 0 0 0 6594243 5947328 0 0 915185 13019452 11664665 19613695 17611993 -2797016 1719259 214814864 198420439 53714897 34411224 161099967 164009215 X THE NORTON MUSEUM OF ART WELCOMES VISITORS TO EXPERIENCE THE TRANSFORMATIVE POWER OF ART THROUGH INTIMATE AND INNOVATIVE ENCOUNTERS WITH DISTINCTIVE PROGRAMS AND WIDE-RANGING COLLECTIONS. 0 0 5398705 521863 EXHIBITIONS:DURING FY20, THE NORTON MUSEUM CELEBRATED ITS TRANSFORMED BUILDING DESIGNED BY FOSTER + PARTNERS TO GREAT ACCLAIM WITH HIGHEST ATTENDANCE EVER REALIZED BY THE NORTON MUSEUM. ALL OF THE GALLERIES WERE ANIMATED WITH COLLECTION AND RECENT ACQUISITIONS BY GIFT AND PURCHASE REFLECTING THE FIVE COLLECTING AREAS OF THE NORTON: PHOTOGRAPHY, CHINESE ART, EUROPEAN ART, AMERICAN ART AND CONTEMPORARY AND A NEW GALLERY FOR SCULPTURE PARALLEL TO OUR NEW SCULPTURE GARDEN. WE EXPERIMENTED WITH OUR SUITE OF NEW GALLERIES FOR SPECIAL EXHIBITIONS OF APPROXIMATELY 6,000 SQUARE FEET WHICH OPENED WITH GOING PUBLIC: FLORIDA COLLECTORS CELEBRATE THE NORTON, AND SHOWCASED ONE OF THE MOST NOTABLE PRIVATE COLLECTIONS OF MOVIE POSTERS, COMING SOON: FILM POSTERS FROM THE DWIGHT M. CLEVELAND COLLECTION COMPLEMENTED BY AN EXHIBITION FROM THE NORTON PHOTOGRAPHY COLLECTION, SEE AND BE SEEN: PICTURING NOTORIETY THAT INCLUDED A LIVE FEED FOR VISITORS TO DISPLAY THEIR OWN IMAGES. THIS SUCCESS WAS FOLLOWED BY THE CRITICALLY ACCLAIMED BROOKLYN MUSEUM EXHIBITION GEORGIA O'KEEFFE: LIVING MODERN. AS A LENDER TO THE EXHIBITION WITH 3 OUTSTANDING PAINTINGS BY O'KEEFFE IN THE NORTON COLLECTION, IT WAS WELL RECEIVED WITH WONDERFUL PROGRAMMING AND HIGH ATTENDANCE. THE SPRING OF 2020 OPENED WITH THE RUDIN PRIZE FOR EMERGING PHOTOGRAPHERS AND AN EXCEPTIONAL LOAN EXHIBITION, ROBERT RAUSCHENBERG: FIVE DECADES FROM THE WHITNEY'S COLLECTION A SUCCINCT SURVEY WITH RARE AND CLASSIC WORKS BY THE FLORIDA BASED ARTIST AND CONTEMPORARY MASTER OF 20TH C. ART. EXHIBITIONS IN OTHER ROTATING SPACES INCLUDED THE BODY SAYS, I AM A FIESTA: THE FIGURE IN LATIN AMERICAN ART WHICH SHOWCASED OUR MODEST COLLECTION AND INTRODUCED SPANISH/ENGLISH GRAPHICS; THE RICHMAN GIFT OF AMERICAN ART - A RESPECTED GROUP OF PAINTINGS ADDING TO OUR COLLECTION AND PHOTO +, AND WHO? AND WHEN? ROTATIONS FROM OUR PHOTOGRAPHY COLLECTION. THE CHINESE GALLERIES FEATURED RECENT LOANS OF PAINTINGS. LIKE MUSEUMS EVERYWHERE, WE WERE FORCED TO CLOSE OUR DOORS IN MARCH 2020. 1183089 3981029 ACQUISITIONS AND CONSERVATION: GIFTS AND PROMISED GIFTS CONTINUED TO BRING EXCEPTIONAL ART INTO THE NORTON MUSEUM COLLECTION. WE HAVE CONTINUED TO BENEFIT FROM GENEROUS SUPPORTERS OF THE NORTON. THE WORKS OF ART COMMITTEE APPROVED APPROXIMATELY 40 PAINTINGS AND SCULPTURE: APPROXIMATELY 25 WORKS ON PAPER AND 175 PHOTOGRAPHIC IMAGES. MANY ARTISTS WERE REPRESENTED FOR THE FIRST TIME AND OTHERS COMPLEMENTED OUR HOLDINGS. WE CONTINUE TO MONITOR OUR COLLECTION WITH EXAMINATIONS AND CONSERVATION TREATMENTS. ONLY MINOR TREATMENTS WERE NECESSARY THIS YEAR. THE SCULPTURES ON VIEW IN OUR NEW SCULPTURE GARDEN, THE MAJOR WORK BY OLDENBURG AND VAN BRUGGEN ON THE WEST FACADE AND HISTORIC MANSHIPS ON THE EAST FACADE OF THE 1941 BUILDING WERE CLEANED PER A NEW ANNUAL SCHEDULE FOR CLEANING AND WAXING. WE ARE ALSO REVIEWING THE CONDITION OF CHINESE BRONZE VESSELS FOR POSSIBLE TREATMENT. 3936740 380543 EDUCATION:IN FY 20, THE MUSEUM WAS OPEN TO THE PUBLIC THROUGH MARCH 13, 2020 WHEN THE EARLY STAGES OF THE COVID PANDEMIC FORCED THE MUSEUM TO CLOSE. UP TO THAT DATE WE PURSUED PROGRAMMING FOR ALL AUDIENCES AS IN PREVIOUS YEARS WITH A WIDE ARRAY OF OFFERINGS FROM SCHOOL TOURS TO COMMUNITY FESTIVALS AND ART AFTER DARK LECTURES AND PERFORMANCES. ART AFTER DARK DREW AN AVERAGE OF 650 VISITORS PER FRIDAY EVENING; LECTURES AND PANEL DISCUSSIONS ATTRACTED OVER 2,000 PATRONS AND PRIVATE GROUP DOCENT-LED TOURS OF THE SPECIAL EXHIBITION GEORGIA O'KEEFFE: LIVING MODERN HOSTED OVER 1,400 GUESTS. THE CHINESE NEW YEAR CELEBRATION (AT WHICH OUR CURATOR AND SPONSOR ACKNOWLEDGED THE HUMAN TOLL OF THE VIRUS IN CHINA), ATTRACTED 1,799 GUESTS ON FEBRUARY 8. THE CELEBRATING BLACK FLORIDA FESTIVAL TWO WEEKS LATER DREW 1,663, FEATURING EXCITING PROGRAMS BY THE NORTON MUSEUM'S TEEN ADVISORY SQUAD (TASQ) AND STIRRING PERFORMANCES BY HUED SONGS OF MIAMI. APPROXIMATELY 2,500 SCHOOL STUDENTS ATTENDED THE MUSEUM FOR SCHOOL TOURS DURING THE FIRST PART OF THE FISCAL YEAR. OVER 1,000 CHILDREN AND FAMILY MEMBERS ATTENDED FAMILY PROGRAMS DURING THE SAME PERIOD. THE AFTERSCHOOL ARTS OUTREACH PROVIDED ARTS EDUCATION TO OVER 670 CHILDREN IN UNDERSERVED COMMUNITIES AS IT HAS SINCE THE '90S, AND THE AAO PROGRAM ALSO EARNED AWARDS FROM OUR COMMUNITY PARTNERS THE SALVATION ARMY AND THE PACE CENTER FOR GIRLS. DURING THIS PERIOD, THE MUSEUM'S PROGRAM PARTNERS INCLUDED: PALM BEACH COUNTY LIBRARY SYSTEM, PALM BEACH COUNTY SCHOOL DISTRICT, HISTORICAL SOCIETY OF PALM BEACH COUNTY, FAU'S ART CLUB, PALM BEACH ATLANTIC UNIVERSITY, LYNN UNIVERSITY, PALM BEACH OPERA, NEW WAVE ART WEEKEND, VIVACE MUSIC ACADEMY, MALTZ JUPITER THEATER AND AFRIQUE NGOZI DANCE AND DRUM, AMONG OTHERS.THE EDUCATION DEPARTMENT QUICKLY MOBILIZED AFTER THE MUSEUM CLOSED ON FRIDAY, MARCH 13, TO CONTINUE SERVING AUDIENCES. WORKING WITH THE CURATORIAL AND COMMUNICATIONS DEPARTMENT, WE BEGAN TO PROVIDE NORTON FROM HOME PROGRAMS, INCLUDING VIRTUAL ART ACTIVITIES, GALLERY TALKS, PODCASTS, AND, BY SUMMER, VIRTUAL LECTURES, AND CONVERSATIONS WITH GUEST SPEAKERS ONLINE. AS EARLY AS APRIL, WE BEGAN HOSTING ART AFTER DARK ONLINE EVERY MONTH, WITH LIVELY REMOTE PERFORMANCES BY SOUTH FLORIDA MUSICIANS AND VIDEOTAPED VISITS TO ARTIST'S STUDIOS. OVER THE COURSE OF THE REMAINING 6 MONTHS THE MUSEUM CREATED APPROXIMATELY 50 NORTON FROM HOME PROGRAMS. BY LATE SUMMER, A FULL SCHEDULE OF LIVE, VIRTUAL PROGRAMS WAS UNDERWAY.TWO OTHER IMMEDIATE ACTIONS WE TOOK WERE TO CONTINUE TO SERVE AFTERSCHOOL ARTS OUTREACH STUDENTS BY CREATING INDIVIDUAL ART SUPPLY KITS WITH LESSON PLANS FOR ART ACTIVITIES WE SHARED AT OUR SITES. BETWEEN THE SPRING AND END OF FY20, 3,000 SUCH KITS HAD BEEN MADE AND DISTRIBUTED TO CHILDREN (AND VIRTUAL CLASSES HAD RESUMED AT AAO SITES). MUSEUM EDUCATORS ALSO TOOK THE LULL IN SCHOOL PROGRAMS TO RESEARCH AND DEVELOP A DISTANCE LEARNING PROGRAM; BY SEPTEMBER WE WERE ABLE TO BEGIN HOSTING VIRTUAL SCHOOL TOURS FROM THE MUSEUM'S GALLERIES. 240711 265805 MUSEUM STORE:AFTER COMPLETION OF THE NEW NORTON CONTRUCTION, THE NORTON MUSEUM REOPENED ITS MUSEUM STORE. 240711 265805 10759245 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 95 0 1 126 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 35 35 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 FL X JOHN SAFRANEK 5618325196 1450 S DIXIE HIGHWAY WEST PALM BEACH FL 33401 BRUCE GENDELMAN CHAIRMAN 6.00 X X 0 0 0 THOMAS S JOHNSON VICE CHAIR 4.00 X X 0 0 0 JANE CARROLL SECRETARY 4.00 X X 0 0 0 ARTHUR MARTINEZ TREASURER 4.00 X X 0 0 0 RANDI BITOVE DIRECTOR 2.00 X 0 0 0 DIANE BODMAN DIRECTOR 2.00 X 0 0 0 HOWARD COX DIRECTOR 2.00 X 0 0 0 CANDIA FISHER DIRECTOR 2.00 X 0 0 0 HOWARD GANEK DIRECTOR 2.00 X 0 0 0 ANNABELLE K GARRETT DIRECTOR 2.00 X 0 0 0 PAMELA GOERGEN DIRECTOR 2.00 X 0 0 0 RONNIE HEYMAN DIRECTOR 2.00 X 0 0 0 JANE HOLZER DIRECTOR 2.00 X 0 0 0 SUE HOSTETLER DIRECTOR 2.00 X 0 0 0 HARRY HOWELL DIRECTOR 2.00 X 0 0 0 THOMAS IOVINO DIRECTOR 2.00 X 0 0 0 LORNA JAMES DIRECTOR 2.00 X 0 0 0 MICHELLE JACOBS DIRECTOR 2.00 X 0 0 0 MICHELE KANG DIRECTOR 2.00 X 0 0 0 IRENE KARP DIRECTOR 2.00 X 0 0 0 GILBERT C MAURER DIRECTOR 2.00 X 0 0 0 BONNIE MCELVEEN-HUNTER DIRECTOR 2.00 X 0 0 0 HILARIE MORGAN DIRECTOR 2.00 X 0 0 0 CARLOS MORRISON DIRECTOR 2.00 X 0 0 0 JOHN NIBLACK DIRECTOR 2.00 X 0 0 0 MARGARITA PINKOS DIRECTOR 2.00 X 0 0 0 ANNE REYES DIRECTOR 2.00 X 0 0 0 PAM REYES DIRECTOR 2.00 X 0 0 0 RICHARD SALOMON DIRECTOR 2.00 X 0 0 0 THOMAS A SAUNDERS III DIRECTOR 2.00 X 0 0 0 RUTH BAUM DIRECTOR 2.00 X 0 0 0 NICKI HARRIS DIRECTOR 2.00 X 0 0 0 JOEY PEARSON DIRECTOR 2.00 X 0 0 0 ANNE BERKLEY SMITH DIRECTOR 2.00 X 0 0 0 KEMP C STICKNEY DIRECTOR 2.00 X 0 0 0 JOHN SAFRANEK CFO 40.00 X 230539 0 7662 ELLIOT DAVIS CEO 40.00 X 307420 0 5120 CHERYL BRUTVAN DIRECTOR OF CURATORIAL AFF 40.00 X 137213 0 7324 SAMUEL ANKERSON DEPUTY DIRECTOR 40.00 X 130003 0 7324 CAROLINE ASHLEY DIRECTOR OF DEVELOPMENT 40.00 X 114108 0 4393 CHERYL MACMILLAN DIRECTOR OF FINANCE 40.00 X 115458 0 338 LAZARO RODRIGUEZ IT 40.00 X 100631 0 7391 HOPE ALSWANG FORMER EXECUTIVE DIRECTOR 40.00 X 525663 0 1906 1661035 0 41458 11 1 1 0 GILBANE BUILDING COMPANY 661 UNIVERSITY BLVD 107 JUPITER FL 33458 CONSTRUCTION SERVICES 16945665 BEACON CONSTRUCTION GROUP 648 US HIGHWAY 1 NORTH PALM BEACH FL 33408 CONSTRUCTION SERVICES 1848385 CBTCHILDS BERTMAN TSECKARES INC 110 CANAL STREET BOSTON MA 02114 CONSTRUCTION SERVICES 666511 CBI 232 SW 5TH ST POMPANO BEACH FL 33060 CONSTRUCTION SERVICES 510840 CONSTELLATION CULINARY GROUP 2151 NW 1ST CT MIAMI FL 33127 CATERING 481099 19 2128994 2633317 125754 9211789 1511169 14099854 ADMISSIONS 713990 311980 311980 PROGRAM REVENUE 611610 136672 136672 448652 920095 920095 29586 0 29586 29586 29586 3981029 0 3981029 3981029 3981029 693500 2633317 1561023 -867523 -867523 494354 228549 265805 265805 FACILITY USE REVENUE 531390 290832 290832 OTHER INCOME 900099 60938 60938 RESTAURANT COMMISSIONS 722511 55655 55655 46329 46329 453754 19331252 5149240 0 82158 637099 396523 240576 4414700 2763087 1236859 414754 533704 332970 159628 41106 361825 242141 92582 27102 481057 481057 1234494 673404 560915 175 235930 3243 232687 667249 322008 315270 29971 131700 35994 31020 64686 1699741 1376794 237962 84985 104152 91000 9864 3288 1177157 1177157 3651227 2957495 511170 182562 665698 75014 590684 ACQUISITION OF ART 528783 528783 EXHIBITS 474781 474781 ARTIST FEES 198790 198790 CATERING 192504 133742 3757 55005 221402 153476 56375 11551 17611993 10759245 5937563 915185 4650 4353 6869855 5658510 24234348 16285959 108707 174153 253782 551154 112349366 8917482 106645342 103431884 55863791 51472020 17988880 17962662 2698916 2873667 6836 2 139757 6075 214814864 198420439 2119227 1242994 865516 266805 19200000 0 31500000 32633500 30154 267925 53714897 34411224 X 88634375 98735447 72465592 65273768 161099967 164009215 214814864 198420439 1719259 1189989 0 X X 0 1 X 1 0 X 18084381 14259373 50507338 12404995 14099854 109355941 624233 207790 208282 644550 448652 2133507 18708614 14467163 50715620 13049545 14548506 111489448 0 0 0 111489448 2029347 2451605 3102009 2531568 4063187 14177716 2029347 2451605 3102009 2531568 4063187 14177716 161528 40264 210 980863 453754 1636619 20899489 16959032 53817839 16561976 19065447 127303783 0.87580 0.89760 0.11140 0.09270 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 81959833 4003100 6133245 18953141 73143037 86015007 161777 1559954 5776905 81959833 77559191 7111820 5622957 4278961 86015007 70753931 4118486 6191533 3504759 77559191 67926766 825712 6473518 4472065 70753931 0.34000 0.46000 0.20000 0 0 14098682 14098682 89168063 8917482 80250581 9082621 9082621 103431884 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 17962662 F 17962662 OBLIGATIONS UNDER CAPITAL LEASE 267925 267925 X 21829756 1189989 1789572 2979561 18850195 481057 481057 19331252 18920508 1789572 1789572 17130936 481057 481057 17611993 PART III, LINE 1A: THE NORTON HAS ELECTED TO EXCLUDE THE VALUE OF OBJECTS IN THE PERMANENT COLLECTION FROM THE STATEMENT OF FINANCIAL POSITION, AS PERMITTED BY SFAS NO. 116. AN ADDITION OF ART TO THE PERMANENT COLLECTION IS MADE EITHER BY GIFT OR THROUGH PURCHASE USING ART ACQUISITION FUNDS. THE ACCEPTANCE AND DISPOSAL OR REMOVAL OF WORKS OF ART IN THE COLLECTION IS PERFORMED IN ACCORDANCE WITH A FORMAL POLICY ADOPTED BY THE BOARD OF TRUSTEES IN 2003. PURCHASES FOR THE COLLECTION ARE RECORDED AS EXPENDITURES FOR THE ACQUISITION OF ART OBJECTS IN THE STATEMENT OF ACTIVITIES FOR THE YEAR IN WHICH THE OBJECTS ARE ACQUIRED. PART III, LINE 4: RALPH AND ELIZABETH NORTON ESTABLISHED THE NORTON MUSEUM OF ART AS THE NORTON GALLERY AND SCHOOL OF ART IN 1941. IT WAS FOUNDED ON THE BASIS OF THEIR PRIVATE COLLECTION, WHICH WAS COMPRISED OF A HANDFUL OF OLD MASTER PAINTINGS AND FAR MORE EXTENSIVE HOLDINGS OF FRENCH AND AMERICAN PAINTING, SCULPTURE, AND WORKS ON PAPER, MOST MADE AFTER 1870. BEFORE HIS DEATH IN 1953, NORTON EXPANDED THE COLLECTION TO INCLUDE CHINESE ART, SUCH AS ANCIENT BRONZES AND JADES, CERAMICS, FURNITURE, AND TEXTILES. HIS BEQUEST ADDED MANY MORE WORKS IN EACH OF THESE CATEGORIES TO THE COLLECTION. IN SUBSEQUENT DECADES, ACQUISITIONS FROM ALL SOURCES HAVE ENRICHED THE ORIGINAL COLLECTING AREAS OF EUROPEAN, AMERICAN, AND CHINESE ART IN TERMS OF BREADTH AND DEPTH WHILE CONFORMING TO THE HIGH QUALITATIVE STANDARDS ESTABLISHED BY THE NORTONS. TODAY, THE COLLECTION NUMBERS APPROXIMATELY 7,000 OBJECTS. AMONG THE MOST SOUGHT-AFTER WORKS FOR LOANS TO EXHIBITIONS BOTH HERE AND ABROAD ARE MONET'S "GARDENS OF VILLA MORENO," GAUGUIN'S "CHRIST IN THE GARDEN OF OLIVES," POLLOCK'S "NIGHT MIST, AND OUR THREE O'KEEFFE PAINTINGS. THE NORTON MUSEUM OF ART STRIVES TO PRESERVE, DEVELOP, EXHIBIT AND INTERPRET ITS OUTSTANDING COLLECTION AND TO EDUCATE THE PUBLIC THROUGH SPECIAL EXHIBITIONS, PUBLICATIONS AND PROGRAMS. AS A RECOGNIZED LEADER IN THE ARTS IN THE YEARS SINCE ITS FOUNDING, THE NORTON MUSEUM OF ART BRINGS A SIGNIFICANT CULTURAL AND EDUCATIONAL PRESENCE TO THE STATE OF FLORIDA AND REACHES NATIONALLY AND INTERNATIONALLY THROUGH ITS PROGRAMMING AND VISITORS, LOANS OF WORKS OF ART, AND TRAVELING EXHIBITIONS. A PRINCIPAL STRENGTH OF THE NORTON LIES IN ITS PERMANENT COLLECTION SINCE THE QUALITY, DEPTH AND BREADTH OF ITS HOLDINGS ARE USED AS THE BASIS FOR EXHIBITIONS, EDUCATIONAL PROGRAMS AND SCHOLARSHIP. FOR EXAMPLE, SCHOOL AND SUMMER CAMP TOURS INTRODUCE APPROXIMATELY 10,000 K-12 STUDENTS TO WORKS IN THE MUSEUM'S COLLECTION EACH YEAR. NINE MUSEUM COLLECTION THEME TOURS AND FIVE SPECIAL EXHIBITION TOURS ARE AVAILABLE FOR TEACHERS TO CHOOSE FROM, FREE OF CHARGE, ON TOPICS RANGING FROM MEDIEVAL AND RENAISSANCE TREASURES TO THE ART OF SCIENCE AND AFRICAN AMERICAN ART AND CULTURE. THE NORTON COLLECTION IS ALSO THE FOCUS OF EDUCATIONAL PROGRAMS FOR ADULTS. CONCERTS AND PERFORMANCES RELATE TO SPECIAL EXHIBITIONS AND CULTURAL THEMES REPRESENTED BY WORKS IN THE GALLERIES. TOURS, AND TREASURE OF THE MONTH TALKS ALLOW VISITORS TO ENGAGE WITH DOCENTS AND STAFF IN THE GALLERIES IN INFORMAL DISCUSSIONS OF SUBJECTS IN ART AND WORKS ON VIEW. A CLOSER LOOK PROVIDES PUBLIC ACCESS TO LECTURES FOR DOCENT CANDIDATES CONCERNING SPECIFIC WORKS IN THE MUSEUM COLLECTION AND THE HISTORICAL CONTEXTS AND CIRCUMSTANCES OF THEIR ORIGIN. PART V, LINE 4: THE NORTON'S ENDOWMENT IS ESTABLISHED FOR THE PURPOSES EXPRESSED IN THE MISSION OF THE NORTON. PART X, LINE 2: THE NORTON IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE FINANCIAL STATEMENTS. THE NORTON IS REQUIRED TO OPERATE IN CONFORMITY WITH THE PROVISIONS OF THE INTERNAL REVENUE CODE TO MAINTAIN ITS EXEMPT STATUS. UNDER THE PROVISIONS OF FASB ASC 740, UNCERTAINTY IN INCOME TAXES, MANAGEMENT ANALYZES TAX POSITIONS IN JURISDICTIONS WHERE IT IS REQUIRED TO FILE INCOME TAX RETURNS. INTEREST AND PENALTIES ATTRIBUTABLE TO INCOME TAXES, IF ANY, ARE INCLUDED IN OPERATING EXPENSES. NO SUCH INTEREST OR PENALTIES WERE RECORDED FOR THE YEARS ENDED SEPTEMBER 30, 2020 AND 2019. THE NORTON IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO SEPTEMBER 30, 2017. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES 1,561,023. COST OF SALES 228,549. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES 1,561,023. MUSEUM STORE 228,549. GALA 3307427 2633317 674110 333423 262101 35420 799595 GENERAL 19390 0 19390 6644 123840 3326817 2633317 693500 333423 268745 35420 923435 1561023 -867523 X 0 0 X X X 0 1 0 0 0 0 0 0 0 JOHN SAFRANEK CFO 230539 0 0 0 0 0 0 0 7662 0 238201 0 0 0 ELLIOT DAVIS CEO 307420 0 0 0 0 0 0 0 5120 0 312540 0 0 0 HOPE ALSWANG FORMER EXECUTIVE DIRECTOR 525663 0 0 0 0 0 0 0 1906 0 527569 0 0 0 PART I, LINE 1B THE NORTON MUSEUM OF ART'S DIRECTOR, ELLIOT DAVIS, LIVES IN ONE OF THE HOUSES OWNED BY THE MUSEUM. THE HOME GIVES THE DIRECTOR A PLACE TO HOST SMALL, INTIMATE GATHERINGS OF DONORS AND OTHER GUESTS FOR FUNDRAISING AND OTHER PURPOSES RELATED TO THE NORTON'S MISSION. X 24 1005548 MARKET VALUE X AUCTION ITEMS 24 488500 MARKET VALUE X INTERNET ADS 11 12321 MARKET VALUE X GELATO CART 1 4800 MARKET VALUE 0 1 1 PART I, LINE 32B: THE NORTON MUSEUM OF ART UTILIZES THIRD PARTY BROKERS TO SELL SECURITIES THAT IT HAS RECEIVED AS NONCASH CONTRIBUTIONS. PART I, LINE 33: THE NORTON HAS ELECTED NOT TO ASSIGN A FINANCIAL VALUE TO GIFTS OF ART TO BE HELD IN THE COLLECTIONS FOR PURPOSES RELATED TO ITS MISSION, OR FOR WHICH THE PROCEEDS FROM ANY SALE WILL BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS, AS ALLOWED BY SFAS 116. FORM 990, PART I, LINE 1: THE NORTON MUSEUM OF ART WELCOMES VISITORS TO EXPERIENCE THE TRANSFORMATIVE POWER OF ART THROUGH INTIMATE AND INNOVATIVE ENCOUNTERS WITH DISTINCTIVE PROGRAMS AND WIDE-RANGING COLLECTIONS. FORM 990, PART VI, SECTION A, LINE 7A DIRECTORS OF THE GOVERNING BOARD APPOINT NEW DIRECTORS TO THE GOVERNING BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE CONDUCTS A THOROUGH REVIEW OF THE FINAL DRAFT BEFORE IT GOES TO THE FULL BOARD OF TRUSTEES. THE FINAL DRAFT IS THEN PROVIDED TO THE ENTIRE BOARD OF TRUSTEES PRIOR TO FILING FOR THEIR REVIEW AND CONCURRENCE. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE BOARD IS PROVIDED WITH A CONFLICT OF INTEREST QUESTIONNAIRE WHICH IS USED BY THE ORGANIZATION TO DETERMINE IF THERE ARE ANY CONFLICTS BETWEEN THE BOARD AND THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15A CEO COMPENSATION FOR THE CURRENT PERIOD WAS DETERMINED BY THE CHAIRMAN OF THE BOARD'S ANALYSIS OF COMPARABLE SALARY DATA OF SIMILAR POSITIONS IN OTHER ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION RETAINS ALL REQUIRED PUBLIC INSPECTION DOCUMENTS AT ITS CORPORATE OFFICE. SHOULD THE PUBLIC REQUEST TO REVIEW ANY OF THE DOCUMENTS, THE ORGANIZATION HAS THEM READILY AVAILABLE FOR INSPECTION. FORM 990, PART XII, LINE 2C: THE POLICY FOR THE OVERSIGHT COMMITTEE HAS NOT CHANGED DURING THE YEAR.