2019-06-14T15:23:38-05:00 2018-07-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 650N BETHESDA MD 208142930 990 2017-08-01 530204620 THE PHILLIPS COLLECTION PHIL 2023872151 1600 21ST STREET NW WASHINGTON DC 20009 CHERYL NICHOLS CHIEF FINANCIAL OFFICER 2023872151 2019-06-14 1 3019519090 75.103.231.202 2019-06-14 16:23:30 ED P 00221D71699F22EC18F9068016BB4E77513E6E0C A9504BA2D9F7546803EEDE267A4E09F3A9B8C9DA 2017 2019-02-21 02:37:17Z DANI LEVINAS 1600 21ST STREET NW WASHINGTON DC 20009 28392822 0 X WWW.PHILLIPSCOLLECTION.ORG X 1921 DC 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, AND PUBLIC PROGRAM SERIES 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. 33 33 252 120 46021 51888 8922034 7790290 4096025 2932169 3206040 2861103 364734 348829 16588833 13932391 0 0 0 0 7159935 7341520 0 0 1993516 6399954 6460339 13559889 13801859 3028944 130532 111438630 112230667 17192308 15621709 94246322 96608958 X THE PHILLIPS COLLECTION IS AN INTIMATE MUSEUM COMBINED WITH AN EXPERIMENT STATION. AT ITS HEART IS AN EXCEPTIONAL COLLECTION OF MODERN AND CONTEMPORARY ART AROUND WHICH WE CREATE A DYNAMIC ENVIRONMENT FOR LOOKING, LEARNING, AND ENJOYMENT. 0 0 1948590 600915 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 FY18 INCLUDED: RENOIR AND FRIENDS: LUNCHEON OF THE BOATING PARTY, WHICH HIGHLIGHTED THE CIRCUMSTANCES LEADING UP TO THE CREATION OF THE PAINTING AND THE ARTIST'S DIVERSE CIRCLE OF FRIENDS WHO INSPIRED IT; TEN AMERICANS: AFTER PAUL KLEE, WHICH EXPLORED THE ROLE OF SWISS-BORN ARTIST PAUL KLEE IN MID-20TH CENTURY AMERICAN ART VIA TEN ARTISTS WHO ADAPTED ASPECTS OF KLEE'S ART AND IDEOLOGY INTO THEIR OWN ARTISTIC DEVELOPMENT; AND MARKING THE INFINITE: CONTEMPORARY WOMEN ARTISTS FROM ABORIGINAL AUSTRALIA, AN EXHIBITION SPOTLIGHTING THE WORK OF NINE LEADING ABORIGINAL AUSTRALIAN WOMEN ARTISTS, WHO THROUGH THEIR ART, MAKE MARKS UPON THE INFINITE, ASSERTING BOTH OUR SHARED HUMANITY AND DIFFERENCES IN EXPERIENCING AND VALUING THE SAME PLANET. ALL THREE MAJOR EXHIBITIONS INCLUDED CATALOGUE PUBLICATIONS AND A NUMBER OF PUBLIC EVENTS. OVER 5,000 K-12 STUDENTS WERE REACHED DURING THE FISCAL YEAR THROUGH BOTH ONSITE TOURS AND THROUGH OUR ACTIVITIES WITH AND WITHIN DC PUBLIC SCHOOLS. WE EXPERIENCED A 29% INCREASE IN USERS FOR OUR PRISM K.12 WEBSITE. OUR CREATIVE AGING PROGRAM WITH IONA CONTINUES TO PRODUCE EXCELLENT SENIOR EXHIBITIONS AND WARM FEEDBACK FROM PARTICIPANTS. 1674379 91000 PRESENTATION OF A BROAD RANGE OF PROGRAMMING DESIGNED TO APPEAL TO THE MUSEUM'S EXPANDING VISITOR DEMOGRAPHIC. ACTIVITIES WITH OUR ACADEMIC PARTNER, THE UNIVERSITY OF MARYLAND, INCLUDED CONCERTS, LECTURES, "CONVERSATIONS" WITH LOCAL, NATIONAL, AND INTERNATIONAL ARTISTS, AND PARTICIPATION IN AN INNOVATIVE STEAM PROGRAM FOR FIRST YEAR STUDENTS. THE PHILLIPS CONTINUES TO PROVIDE "POP-UP" SERVICES IN THE COMMUNITY, INCLUDING PARTICIPATION IN THE ANACOSTIA RIVER FESTIVAL. THE MUSEUM'S PHILLIPS AFTER 5 SERIES ON THE FIRST THURSDAY OF EACH MONTH WELCOMED AN AVERAGE OF 751 VISITORS PER EVENING AND FEATURED SUCH THEMES AS "FINNISH KOOL AND "JAZZIN' AT THE PHILLIPS." EACH EVENING OFFERS MUSIC, ART ACTIVITIES, VERY POPULAR GALLERY TALKS, AND FILMS, ARTIST PRESENTATIONS, OR OTHER EXPERIENTIAL PROGRAMS IN CONJUNCTION WITH OUR EMBASSY OR VENDOR PARTNERS. THE ANNUAL FAMILY FUN DAYS PRESENTED IN COLLABORATION WITH THE DC JAZZ FESTIVAL WELCOMED OVER 4,600 VISITORS FOR TWO DAYS OF LEARNING INVOLVING MUSIC, ART, STORYTELLING, AND CRAFTS. PROGRAMMATIC PARTNERSHIPS CONTINUE WITH MANY ARTISTIC ORGANIZATIONS INCLUDING WOLF TRAP, THE FOLGER SHAKESPEARE LIBRARY, AND VARIOUS DEPARTMENTS AT UMD. 4633806 847767 MANAGEMENT AND MAINTENANCE OF THE MUSEUM'S PERMANENT COLLECTION OF OVER 4,500 WORKS 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. THE MUSEUM FEATURED THE WORK OF LIVING ARTISTS FROM ITS INCEPTION, AND THE TRADITION CONTINUES TODAY WITH RECENT ACQUISITIONS OF WORKS BY ARLENE SHECHET, A SCULPTURE COMMISSIONED FROM ANGELA BULLOCH, BETTINA POUSTTCHI, AND KATE SHEPHERD. ACTIVITIES INCLUDE CONSERVATION, ACQUISITION OF NEW WORKS THROUGH BOTH GIFT AND PURCHASE, DIGITAL REPRODUCTION FOR PUBLICATIONS AND FOR PRESENTATION ON THE MUSEUM'S WEBSITE AND ON ARTSTOR AND GOOGLE ART. RESEARCH AND INTERPRETATION FOR SCHOLARS AND THE PUBLIC IS MADE AVAILABLE THROUGH THE USE OF OUR LIBRARY AND ARCHIVES. 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. DURING FY18, PHILLIPS COLLECTION EXHIBITIONS TRAVELED TO CALIFORNIA, TEXAS, AND DELAWARE AND TO THE NEW MUSEUM BARBERINI IN POTSDAM AS THAT VENUE'S SECOND EXHIBITION AFTER THE COMPLETED RENOVATION. INDIVIDUAL WORKS WERE LOANED TO VARIOUS EXHIBITIONS AROUND THE WORLD. 2496792 1837158 PUBLIC ACTIVITIES AND OUTREACH INCLUDING SPECIAL EVENTS, MEDIA AND MARKETING ACTIVITIES, VISITOR AMENITIES, AND COMMUNITY RELATIONS. THE MUSEUM'S RENOWNED CONCERT SERIES CONTINUED WITH OUTSTANDING AND WIDELY-HAILED PERFORMANCES BY: ENSEMBLE 4.1, A PIANO AND WOODWIND QUINTET HAILING FROM GERMANY; STEVEN OSBORNE, RETURNING SCOTTISH PIANIST WHO HAS BEEN DESCRIBED AS ONE OF THE FINEST OF HIS GENERATION; ALEXI KENNEY AND RENANA GUTMAN, A VIOLIN AND PIANO DUO WHO DELIGHTED LISTENERS WITH SOLO AND DUET PIECES FROM BACH, SALONEN, SCHUBERT, AND RESPIGHI; DAVID FINCKEL AND WU HAN, CELLIST AND PIANIST HUSBAND AND WIFE WHOSE RECITAL CENTERED AROUND BRUCE ADOLPHE'S WORK COUPLE, WRITTEN IN 1998 FOR THE COUPLE, AND FEATURED CELLO SONATAS BY MENDELSSOHN AND GREIG; LEADING INTERNATIONAL COMPOSER FAZIL SAY, RENOWNED TURKISH PIANIST AND COMPOSER WHO PERFORMED PIECES FROM CHOPIN, BEETHOVEN, MOZART, AND HIS OWN COMPOSITION GEZI PARK 2: SONATA FOR PIANO; AND STEPHEN KOVACEVICH, REVERED PIANIST WHOSE DISTINGUISHED CAREER HAS SPANNED MORE THAN HALF A CENTURY, WHOSE SEASON-CLOSING PERFORMANCE INCLUDED ONE OF BEETHOVEN'S LATE PIANO SONATAS AND A GROUP OF BAGATELLES ALONGSIDE MUSIC FROM J.S. BACH . THE ANNUAL CONCERT SEASON PRESENTS APPROXIMATELY 30 SUCH IMPORTANT ARTISTS EACH YEAR. THE MUSEUM CONTINUES ITS EXTENSIVE LIST OF PARTNERSHIPS THROUGHOUT THE CITY, ADDING TO IT EACH YEAR. EXAMPLES INCLUDE THE CHERRY BLOSSOM FESTIVAL, THE GAY PRIDE FESTIVAL, VARIOUS EMBASSIES, LOCAL BREW MASTERS, ARTISTS, AND FOOD PURVEYORS, THE DUPONT UNDERGROUND, AND BLUE STAR MUSEUMS. THE MUSEUM'S SHOP AND CAFE CONTINUE AS "MUST DO" ACTIVITIES FOR VISITORS AND OUR SOCIAL MEDIA PRESENCE GROWS MONTHLY WITH FY18 YEAR-END FOLLOWERS TOTALING 27,100 FACEBOOK, 27,400 TWITTER, AND 26,900 INSTAGRAM . FY18 ONSITE ATTENDANCE TOTALED OVER 137,000 , WHICH WAS 25,000 BELOW BUDGET. 2496792 1837158 10753567 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 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 68 0 1 252 1 1 1 0 0 0 0 1 1 0 0 0 0 X 33 33 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 AL AR CA CT FL IL KS KY MD MA MI MN MS NH NJ NM NY NC OR PA RI SC UT VA WV WI X X CHERYL A NICHOLS 2023872151 1600 21ST STREET NW WASHINGTON DC 20009 DANI LEVINAS CHAIR 15.00 X X 0 0 0 LINDSAY ELLENBOGEN VICE CHAIR 2.00 X X 0 0 0 SCOTT SPECTOR VICE CHAIR 2.00 X X 0 0 0 GEORGE D SWYGERT JR TREASURER 2.00 X X 0 0 0 CAROL MELTON SECRETARY 2.00 X X 0 0 0 CAROLYN SMALL ALPER TRUSTEE 1.00 X 0 0 0 SUSAN L BUTLER TRUSTEE 1.00 X 0 0 0 CHRISTOPHER CARR TRUSTEE 1.00 X 0 0 0 NANCY CLARVIT TRUSTEE 1.00 X 0 0 0 JOHN DESPRES TRUSTEE 1.00 X 0 0 0 DAVID DRISKELL TRUSTEE 1.00 X 0 0 0 ALAN H FLEISCHMANN TRUSTEE 1.00 X 0 0 0 TODD GALAIDA TRUSTEE 1.00 X 0 0 0 CAROL BROWN GOLDBERG TRUSTEE 1.00 X 0 0 0 BARBARA HALL TRUSTEE 1.00 X 0 0 0 TOM HENTELEFF 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 MICHELINE KLAGSBRUN TRUSTEE 1.00 X 0 0 0 HOWARD KRASS TRUSTEE 1.00 X 0 0 0 DALE LEFEBVRE TRUSTEE 1.00 X 0 0 0 B THOMAS MANSBACH TRUSTEE 1.00 X 0 0 0 AMY MEADOWS TRUSTEE 1.00 X 0 0 0 A FENNER MILTON TRUSTEE 1.00 X 0 0 0 RONALD A PAUL TRUSTEE 1.00 X 0 0 0 TONI HARRIS PAUL TRUSTEE 1.00 X 0 0 0 ERIC RICHTER 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 MICHAEL SHAPIRO 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 341583 0 63948 SUSAN J NICHOLS CHIEF OPERATING OFFICER 45.00 X 176907 0 27886 KLAUS OTTMANN CHIEF CURATOR & DEUPTY DIR. ACADEMIC AFF. 45.00 X 166623 0 11420 685113 0 103254 3 0 1 0 CONSIGLI CONSTRUCTION CO INC 72 SUMMER ST MILFORD MA 01757 GENERAL CONTRACTOR 6027387 MASTERPIECE INTERNATIONAL 39 BROADWAY SUITE 1410 NEW YORK NY 10006 INTERNATIONAL ART TRANSPORT 495822 ARTEX FINE ART SERVICES 8712 JERICHO CITY DRIVE LANDOVER MD 20785 ART STORAGE & TRANSPORT 346756 ARTERIA SRL 30135 VENEZIA SANTA CROCE IT ART EXHIBITION 263467 OCCASIONS CATERING 655 TAYLOR STREET NE WASHINGTON DC 20017 CATERING 195240 10 498109 763759 120168 6408254 459976 7790290 MEMBERSHIP DUES 900099 1060737 1060737 FEES FROM EXHIBITIONS/LOANED ART 900099 846781 846781 VISITOR FEES 900099 674530 674530 FACILITY RENTAL INCOME 900099 225025 225025 EDUCATIONAL PROGRAMS 900099 125096 125096 2932169 799499 46021 753478 13485 13485 15851190 13789586 2061604 2061604 2061604 130905 763759 241108 -110203 -110203 874408 429737 444671 444671 MISCELLANEOUS 900099 876 876 876 13932391 3376840 46021 2719240 808472 499998 110923 197551 5183185 4058836 37623 1086726 247071 193343 13224 40504 630500 432061 82952 115487 472292 354140 43568 74584 55583 34147 12696 8740 5649 5649 224915 224915 758315 500976 116460 140879 267933 257614 9112 1207 549145 488311 -45908 106742 240622 173477 33422 33723 8150 8150 1063994 852700 188708 22586 167178 126613 27562 13003 533379 414916 76334 42129 1147120 1012907 101291 32922 358182 345011 9642 3529 OTHER EXHIBITION EXP. 680144 678568 574 1002 EVENTS 301276 218180 11074 72022 PURCHASES OF ART 81866 81866 MISCELLANEOUS 16888 21753 -5045 180 13801859 10753567 1054776 1993516 5314883 1197839 15179626 9960420 635562 64002 303339 321136 436298 386905 48794326 16300463 27980092 32493863 28199748 32152078 33389082 35654424 111438630 112230667 1931993 1359541 518397 471183 10325866 9559164 4265000 4000000 151052 231821 17192308 15621709 X 16072081 17900849 25777807 24491002 52396434 54217107 94246322 96608958 111438630 112230667 130532 2232104 0 X 0 1 X 1 0 X 7233001 9457827 18663794 8922034 7790290 52066946 7233001 9457827 18663794 8922034 7790290 52066946 11990956 40075990 653470 664792 536418 544680 766963 3166323 -18202 -9806 7663 13874 46021 39550 7022 2438 1511 736 876 12583 55285402 21396126 0.72490 0.73760 X 0 0 0 0 0 0 0 0 1 5649 5649 0 PART II-B, LINE 1: THE PHILLIPS COLLECTION ENGAGES A LOBBYING FIRM TO EDUCATE CONGRESS ON THE IMPORTANCE OF FUNDING FOR THE ARTS IN THE DISTRICT OF COLUMBIA. EACH YEAR, THE FEDERAL BUDGET APPROPRIATES MONEY FOR SUPPORT THROUGH THE NATIONAL CAPITAL ARTS AND CULTURAL AFFAIRS PROGRAM. X X X X 0 54076494 1830264 5510933 3685453 57732238 47198375 2817060 6755526 2694467 54076494 40980081 9209852 -317982 2673576 47198375 37203170 1927050 4219549 2369688 40980081 32323928 2158489 5088700 2310983 56964 37203170 0.93910 0.06090 0 0 833240 833240 45708073 14903340 30804733 14995 999 13996 1758719 1089927 668792 479299 306197 173102 32493863 ALTERNATIVE FUNDS 35654424 F 35654424 GIFT ANNUITY DEBT 95373 CAPITAL LEASE OBLIGATION 136448 231821 X 13789969 -5463 240163 2589094 2823794 10966175 2966216 2966216 13932391 12009567 240163 240163 11769404 224915 1807540 2032455 13801859 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 UNRESTRICTED NET ASSETS IF PURCHASED WITH UNRESTRICTED ASSETS AND AS DECREASES IN TEMPORARILY RESTRICTED OR PERMANENTLY RESTRICTED NET ASSETS 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 TEMPORARILY RESTRICTED NET ASSETS 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 DURING EACH OF THE YEARS ENDED JULY 31, 2018 AND 2017. 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 X, LINE 2: FOR THE YEARS ENDED JULY 31, 2018 AND 2017, 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 2,589,094. INCLUDED IN REVENUE ON THE FINANCIAL STATEMENTS AND EXCLUDED FROM REVENUE ON FORM 990, PART VIII. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTEREST/DIVIDENDS, NON-OPERATING, REPORTED AS AN "OTHER 785,866. ITEM" ON THE FINANCIAL STATEMENTS AND INCLUDED AS REVENUE ON FORM 990, PART VIII. MEMBERSHIP TRAVEL EXPENSES NETTED AGAINST REVENUE ON THE 282. FINANCIAL STATEMENTS AND INCLUDED AS AN EXPENSE ON FORM 990, PART IX. REALIZED GAINS, NON-OPERATING, REPORTED AS AN "OTHER ITEM" 2,061,604. ON THE FINANCIAL STATEMENTS AND INCLUDED AS REVENUE ON FORM 990, PART VIII. GALA EXPENSES NETTED AGAINST REVENUE ON THE FINANCIAL 26,930. STATEMENTS AND INCLUDED AS AN EXPENSE ON FORM 990, PART IX. NON-OPERATING GIFTS, GRANTS AND CORPORATE SUPPORT FOR 91,534. HVAC UPGRADE PROJECT REPORTED AS AN "OTHER ITEM" ON THE FINANCIAL STATEMENTS AND INCLUDED AS REVENUE ON FORM 990, PART VIII. PART XII, LINE 4B - OTHER ADJUSTMENTS: MEMBERSHIP TRAVEL EXPENSES NETTED AGAINST REVENUE ON THE 282. FINANCIAL STATEMENTS AND INCLUDED AS AN EXPENSE ON FORM 990, PART IX. GALA EXPENSES NETTED AGAINST REVENUE ON THE FINANCIAL 26,930. STATEMENTS AND INCLUDED AS AN EXPENSE ON FORM 990, PART IX. BOND EXPENSES, NON-OPERATING REPORTED AS AN "OTHER ITEM" 324,716. ON THE FINANCIAL STATEMENTS AND INCLUDED AS AN EXPENSE ON FORM 990, PART IX. ART ACQUISITION COSTS REPORTED AS AN "OTHER ITEM" ON THE 81,866. FINANCIAL STATEMENTS AND INCLUDED AS AN EXPENSE ON FORM 990, PART IX. DEPRECIATION, NON-OPERATING, REPORTED AS AN "OTHER ITEM" 1,019,008. ON THE FINANCIAL STATEMENTS AND INCLUDED AS AN EXPENSE ON FORM 990, PART IX. CAPITAL CAMPAIGN EXPENSES REPORTED AS AN "OTHER ITEM" ON 286,768. THE FINANCIAL STATEMENTS AND INCLUDED AS AN EXPENSE ON FORM 990, PART IX. UBIT TAX EXPENSE REPORTED AS AN "OTHER ITEM" ON THE 21,896. FINANCIAL STATEMENTS AND INCLUDED AS AN EXPENSE ON FORM 990, PART IX. HOUSE RENOVATION EXPENSES REPORTED AS AN "OTHER ITEM" 46,074. ON THE FINANCIAL STATEMENTS AND INCLUDED AS AN EXPENSE ON FORM 990, PART IX. EUROPE 0 0 PROGRAM SERVICES ART EXHIBITIONS, RIGHTS 107693 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS IN REGION 22690589 EUROPE 0 0 INVESTMENTS IN REGION 69144 0 0 0 0 0 0 22867426 0 22867426 1 0 1 1 1 0 ANNUAL GALA 894664 763759 130905 7500 126000 107608 894664 763759 130905 7500 126000 107608 241108 -110203 X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 DOROTHY KOSINSKI VRADENBURG DIRECTOR AND CEO 341583 0 0 0 0 0 42000 0 21948 0 405531 0 0 0 SUSAN J NICHOLS CHIEF OPERATING OFFICER 176907 0 0 0 0 0 14400 0 13486 0 204793 0 0 0 KLAUS OTTMANN CHIEF CURATOR & DEUPTY DIR. ACADEMIC 166623 0 0 0 0 0 5016 0 6404 0 178043 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 18047070 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 134 X 350 MARKET PRICE X 37 344508 TRADE CONFIRMATIONS X PAINT/DECOR. 3 66582 VENDOR CONFIRMATION X FOOD/BEVERAGES 4 29596 VENDOR CONFIRMATION X FURNITURE 2 12940 VENDOR CONFIRMATION X SUPPLIES 2 6000 VENDOR CONFIRMATION 3 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 VI, SECTION A, LINE 2 TONI PAUL AND RONALD PAUL HAVE A FAMILY RELATIONSHIP. ONE HAS EXPERTISE IN THE EDUCATION FIELD AND THE OTHER IN CAMPAIGN FINANCE AND FUNDRAISING. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCIAL STATEMENTS WERE PREPARED BY MANAGEMENT AND AUDITED BY THE MUSEUM'S ACCOUNTANTS. THE FORM 990 WAS PREPARED BY MANAGEMENT AND REVIEWED BY THE MUSEUM'S ACCOUNTANTS. THE AUDIT COMMITTEE OF THE BOARD WAS CHARGED WITH REVIEWING THE AUDITED FINANCIALS AND THE ANNUAL 990 FILING. THESE DOCUMENTS WERE 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 AND TO SIGN A STATEMENT ACKNOWLEDGING THAT THEY HAVE DONE SO. LETTERS REITERATING THE POLICY FOR BOARD MEMBERS ARE SENT ANNUALLY 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 VICE CHAIRS, 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 VICE CHAIRS 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 (IF ANY) ARE DETERMINED BY THE DIRECTOR 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 SPRING 2018. 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 MOST RECENT AUDITED FINANCIAL STATEMENTS AND 990 ARE POSTED ON THE MUSEUM'S WEBSITE.