2019-08-14T13:37:38-05:00 2018-09-30 390758449 WIPFLI LLP 30 LONG CREEK DRIVE SOUTH PORTLAND ME 041062437 990 2017-10-01 010368070 THE WILLIAM A FARNSWORTH LIBRARY AND ART MUSEUM INC WILL 2075966457 356 MAIN STREET ROCKLAND ME 04841 CHRISTOPHER BROWNAWELL EXECUTIVE DIRECTOR 2075966457 2019-07-29 1 PATRICK NICHOLAS CPA P00289567 2077745701 2019-07-29 66.186.191.122 2019-07-29 11:31:19 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 FD6C1206E196BD54BBAE2FDD6FC0EAE1B10B1101 2017 2019-02-21 02:37:17Z CHRISTOPHER BROWNAWELL 356 MAIN STREET ROCKLAND ME 04841 10243509 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 81 80 -3017 -3017 1965817 6389743 633888 617475 591298 649401 240555 151675 3431558 7808294 0 0 0 0 2249704 2106342 0 215493 659894 1919629 1868488 4169333 4190323 -737775 3617971 27494066 31809458 1919244 1627884 25574822 30181574 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 2086466 580457 SEE ATTACHED - CURATORIAL AND LIBRARY 564346 37018 SEE ATTACHED - EDUCATIONAL PROGRAMMING 272137 MUSEUM STORE 2922949 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 42 0 1 81 1 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 CHARLES ALTSCHUL PRESIDENT 1.00 X X 0 0 0 ED WALLER VICE PRESIDENT 1.00 X X 0 0 0 RON STERN SECRETARY 1.00 X X 0 0 0 VICTORIA CLARK DIBNER TRUSTEE 1.00 X 0 0 0 DICK COSTELLO TRUSTEE 1.00 X 0 0 0 SYLVIA DELEON TRUSTEE 1.00 X 0 0 0 VICTORIA GOLDSTEIN 2ND VICE PRESIDENT 1.00 X X 0 0 0 CONNIE HAYES TRUSTEE 1.00 X 0 0 0 GERALD A ISOM TREASURER 1.00 X X 0 0 0 JEAN KISLAK TRUSTEE 1.00 X 0 0 0 LAWRENCE J LASSER TRUSTEE 1.00 X 0 0 0 ANN M ROTHSCHILD TRUSTEE 1.00 X 0 0 0 SUSAN SCHREIBER TRUSTEE 1.00 X 0 0 0 KENNETH SHURE TRUSTEE 1.00 X 0 0 0 JAMES P SMITH JR TRUSTEE 1.00 X 0 0 0 SUSAN ALLEN THOMAS TRUSTEE 1.00 X 0 0 0 LOUISE TURAN TRUSTEE 1.00 X 0 0 0 LAURA WACK TRUSTEE 1.00 X 0 0 0 STEPHANIE L BROWN TRUSTEE 1.00 X 0 0 0 CHRIS BROWNAWELL EXECUTIVE DIRECTOR 39.00 1.00 X 236633 0 11400 MICHAEL KOMANECKY CURATOR 40.00 X 115519 0 4600 352152 0 16000 2 0 1 0 0 209974 353579 31000 5795190 844867 6389743 ADMISSIONS 712110 580457 580457 FEES FOR ART CLASSES 611610 37018 37018 617475 584112 -3017 587129 3250 0 3250 3250 3250 2063984 1998695 65289 65289 65289 36250 353579 196457 -160207 -160207 517644 240063 277581 277581 OTHER REVENUE 900099 20645 20645 EXHIBITION/PHOTO FEES 900099 10406 10406 31051 7808294 648526 -3017 773042 236633 59158 118317 59158 1611648 1236111 173996 201541 127737 92170 21833 13734 130324 94036 22276 14012 215493 215493 26960 26960 89662 35671 24226 29765 68075 44698 22509 868 270457 235298 29750 5409 15237 15205 27 5 4281 4281 44088 34428 6838 2822 144418 106921 31688 5809 LEASE AND RENTAL 517638 416160 90219 11259 EXHIBITS 182474 182474 SUPPLIES AND MATERIALS 89755 59581 19237 10937 MAINTENANCE 75303 74768 -1184 1719 340140 236270 16507 87363 4190323 2922949 607480 659894 25748 380265 153948 105761 173710 2848918 10762 11845 7428935 7428935 174826 213164 132070 59730 525624 168655 158421 356969 11733594 12808737 7108196 7242014 393856 353120 27494066 31809458 1130615 1259722 10462 8137 778167 360025 1919244 1627884 X 6763878 7245352 1633006 5053057 17177938 17883165 25574822 30181574 27494066 31809458 X 3617971 806485 182296 X 0 1 X 1 0 X 1111398 4863471 1961782 1965817 6394993 16297461 1111398 4863471 1961782 1965817 6394993 16297461 5032147 11265314 272689 499173 532082 540284 509823 2354051 52513 194403 118089 74954 136340 576299 19227811 3914209 0.58590 0.56770 X X X X X 0 18810973 519870 1206260 509108 20027995 17903355 11397 1536640 640419 18810973 17652081 650 849280 598656 17903355 15925677 3100000 -873076 500520 17652081 15861618 100150 490849 526940 15925677 0.06000 0.83000 0.11000 1 0 208859 16510 192349 203569 88782 114787 113196 63363 49833 356969 LIMITED PARTNERSHIPS 219797 F PERPETUAL TRUST HELD BY OTHERS 7022217 F 7242014 9206635 806485 618816 1425301 7781334 26960 26960 7808294 4599883 436520 436520 4163363 26960 26960 4190323 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 240,063. SPECIAL EVENTS EXPENSES 196,457. CHANGE IN BENEFICIAL INTEREST 182,296. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 240,063. SPECIAL EVENTS EXPENSES 196,457. X X X X X X X 1 OPUS ADVISORS LLC 454 COURT ST 104 PORTSMOUTH NH 03801 FUNDRAISING CONSULTANT 0 0 215493 0 215493 GALA 389548 353298 36250 44753 41540 37647 33623 389548 353298 36250 44753 41540 37647 33623 157563 -121313 X 1 1 X X X 0 0 0 0 0 0 0 0 0 CHRIS BROWNAWELL EXECUTIVE DIRECTOR 236633 0 0 0 0 0 0 0 11400 0 248033 0 0 0 X 25 844867 QUOTED VALUES 0 0 0 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 XI, LINE 9: CHANGE IN BENEFICIAL INTEREST 182,296. 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 0 FARNSWORTH REAL ESTATE INC K 196000 COST FARNSWORTH REAL ESTATE INC C 31000 COST