2018-11-15T11:30:33-06:00 2018-06-30 221478099 COHNREZNICK LLP 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2017-07-01 060653111 WADSWORTH ATHENEUM MUSEUM OF ART WADS 8602782670 600 MAIN STREET HARTFORD CT 06103 CINDY MARTINEZ CFO 8602782670 2018-11-14 1 PATRICIA MCGOWAN P00184514 9592007000 2018-11-14 209.3.217.20 2018-11-14 14:17:50 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 76369ED6AA69758ED31A87E47CAE96FECFB4229C 2017 2018-06-14 16:35:46Z THOMAS LOUGHMAN 600 MAIN STREET HARTFORD CT 06103 49247333 0 X WWW.WADSWORTHATHENEUM.ORG X 1842 CT FINE ART MUSEUM 29 29 87 283 6066 -16961 3556184 17316499 1340314 1003742 2546695 5701806 374574 575322 7817767 24597369 0 0 0 0 3923346 3981347 0 0 611585 7172132 9443139 11095478 13424486 -3277711 11172883 137378464 149369853 2896700 2566555 134481764 146803298 X HOLDING ITS COLLECTION IN TRUST FOR ALL PEOPLE, THE WADSWORTH ATHENEUM IS DEDICATED TO ADVANCING AND INSPIRING EVERYONE TO EXPERIENCE AND APPRECIATE EXCELLENCE IN ART AND CULTURE. 0 0 8211983 368424 CURATING AND CURATORIAL RESEARCH FY2018THE CURATORIAL DIVISION CARES FOR, RESEARCHES, AND DISPLAYS THE MUSEUM'S COLLECTION OF ART. THESE INCLUDE PAINTINGS, SCULPTURES, DECORATIVE ARTS (FURNITURE, GLASS, CERAMICS, AND METALWORK), WORKS ON PAPER, COSTUMES AND TEXTILES, AND VIDEOS, RANGING IN DATE FROM ANTIQUITY TO CONTEMPORARY AND INCLUDING WORKS FROM MOST CONTINENTS. THE CURATORIAL DIVISION IS ALSO RESPONSIBLE FOR CURATING THE EXHIBITION PROGRAM FOR THE MUSEUM, WHICH IN FY2018 COMPRISED THE FOLLOWING:HAND-PAINTED POP! ART AND APPROPRIATION, 1961 TO NOW, APRIL 29-AUGUST 13, 2017; SIMPLY SPLENDID: REDISCOVERING AMERICAN DESIGN, MAY 13AUGUST 13, 2017; MIKA TAJIMA/MATRIX 177: AFTER LIFE, JUNE 1-SEPTEMBER 3, 2017; MUSEUM MENAGERIE, JULY 22, 2017-APRIL 1, 2018; SUBLIME NORTH: ROMANTIC PAINTERS DISCOVER NORWAY: PAINTINGS FROM THE COLLECTION OF ASBJRN LUNDE, SEPTEMBER 7, 2017-JANUARY 15, 2018; MORGAN: MIND OF THE COLLECTOR, SEPTEMBER 23-DECEMBER 31, 2017; SAM MESSER/MATRIX 178: DENIS THE PIRATE, OCTOBER 5, 2017-FEBRUARY 11, 2018; HERBERT FERBER: SPACE IN TENSION, JANUARY 27-JULY 29, 2018; DAVID SMITH: FIGURES & DWELLING, JANUARY 27-JULY 29, 2018; GOREY'S WORLDS, FEBRUARY 10-MAY 6, 2018; FREDERIC CHURCH: A PAINTER'S PILGRIMAGE, JUNE 2-AUGUST 26, 2018; AND CONRAD SHAWCROSS / MATRIX 179, JUNE 21-OCTOBER 21, 2018. PERMANENT COLLECTION INSTALLATIONS INCLUDED: JOHN TRUMBULL: VISUALIZING AMERICAN INDEPENDENCE, NOVEMBER 5, 2016-JULY 23, 2017; KEITH SONNIER: THREE NEONS / THREE DECADES, JANUARY 28-OCTOBER 8, 2017; SVRES' VASE DE L'ADOUR: A CLOSER LOOK, FEBRUARY 18, 2017-FEBRUARY 25, 2018; MIRROR, MIRROR, DECEMBER 1, 2017-JUNE 3, 2018; FINE PRINTS AND DRAWINGS BY REMBRANDT AND HIS CONTEMPORARIES, MARCH 10-JULY 15, 2018; AND SCULPTURE CIRCA 1950, OPENED APRIL 25, 2018.OUTDOOR SCULPTURE INSTALLATIONS INCLUDED:SEAN SCULLY (AMERICAN, BORN IRELAND, 1945). 30, 2018. ALUMINUM AND AUTOMOTIVE PAINT. COURTESY OF THE ARTISTCONRAD SHAWCROSS (ENGLISH, BORN 1977). MONOLITH (OPTIC), 2016. GALVANIZED STEEL AND STAINLESS STEEL. PRIVATE COLLECTIONCURATORIAL RESEARCH RESULTED IN THE FOLLOWING PUBLICATIONS: THOMAS J. LOUGHMAN, WADSWORTH ATHENEUM MUSEUM OF ART: UNCOMMON LEGACY (WADSWORTH ATHENEUM MUSEUM OF ART, HARTFORD, CT, IN ASSOCIATION WITH SCALA ARTS PUBLISHERS, INC., NEW YORK, NY, 2017). THOMAS J. LOUGHMAN, LEAD AUTHOR; WITH CONTRIBUTIONS BY LYNNE ZACEK BASSETT, EILEEN DOYLE, PATRICIA HICKSON, MARCI KING, ERIN MONROE, LINDA H. ROTH, AND OLIVER TOSTMANN.ERIN MONROE, GOREY'S WORLDS (WADSWORTH ATHENEUM MUSEUM OF ART, HARTFORD, CT, IN ASSOCIATION WITH PRINCETON UNIVERSITY PRESS, PRINCETON AND OXFORD, 2018). ERIN MONROE, LEAD AUTHOR; WITH CONTRIBUTIONS BY ROBERT GRESKOVIC, ARNOLD ARLUKE, AND KEVIN SHORTSLEEVE. THE MUSEUM CURATORS, WORKING WITH THE REGISTRARS, ALSO ENGAGE IN A SIGNIFICANT LOAN PROGRAM, LENDING OBJECTS IN THE COLLECTION TO IMPORTANT AND INNOVATIVE EXHIBITIONS. IN FY2018, FORTY-NINE (49) WORKS OF ART WERE APPROVED FOR LOANS TO FORTY-SIX (46) INSTITUTIONS IN THE UNITED STATES, CANADA, AND EUROPE. FINALLY, CURATORS, THROUGH PURCHASES, GIFTS, AND BEQUESTS ACQUIRED 92 WORKS OF ART FOR THE COLLECTION, INCLUDING: ONE (1) AMERICAN SCULPTURE; THREE (3) PIECES OF AMERICAN CERAMICS; THREE (3) PIECES OF AMERICAN FURNITURE; FOUR (4) CONTEMPORARY PAINTINGS; TWO (2) CONTEMPORARY PRINTS; FIFTY-THREE (53) CONTEMPORARY PHOTOGRAPHS; SEVEN (7) CONTEMPORARY SCULPTURES; TWELVE (12) COSTUMES; FOUR (4) TEXTILES; ONE (1) EUROPEAN DRAWING; ONE (1) EUROPEAN PAINTING; AND ONE (1) EUROPEAN DECORATIVE ARTS OBJECT. 1006543 412311 EDUCATION AND VISITOR SERVICESTHE EDUCATION DEPARTMENT AT THE WADSWORTH ATHENEUM MUSEUM OF ART PROVIDES LEARNING AND ENGAGEMENT OPPORTUNITIES FOR ALL AUDIENCES. PROGRAMS FOR FAMILIES, PREK-12 STUDENTS, TEACHERS OF ALL GRADE LEVELS, YOUTH OUT OF SCHOOL, AND OUR BROADER PUBLIC ACTIVATE OUR COLLECTIONS AND SPECIAL EXHIBITIONS AND ENCOURAGE VISITOR CONNECTIONS WITH ART'S HISTORY AND CONTEMPORARY MEANING. THE DEPARTMENT WORKS CLOSELY WITH CURATORIAL ON INTERPRETIVE PROJECTS, EVALUATION EFFORTS FOR PROGRAMS AND EXHIBITIONS, AND FUNDRAISING. ADULT-CENTERED PROGRAMS TAKE MANY SHAPES, INCLUDING GALLERY TALKS, DRAWING COURSES, DEMONSTRATIONS BY ARTISTS, DANCE AND MUSIC PERFORMANCES, PANEL DISCUSSIONS AND EVENTS THAT INCLUDE SOCIAL INTERACTION AROUND ART. MAJOR ADULT PROGRAMS IN FY18 INCLUDED AN INTERNATIONAL SYMPOSIUM CENTERED ON THE EXTENSIVE COLLECTION OF J. P. MORGAN AND THE SHAPING OF THE MODERN COLLECTOR, OUR CONTINUED CHAMBER CONCERT SERIES WITH THE HARTFORD SYMPHONY WITH MUSIC INSPIRED BY SPECIAL EXHIBITIONS, AND THE ANNUAL EMILY HALL TREMAINE LECTURE IN CONTEMPORARY ART, THIS YEAR BY FORMER MATRIX ARTIST MIERLE LADERMAN UKELES. PROGRAMS IMAGINED THROUGH THE COMMUNITY ENGAGEMENT INITIATIVE, DESIGNED TO DEEPEN THE MUSEUM'S RELATIONSHIP WITH FAMILIES, SCHOOLS, AND OUR COMMUNITY, HAVE BECOME DISTINCT COMPONENTS OF OUR DEPARTMENT'S WORK. MUSEUM ON THE MOVE, COMMUNITY DAYS, AND SECOND SATURDAYS FOR FAMILIES CONTINUE TO RESONATE WITH THE EVOLVING DEMOGRAPHICS OF HARTFORD AND OUR VICINITY AND ATTRACT NEW FUNDERS. IN FY18, ALMOST 8,000 VISITORS PARTICIPATED IN YOUTH AND COMMUNITY PROGRAMS, AND NEARLY 13,000 IN SCHOOL AND TEACHER PROGRAMS. STUDIO PROGRAMS WERE ESPECIALLY POPULAR WITH OVER 2,600 STUDENTS IN GRADES PREK-12 FINDING CONNECTIONS BETWEEN A GALLERY TOUR AND STUDIO PROJECT. MUCH OF OUR DEPARTMENT'S WORK DEPENDS ON A HIGHLY ACTIVE AND EDUCATED DOCENT COUNCIL, WHICH CELEBRATES ITS 50TH ANNIVERSARY YEAR IN 2018. NINETY-ONE DOCENTS TOURED OVER 20,000 VISITORS THIS PAST YEAR. NEW PROJECTS IN FY18 INCLUDE AN ART & WRITING PILOT FOR GRADES 6-8 WITH AN ADDITION OF THREE THEMES DRAWN FROM THE HARTFORD PUBLIC SCHOOL CURRICULUM: CITY LIFE, HISTORICAL PERSPECTIVES, AND MYTHOLOGY. FUNDING FROM FRAME (FRENCH REGIONAL AMERICAN MUSEUM EXCHANGE) IS SUPPORTING THE DEVELOPMENT OF AN ART AND EMPATHY CURRICULUM FOR YOUTH-SERVING ORGANIZATIONS. AND A GRANT FROM THE ANONYMOUS FOUNDATION IGNITED EFFORTS TOWARDS CULTIVATING LATINX AUDIENCES. IN THE MEANTIME, THE DEPARTMENT HAS PRODUCED A SERIES OF TEN BILINGUAL ENGLISH/SPANISH FAMILY GUIDES AND ADDED SPANISH TRANSLATIONS TO OUR TAP MOBILE TOURS. DEVELOPMENTS IN THE DIGITAL REALM ARE IMMINENT AS WE BUILD CONTENT IN PARTNERSHIP WITH SMARTHISTORY'S SEEING AMERICA PROJECT FUNDED BY THE WALTON FAMILY FOUNDATION, THE NEH, MELLON FOUNDATION, AND THE TERRA FOUNDATION FOR AMERICAN ART. OBJECTS FROM BOTH THE WADSWORTH ATHENEUM AND THE AMISTAD CENTER FOR ART & CULTURE WERE SELECTED FOR INCLUSION ON AN INTERNET PLATFORM DESIGNED TO TEACH AMERICAN HISTORY THROUGH MATERIAL CULTURE. THE MUSEUM'S RELATIONSHIP WITH THE ACADEMIC COMMUNITY CONTINUES TO DEVELOP AS PARTNERSHIPS GROW. A CONFERENCE CONVENED BY THE HARTFORD CONSORTIUM FOR HIGHER EDUCATION IN THE FALL OF 2017 EXPLORED WAYS TO INVIGORATE HARTFORD AS A COLLEGE TOWN. THE MUSEUM HOPES TO PLAY A CENTRAL ROLE IN THE ENDEAVOR ALONG WITH MANY ORGANIZATIONAL COLLABORATORS AS WE BECOME MORE EFFECTIVE PARTNERS FOR COLLEGES AND UNIVERSITIES. THE NEW ENCOUNTERS SERIES IN PARTNERSHIP WITH THE HARTFORD PUBLIC LIBRARY AND THE UCONN HUMANITIES INSTITUTE DREW CLOSE TO 200 FACULTY, STUDENTS AND PUBLIC FOR CONVERSATIONS AROUND TOPICAL ISSUES. THE MUSEUM'S INTERNSHIP PROGRAM PROVIDED OPPORTUNITIES FOR 11 STUDENTS TO CONTRIBUTE TO SEVEN MUSEUM DEPARTMENTS THROUGH PROJECT-BASED PLACEMENTS WITH PROFESSIONAL MENTORS. VISITOR SERVICES CONTINUES TO WARMLY WELCOME AND ORIENT ALL VISITORS TO THE MUSEUM. THE TEAM ALSO TAKES THE LEAD ON SURVEYING AUDIENCES, MANAGING THE MUSEUM'S ROBUST VOLUNTEER PROGRAM THAT PLACES VOLUNTEERS THROUGHOUT THE MUSEUM FOR DEPARTMENT AND PROGRAM SUPPORT, AND REGISTERING HARTFORD RESIDENTS FOR WADSWORTH WELCOME. SINCE THE INCEPTION OF WADSWORTH WELCOME AND THE MUSEUM'S OFFER OF FREE ADMISSION TO ALL WHO LIVE WITHIN THE CITY OF HARTFORD, THE MUSEUM HAS REGISTERED ABOUT 3,385 PEOPLE WHO SPEAK 44 LANGUAGES IN THEIR HOMES. 1861913 653179 OTHER PROGRAM EXPENSES: OTHER PROGRAM EXPENSES INCLUDE MARKETING, PUBLIC RELATIONS, MEMBERSHIP, MUSEUM SHOP, THEATER, CAFE AND OTHER MISCELLANEOUS. 11080439 1 1 0 0 0 0 1 1 0 1 1 1 0 0 0 1 1 0 0 0 0 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 1 105 0 1 87 1 1 1 0 0 0 0 1 1 0 0 0 0 X 29 29 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CT NY X CINDY MARTINEZ 8608384065 600 MAIN STREET HARTFORD CT 06103 BARBARA G WARD TRUSTEE 1.00 X 0 0 0 BRION JOHNSON TRUSTEE 1.00 X 0 0 0 CAROL COVELLO TRUSTEE 1.00 X 0 0 0 CHERYL A CHASE VICE PRESIDENT 1.00 X X 0 0 0 DAVID JEPSON TRUSTEE 1.00 X 0 0 0 DAVID W DANGREMOND PAST PRESIDENT 1.00 X X 0 0 0 DUFFIELD ASHMEAD VICE PRESIDENT 1.00 X X 0 0 0 EILEEN S POLLACK TRUSTEE 1.00 X 0 0 0 EMILIE DE BRIGARD ASST SECRETARY 1.00 X X 0 0 0 ESTHER PRYOR SECRETARY 1.00 X X 0 0 0 FILOMENIA SOYSTER TRUSTEE 1.00 X 0 0 0 FRANCINE CHRISTIANSEN OUTGOING TRUSTEE 1.00 X 0 0 0 FREDERICK COPELAND TREASURER 1.00 X X 0 0 0 HALSEY COOK TRUSTEE 1.00 X 0 0 0 HENRY R MARTIN PRESIDENT 1.00 X X 0 0 0 HENRY ZACHS TRUSTEE 1.00 X 0 0 0 HY J SCHWARTZ VICE PRESIDENT 1.00 X X 0 0 0 JEAN-PIERRE VAN ROOY TRUSTEE 1.00 X 0 0 0 JEFFREY BROWN TRUSTEE 1.00 X 0 0 0 JEFFREY MARSTED TRUSTEE 1.00 X 0 0 0 JOHN M REYNOLDS OUTGOING TRUSTEE 1.00 X 0 0 0 KAREN CRONIN WHEAT OUTGOING TRUSTEE 1.00 X 0 0 0 LAURA R HARRIS OUTGOING TRUSTEE 1.00 X 0 0 0 MALLY COX CHAPMAN TRUSTEE 1.00 X 0 0 0 MARTA BENTHAM TRUSTEE 1.00 X 0 0 0 MARY PESCATELLO MELVIN TRUSTEE 1.00 X 0 0 0 MATTHEW SCHAEFER OUTGOING TRUSTEE 1.00 X 0 0 0 MEDINA JETT OUTGOING TRUSTEE 1.00 X 0 0 0 MERRILL F MANDELL TRUSTEE 1.00 X 0 0 0 MICHAEL KLEIN TRUSTEE 1.00 X 0 0 0 SAMUEL R PETERSON TRUSTEE 1.00 X 0 0 0 SUSAN A ROTTNER OUTGOING TRUSTEE 1.00 X 0 0 0 SUSAN CHANDLER TRUSTEE 1.00 X 0 0 0 TIMOTHY MCLAUGLIN TRUSTEE 1.00 X 0 0 0 WILLIAM R PEELLE JR VICE PRESIDENT 1.00 X X 0 0 0 YVETTE MELENDEZ TRUSTEE 1.00 X 0 0 0 CYNTHIA MARTINEZ CHIEF FINANCIAL OFFICER 35.00 X 110884 0 48215 THOMAS LOUGHMAN DIRECTOR AND CEO 35.00 X 266005 0 30518 GRANT SMITH DIRECTOR OF DEVELOPMENT 35.00 X 144241 0 15521 521130 0 94254 3 0 1 0 SECURITAS SECURITY SERVICES USA INC PO BOX 403412 ATLANTA GA 30384 SECURITY 1009526 REPUBLIC MILL RESTAURANT GROUP 22 SCHWIER RD SOUTH WINDSOR CT 06074 CATERING 238520 CT MICRONET LLC 6 EXECUTIVE DRIVESUITE 120 FARMINGTON CT 06032 COMPUTER SERVICES 140875 CREST MECHANICAL SERVICES INC 1841 BROAD STREET HARTFORD CT 061340683 HVAC/ELECTRICAL SERVICES 125960 4 517951 69525 57100 16671923 6816111 17316499 AUXILIARY AND OTHER ACTIVITIES 453220 486201 480135 6066 ADMISSION REVENUE 900099 325734 325734 EXHIBITION FEES 900099 191807 191807 1003742 1529257 1529257 28415925 11343 24254719 0 4161206 11343 4172549 4172549 383176 69525 244092 139084 139084 292391 151153 141238 141238 MISCELLANEOUS REVENUE 900099 295000 295000 295000 24597369 1433914 6066 5840890 460684 304217 107673 48794 2856840 1870245 670330 316265 108064 76588 24418 7058 289261 208925 74708 5628 266498 184957 50869 30672 25467 700 24767 60825 60825 614191 614191 834755 608020 171273 55462 146944 145954 890 100 344390 300380 25530 18480 219694 209818 8784 1092 1031152 857989 169586 3577 199086 116133 73625 9328 127199 122280 2581 2338 41937 41937 1932956 1846068 77283 9605 PURCHASE OF ART 1920832 1920832 SECURITY 1004008 948400 36167 19441 EVENT EXPENSES 404955 281206 67512 56237 SERVICE EXPENSES 291963 248415 40238 3310 242785 215121 3466 24198 13424486 11080439 1732462 611585 107109 3353852 1604913 437411 912204 1915268 31409 118570 246057 190178 48373749 20852103 29177483 27521646 51392645 51974945 49785477 59559654 4121167 4298329 137378464 149369853 313468 489571 173037 51366 2410195 2025618 2896700 2566555 X 42530940 40883688 54947778 68686058 37003046 37233552 134481764 146803298 137378464 149369853 X 11172883 548536 600115 X X 0 1 X 1 0 X 13297896 16399574 4275730 3556184 17316499 54845883 13297896 16399574 4275730 3556184 17316499 54845883 18567530 36278353 1858175 2084793 1931267 1319410 1529259 8722904 10403 11898 6066 28367 277086 493818 97350 391457 678176 1937887 65535041 7101861 0.55360 0.66330 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SPECIAL EVENTS - 2013 AMOUNT: $ 277,086. 2014 AMOUNT: $ 478,612. 2015 AMOUNT: $ 36,331. 2016 AMOUNT: $ 391,457. 2017 AMOUNT: $ 383,176. MISCELLANEOUS REVENUE - 2014 AMOUNT: $ 15,206. 2015 AMOUNT: $ 61,019. 2017 AMOUNT: $ 295,000. X 1 0 X X X X X EDUCATION 1 83112673 5627268 5304133 5476050 88568024 91763433 709133 11757117 5166983 15950027 83112673 97792771 748797 -1730761 5047374 91763433 100786375 555671 1448959 4998234 97792771 86103039 10061247 12686619 7634526 430004 100786375 0.15900 0.40000 0.44100 1 0 44385850 18254242 26131608 3987899 2597861 1390038 27521646 DEBT SECURITIES 29067433 F INVESTMENTS HELD IN TRUST BY OTHERS 13461560 F SHORT TERM INVESTMENTS 17030661 F 59559654 X 25549623 548536 22549 600115 1171200 24378423 614191 -395245 218946 24597369 13228089 22549 395245 417794 12810295 614191 614191 13424486 PART II, LINE 9: THE WADSWORTH ATHENEUM MUSEUM OF ART REFLECTS EXPENDITURES RELATING TO ITS EASEMENTS IN ITS OPERATING REVENUE AND EXPENDITURES. PART III, LINE 1A: IN ACCORDANCE WITH ACCOUNTING POLICIES GENERALLY FOLLOWED BY MUSEUMS, COLLECTIONS OF WORKS OF ART ACQUIRED THROUGH PURCHASE OR DONATION SINCE THE MUSEUM'S INCEPTION ARE NOT REFLECTED IN THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION. EACH OF THE ITEMS IS CATALOGED, PRESERVED AND CARED FOR. THE MUSEUM'S POLICY REQUIRES THAT PROCEEDS FROM THE SALE OF COLLECTION ITEMS OR INSURANCE PROCEEDS BE USED SOLELY FOR ACQUISITION OF OTHER ART OBJECTS. IF ASSETS USED TO PURCHASE COLLECTION ITEMS ARE SOURCED FROM RESTRICTED FUNDS, PROCEEDS FROM THE SALE OF THOSE ITEMS ARE SHOWN AS INCREASES IN NET ASSETS WITH DONOR RESTRICTIONS UNTIL AN ACQUISITION IS MADE. PART III, LINE 4: THE MUSEUM'S MISSION IS TO HOLD ITS COLLECTION IN TRUST FOR ALL PEOPLE AND IS DEDICATED TO ADVANCING AND INSPIRING EVERYONE TO EXPERIENCE AND APPRECIATE EXCELLENCE IN ART AND CULTURE. THE MUSEUM VALUES ARTISTIC EXCELLENCE, INNOVATION AND LEADERSHIP ON A LOCAL AND GLOBAL LEVEL. AS PART OF ITS ROLE AS CONNECTICUT'S FLAGSHIP VISUAL ARTS INSTITUTION, THE MUSEUM IS A CULTURAL MEETING PLACE FOR THE SHARING OF IDEAS AND EXPERIENCES. FOUNDED IN 1842, THE MUSEUM IS HOME TO A COLLECTION OF NEARLY 50,000 WORKS OF ART SPANNING 5,000 YEARS, FROM ANTIQUITIES TO CONTEMPORARY ART. ANNUALLY, THE MUSEUM HOSTS SEVERAL MAJOR EXHIBITIONS AND MULTIPLE SMALLER SPECIAL EXHIBITIONS. THE MUSEUM OFFERS TOURS, CONCERTS, FILMS, GALLERY TALKS, LECTURES, SYMPOSIUMS, SCHOOL AND FAMILY PROGRAMS, WORKSHOPS AND ART HISTORY COURSES. PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE USED FOR MUSEUM OPERATIONS, EXHIBITIONS, AND PROGRAMMING AS WELL AS THE ACQUISITION OF WORKS OF ART. PART V, LINE 1F - ADMINISTRATIVE EXPENSES: ADMINISTRATIVE EXPENSES FOR PRIOR YEAR REFLECTS AN ADJUSTMENT FOR THE ADOPTION OF PRONOUNCEMENT ASU 2016-14. PART X, LINE 2: THE MUSEUM HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2018. THE MUSEUM'S U.S. FEDERAL AND STATE INFORMATION RETURNS PRIOR TO FISCAL YEAR 2015 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF THE MUSEUM WERE TO INCUR UNRELATED BUSINESS INCOME TAXES, IT WOULD RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH ANY TAX MATTERS AS PART OF THE INCOME TAX PROVISION AND INCLUDE ACCRUED INTEREST AND PENALTIES WITH THE RELATED TAX LIABILITY IN THE STATEMENT OF FINANCIAL POSITION. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE VALUE OF INVESTMENTS HELD IN TRUST BY OTHERS 600,115. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING -244,092. COST OF GOOD SOLD -151,153. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 244,092. COST OF GOODS SOLD 151,153. SPLENDOR 442246 65400 376846 75078 165215 LEONARDO 10455 4125 6330 2821 978 452701 69525 383176 77899 166193 244092 139084 1 X X X X 0 0 0 0 0 0 0 0 0 CYNTHIA MARTINEZ CHIEF FINANCIAL OFFICER 110677 0 0 0 207 0 6296 0 42434 0 159614 0 0 0 THOMAS LOUGHMAN DIRECTOR AND CEO 265885 0 0 0 120 0 13620 0 17466 0 297091 0 0 0 GRANT SMITH DIRECTOR OF DEVELOPMENT 143979 0 0 0 262 0 0 0 16078 0 160319 0 0 0 A CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 060806186 2013-01-15 3661206 ACQUIRED AND INSTALLED HEAT/COOLING PLANT AND HVAC MECHANICAL UNITS 0 0 0 A 1635588 3661206 42942 3618264 2014 0 0 0 1 A 0 0 0 0 0 0 0 A 0 1 0 1 0 0 0 0 0 A 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 12/10/2014 X 15 205228 X INVESTMENT HELD IN TRUST 1 6596000 X ART SUPPLIES 1 12195 X OTHER 6 2688 0 0 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN B REPRESENTS NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 7A THE MUSEUM HAS A BOARD OF ELECTORS WHO ELECTS THEIR SUCCESSORS AND THE TRUSTEES AT THE ANNUAL MEETING OF ELECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE OF THE WADSWORTH ATHENEUM REVIEWS THE COMPLETED FORM(S) 990 PRIOR TO FILING. THE FORM(S) 990 ARE ALSO ELECTRONICALLY DISTRIBUTED TO THE BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY EACH EMPLOYEE IS REQUIRED TO COMPLETE AND SUBMIT A WRITTEN CONFLICT OF INTEREST FORM WHICH DISCLOSES ALL INTERESTS. THE DIRECTOR OF HUMAN RESOURCES RECEIVES AND REVIEWS ALL SUBMISSIONS AND DETERMINES IF ANY DISCLOSURES POSE A CONFLICT. CONFLICTS ARE BROUGHT TO MANAGEMENT'S ATTENTION AND, IF NECESSARY, THE AUDIT COMMITTEE WOULD BE NOTIFIED. ALL BOARD OF TRUSTEES MEMBERS ARE REQUIRED TO COMPLETE AND SUBMIT A WRITTEN CONFLICT OF INTEREST STATEMENT TO THE OFFICE OF THE CEO/DIRECTOR. IF THE OFFICE OF THE CEO/DIRECTOR DETERMINES THAT ANY DISCLOSURES MAY POSE A CONFLICT, THE PRESIDENT OF THE BOARD IS THEN NOTIFIED. FORM 990, PART VI, SECTION B, LINE 15 CEO/DIRECTOR THE COMPENSATION COMMITTEE OF THE BOARD, CONSISTING OF FIVE MEMBERS OF THE BOARD OF TRUSTEES, ANNUALLY SETS GOALS IN CONJUNCTION WITH THE CEO/DIRECTOR, EVALUATES PERFORMANCE AGAINST THESE GOALS, AND THEN DETERMINES THE SALARY AND BENEFIT PACKAGE FOR THE CEO/DIRECTOR. THE CEO/DIRECTOR'S QUALIFICATIONS AND EXPERIENCE ARE TAKEN INTO CONSIDERATION IN DETERMINING THE COMPENSATION PACKAGE IN ADDITION TO HIS PERFORMANCE. ANNUALLY, THE COMPENSATION COMMITTEE PROVIDES THE CEO/DIRECTOR WITH THIS PERFORMANCE EVALUATION. THE COMPENSATION COMMITTEE ALSO CONSIDERS MUSEUM INDUSTRY COMPENSATION DATA FROM THE ASSOCIATION OF ART MUSEUM DIRECTORS (AAMD) SALARY SURVEY, INCLUDING DATA FROM MUSEUMS OF SIMILAR SIZE AND IN THE SAME REGION OF THE COUNTRY. OFFICERS OR KEY EMPLOYEES THE CEO/DIRECTOR OF THE MUSEUM DETERMINES THE COMPENSATION FOR KEY EMPLOYEES. THE CEO/DIRECTOR WORKS WITH THE DIRECTOR OF HUMAN RESOURCES AND USES THE ASSOCIATION OF ART MUSEUM DIRECTORS (AAMD) SALARY SURVEY, SURVEYS OF LOCAL, SIMILARLY-SIZED NOT FOR PROFIT ORGANIZATIONS AND THE MUSEUM'S BUDGET AS GUIDELINES TO DETERMINE THE COMPENSATION AMOUNT. FORM 990, PART VI, SECTION C, LINE 19 A CONDENSED FORM OF THE AUDITED FINANCIAL STATEMENTS ARE INCLUDED IN THE MUSEUM'S ANNUAL REPORT WHICH IS DISTRIBUTED AT THE MUSEUM'S ANNUAL MEETING, POSTED ON THE WADSWORTH ATHENEUM WEBSITE AND AVAILABLE TO THE PUBLIC. THE MUSEUM'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE BY REQUEST. CONFLICT OF INTEREST POLICIES ARE AVAILABLE TO THE PUBLIC UPON REQUEST. GOVERNING DOCUMENTS OR BY-LAWS ARE DISCLOSED BY REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INVESTMENTS HELD IN TRUST BY OTHERS 600,115. FORM 990 PART XII LINE 2C THERE HAVE BEEN NO CHANGE MADE TO THE ORGANIZATION'S OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR.