2018-05-03T11:47:12-05:00 2017-06-30 510232475 COVER & ROSSITER PA 62 ROCKFORD ROAD WILMINGTON DE 19806 990 2016-07-01 510066038 The Henry Francis du Pont Winterthur Museum Inc HENR 3028884600 5105 Kennett Pike Winterthur DE 19735 Robert Necarsulmer CFO 3028884600 2018-05-02 1 Peter Kennedy P00571422 3026566632 2018-05-02 65.222.158.10 2018-05-02 14:02:07 ED P 6AEFF0CEA6E0C2EC42025806E3180ADE166D878E 8D191E08DB101E1EC41A31CDFFC2B919F26BEB5C 2016 2021-01-29 14:40:06Z Robert Necarsulmer 5105 Kennett Pike Winterthur DE 19735 99751447 0 X www.Winterthur.org X 1930 DE Winterthur's mission is to preserve and enhance the legacy of its founder, Henry Francis du Pont, for the benefit and enjoyment of the public, including: the care, development, and study of its preeminent collection of decorative and fine arts made or used in America; the enhancement and interpretation of one of America's finest naturalistic gardens; the operation of graduate programs in American material culture and art conservation at the highest academic level; the operation and development of a library to support these important cultural goals; and the preservation of the historically important buildings and grounds. 34 33 387 300 14571 84171 6886934 4872670 2318660 2248996 15725261 34902815 962382 785299 25893237 42809780 762092 746396 0 0 21670137 11403274 0 0 618132 11681051 12060946 34113280 24210616 -8220043 18599164 370234543 386573414 31108034 27047379 339126509 359526035 X Winterthur's mission is to preserve and enhance the legacy of its founder, Henry Francis du Pont, for the benefit and enjoyment of the public, including: the care, development, and study of its preeminent collection of decorative and fine arts made or used in America; the enhancement and interpretation of one of America's finest naturalistic gardens; the operation of graduate programs in American material culture and art conservation at the highest academic level; the operation and development of a library to support these important cultural goals; and the preservation of the historically important buildings and grounds. 0 0 8142248 1891396 Public Visitation, Membership, and Public Relations:Winterthur hosted 127,570 visitors for tours, educational programs, and special and community events during FY2017. Member households during the year totaled approximately 10,000. 5,783 schoolchildren and college students participated in offerings through the Public Programs Department and in addition we provided programs for regional libraries and also teacher training workshops. Garden programs attracted 5,220 participants at 87 programs and events. Winterthur gave approximately 45,000 guided garden tours. Winterthur welcomed new and returning visitors through the presentation of four academic conferences, an intensive two-week study program, lecture series on decorative arts, life in the American and English country house, costume history, garden topics, Winterthur history, and lectures associated with the Treasures on Trial exhibition. There were also a variety of collection study workshops including furniture and ceramics. There were 81 adult programs with an attendance of 8,315. There were also weekly family programs. This year musical performances had over 1980 people attending. Members of the community learned about Winterthur through staff lectures at other institutions and special programs. Winterthur's strong exhibition program continued featuring both scholarly and general audience topics. Special exhibitions focused on the art and science of detecting fakes and forgeries, needlework and embroidery, the decoration of children's rooms, and recent acquisitions reflecting increased diversity of collecting. Accompanying the exhibitions were an extensive lecture series, special presentations by the curators, and events featuring music and food. The institution continued to publicize all offerings locally and nationally, with an increased emphasis on electronic media and the use of social media. 7074794 746396 357600 Curatorial, Conservation, Education, Library Programs: Including Collection and Library Materials:The staff in the Collections Department continues to upgrade and improve our catalogue records and add photography to the online database; to date we have re-catalogued a total of 61,654 objects and added 164,388 digital images to the database. The Museum collection, which is used for exhibition, research, and teaching purposes, continues to grow with a total of 114 gifts and 21 purchases. Collections staff continue to research and publish information about the collection. During FY2017 these publications included an article in Antiques and Fine Art and contributions by Ann Wagner, Winterthur's Curator of Decorative Arts, to "American Silver in the Art Institute of Chicago", a book published by The Art Institute of Chicago. In addition, Collections staff lectured around the country and created several exhibitions, including Lasting Impressions: The Artists of Currier & Ives, curated by Stephanie Delamaire; Treasures on Trial: The Art and Science of Detecting Fakes, curated by Linda Eaton and guest curator Colette Loll; Flowery Thoughts: Ceramic Vases and Floral Ornament, curated by Leslie Grigsby; and Artificial Lighting, curated by Ann Wagner. Collections staff also welcomed visitors to Winterthur for the following conferences in FY2017: Embroidery: The Language of Art; Furniture Up Close: Masterworks at Winterthur Study Days; and Ceramics Up Close: Hands on Study Days. The Boston Furniture Archive continues to generate new object records and develop and share innovative documentation processes. The fourth summer of field documentation in the Boston area was completed by four interns who catalogued and photographed furniture at the Hooper-Lee-Nichols House of the Cambridge Historical Society, the Gibson House Museum, and the Stetson House of the Hanover Historical Society. They also piloted a new approach to documenting the type of wood present in furniture that focuses on wood anatomy and cellular structures rather than immediate visual identification.Digitization of the Decorative Arts Photographic Collection records of Boston furniture is under way, as well as updates to the archive's website structure and content. Plans are in progress to move to a mobile-friendly database platform and publish in-depth information on furniture makers as a supplemental resource on the website.This past year 16 graduate students were enrolled in the Winterthur Program in American Material Culture (administered with the University of Delaware), and 30 graduate students studied in the Winterthur/University of Delaware Program in Art Conservation. To date there have been 951 graduates of these two programs. Graduates of these Master Degree programs serve in museums, historic houses, and conservation facilities in North America, Europe, and elsewhere. Additionally, Winterthur hosted 31 visiting scholars who availed themselves of the library collections to research various material culture and design topics.Charged with collection care, exhibit preparation, instruction of students in the WUDPAC program and research, outreach and professional engagement, the Conservation Department has been active in all areas. Exhibit preparation included mounts and installation for several library case exhibits, conservation of objects for Treasures on Trial, and Collecting for the Future as well as preparation of collections for Gallery rotations and Yuletide.Outreach and professional engagement included hosting Stressed About Pests, an IPM (Integrated Pest Management) workshop for students and area professionals. This event was held in March and was attended by students from both Winterthur graduate programs, UD undergraduate art conservation majors, and UD History PhD candidates as well as practicing professionals from a wide variety of local institutions. It was cosponsored by Winterthur, the University of Delaware and Tru Vue, Inc. The IPM Working Group held its 14th meeting at Winterthur in March, in Winterthur's Brown Horticulture Center. The meeting brought together around 30 IPM specialists from institutions in the US and internationally. Outreach continued with conservation participation in Terrific Tuesdays, teacher workshops the Crafternoon members program, programing for high school students, seven public conservation clinics and both public and special interest conservation tours. Over 1,000 people toured the conservation labs. Winterthur hosted a Mellon Foundation funded course on historic book structures for conservators and a two-week Introduction to Practical Conservation program for four undergraduate students from Historically Black Colleges and Universities to help promote diversification in the field of conservation. As the first steps to work through a process to define a sustainable, long-term solution for all collection storage at Winterthur, Dr. Joelle Wickens as head of the Preventive Conservation Team with Beth Parker Miller, head of Registration, are meeting with all of the various departments throughout Winterthur to obtain different perspectives in order to help determine long-term storage needs. This is envisioned as a multiyear project.The Registration Department is tasked with maintaining paper and digital records related to the Museum collection. The department manages paperwork and logistics related to loans to/from Winterthur and for exhibits, accessions and deaccessions, object movement and collection inventory, and risk management. In FY2017, the registration department inventoried 15,614 objects, facilitated and documented 19,106 object moves, accessioned 973 Museum objects, managed short-term loans to Winterthur of 161 objects (59 objects for one special tour, 102 objects for two exhibitions) and long-term loans to Winterthur of 1072 objects, and managed short-term loans of 40 objects and long-term loans of 150 objects from Winterthur to other institutions. Registration staff work with Winterthur's digital asset management team to improve online Museum collections data. Catalogue data is now available online for 89,647 Museum objects.The mission of the Library is to acquire, catalogue, and preserve its collections and make them available to the public. During FY2017, the Library added 197 archival lots and 4,658 books and periodicals by purchase and gift, catalogued and updated 2,789 records, and lent 356 books through interlibrary loan. We counted 854 user days in the Manuscript and Archive Collections and 4,261 user days in the Printed Book and Periodical Collection. Staff added significantly to our electronic resources with the production of digital collections and staged three exhibitions featuring Library resources. 1932997 Garden Program:Winterthur maintains a world-renowned 200-acre naturalistic garden that welcomes visitors from all parts of the globe. The collection of rare and historic plants includes magnolias, azaleas, minor bulbs, conifers, and specimen trees. Significant varieties in the collection are tracked or "accessioned" through a records system, which currently includes more than 7500 accessions. In FY2016 we received an IMLS grant to digitally map and update our plant records. That work continues through 2017. We continued the restoration and enhancement of numerous garden areas including Icewell Terrace, Enchanted Woods, and Azalea Woods. One hundred and seventy rhododendrons were planted throughout the garden. Restoration of ironwork and statuary continues to be a priority with the repurposing of the Coach House barn to store garden statuary in a more secure and accessible facility. The Latimeria Summerhouse in the Peony Garden was repaired.Planning and design continued for the first exhibit to be held in the garden - Follies: Architectural Whimsy in the Garden. This exhibit will consist of six historic and seven constructed follies in the Winterthur garden. It will open April 1, 2018 with an option to run for two years. Construction has begun on many of the new follies. 1594847 526488 Marketing Program (Expenses $1,323,339)(Revenue $526,488):Winterthur added one new and renewed one existing Licensee that will broaden and deepen awareness of the institution with products tightly tied to the collection and Museum offerings. This will bring the total Licensees to 30. Retail developed products and strategies that will continue to strengthen the relationship to Museum exhibitions and the collections. E-Commerce sales and revenue continue to grow. This will continue to increase the visibility and knowledge of Winterthur.Publications Program (Expenses $271,508):In FY2017 Winterthur produced six publications, including Lasting Impressions: The Artists of Currier & Ives (September 2016); The Delaware Antiques Show Catalogue (November 2016); ABC: A Winterthur Book for Children (November 2016); The Spirit of Yuletide (November 2016); The du Ponts of Winterthur (Updated edition, January 2017); and The Well-Dressed Window: Curtains at Winterthur (May 2017, co-published with The Monacelli Press). The Publications Office also completed editing and photography for the volume Crafting Excellence: The Furniture of Nathan Lumbard and His Circle and supported the needs of departments campus-wide, including the editing of exhibition labels and supplementary materials. In conjunction with the University of Chicago Press, the institution continued to publish both print and online issues of the academic journal Winterthur Portfolio. 1594847 526488 18744886 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 0 1 0 0 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 1 161 0 1 387 1 1 1 0 0 0 0 0 0 0 0 0 X 34 33 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X Robert Necarsulmer 3028884600 Winterthur Museum 5105 Kennett Pike Winterthur DE 19735 Dr David P Roselle Executive Director & Trustee 50.00 X X 261463 0 27371 Mrs Katharine P Booth Chairman 1.00 X X 0 0 0 Mr Pierre du Pont Hayward Vice Chairman & Secretary 1.00 X X 0 0 0 Mr David L De Luca Vice Chairman 1.00 X X 0 0 0 Ms Desiree Caldwell Trustee 1.00 X 0 0 0 Mr David W Dangremond Trustee 1.00 X 0 0 0 Mr Logan D Delany Jr Trustee 1.00 X 0 0 0 Mr William K du Pont Trustee 1.00 X 0 0 0 Ms Catherine G Ebert Trustee 1.00 X 0 0 0 Mrs Anne B Ervin Trustee 1.00 X 0 0 0 Mr Timothy R Goldsmith Trustee 1.00 X 0 0 0 Mr Frank J Guzzetta Trustee 1.00 X 0 0 0 Mr James B Hawkes Trustee 1.00 X 0 0 0 Mr Morrison H Heckscher Trustee 1.00 X 0 0 0 Mr John A Herdeg Trustee 1.00 X 0 0 0 Ms Cynthia A Hewitt Trustee 1.00 X 0 0 0 Mr Frank L Hohmann III Trustee 1.00 X 0 0 0 Mr Joseph C Hoopes Jr Trustee 1.00 X 0 0 0 Ms Christie D Jackson Trustee 1.00 X 0 0 0 Mrs Olivia Barclay Jones Trustee 1.00 X 0 0 0 Mrs Richard I G Jones Trustee 1.00 X 0 0 0 Mr Edward W Kane Trustee 1.00 X 0 0 0 Mr Barron U Kidd Trustee 1.00 X 0 0 0 Mr Nicholas P Lambrow Trustee 1.00 X 0 0 0 Mr Forbes Maner Trustee 1.00 X 0 0 0 Mr John L McGraw Trustee 1.00 X 0 0 0 Mrs Elizabeth H Owens Trustee 1.00 X 0 0 0 Mr Bruce C Perkins Trustee 1.00 X 0 0 0 Dr Donald J Puglisi Trustee 1.00 X 0 0 0 Mrs Lynn Springer Roberts Trustee 1.00 X 0 0 0 Mr P Allen Smith Trustee 1.00 X 0 0 0 Mr P Coleman Townsend Jr Trustee 1.00 X 0 0 0 Mr Rodman Ward Jr Trustee 1.00 X 0 0 0 Dr Richard C Weiss Trustee 1.00 X 0 0 0 The Honorable W L Lyons Brown Chairman & Trustee Emeritus 1.00 X 0 0 0 Mr Samuel Schwartz Chairman & Trustee Emeritus 1.00 X 0 0 0 Mrs George P Bissell Jr Trustee Emerita 1.00 X 0 0 0 Mrs Alice Cary Brown Trustee Emerita 1.00 X 0 0 0 Mrs Louisa C Duemling Trustee Emerita 1.00 X 0 0 0 Mrs Elizabeth B Johnson Trustee Emerita 1.00 X 0 0 0 Mrs Julia Bissell Leisenring Trustee Emerita 1.00 X 0 0 0 Mr Blaine T Phillips Trustee Emeritus 1.00 X 0 0 0 Mr Geoffrey M Rogers Trustee Emeritus 1.00 X 0 0 0 Mr Mark E Stalnecker Trustee Emeritus 1.00 X 0 0 0 Mr David D Wakefield Trustee Emeritus 1.00 X 0 0 0 Mr David B Warren Trustee Emeritus 1.00 X 0 0 0 Mr Charles O Wood III Trustee Emeritus 1.00 X 0 0 0 Mr Edmond L Lincoln Honorary Trustee 1.00 X 0 0 0 Mr Robert Necarsulmer CFO and Treasurer 50.00 X 184085 0 9549 Ms Denise D Adams Assistant Treasurer 50.00 X 77742 0 8655 Ms Jane Drummond Assistant Secretary 50.00 X 65970 0 9212 Mr Robert R Davis Dir.-Development 50.00 X 206289 0 14145 Mr John Savage Dir.-Museum Affairs 50.00 X 163411 0 17279 Ms Lisbeth Selsor Dir.-Human Resources 50.00 X 154967 0 17629 Mr Christopher Strand Dir.-Garden and Estate 50.00 X 144024 0 25955 Mr Gregory Landrey Dir.-Academic Affairs 50.00 X 136658 0 12763 1394609 0 142558 10 0 1 0 EDiS Company 110 South Poplar St Suite 400 Wilmington DE 19805 Construction Contractor 1394509 SC&A Construction Inc 3411 Silverside Rd Wilmington DE 19810 Construction Contractor 1320129 Limbach Company LLC 31-35th St Pittsburgh PA 15201 Equipment Maintenance 737218 Cambridge Associates 120 Ferree St Harrisburg PA 17109 Investment Manager 484667 Connor Printing Inc 2977 Dutton Mill Rd Aston PA 19014 Printing Company 183363 10 933067 669748 338380 2931475 1093153 4872670 Admissions 900099 1513348 1513348 Academic Programs Cost Share 900099 326600 326600 Usage Fees 900099 239604 239604 Teaching/Consulting 900099 31000 31000 138444 138444 2248996 2870234 2870234 127110 127110 547625 130767 416858 416858 416858 87752045 55719464 32032581 32032581 32032581 320172 669748 619900 -299728 -299728 1012595 471536 541059 526488 14571 42809780 2775484 14571 35147055 746396 746396 684950 684950 10478006 8737534 1243587 496885 -2312767 -1929332 -258615 -124820 1742477 1440015 250608 51854 810608 658013 120663 31932 75000 4535 70465 88568 88568 915774 915774 110797 38102 72695 540151 539552 599 714042 564124 113084 36834 180947 180947 2291017 2140896 116629 33492 138196 121792 8581 7823 787417 695398 66898 25121 350115 350115 3722735 3266020 412246 44469 340524 340524 Public visitation 400912 400912 Gardens and grounds 331474 331474 Publications and market 279652 279652 Library materials 218902 218902 574723 490901 69280 14542 24210616 18744886 4847598 618132 1770584 488116 3093549 2015222 214859 207806 375459 375504 199000 69408 113025650 74949175 36357943 38076475 142601532 162914040 183308155 181951579 2313462 475264 370234543 386573414 2038400 1964284 364752 271211 3315000 0 4003007 21115205 21386875 3696679 31108034 27047379 X 278984411 296127623 25878937 28957469 34263161 34440943 339126509 359526035 370234543 386573414 18599164 1800362 0 X X 0 1 X 1 1 1 X 5979054 7016692 8549269 6886934 4872670 33304619 5979054 7016692 8549269 6886934 4872670 33304619 1755284 31549335 4355655 3885118 4672502 3702806 3544969 20161050 53465669 22562442 0.59010 0.58530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X X Digital Collection & Records 0 329002321 177782 36671303 746396 18941604 915774 345247632 356108224 1974789 -10216745 705017 17565983 592947 329002321 363356222 3409584 9570562 672591 18792409 763144 356108224 329367641 2570116 49516555 665486 16819514 613090 363356222 311616930 1199718 35369738 648520 17429480 740745 329367641 0.82860 0.09980 0.07160 0 0 6705791 6705791 95355238 66803618 28551620 10964621 8145557 2819064 38076475 67392487 F Endowment cash 14243939 F Limited partnerships 45016414 F Private equity funds 25421477 F Other mutual funds 29877262 F 181951579 Construction in process 475264 475264 Accrued pension expense 3692052 Bond Interest Swap Liability 4627 3696679 44785804 1800362 1091436 2891798 41894006 915774 915774 42809780 24386278 1091436 1091436 23294842 915774 915774 24210616 Part III, Line 1a: In conformity with FASB ASC 958-605, the financial statements exclude the value of the collection objects and library holdings. No determination can be made as to the aggregate value of such items. Winterthur records proceeds from deaccessions and disbursements for current period accessions in the statement of activity as revenue and expenditures, respectively. Proceeds from sales of collection items are limited to the acquisition of other items for collections. Winterthur employs conservation and curatorial staff to ensure that the collection is protected and preserved. Part III, Line 4: Winterthur's collection of decorative and fine arts remains one of the best in the country, and objects are displayed in 175 museum rooms and 35,000 square feet of self-guided galleries. The collections include over 90,000 objects including furniture, architecture, textiles, paintings, metals, ceramics, glass, and works of art on paper. The comprehensive research library features books, periodicals, manuscripts, visual images, and ephemera. Much of the scholarship on early American material culture has been written on the basis of research conducted at Winterthur, via both its collection of objects as well as the material found in its library. The Winterthur and University of Delaware Program in American Material Culture (WPAMC) is the country's leading graduate program in the study of American decorative arts and material life, and the Winterthur/University of Delaware Program in Art Conservation (WUDPAC) is one of only four graduate programs in the United States that educates and trains conservation professionals in multiple disciplines to care for our cultural heritage. Winterthur Museum, Garden & Library is committed to providing an array of artistic and educational programming. Currently, we are designing exhibitions, programs, and events that utilize our rich collection materials and vast knowledge base to appeal to Winterthur's traditional visitor while encouraging the patronage of a new, diverse, and intergenerational audience. Over the years, through innovative exhibitions, programs, and events, Winterthur has become a unique national treasure, a vital community resource, and a place that engages adults and youth in entertaining and memorable experiences that are relevant to their lives. Winterthur's goal has been to interpret its collections through enticing programs that help young visitors understand people, art, and landscapes-past and present. Culture enthusiasts and families with children make up the bulk of Winterthur's general attendance, of over 127,000 in FY2017. Many of these visitors are cultural tourists and museum members who take garden tours, docent-guided gallery tours, guided period room tours, special focus tours, or partake in Winterthur's family and school programming. Winterthur offers eighteen interactive, curriculum-based and developmentally-appropriate programs for students in preschool through the 12th grade. These programs take place both at Winterthur and in school classrooms throughout the Delaware Valley as part of our school outreach program, and are often geared toward our changing exhibitions. Part XI, Line 2d - Other Adjustments: Special Event Expenses 619,900. Cost of Goods Sold 471,536. Part XII, Line 2d - Other Adjustments: Special Event Expenses 619,900. Cost of Goods Sold 471,536. Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 Investment 70342468 Europe (Including Iceland & Greenland) 0 0 Investment 4338174 0 0 0 0 0 0 74680642 0 74680642 1 0 0 0 1 0 Point to Point Races 606963 546794 60169 27158 335781 Delaware Antiques Show 382957 122954 260003 21000 77204 158757 989920 669748 320172 21000 104362 494538 619900 -299728 1 Winterthur Program in American Material Culture 16 643400 FMV Research Fellowship 31 102996 FMV Part I, Line 2: The only disbursements made to non-affiliated persons in furtherance of its mission and exempt purpose are to the graduate students (Winterthur Program in American Material Culture) and research fellowships (Research Fellowship Program). The graduate student awards are made according to admission procedures consistent with practices at the University of Delaware, which co-sponsors the awards, and supervised by University of Delaware faculty. All Research Fellowship awards are made according to selection procedures consistent with practices of the National Endowment for the Humanities. Graduate student award funds are monitored according to internal fiscal practices of both the Winterthur Museum and the University of Delaware. Research Fellowship expenditures are monitored by monthly internal tracking. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Dr David P Roselle Executive Director & Trustee 261463 0 0 0 0 0 16687 0 10684 0 288834 0 0 0 Mr Robert Necarsulmer CFO and Treasurer 184085 0 0 0 0 0 3536 0 6013 0 193634 0 0 0 Mr Robert R Davis Dir.-Development 206289 0 0 0 0 0 13260 0 885 0 220434 0 0 0 Mr John Savage Dir.-Museum Affairs 163411 0 0 0 0 0 10660 0 6619 0 180690 0 0 0 Ms Lisbeth Selsor Dir.-Human Resources 154967 0 0 0 0 0 5457 0 12172 0 172596 0 0 0 Mr Christopher Strand Dir.-Garden and Estate 144024 0 0 0 0 0 9815 0 16140 0 169979 0 0 0 Mr Nicholas P Lambrow Banking relationship with Trustee 0 Mr. Nicholas P. Lambrow became a Trustee of Winterthur in May 2012. Mr. Lambrow is President - Delaware Region at M&T Bank. Winterthur has done business with M&T and Wilmington Trust Company (which was acquired by M&T) for many years. Mr. Lambrow played no role in this business being awarded to M&T Bank and does not have any direct compensation tied to the retention of this business. It is an established policy that all Trustees recuse themselves from Committee or Board decisions for which they or their firms have a potential conflict of interest. 0 X 879 FASB ASC 958-360-25 X FASB ASC 958-360-25 X 19 1093153 Fair Market Value 8 0 1 1 Part I, Column (b): (1) of the (879) contributions in FY2017 was from a Donative/Bargain Sale. Part I, Line 32b: Winterthur uses a brokerage account with an unrelated financial institution to process non-cash contributions of stock. Deaccessioned material is sold thru public auction houses, e.g. Sotheby's, Pook & Pook, Inc. and Christie's. Part I, Line 33: A zero amount is reported in Sch M, Part I, line 3(c), because Winterthur does not capitalize its collection, as allowed under FASB ASC 958-360-25. Form 990, Part VI, Section A, line 2 Some Board members share a family relationship. Form 990, Part VI, Section B, line 11b The Audit Committee reviews the Form 990 before the return is signed and filed. Form 990, Part VI, Section B, line 12c Each Trustee must complete a Conflict of Interest Policy Disclosure Statement upon his/her election to the Board and annually thereafter. Board members are required to acknowledge a potential conflict to the Board prior to entering into a transaction with the Museum. The minutes of the Board meeting at which a disclosure of conflict is made shall reflect the occurrence and the outcome. The Executive Director monitors contracts and vendor payments for potential conflicts of interest and informs the Chairman of the Board. The Chairman then brings the potential conflict to the Board for discussion when deemed possibly material. Form 990, Part VI, Section B, line 15 The Human Resources Committee of the Board of Trustees oversees a national salary survey every three years. The Committee also gathers local salary data to help establish current market values for the Museum's salaried positions. The collected survey data supports a salary structure that aligns every position within a salary range. The Human Resources Committee reviews all salary rates including the Executive Director and departmental Directors and then approves the rates of pay prior to budget approval for the next fiscal year. Form 990, Part VI, Section C, line 19 While the Museum routinely provides copies of the audited financial statements when requested,it has never received a request for its conflict of interest policy or governing documents. Although there is no legal requirement that it do so, in the interest of transparency, requests of this nature will be evaluated by the Museum and responded to on a case by case basis. Form 990, Part XII, Line 2c Winterthur has an Audit Committee that is responsible for the selection and oversight of the independent auditor.