2017-11-14T12:54:23-06:00 2017-06-30 221478099 COHNREZNICK LLP 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2016-07-01 060653111 WADSWORTH ATHENEUM MUSEUM OF ART WADS 8602782670 600 MAIN STREET HARTFORD CT 06103 cindy martinez CFO 8602782670 2017-11-13 1 PATRICIA MCGOWAN P00184514 9592007000 209.3.217.20 2017-11-13 14:35:26 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 896C1F5B5D42EC59A37A0D46A5820AA48C1A79ED 2016 2017-02-10 21:41:12Z Thomas Loughman 600 MAIN STREET HARTFORD CT 06103 24088818 0 X www.wadsworthatheneum.org X 1842 CT 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. 38 38 86 310 11898 -13126 4275730 3556184 1021248 1340314 2540217 2546695 227622 374574 8064817 7817767 0 0 0 0 4062077 3923346 0 0 445061 8338972 7172132 12401049 11095478 -4336232 -3277711 132165726 137378464 3986764 2896700 128178962 134481764 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 6097351 366606 CURATING AND CURATORIAL RESEARCH FY2017THE 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 FY2017 COMPRISED THE FOLLOWING:GOTHIC TO GOTH: ROMANTIC ERA FASHION & ITS LEGACY, MARCH 5 - JULY 10, 2016; VANESSA GERMAN/MATRIX 174: I COME TO DO A VIOLENCE TO THE LIE, JUNE 9 - SEPTEMBER 4, 2016; THE HUMAN TOUCH: SELECTIONS FROM THE RBC WEALTH MANAGEMENT ART COLLECTION, JUNE 25 - SEPTEMBER 25, 2016; THE THRILL OF THE CHASE: THE WAGSTAFF COLLECTION OF PHOTOGRAPHS AT THE J. PAUL GETTY MUSEUM, SEPTEMBER 10 - DECEMBER 11, 2016; DULCE CHACN/MATRIX 175: FALLEN ANGELS, OCTOBER 7, 2016 - JANUARY 8, 2017; UTAMARO AND THE LURE OF JAPAN, JANUARY 7 - MARCH 26, 2017; VALESKA SOARES/MATRIX 176: UNFOLD, FEBRUARY 2 - MAY 7, 2017; HAND-PAINTED POP! ART AND APPROPRIATION, 1961 TO NOW, APRIL 29 - AUGUST 13, 2017; SIMPLY SPLENDID: REDISCOVERING AMERICAN DESIGN, MAY 13 - AUGUST 13, 2017; AND MIKA TAJIMA/MATRIX 177: AFTER LIFE, JUNE 1 - SEPTEMBER 3, 2017. PERMANENT COLLECTION INSTALLATIONS INCLUDED: MINIATURE WORLD IN WHITE GOLD: MEISSEN PORCELAIN BY JOHANN JOACHIM KAENDLER, JANUARY 16, 2016 - JANUARY 16, 2017; THE END OF INNOCENCE: CHILDHOOD TORMENTS IN THE CONTEMPORARY ART COLLECTION, FEBRUARY 6 - AUGUST 14, 2016; SHE: IMAGES OF FEMALE POWER FROM THE COLLECTION, AUGUST 20, 2016 - APRIL 2, 2017; SAM WAGSTAFF AS CURATOR, SEPTEMBER 17, 2016 - JANUARY 8, 2017; JOHN TRUMBULL: VISUALIZING AMERICAN INDEPENDENCE, NOVEMBER 5, 2016 - JULY 23, 2017; KEITH SONNIER: THREE NEONS / THREE DECADES, JANUARY 28 - OCTOBER 8, 2017; AND SVRES' VASE DE L'ADOUR: A CLOSER LOOK, FEBRUARY 18, 2017 - JANUARY 28, 2018.CURATORIAL RESEARCH RESULTED IN THE FOLLOWING PUBLICATIONS: LYNNE ZACEK BASSETT, "BATTLE ON THE HOMEFRONT: THE HARTFORD SOLDIERS' AID ASSOCIATION." BEYOND THE BATTLEFIELD: NEW ENGLAND AND THE CIVIL WAR. THE DUBLIN SEMINAR FOR NEW ENGLAND FOLKLIFE ANNUAL PROCEEDINGS 2011. HISTORIC DEERFIELD, 2017; "DIPLOMATIC DRESS: THE COURT ENSEMBLES OF JAMES AND ELIZABETH MONROE." WHITE HOUSE HISTORY. VOL. NO. 44, 2017; ERIN MONROE, "JOHN TRUMBULL: VISUALIZING AMERICAN INDEPENDENCE," IN JOS MANUEL GUERRERO ACOSTA, ED., MEMORY REGAINED, TRACES OF HISTORY IN THE UNITED STATES, GALAR: ZIUR NAVARRA S. A., 2017. 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 FY2017, NINETY-FOUR (94) WORKS OF ART WERE APPROVED FOR LOANS TO FIFTY-FIVE (55) INSTITUTIONS IN THE UNITED STATES, CANADA, EUROPE, AND ASIA. DURING FY2017, 1 LARGE SCALE WORK OF ART WAS LENT WITH THE TRAVELING EXHIBITION UTAMARO, TO THE FREER GALLERY OF ART AND ARTHUR M. SACKLER GALLERY, WASHINGTON, D.C. [APRIL 8, 2017 - JULY 9, 2017] AND THE OKADA MUSEUM OF ART, KOWAKUDANI, HAKONE, JAPAN [JULY 28, 2017 - OCTOBER 29, 2017]. 2 WORKS OF ART WERE LENT TO THE TRAVELING EXHIBITION CONEY ISLAND: VISIONS OF AN AMERICAN DREAMLAND, 1861 - 2008, OF WHICH THE LAST VENUE WAS THE MCNAY ART MUSEUM, SAN ANTONIO, TX FROM MAY 11 - SEP. 11, 2016. FINALLY, CURATORS, THROUGH PURCHASES, GIFTS, AND BEQUESTS ACQUIRED 132 WORKS OF ART FOR THE COLLECTION, INCLUDING: ONE (1) AMERICAN DRAWINGS; TWO (2) AMERICAN PAINTINGS; ONE (1) PIECE OF AMERICAN FURNITURE; TEN (10) PIECES OF AMERICAN SILVER; SIX (6) CONTEMPORARY DRAWINGS; ONE (1) CONTEMPORARY PAINTING; FIVE (5) CONTEMPORARY PHOTOGRAPHS; FOUR (4) CONTEMPORARY PRINTS; THREE (3) CONTEMPORARY SCULPTURES; NINETY-THREE (93) COSTUME ITEMS; ONE (1) EUROPEAN PAINTING; FIVE (5) EUROPEAN DECORATIVE ART OBJECTS (CERAMICS). 924479 412311 Education FY17 SummaryThe Wadsworth Atheneum Museum of Art offered a great spectrum of programs that engaged and inspired audiences to connect with the museum's collections and special exhibitions. During this fiscal year, education activity and programs drew over 39% of the Museum's annual attendance of just over 95,000 and involved numerous partners. Adult programs investigated major exhibitions The Wagstaff Collection of Photographs, Utamaro and the Lure of Japan, and John Trumbull: Visualizing American Independence, exploring history through art historical, visual, and cultural lenses. Around 19,000 students, teachers, families and adults participated in 1,714 guided tours with the museum's 92 docents. The monthly free Second Saturdays for Families program has now attracted over 45,000 visitors since it was conceived in 2009 as a means of encouraging active intergenerational learning in a museum setting. In the School and Teacher Programs area, new student touring options were developed this year to integrate a gallery program and studio experience for students in grades K-12. These studio programs attracted record attendance of about 2,000 students. New funding from United Healthcare supported programming for Community Days this year, two of which are held in collaboration with The Amistad Center for Art & Culture. Other signature programs conceived within the Community Engagement Initiative like Museum on the Move, Art and Writing, the Community Arts Program, and Summer Community Studio are expanding through new curricula and infrastructure.Visitors continue to take advantage of the mobile tour option at tap.thewadsworth.org, loaded with in-depth analyses of single works of art by scholars, curators, and educators on the permanent collections and major special exhibitions. Department staffing shifted to embrace a developing academic audience as the University of Connecticut's Hartford campus opened and the Hartford Consortium for Higher Education grew more active. Several initiatives are already underway including a new program called the Encounters series held in collaboration with the Hartford Public Library and the UCONN Humanities Institute. The already established Internship Program placed 25 Interns from 16 universities in departments throughout the museum to mentor with professional staff, developing their understanding of the various fields represented in the museum setting. 1671271 698249 OTHER PROGRAM EXPENSES: OTHER PROGRAM EXPENSES INCLUDE MARKETING, PUBLIC RELATIONS, MEMBERSHIP, MUSEUM SHOP, THEATER, CAFE AND OTHER MISCELLANEOUS. 8693101 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 78 0 1 86 1 1 1 0 0 0 0 1 1 0 0 0 0 X 38 38 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 CYNTHIA BULALONG TRUSTEE 1.00 X 0 0 0 DAVID JEPSON Trustee 1.00 X 0 0 0 David R McHale outgoing 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 trustee 1.00 X 0 0 0 esther pryor trustee 1.00 X 0 0 0 Filomenia Soyster Trustee 1.00 X 0 0 0 Francine Christiansen 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 & SECRETARY 1.00 X X 0 0 0 JAY MORTON TRUSTEE 1.00 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 VICE PRESIDENT 1.00 X X 0 0 0 KATE M COLEY TRUSTEE 1.00 X 0 0 0 Laura R Harris 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 C FOX outgoing ASS'T SECRETARY 1.00 X X 0 0 0 Matthew Schaefer trustee 1.00 X 0 0 0 MEDINA JETT TRUSTEE 1.00 X 0 0 0 Michael Klein trustee 1.00 X 0 0 0 RICHARD ALLEYNE TRUSTEE 1.00 X 0 0 0 Robert C Hobbs outgoing Trustee 1.00 X 0 0 0 SALLY WISTER TRUSTEE 1.00 X 0 0 0 samuel R Peterson trustee 1.00 X 0 0 0 SUSAN A ROTTNER VICE PRESIDENT 1.00 X X 0 0 0 Susan Chandler trustee 1.00 X 0 0 0 THOMAS MCEACHIN outgoing treasurer 1.00 X X 0 0 0 timothy mclauglin trustee 1.00 X 0 0 0 William R Peelle Jr trustee 1.00 X 0 0 0 YVETTE MELENDEZ TRUSTEE 1.00 X 0 0 0 cynthia martinez chief financial officer 35.00 X 121691 0 7808 THOMAS LOUGHMAN DIRECTOR AND CEO 35.00 X 230879 0 18041 ROBIN JAFFEE FRANK Former Chief curator 35.00 X 103038 0 39473 455608 0 65322 3 0 1 0 Securitas Security Services USA Inc PO Box 403412 Atlanta GA 30384 Security 1101946 Crest Mechanical Services Inc 1841 Broad Street hartford CT 061340683 HVAC/Electrical Services 182695 Artex Inc 8712 Jericho city Drive Landover MD 207854761 Shipping 138383 Healthy Source Catering 81 Saddleback Drive South Windsor CT 06074 Catering 130196 4 311682 97028 141780 3005694 247087 3556184 EXHIBITION FEES 900099 705592 705592 Auxiliary and other activities 453220 333509 321611 11898 ADMISSION REVENUE 900099 301213 301213 1340314 1319410 1319410 17225252 15997967 1227285 1227285 1227285 391457 97028 165633 225824 225824 256201 107451 148750 148750 7817767 1477166 11898 2772519 436815 252971 146013 37831 2843052 1625170 961363 256519 108292 69038 32928 6326 267699 153604 107758 6337 267488 187588 54974 24926 17898 3335 14563 64325 64325 445142 445142 425695 347600 50627 27468 57139 53376 3763 365253 323635 28235 13383 224630 214533 8981 1116 1051968 875715 172611 3642 224933 161211 62873 849 92446 80455 11058 933 48515 48515 1919111 1832845 76730 9536 security 989117 934405 35809 18903 Purchase of art 458100 458100 Service expenses 395853 349579 38337 7937 event expenses 175094 131333 32696 11065 216913 193466 5157 18290 11095478 8693101 1957316 445061 138774 107109 1505638 1604913 1186389 912204 37979 31409 274123 246057 48096629 18919146 30811381 29177483 42870064 51392645 51504714 49785477 3836664 4121167 132165726 137378464 622375 313468 576194 173037 2788195 2410195 3986764 2896700 X 42921709 42530940 48494944 54947778 36762309 37003046 128178962 134481764 132165726 137378464 X -3277711 9210919 369594 X X 0 1 X 1 1 1 X 10785695 13297896 16399574 4275730 3556184 48315079 10785695 13297896 16399574 4275730 3556184 48315079 9717752 38597327 1076272 1858175 2084793 1931267 1319410 8269917 10403 11898 22301 325819 277086 493818 97350 391457 1585530 58192827 7335337 0.66330 0.69290 X Schedule A, Part II, Line 10, Explanation of Other Income: SPECIAL EVENTS - 2012 Amount: $ 325,819. 2013 Amount: $ 277,086. 2014 Amount: $ 478,612. 2015 Amount: $ 36,331. 2016 Amount: $ 391,457. MISCELLANEOUS REVENUE - 2014 Amount: $ 15,206. 2015 Amount: $ 61,019. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 2 0.00 2 1 0 1 0 1.00 0 1 X X X X X Education 1 91763433 709133 11757117 5166983 99062700 97792771 748797 -1730761 5047374 91763433 100786375 555671 1448959 4998234 97792771 86103039 10061247 12686619 7634526 430004 100786375 83971490 1500278 8477148 7373651 472226 86103039 0.14700 0.31020 0.54280 1 0 44282947 15341674 28941273 3813682 3577472 236210 29177483 DEBT SECURITIES 26480649 F INVESTMENTS HELD IN TRUST BY OTHERS 6274235 F SHORT TERM INVESTMENTS 17030593 F 49785477 X 17433088 9210919 206866 369594 9787379 7645709 445142 -273084 172058 7817767 11130286 206866 273084 479950 10650336 445142 445142 11095478 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: Collections of works of art acquired through purchase or donation since the Museum's inception are not recognized as assets in the accompanying statement of financial position. Each of the items is cataloged, preserved and cared for. Purchases of collection items are recorded as decreases in unrestricted net assets in the year in which the items are acquired or as decreases in temporarily restricted net assets, if the assets used to purchase the items are restricted by donors. Proceeds from deaccessions or insurance recoveries are reflected as increases in the temporarily restricted net asset class. Museum policy limits the use of proceeds from deaccessions or insurance solely for acquisition of other art objects. Part III, Line 4: The Wadsworth Atheneum Museum of Art houses a collection of nearly 50,000 works of art including paintings, sculptures, decorative arts, works on paper, costumes and textiles, and videos, ranging in date from antiquity to contemporary and including works from most of the continents. The Wadsworth Atheneum is one of Connecticut's principal cultural and civic institutions and a museum of international significance. The museum is a not-for-profit organization that ensures the public has access to artwork that is artistically and historically signficant. In addition to permanent collection displays, the Atheneum presents special exhibitions of loaned works. A wide range of interpretive and educational programs for children, families, and adults, public and school tours are offered regularly. 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 X, Line 2: The Museum has no unrecognized tax benefits at June 30, 2017. The Museum's U.S. Federal and state information returns prior to fiscal year 2014 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 369,594. Part XI, Line 4b - Other Adjustments: Fundraising -165,633. cost of good sold -107,451. Part XII, Line 2d - Other Adjustments: FUNDRAISING EXPENSES 165,633. cost of goods sold 107,451. GOLF TOURNAMENT 67428 31028 36400 36400 2255 3692 GALA 421057 66000 355057 61070 62216 488485 97028 391457 36400 63325 65908 165633 225824 1 X X X X 1 0 0 0 0 0 0 0 0 THOMAS LOUGHMAN DIRECTOR AND CEO 205769 0 25000 0 110 0 0 0 18256 0 249135 0 0 0 Part I, Line 4a An employee received a severance amount as part of their termination with the museum which was included in their 2016 W-2. 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 1251011 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 25 X 17515 X 15 205925 X art supplies 7 11119 X other 13 7528 X jewelery 1 5000 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 conflict of interest form which discloses all interests. The Chief Human Resource Officer 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 369,594. FORM 990, PART XII, LINE 2C THERE HAVE BEEN NO CHANGES MADE TO THE ORGANIZATION'S OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR.