2017-05-10T10:03:51-05:00 2016-06-30 010494526 Baker Newman & Noyes LLC Box 507 Portland ME 04112 990 2015-07-01 020223322 Currier Museum of Art CURR 6036696144 150 Ash Street Manchester NH 03104 Alan Chong Current Director & CEO 6036696144 2017-04-27 1 Nicholas E Porto P01310283 2078792100 2017-04-27 2015 2021-01-29 14:40:06Z Alan Chong 150 Ash Street Manchester NH 03104 16331426 0 X www.currier.org X 1919 NH Provide stimulating, diverse, and enjoyable encounters with original works of art. 19 19 143 114 204333 0 2324313 1324044 650922 647026 3581391 2818520 499861 527325 7056487 5316915 21500 26635 0 0 2753325 2799752 0 0 405188 3942609 5473618 6717434 8300005 339053 -2983090 101474323 92130994 328375 372298 101145948 91758696 X The Currier Museum of Art is committed to providing stimulating, diverse, and enjoyable encounters with original works of art and, in doing so, hopes to inspire the hearts, minds and imaginations of its members and visitors. (continued on Sch. O) The Museum provides the public with opportunities to learn about the past, appreciate and evaluate the present, and contemplate the future.The Currier brings to its fundamental mission exceptional holdings of art and architecture, primarily American and European. The Museum is dedicated to high standards of exhibition, preservation, research, interpretation and enhancement of this collection. Cultural and educational programs of high quality and often national significance are offered.The Currier is determined to serve all age groups and a culturally varied audience from New Hampshire and the surrounding region. The Museum aims to be a leader in developing innovative learning experiences that increase the public's understanding, appreciation a 0 0 6229329 582880 Art Museum: The Currier, an internationally renowned art museum, is New Hampshire's largest art museum with world-class European and American art collections of more than 13,845 objects that are at the core of its education, studio, and exhibition programs. An annual roster of 4-5 special exhibitions complements the permanent collection displays, each interpreted through a range of programs including guided tours, hands-on art making activities, artist talks, and on-line curriculum for educators. There were approximately 54,917 visitors to the Museum in FY16, 8,075 of which were from student groups. In addition to exhibition galleries, the Museum facility includes: two classrooms, a 180-seat auditorium, Winter Garden Cafe, Museum Shop, and entrance plaza. The Currier's website (www.currier.org) provides information on all of our programs. 361457 26635 235196 Art Center: Open since 1939, the Art Center serves Manchester and surrounding communities with high-quality, studio-based educational programs in the visual arts. Year round programs include summer art camps, school vacation-week camps, fall and winter semester-long classes, master classes, and workshops. Through our outreach efforts, some after-school programs are offered at select schools in the region. The Art Center provides a wide range of studio instruction for children, teens, and adults with annual enrollments of almost 1,750. It offers scholarship assistance to students who demonstrate a financial need. 135243 63975 Zimmerman House: The historic Isadore J. and Lucille Zimmerman House was designed by famed architect Frank Lloyd Wright. The House includes the original furniture that Wright designed and the Zimmermans' personal collection of modern art, pottery, and sculpture. The Zimmerman House draws about 4,182 visitors annually for tours of the house and grounds. The Zimmerman House is the only Frank Lloyd Wright-designed residence in New England that is open to the public. 6726029 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 1 0 0 0 1 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 1 37 0 1 143 1 1 1 0 0 0 0 1 1 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 NH X Sheila McNeil Director of Finance 6036696144 150 Ash Street Manchester NH 03104 Lucy Fowlkes Breed Trustee 1.00 0.00 X 0 0 0 Pamela Diamantis Trustee 1.00 0.00 X 0 0 0 Stephen Duprey Trustee 1.00 0.00 X 0 0 0 Margaret Gaillard Trustee 1.00 0.00 X 0 0 0 Jean C Gottesman Trustee 1.00 0.00 X 0 0 0 Elizabeth Hitchcock Trustee 1.00 0.00 X 0 0 0 Patricia Howard Trustee 1.00 0.00 X 0 0 0 David A Jensen Trustee 1.00 0.00 X 0 0 0 Ben Kelley Trustee 1.00 0.00 X 0 0 0 Peter R Milnes Trustee 1.00 0.00 X 0 0 0 Tom Silvia Trustee 1.00 0.00 X 0 0 0 Barbara Putnam Trustee (emerita as of 9/15) 1.00 0.00 X 0 0 0 Nike Speltz Trustee 1.00 0.00 X 0 0 0 John F Swope Trustee 1.00 0.00 X 0 0 0 Richard Thorner Trustee 1.00 0.00 X 0 0 0 William Upton Trustee 1.00 0.00 X 0 0 0 M Christine Dwyer President 3.00 0.00 X X 0 0 0 Dwight D Churchill Vice President 3.00 0.00 X X 0 0 0 Harry Shepler Treasurer 3.00 0.00 X X 0 0 0 John H Morison III Clerk 3.00 0.00 X X 0 0 0 Susan E Strickler Director & CEO 40.00 0.00 X 187985 0 10767 Sherry H Collins CFO 40.00 0.00 X 78702 0 8047 Paul Staller Director of Development 40.00 0.00 X 100001 0 0 366688 0 18814 2 0 1 0 0 285480 55590 9500 973474 81146 1324044 Art Center Tuition 611710 230068 230068 Admissions 713990 221607 221607 Special Exhibition Admissions 713990 85119 85119 Miscellaneous Revenue 611710 63468 63468 Public Programs 611710 46764 46764 647026 416243 416243 63758 11535 52223 52223 52223 13156115 10753838 2402277 2402277 2402277 70151 55590 41102 29049 29049 18025 11330 6695 6695 431731 196706 235025 235025 Investment Partnerships 523000 204333 204333 204333 5316915 882051 204333 2906487 26635 26635 307203 25969 196362 84872 2165813 1615601 344085 206127 29570 20731 6785 2054 122084 97845 19638 4601 175082 119028 37101 18953 2600 2600 33350 33350 216679 216679 75584 75584 145739 126016 4101 15622 122121 59298 54310 8513 103636 34285 54445 14906 540045 496344 32711 10990 6970 4391 2574 5 15995 7532 6757 1706 842475 783502 37911 21062 78206 69293 8336 577 Art Works Purchased 2738260 2738260 Exhibitions & Collectio 361974 361974 Public Programs/Service 119373 119373 Development & Membershi 26699 11499 15200 43912 8453 35459 8300005 6726029 1168788 405188 254940 258302 559810 661560 64557 88807 60609 2835 103605 104955 114548 131902 31050730 14625188 17008164 16425542 60561553 53092010 22746537 21365081 101474323 92130994 220604 250199 107771 122099 328375 372298 X 2738052 2205503 47905838 38825523 50502058 50727670 101145948 91758696 101474323 92130994 -2983090 -6404162 0 X X 0 1 X 1 0 X 731374 1418731 1995114 2324314 1324044 7793577 731374 1418731 1995114 2324314 1324044 7793577 1060884 6732693 908230 793720 684482 678683 568177 3633292 -87531 -79452 34684 119471 204333 191505 11618374 4674983 0.57950 0.57280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 79583034 -3214970 4818004 206069 71343991 82363329 829906 3392257 217944 79583034 81601664 12338854 11366624 210565 82363329 78059694 11447551 7703626 201955 81601664 81100081 384850 3227873 197364 78059694 0.00000 0.70390 0.29610 0 0 27497057 11966551 15530506 3553673 2658637 895036 16425542 Real estate investment funds 2183069 F Alternative investments 19182012 F 21365081 X -1075712 -6404162 11535 -6392627 5316915 0 5316915 8311540 11535 11535 8300005 0 8300005 Part III, Line 1a: The Museum has elected not to capitalize its collections and objects of art, including the Zimmerman House, all of which are significant to the Museum's operations and mission. The value of the objects acquired by gift, for which the Museum can make a reasonable estimate, totaled $193,700 and $576,000 for the years ended June 30, 2016 and 2015, respectively. An estimate of the total value of objects acquired by gift in years prior to 1997 is not readily determinable. The total value of gifts received since 1997 is $12,001,895. The total value of objects purchased from December 31, 1997 through June 30, 2016 and 2015 was $23,956,240 and $21,217,980, respectively. For the years ended June 30, 2016 and 2015, the Museum sold deaccessioned collections and objects of art totaling $51,276 and $110,712, respectively. The selling price of these items approximated their fair value. Part III, Line 4: The Currier is New Hampshire's largest art museum with world-class European and American art collections of over 13,845 objects that are at the core of its education, studio, and exhibition programs. Comprised of the Museum, the Art Center, and the Frank Lloyd Wright-designed Zimmerman House, the Currier received reaccreditation from the American Alliance of Museums in November of 2012. In its 87-year history, the Museum has built collections of both international stature and regional importance. Today, the Museum's holdings of more than 13,845 objects include major works by such European masters as Tiepolo, Constable, Monet, Picasso, and Matisse, among many others. The American art collections are the most comprehensive in northern New England, and include works by Homer, Hassam, O'Keeffe, Calder, and Gottlieb, as well as extensive holdings of sculpture, photography, glass, silver, pewter, and furniture. The caliber of the collections matches that of many major metropolitan museums, and objects are frequently loaned to museums around the world. The Currier has a long-standing commitment to collect the best art made in New Hampshire in order to reflect the region's vital cultural traditions. An annual roster of 4-5 special exhibitions that complements the permanent collection displays are interpreted through a range of programs including guided tours, hands-on art making activities, artist talks, and through such resources as family guides. Approximately 8,075 students visit the Currier each year on a formal tour program. The Art Center offers year-round studio programs with annual enrollments of over 1,750 students from 40 surrounding communities. The Zimmerman House draws about 4,182 visitors annually on guided tours of about 13 visitors each. Outreach programs reach public schools, libraries, social service agencies and community organizations throughout New Hampshire. The Currier's collections are accessible to the public through the online collections database (www.currier.org), which includes images and basic data for all 13,845 objects in the collections. It also provides supplemental information to support the online curriculum for educators (curriculum.currier.org). The Currier's mission, approved by the Board in 1994, embraces the following principles: The Currier Museum of Art is committed to providing stimulating, diverse, and enjoyable encounters with original works of art and, in so doing, hopes to inspire the hearts, minds, and imagination of its members and visitors. It is dedicated to high standards of exhibition, preservation, research, interpretation and education, and enhancement of its collection. The Currier is determined to serve all age groups and a culturally varied audience from New Hampshire and the surrounding region. The Currier's vitality depends upon its responsiveness to changes in the arts and in society while maintaining a sound financial base on which to expand its activities. Part V, Line 4: The endowment funds are used for Museum operations, art acquisition, conservation, library book purchases, and scholarships. Part X, Line 2: The Internal Revenue Service, in a letter dated July 16, 2004, determined that the Museum is a publicly-supported charity under Internal Revenue Code Section 501(c)(3) and, therefore, not subject to federal income taxes or federal excise taxes imposed upon private foundations. Tax-exempt organizations could be required to record an obligation for income taxes as the result of a tax position they have historically taken on various tax exposure items including unrelated business income or tax status. In accordance with accounting principles generally accepted in the United States of America, assets and liabilities are established for uncertain tax positions taken or positions expected to be taken in income tax returns when such positions are judged to not meet the "more-likely-than-not" threshold, based upon the technical merits of the position. Management has evaluated the Museum's tax positions taken on its filed tax returns and concluded that the Museum has maintained its tax-exempt status, does not have any significant unrelated business income and has taken no uncertain tax positions that require adjustment to the financial statements. Part XI, Line 2d - Other Adjustments: Rental Expenses 11,535. Part XII, Line 2d - Other Adjustments: Rental Expenses 11,535. Central America and the Caribbean 0 0 Investments 4967000 0 0 0 0 0 0 4967000 0 4967000 1 0 1 1 0 0 Schedule F, Part IV, Lines 3 & 4: Currier Museum of Art has an ownership interest in several foreign corporate holdings as well as being an indirect shareholder of several passive foreign investment companies (PFIC) by way of their ownership in various alternative investments. The Museum's interest in these foreign corporations did not surpass the filing threshold for Form 5471. Additionally, the Museum had no unrelated business income related to their PFIC interest and therefore is not required to file Form 8621. Gala Dinner 125741 55590 70151 3361 15450 5269 17022 125741 55590 70151 3361 15450 5269 17022 41102 29049 18025 11330 1 0.30000 18025 11330 11330 6695 NH 1 0 1 0 1.00000 0.00000 Sherry Collins CFO 150 Ash Street Manchester NH 03104 0 Paul Staller 0 Raffle tickets were sold through the Development Department under the supervision of the Director of Development (see additional information in Part IV). The Development Director oversaw and organized staff, volunteer, and committee meeetings. Total compensation paid to the Development Director was in his capacity as an employee of the Currier. Services provided in that role were not limited to the raffle event. Because the raffle represented only a very small portion of the services he provided to the Currier, no reasonable basis for the amount of compensation related to gaming services can be established. X 0 1 Scholarships provided to students in need to attend studio art classes 123 26635 Part I, Line 2: Prospective scholarship recipients are required to complete a scholarship application and provide either two copies of wage receipts or their latest tax return (Form 1040). X X X 0 0 0 0 0 0 0 0 0 Susan E Strickler Director & CEO 187985 0 0 0 0 0 4750 0 6017 0 198752 0 0 0 X 76 0 X 8 81146 Stock exchange price 2 0 1 1 Part I, Line 32b: Gifts of securities received are promptly sold through a third-party stockbroker. Part I, Line 33: Part I, Line 1 - The dollar value of gifts of artwork is not reported on Form 990, Part VIII, Line 1g, as the Museum does not capitalize its collections or report them as revenue, as allowed under SFAS 116. Form 990, Part VI, Section B, line 11 The process for review of Form 990: This Form 990 was reviewed in depth by the Finance Committee, the Board Treasurer, Vice President, President, the Director and CEO, and the Director of Finance with the outside CPA firm who prepared the return. The full Board receives a copy of the Form 990 prior to filing; however, the Finance Committee has been authorized by the Board of Trustees to review IRS Form 990 prior to filing in lieu of full Board review. Form 990, Part VI, Section B, line 12c Compliance with the Conflict of Interest Policy: The Currier Museum of Art's conflict of interest policy requires every trustee and officer to disclose any known or potential conflict of interest to the Board President prior to any action, decision, or vote occurring with the potential conflict. The trustee or officer having the potential conflict is not permitted to participate when the determination is made or when a decision or vote is taken where a conflict of interest may exist. Annually, every trustee and officer is required to disclose any conflicts of interest, or attest to the fact that there are none, in writing. The signed statements are sent to the CFO and the statements are reviewed by the Director and CEO and the Board President. No conflicts of interest between the Currier Museum of Art and any member of its Board or officers have existed to date. Form 990, Part VI, Section B, line 15 Determining Officer Compensation: The Board President annually requests from the Director of Operations and Human Resources current and historical compensation for the Director and CEO and key employees (executive staff). A copy of pertinent salary information found in the A.A.M.D. (American Association of Museum Directors) annual salary survey is also made available to the President. Form 990s of other similar organizations are reviewed when determining key employee compensation. An annual performance evaluation of the Director and CEO is done by the Board of Trustees. Evaluations are sent by each Board member to the Board President. During an executive session of the Board of Trustees, the Director and CEO's performance is reviewed and annual compensation is determined. A signed letter from the Board President approving the Director and CEO's compensation is given to the CFO and the Director of Operations and Human Resources. Form 990, Part VI, Section C, line 19 Governing documents, the conflict of interest policy, and financial statements are made available to the public upon request. Copies of these documents are also available to the public in the Currier Library. Form 990, Part XII, Line 2c: Oversight of audit and financial statements: The Finance Committee of the Currier Museum of Art meets annually with its independent audit/CPA firm. This meeting includes an executive session at which the Director and CEO and the CFO are not present. The audit is completed in accordance with auditing standards generally accepted in the United States of America. The draft financial statements and management letter are presented by the CPA and thoroughly reviewed by the Finance Committee. After review and approval by the Finance Committee of the audited financial statements and management letter, the final audit is presented to the full Board for review and approval. This process has not changed from prior years. Currier Winter Garden Cafe LLC 150 Ash Street Manchester NH 03104 020223322 Inactive NH 0 0 Currier Museum of Art