2016-11-15T10:30:35-06:00 2016-06-30 221478099 COHNREZNICK LLP 350 Church Street 12th floor Hartford CT 06103 990 2015-07-01 060653111 WADSWORTH ATHENEUM MUSEUM OF ART WADS 8602782670 600 MAIN STREET HARTFORD CT 06103 cindy martinez CFO 8602782670 2016-11-15 1 PATRICIA MCGOWAN P00184514 9592007000 2015 2017-02-10 21:41:12Z Thomas Loughman 600 MAIN STREET HARTFORD CT 06103 35380071 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. 42 42 92 238 10403 0 16492449 4275730 1381918 1021248 5649139 2540217 226038 227622 23749544 8064817 0 0 0 0 4039451 4062077 0 0 530841 7644797 8338972 11684248 12401049 12065296 -4336232 141952518 132165726 4894557 3986764 137057961 128178962 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 7266566 364248 TOTAL MUSEUM ATTENDANCE for FY 2016 was 102,378.curating and curatorial research FY 2016THE 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 FY2016 COMPRISED THE FOLLOWING:PETER BLUME: NATURE AND METAMORPHOSIS, JULY 3-SEPTEMBER 20, 2015, MARK DION/MATRIX 173: THE WADSWORTH ATHENEUM'S GREAT CHAIN OF BEING, OCTOBER 1, 2015-MAY 1, 2016; WARHOL & MAPPLETHORPE: GUISE & DOLLS, OCTOBER 17, 2015-JANUARY 24, 2016; SOUND & SENSE: POETIC MUSINGS IN AMERICAN ART, NOVEMBER 14, 2015-MAY 15, 2016; 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, AND THE HUMAN TOUCH: SELECTIONS FROM THE RBC WEALTH MANAGEMENT ART COLLECTION, JUNE 25-SEPTEMBER 25, 2016.PERMANENT COLLECTION INSTALLATIONS INCLUDED: VISIONS FROM HOME: SURREALISM IN CONNECTICUT, JULY 3-OCTOBER 18, 2015; DIRECTOR'S CHOICE: ASPECTS OF PORTRAITURE: PHOTOGRAPHS FROM THE WADSWOTH ATHENEUM, JULY 11-DECEMBER 13, 2015; EUROPEAN ART AND DECORATIVE ARTS, OPENED SEPTEMBER 19, 2015; CREATING AN IDENTITY: EUROPEAN POTRAITS FROM THE WORKS ON PAPER COLLECTION AT THE WADSWORTH ATHENEUM, SEPTEMBER 19-DECEMBER 20, 2015; CONNECTIONS GALLERY: MATRIX @ 40: ARTISTS' SELF-PORTRAITS, OCTOBER 28, 2015-APRIL 17, 2016; MINIATURE WORLD IN WHITE GOLD: MEISSEN PORCELAIN BY JOHANN JOACHIM KAENDLER, JANUARY 16, 2016-JANUARY 16, 2017; AND THE END OF INNOCENCE: CHILDHOOD TORMENTS IN THE CONTEMPORARY ART COLLECTION, FEBRUARY 6-AUGUST 14, 2016.CURATORIAL RESEARCH RESULTED IN THE FOLLOWING PUBLICATIONS: Lynne Zacek Bassett, Gothic to Goth: Romantic Era Fashion & Its Legacy (Wadsworth Atheneum Museum of Art, Hartford, Conn., March 2016); Robin Jaffee Frank, "Coney Island Baby," Yale University Art Gallery Bulletin (2015): 118-127; -"Legacy for the Future: The Wadsworth Atheneum Museum of Art," article on the Winter Antiques Show Loan Exhibition, Antiques and Fine Art (Winter/Spring 2016): 172-181; Patricia Hickson, Warhol & Mapplethorpe: Guise & Dolls (Yale University Press and the Wadsworth Atheneum Museum of Art, Hartford, Conn., October 2015). Patricia Hickson, editor and lead author; with essays by Vincent Fremont, Jonathan D. Katz, Tirza True Latimer, Christopher Makos, Eileen Myles, and Maria Luisa Pacelli; -"The Great Chain of Being," Mark Dion / MATRIX 173 / The Wadsworth Atheneum's Great Chain of Being, exhibition brochure (Wadsworth Atheneum Museum of Art, Hartford, Conn., October 2015); -"Stop Shooting. We Love You.," Vanessa German / MATRIX 174 / i come to do a violence to the lie, exhibition brochure (Wadsworth Atheneum Museum of Art, Hartford, Conn., June 2016); Vanessa Sigalas, A Closer Look. The Narwhal Cup, exhibition brochure (Wadsworth Atheneum Museum of Art, Hartford, Conn., September 2015); Oliver Tostmann, "An 'Inordinate' Passion? Carlo Crivelli and His Reception in America, Ornament and Illusion: Carlo Crivelli of Venice, ed. by Stephen J. Campbell, exhibition catalogue (Isabella Stewart Gardner Museum, Boston, 2015): 112-131; and -"Bernard Berenson and America's Discovery of Sandro Botticelli," Botticelli Reimagined, ed. by Mark Evans and Stefan Weppelmann, exhibition catalogue (Victoria & Albert Museum, London, 2015): 106-109. 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 FY2016, FORTY-EIGHT (48) WORKS OF ART WERE APPROVED FOR LOANS TO THIRTY-EIGHT (38) INSTITUTIONS IN THE UNITED STATES, CANADA, EUROPE, AND ASIA. DURING FY2016, 2 WORKS OF ART WERE LENT to the traveling exhibition Coney Island: Visions of an American Dreamland, 1861-2008 which traveled to the San Diego Museum of Art, San Diego, CA from July 11-Oct. 13, 2015; Brooklyn Museum, Brooklyn, NY from Nov. 20, 2015-March 13, 2016 and the McNay Art Museum, San Antonio, TX from May 11-Sep. 11, 2016.FINALLY, CURATORS, THROUGH PURCHASES, GIFTS, AND BEQUESTS ACQUIRED 35 WORKS OF ART FOR THE COLLECTION, INCLUDING: ONE (1) AMERICAN PRINT; FOUR (4) CONTEMPORARY PAINTINGS; FOUR (4) CONTEMPORARY PHOTOGRAPHIC WORKS (ONE OF WHICH COMPRISES 125 FRAMED PHOTOGRAPHS); SEVEN (7) CONTEMPORARY PRINTS; SIX (6) CONTEMPORARY SCULPTURES; ELEVEN (11) COSTUME ITEMS; ONE (1) EUROPEAN PAINTING; ONE (1) EUROPEAN DECORATIVE ART OBJECT. 725477 427967 Education FY 16 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 36% of the Museum's annual attendance of 102,378 and involved numerous partners. Adult programs investigated major exhibitions Warhol & Mapplethorpe: Guise and Dolls and Gothic to Goth: Romantic Era Fashion & Its Legacy, exploring art historical and sociocultural movements as well as the artists behind them. The opening of the Art and Curiosity Cabinet provided an opportunity to consider the historic origins of the modern museum and the practice of collecting with faculty from across the country. The reinstallation of the museum's European galleries was a highlight of the year, encouraging record attendance at our Envisionfest Community Day with extensive public programming. Over 18,000 students, teachers, families and adults participated in 1,450 guided tours with one of the museum's 92 docents. The monthly free Second Saturdays for Families program has now attracted over 40,000 visitors since it was conceived in 2009 as a means of encouraging active intergenerational learning in a museum setting. A special Artist Residency with MATRIX 174 artist Vanessa German deeply engaged students from several Hartford public schools and youth-serving non-profits in performance activities, writing, and art-making workshops. 1736715 452617 OTHER PROGRAM EXPENSES: MARKETING & PUBLIC RELATIONS 596,575CAFE, SHOP AND THEATER 744,220MEMBERSHIP 112,224OTHER 283,696 9728758 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 0 1 0 0 0 0 0 0 0 1 99 0 1 92 1 1 1 0 0 0 0 1 1 0 0 0 0 X 42 42 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 VP, chair, facilities comm 1.00 X X 0 0 0 DANIEL FINKE TRUSTEE 1.00 X 0 0 0 DAVID JEPSON TRUSTEE 1.00 X 0 0 0 David R McHale trustee 1.00 X 0 0 0 DAVID W DANGREMOND President 1.00 X X 0 0 0 Deanna Fidler outgoing trustee 1.00 X 0 0 0 Duffield Ashmead VP CHAIR 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 trustee 1.00 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 trustee 1.00 X 0 0 0 karen cronin wheat VP, Chair Institutional Advancement 1.00 X X 0 0 0 LAURA MCINTYRE 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 ASSISTANT SECRETARY 1.00 X X 0 0 0 Matthew Schaefer Investment Committee Chair 1.00 X 0 0 0 MEDINA JETT TRUSTEE 1.00 X 0 0 0 Michael Klein Trustee 1.00 X 0 0 0 Robert C Hobbs Trustee 1.00 X 0 0 0 samuel R Peterson trustee 1.00 X 0 0 0 SUSAN A ROTTNER VICE PRESIDENT, Chair, Gov AND COMPENSATION 1.00 X X 0 0 0 SUSAN BLAIR TRUSTEE 1.00 X 0 0 0 Susan Chandler Chair Austin House 1.00 X 0 0 0 THOMAS MCEACHIN 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 Cindy Martinez CFO 35.00 X 125312 0 3181 SUSAN TALBOTT DIRECTOR AND CEO THRU 1/16 35.00 X 323114 0 36849 THOMAS LOUGHMAN DIRECTOR AND CEO 2/16 35.00 X 40000 0 0 488426 0 40030 2 0 1 0 CONSIGLI CONSTRUCTION CO INC 100 Allyn Street 4th Floor Hartford CT 06103 Construction 997491 Securitas Security Services USA Inc PO Box 403412 Atlanta GA 30384 Security 954277 Artex Inc 8712 Jericho city Drive Landover MD 207854761 Shipping 369022 Healthy Source Catering 600 Main St Hartford CT 06103 Food Vending Services 181840 HITCHCOCK PRINTING & DISTRIBUTION SERVIC 191 JOHN DOWNEY DRIVE NEW BRITAIN CT 06051 PRINTING 124419 5 431519 30880 49960 3763371 21025 4275730 EXHIBITION FEES 900099 427967 427967 ADMISSION REVENUE 900099 364248 364248 Auxiliary and other activities 453220 229033 218630 10403 1021248 1931267 1931267 27768010 27159060 608950 608950 608950 36331 30880 42696 -6365 -6365 286466 113498 172968 172968 Miscellaneous Revenue 900099 61019 61019 61019 8064817 1244832 10403 2533852 541597 312228 195535 33834 2881223 1648183 1052286 180754 103031 64898 32024 6109 264709 152174 101574 10961 271517 185589 65093 20835 20387 20387 69335 69335 443294 443294 847859 541405 135881 170573 132569 131479 1090 322889 283570 27127 12192 190674 185535 4760 379 981553 815000 164150 2403 126327 110150 16022 155 88942 87787 1155 54979 54979 1700818 1619860 74988 5970 Purchase of art 1281074 1281074 security 935187 881948 38644 14595 Service expenses 595193 543346 41218 10629 event expenses 360579 285778 36438 38363 187313 155460 8764 23089 12401049 9728758 2141450 530841 762674 138774 3283494 1505638 2122642 1186389 134563 37979 439504 274123 47817648 17006267 31407217 30811381 44862569 42870064 55296652 51504714 3643203 3836664 141952518 132165726 1171764 622375 563063 576194 3159730 2788195 4894557 3986764 X 44683824 42921709 55158162 48494944 37215975 36762309 137057961 128178962 141952518 132165726 X -4336232 -4270995 -271772 X X 0 1 X 1 1 1 X 5686185 10785695 13297896 16399574 4275730 50445080 5686185 10785695 13297896 16399574 4275730 50445080 9002946 41442134 1182525 1076272 1858175 2084793 1931267 8133032 40818 325819 277086 493818 97350 1234891 59813003 7517258 0.69290 0.69250 X Schedule A, Part II, Line 10, Explanation of Other Income: SPECIAL EVENTS - 2011 Amount: $ 40,818. 2012 Amount: $ 325,819. 2013 Amount: $ 277,086. 2014 Amount: $ 478,612. 2015 Amount: $ 36,331. 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 97792771 748797 -1730761 5047374 91763433 100786375 555671 1448959 4998234 97792771 86103039 10061247 12686619 7634526 430004 100786375 83971490 1500278 8477148 7373651 472226 86103039 88964640 1149146 658116 6400661 399751 83971490 0.15260 0.33480 0.51260 1 0 44055770 13498751 30557019 3761878 3507516 254362 30811381 DEBT SECURITIES 26475709 F INVESTMENTS HELD IN TRUST BY OTHERS 6035998 F SHORT TERM INVESTMENTS 18993007 F 51504714 X 3234950 -4270995 -271772 -4542767 7777717 443294 -156194 287100 8064817 12113949 156194 156194 11957755 443294 443294 12401049 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 more than 45,000 objects 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 for the use of operational, exhibition, and programming support, as well as the purchase of works of art. Part X, Line 2: The Museum has no unrecognized tax benefits at June 30, 2016. The Museum's U.S. Federal and state information returns prior to fiscal year 2013 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 -271,772. Part XI, Line 4b - Other Adjustments: Fundraising -42,696. cost of good sold -113,498. Part XII, Line 2d - Other Adjustments: FUNDRAISING EXPENSES 42,696. cost of goods sold 113,498. GOLF TOURNAMENT 67211 30880 36331 35360 971 6365 67211 30880 36331 35360 971 6365 42696 -6365 X 1 1 X X X X 0 0 0 0 0 0 0 1 0 SUSAN TALBOTT DIRECTOR AND CEO THRU 1/16 312639 0 0 0 10475 0 18000 0 18849 0 359963 0 0 0 Part I, Line 7 board approved bonuses paid in fiscal year 2016. 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 873011 3661206 42942 3661206 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 16 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 11 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 Museum management monitors compliance by annually distributing the conflict of interest policy and requiring all employees to complete a conflict of interest form which discloses all interests. Management reviews each form and determines if any disclosures pose any conflicts. If Management determines there might be a conflict, the audit committee of the Board would be informed. Form 990, Part VI, Section B, line 15 CEO/DIRECTOR THE PRESIDENT OF THE BOARD OF TRUSTEES WORKS WITH THE COMPENSATION COMMITTEE, A SUB COMMITTEE OF THE EXECUTIVE COMMITTEE,TO DETERMINE THE SALARY AND BENEFIT PACKAGE FOR THE CEO/DIRECTOR. THE CANDIDATE'S QUALIFICATIONS AND EXPERIENCE ARE TAKEN INTO CONSIDERATION IN DETERMINING THE COMPENSATION PACKAGE. ANNUALLY, THE COMPENSATION COMMITTEE PROVIDES THE DIRECTOR A PERFORMANCE EVALUATION WHICH IS USED TO DETERMINE MERIT INCREASE OR BONUS. THE COMPENSATION COMMITTEE ALSO CONSIDERS COMPENSATION DATA FROM THE ASSOCIATION OF ART MUSEUM DIRECTORS (AAMD) SALARY SURVEY AND SURVEYS OF LOCAL, SIMILARLY-SIZED NOT FOR PROFIT ORGANIZATIONS. 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 -271,772. FORM 990, PART XII, LINE 2C THERE HAVE BEEN NO CHANGES MADE TO THE ORGANIZATION'S OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR.