2016-05-10T13:53:13-05:00 2015-06-30 131655065 LUTZ AND CARR CPAS LLP 300 EAST 42ND STREET NEW YORK NY 10017 990 2014-07-01 131789318 WHITNEY MUSEUM OF AMERICAN ART WHIT 2125703600 99 GANSEVOORT STREET NEW YORK NY 10014 JOHN STANLEY CHIEF OPERATING OFFICER 2126711820 2016-05-06 1 FREDERICK MARTENS P00298107 2126972299 2014 2016-08-17 19:52:53Z JOHN STANLEY 99 GANSEVOORT STREET NEW YORK NY 10014 184177000 0 X WHITNEY.ORG X 1926 NY THE WHITNEY MUSEUM OF AMERICAN ART IS A MUSEUM DEVOTED TO AMERICAN ART OF THE 20TH AND 21ST CENTURIES. IN MAY 2015, THE MUSEUM OPENED A NEW, 210,000 SQUARE FOOT BUILDING IN DOWNTOWN MANHATTAN. LOCATED ON GANSEVOORT STREET BETWEEN WEST STREET AND THE HIGH LINE, THE NEW BUILDING, DESIGNED BY PRIZE-WINNING ARCHITECT RENZO PIANO, PROVIDES THE WHITNEY WITH ESSENTIAL NEW SPACE FOR ITS PERMANENT COLLECTION, TEMPORARY EXHIBITIONS, PERFORMING ARTS AND EDUCATION PROGRAMS IN ONE OF NEW YORK'S MOST VIBRANT NEIGHBORHOODS. 50 49 450 203 143000 63700 161151000 89854000 4320000 7060000 13063000 2008000 73000 1919000 178607000 100841000 50000 50000 0 0 19393000 25451000 272000 207000 7151000 22989000 40495000 42704000 66203000 135903000 34638000 853444000 888573000 170203000 156119000 683241000 732454000 X THE WHITNEY SEEKS TO BE THE DEFINING MUSEUM OF 20TH AND 21ST CENTURY AMERICAN ART. THE MUSEUM COLLECTS, EXHIBITS, PRESERVES, RESEARCHES AND INTERPRETS ART OF THE U.S. IN THE BROADEST GLOBAL, HISTORICAL AND INTERDISCIPLINARY CONTEXTS. AS THE PREEMINENT ADVOCATE FOR AMERICAN ART, WE FOSTER THE WORK OF LIVING ARTISTS AT CRITICAL MOMENTS IN THEIR CAREERS. THE WHITNEY EDUCATES A DIVERSE PUBLIC THROUGH DIRECT INTERACTION WITH ARTISTS, OFTEN BEFORE THEIR WORK HAS ACHIEVED GENERAL ACCEPTANCE. 0 0 33483000 50000 6970000 COLLECTION AND EXHIBITIONS OF AMERICAN ART:THE WHITNEY MUSEUM OF AMERICAN ART PRESENTED 6 EXHIBITIONS IN FY15, THE YEAR DURING WHICH IT MOVED FROM ITS LONGTIME HOME ON MADISON AVENUE TO A NEW FACILITY IN THE MEATPACKING DISTRICT. THESE INCLUDED: JEFF KOONS: A RETROSPECTIVE (JUNE 27 OCTOBER 19, 2014), EDWARD HOPPER AND PHOTOGRAPHY/COLLECTING CALDER (JULY 17-OCTOBER 19, 2014), SHAPING A COLLECTION: FIVE DECADES OF GIFTS (JULY 17-OCTOBER 19, 2014), MARY HEILMANN: SUNSET (MAY 1-SEPTEMBER 27, 2015), THE BUILDING-WIDE AMERICA IS HARD TO SEE (MAY 1-SEPTEMBER 27, 2015), AND YUJI AGEMATSU: WALK ON A,B,C, (MAY 6-11, 2015). AS PART OF AMERICA IS HARD TO SEE, THE WHITNEY PRESENTED SCREENINGS ON FRIDAYS-SUNDAYS, OFFERING 18 FILM PROGRAMS BEFORE JUNE 30, 2015, ORGANIZED THEMATICALLY, THAT MINED THE COLLECTION AROUND SUCH THEMES AS THE ART OF VISION, BEAT LIFE, STREET LIFE, HENRY GELDZAHLER, NORMAL LOVE, AND MORE. A NEW SERIES OF OUTDOOR ART SHOWN ACROSS THE STREET FROM THE MUSEUM INCLUDED: ALEX KATZ: KATHERINE AND ELIZABETH (OCTOBER 3, 2014-APRIL 5, 2015), AND MICHELE ABELES: BABY CARRIAGE ON BIKE OR RIOT SHIELD AS CARRIAGE (APRIL 6-NOVEMBER 22, 2015). THE MUSEUM ALSO PRESENTED TOURING EXHIBITIONS AT DOMESTIC AND INTERNATIONAL VENUES, INCLUDING T.J. WILCOX: IN THE AIR (GRAND RAPIDS ART MUSEUM, MICHIGAN) AND JEFF KOONS: A RETROSPECTIVE (CENTRE POMPIDOU, PARIS; GUGGENHEIM MUSEUM, BILBAO).PERFORMANCES AT THE MUSEUM INCLUDED: KASSEL JAEGER AND AKIRA RABELAIS (SEPTEMBER 14, 2014), MORTAL KOMBAT: ARIANA REINES AND JIM FLETCHER WITH EDLEY ODOWD (OCTOBER 16, 2014), RUMORS (NOVEMBER 13-JANUARY 5, 2015), DAVID ROSENBOOM: PROPOSITIONAL MUSIC (MAY 22-24, 2015), AND ANYWHERE IN TIME: A CONLON NANCARROW FESTIVAL (JUNE 16-28, 2015). 13823000 90000 CURATORIAL AND RELATED SUPPORT:IN ADDITION TO THE COLLECTION-BASED AND SPECIAL EXHIBITIONS SHOWN AT THE WHITNEY'S BREUER BUILDING ON MADISON AVENUE, THE MAJOR CURATORIAL PROJECT OF FY15 WAS TO PREPARE AND INSTALL THE WHITNEY'S PERMANENT COLLECTION FOR ITS PRESENTATION IN THE INAUGURAL EXHIBITION AT THE WHITNEY'S NEW DOWNTOWN HOME, AMERICA IS HARD TO SEE. THIS EXHIBITION WAS THE CULMINATION OF YEARS OF RESEARCH AND PLANNING, ASSESSING THE OBJECTS IN THE COLLECTION, EVALUATING STRENGTHS AND WEAKNESSES IN TERMS OF A DEDICATION TO REFLECTING THE BREADTH OF AMERICAN HISTORY AND EXPERIENCE, AND SELECTING THE MORE THAN 600 WORKS TO SHOW. WORK IS ONGOING TO DIGITIZE THE MUSEUM'S SPECIAL COLLECTIONS, PART OF THE INCREASING SCOPE OF THE CONSERVATION TEAM IN ITS GREATLY ENLARGED FACILITY. A MAJOR STEP WAS TO PUT THE ENTIRE PERMANENT COLLECTION ON-LINE IN JANUARY 2015, MAKING IT AVAILABLE AND SEARCHABLE TO PEOPLE AROUND THE WORLD. AND IN APRIL 2015, THE MUSEUM PUBLISHED ITS FIRST UPDATE OF ITS COLLECTION HANDBOOK SINCE 2001, FEATURING 350 ARTISTS WORKING IN A RANGE OF MEDIA. THE NEW BUILDING IS NOW ABLE TO HOLD IMPORTANT PIECES OF THE LIBRARY AND SPECIAL COLLECTIONS ON SITE AS WELL AS ABOUT 15,000 WORKS ON PAPER THAT ARE STORED IN THE SONDRA GILMAN STUDY CENTER, SUBSTANTIALLY INCREASING ACCESS TO THEM FOR CURATORS AND SCHOLARS. THE GILMAN STUDY CENTER WAS CONCEIVED FOR CROSS-MEDIUM, CROSS-DISCIPLINARY RESEARCH, ALLOWING ACCESS TO THE COLLECTION AND CLOSE MATERIAL AND TECHNICAL EXAMINATION OF OBJECTS BY MUSEUM STAFF, AS WELL AS BY ARTISTS, SCHOLARS, AND RESEARCHERS. AS SUCH, THE GILMAN STUDY CENTER IS A FUNDAMENTAL RESOURCE FOR HISTORIANS AND CURATORS OF MODERN AND CONTEMPORARY ART, MAKING THE WHITNEY'S WORLD-CLASS HOLDINGS AVAILABLE FOR PRIMARY RESEARCH AND IN-DEPTH CONSULTATION FOR THE FIRST TIME IN ITS HISTORY. THE WHITNEY ALSO CONTINUED TO PREPARE FOR THE UPCOMING EXHIBITIONS BEYOND FY15, UNDERSTANDING THAT THE LARGER SCALE OF THE BUILDING WOULD REQUIRE MORE WORK TO FILL WITH THE HIGH QUALITY, ARTIST-DRIVEN EXHIBITIONS AT THE HEART OF THE WHITNEY'S MISSION THAT MAKE USE OF ITS LARGER SPACES BUT ALSO THE NEW POSSIBILITIES OFFERED BY OUTDOOR TERRACES, A THEATER AND BLACK BOX, AND MORE. 3160000 EDUCATION PROGRAMS:IN FY15, THE EDUCATION DEPARTMENT MOVED DOWNTOWN TO THE WHITNEY'S NEW BUILDING AT 99 GANSEVOORT STREET. DURING THE FINAL EXHIBITION AT THE BREUER BUILDING, JEFF KOONS: A RETROSPECTIVE, THE WHITNEY EDUCATION DEPARTMENT SERVED VISITORS THROUGH SCHOOL & EDUCATOR PROGRAMS, PUBLIC PROGRAMS, SENIOR PROGRAMS, FAMILY PROGRAMS, TEEN PROGRAMS, COMMUNITY PROGRAMS, AND INTERPRETATION PROGRAMS. THE WHITNEY OFFERED FREE TOURS OF THE EXHIBITION, GUIDED VISITS FOR SCHOOLS, TEEN PROGRAMS WITH ARTISTS-IN-RESIDENCE, FAMILY ART WORKSHOPS AND FAMILY DAY PROGRAMS, SIGN LANGUAGE AND TOUCH TOURS, EVENING PUBLIC PROGRAMS PLANNED IN COLLABORATION WITH JEFF KOONS, ON-LINE EXHIBITION-RELATED CONTENT AND A MULTIMEDIA GUIDE THROUGH THE END OF THE EXHIBITION IN OCTOBER 2014. WHILE THE WHITNEY MUSEUM PREPARED TO OPEN IN ITS NEW BUILDING IN THE SPRING OF 2015, THE EDUCATION DEPARTMENT LAUNCHED A PROGRAM DESIGNED TO SERVE AND ENGAGE ITS DIVERSE AND GROWING AUDIENCES. DEEP ATLAS, A COLLABORATIVE ART PROJECTED ORGANIZED BY THE WHITNEY EDUCATION DEPARTMENT AND COMMUNITY ARTIST-IN-RESIDENCE LIZE MOGEL, BROUGHT TOGETHER TEENS, COMMUNITY ORGANIZATIONS, AND SCHOOLS TO EXPLORE MAPPING AND MAP-MAKING IN THE CONTEXT OF THE WHITNEY'S NEW SITE. FROM JANUARY MAY 2015, WHITNEY EDUCATORS FACILITATED MAP-BASED ART PROJECTS WITH NINETEEN DIFFERENT ORGANIZATIONS AND SCHOOLS SERVING OVER 450 PARTICIPANTS. ON MAY 1, 2015, THE WHITNEY MUSEUM OPENED THE LAURIE M. TISCH EDUCATION CENTER. FOR THE FIRST TIME IN ITS HISTORY THE WHITNEY HAS A DEDICATED SPACE FOR EDUCATION. THE CENTER INCLUDES A DEDICATED STUDIO SPACE FOR HANDS-ON ART MAKING WORKSHOPS, A SEMINAR ROOM FOR COURSES AND OTHER PROGRAMS, AND IS ADJACENT TO A MULTI-PURPOSE THEATER SPACE. THESE NEW SPACES ENABLE WHITNEY EDUCATION TO EXPAND ITS OFFERINGS ACROSS PROGRAM AREAS, ENRICHING THE MUSEUM'S PUBLIC PROGRAMS, FAMILY PROGRAMS, SCHOOL PROGRAMS, AND TEEN PROGRAMS. DURING THE MUSEUM'S OPENING WEEKEND, WHITNEY EDUCATION COLLABORATED WITH THE CURATORIAL DEPARTMENT TO CREATE A FREE LARGE-SCALE BLOCK PARTY TO CELEBRATE THE NEW WHITNEY WITH ITS NEIGHBORS AND COMMUNITY. A DIVERSE GROUP OF ARTISTS AND COMMUNITY ORGANIZATIONS CREATED INTERACTIVE INSTALLATIONS, ACTIVITIES, AND WORKSHOPS. ADDITIONALLY, A FULL PROGRAM OF PERFORMANCES TOOK PLACE ON A MAIN STAGE WHERE WE FEATURED ARTIST AND COMMUNITY GROUPS ALIKE. MORE THAN 10,000 PEOPLE ATTENDED THE OPENING BLOCK PARTY. TO CONTINUE THE CELEBRATION THROUGHOUT THE FIRST FOUR MONTHS AFTER OPENING, THE DEPARTMENT ORGANIZED A PUBLIC PROGRAM, 99 OBJECTS, FOR THE FIRST 99 DAYS AFTER OPENING. NAMED IN HONOR OF THE WHITNEY'S NEW ADDRESS, 99 GANSEVOORT STREET, 99 OBJECTS WAS A SERIES OF IN-GALLERY PROGRAMS FOCUSED ON 99 DIFFERENT WORKS OF ART FROM THE MUSEUM'S COLLECTION ON VIEW IN AMERICA IS HARD TO SEE. SPEAKERS INCLUDED ARTISTS, WRITERS, WHITNEY CURATORS, AND EDUCATORS, AND AN INTERDISCIPLINARY GROUP OF SCHOLARS. FOR MORE INFORMATION ABOUT WHITNEY EDUCATION, PLEASE VISIT WHITNEY.ORG/EDUCATION. 1255000 668000 PUBLICATION AND RETAIL:MUSEUM RELATED AUXILLARY SERVICES THAT PROVIDE PRODUCTS RELATED TO THE MUSEUM'S COLLECTION AND EXHIBITIONS. 1255000 668000 51721000 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 0 1 0 0 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 99 0 1 450 1 1 1 0 0 0 0 1 1 0 0 0 0 X 50 49 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 1 0 AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS NH NJ NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X X ID ARUEDE CHIEF FINANCIAL OFFICER 2126711820 99 GANSEVOORT STREET NEW YORK NY 10014 ADAM D WEINBERG ALICE PRATT BROWN DIRECTOR 35.00 X X 756495 0 113377 ROBERT J HURST CO-CHAIRMAN 1.00 X X 0 0 0 BROOKE GARBER NEIDICH CO-CHAIRMAN 1.00 X X 0 0 0 MELVA BUCKSBAUM VICE CHAIRMAN 1.00 X X 0 0 0 WARREN B KANDERS VICE CHAIRMAN 1.00 X X 0 0 0 SCOTT RESNICK VICE CHAIRMAN 1.00 X X 0 0 0 LAURIE M TISCH VICE CHAIRMAN 1.00 X X 0 0 0 NEIL G BLUHM PRESIDENT 1.00 X X 0 0 0 PAMELLA G DEVOS VICE PRESIDENT 1.00 X X 0 0 0 BETH RUDIN DEWOODY VICE PRESIDENT 1.00 X X 0 0 0 SUSAN K HESS VICE PRESIDENT 1.00 X X 0 0 0 PAUL C SCHORR IV VICE PRESIDENT 1.00 X X 0 0 0 FERN KAYE TESSLER VICE PRESIDENT 1.00 X X 0 0 0 RICHARD M DEMARTINI TREASURER 1.00 X X 0 0 0 NANCY CARRINGTON CROWN SECRETARY 1.00 X X 0 0 0 STEVEN AMES TRUSTEE 1.00 X 0 0 0 J DARIUS BIKOFF TRUSTEE 1.00 X 0 0 0 DAVID CAREY TRUSTEE 1.00 X 0 0 0 JOANNE LEONHARDT CASSULLO TRUSTEE 1.00 X 0 0 0 RICHARD M CHANG TRUSTEE 1.00 X 0 0 0 HENRY CORNELL TRUSTEE 1.00 X 0 0 0 FREDERIC CUMENAL TRUSTEE 1.00 X 0 0 0 FIONA IRVING DONOVAN TRUSTEE 1.00 X 0 0 0 FAIRFAX DORN TRUSTEE 1.00 X 0 0 0 LISE EVANS TRUSTEE 1.00 X 0 0 0 VICTOR F GANZI TRUSTEE 1.00 X 0 0 0 HENRY LOUIS GATES JR TRUSTEE 1.00 X 0 0 0 PHILIP H GEIER JR TRUSTEE 1.00 X 0 0 0 ROBERT B GOERGEN TRUSTEE 1.00 X 0 0 0 SONDRA GILMAN GONZALEZ-FALLA TRUSTEE 1.00 X 0 0 0 JAMES A GORDON TRUSTEE 1.00 X 0 0 0 ANNE DIAS GRIFFIN TRUSTEE 1.00 X 0 0 0 KENNETH C GRIFFIN TRUSTEE 1.00 X 0 0 0 GEORGE S KAUFMAN TRUSTEE 1.00 X 0 0 0 EMILY FISHER LANDAU TRUSTEE 1.00 X 0 0 0 RAYMOND J LEARSY TRUSTEE 1.00 X 0 0 0 JONATHAN O LEE EX OFFICIO 1.00 X 0 0 0 MIYOUNG LEE TRUSTEE 1.00 X 0 0 0 THOMAS H LEE TRUSTEE 1.00 X 0 0 0 RAYMOND J MCGUIRE TRUSTEE 1.00 X 0 0 0 PETER NORTON TRUSTEE 1.00 X 0 0 0 JOHN C PHELAN TRUSTEE 1.00 X 0 0 0 NANCY POSES TRUSTEE 1.00 X 0 0 0 DONNA PERRET ROSEN TRUSTEE 1.00 X 0 0 0 RICHARD D SEGAL TRUSTEE 1.00 X 0 0 0 JONATHAN S SOBEL TRUSTEE 1.00 X 0 0 0 ANNE-CECILIE ENGELL SPEYER TRUSTEE 1.00 X 0 0 0 THOMAS E TUFT TRUSTEE 1.00 X 0 0 0 FRED WILSON TRUSTEE 1.00 X 0 0 0 DAVID W ZALAZNICK TRUSTEE 1.00 X 0 0 0 JOHN S STANLEY CHIEF OPERATING OFFICER 35.00 X 382011 0 49559 IDEHEN ARUEDE CHIEF FINANCIAL OFFICER 35.00 X 203140 0 12206 NICHOLAS S HOLMES GENERAL COUNSEL/ASSISTANT SECRETARY 35.00 X 152355 0 40197 DONNA M DESALVO CHIEF CURATOR & DEP. DIR. 35.00 X 345831 0 54386 ALEXANDRA WHEELER DEPUTY DIRECTOR FOR DEVELOPMENT 35.00 X 305303 0 60514 JEFFREY E LEVINE CHIEF MARKETING & COMMUNIC. OFFICER 35.00 X 206973 0 23222 STEPHANIE ADAMS DIRECTOR-INDIVIDUAL & PLANNED GIVING 35.00 X 193727 0 43693 CHRISTY L PUTNAM ASSOCIATE DIRECTOR FOR EXHIBITIONS 35.00 X 184157 0 80793 CAROL C MANCUSI-UNGARO ASSOC. DIR. CONSERVATION & RESEARCH 35.00 X 218183 0 47550 KATHRYN A POTTS ASSOCIATE DIRECTOR - EDUCATION 35.00 X 167574 0 29776 AMY ROTH CHIEF PLANNING OFFICER 35.00 X 167276 0 13496 DAVID SELIMOSKI ENGINEER 35.00 X 146157 0 37819 SCOTT ROTHKOPF CURATOR 35.00 X 288241 0 21766 3717423 0 628354 55 0 1 0 TURNER CONSTRUCTION COMPANY 375 HUDSON STREET 6TH FLOOR NEW YORK NY 10014 CONSTRUCTION SERVICES 8626191 COOPER ROBERTSON & PARTNERS 311 WEST 43RD STREET NEW YORK NY 10036 ARCHITECTURAL SERVICES 1502642 MASTERPIECE INTERNATIONAL 39 BROADWAY SUITE 1410 NEW YORK NY 10006 ART SHIPPING/ HANDLING 1226925 GARDINER & THEOBALD INC 317 MADISON AVENUE NEW YORK NY 10017 CONSTRUCTION SERVICES 1148081 GREY GROUP 200 FIFTH AVENUE NEW YORK NY 10010 ADVERTISING 968984 51 7293000 3699000 8099000 70763000 2434000 89854000 ADMISSION INCOME 900099 6688000 6688000 TRAVELING EXHIBITIONS 900099 282000 282000 LOAN FEES 900099 90000 90000 7060000 1256000 -20000 1276000 172000 172000 1253000 218000 1035000 1035000 1035000 81692000 80940000 752000 752000 752000 681000 3699000 681000 0 2165000 1497000 668000 505000 163000 RESTAURANT INCOME 900099 173000 173000 MISCELLANEOUS INCOME 900099 72000 72000 INSURANCE PROCEEDS,NET 900099 -201000 -201000 44000 100841000 7565000 143000 3279000 50000 50000 4555000 1768000 1702000 1085000 16049000 11744000 1884000 2421000 1283000 910000 218000 155000 2299000 1483000 491000 325000 1265000 867000 204000 194000 217000 217000 233000 233000 207000 207000 453000 453000 807000 478000 10000 319000 1182000 1155000 15000 12000 686000 180000 41000 465000 357000 270000 36000 51000 3684000 3350000 271000 63000 493000 249000 120000 124000 855000 855000 2943000 2221000 301000 421000 847000 639000 87000 121000 PRE-CONSTRUCTION COSTS 16848000 16848000 EXHIBITION EXPENSE 4656000 4656000 ART ACQUISTIONS 3628000 3628000 OTHER EXPENSES 2606000 1225000 193000 1188000 66203000 51721000 7331000 7151000 21897000 15142000 6940000 128795000 130190000 2221000 1275000 1554000 1715000 316076000 4475000 436680000 22270000 37751000 414410000 103930000 86194000 234280000 235172000 853444000 888573000 28883000 16448000 1998000 3676000 134175000 133050000 5147000 2945000 170203000 156119000 X 113517000 336710000 366579000 175284000 203145000 220460000 683241000 732454000 853444000 888573000 X 34638000 10836000 3739000 X 0 1 X 1 0 X 62061000 45961000 84331000 161151000 89854000 443358000 62061000 45961000 84331000 161151000 89854000 443358000 50071249 393286751 2145000 2171000 2040000 1798000 2701000 10855000 65000 65000 47000 156000 565000 -143000 44000 669000 454947000 26774000 0.86450 0.86700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 94000 0 0 94000 0 PART II-B, LINE 1: LOBBYING ACTIVITIES CONSIST OF PAYMENTS TO A CONSULTANT TO ASSIST IN PREPARING MATERIALS AND CONDUCTING MEETINGS TO GAIN FUNDING FOR THE MUSEUM'S CAPITAL PROJECTS IN CITY AND STATE BUDGETS. X X X X 1 281355000 17315000 11793000 10750000 299713000 233366000 26984000 31184000 10179000 281355000 206104000 7893000 28968000 9599000 233366000 207326000 3383000 3840000 8445000 206104000 185574000 2853000 24843000 5944000 207326000 0.06830 0.73560 0.19610 0 0 34603000 34603000 378842000 16818000 362024000 1934000 1934000 0 21301000 3518000 17783000 414410000 MONEY MARKET FUNDS 5755000 F EQUITY INVESTMENT FUNDS 95880000 F ALTERNATIVE INVESTMENTS : MULTI-STRATEGY & OTHER 59290000 F EQUITY LONG/SHORT 57230000 F REAL ASSETS 10985000 F PRIVATE EQUITY 6032000 F 235172000 ACCRUED PENSION OBLIGATION 2945000 2945000 114963000 10836000 3739000 14575000 100388000 453000 453000 100841000 65750000 0 65750000 453000 453000 66203000 PART III, LINE 1A: THE MUSEUM HAS AN EXTENSIVE COLLECTION OF ART, INCLUDING PAINTINGS, SCULPTURE, PHOTOGRAPHS, DRAWINGS, PRINTS, AND FILMS AND VIDEOS. THE COLLECTION IS MAINTAINED UNDER THE CARE OF THE REGISTRATION DEPARTMENT STAFF AND IS HELD FOR RESEARCH, EDUCATION AND PUBLIC EXHIBITION IN FURTHERANCE OF PUBLIC SERVICE, RATHER THAN FOR FINANCIAL GAIN. PROCEEDS FROM THE SALE OF COLLECTION ITEMS ARE USED TO ACQUIRE OTHER ITEMS FOR THE COLLECTION. THE MUSEUM DOES NOT INCLUDE EITHER THE COST OR THE VALUE OF ITS COLLECTION IN THE STATEMENT OF FINANCIAL POSITION, NOR DOES IT RECOGNIZE GIFTS OF COLLECTION ITEMS AS REVENUES IN THE STATEMENT OF ACTIVITIES. SINCE ITEMS ACQUIRED FOR THE COLLECTION BY PURCHASE ARE NOT CAPITALIZED, THE COST OF THOSE ACQUISITIONS IS REPORTED AS DECREASES IN NET ASSETS IN THE STATEMENT OF ACTIVITIES. PART III, LINE 4: THE WHITNEY MUSEUM OF AMERICAN ART SEEKS TO BE THE DEFINING MUSEUM OF THE 20TH & 21ST CENTURY AMERICAN ART. THE MUSEUM COLLECTS, EXHIBITS, PRESERVES, RESEARCHES AND INTERPRETS ART OF THE UNITED STATES IN THE BROADCAST GLOBAL, HISTORICAL AND INTERDISCIPLINARY CONTEXTS. AS THE PREEMINENT ADVOCATE FOR AMERICAN ART, WE FOSTER THE WORK OF LIVING ARTISTS AT THE CRITICAL MOMENTS IN THEIR CAREERS. THE WHITNEY EDUCATES A DIVERSE PUBLIC THROUGH DIRECT INTERACTION WITH ARTISTS, OFTEN BEFORE THEIR WORK HAS ACHIEVED GENERAL ACCEPTANCE. PART V, LINE 4: THE MUSEUM'S ENDOWMENT CONSISTS OF 117 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, PRIMARILY TO SUPPORT THE GENERAL OPERATIONS AND EXHIBITION PROGRAMS OF THE MUSEUM, AS WELL AS THE SUPPORT OF THE BIENNIAL EXHIBITION PROGRAM, PERMANENT COLLECTION ACQUISITIONS, AND CURATORIAL SUPPORT. PART XI, LINE 2D - OTHER ADJUSTMENTS: PENSION RELATED CHARGES OTHER THAN NET PERIODIC COSTS 3,739,000. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICE TRAVELING EXHIBITIONS 665000 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 113300000 0 0 0 0 0 0 113965000 0 113965000 1 0 0 0 0 0 X X X X X X X 1 DCM 45 MAIN STREET 815 BROOKLYN NY 11201 TELEFUNDRAISING 0 39000 21000 18000 SUSAN COURTEMANCHE 40 POWDER HORN HILL ROAD WILTON CT 06897 CAPITAL CAMPAIGN CONSULTING 0 0 186000 0 39000 207000 18000 AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS NH NJ NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI ANNUAL GALA 4380000 3699000 681000 60000 211000 410000 4380000 3699000 681000 60000 211000 410000 681000 0 1 BUCKSBAUM AWARD 1 50000 PART I, LINE 2: THE BUCKSBAUM AWARD IS INTENDED TO HONOR BIANNUALLY A LIVING ARTIST WHOSE WORK DEMONSTRATES A SINGULAR COMBINATION OF TALENT AND IMAGINATION AND HAS MADE OR PROMISES TO MAKE A SIGNIFICANT CONTRIBUTION TO THE VISUAL ARTS IN THE UNITED STATES. LAUREATES OF THE BUCKSBAUM AWARD RECEIVE A $100,000 GRANT (PAID $50,000 PER YEAR IN EACH OF TWO YEARS), AND EXHIBITION OF THEIR WORK, A COMMEMORATIVE AWARD, AND A FORMAL CITATION CERTIFICATE. ANY ARTIST LIVING IN THE UNITED STATES MAY BE A POTENTIAL CANDIDATE FOR THE AWARD. BUCKSBAUM LAUREATES ARE CHOSEN BY A JURY CONSISTING OF THE MUSEUM'S EXECUTIVE DIRECTOR, THE CHIEF CURATOR AND ASSOCIATE DIRECTOR FOR PROGRAMS, THE BIENNIAL CURATORS, AND A PANEL OF THREE SPECIALISTS IN CONTEMPORARY ART. THE LIST OF FINALISTS CONSISTS OF THE ARTISTS CHOSEN TO PARTICIPATE IN THE WHITNEY'S BIENNIAL EXHIBITION. SELECTION IS BASED ON PAST WORK, WORK INCLUDED IN THE WHITNEY BIENNIAL, AND THE LEVEL OF BENEFIT THE AWARD COULD PROVIDE TO THE ARTIST'S CAREER. EVERY TWO YEARS, THE MUSEUM HOSTS AN EXHIBITION OF NEW WORK CREATED BY THE WINNER OF THE BUCKSBAUM AWARD. SUCH EXHIBITIONS ARE PRECEDED BY VISITS WITH A CURATOR FROM THE MUSEUM WHICH REVIEWS THE ARTIST'S NEW WORK CREATED DURING THE TERM OF THE AWARD. X X X 1 1 X X X X X X 0 1 0 0 0 0 0 0 0 ADAM D WEINBERG ALICE PRATT BROWN DIRECTOR 567953 0 0 0 188542 0 86777 0 26600 0 869872 0 0 0 JOHN S STANLEY CHIEF OPERATING OFFICER 380721 0 0 0 1290 0 39842 0 9717 0 431570 0 0 0 IDEHEN ARUEDE CHIEF FINANCIAL OFFICER 202977 0 0 0 163 0 11207 0 999 0 215346 0 0 0 NICHOLAS S HOLMES GENERAL COUNSEL/ASSISTANT SECRETARY 152233 0 0 0 122 0 13884 0 26313 0 192552 0 0 0 DONNA M DESALVO CHIEF CURATOR & DEP. DIR. 344541 0 0 0 1290 0 44669 0 9717 0 400217 0 0 0 ALEXANDRA WHEELER DEPUTY DIRECTOR FOR DEVELOPMENT 304613 0 0 0 690 0 33920 0 26594 0 365817 0 0 0 JEFFREY E LEVINE CHIEF MARKETING & COMMUNIC. OFFICER 206693 0 0 0 280 0 18308 0 4914 0 230195 0 0 0 STEPHANIE ADAMS DIRECTOR-INDIVIDUAL & PLANNED GIVING 193471 0 0 0 256 0 17300 0 26393 0 237420 0 0 0 CHRISTY L PUTNAM ASSOCIATE DIRECTOR FOR EXHIBITIONS 183110 0 0 0 1047 0 71303 0 9490 0 264950 0 0 0 CAROL C MANCUSI-UNGARO ASSOC. DIR. CONSERVATION & RESEARCH 215678 0 0 0 2505 0 37996 0 9554 0 265733 0 0 0 KATHRYN A POTTS ASSOCIATE DIRECTOR - EDUCATION 167253 0 0 0 321 0 29352 0 424 0 197350 0 0 0 AMY ROTH CHIEF PLANNING OFFICER 167152 0 0 0 124 0 10866 0 2630 0 180772 0 0 0 DAVID SELIMOSKI ENGINEER 146108 0 0 0 49 0 8330 0 29489 0 183976 0 0 0 SCOTT ROTHKOPF CURATOR 288000 0 0 0 241 0 12116 0 9650 0 310007 0 0 0 PART I, LINE 1A THE MUSEUM'S DIRECTOR IS PROVIDED WITH A HOUSING ALLOWANCE AND REIMBURSEMENT FOR DEPENDENT CARE, UNDER CIRCUMSTANCES WHERE IT IS IN THE MUSEUM'S INTEREST FOR THE DIRECTOR AND SPOUSE TO ATTEND AFTER-HOURS OR OUT-OF-TOWN EVENTS. THE DIRECTOR ALSO HAS A DISCRETIONARY FUND TO BE USED FOR BUSINESS RELATED EXPENSES THAT ARE NOT OTHERWISE INCLUDED IN THE MUSEUM'S OPERATING BUDGET. NO PORTION OF THE DISCRETIONARY FUND IS FOR PERSONAL EXPENDITURES AND, AS SUCH, THE DISCRETIONARY FUND IS NOT RELATED TO THE DIRECTOR'S COMPENSATION. PART I, LINE 4B ADAM D. WEINBERG, DIRECTOR - $40,407 A THE TRUST FOR CULTURAL RESOURCES OF THE CITY OF NEW YORK 131789318 649717QZ1 2011-08-01 134329619 SEE PART V BELOW 0 0 0 A 134335175 1422855 129786320 3126000 2015 0 0 0 1 A 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 0 0 0 0 0 0 A 1 SCHEDULE K SUPPLENTAL INFORMATION THE PROCEEDS OF THE BONDS WERE USED TO (I) FINANCE OR REIMBURSE A PORTION OF THE COSTS OF THE MUSEUM'S DOWNTOWN BUILDING PROJECT (II) FUND CAPITALIZED INTEREST ON THE BONDS; AND (III) FUND CERTAIN COSTS AND EXPENSES INCIDENTAL TO ISSUANCE OF THE BONDS AND RELATED PURPOSES. THE DIFFERENCE IN ISSUE PRICE AND TOTAL PROCEEDS IS DUE TO $3,446.92 OF INVESTMENT EARNINGS IN THE FISCAL YEAR ENDED JUNE 30, 2012 AND $2,108.83 OF INTEREST EARNINGS IN THE FISCAL YEAR ENDED JUNE 30, 2013. FUNDS WERE CAPITALIZED FOR INTEREST PAYMENTS DURING THE CONSTRUCTION PERIOD ONLY. THE BALANCE OF CAPITALIZED INTEREST FUNDS AS OF JUNE 30, 2015 WAS $3,126,000. PLEASE NOTE THAT THE BOND PROCEEDS WERE USED TO FINANCE THE CONSTRUCTION OF A NEW MUSEUM BUILDING. CONSTRUCTION HAS BEEN COMPLETED AND THE BUILDING WAS OPENED TO THE PUBLIC IN MAY 2015. THE INSTITUTION IS WORKING ON THE FINAL ALLOCATION AND WILL COMPLETE WITHIN THE PERIOD PROVIDED UNDER APPLICABLE TAX LAW. INSITUTION INVESTED SUBSTANTIAL FUNDS OTHER THAN PROCEEDS OF THE BOND INTO THE PROJECT. X 41 2189000 FAIR MARKET VALUE X VENDOR ITEMS 3 245000 FAIR MARKET VALUE 27 0 1 1 PART I, LINE 32B: AS PART OF THE MUSEUM'S CAPITAL CAMPAIGN, ARTISTS DONATED WORKS OF ART FOR THE PURPOSES OF SALE. IN CONNECTION WITH THOSE SALES, THE MUSEUM ENGAGED GALLERIES TO CONSIGN THE WORKS FOR SALE. FORM 990, PART VI, SECTION A, LINE 1 IN ACCORDANCE WITH THE MUSEUM'S BY-LAWS, THE EXECUTIVE COMMITTEE CONSISTS ENTIRELY OF MUSEUM TRUSTEES. THE EXECUTIVE COMMITTEE CURRENTLY CONSISTS OF 22 MEMBERS AND IS COMPOSED OF CERTAIN TRUSTEE OFFICERS, CERTAIN TRUSTEE COMMITTEE CHAIRS, AND OTHER TRUSTEES ELECTED BY RESOLUTION OF THE BOARD OF TRUSTEES. BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, AND SUBJECT TO THE GENERAL POLICIES ESTABLISHED BY THE BOARD, THE EXECUTIVE COMMITTEE HAS ALL THE POWERS OF THE FULL BOARD, EXCLUDING (I) THE REMOVAL OF TRUSTEES AND OFFICERS, (II) APPOINTING OF COMMITTEE CHAIRS, AND (II) AMENDING THE BY-LAWS. FORM 990, PART VI, SECTION A, LINE 2 MELVA BUCKSBAUM (VICE CHAIRMAN) AND RAYMOND J. LEARSY (TRUSTEE) - FAMILY RELATIONSHIP. THOMAS H. LEE (TRUSTEE) AND JONATHAN O. LEE (TRUSTEE) - FAMILY RELATIONSHIP. ANNE DIAS GRIFFIN (TRUSTEE) AND KENNETH C. GRIFFIN (TRUSTEE) - FAMILY RELATIONSHIP. NEIL G. BLUHM (PRESIDENT) AND JOHN C. PHELAN (TRUSTEE) - BUSINESS RELATIONSHIP. NEIL G. BLUHM (PRESIDENT) AND JAMES A. GORDON (TRUSTEE) - BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 THE MUSEUM AMENDED ITS BYLAWS, PRIMARILY TO INCORPORATE CHANGES REQUIRED BY THE NEW YORK NONPROFIT REVITALIZATION ACT OF 2013. FORM 990, PART VI, SECTION B, LINE 11 THE MUSEUM'S FORM 990 TAX FILING IS COMPILED BASED ON INFORMATION OBTAINED FROM THE MUSEUM'S GENERAL LEDGER, AUDITED FINANCIAL STATEMENTS AND OTHER FINANCIAL SYSTEMS. THE MUSEUM'S CHIEF FINANCIAL OFFICER, SENIOR FINANCE/ACCOUNTING STAFF, GENERAL COUNSEL AND EXTERNAL TAX ADVISORS PARTICIPATE IN A SERIES OF DETAILED REVIEWS OF ALL INFORMATION TO BE INCLUDED IN THE FILING. ALL INFORMATION INCLUDED IN THE RETURN IS REVIEWED BY THE GROUP FOR ACCURACY AND CONTENT. THE COMPLETED FORM 990 AND RELATED SCHEDULES ARE ALSO PROVIDED TO THE MUSEUM'S SENIOR MANAGEMENT AND REVIEWED IN DETAIL WITH THE CHIEF OPERATING OFFICER. FINALLY, A PUBLIC INSPECTION COPY IS PROVIDED TO EACH MEMBER OF THE BOARD OF TRUSTEES PRIOR TO FILING THE RETURN. THE MUSEUM'S EXTERNAL TAX ADVISORS FILE THE FORM 990 ELECTRONICALLY WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE MUSEUM'S CODE OF CONDUCT CONTAINS DETAILED DISCLOSURE REQUIREMENTS WITH RESPECT TO THE CONFLICTS OF INTERESTS FOR ITS BOARD AND STAFF. ON A REGULAR BASIS, THE BOARD AND OFFICERS OF THE MUSEUM COMPLETE A CONFLICTS OF INTEREST QUESTIONNAIRE. RESPONSES ARE COMPILED, REVIEWED WITH GENERAL COUNSEL AND CHIEF OPERATING OFFICER, AND FORWARDED TO THE AUDIT COMMITTEE. IF A CONFLICT IS DISCLOSED, BOARD MEMBERS WITH POTENTIAL CONFLICTS MAY NOT PARTICIPATE IN DELIBERATIONS AND NEED TO RECUSE THEMSELVES FROM VOTING ON PARTICULAR MATTERS. IN ADDITION, EMPLOYEES ARE ASKED ANNUALLY TO REVIEW AND ACKNOWLEDGE COMPLIANCE WITH THE MUSEUM'S CODE OF CONDUCT. FORM 990, PART VI, SECTION B, LINE 15 THE WHITNEY HAS A HUMAN RESOURCES/COMPENSATION COMMITTEE OF THE BOARD. MEMBERS INCLUDE THE CHAIRMAN, PRESIDENT, CHAIR OF THE FINANCE COMMITTEE ALONG WITH THREE OTHER TRUSTEES. THE COMMITTEE MEETS PERIODICALLY TO REVIEW PERFORMANCE AND COMPENSATION FOR THE DIRECTOR AND THREE (3) OTHER SENIOR STAFF MEMBERS; CHIEF OPERATING OFFICER, CHIEF CURATOR/DEPUTY DIRECTOR AND THE DEPUTY DIRECTOR FOR DEVELOPMENT. AS PART OF THE PROCESS, THE COMMITTEE REVIEWS COMPARATIVE DATA OBTAINED FROM SEVERAL INDEPENDENT SOURCES WHICH PROVIDE DATA FOR SIMILAR POSITIONS IN NEW YORK CITY AND NATIONALLY. THE COMPENSATION REVIEW PROCESS AS DESCRIBED ABOVE WAS LAST UNDERTAKEN IN OCTOBER 2015. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE ON THE MUSEUM'S WEBSITE. ALL OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: PENSION RELATED CHARGES OTHER THAN NET PERIODIC PENSION COSTS 3,739,000. FORM 990 - GENERAL AMOUNTS REFLECTED IN THE 2014 FORM 990 FOR THE YEAR ENDED JUNE 30, 2015 HAVE BEEN ROUNDED TO THE NEAREST THOUSAND TO CONFORM WITH THE PRESENTATION IN THE MUSEUM'S AUDITED FINANCIAL STATEMENTS.