2016-05-23T15:07:30-05:00 2015-09-30 141918990 TEMPLETON & COMPANY LLP 222 LAKEVIEW AVENUE SUITE 1200 WEST PALM BEACH FL 33401 990 2014-10-01 590624432 NORTON MUSEUM OF ART INC FKA NORTON GALLERY AND SCHOOL OF ART INC NORT 5618325196 1451 S OLIVE AVENUE WEST PALM BEACH FL 33401 JOHN SAFRANEK CHIEF FINANCIAL OFFICER 5618325196 2016-05-23 1 JOHN R TEMPLETON P01957752 5617989988 2014 2016-08-17 19:52:53Z JOHN SAFRANEK 1451 S OLIVE AVENUE WEST PALM BEACH FL 33401 23199704 0 X WWW.NORTON.ORG X 1941 FL SEE SCHEDULE O FOR ORGANIZATION'S MISSION. 30 29 117 159 0 0 32324938 19097238 552086 556814 1764435 1868194 10334 901477 34651793 22423723 0 0 0 0 4204443 4930026 0 0 729494 6975991 6951220 11180434 11881246 23471359 10542477 138057299 144612699 30978983 31929292 107078316 112683407 X THE NORTON MUSEUM OF ART STRIVES TO PRESERVE, DEVELOP, EXHIBIT AND INTERPRET ITS OUTSTANDING COLLECTIONS AND TO EDUCATE THE PUBLIC THROUGH SPECIAL EXHIBITIONS, PUBLICATIONS AND PROGRAMS. THE NORTON SEEKS TO STRENGTHEN AWARENESS OF THE ARTS IN OUR REGION THROUGH ENCOURAGING PARTICIPATION, REACHING OUT TO IMPROVE THE QUALITY OF LIFE IN ALL COMMUNITIES THROUGH APPRECIATION OF AND INSPIRATION THROUGH THE VISUAL ARTS. 0 0 5032699 624102 EXHIBITIONS: DURING FY15, THE NORTON MUSEUM PRESENTED 15 EXHIBITIONS, OF WHICH 13 WERE ORGANIZED BY NORTON MUSEUM CURATORS AND FOCUSED ON PRINTS, DRAWINGS, PHOTOGRAPHS, SCULPTURE, PAINTINGS AND CERAMICS THAT DATED FROM EIGHTH CENTURY TO 2014. SPECIAL EXHIBITIONS OF ART NEVER BEFORE SEEN HERE INCLUDED "HIGH TEA: MANIFESTATIONS EAST AND WEST" WITH 100 EXQUISITE OBJECTS FROM 8 CULTURES; EXAMPLES OF THE BEST IMPRESSIONS COMPRISED "MASTER PRINTS: DUERER TO MATISSE; THE IMAGES FROM MODERN DESIGNS FOR TRANSPORTATION WERE FEATURED IN "GOING PLACES AND PHOTOGRAPHS FROM CONDE NAST ILLUMINATED THE HISTORY OF FASHION THROUGH THE WORK OF MAJOR ARTISTS IN "COMING INTO FASHION". COMTEMPORARY ART WAS FEATURED IN THE FIRST MUSEUM SURVEY OF HAND BUILT CERAMIC SCULPTURES BY SWEDISH ARTIST KLARA KRISTALOVA, THE WORK OF 5 INTERNATIONAL PHOTOGRAPHERS WHO WERE COMMISSIONED TO FOCUS ON THE EVERGLADES IN IMAGING EDAN AND FOUND IN THE HIGHTS FROM THE COLLECTION OF BETH RUDIN DEWOODY IN "THE TRUIMPH OF LOVE", WHOSE REPUTATION EXTENDS FAR BEYOND FLORIDA. OTHER ARTWORKS ONLOAN GAVE THE MUSEUM THE OPPORTUNITY TO SHOWCASE PICASSO AND MONET, AS WE RECEIVED A RECIPROCAL LOAN FROM THE FOUNDATION BEYELER FOR OUR GAUGIN. THE TOURING EXHIBITION "PASTURES GREEN: THE BRITISH PASSION FOR LANDSCAPE" PRESENTED NEVER BEFORE SEEN WORK FROM THE COLLECTION OF WALES' NATIONAL MUSEUMS AND BERLIN BASED TERRY HAGGERTY CREATED A SPECTACULAR SITE SPECIFIC STRIPED PAINTING FROM THE MUSEUM'S LOBBY IN OUR ONGOING SERIES FOR THIS SPACE. 964872 528559 ACQUISITIONS AND CONSERVATION: IN FY15, THE NORTON MUSEUM ACQUIRED 120 ARTWORKS IN ALL MEDIA, FROM GIFT AND PURCHASE, ENCHANCING THE COLLECTION OF OUR FIVE AREAS OF COLLECTING: AMERICAN, EUROPEAN, CHINESE, CONTEMPORARY AND PHOTOGRAPHY AS WELL AS ADDITIONS TO PRINTS AND DRAWINGS COLLECTION. MANY WERE GIFTS OF ART INCLUDING PICASSO CERAMINC, PHOTOGRAPHS FROM THE "IMAGING EDEN" ARTISTS, CHINESE CERAMICS, AND HISTORICAL PAINTINGS BY AFRICAN AMERICAN CHARLES ETHAN PORTER (1847-1923) AND EUROPEAN ARTISTS FROM THE 17TH CENTURY. AMONG SPECIAL PURCHASES WERE THE FIRST LOUISE BOURGEOIS SCULPTURE TO ENTER THE COLLECTION, PURCHASED WITH THE GIFT OF FUNDS FROM THE COMTEMPORARY AND MODERN ART COUNCIL, THE 18TH CENTURY "STORMY LANDSCAPE" HANGING SCROLL WITH THE GIFT OF FUNDS FROM COLLECTORS JOHN AND HEIDI NIBLACK, A STRIKING CANVAS BY MARGUERITE THOMPSON ZORACH TO BE FEATURED IN THE EXHIBITION "WOMEN MODERNISTS" IN NEW YORK AND A LARGE PORTRAIT BY THOMAS RUFF FROM HIS WELL-KNOWN 1998 SERIES OF OVERSIZED, CLOSE UP COLOR IMAGES.CONSERVATION THIS YEAR INCLUDED THE CONSISTENT MAINTENANCE OF ALL OUTDOOR SCULPTURES INCLUDING THE CLEANING AND REPLACEMENT OF SURFACE COATING OF PAUL MANSHIP AND JOEL SHAPIRO, BOTH IN BRONZE AND INTEGRAL TO THE NORTON MUSEUM'S EXTERIOR DESIGN. SPECIAL EXAMINATIONS BY PAINTING AND PAPER CONSERVATORS WERE MADE OF OUR JACKSON POLLOCK, STUART DAVIS AND A PASTEL BY MARY CASSATT IN ANTICIPATION OF POSSIBLE LOANS. TREATMENT WAS STARTED ON THE PAINTING PREVIOUSLY MENTIONED BY MR. PORTER, WORKS ON PAPER BY STANTON MACDONALD-WRIGHT AND A LITHOGRAPH BY GEORGE BELLOWS. 1733291 677680 EDUCATION: IN FY15, THE NORTON EDUCATION DEPARTMENT SERVED APPROXIMATELY 44,000 PEOPLE DIRECTLY THROUGH PROGRAMS. APPROXIMATELY 8,575 CHILDREN AND YOUTH PARTICIPATED IN AGE-APPROPRIATE MUSEUM TOURS AND ACTIVITIES WITH APPROXIMATELY 88% AT NO CHARGE. THANKS TO A MAJOR GIFT BENEFACTORS DAMON AND KATHERINE MEZZACAPPA, THE MUSEUM WAS ABLE TO EXPAND FAMILY PROGRAMS ON SATURDAYS FROM ONCE PER MONTH TO EVERY WEEK, BEGINNING IN JUNE. THIS GRANT ALSO HELPED DEVELOP OUTREACH TO THE HISPANIC POPULATION OF PALM BEACH COUNTY. THANKS TO AN ANONYMOUS GRANT, THE PROGRESSIVE AFTERSCHOOL ART COMMUNITY EDUCATION PROGRAM EXPANDED TO A SEVENTH SITE, SERVING CHILDREN AT THE FARMWORKERS CORRDINATING COUNCIL IN LAKE WORTH AND HOSTED A MULTI-SITE SUMMER PROJECT FOCUSED UPON ART AND THE EVERGLADES. IN ADDITION TO HOSTING MORE THAN 6,600 SCHOOOL STUDENTS ON TOURS, OVER 340 EDUCATORS PARTICIPATED IN PROFESSIONAL DEVELOPMENT SESSIONS AT THE MUSEUM AND THE SCHOOL PARTNERSHIP PROGRAM EXPANDED TO INCLUDE JUPITER COMMUNITY HIGH SCHOOL. LECTURES, COLLECTION AND SPECIAL EXHIBITION TOURS, GALLERY CLASSES AND TALKS PROVIDED LIFE-LONG LEARNING OPPORTUNITIES TO APPROXIMATELY 18,500 ADULTS THROUGH CONTACT WITH MUSEUM DOCENTS, EDUCATORS, CURATORS, GUEST ARTISTS AND EXPERTS. THE MUSEUM HOSTED ITS FIRST CHINESE NEW YEAR CELEBRATION, ATTRACTING 2,372 TO A FREE DAY OF CULTURAL ACTIVITIES AND ITS 10TH ANNUAL CHINESE MOON FESTIVAL IN THE FALL, ATTRACTING 1,232. ART AFTER DARK CONTINUED TO SERVE AS AN ANCHOR FOR MUSEUM PROGRAMMING, DRAWING OVER 13,000 VISTORS TO A VARIETY OF TOURS, EXCHBITION OPENSINGS AND PROGRAMS, PERFORMANCES AND MORE ON THURSDAY EVENINGS. THANKS TO OUR GENEROUS SUPPORTERS, PROGRAMMING AND OUTREACH INCREASED DURING FY15. 7730862 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 133 0 117 1 0 0 0 0 0 1 1 0 0 0 0 X 30 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 FL X X JOHN SAFRANEK 5618325196 1451 S OLIVE AVENUE WEST PALM BEACH FL 33401 HARRY HOWELL CO-CHAIRMAN 4.00 X X 0 0 0 JOEY PEARSON 1ST VICE CHAIRMAN 4.00 X X 0 0 0 MITCH RUBENSTEIN DIRECTOR 4.00 X X 0 0 0 JANINE MAYVILLE CO-CHAIRMAN 4.00 X X 0 0 0 CHRISTINE AYLWARD DIRECTOR 2.00 X 0 0 0 RICHARD BAROVICK DIRECTOR 2.00 X 0 0 0 RUTH BAUM DIRECTOR 2.00 X 0 0 0 BRUCE BEAL SECRETARY 4.00 X X 0 0 0 M DIANE BODMAN DIRECTOR 2.00 X 0 0 0 JANE CARROLL DIRECTOR 2.00 X 0 0 0 R REED DANIEL DIRECTOR 2.00 X 0 0 0 ANNIE FALK DIRECTOR 2.00 X 0 0 0 BRUCE GENDELMAN DIRECTOR 2.00 X 0 0 0 PETER GEORGESCU DIRECTOR 2.00 X 0 0 0 PAMELA GOERGEN DIRECTOR 2.00 X 0 0 0 GAYLE GROSS DIRECTOR 2.00 X 0 0 0 NICKI HARRIS DIRECTOR 2.00 X 0 0 0 KEMP STICKNEY DIRECTOR 4.00 X X 0 0 0 HENRY KAUFMAN DIRECTOR 2.00 X 0 0 0 JANE KORMAN DIRECTOR 2.00 X 0 0 0 GIL MAURER DIRECTOR 2.00 X 0 0 0 CARLOS MORRISON DIRECTOR 2.00 X 0 0 0 JOHN NIBLACK 2ND VICE CHAIRMAN 2.00 X X 0 0 0 JERRY PEARLMAN DIRECTOR 2.00 X 0 0 0 JOHN RICHMAN DIRECTOR 2.00 X 0 0 0 RALPH SALTZMAN DIRECTOR 2.00 X 0 0 0 JEAN SHARF DIRECTOR 2.00 X 0 0 0 ANNE SMITH DIRECTOR 2.00 X 0 0 0 DOROTHY W STAPLETON DIRECTOR 2.00 X 0 0 0 HOWARD COX DIRECTOR 2.00 X 0 0 0 JOHN SAFRANEK CFO 40.00 X 125000 0 0 125000 0 0 1 0 0 0 CBTCHILDS BERTMAN TSECKARES INC 110 CANAL STREET BOSTON MA 02114 ARCHITECTS 2084646 FOSTER & PARTNERS 22 HESTER RD LONDON UK SW11 4AN ARCHITECTS 1856378 EISON CONSTRUCTION COMPANY INC 1630 CLARE AVENUE WEST PALM BEACH FL 33401 CONSTRUCTION SERVICES 764313 GILBANE BUILDING COMPANY 661 UNIVERSITY BLVD 107 JUPITER FL 33458 CONSTRUCTION SERVICES 536837 SLKL 5663 NE 35TH COURT MIAMI FL 33142 FOOD & BEVERAGES 241428 6 X 1483252 732133 16881853 1136009 19097238 ADMISSIONS 713990 369962 369962 PROGRAM REVENUE 611610 186852 186852 556814 749571 749571 53208 0 53208 53208 53208 1140080 0 21457 1140080 -21457 1118623 1118623 1144236 450871 693365 693365 382859 303653 79206 79206 FACILITY USE REVENUE 531390 69683 69683 OTHER INCOME 900099 6015 6015 75698 22423723 1830341 0 1496144 125000 125000 4045095 2486903 966583 591609 432182 292051 108241 31890 327749 186460 93898 47391 391522 391522 541366 162482 187284 191600 271248 16588 254660 81896 29322 35317 17257 912757 737035 128258 47464 250922 146888 66202 37832 303597 303597 1189818 963753 166574 59491 470018 110755 353763 5500 EXHIBITS 908686 908686 PROGRAM EXPENSES 636999 406343 162331 68325 ACQUISITION OF ART 502237 502237 PRINTING AND GRAPHIC DE 377604 288707 61464 27433 112550 492652 16196 -396298 11881246 7730862 3420890 729494 5731 11967 2364762 3198236 30536915 33574724 74949 71212 167336 411205 53398451 18805011 28478160 34593440 54817120 47676222 18032599 16672057 2678289 4050201 901438 4353435 138057299 144612699 823294 1753083 655689 676209 29500000 29500000 30978983 31929292 X 39177213 39127230 31916666 38633421 35984437 34922756 107078316 112683407 138057299 144612699 X 10542477 -4937383 -3 X X 0 1 X 1 0 X 4154534 4280329 4310218 32324938 19097238 64167257 607238 437000 455074 489505 556814 2545631 4761772 4717329 4765292 32814443 19654052 66712888 0 0 0 66712888 2925050 748018 976488 1798160 1921402 8369118 2925050 748018 976488 1798160 1921402 8369118 87935 99256 133948 92061 75698 488898 7774757 5564603 5875728 34704664 21651152 75570904 0.88280 0.85380 0.11070 0.13720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 35984437 615500 1317181 35282756 34957545 69325 957567 35984437 32569857 1776275 867866 -256453 34957545 31205106 54065 1338786 -28100 32569857 32882924 54200 -2776624 -1044606 31205106 0 0 869214 4469265 5338479 522500 37686271 15451714 22757057 79154 79154 0 2206213 1872436 333777 7565834 1401707 6164127 34593440 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 16594231 F BENEFICIAL INTEREST IN REMAINDER TRUSTS 77826 F 16672057 X 17849342 -4937383 754524 -4182859 22032201 391522 391522 22423723 12244248 754524 754524 11489724 391522 391522 11881246 PART III, LINE 1A: THE NORTON HAS ELECTED TO EXCLUDE THE VALUE OF OBJECTS IN THE PERMANENT COLLECTION FROM THE STATEMENT OF FINANCIAL POSITION, AS PERMITTED BY SFAS NO. 116. AN ADDITION OF ART TO THE PERMANENT COLLECTION IS MADE EITHER BY GIFT OR THROUGH PURCHASE USING ART ACQUISITION FUNDS. THE ACCEPTANCE AND DISPOSAL OR REMOVAL OF WORKS OF ART IN THE COLLECTION IS PERFORMED IN ACCORDANCE WITH A FORMAL POLICY ADOPTED BY THE BOARD OF TRUSTEES IN 2003. PURCHASES FOR THE COLLECTION ARE RECORDED AS EXPENDITURES FOR THE ACQUISITION OF ART OBJECTS IN THE STATEMENT OF ACTIVITIES FOR THE YEAR IN WHICH THE OBJECTS ARE ACQUIRED. PART III, LINE 4: RALPH AND ELIZABETH NORTON ESTABLISHED THE NORTON MUSEUM OF ART AS THE NORTON GALLERY AND SCHOOL OF ART IN 1941. IT WAS FOUNDED ON THE BASIS OF THEIR PRIVATE COLLECTION COMPRISED OF A HANDFUL OF OLD MASTER PAINTINGS AND FAR MORE EXTENSIVE HOLDINGS OF FRENCH AND AMERICAN PAINTING, SCULPTURE, AND WORKS ON PAPER, MOST MADE AFTER 1870. BEFORE HIS DEATH IN 1953, NORTON EXPANDED THE COLLECTION TO INCLUDE CHINESE ART, SUCH AS ANCIENT BRONZES AND JADES, CERAMICS, FURNITURE, AND TEXTILES. HIS BEQUEST ADDED MANY MORE WORKS IN EACH OF THESE CATEGORIES OF THE COLLECTION. IN SUBSEQUENT DECADES, ACQUISITIONS FROM ALL SOURCES HAVE ENRICHED THE ORIGINAL COLLECTING AREAS OF EUROPEAN, AMERICAN, AND CHINESE ART IN TERMS OF BREADTH AND DEPTH WHILE CONFORMING TO THE HIGH QUALITATIVE STANDARDS ESTABLISHED BY THE NORTONS. TODAY, THE COLLECTION NUMBERS APPROXIMATELY 7,000 OBJECTS. AMONG THE MOST SOUGHT-AFTER WORKS FOR LOANS TO EXHIBITIONS BOTH HERE AND ABROAD ARE MONET'S "GARDENS OF VILLA MORENO," GAUGUIN'S "CHRIST IN THE GARDEN OF OLIVES," POLLOCK'S "NIGHT MIST, AND OUR THREE O'KEEFFE PAINTINGS. THE NORTON MUSEUM OF ART STRIVES TO PRESERVE, DEVELOP, EXHIBIT AND INTERPRET ITS OUTSTANDING COLLECTION AND TO EDUCATE THE PUBLIC THROUGH SPECIAL EXHIBITIONS, PUBLICATIONS AND PROGRAMS. AS A RECOGNIZED LEADER IN THE ARTS IN THE YEARS SINCE ITS FOUNDING, THE NORTON MUSEUM OF ART BRINGS A SIGNIFICANT CULTURAL AND EDUCATIONAL PRESENCE TO THE STATE OF FLORIDA AND REACHES NATIONALLY AND INTERNATIONALLY THROUGH ITS PROGRAMMING AND VISITORS, LOANS OF WORKS OF ART, AND TRAVELING EXHIBITIONS. A PRINCIPAL STRENGTH OF THE NORTON LIES IN ITS PERMANENT COLLECTION SINCE THE QUALITY, DEPTH AND BREADTH OF ITS HOLDINGS ARE USED AS THE BASIS FOR EXHIBITIONS, EDUCATIONAL PROGRAMS AND SCHOLARSHIP. FOR EXAMPLE, SCHOOL AND SUMMER CAMP TOURS INTRODUCE APPROXIMATELY 10,000 K-12 STUDENTS TO WORKS IN THE MUSEUM'S COLLECTION EACH YEAR. NINE MUSEUM COLLECTION THEME TOURS AND FIVE SPECIAL EXHIBITION TOURS ARE AVAILABLE FOR TEACHERS TO CHOOSE FROM, FREE OF CHARGE, ON TOPICS RANGING FROM MEDIEVAL AND RENAISSANCE TREASURES TO THE ART OF SCIENCE AND AFRICAN AMERICAN ART AND CULTURE. THE NORTON COLLECTION IS ALSO THE FOCUS OF EDUCATIONAL PROGRAMS FOR ADULTS. CONCERTS AND PERFORMANCES RELATE TO SPECIAL EXHIBITIONS AND CULTURAL THEMES REPRESENTED BY WORKS IN THE GALLERIES. TOURS, AND TREASURE OF THE MONTH TALKS ALLOW VISITORS TO ENGAGE WITH DOCENTS AND STAFF IN THE GALLERIES IN INFORMAL DISCUSSIONS OF SUBJECTS IN ART AND WORKS ON VIEW. A CLOSER LOOK PROVIDES PUBLIC ACCESS TO LECTURES FOR DOCENT CANDIDATES CONCERNING SPECIFIC WORKS IN THE MUSEUM COLLECTION AND THE HISTORICAL CONTEXTS AND CIRCUMSTANCES OF THEIR ORIGIN. PART V, LINE 4: THE NORTON'S ENDOWMENT IS ESTABLISHED FOR THE PURPOSES EXPRESSED IN THE MISSION OF THE NORTON. PART X, LINE 2: THE NORTON IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE FINANCIAL STATEMENTS. THE NORTON IS REQUIRED TO OPERATE IN CONFORMITY WITH THE PROVISIONS OF THE INTERNAL REVENUE CODE TO MAINTAIN ITS EXEMPT STATUS. UNDER THE PROVISIONS OF FASB ASC 740, UNCERTAINTY IN INCOME TAXES, MANAGEMENT ANALYZES TAX POSITIONS IN JURISDICTIONS WHERE IT IS REQUIRED TO FILE INCOME TAX RETURNS. INTEREST AND PENALTIES ATTRIBUTABLE TO INCOME TAXES, IF ANY, ARE INCLUDED IN OPERATING EXPENSES. NO SUCH INTEREST OR PENALTIES WERE RECORDED FOR THE YEARS ENDED SEPTEMBER 30, 2015 AND 2014. THE NORTON IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO SEPTEMBER 30, 2012. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVENTORY RELATED COST OF GOODS SOLD 303,653. SPECIAL EVENTS EXPENSES 450,871. PART XII, LINE 2D - OTHER ADJUSTMENTS: INVENTORY RELATED COST OF GOODS SOLD 303,653. SPECIAL EVENTS EXPENSES 450,871. GALA 705967 705967 166886 BIJOUX! 205004 205004 65148 2 233265 233265 218837 1144236 1144236 450871 450871 693365 X 0 0 X X 0 1 0 0 0 0 0 0 0 PART I, LINE 1B THE NORTON MUSEUM OWNS SIX HOUSES ON A STREET ADJACENT TO THE MUSEUM. IN 2013, IT WAS DECIDED TO RENOVATE ONE OF THESE HOUSES FOR USE BY THE NORTON'S DIRECTOR, AND AS A PLACE WHERE THE DIRECTOR CAN HOST SMALL GATHERINGS OF DONORS AND OTHER GUESTS. THE DIRECTOR BEGAN LIVING IN THE HOUSE IN AUGUST, 2013. X 6 1136009 MARKET VALUE 0 1 1 PART I, LINE 32B: THE NORTON SELLS ARTWORK THROUGH ESTABLISHED AUCTION HOUSES SUCH AS SOTHEBY'S AND CHRISTIE'S. PART I, LINE 33: THE NORTON HAS ELECTED NOT TO ASSIGN A FINANCIAL VALUE TO GIFTS OF ART TO BE HELD IN THE COLLECTIONS FOR PURPOSES RELATED TO ITS MISSION, OR FOR WHICH THE PROCEEDS FROM ANY SALE WILL BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS, AS ALLOWED BY SFAS 116. FORM 990, PART I, LINE 1: FOUNDED IN 1941 BY RALPH AND ELIZABETH NORTON, THE NORTON MUSEUM OF ART COLLECTS, PRESERVES, EXHIBITS AND INTERPRETS OUTSTANDING ART FOR THE BENEFIT OF A BROAD AUDIENCE. THE MUSEUM IS COMMITTED TO CREATING EXHIBITIONS, PURSUING SCHOLARSHIP, AND PRODUCING INNOVATIVE EDUCATIONAL PROGRAMS TO INSPIRE AND OFFER A DEEPER UNDERSTANDING OF THE VISUAL ARTS. FORM 990, PART VI, SECTION B, LINE 11 THE NORTON'S GOVERNANCE COMMITTEE REVIEWS A PRELIMINARY DRAFT OF THE SECTIONS RELATED TO GOVERNANCE, COMPENSATION, PROGRAM ACHIEVEMENTS, AND OTHER OPERATING ISSUES. THE AUDIT COMMITTEE IS INVOLVED THROUGHOUT THE PROCESS, AND CONDUCTS A THOROUGH REVIEW OF THE FINAL DRAFT BEFORE IT GOES TO THE FULL BOARD OF TRUSTEES. THE FINAL DRAFT IS THEN PROVIDED TO THE ENTIRE BOARD OF TRUSTEES NO LESS THAN TWO WEEKS PRIOR TO THE DUE DATE FOR THEIR REVIEW AND CONCURRENCE. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE BOARD IS PROVIDED WITH A CONFLICT OF INTEREST QUESTIONNAIRE WHICH IS USED BY THE ORGANIZATION TO DETERMINE IF THERE ARE ANY CONFLICTS BETWEEN THE BOARD AND THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15A INITIALLY, THE CHAIRMAN OF THE BOARD REVIEWS COMPARABLE SALARY DATA OF SIMILAR POSITIONS IN OTHER ORGANIZATIONS. THE CHAIRMAN THEN REVIEWS THE SELF-EVALUATION FORM PREPARED BY THE DIRECTOR AND CHIEF EXECUTIVE OFFICER WHICH INCLUDES MAJOR ACCOMPLISHMENTS DURING THE YEAR. HE MEETS WITH THE CEO TO DISCUSS HER PERFORMANCE DURING THE PAST YEAR AS WELL AS GOALS FOR THE COMING YEAR. THE EXECUTIVE COMMITTEE THEN MEETS TO EVALUATE THE INFORMATION GATHERED BY THE CHAIRMAN AND TO DECIDE ON COMPENSATION FOR THE NEXT YEAR. A WRITTEN AGREEMENT IS PREPARED AND SIGNED BY BOTH THE CHAIRMAN OF THE BOARD AND THE CEO. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION RETAINS ALL REQUIRED PUBLIC INSPECTION DOCUMENTS AT ITS CORPORATE OFFICE. SHOULD THE PUBLIC REQUEST TO REVIEW ANY OF THE DOCUMENTS, THE ORGANIZATION HAS THEM READILY AVAILABLE FOR INSPECTION. FORM 990, PART VIII, LINE 1F: THE NORTON MUSEUM OF ART BEGAN A CAPITAL CAMPAIGN IN FISCAL YEAR 2014 TO RAISE FUNDS FOR AN EXPANSION AND RENOVATION OF THE EXISTING MUSEUM. OVER $29MM WAS RAISED FOR THIS PURPOSE IN FISCAL YEAR 2014. FORM 990, PART XI, LINE 9: ROUNDING -3. FORM 990, PART XII, LINE 2C: THE POLICY FOR THE OVERSIGHT COMMITTEE HAS NOT CHANGED DURING THE YEAR.