2016-05-13T08:21:13-05:00 2015-06-30 010494526 Baker Newman & Noyes LLC Box 507 Portland ME 04112 990 2014-07-01 020223322 Currier Museum of Art CURR 6036696144 150 Ash Street Manchester NH 03104 Susan Strickler Director & CEO 6036696144 2016-04-27 1 Nicholas E Porto P01310283 2078792100 2016-04-27 2014 2016-08-17 19:52:53Z Mary Christine Dwyer 150 Ash Street Manchester NH 03104 37903163 0 X www.currier.org X 1919 NH Provide stimulating, diverse, and enjoyable encounters with original works of art. 17 17 139 102 119471 0 1995114 2324313 449125 650922 1932593 3581391 317041 499861 4693873 7056487 14610 21500 0 0 2638998 2753325 0 0 378460 4072111 3942609 6725719 6717434 -2031846 339053 103961888 101474323 316269 328375 103645619 101145948 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 4832455 629224 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 13,500 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 67,186 visitors to the Museum in FY15, 7,836 of which were from student groups. In addition to exhibition galleries, the Museum facility includes: two classrooms, a 180-seat auditorium, winter garden, Museum Shop, cafe, and entrance plaza. The Currier's website (www.currier.org) provides information on all of our programs. 333952 21500 220242 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 1,500. It offers scholarship assistance to students who demonstrate a financial need. 108150 67431 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 4,610 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. 5274557 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 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 1 43 0 1 139 1 1 1 0 0 0 0 1 1 0 0 0 0 X 17 17 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH X Sherry Collins CFO 6036696144 150 Ash Street Manchester NH 03104 Lucy Fowlkes Breed Trustee 1.00 X 0 0 0 Pamela Diamantis Trustee 1.00 X 0 0 0 Stephen Duprey Trustee 2.00 X 0 0 0 Margaret Gaillard Trustee 1.00 X 0 0 0 Jean C Gottesman Trustee 1.00 X 0 0 0 Elizabeth Hitchcock Trustee 1.00 X 0 0 0 David A Jensen Trustee 2.00 X 0 0 0 Peter R Milnes Trustee 1.00 X 0 0 0 Kendra Stearns O'Donnell Trustee (retired June 2015) 1.00 X 0 0 0 Barbara Putnam Trustee 1.00 X 0 0 0 Nike Speltz Trustee 1.00 X 0 0 0 John F Swope Trustee 1.00 X 0 0 0 Richard Thorner Trustee 1.00 X 0 0 0 William Upton Trustee 1.00 X 0 0 0 Kimon S Zachos Trustee (deceased 12/31/14) 1.00 X 0 0 0 M Christine Dwyer President 5.00 X X 0 0 0 Dwight D Churchill Vice President 3.00 X X 0 0 0 Harry Shepler Treasurer 3.00 X X 0 0 0 John H Morison III Clerk 3.00 X X 0 0 0 Susan E Strickler Director & CEO 40.00 X 182055 0 11584 Sherry H Collins CFO 40.00 X 76668 0 8451 258723 0 20035 1 0 1 0 0 301316 65337 13000 1944660 13394 2324313 Admissions 713990 263680 263680 Art Center Tuition 611710 214828 214828 Miscellaneous Revenue 611710 127841 127841 Public Programs 611710 44573 44573 650922 503157 503157 84976 15786 69190 69190 69190 33643203 30564969 3078234 3078234 3078234 75400 65337 34879 40521 40521 15150 10446 4704 4704 486571 220596 265975 265975 Investment Partnerships 523000 119471 119471 119471 7056487 916897 119471 3695806 21500 21500 296429 25004 189966 81459 2111643 1611269 310898 189476 34142 22834 6850 4458 143695 120907 19264 3524 167416 118475 31676 17265 604 604 36850 36850 227555 227555 112959 95891 17068 115630 56062 50631 8937 97017 16891 71075 9051 397199 354669 33769 8761 18808 12816 4609 1383 854593 806351 31364 16878 105673 94692 10183 798 Art Works Purchased 1392498 1392498 Exhibitions & Collectio 345995 345995 Public Programs/Service 140786 140786 Development & Membershi 46476 27074 19402 49966 10843 39123 6717434 5274557 1064417 378460 252492 254940 1933313 559810 76767 64557 527305 60609 84979 103605 107988 114548 31072120 14063956 17755603 17008164 56443691 60561553 26779750 22746537 103961888 101474323 189957 220604 126312 107771 316269 328375 X 1704513 2738052 51439048 47905838 50502058 50502058 103645619 101145948 103961888 101474323 339053 -2838724 0 X X 0 1 X 1 0 X 1105337 731374 1418731 1995114 2324314 7574870 1105337 731374 1418731 1995114 2324314 7574870 1099897 6474973 781604 908230 793720 684482 678683 3846719 -104765 -87531 -79452 34684 119471 -117593 11303996 4356650 0.57280 0.57720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 1 82363329 829906 3392257 217944 79583034 81601664 12338854 11366624 210565 82363329 78059694 11447551 7703626 201955 81601664 81100081 384850 3227873 197364 78059694 71148929 14139170 3974981 213037 81100081 0.00000 0.63110 0.36890 0 0 27497057 11308780 16188277 3575063 2755176 819887 17008164 Real estate investment funds 2436432 F Alternative investments 20310105 F 22746537 X 4233549 -2838724 15786 -2822938 7056487 0 7056487 6733220 15786 15786 6717434 0 6717434 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 $576,000 and $375,700 for the years ended June 30, 2015 and 2014, 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 $11,808,195. The total value of objects purchased from December 31, 1997 through June 30, 2015 and 2014 was $21,217,980 and $19,825,482, respectively. For the years ended June 30, 2015 and 2014, the Museum sold deaccessioned collections and objects of art totaling $110,712 and $28,847, 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 13,568 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 86-year history, the Museum has built collections of both international stature and regional importance. Today, the Museum's holdings of more than 13,568 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 7,836 students visit the Currier each year on a formal tour program. The Art Center offers year-round studio programs with annual enrollments of over 1,467 students from 40 surrounding communities. The Zimmerman House draws about 4,610 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 13,568 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. The Museum is no longer subject to income tax examinations by the federal or state tax authorities for years before 2012. Part XI, Line 2d - Other Adjustments: Rental Expenses 15,786. Part XII, Line 2d - Other Adjustments: Rental Expenses 15,786. Schedule D, Part III, Line 5: A painting was partially purchased (for $7,500) at an amount substantially less than its estimated fair market value, and partially donated, subject to a restriction made by the donor requiring that the painting be used as a prize in a fundraising raffle. The painting was raffled off and given to the winner of the raffle. Gala Dinner 140737 65337 75400 4328 18482 2284 9785 140737 65337 75400 4328 18482 2284 9785 34879 40521 15150 10446 1 0.30000 15150 10446 10446 4704 NH 1 0 1 0 1.00000 Sherry Collins CFO 150 Ash Street Manchester NH 03104 0 Jennifer Minicucci 0 Raffle tickets were sold through the Development Department under the supervision of the Manager of Stewardship (see additional information in Part IV). The Manager of Stewardship oversaw and organized staff, volunteer, and committee meeetings. Total compensation paid to the Manager of Stewardship was in her 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 she 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 170 21500 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 182055 0 0 0 0 0 5517 0 6067 0 193639 0 0 0 X 62 X 1 13394 Stock exchange price 7 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 A, line 2 Kimon S. Zachos and John H. Morison, III had a business relationship. 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 CFO 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