2015-05-13T13:13:57-05:00 2014-06-30 131655065 LUTZ AND CARR CPAS LLP 300 EAST 42ND STREET NEW YORK NY 10017 990 2013-07-01 131789318 WHITNEY MUSEUM OF AMERICAN ART WHIT 2125703600 99 GANSEVOORT STREET NEW YORK NY 10014 JOHN STANLEY CHIEF OPERATING OFFICER 2126711820 2015-05-11 1 FREDERICK MARTENS P00298107 2126972299 2013 2016-03-07 17:11:31Z X JOHN STANLEY 99 GANSEVOORT STREET NEW YORK NY 10014 230484000 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. THE MUSEUM IS CONSTRUCTING A 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 WILL PROVIDE 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. THE MUSEUM ANTICIPATES OPENING THE NEW BUILDING TO THE PUBLIC ON MAY 1, 2015. 47 46 330 95 11000 750 84331000 161151000 2823000 4320000 3013000 13063000 1104000 73000 91271000 178607000 50000 50000 0 0 18141000 19393000 245000 272000 4878000 21992000 22989000 40428000 42704000 50843000 135903000 687931000 853444000 161502000 170203000 526429000 683241000 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 17742000 50000 4250000 COLLECTION AND EXHIBITIONS OF AMERICAN ART:THE WHITNEY MUSEUM OF AMERICAN ART PRESENTED 11 EXHIBITIONS IN FY '14. THESE INCLUDED: AMERICAN LEGENDS: FROM CALDER TO O'KEEFFE (DECEMBER 22, 2012-JUNE 29, 2014), I, YOU, WE (APRIL 25,-SEPTEMBER 1, 2013), HOPPER DRAWING (MAY 23-OCTOBER 6, 2013), IN PARTS (JUNE 13, 2013-FEBRUARY 23, 2014), ROBERT IRWIN: SCRIM VEIL-BLACK RECTANGLE-NATURAL LIGHT, WHITNEY MUSEUM OF AMERICAN ART, NEW YORK (1977) (JUNE 27-SEPTEMBER 1, 2013), TEST PATTERN (AUGUST 22-DECEMBER 1, 2013), ROBERT INDIANA: BEYOND LOVE (SEPTEMBER 26, 2013-JANUARY 5, 2014), RITUALS OF RENTED ISLAND: OBJECT THEATER, LOFT PERFORMANCE, AND THE NEW PSYCHODRAMA-MANHATTAN, 1970-1980 (OCTOBER 31, 2013-FEBRUARY 2, 2014), EDWARD STEICHEN IN THE 1920'S AND 1930S: A RECENT ACQUISITION (DECEMBER 6, 2013-FEBRUARY 23, 2014), WHITNEY BIENNIAL 2014 (MARCH 7-MAY 25, 2014), AND JEFF KOONS: A RETROSPECTIVE (JUNE 27-OCTOBER 19, 2014). ADDITIONALLY, THE MUSEUM PRESENTED TWO DISCRETE FILM AND VIDEO INSTALLATIONS: DAVID HOCKNEY: THE JUGGLERS (MAY 23-SEPTEMBER 1, 2013) AND T.J. WILCOX: IN THE AIR (SEPTEMBER 19, 2013-FEBURARY 9, 2014). PERFORMANCES AT THE MUSEUM INCLUDED: PHILIPPE GRANDRIEUX: UNREST (OCTOBER 18, 2013), A SERIES OF PERFORMANCES ASSOCIATED WITH THE EXHIBITION RITUALS OF RENTED ISLAND, SARAH MICHELSON: 4 (JANUARY 24-FEBRUARY 2, 2014), AND AN EXTENDED SERIES OF PERFORMANCES ASSOCIATED WITH WHITNEY BIENNIAL 2014. THE MUSEUM ALSO PRESENTED TOURING EXHIBITIONS AT VENUES ACROSS THE UNITED STATES, INCLUDING: RICHARD ARTSCHWAGER!, HOPPER DRAWINGS, AND ROBERT INDIANA: BEYOND LOVE, AS WELL AS ONGOING TOURS OF REAL/SURREAL, LEGACY: THE EMILY FISHER LANDAU COLLECTION, AND ALEX KATZ. PERFORMANCES AT THE MUSEUM INCLUDED: PHILIPPE GRANDRIEUX: UNREST (OCTOBER 18, 2013), A SERIES OF PERFORMANCES ASSOCIATED WITH THE EXHIBITION RITUALS OF RENTED ISLAND, SARAH MICHELSON: 4 (JANUARY 24-FEBRUARY 2, 2014), AND AN EXTENDED SERIES OF PERFORMANCES ASSOCIATED WITH WHITNEY BIENNIAL 2014. 10466000 70000 CURATORIAL AND RELATED SUPPORT:IN FY '14, AS THE SPACES IN THE WHITNEY'S NEW BUILDING BECAME MORE CLEARLY DELINEATED, THE CURATORIAL DEPARTMENT CONTINUED THE PLANNING PROCESS FOR THE PERMANENT COLLECTION DISPLAY AT THE NEW BUILDING, INCLUDING THE INAUGURAL EXHIBITION WHICH WILL BE DRAWN ENTIRELY FROM THE PERMANENT COLLECTION AND ROTATING INSTALLATIONS OF THE COLLECTION THAT WILL APPEAR THEREAFTER ON TWO FLOORS. CURATORS BEGAN TO FOCUS ON ACTIVATING RECENT ANALYSIS OF THE COLLECTION, IDENTIFYING OUTSTANDING EXAMPLES OF RARE WORKS FOR POTENTIAL ACQUISITION TO ASSURE THE WHITNEY WILL PRESENT WORKS THAT REFLECT THE HISTORICAL AND PRESENT DEMOGRAPHICS OF THE ENTIRE COUNTRY AND TELL A NUANCED PICTURE OF AMERICAN ART. ADDITIONALLY, CURATORS HAVE PROCEEDED WITH EXHIBITION PLANNING IN THE NEW BUILDING, MAKING SIGNIFICANT STRIDES ON RESEARCH AND PREPARATION FOR EXHIBITIONS UPCOMING THROUGH FY '17, SUCH AS RETROSPECTIVES OF FRANK STELLA AND STUART DAVIS. THE WHITNEY'S LIBRARY CONTINUES TO DIGITIZE ITS SPECIAL COLLECTIONS TO MAKE THEM MORE WIDELY ACCESSIBLE AND PRESERVE THEIR CONTENT, INCLUDING THE MUSEUM'S EXHIBITION CATALOGUES, ARTISTS' CORRESPONDENCE AND EPHEMERA, ITS HISTORICAL DOCUMENTS, AND ITEMS FROM THE PERSONAL LIBRARY OF JULIANA FORCE, THE WHITNEY'S INAUGURAL DIRECTOR AND CLOSE ASSOCIATE OF THE MUSEUM'S FOUNDER, GERTRUDE VANDERBILT WHITNEY. 3063000 EDUCATION PROGRAMS:IN FY '14, THE WHITNEY MUSEUM OF AMERICAN ART SERVED OVER 325,000 PEOPLE THROUGH SCHOOL & EDUCATOR PROGRAMS, PUBLIC PROGRAMS, SENIOR PROGRAMS, FAMILY PROGRAMS, TEEN PROGRAMS, COMMUNITY PROGRAMS, AND INTERPRETATION PROGRAMS. THE WHITNEY OFFERED FREE TOURS OF EXHIBITIONS AND THE PERMANENT COLLECTION, 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 EXHIBITING ARTISTS, ONLINE EXHIBITION-RELATED CONTENT AND A MULTIMEDIA GUIDE. IN ADVANCE OF THE WHITNEY'S MOVE TO ITS NEW BUILDING LOCATED IN NEW YORK CITY'S MEAT PACKING DISTRICT, THE DEPARTMENT'S ACCESS AND COMMUNITY DIVISION CONTINUED TO GROW MUSEUM PARTNERSHIPS WITH DOWNTOWN SCHOOLS, SENIOR CENTERS, AND COMMUNITY-BASED ORGANIZATIONS, AND CONVENED BIMONTHLY MEETINGS WITH THE WHITNEY EDUCATION COMMUNITY ADVISORY NETWORK (WECAN), A GROUP OF LOCAL RESIDENTS, TEACHERS, PARENTS, AND REPRESENTATIVES FROM COMMUNITY-BASED ORGANIZATIONS IN THE WHITNEY'S FUTURE NEIGHBORHOOD. WECAN DISCUSSES WAYS THAT THE WHITNEY CAN BECOME AN ESSENTIAL RESOURCE FOR THIS DIVERSE AND DYNAMIC COMMUNITY. OUR SCHOOL PROGRAMS HAVE BEEN WORKING WITH 3 NEW YORK CITY PUBLIC SCHOOLS FOR THE LAST 6 YEARS. THROUGH THESE LONG-TERM SCHOOL PARTNERSHIPS, THE MUSEUM SEEKS TO WORK WITH THE ENTIRE SCHOOL COMMUNITY, INCLUDING ADMINISTRATORS, TEACHERS, STUDENTS, AND PARENTS. THE MUSEUM'S PROGRAMS HAVE CREATED A POSITIVE IMPACT ON TEACHING AND LEARNING, IMPROVED SCHOOL CULTURE, AND INCREASED PARENTAL ENGAGEMENT. BUILDING ON THIS SUCCESS, THE MUSEUM IS WORKING ON ESTABLISHING PARTNERSHIPS WITH 5 MORE PUBLIC SCHOOLS LOCATED IN DOWNTOWN MANHATTAN AND BROOKLYN IN PREPARATION FOR THE MOVE TO THE NEW BUILDING. THE MUSEUM'S EDUCATION DEPARTMENT ALSO CONTINUED OUR LONGITUDINAL STUDY ON TEEN ARTS PARTICIPATION, FUNDED BY THE FEDERAL GOVERNMENT'S INSTITUTE OF MUSEUM AND LIBRARY SERVICES. A COLLABORATION WITH THE WALKER ART CENTER, LAMOCA, AND THE CONTEMPORARY ARTS MUSEUM HOUSTON, THIS PROJECT EXPLORES THE LONG-TERM IMPACT OF TEEN ARTS PROGRAMS ON PARTICIPANTS, MUSEUMS, AND THEIR COMMUNITIES. FINALLY, THE WHITNEY CONTINUES TO PILOT STUDIO PROGRAMS, INCLUDING HANDS-ON ART MAKING WORKSHOPS BASED ON CURRENT EXHIBITIONS FOR AUDIENCES OF ALL AGES. FOR MORE INFORMATION ABOUT WHITNEY EDUCATION, PLEASE VISIT WHITNEY.ORG/EDUCATION. 1096000 -38000 PUBLICATION AND RETAIL:MUSEUM RELATED AUXILLARY SERVICES THAT PROVIDE PRODUCTS RELATED TO THE MUSEUM'S COLLECTION AND EXHIBITIONS. 1096000 -38000 32367000 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 1 124 0 330 1 1 1 0 0 0 0 1 1 1 0 0 0 0 X 47 46 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 1 0 AZ CA CO CT GA HI IL MD MA MI NJ NC OH PA RI TN VA WA NY 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 745373 0 73379 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 SUSAN K HESS VICE PRESIDENT 1.00 X X 0 0 0 JOHN C PHELAN 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 BETH RUDIN DEWOODY 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 SONDRA GILMAN GONZALEZ-FALLA TRUSTEE 1.00 X 0 0 0 ROBERT B GOERGEN 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 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 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 ROBERT W 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 361477 0 38146 IDEHEN ARUEDE CHIEF FINANCIAL OFFICER 35.00 X 190168 0 8882 NICHOLAS S HOLMES GENERAL COUNSEL/ASSISTANT SECRETARY 35.00 X 144683 0 34156 DONNA M DESALVO CHIEF CURATOR & DEP. DIR. 35.00 X 335981 0 48301 ALEXANDRA WHEELER DEPUTY DIRECTOR FOR DEVELOPMENT 35.00 X 296491 0 53611 JEFFREY E LEVINE MARKETING AND COMMUNIC. OFFICER 35.00 X 200840 0 14353 STEPHANIE ADAMS DIRECTOR OF PLANNED GIVING 35.00 X 188033 0 37709 CHRISTY L PUTNAM ASSOCIATE DIRECTOR FOR EXHIBITIONS 35.00 X 178790 0 65964 CAROL C MANCUSI-UNGARO ASSOC. DIR. CONSERVATION & RESEARCH 35.00 X 212006 0 38427 KATHRYN A POTTS ASSOCIATE DIRECTOR - EDUCATION 35.00 X 162615 0 30989 AMY ROTH DIRECTOR OF CORPORATE PARTNERSHIPS 35.00 X 152368 0 6993 BARBARA HASKELL CURATOR 35.00 X 143010 0 43516 SCOTT ROTHKOPF CURATOR 35.00 X 150123 0 15790 3461958 0 510216 45 0 1 0 TURNER CONSTRUCTION COMPANY 375 HUDSON STREET 6TH FLOOR NEW YORK NY 10014 CONSTRUCTION SERVICES 11506000 COOPER ROBERTSON & PARTNERS 311 WEST 43RD STREET NEW YORK NY 10036 ARCHITECTURAL SERVICES 2552000 RENZO PIANO BUILDING WORKSHOP 34 RUE DES ARCHIVES PARIS FR 19170 ARCHITECTURAL SERVICES 1216000 GARDINER & THEOBALD INC 317 MADISON AVENUE NEW YORK NY 10017 CONSTRUCTION SERVICES 1098000 MASTERPIECE INTERNATIONAL 39 BROADWAY SUITE 1410 NEW YORK NY 10006 ART SHIPPING/ HANDLING 620000 43 3270000 3818000 21085000 132978000 4918000 161151000 ADMISSION INCOME 900099 2937000 2937000 TRAVELING EXHIBITIONS 900099 1313000 1313000 LOAN FEES 900099 70000 70000 4320000 1544000 5000 1539000 254000 254000 58496000 2784000 49761000 0 8735000 2784000 11519000 11519000 1056000 3818000 1056000 0 1022000 1060000 -38000 -44000 6000 RESTAURANT INCOME 900099 81000 81000 MISCELLANEOUS INCOME 900099 59000 59000 INSURANCE PROCEEDS,NET 900099 -283000 -283000 -143000 178607000 4276000 11000 13169000 50000 50000 3152000 1257000 1098000 797000 12771000 9173000 1762000 1836000 633000 465000 102000 66000 1841000 1128000 438000 275000 996000 671000 172000 153000 260000 260000 234000 234000 272000 272000 686000 136000 550000 767000 633000 9000 125000 710000 695000 5000 10000 299000 97000 36000 166000 288000 212000 36000 40000 3265000 2954000 254000 57000 405000 198000 101000 106000 1539000 1247000 163000 129000 681000 501000 86000 94000 PRE-CONSTRUCTION COSTS 5514000 5514000 EXHIBITION EXPENSE 3999000 3996000 3000 ART ACQUISTIONS 2628000 2628000 OTHER EXPENSES 1714000 812000 153000 749000 42704000 32367000 5459000 4878000 39368000 21897000 34796000 6940000 56279000 128795000 1091000 2221000 882000 1554000 208825000 316076000 57079000 19328000 37186000 37751000 102231000 103930000 207273000 234280000 687931000 853444000 22425000 28883000 1035000 1998000 135300000 134175000 2742000 5147000 161502000 170203000 X 107734000 113517000 236995000 366579000 181700000 203145000 526429000 683241000 687931000 853444000 X 135903000 22433000 -1524000 X 0 1 X 1 0 X 29448000 62061000 45961000 84331000 161151000 382952000 29448000 62061000 45961000 84331000 161151000 382952000 42348381 340603619 957000 2145000 2171000 2040000 1798000 9111000 167000 47000 156000 565000 -143000 792000 392855000 22663000 0.86700 0.92450 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 102000 0 0 102000 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 233366000 26984000 31184000 10179000 281355000 206104000 7893000 28968000 9599000 233366000 207326000 3383000 3840000 8445000 206104000 185574000 2853000 24843000 5944000 207326000 177817000 341000 11412000 3996000 185574000 0.07260 0.72200 0.20540 0 0 26654000 26654000 22314000 13974000 8340000 1934000 1932000 2000 6177000 3422000 2755000 37751000 MONEY MARKET FUNDS 22787000 F EQUITY INVESTMENT FUNDS 77228000 F ALTERNATIVE INVESTMENTS : MULTI-STRATEGY & OTHER 63973000 F EQUITY LONG/SHORT 54424000 F REAL ASSETS 12527000 F PRIVATE EQUITY 3341000 F 234280000 ACCRUED PENSION OBLIGATION 5147000 5147000 200490000 22433000 22433000 178057000 550000 550000 178607000 43678000 1524000 1524000 42154000 550000 550000 42704000 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 FUNDS CONSIST OF APPROXIMATELY 92 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 XII, LINE 2D - OTHER ADJUSTMENTS: PENSION RELATED CHARGES OTHER THAN NET PERIODIC PENSION COSTS 1,524,000. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICE TRAVELING EXHIBITIONS 130000 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 106690000 0 0 0 0 0 0 106820000 0 106820000 1 0 0 0 0 0 X X X X X X X 1 DCM 45 MAIN STREET 815 BROOKLYN NY 11201 TELEFUNDRAISING 0 76695 47000 29695 SUSAN COURTEMANCHE 40 POWDER HORN HILL ROAD WILTON CT 06897 CAPITAL CAMPAIGN CONSULTING 0 0 225000 0 76695 272000 29695 AZ CA CO CT GA HI IL MD MA MI NJ NC OH PA RI TN VA WA NY GALA 2735000 2145000 590000 121000 120000 349000 AMERICAN ART AWARD 1684000 1448000 236000 45000 47000 144000 1 455000 225000 230000 44000 33000 153000 4874000 3818000 1056000 210000 200000 646000 1056000 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 559242 0 0 0 186131 0 48466 0 24913 0 818752 0 0 0 JOHN S STANLEY CHIEF OPERATING OFFICER 359965 0 0 0 1512 0 29018 0 9128 0 399623 0 0 0 IDEHEN ARUEDE CHIEF FINANCIAL OFFICER 190000 0 0 0 168 0 7996 0 886 0 199050 0 0 0 NICHOLAS S HOLMES GENERAL COUNSEL/ASSISTANT SECRETARY 144576 0 0 0 107 0 9558 0 24598 0 178839 0 0 0 DONNA M DESALVO CHIEF CURATOR & DEP. DIR. 334544 0 0 0 1437 0 39172 0 9129 0 384282 0 0 0 ALEXANDRA WHEELER DEPUTY DIRECTOR FOR DEVELOPMENT 295776 0 0 0 715 0 28680 0 24931 0 350102 0 0 0 JEFFREY E LEVINE MARKETING AND COMMUNIC. OFFICER 200648 0 0 0 192 0 13889 0 464 0 215193 0 0 0 STEPHANIE ADAMS DIRECTOR OF PLANNED GIVING 187857 0 0 0 176 0 13014 0 24695 0 225742 0 0 0 CHRISTY L PUTNAM ASSOCIATE DIRECTOR FOR EXHIBITIONS 177714 0 0 0 1076 0 57072 0 8892 0 244754 0 0 0 CAROL C MANCUSI-UNGARO ASSOC. DIR. CONSERVATION & RESEARCH 209431 0 0 0 2575 0 29386 0 9041 0 250433 0 0 0 KATHRYN A POTTS ASSOCIATE DIRECTOR - EDUCATION 162400 0 0 0 215 0 30608 0 381 0 193604 0 0 0 AMY ROTH DIRECTOR OF CORPORATE PARTNERSHIPS 152250 0 0 0 118 0 6626 0 367 0 159361 0 0 0 BARBARA HASKELL CURATOR 141524 0 0 0 1486 0 18885 0 24631 0 186526 0 0 0 SCOTT ROTHKOPF CURATOR 150000 0 0 0 123 0 7000 0 8790 0 165913 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 - $7,605 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 9163851 1422855 108656805 2015 0 0 0 1 A 0 0 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 WILL BE 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 $5,555.75 OF INVESTMENT EARNINGS. FUNDS WERE CAPITALIZED FOR INTEREST PAYMENTS DURING THE CONSTRUCTION PERIOD ONLY. THE BALANCE OF CAPITALIZED INTEREST FUNDS AS OF 6/30/14 WAS $9,163,851. THE BOND PROCEEDS WERE USED TO FINANCE THE CONSTRUCTION OF A NEW MUSEUM BUILDING. THE BUILDING HAS BEEN SUBSTANTIALLY COMPLETED AND IS SCHEDULED TO OPEN TO THE PUBLIC ON MAY 1, 2015. X 1 336000 AUCTION VALUE X 31 4303000 FAIR MARKET VALUE X VENDOR ITEMS 6 279000 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 20 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. NEIL G. BLUHM (PRESIDENT) AND JOHN C. PHELAN (VICE PRESIDENT) - BUSINESS RELATIONSHIP. NEIL G. BLUHM (PRESIDENT) AND JAMES A. GORDON (TRUSTEE) - BUSINESS RELATIONSHIP. 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. ANNUALLY THE BOARD AND OFFICERS OF THE MUSEUM COMPLETE A CONFLICTS OF INTEREST QUESTIONNAIRE. RESPONSES ARE COMPILED, REVIEWED WITH THE GENERAL COUNSEL AND CHIEF OPERATING OFFICER, AND ANY CONFLICTS ARE FORWARDED TO THE PRESIDENT. 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 ANNUALLY TO REVIEW PERFORMANCE AND COMPENSATION FOR THE DIRECTOR AND THREE OTHER SENIOR MEMBERS OF STAFF: CHIEF OPERATING OFFICER, CHIEF CURATOR/DEPUTY DIRECTOR AND DEPUTY DIRECTOR FOR DEVELOPMENT. AS PART OF THE PROCESS, THE COMMITTEE REVIEWS COMPARATIVE DATA OBTAINED FROM THREE TO FOUR INDEPENDENT SOURCES. THESE SOURCES PROVIDE DATA FOR SIMILAR POSITIONS IN NEW YORK CITY AS WELL AS NATIONALLY. THE COMPENSATION REVIEW PROCESS AS DESCRIBED ABOVE WAS LAST UNDERTAKEN IN 2013. 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 -1,524,000. FORM 990 - GENERAL AMOUNTS REFLECTED IN THE 2013 FORM 990 FOR THE YEAR ENDED JUNE 30, 2014 HAVE BEEN ROUNDED TO THE NEAREST THOUSAND TO CONFORM WITH THE PRESENTATION IN THE MUSEUM'S AUDITED FINANCIAL STATEMENTS.