2015-06-12T15:35:44-05:00 2014-09-30 141918990 TEMPLETON & COMPANY LLP 222 LAKEVIEW AVENUE SUITE 1200 WEST PALM BEACH FL 33401 990 2013-10-01 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 2015-06-10 1 RICHARD JUBACK P00630706 5617989988 2013 2016-02-25 16:41:14Z JOHN SAFRANEK 1451 S OLIVE AVENUE WEST PALM BEACH FL 33401 35518398 0 X WWW.NORTON.ORG X 1941 FL SEE SCHEDULE O FOR ORGANIZATION'S MISSION. 30 29 102 300 0 0 4947550 32324938 664117 552086 946174 1764435 141081 10334 6698922 34651793 0 0 0 0 4219879 4204443 30000 0 908942 7480251 6975991 11730130 11180434 -5031208 23471359 109751710 138057299 30858728 30978983 78892982 107078316 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 3668353 349215 EXHIBITIONS: DURING FY 14 THE NORTON MUSEUM PRESENTED 16 EXHIBITIONS OF WHICH 14 WERE ORGANIZED BY THE NORTON MUSEUM STAFF. THEY INCLUDED ART IN ALL MEDIA FROM INSTALLATION OF THE GRAND LOBBY AND SCULPTURE OF PHYLLIDA BARLOW TO VIDEO, PHOTOGRAHY, PAINTING, CHINESE TEXTILES AND THE INCLUSION OF POPULAR CULTURE AND MEDIA THROUGH FASHIONS AND EPHEMERA TO DESCRIBE THE FABULOUS 1960S-80S IN "TO JANE, LOVE ANDY: WARHOL'S FIRST SUPERSTAR."THE MUSEUM CONTRIBUTED SIGNIFICANT SCHOLARSHIP AND PREMIERED RARELY SEEN WORK THIS YEAR IN SUCH EXHIBITIONS AS "A MASTERPIECE REDISCOVERED" WHICH REVEALED A RARE 18TH CENTURY PAINTING BY CLAUDE-JOSEPH VERNET, A RECENT GIFT TO THE NORTON. MAJOR SITE SPECIFIC PROJECTS BY PHYLLIDA BARLOW AND MICKALENE THOMAS, ARTISTS NEVER SEEN IN THE SOUTHEAST UNITED STATES COMPLETED PROJECTS. THE ABOVE MENTIONED PRESENTATION OF THE LIFE OF THE MOST INFLUENTIAL ARTIST OF THE LATER 20TH CENTURY, ANDY WARHOL, WAS REVEALED FROM THE PERSPECTIVE OF FLORIDA NATIVE "BABY JANE" HOLZER. NEW ATTENTION WAS GIVEN TO THE PHENOMENON OF THE BARBIE DOLL AND MATCHBOX MINIATURE CARS IN "HEELS AND WHEELS" WHICH EXAMINED FOR THE FIRST TIME THE HISTORICAL, CULTURAL, SOCIAL AND DESIGN SIGNIFICANCE OF THESE ICONIC TOYS AND "INDUSTRIAL SUBLIME" INCLUDED MAJOR PAINTINGS FROM THE NORTON IN THE EXAMINATION OF THE INDUSTRIALIZATION OF THE HUDSON RIVER. 1997292 ACQUISITIONS AND CONSERVATION: IN FY 14 THE NORTON MUSEUM ACQUIRED 64 ARTWORKS COMPRISING 7 PAINTINGS, 5 SCULPTURES, 3 DRAWINGS, 46 PHOTOGRAPHS AND 2 ART GLASS PIECES BY BOTH PURCHASE AND GIFT ENHANCING THE COLLECTIONS OF AMERICAN, CHINESE, EUROPEAN, CONTEMPORAGY ART AND PHOTOGRAPHY. THE ACQUISITION OF ART IS CRITICAL TO ENERGIZING AND INTERPRETING THE OUTSTANDING LEGACY OF RALPH NORTON'S ORIGINAL GIFT OF PAINTINGS, SCULPTURE AND WORKS ON PAPER WHEN THE MUSEUM WAS FOUNDED. CONTINUING TO BROADEN OUR UNDERSTANDING OF HIS COLLECTION WITH ACQUISITIONS IS ONE OF OUR CORE MISSIONS AS THE MOST DISTINGUISHED MUSEUM IN THE SOUTHEAST UNITED STATES AND THE FOREMOST COLLECTION OF HISTORICAL OBJECTS INCLUDING THE EXQUISITELY CARVED LACQUER CHINESE PEACH FORM BOXES OF THE 18TH CENTURY AND PAINTINGS BY AFRICAN-AMERICAN ARTIST EDWARD BANNISTER, AS WELL AS GIFTS OF PAINTINGS BY 19TH CENTURY ARTISTS NOT FOUND IN THE COLLECTION. OTHER HIGHLIGHTS WERE THE ADDITION OF ARTWORKS BY EXHIBITING CONTEMPORARY ARTISTS IN SCULPTURE AND PHOTOGRAPHY.CONVERSATION IN FY 14 INCLUDED REGULAR MAINTENANCE OF THE COLLECTION, CLEANING AND PROTECTING OUTDOOR SCULPTURES AND SPECIAL TREATMENTS OF VULNERABLE ARTWORKS. AN UNUSUAL AGNES MARTIN PAINTING CREATED FROM A DRAWING MOUNTED TO CANVAS WAS SUCCESSFULLY TREATED THIS YEAR. GIFTS OF EUROPEAN ART WERE CLEANED AND STABILIZED AND GIFTS OF HISTORICAL OBJECTS RECEIVED THOROUGH EXAMINATIONS BY A PROFESSIONAL CONSERVATOR. 2851842 454101 EDUCATION: IN FY 14, THE NORTON EDUCATIONAL DEPARTMENT SERVED APPROXIMATELY 48,000 DIRECTLY THROUGH PROGRAMS. APPROXIMATELY 8,000 CHILDREN AND YOUTHS PARTICIPATED IN GRADE LEVEL APPROPRIATE MUSEUM TOURS AND ACTIVITIES, APPROXIMATELY 80% AT NO CHARGE. THROUGH ITS PROGRESSIVE AFTERSCHOOL ART COMMUNITY EDUCATION PROGRAM(PACE), NORTON'S TEACHING ARTISTS SHARED FREE ART LESSONS WITH APPROXIMATELY 600 CHILDREN IN UNDERSERVED COMMUNITIES THROUGHTOUT THE YEAR. APPROXIMATELY 290 TEACHERS AND SCHOOL DISTRICT ADMINISTRATORS RECEIVED ART-INTEGRATED PROFESSIONAL DEVELOPMENT AT NO CHARGE. THE MUSEUM BEGAN TO PROVIDE FREE BUSING FOR TOUR GROUPS FROM TITLE-1 PALM BEACH COUNTY PUBLIC SCHOOLS. LECTURES, COLLECTION AND SPECIAL EXHIBITION TOURS AND GALLERY TALKS PROVIDED LIFE-LONG LEARNING OPPORTUNITIES TO APPROXIMATELY 15,000 ADULTS THROUGH CONTACT WITH MUSEUM-TRAINED DOCENTS, MUSEUM EDUCATORS, CURATORS, OUTSIDE EXPERTS AND CONTEMPORARY ARTISTS. SPECIAL PROGRAMS, INCLUDING THE ANNUAL CHINESE MOON FESTIVAL, APPROXIMATELY 1,250 PARTICIPANTS FOR CULTURAL ART ACTIVITIES, MUSIC AND TOURS OF THE COLLECTION AND SPECIAL EXHIBITIONS. ART AFTER DARK EVENING PROGRAMS DREW 17,500 OVER THE COURSE OF THE YEAR FOR PUBLIC TOURS, GALLERY TALKS, FILMS, LIVE MUSIC AND DANCE PERFORMANCES, AND CULINARY EVENTS. THROUGH ALL THESE OFFERINGS, THE MUSEUM CONTINUES TO SEEK NEW WAYS TO ATTRACT AND SERVE A DIVERSE COMMUNITY WITH EDUCATIONAL PROGRAMS THAT LEAD VISITORS OF ALL AGES TO A RICHER ENGAGEMENT WITH THE ARTS. 8517487 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 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 117 0 102 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 HOPE ALSWANG EXECUTIVE DIRECTOR, CEO 40.00 X X 277338 0 0 HOWARD COX DIRECTOR 2.00 X 0 0 0 277338 0 0 1 0 1 0 FOSTER & PARTNERS 22 HESTER RD LONDON UK SW11 4AN ARCHITECTS 832948 CBTCHILDS BERTMAN TSECKARES INC 110 CANAL STREET BOSTON MA 02114 ARCHITECTS 377735 SLKL 5663 NE 35TH COURT MIAMI FL 33142 FOOD & BEVERAGES 275867 RESNICOW SCHROEDER 1995 BROADWAY 11TH FL NEW YORK NY 10023 PUBLIC RELATIONS 145122 4 X 1232110 984236 30108592 1533995 32324938 ADMISSIONS 713990 349216 349216 PROGRAM REVENUE 611610 202870 202870 552086 566091 566091 33725 94669 -60944 -60944 -60944 1198344 0 1198344 1198344 1198344 261648 984236 533661 -272013 -272013 489505 238275 251230 251230 FACILITY USE REVENUE 531390 82121 82121 OTHER INCOME 900099 9940 9940 92061 34651793 803316 0 1523539 448241 331412 116829 3090769 2332621 319595 438553 378324 315452 39553 23319 287109 212563 33860 40686 7077 7077 36923 36923 271318 271318 686973 310108 277300 99565 409370 409370 334133 253340 61586 19207 126159 106882 7324 11953 674456 546309 94424 33723 175257 95681 67858 11718 29501 23153 1813 4535 323714 262208 45320 16186 1177720 953953 164881 58886 461922 456422 5500 EXHIBITS 1236269 1236269 ACQUISITION OF ART 902803 902803 PRINTING AND GRAPHIC DE 122396 100353 838 21205 11180434 8517487 1754005 908942 5425 5731 2589066 2364762 5070928 30536915 5261 73387 74949 163599 167336 46126590 17648430 27489377 28478160 54818974 54817120 17074708 18032599 2428780 2678289 32205 901438 109751710 138057299 706281 823294 652447 655689 29500000 29500000 30858728 30978983 X 38573552 39177213 5361885 31916666 34957545 35984437 78892982 107078316 109751710 138057299 23471359 4713975 0 X X 0 1 X 1 0 X 2528210 4154534 4280329 4310218 32324938 47598229 465628 607238 437000 455074 489505 2454445 2993838 4761772 4717329 4765292 32814443 50052674 0 0 0 50052674 1593755 2925050 748018 976488 1798160 8041471 1593755 2925050 748018 976488 1798160 8041471 117709 87935 99256 133948 92061 530909 4705302 7774757 5564603 5875728 34704664 58625054 0.85380 0.80030 0.13720 0.18040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 34957545 69325 957567 35984437 32569857 1776275 867866 -256453 34957545 31205106 54065 1338786 -28100 32569857 32882924 54200 -2776624 -1044606 31205106 31616784 97489 591265 -577386 32882924 0 0 869214 4469265 5338479 522500 37729232 15451714 22800018 79154 79154 0 2206213 1872436 333777 251012 245126 5886 28478160 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 17911430 F BENEFICIAL INTEREST IN REMAINDER TRUSTS 121169 F 18032599 X 39911818 4713975 866605 5580580 34331238 271318 49237 320555 34651793 11726484 866605 866605 10859879 271318 49237 320555 11180434 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, 2014 AND 2013. THE NORTON IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO SEPTEMBER 30, 2011. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVENTORY RELATED COST OF GOODS SOLD 238,275. SPECIAL EVENTS EXPENSES 533,661. RENTAL EXPENSES 94,669. PART XI, LINE 4B - OTHER ADJUSTMENTS: CHARITABLE GIFT ANNUITY PAYMENTS 49,237. PART XII, LINE 2D - OTHER ADJUSTMENTS: INVENTORY RELATED COST OF GOODS SOLD 238,275. SPECIAL EVENTS EXPENSES 533,661. RENTAL EXPENSES 94,669. PART XII, LINE 4B - OTHER ADJUSTMENTS: CHARITABLE GIFT ANNUITY PAYMENTS 49,237. PREMIERE DAVID WEBB 376750 347500 29250 56063 26310 71211 BAL DES ARTS 687565 597840 89725 106542 76189 112138 3 181569 38896 142673 8338 76870 1245884 984236 261648 170943 102499 260219 533661 -272013 X 0 0 X X 0 1 0 0 0 0 0 0 0 HOPE ALSWANG EXECUTIVE DIRECTOR, CEO 277338 0 0 0 0 0 0 0 0 0 277338 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 4 1533995 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 XII, LINE 2C: THE POLICY FOR THE OVERSIGHT COMMITTEE HAS NOT CHANGED DURING THE YEAR.