2015-03-13T14:34:25-05:00 2014-07-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 650N BETHESDA MD 208142930 990 2013-08-01 530204620 THE PHILLIPS COLLECTION PHIL 2023872151 1600 21ST STREET NW WASHINGTON DC 20009 SUSAN J NICHOLS CHIEF OPERATING OFFICER 2023872151 2015-03-13 1 3019519090 2013 2016-02-25 16:41:14Z GEORGE VRADENBURG 1600 21ST STREET NW WASHINGTON DC 20009 32597270 0 X WWW.PHILLIPSCOLLECTION.ORG X 1921 DC THE PHILLIPS COLLECTION IS THE OLDEST MUSEUM OF MODERN AND CONTEMPORARY ART IN THE U.S. IN ADDITION TO PRESENTATION OF WORKS FROM THE PERMANENT COLLECTION AND SPECIAL EXHIBITIONS, THE MUSEUM MAINTAINS ACTIVE EDUCATIONAL, ACADEMIC, AND PUBLIC PROGRAM SERIES AND NUMEROUS PARTNERSHIPS WITH OTHER D.C. ARTS ORGANIZATIONS, EMBASSIES, AND EDUCATIONAL INSTITUTIONS. THE PHILLIPS TAKES PRIDE IN ITS HERITAGE AS AN INTIMATE MUSEUM COMBINED WITH AN EXPERIMENT STATION. 30 30 215 120 -18202 -18202 5014077 7233001 3516459 3693452 1065145 3746164 215233 416700 9810914 15089317 0 0 0 0 6447034 6795702 28355 122888 1848577 6235159 6258769 12710548 13177359 -2899634 1911958 87795596 90558400 15963673 14365630 71831923 76192770 X THE PHILLIPS COLLECTION IS AN INTIMATE MUSEUM COMBINED WITH AN EXPERIMENT STATION. AT ITS HEART IS AN EXCEPTIONAL COLLECTION OF MODERN AND CONTEMPORARY ART AROUND WHICH WE CREATE A DYNAMIC ENVIRONMENT FOR LOOKING, LEARNING, AND ENJOYMENT. 0 0 1350651 100810 PRESENTATION OF EDUCATIONAL PROGRAMS AND ACTIVITIES FOR THE GENERAL PUBLIC AND FOR SCHOOL AUDIENCES INCLUDING AN ANNUAL 2-DAY FAMILY FESTIVAL, ACADEMIC CREDIT CLASSES HELD IN COLLABORATION WITH GEORGE WASHINGTON UNIVERSITY, THE UNIVERSITY OF VIRGINIA,AND THE GEORGETOWN UNIVERSITY SCHOOL OF FOREIGN SERVICE, THE POPULAR PHILLIPS AFTER 5 EVENINGS WELCOMED NEARLY 14,000 VISITORS DURING FY14. DURING FY14, THE MUSEUM BROADENED THE REACH OF ITS PRISM.K12 TEACHING FRAMEWORK THROUGH ITS WEBSITE AND ACCOMPANYING SOCIAL MEDIA PLATFORMS. EDUCATIONAL OUTREACH TOUCHED 1240 EDUCATORS, OVER 5600 STUDENTS DIRECTLY, AND 70 SCHOOLS DIRECTLY WITH MANY MORE REACHED INDIRECTLY. THE ART LINKS MUSEUM-IN-RESIDENCE PROGRAM IS DESIGNED TO ADAPT TO THE NEEDS OF INDIVIDUAL SCHOOLS, EDUCATORS, AND LEARNERS AND SERVES PRESCHOOL THROUGH 8TH GRADE, INCLUDING SPECIAL EDUCATION AND AUTISM CLASSROOMS. ADULT PROGRAMS INCLUDE FILM SCREENINGS, IN-GALLERY PROGRAMS, PERFORMANCES, LECTURES, PANELS, AND SYMPOSIA, AS WELL AS GUIDE BY CELL AUDIO TOURS. THE ART AND WELLNESS INITIATIVE, SERVING OLDER ADULTS AND THEIR FAMILIES AND CAREGIVERS, USES ARTWORK AS VISUAL STIMULUS TO SUPPORT THE ART THERAPY STUDIO AT THE SENIORS' IONA SENIOR SERVICES RESIDENCE. JAZZ 'N FAMILIES FUN DAYS, THE MUSEUM'S ANNUAL 2-DAY FAMILY FESTIVAL, WELCOMED OVER 2000 VISITORS. THE FESTIVAL, IN COLLABORATION WITH THE DC JAZZ FESTIVAL, HIGHLIGHTED THE SYNERGY BETWEEN JAZZ AND THE VISUAL ARTS WITH MUSICIANS THROUGHOUT THE MUSEUM IMPROVISING IN RESPONSE TO PAINTINGS. FREE ADMISSION IS PROVIDED FOR THIS ANNUAL WEEKEND EVENT. DURING FY14, THE EDUCATION STAFF CONTINUED EXPERIMENTATION WITH THE USE OF MOBILE DEVICES TO ENGAGE VISITORS, INCLUDING A UCURATE OPPORTUNITY FOR VISITORS TO CREATE THEIR OWN VIRTUAL EXHIBITIONS OF WORKS FROM THE MUSEUM'S COLLECTION AND THE WEEKLY #BREAKFORART TWITTER EXCHANGE. 4178314 780000 DEVELOPMENT AND PRESENTATION OF A SERIES OF SPECIAL EXHIBITIONS DRAWN FROM THE MUSEUM'S OWN HOLDINGS AS WELL AS FROM OTHER INSTITUTIONS AND PRIVATE COLLECTIONS. FY14 HIGHLIGHTS INCLUDED: VAN GOGH REPETITIONS, CO-ORGANIZED WITH THE CLEVELAND MUSEUM OF ART, WHICH BROKE MUSEUM ATTENDANCE RECORDS WITH AVERAGE VISITATION OF OVER 1100 GUESTS PER DAY; AND A COMPREHENSIVE EXHIBITION OF THE MUSEUM'S OWN AMERICAN COLLECTION CALLED MADE IN THE USA, PRESENTING 120+ WORKS WHICH HAVE RECENTLY RETURNED TO WASHINGTON AFTER AN EXTENSIVE NATIONAL AND INTERNATIONAL TOUR. EACH OF THESE EXHIBITIONS WAS ACCOMPANIED BY A CATALOGUE PUBLISHED BY YALE UNIVERSITY PRESS. THE MUSEUM'S CONTEMPORARY INTERSECTIONS SERIES INCLUDED INSTALLATIONS BY JOHN SIMON, JEAN MEISEL, AND VESNA PAVLOVIC. MAJOR PROGRAMMING ACCOMPANIED EACH EXHIBITION OR INSTALLATION INCLUDING LECTURES, FILM SCREENINGS, DANCE, THEATRE, AND MUSICAL PERFORMANCES, CONVERSATIONS WITH CONTEMPORARY ARTISTS, IN-GALLERY PROGRAMS, AND SYMPOSIA AND PANELS. 2545292 268109 MANAGEMENT AND MAINTENANCE OF THE MUSEUM'S PERMANENT COLLECTION OF OVER 3,000 WORKS ORIGINALLY CREATED BEGINNING IN 1913 BY DUNCAN PHILLIPS AND LATER HIS WIFE MARJORIE PHILLIPS AND OPENED TO THE PUBLIC BEGINNING IN 1921 AS THE NATION'S FIRST MUSEUM OF MODERN ART. ACTIVITIES INCLUDE CONSERVATION, ACQUISITION OF NEW WORKS THROUGH BOTH GIFT AND PURCHASE, DIGITAL REPRODUCTION FOR PUBLICATIONS AND FOR PRESENTATION ON THE MUSEUM'S WEBSITE AND ON ARTSTOR AND GOOGLE ART, AND RESEARCH AND INTERPRETATION FOR SCHOLARS AND THE PUBLIC UTILIZING THE MUSEUM'S LIBRARY AND ARCHIVES. THE MUSEUM LENDS FREQUENTLY TO COLLEAGUE INSTITUTIONS AND DEVELOPS EXHIBITIONS FOR PRESENTATION AT OTHER MUSEUMS. DURING FY14, A NEW EXHIBITION OF HIGHLIGHTS FROM THE COLLECTION WAS DEVELOPED FOR PRESENTIONATION AT TWO VENUES IN KOREA. THE MUSEUM'S POPULAR "CONVERSATIONS WITH ARTISTS" SERIES, FEATURING INTERNATIONAL CONTEMPORARY ARTISTS, EMBRACES THE FULL SPECTRUM OF ARTISTIC PRACTICE AND PRODUCTION AND FEATURED WADE GUYTON, HASSAN KHAN, AND ZOE CHARLTON, AMONG OTHERS. A DAY OF CONVERSATIONS AMONG POLICYMAKERS, ENTREPRENEURS, ARTS PROFESSIONALS, AND ARTISTS (THE CULTURE OF POWER/THE POWER OF CULTURE) PROVIDED INSIGHT INTO THE SHARED PERSPECTIVES ON THE POLITICAL IMPACT OF THE ARTS, THE ROLE OF THE ART MARKET ON THE ARTISTIC AND ECONOMIC COMMUNITIES, AND THE PERTINENCE OF ART BIENNIALS IN A GLOBALIZED WORLD. 2373457 3055846 PUBLIC ACTIVITIES AND OUTREACH INCLUDING SPECIAL EVENTS, MEDIA AND MARKETING ACTIVITIES, VISITOR AMENITIES, AND COMMUNITY RELATIONS. THE MUSEUM'S RENOWNED SUNDAY CONCERT SERIES, BEGUN IN 1941, FILLS THE MUSIC ROOM EACH SUNDAY AFTERNOON OCTOBER THROUGH MAY AND DRAWS RAVE REVIEWS. THE CONCERTS ARE FREQUENTLY AIRED ON WASHINGTON'S CLASSICAL MUSIC STATION, WETA, AFTER THE LIVE PERFORMANCE. SOME CONCERTS, FEATURING THE PHILLIPS CAMERATA, ARE SHARED WITH THE NATIONAL GALLERY OF ART. FY14 PERFORMERS INCLUDED QUEEN ELISABETH COMPETITION WINNER BORIS GILTBURG, IMA HOGG COMPETITION WINNER MORAN KATZ, AUSTRALIAN DIDGERIDOO STAR WILLIAM BARTON, WIDEMAN INTERNATIONAL COMPETITION WINNER ASIYA KOREPANOVA, AND PROMINENT U.K. CELLIST PHILIP HIGHAM. THE LEADING EUROPEAN COMPOSERS SERIES CONTINUED IN FY14 IN PARTNERSHIP WITH THE EMBASSIES OF SLOVENIA AND ESTONIA. A REBRANDING CAMPAIGN AUTHORIZED IN FY14 HAS ADAPTED THE MUSEUM'S LOGO AND MARKETING MATERIALS TO ALIGN WITH OUR STRATEGIC GOALS AND OUR CONTEMPOARY THINKING ABOUT THE FUTURE OF THE MUSEUM. THE MUSEUM CONTINUES TO COLLABORATE WITH NUMEROUS PARTNER INSTITUTIONS IN D.C., NATIONALLY, AND INTERNATIONALLY. 2373457 3055846 10447714 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 86 0 1 215 1 0 0 0 0 0 0 0 0 0 0 X 30 30 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 AL AK AZ AR CA CO CT DC FL IL KS KY ME MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC UT VA WA WV WI MD X X SUSAN J NICHOLS 2023872151 1600 21ST STREET NW WASHINGTON DC 20009 GEORGE VRADENBURG CHAIRMAN 15.00 X X 0 0 0 A FENNER MILTON VICE CHAIRMAN 2.00 X X 0 0 0 GEORGE D SWYGERT VICE CHAIRMAN 2.00 X X 0 0 0 THOMAS D RUTHERFORD TREASURER 2.00 X X 0 0 0 LINDA LICHTENBERG KAPLAN SECRETARY 2.00 X X 0 0 0 SCOTT SPECTOR TRUSTEE 2.00 X 0 0 0 TONI H PAUL TRUSTEE 1.00 X 0 0 0 CAROLYN SMALL ALPER TRUSTEE 1.00 X 0 0 0 C RICHARD BELGER TRUSTEE 1.00 X 0 0 0 JAMES T DEMETRION TRUSTEE 1.00 X 0 0 0 LAWRENCE DUNCAN III TRUSTEE 1.00 X 0 0 0 JANET BRENNER TRUSTEE 1.00 X 0 0 0 CAROL BROWN GOLDBERG TRUSTEE 1.00 X 0 0 0 JOHN DESPRES TRUSTEE 2.00 X 0 0 0 LYN RALES TRUSTEE 1.00 X 0 0 0 GERALD W FISCHER TRUSTEE 1.00 X 0 0 0 BONNIE BURKE HIMMELMAN TRUSTEE 4.00 X 0 0 0 LYNNE HORNING TRUSTEE 2.00 X 0 0 0 LINDSAY ELLENBOGAN TRUSTEE 1.00 X 0 0 0 MARY HOWELL TRUSTEE 2.00 X 0 0 0 B THOMAS MANSBACH TRUSTEE 1.00 X 0 0 0 LEO ZICKLER TRUSTEE 2.00 X 0 0 0 ALAN FLEISCHMAN TRUSTEE 1.00 X 0 0 0 ALICE PHILLIPS SWISTEL TRUSTEE 1.00 X 0 0 0 ALAN L WURTZEL TRUSTEE 2.00 X 0 0 0 MOSHIRA SOLIMAN TRUSTEE 1.00 X 0 0 0 ROBIN ROWAN CLARKE TRUSTEE 1.00 X 0 0 0 ERIC RICHTER TRUSTEE 1.00 X 0 0 0 RONALD A PAUL TRUSTEE 1.00 X 0 0 0 JANET MACOMBER WILLIAMSON TRUSTEE 1.00 X 0 0 0 SUSAN J NICHOLS CHIEF OPERATING OFFICER 45.00 X 168446 0 6909 DOROTHY KOSINSKI DIRECTOR 60.00 X 316409 0 9711 DALE MOTT DIRECTOR OF DEVELOPMENT 45.00 X 170677 0 5581 ELIZA RATHBONE CHIEF CURATOR 42.00 X 138028 0 8706 KLAUS OTTMANN DIRECTOR OF THE CENTER FOR THE STUDY OF MODERN ART 42.00 X 156858 0 1101 950418 0 32008 5 0 1 0 MASTERPIECE INTERNATIONAL 39 BROADWAY SUITE 1410 NEW YORK NY 10006 INTERNATIONAL ART TRANSPORT 339755 ARTEX FINE ART SERVICES 8712 JERICHO CITY DRIVE LANDOVER MD 20785 ART STORAGE & TRANSPORT 216003 OCCASIONS CATERING 5458 3RD STREET NE WASHINGTON DC 20011 CATERING SERVICES 145589 GRENZEBACH GLIER & ASSOCIATES 401 N MICHIGAN AVENUE SUITE 2800 CHICAGO IL 60611 CAMPAIGN CONSULTING 136516 ARTS AND CULTURE NETWORK (DBA WIT MEDIA) PO BOX 3534GCS NEW YORK NY 10163 MEDIA/PROMOTION 110138 5 562799 718034 172560 5779608 477717 7233001 VISITOR FEES 900099 1334868 1334868 MEMBERSHIP DUES 900099 1054492 1054492 FEES FROM EXHIBITIONS/LOANED ART 900099 927987 927987 FACILITY RENTAL INCOME 900099 201039 201039 EDUCATIONAL PROGRAMS 900099 175066 175066 3693452 616561 -18202 634763 18707 18707 19881857 16752254 3129603 3129603 3129603 129741 718034 250083 -120342 -120342 1016929 505616 511313 511313 MISCELLANEOUS 900099 7022 7022 7022 15089317 4204765 -18202 3669753 702598 278825 98074 325699 4999593 4282610 59976 657007 219463 172489 29142 17832 428170 359815 21024 47331 445878 352738 34700 58440 5127 2949 1536 642 47239 30445 10165 6629 122888 122888 193019 193019 895477 661740 37550 196187 261456 247039 2997 11420 682168 414607 97422 170139 302256 210471 59566 32219 830736 722246 82438 26052 145544 104272 13645 27627 370452 343244 13063 14145 1186971 1048095 104810 34066 374831 363554 8292 2985 OTHER EXHIBITION EXP. 570345 569556 754 35 MISCELLANEOUS 323764 213635 12895 97234 PURCHASE OF ART 69384 69384 13177359 10447714 881068 1848577 330122 94354 3065210 3164195 371000 46571 300749 305963 104271 99884 47185617 17234372 30955546 29951245 17346068 14789845 35322630 42106343 87795596 90558400 772944 773847 264033 100307 13402558 12696893 1280529 630529 243609 164054 15963673 14365630 X 14825038 15936372 22747904 23890447 34258981 36365951 71831923 76192770 87795596 90558400 1911958 2448889 0 X 0 1 X 1 0 X 19807865 6528586 4504494 5014077 7233001 43088023 19807865 6528586 4504494 5014077 7233001 43088023 15015657 28072366 564973 614277 571311 618626 653470 3022657 11416 10049 5987 -18202 9250 448365 44584 50443 8053 7022 558467 46678397 19070335 0.60140 0.52700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 11625 11625 0 PART II-B, LINE 1: THE PHILLIPS COLLECTION ENGAGES A LOBBYING FIRM TO EDUCATE CONGRESS ON THE IMPORTANCE OF FUNDING FOR THE ARTS IN THE DISTRICT OF COLUMBIA. EACH YEAR, THE FEDERAL BUDGET APPROPRIATES MONEY FOR SUPPORT THROUGH THE NATIONAL CAPITAL ARTS AND CULTURAL AFFAIRS PROGRAM. X X X X 0 32323928 2158489 5088700 2310983 56964 37203170 29684874 104637 4841892 2183094 124381 32323928 31525454 297622 -15366 2051449 71387 29684874 28428896 909426 4567574 2363509 16933 31525454 29858980 -2509677 2307092 1258553 -31054 28428896 0.98000 0.02000 0 0 833240 833240 42491773 13916008 28575765 2729862 2503871 225991 1130742 814493 316249 29951245 TIFF MULTI-ASSET FUNDS 1750706 F ALTERNATIVE FUNDS 40355637 F 42106343 GIFT ANNUITIES 160605 CAPITAL LEASES 3449 164054 X 13751715 352996 2120378 2473374 11278341 3810976 3810976 15089317 11641830 352996 352996 11288834 1888525 1888525 13177359 PART III, LINE 1A: WORKS OF ART IN THE MUSEUM'S COLLECTION ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENTS OF FINANCIAL POSITION. PURCHASES OF ART ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IF PURCHASED WITH UNRESTRICTED ASSETS AND AS DECREASES IN TEMPORARILY RESTRICTED OR PERMANENTLY RESTRICTED NET ASSETS IF PURCHASED WITH DONOR-RESTRICTED ASSETS. CONTRIBUTIONS OF COLLECTION ITEMS ARE NOT RECOGNIZED IN THE STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS; HOWEVER, CERTAIN CONTRIBUTIONS ARE RECORDED AS INCREASES IN TEMPORARILY RESTRICTED NET ASSETS IF A DONOR MAKES A CONTRIBUTION INTENDED TO FUND THE SUBSEQUENT PURCHASE OF ART. PROCEEDS FROM THE SALE OF DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED ON THE STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS BASED ON THE ABSENCE OR EXISTENCE AND NATURE OF DONOR-IMPOSED RESTRICTIONS. THERE WERE NO DEACCESSIONS DURING EACH OF THE YEARS ENDED JULY 31, 2014 AND 2013. PART III, LINE 4: AS STATED IN ARTICLE 3 OF THE COLLECTION'S ARTICLES OF INCORPORATION, THE FOCUS OF THE PERMANENT COLLECTION IS THE EMERGENCE OF MODERN ART IN EUROPE AND THE UNITED STATES IN THE LATE NINETEENTH AND THE TWENTIETH CENTURIES (NOW THE 21ST AS WELL), AND IN PARTICULAR THE EXPRESSIVE, INDIVIDUALISTIC, COLORFUL, NATURE-BASED ART FAVORED BY DUNCAN PHILLIPS. PHILLIPS WISHED FOR THE MUSEUM TO CONTINUE TO COLLECT CONTEMPORARY ART OF THE KIND HE FAVORED SO THAT LIVING AND EMERGING ARTISTS WOULD HAVE A VENUE TO SHOW THE RESULTS OF THEIR RESEARCH AND THEIR AESTHETIC ADVENTURES. THE COLLECTION PERMITS THE MUSEUM TO PROVIDE OUTSTANDING EXHIBITIONS AND RELATED ART PROGRAMMING FOR THE EDUCATION OF THE PUBLIC. PART V, LINE 4: THE MUSEUM'S ENDOWMENT IS INVESTED TO PROVIDE INCOME FOR OPERATIONS, FOR PROGRAMS AND EXHIBITIONS, FOR DISPLAY AND PRESERVATION OF THE PERMANENT COLLECTION, AND FOR PURCHASES OF WORKS OF ART. PART X, LINE 2: FOR THE YEARS ENDED JULY 31, 2014 AND 2013, THE COLLECTION HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FEDERAL FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, IS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER IT IS FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: ENDOWMENT EARNINGS TRANSFERRED FOR OPERATIONS 2,120,378. PART XI, LINE 4B - OTHER ADJUSTMENTS: GALA EXPENSES NETTED AGAINST REVENUE ON THE FINANCIAL 48,690. STATEMENTS AND INCLUDED AS AN EXPENSE ON FORM 990, PART VIII MEMBERSHIP TRAVEL EXPENSES NETTED AGAINST REVENUE ON THE 24,210. FINANCIAL STATEMENTS AND INCLUDED AS AN EXPENSE ON FORM 990, PART VIII INTEREST/DIVIDENDS, NON-OPERATING, REPORTED AS AN "OTHER 610,095. ITEM" ON THE FINANCIAL STATEMENTS AND INCLUDED AS REVENUE ON FORM 990, PART VIII REALIZED GAINS, NON-OPERATING, REPORTED AS AN "OTHER ITEM" 3,129,603. ON THE FINANCIAL STATEMENTS AND INCLUDED AS REVENUE ON FORM 990, PART VIII OPERATING UNREALIZED LOSSES NOT REPORTED ON FORM 990, PART VIII -1,622. PART XII, LINE 4B - OTHER ADJUSTMENTS: BOND EXPENSES, NON-OPERATING REPORTED AS AN "OTHER ITEM" ON 371,503. THE FINANCIAL STATEMENTS AND INCLUDED AS AN EXPENSE ON FORM 990, PART IX ART ACQUISITION COSTS REPORTED AS AN "OTHER ITEM" ON THE 69,384. FINANCIAL STATEMENTS AND INCLUDED AS AN EXPENSE ON PART IX DEPRECIATION, NON-OPERATING, REPORTED AS AN "OTHER ITEM" ON 1,027,469. THE FINANCIAL STATEMENTS AND INCLUDED AS AN EXPENSE ON FORM 990, PART IX GALA EXPENSES NETTED AGAINST REVENUE ON THE FINANCIAL 48,690. STATEMENTS AND INCLUDED AS AN EXPENSE ON FORM 990, PART VIII MEMBERSHIP TRAVEL EXPENSES NETTED AGAINST REVENUE ON THE 24,210. FINANCIAL STATEMENTS AND INCLUDED AS AN EXPENSE ON FORM 990, PART VIII UNRELATED BUSINESS INCOME TAXES NETTED AGAINST REVENUE ON 98. THE FINANCIAL STATEMENTS AND INCLUDED AS AN EXPENSE ON FORM 990, PART IX CAPITAL CAMPAIGN EXPENSES REPORTED AS AN "OTHER ITEM" ON 154,250. THE FINANCIAL STATEMENTS AND INCLUDED AS AN EXPENSE ON FORM 990, PART IX INVESTMENT EXPENSES REPORTED AS AN "OTHER ITEM" ON THE 192,921. FINANCIAL STATEMENTS AND INCLUDED AS AN EXPENSE ON FORM 990, PART VIII EAST ASIA AND PACIFIC 0 0 PROGRAM SERVICE ART EXHIBITION 363845 0 0 0 0 0 0 363845 0 363845 1 0 1 1 1 0 X X X X X X X 1 BREAKTHROUGH STRATEGIES 161 KENYON STREET NW 48 WASHINGTON DC 20010 TELEMARKETING & MEMBERSHIP APPEALS 0 723332 92000 631332 GRENZEBACH GLIER & ASSOCIATES BOX 88277 DEPT A CHICAGO IL 60680 CAMPAIGN PLAN DEVELOPMENT 0 0 128971 -128971 723332 220971 502361 AL AK AZ AR CA CO CT DE DC FL GA ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA SC SD TN TX UT VT VA WA WV WI WY GALA 847775 718034 129741 11000 113458 13077 112548 0 847775 718034 129741 11000 113458 13077 112548 250083 -120342 X X X X X 0 0 0 0 0 0 0 0 0 SUSAN J NICHOLS CHIEF OPERATING OFFICER 157061 0 0 0 11385 0 0 0 6909 0 175355 0 0 0 DOROTHY KOSINSKI DIRECTOR 298393 0 0 0 18016 0 0 0 9711 0 326120 0 0 0 DALE MOTT DIRECTOR OF DEVELOPMENT 159547 0 0 0 11130 0 0 0 5581 0 176258 0 0 0 KLAUS OTTMANN DIRECTOR OF THE CENTER FOR THE STUDY OF MODERN ART 146206 0 0 0 10652 0 0 0 1101 0 157959 0 0 0 A DISTRICT OF COLUMBIA 536001131 254839E82 2012-11-01 27000000 MUSEUM EXPANSION - DC 30 YEAR BOND ISSUED IN 2003 AND REISSUED IN 2012. 0 0 0 A 15468940 27000000 27000000 2006 0 0 0 1 A 0 0 0 0 0 0 0 A 0 0 0 1 0 0 0 0 0 A 0 X 157 X 27 397741 TRADE CONFIRMATIONS X GIVE-AWAYS, A 11 42345 VENDOR CONFIRMATION X FOOD/BEVERAGE 6 37631 VENDOR CONFIRMATION 0 0 1 0 PART I, LINE 33: THE ORGANIZATION DOES NOT REPORT THE VALUE OF ART HOLDINGS ON ITS FINANCIAL STATEMENT. FORM 990, PART VI, SECTION A, LINE 4 DURING FY14, THE BOARD OF TRUSTEES APPROVED AN INCREASE IN THE MAXIMUM NUMBER OF BOARD MEMBERS PERMITTED FROM 30 TO 35. FORM 990, PART VI, SECTION B, LINE 11 THE AUDITED FINANCIALS WERE PREPARED BY MANAGEMENT AND AUDITED BY THE MUSEUM'S ACCOUNTANTS. THE FORM 990 WAS PREPARED BY MANAGEMENT AND REVIEWED BY THE MUSEUM'S ACCOUNTANTS. THE AUDIT COMMITTEE OF THE BOARD WAS CHARGED WITH REVIEWING THE AUDITED FINANCIALS AND THE ANNUAL 990 FILING. THESE DOCUMENTS WERE REVIEWED IN SPECIAL MEETINGS OF THE COMMITTEE ATTENDED BY MUSEUM STAFF AND (IN THE INSTANCE OF THE AUDITED FINANCIALS) THE EXTERNAL AUDITORS. FORM 990, PART VI, SECTION B, LINE 12C KEY EMPLOYEES ARE REQUIRED TO COMPLY WITH THE CONFLICTS OF INTEREST POLICY DETAILED IN THE STAFF HANDBOOK AND TO SIGN ACKNOWLEDGING THAT THEY HAVE DONE SO. LETTERS REITERATING THE POLICY FOR BOARD MEMBERS ARE SENT ANNUALLY TO EACH BOARD MEMBER AS PART OF THE ANNUAL AUDIT PROCESS. EACH BOARD MEMBER IS REQUIRED TO SEND A WRITTEN RESPONSE INDICATING THEIR COMPLIANCE. IF A CONFLICT WERE TO ARISE, IT WOULD BE RESOLVED BY DISCUSSION WITH THE BOARD CHAIR AND VICE CHAIRS, LEGAL COUNSEL, AND THE BOARD MEMBER AS TO THE APPROPRIATE RESOLUTION. FORM 990, PART VI, SECTION B, LINE 15A THE DIRECTOR OF THE MUSEUM WAS HIRED WITH THE ASSISTANCE OF A SEARCH FIRM WITH MAJOR NOT-FOR-PROFIT CLIENTS. ITS SALARY RECOMMENDATION WAS BASED UPON COMPARABLES FROM THAT FIRM'S EXPERIENCE AS WELL AS ON NATIONAL STATISTICAL SURVEYS. GOING FORWARD, THE DIRECTOR'S SALARY IS DETERMINED BY THE BOARD'S CHAIR AND VICE CHAIRS BASED UPON PERFORMANCE RESULTS AND COMPARABLES WITH OTHER MUSEUMS. ALL OTHER EMPLOYEES ARE HIRED IN SALARY RANGES UTILIZING LOCAL AND/OR NATIONAL STATISTICAL SURVEYS. INCREASES IN COMPENSATION (IF ANY) ARE DETERMINED BY THE DIRECTOR BASED UPON PERFORMANCE RESULTS AND IN COMPARISON WITH OTHER INSTITUTIONS BASED UPON STATISTICAL SURVEYS. FOR PROFESSIONAL STAFF, THE MOST COMMON SURVEY USED IS THE AMERICAN ASSOCIATION OF MUSEUM DIRECTORS ANNUAL SALARY SURVEY. THE LAST SALARY REVIEW TOOK PLACE IN JULY 2013. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S MOST RECENT 990 IS POSTED ON THE MUSEUM'S WEBSITE AND IS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, AUDITED FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE BY REQUEST. THE AUDITED FINANCIAL STATEMENTS ARE ALSO AVAILABLE IN SUMMARY FORM WITHIN THE MUSEUM'S MEMBER MAGAZINE EACH YEAR. THE MOST RECENT AUDITED FINANCIAL STATEMENTS AND 990 ARE POSTED ON THE MUSEUM'S WEBSITE.