2015-11-16T15:16:33-06:00 2015-06-30 221478099 COHNREZNICK LLP 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2014-07-01 060653111 WADSWORTH ATHENEUM MUSEUM OF ART WADS 8602782670 600 MAIN STREET HARTFORD CT 06103 SUSAN TALBOTT CFO 8602782670 2015-11-16 1 PATRICIA MCGOWAN P00184514 9592007000 2014 2016-04-25 22:37:26Z SUSAN TALBOTT 600 MAIN STREET HARTFORD CT 06103 44641552 0 X WWW.WADSWORTHATHENEUM.ORG X 1842 CT HOLDING ITS COLLECTION IN TRUST FOR ALL PEOPLE, THE WADSWORTH ATHENEUM IS DEDICATED TO ADVANCING AND INSPIRING EVERYONE TO EXPERIENCE AND APPRECIATE EXCELLENCE IN ART AND CULTURE. 39 39 106 263 0 0 13297896 16492449 1539642 1381918 4044769 5649139 138164 226038 19020471 23749544 0 0 0 0 3956663 4039451 0 0 1081469 9163920 7644797 13120583 11684248 5899888 12065296 134546245 141952518 4872311 4894557 129673934 137057961 X HOLDING ITS COLLECTION IN TRUST FOR ALL PEOPLE, THE WADSWORTH ATHENEUM IS DEDICATED TO ADVANCING AND INSPIRING EVERYONE TO EXPERIENCE AND APPRECIATE EXCELLENCE IN ART AND CULTURE. 0 0 6048796 747886 TOTAL MUSEUM ATTENDANCE FOR FY 2015 WAS 92,038.CURATING AND CURATORIAL RESEARCH FY 2015THE CURATORIAL DIVISION CARES FOR, RESEARCHES, AND DISPLAYS THE MUSEUM'S COLLECTION OF ART. THESE INCLUDE PAINTINGS, SCULPTURES, DECORATIVE ARTS (FURNITURE, GLASS, CERAMICS, AND METALWORK), WORKS ON PAPER, COSTUMES AND TEXTILES, AND VIDEOS, RANGING IN DATE FROM ANTIQUITY TO CONTEMPORARY AND INCLUDING WORKS FROM MOST CONTINENTS. THE CURATORIAL DIVISION IS ALSO RESPONSIBLE FOR CURATING THE EXHIBITION PROGRAM FOR THE MUSEUM, WHICH IN FY2015 COMPRISED THE FOLLOWING:RUBEN OCHOA / MATRIX 169: CLOUDLESS DAY, CLOSED SEPTEMBER 7, 2014; FROHAWK TWO FEATHERS / MATRIX 170: ON ERRYTHANG (ON EVERYTHING), OCTOBER 2, 2014-JANUARY 4, 2015; HEAVEN & EARTH: MASTERWORKS FROM THE PERMANENT COLLECTION, NOVEMBER 1, 2014-MAY 17, 2015; THE JASON TAPESTRIES, NOVEMBER 28, 2014-JULY 5, 2015; CONNECTIONS GALLERY: WALTON FORD'S NOVAYA ZEMLYA, CLOSED DECEMBER 14, 2015; CONEY ISLAND: VISIONS OF AN AMERICAN DREAMLAND, 1861-2008, JANUARY 31-MAY 31, 2015; MICHAEL C. MCMILLEN / MATRIX 171: SIDESHOW, JANUARY 31-MAY 3, 2015; CONNECTIONS GALLERY: MATRIX @ 40: COLLECTION CONNECTIONS, OPENED JANUARY 31, 2015; AND MARK BRADFORD / MATRIX 172, OPENED JUNE 4, 2015. PERMANENT COLLECTION INSTALLATIONS INCLUDED: AMERICAN IMPRESSIONISM GALLERIES, OPENED SEPTEMBER 27, 2014; ABSTRACTION AND FORM, CLOSED OCTOBER 19, 2014; EUROPEAN MASTERWORKS FROM THE PERMANENT COLLECTION, CLOSED OCTOBER 26, 2014; AND POST-WAR & CONTEMPORARY ART, OPENED JANUARY 31, 2015.CURATORIAL RESEARCH RESULTED IN THE FOLLOWING PUBLICATIONS: ALYCE PERRY ENGLUND, "MEASURING AND DOCUMENTING PERIOD FURNITURE," JOURNAL OF AMERICAN PERIOD FURNITURE, SOCIETY OF AMERICAN PERIOD FURNITURE MAKERS (2015); -"SPEAKING THROUGH WOOD: THE CIVIL WAR AND TWO IMPORTANT PIECES OF VERNACULAR FURNITURE AT THE WADSWORTH ATHENEUM," THE MAGAZINE ANTIQUES, VOL. CLXXXII, NO. 4 (JULY/AUGUST 2015): PP. 92-95; -SOUND AND SENSE: POETIC MUSINGS IN AMERICAN ART AT THE WADSWORTH ATHENEUM MUSEUM OF ART, EXHIBITION COMPANION. WADSWORTH ATHENEUM MUSEUM OF ART, HARTFORD, CONN. (2015); ROBIN JAFFEE FRANK, CONEY ISLAND: VISIONS OF AN AMERICAN DREAMLAND, 1861-2008 (YALE UNIVERSITY PRESS IN ASSOCIATION WITH THE WADSWORTH ATHENEUM MUSEUM OF ART, 2015). ROBIN JAFFEE FRANK, EDITOR AND LEAD AUTHOR; WITH ESSAYS BY CHARLES DENSON, JOSH GLICK, JOHN F. KASSON, AND CHARLES MUSSER. CATALOGUE FOR AN EXHIBITION AT THE WADSWORTH ATHENEUM MUSEUM OF ART, HARTFORD, CONN.; SAN DIEGO MUSEUM OF ART, CALIF.; BROOKLYN MUSEUM, N.Y.; MCNAY ART MUSEUM, SAN ANTONIO, 2015-2016; -"WONDER AND MENACE, DREAMS AND NIGHTMARES: VISIONS OF CONEY ISLAND," ANTIQUES MAGAZINE (MAY/JUNE 2015): COVER, 96-103; PATRICIA HICKSON, "PALM TREES AND PAVEMENT," MARK BRADFORD / MATRIX 172, EXH. BROCHURE, WADSWORTH ATHENEUM MUSEUM OF ART, HARTFORD, CONN. (2015); -"BELIEVE IT OR NOT," MICHAEL C. MCMILLEN / MATRIX 171 / SIDESHOW, EXH. BROCHURE, WADSWORTH ATHENEUM MUSEUM OF ART, HARTFORD, CONN. (2015); -"ON ERRYTHANG," FROHAWK TWO FEATHERS / MATRIX 170, EXH. BROCHURE, WADSWORTH ATHENEUM MUSEUM OF ART, HARTFORD, CONN. (2014); LINDA ROTH, "SEVRES AT WAR," THE FRENCH PORCELAIN SOCIETY JOURNAL, VOLUME V (2015): PP. 327-43; OLIVER TOSTMANN, "THE SCULPTOR AS DRAFTSMAN: A MOTIF IN FLORENTINE PORTRAITURE", IN: EXHIB. CAT. DONATELLO. MICHELANGELO. CELLINI. SCULPTORS' DRAWINGS FROM RENAISSANCE ITALY. ED. BY MICHAEL W. COLE, BOSTON/ ISABELLA STEWART GARDNER MUSEUM (2014): PP. 103-121; -"BACCIO BANDINELLI: SELF-PORTRAIT", IN: EXHIB. CAT. DONATELLO. MICHELANGELO. CELLINI. SCULPTORS' DRAWINGS FROM RENAISSANCE ITALY. ED. BY MICHAEL W. COLE, BOSTON/ ISABELLA STEWART GARDNER MUSEUM (2014): PP. 198-201.THE MUSEUM CURATORS, WORKING WITH THE REGISTRARS, ALSO ENGAGE IN A SIGNIFICANT LOAN PROGRAM, LENDING OBJECTS IN THE COLLECTION TO IMPORTANT AND INNOVATIVE EXHIBITIONS. IN FY2015, FIFTY (50) WORKS OF ART WERE APPROVED FOR LOANS TO TWENTY-THREE (23) INSTITUTIONS IN THE UNITED STATES, CANADA, EUROPE, AND ASIA. DURING FY2015, 118 WORKS OF ART WERE LENT IN A SIMILARLY WIDE GEOGRAPHIC AREA INCLUDING 87 WORKS IN THE TRAVELING EXHIBITION AMERICAN MODERNS ON PAPER: MASTERWORKS FROM THE WADSWORTH ATHENEUM MUSEUM OF ART WHICH TRAVELED TO THE FIGGE ART MUSEUM, DAVENPORT, IOWA, JUNE 20SEPTEMBER 20, 2015. FINALLY, CURATORS, THROUGH PURCHASES, GIFTS, AND BEQUESTS ACQUIRED 122 WORKS OF ART FOR THE COLLECTION, INCLUDING: ONE (1) AMERICAN DRAWING; EIGHT (8) AMERICAN DECORATIVE ART OBJECTS; EIGHT (8) CONTEMPORARY DRAWINGS; FOUR (4) CONTEMPORARY PAINTINGS; FIVE (5) CONTEMPORARY PHOTOGRAPHS; EIGHT (8) CONTEMPORARY PRINTS; FIVE (5) CONTEMPORARY SCULPTURES; FIVE (5) COSTUME ITEMS; ONE (1) EUROPEAN DRAWING; ONE (1) EUROPEAN PAINTING; SEVEN (7) EUROPEAN DECORATIVE ART OBJECTS; SIXTY-NINE (69) NATURAL SPECIMENS. 897575 0 EDUCATION FY 15 SUMMARYTHIS YEAR THE WADSWORTH ATHENEUM MUSEUM OF ART PRESENTED A WIDE ARRAY OF PROGRAMS THAT WELCOMED AND INSPIRED NEW AND EXISTING AUDIENCES. DURING THIS FISCAL YEAR, EDUCATION PROGRAMS ACCOUNTED FOR 39% OF THE MUSEUM'S ANNUAL ATTENDANCE OF JUST OVER 90,000 AND ENGAGED MORE THAN 100 COMMUNITY PARTNERS INCLUDING VISUAL ARTISTS, STORYTELLERS, MUSICIANS, DANCERS, COMMUNITY ORGANIZATIONS AND SCHOLARS IN THE GREATER HARTFORD COMMUNITY AND BEYOND-FROM THE CONEY ISLAND CIRCUS SIDESHOW TO THE OWL ENRICHMENT CENTER AT THE HARTFORD PUBLIC LIBRARY. OVER 18,000 STUDENTS, TEACHERS, FAMILIES AND ADULTS PARTICIPATED IN 1,500 GUIDED TOURS OF SPECIAL EXHIBITIONS AND PERMANENT COLLECTIONS WITH ONE OF THE MUSEUM'S 87 DOCENTS. THE MONTHLY FREE SECOND SATURDAYS FOR FAMILIES PROGRAM ENGAGED NEARLY 6,500 VISITORS THIS YEAR THROUGH HANDS-ON ART PROJECTS, FAMILY-CENTERED TOURS, MUSIC AND THE PERFORMING ARTS. IN ADDITION TO ONGOING PROGRAMMING, NEW INITIATIVES THIS YEAR INCLUDED THE CONEY ISLAND: AN INTERSECTION OF ART AND IDENTITY SYMPOSIUM, A MULTISITE VISIT OFFERED IN PARTNERSHIP WITH CONNECTICUT'S OLD STATE HOUSE, THE INTRODUCTION OF EDUCATIONALLY PROGRAMMED EXPERIMENTATION GALLERIES IN CONJUNCTION WITH SPECIAL EXHIBITIONS, AND THE LAUNCH OF THE NEW COMMUNITY ENGAGEMENT INITIATIVE MICROSITE. 1784094 634032 OTHER PROGRAM EXPENSES: MARKETING & PUBLIC RELATIONS 536,916CAFE, SHOP AND THEATER 869,060MEMBERSHIP 56,924OTHER 321,200TOTAL OTHER PROGRAM EXPENSES $1,784,100 8730465 1 1 0 0 0 0 1 1 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 84 0 1 106 1 0 0 0 0 0 1 1 0 0 0 0 X 39 39 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CT NY X CINDY MARTINEZ 8608384065 600 MAIN STREET HARTFORD CT 06103 BARBARA G WARD TRUSTEE 1.00 X 0 0 0 BRION JOHNSON TRUSTEE 1.00 X 0 0 0 CAROL COVELLO TRUSTEE 1.00 X 0 0 0 CHERYL A CHASE VP, CHAIR, FACILITIES COMM 1.00 X X 0 0 0 DAVID R MCHALE TRUSTEE 1.00 X 0 0 0 DAVID W DANGREMOND PRESIDENT 1.00 X X 0 0 0 DEANNA FIDLER TRUSTEE 1.00 X 0 0 0 DUFFIELD ASHMEAD CHAIR CURATORIAL 1.00 X 0 0 0 EILEEN S POLLACK MAYOR'S DESIGNEE 1.00 X 0 0 0 EMILIE DE BRIGARD TRUSTEE 1.00 X 0 0 0 ESTHER PRYOR TRUSTEE 1.00 X 0 0 0 FILMENIA SOYSTER TRUSTEE 1.00 X 0 0 0 FRANCINE CHRISTIANSEN TRUSTEE 1.00 X 0 0 0 FREDERICK COPELAND TRUSTEE 1.00 X 0 0 0 HALSEY COOK TRUSTEE 1.00 X 0 0 0 HENRY R MARTIN VP, TREASURER, CHAIR FINANCE 1.00 X X 0 0 0 HENRY ZACHS TRUSTEE 1.00 X 0 0 0 HY J SCHWARTZ VP 1.00 X X 0 0 0 JAY MORTON GOVERNOR DESIGNEE, CHAIR FILM AND THEATER 1.00 X 0 0 0 JEFFREY BROWN SECRETARY, CHAIR STRATEGIC IMPLEMENTATION 1.00 X 0 0 0 JEFFREY MARSTED TRUSTEE 1.00 X 0 0 0 JOHN M REYNOLDS TRUSTEE 1.00 X 0 0 0 LAURA MCINTYRE DOCENT COUNCIL PRESIDENT 1.00 X 0 0 0 LAURA R HARRIS TRUSTEE 1.00 X 0 0 0 MALLY COX CHAPMAN TRUSTEE 1.00 X 0 0 0 MARY C FOX CHAIR EDUCATION 1.00 X 0 0 0 MARTA BENTHAM TRUSTEE 1.00 X 0 0 0 MATTHEW SCHAEFER INVESTMENT COMMITTEE CHAIR 1.00 X 0 0 0 MEDINA JETT TRUSTEE 1.00 X 0 0 0 MICHAEL KLEIN TRUSTEE 1.00 X 0 0 0 ROBERT C HOBBS TRUSTEE 1.00 X 0 0 0 SAMUEL R PETERSON TRUSTEE 1.00 X 0 0 0 SUSAN BLAIR PRESIDENT WOMEN'S COMMITTEE 1.00 X 0 0 0 SUSAN A ROTTNER PAST PRESIDENT, CHAIR, GOVERNANCE AND COMPENSATION 1.00 X X 0 0 0 SUSAN CHANDLER CHAIR AUSTIN HOUSE 1.00 X 0 0 0 THOMAS MCEACHIN ASSISTANT TREASURER 1.00 X 0 0 0 TIMOTHY MCLAUGLIN TRUSTEE 1.00 X 0 0 0 WILLIAM R PEELLE JR TRUSTEE 1.00 X 0 0 0 KAREN CRONIN WHEAT VP, CHAIR OF INSTITUTIONAL ADVANCEMENT 1.00 X X 0 0 0 CINDY MARTINEZ CFO 35.00 X 110166 0 8030 SUSAN TALBOTT DIRECTOR AND CEO 35.00 X 312209 0 33733 422375 0 41763 2 0 1 0 CONSIGLI CONSTRUCTION CO INC 100 ALLYN STREET 4TH FLOOR HARTFORD CT 06103 CONSTRUCTION 8832538 SECURITAS SECURITY SERVICES USA INC PO BOX 403412 ATLANTA GA 30384 SECURITY 757667 SMITH EDWARDS ARCHITECTS 100 ALLYN STREET 4TH FLOOR HARTFORD CT 06103 ARCHITECTURE 285511 ARTEX INC 8712 JERICHO CITY DRIVE LANDOVER MD 207854761 SHIPPING 216681 HEALTHY SOURCE CATERING 600 MAIN ST HARTFORD CT 06103 FOOD VENDING SERVICES 148330 16 392897 119265 5601671 10378616 13635 16492449 AUXILIARY AND OTHER ACTIVITIES 453220 665346 665346 EXHIBITION FEES 900099 423130 423130 ADMISSION REVENUE 900099 293442 293442 1381918 2084793 2084793 24294644 20730298 3564346 3564346 3564346 372542 119265 161710 210832 210832 MISCELLANEOUS REVENUE 900099 15206 15206 15206 23749544 1397124 0 5859971 482451 278910 163632 39909 2859384 1988275 631520 239589 97678 60134 30406 7138 281283 251343 13539 16401 318655 228808 62408 27439 19678 19678 57675 57675 462778 462778 713598 433662 145162 134774 72099 40989 31110 277892 216697 20648 40547 1030865 796677 226801 7387 991279 687557 161003 142719 1381684 847524 337082 197078 SERVICE EXPENSES 1181837 993748 188089 PURCHASE OF ART 878077 878077 POSTAGE AND SHIPPING 481270 469221 2760 9289 COST OF GOODS SOLD 96065 96065 11684248 8730465 1872314 1081469 672311 762674 4414100 3283494 1799592 2122642 96968 134563 460861 439504 46724051 15316834 25425479 31407217 48895783 44862569 52766824 55296652 14327 3643203 134546245 141952518 1031424 1171764 315976 563063 3524911 3159730 4872311 4894557 X 38683660 44683824 59449267 55158162 31541007 37215975 129673934 137057961 134546245 141952518 12065296 -4200142 -456404 -24723 0 X X 0 1 X 1 1 1 X 4357841 5686185 10785695 13297896 16492449 50620066 4357841 5686185 10785695 13297896 16492449 50620066 8990904 41629162 2189329 1182525 1076272 1845269 2084793 8378188 84348 40818 325819 277086 387748 1115819 60114073 7429141 0.69250 0.63340 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SPECIAL EVENTS - 2010 AMOUNT: $ 84,348. 2011 AMOUNT: $ 40,818. 2012 AMOUNT: $ 325,819. 2013 AMOUNT: $ 277,086. 2014 AMOUNT: $ 372,542. MISCELLANEOUS REVENUE - 2014 AMOUNT: $ 15,206. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 2 0.00 2 1 0 1 0 1.00 0 1 X X X X X EDUCATION 1 100786375 555671 1448959 4998234 97792771 86103039 10061247 12686619 7634526 430004 100786375 83971490 1500278 8477148 7373651 472226 86103039 88964640 1149146 658116 6400661 399751 83971490 76719151 923226 15433221 3858818 252140 88964640 0.15470 0.53110 0.31420 1 0 33604186 11687748 21916438 3740434 3629086 111348 9379431 9379431 31407217 DEBT SECURITIES 25569920 F INVESTMENTS HELD IN TRUST BY OTHERS 6489664 C SHORT TERM INVESTMENTS 23237068 F 55296652 X 18625065 -4200142 13195 -607435 -4794382 23419447 330097 330097 23749544 11241038 13195 13195 11227843 456405 456405 11684248 PART II, LINE 9: THE WADSWORTH ATHENEUM MUSEUM OF ART REFLECTS EXPENDITURES RELATING TO ITS EASEMENTS IN ITS OPERATING REVENUE AND EXPENDITURES. PART III, LINE 1A: COLLECTIONS OF WORKS OF ART ACQUIRED THROUGH DONATIONS SINCE THE MUSEUM'S INCEPTION ARE NOT RECOGNIZED AS ASSETS IN THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION. EACH OF THE ITEMS IS CATALOGED, PRESERVED AND CARED FOR. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR AS DECREASES IN TEMPORARILY RESTRICTED NET ASSETS, IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE TEMPORARILY RESTRICTED NET ASSET CLASS. MUSEUM POLICY LIMITS THE USE OF PROCEEDS FROM DEACCESSIONS OR INSURANCE SOLELY FOR ACQUISITION OF OTHER ART OBJECTS. PART III, LINE 4: THE WADSWORTH ATHENEUM MUSEUM OF ART HOUSES A COLLECTION OF MORE THAN 45,000 OBJECTS INCLUDING PAINTINGS, SCULPTURES, DECORATIVE ARTS, WORKS ON PAPER, COSTUMES AND TEXTILES, AND VIDEOS, RANGING IN DATE FROM ANTIQUITY TO CONTEMPORARY AND INCLUDING WORKS FROM MOST OF THE CONTINENTS. THE WADSWORTH ATHENEUM IS ONE OF CONNECTICUT'S PRINCIPAL CULTURAL AND CIVIC INSTITUTIONS AND A MUSEUM OF INTERNATIONAL SIGNIFICANCE. THE MUSEUM IS A NOT-FOR-PROFIT ORGANIZATION THAT ENSURES THE PUBLIC HAS ACCESS TO ARTWORK THAT IS ARTISTICALLY AND HISTORICALLY SIGNFICANT. IN ADDITION TO PERMANENT COLLECTION DISPLAYS, THE ATHENEUM PRESENTS SPECIAL EXHIBITIONS OF LOANED WORKS. A WIDE RANGE OF INTERPRETIVE AND EDUCATIONAL PROGRAMS FOR CHILDREN, FAMILIES, AND ADULTS, PUBLIC AND SCHOOL TOURS, ARE OFFERED REGULARLY. PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE FOR THE USE OF OPERATIONAL, EXHIBITION, AND PROGRAMMING SUPPORT, AS WELL AS THE PURCHASE OF WORKS OF ART. PART X, LINE 2: THE MUSEUM HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2015. THE MUSEUM'S U.S. FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2012 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF THE MUSEUM WERE TO INCUR UNRELATED BUSINESS INCOME TAXES, IT WOULD RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH ANY TAX MATTERS AS PART OF THE INCOME TAX PROVISION AND INCLUDE ACCRUED INTEREST AND PENALTIES WITH THE RELATED TAX LIABILITY IN THE STATEMENT OF FINANCIAL POSITION. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT EXPENSES -456,405. CHANGE VALUE OF FUNDS HELD IN TRUST -151,030. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING 330,097. FALL GALA 421057 83875 337182 116165 GOLF TOURNAMENT 70750 35390 35360 45545 491807 119265 372542 161710 161710 210832 X 1 1 X X X X 0 0 0 0 0 0 0 0 0 SUSAN TALBOTT DIRECTOR AND CEO 301060 0 0 0 11149 0 20735 0 12998 0 345942 0 0 0 A CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 060806186 2013-01-15 3661206 ACQUIRED AND INSTALLED HEAT/COOLING PLANT AND HVAC MECHANICAL UNITS 0 0 0 A 3661206 42942 3661206 2014 0 0 0 1 A 0 0 0 0 0 0 0 A 0 1 0 1 0 0 0 0 0 A 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 12/10/2014 X 104 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A THE MUSEUM HAS A BOARD OF ELECTORS WHO ELECTS THEIR SUCCESSORS AND THE TRUSTEES AT THE ANNUAL ELECTION MEETING OF ELECTORS. FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT COMMITTEE OF THE WADSWORTH ATHENEUM REVIEWS THE COMPLETED FORM(S) 990 PRIOR TO FILING. THE FORM(S) 990 ARE ALSO ELECTRONICALLY DISTRIBUTED TO THE BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C MUSEUM MANAGEMENT MONITORS COMPLIANCE BY ANNUALLY DISTRIBUTING THE CONFLICT OF INTEREST POLICY AND REQUIRING ALL EMPLOYEES TO COMPLETE A CONFLICT OF INTEREST FORM WHICH DISCLOSES ALL INTERESTS. MANAGEMENT REVIEWS EACH FORM AND DETERMINES IF ANY DISCLOSURES POSE ANY CONFLICTS. IF MANAGEMENT DETERMINES THERE MIGHT BE A CONFLICT, THE AUDIT COMMITTEE AND/OR THE ETHICS COMMITTEE OF THE BOARD WOULD BE INFORMED. FORM 990, PART VI, SECTION B, LINE 15 CEO/DIRECTOR THE PRESIDENT OF THE BOARD OF TRUSTEES WORKS WITH THE COMPENSATION COMMITTEE, A SUB COMMITTEE OF THE EXECUTIVE COMMITTEE AND DIRECTOR OF HUMAN RESOURCES TO DETERMINE THE SALARY AND BENEFIT PACKAGE FOR THE CEO/DIRECTOR. THE CANDIDATE'S QUALIFICATIONS AND EXPERIENCE ARE TAKEN INTO CONSIDERATION IN DETERMINING THE COMPENSATION PACKAGE. ANNUALLY, THE COMPENSATION COMMITTEE PROVIDES THE DIRECTOR A PERFORMANCE EVALUATION WHICH IS USED TO DETERMINE MERIT INCREASE OR BONUS. THE COMPENSATION COMMITTEE ALSO CONSIDERS COMPENSATION DATA FROM THE ASSOCIATION OF ART MUSEUM DIRECTORS (AAMD) SALARY SURVEY SNF SURVEYS OF LOCAL, SIMILARLY-SIZED NOT FOR PROFIT ORGANIZATIONS. OFFICERS OR KEY EMPLOYEES THE CEO/DIRECTOR OF THE MUSEUM DETERMINES THE COMPENSATION FOR KEY EMPLOYEES. THE CEO/DIRECTOR WORKS WITH THE DIRECTOR OF HUMAN RESOURCES AND USES THE ASSOCIATION OF ART MUSEUM DIRECTORS (AAMD) SALARY SURVEY, SURVEYS OF LOCAL, SIMILARLY-SIZED NOT FOR PROFIT ORGANIZATIONS AND THE MUSEUM'S BUDGET AS GUIDELINES TO DETERMINE THE COMPENSATION AMOUNT. THE CEO/DIRECTOR REVIEWS THE COMPENSATION OF CERTAIN KEY EMPLOYEES WITH THE COMPENSATION COMMITTEE, A SUB COMMITTEE OF THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 A CONDENSED FORM OF THE AUDITED FINANCIAL STATEMENTS ARE INCLUDED IN THE MUSEUM'S ANNUAL REPORT WHICH IS DISTRIBUTED AT THE MUSEUM'S ANNUAL MEETING, POSTED ON THE WADSWORTH ATHENEUM WEBSITE AND AVAILABLE TO THE PUBLIC. THE MUSEUM'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE BY REQUEST. CONFLICT OF INTEREST POLICIES ARE AVAILABLE TO THE PUBLIC UPON REQUEST. GOVERNING DOCUMENTS OR BY-LAWS ARE DISCLOSED BY REQUEST. FORM 990, PART XII, LINE 2C: SAME AS LAST YEAR.