2014-05-09T11:13:39-05:00 2013-06-30 131655065 LUTZ AND CARR CPAS LLP 300 EAST 42ND STREET NEW YORK NY 10017 990 2012-07-01 131789318 WHITNEY MUSEUM OF AMERICAN ART WHIT 2125703600 945 MADISON AVENUE NEW YORK NY 10021 JOHN STANLEY 2126711820 2014-05-05 1 FREDERICK MARTENS P00298107 2126972299 2012 2015-11-30 17:44:51Z ADAM WEINBERG 945 MADISON AVENUE NEW YORK NY 10021 202723000 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. 45 44 343 70 107000 85540 45961000 84331000 3024000 2823000 5531000 3013000 270000 1104000 54786000 91271000 50000 50000 0 0 17447000 18141000 254000 245000 4446000 20943000 21992000 38694000 40428000 16092000 50843000 602967000 687931000 156083000 161502000 446884000 526429000 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 17029000 50000 2682000 COLLECTION AND EXHIBITIONS OF AMERICAN ART:THE WHITNEY MUSEUM OF AMERICAN ART PRESENTED 13 EXHIBITIONS IN FY13. THESE INCLUDED: . . . AS APPLE PIE (JUNE 8, 2012-JUNE 9, 2013), YAYOI KUSAMA'S FIREFLIES ON THE WATER (JUNE 13-OCTOBER 28, 2012), SHARON HAYES: THERE'S SO MUCH I WANT TO SAY TO YOU (JUNE 21-SEPTEMBER 9, 2012), SIGNS & SYMBOLS (JUNE 28-OCTOBER 28, 2012), YAYOI KUSAMA (JULY 12-SEPTEMBER 30, 2012), WADE GUYTON OS (OCTOBER 4, 2012-JANUARY 13, 2013), RICHARD ARTSCHWAGER! (OCTOBER 25, 2012-FEBURARY 3, 2013), TRISHA BAGA: PLYMOUTH ROCK 2 (NOVEMBER 7, 2012-JANUARY 27, 2013), SINISTER POP (NOVEMBER 15, 2012-MARCH 31, 2013), BLUES FOR SMOKE (FEBRUARY 7-APRIL 28, 2013), JAY DEFEO: A RETROSPECTIVE (FEBRUARY 28-JUNE 2, 2013), STEWART UOO AND JANA EULER: OUTSIDE INSIDE SENSIBILITY (MAY 10-AUGUST 11, 2013), AND. AMERICAN LEGENDS: FROM CALDER TO O'KEEFFE (DECEMBER 22, 2012-OCTOBER 19, 2014). ADDITIONALLY, THE MUSEUM PRESENTED FOUR FILM AND VIDEO INSTALLATIONS: OSKAR FISCHINGER: SPACE LIGHT ART-A FILM ENVIRONMENT (JUNE 28-OCTOBER 28, 2012), DARK AND DEADPAN: POP IN TV AND THE MOVIES (NOVEMBER 15, 2012-MARCH 31, 2013), THE WHITE ROSE (APRIL 25-MAY 12, 2013), AND DAVID HOCKNEY: THE JUGGLERS (MAY 23-SEPTEMBER 1, 2013). PERFORMANCES AT THE MUSEUM INCLUDED: EMERGENCY CHEESECAKE: ORGANIZED BY WADE GUYTON AND JAY SANDERS (NOVEMBER 30, 2012), SYNONYM FOR UNTITLED: ANDREW LAMPERT (MARCH 14-15, 2013), A PERFORMANCE SERIES ASSOCIATED WITH THE EXHIBITION BLUES FOR SMOKE (FEBRUARY 1-APRIL 28, 2013) WITH 20 EVENTS, AND BERLIN SUN THEATER: THE MASTERY OF NON-MASTERY: WRITTEN AND DIRECTED BY MICK TAUSSIG (FEBRUARY 23, 2013). THE MUSEUM ALSO PRESENTED TOURING EXHIBITIONS AT VENUES ACROSS THE UNITED STATES, INCLUDING: JAY DEFEO: A RETROSPECTIVE, LEGACY: THE EMILY FISHER LANDAU COLLECTION, REAL/SURREAL, AND TEN MASTERWORKS FROM THE WHITNEY MUSEUM OF AMERICAN ART.THE MUSEUM ACQUIRED A TOTAL OF 390 WORKS IN FY13. SEVERAL MAJOR ACQUISITIONS WHICH OCCURRED DURING THE FISCAL YEAR INCLUDE THE FOLLOWING: A LARGE PHOTOGRAPHIC BODY OF WORK BY EDWARD STEICHEN, FOURTEEN PRINT PORTFOLIOS BY THE PUBLISHER EXIT ART GALLERY, A SEMINAL VIDEO WORK BY THE ARTIST DAVID HAMMONS, A LARGE SCALE DRAWING BY DANA SHUTZ, PAINTINGS BY LUTZ BACHER, NEIL JENNEY, DAVID SALLE, AND TAUBA AUERBACH, PHOTOGRAPHS BY JERRY N. UELSMANN, MOYRA DAVEY, SARAH CHARLESWORTH, AND AN-MY LE, A VIDEO INSTALLATION BY FILMMAKER WERNER HERZOG, AND SCULPTURE BY ROBERT GROSVENOR AND NED SMYTH. 10015000 0 141000 CURATORIAL AND RELATED SUPPORT:IN FY13 THE CURATORIAL DEPARTMENT CONTINUED THE PLANNING PROCESS FOR THE PERMANENT COLLECTION DISPLAY AT THE NEW BUILDING INCLUDING THE INAUGURAL EXHIBITION OF THE MUSEUM WHICH WILL BE DRAWN ENTIRELY FROM THE PERMANENT COLLECTION. THE RESEARCH AND PLANNING PHASE HAS INCLUDED A CHRONOLOGICAL SERIES OF PERMANENT COLLECTION EXHIBITIONS AT THE BREUER BUILDING, WHICH BEGAN WITH "BREAKING GROUND: THE WHITNEY'S FOUNDING COLLECTION" AND CONTINUED THROUGH "SINISTER POP," CULMINATING WITH "I, YOU, WE" ON ART FROM THE 1980S AND 1990S. THESE EXHIBITIONS HAVE FUNCTIONED IN PART AS LABORATORIES AS WE EXAMINE THE NEARLY 20,000 WORKS IN THE COLLECTION IN NEW AND INNOVATIVE WAYS. ADDITIONALLY, A CORE TEAM OF CURATORS CONTINUES ITS REVIEW OF THE WHITNEY'S COLLECTION, CONSIDERING THE LATEST SCHOLARSHIP ON 20TH- AND 21ST-CENTURY AMERICAN ART, AND CONDUCTING RESEARCH TRIPS AND DISCUSSIONS WITH OTHER SCHOLARS, CRITICS, AND ARTISTS AS THEY DEVELOP THE WHITNEY'S FUTURE COLLECTION DISPLAY. MEANWHILE, THE CONSERVATION DEPARTMENT METHODICALLY EXAMINES, ASSESSES, AND WHERE NECESSARY TREATS EACH WORK OF ART IN PREPARATION FOR INCLUSION IN THE INAUGURAL EXHIBITIONS. THE WHITNEY'S LIBRARY CONTINUES TO DIGITIZE IMPORTANT PIECES OF ITS SPECIAL COLLECTIONS TO MAKE THEM MORE WIDELY ACCESSIBLE AND PRESERVE THEIR CONTENT. THESE DIGITIZATION PROJECTS INCLUDE SELECTIONS OF THE MUSEUM'S EXHIBITION CATALOGUES, ARTISTS' CORRESPONDENCE AND EPHEMERA, THE MUSEUM'S HISTORICAL DOCUMENTS (ARCHIVAL RECORDS, PHOTOGRAPHS, CHECKLISTS, EXHIBITION CATALOGUES), AND HIGHLIGHTS FROM THE PERSONAL LIBRARY OF JULIANA FORCE, THE WHITNEY'S INAUGURAL DIRECTOR AND CLOSE ASSOCIATE OF THE MUSEUM'S FOUNDER, GERTRUDE VANDERBILT WHITNEY, THAT INCLUDE GALLERY ANNOUNCEMENTS AND RARE AND UNUSUAL PERIODICALS. 2875000 0 0 EDUCATION PROGRAMS:IN FY13, WHITNEY EDUCATION SERVED OVER 567,568 PEOPLE THROUGH SCHOOL & EDUCATOR PROGRAMS, PUBLIC PROGRAMS, SENIOR PROGRAMS, FAMILY PROGRAMS, TEEN PROGRAMS, COMMUNITY PROGRAMS, INTERPRETATION PROGRAMS, AND WEB VISITORS. 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 THE 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; TOPICS OF DISCUSSION THIS PAST YEAR HAVE INCLUDED GENTRIFICATION AND CHANGE, THE NEEDS OF CHILDREN AND FAMILIES, AND CREATING A SAFE AND WELCOMING SPACE FOR MEMBERS OF THE LGBT COMMUNITY. OUR SCHOOL PROGRAMS HAVE BEEN WORKING WITH 3 NEW YORK CITY PUBLIC SCHOOLS FOR THE LAST 5 YEARS. THROUGH THESE LONG-TERM SCHOOL PARTNERSHIPS, WE SEEK TO WORK WITH THE ENTIRE SCHOOL COMMUNITY, INCLUDING ADMINISTRATORS, TEACHERS, STUDENTS, AND PARENTS. OUR PROGRAMS HAVE CREATED A POSITIVE IMPACT ON TEACHING AND LEARNING, IMPROVED SCHOOL CULTURE, AND INCREASED PARENTAL ENGAGEMENT. BUILDING ON THIS SUCCESS, WE ARE WORKING ON ESTABLISHING PARTNERSHIPS WITH 5 MORE PUBLIC SCHOOLS LOCATED IN DOWNTOWN MANHATTAN AND BROOKLYN. EDUCATION 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, WE CONTINUE TO PILOT STUDIO PROGRAMS IN THE LOT-EK ART STUDIO, 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. 1093000 0 138000 PUBLICATION AND RETAIL:MUSEUM RELATED AUXILLARY SERVICES THAT PROVIDE PRODUCTS RELATED TO THE MUSEUM'S COLLECTION AND EXHIBITIONS. 1093000 138000 31012000 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 1 227 0 343 1 1 1 0 0 0 0 1 1 1 1 0 0 0 X 45 44 1 0 1 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 CHIEF FINANCIAL OFFICER 2126711820 945 MADISON AVENUE NEW YORK NY 10021 ADAM D WEINBERG 35.00 X X 734678 0 67466 ROBERT J HURST 1.00 X X 0 0 0 BROOKE GARBER NEIDICH 1.00 X X 0 0 0 MELVA BUCKSBAUM 1.00 X X 0 0 0 WARREN B KANDERS 1.00 X X 0 0 0 SCOTT RESNICK 1.00 X X 0 0 0 LAURIE M TISCH 1.00 X X 0 0 0 NEIL G BLUHM 1.00 X X 0 0 0 PAMELLA G DEVOS 1.00 X X 0 0 0 SUSAN K HESS 1.00 X X 0 0 0 JOHN C PHELAN 1.00 X X 0 0 0 PAUL C SCHORR IV 1.00 X X 0 0 0 FERN KAYE TESSLER 1.00 X X 0 0 0 RICHARD M 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20679000 57122000 23960000 84331000 ADMISSION INCOME 900099 2308000 2308000 TRAVELING EXHIBITIONS 900099 374000 374000 LOAN FEES 900099 141000 141000 2823000 1588000 99000 1489000 288000 288000 164000 59000 105000 105000 105000 110891000 109466000 1425000 1425000 1425000 848000 3503000 848000 0 1225000 1079000 146000 138000 8000 INSURANCE PROCEEDS 900099 263000 263000 MISCELLANEOUS INCOME 900099 210000 210000 RESTAURANT INCOME 900099 92000 92000 565000 91271000 2961000 107000 3872000 50000 50000 2919000 1035000 1106000 778000 11642000 8663000 1419000 1560000 860000 598000 160000 102000 1803000 1209000 326000 268000 917000 627000 163000 127000 174000 174000 227000 227000 245000 245000 492000 492000 817000 669000 42000 106000 637000 619000 6000 12000 381000 114000 45000 222000 308000 229000 37000 42000 3099000 2790000 254000 55000 390000 222000 102000 66000 1484000 1194000 160000 130000 723000 538000 87000 98000 PRE-CONSTRUCTION COSTS 5681000 5681000 0 0 EXHIBITION EXPENSE 4106000 4106000 0 0 ART ACQUISTIONS 1860000 1860000 0 0 OTHER EXPENSES 1613000 808000 170000 635000 40428000 31012000 4970000 4446000 22763000 39368000 19871000 34796000 66130000 56279000 623000 1091000 648000 882000 104953000 208825000 55188000 18002000 35996000 37186000 96788000 102231000 255195000 207273000 602967000 687931000 14439000 22425000 476000 1035000 136425000 135300000 4743000 2742000 156083000 161502000 X 104357000 107734000 168720000 236995000 173807000 181700000 446884000 526429000 602967000 687931000 X 50843000 26991000 1711000 X 0 1 X 1 0 X 23602000 29448000 62061000 45961000 84331000 245403000 23602000 29448000 62061000 45961000 84331000 245403000 9517228 235885772 1027000 957000 2145000 2171000 2040000 8340000 471000 167000 47000 156000 565000 1406000 255149000 21415000 0.92450 0.60460 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 102253 0 0 102253 0 X X X X 1 206104000 7893000 28968000 9599000 233366000 207326000 3383000 3840000 8445000 206104000 185574000 2853000 24843000 5944000 207326000 177817000 341000 11412000 3996000 185574000 200196000 119000 -17044000 5454000 177817000 0.05870 0.77860 0.16270 0 0 26654000 26654000 20491000 12746000 7745000 1934000 1931000 3000 6109000 3325000 2784000 37186000 MONEY MARKET FUNDS 17922000 F EQUITY INVESTMENT FUNDS 59321000 F ALTERNATIVE INVESTMENTS - MULTI-STRATEGY & OTHER 53074000 F ALTERNATIVE INVESTMENTS - EQUITY LONG/SHORT 61983000 F ALTERNATIVE INVESTMENTS - REAL ASSETS 11883000 F ALTERNATIVE INVESTMENTS - PRIVATE EQUITY 3090000 F 207273000 ACCRUED PENSION OBLIGATION 2742000 2742000 119484000 26991000 1711000 28702000 90782000 489000 489000 91271000 39939000 0 39939000 489000 489000 40428000 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. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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 XI, LINE 2D - OTHER ADJUSTMENTS: PENSION RELATED CHARGES OTHER THAN NET PERIODIC PENSION COSTS 1,711,000. EAST ASIA AND THE PACIFIC - 0 0 PROGRAM SERVICE TRAVELING EXHIBITION 1000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 104584000 0 0 0 0 0 0 104585000 0 104585000 1 0 0 0 0 0 X X X X X X X 1 DCM 45 MAIN STREET 815 BROOKLYN NY 11201 TELEFUNDRAISING 0 66000 48000 18000 SUSAN COURTEMANCHE 40 POWDER HORN HILL ROAD WILTON CT 06897 CAPITAL CAMPAIGN CONSULTING 0 0 197000 0 66000 245000 18000 AZ CA CO CT GA HI IL MD MA MI NJ NC OH PA RI TN VA WA NY GALA 2764000 2155000 609000 124000 105000 380000 AMERICAN ART AWARD 1587000 1348000 239000 51000 55000 133000 4351000 3503000 848000 175000 160000 513000 848000 0 1 BUCKSBAUM AWARD 1 50000 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 0 0 0 0 0 0 0 0 ADAM D WEINBERG 550493 0 0 0 184185 0 42976 0 24490 0 802144 0 0 0 JOHN S STANLEY 339771 0 0 0 1496 0 34847 0 8985 0 385099 0 0 0 IDEHEN ARUEDE 157500 0 0 0 117 0 7620 0 831 0 166068 0 0 0 DONNA M DESALVO 324800 0 0 0 1419 0 48436 0 8985 0 383640 0 0 0 ALEXANDRA WHEELER 287160 0 0 0 654 0 34598 0 24475 0 346887 0 0 0 JEFFREY E LEVINE 194663 0 0 0 174 0 15385 0 443 0 210665 0 0 0 STEPHANIE ADAMS 186638 0 0 0 164 0 14059 0 24242 0 225103 0 0 0 CHRISTY L PUTNAM 165000 0 0 0 911 0 52166 0 8699 0 226776 0 0 0 CAROL C MANCUSI-UNGARO 203327 0 0 0 2332 0 33635 0 8798 0 248092 0 0 0 JOHN COLLINS 161852 0 0 0 309 0 14120 0 14363 0 190644 0 0 0 KATHRYN A POTTS 152500 0 0 0 185 0 36884 0 383 0 189952 0 0 0 AMY ROTH 144525 0 0 0 103 0 7702 0 369 0 152699 0 0 0 BARBARA HASKELL 137401 0 0 0 1326 0 23343 0 24175 0 186245 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. 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 15415864 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 AS OF 6/30/13. FUNDS WERE CAPITALIZED FOR INTEREST PAYMENTS DURING THE CONSTRUCTION PERIOD ONLY. THE BALANCE OF CAPITALIZED INTEREST FUNDS AS OF 6/30/13 WAS $15,415,864. THE BOND PROCEEDS ARE BEING USED TO FINANCE THE CONSTRUCTION OF A NEW MUSEUM BUILDING. THE NEW BUILDING IS CURRENTLY UNDER CONSTRUCTION, AND IS EXPECTED TO BE COMPLETED IN THE FALL OF 2014 AND TO OPEN TO THE PUBLIC IN THE SPRING OF 2015. X 27 17416000 AUCTION VALUE X 31 5081000 FAIR MARKET VALUE X CONSTRUCTION 1 1316000 FAIR MARKET VALUE X VENDOR ITEMS 1 147000 FAIR MARKET VALUE 17 0 1 0 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. FORM 990, PART VI, SECTION A, LINE 4 IN MAY 2013, THE MUSEUM AMENDED ITS BYLAWS. THE REVISIONS TO THE BYLAWS EXPANDED THE SIZE OF THE BOARD TO A MAXIMUM OF 50 ELECTIVE TRUSTEES AND TWO EX-OFFICIO TRUSTEES, AN INCREASE FROM A MAXIMUM OF 45 ELECTIVE TRUSTEES. IN ADDITION, THE CHANGES PROVIDED THAT WHEN IN THE BEST INTERESTS OF THE MUSEUM TO PRESERVE CONTINUITY OF LEADERSHIP, SUCH AS THE COMPLETION OF A MAJOR BUILDING PROJECT OR CAPITAL CAMPAIGN, UPON THE DETERMINATION BY THE BOARD, A PRESIDENT MAY SERVE UP TO TWO ADDITIONAL ONE-YEAR TERMS. FINALLY, THE CHANGES TO THE BYLAWS EXPANDED THE SIZE OF THE EXECUTIVE COMMITTEE BY TWO MEMBERS. 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 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: PENSION RELATED CHARGES OTHER THAN NET PERIODIC PENSION COSTS 1,711,000. FORM 990 - GENERAL AMOUNTS REFLECTED IN THE 2012 FORM 990 FOR THE YEAR ENDED JUNE 30, 2013 HAVE BEEN ROUNDED TO THE NEAREST THOUSAND TO CONFORM WITH THE PRESENTATION IN THE MUSEUM'S AUDITED FINANCIAL STATEMENTS.