2014-12-15T19:23:22-06:00 2014-06-30 221478099 COHNREZNICK LLP 350 CHURCH STREET HARTFORD CT 06103 990 2013-07-01 060653111 WADSWORTH ATHENEUM MUSEUM OF ART WADS 8602782670 600 MAIN STREET HARTFORD CT 06103 SUSAN TALBOTT PRESIDENT AND CEO 8602782670 2014-12-15 1 PATRICIA MCGOWAN P00184514 9592007000 2013 2015-11-30 17:44:51Z SUSAN TALBOTT 600 MAIN STREET HARTFORD CT 06103 66761998 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. 36 36 93 286 -1639 -1639 10785695 13297896 1513636 1539642 4674942 4044769 144743 138164 17119016 19020471 0 0 0 0 3828759 3956663 0 0 639312 8447683 9163920 12276442 13120583 4842574 5899888 120067724 134546245 4569660 4872311 115498064 129673934 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 282820 683497 TOTAL MUSEUM ATTENDANCE 81,221EXHIBITIONS EXPENSES A. CONEY ISLAND $74,804B. C&T $15,758C. OTHER $19,474D. MATRIX EXH $82,020E. TRAVELING EXHIBITS $90,764 TOTAL COLLECTIONS AND EXHIBITIONS $282,820 4858694 0 CURATING AND CURATORIAL RESEARCH FY2014THE 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 FY2014 COMPRISED OF THE FOLLOWING: THE AGE OF PLEASURE AND ENLIGHTENMENT, AUGUST 10, 2013-MARCH 16, 2014; AN ARTIFICIAL WILDERNESS: THE LANDSCAPE IN CONTEMPORARY PHOTOGRAPHY, AUGUST 31, 2013-FEBRUARY 23, 2014; WEAVING THE MYTH OF PSYCHE, SEPTEMBER 13, 2013-MARCH 9, 2014; VIRGIL MARTI I MATRIX 167: ODE TO A HIPPIE, AUGUST 1, 2013-JANUARY 5, 2014; ALLISON SCHULNIK I MATRIX 168, FEBRUARY 6-MAY 4,2014; RUBEN OCHOA I MATRIX 169: CLOUDLESS DAY, JUNE 5-SEPTEMBER 7,2014; AND CONNECTIONS GALLERY: WALTON FORD'S NOVAYA ZEMLYA, OPENED JUNE 14, 2014.PERMANENT COLLECTION INSTALLATIONS INCLUDED: EUROPEAN MASTERWORKS FROM THE PERMANENT COLLECTION, OPENED MARCH 29, 2014, AND ABSTRACTION AND FORM, OPENED MAY 24, 2014.CURATORIAL RESEARCH RESULTED IN THE FOLLOWING PUBLICATIONS: ALYCE ENGLUND, "COMPETE, LEAVE, OR CHANGE: HARTFORD CABINETMAKERS IN THE FEDERAL PERIOD," AMERICAN PERIOD FURNITURE (THE SOCIETY OF AMERICAN PERIOD FURNITURE MAKERS, 2013); ROBIN JAFFEE FRANK, CONTRIBUTED ESSAYS ON PAINTINGS BY STUART DAVIS TO CATHLEEN CHAFFEE, ED., EYE ON A CENTURY: MODERN AND CONTEMPORARY ART FROM THE CHARLES B. BENENSON COLLECTION AT THE YALE UNIVERSITY ART GALLERY (YALE UNIVERSITY ART GALLERY, 2013); PATRICIA HICKSON, "ODE TO A HIPPIE," VIRGIL MARTI I MATRIX 167: ODE TO A HIPPIE, EXHIBITION BROCHURE (WADSWORTH ATHENEUM MUSEUM OF ART, 2013); -"MACABRE WANDERINGS," ALLISON SCHULNIK I MATRIX 168, EXHIBITION BROCHURE (WADSWORTH ATHENEUM MUSEUM OF ART, 2014); -" NOTHING BUT BLUE SKIES," RUBEN OCHOA I MATRIX 169, EXHIBITION BROCHURE (WADSWORTH ATHENEUM MUSEUM OF ART, 2014); AND OLIVER TOSTMANN, "BACCIO BANDINELLI: AUTORITRATTO," IN EXHIBITION CATALOGUE BACCIO BANDINELLI. SCULTORE E MAESTRO. ED. BY DETLEV HEIKAMP AND BEATRICE PAOLOZZI STROZZI (MUSEO NAZIONALE DEL BARGELLO, 2014) 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 FY2014, SIXTY (60) WORKS OF ART WERE APPROVED FOR LOANS TO TWENTY-SEVEN (27) INSTITUTIONS IN THE UNITED STATES, CANADA, EUROPE, AND ASIA. DURING FY2014, NINETY-NINE (99) WORKS OF ART WERE LENT TO INSTITUTIONS IN A SIMILARLY WIDE GEOGRAPHIC AREA, INCLUDING FIFTY WORKS IN THE TRAVELING EXHIBITION, OLD MASTERS TO MONET: THREE CENTURIES OF FRENCH PAINTING FROM THE WADSWORTH ATHENEUM, WHICH CLOSED AT THE MISSISSIPPI MUSEUM OF ART, JACKSON, MISSISSIPPI, ON SEPTEMBER 8,2013 AND TRAVELED TO THE DENVER ART MUSEUM, DENVER, COLORADO, OCTOBER 27, 2013-FEBRUARY 9, 2014. THE EXHIBITION PATTI SMITH: CAMERA SOLO (ORGANIZED BY THE WADSWORTH ATHENEUM) CLOSED AT THE ART GALLERY OF ONTARIO, TORONTO, CANADA, ON JULY 14, 2013.FINALLY, CURATORS, THROUGH PURCHASES, GIFTS, AND BEQUESTS, ACQUIRED 165 WORKS OF ART FOR THE COLLECTION, INCLUDING: THREE (3) AMERICAN PAINTINGS; THREE (3) AMERICAN PRINTS/DRAWINGS; FORTYONE (41) AMERICAN DECORATIVE ARTS OBJECTS; SIX (6) CONTEMPORARY PAINTINGS; FIFTEEN (15) CONTEMPORARY PHOTOGRAPHS; TWENTY (20) CONTEMPORARY PRINTS/DRAWINGS; TEN (10) CONTEMPORARY SCULPTURES/INSTALLATIONS; SIXTY-FOUR (64) COSTUME & TEXTILE ITEMS; ONE (1) EUROPEAN PAINTING; TWO (2) EUROPEAN DECORATIVE ART OBJECTS.CURATING AND CURATORIAL RESEARCH EXPENSE: $1,436,307ART PURCHASES:SELF-PORTAIT LUTE PLAYER BY ARTEMISIA GEBTILESCHICUT-OUT INSTALLATION BY KARA WALKERBEAUTIFUL GIRL BY DOROTHEA TANNINGUNTITLED BY ALSOUDANIVASE & UMBERELLA STAND BY H BLAIRMAN & SONSVIDEO BY ALLISON SCHULNIKTHANATOPIS BY VIRGIL MARTIWOOL WEDDING SUIT & COAT BY AUGUSTA AUCTIONAGBOTA BY ROMUALD HAZOUNEVIDEO - TELEPHONES BY CHRISTIAN MARCLAY TOTAL ART PURCHASES AND RELATED EXPENSES $3,422,387TOTAL CURATORIAL RESEARCH AND ART PURCHASES $4,858,694 650806 0 EDUCATIONTHIS YEAR THE WADSWORTH ATHENEUM PRESENTED A WIDE-RANGING ARRAY OF PROGRAMS THAT WELCOMED AND INSPIRED NEW AND EXISTING AUDIENCES WHILE ENSURING THAT THE WADSWORTH IS A VITAL PART OF THE CITY AND GREATER HARTFORD. DURING THIS FISCAL YEAR EDUCATIONS PROGRAMS ACCOUNTED FOR 40.5% OF THE MUSEUM'S ANNUAL ATTENDANCE OF JUST OVER 80,000 AND ENGAGED MORE THAN 70 COMMUNITY PARTNERS INCLUDING VISUAL ARTISTS, STORYTELLERS, MUSICAL GROUPS, DANCE TROOPS, COMMUNITY ORGANIZATIONS AND SCHOLARS IN THE GREATER HARTFORD COMMUNITY AND BEYOND-FROM SCAPEGOAT GARDEN TO SANKOFA KUUMBA TO THE UNIVERSITY OF CONNECTICUT PUPPET ARTS PROGRAM. NEW PROGRAMS LAUNCHED THIS YEAR INCLUDE A NEW AMERICAN SIGN LANGUAGE VIDEO TOUR AND THE COMMUNITY ARTS PROGRAM, WHICH ENGAGES LOCAL YOUTH IN AFTER-SCHOOL PROGRAMS THROUGHOUT HARTFORD IN A SERIES OF THREE SESSIONS THAT FOSTERS DIALOGUE AND ART-MAKING BASED ON OBJECTS IN THE COLLECTION. HIGHLIGHTS OF CONTINUING PROGRAMS INCLUDED THE NEARLY 18,000 STUDENTS, TEACHERS, FAMILIES AND ADULTS WENT ON GUIDED TOURS OF THE MUSEUM'S EXHIBITIONS AND COLLECTIONS WITH ONE OF THE MUSEUM'S 96 DOCENTS AND THE MONTHLY FREE SECOND SATURDAYS FOR FAMILIES PROGRAM WHICH ENGAGED MORE THAN 5,000 VISITORS THIS YEAR THROUGH HANDS-ON ART PROJECTS, FAMILY-CENTERED TOURS, MUSIC AND THE PERFORMING ARTS. 4591175 856145 OTHER PROGRAM EXPENSES: FUNDED ACTIVITIES $ 61,555 SECURITY, BUILDING 717,773MARKETING & PUBLIC RELATIONS 391,654CAFE, SHOP AND THEATER 519,605MEMBERSHIP 85,945OTHER FUNDED PROGRAMS 2,150UTILITIES, TRAVEL, POSTAGE, PROF SERVICES, ETC 1,656,551INVESTMENT MANAGEMENT FEES 152,823DEPRECIATION 1,003,119 TOTAL OTHER PROGRAM EXPENSES $4,581,224 4591175 856145 10383495 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 92 0 1 93 1 1 1 0 0 0 0 1 1 0 0 0 0 X 36 36 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 DUFFIELD ASHMEAD TRUSTEE 1.00 X 0 0 0 THOMAS MCEACHIN TRUSTEE 1.00 X 0 0 0 CHERYL A CHASE VP, CHAIR, FACILITIES COMM 1.00 X X 0 0 0 DAVID W DANGREMOND PRESIDENT 1.00 X X 0 0 0 JEFFREY BROWN TRUSTEE 1.00 X 0 0 0 SUSAN CHANDLER TRUSTEE, CHAIR AUSTIN HOUS 1.00 X 0 0 0 HOWARD L CARVER CHAIR, AUDIT COMM,TRUSTEE 1.00 X 0 0 0 HALSEY COOK TRUSTEE 1.00 X 0 0 0 FRANCINE CHRISTIANSEN TRUSTEE 1.00 X 0 0 0 ESTHER PRYOR TRUSTEE 1.00 X 0 0 0 DIANE B CLOUD TRUSTEE 1.00 X 0 0 0 SUSAN A ROTTNER PAST PRESIDENT 1.00 X X 0 0 0 EMILIE DE BRIGARD TRUSTEE 1.00 X 0 0 0 FREDERICK COPELAND TRUSTEE 1.00 X 0 0 0 MARY C FOX TRUSTEE, CHAIR EDUCATION C 1.00 X 0 0 0 JOANNE EUDY TRUSTEE 1.00 X 0 0 0 HY J SCHWARTZ SECRETARY 1.00 X X 0 0 0 SAMUEL R PETERSON TRUSTEE 1.00 X 0 0 0 HENRY R MARTIN TREASURER, CHAIR FINANCE C 1.00 X X 0 0 0 KAREN CRONIN WHEAT TRUSTEE 1.00 X 0 0 0 LINDA CHEVERTON WICK VP, CHAIR CURATORIAL COMMI 1.00 X X 0 0 0 LORI MCGEE TRUSTEE 1.00 X 0 0 0 TIMOTHY MCLAUGLIN TRUSTEE 1.00 X 0 0 0 LAURA R HARRIS TRUSTEE 1.00 X 0 0 0 MARGARET MV PRESTON TRUSTEE 1.00 X 0 0 0 MATT SCHAEFER TRUSTEE 1.00 X 0 0 0 ROBERT MEAD TRUSTEE 1.00 X 0 0 0 LAURA DAMBIER TRUSTEE 1.00 X 0 0 0 WILLIAM R PEELLE JR TRUSTEE 1.00 X 0 0 0 JOHN M REYNOLDS TRUSTEE 1.00 X 0 0 0 MICHAEL KLEIN TRUSTEE 1.00 X 0 0 0 DEANNA FIDLER TRUSTEE 1.00 X 0 0 0 DAVID R MCHALE TRUSTEE 1.00 X 0 0 0 PAMELA TROTMAN REID TRUSTEE 1.00 X 0 0 0 CAROL COVELLO TRUSTEE 1.00 X 0 0 0 THOMAS J ANATHAN TRUSTEE 1.00 X 0 0 0 SUSAN TALBOTT DIRECTOR AND CEO 35.00 X 302838 0 33004 CINDY MARTINEZ CFO 35.00 X 6346 0 0 JUDITH MIHALKO FORMER FINANCE DIRECTOR 35.00 X 65454 0 10915 374638 0 43919 1 0 1 0 CONSIGLI CONSTRUCTION CO INC 100 ALLYN STREET 4TH FLOOR HARTFORD CT 06103 CONSTRUCTION 1355971 SECURITAS SECURITY SERVICES USA INC PO BOX 403412 ATLANTA GA 30384 SECURITY 713968 SMITH EDWARDS ARCHITECTS 100 ALLYN STREET 4TH FLOOR HARTFORD CT 06103 ARCHITECTURE 550064 CT MICRONET LLC 325 MAIN STREET 5 FARMINGTON CT 06032 COMPUTER CONSULTANTS 140501 HEALTHY SOURCE CATERING 600 MAIN ST HARTFORD CT 06103 FOOD VENDING SERVICES 126176 6 420920 315104 82562 12479310 13297896 AUXILIARY AND OTHER ACTIVITIES 453220 856145 856145 EXHIBITION FEES 900099 431302 431302 ADMISSION REVENUE 900099 252195 252195 1539642 1810360 1810360 12906 12906 34909 0 34909 34909 34909 49780893 47559390 2221503 2221503 2221503 277086 315104 172192 104894 104894 8306 9945 -1639 -1639 19020471 1587457 -1639 4136757 372082 242657 88438 40987 2761554 1800976 656380 304198 504644 357627 99716 47301 318383 222165 60032 36186 16901 6007 10840 54 59425 21120 38115 190 430004 152823 275805 1376 1076241 941475 134546 220 55667 48597 7059 11 18800 16412 2384 4 1179848 1043279 136569 893891 546424 226428 121039 1244565 1003119 178844 62602 ACQUISITION OF ARTWORK 3422387 3422387 PRINTING 249608 196775 31587 21246 FEES 219350 77969 140676 705 POSTAGE 211813 198263 10357 3193 85420 85420 13120583 10383495 2097776 639312 459057 672311 2795891 4414100 6533497 1799592 36096 96968 487888 460861 39362273 13936794 21908731 25425479 44809576 48895783 43026598 52766824 10390 14327 120067724 134546245 2085117 1031424 505461 315976 1979082 3524911 4569660 4872311 X 35660749 38683660 48348692 59449267 31488623 31541007 115498064 129673934 120067724 134546245 5899888 8275982 0 X 0 1 X 1 0 X 6333568 4357841 5646565 10785695 13297896 40421565 6333568 4357841 5646565 10785695 13297896 40421565 9460350 30961215 1866791 2189329 1182525 1076272 1810360 8125277 100578 93248 40818 48471 47961 331076 48877918 9191229 0.63340 0.80480 X 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 0 86103039 10061247 12686619 7634526 430004 100786375 83971490 1500278 8477148 7373651 472226 86103039 88964640 1149146 658116 6400661 399751 83971490 76719151 923226 15433221 3858818 252140 88964640 71290175 1922555 9186836 5465291 230344 76719151 0.16000 0.30000 0.54000 1 0 33548614 10560013 22988601 3716413 3376781 339632 2097246 2097246 25425479 DEBT SECURITIES 30422256 F INVESTMENTS HELD IN TRUST BY OTHERS 814696 C SHORT TERM INVESTMENTS 21529872 C 52766824 X 27050736 8275982 2150 182137 8460269 18590467 430004 430004 19020471 12874866 2150 182137 184287 12690579 430004 430004 13120583 PART II, LINE 9: THE WADSWORTH ATHENEUM MUSEUM OF ART REFLECTS EXPENDITURES RELATING TO ITS EASEMENTS IN ITS OPERATING REVENUE AND EXPENDITURE REPORT. EXPENDITURES ARE BUDGETED IN THE APPROPRIATE FISCAL YEARS. 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 IS A PRIVATE NOT-FOR-PROFIT CORPORATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS AN ORGANIZATION GENERALLY EXEMPT FROM INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THE MUSEUM HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2014. THE MUSEUM'S U.S. FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2011 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: SPECIAL EVENT EXPENSES 172,192. SHOP EXPENSES 9,945. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 172,192. SHOP EXPENSES 9,945. FALL GALA 503315 267143 236172 126288 GOLF TOURNAMENT 88875 47961 40914 45904 592190 315104 277086 172192 172192 104894 X 1 1 X X X X 0 0 0 0 0 0 0 0 0 SUSAN TALBOTT DIRECTOR AND CEO 292384 0 0 0 10454 0 17492 0 15512 0 335842 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 3 SEE SCHEDULE O 0 1 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 IN DEPTH. THE CHAIR OF THE AUDIT COMMITTEE WILL MAKE THE FORM AVAILABLE TO THE BOARD OF TRUSTEES FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C MUSEUM MANAGEMENT MONITORS AND ENFORCES COMPLIANCE BY REQUIRING ALL EMPLOYEES TO COMPLETE A CONFLICT OF INTEREST FORM ANNUALLY 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 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 A SUB-COMMITTEE OF THE EXECUTIVE COMMITTEE (COMPENSATION COMMITTEE) AND DIRECTOR OF HUMAN RESOURCES TO DETERMINE THE SALARY AND BENEFIT PACKAGE FOR THE CEO/DIRECTOR. THE ASSOCIATION OF ART MUSEUM DIRECTORS (AAMD) SALARY SURVEY, MUSEUM'S BUDGET AND THE CANDIDATE'S QUALIFICATIONS AND EXPERIENCE ARE TAKEN INTO CONSIDERATION IN DETERMINING THE COMPENSATION PACKAGE. OFFICERS OR KEY EMPLOYEES THE CEO/DIRECTOR OF THE MUSEUM DETERMINES THE COMPENSATION FOR OFFICERS AND KEY EMPLOYEES. THE CEO/DIRECTOR WORKS WITH THE DIRECTOR OF HUMAN RESOURCES AND USES THE ASSOCIATION OF ART MUSEUM DIRECTORS (AAMD) SALARY SURVEY AND THE MUSEUM'S BUDGET AS GUIDELINES TO DETERMINE THE COMPENSATION AMOUNT. THE CEO/DIRECTOR REVIEWS THE OVERALL COMPENSATION PLAN WITH THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE DISTRIBUTED AT THE ANNUAL MEETING, POSTED ON THE WADSWORTH ATHENEUM WEBSITE AND BY REQUEST. CONFLICT OF INTEREST POLICIES ARE CURRENTLY NOT AVAILABLE TO THE PUBLIC. GOVERNING DOCUMENTS OR BY-LAWS ARE DISCLOSED BY REQUEST. SCHEDULE M, PART I, LINE 1 ACCOUNTING POLICY - RECORDING REVENUE AND EXPENSE ON ART DONATIONS RECEIVED: CONTRIBUTED ART IS NOT INCLUDED IN REVENUE OR EXPENSE IN THE MUSEUM'S FINANCIAL STATEMENTS PER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. VALUES ARE DETERMINED FOR CHARITABLE DEDUCTIONS AS NECESSARY TO SUPPORT INDIVIDUAL DONOR NEEDS.