2014-09-12T12:59:55-05:00 2013-12-31 510232475 Cover & Rossiter PA 62 Rockford Road Suite 200 Wilmington DE 19806 990 2013-01-01 510070531 Eleutherian Mills-Hagley Foundation Inc ELEU 3026582400 PO Box 3630 Wilmington DE 198070630 Jeanne Belk Finance Director 3026582400 2014-09-10 1 Peter Kennedy P00571422 3026566632 2014-08-29 2013 2015-11-30 17:44:51Z Jeanne Belk PO Box 3630 Wilmington DE 198070630 23975698 0 X www.hagley.org X 1952 DE Hagley Museum and Library collects, preserves, and interprets the unfolding history of American enterprise. 16 16 174 548 28456 0 4375039 2047710 647474 683021 3512259 7125047 299566 289905 8834338 10145683 42600 36450 0 0 5526595 5367186 0 0 307000 3943655 4250397 9512850 9654033 -678512 491650 150635361 165512302 362111 365610 150273250 165146692 X At Hagley, we invite people of all ages to investigate and experience the unfolding history of American business, technology, and innovation, and its impact on the world, from our home at the historic DuPont powder yards on the banks of the Brandywine. 0 0 4204218 594689 Hagley Museum's primary audiences are cultural tourists traveling on their own; school groups participating in our curriculum based education programs; adult motor coach tours and families attending special events. In 2013 total attendance was 65,486, consisting of 21,131 general admission; 12,687 school and youth tours; 1,929 adult tours; and 29,739 special event admissions. 3548156 36450 Hagley's Research Library responded to over 4,543 researchers in 2013, resulting in a total of 14,316 reference transactions. The Imprints department answered requests from 1,616 individuals, utilizing 3,892 rare books and trade catalogues. The Manuscripts and Archives department responded to questions from 2,543 researchers, utilizing 4,583 linear feet of material. The Pictorial department responded to 625 researchers using 314 collections. The Digital Collections department saw 801,720 page visits. Staff catalogued 3,897 books and collection items and processed 1,402 linear feet of manuscripts, archives or pictorial collections. Cataloguing staff contributed 1,652 authority records to the national database. Our Conservation Lab extended 7,002 treatments to Library Division materials. Overall, the Library produced six exhibitions and also supported the mounting of the Museum's current major exhibit on Nylon and fashion. The Center for History of Business, Technology and Science funded 44 of 66 grant applications; held one conference and one symposium; initiated a new public lecture series with four events per year; held six seminars, enjoying the highest annual attendance in the seminar's history; maintained two book series with the University of Pennsylvania Press and the John Hopkins University Press; and organized the Business History Conference annual meeting. Our public events of conferences, lectures and tours exposed Hagley to more than 5,244 visitors. 154733 155928 The Hagley Associates Program works to support the Hagley mission through membership sales. Approximately 2,700 families and individuals enjoy special events, lectures and exhibit previews as well as have access to Hagley's facilities year round. 7907107 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 46 0 1 174 1 1 1 1 UK 0 0 0 0 0 0 0 0 X 16 16 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Business Office 3026582400 298 Buck Road East Wilmington DE 198070630 Mr Henry B du Pont IV Trustee, President 3.00 X X 0 0 0 Mr Howard E Cosgrove Trustee, Vice-President 1.00 X X 0 0 0 Ms Ann C Rose Trustee, Secretary 1.00 X X 0 0 0 Mr Augustus I du Pont Trustee, Treasurer 1.00 X X 0 0 0 Mr E Matthew Brown Trustee 1.00 X 0 0 0 Mr Edward J Bassett Trustee 1.00 X 0 0 0 Ms Carol A Ammon Trustee 1.00 X 0 0 0 Mr Edward B du Pont Trustee, President Emeritu 1.00 X 0 0 0 Dr Thomas M Connelly Jr Trustee 1.00 X 0 0 0 Mr Blaine T Phillips Trustee 1.00 X 0 0 0 Mr Christopher D Saridakis Trustee 1.00 X 0 0 0 Mr Robert V A Harra Jr Trustee 1.00 X 0 0 0 Mr Charles M Elson Trustee 1.00 X 0 0 0 Ms Darla L Pomeroy Trustee 1.00 X 0 0 0 Mr M Gary Talley Trustee 1.00 X 0 0 0 Dr JoAnne Yates Trustee 1.00 X 0 0 0 Mr Geoffrey Halfpenny Director 35.00 X 84504 0 5978 Ms Marjorie P Kelly Assistant Secretary 35.00 X 41091 0 13646 Ms Jeanne L Belk Finance Director; Asst. Tr 35.00 X 81996 0 20292 Joan Hoge-North Library Deputy Dir 35.00 X 107532 0 8647 Mr David Cole Director 35.00 X 43245 0 0 358368 0 48563 1 0 0 0 Cambridge Associates LLC PO Box 10317 Uniondale NY 11555 Investment Management 154168 1 2047710 83856 2047710 Special Events Revenue 900099 426962 426962 Admissions 900099 256059 256059 683021 3242648 3242648 228843 34990 193853 193853 193853 17594424 13712025 3882399 3882399 3882399 152621 83000 69621 41165 28456 Miscellaneous Visitor & Photocopy 900099 26431 26431 26431 10145683 750617 28456 7318900 36450 36450 433434 283748 149686 3845321 3529911 169071 146339 280360 205398 51974 22988 497092 399107 53729 44256 310979 280512 18671 11796 33500 33500 630285 630285 226481 91634 123437 11410 127890 127890 267802 193519 21056 53227 1044919 931776 110114 3029 35220 25993 5054 4173 987442 987442 316274 257584 48908 9782 Restricted Expenses App 264038 239597 24441 Special Events Producti 192606 192606 Library Division 121795 121795 Miscellaneous expense 2145 2145 0 9654033 7907107 1439926 307000 697400 1669225 807833 684325 18353 15997 96268 95148 400956 447703 35067770 17547008 18166088 17520762 94086703 103711160 36361760 41367982 150635361 165512302 166885 178844 65332 71140 129894 115626 362111 365610 X 115158919 125599256 12449467 16377303 22664864 23170133 150273250 165146692 150635361 165512302 X 491650 13569318 812474 X X 0 1 X 1 0 X 1463916 2086568 1527619 1553840 2047710 8679653 1463916 2086568 1527619 1553840 2047710 8679653 2308538 6371115 2200696 2217048 2195371 2175665 2089233 10878013 19557666 3982320 0.32580 0.33520 X Schedule A, Part IV, List of Unusual Grants: Description: Beneficiary of CLAT Date: 06/01/09 Amount: 1287500. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 125458239 505269 20692362 6579925 140075945 112474285 3303104 15667560 5986710 125458239 121525449 488254 -3226879 6217797 94742 112474285 111448118 1582285 14772712 6274970 2696 121525449 93740835 570598 23904394 6619426 148283 111448118 0.75360 0.16540 0.08100 0 0 1419399 1419399 27282965 13931567 13351398 3819316 2813933 1005383 2546090 801508 1744582 17520762 38727341 F Split Interest Agreement 2640641 F 41367982 Accrued Post Retirement Benefits 115626 115626 X 8953526 5932890 5932890 3020636 7125047 7125047 10145683 9772023 117990 117990 9654033 0 9654033 Part III, Line 1a: Hagley does not capitalize donated collection items or recognize them as revenues or gains. 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 de-accessions or insurance recoveries are reflected as increases in the appropriate net asset class. Part III, Line 4: The collections are held for public exhibition, education, or research in furtherance of public service rather than financial gain. They are protected, kept unencumbered, cared for, and preserved, and are subject to a policy that requires the proceeds from sales of collection items to be used to acquire other items for collections. Part V, Line 4: Hagley has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs supported by its endowment while seeking to maintain the purchasing power of the endowment assets. Endowment assets include those assets of donor-restricted funds that Hagley must hold in perpetuity or for a donor-specified period(s) as well as Board-designated funds. Under this policy, as approved by the Board of Trustees, the endowment assets are invested in a manner that is intended to maintain the level of financial support currently provided while assuming a moderate level of investment risk. Part X, Line 2: Hagley has adopted the provisions of FASB ASC 740-10-50, Accounting for Uncertainty in Income Taxes. Management continually evaluates uncertain tax positions and expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings, as applicable. Management's evaluation is that there is no income tax liability. This evaluation is based on settled and established positions within the Internal Revenue Code and management believes there is no significant uncertainty related to its evaluation. Hagley's policy is to expense all interest and penalties, if any, as incurred. No amounts of interest or penalties were recognized by Hagley during the year ended December 31, 2013. No tax years prior to 2010 remain subject to examination by federal jurisdictions. Part XI, Line 2d - Other Adjustments: Endowment Draw 5,814,900. Cost of Goods Sold on Line 10b 83,000. Rental Expenses Reported on Line 6b 34,990. Part XI, Line 4b - Other Adjustments: Investment Income 3,242,648. Realized Gains on Investment Sales 3,882,399. Part XII, Line 2d - Other Adjustments: Cost of Goods Sold on Line 10b 83,000. Rental Expenses Reported on Line 6b 34,990. Central America and the Caribbean 0 0 Investment 22290220 Europe (Including Iceland & Greenland) 0 0 Investment 6977809 0 0 0 0 0 0 29268029 0 29268029 0 0 0 0 0 0 1 Fellowship & research grants 38 36450 FMV Part I, Line 2: Hagley research grants are awarded through an application and evaluation process. The committee, comprised of Hagley experts and outside scholars, assesses applications 4 times per year. Applicants must demonstrate their research will make important scholarly and academic contributions; potential grant recipients must also make sufficient use of Hagley's research collections. 38 grants were awarded in 2013. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 Part I, Line 1a As a condition of employment and for the convenience of the Organization, the Executive Director resides on Hagley's premises. X FASB ASC 958-360-25 X 23 83856 PUBLICLY TRADED VALUE X 2814 FASB ASC 958-360-25 0 1 0 Form 990, Part VI, Section A, line 2 Some Trustees have a common family relationship. Form 990, Part VI, Section B, line 11 Draft versions of the Form 990 are distributed to all members of the Board prior to filing. Form 990, Part VI, Section B, line 12c Each Director must complete a Conflict of Interest Policy Disclosure Statement annually. Board members are required to acknowledge a potential conflict to the Board prior to entering into a transaction with Hagley. The minutes of the Board meeting at which a disclosure of conflict is made shall reflect the occurrence and the outcome. The Executive Director monitors contracts and vendor payments for potential conflicts of interest and informs the President of the Board. The President then brings the potential conflict to the Board for discussion when deemed possibly material. Form 990, Part VI, Section B, line 15 The Executive Director gathers local salary data as well as national salary survey data every other year in order to establish current market values for Hagley's salaried positions. The collected survey data supports a salary structure that aligns every position within a salary range. The Executive Director works with the Organization and Compensation Committee under the Board of Directors in order to ensure that the proper appraisal systems and compensation and benefits philosophies approved by the Committee are adhered to by management. Form 990, Part VI, Section C, line 19 There currently exists no legal requirement to make governing documents, conflict of interest policies or audited financial statements publicly available. Hagley has never received a request for information of this type. If any requests for this information should be received, they would be evaluated by the Trustees on a case by case basis. In general, the Trustees believe that the information available on this form (the Form 990) would be more than sufficient to respond to most legitimate inquiries. Form 990, Part XI, line 9: Net unrealized gain on split interest trust agreement 812,474. Form 990, Part XI, Line 2c: The Finance Committee assumes oversight of the financial statements and the selection of the independent auditors.