2013-04-24T14:01:49-05:00 2012-06-30 271728945 O'CONNOR DAVIES LLP ONE STAMFORD LANDING STAMFORD CT 06902 990 2011-07-01 237105904 BRUCE MUSEUM INC BRUC 2038690376 ONE MUSEUM DRIVE GREENWICH CT 06830 PETER C SUTTON 2038690376 2013-04-19 1 ROBIN STRONG P00713382 2033232400 2011 2016-03-07 17:11:31Z PETER C SUTTON 1 MUSEUM DRIVE GREENWICH CT 06830 5341253 0 X WWW.BRUCEMUSEUM.ORG X 1970 CT BRUCE MUSEUM'S EXHIBITIONS AND EDUCATIONAL PROGRAMS ADVANCE THE UNDERSTANDING OF ART AND SCIENCE. 35 35 65 0 90026 -21721 2072123 2404775 1021151 980280 597745 429203 223763 258051 3914782 4072309 45958 0 0 0 2779353 3071940 0 0 919853 1604795 2233349 4430106 5305289 -515324 -1232980 26144521 23579841 355043 210678 25789478 23369163 X BRUCE MUSEUM INC.'S MISSION IS TO PROMOTE THE UNDERSTANDING AND APPRECIATION OF ART AND SCIENCE TO ENRICH THE LIVES OF ALL PEOPLE. 0 0 3527644 980280 SEE SCHEDULE OTHE MUSEUM WAS BUILT ORIGINALLY AS A PRIVATE HOME IN 1853 AND WAS BEQUEATHED TO THE TOWN OF GREENWICH, CT IN 1908 BY TEXTILE MERCHANT ROBERT MOFFAT BRUCE, WHO STIPULATED ITS USE AS A MUSEUM. THE FIRST EXHIBITION AT THE BRUCE MUSEUM TOOK PLACE IN 1912 AND FEATURED WORKS BY LOCAL ARTISTS KNOWN AS THE GREENWICH SOCIETY OF ARTISTS, SEVERAL OF WHOM WERE MEMBERS OF THE COS COB ART COLONY. THE COS COB SCHOOL OF AMERICAN PAINTING IS NOW WELL ESTABLISHED AS AN IMPORTANT PART OF THE HISTORY OF AMERICAN ART AND IT FORMS THE NUCLEUS OF THE MUSEUM'S HOLDINGS OF PAINTINGS, WATERCOLORS, DRAWINGS, AND NOTEBOOKS BY ARTISTS SUCH AS LEONARD AND MINA OCHTMAN, GEORGE WHARTON EDWARDS, AND HOBART JACOBS. PARALLELING AN INTEREST IN CONNECTICUT PAINTERS AND THEIR WORKS, EARLY DIRECTORS OF THE BRUCE MUSEUM PURSUED THE DEVELOPMENT OF THE NATURAL SCIENCES, BUILDING PARTICULAR STRENGTHS IN THE MINERAL AND AVIAN COLLECTIONS. THE BRUCE MUSEUM WAS EXPANDED IN 1993 AND INCLUDES NEARLY 8,000 SQUARE FEET OF EXHIBITION SPACE, COMPRISED OF ONE MAIN GALLERY, THREE SMALLER GALLERIES, AND A LECTURE HALL. THE MUSEUM ATTRACTS APPROXIMATELY 80,000 VISITORS ANNUALLY AND OPERATES UNDER ACCREDITATION BY THE AMERICAN ASSOCIATION OF MUSEUMS.THE BRUCE MUSEUM MOUNTS 12-14 CHANGING EXHIBITIONS EACH YEAR AND FEATURES A PERMANENT EXHIBITION, "CHANGES IN OUR LAND," THAT PRESENTS THE NATURAL AND CULTURAL HISTORY OF THE LONG ISLAND SOUND, INCLUDING AN OBJECT-BASED EXPLORATION OF NATIVE AMERICAN LIFE BEFORE AND AFTER EUROPEAN COLONIZATION. THE MUSEUM'S EXTENSIVE EDUCATIONAL PROGRAMS ARE EXHIBITION-BASED AND PROMOTE VISUAL LITERACY, CRITICAL THINKING, AND WRITTEN AND ORAL EXPRESSION. PROGRAMS FEATURE LINKS TO CURRICULUM FRAMEWORKS IN NEW YORK AND CONNECTICUT, AND FREE TEACHER PREVIEWS INTRODUCE AREA TEACHERS TO EACH MAJOR EXHIBITION. THE MUSEUM'S PRE-K - 12 EDUCATION PROGRAMS REACH OVER 13,000 STUDENTS EACH YEAR, INCLUDING 6,000-7,000 WHO VISIT THE MUSEUM WITH THEIR CLASSES AND A ROUGHLY EQUAL NUMBER WHO ARE VISITED BY THE BRUCEMOBILE, WHICH BRINGS OBJECT-BASED LESSONS TO CLASSROOMS. STUDENTS SERVED ATTEND ALL GREENWICH PUBLIC AND INDEPENDENT SCHOOLS, AS WELL AS SCHOOLS WITHIN A 30-MILE RADIUS (APPROXIMATELY 75% OF STUDENTS SERVED LIVE OUTSIDE OF GREENWICH). THE AWARD-WINNING NEIGHBORHOOD COLLABORATIVE BRINGS APPROXIMATELY 700 STUDENTS EACH YEAR FROM 25 HEAD START, EXTENDED-DAY, AND NEIGHBORHOOD CENTER PROGRAMS FOR A SERIES OF TOURS AND INQUIRY-BASED CLASSES, FREE OF CHARGE. THE MUSEUM ALSO OFFERS FULL- OR PARTIALLY-SUBSIDIZED PROGRAMS TO AREA SCHOOLS THAT INDICATE FINANCIAL NEED.PUBLIC PROGRAMS FOR ADULTS INCLUDE LECTURES, FILM SERIES, DOCENT-LED TOURS, VISITS TO SENIOR CENTERS BY THE BRUCEMOBILE, AND A LIFETIME OF LOOKING, A MULTI-SENSORY PROGRAM FOR INDIVIDUALS WITH ALZHEIMER'S DISEASE AND OTHER FORMS OF DEMENTIA THAT UTILIZES OBJECTS, ARTISTS' MATERIALS AND REPRODUCTION IMAGES TO EVOKE PARTICIPANTS' VERBAL RESPONSES BASED ON THEIR LIFETIMES OF MEMORIES AND PERSONAL STORIES. OTHER PUBLIC PROGRAMS INCLUDE NINE FAMILY DAYS HELD THROUGHOUT THE YEAR, FEATURING ACTIVITIES, PERFORMANCES, AND SPECIAL PROGRAMS FOR FAMILIES, INCLUDING AN ANNUAL CELEBRATION OF THE LIFE OF MARTIN LUTHER KING, JR. THE MUSEUM ALSO SPONSORS INTERNSHIP PROGRAMS FOR HIGH SCHOOL STUDENTS AND RECENT COLLEGE GRADUATES WHO WORK IN VARIOUS MUSEUM DEPARTMENTS.HIGHLIGHTS OF THE BRUCE MUSEUM'S EXHIBITIONS DURING FY 2012 INCLUDED DRAWINGS BY REMBRANDT, HIS STUDENTS AND CIRCLE FROM THE MAIDA AND GEORGE ABRAMS COLLECTION (9/24/2011-1/6/2012), WHICH FEATURED TEN WORKS BY REMBRANDT AS WELL AS NEARLY 50 DRAWINGS BY HIS STUDENTS AND FOLLOWERS, INCLUDING SHEETS NEVER BEFORE EXHIBITED OR PUBLISHED, AND TWO REMBRANDT PAINTINGS THAT WERE GENEROUSLY LOANED TO THE BRUCE FOR A SHORT PERIOD DURING THE RUN OF THE SHOW. WALTER WICK: GAMES, GIZMOS AND TOYS IN THE ATTIC (1/28/12-4/22/12) PRESENTED THE PLAYFUL AND ENCHANTING WORLD OF THE AWARD-WINNING AUTHOR AND PHOTOGRAPHER WALTER WICK, CREATOR OF THE CAN YOU SEE WHAT I SEE? BOOKS AND CO-CREATOR OF THE I SPY SERIES FOR CHILDREN. THE BRUCE PRESENTED THE PRINTS OF MARTIN LEWIS: FROM THE COLLECTION OF DORRANCE KELLY (10/1/11-2/19/12). RECOGNIZED AS ONE OF THE PREMIER AMERICAN PRINTMAKERS OF THE FIRST HALF OF THE 20TH CENTURY , LEWIS (1881-1962) WAS AN ACKNOWLEDGED MASTER OF THE INTAGLIO TECHNIQUES OF PRINTMAKING, INCLUDING ETCHING, AQUATINT, ENGRAVING, MEZZOTINT, AND DRY POINT. DIVIDED LIGHT AND COLOR: AMERICAN IMPRESSIONIST LANDSCAPES (10/29/11-1/29/12) EXAMINED THE DEPICTIONS OF LIGHT AND COLOR, IMAGERY AND OTHER KEY CHARACTERISTICS OF AMERICAN IMPRESSIONIST LANDSCAPE PAINTING AND EXPLORED THE ARTISTIC SIGNIFICANCE OF THE TOWN'S LIVELY ARTISTS COLONY. THE SHOW BROUGHT TOGETHER TWO DOZEN OF THE FINEST EXAMPLES OF THIS ART IN A SHOW WITH 3527644 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 33 0 1 65 1 1 1 0 0 0 0 0 0 0 X 35 35 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CT X GREGORY HOLLOP 2034137525 THE BRUCE MUSEUM ONE MUSEUM DRIVE GREENWICH CT 06830 PATRICIA W CHADWICK 7.50 X X 0 0 0 LEORA R LEVY 7.50 X X 0 0 0 MYRNA R HAFT 5.00 X X 0 0 0 LINDA ZWACK MUNGER 5.00 X X 0 0 0 WALTER F RAQUET 5.00 X X 0 0 0 LINDA CHASE-JENKINS 5.00 X X 0 0 0 MARTHA R ZOUBEC 5.00 X X 0 0 0 SUSAN E LYNCH 5.00 X 0 0 0 CHARLES M ROYCE 5.00 X 0 0 0 TIFFANY A BURNETTE 1.00 X 0 0 0 THOMAS J BYRNE 1.00 X 0 0 0 THOMAS P CLEPHANE 1.00 X 0 0 0 BRUCE F COHEN 1.00 X 0 0 0 GEORGE E CRAPPLE 1.00 X 0 0 0 BARBARA DALIO 1.00 X 0 0 0 FRED ELSER 1.00 X 0 0 0 CHRISTOPHER P FRANCO 1.00 X 0 0 0 MICHAEL GRUNBERG 1.00 X 0 0 0 RAYMOND E JOSLIN 1.00 X 0 0 0 MICHAEL A KOVNER 1.00 X 0 0 0 ROBERT H LAWRENCE 1.00 X 0 0 0 PAMELA H LEWANDA 1.00 X 0 0 0 SUSAN V MAHONEY 1.00 X 0 0 0 INGRID MCMENAMIN 1.00 X 0 0 0 ALICE P MELLY 1.00 X 0 0 0 JAMES E MURPHY 1.00 X 0 0 0 SARA L NELSON 1.00 X 0 0 0 ANDREW PROZES 1.00 X 0 0 0 LEAH S RUKEYSER 1.00 X 0 0 0 BRENDA TAGGART THOMPSON 1.00 X 0 0 0 MICHEL C WITMER 1.00 X 0 0 0 JOHN W WATLING III 1.00 X 0 0 0 PETER J TESEI 1.00 X 0 0 0 STEPHEN G WALKO 1.00 X 0 0 0 DARBY CARTUN 1.00 X 0 0 0 SACHIKO GOODMAN 1.00 X 0 0 0 AUNDREA AMINE 1.00 X 0 0 0 MARGARET ANKER 1.00 X 0 0 0 NATHANIAL B DAY 1.00 X 0 0 0 WILLIAM DEUTSCH 1.00 X 0 0 0 DEBORAH GOOD 1.00 X 0 0 0 JAMES LOCKHART 1.00 X 0 0 0 DEBORAH SIMON 1.00 X 0 0 0 SU ANNE WEINBERG 1.00 X 0 0 0 JENNIFER WEINSTEIN 1.00 X 0 0 0 MICHAEL S MASON 1.00 X 0 0 0 ALEXANDRA COHEN 1.00 X 0 0 0 STEVEN COHEN 1.00 X 0 0 0 KATHY FULD 1.00 X 0 0 0 RICHARD S FULD JR 1.00 X 0 0 0 PAM GOERGEN 1.00 X 0 0 0 BOB GOERGEN 1.00 X 0 0 0 JOHN L LOEB 1.00 X 0 0 0 MALCOLM HEWITT WIENER 1.00 X 0 0 0 PETER SUTTON 35.00 X 251046 0 35399 GREGORY HOLLOP 35.00 X 123578 0 25655 374624 0 61054 2 0 1 0 0 553459 408014 111783 1331519 103799 2404775 GREENWICH, CT SUPPORT 712110 769000 769000 ADMISSIONS 712110 176020 176020 WORKSHOP/PROGRAM FEES 712110 35260 35260 980280 479555 138 479417 139 139 86345 0 86345 86345 -24 86369 645253 695605 -50352 -50352 7175 -57527 465833 408014 395123 70710 70710 287054 178216 108838 90789 18049 MISCELLANEOUS REVENUE 900099 210 210 UBI FROM PASS-THROUGHS 900099 -8191 -8191 -7981 4072309 980490 90026 597018 468285 310303 64684 93298 1991261 1485707 52343 453211 94097 69632 2823 21642 329823 244069 9895 75859 188474 139471 5654 43349 30153 30153 44965 33274 2248 9443 92642 13008 79634 192868 192868 362968 331519 16602 14847 99185 78494 5177 15514 93902 69488 4695 19719 62814 46318 13715 2781 27859 10659 5474 11726 258000 190920 12900 54180 33405 24720 1670 7015 ALLOWANCE FOR DOUBTFUL 492557 492557 OTHER EXPENSES 141412 86055 18974 36383 HOSPITALITY 132146 43657 36322 52167 EXHIBITIONS/COLLECTIONS 65087 65087 103386 92395 2272 8719 5305289 3527644 857792 919853 35218 44296 1930373 1308294 2068700 1263909 117845 126304 127766 150383 7515237 5076221 2656876 2439016 16496128 16490741 2711615 1742955 0 13943 26144521 23579841 163293 186850 150000 41750 23828 355043 210678 X 5768347 3853128 2314201 1914513 17706930 17601522 25789478 23369163 26144521 23579841 X -1232980 -1187335 X X 0 0 0 X 6344072 3618077 2025951 2072123 2404145 16464368 6344072 3618077 2025951 2072123 2404145 16464368 965543 15498825 1114844 536123 334853 599286 565786 3150892 -21526 -21526 44199 1385347 1390086 1258647 985598 5063877 24657611 6198645 0.62860 0.58740 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME ALLOCATED PORTION OF MEMBERSHIP DUES ADMISSIONS WORKSHOP/PROGRAM FEES GIFT SHOP GREENWICH, CT SUPPORT RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19198390 540000 -791095 902284 18045011 15694521 711909 3634925 842965 19198390 14153549 1183725 1075342 718095 15694521 17005046 922279 -2804063 969713 14153549 0.90650 0.09350 0.00000 0 0 7086595 4774768 2311827 369256 271760 97496 59386 29693 29693 2439016 INTEREST IN LIMITED PARTNERSHIPS 1742955 F 1742955 4072309 5305289 -1232980 -1188294 959 -1187335 -2420315 3017035 -1188294 51475 -492557 -1629376 4646411 -574102 -574102 4072309 5437350 51475 573339 624814 4812536 492753 492753 5305289 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: BMI RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT HAS DETERMINED THAT BMI HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION. BMI IS NO LONGER SUBJECT TO AUDITS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO JULY 1, 2007. PART XI, LINE 8 - OTHER ADJUSTMENTS: UNRELATED BUSINESS INCOME FROM PASS-THROUGH ENTITIES 959. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON ALLOWANCE FOR UNCOLLECTIBLE PLEDGES -492,557. PART XII, LINE 4B - OTHER ADJUSTMENTS: UNRELATED BUSINESS EXPENSES FROM PASS-THROUGH ENTITIES -763. COST OF GOODS SOLD -178,216. SPECIAL EVENTS DIRECT EXPENSES -395,123. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS DIRECT EXPENSES 395,123. COST OF GOODS SOLD 178,216. PART XIII, LINE 4B - OTHER ADJUSTMENTS: UNRELATED BUSINESS EXPENSES FROM PASS-THROUGH ENTITIES 196. LOSS ON ALLOWANCE FOR UNCOLLECTIBLE PLEDGES 492,557. RENAISSANCE BALL 602248 292938 309310 15000 82060 77197 22500 33146 ICON AWARDS 108828 46568 62260 1058 16630 25102 15325 3 162771 68508 94263 2718 19289 39430 3500 42168 873847 408014 465833 18776 117979 141729 26000 90639 395123 70710 1 X 0 0 0 0 0 0 0 0 0 PETER SUTTON 239086 0 11960 0 0 0 12945 0 22454 0 286445 0 0 0 X 4 103799 FAIR MARKET VALUES 0 1 0 FORM 990, PART VI, SECTION A, LINE 6 BRUCE MUSEUM, INC. CAN HAVE THE FOLLOWING CLASSES OF MEMBERSHIP AS THE BOARD HAS AUTHORIZED IN THE BY LAWS: A)INDIVIDUAL MEMBERSHIP B)CORPORATE MEMBERSHIP (WHICH MAY INCLUDE A PARTNERSHIP, TRUST OR OTHER LEGAL ENTITY) C)FAMILY MEMBERSHIP D)PATRON MEMBERSHIP E)BENEFACTOR MEMBERSHIP F)ROBERT BRUCE CIRCLE MEMBERSHIP EACH MEMBERSHIP IN GOOD STANDING IS ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED TO A VOTE OF THE MEMBERS. THE PERSONS WHO COMPRISE A FAMILY MEMBERSHIP - TOGETHER IS ENTITLED TO ONE VOTE ON EACH MATTER. A MEMBERSHIP MAY VOTE IN PERSON (THROUGH A DULY AUTHORIZED REPRESENTATIVE IN THE CASE OF A CORPORATE MEMBERSHIP) OR BY VALID PROXY. MEMBERS ARE NOT ENTITLED RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS OR EXCESS DUES OR A SHARE OF THE ORGANIZATION'S NET ASSETS UPON THE ORGANIZATION'S DISSOLUTION. THE BOARD MAY, FROM TIME TO TIME, MODIFY OR ELIMINATE CLASSES OF MEMBERSHIP, MAY ESTABLISH OTHER CLASSES OF MEMBERSHIP, AND QUALIFICATIONS AND PRIVILEGES APPLICABLE TO EACH MEMBERSHIP CLASS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE BRUCE MUSEUM, INC. ELECT THE TRUSTEES, OTHER THAN THE EX-OFFICIO TRUSTEES, AT THE ANNUAL MEETING OF THE MEMBERS, BY A MAJORITY VOTE OF THE MEMBERS ENTITLED TO VOTE WHO ARE PRESENT IN PERSON OR BY WRITTEN PROXY. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PROVIDED TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C IT HAS BEEN THE DUTY OF THE BOARD TO MONITOR ANY CONFLICTS OF INTEREST THAT MAY ARISE. THE STAFF NOTIFIES THE BOARD IF THERE ARE ANY CONCERNS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE CONDUCTS AN ANNUAL PERFORMANCE REVIEW OF THE EXECUTIVE DIRECTOR. COMPENSATION IS BASED ON THE EMPLOYEE'S PERFORMANCE AND COMPARABILITY DATA TO THE INDUSTRY STANDARDS. THE BOARD APPROVES THE EXECUTIVE DIRECTOR'S COMPENSATION. THE BOARD APPROVES COMPENSATION OF OTHER EMPLOYEES INDIRECTLY THROUGH APPROVAL OF EACH FISCAL YEAR'S BUDGET. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND THE FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST TO THE ORGANIZATION. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -1,188,294. UNRELATED BUSINESS INCOME FROM PASS-THROUGH ENTITIES 959. TOTAL TO FORM 990, PART XI, LINE 5: -1,187,335. AUDIT COMMITTEE OVERSIGHT OF AUDIT: FORM 990. PART XI, LINE 2C THE INDEPENDENT AUDITOR IS SELECTED AFTER A REVIEW AND BIDDING PROCESS CONDUCTED BY THE AUDIT COMMITTEE. THE AUDIT COMMITTEE REVIEWS THE FINANCIAL STATEMENT AND MEETS WITH THE INDEPENDENT AUDITORS BEFORE THE AUDIT REPORT AND FINANCIAL STATEMENTS ARE ISSUED. AUDIT FINDINGS, IF ANY, ARE COMMUNICATED TO THE AUDIT COMMITTEE BY THE INDEPENDENT AUDITORS. AUDIT COMMITTEE CONSIDERS THE FINDINGS. AUDIT COMMITTEE RECOMMENDS CORRECTIVE ACTION, IF IN THEIR JUDGEMENT IT IS NEEDED. THERE HAVE BEEN NO CHANGES IN THE PROCESS FROM THE PRIOR YEAR. MUSEUM COLLECTION: FORM 990, PART IV, LINE 8 THE TOWN OF GREENWICH, CONNECTICUT OWNS THE ENTIRE MUSEUM COLLECTION. THE ORGANIZATION OPERATES THE FACILITY AND ORGANIZES THE EXHIBITS PER AN AGREEMENT WITH THE TOWN OF GREENWICH. THE ORGANIZATION PROVIDES SECURITY FOR THE COLLECTION. IT ALSO PERFORMS RESTORATION AND PERSERVATION OF COLLECTION AS NEEDED TO MAINTAIN THE COLLECTION FOR EXHIBITION.