2013-05-15T07:45:37-05:00 2012-06-30 131655065 LUTZ AND CARR CPAS LLP 300 EAST 42ND STREET NEW YORK NY 10017 990 2011-07-01 131789318 WHITNEY MUSEUM OF AMERICAN ART WHIT 2125703600 945 MADISON AVENUE NEW YORK NY 10021 JOHN STANLEY 2126711820 2013-05-07 1 FREDERICK MARTENS P00298107 2126972299 2013-05-07 2011 2016-02-24 21:20:13Z ADAM WEINBERG 945 MADISON AVENUE NEW YORK NY 10021 164890000 0 X WHITNEY.ORG X 1926 NY THE WHITNEY MUSEUM OF AMERICAN ART 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. 43 42 313 100 27000 0 62061000 45961000 3436000 3024000 81733000 5531000 350000 270000 147580000 54786000 0 50000 0 0 16371000 17447000 179000 254000 4610000 23327000 20943000 39877000 38694000 107703000 16092000 448245000 602967000 16027000 156083000 432218000 446884000 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 15981000 50000 2913000 COLLECTION AND EXHIBITIONS OF AMERICAN ART:THE WHITNEY MUSEUM OF AMERICAN ART PRESENTED 16 EXHIBITIONS IN FY '12. THESE INCLUDED SINGULAR VISIONS (DECEMBER 16, 2010-AUGUST 5, 2012), BREAKING GROUND: THE WHITNEY'S FOUNDING COLLECTING (APRIL 28-SEPTEMBER 18, 2011), CORY ARCANGEL: PRO TOOLS (MAY 26-SEPTEMBER 11, 2011), LYONEL FEININGER: AT THE EDGE OF THE WORLD (JUNE 30-OCTOBER 16, 2011), XAVIER CHA: BODY DRAMA (JUNE 30-OCTOBER 9, 2011), REAL/SURREAL (OCTOBER 6, 2011-FEBRUARY 12, 2012), DAVID SMITH: CUBES AND ANARCHY (OCTOBER 6, 2011-JANUARY 8, 2012), ALEKSANDRA MIR: THE SEDUCTION OF GALILEO GALILEI (OCTOBER 20, 2011-FEBRUARY 19, 2012), SHERRIE LEVINE: MAYHEM (NOVEMBER 10, 2011-JANUARY 29, 2012), 2012 WHITNEY BIENNIAL (MARCH 1-MAY 27, 2012), AS APPLE PIE (JUNE 8, 2012-ONGOING), SHARON HAYES: THERE'S SO MUCH I WANT TO SAY TO YOU (JUNE 21-SEPTEMBER 9, 2012), AND SIGNS & SYMBOLS (JUNE 28-OCTOBER 28, 2012). ADDITIONALLY, THE MUSEUM PRESENTED THREE FILM AND VIDEO INSTALLATIONS: MORE THAN THAT: FILMS BY KEVIN JEROME EVERSON (APRIL 28-SEPTEMBER 18, 2011), THREE LANDSCAPES: A FILM INSTALLATION BY ROY LICHTENSTEIN (OCTOBER 6, 2011-FEBRUARY 12, 2012), AND OSKAR FISCHINGER: SPACE LIGHT ART (JUNE 28-OCTOBER 28, 2012). PERFORMANCES AT THE MUSEUM AND OFF SITE INCLUDED STREB EXTREME ACTION COMPANY'S ASCENSION AT GANSEVOORT PLAZA (JULY 7-9, 2011), AND MEDESKI MARTIN & WOOD, WHICH DID A RESIDENCE AT THE MUSEUM IN AUGUST 2011. THE MUSEUM ALSO PRESENTED TOURING EXHIBITIONS AT VENUES ACROSS THE UNITED STATES AND ABROAD, INCLUDING GLEN LIGON: AMERICA, PRESENTED AT THE LOS ANGELES COUNTY MUSEUM OF ART, CALIFORNIA, AND THE MODERN ART MUSEUM FORT WORTH, TEXAS, AND LYONEL FEININGER: AT THE EDGE OF THE WORLD, PRESENTED AT THE MONTREAL MUSEUM OF FINE ARTS. 9517000 111000 CURATORIAL AND RELATED SUPPORT:IN FY '12 THE CURATORIAL DEPARTMENT COMMENCED THE PLANNING PROCESS FOR THE PERMANENT COLLECTION DISPLAY AT THE NEW BUILDING. THE RESEARCH AND PLANNING PHASE HAS INCLUDED A CHRONOLOGICAL SERIES OF PERMANENT COLLECTION EXHIBITIONS AT THE BREUER BUILDING, WHICH BEGAN WITH "BREAKING GROUND" AND CONTINUED WITH "REAL/SURREAL" AND "SIGNS & SYMBOLS." ADDITIONALLY, A CORE TEAM OF CURATORS IS UNDERTAKING A COMPARATIVE ANALYSIS OF THE WHITNEY'S COLLECTION, EXAMINING THE LATEST SCHOLARSHIP ON 20TH- AND 21ST-CENTURY AMERICAN ART, AND CONDUCTING RESEARCH TRIPS AND ROUNDTABLES WITH OTHER SCHOLARS, CRITICS, AND ARTISTS TO CLARIFY THE UNIQUE CURATORIAL VOICE THAT WILL DISTINGUISH THE WHITNEY'S FUTURE COLLECTION DISPLAY. 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 EXHIBITION ARCHIVES, ARTISTS' CORRESPONDENCE AND EPHEMERA, THE MUSEUM'S EARLIEST 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, SUCH AS GALLERY ANNOUNCEMENTS AND RARE AND UNUSUAL PERIODICALS. 2756000 EDUCATION PROGRAMS:IN FY '12, WHITNEY EDUCATION SERVED OVER 323,000 (INCLUDING ONLINE VISITORS) PEOPLE THROUGH SCHOOL & EDUCATOR PROGRAMS, PUBLIC PROGRAMS, SENIOR PROGRAMS, FAMILY PROGRAMS, TEEN PROGRAMS, COMMUNITY PROGRAMS, AND INTERPRETATION PROGRAMS. THE BIENNIAL, THE WHITNEY'S SIGNATURE CONTEMPORARY ART EXHIBITION, WAS A MAJOR FOCUS OF THE DEPARTMENT'S PROGRAMMING. THE WHITNEY OFFERED FREE TOURS OF THE EXHIBITION, GUIDED VISITS FOR SCHOOLS, TEEN PROGRAMS WITH BIENNIAL ARTISTS-IN-RESIDENCE, FAMILY ART WORKSHOPS AND FAMILY DAY PROGRAMS, SIGN LANGUAGE AND TOUCH TOURS, EVENING PUBLIC PROGRAMS PLANNED IN COLLABORATION WITH BIENNIAL ARTISTS, ONLINE EXHIBITION-RELATED CONTENT AND THE MUSEUM'S FIRST-EVER MULTIMEDIA GUIDE FOR 2012 BIENNIAL. WHITNEY EDUCATION CONDUCTED A SUMMATIVE EVALUATION OF THE BIENNIAL GUIDE IN ORDER TO UNDERSTAND HOW VISITORS WERE USING IT, LEARN MORE ABOUT VISITOR'S PERCEPTIONS OF NEW AND DIGITAL MEDIA, AND PLAN FOR FUTURE PRODUCTIONS. ANOTHER FOCUS OF ONGOING PLANNING IS THE WHITNEY'S NEW DOWNTOWN NEIGHBORHOOD. THE DEPARTMENT'S NEWLY CREATED ACCESS AND COMMUNITY DIVISION FACILITATED QUALITATIVE AND QUANTITATIVE RESEARCH ABOUT THE MEATPACKING DISTRICT (SITE OF THE FUTURE WHITNEY MUSEUM), FOSTERED CONTINUING AND GROWING RELATIONSHIPS WITH DOWNTOWN SCHOOLS, SENIOR CENTERS, AND COMMUNITY-BASED ORGANIZATIONS, AND ESTABLISHED THE WHITNEY EDUCATION COMMUNITY ADVISORY NETWORK (WECAN). EDUCATION ALSO LAUNCHED A LONGITUDINAL STUDY ON TEEN ARTS PARTICIPATION, FUNDED BY THE FEDERAL GOVERNMENT'S INSTITUTE OF MUSEUM AND LIBRARY SERVICES, IN COLLABORATION WITH THE WALKER ART CENTER, LAMOCA, AND THE CONTEMPORARY ARTS MUSEUM HOUSTON. THE WHITNEY'S VIDEO BLOG (VLOG) PROJECT, A SERIES FEATURING DEAF EDUCATORS USING ASL TO DISCUSS WHITNEY ARTISTS AND PROGRAMS, RECEIVED AN INTERNATIONAL JODI AWARD FOR CULTURAL ACCESSIBILITY, A BEST OF THE WEB AWARD FROM THE MUSEUMS AND THE WEB CONFERENCE, AND A BRONZE MUSE AWARD FROM THE AMERICAN MUSEUM ASSOCIATION. FOR KIDS WEBPAGES WON A SILVER MUSE AWARD FROM THE AMERICAN MUSEUM ASSOCIATION IN THE CATEGORY OF EDUCATION AND OUTREACH. FINALLY, IN RESPONSE TO THE PRESSING NEED FOR EDUCATION PROGRAMMING SPACE, THE WHITNEY COMMISSIONED A POP UP STUDIO SPACE IN THE MUSEUM'S SCULPTURE COURT FROM THE NYC-BASED ARCHITECTURE FIRM LOT-EK. FOR MORE INFORMATION ABOUT WHITNEY EDUCATION, PLEASE VISIT WHITNEY.ORG/EDUCATION. 1032000 -94000 PUBLICATION AND RETAIL:MUSEUM RELATED AUXILLARY SERVICES THAT PROVIDE PRODUCTS RELATED TO THE MUSEUM'S COLLECTION AND EXHIBITIONS. 1032000 -94000 29286000 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 0 1 191 0 313 1 1 1 0 0 0 0 1 1 0 0 0 0 X 43 42 1 0 0 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 CHIEF FINANCIAL OFFICER 2126711820 945 MADISON AVENUE NEW YORK NY 10021 ADAM D WEINBERG 35.00 X X 705702 0 70089 LEONARD A LAUDER 1.00 X X 0 0 0 FLORA MILLER BIDDLE 1.00 X X 0 0 0 ROBERT J HURST 1.00 X X 0 0 0 BROOKE GARBER NEIDICH 1.00 X X 0 0 0 NEIL G BLUHM 1.00 X X 0 0 0 MELVA BUCKSBAUM 1.00 X X 0 0 0 SUSAN K HESS 1.00 X X 0 0 0 RAYMOND J MCGUIRE 1.00 X X 0 0 0 ROBERT W WILSON 1.00 X X 0 0 0 RICHARD M DEMARTINI 1.00 X X 0 0 0 JAMES A GORDON 1.00 X X 0 0 0 WARREN B KANDERS 1.00 X X 0 0 0 PETER NORTON 1.00 X X 0 0 0 JOHN C PHELAN 1.00 X X 0 0 0 SCOTT RESNICK 1.00 X X 0 0 0 FERN KAYE TESSLER 1.00 X X 0 0 0 THOMAS E TUFT 1.00 X X 0 0 0 JOANNE LEONHARDT CASSULLO 1.00 X X 0 0 0 HENRY CORNELL 1.00 X X 0 0 0 STEVEN AMES 1.00 X 0 0 0 J DARIUS BIKOFF 1.00 X 0 0 0 RICHARD M CHANG 1.00 X 0 0 0 NANCY CARRINGTON CROWN 1.00 X 0 0 0 PAMELLA G DEVOS 1.00 X 0 0 0 BETH RUDIN DEWOODY 1.00 X 0 0 0 FAIRFAX N DORN 1.00 X 0 0 0 VICTOR F GANZI 1.00 X 0 0 0 HENRY LOUIS GATES JR 1.00 X 0 0 0 PHILIP H GEIER JR 1.00 X 0 0 0 SONDRA GILMAN GONZALEZ-FALLA 1.00 X 0 0 0 ANNE DIAS GRIFFIN 1.00 X 0 0 0 GEORGE S KAUFMAN 1.00 X 0 0 0 EMILY FISHER LANDAU 1.00 X 0 0 0 RAYMOND J LEARSY 1.00 X 0 0 0 JONATHAN O LEE 1.00 X 0 0 0 THOMAS H LEE 1.00 X 0 0 0 ELIZABETH MACKLOWE 1.00 X 0 0 0 DONNA PERRET ROSEN 1.00 X 0 0 0 PAUL C SCHORR IV 1.00 X 0 0 0 RICHARD D SEGAL 1.00 X 0 0 0 JONATHAN S SOBEL 1.00 X 0 0 0 LAUREN M TISCH 1.00 X 0 0 0 FRED WILSON 1.00 X 0 0 0 DAVID W ZALAZNICK 1.00 X 0 0 0 BRITTANIE SCHMIEDER 35.00 X 135176 0 16985 JOHN STANLEY 35.00 X 358076 0 45719 ROSE O'NEILL-SUSPITSYNA 35.00 X 77805 0 19374 DONNA DESALVO 35.00 X 300312 0 67098 ALEXANDRA WHEELER 35.00 X 274066 0 55672 JEFFREY LEVINE 35.00 X 187539 0 17568 STEPHANIE ADAMS 35.00 X 165824 0 42702 CHRISTY L PUTNAM 35.00 X 151565 0 53802 CAROL MANCUSI-UNGARO 35.00 X 209344 0 64610 KATHRYN A POTTS 35.00 X 137985 0 35219 JOHN COLLINS 35.00 X 163232 0 48450 AMY ROTH 35.00 X 134194 0 18482 BARBARA HASKELL 35.00 X 128256 0 70867 3129076 0 626637 32 0 1 0 TURNER CONSTRUCTION COMPANY 375 HUDSON STREET 6TH FLOOR NEW YORK NY 10014 CONSTRUCTION SERVICES 4891000 RENZO PIANO BUILDING WORKSHOP 34 RUE DES ARCHIVES PARIS FR 19170 ARCHITECTURAL SERVICES 4379000 COOPER ROBERTSON & PARTNERS 311 WEST 43RD STREET NEW YORK NY 10036 ARCHITECTURAL SERVICES 2650000 ROBERT SILMAN ASSOCIATES PC 88 UNIVERSITY PLACE NEW YORK NY 10003 ENGINEERING SERVICES 1065000 GARDINER & THEOBALD INC 317 MADISON AVENUE 19TH FLOOR NEW YORK NY 10017 NEW BUILDING PROJECT MANAGEMENT 873000 12 2906000 3935000 1596000 37524000 3214000 45961000 ADMISSION INCOME 900099 2116000 2116000 TRAVELING EXHIBITION F 900099 797000 797000 LOAN FEES 900099 111000 111000 3024000 1985000 5000 1980000 186000 186000 111706000 108160000 3546000 3546000 3546000 1052000 3935000 1052000 0 820000 892000 -72000 -94000 22000 MISCELLANEOUS INCOME 900099 87000 87000 RESTAURANT INCOME 900099 69000 69000 156000 54786000 2930000 27000 5868000 50000 50000 2907000 1044000 1091000 772000 11143000 8131000 1361000 1651000 615000 495000 23000 97000 1903000 1222000 412000 269000 879000 584000 156000 139000 138000 138000 220000 220000 254000 254000 425000 425000 689000 536000 11000 142000 607000 594000 9000 4000 344000 111000 55000 178000 286000 223000 26000 37000 3412000 3086000 263000 63000 371000 146000 149000 76000 1330000 1032000 171000 127000 704000 520000 92000 92000 PRE-CONSTRUCTION COSTS 5475000 5475000 EXHIBITION EXPENSE 3963000 3963000 OTHER EXPENSES 1671000 766000 196000 709000 ART ACQUISTIONS 1308000 1308000 38694000 29286000 4798000 4610000 8567000 22763000 16210000 19871000 73059000 66130000 641000 623000 503000 648000 44381000 104953000 52525000 16529000 33076000 35996000 95910000 96788000 175898000 255195000 448245000 602967000 9899000 14439000 2138000 476000 136425000 3990000 4743000 16027000 156083000 X 105283000 104357000 156511000 168720000 170424000 173807000 432218000 446884000 448245000 602967000 X 16092000 -1426000 X 0 1 1 X 0 X 196700000 23602000 29448000 62061000 45961000 357772000 196700000 23602000 29448000 62061000 45961000 357772000 135503760 222268240 2449000 1027000 957000 2145000 2171000 8749000 266000 471000 167000 47000 156000 1107000 367628000 21211000 0.60460 0.62720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 112590 0 0 112590 0 X X X X 1 207326000 3383000 3840000 8445000 206104000 185574000 2853000 24843000 5944000 207326000 177817000 341000 11412000 3996000 185574000 200196000 119000 -17044000 5454000 177817000 0.06210 0.84330 0.09460 0 0 26654000 26654000 17892000 11380000 6512000 1934000 1929000 5000 6045000 3220000 2825000 35996000 MONEY MARKET FUNDS 85669000 F EQUITY INVESTMENT FUNDS 48984000 F ALTERNATIVE INVESTMENTS - MULTI-STRATEGY & OTHER 50761000 F ALTERNATIVE INVESTMENTS - EQUITY LONG/SHORT 57533000 F ALTERNATIVE INVESTMENTS - REAL ASSETS 12248000 F 255195000 ACCRUED PENSION OBLIGATION 4743000 4743000 54786000 38694000 16092000 -54000 -1372000 -1426000 14666000 54307000 -54000 -54000 54361000 425000 425000 54786000 39641000 1372000 1372000 38269000 425000 425000 38694000 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 84 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 8 - OTHER ADJUSTMENTS: PENSION RELATED CHARGES OTHER THAN NET PERIODIC PENSION COSTS -1,372,000. PART XIII, LINE 2D - OTHER ADJUSTMENTS: PENSION RELATED CHARGES OTHER THAN NET PERIODIC PENSION COSTS 1,372,000. EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICE TRAVELING EXHIBITION 19000 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICE TRAVELING EXHIBITION 44000 NORTH AMERICA 0 0 PROGRAM SERVICE TRAVELING EXHIBITION 15000 0 0 0 0 0 0 78000 0 78000 0 0 0 0 0 0 X X X X X X X 1 DCM 45 MAIN STREET 815 BROOKLYN NY 11201 TELEFUNDRAISING 0 65000 63000 2000 SUSAN COURTEMANCHE 40 POWDER HORN HILL ROAD WILTON CT 06897 CAPITAL CAMPAIGN CONSULTING 0 0 181000 0 BERGEN STREET STRATEGY 146 BERGEN STREET BROOKLYN NY 11217 CORPORATE SPONSORSHIP CONSULTING 0 0 10000 0 65000 254000 2000 AZ CA CO CT GA HI IL MD MA MI NJ NC OH PA RI TN VA WA NY GALA 3161000 2442000 719000 271000 136000 312000 AMERICAN ART AWARD 1536000 1312000 224000 74000 37000 113000 1 290000 181000 109000 3000 7000 99000 4987000 3935000 1052000 348000 180000 524000 1052000 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 572932 0 0 0 132770 0 42092 0 27997 0 775791 0 0 0 BRITTANIE SCHMIEDER 127592 0 7500 0 84 0 6753 0 10232 0 152161 0 0 0 JOHN STANLEY 326736 0 30000 0 1340 0 34430 0 11289 0 403795 0 0 0 DONNA DESALVO 299055 0 0 0 1257 0 57295 0 9803 0 367410 0 0 0 ALEXANDRA WHEELER 274066 0 0 0 0 0 27716 0 27956 0 329738 0 0 0 JEFFREY LEVINE 187539 0 0 0 0 0 15651 0 1917 0 205107 0 0 0 STEPHANIE ADAMS 165680 0 0 0 144 0 13705 0 28997 0 208526 0 0 0 CHRISTY L PUTNAM 151049 0 0 0 516 0 44285 0 9517 0 205367 0 0 0 CAROL MANCUSI-UNGARO 206403 0 0 0 2941 0 54473 0 10137 0 273954 0 0 0 KATHRYN A POTTS 137834 0 0 0 151 0 33195 0 2024 0 173204 0 0 0 JOHN COLLINS 163018 0 0 0 214 0 17969 0 30481 0 211682 0 0 0 AMY ROTH 134102 0 0 0 92 0 7747 0 10735 0 152676 0 0 0 BARBARA HASKELL 127022 0 0 0 1234 0 42292 0 28575 0 199123 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 DIRECTOR AND DIRECTOR'S 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. THE TRUST FOR CULTURAL RESOURCES OF THE CITY OF NEW YORK 131789318 649717QZ1 2011-08-01 134329619 SEE PART V BELOW 0 0 0 134333066 21667876 1422855 48778988 2015 0 0 0 1 0 0 1 1 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 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 $3,446.92 OF INVESTMENT EARNINGS AS OF 6/30/12. FUNDS WERE CAPITALIZED FOR INTEREST PAYMENTS DURING THE CONSTRUCTION PERIOD ONLY. THE BALANCE OF CAPITALIZED INTEREST FUNDS AS OF 6/30/12 WAS $21,667,876. 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. FORM 990, SCHEDULE K, PART V PROCEDURES TO UNDERTAKE CORRECTIVE ACTION THE PROJECT BEING FINANCED WITH THE BONDS HAS NOT YET BEEN PLACED IN SERVICE. THE INSTITUTION IS CURRENTLY IN THE PROCESS OF IMPLEMENTING WRITTEN POST-ISSUANCE COMPLIANCE PROCEDURES, AND SUCH PROCEDURES WILL BE IN PLACE ON OR BEFORE THE DATE THE PROJECT IS PLACED IN SERVICE. X 176 0 FAIR MARKET VALUE X 21 2032000 FAIR MARKET VALUE X CONSTRUCTION 1 1182000 FAIR MARKET VALUE 0 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 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. FORM 990, PART VI, SECTION C, LINE 19 ALL AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -54,000. PENSION RELATED CHARGES OTHER THAN NET PERIODIC PENSION COSTS -1,372,000. TOTAL TO FORM 990, PART XI, LINE 5: -1,426,000. FORM 990 - GENERAL AMOUNTS REFLECTED IN THE 2011 FORM 990 FOR THE YEAR ENDED JUNE 30, 2012 HAVE BEEN ROUNDED TO THE NEAREST THOUSAND TO CONFORM WITH THE PRESENTATION IN THE MUSEUM'S AUDITED FINANCIAL STATEMENTS.