2012-05-15T14:55:49-05:00 2011-06-30 LUTZ AND CARR CPAS LLP 300 EAST 42ND STREET NEW YORK NY 10017 990 2010-07-01 131789318 WHITNEY MUSEUM OF AMERICAN ART WHIT 2125703600 945 MADISON AVENUE NEW YORK NY 10021 JOHN STANLEY 2125703600 2012-05-15 1 FREDERICK MARTENS 2126972299 2010 2016-02-24 21:20:13Z ADAM WEINBERG 945 MADISON AVENUE NEW YORK NY 10021 231135000 0 X WHITNEY.ORG X 1926 NY THE WHITNEY MUSEUM OF AMERICAN ART IS DEVELOPING PLANS TO BUILD 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 COLLECTION, EXHIBITIONS, AND EDUCATION AND PERFORMING ARTS PROGRAMS IN ONE OF NEW YORK'S MOST VIBRANT NEIGHBORHOODS. 42 41 321 70 26000 -10000 29448000 62061000 4586000 3436000 -795000 81733000 654000 350000 33893000 147580000 0 0 0 0 15383000 16371000 167000 179000 4335000 26561000 23327000 42111000 39877000 -8218000 107703000 311642000 448245000 11934000 16027000 299708000 432218000 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 17436000 3261000 COLLECTIONS AND EXHIBITIONS OF AMERICAN ART EXHIBITIONS WERE PRESENTED AT THE MUSEUM ATTRACTING APPROXIMATELY 359,000 VISITORS. TOURING EXHIBITIONS WERE PRESENTED NATIONALLY AND INTERNATIONALLY. 9347000 174000 CURATORIAL AND RELATED SUPPORT MAINTENANCE AND STORAGE OF OVER 18,900 WORKS OF ART, CURATORIAL WORK, AND PLANNING OF EXHIBITION PROGRAMS. 2611000 1000 EDUCATION PROGRAMS 128,000 PEOPLE ACCESSED INTERPRETIVE CONTENT ONLINE SUCH AS VIDEO, AUDIO, AND OTHER RESOURCES; VLOGS - VIDEO BLOGS IN AMERICAN SIGN LANGUAGE - WERE VIEWED 6400 TIMES. IN-GALLERY AUDIO GUIDES AND DOCENT-LED TOURS SERVED OVER 57,000 PEOPLE. LECTURES, SEMINARS, COURSES, SYMPOSIA, AND ARTIST EVENTS WERE ATTENDED BY OVER 3,000 PEOPLE. SCHOOL PROGRAMS SERVED 10,000 STUDENTS, PLUS AN ADDITIONAL 1400 CHILDREN WITH SPECIAL NEEDS, AND 3,000 HIGH SCHOOL STUDENTS THROUGH SELF-GUIDED VISITS. 230 TEACHERS PARTICIPATED IN A PROFESSIONAL DEVELOPMENT OPPORTUNITY. A TOTAL OF OVER 5,300 CHILDREN AND THEIR PARENTS ATTENDED A FAMILY PROGRAM AND COMMUNITY DAY. ART-MAKING WORKSHOPS, LECTURES, AND TOURS SERVED OVER 1,400 SENIOR CITIZENS BOTH AT THE MUSEUM AND AT SENIOR CENTERS. 65 TEENS PARTICIPATED IN YOUTH PROGRAMS THROUGHOUT THE YEAR AND PRODUCED PROGRAMS FOR 340 OF THEIR PEERS. 1111000 -21000 PUBLICATION AND RETAILMUSEUM RELATED AUXILLARY SERVICES THAT PROVIDE PRODUCTS RELATED TO THE MUSEUM'S COLLECTION AND EXHIBITIONS. 1111000 -21000 30505000 1 1 0 1 0 0 1 0 1 1 1 0 0 1 0 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 253 0 321 1 1 1 0 0 0 0 1 1 0 0 0 0 X 42 41 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 CONTROLLER 2125703600 945 MADISON AVENUE NEW YORK NY 10021 ADAM D WEINBERG 35.00 X X 677835 0 77150 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 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 ERIC MINDICH 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 ELIZABETH M SWIG 1.00 X 0 0 0 LAUREN M TISCH 1.00 X 0 0 0 CASEY WASSERMAN 1.00 X 0 0 0 FRED WILSON 1.00 X 0 0 0 BRITTANIE SCHMIEDER 35.00 X 115533 0 12972 JOHN STANLEY 35.00 X 311486 0 73061 ROSE O'NEILL-SUSPITSYNA 35.00 X 67002 0 14711 DONNA DESALVO 35.00 X 274403 0 68788 ALEXANDRA WHEELER 35.00 X 259089 0 48295 JEFFREY LEVINE 35.00 X 181850 0 27073 STEPHANIE ADAMS 35.00 X 162517 0 33918 CAROL MANCUSI-UNGARO 35.00 X 239230 0 64373 CHRISTY L PUTNAM 35.00 X 143942 0 60913 KATHRYN A POTTS 35.00 X 128110 0 21326 JOHN COLLINS 35.00 X 160752 0 38643 AMY ROTH 35.00 X 129978 0 29623 2851727 0 570846 29 0 1 0 RENZO PIANO BUILDING WORKSHOP 34 RUE DES ARCHIVES PARIS FR 19170 ARCHITECTURAL SERVICES 6847508 COOPER ROBERTSON & PARTNERS 311 WEST 43RD STREET NEW YORK NY 10036 ARCHITECTURAL SERVICES 3859771 GARDINER & THEOBALD INC 317 MADISON AVENUE 19TH FLOOR NEW YORK NY 10017 NEW BUILDING PROJECT MANAGEMENT 873430 FRIED FRANK HARRIS SHRIVER & JACOBSON 1 NEW YORK PLAZA NEW YORK NY 10004 LEGAL SERVICES 828582 TURNER CONSTRUCTION COMPANY 375 HUDSON STREET 6TH FLOOR NEW YORK NY 10014 PRE-CONSTRUCTION SERVICES 675000 12 2627000 3849000 1624000 53961000 8764000 62061000 ADMISSION INCOME 900099 2865000 2865000 TRAVELING EXHIBITION F 900099 447000 447000 LOAN FEES 900099 123000 123000 EDUCATION FEES 611600 1000 1000 3436000 2003000 2003000 151000 151000 196000 18000 178000 178000 178000 67685000 93622000 67292000 14285000 393000 79337000 79730000 79730000 953000 3849000 953000 0 1035000 1007000 28000 -21000 49000 MISCELLANEOUS INCOME 900099 16000 16000 RESTAURANT FEE INCOME 900099 -23000 -23000 -7000 147580000 3415000 26000 82078000 2205000 816000 727000 662000 10697000 7379000 1951000 1367000 864000 595000 157000 112000 1786000 1141000 407000 238000 819000 558000 134000 127000 147000 147000 213000 213000 113000 113000 179000 179000 429000 429000 774000 640000 22000 112000 711000 623000 8000 80000 332000 145000 35000 152000 895000 632000 95000 168000 3389000 3029000 130000 230000 328000 154000 91000 83000 911000 852000 55000 4000 723000 454000 97000 172000 PRE-CONSTRUCTION COSTS 5209000 5209000 EXHIBITION EXPENSE 3863000 3863000 ART ACQUISTIONS 3562000 3562000 OTHER EXPENSES 1728000 853000 339000 536000 39877000 30505000 5037000 4335000 3857000 8567000 9486000 16210000 64165000 73059000 288000 641000 422000 503000 26231000 44381000 48275000 15199000 20278000 33076000 49150000 95910000 137765000 175898000 311642000 448245000 5718000 9899000 1336000 2138000 4880000 3990000 11934000 16027000 X 16954000 105283000 115324000 156511000 167430000 170424000 299708000 432218000 311642000 448245000 X 107703000 24807000 X 0 1 1 X 0 X 73917000 196700000 23602000 29448000 62061000 385728000 73917000 196700000 23602000 29448000 62061000 385728000 137919893 247808107 1697000 2449000 1027000 957000 2145000 8275000 165000 266000 471000 167000 47000 1116000 395119000 22866000 0.62720 0.58270 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 113000 0 0 113000 0 X X X X 0 185574000 2853000 24843000 5944000 207326000 177817000 341000 11412000 3996000 185574000 200196000 119000 -17044000 5454000 177817000 0.06500 0.82200 0.11300 0 0 26654000 26654000 16265000 10230000 6035000 1934000 1928000 6000 3422000 3041000 381000 33076000 MONEY MARKET FUNDS 10829000 F EQUITY INVESTMENT FUNDS 46849000 F PARTNERSHIPS AND INVESTMENT FUNDS - MULTI-STRATEGY & OTHER 45451000 F PARTNERSHIPS AND INVESTMENT FUNDS - EQUITY LONG/SHORT 61394000 F PARTNERSHIPS AND INVESTMENT FUNDS - REAL ASSETS 11375000 F 175898000 ACCRUED PENSION OBLIGATION 3990000 3990000 147580000 39877000 107703000 23848000 959000 24807000 132510000 171958000 23848000 959000 24807000 147151000 429000 429000 147580000 39448000 0 39448000 429000 429000 39877000 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 80 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 959,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: PENSION RELATED CHARGES OTHER THAN NET PERIODIC PENSION COSTS 959,000. X X X X X X X 1 DCM 45 MAIN STREET 815 BROOKLYN NY 11201 TELEFUNDRAISING 0 18000 10000 8000 SUSAN COURTEMANCHE 40 POWDER HORN HILL ROAD WILTON CT 06897 CAPITAL CAMPAIGN CONSULTING 0 0 169000 0 18000 179000 8000 AZ CA CO CT GA HI IL MD MA MI NJ NC OH PA RI TN VA WA NY WHITNEY MUSEUM GALA & AFTER PARTY 2535000 2024000 511000 511000 AMERICAN ART AWARD 2118000 1725000 393000 393000 1 149000 100000 49000 49000 4802000 3849000 953000 953000 953000 0 X X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 ADAM D WEINBERG 504963 0 0 0 172872 0 51885 0 25265 0 754985 0 0 0 JOHN STANLEY 310796 0 0 0 690 0 63214 0 9847 0 384547 0 0 0 DONNA DESALVO 273242 0 0 0 1161 0 59516 0 9272 0 343191 0 0 0 ALEXANDRA WHEELER 258502 0 0 0 587 0 23127 0 25168 0 307384 0 0 0 JEFFREY LEVINE 181690 0 0 0 160 0 25175 0 1898 0 208923 0 0 0 STEPHANIE ADAMS 162376 0 0 0 141 0 7837 0 26081 0 196435 0 0 0 CAROL MANCUSI-UNGARO 237727 0 0 0 1503 0 54634 0 9739 0 303603 0 0 0 CHRISTY L PUTNAM 143452 0 0 0 490 0 51895 0 9018 0 204855 0 0 0 JOHN COLLINS 160541 0 0 0 211 0 11112 0 27531 0 199395 0 0 0 AMY ROTH 129899 0 0 0 79 0 19356 0 10267 0 159601 0 0 0 PART I, LINE 1A ADAM WEINBERG HAS A HOUSING ALLOWANCE. MR. WEINBERG ALSO HAS A DISCRETIONARY DIRECTORS FUND, FOR BUSINESS PROJECTS THAT ARE NOT INCLUDED IN THE ANNUAL BUDGET BUT NEED FUNDING. NONE OF THE DISCRETIONARY FUND IS FOR PERSONAL EXPENDITURES AND, ACCORDINGLY, THE DISCRETIONARY FUND IS NOT RELATED TO HIS COMPENSATION. X 127 0 FAIR MARKET VALUE X 32 8518000 FAIR MARKET VALUE X CONSTRUCTION 1 246000 FAIR MARKET VALUE 21 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 MELVIA 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 CONTROLLER, GENERAL COUNSEL, CHIEF OPERATING OFFICER, DIRECTOR OF FINANCE AND ASSISTANT TREASURER ALL REVIEW THE FORM 990 FOR ACCURACY AND CONTENT. 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. ITS MEMBERS INCLUDE THE CHAIRMAN, PRESIDENT, CHAIR OF THE FINANCE COMMITTEE ALONG WITH THREE OTHER TRUSTEES. THE COMMITTEE ANNUALLY MEETS TO REVIEW THE PERFORMANCE AND COMPENSATION FOR THE DIRECTOR AND THREE OTHER SENIOR MEMBERS OF STAFF- DEPUTY DIRECTOR, CHIEF CURATOR AND DIRECTOR OF DEVELOPMENT. AS PART OF THE PROCESS THE COMMITTEE REVIEWS COMPARATIVE DATA FROM THREE TO FOUR INDEPENDENT SOURCES. THESE SOURCES PROVIDE DATA FOR SIMILAR POSITIONS IN NEW YORK CITY AS WELL AS NATIONALLY. IT ALSO TAKES INTO ACCOUNT THE PERFORMANCE OF THESE INDIVIDUALS. 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 GAINS ON INVESTMENTS: 23,848,000. PENSION RELATED CHARGES OTHER THAN NET PERIODIC PENSION COSTS 959,000. TOTAL TO FORM 990, PART XI, LINE 5: 24,807,000. FORM 990 - GENERAL AMOUNTS REFLECTED IN THE 2010 FORM 990 FOR THE YEAR ENDED JUNE 30, 2011 HAVE BEEN ROUNDED TO THE NEAREST THOUSAND TO CONFORM WITH THE PRESENTATION IN THE MUSEUM'S AUDITED FINANCIAL STATEMENTS.