2012-09-17T13:56:15-05:00 2011-12-31 DANAHER ATTIG & PLANTE PLC 150 KENNEDY DR PO BOX 2166 SOUTH BURLINGTON VT 054072166 990 2011-01-01 030179436 Shelburne Museum % SANDY FISH SHEL 8029853348 US Route 7 PO Box 10 Shelburne VT 05482 Lois Nial 8029853348 2012-08-15 true 8023830399 2011 2016-02-24 21:20:13Z LOIS M NIAL US ROUTE 7 PO BOX 10 SHELBURNE VT 05482 10042102 false X www.shelburnemuseum.org X 1947 VT TO OPERATE AND PRESERVE A MUSEUM THAT HOUSES AN EXTENSIVE COLLECTION OF FOLK, FINE AND DECORATIVE ARTS. TO INCREASE ACCESS TO OUR COLLECTION AND FURTHER EDUCATE THE PUBLIC. 21 18 233 120 62723 12337 8702873 3652014 1151227 1119414 160177 601430 294237 309566 10308514 5682424 0 0 0 0 3632963 3701706 0 0 451938 1905082 2003008 5538045 5704714 4770469 -22290 57311024 56384973 1960484 2073228 55350540 54311745 DESCRIPTION OF ORGANIZATION MISSION: THE PURPOSE OF THE SHELBURNE MUSEUM IS TO ENRICH PEOPLE'S LIVES THROUGH ART, HISTORY AND CULTURE. THE MISSION IS TO BROADEN OUR AUDIENCE, ENGAGE THEIR CURIOSITY AND GIVE THEM AN EXTRAORDINARY MUSEUM EXPERIENCE. THIS MISSION IS ACCOMPLISHED USING THE FOLLOWING GUIDING PRINCIPLES: FULFILLING THE LEGACY OF ELECTRA HAVEMEYER WEBB; COLLECTING ART AND ARTIFACTS OF THE HIGHEST ARTISTIC AND HISTORICAL MERIT; PRESERVING, INTERPRETING, AND MAKING BROADLY ACCESSIBLE THE MUSEUM'S COLLECTIONS; CELEBRATING AMERICAN INGENUITY, CREATIVITY AND CRAFTSMANSHIP; IMPARTING A DEEPER UNDERSTANDING OF NEW ENGLAND'S HERITAGE; PROVIDING AN EDUCATION AND ENJOYABLE EXPERIENCE FOR OUR AUDIENCES; ASSUMING A SPECIAL RESPONSIBILITY FOR SERVING VERMONTERS; VALUING THE CONTRIBUTION OF THE MUSEUM'S STAFF AND VOLUNTEERS; ACHIEVING THE HIGHEST STANDARDS OF PROFESSIONALISM. false false 3979839 1281216 Operation of museum: The museum had 104,146 visitors during 2011, a decrease of 2% over the previous year. Our exhibition schedule included - In Fashion: High Style, 1690 - 2011; Lock, Stock & Barrel: Terry Tyler Collection of Vermont Firearms; Paperwork in 3D; A Passion for Quilts: Joan Lintault Collects; Behind the Lens, Under the Big Top: Circus Photography of Elliot Fenander. WE HOSTED MANY SCHOOL GROUPS AND HELD VARIOUS SPECIAL EVENTS WHICH INCLUDED THURSDAY NIGHT SUNSET SERIES, GALLERY OPENINGS, LILAC SUNDAY, PEONY Garden PARTY, GALLERY LECTURES AND SHELBURNE MUSEUM GOES TO THE DOGS. 3979839 true true false false false false false true false true true false false true false false true false false false false false false false true false false false false true false false false false false false false true true true false false false false false false false false true 117 0 233 true true true false false false false false false false false false true false X 21 18 false false false false false false false true true false false true true true true true true true false false VT X SANDY FISH 8029853348 US ROUTE 7 PO BOX 10 SHELBURNE VT 05482 X Caroline A Gerry 5.0 X 0 0 0 CHARLES L GRANQUIST 5.0 X CHARLES MALLORY 5.0 X CREA LINTILHAC 5.0 X DONALD B MURPHY 5.0 X E MILES PRENTICE III 5.0 X JOHN DWIGHT 5.0 X KATHRYN W HEMINWAY 5.0 X KELLY M KLAUS 5.0 X LAURA BUTZEL 5.0 X PETER MARTIN 5.0 X ROBERT AUSTIN SKIFF 40.0 X 67692 0 LEIGH KILBORN 5.0 X DAVID STARR 5.0 X DENISE VALLEE 5.0 X DIANE PHILLIPS AVLON 5.0 X BRUCE LISMAN 5.0 X THOMAS A DENENBERG 40.0 X 29700 1432 JAMES PIZZAGALLI 5.0 X X FRANCES VON STADE DOWNING 5.0 X X MICHAEL A POLEMIS 5.0 X X ALICE COONEY FRELINGHUYSEN 5.0 X X PAUL PERRAULT 5.0 X X Diana Colgate 5.0 X Marna Davis 5.0 X STEPHAN JOST 40.0 X 26003 2498 123395 0 3930 0 true false false Ann Beha Architects Inc 33 Kingston Street BOSTON MA 02111 ARCHITECT 153304 Menard Sons Inc PO BOX 2383 33 CHARLES STREET SOUTH BURLINGTON VT 054072383 INSTALLATION 175333 2 179844 5730 321936 3144504 707599 3652014 GATE ADMISSIONS 900099 922749 922749 LENDING COLLECTIONS 900099 33043 33043 WORKSHOPS & LECTURES 532000 50485 50485 FACILITIES USAGE 900099 75700 12977 62723 CAFE COMMISSIONS 900099 27756 27756 9681 9681 1119414 716203 716203 0 56759 56759 2740882 1185729 2773874 1267510 -32992 -81781 -114773 -114773 42293 5730 42166 127 127 0 527618 276128 251490 251490 RESEARCH & PHOTOCOPY 900099 672 672 ENERGY EFFICIENCY 900099 400 400 CASH SHORT & OVER 532000 118 118 1190 5682424 1281215 62723 686472 0 0 0 0 124356 78344 8705 37307 0 2846679 2340298 305762 200619 125948 102531 13331 10086 291313 237150 30834 23329 313410 255139 33173 25098 0 23273 23273 18850 18850 0 0 8509 8509 26549 19722 300 6527 104620 104620 14691 14691 54439 5237 44363 4839 0 267931 79469 188462 33336 13933 12759 6644 0 24197 8618 7670 7909 59166 56524 2642 0 410838 342626 68212 0 142320 57411 82577 2332 MATERIALS & SUPPLIES 218446 144407 1615 72424 CONTRACTED SERVICES 179764 102210 64854 12700 RECRUITING & SECURITY 124038 124038 VEHICLE & EQUIPMENT MAINT. 90131 68091 4427 17613 201910 68129 109270 24511 5704714 3979839 1272937 451938 481508 1005001 326401 1195160 5647713 3969475 59301 29773 0 0 0 0 0 0 212517 222637 51942 29384 19768024 6712437 12443811 13055587 31168962 28976532 1020311 1792340 0 0 529 514 5898029 6108570 57311024 56384973 452456 761841 0 0 170282 146918 0 0 0 0 0 0 1217746 1164469 0 0 120000 0 1960484 2073228 X 45535366 44226216 9008784 9279139 806390 806390 55350540 54311745 57311024 56384973 X -22290 -1016505 X false true true X false X 2577348 2044513 1744280 6862479 3425841 16654461 2577348 2044513 1744280 6862479 3425841 16654461 1584156 15070305 1207875 2332184 869222 553981 772962 5736224 23862 9655 33530 9914 10495 87456 3022 2272 1891 36514 1072 44771 22522912 8746970 0.66911 0.62674 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 43384 6108570 X X X X false 31162962 100 -70387 2118143 28974532 31163874 520048 1897117 2418077 31162962 26192570 163423 7068911 2261030 31163874 38226669 78158 -9996608 2115649 26192570 0.90690 0.02780 0.06530 false false 916650 916650 16182129 5038665 11143464 571550 470444 101106 1450457 1132945 317512 647238 70383 576855 13055587 SINCE 1/1/1995 6108570 6108570 5682424 5704714 -22290 -744614 -271893 -1016507 -1038797 5071624 19550 352850 372400 4699224 744614 238586 983200 5682424 6110421 19550 386157 405707 5704714 5704714 FORM 990, SCHEDULE D Schedule D, Part III, line 4 Description of organization's collections: Shelburne museum was founded in 1947 by pioneering collector Electra Havemeyer Webb whose lifetime passion for early American material culture forms the museum's core collections. Mrs. Webb was the daughter of sugar magnate H.O. Havemeyer and his wife Louisine, who amassed one of the finest collections of impressionist and old master paintings. Mrs. Webb inherited their love of collecting; she began at 19 and is recognized as a seminal collector of folk art and Americana and as the only woman to create and endow a major art and history museum. She was a leading figure among a group of collectors that included Henry Francis Du Pont (founder of Winterthur), Henry and Helen Flint (historic Deerfield) and Abby Aldrich Rockefeller (Colonial Williamsburg) that was highly influential in reintroducing early American aesthetics and themes to the mainstream in the 20th century through their roles in the colonial revival and in creating the first museums to celebrate American material culture. Mrs. Webb collected cultural artifacts that best exemplified the ingenuity and craftsmanship of 18th and 19th century America. The over 150,000 pieces held at Shelburne museum today include quilts, weathervanes, rugs, tools, toys, furniture, circus figures, dolls, decoys, agricultural implements, trade signs, ship figureheads, paintings, prints and household artifacts spanning four centuries. In creating Shelburne museum, Mrs. Webb also took the innovative step of collecting historic New England buildings and relocating them to the museum. Of the 39 exhibition structures at the museum 25 are historic; these included houses, barns, a lighthouse, a schoolhouse, a covered bridge, a general store, a railroad station, a jailhouse and the national historic landmark Steamboat Ticonderoga. FORM 990, SCHEDULE D FORM 990, SCHEDULE D, PART V, LINE 4 Intended Use of Museum's Endowment Funds: The Museum's Endowment includes both Board Designated funds and Donor Designated funds. These funds are invested in a pooled approach with income, gains and losses allocated to the individual pools within the endowment. The following separate purpose funds are maintained: Board Designated Collections Care endowment expendable only for the care and maintenance of the collections and the General Endowment to support Museum general operations. The Donor Designated funds are: The Brick House fund, for the care and maintenance of the Museum founders' home; two Ticonderoga endowments for the care and maintenance of our National Historic Landmark; and Grounds and Gardens endowment for the care and maintenance of our landscaping and gardens. FORM 990, SCHEDULE D SCHEDULE D, PART XI, LINE 8 Unrealized Loss on Pension.......... $(238,586) Cost of Donated Goods & Services.... (33,307) ----------- Total Part XI, Line 8 $(271,893) =========== FORM 990, SCHEDULE D SCHEDULE D, PART XII, LINE 2d Cost of goods sold..................... $ 276,128 Housing reimbursement.................. 6,100 Fundraising expenses................... 42,165 Insurance claim........................ 24,738 Transaction costs of stock gift........ 3,719 ---------- Total Part XII Line 2d................. $ 352,850 ========== FORM 990, SCHEDULE D SCHEDULE D, PART XiI, LINE 4b Unrealized Loss on Pension............. $ 238,586 ========== FORM 990, SCHEDULE D FORM 990, SCHEDULE D, PART XIII LINE 2d Insurance reimbursement................ $ 24,737 Cost of goods sold..................... 281,659 Transaction costs of stock gift........ 3,719 Contributed goods...................... 33,307 Housing reimbursement.................. 6,100 Fundraising expenses................... 36,635 --------- Total Part XIII Line 2d................ $ 386,157 X X X X X X X false FASHION SHOW 21051 0 21051 0 0 7179 10385 300 22 HOLIDAY AUCTION 12979 2205 10774 0 5531 504 3275 215 439 2 11193 3525 7668 0 0 3721 7393 300 1090 45223 5730 39493 0 5531 11404 21053 815 1551 40354 -861 NO LICENSE REQUIRED TO HOLD A RAFFLE US ROUTE 7 PO BOX 10 SHELBURNE VT 05482 X true true X X X X false false false false false false false true false STEPHAN JOST 26003 0 0 1300 1198 28501 0 FORM 990, SCHEDULE J SCHEDULE J, PART I, LINE 3 The Museum's long-term Director, Stephan Jost, resigned in February 2011. An interim Director, Robert Skiff, was then appointed until a new Director could be recruited. A recruiting firm was engaged to assist in selecting the new Director; the firm also advised the Museum's Board of Trustees in regards to salary levels. The new Director, Thomas Denenberg, started on November 1, 2011. The Board of Trustees set and approved the rate of compensation for both the interim Director and the new Director. John Dwight Trustee 572883 BANKING ACTIVITIES BRUCE LISMAN TRUSTEE 2699938 BANKING ACTIVITIES ROBERT A SKIFF SR TRUSTEE/INTERIM DIRECTOR 2699938 BANKING ACTIVITIES JAMES R PIZZAGALLI TRUSTEE 10500 CONSTRUCTION WORK PAUL PERRAULT TRUSTEE 10500 CONSTRUCTION WORK FORM 990, SCHEDULE L Schedule L, Part IV (A) Name of person: John Dwight (B) Relation between interested person and organization: Member of the Board of Directors for both entities (C) Amount of Transaction: $572,883 including: A. Loan Payments: $106,045 B. 401K Contributions (employer and employee): $328,711 C. Line of credit borrowing: $120,000 + 2,667 Interest D. 401K management fees: $14,460 E. Loan fees: $1,000 John Dwight services as a director of People's United Bank as well as being a trustee of the Museum. The transactions above were made under terms available to the public on a regular basis. Mr. Dwight was not involved in the selection process and excuses himself from any discussions and votes involving People's United Bank. The Museum sought and received multiple bids on all loans and 401K management selection. The provider was chosen based on services provided for the best economic terms. Peoples United Insurance Group is the broker for the purchases of the Museum's Workers Compensation, Liability, Umbrella, automobile and Directors coverage. Insurance premiums of $113,194 are paid directly to insurance companies. The brokerage would receive a commission on this purchase but the Museum does not know the amount of the payment. FORM 990, SCHEDULE L Schedule L, Part IV (A) Name of persons: Bruce Lisman and Robert F. Skiff, Sr. (B) Relation between interested person and organization: Member of the Board of Directors for both entities (C) Amounts of transaction: $2,699,938, including: A. Certificate of deposit: $,1,169,612 B. Money market funds: $1,530,326 The above named interested persons served as directors for Merchant's bank as well as trustees of the museum during the year. The museum opened these accounts for the purpose of isolating the Capital Campaign money. The transactions were under terms available to the public on a regular basis. FORM 990, SCHEDULE L Schedule L, Part IV (A) Name of persons: James R. Pizzagalli & Paul Perrault (B) Relation between interested person and organization: Member of the Board of Directors for both entities (C) Amounts of transaction: $10,500, including: A. Prepaid Constructions Costs - $10,500 The above named persons served as directors for PC Construction as well as Trustees of the Museum during the year. PC Construction was chosen to build a new building for the Museum. The company was selected by the Museum's Board of Trustees in a competitive bidding process. X 1813 155391 APPRAISALS X 3393 FMV-SEE SUPPLEMENTAL X 17707 COMPARABLE SALE X 1 10700 BLUE BOOK VALUE X 30 500589 FMV ON DATE OF GIFT X SILENT AUCTION GIFTS 7 15600 FMV FROM AUCTION X GARDEN SUPPLIES 3 10200 FAIR MARKET VALUE 1 false true true FORM 990, SCHEDULE M SCHEDULE M, PART I, LINE 4 The museum receives donations of books from individuals. These donations are small, usually consisting of one or two books at a time. The fair market value of these donated items is not readily determinable and the quantity of these kinds of donations is not material enough to warrant researching their fair market values. FORM 990, SCHEDULE M FORM 990, SCHEDULE M, PART I, LIN 32b The Museum contracts with local auctioneers to sell bequeathed or donated items that are not accessioned into collections or used in operations. The Museum maintains an account at Morgan Stanley for the transfer of publicly traded securities. The arrangement is that all securities so transferred are sold immediately following receipt. FORM 990, SCHEDULE O Form 990, Part VI, Section B, Line 11A The completed Form 990 is reviewed by the Chairman of the Board and the Treasurer in advance of filing. Copies are made available to all members of the Board through email prior to filing the return. FORM 990, SCHEDULE 0 Form 990, Part VI, Section B, Line 12c All trustees are required to read the conflict of interest policy and sign disclosure forms annually. Members regularly excuse themselves from votes when there is a conflict. FORM 990, SCHEDULE O Form 990, Part VI, Section B, Line 15a The Museum's Board of Trustees approves the director's compensation as well as approving the budget for payroll expenses each year. Data on industry salaries is collected and questionnaires on the director's performance are gathered from all trustees. Compensation is set based on review of all these materials and is reasonable in light of the director's duties and compared to other comparable museum's across the country. The compensation of the director and other members of the museum management team is determined through the museum budgeting process. The museum's personnel committee assigned wage increases approved by the Board of Directors. FORM 990, SCHEDULE O Form 990, Part VI, Section C, Line 19 The museum will mail either by US postal service or electronic mail to all who request copies. FORM 990, SCHEDULE O Form 990, Part XI, Line 2c The Museum has a Finance committee that holds the responsibility for oversight of the annual audit. The independent auditors report to the Finance Committee annually at the June Board of Trustees meeting. The auditors also meet with the Treasurer. FORM 990, SCHEDULE 0 Form 990, Part XI, Line 5 Form 990, Part XI, Line 5: Other changes in net assets or fund balance: Unrealized Loss on Investement............ $ (744,614) Donated Services.......................... 19,550 Unrealized Loss on Pension................ (238,586) Cost of donated goods and services........ (52,855) ------------ Total Form 990, Part Xi, Line 5........... $(1,016,505) ============ FORM 990 ADDITIONAL FORM 990 ATTACHMENTS TO FOLLOW