2012-08-09T10:52:53-05:00 2011-09-30 Templeton & Company LLP 222 Lakeview Avenue Suite 1200 West Palm Beach FL 33401 990 2010-10-01 590624432 Norton Gallery and School of Art Inc NORT 5618325196 1451 S Olive Avenue West Palm Beach FL 33401 Lucy Bukowski 5618325196 2012-08-09 1 Edward J Mahoney CPA 5617989988 2012-08-01 2010 2016-02-24 21:20:13Z Norton Museum of Art Hope Alswang 1451 S Olive Avenue West Palm Beach FL 33401 17121595 0 X www.norton.org X 1941 FL To preserve, develop, exhibit and interpret our outstanding permanent collections. 23 23 92 238 0 0 3109330 4687290 988397 1074367 1870637 2927850 177527 191777 6145891 8881284 0 0 0 0 4300546 4128841 62470 24000 563474 5246388 6714942 9609404 10867783 -3463513 -1986499 111304970 103439485 33180880 30416838 78124090 73022647 X The Norton Museum of Art strives to preserve, develop, exhibit and interpret its outstanding collections and to educate the public through special exhibitions, publications and programs. The Norton seeks to strengthen awareness of the arts in our region through encouraging participation, reaching out to improve the quality of life in all communities through appreciation of and inspiration through the visual arts. 0 0 3068824 512498 Exhibitions: During FY11, the Norton Museum of Art presented 13 special exhibitions in a wide range of media and areas including painting, photography, Egyptology, and jewelry. A first time experiment was Now What, which featured selections from the December 2010 Miami Art Basel exhibition, giving viewers a snapshot of what's currently happening in contemporary art. Nick Cave's "Meet Me at the Center of the Earth" featured Soundsuits, and offered a chance to collaborate with dance students at the nearby Palm Beach Atlantic University and present popular dance programs. The Norton celebrated its 70th birthday with a party, special programming, and free admission, drawing over 3,800 people on February 8th. Public response to these offerings, as well as the Norton's own collections, was overwhelmingly positive, with a record attendance for FY11 of 115,148. Media coverage was extensive and positive with staff members interviewed on radio and television, and numerous features, reviews, and commentaries in newspapers, magazines, and other publications as well as online via both traditional and social media. 2272810 Acquisitions and Conservation: In FY11, the Norton Museum acquired fifty-one artworks by purchase and gift, enhancing the collections of Chinese, Photography, American and Contemporary art. The Norton Museum is distinguished in the Southeast United States as one of the foremost centers to view historical, international and contemporary art since its founding in 1941. Growth of the collection and its public display through exhibition are the essence of its existence. Among last year's acquisitions are works by known and emerging artists, works which complement areas of strength and others which fulfill priorities due to weaknesses in the collection. Highlights include works by contemporary African-American artists: a figurative sculpture by Nick Cave, a narrative made in tapestry by Kara Walker and an abstract canvas by Al Loving; Chinese additions include a painting of the 13th century - Five Quai and a Hibiscus shaped cup of the 13th century; and acquisitions by an international roster of celebrated photographers such as John Coplans and Taryn Simon as well as emerging photographers such as Nigerian born J.D.'Okhai Ojeikere and Isaac Layman. Conservation was limited to maintenance of sculptures on a routine basis and the review to prioritize treatments. 3287975 561869 Education: In FY11, the Norton's education programs served approximately 45,000. Over 12,000 students participated in grade level-appropriate, discipline-based museum tours at no charge. Through its Progressive Afterschool Art Community Education Program, (PACE), Norton's teaching artists devoted 25,000 contact hours to 700 children in their own communities. Over 1000 local teachers came to teacher workshops about how to incorporate art into their classroom lessons, again at no charge. Lectures, gallery talks and tours offered life-long learning opportunities for over 9,000 adults, as well as opportunities to learn with the curatorial staff, outside scholars, and living artists. The Norton also continued to offer special programming days, such as the Chinese Moon Festival and Walk Like an Egyptian Family Day. Norton continued its Thursday evening program, Art After Dark, drawing between 250-600 visitors every Thursday night, and offering tours, live music, curators' talks, films, refreshments, and more. 8629609 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 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 65 0 92 1 0 0 0 0 0 1 1 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 FL X X Lucy Bukowski 5618325196 1451 S Olive Avenue West Palm Beach FL 33401 Kemp Stickney 4.00 X 0 0 0 Susan L Petersen 4.00 X 0 0 0 Christine Aylward 2.00 X 0 0 0 Ruth Baum 2.00 X 0 0 0 Mary Ann Casey 2.00 X 0 0 0 R Reed Daniel 2.00 X 0 0 0 Peter Georgescu 2.00 X 0 0 0 Dr Henry Kaufman 2.00 X 0 0 0 Janine Mayville 2.00 X 0 0 0 Joelen Merkel 2.00 X 0 0 0 Carlos Morrison 2.00 X 0 0 0 Gilbert C Maurer 2.00 X 0 0 0 Joey Pearson 2.00 X 0 0 0 Thomas C Quick 2.00 X 0 0 0 Mitchell Rubenstein 2.00 X 0 0 0 William H Sned Jr 2.00 X 0 0 0 Anne Smith 2.00 X 0 0 0 Sarah Ross Soter 2.00 X 0 0 0 Annie Falk 2.00 X 0 0 0 Ralph Saltzman 2.00 X 0 0 0 Hope Alswang 40.00 X X 219693 0 0 Linda Boothby 2.00 X 0 0 0 Frances Fisher 2.00 X 0 0 0 Katie A Vecellio 2.00 X 0 0 0 Lucy Bukowski 40.00 X 109672 0 0 Lawrence F Rosensweig 40.00 X 115502 0 0 Roger B Ward 40.00 X 174708 0 0 619575 0 0 4 0 1 0 FOSTERS PARTNERS 22 HESTER RD LONDON UK SW11 4AN ARCHITECTS 175000 1 1667219 478556 2541515 396883 4687290 Program Revenue 611610 561869 561869 Admissions 713990 512498 512498 1074367 950242 950242 65125 102515 -37390 -37390 -37390 9561198 2800 7586390 1974808 2800 1977608 1977608 85400 478556 284841 -199441 -199441 607238 266565 340673 340673 Facility Use Revenue 531390 85052 85052 Other Income 900099 2883 2883 87935 8881284 3392648 0 801346 339324 339324 3079001 2513218 360195 205588 442575 376338 45793 20444 267941 210434 42717 14790 20628 5004 15624 29462 29462 24000 24000 240495 240495 831720 602017 168880 60823 347924 347924 346902 288163 46435 12304 133257 107328 11257 14672 911072 737968 127550 45554 118431 57086 40285 21060 10118 9047 149 922 405197 328209 56728 20260 1173902 950861 164346 58695 397262 391762 5500 Acquisition of Art 1077844 1077844 Exhibits 551953 551953 Printing and Graphic De 118775 74453 1084 43238 10867783 8629609 1674700 563474 0 5425 1515069 1832550 7123876 5918955 52812 214887 106157 95822 233994 213625 43956359 14111783 30993414 29844576 52492751 48022512 16497105 14872087 2257817 2387071 31975 31975 111304970 103439485 187281 382043 493599 534795 32500000 29500000 33180880 30416838 X 38676457 34598862 6863489 7448434 32584144 30975351 78124090 73022647 111304970 103439485 X -1986499 -3114944 X 0 1 1 X 0 X 7567972 9831362 4946427 2528210 4154534 29028505 311880 227577 468960 465628 607238 2081283 7879852 10058939 5415387 2993838 4761772 31109788 0 0 0 31109788 2276308 1684849 -1135934 1593755 2925050 7344028 2276308 1684849 -1135934 1593755 2925050 7344028 -7460 -12452 -19912 176771 176921 105310 117709 87935 664646 10325471 11908257 4384763 4705302 7774757 39098550 0.79570 0.83790 0.18780 0.14250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 32882924 54200 -2776624 -1044606 31205106 31616784 97489 591265 -577386 32882924 33385674 236170 -2601390 -596330 31616784 1.00000 0 0 869214 3844545 4713759 522500 36206597 12047112 24681985 79154 79154 0 2183337 1751417 431920 251012 234100 16912 29844576 Beneficial Interest in Perpetual Trusts 14751276 F Beneficial Interest in Remainder Trusts 120811 F 14872087 8881284 10867783 -1986499 -3114944 -3114944 -5101443 6065975 -3114944 653923 -2461021 8526996 297700 56588 354288 8881284 11167418 653923 653923 10513495 297700 56588 354288 10867783 Part III, Line 1a: The Norton has elected to exclude the value of objects in the permanent collection from the state of financial position, as permitted by SFAS No. 116. An addition of art to the permanent collection is made either by gift or through purchase using art acquisition funds. The acceptance and disposal or removal of works of art in the collection is performed in accordance with a formal policy adopted by the Board of Trustees in 2003. Purchases for the collection are recorded as expenditures for the acquisition of art objects in the statement of activities for the year in which the objects are acquired. Part III, Line 4: Ralph and Elizabeth Norton established the Norton Museum of Art as the Norton Gallery and School of Art in 1941. It was founded on the basis of their private collection comprised of a handful of Old Master paintings and far more extensive holdings of French and American painting, sculpture, and works on paper, most made after 1870. Before his death in 1953, Norton expanded the collection to include Chinese art, such as ancient bronzes and jades, ceramics, furniture, and textiles. His bequest added many more works in each of these categories of the collection. In subsequent decades, acquisitions from all sources have enriched the original collecting areas of European, American, and Chinese art in terms of breadth and depth while conforming to the high qualitative standards established by the Nortons. Today, the collection numbers approximately 7,000 objects. Among the most sought-after works for loans to exhibitions both here and abroad are Monet's "Gardens of Villa Moreno," Gauguin's "Christ in the Garden of Olives," Pollock's "Night Mist," and our three O'Keeffe paintings. The Norton Museum of Art strives to preserve, develop, exhibit and interpret its outstanding collection and to educate the public through special exhibitions, publications and programs. As a recognized leader in the arts in the years since its founding, the Norton Museum of Art brings a significant cultural and educational presence to the State of Florida and reaches nationally and internationally through its programming and visitors, loans of works of art, and traveling exhibitions. A principal strength of the Norton lies in its Permanent Collection since the quality, depth and breadth of its holdings are used as the basis for exhibitions, educational programs and scholarship. For example, school and summer camp tours introduce approximately 10,000 K-12 students to works in the Museum's collection each year. Nine museum collection theme tours and five special exhibition tours are available for teachers to choose from, free of charge, on topics ranging from Medieval and Renaissance Treasures to The Art of Science and African American Art and Culture. The Norton Collection is also the focus of educational programs for adults. Concerts and performances relate to special exhibitions and cultural themes represented by works in the galleries. Tours, and Treasure of the Month talks allow visitors to engage with docents and staff in the galleries in informal discussions of subjects in art and works on view. A Closer Look provides public access to lectures for docent candidates concerning specific works in the Museum Collection and the historical contexts and circumstances of their origin. Description of Intended Use of Endowment Funds: Part V, Line 4: The Norton's endowment is established for the purposes expressed in the mission of The Norton. Description of Uncertain Tax Positions Under FIN 48: Part X: The Norton is exempt from federal and state income taxes under Internal Revenue Code Section 501(c)(3). Accordingly, no provision for income taxes has been recorded in the financial statements. The Norton is required to operate in conformity with the provisions of the Internal Revenue Code to maintain its exempt status. Income from activities not directly related to The Nortons tax-exempt purpose, primarily real estate rental activities, is subject to taxation as unrelated business income at statutory corporate tax rates. At September 30, 2011, The Norton has federal and state net operating loss carryforwards of approximately $29,000 expiring in various years through 2026. Under the provisions of FASB ASC 740, Uncertainty in Income Taxes, management analyzes tax positions in jurisdictions where it is required to file income tax returns. Interest and penalties attributable to income taxes, if any, are included in operating expenses. No such interest or penalties were recorded for the years ended September 30, 2011 and 2010. Part XII, Line 2d - Other Adjustments: Reclassification of Cost of Goods Sold 266,565. Reclassification of Special Events Direct Expenses 284,843. Reclassification of Rental Expenses 102,515. Part XII, Line 4b - Other Adjustments: Reclassification of Grant Fees 56,588. Part XIII, Line 2d - Other Adjustments: Reclassification of Cost of Goods Sold 266,565. Reclassification of Special Events Direct Expenses 284,843. Reclassification of Rental Expenses 102,515. Part XIII, Line 4b - Other Adjustments: Reclassification of Grant Fees 56,588. Part V, Line 1c and 1e - Endowment Funds: In prior years, line 1c - Net investment earnings, gains, and losses included amounts allocated to program services. To create a more accurate representation of the financials, the amounts allocated for program services have been moved from line 1c to line 1e - Other expenditures for facilities and programs. X X X X X X X 1 Crebbs Group 2719 Hillcrest Road Richmond VA 23225 Fundraising 0 0 24000 0 24000 FL Art in Bloom 127250 115500 11750 9143 15600 37527 Bal des Arts 408412 352012 56400 37615 58557 94589 4 28294 11044 17250 2168 4000 25642 563956 478556 85400 48926 78157 157758 284841 -199441 X X 0 1 0 0 0 0 0 0 0 Hope Alswang 219693 0 0 0 0 0 0 0 0 0 219693 0 0 0 Roger B Ward 174708 0 0 0 0 0 0 0 0 0 174708 0 0 0 X 1 396883 Market Value 0 1 1 Third Party Use: Part I, Line 32b: The Norton sells paintings through auction at Christie's. Non Reporting of Revenue: Part I, Line 33: The Norton has elected not to assign a financial value to gifts of art to be held in the collections for purposes related to its mission, or for which the proceeds from any sale will be used to acquire other items for collections, as allowed by SFAS 116. Form 990, Part VI, Section B, line 11 The Norton's Governance Committee reviews a preliminary draft of the sections related to governance, compensation, program achievements, and other operating issues. The Treasurer is involved throughout the process, and conducts a thorough review of the final draft before it goes to the full Board of Trustees. The final draft is then provided to the entire Board of Trustees no less than two weeks prior to the due date for their review and concurrence. Form 990, Part VI, Section B, line 12c Annually the board is provided with a conflict of interest questionnaire which is used by the Organization to determine if there are any conflicts between the Board and the Organization. Form 990, Part VI, Section B, line 15a Initially, the Chairman of the Board reviews comparable salary data of similar positions in other organizations. The Chairman then reviews the self-evaluation form prepared by the Director and Chief Executive Officer which includes major accomplishments during the year. He meets with the CEO to discuss her performance during the past year as well as goals for the coming year. The Executive Committee then meets to evaluate the information gathered by the Chairman and to decide on compensation for the next year. A written agreement is prepared and signed by both the Chairman of the Board and the CEO. Form 990, Part VI, Section C, line 19 The Organization retains all required public inspection documents at its corporate office. Should the public request to review any of the documents, the Organization has them readily available for inspection. Financial statements are also posted on the Organization's website for review. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized losses on investments: -3,114,944.