2011-11-02T13:05:24-05:00 2010-12-31 BBD LLP 1835 MARKET STREET 26TH FLOOR PHILADELPHIA PA 19103 990 2010-01-01 232471583 JAMES A MICHENER ART MUSEUM JAME 2153409800 138 SOUTH PINE STREET DOYLESTOWN PA 18901 BRUCE KATSIFF 2153409800 2011-11-02 1 MARIANNE MAK 2155677770 2010 2016-03-07 17:11:31Z BRUCE KATSIFF 138 SOUTH PINE STREET DOYLESTOWN PA 18901 5887114 0 X WWW.MICHENERARTMUSEUM.ORG X 1987 PA SEE FORM 990, PAGE 2, PART III, STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS FOR DETAILS. 26 26 48 195 0 0 2035598 2977576 423053 394542 53524 509209 30697 10963 2542872 3892290 0 0 0 0 1542047 1378131 0 0 322202 2350754 1777937 3892801 3156068 -1349929 736222 32595811 33427721 2386116 1139650 30209695 32288071 X COLLECTS, PRESERVES, INTERPRETS AND EXHIBITS AMERICAN ART, WITH A FOCUS ON REGIONAL ART. THE MUSEUM PRESENTS CHANGING EXHIBITIONS THAT EXPLORE A VARIETY OF ARTISTIC EXPRESSIONS, AND OFFERS A DIVERSE PROGRAM OF EDUCATIONAL ACTIVITIES THAT SEEK TO DEVELOP A LIFELONG INVOLVEMENT IN THE ARTS AS WELL AS NURTURE A WIDE RANGE OF AUDIENCES. 0 0 2521074 430484 THE MUSEUM SERVES OVER 120,000 VISITORS ANNUALLY, INCLUDING OVER 10,000 SCHOOL CHILDREN. SCHOOL CLASS TRIPS ARE GRANTED FREE ADMISSION THROUGH A CORPORATE SPONSORED PROGRAM. OVER 12,000 INDIVIDUALS ARE MEMBERS OF THE MUSEUM WHICH OFFERS A PLETHORA OF LECTURES, CLASSES, WORKSHOPS, MUSICAL PERFORMANCES, AND OTHER ACTIVITIES RELATED TO ITS DIVERSE CHANGING EXHIBITIONS PROGRAMS. THE MUSEUM'S PERMANENT COLLECTION IS SUPPLEMENTED WITH OVER TEN CHANGING EXHIBITIONS EACH YEAR. WORKING WITH THE UNIVERSITY OF PA PRESS, THE MUSEUM HAS PUBLISHED OVER A DOZEN CATALOGUES DOCUMENTING ITS RESEARCH AND EXHIBITION ACTIVITIES DURING THE LAST TEN YEARS. THE MUSEUM'S COLLECTION INCLUDES OVER 2,500 OBJECTS DOCUMENTING THE REGION'S ARTISTIC HERITAGE FROM THE 19TH AND 20TH CENTURIES. THE COLLECTION INCLUDES PAINTINGS, DRAWINGS, SCULPTURES, WORKS ON PAPER, DECORATIVE ARTS AND ARCHIVAL MATERIALS ABOUT ARTISTS FROM THE BUCKS COUNTY REGION. 2521074 1 1 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 56 0 48 1 0 0 0 0 0 0 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 PA X DIRECTOR OF ACCOUNTING 2153409800 138 SOUTH PINE STREET DOYLESTOWN PA 18901 WILLIAM AICHELE 3.00 X X 0 0 0 KEVIN PUTMAN 3.00 X X 0 0 0 LOUIS DELLA PENNA 3.00 X X 0 0 0 FEDERICK E SCHEA 3.00 X X 0 0 0 ELIZABETH BEANS GILBERT 3.00 X X 0 0 0 HERMAN SILVERMAN 3.00 X 0 0 0 F DAVID AKER PHD 1.00 X 0 0 0 DANA APPLESTEIN 1.00 X 0 0 0 WILLIAM BRENNER 1.00 X 0 0 0 ROBERT L BYERS 1.00 X 0 0 0 ELIOT CHACK 1.00 X 0 0 0 EDWARD FERNBERGER 1.00 X 0 0 0 FRANK N GALLAGHER ESQ 1.00 X 0 0 0 JANE JOZOFF 1.00 X 0 0 0 M CAROLE KNIGHT 1.00 X 0 0 0 BRUCE NORMAN LONG 1.00 X 0 0 0 WILLIAM MANDEL 1.00 X 0 0 0 SYDNEY F MARTIN 1.00 X 0 0 0 BONNIE O'BOYLE 1.00 X 0 0 0 G NELSON PFUNDT 1.00 X 0 0 0 ALBERT PRITCHARD 1.00 X 0 0 0 TOM SCANNAPIECO 1.00 X 0 0 0 VIRGINIA SIGETY 1.00 X 0 0 0 LESLIE SKILTON 1.00 X 0 0 0 JOHN H SLAYMAKER 1.00 X 0 0 0 ROBERT WELCH 1.00 X 0 0 0 BRUCE KATSIFF 40.00 X 142289 0 17842 142289 0 17842 1 0 1 0 KIERAN TIMBERLAKE 420 NORTH 20TH STREET PHILADELPHIA PA 19130 ARCHITECT SERVICES 296750 1 251436 139988 2586152 2977576 ADMISSION FEES 713990 178478 158478 20000 PROGRAM FEES 900099 167162 149617 17545 RENTAL INCOME 900099 48902 48902 394542 453443 453443 93000 124216 -31216 -31216 -31216 1798646 1742880 55766 55766 55766 163670 127728 35942 35942 MISCELLANEOUS 900099 6237 6237 6237 3892290 392939 0 521775 163358 125767 19863 17728 965341 734601 121926 108814 49186 37500 6175 5511 109585 83527 13769 12289 90661 69140 11372 10149 364540 290551 41684 32305 52242 52242 193015 131002 20000 42013 14113 13948 165 272116 210554 32530 29032 9557 4909 3968 680 13072 12141 492 439 16838 16838 521008 424982 36122 59904 36702 35960 392 350 TEMPORARY EXHIBITION EX 176104 176104 ART ITEMS PURCHASED 61922 61922 PROFESSIONAL FEES 24495 18928 3234 2333 MISCELLANEOUS 8626 7573 1053 LOSS ON ABANDONMENT OF 1747 1345 212 190 11840 11540 300 3156068 2521074 312792 322202 936 895 1117012 1493219 5781092 5477224 96714 88684 51976 52760 15680974 4989540 10917683 10691434 13524641 14449532 1105757 1173973 32595811 33427721 247709 211224 27500 27050 503647 467150 1607260 434226 2386116 1139650 X 12704051 13219481 10760139 11882223 6745505 7186367 30209695 32288071 32595811 33427721 X 736222 1342154 X 0 1 1 X 0 X 3100584 6352396 3510154 2035598 2977576 17976308 167000 164000 204000 203000 202100 940100 3267584 6516396 3714154 2238598 3179676 18916408 3146667 15769741 661798 756569 627687 531472 546443 3123969 38139 7144 47956 17528 6237 117004 22157381 3031797 0.71170 0.62970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 14266120 384362 1703232 883200 15470514 12747775 2619869 1101524 14266120 17559799 120497 -4132121 800400 12747775 0.60090 0.39910 0 0 602918 602918 775002 308550 466452 12549843 3419126 9130717 783049 585439 197610 970162 676425 293737 10691434 CHARITABLE GIFT ANNUITY OBLIGATIONS 84226 LINE OF CREDIT 350000 434226 3892290 3156068 736222 1244670 97484 1342154 2078376 5638719 1244670 202100 363328 1810098 3828621 63669 63669 3892290 3560343 216000 251944 467944 3092399 63669 63669 3156068 PART III, LINE 1A: METHOD TO RECORD THE WORKS OF ART WORKS OF ART ACQUIRED EITHER THROUGH PURCHASE OR DONATION ARE NOT CAPITALIZED. ACCORDINGLY, THE COST OF COLLECTION ITEMS PURCHASED IS REPORTED AS A DECREASE IN NET ASSETS AND PROCEEDS FROM THE SALE OF COLLECTION ITEMS ARE REPORTED AS AN INCREASE IN NET ASSETS. PART III, LINE 4: HOW TO FURTHER THE MUSEUM'S EXEMPT PURPOSE THE MUSEUM COLLECTS BOTH HISTORIC AND CONTEMPORARY WORKS BY ARTISTS FROM THE BUCKS COUNTY REGION. THE COLLECTION SERVES AS THE CORE RESOURCE FOR THE MYRIAD EXHIBITIONS THAT EDUCATE THE COMMUNITY ABOUT THE REGION'S ARTISTIC HERITAGE. AS THE PRINCIPAL RESOURCE FOR INFORMATION ABOUT AND RESEARCH ON BUCKS COUNTY ARTISTS, THE MUSEUM ACTIVELY COLLECTS ARCHIVAL MATERIALS AND MAINTAINS RESEARCH FILES ON MORE THAN 1,500 REGIONAL ARTISTS OF ALL CREATIVE DISCIPLINES. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: INTENDED USE OF THE MUSEUM'S ENDOWMENT FUNDS THE ENDOWMENTS PROVIDE FINANCIAL SUPPORT FOR COLLECTION CARE, ACQUISITION, AND OTHER PURPOSES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: UNCERTAIN TAX POSITIONS UNDER FIN 48 THE MUSEUM BELIEVES THAT IT HAD NO UNCERTAIN TAX POSITIONS UNDER FIN 48 AND, AS A RESULT, THE ADOPTION OF THE NEW STANDARD HAD NO IMPACT ON THEIR FINANCIAL STATEMENTS. PART XI, LINE 8 - OTHER ADJUSTMENTS: IN-KIND CONTRIBUTION (NON-CURRENT PORTION) -13,900. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 62,124. PROCEEDS FROM THE SALES OF ARTS COLLECTIONS 49,260. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 124,216. RENTAL EXPENSES 127,728. CHANGE IN BENEFICIAL INTEREST IN SPLIT INTEREST AGREEMENTS 62,124. PROCEEDS FROM THE SALES OF ARTS COLLECTIONS 49,260. PART XII, LINE 4B - OTHER ADJUSTMENTS: ART COLLECTION ITEMS PURCHASED 61,922. LOSS ON ABANDONMENT OF ASSETS 1,747. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 127,728. RENTAL EXPENSES 124,216. PART XIII, LINE 4B - OTHER ADJUSTMENTS: ART COLLECTION ITEMS PURCHASED 61,922. LOSS ON ABANDONMENT OF ASSETS 1,747. X X X X 0 0 0 0 0 0 0 0 0 BRUCE KATSIFF 142289 0 0 0 0 0 10186 0 7656 0 160131 0 0 0 X 3 0 SEE PART II FOR DETAILS 3 0 1 0 NON REPORTING OF REVENUE: PART I, LINE 33: WORKS OF ART ACQUIRED EITHER THROUGH PURCHASE OR DONATION ARE NOT CAPITALIZED. THE COST OF COLLECTION ITEMS PURCHASED IS REPORTED AS A DECREASE IN NET ASSETS AND PROCEEDS FROM THE SALE OF COLLECTION ITEMS ARE REPORTED AS AN INCREASE IN NET ASSETS. FORM 990, PART VI, SECTION B, LINE 11 GOVERNING BODY REVIEW OF FORM 990 PRIOR TO THE FILING WITH IRS, DRAFT FORM 990 IS REVIEWED AND APPROVED BY THE FINANCE/AUDIT COMMITTEE. ONCE THE DRAFT FORM 990 IS APPROVED BY THE FINANCE/AUDIT COMMITTEE, IT IS MADE AVAILABLE TO THE BOARD OF DIRECTORS AND APPROVED BY THE BOARD FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT AND MONITORING OF THE CONFLICTS OF INTEREST POLICY THE CONFLICT OF INTEREST POLICY IS GIVEN TO ALL BOARD MEMBERS AND KEY EMPLOYEES ON AN ANNUAL BASIS. THE POLICY IS REVIEWED AND SIGNED. IF A CONFLICT OF INTEREST IS RAISED, THE MATTER IS BROUGHT TO THE ATTENTION OF THE FULL BOARD WHERE IT IS DISCUSSED AND DECIDED WHETHER A CONFLICT EXISTS. IF A CONFLICT OF INTEREST EXISTS, THE BOARD MEMBER OR KEY EMPLOYEE WILL EXCUSE THEMSELVES IN ACCORDANCE WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15A PROCESS FOR DETERMINING COMPENSATION THE DIRECTOR/CEO'S CONTRACT IS APPROVED BY THE BOARD OF DIRECTORS. COMPENSATION IS COMPARED TO SIMILAR ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC AVAILABILITY OF OTHER DOCUMENTS THE MUSEUM'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE FINANCIAL STATEMENTS ARE AVAILABLE THROUGH CHARITY NAVIGATOR AND GUIDESTAR AND UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,244,670. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 62,124. IN-KIND CONTRIBUTION (NON-CURRENT PORTION) -13,900. PROCEEDS FROM THE SALES OF ARTS COLLECTIONS 49,260. TOTAL TO FORM 990, PART XI, LINE 5: 1,342,154.