2026-03-13T00:26:11-05:00 2025-06-30 333709623 COHNREZNICK ADVISORY LLC 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2024-07-01 060653111 WADSWORTH ATHENEUM MUSEUM OF ART WADS 8602782670 600 MAIN STREET HARTFORD CT 06103 JACK MORTON DIRECTOR OF FINANCE 8602782670 2026-03-09 1 1 LORI ROTHE YOKOBOSKY P01273422 9592007000 2026-03-09 2024 2025-03-06 01:10:19Z JACK MORTON 600 MAIN STREET HARTFORD CT 06103 104910879 0 X WWW.THEWADSWORTH.ORG X 1842 CT HOLDING ITS COLLECTION IN TRUST FOR ALL PEOPLE, THE WADSWORTH ATHENEUM IS DEDICATED TO ADVANCING KNOWLEDGE AND INSPIRING EVERYONE TO EXPERIENCE AND APPRECIATE EXCELLENCE IN ART AND CULTURE. 37 35 133 162 8721 0 5975307 5258779 839758 815739 5737318 4573989 -142564 -93743 12409819 10554764 0 0 0 0 5766261 6211702 0 0 1441432 16512189 13069060 22278450 19280762 -9868631 -8725998 135040715 134751591 3181685 1875614 131859030 132875977 X HOLDING ITS COLLECTION IN TRUST FOR ALL PEOPLE, THE WADSWORTH ATHENEUM IS DEDICATED TO ADVANCING KNOWLEDGE AND INSPIRING EVERYONE TO EXPERIENCE AND APPRECIATE EXCELLENCE IN ART AND CULTURE. 0 0 11678365 1002779 CURATING AND CURATORIAL RESEARCH FY2025THE MUSEUM'S CURATORS RESEARCH, CARE FOR, AND EXHIBIT COLLECTIONS INCLUDING PAINTINGS, SCULPTURES, DECORATIVE ARTS (FURNITURE, GLASS, CERAMICS, AND METALWORK), WORKS ON PAPER, COSTUME AND TEXTILES, AND MOVING IMAGE ART, RANGING IN DATE FROM ANTIQUITY TO CONTEMPORARY AND INCLUDING WORKS FROM MOST CONTINENTS. THE WADSWORTH ALSO LENDS COLLECTION OBJECTS TO EXHIBITIONS AROUND THE WORLD. IN FY25 WE RELEASED 28 OBJECTS AS PART OF OUR OUTGOING LOANS PROGRAM.WE LEND TO A HOST OF INSTITUTIONS WITHIN THE UNITED STATES AND A FEW IN EUROPE, A FEW ARE NOTED BELOW:PHILLIPS COLLECTION MUSEUM OF FINE ARTS BOSTON KATONAH MUSEUM OF ARTBUCERIUS KUNST FORUMCOLUMBIA MUSEUM OF ARTFLORENCE GRISWOLD MUSEUMFARNSWORTH ART MUSEUM PALAZZO BARBERINIMUSEE JACQUEMART-ANDRETHROUGH PURCHASES, GIFTS, AND BEQUESTS THE WADSWORTH ACQUIRED WORKS OF ART INCLUDING BUT NOT LIMITED TO WORKS IN THE CONTEMPORARY, EUROPEAN, AND AMERICAN COLLECTION AREAS.FY25 EXHIBITION HIGHLIGHTS: MADE IN HARTFORDMATRIX 198: STEFFANI JEMISONDIVINE GEOMETRYPAPER, COLOR, LINE: EUROPEAN MASTER DRAWINGSENTRE MUNDOSUNSETTLEDANCIENT BRONZESPRINTS CHARMING: RECENT GIFTS AND ACQUISITIONS 3324659 EDUCATION/VISITOR EXPERIENCE AND SERVICESTHE LEARNING & ENGAGEMENT AND VISITOR EXPERIENCE & SERVICES TEAMS HELP CREATE OPPORTUNITIES FOR CONNECTION, CURIOSITY, AND CONVERSATION THAT INVITE ALL AUDIENCES TO PARTICIPATE IN THE LIFE OF THE MUSEUM. WE OFFER WELCOMING EXPERIENCES FOR PEOPLE OF ALL AGES AND BACKGROUNDSFROM EARLY LEARNERS TO LIFELONG EXPLORERS. GALLERY TALKS AND TOURS, MUSIC, FILMS, WORKSHOPS, LECTURES, AND SOCIAL PROGRAMS OFFER ENGAGING, LAYERED PERSPECTIVES ON SPECIAL EXHIBITIONS AND FAMILIAR FAVORITES. STUDENTS FROM PRE-K THROUGH GRADE 12 AND BEYOND DEEPEN THEIR VISUAL LITERACY SKILLS WHILE MAKING MEANINGFUL CONNECTIONS BETWEEN ART AND THEIR CLASSROOM LEARNING DURING GUIDED TOURS. THROUGH FAMILY AND COMMUNITY PROGRAMMING, WE SUPPORT ACCESS TO THE ARTS THAT SPARKS EXCITEMENT, ENCOURAGES CREATIVE EXPRESSION, AND FOSTERS A SENSE OF BELONGING AT THE WADSWORTH. WITH AN INTERDISCIPLINARY APPROACH AND A DEEP COMMITMENT TO INCLUSION, WE OFFER MANY PATHWAYS TO EXPERIENCE ART AND CULTURE. IN FY25, NEARLY 40% OF OUR VISITORS PARTICIPATED IN ONE OF OUR PROGRAMS. 1215214 OTHER PROGRAM EXPENSES: OTHER PROGRAM EXPENSES INCLUDE MARKETING, PUBLIC RELATIONS, MEMBERSHIP, MUSEUM SHOP, THEATER AND OTHER MISCELLANEOUS. 16218238 1 1 0 1 0 0 1 1 0 1 1 1 0 0 0 1 1 0 0 1 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 143 0 1 133 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 37 35 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CT NY X JACK MORTON 8602782670 600 MAIN STREET HARTFORD CT 06103 ALDEN GORDON TRUSTEE 1.00 X 0 0 0 ANDRE E ROCHESTER SR EX-OFFICIO TRUSTEE 1.00 X 0 0 0 BROOK HAZELTON TREASURER 1.00 X X 0 0 0 BURKE DOAR TRUSTEE 1.00 X 0 0 0 CAMILLE SIMPSON TRUSTEE 1.00 X 0 0 0 CAROL A URICK EX-OFFICIO TRUSTEE 1.00 X 0 0 0 CAROL L CHENEY TRUSTEE 1.00 X 0 0 0 CAROLINE CUNNINGHAM YOUNG EX-OFFICIO TRUSTEE 1.00 X 0 0 0 CHERYL A CHASE VICE CHAIR 1.00 X X 0 0 0 CLAIRE BURNS TRUSTEE 1.00 X 0 0 0 DAVID W DANGREMOND TRUSTEE 1.00 X 0 0 0 DR ELSA M NUNEZ TRUSTEE 1.00 X 0 0 0 DUFFIELD ASHMEAD IV CHAIR 1.00 X X 0 0 0 EILEEN S POLLACK TRUSTEE 1.00 X 0 0 0 EMILIE DE BRIGARD VICE CHAIR 1.00 X X 0 0 0 ESTHER PRYOR TRUSTEE 1.00 X 0 0 0 G DUNCAN HARRIS TRUSTEE 1.00 X 0 0 0 GERARD LUPACCHINO TRUSTEE 1.00 X 0 0 0 HELENE Y BROWN EX-OFFICIO TRUSTEE 1.00 X 0 0 0 HENRY M ZACHS TRUSTEE 1.00 X 0 0 0 HY J SCHWARTZ VICE CHAIR 1.00 X X 0 0 0 JASON M GALVIN TRUSTEE 1.00 X 0 0 0 JEFFREY MOYER EX-OFFICIO TRUSTEE 1.00 X 0 0 0 JEFFREY N BROWN PRESIDENT, CEO & EX-OFFICIO TRUSTEE 35.00 X X 363806 0 74565 JOSEPH R GIANNI TRUSTEE 1.00 X 0 0 0 LAURA R HARRIS TRUSTEE 1.00 X 0 0 0 LILY DE JONGH DOWNING SECRETARY 1.00 X X 0 0 0 MALLY COX-CHAPMAN TRUSTEE 1.00 X 0 0 0 MARK N MANDELL TRUSTEE 1.00 X 0 0 0 MATTHEW HARGRAVES MUSEUM DIRECTOR; EX-OFFICIO TRUSTEE 35.00 X X 186243 0 67325 MICHELE WREN COOK TRUSTEE 1.00 X 0 0 0 NINA F SCHERAGO TRUSTEE 1.00 X 0 0 0 PEDRO BERMUDEZ TRUSTEE 1.00 X 0 0 0 PHILIPPA FEIGEN MALKIN TRUSTEE 1.00 X 0 0 0 SARAH A CLUNIS EX-OFFICIO TRUSTEE 1.00 X 0 0 0 SUSAN CHANDLER TRUSTEE 1.00 X 0 0 0 TAMARA WILLIAMS TRUSTEE 1.00 X 0 0 0 TIMOTHY P MCLAUGHLIN TRUSTEE 1.00 X 0 0 0 JOHN MORTON DIRECTOR OF FINANCE 35.00 X 132991 0 9360 APRIL SWIECONEK DIRECTOR OF MARKETING & COMMUNICATION 35.00 X 124390 0 27849 SHARMIN MAHMUD OUTGOING DIRECTOR OF DEVELOPMENT 35.00 X 167703 0 34562 975133 0 213661 5 0 1 0 SECURITAS SECURITY SERVICES USA INC 255 PITKIN STREET EAST HARTFORD CT 06108 SECURITY 828171 ACCOUNTING RESOURCES INC 100 WESTERN BLVD GLASTONBURY CT 06033 ACCOUNTING & HUMAN RESOURCES 306145 CONSIGLI CONSTRUCTION CO INC 100 ALLYN ST 4TH FLOOR HARTFORD CT 06103 CONSTRUCTION 254782 CONNECTICUT CONVENTION CENTER 100 COLUMBUS BOULEVARD HARTFORD CT 06103 EVENT RENTAL & CATERING 175885 CT MICRONET LLC 6 EXECUTIVE DRIVE SUITE 120 FARMINGTON CT 06032 IT SUPPORT 157440 11 327517 727867 1040931 3162464 151830 5258779 ADMISSION REVENUE 900099 454667 454667 AUXILIARY AND OTHER ACTIVITIES 900099 242861 242861 EXHIBITION AND OTHER FEES 900099 118211 118211 815739 2933680 2933680 95482591 6530 93848812 0 1633779 6530 1640309 1640309 113736 727867 403240 -289504 -289504 299824 104063 195761 187040 8721 10554764 1002779 8721 4284485 856896 618036 139486 99374 4377302 3190846 713469 472987 129625 87070 20925 21630 439073 294928 70878 73267 408806 304878 58507 45421 20427 20427 112433 112433 42500 42500 404309 404309 1470307 1269490 200817 566080 565382 698 232699 198013 12122 22564 2212569 2119333 82556 10680 655589 420053 57827 177709 1884791 1800068 75357 9366 588493 263411 243094 81988 PURCHASE OF ART 4337944 4337944 MATERIALS, SUPPLIES, SH 540919 301977 14011 224931 19280762 16218238 1621092 1441432 8915858 4209783 1294648 1860922 1146239 20679 15610 254145 579571 51613075 34277534 18378780 17335541 63523644 94319362 37820558 15850837 4266129 0 135040715 134751591 3114236 1657703 67449 217911 3181685 1875614 X 22075580 24595722 109783450 108280255 131859030 132875977 135040715 134751591 X -8725998 8913078 829867 X 0 1 X 1 0 X 11296410 2709959 6320628 5975307 5258779 31561083 11296410 2709959 6320628 5975307 5258779 31561083 4435966 27125117 1361566 1703696 2921597 2136396 2933680 11056935 59124 59124 42677142 4129919 0.63560 0.63840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 42500 0 0 42500 0 PART II-B, LINE 1: THE ORGANIZATION PAID FOCUS GOVERNMENT AFFAIRS FOR ASSISTANCE WITH LOBBYING ACTIVITITIES. X 0 1 0 0.00 0 X X X X X EDUCATION 1 86305554 2193638 11732956 10053724 90178424 82161578 534131 9077124 5467279 86305554 79620286 250000 8958579 6667287 82161578 101893474 120665 -16837005 5556848 79620286 83156700 2065621 23261904 6590751 101893474 0.11610 0.41666 0.46724 1 0 45915866 28913989 17001877 5353465 5353465 0 343744 10080 333664 17335541 TRUST FOR THE MUSEUM'S BENEFIT 15850837 F 15850837 X 20600871 8913078 200168 933930 10047176 10553695 404309 -403240 1069 10554764 19583924 200168 507303 707471 18876453 404309 404309 19280762 PART II, LINE 9: THE WADSWORTH ATHENEUM MUSEUM OF ART REFLECTS EXPENDITURES RELATING TO ITS EASEMENTS IN ITS OPERATING REVENUE AND EXPENDITURES. PART III, LINE 1A: IN ACCORDANCE WITH ACCOUNTING POLICIES GENERALLY FOLLOWED BY MUSEUMS, COLLECTIONS OF WORKS OF ART ACQUIRED THROUGH PURCHASE OR DONATION SINCE THE MUSEUM'S INCEPTION ARE NOT REFLECTED IN THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION. EACH OF THE ITEMS IS CATALOGED, PRESERVED AND CARED FOR. THE MUSEUM'S POLICY REQUIRES THAT PROCEEDS FROM THE SALE OF COLLECTION ITEMS OR INSURANCE PROCEEDS BE USED SOLELY FOR ACQUISITION OF OTHER ART OBJECTS OR THE DIRECT CARE OF EXISTING COLLECTIONS. IF ASSETS USED TO PURCHASE COLLECTION ITEMS ARE SOURCED FROM RESTRICTED FUNDS, PROCEEDS FROM THE SALE OF THOSE ITEMS ARE SHOWN AS INCREASES IN NET ASSETS WITH DONOR RESTRICTIONS UNTIL AN ACQUISITION IS MADE. PART III, LINE 4: THE MUSEUM'S MISSION IS TO HOLD ITS COLLECTION IN TRUST FOR ALL PEOPLE AND IS DEDICATED TO ADVANCING AND INSPIRING EVERYONE TO EXPERIENCE AND APPRECIATE EXCELLENCE IN ART AND CULTURE. THE MUSEUM VALUES ARTISTIC EXCELLENCE, INNOVATION AND LEADERSHIP ON A LOCAL AND GLOBAL LEVEL. AS PART OF ITS ROLE AS CONNECTICUT'S FLAGSHIP VISUAL ARTS INSTITUTION, THE MUSEUM IS A CULTURAL MEETING PLACE FOR THE SHARING OF IDEAS AND EXPERIENCES. FOUNDED IN 1842, THE MUSEUM IS HOME TO A COLLECTION OF NEARLY 50,000 WORKS OF ART SPANNING 5,000 YEARS, FROM ANTIQUITIES TO CONTEMPORARY ART. ANNUALLY, THE MUSEUM HOSTS SEVERAL MAJOR EXHIBITIONS AND MULTIPLE SMALLER SPECIAL EXHIBITIONS. THE MUSEUM OFFERS TOURS, CONCERTS, FILMS, GALLERY TALKS, LECTURES, SYMPOSIUMS, SCHOOL AND FAMILY PROGRAMS, WORKSHOPS AND ART HISTORY COURSES. PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE USED FOR MUSEUM OPERATIONS, EXHIBITIONS, AND PROGRAMMING AS WELL AS THE ACQUISITION OF WORKS OF ART. PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE MUSEUM AND HAS CONCLUDED THAT, AS OF JUNE 30, 2025 AND 2024, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE MUSEUM'S FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2022 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. THE MUSEUM FILES FEDERAL AND STATE OF CONNECTICUT INCOME TAX RETURNS FOR UNRELATED BUSINESS INCOME, WHICH REPRESENT THE MAJOR TAX JURISDICTIONS OF THE MUSEUM. IF THE MUSEUM HAD UNRELATED BUSINESS INCOME TAXES, IT WOULD RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH ANY TAX MATTERS AS PART OF THE INCOME TAX PROVISION AND INCLUDE ACCRUED INTEREST AND PENALTIES WITH THE RELATED TAX LIABILITY IN THE STATEMENT OF FINANCIAL POSITION. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOOD SOLD 104,063. CHANGE IN PERPETUAL TRUST 829,867. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -403,240. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 104,063. FUNDRAISING EXPENSES 403,240. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 7 PROGRAM SERVICES PURCHASES OF ARTWORK 3470784 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 1 PROGRAM SERVICES MARKETING 173949 0 8 0 0 0 8 3644733 0 3644733 0 0 0 0 0 0 SPRING 2025 GALA 841603 727867 113736 122492 21493 88158 4085 167012 841603 727867 113736 122492 21493 88158 4085 167012 403240 -289504 1 X X X X 0 0 0 0 0 0 0 1 0 JEFFREY N BROWN PRESIDENT, CEO & EX-OFFICIO TRUSTEE 314638 0 49168 0 0 0 41829 0 32736 0 438371 0 0 0 MATTHEW HARGRAVES MUSEUM DIRECTOR; EX-OFFICIO TRUSTEE 186243 0 0 0 0 0 26288 0 41037 0 253568 0 0 0 SHARMIN MAHMUD OUTGOING DIRECTOR OF DEVELOPMENT 167703 0 0 0 0 0 8745 0 25817 0 202265 0 0 0 APRIL SWIECONEK DIRECTOR OF MARKETING & COMMUNICATIO 124390 0 0 0 0 0 6533 0 21316 0 152239 0 0 0 PART I, LINE 7 THE EXECUTIVE TEAM RECEIVED A BOARD APPROVED CALENDAR YEAR BONUS IN THEIR 2024 W2S. X 23 50725 FMV X 1604 FMV X 10 52366 FMV X 179 35135 FMV X ART SUPPLIES 1 12000 FMV 0 0 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990 PART 1 REVENUE LESS EXPENSES REPORTED ON PART I, LINE 19 ($8,725,998) INCLUDES $4,337,944 OF COLLECTION ACQUISITIONS REPORTED AS 'PURCHASE OF ART' IN PART IX, AND $1,884,791 OF DEPRECIATION EXPENSE, WHICH IS A NON-CASH ITEM. IN ADDITION, THE MUSEUM RECOGNIZED $8,913,078 OF NET UNREALIZED GAINS ON INVESTMENTS DURING THE YEAR; THESE UNREALIZED GAINS ARE REFLECTED IN THE PART XI RECONCILIATION OF NET ASSETS BUT ARE NOT INCLUDED IN TOTAL REVENUE ON THE FORM 990 AND THEREFORE DO NOT AFFECT PART I, LINE 19. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE OF THE WADSWORTH ATHENEUM REVIEWS THE COMPLETED FORM(S) 990 PRIOR TO FILING. THE FORM(S) 990 ARE ALSO ELECTRONICALLY DISTRIBUTED TO THE BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY EACH MEMBER OF THE BOARD OF TRUSTEES, OFFICERS, AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE AND SUBMIT A WRITTEN CONFLICT OF INTEREST FORM WHICH DISCLOSES ALL INTERESTS. THE GOVERNANCE COORDINATOR RECEIVES AND REVIEWS ALL SUBMISSIONS AND SHARES WITH MANAGEMENT TO DETERMINE IF ANY DISCLOSURES POSE A CONFLICT. IF THE OFFICE OF THE CEO & DIRECTOR DETERMINES THAT ANY DISCLOSURES MAY POSE A CONFLICT, THE PRESIDENT OF THE BOARD IS THEN NOTIFIED. IN ADDITION, THE AUDIT COMMITTEE IS NOTIFIED. FORM 990, PART VI, SECTION B, LINE 15A CEO & DIRECTOR THE COMPENSATION COMMITTEE IS A DELEGATED FUNCTION OF THE BOARD WITH THE SOLE PURPOSE OF ADMINISTERING THE COMPENSATION, PERFORMANCE REVIEW, AND GOAL SETTING PROVISIONS OF THE DIRECTOR & CEO'S COMPENSATION FOCUSING ON RETENTION, MOTIVATION AND ALIGNMENT WITH THE ORGANIZATION'S OPERATING AND STRATEGIC OBJECTIVES. THE COMMITTEE IS COMPRISED OF NO LESS THAN THREE AND NO MORE THAN FIVE MEMBERS. THE COMMITTEE CONVENES AS NEEDED. IN ITS DELIBERATIONS, THE COMMITTEE ASSESSES PERFORMANCE/RESULTS, REVIEWS VALID COMPENSATION COMPARABILITY DATA, ACTS WITH THE APPROVAL OF A MAJORITY OF ITS MEMBERS, DOCUMENTS ITS DECISIONS AND RATIONALE, AND ASSURES THAT ALL ACTIONS RELATED TO EXECUTIVE COMPENSATION ARE APPROVED IN ADVANCE OF TAKING EFFECT. OFFICERS OR KEY EMPLOYEES THE CEO & DIRECTOR OF THE MUSEUM DETERMINES THE COMPENSATION FOR KEY EMPLOYEES. THE CEO/DIRECTOR WORKS WITH THE HUMAND RESOURCES DEPARTMENT AND USES THE ASSOCIATION OF ART MUSEUM DIRECTORS (AAMD) SALARY SURVEY, SURVEYS OF LOCAL, SIMILARLY-SIZED NOT FOR PROFIT ORGANIZATIONS AND THE MUSEUM'S BUDGET AS GUIDELINES TO DETERMINE THE COMPENSATION AMOUNT. FORM 990, PART VI, SECTION C, LINE 19 A CONDENSED FORM OF THE AUDITED FINANCIAL STATEMENTS ARE INCLUDED IN THE MUSEUM'S ANNUAL REPORT WHICH IS POSTED ON THE WADSWORTH ATHENEUM WEBSITE AND AVAILABLE TO THE PUBLIC. THE MUSEUM'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE BY REQUEST. CONFLICT OF INTEREST POLICIES ARE AVAILABLE TO THE PUBLIC UPON REQUEST. GOVERNING DOCUMENTS OR BY-LAWS ARE DISCLOSED BY REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF TRUSTS FOR THE MUSEUM'S BENEFIT 829,867.