2025-05-06T08:32:31-05:00 2024-06-30 161131146 Bonadio & Co LLP 2711 Centerville Road Suite 100 Wilmington DE 19808 990 2023-07-01 510066038 The Henry Francis du Pont Winterthur Museum Inc HENR 3028884600 5105 Kennett Pike Winterthur DE 19735 Kirk Trasborg Chief Financial Officer 3028884600 2025-05-01 1 1 Peter S Kennedy CPA P00571422 3026566632 2025-05-01 2023 2025-03-06 01:10:19Z Christopher Strand 5105 Kennett Pike Winterthur DE 19735 176588120 0 X www.Winterthur.org X 1930 DE Winterthur's mission is to preserve and enhance the legacy of its founder, Henry Francis du Pont, for the benefit and enjoyment of the public, including: the care, development, and study of its preeminent collection of decorative and fine arts made or used in America; the enhancement and interpretation of one of America's finest naturalistic gardens; the operation of graduate programs in American material culture and art conservation at the highest academic level; the operation and development of a library to support these important cultural goals; and the preservation of the historically important buildings and grounds. 34 33 390 265 57896 -3714 5685503 3659432 2381515 2557978 7616975 61206670 1708225 1840210 17392218 69264290 517017 536970 0 0 14850829 15141815 0 0 1388910 12593374 13274152 27961220 28952937 -10569002 40311353 420321549 439185749 11002204 8275281 409319345 430910468 X Winterthur builds upon the vision of Henry Francis du Pont to inspire and educate through its collections, estate, and academic programs by engaging diverse audiences in the study, preservation, and interpretation of American material culture, art, design, and history. 0 0 9444083 2482697 Public Visitation, Membership, and Public Relations:In FY24, Winterthur continued a trend of increased visitation post-pandemic with nearly 130,000 guests visiting the museum. This nearly 17% growth relates to the popularity of the exhibit Ann Lowe: American Couturier, the spike in attendance from school children, and an increase in attendance and scope of our large-scale offerings.Winterthur continues to make substantial growth in our efforts to increase our community partnerships through several initiatives. In FY24, we hosted a second annual "Discover Winterthur Day," which is an event with no admission fees and free tabling opportunities for our community partners. Additionally, Winterthur's exhibit Ann Lowe: American Couturier resulted in multiple new connections with the African-American communities in Delaware and across the country. FY24's increase in attendance, as well as the emphasis on community-based programs directly serves Winterthur's mission to inspire and educate through our collection, estate, and academic programs.During FY24, Winterthur mounted the exhibition Ann Lowe: American Couturier. This exhibition highlighted over 40 fashion designs by the African American designer Ann Lowe. The exhibition and accompanying catalogue are the most substantial scholarly consideration of her work to date. Lowe's dresses provided an opportunity to celebrate her extraordinary talent, while exploring the complicated race-relations she faced during her lifetime. Through partnerships with local and national communities, we were able to attract new visitors and increase awareness of Lowe's work and life. During Winterthur's annual Yuletide display, we highlighted the legacy of Lowe's work by exhibiting six designs by two local African-American designers.Our school field trip initiative continues to grow under our free admission and bus funding programs. During FY24, 14,000 students engaged with a Winterthur program through onsite, virtual, and in-classroom experiences. By comparison, in FY23, we saw just over 10,000 students, which was double the previous year. We continually grow our model so that onsite field trips now spend an entire day at Winterthur and all onsite, virtual, and in-classroom participants have the option to experience multiple aspects of the institution including the collection, gardens, library, and conservation labs.In July of 2023, we hosted the third annual Artisan Market, which saw nearly 5,000 visitors to the grounds and featured over 100 local artisans. In its third year, we set a goal to increase financially accessible sales opportunities for artists. We succeeded in this goal by offer a scholarship for one artist, which waived their booth fees, as well as a including a low cost "Emerging Artist" section. This goal continues to be a focus for the event and in FY25, we extended scholarship acceptances to two artists and expanded the "Emerging Artist" section.Winterthur was supported in FY24 by approximately 11,000 member households, 93% of which reside in DE, PA, MD, or NJ. Membership at Winterthur is composed of 10 different individual membership levels, 1 corporate membership, and 3 donor societies, with annual dues ranging from $25 to $25,000+. Members made up a significant portion of general admission and add-on tickets, as well as event attendance in FY24. 5603733 536970 873997 Curatorial, Conservation, Education, Library Programs:Collections - in FY24 Winterthur acquired and accessioned by gift, bequest, and purchase 127 objects and deaccessioned 55. Staff from Registration, Conservation, and Exhibitions worked with Dr. Catharine Dann Roeber to prepare objects and the gallery for "Transformations: Contemporary Artists at Winterthur" an exhibition of more than 30 contemporary artists' work in conversation with Winterthur collection objects that are on view in the Winterthur house and galleries. Curatorial collaboration with guest curator Dr. Jonathan Michael Square for the "Almost Unknown, the Afric-American Picture Gallery" exhibition to be presented in 2025 is ongoing. Curatorial staff is also working on exhibitions to be presented in 2026 to celebrate America's 250th anniversary and Winterthur's 75th. Collections staff work regularly with Exhibitions to install new acquisitions and other rotations in the galleries.Research Fellowship Program - Winterthur administers a Research Fellowship Program, which annually funds national and international scholars and creators to conduct research at Winterthur. Winterthur hosted 29 Research Fellows in FY24. The Program provides Research Fellows with staff support in areas of logistics and project consultations; access to collections and facilities; opportunities to present and publish; and opportunities to interface with graduate students.Graduate Programs - With University of Delaware, Winterthur administers and provides instruction in the Winterthur/UD graduate programs (the Winterthur Program in American Material Culture and the Winterthur/University of Delaware Program in Art Conservation). To date, there have been 1,077 graduates of these two programs. Graduate Program activity includes teaching core, elective, and independent study coursework at Winterthur; organizing and leading national and international field study trips; serving as major/thesis advisors and providing mentorship and career counseling for students; identifying internship opportunities; organizing program events; identifying and facilitating collaborative opportunities between the two programs and with University of Delaware departments for student coursework, professional development and research funding, and campus resources; and supporting successful postgraduate placement. Winterthur Portfolio - In partnership with the University of Chicago Press, Winterthur administers an in-house academic journal, Winterthur Portfolio: A Journal of American Material Culture, publishing 3 issues annually. Winterthur Portfolio activity includes: solicitation/selection/editing of peer-reviewed articles and book reviews for publication; working with the Press on aspects of the journal's production; enhancing support for authors and promoting guidelines for sharing published work; promoting the journal and Winterthur at professional events; and overseeing the journal's editorial board and budget. Winterthur Library - The Winterthur Library acquires, preserves, and makes its collections available to the public; supports the research and scholarly activities of students, external scholars, and members of the public; provides instruction for students in undergraduate and graduate programs; and develops programs, events, and outreach initiatives. During FY24 the library added 1,116 books, periodicals, and archival and manuscript lots by purchase and gift, lent 66 items for internal and external exhibitions, and provided 2,010 items (147 loans and 1,083 scans) through interlibrary loan. The library saw 241 users by appointment to use the library circulating and special collections, and an additional 1,142 attendees of library programs, classes, and workshops. 7494845 Garden / Facilities Program:Winterthur maintains a world-renowned 60-acre historic garden nestled within a nearly 1000-acre landscape with woodlands, meadows, and waterways. Visitors come from all parts of the globe. The collection of rare and historic plants includes magnolias, azaleas, minor bulbs, conifers, and specimen trees. Significant varieties in the collection are tracked or "accessioned" through a records system, which currently includes more than 15,000 accessions. Winterthur preserves the legacy of the historic garden through continued restoration and enhancement of garden areas such as the Sundial Garden, Reflecting Pool, and Enchanted Woods and through the sensitive care and restoration of ironwork and statuary throughout the landscape. 22542661 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 1 0 0 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 199 0 1 390 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 34 33 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X Kirk Trasborg 3028884600 Winterthur Museum 5105 Kennett Pike Winterthur DE 19735 Mr Christopher D Strand Charles F. Montgomery Director & CEO 40.00 X X 277522 0 48133 Mr Bruce C Perkins Chair 5.00 X X 0 0 0 Ms Cynthia A Hewitt Vice Chair 5.00 X X 0 0 0 Mrs Elizabeth H Owens Secretary 5.00 X X 0 0 0 Mrs Katharine P Booth Trustee 1.00 X 0 0 0 Ms Desiree Caldwell Trustee 1.00 X 0 0 0 Ms Rhonda Starks Crowder Trustee 1.00 X 0 0 0 Mr David W Dangremond Trustee 1.00 X 0 0 0 Mr Logan D Delany Jr Trustee 1.00 X 0 0 0 Mr David L De Luca Trustee 1.00 X 0 0 0 Mr Timothy R Goldsmith Trustee 1.00 X 0 0 0 Mr Frank J Guzzetta Trustee 1.00 X 0 0 0 Dr Sandra R Harmon-Weiss Trustee 1.00 X 0 0 0 Mr James B Hawkes Trustee 1.00 X 0 0 0 Mr Morrison H Heckscher Trustee (until 5/24); Trustee Emeritus (from 5/24) 1.00 X 0 0 0 Mr Frank L Hohmann III Trustee 1.00 X 0 0 0 Mr Joseph C Hoopes Jr Trustee 1.00 X 0 0 0 Mr Jeremy H Gonzalez Ibrahim Trustee 1.00 X 0 0 0 Mrs Richard Annie I G Jones Trustee 1.00 X 0 0 0 Mr Edward W Kane Trustee 1.00 X 0 0 0 Mrs Ellen J Kullman Trustee 1.00 X 0 0 0 Mr Nicholas P Lambrow Trustee 1.00 X 0 0 0 Mr Jonathan B Loring Trustee 1.00 X 0 0 0 Mr Forbes Maner Trustee 5.00 X 0 0 0 Mr Christopher S Patterson Trustee 1.00 X 0 0 0 Mr Robert M Peck Trustee 1.00 X 0 0 0 Mrs Maureen C Rhodes Trustee 1.00 X 0 0 0 Mrs Lynn Springer Roberts Trustee 1.00 X 0 0 0 Mr Randall Schrimsher Trustee 1.00 X 0 0 0 Mr Stephen S Smith Trustee 1.00 X 0 0 0 Mr P Coleman Townsend Trustee 1.00 X 0 0 0 Mrs Susan Marshall Townsend Trustee 1.00 X 0 0 0 Ms Ellet Kidd Veale Trustee (from 5/24) 1.00 X 0 0 0 Ms Marichu C Valencia Trustee 1.00 X 0 0 0 Ms Renee Wolcott Trustee (until 5/24) 1.00 X 0 0 0 The Honorable WL Lyons Brown Chairman & Trustee Emeritus (decd 6/24) 1.00 X 0 0 0 Mr John L McGraw Chairman & Trustee Emeritus (decd 7/23) 1.00 X 0 0 0 Mr Samuel Schwartz Chairman & Trustee Emeritus 1.00 X 0 0 0 Mrs Alice Cary Brown Trustee Emerita 1.00 X 0 0 0 Mrs Louisa C Duemling Trustee Emerita 1.00 X 0 0 0 Mr Pierre du Pont Hayward Trustee Emeritus 1.00 X 0 0 0 Mrs Elizabeth B Johnson Trustee Emerita 1.00 X 0 0 0 Mrs Julia Bissell Leisenring Trustee Emerita 1.00 X 0 0 0 Mrs Marjorie P McGraw Trustee Emerita 1.00 X 0 0 0 Mr Blaine T Phillips Trustee Emeritus 1.00 X 0 0 0 Mr Geoffrey M Rogers Trustee Emeritus 1.00 X 0 0 0 Dr David P Roselle Trustee Emeritus (decd 4/24) 1.00 X 0 0 0 Mr Mark E Stalnecker Trustee Emeritus 1.00 X 0 0 0 Mr David D Wakefield Trustee Emeritus 1.00 X 0 0 0 Mr David B Warren Trustee Emeritus 1.00 X 0 0 0 Mr Edmond L Lincoln Honorary Trustee 1.00 X 0 0 0 Ms Susan Bleecher Chief Financial Officer and Treasurer 40.00 X 231070 0 29293 Ms Terri Kuzo Controller and Asst Treasurer (from 6/23) 40.00 X 57220 0 3087 Ms Tricia Davies Assistant Secretary 40.00 X 58338 0 27099 Ms Denise D Adams Controller and Asst Treasurer (to 3/23) 40.00 X 39296 0 2507 Mr Kirk Trasborg Chief Financial Officer and Treasurer (from 1/24) 40.00 X 0 0 0 Ms Alexandra Deutsch Dir.-Collections 40.00 X 187621 0 12715 Ms Christine M Heesters Dir.-Marketing and Technology 40.00 X 178276 0 14076 Ms Jennifer M Mackey Dir.-Development 40.00 X 171859 0 28722 Mr Michael Janes Dir.-Human Resources 40.00 X 144695 0 13889 Mr John Castle Dir.-Facilities 40.00 X 141391 0 29965 Ms Catharine Roeber Dir.-Academic Affairs 40.00 X 112671 0 17544 Mr Phillip Hall Dir.-Project Management 40.00 X 116852 0 17132 Ms Joy Gardiner Dir.-Conservation 40.00 X 110744 0 8338 1827555 0 252500 11 0 1 0 Limbach Company LLC 175 Titus Ave Suite 100 Warrington PA 18976 Building Maintenance 569679 RSM US LLP 5155 Paysphere Circle Chicago IL 60674 Ongoing finance, accounting and technolo 418703 Crane Communications Inc PO Box 6410 Philadelphia PA 19145 Marketing Consulting 320814 Mark Ward dba P&M Exhibits LLC 6429 Golden Oak Drive Linthicum MD 21090 Building Maintenance and exhibition inst 317730 Restaurant Associates 5105 Kennett Pike Winterthur DE 19735 Meetings and Special Events 256845 11 1159266 78667 371329 2050170 99604 3659432 Admissions 900099 1765433 1765433 Program Events 900099 436738 436738 Academic Programs 900099 355807 355807 2557978 3669621 57896 3611725 171441 171441 647807 39104 608703 608703 608703 163636233 81452 106180636 0 57455597 81452 57537049 81452 57455597 867906 78667 535252 332654 332654 1050393 568838 481555 481555 All other revenue 900099 235979 235979 Property damage recovery, net 524126 9878 9878 245857 69264290 3356964 57896 62189998 536970 536970 1599776 396117 994991 208668 10632861 9957861 135991 539009 518793 340979 165586 12228 1503616 1410644 92972 886769 753996 88479 44294 51267 51267 525934 525934 1162742 1162742 676756 381606 207058 88092 452466 445271 3985 3210 504348 343316 16109 144923 354942 354942 1325151 1037019 239759 48373 179360 138444 25453 15463 232031 119031 59545 53455 227469 227469 3497634 2737133 632825 127676 371638 26533 345105 Equipment, Contracts, a 2069616 1935700 133456 460 Exhibition/Programming 955343 949845 4167 1331 Collection Acquisitions 213328 213328 Publication Expenses 112043 109950 2093 362084 353976 1445 6663 28952937 22542661 5021366 1388910 3712712 4449650 160340 104340 1813425 1433304 390362 497248 561592 742306 106421863 78500866 29603736 27920997 203499205 123278869 177232377 280376522 3347800 382513 420321549 439185749 2892264 2097122 503407 587445 7410409 5492290 196124 98424 11002204 8275281 X 322052853 337512878 87266492 93397590 409319345 430910468 420321549 439185749 X 40311353 -15277036 -3443194 X X 0 1 X 1 1 1 X 5437810 10151045 8827394 5635993 3659432 33711674 5437810 10151045 8827394 5635993 3659432 33711674 2944586 30767088 4285399 3541986 4238655 4960314 4488869 21515223 55226897 14582859 0.55710 0.56630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X X Digital Collection & Record 0 380898473 53750 45650698 536970 21035941 1162742 403867268 364761196 3513523 32607462 517017 18875579 591112 380898473 429816247 62052 -41067524 496486 22864512 688581 364761196 342802730 722472 106128246 747681 18456319 633201 429816247 353182994 1761014 7595597 697503 18211142 828230 342802730 0.79195 0.10893 0.09912 0 0 6705791 6705791 86981178 70367782 16613396 12471029 8133084 4337945 263865 263865 27920997 Limited partnerships 238998135 F Hedge funds 41378387 F 280376522 Capital lease obligations 98424 98424 53617922 -15277036 1104090 -14172946 67790868 1162742 310680 1473422 69264290 28642829 1104090 1104090 27538739 1162742 251456 1414198 28952937 Part III, Line 1a: In conformity with FASB ASC 958-605, the financial statements exclude the value of the collection objects and library holdings. No determination can be made as to the aggregate value of such items. Winterthur records proceeds from deaccessions and disbursements for current period accessions in the statement of activities as revenue and expenditures, respectively. Proceeds from sales of collection items are limited to the acquisition of other items for collections or the direct care of existing collection items. Winterthur employs conservation and curatorial staff to ensure that the collection is protected and preserved. Part III, Line 4: Winterthur's collection of decorative and fine arts remains one of the best in the country, and objects are displayed in 175 museum rooms and 35,000 square feet of self-guided galleries. The collections include over 90,000 objects including furniture, architecture, textiles, paintings, metals, ceramics, glass, and works of art on paper. The comprehensive research library features books, periodicals, manuscripts, visual images, and ephemera. Much of the scholarship on early American material culture has been written on the basis of research conducted at Winterthur, via both its collection of objects as well as the material found in its library. The Winterthur and University of Delaware Program in American Material Culture (WPAMC) is the country's leading graduate program in the study of American decorative arts and material life, and the Winterthur/University of Delaware Program in Art Conservation (WUDPAC) is one of only four graduate programs in the United States that educates and trains conservation professionals in multiple disciplines to care for our cultural heritage. Winterthur Museum, Garden & Library is committed to providing an array of artistic and educational programming. Currently, we are designing exhibitions, programs, and events that utilize our rich collection materials and vast knowledge base to appeal to Winterthur's traditional visitor while encouraging the patronage of a new, diverse, and intergenerational audience. Over the years, through innovative exhibitions, programs, and events, Winterthur has become a unique national treasure, a vital community resource, and a place that engages adults and youth in entertaining and memorable experiences that are relevant to their lives. Winterthur's goal has been to interpret its collections through enticing programs that help young visitors understand people, art, and landscapes - past and present. Culture enthusiasts and families with children make up the bulk of Winterthur's general attendance, of over 109,000 in FY2024. Many of these visitors are cultural tourists and museum members who take tours of the house, garden, and galleries or partake in Winterthur's family and school programming. Winterthur offers eighteen interactive, curriculum-based and developmentally-appropriate programs for students in preschool through the 12th grade. These programs take place both at Winterthur and in school classrooms throughout the Delaware Valley as part of our school outreach program, and are often geared toward our changing exhibitions. Part XI, Line 2d - Other Adjustments: Special Event Expenses 535,252. Cost of Sales 568,838. Part XI, Line 4b - Other Adjustments: Corporate event expenses 36,683. Property damage recovery, net 9,878. Collection Deaccession Proceeds 81,452. UBIT Taxes Paid 1,445. Employee Retention Tax Credit 181,222. Part XII, Line 2d - Other Adjustments: Special Event Expenses 535,252. Cost of Goods Sold 568,838. Part XII, Line 4b - Other Adjustments: Corporate event expenses 36,683. Collection acquisitions 213,328. UBIT Taxes Paid 1,445. Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 Investment 50690444 0 0 0 0 0 0 50690444 0 50690444 1 0 1 1 1 0 Part I, Line 3, Column (f): There are 4 investments with a net asset value of $50,690,444 at June 30, 2024. Delaware Antiques Show 400548 61500 339048 232739 Point to Point Races 546025 17167 528858 302513 946573 78667 867906 535252 535252 332654 1 Winterthur Program in American Material Culture 16 408000 FMV Research Fellowship 29 104813 FMV Part I, Line 2: The only disbursements made to non-affiliated persons in furtherance of its mission and exempt purpose are to the graduate students (Winterthur Program in American Material Culture) and research fellowships (Research Fellowship Program). The graduate student awards are made according to admission procedures consistent with practices at the University of Delaware, which co-sponsors the awards, and supervised by University of Delaware faculty. All Research Fellowship awards are made according to selection procedures consistent with practices of the National Endowment for the Humanities. Graduate student award funds are monitored according to internal fiscal practices of both the Winterthur Museum and the University of Delaware. Research Fellowship expenditures are monitored by monthly internal tracking. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 Mr Christopher D Strand Charles F. Montgomery Director & CEO 277522 0 0 0 0 0 24857 0 23276 0 325655 0 0 0 Ms Susan Bleecher Chief Financial Officer and Treasure 231070 0 0 0 0 0 17226 0 12067 0 260363 0 0 0 Ms Jennifer M Mackey Dir.-Development 171859 0 0 0 0 0 12733 0 15989 0 200581 0 0 0 Ms Alexandra Deutsch Dir.-Collections 187621 0 0 0 0 0 11070 0 1645 0 200336 0 0 0 Ms Christine M Heesters Dir.-Marketing and Technology 178276 0 0 0 0 0 12460 0 1616 0 192352 0 0 0 Mr John Castle Dir.-Facilities 141391 0 0 0 0 0 13168 0 16797 0 171356 0 0 0 Mr Michael Janes Dir.-Human Resources 144695 0 0 0 0 0 554 0 13335 0 158584 0 0 0 X 4 FASB ASC 958-360-25 X FASB ASC 958-360-25 X 6 99604 Fair Market Value 3 0 1 1 Part I, Line 32b: Deaccessioned material is sold thru public auction houses, e.g. Sotheby's, Pook & Pook, Inc. and Christie's. Part I, Line 33: A zero amount is reported in Sch M, Part I, line 3(c), because Winterthur does not capitalize its collection, as allowed under FASB ASC 958-360-25. Form 990, Part VI, Section A, line 2 Some Board members share a family relationship. Form 990, Part VI, Section B, line 11b The Audit Committee reviews the Form 990 before the return is signed and filed. Form 990, Part VI, Section B, line 12c Each Trustee must complete a Conflict of Interest Policy Disclosure Statement upon his/her election to the Board and annually thereafter. Board members are required to acknowledge a potential conflict to the Board prior to entering into a transaction with the Museum. The minutes of the Board meeting at which a disclosure of conflict is made shall reflect the occurrence and the outcome. The Executive Director monitors contracts and vendor payments for potential conflicts of interest and informs the Chairman of the Board. The Chairman then brings the potential conflict to the Board for discussion when deemed possibly material. Form 990, Part VI, Section B, line 15 The Human Resources Department oversees a national salary survey every three years and also gathers local/regional salary data to help establish current market values for the Museum's senior leadership and staff. The collected salary data supports a salary structure that aligns all positions within a salary range. Form 990, Part VI, Section C, line 19 While the Museum routinely provides copies of the audited financial statements when requested, it has never received a request for its conflict of interest policy or governing documents. Although there is no legal requirement that it do so, in the interest of transparency, requests of this nature will be evaluated by the Museum and responded to on a case by case basis. Form 990, Part XI, line 9: Non-operating pension activities -3,443,194. Form 990, Part XII, Line 2c Winterthur has an Audit Committee that is responsible for the selection and oversight of the independent auditor.