2022-11-08T10:42:40-06:00 2021-12-31 510232475 Cover & Rossiter PA 2711 Centerville Road Suite 100 Wilmington DE 19808 990 2021-01-01 510070531 Eleutherian Mills-Hagley Foundation Inc ELEU 3026582400 PO Box 3630 Wilmington DE 198070630 Karen R Cronin Chief Financial Officer 3026582400 2022-10-19 1 Karen Cronin 999009999 Peter Kennedy P00571422 3026566632 2022-10-19 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z Jill MacKenzie PO Box 3630 Wilmington DE 198070630 42805044 0 X www.hagley.org X 1952 DE Hagley Museum and Library collects, preserves, and interprets the unfolding history of American enterprise. 14 14 181 287 0 109256 3268374 3079604 152463 153927 2283137 11826215 241396 -1537265 5945370 13522481 17200 29114 0 0 6607659 6475866 220571 96133 728795 3994091 4841073 10839521 11442186 -4894151 2080295 195800140 219223690 847017 2197058 194953123 217026632 Hagley Museum and Library seeks to inspire all people to be innovative in their own lives through investigation and exploration of our historical collections, the original DuPont powder yard, and online resources. 0 0 4445803 186627 Hagley Museum is located on 235 acres along the banks of the Brandywine River in Wilmington, Delaware. Hagley is the site of the gunpowder works founded by E. I. du Pont de Nemours in 1802. This example of early American industry includes restored mills, a workers' community, and the ancestral home and gardens of the du Pont family. Hagley exhibits objects and artifacts that interpret the unfolding history of American business, technology, and innovation, and its impact on the world. 4006636 29114 21664 Hagley's Research Library supports research on the history of American business, commerce, consumption, technology, and design within their broad social, cultural, and political contexts. Each year hundreds of scholars come to the Library to do research using Hagley's materials and archives. In 1986, the Center for the History of Business, Technology, and Society was organized to administer Hagley's interactions with the world of scholarship. 8452439 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 1 0 0 0 1 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 61 0 1 181 1 1 1 1 UK 0 0 0 1 1 0 0 0 0 0 0 X 14 14 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X Business Office 3026582400 298 Buck Road East Wilmington DE 198070630 Henry B du Pont IV President 3.00 X X 0 0 0 Ann C Rose Vice President 1.00 X X 0 0 0 Augustus I du Pont Treasurer 1.00 X X 0 0 0 John S Wellons Secretary 1.00 X X 0 0 0 Blaine T Phillips Trustee Emeritus 1.00 X 0 0 0 Carol A Ammon Trustee (until 3/21) 1.00 X 0 0 0 Edward J Bassett CFA Trustee 1.00 X 0 0 0 Mati Bonetti de Buccini Trustee 1.00 X 0 0 0 Charles M Elson PhD Trustee 1.00 X 0 0 0 William J Farrell II Trustee 1.00 X 0 0 0 Gregory Friedman Trustee 1.00 X 0 0 0 Margaret BW Graham PhD Trustee 1.00 X 0 0 0 Kathleen Furey McDonough Trustee 1.00 X 0 0 0 M Gary Talley Trustee 1.00 X 0 0 0 Steven W Usselman PhD Trustee 1.00 X 0 0 0 Jill Mackenzie Executive Director 40.00 X 190625 0 16022 Marjorie P Kelly Assistant Secretary 40.00 X 54209 0 9235 Karen Cronin CFO; Assistant Treasurer 40.00 X 126286 0 14771 Erik Rau Director, Library Services 40.00 X 137234 0 13463 508354 0 53491 3 0 1 0 Exhibitology LLC 671 3rd Street Newark NJ 07107 Exhibit Design 518566 Service Unlimited Inc 19 Southgate Blvd New Castle DE 19720 HVAC Equipment and Maintenance 223337 Merit Construction Engineers Inc 5700 Kirkwood Hwy 201 Wilmington DE 19808 Construction 165405 Limbach 175 Titus Ave Suite 100 Warrington PA 18976 HVAC 164900 Robert Peter Gerber dba Gerber Masonry 101 Fallon Ave Wilmington DE 19804 Masonry 149176 9 81675 232114 2765815 540755 3079604 Admissions 900099 153927 153927 153927 2724383 2724383 208898 14609 194289 194289 194289 38128007 29026175 9101832 9101832 9101832 220521 232114 206908 13613 13613 67571 34871 32700 32700 Miscellaneous Visitor & Photocopy 900099 21664 21664 Property damage, net 900099 -1799531 -1799531 -1777867 13522481 208291 0 10234586 29114 29114 411149 122358 227613 61178 4515432 3820128 442381 252923 367119 236883 59776 70460 832316 774217 49458 8641 349850 270556 59384 19910 40458 40458 60200 60200 96133 96133 823904 823904 414701 271324 143377 218178 197213 11683 9282 276895 208666 45426 22803 578954 491246 47056 40652 120971 48125 42805 30041 900601 774517 72048 54036 336471 289365 26918 20188 Maintenance and Repairs 838711 694300 103560 40851 Fellowships and Interns 97040 97040 Hagley Heritage Curator 70702 64100 4905 1697 Collection Acquisitions 57519 57519 5768 5768 11442186 8452439 2260952 728795 3418968 4308467 520481 96806 70969 4255 44987 28767 611285 570942 38824758 22228114 17347606 16596644 149155703 164109389 24630141 33508420 195800140 219223690 678320 830198 150347 123438 1225072 18350 18350 847017 2197058 X 150812009 166950824 44141114 50075808 194953123 217026632 195800140 219223690 2080295 19993214 0 X X 0 1 X 1 0 X 7003159 3893633 1992007 3268374 3079604 19236777 7003159 3893633 1992007 3268374 3079604 19236777 5705419 13531358 4824005 3148471 3857847 2093148 2933281 16856752 36093529 3650322 0.37490 0.34690 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 172526614 81682 30994504 7393845 196208955 156998217 488281 22363060 7322944 172526614 139667593 106388 24317217 7092981 156998217 155203454 82471 -7356090 8262242 139667593 133472815 4838594 24537850 7645805 155203454 0.75750 0.12240 0.12010 0 0 4574168 4574168 26416141 17720046 8696095 4531782 4508068 23714 3302667 3302667 16596644 33508420 F 33508420 Accrued Post Retirement Benefits 18350 18350 32948179 19993214 256388 20249602 12698577 823904 823904 13522481 10874670 256388 256388 10618282 823904 823904 11442186 Part III, Line 1a: Hagley does not capitalize donated collection items or recognize them as revenues or gains. Purchases of collection items are recorded as decreases in net assets without donor restrictions in the year in which the items are acquired or as decreases in net assets with donor restrictions if the assets used to purchase the items are restricted by donors. Proceeds from de-accessions or insurance recoveries are reflected as increases in the appropriate net asset class. Part III, Line 4: The collections are held for public exhibition, education, or research in furtherance of public service rather than financial gain. They are protected, kept unencumbered, cared for, and preserved. The collection maintained by Hagley Library (the "Library") is subject to a policy the requires the sales proceeds of collection items to be used to acquire other items for collections. The collection items maintained by the Hagley Museum (the "Museum") are subject to a policy that requires the proceeds from sales of collection items to be used to acquire other items for collections or for the direct care of the collection. Direct care of the Museum collections includes conservation proposals and treatments on artifacts by outside professional conservators and excludes any work on buildings or facilities owned by the Museum. Part V, Line 4: Hagley has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs supported by its endowment while seeking to maintain the purchasing power of the endowment assets. Endowment assets include those assets of donor-restricted funds that Hagley must hold in perpetuity or for a donor-specified period(s) as well as Board-designated funds. Under this policy, as approved by the Board of Trustees, the endowment assets are invested in a manner that is intended to maintain the level of financial support currently provided while assuming a moderate level of investment risk. Part XI, Line 2d - Other Adjustments: Special Event Expenses Reported on 990 p. 9, Line 8b 206,908. Cost of Goods Sold on 990 p. 9, Line 10b 34,871. Rental Expenses Reported on 990 p. 9, Line 6b 14,609. Part XII, Line 2d - Other Adjustments: Rental Expenses Reported on 990 p. 9, Line 6b 206,908. Special Event Expenses Reported on 990 p. 9, Line 8b 34,871. Cost of Goods Sold on 990 p. 9, Line 10b 14,609. Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, Investment 747925 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium Investment 13415386 0 0 0 0 0 0 14163311 0 14163311 0 0 0 0 0 0 Part III Accounting Method: X X X X X X 1 Lynch Pinnacle Group LLC Bethesda Metro Center Suite 430 Bethesda MD 20814 Fundraising Consulting 0 0 75000 0 75000 DE Fireworks 381175 232114 149061 180447 Craft Fair 34471 34471 2170 4 36989 36989 24291 452635 232114 220521 206908 206908 13613 Schedule G, Part I, Line 2b, Column (v) Lynch Pinnacle is a professional fundraising consultant which is assisting Hagley in implementing several donor development programs. 1 Fellowship & research grants 35 29114 FMV Part I, Line 2: Hagley research grants are awarded through an application and evaluation process. The committee, comprised of Hagley experts and outside scholars, assesses applications 4 times per year. Applicants must demonstrate their research will make important scholarly and academic contributions; potential grant recipients must also make sufficient use of Hagley's research collections. 35 grants were awarded in 2021. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Jill Mackenzie Executive Director 190625 0 0 0 0 0 14030 0 1992 0 206647 0 0 0 Erik Rau Director, Library Services 137234 0 0 0 0 0 10793 0 2670 0 150697 0 0 0 Part I, Line 1a As a condition of employment and for the convenience of the Organization, the Executive Director resides on Hagley's premises. X FASB ASC 958-360-25 X 16 540755 PUBLICLY TRADED VALUE X 148 FASB ASC 958-360-25 0 0 1 0 Part I, Line 33: Hagley does not consider its collection items to be monetary assets and therefore (following FASB and AAM guidance) does not record a monetary value with their receipt. Form 990, Part VI, Section A, line 2 Some Trustees have a common family relationship. Form 990, Part VI, Section B, line 11b Draft versions of the Form 990 are distributed to all members of the Board prior to filing. Form 990, Part VI, Section B, line 12c Each Trustee must complete a Conflict of Interest Policy Disclosure Statement annually. Board members are required to acknowledge a potential conflict to the Board prior to entering into a transaction with Hagley. 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 President of the Board. The President then brings the potential conflict to the Board for discussion when deemed possibly material. Form 990, Part VI, Section B, line 15 The Executive Director gathers local salary data as well as national salary survey data every other year in order to establish current market values for Hagley's salaried positions. The collected survey data supports a salary structure that aligns every position within a salary range. The Executive Director works with the Organization and Compensation Committee under the Board of Trustees in order to ensure that the proper appraisal systems and compensation and benefits philosophies approved by the Committee are adhered to by management. Form 990, Part VI, Section C, line 19 There currently exists no legal requirement to make governing documents, conflict of interest policies or audited financial statements publicly available. Hagley has never received a request for information of this type. If any requests for this information should be received, they would be evaluated by the Trustees on a case by case basis. In general, the Trustees believe that the information available on this form (the Form 990) would be more than sufficient to respond to most legitimate inquiries. Form 990, Part XI, Line 2c: The Audit and Finance Committee assumes oversight of the financial statements and the selection of the independent auditors.