2020-02-17T08:44:55-06:00 2019-06-30 221478099 COHNREZNICK LLP 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2018-07-01 060653111 WADSWORTH ATHENEUM MUSEUM OF ART WADS 8602782670 600 MAIN STREET HARTFORD CT 06103 CINDY MARTINEZ CFO 8602782670 2020-02-14 1 PATRICIA MCGOWAN P00184514 9592007000 2020-02-14 209.59.242.22 2020-02-14 13:04:30 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 3A16AF227DFFBEB6A54D665AEE301AB9EC7A606C 2018 2020-09-23 17:36:50Z THOMAS LOUGHMAN 600 MAIN STREET HARTFORD CT 06103 24708926 0 X WWW.WADSWORTHATHENEUM.ORG X 1842 CT FINE ART MUSEUM 30 30 89 250 4047 0 17316499 4641293 1003742 1093012 5701806 3325983 575322 227648 24597369 9287936 0 0 0 0 3981347 3974751 0 0 572788 9443139 8576182 13424486 12550933 11172883 -3262997 149369853 147003824 2566555 2275407 146803298 144728417 X HOLDING ITS COLLECTION IN TRUST FOR ALL PEOPLE, THE WADSWORTH ATHENEUM IS DEDICATED TO ADVANCING AND INSPIRING EVERYONE TO EXPERIENCE AND APPRECIATE EXCELLENCE IN ART AND CULTURE. 0 0 7206367 346750 CURATING AND CURATORIAL RESEARCH FY2019THE CURATORIAL DIVISION CARES FOR, RESEARCHES, AND DISPLAYS THE MUSEUM'S COLLECTION OF ART. THESE INCLUDE PAINTINGS, SCULPTURES, DECORATIVE ARTS (FURNITURE, GLASS, CERAMICS, AND METALWORK), WORKS ON PAPER, COSTUMES AND TEXTILES, AND VIDEOS, RANGING IN DATE FROM ANTIQUITY TO CONTEMPORARY AND INCLUDING WORKS FROM MOST CONTINENTS. THE CURATORIAL DIVISION IS ALSO RESPONSIBLE FOR CURATING THE EXHIBITION PROGRAM FOR THE MUSEUM, WHICH IN FY2019 COMPRISED THE FOLLOWING:HERBERT FERBER: SPACE IN TENSION, JANUARY 27-JULY 29, 2018; FREDERIC CHURCH: A PAINTER'S PILGRIMAGE, JUNE 2-AUGUST 26, 2018; CONRAD SHAWCROSS/MATRIX 179; JUNE 21-OCTOBER 21, 2018; BOUKE DE VRIES/MATRIX 180, OCTOBER 4, 2018-JANUARY 6, 2019; MONSTERS & MYTHS SURREALISM AND WAR IN THE 1930S AND 1940S, OCTOBER 20, 2018-JANUARY 13, 2019; EMILY MAE SMITH/MATRIX 181, FEBRUARY 7-MAY 5, 2019; SEAN SCULLY: LANDLINE, FEBRUARY 23-MAY 19, 2019; TOM BURR/MATRIX 182: HINGED FIGURES, JUNE 6-SEPTEMBER 8, 2019; BE SEEN: PORTRAIT PHOTOGRAPHY SINCE STONEWALL, JUNE 22-SEPTEMBER 15, 2019; GIORGIONE'S LA VECCHIA, MAY 15-AUGUST 4, 2019.PERMANENT COLLECTION INSTALLATIONS INCLUDED: DESIGN IN THE AMERICAN HOME 1650 TO 1850, DECEMBER 22, 2018-MAY 2020; FINE PRINTS AND DRAWINGS BY REMBRANDT AND HIS CONTEMPORARIES, MARCH 10-JULY 15, 2018; SURREALISTS, AUGUST 11-SEPTEMBER 30, 2018; AMERICAN MODERNS IN WATERCOLOR: EDWARD HOPPER AND HIS CONTEMPORARIES, DECEMBER 22, 2018-MARCH 17, 2019; NATURE THROUGH THEIR EYES: AMERICAN MODERNS ON PAPER, MARCH 23-JUNE 23, 2019; BED FURNISHINGS IN EARLY AMERICA: AN INTIMATE LOOK, SEPTEMBER 29, 2018-JANUARY 27, 2019.INDOOR AND OUTDOOR SCULPTURE INSTALLATIONS INCLUDED:SEAN SCULLY (AMERICAN, BORN IRELAND, 1945). 30, 2018. ALUMINUM AND AUTOMOTIVE PAINT. COURTESY OF THE ARTISTCONRAD SHAWCROSS (ENGLISH, BORN 1977). MONOLITH (OPTIC), 2016. GALVANIZED STEEL AND STAINLESS STEEL. PRIVATE COLLECTIONAI WEIWEI (CHINESE, BORN 1957). GRAPES, 2015. 26 WOODEN STOOLS FROM THE QING DYNASTY (16441911). PRIVATE COLLECTIONANTONY GORMLEY (ENGLISH, BORN 1950). BIG CRIB, 2014. CAST IRON. PRIVATE COLLECTIONYAYOI KUSAMA (JAPANESE, BORN 1929). PUMPKIN, 2018. PAINTED BRONZE. PRIVATE COLLECTIONCURATORIAL RESEARCH RESULTED IN THE FOLLOWING PUBLICATIONS: PATRICIA HICKSON,. "LAND SEA SKY." IN SEAN SCULLY: LANDLINE, EDITED BY STPHANE AQUIN, 915. WASHINGTON, DC: HIRSHHORN MUSEUM AND SCULPTURE GARDEN IN ASSOCIATION WITH SMITHSONIAN BOOKS, 2018.ERIN MONROE IN CONVERSATION WITH SARAH BAKER, "A CLOSER LOOK AT FLORINE STETTHEIMER'S BEAUTY CONTEST: TO THE MEMORY OF P.T. BARNUM," IN COLUMN: CURATOR'S EYE, ART NEW ENGLAND, JULY/AUGUST 2018, P.18.OLIVER TOSTMANN, "SOROLLA'S PAINTERLY STYLE AFTER 1900," SOROLLA. SPANISH MASTER OF LIGHT, ED. BY CHRISTOPHER RIOPELLE, THE NATIONAL GALLERY, LONDON; THE NATIONAL GALLERY OF IRELAND, DUBLIN, LONDON 2019, PP. 48-61.OLIVER TOSTMANN, "THE SURREALISTS AND THEIR MONSTERS IN A TIME OF DISTRESS," MONSTERS & MYTHS. SURREALISM AND WAR IN THE 1930S AND 1940S, ED. BY OLIVER SHELL AND OLIVER TOSTMANN, WADSWORTH ATHENEUM MUSEUM OF ART AND BALTIMORE MUSEUM OF ART, NEW YORK 2018, PP. 19-46.VANESSA SIGALAS, THE WHOLE (NEW) WORLD IN A CUP: THE ATHENEUM'S NARWHAL-AND-IVORY CUP, IN: KUNSTTEXTE.DE, NO. 4, 2018 (23 PAGES), WWW.KUNSTTEXTE.DE.VANESSA SIGALAS, VON PERMOSER ZU KAENDLER. "ELFENBEINKNSTLER UND PORZELLANMODELLEURE IM DIALOG", IN AUGEN-BLICKE BAROCKE ELFENBEINKUNST IM DIALOG DER KNSTE, ED. JUTTA KAPPEL, EXH. CAT. (DRESDEN: SANDSTEIN VERLAG, 2018), 1940.VANESSA SIGALAS AND EVA WOLLSCHLGER, "MADE IN GERMANY! HISTORICISM AND JUGENDSTIL PORCELAIN FROM THE BERLIN PORCELAIN MANUFACTORY (KPM) AND ITS EXPORT TO AMERICA", IN ACC JOURNAL XX, 2019, 145173.THE MUSEUM CURATORS, WORKING WITH THE REGISTRARS, ALSO ENGAGE IN A SIGNIFICANT LOAN PROGRAM, LENDING OBJECTS IN THE COLLECTION TO IMPORTANT AND INNOVATIVE EXHIBITIONS. IN FY2019, FORTY-NINE (49) WORKS OF ART WERE APPROVED FOR LOANS TO FORTY-FIVE (45) INSTITUTIONS IN THE NORTH AMERICA AND EUROPE. FINALLY, CURATORS, THROUGH PURCHASES, GIFTS, AND BEQUESTS ACQUIRED EIGHTY-ONE (81) WORKS OF ART FOR THE COLLECTION, INCLUDING: SIX (6) PIECES OF AMERICAN DECORATIVE ARTS; SEVEN (7) PIECES OF AMERICAN SILVER; ONE (1) PIECE OF AMERICAN FURNITURE; SEVEN (7) CONTEMPORARY PAINTINGS; EIGHT (8) CONTEMPORARY PRINTS; EIGHTEEN (18) PHOTOGRAPHS; SIX (6) CONTEMPORARY SCULPTURES; ELEVEN (11) COSTUMES; ELEVEN (11) TEXTILES; ONE (1) EUROPEAN DRAWING; TWO (2) EUROPEAN PAINTINGS; AND THREE (3) EUROPEAN DECORATIVE ARTS OBJECTS. 992167 196315 EDUCATION AND VISITOR SERVICESTHE EDUCATION DEPARTMENT AT THE WADSWORTH ATHENEUM MUSEUM OF ART PROVIDES LEARNING AND ENGAGEMENT OPPORTUNITIES FOR ALL AUDIENCES. PROGRAMS FOR FAMILIES, PREK-12 AND COLLEGE STUDENTS, EDUCATORS, AND FOR OUR BROADER PUBLIC ACTIVATE OUR COLLECTIONS AND SPECIAL EXHIBITIONS AND ENCOURAGE VISITOR CONNECTIONS WITH ART'S HISTORY AND CONTEMPORARY MEANING. THE DEPARTMENT WORKS CLOSELY WITH CURATORIAL, MARKETING AND DEVELOPMENT ON INTERPRETIVE PROJECTS, EVALUATION EFFORTS FOR PROGRAMS AND EXHIBITIONS, AND FUNDRAISING. ADULT-CENTERED PROGRAMS TAKE MANY SHAPES, INCLUDING GALLERY TALKS, COURSES, DEMONSTRATIONS, DANCE AND MUSIC PERFORMANCES, PANEL DISCUSSIONS AND EVENTS THAT INCLUDE SOCIAL INTERACTION AROUND ART. MAJOR ADULT PROGRAMS IN FY19 INCLUDED A SERIES OF LECTURES SUPPORTING THE EXHIBITION MONSTERS AND MYTHS: SURREALISM AND WAR IN THE 1930S AND 1940S, OUR ONGOING CHAMBER CONCERT SERIES WITH THE HARTFORD SYMPHONY WITH MUSIC INSPIRED BY SPECIAL EXHIBITIONS, AND THE ANNUAL EMILY HALL TREMAINE LECTURE IN CONTEMPORARY ART, THIS YEAR BY FORMER MATRIX ARTIST ANDREA FRASER. PROGRAMS LIKE MUSEUM ON THE MOVE, COMMUNITY DAYS, AND SECOND SATURDAYS FOR FAMILIES REACH AN EVOLVING DEMOGRAPHIC AND DEEPEN THE MUSEUM'S RELATIONSHIP WITH FAMILIES, SCHOOLS, AND THE HARTFORD COMMUNITY. IN FY19, OVER 6,600 VISITORS PARTICIPATED IN YOUTH AND COMMUNITY PROGRAMS, AND NEARLY 12,500 IN SCHOOL AND TEACHER PROGRAMS. THE SCHOOL PROGRAM AREA IS POISED TO LAUNCH A NEW CURRICULUM AS AN EXPANSION OF OUR ART AND LITERACY OFFERINGS. THE NEW ART & WRITING PROGRAM FOR GRADES 6-8 COMBINES CLASSROOM INSTRUCTION WITH A MUSEUM TOUR WITH THE GOAL OF SUPPLEMENTING MIDDLE-SCHOOL CLASSROOM CURRICULA WITH AN ARTS INTEGRATION COMPONENT. MUCH OF OUR DEPARTMENT'S WORK DEPENDS ON AN ACTIVE AND WELL-TRAINED DOCENT COUNCIL. EIGHTY-EIGHT DOCENTS TOURED OVER 19,000 VISITORS IN FY19. SPECIAL FUNDING FROM FRAME (FRENCH AMERICAN MUSEUM EXCHANGE) LAST YEAR SUPPORTED THE DEVELOPMENT OF AN ART AND EMPATHY CURRICULUM FOR YOUTH-SERVING ORGANIZATIONS. USING ART AS AN INSTRUMENT TO TEACH EMPATHY, FOSTER SOCIAL MINDFULNESS AND COMPASSION, AND FORM A GATEWAY TO CULTURAL UNDERSTANDING, THE PROGRAM PROVED SUCCESSFUL AT INTRODUCING THE MUSEUM ENVIRONMENT AS A SPACE FOR EMPATHIC LEARNING. THE DEPARTMENT DEVELOPS DIGITAL INTERPRETIVE CONTENT, CREATING AUDIO TOURS FOR MAJOR EXHIBITIONS AS WELL AS FOR THE COLLECTION. IN FY19, THE MUSEUM COMPLETED PRODUCTION OF VIDEO CONTENT IN PARTNERSHIP WITH SMARTHISTORY'S SEEING AMERICA PROJECT. OBJECTS FROM BOTH THE WADSWORTH ATHENEUM AND THE AMISTAD CENTER FOR ART & CULTURE WERE CHOSEN FOR INCLUSION ON AN INTERNET PLATFORM DESIGNED TO TEACH AMERICAN HISTORY THROUGH MATERIAL CULTURE. ACADEMIC PROGRAMS INVOLVE STUDENTS AND PROFESSORS IN THE LIFE OF THE MUSEUM. TWENTY-TWO INTERNS FROM 11 UNIVERSITIES WERE PLACED IN SIX DEPARTMENTS TO ENGAGE IN PROJECT-BASED PLACEMENTS WITH PROFESSIONAL MENTORS. THE UNIVERSITY OF CONNECTICUT'S MFA IN ARTS ADMINISTRATION WILL BE HOUSED WITHIN THE MUSEUM IN THE COMING YEAR, OFFERING NEW POSSIBILITIES FOR ENGAGEMENT WITH THE COHORT OF A DOZEN GRADUATE STUDENTS AND TWO DEDICATED FACULTY. THE ENCOUNTERS SERIES IN PARTNERSHIP WITH THE HARTFORD PUBLIC LIBRARY AND THE UCONN HUMANITIES INSTITUTE DREW 67 FACULTY, STUDENTS, AND GENERAL PUBLIC FOR CONVERSATIONS AT THE MUSEUM AROUND TOPICAL ISSUES. THE VISITOR SERVICES DEPARTMENT WELCOMES AND ORIENTS ALL VISITORS TO THE MUSEUM. THE TEAM TAKES THE LEAD ON SURVEYING AUDIENCES, MANAGING THE MUSEUM'S ROBUST VOLUNTEER PROGRAM THAT PLACES VOLUNTEERS THROUGHOUT THE MUSEUM FOR DEPARTMENT AND PROGRAM SUPPORT, AND REGISTERING HARTFORD RESIDENTS FOR FREE ADMISSION THROUGH WADSWORTH WELCOME. MOREA THAN 4,200 PEOPLE WHO SPEAK 53 LANGUAGES IN THEIR HOMES HAVE REGISTERED FOR WADSWORTH WELCOME SINCE IT WAS BEGUN IN 2016. 1981828 706606 OTHER PROGRAM EXPENSES: OTHER PROGRAM EXPENSES INCLUDE MARKETING, PUBLIC RELATIONS, MEMBERSHIP, MUSEUM SHOP, THEATER, CAFE AND OTHER MISCELLANEOUS. 10180362 1 1 0 0 0 0 1 1 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 87 0 1 89 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 30 30 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CT NY X CINDY MARTINEZ 8608384065 600 MAIN STREET HARTFORD CT 06103 ALISON D DAVIS TRUSTEE 1.00 X 0 0 0 BARBARA G WARD TRUSTEE 1.00 X 0 0 0 BRION S JOHNSON TRUSTEE 1.00 X 0 0 0 CAROL L COVELLO TRUSTEE 1.00 X 0 0 0 CHERYL A CHASE VICE PRESIDENT 1.00 X X 0 0 0 DAVID W DANGREMOND OUTGOING TRUSTEE 1.00 X 0 0 0 DAVID G JEPSON TRUSTEE 1.00 X 0 0 0 DUFFIELD ASHMEAD IV VICE PRESIDENT 1.00 X X 0 0 0 EILEEN S POLLACK TRUSTEE 1.00 X 0 0 0 EMILIE DE BRIGARD ASST SECRETARY 1.00 X X 0 0 0 ESTHER A PRYOR OUTGOING SECRETARY 1.00 X X 0 0 0 FILOMENIA M SOYSTER TRUSTEE 1.00 X 0 0 0 FREDERICK C COPELAND JR TREASURER 1.00 X X 0 0 0 GERARD LUPACCHINO TRUSTEE 1.00 X 0 0 0 HALSEY COOK TRUSTEE 1.00 X 0 0 0 HENRY R MARTIN PAST PRESIDENT 1.00 X X 0 0 0 HENRY M ZACHS TRUSTEE 1.00 X 0 0 0 HY J SCHWARTZ VICE PRESIDENT 1.00 X X 0 0 0 JEAN-PIERRE VAN ROOY TRUSTEE 1.00 X 0 0 0 JEFFREY N BROWN TRUSTEE 1.00 X 0 0 0 JEFFREY G MARSTED TRUSTEE 1.00 X 0 0 0 LAURA HARRIS TRUSTEE 1.00 X 0 0 0 MALLY COX CHAPMAN TRUSTEE 1.00 X 0 0 0 MARTA BENTHAM TRUSTEE 1.00 X 0 0 0 MARY PESCATELLO MELVIN TRUSTEE 1.00 X 0 0 0 MATTHEW A SCHAEFER TRUSTEE 1.00 X 0 0 0 MERRILL F MANDELL TRUSTEE 1.00 X 0 0 0 MICHAEL F KLEIN TRUSTEE 1.00 X 0 0 0 SAMUEL R PETERSON TRUSTEE 1.00 X 0 0 0 SUSAN R CHANDLER OUTGOING TRUSTEE 1.00 X 0 0 0 TIMOTHY MCLAUGLIN TRUSTEE 1.00 X 0 0 0 WILLIAM R PEELLE JR PRESIDENT 1.00 X X 0 0 0 YVETTE MELENDEZ TRUSTEE 1.00 X 0 0 0 CYNTHIA MARTINEZ CHIEF FINANCIAL OFFICER 35.00 X 113133 0 45322 THOMAS LOUGHMAN DIRECTOR AND CEO 35.00 X 333759 0 36105 GRANT S SMITH DIRECTOR OF DEVELOPMENT 35.00 X 103313 0 452 550205 0 81879 3 0 1 0 SECURITAS SECURITY SERVICES USA INC PO BOX 403412 ATLANTA GA 30384 SECURITY 989973 REPUBLIC MILL RESTAURANT GROUP 22 SCHWIER RD SOUTH WINDSOR CT 06074 CATERING 282243 NANCY D HARVIN 14 CONZ STREET 1 NORTHHAMPTON MA 01060 CONSULTANT 161446 GUENTHER CONSTRUCTION LLX 55 JACQUELINE DRIVE BRISTOL CT 06010 CONSTRUCTION 154546 CREST MECHANICAL SERVICES INC 1841 BROAD STREET HARTFORD CT 061340683 HVAC/ELECTRICAL SERVICES 138369 6 330252 70000 343737 3897304 158867 4641293 AUXILIARY AND OTHER ACTIVITIES 453220 449616 445569 4047 EXHIBITION AND OTHER FEES 900099 338016 338016 ADMISSION REVENUE 900099 305380 305380 1093012 1598215 1598215 16827420 52 15099704 0 1727716 52 1727768 1727768 291929 70000 224987 66942 66942 257005 96299 160706 160706 9287936 1249671 4047 3392925 481151 331892 121163 28096 2844313 1939261 732845 172207 78790 59689 15939 3162 298914 237032 58125 3757 271583 195156 57286 19141 32406 32406 64685 64685 630866 630866 947050 529561 203576 213913 236640 234959 1681 293977 258951 21562 13464 164671 157269 6584 818 1083303 906294 173188 3821 179125 119450 54974 4701 98453 94907 2268 1278 35246 35246 1957703 1869701 78274 9728 SECURITY 986621 932721 35168 18732 PURCHASE OF ART 814264 814264 SERVICE EXPENSES 565885 506893 55166 3826 EVENT EXPENSES 353230 252910 46525 53795 132057 108586 1122 22349 12550933 10180362 1797783 572788 3353852 686732 437411 1577857 1915268 2026134 118570 215235 190178 196376 48698935 22809805 27521646 25889130 51974945 54498309 59559654 57441798 4298329 4472253 149369853 147003824 489571 566480 51366 74577 2025618 1634350 2566555 2275407 X 40883688 37916119 68686058 58490278 37233552 48322020 146803298 144728417 149369853 147003824 X -3262997 1340758 -152642 X X 0 1 X 1 0 X 16399574 4275730 3556184 17316499 4641293 46189280 16399574 4275730 3556184 17316499 4641293 46189280 11357307 34831973 2084793 1931267 1319410 1529259 1598216 8462945 10403 11898 6066 4047 32414 493818 97350 391457 678176 291929 1952730 56637369 6903930 0.61500 0.55360 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SPECIAL EVENTS - 2014 AMOUNT: $ 478,612. 2015 AMOUNT: $ 36,331. 2016 AMOUNT: $ 391,457. 2017 AMOUNT: $ 383,176. 2018 AMOUNT: $ 291,929. MISCELLANEOUS REVENUE - 2014 AMOUNT: $ 15,206. 2015 AMOUNT: $ 61,019. 2017 AMOUNT: $ 295,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 0 X X X X X EDUCATION 1 88568024 35000 3927915 5645931 86885008 83112673 5627268 5304133 5476050 88568024 91763433 709133 11757117 5166983 15950027 83112673 97792771 748797 -1730761 5047374 91763433 100786375 555671 1448959 4998234 97792771 0.14300 0.40800 0.44900 1 0 44567894 20211944 24355950 4131041 2597861 1533180 25889130 DEBT SECURITIES 27420446 F TRUST FOR THE MUSEUM'S BENEFIT 13400777 F SHORT TERM INVESTMENTS 16620575 F 57441798 X 10174024 1340758 7552 -152642 1195668 8978356 630866 -321286 309580 9287936 12248905 7552 321286 328838 11920067 630866 630866 12550933 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. 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 V, LINE 1F - ADMINISTRATIVE EXPENSES: ADMINISTRATIVE EXPENSES REFLECT AN ADJUSTMENT FOR THE ADOPTION OF PRONOUNCEMENT ASU 2016-14. PART X, LINE 2: THE MUSEUM FILES FEDERAL AND STATE OF CONNECTICUT INCOME TAX RETURNS FOR UNRELATED BUSINESS INCOME, WHICH REPRESENT THE MAJOR TAX JURISDICTIONS OF THE MUSEUM. FEDERAL AND STATE TAX YEARS 2015 THROUGH 2017 REMAIN OPEN FOR AUDIT UNDER THE VARIOUS STATUTES OF LIMITATIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE VALUE OF INVESTMENTS HELD IN TRUST BY OTHERS -152,642. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOOD SOLD -96,299. FUNDRAISING EXPENSES -224,987. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 96,299. FUNDRAISING EXPENSES 224,987. GALA 361929 70000 291929 64441 160546 361929 70000 291929 64441 160546 224987 66942 1 X X X X X 0 0 0 0 0 0 0 1 0 CYNTHIA MARTINEZ CHIEF FINANCIAL OFFICER 112746 0 0 0 387 0 6461 0 38861 0 158455 0 0 0 THOMAS LOUGHMAN DIRECTOR AND CEO 298579 0 35000 0 180 0 20870 0 15235 0 369864 0 0 0 PART I, LINE 7 THE CEO RECEIVED A BOARD APPROVED BONUS OF $35,000 WHICH WAS INCLUDED IN HIS 2018 W2. A CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 060806186 2013-01-15 3661206 ACQUIRED AND INSTALLED HEAT/COOLING PLANT AND HVAC MECHANICAL UNITS 0 0 0 A 2026856 3661206 42942 3618264 2014 0 0 0 1 A 0 0 0 0 0 0 0 A 0 1 0 1 0 0 0 0 0 A 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 12/10/2014 X 1750 FMV X 12 138959 FMV X ART SUPPLIES 1 14251 X OTHER 7 3907 0 0 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN B REPRESENTS NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 7A THE MUSEUM HAS A BOARD OF ELECTORS WHO ELECTS THEIR SUCCESSORS AND THE TRUSTEES AT THE ANNUAL MEETING OF ELECTORS. 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 EMPLOYEE IS REQUIRED TO COMPLETE AND SUBMIT A WRITTEN CONFLICT OF INTEREST FORM WHICH DISCLOSES ALL INTERESTS. THE DEPUTY DIRECTOR OF ADMINISTRATION RECEIVES AND REVIEWS ALL SUBMISSIONS AND DETERMINES IF ANY DISCLOSURES POSE A CONFLICT. CONFLICTS ARE BROUGHT TO MANAGEMENT'S ATTENTION AND, IF NECESSARY, THE AUDIT COMMITTEE WOULD BE NOTIFIED. ALL BOARD OF TRUSTEES MEMBERS ARE REQUIRED TO COMPLETE AND SUBMIT A WRITTEN CONFLICT OF INTEREST STATEMENT TO THE OFFICE OF THE CEO/DIRECTOR. IF THE OFFICE OF THE CEO/DIRECTOR DETERMINES THAT ANY DISCLOSURES MAY POSE A CONFLICT, THE PRESIDENT OF THE BOARD IS THEN 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 EMPLOYMENT AGREEMENT 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, ONE OF WHICH IS THE BOARD PRESIDENT, WHO ALSO CHAIRS THE COMMITTEE. 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 DEPUTY DIRECTOR OF ADMINISTRATION 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 DISTRIBUTED AT THE MUSEUM'S ANNUAL MEETING, 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 VALUE OF INVESTMENTS HELD IN TRUST BY OTHERS -152,642. FORM 990 PART XII LINE 2C THERE HAVE BEEN NO CHANGES MADE TO THE ORGANIZATION'S OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR.