2020-11-12T14:30:42-06:00 2019-12-31 510232475 Cover & Rossiter PA 2711 Centerville Road Suite 100 Wilmington DE 19808 990 2019-01-01 510070531 Eleutherian Mills-Hagley Foundation Inc ELEU 3026582400 PO Box 3630 Wilmington DE 198070630 Karen R Cronin Chief Financial Officer 3026582400 2020-11-12 1 Peter Kennedy P00571422 3026566632 2020-08-06 65.246.4.114 2020-11-12 10:24:19 ES P 02E86CC2633BD0BE28F2AC78BA34CC8BA2F07E8C B8FFF0A087E4DCE0C219760E25FCC5B60C7E7C95 2019 2021-01-29 14:40:06Z Jill MacKenzie PO Box 3630 Wilmington DE 198070630 23410091 0 X www.hagley.org X 1952 DE Hagley Museum and Library collects, preserves, and interprets the unfolding history of American enterprise. 15 15 206 265 0 4682 3893633 1992007 270142 390467 11467588 5321335 292976 83251 15924339 7787060 32529 55666 0 0 6460079 6799208 210025 321290 860563 4570662 4734592 11273295 11910756 4651044 -4123696 163441222 179785373 395518 665235 163045704 179120138 At Hagley, we invite people of all ages to investigate and experience the unfolding history of American business, technology, and innovation, and its impact on the world, from our home at the historic DuPont powder yards on the banks of the Brandywine. 0 0 4755768 0 393848 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. 4201090 55666 33820 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. 8956858 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 50 0 1 206 1 1 1 1 UK 0 0 0 0 0 0 0 0 0 0 X 15 15 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/Trustee 3.00 X X 0 0 0 Carol A Ammon Vice-President/Trustee 1.00 X X 0 0 0 Augustus I du Pont Treasurer/Trustee 1.00 X X 0 0 0 Ann C Rose Secretary/Trustee 1.00 X X 0 0 0 Edward J Bassett CFA Trustee 1.00 X 0 0 0 E Matthew Brown Trustee 1.00 X 0 0 0 Mati Bonetti de Buccini Trustee 1.00 X 0 0 0 Marc Doyle Trustee 1.00 X 0 0 0 Charles M Elson Trustee 1.00 X 0 0 0 William J Farrell II Trustee 1.00 X 0 0 0 Margaret B W Graham PhD 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 John S Wellons Trustee 1.00 X 0 0 0 David Cole Executive Director 40.00 X 222249 0 39990 Marjorie P Kelly Assistant Secretary 40.00 X 50160 0 12784 Karen Cronin CFO; Asst Treasurer 40.00 X 116393 0 17461 Erik Rau Director, Library Services 40.00 X 132498 0 18319 Jill Mackenzie Director of Museum & Audie 40.00 X 118286 0 17066 639586 0 105620 5 0 1 0 HCC Life Insurance Company 13403 Northwest Freeway Houston TX 77040 Insurance Broker 370636 Lyons Companies 501 Carr Rd Suite 301 Wilmington DE 19809 Insurance Broker 369374 Lynch Pinnacle Group LLC 5425 Wisconsin Ave Chevy Chase MD 20815 Fundraising Consulting 321290 Robert Peter Gerber dba Gerber Masonry 101 Fallon Ave Wilmington DE 19804 Masonry 167200 Cambridge Associates LLC 4100 North Fairfax Drive Ste 1300 Arlington VA 22203 Investment Management 167028 18 236150 54990 1700867 1992007 Admissions 900099 390467 390467 390467 3857847 3857847 158519 20432 138087 138087 138087 16671880 15208392 1463488 1463488 1463488 236887 236150 328924 -92037 -92037 68664 65283 3381 3381 Miscellaneous Visitor & Photocopy 900099 33820 33820 33820 7787060 427668 0 5367385 55666 55666 745206 643408 68700 33098 4549407 3933733 418891 196783 286532 245185 26619 14728 844548 722661 78420 43467 373515 289328 71627 12560 23259 23259 58500 58500 321290 321290 832960 832960 135401 86062 49339 268608 243457 6346 18805 320119 164041 136561 19517 718118 619325 55265 43528 248959 130940 71774 46245 940402 808746 75232 56424 362487 311739 28999 21749 Maintenance and Repairs 664667 543244 89073 32350 Collection Acquisitions 60510 60510 Preservation Projects 50058 50058 Fellowships and Interns 28848 28848 21696 19907 1770 19 11910756 8956858 2093335 860563 1507296 700148 1528300 957550 8974 52928 90304 50824 527990 552081 39091894 22520032 16321531 16571862 124884455 143778681 18572372 16821299 0 300000 163441222 179785373 289325 525770 87843 121115 18350 18350 395518 665235 X 123825635 137054847 39220069 42065291 163045704 179120138 163441222 179785373 -4123696 20198130 0 X X 0 1 X 1 0 X 2286248 1624026 7003159 3893633 1992007 16799073 2286248 1624026 7003159 3893633 1992007 16799073 5179720 11619353 4690174 5538486 4824005 3148471 3857847 22058983 38858056 4695778 0.29900 0.28740 X The Eleutherian Mills-Hagley Foundation ("Hagley"), a nonstock, not-for-profit educational corporation was incorporated in the State of Delaware on November 3, 1952. Donations of property made at that time and subsequently by eight different donors totaling approximately 235 acres.The Eleutherian Mills-Hagley Foundation gave notice of intent to terminate Private Foundation status under section 507(b)(1)(B) for a sixty-month period beginning January 1, 1975 through December 31, 1980. Notification was received from the Internal Revenue Service on June 5, 1980 that Hagley had been classified as an organization described in Section 509 (a)(1) and 170(b)(1)(A)(vi), under the "facts and circumstances" test.Hagley's property has been an industrial site since at least the beginning of the nineteenth century, and contains approximately 85 buildings and 93 site structures of varying size and condition of repair, relating to industrial and residential life of the 19th and early 20th centuries. The Hagley Museum and Library was opened to the public in 1957 and since that time visitation has exceeded 5,000,000. It is presently open to the public 363 days a year. Hagley Museum holds 60,000 objects, including a large collection of U.S. patent models, early American furniture and textiles, and a major collection of advertising art. Museum programs include special tours for school groups conducted by a corps of professionally trained guides. The Library at Hagley traces its origins to the old Longwood Library that was established by Pierre S. du Pont in 1954. In 1961 it merged with the Hagley Museum and moved its present site on the banks of the Brandywine. Today its research collections hold the archives of more than 1,000 businesses in more than 38,000 linear feet of manuscript records, more than 290,000 published sources, more than 2 million audiovisual items, and more than 320,000 digital artifacts which preserve an invaluable record of American business, technological, and social development. Hagley's main strength is in the Middle Atlantic region, but in recent years the scope of its collecting has broadened to include records of and works about business organizations and companies with national impact. The Library's national stature was recognized in 1985, when it was granted membership in the Independent Research Libraries Association (IRLA).The Center for the History of Business, Technology, and Society, a department of the Library, was founded in 1975 to encourage and coordinate research in Hagley's areas of research and collecting interests. The Center sponsors conferences, colloquia, and seminars and it issues publications. Since 1977 it has awarded competitive research fellowships to more than 700 scholars from around the world. The BHOC continues a beneficial relationship with the University of Delaware. Since 2015, a "Hagley Does History!" course has been offered through the University of Delaware's Osher Lifelong Learning Institute to enrollees of all ages. Hagley's principal support has historically come from endowments. Since 1978, with the formal creation of a development office, Hagley has increased its fund-raising activities to include the active solicitation of individuals, corporations, foundations, as well as state and federal government agencies. The planning and coordination of all fund-raising programs for endowment operations and special projects are now centralized.A general membership program known as "Hagley Associates" was formed in 1975 to encourage further community support for Hagley. The number of Hagley Associates' memberships for 2019 totaled approximately 3,000.A business membership program, known as "Corporate Associates", was formed in 1982. One of the benefits of being a corporate member is being able to rent Hagley's rooms and facilities for business meetings. The number of corporate associates for 2019 totaled approximately 100. The Foundation is governed by a board of fourteen trustees including not only leaders in the local community, but also specialists in several fields pertinent to Museum and Library operations. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 139667593 106388 24317217 7092981 156998217 155203454 82471 -7356090 8262242 139667593 133472815 4838594 24537850 7645805 155203454 133255238 130630 8256766 8169819 133472815 140314489 125389 -163325 7021315 133255238 0.75650 0.15170 0.09180 0 0 1419399 1419399 28550902 17782539 10768363 8068886 4737493 3331393 1052707 1052707 16571862 16821299 F 16821299 Accrued Post Retirement Benefits 18350 18350 27566869 20198130 414639 20612769 6954100 832960 832960 7787060 11492435 414639 414639 11077796 832960 832960 11910756 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, and are subject to a policy that requires the proceeds from sales of collection items to be used to acquire other items for collections. 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 328,924. Cost of Goods Sold on 990 p. 9, Line 10b 65,283. Rental Expenses Reported on 990 p. 9, Line 6b 20,432. Part XII, Line 2d - Other Adjustments: Rental Expenses Reported on 990 p. 9, Line 6b 20,432. Special Event Expenses Reported on 990 p. 9, Line 8b 328,924. Cost of Goods Sold on 990 p. 9, Line 10b 65,283. Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 Investment 1087116 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 0 Investment 9205390 0 0 0 0 0 0 10292506 0 10292506 1 0 0 0 1 0 Part III Accounting Method: X X X X X X 1 Lynch Pinnacle Group LLC 5425 Wisconsin Ave Chevy Chase MD 20815 Fundraising Consulting 0 0 321290 0 321290 DE Fireworks 273014 136521 136493 1480 26136 186990 Car Show 69439 34723 34716 4723 750 18361 5 130584 64906 65678 1913 36486 52085 473037 236150 236887 8116 63372 257436 328924 -92037 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 41 55666 0 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. 41 grants were awarded in 2019. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 David Cole Executive Director 219204 0 0 0 3045 0 15750 0 24240 0 262239 0 0 0 Erik Rau Director, Library Services 132498 0 0 0 0 0 9446 0 8873 0 150817 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 7 112664 PUBLICLY TRADED VALUE X 402 FASB ASC 958-360-25 2 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 Director 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 Directors 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.