2019-07-12T08:46:31-05:00 2018-09-30 141918990 TEMPLETON & COMPANY LLP 222 LAKEVIEW AVENUE SUITE 1200 WEST PALM BEACH FL 33401 990 2017-10-01 590624432 NORTON MUSEUM OF ART INC NORT 5618325196 1450 S DIXIE HIGHWAY WEST PALM BEACH FL 33401 JOHN SAFRANEK CHIEF FINANCIAL OFFICER 5618325196 2019-07-12 1 WALTER G MAXWELL P00186333 5617989988 12.10.57.174 2019-07-12 09:44:06 ED P 8BBDDDDCC6450596D4CFBC66E710CF82D0DCDD2D 8F57EE96C61F85B89BDFA168F1A3A817C2AAB158 2017 2019-02-21 02:37:17Z JOHN SAFRANEK 1450 S DIXIE HIGHWAY WEST PALM BEACH FL 33401 54365081 0 X WWW.NORTON.ORG X 1941 FL SEE SCHEDULE O FOR ORGANIZATION'S MISSION. 36 35 120 149 0 0 14259373 50507338 207790 208282 2825492 2547089 756832 555130 18049487 53817839 0 0 0 0 4640136 4980896 0 0 1597135 8475036 6984482 13115172 11965378 4934315 41852461 161299904 213124458 42927568 50165088 118372336 162959370 X FOUNDED IN 1941 BY RALPH AND ELIZABETH NORTON, THE NORTON MUSEUM OF ART COLLECTS, PRESERVES, EXHIBITS AND INTERPRETS OUTSTANDING ART FOR THE BENEFIT OF A BROAD AUDIENCE. THE MUSEUM IS COMMITTED TO CREATING EXHIBITIONS, PURSUING SCHOLARSHIP, AND PRODUCING INNOVATIVE EDUCATIONAL PROGRAMS TO INSPIRE AND OFFER A DEEPER UNDERSTANDING OF THE VISUAL ARTS. 0 0 2852975 122859 EXHIBITIONS:DURING FY18, THE NORTON MUSEUM CONTINUED TO OPERATE A VIGOROUS SCHEDULE WHILE IN A REDUCED FOOTPRINT IN ANTICIPATION OF THE SPECTACULAR BUILDING PROJECT UNDERWAY AND PLANNED REOPENING IN FEBRUARY 2019. WE SUCCESSFULLY REMAINED OPEN WITH BROAD ATTENDANCE AND SERIOUS PROGRAMS UNTIL JULY 2018 WHEN IT WAS NECESSARY TO CLOSE IN ORDER TO COMPLETE THE INTERIOR WORK AND INSTALL ART AND EXHIBITIONS FOR THE GRAND OPENING. THE NORTON MUSEUM PRESENTED 9 EXHIBITION INCLUDING 2 MAJOR CIRCULATING PROJECTS, ALL ORGANIZED BY NORTON CURATORS AND FOCUSED ON PAINTING, SCULPTURE, PHOTOGRAPHY AND VIDEO AS WELL AS WORKS ON PAPER, COMPLEMENTING ALL OF THE NORTON'S FIVE CURATORIAL DEPARTMENTS. SPECIAL EXHIBITIONS OF ART INCLUDED THE FIRST SURVEY OF SCULPTOR GLORIA VANDERBILT WHITNEY, WHICH RECEIVED CRITICAL ATTENTION AND CIRCULATED TO TWO OTHER VENUES. THE LAST SUMMER VIDEO EXHIBITION PREMIERED RECENT GIFTS TO THE NORTON MUSEUM. THE HIGHLY SUCCESSFUL SPOTLIGHT EXHIBITION SERIES ACTIVATED THE SEASON AND HIGHLIGHTED RECENT PRINT PURCHASES IN BRILLIANT: RECENT ACQUISITIONS. A REMARKABLE CONTEMPORARY PROJECT, MISS LUCY'S 3 DAY DOLLHOUSE PARTY, SHOWCASED 3 DOLLHOUSES OWNED BY LUCY BASSETT ANDREWS WHOSE SON, A COLLECTOR AND CLOSE FRIEND OF AMERICAN ARTIST CY TWOMBLY, LED TO A UNIQUE COLLECTION OF ORIGINAL CONTEMPORARY ARTWORKS IN MINIATURE. LOANS OF EXCEPTIONAL PAINTINGS AND DRAWINGS BY JEAN-MICHEL BASQUIAT WERE THE FOCUS OF THE NEXT SPOTLIGHT EXHIBITION WITH RELATED PROGRAMMING TO BETTER UNDERSTAND THE IMPACT OF THIS HIGHLY INFLUENTIAL ARTIST. OUTSTANDING LOANS OF RARE SCHOLAR'S ROCKS WERE FEATURED IN CHANNELING IMMORTALITY AND, FINALLY, A NEW ACQUISITION OF AN OLD IMAGE BY THE FOUNDER OF PHOTOGRAPHY, WILLIAM HENRY FOX TALBOT, CLOSED THE SEASON AS WELL AS THE MUSEUM IN ITS CURRENT INCARNATION. 1394976 1189961 ACQUISITIONS AND CONSERVATION: THE ANTICIPATION OF THE OPENING AND A CAMPAIGN BY BOARD MEMBERS TITLED THE "21ST CENTURY CAMPAIGN" FOR GIFTS AND PROMISED GIFTS LED TO AN EXCEPTIONAL YEAR OF ACQUISITIONS FOR THE NORTON INCLUDING THE TRANSFORMATIVE GIFT FROM JUDIE AND HOWARD GANEK OF MORE THAN 100 PAINTINGS, SCULPTURE, PHOTOGRAPHS, AND CERAMICS. OTHER GIFTS INCLUDED 11 SCULPTURES TO BE FEATURED IN OUR NEW SCULPTURE GARDEN, AND ADDITIONAL EXCEPTIONAL ARTWORKS BY AD REINHARDT, JOHN BALDESSARI AND ANISH KAPOOR AS WELL AS MORE THAN 30 PHOTOGRAPHS. IN THIS TIME PERIOD, THE COLLECTION INCREASED THROUGH GIFT AND PURCHASE BY MORE THAN 200 OBJECTS.IN PREPARATION FOR THE NORTON OPENING, SEVERAL WORKS WERE CLEANED AND CONSERVED. MOST IMPORTANTLY WAS THE LENGTHY AND SPECIAL TREATMENT OF A SIX PANEL CHINESE PAINTING OF THE 16TH CENTURY, RARE AND HIGHLY DETAILED, IT ILLUSTRATES NEW YEAR LANTERN FESTIVAL. AN 18TH CENTURY, EIGHT PANELS OF SILK AND VELVET ILLUSTRATING FLORAL AND BIRD IMAGES ALSO UNDERWENT CLEANING AND CONSERVATION. BOTH ARE FEATURED IN THE OPENING OF THE NEWLY RENOVATED AND EXPANDED CHINESE COLLECTION GALLERIES. SIXTEEN SCULPTURES NOW ON VIEW IN OUR NEW SCULPTURE GARDEN WERE CLEANED BEFORE THE OPENING OF THE MUSEUM IN ADDITION TO THE TOUCH-UPS OF A NEW, MAJOR SCULPTURE GRACING THE NEW WEST FACADE OF THE MUSEUM-TYPEWRITER ERASER BY CLAES OLDENBURG AND COOSJE VAN BRUGGEN. IN ADDITION, THE CLEANING OF DIANA AND ACTAEON, SCULPTURES BY PAUL MANSHIP COMMISSIONED BY OUR FOUNDER, RALPH NORTON, WAS A REVELATION, RESULTING IN THE RESTORATION OF THEM TO THEIR ORIGINAL GOLDEN PATINA. MINOR CLEANING AND CONSERVATION WAS SUCCESSFULLY COMPLETED ON A JADE BIRD SCULPTURE AND ONE WORK ON PAPER. A FRAME FOR A MAJOR PAINTING BY NJIDEKA AKUNYILI CROSBY WAS FABRICATED IN ORDER TO PLACE THIS IMPORTANT WORK ON VIEW FOR THE OPENING. 1988518 85633 EDUCATION:IN FY18, WHILE UNDER CONSTRUCTION AND FOR A LIMITED SEASON EXTENDING FROM OCTOBER 1 - JULY 15, THE NORTON MUSEUM OF ART WELCOMED 10,009 ATTENDEES TO ART AFTER DARK, THE POPULAR, WEEKLY EVENING PROGRAM THAT OFFERS VISITORS OPPORTUNITIES TO HEAR GUEST LECTURERS, ARTISTS, PERFORMERS, AND TAKE TOURS OR PARTICIPATE IN ART-MAKING WORKSHOPS. FREE SCHOOL TOUR ATTENDANCE JUMPED FROM APPROXIMATELY 3,000 THE PREVIOUS YEAR TO 6,061, LARGELY DUE TO A NEW SCHOOL PARTNERSHIP PROGRAM FOR 3RD-8TH GRADE STUDENTS IN FOUR PALM BEACH COUNTY PUBLIC SCHOOLS. THE MUSEUM HOSTED 227 TEACHERS FOR TRAINING AND CONTINUING EDUCATION SESSIONS AT NO COST TO THE TEACHERS. THE AFTERSCHOOL ARTS OUTREACH PROGRAM, SERVING EIGHT ORGANIZATIONS YEAR ROUND IN THE COUNTY, REACHED 779 YOUNG PEOPLE ON MULTIPLE OCCASIONS. THIS PROGRAM IS PROVIDED AT NO COST TO THE HOST ORGANIZATION OR THE STUDENTS WHO PARTICIPATE YEAR ROUND. A TALENTED TEAM OF 15 TEENS, MEMBERS OF THE TEEN ADVISORY SQUAD DEVELOPED PROGRAMS THAT ENRICHED TEEN NIGHT AT ART AFTER DARK, THE MUSEUM'S FIRST BLACK HISTORY FAMILY DAY IN FEBRUARY, AND BASTILLE DAY ON OUR CLOSING WEEKEND IN MID-JULY. THESE TWO COMMUNITY FESTIVALS, ALONG WITH THE ANNUAL CHINESE NEW YEAR CELEBRATION DREW OVER 3,000 PARTICIPANTS. THE MUSEUM'S TALENTED DOCENTS LED 542 PUBLIC TOURS FOR ADULT VISITORS OF THE MUSEUM. WHILE OPEN, THE MUSEUM MAINTAINED ITS VERY ACTIVE SERIES OF PROGRAMS, INCLUDING LECTURES, CONCERTS AND FAMILY WORKSHOPS THROUGHOUT THE SHORTENED FISCAL YEAR. EVEN AFTER THE MUSEUM CLOSED, STAFF WORKED WITH COMMUNITY PARTNERS, SUCH AS THE PALM BEACH COUNTY LIBRARY SYSTEM TO CONTINUE TO PROVIDE PROGRAMMING OFFSITE. 6236469 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 0 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 1 115 0 1 120 1 0 0 0 0 0 1 1 0 0 X 36 35 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 FL X X JOHN SAFRANEK 5618325196 1450 S DIXIE HIGHWAY WEST PALM BEACH FL 33401 HARRY HOWELL CHAIR 6.00 X X 0 0 0 BRUCE GENDELMAN 1ST VICE CHAIR 4.00 X X 0 0 0 JOHN NIBLACK 2ND VICE CHAIR 4.00 X X 0 0 0 JANE CARROLL SECRETARY 4.00 X X 0 0 0 RICHARD L BAROVICK DIRECTOR 2.00 X 0 0 0 RUTH BAUM DIRECTOR 2.00 X 0 0 0 RANDI BITOVE DIRECTOR 2.00 X 0 0 0 HOWARD COX DIRECTOR 2.00 X 0 0 0 PETER CUMMINGS DIRECTOR 2.00 X 0 0 0 ANNABELLE K GARRETT DIRECTOR 2.00 X 0 0 0 PHILIP H GEIER JR DIRECTOR 2.00 X 0 0 0 PAMELA GOERGEN DIRECTOR 2.00 X 0 0 0 NICKI HARRIS DIRECTOR 2.00 X 0 0 0 RONNIE HEYMAN DIRECTOR 2.00 X 0 0 0 THOMAS IOVINO DIRECTOR 2.00 X 0 0 0 MICHELLE JACOBS DIRECTOR 2.00 X 0 0 0 THOMAS S JOHNSON DIRECTOR 2.00 X 0 0 0 IRENE KARP DIRECTOR 2.00 X 0 0 0 DR HENRY KAUFMAN DIRECTOR 2.00 X 0 0 0 JANE KORMAN DIRECTOR 2.00 X 0 0 0 ARTHUR MARTINEZ DIRECTOR 2.00 X 0 0 0 GILBERT C MAURER DIRECTOR 2.00 X 0 0 0 CARLOS MORRISON DIRECTOR 2.00 X 0 0 0 JOEY PEARSON DIRECTOR 2.00 X 0 0 0 ANNE REYES DIRECTOR 2.00 X 0 0 0 RALPH SALTZMAN DIRECTOR 2.00 X 0 0 0 THOMAS A SAUNDERS III DIRECTOR 2.00 X 0 0 0 JEAN SHARF DIRECTOR 2.00 X 0 0 0 ANNE SMITH DIRECTOR 2.00 X 0 0 0 LARRY SOSNOW DIRECTOR 2.00 X 0 0 0 DEBBIE STAPLETON DIRECTOR 2.00 X 0 0 0 KEMP STICKNEY DIRECTOR 2.00 X 0 0 0 BOB STILLER DIRECTOR 2.00 X 0 0 0 ROBBI TOLL DIRECTOR 2.00 X 0 0 0 SIMONE VICKAR DIRECTOR 2.00 X 0 0 0 HOPE ALSWANG EXECUTIVE DIRECTOR, CEO 40.00 X X 314471 0 56632 JOHN SAFRANEK CFO 40.00 X 208630 0 6859 JOHN BACKMAN DIRECTOR NEW NORTON 40.00 X 178271 0 439 CRAIG STEELE MANAGER NEW NORTON 40.00 X 173028 0 426 SAMUEL ANKERSON DEPUTY DIRECTOR 40.00 X 121384 0 0 CHERYL BRUTVAN DIRECTOR OF CURATORIAL AFF 40.00 X 127570 0 6698 CAROLINE ASHLEY DIRECTOR OF DEVELOPMENT 40.00 X 121384 0 6683 1244738 0 77737 7 0 1 0 GILBANE BUILDING COMPANY 661 UNIVERSITY BLVD 107 JUPITER FL 33458 CONSTRUCTION SERVICES 22851726 CBTCHILDS BERTMAN TSECKARES INC 110 CANAL STREET BOSTON MA 02114 CONSTRUCTION SERVICES 1087201 FOSTER & PARTNERS LIMITED 22 HESTER RD LONDON UK SW11 4AN ARCHITECT SERVICES 560053 CONCETTI DESIGNS INC 660 RUE DE LARGON QUEBEC CA G2N 2G5 CONSTRUCTION SERVICES 477617 BEACON CONSTRUCTION GROUP 648 US HIGHWAY 1 NORTH PALM BEACH FL 33408 CONSTRUCTION SERVICES 386887 5 X 1565914 197000 550340 48194084 1453748 50507338 PROGRAM REVENUE 611610 206962 206962 ADMISSIONS 713990 1320 1320 208282 1357128 1357128 28521 0 28521 28521 28521 1195064 0 5103 1195064 -5103 1189961 1189961 1068538 197000 542139 526399 526399 OTHER INCOME 900099 210 210 210 53817839 1398453 0 1912048 686849 370683 316166 3635046 2018995 645420 970631 360049 229137 87684 43228 298952 175880 86421 36651 477208 477208 996277 340191 419866 236220 119077 8087 110990 266300 34962 168770 62568 827401 670196 115835 41370 226620 107945 80145 38530 965923 965923 522380 423128 73133 26119 430908 87573 343335 ACQUISITION OF ART 815945 815945 PROGRAM EXPENSES 660452 426129 182825 51498 CATERING 189753 141956 13043 34754 PRINTING AND GRAPHIC DE 171531 86148 37034 48349 314707 299514 7976 7217 11965378 6236469 4131774 1597135 2300 2000 2582912 12239275 25526118 29671782 404 0 289068 378554 92891100 2707487 55076102 90183613 57151715 59286192 17965387 18320958 2705898 2818463 79662 0 143959 161299904 213124458 4824551 8898570 942018 1195942 7450000 8450000 29500000 31500000 210999 120576 42927568 50165088 X 48441604 81965192 31448125 35044182 38482607 45949996 118372336 162959370 161299904 213124458 X 41852461 3515573 -781000 X X 0 1 X 1 0 X 32324938 19097238 18084381 14259373 50507338 134273268 489505 556814 624233 207790 208282 2086624 32814443 19654052 18708614 14467163 50715620 136359892 0 0 0 136359892 1798160 1921402 2029347 2451605 3102009 11302523 1798160 1921402 2029347 2451605 3102009 11302523 92061 75698 161528 40264 210 369761 34704664 21651152 20899489 16959032 53817839 148032176 0.92120 0.90330 0.07640 0.09170 X X X X X 0 43400004 7111820 3461300 2041555 51931569 39650310 1003000 4838767 2092073 43400004 37147314 825712 3984385 2307101 39650310 40332747 255500 -1412478 2028455 37147314 38753101 69325 2326376 816055 40332747 0.00000 0.88000 0.12000 0 0 8684231 8684231 8298150 2707487 5590663 602085 602085 75306634 75306634 90183613 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 18320958 F 18320958 OBLIGATIONS UNDER CAPITAL LEASE 120576 120576 X 57398343 3515573 542139 4057712 53340631 477208 477208 53817839 12811309 1323139 1323139 11488170 477208 477208 11965378 PART III, LINE 1A: THE NORTON HAS ELECTED TO EXCLUDE THE VALUE OF OBJECTS IN THE PERMANENT COLLECTION FROM THE STATEMENT OF FINANCIAL POSITION, AS PERMITTED BY SFAS NO. 116. AN ADDITION OF ART TO THE PERMANENT COLLECTION IS MADE EITHER BY GIFT OR THROUGH PURCHASE USING ART ACQUISITION FUNDS. THE ACCEPTANCE AND DISPOSAL OR REMOVAL OF WORKS OF ART IN THE COLLECTION IS PERFORMED IN ACCORDANCE WITH A FORMAL POLICY ADOPTED BY THE BOARD OF TRUSTEES IN 2003. PURCHASES FOR THE COLLECTION ARE RECORDED AS EXPENDITURES FOR THE ACQUISITION OF ART OBJECTS IN THE STATEMENT OF ACTIVITIES FOR THE YEAR IN WHICH THE OBJECTS ARE ACQUIRED. PART III, LINE 4: RALPH AND ELIZABETH NORTON ESTABLISHED THE NORTON MUSEUM OF ART AS THE NORTON GALLERY AND SCHOOL OF ART IN 1941. IT WAS FOUNDED ON THE BASIS OF THEIR PRIVATE COLLECTION, WHICH WAS COMPRISED OF A HANDFUL OF OLD MASTER PAINTINGS AND FAR MORE EXTENSIVE HOLDINGS OF FRENCH AND AMERICAN PAINTING, SCULPTURE, AND WORKS ON PAPER, MOST MADE AFTER 1870. BEFORE HIS DEATH IN 1953, NORTON EXPANDED THE COLLECTION TO INCLUDE CHINESE ART, SUCH AS ANCIENT BRONZES AND JADES, CERAMICS, FURNITURE, AND TEXTILES. HIS BEQUEST ADDED MANY MORE WORKS IN EACH OF THESE CATEGORIES TO THE COLLECTION. IN SUBSEQUENT DECADES, ACQUISITIONS FROM ALL SOURCES HAVE ENRICHED THE ORIGINAL COLLECTING AREAS OF EUROPEAN, AMERICAN, AND CHINESE ART IN TERMS OF BREADTH AND DEPTH WHILE CONFORMING TO THE HIGH QUALITATIVE STANDARDS ESTABLISHED BY THE NORTONS. TODAY, THE COLLECTION NUMBERS APPROXIMATELY 7,000 OBJECTS. AMONG THE MOST SOUGHT-AFTER WORKS FOR LOANS TO EXHIBITIONS BOTH HERE AND ABROAD ARE MONET'S "GARDENS OF VILLA MORENO," GAUGUIN'S "CHRIST IN THE GARDEN OF OLIVES," POLLOCK'S "NIGHT MIST, AND OUR THREE O'KEEFFE PAINTINGS. THE NORTON MUSEUM OF ART STRIVES TO PRESERVE, DEVELOP, EXHIBIT AND INTERPRET ITS OUTSTANDING COLLECTION AND TO EDUCATE THE PUBLIC THROUGH SPECIAL EXHIBITIONS, PUBLICATIONS AND PROGRAMS. AS A RECOGNIZED LEADER IN THE ARTS IN THE YEARS SINCE ITS FOUNDING, THE NORTON MUSEUM OF ART BRINGS A SIGNIFICANT CULTURAL AND EDUCATIONAL PRESENCE TO THE STATE OF FLORIDA AND REACHES NATIONALLY AND INTERNATIONALLY THROUGH ITS PROGRAMMING AND VISITORS, LOANS OF WORKS OF ART, AND TRAVELING EXHIBITIONS. A PRINCIPAL STRENGTH OF THE NORTON LIES IN ITS PERMANENT COLLECTION SINCE THE QUALITY, DEPTH AND BREADTH OF ITS HOLDINGS ARE USED AS THE BASIS FOR EXHIBITIONS, EDUCATIONAL PROGRAMS AND SCHOLARSHIP. FOR EXAMPLE, SCHOOL AND SUMMER CAMP TOURS INTRODUCE APPROXIMATELY 10,000 K-12 STUDENTS TO WORKS IN THE MUSEUM'S COLLECTION EACH YEAR. NINE MUSEUM COLLECTION THEME TOURS AND FIVE SPECIAL EXHIBITION TOURS ARE AVAILABLE FOR TEACHERS TO CHOOSE FROM, FREE OF CHARGE, ON TOPICS RANGING FROM MEDIEVAL AND RENAISSANCE TREASURES TO THE ART OF SCIENCE AND AFRICAN AMERICAN ART AND CULTURE. THE NORTON COLLECTION IS ALSO THE FOCUS OF EDUCATIONAL PROGRAMS FOR ADULTS. CONCERTS AND PERFORMANCES RELATE TO SPECIAL EXHIBITIONS AND CULTURAL THEMES REPRESENTED BY WORKS IN THE GALLERIES. TOURS, AND TREASURE OF THE MONTH TALKS ALLOW VISITORS TO ENGAGE WITH DOCENTS AND STAFF IN THE GALLERIES IN INFORMAL DISCUSSIONS OF SUBJECTS IN ART AND WORKS ON VIEW. A CLOSER LOOK PROVIDES PUBLIC ACCESS TO LECTURES FOR DOCENT CANDIDATES CONCERNING SPECIFIC WORKS IN THE MUSEUM COLLECTION AND THE HISTORICAL CONTEXTS AND CIRCUMSTANCES OF THEIR ORIGIN. PART V, LINE 4: THE NORTON'S ENDOWMENT IS ESTABLISHED FOR THE PURPOSES EXPRESSED IN THE MISSION OF THE NORTON. PART X, LINE 2: THE NORTON IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE FINANCIAL STATEMENTS. THE NORTON IS REQUIRED TO OPERATE IN CONFORMITY WITH THE PROVISIONS OF THE INTERNAL REVENUE CODE TO MAINTAIN ITS EXEMPT STATUS. UNDER THE PROVISIONS OF FASB ASC 740, UNCERTAINTY IN INCOME TAXES, MANAGEMENT ANALYZES TAX POSITIONS IN JURISDICTIONS WHERE IT IS REQUIRED TO FILE INCOME TAX RETURNS. INTEREST AND PENALTIES ATTRIBUTABLE TO INCOME TAXES, IF ANY, ARE INCLUDED IN OPERATING EXPENSES. NO SUCH INTEREST OR PENALTIES WERE RECORDED FOR THE YEARS ENDED SEPTEMBER 30, 2018 AND 2017. THE NORTON IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO SEPTEMBER 30, 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES 542,139. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES 542,139. ADJUSTMENT FOR TERMINATED PROMISES TO GIVE 781,000. GALA 1069300 197000 872300 476775 BIJOUX! 196238 196238 65364 1265538 197000 1068538 542139 542139 526399 X 0 0 X X 0 1 0 0 0 0 0 0 0 HOPE ALSWANG EXECUTIVE DIRECTOR, CEO 314471 0 0 0 0 0 50000 0 6632 0 371103 0 0 0 JOHN SAFRANEK CFO 208630 0 0 0 0 0 0 0 6859 0 215489 0 0 0 JOHN BACKMAN DIRECTOR NEW NORTON 178271 0 0 0 0 0 0 0 439 0 178710 0 0 0 CRAIG STEELE MANAGER NEW NORTON 173028 0 0 0 0 0 0 0 426 0 173454 0 0 0 PART I, LINE 1B THE NORTON MUSEUM OF ART'S DIRECTOR, HOPE ALSWANG, LIVES IN ONE OF THE HOUSES OWNED BY THE MUSEUM. THE HOME GIVES THE DIRECTOR A PLACE TO HOST SMALL, INTIMATE GATHERINGS OF DONORS AND OTHER GUESTS FOR FUNDRAISING AND OTHER PURPOSES RELATED TO THE NORTON'S MISSION. X 21 1441806 MARKET VALUE X INTERNET ADS 11 11942 MARKET VALUE 0 1 1 PART I, LINE 32B: THE NORTON MUSEUM OF ART UTILIZES THIRD PARTY BROKERS TO SELL SECURITIES THAT IT HAS RECEIVED AS NONCASH CONTRIBUTIONS. PART I, LINE 33: THE NORTON HAS ELECTED NOT TO ASSIGN A FINANCIAL VALUE TO GIFTS OF ART TO BE HELD IN THE COLLECTIONS FOR PURPOSES RELATED TO ITS MISSION, OR FOR WHICH THE PROCEEDS FROM ANY SALE WILL BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS, AS ALLOWED BY SFAS 116. FORM 990, PART I, LINE 1: FOUNDED IN 1941 BY RALPH AND ELIZABETH NORTON, THE NORTON MUSEUM OF ART COLLECTS, PRESERVES, EXHIBITS AND INTERPRETS OUTSTANDING ART FOR THE BENEFIT OF A BROAD AUDIENCE. THE MUSEUM IS COMMITTED TO CREATING EXHIBITIONS, PURSUING SCHOLARSHIP, AND PRODUCING INNOVATIVE EDUCATIONAL PROGRAMS TO INSPIRE AND OFFER A DEEPER UNDERSTANDING OF THE VISUAL ARTS. FORM 990, PART VI, SECTION A, LINE 7A DIRECTORS OF THE GOVERNING BOARD APPOINT NEW DIRECTORS TO THE GOVERNING BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE CONDUCTS A THOROUGH REVIEW OF THE FINAL DRAFT BEFORE IT GOES TO THE FULL BOARD OF TRUSTEES. THE FINAL DRAFT IS THEN PROVIDED TO THE ENTIRE BOARD OF TRUSTEES PRIOR TO FILING FOR THEIR REVIEW AND CONCURRENCE. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE BOARD IS PROVIDED WITH A CONFLICT OF INTEREST QUESTIONNAIRE WHICH IS USED BY THE ORGANIZATION TO DETERMINE IF THERE ARE ANY CONFLICTS BETWEEN THE BOARD AND THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15A IN JULY 2017, THE CEO SIGNED A NEW EMPLOYMENT CONTRACT. AS PART OF THIS PROCESS, THE CHAIRMAN OF THE BOARD REVIEWED THE CEO'S PERFORMANCE, ANALYZED COMPARABLE SALARY DATA OF SIMILAR POSITIONS IN OTHER ORGANIZATIONS, AND THEN MET WITH THE EXECUTIVE COMMITTEE TO EVALUATE THE DATA COLLECTED AND DECIDE ON COMPENSATION FOR THE PERIOD COVERED BY THE EMPLOYMENT CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION RETAINS ALL REQUIRED PUBLIC INSPECTION DOCUMENTS AT ITS CORPORATE OFFICE. SHOULD THE PUBLIC REQUEST TO REVIEW ANY OF THE DOCUMENTS, THE ORGANIZATION HAS THEM READILY AVAILABLE FOR INSPECTION. FORM 990, PART VIII, LINE 1F: THE NORTON MUSEUM OF ART BEGAN A CAPITAL CAMPAIGN IN FISCAL YEAR 2014 TO RAISE FUNDS FOR AN EXPANSION AND RENOVATION OF THE EXISTING MUSEUM. OVER $106,000,000 HAS BEEN RAISED FOR THIS PURPOSE THROUGH FISCAL YEAR 2018. FORM 990, PART XI, LINE 9: ADJUSTMENT FOR TERMINATED PROMISES TO GIVE -781,000. FORM 990, PART XII, LINE 2C: THE POLICY FOR THE OVERSIGHT COMMITTEE HAS NOT CHANGED DURING THE YEAR.