2017-07-06T16:34:27-05:00 2016-09-30 141918990 TEMPLETON & COMPANY LLP 222 LAKEVIEW AVENUE SUITE 1200 WEST PALM BEACH FL 33401 990 2015-10-01 590624432 NORTON MUSEUM OF ART INC NORT 5618325196 1451 S OLIVE AVENUE WEST PALM BEACH FL 33401 JOHN SAFRANEK CHIEF FINANCIAL OFFICER 5618325196 2017-07-06 1 JOHN R TEMPLETON P01957752 5617989988 2015 2021-01-29 14:40:06Z JOHN SAFRANEK 1451 S OLIVE AVENUE WEST PALM BEACH FL 33401 22986953 0 X WWW.NORTON.ORG X 1941 FL SEE SCHEDULE O FOR ORGANIZATION'S MISSION. 33 32 152 169 0 0 19097238 18084381 556814 624233 1868194 2308213 901477 1298051 22423723 22314878 0 0 0 0 4648752 5024952 0 0 982080 7232493 8017377 11881245 13042329 10542478 9272549 144612699 159244696 31929292 32960716 112683407 126283980 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 3885526 433217 EXHIBITIONS: DURING FY16, THE NORTON MUSEUM PRESENTED 17 EXHIBITIONS, OF WHICH 15 WERE ORGANIZED BY NORTON MUSEUM CURATORS FEATURING PHOTOGRAPHY AND VIDEO, PAINTING, SCULPTURE, GRAPHIC DESIGN AND HISTORICAL CHINESE OBJECTS. SPECIAL EXHIBITIONS INCLUDED TWO EXCEPTIONAL PROJECTS ACKNOWLEDGING WOMEN ARTISTS: O'KEEFFE, STETTHEIMER, TORR, ZORACH: WOMEN MODERNISTS IN NEW YORK, WHICH CIRCULATED TO THE PORTLAND MUSEUM OF ART, MAINE AND NJIDEKA AKUNYILI CROSBY: I REFUSE TO BE INVISIBLE, WHICH WAS THE FIRST SURVEY OF THIS NIGERIAN BORN PAINTER. THE NORTON ALSO PREMIERED TWO CRITICALLY IMPORTANT, CIRCULATING EXHIBITIONS: THIS PLACE: ISRAEL AND THE WEST BANK THROUGH PHOTOGRAPHS AND TINY: STREETWISE REVISITED: PHOTOGRAPHY BY MARY ELLEN MARK. SEVERAL RECENT ACQUISITIONS WERE SHOWCASED IN "MASTERPIECE OF THE MONTH" EXHIBITIONS INCLUDING EXQUISITE 17TH-18TH C. CHINESE MONUMENTAL LANDSCAPE PAINTINGS, AND CHINESE CERAMIC "DRAGON ROOF RIDGE PANELS". MASTERPIECES ALSO INCLUDED THE LOAN OF A REMARKABLE EDWARD HOPPER CANVAS, FOUR LANE ROAD, AND A PROVOCATIVE WORK BY DAVID HAMMONS MADE FROM THE TRACES OF A BASKETBALL. ICONIC EXAMPLES OF PAINTINGS BY EDGAR DEGAS AND VINCENT VAN GOGH FROM THE MINNEAPOLIS INSTITUTE OF ART AND CLEVELAND MUSEUM OF ART, RESPECTIVELY, WERE ON VIEW AS RECIPROCAL LOANS FOR OUR OWN CANVASES BY PAUL GAUGUIN AND CLAUDE MONET. A ROY LICHTENSTEIN MULTIPLE BASED ON MONET'S GARDEN, GIVERNY, COMPLEMENTED A 5 SCREEN VIDEO BY MARK FOX WHICH FEATURED THE FAMOUS FRENCH SITE. PHOTOGRAPHS AND VIDEO IN THE COLLECTION OF BETH RUDIN DEWOODY WERE FEATURED IN STILL/MOVING. 2842984 1055906 ACQUISITIONS AND CONSERVATION: IN FY 16 THE NORTON MUSEUM ACQUIRED APPROXIMATELY 260 ARTWORKS IN ALL MEDIA, FROM GIFT AND PURCHASE, ENHANCING THE FIVE AREAS OF OUR COLLECTION: AMERICAN, EUROPEAN, CHINESE, PHOTOGRAPHY AND CONTEMPORARY. HIGHLIGHTS OF GIFTS TO THE COLLECTION WERE 4 MILTON AVERY DRAWINGS, A PASTEL BY CHILDE HASSAM, A WATERCOLOR FROM THE ESTATE OF LOUISE BOURGEOIS, SCULPTURE BY WILLIE COLE AND 4 PAINTINGS BYCONTEMPORARY ARTISTS. MANY OUTSTANDING PURCHASES WERE MADE WITH FUNDS PROVIDED BY AMERICAN, CONTEMPORARY, CHINESE AND PHOTOGRAPHY "SUPPORT" GROUPS AS WELL AS ENDOWMENT FUNDS INCLUDING THE CHINESE PAINTINGS AND TILES MENTIONED ABOVE, AND AN 18TH C. QING DYNASTY, CUT VELVET 8 PANEL WORK. AMERICAN ART PURCHASED A MID-CENTURY, EARLY GRACE HARTIGAN CANVAS, PHOTOGRAPHY PURCHASED INCLUDED MORE THAN 150 IMAGES BY OVER 40 ARTISTS BOTH HISTORICAL AND LIVING, AND AMONG THE CONTEMPORARY PURCHASES WERE MAJOR PIECES BY ARTISTS EXHIBITED OVER THE LAST YEAR SUCH AS KLARA KRISTALOVA AND NJIDEKA CROSBY AND NEW PIECES BY WANGECHI MUTU AND HANK WILLIS THOMAS AMONG OTHERS.ROUTINE CONSERVATION TREATMENTS OF CLEANING AND WAXING ON OUR PAUL MANSHIP AND OTHER OUTDOOR SCULPTURES CONTINUED. CONSERVATORS INSPECTED ADDITIONAL WORKS REQUESTED FOR LOAN INCLUDING THE GAUGUIN AND MONET. MOST URGENT WAS THE TREATMENT OF 14 ANCIENT CHINESE BRONZES TO INHIBIT THE RECENTLY DISCOVERED CONDITION OF DETERIORATION DUE TO COPPER CHLORIDE. 1805011 409998 EDUCATION: IN FY16, THE NORTON MUSEUM SERVED APPROXIMATELY 50,000 PARTICIPANTS DIRECTLY THROUGH EDUCATION PROGRAMS. APPROXIMATELY 7,500 STUDENTS PARTICIPATED IN FREE, AGE-APPROPRIATE MUSEUM SCHOOL TOURS AND 4,300 OF THOSE STUDENTS VISITED FROM TITLE-1 SCHOOLS. THE SCHOOL PARTNERSHIP PROGRAM SERVED FOREST HILL COMMUNITY HIGH SCHOOL, PALM BEACH DAY ACADEMY, AND JUPITER COMMUNITY HIGH SCHOOL, WHILE DISCUSSIONS GOT UNDERWAY TO EXPAND PARTNERSHIPS TO NEW SCHOOLS. FAMILY PROGRAMS HOSTED WEEKLY STUDIO CLASSES FOR 1,340 CHILDREN AND ADULTS, APPROXIMATELY 850 MORE PARTICIPANTS THAN THE YEAR BEFORE. THE DAMON AND KATHERINE MEZZACAPPA GRANT CONTINUED TO MAKE THIS GROWTH POSSIBLE AND ENHANCED OUTREACH TO HISPANIC POPULATIONS OF THE COUNTY. AFTERSCHOOL ARTS OUTREACH (AAO), FORMERLY KNOWN AS PROGRESSIVE AFTERSCHOOL ARTS COMMUNITY EDUCATION, PROVIDED FREE ARTS PROGRAMS TO 600 STUDENTS LIVING IN UNDERSERVED COMMUNITIES ACROSS THE COUNTY ON A REGULAR BASIS, ACCOUNTING FOR AN ATTENDANCE OF 5,413 PARTICIPANTS THROUGHOUT THE YEAR. SHORT-TERM AAO WORKSHOPS SERVED CHILDREN AT THE MAX FISHER BOYS AND GIRLS CLUB IN RIVIERA BEACH AND THROUGH THE MOTHERS AGAINST MURDERERS ASSOCIATION WHICH AIDS FAMILIES STRUCK BY GUN VIOLENCE. LECTURES, COLLECTION AND SPECIAL EXHIBITION TOURS, GALLERY CLASSES AND TALKS PROVIDED LIFE-LONG LEARNING OPPORTUNITIES TO MORE THAN 16,000 ADULTS THROUGH CONTACT WITH MUSEUM DOCENTS, EDUCATORS, CURATORS, GUEST ARTISTS AND EXPERTS. ART AFTER DARK CONTINUED TO SERVE AS AN ANCHOR FOR MUSEUM PROGRAMMING, DRAWING OVER 11,300 PARTICIPANTS TO EXHIBITION OPENINGS AND DIVERSE PROGRAMS, TOURS, PERFORMANCES AND MORE ON THURSDAY EVENINGS. THE CHINESE NEW YEAR AND CHINESE MOON FESTIVAL CELEBRATIONS, ATTRACTED A COMBINED TOTAL OF 2,973 TO BOTH FREE CULTURAL ACTIVITIES. CELL AND SMARTPHONE TOUR STOPS OF THE MUSEUM COLLECTION ALSO HAD OVER 11,000 TOTAL CALLS AND PAGE VIEWS FROM 2,100 INDIVIDUALS. 8533521 1 1 0 1 0 0 0 1 0 1 1 1 0 0 0 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 1 122 0 1 152 1 0 0 0 0 0 1 1 0 0 0 0 X 33 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 FL X X JOHN SAFRANEK 5618325196 1451 S OLIVE AVENUE WEST PALM BEACH FL 33401 HARRY HOWELL CHAIR 6.00 X X 0 0 0 JOEY PEARSON 1ST VICE CHAIR 4.00 X X 0 0 0 JOHN NIBLACK 2ND VICE CHAIR 4.00 X X 0 0 0 BRUCE BEAL SECRETARY 4.00 X X 0 0 0 DICK BAROVICK DIRECTOR 2.00 X 0 0 0 RUTH BAUM DIRECTOR 2.00 X 0 0 0 M DIANE BODMAN DIRECTOR 2.00 X 0 0 0 JANE CARROLL DIRECTOR 2.00 X 0 0 0 BRUCE GENDELMAN DIRECTOR 2.00 X 0 0 0 PETER GEORGESCU 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 KEMP STICKNEY 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 GILBERT C MAURER DIRECTOR 2.00 X 0 0 0 CARLOS MORRISON DIRECTOR 2.00 X 0 0 0 JERRY PEARLMAN DIRECTOR 2.00 X 0 0 0 JOHN RICHMAN DIRECTOR 2.00 X 0 0 0 RALPH SALTZMAN 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 DEBBIE STAPLETON DIRECTOR 2.00 X 0 0 0 HOWARD COX DIRECTOR 2.00 X 0 0 0 PHIL H GEIER JR DIRECTOR 2.00 X 0 0 0 RONNIE HEYMAN DIRECTOR 2.00 X 0 0 0 MICHELLE JACOBS DIRECTOR 2.00 X 0 0 0 IRENE KARP DIRECTOR 2.00 X 0 0 0 ARTHUR MARTINEZ DIRECTOR 2.00 X 0 0 0 BOB STILLER DIRECTOR 2.00 X 0 0 0 SIMONE VICKAR DIRECTOR 2.00 X 0 0 0 LARRY SOSNOW DIRECTOR 2.00 X 0 0 0 HOPE ALSWANG EXECUTIVE DIRECTOR, CEO 40.00 X X 346923 0 55814 JOHN SAFRANEK CFO 40.00 X 169471 0 5628 JAMES HALL DEPUTY DIRECTOR 40.00 X 134593 0 0 CHERYL BRUTVAN DIRECTOR OF CURATORIAL AFFAIRS 40.00 X 125449 0 0 JOHN ULMER DIRECTOR OF BUILDING OPERATIONS 40.00 X 112789 0 0 JOHN BACKMAN PROJECT MANAGER, NEW NORTON 40.00 X 111808 0 0 1001033 0 61442 6 0 1 0 CBTCHILDS BERTMAN TSECKARES INC 110 CANAL STREET BOSTON MA 02114 ARCHITECT SERVICES 2482534 FOSTER & PARTNERS LIMITED 22 HESTER RD LONDON UK SW11 4AN ARCHITECT SERVICES 1569248 GILBANE BUILDING COMPANY 661 UNIVERSITY BLVD 107 JUPITER FL 33458 CONSTRUCTION SERVICES 1378526 EISON CONSTRUCTION COMPANY INC 1630 CLARE AVENUE WEST PALM BEACH FL 33401 CONSTRUCTION SERVICES 830980 GUNSTER LAW FIRM 777 S FLAGLER DR SUITE 500 WEST PALM BEACH FL 33401 LEGAL FEES 290029 5 X 1643668 353542 16087171 54866 18084381 ADMISSIONS 713990 320711 320711 PROGRAM REVENUE 611610 303522 303522 624233 1383963 1383963 52835 0 52835 52835 52835 639960 331701 0 47411 639960 284290 924250 924250 1354014 459436 894578 894578 354336 165228 189108 189108 FACILITY USE REVENUE 531390 81115 81115 OTHER INCOME 900099 80415 80415 161530 22314878 1899121 0 2331376 497500 497500 3785975 2749253 511397 525325 428082 270285 129041 28756 313395 202142 92129 19124 527228 527228 616836 253578 264588 98670 179933 15268 164665 61339 31062 19374 10903 1078126 869400 154941 53785 229306 145893 33169 50244 333059 333059 1196554 969209 167517 59828 434518 106220 328298 ACQUISITION OF ART 1463766 1463766 PROGRAM EXPENSES 716227 412869 234885 68473 EXHIBITS 481833 481833 CATERING 275940 229878 7364 38698 422712 332865 61573 28274 13042329 8533521 3526728 982080 11967 6864 3198236 5796022 33574724 33401185 71212 35283 411205 320049 68706077 19887242 34593440 48818835 47676222 51297482 16672057 17067085 4050201 2501891 4353435 0 144612699 159244696 1753083 2622205 676209 838511 29500000 29500000 31929292 32960716 X 39127230 51920210 38633421 37782466 34922756 36581304 112683407 126283980 144612699 159244696 9272549 4328024 0 X X 0 1 X 1 0 X 4280329 4310218 32324938 19097238 18084381 78097104 437000 455074 489505 556814 624233 2562626 4717329 4765292 32814443 19654052 18708614 80659730 0 0 0 80659730 748018 976488 1798160 1921402 2029347 7473415 748018 976488 1798160 1921402 2029347 7473415 99256 133948 92061 75698 161528 562491 5564603 5875728 34704664 21651152 20899489 88695636 0.90940 0.88280 0.08430 0.11070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 60886 60886 0 PART II-B, LINE 1: THE ORGANIZATION RETAINED A FIRM TO LOBBY THE FLORIDA LEGISLATURE TO INCLUDE A $1,000,000 CAPITAL ALLOCATION FOR THE NORTON MUSEUM OF ART IN THE STATE'S BUDGET. X X X X 0 35282756 825712 720086 247250 36581304 35984437 615500 1317181 35282756 34957545 69325 957567 35984437 32569857 1776275 867866 -256453 34957545 31205106 54065 1338786 -28100 32569857 0 0 869214 4804891 5674105 1873979 37686271 16298833 23261417 79154 79154 0 2206213 1925517 280696 21186355 1583738 19602617 48818835 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 17067085 F 17067085 X 26740338 4328024 624664 4952688 21787650 527228 527228 22314878 13139765 624664 624664 12515101 527228 527228 13042329 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 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 OF 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, 2016 AND 2015. THE NORTON IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO SEPTEMBER 30, 2013. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVENTORY RELATED COST OF GOODS SOLD 165,228. SPECIAL EVENTS EXPENSES 459,436. PART XII, LINE 2D - OTHER ADJUSTMENTS: INVENTORY RELATED COST OF GOODS SOLD 165,228. SPECIAL EVENTS EXPENSES 459,436. GALA 1132580 1132580 240665 BIJOUX! 221434 221434 68628 2 0 150143 1354014 1354014 459436 459436 894578 X 0 0 X X 0 1 0 0 0 0 0 0 0 HOPE ALSWANG EXECUTIVE DIRECTOR, CEO 346923 0 0 0 0 0 50000 0 5814 0 402737 0 0 0 JOHN SAFRANEK CFO 169471 0 0 0 0 0 0 0 5628 0 175099 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 6 54866 MARKET VALUE 0 1 1 PART I, LINE 32B: THE NORTON SELLS ARTWORK THROUGH ESTABLISHED AUCTION HOUSES SUCH AS SOTHEBY'S AND CHRISTIE'S. 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 B, LINE 11 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 INITIALLY, THE CHAIRMAN OF THE BOARD REVIEWS COMPARABLE SALARY DATA OF SIMILAR POSITIONS IN OTHER ORGANIZATIONS. THE CHAIRMAN THEN REVIEWS THE SELF-EVALUATION FORM PREPARED BY THE DIRECTOR AND CHIEF EXECUTIVE OFFICER WHICH INCLUDES MAJOR ACCOMPLISHMENTS DURING THE YEAR. HE MEETS WITH THE CEO TO DISCUSS HER PERFORMANCE DURING THE PAST YEAR AS WELL AS GOALS FOR THE COMING YEAR. THE EXECUTIVE COMMITTEE THEN MEETS TO EVALUATE THE INFORMATION GATHERED BY THE CHAIRMAN AND TO DECIDE ON COMPENSATION FOR THE NEXT YEAR. A WRITTEN AGREEMENT IS PREPARED AND SIGNED BY BOTH THE CHAIRMAN OF THE BOARD AND THE CEO. 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 $60,000,000 HAS BEEN RAISED FOR THIS PURPOSE THROUGH FISCAL YEAR 2016. FORM 990, PART XII, LINE 2C: THE POLICY FOR THE OVERSIGHT COMMITTEE HAS NOT CHANGED DURING THE YEAR.