2017-11-06T08:43:16-06:00 2016-12-31 510232475 Cover & Rossiter PA 62 Rockford Road Suite 200 Wilmington DE 19806 990 2016-01-01 510070531 Eleutherian Mills-Hagley Foundation Inc ELEU 3026582400 PO Box 3630 Wilmington DE 198070630 Jeanne Belk Finance Director 3026582400 2017-11-03 1 Peter Kennedy P00571422 3026566632 2017-11-03 74.95.176.89 2017-11-03 12:44:16 ED P A367EEE01D5189ED96A497E44DA8AB4D6CBB9E2A BBD834D9F12285CECA223D2AC568494BA77C0866 2016 2021-01-29 14:40:06Z Jeanne Belk PO Box 3630 Wilmington DE 198070630 24791487 0 X www.hagley.org X 1952 DE Hagley Museum and Library collects, preserves, and interprets the unfolding history of American enterprise. 16 16 187 488 21150 -16249 2286248 1624026 662113 795936 8003903 5418949 423969 304398 11376233 8143309 38950 30700 0 0 5906260 5970973 0 0 349733 7725571 4436216 13670781 10437889 -2294548 -2294580 156794935 157079238 2578895 1906053 154216040 155173185 X 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 4845674 651960 Hagley Museum's primary audiences are cultural tourists traveling on their own; school groups participating in our curriculum based education programs; adult motor coach tours and families attending special events. In 2016 total attendance was 65,985, consisting of 18,692 general admission; 12,162 school and youth tours; 2,854 adult tours; and 32,277 special event admissions. 4012093 30700 28075 Hagley's Research Library responded to 979 onsite researchers in 2016, who visited its reading rooms on 1,667 occasions throughout the year. The Library fielded 4,142 reference requests. The Manuscripts and Archives department handled 2,176 requests, and shared 3,450 linear feet of material with researchers. The Audiovisual Collections and Digital Initiatives (AVD) department answered 1,412 queries and shared 629 collection items. The Published Collections Department served reference on 554 queries, and shared 4,293 rare books, trade catalogues, and other materials from its collections. Online, 8,206 unique visitors used the online catalog 225,135 times, and 40,653 visitors used the online finding aids database 151,627 times. This discovery supported the circulation of 3,450 linear feet of material and 4,922 volumes, and attracted an additional 87,634 visitors to view 801,497 digitized pages of material in the Hagley Digital Archives. More than 1,200 linear feet and 23 GB were arranged, described, and cataloged by Library staff. Thirty-nine collections were added to our collections management database, Archivist's Toolkit. Over 15,200 new catalog records were created. More than 6,700 authority records were created or revised, with over 100 name authority records submitted to the Name Authority Cooperative Organization (NACO). Seventy-two new finding aids were added to the finding aids database. Important work such as this will make discoverable the nearly 345 linear feet of accessions that arrived in 2016, along with 134 published accessions and 25.19 GB of born-digital accessions. The Library produced 4 exhibitions and provided the content and curatorial and conservation support for the Museum's major exhibition, which opened in October 2015, "Driving Desire: Automobile Advertising and the American Dream." The Center for History of Business, Technology and Science funded 40 out of 64 grant applications; hosted its first dissertation fellow as part of its three-year agreement with the University of Virginia Miller Center of Public Affairs; and competed successfully for a NEH grant for support of 2 postdoctoral fellowships. The Center also held four public author talks, which averaged an attendance of over one hundred; held six seminars; maintained two book series with the University of Pennsylvania Press and the Johns Hopkins University Press, which produced two new volumes; and organized the Business History Conference's annual meeting, held in Portland, OR. Our public lectures, conferences, and seminars exposed Hagley to more than 1,059 visitors. Exhibitions, special tours, and events such as Philly Archives Month and our lecture course at the Osher Institute of Lifelong Learning increase this total by several hundred. 135345 218093 The Hagley Associates Program works to support the Hagley mission through membership sales. Approximately 2,700 families and individuals enjoy special events, lectures and exhibit previews as well as have access to Hagley's facilities year round. 8993112 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 38 0 1 187 1 1 1 1 UK 0 0 0 1 1 0 0 0 0 X 16 16 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 Ann C Rose Secretary/Trustee 1.00 X X 0 0 0 Augustus I du Pont Treasurer/Trustee 1.00 X X 0 0 0 E Matthew Brown Trustee 1.00 X 0 0 0 Edward J Bassett Trustee 1.00 X 0 0 0 Howard E Cosgrove Trustee 1.00 X 0 0 0 Edward B du Pont President Emeritus 1.00 X 0 0 0 Blaine T Phillips Trustee 1.00 X 0 0 0 Charles M Elson Trustee 1.00 X 0 0 0 M Gary Talley Trustee 1.00 X 0 0 0 JoAnne Yates Trustee 1.00 X 0 0 0 Steven W Usselman Trustee 1.00 X 0 0 0 Mati Bonetti de Buccini Trustee 1.00 X 0 0 0 James C Collins Jr Trustee 1.00 X 0 0 0 John S Wellons Trustee 1.00 X 0 0 0 David Cole Director 35.00 X 182714 0 34574 Marjorie P Kelly Assistant Secretary 35.00 X 47820 0 20522 Jeanne L Belk Finance Director; Asst. Tr 35.00 X 114912 0 31539 Erik Rau Director, Library Services 35.00 X 123406 0 17466 468852 0 104101 3 0 1 0 Cambridge Associates LLC PO Box 10317 Uniondale NY 11555 Investment Management 161750 WMDunleavy & Co INC 200 S Franklin St 1 West Chester PA 19382 Roofing contractor 123665 Fireworks by Grucci Inc One Grucci Lane Brookhaven NY 11719 Special Events 110000 3 1624026 27581 1624026 Special Events Revenue 900099 524754 524754 Admissions 900099 271182 271182 795936 5274527 5274527 37654 37654 226305 45249 181056 181056 181056 16674401 16529979 144422 144422 144422 130563 72950 57613 36463 21150 Miscellaneous Visitor & Photocopy 900099 28075 28075 28075 8143309 898128 21150 5600005 30700 30700 571015 355941 144150 70924 4123269 3886577 72138 164554 274340 219176 52133 3031 640040 570935 62646 6459 362309 336731 8864 16714 5296 5296 34600 34600 597531 597531 125686 101046 24219 421 160444 160444 314156 220133 35003 59020 975167 951463 14125 9579 57241 40142 12913 4186 952367 952367 355329 310445 30039 14845 Restricted Expenses App 484634 484396 238 Special Events Producti 218518 218518 Library Division 151370 151370 Miscellaneous expense 3877 2728 1149 10437889 8993112 1095044 349733 1399739 814056 414205 282017 16634 8618 106748 96172 474045 486025 36428941 19835687 17014879 16593254 94155031 97801712 43213654 40997384 156794935 157079238 183615 268906 78612 92444 2250000 1500000 66668 44703 2578895 1906053 X 116250526 116975679 14551824 14653186 23413690 23544320 154216040 155173185 156794935 157079238 X -2294580 2839364 412361 X X 0 1 X 1 0 X 1553840 2047710 1668957 2286248 1624026 9180781 1553840 2047710 1668957 2286248 1624026 9180781 1339469 7841312 2689956 3471491 4090457 4690174 5538486 20480564 29661345 4402687 0.26440 0.28770 X SCHEDULE A PAGE 2 PART II, SECTION C, LINE 17A The Eleutherian Mills-Hagley Foundation, a nonstock, not-for-profit educational corporation was incorporated in the State of Delaware on November 3, 1952. Donations of property were 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 the Foundation had been classified an organization described in Section 509 (a)(1) and 170(b)(1)(A)(vi), "under the facts and circumstance 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 totaled 5,772,000. 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. In June of 2014, Hagley became Delaware's first Smithsonian affiliate bringing increased national exposure to Hagley, its collections, its programs, and the museum empowering it to share our treasures with a larger audience. 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 to 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 3 million audiovisual items, and more than 450,000 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 690 scholars from around the world. The Center continues a beneficial relationship with the University of Delaware. In early 2015, a Hagley Does History! course was offered through the University of Delaware's OSHER program to 85 enrollees. Not long ago, the Hagley Oral History Project Office was created documenting the historical development of business organizations. The Foundation's principal support has historically come from endowments. Since 1978, with the formal creation of a development office, the Foundation 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 the Foundation. 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, as well as sponsor events raising funds for Hagley operations or special programs. The Foundation is governed by a board of sixteen 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 133255238 130630 8256766 8169819 133472815 140314489 125389 -163325 7021315 133255238 140075945 162950 6778074 6702480 140314489 125458239 505269 20692362 6579925 140075945 112474285 3303104 15667560 5986710 125458239 0.75150 0.17640 0.07210 0 0 1419399 1419399 27897606 15897439 12000167 4342017 2955510 1386507 2769919 982738 1787181 16593254 37834567 F Split Interest Agreement 3162817 F 40997384 Accrued Post Retirement Benefits 44703 44703 11513233 1110952 7677921 8788873 2724360 5418949 5418949 8143309 10556088 118199 118199 10437889 0 10437889 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 unrestricted net assets in the year in which the items are acquired or as decreases in temporarily restricted net assets 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: Endowment Draw 7,559,722. Cost of Goods Sold on Line 10b 72,950. Rental Expenses Reported on Line 6b 45,249. Part XI, Line 4b - Other Adjustments: Investment Income 5,274,527. Realized Gains on Investment Sales 144,422. Part XII, Line 2d - Other Adjustments: Cost of Goods Sold on Line 10b 72,950. Rental Expenses Reported on Line 6b 45,249. Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 Investment 21375229 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 0 Investment 7610270 0 0 0 0 0 0 28985499 0 28985499 0 0 0 0 1 0 1 Fellowship & research grants 42 30700 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. 42 grants were awarded in 2016. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 David Cole Director 180782 0 0 0 1932 0 13950 0 20624 0 217288 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 12 27581 PUBLICLY TRADED VALUE X 491 FASB ASC 958-360-25 0 1 0 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 9: Net unrealized gain on split interest trust agreement 412,361. Form 990, Part XI, Line 2c: The Audit and Finance Committee assumes oversight of the financial statements and the selection of the independent auditors.