2013-09-15T13:48:27-05:00 2012-12-31 510232475 Cover & Rossiter PA 62 Rockford Road Suite 200 Wilmington DE 19806 990 2012-01-01 510070531 Eleutherian Mills-Hagley Foundation Inc ELEU 3026582400 PO Box 3630 Wilmington DE 198070630 Jeanne Belk 3026582400 2013-08-27 1 Peter Kennedy P00571422 3026566632 2013-08-27 2012 2016-02-24 21:20:13Z Jeanne Belk PO Box 3630 Wilmington DE 198070630 21110079 0 X www.hagley.org X 1952 DE Hagley Museum and Library collects, preserves, and interprets the unfolding history of American enterprise. 17 16 178 510 28268 -6111 1527619 4375039 629839 647474 6386223 3512259 335782 299566 8879463 8834338 29750 42600 0 0 5356747 5526595 0 0 268861 4214525 3943655 9601022 9512850 -721559 -678512 139208199 150635361 381310 362111 138826889 150273250 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 4243260 560989 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 2012 total attendance was 66,961, consisting of 23,447 general admission; 11,783 school and youth tours; 3,223 adult tours; and 28,508 special event admissions. 3641640 42600 Hagley's Research Library responded to over 3,474 researchers in 2012, resulting in a total of 12,605 reference transactions. The Imprints department answered requests from 779 individuals, utilizing 3,692 rare books and trade catalogues. The Manuscripts and Archives department responded to questions from 2,266 researchers, utilizing 4,028 linear feet of material. The Pictorial department responded to 643 researchers using 4,815 collection items. The Digital Collections department saw 1,267,415 page visits. Staff catalogued 7,409 books and collection items and processed 509 linear feet of manuscripts, archives or pictorial collections. Cataloguing staff contributed 833 authority records to the national database. Our Conservation Lab extended 6,097 treatments to Library Division materials. Overall, the Library produced eight exhibitions and processed roughly 1,000 linear feet of acquisitions / accessions. The Center for History of Business, Technology and Science funded 37 of 58 grant applications, held one conference and one symposium, initiated a new bi-annual public lecture series, held six seminars and organized the Business History Conference annual meeting. Our public events of conferences, lectures and tours exposed Hagley to more than 5,500 visitors. 150141 149136 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. 8035041 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 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 44 0 1 178 1 1 1 0 0 0 0 0 0 0 0 0 X 17 16 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Business Office 3026582400 298 Buck Road East Wilmington DE 198070630 Mr Henry B du Pont IV 3.00 X X 0 0 0 Mr Howard E Cosgrove 1.00 X X 0 0 0 Ms Ann C Rose 1.00 X X 0 0 0 Mr Augustus I du Pont 1.00 X X 0 0 0 Mr E Matthew Brown 1.00 X 0 0 0 Mr Edward J Bassett 1.00 X 0 0 0 Ms Carol A Ammon 1.00 X 0 0 0 Mr Edward B du Pont 1.00 X 0 0 0 Dr Thomas M Connelly Jr 1.00 X 0 0 0 Mr Blaine T Phillips 1.00 X 0 0 0 Dr Louis Galambos 1.00 X 0 0 0 Mr Robert V A Harra Jr 1.00 X 0 0 0 Mr Charles M Elson 1.00 X 0 0 0 Ms Darla L Pomeroy 1.00 X 0 0 0 Mr M Gary Talley 1.00 X 0 0 0 Dr JoAnne Yates 1.00 X 0 0 0 Mr Geoffrey Halfpenny 35.00 X 165078 0 12477 Ms Marjorie P Kelly 35.00 X 40721 0 14812 Ms Jeanne L Belk 35.00 X 81685 0 19161 Joan Hoge-North 35.00 X 105900 0 8497 393384 0 54947 2 0 1 0 Frens & Frens LLC 120 S Church Street West Chester PA 19382 Site preservation survey 178887 Cambridge Associates LLC PO Box 10317 Uniondale NY 11555 Investment Management 151440 Fireworks by Grucci Inc One Grucci Lane Brookhaven NY 11719 Special Events 102000 3 4375039 25140 4375039 Special Events Revenue 900099 414432 414432 Admissions 900099 233042 233042 647474 2448859 2448859 241097 32450 208647 208647 208647 13229162 12165762 1063400 1063400 1063400 144866 77529 67337 39069 28268 Miscellaneous Visitor & Photocopy 900099 23582 23582 23582 8834338 710125 28268 3720906 42600 42600 476643 316849 159794 3901796 3631916 142833 127047 282092 206823 49260 26009 553375 455483 51632 46260 312689 290348 13516 8825 31592 31592 528342 528342 68029 42151 23438 2440 135150 135150 264452 201425 19515 43512 1062375 955184 103921 3270 34983 28728 3924 2331 920022 920022 296404 247513 39724 9167 Restricted Expenses App 303908 262850 41058 Special Events Producti 186048 186048 Library Division 105055 105055 Miscellaneous expense 7295 6896 399 9512850 8035041 1208948 268861 1291953 697400 925698 807833 84531 18353 94340 96268 88952 400956 34778823 16612735 18626660 18166088 85358860 94086703 32737205 36361760 139208199 150635361 181642 166885 58385 65332 141283 129894 381310 362111 X 108460671 115158919 10816915 12449467 19549303 22664864 138826889 150273250 139208199 150635361 X -678512 12157388 -32515 X X 0 1 X 1 0 X 3223089 1463916 2086568 1527619 1553840 9855032 3223089 1463916 2086568 1527619 1553840 9855032 2156431 7698601 3608430 2215696 2254048 2344826 2689956 13112956 22967988 3880345 0.33520 0.35220 X Schedule A, Part IV, List of Unusual Grants: Beneficiary of Estate Date: 07/31/12 Amount: 2821199. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 112474285 3303104 15667560 5986710 125458239 121525449 488254 -3226879 6217797 94742 112474285 111448118 1582285 14772712 6274970 2696 121525449 93740835 570598 23904394 6619426 148283 111448118 136793360 854687 -37532871 6374341 93740835 0.75630 0.18070 0.06300 0 0 1419399 1419399 27159339 13287957 13871382 3586418 2581714 1004704 2613667 743064 1870603 18166088 34533593 F Split Interest Agreement 1828167 F 36361760 Accrued Post Retirement Benefits 129894 129894 X 10890426 5568347 5568347 5322079 3512259 3512259 8834338 9622829 109979 109979 9512850 0 9512850 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. Description of Intended Use of Endowment Funds: 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. Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: Hagley has adopted the provisions of FASB ASC 740-10-50, Accounting for Uncertainty in Income Taxes. Management continually evaluates uncertain tax positions and expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings, as applicable. Management's evaluation is that there is no income tax liability. This evaluation is based on settled and established positions within the Internal Revenue Code and management believes there is no significant uncertainty related to its evaluation. Hagley's policy is to expense all interest and penalties, if any, as incurred. No amounts of interest or penalties were recognized by Hagley during the year ended December 31, 2012. No tax years prior to 2009 remain subject to examination by federal jurisdictions. Part XI, Line 2d - Other Adjustments: Endowment Draw 5,458,368. Cost of Goods Sold on Line 10b 77,529. Rental Expenses Reported on Line 6b 32,450. Part XI, Line 4b - Other Adjustments: Investment Income 2,448,859. Realized Gains on Investment Sales 1,063,400. Part XII, Line 2d - Other Adjustments: Cost of Goods Sold on Line 10b 77,529. Rental Expenses Reported on Line 6b 32,450. Central America and the Caribbean 0 0 Investment 19837959 0 0 0 0 0 0 19837959 0 19837959 0 0 0 0 0 0 1 Fellowship & research grants 33 42600 FMV Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, 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. 33 grants were awarded in 2012. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 Mr Geoffrey Halfpenny 159709 0 0 0 5369 0 12477 0 14230 0 191785 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 14 25140 PUBLICLY TRADED VALUE X 456 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 11 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. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 9: Net unrealized loss on split interest trust agreement -32,515. Form 990, Part XI, Line 2c: The Finance Committee assumes oversight of the financial statements and the selection of the independent auditors.