2013-03-05T11:52:41-06:00 2012-06-30 510232475 COVER & ROSSITER PA 62 ROCKFORD ROAD WILMINGTON DE 19806 990 2011-07-01 510066038 The Henry Francis du Pont Winterthur Museum Inc HENR 3028884600 Route 52 Winterthur DE 19735 Robert Necarsulmer 3028884600 2013-03-04 1 Peter Kennedy P00571422 3026566632 2013-03-04 2011 2016-03-07 17:11:31Z Robert Necarsulmer Route 52 Winterthur DE 19735 143582012 0 X www.Winterthur.org X 1930 DE Winterthur's mission is to preserve and enhance the legacy of its founder, Henry Francis du Pont, for the benefit and enjoyment of the public, including: the care, development, and study of its preeminent collection of decorative and fine arts made or used in America; the enhancement and interpretation of one of America's finest naturalistic gardens; the operation of graduate programs in American material culture and art conservation at the highest academic level; the operation and development of a library to support these important cultural goals; and the preservation of the historically important buildings and grounds. 29 28 403 300 3034 -221283 8219235 7820761 1800618 1798613 17073714 4983408 1000100 1030139 28093667 15632921 410761 731923 0 0 10419305 22337547 0 0 1306808 12526749 11420526 23356815 34489996 4736852 -18857075 372021119 351191841 15260788 24143483 356760331 327048358 X Winterthur's mission is to preserve and enhance the legacy of its founder, Henry Francis du Pont, for the benefit and enjoyment of the public, including: the care, development, and study of its preeminent collection of decorative and fine arts made or used in America; the enhancement and interpretation of one of America's finest naturalistic gardens; the operation of graduate programs in American material culture and art conservation at the highest academic level; the operation and development of a library to support these important cultural goals; and the preservation of the historically important buildings and grounds. 0 0 10653654 1367376 Public Visitation, Membership, and Public Relations:Winterthur hosted 109,336 visitors for tours, educational programs, and special and community events during FY2012. Member households for the year totaled 8,102. Special tours of the house were added to complement the exhibition Uncorked: Wine, Objects and Tradition, as well as lecture series, special presentations by the curator, and related events. The 60th anniversary of Winterthur's graduate programs was commemorated in a new exhibition and related programs. Nearly 5,200 school children participated in offerings through the Public Programs Department and in addition we provided programs for regional libraries and also teacher training workshops. Garden programs attracted 2,092 participants at 258 programs and events. Winterthur gave approximately 51,000 guided garden tours. Nearly 2,500 members of the community learned about Winterthur through staff lectures at neighboring institutions and special programs.Winterthur welcomed new visitors through the presentation of four academic conferences, lecture series on decorative arts, history and garden topics,and collection workshops. There were 37 adult programs with an attendance of 2,675. There were also weekly family programs. The institution continued to publicize all offerings locally and nationally, with an emphasis on electronic media. 10556819 431237 Curatorial, Conservation, Education, Library Programs: Including Collection and Library Materials:Winterthur continued to attract audiences through our exhibition program. Made for the Trade: Native American Objects in the Winterthur Collection and Paint, Pattern & People: Furniture of Southeastern Pennsylvania both continued from the previous year. New exhibitions opening this year included With Cunning Needle: Four Centuries of Embroidery, A Lasting Legacy: Sixty Years of Winterthur Graduate Program. The gallery guide for With Cunning Needle is available online through Winterthur's website, and Uncorked! is also available as Winterthur's first online exhibition. Our collection database, a major project which began in 2005, will go online next financial year. In FY2012 we re-catalogued 1,632 objects and added 10,076 images to the database. This past year 16 graduate students were enrolled in the Winterthur Program in American Material Culture (administered with the University of Delaware), and 30 graduate students studied in the Winterthur/University of Delaware Program in Art Conservation. Graduates of these Master Degree programs serve in museums, historic houses, and conservation facilities in North America, Europe, and elsewhere. Additionally, Winterthur hosted 22 visiting scholars who availed themselves of the library collections to research various material culture and design topics.The conservation department worked with the University of Delaware, the Walters Art Museum and the United States Department of State in establishing a conservation training program in Erbil Iraq.The registration department inventoried over 35,595 objects, tracked and moved 16,260 objects and handled 51 loans with a total of 1,093 objects. The mission of the library is to acquire, catalog, preserve, and make its collections available to the public. During 2012 we added approximately 79 archival lots and 2,987 books and periodicals by purchase and gift; cataloged about 1,265 items; and lent 191 books via interlibrary loan. We welcomed approximately 803 visitors to the manuscript collection and circulated 3,914 items in the printed books collection. Staff added significantly to our electronic resources with the production of digital collections and organized three exhibitions based on library resources. Thanks to a generous grant supporting library staff development from the Andrew W. Mellon Foundation, library staff attended professional meetings they otherwise could not have gone to and traveled to England to study English design and archives management. 2964884 Garden Program:Winterthur maintains a world-renowned 200-acre naturalistic garden that welcomes visitors from all parts of the globe. The collection of rare and historic plants includes magnolias, azaleas, minor bulbs, conifers, and specimen trees. Significant varieties in the collection are tracked or "accessioned" through a records system, which currently includes more than 7500 accessions. In FY2012 we continued the restoration of numerous garden areas-including work in Enchanted Woods, the Sundial Garden, Sycamore Hill, and Oak Hill-and continued the restoration of ironwork and statuary in the Reflecting Pool and East Terrace areas. In addition, the horticulture internship program provided technical experience and on-the-job training to five students during the year. These interns were supplemented by eleven members of AmeriCorps who helped to complete several large invasive removal and cleanup projects.Winterthur's most significant garden project was the adaptive reuse of one of our early greenhouses to become our new Brown Horticulture Learning Center. This 3300 square foot facility will significantly increase our ability to do garden based programming and will accommodate groups as large as 136 for both classroom and hands on training. 2713732 612533 Marketing Program (Expenses $2,060,531)(Revenue $612,533):Winterthur signed five new and renewed two existing licensees that will broaden and deepen awareness of the institution with products tightly tied to the collection and museum offerings. Similarly, the retail stores have continued a relationship with Evergreen Enterprises to operate a larger e-commerce presence that will increase revenue opportunities while also expanding the visibility and knowledge of Winterthur.Publications Program (Expenses $653,201):In FY2012 the Winterthur Publications Office concentrated efforts on editing and photography for our next major publication, Stretch: America's First Family of Clockmakers; initiated editorial planning and photography for Printed Textiles: British and American Cottons and Linens; and secured publishers for two new volumes: Backstairs, American Style and Charles Magnus, Lithographer. We also continued to support the editorial needs of all museum departments with work on gallery and exhibition labels, newsletters, brochures, and marketing materials. In addition, three print issues of our academic journal, Winterthur Portfolio, reached the hands of 1,250 scholars and libraries, with the online versions serving an even wider audience. 2713732 612533 26889089 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 1 0 0 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 1 118 0 1 403 1 1 1 0 0 0 0 1 1 0 0 0 0 X 29 28 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X Robert Necarsulmer 3028884600 Winterthur Museum 5105 Kennett Pike Winterthur DE 19735 Dr David P Roselle 50.00 X X 279225 0 16225 Mr Rodman Ward Jr 1.00 X X 0 0 0 Mrs Elizabeth B Johnson 1.00 X X 0 0 0 Mr Pierre du Pont Hayward 1.00 X X 0 0 0 Ms Carol A Ammon 1.00 X 0 0 0 Mrs Penny M Ashford 1.00 X 0 0 0 Mrs Katharine P Booth 1.00 X 0 0 0 Mr David L De Luca 1.00 X 0 0 0 Mr William K du Pont 1.00 X 0 0 0 Mr Morrison H Heckscher 1.00 X 0 0 0 Mr John A Herdeg 1.00 X 0 0 0 Mr Frank L Hohmann III 1.00 X 0 0 0 Mrs Olivia Barclay Jones 1.00 X 0 0 0 Mrs Richard I G Jones 1.00 X 0 0 0 Mr Barron U Kidd 1.00 X 0 0 0 Mr Nicholas P Lambrow 1.00 X 0 0 0 Mr Joshua W Martin III 1.00 X 0 0 0 Mr John L McGraw 1.00 X 0 0 0 Mrs Elizabeth H Owens 1.00 X 0 0 0 Mr Bruce C Perkins 1.00 X 0 0 0 Mrs Lynn Springer Roberts 1.00 X 0 0 0 Mr Geoffrey M Rogers 1.00 X 0 0 0 Mr John A Sargent 1.00 X 0 0 0 Mr Mark E Stalnecker 1.00 X 0 0 0 Mrs Alice Cary Brown 1.00 X 0 0 0 Mr P Coleman Townsend Jr 1.00 X 0 0 0 Mrs Susan M Townsend 1.00 X 0 0 0 Mr James B Hawkes 1.00 X 0 0 0 Ms Robin E Sarratt 1.00 X 0 0 0 The Honorable W L Lyons Brown 1.00 X 0 0 0 Mr Samuel Schwartz 1.00 X 0 0 0 Mrs Greta B Layton 1.00 X 0 0 0 Mrs George P Bissell Jr 1.00 X 0 0 0 Mrs Robert W Duemling 1.00 X 0 0 0 Mrs Julia Bissell Leisenring 1.00 X 0 0 0 Ruth Lord 1.00 X 0 0 0 Mr Blaine T Phillips 1.00 X 0 0 0 Mr David D Wakefield 1.00 X 0 0 0 Mr David B Warren 1.00 X 0 0 0 Mr Charles O Wood III 1.00 X 0 0 0 Mr Edmond L Lincoln 1.00 X 0 0 0 Mr George A Weymouth 1.00 X 0 0 0 Mr Robert Necarsulmer 50.00 X 159275 0 2186 Ms Denise D Adams 50.00 X 69021 0 2267 Ms Jane Drummond 50.00 X 59060 0 2463 Mr Robert R Davis 50.00 X 180496 0 11690 Mr John Savage 50.00 X 142477 0 9280 Ms Lisbeth Selsor 50.00 X 133672 0 17519 Mr Brock Jobe 50.00 X 136255 0 3272 Mr Christopher Strand 50.00 X 123321 0 19745 1282802 0 84647 7 0 1 0 Limbach Company LLC 31-35th St Pittsburgh PA 15201 Equipment Maintenance 325572 Cambridge Associates 100 Summer Street Boston MA 02110 Investment Advisor 201058 SC&A Construction Inc 3411 Silverside Rd Wilmington DE 19810 Construction Contractor 191077 Connor Printing Inc 2977 Dutton Mill Rd Aston PA 19014 Printer 129461 Charles C Connell Company 1111 Greenbank Rd Wilmington DE 19808 Construction Contractor 107221 6 747739 443892 74256 303019 6251855 96803 7820761 Admissions 900099 1188130 1188130 Academic Programs Cost 900099 267917 267917 Usage Fees 900099 179246 179246 Teaching/Consulting 900099 32970 32970 130350 130350 1798613 2737806 2737806 207555 207555 484612 70914 413698 413698 413698 129180999 126933331 2066 2247668 -2066 2245602 2245602 236385 443892 443066 -206681 -206681 1115281 499714 615567 612533 3034 15632921 2411146 3034 5397980 731923 731923 650418 650418 9817438 8119517 1171938 525983 9375800 7348888 1523692 503220 1720659 1376058 283557 61044 773232 615351 121501 36380 110015 2531 107484 57960 57960 779987 779987 178618 98828 67134 12656 339874 339698 111 65 647790 536339 65867 45584 162020 162020 2394220 2240222 118889 35109 172645 129989 27522 15134 533545 458676 46849 28020 226239 226239 3916703 3400706 472436 43561 268540 601 267929 10 Gardens and grounds 307419 307419 Public visitation 271613 271613 Collection Acquisitions 261197 261197 Library materials 226378 226378 565763 423155 142566 42 34489996 26889089 6294099 1306808 2561501 1649527 4363943 4670607 273778 412693 392112 344563 76880 62608 97075715 62143046 35705703 34932669 130338003 115488119 197417909 192744234 891290 886821 372021119 351191841 2125170 2042828 222174 109515 4250000 4275000 6662671 6510919 2000773 11205221 15260788 24143483 X 306455144 276160162 27016743 24153887 23288444 26734309 356760331 327048358 372021119 351191841 X -18857075 -10854898 X X 0 1 1 X 0 X 6354092 6046710 4640487 8219235 7820761 33081285 6354092 6046710 4640487 8219235 7820761 33081285 3817492 29263793 6899806 5863075 4645023 3688136 3429973 24526013 57607298 19479538 0.50800 0.48560 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 1 331606281 3405865 -5867098 734195 16013936 779987 311616930 300886376 3916976 55259968 359561 27136439 961039 331606281 284579194 164852 35635149 346652 18372119 774048 300886376 367888107 471454 -64117573 346342 18467658 848794 284579194 0.84890 0.08580 0.06530 0 0 6705791 6705791 77616495 51494467 26122028 12753429 10648579 2104850 34932669 63509957 F Endowment Cash 6027503 F Limited Partnerships 58051059 F Private Equity Funds 50469900 F Other Mutual Funds 14685815 F 192744234 Construction in Process 336005 Life Insurance Receivable 431608 Debt Issuance Cost 119208 886821 Accrued pension expense 11033008 Bond Interest Swap Liability 172213 11205221 15632921 34489996 -18857075 -10854898 -10854898 -29711973 4940816 -10854898 942780 -9912118 14852934 779987 779987 15632921 34652789 942780 942780 33710009 779987 779987 34489996 Part III, Line 1a: In conformity with FASB ASC 958-605 (formerly Statement of Financial Accounting Standards, Number 116 - Accounting for Contributions Received and Contributions Made), the financial statements exclude the value of the collection objects and library holdings. No determination can be made as to the aggregate value of such items. Winterthur records proceeds from deaccessions and disbursements for current period accessions in the statement of activity as revenue and expenditures, respectively. Proceeds from sales of collection items are limited to the acquisition of other items for collections. Winterthur employs conservation and curatorial staff to ensure that the collection is protected and preserved. Part III, Line 4: Winterthur's collection of decorative and fine arts remains one of the best in the country, and objects are displayed in 175 museum rooms and 35,000 square feet of self-guided galleries. The collections include nearly 90,000 objects including furniture, architecture, textiles, paintings, metals, ceramics, glass, and works of art on paper. The comprehensive research library features books, periodicals, manuscripts, visual images, and ephemera. Much of the scholarship on early American material culture has been written on the basis of research conducted at Winterthur, via both its collection of objects as well as the material found in its library. The Winterthur Program in American Material Culture (WPAMC) is the country's leading graduate program in the study of American decorative arts and material life, and the Winterthur/University of Delaware Program in Art Conservation (WUDPAC) is one of only four graduate programs in the United States that educates and trains conservation professionals in multiple disciplines to care for our cultural heritage. Winterthur Museum, Garden & Library is committed to providing an array of artistic and educational programming. Currently, we are designing exhibitions, programs, and events that utilize our rich collection materials and vast knowledge base to appeal to Winterthur's traditional visitor while encouraging the patronage of a new, diverse, and intergenerational audience. Over the years, through innovative exhibitions, programs, and events, Winterthur has become a unique national treasure, a vital community resource, and a place that engages adults and youth in entertaining and memorable experiences that are relevant to their lives. Winterthur's goal has been to interpret its collections through enticing programs that help young visitors understand people, art, and landscapes-past and present. Culture enthusiasts and families with children make up the bulk of Winterthur's general attendance, of nearly 105,000 in 2011. Many of these visitors are cultural tourists and museum members who take garden tours, docent guided gallery tours, guided-period room tours, special focus tours, or partake in Winterthur's family and school programming. Winterthur offers eighteen interactive, curriculum-based and developmentally-appropriate programs for students in preschool through the 12th grade. These programs take place both at Winterthur and in school classrooms throughout the Delaware Valley as part of our school outreach program, and are often geared toward our changing exhibitions. Description of Uncertain Tax Positions Under FIN 48: Part X: Winterthur has adopted the provisions of FASB Interpretation No. 48 (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. Part XII, Line 2d - Other Adjustments: Special Event Expenses 443,066. Cost of Goods Sold 499,714. Part XIII, Line 2d - Other Adjustments: Special Event Expenses 443,066. Cost of Goods Sold 499,714. Europe 0 0 Investment 4679274 Caribbean 0 0 Investment 27392175 0 0 0 0 0 0 32071449 0 32071449 1 0 0 1 0 0 Point to Point Races 343515 319165 24350 14712 203070 Delaware Antiques Show 336762 124727 212035 22025 87879 115380 680277 443892 236385 22025 102591 318450 443066 -206681 1 Winterthur Program in American Material Culture 16 568717 Research Fellowship 31 118206 NEH Fellowship 3 45000 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The only disbursements made to non-affiliated persons in furtherance of its mission and exempt purpose are to graduate students (Winterthur Program in American Material Culture and the Winterthur/University of Delaware Program in Art Conservation) and research fellows (Research Fellowship Program). The graduate student awards are made according to admission procedures consistent with practices at the University of Delaware, which co-sponsors the awards, and supervised by University of Delaware faculty. All Research Fellowship awards are made according to selection procedures consistent with practices of the National Endowment for the Humanities, which funds some of the Fellowships. Graduate student award funds are monitored according to internal fiscal practices of both the Winterthur Museum and the University of Delaware. Research Fellowship expenditures are monitored by annual reports to NEH (for NEH-funded fellowships) and by monthly internal tracking of non-NEH fellowships. X 1 1 X X X 0 0 0 0 0 0 0 0 0 Dr David P Roselle 279225 0 0 0 0 0 16225 0 9345 0 304795 0 0 0 Mr Robert Necarsulmer 159275 0 0 0 0 0 2186 0 5872 0 167333 0 0 0 Mr Robert R Davis 180496 0 0 0 0 0 11690 0 738 0 192924 0 0 0 Mr John Savage 142477 0 0 0 0 0 9280 0 6079 0 157836 0 0 0 Ms Lisbeth Selsor 133672 0 0 0 0 0 4113 0 15108 0 152893 0 0 0 Delaware Economic Development Authority 510269736 2012-03-01 4335000 Refinance Series 2002 Bond Issue 0 0 0 4335000 4335000 91606 2003 1 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 1 Wells Fargo Bank NA 7.000000000000 1 0 0 0 1 Ruth Lord Daughter of Founder 0 Pursuant to bequest, she is given the right to use Residence #6 rent-free for life without paying maintenance costs. Winterthur was given the remainder interest in the property. Mrs. Lord is currently permitting Winterthur to use Residence #6 to house visiting scholars & associates. 0 Mr Joshua W Martin III Partner at law firm used by Winterthur 0 The Trustee does no work for the Winterthur account & no consideration is given to Winterthur's work with the firm in the determination of the amount of compensation the Trustee receives from the firm. It is also important to note that the Trustee was on the Winterthur Board for a number of years before he joined Potter, Anderson and Corroon. In addition, Potter, Anderson and Corroon was Winterthur's primary law firm for many years before the Trustee joined the firm. However, to preclude any conflict, Winterthur and the Trustee have agreed that he should serve on neither the Audit Committee nor the Human Resources Committee (which sets compensation for the Director). 0 Mr Nicholas P Lambrow Banking relationship with Trustee 0 Mr. Nicholas P. Lambrow became a Trustee of Winterthur in May 2012. Mr. Lambrow is President Delaware Region at M&T Bank. Winterthur has done business with M&T Bank and Wilmington Trust Company (which was acquired by M&T) for many years. Mr. Lambrow played no role in this business being awarded to M&T Bank and does not have any direct compensation tied to the retention of this business. Mr. Lambrow began service on the Finance Committee in early 2013 and will recuse himself from any future Finance Committee discussions that concern M&T Bank. 0 X 491 FASB ASC 958-360-25 X FASB ASC 958-360-25 X 20 96803 Fair Market Value 11 0 1 1 Third Party Use: Part I, Line 32b: Winterthur uses a brokerage account with an unrelated financial institution to process non-cash contributions of stock. Non Reporting of Revenue: Part I, Line 33: A zero amount is reported in Sch M, Part I, line 3(c), because Winterthur does not capitalize its collection, as allowed under FASB ASC 958-360-25 (formerly SFAS 116). Please note that 14 of the 491 contributed items was a Donative / Bargain Sale. Form 990, Part VI, Section A, line 2 Some Board members share a family relationship. Form 990, Part VI, Section B, line 11 The Audit Committee reviews the Form 990 before the return is signed and filed. Form 990, Part VI, Section B, line 12c Each Trustee must complete a Conflict of Interest Policy Disclosure Statement upon his/her election to the Board and annually thereafter. Board members are required to acknowledge a potential conflict to the Board prior to entering into a transaction with the Museum. 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 Chairman of the Board. The Chairman then brings the potential conflict to the Board for discussion when deemed possibly material. Form 990, Part VI, Section B, line 15 The Human Resources Committee of the Board of Trustees oversees a national salary survey every three years. The Committee also gathers local salary data to help establish current market values for the Museum's salaried positions. The collected survey data supports a salary structure that aligns every position within a salary range. The Human Resources Committee reviews all salary rates including the Executive Director and departmental Directors and then approves the rates of pay prior to budget approval for the next fiscal year. Form 990, Part VI, Section C, line 19 While the Museum routinely provides copies of the audited financial statements when requested,it has never received a request for its conflict of interest policy or governing documents. Although there is no legal requirement that it do so, in the interest of transparency, requests of this nature will be evaluated by the Museum and responded to on a case by case basis. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized losses on investments: -10,854,898. Form 990, Part XII, Line 2c Winterthur has an Audit Committee that is responsible for the selection and oversight of the independent auditor. Friends of Winterthur Rt 52 Winterthur DE 19735 516018240 Develop Winterthur as a research center for scholars to study art & culture DE 501(c)(3) 509(a)(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0