2013-08-09T13:33:16-05:00 2012-12-31 510076769 GUNNIP & COMPANY LLP 2751 CENTERVILLE RD STE 300 WILMINGTON DE 19808 990 2012-01-01 510065746 DELAWARE ART MUSEUM INC DELA 3025719590 2301 KENTMERE PARKWAY WILMINGTON DE 19806 MICHAEL R MILLER 3023518532 2013-08-07 1 ROBERT D MOSCH JR P00357449 3022255000 2012 2016-02-24 21:20:13Z DANIELLE RICE 2301 KENTMERE PKWY WILMINGTON DE 19806 5682734 0 X WWW.DELART.ORG X 1912 DE COLLECT,PRESERVE,EXHIBIT, & INTERPRET WORKS OF ART 24 24 71 310 0 0 6820098 2381690 305122 308077 759456 1111615 -238143 -358468 7646533 3442914 0 0 0 0 1650013 1719670 0 0 327430 3300765 2912058 4950778 4631728 2695755 -1188814 52682745 53359429 21680808 21423580 31001937 31935849 THE MUSEUM'S MISSION IS TO CONNECT PEOPLE TO ART, OFFERING AN INCLUSIVE AND ESSENTIAL COMMUNITY RESOURCE THAT THROUGH ITS COLLECTIONS, EXHIBITIONS, AND PROGRAMS GENERATES CREATIVE ENERGY THAT SUSTAINS, ENRICHES, EMPOWERS, AND INSPIRES. 0 0 2454418 117911 CURATORIAL EXPENSES FOR THE CONSERVATION & EXHIBITION OF ART 607888 214014 EDUCATION 3062306 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 53 0 1 71 1 0 0 0 0 0 1 1 0 0 0 0 X 24 24 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X X STACEY HARTNETT 3023518533 2301 KENTMERE PKWY WILMINGTON DE 19806 ALICIA HUGHES 1.00 X 0 0 0 ALYSSA S O'CONNELL 1.00 X 0 0 0 ANDREW T ROWE 1.00 X 0 0 0 ANNETTE WOOLARD-PROVINE 1.00 X 0 0 0 BROCK J VINTON 1.00 X X 0 0 0 CAROL S ROTHSCHILD 1.00 X 0 0 0 CAROLYN S BURGER 1.00 X 0 0 0 CHARLES M ELSON 1.00 X 0 0 0 CHRISTOPHER D SARIDAKIS 1.00 X 0 0 0 DANIEL M KRISTOL 1.00 X X 0 0 0 DAVID G BILLS 1.00 X 0 0 0 DON DEWEES SR 1.00 X 0 0 0 DONALD J PUGLISI 1.00 X X 0 0 0 ELVA B FERRARI 1.00 X X 0 0 0 GERRET VAN S COPELAND 1.00 X X 0 0 0 JOAN L SHARP 1.00 X 0 0 0 JOANNE K SUNDHEIM 1.00 X 0 0 0 JOHN P GARNIEWSKI 1.00 X 0 0 0 JOSEPHINE VASSALLO 1.00 X 0 0 0 MARIA M BUCCINI 1.00 X 0 0 0 MICHAEL R MILLER 20.00 X X 38523 0 1151 P COLEMAN TOWNSEND 1.00 X 0 0 0 PAULA J MALONE 1.00 X 0 0 0 RICHARD J IMMESBERGER 1.00 X 0 0 0 ROBERT J KRAPF 1.00 X 0 0 0 ROBERTS W BROKAW III 1.00 X 0 0 0 STUART M GRANT 1.00 X 0 0 0 UMA CHOWDHRY 1.00 X 0 0 0 WANDA M LOPEZ 1.00 X 0 0 0 DANIELLE RICE 40.00 X 156503 0 4553 195026 0 5704 1 0 1 0 ALLIED BARTON SECURITY SERVICE PO BOX 828854 PHILADELPHIA PA 19182 CONTRACT SECURITY 222967 SODEXO INC 2301 KENTMERE PARKWAY WILMINGTON DE 19806 CATERING 107656 2 167506 30285 95690 2088209 411853 2381690 EDUCATION 611710 214014 214014 CURATORIAL 900099 51756 51756 ADMISSIONS 900099 42307 42307 308077 697204 697204 1957017 1542606 414411 414411 414411 71473 30285 73569 -2096 -2096 243425 623645 -380220 -380220 MISCELLANEOUS 900099 23848 23848 23848 3442914 331925 0 729299 X 200730 200730 1518940 920272 382224 216444 94072 73291 7196 13585 64374 14059 45160 5155 115321 34942 80379 DEPRECIATION 735505 650121 66174 19210 ALLOCATION OF MAINTENAN 649395 574008 58427 16960 BOND INTEREST AND OTHER 521122 521122 EXHIBITS 233218 233218 499051 562395 -119420 56076 4631728 3062306 1241992 327430 817550 330478 3408455 2460334 8801 223188 370821 310692 166856 139831 37266360 11629243 26477554 25637117 20576287 23340096 856421 917693 52682745 53359429 199041 251065 60734 25664 20800000 20800000 621033 346851 21680808 21423580 X 24989042 26595630 3449889 2715941 2563006 2624278 31001937 31935849 52682745 53359429 -1188814 2122726 0 X X 0 1 X 1 0 X 1923748 1806996 1691663 6729166 2381690 14533263 605318 276862 281005 305122 308077 1776384 2529066 2083858 1972668 7034288 2689767 16309647 1448640 214742 471338 2200049 420076 4754845 0 1448640 214742 471338 2200049 420076 4754845 11554802 455126 458792 399970 521204 697204 2532296 455126 458792 399970 521204 697204 2532296 2984192 2542650 2372638 7555492 3386971 18841943 0.61320 0.65140 0.13440 0.11350 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 23843454 755302 2999715 2612248 24986223 26018138 4961317 -376137 6759864 23843454 24288259 803680 2470507 1814308 26018138 21032245 639318 5871510 3254814 24288259 33440521 966600 -9854488 3520388 21032245 0.78630 0.10500 0.10870 1 0 608260 608260 34818390 10052575 24765815 30862 10334 20528 1808848 1566334 242514 25637117 CURRENT VALUE OF DERIVATIVE INSTRUMENT 346851 346851 5565640 2122726 2122726 3442914 0 3442914 4631728 0 4631728 0 4631728 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENT EARNINGS ARE USED BY THE MUSEUM TO FUND MUSEUM OPERATIONS AND ART AND CAPITAL ACQUISITIONS. THE MUSEUM HOUSES 12,000 WORKS OF ART, INCLUDING MAJOR COLLECTIONS OF AMERICAN AND BRANDYWINE VALLEY ILLUSTRATORS (INCLUDING HOWARD PYLE), THE LARGEST COLLECTION OF PRE-RAPHAELITE ART OUTSIDE ENGLAND, CONTEMPORARY REGIONAL AND BRANDYWINE VALLEY ARTISTS, WORK BY AMERICAN ARTIST JOHN SLOAN, AS WELL AS A SURVEY OF AMERICAN ART IN VARIOUS MEDIA (1757 - PRESENT). THE MUSEUM'S HELEN FARR SLOAN LIBRARY & ARCHIVES CONTAINS OVER 38,000 ART AND REFERENCE VOLUMES AS WELL AS OVER 2,000 LINEAR FEET OF MANUSCRIPT AND ARCHIVAL MATERIAL RELATED TO THE COLLECTIONS. IN ADDITION, THE MUSEUM HAS THE ONLY SCULPTURE GARDEN IN THE REGION. SCHEDULE D, PART X, LINE 2: THE MUSEUM IS EXEMPT FROM INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE BUT CAN BE SUBJECT TO TAX ON UNRELATED TRADE OR BUSINESS INCOME; ACCORDINGLY, THERE IS NO INCOME TAX PROVISION. THE MUSEUM FOLLOWS FASB ASC 740- INCOME TAXES. FOR THE YEARS ENDED DECEMBER 31, 2012 AND 2011, THE MUSEUM HAS DETERMINED IT DID NOT HAVE A MATERIAL TAX LIABILITY FOR UNCERTAIN TAX POSITIONS. THE MUSEUMS POLICY FOR PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES IS TO INCLUDE THEM IN ADMINISTRATIVE EXPENSES. FOR THE YEARS ENDED DECEMBER 31, 2012 AND 2011, THE MUSEUM DID NOT INCUR ANY INTEREST AND PENALTIES FROM TAXING AUTHORITIES. THE 2009, 2010 AND 2011 FEDERAL RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) FOR THE MUSEUM ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. CONCERTS ON KENTMERE 36460 23035 13425 8085 14100 1530 HOLIDAY HOUSE TOUR 26213 7250 18963 237 3887 1 12410 12410 8708 600 3290 75083 30285 44798 17030 14700 8707 40437 4361 X X X X 0 0 0 0 0 0 0 0 0 DANIELLE RICE 154127 0 0 0 2376 0 4553 0 0 0 161056 0 0 0 A CITY OF WILMINGTON DELAWARE 510176414 971604AB9 2003-05-23 RENOVATE & EXPAND DELAWARE ART MUSEUM BUILDING 0 0 0 A 2005 0 0 0 0 A 0 0 0 0 0 0 0 A 0 0 1 0 1 1 WACHOVIA 10.000000000000 0 0 0 0 0 X 33 0 X 0 X 9 411853 AVERAGE HIGH & LOW 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE MUSEUM CONSIST OF PERSONS WHO PAY DUES ESTABLISHED FOR ANY CLASS OF MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A ANNUAL MEETINGS OF THE MEMBERSHIP ARE HELD TO VOTE ON THE ELECTION OF TRUSTEES AND REVIEW THE BUSINESS OF THE MUSEUM. FORM 990, PART VI, SECTION B, LINE 11 THE MUSEUM'S BY-LAWS GIVES RESPONSIBILITY FOR OVERSEEING THE FILING OF FORM 990 TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE AUDIT COMMITTEE REVIEWS THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE MUST CERTIFY ANNUALLY THAT THEY HAVE REVIEWED THE ETHICS GUIDELINES FOR TRUSTEES AND DISCLOSE ANY POSSIBLE VIOLATION OF THE PRINCIPLES SET FORTH THEREIN. SIMILARLY, EVERY YEAR ALL EMPLOYEES MUST CERTIFY THAT THEY HAVE REVIEWED THE EMPLOYEE CODE OF ETHICS AND DISCLOSE ANY POSSIBLE VIOLATION OF THE PRINCIPLES SET FORTH THEREIN. ALL DISCLOSURES ARE REVIEWED BY THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 THE BY-LAWS REQUIRE THAT THE COMPENSATION FOR THE EXECUTIVE DIRECTOR AND CHIEF FINANCIAL OFFICER BE SET BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. IN ESTABLISHING THE LEVEL OF COMPENSATION THE COMMITTEE FOLLOWS THE PROCESS DESCRIBED BELOW WHICH IS USED BY MANAGEMENT IN ESTABLISHING COMPENSATION FOR EMPLOYEES. A POSITION DESCRIPTION IS PREPARED AND PERIODICALLY UPDATED FOR EACH POSITION IN THE MUSEUM. COMPENSATION GUIDELINES FOR EACH POSITION ARE ESTABLISHED BY THE HUMAN RESOURCES MANAGER BY BENCHMARKING THE POSITIONS AGAINST THE SAME OR SIMILAR POSITIONS IN OTHER MUSEUMS AND/OR OTHER LOCAL ENTITIES WHICH EMPLOY INDIVIDUALS WHO WOULD COMPETE FOR THE POSITION (E.G., A DEVELOPMENT POSITION IN OTHER NOT-FOR-PROFIT ORGANIZATIONS WOULD COMPETE FOR A MUSEUM DEVELOPMENT POSITION). SALARY RANGE BENCHMARKS ARE ESTABLISHED BY USING SURVEYS CONDUCTED BY THE ASSOCIATION OF ART MUSEUM DIRECTORS (AAMD), THE NON-PROFIT TIMES AND SURVEYS OF LOCAL NOT-FOR-PROFIT ORGANIZATIONS. THE MUSEUM ENDEAVORS TO SET EACH EMPLOYEES SALARY WITHIN THE SALARY RANGE BASED ON THE EMPLOYEES DEMONSTRATED LEVEL OF COMPETENCIES (E.G., SOMEONE WHO HAS MANY YEARS OF EXPERIENCE IN A POSITION AT ANOTHER MUSEUM WOULD BE PLACED ABOVE THE MEAN SALARY FOR THAT POSITION AND SOMEONE WHO IS NEW TO A POSITION WOULD BE PLACED BELOW THE MEAN AND WOULD MOVE AS COMPETENCIES ARE DEMONSTRATED). FORM 990, PART VI, SECTION C, LINE 19 THE MUSEUM'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON ITS WEBSITE. THE MUSEUM'S FORM 990, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST STATEMENT ARE AVAILABLE ON REQUEST. ALL OTHER FUNCTIONAL EXPENSES FORM 990, PART IX, LINE 24E CONTRACT SECURITY SERVICES: PROGRAM SERVICE EXPENSES 204,775. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 210. TOTAL EXPENSES 204,985. COLLECTION ASSESSIONS: PROGRAM SERVICE EXPENSES 170,012. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 170,012. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 15,382. MANAGEMENT AND GENERAL EXPENSES 74,282. FUNDRAISING EXPENSES 25,130. TOTAL EXPENSES 114,794. CONSERVATION AND COLLECTION CARE: PROGRAM SERVICE EXPENSES 73,799. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 73,799. OTHER: PROGRAM SERVICE EXPENSES 16,357. MANAGEMENT AND GENERAL EXPENSES 41,649. FUNDRAISING EXPENSES 12,205. TOTAL EXPENSES 70,211. PRINTING: PROGRAM SERVICE EXPENSES 33,608. MANAGEMENT AND GENERAL EXPENSES 15,106. FUNDRAISING EXPENSES 8,306. TOTAL EXPENSES 57,020. POSTAGE AND SHIPPING: PROGRAM SERVICE EXPENSES 8,491. MANAGEMENT AND GENERAL EXPENSES 22,547. FUNDRAISING EXPENSES 401. TOTAL EXPENSES 31,439. PROGRAMS: PROGRAM SERVICE EXPENSES 30,788. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 30,788. MAINTENANCE: PROGRAM SERVICE EXPENSES 9,183. MANAGEMENT AND GENERAL EXPENSES 1,178. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,361. SPECIAL EVENTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 9,824. TOTAL EXPENSES 9,824. APPRECIATION OF FAIR VALUE DERIVATIVE INSTRUMENT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES -274,182. FUNDRAISING EXPENSES 0. TOTAL EXPENSES -274,182. THE PROCESS FOR OVERSIGHT OF THE AUDITED FINANCIAL STATEMENTS AND SELECTING THE OUTSIDE INDEPENDENT AUDITORS HAS NOT CHANGED FROM THE PRIOR YEAR.