2012-05-15T08:52:20-05:00 2011-06-30 COVER & ROSSITER PA 62 ROCKFORD ROAD WILMINGTON DE 19806 990 2010-07-01 510066038 The Henry Francis du Pont Winterthur Museum Inc HENR 3028884600 Route 52 Winterthur DE 19735 Robert Necarsulmer 3028884600 2012-05-15 1 Peter Kennedy 3026566632 2012-05-08 2010 2016-02-24 21:20:13Z Robert Necarsulmer Route 52 Winterthur DE 19735 226941469 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. 31 30 414 300 21058 -405417 4640487 8219235 2007843 1800618 3818824 17073714 1101110 1000100 11568264 28093667 426709 410761 0 0 20984013 10419305 0 0 674687 12576844 12526749 33987566 23356815 -22419302 4736852 343287417 372021119 29604280 15260788 313683137 356760331 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 7778758 1769130 Public Visitation, Membership, and Public Relations:Winterthur hosted 104,914 visitors for tours, educational programs, and special and community events during FY11. Member households for the year totaled 8,088. Two enhanced tours of the house were added to complement the exhibition Paint, Pattern & People, as well as lecture series and special presentations by curators. The 50th anniversary of Winterthur's School Programs expanded offerings and brought in many groups on scholarship. There were also a number of teacher training workshops. Nearly 5,500 schoolchildren participated in these offerings through the Public Programs Department. Garden programs attracted 2,672 participants at 52 programs. Winterthur gave approximately 4,000 guided garden tours. Nearly 2,000 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, a decorative arts and garden lecture series, collection workshops, and weekly family programs. The institution continued to publicize all offerings locally and nationally, with an emphasis on electronic media, and launched a redesigned Web site. 7069661 31488 Curatorial, Conservation, Education, Library Programs: Including Collection and Library Materials:Winterthur continued to attract audiences through our exhibition program. Four exhibitions were opened this year: Betsy Ross: The Life Behind the Legend; Made for the Trade: Native American Objects in the Winterthur Collection; and Paint, Pattern & People: Furniture of Southeastern Pennsylvania; and Winterthur Collects What? : A Bird's Eye View. The exhibition American Quilts: Selections from the Winterthur Collection was exhibited at the Virginia Museum of Fine Arts in Richmond, Virginia.In 2005 Winterthur embarked on a major project to upgrade the catalogue records for the collection as well as create new and digitize existing images with the goal of putting the collection online. In FY2011 we re-catalogued 15,620 objects and added 17,811 new images to the collection 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 Masters 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 25,000 objects, tracked and moved 16,945 objects and handled 153 loaned objects. The mission of the library is to acquire, catalog, preserve, and make its collections available to the public. During 2011 we added approximately 100 archival lots and 2,257 books and periodicals by purchase and gift; cataloged about 1,133 items; and lent 154 books via interlibrary loan. We welcomed approximately 1,573 visitors to the manuscript collection and circulated 4,149 items in the printed books collection. Staff added significantly to our electronic resources with the production of digital collections and organized five exhibitions based on library resources. 1724887 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 7,500 plants. In FY11 we continued the restoration of numerous garden areas-including Azalea Woods, March Bank, Oak Hill, and the Peony Garden-and completed the restoration of ironwork and statuary in the Reflecting Pool area. In addition, the horticulture internship program provided technical experience and on-the-job training to five students during the year. 1836747 614764 Marketing Program (Expenses $1,400,654)(Revenue $614,764):Winterthur signed three new and renewed three 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 developed a new relationship with Evergreen Enterprises/ Plow and Hearth, Inc. to establish a larger e-commerce presence that will increase revenue opportunities while also expanding the visibility and knowledge of Winterthur.Publications Program (Expenses $436,093):In FY11 Winterthur published a landmark exhibition catalogue entitled Paint, Pattern & People: Furniture of Southeastern Pennsylvania, 1725-1850. The Publications Office also began photographic work and editorial planning for our next book, Stretch: America's First Family of Clockmakers; secured a co-publisher for a revised edition of Printed Textiles: English and American Cottons and Linens; and supported the editorial needs of all institutional departments with work on gallery labels, newsletters, brochures, and marketing ads. Winterthur Portfolio, the museum's academic journal, continues to be regarded as the premier vehicle for the dissemination of new research in the field of material culture. 1836747 614764 18410053 1 1 0 0 0 0 1 0 1 1 1 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 1 116 0 1 414 1 1 1 0 0 0 0 1 1 0 0 0 0 X 31 30 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 X 254720 0 20488 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 Mrs Cecile Drackett Allyn 1.00 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 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 Mrs Greta B Layton 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 Richard W Vieser 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 Dr Thomas R Ryan 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 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 X 161923 0 1952 Ms Denise D Adams 50.00 X 71869 0 2152 Ms Jane Drummond 50.00 X 59945 0 2318 Mr Robert R Davis 50.00 X 163221 0 11868 Mr John Savage 50.00 X 144566 0 9415 Ms Lisbeth Selsor 50.00 X 135956 0 17131 Mr Brock Jobe 50.00 X 138783 0 3069 Mr Christopher Strand 50.00 X 125364 0 19746 1256347 0 88139 12 0 1 0 SC&A Construction Inc 3411 Silverside Rd Wilmington DE 19810 Construction Contractor 500213 Limbach Company LLC 31-35th St Pittsburgh PA 15201 Equipment Maintenance 261607 Charles C Connell Company 1111 Greenbank Rd Wilmington DE 19808 Construction Contractor 202628 Cambridge Associates 100 Summer Street Boston MA 02110 Investment Advisor 195049 N Barton & Associates 3629 Old Capitol Trl Wilmington DE 19808 Construction Contractor 143813 10 825338 445180 54118 6894599 93309 8219235 Admissions 900099 1325177 1325177 Usage Fees 900099 238175 238175 Exhibition Participati 900099 70565 70565 Teaching/Consulting 900099 31488 31488 135213 135213 1800618 3063663 3063663 197663 197663 426810 59396 367414 367414 367414 211785991 17185 197793125 13992866 17185 14010051 14010051 222084 445180 422883 -200799 -200799 1208220 572398 635822 614764 21058 28093667 2415382 21058 17437992 410761 410761 649573 649573 9702083 8008814 1161563 531706 -2353255 -1726763 -504639 -121853 1691384 1359057 272274 60053 729520 588421 105801 35298 76976 14526 62450 54000 54000 961039 961039 124302 65586 45858 12858 333068 332820 103 145 747383 642906 77058 27419 181974 181974 2597117 2431345 127759 38013 143094 114023 12452 16619 630306 547633 55034 27639 235102 235102 4093726 3562025 484939 46762 266475 266475 Collection Acquisitions 640652 640652 Public visitation 418205 418205 Gardens and grounds 288400 288400 Library materials 222045 222045 Collection Conservation 157128 157128 355757 332469 23260 28 23356815 18410053 4272075 674687 656004 2561501 1520620 4363943 540979 273778 390597 392112 51357 76880 99711239 64005536 38060030 35705703 143336232 130338003 157536638 197417909 1194960 891290 343287417 372021119 3159348 2125170 192006 222174 4250000 4250000 6695246 6662671 15307680 2000773 29604280 15260788 X 271397751 306455144 22868527 27016743 19416859 23288444 313683137 356760331 343287417 372021119 X 4736852 38340342 X X 0 1 1 X 0 X 6697896 6354092 6046710 4640487 8219235 31958420 6697896 6354092 6046710 4640487 8219235 31958420 2992784 28965636 6598673 6899806 5863075 4645023 3688136 27694713 59653133 21766105 0.48560 0.46350 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 1 300886376 3916976 55259968 359561 27136439 961039 331606281 284579194 164852 35635149 346652 18372119 774048 300886376 367888107 471454 -64117573 346342 18467658 848794 284579194 0.86120 0.07020 0.06860 0 0 6705791 6705791 75581748 48759089 26822659 17423700 15246447 2177253 35705703 64381087 F Endowment Cash 6191176 F Limited Partnerships 53388398 F Private Equity Funds 57077775 F Other Mutual Funds 16379473 F 197417909 Construction in Process 451050 Life Insurance Receivable 415081 Debt Issuance Cost 25159 891290 Accrued pension expense 1855163 Bond Interest Swap Liability 145610 2000773 28093667 23356815 4736852 38340342 38340342 43077194 66468251 38340342 995281 39335623 27132628 961039 961039 28093667 23391057 995281 995281 22395776 961039 961039 23356815 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 422,883. Cost of Goods Sold 572,398. Part XIII, Line 2d - Other Adjustments: Special Event Expenses 422,883. Cost of Goods Sold 572,398. Point to Point Races 329591 312700 16891 28904 175049 Delaware Antiques Show 337673 132480 205193 31332 61941 125657 667264 445180 222084 31332 90845 300706 422883 -200799 1 Winterthur Program in American Material Culture 16 296000 Research Fellowship 30 94761 NEH Fellowship 1 20000 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 254720 0 0 0 0 0 12250 0 9091 0 276061 0 0 0 Mr Robert Necarsulmer 161923 0 0 0 0 0 1952 0 5870 0 169745 0 0 0 Mr Robert R Davis 163221 0 0 0 0 0 11868 0 989 0 176078 0 0 0 Mr John Savage 144566 0 0 0 0 0 9415 0 6064 0 160045 0 0 0 Ms Lisbeth Selsor 135956 0 0 0 0 0 3811 0 14993 0 154760 0 0 0 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 X 154 0 FASB ASC 958-360-25 X 0 FASB ASC 958-360-25 X 20 93309 Fair Market Value 2 0 1 1 Third Party Use: Part I, Line 32b: Deaccessioned material is sold through public auction houses (ie. Pook & Pook, Inc. and Christie's). 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 one of the 154 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 gains on investments: 38,340,342. Form 990, Part XI, 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