2012-11-13T13:23:39-06:00 2012-06-30 221478099 COHNREZNICK LLP 76 BATTERSON PARK ROAD FARMINGTON CT 06032 990 2011-07-01 060653111 WADSWORTH ATHENEUM MUSEUM OF ART WADS 8602782670 600 MAIN STREET HARTFORD CT 06103 JUDITH MIHALKO 8608384065 2012-11-13 1 PATRICIA E MCGOWAN CPA P00184514 8606786000 2011 2016-02-24 21:20:13Z SUSAN TALBOTT 600 MAIN STREET HARTFORD CT 06103 99378223 0 X WWW.WADSWORTHATHENEUM.ORG X 1842 CT HOLDING ITS COLLECTION IN TRUST FOR ALL PEOPLE, THE WADSWORTH ATHENEUM IS DEDICATED TO ADVANCING AND INSPIRING EVERYONE TO EXPERIENCE AND APPRECIATE EXCELLENCE IN ART AND CULTURE. 39 39 118 414 -1961 0 4357841 5686185 1248748 1745197 3555148 3949495 -50900 -127670 9110837 11253207 0 0 0 0 4110659 4487229 0 0 488212 6601738 7972794 10712397 12460023 -1601560 -1206816 112711527 109231532 937601 1995579 111773926 107235953 X HOLDING ITS COLLECTION IN TRUST FOR ALL PEOPLE, THE WADSWORTH ATHENEUM IS DEDICATED TO ADVANCING AND INSPIRING EVERYONE TO EXPERIENCE AND APPRECIATE EXCELLENCE IN ART AND CULTURE. 0 0 347186 0 331743 TOTAL MUSEUM ATTENDANCE 96,298EXHIBITIONS EXPENSES A. ANDREW WYETH: LOOKING BEYOND $101,429B. PATTI SMITH: CAMERA SOLO $156,470C. OTHER $ 30,427D. C&T EXH.: CIVIL WAR REMEMBERED $ 19,950E: MATRIX EXH.: CLAIRE BECKETT & JAN TICHY $ 38,910 TOTAL COLLECTIONS AND EXHIBITIONS $347,186 4660694 0 0 CURATING AND CURATORIAL RESEARCH FY2012THE CURATORIAL DIVISION CARES FOR, RESEARCHES, AND DISPLAYS THE MUSEUM'S COLLECTION OF ART. THESE INCLUDE PAINTINGS, SCULPTURES, DECORATIVE ARTS (FURNITURE, GLASS, CERAMICS, AND METALWORK), WORKS ON PAPER, COSTUMES AND TEXTILES, AND VIDEOS, RANGING IN DATE FROM ANTIQUITY TO CONTEMPORARY AND INCLUDING WORKS FROM MOST CONTINENTS. TWO MAJOR PERMANENT COLLECTION INSTALLATIONS WHICH OPENED IN FY2012 COMPRISED OF THE FOLLOWING: ANCIENT TO EIGHTEENTH-CENTURY ART, OPENED NOVEMBER 16, 2011; AND HIGHLIGHTS OF THE AMERICAN DECORATIVE ARTS COLLECTION AT THE WADSWORTH ATHENEUM, 1660-1860, OPENED JANUARY 14, 2012. THE CURATORIAL DIVISION IS ALSO RESPONSIBLE FOR CURATING THE EXHIBITION PROGRAM FOR THE MUSEUM, WHICH IN FY2012 COMPRISED OF THE FOLLOWING: PATTI SMITH: CAMERA SOLO, OCTOBER 21, 2011 - FEBRUARY 19, 2012; THREE HISTORIES: THE WADSWORTH ACCORDING TO MATRIX, DECEMBER 24, 2011 - MARCH 4, 2012; ANDREW WYETH: LOOKING BEYOND, MARCH 24 - JULY 22, 2012; JAMES WELLING: "WYETH", MARCH 24 - JULY 22, 2012; THE MUSEUM COLLECTS, JUNE 30 - SEPTEMBER 9, 2012; SHAUN GLADWELL / MATRIX 162, CLOSED SEPTEMBER 18, 2011; CLAIRE BECKETT / MATRIX 163: SIMULATING IRAQ, NOVEMBER 3, 2011 - MARCH 4, 2012; JAN TICHY / MATRIX 164, APRIL 5 - AUGUST 5, 2012; COLTS & QUILTS: THE CIVIL WAR REMEMBERED, NOVEMBER 16, 2011 - MAY 6, 2012; CONNECTIONS GALLERY: IONA ROZEAL BROWN, CLOSED SEPTEMBER 25, 2011; CONNECTIONS GALLERY: PATTI SMITH, OCTOBER 21, 2011 - FEBRUARY 19, 2012; AND CONNECTIONS GALLERY: THE AMISTAD CENTER FOR ART & CULTURE, APRIL 22 - DECEMBER 31, 2012.CURATORIAL RESEARCH RESULTED IN THE FOLLOWING PUBLICATIONS: SUSAN LUBOWSKY TALBOTT, PATTI SMITH: CAMERA SOLO (WADSWORTH ATHENEUM MUSEUM OF ART, 2011); ERIN MONROE, ANDREW WYETH: LOOKING BEYOND (WADSWORTH ATHENEUM MUSEUM OF ART, 2012); PATRICIA HICKSON, "ON GRAVITY AND LEVITY," IN SHAUN GLADWELL/MATRIX 162 (WADSWORTH ATHENEUM MUSEUM OF ART, 2011); PATRICIA HICKSON, "SIMULATING IRAQ," IN CLAIRE BECKETT/MATRIX 163 (WADSWORTH ATHENEUM MUSEUM OF ART, 2011); PATRICIA HICKSON, "NIGHT VISIONS," IN JAN TICHY/MATRIX 164 (WADSWORTH ATHENEUM MUSEUM OF ART, 2012); AND ERIC M. ZAFRAN, FIVE CATALOGUE ENTRIES IN CORPS ET OMBRES : CARAVAGE ET LE CARAVAGISME EN EUROPE (MUSEE FABRE DE MONTPELLIER AGGLOMERATION AND THE MUSEE DES AUGUSTINS, TOULOUSE, 2012). THE MUSEUM CURATORS, WORKING WITH THE REGISTRARS, ALSO ENGAGE IN A SIGNIFICANT LOAN PROGRAM, LENDING OBJECTS IN THE COLLECTION TO IMPORTANT AND INNOVATIVE EXHIBITIONS. IN FY2012, FIFTY-FOUR WORKS OF ART WERE APPROVED FOR LOANS TO THIRTY-NINE INSTITUTIONS IN THE UNITED STATES, EUROPE, AND ASIA. DURING FY2012, EIGHTY-SIX WORKS OF ART WERE LENT TO INSTITUTIONS IN A SIMILARLY WIDE GEOGRAPHIC AREA, INCLUDING FIFTY WORKS IN THE TRAVELING EXHIBITION, OLD MASTERS TO MONET: THREE CENTURIES OF FRENCH PAINTING FROM THE WADSWORTH ATHENEUM, WHICH TRAVELED TO THE MICHELE AND DONALD D'AMOUR MUSEUM OF FINE ARTS, SPRINGFIELD, MA, DECEMBER 13, 2011 - APRIL 29, 2012, AND THE TAFT MUSEUM OF ART, CINCINNATI, OH, MAY 18 - SEPTEMBER 16, 2012. THE EXHIBITION PATTI SMITH: CAMERA SOLO (ORGANIZED BY THE WADSWORTH ATHENEUM) ALSO TRAVELED TO THE DETROIT INSTITUTE OF ARTS, DETROIT, MI, JUNE 1 - SEPTEMBER 2, 2012.FINALLY, CURATORS, THROUGH PURCHASE, GIFT, AND BEQUEST, ACQUIRED FIFTY-FOUR WORKS OF ART FOR THE COLLECTION, INCLUDING: FOUR AMERICAN DRAWINGS, THREE AMERICAN DECORATIVE ART OBJECTS, TWENTY-THREE CONTEMPORARY DRAWINGS/PRINTS/PHOTOGRAPHS, TWO CONTEMPORARY PAINTINGS, THREE CONTEMPORARY SCULPTURES, SEVEN COSTUMES & TEXTILES, THREE EUROPEAN DRAWINGS/PRINTS, FOUR EUROPEAN PAINTINGS, THREE EUROPEAN DECORATIVE ART OBJECTS, AND TWO TIME-BASED MEDIA INSTALLATION PIECES.CURATING AND CURATORIAL RESEARCH EXPENSE: $1,543,375ART PURCHASES:ASCENSION MOTION PICTURE - BILL VIOLATHE TROJAN HORSE - HENRI PAUL MOTTETRAY - SEVRES - FRENCHGERMINATION - ANDRE MASSONDESIGN FOR AESTHETIC INTERIOR - AMERICANGIRL'S DRESS - UNKNOWNBABY'S OPEN ROBE - EUROPEANVARIOUS PHOTOGRAPHS - PATTI SMITHDRAWING - EARLY EYE - DOROTHEA TANNINGDESK - SECRETARY - WILLIAM HOWARDSTILL LIFE WITH LOBSTER - JASPER GEERAERDSCUP WITH COVER - GEORG PFRUNDTANDIRONS - CAST IRON - WALTER DENSLOWDAISY CHAIN - KIKI SMITHVARIOUS PHOTOGRAPHS - CLAIRE BECKETTVARIOUS PHOTOGRAPHS - JOHN O'REILLY TOTAL ART PURCHASES AND RELATED EXPENSES $3,117,319TOTAL CURATORIAL RESEARCH AND ART PURCHASES $4,660,694 548186 0 0 EDUCATIONTHIS YEAR, THE WADSWORTH ATHENEUM PRESENTED A WIDE-RANGING SCHEDULE OF PROGRAMS THAT CONNECTED ARTISTS WITH OUR COMMUNITY. OUR ONGOING LECTURES, FREE SATURDAYS FOR FAMILIES, COMMUNITY DAYS AND SUNDAY SERENADES SERIES ENGAGED 70 VISUAL ARTISTS, STORYTELLERS, MUSICAL GROUPS, DANCE TROOPS, COMMUNITY ORGANIZATIONS, AND SCHOLARS IN THE GREATER HARTFORD COMMUNITY AND BEYOND - FROM THE BALLARD INSTITUTE AND MUSEUM OF POETRY TO THE WORLD RENOWNED FIBER ARTIST ED JOHNETTA MILLER TO DANCENLIGHT. IN 2011-2012 THE EDUCATION AND VISITOR SERVICES DEPARTMENT CONTINUED TO OFFER A BROAD VARIETY OF PROGRAMS WHILE ALSO SOLIDIFYING OUR FAMILY AND SCHOOL PROGRAMS. EDUCATION PROGRAMMING AND TOURS ACCOUNTED FOR 36.1% OF THE MUSEUM'S ANNUAL ATTENDANCE OF JUST UNDER 100,000. OVER HALF OF THOSE VISITORS SERVED BY EDUCATION, SOME 21,000 STUDENTS, TEACHERS, FAMILIES AND ADULTS, WENT ON GUIDED TOURS WITH ONE OF OUR 96 DOCENTS. WE CONTINUED TO ENGAGE FAMILY AUDIENCES WITH MORE THAN 6,000 VISITORS ATTENDING PROGRAMMING DURING OUR FREE SECOND SATURDAYS FOR FAMILIES. EVALUATION OF MUSEUM ON THE MOVE-SCHOOL OUTREACH BY UCONN'S NEAG CENTER FOR GIFTED EDUCATION AND TALENT DEVELOPMENT SHOWED MEASURABLE GROWTH IN STUDENTS' ABILITY TO WRITE ABOUT ART, WITH STUDENTS' USE OF ART TERMINOLOGY SHOWING THE GREATEST INCREASE FROM .55 PRE TO 1.29 POST. THE SUMMER ART STUDIO PROGRAM CONTINUED TO CREATE TRANSFORMATIVE EXPERIENCES FOR AREA YOUTH TO ENCOURAGE THEM TO SEEK OUT THE ARTS IN THEIR ONGOING EDUCATION. IN THE MORNINGS, AREA HIGH SCHOOL JUNIORS AND SENIORS FROM THE HARTFORD ART SCHOOL'S SUMMER HIGH SCHOOL VISUAL ARTS PROGRAM ENGAGED WITH MASTERWORKS FROM THE MUSEUM'S COLLECTION ON DOCENT-GUIDED TOURS AND PRACTICED VARIOUS DRAWING TECHNIQUES IN THE GALLERIES. THE MUSEUM PROVIDED FOUR HARTFORD HIGH SCHOOL STUDENTS WITH SCHOLARSHIPS TO ATTEND THE PROGRAM INCLUDING TUITION, SUPPLIES, TRANSPORTATION AND A STIPEND. IN THE AFTERNOON HOURS, YOUTH FROM FIVE HARTFORD COMMUNITY ORGANIZATIONS PARTICIPATED IN DOCENT-LED TOURS OF THE MUSEUM FOLLOWED BY AN ART-MAKING ACTIVITY WITH HARTFORD ART TEACHER, NATASHA B. MILES. FREE ADMISSION, TOURS AND BUSING WERE OFFERED TO ALL GROUPS. 4673732 0 1413454 OTHER PROGRAM EXPENSES: FUNDED ACTIVITIES $355,229SECURITY, BUILDING $2,334,645MARKETING & PUBLIC RELATIONS $561,473CAFE, SHOP AND THEATER $545,351MEMBERSHIP $151,791OTHER FUNDED PROGRAMS $ 39,620DEPRECIATION $685,623 TOTAL OTHER PROGRAM EXPENSES $4,673,732 4673732 1413454 10229798 1 1 0 0 0 0 1 1 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 79 0 1 118 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 X 39 39 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CT NY X X JUDITH MIHALKO 8602782670 600 MAIN STREET HARTFORD CT 06103 COLEMAN H CASEY 0.00 X 0 0 0 THOMAS MCEACHIN 0.00 X 0 0 0 CHERYL A CHASE 0.00 X X 0 0 0 DAVID W DANGREMOND 0.00 X X 0 0 0 JEFFREY BROWN 0.00 X 0 0 0 THOMAS J ANATHAN 0.00 X 0 0 0 SUSAN CHANDLER 0.00 X 0 0 0 HOWARD L CARVER 0.00 X 0 0 0 HALSEY COOK 0.00 X 0 0 0 GUALBERTO RUANO 0.00 X 0 0 0 ESTHER PRYOR 0.00 X 0 0 0 DIANE B CLOUD 0.00 X 0 0 0 SUSAN A ROTTNER 0.00 X X 0 0 0 EMILIE DE BRIGARD 0.00 X 0 0 0 FREDERICK COPELAND 0.00 X 0 0 0 MARY C FOX 0.00 X 0 0 0 JEFFREY G MARSTED 0.00 X 0 0 0 JOANNE EUDY 0.00 X 0 0 0 KATHLEEN O'CONNOR 0.00 X 0 0 0 HY J SCHWARTZ 0.00 X X 0 0 0 SAMUEL R PETERSON 0.00 X 0 0 0 HENRY R MARTIN 0.00 X X 0 0 0 KAREN CRONIN WHEAT 0.00 X 0 0 0 LINDA CHEVERTON WICK 0.00 X X 0 0 0 HENRY M ZACHS 0.00 X 0 0 0 LORI MCGEE 0.00 X 0 0 0 TIMOTHY MCLAUGLIN 0.00 X 0 0 0 LAURA R HARRIS 0.00 X 0 0 0 MARGARET MV PRESTON 0.00 X 0 0 0 PAMELA TROTMAN REID 0.00 X 0 0 0 JAMES ROBB 0.00 X 0 0 0 MATT SCHAEFER 0.00 X 0 0 0 TERI TROTTER 0.00 X 0 0 0 DIANE MACRIS 0.00 X 0 0 0 GREG DEAVENS 0.00 X 0 0 0 ROBERT MEAD 0.00 X 0 0 0 THEODORE SERGI 0.00 X 0 0 0 JAY MORTON 0.00 X 0 0 0 TERRY GAUDET 0.00 X 0 0 0 EILEEN S POLLACK 0.00 X 0 0 0 SUSAN TALBOTT 35.00 X X X 309013 0 21005 JUDITH MIHALKO 35.00 X 88518 0 0 397531 0 21005 1 0 1 0 CONSIGLI CONSTRUCTION 100 ALLYN ST HARTFORD CT 06103 CONSTRUCTION 1913871 ARTEX INC 8712 JERICHO CITY DRIVE LANDOVER MD 20785 SHIPPING 218973 HOUSATONIC SECURITY SERVICE INC PO BOX 361 SHELTON CT 06484 SECURITY 151235 SIEMENS INDUSTRY INC C/O CITIBANK PO BOX 2134 CAROL STREAM IL 60132 FIRE ALARM SYSTEM 150725 BESTECH INC OF CONNECTICUT 25 PINNEY STREET ELINGTON CT 06029 ASBESTOS ABATEMENT 141089 8 401478 482732 419802 4382173 5686185 EXHIBITION FEES 900099 837873 837873 SALE OF MUSEUM MERCHAN 453220 575581 575581 ADMISSION REVENUE 900099 331743 331743 1745197 1182525 1182525 90345952 366607 87945589 0 2400363 366607 2766970 366607 2400363 40818 482732 166527 -125709 -125709 10939 12900 -1961 -1961 11253207 2111804 -1961 3457179 480178 183018 136633 160527 3122670 2319585 649960 153125 507566 377019 108339 22208 376815 279615 64105 33095 882315 812114 53824 16377 1234841 1126636 108205 835726 468872 308021 58833 835107 685623 116748 32736 ACQUISITION OF ARTWORK 3117319 3117319 PRINTING 427513 375771 50254 1488 POSTAGE 285202 270223 11180 3799 FEES 238683 97915 134744 6024 116088 116088 12460023 10229798 1742013 488212 2022236 2099212 4718080 2092721 14825 166126 490335 513810 31624929 13278185 15494765 18346744 45085447 40239940 44883848 45755681 1991 17298 112711527 109231532 665529 1508859 272072 486720 937601 1995579 X 31746162 33803795 48808424 41871288 31219340 31560870 111773926 107235953 112711527 109231532 X -1206816 -3331157 X X 0 1 1 X 0 X 7725806 19493977 6333568 4357841 5646565 43557757 7725806 19493977 6333568 4357841 5646565 43557757 19112947 24444810 2719432 3038236 1866791 2189329 1182525 10996313 101 -438 -283 421 -1961 -2160 48600 125508 100578 93248 40818 408752 54960662 9311851 0.44480 0.44630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 2 0.00 2 1 1 0 1.00 0 1 X X X X X EDUCATION 0 88964640 1149146 658116 6400661 399751 83971490 76719151 923226 15433221 3858818 252140 88964640 71290175 1922555 9186836 5465291 230344 76719151 89377311 1170213 -13348884 5689089 219376 71290175 0.17000 0.36600 0.46400 1 0 28032975 9991622 18041353 3492044 3286563 205481 99910 99910 18346744 DEBT SECURITIES 26849955 F INVESTMENTS HELD IN TRUST BY OTHERS 802133 C SHORT TERM INVESTMENTS 18103593 C 45755681 11253207 12460023 -1206816 -3331157 -3331157 -4537973 8137008 -3331157 35531 179427 -3116199 11253207 0 11253207 12674981 35531 179427 214958 12460023 0 12460023 DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: PART II, LINE 9: THE WADSWORTH ATHENEUM MUSEUM OF ART REFLECTS EXPENDITURES RELATING TO ITS EASEMENTS IN ITS OPERATING REVENUE AND EXPENDITURE REPORT. EXPENDITURES ARE BUDGETED IN THE APPROPRIATE FISCAL YEARS. PART III, LINE 1A: IN ACCORDANCE WITH STATEMENT OF FINANCIAL ACCOUNTING STANDARDS NO. 116, ACCOUNTING FOR CONTRIBUTIONS RECEIVED AND CONTRIBUTIONS MADE, COLLECTIONS OF WORKS OF ART ACQUIRED THROUGH DONATIONS SINCE THE MUSEUM'S INCEPTION ARE NOT RECOGNIZED AS ASSETS IN THE ACCOMPANYING STATEMENTS OF FINANCIAL POSITION. 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 DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE UNRESTRICTED NET ASSET CLASS. MUSEUM POLICY LIMITS THE USE OF PROCEEDS FROM DEACCESSIONS OR INSURANCE SOLELY FOR ACQUISITION OF OTHER ART OBJECTS. PART III, LINE 4: THE WADSWORTH ATHENEUM MUSEUM OF ART HOUSES A COLLECTION OF MORE THAN 45,000 OBJECTS INCLUDING PAINTINGS, SCULPTURES, DECORATIVE ARTS, WORKS ON PAPER, COSTUMES AND TEXTILES, AND VIDEOS, RANGING IN DATE FROM ANTIQUITY TO CONTEMPORARY AND INCLUDING WORKS FROM MOST OF THE CONTINENTS. THE WADSWORTH ATHENEUM IS ONE OF CONNECTICUT'S PRINCIPAL CULTURAL AND CIVIC INSTITUTIONS AND A MUSEUM OF INTERNATIONAL SIGNIFICANCE. THE MUSEUM IS A NOT-FOR-PROFIT ORGANIZATION THAT ENSURES THE PUBLIC HAS ACCESS TO ARTWORK THAT IS ARTISTICALLY AND HISTORICALLY SIGNFICANT. IN ADDITION TO PERMANENT COLLECTION DISPLAYS, THE ATHENEUM PRESENTS SPECIAL EXHIBITIONS OF LOANED WORKS. A WIDE RANGE OF INTERPRETIVE AND EDUCATIONAL PROGRAMS FOR CHILDREN, FAMILIES, AND ADULTS, PUBLIC AND SCHOOL TOURS, ARE OFFERED REGULARLY. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE FOR THE USE OF OPERATIONAL, EXHIBITION, AND PROGRAMMING SUPPORT, AS WELL AS THE PURCHASE OF WORKS OF ART. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE MUSEUM IS A PRIVATE NOT-FOR-PROFIT CORPORATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS AN ORGANIZATION GENERALLY EXEMPT FROM INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THE MUSEUM HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2012. THE MUSEUM'S U.S. FEDERAL INFORMATION RETURNS PRIOR TO CALENDAR YEAR 2008 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF THE MUSEUM WERE TO INCUR UNRELATED BUSINESS INCOME TAXES, IT WOULD RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH ANY TAX MATTERS AS PART OF THE INCOME TAX PROVISION AND INCLUDE ACCRUED INTEREST AND PENALTIES WITH THE RELATED TAX LIABILITY IN THE STATEMENT OF FINANCIAL POSITION. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 166,527. SHOP EXPENSES 12,900. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 166,527. SHOP EXPENSES 12,900. X X X X X X 0 CT NY FALL GALA 331334 263635 67699 117796 GOLF TOURNAMENT 115812 87342 28470 48731 447146 350977 96169 166527 166527 -70358 X 1 1 X X X X 0 0 0 0 0 0 0 0 0 SUSAN TALBOTT 300058 0 0 0 8955 0 0 0 21005 0 330018 0 295279 0 X 31 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 7A THE MUSEUM HAS A BOARD OF ELECTORS WHO ELECTS THEIR SUCCESSORS AND THE TRUSTEES AT THE ANNUAL ELECTION MEETING OF ELECTORS. FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT COMMITTEE OF THE WADSWORTH ATHENEUM REVIEWS THE COMPLETED FORM(S) 990 IN DEPTH. THE CHAIR OF THE AUDIT COMMITTEE WILL MAKE THE FORM AVAILABLE ELECTRONICALLY TO THE BOARD OF TRUSTEES FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C MUSEUM MANAGEMENT MONITORS AND ENFORCES COMPLIANCE BY REQUIRING ALL EMPLOYEES TO COMPLETE A CONFLICT OF INTEREST FORM ANNUALLY WHICH DISCLOSES ALL INTERESTS. MANAGEMENT REVIEWS EACH FORM AND DETERMINES IF ANY DISCLOSURES POSE ANY CONFLICTS. IF MANAGEMENT DETERMINES THERE MIGHT BE A CONFLICT, THE ETHICS COMMITTEE OF THE BOARD WOULD BE INFORMED. FORM 990, PART VI, SECTION B, LINE 15 CEO/DIRECTOR THE PRESIDENT OF THE BOARD OF TRUSTEES WORKS WITH A SUB-COMMITTEE OF THE EXECUTIVE COMMITTEE (COMPENSATION COMMITTEE) AND DIRECTOR OF HUMAN RESOURCES TO DETERMINE THE SALARY AND BENEFIT PACKAGE FOR THE CEO/DIRECTOR. THE ASSOCIATION OF ART MUSEUM DIRECTORS (AAMD) SALARY SURVEY, MUSEUM'S BUDGET AND THE CANDIDATE'S QUALIFICATIONS AND EXPERIENCE ARE TAKEN INTO CONSIDERATION IN DETERMINING THE COMPENSATION PACKAGE. OFFICERS OR KEY EMPLOYEES THE CEO/DIRECTOR OF THE MUSEUM DETERMINES THE COMPENSATION FOR OFFICERS AND KEY EMPLOYEES. THE CEO/DIRECTOR WORKS WITH THE DIRECTOR OF HUMAN RESOURCES AND USES THE ASSOCIATION OF ART MUSEUM DIRECTORS (AAMD) SALARY SURVEY AND THE MUSEUM'S BUDGET AS GUIDELINES TO DETERMINE THE COMPENSATION AMOUNT. THE CEO/DIRECTOR REVIEWS THE OVERALL COMPENSATION PLAN WITH THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE DISTRIBUTED AT THE ANNUAL MEETING, POSTED ON THE WADSWORTH ATHENEUM WEBSITE AND BY REQUEST. CONFLICT OF INTEREST POLICIES ARE CURRENTLY NOT AVAILABLE TO THE PUBLIC. GOVERNING DOCUMENTS OR BY-LAWS ARE DISCLOSED BY REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -3,331,157. CHANGE IN THE PROCESS OF THE OVERSIGHT OF THE AUDIT? PART XII, LINE 2C THERE WERE NO CHANGES IN FY 2012 MONITORING AND ENFORCING CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B POLICIES, LINE 12B & 12C 12B. THE MUSEUM'S TRUSTEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST FORM ANNUALLY DISCLOSING ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. THESE FORMS ARE CAREFULLY REVIEWED BY THE MUSEUM'S UPPER MANAGEMENT. THE MUSEUM USES AN ON-GOING, PROACTIVE APPROACH THROUGH REGULAR MONITORING, FOR UPPER MANAGEMENT (OR BOARD MEMBER) TO ADDRESS ANY POTENTIAL CONFLICTS BEFORE A TRANSACTION HAS OCCURRED. 12C. MUSEUM MANAGEMENT MONITORS AND ENFORCES COMPLIANCE BY REQUIRING ALL EMPLOYEES TO COMPLETE A CONFLICT OF INTEREST FORM ANNUALLY WHICH DISCLOSES ALL INTERESTS. MANAGEMENT REVIEWS EACH FORM AND DETERMINES IF ANY DISCLOSURES POSE ANY CONFLICTS. IN ADDITION, THE BOARD PROVIDES OVERSIGHT IN MONITORING AND ENFORCING CONFLICT OF INTEREST POLICY.