2025-05-06T12:54:10-05:00 2024-06-30 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2023-07-01 131789318 WHITNEY MUSEUM OF AMERICAN ART WHIT 2125703600 99 GANSEVOORT STREET NEW YORK NY 10014 JACQUELINE WOO CFO 2125703670 2025-05-02 1 0 SCOTT THOMPSETT P00741490 2125990100 2023 2025-03-06 01:10:19Z SCOTT ROTHKOPF 99 GANSEVOORT STREET NEW YORK NY 10014 184593000 0 X WHITNEY.ORG X 1936 NY WHITNEY MUSEUM OF AMERICAN ART IS A MUSEUM DEVOTED TO AMERICAN ART OF THE 20TH AND 21ST CENTURIES. 45 44 511 116 190000 262605 60650000 54217000 11119000 8389000 23639000 49663000 5478000 4471000 100886000 116740000 392000 526000 0 0 38784000 44749000 0 0 3702000 47532000 46624000 86708000 91899000 14178000 24841000 972809000 1017309000 125806000 117621000 847003000 899688000 X THE WHITNEY SEEKS TO BE THE DEFINING MUSEUM OF 20TH AND 21ST CENTURY AMERICAN ART. THE MUSEUM COLLECTS, EXHIBITS, PRESERVES, RESEARCHES AND INTERPRETS ART OF THE U.S. IN THE BROADEST GLOBAL, HISTORICAL AND INTERDISCIPLINARY CONTEXTS. (SEE SCHEDULE O) 0 0 42700000 0 8216000 EXHIBITIONS AND PERMANENT COLLECTION IN FY24, THE WHITNEY MUSEUM OF AMERICAN ART PRESENTED 14 EXHIBITIONS. THESE INCLUDED: THE WHITNEY'S COLLECTION: SELECTIONS FROM 1900 TO 1965 (JUNE 28, 2019 - PRESENT; ILANA SAVDIE: RADICAL CONTRACTIONS (JULY 14, 2023 - SEPTEMBER 5, 2023); TRUST ME (AUGUST 19, 2023 - FEBRUARY 25, 2024); RUTH ASAWA THROUGH LINE (SEPTEMBER 16, 2023 - JANUARY 1, 2024); HENRY TAYLOR: B SIDE (OCTOBER 4, 2023 - JANUARY 28, 2024); FRAGMENTS OF A FAITH FORGOTTEN THE ART OF HARRY SMITH (OCTOBER 2, 2023 - JANUARY 28, 2024); NATALIE BALL: BILWI NAATS GA'NIIPCI (NOVEMBER 17, 2023 - FEBRUARY 19, 2024); (SEE SCHEDULE O) 5965000 0 173000 CURATORIAL AND RELATED SUPPORTIN FY24, THE WHITNEY MUSEUM OF AMERICAN ART CONTINUED ITS ONGOING STUDY INTO THE MORE THAN 26,000 OBJECTS IN THE COLLECTION BY OVER 6,000 ARTISTS. THE WHITNEY COMPLETED ITS WORK ON A MULTI-YEAR, CROSS-DEPARTMENTAL, AND CROSS-INSTITUTIONAL RESEARCH PROJECT TO UNDERSTAND THE ORIGIN, SCOPE, EVOLUTION, USE, AND IMPACT OF THE MUSEUM'S COLLECTION. THE PROJECT, WHICH CULMINATED IN THE WHITNEY'S FIRST EVER COLLECTION STRATEGIC PLAN, WILL OFFER RECOMMENDATIONS, GOALS, AND OBJECTIVES FOR THE FUTURE OF THE WHITNEY'S COLLECTION THAT IS INFORMED BY THE INSTITUTION'S HISTORY AND ENRICHED BY ITS DESIRE TO MAKE ITS HOLDINGS USEFUL, DYNAMIC, (SEE SCHEDULE O) 5818000 526000 0 EDUCATION PROGRAMS THE WHITNEY EDUCATION DEPARTMENT SERVED A TOTAL OF 75,253 VISITORS IN PERSON AND ONLINE THROUGH SCHOOL, YOUTH, FAMILY, PUBLIC, AND ACCESS AND COMMUNITY PROGRAMS. AN ADDITIONAL 80,199 ASYNCHRONOUS USERS ENGAGED DIGITALLY WITH INTERPRETIVE CONTENT SUCH AS AUDIO GUIDES, RECORDED VIDEOS OF PROGRAMS ON YOUTUBE AND PODCASTS. A TOTAL OF 13,970 OF THESE IN PERSON AND ONLINE VISITORS WERE K-12 STUDENTS. EDUCATION STAFF WORKED WITHIN AND ACROSS PROGRAM AREAS ON ZOOM TO PRESENT DYNAMIC PROGRAMMING THAT EXPLORED CRITICAL QUESTIONS ABOUT AMERICAN ART, CULTURE AND SOCIETY. THE SCHOOL PROGRAM TEAM COMPLETED 134 ONLINE LESSONS AND (SEE SCHEDULE O) 2462000 -949000 PUBLICATION AND RETAIL SALES:MUSEUM RELATED AUXILLARY SERVICES THAT PROVIDE PRODUCTS RELATED TO THEMUSEUM'S COLLECTION AND EXHIBITIONS. 2462000 -949000 56945000 1 1 0 0 0 0 0 1 0 1 1 1 0 0 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 0 1 1 0 0 0 0 0 0 0 1 468 0 1 511 1 1 1 0 0 0 0 1 1 0 0 0 0 1 0 X 45 44 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AL AK AR CA CO CT DC FL GA HI IL MD MA MI MN MS NH NJ NC ND OH OK OR PA RI TN VA WA WV WI X X JACQUELINE WOO CFO 2125703670 99 GANSEVOORT STREET NEW YORK NY 10014 ADAM D WEINBERG ALICE PRATT BROWN DIR.(THRU 10/2023) 35.00 0.00 X X 2888922 0 22875 SCOTT ROTHKOPF ALICE PRATT BROWN DIRECTOR 35.00 0.00 X X 785337 0 31841 FERN KAYE TESSLER BOARD PRESIDENT 1.00 0.00 X X 0 0 0 RICHARD M DEMARTINI CHAIRMAN 1.00 0.00 X X 0 0 0 ROBERT J HURST CO-CHAIR OF EXECUTIVE COMMITTEE 1.00 0.00 X X 0 0 0 MIYOUNG LEE VICE PRESIDENT 1.00 0.00 X X 0 0 0 NANCY POSES VICE CHAIRMAN 1.00 0.00 X X 0 0 0 PAUL C SCHORR IV TREASURER/TRUSTEE 1.00 0.00 X X 0 0 0 ANNE-CECILIE ENGELL SPEYER CO-CHAIR OF EXECUTIVE COMMITTEE 1.00 0.00 X X 0 0 0 GAURAV K KAPADIA VICE CHAIRMAN 1.00 0.00 X X 0 0 0 JULIE OSTROVER VICE PRESIDENT 1.00 0.00 X X 0 0 0 SCOTT RESNICK TRUSTEE 1.00 0.00 X X 0 0 0 ROBERT ROSENKRANZ VICE PRESIDENT 1.00 0.00 X X 0 0 0 BENNETT GOODMAN TRUSTEE 1.00 0.00 X X 0 0 0 LAURIE M TISCH SECRETARY/TRUSTEE 1.00 0.00 X X 0 0 0 JUDY HART ANGELO TRUSTEE 1.00 0.00 X 0 0 0 PAUL ARNHOLD TRUSTEE 1.00 0.00 X 0 0 0 JILL BIKOFF TRUSTEE 1.00 0.00 X 0 0 0 LESLIE BLUHM TRUSTEE 1.00 0.00 X 0 0 0 NEIL G BLUHM TRUSTEE 1.00 0.00 X 0 0 0 DAVID CANCEL TRUSTEE 1.00 0.00 X 0 0 0 DAVID CAREY TRUSTEE 1.00 0.00 X 0 0 0 JOANNE LEONHARDT CASSULLO TRUSTEE 1.00 0.00 X 0 0 0 HENRY CORNELL TRUSTEE (THRU 12/2023) 1.00 0.00 X 0 0 0 NANCY CARRINGTON CROWN TRUSTEE 1.00 0.00 X 0 0 0 PAMELLA G DEVOS TRUSTEE 1.00 0.00 X 0 0 0 BETH RUDIN DEWOODY TRUSTEE 1.00 0.00 X 0 0 0 FIONA IRVING DONOVAN TRUSTEE (THRU 05/2024) 1.00 0.00 X 0 0 0 FAIRFAX N DORN TRUSTEE 1.00 0.00 X 0 0 0 LISE EVANS TRUSTEE 1.00 0.00 X 0 0 0 VICTOR F GANZI TRUSTEE 1.00 0.00 X 0 0 0 HENRY LOUIS GATES JR TRUSTEE 1.00 0.00 X 0 0 0 KATJA GOLDMAN TRUSTEE 1.00 0.00 X 0 0 0 SUSAN K HESS TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL E KASSAN EX OFFICO TRUSTEE 1.00 0.00 X 0 0 0 NEAL K KATYAL TRUSTEE 1.00 0.00 X 0 0 0 CLAUDIA LAVIADA TRUSTEE 1.00 0.00 X 0 0 0 JONATHAN O LEE TRUSTEE 1.00 0.00 X 0 0 0 RAYMOND J MCGUIRE TRUSTEE 1.00 0.00 X 0 0 0 JULIE MEHRETU TRUSTEE 1.00 0.00 X 0 0 0 ERIC L MOTLEY TRUSTEE (THRU 05/2024) 1.00 0.00 X 0 0 0 BROOKE GARBER NEIDICH TRUSTEE 1.00 0.00 X 0 0 0 JOHN C PHELAN TRUSTEE 1.00 0.00 X 0 0 0 JEN RUBIO TRUSTEE 1.00 0.00 X 0 0 0 MARY E BUCKSBAUM SCANLAN TRUSTEE (THRU 05/2024) 1.00 0.00 X 0 0 0 RICHARD D SEGAL TRUSTEE (THRU 05/2024) 1.00 0.00 X 0 0 0 JONATHAN S SOBEL TRUSTEE (THRU 05/2024) 1.00 0.00 X 0 0 0 THOMAS E TUFT TRUSTEE 1.00 0.00 X 0 0 0 DAVID W ZALAZNICK TRUSTEE 1.00 0.00 X 0 0 0 STEPHANIE MARCH TRUSTEE (AS OF 03/2024) 1.00 0.00 X 0 0 0 KU-LING YURMAN TRUSTEE (AS OF 03/2024) 1.00 0.00 X 0 0 0 MARCIA DUNN TRUSTEE (AS OF 05/2024) 1.00 0.00 X 0 0 0 PAMELA BESNARD CHIEF ADVANCEMENT OFFICER 35.00 0.00 X 404998 0 40077 AMY ROTH CO-CHIEF OPERATING OFFICER 35.00 0.00 X 411184 0 49139 IDEHEN ARUEDE DEPUTY DIRECTOR 35.00 0.00 X 415782 0 40077 NICHOLAS S HOLMES GENERAL COUNSEL/ASSISTANT SECRETARY 35.00 0.00 X 279105 0 54811 CHRISTY L PUTNAM - ASSO DIR EXHIBITIONS & COLLECTIONS (THRU 7/23) 35.00 0.00 X 156480 0 14323 MAURA HEFFNER CHIEF EXHIBITIONS & COLLECTIONS OFF 35.00 0.00 X 181087 0 40510 EUNICE LEE DIR., STRG. PARTNERSHIPS & EVENTS 35.00 0.00 X 233406 0 27362 MARILOU AQUINO CHIEF PHILANTHROPIC OFFICER 35.00 0.00 X 245457 0 45727 BRIDGET MENDOZA CHIEF INFORMATION OFFICER 35.00 0.00 X 219582 0 43234 ANGELA RUBIN CHIEF COMMS AND CONTENT OFFICER 35.00 0.00 X 293233 0 27789 JENNIFER LEVENTHAL CHIEF OF STAFF (THRU 12/2023) 35.00 0.00 X 220787 0 23348 6735360 0 461113 67 0 1 0 VANGUARD CONSTRUCTION & DEVELOPMENT CO 350 5TH AVE STE 5500 NEW YORK NY 10118 CONSTRUCTION SERVICES 1173277 TEMPORARY WALLS INC 412 STONE ROW LANE BANGOR PA 18013 CONSTRUCTION SERVICES 996150 RICHTER RATNER CONTRACTING CORPORATION 45 W 36TH ST 12 FL NEW YORK NY 10018 CONSTRUCTION SERVICES 922675 FRIED FRANK HARRIS SHRIVER & JACOBSO 801 17TH ST NW 600 WASHINGTON DC 20006 LEGAL SERVICES 532985 DOYLE SECURITY SERVICES INC 371 MERRICK ROAD - STE 301 ROCKVILLE CENTRE NY 11570 SECURITY SERVICES PROVIDER 444889 53 8974000 5576000 463000 39204000 5195000 54217000 ADMISSION INCOME 900099 7738000 7738000 TRAVELING EXHIBITIONS 900099 478000 478000 ART LOAN FEES 900099 173000 173000 8389000 4546000 -279000 4825000 1171000 1171000 4714000 257000 4457000 4457000 4457000 108843000 63726000 45117000 45117000 45117000 124000 5576000 1096000 -972000 -972000 2049000 2774000 -725000 -949000 224000 MISCELLANEOUS INCOME 900099 295000 295000 CATERING/EVENT INCOME 900099 245000 245000 540000 116740000 7440000 190000 54893000 526000 526000 5140000 1866000 2196000 1078000 30828000 18132000 11629000 1067000 1753000 994000 654000 105000 4758000 2414000 2106000 238000 2270000 1342000 792000 136000 704000 23000 681000 243000 243000 659000 659000 4130000 2389000 1689000 52000 2340000 2115000 215000 10000 1763000 1730000 22000 11000 6053000 4136000 1917000 1197000 727000 344000 126000 1187000 792000 339000 56000 10721000 7157000 3055000 509000 1351000 1351000 ART ACQUISITIONS 7145000 7145000 EXHIBITION EXPENSES 2359000 2359000 BUILDING SUPPLIES & REP 2289000 121000 2168000 ART PACKING/SHIPPING 886000 886000 3597000 2091000 1192000 314000 91899000 56945000 31252000 3702000 X 21846700 16623000 29565300 113759000 18938000 21438000 12816000 2183000 4348000 4118000 2639000 3067000 486811000 112621000 371102000 374190000 105400000 86817000 392470000 379736000 13684000 15378000 972809000 1017309000 11908000 7333000 2829000 1916000 94028000 91538000 17041000 16834000 125806000 117621000 X 400751000 396094000 446252000 503594000 847003000 899688000 972809000 1017309000 X 24841000 25876000 1968000 X 0 1 X 1 0 X 82725000 48648000 66182000 60650000 54217000 312422000 82725000 48648000 66182000 60650000 54217000 312422000 46094045 266327955 8403000 6483000 6301400 9453000 10710000 41350400 0 0 0 132624 0 132624 707000 720000 301700 232000 419000 2379700 356284724 37978253 0.74750 0.75200 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS INCOME FROM FUNDRAISING EVENTS - 2019 AMOUNT: $ 415,000. 2020 AMOUNT: $ 720,000. 2021 AMOUNT: $ 144,000. 2022 AMOUNT: $ 224,000. 2023 AMOUNT: $ 124,000. INSURANCE RECOVERY - 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 150,000. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 0. MISCELLANEOUS INCOME - 2019 AMOUNT: $ 292,000. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 7,700. 2022 AMOUNT: $ 8,000. 2023 AMOUNT: $ 295,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 1 439708000 7668000 71791000 24337000 494830000 410832000 3657000 46176000 20957000 439708000 481944000 10644000 -66710000 15046000 410832000 371839000 9199000 108663000 7757000 481944000 372314000 3530000 11834000 15839000 371839000 0.11350 0.57750 0.30900 0 0 34662000 34662000 426327000 105927000 320400000 23820000 4692000 19128000 2002000 2002000 0 374190000 ALTT. INV.: MULTI-STRATEGY & OTHER 143115000 F EQUITY INVESTMENT FUNDS 133846000 F PRIVATE EQUITY 63320000 F EQUITY LONG/SHORT 34878000 F INVESTMENT REDEMPTION RECEIVABLES 4577000 F 379736000 OPERATING LEASE LIABILITIES 16466000 ACCRUED PENSION OBLIGATION 368000 16834000 X 144126000 25876000 245000 1968000 28089000 116037000 659000 44000 703000 116740000 91441000 245000 245000 91196000 659000 44000 703000 91899000 PART III, LINE 1A: COLLECTIONS OF ART, HISTORICAL TREASURES OR OTHER SIMILAR ASSETS: THE MUSEUM HAS AN EXTENSIVE COLLECTION OF ART, INCLUDING PAINTINGS, SCULPTURE, PHOTOGRAPHS, DRAWINGS, PRINTS, AND FILMS AND VIDEOS. THE COLLECTION IS MAINTAINED UNDER THE CARE OF THE REGISTRATION DEPARTMENT STAFF AND IS HELD FOR RESEARCH, EDUCATION AND PUBLIC EXHIBITION IN FURTHERANCE OF PUBLIC SERVICE, RATHER THAN FOR FINANCIAL GAIN. PROCEEDS FROM THE SALE OF COLLECTION ITEMS ARE USED TO ACQUIRE OTHER ITEMS FOR THE COLLECTION. THE MUSEUM DOES NOT INCLUDE EITHER THE COST OR THE VALUE OF ITS COLLECTION IN THE STATEMENT OF FINANCIAL POSITION, NOR DOES IT RECOGNIZE GIFTS OF COLLECTION ITEMS AS REVENUES IN THE STATEMENT OF ACTIVITIES. SINCE ITEMS ACQUIRED FOR THE COLLECTION BY PURCHASE ARE NOT CAPITALIZED, THE COST OF THOSE ACQUISITIONS IS REPORTED AS DECREASES IN NET ASSETS IN THE STATEMENT OF ACTIVITIES. PART III, LINE 4: COLLECTIONS OF ART, HISTORICAL TREASURES OR OTHER SIMILAR ASSETS: THE WHITNEY MUSEUM OF AMERICAN ART SEEKS TO BE THE DEFINING MUSEUM OF THE 20TH & 21ST CENTURY AMERICAN ART. THE MUSEUM COLLECTS, EXHIBITS, PRESERVES, RESEARCHES AND INTERPRETS ART OF THE UNITED STATES IN THE BROADCAST GLOBAL, HISTORICAL AND INTERDISCIPLINARY CONTEXTS. AS THE PREEMINENT ADVOCATE FOR AMERICAN ART, WE FOSTER THE WORK OF LIVING ARTISTS AT THE CRITICAL MOMENTS IN THEIR CAREERS. THE WHITNEY EDUCATES A DIVERSE PUBLIC THROUGH DIRECT INTERACTION WITH ARTISTS, OFTEN BEFORE THEIR WORK HAS ACHIEVED GENERAL ACCEPTANCE. PART V, LINE 4: ORGANIZATION'S ENDOWMENT FUNDS: THE MUSEUM'S ENDOWMENT CONSISTS OF 153 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, PRIMARILY TO SUPPORT THE GENERAL OPERATIONS AND EXHIBITION PROGRAMS OF THE MUSEUM, AS WELL AS THE SUPPORT OF THE BIENNIAL EXHIBITION PROGRAM, PERMANENT COLLECTION ACQUISITIONS, AND CURATORIAL SUPPORT. PART X, LINE 2: FIN 48 OVERVIEW THE MUSEUM FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE MUSEUM IS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE (THE "CODE") SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE MUSEUM HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED BUSINESS INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE MUSEUM HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN ITS FINANCIAL STATEMENTS. IN ADDITION, THE MUSEUM HAS NOT RECORDED A PROVISION FOR INCOME TAXES, AS IT HAS NO MATERIAL TAX LIABILITY FROM UNRELATED BUSINESS INCOME ACTIVITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN POST-RETIREMENT HEALTH AND OTHER BENEFITS OTHER THAN NET PERIODIC 1,909,000. PENSION CHARGES AND SERVICE COST NET PERIODIC PENSION CHARGES OTHER THAN SERVICE COST 59,000. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASSED RESTAURANT EXPENSES TO OFFSET REVENUES 44,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASSED RESTAURANT EXPENSES TO OFFSET REVENUES 44,000. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 179268982 EAST ASIA AND THE PACIFIC 0 0 TOURING EXHIBITION 50225 0 0 0 0 0 0 179319207 0 179319207 1 0 1 0 1 0 FORM 990, SCHEDULE F, PART IV: THE MUSEUM INVESTS IN DOMESTIC AND FOREIGN INVESTMENT VEHICLES THAT MAY OWN AN INTEREST IN A FOREIGN CORPORATION, PASSIVE FOREIGN INVESTMENT COMPANY, OR FOREIGN PARTNERSHIP. NEVERTHELESS, THE MUSEUM'S INVESTMENT ACTIVITIES MAY NOT REACH THE THRESHOLDS REQUIRED FOR FILING THE FORMS 926, 5471, 8621 OR 8865. TO THE EXTENT SUCH A FORM WAS COMPLETED, IT HAS BEEN FILED WITH THE ORGANIZATION'S FORM 990-T. GALA AND STUDIO PARTY 5405000 5348000 57000 173000 196000 3000 507000 ART PARTY 295000 228000 67000 64000 66000 15000 72000 5700000 5576000 124000 237000 262000 18000 579000 1096000 -972000 1 INTERNS 116 526000 PART I, LINE 2: THE WHITNEY MUSEUM'S INTERN PROGRAM OFFERS TRAINING AND DIRECT EXPERIENCE WORKING IN ONE OF NEW YORK CITY'S MOST EXCITING MUSEUMS. INTERNS ARE PLACED IN DEPARTMENTS ACROSS THE MUSEUM WHERE THEY ASSIST PROFESSIONAL STAFF, INTERACT WITH THE PUBLIC, CONDUCT RESEARCH, AND LEARN ABOUT MODERN AND CONTEMPORARY AMERICAN ART. INTERNS ALSO GAIN VALUABLE TRAINING, SKILLS, AND WORK EXPERIENCE AS WELL AS AN OPPORTUNITY TO BUILD A NETWORK OF PROFESSIONAL CONTACTS. INTERNS ARE ASSIGNED TO A SPECIFIC MUSEUM DEPARTMENT FOR THE DURATION AND ARE PARTNERS WITH A MENTOR FOR THE DURATION OF THEIR INTERNSHIP. THE WHITNEY MUSEUM OFFERS SUMMER AND ACADEMIC YEAR INTERNSHIPS. THE SUMMER INTERNSHIP IS A FULL-TIME, PAID, NINE-WEEK SESSION PRIMARILY FOR UNDERGRADUATE STUDENTS. THE PROGRAM INCLUDES TRAINING, DIRECT WORK EXPERIENCE, PROFESSIONAL DEVELOPMENT, AND A WEEKLY SPEAKER SERIES. THE ACADEMIC YEAR INTERNSHIP PROGRAM OFFERS A SEMESTER LONG INTERNSHIP FOR UNDERGRADUATE AND GRADUATE STUDENTS CURRENTLY ENROLLED IN AN ACCREDITED ACADEMIC PROGRAM. THE MUSEUM IS NOT REQUIRED TO UNDERTAKE ANY MONITORING ON THE USE OF THE FUNDS, SINCE ALL FELLOWSHIP RECIPIENTS RECEIVE THE AWARD IN EXCHANGE FOR THE INTERN SERVICES RENDERED. X 1 1 X X X 0 1 0 0 0 0 0 1 0 ADAM D WEINBERG ALICE PRATT BROWN DIR.(THRU 10/2023) 806465 0 1500000 0 582457 0 21350 0 1525 0 2911797 0 232436 0 SCOTT ROTHKOPF ALICE PRATT BROWN DIRECTOR 534887 0 250000 0 450 0 21350 0 10491 0 817178 0 0 0 AMY ROTH CO-CHIEF OPERATING OFFICER 411184 0 0 0 0 0 21350 0 27789 0 460323 0 0 0 IDEHEN ARUEDE DEPUTY DIRECTOR 415782 0 0 0 0 0 21350 0 18727 0 455859 0 0 0 PAMELA BESNARD CHIEF ADVANCEMENT OFFICER 404998 0 0 0 0 0 21350 0 18727 0 445075 0 0 0 NICHOLAS S HOLMES GENERAL COUNSEL/ASSISTANT SECRETARY 269105 0 10000 0 0 0 20125 0 34686 0 333916 0 0 0 ANGELA RUBIN CHIEF COMMS AND CONTENT OFFICER 293233 0 0 0 0 0 0 0 27789 0 321022 0 0 0 MARILOU AQUINO CHIEF PHILANTHROPIC OFFICER 245457 0 0 0 0 0 17938 0 27789 0 291184 0 0 0 BRIDGET MENDOZA CHIEF INFORMATION OFFICER 209582 0 10000 0 0 0 15445 0 27789 0 262816 0 0 0 EUNICE LEE DIR., STRG. PARTNERSHIPS & EVENTS 223406 0 10000 0 0 0 15871 0 11491 0 260768 0 0 0 JENNIFER LEVENTHAL CHIEF OF STAFF (THRU 12/2023) 210787 0 10000 0 0 0 13267 0 10081 0 244135 0 0 0 MAURA HEFFNER CHIEF EXHIBITIONS & COLLECTIONS OFF 181087 0 0 0 0 0 12721 0 27789 0 221597 0 0 0 CHRISTY L PUTNAM - ASSO DIR EXHIBITIONS & COLLECTIONS (THRU 7/23 156480 0 0 0 0 0 8782 0 5541 0 170803 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE: THE WHITNEY MUSEUM PROVIDED A HOUSING ALLOWANCE TO ADAM D. WEINBERG DURING HIS TENURE AS THE ALICE PRATT BROWN DIRECTOR PURSUANT TO THE TERMS OF HIS WRITTEN EMPLOYMENT CONTRACT. TO THE EXTENT THAT HOUSING WAS TAXABLE, IT IS INCLUDED IN HIS TAXABLE WAGES AND REPORTED IN SCHEDULE J, PART II, COLUMN B(III). PART I, LINE 4B NON-QUALIFIED RETIREMENT PLAN: IN CALENDAR YEAR 2023, ADAM D. WEINBERG RECEIVED A DISTRIBUTION FROM THE DEFERRED COMPENSATION PLAN IN THE AMOUNT OF $232,436. THIS AMOUNT WAS PREVIOUSLY REPORTED AS DEFERRED COMPENSATION ON EARLIER FORMS 990; IT IS REPORTED IN BOTH COLUMNS (B)(III) AND (F) IN THIS YEAR'S 990 TO REFLECT THAT THE COMPENSATION IS BEING REPORTED AGAIN IN THE YEAR IT IS TAXED. PART I, LINE 7 AMOUNTS REPORTED IN COLUMN B(II) REPRESENT BONUSES EMPLOYEES RECEIVED IN CALENDAR YEAR 2023 TO RECOGNIZE THEM FOR MEETING CERTAIN PERFORMANCE RELATED OBJECTIVES. IN RECOGNITION OF HIS 20 YEARS OF SERVICE TO THE WHITNEY MUSEUM OF AMERICAN ART, AND ACCOMPLISHING KEY STRATEGIC GOALS, OUTGOING ALICE PRATT BROWN DIRECTOR, ADAM WEINBERG, RECEIVED A ONE-TIME BONUS IN CALENDAR YEAR 2023. THIS BONUS WAS GRANTED BY THE BOARD OF DIRECTORS, IN ITS SOLE DISCRETION, AND MEMORIALIZED IN COMPENSATION COMMITTEE MEETING MINUTES. A THE TRUST FOR CULTURAL RESOURCES OF THE CITY OF NEW YORK 131789318 649717VM4 2021-01-07 101213818 SEE PART V BELOW 0 0 0 A 101213818 27145 859470 100354348 2021 1 0 1 1 A 0 1 1 1 0 0 0 1 A 0 1 0 0 0 0 0 0 0 A 1 SCHEDULE K, SUPPLEMENTAL INFORMATION: IN JANUARY 2021, THE TRUST FOR CULTURAL RESOURCES OF THE CITY OF NEW YORK (THE "TRUST") ISSUED SERIES 2021 REFUNDING REVENUE BONDS PURSUANT TO THE REFUNDING REVENUE BOND RESOLUTION (WHITNEY MUSEUM OF AMERICAN ART), AS SUPPLEMENTED BY THE SERIES 2021 RESOLUTION, EACH ADOPTED BY THE TRUST ON DECEMBER 7, 2020, THE PROCEEDS OF WHICH HAVE BEEN LOANED TO THE MUSEUM PURSUANT TO A LOAN AGREEMENT DATED AS OF JANUARY 1, 2021 BY AND BETWEEN THE MUSEUM AND THE TRUST. SUCH PROCEEDS HAVE BEEN APPLIED TO THE REFINANCING OF THE MUSEUM'S 2011 REVENUE BONDS WHICH WERE USED TO FINANCE THE MUSEUM'S NEW DOWNTOWN FACILITY LOCATED IN THE MEATPACKING DISTRICT IN MANHATTAN, NEW YORK. SCHEDULE K, PART II, LINE 1: THE MUSEUM'S TAX-EXEMPT BOND IS AN INTEREST-ONLY BOND; THE MUSEUM WILL BE REQUIRED TO REPAY THE BOND IN FULL IN THE YEAR ENDING JUNE 30, 2032. SCHEDULE K, PART III, LINE 2: THE MUSEUM ENTERS INTO VARIOUS LICENSE AGREEMENTS WHICH ARE ALLOCATED TO THE NON-FINANCED PORTION OF THE SPACE. X 18 N/A X 41 5138000 FAIR MARKET VALUE X LAPTOPS 34 31000 FAIR MARKET VALUE X FURNITURE 2 26000 FAIR MARKET VALUE 18 0 1 1 PART I, LINE 32B: TO THE EXTENT THE MUSEUM RECEIVES DONATIONS OF SECURITIES OR OTHER INVESTMENT ASSETS, IT CONVERTS THOSE ASSETS, INTO CASH. IN ADDITION, THE MUSEUM OCCASIONALLY COMMISSIONS LIMITED EDITION WORKS OF ART THAT WILL BE SOLD TO SUPPLEMENT THE MUSEUM'S FUNDRAISING EFFORTS. THE MUSEUM WILL ENGAGE THIRD PARTY VENDORS TO SELL THESE WORKS OF ART. PART I, LINE 33: NO AMOUNT IS REPORTED ON FORM 990, PART VIII, STATEMENT OF REVENUE, LINE 1G, BECAUSE THE WHITNEY DOES NOT CAPITALIZE ITS COLLECTIONS, AS PERMITTED UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. FORM 990, PART III, LINE 1 (ORGANIZATION'S MISSION CONTINUED): AS THE PREEMINENT ADVOCATE FOR AMERICAN ART, WE FOSTER THE WORK OF LIVING ARTISTS AT CRITICAL MOMENTS IN THEIR CAREERS. THE WHITNEY EDUCATES A DIVERSE PUBLIC THROUGH DIRECT INTERACTION WITH ARTISTS, OFTEN BEFORE THEIR WORK HAS ACHIEVED GENERAL ACCEPTANCE. FORM 990, PART III, LINE 4A HAROLD COHEN: AARON (FEBRUARY 3, 2024 - MAY 19, 2024); WHITNEY BIENNIAL 2024: BETTER THAN THE REAL THING (MARCH 20, 2024 - AUGUST 11, 2024); AND WANDA GG'S WORLD (MARCH 28, 2024 - DECEMBER 2, 2024). FY24 PERFORMANCES AT THE MUSEUM INCLUDED: DELIA BEATRIZ: THE LONG COUNT (APRIL 27 - APRIL 28, 2024); SARAH HENNIES: MOTOR TAPES (JUNE 8, 2024), AND HOLLAND ANDREWS: SPEAKER (JUNE 29, 2024 - JULY 1, 2024). FY24 FILM SCREENINGS AT THE MUSEUM INCLUDED: SPEAKING IN CAMOUFLAGE: MADELEINE HUNT-EHRLICH CURATED BY GREG DE CUIR JR. (APRIL 12, 2024); THE LAND WANTS YOU CURATED BY ASINNAJAQ (MAY 3, 2024) AND DEAR GHOST, IF A MEMORY IS FALSE DOES IT MEAN IT DOES NOT HAVE REAL CONSEQUENCES? CURATED BY KORAKRIT ARNANONDCHAI (JUNE 21, 2024). AN ONGOING SERIES OF OUTDOOR ART SHOWN ACROSS GANSEVOORT STREET FROM THE MUSEUM HAD TWO INSTALLATIONS: ROSE B. SIMPSON AND RAZELLE BENALLY: ENCOUNTER (SEPTEMBER 20, 2023 - MARCH 29, 2024); AND WHITNEY BIENNIAL 2024: EVEN BETTER THAN THE REAL THING, PEOPLE WHO STUTTER CREATE (JIA BIN, DELICIA DANIELS, JJJJJEROME ELLIS, CONOR FORAN, KRISTEL KUBART): STUTTERING CAN CREATE TIME (MARCH 20, 2024 - AUGUST 25, 2024). IN FY24, THE WHITNEY COMMISSIONED FOUR DIGITAL WORKS TO ADD TO ITS ARTPORT SERIES, INCLUDING AURIEA HARVEY: SITE 1 (MARCH 3, 2023 - ONGOING); NANCY BAKER CAHILL: CENTO (OCTOBER 3, 2023 - ONGOING); AND SUNRISE/SUNSET: PETER BURR: SUNSHINE MONUMENT (JULY 25, 2023 - SEPTEMBER 19, 2024); AND HOLLY HERNDON AND MAT DRYHURST: XHAIRYMUTANTX (MARCH 20, 2024 - ONGOING). THE FOLLOWING THREE EXHIBITIONS TOURED NATIONALLY: AT THE DAWN OF A NEW AGE (NORTON MUSEUM OF ART, WEST PALM BEACH, FL, MARCH 18, 2023 - JULY 16, 2023); LABYRINTH OF FORMS (SONOMA VALLEY MUSEUM OF ART, SONOMA, CA, MAY 13, 2023 - SEPTEMBER 3, 2023); AND JAUNE QUICK-TO-SEE SMITH (MODERN ART MUSEUM OF FORT WORTH, FORT WORTH, TX, OCTOBER 15, 2023 - JANUARY 12, 2024, & SEATTLE ART MUSEUM, SEATTLE, WA, FEBRUARY 29, 2024 - MAY 12, 2024). ONE EXHIBITION TOURED INTERNATIONALLY: EDWARD HOPPER'S NEW YORK (SEOUL MUSEUM OF ART, SEOUL, SOUTH KOREA, APRIL 20, 2023 - AUGUST 20, 2023). FORM 990, PART III, LINE 4B AND RELEVANT FOR TODAY AND THE FUTURE. DURING FY24, THE WHITNEY ADDED 305 NEW WORKS TO THE COLLECTION, INCLUDING WORKS BY 59 ARTISTS ENTERING THE COLLECTION FOR THE FIRST TIME. THE WHITNEY CONTINUES TO REFINE AND EXPERIMENT WITH ITS STRATEGIES FOR DISPLAYING MORE OF THE COLLECTION WITHIN ITS GALLERY SPACES. THE RESULTING COLLECTION DISPLAYS CREATE THEMATIC, ART HISTORICAL CONTEXTS AND COUNTERPOINTS TO THE ONGOING SPECIAL EXHIBITIONS PROGRAM AND EXPLORE HOW THE INSTITUTION CAN CONTRIBUTE TO NEW NARRATIVES ABOUT AMERICAN CULTURE AND HISTORY. IN AUGUST OF 2023, THE WHITNEY OPENED TRUST ME, AN EXHIBITION OF PHOTOGRAPHIC WORKS DRAWN FROM THE WHITNEY'S COLLECTION. THE EXHIBITION EXPLORED THEMES OF INTIMACY AND VULNERABILITY ALONGSIDE THE INHERENT PRECARITY AND UNSTABLE NATURE OF PHOTOGRAPHY AS A MEDIUM. IN FEBRUARY OF 2024, THE WHITNEY OPENED HAROLD COHEN: AARON, WHICH TRACED THE EVOLUTION OF THE EARLIEST ARTIFICIAL INTELLIGENCE PROGRAM FOR ARTMAKING. THE SHOW WAS DRAWN ENTIRELY FROM THE WHITNEY'S COLLECTION, INCLUDING WORKS ON PAPER, PAINTINGS, AND THE AARON SOFTWARE DEVELOPED BY COHEN. DURING FY24, THE WHITNEY ALSO COMMISSIONED AND ACQUIRED TWO SITE SPECIFIC WORKS WHICH ARE CURRENTLY ON DISPLAY IN THE MUSEUM'S DINING SPACES. NOURISH BY DYANI WHITE HAWK APPEARS IN THE 8TH FLOOR STUDIO BAR, WHILE NEW POETRY BY RASHID JOHNSON FEATURES PROMINENTLY IN THE FIRST-FLOOR RESTAURANT, FRENCHETTE BAKERY AT THE WHITNEY. WORK WAS ONGOING TO DIGITIZE THE MUSEUM'S COLLECTIONS, A PROJECT THAT IS A CRUCIAL ASPECT OF THE INCREASED SCOPE OF THE CURATORIAL, CONSERVATION, AND RESEARCH RESOURCES TEAMS IN THE MUSEUM'S ENLARGED FACILITY. THE WHITNEY'S COLLECTION IS AVAILABLE TO THE PUBLIC ONLINE AS A SEARCHABLE RESOURCE AND IS UPDATED REGULARLY AS NEW WORKS ENTER THE COLLECTION. IMPORTANT LIBRARY AND SPECIAL COLLECTIONS HOLDINGS ARE KEPT ON SITE, AS WELL AS ABOUT 16,000 WORKS ON PAPER THAT ARE STORED IN THE SONDRA GILMAN STUDY CENTER, FACILITATING ACCESS TO THEM FOR CURATORS AND SCHOLARS. THE SONDRA GILMAN STUDY CENTER SUPPORTS CROSS-MEDIUM, CROSS-DISCIPLINARY RESEARCH, ALLOWING MUSEUM STAFF, ARTISTS, SCHOLARS, AND RESEARCHERS ACCESS TO THE COLLECTION AND OPPORTUNITY FOR CLOSE MATERIAL AND TECHNICAL EXAMINATION OF OBJECTS. AS SUCH, THE STUDY CENTER IS AN EXCEPTIONAL RESOURCE FOR HISTORIANS AND CURATORS OF MODERN AND CONTEMPORARY ART, MAKING THE WHITNEY'S WORLD-CLASS HOLDINGS AVAILABLE FOR PRIMARY RESEARCH AND IN-DEPTH CONSULTATION. DURING FY24, 40 EXTERNAL VISITS, WITH 522 UNIQUE VISITORS WERE HELD IN THE STUDY CENTER. FORM 990, PART III, LINE 4C SERVED 12,497 K-12 STUDENTS IN ONLINE AND IN-PERSON PROGRAMMING; OF THIS NUMBER 2,443 K-12 STUDENTS WERE FROM OUR ELEVEN PARTNERSHIP SCHOOLS. IN FY24, THE WHITNEY SERVED 135 UNIQUE TEENS WHO PARTICIPATED IN YOUTH INSIGHTS PROGRAMS. THE DROP-IN TEEN EVENTS CREATED AND HOSTED BY WHITNEY EDUCATORS AND YOUTH INSIGHTS LEADERS WERE WELL ATTENDED, WITH 590 ATTENDEES FOR SPECIAL EVENTS, 212 PARTICIPANTS AT 2 TABLING EVENTS, AND 272 ATTENDEES FOR OPEN STUDIO FOR TEENS. THE MUSEUM ALSO CONTINUED ITS COMMITMENT TO ACCESSIBILITY FOR VISITORS WITH DISABILITIES TO EXPERIENCE THE RICHNESS AND COMPLEXITY OF AMERICAN ART IN AN ACCESSIBLE AND INCLUSIVE ENVIRONMENT THROUGH REMOTE AND IN-PERSON OFFERINGS. THIS INCLUDES VISITORS WHO IDENTIFY AS DISABLED, D/DEAF, DEAF-BLIND, NEURODIVERGENT, AUTISTIC, LOW VISION AND/OR EXPERIENCE A RANGE OF COGNITIVE, INTELLECTUAL, AND DEVELOPMENTAL DISABILITY, PHYSICAL DISABILITY, CHRONIC ILLNESS AND/OR SENSORY SENSITIVITIES. THE ACCESS TEAM FOCUSED ON EXPANDING ACCESS FEATURES ON THE MOBILE GUIDE TO SUPPORT VISITORS WITH DISABILITIES AS THEY ENGAGED WITH WHITNEY EXHIBITIONS. DURING FY24, A TOTAL OF 569 PEOPLE ATTENDED AN ACCESS TOUR, AND A TOTAL OF 1,169 STUDENTS WITH DISABILITIES, FROM 28 DIFFERENT SCHOOLS, PARTICIPATED IN EITHER AN IN-PERSON GUIDED VISIT OR ONLINE LESSON WITH THE WHITNEY. IN FY24, 10,035 PEOPLE ATTENDED ARTMAKING, TOURS AND COMMUNITY PROGRAMS. COMMUNITY PROGRAMS AT THE WHITNEY SERVED AS A FOCAL POINT FOR EXPLORATION, DIALOGUE, AND SELF-EXPRESSION FOR THE MUSEUM'S DIVERSE NEIGHBORS WHO DESIRE TO CONNECT TO ART. COMMUNITY PROGRAMS DEVELOPED INDIVIDUALIZED EXTENDED PROGRAMS DESIGNED TO MEET THE SPECIFIC NEEDS OF OUR DIVERSE PARTNERS OF 15 DIFFERENT ORGANIZATIONS AND TO PROVIDE EDUCATIONAL AND CULTURAL OPPORTUNITIES FOR UNDERSERVED AUDIENCES OF ALL AGES. THE PUBLIC PROGRAMS AND PUBLIC ENGAGEMENT IN FY24 PRESENTED PROVOCATIVE AND EXPERIMENTAL EVENTS THAT ENGAGED AUDIENCES IN CRITICAL DIALOGUES ON ART AND CULTURAL PRODUCTION. THE DIVISION OFFERED 32 PROGRAMS AND SERVED APPROXIMATELY 11,612 VISITORS, WITH 5,017 ATTENDING IN-PERSON AT THE WHITNEY AND 6,590 ATTENDING VIRTUALLY. THESE PROGRAMS INCLUDED CONVERSATIONS, LECTURES, WORKSHOPS AND SCREENINGS, IN CONJUNCTION WITH FRAGMENTS OF A FAITH FORGOTTEN: THE ART OF HARRY SMITH, RUTH ASAWA THROUGH LINE, AND INHERITANCE, AS WELL AS PROGRAMMING ORGANIZED IN COLLABORATION WITH WECAN MEMBER VISUALAIDS. HIGHLIGHTS INCLUDE A THREE-DAY GATHERING TO CELEBRATE HARRY SMITH'S ECLECTIC LIFE AND SERPENTINE ARTISTIC PURSUITS, ORGANIZED IN COLLABORATION WITH ARTIST AND CURATOR ANDREW LAMPERT AND FAMILY PROGRAMS. FORM 990, PART VI, SECTION A, LINE 1A VOTING MEMBERS: IN ACCORDANCE WITH THE MUSEUM'S BY-LAWS, THE EXECUTIVE COMMITTEE CONSISTS ENTIRELY OF MUSEUM TRUSTEES. THE EXECUTIVE COMMITTEE CURRENTLY CONSISTS OF 23 MEMBERS AND IS COMPOSED OF CERTAIN TRUSTEE OFFICERS, CERTAIN TRUSTEE COMMITTEE CHAIRS, AND OTHER TRUSTEES ELECTED BY RESOLUTION OF THE BOARD OF TRUSTEES. BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, AND SUBJECT TO THE GENERAL POLICIES ESTABLISHED BY THE BOARD, THE EXECUTIVE COMMITTEE HAS ALL THE POWERS OF THE FULL BOARD, EXCLUDING (I) THE REMOVAL OF TRUSTEES AND OFFICERS, (II) APPOINTING OF COMMITTEE CHAIRS, AND (II) AMENDING THE BY-LAWS. FORM 990, PART VI, SECTION A, LINE 2 FAMILY/BUSINESS RELATIONSHIPS: NEIL BLUHM (TRUSTEE) AND LESLIE BLUHM (TRUSTEE) HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS: THE MUSEUM'S FORM 990 TAX FILING IS COMPILED BASED ON INFORMATION OBTAINED FROM THE MUSEUM'S GENERAL LEDGER, AUDITED FINANCIAL STATEMENTS AND OTHER FINANCIAL SYSTEMS. THE MUSEUM'S DEPUTY DIRECTOR, SENIOR FINANCE/ACCOUNTING STAFF, GENERAL COUNSEL, DEPUTY GENERAL COUNSEL AND EXTERNAL TAX ADVISORS PARTICIPATE IN A SERIES OF DETAILED REVIEWS OF ALL INFORMATION TO BE INCLUDED IN THE FILING. ALL INFORMATION INCLUDED IN THE RETURN IS REVIEWED BY THE GROUP FOR ACCURACY AND CONTENT. THE COMPLETED FORM 990 AND RELATED SCHEDULES ARE ALSO PROVIDED TO THE MUSEUM'S SENIOR MANAGEMENT AND REVIEWED IN DETAIL WITH THE DEPUTY DIRECTOR. FINALLY, A PUBLIC INSPECTION COPY IS PROVIDED TO EACH MEMBER OF THE BOARD OF TRUSTEES PRIOR TO FILING THE RETURN. THE MUSEUM'S EXTERNAL TAX ADVISORS FILE THE FORM 990 ELECTRONICALLY WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT: THE MUSEUM'S CODE OF ETHICS CONTAINS DETAILED DISCLOSURE REQUIREMENTS WITH RESPECT TO THE CONFLICTS OF INTERESTS FOR ITS BOARD AND STAFF. ON A REGULAR BASIS, THE BOARD AND OFFICERS OF THE MUSEUM COMPLETE A CONFLICTS OF INTEREST QUESTIONNAIRE. RESPONSES ARE COMPILED, REVIEWED WITH GENERAL COUNSEL AND THE DEPUTY DIRECTOR, AND FORWARDED TO THE AUDIT COMMITTEE. IF A CONFLICT IS DISCLOSED, BOARD MEMBERS WITH POTENTIAL CONFLICTS MAY NOT PARTICIPATE IN DELIBERATIONS AND NEED TO RECUSE THEMSELVES FROM VOTING ON PARTICULAR MATTERS. IN ADDITION, OFFICERS AND KEY EMPLOYEES ARE ASKED ANNUALLY TO REVIEW AND ACKNOWLEDGE COMPLIANCE WITH THE MUSEUM'S CODE OF ETHICS. FORM 990, PART VI, SECTION B, LINE 15A PROCESS FOR DETERMINING COMPENSATION: THE MUSEUM HAS A COMPENSATION COMMITTEE OF THE BOARD. THE COMMITTEE MEETS PERIODICALLY TO REVIEW PERFORMANCE AND COMPENSATION FOR THE DIRECTOR. AS PART OF THE PROCESS, THE COMMITTEE REVIEWS COMPARATIVE DATA OBTAINED FROM SEVERAL INDEPENDENT SOURCES WHICH PROVIDE DATA FOR SIMILAR POSITIONS IN NEW YORK CITY AND NATIONALLY. FORM 990, PART VI, SECTION C, LINE 19 HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC: AUDITED FINANCIAL STATEMENTS AND THE FORM 990 ARE MADE AVAILABLE ON THE MUSEUM'S WEBSITE. ALL OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST AT MANAGEMENT'S DISCRETION. PART X, LINE 15: THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") IMPLEMENTED A NEW LEASE ACCOUNTING STANDARD THAT BECAME EFFECTIVE FOR WHITNEY MUSEUM OF AMERICAN ART IN THE YEAR ENDING JUNE 30, 2021. THIS ACCOUNTING STANDARD WAS EFFECTUATED TO IMPROVE THE TRANSPARENCY SURROUNDING KEY INFORMATION PERTAINING TO AN EXEMPT ORGANIZATION'S LEASING ARRANGEMENTS (AND TO ENSURE THAT ALL ORGANIZATIONS WERE RECORDING THE TRANSACTIONS UNIFORMLY ON THEIR BALANCE SHEETS). FORM 990, PART XI, LINE 9: CHANGE IN POST-RETIREMENT HEALTH AND OTHER BENEFITS OTHER THAN NET PERIODIC PENSION CHARGES AND SERVICE COST 1,909,000. NET PERIODIC PENSION CHARGES OTHER THAN SERVICE COST 59,000. FORM 990 - GENERAL: AMOUNTS REFLECTED IN THE 2023 FORM 990 FOR THE YEAR ENDED JUNE 30, 2024 HAVE BEEN ROUNDED TO THE NEAREST THOUSAND TO CONFORM WITH THE PRESENTATION IN THE MUSEUM'S AUDITED FINANCIAL STATEMENTS.