2025-04-08T00:52:40-05:00 2024-06-30 221478099 COHNREZNICK LLP 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2023-07-01 060653111 WADSWORTH ATHENEUM MUSEUM OF ART WADS 8602782670 600 MAIN STREET HARTFORD CT 06103 JACK MORTON DIRECTOR OF FINANCE 8602782670 2025-04-04 1 1 LORI ROTHE YOKOBOSKY P01273422 9592007000 2025-04-04 2023 2025-03-06 01:10:19Z JACK MORTON 600 MAIN STREET HARTFORD CT 06103 21926802 0 X WWW.THEWADSWORTH.ORG X 1842 CT FINE ART MUSEUM 34 32 131 32 0 0 6320628 5975307 641802 839758 3809049 5737318 173010 -142564 10944489 12409819 0 0 0 0 5709689 5766261 0 0 1364553 13102723 16512189 18812412 22278450 -7867923 -9868631 136539604 135040715 1016864 3181685 135522740 131859030 X HOLDING ITS COLLECTION IN TRUST FOR ALL PEOPLE, THE WADSWORTH ATHENEUM IS DEDICATED TO ADVANCING KNOWLEDGE AND INSPIRING EVERYONE TO EXPERIENCE AND APPRECIATE EXCELLENCE IN ART AND CULTURE. 0 0 10482685 1005844 CURATING AND CURATORIAL RESEARCH FY2024THE MUSEUM'S CURATORS RESEARCH, CARE FOR, AND EXHIBIT COLLECTIONS INCLUDING PAINTINGS, SCULPTURES, DECORATIVE ARTS (FURNITURE, GLASS, CERAMICS, AND METALWORK), WORKS ON PAPER, COSTUME AND TEXTILES, AND MOVING IMAGE ART, RANGING IN DATE FROM ANTIQUITY TO CONTEMPORARY AND INCLUDING WORKS FROM MOST CONTINENTS. THE WADSWORTH ALSO LENDS COLLECTION OBJECTS TO EXHIBITIONS AROUND THE WORLD. IN FY24 WE RELEASED 59 OBJECTS AS PART OF OUR OUTGOING LOANS PROGRAM.WE LEND TO A HOST OF INSTITUTIONS WITHIN THE UNITED STATES AND A FEW IN EUROPE, A FEW ARE NOTED BELOW:NICHOLAS HALL GALLERYNEUE GALERIEMONTGOMERY MUSEUM OF FINE ARTSCOLUMBIA MUSEUM OF ARTFLORENCE GRISWOLD MUSEUMMATTATUCK MUSEUMAMERICAN FOLK ART MUSEUMTOLEDO MUSEUM OF ARTALTE PINAKOTHEKTHROUGH PURCHASES, GIFTS, AND BEQUESTS THE WADSWORTH ACQUIRED WORKS OF ART INCLUDING BUT NOT LIMITED TO WORKS IN THE CONTEMPORARY, EUROPEAN, AND AMERICAN COLLECTION AREAS.FY24 INSTALLATION HIGHLIGHTS: STYLING IDENTITIES: HAIR'S TANGLED HISTORIESYVONNE WELLS: STITCHED STORIESKYLE DUNN / MATRIX 194CONTEMPORARY PHOTOGRAPHY: HIGHLIGHTS FROM THE COLLECTIONHARTFORD YOUTH RENAISSANCE (HYAR) : PORTRAIT OF A GRADUATEMAKS LEVIN: THE LAST PHOTOGRAPHSMARIAN ANDERSON: DRESSED FOR SUCCESSDUSTI BONG: MISSISSIPPI MODERNISTRULES & REPETITION: CONCEPTUAL ART AT THE WADSWORTH ATHENEUMBAROQUE AND IMPRESSIONIST HIGHLIGHTS FROM THE COLLECTIONARTHUR CARTER: MATHEMATICAL BEAUTYTALES TO TELL: THE STORY OF THE PSYCHE TAPESTRIES AT THE WADSWORTHTALIA CHETRIT / MATRIX 193CONTEMPORARY PHOTOGRAPHY: HIGHLIGHTS FROM THE COLLECTIONBETWEEN LIFE AND DEATH: ART AND THE AFTERLIFE 7417341 EDUCATION/VISITOR EXPERIENCE AND SERVICESTHE WADSWORTH OFFERS A WIDE RANGE OF ACTIVITIES AND SERVICES FOR MANY AUDIENCES AND COMMUNITIES. TWO HIGHLY SUCCESSFUL PROGRAMS THAT SERVE STUDENTS ARE ART AND WRITING AND MUSEUM ON THE MOVE. BOTH WERE DEVELOPED COLLABORATIVELY WITH HARTFORD PUBLIC SCHOOL EDUCATORS AND SUPPORT BUILDING VISUAL LITERACY AT THE MIDDLE-SCHOOL LEVEL. ART AND WRITING EXPLORES EMOTIVE AND AESTHETIC QUALITIES OF FIGURATIVE WORKS OF ART TO ENHANCE NARRATIVE, DESCRIPTIVE AND EXPOSITORY WRITING SKILLS. MUSEUM ON THE MOVE USES VISUAL ANALYSIS OF LANDSCAPES TO IMPROVE STUDENTS' DESCRIPTIVE WRITING AND ORAL PRESENTATION SKILLS. GOALS OF THE PROGRAMS ARE TO ENSURE THAT STUDENTS RECEIVE MEANINGFUL INSTRUCTION IN AND THROUGH THE VISUAL ARTS; TO USE THE ARTS TO IMPROVE CHILDREN'S CONFIDENCE AND INSPIRE CREATIVITY; TO IMPROVE STUDENTS' LITERACY (READING, WRITING, AND ORAL PRESENTATION SKILLS); TO FACILITATE THE INTEGRATION OF THE MUSEUM'S COLLECTIONS AND EXHIBITIONS INTO CORE CURRICULA; TO INCREASE INTEGRATION OF ART INTO CURRICULA TO ADDRESS LITERACY OBJECTIVES; TO STRENGTHEN STUDENTS' ABILITY FOR THOUGHTFUL VISUAL ANALYSIS AND REFLECTION; AND TO INCREASE INTERDISCIPLINARY COLLABORATION BETWEEN CLASSROOM AND ART TEACHERS. EXPECTED PROGRAM OUTCOMES ARE AS FOLLOWS: 70% OF STUDENTS WILL BUILD THEIR CRITICAL RESPONSE SKILLS. INDICATORS INCLUDE USE OF ART TERMINOLOGY, ENGAGEMENT IN CRITICAL THINKING, AND SUPPORTING IDEAS/OPINIONS WITH VISUAL EVIDENCE; 75% OF STUDENTS WILL FEEL EMPOWERED BY THEIR EXPERIENCES WITH ART AND THE MUSEUM. INDICATORS INCLUDE CONNECTING THE ART TO THEIR OWN EXPERIENCES, KNOWLEDGE, OR IDEAS, AND AN INCREASED COMFORT LEVEL IN STUDENTS' ABILITY TO TALK, THINK, AND WRITE ABOUT ARTWORKS; AND 70% OF STUDENTS WILL BE EXPOSED TO DIFFERENT PERSPECTIVES OF SEEING AND THINKING THROUGH EXPERIENCES WITH ART. INDICATORS INCLUDE ARTICULATING SIMILARITIES AND DIFFERENCES IN ART MADE BY DIFFERENT PEOPLE, AND FROM DIFFERENT PLACES AND ERAS. MUSEUM. INDICATORS INCLUDE CONNECTING THE ART TO THEIR OWN EXPERIENCES, KNOWLEDGE, OR IDEAS, AND AN INCREASED COMFORT LEVEL IN STUDENTS' ABILITY TO TALK, THINK, AND WRITE ABOUT ARTWORKS; AND 70% OF STUDENTS WILL BE EXPOSED TO DIFFERENT PERSPECTIVES OF SEEING AND THINKING THROUGH EXPERIENCES WITH ART. INDICATORS INCLUDE ARTICULATING SIMILARITIES AND DIFFERENCES IN ART MADE BY DIFFERENT PEOPLE, AND FROM DIFFERENT PLACES AND ERAS. COBB. THIS EVENT WAS PART OF A SERIES OF RELATED ACTIVITIES SUPPORTED BY THE WADSWORTH AND THE AMISTAD CENTER FOR ART & CULTURE DESIGNED TO BRING THE HISTORY OF HARTFORD'S FIRST BLACK CHURCH AND SCHOOL FOR BLACK CHILDREN INTO PUBLIC VIEW. BOTH ART AND WRITING AND MUSEUM ON THE MOVE PROGRAMS CONTINUALLY MEET ANTICIPATED OUTCOMES. TEACHERS RESPONDING TO ROUTINELY ADMINISTERED SURVEYS REPORT THAT STUDENTS FREQUENTLY DEMONSTRATED CRITICAL RESPONSE SKILLS DURING THE PROGRAM, INCLUDING IDENTIFYING SPECIFIC ELEMENTS FROM WORKS OF ART TO SUPPORT THEIR OPINIONS, MAKE OBSERVATIONS, AND FORMULATE OPINIONS. AN 85% OF PARTICIPATING TEACHERS STATED THAT THEY SAW EVIDENCE OF LEARNING FROM THE CLASSROOM LESSON FROM STUDENTS WHO VISITED THE MUSEUM A WEEK AFTER THE CLASSROOM LESSONS. TEACHERS ALSO REPORTED THAT STUDENTS FREQUENTLY CONNECTED THE ART THEY SAW TO THEIR OWN EXPERIENCES AND FEELINGS, AN INDICATOR OF EMPOWERMENT, AND THAT THE SELECTED ARTWORKS FREQUENTLY INSPIRED STUDENTS TO SEE AND THINK DIFFERENTLY. AN 85% OF TEACHERS AGREED THAT ARTWORKS INSPIRED STUDENTS TO SEE AND THINK DIFFERENTLY, AND 100% OF TEACHERS REPORTED THAT OUR EDUCATORS ASKED QUESTIONS THAT PROMPTED STUDENTS TO SHARE THEIR IDEAS. TOURS FOR INTERGENERATIONAL AUDIENCES, MUSIC, AND LIVE PERFORMANCE. AN ESPECIALLY SUCCESSFUL MARTIN LUTHER KING, JR. COMMUNITY DAY CELEBRATED THE LEGACY OF DR. KING THROUGH ART MAKING, PERFORMANCES, AND TOURS FOR ALL AGES. 1178418 OTHER PROGRAM EXPENSES: OTHER PROGRAM EXPENSES INCLUDE MARKETING, PUBLIC RELATIONS, MEMBERSHIP, MUSEUM SHOP, THEATER AND OTHER MISCELLANEOUS. 19078444 1 1 0 1 0 0 1 1 0 1 1 1 0 0 0 1 1 0 0 1 1 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 1 139 0 1 131 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 34 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CT NY X JACK MORTON 8602782670 600 MAIN STREET HARTFORD CT 06103 AARON CROSSON SR EX-OFFICIO 1.00 X 0 0 0 ALISON D DAVIS OUTGOING TRUSTEE 1.00 X 0 0 0 ANDRE E ROCHESTER SR EX-OFFICIO 1.00 X 0 0 0 ANN MULCAHY EX-OFFICIO 1.00 X 0 0 0 BROOK HAZELTON TREASURER 1.00 X X 0 0 0 BURKE DOAR TRUSTEE 1.00 X 0 0 0 CAMILLE SIMPSON TRUSTEE 1.00 X 0 0 0 CAROL L CHENEY TRUSTEE 1.00 X 0 0 0 CAROLINE CUNNINGHAM YOUNG EX-OFFICIO 1.00 X 0 0 0 CHERYL A CHASE VICE CHAIR 1.00 X X 0 0 0 CLAIRE BURNS TRUSTEE 1.00 X 0 0 0 CYNTHIA J BULAONG OUTGOING EX-OFFICIO 1.00 X 0 0 0 DAVID G JEPSON OUTGOING TRUSTEE 1.00 X 0 0 0 DR ELSA M NUNEZ TRUSTEE 1.00 X 0 0 0 EILEEN S POLLACK TRUSTEE 1.00 X 0 0 0 EMILIE DE BRIGARD VICE CHAIR 1.00 X X 0 0 0 ESTHER PRYOR TRUSTEE 1.00 X 0 0 0 G DUNCAN HARRIS TRUSTEE 1.00 X 0 0 0 GERARD LUPACCHINO IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 HELENE Y BROWN EX-OFFICIO 1.00 X 0 0 0 HENRY M ZACHS TRUSTEE 1.00 X 0 0 0 HY J SCHWARTZ VICE CHAIR 1.00 X X 0 0 0 JANE E BRITTON EX-OFFICIO 1.00 X 0 0 0 JASON M GALVIN TRUSTEE 1.00 X 0 0 0 JEFFREY N BROWN PRESIDENT & CEO 35.00 X X 347846 0 51090 JOANN H PRICE OUTGOING TRUSTEE 1.00 X 0 0 0 JOSEPH R GIANNI TRUSTEE 1.00 X 0 0 0 LAURA R HARRIS TRUSTEE 1.00 X 0 0 0 LILY DE JONGH DOWNING SECRETARY 1.00 X X 0 0 0 MALLY COX-CHAPMAN OUTGOING TRUSTEE 1.00 X 0 0 0 MARK N MANDELL TRUSTEE 1.00 X 0 0 0 MATTHEW A SCHAEFER TRUSTEE 1.00 X 0 0 0 MATTHEW G MARSHALL EX-OFFICIO 1.00 X 0 0 0 MATTHEW HARGRAVES MUSEUM DIRECTOR 35.00 X X 203646 0 58071 MICHAEL F KLEIN OUTGOING TRUSTEE 1.00 X 0 0 0 MICHELE WREN COOK TRUSTEE 1.00 X 0 0 0 NINA F SCHERAGO TRUSTEE 1.00 X 0 0 0 PHILIPPA FEIGEN MALKIN TRUSTEE 1.00 X 0 0 0 ROBERT DANCE TRUSTEE 1.00 X 0 0 0 SARAH A CLUNIS EX-OFFICIO 1.00 X 0 0 0 SUSAN CHANDLER TRUSTEE 1.00 X 0 0 0 TAMARA WILLIAMS TRUSTEE 1.00 X 0 0 0 TIMOTHY P MCLAUGHLIN TRUSTEE 1.00 X 0 0 0 DUFFIELD ASHMEAD IV CHAIR 1.00 X 0 0 0 JACK MORTON DIRECTOR OF FINANCE 1/24 35.00 X 0 0 0 TRACEY KRASNIEWSKI OUTGOING DIRECTOR OF FINANCE 35.00 X 90760 0 3172 APRIL SWIECONEK DIRECTOR OF COMMUNICATION 35.00 X 128260 0 28744 SHARMIN MAHMUD DIRECTOR OF DEVELOPMENT 35.00 X 165051 0 30207 935563 0 171284 4 0 1 0 SECURITAS SECURITY SERVICES USA INC PO BOX 403412 ATLANTA GA 30384 SECURITY 1527949 ACCOUNTING RESOURCES INC 100 WESTERN BLVD GLASTONBURY CT 06033 OUTSOURCING ACCOUNTING AND HUMAN RESOURC 396239 ANNUM ARCHITECTS 40 BROAD STREET BOSTON MA 02109 BUILDING AND GROUNDS STUDY 215402 CT MICRONET LLC 6 EXECUTIVE DRIVE SUITE 120 FARMINGTON CT 06032 IT CONSULTANTS 159188 CREST MECHANICAL SERVICES 1841 BROAD STREET HARTFORD CT 06134 HVAC/ELECTRICAL SERVICES 146346 11 294695 668070 706104 4306438 151316 5975307 ADMISSION REVENUE 900099 427495 427495 AUXILIARY AND OTHER ACTIVITIES 900099 335972 335972 EXHIBITION AND OTHER FEES 900099 76291 76291 839758 2136396 2136396 12627461 9026539 3600922 3600922 3600922 86765 668070 395415 -308650 -308650 261115 95029 166086 166086 12409819 1005844 0 5428668 698957 503785 109132 86040 4127144 2997498 641103 488543 -117 -79 -19 -19 582074 392414 94799 94861 358203 271389 41979 44835 45500 45500 358292 358292 1677272 1057690 438242 181340 309956 307197 375 2384 2133472 2035223 87385 10864 561008 347662 56155 157191 16102 16102 1903708 1818134 76114 9460 661109 347981 218897 94231 PURCHASE OF ART 7838017 7838017 MATERIALS, SUPPLIES, SH 1007753 757741 55189 194823 22278450 19078444 1835453 1364553 977725 8915858 5781301 2547664 1860922 17013 20679 132109 254145 11063 0 50771524 32392744 19741757 18378780 66302102 63523644 36315841 37820558 4713029 4266129 136539604 135040715 477296 3114236 6335 67449 500000 33233 0 1016864 3181685 X 23012567 22075580 112510173 109783450 135522740 131859030 136539604 135040715 X -9868631 4971428 485795 747698 X 0 1 X 1 0 X 5589356 11296410 2709959 6320628 5975307 31891660 5589356 11296410 2709959 6320628 5975307 31891660 5331421 26560239 1532523 1361566 1703696 2921597 2136396 9655778 797 59124 59921 41607359 3748647 0.63840 0.66810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 45500 0 0 45500 0 X 1 0 X X X X X EDUCATION 1 82161578 534131 9077124 5467279 86305554 79620286 250000 8958579 6667287 82161578 101893474 120665 -16837005 5556848 79620286 83156700 2065621 23261904 6590751 101893474 86885008 2584094 -767661 5544741 83156700 0.09240 0.43460 0.47300 1 0 45727254 27348474 18378780 5033470 5033470 0 10800 10800 0 18378780 DEBT SECURITIES 22799588 F TRUST FOR THE MUSEUM'S BENEFIT 15020970 F 37820558 X 18261098 4971428 842727 5814155 12446943 358292 -395415 -37123 12409820 22410603 490444 490444 21920159 358292 358292 22278451 PART II, LINE 9: THE WADSWORTH ATHENEUM MUSEUM OF ART REFLECTS EXPENDITURES RELATING TO ITS EASEMENTS IN ITS OPERATING REVENUE AND EXPENDITURES. PART III, LINE 1A: IN ACCORDANCE WITH ACCOUNTING POLICIES GENERALLY FOLLOWED BY MUSEUMS, COLLECTIONS OF WORKS OF ART ACQUIRED THROUGH PURCHASE OR DONATION SINCE THE MUSEUM'S INCEPTION ARE NOT REFLECTED IN THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION. EACH OF THE ITEMS IS CATALOGED, PRESERVED AND CARED FOR. THE MUSEUM'S POLICY REQUIRES THAT PROCEEDS FROM THE SALE OF COLLECTION ITEMS OR INSURANCE PROCEEDS BE USED SOLELY FOR ACQUISITION OF OTHER ART OBJECTS OR THE DIRECT CARE OF EXISTING COLLECTIONS. IF ASSETS USED TO PURCHASE COLLECTION ITEMS ARE SOURCED FROM RESTRICTED FUNDS, PROCEEDS FROM THE SALE OF THOSE ITEMS ARE SHOWN AS INCREASES IN NET ASSETS WITH DONOR RESTRICTIONS UNTIL AN ACQUISITION IS MADE. PART III, LINE 4: THE MUSEUM'S MISSION IS TO HOLD ITS COLLECTION IN TRUST FOR ALL PEOPLE AND IS DEDICATED TO ADVANCING AND INSPIRING EVERYONE TO EXPERIENCE AND APPRECIATE EXCELLENCE IN ART AND CULTURE. THE MUSEUM VALUES ARTISTIC EXCELLENCE, INNOVATION AND LEADERSHIP ON A LOCAL AND GLOBAL LEVEL. AS PART OF ITS ROLE AS CONNECTICUT'S FLAGSHIP VISUAL ARTS INSTITUTION, THE MUSEUM IS A CULTURAL MEETING PLACE FOR THE SHARING OF IDEAS AND EXPERIENCES. FOUNDED IN 1842, THE MUSEUM IS HOME TO A COLLECTION OF NEARLY 50,000 WORKS OF ART SPANNING 5,000 YEARS, FROM ANTIQUITIES TO CONTEMPORARY ART. ANNUALLY, THE MUSEUM HOSTS SEVERAL MAJOR EXHIBITIONS AND MULTIPLE SMALLER SPECIAL EXHIBITIONS. THE MUSEUM OFFERS TOURS, CONCERTS, FILMS, GALLERY TALKS, LECTURES, SYMPOSIUMS, SCHOOL AND FAMILY PROGRAMS, WORKSHOPS AND ART HISTORY COURSES. PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE USED FOR MUSEUM OPERATIONS, EXHIBITIONS, AND PROGRAMMING AS WELL AS THE ACQUISITION OF WORKS OF ART. PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE MUSEUM AND HAVE CONCLUDED THAT, AS OF JUNE 30, 2024 AND 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE MUSEUM'S FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2021 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. THE MUSEUM FILES FEDERAL AND STATE OF CONNECTICUT INCOME TAX RETURNS FOR UNRELATED BUSINESS INCOME, WHICH REPERESENT THE MAJOR TAX JURISDICTIONS OF THE MUSEUM. IF THE MUSEUM HAD UNRELATED BUSINESS INCOME TAXES, IT WOULD RECOGNIZE INTEREST AND PENALITIES 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 XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOOD SOLD 95,029. CHANGE IN PERPETUAL TRUST 747,698. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -395,415. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 95,029. FUNDRAISING EXPENSES 395,415. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES PAYMENT FOR PURCHASES OF ART FROM EUROPEAN DEALERS 5205829 NORTH AMERICA 0 0 PROGRAM SERVICES PAYMENT FOR PURCHASES OF ART FROM CANADIAN DEALERS 12500 0 0 0 0 0 0 5218329 0 5218329 0 0 0 0 0 0 SPRING 2024 GALA 754835 668070 86765 140119 48848 81947 4818 119683 754835 668070 86765 140119 48848 81947 4818 119683 395415 -308650 1 X X X X 0 0 0 0 0 0 0 1 0 JEFFREY N BROWN PRESIDENT & CEO 309657 0 38189 0 0 0 18041 0 33049 0 398936 0 0 0 MATTHEW HARGRAVES MUSEUM DIRECTOR 183646 0 20000 0 0 0 11138 0 46933 0 261717 0 0 0 SHARMIN MAHMUD DIRECTOR OF DEVELOPMENT 165051 0 0 0 0 0 4368 0 25839 0 195258 0 0 0 APRIL SWIECONEK DIRECTOR OF COMMUNICATION 128260 0 0 0 0 0 6738 0 22006 0 157004 0 0 0 PART I, LINE 7 THE EXECUTIVE TEAM RECEIVED A BOARD APPROVED CALENDAR YEAR BONUS IN THEIR 2023 W2S. X 11 139316 FMV X ART SUPPLIES 1 12000 COST 0 0 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE OF THE WADSWORTH ATHENEUM REVIEWS THE COMPLETED FORM(S) 990 PRIOR TO FILING. THE FORM(S) 990 ARE ALSO ELECTRONICALLY DISTRIBUTED TO THE BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY EACH MEMBER OF THE BOARD OF TRUSTEES, OFFICERS, AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE AND SUBMIT A WRITTEN CONFLICT OF INTEREST FORM WHICH DISCLOSES ALL INTERESTS. THE GOVERNANCE COORDINATOR RECEIVES AND REVIEWS ALL SUBMISSIONS AND SHARES WITH MANAGEMENT TO DETERMINE IF ANY DISCLOSURES POSE A CONFLICT. IF THE OFFICE OF THE CEO/DIRECTOR DETERMINES THAT ANY DISCLOSURES MAY POSE A CONFLICT, THE PRESIDENT OF THE BOARD IS THEN NOTIFIED. IN ADDITION, THE AUDIT COMMITTEE IS NOTIFIED. FORM 990, PART VI, SECTION B, LINE 15A CEO/DIRECTOR THE COMPENSATION COMMITTEE IS A DELEGATED FUNCTION OF THE BOARD WITH THE SOLE PURPOSE OF ADMINISTERING THE COMPENSATION, PERFORMANCE REVIEW, AND GOAL SETTING PROVISIONS OF THE DIRECTOR/CEO'S COMPENSION FOCUSING ON RETENTION, MOTIVATION AND ALIGNMENT WITH THE ORGANIZATION'S OPERATING AND STRATEGIC OBJECTIVES. THE COMMITTEE IS COMPRISED OF NO LESS THAN THREE AND NO MORE THAN FIVE MEMBERS. THE COMMITTEE CONVENES AS NEEDED. IN ITS DELIBERATIONS, THE COMMITTEE ASSESSES PERFORMANCE/RESULTS, REVIEWS VALID COMPENSATION COMPARABILITY DATA, ACTS WITH THE APPROVAL OF A MAJORITY OF ITS MEMBERS, DOCUMENTS ITS DECISIONS AND RATIONALE, AND ASSURES THAT ALL ACTIONS RELATED TO EXECUTIVE COMPENSATION ARE APPROVED IN ADVANCE OF TAKING EFFECT. OFFICERS OR KEY EMPLOYEES THE CEO/DIRECTOR OF THE MUSEUM DETERMINES THE COMPENSATION FOR KEY EMPLOYEES. THE CEO/DIRECTOR WORKS WITH THE HUMAND RESOURCES DEPARTMENT AND USES THE ASSOCIATION OF ART MUSEUM DIRECTORS (AAMD) SALARY SURVEY, SURVEYS OF LOCAL, SIMILARLY-SIZED NOT FOR PROFIT ORGANIZATIONS AND THE MUSEUM'S BUDGET AS GUIDELINES TO DETERMINE THE COMPENSATION AMOUNT. FORM 990, PART VI, SECTION C, LINE 19 A CONDENSED FORM OF THE AUDITED FINANCIAL STATEMENTS ARE INCLUDED IN THE MUSEUM'S ANNUAL REPORT WHICH IS POSTED ON THE WADSWORTH ATHENEUM WEBSITE AND AVAILABLE TO THE PUBLIC. THE MUSEUM'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE BY REQUEST. CONFLICT OF INTEREST POLICIES ARE AVAILABLE TO THE PUBLIC UPON REQUEST. GOVERNING DOCUMENTS OR BY-LAWS ARE DISCLOSED BY REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF TRUSTS FOR THE MUSEUM'S BENEFIT 747,698.