2022-09-12T16:40:12-05:00 2021-12-31 231980475 KREISCHER MILLER 100 WITMER ROAD SUITE 350 HORSHAM PA 190442369 990 2021-01-01 231381459 WOODMERE ART MUSEUM WOOD 2152470476 9201 GERMANTOWN AVENUE PHILADELPHIA PA 19118 WILLIAM R VALERIO CEO/EXECUTIVE DIRECTOR 2152470476 2022-09-12 1 WILLIAM VALERIO 999009999 CHRISTOPHER M PEKULA P00734965 2154414600 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z WILLIAM R VALERIO 9201 GERMANTOWN AVENUE PHILADELPHIA PA 19118 12096710 0 X WWW.WOODMEREARTMUSEUM.ORG X 1940 PA SEE SCHEDULE O 14 14 35 144 0 0 2892062 10426363 134937 206481 182426 531700 27941 77878 3237366 11242422 0 0 0 0 1504048 1426057 0 0 425891 1521983 1974606 3026031 3400663 211335 7841759 17785548 28719427 747206 2861321 17038342 25858106 X TO INSPIRE CREATIVITY, LEARNING, AND SELF-EXPRESSION THROUGH EXPERIENCES WITH THE ART AND ARTISTS OF PHILADELPHIA AND THE REGION. 0 0 575752 81369 SEE SCHEDULE O 653550 171222 SEE SCHEDULE O 978271 15000 SEE SCHEDULE O 637626 PRESERVATION OF HISTORICAL MANSION WHICH HOUSES MUSEUM'S WORKS OF ART. 637626 2845199 1 1 0 1 0 0 0 1 0 1 1 0 0 1 1 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 1 37 0 1 35 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 14 14 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X X MARGARET SADLER 2152470476 9201 GERMANTOWN AVENUE PHILADELPHIA PA 19118 WILLIAM R VALERIO EXECUTIVE DIRECTOR AND CEO 60.00 X X 204863 0 11125 STEPHANIE CEHELSKY CHIEF FINANCIAL OFFICER 50.00 X X 101669 0 11303 JAMES ALEXANDRE PRESIDENT 5.00 X X 0 0 0 AMY BRANCH VICE PRESIDENT 3.00 X X 0 0 0 MARGARET STEELE SECRETARY 3.00 X X 0 0 0 MARGARET SADLER TREASURER 3.00 X X 0 0 0 RALPH S HIRSHORN ASSISTANT SECRETARY 3.00 X X 0 0 0 JOHN A AFFLECK ASSISTANT TREASURER 3.00 X X 0 0 0 RUSSELL HARRIS MD TRUSTEE 2.00 X 0 0 0 ELIE-ANNE CHEVRIER TRUSTEE 2.00 X 0 0 0 IRMA FRALIC TRUSTEE 2.00 X 0 0 0 LAWRENCE FINKELSTEIN ESQ TRUSTEE 4.00 X 0 0 0 MICK BYERS TRUSTEE 2.00 X 0 0 0 RYAN FARRAGUT TRUSTEE 2.00 X 0 0 0 KATY FRIEDLAND TRUSTEE 0.50 X 0 0 0 KYLE SALATA TRUSTEE 0.50 X 0 0 0 ANNA WOODWARD TRUSTEE (ADVISORY) 0.25 X 0 0 0 LYNN HITSCHLER TRUSTEE (ADVISORY) 0.50 X 0 0 0 SARAH LODGE TRUSTEE (ADVISORY) 0.50 X 0 0 0 WILLIAM WOLGIN MD TRUSTEE (ADVISORY) 0.50 X 0 0 0 LEONARD KLORFINE EMERITI TRUSTEES 0.25 X 0 0 0 MARGUERITE LENFEST EMERITI TRUSTEES 0.75 X 0 0 0 DIANNE MEYER ESQ EMERITI TRUSTEES 0.25 X 0 0 0 JOSEPH NICHOLSON EMERITI TRUSTEES 0.25 X 0 0 0 SEDRA SCHIFFMAN EMERITI TRUSTEES 0.25 X 0 0 0 HOWARD WATSON EMERITI TRUSTEES 0.25 X 0 0 0 MARY ANN WIRTS EMERITI TRUSTEES 0.50 X 0 0 0 306532 0 22428 2 0 1 0 0 86805 71020 13000 10255538 1576342 10426363 MUSIC SERIES 611610 86530 86530 ART CLASSES 611610 84692 84692 OTHER PROGRAMS 611610 35259 35259 206481 132383 132383 1150105 2380 753168 0 396937 2380 399317 399317 40000 71020 23232 16768 16768 123998 77888 46110 46110 LOAN FEES - ART 713990 15000 15000 15000 11242422 267591 0 548468 215988 152591 11340 52057 1023656 728396 53169 242091 95667 58630 6013 31024 90746 65914 4642 20190 87771 67981 19790 18000 18000 191262 191262 36316 35521 795 31732 13822 6617 11293 204854 197136 5520 2198 25937 19538 6399 230857 230857 76396 70303 4386 1707 COLLECTIONS ACQUISITION 561228 561228 EXHIBITION EXPENSES 287199 287199 CONTRACTUAL FEES 43584 43584 MUSIC SERIES 38043 38043 141427 65194 11697 64536 3400663 2845199 129573 425891 X 750 750 1965996 4546746 287831 2154957 252072 2130230 28513 24714 162858 104434 9905587 3390329 4205240 6515258 7664551 9789363 3217737 3452975 17785548 28719427 53473 43881 26906 28209 666354 2784695 473 4536 747206 2861321 X 8131760 10864959 8906582 14993147 17038342 25858106 17785548 28719427 X 7841759 631578 346427 X X 0 1 X 1 0 X 3701128 2158851 1907823 2892062 10426363 21086227 3701128 2158851 1907823 2892062 10426363 21086227 1066874 20019353 85933 112741 120536 85248 132353 536811 1850 10174 4675 1548 15000 33247 21656285 1779969 0.92440 0.82950 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18000 18000 2827199 2845199 292260 73065 0 0 268026 274461 273478 292260 1108225 1662338 18000 18000 18000 18000 72000 67007 68615 68370 73065 277057 415586 X X X X 0 8196652 506950 1032099 455707 9279994 7712951 68841 692680 277820 8196652 7138131 79209 1019184 523573 7712951 8167354 41750 -457545 613428 7138131 6574006 1382352 776667 565671 8167354 1 0 670215 670215 6694354 2431531 4262823 2346512 896263 1450249 86003 27190 58813 108503 35345 73158 6515258 BENEFICIAL INTEREST IN PERPETUAL TRUST 3452975 3452975 SALES TAX PAYABLE 4536 4536 X 12349477 631578 27930 447547 1107055 11242422 0 11242422 3529713 27930 101120 129050 3400663 0 3400663 PART III, LINE 1A: IN CONFORMITY WITH THE PRACTICE ADOPTED BY MANY MUSEUMS AND IN ACCORDANCE WITH THE PROVISIONS OF FASB ASC 958-605, THE MUSEUM DOES NOT CAPITALIZE DONATED WORKS OF ART AND COLLECTIONS OR RECOGNIZE THEM AS REVENUES OR GAINS. FASB ASC 958-605 PROVIDES THAT SUCH DONATIONS NEED NOT BE RECOGNIZED IF THEY ARE ADDED TO COLLECTIONS THAT ARE HELD FOR PUBLIC EXHIBITION, EDUCATION, OR PROTECTED UNENCUMBERED, CARED FOR, AND PRESERVED. THE MUSEUM HAS A POLICY THAT REQUIRES THE PROCEEDS FROM SALES OF COLLECTION ITEMS TO BE USED TO ACQUIRE OTHER ITEMS FOR ITS COLLECTION AND/OR THE DIRECT CARE AND PRESERVATION OF THE MUSEUM'S EXISTING COLLECTIONS. DIRECT CARE INCLUDES INVESTING IN THE EXISTING COLLECTION TO ENHANCE THE LIFE, USEFULNESS, OR QUALITY, AND THEREBY ENSURING THE COLLECTION WILL CONTINUE TO BENEFIT THE PUBLIC. THE COST OF ALL OBJECTS PURCHASED IS REPORTED AS A SEPARATE PROGRAM EXPENSE. ALL SUCH ITEMS ON HAND ARE CURRENTLY INSURED FOR APPROXIMATELY $20,000,000. PART III, LINE 4: THE MUSEUM'S COLLECTIONS ARE MADE UP OF WORKS OF ART, ARTIFACTS OF HISTORICAL SIGNIFICANCE AND ART OBJECTS THAT ARE HELD FOR EDUCATIONAL AND CURATORIAL PURPOSES, IN ACCORDANCE WITH THEIR EXEMPT PURPOSE. PART X, LINE 2: THE MUSEUM IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AS DESCRIBED IN SECTION 509(A)(2) OF THE IRC AND SIMILAR STATE STATUTES; THEREFORE, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE MUSEUM FILES FEDERAL FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, ON AN ANNUAL BASIS AND IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2017. BASED ON THE MUSEUM'S ASSESSMENT OF MANY FACTORS, INCLUDING PAST EXPERIENCE, THE MUSEUM DOES NOT CURRENTLY ANTICIPATE SIGNIFICANT CHANGES IN ITS TAX POSITIONS OVER THE NEXT 12 MONTHS. PART XI, LINE 2D - OTHER ADJUSTMENTS: MUSEUM GALLERY AND STORE EXPENSES 77,888. CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUST 346,427. SPECIAL EVENT EXPENSES 23,232. PART XII, LINE 2D - OTHER ADJUSTMENTS: MUSEUM GALLERY AND STORE EXPENSES 77,888. SPECIAL EVENT EXPENSES 23,232. FORM 990, SCHEDULE D, PART V, LINE PART V, LINE 4: THE INTENDED USES OF THE PERMANENT ENDOWMENTS ARE TO ENDOW THE POSITION OF DIRECTOR OF EDUCATION, THE CEO/EXECUTIVE DIRECTOR, AND THE DIRECTOR OF DEVELOPMENT, AND FOR OTHER UNRESTRICTED MUSEUM USE. ANNUAL GALA 111020 71020 40000 8613 7108 7511 111020 71020 40000 8613 7108 7511 23232 16768 X X X X X X 0 0 0 0 0 0 0 0 0 WILLIAM R VALERIO EXECUTIVE DIRECTOR AND CEO 204863 0 0 0 0 0 0 0 11125 0 215988 0 0 0 X 485 X 9 1576342 FAIR MARKET VALUE 0 1 0 PART I, LINE 33: IN CONFORMITY WITH THE PRACTICE ADOPTED BY MANY MUSEUMS AND IN ACCORDANCE WITH THE PROVISIONS OF FASB ASC 958-605, THE MUSEUM DOES NOT CAPITALIZE DONATED WORKS OF ART AND COLLECTIONS OR RECOGNIZE THEM AS REVENUES OR GAINS. FASB ASC 958-605 PROVIDES THAT SUCH DONATIONS NEED NOT BE RECOGNIZED IF THEY ARE ADDED TO COLLECTIONS THAT ARE HELD FOR PUBLIC EXHIBITION, EDUCATION, OR PROTECTED UNENCUMBERED, CARED FOR, AND PRESERVED. THE MUSEUM HAS A POLICY THAT REQUIRES THE PROCEEDS FROM SALES OF COLLECTION ITEMS TO BE USED TO ACQUIRE OTHER ITEMS FOR ITS COLLECTION AND/OR THE DIRECT CARE AND PRESERVATION OF THE MUSEUM'S EXISTING COLLECTIONS. DIRECT CARE INCLUDES INVESTING IN THE EXISTING COLLECTION TO ENHANCE THE LIFE, USEFULNESS, OR QUALITY, AND THEREBY ENSURING THE COLLECTION WILL CONTINUE TO BENEFIT THE PUBLIC. THE COST OF ALL OBJECTS PURCHASED IS REPORTED AS A SEPARATE PROGRAM EXPENSE. ALL SUCH ITEMS ON HAND ARE CURRENTLY INSURED FOR APPROXIMATELY $20,000,000. FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: WOODMERE ART MUSEUM'S EXHIBITIONS AND EDUCATIONAL PROGRAMS OFFER THE PUBLIC OPPORTUNITIES TO LEARN ABOUT, APPRECIATE, AND CELEBRATE THE ART AND ARTISTS OF THE PHILADELPHIA REGION. FORM 990, PART III, LINE 4A, DESCRIPTION OF PROGRAM SERVICE: OVERALL: A DYNAMIC MUSEUM THAT IS GROWING IN THE VITALITY OF ITS EXHIBITIONS AND PROGRAMING, WOODMERE IS THE ONLY ART MUSEUM SOLELY FOCUSED ON THE WORK OF ARTISTS OF THE PHILADELPHIA REGION. THE MUSEUM ENGAGES A GROWING AND INCREASINGLY DIVERSE AUDIENCE THROUGH TEN OR MORE CHANGING EXHIBITIONS AND VIBRANT YEAR-ROUND PROGRAMMING. THE COLLECTION OF APPROXIMATELY 9,000 WORKS OF ART INCLUDES THE LARGEST CONCENTRATION OF WORK BY VIOLET OAKLEY AND HER CIRCLE, AS WELL AS IMPORTANT WORKS BY CHARLES WILLSON PEALE, BENJAMIN WEST, THOMAS SULLY, FREDERIC CHURCH, ARTHUR B. CARLES, BO BARTLETT, AND MANY OTHERS. IN ADDITION, WOODMERE'S HELEN MILLARD CHILDREN'S GALLERY SHOWCASES FIVE EXHIBITIONS ANNUALLY OF ART MADE BY CHILDREN REPRESENTING THE MODEL PROJECTS IN ARTS EDUCATION THAT CAN BE REPLICATED BY TEACHERS. THE MUSEUM ALSO OFFERS AN EXPERIENCE OF OUTDOOR SCULPTURE IN THE CONTEXT OF NATURE AND THE ENVIRONMENTAL FEATURES OF THE MUSEUM'S GROUNDS. WOODMERE CONTINUES TO DEVELOP AND INTEGRATE THE EXPERIENCE ACROSS THE GROUNDS IN A MANNER THAT BRINGS ART IN CONVERSATION WITH ENVIRONMENTAL SCIENCE AND HORTICULTURAL INTEREST. FURTHER ENGAGEMENT WITH THE PUBLIC IS PROVIDED THROUGH AN EXPANSIVE ARRAY OF EDUCATIONAL PROGRAMS, SUCH AS A MUSIC SERIES PROGRAM, LECTURES, TOURS AND FILM. IN THE FALL OF 2021, WOODMERE ACQUIRED A 17,000 SQUARE-FOOT MANSION WHICH WILL ALLOW FOR A MAJOR TRANSFORMATIVE EXPANSION OF THE MUSEUM'S EXHIBITION AND OUTDOOR SPACES. IN ADDITION, THIS EXPANSION WILL PROVIDE A NEW DROP-IN ART SPACE FOR SCHOOL GROUPS AND FAMILIES AND WILL AUGMENT THE MUSEUM'S HIGHLY SUCCESSFUL EDUCATIONAL PROGRAMMING DECRIBED ABOVE. WOODMERE IS ACCREDITED BY THE AMERICAN ALLIANCE OF MUSEUMS, A DISTINCTION HELD BY APPROXIMATELY THREE PERCENT OF ALL MUSEUMS NATIONWIDE. ALSO, ON THE NATIONAL REGISTER OF HISTORIC PLACES, WOODMERE IS DESIGNATED A SIGNIFICANT STRUCTURE THAT CONTRIBUTES TO THE CHARACTER OF THE CHESTNUT HILL HISTORIC DISTRICT IN PHILADELPHIA. FORM 990, PART III, LINE 4B, DESCRIPTION OF PROGRAM SERVICE: EDUCATION - EXHIBITIONS AT WOODMERE SERVE AS A PLATFORM FOR AN ONGOING SERIES OF EDUCATIONAL OPPORTUNITIES, LECTURES, GALLERY TALKS, FAMILY FESTIVALS, SCHOOL PROGRAMS, "ART OF OBSERVATION" PROGRAMS WITH MEDICAL SCHOOLS, AND PANEL DISCUSSIONS FEATURING TOP SCHOLARS AND ARTISTS. CLASSES ARE TAUGHT BY EDUCATORS AND PROFESSIONAL ARTISTS. APPROXIMATLY 2,500 ADULTS AND CHILDREN WERE ENROLLED IN ART CLASSES IN 2021. FORM 990, PART III, LINE 4C, DESCRIPTION OF PROGRAM SERVICE: COLLECTION - CARING FOR WOODMERE'S COLLECTION OF MORE THAN 9,000 WORKS OF ART IS A PRIMARY ACTIVITY OF THE INSTITUTION. THE FOUNDER'S COLLECTION, THE CORE OF WHICH REMAINS ON VIEW AT WOODMERE TO THIS DAY, CONCENTRATES ON POST-CIVIL WAR AMERICAN PAINTINGS, WORKS BY PHILADELPHIA ARTISTS OF THE 19TH CENTURY, AND LANDSCAPE PAINTINGS OF THE HUDSON RIVER SCHOOL. WOODMERE ALSO HOLDS ONE OF THE NATION'S PREMIER COLLECTIONS OF PENNSYLVANIA IMPRESSIONISTS, THE CIRCLE OF VIOLET OAKLEY, THE CIRCLE OF ARTHUR B. CARLES, AND MODERN AND CONTEMPORARY ART OF PHILADELPHIA. REALISM, MODERNISM, PRINTMAKING, CONCEPTUAL ART, AND MANY OTHER THREADS OF ART HISTORY HAVE DISTINCT AND SIGNIFICANT CONFIGURATIONS IN PHILADELPHIA, MAKING WOODMERE'S COLLECTION AN IMPORTANT CULTURAL ASSET OF THE CITY. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS BUT NO STOCKHOLDERS. MEMBERS HAVE THE RIGHT TO ATTEND ART CLASSES PROVIDED BY THE ORGANIZATION AND RECEIVE ANNUAL UPDATES ON THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A TRUSTEES ARE ELECTED BY THE MEMBERS AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN CHANGES TO THE BY-LAWS MAY REQUIRE MEMBER APPROVAL FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE DRAFT OF FORM 990 IS SENT TO THE FULL BOARD FOR THEIR REVIEW AND COMMENTS PRIOR TO FILING THE RETURN. AN OFFICER SIGNS THE RETURN AFTER CONSIDERING BOARD COMMENTS. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES AND TRUSTEES SIGN A CODE OF ETHICS THAT INCLUDES CONFLICT OF INTEREST POLICY. THE QUESTIONNAIRE IS COMPLETED ANNUALLY BY TRUSTEES AND REVIEWED BY THE GOVERNANCE COMMITTEE. IF AN ISSUE OR TRANSACTION INVOLVES A BOARD MEMBER WITH A CONFLICT, THAT BOARD MEMBER IS PROHIBITED IN THE GOVERNING BODY'S DELIBERATION AND DECISION WITH RESPECT TO THAT TRANSACTION OR ISSUE. FORM 990, PART VI, SECTION B, LINE 15 A CONTRACT DETAILING COMPENSATION FOR THE DIRECTOR/CEO, IS EVALUATED AND APPROVED ANNUALLY BY THE EXECUTIVE COMMITTEE. SURVEYS AND REVIEWS OF COMPENSATION ARE COLLECTED ANNUALLY. STAFF AND DIRECTOR COMPENSATION IS REVIEWED ANNUALLY. THE FINANCE COMMITTEE SIGNS OFF ON SALARIES AND THE BOARD MEMBERS APPROVE THEM. FORM 990, PART VI, SECTION C, LINE 19 A FINANCIAL SUMMARY IS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUST 346,427. FORM 990, PAGE 12, PART XII, LINE 2C: THE ORGANIZATION HAS A FINANCE COMMITTEE WHICH ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCEDURES OF THE FINANCE COMMITTEE WITH RESPECT TO THESE RESPONSIBILITIES HAVE NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PAGE 5, PART V, LINE 7G: NOT APPLICABLE: THE ORGANIZATION HAD NO CONTRIBUTIONS OF QUALIFIED INTELLECTUAL PROPERTY. FORM 990, PAGE 5, PART V, LINE 7H: NOT APPLICABLE: THE ORGANIZATION HAD NO CONTRIBUTIONS OF CARS, BOATS, AIRPLANES, OR OTHER VEHICLES.