2024-11-06T13:11:25-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN 29 SOUTH MAIN STREET 4TH FLOOR WEST HARTFORD CT 06107 990 2023-01-01 222723433 THE BARNUM MUSEUM FOUNDATION INC BARN 2033311104 820 MAIN STREET BRIDGEPORT CT 06604 JOHN SWING CHIEF OPERATING OFFICER 2033311104 2024-11-02 1 0 MARY KAY CURTISS P01551484 8605614000 2024-11-02 2023 2024-10-15 13:58:12Z JOHN SWING 820 MAIN STREET BRIDGEPORT CT 06604 3728261 0 X WWW.BARNUM-MUSEUM.ORG X 1986 CT TO OPERATE THE BARNUM MUSEUM AND RELATED GALLERY. 16 16 4 17 0 0 556629 3726734 0 0 0 0 83679 1527 640308 3728261 0 0 0 0 320321 343204 0 0 109200 297152 335412 617473 678616 22835 3049645 1824421 5738330 274660 1138924 1549761 4599406 X ESTABLISHED IN 1986 TO OPERATE THE BARNUM MUSEUM AND THE RELATED GALLERY. THE FOUNDATION'S MISSION IS TO INSPIRE CURIOSITY, CREATIVITY AND CONFIDENCE THROUGH INSTRUCTIVE ENTERTAINMENT.THE MUSEUM IS A RELEVANT INSTITUTION OF LEARNING, COMMITTED TO INTELLECTUAL EXCHANGE, COMMUNITY ENGAGEMENT, AND DEDICATED TO THE COLLECTION, PRESERVATION AND INTERPRETATION OF P.T. BARNUM'S LEGACY AND HIS PLACE IN AMERICAN HISTORY. 0 0 453696 THE COST OF OPERATING AND RESTORING THE MUSEUM FROM DAMAGE DUE TO MULTIPLE NATURAL DISASTERS, DISRUPTING THOUSANDS OF ARTIFACTS OF THE AMERICAN VISIONARY ENTREPRENUER AND ENTERTAINER, PHINEAS TAYLOR BARNUM. 453696 1 1 0 0 0 0 1 1 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 15 0 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 CT X KATHLEEN MAHER 2033311104 820 MAIN STREET BRIDGEPORT CT 06604 CHRIS DZWONKOWSKI CHAIRMAN 1.00 X X 0 0 0 PAUL ANTINOZZI VICE CHAIRMAN (THRU 2/23) 1.00 X X 0 0 0 KELLY F O'DONNELL SECRETARY 1.00 X X 0 0 0 JERI ANN COOK TREASURER 1.00 X X 0 0 0 JOE BARNEY DIRECTOR 1.00 X 0 0 0 ELINOR BIGGS DIRECTOR 1.00 X 0 0 0 ROBERT CARDILLO DIRECTOR 1.00 X 0 0 0 GREGG DANCHO DIRECTOR 1.00 X 0 0 0 ANN-MARIE DEGRAFFENREIDT DIRECTOR 1.00 X 0 0 0 ERIC DILLNER DIRECTOR 1.00 X 0 0 0 GEORGE ESTRADA DIRECTOR 1.00 X 0 0 0 BETSY GOLDEN KELLEM DIRECTOR 1.00 X 0 0 0 BRUCE HAWLEY DIRECTOR 1.00 X 0 0 0 JIM LOHR DIRECTOR 1.00 X 0 0 0 TOM MCCARTHY DIRECTOR 1.00 X 0 0 0 SARAH MONCK DIRECTOR 1.00 X 0 0 0 RAMON PONS III DIRECTOR 1.00 X 0 0 0 KATHLEEN MAHER EXECUTIVE DIRECTOR 40.00 X 115691 0 19807 JOHN SWING ASSISTANT EXECUTIVE DIRECT 40.00 X 93645 0 10621 209336 0 30428 1 0 0 0 KRONENBERGER AND SONS RESTORATION LLC 174 INDUSTRIAL PARK ROAD MIDDLETOWN CT 06457 CONSTRUCTION & RESTORATION SERVICES 2439915 ANTINOZZI ASSOCIATES PC 271 FAIRFIELD AVENUE BRIDGEPORT CT 06604 ARCHITECT & CONSTRUCTION MANAGEMENT SERV 192671 2 3677844 48890 3726734 OTHER REVENUE 900099 1527 1527 1527 3728261 0 0 1527 X 135499 86381 20189 28929 171086 109067 25492 36527 13660 8708 2036 2916 22959 14636 3421 4902 22978 17208 2937 2833 31800 23814 4065 3921 101946 76345 13030 12571 1372 686 274 412 68478 27391 34239 6848 50167 50167 12018 7691 2164 2163 23401 15000 4259 4142 MOVING AND STORAGE 14437 9254 2628 2555 SECURITY 6180 5562 556 62 MISCELLANEOUS ADMIN 2365 1516 430 419 EDUCATION 270 270 678616 453696 115720 109200 121782 295209 108997 19987 38846 627923 9769 13383 4813065 32824 1542095 4780241 2932 1587 1824421 5738330 62452 896711 196276 196276 13000 44350 2932 1587 274660 1138924 X 1536135 4530476 13626 68930 1549761 4599406 1824421 5738330 3049645 0 X 0 1 X 1 0 X 566831 760319 657682 556629 3726734 6268195 566831 760319 657682 556629 3726734 6268195 6268195 3698 2053 1482 83679 1527 92439 6360634 0.98550 0.97100 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: INSURANCE RECOVERIES - OTHER REVENUE - 2019 AMOUNT: $ 3,698. 2020 AMOUNT: $ 2,053. 2021 AMOUNT: $ 1,482. 2022 AMOUNT: $ 83,679. 2023 AMOUNT: $ 1,527. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 3 0.14 3 0 0 1 0 3000.00 X X X 0 14642 14642 0 18182 18182 0 4780241 4780241 4780241 RIGHT-OF-USE LIABILITY 1587 1587 4380261 652000 652000 3728261 0 3728261 1330616 652000 652000 678616 0 678616 PART II, LINE 9: THE ONLY CONSERVATION EASEMENT IS RELATED TO THE HISTORIC BUILDING AND LAND THE MUSEUM IS LOCATED ON AND IS INCLUDED WITHIN PROPERTY, PLANT & EQUIPMENT ON THE FINANCIAL STATEMENTS. ANY EXPENSES ARE EITHER CAPITALIZED OR EXPENSED IN ACCORDANCE WITH GAAP. PART III, LINE 1A: THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE FOUNDATION'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT 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 TEMPORARILY OR PERMANENTLY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. TITLE TO ALL OBJECTS IS HELD BY THE BARNUM MUSEUM FOUNDATION, RECOGNIZED AS A CHARITABLE CONTRIBUTION AND HELD IN THE PUBLIC TRUST. THE BARNUM MUSEUM FOUNDATION DOES NOT RECOGNIZE INCOME FROM THE DONATIONS OF ARTIFACTS TO THE COLLECTION ON THE STATEMENT OF NET ASSETS. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. PART III, LINE 4: THE COLLECTIONS ARE MADE UP OF WORKS OF ART AND ITEMS OF HISTORICAL SIGNIFICANCE THAT ARE HELD FOR EDUCATIONAL, RESEARCH AND CURATORIAL PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. THE COLLECTIONS ARE SUBJECT TO A POLICY THAT REQUIRES PROCEEDS FROM THEIR SALES TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO SUCH COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND IS THEN REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, ALL BOARD OF DIRECTORS AND EMPLOYEES SIGN A CONFLICT OF INTEREST POLICY WHERE THEY HAVE THE ABILITY TO DISCLOSE ALL KNOWN CONFLICTS. ON AN ONGOING BASIS, BOARD MEMBERS AND EMPLOYEES ARE ASKED TO DISCLOSE ANY KNOWN CONFLICTS RELATED TO NEW TRANSACTIONS. IF ANY CONFLICTS ARE IDENTIFIED, THE EXECUTIVE DIRECTOR AND BOARD CHAIR DETERMINE THE SIGNIFICANCE OF THE CONFLICT AND DECIDE WHETHER THE BOARD MEMBER IS DEEMED ACCEPTABLE TO VOTE ON SAID TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS HAS THE RESPONSIBILITY TO ANNUALLY REVIEW AND APPROVE THE EXECUTIVE DIRECTORS' COMPENSATION, AND APPROVAL IS TIMELY DOCUMENTED. THE BOARD REVIEWS COMPARABLE COMPENSATION FROM SIMILAR AREA NOT-FOR-PROFIT ORGANIZATIONS. THIS PROCESS LAST OCCURRED IN 2023. FORM 990, PART VI, SECTION B, LINE 15B: THERE ARE NO OTHER COMPENSATED INDIVIDUALS THAT MEET THE INTERNAL REVENUE SERVICE DEFINITION OF OFFICER OR KEY EMPLOYEE. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC IMMEDIATELY AND AT NO COST UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 61,277. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 12,571. TOTAL EXPENSES 73,848. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 15,068. MANAGEMENT AND GENERAL EXPENSES 13,030. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 28,098.