2025-06-16T13:47:31-05:00 2024-07-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2023-08-01 530204620 THE PHILLIPS COLLECTION PHIL 2023872151 1600 21ST STREET NW WASHINGTON DC 20009 CHERYL NICHOLS CHIEF FINANCIAL OFFICER 2023872151 2025-06-16 1 0 ELIZABETH W HELLER P00397829 3019519090 2023 2025-03-06 01:10:19Z JOHN DESPRES 1600 21ST STREET NW WASHINGTON DC 20009 25063392 0 X WWW.PHILLIPSCOLLECTION.ORG X 1921 DC THE PHILLIPS COLLECTION IS THE OLDEST MUSEUM OF MODERN AND CONTEMPORARY ART IN THE U.S. 28 28 242 60 81428 71040 15461920 7507678 1376906 1942599 4120839 3783554 308690 462165 21268355 13695996 0 0 0 0 8980240 9236088 46284 58015 2182653 7588830 8055699 16615354 17349802 4653001 -3653806 127766198 128931106 7272187 7316661 120494011 121614445 X THE PHILLIPS COLLECTION IS THE OLDEST MUSEUM OF MODERN AND CONTEMPORARY ART IN THE U.S. IN ADDITION TO PRESENTATION OF WORKS FROM THE PERMANENT COLLECTION AND SPECIAL EXHIBITIONS, THE MUSEUM MAINTAINS ACTIVE EDUCATIONAL, ACADEMIC, (CONTINUED ON SCHEDULE O)AND PUBLIC PROGRAMS, AND NUMEROUS PARTNERSHIPS WITH OTHER D.C. ARTS ORGANIZATIONS, EMBASSIES, AND EDUCATIONAL INSTITUTIONS. THE PHILLIPS TAKES PRIDE IN ITS HERITAGE AS AN INTIMATE MUSEUM COMBINED WITH AN EXPERIMENT STATION. 0 0 4515042 921382 DEVELOPMENT AND PRESENTATION OF SPECIAL EXHIBITIONS INCLUDING WORKS FROM THE MUSEUM'S OWN HOLDINGS, LOANS FROM INDIVIDUALS AND OTHER INSTITUTIONS, AND COLLABORATIONS WITH OTHER VENUES. HIGHLIGHTS FROM FY24 INCLUDE AFRICAN MODERNISM IN AMERICA, 1947-67, WHICH EXAMINED THE COMPLEX CONNECTIONS BETWEEN MODERN AFRICAN ARTISTS AND AMERICAN PATRONS, ARTISTS, AND CULTURAL ORGANIZATIONS AMID THE INTERLOCKING HISTORIES OF CIVIL RIGHTS, DECOLONIZATION, AND THE COLD WAR; BONNARD'S WORLDS, AN EXHIBITION GUIDED BY THE PLACES THAT FOUND EXPRESSION IN BONNARD'S ART, FROM URBAN AND REGIONAL SETTINGS TO THE INTIMATE INTERIOR SPACES OF HIS DWELLINGS AND HIS THOUGHTS; AND MULTIPLICITY: BLACKNESS IN CONTEMPORARY AMERICAN COLLAGE, WHICH CELEBRATED THE BROAD VARIETY AND COMPLEXITY OF BLACK IDENTITY (CONTINUED ON SCHEDULE O) THROUGH EXPERIMENTAL TECHNIQUES, OFFERING POIGNANT EXPRESSIONS OF HUMAN EXPERIENCE, INCLUDING FRAGMENTATION AND RECONSTRUCTION, SHARED HISTORY AND MEMORY, CULTURAL HYBRIDITY, GENDER FLUIDITY, AND NOTIONS OF BEAUTY.SPECIAL INSTALLATIONS INCLUDE A REINSTALLATION IN THE ROTHKO ROOM, WHICH SHOWCASED THREE ROTHKO PAINTINGS ON SPECIAL LOAN FROM THE COLLECTIONS OF THE ARTIST'S CHILDREN; ONE-ON-ONE: UGO RONDINONE / LOUIS EILSHEMIUS, WHICH PLACED PAINTINGS BY EILSHEMIUS, BOTH FROM THE PHILLIPS' COLLECTION AND RONDINONE'S COLLECTION, IN DIALOGUE WITH RONDINONE'S SKETCHES AND LANDSCAPE PAINTINGS; AND IN AND OUT OF THE GARDEN, AN INSTALLATION OF PAINTINGS BY JENNIFER BARTLETT FEATURING UNIQUE PERSPECTIVES OF HER GARDEN VIEW IN A VARIETY OF MEDIA; WHERE WE MEET, A LOOK AT THE OVERLAPPING INSTITUTIONAL HISTORIES BETWEEN THE HOWARD UNIVERSITY GALLERY OF ART AND THE PHILLIPS COLLECTION, REVEALING AN EARLY AND EVOLVING RELATIONSHIP DEVELOPED THROUGH A COMMON INTEREST IN COLLECTING, STEWARDSHIP, AND PROVIDING ACCESS TO ART; BERNARD ROIG: THE HEAD OF GOYA, A SELECTION OF DRAWINGS CREATED DURING THE 2020 COVID-19 LOCKDOWN INSPIRED BY THE LOST, SEVERED HEAD OF FRANCISCO JOS DE GOYA THAT MEDITATES ON THE TIME OF BODILY ISOLATION AND GLOBAL UNCERTAINTY; AND UP CLOSE WITH PAUL CEZANNE, AN UNVEILING OF TWO RECENTLY CONSERVED WORKS BY PAUL CEZANNE, MONT SAINTE-VICTOIRE (1886-87) AND SELF-PORTRAIT (1878-80), VIEWED IN THE CONTEXT OF FIVE OTHER WORKS BY CEZANNE. 3500351 666559 MANAGEMENT AND MAINTENANCE OF THE MUSEUM'S PERMANENT COLLECTION OF NEARLY 6,000 WORKS. WHEN THE MUSEUM OPENED TO THE PUBLIC IN 1921 AS THE NATION'S FIRST MUSEUM OF MODERN AND CONTEMPORARY ART, THE COLLECTION COMPRISED OVER 200 WORKS ACQUIRED BY DUNCAN PHILLIPS. OUR NEW ACQUISITIONS, ARRIVING THROUGH BOTH GIFT AND PURCHASE, REFLECT THE MUSEUM'S EFFORTS TO CONTINUE PHILLIPS'S LEGACY WITH WORKS THAT DEEPEN OR INTRODUCE NEW GLOBAL VOICES INTO OUR COLLECTION WHILE ENRICHING THE NARRATIVE OF MODERN AND CONTEMPORARY ART. OUR DISPLAYS OF THE PERMANENT COLLECTION HAVE BUILT MEANINGFUL CONNECTIONS WITH COMMUNITIESFROM LOCAL TO INTERNATIONAL. NOTEWORTHY NEW COLLECTION ARTISTS INCLUDED VIVIAN BROWNE, SAM GILLIAM, RICHARD LEAROYD, AND SYLVIA SNOWDEN. COMMENSURATE ACTIVITIES INCORPORATED ONGOING CONSERVATION (CONTINUED ON SCHEDULE O) EFFORTS TO PRESERVE AND PROTECT THE GROWING COLLECTION, AND THE CONTINUANCE OF COLLECTION DIGITIZATION FOR PUBLICATIONS AND PRESENTATION ON THE MUSEUM'S WEBSITE, ARTSTOR, GOOGLE ARTS & CULTURE, AND THE MULTI-MUSEUM APP BLOOMBERG CONNECTS. MOREOVER, THE HIGH QUALITY OF WORKS IN THE COLLECTION PRESENTED MANY OPPORTUNITIES FOR COLLABORATION WITH OTHER MUSEUMS BOTH FOR EXHIBITION PARTNERSHIPS AND FOR LENDING WORKS TO ENHANCE PROJECTS AT OTHER VENUES - NOTABLE FY24 BORROWERS INCLUDED MUSEE COURBET, ORNANS, FRANCE; WALLRAF-RICHARTZ-MUSEUM & FONDATION CORBOUD, COLOGNE, GERMANY; AND THE ART INSTITUTE OF CHICAGO, ILLINOIS. THE PHILLIPS ALSO OCCASIONALLY CIRCULATES EXHIBITIONS DRAWN FROM ITS COLLECTION TO OTHER VENUES TO GIVE THOSE LIVING OUTSIDE THE DC AREA THE OPPORTUNITY TO ENJOY THE TREASURES WE HOLD. FROM NOVEMBER 2023 INTO MARCH 2024, THE PHILLIPS WAS PRIVILEGED TO PRESENT ALL STARS: AMERICAN ARTISTS FROM THE PHILLIPS COLLECTION AT DENVER ART MUSEUM IN COLORADO TO HIGH ACCLAIM. 3100199 738967 THE PHILLIPS COLLECTION ENGAGED WITH AUDIENCES THROUGH ONSITE PROGRAMS INCLUDING MEMBER ART TOURS, EXHIBITION OPENINGS, AND OTHERS. THROUGH THOUGHTFULLY CURATED PERFORMANCES, PHILLIPS MUSIC, THE PHILLIPS COLLECTION'S CONCERT SERIES, CONTINUES TO PRESENT AN OUTSTANDING PROGRAM OF CONCERTS, SHOWCASING A CULTURALLY DIVERSE RANGE OF ARTISTS AND MUSICAL STYLES. THE SEASON HIGHLIGHTED BOTH EMERGING AND ESTABLISHED MUSICIANS, FEATURING COMPOSITIONS CELEBRATING ARTISTIC EXCELLENCE WHILE FOSTERING CONNECTIONS BETWEEN MUSIC AND VISUAL ART. WE WERE ABLE TO OFFER A FULL GUEST EXPERIENCE WITH AMENITIES INCLUDING OUR CAF WHICH IS OPERATED BY A WELL-LOVED LOCAL BAKERY, AND A GIFT SHOP WHICH CONTINUES TO BE ONE OF THE BEST MUSEUM SHOPS IN THE WORLD. WE CONNECTED WITH BOTH CURRENT AND POTENTIAL (CONTINUED ON SCHEDULE O) MEMBERS AND VISITORS THROUGH OUR WEBSITE, SOCIAL MEDIA, E-NEWSLETTERS, LOCAL AND REGIONAL MARKETING AND ADVERTISING, AND OUR PARTICIPATION IN THE BLOOMBERG CONNECTS APP. OUR DYNAMIC AND POPULAR 1ST THURSDAY OF THE MONTH PROGRAM, PHILLIPS AFTER FIVE, AND OUR 3RD THURSDAY FREE EVENINGS APPEAL TO A WIDE DEMOGRAPHIC. WE CONTINUE TO OFFER OUR MUSEUM AS A UNIQUE AND CAPTIVATING LOCATION FOR EXTERNAL EVENTS THROUGHOUT THE YEAR. 2016048 123533 THE PHILLIPS PRESENTED A BROAD RANGE OF PROGRAMMING DESIGNED TO APPEAL TO THE MUSEUM'S EXPANDING VISITOR DEMOGRAPHIC. EDUCATION PROGRAMS HELP AUDIENCES SEE, CREATE, AND ENGAGE WITH ART IN NEW AND UNEXPECTED WAYS. WE GAVE 875 GUIDED TOURS AND SPOTLIGHTS TALKS TO 6,859 GUESTS. THE PHILLIPS PROVIDES IN-DEPTH PROFESSIONAL DEVELOPMENT OPPORTUNITIES ON ARTS INTEGRATION USING THE MUSEUM'S COLLECTION AND ONLINE RESOURCES. PROFESSIONAL DEVELOPMENT OPPORTUNITIES FEATURE ARTWORKS FROM THE PHILLIPS'S SPECIAL EXHIBITIONS AND PERMANENT COLLECTION AND FOCUS ON PRISM.K12, THE MUSEUM'S ARTS INTEGRATION STRATEGIES AND MODEL FOR CULTURALLY RESPONSIVE TEACHING (HTTPS://WWW.PHILLIPSCOLLECTION.ORG/ PRISMK12-STRATEGIES). PROFESSIONAL DEVELOPMENT SESSIONS ARE DESIGNED FOR TEACHERS TO EASILY INTEGRATE IDEAS AND ACTIVITIES INTO THEIR CLASSROOMS, AND THEY MAY TAKE PLACE AT THE MUSEUM, AT AREA SCHOOLS, OR VIRTUALLY. IN 2023-2024, THE MUSEUM REACHED 712 TEACHERS THROUGH 27 PROFESSIONAL DEVELOPMENT SESSIONS, WHICH INCLUDED THREE-HOUR SESSIONS, FIFTEEN-HOUR MULTI-WEEK PROGRAMS, AND A WEEKLONG SUMMER TEACHER INSTITUTE. ADDITIONALLY, THE MUSEUM HAS OVER 50 ONLINE LESSON PLANS AVAILABLE THROUGH THEIR WEBSITE THAT CONNECT ACROSS ALL SUBJECT AREAS. WE REACHED 4,535 PK-12 STUDENTS WITHIN THE DC PUBLIC AND CHARTER SCHOOLS, MARYLAND, AND VIRGINIA DURING THE FISCAL YEAR THROUGH 139 TOURS. 61% OF THOSE WERE DC SCHOOLS. THE MUSEUM'S MULTI-VISIT SCHOOL PARTNERSHIP PROGRAM, ART LINKS, REACHED 1,632 STUDENTS FROM 23 SCHOOLS AND ORGANIZATIONS. THE PHILLIPS COLLECTION'S WORKSHOP AND GALLERY AT THE TOWN HALL EDUCATION ARTS RECREATION CAMPUS (THEARC) PROVIDES A SPACE TO VIEW, DISCUSS, MAKE, AND EXHIBIT ART. PROGRAMS ARE CO-CREATED WITH OUR PARTNERS AND PARTICIPANTS TO ENCOURAGE AUTHENTIC COMMUNITY DIALOGUE, COMMUNITY PLANNING, AND COMMUNITY ACTION. TO THE EAST WAS A MURAL RETROSPECTIVE EXHIBITION DRAWING FROM THE ARCHIVES OF DC MURALS AND DC PUBLIC LIBRARY, AND THE ANACOSTIA COMMUNITY MUSEUM; SYDNEY VERNON EXHIBITION INVITED VIEWERS INTO THE WORLD OF SYDNEY VERNON, WHO SUPERIMPOSED AND ALTERED PERSONAL FAMILY PHOTOGRAPHS WITH REAL AND IMAGINED HISTORIES OF BLACK AMERICAN CULTURE FOR FURTHER REINTERPRETATION; ZSUDAKA NZINGA: HOME COMING / HOME GOING PRESENTED RECENT WORKS BY NZINGA THAT EXAMINED THE DIVERSE WAYS BLACK AMERICANS FIND, DEFINE, AND ESTABLISH "HOME". DIGITAL INTERSECTIONS WERE CREATED BY 3 REGIONAL ARTISTS AND DISPLAYED FOR ANYONE PASSING BY. FROM ITS VERY INCEPTION, THE PHILLIPS HAS FOCUSED ON THE HEALING POWER OF ART. OUR CREATIVE AGING PARTNERSHIP WITH IONA SENIOR SERVICES, ARTS FOR THE AGING (AFTA), AND SEVERAL OTHER SENIOR CENTERS ACROSS DC SERVED 711 PARTICIPANTS ACROSS 42 SESSIONS. IONA'S NEW CAMPUS NEAR THEARC ALLOWS THE PHILLIPS TO SERVE MORE OLDER ADULTS IN WARDS 7 AND 8. OUR MOST POPULAR VIRTUAL OFFERING WITH AN AVERAGE OF 70 PARTICIPANTS EACH WEEK IS OUR ART-BASED MEDITATION PROGRAM, CONSISTING OF AN ART DISCUSSION LED BY THE PHILLIPS'S HEAD OF EXPERIENTIAL LEARNING AND GUIDED MEDITATION LED BY THE MUSEUM'S RESIDENT YOGA TEACHER; 3,749 PEOPLE PARTICIPATED LAST YEAR. WE ALSO SERVED 1,016 PARTICIPANTS THROUGH 22 FAMILY PROGRAMS. 2016048 123533 13131640 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 0 1 0 0 0 1 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 169 0 1 242 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 28 28 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 0 0 AL AR CA FL GA IL KS KY MD MA MI MN MS NH NJ NM NY NC OR PA RI SC TN UT VA WV WI X X CHERYL NICHOLS 2023872151 1600 21ST STREET NW WASHINGTON DC 20009 JOHN DESPRES CHAIR 3.00 X X 0 0 0 BARBARA HALL VICE CHAIR 2.00 X X 0 0 0 SALA PATTERSON VICE CHAIR 2.00 X X 0 0 0 JUDY POMERANZ SECRETARY 2.00 X X 0 0 0 ROBERT DRUMHELLER TREASURER 2.00 X X 0 0 0 PATTY ALPER-COHN TRUSTEE 1.00 X 0 0 0 DOUGLAS BENNETT TRUSTEE 1.00 X 0 0 0 BEATRIZ BOLTON TRUSTEE 1.00 X 0 0 0 BARBARA BERISH BROWN TRUSTEE 1.00 X 0 0 0 NINA CHUNG DWYER TRUSTEE 1.00 X 0 0 0 JOSH EASTRIGHT TRUSTEE 1.00 X 0 0 0 TODD GALAIDA TRUSTEE 1.00 X 0 0 0 JULIE GARCIA TRUSTEE 1.00 X 0 0 0 PAMELA GWALTNEY TRUSTEE 1.00 X 0 0 0 BONNIE BURKE HIMMELMAN TRUSTEE 1.00 X 0 0 0 LYNNE N HORNING TRUSTEE 1.00 X 0 0 0 BENNIE F JOHNSON TRUSTEE 1.00 X 0 0 0 PAMELA KAPLAN TRUSTEE 1.00 X 0 0 0 PAUL KILLIAN TRUSTEE 1.00 X 0 0 0 GAIL LIONE TRUSTEE 1.00 X 0 0 0 JANE LOLE TRUSTEE 1.00 X 0 0 0 B THOMAS MANSBACH TRUSTEE 1.00 X 0 0 0 JUANITA MOORE TRUSTEE 1.00 X 0 0 0 LIZA PHILLIPS TRUSTEE 1.00 X 0 0 0 ERIC RICHTER TRUSTEE 1.00 X 0 0 0 MARK ROSMAN TRUSTEE 1.00 X 0 0 0 LESLIE WHEELOCK TRUSTEE 1.00 X 0 0 0 BETSY WILLIAMS TRUSTEE 1.00 X 0 0 0 JONATHAN BINSTOCK VRADENBURG DIRECTOR & CEO 60.00 X 301894 0 53243 CHERYL NICHOLS CFO 45.00 X 187502 0 50652 MICHELE WINKLER THOMAS DEP. DIR. OF STRAT. & COO(END 09/23) 45.00 X 107719 0 3216 EARL RICHARDS CONTROLLER 45.00 X 109727 0 14807 YUMA I TOMES HORNING CHAIR FOR DEAI 45.00 X 130617 0 21473 ELSA SMITHGALL CHIEF CURATOR 45.00 X 123341 0 29723 ANGELA GILLESPIE DIR. OF HUMAN RESOURCES 45.00 X 116080 0 52815 VESELA SRETENOVIC DIR. OF CONT. ART INIT. (END 12/23) 45.00 X 136242 0 13527 DOROTHY KOSINSKI FORMER OFFICER 0.00 X 366781 0 36585 1579903 0 276041 12 1 1 0 CROZIER FINE ARTS INC PO BOX 21089 NEW YORK NY 10087 ART SHIPPING & STORAGE 320968 MASTERPIECE INTERNATIONAL LTD 39 BROADWAY 14TH FL NEW YORK NY 10006 ART SHIPPING 217156 DESIGN CUISINE 2659 S SHIRLINGTON ROAD ARLINGTON VA 22206 CATERING 160101 P&R ENTERPRISES PO BOX 8095 FALLS CHURCH VA 22041 CLEANING SERVICES 145861 HLP ASSOCIATES INC 1200 G ST NW SUITE 800 WASHINGTON DC 20005 IT SERVICES 143687 6 1478139 672483 667655 4689401 440442 7507678 VISITOR FEES 900099 1233948 1233948 FEES FROM EXHIBITIONS/LOANED ART 900099 254823 254823 FACILITY/EQUIP RENTAL 900099 231125 231125 MUSIC & EDUCATIONAL PROGRAMS 900099 123533 123533 MEMBERSHIP DUES 900099 99170 99170 1942599 1423025 81428 1341597 10128 10128 31640 0 31640 31640 31640 12987299 10626770 2360529 2360529 2360529 105960 672483 212943 -106983 -106983 1035525 527683 507842 507842 MISCELLANEOUS 900099 19538 19538 19538 13695996 2450441 81428 3656449 648416 372321 135038 141057 6806146 5506093 249109 1050944 274191 229621 12609 31961 934568 737792 49267 147509 572767 460194 37563 75010 79515 79515 7708 7708 58015 58015 289962 289962 1400050 916744 95751 387555 306003 298627 6295 1081 1284906 1024444 95666 164796 273244 180098 68484 24662 13199 8071 4576 552 703454 396701 295024 11729 152545 119146 28832 4567 238298 176363 54953 6982 1377221 859276 483925 34020 322566 294889 22764 4913 OTHER EXHIBITION EXP. 1127807 1119590 5011 3206 EVENTS 274393 204741 43266 26386 PURCHASES OF ART 227776 227776 MISCELLANEOUS -22948 -847 -22101 17349802 13131640 2035509 2182653 536247 871265 6990245 7051409 6928 19702 407949 404300 324412 200911 51342990 24124823 28410195 27218167 43005754 43966384 46307360 47421860 1777108 1777108 127766198 128931106 998322 1588752 81681 94706 5773617 5303645 250000 200000 168567 129558 7272187 7316661 X 34804162 35097346 85689849 86517099 120494011 121614445 127766198 128931106 -3653806 4774240 0 X 0 1 X 1 0 X 6034132 11092248 9109344 15461920 7507678 49205322 6034132 11092248 9109344 15461920 7507678 49205322 7590794 41614528 740728 802034 1804557 1532162 1383365 6262846 24097 37188 130311 95059 71040 357695 259 43 10418 3825 19538 34083 55859946 12143735 0.74500 0.72310 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2019 AMOUNT: $ 259. 2020 AMOUNT: $ 43. 2021 AMOUNT: $ 10,418. 2022 AMOUNT: $ 3,825. 2023 AMOUNT: $ 19,538. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 7708 7708 0 PART II-B, LINE 1: THE PHILLIPS COLLECTION ENGAGES LOBBYISTS WHO REPRESENT THE NATIONAL CAPITAL ARTS CONSORTIUM, AN INFORMAL COOPERATIVE, UNDERTAKING IN WHICH THE PHILLIPS COLLECTION PARTICIPATES. THE LOBBYISTS PROVIDE INFORMATION ABOUT THAT AVAILABILITY AND METHODOLOGY FOR OBTAINING FUNDS FROM THE FEDERAL GOVERNMENT, DC GOVERNMENT, INDUSTRIES, AND FOUNDATIONS, AND EDUCATE LAWMAKERS ON THE NECESSITY FOR SUCH FUNDS AS WASHINGTON, DC HAS NO STATE ARTS ORGANIZATION. X X X X 0 85032079 838097 8256045 6305908 87820313 81825591 4786206 6123186 7702904 85032079 85714181 545805 -1389791 3044604 81825591 64081984 4466106 19212794 2046703 85714181 63985176 327524 3099599 3330315 64081984 0.11500 0.68510 0.19990 0 0 833240 833240 46970979 21683804 25287175 14995 9996 4999 2776833 2049950 726883 746943 381073 365870 27218167 ALTERNATIVE FUNDS - FLEXIBLE CAPITAL 28579985 F ALTERNATIVE FUNDS - PRIVATE FUNDS 18841875 F 47421860 GIFT ANNUITY DEBT 48793 CAPITAL LEASE OBLIGATION 80765 129558 17176142 10015 273039 6218555 6501609 10674533 3021463 3021463 13695996 18227121 273039 874549 1147588 17079533 270269 270269 17349802 PART III, LINE 1A: WORKS OF ART IN THE MUSEUM'S COLLECTION ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENTS OF FINANCIAL POSITION. PURCHASES OF ART ARE RECORDED AS DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTIONS IF PURCHASED WITH ASSETS WITHOUT DONOR RESTRICTIONS AND ARE RECORDED AS DECREASES IN NET ASSETS WITH DONOR RESTRICTIONS IF PURCHASED WITH DONOR-RESTRICTED ASSETS. CONTRIBUTIONS OF COLLECTION ITEMS ARE NOT RECOGNIZED IN THE STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS; HOWEVER, CERTAIN CONTRIBUTIONS ARE RECORDED AS INCREASES IN NET ASSETS WITH DONOR RESTRICTIONS IF A DONOR MAKES A CONTRIBUTION INTENDED TO FUND THE SUBSEQUENT PURCHASE OF ART. PROCEEDS FROM THE SALE OF DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED ON THE STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS BASED ON THE ABSENCE OR EXISTENCE AND NATURE OF DONOR- IMPOSED RESTRICTIONS. THERE WERE 6 DEACCESSIONS OF ARTWORK DURING THE YEAR ENDED JULY 31, 2024, ALTHOUGH NONE WERE SOLD. PART III, LINE 4: AS STATED IN ARTICLE 3 OF THE COLLECTION'S ARTICLES OF INCORPORATION, THE FOCUS OF THE PERMANENT COLLECTION IS THE EMERGENCE OF MODERN ART IN EUROPE AND THE UNITED STATES IN THE LATE NINETEENTH AND THE TWENTIETH CENTURIES (NOW THE 21ST AS WELL), AND IN PARTICULAR THE EXPRESSIVE, INDIVIDUALISTIC, COLORFUL, NATURE-BASED ART FAVORED BY DUNCAN PHILLIPS. PHILLIPS WISHED FOR THE MUSEUM TO CONTINUE TO COLLECT CONTEMPORARY ART OF THE KIND HE FAVORED SO THAT LIVING AND EMERGING ARTISTS WOULD HAVE A VENUE TO SHOW THE RESULTS OF THEIR RESEARCH AND THEIR AESTHETIC ADVENTURES. THE COLLECTION PERMITS THE MUSEUM TO PROVIDE OUTSTANDING EXHIBITIONS AND RELATED ART PROGRAMMING FOR THE EDUCATION OF THE PUBLIC. PART V, LINE 4: THE MUSEUM'S ENDOWMENT IS INVESTED TO PROVIDE INCOME FOR OPERATIONS, FOR PROGRAMS AND EXHIBITIONS, FOR DISPLAY AND PRESERVATION OF THE PERMANENT COLLECTION. PART XI, LINE 2D - OTHER ADJUSTMENTS: ENDOWMENT EARNINGS TRANSFERRED FOR OPERATIONS 6,084,632. INCLUDED IN REVENUE ON THE FINANCIAL STATEMENTS AND EXCLUDED FROM REVENUE ON FORM 990, PART VIII. EXHIBITION PARTICIPATION EXPENSE FEES INCLUDED IN EXPENSES 133,923. ON THE FINANCIAL STATEMENT AND NETTED AGAINST REVENUE ON FORM 990, PART VIII. PART XI, LINE 4B - OTHER ADJUSTMENTS: REALIZED GAINS, NON-OPERATING, REPORTED AS AN "OTHER ITEM" 325,395. ON THE FINANCIAL STATEMENTS AND INCLUDED AS REVENUE ON FORM 990, PART VIII. GALA EXPENSES EXCLUDED FROM REVENUE ON THE FINANCIAL -212,943. STATEMENTS AND NETTED AGAINST REVENUE ON FORM 990, PART VIII. SHOP COST OF GOODS SOLD EXCLUDED FROM REVENUE ON -527,683. THE FINANCIAL STATEMENTS AND NETTED AGAINST REVENUE ON FORM 990, PART VIII. INTEREST, NON-OPERATING, REPORTED AS AN "OTHER ITEM" 3,436,694. ON THE FINANCIAL STATEMENTS AND INCLUDED AS REVENUE ON FORM 990, PART VIII. PART XII, LINE 2D - OTHER ADJUSTMENTS: GALA EXPENSES INCLUDED IN EXPENSES ON THE FINANCIAL 212,943. STATEMENTS AND NETTED AGAINST REVENUE ON FORM 990, PART VIII. SHOP COST OF GOODS SOLD INCLUDED IN EXPENSES ON THE 527,683. FINANCIAL STATEMENTS AND NETTED AGAINST REVENUE ON FORM 990, PART VIII. EXHIBITION PARTICIPATION EXPENSE FEES INCLUDED IN EXPENSES 133,923. ON THE FINANCIAL STATEMENT AND NETTED AGAINST REVENUE ON FORM 990, PART VIII. PART XII, LINE 4B - OTHER ADJUSTMENTS: UBIT TAX EXPENSE REPORTED AS AN "OTHER ITEM" ON THE -19,692. FINANCIAL STATEMENTS AND INCLUDED AS AN EXPENSE ON FORM 990, PART IX. INVESTMENT FEES, NON-OPERATING, REPORTED AS AN "OTHER ITEM" 289,961. ON THE FINANCIAL STATEMENTS AND INCLUDED AS AN EXPENSE ON FORM 990, PART IX. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS IN REGION 24430338 EUROPE 0 0 INVESTMENTS IN REGION 719 0 0 0 0 0 0 24431057 0 24431057 1 0 1 1 1 0 X 1 DANILLER COMPANY 3724 JEFFERSON STREET SUITE 302 AUSTIN TX 78731 MEMBER ACQUISITION MAILINGS 0 121335 58015 63320 121335 58015 63320 AL AK AR CA CO CT DC FL GA IL KS KY ME MD MA MI MN MS NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI ANNUAL GALA 778443 672483 105960 137150 75793 778443 672483 105960 137150 75793 212943 -106983 X X X X X 1 0 0 0 0 0 0 1 0 DOROTHY KOSINSKI FORMER OFFICER 66781 0 300000 0 0 0 29999 0 6586 0 403366 0 0 0 JONATHAN BINSTOCK VRADENBURG DIRECTOR & CEO 301894 0 0 0 0 0 28846 0 24397 0 355137 0 0 0 CHERYL NICHOLS CFO 187502 0 0 0 0 0 28915 0 21737 0 238154 0 0 0 ANGELA GILLESPIE DIR. OF HUMAN RESOURCES 116080 0 0 0 0 0 23538 0 29277 0 168895 0 0 0 ELSA SMITHGALL CHIEF CURATOR 123341 0 0 0 0 0 29723 0 0 0 153064 0 0 0 YUMA I TOMES HORNING CHAIR FOR DEAI 130617 0 0 0 0 0 10599 0 10874 0 152090 0 0 0 PART I, LINE 4A VESELA SRETENOVICH RECEIVED A $52,500 ONE-TIME CONTRACTUALLY OBLIGATED PAYMENT IN 2023. PART I, LINE 7 DOROTHY KOSINSKI RECEIVED A ONE-TIME CONTRACTUALLY OBLIGATED PAYMENT OF $300,000 IN 2023. A DISTRICT OF COLUMBIA 536001131 254839E82 2012-11-01 27000000 MUSEUM EXPANSION - DC 30 YEAR BOND ISSUED IN 2003 & REISSUED IN 2012 & 2022. 0 0 0 A 21603284 27000000 27000000 2006 0 0 0 1 A 0 0 0 0 0 0 0 A 0 0 0 1 0 0 0 0 0 A 0 X 87 0 X 46 538975 TRADE CONFIRMATIONS X BEVERAGE 1 32722 DONOR CONFIRMATION X FURNITURE 1 10435 DONOR CONFIRMATION 7 0 1 0 PART I, COLUMN (B): FOR WORKS OF ART DONATIONS, THIS COLUMN REPRESENTS THE NUMBER OF ITEMS CONTRIBUTED. FOR STOCK DONATIONS, FURNITURE AND FOOD AND BEVERAGE DONATIONS, THE NUMBER REFLECTED IS THE NUMBER OF DONATIONS RECEIVED. ADDITIONAL INFORMATION: FORM 990, PART VIII, LINE 1G REPORTS $440,442 OF IN-KIND DONATIONS DONATIONS ($397,285 STOCK DONATIONS $43,157 OTHER IN-KIND DONATIONS). SCHEDULE M, PART I, LINE 9 REPORTS $538,975. THE DIFFERENCE IS A RESULT OF PRIOR YEAR PLEDGES THAT, UNDER ACCRUAL ACCOUNTING, WERE INCLUDED IN INCOME IN FY23 BUT NOT PAID DURING FY23. WHEN THESE PLEDGES WERE PAID IN FY24, THE DONORS FULFILLED THE OBLIGATIONS WITH STOCK. PART I, LINE 33: THE ORGANIZATION DOES NOT REPORT THE VALUE OF ART HOLDINGS ON ITS FINANCIAL STATEMENT. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS ONE CLASS OF MEMBERSHIP. THE CLASS SHALL INCLUDE, WHEN POSSIBLE, ONE OR MORE MEMBERS OF THE FAMILY OF THE FOUNDER, DUNCAN PHILLIPS. FORM 990, PART VI, SECTION A, LINE 7A THE CHAIR OF THE GOVERNING BOARD SHALL BE DETERMINED BY THE VOTE OF THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCIAL STATEMENTS WERE PREPARED BY MANAGEMENT AND AUDITED BY THE MUSEUM'S INDEPENDENT AUDITORS. THE FORM 990 WAS PREPARED BY MANAGEMENT AND REVIEWED BY THE MUSEUM'S EXTERNAL TAX ACCOUNTANTS. THE AUDIT COMMITTEE OF THE BOARD IS CHARGED WITH REVIEWING THE AUDITED FINANCIALS AND THE ANNUAL 990 FILING. THESE DOCUMENTS ARE REVIEWED IN SPECIAL MEETINGS OF THE COMMITTEE ATTENDED BY MUSEUM STAFF AND (IN THE INSTANCE OF THE AUDITED FINANCIALS) THE EXTERNAL AUDITORS. FORM 990, PART VI, SECTION B, LINE 12C KEY EMPLOYEES ARE REQUIRED TO COMPLY WITH THE CONFLICTS OF INTEREST POLICY DETAILED IN THE STAFF HANDBOOK. LETTERS REITERATING THE POLICY FOR BOARD MEMBERS ARE SENT PERIODICALLY TO EACH BOARD MEMBER AS PART OF THE ANNUAL AUDIT PROCESS. EACH BOARD MEMBER IS REQUIRED TO SEND A WRITTEN RESPONSE INDICATING HIS/HER COMPLIANCE. IF A CONFLICT WERE TO ARISE, IT WOULD BE RESOLVED BY DISCUSSION WITH THE BOARD CHAIR AND AUDIT CHAIR, LEGAL COUNSEL, AND THE BOARD MEMBER AS TO THE APPROPRIATE RESOLUTION. FORM 990, PART VI, SECTION B, LINE 15A THE DIRECTOR OF THE MUSEUM WAS HIRED WITH THE ASSISTANCE OF A SEARCH FIRM WITH MAJOR NOT-FOR-PROFIT CLIENTS. ITS SALARY RECOMMENDATION WAS BASED UPON COMPARABLES FROM THAT FIRM'S EXPERIENCE AS WELL AS ON NATIONAL STATISTICAL SURVEYS. THE DIRECTOR'S SALARY IS DETERMINED BY THE BOARD'S CHAIR AND APPROPRIATE COMMITTEE BASED UPON PERFORMANCE RESULTS, BUDGET CAPACITY, AND COMPARABLES WITH OTHER MUSEUMS. INCREASES ARE SET IN THE EMPLOYMENT CONTRACT. ALL OTHER EMPLOYEES ARE HIRED IN SALARY RANGES UTILIZING LOCAL AND/OR NATIONAL STATISTICAL SURVEYS. INCREASES IN COMPENSATION OUTSIDE OF DC MINIMUM WAGE REQUIREMENTS ARE DETERMINED BY THE DIRECTOR IN CONSULTATION WITH THE CFO, DIRECTOR OF H.R. AND/OR SENIOR LEADERSHIP BASED UPON PERFORMANCE RESULTS AND IN COMPARISON WITH OTHER INSTITUTIONS BASED UPON STATISTICAL SURVEYS. FOR PROFESSIONAL STAFF, THE MOST COMMON SURVEY USED IS THE AMERICAN ASSOCIATION OF MUSEUM DIRECTORS ANNUAL SALARY SURVEY. THE LAST SALARY REVIEW TOOK PLACE IN SUMMER 2024 USING GENERAL DC MARKET DATA AND A 2024 SALARY SURVEY. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, AUDITED FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE BY REQUEST. THE AUDITED FINANCIAL STATEMENTS ARE ALSO AVAILABLE IN SUMMARY FORM WITHIN THE MUSEUM'S MEMBER MAGAZINE EACH YEAR. THE LAST 10 YEARS' AUDITED FINANCIAL STATEMENTS AND 990S ARE POSTED ON THE MUSEUM'S WEBSITE.