2024-08-07T09:57:17-05:00 2023-12-31 510076769 GUNNIP & COMPANY LLP 2751 CENTERVILLE RD STE 300 WILMINGTON DE 19808 990 2023-01-01 510065746 DELAWARE ART MUSEUM INC DELA 3025719590 2301 KENTMERE PARKWAY WILMINGTON DE 19806 DENISE DAVIS CHIEF FINANCIAL OFFICER 3024281720 2024-08-07 1 1 MICHAEL A TROLIO CPA P00357423 3022255000 2023 2024-08-08 14:25:15Z DENISE DAVIS 2301 KENTMERE PKWY WILMINGTON DE 19806 26984514 0 X WWW.DELART.ORG X 1912 DE COLLECT,PRESERVE,EXHIBIT, & INTERPRET WORKS OF ART 24 24 65 165 0 0 3116137 5067480 397903 477726 -3187518 -117581 -394426 -303244 -67904 5124381 0 0 0 0 2102914 2370375 0 0 534514 3491547 3947794 5594461 6318169 -5662365 -1193788 48275110 49998554 293805 359434 47981305 49639120 THE MUSEUM'S MISSION IS TO CONNECT PEOPLE TO ART, OFFERING AN INCLUSIVE AND ESSENTIAL COMMUNITY RESOURCE THAT THROUGH ITS COLLECTIONS, EXHIBITIONS, AND PROGRAMS GENERATES CREATIVE ENERGY THAT SUSTAINS, ENRICHES, EMPOWERS, AND INSPIRES. 0 0 3457122 155560 CURATORIAL EXPENSES FOR THE CONSERVATION & EXHIBITION OF ART 1121370 357639 EDUCATION 4578492 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 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 1 139 0 1 65 1 0 0 0 0 0 1 1 0 0 0 0 X 24 24 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X X X STACEY HARTNETT 3023518533 2301 KENTMERE PKWY WILMINGTON DE 19806 DAVID POLLACK ASST SECRETARY 1.00 X X 0 0 0 GERRET VAN S COPELAND CHAIRMAN 1.00 X X 0 0 0 SUSAN THOMAS FIRST VICE PRESIDENT 1.00 X X 0 0 0 CHRISTINE MORITZ PRESIDENT 1.00 X X 0 0 0 JEANANA LLOYD SECOND VICE PRESIDENT 1.00 X X 0 0 0 BARAK BASSMAN SECRETARY 1.00 X X 0 0 0 DANIEL LINDLEY TREASURER 1.00 X X 0 0 0 DAVID CULLMAN TRUSTEE 1.00 X 0 0 0 RONALD VARNEY TRUSTEE 1.00 X 0 0 0 KEN ALDRIDGE TRUSTEE 1.00 X 0 0 0 PHYLIS WOOLLEY MOBLEY TRUSTEE 1.00 X 0 0 0 FATIMAH CONLEY TRUSTEE 1.00 X 0 0 0 ERIC SMITH TRUSTEE 1.00 X 0 0 0 ELVA B FERRARI-GRAHAM TRUSTEE 1.00 X 0 0 0 CHRISTOPHER SAVAGE TRUSTEE 1.00 X 0 0 0 KATHLEEN S MATT TRUSTEE 1.00 X 0 0 0 RICHARD P FITZGERALD TRUSTEE 1.00 X 0 0 0 JAN JESSUP TRUSTEE 1.00 X 0 0 0 GEORGE MELDRUM TRUSTEE 1.00 X 0 0 0 SHEILA CANBY VOSS TRUSTEE 1.00 X 0 0 0 DANIEL COLE TRUSTEE 1.00 X 0 0 0 THOM SHUMOSIC TRUSTEE 1.00 X 0 0 0 TONI BUSH NEAL TRUSTEE 1.00 X 0 0 0 ALYSSA S O'CONNELL TRUSTEE 1.00 X 0 0 0 DENISE DAVIS CHIEF FINANCIAL OFFICER 24.00 X 72816 0 3641 MOLLY GIORDANO EXECUTIVE DIRECTOR 40.00 X 177295 0 20749 250111 0 24390 1 0 1 0 PEARL PRESERVATION LLC 1364 SOUTH HUDSON AVE LOS ANGELES CA 90019 PROGRAM IMPLEMENTATION 107903 ICORPS TECHNOLOGIES INC 300 TRADE CENTER SUITE 6540 WOBURN MA 01801 IT SERVICE 105395 2 182604 84045 1441620 3359211 57543 5067480 EDUCATION 611710 322166 322166 ADMISSIONS 900099 133463 133463 CURATORIAL 900099 22097 22097 477726 683405 683405 20243630 21044616 -800986 -800986 -800986 139092 84045 74606 64486 64486 337708 740911 -403203 -403203 MISCELLANEOUS 900099 35473 35473 35473 5124381 -287787 0 344688 X 250111 250111 2120264 1424295 302479 393490 97142 86875 10267 86382 22900 46340 17142 715492 632431 64374 18687 186715 41243 145472 ALLOCATION OF MAINTENAN 953435 842752 85782 24901 PROGRAMS 623221 623162 59 EXHIBITS 412486 412486 COLLECTION ACCESSIONS 193896 193896 679025 298452 300279 80294 6318169 4578492 1205163 534514 3099135 3886777 2533184 2120496 23395 52353 112177 126690 204813 93573 37635098 19923636 18194393 17711462 23036132 24899884 1071881 1107319 48275110 49998554 208615 281254 85190 78180 293805 359434 X 38901335 40130799 9079970 9508321 47981305 49639120 48275110 49998554 -1193788 2851603 0 X X 0 1 X 1 0 X 7052049 3688359 4281861 3116137 5067480 23205886 392631 147090 253990 397903 477726 1669340 7444680 3835449 4535851 3514040 5545206 24875226 4684197 476209 916192 672311 286049 7034958 0 4684197 476209 916192 672311 286049 7034958 17840268 574658 448797 545494 738480 637767 2945196 574658 448797 545494 738480 637767 2945196 8019338 4284246 5081345 4252520 6182973 27820422 0.64130 0.60070 0.10590 0.10340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 27209915 2354844 2516613 2513675 29567697 34629122 1575501 -4467318 4527390 27209915 32025331 2437168 3681733 3515110 34629122 29610966 1562505 3086296 2234436 32025331 23063507 5947947 4250844 3651332 29610966 1 0 608260 608260 35054442 18453233 16601209 300795 59958 240837 1671601 1410445 261156 17711462 X 7975984 2851603 2851603 5124381 0 5124381 6124273 0 6124273 193896 193896 6318169 PART V, LINE 4: ENDOWMENT EARNINGS ARE USED BY THE MUSEUM TO FUND MUSEUM OPERATIONS AND ART AND CAPITAL ACQUISITIONS. PART X, LINE 2: THE MUSEUM FOLLOWS FASB ASC 740 - INCOME TAXES. FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, THE MUSEUM HAS DETERMINED IT DID NOT HAVE A MATERIAL TAX LIABILITY FOR UNCERTAIN TAX POSITIONS. PART XII, LINE 4B - OTHER ADJUSTMENTS: COLLECTION ACCESSION SCHEDULE D, PART III, LINE 4 THE MUSEUM HOUSES 12,704 WORKS OF ART, INCLUDING MAJOR COLLECTION OF AMERICAN ILLUSTRATION FOCUSED ON HOWARD PYLE AND ILLUSTRATORS OF THE BRANDYWINE VALLEY; THE LARGEST COLLECTION OF PRE-RAPHAELITE ART OUTSIDE THE UNITED KINGDOM; AND A SURVEY OF AMERICAN ART IN ALL MEDIA (1757-PRESENT). THE AMERICAN ART COLLECTION INCLUDES SIGNIFICANT HOLDINGS OF MODERN AMERICAN PAINTING BY JOHN SLOAN AND THE EIGHT, CONTEMPORARY AMERICAN ART FROM THE REGION, AND A SCULPTURE GARDEN WITH WORK BY NATIONALLY RECOGNIZED CONTEMPORARY ARTISITS. THE MUSEUM'S HELEN FARR SLOAN LIBRARY & ARCHIVES CONTAINS OVER 40,000 ART AND REFERENCE VOLUMES AS WELL AS OVER 2,000 LINEAR FEET OF ARCHIVAL MATERIAL RELATED TO THE COLLECTIONS. PRE-RAPH GALA 89380 39450 49930 16984 3900 20417 ART OF THE COCKTAIL 57568 23095 34473 9696 1224 2 76189 21500 54689 12796 3900 5689 223137 84045 139092 39476 7800 27330 74606 64486 0 0 0 0 0 0 0 0 0 MOLLY GIORDANO EXECUTIVE DIRECTOR 177295 0 0 0 0 0 0 0 20749 0 198044 0 0 0 X 40 0 X 0 X 6 62459 AVERAGE OF HIGH & LOW 1 0 1 0 FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE MUSEUM CONSIST OF PERSONS WHO PAY DUES ESTABLISHED FOR ANY CLASS OF MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A ANNUAL MEETINGS OF THE MEMBERSHIP ARE HELD TO VOTE ON THE ELECTION OF TRUSTEES AND REVIEW THE BUSINESS OF THE MUSEUM. FORM 990, PART VI, SECTION B, LINE 11B THE MUSEUM'S BY-LAWS GIVE RESPONSIBILITY FOR OVERSEEING THE FILING OF FORM 990 TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE AUDIT COMMITTEE REVIEWS THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE MUST CERTIFY ANNUALLY THAT THEY HAVE REVIEWED THE ETHICS GUIDELINES FOR TRUSTEES AND DISCLOSE ANY POSSIBLE VIOLATION OF THE PRINCIPLES SET FORTH THEREIN. SIMILARLY, EVERY YEAR ALL EMPLOYEES MUST CERTIFY THAT THEY HAVE REVIEWED THE EMPLOYEE CODE OF ETHICS AND DISCLOSE ANY POSSIBLE VIOLATION OF THE PRINCIPLES SET FORTH THEREIN. ALL DISCLOSURES ARE REVIEWED BY THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 THE BY-LAWS REQUIRE THAT THE COMPENSATION FOR THE EXECUTIVE DIRECTOR BE SET BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. IN ESTABLISHING THE LEVEL OF COMPENSATION THE COMMITTEE FOLLOWS THE PROCESS DESCRIBED BELOW WHICH IS USED BY MANAGEMENT IN ESTABLISHING COMPENSATION FOR EMPLOYEES. A POSITION DESCRIPTION IS PREPARED AND PERIODICALLY UPDATED FOR EACH POSITION IN THE MUSEUM. COMPENSATION GUIDELINES FOR EACH POSITION ARE ESTABLISHED BY THE HUMAN RESOURCES MANAGER BY BENCHMARKING THE POSITIONS AGAINST THE SAME OR SIMILAR POSITIONS IN OTHER MUSEUMS AND/OR OTHER LOCAL ENTITIES WHICH EMPLOY INDIVIDUALS WHO WOULD COMPETE FOR THE POSITION (E.G., A DEVELOPMENT POSITION IN OTHER NOT-FOR-PROFIT ORGANIZATIONS WOULD COMPETE FOR A MUSEUM DEVELOPMENT POSITION). SALARY RANGE BENCHMARKS ARE ESTABLISHED BY USING SURVEYS CONDUCTED BY THE ASSOCIATION OF ART MUSEUM DIRECTORS (AAMD), AND SURVEYS OF LOCAL NOT-FOR-PROFIT ORGANIZATIONS. THE MUSEUM ENDEAVORS TO SET EACH EMPLOYEE'S SALARY WITHIN THE SALARY RANGE BASED ON THE EMPLOYEES DEMONSTRATED LEVEL OF COMPETENCIES FORM 990, PART VI, SECTION C, LINE 19 THE MUSEUM'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON ITS WEBSITE. THE MUSEUM'S FORM 990, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST STATEMENT ARE AVAILABLE ON REQUEST. FORM 990, PART IX, LINE 24E OTHER: PROGRAM SERVICE EXPENSES 31,197. MANAGEMENT AND GENERAL EXPENSES 32,497. FUNDRAISING EXPENSES 76,586. TOTAL EXPENSES 140,280. CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 33,387. MANAGEMENT AND GENERAL EXPENSES 97,990. FUNDRAISING EXPENSES 3,690. TOTAL EXPENSES 135,067. MAINTENANCE: PROGRAM SERVICE EXPENSES 66,812. MANAGEMENT AND GENERAL EXPENSES 42,922. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 109,734. CONSERVATION AND COLLECTION CARE: PROGRAM SERVICE EXPENSES 97,468. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 97,468. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 14,559. MANAGEMENT AND GENERAL EXPENSES 82,301. FUNDRAISING EXPENSES 18. TOTAL EXPENSES 96,878. PRINTING: PROGRAM SERVICE EXPENSES 24,251. MANAGEMENT AND GENERAL EXPENSES 32,969. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 57,220. POSTAGE AND SHIPPING: PROGRAM SERVICE EXPENSES 30,778. MANAGEMENT AND GENERAL EXPENSES 11,600. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 42,378. PART XII, LINE 2C EXPLANATION THE PROCESS FOR OVERSIGHT OF THE AUDITED FINANCIAL STATEMENTS AND SELECTING THE OUTSIDE INDEPENDENT AUDITORS HAS NOT CHANGED FROM THE PRIOR YEAR