Wadsworth Atheneum Museum Of Art in Hartford, Connecticut (CT)

Organization representatives - add corrected or new information about Wadsworth Atheneum Museum Of Art »

Non-representatives - add comments about Wadsworth Atheneum Museum Of Art»

Wadsworth Atheneum Museum Of Art
Employer Identification Number (EIN)060653111
Name of OrganizationWadsworth Atheneum Museum Of Art
Address600 Main St, Hartford, CT 06103-2911
ActivitiesOther cultural or historical activities
SubsectionEducational Organization
Ruling Date03/1942
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$134,546,245
Amount of Income$66,761,998
Form 990 Revenue Amount$19,020,471
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Art Museums


Non-representatives - add comments:


CAPTCHA

Your IP address 3.148.145.51 will be logged.

Amount of income in 2014: $66,761,998
This organization: 

 $66,761,998
Other organizations performing similar types of work: 

 $1,258,505

Assets in 2014: $134,546,245
This organization: 

 $134,546,245
Other organizations performing similar types of work: 

 $4,746,079

Expenses in 2014: $13,120,583
This organization: 

 $13,120,583
Other organizations performing similar types of work: 

 $906,066

Income to expenses ratio in 2014: 5.1
Wadsworth Atheneum Museum Of Art: 

 5.1
Other organizations performing similar types of work: 

 1.3

Expenses allocated to program services in 2007: 82.9%
Wadsworth Atheneum Museum Of Art: 

 82.9%
Other organizations performing similar types of work: 

 75.4%

Number of employees in 2014: 93
This organization: 

 93
Other organizations performing similar types of work: 

 29

Employees paid over $100,000 in 2014: 7.5%
Wadsworth Atheneum Museum Of Art: 

 7.5%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2014: 69.9%
This organization: 

 69.9%
Other organizations performing similar types of work: 

 64.8%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Functional expenses for 2014

Support schedule

Checklist
201220132014
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?YesYes
Did the organization maintain collections of works of art, historical treasures, or other similar assets?YesYes
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?YesYes
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?YesYes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?NoNo
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYes
Did the organization obtain separate, independent audited financial statements for the tax year?YesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYes
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?YesYes
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNo
Did the organization receive more than $25,000 in non-cash contributions?YesNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?YesYes
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNo
Was the organization related to any tax-exempt or taxable entity?NoNo
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201220132014
The number reported in Box 3 of Form 10968892
The number of Forms W-2G00
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return11193
Did the organization file all required federal employment tax returns?YesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?YesYesYes
Has it filed a Form 990-T for this year?YesYes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?YesYes
Did the organization notify the donor of the value of the goods or services provided?YesYes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
201220132014
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$423,038$374,638
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$31,083$43,919
Total number of individuals who received more than $100,000 of reportable compensation from the organization11
Total number of independent contractors who received more than $100,000 of compensation from the organization06
Statement of Revenue
201220132014
Total revenue$11,253,207$17,119,016$19,020,471
Contributions, Gifts, Grants and Other Similar Amounts$5,686,185$10,785,695$13,297,896
Program Service Revenue$1,745,197$1,513,636$1,539,642
Gift, Novelty, and Souvenir Stores $590,937$856,145
900099$553,405$431,302
900099$369,294$252,195
All other program service revenue$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$1,182,525$1,076,272$1,810,360
Income from investment of tax-exempt bond proceeds$0$0$12,906
Royalties$0$0$0
Net rental income$0$0$34,909
Gross rents (Real / Personal)$0 / $0$0 / $0$34,909 / $0
Less: rental expenses (Real / Personal)$0 / $0$0 / $0$0 / $0
Rental income or (loss) (Real / Personal)$0 / $0$0 / $0$34,909 / $0
Net gain/loss from sales of assets other than inventory$2,766,970$3,598,670$2,221,503
Gross amount from sales of assets other than inventory (Securities / Other)$90,345,952 / $366,607$19,195,984 / $0$49,780,893 / $0
Less: cost or other basis and sales expenses (Securities / Other)$87,945,589 / $0$15,597,314 / $0$47,559,390 / $0
Gain or (loss) (Securities / Other)$2,400,363 / $366,607$3,598,670 / $0$2,221,503 / $0
Net income/loss from fundraising events$-125,709$150,439$104,894
Gross income from fundraising events$40,818$325,819$277,086
Less: direct expenses$166,527$175,380$172,192
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$-1,961$-5,696$-1,639
Gross sales of inventory, less returns and allowances$10,939$9,907$8,306
Less: cost of goods sold$12,900$15,603$9,945
Miscellaneous Revenue$0$0$0
Statement of Functional Expenses
201220132014
Total functional expenses$12,460,023$12,276,442$13,120,583
Grants and other assistance to domestic organizations and domestic governments$0$0
Grants and other assistance to domestic individuals$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$480,178$454,121$372,082
Compensation not included above, to disqualified persons$0$0
Other salaries and wages$3,122,670$2,597,470$2,761,554
Pension plan accruals and contributions$0$0
Other employee benefits$487,849$504,644
Payroll taxes$376,815$289,319$318,383
Fees for services (non-employees)
Management$0$0
Legal$38,269$16,901
Accounting$55,524$59,425
Lobbying$0$0
Professional fundraising services$0$0$0
Investment management fees$0$430,004
Other$1,167,436$1,076,241
Advertising and promotion$32,179$55,667
Office expenses$0$0
Information technology$78,605$18,800
Royalties$0$0
Occupancy$1,406,566$1,179,848
Travel$903,360$893,891
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$0$0
Interest$0$0
Payments to affiliates$0$0
Depreciation, depletion, and amortization$1,111,958$1,244,565
Insurance$0$0
Other expenses$2,461,650$3,422,387
Other expenses$443,854$249,608
Other expenses$346,011$219,350
Other expenses$274,010$211,813
Other expenses$128,261$85,420
Balance Sheet
201220132014
Total assets$109,231,532$120,067,724$134,546,245
Cash - non-interest-bearing$459,057$672,311
Savings and temporary cash investments$2,795,891$4,414,100
Pledges and grants receivable, net$6,533,497$1,799,592
Accounts receivable, net$36,096$96,968
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0
Notes and loans receivable, net$0$0
Inventories for sale or use$487,888$460,861
Prepaid expenses and deferred charges$0$0
Land, buildings, and equipment: cost or other basis$21,908,731$25,425,479
Investments - publicly traded securities$44,809,576$48,895,783
Investments - other securities$43,026,598$52,766,824
Investments - program-related$0$0
Intangible assets$0$0
Other assets$10,390$14,327
Total liabilities$1,995,579$4,569,660$4,872,311
Accounts payable and accrued expenses$2,085,117$1,031,424
Grants payable$0$0
Deferred revenue$505,461$315,976
Tax-exempt bond liabilities$0$0$3,524,911
Escrow or custodial account liability$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0
Secured mortgages and notes payable to unrelated third parties$0$1,979,082$0
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$0$0
Total net assets or fund balances$107,235,953$115,498,064$129,673,934
Unrestricted net assets$35,660,749$38,683,660
Temporarily restricted net assets$48,348,692$59,449,267
Permanently restricted net assets$31,488,623$31,541,007
Capital stock or trust principal, or current funds$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014)
2010 - 2014 Total
Public Support$30,961,215
Subtotal Support$40,421,565
Gifts, grants, contributions, and membership fees received$40,421,565
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$9,460,350
Total Support$48,877,918
Public Support$40,421,565
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$8,125,277
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$331,076
Gross receipts from related activities, etc.$9,191,229
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$12,489,068$15,855,221$13,492,361$14,265,301$13,031,583$12,897,084$13,872,625$17,256,398
Contributions, gifts, grants, and similar amounts received$7,521,670$12,125,303$10,605,343$5,884,204$5,931,659$5,286,400$6,340,215$6,283,796
Contributions to donor advised funds$0$0
Direct public support$7,399,273$11,988,487$9,884,216$5,347,648$5,670,054$5,003,164$6,310,085$6,026,137
Indirect public support$12,500$0$0$0$0$0$0$0
Government contributions (grants)$109,897$136,816$721,127$536,556$261,605$283,236$30,130$257,659
Program service revenue including government fees and contracts$1,790,323$1,165,264$751,839$5,215,885$1,727,813$1,932,046$2,000,694$2,354,817
Membership dues and assessments$647,245$683,411$640,173$437,815$537,605$428,471$411,482$426,397
Interest on savings and temporary cash investments$0$0$0$0$0$0$0$0
Dividends and interest from securities$3,227,142$2,324,102$1,730,255$1,444,678$1,835,538$2,181,495$2,289,167$2,719,432
Net rental income or (loss)$0$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$-696,026$-429,473$-232,614$1,286,574$3,006,341$3,074,470$2,837,180$5,334,612
Gross amount from sales of assets other than inventory$44,139,180$21,830,934$16,995,302$24,884,049$20,211,530$13,165,259$22,370,498$13,685,251
Less: cost or other basis and sales expenses$44,835,206$22,260,407$17,227,916$23,597,475$17,205,189$10,090,789$19,533,318$8,350,639
Net income or (loss) from special events and activities$-1,192$-13,358$-2,606$-4,252$-6,781$-4,717$-7,096$137,243
Gross revenue$22,250$37,745$22,090$27,250$34,800$60,985$40,250$298,248
Less: direct expenses other than fundraising expenses$23,442$51,103$24,696$31,502$41,581$65,702$47,346$161,005
Gross profit or (loss) from sales of inventory$-94$-28$-29$397$-592$-1,081$983$101
Gross sales of inventory, less returns and allowances$23,684$26,612$21,884$16,607$11,028$18,215$22,117$22,930
Less: cost of goods sold$23,778$26,640$21,913$16,210$11,620$19,296$21,134$22,829
Other revenue$0$0$0$0$0$0$0$0
Total expenses$10,697,723$11,075,877$12,576,082$10,690,558$15,282,445$12,719,937$12,584,355$14,117,795
Program services$7,917,630$7,607,467$6,594,565$7,614,244$10,172,098$9,505,742$9,368,257$11,699,825
Management and general$2,251,876$3,019,671$5,653,886$2,383,640$4,624,469$2,686,213$2,671,445$1,972,667
Fundraising$528,217$448,739$327,631$692,674$485,878$527,982$544,653$445,303
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$86,327,284$84,314,485$85,863,955$95,670,475$95,686,187$96,569,228$106,094,712$98,724,199
Excess or (deficit) for the year$1,791,345$4,779,344$916,279$3,574,743$-2,250,862$177,147$1,288,270$3,138,603
Net assets or fund balances at beginning of year$93,021,161$86,327,284$84,314,485$85,863,955$95,670,475$95,686,187$96,569,228$106,094,712
Other changes in net assets or fund balances$-8,485,222$-6,792,143$633,191$6,231,777$2,266,574$705,894$8,237,214$-10,509,116
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$14,117,795$11,699,825$1,972,667$445,303
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$152,191$0$152,191$0
Compensation of former officers, directors, key employees, etc.$265,385$0$265,385$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$3,305,139$2,902,485$78,815$323,839
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$487,592$397,140$79,518$10,934
Payroll taxes$389,186$288,735$66,951$33,500
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$0$0$0$0
Telephone$0$0$0$0
Postage and shipping$725,235$712,504$5,489$7,242
Occupancy$1,191,770$1,078,204$113,566$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$400,401$372,571$12,198$15,632
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$542,472$0$542,472$0
Other expenses not covered above$6,658,424$5,948,186$656,082$54,156
Balance Sheets
20002001200220032004200520062007
Total assets$87,675,185$86,603,372$87,934,659$97,853,324$99,060,621$98,910,008$108,003,761$100,588,975
Cash - non-interest-bearing$0$0$0$0$0$0$0$0
Savings and temporary cash investments$1,347,891$1,430,486$1,208,386$878,043$1,735,543$1,526,070$1,598,925$2,061,449
Accounts receivable less allowance for doubtful accounts$153,112$31,591$44,902$41,888$44,027$22,884$15,922$8,335
Pledges receivable less allowance for doubtful accounts$657,314$4,917,497$5,077,393$4,085,776$1,819,834$1,202,839$1,812,393$1,230,675
Grants receivable$359,020$1,113,567$882,106$1,790,320$643,926$1,301,336$959,094$726,699
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$1,715,975$95,763$63,667$47,127$411,053
Inventories for sale or use$261,662$297,471$311,329$433,765$314,789$401,269$466,344$485,628
Prepaid expenses and deferred charges$0$0$0$0$0$0$0$0
Investments - publicly-traded securities$0$0
Investments - other securities$0$0$0$0$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$77,245,150$70,621,362$73,866,069$82,345,894$85,015,685$85,204,552$93,362,155$90,310,468
Land, buildings, and equipment less accumulated depreciation$7,651,036$8,191,398$6,544,474$6,561,663$9,391,054$9,187,391$9,741,801$5,354,668
Other assets, including program-related investments$0$0$0$0$0$0$0$0
Total liabilities$1,347,901$2,288,887$2,070,704$2,182,849$3,374,434$2,340,780$1,909,049$1,864,776
Accounts payable and accrued expenses$869,037$1,870,889$1,275,951$1,229,151$1,368,338$1,753,321$1,484,255$1,579,376
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$478,864$417,998$794,753$653,698$505,997$587,459$424,794$285,397
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$300,000$1,500,099$0$0$0
Other liabilities$0$0$0$0$0$0$0$3
Total liabilities and net assets/fund balances$87,675,185$86,603,372$87,934,659$97,853,324$99,060,621$98,910,008$108,003,761$100,588,975
Total net assets or fund balances$86,327,284$84,314,485$85,863,955$95,670,475$95,686,187$96,569,228$106,094,712$98,724,199
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$12,489,068$15,855,221$13,492,361$14,265,301$13,031,583$12,897,084$13,872,625$17,256,398
Total revenue, gains, and other support per audited financial statements$5,413,662$10,426,536$15,392,801$20,536,080$15,496,006$13,668,680$22,164,185$7,046,787
Other expenses$-6,976,340$-5,428,685$1,900,440$6,270,779$2,464,423$771,596$8,291,560$-10,209,611
Net unrealized gains on investments$-8,485,222$-6,792,143$633,191$6,231,777$2,266,575$705,894$8,237,214$-10,509,116
Donated services and use of facilities$16,400$100,968$64,300$7,500$156,267$0$7,000$138,500
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$1,492,482$1,262,490$1,202,949$31,502$41,581$65,702$47,346$161,005
Other revenue$99,066$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$99,066$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$10,697,723$11,075,877$12,576,082$10,690,558$15,282,445$12,719,937$12,584,355$14,117,795
Total expenses and losses per audited financial statements$12,107,539$12,439,335$13,843,331$10,729,560$15,480,293$12,785,639$12,638,701$14,417,300
Other revenue$1,508,882$1,363,458$1,267,249$39,002$197,848$65,702$54,346$299,505
Donated services and use of facilities$16,400$100,968$64,300$7,500$156,267$0$7,000$138,500
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$1,492,482$1,262,490$1,202,949$31,502$41,581$65,702$47,346$161,005
Other expenses$99,066$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$99,066$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
35$71,846$1,735$4,363
35$80,345$8,964$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings35
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Former Officers, Directors, Trustees, and Key Employees That Received Compensation or Other Benefits
Loans and AdvancesCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
$0$265,385$0$0
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 2006115
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$101$8,191,287$2,781,214
Program service revenue
Program service revenue 1000000$000$0$954,147
Program service revenue 2000000$000$0$823,589
Program service revenue 3000000$000$0$577,081
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$426,397
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$2,719,432$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$5,334,612$0
Net income or (loss) from special events000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$137,243$0
Gross profit or (loss) from sales of inventoryGift, novelty, and souvenir stores$10100$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$120,476$8,148$0
$111,635$0$0
$98,102$4,905$0
$85,154$9,204$0
$85,075$4,254$0
Total number of other employees paid over $50,00012
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
19992000200120022003200420052006
Total$11,575,173$13,979,915$11,404,843$13,765,228$13,097,043$13,477,020$9,892,180$10,829,441
Gifts, grants, and contributions received$5,314,491$8,230,451$7,110,573$10,676,908$5,967,607$9,343,995$5,269,120$6,079,903
Membership fees received$636,047$647,245$683,411$640,173$437,815$537,605$428,471$411,482
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$1,899,295$1,876,269$1,286,785$720,527$5,218,899$1,725,674$1,953,190$2,007,656
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$3,197,462$3,227,142$2,324,102$1,730,255$1,444,678$1,835,538$2,181,495$2,289,167
Net income from unrelated business activities not included above$0$0$0$-29$397$-592$-1,081$983
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$527,878$-1,192$-28$-2,606$27,647$34,800$60,985$40,250
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Unrelated Trade or Business Income (for 2009)
IncomeExpensesNet
Total$-4,381$0$-438
Gross receipts or sales less returns and allowances$17,234$0$0
Cost of goods sold$176,721$0$0
Gross profit$-4,381$0$-438
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$0$0$0
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2009)
Total deductions$0
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$0
Unrelated business taxable income$-438
Unrelated business taxable income before net operating loss deduction$-438
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$-438
Specific deduction$1,000
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Wadsworth Atheneum Museum Of Art to others? (optional)
  
Add photo of Wadsworth Atheneum Museum Of Art (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Wadsworth Atheneum Museum Of Art600 Main St, Hartford, CT 06103-2911CT1942-03$66,761,998
2The Aldrich Contemporary Art Museum Inc258 Main St, Ridgefield, CT 06877-4935CT1964-04$18,497,618
3Mystic Art Association9 Water St, Mystic, CT 06355-2592CT1979-08$1,320,326
4The Columbus Museum Inc1251 Wynnton Rd, Columbus, GA 31906-2810GA1954-11$14,747,840
5New Britain Museum Of American Art Inc56 Lexington St, New Britain, CT 06052-1417CT1996-01$12,229,699
6Salvador Dali Museum Inc1 Dali Blvd, St Petersburg, FL 33701-3920FL1981-05$11,121,580
7Tampa Museum Of Art Inc120 W Gasparilla Plz, Tampa, FL 33602-1500FL1979-11$3,977,936
8Tucson Museum Of Art140 N Main Ave, Tucson, AZ 85701-8218AZ1956-02$3,890,252
9The Mobile Museum Of Art Inc4850 Museum Dr, Mobile, AL 36608-1917AL1996-02$3,749,971
10The American Visionary Art Museum Inc800 Key Hwy, Baltimore, MD 21230-3940MD1994-05$3,006,291
11Washington County Museum Of Fine ArtsPO BOX 423, Hagerstown, MD 21741-0423MD1947-07$2,359,715
12Thomas Gilcrease Museum Association1400 Gilcrease Rd, Tulsa, OK 74127OK1963-12$2,320,560
13The Museum Of Art And History At The Mcpherson Center705 Front St, Santa Cruz, CA 95060-4508CA1983-01$2,185,542
14Santa Monica Museum Of Art2525 Michigan Ave Bergamot Stn G1, Santa Monica, CA 90404CA1985-12$2,005,551
15San Angelo Museum Of Fine Arts1 Love St, San Angelo, TX 76903-6911TX1981-10$1,940,240
16Racine Art Museum Association IncPO BOX 187, Racine, WI 53401-0187WI1949-02$1,897,420
17Triple Aught FoundationPO BOX 33, Hiko, NV 89017NV1998-11$1,692,629
18Ridgefield Guild Of ArtistsPO BOX 552, Ridgefield, CT 06877-0552CT1980-05$184,225
19New England Center For Contemporary Art IncRt 169 Box 302, Brooklyn, CT 06234CT1977-07$156,276
20International Museum Of Cartoon Art Inc61 Studio Rd, Stamford, CT 06903-4724CT1991-08$49,291
Number of organizations performing similar types of work
Alaska1
Alabama8
Arizona5
California42
Colorado5
Connecticut7
District of Columbia6
Delaware2
Florida21
Georgia8
Hawaii2
Iowa3
Idaho1
Illinois7
Indiana11
Kansas2
Kentucky3
Louisiana6
Massachusetts17
Maryland7
Maine6
Michigan7
Minnesota8
Missouri4
Mississippi4
Montana7
North Carolina16
North Dakota2
Nebraska2
New Hampshire1
New Jersey3
New Mexico2
Nevada3
New York32
Ohio17
Oklahoma5
Oregon4
Pennsylvania12
Rhode Island5
South Carolina4
Tennessee6
Texas23
Utah1
Virginia9
Vermont3
Washington8
Wisconsin6
West Virginia1
Wyoming1
International2
Total368

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Wadsworth Atheneum Museum Of Art and has no official or unofficial affiliation with Wadsworth Atheneum Museum Of Art