Wadsworth Atheneum Museum Of Art is located in Hartford, CT. The organization was established in 1942. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Wadsworth Atheneum Museum Of Art employed 137 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wadsworth Atheneum Museum Of Art is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Wadsworth Atheneum Museum Of Art generated $10.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $18.8m during the year ending 06/2023. While expenses have increased by 5.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FINE ART MUSEUM
Describe the Organization's Program Activity:
CURATING AND CURATORIAL RESEARCH FY2023THE MUSEUM'S CURATORS RESEARCH, CARE FOR, AND EXHIBIT COLLECTIONS INCLUDING PAINTINGS, SCULPTURES, DECORATIVE ARTS (FURNITURE, GLASS, CERAMICS, AND METALWORK), WORKS ON PAPER, COSTUME AND TEXTILES, AND MOVING IMAGE ART, RANGING IN DATE FROM ANTIQUITY TO CONTEMPORARY AND INCLUDING WORKS FROM MOST CONTINENTS. THE WADSWORTH ALSO LENDS COLLECTION OBJECTS TO EXHIBITIONS AROUND THE WORLD. IN FY23 WE RELEASED 67 OBJECTS, BOTH ART AND ARCHIVAL MATERIALS, FROM OUR COLLECTION TO 24 BORROWING INSTITUTIONS.WE LEND TO A HOST OF INSTITUTIONS WITHIN THE UNITED STATES AND A FEW IN EUROPE, A FEW ARE NOTED BELOW:DETROIT INSTITUTE OF ARTSCRYSTAL BRIDGES MUSEUM OF AMERICAN ARTSAMERICAN FOLK ART MUSEUMYALE CENTER FOR BRITISH ARTART INSTITUTE OF CHICAGOLOS ANGELES COUNTY MUSEUM OF ARTGALLERIE D'ITALIA - PALAZZA SCALATHE NATIONAL GALLERY, LONDONTHROUGH PURCHASES, GIFTS, AND BEQUESTS THE WADSWORTH ACQUIRED WORKS OF ART INCLUDING BUT NOT LIMITED TO WORKS IN THE CONTEMPORARY, EUROPEAN, AND AMERICAN COLLECTION AREAS.FY23 INSTALLATION HIGHLIGHTS: I AM SEEN THEREFORE, I AM: ISAAC JULIEN AND FREDERICK DOUGLASSJUSTINE KURLAND: GIRL PICTURESLISA ALVARADO / MATRIX 192 / SPINNING ECHORELAX! LEISURE AND STYLEREMBRANDT'S THE RETURN OF TOBIAS AND THE ANGELALEXANDER CALDER: COLLABORATIVE CREATIONSHARTFORD YOUTH RENAISSANCE (HYAR)MATT PAWESKI / MATRIX 191THE SPELL OF THE STUDIO: BALTHUS'S PORTRAIT OF MRS. COOLEY, 1937FIRED UP: GLASS TODAYSTEPHANIE SYJUCO /MATRIX 190 / IMAGE TRAFFICKING
EDUCATION/VISITOR EXPERIENCE AND SERVICES THE LEARNING AND ENGAGEMENT DEPARTMENT AT THE WADSWORTH ATHENEUM MUSEUM OF ART PROVIDES LEARNING AND ENGAGEMENT OPPORTUNITIES FOR ALL AUDIENCES. PROGRAMS FOR FAMILIES, PREK-12 AND COLLEGE STUDENTS, EDUCATORS, AND FOR THE BROADER PUBLIC ACTIVATE OUR COLLECTIONS AND SPECIAL EXHIBITIONS AND ENCOURAGE VISITOR CONNECTIONS WITH ART'S HISTORY AND CONTEMPORARY SOCIAL RELEVANCE. THE DEPARTMENT WORKS CLOSELY WITH CURATORIAL, MARKETING, AND DEVELOPMENT ON INTERPRETIVE PROJECTS, EVALUATION EFFORTS FOR PROGRAMS AND EXHIBITIONS, AND FUNDRAISING. ADULT-CENTERED PROGRAMS TAKE MANY SHAPES, INCLUDING GALLERY TALKS, FY23 PUBLIC PROGRAMMING HIGHLIGHTS:THE ANNUAL PENNINGTON LECTURE CONCEIVED AS PART OF THE BLACK HERITAGE PROJECT INITIATIVE LED BY CAPITAL COMMUNITY COLLEGE FEATURED NOTED AUTHOR AND DEAN OF COLUMBIA UNIVERSITY JOURNALISM SCHOOL, WILLIAM JELANI COBB. THIS EVENT WAS PART OF A SERIES OF RELATED ACTIVITIES SUPPORTED BY THE WADSWORTH AND THE AMISTAD CENTER FOR ART & CULTURE DESIGNED TO BRING THE HISTORY OF HARTFORD'S FIRST BLACK CHURCH AND SCHOOL FOR BLACK CHILDREN INTO PUBLIC VIEW. SECOND SATURDAYS FOR FAMILIES PROGRAMS SERVED MORE THAN 4,200 VISITORS IN FY23, OUR HIGHEST ATTENDANCE SINCE THE PANDEMIC. THE MONTHLY FREE PROGRAM ENCOURAGES DISCOVERY THROUGH A LAYERED PROGRAM OF ART-MAKING, TOURS FOR INTERGENERATIONAL AUDIENCES, MUSIC, AND LIVE PERFORMANCE. AN ESPECIALLY SUCCESSFUL MARTIN LUTHER KING, JR. COMMUNITY DAY CELEBRATED THE LEGACY OF DR. KING THROUGH ART MAKING, PERFORMANCES, AND TOURS FOR ALL AGES.
OTHER PROGRAM EXPENSES: OTHER PROGRAM EXPENSES INCLUDE MARKETING, PUBLIC RELATIONS, MEMBERSHIP, MUSEUM SHOP, THEATER AND OTHER MISCELLANEOUS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Alison D Davis Trustee | Trustee | 1 | $0 |
Ann Mulcahy Ex-Officio | Trustee | 1 | $0 |
Caroline Cunningham Young Ex-Officio | Trustee | 1 | $0 |
Cheryl A Chase Vice Chair | OfficerTrustee | 1 | $0 |
Cynthia J Bulaong Ex-Officio | Trustee | 1 | $0 |
David G Jepson Trustee | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Securitas Security Services Usa Inc Security | 6/29/23 | $683,785 |
Accounting Resources Inc Outsourcing Accounting And Human Resourc | 6/29/23 | $281,544 |
Ct Micronet Llc It Consultants | 6/29/23 | $270,669 |
Crest Mechanical Services Hvac/electrical Services | 6/29/23 | $233,928 |
Wood & Wood Inc Silver Vault Work | 6/29/23 | $217,746 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $272,560 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $257,366 |
All other contributions, gifts, grants, and similar amounts not included above | $5,790,702 |
Noncash contributions included in lines 1a–1f | $34,688 |
Total Revenue from Contributions, Gifts, Grants & Similar | $6,320,628 |
Total Program Service Revenue | $641,802 |
Investment income | $2,921,597 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $887,452 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $173,010 |
Miscellaneous Revenue | $0 |
Total Revenue | $10,944,489 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $899,969 |
Compensation of current officers, directors, key employees. | $97,022 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $3,841,892 |
Pension plan accruals and contributions | $130,936 |
Other employee benefits | $455,449 |
Payroll taxes | $381,443 |
Fees for services: Management | $0 |
Fees for services: Legal | $122,561 |
Fees for services: Accounting | $106,370 |
Fees for services: Lobbying | $38,500 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $455,940 |
Fees for services: Other | $1,615,971 |
Advertising and promotion | $264,701 |
Office expenses | $755,708 |
Information technology | $273,728 |
Royalties | $0 |
Occupancy | $2,077,199 |
Travel | $145,025 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $319,762 |
Interest | $7,294 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,936,331 |
Insurance | $399,384 |
All other expenses | $4,584,249 |
Total functional expenses | $18,812,412 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $977,725 |
Savings and temporary cash investments | $5,781,301 |
Pledges and grants receivable | $2,547,664 |
Accounts receivable, net | $17,013 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $132,109 |
Prepaid expenses and deferred charges | $11,063 |
Net Land, buildings, and equipment | $19,741,757 |
Investments—publicly traded securities | $66,302,102 |
Investments—other securities | $36,315,841 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $4,713,029 |
Total assets | $136,539,604 |
Accounts payable and accrued expenses | $477,296 |
Grants payable | $0 |
Deferred revenue | $6,335 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $500,000 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $33,233 |
Total liabilities | $1,016,864 |
Net assets without donor restrictions | $23,012,567 |
Net assets with donor restrictions | $112,510,173 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $136,539,604 |