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← BRANDYWINE CONSERVANCY & MUSEUM OF ART

Form 990 for tax year 2023

Filed by BRANDYWINE CONSERVANCY & MUSEUM OF ART.

Totals

Total revenue
$22,047,419
Total expenses
$14,838,159
Contributions and grants received
$17,680,729
Grants paid
$0
Program service revenue
$1,335,619
Investment income
$2,514,674
Other revenue
$516,397
Total assets, end of year
$188,349,394
Total liabilities, end of year
$6,522,592
Net assets or fund balances, end of year
$181,826,802
Program services expenses (Part IX)
$11,095,661
Management and general expenses
$2,372,487
Fundraising expenses
$1,370,011
Program service expenses (Part III)
$11,095,661

Program services were 74.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $453,454

  • 1c · Fundraising events

    $568,704

  • 1d · Related organizations

    $2,190,598

  • 1e · Government grants (contributions)

    $11,245,591

  • 1f · All other contributions, gifts and grants

    $3,222,382

  • 1g · Noncash contributions included above

    $298,986

  • 2a · Program service revenue: Admission to Museum

    total $999,069 · related or exempt $999,069

  • 2b · Program service revenue: Conservancy Program

    total $176,592 · related or exempt $176,592

  • 2c · Program service revenue: Penguin Court Mgmt Fees

    total $124,800 · related or exempt $124,800

  • 2d · Program service revenue: Other Program Revenue

    total $35,158 · related or exempt $35,158

  • 3 · Investment income

    total $3,008,220 · excluded $3,008,220

  • 6a · Gross rents

    real property $122,530

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $122,530

  • 6d · Net rental income or loss

    total $122,530 · related or exempt $122,530

  • 7a · Gross sales of assets other than inventory

    securities $27,586,826

  • 7b · Less cost or other basis and sales expenses

    securities $28,080,372

  • 7c · Gain or loss

    securities -$493,546

  • 7d · Net gain or loss

    total -$493,546 · excluded -$493,546

  • 8a · Fundraising events: gross income

    $508,655

  • 8a · Fundraising events: contributions included on line 1c

    $568,704

  • 8b · Fundraising events: direct expenses

    $754,282

  • 8c · Net income from fundraising events

    total -$245,627 · excluded -$245,627

  • 10a · Gross sales of inventory

    $1,206,473

  • 10b · Cost of goods sold

    $566,979

  • 10c · Net income from sales of inventory

    total $639,494 · related or exempt $639,494

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $594,414 · management and general $594,414

  • 7 · Other salaries and wages

    total $6,056,049 · program services $4,669,981 · management and general $497,241 · fundraising $888,827

  • 8 · Pension plan contributions

    total $267,451 · program services $204,215 · management and general $22,060 · fundraising $41,176

  • 9 · Other employee benefits

    total $553,581 · program services $429,318 · management and general $49,098 · fundraising $75,165

  • 10 · Payroll taxes

    total $467,393 · program services $338,823 · management and general $62,801 · fundraising $65,769

  • 11b · Fees: legal

    total $37,656 · program services $27,966 · management and general $9,690

  • 11c · Fees: accounting

    total $63,324 · management and general $63,324

  • 11f · Fees: investment management

    total $205,452 · management and general $205,452

  • 11g · Fees: other

    total $644,183 · program services $507,141 · management and general $131,373 · fundraising $5,669

  • 12 · Advertising and promotion

    total $289,046 · program services $76,660 · management and general $5,245 · fundraising $207,141

  • 13 · Office expenses

    total $111,115 · program services $73,182 · management and general $13,688 · fundraising $24,245

  • 14 · Information technology

    total $230,163 · program services $19,346 · management and general $187,259 · fundraising $23,558

  • 16 · Occupancy

    total $629,278 · program services $619,200 · management and general $4,588 · fundraising $5,490

  • 19 · Conferences, conventions and meetings

    total $84,251 · program services $73,124 · management and general $5,800 · fundraising $5,327

  • 20 · Interest

    total $67,508 · program services $35,715 · management and general $31,793

  • 22 · Depreciation, depletion and amortization

    total $1,491,876 · program services $1,190,219 · management and general $301,657

  • 23 · Insurance

    total $367,332 · program services $348,118 · management and general $5,879 · fundraising $13,335

  • 24a · Other expenses: Education & Public Prog

    total $1,002,307 · program services $1,002,262 · management and general $4 · fundraising $41

  • 24b · Other expenses: Repairs and Maintenance

    total $523,435 · program services $511,918 · management and general $549 · fundraising $10,968

  • 24c · Other expenses: Collection Acquisition

    total $427,450 · program services $427,450

  • 24d · Other expenses: Property Damage, Net

    total $309,483 · program services $309,483

  • 24e · All other expenses

    total $415,412 · program services $231,540 · management and general $180,572 · fundraising $3,300

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,148,197 · end of year $9,909,901

  • 2 · Savings and temporary cash investments

    beginning of year $510,346 · end of year $509,573

  • 3 · Pledges and grants receivable

    beginning of year $1,015,923 · end of year $3,166,758

  • 4 · Accounts receivable

    beginning of year $2,155,714 · end of year $1,120,245

  • 8 · Inventories for sale or use

    beginning of year $220,941 · end of year $196,292

  • 9 · Prepaid expenses and deferred charges

    beginning of year $418,015 · end of year $653,352

  • 10a · Land, buildings and equipment: cost or other basis

    $73,236,540

  • 10b · Land, buildings and equipment: accumulated depreciation

    $20,992,792

  • 10c · Land, buildings and equipment, net

    beginning of year $45,529,405 · end of year $52,243,748

  • 11 · Investments: publicly traded securities

    beginning of year $93,084,679 · end of year $103,862,138

  • 12 · Investments: other securities

    beginning of year $14,370,194 · end of year $11,174,763

  • 15 · Other assets

    beginning of year $5,067,348 · end of year $5,512,624

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,321,924 · end of year $2,440,480

  • 19 · Deferred revenue

    beginning of year $470,749 · end of year $567,802

  • 23 · Secured mortgages and notes payable

    beginning of year $2,805,622 · end of year $2,314,905

  • 25 · Other liabilities

    beginning of year $1,149,645 · end of year $1,199,405

  • 27 · Net assets without donor restrictions

    beginning of year $53,966,397 · end of year $67,298,092

  • 28 · Net assets with donor restrictions

    beginning of year $109,806,425 · end of year $114,528,710

Mission and programs · 2023

Mission

The Brandywine Conservancy & Museum of Art preserves and presents elements of art and nature that highlight the extraordinary beauty of the Brandywine region in Pennsylvania and Delaware. The Brandywine Conservancy protects and conserves the land, water, natural, and cultural resources of the Brandywine-Christina watershed. The Brandywine Museum of Art engages audiences through its presentation and interpretation of American art with a particular focus on the Wyeth family and other artists of the Brandywine region.

  • The Brandywine Museum of Art engages audiences through its presentation and interpretation of American art with a particular focus on the Wyeth family and other artists who lived and worked in the Brandywine Valley region. Since its founding in 1971, the Museum has assembled a collection of over 4,000 objects from the mid-nineteenth century to the present with major holdings of landscape and still-life painting, illustration, and paintings by three generations of the Wyeth family. The Museum has a distinguished program of temporary exhibitions and publications that have made significant contributions to scholarship in the field of American art. In addition to its collection, the Brandywine owns and makes open to the public seasonally three historic properties, all designated National Historic Landmarks, that include the studios of N. C. and Andrew Wyeth.

    Expenses $6,714,470 · Revenue $1,796,251

  • The Brandywine Conservancy (the Conservancy) works for preservation and wise management of natural, historic, and scenic resources of the Brandywine Valley and surrounding areas with particular and strong emphasis on the preservation of land, water supplies and agriculture. Through this program, the Conservancy acquires conservation easements on open spaces and often on historic lands and, as of this filing, has 514 easements which are regularly monitored to assure landowner's compliance with the restrictions in each easement. The program aids municipal governments in the region on environmental issues such as storm water management, ordinances of various types affecting land and water resources, and land use planning. The Conservancy owns more than 3,009 acres of land which it carefully manages to help preserve land and water resources and to serve as models of high standards in the stewardship of natural and agricultural lands.

    Expenses $4,381,191 · Revenue $301,392

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Virginia A Logan

    Executive Director & Assis

    Total calculated
    $393,555
    From this org
    $343,337
    From related orgs
    $0
    Other
    $50,218
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $343,337
    Bonus
    $0
    Other
    $0
    Deferred
    $40,354
    Nontaxable benefits
    $9,864
    Filer's total
    $393,555

  • Thomas Padon

    Museum Director

    Total calculated
    $269,582
    From this org
    $226,626
    From related orgs
    $0
    Other
    $42,956
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $226,626
    Bonus
    $0
    Other
    $0
    Deferred
    $33,152
    Nontaxable benefits
    $9,804
    Filer's total
    $269,582

  • Karl Malkin

    CFO

    Total calculated
    $229,868
    From this org
    $177,138
    From related orgs
    $0
    Other
    $52,730
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,138
    Bonus
    $0
    Other
    $0
    Deferred
    $32,992
    Nontaxable benefits
    $19,738
    Filer's total
    $229,868

  • Robert Rudd

    Chief Development Officer

    Total calculated
    $199,258
    From this org
    $180,247
    From related orgs
    $0
    Other
    $19,011
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,247
    Bonus
    $0
    Other
    $0
    Deferred
    $9,090
    Nontaxable benefits
    $9,921
    Filer's total
    $199,258

  • Suzanne Regnier

    Development Director

    Total calculated
    $147,802
    From this org
    $139,345
    From related orgs
    $0
    Other
    $8,457
    Hours/week
    40

  • Wade Abnett

    Facilities Director

    Total calculated
    $134,829
    From this org
    $127,128
    From related orgs
    $0
    Other
    $7,701
    Hours/week
    40

  • Willliam Coleman

    Wyeth Cur and Dir Wyeth St Ctr

    Total calculated
    $156,111
    From this org
    $110,048
    From related orgs
    $0
    Other
    $46,063
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $110,048
    Bonus
    $0
    Other
    $0
    Deferred
    $21,150
    Nontaxable benefits
    $24,913
    Filer's total
    $156,111

  • Cuyler H Walker

    Chairman

    Total calculated
    $0
    Hours/week
    10 + 2 related

  • Mrs Michael Matz

    Vice-Chair & Chair of Museum

    Total calculated
    $0
    Hours/week
    1

  • Gregory F Fields

    Vice-Chair, Treasurer, & C

    Total calculated
    $0
    Hours/week
    1

  • David Harrington

    Assistant Treasurer & Chai

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • W Donald Sparks II Esquire

    Secretary

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Jack M Hines Jr

    Chairman, Conservatory Com

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Pamela Biddle

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Cynthia Borger

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mati Bonetti de Buccini

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Romona Riscoe Benson

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Roberts W Brokaw III

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Clementina Brown

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Sophie M Derrickson

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Margaret H Duprey

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Charles Elson

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Terence Farrell

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • R Thorpe Moeckel

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Rodman W Moorehead III

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Anne Moran

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Claire Reid

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Scott F Richard

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • L Christopher Ross

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • David W Stratton

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Morris W Stroud II

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Joseph P Watkins

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • McCoy du Pont Weymouth

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Peter Zimmerman

    Trustee

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • Penguin Court Inc

    501(c)(3) · Land Preservation & Conservation · DE · controlled entity

    Directly controlled by Brandywine Conservancy

Provenance

Return type
form_990
Tax year
2023
Filed
2 April 2025
IRS schema version
2023v6.0
Source object
202540949349301144

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