Form 990 for tax year 2024

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $374,502 · end of year $0

• 2 · Savings and temporary cash investments

  beginning of year $1,151,589 · end of year $0

• 3 · Pledges and grants receivable

  beginning of year $183,400 · end of year $0

• 4 · Accounts receivable

  beginning of year $2,772 · end of year $0

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 7 · Other notes and loans receivable

  end of year $0

• 8 · Inventories for sale or use

  beginning of year $59,930 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $217,047 · end of year $0

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

  $0

• 10c · Land, buildings and equipment, net

  beginning of year $14,377,448 · end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $25,596,408 · end of year $0

• 12 · Investments: other securities

  beginning of year $55,559,817 · end of year $0

• 13 · Investments: program-related

  end of year $0

• 14 · Intangible assets

  end of year $0

• 15 · Other assets

  end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $86,417 · end of year $0

• 19 · Deferred revenue

  beginning of year $467,357 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $17,086,449 · end of year $0

• 28 · Net assets with donor restrictions

  beginning of year $79,882,690 · end of year $0

The filer's explanations (Part III)

Part I, Line 4a

During the 2024 calendar year and during the period covered by this Form 990 tax return, Karen Graham served as the Museum's Interim Director and COO. Ms. Graham ended her term of service with the Museum in September 2024. During the 2024 calendar year and as reported within her 2024 Form W-2 wages, Ms. Graham received severance payments of $37,692. Such amounts were paid in accordance with her separation agreement with the Museum, and were subject to the Museum's compensation review and approval procedures. These severance payments have been included within Other Compensation as reported on this Form 990, Schedule J, Part II, Column B(iii).

Part I, Line 7

From time-to-time and as deemed appropriate by the Organization's management and its Board of Trustees, the Museum may provide bonuses and other non-fixed payments based on measurable and objective performance metrics.

Form 990, Schedule J, Explanation of Final Year Compensation Reporting:

During the period covered by this Form 990, the Organization ceased to conduct any direct operations or activities and transferred all remaining net assets to Currier Museum of Art, a successor, non-profit charitable corporation. This new non-profit corporation has continued all of the Organization's charitable missions and programs without interruption and has maintained all of the Organization's assets in alignment with their previous tax-exempt purposes. The creation and transition of all assets and operations into the new entity occurred in July 2024, with this legacy Organization concluding all administrative and filing wind-down procedures effective June 2025. In accordance with IRS Instructions for the Form 990, while this tax return covers the period from July 2024 through June 2025, compensation and benefits have been specifically reported based on Form W-2 and payroll filings for the 2024 Calendar Year. As a result, half of the year's reported compensation was paid by the Currier Gallery of Art predecessor-organization, with the other half, starting July 2024, paid by the successor-organization. All compensated individuals continued to serve in materially similar roles within both entities through this transitionary period, with similar responsibilities and compensation review, agreement, and approval processes. Accordingly, while this Form 990, Part VII, and Schedule J each report compensation paid by the Filing Organization and a Related Organization, the total compensation and benefits paid per individual were effectively in return for services rendered on behalf of the Currier Gallery of Art as an institution overall, through this transition period of moving the assets from a Charitable Trust to a Charitable Corporation.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• Currier Winter Garden Cafe LLC

  Dining services · NH · income $0 · assets $0

  Directly controlled by Currier Museum of Art