Form 990 for tax year 2024
Filed by WADSWORTH ATHENEUM MUSEUM OF ART.
Totals
- Total revenue
- $10,554,764
- Total expenses
- $19,280,762
- Contributions and grants received
- $5,258,779
- Grants paid
- $0
- Program service revenue
- $815,739
- Investment income
- $4,573,989
- Other revenue
- -$93,743
- Total assets, end of year
- $134,751,591
- Total liabilities, end of year
- $1,875,614
- Net assets or fund balances, end of year
- $132,875,977
- Program services expenses (Part IX)
- $16,218,238
- Management and general expenses
- $1,621,092
- Fundraising expenses
- $1,441,432
- Program service expenses (Part III)
- $16,218,238
Program services were 84.1% 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
$327,517
-
1c · Fundraising events
$727,867
-
1e · Government grants (contributions)
$1,040,931
-
1f · All other contributions, gifts and grants
$3,162,464
-
1g · Noncash contributions included above
$151,830
-
2a · Program service revenue: ADMISSION REVENUE
total $454,667 · related or exempt $454,667
-
2b · Program service revenue: AUXILIARY AND OTHER ACTIVITIES
total $242,861 · related or exempt $242,861
-
2c · Program service revenue: EXHIBITION AND OTHER FEES
total $118,211 · related or exempt $118,211
-
3 · Investment income
total $2,933,680 · excluded $2,933,680
-
7a · Gross sales of assets other than inventory
securities $95,482,591 · other assets $6,530
-
7b · Less cost or other basis and sales expenses
securities $93,848,812 · other assets $0
-
7c · Gain or loss
securities $1,633,779 · other assets $6,530
-
7d · Net gain or loss
total $1,640,309 · excluded $1,640,309
-
8a · Fundraising events: gross income
$113,736
-
8a · Fundraising events: contributions included on line 1c
$727,867
-
8b · Fundraising events: direct expenses
$403,240
-
8c · Net income from fundraising events
total -$289,504 · excluded -$289,504
-
10a · Gross sales of inventory
$299,824
-
10b · Cost of goods sold
$104,063
-
10c · Net income from sales of inventory
total $195,761 · related or exempt $187,040 · unrelated business $8,721
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $856,896 · program services $618,036 · management and general $139,486 · fundraising $99,374
-
7 · Other salaries and wages
total $4,377,302 · program services $3,190,846 · management and general $713,469 · fundraising $472,987
-
8 · Pension plan contributions
total $129,625 · program services $87,070 · management and general $20,925 · fundraising $21,630
-
9 · Other employee benefits
total $439,073 · program services $294,928 · management and general $70,878 · fundraising $73,267
-
10 · Payroll taxes
total $408,806 · program services $304,878 · management and general $58,507 · fundraising $45,421
-
11b · Fees: legal
total $20,427 · management and general $20,427
-
11c · Fees: accounting
total $112,433 · management and general $112,433
-
11d · Fees: lobbying
total $42,500 · program services $42,500
-
11f · Fees: investment management
total $404,309 · program services $404,309
-
11g · Fees: other
total $1,470,307 · program services $1,269,490 · fundraising $200,817
-
12 · Advertising and promotion
total $566,080 · program services $565,382 · fundraising $698
-
13 · Office expenses
total $232,699 · program services $198,013 · management and general $12,122 · fundraising $22,564
-
16 · Occupancy
total $2,212,569 · program services $2,119,333 · management and general $82,556 · fundraising $10,680
-
17 · Travel
total $655,589 · program services $420,053 · management and general $57,827 · fundraising $177,709
-
22 · Depreciation, depletion and amortization
total $1,884,791 · program services $1,800,068 · management and general $75,357 · fundraising $9,366
-
23 · Insurance
total $588,493 · program services $263,411 · management and general $243,094 · fundraising $81,988
-
24a · Other expenses: PURCHASE OF ART
total $4,337,944 · program services $4,337,944
-
24b · Other expenses: MATERIALS, SUPPLIES, SH
total $540,919 · program services $301,977 · management and general $14,011 · fundraising $224,931
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $8,915,858 · end of year $4,209,783
-
2 · Savings and temporary cash investments
end of year $1,294,648
-
3 · Pledges and grants receivable
beginning of year $1,860,922 · end of year $1,146,239
-
4 · Accounts receivable
beginning of year $20,679 · end of year $15,610
-
8 · Inventories for sale or use
beginning of year $254,145 · end of year $579,571
-
10a · Land, buildings and equipment: cost or other basis
$51,613,075
-
10b · Land, buildings and equipment: accumulated depreciation
$34,277,534
-
10c · Land, buildings and equipment, net
beginning of year $18,378,780 · end of year $17,335,541
-
11 · Investments: publicly traded securities
beginning of year $63,523,644 · end of year $94,319,362
-
12 · Investments: other securities
beginning of year $37,820,558 · end of year $15,850,837
-
15 · Other assets
beginning of year $4,266,129 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $3,114,236 · end of year $1,657,703
-
19 · Deferred revenue
beginning of year $67,449 · end of year $217,911
-
27 · Net assets without donor restrictions
beginning of year $22,075,580 · end of year $24,595,722
-
28 · Net assets with donor restrictions
beginning of year $109,783,450 · end of year $108,280,255
Mission and programs · 2024
Mission
HOLDING ITS COLLECTION IN TRUST FOR ALL PEOPLE, THE WADSWORTH ATHENEUM IS DEDICATED TO ADVANCING KNOWLEDGE AND INSPIRING EVERYONE TO EXPERIENCE AND APPRECIATE EXCELLENCE IN ART AND CULTURE.
-
CURATING AND CURATORIAL RESEARCH FY2025THE 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 FY25 WE RELEASED 28 OBJECTS AS PART OF OUR OUTGOING LOANS PROGRAM.WE LEND TO A HOST OF INSTITUTIONS WITHIN THE UNITED STATES AND A FEW IN EUROPE, A FEW ARE NOTED BELOW:PHILLIPS COLLECTION MUSEUM OF FINE ARTS BOSTON KATONAH MUSEUM OF ARTBUCERIUS KUNST FORUMCOLUMBIA MUSEUM OF ARTFLORENCE GRISWOLD MUSEUMFARNSWORTH ART MUSEUM PALAZZO BARBERINIMUSEE JACQUEMART-ANDRETHROUGH PURCHASES, GIFTS, AND BEQUESTS THE WADSWORTH ACQUIRED WORKS OF ART INCLUDING BUT NOT LIMITED TO WORKS IN THE CONTEMPORARY, EUROPEAN, AND AMERICAN COLLECTION AREAS.FY25 EXHIBITION HIGHLIGHTS: MADE IN HARTFORDMATRIX 198: STEFFANI JEMISONDIVINE GEOMETRYPAPER, COLOR, LINE: EUROPEAN MASTER DRAWINGSENTRE MUNDOSUNSETTLEDANCIENT BRONZESPRINTS CHARMING: RECENT GIFTS AND ACQUISITIONS
Expenses $11,678,365 · Revenue $1,002,779
-
EDUCATION/VISITOR EXPERIENCE AND SERVICESTHE LEARNING & ENGAGEMENT AND VISITOR EXPERIENCE & SERVICES TEAMS HELP CREATE OPPORTUNITIES FOR CONNECTION, CURIOSITY, AND CONVERSATION THAT INVITE ALL AUDIENCES TO PARTICIPATE IN THE LIFE OF THE MUSEUM. WE OFFER WELCOMING EXPERIENCES FOR PEOPLE OF ALL AGES AND BACKGROUNDSFROM EARLY LEARNERS TO LIFELONG EXPLORERS. GALLERY TALKS AND TOURS, MUSIC, FILMS, WORKSHOPS, LECTURES, AND SOCIAL PROGRAMS OFFER ENGAGING, LAYERED PERSPECTIVES ON SPECIAL EXHIBITIONS AND FAMILIAR FAVORITES. STUDENTS FROM PRE-K THROUGH GRADE 12 AND BEYOND DEEPEN THEIR VISUAL LITERACY SKILLS WHILE MAKING MEANINGFUL CONNECTIONS BETWEEN ART AND THEIR CLASSROOM LEARNING DURING GUIDED TOURS. THROUGH FAMILY AND COMMUNITY PROGRAMMING, WE SUPPORT ACCESS TO THE ARTS THAT SPARKS EXCITEMENT, ENCOURAGES CREATIVE EXPRESSION, AND FOSTERS A SENSE OF BELONGING AT THE WADSWORTH. WITH AN INTERDISCIPLINARY APPROACH AND A DEEP COMMITMENT TO INCLUSION, WE OFFER MANY PATHWAYS TO EXPERIENCE ART AND CULTURE. IN FY25, NEARLY 40% OF OUR VISITORS PARTICIPATED IN ONE OF OUR PROGRAMS.
Expenses $3,324,659
-
OTHER PROGRAM EXPENSES: OTHER PROGRAM EXPENSES INCLUDE MARKETING, PUBLIC RELATIONS, MEMBERSHIP, MUSEUM SHOP, THEATER AND OTHER MISCELLANEOUS.
Expenses $1,215,214
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
ALDEN GORDON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ANDRE E ROCHESTER SR
EX-OFFICIO TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
BROOK HAZELTON
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
BURKE DOAR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
CAMILLE SIMPSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
CAROL A URICK
EX-OFFICIO TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
CAROL L CHENEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
CAROLINE CUNNINGHAM YOUNG
EX-OFFICIO TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
CHERYL A CHASE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
CLAIRE BURNS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DAVID W DANGREMOND
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DR ELSA M NUNEZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DUFFIELD ASHMEAD IV
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
EILEEN S POLLACK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
EMILIE DE BRIGARD
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
ESTHER PRYOR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
G DUNCAN HARRIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
GERARD LUPACCHINO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
HELENE Y BROWN
EX-OFFICIO TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
HENRY M ZACHS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
HY J SCHWARTZ
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
JASON M GALVIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JEFFREY MOYER
EX-OFFICIO TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JEFFREY N BROWN
PRESIDENT, CEO & EX-OFFICIO TRUSTEE
- Total calculated
- $438,371
- From this org
- $363,806
- From related orgs
- $0
- Other
- $74,565
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $314,638
- Bonus
- $49,168
- Other
- $0
- Deferred
- $41,829
- Nontaxable benefits
- $32,736
- Filer's total
- $438,371
-
JOSEPH R GIANNI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
LAURA R HARRIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
LILY DE JONGH DOWNING
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
MALLY COX-CHAPMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MARK N MANDELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MATTHEW HARGRAVES
MUSEUM DIRECTOR; EX-OFFICIO TRUSTEE
- Total calculated
- $253,568
- From this org
- $186,243
- From related orgs
- $0
- Other
- $67,325
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $186,243
- Bonus
- $0
- Other
- $0
- Deferred
- $26,288
- Nontaxable benefits
- $41,037
- Filer's total
- $253,568
-
MICHELE WREN COOK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
NINA F SCHERAGO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
PEDRO BERMUDEZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
PHILIPPA FEIGEN MALKIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
SARAH A CLUNIS
EX-OFFICIO TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
SUSAN CHANDLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
TAMARA WILLIAMS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
TIMOTHY P MCLAUGHLIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JOHN MORTON
DIRECTOR OF FINANCE
- Total calculated
- $142,351
- From this org
- $132,991
- From related orgs
- $0
- Other
- $9,360
- Hours/week
- 35
-
APRIL SWIECONEK
DIRECTOR OF MARKETING & COMMUNICATION
- Total calculated
- $152,239
- From this org
- $124,390
- From related orgs
- $0
- Other
- $27,849
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $124,390
- Bonus
- $0
- Other
- $0
- Deferred
- $6,533
- Nontaxable benefits
- $21,316
- Filer's total
- $152,239
-
SHARMIN MAHMUD
OUTGOING DIRECTOR OF DEVELOPMENT
- Total calculated
- $202,265
- From this org
- $167,703
- From related orgs
- $0
- Other
- $34,562
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $167,703
- Bonus
- $0
- Other
- $0
- Deferred
- $8,745
- Nontaxable benefits
- $25,817
- Filer's total
- $202,265
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
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 7
- THE EXECUTIVE TEAM RECEIVED A BOARD APPROVED CALENDAR YEAR BONUS IN THEIR 2024 W2S.
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.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 9 March 2026
- IRS schema version
- 2024v5.5
- Source object
- 202620729349300402
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