2010 Annual Report - The Wadsworth Atheneum

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Condensed Statement of Activities R e v e n u e U n r e s t r i c t e d Te m p o r a r i l y P e r m a n e n t l y Operating Non-Operating Restricted Restricted June 30, 2010 June 30, 2009 Contributions, Grants, Trusts, and Estates $2,042,171 $ 28,408 $3,671,352 $163,147 $5,905,078 $19,006,031 Membership, dues and activities 413,888 — — — 413,888 445,861 Admissions 233,103 — — — 233,103 283,018 Exhibition fees and other 282,500 325,865 — — 608,365 60,384 Auxiliary activities 585,735 — — — 585,735 707,270 Proceeds from sale of art objects — — 1,872,498 — 1,872,498 17,180 Total investment return allocated for operations 1,465,500 — — — 1,465,500 1,658,589 Loss on funds held in trust by others — — — (6,337) (6,337) (34,781) Net assets released from restriction 1,355,720 7,018,446 (8,274,166) (100,000) — — To t a l R e v e n u e , G a i n s a n d Ot h e r S u p p o r t 6,378,617 7,372,719 (2,730,316) 56,810 11,077,830 22,143,552 E x p e n s e Collections, Exhibitions, and Programs 2,796,755 213,766 — — 3,010,521 2,359,003 Art Acquisition — 1,932,532 — — 1,932,532 2,874,495 Administrative and External Affairs 2,292,370 235,340 — — 2,527,710 2,523,640 Auxiliary activities 515,900 — — — 515,900 534,484 Building and Security 2,195,871 22,936 — — 2,218,807 2,645,531 Hartford Times project — — — — — 519,339 Depreciation — 534,225 — — 534,225 572,428 To t a l E x p e n s e 7,800,896 2,938,799 — — 10,739,695 12,028,920 Change in net assets before investment return (1,422,279) 4,433,920 (2,730,316) 56,810 338,135 10,114,632 Investment gain/loss from long-term investment 908,009 (77,785) 6,668,725 — 7,498,949 (15,228,631) C h a n g e i n N e t A s s e t s (514,270) 4,356,135 3,938,409 56,810 7,837,084 (5,113,999) Net assets (deficit) at beginning of year (1,625,012) 19,674,507 44,510,056 31,050,649 93,610,200 98,724,199 N e t A s s e t s (deficit) a t E n d o f Ye a r $(2,139,282) $24,030,642 $48,448,465 $31,107,458 $101,447,284 $93,610,200 The condensed statement of financial position and condensed statement of activities are derived from the Wadsworth Atheneum’s financial statements as of June 30, 2010, which have been audited by Kostin, Ruffkess and Company, LLC., independent auditors, whose report expressed an unqualified opinion on those financial statements. A complete copy is available upon request or can be found on the museum’s website: www.wadsworthatheneum.org. 37
D i r e c t o r ’ s O f f i c e Susan L. Talbott, Director and C.E.O. Sherri L. Malinoski, Executive Assistant C u r a t o r i a l D i v i s i o n Curatorial Elizabeth Mankin Kornhauser, Chief Curator and Krieble Curator of American Painting and Sculpture Linda H. Roth, Senior Curator and Charles C. and Eleanor Lamont Cunningham Curator of European Decorative Arts Eugene R. Gaddis, William G. DeLana Archivist and Curator of the Austin House Deborah Gaudet, Curator of Film and Theater Patricia M. Hickson, Emily Hall Tremaine Curator of Contemporary Art Erin C. Monroe, Curatorial Assistant and Administrator Adria L. Patterson, Exhibitions Coordinator John Teahan, Librarian and Curator of Special Book Collections Eric M. Zafran, Susan Morse Hilles Curator of European Art Conservation Stephen Kornhauser, Chief Conservator Ulrich Birkmaier, Senior Paintings Conservator Zenon Gansziniec, Associate Frame Conservator 38 Museum Design Cecil B. Adams, Head of Museum Design Jon Eastman, Preparator Mark Giuliano, Exhibition Designer Steve Winot, Chief Preparator Registrar Mary C. Schroeder, Registrar Mary C. Busick, Associate Registrar Edward G. Russo, Senior Associate Registrar Archives Eugene R. Gaddis, William G. DeLana Archivist and Curator of the Austin House Ann Brandwein, Assistant Archivist Library John Teahan, Librarian and Curator of Special Book Collections William F. Staples, Assistant Librarian A e t n a Th e a t e r / A u d i o V i s u a l S e r v i c e s Lucy Marsters, Theater Services Vincent J. Pacileo, Audio Visual Technician Susan Sullivan, Theater Services E d u c a t i o n D i v i s i o n Education M U S E U M S T A F F Johanna L. Plummer, Georgette Auerbach Koopman Director of Education Charlene Shang Miller, Associate Museum Educator for Docent Programs and University Audiences Emily F, Pacini, Assistant Museum Educator for Community Programs at the Wadsworth Atheneum Museum of Art Anne Butler Rice, Associate Museum Educator for Adult Audiences Visitor Services Susan L. Carey, Visitor Services Manager Lee H. Oliver, Group Tours Coordinator Kelly Agnew, Information Desk Attendant Jama Holchin, Information Desk Attendant Allison Kern, Information Desk Attendant Edward Porter, Information Desk Attendant Jocelyn Pugh, Information Desk Attendant Lorraine Schoenwolff, Information Desk Attendant Michelle St. Pierre, Information Desk Attendant I n s t i t u t i o n a l A d v a n c e m e n t D i v i s i o n Institutional Advancement Jeffrey A. Wolfman, Director of Institutional Advancement Brian P. Berube, Development Associate Kathryn H. Berube, Donor Relations Coordinator Elizabeth D. Duff, Membership Coordinator Dina M. Silva, Grants Manager Rebecca L. Trutter, Special Events Coordinator Kristyn E. Rau, Administrative Assistant Kathryn M. Viner, Event Captain
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2010 Annual Report - The Wadsworth Atheneum

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