2011 Annual Report - Nasher Museum of Art - Duke University

STATEMENT OF OPERATIONS, FY 2010-2011SUPPORT: Boards and CommitteesRevenueEarnedAdmission $94,293RentalFacility 90,976Exhibition 60,200Food service and catered events 13,847Royalties from Duke University Press 859Catalogue sales to Nasher Store 12,672sub-total $272,847ContributedAnnual university allocation $1,951,347Other university funding 15,000Endowment income 272,976Other university support 365,875Annual fund 542,134Membership 192,641Program support 131,800Proceeds from deaccession 35,043GrantsGovernment 13,000Foundation 113,650Corporate 10,500Transferred in from prior year 965,963sub-total $4,882,776Estate bequests 200,000Total Revenue $5,082,776ExpensesSalaries and benefits $2,279,590Exhibitions and publications 961,560Education programs 110,190Public relations and marketing 66,487Development, Membership, Events 390,314Operations and maintenance 439,515Conservation 21,637Security 190,679Acquisitions 314,350Nasher Store 50,715Transferred out for future programming 257,739Total Expenses $5,082,776BOARD OF ADVISORSBlake Byrne, T’57, ChairChairman of the BoardSkylark FoundationLos Angeles, CANorman Braman, GP’10Braman Management AssociationMiami Beach, FLIrma Braman, GP’10Miami Beach, FLCynthia BrodheadDurham, NCTrent A. Carmichael, T’88Forester Capital, LLCGreenwich, CTPaula CooperPaula Cooper GalleryNew York, NYPaula Hannaway Crown, T’80Principal, Henry Crown & Co.Chicago, ILJames CunoPresident and CEOThe J. Paul Getty TrustLos Angeles, CADavid HaemiseggerCo-PresidentNorthPark Management CompanyDallas, TXJ. Tomilson Hill III, P’04General PartnerBlackstone GroupNew York, NYJanine Hill, P’04Director, Fellowship Affairs and StudiesStrategic PlanningCouncil on Foreign RelationsNew York, NYBrenda La Grange Johnson, WC’61, P'96Vice PresidentBrenmer Industries, Inc.New York, NYDavid Lamond, T’97, L’06Lamond CapitalSan Francisco, CAGerrit Livingston Lansing, Jr., T’95Madison Trading, LLCNew York, NYMichael J. Levine, T’84Ronart Leasing Corp.Scarsdale, NYMichael Marsicano, T’78, G’82PresidentFoundation for the CarolinasCharlotte, NCNancy A. Nasher, L’79Co-PresidentNorthPark Development CompanyDallas, TXJack H. Neely, T’80PresidentBallard Management CorporationTulsa, OKKatharine Lee ReidChapel Hill, NCJock ReynoldsThe Henry J. Heinz II DirectorYale University Art GalleryNew Haven, CTAndrew C. RothschildManaging DirectorKemnay Advisory Services, Inc.New York, NYJason Lewis Rubell, T’91Rubell HotelsMiami Beach, FLMonica Segal, P’04, P’06, P’09Rye, NYRichard Segal, P’04, P’06, P’09Chairman and CEOSeavest, Inc.Rye, NYMary Duke Biddle Trent Semans,WC’39, P’62, P’63, P’64, P’85, P’06,Hon’83, GP’86, GP’88, GP’90, GP’91,GP’94, GP’95, GP’02Durham, NCWilliam L. True, T’77Gull Industries, Inc.Seattle, WADerek M. Wilson, T’86, B’90, P'15Co-Founder and Managing PartnerManhattan Pacific Capital ManagementDallas, TXEX OFFICIOPeter LangeProvostDuke UniversityScott LindrothVice Provost for the ArtsDuke UniversityRichard RiddellVice President and University SecretaryDuke UniversityKimerly Rorschach P’11, P’14Mary D.B.T. and James H. Semans DirectorNasher Museum of Art at Duke UniversityAngela O. TerryPresident, Nasher Museum Friends BoardHans Van MiegroetProfessor and Chair, Department of Art andArt HistoryDuke UniversityCollections CommitteeAndrew C. Rothschild, ChairManaging DirectorKemnay Advisory Services, Inc.New York, NYBlake Byrne, T’57Chairman of the BoardSkylark FoundationLos Angeles, CAPaula CooperPaula Cooper GalleryNew York, NYDavid HaemiseggerCo-PresidentNorthPark Management CompanyDallas, TXJ. Tomilson Hill III, P’04General PartnerBlackstone GroupNew York, NYJanine Hill, P’04Director, Fellowship Affairs and StudiesStrategic PlanningCouncil on Foreign RelationsNew York, NYFrank Konhaus, T’80Chapel Hill, NCNancy A. Nasher, L’79Co-PresidentNorthPark Development CompanyDallas, TXJack Neely, T’80PresidentBallard Management CorporationTulsa, OKRichard PowellJohn Spencer Bassett Professor of American,Afro-American and African ArtArt History & Visual Studies, Duke UniversityDurham, NCKimerly Rorschach, P’11, P’14Mary D.B.T. and James H. Semans DirectorNasher Museum of Art at Duke UniversityDurham, NCp. 42 Statement of Operations: FY 2010-2011 Support: Boards and Committees p. 43