Woodmere Art Museum Inc.

“The organization has members but no stockholders. Members have the right to attend art classes provided by the organization and receive annual updates on the organization.”

“Trustees are elected by the members at the annual meeting.”

“Certain changes to the by-laws may require member approval”

“A copy of the draft of form 990 is sent to the full board for their review and comments prior to filing the return. An officer signs the return after considering board comments.”

“All employees and trustees sign a code of ethics that includes conflict of interest policy. The questionnaire is completed annually by trustees and reviewed by the governance committee. If an issue or transaction involves a board member with a conflict, that board member is prohibited in the governing body's deliberation and decision with respect to that transaction or issue.”

“A contract detailing compensation for the director/ceo, is evaluated and approved annually by the executive committee. Surveys and reviews of compensation are collected annually. Staff and director compensation is reviewed annually. The finance committee signs off on salaries and the board members approve them.”

“A financial summary is available to the public upon request.”

“Woodmere art museum's exhibitions and educational programs offer the public opportunities to learn about, appreciate, and celebrate the art and artists of the philadelphia region.”

“Overall - a dynamic museum that is growing in the vitality of its program, woodmere is the only art museum solely focused on the work of artists of the philadelphia region. The museum engages a growing and increasingly diverse audience (attendance of more than 43,000 in 2016) with eight or more vibrant, changing exhibitions that feature works from the museum's collection and works borrowed from other collectors and great museums across the country. In addition, woodmere's helen millard children's gallery features five exhibitions annually that showcase the art of young people whose schools interact with the museum. In recent years, woodmere has "broken outside of its walls," installing new monumental sculptures by harry bertoia, sam maitin and dina wind in the museum's six-acre landscape, opening a path forward for more experiences that link art and nature. Further engagement with the public is provided through an expansive array of educational programs and other opportunities. Woodmere is accredited by the american alliance of museums, a distinction held by only approximately five percent of museums nationwide. Also, on the national register of historic places, woodmere is designated a significant structure that contributes to the historic character of the chestnut hill historic district in philadelphia.”

“Education - exhibitions at woodmere serve as a platform for an ongoing series of educational opportunities, lectures, gallery talks, family festivals and "art of observation" programs with medical schools and the philadelpia medical examiners offices, workshops, literary programs and panel discussions featuring top scholars and artists. Woodmere offers more than 200 tours annually, led by curatorial staff, artists, and docents. Studio art classes for children and adults take place in the museum's converted carriage house. Classes are taught by contracted educators, many of whom are also talented artists themselves. Approximatly 800 children were enrolled in art classes in 2016. Following state curriculum guidelines, woodmere's educators and docents also work with more than 6,000 young people in classroom groups, most of whom are economically disadvantaged. Programs are offered in schools and at the museum. A diversity of audiences regularly attend the museum's film series, yoga classes, discussion and tours for people with dementia and their caretakers, classical music performances, and woodmere's highly popular jazz series (music attendance alone was more than 4,000). Woodmere also has made great strides with its family audience, offering an interactive hay maze, special programs during chestnut hill's witches and wizards festival, and art-making and other engagement on martin luther king, jr. Day and during other family days. On average, more than 15 family events are planned throughout the year, including woodmere's circle of trees event that represents the annual community kick-off of the winter holiday season”

“Collection - caring for woodmere's collection of more than 6,500 works of art is a primary activity of the institution. The founder's collection, the core of which remains on view at woodmere to this day, concentrates on post-civil war american paintings, works by philadelphia artists of the 19th century, and landscape paintings of the hudson river school. Woodmere also holds one of the nation's premier collections of pennsylvania impressionists, the circle of violet oakley, the circle of arthur b. Carles, and modern and contemporary art of philadelphia. Realism, modernism, printmaking, conceptual art, and many other threads of art history have distinct and significant configurations in philadelphia, making woodmere's collection an important cultural asset of the city.”

“Change in beneficial interest in perpetual trust 237,778. Non-recoverable costs of construction in progress -554,022.”

“The organization has a finance committee which assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. The procedures of the finance committee with respect to these responsibilities have not changed from the prior year.”

“Under generally accepted accounting principles, the revenue over expense "increase" was $1,728,837 for the current year. However, under irs regulations for the form 990, the $638,875 of unrealized gain is not included in the revenue less expenses, resulting in a $1,406,206 increase shown on the form 990. The reconciliation of the revenue less expenses between the financial statements and the form 990 is also shown on page 4 of schedule d of the form 990.”

“Not applicable: the organization had no contributions of qualified intellectual property.”

“Not applicable: the organization had no contributions of cars, boats, airplanes, or other vehicles.”