Civic Intelligence

Bruce Museum Inc.

990 • Fiscal year 2019 • EIN 23-7105904

Jul 01, 2018 to Jun 30, 2019 • Filed on May 06, 2020

One Museum DriveGreenwich, CT 06830

(203) 869-0376

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

13th percentile

0.01x

Higher debt load relative to assets than 13% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

17th percentile

0.07x

Higher debt load relative to revenue than 17% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Net Margin

85th percentile

32%

Higher net margin than 85% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

81st percentile

$469,427

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 6.2% of source-year revenue.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Asset Growth

37th percentile

1.2%

Faster asset growth than 37% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

59th percentile

6.7%

Faster revenue growth than 59% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Assets

Up

$38,065,855

Up $439,467 (+1.2%) from 2018

Net Assets

Up

$37,517,275

Up $1,591,719 (+4.4%) from 2018

Liabilities

Down

$548,580

Down $1,152,252 (-68%) from 2018

Revenue

Up

$7,540,117

Up $474,167 (+6.7%) from 2018

Expenses

Up

$5,131,340

Up $41,036 (+0.8%) from 2018

Net Income

Up

$2,408,777

Up $433,131 (+22%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100M$50M$0Assets 2010: $24,899,258Liabilities 2010: $548,426Net Assets 2010: $24,350,8322010Assets 2011: $26,144,521Liabilities 2011: $355,043Net Assets 2011: $25,789,4782011Assets 2012: $23,579,841Liabilities 2012: $210,678Net Assets 2012: $23,369,1632012Assets 2013: $24,574,733Liabilities 2013: $195,907Net Assets 2013: $24,378,8262013Assets 2014: $28,170,179Liabilities 2014: $808,351Net Assets 2014: $27,361,8282014Assets 2015: $30,935,294Liabilities 2015: $680,527Net Assets 2015: $30,254,7672015Assets 2016: $32,867,209Liabilities 2016: $1,542,157Net Assets 2016: $31,325,0522016Assets 2017: $34,110,166Liabilities 2017: $1,214,732Net Assets 2017: $32,895,4342017Assets 2018: $37,626,388Liabilities 2018: $1,700,832Net Assets 2018: $35,925,5562018Assets 2019: $38,065,855Liabilities 2019: $548,580Net Assets 2019: $37,517,2752019Assets 2020: $42,027,905Liabilities 2020: $1,733,193Net Assets 2020: $40,294,7122020Assets 2021: $80,928,323Liabilities 2021: $2,965,060Net Assets 2021: $77,963,2632021Assets 2022: $87,479,834Liabilities 2022: $10,456,981Net Assets 2022: $77,022,8532022Assets 2024: $96,237,544Liabilities 2024: $4,073,502Net Assets 2024: $92,164,0422024

Highlighted filing

2019

Assets$38,065,855
Liabilities$548,580
Net Assets$37,517,275

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$30M$20M$10M$0-$10MExpenses 2010: $4,147,9072010Expenses 2011: $4,430,1062011Expenses 2012: $5,305,2892012Expenses 2013: $5,235,2152013Revenue 2014: $5,467,122Expenses 2014: $4,723,697Net Income 2014: $743,4252014Revenue 2015: $9,346,588Expenses 2015: $4,992,272Net Income 2015: $4,354,3162015Revenue 2016: $8,136,991Expenses 2016: $5,091,981Net Income 2016: $3,045,0102016Revenue 2017: $6,148,846Expenses 2017: $5,670,884Net Income 2017: $477,9622017Revenue 2018: $7,065,950Expenses 2018: $5,090,304Net Income 2018: $1,975,6462018Revenue 2019: $7,540,117Expenses 2019: $5,131,340Net Income 2019: $2,408,7772019Revenue 2020: $8,121,476Expenses 2020: $5,133,557Net Income 2020: $2,987,9192020Revenue 2021: $34,777,408Expenses 2021: $5,294,671Net Income 2021: $29,482,7372021Revenue 2022: $14,130,265Expenses 2022: $5,579,954Net Income 2022: $8,550,3112022Revenue 2024: $10,691,548Expenses 2024: $10,980,078Net Income 2024: -$288,5302024

Highlighted filing

2019

Revenue$7,540,117
Expenses$5,131,340
Net Income$2,408,777
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 6, 2020
Return Version
2018v3.1
Gross Receipts
$13,632,499
Mission and Program Overview

Mission

Bruce museum inc.'s mission is to promote the understanding and appreciation of art and science to enrich the lives of all people.

Bruce museum's exhibitions and educational programs advance the understanding of art and science.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$21,844,345$21,555,619▼ $288,726
Savings and Temporary Cash Investments$3,421,638$4,606,404▲ $1,184,766
Investments Other Securities$4,032,500$3,729,567▼ $302,933
Land, Buildings, and Equipment, Net$1,082,591$1,631,294▲ $548,703
Pledges and Grants Receivable$2,177,178$1,210,119▼ $967,059
Prepaid Expenses and Deferred Charges$96,423$164,938▲ $68,515
Cash and Non-Interest-Bearing Accounts$181,969$146,510▼ $35,459
Inventories for Sale or Use$52,219$43,272▼ $8,947
Total Assets$37,626,388$38,065,855▲ $439,467
Other Assets Total$4,737,525$4,978,132▲ $240,607
Liabilities
Accounts Payable and Accrued Expenses$781,789$415,545▼ $366,244
Deferred Revenue$51,080$98,072▲ $46,992
Other Liabilities$867,963$34,963▼ $833,000
Total Liabilities$1,700,832$548,580▼ $1,152,252
Net Assets / Fund Balance
Permanently Rstr Net Assets$20,226,561$20,232,886▲ $6,325
Temporarily Rstr Net Assets$13,589,471$14,436,450▲ $846,979
Unrestricted Net Assets$2,109,524$2,847,939▲ $738,415
Total Net Assets Fund Balance$35,925,556$37,517,275▲ $1,591,719
Total Liabilities and Net Assets / Fund Balance$37,626,388$38,065,855▲ $439,467

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,583,980$6,283,183$7,867,163
Equipment$47,314$429,664$476,978
Other Land Buildings$0$59,386$59,386
Other Assets Org$4,978,132--
Other Securities$3,729,567--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$25,009,574$207,275▲ $967,411$1,115,369$25,068,891
2017$23,724,196$629,163▲ $2,094,019$1,437,804$25,009,574
2016$21,886,468$785,372▲ $2,428,976$1,376,620$23,724,196
2015$23,074,738$414,940▼ $546,502$1,056,708$21,886,468
2014$23,575,650$401,946▲ $170,257$1,073,115$23,074,738
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Peter SuttonExecutive Director/CEO (thru 12/18)FT$266,406$203,021$469,427
William F FerenceDirector of Finance/CFOFT$131,047$26,004$157,051
Whitney RosenbergDirector of DevelopmentFT$124,478$7,039$131,517
Anne Von StuelpnagelDirector of ExhibitionsFT$115,079$10,956$126,035
Suzanne LioManaging DirectorFT$104,878$17,257$122,135

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Eskew Dumez RippleBuilding Design And PlanningONE CANAL PLACE SUITE 3150, New Orleans, LA 70130$591,269
White ContractorsParking Lot Construction199 SOUND BEACH AVE PO BOX 484, Old Greenwich, CT 06870$490,295
Nst Systems INCIt Management750 EAST MAIN STREET 8TH FLOOR, Stamford, CT 06902$144,095
Barbara J TavrowFundraising Services300 EAST 75TH STREET APT 23B, New York, NY 10021$130,000
Koya Leadership PartnersExecutive Director Candidate Search44 MERRIMAC STREET, Newburyport, MA 01950$101,977
Revenue and Support

Revenue Composition

Contributions and Grants
$6,035,832
Program Service Revenue
$229,375
Investment Income
$1,301,455
Other Revenue
$-26,545
All Other Contributions
$3,876,105
Change in Net Assets
$2,408,777

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded7$828,828Avg. Selling Price
Total Noncash Contributions7$828,828-

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,443,499
Revenue Not Reported on Financial Statements
$96,618
Revenue Not Reported on Form 990
$299,033
Total Revenue per Audited Statements
$7,742,532
Total Revenue per Form 990
$7,540,117
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,292,095
Other Expenses$1,719,245
Total Fundraising Expense$1,219,331
Professional Fundraising Fees$120,000
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,344,894$131,933$454,631$1,931,458
Current Officers, Directors, Trustees, and Key Employees$484,306$47,510$163,716$695,532
Office Expenses$280,521$20,442$84,229$385,192
Other Employee Benefits$240,448$23,588$81,282$345,318
Depreciation Depletion$191,556$11,964$54,886$258,406
Payroll Taxes$153,897$15,097$52,024$221,018
Information Technology$93,307$34,750$27,853$155,910
Advertising$99,283$3,516$21,615$124,414
Travel$112,875$2,266$8,998$124,139
Fees for Services Professional Fundraising--$120,000$120,000
Occupancy$73,282$17,926$8,963$100,171
Pension Plan Contributions$68,774$6,747$23,248$98,769
Fees for Service Investment Mgmnt Fees-$96,618-$96,618
Fees for Services Other$15,496$21,402$23,359$60,257
Fees for Services Accounting$51,250--$51,250
Other Expenses$39,571$328$3,730$43,629
All Other Expenses$33,714$221$5,548$39,483
Insurance$769$6,311$11,422$18,502
Conferences and Meetings$4,001--$4,001
Fees for Services Legal$765--$765
Total Functional Expenses$3,456,892$455,117$1,219,331$5,131,340

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,521,546
Total Expenses per Form 990$5,131,340
Expenses per Audited Statements$5,034,722
Expenses Not Reported on Form 990$486,824
Expenses Not Reported on Financial Statements$96,618
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$276,306
Professional Fundraising Fees$120,000
Fundraising Gross Income$76,635

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Renaissance Ball$719,241$55,680$8,519$47,161
Art of Design Luncheon$59,404$8,700$15,380$-6,680
Total Events$871,779$76,635$276,306$-199,671
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Contributions$34,963
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Bruce museum, inc. Can have the following classes of membership as the board has authorized in the by laws: a) individual membership b) corporate membership (which may include a partnership, trust or other legal entity) c) family membership d) patron membership e) benefactor membership f) robert bruce circle membership each membership in good standing is entitled to one vote on each matter submitted to a vote of the members. The persons who comprise a family membership - together is entitled to one vote on each matter. A membership may vote in person (through a duly authorized representative in the case of a corporate membership) or by valid proxy. Members are not entitled to receive a share of the organization's profits or excess dues or a share of the organization's net assets upon the organization's dissolution. The board may, from time to time, modify or eliminate classes of membership, may establish other classes of membership, and qualifications and privileges applicable to each membership class.

Form 990, Part VI, Section A, Line 7A

The members of the bruce museum, inc. Elect the trustees, other than the ex-officio trustees, at the annual meeting of the members, by a majority vote of the members entitled to vote who are present in person or by written proxy.

Form 990, Part VI, Section B, Line 11B

Bruce museum, inc. Has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. The form 990 is provided to the audit committee for review, comments, and approval. Once the audit committee has approved the return, an electornic copy is distributed to the board and it is filed with the internal revenue service. A hard copy of the return is also distributed at a board meeting.

Form 990, Part VI, Section B, Line 12C

Each trustee must conduct all of his or her activities in such a way as to avoid any conflict between the trustee's personal interests and the policies, operations, or interests of the museum. Trustees with special areas of interest within the museum should understand that advocacy for those interests should be advanced only within the framework of the museum's interests as a whole. In the event a conflict is unavoidable, the trustee shall at all times act in a manner consistent with his or her fiduciary responsibility to the museum and shall exercise particular care that no detriment or appearance of detriment to the museum results from that conflict. A trustee is considered to have a conflict of interest when the trustee, or any member of his or her immediate family: (a) has a financial, personal, or professional interest which impairs or might appear to impair the trustee's independence of judgment in the discharge of his or her responsibilities to the museum. (b) could receive a material financial, personal, or professional benefit from knowledge of confidential museum information. (c) would receive financial compensation for personal or professional services rendered to the museum without the prior approval of the board of trustees. A trustee should not vote on, approve, or recommend approval of a transaction between the museum and that trustee or immediate family member, and should disclose any potential conflict prior to a vote or other action. If such trustee is present when a matter involving a potential conflict of interest is considered, he or she should leave the meeting during that discussion and/or the vote. A trustee should, in general, communicate any administrative or managerial concerns to the chairman of the board of trustees or to the executive director. In no case should a trustee give direction to, or criticize directly, any museum personnel. The staff guidelines are founded on the following general principles: the first loyalty of a staff member is to the museum; conflicts of interest or the appearance thereof must be avoided; a professional staff position must not be used for personal gain; staff should at all times seek to maintain the museum's good name in the community and avoid misuse or disparagement of its name, reputation, property or services; a staff member shall not pursue any course of action indirectly which if done directly would be proscribed by the museum's code of ethics.

Form 990, Part VI, Section B, Line 15A

The executive committee conducts an annual performance review of the executive director. Compensation is based on the employee's performance and comparability data to the industry standards using the american association of museum's salary survey. The board approves the executive director's compensation. The compensation approval is documented in a letter from the board of directors.

Form 990, Part VI, Section C, Line 18

Form 990 is available on www.guidestar.org, www.charitynavigator.org, and www.eri-nonprofit-salaries.com form 990 is also available on our website: brucemuseum.org

Form 990, Part VI, Section C, Line 19

Financial statements, governing documents, conflict of interest policy, form 990, and form 1023 are made available for public viewing upon written request at bruce museum, inc. Headquarters located at 1 museum drive, greenwich, connecticut, 06830.

Filing and Contact Details

Filer

Filer Name
Bruce Museum Inc
EIN
23-7105904
Phone
2038690376
Address
ONE MUSEUM DRIVE, GREENWICH, CT 06830

Signing Officer

Name
Robert P Wolterstorff
Title
Executive Director and CEO
Phone
2038690376
Signed
2020-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert P Wolterstorff
Formed
1970
Legal Domicile
Ct
Voting Board Members
34
Independent Board Members
34
Employees
65
Volunteers
296

Preparer

Firm
PKF O'CONNOR DAVIES LLP
Address
3001 SUMMER STREET 5TH FLOOR EAST, STAMFORD, CT 06905
Preparer
Garrett M Higgins
Phone
2033232400
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4A

The bruce museum offered a variety art and science exhibitions in 2018-2019 that educated and engaged our diverse, community audience. Each exhibition featured world-class art, objects and artifacts that focused on the needs and interests of our visitors and our surrounding community. The following summarizes each of the exhibitions from 2018-2019. National geographic photo ark june 2, 2018 - september 2, 2018 the national geographic photo ark, led by photographer joel sartore, is a multiyear effort to document every species living in wildlife sanctuaries, inspire action through education, and help save wildlife by supporting on-the-ground conservation efforts. With ingenuity and wit, national geographic photographer joel sartore has captured portraits of more than 6,000 creatures in 40 countries to date. Many of the animals live in the world's zoos and aquariums, institutions dedicated to preserving and caring for species of all kinds. This exhibition featured many iconic images and allowed visitors to follow sartore around the world on this exciting and important project. Expressionism in print: the early works of richard haas, 1957-64 june 23, 2018 - october 21, 2018 richard haas's expansive oeuvre is predominantly marked by trompe l'oeil murals and detailed renderings of new york city's architecture. But before he began recording urban landscapes, haas sought inspiration from german expressionist printmakers and abstract expressionist painters. Included in the exhibition were prints produced between 1957 and 1964a seven-year period that, in many ways, encapsulates the artist's graphic evolution. While attending the university of wisconsin-milwaukee, a city heavily settled by german immigrants in the 19th and 20th centuries, haas began studying german expressionism. Informed by the emotive woodcuts of emil nolde, max beckmann, and erich heckel, haas's large-scale prints include abstract portraits of european artists and great thinkers. In the summer of 1960 haas studied with the abstract expressionist, jack tworkov, at the university of wisconsin-madison. Through tworkov's urging haas applied to the university of minnesota graduate school where he was offered a fellowship as malcolm myers's teaching assistant in printmaking. While studying painting and printmaking there he pursued a minor in art history and became intrigued with the prints of edvard munch. Haas's deep interest in 19th-century european history informs many of these early prints. Included in the exhibition were woodcuts from haas's famous heads series, comprising portraits of henry viii, friedrich nietzsche, henri de toulouse-lautrec, vincent van gogh, claude monet, auguste rodin, paul gauguin, and albert einstein. Wild bees: photographs by paula sharp and ross eatman april 14, 2018 - november 11, 2018 the exhibition wild bees featured exquisite color photographs of native bees in their natural habitats, along with an exploration of their varied lifestyles. The photographs are part of an ongoing wild bee project undertaken by photojournalist and writer paula sharp and nature photographer ross eatman, who began documenting wild bees inhabiting new york's rockefeller state park preserve and neighboring stone barns center for food and agriculture in 2014. Their lenses capture in beautiful detail the tremendous variety of shapes, colors and sizes of the insects. Wild bees are important pollinators of wildflowers, garden flowers and commercial crops including fruit trees, berries, melons and garden vegetables. Although domesticated honeybees often are used to pollinate cultivated plants, wild bees are able to pollinate many flowers and crops that honey bees cannot. The exhibition included spectacular views of a variety of pinned bee specimens magnified by a video microscope, as well as three detailed, enlarged models of wild bees, an interactive bee identification guide, and examples of a few wild bee homes. A continuous thread: navajo weaving traditions august 18

Form 990, Part III, Line 4A

The 19th century witnessed a remarkable transformation of the field of medical practice. At the beginning of the century, medical instruments were often beautifully crafted, but could not be sterilized. Anesthesia did not exist and post-operative infection killed many patients. As the era progressed, germ theory became accepted and aseptic tools replaced aesthetically pleasing instruments made of wood, ivory, and ebony. Advancing technology brought the world new ways to diagnose illness such as the stethoscope, x-rays, and sphygmomanometer (for blood pressure). Many of these innovative instruments are direct precursors of those used by present-day doctors, often with remarkably little modification. This exhibition showcased approximately one hundred artifacts, ranging from surgical tools to quack patent medicines to early x-ray tubes, telling the story of how various branches of diagnostic and therapeutic medicine evolved. Masterpieces from the museum of cartoon art january 26, 2019 - april 20, 2019 masterpieces from the museum of cartoon art showcased more than 100 original works celebrating the history of this unique art form in america. Among the many items displayed were an early editorial cartoon by thomas nast, a spectacular prince valiant sunday page by hal foster, and a witty new yorker gag by peter arno, as well as classic peanuts, doonesbury, and calvin and hobbes comic strips. Treasures from this rich and varied repository represented all of the cartoon genres, including comic strips, newspaper panels, comic books, editorial cartoons, magazine cartoons, caricature, illustration and animation. The artwork was on loan from the ohio state university billy ireland cartoon library & museum. The first institution dedicated to the collection, preservation, and exhibition of cartoon art, the museum of cartoon art was opened in greenwich in august 1974. Founded by cartoonist and longtime greenwich resident mort walker, it moved to port chester/rye brook, ny, in 1977, reopened in boca raton, fl, in 1996, and donated its collection to the billy ireland cartoon library & museum in 2008. Your place squared: community art project march 9, 2019 - june 2, 2019 the bruce museum presented a new community project of small artworks created entirely by the public for the public. Your place squared opened in the museum's bantle lecture gallery on march 9, 2019 with a dazzling assemblage of more than 500 artworks created by artists of all ages and abilities. Based on the popular 2012 bruce museum exhibition of self-portraits, your face squared, the bruce museum asked participants to turn to the landscape for creative inspiration. And did they ever! The subjects of your place squared were favorite landscapes, homes, a room, or any space that felt treasured. The artworks were created in many media, including writing, drawing, painting, photography and collage. Each entry was original and anonymous, 6 inches by 6 inches in size and no thicker than 3 inches. Buried treasures of the silk road february 9, 2019 - june 9, 2019 buried treasures of the silk road showcased the extraordinary collection of chinese tomb sculpture in the fred and jane brooks collection of the bruce museum. Featuring dozens of rare and delicate terra cotta figurines, painted and glazed ceramics, and other antiquities, buried treasures of the silk road was on view in the museum's arcade gallery. Buried treasures celebrated the artistic achievements of anonymous chinese artists supported by the riches earned on the silk road. The exhibition will also featured art objects from the museum's permanent collection exchanged on the silk road. Icreate 2019 june 8, 2019 - july 28, 2019 the bruce museum spotlighted the creative energy and vitality of fine art created by regional high school students in the 10th annual icreate exhibition. The show featured 53 jury-selected artworks, and centered on an array of works infused with the creative spirit and impactful voices of budding yo

Form 990, Part III, Line 4A

Educational programs the bruce museum's primary goal is to educate our visitors. The museum's audience engagement department tailors each learning experience to match our targeted audience segments in the community. Highlights from the museum's educational programming and planning in 2018-2019 include the following: - this year, the museum had approximately 25,000 visitor interactions through educational programs. -bruce explorers is the newest offering from youth and family programs. During this extended drop-off program for children ages 7-16, participants explore different science concepts through hands-on labs. The first one took place on june 9th, 2019 and was all about "sharks!." participants learned about the external and internal anatomy of a dogfish shark through a guided dissection. -in november 2018, the museum began to offer regularly scheduled programing with imagination playground blocks, purchased through a generous grant from the hilliard family foundation. Called design time, this program allows children ages 2 and up to use their imagination to build, design, and create with blocks. This program takes place on the first and third thursdays of each month in the museum's gallery space. Fourteen sessions occurred throughout the fiscal year and brought in 80 children and caregivers. -the bruce museum hosted an annual martin luther king, jr. Family day on january 21st, 2019. For this event, the museum collaborated with neighbor to neighbor, a non-profit dedicated to serving residents in need in the greenwich area. There were 257 visitors at this event, which is almost double typical family day attendance. Many guests donated several items, beyond what was required for free admission. The museum donated 20 crates of items to neighbor to neighbor. The guest participation and community partnership with neighbor to neighbor honored the spirit of mlk day at the bruce museum. -the relationship between the greenwich public schools and the bruce museum continues to grow and evolve. This year, in addition to hosting innovation lab and providing outreach programs for gps students, the museum presented professional development workshops for the gps three times. In addition, laura newell, the gps program coordinator for art and music and a member of the museum's education task force, asked the museum to offer a recurring workshop for teachers on the day before the first day of school. This interaction means that over 65% of gps staff has participated in a pd workshop led by bruce museum staff. The workshops focused on diverse topics such as "discussing difficult issues using art," "learning about the history of science through the medium of art history, and "object based learning and the interconnectivity of disciplines." -during this fiscal year, the bruce museum educators delivered 146 programs to 3,074 participants from greenwich-based schools and organizations.

FORM 990, PART IV, LINE 8:

The town of greenwich, connecticut owns the entire museum collection. The organization operates the facility and organizes the exhibits per an agreement with the town of greenwich. The organization provides security for the collection. It also performs restoration and preservation of collection as needed to maintain the collection for exhibition.

FORM 990, PART XI, LINE 9:

Loss on uncollectible pledges -629,267.

FORM 990. PART XI, LINE 2C:

The independent auditor is selected after a review and bidding process conducted by the audit committee. The audit committee reviews the financial statement and meets with the independent auditors before the audit report and financial statements are issued. Audit findings, if any, are communicated to the audit committee by the independent auditors. Audit committee considers the findings. Audit committee recommends corrective action, if in their judgement it is needed. There have been no changes in the process from the prior year.

Financial Statement Notes

PART III, LINE 4:

The town of greenwich, connecticut owns the entire museum collection. The organization operates the facility and organizes the exhibits per an agreement with the town of greenwich. The organization provides security for the collection. It also performs restoration and preservation of collection as needed to maintain the collection for exhibition. Various collection items were donated to the museum, which is owned by the town. Title to all objects in the collections of the museum, and all additions thereto, is vested exclusively in the town and is held in public trust. Accordingly, bmi did not recognize income from the donations of objects to the museum's collection on the statement of changes in net assets.

PART V, LINE 4:

The bruce museum maintains various donor-restricted and board-designated funds whose purpose is to provide long term support for the bruce museum's mission and charitable programs.

PART X, LINE 2:

Bmi recognizes the effect of income tax positions only if those positions are more likely than not to be sustained. Management has determined that bmi had no uncertain tax positions that would require financial statement recognition or disclosure. For information returns, bmi is no longer subject to examinations by the applicable taxing jurisdictions for periods prior to years ending june 30, 2016.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Special events expenses reported on part viii, line 8b 276,306. Cost of goods sold reported on part viii, line 10b 123,538.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Special events expenses reported on part viii, line 8b 276,306. Cost of goods sold reported on part viii, line 10b 123,538.

Raw XML AppendixShowing 400 of 988 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$96.2$4.07$92.2$10.7$11.0$0.29
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$87.5$10.5$77.0$14.1$5.58$8.55
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$80.9$2.97$78.0$34.8$5.29$29.5
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$42.0$1.73$40.3$8.12$5.13$2.99
2019Detailed filing. Detailed filing data is available for this year.$38.1$0.55$37.5$7.54$5.13$2.41
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.6$1.70$35.9$7.07$5.09$1.98
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.1$1.21$32.9$6.15$5.67$0.48
2016Detailed filing. Detailed filing data is available for this year.$32.9$1.54$31.3$8.14$5.09$3.05
2015Detailed filing. Detailed filing data is available for this year.$30.9$0.68$30.3$9.35$4.99$4.35
2014Detailed filing. Detailed filing data is available for this year.$28.2$0.81$27.4$5.47$4.72$0.74
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.6$0.20$24.4$5.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.6$0.21$23.4$5.31
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.1$0.36$25.8$4.43
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.9$0.55$24.4$4.15