ANNUAL REPORT Mission
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art + history + architecture ANNUAL REPORT Mission JEPSON CENTER TELFAIR ACADEMY OWENS-THOMAS HOUSE & SLAVE QUARTERS Telfair Museums offers compelling expressions of visual culture—embracing three unique buildings and three distinct collections that bridge three centuries of art and architecture. The museum develops awareness, understanding, and appreciation of the arts and serves as a dynamic cultural center connecting people of all ages and backgrounds. 2 message Dear Friends, Telfair Museums’ 135th year brought so many challenges—from a three-month pandemic closure that dared us to rethink the way museums operate to the loss of friends and colleagues. We are grateful for your support, patronage, and loyalty through a difficult year when the path ahead wasn’t always clear. We saw more than a few heroic efforts—most notably from our longtime friend Bob Faircloth, who stepped in as acting director for most of 2020 and led our team with courage, creativity, humility, and a good sense of humor. Our board of directors lent their wealth and breadth of expertise to every challenge we tackled. The museum’s senior leadership team, especially our CFO/COO Joey Rudder, oversaw the museum’s day-to-day operations. Kendall McCurry, our 2020 Telfair Ball chair, raised nearly $1 million for our programs with her team. Our incredible staff kept us going despite unprecedented obstacles at work and at home. We thank you—not only for empowering us to reopen safely and successfully, but for buoying the spirits of our community, for inspiring the generosity of so many, and for positioning Telfair Museums for the next 135 years, and many more, of passionately providing “art for all.” Benjamin T. Simons Executive Director/CEO Dale C. Critz, Jr. Board Chairman 3 2020 by the numbers PEOPLE EDUCATION & OUTREACH Total visitors: 103,762* 3,164 pre-K through college students participated in Jepson Center: 36,120 in-person field trips and virtual tours Owens-Thomas House: 37,742 19 in-person and virtual lectures attended by Telfair Academy: 31,900 1,600 people *Partial and complete museum closures due to COVID-19 20 studio classes, 9 camps, and 3 workshops with 163 participants EXHIBITIONS 5 Morrison Community Gallery exhibitions 21 exhibitions Drop-In Studio activities attended by 500 people (pre-pandemic) COLLECTIONS 2 Free Family Days attended by 5,266 people; 6,390 works in the collection 3 Free Family Weekends attended by 1,029 people offered at the Jepson Center 99 new works added 1,763 people of all ages and abilities participated in outreach via classes (pre-pandemic) and art-making kits WEB & SOCIAL MEDIA 2,245 at-home art-making kits distributed 503,644 Telfair.org page views (35% decrease) 34,475 Unique Visitors per month (51% increase) AWARDS AND ACCOLADES 10,589 Facebook Likes (6% Increase) Southeastern Museums Conference 5,968 Twitter Followers (15% Increase) Exhibition Competition 7,500 Instagram Followers (7% Increase) Bronze Award for Suzanne Jackson: Five Decades Southeastern Museums Conference Publication Competition Gold Award for Telfair Ball Invitation Gold Award for Collecting Impressionism Funds Drive Mailer 4 OPERATING Net income from Operations: $13,000 OperatingOperating Revenue: Revenue: $4,825,000 $4,825,000 Operating Revenue: $4,825,000 InvestmentInvestment Draw Draw Investment ContributedContributed Draw Income Income Contributed 32% Income 32% 48%48% 32% 48% 19%19% EarnedEarned Income Income 19% Earned Income OperatingOperating EXPENSES: EXPENSES: $4,812,000 $4,812,000 Operating EXPENSES: $4,812,000 General General & & AdministrativeAdministrative General & Administrative15%15% Fund Fund 15% MuseumMuseum DevelopmentDevelopment ActivitiesActivities Fund13%13% Museum Development 13% 72%72% Activities 72% 5 statement of activities audited Telfair Museum of Art, Inc. Statements of Activities Year ended December 31, 2020 Net Assets without Donor Restrictions Net Assets with Donor Restrictions Undesignated Undesignated Total Designated Purpose Perpetual Operating Non-Operating Undesignated by Board Restricted in Nature Total Revenue Admission charges $ 820,201 $ - $ 820,201 $ - $ - $ - $ 820,201 Contributions 807,518 827,435 1,634,953 - 3,220,974 1,000 4,856,927 Governmental support and grants 586,000 - 586,000 - 68,514 - 654,514 Membership dues 159,989 - 159,989 - - - 159,989 Museum store sales, net 73,123 - 73,123 - - - 73,123 Special events, net 400,961 - 400,961 - - - 400,961 Rental and other revenue 36,275 - 36,275 - - - 36,275 Investment (loss) income, net - (2,233) (2,233) 2,060,575 1,277,120 - 3,335,462 Net assets released from restriction and change in designation Investment income draw 1,566,949 - 1,566,949 (862,718) (704,231) - - Other 374,032 223,718 597,750 (222,826) (374,924) - - 4,825,048 1,048,920 5,873,968 975,031 3,487,453 1,000 10,337,452 Expenses Personnel costs 2,659,219 - 2,659,219 - - - 2,659,219 Administration 505,679 - 505,679 - - - 505,679 Curatorial 215,174 - 215,174 - - - 215,174 Education 46,452 - 46,452 - - - 46,452 Marketing and development 143,373 - 143,373 - - - 143,373 Maintenance and security 632,388 - 632,388 - - - 632,388 Insurance 161,783 - 161,783 - - - 161,783 Utilities 298,846 - 298,846 - - - 298,846 Collection items purchased and not capitalized 83,935 - 83,935 - - - 83,935 Interest 65,540 - 65,540 - - - 65,540 Depreciation - 987,575 987,575 - - - 987,575 4,812,389 987,575 5,799,964 - - - 5,799,964 Change in net assets $ 12,659 $ 61,345 74,004 975,031 3,487,453 1,000 4,537,488 Net assets, beginning of year 19,043,042 12,504,661 9,429,468 14,160,444 55,137,615 Net assets, end of year $ 19,117,046 $ 13,479,692 $ 12,916,921 $ 14,161,444 $ 59,675,103 See accompanying notes to financial statements. 5 statement of activities audited (cont'd)Telfair Museum of Art, Inc. Statements of Activities (cont.) Year ended December 31, 2019 Net Assets without Donor Restrictions Net Assets with Donor Restrictions Undesignated Total Designated Purpose Perpetual Undesignated Operating Non-Operating Undesignated by Board Restricted in Nature Total Revenue Admission charges $ 2,199,339 $ - $ 2,199,339 $ - $ - $ - $ 2,199,339 Contributions 1,025,798 2,016,957 3,042,755 - 1,712,828 1,000 4,756,583 Governmental support and grants 212,500 - 212,500 - - - 212,500 Membership dues 221,628 - 221,628 - - - 221,628 Museum store sales, net 190,293 - 190,293 - - - 190,293 Special events, net 702,068 - 702,068 - - - 702,068 Rental and other revenue 263,026 - 263,026 - - - 263,026 Investment (loss) income, net - (701) (701) 3,228,609 2,211,182 - 5,439,090 Net assets released from restriction and change in designation Investment income draw 1,555,432 - 1,555,432 (873,720) (681,712) - - Other 262,121 242,333 504,454 (281,574) (222,880) - - 6,632,205 2,258,589 8,890,794 2,073,315 3,019,418 1,000 13,984,527 Expenses Personnel costs 3,032,529 - 3,032,529 - - - 3,032,529 Administration 542,341 - 542,341 - - - 542,341 Curatorial 423,764 - 423,764 - - - 423,764 Education 122,566 - 122,566 - - - 122,566 Marketing and development 288,802 - 288,802 - - - 288,802 Maintenance and security 903,633 - 903,633 - - - 903,633 Insurance 159,337 - 159,337 - - - 159,337 Utilities 302,165 - 302,165 - - - 302,165 Collection items purchased and not capitalized 48,063 - 48,063 - - - 48,063 Interest 146,340 - 146,340 - - - 146,340 Depreciation - 963,231 963,231 - - - 963,231 5,969,540 963,231 6,932,771 - - - 6,932,771 Change in net assets $ 662,665 $ 1,295,358 1,958,023 2,073,315 3,019,418 1,000 7,051,756 Net assets, beginning of year 17,085,019 10,431,346 6,410,050 14,159,444 48,085,859 Net assets, end of year $ 19,043,042 $ 12,504,661 $ 9,429,468 $ 14,160,444 $ 55,137,615 See accompanying notes to financial statements. 6 Telfair Museum of Art, Inc. statement of financial positionsStatements of Financial audited Position December 31, 2020 2019 ASSETS Cash and cash equivalents $ 2,072,991 $ 1,302,092 Investments, at fair value 32,142,295 30,915,047 Charitable foundation beneficial interest 4,553,035 2,685,778 36,695,330 33,600,825 Accounts receivable 211,355 298,712 Promises to give, net 1,123,423 931,165 Inventory 79,478 83,704 Other assets 307,553 278,830 Property, net 22,621,926 23,130,547 Collections (Note 1) - - $ 63,112,056 $ 59,625,875 LIABILITIES AND NET ASSETS Liabilities Accounts payable and accrued expenses $ 519,163 $ 514,102 Deferred revenue 346,883 249,836 Bonds payable, net (Note 5) 2,570,907 3,724,322 3,436,953 4,488,260 Net assets Without donor restrictions Undesignated 19,117,046 19,043,042 Designated by Board 13,479,692 12,504,661 32,596,738 31,547,703 With donor restrictions Purpose restricted 12,916,921 9,429,468 Perpetual in nature 14,161,444 14,160,444 27,078,365 23,589,912 59,675,103 55,137,615 $ 63,112,056 $ 59,625,875 See accompanying notes to financial statements. 4 8 exhibitions Jepson Center All exhibitions organized by Telfair Museums unless otherwise noted. PULSE Tech Space: Second Nature #art912, Late Afternoon January 23–December 31 near the Academy Ongoing PULSE Community Gallery January 23–February 24 Complex Uncertainties: Artists in Postwar America (Rotation 8) February 15–October 18 PULSE Machines of Futility January 23–July 19 Collecting Impressionism: Telfair’s Modern Vision Launching Savannah’s March 6, 2020–January 31, 2021 Art Scene: Founders of the Savannah Art Club February 7–August 30 #art912, Breakout!, Amiri Farris, Boxed In/Break Out June 5, 2020-July 6, 2021 The Prints of Erik Desmazières February 15–June 21 Spirit of Independence July 1–December 1 9 exhibitions Jepson Center (cont'd) Cut and Paste: Works of Paper Complex Uncertainties: August 1, 2020–January 10, 2021 Artists in Postwar America (Rotation 9) Organized by the Georgia Museum of Art, October 24, 2020–May 2, 2021 University of Georgia and Lyndon House Arts Center.