Berkshire Museum finances by the numbers

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The following data are drawn from the Berkshire Museum's IRS Form 990 filing and its audited financial statements for the fiscal year that ended June 30, 2017, as well as its Form PC filing to Massachusetts authorities:

NOTE: Differences in some totals reflect different reporting requirements in the forms cited. (This story has been updated to provide a definition for "unrestricted net assets.") 

- Proceeds to date from art sales: $47,000,000 (net after costs, including legal fees)

- Size of deficit in 2017, including charge of $515,065 for depreciation: $1,326,210

- Size of deficit 2017, without depreciation charge: $811,145

- Amount shifted from endowment investments to cover deficit: $1,272,558

- Line of credit debt paid off in April with art sale proceeds: $1,852,426

- Value of undesignated net assets as of June 30, 2017: $7,650,600

- Value of unrestricted net assets as of June 30, 2017: $14,690,923. (Such assets are available for and used in day-to-day operations.)

- Spending on "New Vision" "work in progress" in fiscal year 2017, for conceptual and schematic designs related to proposed renovation: $339,582

- Spending on strategic planning in 2016 and 2017: $408,949

- Amount allocated to Experience Design for New Vision architectural designs on Form PC: $216,234

- Amount allocated to TDC, Boston-based master plan consultant, in 2017 on Form 990: $193,283; that sum is listed as $190,620 on Form PC

- Amount allocated to Hill Engineers, Architects, Planners Inc. of Dalton, whose president, Jeffrey Noble, sits on museum board on Form 990: $115,171

- Total compensation paid to former Executive Director Van Shields: $140,263 (Form 990); that compensation is listed as $141,500 on Form PC

- Other top employees earned the following salaries, according to Form PC: Chief Support Services Officer Jon Provost, $77,267; Chief Engagement Officer Nina Garlington (now chief of staff), $74,304; Chief Experience Officer Craig Langlois, $55,710; Communications Manager Leslie Beck, $53,641.


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