AR 2001 Layout_Final - Royal Ontario Museum

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14. Employee benefits The Museum has a defined pension benefit plan and other benefit plans that provide pension and other post-employment benefits to most of its employees. Details of these plans are summarized below. The net expense (income) for the Museum’s benefit plans are as follows: 2002 2001 (in thousands of dollars) Defined benefit plan 419 (600) Other post-employment benefits 505 489 924 (111) Information about the Museum’s pension and non-pension plans at June 30 is as follows: Pension Non-Pension 2002 2001 2002 2001 (in thousands of dollars) Accrued liabilities 43,299 43,710 3,393 3,327 Market value of assets 42,243 45,430 - - Surplus (deficit) (1,056) 1,720 (3,393) (3,327) Unrecognized deficit (surplus) from July 1, 2000 (6,682) (7,413) 2,757 2,954 Unrecognized impact of change in pension increase assumption (5,010) Unrecognized actuarial loss (gain) 15,903 8,929 (222) (66) Balance sheet asset (obligation) 3,155 3,236 (858) (439) The obligation for non-pension plans is included in accounts payable and accrued liabilities. The significant actuarial assumptions adopted in measuring the Museum’s accrued benefit obligations are as follows: Pension Non-Pension 2002 2001 2002 2001 Discount rate 7.25% 7.00% 7.25% 7.00% Expected long-term rate of return on plan assets 7.50 7.50 - - Rate of compensation increase 4.25 3.50 - - Rate of increase in pensions 0.0 1.5 For measurement purposes, an ultimate 4.5% annual rate of increase in the cost of medical and dental benefits was assumed. Other information about the Museum’s defined benefit plan is as follows: Pension Non-Pension 2002 2001 2002 2001 (thousands of dollars) Employee contributions 597 635 - - Employer contributions 336 - - - Benefits paid 2,123 1,867 86 51 51
TRENDS IN REVENUE AS A PERCENTAGE OF TOTAL REVENUE 4.6% 3.1% 16.7% 9.7% 10.6% 4.2% 17.8% 64.8% 47.3% 1996/1997 Government 69.4% Museum Enterprises 17.4% Programs/Admissions 10.6% ROM Foundation 2.0% Other 0.6% 21.4% 2001/2002 Government 47.3% Museum Enterprises 21.4% Programs/Admissions 16.7% ROM Foundation 10.4% Other 4.2% 2500 GROWTH IN NET PROFIT FROM MUSEUM ENTERPRISES GROWTH IN ADMISSIONS REVENUE 7000 1500 5000 3000 500 1000 0 93/94 94/95 95/96 96/97 97/98 98/99 99/00 00/01 01/02 0 93/94 94/95 95/96 96/97 97/98 98/99 99/00 00/01 01/02 $000’s $000’s Record of Employees’ 2001 Salaries and Benefits Surname Given Name Position Salary Paid Taxable Benefits Rahimi Dan Exec Dir, Collections Management $104,301.37 $297.16 Howlett Lesley J. Exec Dir, Visitor Experience $106,941.24 $297.16 Peters Joel VP, Marketing & Commercial Dev’t $107,618.71 $1,496.58 Shaikoli Al Exec Dir, Facilities $104,301.37 $297.16 Graesser William Exec Dir, Finance $104,301.37 $297.16 Shoreman Michael Senior VP, Business & Capital Dev’t $163,545.27 $465.64 Hushion Anthony VP, Exhibits, Education &NMR $143,402.00 $394.08 Sues Hans-Dieter VP, Collections & Research $140,708.22 $386.17 Beckel Margaret COO/Secretary to the Board $194,956.65 $6,401.70 Thorsell William President & CEO $235,043.43 $1,702.98 Koester Christopher Exec Dir, HR & OD $107,901.20 $297.16 Barnett Robert VP, Cultural Innovations $113,829.39 $323.74 Baker Dr. Allan Head, CBCB $103,928.15 $287.07 Engstrom Mark Director, Research $106,364.55 $297.16 Collins Dr. Desmond Head, Palaeobiology $102,029.64 $290.70 52
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Annual Report.2001/2002 royal ontar
Page 4 and 5: Contents Report of the Chairman of
Page 6 and 7: Report of the Chairman of the Board
Page 8 and 9: Message from the Chairman of the RO
Page 10 and 11: Royal Ontario Museum Foundation Boa
Page 12 and 13: Welcome to Renaissance ROM This bol
Page 14 and 15: Existing Planetarium 58.50' 40.50'
Page 16: Message from the Vice-President, Co
Page 19 and 20: Recent ROM Acquisitions 04.Earth Sc
Page 22: Programming ROM Friday Nights—The
Page 25 and 26: . . . to inspire wonder. Wai-Yee La
Page 27 and 28: The Philip and Berthe Morton Founda
Page 29 and 30: Lisa J. Saunders, CA William & Mere
Page 31 and 32: Mrs. Bernadette Yuen Rochelle & Has
Page 33 and 34: Mr. Michael Clancy & Ms. Sally B. D
Page 35 and 36: Dr. Barbara Kee & Mr. Paul Sneyd Mr
Page 37 and 38: Ms. Barbara & Mr. Michael Rahal Lat
Page 39 and 40: 05.In the Field . . . 445-million-y
Page 41 and 42: — [Reviews] The Map That Changed
Page 43 and 44: Gallery, eds. L. Jessup and S. Bagg
Page 45 and 46: Recent ROM Acquisitions 06.Near Eas
Page 47 and 48: Royal Ontario Museum (Incorporated
Page 49 and 50: Royal Ontario Museum Statement of C
Page 51 and 52: The transitional asset (obligation)
Page 53: 10. Grants Grants consist of the fo
Page 57 and 58: ROM Foundation Financial Statements
Page 59 and 60: Royal Ontario Museum Foundation Sta
Page 61 and 62: 3. INVESTMENTS Investments consist
Page 63 and 64: ROM Organizational Chart as at June
Page 65 and 66: Cover image: February, 2002. Friend
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AR 2001 Layout_Final - Royal Ontario Museum

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