2025-03-27T11:27:04-05:00 2024-06-30 GARY MCGEE & CO LLP 1000 SW BROADWAY SUITE 1200 PORTLAND OR 97205 990 2023-07-01 930391604 PORTLAND ART MUSEUM PORT 5032262811 1219 SW PARK AVENUE PORTLAND OR 972052430 GARETH NEVITT CFO 5032262811 2025-03-27 1 1 YEE LEE MCGEE P01294356 5032222515 2023 2025-03-06 01:10:19Z BRIAN FERRISO 1219 SW PARK AVENUE PORTLAND OR 972052430 39243337 0 X WWW.PORTLANDARTMUSEUM.ORG X 1892 OR COLLECTION AND PRESERVATION OF ART FOR PUBLIC EXHIBITION. 59 57 238 105 461925 182452 21872350 29987527 4119730 4084031 2456634 2259962 1278984 1386143 29727698 37717663 10000 20000 0 0 11173478 12327773 567003 123149 3074567 9911170 14036938 21661651 26507860 8066047 11209803 211136820 235554258 12061859 17279346 199074961 218274912 X THE MISSION OF THE PORTLAND ART MUSEUM IS TO ENGAGE DIVERSE COMMUNITIES THROUGH ART AND FILM OF ENDURING QUALITY, AND TO COLLECT, PRESERVE AND EDUCATE FOR THE ENRICHMENT OF PRESENT AND FUTURE GENERATIONS. 1 0 13662115 4004407 MORE THAN 50,000 OBJECTS AND WORKS OF ART COMPRISE THE MUSEUM'S COLLECTIONS, INCLUDING WORKS OF EUROPEAN PAINTING AND SCULPTURE, AMERICAN PAINTING AND SCULPTURE, SILVER, ASIAN ART, NATIVE AMERICAN ART, PRE-COLUMBIAN ART, CAMEROON AND OTHER AFRICAN ART, CONTEMPORARY ART, SCULPTURE, PRINTS AND DRAWINGS, PHOTOGRAPHY, AND FILM. 4843526 DURING 2024, THE PORTLAND ART MUSEUM AND SITE SANTA FE, IN COOPERATION WITH THE U.S. DEPARTMENT OF STATE'S BUREAU OF EDUCATIONAL AND CULTURAL AFFAIRS, WERE SELECTED TO PRESENT JEFFREY GIBSON AS THE REPRESENTATIVE FOR THE UNITED STATES AT THE 60TH INTERNATIONAL ART EXHIBITION OF LA BIENNALE DI VENEZIA (VENICE BIENNALE). ON VIEW APRIL 20 THROUGH NOVEMBER 24, 2024, "JEFFREY GIBSON: THE SPACE IN WHICH TO PLACE ME" PROVIDED INTERNATIONAL AUDIENCES WITH THE FIRST MAJOR OPPORTUNITY TO EXPERIENCE GIBSON'S WORK OUTSIDE OF THE U.S. 1714080 20000 385223 THE MUSEUM'S CENTER FOR AN UNTOLD TOMORROW IS A YEAR-ROUND ORGANIZATION AND SPACE WHERE ARTISTS AND AUDIENCES EXPLORE OUR REGION AND THE WORLD THROUGH CINEMA AND CINEMATIC STORYTELLING IN ALL ITS FORMS. ITS MISSION IS TO EXPAND THE REACH OF CINEMA AS AN ART FORM AND CHALLENGE FOR WHOM, BY WHOM AND HOW STORIES CAN BE TOLD. THROUGH ITS NON-TRADITIONAL, UNBOUND FESTIVALS, SCREENINGS, EVENTS, CO:LABORATORY ADULT AND YOUTH CLASSES AND WORKSHOPS, AUDIENCES AND ARTISTS FORM CONNECTIONS THAT BIND OUR COMMUNITY AND ENCOURAGE A MORE VIBRANT, ACCESSIBLE, AND DIVERSE MEDIA-ARTS ECOSYSTEM. 732508 380 THE LEARNING AND COMMUNITY PARTNERSHIPS TEAM AT THE PORTLAND ART MUSEUM WORKS TO OFFER A FULL SPECTRUM OF PROGRAMS AND OUTREACH INITIATIVES THAT PROMOTE LIFELONG LEARNING AND BUILD CONNECTIONS TO OUR LOCAL COMMUNITY. THROUGH PROGRAMS, PARTNERSHIPS, AND COMMUNITY ADVISORY PROCESSES, THE MUSEUM STRIVES TO BE MORE THAN JUST A COLLECTION OF OBJECTS AND ARTWORK, BUT ALSO TO BE A PLACE WHERE CONVERSATIONS ABOUT THE WORLD AROUND US TAKE PLACE. 732508 380 20952229 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 0 0 1 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 0 0 1 197 0 238 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 59 57 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 OR X X GARETH NEVITT 5032262811 1219 SW PARK AVENUE PORTLAND OR 972052430 ALIX MEIER GOODMAN CHAIR 1.00 X X 0 0 0 ANGELA SNOW VICE-CHAIR 1.00 X X 0 0 0 JIN PARK TREASURER 1.00 X X 0 0 0 SHARON BARNES SECRETARY 1.00 X X 0 0 0 LINDA ANDREWS TRUSTEE 1.00 X 0 0 0 KABERI BANERJEE MURTHY TRUSTEE 1.00 X 0 0 0 AMJAD BANGASH TRUSTEE 1.00 X 0 0 0 MISSY BECHEN TRUSTEE 1.00 X 0 0 0 DAN BERGSVIK TRUSTEE 1.00 X 0 0 0 MARY BLAIR TRUSTEE 1.00 X 0 0 0 MARY LEE BOKLUND TRUSTEE 1.00 X 0 0 0 MARY BOYLE TRUSTEE 1.00 X 0 0 0 EMMA COLSON TRUSTEE 1.00 X 0 0 0 JAMES CRUMPACKER TRUSTEE 1.00 X 0 0 0 KIRK DAY TRUSTEE 1.00 X 0 0 0 CHRISTELLE DE ASIS TRUSTEE 1.00 X 0 0 0 KIRK DOBBINS TRUSTEE 1.00 X 0 0 0 LANA FINLEY TRUSTEE 1.00 X 0 0 0 RYAN FINLEY TRUSTEE 1.00 X 0 0 0 ANN FLOWERREE TRUSTEE 1.00 X 0 0 0 MARK FRANDSEN TRUSTEE 1.00 X 0 0 0 JANET GEARY TRUSTEE 1.00 X 0 0 0 SUZANNE GEARY TRUSTEE 1.00 X 0 0 0 MARK GOODMAN TRUSTEE 1.00 X 0 0 0 PATRICK GREEN TRUSTEE 1.00 X 0 0 0 PHILLIP HILLAIRE TRUSTEE 1.00 X 0 0 0 STEVE HOLWERDA TRUSTEE 1.00 X 0 0 0 JUDY HUMMELT TRUSTEE 1.00 X 0 0 0 FREDERICK JUBITZ TRUSTEE 1.00 X 0 0 0 SELBY JEAN KEY TRUSTEE 1.00 X 0 0 0 TARA KINATEDER TRUSTEE 1.00 X 0 0 0 APRIL KNAPP TRUSTEE 1.00 X 0 0 0 NANCY LEMATTA TRUSTEE 1.00 X 0 0 0 KATHLEEN LEWIS TRUSTEE 1.00 X 0 0 0 CYNDY MALETIS TRUSTEE 1.00 X 0 0 0 DAVID MARGULIS TRUSTEE 1.00 X 0 0 0 JAY MASON TRUSTEE 1.00 X 0 0 0 STEVEN MCGEADY TRUSTEE 1.00 X 0 0 0 ROGER BRUE MCHAYLE TRUSTEE 1.00 X 0 0 0 LAURA S MEIER TRUSTEE 1.00 X 0 0 0 SHAWN MENASHE TRUSTEE 1.00 X 0 0 0 MARK NEW TRUSTEE 1.00 X 0 0 0 TRAVERS HILL POLAK TRUSTEE 1.00 X 0 0 0 YALE POPOWICH MD TRUSTEE 1.00 X 0 0 0 ROLANDO POZOS TRUSTEE 1.00 X 0 0 0 H PAT RITZ TRUSTEE 1.00 X 0 0 0 LINA GARCIA SEABOLD TRUSTEE 1.00 X 0 0 0 GRACE SERBU TRUSTEE 1.00 X 0 0 0 MEGAN SHIPLEY TRUSTEE 1.00 X 0 0 0 BARBARA SILVER TRUSTEE 1.00 X 0 0 0 GREG TIBBLES TRUSTEE 1.00 X 0 0 0 JEFFREY THOMAS TRUSTEE 1.00 X 0 0 0 CHERYL TONKIN TRUSTEE 1.00 X 0 0 0 ROBERT TROTMAN TRUSTEE 1.00 X 0 0 0 ROBERT WARREN TRUSTEE 1.00 X 0 0 0 MARIE WATT TRUSTEE 1.00 X 0 0 0 CARRIE MAE WEEMS TRUSTEE 1.00 X 0 0 0 HELEN JO WHITSELL TRUSTEE 1.00 X 0 0 0 WILLIAM WHITSELL TRUSTEE 1.00 X 0 0 0 BRIAN J FERRISO EXECUTIVE DIRECTOR 35.00 X 444561 0 114644 GARETH A NEVITT CHIEF FINANCIAL OFFICER 40.00 X 218050 0 9638 KARIE BURCH DIRECTOR OF DEVELOPMENT 40.00 X 184442 0 14593 JOHN GOODWIN DIRECTOR OF COMMUNITY PHILANTHROPY 40.00 X 168847 0 14085 AMY DOTSON DIR. OF PAM CUT & CURATOR 40.00 X 162573 0 14336 DONALD D URQUHART DIR. OF COLLECTIONS & EXHIBITS 40.00 X 162067 0 13851 MOHAMMED ALI DIR. OF RETAIL & CAMPUS OPS 40.00 X 148571 0 5915 LISA HOFFMAN DIR. OF MEMB, GUEST SVCS, VOLS 40.00 X 127026 0 12222 1616137 0 199284 11 0 1 0 MA MORTENSON COMPANY 710 NW 14TH AVENUE SUITE 300 PORTLAND OR 97209 CONSTRUCTION CONTRACTORS 21410297 HENNEBERY EDDY ARCHITECTS INC 921 SW WASHINGTON STREET SUITE 2 PORTLAND OR 97205 ARCHITECTURAL SERVICES 1293124 NORTHSTAR CG LP 8160 304TH AVENUE SE ISSAQUAH WA 98027 ASBESTOS ABATEMENT 894915 PERLO CONSTRUCTION LLC 11450 SW AMU STREET TUALATIN OR 97062 CONSTRUCTION CONTRACTORS 574906 TOTAL MECHANICAL INC 4857 NW LAKE ROAD SUITE 300 CAMAS WA 98607 COOLING TOWER INSTALLATION 452825 15 1608881 1813022 26565624 427371 29987527 MEMBERSHIPS 900099 1820544 1820544 ADMISSIONS 900099 1736914 1736914 RENTAL SALES GALLERY 455000 396976 396976 TUITION AND FEES 611600 69451 69451 OTHER PROGRAM FEES 900099 60146 60146 4084031 2259962 2259962 1380855 717063 724186 385142 656669 331921 988590 370351 618239 718074 416346 301728 210154 91574 MISCELLANEOUS 900099 95825 95825 95825 37717663 4390010 461925 2878201 20000 20000 1037289 187835 457105 392349 9288492 6750340 1151848 1386304 226220 152382 28725 45113 1017316 723160 140569 153587 758456 529079 107819 121558 10014 8098 1829 87 87683 87683 123149 123149 168867 168867 1445640 1350665 94975 738479 731142 3153 4184 1735482 1410842 136192 188448 421821 203137 126367 92317 1451761 1212825 230311 8625 1118337 1065914 14450 37973 27284 13995 6719 6570 1808511 1374183 413032 21296 260561 92467 168094 ART & EXHIBITIONS COSTS 2069489 2069489 ALLOCATIONS AND OTHER 1500921 1950820 -859785 409886 EVENTS 1192088 1105856 3111 83121 26507860 20952229 2481064 3074567 3867016 9822842 305487 480500 21044544 17579319 710332 189038 337936 158626 471474 617339 149016973 43346287 63087793 105670686 97702285 77197692 16336068 16478878 7273885 7359338 211136820 235554258 4806308 10064908 1364005 1261787 5891546 5952651 12061859 17279346 X 63728296 60945131 135346665 157329781 199074961 218274912 211136820 235554258 11209803 7990148 0 X 0 1 X 1 0 X 22647279 19536962 40583607 21872350 29987527 134627725 22647279 19536962 40583607 21872350 29987527 134627725 18021268 116606457 1887272 1666748 2500765 3023606 2878201 11956592 222989 302162 461925 987076 398653 61784 73332 93409 95825 723003 148294396 20737753 0.78630 0.75820 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2019 AMOUNT: $ 398,653. 2020 AMOUNT: $ 61,784. 2021 AMOUNT: $ 73,332. 2022 AMOUNT: $ 93,409. 2023 AMOUNT: $ 95,825. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 1 68052328 1642986 8237272 4290668 73641918 63495170 2457713 6078890 3979445 68052328 69873926 4093995 -6071628 4401123 63495170 57185545 1859437 13748169 2919225 69873926 53570137 4927661 1483738 2795991 57185545 0.11378 0.88622 0 0 4837854 3565225 8403079 71438035 34405540 37032495 1812364 633906 1178458 9908544 8306841 1601703 57454951 57454951 105670686 INTERESTS IN PRIVATE EQUITY PARTNERSHIPS 16478878 F 16478878 LIABILITIES ASSOCIATED WITH SPLIT-INTERESTS AGREEMENTS 150679 LEASE OBLIGATIONS - OPERATING LEASES 5801972 5952651 X 47824606 7990148 759988 8750136 39074470 168867 -1525674 -1356807 37717663 28624655 759988 1525674 2285662 26338993 168867 168867 26507860 PART III, LINE 1A: THE MUSEUM'S COLLECTIONS COMPRISE MORE THAN 50,000 OBJECTS AND WORKS OF ART, INCLUDING WORKS OF EUROPEAN PAINTING AND SCULPTURE, AMERICAN PAINTING AND SCULPTURE, SILVER, ASIAN ART, NATIVE AMERICAN ART, PRE-COLUMBIAN ART, CAMEROON AND OTHER AFRICAN ART, CONTEMPORARY ART, SCULPTURE, PRINTS AND DRAWINGS, AND PHOTOGRAPHY. THE COLLECTIONS ARE MAINTAINED FOR PUBLIC EXHIBITION, EDUCATION, AND RESEARCH IN FURTHERANCE OF PUBLIC SERVICE, RATHER THAN FOR FINANCIAL GAIN. THE MUSEUM'S COLLECTIONS, ACQUIRED THROUGH PURCHASE AND DONATION, ARE NOT RECOGNIZED AS ASSETS IN THE ACCOMPANYING FINANCIAL STATEMENTS. PURCHASES OF COLLECTION ITEMS ARE RECORDED IN THE YEAR IN WHICH THE ITEMS WERE ACQUIRED AS DECREASES IN NET ASSETS WITH OR WITHOUT DONOR RESTRICTIONS, DEPENDING ON THE SOURCE OF THE ASSETS USED TO PURCHASE THE ITEMS AND WHETHER THOSE ASSETS WERE RESTRICTED BY DONORS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS. PURSUANT TO MUSEUM POLICY, PROCEEDS FROM THE SALE OF ART AND RELATED INSURANCE SETTLEMENTS ARE RECORDED AS NET ASSETS WITH DONOR RESTRICTIONS FOR THE ACQUISITION OF WORKS OF ART AND ARE NOT AVAILABLE FOR THE DIRECT CARE OF THE EXISTING COLLECTION. PART III, LINE 4: THE PERMANENT COLLECTION IS AT THE CORE OF THE MUSEUM'S MISSION TO COLLECT AND PRESERVE A VARIETY OF ART FOR THE ENRICHMENT OF PRESENT AND FUTURE GENERATIONS. DISPLAYED IN 112,000 SQUARE FEET OF GALLERIES, THE MUSEUM'S COLLECTION OF MORE THAN 50,000 OBJECTS REFLECTS THE HISTORY OF ART FROM ANCIENT TIMES TO TODAY. THE COLLECTION IS DISTINGUISHED FOR ITS HOLDINGS OF ARTS OF THE NATIVE PEOPLES OF NORTH AMERICA, ENGLISH SILVER, AND THE GRAPHIC ARTS. AN ACTIVE COLLECTING INSTITUTION, THE MUSEUM DEVOTES 90 PERCENT OF ITS GALLERIES TO THE PERMANENT COLLECTION. PART V, LINE 4: THE MUSEUM'S ENDOWMENTS ARE USED TO FUND CERTAIN CURATORIAL AND MANAGEMENT POSITIONS, TO PURCHASE, PRESERVE, AND DISPLAY SPECIFIC TYPES OF ART, TO SUPPORT EDUCATION AND THE MUSEUM'S CENTER FOR AN UNTOLD TOMORROW ACTIVITIES AND FOR THE UNRESTRICTED SUPPORT OF OVERALL MUSEUM OPERATIONS. PART X, LINE 2: CERTAIN OF THE MUSEUM'S EARNED REVENUE ACTIVITIES ARE NOT DIRECTLY RELATED TO ITS PUBLIC CHARITY STATUS AND, HENCE, ARE SUBJECT TO UNRELATED BUSINESS INCOME TAX. THE MUSEUM HAS ADOPTED THE RECOGNITION REQUIREMENTS FOR UNCERTAIN INCOME TAX POSITIONS, AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. THE MUSEUM HAS ANALYZED THE TAX POSITIONS TAKEN IN ITS FILINGS WITH THE INTERNAL REVENUE SERVICE AND STATE JURISDICTIONS WHERE IT OPERATES. THE MUSEUM BELIEVES THAT ITS INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE ORGANIZATION'S FINANCIAL CONDITION, RESULTS OF OPERATIONS, OR CASH FLOWS. ACCORDINGLY, THE MUSEUM HAS RECORDED NEITHER RESERVES NOR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT THE MUSEUM. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -416,346. RENTAL EXPENSES -1,109,328. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 416,346. RENTAL EXPENSES 1,109,328. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENT 6502865 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES VENICE BIENNALE EXHIBITION 1384920 0 0 0 0 0 0 7887785 0 7887785 0 0 1 1 0 0 X X X X X 1 COMMUNITY COUNSELING SERVICE CO LLC PO BOX 824885 PHILADELPHIA PA 19182 PROFESSIONAL FUNDRAISING SERVICES 0 0 94378 0 THE LUKENS COMPANY 330 N BRAND BLVD SUITE 820 GLENDALE CA 91203 PROFESSIONAL FUNDRAISING SERVICES 0 0 28771 0 123149 OR WA 1 SUSTAINABILITY LABS FELLOWS 6 15000 ARTIST IN RESIDENCE 3 5000 PART I, LINE 2: THE FUNDS AWARDED ARE FOR BEING A PARTICIPANT IN THE PROGRAMS AS OPPOSED TO A SPECIFIC PROJECT. BECAUSE OF THIS, THERE ARE NO STIPULATIONS ON THE FUNDS. X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 BRIAN J FERRISO EXECUTIVE DIRECTOR 439349 0 0 0 5212 0 113200 0 1444 0 559205 0 0 0 GARETH A NEVITT CHIEF FINANCIAL OFFICER 208597 0 8344 0 1109 0 8722 0 916 0 227688 0 0 0 KARIE BURCH DIRECTOR OF DEVELOPMENT 182317 0 0 0 2125 0 7424 0 7169 0 199035 0 0 0 JOHN GOODWIN DIRECTOR OF COMMUNITY PHILANTHROPY 157867 0 8900 0 2080 0 6939 0 7146 0 182932 0 0 0 AMY DOTSON DIR. OF PAM CUT & CURATOR 154623 0 7063 0 887 0 7092 0 7244 0 176909 0 0 0 DONALD D URQUHART DIR. OF COLLECTIONS & EXHIBITS 160198 0 1000 0 869 0 6756 0 7095 0 175918 0 0 0 MOHAMMED ALI DIR. OF RETAIL & CAMPUS OPS 147677 0 0 0 894 0 5230 0 685 0 154486 0 0 0 PART I, LINE 1A MEMBERSHIP IN THE ARLINGTON BUSINESS CLUB IS USED FOR ENTERTAINING AND BUSINESS DISCUSSIONS IN PORTLAND. MODEST TAX GROSS-UP FOR GIFT CARD. PART I, LINE 7 DISCRETIONARY BONUSES WERE AWARDED BY THE BOARD OF TRUSTEES. DOUBLE SCRUB LLC TWO MEMBERS OF THE BOARD OF DIRECTORS HAVE A CONTROLLING INTEREST 111400 THEATER SPACE LEASE 0 X 598 NOT REPORTED IN FS X 20 404578 QUOTED PRICES X SUPPLIES 5 18748 DONOR VALUATION X EVENT SUPPLIES 3 4045 DONOR VALUATION 16 0 1 1 PART I, COLUMN (B): THE NUMBER REPORTED IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. PART I, LINE 32B: THE ORGANIZATION USES AN ART AUCTIONEERING FIRM TO SELL CONTRIBUTED ART THAT WILL NOT BE ADDED TO THE PERMANENT COLLECTION. PART I, LINE 33: CONSISTENT WITH ITS ACCOUNTING POLICY RELATED TO ART CONTRIBUTED TO ITS ART COLLECTION, CONTRIBUTIONS OF COLLECTION ITEMS ARE NOT REPORTED AS REVENUES, AS DESCRIBED IN SCHEDULE D. FORM 990, PART III, LINE 2 VENICE BIENNALE - DURING 2024, THE PORTLAND ART MUSEUM AND SITE SANTA FE, IN COOPERATION WITH THE U.S. DEPARTMENT OF STATE'S BUREAU OF EDUCATIONAL AND CULTURAL AFFAIRS, WERE SELECTED TO PRESENT JEFFREY GIBSON AS THE REPRESENTATIVE FOR THE UNITED STATES AT THE 60TH INTERNATIONAL ART EXHIBITION OF LA BIENNALE DI VENEZIA (VENICE BIENNALE). ON VIEW APRIL 20 THROUGH NOVEMBER 24, 2024, "JEFFREY GIBSON: THE SPACE IN WHICH TO PLACE ME" PROVIDED INTERNATIONAL AUDIENCES WITH THE FIRST MAJOR OPPORTUNITY TO EXPERIENCE GIBSON'S WORK OUTSIDE OF THE U.S. FORM 990, PART VI, SECTION A, LINE 2 LAURA MEIER AND ALIX GOODMAN - FAMILY RELATIONSHIP LANA FINLEY AND RYAN FINLEY - FAMILY RELATIONSHIP WILLIAM WHITSELL AND HELEN JO WHITSELL - FAMILY RELATIONSHIP JANET GEARY AND SUZANNE GEARY - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM BASED ON INFORMATION PROVIDED BY MUSEUM STAFF. THE RETURN IS THEN REVIEWED BY SENIOR MANAGEMENT AND REVIEWED AND APPROVED BY THE FINANCE COMMITTEE OF THE BOARD. A COPY OF THE RETURN IS THEN GIVEN TO ALL BOARD MEMBERS BEFORE BEING SUBMITTED. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY ANNUALLY. STAFF ARE REQUIRED TO SIGN IT WHEN INITIALLY HIRED. THE GOVERNANCE COMMITTEE OF THE BOARD OF TRUSTEES IS IN CHARGE OF MONITORING ALL POTENTIAL CONFLICT OF INTERESTS. IF A CONFLICT OF INTEREST ARISES, THE INTEREST OF THE TRUSTEE IS PUT ON RECORD, AND THE TRUSTEE WILL BE EXCUSED DURING THE DISCUSSION OF THE MATTER, AS WELL AS THE VOTING PROCESS. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE EXECUTIVE DIRECTOR WAS DETERMINED BY THE COMPENSATION COMMITTEE AFTER CONSULTING COMPARABLE SALARY SURVEY INFORMATION PROVIDED BY THE HR DIRECTOR. THE DECISION WAS CONFIRMED BY THE EXECUTIVE COMMITTEE AND THE FULL BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE AS A DOWNLOADABLE PDF FILE ON THE MUSEUM'S WEBSITE OR IN HARD COPY UPON REQUEST. NO OTHER DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC. R2464 LOTS LLC 1219 SW PARK AVENUE PORTLAND OR 97205 LAND MANAGEMENT OR 325016 2061595 PORTLAND ART MUSEUM