2024-05-09T15:43:38-05:00 2023-06-30 911194016 CLARK NUBER PS 10900 NE 4TH STREET SUITE 1400 BELLEVUE WA 98004 990 2022-07-01 910640788 SEATTLE ART MUSEUM SEAT 2066258900 1300 FIRST AVENUE SEATTLE WA 981012003 CINDY BOLTON CFO 2066258900 2024-05-08 1 CINDY BOLTON 999009999 0 MEGAN R RYAN P00737884 4254544919 2024-05-08 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JEFF DRAEGER 1300 FIRST AVENUE SEATTLE WA 981012003 99781511 0 X WWW.SEATTLEARTMUSEUM.ORG X 1917 WA TO PROMOTE AND CULTIVATE THE FINE ARTS. 62 62 380 290 103867 0 42312844 14899313 4369475 5171487 16362479 7108735 4136412 2806039 67181210 29985574 0 0 0 0 14933467 17516153 215570 283260 2650269 40397073 19344575 55546110 37143988 11635100 -7158414 381105952 418444913 11307192 44209288 369798760 374235625 X FOUNDED IN 1917, THE SEATTLE ART MUSEUM (SAM) CONNECTS ART TO LIFE. AS THE LEADING VISUAL ART INSTITUTION IN THE PACIFIC NORTHWEST, SAM DRAWS ON ITS GLOBAL COLLECTIONS, POWERFUL SPECIAL EXHIBITIONS, NUMEROUS INSTALLATIONS, AND DYNAMIC PROGRAMS TO FULFILL ITS IMPORTANT ROLE AS A CULTURAL AND EDUCATIONAL RESOURCE BENEFITTING THE SEATTLE REGION, THE PACIFIC NORTHWEST, AND BEYOND. FROM A STRONG FOUNDATION OF ASIAN ART TO NOTEWORTHY COLLECTIONS OF AFRICAN AND OCEANIC ART, NORTHWEST COAST NATIVE AMERICAN ART, EUROPEAN AND AMERICAN ART, AND MODERN AND CONTEMPORARY ART, THE STRENGTH OF SAM'S COLLECTION OF APPROXIMATELY 25,000 OBJECTS LIES IN ITS DIVERSITY OF MEDIA, CULTURES, AND TIME PERIODS. WITH THREE LOCATIONS (SEATTLE ART MUSEUM, OLYMPIC SCULPTURE PARK, SEATTLE ASIAN ART MUSEUM), SAM HARNESSES THE POWER OF ART TO ENRICH LIVES AND ENGAGE DIVERSE COMMUNITIES, INCLUDING HUNDREDS OF THOUSANDS OF VISITORS, AS WELL AS THOUSANDS OF SEATTLE-AREA STUDENTS. 0 0 27388295 5696255 MUSEUM SERVICES: PROVIDING A PUBLIC ART MUSEUM INCLUDING THE ACCESSION OF ART OBJECTS AS WELL AS PUBLIC ART EXHIBITIONS AND ART EDUCATION FOR THE GENERAL PUBLIC. MUSEUM PATRONS VISITED THIS YEAR AT THREE DIFFERENT SEATTLE LOCATIONS - THE SEATTLE ART MUSEUM, THE OLYMPIC SCULPTURE PARK AND THE ASIAN ART MUSEUM. 27388295 1 1 0 1 0 0 0 1 0 1 1 1 1 1 1 0 0 1 0 0 1 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 587 0 380 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 62 62 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 WA AK AR CO CT HI KY ME NV NJ NY OH OK PA RI SC TN VA WI X X CINDY BOLTON 2066258900 1300 FIRST AVENUE SEATTLE WA 98101 CONSTANCE RICE CHAIR 1.00 1.00 X X 0 0 0 CARLA LEWIS PRESIDENT 1.00 1.00 X X 0 0 0 MAGGIE WALKER SECRETARY 1.00 1.00 X X 0 0 0 BERT VALDMAN TREASURER 1.00 1.00 X X 0 0 0 SUSAN BROTMAN VICE PRESIDENT 1.00 1.00 X X 0 0 0 JON SHIRLEY VICE PRESIDENT 1.00 1.00 X X 0 0 0 DOUGLAS TRUE VICE PRESIDENT 1.00 1.00 X X 0 0 0 CHARLES WRIGHT VICE PRESIDENT 1.00 1.00 X X 0 0 0 STEWART LANDEFELD PAST CHAIR 1.00 1.00 X X 0 0 0 WINNIE STRATTON PAST PRESIDENT 1.00 1.00 X X 0 0 0 MARGARET ALLISON TRUSTEE 1.00 1.00 X 0 0 0 RYAN ARAI TRUSTEE 1.00 1.00 X 0 0 0 CHERRY MCGEE BANKS TRUSTEE 1.00 1.00 X 0 0 0 WATSON BLAIR TRUSTEE 1.00 1.00 X 0 0 0 BRUCE BLUME TRUSTEE 1.00 1.00 X 0 0 0 LISA CAPUTO TRUSTEE 1.00 1.00 X 0 0 0 MICHAEL CONWAY TRUSTEE 1.00 1.00 X 0 0 0 MICHAEL CORLISS TRUSTEE 1.00 1.00 X 0 0 0 MARC COSENTINO TRUSTEE 1.00 1.00 X 0 0 0 SHELIA EDWARDS LANGE TRUSTEE 1.00 1.00 X 0 0 0 ROBERT KAPLAN TRUSTEE 1.00 1.00 X 0 0 0 JANET KETCHAM TRUSTEE 1.00 1.00 X 0 0 0 SYLVIA KETCHAM TRUSTEE 1.00 1.00 X 0 0 0 NAJMA LALJI TRUSTEE 1.00 1.00 X 0 0 0 FLORA LING TRUSTEE 1.00 1.00 X 0 0 0 GARY LOCKE TRUSTEE 1.00 1.00 X 0 0 0 BARBARA MALONE TRUSTEE 1.00 1.00 X 0 0 0 MAREN MONSEN TRUSTEE 1.00 1.00 X 0 0 0 SCOTT MORRIS TRUSTEE 1.00 1.00 X 0 0 0 JULI FARRIS TRUSTEE 1.00 1.00 X 0 0 0 JOHN FRANK TRUSTEE 1.00 1.00 X 0 0 0 LISA GOODMAN TRUSTEE 1.00 1.00 X 0 0 0 MARI HORITA TRUSTEE 1.00 1.00 X 0 0 0 FELIX HUANG TRUSTEE 1.00 1.00 X 0 0 0 FALONA JOY TRUSTEE 1.00 1.00 X 0 0 0 CHARLES NOLAN TRUSTEE 1.00 1.00 X 0 0 0 LINDA NORDSTROM TRUSTEE 1.00 1.00 X 0 0 0 SALLY NORDSTROM TRUSTEE 1.00 1.00 X 0 0 0 MICHAEL PARHAM TRUSTEE 1.00 1.00 X 0 0 0 HWA PARK TRUSTEE 1.00 1.00 X 0 0 0 SANJAY PARTHASARATHY TRUSTEE 1.00 1.00 X 0 0 0 EDUARDO PENALVER TRUSTEE 1.00 1.00 X 0 0 0 STEVE PHELPS TRUSTEE 1.00 1.00 X 0 0 0 MALA RAMAN TRUSTEE 1.00 1.00 X 0 0 0 YUCCA RIESCHEL TRUSTEE 1.00 1.00 X 0 0 0 CATHERINE ROCHE TRUSTEE 1.00 1.00 X 0 0 0 LEE ROLFE TRUSTEE 1.00 1.00 X 0 0 0 FAYE SARKOWSKY TRUSTEE 1.00 1.00 X 0 0 0 STAN SAVAGE TRUSTEE 1.00 1.00 X 0 0 0 LAURA SELIPSKY TRUSTEE 1.00 1.00 X 0 0 0 ROBERTA SHERMAN TRUSTEE 1.00 1.00 X 0 0 0 KIM RICHTER SHIRLEY TRUSTEE 1.00 1.00 X 0 0 0 MARY SNAPP TRUSTEE 1.00 1.00 X 0 0 0 DENISE STIFFARM TRUSTEE 1.00 1.00 X 0 0 0 ROBERT STRONG TRUSTEE 1.00 1.00 X 0 0 0 INA TATEUCHI TRUSTEE 1.00 1.00 X 0 0 0 LYNN THOMSEN TRUSTEE 1.00 1.00 X 0 0 0 ANDREA THORESON TRUSTEE 1.00 1.00 X 0 0 0 BRANDON VAUGHAN TRUSTEE 1.00 1.00 X 0 0 0 MANDIRA VIRMANI TRUSTEE 1.00 1.00 X 0 0 0 HUONG VU TRUSTEE 1.00 1.00 X 0 0 0 BRIAN WINEKE TRUSTEE 1.00 1.00 X 0 0 0 CLIFF BURROWS TRUSTEE (PART YEAR) 1.00 1.00 X 0 0 0 ALEX CEBALLOS TRUSTEE (PART YEAR) 1.00 1.00 X 0 0 0 GURSHARAN SIDHU TRUSTEE (PART YEAR) 1.00 1.00 X 0 0 0 SAM WHITING TRUSTEE (PART YEAR) 1.00 1.00 X 0 0 0 AMADA CRUZ ILLSEY BALL NORDSTROM DIRECTOR 30.00 10.00 X 482771 0 8581 CYNTHIA BOLTON CHIEF FINANCIAL OFFICER 30.00 10.00 X 211210 0 11026 CHRIS LANDMAN CHIEF DEVELOPMENT OFFICER 30.00 10.00 X 210560 0 11245 JEFF DRAEGER CHIEF OPERATING OFFICER 30.00 10.00 X 177173 0 730 MIKHAEL MEI WILLIAMS CHIEF MARKETING OFFICER 40.00 0.00 X 172080 0 9964 NICHOLAS DORMAN CHIEF CONSERVATOR 40.00 0.00 X 161188 0 9963 LAUREN MELLON DIRECTOR OF MUSEUM SERVICES 40.00 0.00 X 132918 0 9456 KATHLEEN MAKI DIRECTOR OF HUMAN RESOURCES 40.00 0.00 X 132258 0 9317 JASON PORTER DIRECTOR OF EDUCATION 40.00 0.00 X 127322 0 9008 1807480 0 79290 15 0 1 0 ALLIED UNIVERSAL EIGHT TOWER BRG 161 WASHINGTON ST CONSHOHOCKEN PA 98134 SECURITY SERVICES 690208 TEST EQUIPMENT DISTRIBUTERS PO BOX 675183 DETROIT MI 48267 PROF SERVICE FOR MICROSCOPE (CAPITAL) 513259 CONVERGINT TECHNOLOGIES 35257 EAGLE WAY CHICAGO IL 60678 MAINTENANCE AND REPAIR 407646 FOUNDATION ALBERTO ET ANNETTE 3 BIS COUR DE ROHAN PARIS FRANCE FR F-75 006 EXHIBITION EXPENSE 406305 DAVIS WRIGHT TREMAINE LLP PO BOX 7410478 CHICAGO IL 60674 LEGAL SERVICES 339313 17 4220484 897629 1239243 8541957 434227 14899313 ADMISSIONS 712110 4015962 4015962 MEMBERSHIP DUES 900099 722283 722283 EDUCATIONAL PROGRAMS 611699 433242 433242 5171487 3447543 3447543 4077 4077 7621784 5522706 2099078 2099078 2099078 66935590 5960 63280358 0 3655232 5960 3661192 5960 3655232 103201 897629 277059 -173858 -173858 8460 0 8460 8460 1298527 715814 582713 518808 63905 FOOD SVC COMMISSION 722320 216126 6467 209659 PARKING 812930 44660 33495 11165 REIMBURSEMENTS 900099 17033 17033 7750 7750 285569 29985574 5696255 103867 9286139 1306485 527373 502405 276707 13854303 10901228 1739714 1213361 -134387 -187703 80063 -26747 1293510 1023880 142828 126802 1196242 916048 167636 112558 336308 326223 10085 132319 132319 24107 24107 283260 283260 595300 595300 1514361 1375583 114856 23922 681002 667642 3018 10342 2005274 1353564 306306 345404 86266 1011 82992 2263 6644892 4537513 2107379 193475 158187 3397 31891 90916 90916 3811542 2864585 946957 1086360 1086360 EXHIBITIONS 1255691 1203897 21113 30681 ART ACCESSION 369395 369395 CATERING 364108 115824 28459 219825 TAXES AND LICENSES 153259 147685 5574 37143988 27388295 7105424 2650269 23097778 21646453 4508823 3608571 7006774 6734417 614902 758546 23030282 22547685 493945 493761 1347228 1038654 177327382 90764722 89832106 86562660 105512373 111226119 78573752 77388675 22228947 21862058 24859042 64577314 381105952 418444913 2299598 2932971 1845162 1290162 5520457 4524116 1641975 35462039 11307192 44209288 X 149550969 150346075 220247791 223889550 369798760 374235625 381105952 418444913 X -7158414 6314206 5281073 X 0 1 X 1 0 X 20792089 31098417 20343075 42312844 14899313 129445738 20792089 31098417 20343075 42312844 14899313 129445738 26531980 102913758 10046599 11251536 11280946 10772977 11073404 54425462 7419 7419 1128683 208597 342423 146582 245607 2071892 185950511 22968144 0.55340 0.61250 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: PARKING GARAGE - 2018 AMOUNT: $ 20,998. 2019 AMOUNT: $ 17,038. 2020 AMOUNT: $ 4,341. 2021 AMOUNT: $ 12,460. 2022 AMOUNT: $ 11,165. REIMBURSEMENTS - 2018 AMOUNT: $ 72,284. 2019 AMOUNT: $ 85,553. 2020 AMOUNT: $ 51,442. 2021 AMOUNT: $ 61,355. 2022 AMOUNT: $ 17,033. MISCELLANEOUS - 2018 AMOUNT: $ 23,446. 2019 AMOUNT: $ 23,261. 2020 AMOUNT: $ 17,068. 2021 AMOUNT: $ 2,680. 2022 AMOUNT: $ 7,750. FOOD SVC COMMISSION - 2018 AMOUNT: $ 20,141. 2019 AMOUNT: $ 82,745. 2020 AMOUNT: $ 69,572. 2021 AMOUNT: $ 70,087. 2022 AMOUNT: $ 209,659. TEMP USE OF AIRSPACE - 2020 AMOUNT: $ 200,000. TDR SALES - 2018 AMOUNT: $ 991,814. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24107 24107 43352193 43376300 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 24082 24082 24086 24107 96357 250000 250000 250000 250000 1000000 1500000 X X X X 0 193081498 12179288 9461757 945431 194853598 202149814 7391106 -6842159 8558284 1058979 193081498 150800827 12225541 47934447 8155182 655819 202149814 144136322 14956176 218808 7859497 650982 150800827 138141091 8010573 5440834 6973737 482439 144136322 0.00000 1.00000 0.00000 0 0 17797741 17797741 72109243 30137912 41971331 22977038 9220541 13756497 24918880 19538057 5380823 39524480 31868212 7656268 86562660 EMERGING MARKETS 11328104 F PRIVATE EQUITY 535269 F MARKETABLE ALTERNATIVES 60718455 F REAL ASSETS 4806847 F 77388675 SAM-SAAM RENOVATION, LLC 21862058 F 21862058 OPERATING LEASE RIGHT-OF-USE ASSET 599666 INCENTIVE TO LESSEE 3107635 DEFERRED FACILITY RENTAL 9072077 FUNDS HELD IN TRUST BY OTHERS 11465892 FINANCE LEASE RIGHT-OF-USE ASSET 40332044 64577314 PENSION LIABILITY 1246473 FINANCE LEASE LIABILITY 34215566 35462039 PART III, LINE 1A: ART OBJECTS ARE EXPENSED WHEN PURCHASED AND THEREFORE, ARE NOT SHOWN AS ASSETS ON THE CONSOLIDATED BALANCE SHEET. ART OBJECTS PLEDGED OR DONATED TO THE MUSEUM ARE NOT RECORDED FOR FINANCIAL ACCOUNTING PURPOSES AND, ACCORDINGLY, ARE NOT INCLUDED AS CONTRIBUTED REVENUE IN THE CONSOLIDATED STATEMENT OF ACTIVITIES OR AS RECEIVABLES ON THE CONSOLIDATED BALANCE SHEET. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED IN THE CONSOLIDATED STATEMENT OF ACTIVITIES BASED ON THE EXISTENCE AND NATURE OF DONOR IMPOSED RESTRICTIONS. THE MUSEUM'S POLICY IS TO USE PROCEEDS FROM DEACCESSIONED COLLECTION ITEMS FOR ACQUISITIONS OF NEW COLLECTION ITEMS AND THE DIRECT CARE OF EXISTING COLLECTIONS. PART III, LINE 4: THE MUSEUM'S COLLECTION OF PAINTINGS, SCULPTURES, AND OTHER WORKS OF ART PROMOTE AND CULTIVATE THE FINE ARTS THROUGH PUBLIC EXHIBITION, EDUCATIONAL PROGRAMMING, AND SCHOLARLY RESEARCH. PART V, LINE 4: TO SUPPORT EXHIBITIONS, ART EDUCATION, ART ACQUISITIONS AND GENERAL OPERATIONS. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 6561049 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES EXHIBITION DEVELOPMENT 7489 0 0 0 0 0 0 6568538 0 6568538 1 0 0 1 1 0 PART III ACCOUNTING METHOD: X X X X X X X 1 THE LUKENS COMPANY 2800 SHIRLINGTON ROAD 9TH FLOOR ARLINGTON VA 22206 DIRECT MAIL, ONLINE AND E-MAIL MEMBERSHIP CAMPAIGNS 0 0 283260 -283260 283260 -283260 WA AK AR CO CT HI KY ME NV NJ NY OH OK PA RI SC TN VA WI EMERALD PARTY 668155 599155 69000 92687 61761 4222 SPRING INTO ART 202025 183799 18226 24180 7206 2 130650 114675 15975 57207 29796 1000830 897629 103201 174074 61761 41224 277059 -173858 X X X X 0 0 0 0 0 0 0 1 0 AMADA CRUZ ILLSEY BALL NORDSTROM DIRECTOR 429971 0 52800 0 0 0 966 0 7615 0 491352 0 0 0 CYNTHIA BOLTON CHIEF FINANCIAL OFFICER 211210 0 0 0 0 0 3525 0 7501 0 222236 0 0 0 CHRIS LANDMAN CHIEF DEVELOPMENT OFFICER 210560 0 0 0 0 0 3750 0 7495 0 221805 0 0 0 MIKHAEL MEI WILLIAMS CHIEF MARKETING OFFICER 172080 0 0 0 0 0 2560 0 7404 0 182044 0 0 0 JEFF DRAEGER CHIEF OPERATING OFFICER 177173 0 0 0 0 0 0 0 730 0 177903 0 0 0 NICHOLAS DORMAN CHIEF CONSERVATOR 161188 0 0 0 0 0 2572 0 7391 0 171151 0 0 0 PART I, LINE 7 THE CEO RECEIVES AN ANNUAL BONUS NOT TO EXCEED 15% OF BASE PAY, AT THE DISCRETION OF THE BOARD. X 418 0 N/A X 0 N/A X 65 389253 FAIR MARKET VALUE X BEVERAGES 1 44974 FAIR MARKET VALUE 7 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. PART I, LINE 33: NO REVENUE REPORTED PER FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION 958-360-25. GIFTS OF ART AND BOOKS TO THE MUSEUM'S SPECIAL COLLECTION ARE NOT CAPITALIZED OR RECORDED FOR FINANCIAL ACCOUNTING PURPOSES AND, ACCORDINGLY, ARE NOT INCLUDED AS CONTRIBUTED REVENUE IN THE STATEMENT OF ACTIVITIES OR AS RECEIVABLES ON THE BALANCE SHEET. FORM 990, PART I, LINE 6: VOLUNTEERS PROVIDE CUSTOMER SERVICE, SUPPORTING ADMINISTRATIVE TASKS AND WORK WITH SPECIFIC AUDIENCES TO FACILITATE ART EXPERIENCES. ALL BOARD MEMBERS ARE ALSO VOLUNTEERS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIR, THE PRESIDENT, EACH VICE PRESIDENT, THE SECRETARY, THE TREASURER, THE IMMEDIATE PAST CHAIR, THE IMMEDIATE PAST PRESIDENT, EACH STANDING COMMITTEE CHAIR AND OTHER AT-LARGE MEMBERS OF THE BOARD OF TRUSTEES, RECOMMENDED BY THE PRESIDENT AND APPOINTED BY THE BOARD. THE TOTAL MEMBERSHIP OF THE EXECUTIVE COMMITTEE IS NO LESS THAN SEVEN (7) NOR MORE THAN TWENTY (20) MEMBERS. THE EXECUTIVE COMMITTEE HAS ALL OF THE POWERS OF THE BOARD OF TRUSTEES BETWEEN BOARD MEETINGS SUBJECT TO THE LIMITATIONS SET FORTH IN THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 2 JON SHIRLEY AND KIM RICHTER SHIRLEY HAVE A FAMILY RELATIONSHIP. ANN P. WYCKOFF AND MARTHA WYCKOFF HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE MUSEUM'S BOARD HAS ENTRUSTED THE AUDIT COMMITTEE WITH REVIEWING THE DRAFT FORM 990 IN DETAIL. DUE TO THE SIZE AND COMPLEXITY OF THE ORGANIZATION'S BOARD, A COPY OF THE RETURN IS NOT PROVIDED TO EACH BOARD MEMBER BEFORE FILING; HOWEVER, EACH BOARD MEMBER IS NOTIFIED THAT HE OR SHE CAN REVIEW A COPY OF THE RETURN IF INTERESTED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY APPLIES TO BOARD MEMBERS. A DETERMINATION OF WHETHER A CONFLICT OF INTEREST EXISTS IS MADE BY THE BOARD'S AUDIT COMMITTEE IN CONJUNCTION WITH THE MUSEUM'S SENIOR MANAGEMENT TEAM. WHEN AN ACTUAL CONFLICT IS DETERMINED TO EXIST, THE SPECIFICS OF THE CONFLICT ARE REVIEWED BY THE AUDIT COMMITTEE OR SENIOR MANAGEMENT TEAM. ANYONE WITH A CONFLICT OF INTEREST MUST RECUSE THEMSELVES FROM DISCUSSION AND THE DECISION MAKING PROCESS IN WHATEVER CAPACITY THEY MAY HAVE AUTHORITY OVER THE DECISION. IF THE CONFLICTED INDIVIDUAL IS A VOTING MEMBER OF THE BOARD, THEY WILL RECUSE THEMSELVES FROM DISCUSSION AND VOTING ON MATTERS WHERE THEY ARE CONFLICTED. FORM 990, PART VI, SECTION B, LINE 15A THE MUSEUM'S COMPENSATION COMMITTEE, A SUBSET OF THE BOARD OF DIRECTORS, IS RESPONSIBLE FOR THE SETTING OF AND ANNUAL REVIEW OF THE ILLSLEY BALL NORDSTROM DIRECTOR AND CEO'S COMPENSATION. THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES ANNUALLY REVIEWS THE COMPENSATION OF THE ILLSLEY BALL NORDSTROM DIRECTOR AND CEO AND USES COMPENSATION SURVEY DATA. THE ANNUAL BUDGET INCLUDING THIS ARRANGEMENT IS THEN APPROVED BY THE ENTIRE BOARD BASED ON RECOMMENDATIONS FROM THE EXECUTIVE COMMITTEE. THERE IS CONTEMPORANEOUS SUBSTANTIATION OF THIS DELIBERATION AND DECISION. GENERALLY, THE ILLSLEY BALL NORDSTROM DIRECTOR AND CEO DETERMINES THE SALARY FOR THE CHIEF OPERATING OFFICER, CHIEF FINANCIAL OFFICER, AND THE CHIEF DEVELOPMENT OFFICER. THE LAST COMPENSATION REVIEW OCCURRED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE MOST RECENT AUDITED FINANCIAL STATEMENTS AND TAX RETURN ARE ALSO AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XI, LINE 9: REVERSAL OF PRIOR YEAR PLEDGE LOSS 8,719. OPERATING LEASE TO FINANCING LEASE ADJUSTMENT 5,272,354. SAAM BUILDING MASTER TENANT LLC 1300 1ST AVENUE SEATTLE WA 98101 320549913 REAL ESTATE WA N/A 0 0 SAM BUILDING LANDLORD LLC 1300 1ST AVENUE SEATTLE WA 98101 371877275 REAL ESTATE WA N/A 0 0 SAM-SAAM RENOVATION LLC 1300 1ST AVENUE SEATTLE WA 98101 371876275 HOLDING COMPANY WA SEATTLE ART MUSEUM C -1164009 20261089 1.00000 1 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 SAM BUILDING LANDLORD LLC S 843192 COST SAM BUILDING LANDLORD LLC D 22547685 COST SAAM BUILDING MASTER TENANT LLC K 1683013 COST