2025-05-12T17:38:46-05:00 2024-06-30 911194016 CLARK NUBER PS 10900 NE 4TH STREET SUITE 1400 BELLEVUE WA 98004 990 2023-07-01 910640788 SEATTLE ART MUSEUM SEAT 2066543210 1300 FIRST AVENUE SEATTLE WA 981012003 CINDY BOLTON CHIEF FINANCIAL OFFICER 2066258900 2025-05-12 1 0 MEGAN R RYAN P00737884 4254544919 2025-05-12 2023 2025-03-06 01:10:19Z SCOTT STULEN 1300 FIRST AVENUE SEATTLE WA 981012003 98696972 0 X WWW.SEATTLEARTMUSEUM.ORG X 1917 WA TO PROMOTE AND CULTIVATE THE FINE ARTS. 65 65 446 299 139274 0 14899313 10761125 5171487 6097696 7108735 18557887 2806039 3457149 29985574 38873857 0 0 0 0 17516153 18749730 283260 293358 3071200 19344575 22573261 37143988 41616349 -7158414 -2742492 418444913 414023960 44209288 39782056 374235625 374241904 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 30498426 6955653 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. 30498426 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 1 291 0 446 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 65 65 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 WA AK AR CA CO CT FL HI KY ME MD MA MI NV NH NJ NY NC OH OK OR PA RI SC TN VA WI WV X X CINDY BOLTON 2066543210 1300 FIRST AVENUE SEATTLE WA 98101 CATHERINE ROCHE PRESIDENT 1.00 1.00 X X 0 0 0 CONSTANCE RICE CHAIR 1.00 1.00 X X 0 0 0 CARLA LEWIS PAST PRESIDENT 1.00 1.00 X X 0 0 0 STEWART LANDEFELD PAST CHAIR 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 PRESDIENT 1.00 1.00 X X 0 0 0 WINNIE STRATTON VICE PRESIDENT 1.00 1.00 X X 0 0 0 DOUG TRUE VICE PRESIDENT 1.00 1.00 X X 0 0 0 CHARLIE WRIGHT VICE PRESIDENT 1.00 1.00 X X 0 0 0 BERT VALDMAN TREASURER 1.00 1.00 X X 0 0 0 MAGGIE WALKER SECRETARY 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 CLIFF BURROWS 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 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 ROBERT KAPLAN TRUSTEE 1.00 1.00 X 0 0 0 BETH KETCHAM 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 SOYOUNG KWON 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 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 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 LISA WAHBE TRUSTEE 1.00 1.00 X 0 0 0 BRIAN WINEKE TRUSTEE 1.00 1.00 X 0 0 0 AMADA CRUZ HARMON ILLSLEY BALL NORDSTROM DIR. 30.00 10.00 X 386299 0 16603 KIMERLY HART ILLSLEY BALL NORDSTROM DIR. 30.00 10.00 X 175499 0 5303 CINDY BOLTON CHIEF FINANCIAL OFFICER 30.00 10.00 X 209687 0 15243 JEFFREY DRAEGER ILLSLEY BALL NORDSTROM DIR. & COO 40.00 0.00 X 205730 0 6518 CHRIS LANDMAN CHIEF DEVELOPMENT OFFICER 30.00 10.00 X 223250 0 15736 JOSE DIAZ SUSAN BROTMAN DEPUTY DIR. OF ART 40.00 0.00 X 215825 0 11587 MIKHAEL MEI WILLIAMS CHIEF MARKETING OFFICER 40.00 0.00 X 148769 0 13267 NICHOLAS DORMAN CHIEF CONSERVATOR 40.00 0.00 X 144610 0 13091 VIVIANA PITTA DIR. OF LEGAL AFFAIRS & COUNSEL 40.00 0.00 X 143094 0 5641 LAUREN MELLON DIRECTOR OF MUSEUM SERVICES 40.00 0.00 X 146611 0 12149 CRAIG BIG EAGLE DIRECTOR OF TECHNOLOGY 40.00 0.00 X 138705 0 8945 2138079 0 124083 19 0 1 0 ALLIED UNIVERSAL PO BOX 31001-2374 PASADENA CA 91110 SECURITY SERVICES 757862 SHOOBY DOO CATERING LLC PO BOX 1952 EDMONDS WA 98020 CATERING 393878 MUSEUM OF FINE ARTS BOSTON 465 HUNTINGTON DRIVE BOSTON MA 02115 EXHIBITION FEE EXPENSE 375000 DAVIS WRIGHT TREMAINE LLP PO BOX 7410478 CHICAGO IL 60674 LEGAL SERVICES 286908 ARTIFEX NORTHWEST 19102 DES MOINES MEMORIAL DRIVE SEATAC WA 98148 PROFESSIONAL SERVICES 262195 17 355176 4541546 889361 575875 4399167 536300 10761125 ADMISSIONS 712110 4910357 4910357 MEMBERSHIP DUES 900099 770869 770869 EDUCATIONAL PROGRAMS 611699 416470 416470 6097696 3212762 3212762 8153 8153 7859094 5408601 2450493 2450493 2450493 68431662 2445 53088982 0 15342680 2445 15345125 15345125 151075 889361 390795 -239720 -239720 4875 0 4875 4875 1874135 934737 939398 857957 81441 FOOD SVC COMMISSION 722320 204669 18118 186551 PARKING 812930 52953 39715 13238 REIMBURSEMENTS 900099 19212 19212 17116 17116 293950 38873857 6955653 139274 21017805 1621250 784682 554135 282433 14936216 11687440 1925673 1323103 -483052 -412002 -11152 -59898 1350475 1053874 154239 142362 1324841 1016546 187246 121049 349419 308945 40474 124805 124805 24085 24085 293358 293358 781174 781174 2996289 2632357 277347 86585 1000711 959725 1959 39027 2734958 1912368 413536 409054 89919 127 89792 7036182 4745762 2290420 322530 277810 6822 37898 92615 92615 4059740 3027518 1032222 1206244 1206244 EXHIBITIONS 786443 781423 289 4731 CATERING 617961 173203 53260 391498 ART ACCESSION 186118 186118 TAXES AND LICENSES 164068 156286 7782 41616349 30498426 8046723 3071200 21646453 16273036 3608571 6073585 6734417 4994927 758546 786549 22547685 22047232 493761 583514 1038654 1132304 177001402 93885557 86562660 83115845 111226119 113255113 77388675 83523508 21862058 21507588 64577314 60730759 418444913 414023960 2932971 3659208 1290162 1559884 4524116 4103008 35462039 30459956 44209288 39782056 X 150346075 144189736 223889550 230052168 374235625 374241904 418444913 414023960 X -2742492 2694700 54071 X 0 1 X 1 0 X 31098417 20343075 42312844 14899313 10761125 119414774 31098417 20343075 42312844 14899313 10761125 119414774 27824522 91590252 11251536 11280946 10772977 11073404 11080009 55458872 7419 7419 208597 342423 146582 245607 236117 1179326 176060391 25506860 0.52020 0.55340 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: PARKING GARAGE - 2019 AMOUNT: $ 17,038. 2020 AMOUNT: $ 4,341. 2021 AMOUNT: $ 12,460. 2022 AMOUNT: $ 11,165. 2023 AMOUNT: $ 13,238. REIMBURSEMENTS - 2019 AMOUNT: $ 85,553. 2020 AMOUNT: $ 51,442. 2021 AMOUNT: $ 61,355. 2022 AMOUNT: $ 17,033. 2023 AMOUNT: $ 19,212. MISCELLANEOUS - 2019 AMOUNT: $ 23,261. 2020 AMOUNT: $ 17,068. 2021 AMOUNT: $ 2,680. 2022 AMOUNT: $ 7,750. 2023 AMOUNT: $ 17,116. FOOD SVC COMMISSION - 2019 AMOUNT: $ 82,745. 2020 AMOUNT: $ 69,572. 2021 AMOUNT: $ 70,087. 2022 AMOUNT: $ 209,659. 2023 AMOUNT: $ 186,551. TEMP USE OF AIRSPACE - 2020 AMOUNT: $ 200,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24085 24085 48007010 48031095 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 24082 24086 24107 24085 96360 250000 250000 250000 250000 1000000 1500000 X X X X 0 194853598 80874 19601534 10336518 781165 203418323 193081498 12179288 9461757 945431 194853598 202149814 7391106 -6842159 8558284 1058979 193081498 150800827 12225541 47934447 8155182 655819 202149814 144136322 14956176 218808 7859497 650982 150800827 0.00000 1.00000 0.00000 0 0 17797741 17797741 73138286 32143068 40995218 22977038 9796250 13180788 23729220 18094161 5635059 39359117 33852078 5507039 83115845 EMERGING MARKETS 11563388 F PRIVATE EQUITY 410880 F MARKETABLE ALTERNATIVES 66182106 F REAL ASSETS 5367134 F 83523508 SAM-SAAM RENOVATION, LLC 21507588 F 21507588 OPERATING LEASE RIGHT-OF-USE ASSET 595000 INCENTIVE TO LESSEE 2713985 DEFERRED FACILITY RENTAL 7926135 FUNDS HELD IN TRUST BY OTHERS 12093775 FINANCE LEASE RIGHT-OF-USE ASSET 37401864 60730759 PENSION LIABILITY 455014 FINANCE LEASE LIABILITY 30004942 30459956 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 6593659 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 539589 0 0 0 0 0 0 7133248 0 7133248 1 0 0 1 1 0 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 293358 -293358 293358 -293358 WA AK AR CA CO FL HI KY LA ME MD MA MI MO NV NH NJ NY NC OH OK OR PA RI SC TN VA WV WI PARTY IN THE PARK 632781 561981 70800 141482 27044 103493 SPRING INTO ART 260200 233075 27125 48191 5931 2 147455 94305 53150 61524 3130 1040436 889361 151075 251197 27044 112554 390795 -239720 X X X X 0 0 0 0 0 0 0 1 0 AMADA CRUZ HARMON ILLSLEY BALL NORDSTROM DIR. 333499 0 52800 0 0 0 9900 0 6703 0 402902 0 0 0 CHRIS LANDMAN CHIEF DEVELOPMENT OFFICER 223250 0 0 0 0 0 7724 0 8012 0 238986 0 0 0 JOSE DIAZ SUSAN BROTMAN DEPUTY DIR. OF ART 215825 0 0 0 0 0 3600 0 7987 0 227412 0 0 0 CINDY BOLTON CHIEF FINANCIAL OFFICER 209687 0 0 0 0 0 7253 0 7990 0 224930 0 0 0 JEFFREY DRAEGER ILLSLEY BALL NORDSTROM DIR. & COO 205730 0 0 0 0 0 5308 0 1210 0 212248 0 0 0 KIMERLY HART ILLSLEY BALL NORDSTROM DIR. 167499 0 8000 0 0 0 5303 0 0 0 180802 0 0 0 MIKHAEL MEI WILLIAMS CHIEF MARKETING OFFICER 148769 0 0 0 0 0 5405 0 7862 0 162036 0 0 0 LAUREN MELLON DIRECTOR OF MUSEUM SERVICES 146611 0 0 0 0 0 4398 0 7751 0 158760 0 0 0 NICHOLAS DORMAN CHIEF CONSERVATOR 144610 0 0 0 0 0 5246 0 7845 0 157701 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 185 0 N/A X 38 484448 FAIR MARKET VALUE X BEVERAGES 1 51852 FAIR MARKET VALUE 4 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 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. BETH KETCHEM AND JANET KETCHAM HAVE A FAMILY RELATIONSHIP. JANET KETCHAM AND SYLVIA KETCHAM 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 2024. 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 54,071. 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 -1151591 19106133 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 825006 COST SAM BUILDING LANDLORD LLC D 22047232 COST SAAM BUILDING MASTER TENANT LLC K 1683013 COST