2022-08-15T16:55:48-05:00 2021-09-30 410746749 CLIFTONLARSONALLEN LLP 20 EAST THOMAS ROAD SUITE 2300 PHOENIX AZ 85012 990 2020-10-01 860107517 THE HEARD MUSEUM HEAR 6022528840 2301 N CENTRAL AVE PHOENIX AZ 85004 DAVID ROCHE DIRECTOR AND CEO 6022528840 2022-08-15 1 DAVID ROCHE 999009999 JACQUELINE ECKMAN P01300648 6022662248 2022-08-15 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DAVID ROCHE 2301 N CENTRAL AVE PHOENIX AZ 85004 15174830 0 X WWW.HEARD.ORG X 1929 AZ TO BE THE WORLD'S PREEMINENT MUSEUM FOR THE PRESENTATION, INTERPRETATION AND ADVANCEMENT OF AMERICAN INDIAN ART, EMPHASIZING ITS INTERSECTION WITH BROADER ARTISTIC AND CULTURAL THEMES. 37 37 111 391 0 0 5972794 11316167 1473069 1591557 1392544 178515 1157538 1033886 9995945 14120125 0 0 0 0 3978775 3675102 0 0 634002 5002599 4200617 8981374 7875719 1014571 6244406 26854068 36442009 2244771 4333292 24609297 32108717 X THE MISSION OF THE HEARD MUSEUM IS TO BE THE WORLD'S PREEMINENT MUSEUM FOR THE PRESENTATION, INTERPRETATION AND ADVANCEMENT OF AMERICAN INDIAN ART, EMPHASIZING ITS INTERSECTION WITH BROADER ARTISTIC AND CULTURAL THEMES. 0 0 5139808 0 2632342 SEE SCHEDULE O. 5139808 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 28 0 111 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 37 37 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X DAVID ROCHE 6022528840 2301 N CENTRAL AVE PHOENIX AZ 85004 WICK PILCHER CHAIR 4.00 X X 0 0 0 JOHN LOMAX VICE CHAIR 4.00 X X 0 0 0 KAREN ABRAHAM TREASURER 4.00 X X 0 0 0 JIM HUNTWORK SECRETARY 4.00 X X 0 0 0 LELAND W PETERSON TRUSTEE 1.00 X 0 0 0 JANE PRZESLICA TRUSTEE 1.00 X 0 0 0 GREGORY BOYCE TRUSTEE 1.00 X 0 0 0 CRAIG COHEN MD TRUSTEE 1.00 X 0 0 0 ADRIAN COHEN TRUSTEE 1.00 X 0 0 0 GINGER SYKES TORRES TRUSTEE 1.00 X 0 0 0 MARGO SIMONS TRUSTEE 1.00 X 0 0 0 NADINE BASHA TRUSTEE 1.00 X 0 0 0 SHARRON LEWIS TRUSTEE 1.00 X 0 0 0 DAVID HANSEN TRUSTEE 1.00 X 0 0 0 ROBERT A COWIE TRUSTEE 1.00 X 0 0 0 JOHN MELAMED TRUSTEE 1.00 X 0 0 0 SUSAN H NAVRAN TRUSTEE 1.00 X 0 0 0 JOHN FURTH TRUSTEE 1.00 X 0 0 0 SCOTT MONTGOMERY TRUSTEE 1.00 X 0 0 0 STEPHEN R LEWIS TRUSTEE 1.00 X 0 0 0 SUSAN CHANDLER TRUSTEE 1.00 X 0 0 0 ROBERT MEYER TRUSTEE 1.00 X 0 0 0 TRUDY WIESENBERGER TRUSTEE 1.00 X 0 0 0 JUDY DWORKIN TRUSTEE 1.00 X 0 0 0 SCOTT H O'CONNOR TRUSTEE 1.00 X 0 0 0 DON SMITH TRUSTEE 1.00 X 0 0 0 CHRISTY VEZOLLES TRUSTEE 1.00 X 0 0 0 DAVID WILSHIN TRUSTEE 1.00 X 0 0 0 JANIS LYON TRUSTEE 1.00 X 0 0 0 JOHN COGGINS TRUSTEE 1.00 X 0 0 0 JOHN GRAHAM TRUSTEE 1.00 X 0 0 0 MARIGOLD LINTON TRUSTEE 1.00 X 0 0 0 ELIZABETH MURFEE DECONCINI TRUSTEE 1.00 X 0 0 0 WILLIAM RIDENOUR TRUSTEE 1.00 X 0 0 0 TONY ASTORGA TRUSTEE 1.00 X 0 0 0 ARLENE K BEN-HORIN TRUSTEE 1.00 X 0 0 0 TREVOR REED TRUSTEE 1.00 X 0 0 0 DAVID ROCHE DIRECTOR AND CEO 40.00 X 307787 0 6459 JOHN BULLA COO 40.00 X 204134 0 6459 CAROL FORD CFO (RESIGNED 09/21) 40.00 X 74028 0 6459 DANIEL HAGERTY DIRECTOR STRATEGIC DEVELOPMENT 40.00 X 162307 0 11717 748256 0 31094 3 0 1 0 PRO EM LLC 1450 E GRANT STREET PHOENIX AZ 85034 EVENT MANAGEMENT SERVICES 129348 LANE TERRALEVER 645 E MISSOURI AVE PHOENIX AZ 85012 ADVERTISING AGENCY AND SERVICES 122462 NEUBERGER BERMAN 1290 AVENUE OF THE AMERICAS NEW YORK NY 10104 INVESTMENT ADVISORY SERVICES 104073 3 843781 45610 1188209 9238567 107157 11316167 MEMBERSHIP DUES 900099 886745 886745 ADMISSIONS 611710 569642 569642 PRIVATE USE FEES 721000 80012 80012 FAIR INCOME 900099 55158 55158 1591557 123403 123403 989 989 55112 0 55112 55112 55112 0 843781 7888 -7888 -7888 2087602 1046817 1040785 1040785 14120125 2632342 0 171616 744868 270165 317255 157448 2443770 1829675 375943 238152 257956 205706 35570 16680 228508 154261 48712 25535 10670 10670 33499 33499 56772 56772 515702 300661 137632 77409 459147 459147 279573 112460 127342 39771 127965 75593 37353 15019 572026 461048 96160 14818 1013 899 22 92 27379 27379 1363781 1254679 68189 40913 135966 135966 EXHIBITS 309698 309698 DUES, LICENSES, AND SUB 135779 24532 108685 2562 OTHER EXPENSES 86941 55725 25613 5603 ART AND LIBRARY ACQUISI 84706 84706 7875719 5139808 2101909 634002 1021463 4482287 2374954 5436893 157924 3630089 1932 24977 1622346 1226922 93829 140838 45087259 31998754 14203421 13088505 7293687 8312974 84512 98524 26854068 36442009 448121 626149 384181 1873415 994279 916123 356000 824617 62190 92988 2244771 4333292 X 17014856 20169832 7594441 11938885 24609297 32108717 26854068 36442009 X 6244406 1258124 -3110 X X 0 0 0 X 9484468 4278315 4934413 5972794 11316167 35986157 9484468 4278315 4934413 5972794 11316167 35986157 15337102 20649055 206577 306536 336926 284534 124392 1258965 32190 20996 34287 18291 105764 37350886 26867892 0.55280 0.70020 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2016 AMOUNT: $ 32,190. 2017 AMOUNT: $ 20,996. 2018 AMOUNT: $ 34,287. 2019 AMOUNT: $ 18,291. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 1 9576141 1792818 336604 126 11032229 9428253 104073 457948 414133 9576141 9797361 78270 447378 9428253 10020798 6500 759969 989906 9797361 5525931 4260566 617589 383288 10020798 0.14820 0.68080 0.17100 1 1 1 22512378 14141351 8371027 8013215 4437279 3575936 4379120 3719183 659937 10182546 9700941 481605 13088505 GIFT ANNUITY PAYABLE 10481 DEPOSITS 82507 92988 X PART III, LINE 1A: THE COLLECTIONS OF THE MUSEUM INCLUDE SEVERAL CATEGORIES OF NATIVE AMERICAN ART, PRIMARILY KACHINA DOLLS, BASKETS, JEWELRY, TEXTILES, CERAMICS, AND FINE ART, AS WELL AS COLLECTIONS FROM OTHER INDIGENOUS PEOPLES OF LATIN AMERICA, AFRICA AND OCEANIA, AND ARE EXPENSED IN THE PERIOD PURCHASED. IN CONFORMITY WITH THE PRACTICE FOLLOWED BY MANY MUSEUMS, ART OBJECTS CONTRIBUTED TO THE MUSEUM ARE NOT INCLUDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. FURTHERMORE, IN CONFORMITY WITH INDUSTRY PRACTICE, THE MUSEUM HAS NOT RECORDED THE VALUE OF ITS COLLECTIONS ON THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION. THE FAIR VALUE OF CERTAIN COLLECTIONS IS DETERMINED BASED ON THIRD PARTY EVIDENCE OF COMPARABLE ART SOLD THROUGH AUCTION HOUSES. THE FAIR VALUE OF COLLECTIONS CONTRIBUTED TO THE MUSEUM DURING THE YEAR ENDED SEPTEMBER 30, 2021 WAS $29,683. PART III, LINE 4: THE CORPORATION MAINTAINS A MUSEUM IN THE CITY OF PHOENIX DEDICATED TO THE ADVANCEMENT OF AMERICAN INDIAN ART. THE HEARD MUSEUM ART COLLECTION CONCENTRATES ON THE LIVES OF NATIVE PEOPLES AND CONSISTS OF MORE THAN 40,000 OBJECTS. THE TWO FOCAL AREAS OF THE COLLECTION ARE COMPREHENSIVE CULTURAL COLLECTIONS FROM THE GREATER SOUTHWEST AND CONTEMPORARY NATIVE FINE ART FROM NORTH AMERICA. KEY COLLECTIONS INCLUDE HOPI KATSINA DOLLS; NAVAJO AND ZUNI JEWELRY, NAVAJO TEXTILES, SOUTHWESTERN CERAMICS FROM PREHISTORY TO THE PRESENT, AND BASKETS FROM THE SOUTHWEST, CALIFORNIA, THE GREAT BASIN AND THE NORTHWEST. THE APPROXIMATELY 4,000 FINE ART WORKS IN THE HEARD MUSEUM COLLECTION DOCUMENT THE AMERICAN INDIAN FINE ART MOVEMENT FROM THE 20TH CENTURY TO THE PRESENT, AND INCLUDE WORK BY SOME OF THE FINEST HISTORIC AND CONTEMPORARY AMERICAN INDIAN ARTISTS. PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO PROVIDE FOR THE FUTURE FINANCIAL STRENGTH OF THE ORGANIZATION. PART X, LINE 2: THE HEARD MUSEUM QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND, ACCORDINGLY, THERE IS NO PROVISION FOR INCOME TAXES. IN ADDITION, THE HEARD MUSEUM QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170 OF THE IRC AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT DEEMED TO BE A PRIVATE FOUNDATION. INCOME DETERMINED TO BE UNRELATED BUSINESS TAXABLE INCOME (UBTI) WOULD BE TAXABLE. THE MUSEUM EVALUATES ITS UNCERTAIN TAX POSITIONS, IF ANY, ON A CONTINUAL BASIS THROUGH REVIEW OF ITS POLICIES AND PROCEDURES, REVIEW OF ITS REGULAR TAX FILINGS, AND DISCUSSIONS WITH OUTSIDE EXPERTS. MANAGEMENT BELIEVES THAT THE HEARD MUSEUM HAS NO UNCERTAIN TAX POSITIONS AS OF SEPTEMBER 30, 2021. MOONDANCE 843781 843781 7888 843781 843781 7888 7888 -7888 X X 0 0 0 0 0 0 0 0 0 DAVID ROCHE DIRECTOR AND CEO 307787 0 0 0 0 0 0 0 6459 0 314246 0 0 0 JOHN BULLA COO 204134 0 0 0 0 0 0 0 6459 0 210593 0 0 0 DANIEL HAGERTY DIRECTOR STRATEGIC DEVELOPMENT 162307 0 0 0 0 0 0 0 11717 0 174024 0 0 0 X 20 0 EXPLANATION - LINE 33 X 24 107157 FMV PER DONOR 0 0 1 0 PART I, COLUMN (B): COLUMN B INCLUDES THE NUMBER OF CONTRIBUTIONS. PART I, LINE 33: DURING THE YEAR, THE ORGANIZATION RECEIVED $29,683 OF WORKS OF ART, DONATED TO ITS COLLECTION DURING THE YEAR ENDED SEPTEMBER 30, 2021. IN CONFORMITY WITH THE PRACTICE FOLLOWED BY MANY MUSEUMS, OBJECTS CONTRIBUTED TO THE ORGANIZATION ARE NOT INCLUDED AS REVENUE OR EXPENSE ON FORM 990, PARTS VIII OR IX. FORM 990, PART III, LINE 4A SINCE ITS FOUNDING IN 1929, THE HEARD MUSEUM HAS GROWN IN SIZE AND STATURE TO BECOME RECOGNIZED INTERNATIONALLY FOR THE QUALITY OF ITS COLLECTIONS, WORLD-CLASS EXHIBITIONS, EDUCATIONAL PROGRAMMING AND ITS UNMATCHED FESTIVALS. DEDICATED TO THE ADVANCEMENT OF AMERICAN INDIAN ART, THE HEARD SUCCESSFULLY PRESENTS THE STORIES OF AMERICAN INDIAN PEOPLE FROM A FIRST-PERSON PERSPECTIVE, AS WELL AS EXHIBITIONS THAT SHOWCASE THE BEAUTY AND VITALITY OF TRADITIONAL AND CONTEMPORARY ART. THE HEARD MUSEUM SETS THE STANDARD FOR COLLABORATING WITH AMERICAN INDIAN ARTISTS AND TRIBAL COMMUNITIES TO PROVIDE VISITORS WITH A DISTINCTIVE PERSPECTIVE ABOUT THE ART OF NATIVE PEOPLE, ESPECIALLY THOSE FROM THE SOUTHWEST. THE HEARD ACCOMPLISHES ITS MISSION BY: ORGANIZING EXHIBITS THAT SHOWCASE BOTH ITS COLLECTION OF MORE THAN 45,000 ARTWORKS AND CULTURAL ARTS IN ITS PERMANENT COLLECTION AND ARTWORKS FROM OTHER MUSEUMS; HOLDING SPECIAL EVENTS THAT HIGHLIGHT ONE OR MORE ASPECTS OF NATIVE ART, CULTURES, AND/OR HISTORY; HOSTING APPROXIMATELY 8,500 SCHOOL CHILDREN TOURING THE MUSEUM EACH YEAR; SUPPORTING THE CAREERS OF AMERICAN INDIAN ARTISTS IN THE HEARD MUSEUM SHOPS AND BOOKS & MORE, A BOUTIQUE BOOKSTORE AND GIFT SHOP; OFFERING INDIGENOUS INGREDIENTS WITHIN THE MENU OF THE MUSEUM'S CAFE AND COFFEE CANTINA; AND OFFERING PROGRAMMING SUCH AS LECTURES, BOOK SIGNINGS AND PRESENTATIONS BY EXPERTS IN ART, HISTORY, AND CULTURES. APPROXIMATELY 50,492 PEOPLE VISITED THE MUSEUM DURING THE YEAR. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE BOARD OFFICERS, THE IMMEDIATE PAST BOARD CHAIR, IF STILL A TRUSTEE, AND THE COMMITTEE CHAIR OF EACH STANDING COMMITTEE OTHER THAN THE AUDIT COMMITTEE. WHENEVER, IN THE JUDGMENT OF THE BOARD CHAIR, BOARD ACTION IS NECESSARY OR APPROPRIATE AND IT IS NOT PRACTICAL TO CALL A SPECIAL MEETING OF THE BOARD, THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL THE AUTHORITY OF THE BOARD, EXCEPT THAT THE EXECUTIVE COMMITTEE SHALL NOT HAVE AUTHORITY TO: (I) APPOINT OR REMOVE THE DIRECTOR; (II) ELECT OR REMOVE TRUSTEES; (III) AMEND THE BYLAWS; (IV) SELL, LEASE OR OTHERWISE DISPOSE OF REAL OR PERSONAL PROPERTY WITH A VALUE IN EXCESS OF $1,000,000; OR (V) INCUR ANY DEBT OR OTHER OBLIGATION OR LIABILITY IN EXCESS OF $500,000. IN ADDITION, BEFORE TAKING ANY ACTION WHICH THE EXECUTIVE COMMITTEE KNOWS (A) WOULD BE CONTROVERSIAL IF CONSIDERED BY THE FULL BOARD OR (B) MIGHT ADVERSELY AFFECT THE STANDING OR REPUTATION OF THE MUSEUM, THE EXECUTIVE COMMITTEE SHOULD DETERMINE WHETHER THERE IS AN EMERGENCY OR OTHER CIRCUMSTANCE REQUIRING SUCH ACTION TO BE TAKEN BY THE EXECUTIVE COMMITTEE RATHER THAN THE FULL BOARD AND REPORT SUCH FINDINGS IN THE MINUTES REGARDING SUCH ACTION. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IN THE HEARD MUSEUM SHALL BE OPEN TO ALL PERSONS UPON PAYMENT OF SUCH DUES AS THE BOARD OF TRUSTEES MAY FROM TIME TO TIME ESTABLISH. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND REVIEWED BY THE CFO, COO AND DIRECTOR/CEO, WITH A FINAL REVIEW BY THE AUDIT COMMITTEE AND DISTRIBUTION TO THE BOARD OF TRUSTEES BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE AND NATURE OF HIS OR HER FINANCIAL INTEREST TO THE TRUSTEES AND MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST, THE INTERESTED PERSON SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE FINANCIAL INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. IN ANY CASE WHERE THE HEARD ENTERS INTO A TRANSACTION IN WHICH A TRUSTEE IS AN INTERESTED PARTY, THE TRUSTEE SHALL NOT PARTICIPATE IN ANY DECISIONS CONCERNING THE SOURCE OF THE CONFLICT. THIS PROVISION SHALL ALSO APPLY IN ANY CASE WHERE A FAMILY MEMBER OF A TRUSTEE IS EMPLOYED BY OR IS A CONTRACTOR TO THE MUSEUM AND SHALL INCLUDE ANY DISCUSSIONS OR DECISIONS RELATED TO EMPLOYMENT OR OTHER ASSOCIATION, PERFORMANCE EVALUATION OR COMPENSATION OF A FAMILY MEMBER. EACH TRUSTEE AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON (A) HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY,(B) HAS READ AND UNDERSTANDS THE POLICY,(C) HAS AGREED TO COMPLY WITH THE POLICY, AND(D) UNDERSTANDS THAT THE HEARD IS A TAX-EXEMPT ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. THE MINUTES OF THE BOARD AND ALL COMMITTEES WITH BOARD DELEGATED POWERS SHALL CONTAIN A RECORD OF ANY VOTES TAKEN IN CONNECTION THEREWITH. FORM 990, PART VI, SECTION B, LINE 15A THE SEARCH AND EXECUTIVE COMMITTEES OF THE BOARD OF TRUSTEES REVIEWED THE SALARY OF THE DIRECTOR/CEO PRIOR TO EMPLOYMENT INITIATIONS. EXECUTIVE COMPENSATION WAS REVIEWED AGAINST THE MOST RECENT AMERICAN ALLIANCE OF MUSEUMS NATIONAL MUSEUM SALARY SURVEY REPORT AND AGAINST COMPENSATION OF OTHER NON-PROFIT ORGANIZATIONS. THE DIRECTOR/CEO'S SALARY REMAINED UNCHANGED THROUGH THE FISCAL YEAR ENDED SEPTEMBER 30, 2020. A REVIEW WAS PERFORMED PRIOR TO THE END OF THE FISCAL YEAR ENDED SEPTEMBER 30, 2020 TO DETERMINE COMPENSATION FOR THE UPCOMING FISCAL YEAR. THE DIRECTOR/CEO REVIEWS SALARY OF KEY EMPLOYEES ANNUALLY INCLUDING A COMPARISON OF THE COMPENSATION OF OTHER LOCAL NOT-FOR-PROFIT ORGANIZATIONS. THE PROCESS WAS LAST REVIEWED IN 2020. FORM 990, PART VI, SECTION C, LINE 19 THE ARTICLES OF INCORPORATION, BY-LAWS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF GIFT ANNUITY -3,110. FORM 990, PART XII, PG 12, LINE 2C: THERE HAS BEEN NO CHANGE IN EITHER THE OVERSIGHT PROCESS OR THE SELECTION PROCESS DURING THE TAX YEAR. HEARD FAMILY ENDOWMENT TRUST JP MORGAN CHASE 270 PARK NEW YORK NY 10017 946095432 INVESTMENT AZ 4947(A)(1) 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 HEARD FAMILY ENDOWMENT TRUST C 45610 CASH TRANSFERRED