2020-07-21T16:49:24-05:00 2019-06-30 420714325 RSM US LLP 100 2ND AVENUE S 600 ST PETERSBURG FL 33701 990 2018-07-01 590949278 MUSEUM OF FINE ARTS OF ST PETERSBURG FLORIDA INC MUSE 7278962667 255 BEACH DR NE ST PETERSBURG FL 337013413 KRISTEN SHEPHERD EXECUTIVE DIRECTOR 7278962667 2020-07-21 1 BYRON C SMITH P00744293 7278216161 216.14.156.168 2020-07-21 10:09:09 CD P C7E7B0C0E81BD62A89852478B08C37E9234D4314 D5BE74269063DD9DD2054CE5799DDCCBA9BE789E 2018 2020-11-19 02:30:22Z CATHY COLLINS 255 BEACH DR NE ST PETERSBURG FL 337013413 10718602 0 X WWW.MFASTPETE.ORG X 1964 FL OUR MISSION IS TO ENGAGE, EDUCATE AND EXCITE THE COMMUNITY BY COLLECTING, EXHIBITING, AND PRESERVING WORKS OF ART FOR THE ENJOYMENT OF ALL. THE MUSEUM OF FINE ARTS, ST. PETERSBURG, FLORIDA (MFA) IS THE CULTURAL LEADER OF OUR COMMUNITY. OUR COMPREHENSIVE COLLECTION, EXHIBITIONS, AND PROGRAMS CELEBRATE ART AND ENGAGE THE DIVERSE CULTURES AND COMMUNITIES WE SERVE. 27 27 44 276 0 0 2149684 2487261 1743235 1039587 510867 530121 523813 4680886 4927599 8737855 0 0 0 0 1947587 2277264 0 0 399527 3489527 3850154 5437114 6127418 -509515 2610437 48097673 37669528 1344839 1436777 46752834 36232751 X OUR MISSION IS TO ENGAGE, EDUCATE AND EXCITE THE COMMUNITY BY COLLECTING, EXHIBITING, AND PRESERVING WORKS OF ART FOR THE ENJOYMENT OF ALL. (CONTINUED ON SCHEDULE O)THE MUSEUM OF FINE ARTS OF ST. PETERSBURG, FLORIDA STRIVES TO BE THE MOST VIBRANT CULTURAL LEADER IN THE COMMUNITY. ITS COMPREHENSIVE COLLECTION, EXHIBITIONS AND PROGRAMS WILL CELEBRATE ART AND ENGAGE THE DIVERSE CULTURES AND COMMUNITIES IT SERVES. WE VALUE: EXCELLENCE AND INTEGRITY IN THE MUSEUM'S STEWARDSHIP ARTISTIC CREATIVITY AND CULTURAL DIVERSITY EDUCATION AND ENGAGEMENT COMMITMENT AND SUPPORT OF OUR COMMUNITY ACCESSIBILITY AND INCLUSIVENESS BEST PRACTICES AS AN ORGANIZATION 0 0 3708298 5307125 ADMISSIONS - INCOME FROM ADMISSIONS FURTHERS THE EXEMPT PURPOSE OF THE MUSEUM BY PROMOTING ART AND CULTURE WITHIN THE TAMPA BAY AREA. 1107674 413348 MEMBERSHIP DUES - INCOME FROM MEMBERSHIP DUES FURTHERS THE EXEMPT PURPOSE OF THE MUSEUM BY PROMOTING INVOLVEMENT OF THE MEMBERS IN THE PROGRAMS AND EXHIBITS OFFERED BY THE MUSEUM. 4815972 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 20 0 1 44 1 0 0 0 0 0 0 0 0 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 FL X DIANA WATERS 7278962667 255 BEACH DR NE ST PETERSBURG FL 337013413 CATHY COLLINS EXEC COMM CHAIR 3.00 X X 0 0 0 FRED S RAZOOK JR EXEC COMM VICE CHAIR 2.00 X X 0 0 0 CRAIG SHER EXEC COMM TREASURER 5.00 X X 0 0 0 JAMES GILLESPIE EXEC COMM SECRETARY 2.00 X X 0 0 0 GEORGE BAXTER EXEC COMM 2.00 X 0 0 0 WARD CURTIS EXEC COMM 2.00 X 0 0 0 TIM COOP TRUSTEE 1.00 X 0 0 0 DIMITY CARLSON TRUSTEE 1.00 X 0 0 0 WAYNE FRASER TRUSTEE 1.00 X 0 0 0 YA LA'FORD TRUSTEE 1.00 X 0 0 0 FAY MACKEY TRUSTEE 1.00 X 0 0 0 GLENN MOSBY TRUSTEE 1.00 X 0 0 0 ELLEN STAVROS TRUSTEE 1.00 X 0 0 0 GORDON GILBERT TRUSTEE 1.00 X 0 0 0 CHRISTINA MAJEED TRUSTEE 1.00 X 0 0 0 ERIN SMITH AEBEL TRUSTEE 1.00 X 0 0 0 LAURA BRYANT TRUSTEE 1.00 X 0 0 0 TROY HOLLAND TRUSTEE 1.00 X 0 0 0 EMILY ELWYN TRUSTEE 1.00 X 0 0 0 PATTI NOVACK TRUSTEE 1.00 X 0 0 0 JAMES REICHERT TRUSTEE 1.00 X 0 0 0 CHLOE FIREBAUGH TRUSTEE 1.00 X 0 0 0 SCOTT WAGMAN TRUSTEE 1.00 X 0 0 0 KRISTEN SHEPHERD EXECUTIVE DIRECTOR 40.00 X 230000 0 14752 230000 0 14752 6 0 1 0 ALLIED UNIVERSAL SECURITY SERVICES PO BOX 828854 PHILADELPHIA PA 191828854 SECURITY 312719 RLA CONSERVATION 5418 PACKARD STREET LOS ANGELES CA 90019 MOSAIC CONSERVATION 226698 VIRGINIA MUSEUM OF ARTS 200 N BOULEVARD RICHMOND VA 23220 EXHIBITION 185153 MILLER ELECTRIC COMPANY PO BOX 1799 JACKSONVILLE FL 32201 LIGHTING EQUIPMENT 149103 MECHANICAL SERVICES OF CENTRAL FL INC 9820 SATELLITE BLVD ORLANDO FL 32837 MARLY ROOM AC & HVAC REPAIRS & MAINTENAN 122653 5 149536 2337725 839 2487261 ADMISSIONS 711130 626239 626239 MEMBERSHIP DUES 711130 413348 413348 1039587 527758 527758 226118 0 226118 226118 226118 1789063 1786700 2363 2363 2363 352991 194047 158944 158944 BP CLAIM 900099 4275140 4275140 PARKING 900099 20684 20684 4295824 8737855 5720473 0 530121 244752 188459 17133 39160 1640392 1150879 264458 225055 31017 21608 5205 4204 216977 153581 33175 30221 144126 102329 21619 20178 3831 3831 34483 34483 112834 112834 40818 33100 7490 228 527967 496429 31538 117290 47130 55737 14423 53503 53503 922092 746895 156755 18442 2925 2925 31253 25315 5313 625 772667 625861 131353 15453 42269 42269 ART EXHIBITIONS 810645 810645 CONSERVATION 173785 173785 SUPPORT GROUPS 138454 136752 1702 PURCHASE OF ARTWORK 31000 31000 34338 27010 7328 6127418 4815972 911919 399527 X 608897 270684 48486 318434 174333 13894 4302875 159875 124408 121684 162799 29878997 14567616 28597807 15311381 14159853 13293040 4068743 4030008 48097673 37669528 344839 436777 1000000 1000000 1344839 1436777 X 28300981 19110407 8137170 7103560 10314683 10018784 46752834 36232751 48097673 37669528 X 2610437 48820 -13499541 320201 X 0 1 X 1 0 X 1381751 1486919 693508 1647317 2487261 7696756 1381751 1486919 693508 1647317 2487261 7696756 7696756 1196963 1112505 386813 510867 753876 3961024 61847 47122 4295824 4404793 16062573 10219221 0.47920 0.56600 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 14432117 480037 5964494 8947660 14660141 954503 1120126 62398 14432117 14470235 35906 991703 813116 24590 14660141 14119752 800526 1057001 1445805 61239 14470235 14408681 685081 -199940 711713 62537 14119752 0.00000 1.00000 0.00000 1 0 27487390 13822213 13665177 2391607 745403 1646204 15311381 BENEFICIAL INTEREST IN PERPETUAL TRUST 3546381 BENEFICIAL INTEREST IN CHARITABLE TRUST 483627 4030008 LINE OF CREDIT 1000000 1000000 X 9074076 48820 287401 336221 8737855 0 8737855 6063618 0 6063618 63800 63800 6127418 PART III, LINE 1A: COLLECTION ITEMS ACQUIRED EITHER THROUGH PURCHASE OR DONATION ARE NOT CAPITALIZED. PURCHASE OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IF PURCHASED WITH UNRESTRICTED NET ASSETS AND AS DECREASES IN TEMPORARILY RESTRICTED NET ASSETS IF PURCHASED WITH DONOR-RESTRICTED ASSETS. CONTRIBUTIONS OF COLLECTION ITEMS ARE NOT RECOGNIZED IN THE STATEMENT OF ACTIVITIES. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED IN THE STATEMENT OF ACTIVITIES BASED ON THE ABSENCE OR EXISTENCE AND NATURE OF DONOR IMPOSED RESTRICTIONS. COLLECTION ITEMS ARE PROTECTED, KEPT UNENCUMBERED, CARED FOR, AND PRESERVED. THE MUSEUM COLLECTION IS COMPOSED OF EUROPEAN WORKS FROM THE 17TH THROUGH THE 20TH CENTURIES, AMERICAN WORKS FROM THE 18TH CENTURY TO THE PRESENT, AN EXTENSIVE PHOTOGRAPHY COLLECTION WITH WORKS FROM INDIVIDUALS WHO FIRST PROMOTED PHOTOGRAPHY AS A HIGHLY EXPRESSIVE FORM OF ART, GREEK AND ROMAN ANTIQUITIES, PRE-COLUMBIAN AND ASIAN ART THAT CONTAIN WORKS THAT PORTRAY THE EVOLUTION OF ART FROM ROMAN SCULPTURES TO PERUVIAN GOLD. THE COLLECTION ALLOWS THE MUSEUM TO INCREASE AND DIFFUSE KNOWLEDGE AND APPRECIATION OF ART, TO COLLECT AND PRESERVE OBJECTS OF ARTISTIC INTEREST AND MERIT, TO PROTECT WORKS OF ART, TO PROVIDE FACILITIES FOR RESEARCH, AND TO OFFER INSTRUCTION AND OPPORTUNITIES FOR AESTHETIC ENJOYMENT OF ART. PART V, LINE 4: THE ENDOWMENT FUNDS PRINCIPAL IS TO BE HELD IN PERPETUITY WITH THE INCOME FROM THE FUNDS USED TO SUPPORT THE GENERAL OPERATIONS OF THE MUSEUM. THE MUSEUM OF FINE ARTS HAS ESTABLISHED ENDOWMENT FUNDS FOR THE PURPOSE OF INVESTING ASSETS IN A MANNER THAT PRESERVES THE REAL VALUE OF THE ENDOWMENT PRINCIPAL AND PROVIDES SPENDABLE FUNDS THAT CAN BE USED TO FULFILL THE PURPOSES FOR WHICH THE ENDOWMENTS WERE ESTABLISHED. THE MUSEUM'S ENDOWMENT FUNDS CONSIST OF DONOR RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD AS FUNDS THAT FUNCTION AS ENDOWMENTS. THE MUSEUM'S MANAGEMENT OF ENDOWED FUNDS FOLLOWS THE REQUIREMENTS OF THE FLORIDA UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (FUPMIFA; FLORIDA STATUTE 617.2104) EFFECTIVE JULY 1, 2012. THE BOARD INTERPRETS THESE RULES AS REQUIRING THE PRESERVATION OF THE FAIR VALUE OF ENDOWMENT GIFTS AS OF THE DATE OF FUPMIFA'S IMPLEMENTATION OR THE DATE OF THE GIFT (WHICHEVER IS LATER), ABSENT EXPLICIT DONOR STIPULATIONS TO THE CONTRARY. AS A RESULT OF THIS INTERPRETATION, THE MUSEUM CLASSIFIES AS PERMANENTLY RESTRICTED NET ASSETS THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT, THE ORIGINAL VALUE OF SUBSEQUENT GIFTS THAT MAY BE MADE TO THE PERMANENT ENDOWMENT, AND ACCUMULATIONS TO THE PERMANENT ENDOWMENT NEEDED TO PRESERVE THE FAIR VALUE OF THE GIFT. THE INVESTMENT OF MUSEUM ENDOWMENT FUNDS IS GOVERNED BY THE MUSEUM OF FINE ARTS INVESTMENT POLICY, AS APPROVED BY THE BOARD ON JULY 24, 2008. TO PROVIDE A PORTION OF FUNDING FOR THE MUSEUM'S ANNUAL BUDGET, THE FINANCE COMMITTEE SHALL RECOMMEND A DISTRIBUTION OF UP TO FIVE PERCENT (5%) OF THE ROLLING THREE-YEAR AVERAGE OF THE TOTAL VALUE OF ENDOWMENTS ADMINISTERED BY THE MUSEUM ON DECEMBER 31 OF THE PREVIOUS YEARS. THIS SPENDING POLICY SHALL BE REVIEWED PERIODICALLY BY THE FINANCE COMMITTEE. ANY UNDESIGNATED GIFTS THAT THE MUSEUM RECEIVES THROUGH ITS ACCUMULATED GIFTS AND BEQUESTS ARE CONSIDERED UNRESTRICTED BOARD DESIGNATED AND ONLY RELEASED UPON BOARD APPROVAL. THE PERPETUAL TRUSTS ARE HELD OUTSIDE THE MUSEUM UNDER TRUSTS AGREEMENTS MANAGED BY FINANCIAL INSTITUTIONS. THE MUSEUM RECEIVES REGULAR MONTHLY AND QUARTERLY DISTRIBUTIONS OF INCOME FROM THE TRUSTS. THE WISH, STUART AND HOUGH ENDOWMENTS ARE MANAGED BY THE MUSEUM'S CONTRACTED MONEY MANAGERS UNDER ITS INVESTMENT POLICY AS AMENDED ON JULY 24, 2008. THE PERMANENTLY RESTRICTED PORTION OF THE BOARD DESIGNATED FUND WAS ESTABLISHED ON OCTOBER 17, 2008 AND IS MANAGED BY THE COMMUNITY FOUNDATION OF TAMPA BAY. THE UNRESTRICTED PORTION OF THE BOARD DESIGNATED FUND IS COMPOSED OF ACCUMULATED GIFTS AND BEQUESTS DONATIONS MANAGED BY THE MUSEUM'S CONTRACTED MONEY MANAGERS UNDER ITS INVESTMENT POLICY AS AMENDED ON JULY 24, 2008 AND ARE ONLY RELEASED UPON BOARD APPROVAL. THE PERPETUAL TRUST ASSETS ARE NOT UNDER THE CONTROL OF THE MUSEUM AND AS SUCH THE ENTIRE FAIR VALUE OF THE TRUSTS ARE REFLECTED AS PERMANENTLY RESTRICTED. THE WISH, STUART AND HOUGH ENDOWMENTS ORIGINAL DONATIONS ARE CONSIDERED PERMANENTLY RESTRICTED WITH THE EXCESS CONSIDERED TEMPORARILY RESTRICTED UNTIL APPROPRIATED FOR EXPENDITURE BY THE MUSEUM BOARD. THE BOARD DESIGNATED ENDOWMENT IS PERMANENTLY RESTRICTED FOR FUNDS INVESTED WITH THE COMMUNITY FOUNDATION OF TAMPA BAY AND UNRESTRICTED FOR ACCUMULATED GIFTS AND BEQUESTS. PART X, LINE 2: THE MUSEUM IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND FROM STATE INCOME TAXES UNDER SIMILAR PROVISIONS OF THE FLORIDA STATUTES. INCOME EARNED IN FURTHERANCE OF THE MUSEUM'S TAX-EXEMPT PURPOSE IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE MUSEUM IS NOT A PRIVATE FOUNDATION. MANAGEMENT EVALUATED THE MUSEUM'S TAX POSITIONS AND CONCLUDED THAT THE MUSEUM HAD NO MATERIAL UNCERTAINTIES IN INCOME TAXES AS OF JUNE 30, 2019. THE MUSEUM IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL AUTHORITIES FOR FISCAL YEARS BEFORE 2016. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST 320,201. INVESTMENT MANGEMENT FEES RECLASSED TO STATEMENT OF FUNCTIONAL EXPENSES -32,800. PART XII, LINE 4B - OTHER ADJUSTMENTS: PURCHASE OF ART WORK 31,000. INVESTMENT MANGEMENT FEES RECLASSED TO STATEMENT OF FUNCTIONAL EXPENSES 32,800. PART V LINE 1E THE MUSEUM SPENT $1,218,272 FROM THE ENDOWMENT ON OPERATIONS AND FACILITIES AS ALLOWED. IN ADDITION, AN ADJUSTMENT OF $4,746,222 WAS MADE. THIS REPRESENTS THE PERPETUAL TRUSTS ($3,640,507) AND THE BOARD DESIGNATED FUNDS ($1,105,715) BEING IMPROPERLY CLASSIFICATION AS ENDOWMENTS. THE TOTAL OF THESE TWO ITEMS IS 5,964,494 AND IS REFLECTED IN PART V, LINE 1E, OTHER EXPENDITURES FOR FACILITIES AND PROGRAMS. X X 0 0 0 0 0 0 0 0 0 KRISTEN SHEPHERD EXECUTIVE DIRECTOR 230000 0 0 0 0 0 6900 0 7852 0 244752 0 0 0 X 574 0 X FOOD BEVERAGE AND DECORATIONS 1 498 FMV X 6 BOTTLES OF SUNTORY TOKI WHISKEY 1 216 FMV X GIFT CARDS 1 125 FMV 8 0 1 1 PART I, COLUMN (B): COLLECTION ITEMS ACQUIRED EITHER THROUGH PURCHASE OR DONATION SINCE THE MUSEUM'S INCEPTION ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTION IF PURCHASED WITH NET ASSETS WITHOUT DONOR RESTRICTION AND AS DECREASES IN NET ASSETS WITH DONOR RESTRICTION IF PURCHASED WITH DONOR-RESTRICTED ASSETS. DURING THE YEAR ENDED JUNE 30, 2019, THE MUSEUM INCURRED APPROXIMATELY $76,500 FOR THE PURCHASE OF ART. CONTRIBUTIONS OF COLLECTION ITEMS ARE NOT RECOGNIZED IN THE STATEMENT OF ACTIVITIES. PROCEEDS FROM THE SALE OF ART ARE SUBJECT TO A POLICY THAT REQUIRES THEIR SALES PROCEEDS TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. THE MUSEUM DID NOT RECEIVE ANY DONATED COLLECTIONS FOR THE YEAR ENDED JUNE 30, 2019. PART I, LINE 32B: BURCHARD GALLERIES AND SOTHEBY'S HAVE BEEN USED TO SELL ITEMS DEACCESSIONED OR NOT EVER ACCESSIONED, BUT NONE OF ITEMS RECEIVED IN FY2019 WERE SOLD IN FY2019 FORM 990, PART I, LINE 6 MUSEUM VOLUNTEERS PROVIDE SIGNIFICANT CONTRIBUTIONS OF THEIR TIME IN THE FUTHERANCE OF THE MUSEUM'S PROGRAMS AND ADMINISTRATION. TYPES OF SERVICES PROVIDED INCLUDE GUIDED TOURS BY ART DOCENTS, MUSEUM SHOP SALES STAFF, BOOKBINDING, ADMINISTRATIVE ASSISTANCE, ADMISSIONS, MEMBERSHIP, ART EDUCATION, MUSIC AND LECTURE PROGRAMS. THE BOARD OF TRUSTEES VOLUNTEER THEIR TIME TOWARDS EIGHT STANDING COMMITTEES INCLUDING EXECUTIVE, COLLECTIONS, FINANCE, AUDIT INVESTMENTS, GOVERNANCE, DEVELOPMENT/MEMBERSHIP/MARKETING, AND COMMUNITY ENGAGEMENT. THE VALUE OF THIS CONTRIBUTED TIME IS NOT REFLECTED IN THE TAX RETURN SINCE IT IS NOT SUSCEPTIBLE TO OBJECTIVE MEASUREMENT OR VALUATION. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS COMPLETED BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM AND REVIEWED BY THE FINANCE OFFICER AND BOARD TREASURER. THE TREASURER THEN PRESENT TO THE BOARD OF TRUSTEES WHO AUTHORIZE THE RETURN SIGNATURE AND FILING. FORM 990, PART VI, SECTION B, LINE 12C TO ENSURE THAT TRUSTEES, STAFF, AND VOLUNTEERS ARE AWARE OF THE CONFLICT OF INTEREST POLICY, A COPY SHALL BE DISTRIBUTED TO EACH TRUSTEE UPON HIS/HER ELECTION TO THE BOARD AND TO EACH STAFF MEMBER AND VOLUNTEER WHEN THEY BEGIN THEIR AFFILIATION WITH THE MUSEUM. EACH PERSON SHALL ACKNOWLEDGE IN WRITING RECEIPT OF THE POLICY AND THEIR AGREEMENT TO COMPLY WITH IT. SITUATIONS WITHIN THE MUSEUM OR CONCERNING THE ACTIVITIES AND DETERMINATIONS OF THE BOARD, THE STAFF OR VOLUNTEERS THAT MIGHT CONCEIVABLY LEAD TO CONFLICTS OF INTEREST MUST BE DISCLOSED. CONFLICTS OR APPEARANCES THEREOF, BY THE STAFF OR VOLUNTEERS, SHOULD BE DISCLOSED TO THE DIRECTOR WHO WILL CONSULT WITH THE PRESIDENT OF THE BOARD OF TRUSTEES, THE EXECUTIVE COMMITTEE, OR THE MUSEUM'S COUNSEL, AS APPROPRIATE. TRANSACTIONS IN WHICH A TRUSTEE OR THE DIRECTOR MAY HAVE A CONFLICT OF INTEREST SHOULD BE DISCLOSED TO THE PRESIDENT OF THE BOARD AND SHALL BE CAREFULLY SCRUTINIZED. ALL DISCLOSURES SHOULD BE IN WRITING, AND A PERMANENT RECORD MADE OF EACH DISCLOSURE AND ANY ACTIONS OR DETERMINATIONS MADE FOLLOWING A DISCLOSURE. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES ANNUALLY EVALUATES THE PERFORMANCE OF THE EXECUTIVE DIRECTOR IN PERSON AND PROVIDES THEM WITH FEEDBACK FROM THE EXECUTIVE COMMITTEE AND THE ENTIRE BOARD OF TRUSTEES RECEIVED DURING THE COURSE OF THE YEAR. COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE AND IS BASED ON PERFORMANCE AND AN ANALYSIS OF COMPENSATION PAID FOR SIMILAR POSITIONS IN SIMILAR ORGANIZATIONS AS DETERMINED BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO PUBLIC. FORM 990, PART X THE REDUCTION IN NET ASSETS IS DUE TO A PRIOR PERIOD ADJUSTMENT RELATED TO FIXED ASSETS AND ACCUMULATED DEPRECIATION TOTALING $13,794,949. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST 320,201. FORM 990, PART IV, LINE 12A: THE AUDITED FINANCIAL STATEMENTS HAD NOT BEEN ISSUED AT THE TIME OF FILING THIS 990. THE INTENT IS TO OBTAIN THE AUDITED FINANCIAL STATEMENTS ONCE COMPLETE. MARGARET ACHESON STUART SOCIETY INC 255 BEACH DR NE ST PETERSBURG FL 33701 593089566 SUPPORTING ORGANIZATION FL 501(C)(3) LINE 12D, III-O N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MARGARET ACHESON STUART SOCIETY INC C 254314 CASH