2019-11-12T15:27:19-06:00 2018-12-31 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2018-01-01 133585408 MUSEUM OF ARTS AND DESIGN MUSE 2122997777 2 COLUMBUS CIRCLE NEW YORK NY 100191800 DENISE LEWIS CFO 2122997777 2019-11-11 1 MICHAEL WALLACE P00881958 2126972299 38.142.140.186 2019-11-11 17:50:07 ES P 7EE24DDEAA34AFAE9DF92C3D2672F42BD3DA974D 5113AD6B164773D5121634EC23FD61D36CB6A590 2018 2020-01-14 16:20:31Z MICHELE COHEN 2 COLUMBUS CIRCLE NEW YORK NY 100191800 14857910 0 X WWW.MADMUSEUM.ORG X 1991 NY THE MUSEUM OF ARTS AND DESIGN COLLECTS, DISPLAYS, AND INTERPRETS OBJECTS THAT DOCUMENT CONTEMPORARY AND HISTORIC INNOVATION IN CRAFT, ART, AND DESIGN. IN ITS EXHIBITIONS AND EDUCATIONAL PROGRAMS, THE MUSEUM CELEBRATES THE CREATIVE PROCESS THROUGH WHICH MATERIALS AND PROCESS ARE BROUGHT TO BEAR TO CREATE ARTISTIC WORKS THAT ENHANCE CONTEMPORARY LIFE. 29 29 144 66 0 0 6328195 8612836 805842 659168 288869 318207 2259260 2074361 9682166 11664572 0 0 0 0 4480454 4824998 223176 181908 2507021 7374361 7796721 12077991 12803627 -2395825 -1139055 86339976 84477914 802387 1367252 85537589 83110662 X TO COLLECT, DISPLAY AND INTERPRET OBJECTS IN CRAFT ART AND DESIGN. 0 0 5968119 634910 EXHIBITIONS EACH YEAR, THE MUSEUM OF ARTS AND DESIGN PRESENTS A NUMBER OF GROUNDBREAKING EXHIBITIONS THAT SUPPORT ITS MISSION TO CHAMPION MAKERS ACROSS CREATIVE FIELDS. IN FY18, THE MUSEUM HAD DISTINCT EXHIBITIONS AT ITS HOME ON COLUMBUS CIRCLE, INCLUDING STUDIO VIEWS: CRAFT IN THE EXPANDED FIELD (AUGUST 22, 2017 TO JANUARY 7, 2018); AMPLIFY: ADVANCING THE FRONT LINES OF SOCIAL JUSTICE (NOVEMBER 2, 2017 TO JANUARY 7, 2018); SONIC ARCADE: SHAPING SPACE WITH SOUND (SEPTEMBER 14, 2017 TO FEBRUARY 25, 2018); UNPACKING THE GREEN BOOK: TRAVEL AND SEGREGATION IN JIM CROW AMERICA (MARCH 1, 2018 TO APRIL 8, 2018); FELLOW FOCUS: CAMILLE HOFFMAN (JANUARY 18, 2018 TO APRIL 8, 2018); DERRICK ADAMS: SANCTUARY (JANUARY 25, 2018 TO AUGUST 12, 2018); SAMANTHA BITTMAN: INTERLACE (MARCH 22, 2018 TO SEPTEMBER 6, 2018); SURFACE/DEPTH: THE DECORATIVE AFTER MIRIAM SCHAPIRO (MARCH 22, 2018 TO SEPTEMBER 9, 2018); LA FRONTERA: ENCOUNTERS ALONG THE BORDER (MARCH 1 2018 TO SEPTEMBER 23, 2018); TANYA AGUILIIGA: CRAFT & CARE (MAY 8, 2018 TO OCTOBER 2, 2018); FELLOW FOCUS: LEXY HO-TAI (SEPTEMBER 6, 2018 TO NOVEMBER 4, 2018); FROM THE COLLECTION: GOLD (AUGUST 14, 2018 TO DECEMBER 2, 2018); LAUREN SKELLY BAILEY: STUDIO FOCUS (NOVEMBER 16, 2018 TO JANUARY 13, 2019); THE EYE'S LEVEL (OCTOBER 16, 2018 TO MARCH 3, 2019); FAKE NEWS AND TRUE LOVE: FOURTEEN STORIES BY ROBERT BAINES (OCTOBER 16, 2018 TO MARCH 3, 2019); LIZ COLLINS: RAY (SEPTEMBER 20, 2018 TO MARCH 10, 2019); STERLING RUBY: CERAMICS (OCTOBER 3, 2018 TO MARCH 17, 2019); THE BURKE PRIZE 2018 (OCTOBER 3, 2018 TO MARCH 17, 2019); MAD COLLECTS (SEPTEMBER 6, 2018 TO MARCH 31, 2019). 3326704 1329233 EDUCATION AND PROGRAMMING THE MUSEUM OF ARTS AND DESIGN'S EDUCATION PROGRAMS PROVIDE ENRICHMENT AND EXPOSURE TO THE ARTS FOR THOUSANDS OF K-12 STUDENTS ANNUALLY-WITH AN EMPHASIS ON REACHING UNDERSERVED YOUTH. THESE PROGRAMS TAKE PLACE THROUGHOUT THE GALLERIES AND MAD'S SIXTH-FLOOR EDUCATION CENTER, AS WELL AS IN OFFSITE SCHOOL CLASSROOMS, WHICH ALLOWS THE MUSEUM TO REACH WIDER AUDIENCES AND CATER TO A VARIETY OF STUDENTS WITH SPECIAL NEEDS. WHILE THE MECHANISMS AND/OR TARGET POPULATIONS OF THESE PROGRAMS DIFFER, THEY SHARE THE SAME OVERARCHING GOALS: TO BROADEN THE EXPERIENCE AND KNOWLEDGE OF NEW YORK CITY'S SCHOOL CHILDREN; MAKE LEARNING OPPORTUNITIES AVAILABLE TO THOSE WHO WOULD OTHERWISE NOT HAVE ACCESS; BUILD CRITICAL THINKING AND PROBLEM SOLVING SKILLS; AND CREATE AN ENVIRONMENT OF SUCCESS THAT NOT ONLY FOSTERS SELF-CONFIDENCE AND SELF-ESTEEM, BUT ALSO IMPACTS LIFELONG ACHIEVEMENT. MADLAB K-12MADLAB K-12 IS THE MUSEUM'S FLAGSHIP ARTS-IN-EDUCATION PROGRAM DESIGNED TO ENGAGE K-12 STUDENTS ACROSS NEW YORK CITY IN THE ART OF MAKING; ENCOURAGE SOCIAL AND SKILL DEVELOPMENT VIA LEARNING WITH THE HANDS; AND HELP STUDENTS AND TEACHERS ACHIEVE THE REQUIREMENTS OF NYC'S BLUEPRINT FOR TEACHING AND LEARNING IN THE ARTS. THE PROGRAM'S CORE IS A 90-MINUTE TOUR/WORKSHOP TIED TO CLASSROOM SUBJECTS AND STRUCTURED AROUND CURRENT EXHIBITIONS. ARTS ACCESSAS A CORE PART OF MAD'S COMMITMENT TO BRING ARTS EDUCATION TO UNDERSERVED YOUTH, THE MUSEUM OFFERS MADLAB K-12 FREE OF CHARGE TO NYC'S TITLE I SCHOOLS THROUGH ARTS ACCESS. SINCE ITS LAUNCH IN 2010, THE PROGRAM HAS COME TO ACCOUNT FOR MORE THAN 40% OF ALL SCHOOLS SERVED. ARTS REACHARTS REACH PROVIDES ON-SITE STUDIO ART CLASSES TO STUDENTS SERVING SCHOOL SUSPENSIONS IN THE NEW YORK CITY DEPARTMENT OF EDUCATION'S ALTERNATE LEARNING CENTERS. THROUGH THIS PROGRAM, TEACHING ARTISTS LEAD STUDENTS IN ONE-HOUR SESSIONS TWICE A WEEK WHERE-THROUGH HANDS-ON ART MAKING ACTIVITIES-YOUTH ARE INTRODUCED TO MATERIALS AND PROCESSES FROM THE MUSEUM'S EXHIBITIONS, WITH THE GOAL OF FOSTERING VISUAL LITERACY, CRITICAL THINKING SKILLS, SELF-EXPRESSION, AND SELF-ESTEEM. ARTSLIFE INTERNSHIPSEACH SUMMER, ARTSLIFE ENABLES TEN RISING HIGH SCHOOL JUNIORS AND SENIORS TO PURSUE SEVEN-WEEK PAID INTERNSHIPS WITH THE MUSEUM, INTEGRATING THEM INTO A VARIETY OF OPERATIONS AND PROVIDING THEM WITH AN IMPORTANT PERSPECTIVE ON THE WORKING WORLD. PARTICIPANTS REFLECT THE VAST GEOGRAPHIC, CULTURAL AND SOCIOECONOMIC DIVERSITY OF THE CITY, AND ALSO COME INTO THE PROGRAM WITH LIMITED OR NO PREVIOUS EXPERIENCE WITH THE ARTS. THE PROGRAM PROVIDES THE STUDENTS WITH OPPORTUNITIES TO DEVELOP A RANGE OF KEY LEADERSHIP, COMMUNICATION AND SOCIAL SKILLS NEEDED FOR FUTURE SUCCESS. ARTSLIFE INTERNS ENGAGE IN A RANGE OF ACTIVITIES THAT FALL INTO FOUR CATEGORIES-MUSEUM STUDIES, LEADERSHIP WORKSHOPS AND FIELD TRIPS.ARTIST STUDIOSTHE ARTIST STUDIOS HOST ARTISTS AND DESIGNERS DAILY AS THEY PRODUCE THEIR WORK IN A LIVE STUDIO ENVIRONMENT. VISITORS TO MAD MEET WORKING ARTISTS WHO OPENLY WELCOME QUESTIONS AND DIALOGUE, AND DISCUSS THEIR PROCESSES, MATERIALS, AND CONCEPTS WITH DIVERSE MEMBERS OF THE PUBLIC. THIS PROGRAM SERVES AS AN INNOVATIVE MODEL OF INTERACTIVITY AND ENGAGEMENT THAT BENEFITS LOCAL ARTISTS AND MUSEUM VISITORS THROUGH OBSERVATION, MAKING, AND DISCUSSION OF CREATIVE PROCESSES. THE MUSEUM SUPPORTS LIVING ARTISTS, PROVIDING NEEDED RESOURCES SUCH AS STIPENDS, STUDIO SPACE, PROFESSIONAL DEVELOPMENT OPPORTUNITIES, AND EXPOSURE TO ART PROFESSIONALS SUCH AS CURATORS, ACADEMICS AND PROGRAMMERS.FAMILY AND INTERGENERATIONAL PROGRAMSSTUDIO SUNDAY IS A PLAY-BASED EXPERIENCE FOR MULTI-GENERATIONAL VISITORS TO LEARN NEW SKILLS AND IDEAS TOGETHER IN A SEMI-STRUCTURED ART STUDIO AND GALLERY-BASED ENVIRONMENT. STUDIO SUNDAY IS A DROP-IN PROGRAM THAT TAKES PLACE THE FIRST SUNDAY OF EVERY MONTH FROM 10:00 AM - 1:00 PM. EACH STUDIO SUNDAY IS UNIQUE, FREE WITH MUSEUM ADMISSION AND OPEN TO ANYONE AGES 5 AND UP.MADREADS IS A LITERACY-BASED PROGRAM FOR CHILDREN AND THEIR ADULT COMPANIONS THAT NURTURE A LOVE OF READING BY BRINGING BOOKS TO LIFE BY CONNECTING THEIR THEMES TO ARTWORKS. MAD READS IS A MIX OF INTERACTIVE STORY TIME, A GALLERY VISIT, AND VISUAL EXPLORATION THAT IS FUN FOR THE WHOLE FAMILY! MADREADS TAKES PLACE DURING STUDIO SUNDAY FROM 10:00 AM TO 11:00 AM AND IS FREE WITH MUSEUM ADMISSION. MAD ENGAGES VISITORS IN VARIOUS ART MAKING PROCESSES, TECHNIQUES AND IDEAS. LED BY ARTISTS-IN-RESIDENCE, MADMAKES IS A DROP-IN, HANDS-ON SERIES WHERE VISITORS CAN TEST THEIR SKILLS AT ART MAKING AND CREATIVE PRODUCTION. MADMAKES PROVIDES AN OPPORTUNITY FOR VISITORS TO BETTER UNDERSTAND AND APPRECIATE THE WORKMANSHIP THAT GOES INTO CONTEMPORARY STUDIO PRACTICE TODAY.ADULT PROGRAMS:OPENING NEW POSSIBILITIES FOR AUDIENCES TO ENGAGE WITH ARTISTS, DESIGNERS, AND CULTURAL PRODUCERS, MAD ORGANIZES A BROAD SPECTRUM OF INNOVATIVE AND EXPLORATORY PROGRAMS THAT FOSTER FURTHER EXPANSION OF CREATIVE PRACTICES, INCLUDING ARTIST TALKS, SYMPOSIA, PERFORMANCE, WORKSHOPS AND SKILL BUILDING. 9294823 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 78 0 1 144 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 29 29 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X X DENISE LEWIS CFO 2122997777 2 COLUMBUS CIRCLE NEW YORK NY 10019 MICHELE COHEN CHAIR 5.00 X X 0 0 0 JEROME A CHAZEN CHAIRMAN EMERITUS 1.00 X X 0 0 0 LEWIS KRUGER CHAIRMAN EMERITUS 3.00 X X 0 0 0 BARBARA TOBER CHAIRMAN EMERITA 1.00 X X 0 0 0 ANN KAPLAN SECRETARY 1.00 X X 0 0 0 MICHAEL DWECK TREASURER 2.00 X X 0 0 0 DIEGO E ARRIA TRUSTEE 1.00 X 0 0 0 DROR BENSHETRIT TRUSTEE 1.00 X 0 0 0 ANDI POTAMKIN BLACKMORE TRUSTEE 1.00 X 0 0 0 SIMON BOLTON TRUSTEE 1.00 X 0 0 0 MARIAN C BURKE TRUSTEE 1.00 X 0 0 0 SIMONA CHAZEN TRUSTEE 1.00 X 0 0 0 CHARLES S COHEN TRUSTEE 1.00 X 0 0 0 MIKE DE PAOLA TRUSTEE 1.00 X 0 0 0 ERIC DOBKIN TRUSTEE 1.00 X 0 0 0 MARCIA DOCTER TRUSTEE 1.00 X 0 0 0 ABBY ELETZ TRUSTEE 1.00 X 0 0 0 CVIRGINA FIELDS TRUSTEE 1.00 X 0 0 0 JOAN HORNIG TRUSTEE 1.00 X 0 0 0 MICHAEL JESSELSON TRUSTEE 1.00 X 0 0 0 NANETTE L LAITMAN TRUSTEE 1.00 X 0 0 0 JEFFREY MANOCHERIAN TRUSTEE 1.00 X 0 0 0 MARSY MITTLEMANN TRUSTEE 1.00 X 0 0 0 LAURA TAFT PAULSEN TRUSTEE 1.00 X 0 0 0 LINDA PLATTUS TRUSTEE 1.00 X 0 0 0 KLARA SILVERSTEIN TRUSTEE 1.00 X 0 0 0 ANGELA SUN TRUSTEE 1.00 X 0 0 0 WILLIAM S TAUBMAN TRUSTEE 1.00 X 0 0 0 BARBARA WALDMAN TRUSTEE 1.00 X 0 0 0 CHRISTOPHER J SCOATES EXECUTIVE DIRECTOR 35.00 X 180289 0 46 DENISE LEWIS CHIEF FINANCIAL OFFICER 35.00 X 170962 0 11593 MATTHEW MCENTEGGART DIRECTOR OF FACILITIES 35.00 X 108150 0 3308 JOHN D'AMBROSIO ASSOCIATE VP, TECHNOLOGY 35.00 X 130000 0 11896 SHANNON RAE STRATTON CHIEF CURATOR 35.00 X 139050 0 13048 HENDRIK MENNO GERRITS DIRECTOR OF EXHIBITIONS 35.00 X 109300 0 11744 STEPHANIE MAGGIORE LANG VICE PRESIDENT OF SPECIAL EVENTS 35.00 X 113157 0 12272 950908 0 63907 10 0 1 0 G4S SECURE SOLUTIONS (USA) INC 1395 UNIVERSITY BLVD JUPITER FL 33458 SECURITY GUARD SERVICES 418839 THE LAKESIDE COLLABORATIVE 115 WOOSTER STREET 5F NEW YORK NY 10012 STORE RETAIL BRAND 253501 THE TEXAS FIREHOUSE 325 CLINTON AVENUE APARTMENT 5E BROOKLYN NY 11205 EXHIBITION FABRICATION 175347 42ND STREET LESSEE LLC 110 EAST 42ND STREET NEW YORK NY 10017 EVENT RENTAL & CATERING 156875 YOUR PART-TIME CONTROLLER LLC 1500 WALNUT STREET SUITE 1200 PHILADEPHIA PA 19102 ACCOUNTING SERVICES 130761 7 452791 1977697 96012 6086336 1253217 8612836 MUSEUM ADMISSION FEES 713990 634910 634910 MEMBER TRIPS 561520 20830 20830 LECTURES AND WORKSHOPS 900099 3428 3428 659168 323428 323428 758345 0 758345 758345 758345 1341254 1346475 -5221 -5221 -5221 466230 1977697 466230 0 2685608 1380633 1304975 1304975 OTHER REVENUE 900099 11041 11041 11041 11664572 1964143 0 1087593 362889 235545 63783 63561 3720522 2694722 254902 770898 60686 44281 3989 12416 366375 264969 26492 74914 314526 225899 24348 64279 602 602 61288 61288 181908 181908 5850 5850 1165153 597595 242564 324994 473878 15120 60604 398154 374156 196401 42033 135722 123179 110839 5082 7258 1771546 1606980 75726 88840 178049 123486 16628 37935 5695 5695 2101697 1891191 86666 123840 157058 141327 6477 9254 SHIPPING AND CRATING 397045 388443 195 8407 INSTALLATION AND DESIGN 370217 370217 ART COLLECTION PURCHSAS 181485 181485 PRINTING 135147 78787 312 56048 294676 127536 18547 148593 12803627 9294823 1001783 2507021 2090450 2714630 29479 6947 335186 901370 174617 175446 479272 483908 239749 158606 93401938 26352935 68903520 67049003 14004789 12905090 82914 82914 86339976 84477914 788647 1310247 7271 26000 6469 31005 802387 1367252 X 70888947 69509042 4326181 3279159 10322461 10322461 85537589 83110662 86339976 84477914 X -1139055 -1237955 -49917 X 0 1 X 1 0 X 7064558 6303011 7347935 6328195 8612177 35655876 7064558 6303011 7347935 6328195 8612177 35655876 8196627 27459249 1234671 1215639 1196512 1142446 1081773 5871041 13093 39980 14623 13232 11041 91969 41618886 13040130 0.65980 0.68600 X 11250 11250 12792377 12803627 790181 197545 0 0 764132 799003 753900 790181 3107216 4660824 3750 11250 15000 191033 199751 188475 197545 776804 1165206 X X X X 0 14087703 400000 -924699 575000 12998004 12450794 1100 2310809 675000 14087703 11899279 112000 1014515 575000 12450794 12689978 1300 -216999 575000 11899279 12872829 14750 367935 565536 12689978 0.07000 0.79400 0.13600 0 0 8510400 8510400 9229600 2422770 6806830 70447749 18940231 51507518 5214189 4989934 224255 67049003 DEFERRED RENT LIABILITY 31005 31005 10450850 -1237955 80000 -49917 -1207872 11658722 5850 5850 11664572 12696292 80000 80000 12616292 5850 181485 187335 12803627 PART III, LINE 4: THE MUSEUM MAINTAINS A COLLECTION OF WORKS OF CONTEMPORARY ART OBJECTS. A DESCRIPTION OF THE CONTENTS OF THE PERMANENT COLLECTION IS MAINTAINED BY THE REGISTRAR. THE MUSEUM HAS INSURANCE COVERAGE FOR ITEMS ON ITS PREMISES, IN STORAGE, IN TRANSIT AND ON LOAN AT OTHER LOCATIONS. THE VALUE OF THE COLLECTION, WHICH WAS ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE ORGANIZATION'S INCEPTION, IS NOT REFLECTED AS AN ASSET ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE EXPENSED IN THE YEAR OF ACQUISITION. CONTRIBUTIONS OF COLLECTION ITEMS ARE NOT RECOGNIZED IN THE STATEMENT OF ACTIVITIES. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED ON THE STATEMENT OF ACTIVITIES BASED ON THE ABSENCE OR EXISTENCE AND NATURE OF DONOR-IMPOSED RESTRICTIONS. THE COLLECTION IS HELD FOR PUBLIC SERVICE RATHER THAN FINANCIAL GAIN, PROTECTED AND PRESERVED, AND SUBJECT TO AN ORGANIZATIONAL POLICY THAT REQUIRES THE PROCEEDS FROM SALES OF SUCH ITEMS TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. PART V, LINE 4: THE ENDOWMENT IS INTENDED TO SUPPORT THE MUSEUM'S EDUCATION PROGRAMS AND GENERAL OPERATIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RETURN OF PRIOR YEAR GRANT -49,917. PART XII, LINE 4B - OTHER ADJUSTMENTS: ART COLLECTION PURCHASES 181,485. X X X X X X X 1 PRENTICE ART COMMUNICATION 611 BROADWAY SUITE 728 NEW YORK NY 10012 FUNDRAISING EVENT CONSULANT 0 185325 12912 172413 TESS O'DWYER 100 ELEVENTH AVE APT 14C NEW YORK NY 10011 FUNDRAISING CONSULTING AND STRATEGY 0 0 123996 0 DEVELOPMENT GUILD 233 HARVARD STREET SUITE 107 BROOKLINE MA 02446 FUNDRAISING CONSULTING AND STRATEGY 0 0 45000 0 185325 181908 172413 NY MAD BALL 2018 1377788 1220913 156875 156875 LOOT! 2018 881064 625234 255830 48435 207395 1 185075 131550 53525 53525 2443927 1977697 466230 258835 207395 466230 0 X X X X 0 0 0 0 0 0 0 0 0 CHRISTOPHER J SCOATES EXECUTIVE DIRECTOR 180289 0 0 0 0 0 0 0 46 0 180335 0 0 0 DENISE LEWIS CHIEF FINANCIAL OFFICER 170962 0 0 0 0 0 3185 0 8408 0 182555 0 0 0 SHANNON RAE STRATTON CHIEF CURATOR 139050 0 0 0 0 0 4171 0 8877 0 152098 0 0 0 X 40 193920 AUCTION PROCEEDS X 4 1006155 FAIR MARKET VALUE X AUCTION ITEMS 24 52483 AUCTION PROCEEDS X SOFTWARE 1 659 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 JEROME A. CHAZEN, CHAIRMAN EMERITUS, AND SIMONA CHAZEN, TRUSTEE - FAMILY RELATIONSHIP. JEROME A. CHAZEN, CHAIRMAN EMERITUS, AND WILLAM S. TAUBMAN, TRUSTEE - BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT WORKS WITH THE MUSEUM'S AUDIT FIRM TO PREPARE THE 990 TAX RETURN. ONCE THE AUDIT FIRM COMPLETES THE 990 IT IS GIVEN TO MANAGEMENT FOR REVIEW. BOTH THE CFO AND THE CONTROLLER REVIEW THE DOCUMENTS PREPARED BY THE AUDIT FIRM TO ENSURE IT IS ACCURATE AND CONSISTENT WITH THE MATERIAL PROVIDED DURING AUDIT. THE AUDIT COMMITTEE THEN REVIEWS THE DOCUMENT. A COPY OF THE 990 IS PROVIDED TO THE ENTIRE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE MUSEUM'S CONFLICT OF INTEREST POLICY IS CONTAINED WITHIN ITS CODE OF ETHICS POLICY. THIS POLICY APPLIES TO ALL EMPLOYEES AND TO BOARD MEMBERS. AT THE BOARD LEVEL THE POLICY IS PRESENTED AND DISTRIBUTED ANNUALLY. A SELF AUDIT TAKES PLACE AND ANY POTENTIAL CONFLICTS ARE DISCLOSED TO THE EXECUTIVE COMMITTEE OF THE BOARD. ALL EMPLOYEES ARE GIVEN AN EMPLOYEE MANUAL ON THEIR FIRST DAY OF EMPLOYMENT WHICH CONTAINS CERTAIN PROVISIONS OF THE CODE OF ETHICS. THE FULL CODE IS AVAILABLE ON THE MUSEUM INTRANET. ALL POTENTIAL CONFLICTS ARE REPORTED TO THE SENIOR MANAGEMENT OF THE MUSEUM AND DISCUSSED BY BOTH THE DIRECTOR AND THE CFO. WHILE MOST POTENTIAL CONFLICTS ARE STRAIGHTFORWARD, LEGAL COUNSEL IS SOUGHT WHEN NECESSARY. FORM 990, PART VI, SECTION B, LINE 15A THE FINANCE COMMITTEE AND THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS OVERALL PAYROLL INFORMATION FOR THE MUSEUM AND PLANNED INCREASES. THE SALARY OF THE DIRECTOR IS SET BY CONTRACT BY THE EXECUTIVE COMMITTEE. WHEN SETTING THE CONTRACT SALARY, THE COMMITTEE RELIES ON DATA AVAILABLE FROM COMPARABLE INSTITUTIONS AND PUBLISHED IN THE 990S OF OTHER INSTITUTIONS. THE COMMITTEE ALSO CONSIDERS LONGEVITY AND ACCOMPLISHMENTS IN SETTING ALL OF THE TERMS OF THE AGREEMENT. THE SALARY IS SET BASED ON MARKET CONDITIONS, COMPARABLE SALARIES, AND STAFF SALARIES WITHIN THE MUSEUM. THE REMAINING STAFF SALARIES ARE SET BASED ON THE EVALUATION BY THE DIRECTOR AND THE CFO. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART XI, LINE 9: RETURN OF PRIOR YEAR GRANT -49,917.