2015-05-15T15:25:01-05:00 2014-06-30 861065772 DELOITTE TAX LLP 225 WEST SANTA CLARA STREET SAN JOSE CA 95113 990 2013-07-01 941704765 ASIAN ART MUSEUM FOUNDATION OF SAN FRANCISCO ASIA 4155813730 200 LARKIN STREET SAN FRANCISCO CA 941024734 JOANNE T CHOU CFO 4155813730 2015-05-08 1 SHARON L ZORBACH P00125475 4087044000 2013 2016-02-25 16:41:14Z JOANNE T CHOU 200 LARKIN STREET SAN FRANCISCO CA 941024734 87737666 0 X WWW.ASIANART.ORG X 1969 CA PUBLIC EXHIBITION OF ART OBJECTS. 49 49 182 0 21067 18417 18419653 31874272 3082272 1418185 4048584 6253031 2516865 2119672 28067374 41665160 0 0 0 0 13202599 14238964 0 0 2410714 14233168 13391090 27435767 27630054 631607 14035106 115732073 134527810 98907361 97174067 16824712 37353743 X THE ASIAN ART MUSEUM OF SAN FRANCISCO IS A PUBLIC INSTITUTION WHOSE MISSION IS TO LEAD A DIVERSE GLOBAL AUDIENCE IN DISCOVERING THE UNIQUE MATERIAL, AESTHETIC, AND INTELLECTUAL ACHIEVEMENTS OF ASIAN ART AND CULTURE. 0 0 17737471 1168258 THE MUSEUM IS ONE OF SAN FRANCISCO'S PREMIER ARTS INSTITUTIONS AND HOME TO A WORLD-RENOWNED COLLECTION OF MORE THAN 18,000 ASIAN ART TREASURES SPANNING 6,000 YEARS OF HISTORY AND REPRESENTING COUNTRIES AND CULTURES THROUGHOUT ASIA. THE COLLECTION'S SCOPE AND BREADTH ENABLE THE MUSEUM TO PROVIDE AN INTRODUCTION TO ALL THE MAJOR TRADITIONS OF ASIAN ART AND CULTURE. MORE THAN 2,500 ARTWORKS FROM THE COLLECTION ARE GENERALLY ON VIEW IN THE MUSEUM'S THIRTY-THREE COLLECTION GALLERIES, WITH ANOTHER 500 OBJECTS REMOVED AND REFRESHED WITH WORKS FROM STORAGE EACH YEAR. EXIT SURVEYS SUGGEST THAT THE MUSEUM HAS STRONG AND GLOBAL REACH - APPROXIMATELY 50% PERCENT OF THE VISITORS CAME FROM THE GREATER BAY AREA, AND 12% ORIGINATED FROM OUTSIDE THE U.S; NEARLY 30% OF LOCAL VISITORS ARE OF ASIAN DESCENT, ECHOING THE REGIONS ETHNIC MAKE-UP. ONGOING DISPLAYS OF ARTS TOTAL 387,077 VISITORS SERVED FROM 7/1/13 TO 6/30/14 911284 0 THE MUSEUM PROVIDES A BROAD RANGE OF PROGRAMS THAT EXPLORE ALL THE CULTURES REPRESENTED IN THE MUSEUM'S COLLECTION AND EXHIBITIONS, AND ARE DESIGNED TO REACH ALL LEVELS OF EDUCATION (K-12, COLLEGE AND ADULT) AND AWARENESS OF ART (NOVICE THROUGH EXPERT). FREE DOCENT-LED TOURS OF THE COLLECTION GALLERIES AND SPECIAL EXHIBITIONS ARE CONDUCTED THROUGHOUT THE DAY. THE MUSEUM'S STORYTELLING CORPS OFFER ENTERTAINING AND EDUCATIONAL PROGRAMS FOR CHILDREN AND ADULTS RELATING TO ARTWORKS ON VIEW. SCHOOL PROGRAMS INCLUDE A VARIETY OF INQUIRY-BASED ACTIVITIES: ALL CLASS TOURS ARE INTERACTIVE AND EMPHASIZE OBSERVATION SKILLS, CRITICAL THINKING, GROUP WORK, AND PEER PRESENTATIONS. MORE THAN 90,000 OF THE MUSEUM'S 284,135 ANNUAL VISITORS PARTICIPATED IN ONE OF THE HUNDREDS OF PUBLIC PROGRAM PRESENTED FROM JULY 1, 2013 - JUNE 30, 2014. 1019309 615159 YOGA: THE ART OF TRANSFORMATION FEBRUARY 21 - MAY 25, 2014 TOTAL ATTENDANCE: 81,870NBORROWED FROM 25 MUSEUMS AND PRIVATE COLLECTIONS IN EUROPE, THE U.S. AND INDIA, THE ARTWORKS FEATURED IN THE EXHIBITION DATED FROM THE 2ND TO THE 20TH CENTURIES. IMAGES RANGING FROM BENEVOLENT DEITIES AND GURUS TO TANTRIC GODDESSES AND SINISTER YOGIS REVEALED HOW YOGA PRACTICES - AND PERCEPTIONS OF THEM - HAVE TRANSFORMED OVER TIME AND ACROSS COMMUNITIES. EXHIBITION HIGHLIGHTS INCLUDED STUNNING MASTERPIECES OF INDIAN SCULPTURE AND PAINTING; PAGES FROM THE FIRST ILLUSTRATED BOOK OF YOGA POSTURES (ASANAS); AND A THOMAS EDISON FILM, HINDOO FAKIR (1902), THE FIRST AMERICAN MOVIE EVER PRODUCED ABOUT INDIA. THE ASIAN ART MUSEUM WAS THE ONLY U.S. WEST COAST VENUE FOR THIS EXHIBITION. 1209956 446043 GORGEOUS: JUNE 20-SEPTEMBER 14, 2014 TOTAL ATTENDANCE: 54,312 GORGEOUS PRESENTED 72 UNIQUELY STUNNING ARTWORKS DRAWN FROM THE COLLECTIONS OF THE ASIAN ART MUSEUM AND THE SAN FRANCISCO MUSEUM OF MODERN ART. SPANNING OVER 2,200 YEARS AND DOZENS OF CULTURES, THESE ARTWORKS WERE ORGANIZED IN AN ATTEMPT TO SHIFT THE FOCUS FROM HISTORICAL AND CULTURAL CONTEXTS, EMPHASIZING INSTEAD THE UNIQUE WAYS EACH WORK ANNOUNCES ITSELF OR SOLICITS A VIEWER'S ATTENTION. WE BLENDED PAINTINGS, SCULPTURES, OBJECTS OF HIGH DESIGN OR DECORATION AND PHOTOGRAPHS. ARTISTS LIKE MARCEL DUCHAMP AND MARILYN MINTER MINGLE WITH WORKS THAT SPAN THE EXTENT OF ASIA, INCLUDING A 1,000 YEAR-OLD INDIAN SCULPTURE OF THE HINDU DEITY DURGA VICTORIOUS OVER A BUFFALO DEMON. ACROSS FROM A PICASSO, YOU MIGHT SPOT A DECORATED QUR'AN FROM 16TH-CENTURY PERSIA OR AN ARRESTING PHOTOGRAPH BY SALLY MANN.IN GRAND STYLE: CELEBRATIONS IN KOREAN ART DURING THE JOSEON DYNASTY: OCTOBER 25, 2013-JANUARY 12, 2014 TOTAL ATTENDANCE: 35,814. IN THIS EXCLUSIVE PRESENTATION,IN GRAND STYLE CELEBRATED THE JOSEON DYNASTY (1392 - 1910), SHOWCASED MORE THAN 110 TREASURED OBJECTS THAT SPEAK OF A GLORIOUS HERITAGE, FOCUSING ON CELEBRATIONS, FESTIVALS, ELABORATE RITES, DANCE, MUSIC AND PROCESSIONS. IN GRAND STYLE NARRATED AND ILLUSTRATED THE HISTORY OF THE DYNASTY'S 27 KINGS AND ITS QUEENS THROUGH THEIR RITUALS. THE ART HIGHLIGHTED IN THE EXHIBITION WAS LENT TO THE MUSEUM BY NUMEROUS INSTITUTIONS IN KOREA AND THE U.S., PRIMARILY THE NATIONAL MUSEUM OF KOREA AND THE NATIONAL PALACE MUSEUM OF KOREA. IN GRAND STYLE WAS BASED ON THE EXHIBITION SCENES OF BANQUETS AND CEREMONIES OF THE JOSEON PERIOD HELD BY THE NATIONAL MUSEUM OF KOREA IN 2009. IN THE MOMENT: JAPANESE ART FROM THE LARRY ELLISON COLLECTION: JUNE 28-SEPTEMBER 22,2013: INTRODUCING 64 EXCEPTIONAL ARTWORKS SPANNING 1,100 YEARS, THE EXHIBITION EXPLORED THE DYNAMIC NATURE OF ART SELECTION AND DISPLAY IN TRADITIONAL JAPANESE SETTINGS, WHERE ARTWORKS ARE OFTEN TEMPORARILY PRESENTED IN RESPONSE TO A SPECIAL OCCASION OR TO REFLECT THE CHANGE OF SEASONS. IN THE MOMENT ALSO CONSIDERED MR. ELLISON'S ACTIVE INVOLVEMENT IN DISPLAYING ART IN HIS JAPANESE-STYLE HOME, SHEDDING LIGHT ON HIS APPRECIATION FOR JAPAN'S ART AND CULTURE. INCLUDED IN THE EXHIBITION WERE SIGNIFICANT WORKS BY NOTED ARTISTS OF THE MOMOYAMA (1573 - 1615) AND EDO (1615 - 1868) PERIODS ALONG WITH OTHER IMPORTANT EXAMPLES OF RELIGIOUS ART, LACQUER, WOODWORK, AND METALWORK. HIGHLIGHTS INCLUDED A 13TH - 14TH CENTURY WOODEN SCULPTURE OF SHOTOKU TAISHI; SIX-PANEL FOLDING SCREENS DATING TO THE 17TH CENTURY BY KANO SANSETSU; AND 18TH CENTURY PAINTINGS BY ACCLAIMED MASTERS MARUYAMA OKYO AND ITO JAKUCHU. 1209956 446043 20878020 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 0 0 1 0 0 1 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 108 0 1 182 1 1 1 0 0 0 0 1 1 0 0 0 0 0 X 49 49 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X FINANCE DEPARTMENT- ASIAN ART MUSEUM 4155813730 200 LARKIN STREET SAN FRANCISCO CA 941024734 ANTHONY SUN CHAIR 1.00 X X 0 0 0 AKIKO YAMAZAKI PRESIDENT 1.00 X X 0 0 0 ROBERT L DUFFY VICE PRESIDENT 1.00 X X 0 0 0 TIMOTHY F KAHN VICE PRESIDENT/TREASURER 1.00 X X 0 0 0 STEPHEN KAHNG SECRETARY 1.00 X X 0 0 0 ROBERT R ACKERMAN JR TRUSTEE (TO 06/24/14) 1.00 X 0 0 0 BETTY N ALBERTS TRUSTEE 1.00 X 0 0 0 ELLEN BURSTEIN BAUCH TRUSTEE 1.00 X 0 0 0 RICHARD BELESON TRUSTEE 1.00 X 0 0 0 RICHARD C BLUM TRUSTEE 1.00 X 0 0 0 WILLIAM K BOWES JR TRUSTEE 1.00 X 0 0 0 ELIZA CASH TRUSTEE 1.00 X 0 0 0 JAMIE CHEN TRUSTEE 1.00 X 0 0 0 LLOYD E COTSEN TRUSTEE 1.00 X 0 0 0 DIXON R DOLL TRUSTEE 1.00 X 0 0 0 CHRIS DUPUY TRUSTEE (TO 06/24/14) 1.00 X 0 0 0 FRED EYCHANER TRUSTEE 1.00 X 0 0 0 MIMI GARDNER GATES TRUSTEE 1.00 X 0 0 0 SARAH P HAMBRECHT TRUSTEE 1.00 X 0 0 0 ROBERT Y C HO TRUSTEE 1.00 X 0 0 0 RONALD HOGE TRUSTEE 1.00 X 0 0 0 SUNG-JIN INGRISELLI TRUSTEE (FROM 03/25/14) 1.00 X 0 0 0 PAMELA JOYNER TRUSTEE (TO 09/24/13) 1.00 X 0 0 0 C N KEATING TRUSTEE 1.00 X 0 0 0 PHYLLIS A KEMPNER EX OFFICIO (TO 06/24/14) 1.00 X 0 0 0 MICHAEL K KIM TRUSTEE (TO 09/24/13) 1.00 X 0 0 0 S TIMOTHY KOCHIS TRUSTEE 1.00 X 0 0 0 BARRY LAM TRUSTEE 1.00 X 0 0 0 CHONG-MOON LEE TRUSTEE 1.00 X 0 0 0 MING LEE TRUSTEE 1.00 X 0 0 0 LINDA LEI EX OFFICIO (FROM 06/24/14) 1.00 X 0 0 0 ALEXANDRA LENEHAN TRUSTEE 1.00 X 0 0 0 FRED M LEVIN TRUSTEE 1.00 X 0 0 0 GORRETTI LO LUI TRUSTEE 1.00 X 0 0 0 KUMAR MALAVALLI TRUSTEE 1.00 X 0 0 0 KEVIN J MARTIN TRUSTEE 1.00 X 0 0 0 KEVIN MCCABE TRUSTEE (TO 06/24/14) 1.00 X 0 0 0 CONSTANCE C MILLER TRUSTEE 1.00 X 0 0 0 MAGGIE Y MUI TRUSTEE 1.00 X 0 0 0 NANCI E NISHIMURA TRUSTEE (TO 09/24/13) 1.00 X 0 0 0 HIROMITSU OGAWA TRUSTEE 1.00 X 0 0 0 MASASHI OKA TRUSTEE 1.00 X 0 0 0 SUNO KAY OSTERWEIS TRUSTEE 1.00 X 0 0 0 CARL F PASCARELLA TRUSTEE 1.00 X 0 0 0 DAVID CHUN-YEE PONG TRUSTEE 1.00 X 0 0 0 GLENN A RAMSDELL TRUSTEE (TO 03/25/14) 1.00 X 0 0 0 LESLIE TANG SCHILLING TRUSTEE (FROM 01/21/14) 1.00 X 0 0 0 KOMAL SHAH TRUSTEE 1.00 X 0 0 0 MERRILL RANDOL SHERWIN TRUSTEE 1.00 X 0 0 0 LUCY SUN TRUSTEE 1.00 X 0 0 0 ANN TANENBAUM TRUSTEE 1.00 X 0 0 0 INA GOODWIN TATEUCHI TRUSTEE 1.00 X 0 0 0 DOUGLAS A TILDEN TRUSTEE (TO 06/24/14) 1.00 X 0 0 0 BOB TSAO TRUSTEE 1.00 X 0 0 0 ALICE TRINKL EX OFFICIO TRUSTEE 1.00 X 0 0 0 NICHOLAS UNKOVIC TRUSTEE 1.00 X 0 0 0 SUSY WADSWORTH TRUSTEE (TO 01/21/14) 1.00 X 0 0 0 JUDITH F WILBUR TRUSTEE 1.00 X 0 0 0 KEN WILCOX TRUSTEE 1.00 X 0 0 0 NAN TUCKER MCEVOY HONORARY TRUSTEE 1.00 X 0 0 0 JOANNE T CHOU CFO (FROM 05/01/14) 40.00 X 0 0 0 JAY XU DIRECTOR OF MUSEUM 40.00 X 390515 0 60096 MARK MCLOUGHLIN COO (THROUGH 1/20/14) 40.00 X 182191 0 12853 DORI S BAILEY CHIEF ENGAGEMENT OFFICER 40.00 X 160503 0 19125 NANCY M BRENNAN CHIEF PHILANTHROPY OFFICER 40.00 X 156855 0 5085 VALERIE PECHENIK DIRECTOR OF HUMAN RESOURCES 40.00 X 130063 0 23006 FORREST MCGILL CHIEF CURATOR 40.00 X 128768 0 29805 JAMES HORIO DIRECTOR OF IT 40.00 X 121569 0 11680 1270464 0 161650 13 0 1 0 EVENTS MANAGEMENT INC 350 FLORIDA STREET SAN FRANCISCO CA 94110 CATERING SERVICES 554701 COSTLESS MAINTENANCE SERVICES CO INC 3254 19TH STREET SAN FRANCISCO CA 94110 CUSTODIAL SERVICES 343865 PACIFIC TECHNOLOGY CCTV INC 3254 19TH STREET SAN FRANCISCO CA 94901 SECURITY CAMERA INSTALLATION 246559 BURKE CONSTRUCTION 1455 E FRANCISCO BOULEVARD SUITE F SAN RAFAEL CA 94901 CONSTRUCTION SERVICES 194562 DELOITTE & TOUCHE LLP PO BOX 7247-6446 PHILADELPHIA PA 19170 AUDITING SERVICES 150000 12 1506467 232 8167898 22199675 5987290 31874272 ADMISSION REVENUE 713990 1305834 1305834 PUBLICATION REVENUE 713990 57468 57468 OTHER REVENUE 722210 54883 54883 1418185 2436202 21484 2414718 593960 109180 484780 484780 484780 48678386 44861557 3816829 3816829 3816829 1219811 232 395777 824034 824034 1398025 705992 692033 692450 -417 COMMISSION FROM CAFE 722210 118825 118825 118825 41665160 2229460 21067 7540361 636918 333871 276572 26475 10241918 7589446 1641281 1011191 1003531 743511 155811 104209 1731153 1286731 271863 172559 625444 464438 99626 61380 207890 207890 320975 259990 35307 25678 1800796 1257644 232779 310373 734388 712015 11373 11000 548755 240058 284352 24345 253019 70520 180600 1899 1263539 1023466 138989 101084 685917 508697 115716 61504 161811 119255 1756 40800 4419335 3579667 486124 353544 377919 300365 47621 29933 496406 395597 100809 PRINTING/PUBLICATION 925512 860172 12992 52348 SUPPLIES 584720 522469 39859 22392 PARTICIPATION FEES 481104 481104 0 0 ACQUISITION 67083 67083 0 0 61921 61921 27630054 20878020 4341320 2410714 11150 12415 9815168 8615626 3147093 11304800 828502 988944 362049 406337 475654 447533 13217041 12083119 712699 1133922 59781033 69041737 40598725 42576496 115732073 134527810 2383534 2517955 983827 841112 95540000 93815000 98907361 97174067 X -17015437 -8632328 15363247 17305949 18476902 28680122 16824712 37353743 115732073 134527810 X 14035106 6255393 137339 101193 X 0 1 X 1 1 1 X 17353016 15314575 14703881 18419653 31874272 97665397 17353016 15314575 14703881 18419653 31874272 97665397 14451262 83214135 2095453 2265370 3070244 2471647 3030162 12932876 21067 21067 86728 21123539 1293744 1606450 1219811 25330272 135949612 16457242 0.61210 0.67480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 33307456 10203220 2737450 84571 46163555 29545504 0 3840233 0 0 78281 33307456 30291503 1000 -654576 92423 29545504 25632754 500 4748000 89751 30291503 22990850 25000 2704994 88090 25632754 0.14380 0.23490 0.62130 1 0 12600008 11556986 1043022 617033 526133 90900 1133922 INVESTMENTS HELD IN TRUSTS 2473467 F ALTERNATIVE INVESTMENTS 34733254 F LIMITED PARTNERSHIP 5369775 F 42576496 PART III, LINE 1A: COLLECTIONS - THE MUSEUM'S PERMANENT COLLECTIONS REPRESENT MORE THAN 40 ASIAN COUNTRIES AND SPAN 6,000 YEARS OF ASIAN HISTORY. OBJECTS ARE HELD FOR EDUCATIONAL, RESEARCH, AND CURATORIAL PURPOSES. UNDER THE MUSEUM'S COLLECTIONS MANAGEMENT POLICY, ALL OBJECTS ARE CATALOGUED, PRESERVED, AND CARED FOR. ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED REGULARLY. TITLE TO THE PERMANENT COLLECTION OF WORKS OF ART RESTS WITH THE CITY. IF ACCEPTED INTO THE PERMANENT COLLECTION, DONATED ART OBJECTS BECOME THE PROPERTY OF THE CITY AND ARE NOT RECORDED IN THE MUSEUM'S COMBINED FINANCIAL STATEMENTS. PURCHASES OF ART ARE RECORDED AS AN EXPENSE IN THE MUSEUM'S COMBINED STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS. THE MUSEUM DEACCESSIONS OBJECTS DEEMED NO LONGER RELEVANT TO THE PERMANENT COLLECTION IN ACCORDANCE WITH THE MUSEUM'S COLLECTIONS MANAGEMENT POLICY. PROCEEDS FROM DEACCESSIONS ARE USED TO ACQUIRE OTHER OBJECTS FOR THE COLLECTION. THERE WERE NO DEACCESSIONS IN FISCAL YEARS 2014 AND 2013. CENTRAL AMERICA & THE CARIBBEAN 0 0 INVESTMENTS NOT APPLICABLE 26968142 0 0 0 0 0 0 26968142 0 26968142 1 0 1 1 1 0 X X X X X X X CA YOGA GALA 381416 381416 79283 4389 25509 IN GRAND STYLE GALA 374350 374350 90738 48163 3 464277 232 464045 46656 12929 88110 1220043 232 1219811 216677 17318 161782 395777 824034 X X X X X 0 0 0 0 0 0 0 0 0 JAY XU DIRECTOR OF MUSEUM 341765 0 48750 0 0 0 36303 0 23793 0 450611 0 0 0 MARK MCLOUGHLIN COO (THROUGH 1/20/14) 182191 0 0 0 0 0 12853 0 0 0 195044 0 0 0 DORI S BAILEY CHIEF ENGAGEMENT OFFICER 160503 0 0 0 0 0 10773 0 8352 0 179628 0 0 0 NANCY M BRENNAN CHIEF PHILANTHROPY OFFICER 156855 0 0 0 0 0 5085 0 0 0 161940 0 0 0 VALERIE PECHENIK DIRECTOR OF HUMAN RESOURCES 130063 0 0 0 0 0 7339 0 15667 0 153069 0 0 0 FORREST MCGILL CHIEF CURATOR 128768 0 0 0 0 0 19949 0 9856 0 158573 0 0 0 A CALIFORNIA ENTERPRISE DEVELOPMENT AUTHOR 352273601 2011-02-11 96985000 REFUND BONDS ISSUED 2/3/2005 0 0 0 A 1445000 96985000 6238819 1439 96983561 1 0 1 1 A 0 0 0 1 0 0 1 JP MORGAN CHASE 18.800000000000 1 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CALIFORNIA ENTERPRISE DEVELOPMENT AUTHOR DATE THE REBATE COMPUTATION WAS PERFORMED: 08/08/2013 PART III COLUMN A THIS HAS BEEN LEFT BLANK, AS THE ORIGINAL PROJECT FINANCED WAS ISSUED PRIOR TO 1/1/2003 PART IV, LINE 2C A REBATE COMPUTATION WAS PERFORMED ON 08/08/2013. DIXON R DOLL TRUSTEE 460031 0 SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: PART IV: DIXON R. DOLL, A TRUSTEE MEMBER OF THE ORGANIZATION, HAS LIMITED PARTNERSHIP INVESTMENTS IN DCM IV AND DCM V VALUED AT $100,149 AND $359,882 , RESPECTIVELY. X 22 5807047 COST OR SELLING PRICE X MONITORS & TV 1 155254 COST OR SELLING PRIC X AIR FARES 1 24989 COST OR SELLING PRIC 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE OFFICE SENDS THE COPY OF THE FORM 990 TO THE EXECUTIVE COMMITTEE FOR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY COVERS BOARD MEMBERS AND STAFF. TRUSTEES ARE ASKED TO INFORM THE BOARD IN ADVANCE AND AS FULLY AS PRACTICABLE OF ANY TRANSACTIONS WITH THE MUSEUM OR THROUGH A BUSINESS RELATIONSHIP WITH AN ASIAN ART COMMISSIONER OR A FOUNDATION TRUSTEE IN WHICH THEY HAVE AN ECONOMIC INTEREST IN ORDER FOR THE TRUSTEES TO REVIEW AND APPROVE OR DISAPPROVE THE TRANSACTION. IF A CONFLICT WERE TO EXIST THE ISSUE WOULD BE REVIEWED BY THE MUSEUM'S ETHICS COMMITTEE OR THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR'S COMPENSATION IS STIPULATED BY AN EMPLOYMENT CONTRACT WITH THE ORGANIZATION. THE CHAIR OF THE BOARD AND THE COMPENSATION COMMITTEE NEGOTIATE THIS EMPLOYMENT CONTRACT WITH THE DIRECTOR PRIOR TO ITS APPROVAL BY THE FULL BOARD. THE BOARD'S COMPENSATION COMMITTEE RELIES UPON SURVEY DATA FROM OTHER LIKE ARTS ORGANIZATIONS TO DETERMINE THE MARKET VALUE OF THE DIRECTOR'S POSITION. FORM 990, PART VI, SECTION C, LINE 19 THE AUDITED FINANCIAL STATEMENTS AND THE FORM 990S ARE POSTED TO THE ASIAN ART MUSEUM WEBSITE. ALL OTHER INFORMATION IS PROVIDED TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN FMV (SPLIT INTEREST AGREEMENT) 101,193.