2026-05-10T20:12:42-05:00 2025-06-30 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 3001 SUMMER STREET 5TH FLOOR EAST STAMFORD CT 06905 990 2024-07-01 237105904 BRUCE MUSEUM INC BRUC 2038690376 1 MUSEUM DRIVE GREENWICH CT 06830 MARY-KATE O'HARE EXECUTIVE DIRECTOR AND CEO 2038690376 2026-05-10 1 1 EVA MRUK P00543254 2033232400 2026-05-08 2024 2025-03-06 01:10:19Z MARY-KATE O'HARE 1 MUSEUM DRIVE GREENWICH CT 06830 10691944 0 X WWW.BRUCEMUSEUM.ORG X 1970 CT THE BRUCE CULTIVATES DISCOVERY AND WONDER, ENGAGING A BROAD AUDIENCE THROUGH THE POWER OF ART AND SCIENCE. 37 36 92 229 204101 0 8855733 6154793 545079 535671 924665 595889 366071 484575 10691548 7770928 0 0 0 0 5190857 5585545 5025 69432 1439406 5784196 5622412 10980078 11277389 -288530 -3506461 96237544 96211219 4073502 3292352 92164042 92918867 X THE BRUCE CULTIVATES DISCOVERY AND WONDER, ENGAGING A BROAD AUDIENCE THROUGH THE POWER OF ART & SCIENCE. 0 0 8756455 0 566350 THE BRUCE MUSEUM, LOCATED IN BRUCE PARK, OVERLOOKING THE LONG ISLAND SOUND IN GREENWICH, CONNECTICUT, HARNESSES THE TRANSFORMATIVE POTENTIAL OF ART AND SCIENCE TO SPARK CURIOSITY AND CONNECTION. OPENING IN 1912 WITH A MULTIDISCIPLINARY VISION, THE MUSEUM HOUSES A UNIQUE COLLECTION THAT ENCOMPASSES VISUAL ARTS AS WELL AS WORKS OF SCIENTIFIC, HISTORICAL AND CULTURAL SIGNIFICANCE SPANNING MILLENNIA. WITH LEARNING AT ITS CORE, THE BRUCE OFFERS WIDE-RANGING EXHIBITIONS AND PUBLIC PROGRAMS, SERVING AS A DYNAMIC CENTER FOR DISCOVERY THAT WELCOMES AND ENGAGES VISITORS OF ALL AGES.THE BRUCE UNDERWENT A DRAMATIC EXPANSION AND UPGRADE IN 2023 WITH THE OPENING OF A NEW BUILDING THAT DOUBLED ITS SIZE AND TRIPLED ITS GALLERY SPACES. IN ITS NEW STATE-OF-THE-ART HOME, THE BRUCE IS DEEPENING ITS ROLE AS A VITAL RESOURCE FOR LEARNING, COMMUNITY BUILDING AND CONNECTIVITY. FOR MORE INFORMATION, VISIT WWW.BRUCEMUSEUM.ORG.IN APRIL 2025, DR. MARY-KATE O'HARE BECAME THE NEW SUSAN E. LYNCH EXECUTIVE DIRECTOR AND CEO. SHE HAS 25 YEARS OF CURATORIAL AND LEADERSHIP EXPERIENCE AND CAME TO THE BRUCE FROM CITI PRIVATE BANK ART ADVISORY, WHERE SHE SERVED AS HEAD OF ART ADVISORY AND DIRECTOR. PRIOR TO HER TIME AT CITI, O'HARE SPENT 13 YEARS AT THE NEWARK MUSEUM, WHERE SHE ASSUMED INCREASINGLY IMPORTANT ROLES FROM ASSISTANT CURATOR TO CURATOR OF AMERICAN ART AND DEPARTMENT HEAD.IN FISCAL 2024/2025 THE MUSEUM HOSTED FOURTEEN CHANGING ART EXHIBITIONS, THREE CHANGING SCIENCE EXHIBITIONS AS WELL AS THREE SEMI-PERMANENT ART EXHIBITIONS AND PERMANENT SCIENCE AND MINERAL EXHIBITIONS. MAJOR EXHIBITIONS INCLUDED:ALASKA ON THIN ICE (MARCH 6 TO OCTOBER 19, 2025)THIS EXHIBIT SHOWCASED ALASKA'S BREATHTAKING LANDSCAPES AND MAJESTIC WILDLIFE WHILE EXPOSING THE REALITY OF ITS SHIFTING LANDSCAPE DUE TO TEMPERATURES RISING FASTER THAN ALMOST ANYWHERE IN THE USA.CONSERVATION THROUGH THE ARTS: CELEBRATING THE FEDERAL DUCK STAMP PROGRAM (SEPTEMBER 5 TO NOVEMBER 23, 2024)THIS EXHIBIT INCLUDED THE DONATION OF 72 WORKS BY RENOWNED WILDLIFE ARTISTS DONATED BY TRUSTEE RICHIE PRAGER. THE EXHIBIT CELEBRATED ONE OF THE MOST SUCCESSFUL CONSERVATION PROGRAMS IN USA HISTORY WITH FUNDS RAISED FROM STAMP SALES CONSERVING OVER 6 MILLION ACRES OF WETLANDS IN ALL 50 STATES. THE EXHIBIT COINCIDED WITH THE MUSEUM HOSTING THE SEPTEMBER 2024 FEDERAL DUCK STAMP CONTEST.BLANCHE LAZZELL: BECOMING AN AMERICAN ARTIST (FEBRUARY 6 TO MAY 4, 2025)THIS WAS THE FIRST EXHIBIT OF HER WORKS IN TWO DECADES INCLUDING MORE THAN 60 WORKS FROM THE ART MUSEUM OF WEST VIRGINIA. IT WAS A TRIBUTE TO A FEMALE ARTIST WHO TRANSLATED EUROPEAN MODERNISM INTO A UNIQUELY AMERICAN FORM. LAZZELL CONSIDERED HERSELF PRIMARILY A PAINTER BUT HER TIME IN PROVINCETOWN, MA REVEALED HER INGENUITY AS A PRINTMAKER WITH HER UNIQUE WHITE-LINE AND COLOR WOODCUTS, WHICH EARNED HER CRITICAL APPRECIATION. HER WOODCUTS BECAME FERTILE GROUND FOR GEOMETRIC ABSTRACTION AND CUBIST FRAGMENTATION.JEREMY FREY: WOVEN (JUNE 5 TO SEPTEMBER 7, 2025)THE FIRST MAJOR RETROSPECTIVE OF A WABANAKI ARTIST IN A FINE ART MUSEUM IN THE USA FEATURED 50 BASKETS AND PRESENTED A COMPREHENSIVE SURVEY OF FREY'S CAREER SPANNING MORE THAN TWO DECADES. THE EXHIBIT WAS ORGANIZED BY THE PORTLAND MUSEUM OF ART. FREY IS A SEVENTH GENERATION PASSAMAQUODDY BASKET MAKER AND ONE OF THE MOST CELEBRATED INDIGENOUS WEAVERS IN THE COUNTRY. IN 2025 FREY RECEIVED THE MACARTHUR FELLOWSHIP, AN $800K AWARD GIVEN TO INDIVIDUALS WHO DEMONSTRATE EXTRAORDINARY CREATIVITY AND POTENTIAL TO IMPACT SOCIETY. 8756455 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 1 0 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 0 0 0 0 1 52 0 92 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 37 36 0 0 1 0 1 1 0 1 1 0 0 0 1 1 1 1 0 1 0 0 X X BILL RAYMOND 2034137525 ONE MUSEUM DRIVE GREENWICH CT 06830 JOHN C HART CO-CHAIR 3.00 X X 0 0 0 KAREN S KEEGAN CO-CHAIR 3.00 X 0 0 0 JUDITH K STEIN MD VICE CHAIR 1.00 X X 0 0 0 REBECCA GILLAN INTERIM CEO THRU MAY 2025 / TREASURER 55.00 X X 53488 0 101 KATHLEEN L METINKO ASSISTANT TREASURER 1.00 X X 0 0 0 CHRIST WOLFE NICHOLS SECRETARY 1.00 X X 0 0 0 SUE MORETTI BODSON TRUSTEE 0.50 X 0 0 0 FRED CAMILLO TRUSTEE 0.01 X 0 0 0 MAURICE J CUNNIFFE TRUSTEE 1.00 X 0 0 0 KATHY C EPSTEIN TRUSTEE 0.60 X 0 0 0 VICKI NETTER FITZGERALD TRUSTEE 0.40 X 0 0 0 HARRY FISHER TRUSTEE 0.04 X 0 0 0 SHAUN FLETCHER TRUSTEE 0.80 X 0 0 0 ERIN GLASEBROOK TRUSTEE 0.50 X 0 0 0 STEVEN GROSSMAN TRUSTEE 0.70 X 0 0 0 LILE R GIBBONS TRUSTEE 0.50 X 0 0 0 TRACY BISHOP HOLTON TRUSTEE, THRU JUNE 2025 1.10 X 0 0 0 GRACE LOCKHART DJURANOVIC TRUSTEE 0.30 X 0 0 0 MICHAEL A KOVNER TRUSTEE 0.20 X 0 0 0 ROBERT H LAWRENCE TRUSTEE 0.50 X 0 0 0 QAHIR MADHANY TRUSTEE 0.80 X 0 0 0 CHARLES M ROYCE TRUSTEE 0.50 X 0 0 0 NICOLE REYNOLDS TRUSTEE 0.30 X 0 0 0 LAURIE RUBIN TRUSTEE 0.30 X 0 0 0 ANNE C SHERRERD TRUSTEE 0.40 X 0 0 0 DEBORAH SIMON TRUSTEE 0.30 X 0 0 0 ANGELA TIMASHEV TRUSTEE 0.01 X 0 0 0 ALEXIS VOULGARIS TRUSTEE 1.00 X 0 0 0 JACQUELINE WALKER TRUSTEE 0.40 X 0 0 0 ANDREW WIENER TRUSTEE 0.40 X 0 0 0 CAROLYN WESTERBERG TRUSTEE 0.40 X 0 0 0 DAVID YUDAIN TRUSTEE 0.40 X 0 0 0 MEGAN M CLARK TRUSTEE 0.40 X 0 0 0 SIMONE MCENTIRE TRUSTEE 1.10 X 0 0 0 ROBERTO MAGANA TRUSTEE 0.90 X 0 0 0 WILLIAM F RUPRECHT TRUSTEE 0.50 X 0 0 0 ABIODUN TOBUN TRUSTEE 1.20 X 0 0 0 CAROLYN HAMRAK CFO, THRU DECEMBER 2024 35.00 X 181150 0 18045 MARY KATHRYN O'HARE EXECUTIVE DIRECTOR /CEO AS OF APRIL 2025 35.00 X 0 0 0 JONATHAN ROHER COO, THRU JULY 2024 35.00 X 86759 0 5295 WILLIAM RAYMOND DIRECTOR OF FINANCE 35.00 X 100753 0 18637 TAYLOR GRAY MARKETING 35.00 X 112453 0 8841 WHITNEY ROSENBERG DIRECTOR OF DEVELOPMENT 35.00 X 185000 0 10726 ANNE VON STUELPNAGEL DIRECTOR OF EXHIBITIONS 35.00 X 119633 0 8342 MARGARITA KARASOULAS DIRECTOR OF ART 35.00 X 108514 0 19043 FELIPE ROGRIGUEZ SECURITY 35.00 X 110954 0 31738 ROBERT WOLTERSTORFF FORMER EXECUTIVE DIRECTOR/CEO 35.00 X 280252 0 33462 1338956 0 154230 12 1 1 0 TURNER CONSTRUCTION 50 WATERVIEW DRIVE SUITE 220 SHELTON CT 06484 CONSTRUCTION SERVICES 588193 EMCOR SERVICES NEW ENGLAND MECHANICAL 55 GERBER ROAD EAST SOUTH WINDSOR CT 06074 MECHANICAL SERVICES 311099 ESKEW DUMEZ RIPPLE ONE CANAL PLACE SUITE 3150 NEW ORLEANS LA 70130 ARCHITECTURAL SERVICES 210670 CHARLES IT LLC 150 WILLIAM STREET MIDDLETOWN CT 06457 IT SERVICES 171239 CLIFTONLARSONALLEN LLP 220 SOUTH 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 LEGAL SERVICES 143593 9 564693 806757 1033068 3750275 577400 6154793 ADMISSIONS 611710 368760 368760 WORKSHOP/PROGRAM FEES 611710 128740 128740 MEMBERSHIP DUES 611710 38171 38171 535671 704470 2493 701977 271524 884 270640 270640 270640 2319080 2427661 -108581 -108581 -108581 264160 806757 306854 -42694 -42694 417904 185617 232287 30679 201608 MISC - COMMISSIONS 900099 24342 24342 24342 7770928 566350 204101 845684 573925 447696 40967 85262 3822270 2981886 272741 567643 153365 119634 10947 22784 606993 473491 43327 90175 428992 334639 30622 63731 63044 63044 64089 64089 69432 69432 107008 107008 722152 489941 76884 155327 297660 291623 439 5598 640606 432576 86886 121144 136675 108387 16761 11527 420422 363931 43046 13445 60246 57993 206 2047 244815 89488 1109 154218 188411 163093 19292 6026 1497020 1295860 153283 47877 64867 49979 9236 5652 EXHIBITIONS/COLLECTIONS 518066 517633 147 286 CLEANING & MAINTENANCE 508847 453276 40454 15117 HONORARIUM 54992 52980 2012 MISC OPERATING EXPENSES 33492 32349 1040 103 11277389 8756455 1081528 1439406 1212987 1045899 1136714 2208399 1955083 740377 97262 85333 41505 52449 63391373 4366914 60412294 59024459 26794712 27948993 4586987 5105310 96237544 96211219 404861 361843 187236 120663 3481405 2809846 4073502 3292352 X 59141825 57001725 33022217 35917142 92164042 92918867 96237544 96211219 X -3506461 4265786 -4500 X X 0 1 X 1 0 X 16423671 12141247 15681535 8855733 6154793 59256979 330754 330754 1115510 1321432 1356138 4454588 16754425 12472001 16797045 10177165 7510931 63711567 7577582 56133985 738322 1432881 716781 1246532 975994 5110510 7507 17796 24342 49645 68871722 2830554 0.81510 0.81810 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2022 AMOUNT: $ 7,507. 2023 AMOUNT: $ 17,796. 2024 AMOUNT: $ 24,342. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 1 30534297 562121 4005943 1485591 33616770 27308408 609165 4098802 1482078 30534297 25622309 1038386 2083409 1435696 27308408 34470346 2602 -7563339 1287300 25622309 24304684 242150 11141753 1218241 34470346 0.00145 0.67310 0.32540 0 0 62652129 3942182 58709947 679858 365346 314512 59386 59386 0 59024459 PRIVATE EQUITY INVESTMENTS 2103841 F HEDGE FUNDS 3001469 F 5105310 X 12116207 4265786 186501 4452287 7663920 107008 107008 7770928 11356882 186501 186501 11170381 107008 107008 11277389 PART III, LINE 4: PURSUANT TO AN AGREEMENT BETWEEN BRUCE MUSEUM, INC. ("BMI") AND THE TOWN OF GREENWICH (THE "TOWN"), THE TOWN RETAINS TITLE OF THE MUSEUM FACILITIES AND THE COLLECTIONS. THE COLLECTIONS CONSISTS OF 19TH AND 20TH CENTURY AMERICAN AND EUROPEAN PAINTINGS, TEXTILES, SCULPTURES, GRAPHICS AS WELL AS WORLD-CLASS MINERALS AND WILDLIFE SPECIMENS. THE MUSEUM ALSO HAS COLLECTIONS OF PRE-COLUMBIAN, NATIVE AMERICAN, AND ASIAN ART. PART V, LINE 4: BMI MAINTAINS VARIOUS DONOR-RESTRICTED AND BOARD-DESIGNATED FUNDS WHOSE PURPOSE IS TO PROVIDE LONG TERM SUPPORT FOR THE MUSEUM'S MISSION AND CHARITABLE PROGRAMS. PART X, LINE 2: BMI RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT BMI HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. FOR INFORMATION RETURNS, BMI IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO YEARS ENDING JUNE 30, 2022 AND PRIOR. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B 185,617. RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B 884. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B 185,617. RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B 884. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 3001469 0 0 0 0 0 0 3001469 0 3001469 0 0 1 0 0 0 PART IV, FOREIGN FORMS, LINE 3: BMI IS NOT REQUIRED TO FILE FORM 5471 AS IT DOES NOT MEET THE APPLICABLE OWNERSHIP THRESHOLD OR OTHER FILING REQUIREMENTS. X X X X X X X 1 MICHELLE CRYER 15 SHORE ACRE DRIVE OLD GREENWICH CT 06870 GRANT WRITING SERVICES 0 20000 10125 9875 CREATIVE FUNDRAISING ADVISORS 1041 GRAND AVE SUITE 225 ST PAUL MN 55105 CAMPAIGN CONSULTANTS 0 0 59307 -59307 20000 69432 -49432 CT ANNUAL GALA 986364 729464 256900 113072 6075 144476 BRUCE VISIONARY AWARDS 68728 62428 6300 10480 10109 1 15825 14865 960 16041 941 5660 1070917 806757 264160 139593 7016 160245 306854 -42694 SCHEDULE G, PART I, LINE 2B, COLUMN (V) THE FEE FOR PROVIDING CAMPAIGN CONSULTANTS TO THE ORGANIZATION SHALL BE $75,000. CFA WILL INVOICE THE BRUCE FOR REASONABLE AND NECESSARY TRAVEL EXPENSES WITHIN THIRTY (30) CALENDAR DAYS AFTER SUCH EXPENSES ARE INCURRED. EACH INVOICE WILL INCLUDE A DETAILED SUMMARY OF EXPENSES ALONG WITH COPIES OF ALL SUPPORTING RECEIPTS. PAYMENT OF ANY EXPENSE INVOICE BY THE BRUCE IS DUE WITHIN THIRTY (30) DAYS FROM THE DATE OF INVOICE ISSUANCE. X X X 1 0 0 0 0 0 0 1 0 ROBERT WOLTERSTORFF FORMER EXECUTIVE DIRECTOR/CEO 111752 0 18500 0 150000 0 14194 0 19268 0 313714 0 0 0 CAROLYN HAMRAK CFO, THRU DECEMBER 2024 128842 0 0 0 52308 0 6673 0 11372 0 199195 0 0 0 WHITNEY ROSENBERG DIRECTOR OF DEVELOPMENT 175000 0 10000 0 0 0 8750 0 1976 0 195726 0 0 0 PART I, LINE 4A ROBERT WOLTERSTORFF CEO, JONATHAN ROHNER COO, AND CAROLYN HAMRAK CFO, RECEIVED SEVERANCE PAYMENTS IN THE AMOUNT OF $150,000, $20,000, AND $52,308, ACCORDINGLY. PART I, LINE 7 THE ORGANIZATION PAID DISCRETIONARY BONUSES TO INDIVIDUALS REPORTED IN PART VII OF THE FORM 990, AND PART II OF SCHEDULE J. THESE AMOUNTS ARE INCLUDED IN THEIR REPORTABLE COMPENSATION. X 12 X 14 422605 AVG. SELLING PRICE X AUCTION ITEMS 65 154795 DONOR PROVIDED VALUE 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B) OF SCHEDULE M. PART I, LINE 33: VARIOUS COLLECTION ITEMS WERE DONATED TO THE MUSEUM, WHICH IS OWNED BY THE TOWN, DURING THE TAX YEAR. TITLE TO ALL OBJECTS IN THE COLLECTIONS OF THE MUSEUM, AND ALL ADDITIONS THERETO, IS VESTED EXCLUSIVELY IN THE TOWN AND IS HELD IN PUBLIC TRUST. ACCORDINGLY, THE MUSEUM DID NOT REPORT INCOME FROM THE DONATIONS OF OBJECTS TO THE MUSEUM'S COLLECTION ON THE FORM 990, PART VIII. DURING THE FISCAL YEAR, APPROXIMATELY 12 TOTAL PIECES OF ART WERE DONATED BY 7 CONTRIBUTORS TO BECOME PART OF THE MUSEUM'S COLLECTIONS. FORM 990, PART VI, SECTION A, LINE 4 ORGANIZATION AMENDED ITS BY-LAWS DURING FISCAL YEAR 2025, THE FOLLOWING CHANGES TO STRUCTURE, AUTHORITY AND DUTIES OF THE ORGANIZATION'S OFFICERS: - IN FEBRUARY 2025, THE BOARD AMENDED THE BYLAWS TO ELIMINATE THE EXECUTIVE DIRECTOR/CHIEF OPERATING OFFICER CO-LEADERSHIP STRUCTURE ESTABLISHED IN 2024 AND TO RETURN TO A SINGLE EXECUTIVE DIRECTOR SERVING AS THE CORPORATION'S CHIEF EXECUTIVE OFFICER FORM 990, PART VI, SECTION A, LINE 6 BMI HAS VARIOUS CLASSES OF MEMBERSHIP AS AUTHORIZED BY THE BOARD OF TRUSTEES. EACH CLASS IS ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED TO A VOTE OF THE MEMBERS, INCLUDING THE ELECTION OF TRUSTEES AT THE ANNUAL MEETING OF THE MEMBERS. THE PERSONS WHO COMPRISE A FAMILY MEMBERSHIP ARE ENTITLED TO ONE VOTE ON EACH MATTER. MEMBERS ARE NOT ENTITLED TO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS OR EXCESS DUES, OR A SHARE OF THE ORGANIZATION'S NET ASSETS UPON THE ORGANIZATION'S DISSOLUTION. FORM 990, PART VI, SECTION A, LINE 7A PURSUANT TO THE MANAGEMENT AGREEMENT BETWEEN BMI AND THE TOWN OF GREENWICH, THE TOWN OF GREENWICH DESIGNATES THREE TRUSTEES WITH VOTING RIGHTS TO THE BOARD OF BMI. THE MEMBERS OF BMI ELECT THE REMAINING TRUSTEES AT THE ANNUAL MEETING OF THE MEMBERS, BY A MAJORITY VOTE OF THE MEMBERS ENTITLED TO VOTE WHO ARE PRESENT IN PERSON OR BY WRITTEN PROXY. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM. ONCE THE FORM 990 IS PREPARED, IT IS REVIEWED BY THE DIRECTOR OF FINANCE AND IS PRESENTED TO THE AUDIT COMMITTEE. ONCE APPROVED BY THE AUDIT COMMITTEE, THE PUBLIC DISCLOSURE COPY OF THE RETURN IS DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BMI HAS A CONFLICT OF INTEREST POLICY WITHIN ITS CODE OF ETHICS WHICH COVERS THE BOARD OF TRUSTEES AS WELL AS THE ORGANIZATION'S STAFF AND OTHER VOLUNTEERS AS NEEDED. ALL OFFICERS AND TRUSTEES ARE REQUIRED TO DISCLOSE ANNUALLY ANY POTENTIAL CONFLICTS OF INTEREST. PER THE TERMS OF THIS POLICY, A TRUSTEE MAY NOT VOTE ON, APPROVE, OR RECOMMEND APPROVAL OF A TRANSACTION BETWEEN THE MUSEUM AND THAT TRUSTEE OR IMMEDIATE FAMILY MEMBER, AND MUST DISCLOSE ANY POTENTIAL CONFLICT PRIOR TO A VOTE OR OTHER ACTION. IF SUCH TRUSTEE IS PRESENT WHEN A MATTER INVOLVING A POTENTIAL CONFLICT OF INTEREST IS CONSIDERED, HE OR SHE MUST LEAVE THE MEETING DURING THAT DISCUSSION AND/OR THE VOTE. ADDITIONALLY, THE POLICY REQUIRES CARE TO BE EXERCISED BY STAFF TO ASSURE THAT NO CONFLICT OR PERCEIVED CONFLICT ARISES BETWEEN THEMSELVES AND THE ORGANIZATION, AND THE STAFF MUST NOT COLLECT FOR THEMSELVES IN COMPETITION WITH THE MUSEUM. CONFLICT OF INTEREST RESTRICTIONS ARE ALSO EXPLAINED TO VOLUNTEERS AND OBSERVED BY THEM. THE EXECUTIVE DIRECTOR & CEO AND A COMMITTEE DETERMINE CONFLICTS AND REVIEW THE CONFLICTS ONCE DETERMINED. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD APPROVES THE EXECUTIVE DIRECTOR'S COMPENSATION INCLUDING BASE COMPENSATION AND POTENTIAL ANNUAL BONUS BASED ON PERFORMANCE GOALS. THE COMPENSATION WAS DOCUMENTED IN A 2019 OFFER LETTER FROM THE BOARD OF DIRECTORS TO THE EXECUTIVE DIRECTOR. THIS PROCESS WAS LAST UNDERTAKEN DURING FISCAL YEAR 2024 BY THE CO-CHAIRS OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES IN CONSULTATION WITH THE EXECUTIVE COMMITTEE. THE ENTIRE BOARD OF TRUSTEES IS KEPT INFORMED AND APPROVES THE EXECUTIVE DIRECTOR'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION POSTS ITS FINANCIAL STATEMENTS ON ITS WEBSITE, AND ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART VI, SECTION B, LINE 14: THE ORGANIZATION DOES NOT YET HAVE A FORMAL WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY; HOWEVER, THE BOARD HAS INITIATED STEPS TO DEVELOP AND IMPLEMENT ONE. FORM 990, PART XI, LINE 9: LOSS ON UNCOLLECTIBLE CONTRIBUTIONS RECEIVABLE -4,500. FORM 990. PART XI, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.