2024-05-09T22:24:20-05:00 2023-06-30 450250958 EIDE BAILLY LLP 10681 FOOTHILL BLVD STE 300 RANCHO CUCAMONGA CA 917303831 990 2022-10-01 951809576 PALM SPRINGS ART MUSEUM PALM 7603224851 101 N MUSEUM DR PALM SPRINGS CA 92262 JANE EMISON CHAIR 7603224851 2024-05-06 1 JANE EMISON 999009999 0 CATHERINE L GRAY CPA P01294460 9094664410 2024-05-06 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JANE EMISON 101 N MUSEUM DR PALM SPRINGS CA 92262 13110546 0 X WWW.PSMUSEUM.ORG X 1938 CA PALM SPRINGS ART MUSEUM IS COMMITTED TO EXPRESSING OUR UNIQUE VOICE AS AN INCLUSIVE, 21ST CENTURY MUSEUM, AND EVOLVING CENTER OF COMMUNITY BELONGING. 23 23 119 450 0 0 5736810 5680642 1461559 1338152 1188740 25012 530073 327210 8917182 7371016 0 0 0 0 4826165 4136050 9293 0 484085 4212067 3703302 9047525 7839352 -130343 -468336 35721685 38254186 868345 773422 34853340 37480764 X PALM SPRINGS ART MUSEUM CREATES TRANSFORMATIVE EXPERIENCES THAT EXPAND OUR UNDERSTANDING OF OURSELVES AND THE WORLD. PALM SPRINGS ART MUSEUM HAS A WIDE-REACHING AND GROWING PERMANENT COLLECTION OF OVER 12,000 OBJECTS ROOTED IN MODERN AND CONTEMPORARY ART, ARCHITECTURE, AND DESIGN THAT HAS DEVELOPED FROM OF OUR UNIQUE HISTORY, CULTURE, AND PLACE.THE MUSEUM'S COLLECTION, EXHIBITION, AND EDUCATION PROGRAMS CONNECT THE PUBLIC WITH ART AND IDEAS THAT SERVE AND ADAPT WITH THE DYNAMIC AND GROWING COMMUNITY THAT CALLS PALM SPRINGS HOMEAS WELL AS NEW GENERATIONS OF VISITORS WHO CONTINUE TO MAKE THE AREA A DESTINATION FOR REJUVENATION, ENTERTAINMENT, AND CULTURAL EXCURSION.THE MUSEUM IS COMMITTED TO HARNESSING THE RICH LEGACY, DIVERSE CREATIVE OPPORTUNITIES, AND PHILANTHROPIC SUPPORT THAT IS SHAPING OUR MUSEUM'S FUTURE AND MAKE AN IMPACT UPON THE EVOLVING CULTURAL LANDSCAPE OF OUR REGION. 0 0 5878225 1998392 FOUNDED IN 1938, PALM SPRINGS ART MUSEUM (PSAM) IS THE LARGEST ARTS CULTURAL INSTITUTION IN THE COACHELLA VALLEY. ACCREDITED BY THE AMERICAN ASSOCIATION OF MUSEUMS, THE MUSEUM HAS 28 GALLERIES, TWO SCULPTURE GARDENS, FOUR CLASSROOMS, A RESOURCE CENTER, FIVE STORAGE VAULTS, AN 85-SEAT LECTURE HALL, A 433-SEAT PROFESSIONAL THEATER, A 1,000 SQUARE-FOOT STORE SPACE, A PERMANENT COLLECTION OF 12,000+ WORKS OF ART (INCLUDING PAINTING, SCULPTURE, PHOTOGRAPHY, DRAWINGS, PRINTS, AND MEDIA WORKS, WITH STRENGTHS IN MODERN AND CONTEMPORARY ART), AND A BISTRO ALL IN A 150,000 SQUARE-FOOT ARCHITECTURALLY SIGNIFICANT BUILDING. OUR SATELLITE LOCATION, THE ARCHITECTURE AND DESIGN CENTER, EDWARDS HARRIS PAVILION FEATURES A 17,000 SQUARE-FOOT SPACE FOR EXHIBITIONS AND PROGRAMMING. WE ALSO HAVE A SATELLITE OUTDOOR VENUE, THE FOUR-ACRE FAYE SARKOWSKY SCULPTURE GARDEN IN PALM DESERT WHICH IS FREE AND OPEN 24/7. WE CURRENTLY OFFER 10 MEMBERSHIP LEVELS RANGING FROM $50 TO $25,000. MEMBERSHIP IN 2023 REMAINED STEADY WITH 3,300 MEMBERS; SLIGHTLY DOWN FROM THE PREVIOUS YEAR.IN FISCAL YEAR ("FY") 2022, OUR VISITOR TOTAL WAS 134,557 AND IN FY 2023, WE SAW A NEARLY 10% INCREASE TO 147,967 VISITORS. VISITATION HAS EXCEEDED OUR PRE-PANDEMIC LEVELS. IN TERMS OF REVENUE, FY 2022 ADMISSIONS REVENUE WAS $1,107,427. IT DECLINED BY 4.3% TO $1,059,852 IN FY 2023. FY 2023 WAS ONLY NINE MONTHS DUE TO CHANGING OUR FISCAL YEAR END TO JUNE 30 FROM SEPTEMBER 30.THE MUSEUM PRESENTED THREE MAJOR EXHIBITIONS IN OUR MAIN MUSEUM IN FY 2023, INCLUDING ONE FEATURING DIGITAL ARTIST PETRA CORTRIGHT, ANOTHER ON THE WORK OF LIGHT AND SPACE ARTIST PHILIP K. SMITH III, AND AN EXHIBITION OF 86 WORKS DONATED TO THE PERMANENT COLLECTION BY PATRON AND CHAIR EMERITA DONNA MACMILLAN. THE MUSEUM CONTINUED ITS OUTBURST PROJECTS OF SMALL-FORMAT EXHIBITIONS FOR EMERGING ARTISTS AND FEATURED LOS ANGELES-BASED ARTIST GABRIELLA RUIZ AND FOUR OF HER CONTEMPORARIES AS WELL AS A WINTER EXHIBITION OF WORK BY NEW YORK-BASED ARTIST TAJH RUST. THERE HAVE ALSO BEEN SEVERAL SMALLER-SCALED EXHIBITIONS OF WORK DRAWN FROM THE MUSEUM'S PERMANENT COLLECTION, INCLUDING PRESENTATIONS OF GLASS ART, MEXICAN DRAWING AND PAINTING, CONTEMPORARY PHOTOGRAPHY, DESERT LANDSCAPES, AND CONTEMPORARY AFRICAN ARTISTS. AT THE ARCHITECTURE AND DESIGN CENTER, AMERICAN FRAMING FOCUSED ON A COMMON YET LITTLE UNDERSTOOD BUILDING METHOD AND ESO ES LA VIDA PROVIDED AN OVERVIEW OF GRAPHIC DESIGN FROM MEXICO. THE MUSEUM CONTINUED TO HOLD "THURSDAY NIGHT SESSIONS" FEATURING FREE ADMISSION FROM 5:00 8:00 P.M. AS WELL AS ART ACTIVITIES AND DJS IN THE GALLERIES. THURSDAY NIGHT SESSIONS IS SPONSORED BY THE CITY OF PALM SPRINGS. THE PUBLIC PROGRAMMING DEPARTMENT ALSO BUILT UPON THE FAMILY+ SERIES OF FREE ADMISSION AND ACTIVITIES EVERY THIRD SUNDAY OF THE MONTH. ADDITIONALLY, WE WORKED WITH DIFFERENT COMMUNITY-BASED GROUPS AND ORGANIZATIONS TO WELCOME NEW AUDIENCES THROUGH SPECIAL LIMITED EXHIBITIONS, LECTURES, PERFORMANCES, AND ACTIVITIES. THE MUSEUM ALSO WELCOMED NEW PARTNERSHIPS WITH RIVERSIDE COUNTY OFFICE OF EDUCATION, MIGRANT EDUCATION WHO BROUGHT STUDENTS FROM ACROSS THE EASTERN END OF THE COACHELLA VALLEY TO DO STUDIO VISITS WITH OUR ARTISTS IN RESIDENCE THROUGH THE OUTBURST RESIDENCY. THE MUSEUM CONTINUED TO STRENGTHEN ONGOING PARTNERSHIPS WITH THE PALM SPRINGS BLACK HISTORY MONTH COMMITTEE, MODERNISM WEEK, AND THE PALM SPRINGS INTERNATIONAL FILM FESTIVAL. INDIVIDUAL LECTURES WERE PRESENTED INVOLVING EXHIBITING AND VISITING ARTISTS AND CURATORS, ARCHITECTS, CREATIVES, AND EDUCATORS. MANY OF THESE LECTURES WERE PRESENTED AS HYBRID WEBINARS FOR THOSE UNABLE TO MAKE IT TO PALM SPRINGS AND WERE LATER POSTED TO THE MUSEUM'S YOUTUBE CHANNEL. IN 2023, THE MUSEUM AGAIN PRESENTED A MUSEUM-WIDE PRIDE CELEBRATION FOR THE LGBTQ+ COMMUNITY AND ITS ALLIES, AS WELL ITS ANNUAL SUMMER FILM SERIES. 5878225 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 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 0 0 0 0 1 80 0 1 119 1 0 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X NICHOLE PINGREE 7603224851 101 N MUSEUM DR PALM SPRINGS CA 92262 LEO MARMOL TRUSTEE 1.00 X 0 0 0 FAYE SARKOWSKY TRUSTEE 1.00 X 0 0 0 MARK LEONARD TRUSTEE 1.00 X 0 0 0 MATT FELTON TRUSTEE 1.00 X 0 0 0 AMJAD BANGASH TRUSTEE 2.00 X 0 0 0 ROBERTA HOLLAND TRUSTEE 1.00 X 0 0 0 JAMES EGAN TRUSTEE 2.00 X 0 0 0 MARILYN LOESBERG TRUSTEE 1.00 X 0 0 0 LEONARD S EBER TRUSTEE 1.00 X 0 0 0 DIANE RUBIN TRUSTEE 1.00 X 0 0 0 BARBARA GOTHARD TRUSTEE 1.00 X 0 0 0 LJ CELLA TRUSTEE 2.00 X 0 0 0 JOHN P MONAHAN TRUSTEE 1.00 X 0 0 0 WILLIAM L HOOD TRUSTEE 1.00 X 0 0 0 GARY GRACE TRUSTEE 1.00 X 0 0 0 PAME SCHMIDER TRUSTEE 1.00 X 0 0 0 LINDA SINGH TRUSTEE 1.00 X 0 0 0 BARRY W MORSE MD TRUSTEE 1.00 X 0 0 0 GARY N SCHAHET TRUSTEE 1.00 X 0 0 0 GWENDOLYN WEINER TRUSTEE 1.00 X 0 0 0 PHILLIP SMITH TRUSTEE 1.00 X 0 0 0 DONNA MACMILLAN TRUSTEE 1.00 X 0 0 0 ROSWITHA SMALE TRUSTEE 1.00 X 0 0 0 MARY INGEBRAND-POHLAD TRUSTEE 1.00 X 0 0 0 VEE SOTELO ASSISTANT SECRETARY 8.00 X X 0 0 0 TOM MINDER SECRETARY 8.00 X X 0 0 0 RICHARD CAIN TREASURER 8.00 X X 0 0 0 CRAIG HARTZMAN EXECUTIVE VICE CHAIR 8.00 X X 0 0 0 JANE EMISON EXECUTIVE CHAIR 14.00 X X 0 0 0 JACK PEIRCE DEPUTY DIRECTOR/CFO 40.00 X 143707 0 25996 ADAM LERNER CEO 40.00 X 301787 0 36019 MARK L BAUMGARTNER CHIEF ADVANCEMENT OFFICER 40.00 X 162582 0 11769 608076 0 73784 5 0 1 0 ALLIED GLASS DOOR 747 EUGENE RD PALM SPRINGS CA 92264 NEW WINDOW INSTALLATION FOR MAIN MUSEUM 183730 HR ADVANTAGE 73161 FRED WARING DR SUITE 100 PALM DESERT CA 922603820 HUMAN RESOURCES 150364 2 878775 725000 4076867 157682 5680642 ADMISSIONS 711210 1059852 1059852 MEMBERSHIP DUES 168032 168032 EXHIBITIONS & PROGRAMS 110268 110268 1338152 378266 378266 4824843 5178097 -353254 -353254 -353254 0 878775 333030 -333030 -333030 520117 228403 291714 291714 FACILITY USE FEE 368526 368526 368526 7371016 1998392 0 -308018 X 574572 102044 421506 51022 2952632 2537390 196470 218772 317496 177422 132005 8069 291350 227997 44201 19152 42211 42211 32850 30850 2000 75265 75265 1146057 853633 248281 44143 11891 11891 225781 212408 11380 1993 91433 37398 46269 7766 229046 229046 78034 59706 13071 5257 214844 156338 6575 51931 21588 21588 450220 447150 3070 164601 134378 21292 8931 REPAIRS AND MAINTENANCE 176532 176532 MISCELLANEOUS 142207 122644 18118 1445 POSTAGE AND DELIVERY 120393 99204 3638 17551 BANK CHARGES 100013 63605 12453 23955 380336 229439 128799 22098 7839352 5878225 1477042 484085 1097868 158093 1310664 598754 1742263 1379885 1194518 242309 261615 219420 144669 30444937 18801592 11463241 11643345 16669050 22038987 2976870 834320 35721685 38254186 693217 569880 175128 96476 0 107066 868345 773422 X 9663515 9599795 25189825 27880969 34853340 37480764 35721685 38254186 X -468336 2977556 118204 X 0 1 X 1 0 X 1003978 6417706 5350102 5019938 5680642 23472366 1003978 6417706 5350102 5019938 5680642 23472366 23472366 472032 409061 356757 382881 378266 1998997 487115 486941 1212890 530073 659970 3376989 28848352 0.81360 0.80820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 12195226 6566 2931213 1032830 14100175 17945205 -3090293 2560400 99286 12195226 18662455 5950 2332918 2953111 103007 17945205 18849691 7501 1137213 1240264 91686 18662455 20908113 95001 711651 2792903 72171 18849691 1.00000 1 0 1798000 1798000 20772274 12060631 8711643 4285351 3978192 307159 3589312 2762769 826543 11643345 LEASE LIABILITY 107066 107066 X 10724541 2977556 451234 3428790 7295751 75265 75265 7371016 8097117 333030 333030 7764087 75265 75265 7839352 PART V, LINE 4: THE MUSEUM'S BOARD-APPROVED DISTRIBUTIONS FROM THE ENDOWMENT FUNDS ARE USED FOR SUPPORT OF GENERAL OPERATIONS AS WELL AS SUPPORT OF SPECIFIC PROGRAMS AS PROVIDED BY ENDOWMENT DONORS, IF APPLICABLE. PART X, LINE 2: MANAGEMENT BELIEVES THAT THE MUSEUM HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE MUSEUM WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL INTEREST IN CHARITABLE TRUSTS 118,204. SPECIAL EVENTS 333,030. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS 333,030. PART III, LINE 1A - F/S FOOTNOTE FOR ART, TREASURES, ETC. THE MUSEUM'S COLLECTIONS COMPRISE MORE THAN 16,000 WORKS OF ART INCLUDING SCULPTURES, PAINTINGS, DRAWINGS, PRINTS, PHOTOGRAPHS, CERAMICS, AND CONTEMPORARY GLASS; NATIVE AMERICAN BASKETS, WEAVINGS, POTTERY AND ARTIFACTS; MESOAMERICAN ARTIFACTS; AND ARCHITECTURAL DRAWINGS AND ARCHIVES. IN ADDITION, THE COLLECTIONS INCLUDE THE STEPHEN WILLARD PHOTOGRAPHY ARCHIVE AND THE BILL ANDERSON PHOTOGRAPHIC ARCHIVE, TOTALING APPROXIMATELY 42,000 IMAGES AND ARCHIVAL MATERIALS. THE COLLECTIONS ARE MAINTAINED FOR PUBLIC EXHIBITION, EDUCATION, RESEARCH, AND THE FURTHERANCE OF PUBLIC SERVICE RATHER THAN FOR FINANCIAL GAIN. THE MUSEUM'S COLLECTIONS, ACQUIRED THROUGH DONATIONS AND PURCHASES, ARE NOT RECOGNIZED AS ASSETS IN THE ACCOMPANYING FINANCIAL STATEMENTS. PURCHASES OF COLLECTIONS ARE RECORDED AS DECREASES IN THE APPROPRIATE NET ASSET CLASSIFICATION IN THE YEAR OF ACQUISITION. CONTRIBUTIONS OF COLLECTIONS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS. PROCEEDS FROM THE SALE OF ART ARE RECORDED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSIFICATION IN THE YEAR OF SALE AND ARE RESERVED FOR THE ACQUISITION OF WORKS OF ART AND CONSERVATION OF THE COLLECTIONS' EXISTING WORKS OF ART. COLLECTIONS CONSISTED OF THE FOLLOWING AS OF JUNE 30, 2023: ART $91,669,025; ANTHROPOLOGY $1,893,697; RESERVE $3,459,305; FREY HOUSE $525,552; LIBRARY, ARCHIVES, AND OTHER ITEMS $7,407,504; ITEMS HELD FOR DEACCESSION $460,833 PART III, LINE 1A - F/S FOOTNOTE FOR ART, TREASURES, ETC. COLLECTIONS CONSIST OF ART OBJECTS THAT ARE HELD FOR EDUCATIONAL AND CURATORIAL PURPOSES, INCLUDING PUBLIC DISPLAY AND RESEARCH. EACH OF THE ITEMS IS CATALOGED, PRESERVED, AND CARED FOR, AND KEPT UNENCUMBERED. ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. COLLECTIONS ACQUIRED EITHER THROUGH PURCHASE OR DONATION ARE NOT CAPITALIZED. THE PROCEEDS FROM DEACCESSION OF COLLECTIONS MAY BE USED FOR ACQUISITIONS OF NEW COLLECTIONS, OR THE DIRECT CARE OF EXISTING COLLECTIONS. THE MUSEUM ADHERES TO THE ETHICAL PRINCIPLES AND DEFINITION OF DIRECT CARE ESTABLISHED BY THE AMERICAN ALLIANCE OF MUSEUMS AND CONSIDERS DIRECT CARE TO ENTAIL ACTIONS THAT ENHANCE THE LIFE, USEFULNESS, OR QUALITY OF THE COLLECTIONS TO ENSURE THEY WILL CONTINUE TO BENEFIT THE PUBLIC. THE MUSEUM'S COLLECTIONS MANAGEMENT POLICY INCLUDES CONSERVATION SERVICES, ARCHIVAL SERVICES, COLLECTIONS CARE INVESTMENTS IDENTIFIED THROUGH A CONSERVATION ASSESSMENT AND/OR PLAN, AND COLLECTIONS CARE TRAINING FOR STAFF AND VOLUNTEERS, AS ACTIVITIES THAT ARE CONSIDERED DIRECT CARE OF COLLECTIONS. PURCHASES OF COLLECTIONS ARE RECORDED AS DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTIONS IF PURCHASED WITH ASSETS WITHOUT DONOR RESTRICTIONS AND AS DECREASES IN NET ASSETS WITH DONOR RESTRICTIONS IF PURCHASED WITH DONOR-RESTRICTED ASSETS. CONTRIBUTIONS OF COLLECTIONS ARE NOT RECOGNIZED IN THE STATEMENT OF ACTIVITIES. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED ON THE STATEMENT OF ACTIVITIES AS NONOPERATING REVENUES. THE FAIR MARKET VALUES OF THE WORKS ACQUIRED THROUGH CONTRIBUTIONS WERE $ 762,000(UNAUDITED) AND $22,016,346 (UNAUDITED) DURING THE YEARS ENDED SEPTEMBER 30, 2023 AND 2022, RESPECTIVELY. PROCEEDS FROM THE SALE OF DEACCESSIONED ITEMS WERE $0 FY23 & $ 984,926 DEACCESSIONED SALES WERE $ . PURCHASES OF COLLECTIONS WERE $83,500 AND $88,00 DURING THE YEARS ENDED SEPTEMBER 30, 2023 AND 2022, RESPECTIVELY. PART III, LINE 1A - F/S FOOTNOTE FOR ART, TREASURES, ETC. AS PART OF A PLAN APPROVED BY THE BOARD IN JUNE 2005, WORKS OF ART NOT DEEMED TO BE STRATEGIC WERE DEACCESSIONED FROM THE COLLECTIONS. IT WAS AGREED BY THE BOARD THAT DEACCESSIONING PROCEEDS WOULD BE CREDITED TO THE ART ACQUISITION ACCOUNT. THE BOARD ALSO APPROVED THE USE OF NET CASH SURPLUSES IN THE ART ACQUISITION ACCOUNT TO REPAY EXTERNAL DEBT FOR A LIMITED TIME, AND THAT THE BORROWINGS FROM THE ACCOUNT WOULD BE REPAID OVER TIME. THE DEACCESSIONING PROCEDURES WERE DISCUSSED WITH THE AMERICAN ASSOCIATION OF MUSEUMS AND WITH THE ACCREDITATION COMMITTEE IN FEBRUARY 2007, AND SUCH PRACTICES CONFIRMED BY SUCH ORGANIZATIONS AS BEING APPROPRIATE AND CONSISTENT WITH "BEST PRACTICES". FUNDS WERE THEN BORROWED FROM THE ART ACQUISITION ACCOUNT TO REPAY THE MUSEUM'S EXTERNAL DEBTS. AS OF JUNE 30, 2023 AND 2022, A BALANCE OF $699,945 AND $777,716, RESPECTIVELY REMAINS TO BE REIMBURSED TO THE ART ACQUISITION ACCOUNT AS FUNDS BECOME AVAILABLE. COMMENCING IN 2007, IT WAS DETERMINED BY THE BOARD THAT ANY NEW DEACCESSIONED FUNDS RAISED BY THE MUSEUM WOULD BE MAINTAINED IN A SEGREGATED ACCOUNT AND WOULD BE STRICTLY FOR THE ACQUISITION OF WORKS OF ART. BEGINNING WITH THE YEAR ENDED SEPTEMBER 30, 2019, THE MUSEUM HAS EXPANDED THE USE OF THESE FUNDS TO INCLUDE THE DIRECT CARE OF EXISTING WORKS OF ART WITHIN THE COLLECTIONS, AS DISCUSSED IN NOTE 1. AS OF JUNE 30, 2023, ALL PROCEEDS FROM THE SALE OF NEW DEACCESSIONED ART WERE EITHER EXPENDED FOR THE PURCHASE OF ART, USED TO MAINTAIN EXISTING ART, OR REMAIN IN THE SEGREGATED ACCOUNT. X X X X X X X 1 JANET LOMAX 101 N MUSEUM DR PALM SPRINGS CA 92262 SOLICIT MAJOR GIFTS 0 0 0 0 ART PARTY/GALA 778350 778350 94200 214288 EXHIBITION 16000 16000 141 1 84425 84425 13798 6193 4410 878775 878775 107998 6193 218839 333030 -333030 X X X X X 0 0 0 0 0 0 0 0 0 ADAM LERNER CEO 301787 0 0 0 0 0 24912 0 11107 0 337806 0 0 0 MARK L BAUMGARTNER CHIEF ADVANCEMENT OFFICER 162582 0 0 0 0 0 11769 0 0 0 174351 0 0 0 JACK PEIRCE DEPUTY DIRECTOR/CFO 143707 0 0 0 0 0 25996 0 0 0 169703 0 0 0 X 127 FAIR MARKET VALUE X 6 157682 FAIR MARKET VALUE 0 0 0 PART I, COLUMN (B): THE NUMBER REPRESENTS THE NUMBER OF DONORS. PART I, LINE 33: THE CONTRIBUTION OF ARTWORK IS NOT RECORDED PER ASC 958-360-25, NOT TO CAPITALIZE WORKS OF ART, HISTORICAL TREASURES, AND SIMILAR ITEMS THAT MEET THE DEFINITION OF A COLLECTION. FORM 990 PART III PROGRAM SERVICE ACCOMPLISHMENTS THE MUSEUM COLLABORATES AND PARTNERS WITH THE THREE SCHOOL DISTRICTS IN THE REGION, INCLUDING PALM SPRINGS UNIFIED, COACHELLA VALLEY UNIFIED, DESERT SANDS UNIFIED, AS WELL AS PRIVATE SCHOOLS AND THE AREA'S COMMUNITY COLLEGE, COLLEGE OF THE DESERT. WE SERVE STUDENTS OF ALL AGES IN A RANGE OF CREATIVE PROGRAMS AND OPPORTUNITIES. WE ALSO HAVE PRINTED SELF-GUIDED SCAVENGER HUNTS ENTITLED "GALLERY QUESTS" WHICH FEATURE WORKS FROM OUR GALLERIES THAT ARE DISTRIBUTED DURING OUR FREE THURSDAY NIGHTS. ADDITIONALLY, THE MUSEUM ANNUALLY CELEBRATES DA DE LOS MUERTOS; THIS PAST YEAR, FOUR STUDENT GROUPS CREATED ALTARS THAT WERE THEN DISPLAYED IN THE LOBBY AMONG A HOST OF OTHER RELATED ACTIVITIES. PSAM HAS ALWAYS HAD VERY ROBUST VOLUNTEER PARTICIPATION AND SUPPORT. THE MUSEUM SERVICE CORPS (MSC) WAS OFFICIALLY FORMED IN 1986 TO ENHANCE THE VISITOR EXPERIENCE AND SUPPORT MUSEUM STAFF. EAGER, ENTHUSIASTIC AND ENGAGING, MSC VOLUNTEERS ENCOMPASS A BROAD RANGE OF SKILLS AND PLAY AN INTEGRAL ROLE IN THE MUSEUM'S OPERATIONS, PROGRAMS AND EVENTS. MSC LEADERSHIP REPORTED THAT FOR FY 2022, 211 AMBASSADORS DONATED OVER 14,928 VOLUNTEER HOURS. DURING FY2023, THE NINE-MONTH PERIOD, WE HAVE A SIMILAR NUMBER OF AMBASSADORS DONATING A SIMILAR RATE OF HOURS. LOCATED WITHIN THE MUSEUM, THE STATE-OF-THE-ART ANNENBERG THEATER CAN SEAT 433 PATRONS. WE BRING AUDIENCES A RENOWNED COMBINATION OF VISUAL ARTS-RELATED PROGRAMMING AND PERFORMING ARTS EVENTS; THE THEATER ALSO BRINGS IN SIGNIFICANT INCOME FROM RENTALS. PROGRAMMING ALSO INCLUDES COLLABORATIONS WITH THE PALM SPRINGS INTERNATIONAL FILM FESTIVAL AND THE PRESENTATION OF LECTURES, COMMUNITY EVENTS, AND SYMPOSIUMS. MUSEUM PRODUCTIONS FALL INTO THREE CATEGORIES: ENTERTAINMENT PERFORMANCES & SHOWS, EDUCATIONAL LECTURES & SYMPOSIUMS, AND FILMS. IN FY 2023, THERE WERE A TOTAL OF 14 RENTAL PRODUCTIONS FOR A TOTAL OF 31 PERFORMANCES AND 8,547 ADMISSIONS INCLUDING THE CELEBRATED CABARET 88 SERIES FEATURING THE BEST OF BROADWAY'S PERFORMERS ON THE ANNENBERG STAGE. FORM 990 PART III PROGRAM SERVICE ACCOMPLISHMENTS OUR OUTREACH WOULD NOT BE POSSIBLE WITHOUT OUR DIGITAL AND SOCIAL MEDIA PLATFORMS. THE WEBSITE HAS SINCE BEEN VISITED BY 278,000 USERS WHO MADE CONTACT WITH INDIVIDUAL PAGES MULTIPLE TIMES FOR A TOTAL OF 962,000 ACCESS HITS. ADDITIONALLY, OUR DIGITAL E NEWS (WHICH IS SENT OUT EVERY OTHER WEDNESDAY EVENING) HAS 23,462 SUBSCRIBERS AND AN OPEN RATE OF 52%. ON INSTAGRAM, THE MUSEUM HAS 42.3K FOLLOWERS; ON FACEBOOK WE HAVE 37.6K FOLLOWERS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 AND RELATED STATE FORMS ARE PROVIDED TO THE ORGANIZATION'S AUDIT COMMITTEE FOR THEIR REVIEW AND RECOMMENDED APPROVAL TO THE BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C STEP 1 - DISCLOSURE: PRIOR TO BOARD, COMMITTEE OR MANAGEMENT ACTION ON A CONTRACT OR TRANSACTION INVOLVING A CONFLICT OF INTEREST, A DIRECTOR OR COMMITTEE MEMBER HAVING A CONFLICT OF INTEREST SHALL DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. STEP 2 - RECUSAL: A PERSON WHO HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN OR BE PERMITTED TO HEAR THE BOARD'S OR COMMITTEE'S DISCUSSION OF THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND RESPOND TO QUESTIONS. SUCH PERSON SHALL NOT ATTEMPT TO EXERT HIS OR HER PERSONAL INFLUENCE WITH RESPECT TO THE MATTER, EITHER AT OR OUTSIDE THE MEETING. A PERSON WHO HAS A CONFLICT OF INTEREST MAY NOT VOTE ON THE CONTRACT OR TRANSACTION AND SHALL NOT BE PRESENT IN THE MEETING ROOM WHEN THE VOTE IS TAKEN. STEP 3 - ENSURING COMPARABLE MARKET VALUE OF CONTRACT OR TRANSACTION: CARE MUST BE TAKEN BY THE BOARD, COMMITTEE, AND/OR MANAGEMENT TO ENSURE THAT THE CONTRACT OR TRANSACTION INVOLVING A CONFLICT OF INTEREST IS COMPARABLE TO AN "ARM'S LENGTH" TRANSACTION. THE COST OR VALUE OF THE CONTRACT OR TRANSACTION INVOLVING A CONFLICT OF INTEREST MUST BE COMPARABLE TO THE MARKET VALUE OF A SIMILAR CONTRACT OR TRANSACTION NOT INVOLVING A CONFLICT OF INTEREST. THIS CAN BE ACHIEVED BY GETTING COMPETING BIDS, IN THE CASE OF LARGE CONTRACTS, ACCORDING TO STANDARD OPERATING PROCEDURES, OR BY COMPARING THE COSTS TO SIMILAR HISTORICAL CONTRACTS OR TRANSACTIONS OR SIMILAR CURRENT MARKET CONTRACTS OR TRANSACTIONS. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE COMPENSATION PROCESS: THE PERSONNEL/COMPENSATION SUBCOMMITTEE MEETS EACH YEAR TO REVIEW THE PERFORMANCE AND COMPENSATION OF THE EXECUTIVE DIRECTOR. THE SUBCOMMITTEE REVIEWS PERFORMANCE, COMPARATIVE DATA FROM SIMILAR ORGANIZATIONS, AND MAKES RECOMMENDATIONS FOR COMPENSATION. THESE RECOMMENDATIONS ARE PRESENTED TO THE EXECUTIVE COMMITTEE FOR RATIFICATION. OTHER OFFICER OR KEY EMPLOYEE PROCESS: COMPENSATION CONSIDERATION IS MEASURED BY THE EXECUTIVE DIRECTOR AND THE PERSONNEL COMMITTEE OF THE BOARD OF DIRECTORS. THE BOARD'S PRIMARY SOURCE OF INFORMATION ON COMPENSATION IS THE ANNUAL SALARY SURVEY PUBLISHED BY THE ASSOCIATION OF ART MUSEUM DIRECTORS (AAMD). AS A CONDITION FOR THEIR MEMBERSHIP IN AAMD, MUSEUMS ARE REQUIRED TO PARTICIPATE IN AN ANNUAL SALARY SURVEY, AND ARE GIVEN ACCESS TO THIS INFORMATION. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE LOCATED IN THE FRONT OFFICE WHERE ANYBODY CAN REQUEST A COPY OF THE FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AND THEY WILL BE PROVIDED TO THEM. FORM 990, PART IX, LINE 11G PROFESSIONAL: PROGRAM SERVICE EXPENSES 853,633. MANAGEMENT AND GENERAL EXPENSES 248,281. FUNDRAISING EXPENSES 44,143. TOTAL EXPENSES 1,146,057. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTEREST IN CHARITABLE TRUSTS 118,204.