2024-07-26T10:46:11-05:00 2023-09-30 450250958 EIDE BAILLY LLP 2355 E CAMELBACK RD STE 900 PHOENIX AZ 850169065 990 2022-10-01 860107517 THE HEARD MUSEUM HEAR 6022528840 2301 N CENTRAL AVE PHOENIX AZ 85004 DAVID ROCHE DIRECTOR & CEO 6022528840 2024-07-25 1 0 BRENDA ANN BLUNT CPA P00075126 4803151040 2024-07-25 2022 2024-08-08 14:25:15Z DAVID ROCHE 2301 N CENTRAL AVE PHOENIX AZ 85004 17565292 0 X WWW.HEARD.ORG X 1929 AZ THE HEARD MUSEUM CONNECTS INDIGENOUS CREATIVITY TO THE WORLD BY PRESENTING (CONT'D ON SCH O) THE VOICE AND VISION OF AMERICAN INDIAN ARTISTS. 30 30 154 386 0 0 7979390 6576696 2013067 2487437 123438 311584 1510229 1456793 11626124 10832510 0 0 0 0 4890854 5819349 0 0 1337437 5911589 6866864 10802443 12686213 823681 -1853703 34512085 33188099 3029837 2462053 31482248 30726046 X THE HEARD MUSEUM CONNECTS INDIGENOUS CREATIVITY TO THE WORLD BY PRESENTING THE VOICE AND VISION OF AMERICAN INDIAN ARTISTS. 0 0 8742496 3995379 SINCE ITS FOUNDING IN 1929, THE HEARD MUSEUM HAS GROWN IN SIZE AND STATURE TO BECOME RECOGNIZED INTERNATIONALLY FOR THE QUALITY OF ITS COLLECTIONS, WORLD-CLASS EXHIBITIONS, EDUCATIONAL PROGRAMMING, AND UNMATCHED FESTIVALS. DEDICATED TO THE ADVANCEMENT OF AMERICAN INDIAN ART, THE HEARD SUCCESSFULLY PRESENTS THE STORIES OF AMERICAN INDIAN PEOPLE FROM A FIRST-PERSON PERSPECTIVE, AS WELL AS EXHIBITIONS THAT SHOWCASE THE BEAUTY AND VITALITY OF TRADITIONAL AND CONTEMPORARY ART. THE HEARD ACCOMPLISHES ITS MISSION BY: ORGANIZING EXHIBITS THAT SHOWCASE BOTH ITS COLLECTION OF MORE THAN 45,000 FINE ARTWORKS AND CULTURAL ARTS IN ITS PERMANENT COLLECTION AND ARTWORKS FROM OTHER COLLECTIONS; HOLDING SPECIAL EVENTS THAT HIGHLIGHT ONE OR MORE ASPECTS OF AMERICAN INDIAN ART, CULTURES, AND/OR HISTORY; (CONT'D ON SCH O) HOSTING APPROXIMATELY 5,100 SCHOOL CHILDREN TOURING THE MUSEUM EACH YEAR; SUPPORTING THE CAREERS OF AMERICAN INDIAN ARTISTS IN THE WORLD-CLASS HEARD MUSEUM SHOP AND IN BOOKS & MORE, A BOUTIQUE BOOKSTORE AND GIFT SHOP; OFFERING INDIGENOUS INGREDIENTS WITHIN THE MENU OF THE MUSEUM'S CAFE AND COFFEE CANTINA; AND OFFERING PROGRAMMING SUCH AS LECTURES, BOOK SIGNINGS AND PRESENTATIONS BY AMERICAN INDIAN EXPERTS IN ART, HISTORY, AND CULTURES. APPROXIMATELY 138,000 PEOPLE VISITED THE MUSEUM DURING THE YEAR. 8742496 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 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 1 1 1 0 0 1 149 0 1 154 1 0 0 0 0 0 1 1 0 0 0 0 X 30 30 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X ROBIN KLUNG 6022528840 2301 N CENTRAL AVE PHOENIX AZ 85004 JOHN LOMAX CHAIR 4.00 X X 0 0 0 JOHN COGGINS VICE CHAIR 4.00 X X 0 0 0 KAREN ABRAHAM TREASURER 4.00 X X 0 0 0 GINGER SYKES TORRES SECRETARY 4.00 X X 0 0 0 ADRIAN COHEN TRUSTEE 1.00 X 0 0 0 CHRISTY VEZOLLES TRUSTEE 1.00 X 0 0 0 CRAIG COHEN MD TRUSTEE 1.00 X 0 0 0 DAVID HANSEN TRUSTEE 1.00 X 0 0 0 DAVID WILSHIN TRUSTEE 1.00 X 0 0 0 FRANK WALTER III TRUSTEE 1.00 X 0 0 0 GREGORY BOYCE TRUSTEE 1.00 X 0 0 0 JANIS LYON TRUSTEE 1.00 X 0 0 0 JERI BEN-HORIN TRUSTEE (AS OF 3/23) 1.00 X 0 0 0 JOE GYSEL TRUSTEE (AS OF 5/23) 1.00 X 0 0 0 JOHN FURTH TRUSTEE 1.00 X 0 0 0 JOHN GRAHAM TRUSTEE 1.00 X 0 0 0 JOHN LUCAS TRUSTEE 1.00 X 0 0 0 JOHN MELAMED TRUSTEE 1.00 X 0 0 0 JOHN MILLER TRUSTEE 1.00 X 0 0 0 JUDY DWORKIN TRUSTEE 1.00 X 0 0 0 MARIGOLD LINTON TRUSTEE 1.00 X 0 0 0 NADINE BASHA TRUSTEE 1.00 X 0 0 0 PAIGE ROTHERMEL TRUSTEE 1.00 X 0 0 0 ROBERT A COWIE TRUSTEE 1.00 X 0 0 0 SCOTT MONTGOMERY TRUSTEE 1.00 X 0 0 0 SHARRON LEWIS TRUSTEE 1.00 X 0 0 0 STEPHEN R LEWIS TRUSTEE 1.00 X 0 0 0 SUSAN ESCO CHANDLER TRUSTEE 1.00 X 0 0 0 TONY ASTORGA TRUSTEE 1.00 X 0 0 0 TRUDY WIESENBERGER TRUSTEE 1.00 X 0 0 0 DAVID ROCHE DIRECTOR AND CEO 40.00 X 373275 0 7857 ROBIN KLUNG CFO (AS OF 6/23) 40.00 X 0 0 0 TRICIA SHIELDS CFO (THRU 1/23) 40.00 X 93839 0 26044 JOHN BULLA COO/DEPUTY DIRECTOR 40.00 X 227802 0 9099 DANIEL HAGERTY - CHIEF ENGAGEMENT/ADVANCEMENT OFFICER 40.00 X 172265 0 20104 867181 0 63104 3 0 1 0 OKLAND CONSTRUCTION 1700 N MCCLINTOCK TEMPE AZ 85281 CONSTRUCTION SERVICES 1222629 LANE TERRALEVER 645 E MISSOURI AVE STE 400 PHOENIX AZ 85012 ADVERTISING & PROMOTION 495743 AFFIRMATIVE TECHNOLOGY GROUP 2209 W 1ST ST STE A109 TEMPE AZ 85281 INFORMATION TECHNOLOGY SERVICES 346685 PRO EM LLC 1450 E GRANT ST PHOENIX AZ 85034 EVENT MANAGEMENT SERVICES 163984 DLR GROUP INC 6225 N 24TH STE 250 PHOENIX AZ 85016 CONSTRUCTION DESIGN SERVICES 143347 6 1108984 1146137 136839 405081 3779655 134610 6576696 ADMISSIONS 611710 1442614 1442614 PRIVATE USE FEES 721000 805532 805532 FAIR INCOME 900099 220756 220756 EDUCATION FEES 611710 18535 18535 2487437 277025 277025 540 540 5023803 4989244 34559 34559 34559 147959 1146137 205650 -57691 -57691 6002 0 6002 6002 3045830 1537888 1507942 1507942 10832510 3995379 0 260435 X 984088 250356 348100 385632 4185280 3336485 476376 372419 291986 257793 21873 12320 357995 264492 48824 44679 2969 2969 76010 76010 108624 108624 1495104 905989 470252 118863 397094 127549 269305 240 438492 198981 38489 201022 157163 56028 63552 37583 626043 518252 91101 16690 56539 20631 17595 18313 51496 51496 1280727 1178269 64036 38422 EXHIBITIONS 711700 711700 FESTIVALS 510686 510686 DUES, LICENSES, AND SUB 353750 33121 313800 6829 SUPPLIES 256889 210863 29111 16915 343578 161301 114767 67510 12686213 8742496 2606280 1337437 1837341 525464 6335982 3082310 240000 1199336 3239 4746 1121672 1317987 173374 214198 47556077 33106238 14189673 14449839 10527392 12134527 83412 88272 0 171420 34512085 33188099 1441704 1168843 636287 591109 844175 444175 107671 257926 3029837 2462053 X 21352208 18907035 10130040 11819011 31482248 30726046 34512085 33188099 X -1853703 1388281 -290780 X 0 1 X 1 0 X 4934413 5972794 11316167 7979390 6576696 36779460 4934413 5972794 11316167 7979390 6576696 36779460 11955171 24824289 336926 284534 124392 123587 277565 1147004 34287 18291 52578 37979042 24270694 0.65360 0.65410 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2018 AMOUNT: $ 34,287. 2019 AMOUNT: $ 18,291. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 1 6708218 5000 1233452 295305 7651365 7321211 1000000 -1306488 306505 6708218 9576141 1792818 336604 126 11032229 9428253 104073 457948 414133 9576141 9797361 78270 447378 9428253 0.16910 0.83090 0.00000 1 1 1 22512378 15044766 7467612 8353979 5436846 2917133 3354154 2715470 638684 13335566 9909156 3426410 14449839 DEPOSITS 89283 OPERATING LEASE LIABILITY 168643 257926 X 14055117 1388281 93788 1849162 3331231 10723886 108624 108624 10832510 14266956 93788 1595579 1689367 12577589 108624 108624 12686213 PART III, LINE 1A: THE COLLECTIONS OF THE MUSEUM INCLUDE SEVERAL CATEGORIES OF NATIVE AMERICAN ART, PRIMARILY KACHINA DOLLS, BASKETS, JEWELRY, TEXTILES, CERAMICS, AND FINE ART, AS WELL AS COLLECTIONS FROM OTHER INDIGENOUS PEOPLES OF LATIN AMERICA, AFRICA AND OCEANIA, AND ARE EXPENSED IN THE PERIOD PURCHASED. IN CONFORMITY WITH THE PRACTICE FOLLOWED BY MANY MUSEUMS, ART OBJECTS CONTRIBUTED TO THE MUSEUM ARE NOT INCLUDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. FURTHERMORE, IN CONFORMITY WITH INDUSTRY PRACTICE, THE MUSEUM HAS NOT RECORDED THE VALUE OF ITS COLLECTIONS ON THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION. THE FAIR VALUE OF CERTAIN COLLECTIONS IS DETERMINED BASED ON THIRD-PARTY EVIDENCE OF COMPARABLE ART SOLD THROUGH AUCTION HOUSES. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. PART III, LINE 4: THE CORPORATION MAINTAINS A MUSEUM IN THE CITY OF PHOENIX DEDICATED TO THE ADVANCEMENT OF AMERICAN INDIAN ART. THE HEARD MUSEUM ART COLLECTION CONCENTRATES ON THE LIVES OF NATIVE PEOPLES AND CONSISTS OF MORE THAN 45,000 OBJECTS. THE TWO FOCAL AREAS OF THE COLLECTION ARE COMPREHENSIVE CULTURAL COLLECTIONS FROM THE GREATER SOUTHWEST AND CONTEMPORARY NATIVE FINE ART FROM NORTH AMERICA. KEY COLLECTIONS INCLUDE HOPI KACHINA DOLLS; NAVAJO AND ZUNI JEWELRY, NAVAJO TEXTILES, SOUTHWESTERN CERAMICS FROM PREHISTORY TO THE PRESENT, AND BASKETS FROM THE SOUTHWEST, CALIFORNIA, THE GREAT BASIN AND THE NORTHWEST. THE APPROXIMATELY 4,000 FINE ART WORKS IN THE HEARD MUSEUM COLLECTION DOCUMENT THE AMERICAN INDIAN FINE ART MOVEMENT FROM THE 20TH CENTURY TO THE PRESENT, AND INCLUDE WORK BY SOME OF THE FINEST HISTORIC AND CONTEMPORARY AMERICAN INDIAN ARTISTS. PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO PROVIDE FOR THE FUTURE FINANCIAL STRENGTH OF THE ORGANIZATION. PART X, LINE 2: MANAGEMENT BELIEVES THAT EACH ENTITY 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 CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF GIFT ANNUITY -28,730. REMOVAL OF HEARD MUSEUM TRUST ACTIVITY 282,313. COST OF GOODS SOLD 1,537,888. FUNDRAISING EXPENSES NETTED AGAINST REVENUE 57,691. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,537,888. FUNDRAISING EXPENSES NETTED AGAINST REVENUE 57,691. FORM 990, SCHEDULE D, PART V THE FY22 BEGINNING ENDOWMENT BALANCE (COLUMN (B)) DIFFERS FROM THE PRIOR YEAR ENDING BALANCE (COLUMN (C)) DUE TO THE HEARD FAMILY ENDOWMENT TRUST BEING UNCONSOLIDATED FROM THE RETURN. MOONDANCE GALA 1294096 1146137 147959 80911 9925 114814 1294096 1146137 147959 80911 9925 114814 205650 -57691 X X X 1 0 0 0 0 0 0 0 0 DAVID ROCHE DIRECTOR AND CEO 373275 0 0 0 0 0 0 0 8505 0 381780 0 0 0 JOHN BULLA COO/DEPUTY DIRECTOR 227802 0 0 0 0 0 0 0 9747 0 237549 0 0 0 DANIEL HAGERTY - CHIEF ENGAGEMENT/ADVANCEMENT OFFICER 172265 0 0 0 0 0 0 0 20752 0 193017 0 0 0 PART I, LINE 4A TRICIA SHIELDS, FORMER CFO, RECEIVED SEVERANCE OF $15,984 UPON HER SEPARATION FROM THE MUSEUM. X 14 0 X 0 X 8 118948 SELLING PRICE X 7 15662 COMPARABLE SALES 5 0 1 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN B IS THE NUMBER OF CONTRIBUTIONS. PART I, LINE 33: DURING THE YEAR ENDED SEPTEMBER 30, 2023, THE ORGANIZATION RECEIVED $1,986,207 OF WORKS OF ART, BOOKS, AND PUBLICATIONS DONATED TO ITS COLLECTION. IN CONFORMITY WITH THE PRACTICE FOLLOWED BY MANY MUSEUMS, AND ALLOWED UNDER FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION ("ASC") 958-360-25, OBJECTS CONTRIBUTED TO THE ORGANIZATION ARE NOT INCLUDED AS REVENUE OR EXPENSES ON FORM 990, PART VIII OR IX. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE BOARD OFFICERS, THE IMMEDIATE PAST BOARD CHAIR, IF STILL A TRUSTEE, AND THE COMMITTEE CHAIR OF EACH STANDING COMMITTEE OTHER THAN THE AUDIT COMMITTEE. WHENEVER, IN THE JUDGMENT OF THE BOARD CHAIR, BOARD ACTION IS NECESSARY OR APPROPRIATE AND IT IS NOT PRACTICAL TO CALL A SPECIAL MEETING OF THE BOARD, THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL THE AUTHORITY OF THE BOARD, EXCEPT THAT THE EXECUTIVE COMMITTEE SHALL NOT HAVE AUTHORITY TO: (I) APPOINT OR REMOVE THE DIRECTOR; (II) ELECT OR REMOVE TRUSTEES; (III) AMEND THE BYLAWS; (IV) SELL, LEASE OR OTHERWISE DISPOSE OF REAL OR PERSONAL PROPERTY WITH A VALUE IN EXCESS OF $1,000,000; OR (V) INCUR ANY DEBT OR OTHER OBLIGATION OR LIABILITY IN EXCESS OF $500,000. IN ADDITION, BEFORE TAKING ANY ACTION WHICH THE EXECUTIVE COMMITTEE KNOWS (A) WOULD BE CONTROVERSIAL IF CONSIDERED BY THE FULL BOARD OR (B) MIGHT ADVERSELY AFFECT THE STANDING OR REPUTATION OF THE MUSEUM, THE EXECUTIVE COMMITTEE SHOULD DETERMINE WHETHER THERE IS AN EMERGENCY OR OTHER CIRCUMSTANCE REQUIRING SUCH ACTION TO BE TAKEN BY THE EXECUTIVE COMMITTEE RATHER THAN THE FULL BOARD AND REPORT SUCH FINDINGS IN THE MINUTES REGARDING SUCH ACTION. FORM 990, PART VI, SECTION A, LINE 6 THE HEARD MUSEUM GUILD HAS BEEN ESTABLISHED AND MAINTAINED WITHIN THE CORPORATE STRUCTURE OF THE MUSEUM FOR THE PURPOSES OF ENCOURAGING PARTICIPATION BY MEN AND WOMEN SYMPATHETIC TO THE AIMS OF THE MUSEUM, FURTHERING THE OBJECTIVES OF THE MUSEUM, PROMOTING INTEREST IN AND SUPPORT FOR THE MUSEUM AND ASSISTING THE BOARD AND THE MUSEUM STAFF IN THE PERFORMANCE OF THEIR FUNCTIONS. MEMBERS OF THE HEARD MUSEUM GUILD ELECT THEIR OWN OFFICERS AND REPRESENTATIVES. THE PRESIDENT OF THE HEARD MUSEUM GUILD IS A FULL VOTING MEMBER OF THE BOARD OF THE HEARD MUSEUM. THE ORGANIZATION SELLS OTHER MEMBERSHIPS, WITH CERTAIN MEMBERSHIP BENEFITS, BUT THE HEARD MUSEUM GUILD IS THE ONLY MEMBERSHIP TYPE THAT PARTICIPATES IN THE HEARD MUSEUM'S GOVERNANCE AND THEN, ONLY BY VIRTUE OF HAVING AN ELECTED POSITION ON THE HEARD MUSEUM'S BOARD. FORM 990, PART VI, SECTION A, LINE 7A AS DESCRIBED IN PART VI, LINE 6, THE PRESIDENT OF THE HEARD MUSEUM GUILD IS A FULL VOTING MEMBER OF THE BOARD OF THE HEARD MUSEUM. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND REVIEWED BY THE CFO, COO AND DIRECTOR/CEO, WITH A FINAL REVIEW BY THE AUDIT COMMITTEE AND DISTRIBUTION TO THE BOARD OF TRUSTEES BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE AND NATURE OF HIS OR HER FINANCIAL INTEREST TO THE TRUSTEES AND MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST, THE INTERESTED PERSON SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE FINANCIAL INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. IN ANY CASE WHERE THE HEARD ENTERS INTO A TRANSACTION IN WHICH A TRUSTEE IS AN INTERESTED PARTY, THE TRUSTEE SHALL NOT PARTICIPATE IN ANY DECISIONS CONCERNING THE SOURCE OF THE CONFLICT. THIS PROVISION SHALL ALSO APPLY IN ANY CASE WHERE A FAMILY MEMBER OF A TRUSTEE IS EMPLOYED BY OR IS A CONTRACTOR TO THE MUSEUM AND SHALL INCLUDE ANY DISCUSSIONS OR DECISIONS RELATED TO EMPLOYMENT OR OTHER ASSOCIATION, PERFORMANCE EVALUATION OR COMPENSATION OF A FAMILY MEMBER. EACH TRUSTEE AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON (A) HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY,(B) HAS READ AND UNDERSTANDS THE POLICY,(C) HAS AGREED TO COMPLY WITH THE POLICY, AND(D) UNDERSTANDS THAT THE HEARD IS A TAX-EXEMPT ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. THE MINUTES OF THE BOARD AND ALL COMMITTEES WITH BOARD DELEGATED POWERS SHALL CONTAIN A RECORD OF ANY VOTES THE HEARD MUSEUM 86-0107517 TAKEN IN CONNECTION THEREWITH. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF TRUSTEES APPROVES THE DIRECTOR/CEO SALARY BASED ON A REVIEW OF PERFORMANCE AND BENCHMARKING DATA AVAILABLE FROM THE ASSOCIATION OF ART MUSEUM DIRECTORS AND THE AMERICAN ALLIANCE OF MUSEUMS. IN SEPTEMBER 2021, THE BOARD OF TRUSTEES AND THE DIRECTOR/CEO ENTERED INTO A TWO-YEAR CONTRACT WITH AN INCREASE EFFECTIVE OCTOBER 2021. THE SALARY REMAINED UNCHANGED DURING THE FISCAL YEAR ENDED SEPTEMBER 2023. THE DIRECTOR/CEO ANNUALLY REVIEWS THE SALARY OF KEY EMPLOYEES, INCLUDING A COMPARISON OF THE COMPENSATION OF OTHER LOCAL NOT-FOR-PROFIT ORGANIZATIONS AND OTHER BENCHMARKING DATA. THIS PROCESS WAS LAST UNDERTAKEN IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ARTICLES OF INCORPORATION, BY-LAWS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 254,989. MANAGEMENT AND GENERAL EXPENSES 124,252. FUNDRAISING EXPENSES 44,863. TOTAL EXPENSES 424,104. INDIAN FAIR AND MARKET: PROGRAM SERVICE EXPENSES 319,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 319,000. MEMBERSHIP MAILING/ACQUISITION SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 74,000. TOTAL EXPENSES 74,000. EXHIBIT CONSULTANTS: PROGRAM SERVICE EXPENSES 221,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 221,000. MUSEUM INSURANCES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 177,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 177,000. PRIVATE EVENTS AND EQUIPMENT RENTALS: PROGRAM SERVICE EXPENSES 111,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 111,000. ADMIN CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 169,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 169,000. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF ANNUITY -28,730. COLLECTION ITEMS PURCHASED BUT NOT CAPITALIZED -262,050. HEARD FAMILY ENDOWMENT TRUST 270 PARK NEW YORK NY 10017 946095432 INVESTMENT AZ 4947(A)(1) N/A THE HEARD MUSEUM 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 HEARD FAMILY ENDOWMENT TRUST C 136839 CASH TRANSFERRED