2024-11-14T14:49:05-06:00 2023-12-31 420714325 RSM US LLP 30 South Wacker Dr Suite 3300 Chicago IL 606063392 990 2023-01-01 362167797 Kenneth C Griffin Museum of Science and Industry KENN 7736841414 5700 S DuSable Lake Shore Drive Chicago IL 606372093 A Chevy Humphrey President and CEO 7736841414 2024-11-05 1 1 Rebekuh Eley P01247672 3126343400 2024-11-05 2023 2024-10-15 13:58:12Z X Museum of Science and Industry A Chevy Humphrey 5700 S DuSable Lake Shore Drive Chicago IL 606372093 228683557 0 X www.msichicago.org X 1933 IL The Kenneth C. Griffin Museum of Science and Industry's mission is to inspire the inventive genius in everyone, and its vision is rooted in the Museum's historic rotunda engraving: Science discerns the laws of nature, industry applies them to the needs of humankind. 95 94 412 141 1619711 0 37451255 28557784 17111198 21060481 3213707 2577282 6636223 6219322 64412383 58414869 0 0 0 0 22380297 23573609 0 102000 3116506 29680236 33194910 52060533 56870519 12351850 1544350 409602292 422200833 72134704 52466054 337467588 369734779 X The Kenneth C. Griffin Museum of Science and Industry (the Museum), a 501(c)(3) corporation, is the largest science museum in the Western hemisphere and home to thousands of artifacts. For 90 years, the Museum has been a premier destination in Chicago, Illinois. The Museum's mission is to inspire the inventive genius in everyone, and its vision is rooted in the Museum's historic rotunda engraving: Science discerns the laws of nature, industry applies them to the needs of humankind. The Museum welcomes over 1.4 million guests annually and is the top Chicago museum field trip destination for students. Through its education programs, the Museum engages over half a million participants annually in science education programs. 0 0 30054164 0 16050549 World-class permanent exhibitions include Science Storms, a 26,000-square-foot exhibit that reveals the extraordinary science behind some of nature's most powerful and compelling phenomena; and You! The Experience, a 15,000-square-foot exhibit that explores the human mind, body and spirit. Other favorite experiences include the U-505 Submarine, the only German U-boat captured during World War II, surrounded by more than 30,000 square feet of artifacts and interactive activities; the Coal Mine, a reproduction of an Illinois coal mine that takes guest down 50 feet in a real hoist to the bottom of a mineshaft; The Great Train Story, a dynamic model display that illustrates modern rail operation; and the Giant Dome Theater, which features educational films, rich in content and presented on Chicago's only five-story, domed wrap-around movie screen. 8508267 0 714450 Educational Programs and Activities. Education at the museum occurs both inside the museum walls, and the community and schools surrounding the museum and beyond. Hands-on student programming such as labs, STEAM clubs, Girls in STEM events, career showcases, teacher professional development, maker space training, and camps are some of the ways the museum approaches reaching students and their ecosystem to ensure STEAM opportunities and exposure is at the forefront of what the museum does to prepare them for skills needed beyond school. 6896818 0 3095358 Museum and Operations, which include Program Support Services and Exhibit Maintenance. These expenses support the Museum's mission of inspiring the inventive genius in everyone by providing guests and teachers with integrated learning experiences and programming that is centered on exciting and interactive exhibits that help explain how science directly impacts our daily lives. 1893692 0 1849513 Retail and supporting services represent various program offerings that enhance the guest experience. These include the musuem store, food services, and parking services. 1893692 0 1849513 47352941 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 141 0 1 412 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 95 94 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA FL IL MI NY PA UT WI MN OH VA X X Shauna Lindsey 7736841414 5700 S DuSable Lake Shore Drive Chicago IL 606372093 A Chevy Humphrey President & CEO/Trustee 35.00 X X 765991 0 107647 David J Vitale Chairman/Trustee 1.00 X X 0 0 0 David A Fisher Treasurer/Trustee 1.00 X X 0 0 0 Michelle L Collins Secretary/Trustee 1.00 X X 0 0 0 Matthew J Boler Vice Chairman/Trustee 1.00 X X 0 0 0 Allan E Bulley Jr Vice Chairman/Trustee 1.00 X X 0 0 0 Frank M Clark Vice Chairman/Trustee 1.00 X X 0 0 0 Douglas M Cook Vice Chairman/Trustee 1.00 X X 0 0 0 Christopher M Crane Vice Chairman/Trustee 1.00 X X 0 0 0 Anthony B Davis Vice Chairman/Trustee 1.00 X X 0 0 0 Kent P Dauten Vice Chairman/Trustee 1.00 X X 0 0 0 Pedro DeJesus Jr Vice Chairman/Trustee 1.00 X X 0 0 0 Ann M Drake Vice Chairman/Trustee 1.00 X X 0 0 0 Joseph M Erlinger Vice Chairman/Trustee 1.00 X X 0 0 0 William M Goodyear Vice Chairman/Trustee (until 6/23/23) 1.00 X X 0 0 0 James A Gordon Vice Chairman/Trustee (until 6/23/23) 1.00 X X 0 0 0 Robert A Livingston Vice Chairman/Trustee 1.00 X X 0 0 0 Barry L MacLean Vice Chairman/Trustee 1.00 X X 0 0 0 Duncan A MacLean Vice Chairman/Trustee 1.00 X X 0 0 0 DG Macpherson Vice Chairman/Trustee 1.00 X X 0 0 0 Andrew J McKenna Vice Chairman/Trustee (until 2/7/23) 1.00 X X 0 0 0 Robert F Pasin Vice Chairman/Trustee 1.00 X X 0 0 0 Sheila A Penrose Vice Chairman/Trustee 1.00 X X 0 0 0 E Scott Santi Vice Chairman/Trustee 1.00 X X 0 0 0 Uma M Amuluru Trustee 1.00 X 0 0 0 Jeffrey R Applebaum Trustee 1.00 X 0 0 0 Pat A Basu Trustee 1.00 X 0 0 0 Cathy Birkeland Trustee 1.00 X 0 0 0 Doug Boersma Trustee 1.00 X 0 0 0 Barbara L Bowles Trustee 1.00 X 0 0 0 Stephanie Braming CFA Trustee 1.00 X 0 0 0 Byron T Brazier DMin Trustee 1.00 X 0 0 0 Chris Cartwright Trustee 1.00 X 0 0 0 Piyush Chaudhari Trustee 1.00 X 0 0 0 Andrew Clarke Trustee 1.00 X 0 0 0 Kelley Conway Trustee 1.00 X 0 0 0 Rita Sola Cook Trustee 1.00 X 0 0 0 Richard H Copans Trustee 1.00 X 0 0 0 Kevin Cross Trustee 1.00 X 0 0 0 James S Crown Trustee 1.00 X 0 0 0 Katherine C Doyle Trustee 1.00 X 0 0 0 James J Drury III Trustee 1.00 X 0 0 0 Richard Edelman Trustee 1.00 X 0 0 0 Joshua Earnest Trustee 1.00 X 0 0 0 Opella Ernest Trustee 1.00 X 0 0 0 W James Farrell Trustee 1.00 X 0 0 0 James J Fuentes Trustee (until 6/23/23) 1.00 X 0 0 0 Greg Franks Trustee 1.00 X 0 0 0 James T Glerum Jr Trustee 1.00 X 0 0 0 Benjamin S Graham Trustee (until 6/23/23) 1.00 X 0 0 0 Catherine P Greenspon Trustee 1.00 X 0 0 0 Myetie Hamilton Trustee 1.00 X 0 0 0 Stephanie J Hickman Trustee 1.00 X 0 0 0 Steven Hunter Trustee 1.00 X 0 0 0 Justin Ishbia Trustee 1.00 X 0 0 0 Rashad R Johnson PE Trustee 1.00 X 0 0 0 Edward L Kaplan Trustee 1.00 X 0 0 0 Vikram Karnani Trustee 1.00 X 0 0 0 Michael P Krasny Trustee 1.00 X 0 0 0 Eric P Lefkofsky Trustee (until 6/23/23) 1.00 X 0 0 0 Charles A Lewis Trustee (until 6/23/23) 1.00 X 0 0 0 H John Livingston Trustee 1.00 X 0 0 0 Matthew M Maloney Trustee 1.00 X 0 0 0 Tom McGuinness Trustee 1.00 X 0 0 0 Robert S Murley Trustee 1.00 X 0 0 0 Daniela O'Leary-Gill Trustee 1.00 X 0 0 0 Louis V Pinkham Trustee 1.00 X 0 0 0 John F Podjasek III Trustee 1.00 X 0 0 0 Jason Pritzker Trustee 1.00 X 0 0 0 Michael A Reinsdorf Trustee 1.00 X 0 0 0 Michelle Russell Trustee 1.00 X 0 0 0 Manuel Sanchez Trustee 1.00 X 0 0 0 Smita N Shah Trustee 1.00 X 0 0 0 Virginia K Simmons Trustee 1.00 X 0 0 0 Melody A Spann-Cooper Trustee 1.00 X 0 0 0 Byron O Spruell Trustee (until 6/23/23) 1.00 X 0 0 0 Kristofer K Swanson Trustee 1.00 X 0 0 0 Shundrawn A Thomas Trustee 1.00 X 0 0 0 Leonard Wanger Trustee 1.00 X 0 0 0 Ralph Wanger Trustee 1.00 X 0 0 0 Ann C Williams Trustee 1.00 X 0 0 0 Peng Zhao Trustee (until 6/23/23) 1.00 X 0 0 0 Elizabeth Ziegler Trustee 1.00 X 0 0 0 Charles K Bobrinskoy Life Trustee 1.00 X 0 0 0 John A Canning Jr Life Trustee 1.00 X 0 0 0 Lester Crown Life Trustee 1.00 X 0 0 0 William J Devers Jr Life Trustee 1.00 X 0 0 0 Dennis J FitzSimons Life Trustee 1.00 X 0 0 0 Jere D Fluno Life Trustee 1.00 X 0 0 0 J Ira Harris Life Trustee 1.00 X 0 0 0 James R Kackley Life Trustee 1.00 X 0 0 0 John P Keller Life Trustee 1.00 X 0 0 0 Richard H Lenny Life Trustee 1.00 X 0 0 0 Edward M Liddy Life Trustee 1.00 X 0 0 0 Walter E Massey PhD Life Trustee 1.00 X 0 0 0 Robert S Morrison Life Trustee 1.00 X 0 0 0 Terry E Newman Life Trustee 1.00 X 0 0 0 James J O'Connor Life Trustee 1.00 X 0 0 0 William A Osborn Life Trustee 1.00 X 0 0 0 Cindy Pritzker Life Trustee 1.00 X 0 0 0 Louis A Simpson Life Trustee 1.00 X 0 0 0 James A Skinner Life Trustee 1.00 X 0 0 0 Eugene A Tracy Life Trustee 1.00 X 0 0 0 Arthur R Velasquez Life Trustee 1.00 X 0 0 0 David Woody VP - Exhibitions, Collections, CCO 35.00 X 323179 0 24924 Jonathan Assell VP - Chief Financial Officer 35.00 X 298404 0 44195 Hsinghua Chen VP - Chief Administrative Officer 35.00 X 237150 0 11210 Sheila M Cawley SVP - Chief Rev Strategy (until 8/23) 35.00 X 233421 0 38685 Jessica Chavez Ruth D. & Ken M. Davee VP, Education & CLO 35.00 X 180623 0 31535 Anne Rashford VP - Govt Affairs/Chief Bus Officer 35.00 X 198911 0 20102 Curt Gruber AVP - Marketing & Sales (until 3/24) 35.00 X 195892 0 6943 Syeda Soofia VP - Chief of People and Culture 35.00 X 254266 0 46822 Robert Dipasquantonio AVP - Information Technology 35.00 X 191346 0 28291 Patricia Ward AVP - Exhibitions & Partnerships 35.00 X 181370 0 18067 3060553 0 378421 40 0 1 0 Berglund Construction Company 8410 S Chicago Avenue Chicago IL 60617 Construction 6219977 Bridgewater Studio 125 S Racine Avenue Chicago IL 60607 Exhibit Design & Manufacturing 2734108 Creative Technology Group 1455 Estes Avenue Elk Grove Village IL 60007 Exhibit Teleproduction 2310261 Canino Electric Company 41 Plaza Drive Unit A Westmont IL 60559 Electrical Wiring & Installation 1884571 Midway Building Services 1915 W Hubbard Street Chicago IL 60622 Janitorial 1777219 56 3307814 1723787 6203220 17322963 756646 28557784 General Admissions 900099 12432670 12432670 Special Exhibits 900099 3095358 3095358 U-505 Exhibit 900099 1742784 1742784 Giant Dome Theater 900099 1495427 1495427 Coal Mine Exhibit 900099 777168 777168 1517074 1517074 21060481 7168387 7168387 666 666 1009325 356266 653059 653059 653059 164495717 169086822 -4591105 -4591105 -4591105 120500 1723787 708272 -587772 -587772 5575 7000 -1425 -1425 720117 110328 609789 348980 260809 Parking & Guest Srvs 900099 2360850 2360850 Food Court 722514 1917094 1917094 1267061 649389 617672 5545005 58414869 21709870 1619711 6527504 X 2399512 1151483 810456 437573 17215323 13680580 1981052 1553691 538162 406940 76589 54633 2090503 1448283 347757 294463 1330109 1005783 189296 135030 356619 356619 110366 110366 122959 122959 102000 102000 601895 601895 7158945 6500743 532288 125914 2415229 2415229 785123 756672 17763 10688 1254031 887152 305668 61211 1347759 1239353 108406 768532 575036 64288 129208 1539871 1539871 10655185 10283921 371264 573070 526976 46094 Building Maintenance 2410815 2289592 121223 Program Development 1338940 1221768 6141 111031 Exhibit Fab. & Maint. 799218 799218 Bank & Credit Card Fees 167159 143823 23336 789194 480518 207612 101064 56870519 47352941 6401072 3116506 3971000 3058266 42941684 49064798 9770558 8424988 8982327 1869533 71427 86055 753121 3104311 424120425 274890919 137417381 149229506 142473164 122232340 59203578 81633763 4018052 3497273 409602292 422200833 9658113 7768798 12572344 13927485 48978266 29691639 925981 1078132 72134704 52466054 X 270137978 300846236 67329610 68888543 337467588 369734779 409602292 422200833 X 1544350 31153678 -430837 X 0 1 X 1 0 X 30378394 41515795 126650878 31261691 22840907 252647665 5577460 5439338 5134940 6189564 5716877 28058179 35955854 46955133 131785818 37451255 28557784 280705844 280705844 3510555 2941681 5587751 5610402 7169053 24819442 1000 1000 677474 262468 2376052 1731183 649389 5696566 311222852 88223047 0.90190 0.85980 X Schedule A, Part II, Line 10, Explanation of Other Income: Miscellaneous Revenue - 2019 Amount: $ 676,733. 2020 Amount: $ 256,139. 2021 Amount: $ 286,307. 2022 Amount: $ 257,968. 2023 Amount: $ 649,389. Film Lease Revenue - 2019 Amount: $ 741. 2020 Amount: $ 6,329. 2021 Amount: $ 1,875. Employee Retention Credit - 2021 Amount: $ 2,087,870. 2022 Amount: $ 1,473,215. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 122959 122959 0 Part II-B, Line 1: The National Group (TNG) represents The Kenneth C. Griffin Museum of Science and Industry in government and other policy-making forums. They work to influence decision-makers by advocating for the interests of the Museum. TNG works to build relationships with elected officials, bureaucrats, and other stakeholders to promote the Museum's interests. X 0 21294019 766203 3382417 887560 24555079 25583763 158044 -3459505 988283 21294019 23542145 787500 2167118 913000 25583763 20406762 2257080 1538151 659848 23542145 16493417 1510904 2867405 464964 20406762 0.00000 0.94000 0.06000 0 0 218094642 117314319 100780323 19084122 14380073 4704049 186941661 143196527 43745134 149229506 Equity Funds 56433389 F Fixed Income Funds 25200374 F 81633763 Asset Retirement Obligation 548929 Funds on Deposit 334051 Supplemental Retirement Plans 195152 1078132 X 91508808 31153678 1875034 -514744 32513968 58994840 601895 -1181866 -579971 58414869 59241617 1875034 1181866 3056900 56184717 601895 83907 685802 56870519 Part III, Line 1a: The Museum's permanent collections, which were acquired since the Museum's inception through purchases and contributions from benefactors, are not recognized as assets on the statements of financial position. Purchases of collection items are recorded as decreases in net assets without donor restrictions in the year in which the items are acquired or as decreases in net assets with donor restrictions if the assets used to purchase the items were restricted by donors. The Museum's collections are made up of artifacts of historical significance, scientific specimens and art objects that are held for educational, research, scientific and curatorial purposes. Each of the items is cataloged, preserved and cared for, and activities verifying the items' existence and assessing their condition are performed continuously. The collections are subject to the Museum's policy that requires proceeds from their sales to be used for direct care of existing artifacts or acquire other items for collections. Part III, Line 4: The Museum's collection - with almost 40,000 objects that showcase advances in science, industry and technology - serves to create spectacular exhibits and experiences that excite and inspire Museum guests and further the Museum's mission and vision. Remarkable artifacts in the collection include the 700-ton U-505 submarine; a real United 727 airplane; the Pioneer Zephyr, the train that set the speed record in 1934; a British Spitfire WWII plane; a collection of carefully preserved human anatomical slices and fetuses; and much more. The Museum's collections are designed to spark scientific inquiry and creativity to motivate children to achieve their full potential in science, technology, medicine and engineering in furtherance of the Museum's exempt purpose. Part V, Line 4: The organization's endowment funds are meant to serve as a source of financial support of the Museum's mission. A portion of annual endowment earnings are used to support museum general operations. Earnings are directed to specific elements of the Museum's operations as directed by donor restrictions on respective contributions to the endowment. Part X, Line 2: The Financial Accounting Standards Board (FASB) issued guidance requiring tax effects from uncertain tax positions to be recognized in the financial statements only if the position is more likely than not to be sustained should the position be challenged by a taxing authority. Management believes that there are no material uncertain positions that require recognition in the financial statements. There are no tax positions for which a material change in any unrecognized tax benefit or liability is reasonably possible in the next 12 months. The Museum has federal net operating loss carryforwards available to offset future unrelated business taxable income. The net operating loss carryforwards expire through 2043 and total approximately $2,035,000 and $2,397,000 at December 31, 2023 and 2022, respectively. As of December 31, 2023 and 2022, management has determined the likelihood of realizing the benefit from a future utilization of the net operating loss carryforwards is uncertain. Therefore, a 100% valuation allowance has been applied to the deferred tax assets associated with the net operating loss carryforwards of approximately $620,000 and $647,000 at December 31, 2023 and 2022, respectively. The Museum files Form 990 in the U.S. federal jurisdiction and the State of Illinois. Part XI, Line 2d - Other Adjustments: Change in Value of Life Insurance Policy 18,294. Gain (Loss) on Film Consortium Investment 22,179. Change in Value of Asset Retirement Obligation -28,765. Change in Value of Interest Rate Swap -442,545. Bad Debt Expense -83,907. Part XI, Line 4b - Other Adjustments: Rental Expenses -356,266. Cost of Goods Sold -110,328. Fundraising Expenses -708,272. Gaming Expenses -7,000. Part XII, Line 2d - Other Adjustments: Rental Expenses 356,266. Cost of Goods Sold 110,328. Fundraising Expenses 708,272. Gaming Expenses 7,000. Part XII, Line 4b - Other Adjustments: Bad Debt Expense 83,907. X X X X X X X 1 Alexander Ross Group LTD 2406 Prairie Avenue Evanston IL 60201 Strategic and tactical fundraising counsel 0 0 102000 0 102000 CA FL IL MI NY PA UT WI MN OH VA Black Creativity Gala 595787 523787 72000 7000 139312 23990 176332 Columbian Ball 1248500 1200000 48500 10250 112445 91567 147376 1844287 1723787 120500 17250 251757 115557 323708 708272 -587772 X X X X 1 1 0 0 0 0 0 0 0 A Chevy Humphrey President & CEO/Trustee 591615 0 172500 0 1876 0 75000 0 32647 0 873638 0 0 0 David Woody VP - Exhibitions, Collections, CCO 296303 0 25000 0 1876 0 10290 0 14634 0 348103 0 0 0 Jonathan Assell VP - Chief Financial Officer 253404 0 45000 0 0 0 8870 0 35325 0 342599 0 0 0 Syeda Soofia VP - Chief of People and Culture 235869 0 17500 0 897 0 8414 0 38408 0 301088 0 0 0 Sheila M Cawley SVP - Chief Rev Strategy (until 8/23 232240 0 0 0 1181 0 8309 0 30376 0 272106 0 0 0 Hsinghua Chen VP - Chief Administrative Officer 217150 0 20000 0 0 0 7707 0 3503 0 248360 0 0 0 Robert Dipasquantonio AVP - Information Technology 180169 0 10000 0 1177 0 6475 0 21816 0 219637 0 0 0 Anne Rashford VP - Govt Affairs/Chief Bus Officer 175100 0 20382 0 3429 0 6104 0 13998 0 219013 0 0 0 Jessica Chavez Ruth D. & Ken M. Davee VP, Education 160393 0 20000 0 230 0 4327 0 27208 0 212158 0 0 0 Curt Gruber AVP - Marketing & Sales (until 3/24) 176076 0 7500 0 12316 0 6552 0 391 0 202835 0 0 0 Patricia Ward AVP - Exhibitions & Partnerships 166370 0 15000 0 0 0 5677 0 12390 0 199437 0 0 0 Part I, Lines 4a-b Severance payments during 2023 include: Curt Gruber - $11,124 and Bradley Schiever - $29,423. These payments are reported as taxable compensation on Part II, column (B)(iii). Eligible executives participate in non-qualified deferred compensation plans organized under code Section 457(f). Contributions to the 457(f) plan during 2023 include: A. Chevy Humphrey - $65,452 A IFA Series 2017A-B 861091967 NoneAvail 2017-05-30 60000000 Series 2009 Bond Redemption 0 0 0 A 30000000 60000000 59600000 400000 1 0 1 1 A 0 0 0 0 0 0 1 A 0 1 0 0 1 0 0 0 0 A 1 Part IV, Line 2c: Bond Counsel performed the rebate calculation for the period December 17, 2009 through December 17, 2014. X 12777 756646 FMV 0 0 1 0 Part I, Column (b): Column (b) represents the number of items contributed. For line 9, column (b) represents the number of donations contributed. Form 990, Part VI, Section A, line 2 Jason Pritzker and Cindy Pritzker have a family relationship. John A. Canning, Jr. and John F. Podjasek III have a family relationship. Barry L. MacLean and Duncan A. L. MacLean have a family relationship. Lester Crown and Michael A. Reinsdorf have a business relationship outside of the Museum. William M. Goodyear and David A. Fisher serve on a board outside of the Museum. Eric P. Lefkofsky and Michael A. Reinsdorf serve on a board outside of the Museum. Edward M. Liddy and William A. Osborn serve on a board outside of the Museum. Richard H. Lenny and Sheila A. Penrose serve on a board outside of the Museum. Barry L. Maclean, Duncan A. L. Maclean, and Smita N. Shah have a business relationship outside of the Museum. Barry L. Maclean and Duncan A. L. Maclean serve on a board outside of the Museum. E. Scott Santi and DG Macpherson serve on a board outside of the Museum. Ralph Wanger and Leonard Wanger have a family relationship. Form 990, Part VI, Section A, line 4 The organization filed Amended Articles of Incorporation and changed its name to Kenneth C. Griffin Museum of Science and Industry. Form 990, Part VI, Section B, line 11b The Museum's Form 990 is prepared by an external public accounting firm who provides drafts for internal review. After the internal review, these drafts are updated, and a final draft is reviewed by the Chairperson of the Audit Committee and is made available to the Trustees electronically for their review, prior to electronically filing with the Internal Revenue Service. Form 990, Part VI, Section B, line 12c The Museum formally sends a conflict of interest questionnaire annually to trustees, officers and employees. The Museum's compliance officer reviews the results of the questionnaires and investigates any reported potential conflicts for resolution as necessary. From time to time, the Museum conducts business with publicly traded companies at which certain Museum board members have an employment or board relationship. Business with these companies is entered into at arms-length and through the Museum's standard procurement process without influence from the interested board member(s). Any conflicts are resolved when interested board members excuse themselves when voting on matters related to the public company in which they serve. Form 990, Part VI, Section B, line 15 The Compensation Committee of the Board of Directors oversees and approves the compensation for the CEO. All members of the Compensation Committee are independent. The process consists of: 1. The Compensation Committee meets annually to review and make decisions on CEO compensation. 2. Individual performance is evaluated against goals and objectives that support the Museum's mission and strategic priorities. 3. From time to time, HR prepares a compensation benchmark analysis consisting of peer institutions to ensure executive compensation remains competitive within industry and reasonable. 4. Each year, the Museum's leadership team determines if merit increases will be awarded to Museum staff. The Chief of People and Culture facilitates and drives this process to ensure consistency and fairness across the Museum. 5. The process is contemporaneously documented. Form 990, Part VI, Section C, line 18 The Museum posted a copy of its Form 990 on its website and made copies of Form 990 and 990-T publicly available upon request. As the Museum filed the application for recognition of exemption, Form 1023 before July 15, 1987, it need not be made publicly available. Form 990, Part VI, Section C, line 19 The Museum's annual report and the financial statements are made available to the public via the Museum's website and upon request, respectively. Governing documents and conflict of interest policy are available to the public upon request for the same period of disclosure as set forth in IRC section 6104(d). Form 990, Part IX, line 11g Consultants: Program service expenses 1,600,949. Management and general expenses 494,199. Fundraising expenses 124,004. Total expenses 2,219,152. Security Services: Program service expenses 2,198,143. Management and general expenses 7,575. Fundraising expenses 254. Total expenses 2,205,972. Janitorial Services: Program service expenses 1,757,055. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,757,055. All Other Professional Fees: Program service expenses 944,596. Management and general expenses 30,514. Fundraising expenses 1,656. Total expenses 976,766. Form 990, Part XI, line 9: Change in Value of Life Insurance Policy 18,294. Gain (Loss) on Film Consortium Investment 22,179. Change in Value of Asset Retirement Obligation -28,765. Change in Value of Interest Rate Swap -442,545.