2023-05-15T14:02:41-05:00 2022-06-30 420714325 RSM US LLP 100 INTERNATIONAL DRIVE SUITE 1400 BALTIMORE MD 21202 990 2021-07-01 526000162 BALTIMORE MUSEUM OF ART BALT 4435731849 10 ART MUSEUM DRIVE BALTIMORE MD 21218 CHRISTINE DIETZE BONANNO CHIEF OPERATING OFFICER 4435731849 2023-05-15 1 CHRISTINE DIETZE BONANNO 999009999 JULIA FLANNERY CPA P00928918 4102469300 2023-05-15 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z CHRISTINE DIETZE BONANNO 10 ART MUSEUM DRIVE BALTIMORE MD 21218 53868878 0 X WWW.ARTBMA.ORG X 1914 MD THE BALTIMORE MUSEUM OF ART CONNECTS ART TO BALTIMORE AND BALTIMORE TO THE WORLD, (SEE SCH. O) EMBODYING A COMMITMENT TO ARTISTIC EXCELLENCE AND SOCIAL EQUITY IN EVERY DECISION FROM ART PRESENTATION, INTERPRETATION, AND COLLECTING, TO THE COMPOSITION OF OUR BOARD OF TRUSTEES, STAFF, AND VOLUNTEERS - CREATING A MUSEUM WELCOMING TO ALL. 42 42 232 109 229608 0 17446054 21203396 811491 958613 10017985 13547487 -107960 334396 28167570 36043892 0 0 0 0 10522186 11352815 0 0 1096604 12285595 10324435 22807781 21677250 5359789 14366642 215822253 192298973 6106297 4284094 209715956 188014879 X THE BALTIMORE MUSEUM OF ART CONNECTS ART TO BALTIMORE AND BALTIMORE TO THE WORLD, EMBODYING A COMMITMENT TO ARTISTIC EXCELLENCE AND SOCIAL EQUITY IN EVERY DECISION FROM ART PRESENTATION, INTERPRETATION, AND COLLECTING, TO THE COMPOSITION OF OUR BOARD OF TRUSTEES, STAFF, AND VOLUNTEERS - CREATING A MUSEUM WELCOMING TO ALL. 0 0 9076631 917964 COLLECTION CARE & EXHIBITIONSTHE BALTIMORE MUSEUM OF ART (BMA) CARES FOR AND INTERPRETS A COLLECTION OF OVER 95,000 WORKS OF ART, CAREFULLY MONITORING ITS STORAGE, PRESERVATION, DOCUMENTATION, AND EXHIBITION. IN FY22 THE BMA CONTINUED AN ACTIVE EXPANSION OF ITS EXHIBITIONS AND PROGRAMS GEARED TOWARDS INCREASING DIVERSITY, ACCESS AND INCLUSION WITH ITS AUDIENCE IN BALTIMORE, MARYLAND AND BEYOND. THE MUSEUM'S EXHIBITION OFFERINGS CENTERED ON THE EXPANSION AND CONTINUATION OF OUR CORE THEMES, INCLUDING WOMEN BEHAVING BADLY: 400 YEARS OF POWER AND PROTEST AN EXHIBITION CELEBRATING WOMEN THROUGHOUT HISTORY WHO BROKE RULES AND INSISTED UPON RECOGNITION OF THEIR HUMAN RIGHTS, AS WELL AS JOAN MITCHELL WHICH OFFERED OUR AUDIENCES AN EXTRAORDINARY OPPORTUNITY TO SEE THE WORK OF ONE OF THE MOST SIGNIFICANT ARTISTS OF THE POST-WAR ERA. IN ADDITION, WE PRESENTED GUARDING THE ART, AN EXHIBITION FEATURING WORKS FROM THE BMA'S COLLECTION, ACROSS ERAS, GENRES, CULTURES, AND MEDIUMS, SELECTED BY GUEST CURATORS FROM THE BMA'S SECURITY DEPARTMENT. AFRICAN WING AFRICA DECEMBER 12, 2021 - CURRENT ANCIENT AMERICAS DECEMBER 12, 2021 - CURRENT OCEANIA DECEMBER 12, 2021 - JANUARY 8, 2023 CONTEMPORARY WING ALL DUE RESPECT NOVEMBER 14, 2021 - APRIL 3, 2022 HOW DO WE KNOW THE WORLD? NOVEMBER 14, 2021 - ONGOING ON CERTAINTY: GIFTS FROM THE COLLECTION OF SUZANNE F. COHEN NOVEMBER 14, 2021 - SEPTEMBER 18, 2022 THALHEIMER GALLERIES A MODERN INFLUENCE: HENRI MATISSE, ETTA CONE, AND BALTIMORE OCTOBER 3, 2021 - JANUARY 2, 2022 JOAN MITCHELL MARCH 6, 2022 - AUGUST 14, 2022MAY GALLERIES COLOR AND ILLUSION: THE STILL LIFES OF JUAN GRIS SEPTEMBER 12, 2021 - JANUARY 9, 2022 CONE FOCUS RICHARD YARDE: BEYOND THE SAVOY NOVEMBER 21, 2021 - APRIL 24, 2022 NW CONE GUARDING THE ART MARCH 27, 2022 - JULY 10TH, 2022 MATISSE CENTER MATISSE: THE SINUOUS LINE DEC 12, 2021 - OCTOBER 23, 2022PDP CENTER THE REMBRANDT EFFECT DEC 12, 2021 - APRIL 10, 2022 JACOBS GALLERIES FRIEDA TORANZO: THE PERPETUAL SENSE OF REDNESS JUNE 6, 2021 - OCTOBER 3, 2021 THADDEUS MOSELY: FOREST OCTOBER 17, 2021 - MARCH 27, 2022 SCOTT WING WOMEN BEHAVING BADLY: 400 YEARS OF POWER AND PROTEST JULY 18, 2021 - DECEMBER 19, 2021EXCEPT FOR A MODERN INFLUENCE: HENRI MATISSE, ETTA CONE, AND BALTIMORE AND JOAN MITCHELL, ALL OF THE EXHIBITIONS LISTED ABOVE WERE PRESENTED FREE TO THE PUBLIC. 4810820 BUILDING & GROUNDSOPENED IN 1929 AS A SINGLE BUILDING ADJACENT TO THE CAMPUS OF THE JOHNS HOPKINS UNIVERSITY, THE BMA NOW COMPRISES 10 CONTIGUOUS BUILDINGS AND WINGS (210,000 SQ. FT.), ONE HISTORIC STRUCTURE, AND TWO OUTDOOR SCULPTURE GARDENS (3 ACRES). THE MUSEUM WORKS DILIGENTLY TO MAINTAIN AND PRESERVE OUR BUILDING ENVELOPE TO PROTECT ITS PRICELESS COLLECTION. THE MECHANICAL AND ELECTRICAL SYSTEMS WHICH RECEIVED SIGNIFICANT UPGRADES DURING MULTIPLE RENOVATIONS ARE NOW ACHIEVING IMPORTANT ECONOMIES IN ENERGY MANAGEMENT. THE BMA'S ENGINEERING STAFF FOLLOWED A DETAILED SCHEDULE OF PREVENTATIVE MAINTENANCE TO ENSURE THE LONGEVITY OF THESE SYSTEMS. SECURITY WAS ASSURED THROUGH A TRAINED SECURITY FORCE, UP-TO-DATE SECURITY POLICIES AND PROCEDURES, EFFECTIVE INTEGRATION OF ELECTRONIC SYSTEMS, AND CROSS-DEPARTMENTAL RESPONSES TO INCIDENTS INVOLVING VISITORS AND/OR ART WORKS. THE FACILITY IS STAFFED ON A 24-HOUR BASIS, AND AN EMERGENCY CONTACT LIST IS MAINTAINED. THE BMA HAS A FULLY OPERATIONAL FIRE DETECTION SYSTEM. THE BMA'S EMERGENCY PLAN IDENTIFIES APPROPRIATE RESPONSES TO PROBLEMS AND ASSIGNS AREAS OFRESPONSIBILITY TO SPECIFIC STAFF MEMBERS. FIRE AND EVACUATION PROCEDURES ARE CLEARLY OUTLINED AND REVIEWED WITH ALL STAFF. THE BMA IS EQUIPPED WITH AN EMERGENCY GENERATOR CAPABLE OF OPERATING CONTINUOUSLY FOR FIVE DAYS, FOR EMERGENCY CIRCUITS ONLY. 3326293 40649 EDUCATION & INTERPRETATIONEDUCATION AND PUBLIC PROGRAMS SERVED OVER 43,176 FAMILIES, VISITORS, STUDENTS, AND TEACHERS IN THE MUSEUM, AS WELL AS TEACHERS AND COMMUNITY RESIDENTS THROUGHOUT THE REGION. AMONG THE PROGRAMS THEY PARTICIPATED IN WERE CLOSE ENCOUNTERS STUDENT TOURS, ARTIST TALKS, AND SCHOLARLY PANELS. VISITORS ALSO UTILIZED ONLINE GALLERY RESOURCES SUCH AS GOMOBILE TOURS. OFFSITE ENGAGEMENT INCLUDED 394 ART KITS DISTRIBUTED AT THE BMA AND AT THE BMA LEXINGTON MARKET LOCATION AND ART-TO-GO ACTIVITIES DISTRIBUTED BY EMAIL TO 3,317 TEACHERS AROUND THE WORLD, WITH A PROJECTED IMPACT ON 18,629 STUDENTS. AS THE EFFECTS OF THE PANDEMIC CONTINUED TO BE FELT, THE EDUCATION & INTERPRETATION DIVISION CONTINUED SERVING AUDIENCES REMOTELY. A TOTAL NUMBER OF 16,861 VIRTUAL VISITORS WERE SERVED THROUGH ONLINE TALKS, LIKE BMA VIOLET HOUR (8,855 PEOPLE REACHED), AND ARTIST INTERVIEWS, LIKE JJC TALKS (5,662 PEOPLE REACHED). FAMILIES WERE ENGAGED THROUGH THE FREE FAMILY SUNDAYS AT HOME ARTMAKING RESOURCE (730 TOTAL ART KITS DISTRIBUTED). THE BMA SERVED AS A RESOURCE FOR COLLEGE AND UNIVERSITY TEACHING AT INSTITUTIONS IN THE BALTIMORE-WASHINGTON METROPOLITAN AREA, WHERE THERE ARE 200,000 COLLEGE AND UNIVERSITY STUDENTS. MARKETING AND COMMUNICATIONS STAFF PROMOTED THESE BMA EXHIBITIONS, PUBLICATIONS, AND EDUCATIONAL PROGRAMS TO A WIDE AUDIENCE THROUGH THE BMA WEBSITE WWW.ARTBMA.ORG AS WELL AS PRINT, ELECTRONIC, AND SOCIAL MEDIA. 17213744 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 122 0 1 232 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 42 42 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X CHRISTINE DIETZE BONANNO 4435731849 10 ART MUSEUM DRIVE BALTIMORE MD 21218 CLAIR ZAMOISKI SEGAL CHAIR 1.00 X X 0 0 0 JAMES D THORNTON VICE CHAIR 1.00 X X 0 0 0 PATRICIA H JOSEPH VICE CHAIR 1.00 X X 0 0 0 SUSAN B KATZENBERG VICE CHAIR & TREASURER 1.00 X X 0 0 0 FREDERICK SINGLEY KOONTZ IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 DARIUS GRAHAM SECRETARY 1.00 X X 0 0 0 AMY ELIAS VICE PRESIDENT 1.00 X X 0 0 0 DAVID WARNOCK VICE PRESIDENT 1.00 X X 0 0 0 AMY FRENKIL MEADOWS VICE PRESIDENT 1.00 X X 0 0 0 NANCY L DORMAN VICE PRESIDENT 1.00 X X 0 0 0 JOHN MEYERHOFF VICE PRESIDENT 1.00 X X 0 0 0 LISA HARRIS JONES ASSISTANT VICE PRESIDENT 1.00 X X 0 0 0 WILL BACKSTROM TRUSTEE 1.00 X 0 0 0 RHEDA BECKER TRUSTEE 1.00 X 0 0 0 MICHAEL BROWN TRUSTEE 1.00 X 0 0 0 ADAM BURCH TRUSTEE 1.00 X 0 0 0 SHARON BUTLER TRUSTEE 1.00 X 0 0 0 ELLEN R DAME TRUSTEE 1.00 X 0 0 0 NUPUR PAREKH FLYNN TRUSTEE 1.00 X 0 0 0 DENISE GALAMBOS TRUSTEE 1.00 X 0 0 0 JOHN A GILPIN TRUSTEE 1.00 X 0 0 0 JOANNE GOLD TRUSTEE 1.00 X 0 0 0 AMY GOULD TRUSTEE 1.00 X 0 0 0 NANCY HACKERMAN TRUSTEE 1.00 X 0 0 0 PAMELA HOEHN-SARIC TRUSTEE 1.00 X 0 0 0 ELIZABETH HURWITZ TRUSTEE 1.00 X 0 0 0 SHERRILYN IFILL TRUSTEE 1.00 X 0 0 0 LORI N JOHNSON TRUSTEE 1.00 X 0 0 0 PATRICIA LASHER TRUSTEE 1.00 X 0 0 0 BROOKE LIERMAN TRUSTEE 1.00 X 0 0 0 SHEELA MURTHY TRUSTEE 1.00 X 0 0 0 FIONA ONG TRUSTEE 1.00 X 0 0 0 RHONDA OVERBY TRUSTEE 1.00 X 0 0 0 STEVEN PULIMOOD TRUSTEE 1.00 X 0 0 0 KATE SCHULZE TRUSTEE 1.00 X 0 0 0 ALAN SCHWARTZ TRUSTEE 1.00 X 0 0 0 MICHAEL SHERMAN TRUSTEE 1.00 X 0 0 0 STUART O SIMMS TRUSTEE 1.00 X 0 0 0 ANNE L STONE TRUSTEE 1.00 X 0 0 0 DAVID W WALLACE TRUSTEE 1.00 X 0 0 0 JOHN WATERS TRUSTEE 1.00 X 0 0 0 KWAME WEBB TRUSTEE 1.00 X 0 0 0 CHRISTOPHER BEDFORD CHIEF EXECUTIVE OFFICER (THRU 6/3/22) 40.00 X 469679 0 23555 CHRISTINE DIETZE BONANNO COO/INTERIM CO-DIR (BEG 6/3/22) 40.00 X 205984 0 39482 ASMA NAEEM CHIEF CURATOR/INT CO-DIR (BEG 6/3/22) 40.00 X 145478 0 1664 GAMYNNE GUILOTTE CHIEF EDUCATION OFFICER 40.00 X 142764 0 25081 ELIZABETH COURTEMANCHE SENIOR DIRECTOR OF ADVANCEMENT 40.00 X 117240 0 25061 MELANIE MARTIN CHIEF INNOVATION OFFICER 40.00 X 149865 0 20566 KIMBERLY BOUNTRESS SENIOR DIRECTOR OF HUMAN RESOURCES 40.00 X 107467 0 23383 1338477 0 158792 7 0 1 0 THE WHITING-TURNER CONTRACTING COMPANY C/O MICHAEL MYERS 300 E JOPPA ROA BALTIMORE MD 212863048 CONSTRUCTION 7409221 TRANSPORT CONSULTANTS INTERNATIONAL INC 30 UNION AVE SOUTH 2ND FL CRANFORD NJ 07016 ART TRANSPORTATION 592660 BONSAI FINE ARTS INC 509 MCCORMICK DR SUITE O GLEN BURNIE MD 21061 ART STORAGE 380514 QUINN EVANS ARCHITECTS DEPT 7083 PO BOX 33661 DETROIT MI 482325661 ARCHITECTS 303954 ICS SECURITY SOLUTIONS 2130 NODLEIGH TER JARRETSVILLE MD 21084 SECURITY 186141 8 558399 11663540 8981457 527340 21203396 PROGRAM REVENUE 900099 515153 515153 ADMISSIONS 900099 411074 411074 TRAVELING EXHIBITS 900099 32386 32386 958613 8547475 46714 8500761 134636 0 134636 134636 134636 21849806 16849794 5000012 5000012 5000012 948071 975192 -27121 182894 -210015 PARKING REVENUE 900099 203746 203746 DEACCESSIONS 900099 23135 23135 226881 36043892 958613 229608 13652275 715550 275669 275669 164212 8367196 6554371 1260189 552636 105225 72594 23517 9114 1478452 1208190 185959 84303 686392 563237 79071 44084 119558 119558 316994 255576 61418 87241 87241 30100 30100 386579 386579 315469 278538 36931 489191 358626 59738 70827 181106 181106 1351979 1351979 46264 29915 16333 16 29899 14764 11549 3586 508735 508735 201651 201651 ACCESSIONS 3114700 3114700 EXHIBITION & COLLECTION 2563216 2563216 EDUCATION & ARTISTIC PR 56525 56525 525228 215180 179153 130895 21677250 17213744 3366902 1096604 6443465 817578 3980226 4366666 5704750 3437549 977597 2840792 374534 366793 22380956 3778540 11649928 18602416 61611726 51885823 123872600 107563093 1207427 2418263 215822253 192298973 3730381 2731146 178554 661090 2197362 891858 6106297 4284094 X 27716197 25123811 181999759 162891068 209715956 188014879 215822253 192298973 14366642 -36067719 0 X 0 1 X 1 1 1 X 18953135 19952994 22122483 17446054 21203396 99678062 18953135 19952994 22122483 17446054 21203396 99678062 7417124 92260938 2651638 3807669 3928047 3110586 8682111 22180051 10188685 6353706 159704 64241 226881 16993217 138851330 7618509 0.66450 0.66540 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 30100 30100 0 PART II-B, LINE 1: IN FY22, MUSEUM STAFF, VOLUNTEERS, AND A PAID LOBBYIST COMMUNICATED WITH STATE AND LOCAL ELECTED OFFICIALS AND EMPLOYEES REGARDING AN UPCOMING RENOVATION PROJECTS IN NEED OF SUPPORT. THE MUSEUM ALSO DISCUSSED SUPPORT OF THE ANNUAL ALLOCATION TO THE MARYLAND STATE ARTS COUNCIL (MSAC). MSAC IS A STATE AGENCY THAT MAKES GRANTS TO CULTURAL NONPROFITS ORGANIZATIONS IN MARYLAND, INCLUDING THE BMA. THIS COMMUNICATION INCLUDED WRITING LETTERS AND EMAILS TO SPECIFIC OFFICIALS AND EMPLOYEES, TELEPHONE CALLS AND MEETINGS WITH SPECIFIC OFFICIALS AND EMPLOYEES. THE MARYLAND ARTS DAY EVENT WAS VIRTUAL IN FY22. X X X X 0 186729923 3692711 -22668474 7192708 160561452 136321528 6066695 52132727 7791027 186729923 129522704 5663427 4541913 3406516 136321528 117597907 7242179 10088797 5406179 129522704 104735131 5890073 12661470 5688767 117597907 0.13220 0.86780 0 0 100000 100000 19899944 3380496 16519448 2343166 398044 1945122 37846 37846 18602416 HEDGE FUNDS OF FUNDS 20813 F PRIVATE EQUITY FUNDS 15240251 F VANGUARD INSTL INDEX FD (VINIX) 27729501 F VANGUARD REAL ESTATE INDEX FUND (VGSLX) 10559538 F VANGUARD RUSSELL 1000 GROWTH (VRGWX) INDEX FUND 13771742 F VANGUARD RUSSELL 1000 VALUE (VRVIX) INDEX FUND 17940820 F VANGUARD TOTAL INTERNATIONAL (VTSNX) STOCK INDEX FUND 22300428 F 107563093 PAYABLES UNDER SPLIT INTEREST AGREEMENT 891858 891858 X 564786 -36067719 -36067719 36632505 386579 -975192 -588613 36043892 22265863 975192 975192 21290671 386579 386579 21677250 PART III, LINE 1A: THE MUSEUM'S PERMANENT COLLECTION CONSISTS OF OVER 95,000 OBJECTS. THE VALUE OF THE MUSEUM'S COLLECTION OF ART OBJECTS IS NOT CAPITALIZED AND HAS BEEN EXCLUDED FROM THE STATEMENTS OF FINANCIAL POSITION. CONTRIBUTED COLLECTION ITEMS ARE NOT RECOGNIZED AS CONTRIBUTION REVENUE. PURCHASES OF ART OBJECTS BY THE MUSEUM (ACCESSIONS) ARE FUNDED WITH NET ASSETS WITH DONOR RESTRICTIONS AND ARE RECORDED AS NONOPERATING DECREASES IN NET ASSETS IN THE STATEMENTS OF ACTIVITIES. SALES OF ART OBJECTS BY THE MUSEUM (DEACCESSIONS) ARE RECORDED AS NONOPERATING INCREASES IN NET ASSETS WITH DONOR RESTRICTIONS IN THE STATEMENTS OF ACTIVITIES. PART III, LINE 4: THE BALTIMORE MUSEUM OF ART CONNECTS ART TO BALTIMORE AND BALTIMORE TO THE WORLD, EMBODYING A COMMITMENT TO ARTISTIC EXCELLENCE AND SOCIAL EQUITY IN EVERY DECISION FROM ART PRESENTATION, INTERPRETATION, AND COLLECTING, TO THE COMPOSITION OF OUR BOARD OF TRUSTEES, STAFF, AND VOLUNTEERS - CREATING A MUSEUM WELCOMING TO ALL. PART V, LINE 4: UNDER THE MUSEUM'S POLICY, THE BOARD OF TRUSTEES ANNUALLY APPROVES A WITHDRAWAL RATE FOR THE INVESTMENT RETURN ON THESE FUNDS TO BE USED TO SUPPORT OPERATIONS. PART X, LINE 2: THE MUSEUM ADOPTED THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS POLICY, THE MUSEUM MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WOULD BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT HAS EVALUATED THE MUSEUM'S TAX POSITIONS AND HAS CONCLUDED THAT THE MUSEUM HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH PROVISIONS OF THIS GUIDANCE. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASSIFICATION OF COST OF GOODS SOLD -975,192. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASSIFICATION OF COST OF GOODS SOLD 975,192. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 4300849 0 0 0 0 0 0 4300849 0 4300849 1 0 1 1 1 0 PART III ACCOUNTING METHOD: X X X X 0 0 0 0 0 0 0 0 0 CHRISTOPHER BEDFORD CHIEF EXECUTIVE OFFICER (THRU 6/3/22 469679 0 0 0 0 0 0 0 23555 0 493234 0 0 0 CHRISTINE DIETZE BONANNO COO/INTERIM CO-DIR (BEG 6/3/22) 205984 0 0 0 0 0 14345 0 25137 0 245466 0 0 0 MELANIE MARTIN CHIEF INNOVATION OFFICER 149865 0 0 0 0 0 1000 0 19566 0 170431 0 0 0 GAMYNNE GUILOTTE CHIEF EDUCATION OFFICER 142764 0 0 0 0 0 10106 0 14975 0 167845 0 0 0 X 36 EXCLUDED UNDER SFAS 116 X 14 527340 FMV 36 0 1 1 PART I, COLUMN (B): REPORTING THE NUMBER OF CONTRIBUTIONS PART I, LINE 32B: PUBLIC AUCTION IS THE USUAL MECHANISM FOR THE DISPOSAL OF WORKS BEING DE-ACCESSIONED FROM THE COLLECTION AFTER REVIEW BY THE DIRECTOR, CURATORS, AN ACCESSIONS COMMITTEE AND FINAL APPROVAL BY THE EXECUTIVE COMMITTEE AND THE BOARD OF TRUSTEES. THE MUSEUM DOES NOT USE A THIRD PARTY OR RELATED ORGANIZATION TO SOLICIT OR PROCESS NONCASH CONTRIBUTIONS. PART I, LINE 33: THE MUSEUM'S PERMANENT COLLECTION CONSISTS OF OVER 95,000 OBJECTS. IN CONFORMITY WITH ACCOUNTING POLICIES GENERALLY FOLLOWED BY ART MUSEUMS, THE VALUE OF THE MUSEUM'S COLLECTION OF ART OBJECTS IS NOT CAPITALIZED AND HAS BEEN EXCLUDED FROM THE STATEMENTS OF FINANCIAL POSITION, AND GIFTS OF ART OBJECTS ARE NOT RECOGNIZED AS CONTRIBUTED REVENUE. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE REVIEWS A COPY OF FORM 990 IN DETAIL. AFTER THE AUDIT COMMITTEE COMPLETES ITS REVIEW, A DRAFT IS MADE AVAILABLE TO THE ENTIRE BOARD FOR COMMENTS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BMA HAS A QUESTIONNAIRE THAT REQUIRES TRUSTEES WITH VOTING PRIVILEGES TO DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS. ONE HUNDRED PERCENT OF VOTING TRUSTEES COMPLETED THE QUESTIONNAIRE AND CERTIFIED THE DOCUMENT WITH THEIR RESPECTIVE SIGNATURES. NO CONFLICTS OF INTEREST WERE IDENTIFIED. TRUSTEES ARE ASKED TO BRING ANY CONFLICTS OF INTEREST TO THE ATTENTION OF THE CHAIR OF THE BOARD OF TRUSTEES AS CHAIR OF THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES CONDUCTS AN ANNUAL PERFORMANCE REVIEW OF THE DIRECTOR AND RECOMMENDS COMPENSATION FOR THE DIRECTOR BASED ON PERFORMANCE AND THE REVIEW OF COMPARABLE DATA FROM SIMILAR INSTITUTIONS. THE BOARD OF TRUSTEES APPROVES THE ANNUAL OPERATING BUDGET WHICH INCLUDES COMPENSATION FOR THE DIRECTOR. THE DECISIONS OF THE COMPENSATION COMMITTEE ARE COMMUNICATED IN WRITING FROM THE BOARD CHAIR TO THE CHIEF OPERATING OFFICER, WRITTEN NOTES ACCOMPANY THE BUDGET AND MINUTES OF THE BOARD OF TRUSTEES MEETINGS ARE MAINTAINED. THE MUSEUM PARTICIPATES ANNUALLY IN SALARY SURVEYS TO BENCHMARK COMPENSATION RANGES AGAINST PEER INSTITUTIONS. THE BOARD OF TRUSTEES APPROVES THE ANNUAL OPERATING BUDGET WHICH INCLUDES COMPENSATION FOR OFFICERS AND KEY EMPLOYEES. WRITTEN NOTES ACCOMPANY THE BUDGET AND MINUTES OF THE BOARD OF TRUSTEES MEETINGS ARE MAINTAINED. FORM 990, PART VI, SECTION C, LINE 19 BMA MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D).