2023-05-12T14:53:49-05:00 2022-06-30 911194016 CLARK NUBER PS 10900 NE 4TH STREET SUITE 1400 BELLEVUE WA 98004 990 2021-07-01 910640788 SEATTLE ART MUSEUM SEAT 2066258900 1300 FIRST AVENUE SEATTLE WA 981012003 CINDY BOLTON CFO 2066258900 2023-05-11 1 CINDY BOLTON 999009999 MEGAN R RYAN P00737884 4254544919 2023-05-11 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z AMADA CRUZ 1300 FIRST AVENUE SEATTLE WA 981012003 138805637 0 X WWW.SEATTLEARTMUSEUM.ORG X 1917 WA TO PROMOTE AND CULTIVATE THE FINE ARTS. 65 65 366 413 152805 0 20344533 42312844 1234217 4369475 8050044 16362479 4229364 4136412 33858158 67181210 0 0 0 0 8969483 14933467 169889 215570 2298378 17359159 40397073 26498531 55546110 7359627 11635100 402999024 381105952 20436607 11307192 382562417 369798760 X FOUNDED IN 1917, THE SEATTLE ART MUSEUM (SAM) CONNECTS ART TO LIFE. AS THE LEADING VISUAL ART INSTITUTION IN THE PACIFIC NORTHWEST, SAM DRAWS ON ITS GLOBAL COLLECTIONS, POWERFUL SPECIAL EXHIBITIONS, NUMEROUS INSTALLATIONS, AND DYNAMIC PROGRAMS TO FULFILL ITS IMPORTANT ROLE AS A CULTURAL AND EDUCATIONAL RESOURCE BENEFITTING THE SEATTLE REGION, THE PACIFIC NORTHWEST, AND BEYOND. FROM A STRONG FOUNDATION OF ASIAN ART TO NOTEWORTHY COLLECTIONS OF AFRICAN AND OCEANIC ART, NORTHWEST COAST NATIVE AMERICAN ART, EUROPEAN AND AMERICAN ART, AND MODERN AND CONTEMPORARY ART, THE STRENGTH OF SAM'S COLLECTION OF APPROXIMATELY 25,000 OBJECTS LIES IN ITS DIVERSITY OF MEDIA, CULTURES, AND TIME PERIODS. WITH THREE LOCATIONS (SEATTLE ART MUSEUM, OLYMPIC SCULPTURE PARK, SEATTLE ASIAN ART MUSEUM), SAM HARNESSES THE POWER OF ART TO ENRICH LIVES AND ENGAGE DIVERSE COMMUNITIES, INCLUDING HUNDREDS OF THOUSANDS OF VISITORS, AS WELL AS THOUSANDS OF SEATTLE-AREA STUDENTS. 0 0 46471737 4879488 MUSEUM SERVICES: PROVIDING A PUBLIC ART MUSEUM INCLUDING THE ACCESSION OF ART OBJECTS AS WELL AS PUBLIC ART EXHIBITIONS AND ART EDUCATION FOR THE GENERAL PUBLIC. MUSEUM PATRONS VISITED THIS YEAR AT THREE DIFFERENT SEATTLE LOCATIONS - THE SEATTLE ART MUSEUM, THE OLYMPIC SCULPTURE PARK AND THE ASIAN ART MUSEUM. 46471737 1 1 0 1 0 0 0 1 0 1 1 1 1 1 1 0 0 1 0 0 1 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 187 0 366 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 65 65 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 WA X X CINDY BOLTON 2066258900 1300 FIRST AVENUE SEATTLE WA 98101 CONSTANCE RICE CHAIR 1.00 1.00 X X 0 0 0 CARLA LEWIS PRESIDENT 1.00 1.00 X X 0 0 0 MAGGIE WALKER SECRETARY 1.00 1.00 X X 0 0 0 BERT VALDMAN TREASURER 1.00 1.00 X X 0 0 0 SUSAN BROTMAN VICE PRESIDENT 1.00 1.00 X X 0 0 0 JON SHIRLEY VICE PRESIDENT 1.00 1.00 X X 0 0 0 DOUGLAS TRUE VICE PRESIDENT 1.00 1.00 X X 0 0 0 CHARLES WRIGHT VICE PRESIDENT 1.00 1.00 X X 0 0 0 STEWART LANDEFELD PAST CHAIR 1.00 1.00 X X 0 0 0 WINNIE STRATTON PAST PRESIDENT 1.00 1.00 X X 0 0 0 MARGARET ALLISON TRUSTEE 1.00 1.00 X 0 0 0 CHERRY MCGEE BANKS TRUSTEE 1.00 1.00 X 0 0 0 WATSON BLAIR TRUSTEE 1.00 1.00 X 0 0 0 CLIFF BURROWS TRUSTEE 1.00 1.00 X 0 0 0 LISA CAPUTO TRUSTEE 1.00 1.00 X 0 0 0 ALEX CEBALLOS TRUSTEE 1.00 1.00 X 0 0 0 MICHAEL CONWAY TRUSTEE 1.00 1.00 X 0 0 0 MICHAEL CORLISS TRUSTEE 1.00 1.00 X 0 0 0 MARC COSENTINO TRUSTEE 1.00 1.00 X 0 0 0 SHEILA EDWARDS LANGE TRUSTEE 1.00 1.00 X 0 0 0 JULI FARRIS TRUSTEE 1.00 1.00 X 0 0 0 JOHN FRANK TRUSTEE 1.00 1.00 X 0 0 0 LISA GOODMAN TRUSTEE 1.00 1.00 X 0 0 0 MARI HORITA TRUSTEE 1.00 1.00 X 0 0 0 FELIX HUANG TRUSTEE 1.00 1.00 X 0 0 0 FALONA JOY TRUSTEE 1.00 1.00 X 0 0 0 ROBERT KAPLAN TRUSTEE 1.00 1.00 X 0 0 0 JANET KETCHAM TRUSTEE 1.00 1.00 X 0 0 0 NAJMA LALJI TRUSTEE 1.00 1.00 X 0 0 0 FLORA LING TRUSTEE 1.00 1.00 X 0 0 0 GARY LOCKE TRUSTEE 1.00 1.00 X 0 0 0 BARBARA MALONE TRUSTEE 1.00 1.00 X 0 0 0 MAREN MONSEN TRUSTEE 1.00 1.00 X 0 0 0 SCOTT MORRIS TRUSTEE 1.00 1.00 X 0 0 0 CHARLES NOLAN TRUSTEE 1.00 1.00 X 0 0 0 LINDA NORDSTROM TRUSTEE 1.00 1.00 X 0 0 0 SALLY NORDSTROM TRUSTEE 1.00 1.00 X 0 0 0 MICHAEL PARHAM TRUSTEE 1.00 1.00 X 0 0 0 HWA PARK TRUSTEE 1.00 1.00 X 0 0 0 SANJAY PARTHASARATHY TRUSTEE 1.00 1.00 X 0 0 0 STEVE PHELPS TRUSTEE 1.00 1.00 X 0 0 0 MALA RAMAN TRUSTEE 1.00 1.00 X 0 0 0 CATHERINE ROCHE TRUSTEE 1.00 1.00 X 0 0 0 LEE ROLFE TRUSTEE 1.00 1.00 X 0 0 0 FAYE SARKOWSKY TRUSTEE 1.00 1.00 X 0 0 0 STAN SAVAGE TRUSTEE 1.00 1.00 X 0 0 0 LAURA SELIPSKY TRUSTEE 1.00 1.00 X 0 0 0 ROBERTA SHERMAN TRUSTEE 1.00 1.00 X 0 0 0 KIM RICHTER SHIRLEY TRUSTEE 1.00 1.00 X 0 0 0 GURSHARAN SIDHU TRUSTEE 1.00 1.00 X 0 0 0 MARY SNAPP TRUSTEE 1.00 1.00 X 0 0 0 DENISE STIFFARM TRUSTEE 1.00 1.00 X 0 0 0 ROBERT STRONG TRUSTEE 1.00 1.00 X 0 0 0 INA TATEUCHI TRUSTEE 1.00 1.00 X 0 0 0 LYNN THOMSEN TRUSTEE 1.00 1.00 X 0 0 0 ANDREA THORESON TRUSTEE 1.00 1.00 X 0 0 0 BRANDON VAUGHAN TRUSTEE 1.00 1.00 X 0 0 0 MANDIRA VIRMANI TRUSTEE 1.00 1.00 X 0 0 0 HUONG VU TRUSTEE 1.00 1.00 X 0 0 0 SAM WHITING TRUSTEE 1.00 1.00 X 0 0 0 BRIAN WINEKE TRUSTEE 1.00 1.00 X 0 0 0 SUSAN WINOKUR TRUSTEE 1.00 1.00 X 0 0 0 ANN P WYCKOFF TRUSTEE 1.00 1.00 X 0 0 0 MARTHA WYCKOFF TRUSTEE 1.00 1.00 X 0 0 0 BRUCE BLUME TRUSTEE 1.00 1.00 X 0 0 0 JOHNPAUL JONES TRUSTEE (PART YEAR) 1.00 1.00 X 0 0 0 SYLVIA KETCHAM TRUSTEE (PART YEAR) 1.00 1.00 X 0 0 0 DOUG NORBERG TRUSTEE (PART YEAR) 1.00 1.00 X 0 0 0 VASUNDARA SRENIVAS TRUSTEE (PART YEAR) 1.00 1.00 X 0 0 0 AMADA CRUZ ILLSEY BALL NORDSTROM DIRECTOR 30.00 10.00 X 449115 0 7301 CYNTHIA BOLTON CHIEF FINANCIAL OFFICER 30.00 10.00 X 194679 0 7140 CHRIS LANDMAN CHIEF DEVELOPMENT OFFICER 30.00 10.00 X 184721 0 7134 MANISH ENGINEER CHIEF TECHNOLOGY OFFICER 40.00 0.00 X 164833 0 7106 MIKHAEL MEI WILLIAMS CHIEF MARKETING OFFICER 40.00 0.00 X 157206 0 6990 NICHOLAS DORMAN CHIEF CONSERVATOR 40.00 0.00 X 155585 0 7100 LAUREN MELLON DIRECTOR OF MUSEUM SERVICES 40.00 0.00 X 122098 0 7045 VIVIANA PITTA DIRECTOR OF LEGAL AFFAIRS 40.00 0.00 X 124357 0 878 1552594 0 50694 11 0 1 0 ALLIED UNIVERSAL EIGHT TOWER BRG 161 WASHINGTON ST CONSHOHOCKEN PA 98134 SECURITY SERVICES 637332 CAMBRIDGE ASSOCIATES 125 HIGH STREET BOSTON MA 021102112 INVESTMENT MANAGEMENT 464267 THE LUKENS COMPANY 2800 SHIRLINGTON ROAD 9TH FLOOR ARLINGTON VA 22206 MEMBERSHIP MAILING SERVICES 149945 LUCIA MARQUAND PO BOX 632 GRAYLAND WA 98547 PROFESSIONAL SERVICES 114815 MCKINSTRY CO C/O MCKINSTRY LOCKBOX PO BOX 3895 SEATTLE WA 98124 SERVICE & MAINTENANCE 106881 7 4202384 761539 6832474 30516447 941101 42312844 ADMISSIONS 712110 3386734 3386734 MEMBERSHIP DUES 900099 740521 740521 EDUCATIONAL PROGRAMS 611699 242220 242220 4369475 3249898 3249898 19828 19828 7503251 4032235 3471016 3471016 3471016 79630898 4225 66522542 0 13108356 4225 13112581 4225 13108356 215421 761539 391628 -176207 -176207 16600 0 16600 16600 1299237 678022 621215 505788 115427 FOOD SVC COMMISSION 722320 70087 70087 REIMBURSEMENTS 900099 61355 61355 PARKING 812930 49838 37378 12460 2680 2680 183960 67181210 4879488 152805 19836073 904195 500452 208671 195072 11988977 9309432 1565572 1113973 -108621 -74829 -23879 -9913 1140287 914862 112352 113073 1008629 780932 127960 99737 265684 243200 17045 5439 116995 116875 120 24086 24086 215570 215570 1058979 1058979 2030606 1708058 234666 87882 260728 248595 4311 7822 1866900 1355415 256840 254645 114115 6044 105732 2339 8644643 6602750 2041861 32 78585 44387 1888 32310 62469 62469 3580590 2726868 853722 923840 923840 ART ACCESSION 20342348 20342348 EXHIBITIONS 682825 667940 14885 CATERING 182700 17124 108 165468 TAXES AND LICENSES 154031 147370 6737 -76 6949 6949 55546110 46471737 6775995 2298378 25170255 23097778 2998590 4508823 9116575 7006774 566226 614902 24127665 23030282 420362 493945 1099429 1347228 175360598 85528492 93910439 89832106 124962207 105512373 70460983 78573752 22629038 22228947 27537255 24859042 402999024 381105952 2254431 2299598 5073095 1845162 7171572 5520457 4182552 0 1754957 1641975 20436607 11307192 X 150799906 149550969 231762511 220247791 382562417 369798760 402999024 381105952 X 11635100 -24388825 2 -9934 X 0 1 X 1 0 X 39021957 20792089 31098417 20343075 42312844 153568382 39021957 20792089 31098417 20343075 42312844 153568382 25971451 127596931 9230497 10046599 11251536 11280946 10772977 52582555 111758 7419 119177 212759 1128683 208597 342423 146582 2039044 208309158 24705440 0.61250 0.65420 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: PARKING GARAGE - 2017 AMOUNT: $ 21,695. 2018 AMOUNT: $ 20,998. 2019 AMOUNT: $ 17,038. 2020 AMOUNT: $ 4,341. 2021 AMOUNT: $ 12,460. REIMBURSEMENTS - 2017 AMOUNT: $ 50,012. 2018 AMOUNT: $ 72,284. 2019 AMOUNT: $ 85,553. 2020 AMOUNT: $ 51,442. 2021 AMOUNT: $ 61,355. MISCELLANEOUS - 2017 AMOUNT: $ 20,262. 2018 AMOUNT: $ 23,446. 2019 AMOUNT: $ 23,261. 2020 AMOUNT: $ 17,068. 2021 AMOUNT: $ 2,680. FOOD SVC COMMISSION - 2017 AMOUNT: $ 119,745. 2018 AMOUNT: $ 20,141. 2019 AMOUNT: $ 82,745. 2020 AMOUNT: $ 69,572. 2021 AMOUNT: $ 70,087. TEMP USE OF AIRSPACE - 2020 AMOUNT: $ 200,000. TDR SALES - 2017 AMOUNT: $ 1,045. 2018 AMOUNT: $ 991,814. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24086 24086 60839479 60863565 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 39237 24082 24082 24086 111487 250000 250000 250000 250000 1000000 1500000 0 0 0 0 X X X X 0 202149814 7391106 -6842159 8558284 1058979 193081498 150800827 12225541 47934447 8155182 655819 202149814 144136322 14956176 218808 7859497 650982 150800827 138141091 8010573 5440834 6973737 482439 144136322 121990894 13473840 8672590 5547684 448549 138141091 0.00000 1.00000 0.00000 0 0 17797741 17797741 71802869 28165322 43637547 22977038 8644832 14332206 21679325 18834777 2844548 41103625 29883561 11220064 89832106 EMERGING MARKETS 12566500 F PRIVATE EQUITY 849256 F MARKETABLE ALTERNATIVES 56666980 F REAL ASSETS 8491016 F 78573752 SAM-SAAM RENOVATION, LLC 22228947 F 22228947 PREPAID LEASES 604333 INCENTIVE TO LESSEE 3501288 DEFERRED FACILITY RENTAL 9515476 FUNDS HELD IN TRUST BY OTHERS 11237945 24859042 PENSION LIABILITY 1641975 1641975 PART III, LINE 1A: ART OBJECTS ARE EXPENSED WHEN PURCHASED AND THEREFORE, ARE NOT SHOWN AS ASSETS ON THE CONSOLIDATED BALANCE SHEET. ART OBJECTS PLEDGED OR DONATED TO THE MUSEUM ARE NOT RECORDED FOR FINANCIAL ACCOUNTING PURPOSES AND, ACCORDINGLY, ARE NOT INCLUDED AS CONTRIBUTED REVENUE IN THE CONSOLIDATED STATEMENT OF ACTIVITIES OR AS RECEIVABLES ON THE CONSOLIDATED BALANCE SHEET. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED IN THE CONSOLIDATED STATEMENT OF ACTIVITIES BASED ON THE EXISTENCE AND NATURE OF DONOR IMPOSED RESTRICTIONS. THE MUSEUM'S POLICY IS TO USE PROCEEDS FROM DEACCESSIONED COLLECTION ITEMS FOR ACQUISITIONS OF NEW COLLECTION ITEMS AND THE DIRECT CARE OF EXISTING COLLECTIONS. PART III, LINE 4: THE MUSEUM'S COLLECTION OF PAINTINGS, SCULPTURES, AND OTHER WORKS OF ART PROMOTE AND CULTIVATE THE FINE ARTS THROUGH PUBLIC EXHIBITION, EDUCATIONAL PROGRAMMING, AND SCHOLARLY RESEARCH. PART V, LINE 4: TO SUPPORT EXHIBITIONS, ART EDUCATION, ART ACQUISITIONS AND GENERAL OPERATIONS. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 6858489 0 0 0 0 0 0 6858489 0 6858489 1 0 0 1 1 0 PART III ACCOUNTING METHOD: X X X X X X X 1 THE LUKENS COMPANY 2800 SHIRLINGTON ROAD 9TH FLOOR ARLINGTON VA 22206 DIRECT MAIL, ONLINE AND E-MAIL MEMBERSHIP CAMPAIGNS 0 0 215570 -215570 215570 -215570 WA PARTY IN THE PARK 776210 643789 132421 178876 167032 15151 GARDENS OF ART 200750 117750 83000 29661 908 976960 761539 215421 208537 167032 16059 391628 -176207 16600 0 16600 16600 WA 1 0 0 0 0.00000 1.00000 CINDY BOLTON 1300 FIRST AVENUE SEATTLE WA 98101 0 CINDY BOLTON 0 X 0 X X X X 0 0 0 0 0 0 0 1 0 AMADA CRUZ ILLSEY BALL NORDSTROM DIRECTOR 407115 0 42000 0 0 0 0 0 7301 0 456416 0 0 0 CYNTHIA BOLTON CHIEF FINANCIAL OFFICER 194679 0 0 0 0 0 0 0 7140 0 201819 0 0 0 CHRIS LANDMAN CHIEF DEVELOPMENT OFFICER 184721 0 0 0 0 0 0 0 7134 0 191855 0 0 0 MANISH ENGINEER CHIEF TECHNOLOGY OFFICER 164833 0 0 0 0 0 0 0 7106 0 171939 0 0 0 MIKHAEL MEI WILLIAMS CHIEF MARKETING OFFICER 157206 0 0 0 0 0 0 0 6990 0 164196 0 0 0 NICHOLAS DORMAN CHIEF CONSERVATOR 155585 0 0 0 0 0 0 0 7100 0 162685 0 0 0 PART I, LINE 7 THE CEO RECEIVES AN ANNUAL BONUS NOT TO EXCEED 15% OF BASE PAY, AT THE DISCRETION OF THE BOARD. X 75 0 N/A X 0 N/A X 48 901380 FAIR MARKET VALUE X BEVERAGES 1 35771 FAIR MARKET VALUE X SUPPLIES 1 3000 FAIR MARKET VALUE X BOOKS 1 950 FAIR MARKET VALUE 3 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. PART I, LINE 33: NO REVENUE REPORTED PER FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION 958-360-25. GIFTS OF ART AND BOOKS TO THE MUSEUM'S SPECIAL COLLECTION ARE NOT CAPITALIZED OR RECORDED FOR FINANCIAL ACCOUNTING PURPOSES AND, ACCORDINGLY, ARE NOT INCLUDED AS CONTRIBUTED REVENUE IN THE STATEMENT OF ACTIVITIES OR AS RECEIVABLES ON THE BALANCE SHEET. FORM 990, PART I, LINE 6: VOLUNTEERS PROVIDE CUSTOMER SERVICE, SUPPORTING ADMINISTRATIVE TASKS AND WORK WITH SPECIFIC AUDIENCES TO FACILITATE ART EXPERIENCES. ALL BOARD MEMBERS ARE ALSO VOLUNTEERS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIR, THE PRESIDENT, EACH VICE PRESIDENT, THE SECRETARY, THE TREASURER, THE IMMEDIATE PAST CHAIR, THE IMMEDIATE PAST PRESIDENT, EACH STANDING COMMITTEE CHAIR AND OTHER AT-LARGE MEMBERS OF THE BOARD OF TRUSTEES, RECOMMENDED BY THE PRESIDENT AND APPOINTED BY THE BOARD. THE TOTAL MEMBERSHIP OF THE EXECUTIVE COMMITTEE IS NO LESS THAN SEVEN (7) NOR MORE THAN TWENTY (20) MEMBERS. THE EXECUTIVE COMMITTEE HAS ALL OF THE POWERS OF THE BOARD OF TRUSTEES BETWEEN BOARD MEETINGS SUBJECT TO THE LIMITATIONS SET FORTH IN THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 2 JON SHIRLEY AND KIM RICHTER SHIRLEY HAVE A FAMILY RELATIONSHIP. ANN P. WYCKOFF AND MARTHA WYCKOFF HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE MUSEUM'S BOARD HAS ENTRUSTED THE AUDIT COMMITTEE WITH REVIEWING THE DRAFT FORM 990 IN DETAIL. DUE TO THE SIZE AND COMPLEXITY OF THE ORGANIZATION'S BOARD, A COPY OF THE RETURN IS NOT PROVIDED TO EACH BOARD MEMBER BEFORE FILING; HOWEVER, EACH BOARD MEMBER IS NOTIFIED THAT HE OR SHE CAN REVIEW A COPY OF THE RETURN IF INTERESTED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY APPLIES TO BOARD MEMBERS. A DETERMINATION OF WHETHER A CONFLICT OF INTEREST EXISTS IS MADE BY THE BOARD'S AUDIT COMMITTEE IN CONJUNCTION WITH THE MUSEUM'S SENIOR MANAGEMENT TEAM. WHEN AN ACTUAL CONFLICT IS DETERMINED TO EXIST, THE SPECIFICS OF THE CONFLICT ARE REVIEWED BY THE AUDIT COMMITTEE OR SENIOR MANAGEMENT TEAM. ANYONE WITH A CONFLICT OF INTEREST MUST RECUSE THEMSELVES FROM DISCUSSION AND THE DECISION MAKING PROCESS IN WHATEVER CAPACITY THEY MAY HAVE AUTHORITY OVER THE DECISION. IF THE CONFLICTED INDIVIDUAL IS A VOTING MEMBER OF THE BOARD, THEY WILL RECUSE THEMSELVES FROM DISCUSSION AND VOTING ON MATTERS WHERE THEY ARE CONFLICTED. FORM 990, PART VI, SECTION B, LINE 15A THE MUSEUM'S COMPENSATION COMMITTEE, A SUBSET OF THE BOARD OF DIRECTORS, IS RESPONSIBLE FOR THE SETTING OF AND ANNUAL REVIEW OF THE ILLSLEY BALL NORDSTROM DIRECTOR AND CEO'S COMPENSATION. THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES ANNUALLY REVIEWS THE COMPENSATION OF THE ILLSLEY BALL NORDSTROM DIRECTOR AND CEO AND USES COMPENSATION SURVEY DATA. THE ANNUAL BUDGET INCLUDING THIS ARRANGEMENT IS THEN APPROVED BY THE ENTIRE BOARD BASED ON RECOMMENDATIONS FROM THE EXECUTIVE COMMITTEE. THERE IS CONTEMPORANEOUS SUBSTANTIATION OF THIS DELIBERATION AND DECISION. GENERALLY, THE ILLSLEY BALL NORDSTROM DIRECTOR AND CEO DETERMINES THE SALARY FOR THE CHIEF OPERATING OFFICER, CHIEF FINANCIAL OFFICER, AND THE CHIEF DEVELOPMENT OFFICER. THE LAST COMPENSATION REVIEW OCCURRED IN 2022. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE MOST RECENT AUDITED FINANCIAL STATEMENTS AND TAX RETURN ARE ALSO AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XI, LINE 9: REVERSAL OF PRIOR YEAR PLEDGE LOSS -9,934. SAAM BUILDING MASTER TENANT LLC 1300 1ST AVENUE SEATTLE WA 98101 320549913 REAL ESTATE WA N/A 0 0 SAM BUILDING LANDLORD LLC 1300 1ST AVENUE SEATTLE WA 98101 371877275 REAL ESTATE WA N/A 0 0 SAM-SAAM RENOVATION LLC 1300 1ST AVENUE SEATTLE WA 98101 371876275 HOLDING COMPANY WA SEATTLE ART MUSEUM C -1197211 21428463 1.00000 1 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 SAM BUILDING LANDLORD LLC S 872422 COST SAM BUILDING LANDLORD LLC D 23030282 COST SAAM BUILDING MASTER TENANT LLC K 1683013 COST