2023-10-31T14:27:41-05:00 2022-12-31 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2022-01-01 237267983 ANDERSON RANCH ARTS CENTER ANDE 9709233181 PO BOX 5598 SNOWMASS VILLAGE CO 81615 PETER WAANDERS PRESIDENT AND CEO 9709233181 2023-10-31 1 PETER WAANDERS XXX-XX-XXXX 0 FRANK H SMITH P00639053 2022274000 2023-10-31 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z PETER WAANDERS PO BOX 5598 SNOWMASS VILLAGE CO 81615 12563118 0 X WWW.ANDERSONRANCH.ORG X 1973 CO PROVIDE INSTRUCTION IN THE FINE ARTS FOR 1,200 CHILDREN AND ADULTS ANNUALLY. 22 22 74 27 0 0 5401050 4821400 954321 1189388 959423 778981 129347 53526 7444141 6843295 378990 349583 0 0 3227132 3605133 0 0 705869 2122562 2728067 5728684 6682783 1715457 160512 19349000 17817569 548869 920576 18800131 16896993 X ANDERSON RANCH ARTS CENTER (THE RANCH) IS A LEARNING COMMUNITY DEDICATED TO CREATIVITY AND GROWTH THROUGH THE MAKING AND UNDERSTANDING OF THE VISUAL ARTS LOCATED ON FIVE SCENIC ACRES IN SNOWMASS VILLAGE, NEAR ASPEN, COLORADO. WE PROMOTE PERSONAL AND PROFESSIONAL DEVELOPMENT OF ARTISTS OF ALL LEVELS OF EXPERTISE THROUGH YEAR-ROUND WORKSHOPS IN CERAMICS, SCULPTURE, PHOTOGRAPHY, NEW MEDIA, PAINTING AND DRAWING, PRINTMAKING, WOODWORKING, FURNITURE DESIGN AND MORE. OUR ARTISTS' RESIDENCIES FOR EMERGING AND ESTABLISHED ARTISTS, SUMMER INTERNSHIPS, VISITING ARTISTS AND CRITICS, COMMUNITY OUTREACH, AND PUBLIC EVENTS OFFER A FULL SPECTRUM OF OPPORTUNITIES TO CREATIVE PEOPLE OF ALL LEVELS. THE FACILITIES FEATURE FULLY-EQUIPPED ART STUDIOS AND GALLERIES. THE RANCH'S PROGRAMS AND ACTIVITIES, INCLUDING ART AUCTIONS AND ARTIST SLIDE LECTURES ATTRACT THOUSANDS OF ARTISTS, ART-LOVERS, STUDENTS, FACULTY AND PATRONS ANNUALLY TO THIS HISTORIC ROCKY MOUNTAIN RANCH DEDICATED TO THE FINE ARTS. 0 0 2609988 349583 1161394 WORKSHOP PROGRAM SUMMARY (2022): ANDERSON RANCH HOSTED 1,050 STUDENTS IN DIVERSE SUMMER WORKSHOPS, DRAWING NATIONWIDE PARTICIPATION. THE ORGANIZATION MADE STRIDES TOWARDS ITS COMMITMENT TO DEIB THROUGH INCREASED FACULTY DIVERSITY, WITH NEARLY HALF IDENTIFYING AS BIPOC. ADDITIONALLY, 25% OF STUDENTS (278 INDIVIDUALS) RECEIVED SCHOLARSHIPS VIA STRATEGIC COLLEGE PARTNERSHIPS, ENSURING ACCESSIBILITY. AN INNOVATIVE ARTISTIC INTERNSHIP AND AWARD PROGRAM BENEFITED 16 EMERGING ARTISTS, EMPHASIZING INCLUSIVITY.- IN 2022, ANDERSON RANCH HOSTED OVER 1,050 STUDENTS IN DIVERSE ONE- AND TWO-WEEK SUMMER WORKSHOPS. THE INSTITUTION'S DEDICATED STAFF, TOP-NOTCH FACILITIES, AND SCENIC CAMPUS ATTRACTED PARTICIPANTS NATIONWIDE.- ANDERSON RANCH PROUDLY UPHOLDS ITS COMMITMENT TO DIVERSITY, EQUITY, INCLUSION, AND BELONGING (DEIB) WITH A SIGNIFICANT INCREASE IN FACULTY DIVERSITY, WHERE NEARLY HALF OF THE FACULTY IDENTIFY AS BIPOC.- FURTHERMORE, 25% OF STUDENTS (278 INDIVIDUALS) RECEIVED SCHOLARSHIPS THROUGH STRATEGIC PARTNERSHIPS WITH 77 COLLEGES, INCLUDING HISTORICALLY BLACK COLLEGES, THE INSTITUTE OF AMERICAN INDIAN ARTS, AND THE FIRST PEOPLES' FUND.- ADDITIONALLY, ANDERSON RANCH INTRODUCED AN INNOVATIVE ARTISTIC INTERNSHIP AND AWARD PROGRAM, ENABLING 16 EMERGING ARTISTS TO GAIN HANDS-ON STUDIO EXPERIENCE FROM JUNE TO SEPTEMBER. THIS COMPREHENSIVE PROGRAM INCLUDES ROOM, BOARD, TRAVEL ASSISTANCE, AND POST-PROGRAM AWARDS, REFLECTING THE INSTITUTION'S DEDICATION TO ENSURING ACCESSIBILITY FOR ALL ASPIRING ARTISTS. 1260096 344258 CAMPUS SERVICES: ANDERSON RANCH OFFERS ESSENTIAL ON-CAMPUS AMENITIES TO ENHANCE THE EXPERIENCE OF OUR PROGRAM PARTICIPANTS. THESE SERVICES INCLUDE A DORMITORY, CAFE, LIBRARY, ART SUPPLIES STORE, AND EXHIBITION SPACE. BY PROVIDING FOOD, HOUSING, SUPPLIES, AND EXHIBITION OPPORTUNITIES, THE RANCH FOSTERS AN IMMERSIVE AND SUPPORTIVE ENVIRONMENT FOR ARTISTIC GROWTH. 158120 100578 ARTISTS-IN-RESIDENCE PROGRAM (2022): ANDERSON RANCH'S ARTISTS-IN-RESIDENCE PROGRAM HOSTED 46 DIVERSE ARTISTS IN THREE TERMS, SPANNING DISCIPLINES LIKE CERAMICS, PHOTOGRAPHY, AND FURNITURE DESIGN, FOSTERING CROSS-DISCIPLINARY EXPLORATION. UNDER STAFF GUIDANCE, RESIDENTS ENGAGED IN COLLABORATIVE PROJECTS AND MENTORSHIP, ENHANCING ARTISTIC GROWTH. COMMUNAL LIVING, SHARED MEALS, LECTURES, AND OUTINGS ENRICHED THE PROGRAM'S IMPACT AND COMMUNITY SPIRIT. ANDERSON RANCH IS DEDICATED TO NURTURING ARTISTS OF ALL AGES, BACKGROUNDS, AND SKILL LEVELS, OFFERING DIVERSE EDUCATIONAL OPPORTUNITIES. FROM INTENSIVE WORKSHOPS LED BY RENOWNED FACULTY TO CRITICAL STUDIES PROGRAMS, ARTIST RESIDENCIES, AND FREE LECTURES ON CONTEMPORARY ART, WE PROVIDE A NURTURING ENVIRONMENT WHERE ARTISTS CAN EXPLORE, LEARN, AND GROW.WE EMPHASIZE SMALL CLASS SIZES TO PROVIDE PERSONAL ATTENTION AND FOSTER DIRECT FACULTY ACCESS. OUR STUDIOS ARE AVAILABLE 24/7, ENCOURAGING UNBRIDLED CREATIVITY. WE INSTILL IN OUR COMMUNITY THE VALUES OF ART AS A WAY OF LIFE AND A PROFESSIONAL PATH, AS WELL AS THE IMPORTANCE OF GIVING MORE THAN ONE TAKES AND CREATING FOR THE ENJOYMENT OF OTHERS.ANDERSON RANCH'S IMPACT THROUGH ART EXTENDS TO BOTH THE ON-CAMPUS COMMUNITY AND THE ROARING FORK VALLEY.- PUBLIC PROGRAMS: THE RANCH HOSTS A WIDE ARRAY OF FREE PUBLIC EVENTS, INCLUDING LECTURES, TOURS, SEMINARS, AND EXHIBITIONS, WITH A PRIMARY AIM OF EDUCATING THE PUBLIC ABOUT ART AND ARTISTS. THESE INITIATIVES HAVE GARNERED SIGNIFICANT ATTENDANCE, WITH THE SUMMER SERIES, FEATURING RENOWNED ARTISTS, DRAWING OVER 700 PARTICIPANTS.- LATINX OUTREACH PROGRAM: ANDERSON RANCH INITIATED A COMPREHENSIVE COMMUNITY OUTREACH PROGRAM TO BOLSTER SERVICES RELATED TO LATINX ARTS AND CULTURE IN THE REGIONAL COMMUNITY. THIS YEAR-LONG, MULTIFACETED PROGRAM AIMED TO ENGAGE AND UNIFY DIVERSE COMMUNITIES AROUND THE SHARED INTEREST IN LATINX ARTS AND CULTURE. THE PROGRAM'S IMPACT IS EVIDENT IN THE SUCCESSFUL 2022 HISPANIC HERITAGE CELEBRATION, WHICH ATTRACTED OVER 600 ATTENDEES, A MAJORITY OF WHOM WERE LATINX AND HAD NOT PREVIOUSLY VISITED THE RANCH CAMPUS. THIS CULTURALLY RESPONSIVE PROGRAM HAS FOSTERED INSPIRING ENGAGEMENT WITH EDUCATORS, LEADERS, STUDENTS, AND THE BROADER ROARING FORK AND LATINX COMMUNITY.- VISITING ARTIST PROGRAMS: THE VISITING ARTISTS PROGRAM SERVES AS A CORNERSTONE OF THE RANCH'S OFFERINGS, BRINGING ACCOMPLISHED ARTISTS FROM VARIOUS DISCIPLINES TO THE CAMPUS. IN 2022, THE RANCH HOSTED 26 VISITING ARTISTS, SIGNIFICANTLY ENHANCING THE ARTISTIC DISCOURSE AND EXPERIENCES OF PROGRAM PARTICIPANTS.FOR OVER 50 YEARS, ANDERSON RANCH HAS WELCOMED INDIVIDUALS PASSIONATE ABOUT THE ARTS. WE RECOGNIZE THE POWER OF ART IN INSPIRING UNIQUE THOUGHT AND EXPRESSION AND VIEW ARTISTS AS INFLUENTIAL EDUCATORS DURING TIMES OF PROFOUND CHANGE AND GROWTH. OUR DELIBERATE FOCUS IS ON PROMOTING INCLUSIVITY WITHIN OUR COMMUNITY, PARTICULARLY AMONG HISTORICALLY UNDERREPRESENTED GROUPS BASED ON VARIOUS FACTORS.OUR COMMITMENT TO EQUITY AND DIVERSITY IS ONGOING, WITH AN ACTIVE EMPHASIS ON LISTENING TO OUR COMMUNITY'S NEEDS, CONDUCTING RESEARCH ON DIVERSE ARTISTIC PROGRAMMING, FORMING PARTNERSHIPS WITH BIPOC AND LGBTQ+ COMMUNITIES, AND ENGAGING CULTURAL ORGANIZATIONS. WE PRIORITIZE EDUCATION AND DEVELOPMENT OPPORTUNITIES FOR OUR STAFF, FACULTY, AND BOARD MEMBERS TO FORTIFY OUR COMMITMENT TO EQUITY AND DIVERSITY.ACKNOWLEDGING THAT OUR CAMPUS IS SITUATED ON THE TRADITIONAL, ANCESTRAL TERRITORY OF THE UTE PEOPLE, WHO CALLED THE ROARING FORK VALLEY HOME FOR OVER 800 YEARS, ANDERSON RANCH IS COMMITTED TO HONORING THE INDIGENOUS ANCESTORS AND RESIDENTS OF THIS SACRED LAND. THROUGH OUR MISSION, WE PLEDGE TO PROMOTE A WIDE RANGE OF ARTS, CULTURES, AND VOICES, PARTNERING WITH AND PAYING TRIBUTE TO THE INDIGENOUS COMMUNITIES THAT ENRICH THIS HALLOWED GROUND WHERE WE LEARN, WORK, AND CREATE. 4028204 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 186 0 1 74 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CO X X PETER WAANDERS 9709233181 5263 OWL CREEK ROAD SNOWMASS VILLAGE CO 81615 REGGIE SMITH CHAIR 1.00 X X 0 0 0 KAREN LORD VICE CHAIR - UNTIL 12/2022 0.50 X X 0 0 0 BECKY MURRAY SECRETARY 0.50 X X 0 0 0 TERRY SIEGEL TREASURER 0.50 X X 0 0 0 IAN ALTEVEER TRUSTEE 0.50 X 0 0 0 LUCY WOOD BAIRD TRUSTEE 0.50 X 0 0 0 MARIANNE BOESKY TRUSTEE - UNTIL 12/2022 0.50 X 0 0 0 CHARLES BURSON TRUSTEE 0.50 X 0 0 0 RONA CITRIN TRUSTEE 0.50 X 0 0 0 MOTI FERDER TRUSTEE 0.50 X 0 0 0 JAMI GERTZ TRUSTEE 0.50 X 0 0 0 MICHELLE GRIFFITH TRUSTEE 0.50 X 0 0 0 PHILAE KNIGHT TRUSTEE 0.50 X 0 0 0 JONATHAN LEE TRUSTEE 0.50 X 0 0 0 MIKE LYON TRUSTEE 0.50 X 0 0 0 LIZA MAUCK TRUSTEE 0.50 X 0 0 0 ANTHONY MAVUNGA TRUSTEE 0.50 X 0 0 0 GABRIELA PALMIERI TRUSTEE - UNTIL 12/2022 0.50 X 0 0 0 KEVIN RAMNARAINE TRUSTEE 0.50 X 0 0 0 ANNE REYES TRUSTEE 0.50 X 0 0 0 JOHN ROWLAND TRUSTEE 0.50 X 0 0 0 CAPERA RYAN TRUSTEE 0.50 X 0 0 0 ALEX SANCHEZ TRUSTEE 0.50 X 0 0 0 ALBERT SANFORD TRUSTEE - UNTIL 12/2022 0.50 X 0 0 0 JEANNIE SEYBOLD TRUSTEE 0.50 X 0 0 0 RUDY WEISSENBERG TRUSTEE - UNTIL 12/2022 0.50 X 0 0 0 MARIE WISE TRUSTEE 0.50 X 0 0 0 PETER WAANDERS PRESIDENT AND CEO 40.00 X 259553 0 18336 ASHLEY TODEY VP, OPERATIONS AND BUSINESS UNITS 40.00 X 176825 0 14820 ANDREA WALLACE VICE PRESIDENT, ARTISTIC AFFAIRS 40.00 X 154471 0 57389 MICHAEL ALDRIDGE VP, EXTERNAL RELATIONS 40.00 X 116348 0 7701 707197 0 98246 3 0 1 0 0 828693 56648 3936059 412465 4821400 TUITION 611610 1161394 1161394 PROGRAM FEES 611610 27994 27994 1189388 201708 201708 72584 0 72584 72584 72584 5339032 4761759 577273 577273 577273 40270 828693 532085 -491815 -491815 897760 425979 471781 344258 127523 976 976 976 6843295 1606230 0 415665 349583 349583 657644 218997 218996 219651 2396366 1386240 757510 252616 36708 12014 24516 178 298907 133569 131152 34186 215508 99407 92468 23633 50751 50751 48076 48076 64088 64088 296704 131463 86167 79074 68180 66032 2148 301985 210459 84109 7417 105273 19374 84628 1271 249033 243726 5307 240840 179678 11472 49690 10014 3593 5790 631 9415 9415 422098 359043 63055 121348 60915 60433 EQUIPMENT AND MAINTENAN 170035 100038 69997 0 ART WORK AND COMMISSION 109377 109377 0 ART SUPPLIES 109039 100381 8658 CREDIT CARD FEES 84874 80469 4405 266937 163846 69974 33117 6682783 4028204 1948710 705869 180691 131378 908901 933319 646359 1787104 550167 35782 2204 2191 227695 230021 12947210 8279659 4887996 4667551 11944987 9792052 0 238171 19349000 17817569 194217 193811 204752 240774 149900 485991 548869 920576 X 6823752 5663978 11976379 11233015 18800131 16896993 19349000 17817569 160512 -2063650 0 X 0 1 X 1 0 X 3537113 4398903 3656520 5401050 4821400 21814986 3537113 4398903 3656520 5401050 4821400 21814986 992544 20822442 408355 448289 279720 457812 516958 2111134 2955 17 13132 976 17080 23943200 8694324 0.86970 0.88570 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 1 10196893 122192 -1218872 439900 8660313 9119168 53441 1384009 359725 10196893 8631210 108402 688281 308725 9119168 7422481 55056 1498673 345000 8631210 7808079 265424 -489064 161958 7422481 1.00000 1 0 248045 248045 9336781 5827602 3509179 3362384 2452057 910327 4667551 X 5651271 -2063650 40150 -2023500 7674771 64088 -895564 -831476 6843295 7554409 40150 895564 935714 6618695 64088 64088 6682783 PART III, LINE 1A: THE RANCH ACQUIRES ITS COLLECTIONS, WHICH INCLUDE VARIOUS WORKS OF ART, PRIMARILY BY DONATION OR LOAN, AND OCCASIONALLY BY PURCHASES. COLLECTIONS ARE HELD FOR PUBLIC EXHIBITION, EDUCATION OR RESEARCH. EACH OF THE ITEMS IS CATALOGUED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE CONTINUOUSLY PERFORMED. THE COLLECTIONS ARE NOT RECOGNIZED AS ASSETS IN THE ACCOMPANYING STATEMENT 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 NET ASSETS WITH DONOR RESTRICTIONS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. PART III, LINE 4: THE ART DONATIONS THE RANCH RECEIVES ARE SOLICITED BY THE DEVELOPMENT AND EVENTS TEAM AT THE RANCH'S FUNDRAISING EVENTS. THE ART DONATIONS ARE HELD FOR PUBLIC EXHIBITION, EDUCATION, AND RESEARCH FOR THE ART STUDENTS WHO ATTEND CLASSES AT THE RANCH. PART V, LINE 4: THE PRIMARY USE OF ENDOWMENT FUNDS SCHOLARSHIP ARE TO SUPPORT ARTIST ENDEAVORS THROUGH RESIDENCY PROGRAMS AND SCHOLARSHIP PROGRAMS. PART X, LINE 2: THE RANCH PERFORMED AN EVALUATION OF UNCERTAINTY IN INCOME TAXES FOR THE YEAR ENDED DECEMBER 31, 2022 AND DETERMINED THAT THERE ARE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE -532,085. COST OF GOODS SOLD -425,979. OTHER LOSSES 62,500. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 425,979. SPECIAL EVENTS EXPENSE 532,085. OTHER -62,500. 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 IN THE RANCH'S GENERAL REGISTRATION INFORMATION, IT IS PUBLISHED THAT ANDERSON RANCH ACCEPTS ALL PERSONS REGARDLESS OF RACE, COLOR, NATIONAL ORIGIN, GENDER, SEXUAL ORIENTATION OR RELIGION. SCHEDULE E, PART I, LINE 4 AN OPTIONAL SURVEY IS SENT TO STUDENTS WHICH INCLUDES A QUESTION ON RACE, IT IS NOT OBLIGATORY TO RESPOND. IT IS FOR OUR TRACKING PURPOSES ONLY. SCHEDULE E, PART I, LINE 6 THE RANCH RECEIVED A GRANT FROM THE CITY OF ASPEN IN THE AMOUNT OF $11,648, THE TOWN OF SNOWMASS VILLAGE IN THE AMOUNT OF $5,000, THE NATIONAL ENDOWMENT FOR THE ARTS IN THE AMOUNT $30,000 AND COLORADO CREATIVE INDUSTRIES IN THE AMOUNT OF $10,000 DURING THE YEAR ENDED DECEMBER 31, 2022. RECOGNITION DINNER 744950 716775 28175 181486 125688 5100 146376 ANNUAL ART AUCTION 105813 97318 8495 9033 17566 3000 34136 1 18200 14600 3600 4825 500 4375 868963 828693 40270 190519 148079 8600 184887 532085 -491815 1 PROGRAM SCHOLARSHIPS 225 349583 FMV SCHOLARSHIP PART I, LINE 2: THE GRANTS AWARDED BY THE RANCH ARE PRIMARILY FOR REDUCTIONS IN THE FULL PRICE OF THE ART CLASSES AND OTHER SERVICES. AS SUCH, THE RANCH DOES NOT HAVE A NEED TO SELF-MONITOR THE SPENDING. X X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 PETER WAANDERS PRESIDENT AND CEO 225553 0 25000 0 9000 0 7500 0 10836 0 277889 0 0 0 ANDREA WALLACE VICE PRESIDENT, ARTISTIC AFFAIRS 144471 0 10000 0 0 0 4500 0 52889 0 211860 0 0 0 ASHLEY TODEY VP, OPERATIONS AND BUSINESS UNITS 148075 0 10000 0 18750 0 4812 0 10008 0 191645 0 0 0 PART I, LINE 1A THE RANCH PROVIDED HOUSING TO ANDREA WALLACE AND ASHLEY TODEY AT A VALUE OF $42,000 AND $25,000, RESPECTIVELY,FOR THE YEAR ENDED DECEMBER 31, 2022. THE RANCH PROVIDED SOCIAL CLUB DUES TO PETER WAANDERS AT A VALUE OF $9,000 FOR THE YEAR ENDED DECEMBER 31, 2022. PART I, LINE 7 BONUSES RECEIVED BY EMPLOYEES WERE PAID BASED ON PERFORMANCE OF DUTIES AS WELL AS OTHER DISCRETIONARY CRITERIA. DURING THE YEAR ENDED DECEMBER 31, 2022 THE FOLLOWING PEOPLE RECEIVED BONUSES IN THE FOLLOWIGN AMOUNTS: PETER WAANDERS, $25,000, ANDREA WALLACE, $10,000, AND ASHLEY TODEY, $10,000. X 1 54849 FMV X 13772 ESTIMATED FMV X 2 8290 FMV 0 0 1 0 PART I, COLUMN (B): THE TOTAL REPRESENTED IN PART I, COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS THAT WERE RECEIVED FOR THE YEAR ENDED DECEMBER 31, 2022. PART I, LINE 33: THE RANCH ACQUIRES ITS COLLECTIONS, WHICH INCLUDE VARIOUS WORKS OF ART, PRIMARILY BY DONATION OR LOAN, AND OCCASIONALLY BY PURCHASES. COLLECTIONS ARE HELD FOR PUBLIC EXHIBITION, EDUCATION OR RESEARCH. EACH OF THE ITEMS IS CATALOGUED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE CONTINUOUSLY PERFORMED. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS, THUS SCHEDULE M LINE 1 DOES NOT INCLUDE CONTRIBUTED COLLECTION ARTWORK. A FURTHER EXPLANATION OF THE FINANCIAL TREATMENT OF THE RANCH'S COLLECTIONS IS SHOWN IN SCHEDULE D. FORM 990, PART VI, SECTION B, LINE 11B ANDERSON RANCH PROVIDES A FULL COPY OF THE FORM 990 TO THE BOARD OF TRUSTEES FOR APPROVAL BEFORE FILING THE FORM. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER, TRUSTEE, KEY EMPLOYEE, OR MEMBER OF A BOARD COMMITTEE SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A. HAS RECEIVED A COPY OF THE POLICY; B. HAS READ AND UNDERSTOOD THE POLICY; C. HAS AGREED TO COMPLY WITH THE POLICY, AND; D. UNDERSTANDS THAT THE RANCH IS A CHARITABLE ORGANIZATION AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE TRUSTEES AND/OR MEMBERS OF A BOARD COMMITTEE CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE BOARD OF TRUSTEES MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING TRUSTEES OR BOARD COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT AND CEO'S COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE AND BOARD CHAIR. THE RANCH HAS IMPLEMENTED A COMPENSATION COMMITTEE THAT DOES PERIODIC BENCHMARKING AND COMPENSATION REVIEWS AS WELL. BENCHMARKING WAS COMPLETED IN 2020 AND OFFICER AND KEY EMPLOYEES' COMPENSATION WAS ALSO REVIEWED DURING FISCAL YEAR 2020. FORM 990, PART VI, SECTION C, LINE 19 THE RANCH MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND FEDERAL FORM 990 AVAILABLE TO THE PUBLIC VIA ITS WEBSITE.