2025-05-14T15:33:57-05:00 2024-06-30 450250958 EIDE BAILLY LLP 10681 FOOTHILL BLVD STE 300 RANCHO CUCAMONGA CA 917303831 990 2023-07-01 951809576 PALM SPRINGS ART MUSEUM PALM 7603224851 101 N MUSEUM DR PALM SPRINGS CA 92262 JANE EMISON CHAIR 7603224851 2025-05-14 1 0 CATHERINE L GRAY CPA P01294460 9094664410 2025-05-14 2023 2025-03-06 01:10:19Z JANE EMISON 101 N MUSEUM DR PALM SPRINGS CA 92262 36412171 0 X WWW.PSMUSEUM.ORG X 1938 CA PALM SPRINGS ART MUSEUM IS COMMITTED TO EXPRESSING OUR UNIQUE VOICE AS AN INCLUSIVE, 21ST CENTURY MUSEUM, AND EVOLVING CENTER OF COMMUNITY BELONGING. 24 24 140 296 0 0 5680642 6159778 1338152 1910142 25012 1533935 327210 129043 7371016 9732898 0 0 0 0 4136050 5641269 0 0 704884 3703302 5801111 7839352 11442380 -468336 -1709482 38254186 40516080 773422 3379242 37480764 37136838 X PALM SPRINGS ART MUSEUM CREATES TRANSFORMATIVE EXPERIENCES THAT EXPAND OUR UNDERSTANDING OF OURSELVES AND THE WORLD. PALM SPRINGS ART MUSEUM HAS A WIDE-REACHING AND GROWING PERMANENT COLLECTION OF OVER 12,000 OBJECTS ROOTED IN MODERN AND CONTEMPORARY ART, ARCHITECTURE, AND DESIGN THAT HAS DEVELOPED FROM OF OUR UNIQUE HISTORY, CULTURE, AND PLACE.THE MUSEUM'S COLLECTION, EXHIBITION, AND EDUCATION PROGRAMS CONNECT THE PUBLIC WITH ART AND IDEAS THAT SERVE AND ADAPT WITH THE DYNAMIC AND GROWING COMMUNITY THAT CALLS PALM SPRINGS HOMEAS WELL AS NEW GENERATIONS OF VISITORS WHO CONTINUE TO MAKE THE AREA A DESTINATION FOR REJUVENATION, ENTERTAINMENT, AND CULTURAL EXCURSION.THE MUSEUM IS COMMITTED TO HARNESSING THE RICH LEGACY, DIVERSE CREATIVE OPPORTUNITIES, AND PHILANTHROPIC SUPPORT THAT IS SHAPING OUR MUSEUM'S FUTURE AND MAKE AN IMPACT UPON THE EVOLVING CULTURAL LANDSCAPE OF OUR REGION. 0 0 7585811 2516123 FOUNDED IN 1938, PALM SPRINGS ART MUSEUM (PSAM) IS THE LARGEST ARTS CULTURAL INSTITUTION IN THE COACHELLA VALLEY. ACCREDITED BY THE AMERICAN ASSOCIATION OF MUSEUMS, THE MUSEUM HAS 28 GALLERIES, TWO SCULPTURE GARDENS, FOUR CLASSROOMS, A RESOURCE CENTER, FIVE STORAGE VAULTS, AN 85-SEAT LECTURE HALL, A 433-SEAT PROFESSIONAL THEATER, A 1,000 SQUARE-FOOT STORE SPACE, A PERMANENT COLLECTION OF 16,000+ WORKS OF ART (INCLUDING PAINTING, SCULPTURE, PHOTOGRAPHY, DRAWINGS, PRINTS, AND MEDIA WORKS, WITH STRENGTHS IN MODERN AND CONTEMPORARY ART), AND A BISTRO ALL IN A 150,000 SQUARE-FOOT ARCHITECTURALLY SIGNIFICANT BUILDING. OUR SATELLITE LOCATION, THE ARCHITECTURE AND DESIGN CENTER, EDWARDS HARRIS PAVILION FEATURES A 17,000 SQUARE-FOOT SPACE FOR EXHIBITIONS AND PROGRAMMING. WE ALSO HAVE A SATELLITE OUTDOOR VENUE, THE FOUR-ACRE FAYE SARKOWSKY SCULPTURE GARDEN IN PALM DESERT WHICH IS FREE AND OPEN 24/7. WE CURRENTLY OFFER 10 MEMBERSHIP LEVELS RANGING FROM $50 TO $25,000. MEMBERSHIP IN 2024 REMAINED STEADY WITH 3,300 MEMBERS; IN LINE WITH THE PREVIOUS YEAR.IN FISCAL YEAR ("FY") 2024, OUR VISITOR TOTAL WAS 164,912 AND IN FY 2023, TOTAL VISITATION WAS 134,557. IN TERMS OF REVENUE, FY 2024, ADMISSIONS REVENUE WAS $1,1039,410 VS FY 2023, $1,107,427. FY 2023 WAS ONLY NINE MONTHS DUE TO CHANGING OUR FISCAL YEAR END TO JUNE 30 FROM SEPTEMBER 30.THE MUSEUM PRESENTED THREE MAJOR EXHIBITIONS IN OUR MAIN MUSEUM IN FY 2024, KALI ARTOGRAPHER, 1932-2019, AN EXHIBITION CHAMPIONING THE WORK OF THE PIONEER LIGHT AND SPACE MOVEMENT ARTIST NORMAN ZAMMITT; AS WELL AS MYTHOPIETICA; AN EXHIBITION HIGHLIGHTING THE WORK OF ARTISTS IN THE SOUTHERN CALIFORNIA INLAND REGION WHOSE WORK INCORPORATES MYTHOLOGIES, ICONOGRAPHIES, AND CULTURAL CODES. IN MARCH 2024 THE MUSEUM LAUNCHED ITS Q+ ART INITIATIVE AND DEDICATED THE MONTGOMERY GALLERY TO SHOWCASE Q+ ARTISTS FROM OUR PERMANENT COLLECTION. TO MOVE TOWARD THE LIMITS OF LIVING EXAMINED HOW LGBTQ+ ARTISTS USED DIVERSE STRATEGIES TO RESPOND TO EXPERIENCES OF EXCLUSION AND DISCOVER NEW POSSIBILITY, CASTING LIGHT ON SUBJECTS INCLUDING THE LGBTQ+ SELF, DOMESTIC SPACE, AND THE BROADER SOCIAL WORLS.THE MUSEUM CONTINUED ITS OUTBURST PROJECTS OF SMALL-FORMAT EXHIBITIONS FOR EMERGING ARTISTS AND FEATURED PALM SPRINGS ARTIST THOMAS MICHAEL JOHNSON AS WELL AS A ANGELES-BASED ARTIST ALAKE SHILING. THERE HAVE ALSO BEEN SEVERAL SMALLERPERMANENT COLLECTION ROTATIONS ALLOWING THE MUSEUM TO SHARE MORE WORKS FROM OUR DYNAMIC HOLDINGS-IN AREAS OF ARCHITECTURE AND DESIGN, ART OF THE WESTERN AMERICAS, MODERN AND CONTEMPORARY ART, PHOTOGRAPHY, AND STUDIO GLASS. AT THE ARCHITECTURE AND DESIGN CENTER, THE MUSEUM PRESENTED A MAJOR EXHIBITION CELEBRATING THE LIFE AND WORKS OF ALBERT FREY. ALBERT FREY HELPED TO ESTABLISH PALM SPRINGS AS A WORLD-RECOGNIZED CENTER FOR MODERN ARCHITECTURE AND DESIGN. HE WAS THE FIRST ARCHITECT TO DESIGN A MODERN INTERNATIONAL STYLE STRUCTURE FOR PALM SPRINGS AND PAVED THE WAY FOR MODERN ARCHITECTURE AND THE ARCHITECTS THAT FOLLOWED.THE MUSEUM CONTINUED TO HOLD "THURSDAY NIGHT SESSIONS" FEATURING FREE ADMISSION FROM 5:00 8:00 P.M. AS WELL AS ART ACTIVITIES AND DJS IN THE GALLERIES. THURSDAY NIGHT SESSIONS IS SPONSORED BY THE CITY OF PALM SPRINGS. THE PUBLIC PROGRAMMING DEPARTMENT ALSO BUILT UPON THE FAMILY+ SERIES OF FREE ADMISSION AND ACTIVITIES EVERY THIRD SUNDAY OF THE MONTH. ADDITIONALLY, WE WORKED WITH DIFFERENT COMMUNITY-BASED GROUPS AND ORGANIZATIONS TO WELCOME NEW AUDIENCES THROUGH SPECIAL LIMITED EXHIBITIONS, LECTURES, PERFORMANCES, AND ACTIVITIES. THE MUSEUM CONTINUED TO STRENGTHEN ONGOING PARTNERSHIPS WITH THE PALM SPRINGS BLACK HISTORY MONTH COMMITTEE, RAICES, MODERNISM WEEK, DESERT X AND THE PALM SPRINGS INTERNATIONAL FILM FESTIVAL. INDIVIDUAL LECTURES WERE PRESENTED INVOLVING EXHIBITING AND VISITING ARTISTS AND CURATORS, ARCHITECTS, AND DESIGNERS, AND EXPERTS IN A RANGE OF FIELDS. IN 2024, THE MUSEUM AGAIN PRESENTED A MUSEUM-WIDE PRIDE CELEBRATION FOR THE LGBTQ+ COMMUNITY AND ITS ALLIES, AS WELL ITS ANNUAL SUMMER FILM SERIES. 7585811 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 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 0 0 0 0 1 159 0 1 140 1 0 0 0 0 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X NICHOLE PINGREE 7603224851 101 N MUSEUM DR PALM SPRINGS CA 92262 LEO MARMOL TRUSTEE 1.00 X 0 0 0 MARK LEONARD TRUSTEE 1.00 X 0 0 0 MATT FELTON TRUSTEE 1.00 X 0 0 0 AMJAD BANGASH TRUSTEE 1.00 X 0 0 0 ROBERTA HOLLAND TRUSTEE 1.00 X 0 0 0 PATRICIA MARINO TRUSTEE 1.00 X 0 0 0 RICHARD CAIN TRUSTEE 1.00 X 0 0 0 LEONARD S EBER TRUSTEE 1.00 X 0 0 0 DIANE RUBIN TRUSTEE 1.00 X 0 0 0 BARBARA GOTHARD TRUSTEE 1.00 X 0 0 0 LJ CELLA TRUSTEE 1.00 X 0 0 0 JOHN P MONAHAN TRUSTEE 1.00 X 0 0 0 PAMELA SCHMIDER TRUSTEE 1.00 X 0 0 0 LINDA SINGH TRUSTEE 1.00 X 0 0 0 MARY INGEBRAND-POHLAD EXECUTIVE VICE CHAIR 2.00 X X 0 0 0 VEE SOTELO SECRETARY 2.00 X X 0 0 0 TOM MINDER EXECUTIVE VICE CHAIR 2.00 X X 0 0 0 GARY GRACE TREASURER 2.00 X X 0 0 0 CRAIG HARTZMAN BOARD PRESIDENT 2.00 X X 0 0 0 JANE EMISON EXECUTIVE CHAIR 10.00 X X 0 0 0 JOHN PEIRCE DEPUTY DIRECTOR/CFO 40.00 X 151131 0 55786 ADAM LERNER CEO 40.00 X 298295 0 38770 MARK L BAUMGARTNER CHIEF ADVANCEMENT OFFICER 40.00 X 156210 0 30724 RACHAEL FAUST DIRECTOR OF COLLECTIONS AND EXHIBITIONS MANAGEMENT 40.00 X 103693 0 12489 LUISA HEREDIA CHIEF EDUCATION AND COMMUNITY ENGAGEMENT OFFICER 40.00 X 127214 0 29834 LESLIE STEWART DIRECTOR OF ADMINISTRATION 40.00 X 102543 0 21805 NICHOLE L PINGREE DIRECTOR OF FINANCE 40.00 X 103276 0 5665 1042362 0 195073 7 0 1 0 MOMENTOUS EVENTS 777 E TAHQUITZ CANYON WAY SUITE 2 PALM SPRINGS CA 92262 EVENTS PRODUCTION PLANNER 229651 P&K INVESTMENT CO LLC 200 S PALM CANYON DRIVE PALM DESERT CA 92262 CATERING 130050 2 1011086 786420 4362272 310760 6159778 ADMISSIONS 711210 1540841 1540841 MEMBERSHIP DUES 196424 196424 EXHIBITIONS & PROGRAMS 172877 172877 1910142 600041 600041 26651474 25717580 933894 933894 933894 0 1011086 476938 -476938 -476938 735244 484755 250489 250489 FACILITY USE FEE 355492 355492 355492 9732898 2516123 0 1056997 X 786577 147979 564609 73989 3989782 3483503 231379 274900 472838 31903 432427 8508 392072 311963 55846 24263 13829 13829 25800 25800 103680 103680 1170253 869451 248661 52141 15561 15561 301393 274808 20666 5919 122789 51441 59301 12047 485458 485458 59785 38801 14288 6696 314832 183049 16018 115765 57442 57442 647059 622045 25014 217108 177104 28479 11525 COLLECTION PURCHASES 1140166 1140166 REPAIRS AND MAINTENANCE 262473 262473 POSTAGE AND DELIVERY 183371 147435 6955 28981 BANK CHARGES 129159 74750 24684 29725 550953 408087 82441 60425 11442380 7585811 3151685 704884 158093 132099 598754 843537 1379885 1660288 1194518 349158 261615 155993 144669 261820 32818326 19423639 11643345 13394687 22038987 22973900 834320 744598 38254186 40516080 569880 825745 96476 94680 2375000 107066 83817 773422 3379242 X 9599795 9439551 27880969 27697287 37480764 37136838 38254186 40516080 X -1709482 1430264 -64708 X 0 1 X 1 0 X 6417706 5350102 5019938 5680642 6159778 28628166 6417706 5350102 5019938 5680642 6159778 28628166 28628166 409061 356757 382881 378266 600041 2127006 486941 1212890 530073 659970 355492 3245366 34000538 5283444 0.84200 0.81360 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 14100175 3863112 952666 17010621 12195226 6566 2931213 1032830 14100175 17945205 -3090293 2560400 99286 12195226 18662455 5950 2332918 2953111 103007 17945205 18849691 7501 1137213 1240264 91686 18662455 1 0 1798000 1798000 31020326 19423639 11596687 13394687 LEASE LIABILITY 83817 83817 X 11471712 1430264 412230 1842494 9629218 103680 103680 9732898 11815638 476938 476938 11338700 103680 103680 11442380 PART V, LINE 4: THE MUSEUM'S BOARD-APPROVED DISTRIBUTIONS FROM THE ENDOWMENT FUNDS ARE USED FOR SUPPORT OF GENERAL OPERATIONS AS WELL AS SUPPORT OF SPECIFIC PROGRAMS AS PROVIDED BY ENDOWMENT DONORS, IF APPLICABLE. PART X, LINE 2: MANAGEMENT BELIEVES THAT THE MUSEUM 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 FINANCIAL STATEMENTS. THE MUSEUM WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL INTEREST IN CHARITABLE TRUSTS -64,708. SPECIAL EVENTS 476,938. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS 476,938. PART III, LINE 1A - F/S FOOTNOTE FOR ART, TREASURES, ETC. THE MUSEUM'S COLLECTIONS COMPRISE MORE THAN 16,000 WORKS OF ART INCLUDING SCULPTURES, PAINTINGS, DRAWINGS, PRINTS, PHOTOGRAPHS, CERAMICS, AND CONTEMPORARY GLASS; NATIVE AMERICAN BASKETS, WEAVINGS, POTTERY AND ARTIFACTS; MESOAMERICAN ARTIFACTS; AND ARCHITECTURAL DRAWINGS AND ARCHIVES. IN ADDITION, THE COLLECTIONS INCLUDE THE STEPHEN WILLARD PHOTOGRAPHY ARCHIVE AND THE BILL ANDERSON PHOTOGRAPHIC ARCHIVE, TOTALING APPROXIMATELY 42,000 IMAGES AND ARCHIVAL MATERIALS. THE COLLECTIONS ARE MAINTAINED FOR PUBLIC EXHIBITION, EDUCATION, RESEARCH, AND THE FURTHERANCE OF PUBLIC SERVICE RATHER THAN FOR FINANCIAL GAIN. THE MUSEUM'S COLLECTIONS, ACQUIRED THROUGH DONATIONS AND PURCHASES, ARE NOT RECOGNIZED AS ASSETS IN THE ACCOMPANYING FINANCIAL STATEMENTS. PURCHASES OF COLLECTIONS ARE RECORDED AS DECREASES IN THE APPROPRIATE NET ASSET CLASSIFICATION IN THE YEAR OF ACQUISITION. CONTRIBUTIONS OF COLLECTIONS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS. PROCEEDS FROM THE SALE OF ART ARE RECORDED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSIFICATION IN THE YEAR OF SALE AND ARE RESERVED FOR THE ACQUISITION OF WORKS OF ART AND CONSERVATION OF THE COLLECTIONS' EXISTING WORKS OF ART. COLLECTIONS CONSISTED OF THE FOLLOWING AS OF JUNE 30, 2023: ART $91,669,025; ANTHROPOLOGY $1,893,697; RESERVE $3,459,305; FREY HOUSE $525,552; LIBRARY, ARCHIVES, AND OTHER ITEMS $7,407,504; ITEMS HELD FOR DEACCESSION $460,833 PART III, LINE 1A - F/S FOOTNOTE FOR ART, TREASURES, ETC. COLLECTIONS CONSIST OF ART OBJECTS THAT ARE HELD FOR EDUCATIONAL AND CURATORIAL PURPOSES, INCLUDING PUBLIC DISPLAY AND RESEARCH. EACH OF THE ITEMS IS CATALOGED, PRESERVED, AND CARED FOR, AND KEPT UNENCUMBERED. ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. COLLECTIONS ACQUIRED EITHER THROUGH PURCHASE OR DONATION ARE NOT CAPITALIZED. THE PROCEEDS FROM DEACCESSION OF COLLECTIONS MAY BE USED FOR ACQUISITIONS OF NEW COLLECTIONS, OR THE DIRECT CARE OF EXISTING COLLECTIONS. THE MUSEUM ADHERES TO THE ETHICAL PRINCIPLES AND DEFINITION OF DIRECT CARE ESTABLISHED BY THE AMERICAN ALLIANCE OF MUSEUMS AND CONSIDERS DIRECT CARE TO ENTAIL ACTIONS THAT ENHANCE THE LIFE, USEFULNESS, OR QUALITY OF THE COLLECTIONS TO ENSURE THEY WILL CONTINUE TO BENEFIT THE PUBLIC. THE MUSEUM'S COLLECTIONS MANAGEMENT POLICY INCLUDES CONSERVATION SERVICES, ARCHIVAL SERVICES, COLLECTIONS CARE INVESTMENTS IDENTIFIED THROUGH A CONSERVATION ASSESSMENT AND/OR PLAN, AND COLLECTIONS CARE TRAINING FOR STAFF AND VOLUNTEERS, AS ACTIVITIES THAT ARE CONSIDERED DIRECT CARE OF COLLECTIONS. PURCHASES OF COLLECTIONS ARE RECORDED AS DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTIONS IF PURCHASED WITH ASSETS WITHOUT DONOR RESTRICTIONS AND AS DECREASES IN NET ASSETS WITH DONOR RESTRICTIONS IF PURCHASED WITH DONOR-RESTRICTED ASSETS. CONTRIBUTIONS OF COLLECTIONS ARE NOT RECOGNIZED IN THE STATEMENT OF ACTIVITIES. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED ON THE STATEMENT OF ACTIVITIES AS NONOPERATING REVENUES. THE FAIR MARKET VALUES OF THE WORKS ACQUIRED THROUGH CONTRIBUTIONS WERE $ 762,000(UNAUDITED) AND $2,181,172 (UNAUDITED) DURING THE YEARS ENDED JUNE 30, 2024 AND 2023, RESPECTIVELY. PROCEEDS FROM THE SALE OF DEACCESSIONED ITEMS WERE $24.923,FY24 & $ 984,926 DEACCESSIONED SALES WERE $ . PURCHASES OF COLLECTIONS WERE $1,140,166 AND $86,00 DURING THE YEARS ENDED JUNE 30, 2024 AND 2023, RESPECTIVELY. PART III, LINE 1A - F/S FOOTNOTE FOR ART, TREASURES, ETC. AS PART OF A PLAN APPROVED BY THE BOARD IN JUNE 2005, WORKS OF ART NOT DEEMED TO BE STRATEGIC WERE DEACCESSIONED FROM THE COLLECTIONS. IT WAS AGREED BY THE BOARD THAT DEACCESSIONING PROCEEDS WOULD BE CREDITED TO THE ART ACQUISITION ACCOUNT. THE BOARD ALSO APPROVED THE USE OF NET CASH SURPLUSES IN THE ART ACQUISITION ACCOUNT TO REPAY EXTERNAL DEBT FOR A LIMITED TIME, AND THAT THE BORROWINGS FROM THE ACCOUNT WOULD BE REPAID OVER TIME. THE DEACCESSIONING PROCEDURES WERE DISCUSSED WITH THE AMERICAN ASSOCIATION OF MUSEUMS AND WITH THE ACCREDITATION COMMITTEE IN FEBRUARY 2007, AND SUCH PRACTICES CONFIRMED BY SUCH ORGANIZATIONS AS BEING APPROPRIATE AND CONSISTENT WITH "BEST PRACTICES". FUNDS WERE THEN BORROWED FROM THE ART ACQUISITION ACCOUNT TO REPAY THE MUSEUM'S EXTERNAL DEBTS. AS OF JUNE 30, 2024 AND 2023, A BALANCE OF $544,403 AND $ 699,945, RESPECTIVELY REMAINS TO BE REIMBURSED TO THE ART ACQUISITION ACCOUNT AS FUNDS BECOME AVAILABLE. COMMENCING IN 2007, IT WAS DETERMINED BY THE BOARD THAT ANY NEW DEACCESSIONED FUNDS RAISED BY THE MUSEUM WOULD BE MAINTAINED IN A SEGREGATED FUND AND WOULD BE STRICTLY FOR THE ACQUISITION OF WORKS OF ART. BEGINNING WITH THE YEAR ENDED SEPTEMBER 30, 2019, THE MUSEUM HAS EXPANDED THE USE OF THESE FUNDS TO INCLUDE THE DIRECT CARE OF EXISTING WORKS OF ART WITHIN THE COLLECTIONS, AS DISCUSSED IN NOTE 1. AS OF JUNE 30, 2024, ALL PROCEEDS FROM THE SALE OF NEW DEACCESSIONED ART WERE EITHER EXPENDED FOR THE PURCHASE OF ART, USED TO MAINTAIN EXISTING ART, OR REMAIN IN THE SEGREGATED FUND. X X X X X X X 1 JANET LOMAX 101 N MUSEUM DR PALM SPRINGS CA 92262 SOLICIT MAJOR GIFTS 0 100000 18908 81092 100000 18908 81092 ART PARTY/GALA 660716 660716 92421 259580 EXHIBITION 176150 176150 36449 38839 1 174220 174220 14696 34953 1011086 1011086 143566 333372 476938 -476938 SCHEDULE G, PART I, LINE 2B, COLUMN (V) JANET LOMAX IS A GRANT WRITER X X X X X 0 0 0 0 0 0 0 0 0 ADAM LERNER CEO 298295 0 0 0 0 0 27793 0 10977 12356 337065 12356 0 0 JOHN PEIRCE DEPUTY DIRECTOR/CFO 151131 0 0 0 0 0 30000 0 25786 27152 206917 27152 0 0 MARK L BAUMGARTNER CHIEF ADVANCEMENT OFFICER 156210 0 0 0 0 0 18256 0 12468 13846 186934 13846 0 0 LUISA HEREDIA CHIEF EDUCATION AND COMMUNITY ENGAGE 127214 0 0 0 0 0 22500 0 7334 8477 157048 8477 0 0 X 93 0 FAIR MARKET VALUE X 1217 310760 FAIR MARKET VALUE 5 0 0 0 PART I, COLUMN (B): THE NUMBER REPRESENTS THE NUMBER OF ITEMS CONTRIBUTED. PART I, LINE 33: THE CONTRIBUTION OF ARTWORK IS NOT RECORDED PER ASC 958-360-25, NOT TO CAPITALIZE WORKS OF ART, HISTORICAL TREASURES, AND SIMILAR ITEMS THAT MEET THE DEFINITION OF A COLLECTION. FORM 990 PART III LINE 4A PROGRAM SERVICES ACCOMPLISHMENTS THE MUSEUM COLLABORATES AND PARTNERS WITH LIBRARIES IN THREE CITIES AND THREE SCHOOL DISTRICTS IN THE REGION, INCLUDING PALM SPRINGS UNIFIED, COACHELLA VALLEY UNIFIED, DESERT SANDS UNIFIED, AS WELL AS PRIVATE SCHOOLS AND THE AREA'S COMMUNITY COLLEGE, COLLEGE OF THE DESERT. WE SERVE STUDENTS, YOUNG PEOPLE, AND FAMILIES OF ALL AGES IN A RANGE OF CREATIVE PROGRAMS AND OPPORTUNITIES. WE ALSO HAVE PRINTED SELF-GUIDED GALLERY GUIDES THAT FOCUS ON SPECIAL EXHIBITIONS, PERMANENT COLLECTION WORKS FROM OUR GALLERIES, AND THAT HIGHLIGHT SINGLE ARTWORKS EVERY MONTH; THESE ARE DISTRIBUTED DURING OUR FAMILY+ AND FREE THURSDAY NIGHTS PROGRAMS AS WELL AS DURING REGULAR VISITING HOURS. ADDITIONALLY, THE MUSEUM ANNUALLY CELEBRATES DA DE LOS MUERTOS; THIS PAST YEAR, SIX STUDENT GROUPS CREATED ALTARS THAT WERE THEN DISPLAYED IN THE LOBBY AMONG A HOST OF OTHER RELATED ACTIVITIES. PSAM HAS ALWAYS HAD VERY ROBUST VOLUNTEER PARTICIPATION AND SUPPORT. THE MUSEUM SERVICE CORPS (MSC) WAS OFFICIALLY FORMED IN 1986 TO ENHANCE THE VISITOR EXPERIENCE AND SUPPORT MUSEUM STAFF. EAGER, ENTHUSIASTIC AND ENGAGING, MSC VOLUNTEERS ENCOMPASS A BROAD RANGE OF SKILLS AND PLAY AN INTEGRAL ROLE IN THE MUSEUM'S OPERATIONS, PROGRAMS AND EVENTS. MSC LEADERSHIP REPORTED THAT FOR FY 2024 283 VOLUNTEERS DONATED OVER 15,676 VOLUNTEER HOURS. DURING FY2023, THE NINE-MONTH PERIOD, WE HAVE A SIMILAR NUMBER OF AMBASSADORS DONATING A SIMILAR RATE OF HOURS. LOCATED WITHIN THE MUSEUM, THE STATE-OF-THE-ART ANNENBERG THEATER CAN SEAT 433 PATRONS. WE BRING AUDIENCES A RENOWNED COMBINATION OF VISUAL ARTS-RELATED PROGRAMMING AND PERFORMING ARTS EVENTS; THE THEATER ALSO BRINGS IN SIGNIFICANT INCOME FROM RENTALS. PROGRAMMING ALSO INCLUDES COLLABORATIONS WITH THE PALM SPRINGS INTERNATIONAL FILM FESTIVAL AND THE PRESENTATION OF LECTURES, COMMUNITY EVENTS, AND SYMPOSIUMS. MUSEUM PRODUCTIONS FALL INTO THREE CATEGORIES: ENTERTAINMENT PERFORMANCES & SHOWS, EDUCATIONAL LECTURES & SYMPOSIUMS, AND FILMS. OUR OUTREACH WOULD NOT BE POSSIBLE WITHOUT OUR DIGITAL AND SOCIAL MEDIA PLATFORMS. THE WEBSITE HAS SINCE BEEN VISITED BY 356,663 USERS WHO MADE CONTACT WITH INDIVIDUAL PAGES MULTIPLE TIMES FOR A TOTAL OF 1,012,523 ACCESS HITS. ADDITIONALLY, OUR DIGITAL E NEWS (SENT OUT TWICE A MONTH) HAS 24,500 SUBSCRIBERS AND AN OPEN RATE OF 42%. WE ALSO LAUNCHED A MEMBER-EXCLUSIVE NEWSLETTER MUSEUM INSIDER (SENT OUT TWICE A MONTH) WITH 8,000 SUBSCRIBERS AND AN OPEN RATE OF 50%. ON INSTAGRAM, THE MUSEUM HAS 45.9K FOLLOWERS; ON FACEBOOK WE HAVE 37.6K FOLLOWERS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 AND RELATED STATE FORMS ARE PROVIDED TO THE ORGANIZATION'S AUDIT COMMITTEE FOR THEIR REVIEW AND RECOMMENDED APPROVAL TO THE BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C STEP 1 - DISCLOSURE: PRIOR TO BOARD, COMMITTEE OR MANAGEMENT ACTION ON A CONTRACT OR TRANSACTION INVOLVING A CONFLICT OF INTEREST, A DIRECTOR OR COMMITTEE MEMBER HAVING A CONFLICT OF INTEREST SHALL DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. STEP 2 - RECUSAL: A PERSON WHO HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN OR BE PERMITTED TO HEAR THE BOARD'S OR COMMITTEE'S DISCUSSION OF THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND RESPOND TO QUESTIONS. SUCH PERSON SHALL NOT ATTEMPT TO EXERT HIS OR HER PERSONAL INFLUENCE WITH RESPECT TO THE MATTER, EITHER AT OR OUTSIDE THE MEETING. A PERSON WHO HAS A CONFLICT OF INTEREST MAY NOT VOTE ON THE CONTRACT OR TRANSACTION AND SHALL NOT BE PRESENT IN THE MEETING ROOM WHEN THE VOTE IS TAKEN. STEP 3 - ENSURING COMPARABLE MARKET VALUE OF CONTRACT OR TRANSACTION: CARE MUST BE TAKEN BY THE BOARD, COMMITTEE, AND/OR MANAGEMENT TO ENSURE THAT THE CONTRACT OR TRANSACTION INVOLVING A CONFLICT OF INTEREST IS COMPARABLE TO AN "ARM'S LENGTH" TRANSACTION. THE COST OR VALUE OF THE CONTRACT OR TRANSACTION INVOLVING A CONFLICT OF INTEREST MUST BE COMPARABLE TO THE MARKET VALUE OF A SIMILAR CONTRACT OR TRANSACTION NOT INVOLVING A CONFLICT OF INTEREST. THIS CAN BE ACHIEVED BY GETTING COMPETING BIDS, IN THE CASE OF LARGE CONTRACTS, ACCORDING TO STANDARD OPERATING PROCEDURES, OR BY COMPARING THE COSTS TO SIMILAR HISTORICAL CONTRACTS OR TRANSACTIONS OR SIMILAR CURRENT MARKET CONTRACTS OR TRANSACTIONS. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE COMPENSATION PROCESS: THE PERSONNEL/COMPENSATION SUBCOMMITTEE MEETS EACH YEAR TO REVIEW THE PERFORMANCE AND COMPENSATION OF THE EXECUTIVE DIRECTOR. THE SUBCOMMITTEE REVIEWS PERFORMANCE, COMPARATIVE DATA FROM SIMILAR ORGANIZATIONS, AND MAKES RECOMMENDATIONS FOR COMPENSATION. THESE RECOMMENDATIONS ARE PRESENTED TO THE EXECUTIVE COMMITTEE FOR RATIFICATION. OTHER OFFICER OR KEY EMPLOYEE PROCESS: COMPENSATION CONSIDERATION IS MEASURED BY THE EXECUTIVE DIRECTOR AND THE PERSONNEL COMMITTEE OF THE BOARD OF DIRECTORS. THE BOARD'S PRIMARY SOURCE OF INFORMATION ON COMPENSATION IS THE ANNUAL SALARY SURVEY PUBLISHED BY THE ASSOCIATION OF ART MUSEUM DIRECTORS (AAMD). AS A CONDITION FOR THEIR MEMBERSHIP IN AAMD, MUSEUMS ARE REQUIRED TO PARTICIPATE IN AN ANNUAL SALARY SURVEY AND ARE GIVEN ACCESS TO THIS INFORMATION. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE LOCATED IN THE FRONT OFFICE WHERE ANYBODY CAN REQUEST A COPY OF THE FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AND THEY WILL BE PROVIDED TO THEM. FORM 990, PART IX, LINE 11G PROFESSIONAL: PROGRAM SERVICE EXPENSES 869,451. MANAGEMENT AND GENERAL EXPENSES 248,661. FUNDRAISING EXPENSES 52,141. TOTAL EXPENSES 1,170,253. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTEREST IN CHARITABLE TRUSTS -64,708.