2022-05-13T18:05:34-05:00 2021-06-30 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2020-07-01 470920831 THE CONTEMPORARY JEWISH MUSEUM CONT 4156557800 736 MISSION STREET SAN FRANCISCO CA 94103 KERRY KING CHIEF OPERATING OFFICER 4156557800 2022-05-13 1 KERRY KING 999009999 DANIEL V ROMANO P00504182 2125990100 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z CHAD COERVER 736 MISSION STREET SAN FRANCISCO CA 94103 21324720 0 X WWW.THECJM.ORG X 2003 CA MAKES THE DIVERSITY OF JEWISH EXPERIENCE RELEVANT THROUGH ART & PROGRAMS THAT CHALLENGE & INSPIRE. 25 25 90 0 8348 0 4727940 4046070 128343 31681 1556155 3770722 -196884 -233572 6215554 7614901 0 0 0 0 3789733 2485374 116687 77865 1342041 5695534 4584904 9601954 7148143 -3386400 466758 89973935 84846613 40459916 30946709 49514019 53899904 X THE COMTEMPORARY JEWISH MUSEUM (THE CJM) MAKES THE DIVERSITY OF THE JEWISH EXPERIENCE RELEVANT FOR A TWENTY-FIRST CENTURY AUDIENCE THROUGH INNOVATIVE EXHIBITIONS AND PROGRAMS THAT EDUCATE, CHALLENGE, AND INSPIRE. 0 0 4627066 36886 SEE SCHEDULE O.ACTIVITY 1:CJM AUDIENCESIN FISCAL YEAR 2021, THE CJM ACCOMPLISHED ITS MISSION TO MAKE THE DIVERSITY OF JEWISH EXPERIENCE RELEVANT TO TWENTY FIRST CENTURY AUDIENCES THROUGH ITS EXHIBITIONS, EDUCATION PROGRAMS, AND THE STRATEGIC DISTRIBUTION OF DIGITAL MEDIA. DUE TO THE COVID-19 PANDEMIC, THE CJM WAS REQUIRED TO BE TEMPORARILY CLOSED FOR 8 OF THE 12 MONTHS OF THE FISCAL YEAR. PROGRAMMING, EDUCATIONAL TOURS AND OTHER ACTIVITIES CONTINUED ON VIRTUAL PLATFORMS THROUGHOUT THE FISCAL YEAR.KEY FISCAL YEAR 2021 METRICS INCLUDE: 424,426 ONLINE VISITORS 3,278 ON-SITE VISITORS (THE CJM REOPENED TO THE PUBLIC BETWEEN OCTOBER 15 AND NOVEMBER 28, 2020; AND RE-OPENED AGAIN ON APRIL 15, 2021. THE CJM HAS REMAINED OPEN SINCE THAT TIME.) EXHIBITIONSFY 2021 EXHIBITIONS AND ARTIST PROGRAMS COVERED A WIDE RANGE OF ART AND ARTISTS. LEVI STRAUSS: A HISTORY OF AMERICAN STYLE. (FEBRUARY 1, 2020 - AUGUST 8, 2021) USING THE INVENTION OF THE BLUE JEAN AS A LENS THROUGH WHICH TO VIEW NINETEENTH AND TWENTIETH CENTURY AMERICA, THIS EXHIBITION FOLLOWED JEWISH IMMIGRANT LEVI STRAUSS'S JOURNEY FROM BAVARIA TO CALIFORNIA AND THE POPULARIZATION OF BLUE JEANS TO THE PRESENT. THE EXHIBITION FEATURED THE LARGEST PUBLIC DISPLAY OF MATERIALS FROM THE LEVI STRAUSS & CO. ARCHIVES EVER PRESENTED, TOGETHER WITH CLOTHING AND DOCUMENTS FROM OTHER PUBLIC AND PRIVATE COLLECTIONS.PREDICTING THE PAST: ZOHAR STUDIOS, THE LOST YEARS. (MARCH 12, 2020 JUNE 27, 2021) PHOTOGRAPHER STEPHEN BERKMAN, FASCINATED BY VICTORIAN CULTURE AND TECHNOLOGY, WORKED WITH EARLY PHOTOGRAPHY TOOLS AND TECHNIQUES TO CREATE INTRIGUING INSTALLATIONS THAT CHALLENGED OUR IDEAS OF THE PAST, PRESENT, AND FUTURE. MERGING ART AND SCIENCE THIS EXHIBITION'S PHOTOGRAPHS EXPLORED JEWISH LIFE AND THE STATE OF SCIENTIFIC UNDERSTANDING OVER 100 YEARS AGO.THREADS OF JEWISH LIFE: RITUAL AND OTHER TEXTILES FROM THE SAN FRANCISCO BAY AREA. (FEBRUARY 13, 2020 JUNE 27, 2021). THIS EXHIBITION DREW EXTENSIVELY FROM THE HOLDINGS OF THE MAGNES COLLECTION OF JEWISH ART AND LIFE (UNIVERSITY OF CALIFORNIA, BERKELEY) TO SHOWCASE LATE NINETEENTH AND EARLY TWENTIETH CENTURY JUDAICA FROM THE SAN FRANCISCO JEWISH COMMUNITY. WHAT WE HOLD: A YOUTH AUDIO PROJECT. (APRIL 19, 2020 APRIL 1, 2021). WHAT SHAPES US? WHICH FAMILY HISTORIES BECOME OUR CORE STORIES? HOW DO WE MAKE THEM OUR OWN? IN THIS ONLINE AUDIO EXHIBITION, TEENS RANGING IN AGE FROM 15 TO 18 YEARS OLD CREATED INDIVIDUAL AUDIO RECORDINGS REFLECTING ON AND CONNECTING WITH THEIR FAMILIES' STORIES OF MIGRATION, RESILIENCE, ACCEPTANCE, IDENTITY AND PASSION. THE AUDIO EXHIBITION WAS VISITED BY 4,500+ ONLINE VISITORS DURING FY 2021. PROGRAM AND EDUCATION HIGHLIGHTSTHE CJM IS AMONG THE BAY AREA'S MOST IMPORTANT ARTS AND JEWISH EDUCATION RESOURCES FOR K-12 STUDENTS AND TEACHERS. ALL TOURS AND ACCOMPANYING ARTMAKING WORKSHOPS ARE FREE. DURING FY 2021, K-12 SCHOOL PROGRAMS WERE ONLINE ONLY. INTERACTIVE TOURS OF EXHIBITIONS AND THE CJM'S BUILDING LED BY PROFESSIONAL EDUCATORS WERE THE CENTERPIECE OF THE PROGRAM. ONLINE CURRICULUM RESOURCES ENHANCED TEACHERS' ABILITY TO INCORPORATE TOUR CONTENT IN THE CLASSROOM. ONLINE ART MAKING WORKSHOPS DEEPENED STUDENTS LEARNING AND FOSTER CREATIVITY.ACCESS PROGRAMSTHE CJM OFFERS A WIDE ARRAY OF ACCESS PROGRAMS OFFERED FREE OF CHARGE TO FULFILL A COMMUNITY NEED FOR HIGH-QUALITY, INDIVIDUALIZED OPPORTUNITIES FOR SENIORS AND PEOPLE WITH DISABILITIES. IN FISCAL YEAR 2021, THE CJM CONTINUED THIS LONGSTANDING DEDICATION TO ACCESSIBILITY, EXPANDING AN ALREADY EXTENSIVE RANGE OF PROGRAMMING FOR VISITORS WITH INTELLECTUAL, PHYSICAL, OR SOCIAL BARRIERS TO PARTICIPATION. THESE ACTIVITIES MOVED ONLINE FOR THE FULL FISCAL YEAR. TEEN PROGRAMSTHE CENTERPIECE OF THE CJM'S TEEN PROGRAMS IS THE TEEN ART CONNECT (TAC) INTERNSHIP, A YEARLONG, PAID INTERNSHIP AT THE CJM THAT PROVIDES HANDS-ON WORK EXPERIENCE, APPRENTICESHIPS, PROFESSIONAL DEVELOPMENT WORKSHOPS, AND SKILL-BUILDING ARTS ACTIVITIES. NINE TAC INTERNS PLANNED AND PRODUCED A SERIES OF EVENTS FOR THEIR PEERS ABOUT JEWISH CULTURE AND ART. THE TAC INTERNSHIPS AND OTHER CJM TEEN PROGRAMS MOVED TO ONLINE ONLY WITH THE TEMPORARY CLOSURE OF THE MUSEUM. FAMILY PROGRAMS FAMILY ARTBASH SUNDAYS ARE THE CJM'S PROGRAM FOR CHILDREN AGES 1 THROUGH 12 AND THEIR FAMILIES. PRESENTED ONLINE DUE TO PANDEMIC SAFETY PROTOCOLS, WORKSHOPS AND ARTMAKING ACTIVITIES RELATED TO EXHIBITIONS AND JEWISH HOLIDAYS WERE FREE OF CHARGE. THE ZIM ZOOM FAMILY ROOM, A DEDICATED SPACE FOR INTERGENERATIONAL ART ACTIVITIES FOR PRESCHOOLERS AND FAMILIES, RE-OPENED IN A MODIFIED FORMAT DURING ALL PUBLIC HOURS STARTING APRIL 15, 2021. 4627066 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 60 0 1 90 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 25 25 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X KERRI KING 4156557800 736 MISSION STREET SAN FRANCISCO CA 94103 JOYCE LINKER TRUSTEE/CHAIR (BEG 7/2020) 5.00 0.00 X X 0 0 0 JUDITH APTEKAR VICE CHAIR 1.00 0.00 X X 0 0 0 ADRIENNE BAVAR VICE CHAIR 1.00 0.00 X X 0 0 0 TOM KASTEN VICE CHAIR 1.00 0.00 X X 0 0 0 DAVID SAXE VICE CHAIR 1.00 0.00 X X 0 0 0 MARCI ROSENFELD TREASURER 5.00 0.00 X X 0 0 0 DOROTHY SAXE SECRETARY 5.00 0.00 X X 0 0 0 MATTHEW BARTON TRUSTEE 1.00 0.00 X 0 0 0 DANA CORVIN TRUSTEE 1.00 0.00 X 0 0 0 DEBORAH A KAY TRUSTEE (THRU 10/2020) 1.00 0.00 X 0 0 0 STUART KOGOD TRUSTEE 1.00 0.00 X 0 0 0 ALVIN LEVITT TRUSTEE 1.00 0.00 X 0 0 0 JENNIFER SMORGON TRUSTEE (THRU 6/2020) 1.00 0.00 X 0 0 0 DOUG MANDELL TRUSTEE 1.00 0.00 X 0 0 0 ALEXANDRA MOSES TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL RIGHI TRUSTEE 1.00 0.00 X 0 0 0 ETA SOMEKH TRUSTEE 1.00 0.00 X 0 0 0 RUTH STEIN TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL STEINBERG TRUSTEE 1.00 0.00 X 0 0 0 MARILYN WALDMAN TRUSTEE 1.00 0.00 X 0 0 0 RONALD WORNICK TRUSTEE (THRU 2/2021) 1.00 0.00 X 0 0 0 RON KAUFMAN TRUSTEE 1.00 0.00 X 0 0 0 SEAN TAUBE TRUSTEE 1.00 0.00 X 0 0 0 RIVA BERELSON TRUSTEE 1.00 0.00 X 0 0 0 ROSELYNE C SWIG TRUSTEE 1.00 0.00 X 0 0 0 BOB TANDLER TRUSTEE 1.00 0.00 X 0 0 0 JOSHUA REYNOLDS TRUSTEE 1.00 0.00 X 0 0 0 HEATHER GREEN TRUSTEE 1.00 0.00 X 0 0 0 LORI STARR EXECUTIVE DIRECTOR (THRU 10/2020) 40.00 0.00 X 353278 0 22772 KERRY KING CHIEF OPERATING OFFICER (BEG 10/2020) 40.00 0.00 X 177441 0 20824 JAY AUSLANDER DIRECTOR OF DEVELOPMENT 40.00 0.00 X 160548 0 7671 SCOTT ROSS DIRECTOR OF FINANCE (THRU 9/2020) 40.00 0.00 X 114319 0 8099 ANNA KATZ BEG 72020 FINANCE MANAGER/CONTROLLER 40.00 0.00 X 104934 0 8781 SARAH BAILEY HOGARTY DIR. OF MKTING & COM. (THRU 2/2021) 40.00 0.00 X 103435 0 1094 1013955 0 69241 6 0 1 0 PROFESSIONAL TECHNICAL SECURITY SERVICES 111 SUTTER ST STE 550 SAN FRAN CA 94104 SECURITY 409330 NETCAL CONSULTING INC 2005 DE LA CRUZ BLVD SUITE 204 SANTA CLARA CA 95050 IT CONSULTING 125927 GRANT THORNTON LLP 101 CALIFORNIA STREET SAN FRANCISCO CA 94111 AUDIT AND TAX SERVICES 113298 AAA JANITORIAL SERVICE INC 644 - 31ST STREET RICHMOND CA 94804 JANITORIAL 112125 RUSSELL REYNOLDS ASSOCIATES 277 PARK AVENUE SUITE 3800 NEW YORK NY 10172 HR CONSULTING 104800 5 259277 1582346 2204447 272464 4046070 ADMISSIONS 712110 26706 26706 TOUR FEES 900099 4975 4975 31681 829611 -106 829717 45209 292440 -247231 -247231 -247231 16349464 13408353 2941111 2941111 2941111 22506 9026 13480 5026 8454 MISCELLANEOUS REVENUE 900099 179 179 179 7614901 36886 8348 3523597 X 440817 292468 80979 67370 1706712 1132347 313528 260837 3395 2288 438 669 182695 123136 23568 35991 151755 102283 19576 29896 31695 31695 97750 97750 77865 77865 42191 42191 803641 541654 103670 158317 15144 10207 1954 2983 66913 45099 8632 13182 218597 147334 28199 43064 383960 258789 49531 75640 3370 2271 435 664 3682 2482 475 725 920714 620561 118772 181381 1606030 1082464 207178 316388 156130 105231 20141 30758 REPAIRS AND MAINTENANCE 86721 58450 11187 17084 EXHIBIT SUPPLY 47796 32214 6166 9416 LOAN FEE 3265 2201 421 643 97305 65587 12550 19168 7148143 4627066 1179036 1342041 3001 1000 17840056 22147345 1198205 1638823 70320 62287 362965 368039 53494019 19929160 34873697 33564859 35103059 26564789 134363 72964 388269 426507 89973935 84846613 630448 451576 200588 855033 35300314 0 0 29308715 4328566 331385 40459916 30946709 X 26764599 28623167 22749420 25276737 49514019 53899904 89973935 84846613 X 466758 3734921 184206 X 0 1 X 1 0 X 6464257 5549257 7016415 4727940 4046070 27803939 6464257 5549257 7016415 4727940 4046070 27803939 3437624 24366315 993695 1371445 1628271 1340426 874820 6208657 0 119677 26292 17101 8348 171418 144024 108275 47600 53750 353649 34537663 2333864 0.70550 0.68310 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS INCOME FROM FUNDRAISING - 2016 AMOUNT: $ 144,024. 2017 AMOUNT: $ 108,275. 2018 AMOUNT: $ 47,600. 2019 AMOUNT: $ 53,750. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 39171598 7463452 1789726 4253636 40591688 30217912 10281769 397741 1725824 39171598 30071783 516957 1916460 2287288 30217912 29908136 19246 1896480 1752079 30071783 29238591 181851 3896827 3409133 29908136 0.44740 0.48020 0.07240 0 0 1231957 1231957 47222006 15331213 31890793 4193799 4068635 125164 846257 529312 316945 33564859 PENSION OBLIGATIONS 331385 331385 X 11793303 3734921 184206 3919127 7874176 42190 -301465 -259275 7614901 7407418 301465 301465 7105953 42190 42190 7148143 PART III, LINE 1A: FINANCIAL STATEMENT FOOTNOTE - COLLECTIONS THE MUSEUM IS PRESENTLY, AND FOR THE FORESEEABLE FUTURE, A NON-COLLECTING INSTITUTION. THE MUSEUM'S PERMANENT COLLECTIONS CONSIST OF ART DONATED IN ITS EARLIER HISTORY AS THE JEWISH COMMUNITY MUSEUM. THESE WORKS OF ART WERE ACQUIRED THROUGH CONTRIBUTIONS AND ARE NOT RECOGNIZED AS ASSETS IN THE ACCOMPANYING STATEMENTS OF FINANCIAL POSITION. EACH WORK OF ART IS INVENTORIED AND CARED FOR, AND ACTIVITIES VERIFYING THE COLLECTIONS' INTEGRITY ARE PERFORMED. PURCHASES OF ART (ACCESSIONS) ARE RECORDED AS DECREASES IN THE APROPRIATE NET ASSET CLASS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REQUIRED TO BE USED TO ACQUIRE OTHER WORKS OF ART. SUCH PROCEEDS ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASS. THERE WERE NO ACCESSIONS OR DEACCESSIONS OF WORKS OF ART DURING THE FISCAL YEARS THAT ENDED JUNE 30, 2021 AND 2020. PART III, LINE 4: DESCRIPTION OF THE ORGANIZATION'S COLLECTIONS THE MUSEUM IS A NON-COLLECTING INSTITUTION. THE EXISTING COLLECTION CONSISTS OF DIFFERENT FORMS OF JUDAICA. THESE PIECES ARE OCCASIONALLY DISPLAYED IN EXHIBITIONS WHICH OFFER EDUCATION IN JEWISH ART AND CULTURE. PART V, LINE 1E: IN 2021, THE CJM TRANSFERRED RESOURCES OUT OF THE ENDOWMENT FUND THEREBY UN-DESIGNATING $4,253,636 IN ENDOWMENT FUNDS WHICH IS REPORTED IN ADMINISTRATIVE EXPENSES ON SCHEDULE D, PART V, LINE 1E. PART V, LINE 4: INTENDED USES OF ENDOWMENT FUNDS THE ORGANIZATION MAINTAINS ENDOWMENTS AS A MEANS TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO SUPPORT ITS PROGRAMS. PART X, LINE 2: THE MUSEUM FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE MUSEUM IS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE (THE "CODE") SECTION 501(C)(3), ALTHOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE MUSEUM HAS ALSO BEEN RECOGNIZED BY THE FRANCHISE TAX BOARD AS AN ORGANIZATION THAT IS EXEMPT FROM INCOME TAX PURSUANT TO CALIFORNIA REVENUE AND TAX CODE SECTION 23701D ON ITS INCOME OTHER THAN UNRELATED BUSINESS INCOME. THE MUSEUM HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS, TO IDENTIFY AND REPORT UNRELATED INCOME, TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT WAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE MUSEUM HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN (LOSS) ON SWAP 184,206. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -292,440. COST OF GOODS SOLD -9,025. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 292,440. COST OF GOODS SOLD 9,025. X X X X X 1 THE LUKENS COMPANY 2800 SHIRLINGTON ROAD 9TH FL ARLINGTON VA 22206 CONSULTANT 0 360247 77865 282382 360247 77865 282382 CA SCHEDULE G, PART I, LINE 2B, COLUMN (V) AMOUNTS PAID TO PROFESSIONAL FUNDRAISERS THE LUKENS COMPANY PERFORMS ADDITIONAL SERVICES BEYOND FUNDRAISING RELATED TO CONTRIBUTIONS. ALL FEES AND DIRECT REVENUES ASSOCIATED WITH THESE SERVICES ARE REPRESENTED. INDIRECT REVENUES RESULTING FROM SERVICES ARE NOT REPRESENTED. X X X X 0 0 0 0 0 0 0 0 0 LORI STARR EXECUTIVE DIRECTOR (THRU 10/2020) 306066 0 0 0 47212 0 10009 0 12763 0 376050 0 0 0 KERRY KING CHIEF OPERATING OFFICER (BEG 10/2020 177441 0 0 0 0 0 1871 0 18953 0 198265 0 0 0 JAY AUSLANDER DIRECTOR OF DEVELOPMENT 160548 0 0 0 0 0 0 0 7671 0 168219 0 0 0 X 15 272464 FMV 0 1 0 SCHEDULE M, PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED IN SCHEDULE M, PART I, COLUMN (B). FORM 990, PART VI, SECTION A, LINE 2 DOROTHY SAXE AND DAVID SAXE HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE BOARD OF TRUSTEES DELEGATED REVIEW AND APPROVAL OF THE FORM 990 TO THE AUDIT COMMITTEE. GRANT THORNTON LLP AND THE ORGANIZATION'S FINANCE STAFF WORK TOGETHER TO GATHER THE REQUIRED INFORMATION NECESSARY TO COMPLETE THE FORM. THE INITIAL DRAFT FORM 990 IS REVIEWED BY GRANT THORNTON LLP AND THE ORGANIZATION'S MANAGEMENT. AFTER THE FORM IS DISCUSSED AND REVIEWED, RECOMMENDED CHANGES ARE REFLECTED ON THE FORM AND AN UPDATED FORM 990 IS PREPARED. THE AUDIT COMMITTEE REVIEWS THE UPDATED FORM 990 AND, ONCE SATISFIED WITH THE RETURN, THE AUDIT COMMITTEE APPROVES THE RETURN FOR FILING WITH THE IRS. THE AUDIT COMMITTEE FURTHER REVIEWS THE FORM 990 WITH THE FINANCE COMMITTEE AND THEN PROVIDES A COMPLETE COPY OF THE FORM TO THE BOARD OF TRUSTEES PRIOR TO IT BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C MONITORING AND ENFORCEMENT OF CONFLICT OF INTEREST POLICY THE MUSEUM HAS A CONFLICT OF INTEREST POLICY THAT COVERS TRUSTEES AND THE PRINCIPAL OFFICERS OF THE MUSEUM AND EACH MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS. THE POLICY PROVIDES FOR A SYSTEMATIC AND ONGOING PROCESS REQUIRING INDIVIDUALS WHO HAVE DECISION-MAKING RESPONSIBILITIES TO DISCLOSE AND ADDRESS POTENTIAL AND ACTUAL CONFLICTS OF INTEREST. COVERED INDIVIDUALS ARE REQUIRED TO COMPLETE AN ANNUAL STATEMENT DISCLOSING ANY CONFLICTS OF INTEREST AND HAVE A DUTY TO UPDATE THE DISCLOSURE FOR ANY POTENTIAL CONFLICTS OF INTEREST THAT ARISE DURING THE YEAR. EACH TRUSTEE AND PRINCIPAL OFFICER OF THE MUSEUM AND EACH MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS ANNUALLY COMPLETES AND SIGNS THE CONFLICT OF INTEREST STATEMENT AND DISCLOSURE FORM. TO ENSURE THE MUSEUM OPERATES IN A MANNER CONSISTENT WITH ITS CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS ARE CONDUCTED. THE PERIODIC REVIEWS, AT A MINIMUM, INCLUDE THE FOLLOWING: (A) REVIEW OF COMPENSATION ARRANGEMENTS AND BENEFITS, OR ACQUISITION OR DE-ACQUISITION OF MUSEUM PROPERTY WITH DISQUALIFIED PERSONS AND INTERESTED DIRECTORS, IF ANY, TO ENSURE THAT THE TRANSACTIONS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULT OF ARM'S LENGTH BARGAINING. (B) REVIEW OF PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS, IF ANY, TO ENSURE THAT THE ARRANGEMENTS CONFORM TO THE MUSEUM'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT, IN AN EXCESS BENEFIT TRANSACTION, OR IN A SELF-DEALING TRANSACTION. WHEN CONDUCTING THE PERIODIC REVIEWS AS ABOVE PROVIDED, THE MUSEUM MAY, AS NECESSARY, USE OUTSIDE EXPERTS. IF OUTSIDE EXPERTS ARE USED, THEIR USE DOES NOT RELIEVE THE BOARD OF ITS RESPONSIBILITY FOR ENSURING THAT PERIODIC REVIEWS ARE CONDUCTED. FORM 990, PART VI, SECTION B, LINE 15 PROCESS OF DETERMINING COMPENSATION OF THE EXECUTIVE DIRECTOR AND KEY EMPLOYEES CHANGES IN COMPENSATION FOR THE EXECUTIVE DIRECTOR AND CHIEF OPERATING OFFICER, THE BOARD DELEGATED REVIEW AND APPROVAL TO THE EXECUTIVE COMMITTEE. THIS COMMITTEE COMPARED THE PROPOSED SALARY AND BENEFITS TO SALARIES AND BENEFITS PAID BY SIMILARLY- SITUATED ORGANIZATIONS FOR FUNCTIONALLY- COMPARABLE POSITIONS IN THE SAN FRANCISCO BAY AREA. FOR OTHER KEY EMPLOYEES, THE EXECUTIVE DIRECTOR AND CHIEF OPERATING OFFICER CONDUCT REVIEWS OF COMPARABLE POSITIONS AND APPROVE SALARIES AND BENEFITS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS MADE AVAILABLE TO THE PUBLIC THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G SECURITY: PROGRAM SERVICE EXPENSES 272,276. MANAGEMENT AND GENERAL EXPENSES 52,112. FUNDRAISING EXPENSES 79,582. TOTAL EXPENSES 403,970. JANITORIAL: PROGRAM SERVICE EXPENSES 73,305. MANAGEMENT AND GENERAL EXPENSES 14,030. FUNDRAISING EXPENSES 21,426. TOTAL EXPENSES 108,761. CONTRACTORS AND CONSULTANTS: PROGRAM SERVICE EXPENSES 196,073. MANAGEMENT AND GENERAL EXPENSES 37,528. FUNDRAISING EXPENSES 57,309. TOTAL EXPENSES 290,910. FORM 990, PART XI, LINE 9: OTHER CHANGES IN NET ASSETS UNREALIZED GAIN (LOSS) ON SWAP 184,206. PART X, LINE 20 & 24 ON AUGUST 31, 2020 THE MUSEUM RESTRUCTURED ITS DEBT AND PAID OFF THE OUTSTANDING TAX-EXEMPT BOND DEBT, ENTERING INTO A TAXABLE AMORTIZING TERM LOAN INSTEAD. COVID-19 DISCLOSURE AFTER TWO CLOSURES CAUSED BY THE COVID-19 GLOBAL PANDEMIC, THE MUSEUM HAS BEEN OPEN TO VISITORS FOUR DAYS PER WEEK SINCE APRIL 15,2021. MANAGEMENT CONTINUES TO CAREFULLY MONITOR THE ONGOING DISRUPTIONS FROM COVID-19 AND TO STAY INFORMED OF ALL LOCAL HEALTH MANDATES. DURING THE PERIODS OF TEMPORARY CLOSURE IN FY 2020 AND FY 2021, THE MUSEUM DID NOT RECEIVE REVENUE FROM ADMISSIONS OR ON-SITE EVENTS. THE MUSEUM CONTINUES TO OPERATE ON A REDUCED EXPENSE BUDGET BUT WITH AN INCREASED NUMBER OF DIGITAL OFFERINGS AND OUTREACH TO ENGAGE COMMUNITY MEMBERS AND DONORS AND CONTINUES TO RECEIVE ANNUAL FUNDING FROM INDIVIDUAL AND INSTITUTIONAL DONORS. IN SEPTEMBER 2021, THE MUSEUM HAD ITS FIRST EXHIBITION OPENING SINCE THE BEGINNING OF THE COVID-19 PANDEMIC, WITH AN ENTHUSIASTIC TURNOUT IN AN OUTDOOR SETTINGS. NO ADJUSTMENTS HAVE BEEN MADE TO THESE FINANCIAL STATEMENTS AS A RESULT OF BUSINESS UNCERTAINTIES THAT REMAIN DUE TO COVID-19.