2022-10-12T18:10:41-05:00 2021-12-31 910189318 MOSS ADAMS LLP 6565 AMERICAS PARKWAY NE STE 600 ALBUQUERQUE NM 87110 990 2021-01-01 850437114 GEORGIA O'KEEFFE MUSEUM GEOR 5059461000 217 JOHNSON STREET SANTA FE NM 87501 CODY HARTLEY MUSEUM DIRECTOR 5059461000 2022-10-09 1 CODY HARTLEY 999009999 PAMELA ALEXANDERSON P01218925 5058787200 2022-10-09 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z CODY HARTLEY 217 JOHNSON STREET SANTA FE NM 87501 41183411 0 X WWW.OKEEFFEMUSEUM.ORG X 1995 NM WE CULTIVATE MEANINGFUL, AUTHENTIC EXPERIENCES INSPIRED BY THE LIFE, WORK AND WORLD OF GEORGIA O'KEEFFE. 22 22 117 29 538749 217789 4081608 2901288 348084 1649834 3977970 10678964 387414 1091753 8795076 16321839 8000 0 0 0 5446219 5152987 92000 9859 274916 2525285 2680518 8071504 7843364 723572 8478475 164315725 143904227 9378578 1033091 154937147 142871136 X TO INSPIRE ALL CURRENT AND FUTURE GENERATIONS, THE MUSEUM PRESERVES, PRESENTS AND ADVANCES THE ARTISTIC LEGACY OF GEORGIA O'KEEFFE AND MODERNISM THROUGH INNOVATIVE PUBLIC ENGAGEMENT, EDUCATION AND RESEARCH. 0 0 6025239 2392040 TO INSPIRE ALL CURRENT AND FUTURE GENERATIONS, THE MUSEUM PRESERVES, PRESENTS AND ADVANCES THE ARTISTIC LEGACY OF GEORGIA O'KEEFFE AND MODERNISM THROUGH INNOVATIVE PUBLIC ENGAGEMENT, EDUCATION AND RESEARCH. THE MUSEUM ACCOMPLISHES THIS BY PRESENTING EXHIBITIONS NATIONALLY AND INTERNATIONALLY; CARING FOR THE PERMANENT COLLECTION; PROVIDING EXCELLENT PUBLIC PROGRAMS, CUTTING-EDGE CONSERVATION TECHNIQUES, ACCESS TO THE LIBRARY AND ARCHIVES, AND RESEARCH BY OUTSIDE SCHOLARS ABOUT MODERNISM; AND SERVING AS STEWARDS FOR TWO OF O'KEEFFE'S HISTORIC HOMES AND STUDIOS.THE MUSEUM HOUSES THE WORLD'S LARGEST COLLECTION OF ARTWORK BY GEORGIA O'KEEFFE AND PROVIDES AN OVERVIEW OF HER ACHIEVEMENTS DURING THE EIGHT DECADES (1901-1984) THAT SHE WAS ACTIVE AS AN ARTIST. THE COLLECTION INCLUDES WORKS IN CHARCOAL, OIL, PASTEL, PENCIL, WATERCOLOR,AND BRONZE, WHICH REPRESENT MOST OF THE MANY SUBJECTS O'KEEFFE ADDRESSED IN HER ART. THE MUSEUM IS COMMITTED TO MAKING ITS EXHIBITIONS AND PROGRAMS AVAILABLE TO THE BROADEST POSSIBLE AUDIENCE. ITS ACTIVE, CHANGING EXHIBITION SCHEDULE INCLUDES EXHIBITIONS DISPLAYING WORKS BY O'KEEFFE, OTHER AMERICAN MODERNISTS, AND SELECT LIVING AMERICAN ARTISTS. THE MUSEUM HAS ORGANIZED TRAVELING EXHIBITIONS WITH OTHER MUSEUMS AS WELL.THE MUSEUM'S MULTI-DISCIPLINARY EDUCATION AND PUBLIC PROGRAMS TEACH DIVERSE CONSTITUENCIES ABOUT GEORGIA O'KEEFFE AND AMERICAN MODERNISM THROUGH ON-SITE PROGRAMS SUCH AS DOCENT TRAINING, PROFESSIONAL DEVELOPMENT FOR EDUCATORS, ADULT EDUCATION, LECTURES, CONCERTS, WEEKEND FAMILY PROGRAMS AND HANDS-ON ACTIVITIES RELATED TO CURRENT EXHIBITIONS. OFFSITE PROGRAMS INCLUDE A FULL-SCHOLARSHIP PROGRAM FOR PRE-ADOLESCENT GIRLS AND BOYS, ARTS PROGRAMMING TO REPLACE UNDERFUNDED OR ELIMINATED DISTRICT-FUNDED PROGRAMS IN LOCAL PUBLIC SCHOOLS, AFTER-SCHOOL PROGRAMMING AT COMMUNITY AND LOCAL SCHOOL SITES, ART-MAKING WORKSHOPS FOR ADULTS, STATEWIDE EDUCATION OUTREACH, AND WORKSHOPS FOR TEACHERS.THE MUSEUM'S RESEARCH CENTER FOCUSES ON INTERDISCIPLINARY RESEARCH ON AMERICAN MODERNISM IN THE FIELDS OF ART HISTORY, ARCHITECTURAL HISTORY AND DESIGN, LITERATURE, MUSIC AND PHOTOGRAPHY.THE MUSEUM'S AUDIENCES INCLUDE NEW MEXICO RESIDENTS AND VISITORS FROM ACROSS THE COUNTRY AND AROUND THE WORLD. 6025239 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 1 58 0 1 117 1 1 1 0 0 0 0 0 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 CA CO FL GA MD NM NY OH WI IL MN OK TN VA WA X X X JUDY SCHARMER 5059461034 217 JOHNSON STREET SANTA FE NM 87501 DAVID WARNOCK TRUSTEE/BOARD CHAIR 2.30 1.00 X X 0 0 0 JANE BAGWELL TRUSTEE/CO-CHAIR 2.30 1.00 X X 0 0 0 JAY RALPH TRUSTEE/TREASURER 2.30 1.00 X X 0 0 0 RAMONA SAKIESTEWA TRUSTEE/SECRETARY(THRU JULY 2021) 2.30 1.00 X X 0 0 0 DONNA KINZER TRUSTEE/SECRETARY 2.30 X X 0 0 0 RONALD BALSER TRUSTEE 2.30 1.00 X 0 0 0 CARLOS ROVELO TRUSTEE 2.30 X 0 0 0 DIANE BUCHANAN TRUSTEE 2.30 X 0 0 0 FELICITAS FUNKE TRUSTEE 2.30 X 0 0 0 ROBERT HOLLEYMAN TRUSTEE 2.30 X 0 0 0 DONALD HUMPHREYS TRUSTEE 2.30 X 0 0 0 KRISTINA FORT TRUSTEE 2.30 X 0 0 0 RAYMOND KRUEGER TRUSTEE 2.30 X 0 0 0 BARTON SHOWALTER TRUSTEE 2.30 1.00 X 0 0 0 CHRISTINE SCHUEPBACH TRUSTEE 2.30 X 0 0 0 SUSAN HIRSCH TRUSTEE 2.30 X 0 0 0 RIC ABEL TRUSTEE 2.30 X 0 0 0 VAL ALONZO TRUSTEE 2.30 X 0 0 0 WINDI GRIMES TRUSTEE 2.30 X 0 0 0 GLENN RAMSDELL TRUSTEE 2.30 X 0 0 0 ANITA SMITH TRUSTEE 2.30 X 0 0 0 JOCK SOTO TRUSTEE 2.30 X 0 0 0 NICOLE NAMINGHA TRUSTEE 2.30 X 0 0 0 CODY HARTLEY MUSEUM DIRECTOR 40.00 5.00 X 328405 0 21732 JUDY SCHARMER CHIEF FINANCIAL OFFICER 40.00 5.00 X 142308 0 1087 JENNIFER FOLEY DEPUTY DIRECTOR FOR COLLECTIONS & ENGAGEMENT 40.00 X 154239 0 20755 COLLEEN KELLY DELAY SR DIR, ADVANCEMENT & COMMUNICATIONS 40.00 X 184576 0 35788 BENJAMIN FINBERG SENIOR DIRECTOR OF OPERATIONS 40.00 X 157331 0 25152 SYLVIA LAROCQUE DIRECTOR OF HR 40.00 X 128652 0 14283 ELIZABETH NEELY CURATOR OF DIGITAL EXPERIENCE 40.00 X 119144 0 15501 DALE KRONKRIGHT HEAD OF CONSERVATION 40.00 X 105035 0 24288 1319690 0 158586 8 0 1 0 THREESPOT MEDIA LLC 1325 G ST NW SUITE 500 WASHINGTON DC 20005 WEBSITE REDESIGNING 166849 GLUCKMAN TANG 250 HUDSON STREET NEW YORK NY 10013 SCHEMATIC DESIGN CONSULTANT - ARCHITECT 151261 ROBERT HALF MANAGEMENT RESOURCES PO BOX 743295 LOS ANGELES CA 900743295 MANAGEMENT CONSULTING COMPANY 137236 BENTLEY GLOBAL ARTS GROUP LLC PO BOX 511603 LOS ANGELES CA 900518158 PUBLISHING COMPANY 129790 ULSAKERSTUDIO INC 246 HUBBARD ST GLASTONBURY CT 06033 PHOTOGRAPHY EQUIPMENT/CONSULTING 127802 5 299135 1167817 1434336 3243 2901288 ADMISSIONS 900099 1408522 1408522 TOURS 900099 125545 125545 RIGHTS AND REPRODUCTIONS 900099 83599 83599 PROGRAM FEES 900099 17935 17935 CURATORIAL REIMBURSEMENTS 900099 11800 11800 2433 2433 1649834 1949302 1949302 9769 9769 32746748 239400 24256486 0 8490262 239400 8729662 239400 8490262 1416674 605086 811588 502806 308782 PASSTHRU FROM PARTNERSHIP INCOME 900099 229967 229967 40429 40429 270396 16321839 2392040 538749 10489762 668526 103447 417862 147217 3615996 3011253 538761 65982 71950 61611 8107 2232 512006 467746 34045 10215 284509 230267 49012 5230 46768 46768 58706 58706 9859 9859 103000 103000 689925 665901 19592 4432 53947 53947 264230 225566 33402 5262 158528 127988 27237 3303 469601 413045 54507 2049 43813 36332 5619 1862 325299 256194 53307 15798 224493 203538 20319 636 SUPPLIES 150585 138247 11721 617 MAINTENANCE AND REPAIRS 50155 42636 7297 222 41468 41468 7843364 6025239 1543209 274916 10747 6929 801666 4042528 1769066 1658155 32216 52437 420736 286348 318345 304440 10229710 5643186 4827877 4586524 133915383 93955589 22219689 39011277 164315725 143904227 688970 610894 8689608 422197 9378578 1033091 X 106284791 84795011 48652356 58076125 154937147 142871136 164315725 143904227 X 8478475 9362686 -29907172 X 0 1 X 1 0 X 4638488 1785982 2219928 4081608 2901288 15627294 4638488 1785982 2219928 4081608 2901288 15627294 3352427 12274867 2211107 2181402 2800738 2460805 1959071 11613123 0 0 24705 217789 242494 88664 90000 40429 219093 27702004 14937291 0.44310 0.37730 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2017 AMOUNT: $ 88,664. 2018 AMOUNT: $ 90,000. 2021 AMOUNT: $ 40,429. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 127040385 8845160 10546485 32653323 113778707 114429639 5337586 9546378 2273218 127040385 99660027 2557302 13380685 1168375 114429639 100660767 9618961 17576616 28196317 99660027 83754442 6530907 10995419 620000 100660767 0.48960 0.51040 0 0 1104800 1104800 8318779 5120114 3198665 806131 523072 283059 4586524 REAL ESTATE FUNDS 19922496 F PRIVATE EQUITY INVESTMENTS 19088781 F 39011277 DUE TO THE O'KEEFFE MUSEUM FOUNDATION 422197 422197 X PART III, LINE 1A: THE MUSEUM'S COLLECTIONS ARE MADE UP OF ARTWORK AND RESEARCH COLLECTIONS THAT ARE HELD FOR PUBLIC EXHIBITION, EDUCATIONAL, AND RESEARCH IN FURTHERANCE OF PUBLIC SERVICE RATHER THAN FINANCIAL GAIN. THE VALUE OF THE ART OBJECTS IN THE PERMANENT COLLECTION IS EXCLUDED FROM THE ACCOMPANYING CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. ALL WORKS OF ART AND COLLECTIONS ARE PROTECTED, KEPT UNENCUMBERED, CARED FOR, AND PRESERVED; AND ARE SUBJECT TO STRICT ORGANIZATIONAL POLICIES GOVERNING THEIR USE. ALL COLLECTION OBJECTS WERE INSURED WITH BLANKET INSURANCE COVERAGE. THE COLLECTION IS SUBJECT TO A MUSEUM POLICY ESTABLISHED BY THE MUSEUM'S BOARD OF TRUSTEES. THE POLICY CURRENTLY REQUIRES ANY PROCEEDS FOR THE SALE OF DEACCESSIONED ITEMS FROM THE COLLECTION BE DESIGNATED TO ACQUIRE OTHER ITEMS FOR THE COLLECTION OR FOR THE DIRECT CARE OF WORKS IN THE COLLECTIONS. DIRECT CARE INCLUDES COSTS ASSOCIATED WITH THE CONSERVATION, PRESERVATION, REGISTRATION, MAINTENANCE, STORAGE, AND SAFEGUARDING OF COLLECTIONS, INCLUDING ANALYSIS, TREATMENT, INVENTORY, RESEARCH, FRAMING, DOCUMENTATION, THE RELATED INFORMATION TECHNOLOGY TO ASSURE FULL DOCUMENTATION, AND THE PROVISION OF SAFE AND SECURE, CLIMATE CONTROLLED STORAGE AND MUSEUM SPACES. THE AMOUNT OF DIRECT CARE FOR THE YEARS ENDED DECEMBER 31, 2021 AND 2020 WAS $721,502 AND $423,354, RESPECTIVELY. AN ADDITION OF A WORK OF ART TO THE PERMANENT COLLECTION IS MADE EITHER BY DONATION FROM A BENEFACTOR OR THROUGH A PURCHASE FUNDED BY THE MUSEUM'S ART ACQUISITION FUND. THE ART ACQUISITION FUND IS A BOARD-DESIGNATED FUND FOR ACQUISITIONS, WHERE BOTH THE PRINCIPAL AND EARNED INCOME MAY BE USED FOR ART ACQUISITIONS. PROCEEDS FROM DEACCESSIONS OF COLLECTION ITEMS ARE REFLECTED AS INCREASES TO THE BOARD-DESIGNATED ART ACQUISITIONS FUND. DURING 2021 AND 2020, THE MUSEUM DEACCESSIONED ARTWORK WHICH WAS SUBSEQUENTLY SOLD FOR $239,400 AND $58,333, RESPECTIVELY. THE MUSEUM PURCHASED ARTWORK FOR $30,000,000 DURING 2021. THE MUSEUM PURCHASED ARTWORK FOR $143,793 DURING 2020. PART III, LINE 4: THE GEORGIA O'KEEFFE MUSEUM IS DEDICATED TO PERPETUATING THE ARTISTIC LEGACY OF GEORGIA O'KEEFFE AND TO THE STUDY AND INTERPRETATION OF AMERICAN MODERNISM THROUGH THE INSTITUTION'S COLLECTIONS, EXHIBITIONS, RESEARCH CENTER, PUBLICATIONS, AND EDUCATIONAL PROGRAMS. IT CONTRIBUTES TO SCHOLARLY DISCOURSE AND SERVES DIVERSE AUDIENCES. THE MUSEUM HOUSES THE WORLD'S LARGEST COLLECTION OF ARTWORK BY GEORGIA O'KEEFFE AND PROVIDES AN OVERVIEW OF HER ACHIEVEMENTS DURING THE EIGHT DECADES (1901-1984) THAT SHE WAS ACTIVE AS AN ARTIST. THE COLLECTION INCLUDES WORKS IN CHARCOAL, OIL, PASTEL, PENCIL, WATERCOLOR, AND BRONZE, WHICH REPRESENT MOST OF THE MANY SUBJECTS O'KEEFFE ADDRESSED IN HER ART. THE MUSEUM IS COMMITTED TO MAKING ITS EXHIBITIONS AND PROGRAMS AVAILABLE TO THE BROADEST POSSIBLE AUDIENCE. ITS ACTIVE, CHANGING EXHIBITION SCHEDULE INCLUDES EXHIBITIONS DISPLAYING WORKS BY O'KEEFFE, OTHER AMERICAN MODERNISTS, AND SELECT LIVING AMERICAN ARTISTS. PART V, LINE 4: THE MUSEUM ENDOWMENTS AND OTHER DONOR-RESTRICTED FUNDS MUST BE SPENT ACCORDING TO THE DONOR-DESIGNATED PURPOSE. IN ADDITION, ENDOWMENT FUNDS REQUIRE THE PRESERVATION OF THE HISTORIC DOLLAR VALUE. THE BOARD OF THE MUSEUM HAS INTERPRETED THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (UPMIFA) AS REQUIRING THE MAINTENANCE OF THE LONG-TERM PURCHASING POWER OF THE DONOR-RESTRICTED ENDOWMENT FUNDS ABSENT EXPLICIT DONOR STIPULATIONS TO THE CONTRARY. DONOR-RESTRICTED FUNDS INCLUDE THE FOLLOWING: GENERAL OPERATIONS ENDOWMENT'S PURPOSE IS TO SUPPORT THE GENERAL OPERATIONS OF THE MUSEUM. HISTORIC PROPERTIES ENDOWMENT FUND IS A DONOR-RESTRICTED ENDOWMENT TO BE USED FOR THE OPERATION, PRESERVATION AND MAINTENANCE OF THE ABIQUIU AND GHOST RANCH PROPERTIES. THE RESEARCH CENTER ENDOWMENT IS TO SUPPORT THE STUDY CENTER (NOW REFERRED TO AS THE RESEARCH CENTER) AND FOR FUNDING THE DIRECTOR OF THE RESEARCH CENTER POSITION. CARNEY EXHIBITION ENDOWMENT IS TO SUPPORT EXPENDITURES RELATED TO EXHIBITIONS INSTALLED AT OR CURATED BY THE MUSEUM. THOMA EXHIBITION ENDOWMENT IS TO BE USED TO SUPPORT EXHIBITION RESEARCH, PLANNING, IMPLEMENTATION AND INSTALLATION. CAPITAL CAMPAIGN FUND IS TO BE USED FOR THE CONSTRUCTION OF A NEW MUSEUM CAMPUS. PART X, LINE 2: THE MUSEUM IS A NOT-FOR-PROFIT ORGANIZATION AND QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). FASB ISSUED AUTHORITATIVE GUIDANCE RELATING TO THE ACCOUNTING FOR THE UNCERTAINTY IN INCOME TAXES. THE GUIDANCE CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN CONSOLIDATED FINANCIAL STATEMENTS IN ACCORDANCE WITH GAAP. THE GUIDANCE ALSO REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE MUSEUM'S INFORMATION RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE-LIKELY-THAN-NOT" OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX BENEFIT OR EXPENSE IN THE CURRENT YEAR. IN ADDITION, GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION WAS ALSO PROVIDED. AS OF DECEMBER 31, 2021 AND 2020, THE MUSEUM PERFORMED A COMPREHENSIVE REVIEW OF ITS MATERIAL TAX POSITIONS IN ACCORDANCE WITH RECOGNITION AND MEASUREMENT STANDARDS ESTABLISHED BY GAAP. AS A RESULT OF THIS REVIEW, THE MUSEUM QUALIFIED AS A TAX EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE IRC AND HAD NO UNREPORTED INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES AND DID NOT IDENTIFY ANY ENTITY LEVEL TAX POSITIONS THAT WOULD NOT MEET THE MORE-LIKELY-THAN-NOT THRESHOLD. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 13901425 0 0 0 0 0 0 13901425 0 13901425 1 0 0 0 1 0 PART I, LINE 3: ACCRUAL PART III ACCOUNTING METHOD: X X X 0 0 0 0 0 0 0 1 0 CODY HARTLEY MUSEUM DIRECTOR 328405 0 0 0 0 0 11600 0 10132 0 350137 0 0 0 COLLEEN KELLY DELAY SR DIR, ADVANCEMENT & COMMUNICATIONS 179576 0 5000 0 0 0 7848 0 27940 0 220364 0 0 0 BENJAMIN FINBERG SENIOR DIRECTOR OF OPERATIONS 152331 0 5000 0 0 0 6534 0 18618 0 182483 0 0 0 JENNIFER FOLEY DEPUTY DIRECTOR FOR COLLECTIONS & ENGAGEMENT 149239 0 5000 0 0 0 677 0 20078 0 174994 0 0 0 PART I, LINE 7 BONUS PAYMENTS WERE AWARDED AND APPROVED BY THE BOARD FOR ALL STAFF. THESE WERE GIVEN TO INCENTIVIZE, RETAIN, AND ADJUST CLOSER TO MARKET VALUE DUE TO NO COL RAISES DURING THE PREVIOUS TWO YEARS. X 7 0 0 0 1 0 PART I, LINE 33: THE WORKS OF ART RECEIVED WERE ADDED TO THE MUSEUM'S COLLECTION. THE MUSEUM DOES NOT INCLUDE THE VALUE OF THE COLLECTION ON ITS BALANCE SHEET OR THESE TYPES OF GIFTS IN REVENUE WHEN RECEIVED, AS MORE FULLY EXPLAINED IN SCHEDULE D. FORM 990, PART VI, SECTION B, LINE 11B THE MUSEUM DIRECTOR AND THE CFO REVIEW THE FORM 990 FIRST. THEN IT IS REVIEWED BY THE FINANCE AND AUDIT COMMITTEE PRIOR TO FILING WITH THE IRS. THE PUBLIC DISCLOSURE COPY OF THE FORM 990 WAS DISCUSSED AT A BOARD OF TRUSTEES MEETING WITH THE BOARD BEING ADVISED AS TO HOW THEY COULD REVIEW THE DOCUMENT IN DETAIL AT THEIR WILL PRIOR TO THE FILING DATE. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY IN THE FIRST QUARTER OF THE YEAR, THE MUSEUM DISTRIBUTES ITS CODE OF ETHICS AND PROFESSIONAL CONDUCT POLICY TO ITS EMPLOYEES ALONG WITH A FORM THEY SIGN THAT STATES THAT THEY HAVE RECEIVED IT, HAVE READ IT AND ARE IN COMPLIANCE WITH IT. IN ADDITION, THERE ARE MEETINGS HELD WITH THE EMPLOYEES TO EXPLAIN THESE DOCUMENTS AND ANSWER ANY QUESTIONS THEY MIGHT HAVE. WITHIN THE CODE OF ETHICS POLICY IS A CONFLICT OF INTEREST POLICY STATEMENT AND A FRAUD AND DISHONESTY POLICY STATEMENT AS WELL AS OTHER POLICY STATEMENTS. THE MUSEUM ALSO HAS A SEPARATE CODE OF ETHICS AND PROFESSIONAL CONDUCT POLICY FOR BOARD MEMBERS THAT IS SIGNED BY ALL MEMBERS EACH YEAR AND THAT INCLUDES A CONFLICT OF INTEREST POLICY STATEMENT. THERE WERE NO INSTANCES OF CONFLICT DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE REVIEWS MARKET COMPARABLES IN DETERMINING THE DIRECTOR'S SALARY. THE COMMITTEE THEN MAKES A RECOMMENDATION TO THE BOARD OF TRUSTEES, WHICH HAS FINAL APPROVAL AUTHORITY FOR THE DIRECTOR'S COMPENSATION. THE DIRECTOR REVIEWS MARKET COMPARABLES WHEN DETERMINING ALL OTHER EMPLOYEE SALARIES. ANY SPECIAL BONUS PLANS OR COMPENSATION PLANS MUST BE APPROVED BY THE EXECUTIVE COMMITTEE. ALL DECISIONS ARE DOCUMENTED AND ARE KEPT BY HR AND FINANCE DEPARTMENTS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE AUDITED FINANCIAL STATEMENTS ARE POSTED ON OUR WEBSITE. FORM 990, PART XI, LINE 9: COLLECTION ITEMS PURCHASED BUT NOT CAPITALIZED -30,000,000. PLEDGE IMPAIRMENT 92,828. THE O'KEEFFE MUSEUM FOUNDATION 201 JOHNSON STREET SANTA FE NM 87501 811012846 SUPPORTING ORGANIZATION TO THE GEORGIA O'KEEFFE MUSEUM NM 501(C)(3) LINE 12A, I GEORGIA O'KEEFFE MUSEUM 1 GOKM INNOVATIONS INC 217 JOHNSON STREET SANTA FE NM 87501 475622335 CONSERVATION PRODUCT DEVELOPMENT DE THE O'KEEFFE MUSEUM FOUNDATION C 0 0 0 0 0 1 0 0 0 0 0 1 1 0 1 1 0 0 1 0 PAYABLE TO THE O'KEEFFE MUSEUM FOUNDATION E 422197 BALANCE SHEET PAYABLE