2022-05-16T11:55:51-05:00 2021-06-30 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2020-07-01 136146854 THE JEWISH MUSEUM JEWI 2124233200 1109 FIFTH AVENUE NEW YORK NY 10128 BRENT DICKMAN ACTING CFO 2124233200 2022-05-16 1 BRENT DICKMAN 999009999 SCOTT THOMPSETT P00741490 2125990100 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z CLAUDIA GOULD 1109 FIFTH AVENUE NEW YORK NY 10128 107317613 0 X WWW.THEJEWISHMUSEUM.ORG X 1952 NY THE MISSION OF THE JEWISH MUSEUM IS TO COLLECT, PRESERVE, EXHIBIT AND INTERPRET JEWISH ART. 36 35 206 115 28401 0 14616843 12088173 1485572 900713 1859772 10918555 -1211349 -1032478 16750838 22874963 0 0 0 0 12490433 10254613 94317 113202 2910828 9048589 10352800 21633339 20720615 -4882501 2154348 144529324 170221432 9642965 8497306 134886359 161724126 X THE MISSION OF THE JEWISH MUSEUM IS TO COLLECT, PRESERVE, EXHIBIT AND INTERPRET ART AND JEWISH CULTURE. SEE SCHEDULE O FOR MORE INFORMATION. 0 0 7789437 1908385 MUSEUM PROGRAMS, GENERAL/OTHER:PRESENTATION OF EXHIBITIONS RELATED TO ART AND JEWISH CULTURE AND CORRESPONDING EDUCATIONAL PROGRAMS FOR ADULTS, CHILDREN, FAMILIES, SCHOOL GROUPS, AND INDIVIDUALS WITH SPECIAL NEEDS. 4871772 ART MUSEUM CONSERVATION PROGRAMS:ACQUISITION, STORAGE, CONSERVATION AND MAINTENANCE OF COLLECTION OF JUDAICA OBJECTS, ART (SCULPTURE, PAINTINGS AND PHOTOGRAPHS), FILM RELATED TO ART AND JEWISH CULTURE. 12661209 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 1 1 0 0 0 0 1 0 0 0 0 0 1 0 0 1 1 0 0 0 1 0 0 0 1 128 0 1 206 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 36 35 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ NY X BRENT DICKMAN 2124233200 1109 FIFTH AVENUE NEW YORK NY 10128 CLAUDIA GOULD HELEN GOLDSMITH MENSCHEL DIRECTOR 40.00 0.00 X 499810 0 37280 JONATHAN NIGH CHIEF DEVELOPMENT OFFICER 40.00 0.00 X 199068 0 25851 DARSIE ALEXANDER SUSAN & ELIHU ROSE CHIEF CURATOR 40.00 0.00 X 207439 0 6756 RUTH BEESCH - SR DEPUTY DIR PROG. & STRAT. INIT. (THRU 03/31/21) 40.00 0.00 X 187236 0 21901 DAVID RUBENSTEIN DEP. DIR. OF FIN. & ADMIN. 40.00 0.00 X 207813 0 0 LINDA PADAWER SR DIRECTOR OF SPECIAL EVENTS 40.00 0.00 X 139032 0 36782 CINDY CAPLAN CHIEF COUNSEL & TALENT OFFICER 40.00 0.00 X 158777 0 10891 SARAH SUPCOFF DEP. DIR. OF MARKETING & COMM. 40.00 0.00 X 154619 0 8483 ALLISON CURRAN - DIR OF INSTITUTIONAL & MAJOR GIFTS 40.00 0.00 X 129206 0 21882 NELLY BENEDEK DEP. DIR., EDUCATION & PROGRAMS 40.00 0.00 X 123421 0 25116 JOSEPH RORECH FORMER DEP. DIR. OF FIN. & ADMIN. 40.00 0.00 X 107500 0 0 ROBERT A PRUZAN CHAIRMAN 5.00 0.00 X X 0 0 0 STEPHEN M SCHERR PRESIDENT 5.00 0.00 X X 0 0 0 SANDER LEVY VICE PRESIDENT 2.00 0.00 X X 0 0 0 GAIL A BINDERMAN VICE CHAIRMAN 2.00 0.00 X X 0 0 0 BETTY LEVIN VICE CHAIRMAN 2.00 0.00 X X 0 0 0 MAHNAZ MOINIAN VICE CHAIRMAN 2.00 0.00 X X 0 0 0 MALCOLM LEVINE TREASURER 2.00 0.00 X X 0 0 0 HARRIET SCHLEIFER SECRETARY 2.00 0.00 X X 0 0 0 JANE WILF ASSISTANT TREASURER 2.00 0.00 X X 0 0 0 ANDREW E LEWIN ASSISTANT SECRETARY 2.00 0.00 X X 0 0 0 SHARI ARONSON BOARD MEMBER 1.00 0.00 X 0 0 0 JONATHAN CRYSTAL BOARD MEMBER 1.00 0.00 X 0 0 0 WENDY FISHER BOARD MEMBER 1.00 0.00 X 0 0 0 NOMI P GHEZ BOARD MEMBER 1.00 0.00 X 0 0 0 ALICE GOTTESMAN BOARD MEMBER 1.00 0.00 X 0 0 0 DAVID ISRAEL BOARD MEMBER (AS OF 02/10/21) 1.00 0.00 X 0 0 0 VIRGINIA KAMSKY BOARD MEMBER 1.00 0.00 X 0 0 0 CAROL SCHAPIRO KEKST BOARD MEMBER 1.00 0.00 X 0 0 0 JONATHAN KRANE BOARD MEMBER 1.00 0.00 X 0 0 0 JEANETTE LERMAN BOARD MEMBER 1.00 0.00 X 0 0 0 GUSTAVE K LIPMAN BOARD MEMBER 1.00 0.00 X 0 0 0 PHYLLIS MACK BOARD MEMBER 1.00 0.00 X 0 0 0 AARON MALINSKY BOARD MEMBER 1.00 0.00 X 0 0 0 JOSHUA NASH BOARD MEMBER 1.00 0.00 X 0 0 0 STEVE NOVENSTEIN BOARD MEMBER 1.00 0.00 X 0 0 0 DAVID L RESNICK BOARD MEMBER 1.00 0.00 X 0 0 0 MICHAEL RUBINOFF BOARD MEMBER 1.00 0.00 X 0 0 0 DAVID SAMBUR BOARD MEMBER (AS OF 06/15/21) 1.00 0.00 X 0 0 0 DAVID E SHAPIRO BOARD MEMBER 1.00 0.00 X 0 0 0 JOHN M SHAPIRO BOARD MEMBER 1.00 0.00 X 0 0 0 AMY ROSE SILVERMAN BOARD MEMBER 1.00 0.00 X 0 0 0 JAMES A STERN BOARD MEMBER 1.00 0.00 X 0 0 0 MARGARET STREICKER BOARD MEMBER 1.00 0.00 X 0 0 0 STEVEN TULIP BOARD MEMBER 1.00 0.00 X 0 0 0 AUDREY WILF BOARD MEMBER 1.00 0.00 X 0 0 0 BENJAMIN WINTER BOARD MEMBER 1.00 0.00 X 0 0 0 2113921 0 194942 19 1 1 0 ONLINE COMPUTERS AND COMMUNICATIONS LLC PO BOX 428 FLORHAM PARK NJ 07932 IT SUPPORT 475105 DAVID STARK INC 219 36TH STREET APT 3A BROOKLYN NY 11232 PRODUCTION SERVICES 252318 UOVO LLC QUEENS PLAZA 41-4 22ND ST LONG ISLAND CITY NY 11101 ART STORAGE 221888 UNITED OVERSEAS HOLDINGS INC 2 EAST 61ST STREET NEW YORK NY 100658402 CATERING SERVICES 176722 SHIFT LAB LLC 290 5TH AVENUE FLOOR 4 NEW YORK NY 10001 IT SUPPORT 163241 9 2425431 326000 9336742 368683 12088173 MEMBERSHIPS 712110 755270 755270 ADMISSIONS 712110 103791 103791 GROUP FEES/PROGRAM FEE 712110 26640 26640 FILM PROCEEDS 712110 15012 15012 900713 373744 28401 345343 5343 478 4865 4865 4865 92924888 82380077 10544811 10544811 10544811 0 2425431 537299 -537299 -537299 1007672 1524796 -517124 -517124 ALL OTHER REVENUE 712110 17080 17080 17080 22874963 383589 28401 10374800 1256901 860536 158826 237539 64375 44074 8135 12166 7044995 4823347 890231 1331417 308979 211542 39044 58393 1160514 794544 146647 219323 418849 286765 52927 79157 137818 137818 47025 47025 113202 113202 1947662 1947662 1555218 902249 549784 103185 456660 358218 26304 72138 1273191 921583 183455 168153 365343 168156 190235 6952 507216 361682 85254 60280 29718 12600 5149 11969 359 142 36 181 77492 77492 1769872 1260859 298870 210143 286938 157189 110803 18946 ART ACQUISITION 545630 545630 SHIPPING 401490 366663 4108 30719 STORAGE RENTAL 285778 280713 5065 TEMP. HELP 131501 100285 17460 13756 533889 204432 166248 163209 20720615 12661209 5148578 2910828 8186 8186 6393360 6127799 7363548 1674382 778971 628704 793064 568281 1046757 984272 62644806 44686254 18831837 17958552 52048318 64040390 57265283 78230866 144529324 170221432 2509974 3295023 25764 34359 5000000 2984051 2107227 2183873 9642965 8497306 X 54308891 64098850 80577468 97625276 134886359 161724126 144529324 170221432 2154348 24683419 0 X 0 1 X 1 0 X 12965372 14527753 22095297 14616843 12088173 76293438 12965372 14527753 22095297 14616843 12088173 76293438 11207880 65085558 898113 989722 1493803 1399163 350686 5131487 28401 28401 528880 507417 325902 246580 17080 1625859 83079185 14093289 0.78340 0.84200 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SPECIAL EVENT INCOME - 2016 AMOUNT: $ 173,080. 2017 AMOUNT: $ 176,235. 2018 AMOUNT: $ 176,750. 2019 AMOUNT: $ 125,500. TRAVELING EXHIBITION FEES - 2016 AMOUNT: $ 38,500. CATALOG REVENUE - 2017 AMOUNT: $ 26,117. ALL OTHER REVENUE - 2016 AMOUNT: $ 85,505. 2017 AMOUNT: $ 122,063. 2018 AMOUNT: $ 36,666. 2019 AMOUNT: $ 19,481. 2020 AMOUNT: $ 17,080. CAFE REVENUE - 2016 AMOUNT: $ 115,147. 2018 AMOUNT: $ 112,486. 2019 AMOUNT: $ 101,599. RENTAL PROGRAM REVENUE - 2016 AMOUNT: $ 116,648. 2017 AMOUNT: $ 183,002. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 107928015 5285000 33448377 5908479 140752913 112306191 1025000 4366101 9769277 107928015 110860165 5305000 2595149 6454120 112306194 109244712 7320348 5882895 110682165 96991967 352500 18014356 5936111 109422712 0.37080 0.62920 0 0 883750 883750 4063176 1977815 2085361 38259671 25534893 12724778 9907788 9153859 753929 9530421 8019687 1510734 17958552 LIMITED PARTNERSHIPS 31271123 F HEDGE FUNDS 46959743 F 78230866 PAYROLL PROTECTION PROGRAM FORGIVABLE LOAN 2107227 LEASE OBLIGATIONS 76646 2183873 X 46451136 24683419 1525274 26208693 20242443 1947662 684858 2632520 22874963 19067739 1525274 1525274 17542465 1947662 1230488 3178150 20720615 PART III, LINE 1A: THE MUSEUMS COLLECTION IS COMPRISED OF APPROXIMATELY 30,000 OBJECTS RELATED TO JEWISH RELIGIOUS AND CULTURAL HISTORY, INCLUDING PAINTINGS, SCULPTURE, WORKS ON PAPER, PHOTOGRAPHS, ETHNOGRAPHIC MATERIAL, ARCHAEOLOGICAL ARTIFACTS, NUMISMATICS, CEREMONIAL OBJECTS, AND BROAD CAST MEDIA MATERIALS. THE COLLECTION IS HELD FOR EXHIBITION, EDUCATION, AND RESEARCH AND IS ADMINISTERED AND STORED IN ACCORDANCE WITH A FORMAL COLLECTION MANAGEMENT POLICY APPROVED BY THE AMERICAN ASSOCIATION OF MUSEUMS. THE MUSEUM MAINTAINS A POLICY THAT REQUIRES THE PROCEEDS FROM THE SALE OF COLLECTION OBJECTS (DEACCESSIONS) BE USED TO ACQUIRE OTHER ITEMS FOR THE COLLECTION. PART III, LINE 4: THE MUSEUM'S ENDOWMENT IS INTENDED TO SUPPORT THE LONGSTANDING GROWTH AND EVOLUTION OF THE MUSEUM. ENDOWMENT FUNDS ARE USED TO SUPPORT NUMEROUS EDUCATIONAL PROGRAMS AND EXHIBITIONS, AS WELL AS TO SUPPORT MUSEUM STAFFING AND GENERAL OPERATIONAL EXPENDITURES. PART V, LINE 4: THE MUSEUM'S ENDOWMENT IS INTENDED TO SUPPORT THE LONGSTANDING GROWTH AND EVOLUTION OF THE MUSEUM. ENDOWMENT FUNDS ARE USED TO SUPPORT NUMEROUS EDUCATIONAL PROGRAMS AND EXHIBITIONS, AS WELL AS TO SUPPORT MUSEUM STAFFING AND GENERAL OPERATIONAL EXPENDITURES. 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), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE MUSEUM HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED BUSINESS INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS 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 ITS FINANCIAL STATEMENTS. IN ADDITION, THE MUSEUM HAS NOT RECORDED A PROVISION FOR INCOME TAXES, AS IT HAS NO MATERIAL TAX LIABILITY FROM UNRELATED BUSINESS INCOME ACTIVITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF RENTAL EXPENSES TO PART VIII, LINE 6B: 478. RECLASS OF COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B: 1,524,796. PART XI, LINE 4B - OTHER ADJUSTMENTS: INDIRECT SPECIAL EVENT EXPENSES WHICH ARE SHOWN ON THE FINANCIAL STATEMENTS AS A REDUCTION TO SPECIAL EVENTS REVENUE: 684,858. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B: 1,524,796. RECLASS OF RENTAL EXPENSES TO PART VIII, LINE 6B: 478. PART XII, LINE 4B - OTHER ADJUSTMENTS: INDIRECT SPECIAL EVENT EXPENSES WHICH ARE SHOWN ON THE FINANCIAL STATEMENTS AS A REDUCTION TO SPECIAL EVENTS REVENUE: 684,858. ART ACQUISITION EXPENSES REPORTED ON PART IX, LINE 24A: 545,630. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 47048070 0 0 0 0 0 0 47048070 0 47048070 1 0 1 1 1 0 PART III ACCOUNTING METHOD: PART IV: THE JEWISH MUSEUM INVESTS DIRECTLY IN A VARIETY OF ALTERNATIVE INVESTMENTS THAT ARE STRUCTURED AS EITHER FOREIGN CORPORATIONS, FOREIGN LIMITED PARTNERSHIPS OR DOMESTIC LIMITED PARTNERSHIPS. THE LIMITED PARTNERSHIP INVESTMENTS MAY, IN TURN, OWN AN INTEREST IN A FOREIGN CORPORATION, PASSIVE FOREIGN INVESTMENT COMPANY, OR FOREIGN PARTNERSHIP. TO THE EXTENT THAT ITHACA COLLEGE IS REQUIRED TO COMPLETE A FORM 926, 5471, 8621 OR 8865 BECAUSE ITS INVESTMENT EXCEEDS THE FILING THRESHOLD, THOSE FORMS HAVE BEEN ATTACHED TO THE ORGANIZATION'S FORM 990-T FILING. X X 1 DCM INC 330 W 38TH ST STE 201 NEW YORK NY 10018 PHONE SOLICITATIONS 0 70378 50513 19865 DANILLER COMPANY 3724 JEFFERSON ST STE 302 AUSTIN TX 78731 MAIL SOLICITATIONS 0 44002 62689 -18687 114380 113202 1178 CT NJ NY PURIM BALL 2425431 2425431 1645 387948 147706 2425431 2425431 1645 387948 147706 537299 -537299 PART II: THE JEWISH MUSEUM'S 34TH ANNUAL PURIM BALL WAS HELD VIRTUALLY IN FEBRUARY OF 2021. THE MUSEUM'S GENEROUS DONORS CONTRIBUTED $2.4M TO SUPPORT THE VIRTUAL GALA; ALL REVENUES HAVE BEEN REPORTED AS CONTRIBUTION REVENUE AS THE ATTENDEES DID NOT RECEIVE ANY TANGIBLE GOODS ALONG WITH THEIR VIRTUAL ATTENDANCE. X X 1 0 0 0 0 0 0 0 0 CLAUDIA GOULD HELEN GOLDSMITH MENSCHEL DIRECTOR 499065 0 0 0 745 0 20469 0 16811 0 537090 0 0 0 JONATHAN NIGH CHIEF DEVELOPMENT OFFICER 198609 0 0 0 459 0 11090 0 14761 0 224919 0 0 0 DARSIE ALEXANDER SUSAN & ELIHU ROSE CHIEF CURATOR 206763 0 0 0 676 0 6756 0 0 0 214195 0 0 0 RUTH BEESCH - SR DEPUTY DIR PROG. & STRAT. INIT. (THRU 03/31/21) 186512 0 0 0 724 0 10869 0 11032 0 209137 0 0 0 DAVID RUBENSTEIN DEP. DIR. OF FIN. & ADMIN. 207606 0 0 0 207 0 0 0 0 0 207813 0 0 0 LINDA PADAWER SR DIRECTOR OF SPECIAL EVENTS 138542 0 0 0 490 0 7943 0 28839 0 175814 0 0 0 CINDY CAPLAN CHIEF COUNSEL & TALENT OFFICER 158254 0 0 0 523 0 8740 0 2151 0 169668 0 0 0 SARAH SUPCOFF DEP. DIR. OF MARKETING & COMM. 154099 0 0 0 520 0 8483 0 0 0 163102 0 0 0 ALLISON CURRAN - DIR OF INSTITUTIONAL & MAJOR GIFTS 128860 0 0 0 346 0 7194 0 14688 0 151088 0 0 0 JOSEPH RORECH FORMER DEP. DIR. OF FIN. & ADMIN. 0 0 0 0 107500 0 0 0 0 0 107500 0 0 0 PART I, LINE 4A JOSEPH RORECH, FORMER DEPUTY DIRECTOR OF FINANCE AND ADMINISTRATION, RECEIVED A SEVERANCE PAYMENT OF $107,500 IN CALENDAR YEAR 2020; THIS AMOUNT IS REFLECTED IN SCHEDULE J, PART II, COLUMN (B)(III). STEVE NOVENSTEIN BOARD MEMBER 215926 SEE PART V 0 SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: STEVE NOVENSTEIN(D) DESCRIPTION OF TRANSACTION: BUSINESS TRANSACTION SCHEDULE L, PART IV: THE MUSEUM ENTERED INTO A FIXED 10-YEAR CONTRACT WITH UOVO IN MAY 2017. AT THE TIME, STEVE NOVENSTEIN, THE CO-FOUNDER, HAD NO RELATIONSHIP WITH THE MUSEUM AND HE DID NOT JOIN THE BOARD UNTIL FEBRUARY 2019. THE MUSEUM EXPLORED MULTIPLE ART STORAGE FACILITIES AND SELECTED UOVO BASED ON ITS COMPETITIVE RATES, EXCELLENT REPUTATION, AND THE ENHANCED FACILITIES IT OFFERED. X 98 0 APPRAISAL X 26 368683 FMV ON DATE OF DONATION 3 0 1 1 PART I, COLUMN (B): THE MUSEUM DETERMINES THE NUMBER OF CONTRIBUTIONS REPORTED IN SCHEDULE M, PART I BASED UPON THE TOTAL NUMBER OF ITEMS CONTRIBUTED. PART I, LINE 32B: THE MUSEUM USES AUCTION HOUSES TO SELL WORKS OF ART CONTRIBUTED TO THE MUSEUM, THE PROCEEDS OF WHICH ARE THEN USED TO PURCHASE OTHER WORKS OF ART IN THE FUTURE. PART I, LINE 33: THE MUSEUM DOES NOT CAPITALIZE ITS ART COLLECTION; THEREFORE, ALL ART CONTRIBUTIONS LISTED IN SCHEDULE M ARE VALUED AT $0. GENERAL STATEMENT ABOUT THE PANDEMIC'S IMPACT ON THE MUSEUM: IN MARCH 2020, THE WORLD HEALTH ORGANIZATION RECOGNIZED THE NOVEL STRAIN OF CORONAVIRUS, COVID-19, AS A PANDEMIC AND CONSEQUENTLY, THE MUSEUM WAS CLOSED TO THE PUBLIC IN ACCORDANCE WITH NEW YORK STATE EXECUTIVE ORDERS AND GUIDANCE RELATED TO THE PANDEMIC. ON SEPTEMBER 24, 2020, THE MUSEUM REOPENED TO VISITORS IN ACCORDANCE WITH NEW YORK STATE SAFETY GUIDANCE AND DIRECTIVES, INCLUDING ATTENDANCE CAPACITY LIMITATIONS. IN APRIL 2020, THE MUSEUM RECEIVED A SMALL BUSINESS ADMINISTRATION (SBA) LOAN THROUGH THE CORONAVIRUS, AID, RELIEF AND ECONOMIC SECURITY ACT (THE CARES ACT) FOR THE PAYCHECK PROTECTION PROGRAM (PPP) FOR $2,107,227. THE TERM OF THE LOAN IS TWO YEARS WITH A 1% INTEREST RATE. THIS ENTIRE PPP LOAN AMOUNT WAS SUBSEQUENTLY FORGIVEN BY THE SBA IN JULY OF 2021; THE FORGIVEN LOAN WILL BE REPORTED AS GOVERNMENTAL GRANT REVENUE ON NEXT YEAR'S FORM 990. FORM 990, PART III, LINE 1 THE MISSION OF THE JEWISH MUSEUM IS TO COLLECT, PRESERVE, EXHIBIT AND INTERPRET ART AND JEWISH CULTURE. THE MUSEUM IS DEDICATED TO THE ENJOYMENT, UNDERSTANDING AND PRESERVATION OF THE ARTISTIC AND CULTURAL HERITAGE OF THE JEWISH PEOPLE THROUGH ITS UNPARALLELED COLLECTIONS, DISTINGUISHED EXHIBITIONS AND RELATED EDUCATION PROGRAMS. USING ART AND ARTIFACTS THAT EMBODY THE DIVERSITY OF THE JEWISH EXPERIENCE FROM ANCIENT TIMES, THROUGHOUT THE WORLD, TO PRESENT TIMES THE MUSEUM STRIVES TO BE A SOURCE OF INSPIRATION AND SHARED HUMAN VALUES FOR PEOPLE OF ALL RELIGIOUS AND CULTURAL BACKGROUNDS WHILE SERVING AS A SPECIAL TOUCHSTONE OF IDENTITY FOR THE JEWISH PEOPLE. AS A VITAL CULTURAL RESOURCE FOR NEW YORK RESIDENTS AND VISITORS OF ALL AGES, THE MUSEUM ALSO REACHES OUT TO NATIONAL AND INTERNATIONAL COMMUNITIES AS IT INTERPRETS AND PRESERVES ART AND JEWISH CULTURE FOR CURRENT AND FUTURE GENERATIONS. FORM 990, PART VI, SECTION A, LINE 2 AUDREY WILF AND JANE WILF HAVE A FAMILY RELATIONSHIP . FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE MUSEUM IS THE JEWISH THEOLOGICAL SEMINARY. FORM 990, PART VI, SECTION A, LINE 7A THE MUSEUM'S BYLAWS RESERVE THE POWER TO REMOVE ANY OR ALL MEMBERS OF THE BOARD OF DIRECTORS, WITH OR WITHOUT CAUSE, TO ITS SOLE MEMBER: THE JEWISH THEOLOGICAL SEMINARY. FORM 990, PART VI, SECTION A, LINE 7B THE MUSEUM'S BYLAWS RESERVE THE FOLLOWING POWERS TO ITS SOLE MEMBER: - THE RIGHT TO APPOINT THE MUSEUM'S DIRECTOR, WHO SHALL SERVE AS THE MUSEUM'S CHIEF EXECUTIVE OFFICER BASED UPON THE RECOMMENDATIONS OF A SEARCH COMMITTEE. - AMENDMENTS, ALTERATIONS, OR THE REPEAL OF BYLAWS PROVISIONS MAY ONLY BE EFFECTUATED WITH THE SEMINARY'S APPROVAL. - THE BOARD DOES NOT HAVE THE AUTHORITY TO ENGAGE IN ANY ACTION OR MATTER OF A RELIGIOUS NATURE WITHOUT THE SEMINARY'S APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT OF THE MUSEUM'S FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR, DEPUTY DIRECTOR OF FINANCE AND THE MUSEUM'S CHIEF LEGAL COUNSEL IT IS THEN SENT TO THE AUDIT COMMITTEE FOR REVIEW AFTER ALL COMMENTS HAVE BEEN ADDRESSED, THE 990 IS MADE AVAILABLE TO THE BOARD OF TRUSTEES FOR THEIR REVIEW BEFORE FINAL SUBMISSION WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE DEPUTY DIRECTOR OF FINANCE ENSURES THAT THE CONFLICT OF INTEREST POLICY STATEMENTS ARE COMPLETED ANNUALLY BY THE TRUSTEES. ANY CONFLICTS NOTED ARE DISCUSSED WITH SENIOR LEADERSHIP. IN REGARDS TO STAFF, THE MUSEUM'S PERSONNEL MANUAL INCLUDES A CONFLICT OF INTEREST POLICY STATEMENT AND ALL STAFF ARE REQUIRED TO SIGN A STATEMENT ACKNOWLEDGING THAT THEY HAVE READ AND UNDERSTAND ALL POLICIES INCLUDED IN THE MANUAL. FORM 990, PART VI, SECTION B, LINE 15 THE MUSEUM'S DIRECTOR IS EMPLOYED PURSUANT TO A FIVE YEAR WRITTEN EMPLOYMENT CONTRACT THAT WAS EXECUTED IN 2018. THE MUSEUM COMMISSIONED AN EXECUTIVE SUBCOMMITTEE OF THE BOARD OF TRUSTEES TO REVIEW AND APPROVE A CONTRACT EXTENSION. THIS EXECUTIVE SUBCOMMITTEE IS COMPRISED OF BOARD TRUSTEES WHO ARE INDEPENDENT OF MANAGEMENT AND FREE OF ANY CONFLICTS OF INTEREST THAT WOULD INTERFERE WITH THEIR EXERCISE OF INDEPENDENT JUDGMENT. THE EXECUTIVE SUBCOMMITTEE OBTAINED AND REVIEWED APPROPRIATE COMPENSATION DATA FOR PEER INSTITUTIONS TO ENSURE THAT THE COMPENSATION OFFERED WAS COMPARABLE TO THE INDUSTRY AND GEOGRAPHY IN WHICH THE MUSEUM OPERATES. THE EXECUTIVE DIRECTOR'S EMPLOYMENT CONTRACT ESTABLISHES ANNUAL COST-OF-LIVING-ADJUSTMENTS AND DISCRETIONARY BONUSES THAT MUST BE APPROVED BY THE BOARD OF TRUSTEES. UNTIL SUCH TIME AS THIS EMPLOYMENT CONTRACT CONCLUDES, NO FURTHER COMPARABILITY STUDIES ARE EXPECTED. IN FISCAL YEAR 2020, THE MUSEUM APPOINTED TWO INDIVIDUALS TO KEY ROLES, DAVID RUBENSTEIN, DEPUTY DIRECTOR OF FINANCE AND ADMINISTRATION, AND JONAH NIGH, CHIEF DEVELOPMENT OFFICER). BEFORE APPOINTING BOTH INDIVIDUALS, THE MUSEUM'S HUMAN RESOURCES DEPARTMENT ANALYZED MARKET DATA TO ENSURE THAT THE COMPENSATION LEVELS IT WAS OFFERING FOR BOTH POSITIONS ALIGNED WITH THE MARKET AND THE MUSEUM'S PEERS. PROSPECTIVELY, IT IS ANTICIPATED THAT THE MUSEUM'S DIRECTOR SHALL BE AUTHORIZED TO PROPOSE COMPENSATION ADJUSTMENTS FOR THE KEY EMPLOYEES TO A SUBCOMMITTEE OF THE BOARD OF DIRECTORS. THE MUSEUM MAY, PERIODICALLY, COMMISSION INDEPENDENT COMPENSATION SURVEYS TO ENSURE THAT IT CONTINUES TO PAY ITS KEY EMPLOYEES A COMPARABLE WAGE. FORM 990, PART VI, SECTION C, LINE 19 THE PUBLIC MAY ACCESS THE MUSEUM'S AUDITED FINANCIAL STATEMENTS AND FORM 990 FILINGS BY VISITING THE MUSEUM'S WEBSITE AND MAY REQUEST COPIES OF THE MUSEUM'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY BY CONTACTING THE OFFICE OF THE DEPUTY DIRECTOR OF FINANCE AND ADMINISTRATION AT THE CONTACT INFORMATION DISCLOSED IN PART VI, SECTION C, LINE 20. THE MUSEUM MAKES ITS IRS DETERMINATION LETTER CONFIRMING ITS TAX-EXEMPT STATUS AVAILABLE TO THE PUBLIC AT ITS PLACE OF BUSINESS (AND UPON REQUEST) IN LIEU OF THE FORM 1023 WHICH IS NO LONGER AVAILABLE. JEWISH THEOLOGICAL SEMINARY OF AMERICA 3080 BROADWAY NEW YORK NY 100274650 130887640 RELIGIOUS ORGANIZATION NY 501(C)(3) LINE 1 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0