2022-10-26T12:29:20-05:00 2021-12-31 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2021-01-01 237267983 ANDERSON RANCH ARTS CENTER ANDE 9709233181 PO BOX 5598 SNOWMASS VILLAGE CO 81615 PETER WAANDERS PRESIDENT AND CEO 9709233181 2022-09-28 1 PETER WAANDERS XXX-XX-XXXX FRANK H SMITH P00639053 2022274000 2022-09-28 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z PETER WAANDERS PO BOX 5598 SNOWMASS VILLAGE CO 81615 12134902 0 X WWW.ANDERSONRANCH.ORG X 1973 CO PROVIDE INSTRUCTION IN THE FINE ARTS FOR 1,200 CHILDREN AND ADULTS ANNUALLY. 28 28 76 29 0 0 3656520 5401050 917392 954321 -4669 959423 68322 129347 4637565 7444141 473909 378990 0 0 2665467 3227132 0 0 682433 1852518 2122562 4991894 5728684 -354329 1715457 16895499 19349000 468207 548869 16427292 18800131 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 2071714 378990 933063 WORKSHOPS ARE THE CORE OF ANDERSON RANCH'S PROGRAMMING AND FULFILL OUR MISSION BY PROVIDING AN INVIGORATING IMMERSION IN CREATIVITY. THE ENERGY GENERATED IN OUR STUDIOS FROM THE DIVERSE MIX OF STUDENTS OF ALL AGES AND ABILITIES PAIRED WITH RENOWNED FACULTY RESULTS IN LIFE-CHANGING EXPERIENCES. IN 2021, ANDERSON RANCH RETURNED TO FULLY IN PERSON WORKSHOPS AFTER THE MAJORITY WERE VIRTUAL FOR 2020. WE OFFERED 144 WORKSHOPS IN CERAMICS, PAINTING, PRINTMAKING, SCULPTURE, PHOTO, DIGITAL MEDIA AND WOODWORKING FOR ADULTS, YOUNG ARTISTS AND CHILDREN. IN TOTAL, THE RANCH SERVED 1,217 WORKSHOP STUDENTS ANDERSON RANCH IS DEDICATED TO OFFERING OPPORTUNITIES TO PROMISING ARTISTS AND INCREASING ACCESS TO OUR PROGRAMS FOR A DIVERSE GROUP OF PARTICIPANTS. IN 2021, MORE THAN 20% OF OUR WORKSHOP STUDENTS PARTICIPATED ON SCHOLARSHIP. SPECIFIC SCHOLARSHIPS ARE FUNDED BY RANCH SUPPORTERS, BOTH INDIVIDUALS AND FOUNDATIONS, EITHER THROUGH ENDOWED FUNDS OR SPECIAL GIFTS. SCHOLARSHIP APPLICATIONS ARE OPEN TO ALL. ANDERSON RANCH ALSO PARTNERS WITH 130 COLLEGES AND UNIVERSITIES TO AWARD SCHOLARSHIPS TO UPPER LEVEL ASPIRING ARTISTS. 1001961 348023 ANDERSON RANCH'S CAMPUS AMENITIES INCLUDE A DORMITORY, CAFE, LIBRARY, AN ART SUPPLIES STORE, AND AN EXHIBITION SPACE. WE PROVIDE THESE SERVICES TO OUR PROGRAM PARTICIPANTS SUCH AS FOOD, HOUSING, ACCESS TO SUPPLIES AND EXHIBITIONS TO SUPPORT THE COMMUNITY AND IMMERSIVE EXPERIENCE OF CAMPUS.IN 2021, OUR 2ND ANNUAL OUTDOOR SCULPTURE EXHIBITION: (STILL) SCULPTURALLY DISTANCED INCLUDED 19 SCULPTURES BY LOCAL, NATIONAL AND INTERNATIONALLY-ACCLAIMED ARTISTS INSTALLED THROUGHOUT THE RANCH CAMPUS.ANDERSON RANCH EDITIONS PUBLICATION PROGRAM HAS INVITED EMERGING AND ESTABLISHED ARTISTS ALIKE TO WORK ON PROJECTS ACROSS A VARIETY OF PROCESSES. IN THE PATTON PRINT SHOP, ARTISTS HAVE THE OPPORTUNITY TO EXPERIMENT WITH THEIR IDEAS IN NEW WAYS. PRINTMAKING HAS ALWAYS INCORPORATED CUTTING-EDGE TECHNOLOGY WITH TRADITIONAL SKILLS, AND THE RANCH ENCOURAGES ARTISTS TO COMBINE TRADITIONAL PRINT PROCESSES WITH THE NEWEST DIGITAL TECHNOLOGY. THIS SUPPORTED EXPERIMENTATION HELPS ARTISTS TO GROW AND CONNECT, AND EXPANDS HORIZONS FOR THE ANDERSON RANCH COMMUNITY. THE RESULTING PRINTS ARE MADE AVAILABLE FOR PURCHASE AND THE PROCEEDS PROVIDE ONGOING SUPPORT FOR ALL RANCH PROGRAMMING. 196989 65158 ANDERSON RANCH'S ARTISTS-IN-RESIDENCE PROGRAM FOSTERS CREATIVE, INTELLECTUAL AND PROFESSIONAL GROWTH FOR EMERGING AND ESTABLISHED VISUAL ARTISTS. RESIDENTS HAVE ACCESS TO WORLD-CLASS FACILITIES AND STUDIO TIME, FREE FROM EVERYDAY PRESSURES, AND PURSUE INTERDISCIPLINARY PROJECTS AMONG A COMMUNITY OF WORKING ARTISTS. IN 2021, 42 ARTISTS WERE SELECTED OVER THREE RESIDENCIES; THIS HAS BEEN THE MOST RESIDENTS ON CAMPUS IN ANY GIVEN YEAR.DURING THE FIVE OR TEN WEEK RESIDENCY PERIOD, WE INVITE INTERNATIONALLY-RECOGNIZED ARTISTS AND CRITICS TO GIVE CRITICAL STUDIO FEEDBACK TO OUR PROGRAM PARTICIPANTS ALLOWING RESIDENTS A CHANCE TO RECEIVE CONSTRUCTIVE INPUT ON THE DIRECTION OF THEIR WORK. DURING THEIR TIME AT THE RANCH, VISITING CRITICS TYPICALLY GIVE A PUBLIC LECTURE AND SPEND ONE TO THREE DAYS CRITIQUING RESIDENT WORK.ANDERSON RANCH IS COMMITTED TO CHANGING LIVES THROUGH ART AND SERVING OUR AUDIENCE BOTH AT THE RANCH AND IN THE GREATER ROARING FORK VALLEY COMMUNITY WHERE WE ARE LOCATED.ANDERSON RANCH SHARES THE CONTENT AND TALENT OF OUR COMMUNITY AND VISITING ARTISTS WITH THE LARGER COMMUNITY BY OFFERING FREE PUBLIC LECTURES, OPEN HOUSES, STUDIO TOURS, AS WELL AS SEMINARS AND EXHIBITIONS THAT EDUCATE THE PUBLIC ABOUT ARTISTS, ART MAKING, AND TRENDS AND ISSUES WITHIN THE ART WORLD. WE EXTEND OUR REACH BEYOND THE BORDERS OF OUR CAMPUS WITH OUTREACH PROGRAMS THAT TOUCH OUR EXTENDED COMMUNITY FROM ASPEN TO GLENWOOD SPRINGS AND BEYOND. THE PURPOSE OF THE RANCH'S OUTREACH PROGRAM IS TO SERVE THE LOCAL GEOGRAPHIC COMMUNITY OF ARTISTS AND NON-ARTISTS THROUGH ACCESSIBLE, SUSTAINED PROGRAMMING AND AREA PARTNERSHIPS STRUCTURED TO MEET THE NEEDS OF THE ROARING FORK VALLEY USING THE VISUAL ARTS. IN 2021, WE INCREASED OUR ENGAGEMENT WITH OUR LATINX COMMUNITY, BRINGING A HISPANIC HERITAGE MONTH CELEBRATION TO THE RANCH CAMPUS ALONGSIDE SEVERAL OTHER EVENTS, ALL OF WHICH WERE FILLED TO CAPACITY.FOR OVER HALF A CENTURY, ANDERSON RANCH HAS OPENED OUR DOORS TO EVERYONE WITH A PASSION FOR THE ARTS. ART REQUIRES INDIVIDUAL THOUGHT AND EXPRESSION AND ARTISTS CAN SERVE AS POWERFUL EDUCATORS DURING TIMES OF GREAT CHANGE AND GROWTH. WE MAINTAIN AN INTENTIONAL FOCUS ON ENSURING INCLUSION IN OUR COMMUNITY TO THOSE WHO HAVE BEEN HISTORICALLY UNDERREPRESENTED BASED ON RACE/ETHNICITY, AGE, DISABILITY, SEXUAL ORIENTATION, GENDER, GENDER IDENTITY, SOCIOECONOMIC STATUS, GEOGRAPHY, CITIZENSHIP STATUS, OR RELIGION. WE REMAIN COMMITTED TO STRENGTHENING OUR UNDERSTANDING OF EQUITY AND DIVERSITY BY LISTENING TO OUR COMMUNITY'S NEEDS, RESEARCHING RICH AND DIVERSE ARTISTIC PROGRAMMING, PARTNERING WITH BIPOC AND LGBTQ+ COMMUNITIES AND CULTURAL ORGANIZATIONS, AND PROVIDING EDUCATION FOR OUR STAFF, FACULTY AND BOARD. 3270664 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 1 142 0 1 76 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CO X X PETER WAANDERS 9709233181 5263 OWL CREEK ROAD SNOWMASS VILLAGE CO 81615 SUE HOSTETLER CHAIR 0.50 X X 0 0 0 REGGIE SMITH VICE CHAIR 1.00 X X 0 0 0 ANN KOROLOGOS SECRETARY 1.00 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 0.50 X 0 0 0 CHARLES BURSON 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 KAREN LORD 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 BECKY MURRAY TRUSTEE 0.50 X 0 0 0 GABRIELA PALMIERI TRUSTEE 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 0.50 X 0 0 0 JEANNIE SEYBOLD TRUSTEE 0.50 X 0 0 0 TERRY SIEGEL TRUSTEE 0.50 X 0 0 0 ANNE TOBEY TRUSTEE 0.50 X 0 0 0 RUDY WEISSENBERG TRUSTEE 0.50 X 0 0 0 MARIE WISE TRUSTEE 0.50 X 0 0 0 PETER WAANDERS PRESIDENT AND CEO 40.00 X 266176 0 40871 ANDREA WALLACE VICE PRESIDENT, ARTISTIC AFFAIRS 40.00 X 138500 0 50547 ASHLEY TODEY VP, OPERATIONS AND BUSINESS UNITS 40.00 X 140000 0 14223 MIRIAM FLORES FINANCE MANAGER 40.00 X 90000 0 12395 KATHERINE ROBERTS DIRECTOR OF MARKETING AND COMM. 40.00 X 102740 0 13006 737416 0 131042 4 0 1 0 0 731290 1068416 3601344 903977 5401050 TUITION 900099 933063 933063 PROGRAM FEES 900099 21258 21258 954321 176129 176129 43900 0 43900 43900 43900 4693187 3909893 783294 783294 783294 15150 731290 416762 -401612 -401612 838033 364106 473927 348023 125904 REIMBURSEMENTS 900099 13132 13132 13132 7444141 1346244 0 696847 378990 378990 752711 244657 262665 245389 2055421 1286165 706784 62472 24988 24988 204060 133305 73627 -2872 189952 104078 66799 19075 46196 4404 33480 8312 35341 3369 25613 6359 94714 94714 446974 314672 105989 26313 55682 43460 1156 11066 815 477 156 182 106213 64314 32337 9562 331078 50966 216184 63928 163630 69828 16224 77578 310 81 211 18 7971 2093 5414 464 312249 266586 45663 115288 69809 35100 10379 FOOD & BEVERAGES 216580 109695 1794 105091 ART WORK AND COMMISSION 62857 59138 3719 MEALS & ENTERTAINMENT 50036 20741 7123 22172 ART SUPPLIES 46943 29309 6760 10874 29685 14527 12806 2352 5728684 3270664 1775587 682433 395595 180691 1135788 908901 565533 646359 28687 550167 780 2204 225235 227695 12745557 7857561 4088531 4887996 10455350 11944987 16895499 19349000 127718 194217 190589 204752 149900 149900 468207 548869 X 5894336 6823752 10532956 11976379 16427292 18800131 16895499 19349000 1715457 657382 0 X 0 1 X 1 0 X 3402582 3537113 4398903 3656520 5401050 20396168 3402582 3537113 4398903 3656520 5401050 20396168 392999 20003169 557606 408355 448289 279720 457812 2151782 19287 2955 17 13132 35391 22583341 8682081 0.88570 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 1 9119168 53441 1384009 359725 10196893 8631210 108402 688281 308725 9119168 7422481 55056 1498673 345000 8631210 7808079 265424 -489064 161958 7422481 7151870 180530 800371 324692 7808079 1.00000 1 0 248045 248045 9215940 5530510 3685430 3281572 2327051 954521 4887996 X 8797492 657382 9815 667197 8130295 94714 -780868 -686154 7444141 6424653 9815 780868 790683 5633970 94714 94714 5728684 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, 2021 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 2D - OTHER ADJUSTMENTS: PRIOR PERIOD ADJUSTMENT PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE -416,762. COST OF GOODS SOLD -364,106. FINANCIAL AID PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 364,106. SPECIAL EVENTS EXPENSE 416,762. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 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 $14,080, THE TOWN OF SNOWMASS VILLAGE IN THE AMOUNT OF $5,000, THE NATIONAL ENDOWMENT FOR THE ARTS IN THE AMOUNT $10,000 AND THE SBA FOR $1,068,416 DURING THE YEAR ENDED DECEMBER 31, 2021. RECOGNITION DINNER 746440 731290 15150 10000 87812 26695 292255 746440 731290 15150 10000 87812 26695 292255 416762 -401612 1 PROGRAM SCHOLARSHIPS 264 378990 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 0 0 0 0 0 0 0 1 0 PETER WAANDERS PRESIDENT AND CEO 238228 0 22838 0 5110 0 6953 0 33918 0 307047 0 307047 0 ANDREA WALLACE VICE PRESIDENT, ARTISTIC AFFAIRS 138500 0 0 0 0 0 4155 0 46392 0 189047 0 189047 0 ASHLEY TODEY VP, OPERATIONS AND BUSINESS UNITS 140000 0 0 0 0 0 4200 0 10023 0 154223 0 154223 0 PART I, LINE 1A THE RANCH PROVIDED HOUSING TO ANDREA WALLACE AT A VALUE OF $36,000 FOR THE YEAR ENDED DECEMBER 31, 2021. THE RANCH PROVIDED SOCIAL CLUB DUES TO PETER WAANDERS AT A VALUE OF $9,000 AND HOUSING AT A VALUE OF $12,000 FOR THE YEAR ENDED DECEMBER 31, 2021. 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, 2021, PETER WAANDERS RECEIVED A BONUS OF $22,838. X 1 2425 FMV X 2718 ESTIMATED FMV X 303632 ESTIMATED FMV X 1000 X 1 249202 FMV X 1 345000 FMV 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, 2021. 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 THE FEDERAL FORM 990 IS PREPARED BY OUR INDEPENDENT ACCOUNTING FIRM, MARCUM LLP. AFTER THE RETURN IS PREPARED, THE DRAFT VERSION OF THE FEDERAL FORM 990 IS DISTRIBUTED TO AND REVIEWED BY THE PRESIDENT AND CEO, AND THE CHAIR OF THE BOARD OF TRUSTEES PRIOR TO BEING SUBMITTED TO THE INTERNAL REVENUE SERVICE. 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.