2022-11-11T10:21:51-06:00 2021-12-31 420714325 RSM US LLP 210 PARK AVE SUITE 1725 OKLAHOMA CITY OK 73102 990 2021-01-01 204119317 THE GEORGE W BUSH FOUNDATION GEOR 2142004335 2943 SMU BLVD DALLAS TX 75205 BRIAN S COSSIBOOM VP FINANCE & OPS/TREASURER 2142004335 2022-11-15 1 BRIAN COSSIBOOM XXX-XX-XXXX LAUREN NOWAKOWSKI P01796934 4052397961 2022-11-11 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z THE GEORGE W BUSH PRESIDENTIAL CENTER THE GEORGE W BUSH INSTITUTE KENNETH HERSH 2943 SMU BLVD DALLAS TX 75205 54678954 0 X WWW.BUSHCENTER.ORG X 2006 TX SEE SCHEDULE O FOR MISSION STATEMENT. 26 25 115 300 56734 40018 59393906 27396605 1489096 1960497 4737635 7884855 220143 415902 65840780 37657859 971895 1541753 0 0 13272178 12757075 65000 129391 5860638 19472454 15625344 33781527 30053563 32059253 7604296 557674730 628846419 2238844 2132940 555435886 626713479 X SEE SCHEDULE O FOR MISSION STATEMENT. 0 0 14503232 1541753 THE GEORGE W. BUSH INSTITUTE DEVELOPS LEADERS, ADVANCES POLICY AND TAKES ACTION TO SOLVE TODAY'S MOST PRESSING CHALLENGES. DOMESTICALLY, THE INSTITUTE FOCUSES ON ECONOMIC GROWTH, EDUCATION REFORM, ENSURING VETERANS AND THEIR FAMILIES MAKE SUCCESSFUL TRANSITIONS TO CIVILIAN LIFE AND DEVELOPING A NEW GENERATION OF LEADERS FOCUSED ON SOLVING SOCIETY'S MOST CHALLENGING ISSUES. GLOBALLY, THE INSTITUTE FOCUSES ON SAVING WOMEN'S LIVES FROM CERVICAL CANCER IN SUB-SAHARAN AFRICA; EXTENDING FREEDOM AND DEMOCRACY AROUND THE WORLD; AND PROMOTING EDUCATION, HEALTHCARE AND ECONOMIC OPPORTUNITY FOR WOMEN AROUND THE WORLD. ADDITIONALLY, PUBLIC PROGRAMMING AND PUBLICATIONS PROMOTE A GREATER UNDERSTANDING OF THE AMERICAN PRESIDENCY AND ENGAGES THE PUBLIC IN THOUGHT PROVOKING WAYS. 4799661 1960497 THE GEORGE W. BUSH PRESIDENTIAL CENTER IS HOME TO THE GEORGE W. BUSH PRESIDENTIAL LIBRARY AND MUSEUM AND THE GEORGE W. BUSH INSTITUTE. SINCE OPENING, 1,876,723 PEOPLE HAVE VISITED THE MUSEUM, INCLUDING ONE TEMPORARY EXHIBIT IN 2021:"OUT OF MANY, ONE: PORTRAITS OF AMERICA'S IMMIGRANTS" HIGHLIGHTED A SERIES OF PAINTINGS BY PRESIDENT BUSH OF AMERICAN IMMIGRANTS AND THEIR JOURNEYS AND STORIES. 19302893 1 1 0 1 0 0 0 1 0 1 1 1 0 1 0 1 1 0 0 0 1 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 110 0 1 115 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 26 25 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AL AR CA FL GA HI IL KS KY LA MD MA MI MN MS NC NH NJ NM NY OR PA RI SC TN UT VA WI WV X BRIAN S COSSIBOOM 2142004335 2943 SMU BLVD DALLAS TX 75205 KENNETH A HERSH PRESIDENT & CEO/DIRECTOR 40.00 X X 562701 0 20577 DONALD L EVANS CHAIRMAN/DIRECTOR 5.00 X X 0 0 0 LAURA W BUSH DIRECTOR 3.00 X 0 0 0 HARLAN CROW DIRECTOR 3.00 X 0 0 0 HENRY HAGER DIRECTOR 3.00 X 0 0 0 JON HAMMES DIRECTOR 3.00 X 0 0 0 WILLIAM M HICKEY DIRECTOR 3.00 X 0 0 0 RAY L HUNT DIRECTOR 3.00 X 0 0 0 JOHN W JOHNSON DIRECTOR 3.00 X 0 0 0 JOEL KAPLAN DIRECTOR 3.00 X 0 0 0 MARK LANGDALE DIRECTOR 3.00 X 0 0 0 DAVID B MILLER DIRECTOR 3.00 X 0 0 0 MICHAEL E MEECE DIRECTOR 3.00 X 0 0 0 PETER PACE DIRECTOR 3.00 X 0 0 0 PAMELA PATSLEY DIRECTOR 3.00 X 0 0 0 JEANNE L PHILLIPS DIRECTOR 3.00 X 0 0 0 CAREN H PROTHRO DIRECTOR 3.00 X 0 0 0 LARRY D THOMPSON DIRECTOR 3.00 X 0 0 0 R GERALD TURNER DIRECTOR 3.00 X 0 0 0 THEODORE W ULLYOT DIRECTOR 3.00 X 0 0 0 REGINALD J BROWN DIRECTOR 3.00 X 0 0 0 KELLY COMPTON DIRECTOR 3.00 X 0 0 0 ANTONIO GARZA DIRECTOR 3.00 X 0 0 0 DYLAN GLENN DIRECTOR 3.00 X 0 0 0 JEREMY L KATZ DIRECTOR 3.00 X 0 0 0 DINA POWELL MCCORMICK DIRECTOR 3.00 X 0 0 0 HOLLY A KUZMICH SENIOR VP/EXECUTIVE DIRECTOR 40.00 X 313309 0 29580 BRIAN S COSSIBOOM VP FINANCE & OPERATIONS/TREASURER 40.00 X 279356 0 28513 GUY H KERR SECRETARY/GENERAL COUNSEL 40.00 X 232671 0 21578 MICHAEL T MCMAHAN VP CORPORATE PLANNING & DEVELOPMENT 40.00 X 232879 0 39305 HANNAH S ABNEY CHIEF COMMUNICATIONS COUNSELOR 40.00 X 211263 0 33519 ANNE E WICKS DIRECTOR, EDUCATION & OPPORTUNITY 40.00 X 221943 0 28047 MATTHEW M ROONEY DIR. INST OUTREACH & STRATEGIC PSHIPS 40.00 X 221121 0 21686 MATTHEW F AMIDON DIR, VETERANS & MILITARY FAMILIES 40.00 X 204762 0 20002 EVANGELINE M CHIANG MANAGING DIR, LEADERSHIP & PROGRAM. 40.00 X 183566 0 44214 KRISTIN N KING COO - GEORGE BUSH INSTITUTE 40.00 X 192130 0 10549 2855701 0 297570 33 0 1 0 SYRACUSE UNIVERSITYIVMF 119 BROWNE HALL SYRACUSE NY 13244 RESEARCH & EVALUATION SERVICES 960536 BECK ARCHITECTURE 1601 ELM STREET SUITE 2800 DALLAS TX 75201 CONSTRUCTION CONTRACT 520308 SOUTHERN BOTANICAL PO BOX 678128 DALLAS TX 75267 LANDSCAPING SERVICES 502773 BRIGADE LLC 2527 FAIRMOUNT STREET DALLAS TX 75201 PROGRAM & EVENT EXPENSE 374703 CULINAIRE INTERNATIONAL 8303 ELMBROOK DRIVE DALLAS TX 75247 PROGRAM & EVENT EXPENSE 340505 17 113135 27283470 1072151 27396605 ECONOMIC GROWTH INITIATIVE 900099 1264296 1264296 MUSEUM TICKET SALES 900099 647683 647683 ENGAGE EVENTS 900099 48518 48518 1960497 4567659 2971 4564688 296925 128202 168723 168723 20300 148423 20205089 5000 16816275 76618 3388814 -71618 3317196 3317196 PARKING 900099 107934 277 107657 GIFT SHOP COMMISSIONS 453220 72177 72177 RESTAURANT & CATERING 722320 33186 33186 33882 33882 247179 37657859 1960497 56734 8244023 X 1131513 1131513 410240 410240 2005252 810391 726112 468749 136185 136185 7884530 5009788 1142448 1732294 353892 221013 46538 86341 1714133 1117329 250919 345885 663083 397362 116975 148746 10414 9939 475 90794 90794 129391 129391 147598 3315 144283 3466525 3248100 70374 148051 25183 24920 5 258 779997 168532 62737 548728 757369 488861 103727 164781 1567810 975893 246998 344919 411394 274245 17592 119557 2169717 1265403 84049 820265 4458614 3016564 739113 702937 72421 46307 10320 15794 BAD DEBT EXPENSE 1486527 465613 1020914 MISCELLANEOUS 179389 81380 14067 83942 UNRELATED BUS INC TAX 1592 1592 30053563 19302893 4890032 5860638 18247375 15752391 13199987 6643570 59059172 48438489 49883 149662 587654 838358 241903807 94695385 150030296 147208422 245656899 305289293 38231797 72050567 32611667 32475667 557674730 628846419 2108496 1793580 130348 339360 2238844 2132940 X 335608807 380404661 219827079 246308818 555435886 626713479 557674730 628846419 7604296 63673297 0 X 0 1 X 1 0 X 59683591 75156347 53101538 59393906 27396605 274731987 59683591 75156347 53101538 59393906 27396605 274731987 26399986 248332001 3029648 3548287 4868744 4464656 4841313 20752648 210578 154341 40018 404937 1041393 720609 593181 134362 213715 2703260 298592832 11365618 0.83170 0.82980 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: PARKING FEES RESTAURANT CATERING COMMISSIONS GIFT SHOP COMMISSIONS SPECIAL EVENTS MISCELLANEOUS RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 30053563 30053563 0 1000000 0 250000 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 SCHEDULE C, PART II-A: THE ORGANIZATION HAD A 501(H) ELECTION IN PLACE BUT DID NOT INCUR ANY LOBBYING EXPENSES DURING THE YEAR. 1048001 X 0 298796449 14822243 70376936 7121546 376874082 199530322 70358725 34103720 5196318 298796449 124205350 55685643 24328933 4689604 199530322 112268530 19092859 -3269627 3886412 124205350 72523917 32137403 10224805 2617595 112268530 0.55440 0.38670 0.05890 0 0 149174224 33226350 115947874 30588776 2502818 28085958 60058412 58966217 1092195 2082395 2082395 147208422 HEDGE FUNDS 12668981 F REAL ASSETS 5928737 F PRIVATE EQUITY FUNDS 53452849 F 72050567 GROUND LEASE, NET OF AMORTIZATION 32475667 32475667 X 101043368 63673297 1146517 64819814 36223554 147598 1286707 1434305 37657859 29675842 1056584 1056584 28619258 147598 1286707 1434305 30053563 PART III, LINE 4: WORKS OF ART ARE HELD OR DISPLAYED IN VARIOUS SPACES OF THE GEORGE W. BUSH PRESIDENTIAL CENTER. PART V, LINE 4: THE FOUNDATION'S ENDOWMENT WAS STARTED IN 2014 AND CONSISTS OF INDIVIDUAL ENDOWMENT FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING BOTH DONOR RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS. ENDOWMENT DISTRIBUTIONS ARE INTENDED TO SUPPORT GENERAL OPERATING EXPENSES AND OTHER DESIGNATED PURPOSES AS DIRECTED BY THE BOARD OR BY DONORS. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE (IRC), AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3), AND DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER SECTIONS 509(A) OF THE IRC. AS SUCH, CONTRIBUTIONS TO THE FOUNDATION QUALIFY FOR DEDUCTION AS CHARITABLE CONTRIBUTIONS; HOWEVER, INCOME GENERATED FROM ACTIVITIES UNRELATED TO THE FOUNDATION'S EXEMPT PURPOSE IS SUBJECT TO TAX UNDER IRC SECTION 511. AT DECEMBER 31, 2021 AND 2020, UNRELATED BUSINESS INCOME TAX LIABILITY AND EXPENSE WERE IMMATERIAL TO THE FINANCIAL STATEMENTS. THE FOUNDATION FOLLOWS GUIDANCE THAT ESTABLISHED CRITERION THAT AN INDIVIDUAL TAX POSITION MUST MEET FOR SOME OR ALL OF THE BENEFITS OF THAT POSITION TO BE RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. THIS STANDARD PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY 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. NO TAX ACCRUAL FOR UNCERTAIN TAX POSITIONS WAS RECORDED AS MANAGEMENT BELIEVES THERE ARE NO UNCERTAIN TAX POSITIONS FOR THE FOUNDATION. WITH FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2018. PART XI, LINE 4B - OTHER ADJUSTMENTS: UNCOLLECTIBLE CONTRIBUTIONS NETTED WITH REVENUE ON FINANCIAL STATEMENTS 1,486,527. RENT EXPENSE -128,202. LOSS ON DISPOSAL -71,618. PART XII, LINE 4B - OTHER ADJUSTMENTS: UNCOLLECTIBLE CONTRIBUTIONS NETTED WITH REVENUE ON FINANCIAL STATEMENTS 1,486,527. RENT EXPENSE -128,202. LOSS ON DISPOSAL -71,618. SCHEDULE D, PARTS I AND V IN PRIOR YEAR, THE FOUNDATION ACCEPTED THE TRANSFER OF THE LAURA BUSH FOUNDATION FOR AMERICA'S LIBRARIES FUND (THE LBFAL FUND) FROM THE COMMUNITY FOUNDATION FOR THE NATIONAL CAPITAL REGION. THIS FUND WAS DONOR RESTRICTED IN SUPPORT OF AMERICA'S LIBRARIES AND THE EDUCATION OF CHILDREN. IN APRIL 2020, THE FOUNDATION'S BOARD OF DIRECTORS DISSOLVED THE ADVISORY COMMITTEE FOR THE DONOR RESTRICTED FUND AND APPROVED CREATION OF A NEW BOARD DESIGNATED ENDOWMENT FUND, THE LAURA BUSH ENDOWMENT FOR EDUCATION AND LITERACY (LBEEL) FUND, WHICH WAS FUNDED WITH A TRANSFER OF $15,656,844 FROM THE LBFAL FUND. ALL APPROPRIATIONS FROM THE LBEEL FUND WILL BE IN SUPPORT OF AMERICA'S LIBRARIES AND EDUCATION OF CHILDREN. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 3997000 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 3075000 0 0 0 0 0 0 7072000 0 7072000 1 0 1 1 1 0 PART III ACCOUNTING METHOD: FORM 990, SCHEDULE F, PART I, LINE 3 THE FOUNDATION'S ENDOWMENT PORTFOLIO INCLUDES CERTAIN PRIVATE EQUITY INVESTMENTS WITH HOLDINGS OUTSIDE THE UNITED STATES. X X X X X X 1 WARFIELD AND WALSH INC 601 S WASHINGTON STREET ALEXANDRIA VA 22314 DIRECT MAIL 0 859052 129391 729661 859052 129391 729661 AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA MA ME MD MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY SCHEDULE G, PART I, LINE 2B, LIST OF TEN HIGHEST PAID FUNDRAISERS PRINTING, COPYING, REPRODUCTION, POSTING AND SHIPPING SERVICES NOT INCLUDED IN PART I: $187,632. 1 FORT WORTH ISD DBA LEADERSHIP ACADEMY 3601 MITCHELL BLVD FORT WORTH TX 76105 756001613 11667 0 SCHOLARSHIPS BROWNSVILLE INDEPENDENT SCHOOL DISTRICT DBA MANZANO MIDDLE SCHOOL 2580 W ALTON GLOOR BLVD BROWNSVILLE TX 78520 746000418 11667 0 LIBRARY BOOKS SAN ANTONIO INDEPENDENT SCHOOL DISTRICT DBA CARVAJAL ELEMENTARY SCHOOL 225 ARIZONA ST SAN ANTONIO TX 78207 746002167 11667 0 LIBRARY BOOKS WACO ISD DBA HILLCREST PROF DEVELOPMENT SCHOOL 501 FRANKLIN AVE WACO TX 76701 746002532 11667 0 LIBRARY BOOKS WACO INDEPENDENT SCHOOL DISTRICT DBA WACO HIGH SCHOOL 501 FRANKLIN AVE WACO TX 76701 746002532 11667 0 LIBRARY BOOKS CONROE INDEPENDENT SCHOOL DISTRICT DBA TRAVIS INTERMEDIATE CONROE TX 77304 746000556 11667 0 LIBRARY BOOKS SAN BENITO CONSOLIDATED INDEPENDENT SCHOOL DISTRICT DBA MILLER JORDAN 240 N CROCKETT SAN BENITO TX 78586 746002224 11667 0 LIBRARY BOOKS PHARR-SAN JUAN-ALAMO INDEPENDENT SCHOOL DISTRICT DBA LIBERTY MIDDLE SCHOOL 1212 S FIR ST PHARR TX 78577 746001876 11667 0 LIBRARY BOOKS AUSTIN ISD DBA MARTIN MS 4000 SOUTH IH 35 FRONTAGE ROAD SUITE 839 AUSTIN TX 78704 746000064 11667 0 LIBRARY BOOKS ARLINGTON INDEPENDENT SCHOOL DISTRICT DBA PEACH ELEMENTARY 1203 W PIONEER PARKWAY ARLINGTON TX 76013 756000119 11667 0 LIBRARY BOOKS MCALLEN INDEPENDENT SCHOOL DISTRICT DBA TRAVIS MIDDLE SCHOOL 2000 NORTH 23RD STREET MCALLEN TX 78501 746001658 11667 0 LIBRARY BOOKS FORT WORTH INDEPENDENT SCHOOL DISTRICT DBA MARY LOUISE PHILLIPS ELEMENTARY 100 N UNIVERSITY DR STE NE 140-B FORT WORTH TX 76107 756001613 11667 0 LIBRARY BOOKS DALLAS ISD DBA ED WALKER MIDDLE SCHOOL 9400 N CENTRAL EXPRESSWAY DALLAS TX 75231 756001278 11667 0 LIBRARY BOOKS DALLAS ISD DBA HECTOR P GARCIA MS 9400 N CENTRAL EXPWY ATTN BOX 21 DALLAS TX 75231 756001278 11667 0 LIBRARY BOOKS SAN ANTONIO INDEPENDENT SCHOOL DISTRICT DBA HERFF ACADEMY 514 W QUINCY SAN ANTONIO TX 78215 746002167 11667 0 LIBRARY BOOKS 15 FELLOWSHIP STIPENDS 10 410240 PART I, LINE 2: THE FOUNDATION, THROUGH ITS LAURA BUSH FOUNDATION FOR AMERICA'S LIBRARIES FUND (LBFAL FUND), PROVIDED GRANTS FOR THE SUPPORT OF AMERICA'S LIBRARIES AND EDUCATION OF CHILDREN. PRIOR TO APRIL 2020, BUSH INSTITUTE PROGRAM DIRECTORS PROVIDED OVERSIGHT FOR THE USE OF GRANT FUNDS AND MONITORING THE LBFAL FUND. IN APRIL 2020, THE FOUNDATION'S BOARD OF DIRECTORS DISSOLVED THE ADVISORY COMMITTEE AND APPROVED CREATION OF A NEW BOARD DESIGNATED ENDOWMENT FUND, THE LAURA BUSH ENDOWMENT FOR EDUCATION AND LITERACY (LBEEL) FUND. THE AUDIT COMMITTEE IS RESPONSIBLE FOR APPROVING GRANTS AND DISTRIBUTIONS FROM THE LBEEL FUND. 1 X X X X 0 0 0 0 0 0 0 0 0 KENNETH A HERSH PRESIDENT & CEO/DIRECTOR 562701 0 0 0 0 0 19500 0 1077 0 583278 0 0 0 HOLLY A KUZMICH SENIOR VP/EXECUTIVE DIRECTOR 278019 0 35290 0 0 0 18927 0 10653 0 342889 0 0 0 BRIAN S COSSIBOOM VP FINANCE & OPERATIONS/TREASURER 254245 0 25111 0 0 0 17977 0 10536 0 307869 0 0 0 MICHAEL T MCMAHAN VP CORPORATE PLANNING & DEVELOPMENT 210820 0 22059 0 0 0 14502 0 24803 0 272184 0 0 0 GUY H KERR SECRETARY/GENERAL COUNSEL 213387 0 19284 0 0 0 19500 0 2078 0 254249 0 0 0 ANNE E WICKS DIRECTOR, EDUCATION & OPPORTUNITY 204097 0 17846 0 0 0 11288 0 16759 0 249990 0 0 0 HANNAH S ABNEY CHIEF COMMUNICATIONS COUNSELOR 194883 0 16380 0 0 0 13958 0 19561 0 244782 0 0 0 MATTHEW M ROONEY DIR. INST OUTREACH & STRATEGIC PSHIP 204412 0 16709 0 0 0 11056 0 10630 0 242807 0 0 0 EVANGELINE M CHIANG MANAGING DIR, LEADERSHIP & PROGRAM. 161190 0 22376 0 0 0 19500 0 24714 0 227780 0 0 0 MATTHEW F AMIDON DIR, VETERANS & MILITARY FAMILIES 189077 0 15685 0 0 0 17466 0 2536 0 224764 0 0 0 KRISTIN N KING COO - GEORGE BUSH INSTITUTE 170000 0 22130 0 0 0 0 0 10549 0 202679 0 0 0 CULLUM CLARK SEE PART V 136185 SEE PART V 0 SCHEDULE L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: CULLUM CLARK(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: FAMILY MEMBER OF DIRECTOR, CAREN PROTHRO(C) AMOUNT OF TRANSACTION $136,185(D) DESCRIPTION OF TRANSACTION: MR. CLARK IS AN EMPLOYEE OF THE FOUNDATION AND RECEIVED COMPENSATION OF $136,185(E) SHARING OF ORGANIZATION REVENUES? = NO X 3 1024439 FMV X EVENT PRODUCTS 2 32992 FMV 0 0 1 1 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. PART I, LINE 32B: THE FOUNDATION'S BROKERAGE FIRM IS AUTHORIZED TO SELL DONATED SECURITIES ON ITS BEHALF. FORM 990, PART I, LINE 1: ENDOW A PRESIDENTIAL ARCHIVAL DEPOSITORY TO HOUSE AND PRESERVE DOCUMENTS, PAPERS AND OTHER MEMORABILIA OF PRESIDENT GEORGE W. BUSH AND PROMOTE AND OPERATE THE GEORGE W. BUSH PRESIDENTIAL CENTER AND INSTITUTE. FORM 990, PART III, LINE 1: THE FOLLOWING ARE THE PURPOSES FOR WHICH THE CORPORATION IS ORGANIZED: (I) TO ENDOW A PRESIDENTIAL ARCHIVAL DEPOSITORY, AS DEFINED BY SECTION 2101(1) OF TITLE 44 OF THE UNITED STATES CODE ANNOTATED, IN AN AMOUNT REQUIRED BY SUBSECTION (G) OF SECTION 2112 OF TITLE 44 OF THE UNITED STATES CODE ANNOTATED, TO HOUSE AND PRESERVE AT THE GEORGE W. BUSH PRESIDENTIAL LIBRARY AND MUSEUM THE BOOKS, DOCUMENTS, PAPERS, PICTURES, PHOTOGRAPHS, AND OTHER MEMORABILIA OF PRESIDENT GEORGE W. BUSH, AS WELL AS OTHER OBJECTS OR MATERIALS RELATED TO THE PAPERS OR EVENTS OF THE OFFICIAL OR PERSONAL LIFE OF PRESIDENT BUSH THAT HAVE HISTORICAL OR COMMEMORATIVE VALUE, AND TO UNDERTAKE AND SUPPORT RESEARCH AND EDUCATIONAL ACTIVITIES ON POLICY AND HISTORICAL ISSUES RELATED TO THE LIFE AND WORK OF PRESIDENT BUSH THEREBY PROMOTING SUCH LIBRARY AND MUSEUM. (II) TO MAINTAIN A FUND OR FUNDS OF REAL OR PERSONAL PROPERTY, OR BOTH, AND (SUBJECT TO THE RESTRICTIONS AND LIMITATIONS HEREINAFTER SET FORTH) TO EXPEND OR DISTRIBUTE THE WHOLE OR ANY PART OF THE INCOME OR PRINCIPAL THEREOF EXCLUSIVELY FOR THE PROMOTION OR OPERATION OF THE GEORGE W. BUSH PRESIDENTIAL LIBRARY AND MUSEUM AND THE GEORGE W. BUSH INSTITUTE. THE BUSH INSTITUTE DEVELOPS LEADERS, ADVANCES POLICY, AND TAKES ACTION TO SOLVE TODAY'S MOST PRESSING CHALLENGES. (III) TO PROMOTE LIBRARIES. (IV) TO PERFORM ANY OTHER RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL ACTIVITIES THAT PROMOTE THE FOREGOING PURPOSES. THE CORPORATION PLEDGES ALL OF ITS ASSETS FOR USE IN PERFORMING THESE PURPOSES. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF DIRECTORS SHALL CREATE AN EXECUTIVE COMMITTEE OF THE BOARD CONSISTING OF THE CHAIR OF THE BOARD OF DIRECTORS, THE PRESIDENT OF SMU, THE PRESIDENT OF THE FOUNDATION, AND TWO OTHER MEMBERS OF THE BOARD OF DIRECTORS. A QUORUM FOR THIS EXECUTIVE COMMITTEE FOR DECISIONS SHALL REQUIRE THE CHAIR OF THE BOARD OF DIRECTORS, THE PRESIDENT OF SMU AND ONE OTHER MEMBER OF THE BOARD OF DIRECTORS SERVING ON THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL HAVE THE AUTHORITY TO ACT ON BEHALF OF THE CORPORATION IN BETWEEN REGULAR MEETINGS OF THE BOARD OF DIRECTORS. EXCEPT TO THE EXTENT AUTHORITIES OF THE BOARD OF DIRECTORS ARE DELEGATED TO THE EXECUTIVE COMMITTEE BY A DULY PASSED RESOLUTION OF THE BOARD OF DIRECTORS, THE BOARD OF DIRECTORS MUST VALIDATE THE ACTIONS OF THE EXECUTIVE COMMITTEE AT ITS NEXT REGULAR OR SPECIAL MEETING. ANY SUCH ACTION REQUIRING VALIDATION WHICH IS NOT SO VALIDATED WILL NOT BE LEGALLY BINDING ON THE CORPORATION. THE CHAIR OF THE BOARD OF DIRECTORS SHALL ACT AS CHAIR OF THE EXECUTIVE COMMITTEE. ALL DECISIONS OF THE EXECUTIVE COMMITTEE SHALL BE BY A MAJORITY VOTE OF THOSE PRESENT. FORM 990, PART VI, SECTION A, LINE 2 (1) DR. R. GERALD TURNER, LAURA W. BUSH, RAY L. HUNT, JEANNE L. PHILLIPS AND KELLY COMPTON: BUSINESS RELATIONSHIP, (2) JEANNE L. PHILLIPS AND RAY L. HUNT: BUSINESS RELATIONSHIP, (3) DR. R. GERALD TURNER AND RAY L. HUNT: BUSINESS RELATIONSHIP, (4) LAURA BUSH AND HENRY HAGER: FAMILY RELATIONSHIP FORM 990, PART VI, SECTION A, LINE 7A BY VIRTUE OF THEIR OFFICES, THE PRESIDENT OF THE CORPORATION AND THE PRESIDENT OF SOUTHERN METHODIST UNIVERSITY ("SMU") EACH SHALL SERVE AS A DIRECTOR. SMU HAS THE RIGHT TO DESIGNATE ONE OR MORE PERSON(S) TO SERVE AS A DIRECTOR OF THE CORPORATION IN ACCORDANCE WITH A GOVERNANCE AGREEMENT BETWEEN THE CORPORATION AND SMU, SUBJECT TO OBJECTION RIGHTS OF THE CORPORATION'S CHAIR. FORM 990, PART VI, SECTION B, LINE 11B THE CORPORATION HIRES AN INDEPENDENT ACCOUNTING FIRM TO PREPARE AND REVIEW THE CORPORATION'S FORM 990 BASED ON INFORMATION PROVIDED BY THE CORPORATION'S ACCOUNTING STAFF. A COPY OF THE FORM 990 IS PROVIDED TO THE CORPORATION'S PRESIDENT, SECRETARY, CHIEF FINANCIAL OFFICER, AND LEGAL COUNSEL FOR INITIAL REVIEW. A COPY OF THE FORM 990 IS THEN PROVIDED TO ALL BOARD MEMBERS FOR A FINAL REVIEW PRIOR TO BEING FILED WITH THE INTERNAL REVENUE SERVICE AND CERTAIN STATE REPORTING AGENCIES. FORM 990, PART VI, SECTION B, LINE 12C IN ACCORDANCE WITH THE CORPORATION'S CONFLICT OF INTEREST POLICY, EACH DIRECTOR, PRINCIPAL OFFICER, AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS ANNUALLY SIGNS A STATEMENT WHICH AFFIRMS THAT SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, HAS AGREED TO COMPLY WITH THE POLICY, AND UNDERSTANDS THE CORPORATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION MUST ENGAGE PRIMARILY IN ACTIVITIES, WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION FOR THE PRESIDENT AND CEO IS APPROVED BY THE BOARD OF DIRECTORS DURING THE EXECUTIVE SESSION OF BOARD MEETINGS. A MANAGEMENT CONSULTING FIRM PROVIDES MARKET COMPENSATION DATA TO THE BOARD FOR ITS USE IN MAKING THESE COMPENSATION DECISIONS. THE COMPENSATION OF THE OTHER KEY EMPLOYEES IS DETERMINED BY THE PRESIDENT OF THE FOUNDATION. IN ADDITION, SALARY SURVEYS ARE ROUTINELY COMPLETED BY AN EXTERNAL COMPENSATION CONSULTANT TO ESTABLISH SALARY RANGES FOR EACH POSITION IN THE CORPORATION BASED ON COMPARABLE POSITIONS AT COMPARABLE ORGANIZATIONS. BOARD DECISIONS REGARDING THE COMPENSATION OF THE CEO ARE COMMUNICATED BY THE CHAIR TO THE TREASURER FOR EXECUTION. THE DOCUMENTATION FOR ALL OTHER COMPENSATION DETERMINATIONS IS RETAINED BY THE HUMAN CAPITAL DEPARTMENT. FORM 990, PART VI, SECTION C, LINE 19 THE CORPORATION COMPLIES WITH VARIOUS STATE CHARITABLE ORGANIZATION REPORTING REQUIREMENTS BY PROVIDING, WHEN REQUIRED, A COPY OF THE ANNUAL AUDITED FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND THE FORM 990. THE STATES MAKE THE FILED INFORMATION AVAILABLE TO THE PUBLIC. THE AUDITED FINANCIAL STATEMENTS, FORM 990, FORM 1023, CONFLICT OF INTEREST POLICY AND FORM 990-T ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, LINE 4: BYLAWS WERE AMENDED IN 2021 TO ADD THE DIRECTOR EMERITUS DESIGNATION BASED ON THE RECOMMENDATION OF THE NOMINATING AND GOVERNANCE COMMITTEE. FORM 990, PART IX, LINE 11G A/V TECHNICIAN SERVICES: PROGRAM SERVICE EXPENSES 183. MANAGEMENT AND GENERAL EXPENSES 11,961. FUNDRAISING EXPENSES 68. TOTAL EXPENSES 12,212. CONTENT/WRITING SERVICES: PROGRAM SERVICE EXPENSES 315,237. MANAGEMENT AND GENERAL EXPENSES 5,000. FUNDRAISING EXPENSES 1. TOTAL EXPENSES 320,238. DESIGN SERVICES: PROGRAM SERVICE EXPENSES 89,703. MANAGEMENT AND GENERAL EXPENSES 3,420. FUNDRAISING EXPENSES 6,600. TOTAL EXPENSES 99,723. FACULTY/SPEAKERS/FACILITATORS: PROGRAM SERVICE EXPENSES 1,287,140. MANAGEMENT AND GENERAL EXPENSES 40,477. FUNDRAISING EXPENSES 42,360. TOTAL EXPENSES 1,369,977. LANDSCAPE SERVICES: PROGRAM SERVICE EXPENSES 437,144. MANAGEMENT AND GENERAL EXPENSES 8,630. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 445,774. PHOTOGRAPHY, VIDEOGRAPHY & VIDEO PRODUCTION SERVICES: PROGRAM SERVICE EXPENSES 22,009. MANAGEMENT AND GENERAL EXPENSES 886. FUNDRAISING EXPENSES 22,357. TOTAL EXPENSES 45,252. RESEARCH & EVALUATION SERVICES: PROGRAM SERVICE EXPENSES 1,095,850. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,095,850. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 834. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 76,665. TOTAL EXPENSES 77,499.