2021-05-11T09:33:44-05:00 2020-06-30 341818258 MEADEN & MOORE LTD 1375 EAST NINTH STREET SUITE 1800 CLEVELAND OH 441141790 990 2019-07-01 340714338 CLEVELAND MUSEUM OF NATURAL HISTORY CLEV 2162314600 1 WADE OVAL DRIVE CLEVELAND OH 441061767 SONIA M WINNER PRESIDENT & CEO 2162314600 2021-05-06 1 KAREN B COONEY P00285983 2162413272 2021-05-06 2019 2022-09-23 18:48:47Z SONIA M WINNER 1 WADE OVAL DRIVE CLEVELAND OH 441061767 47029716 0 X WWW.CMNH.ORG X 1920 OH OUR VISION: TO EXPLORE, ENGAGE, AND EMPOWER FOR A BETTER TOMORROW. 39 39 223 281 171192 0 12980922 12677455 3237543 2304482 1680889 2743053 -27400 271363 17871954 17996353 0 0 0 0 9125021 9706019 0 0 3518412 9661955 8994005 18786976 18700024 -915022 -703671 261632750 257415180 14058073 10202530 247574677 247212650 X TO INSPIRE, THROUGH SCIENCE AND EDUCATION, A PASSION FOR NATURE, THE PROTECTION OF NATURAL DIVERSITY, THE FOSTERING OF HEALTH, AND LEADERSHIP TO A SUSTAINABLE FUTURE. 0 0 7152858 888607 DIVISION OF RESEARCH AND COLLECTIONS: THE SCIENTIFIC STAFF WORKING IN THE DIVISION OF R&C ADDED APPROXIMATELY 574 NATURAL HISTORY SPECIMENS TO THE MORE THAN 5 MILLION SPECIMENS AND ARTIFACTS HOUSED IN OUR COLLECTIONS, HOSTED MORE THAN 209 VISITING RESEARCH SCIENTISTS, HOSTED MORE THAN 471 MUSEUM MEMBERS ON BEHIND THE SCENES TOURS OF THE COLLECTIONS AND LABORATORIES, AND RESPONDED TO MORE THAN 781 REQUESTS FOR EXPERTISE THAT RANGED FROM SPECIMEN IDENTIFICATION TO ADVICE ON ANIMALS IN THEIR BACKYARD. THE STAFF PUBLISHED 48 SCIENTIFIC DOCUMENTS IN REPORT FORMAT OR IN PEER-REVIEWED JOURNALS. THE STAFF PARTICIPATED IN OR HELPED ORGANIZE PUBLIC PROGRAMS THAT LED TO MORE THAN 242 DIRECT INTERACTIONS BETWEEN THE MUSEUM'S RESEARCH STAFF AND THE PUBLIC. THE DIVISION HAS UNDERTAKEN A LARGE EFFORT TO DIGITIZE ALL OF ITS MILLIONS OF COLLECTION OBJECTS IN ORDER TO MAKE THESE IMPORTANT SPECIMENS AVAILABLE TO THE PUBLIC AS PRIMARY RECORDS OF LIFE ACROSS TIME AND SPACE OR IMAGES. THE DIVISION CONDUCTED EXTENSIVE FIELD RESEARCH ACROSS NORTHERN OHIO, THE GREAT LAKE REGIONS, AFRICA, AND CANADA, ALL OF WHICH SUPPORT CONSERVATION EFFORTS AND BUILD A DEEPER UNDERSTANDING OF THE NATURAL WORLD. NUMEROUS SCIENTIFIC DISCOVERIES INCLUDE THE DISCOVERY OF NEW HOMININ SPECIMEN THAT TRANSFORMED OUR UNDERSTANDING OF EARLY HUMAN EVOLUTION, A MAJOR WORK ON THE TAXONOMY OF SOUTH AMERICAN PRAYING MANTISES, AND NEW DATA ON AVIAN HYBRIDS. 2799885 347832 EDUCATION: THE MUSEUM OFFERS UNIQUE LEARNING OPPORTUNITIES INCLUDING HANDS-ON WORKSHOPS, GALLERY DISPLAYS, HEALTH PROGRAMS, PLANETARIUM SHOWS, LIVE ANIMAL PROGRAMS AND SELF-CONDUCTED EXHIBITS, OUTREACH AND AWARD WINNING INTERACTIVE VIDEOCONFERENCING PROGRAMS. THE MUSEUM PROVIDED ON-SITE SCHOOL PROGRAMS FOR 27,599 STUDENTS AND DELIVERED OUTREACH PROGRAMS TO 12,113 STUDENTS AND TEACHERS DURING FISCAL YEAR 2020. THE MUSEUM WAS ALSO ABLE TO ENGAGE 7,022 STUDENTS AND TEACHERS FROM 10 STATES AND 3 COUNTRIES VIA THE INTERACTIVE VIDEOCONFERENCING STUDIOS. FREE ADMISSION WAS PROVIDED TO 8,687 PEOPLE THROUGH FREE DAYS AND THE DISCOVERY PASS PROGRAM. 2806272 348626 EXHIBITS: THE MUSEUM SELF-PRODUCED AND OPENED THE AWARD-WINNING "FOSSIL HUNTERS: THE SEARCH FOR OUR PAST AND HOSTED "ULTIMATE DINOSAURS" IN THE LARGE EXHIBIT SPACE, KAHN HALL. IN THE FAWICK LOBBY GALLERY, THE MUSEUM SELF-PRODUCED AND OPENED "FINDING LUCY: OUR FIRST STEPS IN DISCOVERY." IN ADDITION THE MUSEUM BEGAN A REGULAR ROTATION OF SELF-PRODUCED "POP-UP" EXHIBITS IN WADE LOBBY WHICH INCLUDED "MAMMAL MYSTERIES OF SOUTH AMERICA AND "SHARK IN THE SHALE." 402669 50024 402669 50024 13161684 1 1 0 1 0 0 1 1 0 1 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 64 0 1 223 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 39 39 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OH X X PATRICIA LOHISER 2162314600 1 WADE OVAL DRIVE CLEVELAND OH 441061767 RICHARD AMES STANDING DIRECTOR 1.00 X 0 0 0 A CHACE ANDERSON STANDING DIRECTOR 1.00 X 0 0 0 WILLIAM B BOLTON STANDING DIRECTOR 1.00 X 0 0 0 WINSTON BREEDEN III STANDING DIRECTOR 1.00 X 0 0 0 JAMES R BRIGHT STANDING DIRECTOR 1.00 X 0 0 0 BARBARA BROWN PHD STANDING DIRECTOR 1.00 X 0 0 0 FRAN BUCHHOLZER STANDING DIRECTOR 1.00 X 0 0 0 AMOS H CROWLEY III STANDING DIRECTOR 1.00 X 0 0 0 SUSAN DONLAN STANDING DIRECTOR 1.00 X 0 0 0 DR MICHAEL GALLAGHER STANDING DIRECTOR 1.00 X 0 0 0 JONATHON L GRIMM BOARD CHAIR 1.00 X X 0 0 0 JAMES L HAMBRICK VICE CHAIR 1.00 X X 0 0 0 PETER HELLMAN STANDING DIRECTOR 1.00 X 0 0 0 WILLIAM HLAVIN PHD STANDING DIRECTOR 1.00 X 0 0 0 DONALD INSUL STANDING DIRECTOR 1.00 X 0 0 0 KRISTIE T KOHL STANDING DIRECTOR 1.00 X 0 0 0 G RUSSELL LINCOLN STANDING DIRECTOR 1.00 X 0 0 0 R DOUGLAS MCCREERY SECRETARY 1.00 X X 0 0 0 STEPHEN J MCHALE STANDING DIRECTOR 1.00 X 0 0 0 JUDITH K MCMILLAN STANDING DIRECTOR 1.00 X 0 0 0 MARJORIE L MOORE STANDING DIRECTOR 1.00 X 0 0 0 THOMAS M MORLEY STANDING DIRECTOR 1.00 X 0 0 0 MAYNARD H V MURCH STANDING DIRECTOR 1.00 X 0 0 0 KENNETH OUTCALT STANDING DIRECTOR 1.00 X 0 0 0 THOMAS A PIRAINO STANDING DIRECTOR 1.00 X 0 0 0 CLAIBORNE R RANKIN VICE CHAIR 1.00 X X 0 0 0 ALAYNE REITMAN STANDING DIRECTOR 1.00 X 0 0 0 SALLY Z SEARS STANDING DIRECTOR 1.00 X 0 0 0 JOSEPH M SHAFRAN STANDING DIRECTOR 1.00 X 0 0 0 REGINALD C SHIVERICK STANDING DIRECTOR 1.00 X 0 0 0 FREDERICK G STUEBER STANDING DIRECTOR 1.00 X 0 0 0 BEN VINSON STANDING DIRECTOR 1.00 X 0 0 0 BIZ VOUDOURIS STANDING DIRECTOR 1.00 X 0 0 0 RONALD M VRANICH STANDING DIRECTOR 1.00 X 0 0 0 DR MICHAEL A WEISS STANDING DIRECTOR 1.00 X 0 0 0 LUCY IRELAND WELLER STANDING DIRECTOR 1.00 X 0 0 0 DIANE D CHRIST HONORARY 1.00 X 0 0 0 MARY LOU FERBERT HONORARY 1.00 X 0 0 0 DR RICHARD B FRATIANNE HONORARY 1.00 X 0 0 0 GORDON D KINDER HONORARY 1.00 X 0 0 0 GEORGE R KLEIN HONORARY 1.00 X 0 0 0 PETER J KREMBS HONORARY 1.00 X 0 0 0 THOMAS M LEIDEN HONORARY 1.00 X 0 0 0 JULIEN L MCCALL HONORARY 1.00 X 0 0 0 DAN T MOORE III HONORARY 1.00 X 0 0 0 EDWIN R MOTCH III HONORARY 1.00 X 0 0 0 WILLIAM J O'NEILL JR HONORARY 1.00 X 0 0 0 MARIA TERESA TEJADA HONORARY 1.00 X 0 0 0 THOMAS A TORMEY HONORARY 1.00 X 0 0 0 WILLIAM C MCCOY LIFE DIRECTOR 1.00 X 0 0 0 JANET E NEARY LIFE DIRECTOR 1.00 X 0 0 0 NATHANIEL T SMITH LIFE DIRECTOR 1.00 X 0 0 0 SONIA M WINNER PRESIDENT & CEO 60.00 X 356978 0 14227 KATIE MILLIER EX-OFFICIO, WC PRESIDENT 1.00 X 0 0 0 TIM MARTIN CFO (THROUGH 2/2020) 60.00 X 136480 0 20329 MEENAKSHI SHARMA CSO 60.00 X 129880 0 18997 MELISSA SANTEE CHIEF PHILANTHROPY OFFICER 60.00 X 172679 0 28508 THOMAS CONNORS ADVISOR TO THE CEO 60.00 X 134550 0 19803 DR EVALYN GATES FRMR CEO (THROUGH 12/2017) 0.00 X 176001 0 0 1106568 0 101864 6 1 1 0 PANZICA CONSTRUCTION COMPANY 739 BETA DRIVE MAYFIELD VILLAGE OH 44143 CONSTRUCTION 2853635 DLR GROUP INC 1422 EUCLID AVE SUITE 300 CLEVELAND OH 44115 DESIGN SERVICES 2721773 GALLAGHER & ASSOCIATES LLC 8665 GEORGIA AVE SILVER SPRING MD 20910 CONSULTANT 556380 BROKAW INC 425 WEST LAKESIDE AVE CLEVELAND OH 44113 MARKETING 276557 RHC ENTERPRISES INC 3416 HANOVER DR BRUNSWICK OH 44212 JANITORIAL SERVICES 272664 11 723095 1261172 10693188 12677455 ADMISSIONS 900000 880544 880544 PROGRAM SALES 900099 754545 754545 PARKING 812930 669393 669393 2304482 874525 874525 455272 284080 171192 171192 171192 30617811 28749283 1868528 1868528 1868528 NON-OPERATING INCOME 900099 61184 61184 OTHER INCOME 900099 38987 38987 100171 17996353 1635089 171192 3512617 930487 187140 743347 6923013 5522182 326081 1074750 368293 262482 19773 86038 892347 631440 28041 232866 591879 414315 41432 136132 52412 52412 54550 54550 99667 99667 912376 912376 1045210 756453 22278 266479 326604 184436 81002 61166 578458 226415 60359 291684 567642 403026 45411 119205 761967 650650 32401 78916 262594 245852 3807 12935 251177 251177 2046128 1851141 40550 154437 293700 105683 51106 136911 SUPPLIES & SERVICES 1123667 961510 55326 106831 TEMP EXHIBIT EXPENSE 458048 458048 CATERING 110655 88057 5883 16715 LAND PURCHASES 49150 49150 18700024 13161684 2019928 3518412 5000 5000 19283839 12155847 11539778 11280885 563370 1239767 87045222 26436142 54879885 60609080 145032722 143305025 30328156 28819576 261632750 257415180 1451618 2136220 42849 34686 12500000 7971400 63606 60224 14058073 10202530 X 125264034 122957044 122310643 124255606 247574677 247212650 261632750 257415180 -703671 341644 0 X X 0 1 X 1 0 X 24766715 17820889 17116547 12980922 12677455 85362528 24766715 17820889 17116547 12980922 12677455 85362528 3735692 81626836 899551 1051261 1200433 921539 874525 4947309 90309837 0.90390 0.71010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 99667 99667 18600357 18700024 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 85000 91667 58333 99667 334667 250000 250000 250000 250000 1000000 1500000 X X X 15 2439.00 1 1 1 1000.00 180836 1 X X X 0 141631223 1894037 3203088 6433008 140295340 141124979 344757 6762501 6601014 141631223 129235613 5492500 12585658 6188792 141124979 116968382 962301 17119646 5814716 129235613 122904002 4192952 -4846588 5281984 116968382 0.57000 0.26000 0.17000 0 0 55023825 17766074 37257751 5829849 4812024 1017825 26191548 3858044 22333504 60609080 MONEY MARKET 12743834 F U.S. GOVERNMENT SECURITIES 3639014 F CORPORATE BONDS AND NOTES 5863004 F CORPORATE SECURITIES 9708805 F MUTUAL FUNDS 23255117 F HEDGE FUNDS 15179914 F ALTERNATIVE INVESTMENTS 72915337 F 143305025 DEPOSITS 27579 ASSETS HELD IN TRUST BY OTHERS 28791997 28819576 GIFT ANNUITY PAYABLE 60224 60224 X 17709701 341644 284080 625724 17083977 912376 912376 17996353 18071728 284080 284080 17787648 912376 912376 18700024 PART II, LINE 5: CONSERVATION EASEMENTS THE MUSEUM ROUTINELY PURCHASES LAND FOR CONSERVATION PURPOSES THROUGH ITS NATURAL AREAS PROGRAM. IN KEEPING WITH STANDARD MUSEUM PRACTICE, THESE EXPENDITURES ARE CHARGED AS EXPENSE IN THE STATEMENT OF ACTIVITIES AND ARE CARRIED AT NO VALUE IN THE STATEMENT OF FINANCIAL POSITION OF THE MUSEUM. THE NATURAL AREAS PROGRAM BEGAN IN 1956 AND NOW CURRENTLY PROTECTS MORE THAN 11,000 ACRES (2,439 ACRES ARE UNDER EASEMENT, THE BALANCE IS OWNED OUTRIGHT). THE CENTER FOR CONSERVATION AND BIODIVERSITY UNITES THE MUSEUM'S CONSERVATION AND RELATED ACTIVITIES TO FURTHER THE PROTECTION AND STEWARDSHIP OF THE REGION'S NATIVE BIODIVERSITY. THE CENTER CONDUCTS EXTENSIVE FIELDWORK, IDENTIFIES AND PROTECTS RARE NATURAL COMMUNITIES IN NORTHERN OHIO AND PROVIDES CONSERVATION INFORMATION TO THE COMMUNITY. AS A RESULT OF THE PROGRAMS BEING CONDUCTED RELATED TO THIS WORK, THE TEAM IS PERIODICALLY VISITING ALL OF THE SITES AND MONITORING, INSPECTING AND ENFORCING THE CONSERVATION EASEMENTS HELD BY THE MUSEUM. PART X, LINE 2: ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES: THE MUSEUM FOLLOWS THE PROVISIONS OF FASB ASC 740-10-25 WHICH PRESCRIBES A RECOGNITION THRESHOLD AND A MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FOR THOSE BENEFITS TO BE RECOGNIZED, A TAX POSITION MUST BE MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE AMOUNT RECOGNIZED IS MEASURED AS THE AMOUNT OF BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE MUSEUM RECOGNIZES INTEREST AND PENALTIES ACCRUED, IF ANY, RELATED TO UNRECOGNIZED TAX UNCERTAINTIES IN INCOME TAX EXPENSE. THE MUSEUM DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NET AGAINST INCOME 284,080. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NET AGAINST INCOME 284,080. SCHEDULE D, PART III, LINE 1A NATURAL HISTORY COLLECTIONS IN KEEPING WITH STANDARD MUSEUM PRACTICE, EXPENDITURES FOR LAND AND OTHER COLLECTION ITEMS REQUIRED IN CONNECTION WITH THE MUSEUM'S EXEMPT PURPOSE ARE CHARGED AS EXPENSE IN THE STATEMENTS OF ACTIVITIES AND ARE CARRIED AT NO VALUE ON THE STATEMENTS OF FINANCIAL POSITIONS OF THE MUSEUM. IN ADDITION, DONATIONS OF COLLECTION ITEMS ARE NOT RECOGNIZED AS REVENUE OR EXPENSES IN THE FINANCIAL STATEMENTS. SCHEDULE D, PART III, LINE 4 COLLECTIONS THE MUSEUM'S COLLECTIONS INCLUDE LAND, ARTIFACTS, FOSSILS, ART, TAXIDERMY AND THE LARGEST MODERN HUMAN SKELETAL COLLECTION IN THE WORLD. THESE ASSETS PROVIDE THE BASIS FOR WORLD CLASS RESEARCH, EXPLORATION, EDUCATION AND EXHIBITION PROGRAMS OF THE MUSEUM. SCHEDULE D, PART V, LINE 4 USE OF ENDOWMENT FUNDS THE MUSEUM'S ENDOWMENTS CONSIST OF NUMEROUS FUNDS, ESTABLISHED FOR A VARIETY OF PURPOSES, WHICH HAVE BEEN POOLED TOGETHER FOR INVESTMENT PURPOSES. THE ENDOWMENTS INCLUDE BOTH DONOR-RESTRICTED FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. THROUGH THESE ENDOWMENTS THE MISSION OF THE MUSEUM IS ADVANCED BY SUPPORTING ESTABLISHED EDUCATIONAL PROGRAMS, EXHIBITIONS, STAFF SALARIES AND DEPARTMENTAL EXPENSES AS WELL AS THE GENERAL OPERATIONS OF THE MUSEUM. SCHEDULE D, PART XI, LINE 2A NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS UNREALIZED GAINS AND LOSSES PRESENTED ON LINE 2A INCLUDE INCOME AND LOSS FROM ASSETS HELD IN TRUST BY OTHERS, AS WELL AS UNREALIZED LOSSES ON INVESTMENTS HELD BY THE MUSEUM. X X X X 1 0 0 0 0 0 0 0 0 SONIA M WINNER PRESIDENT & CEO 356978 0 0 0 0 0 14227 0 0 0 371205 0 0 0 TIM MARTIN CFO (THROUGH 2/2020) 136480 0 0 0 0 0 13527 0 6802 0 156809 0 0 0 MELISSA SANTEE CHIEF PHILANTHROPY OFFICER 172679 0 0 0 0 0 14332 0 14176 0 201187 0 0 0 THOMAS CONNORS ADVISOR TO THE CEO 134550 0 0 0 0 0 13281 0 6522 0 154353 0 0 0 DR EVALYN GATES FRMR CEO (THROUGH 12/2017) 176001 0 0 0 0 0 0 0 0 0 176001 0 0 0 PART I, LINE 3 COMPENSATION IS DETERMINED AND APPROVED BY A COMPENSATION COMMITTEE USING COMPETITIVE SALARY INFORMATION FOR THE SAME POSITION AT OTHER ORGANIZATIONS AS WELL AS SALARY SURVEYS. INDEPENDENT COMPARATIVE COMPENSATION INFORMATION IS ALSO OBTAINED FROM THIRD PARTY SOURCES. PART I, LINE 4A A DEFERRED SEVERANCE PAYMENT WAS GRANTED TO DR GATES PAYABLE THROUGH JULY, 2019. X 23 153712 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 FAMILY/BUSINESS RELATIONSHIPS DIRECTORS: DAN MOORE & MARJORIE MOORE (HUSBAND/WIFE) DIRECTOR/STAFF: SALLY SEARS (DIRECTOR) & NATALIE SEARS (STAFF) (MOTHER AND DAUGHTER) STAFF: HARVEY WEBSTER & JESSICA WEBSTER (FATHER AND DAUGHTER) FORM 990, PART VI, SECTION B, LINE 11B PROCESS USED TO REVIEW THE FORM 990 THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA AND REVIEWED IN DETAIL BY MANAGEMENT PRIOR TO PRESENTING TO THE AUDIT COMMITTEE FOR APPROVAL. A COPY OF THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE WITH CONFLICT OF INTEREST POLICY THE CLEVELAND MUSEUM OF NATURAL HISTORY REQUIRES ITS STAFF, TRUSTEES AND COMMITTEE MEMBERS TO SCRUPULOUSLY AVOID ANY CONFLICT BETWEEN THEIR RESPECTIVE PERSONAL, PROFESSIONAL OR BUSINESS INTERESTS AND INTERESTS OF THE MUSEUM, IN ANY AND ALL ACTIONS TAKEN BY THEM ON BEHALF OF THE MUSEUM IN THEIR RESPECTIVE CAPACITIES. IF ANY OFFICER, DIRECTOR, STAFF MEMBER, OR COMMITTEE MEMBER OF THE MUSEUM HAS ANY DIRECT OR INDIRECT INTEREST IN, OR RELATIONSHIP WITH, ANY INDIVIDUAL OR ORGANIZATION THAT PROPOSES TO ENTER INTO ANY TRANSACTION WITH THE MUSEUM, INCLUDING BUT NOT LIMITED TO THE TRANSACTIONS LISTED BELOW, SUCH PERSON SHALL GIVE NOTICE OF SUCH INTEREST OR RELATIONSHIP AND SHALL THEREAFTER REFRAIN FROM DISCUSSING OR VOTING ON THE PARTICULAR TRANSACTION IN WHICH HE/SHE HAS AN INTEREST, OR OTHERWISE ATTEMPTING TO EXERT ANY INFLUENCE ON THE MUSEUM, OR ITS CONSTITUENTS TO AFFECT A DECISION TO PARTICIPATE OR NOT PARTICIPATE IN SUCH TRANSACTION. 1. THE SALE, PURCHASE, LEASE OR RENTAL OF ANY PROPERTY OR OTHER ASSET 2. EMPLOYMENT OR RENDITION OF SERVICES, PERSONAL OR OTHERWISE 3. THE AWARD OF ANY GRANT, CONTRACT OR SUBCONTRACT 4. THE INVESTMENT OR DEPOSIT OF ANY FUNDS OF THE MUSEUM THIS POLICY SHALL NOT BE INTERPRETED TO CHANGE IN ANY WAY THE FIDUCIARY DUTIES IMPOSED ON A TRUSTEE BY OPERATION OF STATUTE AND/OR COMMON LAW. THIS POLICY IS SIGNED ANNUALLY BY THE APPROPRIATE PARTIES AND REVIEWED BY THE GOVERNANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 DETERMINING COMPENSATION OF OTHER OFFICERS OR KEY EMPLOYEES COMPENSATION IS DETERMINED AND APPROVED BY A COMPENSATION COMMITTEE USING COMPETITIVE SALARY INFORMATION FOR THE SAME POSITION AT OTHER ORGANIZATIONS AS WELL AS SALARY SURVEYS. INDEPENDENT COMPARATIVE COMPENSATION INFORMATION IS ALSO OBTAINED FROM THIRD PARTY SOURCES. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS FOR PUBLIC INSPECTION THE ORGANIZATION MAKES ITS CURRENT GOVERNING DOCUMENTS AND CURRENT CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. THE CURRENT AUDITED FINANCIAL STATEMENT IS AVAILABLE TO THE PUBLIC ON THE MUSEUM'S WEBSITE. FORM 990 , PART XII, LINE 2C THE MUSEUM'S AUDIT COMMITTEE WHICH INCLUDES MEMBERS OF THE BOARD AS WELL AS THE CFO AND KEY MEMBERS OF THE FINANCIAL OFFICE PROVIDE OVERSIGHT OF THE AUDIT.