2021-10-06T09:26:01-05:00 2020-12-31 910189318 MOSS ADAMS LLP 6565 AMERICAS PARKWAY NE STE 600 ALBUQUERQUE NM 87110 990 2020-01-01 850437114 GEORGIA O'KEEFFE MUSEUM GEOR 5059461000 217 JOHNSON STREET SANTA FE NM 87501 CODY HARTLEY MUSEUM DIRECTOR 5059461000 2021-10-05 1 CODY HARTLEY 999009999 PAMELA ALEXANDERSON P01218925 5058787200 2021-10-05 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z CODY HARTLEY 217 JOHNSON STREET SANTA FE NM 87501 18188254 0 X WWW.OKEEFFEMUSEUM.ORG X 1995 NM WE CULTIVATE MEANINGFUL, AUTHENTIC EXPERIENCES INSPIRED BY THE LIFE, WORK AND WORLD OF GEORGIA O'KEEFFE. 23 23 115 29 97850 0 2219928 4081608 2810803 348084 10801059 3977970 1411417 387414 17243207 8795076 70690 8000 0 0 5597315 5446219 68000 92000 1173232 3922553 2525285 9658558 8071504 7584649 723572 149654666 164315725 9150080 9378578 140504586 154937147 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 5242212 8000 1324074 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. 5242212 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 0 0 1 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 53 0 1 115 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 23 23 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 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 2.30 1.00 X X 0 0 0 JACK KINZIE TRUSTEE/IMMEDIATE PAST PRES. (THROUGH JULY 2020) 2.30 1.00 X 0 0 0 ROXANNE DECYK TRUSTEE/PAST CHAIR (THROUGH JULY 2020) 2.30 1.00 X 0 0 0 RONALD BALSER TRUSTEE 2.30 1.00 X 0 0 0 KATHLEEN CLARKE TRUSTEE (THROUGH DEC 2020) 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 JOHN MARION TRUSTEE 2.30 X 0 0 0 GARY 'SKIP' POLINER TRUSTEE (THROUGH NOV 2020) 2.30 X 0 0 0 RAYMOND KRUEGER TRUSTEE 2.30 X 0 0 0 JOANNA LERNER TOWNSEND 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 KRISTINA VAN DYKE FORT 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 DONNA KINZER 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 CODY HARTLEY MUSEUM DIRECTOR 40.00 5.00 X 262891 0 20068 TABITHA MCMAHON DIRECTOR OF FINANCE (THROUGH AUG 2020) 40.00 5.00 X 154696 0 13646 COLLEEN KELLY DELAY SR DIR, ADVANCEMENT & COMMUNICATIONS 40.00 X 186209 0 33304 BENJAMIN FINBERG SENIOR DIRECTOR OF OPERATIONS 40.00 X 157225 0 23571 ELIZABETH NEELY CURATOR OF THE DIGITAL EXPERIENCE 40.00 X 119923 0 14691 SYLVIA LAROCQUE DIRECTOR OF HR 40.00 X 123652 0 9981 DALE KRONKRIGHT HEAD OF CONSERVATION 40.00 X 106301 0 22572 1110897 0 137833 7 0 1 0 TOM HENNES INC DBA THINC DESIGN 110 WALL STREET 2ND FLOOR NEW YORK NY 10005 EXHIBITION DESIGN FIRM 775215 GLUCKMAN TANG 250 HUDSON STREET NEW YORK NY 10013 SCHEMATIC DESIGN CONSULTANT - ARCHITECT 491337 DAIKIN APPLIED 24827 NETWORK PLACE CHICAGO IL 60673 HVAC CONTRACTOR 134900 ROBERT HALF MANAGEMENT RESOURCES PO BOX 743295 LOS ANGELES CA 900743295 MANAGEMENT CONSULTING COMPANY 107228 REED-HILDERBRAND LLC 130 BISHOP ALLEN DRIVE 3 CAMBRIDGE MA 02139 LANDSCAPE ARCHITECT 100040 5 236720 1090923 2753965 86444 4081608 ADMISSIONS 900099 240070 240070 RIGHTS AND REPRODUCTIONS 900099 67703 67703 TOURS 900099 30515 30515 PROGRAM FEES 900099 6100 6100 PHOTOGRAPHY- CURATORIAL 900099 2657 2657 1039 1039 348084 2459058 2459058 1747 1747 9151032 1524387 8320293 836214 830739 688173 1518912 688173 830739 580646 236671 343975 240180 103795 SHARED SERVICES REIMBURSEMENT 900099 25360 25360 PASSTHRU FROM PARTNERSHIP INCOME 900099 -5945 -5945 22277 22277 41692 8795076 1324074 97850 3291544 8000 8000 451301 132346 253946 65009 4022260 2696359 662633 663268 106134 69280 14417 22437 564237 401496 58966 103775 302287 208075 49293 44919 129711 129711 56618 56618 92000 92000 100000 100000 388543 355165 33378 89499 89499 213008 121326 46158 45524 181275 120575 21009 39691 428112 361429 48508 18175 65178 44162 13558 7458 460834 362936 75517 22381 211728 189070 17478 5180 SUPPLIES 116233 98708 10531 6994 MAINTENANCE AND REPAIRS 53449 42795 8218 2436 31097 30490 607 8071504 5242212 1656060 1173232 12781 10747 1024813 801666 1005955 1769066 52134 32216 330532 420736 329554 318345 10145763 5317886 9027821 4827877 121142991 133915383 16728085 22219689 149654666 164315725 667547 688970 8482533 8689608 9150080 9378578 X 98033853 106284791 42470733 48652356 140504586 154937147 149654666 164315725 X 723572 13849993 -141004 X 0 1 X 1 0 X 4981455 4638488 1785982 2219928 4081608 17707461 4981455 4638488 1785982 2219928 4081608 17707461 6563892 11143569 1772733 2211107 2214466 2800738 2460805 11459849 31746 24461 53485 0 109692 76054 88664 90000 254718 29531720 15401225 0.37730 0.36400 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2016 AMOUNT: $ 76,054. 2017 AMOUNT: $ 88,664. 2018 AMOUNT: $ 90,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 114429639 5337586 9546378 2273218 127040385 99660027 2557302 13380685 1168375 114429639 100660767 9618961 17576616 28196317 99660027 83754442 6530907 10995419 620000 100660767 80401924 1338745 6058178 4044405 83754442 0.61700 0.38300 0 0 1104800 1104800 8308733 4853095 3455638 732230 464791 267439 4827877 REAL ESTATE FUNDS 22219689 F 22219689 DUE TO THE O'KEEFFE MUSEUM FOUNDATION 8689608 8689608 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 REQUIRED TO ASSURE FULL DOCUMENTATION, AND THE PROVISION OF SAFE AND SECURE, CLIMATE CONTROLLED STORAGE AND MUSEUM SPACES. THE AMOUNT OF DIRECT CARE DURING 2020 WAS $423,354. 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 2020 AND 2019, THE MUSEUM DEACCESSIONED ARTWORK WHICH WAS SUBSEQUENTLY SOLD FOR APPROXIMATELY $58,333 AND 616,833, RESPECTIVELY. THE MUSEUM PURCHASED ARTWORK FOR $143,793 DURING 2020. NO ARTWORK WAS PURCHASED DURING 2019. 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. 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). THE FINANCIAL ACCOUNTING STANDARDS BOARD (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, 2020 AND 2019, 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 0 0 INVESTMENTS 8927440 0 0 0 0 0 0 8927440 0 8927440 1 0 0 0 0 0 PART III ACCOUNTING METHOD: X X X X X 1 ALEXANDER HAAS 3520 PIEDMONT ROAD NE SUITE 450 ATLANTA GA 30305 FUNDRAISING CONSULTANT 0 0 92000 -92000 92000 -92000 CA CO FL GA ID MD NM NY OH TX WI SCHEDULE G, PART I, LINE 2B, COLUMN (V) THE PROFESSIONAL FUNDRAISER IS A PAID CONSULTANT TO THE ORGANIZATION AND IS PAID COMPENSATION ACCORDING TO A WRITTEN AGREEMENT WHICH INCLUDES EXPENSE REIMBURSEMENTS. 1 INTERN STIPENDS 1 8000 PART I, LINE 2: EACH GRANT IS GIVEN A PROJECT CODE. WHEN EXPENDITURES OCCUR RELATED TO THAT PROJECT, THE PROJECT CODE IS RECORDED IN CONJUNCTION WITH THE EXPENDITURE. EACH MONTH THE DIRECTOR IN CHARGE OF THE PROJECT REVIEWS THE EXPENSES CODED TO THE PROJECT TO DETERMINE THE ELIGIBILITY WITH THE GRANT. THE PROJECT REPORT IS THEN USED TO FULFILL ANY GRANT REPORTING REQUIREMENTS. X X 0 0 0 0 0 0 0 1 0 CODY HARTLEY MUSEUM DIRECTOR 262891 0 0 0 0 0 10699 0 9369 0 282959 0 0 0 COLLEEN KELLY DELAY SR DIR, ADVANCEMENT & COMMUNICATIONS 186209 0 0 0 0 0 7914 0 25390 0 219513 0 0 0 BENJAMIN FINBERG SENIOR DIRECTOR OF OPERATIONS 157225 0 0 0 0 0 6554 0 17017 0 180796 0 0 0 TABITHA MCMAHON DIRECTOR OF FINANCE (THROUGH AUG 202 154696 0 0 0 0 0 0 0 13646 0 168342 0 0 0 PART I, LINE 7 BONUS PAYMENTS ARE AWARDED AND APPROVED BY THE BOARD FOR MEETING GOALS. NO BONUSES WERE AWARDED IN 2020. X 4 X 4 86444 MARKET VALUE 0 0 1 0 PART I, LINE 33: THE WORKS OF ART RECEIVED WERE ADDED TO THE 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 DIRECTOR OF FINANCE REVIEW THE FORM 990 FIRST. THEN IT IS REVIEWED BY THE FINANCE AND AUDIT COMMITTEE PRIOR TO FILING WITH THE IRS. 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. 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 -143,793. PLEDGE IMPAIRMENT 2,789. 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 0 0 0 1 1 0 1 1 1 PAYABLE TO THE O'KEEFFE MUSEUM FOUNDATION E 8689608 BALANCE SHEET PAYABLE