2021-05-13T14:00:10-05:00 2020-06-30 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2019-07-01 136146854 THE JEWISH MUSEUM JEWI 2124233200 1109 FIFTH AVENUE NEW YORK NY 10128 DAVID RUBENSTEIN DEP. DIR. OF FIN. & ADMIN. 2124233200 2021-05-13 1 SCOTT THOMPSETT P00741490 2125990100 2019 2022-09-23 18:48:47Z CLAUDIA GOULD 1109 FIFTH AVENUE NEW YORK NY 10128 63859836 0 X WWW.THEJEWISHMUSEUM.ORG X 1952 NY THE MISSION OF THE JEWISH MUSEUM IS TO COLLECT, PRESERVE, EXHIBIT AND INTERPRET JEWISH ART. 34 33 235 134 -29401 -30901 22095297 14616843 1749531 1485572 3153516 1859772 -963069 -1211349 26035275 16750838 0 0 0 0 12156800 12490433 120737 94317 3813393 9604949 9048589 21882486 21633339 4152789 -4882501 140019611 144529324 3502348 9642965 136517263 134886359 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 7700351 2667481 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. 5461158 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. 13161509 1 1 0 1 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 1 176 0 1 235 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 34 33 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ NY X DAVID RUBENSTEIN 2124233200 1109 FIFTH AVENUE NEW YORK NY 10128 X CLAUDIA GOULD HELEN GOLDSMITH MENSCHEL DIRECTOR 40.00 X 580400 0 29802 RUTH BEESCH SR DEPUTY DIR, PROG. & STRAT. INIT. 40.00 X 251188 0 31700 ALFREDO LAZARTE SENIOR DIRECTOR OF OPERATIONS 40.00 X 193362 0 52846 JOSEPH RORECH - DEP DIR OF FIN & ADMIN THRU 12/31/2019 40.00 X 196768 0 42263 DARSIE ALEXANDER SUSAN & ELIHU ROSE CHIEF CURATOR 40.00 X 224314 0 0 ELYSE BUXBAUM - DEP DIR OF DEVELOPMENT THRU 11/27/2019 40.00 X 195355 0 15607 LINDA PADAWER SR DIRECTOR OF SPECIAL EVENTS 40.00 X 150653 0 39146 JOSHUA FREEMAN DIRECTOR OF I.T. THRU 11/18/2019 40.00 X 147785 0 41099 CINDY CAPLAN CHIEF COUNSEL & TALENT OFFICER 40.00 X 170980 0 13657 SARAH SUPCOFF DEP. DIR. OF MARKETING & COMM. 40.00 X 166445 0 13446 ROBERT A PRUZAN CHAIRMAN 5.00 X X 0 0 0 STEPHEN M SCHERR PRESIDENT 5.00 X X 0 0 0 JEANETTE LERMAN VICE CHAIRMAN 2.00 X X 0 0 0 BETTY LEVIN VICE CHAIRMAN 2.00 X X 0 0 0 BENJAMIN WINTER VICE CHAIRMAN 2.00 X X 0 0 0 JONATHAN CRYSTAL VICE CHAIRMAN 2.00 X X 0 0 0 DAVID L RESNICK TREASURER 2.00 X X 0 0 0 HARRIET SCHLEIFER SECRETARY 2.00 X X 0 0 0 AUDREY WILF ASSISTANT TREASURER 2.00 X X 0 0 0 JANE WILF ASSISTANT SECRETARY 2.00 X X 0 0 0 SHARI ARONSON BOARD MEMBER 1.00 X 0 0 0 GAIL A BINDERMAN BOARD MEMBER 1.00 X 0 0 0 WENDY FISHER BOARD MEMBER 1.00 X 0 0 0 NOMI P GHEZ BOARD MEMBER 1.00 X 0 0 0 ALICE GOTTESMAN BOARD MEMBER 1.00 X 0 0 0 VIRGINIA KAMSKY BOARD MEMBER 1.00 X 0 0 0 CAROL SCHAPIRO KEKST BOARD MEMBER 1.00 X 0 0 0 JONATHAN KRANE BOARD MEMBER 1.00 X 0 0 0 MALCOLM LEVINE BOARD MEMBER 1.00 X 0 0 0 ANDREW E LEWIN BOARD MEMBER 1.00 X 0 0 0 GUSTAVE K LIPMAN BOARD MEMBER 1.00 X 0 0 0 PHYLLIS MACK BOARD MEMBER 1.00 X 0 0 0 AARON MALINSKY BOARD MEMBER 1.00 X 0 0 0 MAHNAZ MOINIAN BOARD MEMBER 1.00 X 0 0 0 JOSHUA NASH BOARD MEMBER 1.00 X 0 0 0 STEVE NOVENSTEIN BOARD MEMBER 1.00 X 0 0 0 MARGARET STREICKER BOARD MEMBER 1.00 X 0 0 0 MICHAEL RUBINOFF BOARD MEMBER 1.00 X 0 0 0 JOHN SHAPIRO BOARD MEMBER 1.00 X 0 0 0 AMY ROSE SILVERMAN BOARD MEMBER 1.00 X 0 0 0 JAMES A STERN BOARD MEMBER 1.00 X 0 0 0 SANDER LEVY BOARD MEMBER AS OF 02/05/2020 1.00 X 0 0 0 DAVID E SHAPIRO BOARD MEMBER AS OF 04/20/2020 1.00 X 0 0 0 STEVEN TULIP BOARD MEMBER AS OF 04/20/2020 1.00 X 0 0 0 SUSAN FEINSTEIN BOARD MEMBER THRU 06/16/2020 1.00 X 0 0 0 AMANDA HURST HIRSH BOARD MEMBER THRU 06/16/2020 1.00 X 0 0 0 DAVID RUBENSTEIN - DEP DIR OF FIN. & ADMIN. AS OF 01/15/2020 40.00 X 0 0 0 2277250 0 279566 21 0 1 0 FRESH MEADOW MECHANICAL CORP 6501 FRESH MEADOW LANE FRESH MEADOWS NY 11365 HVAC SERVICES 591817 PENTAGON PROTECTION & INVES INC PO BOX 0008 LYNBROOK NY 11563 SECURITY SERVICES 541260 MASTERPIECE INTERNATIONAL LTD 39 BROADWAY 14TH FLOOR NEW YORK NY 10006 COURIER SERVICES 253608 JACOBSON & COMPANY INC 1079 E GRAND STREET ELIZABETH NJ 07201 CONSTRUCTION SERVICES 243129 UOVO LLC QUEENS PLAZA 41-4 22ND ST LONG ISLAND CITY NY 11101 ART STORAGE 224989 14 1754306 695565 12166972 207725 14616843 MEMBERSHIPS 712110 812107 812107 ADMISSIONS 712110 559311 559311 FILM PROCEEDS 712110 62099 62099 GROUP FEES/PROGRAM FEES 712110 52055 52055 1485572 1332465 -29401 1361866 66698 13384 53314 53314 53314 44929769 44402462 527307 527307 527307 125500 1754306 692510 -567010 -567010 1181909 2000642 -818733 -818733 CAFE REVENUE 712110 101599 101599 ALL OTHER REVENUE 712110 19481 19481 121080 16750838 666839 -29401 1496557 1316787 890011 191957 234819 107500 72659 15671 19170 8333774 5222234 903279 2208261 414201 237855 98059 78287 1400260 808578 304872 286810 917911 431743 355264 130904 37887 37887 101237 101237 5000 5000 94317 94317 1010480 1010480 1154311 824211 315791 14309 251436 176813 24792 49831 1085613 667968 261118 156527 272435 74571 196851 1013 478279 350261 69641 58377 190599 118925 27570 44104 599 237 60 302 57657 57657 2073952 1477487 350217 246248 201360 121267 66671 13422 SHIPPING 598903 562092 5631 31180 TEMP. HELP 396220 280614 74610 40996 STORAGE RENTAL 288662 283529 5133 EXHIBITION LOAN FEES 284795 284711 84 559164 270743 183989 104432 21633339 13161509 4658437 3813393 9100 8186 2501105 6393360 6411896 7363548 742398 778971 0 0 0 0 0 0 719649 793064 640453 1046757 61534538 42702701 20145366 18831837 56415406 52048318 52434238 57265283 0 0 0 0 0 0 140019611 144529324 2474633 2509974 0 0 27715 25764 0 0 0 0 0 0 1000000 5000000 0 0 0 2107227 3502348 9642965 X 58566949 54308891 77950314 80577468 136517263 134886359 140019611 144529324 X -4882501 3571025 -319428 X 0 1 X 1 0 X 9047739 12965372 14527753 22095297 14616843 73253004 9047739 12965372 14527753 22095297 14616843 73253004 5099848 68153156 925192 898113 989722 1493803 1399163 5705993 371639 528880 507417 325902 246580 1980418 80939415 15008814 0.84200 0.84630 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SPECIAL EVENT INCOME - 2015 AMOUNT: $ 167,550. 2016 AMOUNT: $ 173,080. 2017 AMOUNT: $ 176,235. 2018 AMOUNT: $ 176,750. 2019 AMOUNT: $ 125,500. TRAVELING EXHIBITION FEES - 2015 AMOUNT: $ 44,000. 2016 AMOUNT: $ 38,500. CATALOG REVENUE - 2017 AMOUNT: $ 26,117. ALL OTHER REVENUE - 2015 AMOUNT: $ 117,724. 2016 AMOUNT: $ 85,505. 2017 AMOUNT: $ 122,063. 2018 AMOUNT: $ 36,666. 2019 AMOUNT: $ 19,481. CAFE REVENUE - 2015 AMOUNT: $ 42,365. 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 0 0 0 0 0 0 0 0 1 5000 5000 0 PART II-B, LINE 1: THE JEWISH MUSEUM DOES NOT TRADITIONALLY INCUR LOBBYING EXPENDITURES; HOWEVER, IN FISCAL 2020, THE MUSEUM PAID A THIRD PARTY CONSULTANT $5,000 TO CONSULT ON A NEW YORK CITY REAL PROPERTY ISSUE PERTAINING TO ITS BUILDING'S "LANDMARK" STATUS. X X X X 0 112306191 1025000 4366101 9769277 107928015 110860165 5305000 2595149 6454120 112306194 109244712 7320348 5882895 110682165 96991967 352500 18014356 5936111 109422712 111695723 22500 -9096400 5629856 96991967 0.38570 0.61430 0 0 883750 883750 4063176 1807849 2255327 35605891 24444966 11160925 9622981 8662601 960380 11358740 7787285 3571455 18831837 LIMITED PARTNERSHIPS 23513356 F HEDGE FUNDS 33751927 F 57265283 PAYROLL PROTECTION PROGRAM FORGIVABLE LOAN 2107227 2107227 X 20555067 3571025 2014026 5585051 14970016 1010480 770342 1780822 16750838 21866543 2014026 2014026 19852517 1010480 770342 1780822 21633339 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 RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF SUCH POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. THE MUSEUM BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS AND DOES NOT HAVE ANY MATERIAL UNRELATED BUSINESS INCOME TAX LIABILITY FOR THE YEARS ENDED JUNE 30,2020 OR 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF RENTAL EXPENSES TO PART VIII, LINE 6B: 13,384. RECLASS OF COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B: 2,000,642. PART XI, LINE 4B - OTHER ADJUSTMENTS: INDIRECT SPECIAL EVENT EXPENSES WHICH ARE SHOWN ON THE FINANCIAL STATEMENTS AS A REDUCTION TO SPECIAL EVENTS REVENUE: 770,342. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B: 2,000,642. RECLASS OF RENTAL EXPENSES TO PART VIII, LINE 6B: 13,384. PART XII, LINE 4B - OTHER ADJUSTMENTS: INDIRECT SPECIAL EVENT EXPENSES WHICH ARE SHOWN ON THE FINANCIAL STATEMENTS AS A REDUCTION TO SPECIAL EVENTS REVENUE: 770,342. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 33751927 0 0 0 0 0 0 33751927 0 33751927 1 0 1 1 1 0 PART II, LINE 1 ACCOUNTING METHOD: EXPENDITURES ARE REPORTED ON AN ACCRUAL BASIS ACCORDING TO GAAP, CONSISTENT WITH THE JEWISH MUSEUM METHOD OF ACCOUNTING. PART III ACCOUNTING METHOD: 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 DANILLER COMPANY 3724 JEFFERSON STREET SUITE 302 AUSTIN TX 78731 MAIL SOLICITATIONS 0 68322 54309 14013 DCM INC 330 WEST 38TH STREET SUITE 201 NEW YORK NY 10018 PHONE SOLICITATIONS 0 63135 40008 23127 131457 94317 37140 CT NJ NY PURIM BALL 1879806 1754306 125500 120972 178406 25115 368017 1879806 1754306 125500 120972 178406 25115 368017 692510 -567010 X X 1 0 0 0 0 0 0 0 0 CLAUDIA GOULD HELEN GOLDSMITH MENSCHEL DIRECTOR 579655 0 0 0 745 0 11200 0 18602 0 610202 0 0 0 RUTH BEESCH SR DEPUTY DIR, PROG. & STRAT. INIT. 250443 0 0 0 745 0 20300 0 11400 0 282888 0 0 0 ALFREDO LAZARTE SENIOR DIRECTOR OF OPERATIONS 192974 0 0 0 388 0 15937 0 36909 0 246208 0 0 0 JOSEPH RORECH - DEP DIR OF FIN & ADMIN THRU 12/31/2019 196173 0 0 0 595 0 15511 0 26752 0 239031 0 0 0 DARSIE ALEXANDER SUSAN & ELIHU ROSE CHIEF CURATOR 223629 0 0 0 685 0 0 0 0 0 224314 0 0 0 ELYSE BUXBAUM - DEP DIR OF DEVELOPMENT THRU 11/27/2019 194746 0 0 0 609 0 15607 0 0 0 210962 0 0 0 LINDA PADAWER SR DIRECTOR OF SPECIAL EVENTS 150170 0 0 0 483 0 12586 0 26560 0 189799 0 0 0 JOSHUA FREEMAN DIRECTOR OF I.T. THRU 11/18/2019 135021 0 0 0 12764 0 0 0 41099 0 188884 0 0 0 CINDY CAPLAN CHIEF COUNSEL & TALENT OFFICER 170452 0 0 0 528 0 11577 0 2080 0 184637 0 0 0 SARAH SUPCOFF DEP. DIR. OF MARKETING & COMM. 165932 0 0 0 513 0 13446 0 0 0 179891 0 0 0 PART I, LINE 4A JOSHUA FREEMAN, DIRECTOR OF I.T., RECEIVED A SEVERANCE PAYMENT OF $12,281 IN CALENDAR YEAR 2019; THIS AMOUNT IS REFLECTED IN SCHEDULE J, PART II, COLUMN (B)(III). STEVE NOVENSTEIN BOARD MEMBER 231943 BUSINESS TRANSACTION 0 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 12 0 APPRAISAL X COMPUTERS 153 140599 FMV X COMPUTER EQUIPMENT 423 67126 FMV 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. THE MUSEUM RECEIVED A PAYCHECK PROTECTION PROGRAM ("PPP") LOAN OF $2,107,227 WHICH WAS EXCLUSIVELY USED TO HELP THE MUSEUM SUBSIDIZE ITS PAYROLL. THE MUSEUM ANTICIPATES THAT THE ENTIRE PPP LOAN SHALL BE FORGIVEN BY THE SMALL BUSINESS ADMINISTRATION AS THE MUSEUM HAS MET ALL OF THE NECESSARY CRITERIA. 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. FORM 990, PART VII, SECTION A: DEPUTY DIRECTOR OF FINANCE AND ADMINISTRATION, JOSEPH RORECH, RECEIVED A SEVERANCE PAYMENT IN CALENDAR YEAR 2020; THIS PAYMENT WILL BE REPORTED ON THE SUCCEEDING YEAR'S FORM 990. FORM 990, PART XI, LINE 9: MUSEUM ART COLLECTION ITEMS PURCHASED, BUT NOT CAPITALIZED -319,428. 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