2021-05-14T12:22:53-05:00 2020-06-30 911194016 CLARK NUBER PS 10900 NE 4TH STREET SUITE 1400 BELLEVUE WA 98004 990 2019-07-01 910640788 SEATTLE ART MUSEUM SEAT 2066258900 1300 FIRST AVENUE SEATTLE WA 981012003 CINDY BOLTON CFO 2066258900 2021-05-13 1 SARA ELIZABETH J HYRE P00235495 4254544919 2021-05-13 2019 2022-09-23 18:48:47Z AMADA CRUZ 1300 FIRST AVENUE SEATTLE WA 981012003 71048733 0 X WWW.SEATTLEARTMUSEUM.ORG X 1917 WA TO PROMOTE AND CULTIVATE THE FINE ARTS. 60 60 425 467 158721 0 20795506 31130663 4370653 3300469 2609281 3018544 5523495 4167421 33298935 41617097 0 0 0 0 15576393 17376894 62975 265805 2666398 18384223 19633667 34023591 37276366 -724656 4340731 350276490 355978957 20153817 22570344 330122673 333408613 X FOUNDED IN 1917, THE SEATTLE ART MUSEUM (SAM) CONNECTS ART TO LIFE. AS THE LEADING VISUAL ART INSTITUTION IN THE PACIFIC NORTHWEST, SAM DRAWS ON ITS GLOBAL COLLECTIONS, POWERFUL SPECIAL EXHIBITIONS, NUMEROUS INSTALLATIONS, AND DYNAMIC PROGRAMS TO FULFILL ITS IMPORTANT ROLE AS A CULTURAL AND EDUCATIONAL RESOURCE BENEFITTING THE SEATTLE REGION, THE PACIFIC NORTHWEST, AND BEYOND. FROM A STRONG FOUNDATION OF ASIAN ART TO NOTEWORTHY COLLECTIONS OF AFRICAN AND OCEANIC ART, NORTHWEST COAST NATIVE AMERICAN ART, EUROPEAN AND AMERICAN ART, AND MODERN AND CONTEMPORARY ART, THE STRENGTH OF SAM'S COLLECTION OF APPROXIMATELY 25,000 OBJECTS LIES IN ITS DIVERSITY OF MEDIA, CULTURES, AND TIME PERIODS. WITH THREE LOCATIONS (SEATTLE ART MUSEUM, OLYMPIC SCULPTURE PARK, SEATTLE ASIAN ART MUSEUM), SAM HARNESSES THE POWER OF ART TO ENRICH LIVES AND ENGAGES DIVERSE COMMUNITIES, INCLUDING HUNDREDS OF THOUSANDS OF VISITORS, AS WELL AS THOUSANDS OF SEATTLE-AREA STUDENTS. 0 0 29302451 3764733 MUSEUM SERVICES: PROVIDING A PUBLIC ART MUSEUM INCLUDING THE ACCESSION OF ART OBJECTS AS WELL AS PUBLIC ART EXHIBITIONS AND ART EDUCATION FOR THE GENERAL PUBLIC. MUSEUM PATRONS VISITED THIS YEAR AT THREE DIFFERENT SEATTLE LOCATIONS - THE SEATTLE ART MUSEUM, THE SCULPTURE PARK AND THE ASIAN ART MUSEUM. 29302451 1 1 0 1 0 0 0 1 0 1 1 1 1 1 1 0 0 1 0 0 1 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 1 311 0 1 425 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 60 60 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 WA X CINDY BOLTON 2066258900 1300 FIRST AVENUE SEATTLE WA 98101 KIMERLY RORSCHACH ILLSLEY BALL NORDSTR. DIR. THRU 09/19 30.00 10.00 X 404592 0 20194 CYNTHIA BOLTON CHIEF FINANCIAL OFFICER 30.00 10.00 X 185636 0 13942 CHRIS LANDMAN CHIEF DEVELOPMENT OFFICER 30.00 10.00 X 179783 0 17153 MANISH ENGINEER CHIEF TECHNOLOGY OFFICER 40.00 0.00 X 162513 0 12177 CHIYO ISHIKAWA DEPUTY DIRECTOR OF ART 40.00 0.00 X 139516 0 14263 NICHOLAS DORMAN CHIEF CONSERVATOR 40.00 0.00 X 130243 0 14141 LAUREN MELLON DIRECTOR OF MUSEUM SERVICES 40.00 0.00 X 124978 0 13537 REGAN PRO DEPUTY DIRECTOR OF EDUCATION 40.00 0.00 X 111347 0 12938 AMADA CRUZ ILLSLEY BALL NORDST. DIR. EFF 09/19 30.00 10.00 X 121164 0 1269 STEWART LANDEFELD CHAIRMAN 1.00 1.00 X X 0 0 0 CARLA LEWIS PRESIDENT 1.00 1.00 X X 0 0 0 SUSAN BROTMAN VICE PRESIDENT 1.00 1.00 X X 0 0 0 CHARLES WRIGHT VICE PRESIDENT 1.00 1.00 X X 0 0 0 JON SHIRLEY VICE PRESIDENT 1.00 1.00 X X 0 0 0 STEVE KUTZ TREASURER 1.00 1.00 X X 0 0 0 MAGGIE WALKER SECRETARY 1.00 1.00 X X 0 0 0 JOHN FRANK PAST CHAIRMAN 1.00 1.00 X X 0 0 0 WINNIE STRATTON PAST PRESIDENT 1.00 1.00 X X 0 0 0 MARGARET ALLISON TRUSTEE 1.00 1.00 X 0 0 0 CHERRY MCGEE BANKS TRUSTEE 1.00 1.00 X 0 0 0 WATSON BLAIR TRUSTEE 1.00 1.00 X 0 0 0 BRUCE BLUME TRUSTEE 1.00 1.00 X 0 0 0 CLIFF BURROWS TRUSTEE 1.00 1.00 X 0 0 0 LISA CAPUTO TRUSTEE 1.00 1.00 X 0 0 0 ALEX CEBALLOS TRUSTEE 1.00 1.00 X 0 0 0 MICHAEL CORLISS TRUSTEE 1.00 1.00 X 0 0 0 MARC COSENTINO TRUSTEE 1.00 1.00 X 0 0 0 SHEILA EDWARDS LANGE TRUSTEE 1.00 1.00 X 0 0 0 LISA GOODWIN TRUSTEE 1.00 1.00 X 0 0 0 FELIX HUANG TRUSTEE 1.00 1.00 X 0 0 0 JOHNPAUL JONES TRUSTEE 1.00 1.00 X 0 0 0 ROBERT KAPLAN TRUSTEE 1.00 1.00 X 0 0 0 JANET KETCHAM TRUSTEE 1.00 1.00 X 0 0 0 SYLVIA KETCHAM TRUSTEE 1.00 1.00 X 0 0 0 NAJMA LALJI TRUSTEE 1.00 1.00 X 0 0 0 GARY LOCKE TRUSTEE 1.00 1.00 X 0 0 0 BARBARA MALONE TRUSTEE 1.00 1.00 X 0 0 0 SCOTT MORRIS TRUSTEE 1.00 1.00 X 0 0 0 CHARLIE NOLAN TRUSTEE 1.00 1.00 X 0 0 0 DOUG NORBERG TRUSTEE 1.00 1.00 X 0 0 0 LINDA NORDSTROM TRUSTEE 1.00 1.00 X 0 0 0 SALLY NORDSTROM TRUSTEE 1.00 1.00 X 0 0 0 MICHAEL PARHAM TRUSTEE 1.00 1.00 X 0 0 0 HWA PARK TRUSTEE 1.00 1.00 X 0 0 0 SANJAY PARTHASARATHY TRUSTEE 1.00 1.00 X 0 0 0 MALAN RAMAN TRUSTEE 1.00 1.00 X 0 0 0 CONSTANCE RICE TRUSTEE 1.00 1.00 X 0 0 0 CATHERINE ROCHE TRUSTEE 1.00 1.00 X 0 0 0 LEE ROLFE TRUSTEE 1.00 1.00 X 0 0 0 FAYE SARKOWSKY TRUSTEE 1.00 1.00 X 0 0 0 STAN SAVAGE TRUSTEE 1.00 1.00 X 0 0 0 LAURA SELIPSKY TRUSTEE 1.00 1.00 X 0 0 0 ROBERTA SHERMAN TRUSTEE 1.00 1.00 X 0 0 0 KIM RICHTER SHIRLEY TRUSTEE 1.00 1.00 X 0 0 0 GURSHARAN SIDHU TRUSTEE 1.00 1.00 X 0 0 0 MARY SNAPP TRUSTEE 1.00 1.00 X 0 0 0 VASUNDARA SRENIVAS TRUSTEE 1.00 1.00 X 0 0 0 DENISE STIFFARM TRUSTEE 1.00 1.00 X 0 0 0 ROBERT STRONG TRUSTEE 1.00 1.00 X 0 0 0 INA TATEUCHI TRUSTEE 1.00 1.00 X 0 0 0 LYNN THOMSEN TRUSTEE 1.00 1.00 X 0 0 0 ANDREA THORESON TRUSTEE 1.00 1.00 X 0 0 0 DOUGLAS TRUE TRUSTEE 1.00 1.00 X 0 0 0 MANDIRA VIRMANI TRUSTEE 1.00 1.00 X 0 0 0 BRIAN WINEKE TRUSTEE 1.00 1.00 X 0 0 0 SUSAN WINOKUR TRUSTEE 1.00 1.00 X 0 0 0 CURTIS WONG TRUSTEE 1.00 1.00 X 0 0 0 ANN P WYCKOFF TRUSTEE 1.00 1.00 X 0 0 0 MARTHA WYCKOFF TRUSTEE 1.00 1.00 X 0 0 0 VIRGINIA WRIGHT TRUSTEE THRU 2/20 1.00 1.00 X 0 0 0 1559772 0 119614 16 0 1 0 BNB BUILDERS 2601 4TH AVENUE SEATTLE WA 98121 CONSTRUCTION SERVICES 17798643 ALLIED UNIVERSAL EIGHT TOWER BRIDGE 161 WASHINGTON CONSHOHOCKEN PA 98134 SECURITY SERVICES 659250 MCKINSTRY CO C/O MCKINSTRY LOCKBOX PO BOX 3895 SEATTLE WA 98134 BUILDING AND HVAC MAINTENANCE 530791 CONVERGINT TECHNOLOGIES LLC 35257 EAGLE WAY CHICAGO IL 60678 BUILDING AND TECHNOLOGY MAINTENANCE 453457 LMN ARCHITECTS 801 2ND AVENUE SEATTLE WA 98104 ARCHITECT SERVICES 411331 18 4839951 84420 895744 25310548 601905 31130663 ADMISSIONS 712110 2659549 2659549 EDUCATIONAL PROGRAMS 611699 518938 518938 MEMBERSHIP DUES 900099 121982 121982 3300469 3977368 3977368 18465 18465 7255703 3939637 3316066 3316066 3316066 23972484 9956 24941264 0 -968780 9956 -958824 3714 -962538 148248 84420 87890 60358 60358 11580 65 11515 11515 923330 462780 460550 393699 66851 CATERING 722320 123499 40754 82745 REIMBURSEMENTS 900099 85553 85553 PARKING 812930 68154 51116 17038 23261 23261 300467 41617097 3697882 158721 6629831 943732 547219 199577 196936 12294954 9617612 1578934 1098408 1926170 1383991 357975 184204 1231670 984720 121938 125012 980368 803404 79449 97515 40539 3219 37320 176544 -18000 192649 1895 24082 24082 265805 265805 650982 650982 198654 2322926 -2180396 56124 482137 447676 315 34146 2689280 1999784 367533 321963 99829 12838 86991 8288658 6397911 1890747 153339 136788 4771 11780 206231 206231 3540800 2625497 915303 929771 282716 647055 EXHIBITIONS 1392130 1288138 64725 39267 CATERING 379873 95588 53126 231159 ART ACCESSIONS 223200 223200 TAXES AND LICENSES 151331 141081 8066 2184 6287 6143 144 37276366 29302451 5307517 2666398 12318771 26001347 2816674 4040455 13409411 8941565 649373 1934965 23735274 25087253 350753 450485 1050792 700883 173434139 75423848 102121392 98010291 98490127 101306402 45326074 40753093 24413307 23680479 25594542 25071739 350276490 355978957 5045369 2578250 3595749 3953308 8557873 8744720 0 2860600 2954826 4433466 20153817 22570344 X 111533785 153766163 218588888 179642450 330122673 333408613 350276490 355978957 X 4340731 -1042003 104 -12892 X 0 1 X 1 0 X 29598287 22147608 39021957 20792089 31098417 142658358 29598287 22147608 39021957 20792089 31098417 142658358 22983120 119675238 8580629 8709039 9230497 10046599 11251536 47818300 111758 111758 2106926 393957 212759 1128683 208597 4050922 194639338 30520667 0.61490 0.58690 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: PARKING GARAGE - 2015 AMOUNT: $ 66,531. 2016 AMOUNT: $ 60,097. 2017 AMOUNT: $ 21,695. 2018 AMOUNT: $ 20,998. 2019 AMOUNT: $ 17,038. REIMBURSEMENTS - 2016 AMOUNT: $ 134,586. 2017 AMOUNT: $ 50,012. 2018 AMOUNT: $ 72,284. 2019 AMOUNT: $ 85,553. MISCELLANEOUS - 2015 AMOUNT: $ 24,429. 2016 AMOUNT: $ 10,418. 2017 AMOUNT: $ 20,262. 2018 AMOUNT: $ 23,446. 2019 AMOUNT: $ 23,261. CATERING - 2015 AMOUNT: $ 73,224. 2016 AMOUNT: $ 76,678. 2017 AMOUNT: $ 119,745. 2018 AMOUNT: $ 20,141. 2019 AMOUNT: $ 82,745. REFUNDS SETTLEMENTS - 2015 AMOUNT: $ 1,942,742. TDR SALES - 2016 AMOUNT: $ 112,178. 2017 AMOUNT: $ 1,045. 2018 AMOUNT: $ 991,814. 2019 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24082 24082 41476784 41500866 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 79901 1081 39237 24082 144301 250000 250000 250000 250000 1000000 1500000 X X X X 0 144136322 14956176 218808 7859497 650982 150800827 138141091 8010573 5440834 6973737 482439 144136322 121990894 13473840 8672590 5547684 448549 138141091 105794981 9776476 13436427 6016990 1000000 121990894 107882828 8004683 -4104461 5595426 392643 105794981 0.00000 1.00000 0.00000 0 0 17797741 17797741 72073197 24342657 47730540 22977038 7493414 15483624 21106805 17674107 3432698 39479358 25913670 13565688 98010291 EMERGING MARKETS 11612723 F PRIVATE EQUITY 2720023 F MARKETABLE ALTERNATIVES 23274423 F REAL ASSETS 3145924 F 40753093 SAM-SAAM RENOVATION, LLC 23680479 F 23680479 PREPAID LEASES 613666 INCENTIVE TO LESSEE 4288588 DEFERRED FACILITY RENTAL 9398640 FUNDS HELD IN TRUST BY OTHERS 10770845 25071739 PENSION LIABILITY 4433466 4433466 44720338 -1042003 328952 -23033 -736084 45456422 650982 -4490307 -3839325 41617097 41434502 328952 4480166 4809118 36625384 650982 650982 37276366 PART III, LINE 1A: ART OBJECTS ARE EXPENSED WHEN PURCHASED AND THEREFORE, ARE NOT SHOWN AS ASSETS ON THE CONSOLIDATED BALANCE SHEETS. ART OBJECTS PLEDGED OR DONATED TO THE MUSEUM ARE NOT RECORDED FOR FINANCIAL ACCOUNTING PURPOSED AND, ACCORDINGLY, ARE NOT INCLUDED AS CONTRIBUTED REVENUE IN THE CONSOLIDATED STATEMENT OF ACTIVITIES OR AS A RECEIVABLE ON THE CONSOLIDATED BALANCE SHEETS. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED IN THE CONSOLIDATED STATEMENT OF ACTIVITIES BASED ON THE EXISTENCE AND NATURE OF DONOR-IMPOSED RESTRICTIONS. PART III, LINE 4: THE MUSEUM'S COLLECTION OF PAINTINGS, SCULPTURE, AND OTHER WORKS OF ART PROMOTE AND CULTIVATE THE FINE ARTS THROUGH PUBLIC EXHIBIBITION, EDUCATIONAL PROGRAMMING, AND SCHOLARLY RESEARCH. PART V, LINE 4: TO SUPPORT EXHIBITIONS, ART EDUCATION, ART ACQUISITIONS AND GENERAL OPERATIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVERSAL OF PRIOR YEAR PLEDGE LOSS -23,033. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES - REPORTED ON FORM 990, PART VIII -87,890. RENTAL EXPENSES - REPORTED ON FORM 990, PART VIII -3,939,637. COST OF GOODS SOLD - REPORTED ON FORM 990, PART VIII -462,780. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES - REPORTED ON FORM 990, PART VIII 87,890. RENTAL EXPENSES - REPORTED ON FORM 990, PART VIII 3,939,637. COST OF GOODS SOLD - REPORTED ON FORM 990, PART VIII 462,780. REVERSAL OF PRIOR YEAR PLEDGE LOSS -10,141. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 6215401 0 0 0 0 0 0 6215401 0 6215401 1 0 0 1 1 0 PART III ACCOUNTING METHOD: X X X X X X X 1 THE LUKEN COMPANY 2800 SHIRLINGTON ROAD 9TH FLOOR ARLINGTON VA 22206 DIRECT MAIL, ONLINE AND E-MAIL MEMBERSHIP CAMPAIGNS 0 0 265805 -265805 265805 -265805 WA DIWALI BALL 136230 44732 91498 51737 2166 16477 FALL FNDRAISING 96438 39688 56750 15407 2103 232668 84420 148248 67144 2166 18580 87890 60358 X X X X 0 0 0 0 0 0 0 0 1 0 KIMERLY RORSCHACH ILLSLEY BALL NORDSTR. DIR. THRU 09/1 404592 0 0 0 0 0 15423 0 4771 0 424786 0 0 0 CYNTHIA BOLTON CHIEF FINANCIAL OFFICER 185636 0 0 0 0 0 7920 0 6022 0 199578 0 0 0 CHRIS LANDMAN CHIEF DEVELOPMENT OFFICER 179783 0 0 0 0 0 11141 0 6012 0 196936 0 0 0 MANISH ENGINEER CHIEF TECHNOLOGY OFFICER 162513 0 0 0 0 0 6191 0 5986 0 174690 0 0 0 CHIYO ISHIKAWA DEPUTY DIRECTOR OF ART 139516 0 0 0 0 0 8301 0 5962 0 153779 0 0 0 PART I, LINE 8 THE ORGANIZATION HIRED A NEW ILLSLEY BALL NORDSTROM DIRECTOR AS OF SEPTEMBER 2019. THE DIRECTOR HAS AN EMPLOYMENT CONTRACT SUBJECT TO THE INITIAL CONTRACT EXCEPTION DESCRIBED IN REG. 53.4958-4(A)(3). X 226 N/A X N/A X 27 569123 FAIR MARKET VALUE X BEVERAGES 1 30832 FAIR MARKET VALUE X LANDSCAPING 1 1950 FAIR MARKET VALUE 14 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. PART I, LINE 33: NO REVENUE REPORTED PER FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION 958-360-25 (FORMERLY SFAS 116). GIFTS OF ART AND BOOKS TO THE MUSEUM'S SPECIAL COLLECTION ARE NOT CAPITALIZED OR RECORDED FOR FINANCIAL ACCOUNTING PURPOSES AND, ACCORDINGLY, ARE NOT INCLUDED AS CONTRIBUTED REVENUE IN THE STATEMENT OF ACTIVITIES OR AS RECEIVABLES ON THE BALANCE SHEET. FORM 990, PART I, LINE 6: VOLUNTEERS PROVIDE CUSTOMER SERVICE, SUPPORTING ADMINISTRATIVE TASKS AND WORK WITH SPECIFIC AUDIENCES TO FACILITATE ART EXPERIENCES. ALL BOARD MEMBERS ARE ALSO VOLUNTEERS. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIR, THE PRESIDENT, EACH VICE PRESIDENT, THE SECRETARY, THE TREASURER, THE IMMEDIATE PAST CHAIR, THE IMMEDIATE PAST PRESIDENT, EACH STANDING COMMITTEE CHAIR AND OTHER AT-LARGE MEMBERS OF THE BOARD OF TRUSTEES, RECOMMENDED BY THE PRESIDENT AND APPOINTED BY THE BOARD. THE TOTAL MEMBERSHIP OF THE EXECUTIVE COMMITTEE IS NO LESS THAN SEVEN (7) NOR MORE THAN TWENTY (20) MEMBERS. THE EXECUTIVE COMMITTEE HAS ALL OF THE POWERS OF THE BOARD OF TRUSTEES BETWEEN BOARD MEETINGS SUBJECT TO THE LIMITATIONS SET FORTH IN THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 2 JANET KETCHAM AND SYLVIA KETCHAM HAVE A FAMILY RELATIONSHIP. JANET KETCHAM AND LEE ROLFE HAVE A FAMILY RELATIONSHIP. JANET KETCHAM AND ROBERT STRONG HAVE A FAMILY RELATIONSHIP. SYLVIA KETCHAM AND LEE ROLFE HAVE A FAMILY RELATIONSHIP. SYLVIA KETCHAM AND ROBERT STRONG HAVE A FAMILY RELATIONSHIP. LINDA NORDSTROM AND SALLY NORDSTROM HAVE A FAMILY RELATIONSHIP. JON SHIRLEY AND KIM RICHTER SHIRLEY HAVE A FAMILY RELATIONSHIP. ANN P. WYCKOFF AND MARTHA WYCKOFF HAVE A FAMILY RELATIONSHIP. CHARLES WRIGHT AND VIRGINIA WRIGHT HAVE A FAMILY RELATIONSHIP. WINNIE STRATTON AND JAIRUS STRATTON HAVE A FAMILY RELATIONSHIP. LEE ROLFE AND ANN WYCKOFF HAVE A FAMILY RELATIONSHIP. LEE ROLFE AND MARTHA WYCKOFF HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE MUSEUM'S BOARD HAS ENTRUSTED THE AUDIT COMMITTEE WITH REVIEWING THE DRAFT FORM 990 IN DETAIL. THE AUDIT COMMITTEE MAKES RECOMMENDATIONS FOR CHANGES OR APPROVAL TO THE EXECUTIVE COMMITTEE. DUE TO THE SIZE AND COMPLEXITY OF THE ORGANIZATION'S BOARD, A COPY OF THE RETURN IS NOT PROVIDED TO EACH BOARD MEMBER BEFORE FILING; HOWEVER, EACH BOARD MEMBER IS NOTIFIED THAT HE OR SHE CAN REVIEW A COPY OF THE RETURN IF INTERESTED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY APPLIES TO STAFF AND VOLUNTEERS. A DETERMINATION OF WHETHER A CONFLICT OF INTEREST EXISTS IS MADE BY THE BOARD'S AUDIT COMMITTEE IN CONJUNCTION WITH THE MUSEUM'S SENIOR MANAGEMENT TEAM. WHEN AN ACTUAL CONFLICT IS DETERMINED TO EXIST, THE SPECIFICS OF THE CONFLICT ARE REVIEWED BY THE AUDIT COMMITTEE OR SENIOR MANAGEMENT TEAM. ANYONE WITH A CONFLICT OF INTEREST MUST RECUSE THEMSELVES FROM DISCUSSION AND THE DECISION MAKING PROCESS IN WHATEVER CAPACITY THEY MAY HAVE AUTHORITY OVER THE DECISION. IF THE CONFLICTED INDIVIDUAL IS A VOTING MEMBER OF THE BOARD, THEY WILL RECUSE THEMSELVES FROM DISCUSSION AND VOTING ON MATTERS WHERE THEY ARE CONFLICTED. FORM 990, PART VI, SECTION B, LINE 15A THE MUSEUM'S COMPENSATION COMMITTEE, A SUBSET OF THE BOARD OF DIRECTORS, IS RESPONSIBLE FOR THE SETTING OF AND ANNUAL REVIEW OF THE ILLSLEY BALL NORDSTROM DIRECTOR AND CEO'S COMPENSATION. THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES ANNUALLY REVIEWS THE COMPENSATION OF THE ILLSLEY BALL NORDSTROM DIRECTOR AND CEO AND USES COMPENSATION SURVEY DATA. THE ANNUAL BUDGET INCLUDING THIS ARRANGEMENT IS THEN APPROVED BY THE ENTIRE BOARD BASED ON RECOMMENDATIONS FROM THE EXECUTIVE COMMITTEE. THERE IS CONTEMPORANEOUS SUBSTANTIATION OF THIS DELIBERATION AND DECISION. GENERALLY, THE ILLSLEY BALL NORDSTROM DIRECTOR AND CEO DETERMINES THE SALARY FOR THE CHIEF OPERATING OFFICER, CHIEF FINANCIAL OFFICER, AND THE CHIEF DEVELOPMENT OFFICER. THE LAST COMPENSATION REVIEW OCCURRED IN FEBRUARY 2020. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: REVERSAL OF PRIOR YEAR PLEDGE LOSS -12,892. SAAM BUILDING MASTER TENANT LLC 1300 1ST AVENUE SEATTLE WA 98101 320549913 REAL ESTATE WA N/A SAM BUILDING LANDLORD LLC 1300 1ST AVENUE SEATTLE WA 98101 371877275 REAL ESTATE WA N/A SAM-SAAM RENOVATION LLC 1300 1ST AVENUE SEATTLE WA 98101 371876275 HOLDING COMPANY WA SEATTLE ART MUSEUM C -927046 23011868 1.00000 1 1 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 SAM BUILDING LANDLORD LLC A 1370482 COST SAM BUILDING LANDLORD LLC D 25087253 COST SAAM BUILDING MASTER TENANT LLC K 1678670 COST