2019-11-14T12:32:49-06:00 2018-12-31 910189318 MOSS ADAMS LLP 6565 AMERICAS PARKWAY NE STE 600 ALBUQUERQUE NM 87110 990 2018-01-01 850437114 GEORGIA O'KEEFFE MUSEUM GEOR 5059461000 217 JOHNSON STREET SANTA FE NM 87501 CODY HARTLEY MUSEUM DIRECTOR 5059461000 2019-11-13 1 PAMELA ALEXANDERSON P01218925 5058787200 2019-11-13 12.129.4.211 2019-11-13 11:23:48 MS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 794856F77D80C61DE78743BDB3D2DAA753D74C24 2018 2020-03-31 21:24:44Z CODY HARTLEY 217 JOHNSON STREET SANTA FE NM 87501 63415026 0 X WWW.OKEEFFEMUSEUM.ORG X 1995 NM WE CULTIVATE MEANINGFUL, AUTHENTIC EXPERIENCES INSPIRED BY THE LIFE, WORK AND WORLD OF GEORGIA O'KEEFFE. 19 19 126 44 415920 24461 4638488 1785982 2403154 2593759 3732607 30962104 1153653 1423821 11927902 36765666 128223 61038 0 0 4823420 5444534 137820 129195 1580351 3468393 3825660 8557856 9460427 3370046 27305239 137710419 130070586 744992 8579554 136965427 121491032 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 5649726 61038 25425218 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. 5649726 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 0 0 0 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 1 109 0 1 126 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 19 19 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 TABITHA MCMAHON 5059461034 217 JOHNSON STREET SANTA FE NM 87501 ROXANNE DECYK BOARD CHAIR 2.30 1.00 X X 0 0 0 JACK KINZIE PRESIDENT 2.30 1.00 X X 0 0 0 RAMONA SAKIESTEWA SECRETARY 2.30 1.00 X X 0 0 0 JANE BAGWELL TREASURER 2.30 1.00 X X 0 0 0 RONALD BALSER TRUSTEE 2.30 1.00 X 0 0 0 KATHLEEN CLARKE TRUSTEE 2.30 0.00 X 0 0 0 DIANE BUCHANAN TRUSTEE 2.30 0.00 X 0 0 0 FELICITAS FUNKE TRUSTEE 2.30 0.00 X 0 0 0 ROBERT HOLLEYMAN TRUSTEE 2.30 0.00 X 0 0 0 DONALD HUMPHREYS TRUSTEE 2.30 1.00 X 0 0 0 JOHN MARION TRUSTEE 2.30 0.00 X 0 0 0 DEBORAH PEACOCK TRUSTEE 2.30 0.00 X 0 0 0 GARY 'SKIP' POLINER TRUSTEE 2.30 0.00 X 0 0 0 RAYMOND KRUEGER TRUSTEE 2.30 1.00 X 0 0 0 JOANNA TOWNSEND TRUSTEE 2.30 0.00 X 0 0 0 BARTON SHOWALTER TRUSTEE 2.30 1.00 X 0 0 0 CHRISTINE SCHUEPBACH TRUSTEE 2.30 0.00 X 0 0 0 JAY RALPH TRUSTEE 2.30 1.00 X 0 0 0 DAVID WARNOCK TRUSTEE 2.30 0.00 X 0 0 0 DEBORAH BECK - THROUGH JULY 2018 TRUSTEE 2.30 1.00 X 0 0 0 SUSAN HIRSCH - THROUGH JULY 2018 TRUSTEE 2.30 1.00 X 0 0 0 CARL THOMA - THROUGH FEBRUARY 2018 TRUSTEE 2.30 1.00 X 0 0 0 ROBERT KRET MUSEUM DIRECTOR 40.00 5.00 X 417817 0 41504 RICHARD MURRAY DIRECTOR OF FINANCE 30.00 0.00 X 94052 0 855 COLLEEN KELLY DELAY DIRECTOR OF ADVANCEMENT 40.00 0.00 X 177451 0 36882 CODY HARTLEY SR. DIR. COLLECTIONS & INT 40.00 2.00 X 190247 0 17530 BENJAMIN FINBERG DIRECTOR OF IT AND OPS 40.00 0.00 X 151337 0 25148 CATHY ULLERY DIRECTOR OF EMPLOYEE AND O 40.00 0.00 X 106416 0 15664 1137320 0 137583 5 0 1 0 GLUCKMAN TANG 250 HUDSON STREET NEW YORK NY 10013 DESIGN ARCHITECT 660437 DAIKIN APPLIED 24827 NETWORK PLACE CHICAGO IL 60673 HVAC INSTALLATION AND MAINTENANCE 291507 RV KUHNS & ASSOCIATES INC DBA RVK PO BOX 3460 PORTLAND OR 972083460 INVESTMENT SERVICE 129831 INDEPENDENT DEVELOPMENT SERVICES LLC C/O VINCE BEGGS 2809 SONOMA ST TORRANCE CA 90503 FUND-RAISING CONSULTANT 129195 DESIGN FOR CONTEXT LLC PO BOX 6188 COLUMBIA MD 21045 DIGITAL INFRASTRUCTURE 128300 7 304831 70605 1410546 234463 1785982 ADMISSIONS 900099 1870628 1870628 TOURS 900099 596006 596006 RIGHTS AND REPRODUCTIONS 900099 78610 78610 CURATORIAL REIMBURSEMENTS 900099 27899 27899 PHOTOGRAPHY- CURATORIAL 900099 14336 14336 6280 6280 2593759 2209274 2209274 5192 5192 32630965 21918750 25796885 0 6834080 21918750 28752830 21918750 6834080 2175418 852475 1322943 907023 415920 SHARED SERVICES REIMBURSEMENT 900099 90000 90000 5686 5686 95686 36765666 25425218 415920 9138546 X 58038 58038 3000 3000 554228 45932 324568 183728 3897459 2679642 725505 492312 98464 69165 14960 14339 537719 384894 84460 68365 356664 220281 74295 62088 6287 6287 51863 51863 129195 129195 100000 100000 1175078 449619 346030 379429 171868 171868 457962 275572 97502 84888 143804 108914 23260 11630 491718 412630 57808 21280 221944 116567 23952 81425 442432 348443 72502 21487 200724 181263 15012 4449 SUPPLIES 204121 168810 23591 11720 MAINTENANCE AND REPAIRS 75746 60413 11605 3728 82113 66543 5282 10288 9460427 5649726 2230350 1580351 9148 10399 1471525 1123304 2247342 1076531 46826 51965 222840 311951 350754 334005 15980842 7434885 8464994 8545957 115758873 103945990 8243115 14616538 895002 53946 137710419 130070586 744992 591499 0 7988055 744992 8579554 X 95411989 81214756 5792282 4705120 35761156 35571156 136965427 121491032 137710419 130070586 X 27305239 -16279634 -26500000 X X 0 1 X 1 0 X 7091987 5347116 4981455 4638488 9774037 31833083 2841938 2631916 2962374 3462644 4008405 15907277 9933925 7979032 7943829 8101132 13782442 47740360 6550378 4062953 4423044 3862938 9188654 28087967 0 6550378 4062953 4423044 3862938 9188654 28087967 19652393 1090345 1857639 1794485 2211107 2214466 9168042 26984 19324 46308 1090345 1857639 1794485 2238091 2233790 9214350 85 5331 76054 88664 95686 265820 11024355 9842002 9814368 10427887 16111918 57220530 0.34350 0.33850 0.16100 0.22820 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2014 AMOUNT: $ 85. 2015 AMOUNT: $ 5,331. 2016 AMOUNT: $ 76,054. 2017 AMOUNT: $ 88,664. 2018 AMOUNT: $ 95,686. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 100660767 6251429 17576616 28196317 96292495 83754442 6530907 10995419 620000 100660767 80401924 1338745 6058178 4044405 83754442 81342536 1015840 -1368712 587740 80401924 30580764 50885028 629196 752452 81342536 0.58640 0.37110 0.04250 0 0 1404800 1404800 9370408 4975283 4395125 4581130 2087540 2493590 624504 372062 252442 8545957 REAL ESTATE FUNDS 13412914 F INVESTMENT IN GOKM INNOVATIONS 1203624 F 14616538 DUE TO SUPPORTING ORG 7988055 7988055 X PART III, LINE 1A: COLLECTION ITEMS, WHICH HAVE BEEN ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE MUSEUM'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTIONS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR AS NET ASSETS WITH DONOR RESTRICTIONS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. 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 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 DURING THE YEAR. 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. 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 2018, THE MUSEUM DEACCESSIONED ARTWORK WHICH WAS SUBSEQUENTLY SOLD FOR APPROXIMATELY $21,918,750. THE MUSEUM PURCHASED ARTWORK FOR $26,500,000 DURING 2018. 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: GENERAL ENDOWMENT, ONCE THE ENDOWMENT REACHES ITS GOAL, IT IS THE INTENTION TO USE THE INCOME TO SUPPORT THE OPERATIONS OF THE MUSEUM. HISTORICAL PROPERTIES ENDOWMENT, INCOME FROM THE ENDOWMENT IS TO BE USED TO MAINTAIN THE ABIQUIU AND GHOST RANCH HOUSES. BOOK AWARD INCOME FROM THE ENDOWMENT IS USED TO FUND A BOOK AWARD EVERY THREE YEARS. RESEARCH CENTER ENDOWMENT INCOME FROM THE ENDOWMENT IS USED TO FUND SCHOLARSHIPS AND RESEARCH CENTER. PROGRAMS BOY'S ART & LEADERSHIP SCHOLARSHIP, INCOME FROM THE ENDOWMENT IS USED FOR THE BOY'S ART AND LEADERSHIP PROGRAM. THE FORM 990 ENDOWMENT REPORTING IN PRIOR YEARS DID NOT INCLUDE THE TEMPORARILY RESTRICTED ENDOWMENT NET ASSETS OR THE BOARD DESIGNATED UNRESTRICTED ENDOWMENT NET ASSETS STARTING WITH THE FOUR YEARS BACK COLUMN. THE REPORTED AMOUNTS HAVE BEEN RESTATED TO INCLUDE ALL CATEGORIES OF ENDOWMENT FUNDS. IN 2018, $26.5 MILLION OF THE ENDOWMENT WAS USED FOR THE PURCHASE OF ART. 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. 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, 2018, 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. X X X X X 1 VINCE BEGGS DBA INDEPENDENT DEVELOP 2809 SONOMA STREET TORRANCE CA 90503 FUNDRAISING CONSULTANT 0 0 129195 -129195 129195 -129195 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 FELLOW STIPENDS 5 21500 INTERN STIPENDS 20 36538 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 1 1 X X 0 0 0 0 0 0 0 1 0 ROBERT KRET MUSEUM DIRECTOR 333205 0 16175 0 68437 0 11000 0 30504 0 459321 0 16175 0 RICHARD MURRAY DIRECTOR OF FINANCE 91052 0 3000 0 0 0 855 0 0 0 94907 0 3000 0 COLLEEN KELLY DELAY DIRECTOR OF ADVANCEMENT 170193 0 7000 0 258 0 6378 0 30504 0 214333 0 7000 0 CODY HARTLEY SR. DIR. COLLECTIONS & INT 177062 0 13125 0 60 0 7794 0 9736 0 207777 0 13125 0 BENJAMIN FINBERG DIRECTOR OF IT AND OPS 145277 0 6000 0 60 0 6240 0 18908 0 176485 0 6000 0 PART I, LINE 1A THE TAX IMPACT OF THE PERSONAL VALUE OF THE EXECUTIVE DIRECTOR'S RESIDENCE IS GROSSED-UP. THE EXECUTIVE DIRECTOR IS PROVIDED A HOUSE USED PARTLY FOR MUSEUM ENTERTAINMENT AND CONTRIBUTION SOLICITATION. THE CALENDAR YEAR BENEFIT AMOUNT OF $68,044 IS INCLUDED IN HIS TAXABLE COMPENSATION. PART I, LINE 7 BONUS PAYMENTS ARE AWARDED AND APPROVED BY THE BOARD FOR MEETING GOALS. X 12 X 3 234463 FMV ON DATE OF SALE 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 COMPENSATION COMMITTEE, A BOARD 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 COMPENSATION COMMITTEE. THIS PROCESS IS DOCUMENTED AND WAS LAST COMPLETED IN 2018. 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 IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 449,619. MANAGEMENT AND GENERAL EXPENSES 346,030. FUNDRAISING EXPENSES 379,429. TOTAL EXPENSES 1,175,078. FORM 990, PART XI, LINE 9: COLLECTION OF ITEMS PURCHASED BUT NOT CAPITALIZED -26,500,000. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR. THE SUPPORTING ORGANIZATION FOR THE GEORGIA O'KEEFFE MUSEUM 201 JOHNSON STREET SANTA FE NM 87501 811012846 SUPPORTING ORGANIZATION TO THE GEORGIA O'KEEFE 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 SUPPORTING ORGANIZATION FOR THE GEORGIA O'KEEFFE MUSEUM C 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 RECEIVABLE FROM GOKMI D 53946 BALANCE SHEET RECEIVABLE PAYABLE TO THE SUPPORTING ORGANIZATION D 7988054 BALANCE SHEET PAYABLE