2019-07-26T08:42:05-07:00 2018-09-30 953178278 MARYANOV MADSEN GORDON CAMPBELL PO Box 1826 PALM SPRINGS CA 922631826 990 2017-10-01 951809576 Palm Springs Art Museum PALM 7603257186 101 N Museum Dr Palm Springs CA 92262 STEVE MALONEY Chair 2019-07-26 true Steven T Erickson CPA P00404339 7603206642 2017 2019-02-21 02:37:17Z STEVE MALONEY PO BOX 2310 PALM SPRINGS CA 922632310 22837142 false false X www.psmuseum.org X 1938 CA Palm Springs Art Museum creates transformative experiences that expand our understanding of ourselves and the world.Our collections, exhibitions, and programs connect people to the art and culture of our community and time. We foster and inspire reflection and renewal for local, national, and global audiences. 51 51 145 245 0 5745262 5391626 1319532 1811629 825521 2547816 671766 783504 8562081 10534575 0 35850 5415 5906836 5959013 26188 1790113 6107436 5609870 12050122 11600486 -3488041 -1065911 36562784 34446214 2676023 3272221 33886761 31173993 With education at the center of our public service role, the museum has served its diverse audiences in a variety of ways, including: collections and exhibitions, gallery tours, art classes and workshops, lectures and other educational programs for schoolchildren, multi-generational groups, and adults. Our educational reach also extends to special events and performances in the museums Annenberg Theater. false false 8010978 Education Programs and Community OutreachDuring the 2018 year, the museum frequently partnered with Coachella Valley school districts and colleges, community organizations, and local city governments, and we hosted Free Thursday Evenings (at both the main museum location and Architecture and Design Center) in conjunction with the weekly VillageFest street fair in downtown Palm Springs, which often includes free film screenings and interactive programs related to the museums exhibitions. The Free 2nd Sundays program continues on the second Sunday of each month at which the museum offers special family gallery tours, art activities, artist demonstrations, and films, in addition to its regular exhibitions. Our facility in Palm Desert increased its educational programming with Art Lab, Free Fridays and an Earth Day celebration which served 3,500+ visitors to the city. The total number of visitors served by combined education programs across three sites is in excess of 48,000 Coachella Valley residents.Adult Education Programs - In addition to docent-led tours of the permanent collection and special exhibitions, adults participated in individual classes as well as intensive studio art workshops in drawing, painting, printmaking and mixed media; evening lectures in the Annenberg Theater and weekend symposia; free community days; and outreach programs.Child and Teen Programs - Attendance for the fiscal year included approximately 20,000+ students and children who participated in free school tours geared to specific age levels and curricula, as well as childrens summer art camp, free community days such as Day of the Dead at our main museum and our Palm Desert site, and those who visited the museum with their family or to complete school assignments.Specialized museum education programs serving child and youth this past year included:Pop-Up Studio This program at the Sheffer/Scheffler Arts Education Space provides multiple opportunities for children, families, and teens to interact with professional artists who are in residence at the museum and for audiences to understand their creative process and engage in their own hands-on arts making inspired by these individual artists.Museum Art Camp - (5-day art workshops for children ages 5-12) 127 students (22 scholarships).Eyes On/Hands On - (specialized 1-hour docent-led tour of the museum galleries followed by an art-making project in our art studios) 3,200 K-6th grade students.Art Within Reach - (4-lesson site-visit and field trip program for third grade students in collaboration with the Palm Springs Unified School District); 1,400+ 3rd grade students.Teen Docent - (academic extra-curricular enrichment activity for high school students who tour elementary school children) 13 10th through 12th grade students: 90 volunteer hours per Teen Docent, 500 3rd through 5th grade students served between October and December 2017.Sheffer/Scheffler Arts Education Space - (a community gallery and activity space for children, families, adults and the community). Art ExhibitionsDuring the period of October 1, 2017 September 30, 2018, the museum presented the following temporary exhibitions in the galleries and conducted related educational programming. Attendance for specific exhibitions is not tracked; however total museum attendance was 230,493.I. Special Art ExhibitionsAlbert Frey and Lina Bo Bardi: A Search for Living Architecture9/9/2017 1/7/2018Palm Springs Art Museum Architecture and Design CenterKinesthesia: Latin American Kinetic Art, XXX-XX-XXXX/26/2017 1/15/2018Palm Springs Art Museum, Annenberg WingNo Glass Ceiling! Women Working in Glass, Part 110/14/2017 3/5/2018Palm Springs Art Museum, Kaplan-Ostergaard Glass Center Bob Van Breda: Lost and Found11/3/2017 3/4/2018Palm Springs Art Museum in Palm Desert, the GalenIn Conversation: Alma Allen & J.B. Blunk2/3/2018 7/9/2018 Palm Springs Art Museum Architecture and Design CenterAndy Warhol: Prints from the Collections of Jordan D. Schnitzer and His Family Foundation3/3/2018 5/28/2018Palm Springs Art Museum, Annenberg and Clayes WingsMichael Childers: Having a Ball1/20/2018 5/28/2018 Palm Springs Art Museum, Clayes WingContemporary Narratives in Glass3/24/2018 11/4/2018Palm Springs Art Museum, Kaplan-Ostergaard Glass CenterJeffrey Gibson: ALIVE! Installation for the inaugural presentation of Desert X2/25/2017 5/1/2018Palm Springs Art MuseumPat Lasch: Journeys of the Heart3/25/2017 10/15/2017Palm Springs Art Museum in Palm Desert, The GalenMysteries of the Mesa: Restoration of William Robinson Leighs Thunder Mountain10/26/2017 2/27/2018Palm Springs Art Museum, Denney Western American Art WingII. Permanent Collection Art ExhibitionsDuring the period of October 1, 2017 September 30, 2018, the museum also presented the exhibitions of art works drawn from the museums permanent collection and extended loans. Western and Native American Art, Selections from the Permanent CollectionOngoingPalm Springs Art Museum, Denney Western American Art WingMexican Modern/Ancient American; and Native American PotteryOngoingPalm Springs Art Museum, Marilyn & Bruce Throckmorton GalleryContemporary Works from the Permanent CollectionOngoing Palm Springs Art Museum, Steve Chase WingLatin American Photography9/16/2017 11/30/2017Palm Springs Art Museum, Chase Wing RampJourney Through the Desert The Road Less Traveled3/17/18 11/25/18Palm Springs Art Museum in Palm Desert, the GalenMaking It Modern5/20/2017 12/23/2017Palm Springs Art Museum, Clayes WingMontgomery Meets Modernism: Two Americas7/30/2016 current/ongoing Palm Springs Art Museum, Denney Western American Art Wing, George Montgomery GalleryGrass Roots: Native American Basketry of the West9/15/2016 6/18/2018Palm Springs Art Museum, Denney Western American Art WingWestern Stories9/10/2016 6/18/2018Palm Springs Art Museum, Denney Western American Art WingPhotography from the Permanent Collection: Paul Strand and the Photo Secessionists12/14/2017 3/28/2018 Palm Springs Art Museum, Chase Wing RampTodd Hido3/29/2018 7/5/2018Palm Springs Art Museum, Chase Wing RampReflections on Water9/19/15 12/4/17Palm Springs Art Museum, Denney Western American Art Wing, Morse & Hahn & Sheldon GalleryIII. Educational Art ExhibitionsDuring the period of October 1, 2017 September 30, 2018, the museum also presented the exhibitions of art works drawn from community sources participatory community exhibitions and artist run workshops.2017 Artists Council Exhibition10/7/2017 12/10/2017Palm Springs Art Museum, Jorgensen Gallery and Marks Graphics CenterPop-Up Studio: Noe Montes 10/5/2017 11/12/2017Palm Springs Art Museum, Sheffer-Scheffler Education SpaceBlack History Month2/11/2018 3/1/2018Palm Springs Art Museum, Sheffer-Scheffler Education SpacePop-Up Studio: Warhol Printlab3/11/2018 4/30/2018Palm Springs Art Museum, Sheffer-Scheffler Education SpaceIV. Juried Art ExhibitionsDuring the period of October 1, 2017 September 30, 2018, the museum also presented the exhibitions of art works submitted by local artists including Artists Council members, and students from all public and private high schools in the Coachella Valley and College of the Desert.2017 Artists Council Exhibition10/7/2017 12/10/2017Palm Springs Art Museum, Jorgensen Gallery and Marks Graphics CenterFinding Ones Voice: 2018 Fine Arts Creativity Awards and Scholarship Program Exhibition4/15/2018 5/15/2018PSAM, Jorgensen Gallery and Marks Graphics Center Performing Arts Programs The Museums Annenberg Theater season featured a wide variety of music, comedy, and dance performances, lecture and award presentations, and screenings. These events were presented by the museum and by outside community groups and producers. The museum also partners with the Palm Springs International Film Festival in January each year as one of the film screening venues. In addition the Annenberg is the featured lecture and performance location for Modernism Week in Palm Springs. Total attendance for all events was 34,597.Annenberg Theater PerformancesJazz Meets Latin Jazz 10/14/2017Loving Vincent Members Screening 11/9/2017 Animation Festival 11/9/2017-11/10/2017Bilal Screening 11/10/2017Opening Night Benefit: An Evening With Matthew Morrison 11/18/2017 CK Dance Company's "The Nutcracker" 12/1/2017-12/2/2017Dance with Miss Lindsay "The Holiday Showcase" 12/3/2017Cab 88 Klea Blackhurst 12/4/2017-12/6/2017Palm Springs Gay Men's Chorus Joyful Traditions 12/15/2017-12/17/2017FILM FESTIVAL 12/28/2017-1/14/2018Cab 88 David Burnham 1/15/2018-1/17/2018Jim Caruso's "Cast Party" 1/20/2018Coachella Valley Symphony Piano Forte III 1/21/2018Coyote StageWorks: Dirty Blonde 2/2/2018-2/11/2018Cab 88 Nunziata Bros 2/13/2018-2/14/2018Herb Alpert and Lani Hall in Concert 2/15/2018MODERNISM WEEK 2/16/2018-2/22/2018PCC - CHARLES PHOENIX SLIDE SHOW & PERFORMANCE 2/17/2018Sierra Boggess 2/17/2018A Man and His Prostate 2/23/2018-2/25/2018The Sandblaster Chorus Blasters Do Broadway 3/8/2018Cab 88 Emily Skinner 3/12/2018-3/14/2018Paulo Szot 3/17/2018Coachella Valley Symphony Opera to Broadway 3/18/2018Coyote StageWorks: The Cocktail Hour 3/23/2018-4/1/2018Palm Springs Gay Men's Chorus Cruzin' Haight-Ashbury to Woodstock 4/6/2018-4/8/2018Cab 88 Kyle Massey 4/10/2018-4/11/2018Jennifer Holliday 4/14/2018Modern Men Present Rocket Man The Music of Elton John 4/21/2018-4/22/2018Deserts Got Talent 2018 4/28/2018The Tamburitzans Passages - the Journey of our Ancestors 5/25/2018CK Dance Company "Paquita" 5/26/2018-5/27/2018Dance With Miss Lindsays Spring Recital 6/9/2018Annenberg Theater LecturesMondays at the Museum 11/13/2017Natuzzi Italia: The Harmony Chain 11/16/2017Mondays at the Museum 11/27/2017PCC Talking Photography: Thomas Demand 12/8/2017Mondays at the Museum 12/11/2017Mondays at the Museum 1/22/2018Mondays at the Museum 2/12/2018Mondays at the Museum 2/26/2018Mondays at the Museum 3/12/2018WAC Reception following Billy Schenck Lecture 3/29/2018Mondays at the Museum 4/16/2018 8010978 true true false false false false false true false true true false false true false true true false false false false false false true true false false false false true false false false false false false false false true false true false true false false false false false false false true 180 0 true 145 true false false false false false false true true false 0 false false false false false false false false false false X 51 51 false false false false false false false true true false false true true true true true true true true false CA X Elizabeth Burke CFO 7603224812 101 N Museum Dr Palm Springs CA 922625659 ROSWITHA SMALE Trustee 2.00 0.00 X 0 0 0 DONNA MACMILLAN Chair Emerita 2.00 0.00 X X 0 0 0 HAROLD MATZNER EXEC VICE CHAIR 2.00 0.00 X X 0 0 0 GEORGIA FOGELSON VICE CHAIR 2.00 0.00 X X 0 0 0 JAN SALTA Trustee 2.00 0.00 X 0 0 0 BARBARA KELLER VICE CHAIR 2.00 0.00 X X 0 0 0 MARILYN P LOESBERG VICE CHAIR 2.00 0.00 X X 0 0 0 STEVE MALONEY Chair 2.00 0.00 X X 0 0 0 JANE F SALTONSTALL President 2.00 0.00 X X 0 0 0 FAYE SARKOWSKY VICE CHAIR 2.00 0.00 X X 0 0 0 GARY GRACE VICE CHAIR 2.00 0.00 X X 0 0 0 ELIZABETH EDWARDS HARRIS Trustee 2.00 0.00 X 0 0 0 CHERYL MCARTHUR Trustee 2.00 0.00 X 0 0 0 DAVID M WILSON VICE CHAIR 2.00 0.00 X X 0 0 0 PATRICIA GRUNDHOFER Trustee 2.00 0.00 X 0 0 0 MAX BRIGGS VICE CHAIR 2.00 0.00 X X 0 0 0 SIMON CHIU Trustee 2.00 0.00 X 0 0 0 KATHERINE MALKIN Trustee 2.00 0.00 X 0 0 0 MICHAEL CHILDERS Trustee 2.00 0.00 X 0 0 0 KENNETH D DEGIORGIO Trustee 2.00 0.00 X 0 0 0 LANCE ELDRED Vice Chair 2.00 0.00 X X 0 0 0 CHUCK HILLIAR Trustee 2.00 0.00 X 0 0 0 GARY N SCHAHET Trustee 2.00 0.00 X 0 0 0 HENRY FREUND Trustee 2.00 0.00 X 0 0 0 LEONARD S EBER Trustee 2.00 0.00 X 0 0 0 BARRY W MORSE MD Trustee 2.00 0.00 X 0 0 0 JAMES EGAN Vice Chair 2.00 0.00 X X 0 0 0 GARY D HALL Trustee 2.00 0.00 X 0 0 0 JANE EMISON Trustee 2.00 0.00 X 0 0 0 ROBERTA HOLLAND Trustee 2.00 0.00 X 0 0 0 JAMIE KABLER Trustee 2.00 0.00 X 0 0 0 MARK PRIOR Trustee 2.00 0.00 X 0 0 0 ANNETTE LERNER Trustee 2.00 0.00 X 0 0 0 LEO MARMOL VICE CHAIR 2.00 0.00 X X 0 0 0 ANGIE GERBER Trustee 2.00 0.00 X 0 0 0 WILLIAM L HOOD Secretary 2.00 0.00 X X 0 0 0 MARY ANN LABAHN Trustee 2.00 0.00 X 0 0 0 TOM MINDER Trustee 2.00 0.00 X 0 0 0 ANN SHEFFER Trustee 2.00 0.00 X 0 0 0 JOHN P MONAHAN Trustee 2.00 0.00 X 0 0 0 MARY INGEBRAND-POHLAD Trustee 2.00 0.00 X 0 0 0 LETICIA QUEZADA Trustee 2.00 0.00 X 0 0 0 ARLENE SCHNITZER Trustee 2.00 0.00 X 0 0 0 HELENE V GALEN VICE CHAIR 2.00 0.00 X X 0 0 0 MICHAEL V SMITH Trustee 2.00 0.00 X 0 0 0 GWENDOLYN WEINER Trustee 2.00 0.00 X 0 0 0 SUSAN GOODMAN VICE CHAIR 2.00 0.00 X X 0 0 0 DAVID A KAPLAN Trustee 2.00 0.00 X 0 0 0 LOREN G LIPSON MD Trustee 2.00 0.00 X 0 0 0 STACEY RENKER Trustee 2.00 0.00 X 0 0 0 TOM TRUHE Trustee/Council 2.00 0.00 X 0 0 0 JOSEPH E BONNER DEPUTY DIR./CFO 40.00 0.00 X 242721 0 11602 ELIZABETH ARMSTRONG Executive Dir. 40.00 0.00 X 332626 0 12727 DEBRA PRESTON DIR. OF OPERATIONS 40.00 0.00 X 101301 0 10047 SARAH HODGE DIRECTOR OF A&D 40.00 0.00 X 141364 0 9966 DANIELL CORNELL ARTISTIC DIRECTOR 40.00 0.00 X 140165 0 10072 MICHAEL MINER DIRECTOR OF DEV. 40.00 0.00 X 166459 0 9942 1124636 64356 6 false true false SENSORIUM EVENT PRODUCTIONS 1766 E Camino Parocela 10 PALM SPRINGS CA 92264 EVENT DESIGN & DECOR 180473 LULU CALIFORNIA BISTRO 200 S Palm Canyon Dr PALM SPRINGS CA 92262 CATERING 115901 2 691137 1291970 3408519 5391626 ART EXHIBITIONS & PERFORM 712110 1541913 1541913 EDUCATION PROGRAMS AND CO 561500 269716 269716 1811629 382320 382320 0 0 0 13428553 11263057 2165496 2165496 2165496 154585 1291970 485397 -330812 -330812 0 1097043 554113 542930 542930 Change in value of CRUT 74324 74324 FACILITY USE FEE 382224 382224 Other revenue 114838 114838 571386 10534575 5091441 51508 0 0 0 5415 5415 599676 401783 113939 83954 0 4455680 3007341 795602 652737 90920 61313 16358 13249 406788 274321 73188 59279 405949 273755 73037 59157 329569 126776 73986 128807 25656 9869 5760 10027 27475 10569 6168 10738 0 26188 26188 96949 37294 21764 37891 256349 108684 63428 84237 270772 216426 8 54338 1502947 1123984 172644 206319 266694 174809 49079 42806 39889 31637 1835 6417 414902 329073 19086 66743 104409 68436 19215 16758 0 458748 363849 21103 73796 71778 51039 17143 3596 0 690908 518181 165818 6909 209370 148877 50004 10489 EXHIBITS, PERFORMERS, LECTURER 460058 364888 21163 74007 TRIPS AND TOURS 343477 272424 15800 55253 ART ACQUISITION 29550 23437 1359 4754 MEALS 10370 6798 1908 1664 0 11600486 8010978 1799395 1790113 352069 55027 823266 740184 2336390 965600 133671 27847 0 0 0 240198 229817 231440 266843 30506651 16435181 14107149 14071470 15730112 15557791 0 0 0 2608489 2531635 36562784 34446214 843297 841007 226970 351214 1605756 2080000 2676023 3272221 X 7569906 4435336 3614953 3948264 22701902 22790393 33886761 31173993 36562784 34446214 -1065911 -1646857 X false true X true false X 14201998 7453983 6275387 5745262 5391626 39068256 0 0 14201998 7453983 6275387 5745262 5391626 39068256 2782240 36286016 577386 547697 363356 358814 382320 2229573 0 2382656 1246953 980744 671766 783504 6065623 47363452 0.76610 0.83820 X X X X true 21047224 46886 1016925 1115164 87758 20908113 20935174 6567 1943161 1755914 81764 21047224 22419268 27632 159736 1579147 92315 20935174 23987303 64511 -419875 1121776 90895 22419268 20332545 3452966 937851 652248 83811 23987303 1.00000 true false false 1798000 1798000 28708651 16435181 12273470 14071470 CONSTRUCTION IN PROGRESS CRUTs 2531635 2531635 X 9925934 -1646857 1038216 -608641 10534575 10534575 12638702 1038216 1038216 11600486 11600486 Part III, Line 1a: If organization elected under SFAS 116 to not report are, historical treasures, o The Museum's collections comprise more than 11,300 objects and works of art including sculptures, paintings, drawings, graphics, photographs, ceramics, and contemporary glass; Native American baskets, weavings, pottery and artifacts; Mesoamerican artifacts; and architectural drawings and archives. In addition, it includes the Stephen Willard Photography Archives and Bill Anderson Photographic Archives, totaling approximately 50,000 images. The collections are maintained for public exhibition, education, research, and the furtherance of public service rather than for financial gain. The Museum's collections, acquired through donations and through purchases, are not recognized as assets in the financial statements. Purchases of collection items are recorded as decreases in the appropriate net asset classification in the year of acquisition. Contributed collection items are not reflected in the financial statements. Proceeds from the sale of art are recorded as increases in the appropriate net asset classification in the year of sale and are reserved for the acquisition of works of art.The following amounts are the purchase price or the fair market value at the time of the gift to the Museum at September 30, 2018:Art $65,333,880; Anthropology $1,893,698; Reserve $2,926,630; Library and other items $2,629,347; Items held for deaccession $460,833; Albert Frey House $525,552.Collection items consist of art objects that are held for educational and curatorial purposes. Each of the items is cataloged, preserved, kept unencumbered, and cared for. Activities verifying their existence and assessing their condition are performed continuously. Collection items acquired either through purchase or donation are not capitalized. Purchases of collection items are recorded as decreases in unrestricted net assets if purchased with unrestricted assets and as decreases in temporarily restricted or permanently restricted net assets if purchased with donor-restricted assets. Contributions of collection items are not recognized in the statement of activities. Proceeds from deaccessions or insurance recoveries are reflected on the statement of activities based on the absence or existence and nature of donor-imposed restrictions.The fair market values of the works acquired through contributions were $2,069,715 (unaudited) during the year ended September 30, 2018.Collections purchased were $29,550 during the year ended September 30, 2018.As part of a financial recovery plan approved by the Board in June 2005, works of art not deemed to be strategic were deaccessioned from the collection. It was agreed by the Board that deaccessioning proceeds would be credited to the art acquisition account. The Board also approved the use of net cash surpluses in the art acquisition account to repay external debt for a limited time, and that the borrowings from the account would be repaid over time. The deaccessioning procedures were discussed with the American Association of Museums and with the Accreditation Committee in February 2007, and such practices confirmed by such organizations as being appropriate and consistent with "best practices".Funds were then borrowed from the Art Acquisition account to repay the Museum's external debts. As of September 30, 2018, a balance of $897,597 remains to be reimbursed to the art acquisition account as funds become available. Commencing in 2007, it was determined by the Board that any new deaccessioned funds raised by the Museum would be maintained in a segregated account and would be strictly for the acquisition of works of art. As of September 30, 2018, all proceeds from the sale of new deaccessioned art were either expended for the purchase of art or remain in the segregated account. Part V, Line 4: Intended uses of the endowment fund. THE MUSEUM'S BOARD-APPROVED DISTRIBUTIONS FROM THE ENDOWMENT FUNDS ARE USED FOR SUPPORT OF GENERAL OPERATIONS AS WELL AS SUPPORT OF SPECIFIC PROGRAMS AS PROVIDED BY ENDOWMENT DONORS, IF APPLICABLE. Part X : FIN48 Footnote The Museum is exempt from federal income and California franchise taxes under Section 501(c)(3) of the Internal Revenue Code and Section 23701(d) of the State Revenue and Taxation Code, respectively.The Museum's policy is to record income tax related interest and penalties in operating expenses. For the years ended September 30, 2018 and 2017, there was no interest or penalties expense recorded and no accrued interest or penalties.The Museum's Forms 990, Return of Organization Exempt from Income Tax, are subject to examination by the Internal Revenue Service, generally for three years after they are filed. The Museum's Forms 199, California Exempt Organization Annual Information Return, are subject to examination by the Franchise Tax Board, generally for four years after they are filed. Management has reviewed tax positions for open years and has determined that a provision for uncertain tax positions is not required. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 COST OF GOOD SOLD: SALE OF INVENTORY $554113 DIRECT FUNDRAISING COSTS $485397 MISCELLANEOUS EXPENSE NETTED TO INCOME $-1294 Part XII, Line 2d: Other expenses and losses per audited F/S COST OF GOOD SOLD: SALE OF INVENTORY $554113 DIRECT FUNDRAISING COSTS $485397 MISCELLANEOUS EXPENSE NETTED TO INCOME $-1294 X X X X X X X true Michael Miner 101 N MUSEUM DR PALM SPRINGS CA 92262 SOLICIT MAJOR GIFTS false 1500000 26188 1473812 1500000 26188 1473812 MAC Gala 987850 915400 72450 298529 ATC Opening 181745 142900 38845 95848 5 276960 233670 43290 91020 1446555 1291970 154585 485397 485397 -330812 X X X X X false false false false false false false false false false DANIELL CORNELL ARTISTIC DIRECTOR 140165 10072 150237 ELIZABETH ARMSTRONG Executive Dir. 332626 12727 345353 JOSEPH E BONNER DEPUTY DIR./CFO 242721 11602 254323 MICHAEL MINER DIRECTOR OF DEV. 140271 26188 9942 176401 SARAH HODGE DIRECTOR OF A&D 141364 9966 151330 GARY D HALL TRUSTEE 175637 BANKING, INVESTMENTS, CC'S false BARBARA KELLER TRUSTEE 126882 CATERING false X 374 7 false true true Part I, Line 32, Hire and Use of Third Parties For the sale (deaccession) of works of art in the permanent collection we provide documentation on the work to commercial auction houses (usually three) and ask them for a proposal for the sale of the work, including information on the marketing of the sale, pre-auction estimates of sale price, and their financial terms (their commission, expenses charged to us, etc.). A public auction of the work is widely considered in the museum world generally to be the most transparent and lucrative way to handle a sale, although occasionally other means are employed, such as a trade. Part I, Line 33, Revenues Not Reported AS PERMITTED UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, PALM SPRINGS ART MUSEUM DOES NOT REPORT CONTRIBUTIONS OF ART AS REVENUE. DURING THE YEAR, THE MUSEUM RECEIVED 374 DONATIONS VALUED AT $2,069,715, BASED ON INDEPENDENT APPRAISALS.As a service to museums, most auction houses will either waive their commission entirely or charge a very minimal fee (one or two percent of the sale price), as well as other expenses such as shipping, photography, etc. Form 990, Part VI, Line 11b: Form 990 Review Process THE FORM 990 AND RELATED STATE FORMS ARE PROVIDED TO THE ORGANIZATION'S AUDIT COMMITTEE FOR THEIR REVIEW AND RECOMMENDED APPROVAL TO THE BOARD OF TRUSTEES. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Step 1 - Disclosure: Prior to board, committee or management action on a contract or transaction involving a conflict of interest, a director or committee member having a conflict of interest shall disclose all facts material to the conflict of interest.Step 2 - Recusal: A person who has a conflict of interest shall not participate in or be permitted to hear the board's or committee's discussion of the matter except to disclose material facts and respond to questions. Such person shall not attempt to exert his or her personal influence with respect to the matter, either at or outside the meeting. A person who has a conflict of interest may not vote on the contract or transaction and shall not be present in the meeting room when the vote is taken.Step 3 - Ensuring comparable market value of contract or transaction: Care must be taken by the board, committee, and/or management to ensure that the contract or transaction involving a conflict of interest is comparable to an "arms length" transaction. The cost or value of the contract or transaction involving a conflict of interest must be comparable to the market value of a similar contract or transaction not involving a conflict of interest. This can be achieved by getting competing bids, in the case of large contracts, according to standard operating procedures, or by comparing the costs to similar historical contracts or transactions or similar current market contracts or transactions. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management Executive Compensation Process:The Personnel/Compensation Subcommittee meets each year to review the performance and compensation of the Executive Director and the Deputy Director/Chief Financial Officer. The subcommittee reviews performance, comparative data from similar organizations, and makes recommendations for compensation. These recommendations are presented to the Executive Committee for ratification. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees COMPENSATION CONDSIDERATION IS MEASURED BY THE EXECUTIVE DIRECTOR AND THE PERSONNEL COMMITTEE OF THE BOARD OF DIRECTORS. THE BOARD'S PRIMARY SOURCE OF INFORMATION ON COMPENSATION IS THE ANNUAL SALARY SURVEY PUBLISHED BY THE ASSOCIATION OF ART MUSEUM DIRECTORS (AAMD). AS A CONDITION FOR THEIR MEMBERSHIP IN AAMD, MUSEUMS ARE REQUIRED TO PARTICIPATE IN AN ANNUAL SALARY SURVEY, AND ARE GIVEN ACCESS TO THIS INFORMATION. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available DOCUMENTS ARE LOCATED IN THE FRONT OFFICE WHERE ANYBODY CAN REQUEST A COPY OF THE FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AND THEY WILL BE PROVIDED TO THEM.