2018-05-14T10:26:42-05:00 2017-06-30 990 2016-07-01 020223322 CURRIER MUSEUM OF ART CURR 6036696144 150 ASH STRET MANCHESTER NH 03104 ALAN CHONG DIRECTOR/CEO 6036696144 2018-05-14 2016 2022-09-23 18:48:47Z ALAN CHONG 150 ASH STRET MANCHESTER NH 03104 11152303 0 X CURRIER.ORG X 1919 NH FOCUSED ON ART, CENTERED IN COMMUNITY, COMMITTED TO INSPIRE. 20 20 133 116 -35192 -35192 1324044 1611983 647026 593380 2818520 6019496 527325 396018 5316915 8620877 26635 37801 0 0 2799752 2854032 0 0 439484 5473618 3855434 8300005 6747267 -2983090 1873610 92130994 97811968 372298 379828 91758696 97432140 X THE CURRIER MUSEUM OF ART IS COMMITTED TO PROVIDING STIMULATING, DIVERSE, AND ENJOYABLE ENCOUNTERS WITH ORIGINAL WORKS OF ART AND, IN SO DOING, HOPES TO INSPIRE THE HEARTS, MINDS, AND IMAGINATIONS OF ITS MEMBERS AND VISITORS. THE MUSEUM PROVIDES THE PUBLIC WITH OPPORTUNITIES TO LEARN ABOUT THE PAST, APPRECIATE AND EVALUATE THE PRESENT, AND CONTEMPLATE THE FUTURE. THE CURRIER SERVES ALL AGE GROUPS INCLUDING A CULTURALLY VARIED AUDIENCE FROM NEW HAMPSHIRE AND THE REGION. THE MUSEUM AIMS TO BE A LEADER IN DEVELOPING INNOVATIVE LEARNING EXPERIENCES THAT INCREASE PEOPLE'S UNDERSTANDING, APPRECIATION, AND ENJOYMENT OF THE ARTS AND HUMANITIES. 1 0 2574956 202822 COLLECTION: BUILDING, RESEARCHING, AND PRESERVING A MAJOR ART COLLECTION. THE CURRIER MUSEUM OF ART POSSESSES A SIGNIFICANT COLLECTION OF MORE THAN 13,875 OBJECTS WHICH IS THE BASIS OF ITS MISSION AND PROGRAMMING. THE MUSEUM SHOWCASES AS PART OF THE COLLECTION THE ZIMMERMAN HOUSE. THE HISTORIC HOUSE IS THE ONLY FRANK LLOYD WRIGHT DESIGNED RESIDENCE IN NEW ENGLAND THAT IS OPEN TO THE PUBLIC. APPROXIMATELY 61,300 VISITORS EXPERIENCED THE MUSEUM'S COLLECTION IN FISCAL YEAR 2017, 7,880 OF WHICH WERE FROM STUDENT GROUPS AND 4,600 WHO TOURED THE ZIMMERMAN HOUSE. THE CURATORIAL STAFF RESEARCHES AND PUBLISHES ACQUISITIONS AND THE COLLECTION, WHILE EDUCATION AND COMMUNITY STAFF USE THE COLLECTION TO INSPIRE AUDIENCES. 1108151 37801 281415 EDUCATION AND COMMUNITY PROGRAMS: THE MUSEUM CREATES INNOVATIVE PROGRAMMING THAT SEEKS TO REACH A WIDE VARIETY OF AUDIENCES. THESE RANGE FROM SCHOOL TOURS, EVENING PROGRAMS, MUSIC AND PERFORMANCE, TO LARGE-SCALE COMMUNITY EVENTS. SINCE 1939, THE CURRIER ART CENTER HAS OFFERED STUDIO-BASED CLASSES IN THE VISUAL ARTS FOR CHILDREN AND ADULTS, WITH AN ANNUAL ENROLLMENT OF 1600 TO 1700 STUDENTS. THE ART CENTER OFFERS SCHOLARSHIPS TO THOSE STUDENTS WHO DEMONSTRATE A FINANCIAL NEED. 835542 109143 EXHIBITIONS: THE CURRIER MUSEUM OF ART HOSTS 6 TO 7 SPECIAL EXHIBITIONS EACH YEAR TO PRESENT A WIDE VARIETY OF ART TO THE PUBLIC. SOME EXHIBITIONS ARE BASED ON THE SCOPE OF THE PERMANENT COLLECTION, BUT THE MUSEUM REGULARLY PRESENTS EXHIBITIONS THAT EXPLORE OTHER FIELDS. THE MUSEUM AIMS TO BALANCE HISTORICAL AND CONTEMPORARY OFFERINGS, AND EUROPEAN, AMERICAN, AND NON-WESTERN THEMES. THE MUSEUM PRESENTS A FULL RANGE OF EDUCATIONAL AND COMMUNITY PROGRAMS THAT EXPAND THE CONTENT OF THE EXHIBITIONS. 744693 ANCILLARY SERVICES: IN ADDITION TO EXHIBITION GALLERIES, THE MUSEUM FACILITY INCLUDES TWO CLASSROOMS, A 180-SEAT AUDITORIUM, WINTER GARDEN CAFE, MUSEUM SHOP, AND ENTRANCE PLAZA. 744693 5263342 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 1 0 0 0 1 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 46 0 1 133 1 1 1 0 0 0 0 1 1 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NH X SHEILA MCNEIL DIRECTOR OF FINANCE 6036696144 150 ASH STREET MANCHESTER NH 03104 HARRY SHEPLER PRESIDENT 1.00 0.00 X X 0 0 0 M CHRISTINE DWYER IMMEDIATE PAST PRESIDENT 1.00 0.00 X X 0 0 0 ELIZABETH HITCHCOCK VICE PRESIDENT 1.00 0.00 X X 0 0 0 JOHN H MORISON III CLERK/TREASURER 1.00 0.00 X X 0 0 0 DWIGHT D CHURCHILL TRUSTEE 1.00 0.00 X 0 0 0 PAMELA DIAMANTIS TRUSTEE 1.00 0.00 X 0 0 0 STEPHEN DUPREY TRUSTEE 1.00 0.00 X 0 0 0 MARGARET GAILLARD TRUSTEE 1.00 0.00 X 0 0 0 JEAN C GOTTESMAN TRUSTEE 1.00 0.00 X 0 0 0 PATRICIA HOWARD TRUSTEE 1.00 0.00 X 0 0 0 DAVID A JENSEN TRUSTEE 1.00 0.00 X 0 0 0 BENJAMIN KELLEY TRUSTEE 1.00 0.00 X 0 0 0 PETER R MILNES TRUSTEE 1.00 0.00 X 0 0 0 THOMAS SILVIA TRUSTEE 1.00 0.00 X 0 0 0 NIKE SPELTZ TRUSTEE 1.00 0.00 X 0 0 0 JOHN F SWOPE TRUSTEE 1.00 0.00 X 0 0 0 RICHARD THORNER TRUSTEE 1.00 0.00 X 0 0 0 ANDY CREWS TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL COSTA TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM UPTON TRUSTEE 1.00 0.00 X 0 0 0 LUCY FOWLKES BREED TRUSTEE (TERM ENDED 11/2016) 1.00 0.00 X 0 0 0 ALAN CHONG DIRECTOR/CEO 40.00 0.00 X 59277 0 0 SUSAN STRICKLER FORMER DIRECTOR/CEO 40.00 0.00 X 112046 0 634 PAUL STALLER FORMER DEVELOPMENT DIRECTOR 40.00 0.00 X 100001 0 0 271324 0 634 2 0 0 0 0 295932 102095 24500 1189456 68722 1611983 ADMISSIONS 713990 310235 310235 ART CENTER TUITION 611610 233626 233626 PUBLIC PROGRAMMING & EDUCATION 611710 45784 45784 3735 3735 593380 784016 -35192 819208 113895 18362 95533 95533 95533 7520161 2284681 5235480 5235480 5235480 57930 102095 47224 10706 10706 18725 6762 11963 11963 452213 174397 277816 277816 8620877 593380 -35192 6450706 37801 37801 286818 21629 188979 76210 2224371 1768205 193829 262337 29681 24281 3137 2263 130163 106976 11407 11780 182999 130445 27729 24825 9224 9224 34350 34350 224858 224858 18878 18878 142307 135500 6807 119314 83076 25335 10903 72195 52903 12854 6438 516681 433690 82991 12508 774 11734 12987 1435 11552 817628 710499 107129 80716 43664 37052 PURCHASE OF ART 1277343 1277343 EXHIBITIONS & COLLECTIO 335180 335180 PUBLIC PROGRAMS AND EDU 95980 95980 OTHER 47364 3961 43403 37921 37921 6747267 5263342 1044441 439484 258302 271846 661560 1210509 88807 493407 2835 2766 104955 106670 131902 159572 31026502 15403619 16425542 15622883 53092010 58279362 21365081 21664953 92130994 97811968 250199 226014 122099 153814 372298 379828 X 2205503 2404222 38825523 44306148 50727670 50721770 91758696 97432140 92130994 97811968 1873610 3799834 0 X X 0 1 X 1 0 X 1418731 1995114 2324314 1324044 1611982 8674185 1418731 1995114 2324314 1324044 1611982 8674185 756065 7918120 793720 602221 588213 480564 933103 3397821 0 34684 119471 204333 0 358488 12430494 5285163 0.63700 0.57950 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 1 71343991 212 9351114 3101350 214134 77379833 79583034 -3214970 4818004 206069 71343991 82363329 829906 3392257 217944 79583034 81601664 12338854 11366624 210565 82363329 78059694 11447551 7703626 201955 81601664 0.00000 0.64900 0.35100 0 0 96000 96000 27401057 12591032 14810025 3529445 2812587 716858 15622883 GLOBAL AND PRIVATE REAL ESTATE FUNDS 2029162 F HEDGE FUNDS 19635791 F 21664953 X 12264207 3799834 68354 3868188 8396019 224858 224858 8620877 6590763 68354 68354 6522409 224858 224858 6747267 PART III, LINE 1A: IN CONFORMITY WITH INDUSTRY PRACTICE, ART PURCHASED AND DONATED IS NOT RECORDED IN THE ACCOMPANYING STATEMENTS OF FINANCIAL POSITION. THE MUSEUM'S COLLECTION, INCLUDING THE ZIMMERMAN HOUSE, REPRESENTS ONE OF ITS MOST VALUABLE ASSETS. ACCESSIONS AND DEACCESSIONS ARE APPROVED BY THE MUSEUM'S BOARD OF TRUSTEES AND THE PROCEEDS FROM DEACCESSION ARE USED SOLELY FOR THE ACQUISITION OF COLLECTION ITEMS. THE VALUE OF THE OBJECTS ACQUIRED BY GIFT, FOR WHICH THE MUSEUM CAN MAKE A REASONABLE ESTIMATE, TOTALED $222,550 AND $193,700 FOR THE YEARS ENDED JUNE 30, 2017 AND 2016, RESPECTIVELY. AN ESTIMATE OF THE TOTAL VALUE OF OBJECTS ACQUIRED BY GIFT IN YEARS PRIOR TO 1997 IS NOT READILY DETERMINABLE. THE TOTAL VALUE OF GIFTS RECEIVED SINCE 1997 IS $12,224,445. THE TOTAL VALUE OF OBJECTS PURCHASED FROM DECEMBER 31, 1997 THROUGH JUNE 30, 2017 AND 2016 WAS $25,233,583 AND $23,956,240, RESPECTIVELY. FOR THE YEAR ENDED JUNE 30, 2016 THE MUSEUM SOLD DEACCESSIONED COLLECTIONS AND OBJECTS TOTALING $51,276. THE SELLING PRICE OF THESE ITEMS APPROXIMATED THEIR FAIR VALUE. THERE WERE NO SALES OF DEACCESSIONED COLLECTIONS AND OBJECTS OF ART FOR THE YEAR ENDED JUNE 30, 2017. PART III, LINE 4: THE CURRIER IS NEW HAMPSHIRE'S LARGEST ART MUSEUM WITH WORLD-CLASS EUROPEAN AND AMERICAN ART COLLECTIONS OF OVER 13,875 OBJECTS THAT ARE AT THE CORE OF ITS EDUCATION, STUDIO AND EXHIBITION PROGRAMS. COMPRISED OF THE MUSEUM, ART CENTER AND THE FRANK LLOYD WRIGHT DESIGNED ZIMMERMAN HOUSE, THE CURRIER RECEIVED REACCREDITATION FROM THE AMERICAN ALLIANCE OF MUSEUMS IN NOVEMBER OF 2012. IN ITS 98 YEAR HISTORY, THE MUSEUM HAS BUILT COLLECTIONS OF BOTH INTERNATIONAL STATURE AND REGIONAL IMPORTANCE. TODAY, THE MUSEUM'S HOLDINGS INCLUDE MAJOR WORKS BY SUCH EUROPEAN MASTERS AS TIEPOLO, CONSTABLE, MONET, PICASSO AND MATISSE, AMONG MANY OTHERS. THE AMERICAN ART COLLECTIONS ARE THE MOST COMPREHENSIVE IN NORTHERN NEW ENGLAND AND INCLUDE WORKS BY HOMER, HASSAM, O'KEEFE, CALDER AND GOTTLIEB, AS WELL AS EXTENSIVE HOLDINGS OF SCULPTURE, PHOTOGRAPHY, GLASS, SILVER, PEWTER AND FURNITURE. THE CALIBER OF THE COLLECTIONS MATCHES THAT OF MANY METROPOLITAN MUSEUMS AND OBJECTS ARE FREQUENTLY LOANED TO MUSEUMS AROUND THE WORLD. THE CURRIER HAS A LONG-STANDING COMMITMENT TO COLLECT THE BEST ART MADE IN NEW HAMPSHIRE IN ORDER TO REFLECT THE REGION'S VITAL CULTURAL TRADITIONS. AN ANNUAL ROSTER OF 6-7 SPECIAL EXHIBITIONS THAT COMPLEMENTS THE PERMANENT COLLECTION DISPLAYS ARE INTERPRETED THROUGH A RANGE OF PROGRAMS INCLUDING GUIDED TOURS, HANDS-ON ART MAKING ACTIVITIES, ARTIST TALKS, AND THROUGH SUCH RESOURCES AS FAMILY GUIDES. APPROXIMATELY 7,900 STUDENTS VISIT THE CURRIER EACH YEAR ON A FORMAL TOUR PROGRAM. THE ART CENTER OFFERS YEAR-ROUND STUDIO PROGRAMS WITH ANNUAL ENROLLMENTS OF OVER 1,600 STUDENTS FROM 40 SURROUNDING COMMUNITIES. THE ZIMMERMAN HOUSE DRAWS ABOUT 4,600 VISITORS ANNUALLY ON GUIDED TOURS OF ABOUT 13 VISITORS EACH. OUTREACH PROGRAMS REACH PUBLIC SCHOOLS, LIBRARIES SOCIAL SERVICE AGENCIES AND COMMUNITY ORGANIZATIONS THROUGHOUT NEW HAMPSHIRE. THE CURRIER'S COLLECTIONS ARE ACCESSIBLE TO THE PUBLIC THROUGH THE ONLINE COLLECTIONS DATABASE WHICH INCLUDES IMAGES AND BASIC DATA FOR ALL OBJECTS IN THE COLLECTION. IT ALSO PROVIDES SUPPLEMENTAL INFORMATION TO SUPPORT THE ONLINE CURRICULUM FOR EDUCATORS. PART V, LINE 4: THE ENDOWMENT FUNDS ARE USED FOR MUSEUM OPERATIONS, ART ACQUISITION, CONSERVATION, LIBRARY BOOK PURCHASES, AND SCHOLARSHIPS. PART X, LINE 2: THE INTERNAL REVENUE SERVICE, IN A LETTER DATED JULY 16, 2004, DETERMINED THAT THE MUSEUM IS A PUBLICLY-SUPPORTED CHARITY UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND, THEREFORE, IS NOT SUBJECT TO FEDERAL INCOME TAXES OR THE FEDERAL EXCISE TAXES IMPOSED UPON PRIVATE FOUNDATIONS. TAX-EXEMPT ORGANIZATIONS COULD BE REQUIRED TO RECORD AN OBLIGATION FOR INCOME TAXES AS THE RESULT OF A TAX POSITION THEY HAVE HISTORICALLY TAKEN ON VARIOUS TAX EXPOSURE ITEMS INCLUDING UNRELATED BUSINESS INCOME OR TAX STATUS. IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA, ASSETS AND LIABILITIES ARE ESTABLISHED FOR UNCERTAIN TAX POSITIONS TAKEN OR POSITIONS EXPECTED TO BE TAKEN IN INCOME TAX RETURNS WHEN SUCH POSITIONS ARE JUDGED NOT TO MEET THE "MORE-LIKELY-THAN-NOT" THRESHOLD, BASED UPON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT HAS EVALUATED THE MUSEUM'S TAX POSITIONS TAKEN ON ITS FILED TAX RETURNS AND CONCLUDED THAT THE MUSEUM HAS MAINTAINED ITS TAX EXEMPT STATUS, DOES NOT HAVE ANY SIGNIFICANT UNRELATED BUSINESS INCOME AND HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 53,986. RENTAL EXPENSES 18,362. LOSS ON DISPOSAL OF ASSET -3,994. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 53,986. LOSS ON DISPOSAL OF ASSET -3,994. RENTAL EXPENSES 18,362. CENTRAL AMERICA AND CARIBBEAN 0 0 INVESTMENTS 5448874 0 0 0 0 0 0 5448874 0 5448874 1 0 1 1 0 0 SCHEDULE F, PART IV, LINES 3 & 4 THE MUSEUM HAS AN OWNERSHIP INTEREST IN SEVERAL FOREIGN CORPORATE HOLDINGS AS WELL AS BEING AN INDIRECT SHAREHOLDER OF SEVERAL PASSIVE FOREIGN INVESTMENT COMPANIES (PFIC) BY WAY OF THEIR OWNERSHIP IN VARIOUS ALTERNATIVE INVESTMENTS. THE MUSEUM'S INTEREST IN THESE FOREIGN CORPORATIONS DID NOT SURPASS THE FILING THRESHOLD FOR FORM 5471 OR FORM 926. ADDITIONALLY, THE MUSEUM HAD NO UNRELATED BUSINESS INCOME RELATED TO THEIR PFIC INTEREST AND THEREFORE IS NOT REQUIRED TO FILE FORM 8621. GALA DINNER & AUCTION 160025 102095 57930 4099 18677 11395 13053 160025 102095 57930 4099 18677 11395 13053 47224 10706 18725 6762 1 0.30000 18725 6762 6762 11963 NH 1 0 1 0 1.00000 SHEILA MCNEIL DIRECTOR OF FINANCE 150 ASH STREET MANCHESTER NH 03104 0 PAUL STALLER 0 RAFFLE TICKETS WERE SOLD THROUGH THE DEVELOPMENT DEPARTMENT UNDER THE SUPERVISION OF THE DIRECTOR OF DEVELOPMENT (SEE ADDITIONAL INFORMATION IN PART IV). X 0 SCHEDULE G PART III, LINE 16 RAFFLE TICKETS WERE SOLD THROUGH THE DEVELOPMENT DEPARTMENT UNDER THE SUPERVISION OF THE DIRECTOR OF DEVELOPMENT. THE DIRECTOR OF DEVELOPMENT OVERSAW AND ORGANIZED STAFF, VOLUNTEER AND COMMITTEE MEETINGS. TOTAL COMPENSATION PAID TO THE DEVELOPMENT DIRECTOR WAS IN HIS CAPACITY AS AN EMPLOYEE OF THE CURRIER. SERVICES PROVIDED IN THAT ROLE WERE NOT LIMITED TO THE RAFFLE EVENT. BECAUSE THE RAFFLE REPRESENTS A VERY SMALL PORTION OF THE SERVICES HE PROVIDED TO THE CURRIER, NO REASONABLE BASIS FOR THE AMOUNT OF COMPENSATION RELATED TO GAMING SERVICES CAN BE ESTABLISHED. 1 SCHOLARSHIPS PROVIDED TO UNDERPRIVILEGED STUDENTS TO ATTEND ART CLASSES OR CAMPS. 168 37801 PART I, LINE 2: PROSPECTIVE SCHOLARSHIP RECIPIENTS ARE REQUIRED TO COMPLETE A SCHOLARSHIP APPLICATION AND PROVIDE EITHER TWO COPIES OF WAGE RECEIPTS OR THEIR LATEST TAX RETURN (FORM 1040). X 21 0 X 7 68722 STOCK EXCHANGE PRICE 4 0 1 1 PART I, LINE 32B: THE MUSEUM USES A THIRD-PARTY BROKER TO SELL GIFTS OF SECURITIES. PART I, LINE 33: THE DOLLAR VALUE OF GIFTS OF ARTWORK IS NOT REPORTED ON FORM 990, PART VIII, LINE 1G, AS THE MUSEUM DOES NOT CAPITALIZE ITS COLLECTIONS OR REPORT THEM AS REVENUE, AS ALLOWED UNDER SFAS 116. FORM 990, PART III, LINE 2 NO NEW PROGRAM SERVICES WERE ADDED HOWEVER MANAGEMENT HAS EXAMINED ITS PAST PROGRAM SERVICES AND COMBINED THE ZIMMERMAN HOUSE INTO THE CURATORIAL PROGRAM SINCE THIS IS A MAJOR PART OF THE CURATORIAL PROGRAM. ADDITIONALLY, THE ART CENTER AND THE ART EDUCATION PROGRAMS WERE COMBINED UNDER ONE PROGRAM AS THEY ARE PARALLEL PROGRAMS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE, THE DIRECTOR/CEO, THE DEPUTY DIRECTOR AND THE DIRECTOR OF FINANCE. THE FULL BOARD RECEIVES A COPY OF THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CURRIER MUSEUM OF ART'S CONFLICT OF INTEREST POLICY REQUIRES EVERY TRUSTEE AND OFFICER TO DISCLOSE ANY KNOWN OR POTENTIAL CONFLICT OF INTEREST TO THE BOARD PRESIDENT, PRIOR TO ANY ACTION, DECISION, OR VOTE OCCURRING WITH THE POTENTIAL CONFLICT. THE TRUSTEE OR OFFICER HAVING THE POTENTIAL CONFLICT IS NOT PERMITTED TO PARTICIPATE WHEN THE DETERMINATION IS MADE OR WHEN A DECISION OR VOTE IS TAKEN WHERE A CONFLICT OF INTEREST MAY EXIST, ANNUALLY, EVERY TRUSTEE AND OFFICER IS REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST, OR ATTEST TO THE FACT THAT THERE ARE NONE, IN WRITING. THE SIGNED STATEMENTS ARE REVIEWED AND MAINTAINED BY THE DIRECTOR OF FINANCE. NO CONFLICTS OF INTEREST BETWEEN THE CURRIER MUSEUM OF ART AND ANY MEMBER OF ITS BOARD OR OFFICERS EXISTED DURING FISCAL YEAR 2017. FORM 990, PART VI, SECTION B, LINE 15A PRIOR TO ANY CHANGE IN PAY, THE BOARD PRESIDENT REVIEWS CURRENT AND HISTORICAL COMPENSATION FOR THE DIRECTOR/CEO. A COPY OF PERTINENT SALARY INFORMATION FOUND IN THE AAMD (AMERICAN ASSOCIATION OF MUSEUM DIRECTORS) ANNUAL SALARY SURVEY IS ALSO PROVIDED TO THE PRESIDENT. FORM 990S OF SIMILAR ORGANIZATIONS ARE REVIEWED WHEN DETERMINING KEY EMPLOYEE COMPENSATION. DURING AN EXECUTIVE SESSION OF THE BOARD OF TRUSTEES, THE DIRECTOR/CEO'S PERFORMANCE IS REVIEWED AND ANNUAL COMPENSATION IS DETERMINED. A SIGNED LETTER FROM THE BOARD PRESIDENT APPROVING THE DIRECTOR/CEO'S COMPENSATION IS PROVIDED TO HUMAN RESOURCES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. COPIES OF THESE DOCUMENTS ARE ALSO AVAILABLE TO THE PUBLIC IN THE CURRIER LIBRARY. FORM 990 PART XII, LINE 2C THE FINANCE COMMITTEE OF THE CURRIER MUSEUM OF ART MEETS ANNUALLY WITH ITS INDEPENDENT AUDIT/CPA FIRM. THIS MEETING INCLUDES AN EXECUTIVE SESSION AT WHICH THE DIRECTOR/CEO AND THE DIRECTOR OF FINANCE ARE NOT PRESENT. THE AUDIT IS COMPLETED IN ACCORDANCE WITH AUDITING STANDARDS GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA, THE DRAFT FINANCIAL STATEMENTS AND MANAGEMENT LETTER ARE PRESENTED BY THE CPA AND THOROUGHLY REVIEWED BY THE FINANCE COMMITTEE. AFTER REVIEW AND APPROVAL OF THE AUDITED FINANCIAL STATEMENTS AND ANY MANAGEMENT LETTER BY THE FINANCE COMMITTEE, THE FINAL AUDIT IS PRESENTED TO THE FULL BOARD FOR REVIEW AND APPROVAL. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS.