2018-10-30T15:57:57-05:00 2017-12-31 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2017-01-01 133585408 MUSEUM OF ARTS AND DESIGN MUSE 2122997777 2 COLUMBUS CIRCLE NEW YORK NY 100191800 DENISE LEWIS CFO 2122997777 2018-10-30 1 MICHAEL WALLACE P00881958 2126972299 38.142.140.186 2018-10-30 11:48:29 ED P 7EE24DDEAA34AFAE9DF92C3D2672F42BD3DA974D 5113AD6B164773D5121634EC23FD61D36CB6A590 2017 2018-06-14 16:35:46Z MICHELE COHEN 2 COLUMBUS CIRCLE NEW YORK NY 100191800 13728617 0 X WWW.MADMUSEUM.ORG X 1991 NY THE MUSEUM OF ARTS AND DESIGN COLLECTS, DISPLAYS, AND INTERPRETS OBJECTS THAT DOCUMENT CONTEMPORARY AND HISTORIC INNOVATION IN CRAFT, ART, AND DESIGN. IN ITS EXHIBITIONS AND EDUCATIONAL PROGRAMS, THE MUSEUM CELEBRATES THE CREATIVE PROCESS THROUGH WHICH MATERIALS AND PROCESS ARE BROUGHT TO BEAR TO CREATE ARTISTIC WORKS THAT ENHANCE CONTEMPORARY LIFE. 29 29 138 70 0 0 7347935 6328195 809641 805842 207275 288869 2350747 2259260 10715598 9682166 0 0 0 0 4935565 4480454 156248 223176 2588329 7888255 7374361 12980068 12077991 -2264470 -2395825 86836118 86339976 932409 802387 85903709 85537589 X TO COLLECT, DISPLAY AND INTERPRET OBJECTS IN CRAFT ART AND DESIGN. 0 0 5490213 787866 EXHIBITIONS EACH YEAR, THE MUSEUM OF ARTS AND DESIGN PRESENTS A NUMBER OF GROUNDBREAKING EXHIBITIONS THAT SUPPORT ITS MISSION TO CHAMPION MAKERS ACROSS CREATIVE FIELDS. IN FY17, THE MUSEUM HAD DISTINCT EXHIBITIONS AT ITS HOME ON COLUMBUS CIRCLE, INCLUDING SONIC ARCADE: SHAPING SPACE WITH SOUND (SEPTEMBER 14, 2017 TO FEBRUARY 25, 2018); NOORDEMAN AND WRIGHT:AUDIOWEAR (PART OF SONIC ARCADE: SHAPING SPACE WITH SOUND)(AUGUST 22, 2017 TO FEBRUARY 11, 2018); STUDIO PSK: POLYPHONIC PLAYGROUND (PART OF SONIC ARCADE: SHAPING SPACE WITH SOUND)(AUGUST 22, 2017 TO FEBRUARY 11, 2018); STUDIO VIEWS: CRAFT IN THE EXPANDED FIELD (AUGUST 22, 2017 TO JANUARY 7, 2018); FELLOW FOCUS: ILANA HARRIS-BABOU, ONE BAD RECIPE (SEPTEMBER 7, 2017 TO OCTOBER 22, 2017); NEW ACQUISITIONS: STANLEY ROSEN, MAD COLLECTS (NOVEMBER 28, 2016 TO SEPTEMBER 11, 2017); COUNTER-COUTURE: HANDMADE FASHION IN AN AMERICAN COUNTERCULTURE (MARCH 2, 2017 TO AUGUST 20, 2017); JUDITH LEIBER: CRAFTING A NEW YORK STORY (APRIL 4, 2017 TO AUGUST 6, 2017);FASHION AFTER FASHION (APRIL 27, 2017 TO AUGUST 6, 2017); RESPONSE: MELANIE BERNIER, YOU CAN'T BURY ME, I'M ALREADY UNDERGROUND (MAY 11, 2017 TO JULY 2, 2017); FELLOW FOCUS: JES FAN, NO CLEARANCE IN NICHE (MARCH 2, 2017 TO APRIL 30, 2017). 3301238 1414326 EDUCATION AND PROGRAMMING THE MUSEUM OF ARTS AND DESIGN'S EDUCATION PROGRAMS PROVIDE ENRICHMENT AND EXPOSURE TO THE ARTS FOR THOUSANDS OF K-12 STUDENTS ANNUALLY-WITH AN EMPHASIS ON REACHING UNDERSERVED YOUTH. THESE PROGRAMS TAKE PLACE THROUGHOUT THE GALLERIES AND MAD'S SIXTH-FLOOR EDUCATION CENTER, AS WELL AS IN OFFSITE SCHOOL CLASSROOMS, WHICH ALLOWS THE MUSEUM TO REACH WIDER AUDIENCES AND CATER TO A VARIETY OF STUDENTS WITH SPECIAL NEEDS. WHILE THE MECHANISMS AND/OR TARGET POPULATIONS OF THESE PROGRAMS DIFFER, THEY SHARE THE SAME OVERARCHING GOALS: TO BROADEN THE EXPERIENCE AND KNOWLEDGE OF NEW YORK CITY'S SCHOOL CHILDREN; MAKE LEARNING OPPORTUNITIES AVAILABLE TO THOSE WHO WOULD OTHERWISE NOT HAVE ACCESS; BUILD CRITICAL THINKING AND PROBLEM SOLVING SKILLS; AND CREATE AN ENVIRONMENT OF SUCCESS THAT NOT ONLY FOSTERS SELF-CONFIDENCE AND SELF-ESTEEM, BUT ALSO IMPACTS LIFELONG ACHIEVEMENT. MADLAB K-12MADLAB K-12 IS THE MUSEUM'S FLAGSHIP ARTS-IN-EDUCATION PROGRAM DESIGNED TO ENGAGE K-12 STUDENTS ACROSS NEW YORK CITY IN THE ART OF MAKING; ENCOURAGE SOCIAL AND SKILL DEVELOPMENT VIA LEARNING WITH THE HANDS; AND HELP STUDENTS AND TEACHERS ACHIEVE THE REQUIREMENTS OF NYC'S BLUEPRINT FOR TEACHING AND LEARNING IN THE ARTS. THE PROGRAM'S CORE IS A 90-MINUTE TOUR/WORKSHOP TIED TO CLASSROOM SUBJECTS AND STRUCTURED AROUND CURRENT EXHIBITIONS. ARTS ACCESSAS A CORE PART OF MAD'S COMMITMENT TO BRING ARTS EDUCATION TO UNDERSERVED YOUTH, THE MUSEUM OFFERS MADLAB K-12 FREE OF CHARGE TO NYC'S TITLE I SCHOOLS THROUGH ARTS ACCESS. SINCE ITS LAUNCH IN 2010, THE PROGRAM HAS COME TO ACCOUNT FOR MORE THAN 40% OF ALL SCHOOLS SERVED. ARTS REACHARTS REACH PROVIDES ON-SITE STUDIO ART CLASSES TO STUDENTS SERVING SCHOOL SUSPENSIONS IN THE NEW YORK CITY DEPARTMENT OF EDUCATION'S ALTERNATE LEARNING CENTERS. THROUGH THIS PROGRAM, TEACHING ARTISTS LEAD STUDENTS IN ONE-HOUR SESSIONS TWICE A WEEK WHERE-THROUGH HANDS-ON ART MAKING ACTIVITIES-YOUTH ARE INTRODUCED TO MATERIALS AND PROCESSES FROM THE MUSEUM'S EXHIBITIONS, WITH THE GOAL OF FOSTERING VISUAL LITERACY, CRITICAL THINKING SKILLS, SELF-EXPRESSION, AND SELF-ESTEEM. ARTSLIFE INTERNSHIPSEACH SUMMER, ARTSLIFE ENABLES TEN RISING HIGH SCHOOL JUNIORS AND SENIORS TO PURSUE SEVEN-WEEK PAID INTERNSHIPS WITH THE MUSEUM, INTEGRATING THEM INTO A VARIETY OF OPERATIONS AND PROVIDING THEM WITH AN IMPORTANT PERSPECTIVE ON THE WORKING WORLD. PARTICIPANTS REFLECT THE VAST GEOGRAPHIC, CULTURAL AND SOCIOECONOMIC DIVERSITY OF THE CITY, AND ALSO COME INTO THE PROGRAM WITH LIMITED OR NO PREVIOUS EXPERIENCE WITH THE ARTS. THE PROGRAM PROVIDES THE STUDENTS WITH OPPORTUNITIES TO DEVELOP A RANGE OF KEY LEADERSHIP, COMMUNICATION AND SOCIAL SKILLS NEEDED FOR FUTURE SUCCESS. ARTSLIFE INTERNS ENGAGE IN A RANGE OF ACTIVITIES THAT FALL INTO FOUR CATEGORIES-MUSEUM STUDIES, LEADERSHIP WORKSHOPS AND FIELD TRIPS.ARTIST STUDIOSTHE ARTIST STUDIOS HOST ARTISTS AND DESIGNERS DAILY AS THEY PRODUCE THEIR WORK IN A LIVE STUDIO ENVIRONMENT. VISITORS TO MAD MEET WORKING ARTISTS WHO OPENLY WELCOME QUESTIONS AND DIALOGUE, AND DISCUSS THEIR PROCESSES, MATERIALS, AND CONCEPTS WITH DIVERSE MEMBERS OF THE PUBLIC. THIS PROGRAM SERVES AS AN INNOVATIVE MODEL OF INTERACTIVITY AND ENGAGEMENT THAT BENEFITS LOCAL ARTISTS AND MUSEUM VISITORS THROUGH OBSERVATION, MAKING, AND DISCUSSION OF CREATIVE PROCESSES. THE MUSEUM SUPPORTS LIVING ARTISTS, PROVIDING NEEDED RESOURCES SUCH AS STIPENDS, STUDIO SPACE, PROFESSIONAL DEVELOPMENT OPPORTUNITIES, AND EXPOSURE TO ART PROFESSIONALS SUCH AS CURATORS, ACADEMICS AND PROGRAMMERS.FAMILY AND INTERGENERATIONAL PROGRAMSSTUDIO SUNDAY IS A PLAY-BASED EXPERIENCE FOR MULTI-GENERATIONAL VISITORS TO LEARN NEW SKILLS AND IDEAS TOGETHER IN A SEMI-STRUCTURED ART STUDIO AND GALLERY-BASED ENVIRONMENT. STUDIO SUNDAY IS A DROP-IN PROGRAM THAT TAKES PLACE THE FIRST SUNDAY OF EVERY MONTH FROM 10:00 AM - 1:00 PM. EACH STUDIO SUNDAY IS UNIQUE, FREE WITH MUSEUM ADMISSION AND OPEN TO ANYONE AGES 5 AND UP.MADREADS IS A LITERACY-BASED PROGRAM FOR CHILDREN AND THEIR ADULT COMPANIONS THAT NURTURE A LOVE OF READING BY BRINGING BOOKS TO LIFE BY CONNECTING THEIR THEMES TO ARTWORKS. MAD READS IS A MIX OF INTERACTIVE STORY TIME, A GALLERY VISIT, AND VISUAL EXPLORATION THAT IS FUN FOR THE WHOLE FAMILY! MADREADS TAKES PLACE DURING STUDIO SUNDAY FROM 10:00 AM TO 11:00 AM AND IS FREE WITH MUSEUM ADMISSION. MAD ENGAGES VISITORS IN VARIOUS ART MAKING PROCESSES, TECHNIQUES AND IDEAS. LED BY ARTISTS-IN-RESIDENCE, MADMAKES IS A DROP-IN, HANDS-ON SERIES WHERE VISITORS CAN TEST THEIR SKILLS AT ART MAKING AND CREATIVE PRODUCTION. MADMAKES PROVIDES AN OPPORTUNITY FOR VISITORS TO BETTER UNDERSTAND AND APPRECIATE THE WORKMANSHIP THAT GOES INTO CONTEMPORARY STUDIO PRACTICE TODAY.ADULT PROGRAMS:OPENING NEW POSSIBILITIES FOR AUDIENCES TO ENGAGE WITH ARTISTS, DESIGNERS, AND CULTURAL PRODUCERS, MAD ORGANIZES A BROAD SPECTRUM OF INNOVATIVE AND EXPLORATORY PROGRAMS THAT FOSTER FURTHER EXPANSION OF CREATIVE PRACTICES, INCLUDING ARTIST TALKS, SYMPOSIA, PERFORMANCE, WORKSHOPS AND SKILL BUILDING. 8791451 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 97 0 1 138 1 0 0 0 0 0 1 1 0 1 1 0 X 29 29 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY NJ X DENISE LEWIS CFO 2122997777 2 COLUMBUS CIRCLE NEW YORK NY 10019 MICHELE COHEN CHAIR 25.00 X X 0 0 0 JEROME A CHAZEN CHAIRMAN EMERITUS 1.00 X X 0 0 0 LEWIS KRUGER CHAIRMAN EMERITUS 2.00 X X 0 0 0 BARBARA TOBER CHAIRMAN EMERITA 1.00 X X 0 0 0 ANN KAPLAN SECRETARY 1.00 X X 0 0 0 MICHAEL DWECK TREASURER 5.00 X X 0 0 0 DIEGO E ARRIA TRUSTEE 1.00 X 0 0 0 DROR BENSHETRIT TRUSTEE 1.00 X 0 0 0 ANDI POTAMKIN BLACKMORE TRUSTEE 1.00 X 0 0 0 SIMON BOLTON TRUSTEE 1.00 X 0 0 0 MARIAN C BURKE TRUSTEE 1.00 X 0 0 0 SIMONA CHAZEN TRUSTEE 1.00 X 0 0 0 CHARLES S COHEN TRUSTEE 1.00 X 0 0 0 MIKE DE PAOLA TRUSTEE 1.00 X 0 0 0 ERIC DOBKIN TRUSTEE 1.00 X 0 0 0 MARCIA DOCTER TRUSTEE 1.00 X 0 0 0 CVIRGINA FIELDS TRUSTEE 1.00 X 0 0 0 JOAN HORNIG TRUSTEE 1.00 X 0 0 0 MICHAEL JESSELSON TRUSTEE 1.00 X 0 0 0 NANETTE L LAITMAN TRUSTEE 1.00 X 0 0 0 SIMONE LEIGH TRUSTEE 1.00 X 0 0 0 JEFFREY MANOCHERIAN TRUSTEE 1.00 X 0 0 0 MARSY MITTLEMANN TRUSTEE 1.00 X 0 0 0 LAURA TAFT PAULSEN TRUSTEE 1.00 X 0 0 0 LINDA PLATTUS TRUSTEE 1.00 X 0 0 0 KLARA SILVERSTEIN TRUSTEE 1.00 X 0 0 0 ANGELA SUN TRUSTEE 1.00 X 0 0 0 WILLIAM S TAUBMAN TRUSTEE 1.00 X 0 0 0 BARBARA WALDMAN TRUSTEE 1.00 X 0 0 0 JORGE DANIEL VENECIANO EXECUTIVE DIRECTOR (TO 1/2017) 35.00 X 176927 0 11 DENISE LEWIS CHIEF FINANCIAL OFFICER 35.00 X 98245 0 5831 MAUREEN NASH CHIEF DEVEL.OFFICER (TO 10/2017) 35.00 X 155532 0 11577 MATTHEW MCENTEGGART DIRECTOR OF FACILITIES 35.00 X 105000 0 1578 JOHN D'AMBROSIO ASSOCIATE VP, TECHNOLOGY 35.00 X 115000 0 11573 SHANNON RAE STRATTON CHIEF CURATOR 35.00 X 135000 0 11586 HENDRIK MENNO GERRITS DIRECTOR OF EXHIBITIONS 35.00 X 111250 0 11993 CLAIRE LAPORTE CHIEF EXTERNAL AFFAIRS OFFICER 35.00 X 107083 0 4228 1004037 0 58377 7 0 1 0 ALLIED UNIVERSAL PO BOX 828854 PHILADEPHIA PA 19182 SECURITY GUARD SERVICES 630037 THE LAKESIDE COLLABORATIVE 115 WOOSTER STREET 5F NEW YORK NY 10012 STORE RETAIL BRAND 207600 TESS O'DWYER 350 WEST 57TH STREET 9G NEW YORK NY 10019 DEVELOPMENT STRATEGIST 187275 42ND STREET LESSEE LLC 110 EAST 42ND STREET NEW YORK NY 10017 EVENT RENTAL & CATERING 156934 YOUR PART-TIME CONTROLLER LLC 1500 WALNUT STREET SUITE 1200 PHILADEPHIA PA 19102 ACCOUNTING SERVICES 147251 7 481216 1717159 91713 4038107 879550 6328195 MUSEUM ADMISSION FEES 713990 724844 724844 TRAVEL EXHIBITION FEES 713990 63022 63022 MEMBER TRIPS 561520 14130 14130 LECTURES AND WORKSHOPS 900099 3846 3846 805842 292768 292768 849678 0 849678 849678 849678 2080208 2084107 -3899 -3899 -3899 501179 1717159 501179 0 2857515 1461165 1396350 1396350 OTHER REVENUE 900099 13232 13232 13232 9682166 2202192 0 1151779 448123 277143 40070 130910 3316397 2482211 102657 731529 55526 41852 2265 11409 363776 270020 12416 81340 296632 217749 11160 67723 63262 63262 223176 223176 6065 6065 1024003 488454 218117 317432 361813 9592 1227 350994 464152 203825 43857 216470 102265 92557 4218 5490 1685759 1526733 76326 82700 178803 91620 9999 77184 3200 800 2400 2110694 1910344 87037 113313 150304 136037 6198 8069 INSTALLATION AND DESIGN 485113 485113 SHIPPING AND CRATING 193536 184228 267 9041 PRINTING 144481 57407 5801 81273 ART COLLECTION PURCHASE 109589 109589 0 0 291322 206177 4869 80276 12077991 8791451 698211 2588329 1618833 2090450 413392 29479 561988 335186 183883 174617 452091 479272 205121 239749 93154758 24251238 70950016 68903520 12367880 14004789 82914 82914 86836118 86339976 847204 788647 2000 7271 83205 6469 932409 802387 X 72451706 70888947 3130642 4326181 10321361 10322461 85903709 85537589 86836118 86339976 -2395825 2029705 0 X 0 1 X 1 0 X 12840852 7064558 6303011 7347935 6328195 39884551 12840852 7064558 6303011 7347935 6328195 39884551 8382658 31501893 1149700 1234671 1215639 1196512 1142446 5938968 16733 13093 39980 14623 13232 97661 45921180 15443439 0.68600 0.71430 X 3750 3750 12074241 12077991 753900 188475 0 0 821879 764132 799003 753900 3138914 4708371 3750 3750 205407 191033 199751 188475 784666 1176999 X X X X 0 12450794 1100 2310809 675000 14087703 11899279 112000 1014515 575000 12450794 12689978 1300 -216999 575000 11899279 12872829 14750 367935 565536 12689978 11870485 1000 1644344 643000 12872829 0.03980 0.73270 0.22750 0 0 8510400 8510400 9229600 2192030 7037570 70365213 17137472 53227741 5049545 4921736 127809 68903520 DEFERRED RENT LIABILITY 6469 6469 11725454 2029705 19648 2049353 9676101 6065 6065 9682166 12091574 19648 19648 12071926 6065 6065 12077991 PART III, LINE 4: THE MUSEUM MAINTAINS A COLLECTION OF WORKS OF CONTEMPORARY ART OBJECTS. A DESCRIPTION OF THE CONTENTS OF THE PERMANENT COLLECTION IS MAINTAINED BY THE REGISTRAR. THE MUSEUM HAS INSURANCE COVERAGE FOR ITEMS ON ITS PREMISES, IN STORAGE, IN TRANSIT AND ON LOAN AT OTHER LOCATIONS. THE VALUE OF THE COLLECTION, WHICH WAS ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE ORGANIZATION'S INCEPTION, IS NOT REFLECTED AS AN ASSET ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE EXPENSED IN THE YEAR OF ACQUISITION. 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 COLLECTION IS HELD FOR PUBLIC SERVICE RATHER THAN FINANCIAL GAIN, PROTECTED AND PRESERVED, AND SUBJECT TO AN ORGANIZATIONAL POLICY THAT REQUIRES THE PROCEEDS FROM SALES OF SUCH ITEMS TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. PART V, LINE 4: THE ENDOWMENT IS INTENDED TO SUPPORT THE MUSEUM'S EDUCATION PROGRAMS AND GENERAL OPERATIONS. X X X X X X X 1 PRENTICE ART COMMUNICATION 611 BROADWAY SUITE 728 NEW YORK NY 10012 FUNDRAISING EVENT CONSULANT 0 212340 35901 176439 TESS O'DWYER 100 ELEVENTH AVE APT 14C NEW YORK NY 10011 FUNDRAISING CONSULTING AND STRATEGY 0 0 187275 -187275 212340 223176 -10836 NY NJ MAD BALL 2017 1048440 889931 158509 158509 LOOT! 2017 957558 673181 284377 56677 227700 1 212340 154047 58293 58293 2218338 1717159 501179 273479 227700 501179 0 X X X X 1 0 0 0 0 0 0 0 0 JORGE DANIEL VENECIANO EXECUTIVE DIRECTOR (TO 1/2017) 26927 0 0 0 150000 0 0 0 11 0 176938 0 0 0 MAUREEN NASH CHIEF DEVEL.OFFICER (TO 10/2017) 155532 0 0 0 0 0 4666 0 6911 0 167109 0 0 0 PART I, LINE 4A JORGE DANIEL VENECIANO (EXECUTIVE DIRECTOR) WAS PAID A SEVERANCE OF $150,000 FROM FEBRUARY 2017 TO JULY 2017. X 16 52025 AUCTION PROCEEDS X 9 795226 FAIR MARKET VALUE X AUCTION ITEMS 33 32299 AUCTION PROCEEDS 2 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 JEROME A. CHAZEN, CHAIRMAN EMERITUS, AND SIMONA CHAZEN, TRUSTEE - FAMILY RELATIONSHIP. JEROME A. CHAZEN, CHAIRMAN EMERITUS, AND WILLAM S. TAUBMAN, TRUSTEE - BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT WORKS WITH THE MUSEUM'S AUDIT FIRM TO PREPARE THE 990 TAX RETURN. ONCE THE AUDIT FIRM COMPLETES THE 990 IT IS GIVEN TO MANAGEMENT FOR REVIEW. BOTH THE CFO AND THE CONTROLLER REVIEW THE DOCUMENTS PREPARED BY THE AUDIT FIRM TO ENSURE IT IS ACCURATE AND CONSISTENT WITH THE MATERIAL PROVIDED DURING AUDIT. THE AUDIT COMMITTEE THEN REVIEWS THE DOCUMENT. A COPY OF THE 990 IS PROVIDED TO THE ENTIRE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE MUSEUM'S CONFLICT OF INTEREST POLICY IS CONTAINED WITHIN ITS CODE OF ETHICS POLICY. THIS POLICY APPLIES TO ALL EMPLOYEES AND TO BOARD MEMBERS. AT THE BOARD LEVEL THE POLICY IS PRESENTED AND DISTRIBUTED ANNUALLY. A SELF AUDIT TAKES PLACE AND ANY POTENTIAL CONFLICTS ARE DISCLOSED TO THE EXECUTIVE COMMITTEE OF THE BOARD. ALL EMPLOYEES ARE GIVEN AN EMPLOYEE MANUAL ON THEIR FIRST DAY OF EMPLOYMENT WHICH CONTAINS CERTAIN PROVISIONS OF THE CODE OF ETHICS. THE FULL CODE IS AVAILABLE ON THE MUSEUM INTRANET. ALL POTENTIAL CONFLICTS ARE REPORTED TO THE SENIOR MANAGEMENT OF THE MUSEUM AND DISCUSSED BY BOTH THE DIRECTOR AND THE CFO. WHILE MOST POTENTIAL CONFLICTS ARE STRAIGHTFORWARD, LEGAL COUNSEL IS SOUGHT WHEN NECESSARY. FORM 990, PART VI, SECTION B, LINE 15A THE FINANCE COMMITTEE AND THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS OVERALL PAYROLL INFORMATION FOR THE MUSEUM AND PLANNED INCREASES. THE SALARY OF THE DIRECTOR IS SET BY CONTRACT BY THE EXECUTIVE COMMITTEE. WHEN SETTING THE CONTRACT SALARY, THE COMMITTEE RELIES ON DATA AVAILABLE FROM COMPARABLE INSTITUTIONS AND PUBLISHED IN THE 990S OF OTHER INSTITUTIONS. THE COMMITTEE ALSO CONSIDERS LONGEVITY AND ACCOMPLISHMENTS IN SETTING ALL OF THE TERMS OF THE AGREEMENT. THE SALARY IS SET BASED ON MARKET CONDITIONS, COMPARABLE SALARIES, AND STAFF SALARIES WITHIN THE MUSEUM. THE REMAINING STAFF SALARIES ARE SET BASED ON THE EVALUATION BY THE DIRECTOR AND THE CFO. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST