2018-02-15T07:34:25-06:00 2017-09-30 750786316 WEAVER AND TIDWELL LLP 12221 MERIT DRIVE SUITE 1400 DALLAS TX 75251 990 2016-10-01 756067569 PEROT MUSEUM OF NATURE & SCIENCE PERO 2144285555 2201 N FIELD ST DALLAS TX 75201 SALLY MCDONALD BERVEN CFO 2144285555 2018-02-14 1 IRA L NEVELOW P00083210 9724901970 174.47.139.16 2018-02-14 14:37:47 CS P CFA1FC084670AE751803CD09C2EF27BE71D6BD31 08EDD8F73B13B2753B459F612023E944E4380B15 2016 2021-01-29 14:40:06Z LINDA ABRAHAM SILVER 2201 N FIELD ST DALLAS TX 75201 22295524 0 X WWW.PEROTMUSEUM.ORG X 1968 TX THE PEROT MUSEUM OF NATURE AND SCIENCE'S MISSION IS TO INSPIRE MINDS THROUGH NATURE AND SCIENCE." THE MUSEUM COMPLETED ITS NEW BUILDING IN DOWNTOWN DALLAS IN THE FALL OF 2012 AND THROUGH SEPTEMBER 30, 2017, MORE THAN 6 MILLION PEOPLE HAVE VISITED THE MUSEUM OR EXPERIENCED A PEROT MUSEUM OUTREACH PROGRAM. 29 29 434 1759 -384 -384 8035059 7275819 11622985 12241702 -694610 238464 266595 314160 19230029 20070145 9111 0 0 0 9911104 9662415 0 0 1463932 17811010 18123395 27731225 27785810 -8501196 -7715665 196813270 191601839 3858690 3884514 192954580 187717325 X THE PEROT MUSEUM OF NATURE AND SCIENCE'S MISSION IS TO "INSPIRE MINDS THROUGH NATURE AND SCIENCE." THE MUSEUM ACCOMPLISHES THIS MISSION BY DELIVERING EXCITING, ENGAGING AND INNOVATIVE EXPERIENCES THROUGH ITS YEAR ROUND EDUCATIONAL PROGRAMMING, RESEARCH AND COLLECTIONS, ELEVEN STATE-OF-THE-ART PERMANENT EXHIBIT HALLS, HIGH QUALITY TRAVELING EXHIBITIONS, EARLY CHILDHOOD PROGRAMS, AND EDUCATIONAL FILMS TO STUDENTS, TEACHERS, ADULTS, CHILDREN, FAMILIES AND LIFE-LONG LEARNERS. 0 0 16683214 9582950 THE PEROT MUSEUM OF NATURE AND SCIENCE IS THE RESULT OF A SUCCESSFUL $185 MILLION CAPITAL CAMPAIGN TO UNITE THE THREE INSTITUTIONS OF THE MUSEUM OF NATURE & SCIENCE (THE DALLAS MUSEUM OF NATURAL HISTORY, THE SCIENCE PLACE, AND THE DALLAS CHILDREN'S MUSEUM) INTO ONE AMAZING INTERACTIVE BUILDING. WITH A RICH HISTORY AS A RESEARCH AND COLLECTION INSTITUTION, AS WELL AS A HANDS-ON, INTERACTIVE CENTER FOR EXPLORATION AND DISCOVERY, THE PEROT MUSEUM OF NATURE AND SCIENCE, WHICH OPENED DECEMBER 1, 2012, CONTINUES TO STRIVE TO ACHIEVE OUR MISSION TO "INSPIRE MINDS THROUGH NATURE AND SCIENCE" THROUGH A WIDE VARIETY OF ACTIVITIES INCLUDING IN-DEPTH PERMANENT EXHIBITS, TRAVELING EXHIBITS, INTERACTIVE DISCOVERY STATIONS, ONSITE SCHOOL PROGRAMS, SCHOOL OUTREACH PROGRAMS, SUMMER CAMPS, FILMS, AND WEEKEND ACTIVITIES FOR ADULTS, CHILDREN, AND FAMILIES. IN FY 17, THE MUSEUM SERVED OVER 1,100,000 VISITORS, INCLUDING OVER 250,000 SCHOOL-AGED CHILDREN. 3699886 1530999 EDUCATION IS THE CORE OF OUR MISSION AND UNDERPINS ALL OF OUR ACTIVITIES. THE PEROT MUSEUM IS DEDICATED TO IMPROVING SCIENCE AND MATH LITERACY, IMPROVING EMPIRICAL THINKING SKILLS, AND ENGENDERING AN UNDERSTANDING OF THE WORLD'S NATURAL PROCESSES BY ENCOURAGING CHILDREN TO PURSUE CAREERS AS SCIENTISTS, EDUCATORS, RESEARCHERS AND ENGINEERS. THE MUSEUM PROVIDES MORE THAN 40 HANDS-ON, PROBLEM BASED LEARNING PROGRAMS FOR SCHOOL CHILDREN IN GRADES PRE-K TO 12 THAT SUPPORT THE TEXAS ESSENTIAL KNOWLEDGE AND SKILLS (TEKS) STANDARDS. IN ADDITION, THE MUSEUM PROVIDES PROFESSIONAL DEVELOPMENT PROGRAMS FOR TEACHERS. TO ENSURE ACCESSIBILITY TO PEROT MUSEUM PROGRAMS, PARTICULARLY STUDENTS WHO ARE IN AT-RISK NEIGHBORHOODS, THE MUSEUM PROVIDES FINANCIAL AID WITH FUNDS CONTRIBUTED BY INDIVIDUALS, CORPORATIONS AND FOUNDATIONS FOR THIS PURPOSE. THE MUSEUM PROVIDES PROGRAMS BOTH ON-SITE AND OFF-SITE TO THE NORTH TEXAS COMMUNITY. OUR PUBLIC PROGRAM OFFERINGS INCLUDE SCIENCE CAMPS, SLEEPOVERS, SCOUTING ADVENTURES, ADULT PROGRAMS, SCIENCE-THEMED BIRTHDAY PARTIES AND WEEKEND ACTIVITIES FOR CHILDREN AND FAMILIES WHICH APPEAL TO AUDIENCES OF ALL AGES, ETHNICITY AND ECONOMIC MEANS. IN FY 17, THE MUSEUM PROVIDED OVER 3,750 EDUCATION PROGRAMS WHICH SERVED OVER 240,000 CONSTITUENTS, WHICH WERE MOSTLY SCHOOL-AGED CHILDREN. 639142 1126653 THE HOGLUND FOUNDATION THEATER, A NATIONAL GEOGRAPHIC EXPERIENCE, IS A 3D THEATER WHICH PROVIDES VISITORS WITH AN ENGAGING EDUCATIONAL EXPERIENCE. THE MUSEUM FEATURED 10 FILMS IN FY 17 WITH ATTENDANCE TOTALING OVER 200,000. 759714 1100 THE MUSEUM CONTINUES ITS EXPLORATION AND SCIENTIFIC FIELD WORK IN TEXAS AND ALASKA, MAINLY IN THE FIELD OF POLAR PALEONTOLOGY. THESE SCIENTIFIC EXPLORATIONS ALSO EXTEND INTERNATIONALLY AND INCLUDE COUNTRIES LIKE JAPAN, ITALY AND SOUTH KOREA. THE RESULTS OF THE EXPEDITIONS NOT ONLY CONTINUE THE GROWTH OF THE PEROT MUSEUM'S SCIENTIFIC COLLECTIONS AND FURTHER THE MISSION OF THE MUSEUM, THE DYNAMIC NEW DISCOVERIES ALSO PROVIDE THE MUSEUM A CONTINUOUS SOURCE OF INFORMATION FOR REFRESHING ITS EDUCATION AND EXHIBIT PROGRAMMING. 759714 1100 21781956 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 1 93 0 1 434 1 0 0 0 0 0 1 1 0 0 0 0 X 29 29 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X SALLY M BERVEN 2147565837 2201 N FIELD STREET DALLAS TX 75201 HERNAN SAENZ BOARD CHAIR 2.00 X X 0 0 0 MAC MCFARLAND CHAIR-ELECT AND TREASURER 2.00 X X 0 0 0 ANDREW GOULD BOARD SECRETARY 1.00 X X 0 0 0 MARK PLUNKETT DIRECTOR 1.00 X 0 0 0 SHEILA BEUERLEIN DIRECTOR 1.00 X 0 0 0 SAM BLOOM DIRECTOR 1.00 X 0 0 0 WILLIAM LANE BRITAIN DIRECTOR 1.00 X 0 0 0 MICHAEL BRITTIAN DIRECTOR 1.00 X 0 0 0 KELLY COMPTON DIRECTOR 1.00 X 0 0 0 HEATHER GILKER DIRECTOR 1.00 X 0 0 0 DAVID CORRIGAN DIRECTOR 1.00 X 0 0 0 JEFF GREENBERG DIRECTOR 1.00 X 0 0 0 JOAN HILL DIRECTOR 1.00 X 0 0 0 FORREST HOGLUND DIRECTOR 1.00 X 0 0 0 WALT HUMANN DIRECTOR 1.00 X 0 0 0 DON HUMPHREYS DIRECTOR 1.00 X 0 0 0 STEPHANIE HUNT DIRECTOR 1.00 X 0 0 0 KAREN KATZ DIRECTOR 1.00 X 0 0 0 LIBBY MCCABE DIRECTOR 1.00 X 0 0 0 JOHN JAGGERS DIRECTOR 1.00 X 0 0 0 CAROLYN PEROT RATHJEN DIRECTOR 1.00 X 0 0 0 ERIC REEVES DIRECTOR 1.00 X 0 0 0 BART SHOWALTER DIRECTOR 1.00 X 0 0 0 EARL SIMPKINS DIRECTOR 1.00 X 0 0 0 MARY SUHM DIRECTOR 1.00 X 0 0 0 SHARON TINDELL DIRECTOR 1.00 X 0 0 0 ABBY WILLIAMS DIRECTOR 1.00 X 0 0 0 ALEX WINSLOW DIRECTOR 1.00 X 0 0 0 DANIEL TOBEY DIRECTOR 1.00 X 0 0 0 BILL WADE DIRECTOR 1.00 X 0 0 0 KENNETH W WIMBERLY DIRECTOR 1.00 X 0 0 0 SALLY MCDONALD BERVEN CHIEF FINANCIAL OFFICER 40.00 X 169381 0 11548 DAVID HUMPHRIES CHIEF INFORMATION OFFICER/ 40.00 X 225570 0 16050 DAN KOHL INTERIM CEO/VP OF CREATIVI 40.00 X 242117 0 15909 LINDA ABRAHAM SILVER CEO 40.00 X 0 0 0 JAMIE CREOLA VP OF PROGRAMS 40.00 X 107347 0 7343 TONY FIORILLO VP OF RESEARCH & COLLECTIO 40.00 X 102113 0 4258 COLLEEN WALKER FORMER CHIEF EXECUTIVE OFFICER 40.00 X 340295 0 13684 1186823 0 68792 6 1 1 0 REDLEESCS INC 10425 OLYMPIC DRIVE STE A DALLAS TX 75220 JANITORIAL 705645 LANDMARK PROTECTIVE SERVICES INC 221 S STATE HWY 342 RED OAK TX 75154 SECURITY 573998 GUIDEIT 101 E PARK BLVD PLANO TX 75074 INFORMATION TECHNOLOGY 547981 LUKENS CO 2800 SHIRLINGTON ROAD 9TH FLOOR ARLINGTON VA 22206 MARKETING 372297 ENTECH SALES & SERVICES INC 3404 GARDEN BROOK DRIVE DALLAS TX 75234 REPAIRS & MAINTENANCE 265149 13 3531719 1087592 970278 1686230 159807 7275819 ADMISSION FEES - GENERAL 900099 7342884 7342884 EDUCATION PROGRAMS 611710 1530999 1530999 PARKING REVENUE 812930 1301535 1301535 ADMISSION FEES - THEATER 711110 1126653 1126653 STORE COMMISSIONS 900099 460055 460055 479576 479576 12241702 189801 189801 962601 359089 603512 603512 603512 1552193 48520 1502659 49391 49534 -871 48663 48663 25272 1087592 314240 -288968 -288968 ORD INC FROM PTNRSHIPS 523000 -384 -384 -384 20070145 12241702 -384 553008 1128822 334283 745693 48846 7120434 5484909 1021044 614481 122800 98898 15804 8098 614514 432967 129657 51890 675845 484764 137735 53346 245528 245528 15106 8818 5688 600 284994 284994 140 140 585914 169291 381847 34776 1357359 1180879 39916 136564 1546419 940932 221908 383579 796557 11931 775919 8707 1002522 1002522 3344412 3255454 85662 3296 210177 161036 45308 3833 49678 23959 20214 5505 7919818 7507780 411542 496 256646 81384 175262 PROGRAM SERVICES 309136 304761 4079 296 CATERING & HOSPITALITY 200207 51544 39044 109619 MISCELLANEOUS -1218 316 -1534 27785810 21781956 4539922 1463932 560484 467792 22405733 23193943 7951142 6478844 442890 484298 844108 1551917 171891653 38606596 139915050 133285057 24693863 26139988 196813270 191601839 3014052 3073311 844638 811203 3858690 3884514 X 169167106 164857387 16287474 15359938 7500000 7500000 192954580 187717325 196813270 191601839 -7715665 2468252 10158 0 X 0 1 X 1 0 X 6764945 8125830 12987531 8035059 7275819 43189184 47925 575100 575100 575100 575100 2348325 6812870 8700930 13562631 8610159 7850919 45537509 4085782 41451727 1105778 1613126 1265901 915362 1152402 6052569 1718 -1782 -384 -448 -231 19366 19135 51608765 59404082 0.80320 0.83440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X X EDUCATIONAL PROGRAM 0 21661063 2394292 628475 23426880 19526441 971500 1208790 45668 21661063 19328819 728959 -528038 3299 19526441 18469428 70272 811650 22531 19328819 20251795 -1782367 18469428 0.62620 0.32020 0.05360 0 0 21142142 21142142 105929084 15901375 90027709 1500000 400000 1100000 34160969 17423077 16737892 9159458 4882144 4277314 133285057 MUTUAL FUNDS - EQUITIES 4426115 F PRIVATELY MANAGED FUNDS - EQUITIES 19519468 F PRIVATELY MANAGED FUNDS - FIXED INCOME 1065877 F PRIVATELY MANAGED FUNDS - ALTERNATIVE INVESTMENTS 909771 F PRIVATE EQUITY FUND 218757 F 26139988 X 24367658 2468252 1156072 673189 4297513 20070145 0 20070145 29604913 1145914 673189 1819103 27785810 0 27785810 PART III, LINE 1A: THE PHYSICAL FACILITIES AT FAIR PARK AND A PORTION OF THE COLLECTIONS OF THE MUSEUM ARE OWNED BY THE CITY OF DALLAS, EXCEPT FOR CERTAIN OTHER COLLECTIONS, WHICH ARE OWNED BY THE MUSEUM. THE MUSEUM'S COLLECTIONS ARE COMPRISED OF OBJECTS OF HISTORICAL, CULTURAL OR SCIENTIFIC SIGNIFICANCE THAT ARE HELD FOR EDUCATIONAL, RESEARCH, SCIENTIFIC, AND CURATORIAL PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED AND CARED FOR, AND MONITORED ACCORDING TO PROFESSIONAL MUSEUM STANDARDS, AND ACTIVITIES VERIFYING ITS EXISTENCE AND ASSESSING ITS CONDITION ARE PERFORMED CONTINUOUSLY. THE COLLECTIONS ARE SUBJECT TO A POLICY THAT REQUIRES PROCEEDS FROM SALES OF COLLECTION ITEMS BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS OR PROVIDE FOR THE DIRECT CARE OF EXISTING COLLECTIONS. IN ACCORDANCE WITH THE PRACTICE GENERALLY FOLLOWED BY MUSEUMS, THE VALUE OF OBJECTS IN THE COLLECTIONS IS EXCLUDED FROM THE FINANCIAL STATEMENTS. SUCH COLLECTIONS HAVE BEEN ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE MUSEUM'S INCEPTION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED, OR AS DECREASES IN TEMPORARILY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN NET ASSETS. THERE WERE NO SALES OF COLLECTION ITEMS IN 2017 OR 2016. PART III, LINE 4: THE MUSEUM'S COLLECTIONS INCLUDE OVER 200,000 ITEMS COMPRISED OF ARTIFACTS, ECO-FACTS, ENTOMOLOGY, VERTEBRATE AND INVERTEBRATE PALEONTOLOGY, MALACOLOGY, ICHTHYOLOGY, HERPETOLOGY, ORNITHOLOGY AND MAMMAL SPECIMENS, AND COVER APPROXIMATELY 1.7 BILLION YEARS OF THE EARTH'S HISTORY. THE PEROT MUSEUM OF NATURE AND SCIENCE IS A COLLECTIONS-BASED, RESEARCH-DRIVEN NATURE AND SCIENCE MUSEUM DEDICATED TO FURTHERING AN UNDERSTANDING AND APPRECIATION OF THE NATURAL, TECHNOLOGICAL, AND SCIENTIFIC WORLD THROUGH COLLECTIONS-BASED RESEARCH, EDUCATIONAL PROGRAMS AND EXHIBITS. THE MUSEUM USES ITS COLLECTIONS TO SUPPORT ITS MISSION TO "INSPIRE MINDS THROUGH NATURE AND SCIENCE." THE MUSEUM WAS OPEN TO THE PUBLIC 359 DAYS THIS YEAR. PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUNDS IS FOR GENERAL OPERATIONS AT THE PEROT MUSEUM OF NATURE AND SCIENCE BUILDING IN VICTORY PARK. THE BOARD OF DIRECTORS ESTABLISHED A BOARD-DESIGNATED RESERVE FUND IN FISCAL 2013. THE PURPOSE OF THE ESTABLISHMENT OF SUCH FUNDS IS TO PROVIDE FOR FUTURE REPAIR OR REPLACEMENT BUILDING, EXHIBIT, TECHNOLOGY OR OPERATING COSTS AT THE BOARD'S DISCRETION. PART X, LINE 2: THE ORGANIZATION HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A NONPROFIT CORPORATION EXEMPT FROM FEDERAL INCOME TAX ON ITS INCOME, UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION FOLLOWS THE PROVISIONS OF ASC 740-10, INCOME TAXES, RELATED TO UNRECOGNIZED TAX POSITIONS. THE ORGANIZATION RECOGNIZES THE TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITIONS. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH POSITIONS ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE ORGANIZATION DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND ACCORDINGLY, IT WILL NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. FOR THE YEARS ENDED SEPTEMBER 30, 2017 AND 2016, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS RELYING ON ITS TAX-EXEMPT STATUS AND ITS ADHERENCE TO ALL APPLICABLE LAWS AND REGULATIONS TO PRESERVE THAT STATUS. HOWEVER, THE CONCLUSIONS REGARDING ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES WILL BE SUBJECT TO REVIEW AND MAY BE ADJUSTED AT A LATER DATE BASED ON FACTORS INCLUDING, BUT NOT LIMITED TO, ONGOING ANALYSIS OF TAX LAWS, REGULATIONS, AND INTERPRETATIONS THEREOF. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT DIRECT COSTS 314,240. RENTAL DIRECT COSTS 359,089. INVESTMENT ADMINISTRATION FEES -140. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT DIRECT COSTS 314,240. RENTAL DIRECT COSTS 359,089. INVESTMENT ADMINISTRATION FEES -140. "NIGHT AT THE MUSEUM" DINNER 1112864 1087592 25272 122701 114374 77165 1112864 1087592 25272 122701 114374 77165 314240 -288968 X X X X 1 0 0 0 0 0 0 0 0 SALLY MCDONALD BERVEN CHIEF FINANCIAL OFFICER 159073 0 9991 0 317 0 5604 0 5944 0 180929 0 0 0 DAVID HUMPHRIES CHIEF INFORMATION OFFICER/ 212158 0 13109 0 303 0 8211 0 7839 0 241620 0 0 0 DAN KOHL INTERIM CEO/VP OF CREATIVI 227787 0 12968 0 1362 0 8326 0 7583 0 258026 0 0 0 COLLEEN WALKER FORMER CHIEF EXECUTIVE OFFICER 190087 0 0 0 150208 0 10600 0 3084 0 353979 0 0 0 JOAN HILL DIRECTOR 45447 DR. HILL IS THE HEAD OF SCHOOL AT THE LAMPLIGHTER SCHOOL, WHICH PAID MONTHLY FEES TO THE MUSEUM IN FY2017 TO COORDINATE SPECIAL EVENTS FOR THE SCHOOL AS REQUESTED. 0 KENNETH W WIMBERLY DIRECTOR 9024 MR. WIMBERLY IS THE VICE PRESIDENT AND DEPUTY GENERAL COUNSEL OF AMERICAN AIRLINES, WHICH PROVIDED SERVICES TO THE MUSEUM IN FY2017. 0 X 2 80339 AVG HIGH/LOW STOCK X 2 X 2 X 6 X SAMSUNG TVS 1 46518 INVOICE X SOFTWARE & LICENSES 1 32726 INVOICE X VARIOUS SUPPLIES 2 224 INVOICE 0 1 1 PART I, LINE 32B: THE MUSEUM'S BROKER HAS STANDING INSTRUCTIONS TO IMMEDIATELY SELL ANY CONTRIBUTIONS OF SECURITIES. PART I, LINE 33: LINE 21-23, COLUMN C: $0 WAS REPORTED BECAUSE THE MUSEUM DOES NOT CAPITALIZE ITS COLLECTION UNDER ASC 958-360-25 (FORMERLY SFAS 116). FORM 990, PART VI, SECTION A, LINE 2 ERIC REEVES, DIRECTOR, IS THE BROTHER-IN-LAW OF CAROLYN PEROT RATHJEN, DIRECTOR. FORM 990, PART VI, SECTION A, LINE 7A WITH RESPECT TO THE ORGANIZATION'S 29 CURRENT DIRECTORS, UP TO TWO ARE APPOINTED AT THE ORGANIZATION'S ANNUAL MEETING UPON THE SOLE AUTHORITY AND DISCRETION OF PETRUS MANAGEMENT HOLDING COMPANY, INC. FORM 990, PART VI, SECTION B, LINE 11B INDEPENDENT CPA FIRM PREPARES THE FORM 990 BASED ON INFORMATION FROM THE AUDIT AND OTHER INFORMATION AS REQUESTED FROM THE MUSEUM'S CFO. THE CFO AND THE PEROT MUSEUM DIRECTOR OF ACCOUNTING REVIEW THE PREPARED FORM 990 WITH THE CPA FIRM. THEN THE CFO CIRCULATES THE FORM 990 TO THE CEO, BOARD CHAIRMAN AND FINANCE & AUDIT COMMITTEE FOR REVIEW AND COMMENTS. ANY NECESSARY CHANGES ARE MADE AND THEN A COPY OF THE APPROVED FORM IS PROVIDED TO THE GOVERNING BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND STAFF RECEIVE A COPY OF THE CONFLICTS OF INTEREST POLICY AND ARE REQUIRED TO ACKNOWLEDGE IN WRITING THAT HE/SHE HAS READ, UNDERSTANDS AND WILL COMPLY WITH THE POLICY. A DISCLOSURE QUESTIONNAIRE IS SENT TO ALL BOARD MEMBERS TO COMPLETE SO THEY CAN DISCLOSE THEIR PERSONAL, BUSINESS, OR OTHER ORGANIZATIONAL INTEREST AND AFFILIATIONS AND THOSE OF PERSONS CLOSE TO THEM THAT COULD BE REASONABLY CONSTRUED AS BEING MUSEUM RELATED. THESE DISCLOSURE STATEMENTS ARE UPDATED ANNUALLY. IF THERE APPEARS TO BE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE WILL GIVE THE MEMBER OR EMPLOYEE THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS SO THEY CAN VOTE ON WHETHER A CONFLICT EXISTS OR NOT. THE INTERESTED PARTY WILL BE ASKED TO LEAVE THE MEETING WHEN THE VOTE IS TAKEN. IF A CONFLICT EXISTS, THE GOVERNING BOARD OR COMMITTEE WILL DO FURTHER INVESTIGATION AND SEE IF THERE IS ANOTHER OPTION TO PURSUE. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION FOR THE CEO WAS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE GOVERNING BOARD OF DIRECTORS OF THE MUSEUM. THE EXECUTIVE COMMITTEE REVIEWED THE CEO'S JOB PERFORMANCE VERSUS ANNUAL OBJECTIVES IN ADDITION TO USING COMPARABLE COMPENSATION DATA FROM OTHER ORGANIZATIONS' FORM 990S AND TAKING INTO CONSIDERATION THE OVERALL ECONOMIC/EMPLOYMENT SITUATION REGIONALLY. THE BOARD CHAIRMAN COMMUNICATES THE APPROVED COMPENSATION TO THE VICE PRESIDENT OF HUMAN RESOURCES AND CFO. THE CEO DISCUSSES HER RECOMMENDATIONS REGARDING SENIOR LEVEL COMPENSATION WITH THE EXECUTIVE COMMITTEE. THERE ARE A COMBINATION OF FACTORS WHICH DETERMINE SENIOR LEVEL COMPENSATION WHICH INCLUDE EMPLOYEE PERFORMANCE VERSUS POSITION OBJECTIVES, CURRENT COMPENSATION VERSUS PEER COMPENSATION, TO NAME A COUPLE. SENIOR LEVEL COMPENSATION IS ALSO APPROVED BY THE EXECUTIVE COMMITTEE AND COMMUNICATED BY THE CEO TO THE VICE PRESIDENT OF HUMAN RESOURCES AND THEN DOCUMENTED ON THE RATE CHANGE FORM. FORM 990, PART VI, SECTION C, LINE 19 OTHER ORGANIZATION DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.