2017-08-11T08:57:14-07:00 2016-09-30 MARYANOV MADSEN GORDON CAMPBELL PO Box 1826 PALM SPRINGS CA 922631826 990 2015-10-01 951809576 Palm Springs Art Museum PALM 7603257186 101 N Museum Dr Palm Springs CA 92262 ELIZABETH ARMSTRONG Executive Dir. 2017-08-11 true Steven T Erickson CPA P00404339 7603206642 2015 2021-01-29 14:40:06Z ELIZABETH ARMSTRONG PO BOX 2310 PALM SPRINGS CA 922632310 15835268 false false X www.psmuseum.org X 1938 CA The Palm Springs Art Museum provides extraordinary creative encounters based on its collections, exhibitions, and programs of modern and contemporary art and traditional art of the Americas. 47 47 121 171 0 7453983 6275388 1309679 1411141 547697 363300 1246953 980744 10558312 9030573 0 36558 9959 5132503 5309499 0 1542549 6727390 5546558 11896451 10866016 -1338139 -1835443 40337715 39115083 2267229 2213428 38070486 36901655 As a cultural and educational leader in the greater desert community, the Palm Springs Art Museum provides extraordinary creative encounters based on its collections of modern and contemporary art and traditional art of the Americas:By acquiring and preserving groundbreaking art works, working with leading contemporary artists, and creating unique exhibitions of world-wide importance.By creating innovative education experiences through interactive engagement with the regions diverse communities.By presenting outstanding multi-disciplinary events within its theater and other museum venues. false false 5344896 I. Special Art ExhibitionsKiller Heels: The Art of High High-Heeled Shoes9/5/15 - 12/15/15 Palm Springs Art Museum, Annenberg WingA Passionate Eye: The Weiner Family Collection10/3/2015 1/31/2016, extended to 12/12/2016Palm Springs Art Museum, Annenberg WingSeeing the Light: Illuminating Objects10/10/2015 1/3/2016 Palm Springs Art Museum Architecture and Design CenterEdward S. Curtis: One Hundred Masterworks2/20/2016 5/29/2016Palm Springs Art Museum, Clayes III WingChanging the Tone: Contemporary American Indian Photographers2/20/2016 5/29/2016Palm Springs Art Museum, Clayes III Wing, Faude & New Media GalleryBaroque to Bling! High Art and Low from the Collection of Donna MacMillan3/4/16 10/16/16Palm Springs Art Museum in Palm DesertII. Permanent Collection Art ExhibitionsDuring the period of October 1, 2015 September 30, 2016, 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 Collection OngoingPalm Springs Art Museum, Denney Western American Art WingContemporary Works from the Permanent Collection Ongoing Palm Springs Art Museum, Steve Chase WingContemporary Glass9/12/15 7/31/2017Palm Springs Art Museum, Margaret & Michael W. McCarthy MezzanineStill Life: Capturing the Moment8/7/2015 2/21/2016Palm Springs Art Museum in Palm DesertBoth Sides Now: Robert Heinecken Photograms9/1/2015 10/11/2015Palm Springs Art Museum, Jorgensen GalleryWestern Stories9/10/2016 current/ongoingPalm Springs Art Museum, Denney Western American Art WingGrass Roots: Native American Basketry of the West9/15/2016 current/ongoingPalm Springs Art Museum, Denney Western American Art WingReflections on Water9/19/15 12/4/2016, extended to 9/4/17Palm Springs Art Museum, Denney Western American Art Wing, Morse & Hahn & Sheldon GallerySelected prints and Works on Paper from the Permanent Collection12/12/2015 3/6/2016Palm Springs Art Museum, Jorgensen Gallery & Marks GalleryBauhaus twenty-21: An Ongoing Legacy - Photographs by Gordon Watkinson1/24/2016 5/1/2016Palm Springs Art Museum Architecture and Design CenterFirst Hand: Architects, Artists, and Designers from the L.J. Cella Collection5/25/2016 9/4/2016Palm Springs Art Museum Architecture and Design CenterMontgomery Meets Modernism: Two Americas7/30/2016 current/ongoing Palm Springs Art Museum, Denney Western American Art WingIII. Educational Art ExhibitionsDuring the period of October 1, 2015 September 30, 2016, the museum also presented the exhibitions of art works drawn from community sources.Artists Council Exhibition 201510/20/2015 12/6/2015Palm Springs Art Museum, Marks Graphics Center and Jorgensen GalleryDay of the Dead themed Quilts10/1/15 11/2/15Palm Springs Art MuseumBlack History Month Education related Installation2/1/16 5/15/16Palm Springs Art Museum , Sheffer-Scheffler Education SpaceIV. Juried Art ExhibitionsDuring the period of October 1, 2015 September 30, 2016, 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.Artists Council Exhibition 201510/20/2015 12/6/2015Palm Springs Art Museum, Marks Graphics Center and Jorgensen GalleryFine Arts Creativity Awards Program 20165/1/2016 5/16/2016Palm Springs Art Museum in Palm DesertPerforming 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. Total attendance for all events was 28,436. Performances during the 2015-16 season included:Palm Springs Woman's Jazz Festival, 10/ 9-10/15Rat Pack Holiday Concert, 11/10/15Theater Opening Night Norm Lewis/Laura Osnes, 11/ 14/15Coyote StageWorks: The Importance of Being Ernest, 11/ 18/15CK Dance: Nutcracker, 12/ 4-5/2015Dance with Miss Lindsay: Winter Recital, 12/6/15Cabaret 88: Todd Murray, 12/8-9/15Performance Series: Maureen McGovern, 12/12/15Pasquale Esposito, Italian Tenor, 12/20/15Palm Springs International Film Festival, 1/1-11/16Cabaret 88: Julia Murney, 1/12-13/16Performance Series: Marilyn May, 1/16/16Jimmy Hopper Then and Now, 1/17/16M2 Productions: Really Big Shooo, 1/27/16 & 2/24/16 & 3/17/16 & 4/13/16Nickerson-Rossi Dance: Past and Present, 2/4-5/16Cabaret 88: Karen Mason, 2/9-10/16Cristopher Cichocki: Circular Dimensions, 2/12/16Modernism Week, 2/13-18/16Performance Series: Christine Andreas, 2/20/16In My Life - A Musical Tribute to the Beatles, 2/26-27/16PerforMANce: Maintaining Health, Vigor & Vitalility, 2/27/162016 Native Film Fest - Coming to Light, 3/6/16Palm Springs Art Museum Annual Gala, 3/12/16Cabaret 88: Klea Blackhurst, 3/15-16/16Performance Series: Ben Vereen, 3/19/16Coyote StageWorks: Art, 3/25-31/16 & 4/1-3/16Cabaret 88: Jake Simpson, 4/4-6/16Performance Series: Jarrod Spector/Kelli Barrett, 4/9/16Coyote StageWorks: Agnes of God, 4/20-24/16 & 4/19-30/16 & 5/1/16Palm Springs Photo Festival, 4/25-28/16Christopher Cichocki: Open Desert Music & Photo Arts, 5/7/16CK Dance - Spring Ballet, 5/28-29/16Dance with Miss Lindsay: Summer Recital, 6/4/16Desert Diamond Dance, 6/5/2016Palm Springs Woman's Jazz Festival, 9/2-3/16 Lectures during the 2015-16 season included: A+D 101 - Shoes: Art That One Can Wear, 11/7/15Bauhaus Symposium, 1/30/16A+D 101 - The Arid Palette: Desert Planting Design for Contemporary Architecture, 2/6/16Elle Decor presents Vladimir Kagan, 2/14/16Charles Phoenix Mid-century Slide Show and Lecture, 2/18/16Members Opening Lecture: Edward S. Curtis, 2/19/16A+D 101 - A Desert Journey, 3/5/16Talking Photography: Mark Ruwedel, 3/10/16Evening Lecture People, Place and Things, 3/26/16A+D 101 - Motifs, Materials, and Processes, 4/2/16 2290671 Education Programs and Community OutreachDuring the past 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 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. With our facility in Palm Desert, educational programming increased with Art Lab, Free Fridays as well as celebration in Palm Desert, which served 3,200 visitors. The total number of visitors served by combined education programs across three sites is in excess of 47,000 Coachella Valley residents.Adult Education Programs - In addition to docent-led tours of the permanent collection and special exhibitions, adults participated in 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, 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:Museum Art Camp (for children ages 3-12) TeenStudio Projects (for teens ages 13-18)Eyes On/Hands On (specialized 1-hour docent-led tour of the museum galleries followed by art-making project in our art studios)Teen Docent (academic extra-curricular enrichment activity for high school students who tour elementary school children)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, 2015 September 30, 2016, 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 225,237 7635567 true true false false false false false true false true true false false true false true true false false false false false false false true false false false false true false false false false false false false false true false true true false false false false false false false false false true 159 0 true 121 true false false false false false false true true true 1 false false false false false false false false false false X 47 47 false false false false false false false true true false false true true true true true true true true false CA X Lucy DeBardelaben 7603224812 101 N Museum Dr Palm Springs CA 922625659 DONNA MACMILLAN Chair 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 VICE CHAIR 2.00 0.00 X X 0 0 0 JANE 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 ED MONARCH Vice Chair 2.00 0.00 X X 0 0 0 JAN HARNIK 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 WILSON VICE CHAIR 2.00 0.00 X X 0 0 0 ANNETTE BLOCH 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 DEGIORGIO Trustee 2.00 0.00 X 0 0 0 LANCE ELDRED Vice Chair 2.00 0.00 X X 0 0 0 JACK FITZGERALD III SEC GEN COUNSEL 2.00 0.00 X X 0 0 0 GARY SCHAHET Trustee 2.00 0.00 X 0 0 0 HENRY FREUND Trustee 2.00 0.00 X 0 0 0 LEONARD EBER Trustee 2.00 0.00 X 0 0 0 JAMES EGAN Trustee 2.00 0.00 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 STEPHEN SESSA 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 JOANN MCGRATH Trustee 2.00 0.00 X 0 0 0 ANGIE GERBER Trustee 2.00 0.00 X 0 0 0 WILLIAM HOOD Trustee 2.00 0.00 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 MONAHAN Trustee 2.00 0.00 X 0 0 0 MURIEL MYERSON 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 LJ CELLA VICE CHAIR 2.00 0.00 X X 0 0 0 HELENE 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 KAPLAN Trustee 2.00 0.00 X 0 0 0 LOREN G LIPSON MD Trustee/Council 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 GREG JOHNSON COO 40.00 0.00 X 128453 0 0 ANA PFAFF ASST SECRETARY 40.00 0.00 X 48639 0 3361 JEB BONNER DEP DIR/CFO 40.00 0.00 X 71558 0 750 ELIZABETH ARMSTRONG Executive Dir. 40.00 0.00 X 312895 0 22429 GREGORY POLZIN DIR FUNDRAISING 40.00 0.00 X 157270 0 7019 DANIELL CORNELL DEP DIR ART 40.00 0.00 X 150908 0 12502 MICHAEL MINER ASSOC DIR DEVELOP 40.00 0.00 X 101086 0 12171 DEBRA PRESTON DIR OF OPERATIONS 40.00 0.00 X 98172 0 11195 1068981 69427 5 false true false PACIFIC WEST AIR CONDITIONING 4085 E LA PALMA AVE SUITE B ANAHEIM CA 92807 HVAC servicing 164152 BRIGHTSPOT STRATEGY LLC 30 VESEY STREET 11TH FLOOR NEW YORK NY 10007 Consultant 151574 FG CREATIVE INC 74020 ALESSANDRO DR STE E PALM DESERT CA 92260 Consultant/marketing 302203 LULU CALIFORNIA BISTRO 200 S PALM CANYON DRIVE PALM SPRINGS CA 92262 CATERING 130385 BARBIZON LIGHT 8269 E 23rd AVE STE 111 DENVER CO 80238 Audio/visual consult 119355 5 974554 1093392 4207442 57844 6275388 ART EXHIBITIONS & PERFORM 712110 1174411 1174411 EDUCATION PROGRAMS AND CO 561500 236730 236730 1411141 363656 363656 0 0 0 6003292 6003648 -356 -356 -356 356620 1093392 356063 557 557 0 906522 444984 461538 461538 Change in value of CRUT 83485 83485 FACILITY USE FEE 322272 322272 Other revenue 105767 105767 7125 7125 518649 9030573 2390972 364213 0 0 0 9959 9959 512961 347449 89900 75612 0 3953930 2604892 748524 600514 92356 61932 15990 14434 382184 256285 66168 59731 368068 246819 63724 57525 409168 243264 106360 59544 40811 24263 10609 5939 31300 18609 8136 4555 0 0 98579 58608 25625 14346 238105 141561 61894 34650 260620 208472 38 52110 1178677 729883 118099 330695 180293 111644 18065 50584 7897 3359 875 3663 384635 274974 71711 37950 91288 75345 3906 12037 0 328460 271094 14056 43310 26661 20216 6370 75 0 775996 581997 186239 7760 195160 147981 46632 547 EXHIBITS, PERFORMERS, LECTURER 583720 481773 24979 76968 ART ACQUISITION 409028 409028 TRIPS AND TOURS 298860 298860 BAD DEBT EXPENSE 7300 7300 0 10866016 7635567 1687900 1542549 346153 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13895587 15693587 CONSTRUCTION IN PROGRESS 37474 CRUTs 2318893 2356367 X 10498789 666612 801604 1468216 9030573 9030573 11667620 801604 801604 10866016 10866016 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, 2016:Art $62,706,267; Anthropology $1,893,698; Reserve $2,776,155; Library and other items $734,007; Items held for deaccession $460,833; Albert Frey House $519,552.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 $1,961,615 (unaudited) during the year ended September 30, 2016.Proceeds from the sale of deaccessioned items were $272,650 for the year ended September 30, 2016. Collections purchased were $409,028 during the year ended September 30, 2016.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, 2016, a balance of $831,000 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, 2016, 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 year ended September 30, 2016, 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 $444984 DIRECT FUNDRAISING COSTS $356063 LOSS REPORTED ON FUNDRAISING $557 Part XII, Line 2d: Other expenses and losses per audited F/S COST OF GOOD SOLD: SALE OF INVENTORY $444984 DIRECT FUNDRAISING COSTS $356063 LOSS REPORTED ON FUNDRAISING $557 false MAC Gala 744950 629150 115800 206116 MAC LUEY 233810 159960 73850 25006 6 471252 304282 166970 124941 1450012 1093392 356620 356063 356063 557 X X X X X false false false true false false false false false false DANIELL CORNELL DEP DIR ART 150908 6120 6382 163410 ELIZABETH ARMSTRONG Executive Dir. 312895 16842 5587 335324 GREGORY POLZIN DIR FUNDRAISING 157270 7019 164289 GARY HALL TRUSTEE 162000 BANKING, INVESTMENTS, CC'S false BARBARA KELLER TRUSTEE 130385 CATERING FOR EVENTS false HAROLD MATZNER TRUSTEE 81909 CATERING FOR EVENTS false HAROLD MATZNER TRUSTEE 42180 PARTY & VENUE RENTALS false X IN-KIND 57844 COST 23 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 general accepted accounting principles, Palm Springs Art Museum does not report contributions of art as revenue. During the year, the museum received 184 donations valued at $1,961,615, 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), and the same goes for 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.