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        <ExplanationTxt>PHILLIP FROST PATRICIA FROST DIRECTOR DIRECTOR HUSBAND/WIFE</ExplanationTxt>
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        <ExplanationTxt>IN MARCH 2016, THE MUSEUM APPROVED A NEW SET OF BYLAWS.</ExplanationTxt>
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        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION'S PRESIDENT AND VP OF FINANCE WILL EXAMINE THIS RETURN, INCLUDING ACCOMPANYING SCHEDULES AND STATEMENTS PRIOR TO FILING THE RETURN. IN ADDITION, THE RETURN WILL BE REVIEWED BY THE EXECUTIVE COMMITTEE AND DISTRIBUTED TO THE BOARD OF TRUSTEES PRIOR TO FILING.</ExplanationTxt>
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        <ExplanationTxt>THE BOARD COMPLETES A WRITTEN CONFLICT OF INTEREST QUESTIONNAIRE. THIS QUESTIONNAIRE AND THE POLICY IS REVIEWED ON AN ANNUAL BASIS BY THE BOARD'S EXECUTIVE COMMITTEE.</ExplanationTxt>
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        <ExplanationTxt>COMPENSATION FOR THE PRESDIENT IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES FUNCTIONING AS THE COMPENSATION COMMITTEE. THE COMMITTEE RECOMMENDS INCREASES BASED ON COMPARABLE DATA FROM OTHER INSTITUTIONS.</ExplanationTxt>
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        <ExplanationTxt>COMPENSATION FOR THE OTHER OFFICERS AND KEY EMPLOYEES IS REVIEWED ANNUALLY BY THE PRESIDENT. THE PRESIDENT RECOMMENDS INCREASES BASED ON COMPARABLE DATA FROM OTHER INSTITUTIONS AND RESULT OF COMPENSATION SURVEYS. THE EXECUTIVE COMMITTEE FUNCTIONING AS THE COMPENSATION COMMITTEE REVIEWS AND APPROVES THESE RECOMMENDED INCREASES.</ExplanationTxt>
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        <ExplanationTxt>THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.</ExplanationTxt>
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        <ExplanationTxt>INKIND NOT REPORTED ON THE FINANCIAL STATEMENT -412,000 INKIND NOT REPORTED ON THE FINANCIAL STATEMENT 412,000</ExplanationTxt>
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