2017-04-24T14:37:19-05:00 2016-06-30 271728945 PKF O'CONNOR DAVIES LLP 3001 SUMMER STREET 5TH FL EAST STAMFORD CT 06905 990 2015-07-01 237105904 BRUCE MUSEUM INC BRUC 2038690376 ONE MUSEUM DRIVE GREENWICH CT 06830 PETER C SUTTON EXECUTIVE DIRECTOR AND CEO 2038690376 2017-04-21 1 GARRETT M HIGGINS P00543209 2033232400 2017-04-21 2015 2017-02-10 21:41:12Z PETER C SUTTON ONE MUSEUM DRIVE GREENWICH CT 06830 16885715 0 X WWW.BRUCEMUSEUM.ORG X 1970 CT BRUCE MUSEUM'S EXHIBITIONS AND EDUCATIONAL PROGRAMS ADVANCE THE UNDERSTANDING OF ART AND SCIENCE. 38 38 68 281 106156 -17534 6255044 6547969 1002544 217027 1641428 1447092 447572 -75097 9346588 8136991 0 57097 0 0 3169422 3254097 0 0 846599 1822850 1780787 4992272 5091981 4354316 3045010 30935294 32867209 680527 1542157 30254767 31325052 X BRUCE MUSEUM INC.'S MISSION IS TO PROMOTE THE UNDERSTANDING AND APPRECIATION OF ART AND SCIENCE TO ENRICH THE LIVES OF ALL PEOPLE. 0 0 4047098 57097 240863 SEE SCHEDULE O 4047098 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 19 0 68 1 1 1 0 0 0 0 1 1 0 0 0 0 X 38 38 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CT X X BILL FERENCE 2034137525 THE BRUCE MUSEUM ONE MUSEUM DRIVE GREENWICH CT 06830 ROBERT H LAWRENCE JR CHAIRMAN OF BOARD 7.50 X X 0 0 0 TIFFANY A BURNETTE VICE CHAIR (THRU 06/2016) 7.50 X X 0 0 0 AUNDREA B AMINE VICE CHAIR 1.00 X X 0 0 0 JAN ROGERS KNIFFEN VICE CHAIR 1.00 X X 0 0 0 GEORGE E CRAPPLE VICE CHAIR 1.00 X X 0 0 0 PATRICIA W CHADWICK TREASURER 1.00 X X 0 0 0 INGRID DELSON SECRETARY 1.00 X X 0 0 0 ALLISON BRANT TRUSTEE 1.00 X 0 0 0 ANN VASSILIOU TRUSTEE 1.00 X 0 0 0 CAROLYN WESTERBERG TRUSTEE 1.00 X 0 0 0 CHARLES M ROYCE TRUSTEE 1.00 X 0 0 0 DEBORAH SIMON TRUSTEE 1.00 X 0 0 0 DEANNA MULLIGAN TRUSTEE 1.00 X 0 0 0 DIANA WIERBICKI TRUSTEE 1.00 X 0 0 0 FELICITY KOSTAKIS TRUSTEE 1.00 X 0 0 0 KATHY GEORGAS TRUSTEE 1.00 X 0 0 0 KAMIE LIGHTBURN TRUSTEE 1.00 X 0 0 0 JACQUELINE WALKER TRUSTEE 1.00 X 0 0 0 JAMES LOCKHART III TRUSTEE 1.00 X 0 0 0 JAMES MURPHY TRUSTEE 1.00 X 0 0 0 JOHN WATLING III TRUSTEE 1.00 X 0 0 0 JUDITH WERTHEIMER TRUSTEE 1.00 X 0 0 0 LEORA R LEVY TRUSTEE 1.00 X 0 0 0 LINDA CHASE-JENKINS TRUSTEE (THRU 06/2016) 1.00 X 0 0 0 LUCILE GLASEBROOK TRUSTEE 1.00 X 0 0 0 MARTHA R ZOUBEK TRUSTEE 1.00 X 0 0 0 MICHAEL GRUNBERG TRUSTEE 1.00 X 0 0 0 MICHAEL MASON TRUSTEE 1.00 X 0 0 0 MOLLY SEGAL TRUSTEE (THRU 06/2016) 1.00 X 0 0 0 NATHANIAL B DAY TRUSTEE 1.00 X 0 0 0 NICOLE REYNOLDS TRUSTEE 1.00 X 0 0 0 PETER TESEI TRUSTEE 1.00 X 0 0 0 SABRINA FORSYTHE TRUSTEE 1.00 X 0 0 0 SABRINA RAQUET TRUSTEE 1.00 X 0 0 0 SACHIKO GOODMAN TRUSTEE 1.00 X 0 0 0 SIMONE MCENTIRE TRUSTEE 1.00 X 0 0 0 STEPHEN LERQANGIS TRUSTEE 1.00 X 0 0 0 SUSAN TEJPAUL TRUSTEE 1.00 X 0 0 0 SUE ANNE WEINBERG TRUSTEE 1.00 X 0 0 0 THOMAS BYRNE TRUSTEE 1.00 X 0 0 0 WILLIAM DEUTSCH TRUSTEE 1.00 X 0 0 0 PETER SUTTON EXECUTIVE DIRECTOR/CEO 35.00 X 268327 0 15615 WILLIAM F FERENCE DIRECTOR OF FINANCE/CFO 35.00 X 109328 0 27209 SUSAN BALL DEPUTY DIRECTOR 35.00 X 117732 0 6818 WHITNEY ROSENBERG DIRECTOR OF DEVELOPMENT 35.00 X 112462 0 6436 607849 0 56078 4 0 1 0 ESKEW DUMEZ AND RIPPLE 1 CANAL PLACE 365 CANAL ST NEW ORLEANS LA 70130 ARCHITECTS 810502 NST SYSTEMS INC 2001 W MAIN STREET SUITE 130 STAMFORD CT 06902 INFORMATION TECHNOLOGY SUPPORT 108258 2 442125 787151 889376 4429317 212642 6547969 ADMISSIONS 712110 150584 150584 WORKSHOP/PROGRAM FEES 712110 47477 47477 MEMBERSHIP DUES 900099 18966 18966 217027 1144841 1144841 113685 0 113685 113685 113685 8472549 8170298 302251 302251 302251 88206 787151 406980 -318774 -318774 301438 171446 129992 23836 106156 8136991 240863 106156 1242003 57097 57097 414531 310408 17065 87058 2206435 1638583 90320 477532 92556 68492 4628 19436 351654 315378 12786 23490 188921 168606 6941 13374 32611 4703 27908 45164 33421 1355 10388 2285 2285 101371 33371 68000 141587 139600 1887 100 391164 378059 11422 1683 125353 117733 7620 120841 120458 383 118893 88266 5670 24957 16636 10848 5788 230029 170222 11501 48306 19313 19313 EXHIBITIONS/COLLECTIONS 233156 210470 22686 HOSPITALITY 84908 64007 9446 11455 MISC OPERATING EXPENSES 65404 45991 15358 4055 CLEANING & MAINTENANCE 52072 52072 5091981 4047098 198284 846599 197597 109489 2459611 4564530 2932001 3156726 66776 66589 133790 99133 7582103 6062467 1733403 1519636 20364309 17791578 2211758 3160905 836049 2398623 30935294 32867209 505027 466694 175500 207500 0 867963 680527 1542157 X 3514323 3067825 8770891 9385734 17969553 18871493 30254767 31325052 30935294 32867209 3045010 -1974725 0 X X 0 1 X 1 0 X 2404775 1982955 2483944 6255044 6547969 19674687 215795 215795 214208 208889 207624 1062311 2620570 2198750 2698152 6463933 6755593 20736998 3929555 16807443 565786 624490 1438044 1541327 1258526 5428173 70710 111686 184966 226794 594156 210 970 1180 26760507 4493518 0.62810 0.61830 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2011 AMOUNT: $ 210. 2012 AMOUNT: $ 0. 2013 AMOUNT: $ 0. 2014 AMOUNT: $ 970. 2015 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23074738 414940 -546502 1056708 21886468 23575650 401946 170257 1073115 23074738 20967915 59768 3435368 887401 23575650 18045011 121483 3734495 933074 20967915 19198390 540000 -791095 902284 18045011 0.06830 0.84000 0.09170 0 0 7086595 5621285 1465310 436122 381796 54326 59386 59386 0 1519636 ALTERNATIVE INVESTMENTS 3160905 F 3160905 MUSEUM EXPANSION COSTS 2398623 2398623 REFUNDABLE CONTRIBUTIONS 867963 867963 X 6838585 -1974725 100178 578426 -1296121 8134706 2285 2285 8136991 5768300 100178 578426 678604 5089696 2285 2285 5091981 PART III, LINE 4: THE TOWN OF GREENWICH, CONNECTICUT OWNS THE ENTIRE MUSEUM COLLECTION. THE ORGANIZATION OPERATES THE FACILITY AND ORGANIZES THE EXHIBITS PER AN AGREEMENT WITH THE TOWN OF GREENWICH. THE ORGANIZATION PROVIDES SECURITY FOR THE COLLECTION. IT ALSO PERFORMS RESTORATION AND PRESERVATION OF COLLECTION AS NEEDED TO MAINTAIN THE COLLECTION FOR EXHIBITION. PART V, LINE 4: THE BRUCE MUSEUM MAINTAINS VARIOUS DONOR-RESTRICTED AND BOARD-DESIGNATED FUNDS WHOSE PURPOSE IS TO PROVIDE LONG TERM SUPPORT FOR THE BRUCE MUSEUM'S MISSION AND CHARITABLE PROGRAMS. PART X, LINE 2: BMI RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT BMI HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. FOR INFORMATION RETURNS, BMI IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO YEARS ENDING JUNE 30, 2013. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES REPORTED ON PART VIII, LINE 8B 406,980. COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B 171,446. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES REPORTED ON PART VIII, LINE 8B 406,980. COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B 171,446. RENAISSANCE BALL 711306 664456 46850 134210 120213 19190 36716 ICON AWARDS 62316 50141 12175 25262 11824 18177 4 101735 72554 29181 9931 16159 2576 12722 875357 787151 88206 169403 148196 21766 67615 406980 -318774 1 PARKS & RECREATION FOUNDATION OF THE TOWN OF GREENWICH CONNECTICUT PO BOX 5147 GREENWICH CT 06831 061632592 501(C)3 57097 GENERAL OPERATING SUPPORT FOR THE ANIMAL SHELTER 1 PART I, LINE 2: THE ORGANIZATION MAINTAINS RECORDS TO SUBSTANIATE THE AMOUNT OF THE GRANT GIVEN OUT. THE ORGANIZATION DID NOT MONITOR THE FUNDS AFTER THE GRANT WAS MADE; THIS WAS A ONE-TIME, UNUSUAL EVENT FOR THE ORGANIZATION. X X X 0 0 0 0 0 0 0 1 0 PETER SUTTON EXECUTIVE DIRECTOR/CEO 262327 0 6000 0 0 0 13435 0 2180 0 283942 0 0 0 PART I, LINE 7 PETER SUTTON RECEIVED A $6,000 BOARD DISCRETIONARY BONUS, WHICH WAS INCLUDED IN HIS 2015 FORM W-2. X 7 212642 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTORS IS REPORTED ON COLUMN (B). FORM 990, PART III, LINE 4A THE MUSEUM WAS BUILT ORIGINALLY AS A PRIVATE HOME IN 1853 AND WAS BEQUEATHED TO THE TOWN OF GREENWICH, CT IN 1908 BY TEXTILE MERCHANT ROBERT MOFFAT BRUCE, WHO STIPULATED ITS USE AS A MUSEUM. THE FIRST EXHIBITION AT THE BRUCE MUSEUM TOOK PLACE IN 1912 AND FEATURED WORKS BY LOCAL ARTISTS KNOWN AS THE GREENWICH SOCIETY OF ARTISTS, SEVERAL OF WHOM WERE MEMBERS OF THE COS COB ART COLONY. THE COS COB SCHOOL OF AMERICAN PAINTING IS NOW WELL ESTABLISHED AS AN IMPORTANT PART OF THE HISTORY OF AMERICAN ART AND IT FORMS THE NUCLEUS OF THE MUSEUM'S HOLDINGS OF PAINTINGS, WATERCOLORS, DRAWINGS, AND NOTEBOOKS BY ARTISTS SUCH AS LEONARD AND MINA OCHTMAN, GEORGE WHARTON EDWARDS, AND HOBART JACOBS. PARALLELING AN INTEREST IN CONNECTICUT PAINTERS AND THEIR WORKS, EARLY DIRECTORS OF THE BRUCE MUSEUM PURSUED THE DEVELOPMENT OF THE NATURAL SCIENCES, BUILDING PARTICULAR STRENGTHS IN THE MINERAL AND AVIAN COLLECTIONS. THE BRUCE MUSEUM WAS EXPANDED IN 1993 AND INCLUDES NEARLY 8,000 SQUARE FEET OF EXHIBITION SPACE, COMPRISED OF ONE MAIN GALLERY, THREE SMALLER GALLERIES, AND A LECTURE HALL. THE MUSEUM OPERATES UNDER ACCREDITATION BY THE AMERICAN ASSOCIATION OF MUSEUMS. SUCCESSES IN 2015-2016 THE BRUCE MUSEUM IS EXCITED TO SHARE ITS MANY SUCCESSES THIS YEAR, INCLUDING: -THE BRUCE MUSEUM'S AUDIENCE ENGAGEMENT AND INTERPRETIVE SERVICES DEPARTMENT RECEIVED TWO AWARDS FOR EXCELLENCE IN EDUCATION - ONE FROM THE LOIS BRONZ CHILDREN'S CENTER AND ONE FROM THE CULTURAL ALLIANCE OF FAIRFIELD COUNTY. -HIGHEST ATTENDANCE IN OVER FIVE (5) YEARS, WITH AN INCREASE OF 21% FROM FY 2015 TO FY 2016; -THE BRUCE MUSEUM RECEIVED ITS FIRST EVER NATIONAL SCIENCE FOUNDATION GRANT, AWARDED TO CURATOR OF SCIENCE, DR. DANIEL KSEPKA, TO ADVANCE RESEARCH AND OUTREACH RELATED TO PENGUIN EVOLUTION AND NEW COMPUTER PROGRAMS FOR CREATING EVOLUTIONARY TREES. -BRUCE BEGINNINGS, FOR OUR TODDLER VISITORS REACHED A RECORD 1,300 IN FY 2016; -BRUCE MOOSE ACTIVITY PACKS, DESIGNED FOR INDEPENDENT FAMILY EXPLORATION OF THE GALLERIES THAT ARE HANDS-ON AND INTERACTIVE WERE REMARKETED AND ARE GAINING IN POPULARITY; -EXPANSION OF FAMILY PROGRAM OFFERINGS TO INCLUDE DROP-IN SCIENCE AND ART EXPERIENCES; -THE MUSEUM WAS AWARDED A GRANT FROM THE STATE OF CONNECTICUT TO RENOVATE THE PERMANENT SCIENCE GALLERIES IN ORDER TO PROVIDE A 21ST CENTURY AUDIENCE WITH A MORE LEARNER-CENTRIC EXPERIENCE. -THE BRUCE MUSEUM SEASIDE CENTER SAW AN INCREASE OF OVER 15% IN ATTENDANCE. THE CENTER REACHED OUT TO NEW GROUPS INCLUDING TOWN CAMPS THAT VISIT GREENWICH POINT AND GREENWICH YOUNG MARINERS FROM THE BOYS AND GIRLS CLUB. EXHIBITIONS THE BRUCE MUSEUM OFFERED A VARIETY ART AND SCIENCE EXHIBITIONS IN 2015-2016 THAT EDUCATED AND ENGAGED OUR DIVERSE, COMMUNITY AUDIENCE. EACH EXHIBITION FEATURED WORLD-CLASS ART, OBJECTS AND ARTIFACTS THAT FOCUSED ON THE NEEDS AND INTERESTS OF OUR VISITORS AND OUR SURROUNDING COMMUNITY. THE FOLLOWING IS A LIST OF THE EXHIBITIONS FROM 2015 - 2016: 1. MADAGASCAR: GHOSTS OF THE PAST 2. WALLS OF COLOR: THE MURALS OF HANS HOFMANN 3. ICREATE 2015 4. THE SEVEN DEADLY SINS: PRIDE 5. THEODORE NIERENBERG: PHOTOGRAPHS FROM HIS WORLD TRAVELS 6. CHARLES HAROLD DAVIS (1856-1933): MYSTIC IMPRESSIONIST 7. BJORN OKHOLM SKAARUP: CARNIVAL OF THE ANIMALS 8. SECRETS OF FOSSIL LAKE 9. IMAGES OF THE CITY 10. FIERCE AND FRAGILE: BIG CATS IN THE ART OF ROBERT DALLET 11. AND STILL WE RISE: RACE, CULTURE AND VISUAL CONVERSATIONS 12. MIANUS RIVER GORGE: PHOTOGRAPHS BY WILLIAM ABRANOWICZ 13. WILD READING: ANIMALS IN CHILDREN'S BOOK ART 14. ELECTRICITY 15. ELECTRIC PARIS EDUCATIONAL PROGRAMS THE BRUCE MUSEUM'S PRIMARY GOAL IS TO EDUCATE OUR VISITORS. THE MUSEUM'S AUDIENCE ENGAGEMENT AND INTERPRETIVE SERVICES TAILORS EACH LEARNING EXPERIENCE TO MATCH OUR TARGETED AUDIENCE SEGMENTS: FAMILIES; ADULT APPRECIATORS; SCHOOLS/EDUCATORS; AND DONORS/COLLECTORS. HIGHLIGHTS FROM THE MUSEUM'S EDUCATIONAL PROGRAMMING IN 2015-2016 INCLUDE THE FOLLOWING: - THIS YEAR MARKED THE FIRST YEAR OF THE LORRAINE BLOCK DOCENT LECTURE SERIES. DOCENTS RECEIVED TRAINING IN TOUR TECHNIQUES FROM TOP MUSEUM EDUCATORS, INCLUDING RIKA BURNHAM, ROBERTA ALTMAN, AND JEN BROWN. - PARTNERSHIPS WITH LOCAL SCHOOLS CONTINUE TO GROW: NEIGHBORHOOD COLLABORATIVE, MUSEUM EDUCATION FOR AT-RISK STUDENTS, DELIVERED 70% MORE PROGRAMS THAN THE PREVIOUS FISCAL YEAR. - BRUCEMOBILE EDUCATORS WORKED WITH THE ENTIRE STUDENT BODY OF EASTERN MIDDLE SCHOOL, - EDUCATORS COLLABORATED WITH THE GREENWICH PUBLIC SCHOOLS' SUMMER ENRICHMENT PROGRAM AND DELIVERED SCIENCE AND ART FOCUSED ENRICHMENT FOR ALL 2ND AND 4TH/5TH GRADE CLASSES DURING THE SIX WEEKS OF ENRICHMENT PROGRAMING. - THE MUSEUM AWARDED $5,300 IN BUS SCHOLARSHIP FUNDING TO QUALIFIED SCHOOLS IN ORDER TO ALLEVIATE THEIR LARGEST EXPENSE RELATED TO MUSEUM FIELD TRIPS. - EVENING OPEN HOUSE EVENTS FOR TEACHERS PROVED TO BE VERY SUCCESSFUL AVERAGING 30 TEACHERS PER EVENT. - THE DEPARTMENT RECEIVED TWO AWARDS FOR EXCELLENCE IN EDUCATION ONE FROM THE LOIS BRONZ CHILDREN'S CENTER AND ONE FROM THE FAIRFIELD CULTURAL ALLIANCE. - PHENOMENON SCIENCE INNOVATION FAIR: THE BRUCE MUSEUM LAUNCHED OUR ANNUAL PHENOMENON SCIENCE INNOVATION FAIR, SHOWCASING THE REMARKABLE RESEARCH GOING ON IN OUR LOCAL SCHOOLS. TWELVE FINALISTS PRESENTED THEIR PROJECTS TO A PANEL OF FOUR JUDGES (EACH HOLDING A PHD IN THE SCIENCES) AND TO A LARGE CROWD OF VISITORS. OLIVIA HALILSEY, GREENWICH HIGH STUDENT AND 2015 GOOGLE SCIENCE FAIR WINNER PRESENTED A KEYNOTE ADDRESS. FORM 990, PART IV, LINE 8: THE TOWN OF GREENWICH, CONNECTICUT OWNS THE ENTIRE MUSEUM COLLECTION. THE ORGANIZATION OPERATES THE FACILITY AND ORGANIZES THE EXHIBITS PER AN AGREEMENT WITH THE TOWN OF GREENWICH. THE ORGANIZATION PROVIDES SECURITY FOR THE COLLECTION. IT ALSO PERFORMS RESTORATION AND PRESERVATION OF COLLECTION AS NEEDED TO MAINTAIN THE COLLECTION FOR EXHIBITION. FORM 990, PART VI, SECTION A, LINE 6 BRUCE MUSEUM, INC. CAN HAVE THE FOLLOWING CLASSES OF MEMBERSHIP AS THE BOARD HAS AUTHORIZED IN THE BY LAWS: A) INDIVIDUAL MEMBERSHIP B) CORPORATE MEMBERSHIP (WHICH MAY INCLUDE A PARTNERSHIP, TRUST OR OTHER LEGAL ENTITY) C) FAMILY MEMBERSHIP D) PATRON MEMBERSHIP E) BENEFACTOR MEMBERSHIP F) ROBERT BRUCE CIRCLE MEMBERSHIP EACH MEMBERSHIP IN GOOD STANDING IS ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED TO A VOTE OF THE MEMBERS. THE PERSONS WHO COMPRISE A FAMILY MEMBERSHIP - TOGETHER IS ENTITLED TO ONE VOTE ON EACH MATTER. A MEMBERSHIP MAY VOTE IN PERSON (THROUGH A DULY AUTHORIZED REPRESENTATIVE IN THE CASE OF A CORPORATE MEMBERSHIP) OR BY VALID PROXY. MEMBERS ARE NOT ENTITLED TO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS OR EXCESS DUES OR A SHARE OF THE ORGANIZATION'S NET ASSETS UPON THE ORGANIZATION'S DISSOLUTION. THE BOARD MAY, FROM TIME TO TIME, MODIFY OR ELIMINATE CLASSES OF MEMBERSHIP, MAY ESTABLISH OTHER CLASSES OF MEMBERSHIP, AND QUALIFICATIONS AND PRIVILEGES APPLICABLE TO EACH MEMBERSHIP CLASS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE BRUCE MUSEUM, INC. ELECT THE TRUSTEES, OTHER THAN THE EX-OFFICIO TRUSTEES, AT THE ANNUAL MEETING OF THE MEMBERS, BY A MAJORITY VOTE OF THE MEMBERS ENTITLED TO VOTE WHO ARE PRESENT IN PERSON OR BY WRITTEN PROXY. FORM 990, PART VI, SECTION B, LINE 11 BRUCE MUSEUM, INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. THE FORM 990 IS PROVIDED TO THE AUDIT COMMITTEE FOR REVIEW, COMMENTS, AND APPROVAL. ONCE THE AUDIT COMMITTEE HAS APPROVED THE RETURN, AN ELECTORNIC COPY IS DISTRIBUTED TO THE BOARD AND IT IS FILED WITH THE INTERNAL REVENUE SERVICE. A HARD COPY OF THE RETURN IS ALSO DISTRIBUTED AT A BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE MUST CONDUCT ALL OF HIS OR HER ACTIVITIES IN SUCH A WAY AS TO AVOID ANY CONFLICT BETWEEN THE TRUSTEE'S PERSONAL INTERESTS AND THE POLICIES, OPERATIONS, OR INTERESTS OF THE MUSEUM. TRUSTEES WITH SPECIAL AREAS OF INTEREST WITHIN THE MUSEUM SHOULD UNDERSTAND THAT ADVOCACY FOR THOSE INTERESTS SHOULD BE ADVANCED ONLY WITHIN THE FRAMEWORK OF THE MUSEUM'S INTERESTS AS A WHOLE. IN THE EVENT A CONFLICT IS UNAVOIDABLE, THE TRUSTEE SHALL AT ALL TIMES ACT IN A MANNER CONSISTENT WITH HIS OR HER FIDUCIARY RESPONSIBILITY TO THE MUSEUM AND SHALL EXERCISE PARTICULAR CARE THAT NO DETRIMENT OR APPEARANCE OF DETRIMENT TO THE MUSEUM RESULTS FROM THAT CONFLICT. A TRUSTEE IS CONSIDERED TO HAVE A CONFLICT OF INTEREST WHEN THE TRUSTEE, OR ANY MEMBER OF HIS OR HER IMMEDIATE FAMILY: (A) HAS A FINANCIAL, PERSONAL, OR PROFESSIONAL INTEREST WHICH IMPAIRS OR MIGHT APPEAR TO IMPAIR THE TRUSTEE'S INDEPENDENCE OF JUDGMENT IN THE DISCHARGE OF HIS OR HER RESPONSIBILITIES TO THE MUSEUM. (B) COULD RECEIVE A MATERIAL FINANCIAL, PERSONAL, OR PROFESSIONAL BENEFIT FROM KNOWLEDGE OF CONFIDENTIAL MUSEUM INFORMATION. (C) WOULD RECEIVE FINANCIAL COMPENSATION FOR PERSONAL OR PROFESSIONAL SERVICES RENDERED TO THE MUSEUM WITHOUT THE PRIOR APPROVAL OF THE BOARD OF TRUSTEES. A TRUSTEE SHOULD NOT VOTE ON, APPROVE, OR RECOMMEND APPROVAL OF A TRANSACTION BETWEEN THE MUSEUM AND THAT TRUSTEE OR IMMEDIATE FAMILY MEMBER, AND SHOULD DISCLOSE ANY POTENTIAL CONFLICT PRIOR TO A VOTE OR OTHER ACTION. IF SUCH TRUSTEE IS PRESENT WHEN A MATTER INVOLVING A POTENTIAL CONFLICT OF INTEREST IS CONSIDERED, HE OR SHE SHOULD LEAVE THE MEETING DURING THAT DISCUSSION AND/OR THE VOTE. A TRUSTEE SHOULD, IN GENERAL, COMMUNICATE ANY ADMINISTRATIVE OR MANAGERIAL CONCERNS TO THE CHAIRMAN OF THE BOARD OF TRUSTEES OR TO THE EXECUTIVE DIRECTOR. IN NO CASE SHOULD A TRUSTEE GIVE DIRECTION TO, OR CRITICIZE DIRECTLY, ANY MUSEUM PERSONNEL. THE STAFF GUIDELINES ARE FOUNDED ON THE FOLLOWING GENERAL PRINCIPLES: THE FIRST LOYALTY OF A STAFF MEMBER IS TO THE MUSEUM; CONFLICTS OF INTEREST OR THE APPEARANCE THEREOF MUST BE AVOIDED; A PROFESSIONAL STAFF POSITION MUST NOT BE USED FOR PERSONAL GAIN; STAFF SHOULD AT ALL TIMES SEEK TO MAINTAIN THE MUSEUM'S GOOD NAME IN THE COMMUNITY AND AVOID MISUSE OR DISPARAGEMENT OF ITS NAME, REPUTATION, PROPERTY OR SERVICES; A STAFF MEMBER SHALL NOT PURSUE ANY COURSE OF ACTION INDIRECTLY WHICH IF DONE DIRECTLY WOULD BE PROSCRIBED BY THE MUSEUM'S CODE OF ETHICS. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE CONDUCTS AN ANNUAL PERFORMANCE REVIEW OF THE EXECUTIVE DIRECTOR. COMPENSATION IS BASED ON THE EMPLOYEE'S PERFORMANCE AND COMPARABILITY DATA TO THE INDUSTRY STANDARDS USING THE AMERICAN ASSOCIATION OF MUSEUM'S SALARY SURVEY. THE BOARD APPROVES THE EXECUTIVE DIRECTOR'S COMPENSATION. THE COMPENSATION APPROVAL IS DOCUMENTED IN A LETTER FROM THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 18 FORM 990 IS AVAILABLE ON WWW.GUIDESTAR.ORG, WWW.CHARITYNAVIGATOR.ORG, AND WWW.ERI-NONPROFIT-SALARIES.COM FORM 990 IS ALSO AVAILABLE ON OUR WEBSITE: BRUCEMUSEUM.ORG FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990, AND FORM 1023 ARE MADE AVAILABLE FOR PUBLIC VIEWING UPON WRITTEN REQUEST AT BRUCE MUSEUM, INC. HEADQUARTERS LOCATED AT 1 MUSEUM DRIVE, GREENWICH, CONNECTICUT, 06830. FORM 990. PART XI, LINE 2C: THE INDEPENDENT AUDITOR IS SELECTED AFTER A REVIEW AND BIDDING PROCESS CONDUCTED BY THE AUDIT COMMITTEE. THE AUDIT COMMITTEE REVIEWS THE FINANCIAL STATEMENT AND MEETS WITH THE INDEPENDENT AUDITORS BEFORE THE AUDIT REPORT AND FINANCIAL STATEMENTS ARE ISSUED. AUDIT FINDINGS, IF ANY, ARE COMMUNICATED TO THE AUDIT COMMITTEE BY THE INDEPENDENT AUDITORS. AUDIT COMMITTEE CONSIDERS THE FINDINGS. AUDIT COMMITTEE RECOMMENDS CORRECTIVE ACTION, IF IN THEIR JUDGEMENT IT IS NEEDED. THERE HAVE BEEN NO CHANGES IN THE PROCESS FROM THE PRIOR YEAR.