2016-05-13T20:07:58-05:00 2015-06-30 860558065 HEINFELD MEECH & CO PC 10120 N ORACLE RD TUCSON AZ 85704 990 2014-07-01 866006371 TUCSON MUSEUM OF ART AND HISTORIC BLOCK INC TUCS 5206242333 140 NORTH MAIN AVENUE TUCSON AZ 85701 ALAN HERSHOWITZ CHIEF EXECUTIVE OFFICER 5206242333 2016-05-13 1 COREY ARVIZU CPA P01777649 5207422611 2016-05-12 2014 2016-08-17 19:52:53Z JEREMY MIKOLAJCZAK 140 NORTH MAIN AVENUE TUCSON AZ 85701 3181896 0 X WWW.TUCSONMUSEUMOFART.ORG X 1975 AZ PROVIDING VISUAL ARTS EXHIBITIONS AND EDUCATIONAL PROGRAMS TO SOUTHERN ARIZONA. 28 28 56 600 78682 24536 1528508 1228999 175866 285000 88162 91383 544306 724069 2336842 2329451 0 0 0 0 1202708 1393497 0 0 321395 1049297 1269152 2252005 2662649 84837 -333198 7390537 7148540 364284 495240 7026253 6653300 X CONNECTING ART TO LIFE. 0 0 927762 215395 CURATORIAL & EXHIBITIONS:TO ACHIEVE ITS MISSION OF "CONNECTING ART TO LIFE," THE TUCSON MUSEUM OF ART AND HISTORIC BLOCK PRESERVES AND INTERPRETS ITS COLLECTIONS OF THE ART OF LATIN AMERICA, ART OF THE AMERICAN WEST, AND MODERN AND CONTEMPORARY ART; CARES FOR AND INTERPRETS FIVE SIGNIFICANT EL PRESIDIO HISTORIC PROPERTIES; AND PRODUCES RELATED EXHIBITIONS, EDUCATION PROGRAMS, AND PUBLICATIONS WHICH EXPAND UNDERSTANDING AND APPRECIATION OF THESE UNIQUE COMMUNITY RESOURCES.THE MUSEUM WAS PLEASED TO DISPLAY 11 REMARKABLE EXHIBITIONS DURING ITS 2014-15 FISCAL YEAR. THE FOLLOWING ARE JUST A SAMPLE OF THE RICH ARTISTIC HERITAGE MADE AVAILABLE TO THE PUBLIC:THE FIGURE EXAMINED: MASTERWORKS FROM THE KASSER MOCHARY ART FOUNDATION: COMPRISING APPROXIMATELY 120 WORKS OF ART, THIS SURVEY EXAMINED THE PORTRAYAL OF THE HUMAN FIGURE THROUGH PAINTINGS, SCULPTURE, AND WORKS ON PAPER BY NOTED 19TH- AND 20TH-CENTURY EUROPEAN AND AMERICAN ARTISTS. INCLUDED IN THE EXHIBITION WERE WORKS BY MARY CASSATT, LYNN CHADWICK, MARC CHAGALL, JEAN COCTEAU, J SEPH CS KY, SALVADOR DALI, HONORE DAUMIER, GIORGIO DE CHIRICO, EDGAR DEGAS, EUGENE DELACROIX, RAOUL DUFY, PAUL GAUGUIN, ALBERTO GIACOMETTI, FRANCISCO GOYA, OSKAR KOKOSCHKA, JACQUES LIPCHITZ, EDOUARD MANET, HENRI MATISSE, JOAN MIRO, AMEDEO MODIGLIANI, HENRY MOORE, PABLO PICASSO, JACKSON POLLOCK, PIERRE-AUGUSTE RENOIR, DIEGO RIVERA, AUGUSTE RODIN, EGON SCHIELE, PAUL SIGNAC, ALFRED SISLEY, HENRI DE TOULOUSE-LAURTREC, ANDY WARHOL, MAX WEBER, AND MORE.LIVIN' LARGE: WORKS FROM THE 1980S: THE 1980S WAS A HEADY DECADE OF ECONOMIC GROWTH IN THE UNITED STATES THAT SPURRED THE ART MARKET AND ENCOURAGED BOLD EXPERIMENTATION BY ARTISTS IN ALL MEDIA AND ON BOTH COASTS. IT WAS A TIME OF EXCESS; SIZE, COLOR, AND SUBJECT MATTER REVEALED A NEW SPIRIT AND PLURALISM, AND BOTH ABSTRACTION AND FIGURATION HELD EQUAL SWAY. THIS EXHIBITION PRESENTS A RANGE OF PAINTINGS AND OTHER WORKS THAT REVEAL A NEW SENSE OF CONFIDENCE IN ARTISTIC EXPRESSION OF A TIME THAT CAN BEST BE DESCRIBED AS "LIVIN' LARGE."THE WPA CONNECTION: SELECTIONS FROM THE MODERN ART COLLECTION: CREATED BY PRESIDENT FRANKLIN DELANO ROOSEVELT IN 1935, THE WORK PROGRESS ADMINISTRATION (WPA) WAS DESIGNED TO PROVIDE JOBS TO AMERICANS BY CREATING GOVERNMENT FUNDED PUBLIC WORK PROJECTS IN THE DEPRESSION ERA. THE PROGRAM WAS RESPONSIBLE FOR BUILDING BRIDGES, SCHOOLS, ROADS, PUBLIC PARKS, AND AIRPORTS OVER AN EIGHT YEAR PERIOD. DURING THIS TIME THE GOVERNMENT ALSO INAUGURATED THE WPA SPONSORED FEDERAL ART PROJECT (FAP). HEADED BY ART CRITIC AND CURATOR HOLGER CAHILL, FAP EMPLOYED HUNDREDS OF ARTISTS TO CREATE PAINTINGS, MURALS, SCULPTURES, POSTERS, PRINTS, AND DRAWINGS. THIS EXHIBITION SHOWCASED APPROXIMATELY THIRTY PAINTINGS, WORKS ON PAPER, AND SCULPTURES BY FOURTEEN ARTISTS WHO HAD BEEN EMPLOYED BY THE WPA. THE WORKS IN THIS EXHIBITION WERE NOT COMMISSIONED BY THE GOVERNMENT, BUT THEY REVEAL CREATIVE FORCES AT WORK INDEPENDENT OF THE PATRIOTIC SUBJECT MATTER OFTEN EXPECTED OF WPA ARTISTS. INCLUDED IN THE WPA CONNECTION WERE SUCH NOTABLE ARTISTS AS WILLIAM BAZIOTES, ROMARE BEARDEN, PHILIP EVERGOOD, BALCOMB GREENE, MARSDEN HARTLEY, AND RAPHAEL SOYER. THEIR WORKS COVER TIME PERIODS BEFORE, DURING, AND AFTER THE WPA PROGRAM.SOUTHWEST ANTHEMS: LANDSCAPES OF A REGION: OVER TIME, ARTISTS HAVE PLAYED A MAJOR ROLE IN PROMOTING THE LANDSCAPES OF THE AMERICAN SOUTHWEST AS SOURCES OF NATIONAL PRIDE AND IDENTITY. ARTISTIC REPRESENTATIONS OF THE NATURAL SPLENDOR OF LANDSCAPES- THE MOUNTAINS, PLAINS, AND DESERTS- OFFER A GLIMPSE INTO THIS DISTINCT GEOGRAPHIC REGION AND LIFE FOUND WITHIN IT. IN THIS EXHIBITION, VIEWERS WERE INVITED TO FORM CONNECTIONS WITH DISTINCTLY AMERICAN PLACES LIKE THE GRAND CANYON WITH ITS ELEVATED PEAKS AND VAST CHASMS, THE COLORFUL CANYONS OF NEW MEXICO, AND THE UNIQUE SETTING OF ARIZONA'S DESERTS. FOCUSING ON WORKS OF ART FROM THE MID-TWENTIETH CENTURY THROUGH TODAY, THIS EXHIBITION EXPLORED WORKS OF ART WITH MULTIPLE INTERPRETATIONS OF THE LANDSCAPE.WELCOME TO BEVELDOM: MAT BEVEL'S MUSEUM OF KINETIC ART: USING A PLETHORA OF FOUND OBJECTS AND ASSEMBLING THEM INTO FANTASTICAL KINETIC SCULPTURES AND PERFORMANCE PROPS, NED SCHAPER, IN THE PERSONA OF MAT BEVEL, HAS CREATED PLAYFULLY PUNNING, YET DEEPLY PHILOSOPHICAL WORKS THAT REFLECT ON SOCIETY IN ALL ITS ABSURDITY. KNOWN AS THE MAESTRO OF "GIZMOTRONIC FANFARE OF SPUNK, FUNK, AND KINETIC JUNK," SCHAPER CREATED THE MAT BEVEL INSTITUTE IN 1996, HOUSED IN A 5,000 FOOT ARIZONA DEPARTMENT OF TRANSPORTATION WAREHOUSE IN TUCSON AT A TIME WHEN THE DOWNTOWN AREA WAS GRITTY AND ALIVE WITH A THRIVING ART COMMUNITY. THERE, HE CREATED POETRY, PERFORMANCES, AND SCULPTURES AS PART OF HIS MUSEUM OF KINETIC ART, EMBODIED THROUGH SUCH COLORFUL CHARACTERS AS LOVER BOY, FINE FELLOW, DR. PARADOX, MR. CHAIRPERSON, AND AIMLESS SUCKER. WHEN RECENT DOWNTOWN REVITALIZATION PROJECTS BEGAN TO KICK INTO GEAR, SCHAPER WAS GIVEN A SPRING DEADLINE TO VACATE HIS SPACE, WHICH INSPIRED HIM TO SHAPE ALL OF HIS SCULPTURES INTO A VAST ARK D'BEVEL. FOR THIS RETROSPECTIVE EXHIBITION, SCHAPER WILL DISENTANGLE THE BEHEMOTH OF AN ARK FOR VISITORS TO SEE HIS VARIOUS KINETIC SCULPTURES FOR THE FIRST TIME IN A MUSEUM SETTING. 407173 94532 EDUCATION:THE TUCSON MUSEUM OF ART FOSTERS A DEEPER UNDERSTANDING AND APPRECIATION FOR ITS HISTORIC COLLECTIONS THROUGH ITS NUMEROUS EDUCATIONAL PROGRAMS. THE MUSEUM OFFERS A WIDE ARRAY OF PROGRAMS TO THE PUBLIC, INCLUDING: THE YOUTH/PRE-K-12 SCHOOL PROGRAMS, COMMUNITY OUTREACH PROGRAMS, FAMILY PROGRAMS, ACCESSIBLE PROGRAMS, AND THE RESEARCH LIBRARY.27,100 PEOPLE PARTICIPATED IN THE MUSEUM'S PUBLIC PROGRAMS, WHICH ARE DESIGNED TO ENGAGE ALL COMMUNITY MEMBERS IN CONVERSATIONS, LECTURES, GALLERY TOURS AND OTHER EXPERIENCES THAT PROVIDE AN INTERDISCIPLINARY AND MULTI-DIMENSIONAL PERSPECTIVE OF THE PERMANENT COLLECTION AND SPECIAL EXHIBITIONS. 536912 124653 MUSEUM STORE:THE MUSEUM STORE FEATURES AN IMPRESSIVE SELECTION OF WORKS BY ARIZONA'S MOST TALENTED ARTISTS AND CRAFTSPEOPLE. MANY OF THE WORKS ARE ON CONSIGNMENT FROM LOCAL ARTISANS WHILE OTHERS ARE PURCHASED FOR RESALE. THE STORE EXISTS TO PROVIDE AN AVENUE OF EXPOSURE FOR THE LOCAL ART COMMUNITY AND SUPPLY TUCSON WITH A VENUE FOR LOCAL TALENT. 1871847 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 16 0 1 56 1 1 1 0 0 0 0 1 1 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 AZ X X ALAN HERSHOWITZ CHIEF OPERATING OF 5206242333 140 NORTH MAIN AVENUE TUCSON AZ 85701 AMY J ADAMS TRUSTEE 2.00 X 0 0 0 LARRY ADAMSON TRUSTEE 2.00 X 0 0 0 ANDY ANDERSON TRUSTEE EMERITUS 2.00 X 0 0 0 JOYCE ANICKER TRUSTEE EMERITUS 2.00 X 0 0 0 ALICE BAKER TRUSTEE EMERITUS 2.00 X 0 0 0 JOYCE BROAN TRUSTEE 2.00 X 0 0 0 MARY JO BROWN SECRETARY 2.00 X X 0 0 0 MICHAEL BYLSMA VICE PRESIDENT 2.00 X X 0 0 0 JEAN COOPER TRUSTEE 2.00 X 0 0 0 CAROL DETERS TRUSTEE EX-OFFICIO 2.00 X 0 0 0 JEFFREY GARTNER TRUSTEE EX-OFFICIO 2.00 X 0 0 0 MOIRA GEOFFRION TRUSTEE EX-OFFICIO 2.00 X 0 0 0 JAMES GLASSER TRUSTEE EMERITUS 2.00 X 0 0 0 JOHN GOODMAN TRUSTEE EMERITUS 2.00 X 0 0 0 FRANK HAMILTON TRUSTEE 2.00 X 0 0 0 MICHAEL HANSON PRESIDENT 2.00 X X 0 0 0 JOAN JACOBSON TRUSTEE 2.00 X 0 0 0 MICHAEL JETTE TRUSTEE 2.00 X 0 0 0 MICHAEL KASSER TRUSTEE 2.00 X 0 0 0 STEVE LEAL TRUSTEE 2.00 X 0 0 0 TERESA LIVERZANI-BAKER TRUSTEE 2.00 X 0 0 0 CHINWE MARY OKOYE TRUSTEE 2.00 X 0 0 0 BETSEY J PARLATO TRUSTEE EX-OFFICIO 2.00 X 0 0 0 ALINE COOKIE PASHKOW TRUSTEE EX-OFFICIO 2.00 X 0 0 0 STEVEN B RATOFF TREASURER 2.00 X X 0 0 0 DR JOHN SCHAEFER TRUSTEE EMERITUS 2.00 X 0 0 0 COPPELIA SAMAHA TRUSTEE 2.00 X 0 0 0 ANNE Y SNODGRASS TRUSTEE 2.00 X 0 0 0 ROBERT KNIGHT EXECUTIVE DIRECTOR 40.00 X 150054 0 9755 ALAN HERSHOWITZ CHIEF OPERATING OFFICER 40.00 X 64560 0 5011 214614 0 14766 1 0 1 0 0 205358 182586 841055 140753 1228999 MUSEUM ADMISSIONS 900099 173813 173813 TUITION & EDUCATION 611600 94532 94532 EXHIBITIONS 900099 16655 16655 285000 91383 91383 166650 0 166650 166650 166650 717037 182586 543192 173845 173845 353625 198313 155312 155312 235593 110940 124653 124653 FACILITY RENTALS 900099 78682 78682 24927 24927 103609 2329451 434580 78682 587190 235177 80071 96312 58794 945334 739061 64763 141510 18542 12930 3071 2541 86033 58695 10508 16830 108411 80653 11672 16086 16531 16531 206494 126577 67149 12768 98517 82199 344 15974 176817 100199 36663 39955 1275 600 675 2656 2656 328942 247697 81245 14256 7013 3503 3740 11513 129 698 10686 13102 13021 81 202956 152217 50739 26669 19800 6869 COLLECTION PURCHASES 78897 78897 EQUIPMENT 47333 41350 5983 LECTURERS & PERFORMERS 13128 13128 30066 14954 12682 2430 2662649 1871847 469407 321395 1404389 1870087 873111 212043 13762 12012 15506 34591 9139730 5584324 3669102 3555406 1405166 1454900 9501 9501 7390537 7148540 95108 66469 169176 228771 100000 200000 364284 495240 X 3237349 2812113 1213220 445829 2575684 3395358 7026253 6653300 7390537 7148540 -333198 -39755 0 X 0 1 X 1 0 X 1373052 2255648 1755787 1528508 1228998 8141993 400824 400824 400824 400824 400824 2004120 1773876 2656472 2156611 1929332 1629822 10146113 10146113 243600 142920 220365 225974 258033 1090892 339744 377137 467083 252041 329157 1765162 13002167 0.78030 0.77490 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 1 2868003 820159 51502 67384 3672280 2808309 7411 209080 156797 2868003 2795916 158023 145630 2808309 1845323 1098058 -69807 77658 2795916 1390363 256945 252499 54484 1845323 0.92460 0.07540 1 0 5661594 2763091 2898503 2018699 1506394 512305 1064303 966296 98007 395134 348543 46591 3555406 3219966 -39755 -39755 3259721 -930270 -930270 2329451 3592919 930270 930270 2662649 0 2662649 PART III, LINE 1A: THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE MUSEUM'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. 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 OR PERMANENTLY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. GIFTS OF CASH RESTRICTED BY DONORS FOR THE PURCHASE OF ART ARE REPORTED AS TEMPORARILY RESTRICTED NET ASSETS. CONTRIBUTED COLLECTION ITEMS AND REFERENCE BOOKS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS. DURING 2015 AND 2014, THE MUSEUM RECEIVED $717,800 AND $499,865 OF CONTRIBUTED ART (UNAUDITED) NOT RECORDED IN THE STATEMENT OF FINANCIAL POSITION, AS IN ACCORDANCE WITH THEIR POLICY. PROCEEDS FROM DE-ACCESSIONS OR INSURANCE RECOVERIES, IF ANY, ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. PART III, LINE 4: THE TUCSON MUSEUM OF ART AND HISTORIC BLOCK CONNECTS ART TO LIFE BY INSPIRING DISCOVERY, CREATIVITY, AND CULTURAL UNDERSTANDING THROUGH MEANINGFUL, ENGAGING EXPERIENCES. TO ACHIEVE ITS MISSION, THE TUCSON MUSEUM OF ART AND HISTORIC BLOCK PRESERVES AND INTERPRETS ITS COLLECTIONS OF ART OF THE AMERICAS, ART OF THE AMERICAN WEST, AND MODERN AND CONTEMPORARY AMERICAN ART; CARES FOR AND INTERPRETS FIVE SIGNIFICANT EL PRESIDIO HISTORIC PROPERTIES; AND PRODUCES RELATED EXHIBITIONS, EDUCATIONAL PROGRAMS, AND PUBLICATIONS WHICH EXPAND UNDERSTANDING AND APPRECIATION OF THESE UNIQUE COMMUNITY RESOURCES. PART V, LINE 4: THE MUSEUM'S ENDOWMENTS CONSIST OF TWO FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES TO INCLUDE BOTH INCOME AND COLLECTION PURPOSES. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT EXPENSES OF FUNDRAISING EVENTS -543,192. DIRECT EXPENSES OF GAMING ACTIVITIES -198,313. COST OF GOODS SOLD -110,940. ALL OTHER DIRECT EXPENSES OF FUNDRAISING ACTIVITIES BELOW THRESHOLD -77,825. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT EXPENSES OF FUNDRAISING EVENTS 543,192. DIRECT EXPENSES OF GAMING ACTIVITIES 198,313. COST OF GOOD SOLD 110,940. ALL OTHER DIRECT EXPENSES OF FUNDRAISING ACTIVITIES BELOW THRESHOLD 77,825. ARTISANS MARKET 393331 393331 3000 296580 CRUSH 303362 141446 161916 8370 50750 7850 84640 9 202930 41140 161790 92002 899623 182586 717037 8370 50750 10850 473222 543192 173845 353625 128426 3770 66117 0 353625 128426 3770 66117 198313 155312 AZ 0 ARIZONA REVISED STATUTE 13-3302 PERMITS ORGANIZATIONS EXEMPT UNDER ARS 43-1201, PARAGRAPH 1, 2, 4, 5, 6, 7, 10, OR 11 TO CONDUCT RAFFLES SUBJECT TO CERTAIN RESTRICTIONS. TUCSON MUSEUM OF ART IS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC 501(C)(3), AND EXEMPT FROM ARIZONA INCOME TAX UNDER ARS 43-1201 PARAGRAPH 4. THEREFORE, IT IS PERMITTED TO CONDUCT RAFFLES SUBJECT TO THE RESTRICTIONS. NO LICENSE IS REQUIRED. 0 1 0 1.00000 ALAN HERSHOWITZ 140 NORTH MAIN AVENUE TUCSON AZ 85701 0 ALAN HERSHOWITZ 10311 OVERSIGHT AND RECORDKEEPING X 0 X 1 1 X X 0 0 0 0 0 0 0 0 0 ROBERT KNIGHT EXECUTIVE DIRECTOR 150054 0 0 0 0 0 4744 0 5011 0 159809 0 0 0 X 131 SEE PART II X 69820 SALES PRICE X 26 70933 SALES PRICE 10 0 1 0 PART I, LINE 33: NO AMOUNT WAS REPORTED ON FORM 990, PART VIII, FOR DONATIONS OF ART BECAUSE THE MUSEUM DOES NOT CAPITALIZE ITS COLLECTIONS. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS PREPARED BY AN INDEPENDENT CPA AND PROVIDED TO THE CHIEF OPERATING OFFICER FOR REVIEW. AFTER THE CPA INCORPORATES ANY REVISIONS SUGGESTED BY THE CHIEF OPERATING OFFICER, A DRAFT IS PROVIDED TO ALL MEMBERS OF THE FINANCE COMMITTEE FOR REVIEW AND APPROVAL. AFTER THE FINANCE COMMITTEE APPROVES THE FORM 990, A COPY IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY REQUIRES DIRECTORS TO DISCLOSE POTENTIAL CONFLICTS. VOLUNTARY COMPLIANCE IS EXPECTED. IN ADDITION, ON AN ANNUAL BASIS, OFFICERS AND DIRECTORS ARE REQUIRED TO SIGN A STATEMENT ACKNOWLEDGING COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. THE POLICY COVERS ANY DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD-DELEGATED POWERS. THE PROCEDURE FOR IDENTIFYING IF A CONFLICT EXISTS BEGINS WITH AN INTERESTED PERSON DISCLOSING THE EXISTENCE OF ANY FINANCIAL INTEREST AND ALL MATERIAL FACTS TO THE BOARD OR EXECUTIVE COMMITTEE. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE BOARD OR EXECUTIVE COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR EXECUTIVE COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. DISINTERESTED PERSONS OR A COMMITTEE MAY INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR EXECUTIVE COMMITTEE SHALL DETERMINE WHETHER TMA CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE BOARD OR EXECUTIVE COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN TMA'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE ORGANIZATION'S EXECUTIVE DIRECTOR AND CHIEF OPERATING OFFICER IS DETERMINED AND APPROVED ANNUALLY BY THE BOARD OF DIRECTORS. THE INITIAL COMPENSATION PACKAGES OF THE ORGANIZATION'S EXECUTIVE DIRECTOR AND CHIEF OPERATING OFFICER WERE DETERMINED USING COMPARABILITY DATA, AND ARE REVISED ANNUALLY FOR COST OF LIVING INCREASES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PUBLISHES ITS ANNUAL REPORT ON ITS WEBSITE, WHICH INCLUDES AUDITED FINANCIAL DATA. GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990 IS AVAILABLE ONLINE AT GUIDESTAR.ORG.