2013-07-12T16:42:06-05:00 2012-08-31 263789391 WILSON MARKLE STUCKEY HARDESTY & BOTT 101 LARKSPUR LANDING CIRCLE STE 200 LARKSPUR CA 949391750 990 2011-09-01 680033227 BAY AREA DISCOVERY MUSEUM BAYA 4153393900 EAST FORT BAKER 557 MCREYNOLDS ROAD SAUSALITO CA 949652614 ROLF NEUWEILER 4153393990 2013-07-12 1 MICHAEL SMITH P00097496 4159251120 2013-07-12 2011 2016-02-24 21:20:13Z KARYN FLYNN EAST FORT BAKER 557 MCREYNOLDS ROAD SAUSALITO CA 949652614 5254962 0 X WWW.BAYKIDSMUSEUM.ORG/HOME/ X 1984 CA IGNITE AND ADVANCE CREATIVE THINKING FOR ALL CHILDREN. 27 27 101 38 0 0 1956878 2127834 1873688 2255772 1927 11665 80056 105074 3912549 4500345 0 0 0 0 2439939 2443756 0 0 482834 1888747 2122061 4328686 4565817 -416137 -65472 12027455 12074077 684284 796378 11343171 11277699 X IGNITE AND ADVANCE CREATIVE THINKING FOR ALL CHILDREN. 1 0 3097173 0 2467775 CREATIVE THINKING BEGINS EARLY IN EVERY CHILD'S LIFE. IT ENABLES ORIGINAL THOUGHT AND THE ABILITY TO SEE SOLUTIONS WHERE OTHERS DO NOT. IT UNLOCKS POSSIBILITIES AND FOSTERS INNOVATION. IT PROVIDES THE FUNDAMENTAL BUILDING BLOCKS FOR SUCCESS IN SCHOOL AND BEYOND. THE MUSEUM IS DESIGNED TO IGNITE CREATIVE THINKING IN CHILDREN. 7.5 ACRES OF NATURAL BEAUTY INSPIRES FAMILIES TO ENGAGE IN A WORLD OF POSSIBILITIES. FRAMED BY THE MAJESTIC BACKDROP OF THE GOLDEN GATE BRIDGE, THE MUSEUM IS A SPACE FOR IMAGINATIONS TO RUN WILD. EACH CURATED DETAIL OF THE EXHIBITS BRINGS CREATIVE THINKING TO LIFE FOR ALL STAGES OF CHILDHOOD. NAVIGATE WINDING TUNNELS TO DEVELOP PHYSICAL AND INTELLECTUAL RISK-TAKING SKILLS. FEEL THE RUSH OF COLD-WATER TIDE POOLS THAT SURPRISE AND AWAKEN CURIOSITY. IMAGINE NEW WORLDS BY TRANSFORMING INTO A SPIDER, SHIP CAPTAIN OR BRIDGE BUILDER. AT EVERY TURN IS A NEW OPPORTUNITY TO CHALLENGE THE BOUNDARIES OF CREATIVITY. THE MUSEUM IS NOW TAKING THESE EXPERIENCES BEYOND OUR PHYSICAL LOCATION. THE MUSEUM LAUNCHED THE CENTER FOR CHILDHOOD CREATIVITY IN 2011 TO PIONEER NEW RESEARCH, THOUGHT-LEADERSHIP AND TEACHER TRAINING PROGRAMS THAT ADVANCE CREATIVE THINKING IN ALL CHILDREN - EXTENDING OUR IMPACT BEYOND THE MUSEUM.MUSEUM EXHIBITS INCLUDE TOT SPOT, AN INDOOR/OUTDOOR MULTI-SENSORY EXPERIENCE FOR TODDLERS; ART STUDIOS WITH PROJECTS FOR YOUNGER AND OLDER CHILDREN; THE 2.5-ACRE OUTDOOR LOOKOUT COVE; THE WAVE WORKSHOP SCIENCE LAB; BAY HALL, A SIMULATION OF THE SAN FRANCISCO AND OAKLAND PORTS; DISCOVERY HALL, OFFERING THREE SPECIAL EXHIBITIONS ANNUALLY; AND THE 180-SEAT DISCOVERY THEATRE. IN ADDITION TO THE EXHIBITS, THE MUSEUM OFFERS NUMEROUS PERFORMANCE SERIES, INCLUDING THE ETHNIC DANCE SERIES WORLD ON STAGE; CULTURAL FESTIVALS INCLUDING CHINESE NEW YEAR AND KWANZAA; SPRING AND SUMMER DAY CAMPS; A DROP-OFF CREATIVE ENRICHMENT PROGRAM CALLED NOT-A-SCHOOL; DROP-IN ART AND SCIENCE WORKSHOPS; AND A STRONG OUTREACH PROGRAM CALLED CONNECTIONS. OVER 10,000 SCHOOLCHILDREN VISIT EACH YEAR AND APPROXIMATELY 40,000 VISITORS RECEIVE DISCOUNTED OR FREE ADMISSION. THE DISCOVERY STORE OFFERS A WIDE VARIETY OF EDUCATIONAL, INTERACTIVE AND FUN PRODUCTS. THE AWARD-WINNING BIRTHDAY PARTIES SERVE 10,000 VISITORS EACH YEAR. THREE FUNDRAISING EVENTS SUPPORT THE MUSEUM: GOBLIN JAMBOREE, A PUBLIC HALLOWEEN FESTIVAL; CREATIVITY FORUM, A LUNCHEON FEATURING THOUGHT-LEADERS SPEAKING ON THE TOPIC OF CREATIVITY; AND THE PLAYDATE, A LIVE AUCTION AND DINNER UNDER THE GOLDEN GATE BRIDGE. 3097173 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 24 0 1 101 1 0 0 0 0 0 1 1 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 CA X X ROLF NEUWEILER 4153393900 EAST FORT BAKER 557 MCREYNOLDS ROAD SAUSALITO CA 949652614 STEVEN ASHLEY 1.00 X 0 0 0 LILY BEISCHER 1.00 X 0 0 0 JOHN DICK 1.00 X 0 0 0 KRISTEN KOH GOLDSTEIN 1.00 X 0 0 0 HUMBERTO GALLENO 1.00 X X 0 0 0 SANJAY JAIN 1.00 X X 0 0 0 MELISSA NORRIS 1.00 X 0 0 0 STEPHEN HOHENRIEDER 1.00 X 0 0 0 DONNA LORSCH 1.00 X 0 0 0 MIKE SMITH 1.00 X 0 0 0 ROBERT THOMPSON 1.00 X 0 0 0 RICHARD ALAN YANOWITCH 1.00 X 0 0 0 RAVI MOHAN 1.00 X 0 0 0 ERNEST CHOW 1.00 X 0 0 0 CIGDEM GENCER 1.00 X 0 0 0 JAY KERN 1.00 X 0 0 0 MATHIAS SCHILLING 1.00 X 0 0 0 ANDREW HOYBACH 1.00 X X 0 0 0 ELIZABETH PANG FULLERTON 1.00 X 0 0 0 ELIZABETH RIEKE 40.00 X X 0 0 0 JEANA TONEY 1.00 X 0 0 0 KATHERINE ROTHSCHILD 1.00 X 0 0 0 MARK CASEY 1.00 X 0 0 0 CARRIE WHEELER 1.00 X 0 0 0 DAVE MACKNIGHT 1.00 X 0 0 0 KELLY STEREMBERG 1.00 X 0 0 0 LINDA CHONG 1.00 X 0 0 0 STEPHEN PERKINS 1.00 X 0 0 0 KARYN FLYNN 40.00 X 0 0 0 DARLENE TITUS 40.00 X 81583 0 2091 ROLF NEUWEILER 40.00 X 0 0 0 RICHARD WINEFIELD 40.00 X 167123 0 1755 248706 0 3846 1 1 1 0 0 595546 1532288 354197 2127834 ADMISSION FEES 713990 857001 857001 MEMBERSHIP DUES 713990 844318 844318 PROGRAM FEES 713990 554453 554453 2255772 1879 1879 34832 14978 19854 19854 19854 235655 225869 9786 9786 9786 154672 595546 325963 -171291 -171291 399810 187807 212003 212003 CAFE SALES SHARE 722210 44508 44508 44508 4500345 2467775 0 -95264 246291 246291 1837772 968231 558679 310862 206436 103795 74068 28573 153257 77057 54987 21213 54775 54775 256296 147183 53326 55787 116048 -5489 118292 3245 87056 72732 14324 20340 900 19440 71067 67542 3395 130 19319 3448 15871 711412 670385 35862 5165 39649 39649 UTILITIES 198816 0 198816 0 MAINTENANCE AND REPAIRS 117792 26707 91085 0 PRINTING AND PUBLICATIO 105326 17470 59117 28739 CHANGING EXHIBITS 94883 94883 0 0 229282 852329 -652167 29120 4565817 3097173 985810 482834 1316760 426055 569779 1898737 87000 180223 18809 17294 37444 50323 90020 106202 17529945 8134702 9907643 9395243 12027455 12074077 284484 392265 399800 404113 684284 796378 X 10654856 10460721 598315 816978 90000 0 11343171 11277699 12027455 12074077 -65472 0 X 0 1 1 X 0 X 2278506 1850548 1815364 1956878 2127834 10029130 2278506 1850548 1815364 1956878 2127834 10029130 356972 9672158 82587 81615 29337 28452 36711 258702 10287832 11247863 0.94020 0.94620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 91706 194 91900 91400 306 91706 90967 433 91400 90000 967 90967 0.00000 0.00000 0.00000 0 0 17529945 8134702 9395243 9395243 4500345 4565817 -65472 -65472 4678673 178328 178328 4500345 0 4500345 4744145 178328 178328 4565817 0 4565817 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: PERMANENTLY RESTRICTED NET ASSETS CONSISTED OF FUNDS FROM ONE DONOR WITH THE INCOME EARNED ON THE FUNDS RESTRICTED TO THE ARTIST-IN-RESIDENCE PROGRAM. DURING THE YEAR ENDED AUGUST 31, 2012, THE DONOR CHANGED THE PERMANENT RESTRICTION TO A TEMPORARY RESTRICTION FOR FOUR YEARS FOR THE SAME PROGRAM, THUS ELIMINATING THE "ENDOWMENT." DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE MANAGEMENT OF THE MUSEUM CONSIDERS CERTAIN TAX POSITIONS TAKEN BY THE MUSEUM. A TAX POSITION IS A POSITION TAKEN IN A PREVIOUSLY FILED TAX RETURN OR A POSITION MANAGEMENT OF THE MUSEUM EXPECTS TO TAKE IN A FUTURE TAX RETURN THAT FIGURES IN MEASURING CURRENT OR DEFERRED INCOME TAX ASSETS AND LIABILITIES FOR INTERIM OR ANNUAL PERIODS. A TAX POSITION CAN RESULT IN A PERMANENT REDUCTION IN INCOME TAXES PAYABLE, A DEFERRAL OF INCOME TAXES OTHERWISE CURRENTLY PAYABLE TO FUTURE YEARS OR A CHANGE IN THE EXPECTED REALIZABILITY OF DEFERRED TAX ASSETS. A TAX POSITION ALSO ENCOMPASSES, BUT IS NOT LIMITED TO: 1. A DECISION NOT TO FILE A TAX RETURN 2. AN ALLOCATION OR A SHIFT OF INCOME BETWEEN JURISDICTIONS 3. THE CHARACTERIZATION OF INCOME OR A DECISION TO EXCLUDE REPORTING TAXABLE INCOME IN A RETURN 4. A DECISION TO CLASSIFY A TRANSACTION, ENTITY OR OTHER POSITION IN A TAX RETURN AS TAX EXEMPT 5. THE STATUS OF AN ENTITY, INCLUDING ITS STATUS AS A PASS-THROUGH OR TAX-EXEMPT ENTITY. EVALUATING A TAX POSITION REQUIRES THE MANAGEMENT OF THE MUSEUM TO DETERMINE, FOR EACH TAX POSITION, WHETHER IT IS MORE LIKELY THAN NOT THAT, UPON EXAMINATION BY TAXING AUTHORITIES, SUCH AUTHORITIES WILL UPHOLD THE TAX POSITION AND, FOR EACH MORE-LIKELY-THAN-NOT TAX POSITION, DETERMINE THE HIGHEST BENEFIT WITH A MORE THAN 50% LIKELIHOOD OF REALIZATION UPON ULTIMATE SETTLEMENT. ACCORDINGLY, IT IS POSSIBLE THAT TAX POSITIONS TAKEN ON TAX RETURNS AND RELATED AMOUNTS RECOGNIZED HEREIN COULD VARY. THE MUSEUM FILES TAX RETURNS WITH THE IRS AND CALIFORNIA. THE MUSEUM RECOGNIZES INTEREST AND PENALTIES RELATED TO INCOME TAXES AND TAX POSITIONS WITH INTEREST AND INCOME TAX EXPENSE, RESPECTIVELY. AS OF AND FOR THE YEAR ENDED AUGUST 31, 2012 AND 2011, THE MANAGEMENT OF THE MUSEUM CONCLUDED THAT INTEREST AND PENALTIES RELATED TO INCOME TAXES AND TAX POSITIONS WERE NOT MATERIAL TO THE FINANCIAL POSITION OF THE MUSEUM. AS OF AUGUST 31, 2012, THE MANAGEMENT OF THE MUSEUM CONCLUDED THAT THERE ARE NO TAX POSITIONS OF THE MUSEUM WHERE IT IS REASONABLY POSSIBLE THAT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS WILL SIGNIFICANTLY INCREASE OR DECREASE WITHIN THE YEAR ENDING AUGUST 31, 2013. AS OF AUGUST 31, 2012, OPEN TAX PERIODS SUBJECT TO FUTURE EXAMINATION BY TAXING AUTHORITIES COVER PERIODS FROM JULY 1, 2008 THROUGH AUGUST 31, 2012. PLAYDATE 449265 349160 100105 0 125321 53471 48317 5500 5103 CREATIVITY FORUM 211232 211232 0 0 54405 0 0 2291 1 89721 35154 54567 0 0 7699 11082 2237 10537 750218 595546 154672 125321 115575 59399 7737 17931 325963 -171291 X X X X X X 0 0 0 0 0 0 0 0 0 RICHARD WINEFIELD 167123 0 0 0 0 0 0 0 1755 0 168878 0 0 0 X 13 226117 AVG HI/LO MARKET PRICE X VARIOUS AUCTION ITEMS 64 124055 ESTIMATE GIVEN BY DONOR X OTHER - GOBLIN 1 4025 0 0 1 THIRD PARTY USE: PART I, LINE 32B: THE MUSEUM HIRES PROFESSIONAL AUCTIONEERS TO AUCTION (SELL) NON-CASH ITEMS SOLICITED FOR SALE AT FUNDRAISING EVENTS AND BROKER-DEALERS TO SELL CONTRIBUTIONS OF MARKETABLE EQUITY SECURITIES NEW PROGRAM SERVICES FORM 990, PART III, LINE 2 THE MUSEUM LAUNCHED THE CENTER FOR CHILDHOOD CREATIVITY IN 2011 TO PIONEER NEW RESEARCH, THOUGHT-LEADERSHIP AND TEACHER TRAINING PROGRAMS THAT ADVANCE CREATIVE THINKING IN ALL CHILDREN - EXTENDING OUR IMPACT BEYOND THE MUSEUM. FORM 990, PART VI, SECTION A, LINE 8B THE BOARD OF TRUSTEES OF THE MUSEUM APPROVES ALL ACTIONS OF ITS COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES OF THE MUSEUM RECEIVES AND REVIEWS FORM 990. FORM 990, PART VI, SECTION B, LINE 12C TO ENSURE THE MUSEUM OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS SHALL BE CONDUCTED. THE PERIODIC REVIEWS SHALL, AT A MINIMUM, INCLUDE THE FOLLOWING SUBJECTS: (A) WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULT OF ARM'S-LENGTH BARGAINING; (B) WHETHER PARTNERSHIPS, JOINT VENTURES AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE WRITTEN POLICIES OF THE MUSEUM, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION; AND WHETHER THE GOVERNING DOCUMENTS AND POLICIES AND PROCEDURES OF THE MUSEUM ARE COMPLIANT WITH CURRENT LAWS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION APPROVAL POLICIES. A VOTING MEMBER OF THE BOARD WHO RECEIVES COMPENSATION, DIRECTLY OR INDIRECTLY, FROM THE MUSEUM FOR SERVICES IS PRECLUDED FROM VOTING ON MATTERS PERTAINING TO THAT MEMBER'S COMPENSATION. A VOTING MEMBER OF ANY COMMITTEE WHOSE JURISDICTION INCLUDES COMPENSATION MATTERS AND WHO RECEIVES COMPENSATION, DIRECTLY OR INDIRECTLY, FROM THE MUSEUM FOR SERVICES IS PRECLUDED FROM VOTING ON MATTERS PERTAINING TO THAT MEMBER'S COMPENSATION. NO VOTING MEMBER OF THE BOARD OR ANY COMMITTEE WHOSE JURISDICTION INCLUDES COMPENSATION MATTERS AND WHO RECEIVES COMPENSATION, DIRECTLY OR INDIRECTLY, FROM THE MUSEUM, EITHER INDIVIDUALLY OR COLLECTIVELY, IS PROHIBITED FROM PROVIDING INFORMATION TO ANY COMMITTEE REGARDING COMPENSATION. WHEN APPROVING COMPENSATION FOR TRUSTEES, OFFICERS AND EMPLOYEES, CONTRACTORS AND ANY OTHER COMPENSATION CONTRACT OR ARRANGEMENT, IN ADDITION TO COMPLYING WITH THE CONFLICT OF INTEREST REQUIREMENTS AND POLICIES, THE BOARD OR A DULY CONSTITUTED COMPENSATION COMMITTEE OF THE BOARD SHALL ALSO COMPLY WITH THE FOLLOWING ADDITIONAL REQUIREMENTS AND PROCEDURES: (A) THE TERMS OF COMPENSATION SHALL BE APPROVED BY THE BOARD OR COMPENSATION COMMITTEE PRIOR TO THE FIRST PAYMENT OF COMPENSATION. (B) ALL MEMBERS OF THE BOARD OR COMPENSATION COMMITTEE WHO APPROVE COMPENSATION ARRANGEMENTS MUST NOT HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AS SPECIFIED IN IRS REGULATION SECTION 53.4958-6(C)(III), WHICH GENERALLY REQUIRES THAT EACH BOARD MEMBER OR COMMITTEE MEMBER APPROVING A COMPENSATION ARRANGEMENT BETWEEN THIS ORGANIZATION AND A "DISQUALIFIED PERSON" (AS DEFINED IN SECTION 4958(F)(1) OF THE INTERNAL REVENUE CODE AND AS AMPLIFIED BY SECTION 53.4958-3 OF THE IRS REGULATIONS): (1) IS NOT THE PERSON WHO IS THE SUBJECT OF COMPENSATION ARRANGEMENT, OR A FAMILY MEMBER OF SUCH PERSON; (2) IS NOT IN AN EMPLOYMENT RELATIONSHIP SUBJECT TO THE DIRECTION OR CONTROL OF THE PERSON WHO IS THE SUBJECT OF COMPENSATION ARRANGEMENT; (3) DOES NOT RECEIVE COMPENSATION OR OTHER PAYMENTS SUBJECT TO APPROVAL BY THE PERSON WHO IS THE SUBJECT OF COMPENSATION ARRANGEMENT; (4) HAS NO MATERIAL FINANCIAL INTEREST AFFECTED BY THE COMPENSATION ARRANGEMENT; AND (5) DOES NOT APPROVE A TRANSACTION PROVIDING ECONOMIC BENEFITS TO THE PERSON WHO IS THE SUBJECT OF THE COMPENSATION ARRANGEMENT, WHO IN TURN HAS APPROVED OR WILL APPROVE A TRANSACTION PROVIDING BENEFITS TO THE BOARD OR COMMITTEE MEMBER. (C) THE BOARD OR COMPENSATION COMMITTEE SHALL OBTAIN AND RELY UPON APPROPRIATE DATA AS TO COMPARABILITY PRIOR TO APPROVING THE TERMS OF COMPENSATION. APPROPRIATE DATA MAY INCLUDE THE FOLLOWING: (1) COMPENSATION LEVELS PAID BY SIMILARLY SITUATED ORGANIZATIONS, BOTH TAXABLE AND TAX-EXEMPT, FOR FUNCTIONALLY COMPARABLE POSITIONS. "SIMILARLY SITUATED" ORGANIZATIONS ARE THOSE OF A SIMILAR SIZE AND PURPOSE AND WITH SIMILAR RESOURCES; (2) THE AVAILABILITY OF SIMILAR SERVICES IN THE GEOGRAPHIC AREA OF THIS ORGANIZATION; (3) CURRENT COMPENSATION SURVEYS COMPILED BY INDEPENDENT FIRMS; AND (4) ACTUAL WRITTEN OFFERS FROM SIMILAR INSTITUTIONS COMPETING FOR THE SERVICES OF THE PERSON WHO IS THE SUBJECT OF THE COMPENSATION ARRANGEMENT. AS ALLOWED BY IRS REGULATION 4958-6, IF THIS ORGANIZATION HAS AVERAGE ANNUAL GROSS RECEIPTS (INCLUDING CONTRIBUTIONS) FOR ITS THREE PRIOR TAX YEARS OF LESS THAN $1 MILLION, THE BOARD OR COMPENSATION COMMITTEE WILL HAVE OBTAINED AND RELIED UPON APPROPRIATE DATA AS TO COMPARABILITY IF IT OBTAINS AND RELIES UPON DATA ON COMPENSATION PAID BY THREE COMPARABLE ORGANIZATIONS IN THE SAME OR SIMILAR COMMUNITIES FOR SIMILAR SERVICES. (D) THE TERMS OF COMPENSATION AND THE BASIS FOR APPROVING THEM SHALL BE RECORDED IN WRITTEN MINUTES OF THE MEETING OF THE BOARD OR COMPENSATION COMMITTEE THAT APPROVED THE COMPENSATION. SUCH DOCUMENTATION SHALL INCLUDE: (1) THE TERMS OF THE COMPENSATION ARRANGEMENT AND THE DATE IT WAS APPROVED; (2) THE MEMBERS OF THE BOARD OR COMPENSATION COMMITTEE WHO WERE PRESENT DURING DEBATE ON THE TRANSACTION, THOSE WHO VOTED ON IT, AND THE VOTES CAST BY EACH BOARD OR COMMITTEE MEMBER; (3) THE COMPARABILITY DATA OBTAINED AND RELIED UPON AND HOW THE DATA WAS OBTAINED; (4) IF THE BOARD OR COMPENSATION COMMITTEE DETERMINES THAT REASONABLE COMPENSATION FOR A SPECIFIC POSITION IN THIS ORGANIZATION OR FOR PROVIDING SERVICES UNDER ANY OTHER COMPENSATION ARRANGEMENT WITH THIS ORGANIZATION IS HIGHER OR LOWER THAN THE RANGE OF COMPARABILITY DATA OBTAINED, THE BOARD OR COMMITTEE SHALL RECORD IN THE MINUTES OF THE MEETING THE BASIS FOR ITS DETERMINATION; (5) IF THE BOARD OR COMMITTEE MAKES ADJUSTMENTS TO COMPARABILITY DATA DUE TO GEOGRAPHIC AREA OR OTHER SPECIFIC CONDITIONS, THESE ADJUSTMENTS AND THE REASONS FOR THEM SHALL BE RECORDED IN THE MINUTES OF THE BOARD OR COMMITTEE MEETING; (6) ANY ACTIONS TAKEN WITH RESPECT TO DETERMINING IF A BOARD OR COMMITTEE MEMBER HAD A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT, AND IF SO, ACTIONS TAKEN TO MAKE SURE THE MEMBER WITH THE CONFLICT OF INTEREST DID NOT AFFECT OR PARTICIPATE IN THE APPROVAL OF THE TRANSACTION (FOR EXAMPLE, A NOTATION IN THE RECORDS THAT AFTER A FINDING OF CONFLICT OF INTEREST BY A MEMBER, THE MEMBER WITH THE CONFLICT OF INTEREST WAS ASKED TO, AND DID, LEAVE THE MEETING PRIOR TO A DISCUSSION OF THE COMPENSATION ARRANGEMENT AND A TAKING OF THE VOTES TO APPROVE THE ARRANGEMENT); AND (7) THE MINUTES OF BOARD OR COMMITTEE MEETINGS AT WHICH COMPENSATION ARRANGEMENTS ARE APPROVED MUST BE PREPARED BEFORE THE LATER OF THE DATE OF THE NEXT BOARD OR COMMITTEE MEETING OR 60 DAYS AFTER THE FINAL ACTIONS OF THE BOARD OR COMMITTEE ARE TAKEN WITH RESPECT TO THE APPROVAL OF THE COMPENSATION ARRANGEMENTS. THE MINUTES MUST BE REVIEWED AND APPROVED BY THE BOARD AND COMMITTEE AS REASONABLE, ACCURATE AND COMPLETE WITHIN A REASONABLE PERIOD THEREAFTER, NORMALLY PRIOR TO OR AT THE NEXT BOARD OR COMMITTEE MEETING FOLLOWING FINAL ACTION ON THE ARRANGEMENT BY THE BOARD OR COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE MUSEUM MAKES IT FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AS PART OF ITS ANNUAL REPORT, WHICH IS AVAILABLE FROM THE WEBSITE OF THE MUSEUM OR UPON WRITTEN REQUEST. THE MUSEUM MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.