2012-04-09T08:52:40-05:00 2011-09-30 BRUCE A MOORE CPA LLC 552 N MCQUEEN SMITH RD PRATTVILLE AL 36066 990 2010-10-01 636049847 MONTGOMERY MUSEUM OF FINE ARTS ASSOCIATION MONT 3342404333 ONE MUSEUM DRIVE MONTGOMERY AL 36117 ROGER SPAIN 3342404333 2012-04-09 3343586972 2010 2016-02-24 21:20:13Z ROGER SPAIN ONE MUSEUM DRIVE MONTGOMERY AL 36117 1125614 0 X WWW.MMFA.ORG X 1964 AL THE PURPOSE OF THE MONTGOMERY MUSEUM OF FINE ARTS IS TO COLLECT, PRESERVE, EXHIBIT AND INTERPRET ART OF THE HIGHEST QUALITY FOR THE ENRICHMENT, ENLIGHTENMENT AND ENJOYMENT OF ITS PUBLIC. 39 39 0 0 0 0 780371 671079 182766 297750 332301 326679 -718864 -216058 576574 1079450 0 0 0 0 389495 418331 0 0 83076 1253773 4588580 1643268 5006911 -1066694 -3927461 19631071 15315804 793486 642200 18837585 14673604 X THE PURPOSE OF THE MONTGOMERY MUSEUM OF FINE ARTS IS TO COLLECT, PRESERVE, EXHIBIT AND INTERPRET ART OF THE HIGHEST QUALITY FOR THE ENRICHMENT, ENLIGHTENMENT AND ENJOYMENT OF ITS PUBLIC. MMFA VALUE STATEMENTMUSEUMS ARE UNIQUE INSTITUTIONS IN OUR SOCIETY BECAUSE THEY CELEBRATE THE HIGHEST FORMS OF INDIVIDUAL HUMAN ACHIEVEMENT. IN THAT SENSE, THEY EMBODY IN THEIR VERY STATEMENT OF PURPOSE AND REFLECT IN THEIR AFFAIRS AND ACTIONS THE HIGHEST PRINCIPLES AND MOST CHERISHED VALUES A PUBLIC INSTITUTION CAN COMMAND. THE MONTGOMERY MUSEUM OF FINE ARTS BELIEVES THAT THE INCORPORATION OF THESE VALUES: QUALITY, INTEGRITY, CREATIVITY, RESPONSIBILITY, SCHOLARSHIP, PROFESSIONALISM AND DIVERSITY INTO ITS DAY-TO-DAY OPERATIONS AND LONG RANGE AMBITIONS, AFFIRMS AND REINFORCES ITS MISSION, SECURES THE PUBLIC TRUST AND MAINTAINS OUR ACCOUNTABILITY AND CREDIBILITY IN THE PROFESSIONAL ARENA. 0 0 3965922 181740 610367 PERMANENT COLLECTION/ACQUISITIONS: THE MUSEUM'S MISSION TO COLLECT AND INTERPRET ART FOR MONTGOMERY AND CENTRAL ALABAMA IS MADE TANGIBLE BY THE ART WE HOLD IN TRUST FOR OUR COMMUNITY. THE CORE OF THE PERMANENT COLLECTION IS AMERICAN ART, AND IN THE PAST YEAR THE MUSEUM HAS ACQUIRED IMPORTANT EXAMPLES OF ETCHINGS BY AMERICAN ARTISTS (JAMES MCNEILL WHISTLER AND ROBERT MOTHERWELL), A WATERCOLOR BY AMERICAN PAINTER CHARLES BURCHFIELD, AS WELL AS OUTSTANDING EXAMPLES OF SELF-TAUGHT ART BY MONTGOMERIANS MOSE TOLLIVER AND CHARLIE LUCAS. THE PERMANENT COLLECTION HAS BEEN MADE MORE ACCESSIBLE TO OUR AUDIENCES AND SCHOLARS THROUGHOUT THE WORLD BY THE IMPLEMENTATION OF A SEARCHABLE ONLINE COLLECTIONS DATABASE, INAUGURATED IN THE PAST YEAR. 249810 EXHIBITIONS: THE MUSEUM HOSTED ELEVEN TEMPORARY EXHIBITIONS OF ART DURING THE 2010-2011 FISCAL YEAR, IN ADDITION TO REGULAR INSTALLATIONS OF ART FROM THE PERMANENT COLLECTION. THIS SELECTION OF TEMPORARY EXHIBITIONS REFLECTED THE MUSEUM'S GOAL OF PRESENTING WORK IN A VARIETY OF MEDIA, FROM MANY CULTURES AND TIME PERIODS. OBJECTS OF WONDER: FOUR CENTURIES OF STILL-LIFE FROM THE NORTON MUSEUM OF ART, WEST PALM BEACH, FLORIDA, FEATURED EXAMPLES OF STILL-LIFE SUBJECTS IN PAINTING AND SCULPTURE FROM AROUND THE WORLD. LOST IN FORM, FOUND IN LINE: AN EXHIBITION OF WORKS BY ROBERT MOTHERWELL SURVEYED THIS AMERICAN ABSTRACT-EXPRESSIONIST ARTIST'S FINEST PRINTS DRAWN FROM THE COLLECTION OF HIS ESTATE. NICOLA MARSCHALL AND THE WALKER FAMILY AT CEDAR GROVE PLANTATION: A MID-NINETEENTH CENTURY PAINTER IN WEST ALABAMA, WAS A FASCINATING HISTORICAL STUDY BASED UPON RESEARCH BY THE MUSEUM'S STAFF INTO THE LARGER CONTEXT OF ONE NINETEENTH-CENTURY ALABAMA PORTRAIT IN THE MUSEUM'S PERMANENT COLLECTION. IN ADDITION, THE MUSEUM PRESENTED EXHIBITIONS OF SCULPTURE, PHOTOGRAPHY, DECORATIVE ARTS AND OTHER FORMS THAT COMPLEMENT OR CONTRAST WITH THE AMERICAN ART THAT DOMINATES THE PERMANENT COLLECTION. THE MUSEUM PRODUCED DOCUMENTARY PUBLICATIONS FOR BOTH THE MARSCHALL EXHIBITION, AS WELL AS FOR MOVEMENTS IN STILLNESS: THE STILL-LIFE PAINTINGS OF EDGAR SOBERON. A DIGITAL, ONLINE VERSION OF THE MARSCHALL EXHIBITION WAS ALSO ADDED TO THE MUSEUM'S WEBSITE. 36073 EDUCATIONAL PROGRAMS: DURING THE PAST FISCAL YEAR, THE EDUCATION DEPARTMENT OFFERED TOURS, PROGRAMS, CLASSES, WORKSHOPS, LECTURES AND STUDENT EXHIBITIONS; RECEIVED GREAT SUPPORT FROM DOCENT VOLUNTEERS, AND CONTINUED TO MAINTAIN MEANINGFUL RELATIONSHIPS WITH COMMUNITY ORGANIZATIONS. FOR THE ARTWORKS CORRIDOR EXHIBITIONS THIS YEAR, 520 ENTRIES WERE RECEIVED FROM 36 PUBLIC AND PRIVATE SCHOOLS IN THE STATE. A COMMITTEE OF MUSEUM CURATORS, ARTISTS, AND ART TEACHERS SELECTED A TOTAL OF 220 WORKS OF ART BY KINDERGARTEN TO COLLEGE-AGED STUDENTS FOR FOUR ARTWORKS EXHIBITIONS BASED ON THEMES RELATED TO TEMPORARY EXHIBITIONS. 295 STUDENTS AND FAMILY MEMBERS ATTENDED THE OPENING RECEPTIONS FOR THE CORRIDOR EXHIBITIONS. ENROLLMENT IN STUDIO CLASSES FOR CHILDREN (AGES 2-13) AND ADULTS (AGES 14 AND OLDER) INCLUDED A TOTAL OF 1,900 STUDENTS. PARTICIPANTS FOR THIS YEAR'S SUMMER CAMPS INCREASED IN NUMBER AND ADULT DRAWING AND PAINTING CLASSES AND WORKSHOPS WERE FILLED TO CAPACITY. STUDIO CLASSES AND WORKSHOPS WERE ACCOMPANIED BY TOURS OF THE GALLERIES.MORE THAN 5,175 PEOPLE PARTICIPATED IN OUTREACH PROGRAMS. ART IN THE AFTERNOON, CREATED FOR THE WEED AND SEED PROGRAM, INCLUDED 685 STUDENTS. THE COMMUNITY CENTERS WE PARTNERED WITH INCLUDED: GOODE STREET COMMUNITY CENTER AND DAVIS ELEMENTARY. FOR ADULT PROGRAMS, 1,138 PEOPLE ATTENDED GALLERY TALKS, LECTURES AND FILMS AT THE MUSEUM AND THE MUSEUM ENGAGED 995 UNIQUE VISTORS FOR THE GUIDE BY CELL AUDIO TOURS.THE MUSEUM EXPERIENCED HIGH ATTENDANCE FOR KINDERGARTEN AND FIFTH GRADE TOURS. 1,030 STUDENTS FROM BOTH MPS AND OTHER AREA SCHOOLS PARTICIPATED IN THE ANNUAL PUPPET SHOW AND PEEK-A-BOO TOURS, WHILE 3,063 MPS FIFTH GRADERS ENJOYED A GALLARY AND STUDIO ACTIVITY. ART A LA CART AND WEEKENDS AT ONE KEPT BOTH CHILDREN AND ADULTS ALIKE INTERESTED AND ENTERTAINED ON THE WEEKENDS. FOR DOCENT TRAINING, THERE WERE 36 DAYTIME TRAINING SESSIONS AND NINE EVENING TRAINING SESSIONS FOR MUSEUM DOCENTS. DOCENT TRAINING COVERED A RANGE OF TOPICS, INCLUDING GALLERY TEACHING, TOURS, THE PERMANENT COLLECTION, TEMPORARY EXHIBITIONS, AND THE HISTORY OF ART. IN ADDITION, DOCENTS SERVED MORE THAN 5,000 VISITORS. A TOTAL OF 11,242 DOCENTS PROVIDED 4,098 SERVICE HOURS. 4251805 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 X 39 39 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X X MARK JOHNSON EXECUTIVE DIRECTOR 3342404333 ONE MUSEUM DRIVE MONTGOMERY AL 36117 PATRICIA PINCHBACK 1.00 X 0 0 0 POLLY HARDEGREE 1.00 X 0 0 0 ROGER SPAIN 1.00 X 0 0 0 CAMILLE ELEBASH-HILL 1.00 X 0 0 0 MARK JOHNSON 40.00 X X X 126095 0 0 GORDON MARTIN 1.00 X 0 0 0 ALFRED NEWMAN 1.00 X 0 0 0 126095 0 0 1 0 0 0 JENNIE WELLER CATERING LLC 231 N HULL STREET MONTGOMERY AL 36104 CATERING 140889 1 280206 181740 209133 671079 EARNED INCOME 711190 273802 273802 EXHIBITION INCOME 711190 22600 22600 CATALOG SALES 711190 1348 1348 297750 326679 326679 8538 8538 8538 8538 104585 2175 102410 102410 80102 43989 36113 36113 MISCELLANEOUS 711190 3793 3793 LOSS ON INVESTMENTS 711190 -366912 -366912 -363119 1079450 632967 0 -224596 126095 50047 70739 5309 233156 90679 133301 9176 59080 22451 34266 2363 98106 98106 9111 8919 192 6452 681 5771 8827 992 7447 388 595 595 25986 3248 21547 1191 3475 3475 11335 11335 75477 945 74532 ACQUISITIONS 3913717 3913717 0 0 CATERING 139208 4104 132604 2500 FEES FOR SPECIAL SERVIC 89142 10411 74738 3993 CONSULTING FEE 51111 1111 0 50000 RENTAL FEES 32008 820 31188 0 124030 44979 70895 8156 5006911 4251805 672030 83076 4114730 3031494 7891700 7237603 65698 63665 59646 44765 8332 8332 10200 12172 216622 157139 70818 59483 2653446 2627927 4750296 2224158 6205 6205 19631071 15315804 76806 76144 116680 131056 600000 435000 793486 642200 X 55875 131735 1211572 1197004 17570138 13344865 18837585 14673604 19631071 15315804 X -3927461 -236520 X X 1 1 1 X 0 X 648953 469702 700832 780371 671079 3270937 196626 404156 349362 186119 301543 1437806 750000 750000 750000 750000 750000 3750000 1595579 1623858 1800194 1716490 1722622 8458743 0 0 0 8458743 230008 845752 516899 534282 479897 2606838 230008 845752 516899 534282 479897 2606838 1825587 2469610 2317093 2250772 2202519 11065581 0.76440 0.79230 0.23560 0.20770 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 2041894 21527 2020367 2162806 -109261 11651 2041894 1302011 677865 190023 7093 2162806 0 0 63434 21013 42421 153188 136126 17062 59483 TIME DEPOSITS 883658 F BENEFICIAL INTEREST IN IDA BELLE YOUNG ESTATE 1340500 F 2224158 ESTATE EXECUTOR FEE PAYABLE 435000 435000 1079450 5006911 -3927461 -236520 -236520 -4163981 1492526 0 1492526 -413076 -413076 1079450 5048990 46164 46164 5002826 4085 4085 5006911 PART III, LINE 4: DESCRIPTION OF COLLECTIONS THE MONTGOMERY MUSEUM OF FINE ARTS HOLDS SOME 4,000 OBJECTS IN ITS COLLECTION, CONSISTING PRIMARILY OF AMERICAN WORKS OF ART FROM THE EIGHTEENTH CENTURY INTO THE TWENTY-FIRST CENTURY. THE COLLECTION INCLUDES ART FROM THE SOUTHEASTERN UNITED STATES, DECORATIVE ARTS IN THE FORM OF PORCELAIN AND GLASS, AND OLD MASTER PRINTS. THE AMERICAN COLLECTIONS, AS WELL AS THE EUROPEAN OLD MASTER PRINTS, FORM AN OUTSTANDING HISTORICAL CONTEXT FOR THE APPROXIMATELY 250 WORKS FROM THE MUSEUM'S GEOGRAPHIC REGION, WHICH DATE FROM THE LATE-NINETEENTH CENTURY TO THE PRESENT. THE MUSEUM'S AMERICAN COLLECTION IS A COMPREHENSIVE SURVEY OF STYLES, TECHNIQUES, AND SUBJECT MATTER FROM THE 18TH THROUGH THE 20TH CENTURIES ILLUSTRATING MAJOR ART MOVEMENTS FROM COLONIAL TIMES TO THE PRESENT. PORTIONS OF THE COLLECTION ARE ON PERMANENT EXHIBITION IN VARIOUS INSTALLATIONS THAT EXPLORE DIFFERENT THEMES OR HISTORICAL PERSPECTIVES. THE CORE OF THE AMERICAN ART INSTALLATION IS THE BLOUNT COLLECTION, CONTAINING 41 HISTORICALLY SIGNIFICANT PAINTINGS BY 33 AMERICAN ARTISTS INCLUDING COPLEY, MORAN, HOMER, SARGENT, HOPPER, AND O'KEEFFE. THIS CHRONOLOGICAL SURVEY OF AMERICAN PAINTINGS SIGNIFICANTLY ENHANCES THE OVERALL MUSEUM COLLECTIONS, AND THE MUSEUM'S EDUCATIONAL ROLE BY PROVIDING A COMPREHENSIVE VIEW OF IMPORTANT STYLES AND MOVEMENTS IN AMERICAN ART. WHILE THE MUSEUM'S AMERICAN ART COLLECTION IS AMONG THE STRONGEST IN THE SOUTHEASTERN U.S., THE MUSEUM'S PRINT COLLECTION IS ALSO HIGHLY SIGNIFICANT. THE RICH COLLECTION OF OLD MASTER PRINTS INCLUDES MULTIPLE WORKS BY OUTSTANDING EUROPEAN PRINTMAKERS FROM THE FIFTEENTH TO THE NINETEENTH CENTURIES SUCH AS SCHOENGAUER, DURER, REMBRANDT, CANALETTO, GOYA, AND WHISTLER. THE COLLECTION NOW INCLUDES OVER 1,500 OUTSTANDING IMPRESSIONS. THESE WORKS EMBODY VARIOUS PRINTMAKING TECHNIQUES AND DEMONSTRATE THE SCOPE AND QUALITY OF THIS DISTINCTIVE COLLECTION. UTILIZING THE MUSEUM'S WEIL PRINT ENDOWMENT, THE MUSEUM CONSISTENTLY PURCHASES OLD MASTER PRINTS MADE BEFORE 1900 TO ENHANCE THE MUSEUM'S HOLDINGS. THE COLLECTION OF WORKS ON PAPER ALSO INCLUDES POPULAR ENGRAVERS SUCH AS CURRIER AND IVES AND EXTENDS TO WORKS BY MAJOR MODERN PRINTMAKERS INCLUDING ROSENQUIST, WARHOL, AND STELLA. THE MUSEUM'S HOLDINGS OF HISTORICAL AND MODERN PHOTOGRAPHY ARE ALSO INCREASING, PARTICULARLY IN THE AREA OF WORKS BY SOUTHERN PHOTOGRAPHERS. IN 1930, THE MUSEUM WAS FOUNDED WITH THE INTENTION OF EXHIBITING WORKS BY ALABAMA ARTISTS AND TO PROMOTE THE CULTURAL, ARTISTIC, AND EDUCATIONAL LIFE OF THE PEOPLE OF ALABAMA. PAINTINGS WERE DONATED BY THE DIRECTOR OF THE MUSEUM'S ART SCHOOL, KELLY FITZPATRICK, AS WELL AS BY HIS STUDENTS TO FORM THE CORE OF EARLY HOLDINGS. TODAY, WORKS BY ALABAMA ARTISTS AND, IN A LARGER CONTEXT, WORKS BY SOUTHERN REGIONAL ARTISTS, REMAIN A SOURCE OF GREAT PRIDE FOR THE MONTGOMERY AREA AND ARE ACCESSIBLE REMINDERS OF ITS CULTURAL AND ARTISTIC HERITAGE. HISTORICAL AND CONTEMPORARY WORKS BY ARTISTS FROM ALABAMA AND THE SOUTHEAST FORM AN ESSENTIAL AND EXPANDING COMPONENT OF MMFA'S COLLECTION; MORE THAN TWO HUNDRED EXAMPLES OF PAINTING, WORKS ON PAPER AND SCULPTURE ARE NOW IN THE COLLECTION. REPRESENTED ARE NINETEENTH-CENTURY PORTRAITISTS, NICOLA MARSCHALL AND JACQUES AMANS, AND LANDSCAPE PAINTERS, JOSEPH RUSLING MEEKER, WALTER ANDERSON AND WILL HENRY STEVENS. ARTISTS OF THE WPA ERA INCLUDE J. KELLY FITZPATRICK, ARTHUR BAIRNSFARTHER, ANNE GOLDTHWAITE AND CHARLES SHANNON. MANY OF THESE WORKS WERE EXECUTED FOR WPA PROJECTS IN ALABAMA AND DONATED TO THE MUSEUM BY THE PROJECT OR BY THE ARTISTS. IMPORTANT CONTEMPORARY, REGIONAL ARTISTS REPRESENTED ARE ROGER BROWN, WILLIAM CHRISTENBERRY, AND FRANK FLEMING. WORKS BY SELF-TAUGHT ARTISTS ARE ALSO AN EXPANDING PART OF THE MUSEUM'S PERMANENT COLLECTION. QUILTS BY ALABAMA QUILTMAKERS OF THE MID-TO-LATE TWENTIETH CENTURY, AS WELL AS A SELECTION OF WORKS BY ALABAMA ARTISTS SUCH AS JIMMY LEE SUDDUTH, MOSE TOLLIVER AND BILL TRAYLOR, FORM AN IMPORTANT FACET OF THE MUSEUM'S REPRESENTATION OF WORKS BY REGIONAL ARTISTS. THE LOCATION OF THE MUSEUM IN THE BEAUTIFUL WYNTON M. BLOUNT CULTURAL PARK AND THE ARCHITECTURE OF THE BUILDING INSPIRED THE GOAL OF ACQUIRING WORKS OF SCULPTURE. REGIONAL SCULPTORS FRANK FLEMING, WILLIAM CHRISTENBERRY, AND ED HENDRICKS WERE COMMISSIONED AND HAVE PROVIDED SCULPTURE FOR THE MUSEUM AND GROUNDS. TWELVE WORKS BY LOCAL SELF-TAUGHT SCULPTOR CHARLIE LUCAS WERE ACQUIRED AND ARE NOW ON PERMANENT DISPLAY. THE MUSEUM HAS ALSO ASSEMBLED AN OUTSTANDING INSTALLATION OF THIRTY PIECES OF AMERICAN STUDIO ART GLASS, WHICH INCLUDES A LARGE WINDOW INSTALLATION COMMISSIONED FROM SEATTLE ARTIST CAPPY THOMPSON. IN ADDITION TO THE COLLECTION AREAS OUTLINED ABOVE, THE MUSEUM ALSO OWNS STUDY COLLECTIONS OF FIRST PERIOD WORCESTER PORCELAIN AND CHINESE EXPORT PORCELAIN, AS WELL AS AMERICAN HISTORICAL ART GLASS. THE MUSEUM'S COLLECTIONS AND THEIR IMPACT ON THE COMMUNITY ARE OF PRIMARY CONCERN TO MMFA. THE MUSEUM'S MISSION IS TO "COLLECT, PRESERVE, EXHIBIT AND INTERPRET ART OF THE HIGHEST QUALITY FOR THE ENRICHMENT, ENLIGHTENMENT AND ENJOYMENT OF ITS PUBLIC." THE PERMANENT COLLECTION HAS BEEN BUILT WITH THIS MISSION STATEMENT IN MIND. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: EVERY ENDOWMENT IS RESTRICTED TO THE PURCHASE OF ART OR THE FUNDING OF EDUCATIONAL PROGRAMS. PART XI, LINE 8 - OTHER ADJUSTMENTS: ADJUSTMENT TO BEG. RETAINED EARNINGS -236,520. PART XII, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -46,164. LOSS ON INVESTMENT -366,912. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 46,164. PART XIII, LINE 4B - OTHER ADJUSTMENTS: INCREASE OF ALLOWANCE FOR DOUBTFUL ACCOUNTS 4,085. ART AUCTION EVENT 104585 104585 2175 104585 104585 2175 2175 102410 X 18 APPRAISED VALUE 1 1 0 DESCRIPTION OF ARRANGEMENT: PART I, LINE 30B: THE MUSEUM DOES NOT ACCEPT ANY WORKS OF ART EXCEPT FOR ACQUISITION INTO THE PERMANENT COLLECTION. THE MUSEUM WOULD ALWAYS HOLD A WORK OF ART FOR AT LEAST A THREE YEAR PERIOD, BUT ITS INTENTION IS TO HOLD IT INTO PERPETUITY. NON REPORTING OF REVENUE: PART I, LINE 33: THE MUSEUM REPORTS ONLY THE APPRAISED VALUE OF THESE WORK OF ART CONTRIBUTIONS, WHICH THE DONOR REPORTS ON THEIR TAX RETURN. THE TOTAL APPRAISED VALUE OF THE VARIOUS WORKS OF ART RECEIVED DURING 10/1/09 - 9/30/10 WAS $177,727. FORM 990, PART VI, SECTION A, LINE 6 THE MONTGOMERY MUSEUM OF FINE ARTS IS A NONPROFIT ORGANIZATION WITH BOARD MEMBERS WHO HAVE THE RIGHT TO PARTICIPATE IN THE ORGANIZATION'S GOVERNANCE, ELECT MEMBERS OF THE GOVERNING BODY AND APPROVE SIGNIFICANT DECISIONS OF THE GOVERNING BODY. MEMBERS DO NOT RECEIVE DISTRIBUTIONS OF INCOME OR ASSETS FROM THE ORGANIZATION NOR MAY THEY RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS, EXCESS DUES OR A SHARE OF THE ORGANIZATION'S NET ASSETS UPON THE ORGANIZATION'S DISSOLUTION. THE MUSEUM IS A DEPARTMENT OF THE CITY OF MONTGOMERY, GOVERNED BY THE CITY'S RULES AND REGULATIONS, OVERSEEN BY THE CITY'S MAYOR AND CITY COUNCIL. THE CITY OF MONTGOMERY SETS GENERAL POLICY AND PROCEDURES FOR ALL ITS DEPARTMENTS INCLUDING THE MUSEUM. THE MUSEUM IS ADDITIONALLY GOVERNED BY THE THE MONTGOMERY MUSEUM OF FINE ARTS ASSOCIATION A 501(C)(3), OF WHICH THE BOARD IS THE GOVERNING BODY. THE MONTGOMERY MUSEUM OF FINE ARTS ASSOCIATION BOARD IS SELF-PERPETUATING, COMPRISED OF 28 BOARD APPOINTED MEMBERS PLUS 9 CITY APPOINTEES. FORM 990, PART VI, SECTION A, LINE 7A THE MONTGOMERY MUSEUM OF FINE ARTS HAS MEMBERS OF THE BOARD WHO MAY ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B BOARD MEMBERS OF THE MONTGOMERY MUSEUM OF FINE ARTS HAVE THE RIGHT TO APPROVE OR RATIFY DECISIONS OF THE MUSEUM'S BOARD OF TRUSTEES. IN ITS ROLE AS THE PRIVATE GOVERNING BODY OF THE MONTGOMERY MUSEUM OF FINE ARTS, THE BOARD IS RESPONSIBLE FOR ESTABLISHING THE ETHICAL STANDARDS FOR ALL ASPECTS OF THE MUSEUM'S OPERATION, INCLUDING AREAS OF POLICY, OPERATIONS, FINANCE AND PROFESSIONALISM. IN RATIFYING THE APPOINTMENT OF THE MUSEUM'S DIRECTOR AS DEPARTMENT HEAD BY THE CITY OF MONTGOMERY'S MAYOR, THE BOARD DEFINES THE RIGHTS, POWERS AND DUTIES OF THAT POSITION, AND WORKS TO INSPIRE THE DIRECTOR TO ACHIEVE SUCCESS FOR THE INSTITUTION. THE BOARD HOLDS THE ULTIMATE FIDUCIARY RESPONSIBILITY FOR THE MUSEUM AND ASSURES THE MUSEUM HAS SUFFICIENT FUNDING FOR PROGRAMS AND SERVICES. ITS DUTY IS TO OVERSEE AND FOSTER THE FINANCIAL STABILITY OF THE MUSEUM SO THAT IT CONTINUES TO GROW AS A VITAL INSTITUTION. THE BOARD IS ADVISED BY ITS AUDIT, FINANCE AND INVESTMENT COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE FORM 990 WAS E-MAILED TO KEY BOARD MEMBERS BEFORE IT WAS FILED. IT WAS ALSO REVIEWED BY THE MUSEUM'S DIRECTOR, TREASURER AND ACCOUNTANT BEFORE THE TAX RETURN WAS FILED. FORM 990, PART VI, SECTION B, LINE 12C A COPY OF THE MONTGOMERY MUSEUM OF FINE ARTS' CODE OF ETHICS WILL BE PROVIDED TO EACH MEMBER OF THE MUSEUM'S BOARD AND STAFF AT THE BEGINNING OF THEIR RELATIONSHIP WITH THE MUSEUM AND WILL BE SIGNED BY EACH MEMBER. BOARD AND STAFF SHOULD DISCLOSE ANY POTENTIAL CONFLICT OF INTEREST TO THE MUSEUM AT THAT TIME. THE MUSEUM'S CODE OF ETHICS IS IMPLEMENTED BY AND WILL BE UPDATED OR REVISED BY A VOTE OF THE FULL BOARD. THE MUSEUM'S EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES SERVES AS THE ETHICS COMMITTEE OF THE BOARD OF TRUSTEES. THE ETHICS COMMITTEE WILL BE RESPONSIBLE FOR EXAMINING REPORTS OR REQUESTS CONCERNING PERSONAL COLLECTING, GIFTS, ACQUISITIONS, SALES, TRADES OR OTHER MATTERS AS THEY RELATE TO BOARD MEMBERS OR MUSEUM STAFF WHEN SUCH MATTERS MAY PRESENT THE POTENTIAL FOR A CONFLICT OF INTEREST. THE COMMITTEE WILL CONVENE UPON ITS OWN MOTION, IN RESPONSE TO A WRITTEN REQUEST BY THE BOARD OR UPON WRITTEN REQUEST BY ANY PERSON BOUND BY THE CODE OF ETHICS IN ORDER TO EXAMINE ANY MATTER SUBMITTED TO IT. AFTER MAKING THE APPROPRIATE RECOMMENDATIONS, THE COMMITTEE'S DECISIONS WILL BE REVIEWED BY THE BOARD BEFORE FINAL ACTION IS TAKEN. ANY MATERIALS FILED OR SUBMITTED TO THE COMMITTEE WILL BECOME A PART OF THE MUSEUM'S FILES. CONFIDENTIAL TREATMENT OF THE MATERIAL MAY BE GRANTED BY THE COMMITTEE TO COMPLY WITH THE LAW. A REPORT OF THE COMMITTEE'S ACTIVITIES WILL BE GIVEN TO THE BOARD. OCCASIONALLY THE MUSEUM MAY WISH TO PURCHASE GOODS OR PROFESSIONAL SERVICES (SUCH AS LEGAL, ARCHITECTURAL, BANKING, INVESTMENT OR MANUFACTURED GOODS AND INSURANCE SERVICES) FROM MEMBERS OF THE BOARD. THE TRUSTEES OFFERING THE SERVICES SHALL, FOR HIS OWN GOOD, NOT PARTICIPATE IN THE FINAL VOTE TO USE THE GOODS OR SERVICE. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES WILL REVIEW IN ADVANCE ANY SUCH ARRANGEMENT AND WILL PROVIDE A DECISION ON THE MATTER. IF THE ARRANGEMENT IN QUESTION INVOLVES A SUBSTANTIAL MONETARY VALUE, PRIOR APPROVAL FROM THE BOARD WILL ALSO BE REQUIRED. FORM 990, PART VI, SECTION B, LINE 15 15A: THE PERSONNEL COMMITTEE REVIEWED DATA OF COMPENSATION OF OTHER ART MUSEUM DIRECTORS: IN THE GEOGRAPHIC REGION, BY METROPOLITAN AREA POPULATION, AND BY OPERATING BUDGET SIZE. COMPENSATION DOCUMENTATION AND MINUTES OF MEETINGS ARE KEPT ON RECORD IN THE MUSEUM'S BOARD FILES AND PERSONNEL FILES. 15B: ALL MUSEUM EMPLOYEES ARE REVIEWED BY THEIR SUPERVISORS ON AN ANNUAL BASIS. ALL SALARY INCREASES ARE RECOMMENDED TO THE DIRECTOR WHO PRESENTS THE RECOMMENDED COMPENSATION TO THE PERSONNEL COMMITTEE WHICH THEN PASSES ITS RECOMMENDATION ON TO THE FINANCE COMMITTEE WHOSE RECOMMENDATION IS SENT TO THE FULL BOARD. SALARY ADJUSTMENTS ARE BASED ON DATA OF SIMILAR POSITIONS AT SIMILAR SIZED MUSEUMS AND BUDGETS PRIMARILY IN THE SOUTHEAST. FORM 990, PART VI, SECTION C, LINE 19 THE MONTGOMERY MUSEUM OF FINE ARTS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AUDIT, ANNUAL REPORT, AND OTHER POLICIES ARE AVAILABLE UPON REQUEST AND ARE APPENDED TO THE MUSEUM'S WEBSITE, WWW.MMFA.ORG. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: ADJUSTMENT TO BEG. RETAINED EARNINGS -236,520. TOTAL TO FORM 990, PART XI, LINE 5: -236,520. NO CHANGES WERE MADE TO THE AUDIT COMMITTEE PROCESS FROM THE PRIOR YEAR.