2026-05-12T15:52:54-05:00 2025-09-30 450250958 EIDE BAILLY LLP 800 NICOLLET MALL STE 1300 MINNEAPOLIS MN 554027033 990 2024-10-01 860107517 THE HEARD MUSEUM HEAR 6022528840 2301 N CENTRAL AVE PHOENIX AZ 85004 DAVID ROCHE DIRECTOR & CEO 6022528840 2026-05-04 1 1 LINDSEY R PHILLIPS CPA P01985962 6122536500 2026-05-04 2024 2025-03-06 01:10:19Z DAVID ROCHE 2301 N CENTRAL AVE PHOENIX AZ 85004 28331621 0 X WWW.HEARD.ORG X 1929 AZ THE HEARD MUSEUM CONNECTS INDIGENOUS CREATIVITY TO THE WORLD BY PRESENTING (CONT'D ON SCH O) THE VOICE AND VISION OF AMERICAN INDIAN ARTISTS. 27 27 130 400 0 0 6387049 18166069 2507181 2721375 334207 779085 1439811 1582553 10668248 23249082 6500 6750 0 0 6440421 7021995 0 0 1568325 6833230 7033578 13280151 14062323 -2611903 9186759 34467652 42613367 4316156 2990417 30151496 39622950 X THE HEARD MUSEUM CONNECTS INDIGENOUS CREATIVITY TO THE WORLD BY PRESENTING THE VOICE AND VISION OF AMERICAN INDIAN ARTISTS. 0 0 9726696 6750 4322373 THE HEARD MUSEUM IS THE LARGEST PRIVATE NONPROFIT IN THE WORLD DEDICATED TO AMERICAN INDIAN ART AND CULTURE. SINCE OPENING IN 1929, THE MUSEUM HAS BECOME INTERNATIONALLY RECOGNIZED FOR ORGANIZING ORIGINAL EXHIBITIONS AND SCHOLARLY PUBLICATIONS THAT SHOWCASE THE DIVERSITY AND BEAUTY OF AMERICAN INDIAN ART AND CULTURE, AND FOR PRODUCING A WIDE ANNUAL ARRAY OF PUBLIC PROGRAMS, FESTIVAL EVENTS, AND EDUCATIONAL INITIATIVES THAT PROVIDE ACCESS AND LEARNING OPPORTUNITIES FOR AUDIENCES OF ALL AGES WITH A PARTICULAR FOCUS ON REACHING YOUTH AND FAMILIES.CONTINUED ON SCHEDULE OTHE HEARD IS ONE OF ARIZONA'S MOST PROLIFIC ARTS ORGANIZATIONS, SHARING STORIES OF AMERICAN INDIAN PEOPLE FROM A FIRST-PERSON PERSPECTIVE THROUGH EXHIBITIONS AND PROGRAMS THAT SHOWCASE TRADITIONAL AND CONTEMPORARY NATIVE ART. THE MUSEUM STEWARDS A COLLECTION OF MORE THAN 46,000 WORKS OF ART AND MAINTAINS A MAJOR LIBRARY AND ARCHIVES CONTAINING MORE THAN 440,000 ADDITIONAL ITEMS. PUBLIC AND EDUCATIONAL PROGRAMS HELP BRING THE COLLECTION AND EXHIBITIONS TO LIGHT, INCLUDING INITIATIVES SUCH AS OUR FREE SCHOOL TOUR PROGRAM HOSTING APPROXIMATELY 7,000 STUDENTS ANNUALLY, AND FIRST FRIDAYS THAT OFFER FREE ACCESS TO APPROXIMATELY 4,000 VISITORS ANNUALLY. THE HEARD ORGANIZES MAJOR PROGRAMS SUCH AS THE ANNUAL INDIAN FAIR & MARKET, ONE OF THE LARGEST NATIVE ART MARKETS IN THE WORLD, AND THE WORLD CHAMPIONSHIP HOOP DANCE CONTEST. OUR NEARLY 140,000 ANNUAL VISITORS ALSO ENJOY NUMEROUS AMENITIES THAT FURTHER ENGAGEMENT AND LEARNING, SUCH AS AN ACCLAIMED MUSEUM SHOP SUPPORTING THE CAREERS OF AMERICAN INDIAN ARTISTS, AND A MUSEUM CAFE AND COFFEE SHOP OFFERING INDIGENOUS INGREDIENTS WITHIN THEIR RESPECTIVE MENUS.THE HEARD MUSEUM SETS THE STANDARD FOR COLLABORATING WITH AMERICAN INDIAN ARTISTS AND TRIBAL COMMUNITIES TO PROVIDE VISITORS WITH A DISTINCTIVE PERSPECTIVE ABOUT THE ART OF NATIVE PEOPLE, ESPECIALLY THOSE FROM THE SOUTHWEST. 9726696 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 258 0 1 130 1 0 0 0 0 0 1 1 0 0 0 0 X 27 27 1 0 1 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X ROBIN KLUNG 6022528840 2301 N CENTRAL AVE PHOENIX AZ 85004 JOHN COGGINS CHAIR 4.00 X X 0 0 0 KAREN ABRAHAM VICE CHAIR 4.00 X X 0 0 0 SCOTT MONTGOMERY TREASURER 4.00 X X 0 0 0 GINGER SYKES TORRES SECRETARY 4.00 X X 0 0 0 ADRIAN COHEN TRUSTEE 1.00 X 0 0 0 CHRISTY VEZOLLES TRUSTEE 1.00 X 0 0 0 CRAIG COHEN MD TRUSTEE 1.00 X 0 0 0 FRANK WALTER III TRUSTEE 1.00 X 0 0 0 GREGORY BOYCE TRUSTEE 1.00 X 0 0 0 JANIS LYON TRUSTEE 1.00 X 0 0 0 JERI BEN-HORIN TRUSTEE 1.00 X 0 0 0 JOE GYSEL TRUSTEE 1.00 X 0 0 0 JOHN FURTH TRUSTEE (THRU 10/24) 1.00 X 0 0 0 JOHN GRAHAM TRUSTEE 1.00 X 0 0 0 JOHN LOMAX TRUSTEE 1.00 X 0 0 0 JOHN LUCAS TRUSTEE 1.00 X 0 0 0 JUDY DWORKIN TRUSTEE 1.00 X 0 0 0 MARIGOLD LINTON TRUSTEE 1.00 X 0 0 0 MATTHEW BOLAND TRUSTEE 1.00 X 0 0 0 NADINE BASHA TRUSTEE 1.00 X 0 0 0 PAIGE ROTHERMEL TRUSTEE 1.00 X 0 0 0 SHELLEY MOWRY TRUSTEE 1.00 X 0 0 0 SHARRON LEWIS TRUSTEE 1.00 X 0 0 0 SUSAN ESCO CHANDLER TRUSTEE 1.00 X 0 0 0 TONY ASTORGA TRUSTEE 1.00 X 0 0 0 TRUDY WIESENBERGER TRUSTEE 1.00 X 0 0 0 VIRGINIA FURTH WEISMAN TRUSTEE 1.00 X 0 0 0 WILLIAM HOWARD TRUSTEE 1.00 X 0 0 0 DAVID ROCHE DIRECTOR AND CEO 40.00 X 415011 0 8227 ROBIN KLUNG CFO 40.00 X 195316 0 30556 JOHN BULLA COO/DEPUTY DIRECTOR 40.00 X 271419 0 11948 DANIEL HAGERTY - CHIEF ENGAGEMENT/ADVANCEMENT OFFICER 40.00 X 215270 0 24632 SEAN OMELAS DIRECTOR OF MARKETING 40.00 X 118897 0 15762 DIANA PARDUE CHIEF CURATOR 40.00 X 110248 0 10474 KELLY GOULD DIRECTOR OF RETAIL OPERATIONS 40.00 X 102075 0 6216 1428236 0 107815 7 0 1 0 A R MAYS CONSTRUCTION INC 6900 E INDIAN SCHOOL ROAD SUITE 2 SCOTTSDALE AZ 85251 CONSTRUCTION SERVICES 3071328 LANE TERRALEVER 645 E MISSOURI AVE STE 400 PHOENIX AZ 85012 ADVERTISING & PROMOTION 552766 PHX ARCHITECTURE 15990 N GREENWAY-HAYDEN LOOP STE C SCOTTSDALE AZ 85260 ARCHITECTURAL DESIGN SERVICES 320818 AFFIRMATIVE TECHNOLOGY GROUP 2209 W 1ST ST STE A109 TEMPE AZ 85281 INFORMATION TECHNOLOGY SERVICES 290458 HACI SERVICE LLC 2108 W SHANGRI LA RD PHOENIX AZ 85029 MECHANICAL CONTRACTING SERVICES 186237 8 1131393 1091159 152151 159117 15632249 1552671 18166069 ADMISSIONS 611710 1180334 1180334 PRIVATE USE FEES 721000 1038307 1038307 FAIR INCOME 900099 499924 499924 EDUCATION FEES 611710 2810 2810 2721375 253405 253405 354 354 3849750 3324070 525680 525680 525680 171020 1091159 198300 -27280 -27280 7482 0 7482 7482 3161167 1560169 1600998 1600998 OTHER REVENUE 900099 999 999 999 23249082 4322373 0 760640 X 6750 6750 1117503 327112 450433 339958 5114929 3701534 923359 490036 364826 297495 43496 23835 424737 305944 61174 57619 22081 22081 61121 61121 117374 117374 1711281 1125272 329450 256559 350091 232911 113250 3930 262568 94117 3117 165334 196524 122611 1761 72152 664123 611427 32935 19761 123432 119290 1038 3104 42599 42599 1673166 1539312 83659 50195 212731 212731 SUPPLIES 310915 280698 15593 14624 EXHIBITIONS 293680 293680 ART AND COLLECTION ACQU 268175 268175 BANK AND CREDIT CARD PR 190315 119969 31224 39122 533402 280399 220907 32096 14062323 9726696 2767302 1568325 323804 266013 1528987 1897863 659300 2890353 37051 10226 1706741 1623129 200170 229310 53491830 36018142 17105968 17473688 12626546 15011402 97737 102772 181348 3108611 34467652 42613367 2644166 873063 668731 699810 444175 794175 559084 623369 4316156 2990417 X 16984778 18166700 13166718 21456250 30151496 39622950 34467652 42613367 9186759 284695 0 X 0 1 X 1 0 X 11316167 7979390 6576696 6387049 18166069 50425371 11316167 7979390 6576696 6387049 18166069 50425371 14911237 35514134 124392 123587 277565 268723 253759 1048026 999 999 51474396 25885825 0.68990 0.67930 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2024 AMOUNT: $ 999. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 1 10279150 7362460 836824 1731472 16746962 7651365 1000000 1940322 312537 10279150 6708218 5000 1233452 295305 7651365 7321211 1000000 -1306488 306505 6708218 9576141 1792818 336604 126 11032229 0.09050 0.90950 0.00000 1 1 1 22512378 15948181 6564197 14489498 6788178 7701320 3562595 2988267 574328 12927359 10293516 2633843 17473688 ROU ASSET 107457 BENEFICIAL INTEREST IN TRUST 3000000 DEPOSITS 1154 3108611 DEPOSITS 157167 OPERATING LEASE LIABILITY 104680 DEFERRED COMPENSATION LIABILITY 361522 623369 X 25347776 284695 76981 266943 628619 24719157 117374 -1587449 -1470075 23249082 15352096 76981 1587449 1664430 13687666 117374 257283 374657 14062323 PART III, LINE 1A: THE COLLECTIONS OF THE MUSEUM INCLUDE SEVERAL CATEGORIES OF NATIVE AMERICAN ART, PRIMARILY KATSINA DOLLS, BASKETS, JEWELRY, TEXTILES, CERAMICS, AND FINE ART, AS WELL AS COLLECTIONS FROM OTHER INDIGENOUS PEOPLES OF LATIN AMERICA, AFRICA AND OCEANIA, AND ARE EXPENSED IN THE PERIOD PURCHASED. IN CONFORMITY WITH THE PRACTICE FOLLOWED BY MANY MUSEUMS, ART OBJECTS CONTRIBUTED TO THE MUSEUM ARE NOT INCLUDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. FURTHERMORE, IN CONFORMITY WITH INDUSTRY PRACTICE, THE MUSEUM HAS NOT RECORDED THE VALUE OF ITS COLLECTIONS ON THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION. THE FAIR VALUE OF CERTAIN COLLECTIONS IS DETERMINED BASED ON THIRD-PARTY EVIDENCE OF COMPARABLE ART SOLD THROUGH AUCTION HOUSES. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. PART III, LINE 4: THE CORPORATION MAINTAINS A MUSEUM IN THE CITY OF PHOENIX DEDICATED TO PRESENTING THE VOICE AND VISION OF AMERICAN INDIAN ARTSTS. THE HEARD MUSEUM ART COLLECTION CONCENTRATES ON THE LIVES OF NATIVE PEOPLES AND CONSISTS OF MORE THAN 46,000 OBJECTS. THE TWO FOCAL AREAS OF THE COLLECTION ARE COMPREHENSIVE CULTURAL COLLECTIONS FROM THE GREATER SOUTHWEST AND CONTEMPORARY NATIVE FINE ART FROM NORTH AMERICA. KEY COLLECTIONS INCLUDE HOPI KATSINA DOLLS; NAVAJO AND ZUNI JEWELRY, NAVAJO TEXTILES, SOUTHWESTERN CERAMICS FROM PREHISTORY TO THE PRESENT, AND BASKETS FROM THE SOUTHWEST, CALIFORNIA, THE GREAT BASIN AND THE NORTHWEST. THE APPROXIMATELY 4,000 FINE ART WORKS IN THE HEARD MUSEUM COLLECTION DOCUMENT THE AMERICAN INDIAN FINE ART MOVEMENT FROM THE 20TH CENTURY TO THE PRESENT, AND INCLUDE WORK BY SOME OF THE FINEST HISTORIC AND CONTEMPORARY AMERICAN INDIAN ARTISTS. PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO PROVIDE FOR THE FUTURE FINANCIAL STRENGTH OF THE ORGANIZATION. PART X, LINE 2: MANAGEMENT BELIEVES THAT EACH ENTITY HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. THE MUSEUM WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: REMOVAL OF HEARD MUSEUM TRUST ACTIVITY 266,943. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -1,560,169. FUNDRAISING EXPENSES NETTED AGAINST REVENUE -27,280. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,560,169. FUNDRAISING EXPENSES NETTED AGAINST REVENUE 27,280. PART XII, LINE 4B - OTHER ADJUSTMENTS: COLLECTION ITEMS PURCHASED BUT NOT CAPITALIZED 257,283. FORM 990, SCHEDULE D, PART V THE FY22 BEGINNING ENDOWMENT BALANCE (COLUMN (D)) DIFFERS FROM THE PRIOR YEAR ENDING BALANCE (COLUMN (E)) DUE TO THE HEARD FAMILY ENDOWMENT TRUST BEING UNCONSOLIDATED FROM THE RETURN. MOONDANCE GALA 1262179 1091159 171020 66651 10480 121169 1262179 1091159 171020 66651 10480 121169 198300 -27280 1 GUILD YOUTH ART SHOW & SALE ART TEACHER GRANTS 8 6750 PART I, LINE 2: APPLICANTS MUST MEET SPECIFIC ELIGIBILITY REQUIREMENTS TO QUALIFY FOR A GRANT, INCLUDING REPORTING ON HOW ANY PRIOR GRANT FUNDS RECEIVED WERE SPENT. HOWEVER, THE MUSEUM DOES NOT MONITOR THE USE OF GRANT FUNDS AFTER A GRANT IS AWARDED. X X 0 0 0 0 0 0 0 1 0 DAVID ROCHE DIRECTOR AND CEO 390011 0 25000 0 0 0 0 0 8971 0 423982 0 0 0 JOHN BULLA COO/DEPUTY DIRECTOR 271419 0 0 0 0 0 0 0 12692 0 284111 0 0 0 DANIEL HAGERTY - CHIEF ENGAGEMENT/ADVANCEMENT OFFICER 215270 0 0 0 0 0 0 0 25376 0 240646 0 0 0 ROBIN KLUNG CFO 195316 0 0 0 0 0 0 0 31348 0 226664 0 0 0 PART I, LINE 7 DURING THE CALENDAR YEAR ENDED DECEMBER 31, 2024, THE ORGANIZATION DETERMINED THAT ONE EMPLOYEE WOULD RECEIVE ADDITIONAL COMPENSATION IN THE FORM OF A PERFORMANCE-BASED BONUS. X 17 0 X 0 X 12 1455834 SELLING PRICE X 23 96837 COMPARABLE SALES 9 0 1 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN B IS THE NUMBER OF CONTRIBUTIONS. PART I, LINE 33: DURING THE YEAR ENDED SEPTEMBER 30, 2025, THE ORGANIZATION RECEIVED $421,195 OF WORKS OF ART, BOOKS, AND PUBLICATIONS DONATED TO ITS COLLECTION. IN CONFORMITY WITH THE PRACTICE FOLLOWED BY MANY MUSEUMS, OBJECTS CONTRIBUTED TO THE ORGANIZATION ARE NOT INCLUDED AS REVENUE OR EXPENSE ON FORM 990, PARTS VIII OR IX. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF THE BOARD OFFICERS, THE IMMEDIATE PAST BOARD CHAIR, IF STILL A TRUSTEE, AND THE COMMITTEE CHAIR OF EACH STANDING COMMITTEE OTHER THAN THE AUDIT COMMITTEE. WHENEVER, IN THE JUDGMENT OF THE BOARD CHAIR, BOARD ACTION IS NECESSARY OR APPROPRIATE AND IT IS NOT PRACTICAL TO CALL A SPECIAL MEETING OF THE BOARD, THE EXECUTIVE COMMITTEE HAS, AND DOES, EXERCISE ALL THE AUTHORITY OF THE BOARD, EXCEPT THAT THE EXECUTIVE COMMITTEE DOES NOT HAVE AUTHORITY TO: (I) APPOINT OR REMOVE THE DIRECTOR; (II) ELECT OR REMOVE TRUSTEES; (III) AMEND THE BYLAWS; (IV) SELL, LEASE OR OTHERWISE DISPOSE OF REAL OR PERSONAL PROPERTY WITH A VALUE IN EXCESS OF $1,000,000; OR (V) INCUR ANY DEBT OR OTHER OBLIGATION OR LIABILITY IN EXCESS OF $1,000,000. IN ADDITION, BEFORE TAKING ANY ACTION WHICH THE EXECUTIVE COMMITTEE KNOWS (A) WOULD BE CONTROVERSIAL IF CONSIDERED BY THE FULL BOARD OR (B) MIGHT ADVERSELY AFFECT THE STANDING OR REPUTATION OF THE MUSEUM, THE EXECUTIVE COMMITTEE DETERMINES WHETHER THERE IS AN EMERGENCY, OR OTHER CIRCUMSTANCE REQUIRING SUCH ACTION TO BE TAKEN BY THE EXECUTIVE COMMITTEE RATHER THAN THE FULL BOARD, AND REPORTS SUCH FINDINGS IN THE MINUTES REGARDING SUCH ACTION. FORM 990, PART VI, SECTION A, LINE 2 JOHN FURTH AND VIRGINIA FURTH WEISMAN HAVE A FAMILIAL RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION AMENDED ITS BYLAWS TO EXPAND THE AUDIT COMMITTEE'S RESPONSIBILITIES TO INCLUDE OVERSIGHT OF THE MUSEUM'S RISK MANAGEMENT POLICIES, ENCOMPASSING BOTH FINANCIAL AND NON FINANCIAL RISKS, AS DEEMED NECESSARY OR APPROPRIATE BY THE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 6 THE HEARD MUSEUM GUILD IS ESTABLISHED AND MAINTAINED WITHIN THE CORPORATE STRUCTURE OF THE MUSEUM FOR THE PURPOSES OF ENCOURAGING PEOPLE TO SUPPORT THE MISSION AND STRATEGIC OBJECTIVES OF THE MUSEUM. THE HEARD MUSEUM GUILD MAY ADOPT ITS OWN OPERATING PROCEDURES AND ELECT ITS OWN OFFICERS AND REPRESENTATIVES. THE PRESIDENT OF THE HEARD MUSEUM GUILD IS A FULL VOTING MEMBER OF THE BOARD OF THE HEARD MUSEUM. THE ORGANIZATION SELLS OTHER MEMBERSHIPS, WITH CERTAIN MEMBERSHIP BENEFITS, BUT THE HEARD MUSEUM GUILD IS THE ONLY MEMBERSHIP TYPE THAT PARTICIPATES IN THE HEARD MUSEUM'S GOVERNANCE, AND THEN, ONLY BY VIRTUE OF HAVING AN ELECTED POSITION ON THE HEARD MUSEUM'S BOARD. FORM 990, PART VI, SECTION A, LINE 7A AS DESCRIBED IN PART VI, LINE 6, THE PRESIDENT OF THE HEARD MUSEUM GUILD IS A FULL VOTING MEMBER OF THE BOARD OF THE HEARD MUSEUM. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND REVIEWED BY THE CFO, COO AND DIRECTOR/CEO, WITH A FINAL REVIEW BY THE AUDIT COMMITTEE. PRIOR TO FILING, ALL MEMBERS OF THE BOARD ARE E-MAILED NOTIFYING THEM THAT THE RETURN IS AVAILABLE FOR REVIEW ON THE BOARD PORTAL. FORM 990, PART VI, SECTION B, LINE 12C IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE AND NATURE OF HIS OR HER FINANCIAL INTEREST TO THE TRUSTEES AND MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST, THE INTERESTED PERSON SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE FINANCIAL INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. IN ANY CASE WHERE THE HEARD ENTERS INTO A TRANSACTION IN WHICH A TRUSTEE IS AN INTERESTED PARTY, THE TRUSTEE SHALL NOT PARTICIPATE IN ANY DECISIONS CONCERNING THE SOURCE OF THE CONFLICT. THIS PROVISION SHALL ALSO APPLY IN ANY CASE WHERE A FAMILY MEMBER OF A TRUSTEE IS EMPLOYED BY OR IS A CONTRACTOR TO THE MUSEUM AND SHALL INCLUDE ANY DISCUSSIONS OR DECISIONS RELATED TO EMPLOYMENT OR OTHER ASSOCIATION, PERFORMANCE EVALUATION OR COMPENSATION OF A FAMILY MEMBER. EACH TRUSTEE AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON (A) HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY,(B) HAS READ AND UNDERSTANDS THE POLICY,(C) HAS AGREED TO COMPLY WITH THE POLICY, AND(D) UNDERSTANDS THAT THE HEARD IS A TAX-EXEMPT ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. THE MINUTES OF THE BOARD AND ALL COMMITTEES WITH BOARD DELEGATED POWERS SHALL CONTAIN A RECORD OF ANY VOTES TAKEN IN CONNECTION THEREWITH. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF TRUSTEES APPROVES THE DIRECTOR/CEO SALARY BASED ON A REVIEW OF PERFORMANCE AND BENCHMARKING DATA AVAILABLE FROM THE ASSOCIATION OF ART MUSEUM DIRECTORS AND THE AMERICAN ALLIANCE OF MUSEUMS. IN JULY 2024, THE DIRECTOR/CEO ENTERED A FIVE-YEAR, THREE MONTH CONTRACT EFFECTIVE OCTOBER 2024 THROUGH DECEMBER 2029 WITH A SALARY INCREASE EFFECTIVE OCTOBER 1, 2024. THE DIRECTOR/CEO ANNUALLY REVIEWS THE SALARY OF KEY EMPLOYEES, INCLUDING A COMPARISON OF THE COMPENSATION OF OTHER LOCAL NOT-FOR-PROFIT ORGANIZATIONS AND OTHER BENCHMARKING DATA. THIS PROCESS WAS LAST UNDERTAKEN IN OCTOBER OF 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ARTICLES OF INCORPORATION, BY-LAWS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST FORM 990, PART IX, LINE 11G INDIAN FAIR AND MARKET: PROGRAM SERVICE EXPENSES 450,708. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 450,708. MEMBERSHIP MAILING/ACQUISITION SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 131,036. TOTAL EXPENSES 131,036. EXHIBIT CONSULTANTS: PROGRAM SERVICE EXPENSES 56,212. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 56,212. PRIVATE EVENTS AND EQUIPMENT RENTALS: PROGRAM SERVICE EXPENSES 123,939. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 123,939. ADMIN CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 179,597. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 179,597. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 90,641. MANAGEMENT AND GENERAL EXPENSES 149,853. FUNDRAISING EXPENSES 125,523. TOTAL EXPENSES 366,017. EDUCATION CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 403,772. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 403,772. HEARD FAMILY ENDOWMENT TRUST 270 PARK NEW YORK NY 10017 946095432 INVESTMENT AZ 4947(A)(1) N/A THE HEARD MUSEUM 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 HEARD FAMILY ENDOWMENT TRUST C 152151 CASH TRANSFERRED