2024-11-04T16:36:59-06:00 2023-12-31 910189318 MOSS ADAMS LLP 6565 AMERICAS PARKWAY NE STE 600 ALBUQUERQUE NM 87110 990 2023-01-01 850437114 GEORGIA O'KEEFFE MUSEUM GEOR 5059461000 217 JOHNSON STREET SANTA FE NM 87501 CODY HARTLEY MUSEUM DIRECTOR 5059461000 2024-10-28 1 0 STEVEN TALBOT P01695427 5058787200 2024-10-28 2023 2024-10-15 13:58:12Z CODY HARTLEY 217 JOHNSON STREET SANTA FE NM 87501 34741364 0 X WWW.OKEEFFEMUSEUM.ORG X 1995 NM THE GEORGIA O'KEEFFE MUSEUM CELEBRATES THE ART, LIFE AND INDEPENDENT SPIRIT OF GEORGIA O'KEEFFE. 31 31 156 49 84211 0 3127415 10463922 2821707 3589962 3113848 2070625 1044300 1251737 10107270 17376246 0 4000000 0 0 5635655 6603235 0 0 879871 3484332 3556048 9119987 14159283 987283 3216963 127693958 133452021 960329 1769533 126733629 131682488 X THE GEORGIA O'KEEFFE MUSEUM CELEBRATES THE ART, LIFE AND INDEPENDENT SPIRIT OF GEORGIA O'KEEFFE. 0 0 11720131 4000000 4350859 TO INSPIRE ALL CURRENT AND FUTURE GENERATIONS, THE MUSEUM PRESERVES, PRESENTS AND ADVANCES THE ARTISTIC LEGACY OF GEORGIA O'KEEFFE AND MODERNISM THROUGH INNOVATIVE PUBLIC ENGAGEMENT, EDUCATION AND RESEARCH. THE MUSEUM ACCOMPLISHES THIS BY PRESENTING EXHIBITIONS NATIONALLY AND INTERNATIONALLY; CARING FOR THE PERMANENT COLLECTION; PROVIDING EXCELLENT PUBLIC PROGRAMS, CUTTING-EDGE CONSERVATION TECHNIQUES, ACCESS TO THE LIBRARY AND ARCHIVES, AND RESEARCH BY OUTSIDE SCHOLARS ABOUT MODERNISM; AND SERVING AS STEWARDS FOR TWO OF O'KEEFFE'S HISTORIC HOMES AND STUDIOS.THE MUSEUM HOUSES THE WORLD'S LARGEST COLLECTION OF ARTWORK BY GEORGIA O'KEEFFE AND PROVIDES AN OVERVIEW OF HER ACHIEVEMENTS DURING THE EIGHT DECADES (1901-1984) THAT SHE WAS ACTIVE AS AN ARTIST. THE COLLECTION INCLUDES WORKS IN CHARCOAL, OIL, PASTEL, PENCIL, WATERCOLOR,AND BRONZE, WHICH REPRESENT MOST OF THE MANY SUBJECTS O'KEEFFE ADDRESSED IN HER ART. THE MUSEUM IS COMMITTED TO MAKING ITS EXHIBITIONS AND PROGRAMS AVAILABLE TO THE BROADEST POSSIBLE AUDIENCE. ITS ACTIVE, CHANGING EXHIBITION SCHEDULE INCLUDES EXHIBITIONS DISPLAYING WORKS BY O'KEEFFE, OTHER AMERICAN MODERNISTS, AND SELECT LIVING AMERICAN ARTISTS. THE MUSEUM HAS ORGANIZED TRAVELING EXHIBITIONS WITH OTHER MUSEUMS AS WELL.THE MUSEUM'S MULTI-DISCIPLINARY EDUCATION AND PUBLIC PROGRAMS TEACH DIVERSE CONSTITUENCIES ABOUT GEORGIA O'KEEFFE AND AMERICAN MODERNISM THROUGH ON-SITE PROGRAMS SUCH AS DOCENT TRAINING, PROFESSIONAL DEVELOPMENT FOR EDUCATORS, ADULT EDUCATION, LECTURES, CONCERTS, WEEKEND FAMILY PROGRAMS AND HANDS-ON ACTIVITIES RELATED TO CURRENT EXHIBITIONS. OFFSITE PROGRAMS INCLUDE A FULL-SCHOLARSHIP PROGRAM FOR PRE-ADOLESCENT GIRLS AND BOYS, ARTS PROGRAMMING TO REPLACE UNDERFUNDED OR ELIMINATED DISTRICT-FUNDED PROGRAMS IN LOCAL PUBLIC SCHOOLS, AFTER-SCHOOL PROGRAMMING AT COMMUNITY AND LOCAL SCHOOL SITES, ART-MAKING WORKSHOPS FOR ADULTS, STATEWIDE EDUCATION OUTREACH, AND WORKSHOPS FOR TEACHERS.THE MUSEUM'S RESEARCH CENTER FOCUSES ON INTERDISCIPLINARY RESEARCH ON AMERICAN MODERNISM IN THE FIELDS OF ART HISTORY, ARCHITECTURAL HISTORY AND DESIGN, LITERATURE, MUSIC AND PHOTOGRAPHY.THE MUSEUM'S AUDIENCES INCLUDE NEW MEXICO RESIDENTS AND VISITORS FROM ACROSS THE COUNTRY AND AROUND THE WORLD. 11720131 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 67 0 1 156 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 31 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA FL GA IL MD MN NM NY TN VA WI X X X JUDY SCHARMER 5059461034 217 JOHNSON STREET SANTA FE NM 87501 DAVID WARNOCK TRUSTEE/BOARD CHAIR 2.30 1.00 X X 0 0 0 JANE BAGWELL TRUSTEE/CO-CHAIR 2.30 1.00 X X 0 0 0 DONNA KINZER TRUSTEE/TREASURER 2.30 X X 0 0 0 VAL ALONZO TRUSTEE/SECRETARY 2.30 X X 0 0 0 RIC ABEL TRUSTEE 2.30 X 0 0 0 GABRIELLE BACON TRUSTEE 2.30 X 0 0 0 RONALD D BALSER TRUSTEE 2.30 1.00 X 0 0 0 DIANE BUCHANAN TRUSTEE 2.30 X 0 0 0 CIRA CROWELL TRUSTEE 2.30 X 0 0 0 KRISTINA FORT TRUSTEE 2.30 X 0 0 0 FELICITAS FUNKE TRUSTEE 2.30 X 0 0 0 WINDI GRIMES TRUSTEE 2.30 X 0 0 0 SUSAN HIRSCH TRUSTEE 2.30 X 0 0 0 ROBERT HOLLEYMAN TRUSTEE 2.30 X 0 0 0 PAUL HORVATH TRUSTEE 2.30 X 0 0 0 DONALD D HUMPHREYS TRUSTEE 2.30 X 0 0 0 KEVIN KIRBY TRUSTEE 2.30 X 0 0 0 RAYMOND R KRUEGER TRUSTEE 2.30 X 0 0 0 NICOLE NAMINGHA TRUSTEE 2.30 X 0 0 0 KAREN NEARBURG TRUSTEE 2.30 X 0 0 0 JAY S RALPH TRUSTEE 2.30 1.00 X 0 0 0 GLENN RAMSDELL TRUSTEE 2.30 X 0 0 0 CARLOS ROVELO TRUSTEE 2.30 X 0 0 0 RAMONA SAKIESTEWA TRUSTEE 2.30 X 0 0 0 CHRISTINE SCHUEPBACH TRUSTEE 2.30 X 0 0 0 ROBERT SCHUPBACH TRUSTEE 2.30 X 0 0 0 BARTON SHOWALTER TRUSTEE 2.30 1.00 X 0 0 0 ANITA SMITH TRUSTEE 2.30 X 0 0 0 JOCK SOTO TRUSTEE 2.30 X 0 0 0 MARGO THOMA TRUSTEE 2.30 X 0 0 0 WENDAL WIRTH TRUSTEE 2.30 X 0 0 0 CODY HARTLEY MUSEUM DIRECTOR 40.00 5.00 X 364359 0 23251 JUDY SCHARMER CHIEF FINANCIAL OFFICER 40.00 5.00 X 186294 0 8822 JENNIFER FOLEY DEPUTY DIR FOR COLLECTIONS & ENGAGEMENT 40.00 X 162684 0 26890 COLLEEN KELLY DELAY SR DIR ADVANCEMENT & COMMUNICATIONS 40.00 X 201270 0 9543 BENJAMIN FINBERG SENIOR DIRECTOR OF OPERATIONS 40.00 X 165647 0 17219 SYLVIA LAROCQUE DIRECTOR OF HUMAN RESOURCES 40.00 X 128032 0 15744 ELIZABETH NEELY CURATOR OF DIGITAL EXPERIENCE 40.00 X 124351 0 16153 AGAPITA JUDY LOPEZ PROJECTS DIR., ABIQUIU HISTORIC PROPERTIES 40.00 X 101115 0 15292 1433752 0 132914 8 0 1 0 DNCA LLC 924 SHOOFLY STREET SUITE A SANTA FE NM 87505 SCHEMATIC DESIGN CONSULTANT - ARCHITECT 1320293 GLUCKMAN TANG 250 HUDSON STREET NEW YORK NY 10013 SCHEMATIC DESIGN CONSULTANT - ARCHITECT 476961 BRADBURY STAMM CONSTRUCTION 7110 2ND STREET NW ALBUQUERQUE NM 87107 CONSTRUCTION 300016 ARCM COMMUNICATIONS LLC 3005 S ST FRANCES STE 1-D 538 SANTA FE NM 87505 SECURITY EQUIPMENT PROVIDER 250979 DAIKIN APPLIED 24827 NETWORK PLACE CHICAGO IL 60673 HVAC CONTRACTOR 199900 9 312907 10151015 4052516 10463922 ADMISSIONS 900099 2643527 2643527 TOURS 900099 734380 734380 RIGHTS AND REPRODUCTIONS 900099 144203 144203 PROGRAM FEES 900099 67007 67007 CURATORIAL REIMBURSEMENTS 900099 845 845 3589962 2611270 -385291 2996561 9458 9458 15830607 11000 16341626 40626 -511019 -29626 -540645 -540645 2213265 982866 1230399 760897 469502 11880 11880 11880 17376246 4350859 84211 2477254 4000000 4000000 772300 115714 492209 164377 4674835 3759871 487973 426991 89699 68529 7607 13563 670856 601451 33321 36084 395545 301558 58512 35475 46426 46426 58750 58750 117374 117374 550624 521320 29304 90923 63646 27277 713955 593961 56450 63544 260495 218640 25828 16027 695318 607768 65688 21862 143611 82156 17748 43707 158680 156332 2348 254337 226740 21288 6309 SUPPLIES 313289 273457 24226 15606 MAINTENANCE AND REPAIRS 103718 82616 16256 4846 48548 46372 2176 14159283 11720131 1559281 879871 6453 67834 8792505 6479010 1195863 898589 86149 88667 318541 356670 273778 299730 10861967 6310203 4796381 4551764 62893603 67718341 46514677 47647122 0 548527 2816008 4795767 127693958 133452021 960329 807798 0 961735 960329 1769533 X 81525744 85902494 45207885 45779994 126733629 131682488 127693958 133452021 X 3216963 7354719 -5622823 X 0 1 X 1 0 X 2219928 4081608 2901288 2594082 6463922 18260828 2219928 4081608 2901288 2594082 6463922 18260828 6311319 11949509 2800738 2460805 1959071 2624746 2620728 12466088 24705 217789 242494 40429 12142 11880 64451 31033861 16344184 0.38500 0.47060 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2021 AMOUNT: $ 40,429. 2022 AMOUNT: $ 12,142. 2023 AMOUNT: $ 11,880. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 92971180 3442952 4278070 8783511 91908691 99959356 3128979 -6808787 3308368 92971180 127040385 4011869 10620283 41713181 99959356 114429639 5337586 9546378 2273218 127040385 99660027 2557302 13380685 1168375 114429639 0.38900 0.61100 0 0 1104800 1104800 8708841 5631299 3077542 1048326 678904 369422 4551764 REAL ESTATE FUNDS 19320402 F PRIVATE EQUITY INVESTMENTS 25475042 F HEDGE FUNDS 2851678 F 47647122 LEASE LIABILITY 961735 961735 X PART III, LINE 1A: THE MUSEUM'S COLLECTIONS ARE MADE UP OF ARTWORK AND RESEARCH COLLECTIONS THAT ARE HELD FOR PUBLIC EXHIBITION, EDUCATIONAL, AND RESEARCH IN FURTHERANCE OF PUBLIC SERVICE RATHER THAN FINANCIAL GAIN. THE VALUE OF THE ART OBJECTS IN THE PERMANENT COLLECTION IS EXCLUDED FROM THE ACCOMPANYING CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. ALL WORKS OF ART AND COLLECTIONS ARE PROTECTED, KEPT UNENCUMBERED, CARED FOR, AND PRESERVED, AND ARE SUBJECT TO STRICT ORGANIZATIONAL POLICIES GOVERNING THEIR USE. ALL COLLECTION OBJECTS WERE INSURED WITH BLANKET INSURANCE COVERAGE. THE COLLECTION IS SUBJECT TO A MUSEUM POLICY ESTABLISHED BY THE MUSEUM'S BOARD OF TRUSTEES (BOARD). THE POLICY CURRENTLY REQUIRES ANY PROCEEDS FOR THE SALE OF DEACCESSIONED ITEMS FROM THE COLLECTION BE DESIGNATED TO ACQUIRE OTHER ITEMS FOR THE COLLECTION OR FOR THE DIRECT CARE OF WORKS IN THE COLLECTIONS. DIRECT CARE INCLUDES COSTS ASSOCIATED WITH THE CONSERVATION, PRESERVATION, REGISTRATION, MAINTENANCE, STORAGE, AND SAFEGUARDING OF COLLECTIONS, INCLUDING ANALYSIS, TREATMENT, INVENTORY, RESEARCH, FRAMING, DOCUMENTATION, THE RELATED INFORMATION TECHNOLOGY TO ASSURE FULL DOCUMENTATION, AND THE PROVISION OF SAFE AND SECURE, CLIMATE-CONTROLLED STORAGE AND MUSEUM SPACES. THE AMOUNT OF DIRECT CARE FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022 WAS $1,360,448 AND $1,136,274, RESPECTIVELY. AN ADDITION OF A WORK OF ART TO THE PERMANENT COLLECTION IS MADE EITHER BY DONATION FROM A BENEFACTOR OR THROUGH A PURCHASE FUNDED BY THE MUSEUM'S ART ACQUISITION FUND. THE ART ACQUISITION FUND IS A BOARD-DESIGNATED FUND FOR ACQUISITIONS, WHERE BOTH THE PRINCIPAL AND EARNED INCOME MAY BE USED FOR ART ACQUISITIONS. PROCEEDS FROM DEACCESSIONS OF COLLECTION ITEMS ARE REFLECTED AS INCREASES TO THE BOARD-DESIGNATED ART ACQUISITIONS FUND. DURING 2023 AND 2022, THE MUSEUM DEACCESSIONED ARTWORK, WHICH WAS SUBSEQUENTLY SOLD FOR $0 AND $0, RESPECTIVELY. DURING 2023 AND 2022, THE MUSEUM PURCHASED ARTWORK FOR $5,872,738 AND $313,800, RESPECTIVELY. PART III, LINE 4: THE GEORGIA O'KEEFFE MUSEUM IS DEDICATED TO PERPETUATING THE ARTISTIC LEGACY OF GEORGIA O'KEEFFE AND TO THE STUDY AND INTERPRETATION OF AMERICAN MODERNISM THROUGH THE INSTITUTION'S COLLECTIONS, EXHIBITIONS, RESEARCH CENTER, PUBLICATIONS, AND EDUCATIONAL PROGRAMS. IT CONTRIBUTES TO SCHOLARLY DISCOURSE AND SERVES DIVERSE AUDIENCES. THE MUSEUM HOUSES THE WORLD'S LARGEST COLLECTION OF ARTWORK BY GEORGIA O'KEEFFE AND PROVIDES AN OVERVIEW OF HER ACHIEVEMENTS DURING THE EIGHT DECADES (1901-1984) THAT SHE WAS ACTIVE AS AN ARTIST. THE COLLECTION INCLUDES WORKS IN CHARCOAL, OIL, PASTEL, PENCIL, WATERCOLOR, AND BRONZE, WHICH REPRESENT MOST OF THE MANY SUBJECTS O'KEEFFE ADDRESSED IN HER ART. THE MUSEUM IS COMMITTED TO MAKING ITS EXHIBITIONS AND PROGRAMS AVAILABLE TO THE BROADEST POSSIBLE AUDIENCE. ITS ACTIVE, CHANGING EXHIBITION SCHEDULE INCLUDES EXHIBITIONS DISPLAYING WORKS BY O'KEEFFE, OTHER AMERICAN MODERNISTS, AND SELECT LIVING AMERICAN ARTISTS. PART V, LINE 4: THE MUSEUM ENDOWMENTS AND OTHER DONOR-RESTRICTED FUNDS MUST BE SPENT ACCORDING TO THE DONOR-DESIGNATED PURPOSE. IN ADDITION, ENDOWMENT FUNDS REQUIRE THE PRESERVATION OF THE HISTORIC DOLLAR VALUE. THE BOARD OF THE MUSEUM HAS INTERPRETED THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (UPMIFA) AS REQUIRING THE MAINTENANCE OF THE LONG-TERM PURCHASING POWER OF THE DONOR-RESTRICTED ENDOWMENT FUNDS ABSENT EXPLICIT DONOR STIPULATIONS TO THE CONTRARY. DONOR-RESTRICTED FUNDS INCLUDE THE FOLLOWING: THE GENERAL OPERATIONS ENDOWMENT'S PURPOSE IS TO SUPPORT THE GENERAL OPERATIONS OF THE MUSEUM. THE HISTORIC PROPERTIES ENDOWMENT FUND IS A DONOR-RESTRICTED ENDOWMENT TO BE USED FOR THE OPERATION, PRESERVATION AND MAINTENANCE OF THE ABIQUIU AND GHOST RANCH PROPERTIES. THE RESEARCH CENTER ENDOWMENT IS TO SUPPORT THE STUDY CENTER (NOW REFERRED TO AS THE RESEARCH CENTER) AND FOR FUNDING THE DIRECTOR OF THE RESEARCH CENTER POSITION. THE CARNEY EXHIBITION ENDOWMENT IS TO SUPPORT EXPENDITURES RELATED TO EXHIBITIONS INSTALLED AT OR CURATED BY THE MUSEUM. THE THOMA EXHIBITION ENDOWMENT IS TO BE USED TO SUPPORT EXHIBITION RESEARCH, PLANNING, IMPLEMENTATION AND INSTALLATION. THE CAPITAL CAMPAIGN FUND IS TO BE USED FOR THE CONSTRUCTION OF A NEW MUSEUM CAMPUS. PART X, LINE 2: THE MUSEUM IS A NOT-FOR-PROFIT ORGANIZATION AND QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FASB ISSUED AUTHORITATIVE GUIDANCE RELATING TO THE ACCOUNTING FOR THE UNCERTAINTY IN INCOME TAXES. THE GUIDANCE CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN CONSOLIDATED FINANCIAL STATEMENTS IN ACCORDANCE WITH GAAP. THE GUIDANCE ALSO REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE MUSEUM'S INFORMATION RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE-LIKELY-THAN-NOT" OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX BENEFIT OR EXPENSE IN THE CURRENT YEAR. IN ADDITION, GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION WAS ALSO PROVIDED. AS OF DECEMBER 31, 2023 AND 2022, THE MUSEUM PERFORMED A COMPREHENSIVE REVIEW OF ITS MATERIAL TAX POSITIONS IN ACCORDANCE WITH RECOGNITION AND MEASUREMENT STANDARDS ESTABLISHED BY GAAP. AS A RESULT OF THIS REVIEW, THE MUSEUM HAD NO UNREPORTED INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES AND DID NOT IDENTIFY ANY ENTITY LEVEL TAX POSITIONS THAT WOULD NOT MEET THE MORE LIKELY THAN-NOT THRESHOLD. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 21757523 0 0 0 0 0 0 21757523 0 21757523 1 0 0 0 1 0 PART I, LINE 3: ACCRUAL 1 THE O'KEEFFE MUSEUM FOUNDATION 217 JOHNSON STREET SANTA FE NM 87501 811012846 501(C)(3) 4000000 0 FUNDS DESIGNATED FOR NEW BUILDING CAMPAIGN 1 0 PART I, LINE 2: THE GRANT WAS A TRANSFER OF FUNDS FROM THE GEORGIA O'KEEFFE MUSEUM TO THE O'KEEFFE MUSEUM FOUNDATION, THE MUSEUM'S SUPPORTING ORGANIZATION, TO PROVIDE FUNDS FOR THE NEW BUILDING CAMPAIGN. X X X 0 0 0 0 0 0 0 1 0 CODY HARTLEY MUSEUM DIRECTOR 331059 0 33300 0 0 0 13200 0 10051 0 387610 0 0 0 COLLEEN KELLY DELAY SR DIR ADVANCEMENT & COMMUNICATIONS 201270 0 0 0 0 0 8173 0 1370 0 210813 0 0 0 JUDY SCHARMER CHIEF FINANCIAL OFFICER 186294 0 0 0 0 0 7452 0 1370 0 195116 0 0 0 JENNIFER FOLEY DEPUTY DIR FOR COLLECTIONS & ENGAGEMENT 162684 0 0 0 0 0 6798 0 20092 0 189574 0 0 0 BENJAMIN FINBERG SENIOR DIRECTOR OF OPERATIONS 165647 0 0 0 0 0 6829 0 10390 0 182866 0 0 0 PART I, LINE 7 BONUS PAYMENTS WERE AWARDED AND APPROVED BY THE BOARD FOR THE DIRECTOR OF THE MUSEUM. X 2 0 X 8 62980 FMV X 4 3989536 FMV X 6 0 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS. PART I, LINE 33: THE WORKS OF ART RECEIVED WERE ADDED TO THE MUSEUM'S COLLECTION. THE MUSEUM DOES NOT INCLUDE THE VALUE OF THE COLLECTION ON ITS BALANCE SHEET OR THESE TYPES OF GIFTS IN REVENUE WHEN RECEIVED, AS MORE FULLY EXPLAINED IN SCHEDULE D. FORM 990, PART VI, SECTION B, LINE 11B THE MUSEUM DIRECTOR AND THE CFO REVIEW THE FORM 990 FIRST. THEN IT IS REVIEWED BY THE FINANCE AND AUDIT COMMITTEE PRIOR TO FILING WITH THE IRS. THE PUBLIC DISCLOSURE COPY OF THE FORM 990 WAS DISCUSSED AT A BOARD OF TRUSTEES MEETING WITH THE BOARD BEING ADVISED AS TO HOW THEY COULD REVIEW THE DOCUMENT IN DETAIL AT THEIR WILL PRIOR TO THE FILING DATE. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY IN THE FIRST QUARTER OF THE YEAR, THE MUSEUM DISTRIBUTES ITS CODE OF ETHICS AND PROFESSIONAL CONDUCT POLICY TO ITS EMPLOYEES ALONG WITH A FORM THEY SIGN THAT STATES THAT THEY HAVE RECEIVED IT, HAVE READ IT AND ARE IN COMPLIANCE WITH IT. IN ADDITION, THERE ARE MEETINGS HELD WITH THE EMPLOYEES TO EXPLAIN THESE DOCUMENTS AND ANSWER ANY QUESTIONS THEY MIGHT HAVE. WITHIN THE CODE OF ETHICS POLICY IS A CONFLICT OF INTEREST POLICY STATEMENT AND A FRAUD AND DISHONESTY POLICY STATEMENT AS WELL AS OTHER POLICY STATEMENTS. THE MUSEUM ALSO HAS A SEPARATE CODE OF ETHICS AND PROFESSIONAL CONDUCT POLICY FOR BOARD MEMBERS THAT IS SIGNED BY ALL MEMBERS EACH YEAR AND THAT INCLUDES A CONFLICT OF INTEREST POLICY STATEMENT. THERE WERE NO INSTANCES OF CONFLICT DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE REVIEWS MARKET COMPARABLES IN DETERMINING THE DIRECTOR'S SALARY. THE COMMITTEE THEN MAKES A RECOMMENDATION TO THE BOARD OF TRUSTEES, WHICH HAS FINAL APPROVAL AUTHORITY FOR THE DIRECTOR'S COMPENSATION. THE DIRECTOR REVIEWS MARKET COMPARABLES WHEN DETERMINING ALL OTHER EMPLOYEE SALARIES. ANY SPECIAL BONUS PLANS OR COMPENSATION PLANS MUST BE APPROVED BY THE EXECUTIVE COMMITTEE. ALL DECISIONS ARE DOCUMENTED AND ARE KEPT BY HR AND FINANCE DEPARTMENTS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE AUDITED FINANCIAL STATEMENTS ARE POSTED ON OUR WEBSITE. FORM 990, PART XI, LINE 9: COLLECTION ITEMS PURCHASED BUT NOT CAPITALIZED -5,872,738. CHANGE IN ALLOWANCE FOR IMPAIRED PLEDGES 15,155. EMPLOYEE RETENTION CREDIT REFUND (FOR PRIOR PERIOD) 234,760. THE O'KEEFFE MUSEUM FOUNDATION 217 JOHNSON STREET SANTA FE NM 87501 811012846 SUPPORTING ORGANIZATION TO THE GEORGIA O'KEEFFE MUSEUM NM 501(C)(3) LINE 12A, I GEORGIA O'KEEFFE MUSEUM 1 GOKM INNOVATIONS INC 217 JOHNSON STREET SANTA FE NM 87501 475622335 CONSERVATION PRODUCT DEVELOPMENT DE THE O'KEEFFE MUSEUM FOUNDATION C 0 0 1 0 1 0 0 0 0 0 0 1 1 1 1 1 0 1 0 0 THE O'KEEFFE MUSEUM FOUNDATION B 4000000 FMV THE O'KEEFFE MUSEUM FOUNDATION D 3834032 BALANCE SHEET RECEIVABLE