2024-05-14T09:17:03-05:00 2023-06-30 420714325 RSM US LLP 100 INTERNATIONAL DRIVE SUITE 1400 BALTIMORE MD 21202 990 2022-07-01 526000162 BALTIMORE MUSEUM OF ART BALT 4435731849 10 ART MUSEUM DRIVE BALTIMORE MD 21218 CHRISTINE DIETZE BONANNO CHIEF OPERATING OFFICER 4435731849 2024-05-13 1 CHRISTINE DIETZE BONANNO 999009999 1 JULIA FLANNERY CPA P00928918 4102469300 2024-05-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHRISTINE DIETZE BONANNO 10 ART MUSEUM DRIVE BALTIMORE MD 21218 41830186 0 X WWW.ARTBMA.ORG X 1914 MD THE BALTIMORE MUSEUM OF ART CONNECTS ART TO BALTIMORE AND BALTIMORE TO THE WORLD, (SEE SCH. O) EMBODYING A COMMITMENT TO ARTISTIC EXCELLENCE AND SOCIAL EQUITY IN EVERY DECISION FROM ART PRESENTATION, INTERPRETATION, AND COLLECTING, TO THE COMPOSITION OF OUR BOARD OF TRUSTEES, STAFF, AND VOLUNTEERS - CREATING A MUSEUM WELCOMING TO ALL. 40 40 259 31 200176 0 21203396 20076853 958613 2025216 13547487 5114395 334396 420302 36043892 27636766 0 0 0 0 11352815 12623832 0 0 1156545 10324435 28936809 21677250 41560641 14366642 -13923875 192298973 190851646 4284094 3937659 188014879 186913987 X THE BALTIMORE MUSEUM OF ART CONNECTS ART TO BALTIMORE AND BALTIMORE TO THE WORLD, EMBODYING A COMMITMENT TO ARTISTIC EXCELLENCE AND SOCIAL EQUITY IN EVERY DECISION FROM ART PRESENTATION, INTERPRETATION, AND COLLECTING, TO THE COMPOSITION OF OUR BOARD OF TRUSTEES, STAFF, AND VOLUNTEERS - CREATING A MUSEUM WELCOMING TO ALL. 0 0 20298954 BUILDINGS & GROUNDSOPENED IN 1929 AS A SINGLE BUILDING ADJACENT TO THE CAMPUS OF THE JOHNS HOPKINS UNIVERSITY, THE BMA NOW COMPRISES 10 CONTIGUOUS BUILDINGS AND WINGS (210,000 SQ. FT.), ONE HISTORIC STRUCTURE, AND TWO OUTDOOR SCULPTURE GARDENS (3 ACRES). THE MUSEUM WORKS DILIGENTLY TO MAINTAIN AND PRESERVE OUR BUILDING ENVELOPE TO PROTECT ITS PRICELESS COLLECTION. THE MECHANICAL AND ELECTRICAL SYSTEMS WHICH RECEIVED SIGNIFICANT UPGRADES DURING MULTIPLE RENOVATIONS ARE NOW ACHIEVING IMPORTANT ECONOMIES IN ENERGY MANAGEMENT. THE BMA'S ENGINEERING STAFF FOLLOWED A DETAILED SCHEDULE OF PREVENTATIVE MAINTENANCE TO ENSURE THE LONGEVITY OF THESE SYSTEMS. SECURITY WAS ASSURED THROUGH A TRAINED SECURITY. 13340598 2021986 COLLECTION CARE & EXHIBITIONSTHE BALTIMORE MUSEUM OF ART (BMA) CARES FOR AND INTERPRETS A COLLECTION OF OVER 97,000 WORKS OF ART, CAREFULLY MONITORING ITS STORAGE, PRESERVATION, DOCUMENTATION, AND EXHIBITION. IN FY23, THE BMA CONTINUED ITS ACTIVE PROGRAM OF EXHIBITIONS AND EVENTS GEARED TOWARDS INCREASING DIVERSITY, ACCESS, AND INCLUSION FOR ITS AUDIENCE IN BALTIMORE, MARYLAND AND BEYOND. THE MUSEUM'S EXHIBITION OFFERINGS CENTERED ON THE EXPANSION AND CONTINUATION OF OUR CORE THEMES, INCLUDING THE COMMITMENT TO EXCELLENCE, FAIRNESS, RELEVANCE, AND SOCIAL JUSTICE BY BRINGING FORWARD UNDERREPRESENTED VOICES AND STORIES THAT RESONATE BOTH LOCALLY AND GLOBALLY. SUCH PROJECTS INCLUDED A MOVEMENT IN EVERY DIRECTION: LEGACIES OF THE GREAT MIGRATION, A MAJOR EXHIBITION THAT ILLUMINATED THE STORIES OF THE GREAT MIGRATION-THE MOVEMENT OF MILLIONS OF AFRICAN AMERICANS FROM THE RURAL SOUTH TO MAJOR CITY CENTERS DURING THE FIRST DECADES OF THE TWENTIETH CENTURY-THROUGH QUILTS, PHOTOGRAPHS, FILMS, PAINTINGS, AND INSTALLATIONS. ADDITIONALLY, THE BMA CELEBRATED THE CULTURE: HIP HOP AND CONTEMPORARY ART IN THE 21ST CENTURY, WHICH EXPLORED THE EXTRAORDINARY INFLUENCE HIP HOP HAS HAD ON CONTEMPORARY SOCIETY THROUGH ART AND FASHION. OTHER IMPORTANT PROJECTS INCLUDED: DARREL ELLIS: REGENERATION, WHICH FEATURED THE MULTIFACETED, POIGNANT BODY OF WORK-MERGING PAINTING, PRINTMAKING, PHOTOGRAPHY, AND DRAWING-ELLIS CREATED BEFORE HIS DEATH OF AIDS-RELATED CAUSES AT 33; OMAR BA: POLITICAL ANIMALS, WHICH INCLUDED 15 PAINTINGS BY THE GENEVA AND DAKAR BASED PAINTER THAT EXPLORE AND EXERCISE OF POWER IN ALL ITS GUISES; AND BEATRICE GLOW: ONCE THE SMOKE CLEARS, IN WHICH THE ARTIST EXPLORED AND CRITIQUED THE GLOBAL USE OF TOBACCO THROUGH DIGITALLY PRINTED AND EMBROIDERED SILK TEXTILES, VR-SCULPTED AND 3D-PRINTED OBJECTS, WATERCOLORS, AND SCENT EXPERIENCES.THALHEIMER AND MAY GALLERIESTHE GREAT MIGRATION: A MOVEMENT IN EVERY DIRECTIONOCTOBER 30, 2022-JANUARY 29, 2023THE CULTURE: HIP HOP AND CONTEMPORARY ART IN THE 21ST CENTURYAPRIL 5, 2023-JULY 16, 2023 JACOBS GALLERYELLE PEREZ: DEVOTIONSAPRIL 24, 2022-MARCH 19, 2023 CONTEMPORARY WINGBEATRICE GLOW: ONCE THE SMOKE CLEARSMAY 15, 2022-OCTOBER 2, 2022WILLIAM CORDOVA: ON THE LOWER FREQUENCIES I SPEAK 4 UMAY 15, 2022-OCTOBER 2, 2022BALTIMORE, ADDRESSED: BAKER ARTIST AWARDSNOVEMBER 13, 2022-MARCH 12, 2023OMAR BA: POLITICAL ANIMALSNOVEMBER 20, 2022-APRIL 2, 2023AMERICAN WINGSCOTT GALLERIES 2 & 3 REINSTALLATIONJULY 17, 2022 - CURRENTCONE FOCUSSALMAN TOOR: NO ORDINARY LOVEMAY 22, 2022-OCTOBER 23, 2022DARREL ELLIS: REGENERATIONNOVEMBER 20, 2022-APRIL 23, 2023BERMAN GALLERYARCTIC ARTISTRYJULY 17, 2022-MAY 14, 2023PDP GALLERYSHAPESHIFTING: TRANSFORMATIONS ON PAPERMAY 8, 2022-OCTOBER 2, 2022COMING ATTRACTIONS: THE JOHN WATERS COLLECTIONNOVEMBER 20, 2022-APRIL 16, 2023FISHER GALLERYMATISSE: THE SINUOUS LINEMAY 8, 2022-OCTOBER 23, 2022STANLEY WHITNEY: DANCE WITH ME HENRINOVEMBER 20, 2022-APRIL 23, 2023EXCEPT FOR A MOVEMENT IN EVERY DIRECTION AND THE CULTURE, ALL EXHIBITIONS LISTED ABOVE WERE PRESENTED FREE TO THE PUBLIC. 4428316 3230 EDUCATION & INTERPRETATIONEDUCATION AND PUBLIC PROGRAMS SERVED 60,967 FAMILIES, VISITORS, STUDENTS, TEACHERS, AND COMMUNITY RESIDENTS THROUGHOUT THE REGION IN THE MUSEUM. AMONG THE PROGRAMS THEY PARTICIPATED IN WERE: CLOSE ENCOUNTERS STUDENT TOURS, ARTIST TALKS, FAMILY ART-MAKING WORKSHOPS, AND SCHOLARLY DISCUSSIONS. OVER 200 CHILDREN AND ADULT VISITORS RECEIVED ART-MAKING KITS AT THE MUSEUM AND THE BMA LEXINGTON MARKET LOCATION. THE ART-TO-GO EDUCATOR RESOURCE WAS DISTRIBUTED VIA EMAIL TO 3,251 EDUCATORS AROUND THE WORLD. FREE FAMILY SUNDAYS AT HOME, VIRTUAL ARTMAKING KITS WERE DOWNLOADED 1,117 TIMES VIA THE BMA WEBSITE AND EMAIL.AS A RESULT OF CONSTRUCTION AND THE REBUILD OF THE JOSEPH EDUCATION CENTER, IN-PERSON FAMILY ART-MAKING WORKSHOPS WERE RE-ENVISIONED AS MONTHLY FREE FAMILY SUNDAYS POP-UP WORKSHOPS WHICH WELCOMED 578 CHILDREN AND ADULT VISITORS. 140 FAMILY VISITORS PARTICIPATED IN THE IN-GALLERY DOCENT LED ACTIVITIES DURING THE FREE FAMILY SUNDAYS POP-UP WORKSHOPS. ONLINE PROGRAMMING INCLUDED JOSHUA JOHNSON COUNCIL (JJC) TALKS AND PAST EPISODES OF BALTIMORE MUSEUM OF ART X NATIONAL MUSEUM OF WOMEN IN THE ARTS (BMA X NWMA).BMA MAKERS, A SERIES OF ADULT ART-MAKING KITS, WERE DISTRIBUTED TO 922 VISITORS DURING THE MUSEUM'S LATE-NIGHTS ON THURSDAY EVENINGS.THE BMA IS A RESOURCE FOR COLLEGE AND UNIVERSITY TEACHING AT INSTITUTIONS IN THE BALTIMORE-WASHINGTON METROPOLITAN AREA, WHERE THERE ARE 200,000 COLLEGE AND UNIVERSITY STUDENTS. MARKETING AND COMMUNICATIONS STAFF PROMOTED THESE BMA EXHIBITIONS, PUBLICATIONS, AND EDUCATIONAL PROGRAMS TO A BROAD AUDIENCE ACROSS SOCIAL MEDIA, THE MUSEUM WEBSITE (WWW.ARTBMA.ORG), PRINT PUBLICATIONS, AND DIGITAL PUBLISHING. 38067868 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 221 0 1 259 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 40 40 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X CHRISTINE DIETZE BONANNO 4435731849 10 ART MUSEUM DRIVE BALTIMORE MD 21218 X JAMES THORNTON CHAIR 1.00 X X 0 0 0 CLAIR ZAMOISKI SEGAL IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 DARIUS GRAHAM VICE CHAIR 1.00 X X 0 0 0 ELIZABETH HURWITZ VICE CHAIR 1.00 X X 0 0 0 JOHN GILPIN VICE PRESIDENT AND TREASURER 1.00 X X 0 0 0 FIONA ONG SECRETARY 1.00 X X 0 0 0 DAVID WALLACE VICE PRESIDENT 1.00 X X 0 0 0 JOHN MEYERHOFF VICE PRESIDENT 1.00 X X 0 0 0 ELLEN DAME VICE PRESIDENT 1.00 X X 0 0 0 VIRGINIA ADAMS ASSISTANT VICE PRESIDENT 1.00 X X 0 0 0 AMY GOULD ASSISTANT VICE PRESIDENT 1.00 X X 0 0 0 PATRICIA LASHER TRUSTEE 1.00 X 0 0 0 KWAME WEBB TRUSTEE 1.00 X 0 0 0 SAM CALLARD TRUSTEE 1.00 X 0 0 0 AMY ELIAS TRUSTEE 1.00 X 0 0 0 KATHERINE SCHULZE TRUSTEE 1.00 X 0 0 0 MICHAEL BROWN TRUSTEE 1.00 X 0 0 0 ADAM BURCH TRUSTEE 1.00 X 0 0 0 SHARON BUTLER TRUSTEE 1.00 X 0 0 0 BEVERLY BENTLEY CARROLL TRUSTEE 1.00 X 0 0 0 NUPUR PAREKH FLYNN TRUSTEE 1.00 X 0 0 0 DENISE GALAMBOS TRUSTEE 1.00 X 0 0 0 JOANNE GOLD TRUSTEE 1.00 X 0 0 0 KIM MUMBY GREEN TRUSTEE 1.00 X 0 0 0 NANCY HACKERMAN TRUSTEE 1.00 X 0 0 0 PAMELA HOEHN-SARIC TRUSTEE 1.00 X 0 0 0 SHERRILYN IFILL TRUSTEE 1.00 X 0 0 0 LORI N JOHNSON TRUSTEE 1.00 X 0 0 0 GEORGE MCCULLOCH TRUSTEE 1.00 X 0 0 0 SHEELA MURTHY TRUSTEE 1.00 X 0 0 0 RHEDA BECKER TRUSTEE 1.00 X 0 0 0 GEORGE PETROCHEILOS TRUSTEE 1.00 X 0 0 0 STEVEN PULIMOOD TRUSTEE 1.00 X 0 0 0 PAUL OOSTBURG SANZ TRUSTEE 1.00 X 0 0 0 MARK SAUDEK TRUSTEE 1.00 X 0 0 0 LYNN SELBY TRUSTEE 1.00 X 0 0 0 MICHAEL SHERMAN TRUSTEE 1.00 X 0 0 0 STUART O SIMMS TRUSTEE 1.00 X 0 0 0 ANNE L STONE TRUSTEE 1.00 X 0 0 0 JOHN WATERS TRUSTEE 1.00 X 0 0 0 ASMA NAEEM CHIEF CURATOR AND DIRECTOR 40.00 X 199458 0 4065 CHRISTINE BONANNO CHIEF OPERATING OFFICER 40.00 X 254186 0 44902 ELIZABETH COURTEMANCHE SENIOR DIRECTOR OF ADVANCEMENT 40.00 X 125965 0 29639 GAMYNNE GUILLOTTE CHIEF EDUC OFFICER (THRU 6/9/23) 40.00 X 160607 0 30667 MELANIE MARTIN CHIEF INNOV OFFICER (THRU 6/6/23) 40.00 X 164484 0 24255 KIMBERLY BOUNTRESS SENIOR DIRECTOR OF HUMAN RESOURCES 40.00 X 118574 0 27752 AVA SHIVERS SR DIRECTOR FINANCE (THRU 1/20/23) 40.00 X 121274 0 19849 CHRISTOPHER BEDFORD FORMER DIRECTOR (THRU 6/3/22) 0.00 X 228651 0 10407 1373199 0 191536 11 1 1 0 THE WHITING-TURNER CONTRACTING COMPANY 300 E JOPPA RD BALTIMORE MD 21286 CONSTRUCTION 2571866 BONSAI FINE ARTS INC 509 MCCORMICK DR SUITE O GLEN BURNIE MD 21061 ART STORAGE 420808 QUINN EVANS ARCHITECTS DEPT 7083 PO BOX 33661 DETROIT MI 48232 ARCHITECTS 266044 LUCIA MARQUAND PO BOX 632 GRAYLAND WA 98547 PRINTER 214793 ART & SOUND LLC 313 BIRKWOOD PLACE BALTIMORE MD 21218 ART INSTALLATION 148200 6 587445 9917894 9571514 2152856 20076853 TRAVELING EXHIBITS 900099 977070 977070 PROGRAM REVENUE 900099 655099 655099 ADMISSIONS 900099 393047 393047 2025216 4290314 20347 4269967 137329 0 137329 137329 137329 13966123 13142042 824081 824081 824081 989677 1051378 -61701 179829 -241530 PARKING REVENUE 900099 334815 334815 DEACCESSIONS 900099 9859 9859 344674 27636766 2025216 200176 5334521 557007 232637 232637 91733 9383806 8116082 624531 643193 126607 99323 16715 10569 1770420 1456374 196131 117915 785992 656903 80598 48491 195058 188808 6250 87502 87502 72370 72370 36100 36100 303825 303825 257077 223366 33711 532768 390516 72681 69571 187491 187491 16272579 16272579 91256 74574 14269 2413 61494 51194 7380 2920 464025 363539 70384 30102 233782 233782 EXHIBITION & COLLECTION 5594097 5594097 ACCESSIONS 3783473 3783473 EDUCATION & ARTISTIC PR 152559 152559 611353 224353 281073 105927 41560641 38067868 2336228 1156545 817578 711362 4366666 502986 3437549 4665368 2840792 3414595 366793 436695 10325246 4256909 18602416 6068337 51885823 56333721 107563093 117277755 2418263 1440827 192298973 190851646 2731146 2168394 661090 927606 891858 841659 4284094 3937659 X 25123811 23712426 162891068 163201561 188014879 186913987 192298973 190851646 -13923875 12822983 0 X 0 1 X 1 1 1 X 19952994 22122483 17446054 21203396 20076853 100801780 19952994 22122483 17446054 21203396 20076853 100801780 7306042 93495738 3807669 3928047 3110586 8682111 4427643 23956056 0 6353706 159704 64241 226881 344674 7149206 131907042 9366974 0.70880 0.66450 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 36100 36100 0 PART II-B, LINE 1: IN FY23, MUSEUM STAFF, VOLUNTEERS, AND A PAID LOBBYIST COMMUNICATED WITH STATE AND LOCAL ELECTED OFFICIALS AND EMPLOYEES REGARDING AN UPCOMING RENOVATION PROJECTS IN NEED OF SUPPORT. THE MUSEUM ALSO DISCUSSED SUPPORT OF THE ANNUAL ALLOCATION TO THE MARYLAND STATE ARTS COUNCIL (MSAC). MSAC IS A STATE AGENCY THAT MAKES GRANTS TO CULTURAL NONPROFITS ORGANIZATIONS IN MARYLAND, INCLUDING THE BMA. THIS COMMUNICATION INCLUDED WRITING LETTERS AND EMAILS TO SPECIFIC OFFICIALS AND EMPLOYEES, TELEPHONE CALLS AND MEETINGS WITH SPECIFIC OFFICIALS AND EMPLOYEES. X X X X 0 160561452 3376000 17487859 8576000 172849311 186729923 3692711 -22668474 7192708 160561452 136321528 6066695 52132727 7791027 186729923 129522704 5663427 4541913 3406516 136321528 117597907 7242179 10088797 5406179 129522704 0.12670 0.87330 0 0 100000 100000 7655159 3210761 4444398 2494246 1046148 1448098 75841 75841 6068337 HEDGE FUNDS OF FUNDS 19321 F PRIVATE EQUITY FUNDS 15669666 F VANGUARD INSTL INDEX FD (VINIX) 29910062 F VANGUARD REAL ESTATE INDEX FUND (VGSLX) 9647026 F VANGUARD RUSSELL 1000 GROWTH INDEX FUND (VRGWX) 17494012 F VANGUARD RUSSELL 1000 VALUE INDEX FUND (VRVIX) 19485118 F VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND (VTSNX) 25052550 F 117277755 PAYABLES UNDER SPLIT INTEREST AGREEMENT 841659 841659 X 41207302 12822983 12822983 28384319 303825 -1051378 -747553 27636766 42308194 1051378 1051378 41256816 303825 303825 41560641 PART III, LINE 1A: THE MUSEUM'S PERMANENT COLLECTION CONSISTS OF OVER 95,000 OBJECTS. THE VALUE OF THE MUSEUM'S COLLECTION OF ART OBJECTS IS NOT CAPITALIZED AND HAS BEEN EXCLUDED FROM THE STATEMENTS OF FINANCIAL POSITION. CONTRIBUTED COLLECTION ITEMS ARE NOT RECOGNIZED AS CONTRIBUTION REVENUE. PURCHASES OF ART OBJECTS BY THE MUSEUM (ACCESSIONS) ARE FUNDED WITH NET ASSETS WITH DONOR RESTRICTIONS AND ARE RECORDED AS NONOPERATING DECREASES IN NET ASSETS IN THE STATEMENTS OF ACTIVITIES. SALES OF ART OBJECTS BY THE MUSEUM (DEACCESSIONS) ARE RECORDED AS NONOPERATING INCREASES IN NET ASSETS WITH DONOR RESTRICTIONS IN THE STATEMENTS OF ACTIVITIES. PART III, LINE 4: THE BALTIMORE MUSEUM OF ART CONNECTS ART TO BALTIMORE AND BALTIMORE TO THE WORLD, EMBODYING A COMMITMENT TO ARTISTIC EXCELLENCE AND SOCIAL EQUITY IN EVERY DECISION FROM ART PRESENTATION, INTERPRETATION, AND COLLECTING, TO THE COMPOSITION OF OUR BOARD OF TRUSTEES, STAFF, AND VOLUNTEERS - CREATING A MUSEUM WELCOMING TO ALL. PART V, LINE 4: UNDER THE MUSEUM'S POLICY, THE BOARD OF TRUSTEES ANNUALLY APPROVES A WITHDRAWAL RATE FOR THE INVESTMENT RETURN ON THESE FUNDS TO BE USED TO SUPPORT OPERATIONS. PART X, LINE 2: THE MUSEUM ADOPTED THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS POLICY, THE MUSEUM MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WOULD BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT HAS EVALUATED THE MUSEUM'S TAX POSITIONS AND HAS CONCLUDED THAT THE MUSEUM HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH PROVISIONS OF THIS GUIDANCE. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASSIFICATION OF COST OF GOODS SOLD -1,051,378. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASSIFICATION OF COST OF GOODS SOLD 1,051,378. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 5292140 0 0 0 0 0 0 5292140 0 5292140 1 0 1 1 1 0 PART III ACCOUNTING METHOD: X X X X 0 0 0 0 0 0 0 0 0 CHRISTINE BONANNO CHIEF OPERATING OFFICER 254186 0 0 0 0 0 20898 0 24004 0 299088 0 0 0 CHRISTOPHER BEDFORD FORMER DIRECTOR (THRU 6/3/22) 193266 0 0 0 35385 0 0 0 10407 0 239058 0 0 0 ASMA NAEEM CHIEF CURATOR AND DIRECTOR 199458 0 0 0 0 0 3000 0 1065 0 203523 0 0 0 GAMYNNE GUILLOTTE CHIEF EDUC OFFICER (THRU 6/9/23) 160607 0 0 0 0 0 13676 0 16991 0 191274 0 0 0 MELANIE MARTIN CHIEF INNOV OFFICER (THRU 6/6/23) 164484 0 0 0 0 0 3000 0 21255 0 188739 0 0 0 ELIZABETH COURTEMANCHE SENIOR DIRECTOR OF ADVANCEMENT 125965 0 0 0 0 0 2480 0 27159 0 155604 0 0 0 X 264 EXCLUDED UNDER SFAS 116 X 30 2152856 FMV 8 0 1 1 PART I, COLUMN (B): REPORTING THE NUMBER OF CONTRIBUTIONS PART I, LINE 32B: PUBLIC AUCTION IS THE USUAL MECHANISM FOR THE DISPOSAL OF WORKS BEING DE-ACCESSIONED FROM THE COLLECTION AFTER REVIEW BY THE DIRECTOR, CURATORS, AN ACCESSIONS COMMITTEE AND FINAL APPROVAL BY THE EXECUTIVE COMMITTEE AND THE BOARD OF TRUSTEES. THE MUSEUM DOES NOT USE A THIRD PARTY OR RELATED ORGANIZATION TO SOLICIT OR PROCESS NONCASH CONTRIBUTIONS. PART I, LINE 33: THE MUSEUM'S PERMANENT COLLECTION CONSISTS OF OVER 97,000 OBJECTS. IN CONFORMITY WITH ACCOUNTING POLICIES GENERALLY FOLLOWED BY ART MUSEUMS, THE VALUE OF THE MUSEUM'S COLLECTION OF ART OBJECTS IS NOT CAPITALIZED AND HAS BEEN EXCLUDED FROM THE STATEMENTS OF FINANCIAL POSITION, AND GIFTS OF ART OBJECTS ARE NOT RECOGNIZED AS CONTRIBUTED REVENUE. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE REVIEWS A COPY OF FORM 990 IN DETAIL. AFTER THE AUDIT COMMITTEE COMPLETES ITS REVIEW, A DRAFT IS MADE AVAILABLE TO THE ENTIRE BOARD FOR COMMENTS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BMA HAS A QUESTIONNAIRE THAT REQUIRES TRUSTEES WITH VOTING PRIVILEGES TO DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS. ONE HUNDRED PERCENT OF VOTING TRUSTEES COMPLETED THE QUESTIONNAIRE AND CERTIFIED THE DOCUMENT WITH THEIR RESPECTIVE SIGNATURES. NO CONFLICTS OF INTEREST WERE IDENTIFIED. TRUSTEES ARE ASKED TO BRING ANY CONFLICTS OF INTEREST TO THE ATTENTION OF THE CHAIR OF THE BOARD OF TRUSTEES AS CHAIR OF THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES CONDUCTS AN ANNUAL PERFORMANCE REVIEW OF THE DIRECTOR AND RECOMMENDS COMPENSATION FOR THE DIRECTOR BASED ON PERFORMANCE AND THE REVIEW OF COMPARABLE DATA FROM SIMILAR INSTITUTIONS. THE BOARD OF TRUSTEES APPROVES THE ANNUAL OPERATING BUDGET WHICH INCLUDES COMPENSATION FOR THE DIRECTOR. THE DECISIONS OF THE COMPENSATION COMMITTEE ARE COMMUNICATED IN WRITING FROM THE BOARD CHAIR TO THE CHIEF OPERATING OFFICER, WRITTEN NOTES ACCOMPANY THE BUDGET AND MINUTES OF THE BOARD OF TRUSTEES MEETINGS ARE MAINTAINED. THE MUSEUM PARTICIPATES ANNUALLY IN SALARY SURVEYS TO BENCHMARK COMPENSATION RANGES AGAINST PEER INSTITUTIONS. THE BOARD OF TRUSTEES APPROVES THE ANNUAL OPERATING BUDGET WHICH INCLUDES COMPENSATION FOR OFFICERS AND KEY EMPLOYEES. WRITTEN NOTES ACCOMPANY THE BUDGET AND MINUTES OF THE BOARD OF TRUSTEES MEETINGS ARE MAINTAINED. FORM 990, PART VI, SECTION C, LINE 19 BMA MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART VII, SECTION A, LINE 1A ASMA NAEEM BECAME DIRECTOR AT THE BMA EFFECTIVE FEBRUARY 1, 2023.