2024-11-12T07:17:17-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 8215 GREENWAY BOULEVARD SUITE 600 MIDDLETON WI 53562 990 2023-01-01 390785483 PAINE ART CENTER & GARDENS INC PAIN 9202356903 1410 ALGOMA BOULEVARD OSHKOSH WI 54901 AARON SHERER EXECUTIVE DIRECTOR 9202356903 2024-11-11 1 1 KIMBERLY ANDERSON CPA P00188889 6086628600 2024-11-11 2023 2024-10-15 13:58:12Z AARON SHERER 1410 ALGOMA BOULEVARD OSHKOSH WI 54901 3583426 0 X WWW.THEPAINE.ORG X 1946 WI CONSERVE, PRESENT AND ENHANCE THE HISTORIC HOUSE, GARDENS, ART COLLECTIONS AND EXHIBITIONS. 25 25 129 200 225754 55978 1580764 1959170 1531334 877318 -65650 -49676 392391 447542 3438839 3234354 0 0 0 0 1208324 1217327 0 0 137472 1832372 1547749 3040696 2765076 398143 469278 23116590 24685418 1812488 1666721 21304102 23018697 X PAINE ART CENTER & GARDENS, INC. IS A HISTORIC ESTATE THAT SERVES AS A MULTI-FACETED MUSEUM FOR LEARNING AND INSPIRATION. THE CORE PURPOSES OF THE ORGANIZATION ARE TO SUSTAIN THE CARE OF THE HISTORIC ARCHITECTURE, COLLECTIONS, AND GARDENS; TO OFFER CULTURALLY ENRICHING EXPERIENCES WITHIN THE BEAUTIFUL SETTINGS; AND TO INSPIRE PEOPLE TO ENJOY, CREATE, AND SHARE BEAUTY IN THEIR DAILY LIVES. 0 1 649563 0 967184 COLLECTIONS & EXHIBITIONS - PAINE ART CENTER & GARDENS, INC. PROVIDES PLANNING, TRANSPORTATION, DESIGN, AND INSTALLATION OF EXHIBITIONS. IT IS ALSO RESPONSIBLE FOR PRESERVING MUSEUM COLLECTIONS. THE ORGANIZATION HAS A LONG HISTORY OF PRESENTING EXCEPTIONAL EXHIBITIONS SPANNING CLASSICAL TO CONTEMPORARY ART. THE HISTORIC PAINE PROPERTY HOLDS A COLLECTION OF MORE THAN A THOUSAND ARTWORKS, INCLUDING PAINTINGS, SCULPTURES, FURNISHINGS, AND DECORATIVE OBJECTS. THE ROOMS AND HALLWAYS OF THE PAINE MANSION DISPLAY ITEMS FROM NATHAN AND JESSIE KIMBERLY PAINE'S COLLECTION OF FINE ART AND DECORATIVE OBJECTS, MOST NOTABLY, FRENCH BARBIZON AND AMERICAN LANDSCAPE PAINTINGS FROM THE LATE 19TH AND EARLY 20TH CENTURIES, PRIMARILY PURCHASED IN THE MID-1920'S. THE ESTATE'S GARDENS ALSO FEATURE SEVERAL SCULPTURES AS FOCAL POINTS OF THE OUTDOOR "GALLERIES". WHILE A MAJORITY OF THE COLLECTION WAS ACQUIRED BY THE PAINES, IT HAS ALSO GROWN SUBSTANTIALLY THROUGH DONATIONS AND PURCHASES WHILE CONTINUING TO REFLECT THE SUBJECTS AND SPIRIT OF THE FOUNDERS ORIGINAL GIFT. THE COLLECTION IS CATALOGUED FOR EDUCATIONAL AND CURATORIAL PURPOSES. THE ORGANIZATION'S INTENT IS TO PRESERVE AND MAINTAIN THEIR COLLECTION WHICH DIRECTLY FURTHERS THE ORGANIZATION'S PURPOSE. 533834 0 0 EXTERNAL RELATIONS -THE ORGANIZATION COMPILES AND DISTRIBUTES ALL INFORMATION FOR COMMUNICATION TO THE PUBLIC. 287424 0 0 GARDENS - THE ORGANIZATION MAINTAINS, PRESERVES, AND INTERPRETS THE HORTICULTURAL COLLECTION. THE PAINE ESTATE FEATURES TWENTY GARDEN AREAS FOR PUBLIC ENJOYMENT AND EDUCATION. IN CONCERT WITH THE HISTORIC ARCHITECTURE, THE GARDEN DESIGNS CREATE OUTDOOR "ROOMS" SHOWCASING A WIDE VARIETY OF PLANTS. LIKE THE PAINE MANSION'S ROOMS AND GALLERIES, THE GARDENS ARE DESIGNED TO CREATE A VARIETY OF INTIMATE AND GRAND SETTINGS. SET AGAINST THE BACKDROP OF THE MANSION, THE GARDENS SHOWCASE PERENNIALS THAT ARE ESPECIALLY HARDY IN WISCONSIN'S CLIMATE AS WELL AS TREES, SHRUBS AND WILDFLOWERS NATIVE TO THE STATE. DISPLAYS OF ANNUALS AND BULBS CHANGE EACH YEAR AND PRESENT NEW VARIETIES AND UNUSUAL COMBINATIONS TO INSPIRE EVERY LEVEL OF GARDEN ENTHUSIAST. 257938 0 0 EDUCATION - THE ORGANIZATION DEVELOPS AND ADMINISTERS EDUCATIONAL AND INTERPRETIVE PROGRAMS. 5561 0 0 VOLUNTEER SERVICES - THE ORGANIZATION IS RESPONSIBLE FOR DEVELOPING AND MAINTAINING ITS VOLUNTEER PROGRAM. YOU WILL FIND OUR ENTHUSIASTIC VOLUNTEERS CONTRIBUTING IN COUNTLESS WAYS THROUGHOUT THE ENTIRE ESTATE. SOME VOLUNTEERS WARMLY WELCOME GUESTS, OTHERS PARTICIPATE IN CURATORIAL AND ARCHIVAL ACTIVITIES, STILL OTHERS ROLL UP THEIR SLEEVES AND GO TO WORK IN OUR ENCHANTING GARDENS. 263499 0 0 1734320 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 49 0 1 129 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 25 25 1 0 1 0 1 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 WI X AARON SHERER 9202356903 1410 ALGOMA BLVD OSHKOSH WI 54901 TRINA WOLDT PRESIDENT 10.00 X X 0 0 0 PIERCE SMITH VICE PRESIDENT 10.00 X X 0 0 0 GERALD STADTMUELLER PAST PRESIDENT 10.00 X X 0 0 0 MEGHANN KASPER TREASURER 10.00 X X 0 0 0 ANNIE EIDEN SECRETARY 10.00 X X 0 0 0 JACK BERMINGHAM TRUSTEE 1.00 X 0 0 0 ELIZABETH SMITH TRUSTEE 1.00 X 0 0 0 CARLA KELLY TRUSTEE 1.00 X 0 0 0 DAVID OMACHINSKI TRUSTEE 1.00 X 0 0 0 JASON HIRSCHBERG TRUSTEE 1.00 X 0 0 0 JOE FRANZOI TRUSTEE 1.00 X 0 0 0 MEGAN LANG TRUSTEE 1.00 X 0 0 0 PEG WACHTEL TRUSTEE 1.00 X 0 0 0 STEVE THOMA TRUSTEE 1.00 X 0 0 0 SUSAN STEARNS TRUSTEE 1.00 X 0 0 0 THOMAS PETRI TRUSTEE 1.00 X 0 0 0 TRISHA CASTLE TRUSTEE 1.00 X 0 0 0 WESTON RADFORD TRUSTEE 1.00 X 0 0 0 VICTOR ALATORRE TRUSTEE 1.00 X 0 0 0 COLLEEN BIES TRUSTEE 1.00 X 0 0 0 LAKEISHA HAASE TRUSTEE 1.00 X 0 0 0 AMANDA IZQUIERDO TRUSTEE 1.00 X 0 0 0 TOM TAGGART TRUSTEE 1.00 X 0 0 0 COURTNEY LASKY TRUSTEE 1.00 X 0 0 0 WILLA FORNETTI-BELL TRUSTEE 1.00 X 0 0 0 AARON SHERER EXECUTIVE DIRECTOR 40.00 X 168624 0 10117 DORIS PEITZ BUSINESS MANAGER 40.00 X 74161 0 14665 242785 0 24782 1 0 1 0 GARTMAN MECHANICAL SERVICES INC 520 W SOUTH PARK AVE OSHKOSH WI 54902 INSTALLATION OF NEW HVAC SYSTEM 464257 VINTON CONSTRUCTION COMPANY 1322 33RD ST TWO RIVERS WI 54241 CONSTRUCTION OF NEW PARKING LOT 273479 2 155480 76330 1727360 993495 1959170 MEMBERSHIP DUES 713990 444785 444785 ADMISSIONS 713990 431015 431015 PROGRAM FEES 713990 1518 1518 877318 9623 9623 256651 22443 71745 478 184906 21965 206871 104874 101997 59299 -59299 -59299 -59299 141590 155480 111665 29925 29925 195751 105885 89866 89866 BAR SERVICE REVENUE 900099 120880 120880 120880 3234354 967184 225754 82246 277346 148888 128458 798563 627003 171560 20745 19015 1730 43781 28489 12310 2982 76892 40900 31711 4281 98016 98016 36840 31714 5126 178452 177707 94 651 111724 86451 24610 663 25650 19646 6004 150696 87830 62866 9699 9699 55145 55145 359176 114936 244240 70962 52778 18184 EXHIBITIONS 256489 256489 EDUCATION & OUTREACH 133843 131071 2772 MEMBERSHIP SERVICES 39816 39816 MISCELLANEOUS 16766 9657 6672 437 4475 1119 3356 2765076 1734320 893284 137472 151477 79006 1684999 922147 557717 297918 40504 223877 19083206 6324869 12229351 12758337 8452542 10404133 23116590 24685418 139111 89769 263737 249822 1409640 1327130 1812488 1666721 X 12513935 12928035 8790167 10090662 21304102 23018697 23116590 24685418 469278 1245317 0 X 0 1 X 1 0 X 813114 1045520 1922392 1580764 2042183 7403973 813114 1045520 1922392 1580764 2042183 7403973 2472469 4931504 155370 104331 202241 143376 111620 716938 8850 3903 11782 115727 225754 366016 8486927 5326057 0.58110 0.65960 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5000 X X 0 8452542 1073850 1283800 367576 38483 10404133 9982352 35617 -1162690 365612 37125 8452542 8736785 600 1623969 338886 40116 9982352 8322203 400 788064 340667 33215 8736785 7258923 10250 1420856 336918 30908 8322203 0.45286 0.37728 0.16986 1 0 764292 764292 13792646 4436723 9355923 2933190 1123617 1809573 1570161 764529 805632 22917 22917 12758337 BENEFICIAL INTEREST IN ASSETS HELD 10404133 F 10404133 4754279 1245317 7865 266743 1519925 3234354 0 3234354 3039684 7865 266743 274608 2765076 0 2765076 PART III, LINE 1A: PAINE ART CENTER & GARDENS, INC. (THE PAINE) POSSESSES DONATED INEXHAUSTIBLE COLLECTIONS OF WORKS OF ART, HISTORICAL TREASURES, AND SIMILAR ASSETS. EACH OF THE ITEMS IS CATALOGUED FOR EDUCATIONAL AND CURATORIAL PURPOSES. PROCEDURES ARE CONTINUOUSLY EMPLOYED TO VERIFY THE CONDITION AND EXISTENCE OF EACH ITEM IN THE COLLECTION. THE ORGANIZATION'S INTENT IS TO PRESERVE AND MAINTAIN THEIR COLLECTION AND TO USE THE PROCEEDS FROM ANY SALES TO ACQUIRE OTHER ITEMS FOR THEIR COLLECTION. SUCH ASSETS ARE NOT RECOGNIZED ON THE ORGANIZATION'S STATEMENTS OF FINANCIAL POSITION SINCE THEY ARE HELD FOR PUBLIC INSPECTION, EDUCATION, AND/OR RESEARCH. IN ADDITION, BECAUSE THESE ASSETS ARE NOT RECOGNIZED ON THE ORGANIZATION'S STATEMENTS OF FINANCIAL POSITION, CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED ON THE STATEMENTS OF ACTIVITIES. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR ACQUIRED OR RELEASED FROM TEMPORARILY OR PERMANENTLY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS HAVE BEEN RESTRICTED BY DONORS. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. PART III, LINE 4: THE HISTORIC PAINE PROPERTY HOLDS A COLLECTION OF MORE THAN A THOUSAND ARTWORKS, INCLUDING PAINTINGS, SCULPTURES, FURNISHINGS, AND DECORATIVE OBJECTS. THE ROOMS AND HALLWAYS OF THE PAINE MANSION DISPLAY MANY ITEMS FROM NATHAN AND JESSIE KIMBERLY PAINES' COLLECTION OF FINE ART AND DECORATIVE OBJECTS, MOST NOTABLY, FRENCH BARBIZON AND AMERICAN LANDSCAPE PAINTINGS FROM THE LATE 19TH AND EARLY 20TH CENTURIES, PRIMARILY PURCHASED IN THE MID-1920'S. THE ESTATE'S GARDENS ALSO FEATURE SEVERAL SCULPTURES AS FOCAL POINTS OF THE OUTDOOR "GALLERIES." WHILE A MAJORITY OF THE COLLECTION WAS ACQUIRED BY THE PAINES, IT HAS ALSO GROWN SUBSTANTIALLY THROUGH DONATIONS AND PURCHASES WHILE CONTINUING TO REFLECT THE SUBJECTS AND SPIRIT OF THE FOUNDER'S ORIGINAL GIFT. THE COLLECTION IS CATALOGUED FOR EDUCATIONAL AND CURATORIAL PURPOSES. THE ORGANIZATION'S INTENT IS TO PRESERVE AND MAINTAIN THEIR COLLECTION WHICH DIRECTLY FURTHERS THE ORGANIZATION'S PURPOSES. PART V, LINE 4: BENEFICIAL INTEREST IN ASSETS HELD BY COMMUNITY FOUNDATION REPRESENTS AMOUNTS HELD BY OSHKOSH AREA COMMUNITY FOUNDATION. THE FOUNDATION INVESTS THE ASSETS HELD IN THE FUND. INCOME AND PRINCIPAL MAY BE DISTRIBUTED AS FOLLOWS: THE PURPOSE OF THE GENERAL ENDOWMENT FUND IS TO PROVIDE INCOME FOR THE ORGANIZATION AND REQUIRES A PORTION OF THE CORPUS THAT IS DONOR RESTRICTED TO REMAIN INTACT. NUMEROUS BEQUESTS AND DONATIONS HAVE BEEN MADE TO THIS FUND OVER THE YEARS OF ITS EXISTENCE. ANY DONOR RESTRICTED BEQUESTS AND DONATIONS ARE ACCOUNTED FOR AS PERMANENTLY RESTRICTED. THE PAINE GARDENS FUND WAS CREATED AS A BOARD-DESIGNATED ENDOWMENT AND DOES NOT CONTAIN ANY DONOR RESTRICTED GIFTS. THE PURPOSE OF THE SHIRK ENDOWMENT FUND IS TO MAINTAIN AND CARE FOR THE RESIDENCE, WALKS, AND APPROACHES. EXPENDITURES FROM THIS FUND ARE RESTRICTED TO INCOME; THE CORPUS IS TO REMAIN INTACT. THE CORPUS IS INCLUDED IN PERMANENTLY RESTRICTED NET ASSETS AND IS INCLUDED IN GENERAL ENDOWMENT FUND BALANCE. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 88,635. COST OF GOODS SOLD 105,885. RENTAL EXPENSES 72,223. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 88,635. COST OF GOODS SOLD 105,885. RENTAL EXPENSES 72,223. JAZZ IN THE GARDENS 232174 139880 92294 23030 21497 14550 25861 FESTIVAL OF SPRING 45046 9550 35496 245 650 18953 1 19850 6050 13800 700 5656 297070 155480 141590 23030 21742 15900 50470 111142 30448 X X X 0 0 0 0 0 0 0 0 0 AARON SHERER EXECUTIVE DIRECTOR 168624 0 0 0 0 0 10117 0 0 0 178741 0 0 0 A CITY OF OSHKOSH WISCONSIN 396005563 2017-08-31 1650000 PROPERTY IMPROVEMENT 0 0 0 A 283684 1650000 1650000 2017 0 0 1 1 A 0 0 0 0 0 0 1 A 0 1 1 1 0 0 0 0 1 A 1 X 2 0 X 1100 FMV X 2 970465 FMV X 5 4755 FMV X EXPERIENCES 17 17175 FMV 0 0 0 1 PART I, COLUMN (B): NUMBER OF ITEMS CONTRIBUTED IS LISTED. PART I, LINE 32B: STOCK GIFTS ARE LIQUIDATED THROUGH ROBERT W. BAIRD & CO. INC. OR EDWARD JONES. SCHEDULE M LINE 1 A ZERO AMOUNT WAS REPORTED ON FORM 990, PART VIII LINE 1G FOR THE TWO ART ITEMS LISTED. THE PAINE ART CENTER & GARDENS, INC DID NOT CAPITALIZE THESE ART ITEMS AS ALLOWED UNDER FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION 958-360-25. FORM 990, PART III, LINE 3 THE NATURE OF LIGHT EXHIBITION THAT WAS PRESENTED IN 2022 WAS NOT SCHEDULED TO BE PRESENTED IN 2023. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE TRUSTEES OF THE CORPORATION WHO ARE ALSO OFFICERS AND TWO (2) ADDITIONAL TRUSTEES AT LARGE ELECTED BY THE BOARD. THE PRESIDENT SHALL BE CHAIRPERSON OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL HAVE FULL RESPONSIBILITY TO ACT ON BEHALF OF THE BOARD BETWEEN BOARD MEETINGS, EXCEPTING THE AUTHORITY TO ELECT OFFICERS AND DECLARE OR FILL ANY VACANCY ON THE BOARD. IN ADDITION, ANY THREE (3) MEMBERS OF THE EXECUTIVE COMMITTEE MAY REQUIRE MATTERS BROUGHT BEFORE THE EXECUTIVE COMMITTEE TO BE BROUGHT BEFORE THE BOARD FOR RESOLUTION. THE EXECUTIVE COMMITTEE SHALL PRESENT THE ANNUAL OPERATING AND CAPITAL BUDGET. IT SHALL BE RESPONSIBLE FOR THE PERFORMANCE REVIEW AND OVERSIGHT OF THE EXECUTIVE DIRECTOR AND SUCH OTHER PERSONNEL MATTERS RELATING TO THE EXECUTIVE DIRECTOR AS REQUIRE IMMEDIATE ACTION. MINUTES OF EXECUTIVE COMMITTEE MEETINGS SHALL BE PROMPTLY PROVIDED TO THE BOARD. THE FINANCE COMMITTEE SHALL REVIEW THE ANNUAL OPERATING AND CAPITAL BUDGETS OF THE CORPORATION, REVIEW MONTHLY AND ANNUAL FINANCIAL STATEMENTS, AND MAKE RECOMMENDATIONS TO THE BOARD ON ALL FISCAL AFFAIRS OF THE CORPORATION AND ON MATTERS REFERRED TO IT FROM TIME TO TIME. THE TREASURER SHALL BE CHAIRPERSON OF THE FINANCE COMMITTEE. THE FINANCE COMMITTEE SHALL CONSIST OF NOT LESS THAN FIVE (5) MEMBERS. THE BOARD MANAGEMENT AND NOMINATING COMMITTEE SHALL BE APPOINTED BY THE BOARD AND SHALL CONSIST OF NOT LESS THAN FIVE MEMBERS OF WHICH TWO SHALL BE THE PAST PRESIDENT AND VICE PRESIDENT/PRESIDENTELECT. THE BOARD MANAGEMENT AND NOMINATING COMMITTEE PAINE ART CENTER & GARDENS, INC. XXX-XX-XXXX SHALL BE CHAIRED BY THE VICE PRESIDENT/PRESIDENTELECT. THE BOARD MANAGEMENT AND NOMINATING COMMITTEE SHALL MAKE RECOMMENDATIONS TO THE BOARD OF QUALIFIED PERSONS TO FILL ANY VACANCY ON THE BOARD, ANY COMMITTEE, OR ANY OFFICE, AND SHALL BE RESPONSIBLE FOR THE MANAGEMENT AND DEVELOPMENT OF THE BOARD. THE STRATEGIC PLANNING COMMITTEE WILL BE RESPONSIBLE FOR LONGTERM AND STRATEGIC PLANNING OF THE CORPORATION, AND SUCH OTHER DUTIES AS THE BOARD SHALL DETERMINE FROM TIME TO TIME. FORM 990, PART VI, SECTION A, LINE 2 GERALD STADTMUELLER, ELIZABETH SMITH, PIERCE SMITH AND CATHERINE LUTHER ARE RELATED FAMILY MEMBERS. TRISHA CASTLES'S HUSBAND HAS A BUSINESS RELATIONSHIP WITH THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 4 ADDITIONAL COMMITTEES WERE DETAILED OUT IN THE AMENDED BYLAWS INCLUDING THEIR COMPOSITION, THEIR PURPOSE AND THEIR NUMBER OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 6 THE NUMBER, QUALIFICATION, AND CLASSIFICATION OF MEMBERS OF THE PAINE ARE AS FOLLOWS: FOUNDING MEMBERS - THE ORIGINAL FOUNDING MEMBERS CHARTER MEMBERS - THE ORIGINAL ASSOCIATE MEMBERS WHO WERE APPOINTED BY THE FOUNDING MEMBERS. LIFE MEMBERS - CONTINUE AS MEMBERS FOR LIFE IN RECOGNITION OF THEIR SINGULAR CONTRIBUTION TO THE PURPOSE OF THE ORGANIZATION. HONORARY MEMBERS - THOSE INDIVIDUALS AND ORGANIZATIONS WHO, IN THE JUDGEMENT OF THE BOARD OF TRUSTEES, HAVE MADE OUTSTANDING AND MEANINGFUL CONTRIBUTIONS TO THE PURPOSE OF THE ORGANIZATION. CORPORATION MEMBERS - THOSE INDIVIDUALS CURRENTLY SERVING, BY MEANS OF ELECTION OR APPOINTMENT, AS TRUSTEES OF THE BOARD. GENERAL MEMBERS - THOSE WHO ARE CURRENT IN MEMBERSHIP BY HAVING PAID FOR OR RECEIVED ANNUAL MEMBERSHIP BENEFITS FOR ADMISSION AND ENJOYMENT OF THE PAINE. CORPORATION MEMBERS SHALL BE THE ONLY MEMBERS OF THE PAINE WITH VOTING RIGHTS AND EACH SUCH CORPORATION MEMBER SHALL BE ENTITLED TO ONE VOTE AT ANY MEETING OF THE CORPORATION MEMBERS. ALL OTHER MEMBERSHIP CATEGORIES SET FORTH ABOVE SHALL HAVE NO VOTING RIGHTS, NO RIGHT TO ATTEND MEETINGS, NOR ANY OTHER RIGHTS RELATING TO THE PAINE. MEMBERS IN ALL MEMBERSHIP CATEGORIES SHALL BE ADMITTED TO ANY EXHIBIT OR FUNCTION SPONSORED BY THE PAINE AND SHALL HAVE ACCESS TO THE PAINE'S RESEARCH MATERIALS OR FACILITIES SUBJECT TO REASONABLE RESTRICTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY INDEPENDENT AUDITORS, CLIFTONLARSONALLEN LLP, WHICH IN TURN PRESENTED THE FORM TO THE FINANCIAL OFFICER OF THE ORGANIZATION, DORIS PEITZ, WHO REVIEWED THE FORM AND THEN PRESENTED IT TO THE EXECUTIVE DIRECTOR OF THE ORGANIZATION, AARON SHERER, FOR HIS REVIEW. THE PUBLIC DISCLOSURE VERSION OF THE FORM 990 WAS THEN PRESENTED TO THE BOARD'S FINANCE COMMITTEE, A VOLUNTEER COMMITTEE WHOSE MEMBERS MUST BE ELECTED BY THE BOARD. THE PUBLIC DISCLOSURE VERSION OF THE FORM 990 WAS ALSO PRESENTED TO THE BOARD FOR THEIR APPROVAL PRIOR TO BEING FILED WITH THE INTERNAL REVENUE SERVICE FORM 990, PART VI, SECTION B, LINE 12C EACH MEMBER OF THE ORGANIZATION'S BOARD OF TRUSTEES, OFFICERS, STAFF AND APPROPRIATE VOLUNTEERS (AS DETERMINED BY THE EXECUTIVE DIRECTOR) WILL COMPLETE A CONFLICT OF INTEREST AND DISCLOSURE STATEMENT AT THE TIME OF THEIR ELECTION, HIRING OR THE BEGINNING OF THEIR SERVICE TO THE ORGANIZATION. SUCH INDIVIDUAL WILL UPDATE THE EXISTING STATEMENT OR COMPLETE AND SIGN A NEW CONFLICT OF INTEREST AND DISCLOSURE STATEMENT IF, AT ANY TIME DURING THEIR SERVICE TO THE PAINE, CIRCUMSTANCES CHANGE THAT WOULD WARRANT A NEW STATEMENT. STAFF SHALL DISCLOSE ANY POSSIBLE CONFLICTS OF INTEREST TO THE EXECUTIVE DIRECTOR; THE BOARD OF TRUSTEES AND EXECUTIVE DIRECTOR SHALL DISCLOSE ANY POSSIBLE CONFLICTS OF INTEREST TO THE PRESIDENT OF THE BOARD OF TRUSTEES (OR IF HE OR SHE IS THE ONE WITH THE CONFLICT THEN TO THE BOARD VICE PRESIDENT), WHO SHALL DETERMINE WHETHER A CONFLICT EXISTS. TRANSACTIONS WITH PARTIES WITH WHOM A CONFLICTING INTEREST EXISTS MAY BE UNDERTAKEN ONLY IF ALL THE FOLLOWING ARE OBSERVED: 1. THE CONFLICTING INTEREST IS FULLY DISCLOSED; 2. THE PERSON WITH THE CONFLICT OF INTEREST IS EXCLUDED FROM THE DISCUSSION AND APPROVAL OF SUCH TRANSACTIONS; 3. A COMPETITIVE BID OR COMPARABLE VALUATION EXISTS; AND 4. THE EXECUTIVE DIRECTOR OF THE BOARD OF TRUSTEES (FOR BOARD OF TRUSTEES AND EXECUTIVE DIRECTOR) OR THE ADMINISTRATION TEAM (FOR STAFF) HAS DETERMINED THAT THE TRANSACTION IS IN THE BEST INTEREST OF THE ORGANIZATION AND THAT THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND REASONABLE TO THE PAINE ART CENTER & GARDENS. THE DECISION OF THE EXECUTIVE COMMITTEE AND THE ADMINISTRATIVE TEAM ON THESE MATTERS WILL REST IN THEIR SOLE DISCRETION, AND THE CONCERN MUST BE THE WELFARE OF THE PAINE ART CENTER & GARDENS AND THE ADVANCEMENT OF ITS MISSION AND VISION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR TOP OFFICIAL: THE PAINE'S BY-LAWS STIPULATE THAT THE EXECUTIVE COMMITTEE OF THE BOARD SHALL BE RESPONSIBLE FOR THE PERFORMANCE REVIEW AND OVERSIGHT OF THE EXECUTIVE DIRECTOR AND SUCH OTHER PERSONNEL MATTERS RELATING TO THE EXECUTIVE DIRECTOR AS REQUIRES IMMEDIATE ACTION. THE EXECUTIVE DIRECTOR IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE, THE EXECUTIVE DIRECTOR'S COMPENSATION IS ADJUSTED ACCORDINGLY THROUGH THIS PROCESS. THE EXECUTIVE COMMITTEE REVIEWS AVAILABLE SALARY SURVEYS OF COMPARABLE ORGANIZATIONS IN DETERMINING THE COMPENSATION. COMPENSATION PROCESS FOR OFFICERS: THE EXECUTIVE DIRECTOR IS RESPONSIBLE FOR REVIEWING AND ADJUSTING THE COMPENSATION OF KEY EMPLOYEES. THE PERFORMANCE AND COMPENSATION OF KEY EMPLOYEES IS REVIEWED ANNUALLY BY THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR REVIEWS AVAILABLE SALARY SURVEYS OF COMPARABLE ORGANIZATIONS IN DETERMINING COMPENSATION. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PROVIDES COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST.