2025-10-10T13:09:41-05:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 6565 AMERICAS PARKWAY NE STE 600 ALBUQUERQUE NM 87110 990 2024-01-01 850437114 GEORGIA O'KEEFFE MUSEUM GEOR 5059461000 217 JOHNSON STREET SANTA FE NM 87501 CODY HARTLEY MUSEUM DIRECTOR 5059461000 2025-10-10 1 1 STEVEN TALBOT P01695427 5058787200 2025-10-10 2024 2025-03-06 01:10:19Z CODY HARTLEY 217 JOHNSON STREET SANTA FE NM 87501 26451641 0 X WWW.OKEEFFEMUSEUM.ORG X 1995 NM THE GEORGIA O'KEEFFE MUSEUM CELEBRATES THE ART, LIFE AND INDEPENDENT SPIRIT OF GEORGIA O'KEEFFE. 35 35 152 50 423523 4193 10463922 1824978 3589962 3841575 2070625 3767946 1251737 1472036 17376246 10906535 4000000 0 0 0 6603235 7298233 0 0 1025905 3556048 3617927 14159283 10916160 3216963 -9625 133452021 137856831 1769533 1786084 131682488 136070747 X THE GEORGIA O'KEEFFE MUSEUM CELEBRATES THE ART, LIFE AND INDEPENDENT SPIRIT OF GEORGIA O'KEEFFE. 0 0 8238105 4699609 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. 8238105 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 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 80 0 1 152 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 35 35 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 X 0 0 0 DIANE BUCHANAN TRUSTEE 2.30 X 0 0 0 CIRA CROWELL TRUSTEE 2.30 X 0 0 0 JULIE ENGLAND TRUSTEE 2.30 X 0 0 0 KRISTINA FORT TRUSTEE 2.30 X 0 0 0 ANNE FREDERICKS 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 D VEENA PARBOTEEAH TRUSTEE 2.30 X 0 0 0 ELISA STUDE PYE 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 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 371516 0 23925 JUDY SCHARMER CHIEF FINANCIAL OFFICER 40.00 5.00 X 195979 0 9170 JENNIFER FOLEY DEPUTY DIRECTOR FOR COLLECTIONS/ENGAGEMENT 40.00 X 164952 0 12346 BENJAMIN FINBERG SENIOR DIRECTOR OF OPERATIONS 40.00 X 170744 0 17526 COLLEEN KELLY DELAY SR DIR ADVANCEMENT & COMMUNICATION 40.00 X 203056 0 26163 SYLVIA LAROCQUE DIRECTOR OF HUMAN RESOURCES 40.00 X 130704 0 15949 ELIZABETH NEELY CURATOR OF DIGITAL EXPERIENCE 40.00 X 127774 0 16276 AGAPITA JUDY LOPEZ PROJECTS DIR., ABIQUIU HISTORIC PROPERTIES 40.00 X 104776 0 15275 1469501 0 136630 8 0 1 0 BRADBURY STAMM CONSTRUCTION 7110 2ND STREET NW ALBUQUERQUE NM 87107 CONSTRUCTION 287810 DAVID KORINS DESIGN INC PO BOX 4356 NEW YORK NY 10163 IMMERSIVE GALLERY CONSULTANT 280000 IMAGELAB GROUP LLC PO BOX 511603 LOS ANGELES CA 90051 RETAIL - ART ON DEMAND 142435 IRONEDGE GROUPPROVELOCITY PO BOX 34892 SAN ANTONIO TX 78265 IT SUPPORT 135514 RV KUHNS & ASSOCIATES INC PO BOX 84354 SEATTLE WA 98124 INVESTMENT MANAGER 120367 7 344444 262083 1218451 31509 1824978 ADMISSIONS 900099 2782993 2782993 TOURS 900099 762770 762770 RIGHTS AND REPRODUCTIONS 900099 204238 204238 PROGRAM FEES 900099 91574 91574 3841575 2458864 -154344 2613208 10359 10359 15814826 14505744 1309082 1309082 1309082 2475263 1039362 1435901 858034 577867 25776 25776 25776 10906535 4699609 423523 3958425 X 966158 153594 636760 175804 4990944 4094064 401938 494942 126943 81977 23865 21101 750550 661202 41478 47870 463638 349689 65897 48052 45156 45156 58962 58962 121364 121364 644424 600573 43851 104674 73272 31402 761339 619847 72094 69398 334929 276863 32661 25405 601046 525613 56170 19263 148639 83003 11424 54212 187902 185121 2781 275987 245420 23579 6988 SUPPLIES 250792 220551 14756 15485 MAINTENANCE AND REPAIRS 76578 61181 11863 3534 6135 6135 10916160 8238105 1652150 1025905 67834 8890 6479010 13297025 898589 862562 88667 98911 356670 283964 299730 285887 11522221 6703457 4551764 4818764 67718341 66480822 47647122 45551787 548527 730145 4795767 5438074 133452021 137856831 807798 883497 961735 902587 1769533 1786084 X 85902494 89879320 45779994 46191427 131682488 136070747 133452021 137856831 X -9625 5086844 -688960 X 0 1 X 1 0 X 4081608 2901288 2594082 6463922 1824978 17865878 4081608 2901288 2594082 6463922 1824978 17865878 6318063 11547815 2460805 1959071 2624746 2620728 2623567 12288917 217789 4193 221982 40429 12142 11880 25776 90227 30467004 17401986 0.37900 0.38500 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2021 AMOUNT: $ 40,429. 2022 AMOUNT: $ 12,142. 2023 AMOUNT: $ 11,880. 2024 AMOUNT: $ 25,776. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 91908691 2107059 4113199 5741137 92387812 92971180 3442952 4278070 8783511 91908691 99959356 3128979 -6808787 3308368 92971180 127040385 4011869 10620283 41713181 99959356 114429639 5337586 9546378 2273218 127040385 0.39440 0.60560 0 0 1104800 1104800 9302378 5920230 3382148 1115043 783227 331816 4818764 REAL ESTATE FUNDS 17257594 F PRIVATE EQUITY INVESTMENTS 25112188 F HEDGE FUNDS 3182005 F 45551787 LEASE LIABILITY 902587 902587 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, 2024 AND 2023 WAS $1,385,092 AND $1,360,448, 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 2024 AND 2023, THE MUSEUM PURCHASED ARTWORK FOR $766,464 AND $5,872,738, 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. 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, AND DISCLOSURE AND TRANSITION WAS ALSO PROVIDED. AS OF DECEMBER 31, 2024 AND 2023, 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 21234219 0 0 0 0 0 0 21234219 0 21234219 1 0 0 0 1 0 PART I, LINE 3: ACCRUAL X X X 1 0 0 0 0 0 0 1 0 CODY HARTLEY MUSEUM DIRECTOR 337217 0 34299 0 0 0 13720 0 10205 0 395441 0 0 0 COLLEEN KELLY DELAY SR DIR ADVANCEMENT & COMMUNICATION 202043 0 1013 0 0 0 8280 0 17883 0 229219 0 0 0 JUDY SCHARMER CHIEF FINANCIAL OFFICER 195000 0 979 0 0 0 7800 0 1370 0 205149 0 0 0 BENJAMIN FINBERG SENIOR DIRECTOR OF OPERATIONS 169924 0 820 0 0 0 7000 0 10526 0 188270 0 0 0 JENNIFER FOLEY DEPUTY DIRECTOR FOR COLLECTIONS/ENGAGEMENT 69798 0 0 0 95154 0 2870 0 9476 0 177298 0 0 0 PART I, LINE 4A AN EMPLOYEE LISTED IN PART II RECEIVED A ONE-TIME PAYMENT THAT INCLUDED COMPENSATION FOR ACCRUED BUT UNUSED VACATION TIME, AS WELL AS OTHER STANDARD COMPONENTS CONSISTENT WITH THE TERMS OF THE AGREEMENT. PART I, LINE 7 BONUS PAYMENTS WERE AWARDED AND APPROVED BY THE BOARD FOR THE DIRECTOR OF THE MUSEUM. THE BOARD ALSO APPROVED HOLIDAY BONUSES FOR THE STAFF IN 2024, RANGING ROUGHLY FROM $750 TO $1,000. X 1 0 X 2 31509 FMV X 5 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 THE HUMAN RESOURCES 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. PART IX, STATEMENT OF FUNCTIONAL EXPENSES TOTAL FUNDRAISING EXPENSES SHOWN ON THE GEORGIA O'KEEFFE MUSEUM FORM 990 ARE REFLECTED IN CONTRIBUTIONS MADE TO NOT JUST THE MUSEUM, BUT ALSO TO THE O'KEEFFE MUSEUM FOUNDATION. THE FOUNDATION IS PLAYING AN INTEGRAL ROLE IN THE DEVELOPMENT OF THE CAPITAL CAMPAIGN FOR A NEW MUSEUM FACILITY. HOWEVER, THE PERSONNEL AND INFRASTRUCTURE DEDICATED TO FUNDRAISING FOR BOTH ORGANIZATIONS ARE MOSTLY PART OF THE MUSEUM'S OPERATIONS. WHEN THE AMOUNTS FROM THEIR RESPECTIVE FORM 990'S ARE COMBINED, THE MUSEUM AND FOUNDATION HAD TOTAL CONTRIBUTIONS OF $6,155,980, AND TOTAL FUNDRAISING EXPENSES OF $1,336,656. FORM 990, PART XI, LINE 9: COLLECTION ITEMS PURCHASED BUT NOT CAPITALIZED -766,464. CHANGE IN ALLOWANCE FOR IMPAIRED PLEDGES 77,504. 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 0 0 1 0 0 0 0 0 0 1 1 1 1 1 0 1 0 0 THE O'KEEFFE MUSEUM FOUNDATION D 4535486 BALANCE SHEET RECEIVABLE