2025-11-12T17:51:39-06:00 2024-12-31 420714325 RSM US LLP 30 South Wacker Dr Suite 3300 Chicago IL 606063392 990 2024-01-01 362167797 Kenneth C Griffin Museum of Science and Industry KENN 7736841414 5700 S DuSable Lake Shore Drive Chicago IL 606372093 A Chevy Humphrey President and CEO 7736841414 2025-11-08 1 1 Rebekuh Eley P01247672 3126343400 2025-11-03 2024 2025-03-06 01:10:19Z Griffin Museum of Science and Industry A Chevy Humphrey 5700 S DuSable Lake Shore Drive Chicago IL 606372093 285378654 0 X www.msichicago.org X 1933 IL The Kenneth C. Griffin Museum of Science and Industry's mission is to inspire the inventive genius in everyone, and its vision is rooted in the Museum's historic rotunda engraving: Science discerns the laws of nature, industry applies them to the needs of humankind. 85 84 417 200 1910626 0 28557784 23562202 21060481 21993865 2577282 15069712 6219322 5805813 58414869 66431592 0 0 0 0 23573609 24541778 102000 215400 3207475 33194910 37585224 56870519 62342402 1544350 4089190 422200833 433034472 52466054 50091882 369734779 382942590 X The Kenneth C. Griffin Museum of Science and Industry (the Museum), a 501(c)(3) corporation, is the largest science museum in the Western hemisphere and home to thousands of artifacts. For 90 years, the Museum has been a premier destination in Chicago, Illinois. The Museum's mission is to inspire the inventive genius in everyone, and its vision is rooted in the Museum's historic rotunda engraving: Science discerns the laws of nature, industry applies them to the needs of humankind. The Museum welcomes over 1.4 million guests annually and is the top Chicago museum field trip destination for students. Through its education programs, the Museum engages over half a million participants annually in science education programs. 0 0 35598467 0 16603274 Griffin MSI features world-class permanent exhibitions that inspire and excite guests and imbue interest in STE(A)M. In Science Storms, guests can experience the extraordinary science behind some of nature's most powerful and compelling phenomena. Visitors can step aboard the U-505 Submarine to learn about the only German U-boat captured during World War II, surrounded by historic artifacts and interactive activities. Guest can also take a real hoist 50 feet down to the Coal Mine, a reproduction of an Illinois mineshaft that first opened along with the Museum in 1933. One of the Musuem's newest acquisitions which debuted in 2024, the Space X Dragon, is featured in the Henry Crown Space Center, where guests can explore and understand the cosmos. And the Griffin Studio is an immersive multimedia space offering state-of-the-art technology to host dynamic and ever-changing exhibits. 8568521 0 942089 Educational Programs and Activities. Education at the museum occurs both inside the museum walls, and the community and schools surrounding the museum and beyond. Hands-on student programming such as labs, STEAM clubs, Girls in STEM events, career showcases, teacher professional development, maker space training, and camps are some of the ways the museum approaches reaching students and their ecosystem to ensure STEAM opportunities and exposure is at the forefront of what the museum does to prepare them for skills needed beyond school. 7034492 0 2836904 Museum and Operations, which include Program Support Services and Exhibit Maintenance. These expenses support the Museum's mission of inspiring the inventive genius in everyone by providing guests and teachers with integrated learning experiences and programming that is centered on exciting and interactive exhibits that help explain how science directly impacts our daily lives. 1444103 0 1848589 Retail and supporting services represent various program offerings that enhance the guest experience. These include the museum store, food services, and parking services. 1444103 0 1848589 52645583 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 157 0 1 417 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 85 84 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA FL IL MI MN NY OH PA RI UT VA WI X X Annie Palak 7736841414 5700 S DuSable Lake Shore Drive Chicago IL 606372093 A Chevy Humphrey President & CEO/Trustee 35.00 X X 806812 0 117067 David J Vitale Chairman/Trustee 1.00 X X 0 0 0 David A Fisher Treasurer/Trustee 1.00 X X 0 0 0 Michelle L Collins Secretary/Trustee 1.00 X X 0 0 0 Matthew J Boler Vice Chairman/Trustee 1.00 X X 0 0 0 Allan E Bulley Jr Vice Chairman/Trustee 1.00 X X 0 0 0 Frank M Clark Vice Chairman/Trustee 1.00 X X 0 0 0 Douglas M Cook Vice Chairman/Trustee 1.00 X X 0 0 0 Kent P Dauten Vice Chairman/Trustee 1.00 X X 0 0 0 Anthony B Davis Vice Chairman/Trustee 1.00 X X 0 0 0 Pedro DeJesus Jr Vice Chairman/Trustee 1.00 X X 0 0 0 Ann M Drake Vice Chairman/Trustee 1.00 X X 0 0 0 Joseph M Erlinger Vice Chairman/Trustee 1.00 X X 0 0 0 Robert A Livingston Vice Chairman/Trustee 1.00 X X 0 0 0 Barry L MacLean Vice Chairman/Trustee 1.00 X X 0 0 0 Duncan A MacLean Vice Chairman/Trustee 1.00 X X 0 0 0 DG Macpherson Vice Chairman/Trustee 1.00 X X 0 0 0 Robert F Pasin Vice Chairman/Trustee (until 7/8/24) 1.00 X X 0 0 0 Sheila A Penrose Vice Chairman/Trustee 1.00 X X 0 0 0 E Scott Santi Vice Chairman/Trustee 1.00 X X 0 0 0 Uma M Amuluru Trustee 1.00 X 0 0 0 Jeffrey R Applebaum Trustee 1.00 X 0 0 0 Pat A Basu Trustee 1.00 X 0 0 0 Cathy Birkeland Trustee 1.00 X 0 0 0 Doug Boersma Trustee 1.00 X 0 0 0 Barbara L Bowles Trustee 1.00 X 0 0 0 Stephanie Braming CFA Trustee 1.00 X 0 0 0 Byron T Brazier DMin Trustee 1.00 X 0 0 0 Chris Cartwright Trustee 1.00 X 0 0 0 Piyush Chaudhari Trustee 1.00 X 0 0 0 Andrew Clarke Trustee 1.00 X 0 0 0 Kelley Conway Trustee 1.00 X 0 0 0 Rita Sola Cook Trustee 1.00 X 0 0 0 Richard H Copans Trustee 1.00 X 0 0 0 Christopher M Crane Trustee (until 4/13/24) 1.00 X 0 0 0 Kevin Cross Trustee 1.00 X 0 0 0 Katherine C Doyle Trustee 1.00 X 0 0 0 James J Drury III Trustee 1.00 X 0 0 0 Joshua Earnest Trustee 1.00 X 0 0 0 Richard Edelman Trustee 1.00 X 0 0 0 Opella Ernest Trustee 1.00 X 0 0 0 W James Farrell Trustee 1.00 X 0 0 0 James T Glerum Jr Trustee 1.00 X 0 0 0 Catherine P Greenspon Trustee 1.00 X 0 0 0 Myetie Hamilton Trustee 1.00 X 0 0 0 Stephanie J Hickman Trustee 1.00 X 0 0 0 Steven Hunter Trustee 1.00 X 0 0 0 Justin Ishbia Trustee 1.00 X 0 0 0 Rashad R Johnson PE Trustee 1.00 X 0 0 0 Edward L Kaplan Trustee 1.00 X 0 0 0 Vikram Karnani Trustee 1.00 X 0 0 0 Michael P Krasny Trustee 1.00 X 0 0 0 H John Livingston Trustee 1.00 X 0 0 0 Tom McGuinness Trustee (until 6/19/24) 1.00 X 0 0 0 Robert S Murley Trustee 1.00 X 0 0 0 Daniela O'Leary-Gill Trustee 1.00 X 0 0 0 Louis V Pinkham Trustee (until 6/19/24) 1.00 X 0 0 0 John F Podjasek III Trustee 1.00 X 0 0 0 Jason Pritzker Trustee (until 11/06/24) 1.00 X 0 0 0 Allison P Ranney Trustee 1.00 X 0 0 0 Michael A Reinsdorf Trustee (until 6/19/24) 1.00 X 0 0 0 Michelle Russell Trustee 1.00 X 0 0 0 Manuel Sanchez Trustee 1.00 X 0 0 0 Smita N Shah Trustee 1.00 X 0 0 0 Virginia K Simmons Trustee 1.00 X 0 0 0 Melody A Spann-Cooper Trustee 1.00 X 0 0 0 Kristofer K Swanson Trustee 1.00 X 0 0 0 Shundrawn A Thomas Trustee 1.00 X 0 0 0 Leonard Wanger Trustee 1.00 X 0 0 0 Ralph Wanger Trustee 1.00 X 0 0 0 Ann C Williams Trustee 1.00 X 0 0 0 Elizabeth Ziegler Trustee 1.00 X 0 0 0 Charles K Bobrinskoy Life Trustee 1.00 X 0 0 0 John A Canning Jr Life Trustee 1.00 X 0 0 0 Lester Crown Life Trustee 1.00 X 0 0 0 William J Devers Jr Life Trustee 1.00 X 0 0 0 Dennis J FitzSimons Life Trustee 1.00 X 0 0 0 Jere D Fluno Life Trustee 1.00 X 0 0 0 William M Goodyear Life Trustee 1.00 X 0 0 0 James A Gordon Life Trustee 1.00 X 0 0 0 James R Kackley Life Trustee 1.00 X 0 0 0 John P Keller Life Trustee 1.00 X 0 0 0 Richard H Lenny Life Trustee (until 6/19/24) 1.00 X 0 0 0 Edward M Liddy Life Trustee 1.00 X 0 0 0 Walter E Massey PhD Life Trustee 1.00 X 0 0 0 Robert S Morrison Life Trustee 1.00 X 0 0 0 Terry E Newman Life Trustee 1.00 X 0 0 0 William A Osborn Life Trustee 1.00 X 0 0 0 Cindy Pritzker Life Trustee 1.00 X 0 0 0 James A Skinner Life Trustee 1.00 X 0 0 0 Eugene A Tracy Life Trustee 1.00 X 0 0 0 Arthur R Velasquez Life Trustee 1.00 X 0 0 0 David Woody VP - Exhibitions, Collections, CCO 35.00 X 368243 0 26253 Jonathan Assell VP - Chief Financial Officer 35.00 X 312669 0 46973 Laura Herrera VP - Chief Marketing & Revenue 35.00 X 236074 0 45973 Hsinghua Chen VP - Chief Administrative Officer 35.00 X 291800 0 12192 Jessica Chavez Ruth D. & Ken M. Davee VP, Education 35.00 X 263311 0 39573 Syeda Soofia VP - Chief of People and Culture 35.00 X 276815 0 47855 Dina Torrisi Martin VP - General Counsel 35.00 X 163093 0 31770 Robert Dipasquantonio AVP - Information Technology 35.00 X 203116 0 29725 Anne Rashford VP - Govt Affairs/Chief Bus Officer 35.00 X 234796 0 21849 Patricia Ward AVP - Exhibitions & Partnerships 35.00 X 176859 0 20656 3333588 0 439886 32 0 1 0 Titan Security Services LLC 616 W Monroe St Chicago IL 60661 Security 2535784 Midway Building Services 33 N LaSalle St Chicago IL 60602 Janitorial 2099941 Berglund Construction Co 8410 South Chicago Avenue Chicago IL 60617 Construction 1955725 Bridgewater Studio 125 S Racine Ave Chicago IL 60607 Exhibit Design & Manufacturing 1922732 Supply and Demand Studio Inc 15 Rue Du Faubourg Bromont Quebec CA J2L 0R8 Exhibit Design & Manufacturing 1882981 58 3237896 1717738 6696195 11910373 2182888 23562202 General Admissions 900099 12937959 12937959 Special Exhibits 900099 2877144 2877144 U-505 Exhibit 900099 1865880 1865880 Giant Dome Theater 900099 1221494 1221494 Coal Mine Exhibit 900099 768224 768224 2323164 2323164 21993865 6957912 6957912 545 545 1205776 559475 646301 646301 646301 225013137 292491 217086677 107151 7926460 185340 8111800 8111800 124645 1717738 962185 -837540 -837540 12675 8000 4675 4675 642355 223574 418781 221229 197552 Parking & Guest Srvs 900099 2272185 2272185 Food Court 722514 2020779 2020779 1280087 236991 1043096 5573051 66431592 22230856 1910626 18727908 X 2866524 1764469 729599 372456 16807590 13234312 2019325 1553953 611603 466262 85455 59886 2750710 1974586 441579 334545 1505351 1147621 210332 147398 143025 143025 179184 179184 123723 123723 215400 215400 662073 662073 7911224 7280744 551430 79050 2614902 2612872 2030 760876 709671 19395 31810 1304463 916557 327908 59998 1600000 1471305 128695 966929 656916 136472 173541 607131 607131 11607816 11175314 432502 640900 589350 51550 Building Maintenance 3430203 3273233 156970 Exhibit Fab. & Maint. 2250627 2250627 Program Development 1857771 1704585 2864 150322 Bank & Credit Card Fees 175893 149522 26371 748484 660506 60892 27086 62342402 52645583 6489344 3207475 3058266 3245388 49064798 52232958 8424988 4982082 1869533 2394323 86055 157152 3104311 2112262 435227854 286434040 149229506 148793814 122232340 142281366 81633763 73112654 3497273 3722473 422200833 433034472 7768798 6496621 13927485 12589370 29691639 29705993 1078132 1299898 52466054 50091882 X 300846236 318208919 68888543 64733671 369734779 382942590 422200833 433034472 X 4089190 10010860 -892239 X 0 1 X 1 1 1 X 40815795 126650878 31261691 22840907 18726315 240295586 5439338 5134940 6189564 5716877 4835887 27316606 46255133 131785818 37451255 28557784 23562202 267612192 267612192 2941681 5587751 5610402 7169053 6958457 28267344 0 1000 0 0 4675 5675 262468 2376052 1731183 649389 236991 5256083 301141294 94053428 0.88870 0.90190 X Schedule A, Part II, Line 10, Explanation of Other Income: Miscellaneous Revenue - 2020 Amount: $ 256,139. 2021 Amount: $ 286,307. 2022 Amount: $ 257,968. 2023 Amount: $ 649,389. 2024 Amount: $ 236,991. Film Lease Revenue - 2020 Amount: $ 6,329. 2021 Amount: $ 1,875. 2022 Amount: $ 0. 2023 Amount: $ 0. 2024 Amount: $ 0. Employee Retention Credit - 2020 Amount: $ 0. 2021 Amount: $ 2,087,870. 2022 Amount: $ 1,473,215. 2023 Amount: $ 0. 2024 Amount: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 123723 123723 0 Part II-B, Line 1: The National Group (TNG) represents The Kenneth C. Griffin Museum of Science and Industry in government and other policy-making forums. They work to influence decision-makers by advocating for the interests of the Museum. TNG works to build relationships with elected officials, bureaucrats, and other stakeholders to promote the Museum's interests. X 0 24555079 21213 2606721 920000 26263013 21294019 766203 3382417 887560 24555079 25583763 158044 -3459505 988283 21294019 23542145 787500 2167118 913000 25583763 20406762 2257080 1538151 659848 23542145 0.00000 0.94000 0.06000 0 0 230211913 124077261 106134652 19326121 15213129 4112992 185689820 147143650 38546170 148793814 Equity Funds 73112654 F 73112654 Asset Retirement Obligation 505829 Funds on Deposit 418682 Supplemental Retirement Plans 270152 Interest Payable 105235 1299898 X 77299094 10010860 573813 -808332 9776341 67522753 662073 -1753234 -1091161 66431592 64091283 573813 1753234 2327047 61764236 662073 -83907 578166 62342402 Part III, Line 1a: The Museum's permanent collections, which were acquired since the Museum's inception through purchases and contributions from benefactors, are not recognized as assets on the statements of financial position. Purchases of collection items are recorded as decreases in net assets without donor restrictions in the year in which the items are acquired or as decreases in net assets with donor restrictions if the assets used to purchase the items were restricted by donors. The Museum's collections are made up of artifacts of historical significance, scientific specimens and art objects that are held for educational, research, scientific and curatorial purposes. Each of the items is cataloged, preserved and cared for, and activities verifying the items' existence and assessing their condition are performed continuously. The collections are subject to the Museum's policy that requires proceeds from their sales to be used for direct care of existing artifacts or acquire other items for collections. Part III, Line 4: The Museum's collection - with almost 40,000 objects that showcase advances in science, industry and technology - serves to create spectacular exhibits and experiences that excite and inspire Museum guests and further the Museum's mission and vision. Remarkable artifacts in the collection include the 700-ton U-505 submarine; a real United 727 airplane; the Pioneer Zephyr, the train that set the speed record in 1934; a British Spitfire WWII plane; a collection of carefully preserved human anatomical slices and fetuses; and much more. The Museum's collections are designed to spark scientific inquiry and creativity to motivate children to achieve their full potential in science, technology, medicine and engineering in furtherance of the Museum's exempt purpose. Part V, Line 4: The organization's endowment funds are meant to serve as a source of financial support of the Museum's mission. A portion of annual endowment earnings are used to support museum general operations. Earnings are directed to specific elements of the Museum's operations as directed by donor restrictions on respective contributions to the endowment. Part X, Line 2: The Financial Accounting Standards Board (FASB) issued guidance requiring tax effects from uncertain tax positions to be recognized in the financial statements only if the position is more likely than not to be sustained should the position be challenged by a taxing authority. Management believes that there are no material uncertain positions that require recognition in the financial statements. There are no tax positions for which a material change in any unrecognized tax benefit or liability is reasonably possible in the next 12 months. The Museum has federal net operating loss carryforwards available to offset future unrelated business taxable income. The net operating loss carryforwards expire through 2044 and total approximately $2,037,000 and $2,035,000 at December 31, 2024 and 2023, respectively. As of December 31, 2024 and 2023, management has determined the likelihood of realizing the benefit from a future utilization of the net operating loss carryforwards is uncertain. Therefore, a 100% valuation allowance has been applied to the deferred tax assets associated with the net operating loss carryforwards of approximately $621,000 and $620,000 at December 31, 2024 and 2023, respectively. The Museum files Form 990 in the U.S. federal jurisdiction and the State of Illinois. Part XI, Line 2d - Other Adjustments: Change in Value of Life Insurance Policy 16,531. Uncollectible Pledges -700,000. Change in Value of Asset Retirement Obligation 15,710. Change in Value of Interest Rate Swap 78,499. Bad Debt Expense 83,907. Loss on Debt Extinguishment -302,979. Part XI, Line 4b - Other Adjustments: Rental Expenses -559,475. Cost of Goods Sold -223,574. Fundraising Expenses -962,185. Gaming Expenses -8,000. Part XII, Line 2d - Other Adjustments: Rental Expenses 559,475. Cost of Goods Sold 223,574. Fundraising Expenses 962,185. Gaming Expenses 8,000. Part XII, Line 4b - Other Adjustments: Bad Debt Expense -83,907. X X X X X X X 1 Alexander Ross Group LTD 2406 Prairie Avenue Evanston IL 60201 Strategic and tactical fundraising counsel 0 0 215400 0 215400 CA FL IL MI NY PA UT WI MN OH VA RI Black Creativity Gala 695683 628758 66925 16000 168588 12200 253601 Columbia Ball 1146700 1088980 57720 7000 164136 124278 216382 0 1842383 1717738 124645 23000 332724 136478 469983 962185 -837540 X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 A Chevy Humphrey President & CEO/Trustee 623827 0 180000 0 2985 0 81772 0 35295 0 923879 0 0 0 David Woody VP - Exhibitions, Collections, CCO 288603 0 35000 0 44640 0 9257 0 16996 0 394496 0 0 0 Jonathan Assell VP - Chief Financial Officer 300169 0 12500 0 0 0 9019 0 37954 0 359642 0 0 0 Syeda Soofia VP - Chief of People and Culture 250859 0 25000 0 956 0 8303 0 39552 0 324670 0 0 0 Hsinghua Chen VP - Chief Administrative Officer 246800 0 45000 0 0 0 8077 0 4115 0 303992 0 0 0 Jessica Chavez Ruth D. & Ken M. Davee VP, Education 242960 0 20000 0 351 0 5913 0 33660 0 302884 0 0 0 Laura Herrera VP - Chief Marketing & Revenue 225727 0 10000 0 347 0 7491 0 38482 0 282047 0 0 0 Anne Rashford VP - Govt Affairs/Chief Bus Officer 195986 0 35000 0 3810 0 7000 0 14849 0 256645 0 0 0 Robert Dipasquantonio AVP - Information Technology 187231 0 14000 0 1885 0 6720 0 23005 0 232841 0 0 0 Patricia Ward AVP - Exhibitions & Partnerships 169066 0 7793 0 0 0 5667 0 14989 0 197515 0 0 0 Dina Torrisi Martin VP - General Counsel 152007 0 10000 0 1086 0 4846 0 26924 0 194863 0 0 0 Part I, Line 1a The organization provided a housing allowance for David Woody in calendar year 2024. This is included as taxable compensation on Schedule J, Part II. The organization provided social club dues as a nontaxable benefit for the CEO in calendar 2024, for purposes of conducting professional and networking meetings to advance the mission of the Museum. Part I, Line 4b Eligible executives participate in non-qualified deferred compensation plans organized under code Section 457(f). Contributions to the 457(f) plan during 2024 include: A. Chevy Humphrey - $75,000 A Illinois Finance Authority Revenue Refunding Bond Series 2024 861091967 000000000 2024-04-11 30000000 See Part VI 0 0 0 A 30000000 30000000 2010 1 1 1 1 A 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 1 1 1 0 0 0 1 A 1 Date Rebate Computation Performed Issuer Name: Illinois Finance Authority Revenue Refunding Bond, Series 2024 Date the Rebate Computation was Performed: 04/11/2024 Schedule K, Part I, Bond Issues, column (f): The purpose of the 2024 series bond was to refinance the 2017A and 2017B series bonds, which refinanced prior tax-exempt and taxable obligations, which were used to fund capital expenditures across the museum, including exhibitions and facility improvements. Schedule K, Part II, Proceeds, Line 13: One April 11, 2024, the bonds were used to refund the Series 2017A and 2017B bonds. X 11302 2182888 Market value 0 0 1 0 Part I, Column (b): Column (b) represents the number of items contributed. For line 9, column (b) represents the number of shares contributed. Form 990, Part VI, Section A, line 2 Jason Pritzker and Cindy Pritzker have a family relationship. John A. Canning, Jr. and John F. Podjasek III have a family relationship. Barry L. MacLean and Duncan A. L. MacLean have a family relationship. Lester Crown and Michael A. Reinsdorf have a business relationship outside of the Museum. William M. Goodyear and David A. Fisher serve on a board outside of the Museum. Edward M. Liddy and William A. Osborn serve on a board outside of the Museum. Barry L. Maclean, Duncan A. L. Maclean, and Smita N. Shah have a business relationship outside of the Museum. Barry L. Maclean and Duncan A. L. Maclean serve on a board outside of the Museum. E. Scott Santi and DG Macpherson serve on a board outside of the Museum. Ralph Wanger and Leonard Wanger have a family relationship. Richard H. Lenny and E. Scott Santi serve on a board outside of the Museum. E. Scott Santi and Sheila A. Penrose serve on a board outside of the Museum. Form 990, Part VI, Section B, line 11b The Museum's Form 990 is prepared by an external public accounting firm who provides drafts for internal review. After the internal review, these drafts are updated, and a final draft is reviewed by the Chairperson of the Audit Committee and is made available to the Trustees electronically for their review, prior to electronically filing with the Internal Revenue Service. Form 990, Part VI, Section B, line 12c The Museum formally sends a conflict of interest questionnaire annually to trustees, officers and employees. The Museum's compliance officer reviews the results of the questionnaires and investigates any reported potential conflicts for resolution as necessary. From time to time, the Museum conducts business with publicly traded companies at which certain Museum board members have an employment or board relationship. Business with these companies is entered into at arms-length and through the Museum's standard procurement process without influence from the interested board member(s). Any conflicts are resolved when interested board members excuse themselves when voting on matters related to the public company in which they serve. Form 990, Part VI, Section B, line 15 The Compensation Committee of the Board of Directors oversees and approves the compensation for the CEO. All members of the Compensation Committee are independent. The process consists of: 1. The Compensation Committee meets annually to review and make decisions on CEO compensation. 2. Individual performance is evaluated against goals and objectives that support the Museum's mission and strategic priorities. 3. From time to time, HR prepares a compensation benchmark analysis consisting of peer institutions to ensure executive compensation remains competitive within industry and reasonable. 4. Each year, the Museum's leadership team determines if merit increases will be awarded to Museum staff. The VP, Chief of People and Culture facilitates and drives this process to ensure consistency and fairness across the Museum. 5. The process is contemporaneously documented. Form 990, Part VI, Section C, line 18 The Museum posted a copy of its Form 990 on its website and made copies of Form 990 and 990-T publicly available upon request. As the Museum filed the application for recognition of exemption, Form 1023 before July 15, 1987, it need not be made publicly available. Form 990, Part VI, Section C, line 19 The Museum's annual report and the financial statements are made available to the public via the Museum's website and upon request, respectively. Governing documents and conflict of interest policy are available to the public upon request for the same period of disclosure as set forth in IRC section 6104(d). Form 990, Part IX, line 11g Consultants: Program service expenses 3,483,765. Management and general expenses 333,994. Fundraising expenses 78,805. Total expenses 3,896,564. Security Services: Program service expenses 2,380,738. Management and general expenses 8,086. Fundraising expenses 245. Total expenses 2,389,069. Janitorial Services: Program service expenses 1,726,822. Management and general expenses 320. Fundraising expenses 0. Total expenses 1,727,142. All Other Professional Fees: Program service expenses -310,581. Management and general expenses 209,030. Fundraising expenses 0. Total expenses -101,551. Form 990, Part XI, line 9: Change in Value of Life Insurance Policy 16,531. Uncollectible Pledges -700,000. Change in Value of Asset Retirement Obligation 15,710. Change in Value of Interest Rate Swap 78,499. Loss on Debt Extinguishment -302,979.