2025-05-14T10:15:26-05:00 2024-06-30 420714325 RSM US LLP 100 INTERNATIONAL DRIVE SUITE 400 BALTIMORE MD 21202 990 2023-07-01 526000162 BALTIMORE MUSEUM OF ART BALT 4435731849 10 ART MUSEUM DRIVE BALTIMORE MD 21218 CHRISTINE DIETZE BONANNO CHIEF OPERATING OFFICER 4435731849 2025-05-09 1 1 JULIA FLANNERY P00928918 4102469300 2025-05-09 2023 2025-03-06 01:10:19Z CHRISTINE DIETZE BONNANO 10 ART MUSEUM DRIVE BALTIMORE MD 21218 31482523 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. 38 38 248 45 42550 0 20076853 14467563 2025216 2331460 5114395 9472780 420302 260253 27636766 26532056 0 0 0 0 12623832 13360561 0 0 996563 28936809 13704983 41560641 27065544 -13923875 -533488 190851646 205294835 3937659 3909839 186913987 201384996 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 10694758 2285636 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 FY24, 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, AND RELEVANCE BY BRINGING FORWARD UNDERREPRESENTED VOICES AND STORIES THAT RESONATE BOTH LOCALLY AND GLOBALLY. KEY PROJECTS INCLUDED MAKING HER MARK: A HISTORY OF WOMEN ARTISTS IN EUROPE, 1400-1800, WHICH INCLUDED OVER 200 WORKS OF DIVERSE MEDIA AND SCALE EXCLUSIVELY MADE BY WOMEN OR TOWARD WHICH WOMEN CONTRIBUTED THEIR LABOR. FROM ROYAL PORTRAITS AND DEVOTIONAL SCULPTURES TO EMBROIDERED OBJECTS, TAPESTRIES, COSTUMES, WAX SCULPTURES, METALWORK, CERAMICS, GRAPHIC ARTS, FURNITURE, AND MORE, MAKING HER MARK FEATURES OBJECTS FROM THE 15TH TO 18TH CENTURIES THAT REFLECT THE MULTIFACETED AND OFTEN OVERLOOKED WAYS THAT WOMEN CONTRIBUTED TO THE VISUAL ARTS OF EUROPE. ADDITIONALLY, THE BMA EXHIBITED JOYCE J. SCOTT: WALK A MILE IN MY DREAMS, THE SUMMATIVE CAREER RETROSPECTIVE OF ONE OF THE MOST PROLIFIC AND BOUNDARY-BREAKING ARTISTS OF OUR TIME. BORN IN BALTIMORE IN 1948, JOYCE J. SCOTT GRAPPLES WITH PROFOUND SOCIAL, HISTORICAL, RACIAL, ECONOMIC, AND PERSONAL CHALLENGES THAT CONCERN SOCIETY AT LARGE IN DAZZLING BEADWORK, SCULPTURE, TEXTILES, JEWELRY, PRINTMAKING, AND PERFORMANCEOTHER IMPORTANT PROJECTS INCLUDED: RAUL DE NIEVES: AND IMAGINE YOU ARE HERE, WHICH WAS THE SECOND PRESENTATION OF THE ROBERT E. MEYERHOFF AND RHEDA BECKER BIENNIAL COMMISSION, AND FEATURES WORK IN THE BMA'S EAST LOBBY BY MULTIMEDIA ARTIST, PERFORMER, AND MUSICIAN RAUL DE NIEVES, INVITING VISITORS TO EXPLORE THE WONDER, BEAUTY, AND CHAOS OF THE NATURAL WORLD THROUGH THE THEMES OF EMERGING AND BECOMING; ART/WORK: WOMEN PRINTMAKERS OF THE WPA, WHICH FEATURED A SELECTION OF APPROXIMATELY 50 PRINTS CREATED BY WOMEN PRINTMAKERS WHO GAVE VISUAL FORM TO THE FRAUGHT STATE OF AMERICAN SOCIETY DURING THE LEAD UP TO WORLD WAR II, MADE THROUGH THE WORKS PROGRESS ADMINISTRATION'S FEDERAL ART PROJECT (WPA/FAP); HISTORIES COLLIDE: JACKIE MILAD X FRED WILSON X NEKISHA DURRETT, WHICH FOLLOWING AN OPEN CALL TO ARTISTS BASED IN MARYLAND AND NEIGHBORING STATES, NEKISHA DURRETT OF WASHINGTON, D.C. AND JACKIE MILAD OF BALTIMORE WERE SELECTED BY A JURY TO CREATE NEW WORKS IN DIALOGUE WITH FRED WILSON'S ARTEMIS/BAST (1992). DURRETT AND MILAD RESPONDED WITH COMPELLING PROPOSALS THAT ENGAGED WITH THE PROVOCATION: "WHAT IMAGES AND THOUGHTS EMERGE WHEN MYTHS AND HISTORIES COLLIDE?"THALHEIMER AND MAY GALLERIESMAKING HER MARK: A HISTORY OF WOMEN ARTISTS IN EUROPE, 1400-1800 OCTOBER 1, 2023 - JANUARY 7, 2024JOYCE J. SCOTT: WALK A MILE IN MY DREAMSMARCH 24 - JULY 14, 2024JOHN WATERS ROTUNDA GALLERYHISTORIES COLLIDE: JACKIE MILAD X FRED WILSON X NEKISHA DURRETTAPRIL 26, 2023 - MARCH 17, 2024CONTEMPORARY WINGMARTHA JACKSON JARVIS: WHAT THE TREES HAVE SEEN MAY 7 - OCTOBER 1, 2023RECASTING COLONIALISM: MICHELLE ERICKSON CERAMICSMAY 7 - OCTOBER 1, 2023 THE MATTER OF BARK CLOTHMAY 7 - OCTOBER 1, 2023TIONA NEKKIA MCCLODDEN: PLAY ME HOMESEPTEMBER 13, 2023 - MAY 12, 2024 EYEWINKERS, TUMBLETURDS, AND CANDLEBUGS: THE ART OF ELIZABETH TALFORD SCOTTNOVEMBER 12, 2023 - APRIL 28, 2024PDP GALLERYMATSUMI KANEMITSU: FIGURE AND FANTASY MAY 14 - OCTOBER 8, 2023ART/WORK: WOMEN PRINTMAKERS OF THE WPANOVEMBER 5, 2023 - JUNE 30, 2024 FISHER GALLERYWILD FORMS: FAUVE WOODCUTSMAY 14 - OCTOBER 15, 2023ETCHED IN MEMORY: MATISSE'S EARLY PORTRAITSNOVEMBER 5, 2023 - APRIL 21, 2024ASIAN WINGASIAN GALLERIES REINSTALLATIONSUMMER 2023 - CURRENTJOSEPH EDUCATION CENTERCENTER REINSTALLATIONFALL 2023 - CURRENT EAST LOBBYRAUL DE NIEVES: AND IMAGINE YOU ARE HERE ROBERT E. MEYERHOFF AND RHEDA BECKER BIENNIAL COMMISSIONNOVEMBER 19, 2023 - DECEMBER 2026EXCEPT FOR MAKING HER MARK AND JOYCE J. SCOTT, ALL EXHIBITIONS LISTED ABOVE WERE PRESENTED FREE TO THE PUBLIC. 7780000 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 LAST RENOVATION PROJECT COMPLETED WAS THE JOSEPH EDUCATION CENTER (JEC): OFFERING HANDS-ON INSTALLATIONS, ART-MAKING SPACES, AND ACTIVITIES. 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 AND A 24-HOUR SURVEILLENCE SYSTEM. 3658141 45824 EDUCATION & INTERPRETATIONBMA'S EDUCATION INITIATIVES AND PUBLIC PROGRAMS SERVED 37,243 FAMILIES, VISITORS, STUDENTS, TEACHERS, AND COMMUNITY RESIDENTS THROUGHOUT THE REGION. STUDENTS PARTICIPATED IN FIELD TRIPS, INCLUDING OUR 3RD GRADE MULTI-VISIT PROGRAM CLOSE ENCOUNTERS; FAMILIES PARTICIPATED IN PROGRAMS RANGING FROM BABY ART DATE TO OUR LARGE-SCALE COMMUNITY DAYS; AND ADULTS ATTENDED ARTIST TALKS, SCHOLARLY DISCUSSIONS, AND DYNAMIC PROGRAMMING SUCH AS ART AFTER HOURS. AS A RESULT OF THE NEWLY-OPENED JOSEPH EDUCATION CENTER IN DECEMBER, WE WELCOMED 2,751 FAMILIES AND ADULT VISITORS ALIKE TO OUR WEEKLY FREE FAMILY SUNDAYS ART-MAKING WORKSHOPS. AT THE BMA LEXINGTON MARKET LOCATION, 5,677 CHILDREN AND ADULT VISITORS VISITED OUR DROP-IN ARTMAKING AND ARTIST-FACILITATED WORKSHOPS. THE ART-TO-GO EDUCATOR RESOURCE WAS DISTRIBUTED VIA EMAIL TO OVER 3,200 EDUCATORS AROUND THE WORLD. ONLINE PROGRAMMING INCLUDED WIDELY-VIEWED MONTHLY JOSHUA JOHNSON COUNCIL (JJC) TALKS FEATURING BALTIMORE-BASED ARTISTS.SELF-GUIDED VISITORS AT THE BMA HAD ACCESS TO 43 IN-GALLERY LEARNING OPPORTUNITIES, INCLUDING AUDIO TOURS, TACTILE EXPERIENCES, AND PRINTED GUIDES. APPROXIMATELY 8,500 EXHIBITION ATTENDEES PARTICIPATED IN THE JOYCE J. SCOTT COMMUNITY WEAVING GALLERY ACTIVITY, WHILE NEARLY HALF OF THOSE ALSO CONTRIBUTED TO THE ELIZABETH TALFORD SCOTT MY DREAMS VISITOR RESPONSE WALL. THE BMA COLLABORATED WITH 24 ARTISTS ACROSS THE U.S. TO CREATE THESE RESOURCES. 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. AS A RESULT, COLLEGE STUDENT ATTENDANCE INCREASED BY NEARLY 200% IN FY24. 22132899 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 158 0 1 248 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 38 38 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 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 PAUL OOSTBURG SANZ 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 BEVERLY BENTLEY CARROLL 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 SAM CALLARD TRUSTEE 1.00 X 0 0 0 AMY ELIAS 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 PATRICIA LASHER 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 NUPUR PAREKH FLYNN 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 MARK SAUDEK TRUSTEE 1.00 X 0 0 0 KATHERINE SCHULZE 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 KWAME WEBB TRUSTEE 1.00 X 0 0 0 ASMA NAEEM EXECUTIVE DIRECTOR 40.00 X 359147 0 3835 CHRISTINE BONANNO CHIEF OPERATING OFFICER 40.00 X 248888 0 46426 KIMBERLY BOUNTRESS SENIOR DIRECTOR OF HUMAN RESOURCES 40.00 X 139071 0 32312 STACEY HUBBARD SENIOR DIRECTOR OF FINANCE 40.00 X 118690 0 38576 BEYZA AKCAM DIR OF INFO TECHNOLOGY 40.00 X 113318 0 40233 KATHERINE ROTHKOPF DIR, CTR FOR MATISSE STUDIES 40.00 X 116726 0 35409 KEVIN TERVALA CHIEF CURATOR 40.00 X 122682 0 15629 1218522 0 212420 10 0 1 0 THE WHITING-TURNER CONTRACTING COMPANY 300 E JOPPA RD BALTIMORE MD 21286 CONTRACTING SERVICES 1585656 QUINN EVANS ARCHITECTS PO BOX 30516 LANSING MI 48909 ARCHITECTURAL SERVICES 222459 SOUTHWAY BUILDERS INC 1318 EAST FORT AVE BALTIMORE MD 21230 CONTRACTING SERVICES 218586 CUSTOM COMMERICAL INTERIORS 3500 PARKDALE AVE D4 BALTIMORE MD 21211 CONTRACTING SERVICES 217902 ART & SOUND LLC 313 BIRKWOOD PLACE BALTIMORE MD 21218 ARTISTIC SERVICES 198140 6 522419 440529 6457349 7047266 135711 14467563 TRAVELING EXHIBITS 900099 1251597 1251597 PROGRAM REVENUE 900099 819229 819229 ADMISSIONS 900099 260634 260634 2331460 4110463 -75060 4185523 143754 0 143754 143754 143754 9127681 3765364 5362317 5362317 5362317 41471 440529 61730 -20259 -20259 976420 1123373 -146953 117610 -264563 PARKING REVENUE 900099 281200 281200 DEACCESSIONS 900099 2511 2511 283711 26532056 2331460 42550 9690483 751393 349898 383607 17888 9678229 7877507 1220859 579863 334038 250917 70229 12892 1853245 1539492 206252 107501 743656 580935 121352 41369 144287 139287 5000 92197 92197 79815 79815 36100 36100 441300 441300 282092 282092 444385 294378 90422 59585 3804831 3803719 1112 55378 31368 21563 2447 29948 24155 4443 1350 532054 532054 274469 274469 EXHIBITION & COLLECTION 4103503 4103503 ACCESSIONS 2007950 2007950 EDUCATION & ARTISTIC PR 409049 408370 679 967625 439328 354629 173668 27065544 22132899 3936082 996563 711362 1286719 502986 2494740 4665368 3958127 3414595 1064721 436695 392970 10131639 4788963 6068337 5342676 56333721 71229386 117277755 117951044 1440827 1574452 190851646 205294835 2168394 2555317 927606 562407 841659 792115 3937659 3909839 X 23712426 26407086 163201561 174977910 186913987 201384996 190851646 205294835 -533488 15004497 0 X 0 1 X 1 1 1 X 22122483 17446054 21203396 20076853 14467563 95316349 22122483 17446054 21203396 20076853 14467563 95316349 5309290 90007059 3928047 3110586 8682111 4427643 4110463 24258850 159704 64241 226881 344674 283711 1079211 120654410 9696060 0.74600 0.70880 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 FY24, MUSEUM STAFF, VOLUNTEERS, AND A PAID LOBBYIST COMMUNICATED WITH STATE AND LOCAL ELECTED OFFICIALS AND EMPLOYEES REGARDING 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 172849311 5364415 23487709 11814783 189886652 160561452 3376000 17487859 8576000 172849311 186729923 3692711 -22668474 7192708 160561452 136321528 6066695 52132727 7791027 186729923 129522704 5663427 4541913 3406516 136321528 0.12248 0.87752 0 0 100000 100000 7027807 3388886 3638921 2903452 1400077 1503375 100380 100380 5342676 HEDGE FUNDS OF FUNDS 15077 F PRIVATE EQUITY FUNDS 16201609 F VANGUARD INSTL INDEX FD (VINIX) 30220787 F VANGUARD RUSSELL 1000 GROWTH INDEX FUND (VRGWX) 21684745 F VANGUARD RUSSELL 1000 VALUE INDEX FUND (VRVIX) 22021237 F VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND (VTSNX) 27807589 F 117951044 PAYABLES UNDER SPLIT INTEREST AGREEMENT 792115 792115 X 42280356 15004497 15004497 27275859 441300 -1185103 -743803 26532056 27809347 1185103 1185103 26624244 441300 441300 27065544 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 -1,123,373. FUNDRAISING EXPENSES -61,730. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASSIFICATION OF COST OF GOODS SOLD 1,123,373. FUNDRAISING EXPENSES 61,730. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 5948918 0 0 0 0 0 0 5948918 0 5948918 1 0 1 1 1 0 BMA BALL 482000 440529 41471 29345 1000 31385 482000 440529 41471 29345 1000 31385 61730 -20259 X X X X 0 0 0 0 0 0 0 0 0 ASMA NAEEM EXECUTIVE DIRECTOR 359147 0 0 0 0 0 3250 0 585 0 362982 0 0 0 CHRISTINE BONANNO CHIEF OPERATING OFFICER 248888 0 0 0 0 0 19092 0 27334 0 295314 0 0 0 KIMBERLY BOUNTRESS SENIOR DIRECTOR OF HUMAN RESOURCES 139071 0 0 0 0 0 11470 0 20842 0 171383 0 0 0 STACEY HUBBARD SENIOR DIRECTOR OF FINANCE 118690 0 0 0 0 0 500 0 38076 0 157266 0 0 0 BEYZA AKCAM DIR OF INFO TECHNOLOGY 113318 0 0 0 0 0 10219 0 30014 0 153551 0 0 0 KATHERINE ROTHKOPF DIR, CTR FOR MATISSE STUDIES 116726 0 0 0 0 0 10709 0 24700 0 152135 0 0 0 X 441 EXCLUDED UNDER SFAS 116 X 22 135711 FMV 7 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).