2025-05-15T11:05:44-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 1188 PADRE DRIVE STE 101 SALINAS CA 93901 990 2023-07-01 941534563 MONTEREY MUSEUM OF ART MONT 8313725477 559 PACIFIC STREET MONTEREY CA 93940 COREY MADDEN EXECUTIVE DIR. 8313725477 2025-05-12 1 0 RAE GULARTE P01323216 8317596300 2025-05-12 2023 2025-03-06 01:10:19Z COREY MADDEN 559 PACIFIC STREET MONTEREY CA 93940 4591069 0 X WWW.MONTEREYART.ORG X 1959 CA THE MONTEREY MUSEUM OF ART IS A COLLABORATIVE CENTER WHERE ART AND COMMUNITY ENGAGE. 13 13 30 35 0 0 1751676 2155355 82963 92863 395368 531409 -84455 -120433 2145552 2659194 0 0 0 0 1446618 1912382 0 0 780597 1274971 1361789 2721589 3274171 -576037 -614977 11957131 12955328 890523 2218523 11066608 10736805 X THE MONTEREY MUSEUM OF ART CULTIVATES CURIOSITY IN THE VISUAL ARTS AND ENGAGES COMMUNITY WITH THE DIVERSITY OF CALIFORNIA ART - PAST, PRESENT, AND FUTURE. 0 0 1821809 0 120788 FOUNDED IN 1959, THE MONTEREY MUSEUM OF ART (MMA) COLLECTS, PRESERVES, EXHIBITS, AND ENGAGES VISITORS WITH A DIVERSE COLLECTION OF CALIFORNIA ART IN ORDER TO IMPROVE THE CULTURAL, CREATIVE AND CIVIC LIFE OF MONTEREY COUNTY. SERVING MORE THAN 26,000 VISITORS ANNUALLY, MMA IS ACCREDITED BY THE AMERICAN ALLIANCE OF MUSEUMS AND ORGANIZES 3 SEASONS OF EXHIBITIONS ANNUALLY FEATURING HISTORIC, MODERN, AND CONTEMPORARY CALIFORNIA ARTISTS OF VARIED EXPERIENCES AND DISCIPLINES. MMA CONTINUES TO STRENGTHEN AND DEEPEN ITS PERMANENT COLLECTION OF MORE THAN 8,000 WORKS THAT REPRESENT CALIFORNIA'S ARTIST POPULATION AND THEIR VARIED PRACTICES. IN ADDITION, THE MUSEUM COMMISSIONS LOCAL ARTISTS, ENGAGES GUESTS CURATORS AND PUBLISHES EXHIBITION CATALOGUES. THANKS TO INDIVIDUAL AND GRANT FUNDING THE MUSEUM PROVIDES FREE ADMISSION AND ARTS EDUCATION AND ENGAGEMENT PROGRAMS TO MORE THAN 12,000 CHILDREN, FAMILIES AND ADULTS AT THE MUSEUM AND IN LOCATIONS ACROSS THE COUNTY. KEY PROGRAMS INCLUDE MMA'S SCHOOL VISITS PROGRAM ALIGNED TO STATE AND NATIONAL LEARNING STANDARDS TO SUPPORT CLASSROOM LEARNING; FREE FAMILY FUN DAYS AND FIRST FRIDAYS, WHICH OFFER INFORMAL ARTS LEARNING TO FAMILIES AND YOUNG ADULTS; TWO MAJOR PARTICIPATORY ARTS FESTIVALS MMA'S BLOCK PARTY AND ITS WINTER FESTIVAL, ILUMINADO THAT ATTRACT THOUSANDS OF FIRST-TIME VISITORS TO THE MUSEUM AND PROMOTE MANY LOCAL ARTISTS AND ARTS NON-PROFITS. THROUGHOUT THE YEAR MMA OFFERS DOCENT TOURS, ARTIST TALKS AND WORKSHOPS, AS WELL AS DOZENS OF CULTURAL AND SOCIAL EVENTS. 1821809 1 1 0 0 0 0 0 1 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 18 0 1 30 1 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X JENNIFER WAGNER 8313725477 559 PACIFIC STREET MONTEREY CA 93940 THOMAS DONNELLY PRESIDENT 1.00 X X 0 0 0 JOHN GREENWALD PRESIDENT EMERITUS 1.00 X X 0 0 0 LISA RHEINHEIMER TREASURER 1.00 X X 0 0 0 ADRIANA HAYWARD SECRETARY 1.00 X X 0 0 0 LILA THORSEN TRUSTEE 1.00 X 0 0 0 MONIKA CAMPBELL TRUSTEE 1.00 X 0 0 0 CAROLINE SCOTT LOW TRUSTEE 1.00 X 0 0 0 KRISTEN HUSTON TRUSTEE 1.00 X 0 0 0 HEIDI QUINN TRUSTEE 1.00 X 0 0 0 LYDIA GRAHAM TRUSTEE 1.00 X 0 0 0 LAURA GAMBLE TRUSTEE 1.00 X 0 0 0 DEBORAH SILGUERO TRUSTEE 1.00 X 0 0 0 ERIC C SMITH TRUSTEE 1.00 X 0 0 0 WILLIAM G HYLAND TRUSTEE EMERITUS 1.00 X 0 0 0 CRAIG L JOHNSON TRUSTEE EMERITUS 1.00 X 0 0 0 COREY MADDEN EXECUTIVE DIR. 40.00 X 185098 0 24793 185098 0 24793 1 0 1 0 0 467441 1687914 29248 2155355 ADMISSIONS & MEMBERSHIPS 713990 47707 47707 LECTURES/CLASSES/WORKSHOP 713990 30906 30906 ART LENDING 713990 10000 10000 FACILITY FEES 713990 4250 4250 92863 183842 183842 2118630 1771063 347567 347567 347567 100 467441 148458 -148358 -148358 17429 12354 5075 5075 INSURANCE CLAIM PROCEEDS 900099 22850 22850 22850 2659194 120788 0 383051 220864 99389 55216 66259 1372712 750798 194697 427217 31589 18784 2706 10099 174300 101020 17910 55370 112917 63971 13533 35413 38268 34673 3595 53288 53288 72910 72910 55653 43443 6731 5479 40873 36219 1000 3654 65494 25919 31518 8057 63398 5806 53232 4360 124110 69078 46398 8634 6678 3729 2275 674 86086 5899 80187 185813 148651 18581 18581 96072 81483 4981 9608 EXHIBIT EXPENSE 125055 124583 199 273 MAINTENANCE/REPAIRS 85766 80453 2201 3112 ART PURCHASES 57880 57880 COLLECTIONS 49273 48637 636 155172 61966 53181 40025 3274171 1821809 671765 780597 606420 803429 483839 191781 800 800 4000 11711 11202275 6812749 3283597 4389526 5953148 6958163 1625327 599918 11957131 12955328 238096 298873 0 1770000 652427 149650 890523 2218523 X 6193046 5305852 4873562 5430953 11066608 10736805 11957131 12955328 -614977 311256 -26082 0 X X 0 1 X 1 0 X 3490248 1193774 2555104 1751676 2155355 11146157 3490248 1193774 2555104 1751676 2155355 11146157 2351280 8794877 166715 134219 177069 184468 183842 846313 21904 16860 22852 61616 12054086 348641 0.72960 0.73040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 4119411 93783 642840 15721 48967 4791346 4184932 515263 532809 47975 4119411 5256915 -825595 190626 55762 4184932 4402590 1148064 242837 50902 5256915 4539555 196969 285584 48350 4402590 0.01594 0.62886 0.35520 1 0 3269057 3269057 1856544 1438377 418167 5553980 4902502 651478 352719 307388 45331 169975 164482 5493 4389526 CALTRONICS BUSINESS SYSTEMS 2272 SBA 147378 149650 X 3094035 311256 35683 346939 2747096 72910 -160812 -87902 2659194 3423838 61765 160812 222577 3201261 72910 72910 3274171 PART III, LINE 1A: THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE ASSOCIATION'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE RESTRICTED BY DONORS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED ON THE FINANCIAL STATEMENTS. PROCEEDS FROM, DECISIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. PART III, LINE 4: THE COLLECTIONS ARE MADE UP OF WORKS IN A VARIETY OF MEDIA BY ARTISTS, PAST AND PRESENT, WHO HAVE WORKED IN THE MONTEREY REGION, CALIFORNIA OR CREATE ARTWORKS ABOUT CALIFORNIA. PART V, LINE 4: GENERAL OPERATING AND RESTRICTED USES BY THE DONORS. PART X, LINE 2: AS A TAX EXEMPT NOT-FOR-PROFIT ORGANIZATION, THE MUSEUM IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND FROM STATE FRANCHISE TAX UNDER CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701(D) BUT IS SUBJECT TO TAXES ON UNRELATED BUSINESS INCOME WHEN EARNED. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES THAT ALL OF THE POSITIONS TAKEN IN ITS FEDERAL AND STATE EXEMPT ORGANIZATION TAX RETURNS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. THE MUSEUM'S RETURNS ARE SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AND FOUR YEARS, RESPECTIVELY, AFTER THEY ARE FILED. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES -148,458. COST OF GOODS SOLD -12,354. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 148,458. COST OF GOODS SOLD 12,354. FALL FUNDRAISER 53641 53541 100 966 22940 3533 BLOCK PARTY 406400 406400 11840 32098 47989 23117 5975 2 7500 7500 467541 467441 100 11840 33064 70929 23117 9508 148458 -148358 X 0 0 0 0 0 0 0 0 0 COREY MADDEN EXECUTIVE DIR. 185098 0 0 0 0 0 5235 0 19558 0 209891 0 0 0 X EVENT SUPPLIES 7 22608 FMV X FURNITURE 2 6640 FMV 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WAS MADE AVAILABLE TO THE BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ORGANIZATION HAS A WRITTEN POLICY THAT IS REVIEWED BY THE BOARD ANUALLY. IT IS THE MUSEUM'S POLICY TO DEAL WITH SUCH CONFLICTS IN AN OPEN AND DIRECT MANNER. IN ACCORD WITH THIS POLICY, ALL TRUSTEES, THE EXECUTIVE DIRECTOR, STAFF MEMBERS AND VOLUNTEERS ARE REQUIRED TO DISCLOSE ANY ACTUAL OR PERCEIVED CONFLICT (TO BE RECORDED IN THE MINUTES) AND TO REMOVE THEMSELVES FROM PARTICIPATION IN ANY RELATED DISCUSSIONS OR DECISION MAKING BY THE MUSEUM. HOWEVER, THEY MAY, IF REQUESTED BY THE BOARD OR A COMMITTEE OF THE BOARD, PROVIDE FACTUAL INFORMATION THAT MAY ASSIST THE BOARD OR COMMITTEE IN ITS DELIBERATIONS. THEY MAY SEEK GUIDANCE FROM THE BOARD OR COMMITTEE OF THE BOARD AS TO WHETHER A PARTICULAR ACTIVITY OR RELATIONSHIP CONSTITUTES AN ACTUAL OR PERCEIVED CONFLICT OF INTEREST. GENERALLY, AUTHORITY TO RESOLVE ACTUAL OR PERCEIVED CONFLICTS OF INTEREST RESIDES WITH THE CHAIR OF THE COMMITTEE INVOLVED OR THE EXECUTIVE DIRECTOR, BUT FINAL AUTHORITY CAN BE EXERCISED BY THE PRESIDENT OF BOARD OR THE ENTIRE BOARD IF THE ACTUAL OR PERCEIVED CONFLICT OF INTEREST IS BROAD IN SCOPE. A COPY OF THIS POLICY SHALL BE PROVIDED TO ALL TRUSTEES, THE EXECUTIVE DIRECTOR, STAFF MEMBERS AND VOLUNTEERS. BY ACCEPTING APPOINTMENT AS A TRUSTEE, THE EXECUTIVE DIRECTOR, STAFF MEMBER AND VOLUNTEER, AN INDIVIDUAL AGREES TO STRICTLY ADHERE TO THIS POLICY. FORM 990, PART VI, SECTION B, LINE 15 ALL SALARIES ARE BASED ON COMPARABLE DATA ASSEMBLED BY THE CALIFORNIA ASSOCIATION OF MUSEUMS AND PUBLISHED IN THEIR ANNUAL SALARY SURVEY. THE PERSONNEL COMMITTEE REVIEWS SALARIES ANNUALLY AS PART OF THE BUDGET PREPARATION PROCESS. THE BUDGET IS THEN APPROVED BY THE EXECUTIVE COMMITTEE AND RECOMMENDED TO THE FULL BOARD FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.