2025-05-15T15:35:00-05:00 2024-06-30 994625061 CRI ADVISORS LLC 807 CAMINO DE MONTE REY SANTA FE NM 87505 990 2023-07-01 850125045 SCHOOL FOR ADVANCED RESEARCH SCHO 5059547200 PO BOX 2188 SANTA FE NM 87504 MICHAEL F BROWN PRESIDENT 5059547200 2025-05-15 1 1 RHONDA G WILLIAMS P00527004 5059833387 2025-05-15 2023 2025-03-06 01:10:19Z DR MORRIS W FOSTER PO BOX 2188 SANTA FE NM 87504 12615480 0 X WWW.SARWEB.ORG X 1942 NM TO ADVANCE UNDERSTANDING OF HUMANITY THROUGH NATIVE AMERICAN ARTS AND ANTHROPOLOGY. 26 24 37 67 0 0 1895672 9360526 108776 145262 429523 1537733 110143 138848 2544114 11182369 180000 100000 0 0 2378250 2351729 0 0 900389 2194714 2498910 4752964 4950639 -2208850 6231730 31851144 40802971 319430 388683 31531714 40414288 X THE SCHOOL FOR ADVANCED RESEARCH IS TO ADVANCE UNDERSTANDING OF HUMANITY THROUGH A UNIQUE ALCHEMY OF CREATIVE PRACTICE AND SCHOLARLY RESEARCH IN NATIVE AMERICAN ARTS, ANTHROPOLOGY, AND RELATED DISCIPLINES. ITS VISION IS TO BE A NEXUS OF SCHOLARS AND ARTISTS, CREATIVE THINKERS AND CURIOUS LEARNERS, WHERE WE EXCHANGE IDEAS, BRING LIFE TO HISTORY, EXPLORE THE PRESENT, AND BROADEN PERSPECTIVES IN PURSUIT OF A MORE INFORMED AND EQUITABLE SOCIETY. 0 0 1815465 100000 24219 SCHOLAR PROGRAMS:NED BLACKHAWK JOINED TIYA MILES AS RECENT SCHOLAR PROGRAM ALUMNI TO WIN NATIONAL BOOK AWARDS. THIS ADDS FURTHER DISTINCTION TO THE LENGTHY LIST OF RECOGNITIONS THAT THE MORE THAN 2,000 FELLOWSHIP AND ADVANCED SEMINAR PARTICIPANTS HAVE RECEIVED OVER 50 YEARS OF SCHOLAR PROGRAMMING.SAR LAUNCHED ITS ANNUAL HUMANITIES FESTIVAL IN SEPTEMBER 2023. SUBTITLED "AMERICAN IDENTITIES," THE SERIES ILLUMINATED DIVERSE AMERICAN EXPERIENCES THROUGH LECTURES, MUSIC, FILM, AND DISCUSSION. A HALLMARK OF THE EVENTS WAS THE MODERATED COMMUNITY CONVERSATIONS HOSTED BY PRESIDENT MICHAEL F. BROWN. OTHER HIGHLIGHTS OF THE YEAR INCLUDED LAMON FELLOW PHILIP DELORIA'S COLLOQUIUM, "THE YEAR THE STARS FELL," WHICH SOLD OUT AT SAR AND RECEIVED OVER 1,000 VIEWS ON SAR'S YOUTUBE CHANNEL. THE NATIVE ARTS SPEAKER SERIES, "WEAVING HISTORIES: STORIES OF INNOVATION IN PUEBLO FIBER ARTS," HAD A FULL HOUSE FOR ALL FOUR PRESENTATIONS AND LED UP TO THE ANNUAL PUEBLO FIBER ARTS SHOW AT THE POEH CULTURAL CENTER. VIRTUAL EVENTS CONTINUED TO BE A MAIN DRAW FOR FOLLOWERS, AND SAR STARTED ONLINE J.I. STALEY PRIZE BOOK TALKS. 1023323 26243 THE INDIAN ARTS RESEARCH CENTER (IARC):GROUNDED IN CLAY: THE SPIRIT OF PUEBLO POTTERY ENDED A HIGH-PROFILE RUN AT THE METROPOLITAN MUSEUM OF ART AND AT THE VILCEK FOUNDATION IN NEW YORK CITY, AND OPENED AT THE MUSEUM OF FINE ARTS, HOUSTON IN OCTOBER 2024. MEANWHILE, THE INDIAN ARTS RESEARCH CENTER CONTINUED TO ENGAGE WITH NATIVE COMMUNITIES, WORKING ARTISTS, AND OTHERS AS A THOUGHT-AND-PRACTICE LEADER IN STEWARDING INDIGENOUS ART COLLECTIONS.ON THE POLICY AND GUILDELINES FRONT, THE INDIGENOUS COLLECTIONS CARE (ICC) GUIDE REACHED A CONTENT REVIEW STAGE, WHICH WILL EVENTUALLY INCLUDE THE VOICES OF 175 TRIBAL AND MUSEUM VOICES. FOLLOWING THE GUIDELINES FOR COLLABORATION (2019) AND STANDARDS FOR MUSEUMS WITH NATIVE AMERICAN COLLECTIONS (2023), THE ICC GUIDE WILL PROVIDE A FRAMEWORK TO RESPECT AND RECENTER COLLECTIONS STEWARDSHIP PRACTICES AROUND THE NEEDS AND KNOWLEDGE OF NATIVE AMERICAN INDIGENOUS COMMUNTY MEMBERS.COLLECTIONS REVIEWS CONTINUED WITH THE PUEBLOS OF ACOMA AND POJOAQUE. A KEY IARC INITIATIVE SINCE 2008, THE IARC HAS WORKED WITH REPRESENTATIVES FROM TRIBAL COMMUNITIES IN AN EFFORT TO REVIEW EVERY PIECE IN THE IARC COLLECTION. THESE REVIEWS RECOGNIZE COMMUNITY KNOWLEDGE AS A PRIMARY SOURCE OF INFORMATION AND ENSURE THAT COLLECTION ITEMS ARE REPRESENTED AS ACCURATELY AS POSSIBLE AND IN AN APPROPRIATE MANNER.IN THE SPRING, IARC PARTNERED WITH THE NEW MEXICO PUEBLO FIBER ARTS GUILD AND THE POEH CULTURAL CENTER TO PRODUCE THE 13TH ANNUAL PUEBLO FIBER ARTS SHOW. IN ITS SECOND YEAR OF THIS COLLABORATION, THE FIBER ARTS SHOW DREW IN VISITORS FROM ALL AROUND THE COUNTRY AND FEATURED OVER 30 ARTISTS, DEMONSTRATORS, DANCERS, AND ITS FIRST FASHION SHOW. ALSO IN ITS SECOND YEAR, THE IARC WORKED WITH KHA'P'O COMMUNITY SCHOOL TO PRODUCE A SERIES OF WORKSHOPS FOR ITS SIXTH GRADERS AND A SCHOOL-WIDE MINI-COMIC CONVENTION, FOCUSING ON EMPOWERING YOUTH TO TELL THEIR OWN STORIES. 539701 158830 PUBLIC PROGRAMS:SAR'S HUMANITIES FESTIVAL WAS AN EXCEEDINGLY POPULAR ADDITION TO THE SANTA FE CULTURAL SCENE IN 2023, WITH A FOCUS ON AMERICAN IDENTITIES. THE 2024 FOCUS OF WHAT IS BECOMING AN ANNUAL SAR FALL EVENT HAD THE THEME "FOOD FOR THOUGHT." WE ARE SHAPING OUR PUBLIC PROGRAMMING INTO FALL, SPRING, AND SUMMER PACKAGES THAT AUDIENCES CAN PLAN TO ATTEND ON A REGULAR BASIS, ALONG WITH REGULAR SCHOLAR COLLOQUIA AND ARTIST TALKS THROUGHOUT THE YEAR. J.I. STALEY PRIZE:AWARDED ANNUALLY BY SAR SINCE 1988, THE J.I. STALEY PRIZE IS ONE OF THE MOST PRESTIGIOUS INTERNATIONAL BOOK AWARDS AND IS GIVEN ANNUALLY TO A LIVING AUTHOR FOR A BOOK THAT EXEMPLIFIES OUTSTANDING SCHOLARSHIP AND WRITING IN ANTHROPOLOGY. T.M. LUHRMANN EXPLORES THE PRACTICES THAT ENABLE PEOPLE EXPERIENCE THE DIVINE AS EMBODIED, TANGIBLE, AND REAL. BASED ON DECADES OF FIELDWORK WITH EVANGELICAL CHRISTIANS AS WELL AS OTHER DENOMINATIONAL COMMUNITIES, SHE ARGUES THAT IT IS ACTION, DISCIPLINE, AND REPETITION THAT DRIVE FAITH. IN VIVID AND CONCISE PROSE ACCESSIBLE TO A WIDE AUDIENCE, LUHRMANN REVEALS HOW LIVING IN THE "FAITH FRAME" DEMANDS EFFORT FOR PEOPLE IN ALL RELIGIONS. "THIS BOOK WILL ENGAGE ANYONE INTERESTED IN THE QUESTIONS OF FAITH IN AN IMPERFECT WORLD AND OFFERS ANTHROPOLOGISTS A MODEL FOR ENTERING INTO IMPORTANT PUBLIC CONVERSATIONS."SAR PRESS:SAR PRESS STARTED AN OPEN ACCESS INITIATIVE THROUGH WHICH ADVANCED SEMINAR VOLUMES WILL BE MADE AVAILABLE DIGITALLY TO READERS AROUND THE WORLD AT NO COST TO THEM. THIS YEAR, SAR PRESS ALSO BROUGHT TOGETHER COMMUNITY MEMBERS TO PREPARE FOR POSTHUMOUS PUBLICATION OF THE FINAL MANUSCRIPT BY EMERITA SCHOLAR PROGRAMS DIRECTOR AND STAFF SCHOLAR DR. NANCY OWEN LEWIS, THE HOUNDS OF EL DELIRIO: NEW MEXICO AND THE DOGS OF WORLD WAR II. FORMER STAFF MEMBERS JONATHAN LEWIS AND JEAN SCHAUMBERG ARE WORKING WITH SENIOR SCHOLAR DR. CAROL MACLENNAN, EMERITA LIBRARIAN LAURA HOLT, AND SAR PRESS DIRECTOR DR. MIRIAM KOLAR TO PUBLISH THIS ENGAGING AND INTRIGUING HISTORY. 3378489 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 121 0 37 1 0 0 0 0 0 0 0 0 0 0 0 0 X 26 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NM X X X JORGE FONSECA 5059547226 660 GARCIA STREET SANTA FE NM 87505 MICHAEL BROWN PRESIDENT, DIRECTOR 40.00 X X 229268 0 11323 JORGE FONSECA VP FIN AND ADMIN 40.00 X 104999 0 16326 KEN COLE CHAIR 2.00 X X 0 0 0 ELIZABETH GLASSMAN VICE CHAIR 1.00 X X 0 0 0 JOE BRACEWELL TREASURER 1.00 X X 0 0 0 JOHN ARROYO SECRETARY 1.00 X X 0 0 0 ALEX BARKER DIRECTOR 1.00 X 0 0 0 NANCY BERN DIRECTOR 1.00 X 0 0 0 NED BLACKHAWK DIRECTOR 1.00 X 0 0 0 DOROTHY BRACEY DIRECTOR 1.00 X 0 0 0 DON BRENNIS DIRECTOR 1.00 X 0 0 0 BRENDA CHILD DIRECTOR 1.00 X 0 0 0 LARRY COLTON DIRECTOR 1.00 X 0 0 0 JOE COLVIN DIRECTOR 2.00 X 0 0 0 THOMAS CONNER DIRECTOR 1.00 X 0 0 0 SUSAN FOOTE DIRECTOR 1.00 X 0 0 0 ED GALE DIRECTOR 1.00 X 0 0 0 DONALD LAMM DIRECTOR 1.00 X 0 0 0 LOUISE LAMPHERE DIRECTOR 1.00 X 0 0 0 JUNE LORENZO DIRECTOR 1.00 X 0 0 0 ANN MORTON DIRECTOR 1.00 X 0 0 0 JOHN NIETO PHILLIPS AAA CHAIR 1.00 X 0 0 0 ESTEVAN RAEL- GALVEZ DIRECTOR 1.00 X 0 0 0 JULIE RIVERS DIRECTOR 1.00 X 0 0 0 STEVE ROBINSON DIRECTOR 1.00 X 0 0 0 JERRY SABLOFF DIRECTOR 1.00 X 0 0 0 DON SIEGEL DIRECTOR 1.00 X 0 0 0 GREG SMITH GOVERNANCE CHAIR 1.00 X 0 0 0 DIANE VENNEMA DIRECTOR 1.00 X 0 0 0 KATHLEEN WALL DIRECTOR 1.00 X 0 0 0 SCOTT WAUGH DIRECTOR 1.00 X 0 0 0 LYNNE WITHEY AUDIT CHAIR 1.00 X 0 0 0 DAVID YOUNG DIRECTOR 1.00 X 0 0 0 DENNIS ALBURG DIRECTOR 1.00 X 0 0 0 PEGGY BURNS DIRECTOR 1.00 X 0 0 0 JAN AVENT DIRECTOR 1.00 X 0 0 0 CHRISTOPHER OECHSLI DIRECTOR 1.00 X 0 0 0 ALAKA WALI DIRECTOR 1.00 X 0 0 0 334267 0 27649 2 0 1 0 DR ESTEVAN RAEL - GALVEZ PO BOX 32628 SANTA FE NM 87594 3 YEAR GRANT FOR NATIVE BOUND UNBOUND RE 150000 PERFORMANT SOFTWARE PO BOX 2644 CHARLOTTESVILLE VA 22902 DATABASE AND WEBSITE FOR NATIVE BOUND 134102 BARBARA FELIXWOVEN ARCHITECTURE 1114 HICKOX STREET SUITE A SANTA FE NM 87501 ARCHITECTURE DESIGN SERVICES FOR IARC BU 104001 3 274616 193939 131168 8760803 256342 9360526 FIELD TRIPS 611710 123115 123115 TOURS 611710 12148 12148 LECTURE 611710 9499 9499 CLASS FEES 611710 500 500 145262 872180 872180 26243 26243 47297 0 47297 47297 2072 45225 2022291 1356738 665553 665553 665553 84710 193939 55117 29593 29593 56971 21256 35715 35715 11182369 209292 0 1612551 X 100000 100000 377746 141612 174677 61457 1643533 1032707 163409 447417 68670 42345 7279 19046 112218 72290 7413 32515 149562 86310 24432 38820 41776 41776 64981 64981 786327 673724 53181 59422 41284 36071 1591 3622 122383 36299 53998 32086 148941 115069 27812 6060 3358 3358 70366 41875 24272 4219 110058 105587 3046 1425 67865 35850 297 31718 103934 88992 8965 5977 67466 57071 6203 4192 DIRECT PROGRAM EXPENSE 556056 546237 9819 COST OF SALES 190740 54703 136037 EQUIPMENT PURCHASE/RENT 41623 40124 1499 REPAIR AND MAINTENANCE 38676 31951 4144 2581 43076 36314 2786 3976 4950639 3378489 671761 900389 126355 107449 1273183 287089 310000 348496 1250 1790 37809 48054 106954 23455 7810321 7025195 840814 785126 27187061 37238112 1945744 1945744 21974 17656 31851144 40802971 195339 370870 101940 22151 17813 319430 388683 X 17299220 26982343 14232494 13431945 31531714 40414288 31851144 40802971 6231730 2650844 0 X X 0 1 X 1 0 X 2445353 3494942 4283206 1895672 2282142 14401315 2445353 3494942 4283206 1895672 2282142 14401315 4117152 10284163 625177 537515 592963 760350 945720 3461725 20197 5000 25197 17888237 869795 0.57490 0.50670 X SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: ONE TIME ESTATE BEQUEST DATE: 11/27/23 AMOUNT: 7163094. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 23234198 5593203 2811362 128972 634568 51700 30823523 21928043 72018 2339679 103124 961960 40458 23234198 26609109 -3556420 104000 972592 48054 21928043 22267401 41518 5497074 126652 1025554 44678 26609109 23676052 5000 -259151 117126 994875 42499 22267401 0.58670 0.37080 0.04250 0 0 86331 86331 3573875 3118741 455134 2991452 2858532 132920 962177 858135 104042 196486 189787 6699 785126 FINANCING LEASE LIABILITEIS 17813 17813 X 13849605 2650844 5000 76373 2732217 11117388 64981 64981 11182369 4967031 5000 76373 81373 4885658 64981 64981 4950639 PART III, LINE 1A: THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE SCHOOL'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENTS OF FINACIAL POSITION. THE SCHOOL ADHERES TO THE POLICIES OF THE AMERICAN ALLIANCE OF MUSEUMS, WHICH DISCOURAGES THE ASSIGNMENT OF DOLLAR VALUES TO COLLECTIONS NOT INTENDED FOR SALE IN THE MARKETPLACE. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED, OR AS DECREASES IN TEMPORARILY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED ON THE FINANCIAL STATEMENTS. PROCEEDS FROM DEACCESSIONS ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES AND ARE DESIGNATED FOR COLLECTION ACQUISITIONS AND CARE. PART III, LINE 4: THE COLLECTION IS COMPOSED OF OVER 12,000 ITEMS INCLUDING CERAMICS, TEXTILES, WORKS ON PAPER AND PAINTINGS, BASKETRY, JEWELRY, CARVED FIGURES KNOWN AS KACHINAS, AND A VARIETY OF OTHER ITEMS OF MATERIAL CULTURE. THE GOAL IS TO BRIDGE THE DIVIDE BETWEEN CREATIVITY AND SCHOLARSHIP BY SUPPORTING INITIATIVES AND PROJECTS IN NATIVE STUDIES, ART HISTORY, AND CREATIVE EXPRESSION THAT ILLUMINATE THE INTERSECTIONS OF THE SOCIAL SCIENCES, HUMANITIES, AND ARTS. THIS IS ACCOMPLISHED BY FOSTERING DIALOGUE AMONG ARTISTS, RESEARCHES, SCHOLARS, AND COMMUNITY MEMBERS THROUGH COLLECTIONS-BASED SEMINARS, SYMPOSIA, INTERNSHIPS, AND OBJECT LOANS TO OTHER INSTITUTIONS. PART V, LINE 4: THE ENDOWMENT PROVIDES ONGOING SUPPORT FOR BOTH SPECIFIC PROGRAMS AND GENERAL OPERATION NEEDS. THE ENDOWMENT IS INVESTED IN A MANNER TO FIRST PRESERVE CAPITAL AND THEN TO PROVIDE SUPPORT FOR THE SCHOOL. PART X, LINE 2: UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THE ORGANIZATION IS EXEMPT FROM TAXES ON INCOME OTHER THAN UNRELATED BUSIESS INCOME. UNRELATED BUSINESS INCOME RESULTS FROM RENT, ADMINISTRATION OF SELF-INSURANCE ACTIVITIES, AND COMMISSIONS. THE SCHOOL UTILIZES THE ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (BASB) ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF JUNE 30, 2024, AND 2023, THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS NETTED OUT OF BOOK SALES INCOME 21,256. FUNDRAISING EVENT EXPENSES NETTED OUT OF INCOME 55,117. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS NETTED OUT OF BOOK SALES INCOME 21,256. FUNDRAISING EVENT EXPENSES NETTED OUT OF INCOME 55,117. GALA 278649 193939 84710 16610 25464 400 12643 278649 193939 84710 16610 25464 400 12643 55117 29593 1 SCHOLARSHIPS AND FELLOWSHIPS 2 100000 PART I, LINE 2: APPLICATIONS FOR FELLOWSHIPS AND SEMINARS ARE AVAILABLE THROUGH THE SCHOOL'S WEBSITE UNDER "SCHOLAR PROGRAMS APPLICATION PORTAL." ALL APPLICATIONS ARE REVIEWED AND CONSIDERED BY A COMMITTEE OF SCHOLARS TAKING INTO CONSIDERATION THE MERITS OF THE PROPOSED SCHOLARSHIP, THE CANDIDATE'S RESEARCH TOPIC, AND THE QUALIFICATIONS AND MERITS OF THE CANDIDATES THEMSELVES. 0 0 0 0 0 0 0 0 0 MICHAEL BROWN PRESIDENT, DIRECTOR 229268 0 0 0 0 0 9234 0 2089 0 240591 0 0 0 DR ESTEVEN RAEL-GALVEZ BOARD MEMBER 564495 DURING THE YEAR ENDED JUNE 30, 2022, THE SCHOOL BEGAN SERVING AS THE FISCAL SPONSOR FOR A $1.5 MILLION RESEARCH PROJECT RELATED TO ITS MISSION. THE PROJECT MANAGER IS A FORMER NEW MEXICO STATE HISTORIAN WHO CURRECTLY SERVES AS A MEMBER OF THE SCHOOL'S BOARD OF DIRECTORS. AS THE FISCAL SPONSOR, THE SCHOOL TAKES RESPONSIBILITY FOR ACCEPTING FUNDING AND ENSURING THAT ALL FUNDS ARE SPENT IN ACCORDANCE WITH ANY RESTRICTIONS ACCOMPANYING THE RELATED FUNDS. PROGRAM EXPENSES INCURRED UNDER THE GRANT IN FISCAL YEAR 6/2024 WERE $564,495. DURING THE 2022 CALENDAR YEAR, DR. RAEL-GALVEZ RECIEVED $150,000 IN NON-EMPLOYEE COMPENSATION FOR DIRECTING THE ADMINSTRATION OF THIS GRANT AS REPORTED IN PART VII, SECTION B, OF THE FORM 990. 0 X 7 256342 AVERAGE HIGH/LOW 0 1 0 PART I, COLUMN (B): THE NUMBER OF DONORS ARE LISTED. FORM 990, PART VI, SECTION A, LINE 1A COMMITTEES INCLUDE ACADEMIC AND ARTISTIC AFFAIRS(AAA),AUDIT, DEVELOPMENT, FINANCE, GOVERNANCE & NOMINATIONS. THESE COMMITTEES ARE MADE UP OF BOARD MEMBERS AND SAR FUNCTIONAL STAFF DIRECTORS. THE AAA COMMITTEE DOES HAVE TWO NON-BOARD MEMBERS. AAA OVERSEES ACCESSION AND DE-ACCESSION RECOMMENDATIONS, POLICIES REGARDING THE COLLECTION AND MATTERS AND POLICIES CONCERNING THE SCHOOL'S SCHOLAR PROGRAMS. THE AUDIT COMMITTEE REVIEWS THE ANNUAL AUDITED FINANCIAL STATEMENTS, THE 990 TAX FILING, AND RISK MANAGMENT CONCERNS. THE FINANCE COMMITTEE REVIEWS FINANCIAL MATTERS INCLUDING PERIODIC FINANCIAL RESULTS TO BUDGET, APPROVAL OF ANNUAL BUDGET, REVIEW OF INVESTMENT PORTFOLIO PERFOMANCE AND MAKES RECOMMENDATIOSN REGARDING INVESTMENT POLICIES AND PRACTICES. THE GOVERNANCE COMMITTEE REVIEWS GENERAL OVERSIGHT OF THE ORGANIZATION, INCLUDING POLICIES AND PRACTICES. THE GOVERNANCE COMMITTEE REVIEWS GENERAL OVERSIGHT OF THE ORGANIZATION, INCLUDING POLICIES AND PRACTICES, NOMINATION AND VETTING OF PROSPECTIVE BOARD MEMBERS, LEGAL CONSIDERATIONS AND TRENDS OF INTEREST TO SCHOOL'S PRACTICES AND MISSION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS DISTRIBUTED TO ALL BOARD MEMBERS VIA EMAIL PRIOR TO FILING. BOARD MEMBERS ARE GIVEN APPROXIMATELY TWO WEEKS TO REVIEW, COMMENT, OR ASK QUESTIONS. AFTER THE REVIEW PERIOD CLOSES AND NO FURTHER COMMENTS ARE MADE, THE REPORT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C EFFECTIVE NOVEMBER OF 2013, THE BOARD ADOPTED A MORE FORMAL POLICY THAT NOW REQUIRES BOARD MEMBERS TO BE ASKED TO REVIEW THE CONFLICT OF INTEREST POLICY ANNUALLY AND SIGN A STATEMENT THAT THEY ARE NOT IN CONFLICT WITH THE POLICY EACH YEAR. EACH BOARD MEMBER IS COVERED UNDER THE CONFLICT OF INTEREST POLICY ADMINISTERED BY THE GOVERNANCE COMMITTEE. IF A POTENTIAL MATERIAL CONFLICT IS IDENTIFIED, THE GOVERNANCE COMMITTEE PRESENTS THE INFORMATION TO THE BOARD FOR REVIEW. THE BOARD THEN VOTES ON WHAT ACTION TO TAKE AND/OR RESTRICTIONS OR DISCIPLINARY ACTION TO IMPOSE. DOCUMENTATION OF ANY ACTION IS RECORDED IN THE MINUTES OF THE RELATED GOVERNANCE COMMITTEE MEETING. FORM 990, PART VI, SECTION B, LINE 15A FOR THE PRESIDENT'S POSITION, A COMMITTEE IS FORMED OF BOARD MEMBERS TO REVIEW THE JOB DESCRIPTION AND THE COMPENSATION TO BE OFFERED. THE TERMS OF THE EMPLOYMENT AGREEMENT REFLECT THE DUTIES AND RESPONSIBILITIES OF THE POSITION AS WELL AS THE COMPENSATION. FOR OTHER KEY POSITIONS, A COMPARATIVE REVIEW IS MADE OF SIMILAR POSITIONS WITH SIMILAR ORGANIZATIONS AND COMPENSATION RANGES ARE COMPILED REFLECTING QUALIICATIONS, EDUCATION AND EXPERIENCE OF CANDIDATE PROFILES. FORM 990, PART VI, SECTION C, LINE 18 THE FORM 990 IS MADE AVAILABLE TO THE PUBLIC AS FOLLOWS: 1. POSTED TO THE SAR WEBSITE AT WWW.SARSF.ORG 2. FILED WITH THE NM DEPARTMENT OF JUSTICE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC THROUGH THE ANNUAL REPORT. FORM 990, PART IX, LINE 11G OTHER SERVICES: PROGRAM SERVICE EXPENSES 673,724. MANAGEMENT AND GENERAL EXPENSES 53,181. FUNDRAISING EXPENSES 59,422. TOTAL EXPENSES 786,327. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR.