2026-05-15T14:03:16-05:00 2025-06-30 911194016 CLARK NUBER PS 555 110TH AVE NE SUITE 700 BELLEVUE WA 98004 990 2024-07-01 910640788 SEATTLE ART MUSEUM SEAT 2066543210 1300 FIRST AVENUE SEATTLE WA 981012003 WHITNEY VAUGHAN INTERIM CFO 2066258900 2026-05-14 1 1 MEGAN R RYAN P00737884 4254544919 2026-05-15 2024 2025-03-06 01:10:19Z SCOTT STULEN 1300 FIRST AVENUE SEATTLE WA 981012003 123249002 0 X WWW.SEATTLEARTMUSEUM.ORG X 1917 WA TO PROMOTE AND CULTIVATE THE FINE ARTS. 62 62 487 297 146435 0 10761125 17731309 6097696 5387496 18557887 11564115 3457149 3651358 38873857 38334278 0 0 0 0 18749730 20708038 293358 383765 3447072 22573261 23351440 41616349 44443243 -2742492 -6108965 414023960 403450549 39782056 24678091 374241904 378772458 X FOUNDED IN 1917, THE SEATTLE ART MUSEUM (SAM) CONNECTS ART TO LIFE. AS THE LEADING VISUAL ART INSTITUTION IN THE PACIFIC NORTHWEST, SAM DRAWS ON ITS GLOBAL COLLECTIONS, POWERFUL SPECIAL EXHIBITIONS, NUMEROUS INSTALLATIONS, AND DYNAMIC PROGRAMS TO FULFILL ITS IMPORTANT ROLE AS A CULTURAL AND EDUCATIONAL RESOURCE BENEFITTING THE SEATTLE REGION, THE PACIFIC NORTHWEST, AND BEYOND. FROM A STRONG FOUNDATION OF ASIAN ART TO NOTEWORTHY COLLECTIONS OF AFRICAN AND OCEANIC ART, NORTHWEST COAST NATIVE AMERICAN ART, EUROPEAN AND AMERICAN ART, AND MODERN AND CONTEMPORARY ART, THE STRENGTH OF SAM'S COLLECTION OF APPROXIMATELY 25,000 OBJECTS LIES IN ITS DIVERSITY OF MEDIA, CULTURES, AND TIME PERIODS. WITH THREE LOCATIONS (SEATTLE ART MUSEUM, OLYMPIC SCULPTURE PARK, SEATTLE ASIAN ART MUSEUM), SAM HARNESSES THE POWER OF ART TO ENRICH LIVES AND ENGAGE DIVERSE COMMUNITIES, INCLUDING HUNDREDS OF THOUSANDS OF VISITORS, AS WELL AS THOUSANDS OF SEATTLE-AREA STUDENTS. 0 0 33134414 5964483 MUSEUM SERVICES: PROVIDING A PUBLIC ART MUSEUM INCLUDING THE ACCESSION OF ART OBJECTS AS WELL AS PUBLIC ART EXHIBITIONS AND ART EDUCATION FOR THE GENERAL PUBLIC. MUSEUM PATRONS VISITED THIS YEAR AT THREE DIFFERENT SEATTLE LOCATIONS - THE SEATTLE ART MUSEUM, THE OLYMPIC SCULPTURE PARK AND THE ASIAN ART MUSEUM. 33134414 1 1 0 1 0 0 0 1 0 1 1 1 0 1 1 0 0 1 0 0 1 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 333 0 487 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 62 62 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 WA AK AR CA CO CT FL HI KY ME MD MA MI NV NH NJ NY NC OH OK OR PA RI SC TN VA WI WV KS X X KIRSTIN BAYER 2063445262 1300 FIRST AVENUE SEATTLE WA 98101 CATHERINE ROCHE PRESIDENT 1.00 1.00 X X 0 0 0 CARLA LEWIS PAST PRESIDENT 1.00 1.00 X X 0 0 0 SCOTT MORRIS CHAIR 1.00 1.00 X X 0 0 0 CONSTANCE RICE PAST CHAIR 1.00 1.00 X X 0 0 0 SUSAN BROTMAN VICE PRESIDENT 1.00 1.00 X X 0 0 0 STEWART LANDEFELD VICE PRESIDENT 1.00 1.00 X X 0 0 0 JON SHIRLEY VICE PRESIDENT 1.00 1.00 X X 0 0 0 WINNIE STRATTON VICE PRESIDENT 1.00 1.00 X X 0 0 0 CHARLES WRIGHT VICE PRESIDENT 1.00 1.00 X X 0 0 0 BERT VALDMAN TREASURER 1.00 1.00 X X 0 0 0 MAGGIE WALKER SECRETARY 1.00 1.00 X X 0 0 0 MARGARET ALLISON TRUSTEE 1.00 1.00 X 0 0 0 RYAN ARAI TRUSTEE 1.00 1.00 X 0 0 0 CHERRY MCGEE BANKS TRUSTEE 1.00 1.00 X 0 0 0 WATSON BLAIR TRUSTEE 1.00 1.00 X 0 0 0 BRUCE BLUME TRUSTEE 1.00 1.00 X 0 0 0 CLIFF BURROWS TRUSTEE 1.00 1.00 X 0 0 0 LISA CAPUTO TRUSTEE 1.00 1.00 X 0 0 0 MICHAEL CONWAY TRUSTEE 1.00 1.00 X 0 0 0 MICHAEL CORLISS TRUSTEE 1.00 1.00 X 0 0 0 MARC COSENTINO TRUSTEE 1.00 1.00 X 0 0 0 JULI FARRIS TRUSTEE 1.00 1.00 X 0 0 0 JOHN FRANK TRUSTEE 1.00 1.00 X 0 0 0 LISA GOODMAN TRUSTEE 1.00 1.00 X 0 0 0 MARI HORITA TRUSTEE 1.00 1.00 X 0 0 0 FELIX HUANG TRUSTEE 1.00 1.00 X 0 0 0 FALONA JOY TRUSTEE 1.00 1.00 X 0 0 0 ROBERT KAPLAN TRUSTEE 1.00 1.00 X 0 0 0 BETH KETCHAM TRUSTEE 1.00 1.00 X 0 0 0 JANET KETCHAM TRUSTEE 1.00 1.00 X 0 0 0 SYLVIA KETCHAM TRUSTEE 1.00 1.00 X 0 0 0 SO YOUNG KWON TRUSTEE 1.00 1.00 X 0 0 0 NAJMA LALJI TRUSTEE 1.00 1.00 X 0 0 0 FLORA LING TRUSTEE 1.00 1.00 X 0 0 0 BARBARA MALONE TRUSTEE 1.00 1.00 X 0 0 0 MAREN MONSEN TRUSTEE 1.00 1.00 X 0 0 0 CHARLES NOLAN TRUSTEE 1.00 1.00 X 0 0 0 LINDA NORDSTROM TRUSTEE 1.00 1.00 X 0 0 0 SALLY NORDSTROM TRUSTEE 1.00 1.00 X 0 0 0 MICHAEL PARHAM TRUSTEE 1.00 1.00 X 0 0 0 HWA PARK TRUSTEE 1.00 1.00 X 0 0 0 SANJAY PARTHASARATHY TRUSTEE 1.00 1.00 X 0 0 0 EDUARDO PENALVER TRUSTEE 1.00 1.00 X 0 0 0 DAVID A PEREZ TRUSTEE 1.00 1.00 X 0 0 0 STEVE PHELPS TRUSTEE 1.00 1.00 X 0 0 0 MALA RAMAN TRUSTEE 1.00 1.00 X 0 0 0 YUCCA RIESCHEL TRUSTEE 1.00 1.00 X 0 0 0 JENNIFER ROBERTS TRUSTEE 1.00 1.00 X 0 0 0 LEE ROLFE TRUSTEE 1.00 1.00 X 0 0 0 FAYE SARKOWSKY TRUSTEE 1.00 1.00 X 0 0 0 STAN SAVAGE TRUSTEE 1.00 1.00 X 0 0 0 ROBERTA SHERMAN TRUSTEE 1.00 1.00 X 0 0 0 KIM RICHTER SHIRLEY TRUSTEE 1.00 1.00 X 0 0 0 MARY SNAPP TRUSTEE 1.00 1.00 X 0 0 0 ROBERT STRONG TRUSTEE 1.00 1.00 X 0 0 0 INA TATEUCHI TRUSTEE 1.00 1.00 X 0 0 0 LYNN THOMSEN TRUSTEE 1.00 1.00 X 0 0 0 BRANDON VAUGHAN TRUSTEE 1.00 1.00 X 0 0 0 MANDIRA VIRMANI TRUSTEE 1.00 1.00 X 0 0 0 HUONG VU TRUSTEE 1.00 1.00 X 0 0 0 LISA WAHBE TRUSTEE 1.00 1.00 X 0 0 0 BRIAN WINEKE TRUSTEE 1.00 1.00 X 0 0 0 JEFFREY DRAEGER ILL BALL NORDSTROM DIR. THRU 08/24 30.00 10.00 X 272092 0 9011 CYNTHIA BOLTON CHIEF FINANCIAL OFFICER 40.00 0.00 X 234458 0 15809 SCOTT STULEN ILLSLEY BALL NORDSTROM DIRECTOR 30.00 10.00 X 217916 0 234 KIMBERLY HART ILL BALL NORDSTROM DIR. THRU 08/24 30.00 10.00 X 203731 0 6275 CHRIS LANDMAN CHIEF DEVELOPMENT OFFICER 30.00 10.00 X 271575 0 16779 JOSE DIAZ DEPUTY DIRECTOR OF ART 40.00 0.00 X 245217 0 15743 ANITA SHAH CHIEF OPERATING OFFICER 40.00 0.00 X 200692 0 386 MIKHAEL MEI WILLIAMS CHIEF MARKETING OFFICER 40.00 0.00 X 185556 0 13784 NICHOLAS DORMAN CHIEF CONSERVATOR 40.00 0.00 X 172160 0 13603 CRAIG BIG EAGLE DIRECTOR OF TECHNOLOGY 40.00 0.00 X 149409 0 11936 JASON PORTER DIRECTOR OF EDUCATION 40.00 0.00 X 140236 0 12329 REGINA FORD DIRECTOR OF HUMAN RESOURCES 40.00 0.00 X 134235 0 2452 2427277 0 118341 31 0 1 0 IRON & OAK LLC 1425 BROADWAY STE 495 SEATTLE WA 98122 SECURITY SERVICES 1096169 SHOOBY DOO CATERING LLC 20818 44TH AVE W 130 LYNNWOOD WA 98036 CATERING 480878 INFINITE MASS 500 E PIKE ST SEATTLE WA 98122 ADVERTISING 465563 WESTERN SPECIALITY CONTRACTORS 22416 66TH AVE S KENT WA 98032 PROFESSIONAL CONTRACTORS 465563 DAVIS WRIGHT TREMAINE PO BOX 7410478 CHICAGO IL 60674 LEGAL SERVICES 307457 18 4681011 1300961 1446344 10302993 435706 17731309 ADMISSIONS 712110 4164005 4164005 MEMBERSHIP DUES 900099 771249 771249 EDUCATIONAL PROGRAMS 611699 452242 452242 5387496 2634828 2634828 11177 11177 8007991 5264350 2743641 2743641 2743641 87629194 78699907 8929287 8929287 8929287 195916 1300961 295202 -99286 -99286 1316468 655265 661203 576987 84216 FOOD SVC COMMISSION 722320 245090 15223 229867 PARKING 812930 62662 46996 15666 REIMBURSEMENTS 900099 15380 15380 11491 11491 334623 38334278 5964483 146435 14492051 1498229 624258 566425 307546 16341945 12925763 1954658 1461524 -33141 -15856 -11299 -5986 1455491 1153687 148242 153562 1445514 1109962 202644 132908 279690 153248 126442 170498 170498 20085 20085 383765 383765 503871 503871 3253290 2720166 322780 210344 935838 897927 2642 35269 3137680 2416739 365788 355153 70271 710 69385 176 5198756 4619414 581999 -2657 375601 303162 4005 68434 73973 73973 5814492 3238236 2576256 1038472 919380 119092 EXHIBITIONS 869487 860732 578 8177 ART ACCESSION 803000 803000 CATERING 602589 207391 56341 338857 TAXES AND LICENSES 197155 189803 7352 6692 6692 44443243 33134414 7861757 3447072 16273036 1038850 6073585 18291077 4994927 4904896 786549 175790 22047232 0 583514 648820 1132304 1145778 232526788 109137485 83115845 123389303 113255113 103470593 83523508 102680253 21507588 0 60730759 47705189 414023960 403450549 3659208 2352437 1559884 1552651 4103008 3678054 30459956 17094949 39782056 24678091 X 144189736 140484963 230052168 238287495 374241904 378772458 414023960 403450549 X -6108965 6789408 3850111 X 0 1 X 1 0 X 20343075 42312844 14899313 10761125 17730299 106046656 20343075 42312844 14899313 10761125 17730299 106046656 19353767 86692889 11280946 10772977 11073404 11080009 10653996 54861332 7419 7419 342423 146582 245607 236117 272404 1243133 162158540 27953280 0.53460 0.52020 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: PARKING GARAGE - 2020 AMOUNT: $ 4,341. 2021 AMOUNT: $ 12,460. 2022 AMOUNT: $ 11,165. 2023 AMOUNT: $ 13,238. 2024 AMOUNT: $ 15,666. REIMBURSEMENTS - 2020 AMOUNT: $ 51,442. 2021 AMOUNT: $ 61,355. 2022 AMOUNT: $ 17,033. 2023 AMOUNT: $ 19,212. 2024 AMOUNT: $ 15,380. MISCELLANEOUS - 2020 AMOUNT: $ 17,068. 2021 AMOUNT: $ 2,680. 2022 AMOUNT: $ 7,750. 2023 AMOUNT: $ 17,116. 2024 AMOUNT: $ 11,491. FOOD SVC COMMISSION - 2020 AMOUNT: $ 69,572. 2021 AMOUNT: $ 70,087. 2022 AMOUNT: $ 209,659. 2023 AMOUNT: $ 186,551. 2024 AMOUNT: $ 229,867. LICENSE AGREEMENT - 2020 AMOUNT: $ 200,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20085 20085 50254215 50274300 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 24086 24107 24085 20085 92363 250000 250000 250000 250000 1000000 1500000 X X X X 0 203418323 43946 17130375 10858286 503879 209230479 194853598 80874 19601534 10336518 781165 203418323 193081498 12179288 9461757 945431 194853598 202149814 7391106 -6842159 8558284 1058979 193081498 150800827 12225541 47934447 8155182 655819 202149814 0.00000 1.00000 0.00000 0 0 17797741 17797741 125209676 42053219 83156457 22977038 10371959 12605079 27213777 20871907 6341870 39328556 35840400 3488156 123389303 EMERGING MARKETS 13511144 F PRIVATE EQUITY 291352 F MARKETABLE ALTERNATIVES 83092776 F REAL ASSETS 5784981 F 102680253 OPERATING LEASE RIGHT-OF-USE ASSET 590333 INCENTIVE TO LESSEE 2320335 DEFERRED FACILITY RENTAL 6780193 FUNDS HELD IN TRUST BY OTHERS 12721883 FINANCE LEASE RIGHT-OF-USE ASSET 25292445 47705189 PENSION LIABILITY 56917 FINANCE LEASE LIABILITY 17038032 17094949 PART III, LINE 1A: ART OBJECTS ARE EXPENSED WHEN PURCHASED AND THEREFORE, ARE NOT SHOWN AS ASSETS ON THE CONSOLIDATED BALANCE SHEET. ART OBJECTS PLEDGED OR DONATED TO THE MUSEUM ARE NOT RECORDED FOR FINANCIAL ACCOUNTING PURPOSES AND, ACCORDINGLY, ARE NOT INCLUDED AS CONTRIBUTED REVENUE IN THE CONSOLIDATED STATEMENT OF ACTIVITIES OR AS RECEIVABLES ON THE CONSOLIDATED BALANCE SHEET. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED IN THE CONSOLIDATED STATEMENT OF ACTIVITIES BASED ON THE EXISTENCE AND NATURE OF DONOR IMPOSED RESTRICTIONS. THE MUSEUM'S POLICY IS TO USE PROCEEDS FROM DEACCESSIONED COLLECTION ITEMS FOR ACQUISITIONS OF NEW COLLECTION ITEMS AND THE DIRECT CARE OF EXISTING COLLECTIONS. PART III, LINE 4: THE MUSEUM'S COLLECTION OF PAINTINGS, SCULPTURES, AND OTHER WORKS OF ART PROMOTE AND CULTIVATE THE FINE ARTS THROUGH PUBLIC EXHIBITION, EDUCATIONAL PROGRAMMING, AND SCHOLARLY RESEARCH. PART V, LINE 4: TO SUPPORT EXHIBITIONS, ART EDUCATION, ART ACQUISITIONS AND GENERAL OPERATIONS. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS N/A 9972029 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS N/A 1491724 0 0 0 0 0 0 11463753 0 11463753 1 0 0 1 1 0 X X X X X X X 1 THE LUKENS COMPANY 2800 SHIRLINGTON ROAD 9TH FLOOR ARLINGTON VA 22206 DIRECT MAIL, ONLINE AND E-MAIL MEMBERSHIP CAMPAIGNS 0 0 383765 -383765 383765 -383765 WA AK AR CA CO FL HI KY CT ME MD KS MI MO NV NH NJ NY NC OH OK OR PA RI SC TN VA WV WI AI WEI WEI GALA 909198 837308 71890 62964 36080 5660 GARDENS OF ART 326940 294706 32234 72155 1200 1076 2 260739 168947 91792 87231 11914 16922 1496877 1300961 195916 222350 49194 23658 295202 -99286 X X X X 1 0 0 0 0 0 0 1 0 CHRIS LANDMAN CHIEF DEVELOPMENT OFFICER 271575 0 0 0 0 0 8393 0 8386 0 288354 0 0 0 JEFFREY DRAEGER ILL BALL NORDSTROM DIR. THRU 08/24 272092 0 0 0 0 0 8163 0 848 0 281103 0 0 0 JOSE DIAZ DEPUTY DIRECTOR OF ART 245217 0 0 0 0 0 7408 0 8335 0 260960 0 0 0 CYNTHIA BOLTON CHIEF FINANCIAL OFFICER 234458 0 0 0 0 0 7471 0 8338 0 250267 0 0 0 SCOTT STULEN ILLSLEY BALL NORDSTROM DIRECTOR 217916 0 0 0 0 0 0 0 234 0 218150 0 0 0 KIMBERLY HART ILL BALL NORDSTROM DIR. THRU 08/24 195731 0 8000 0 0 0 6112 0 163 0 210006 0 0 0 ANITA SHAH CHIEF OPERATING OFFICER 200692 0 0 0 0 0 0 0 386 0 201078 0 0 0 MIKHAEL MEI WILLIAMS CHIEF MARKETING OFFICER 185556 0 0 0 0 0 5567 0 8217 0 199340 0 0 0 NICHOLAS DORMAN CHIEF CONSERVATOR 172160 0 0 0 0 0 5403 0 8200 0 185763 0 0 0 CRAIG BIG EAGLE DIRECTOR OF TECHNOLOGY 149409 0 0 0 0 0 4506 0 7430 0 161345 0 0 0 JASON PORTER DIRECTOR OF EDUCATION 140236 0 0 0 0 0 4255 0 8074 0 152565 0 0 0 PART I, LINE 4A REGINA FORD RECEIVED A SEVERANCE PAYMENT OF $21,440 DURING 2024. PART I, LINE 7 THE CEO RECEIVES AN ANNUAL BONUS NOT TO EXCEED 15% OF BASE PAY, AT THE DISCRETION OF THE BOARD. X 342 0 N/A X 37 406206 FAIR MARKET VALUE X BEVERAGES 3 29500 FAIR MARKET VALUE 10 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. PART I, LINE 33: NO REVENUE REPORTED PER FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION 958-360-25. GIFTS OF ART TO THE MUSEUM'S SPECIAL COLLECTION ARE NOT CAPITALIZED OR RECORDED FOR FINANCIAL ACCOUNTING PURPOSES AND, ACCORDINGLY, ARE NOT INCLUDED AS CONTRIBUTED REVENUE IN THE STATEMENT OF ACTIVITIES OR AS RECEIVABLES ON THE BALANCE SHEET. FORM 990, PART I, LINE 6: VOLUNTEERS PROVIDE CUSTOMER SERVICE, SUPPORTING ADMINISTRATIVE TASKS AND WORK WITH SPECIFIC AUDIENCES TO FACILITATE ART EXPERIENCES. ALL BOARD MEMBERS ARE VOLUNTEERS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIR, THE PRESIDENT, EACH VICE PRESIDENT, THE SECRETARY, THE TREASURER, THE IMMEDIATE PAST CHAIR, THE IMMEDIATE PAST PRESIDENT, EACH STANDING COMMITTEE CHAIR AND OTHER AT-LARGE MEMBERS OF THE BOARD OF TRUSTEES, RECOMMENDED BY THE PRESIDENT AND APPOINTED BY THE BOARD. THE TOTAL MEMBERSHIP OF THE EXECUTIVE COMMITTEE IS NO LESS THAN SEVEN (7) NOR MORE THAN TWENTY (20) MEMBERS. THE EXECUTIVE COMMITTEE HAS ALL OF THE POWERS OF THE BOARD OF TRUSTEES BETWEEN BOARD MEETINGS SUBJECT TO THE LIMITATIONS SET FORTH IN THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 2 JON SHIRLEY AND KIM RICHTER SHIRLEY HAVE A FAMILY RELATIONSHIP. JANET KETCHAM, SYLVIA KETCHAM, AND BETH KETCHAM HAVE A FAMILY RELATIONSHIP. LEE ROLFE, ROBERT STRONG, AND JANET KETCHAM, BETH KETCHAM, AND SYLVIA KETCHAM HAVE A BUSINESS RELATIONSHIP. LEE ROLFE, ROBERT STRONG, AND JANET KETCHUM, BETH KETCHUM, AND SYLVIA KETCHUM HAVE A FAMILY RELATIONSHIP. LINDA NORDSTROM AND SALLY NORDSTROM HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE MUSEUM'S BOARD HAS ENTRUSTED THE AUDIT COMMITTEE WITH REVIEWING THE DRAFT FORM 990 IN DETAIL. DUE TO THE SIZE AND COMPLEXITY OF THE ORGANIZATION'S BOARD, A COPY OF THE RETURN IS NOT PROVIDED TO EACH BOARD MEMBER BEFORE FILING; HOWEVER, EACH BOARD MEMBER IS NOTIFIED THAT HE OR SHE CAN REVIEW A COPY OF THE RETURN IF INTERESTED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY APPLIES TO BOARD MEMBERS. A DETERMINATION OF WHETHER A CONFLICT OF INTEREST EXISTS IS MADE BY THE BOARD'S AUDIT COMMITTEE IN CONJUNCTION WITH THE MUSEUM'S SENIOR MANAGEMENT TEAM. WHEN AN ACTUAL CONFLICT IS DETERMINED TO EXIST, THE SPECIFICS OF THE CONFLICT ARE REVIEWED BY THE AUDIT COMMITTEE OR SENIOR MANAGEMENT TEAM. ANYONE WITH A CONFLICT OF INTEREST MUST RECUSE THEMSELVES FROM DISCUSSION AND THE DECISION MAKING PROCESS IN WHATEVER CAPACITY THEY MAY HAVE AUTHORITY OVER THE DECISION. IF THE CONFLICTED INDIVIDUAL IS A VOTING MEMBER OF THE BOARD, THEY WILL RECUSE THEMSELVES FROM DISCUSSION AND VOTING ON MATTERS WHERE THEY ARE CONFLICTED. FORM 990, PART VI, SECTION B, LINE 15A THE MUSEUM'S COMPENSATION COMMITTEE, A SUBSET OF THE BOARD OF DIRECTORS, IS RESPONSIBLE FOR THE SETTING OF AND ANNUAL REVIEW OF THE ILLSLEY BALL NORDSTROM DIRECTOR AND CEO'S COMPENSATION. THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES ANNUALLY REVIEWS THE COMPENSATION OF THE ILLSLEY BALL NORDSTROM DIRECTOR AND CEO AND USES COMPENSATION SURVEY DATA. THE ANNUAL BUDGET INCLUDING THIS ARRANGEMENT IS THEN APPROVED BY THE ENTIRE BOARD BASED ON RECOMMENDATIONS FROM THE EXECUTIVE COMMITTEE. THERE IS CONTEMPORANEOUS SUBSTANTIATION OF THIS DELIBERATION AND DECISION. GENERALLY, THE ILLSLEY BALL NORDSTROM DIRECTOR AND CEO DETERMINES THE SALARY FOR THE CHIEF OPERATING OFFICER, CHIEF FINANCIAL OFFICER, AND THE CHIEF DEVELOPMENT OFFICER. THE LAST COMPENSATION REVIEW OCCURRED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE MOST RECENT AUDITED FINANCIAL STATEMENTS AND TAX RETURN ARE ALSO AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XI, LINE 9: REVERSAL OF PRIOR YEAR PLEDGE LOSS -77,408. NET ASSET TRANSFER ON DISSOLUTION OF LLCS 3,927,519. SAAM BUILDING MASTER TENANT LLC 1300 1ST AVENUE SEATTLE WA 98101 320549913 REAL ESTATE WA N/A 0 0 SAM BUILDING LANDLORD LLC 1300 1ST AVENUE SEATTLE WA 98101 371877275 REAL ESTATE WA N/A 0 0 SAM-SAAM RENOVATION LLC 1300 1ST AVENUE SEATTLE WA 98101 371876275 HOLDING COMPANY WA SEATTLE ART MUSEUM C -1150776 23608116 1.00000 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 SAAM BUILDING MASTER TENANT LLC S 420451 COST SAAM BUILDING MASTER TENANT LLC K 841507 COST SAM-SAAM RENOVATION LLC S 46763501 COST SAM BUILDING LANDLORD LLC S 407874 COST