The Studio Museum in Harlem

“The form 990 is prepared by an outside accounting firm and is reviewed by the organization's chief financial and operating officer and controller. A complete copy is also provided to all members of the organization's board of trustees for their review prior to filing.”

“The museum has a written conflict of interest policy that applies to officers, trustees, and key employees who are required to disclose annually any interest that could give rise to conflict. The museum regularly and consistently monitors and enforces compliance with the conflict of interest policy. Such persons must disclose to the chairman and the executive committee any relationship, including but not limited to the ownership of works of art, they may have to any artist, living or dead, whose work is under consideration for exhibition, acquisition or disposition by the museum. The executive committee determines whether any conflict of interest exists prior to such exhibition, acquisition or disposition. Such persons must also consult with the chairman with respect to any actual, potential or perceived conflict of interest issue which is either not covered by the preceding guidelines or which there are questions or concerns. The existence and resolution of any conflict of interest is documented museum's records, including the minutes of any meeting at which the conflict was disclosed or voted upon. No person with a conflict of interest may be present at, participate in, or attempt to improperly influence any board or committee deliberations, or voting on a matter involving a conflict of interest.”

“An ad hoc committee of the board of directors works with an independent consultant to review current industry compensation parameters. Their findings and recommendations are reviewed by the executive committee of the board of trustees. The executive committee then determines the compensation of the director and chief curator, the director of institutional advancement, the chief financial and administrative officer, and other top management. The process was last conducted in 2021.”

“The museum makes form 990, and financial statements available to the public on the organization's website and are these documents and are also available upon request. The museum does not make its governing documents or conflict of interest policy available to the public.”

“The studio museum in harlem's purpose is: a) to present historical, contemporary and future trends in the work of african american artists and artists of african descent: to highlight their contributions to world art history, and to provide audiences with opportunities to explore opportunities to explore the issues presented through the work of these artists. B) to develop a permanent collection that documents the contributions of african american artists and artists of african descent to world art history, and that reflects the context within which the museum functions. C) to offer african american artists and artists of african descent greater access to the national and international art world, specifically through the museum's exhibitions and artist-in-residence programs. D) to cultivate present and future audiences and supporters of the museum through membership activities, which provide an awareness of the creative process, that bridge the gap between the studio experience and the museum visit. E) to provide interdisciplinary, multi-dimensional educational and public programs, which expand the concept of learning and enhance a sense of identity, self-esteem and self-knowledge of the studio museum in harlem's audiences.”

“Uncollectible contributions receivable -585,000.”

“The museum has a committee that assumes responsibility for oversight of the audit of its financial statements and the selection of an independent accountant. This process has not changed from the prior year.”