The Montclair Art Museum

“The museum's cfo works closely with an external accounting firm to prepare its irs form 990. A draft of the 990 is then shared and reviewed with the museum's director, president, and treasurer and members of its finance committee. The cfo and these parties present a copy of the 990 to the members of the executive, finance and audit committees, with a reasonable amount of time for their review. Comments are then grouped, summarized, and provided through management to the external accounting firm. A refined draft is distributed to the entire board of trustees for their information and comment. Any applicable questions are addressed, and the return is finalized and approved for filing with the irs. The museum believes this process ensures the complete and accurate reporting of information on the annual return.”

“Every fiscal year board officers, directors and trustees are required to read the museum's conflict of interest policy, and to fill out a questionnaire which discloses any potential conflicts. The museum also requires key employees to fill out the same form.”

“A special ad-hoc committee of the board was created, to review salary comparability data, and make a recommendation to the executive committee and full board regarding an appropriate candidate and compensation structure. The compensation amounts for other key employees are reviewed by the executive committee at the time the position is filled. During the annual budgeting process the board treasurer, museum director and cfo review the salary structure of all positions within the museum.”

“The montclair art museum, makes its form 990 available for public inspection as required under section 6104 of the internal revenue code by posting it on guidestar.org. In addition forms 990 and 1023 as well as the financial statements, and conflict of interest policy are available upon written request at the organizations office at 3 south mountain ave, montclair, nj 07042.”

“Service fees related to buildings & grounds maintenance, parking attendants: program service expenses 121,038. Management and general expenses 0. Fundraising expenses 0. Total expenses 121,038. Event services such as auctioneers, lighting, photographers, flowers, etc.: program service expenses 11,840. Management and general expenses 6,929. Fundraising expenses 41,625. Total expenses 60,394. Expenses relating to tours, family programs, and other education programs: program service expenses 102,035. Management and general expenses 0. Fundraising expenses 0. Total expenses 102,035. Instructor salaries related to workshops and art school parties: program service expenses 64,507. Management and general expenses 0. Fundraising expenses 0. Total expenses 64,507. Exhibition consultants: program service expenses 150,890. Management and general expenses 0. Fundraising expenses 0. Total expenses 150,890. Expenses relating to marketing such as file sharing service, eblast, etc.: program service expenses 4,665. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,665. Investment management fees: program service expenses 75,495. Management and general expenses 770. Fundraising expenses 770. Total expenses 77,035. Accounting fees: program service expenses 0. Management and general expenses 32,343. Fundraising expenses 0. Total expenses 32,343. General consultant expenses: program service expenses 29,124. Management and general expenses 18,629. Fundraising expenses 11,177. Total expenses 58,930.”

“No change from prior year.”