The Barnes Foundation

“The barnes foundation 990 is prepared by an independent firm based on information provided by management. A draft is reviewed and revised by the executive vice president, cfo and coo, the director of finance and the general counsel (members of management). The 990 is then finalized by the independent firm and the barnes foundation submits the draft 990 for review to all board members prior to filing. After a comment period, form 990 is submitted to the irs.”

“In addition to requiring each trustee, officer and key employee to make a disclosure of any possible personal, familial, or business relationship that could give rise to a conflict of interest or the appearance of a conflict of interest, the foundation's conflict of interest policy also requires the disclosure of any change of circumstance that would give rise to conflicts concerns. Moreover, the foundation has adopted a whistleblower policy designed to encourage prompt disclosure by trustees, officers and employees of any unlawful or improper behavior or transactions, including those that raise potential conflict of interest concerns. Each year all directors, officers, trustees and key employees are reminded of their obligations to comply with the conflict on interest policy at the organization's annual meeting and periodically at other times during the year.”

“The barnes foundation performs a review of the compensation and benefits package (including fringe, retirement and severance benefits) for key employees at the time of hire. This review relies upon comparability data to determine whether the compensation arrangement in its entirety is reasonable. For this purpose, appropropriate and relevant information includes compensation paid by similiarly situated tax-exempt and taxable organizations for functionally comparable positions. This review also takes into account the size, revenue, geographic location, structure and complexity of the organization.”

“The barnes foundation's by-laws, charter, financial statements and certain other governing documents (e.g., conflict of interest policy), are available for review upon request for the same period of disclosure as set forth in section 6104(d), directed to the following: general counsel (a member of management), barnes foundation, 2025 benjamin franklin parkway, philadelphia, pa 19130.”

“The foundation also has an art library in its philadelphia facility which is open to students, faculty and researchers, generally by appointment. The foundation has a large living collection, which is maintained in its 12 acre arboretum. The living collection contains over 2,500 taxa of woody plants and perennials. In addition, the foundation has an herbarium which includes over 10,000 preserved plant specimens. The foundation's living collection includes over 38 "state champion" trees. In 2017, 104 types of new specimens were added to the living collection. The foundation also has a horticulture library in its merion facility which is open to students and faculty, and can be available to the general public by appointment. The barnes arboretum is home for a national display garden of hosta, the largest collection of hardy ornamental ferns in the mid-atlantic states, and a display garden of medicinal plants unique in the delaware valley region. Expenses for collections care includes a pro-rata share of depreciation and other facility costs all locations.”

“Community programs: program service expenses 16,710. Management and general expenses 0. Fundraising expenses 0. Total expenses 16,710. Conservation: program service expenses 60,554. Management and general expenses 0. Fundraising expenses 0. Total expenses 60,554. Education: program service expenses 49,216. Management and general expenses 0. Fundraising expenses 0. Total expenses 49,216. Exhibitions: program service expenses 1,114,930. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,114,930. Innovation: program service expenses 214,809. Management and general expenses 0. Fundraising expenses 0. Total expenses 214,809. Other professional services: program service expenses 0. Management and general expenses 371,037. Fundraising expenses 50,977. Total expenses 422,014. Public programs: program service expenses 162,221. Management and general expenses 0. Fundraising expenses 0. Total expenses 162,221. Security: program service expenses 1,364,902. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,364,902.”

“Reserve on beneficial interest in lead trust -6,171.”