Muskegon Museum of Art Foundation

“New purpose as stated in amended articles of incorporation adopted by mmaf march 10, 2014 and filed and accepted by mi dept. Of licensing and regulatory affairs as of june 26, 2014. Article ii purposes 1. The corporation is organized solely for charitable and educational purposes within the meaning of section 501(c)(3) of the internal revenue code. 2. The specific purposes for which the corporation is organized are: a. To operate, manage, maintain and control the muskegon museum of art and all associated real and personal property (the "museum"); b. To improve, expand, benefit and advance the museum; c. To solicit, receive and administer funds to support the foregoing charitable and educational purposes.”

“The irs 990 is reviewed with the board of trustees of the muskegon museum of art annually.”

“The organization annually reviews the conflict of interest policy with its board of directors.”

“Salaries are reviewed annually by the organization's personnel committee, with recommendations for changes in compensation taken to full board in the spring for the next fiscal year.”

“The organization's form 1023 and 990 are available upon request. Contact information is provided on the organization's website.”

“The organization's governing documents and financial statements are available upon request. Contact information is provided on the organization's website. Additionally, the articles of nonprofit incorporation and annual reports are available from michigan dept of energy, labor & economic growth at www.dleg.state.mi.us/bcs_corp.”

“The organization managed the operations of the museum for the entire year, reimbursed for costs by muskegon public schools. On june 30, 2014 all assets of the museum were transferred to the muskegon museum of art foundation.”

“Add non-endowed beneficial interests held by others to organization's books 957,612. Equity contribution of museum assets from muskegon public schools 2,120,673.”

“Grants paid to public schools of muskegon were inadvertantly overstated by $154,000. The following pages/schedules were affected by this amendment: page 1, part i, line 13 - reduced from $177,000 to $23,000 page 1, part i, lines 20 and 22 - increased by $154,000 page 2, part iii, line 4a - expenses and grants - reduced by $154,000 page 10, part ix, line 1 - reduced by $154,000 page 11, part x, lines 1 and 27 - increased by $154,000 page 12, part xi, line 2 - reduced by $154,000 page 12, part xi, line 3 and 10 - increased by $154,000 schedule a, part i, section vii - reduced by $154,000 schedule b, part i, item 3 column c - reduced by $154,000 schedule i, part ii, column d - reduced by $154,000 additionally, schedule d, part v, lines 1b and 1d were reduced by $1,639,712 (amounts were netted to each other) schedule d, part vi, line 1b was increased by $16,000 and line 1e was reduced by $16,000”