The Nelson Gallery Foundation

“Description of practices re: documentation of mtgs & actions of committees- minutes are taken for all committees except nominating and governance. A report is given at the board of trustee meetings and included in those meeting minutes.”

“Describe the process used by management &/or governing body to review 990- initial compilation of the information for the return is completed by finance department staff with review by the vice president, finance and subsequent review by the chief operating officer prior to transmission to the accounting firm for return preparation. Upon receipt of completed return and review by the vice president, finance the return will be provided to the chief executive officer, chief operating officer, audit committee and to all trustees for review prior to filing.”

“Monitoring and enforcement of compliance with conflict of interest policy- the conflict of interest policy requires the completion of a written questionnaire by each director, officer, member of a committee with board-delegated power and key employees, on an annual basis. The questionnaire addresses each individual's acknowledgement of the receipt of the code of conduct and the conflict of interest policy and their compliance with it, along with requiring responses to detailed questions related to specific areas that could raise a conflict. The board chair of the board of trustees would review any identified conflicts of interest and determine whether any further action would need to occur.”

“Offices and positions for which process was used and year process began- the executive committee and board chair of the board of trustees reviews the compensation and employment benefits of the director/ceo on an annual basis. A variety of salary survey information is provided by the director, human resources during this process including surveys by american association of museum directors, the american alliance of museums, society for human resources management, and the non-profit times salary and benefit report. The last review was conducted on may 1, 2019 by richard green, board chair. For 2020, due to the economic effects of the covid-19 pandemic all wages salaries were frozen at prior year levels.”

“Process for making documents available to the public- the governing documents and conflict of interest policy are not generally made available to the public. Audited financial statements for the prior year are available on the organization's website.”

“The nelson-atkins museum of art is where the power of art engages the spirit of community. We welcome and provide free admission to all, and deliver unparalleled opportunities to enjoy, appreciate and understand the finest visual arts and the varied cultures they represent - on our campus, online, and throughout kansas city. As an institution of national and international renown, we establish and adhere to the highest professional standards and practices in research, scholarship, presentation, interpretation and care of our collections. We serve as a vital partner in the educational, social and cultural life of our community, using our collections and programs to build an environment where people can gather, share and contemplate the greatest creations of humankind. Every day, in all we do, the nelson-atkins is committed to nurturing excellence, inspiring creativity and building community through the power of art.”

“The Nelson-Atkins Museum of Art's collection of over 40,000 objects spans 5,000 years. It is celebrated for its holdings of Chinese art, considered among the best in the world, with important collections of Japanese and South and Southeast Asian works of art. Its celebrated European paintings collection-including the second painting by Vincent van Gogh purchased by a US museum-contain one of the few Caravaggio paintings in North America, as well as masterpieces of Impressionist art. The photography collection is one of the finest in the country, spanning the entire history of the medium. The acclaimed Native American collections are among the oldest in the US. There also important collections of eighteenth century European decorative arts, American paintings and sculpture, and African art, complemented by the 22 acre Donald J. Hall Sculpture Park, which acts as one of the city's front lawns and is the site of free, popular festivals celebrating Juneteenth, South and Southeast Asian heritage, and Lunar New Year, among other communities. In recent years, the Museum has dramatically increased its contemporary collections with a deliberate campaign of inclusivity, acquiring important works in all media by BIPOC makers.”

“Other changes in net assets or fund balances- change in value of trusts held by others 3,182,495 acquisition and disposition of art 119,440 ----------- total 3,063,055”

“The audit committee is responsible for engaging the audit firm and review of the draft audited financial statements before issuance.”