National Gallery of Art

“Copies of the National Gallery's 990 are presented to the members of the Audit Committee of the Board of Trustees for discussion and review. The Audit Committee consists of three General Trustees. The Audit Committee submits a copy of the 990 to the Board of Trustees which approves the 990 before the return is filed with the Internal Revenue Service.”

“The National Gallery regularly and consistently monitors and enforces compliance with its conflict of interest policy by requiring its executive officers, senior level employees, and other employees whose positions have been designated as including significant control or influence over the award of contracts, purchases of goods or services, investments or any other expenditures or commitments made by the National Gallery to review, complete, and sign an annual Ethics Declaration. The Ethics Declaration states that the officer or employee submitting the Declaration understands and has complied with the National Gallery's conflict of interest policy, will continue to comply with that policy, and will consult with the National Gallery's Ethics Officer if compliance questions arise. The Declaration further requires all declarants to disclose any economic interest or employment relationship that the declarant and his or her family members might have in any business or with any individual that is doing or negotiating to do business with the National Gallery. Executive officers and senior level employees further are required to disclose service on the boards of other organizations. Violation of a rule or restriction contained within the National Gallery's conflict of interest policy may constitute a crime under Federal laws and may also result in disciplinary action in addition to or in lieu of any penalty prescribed by law. Trustees, similarly, are required annually to review, complete, and sign the National Gallery's Ethical Guidelines for General Trustees, which addresses conflicts of interest of Trustees and/or members of their family.”

“The goal of the National Gallery's executive compensation process is to attract and retain talented executive leadership through competitive compensation that is comparable to other museum organizations that are similar in scope and activities. The performance of the officers is reviewed annually and compensation is set by the Board of Trustees and documented contemporaneously. The National Gallery's Governance and Compensation Committee of the Board of Trustees retains an outside consultant every three years to survey the compensation of officers of other art museums and similar sized non-profits to evaluate the reasonableness of the officer's compensation.”

“The National Gallery's financial statements are made available to the public on the its website at www.nga.gov. The National Gallery's governing documents and conflict of interest policy are provided to the public upon request.”

“Security contractor: Program service expenses 6,380,490. Management and general expenses 880,067. Fundraising expenses 73,339. Total expenses 7,333,896. Catering: Program service expenses 387,873. Management and general expenses 378,941. Fundraising expenses 302,206. Total expenses 1,069,020. Repairs and maintenance: Program service expenses 3,371,053. Management and general expenses 464,973. Fundraising expenses 38,748. Total expenses 3,874,774. Other services: Program service expenses 9,726,234. Management and general expenses 1,991,959. Fundraising expenses 596,445. Total expenses 12,314,638. Architects: Program service expenses 1,442,688. Management and general expenses 198,991. Fundraising expenses 16,582. Total expenses 1,658,261.”

“Change in value of split-interest agreements 1,998,616. Environmental liability change in value -4,640,254.”