Idea Museum Foundation

“The Organization reported in kind contributions of $18,962 in revenue and expense in their FY20 reviewed financials. Per IRS requirements, those amounts are excluded from 990 reporting.”

“The Organization makes its governing body documents, conflict of interest policy, and financial statements available to the public upon written request.”

“The process for determining compensation of the Organization's key employee is determined by an annual review by the City of Mesa's management in relation to industry standards.”

“Each Board member signs a conflict of interest policy annually. Board members update status as needed and the Board Affairs Committee regulates activities.”

“The 990 is reviewed by the Finance Committee and presented to the Board during monthly meetings where it is voted on for acceptance.”

“The Organization's Board has an assigned City of Mesa council member that shall serve as the designee for the City of Mesa and shall have one vote on the Board.”

“Service organization with more than 1,500 non voting members.”

“The Executive Director is an employee of the City of Mesa and is not paid directly by the Foundation.”

“No change has been made in the oversight process of the committee.”

“Other expense amounts include $27,166 for dues and subscriptions, $989 for insurance, $14,874 for materials and supplies, $3,190 for bad debts, $946 for event expenses, $1,277 for bank fees, and $443 for shipping and delivery.”

“Other contracted service expenses include payments in the amount of $30,000 to a consulting firm which performed a development feasibility study and $25,212 to the City of Mesa as reimbursement for costs associated with staffing provided by the City.”

“In March 2020, the COVID 19 outbreak was declared a pandemic.As a health precaution and due to the State's limitation on large gatherings, the Museum was closed in mid March and remained closed through the end of the fiscal year and into the Fall. Museum management was forced to make difficult decisions including the release of 16 staff members with the plan to rehire upon reopening. The remaining staff are working on the plan for reopening by recalibrating 15 interactive exhibits, utilizing timed ticketing, one way routing of visitors, and activating an outdoor space to extend capacity. The reopening date is still to be determined.”