2025-08-06T18:18:26-05:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 6565 AMERICAS PARKWAY NE STE 600 ALBUQUERQUE NM 87110 990 2024-01-01 811012846 THE O'KEEFFE MUSEUM FOUNDATION SUPP 5059461000 217 JOHNSON STREET SANTA FE NM 87501 LYNNE HOHLFELD TREASURER 5059461000 2025-08-05 1 1 STEVEN TALBOT P01695427 5058787200 2025-08-05 2024 2025-03-06 01:10:19Z JANE BAGWELL 217 JOHNSON STREET SANTA FE NM 87501 8222042 0 X N/A X 2016 NM TO SUPPORT AND PERFORM FUNCTIONS OF THE GEORGIA O'KEEFFE MUSEUM 7 7 0 7 0 0 8507100 4331002 0 0 1996313 2126492 0 0 10503413 6457494 0 0 0 0 286467 199227 96000 96000 310751 764783 644573 1147250 939800 9356163 5517694 76300659 82015083 4670895 5552980 71629764 76462103 THE ORGANIZATION OPERATES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF THE GEORGIA O'KEEFFE MUSEUM. 0 0 542549 TO SUPPORT, PERFORM THE FUNCTIONS OF, OR CARRY OUT THE PURPOSES AND CARE OF THE GEORGIA O'KEEFFE MUSEUM AND ITS COLLECTIONS. THE FOUNDATION IS PLAYING AN INTEGRAL ROLE IN THE DEVELOPMENT OF THE CAPITAL CAMPAIGN FOR A PROPOSED NEW MUSEUM. IN 2021, THE MUSEUM ANNOUNCED THE BOLD AND INCLUSIVE VISION TO CREATE A REIMAGINED WORLD-CLASS MUSEUM FACILITY AND COMMUNITY GREEN SPACE. THE NEW PLANNED MUSEUM BUILDING IS 54,000 SQUARE FEET ON A ONE-ACRE LOT. CONSTRUCTION IS UNDERWAY, AND THE NEW MUSEUM IS SET TO OPEN IN 2027. 542549 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 CA FL IL MD NM NY OK X X JUDY SCHARMER 5059461034 217 JOHNSON ST SANTA FE NM 87501 X JANE BAGWELL CHAIR 1.00 2.30 X X 0 0 0 DAVID WARNOCK VICE CHAIR 1.00 2.30 X X 0 0 0 MICHAEL CANNON TREASURER/SECRETARY (THRU 12/31/24) 2.30 X X 0 0 0 JACK KINZIE BOARD MEMBER 1.00 X 0 0 0 ROXANNE DECYK BOARD MEMBER 1.00 X 0 0 0 LYNNE HOHLFELD BOARD MEMBER 1.00 X 0 0 0 JAY RALPH BOARD MEMBER 1.00 2.30 X 0 0 0 0 0 0 0 0 0 0 BRADBURY STAMM CONSTRUCTION 7110 2ND STREET NW ALBUQUERQUE NM 87107 CONSTRUCTION 2270223 DEVENDRA NARAYAN CONTRACTOR ARCHITECT LL 924 SHOOFLY ST SUITE A SANTA FE NM 87505 ARCHITECT 1133397 JENKINSGAVIN INC 130 GRANT AVE 101 SANTA FE NM 87501 PROJECT MANAGER 297212 REED-HILDERBRAND LLC 130 BISHOP ALLEN DRIVE 3 CAMBRIDGE MA 02139 LANDSCAPE ARCHITECT 223502 SWCA PO BOX 7217 CAROL STREAM IL 60197 ARCHAEOLOGICAL 135243 5 750000 3581002 20617 4331002 2225952 2225952 1665088 694388 1070160 970700 -1070160 -99460 -99460 6457494 0 0 2126492 X 158010 7041 10241 140728 4759 75 110 4574 25073 633 921 23519 11385 619 900 9866 96000 96000 100 100 4053 9 2 4042 95573 75502 15292 4779 533633 449811 57140 26682 11214 8859 1794 561 939800 542549 86500 310751 854327 1037628 26124024 25443130 6448535 4922598 27351878 3622239 20780559 23729639 19994185 24767636 1621105 1703322 477924 411130 76300659 82015083 342182 556093 4328713 4996887 4670895 5552980 X 33075886 36300881 38553878 40161222 71629764 76462103 76300659 82015083 X 5517694 -766372 81017 X 0 1 X 1 0 X X X 1 GEORGIA O'KEEFFE MUSEUM 850437114 7 1 0 542549 1 0 542549 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART I, LINE 12G, COL. (VI) THE $542,549 REPRESENTS THE PROGRAM SERVICES PROVIDED BY THE O'KEEFFE MUSEUM FOUNDATION IN SUPPORT OF ITS SUPPORTED ORGANIZATION, THE GEORGIA O'KEEFFE MUSEUM. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 46118209 3716737 2425827 2050007 50210766 39552235 4314846 2251278 150 46118209 13819351 26402878 -669969 25 39552235 13893149 -73798 13819351 0.39440 0.60560 0 0 3568084 3568084 14135180 3611261 10523919 44566 7428 37138 9604048 3550 9600498 23729639 INTERCOMPANY PAYABLE 4535486 LEASE LIABILITIES 461401 4996887 X PART V, LINE 4: THE MUSEUM ENDOWMENTS AND OTHER DONOR-RESTRICTED FUNDS MUST BE SPENT ACCORDING TO THE DONOR-DESIGNATED PURPOSE. IN ADDITION, ENDOWMENT FUNDS REQUIRE THE PRESERVATION OF THE HISTORIC DOLLAR VALUE. THE BOARD OF THE MUSEUM HAS INTERPRETED THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (UPMIFA) AS REQUIRING THE MAINTENANCE OF THE LONG-TERM PURCHASING POWER OF THE DONOR-RESTRICTED ENDOWMENT FUNDS ABSENT EXPLICIT DONOR STIPULATIONS TO THE CONTRARY. DONOR-RESTRICTED FUNDS INCLUDE: THE CAPITAL CAMPAIGN FUND IS TO BE USED FOR THE CONSTRUCTION OF A NEW MUSEUM CAMPUS. PART X, LINE 2: THE MUSEUM IS A NOT-FOR-PROFIT ORGANIZATION AND QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FASB ISSUED AUTHORITATIVE GUIDANCE RELATING TO THE ACCOUNTING FOR THE UNCERTAINTY IN INCOME TAXES. THE GUIDANCE CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN CONSOLIDATED FINANCIAL STATEMENTS IN ACCORDANCE WITH GAAP. THE GUIDANCE ALSO REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE MUSEUM'S INFORMATION RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE-LIKELY-THAN-NOT" OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX BENEFIT OR EXPENSE IN THE CURRENT YEAR. IN ADDITION, GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, AND DISCLOSURE AND TRANSITION WAS ALSO PROVIDED. AS OF DECEMBER 31, 2024 AND 2023, THE MUSEUM PERFORMED A COMPREHENSIVE REVIEW OF ITS MATERIAL TAX POSITIONS IN ACCORDANCE WITH RECOGNITION AND MEASUREMENT STANDARDS ESTABLISHED BY GAAP. AS A RESULT OF THIS REVIEW, THE MUSEUM HAD NO UNREPORTED INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES AND DID NOT IDENTIFY ANY ENTITY LEVEL TAX POSITIONS THAT WOULD NOT MEET THE MORE-LIKELY-THAN-NOT THRESHOLD. X X X X X 1 ALEXANDER HAAS 3520 PIEDMONT ROAD NE SUITE 450 ATLANTA GA 30305 FUNDRAISING CONSULTANT 0 3581002 96000 3485002 3581002 96000 3485002 CA FL IL MD NM NY OH OK SCHEDULE G, PART I, LINE 2B, COLUMN (V) THE PROFESSIONAL FUNDRAISER IS A PAID CONSULTANT TO THE ORGANIZATION AND IS PAID COMPENSATION ACCORDING TO A WRITTEN AGREEMENT THAT INCLUDES EXPENSE REIMBURSEMENTS. FORM 990, PART VI, SECTION A, LINE 7A THE GEORGIA O'KEEFFE MUSEUM HAS THE POWER TO APPOINT DIRECTORS FOR THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7B THE FOUNDATION CANNOT SELL, LEASE, OR ENCUMBER ANY REAL PROPERTY HELD BY IT, OR ALLOW ANY BUSINESS ORGANIZATION FORMED BY IT TO SELL, LEASE, OR ENCUMBER ANY REAL PROPERTY WITHOUT THE WRITTEN CONSENT OF A TWO-THIRDS MAJORITY OF THE MUSEUM BOARD OF TRUSTEES. THE FOUNDATION ALSO CANNOT BORROW IN EXCESS OF $1 MILLION WITHOUT THE WRITTEN CONSENT OF A TWO-THIRDS MAJORITY OF THE MUSEUM BOARD OF TRUSTEES. DIRECTORS OF THE FOUNDATION MAY BE REMOVED WITH OR WITHOUT CAUSE BY A MAJORITY VOTE OF THE MUSEUM BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED IN DETAIL BY THE FINANCE AND AUDIT COMMITTEE AND THEN IS DISTRIBUTED TO THE FULL BOARD FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE DIRECTORS OF THE O'KEEFFE MUSEUM FOUNDATION FOLLOW THE CONFLICT OF INTEREST POLICY OF THE GEORGIA O'KEEFFE MUSEUM, ITS SUPPORTED ORGANIZATION. THE FOUNDATION'S DIRECTORS WORK FOR OR SERVE ON THE BOARD OF THE GEORGIA O'KEEFFE MUSEUM. UNDER THE CONFLICT OF INTEREST POLICY OF GOKM, BOARD MEMBERS AND OFFICERS COMPLETE A CONFLICT OF INTEREST FORM ANNUALLY. ANY CONFLICTS OR POTENTIAL CONFLICTS ARE REVIEWED PERIODICALLY THROUGHOUT THE YEAR WITH THE DIRECTOR AND BOARD CHAIR & PRESIDENT, WHEN APPROPRIATE OR NEEDED. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE AUDITED FINANCIAL STATEMENTS ARE POSTED ON OUR WEBSITE. FORM 990, PART IV, LINES 13 AND 14: THE O'KEEFFE MUSEUM FOUNDATION FOLLOWS THE WHISTLEBLOWER AND DOCUMENT RETENTION AND DESTRUCTION POLICIES OF THE GEORGIA O'KEEFFE MUSEUM, ITS SUPPORTED ORGANIZATION. FORM 990, PART IX, STATEMENT OF FUNCTIONAL EXPENSES: ALTHOUGH THE FILING ORGANIZATION DOES NOT PAY COMPENSATION AND DOES NOT ISSUE FORMS W-2, IT IS REPORTING PAYROLL EXPENSES ALLOCATED TO IT FROM ITS SUPPORTED ORGANIZATION ON FORM 990, PART IX, STATEMENT OF FUNCTIONAL EXPENSES. FORM 990, PART IX, STATEMENT OF FUNCTIONAL EXPENSES: ADDITIONAL EXPENSES RELATED TO FUNDRAISING FOR THE O'KEEFFE MUSEUM FOUNDATION ARE REFLECTED ON THE FORM 990 FOR THE GEORGIA O'KEEFFE MUSEUM. WHILE THE FOUNDATION IS PLAYING AN INTEGRAL ROLE IN THE DEVELOPMENT OF THE CAPITAL CAMPAIGN FOR A NEW MUSEUM FACILITY, THE PERSONAL AND INFRASTRUCTURE DEDICATED TO FUNDRAISING FOR BOTH ORGANIZATIONS ARE MOSTLY PART OF THE MUSEUM'S OPERATIONS. WHEN THE AMOUNTS FROM THEIR RESPECTIVE FORM 990'S ARE COMBINED, THE MUSEUM AND FOUNDATION HAD TOTAL CONTRIBUTIONS OF $6,155,980, AND TOTAL FUNDRAISING EXPENSES OF $1,336,656. FORM 990, PART XI, LINE 9: REVERSAL OF PLEDGE DISCOUNT 81,017. 200 W MARCY LLC 217 JOHNSON ST SANTA FE NM 87501 REAL ESTATE HOLDING NM 0 4428561 THE O'KEEFFE MUSEUM FOUNDATION 123-135 GRANT LLC 217 JOHNSON ST SANTA FE NM 87501 920990821 REAL ESTATE HOLDING NM 0 22618681 THE O'KEEFFE MUSEUM FOUNDATION 310 MCKENZIE LLC 217 JOHNSON ST SANTA FE NM 87501 REAL ESTATE HOLDING NM 0 671200 THE O'KEEFFE MUSEUM FOUNDATION GEORGIA O'KEEFFE MUSEUM 217 JOHNSON STREET SANTA FE NM 87501 850437114 MUSEUM NM 501(C)(3) LINE 7 N/A 0 GOKM INNOVATIONS INC 217 JOHNSON STREET SANTA FE NM 87501 475622335 CONSERVATION PRODUCT DEVELOPMENT DE THE O'KEEFFE MUSEUM FOUNDATION C -73341 1.00000 1 0 0 0 0 1 0 0 0 0 1 0 1 1 1 1 1 1 0 0