2025-11-17T12:56:23-06:00 2024-12-31 946214841 ARMANINO ADVISORY LLC 2700 CAMINO RAMON STE 350 SAN RAMON CA 945835004 990 2024-01-01 474019904 THE UNDERGROUND MUSEUM INC UNDE 3239899925 3508 W WASHINGTON BLVD LOS ANGELES CA 90018 KARON DAVIS PRESIDENT/CEO 3239899925 2025-11-17 1 1 KATY BROWN P00650274 9257902600 2025-11-17 2024 2025-03-06 01:10:19Z KARON DAVIS 3508 W WASHINGTON BLVD LOS ANGELES CA 90018 10165 0 X THEUNDERGROUND-MUSEUM.ORG X 2015 CA TO ENCOURAGE AND DISPLAY ART OF ALL FORMS. 1 1 0 1 0 0 1038 869 0 0 0 0 0 9296 1038 10165 0 0 0 0 0 0 0 0 0 265213 118262 265213 118262 -264175 -108097 495182 404126 8385 25426 486797 378700 TO ENCOURAGE AND DISPLAY ART OF ALL FORMS. 0 0 SERVES AS A KEY CONDUIT TO DEVELOP COMMUNITY PARTICIPATION THROUGH A BROAD RANGE OF ACTIVITIES UTILIZING BOOKS, EXHIBITIONS OF ARTISTIC WORKS, AND COMMUNITY ACTIVITIES. THE ORGANIZATION IS IN PROCESS OF CEASING OPERATIONS. 1 0 0 0 0 0 0 1 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 CA X KARON DAVIS 3239899925 3508 W WASHINGTON BLVD LOS ANGELES CA 90018 X DEANA HAGGAG BOARD MEMBER 15.00 X X 0 0 0 KARON DAVIS PRESIDENT/CEO 40.00 X 0 0 0 0 0 0 0 0 0 0 0 869 869 4459 0 4459 4459 OTHER REVENUE 900099 4837 4837 4837 10165 4459 0 4837 20953 20953 28475 28475 163 163 4601 4601 59781 59781 4289 4289 118262 0 118262 0 101847 45872 10506 10506 24700 525121 202073 382829 323048 495182 404126 3385 3786 5000 21640 8385 25426 X 486797 378700 486797 378700 495182 404126 -108097 0 X 0 0 0 X 1338007 1944432 510111 1038 869 3794457 1338007 1944432 510111 1038 869 3794457 1443725 2350732 4 20167 9589 29760 467 4837 5304 3829521 184354 0.61380 0.63140 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2020 AMOUNT: $ 467. 2024 AMOUNT: $ 4,837. X 0 518618 197665 320953 6503 4408 2095 323048 DEPOSITS 21640 21640 PART III, LINE 4: THE MUSEUM HOLDS PHOTO COLLECTIONS IN ITS PERMANENT COLLECTION FOR PUBLIC EXHIBITION. THE MUSEUM'S COLLECTION OBJECTIVES ARE FOR EDUCATIONAL AND CULTURAL PURPOSES. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION DESIGNATES THE PRESIDENT/CEO TO REVIEW FORM 990. THEN, A COPY OF FORM 990 IS MADE AVAILABLE TO THE GOVERNING BODY VIA EMAIL FOR FINAL REVIEW AND APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS MUST AVOID REAL, POTENTIAL, OR PERCEIVED CONFLICTS OF INTEREST WITH THE ORGANIZATION. EACH DIRECTOR HAS A DUTY TO REPORT TO THE PRESIDENT OF THE BOARD OF DIRECTORS ANY CONFLICT OF INTEREST OR QUESTIONABLE ETHICAL PRACTICE OF WHICH THEY BECOME AWARE. ANY DIRECTOR, OFFICER, OR KEY EMPLOYEE WHO HAS A FINANCIAL INTEREST, OR WHOSE FAMILY MEMBERS HAVE A FINANCIAL INTEREST, IN A CONTRACT, AGREEMENT, OR OTHER TRANSACTION PROPOSED TO THE ORGANIZATION MUST REPORT SAID PROPOSAL TO THE PRESIDENT OF THE BOARD OF DIRECTORS FOR REVIEW BY THE BOARD BEFORE ANY CONTRACT, AGREEMENT, OR TRANSACTION IS ENTERED INTO WITH THE UNDERGROUND MUSEUM. ONCE REPORTED TO THE BOARD, THE BOARD SHALL REVIEW THE PROPOSED TRANSACTION TO DETERMINE WHETHER OR NOT THE TRANSACTION PRESENTS A CONFLICT OF INTEREST TO THE ORGANIZATION. TO EVALUATE THE TRANSACTION, THE BOARD WILL LOOK AT FACTORS, INCLUDING BUT NOT LIMITED TO, WHETHER THE TERMS OF ANY SUCH TRANSACTION ARE IN THE BEST INTERESTS OF THE ORGANIZATION, AND WHETHER THEY ARE AS FAVORABLE TO THE UNDERGROUND MUSEUM AS THEY ARE TO THE OPEN MARKET. ANY DIRECTOR, OFFICER, OR KEY EMPLOYEE WHO HAS AN INTEREST IN THE PROPOSED TRANSACTION, OR WHO STANDS TO GAIN FROM SAID TRANSACTION, SHALL ABSTAIN FROM PARTICIPATING IN THE BOARD'S VOTE AND DISCUSSION ON THE MATTER, EXCEPT AS THEIR INFORMATION IS REQUIRED BY THE BOARD TO MAKE A PRUDENT INQUIRY INTO THE TRANSACTION. A QUORUM OF DISINTERESTED DIRECTORS MUST BE PRESENT FOR A VOTE ON ANY SUCH TRANSACTION, AND ABSENT SUFFICIENT DISINTERESTED DIRECTORS TO CONSTITUTE A QUORUM, THE CONTRACT, AGREEMENT, OR OTHER TRANSACTION WILL NOT BE APPROVED. IN THE EVENT THAT THE ORGANIZATION PROCURES GOODS OR SERVICES FROM A DIRECTOR OR A RELATED PARTY (SUCH AS A DIRECTOR'S BUSINESS, ORGANIZATION, ASSOCIATES OR FAMILY MEMBERS), THE TRANSACTION MUST BE AN "ARMS LENGTH" TRANSACTION, THE FAIRNESS OF WHICH MUST BE APPROVED IN ADVANCE BY THE BOARD UPON A VOTE OF A QUORUM OF DISINTERESTED DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 ALL CHANGES IN COMPENSATION AND HIRING FOR MANAGEMENT ARE REVIEWED AND APPROVED BY A VOTE OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST FOR PUBLIC REVIEW.