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        <FormAndLineReferenceDesc>Schedule D, Part III, Line 4</FormAndLineReferenceDesc>
        <ExplanationTxt>One of the core exempt purposes of our organization is the care and preservation of the collections of under-represented artists to educate the public on the works of brilliant, relatively unknown artists. In caring for the collection of late artist Carlo Pittore, currently valued at $955,400.00, IAM is committed to documenting, inventorying, and creating a digital archive of Pittore's work to be accessed by scholars, artists, curators, and members of the general public. We are also invested in loaning works for public exhibition, creating publications on the artist and his work, and preserving the work for future generations. A second gift of portraits of Pittore, valued at $10,000, was donated by acclaimed photographer Judy Glickman Lauder in 2019. These photographs will be used to help educate the public on the life of Carlo Pittore, and may be included in future retrospective exhibitions and/or publications on the artist.</ExplanationTxt>
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        <MethodOfDeterminingRevenuesTxt>Cash value at time of gift</MethodOfDeterminingRevenuesTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part III, Line 2</FormAndLineReferenceDesc>
        <ExplanationTxt>Josefina Auslender Retrospective Exhibition: The organization took on preliminary preparations for the Josefina Auslender retrospective exhibition - the first of its kind. This effort included a series of audio recordings, multiple meetings with the artist to review artwork, and discussions with curators and museum personnel.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section B, Line 11b</FormAndLineReferenceDesc>
        <ExplanationTxt>Form 990 is shared with all members of the IAM board for review before submitting it to the IRS.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section B, Line 12c</FormAndLineReferenceDesc>
        <ExplanationTxt>Board members self-identify whenever a conflict of interest is present during board communications and decisions, recusing themselves from the voting process if/when a conflict arises. This process is documented in meeting minutes.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section B, Line 15</FormAndLineReferenceDesc>
        <ExplanationTxt>At the time of appointing Sarah Bouchard as Acting Executive Director, the board reviewed fair compensation and discussed potential conflicts of interest. The board reviewed the unique circumstances that made Bouchard the ideal candidate for the position, even as an active board member. This process was undertaken in 2018. She has undertaken the part-time role as an independent contractor ever since. There are no other officers or key employees of the organization. Anyone else working on behalf of the organization goes through a significant review process, and all work as independently contracted individuals.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section C, Line 19</FormAndLineReferenceDesc>
        <ExplanationTxt>All of our governing documents, conflict of interest policy and financial statements are available to the public upon request.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>These funds were allocated toward independent contractors working on the Josefina Auslender Exhibition Project, the Josefina Auslender Archiving Project, and the Carlo Pittore Archiving Project.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>Contract Work for the Josefina Auslender Retrospective Exhibition Project: This figure includes $25/hour rate + all travel expenses and audio recording equipment.</ExplanationTxt>
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