TY 2012 Form 990 Schedule O

efile Public Visual Render ObjectId: 201432239349301048 - Submission: 2014-08-11 TIN: 53-0206027

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.

OMB No. 1545-0047

2012

Open to Public
Inspection

Name of the organization

Smithsonian Institution

Employer identification number

53-0206027

Identifier	Return Reference	Explanation
	Form 990, Part VI, Section A, line 2	Steve Case and Patricia Stonesifer who are members of the Board serve as directors in the same business entity.
	Form 990, Part VI, Section A, line 7a	Pursuant to federal statute, the Board of Regents consists of the Vice President of the United States, the Chief Justice of the United States, three members of the U.S. Senate, three members of the U.S. House of Representatives, and nine additional citizen Regents. The three Senators are appointed by the President Pro Tempore of the U.S. Senate, and the three members of the House of Representatives are appointed by the Speaker of the House of Representatives. Their appointment terms coincide with the terms for which they are elected, and they may be reappointed if re-elected. The citizen Regents are nominated by the Board of Regents, and appointed by a Joint Resolution of Congress which is signed by the President of the United States.
	Form 990, Part VI, Section B, line 11	The Form 990 return is prepared by staff in the Office of Finance & Accounting (OF&A). It is then reviewed by the Director of OF&A, General Counsel, Chief Financial Officer, an adviser to the Board of Regent's Audit & Review Committee and the Secretary of the Smithsonian, as well as by external tax advisors. After this review process, the 990 is made available to the full Board for its review and comment. The Audit & Review Committee conducts a final review of the return at a regularly scheduled Committee meeting prior to its filing.
	Form 990, Part VI, Section B, line 12c	All officers, key employees, and certain other employees are required to complete and file annually a Confidential Financial Disclosure Report. These Reports--which require disclosure of certain assets, earned income, liabilities, outside positions, outside contracts and agreements, gifts, hospitality, reimbursements, and other interests related to the employee's Smithsonian position--are reviewed by the Institution's Office of General Counsel for compliance with applicable conflict of interest policies and laws. In addition to this required reporting, all key employees are required to comply with the Institution's Standards of Conduct, which, among other things, requires that employees not engage in private or personal activities that might conflict or appear to conflict with Smithsonian interests, requires that employees obtain Office of General Counsel approval before engaging in a related outside activity for compensation, and requires employees to consult with the Office of General Counsel whenever a doubt exists as to whether an activity or planned activity violates the Standards. All members of the Smithsonian's governing body are required to complete and file annually the Board of Regents Annual Disclosure Statement. These statements - which require reporting by members of outside positions and substantial shareholding in for-profit business entities, outside positions in non-profit entities, and interests and affiliations of the member or the member's immediate family that have or sought to have a relationship to the Smithsonian-are reviewed by the Institution's General Counsel for compliance with applicable conflict of interest policies and laws. In addition to this required reporting, all members of the Smithsonian's governing body are required to comply with the Board of Regents Ethics Guidelines, which, among other things, define conflicts of interest and establish procedures for disclosing and reporting of conflicts and recusal from decision-making.
	Form 990, Part VI, Section B, line 15	The Smithsonian ensures that compensation paid to officers and other key employees is reasonable and comparable to similar organizations. Employees of the Smithsonian may be paid with federally appropriated funds or with nonfederal ("Trust") funds. Most Trust funded (nonfederal) officer and key employee positions are subject to market-based compensation, and the Board of Regent's Committee on Compensation and Human Resources engages an independent consultant to develop and assemble comparability data for its consideration and to inform it decisions. The Committee's annual deliberations and decisions are documented as part of the final recommendation materials submitted to the Board of Regents. Salaries for Federal employees are determined by statutorily established pay ranges for civil service employees. As a matter of policy, the Smithsonian has established similar ranges for certain Trust funded officer and key employee positions and maintains those ranges in proportion to the appropriate Federal pay ranges.
	Form 990, Part VI, Section C, line 19	Form 990, Part VI, Section C, Line 19: The Smithsonian makes these documents available on its public website (www.si.edu). The documents can also be viewed at the Office of Finance & Accounting or mailed.
Changes in Net Assets or Fund Balances:	Form 990, Part XI, line 9:	Change in FONZ net assets 2,186,172. Deferred gain on building 3,908,586. Change in minority interest-SI Network 2,951,520. Refund of contribution -2,000,000. Environmental remediation obligation FASB ASC 410-20 -69,150,000.
Type of organization (other)	Form 990, Page 1, Line K	The Smithsonian Institution is a trust instrumentality of the U.S., created by Congress; organized pursuant to 20 U.S.C. sec. 41 et seq.
	Form 990, Page 1, Line M	As a trust instrumentality of the United States, the Smithsonian Institution is a federal entity that is not domiciled in any state.
The following are abbreviations found in the body of this return:	Form 990, Part VII and Schedule J-2	AIB - Arts and Industry Building FONZ - Friends of the National Zoo HMSG - Hirshhorn Museum and Sculpture Garden NASM - National Air and Space Museum NMAAHC - National Museum of African American History and Culture NMAH - National Museum of American History NMNH - National Museum of Natural History NZP - National Zoological Park OPMB - Office of Planning, Management and Budget SERC - Smithsonian Environmental Research Center SI - Smithsonian Institution

Identifier

Return Reference

Explanation

Form 990, Part VI, Section A, line 2

Steve Case and Patricia Stonesifer who are members of the Board serve as directors in the same business entity.

Form 990, Part VI, Section A, line 7a

Pursuant to federal statute, the Board of Regents consists of the Vice President of the United States, the Chief Justice of the United States, three members of the U.S. Senate, three members of the U.S. House of Representatives, and nine additional citizen Regents. The three Senators are appointed by the President Pro Tempore of the U.S. Senate, and the three members of the House of Representatives are appointed by the Speaker of the House of Representatives. Their appointment terms coincide with the terms for which they are elected, and they may be reappointed if re-elected. The citizen Regents are nominated by the Board of Regents, and appointed by a Joint Resolution of Congress which is signed by the President of the United States.

Form 990, Part VI, Section B, line 11

The Form 990 return is prepared by staff in the Office of Finance & Accounting (OF&A). It is then reviewed by the Director of OF&A, General Counsel, Chief Financial Officer, an adviser to the Board of Regent's Audit & Review Committee and the Secretary of the Smithsonian, as well as by external tax advisors. After this review process, the 990 is made available to the full Board for its review and comment. The Audit & Review Committee conducts a final review of the return at a regularly scheduled Committee meeting prior to its filing.

Form 990, Part VI, Section B, line 12c

All officers, key employees, and certain other employees are required to complete and file annually a Confidential Financial Disclosure Report. These Reports--which require disclosure of certain assets, earned income, liabilities, outside positions, outside contracts and agreements, gifts, hospitality, reimbursements, and other interests related to the employee's Smithsonian position--are reviewed by the Institution's Office of General Counsel for compliance with applicable conflict of interest policies and laws. In addition to this required reporting, all key employees are required to comply with the Institution's Standards of Conduct, which, among other things, requires that employees not engage in private or personal activities that might conflict or appear to conflict with Smithsonian interests, requires that employees obtain Office of General Counsel approval before engaging in a related outside activity for compensation, and requires employees to consult with the Office of General Counsel whenever a doubt exists as to whether an activity or planned activity violates the Standards. All members of the Smithsonian's governing body are required to complete and file annually the Board of Regents Annual Disclosure Statement. These statements - which require reporting by members of outside positions and substantial shareholding in for-profit business entities, outside positions in non-profit entities, and interests and affiliations of the member or the member's immediate family that have or sought to have a relationship to the Smithsonian-are reviewed by the Institution's General Counsel for compliance with applicable conflict of interest policies and laws. In addition to this required reporting, all members of the Smithsonian's governing body are required to comply with the Board of Regents Ethics Guidelines, which, among other things, define conflicts of interest and establish procedures for disclosing and reporting of conflicts and recusal from decision-making.

Form 990, Part VI, Section B, line 15

The Smithsonian ensures that compensation paid to officers and other key employees is reasonable and comparable to similar organizations. Employees of the Smithsonian may be paid with federally appropriated funds or with nonfederal ("Trust") funds. Most Trust funded (nonfederal) officer and key employee positions are subject to market-based compensation, and the Board of Regent's Committee on Compensation and Human Resources engages an independent consultant to develop and assemble comparability data for its consideration and to inform it decisions. The Committee's annual deliberations and decisions are documented as part of the final recommendation materials submitted to the Board of Regents. Salaries for Federal employees are determined by statutorily established pay ranges for civil service employees. As a matter of policy, the Smithsonian has established similar ranges for certain Trust funded officer and key employee positions and maintains those ranges in proportion to the appropriate Federal pay ranges.

Form 990, Part VI, Section C, line 19

Form 990, Part VI, Section C, Line 19: The Smithsonian makes these documents available on its public website (www.si.edu). The documents can also be viewed at the Office of Finance & Accounting or mailed.

Changes in Net Assets or Fund Balances:

Form 990, Part XI, line 9:

Change in FONZ net assets 2,186,172. Deferred gain on building 3,908,586. Change in minority interest-SI Network 2,951,520. Refund of contribution -2,000,000. Environmental remediation obligation FASB ASC 410-20 -69,150,000.

Type of organization (other)

Form 990, Page 1, Line K

The Smithsonian Institution is a trust instrumentality of the U.S., created by Congress; organized pursuant to 20 U.S.C. sec. 41 et seq.

Form 990, Page 1, Line M

As a trust instrumentality of the United States, the Smithsonian Institution is a federal entity that is not domiciled in any state.

The following are abbreviations found in the body of this return:

Form 990, Part VII and Schedule J-2

AIB - Arts and Industry Building FONZ - Friends of the National Zoo HMSG - Hirshhorn Museum and Sculpture Garden NASM - National Air and Space Museum NMAAHC - National Museum of African American History and Culture NMAH - National Museum of American History NMNH - National Museum of Natural History NZP - National Zoological Park OPMB - Office of Planning, Management and Budget SERC - Smithsonian Environmental Research Center SI - Smithsonian Institution

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2012

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