2024-03-25T22:19:29-05:00 2023-06-30 450250958 Eide Bailly LLP 1730 Burnt Boat Loop Ste 100 Bismarck ND 585030886 990 2022-07-01 411260780 Plains Art Museum PLAI 7015516100 PO Box 2338 Fargo ND 581082338 Erin Sharpiro President and CEO 7015516100 2024-03-25 1 Erin Sharpiro 999009999 1 Lisa Chaffee CPA P00193453 7012551091 2024-03-25 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Erin Sharpiro PO Box 2338 Fargo ND 581082338 46764196 0 X www.plainsart.org X 1975 ND To promote and foster a knowledge of art by providing facilities for exhibitions and programs to improve education in the arts. 14 14 128 55 -38066 11260 1357651 2430906 260946 277329 -388947 474538 2158403 2270441 3388053 5453214 0 0 0 0 1350620 1582365 0 0 388644 1109154 1324416 2459774 2906781 928279 2546433 10829201 13352308 1619285 1595959 9209916 11756349 The Plains Art Museum brings people and art together. As a public institution we celebrate the finest of human achievement and inspire and engage diverse audiences in the creation, exhibition, collection, and preservation of art. 0 0 461752 73962 In fiscal year 2023, Plains Art Museum engaged over 57,431 people through our mission of connecting art, artists and audiences to foster creative, resilient, and welcoming communities. Through our PlainsArt4All Initiative, the Museum offered free general admission to the general public to almost 25 temporary exhibitions. In addition, the Museum facilitated over 300 educational experiences for all ages - tours, workshops, talks, and more; and facilitated new community programs, outreach events, and our exemplary Buzz Lab Teen Internship and the Northern Plains Summer Art Institute Programs. 1028569 276863 In house education programs include teaching artists led tours, lectures, artists talks, artist residencies, internships and art classes and camps for all ages. Outreach programs offer art classes and art education experiences to rural North Dakota and Minnesota. 674322 Museum building operations for storage and display of the permanent collection which focuses on 20th and 21st century American art, regional art, and work by Native American artists. 2164643 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 174 124 1 128 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 14 14 0 0 0 0 1 0 0 1 0 0 0 0 1 1 1 0 1 1 0 0 MN X X Arleen McKay 7012323821 704 1st Ave N Fargo ND 58102 Brian Halverson Past Chair 1.00 X X 0 0 0 Katie Burgum Itterman Chair 1.00 X X 0 0 0 Bill Nielsen Vice Chair & Treasurer 1.00 X X 0 0 0 Jessica Hoppe Secretary 1.00 X X 0 0 0 Joseph Allen Director 1.00 X 0 0 0 Jordan Craig Director 1.00 X 0 0 0 Christine Jaeger Director 1.00 X 0 0 0 Laura Morris Director 1.00 X 0 0 0 Cheri Schoenfish Director 1.00 X 0 0 0 Suzanne Senske Director 1.00 X 0 0 0 Simone Wai Director 1.00 X 0 0 0 Scott Holdman Director 1.00 X 0 0 0 Joan Justesen Director 1.00 X 0 0 0 Tammy Miller Director (until December) 1.00 X 0 0 0 Katrina Turman-Lang Director 1.00 X 0 0 0 Andrew Maus President/CEO until May 40.00 X 126656 0 2560 Mark Henze - Consultant (June-May)/Interim CEO(starting May) 40.00 X 14765 0 0 Arleen McKay Controller 40.00 X 71127 0 5243 212548 0 7803 1 0 0 0 0 39125 103314 72000 2216467 14131 2430906 Education & Outreach 611710 276863 276863 466 466 277329 64671 64671 134799 90066 44733 44733 -6179 50912 409867 0 409867 409867 409867 49175 103314 89826 -40651 -40651 43153353 40928603 2224750 2224750 244096 202487 41609 73496 -31887 5453214 350825 -38066 2709549 271096 113801 79669 77626 1126769 882647 65865 178257 20637 11086 7547 2004 61870 50365 5120 6385 101993 71461 12222 18310 248 148 100 33745 33745 23015 23015 214861 113057 60074 41730 34473 32822 201 1450 222386 195050 11374 15962 9871 4585 1367 3919 216415 214813 1041 561 38385 25026 3641 9718 6540 4572 1499 469 23188 23188 301696 293750 3712 4234 27325 24836 1512 977 Repairs 52922 52922 Dues and Subscriptions 33176 9762 11454 11960 Hospitality 31357 12320 5187 13850 54813 28432 25149 1232 2906781 2164643 353494 388644 2081239 2107198 324091 2145675 9474 34488 60167 58781 11456 31977 11083369 6562725 4686380 4520644 3656394 4309785 0 143760 10829201 13352308 638239 549035 1084 981046 896585 0 149255 1619285 1595959 X 6002509 6321380 3207407 5434969 9209916 11756349 10829201 13352308 2546433 0 X 0 1 X 1 0 X 814342 1327446 1213563 1357651 2430906 7143908 22567477 25269336 33869835 42174485 43658701 167539834 23381819 26596782 35083398 43532136 46089607 174683742 108296 29546 24607 41820 19306 223575 0 108296 29546 24607 41820 19306 223575 174460167 56946 70025 106280 123652 118935 475838 28401 10044 10716 16701 11260 77122 85347 80069 116996 140353 130195 552960 23467166 26676851 35200394 43672489 46219802 175236702 0.99560 0.99470 0.00320 0.00340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 2164809 2164809 258240 64560 0 0 237210 235705 243226 258240 974381 1461572 882 882 59303 58926 60807 64560 243596 365394 X X X X 1 3656394 205000 448391 4309785 3121931 940000 -405537 3656394 2599019 15334 642578 135000 3121931 2634937 40000 44082 120000 2599019 2335528 75801 303608 80000 2634937 0.25610 0.54760 0.19630 0 0 651628 651628 9405253 5831970 3573283 1026488 730755 295733 4520644 Operating Lease Liability 135087 Financing Lease Liability 14168 149255 X 5580970 106387 106387 5474583 23015 -44384 -21369 5453214 3034537 106387 44384 150771 2883766 23015 23015 2906781 Part III, Line 1a: Footnote from Audited Financial Statements regarding Financial Statement treatment of donated works of art: The Museum does not capitalize donated works of art or recognize them as revenues or gains. Donations need not be recognized if they are added to collections that are held for public exhibition, education, or research in furtherance of public service rather than financial gain; are protected, kept unencumbered, cared for, and preserved; and are subject to a policy that requires the proceeds from sales of collection items to be used to acquire other items for collections. Gifts received in 2023 and 2022 were valued at approximately $0 and $151,000, respectively. Collection items are recorded at cost if purchased. Part III, Line 4: The Plains Art Museum's collections consist of 5,000 fine art and ethnographic objects in both the museum's permanent and educational collections. The museum regularly exhibits and interprets objects from its permanent and education collections in one of the museum's primary galleries on a permanent, annual rotating basis. Additionally, temporary and/or traveling exhibitions hosted by the museum are often augmented and greatly enhanced by objects from our permanent and education collections. The museum also provides access to its collections to both scholarly endeavors and the greater public by actively participating with the general public, academia and the greater museum community by lending works and/or entire exhibitions from its collections to appropriate and approved lenders world-wide. Part V, Line 4: The income from the endowment account is to be utilized for the exhibition, development, and curatorial projects that benefit or create opportunities for emerging and mid-career artists, for acquisitions of art by emerging and mid-career artist's for the permanent collection, and for publications and catalogs supporting or documenting exhibitions or contemporary projects by emerging or mid-career artists. The William Randolph Hearst endowment fund income is used for education purposes. Included in the $3,205,940 endowment net assets are permanently restricted net assets of $2,360,079 and temporarily restricted net assets of $845,861. Part X, Line 2: The Museum believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The entities would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. Part XI, Line 4b - Other Adjustments: Rental Expenses included with Expenses for Financials -33,509. Fundraising Expenses included with expenses for Financials -10,875. Part XII, Line 2d - Other Adjustments: Rental Expenses included with Expenses for Financials 33,509. Fundraising Expenses included with expenses for Financials 10,875. X X X X X X X 1 Creative Fundraising Advisors 1041 Grand Ave Ste 225 St Paul MN 55105 Fundraising advice to staff and volunteers for Capital Campa 0 0 21000 -21000 21000 -21000 MN ND May '23 Gala 152489 103314 49175 10875 19935 4188 54828 152489 103314 49175 10875 19935 4188 54828 89826 -40651 2407870 1820965 4718 182604 0 2264234 1829971 4436 171711 0 38481249 33923015 75396 2915787 0 43153353 37573951 84550 3270102 40928603 2224750 ND 1 0 1 0 1.00000 Arleen McKay 704 First Ave North Fargo ND 58102 0 Dan Bessler 71251 Managing all gaming operations X 0 Form 990, Part VI, Section A, line 6 The Organization has members. All members have the same voting rights. Form 990, Part VI, Section A, line 8b There are no committess with the authority to act on behalf of the governing body. Form 990, Part VI, Section B, line 11b Management will review a draft copy of the Form 990. The finance committee also reviews a copy of the draft Form 990 prior to filing. Form 990, Part VI, Section B, line 12c The Organization has a conflict of interest policy in place which covers the board of directors. If a conflict of interest exists, a board member leaves the room during the discussion in order to not influence any vote on the discussion and the board member abstains from voting on the issue with the conflict. Conflicts will be reviewed by management and the board of directors, and the board will determine whether a conflict of interest exists. Form 990, Part VI, Section B, line 15a When the CEO was hired, the board of directors approved the CEO's compensation. Comparability data from regional and local nonprofits of similar size was used for the compensation data. Written minutes were taken at the board meeting. The CEO's compensation is reviewed and evaluated on an annual basis. For other officers, an annual performance review is done by the individual's supervisor. For the Controller, this is done by the CEO. A scoring tool is used in addition to setting goals and objectives for future periods. Compensation increases are determined through this process. Form 990, Part VI, Section C, line 19 The Organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.