2021-05-14T15:58:40-05:00 2020-06-30 BKD LLP 201 N Illinois Street Indianapolis IN 46204 990 2019-07-01 350867955 Indianapolis Museum of Art Inc % JEREMIAH WISE INDI 3179231331 4000 MICHIGAN ROAD INDIANAPOLIS IN 46208 JEREMIAH WISE CFO 3179231331 2021-05-17 true NICOLE B FISHBACK P01279475 3173834000 2021-05-17 2019 2022-09-23 18:48:47Z NEWFIELDS JEREMIAH WISE 4000 MICHIGAN ROAD INDIANAPOLIS IN 46208 309623149 false X WWW.DISCOVERNEWFIELDS.ORG X 1883 IN TO ENRICH LIVES THROUGH EXCEPTIONAL EXPERIENCES WITH ART AND NATURE. 29 28 483 893 207560 0 24266965 21145333 4462457 5404090 47989239 24032935 286671 305854 77005332 50888212 0 0 0 0 15305742 16045583 0 0 4131687 21128279 19610038 36434021 35655621 40571311 15232591 475988844 469323358 81240635 80232558 394748209 389090800 X TO ENRICH LIVES THROUGH EXCEPTIONAL EXPERIENCES WITH ART AND NATURE. Newfields offers dynamic experiences with art and nature for guests of all ages. The 152-acre cultural campus features art galleries, lush gardens, a historic home, performance spaces, a nature preserve and sculpture park. From inspiring exhibitions in the IMA Galleries, to concerts in The Toby, to a stroll through The Garden with a glass of something cold, guests are invited to interact with art and nature in exciting new ways. Newfields is home to the Indianapolis Museum of Art, among the ten largest and ten oldest general art museums in the nation; the Lilly House, a National Historic Landmark; The Garden, featuring 40 acres of contemporary and historic gardens, a working greenhouse and an orchard; and The Virginia B. Fairbanks Art & Nature Park, one of the largest art and nature parks in the country. 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34029000 356779 356779 33672221 1983400 1983400 35655621 SCHEDULE D, PART III, LINE 1A ELECTION UNDER SFAS 116: IF ELECTED UNDER SFAS 116 PROVIDE FOOTNOTE FROM FINANCIAL STATEMENTS ACCORDING TO THE MUSEUM'S POLICY, COLLECTIONS INCLUDE ALL WORKS OF ART, HISTORICAL TREASURES, LIBRARY ACCESSIONS AND SIMILAR ASSETS THAT ARE (A) HELD FOR PUBLIC SERVICE RATHER THAN FINANCIAL GAIN, (B) PROTECTED, KEPT UNENCUMBERED, CARED FOR AND PRESERVED, AND (C) SUBJECT TO THE MUSEUM'S POLICY THAT REQUIRES THE PROCEEDS OF ITEMS THAT ARE SOLD TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. THE COLLECTIONS, WHICH HAVE BEEN ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE MUSEUM'S INCEPTION, ARE NOT RECOGNIZED AS AN ASSET ON THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED OR TEMPORARILY RESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES, IF ANY, ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASS. SCHEDULE D, PART III, LINE 4 ARTWORK FURTHERING EXEMPT PURPOSE: THE INDIANAPOLIS MUSEUM OF ART AT NEWFIELDS (IMA) WAS FOUNDED IN 1883 AS THE ART ASSOCIATION OF INDIANAPOLIS. TODAY, NEWFIELDS IS ONE OF THE TEN LARGEST AND OLDEST ENCYCLOPEDIC ART MUSEUMS IN THE UNITED STATES. NEWFIELDS PERMANENT COLLECTION BOASTS MORE THAN 54,000 WORKS OF ART IN THE AREAS OF AFRICAN ART; AMERICAN PAINTING AND SCULPTURE; ASIAN ART; CONTEMPORARY ART AFTER 1945; CONTEMPORARY DESIGN; DECORATIVE ARTS; EUROPEAN PAINTING AND SCULPTURE; PRINTS, DRAWINGS, AND PHOTOGRAPHS; TEXTILES AND FASHION ARTS. NEWFIELDS HOUSES, EXHIBITS, AND PRESERVES THIS ROBUST COLLECTION UTILIZING 102,107 SQUARE FEET OF GALLERY SPACE, ALONG WITH IN-HOUSE ART STORAGE FACILITIES, A CONSERVATION DEPARTMENT, AND A CONSERVATION SCIENCE LAB. NEWFIELDS SITS ON A 152-ACRE CAMPUS COMPRISING THE MUSEUM, THE GARDEN, LILLY HOUSE, PERFORMANCE SPACES, AND THE VIRGINIA B. FAIRBANKS ART AND NATURE PARK: 100 ACRES. THIS CAMPUS, ALONG WITH SATELLITE PROPERTY MILLER HOUSE AND GARDEN IN COLUMBUS, IN, IS COLLECTIVELY CALLED NEWFIELDS. THE MISSION OF NEWFIELDS IS TO ENRICH LIVES THROUGH EXCEPTIONAL EXPERIENCES WITH ART AND NATURE. SCHEDULE D, PART V, LINE 4 INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS: THE MUSEUM'S ENDOWMENT CONSISTS OF APPROXIMATELY 150 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING ART PURCHASES, PROGRAM EXPENSES, BUILDING OPERATIONS, BOND COSTS, AND PERSONNEL EXPENSES. SCHEDULE D, PART X ASC 740 DISCLOSURE: MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. SCHEDULE D, PART XI, LINE 2D RECONCILIATION OF REVENUE PER AFS: COST OF GOOD SOLD $356,779 SCHEDULE D, PART XII, LINE 2D RECONCILIATION OF EXPENSES PER AFS: COST OF GOOD SOLD $356,779 EUROPE (INCLUDING ICELAND AND GREENLAND) PASSIVE INVESTMENTS N/A 2379599 CENTRAL AMERICA AND THE CARIBBEAN PASSIVE INVESTMENTS N/A 60906315 NORTH AMERICA PASSIVE INVESTMENTS N/A 981374 64267288 64267288 true false true true true false X X X X X true true X X X X X X false false false false false false false true false CHARLES VENABLE MELVIN & BREN SIMON DIR & CEO 556903 0 140317 0 124318 0 22276 0 13846 0 857660 0 0 0 KATHRYN HAIGH CHIEF OPERATING OFFICER 181350 0 35500 0 0 0 26254 0 11136 0 254240 0 0 0 JEREMIAH WISE CFO 178884 0 35500 0 0 0 7155 0 16770 0 238309 0 0 0 KIM GATTLE DEPUTY DIR - INSTL ADVANCEMENT 197628 0 25500 0 0 0 7905 0 11924 0 242957 0 0 0 PRESTON BAUTISTA DEPUTY DIR FOR PUBLIC PROGRAMS 164120 0 30500 0 0 0 6565 0 8726 0 209911 0 0 0 JONATHAN WRIGHT DEPUTY DIR - HORTICULTURE 126861 0 40000 0 0 0 5074 0 8565 0 180500 0 0 0 GREG SMITH SENIOR CONSERVATION SCIENTIST 159383 0 2500 0 0 0 6375 0 14301 0 182559 0 0 0 JONATHAN BERGER DEPUTY DIR - MKT & EXT AFFAIRS 133392 0 10500 0 0 0 5336 0 8106 0 157334 0 0 0 SCHEDULE J, PART I, LINE 1A OTHER REPORTABLE COMPENSATION: INCLUDED IN CHARLES VENABLE'S OTHER REPORTABLE COMPENSATION IS CELL PHONE, LIFE INSURANCE, PERSONAL USE OF SOCIAL CLUB DUES AND HOUSING EXPENSES ALL WHICH ARE TAXABLE COMPENSATION. CHARLES VENABLE'S SPOUSE IS REQUIRED TO ATTEND EVENTS AS NEEDED, FOR WHICH THE ORGANIZATION PROVIDES FOR TRAVEL EXPENSES. CHARLES VENABLE REIMBURSES THE ORGANIZATION FOR ANY OTHER SPOUSAL TRAVEL EXPENSES. CHARLES VENABLE PAYS 100% OF THE AMOUNT OF CLEANING SERVICES FOR WESTERLEY (THE RESIDENCE) AND SUBMITS FOR REIMBURSEMENT 50% OF THE CLEANING SERVICE FEE, AS IT PERTAINS TO HOSTING GATHERINGS ON BEHALF OF NEWFIELDS. SCHEDULE J, PART I, LINE 7 NON-FIXED PAYMENTS: THE BONUSES INCLUDED IN PART II, COLUMN (II) ARE PERFORMANCE BASED BONUSES. THESE BONUSES WERE APPROVED BY THE CFO, COMPENSATION COMMITTEE, AND THE BOARD. CHARLES VENABLE'S BONUS INCLUDES A DEFERRED BONUS FROM PRIOR YEARS BASED ON PERFORMANCE. THE COMPENSATION COMMITTEE AND THE BOARD APPROVED THIS BONUS. 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FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBER RELATIONSHIPS: TOM PENCE HAS A BUSINESS RELATIONSHIP WITH KATIE BETLEY AND DAVID ESKENAZI; GARY HIRSCHBERG HAS BUSINESS RELATIONSHIPS WITH A NUMBER OF OTHER TRUSTEES. DUE TO THE CONFIDENTIAL NATURE OF OUR BUSINESS, WE CANNOT DISCLOSE THE SPECIFIC INDIVIDUALS. FORM 990, PART VI, SECTION B, LINE 11B PROCESS TO REVIEW FORM 990: THE CHIEF FINANCIAL OFFICER AS WELL AS AN INDEPENDENT ACCOUNTING FIRM COMPLETE A DETAILED REVIEW OF THE FORM 990 BEFORE IT IS SUPPLIED TO THE FINANCE AND AUDIT COMMITTEE FOR THEIR REVIEW. THE ENTIRE BOARD RECEIVES A COPY OF THE FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C MONITORING AND ENFORCEMENT OF COMPLIANCE WITH CONFLICT OF INT. POLICY: NEWFIELDS HAS OFFICERS, DIRECTORS OR TRUSTEES, AND KEY EMPLOYEES COMPLETE CONFLICT OF INTEREST QUESTIONNAIRES ANNUALLY. THE CFO REVIEWS THE QUESTIONNAIRES ON AN ANNUAL BASIS. IF A CONFLICT IS NOTED, IT IS SUMMARIZED ON A SEPARATE DOCUMENT THAT IS THEN PRESENTED TO THE BOARD AND USED FOR COMPILATION OF THE 990. ANY BOARD MEMBER WHO HAS A CONFLICT OF INTEREST ABSTAINS FROM VOTING ON THE RELATED ISSUE AND MAY NOT BE INVOLVED IN ANY DISCUSSION PERTAINING TO THE PARTICULAR ISSUE. FORM 990, PART VI, SECTION B, LINE 15A PROCESS TO DETERMINE CEO, OFFICER, AND KEY EMPLOYEE COMPENSATION: UNDER THE DIRECTION OF THE BOARD, THE HR DEPARTMENT GATHERS INDEPENDENT MARKET DATA, INCLUDING THE ASSOCIATION OF ART MUSEUM DIRECTORS SURVEY AND PROVIDES IT TO THE COMPENSATION COMMITTEE TO REVIEW AND USE IN DETERMINING THE CEO'S AND KEY EMPLOYEES' SALARIES ANNUALLY. THE CEO'S LAST COMPREHENSIVE COMPENSATION REVIEW TOOK PLACE IN MARCH OF 2016 BY OPPENHEIM AND ASSOCIATES AND A 10-YEAR CONTRACT WAS CREATED FOR HIM AT THAT TIME. Compensation was mapped out and agreed upon in 2016 during the renewal of the CEO's contract, and so are predetermined, designated amounts up through 2026. Each year, the Board of Trustees reviews his total compensation package and goal achievement and approves his incentive compensation. The CEO, in conjunction with the Chair of the Board of Trustees, assigns annual raises and incentive compensation to his Senior Leadership team. KEY EMPLOYEE COMPENSATION WAS LAST DISCUSSED BY THE BOARD AND THE CONSULTANTS IN 2018. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF GOVERNING DOCUMENTS, CONFLICT OF INT. POLICY, AND FS: NEWFIELDS DOES NOT MAKE ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. HOWEVER, FINANCIAL STATEMENTS AND THE FORM 990 ARE AVAILABLE ON THE WEBSITE. OLDFIELDS LLC 4000 MICHIGAN ROAD INDIANAPOLIS IN 46208 REAL ESTATE IN 118714 4367709 NA CHARITABLE REMAINDER TRUSTS (2) TRUST IN NA TRUST false false false false false false false false false false false false false false false false false false false