2020-10-28T09:10:27-05:00 2019-12-31 310800053 CLARK SCHAEFER HACKETT & CO 10100 INNOVATION DRIVE DAYTON OH 45342 990 2019-01-01 310537480 THE DAYTON ART INSTITUTE DAYT 9372235277 456 BELMONTE PARK NORTH DAYTON OH 454054700 MICHAEL R ROEDIGER DIRECTOR AND CEO 9372235277 2020-10-27 1 HERBERT L LEMASTER CPA P00039882 9372260070 2020-10-27 162.155.224.162 2020-10-27 07:56:55 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 E2C124E6C044DEA460B709D9705FB0CFF27D5D90 2019 2021-01-29 14:40:06Z MICHAEL R ROEDIGER 456 BELMONTE PARK NORTH DAYTON OH 454054700 8414332 0 X WWW.DAYTONARTINSTITUTE.ORG X 1919 OH CREATING MEANINGFUL EXPERIENCES WITH ART 22 22 154 369 5328 0 5484958 4927244 266626 388854 512374 484152 363836 500368 6627794 6300618 0 0 0 0 2359570 2620901 0 0 688474 2659505 3324313 5019075 5945214 1608719 355404 37570959 40513600 2203140 2039542 35367819 38474058 THE DAYTON ART INSTITUTE IS COMMITTED TO ENRICHING THE COMMUNITY BY CREATING MEANINGFUL EXPERIENCES WITH ART THAT ARE AVAILABLE TO ALL. 0 0 1642355 640368 CURATORIAL (INCLUDING COLLECTIONS AND EXHIBITIONS)- CARE, DEVELOPMENT, DISPLAY AND INTERPRETATION OF COLLECTIONS OF MORE THAN 26,000 WORKS OF ART DATING FROM 2500 BC TO PRESENT AND SPANNING CULTURES WORLDWIDE.MAJOR 2019 SPECIAL EXHIBITIONS INCLUDED:MONET AND IMPRESSIONISMMONA LISA TODAYOUR CENTURY: DAYTON AREA COLLECTS 220772 12592 EDUCATION AND INTERPRETATION - INTERPRETIVE INITIATIVES RANGING FROM TOURS LED BY MUSEUM GUIDES TO "ART + CORE CONNECTIONS" (MULTIPLE TOURS, ART-MAKING EXPERIENCES AND COMPLEMENTARY IN-SCHOOL ACTIVITIES), EDUCATOR WORKSHOPS, CLASSES, TEEN PROGRAM, FAMILY ACTIVITIES, DROP-IN INTERACTIVE EXPERIENCENTER, LECTURES AND SEMINARS. 2286016 HISTORIC BUILDING - THE DAI'S LANDMARK 1930 ITALIAN REVIVAL STYLE BUILDING, DESIGNED BY E. B. GREENE AND ON THE NATIONAL REGISTER OF HISTORIC PLACES, IS ONE OF THE PRIZED ART WORKS THE MUSEUM INTERPRETS. IT SUPPORTS KEY PROGRAMS. EXPENSES FOR THE HISTORIC BUILDING RELATED TO PROGRAM AREAS OF THE MUSEUM AND CONSIST OF OPERATION AND MAINTENANCE, DEPRECIATION AND FINANCING RELATED COSTS. 4149143 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 51 0 154 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 22 22 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OH X DAVID R STACY 9372235277 456 N BELMONTE PARK DAYTON OH 454054700 BROCK ANDERSON III CHAIR 1.00 X X 0 0 0 STEPHEN ALLAIRE VICE CHAIR 1.00 X X 0 0 0 DANIEL DAVIS TREASURER 1.00 X X 0 0 0 MARK SHAKER SECRETARY 1.00 X X 0 0 0 JULIE LISS-KATZ PAST CHAIR 1.00 X X 0 0 0 JESSICA BARRY TRUSTEE 1.00 X X 0 0 0 LINDA BLACK-KUREK TRUSTEE 1.00 X 0 0 0 LINDA CARON PHD TRUSTEE 1.00 X 0 0 0 MARK CONWAY TRUSTEE 1.00 X 0 0 0 MICHAEL CRONIN TRUSTEE 1.00 X 0 0 0 RENATE FRYDMAN TRUSTEE 1.00 X 0 0 0 RACHEL GOODSPEED TRUSTEE 1.00 X 0 0 0 RICHARD HAAS TRUSTEE 1.00 X 0 0 0 JENNIFER HARRISON TRUSTEE 1.00 X 0 0 0 STACEY LAWSON TRUSTEE 1.00 X 0 0 0 DR JEFFREY MIKUTIS TRUSTEE 1.00 X 0 0 0 NORA NEWSOCK TRUSTEE 1.00 X 0 0 0 AMOS OTIS TRUSTEE 1.00 X 0 0 0 JEFF PIZZA TRUSTEE 1.00 X 0 0 0 KAREN SPINA TRUSTEE 1.00 X 0 0 0 JOSH STUCKY TRUSTEE 1.00 X 0 0 0 DEBBIE WATTS ROBINSON TRUSTEE 1.00 X 0 0 0 MICHAEL ROEDIGER DIRECTOR AND CEO 40.00 X 142224 0 4796 DAVID STACY CFO 40.00 X 87460 0 5010 JERRY SMITH CHIEF CURATOR 40.00 X 98147 0 8786 327831 0 18592 1 0 0 0 0 300964 995826 3630454 35446 4927244 PROGRAM & EDUCATION FEE 900099 306354 306354 MEMBERSHIP DUES 713990 82500 82500 388854 563930 563930 935447 1015225 -79778 -79778 -79778 817793 300964 586859 230934 230934 781064 511630 269434 264106 5328 6300618 652960 5328 715086 346423 106933 121874 117616 1946351 1331846 264519 349986 165435 106930 24815 33690 162692 102300 27215 33177 31750 31750 6990 1895 5095 194360 165639 6548 22173 65630 22390 26924 16316 98695 21458 53997 23240 298230 146353 151877 41701 22434 15010 4257 37538 23816 13722 1239843 1016672 223171 88204 77228 8036 2940 EXHIBITION 296793 296793 REPAIRS & MAINTENANCE 274174 274174 CONTRACT LABOR 137893 119701 12125 6067 BANK FEES 54396 9406 33811 11179 458116 303175 87108 67833 5945214 4149143 1107597 688474 2579841 1232481 3676728 3199587 487610 521691 61481 62164 278830 102197 34114636 22621506 10433758 11493130 20052711 23902350 37570959 40513600 644178 429819 268843 411601 1230000 1150000 60119 48122 2203140 2039542 X 21123059 23600956 14244760 14873102 35367819 38474058 37570959 40513600 X 355404 2914192 -163357 X X 0 1 X 1 0 X 3181700 7580719 4735132 5438158 4927244 25862953 3181700 7580719 4735132 5438158 4927244 25862953 1890185 23972768 668127 670920 548671 583573 563930 3035221 28898174 5389129 0.82960 0.79840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 19952267 2068983 3441413 1676937 23785726 21457587 2550624 -1705191 2350753 19952267 21679146 1988674 3119215 5329448 21457587 19620051 2488547 1637290 2066742 21679146 19790095 1477767 -758274 889537 19620051 0.55840 0.31870 0.12280 1 0 213408 213408 22968245 15279957 7688288 10170625 6955864 3214761 762358 385685 376673 11493130 CAPITAL LEASE 48122 48122 X 9770036 2914192 43595 511631 3469418 6300618 0 6300618 6500440 43595 511631 555226 5945214 0 5945214 PART III, LINE 1A: THE ORGANIZATION'S COLLECTIONS ARE MAINTAINED FOR PUBLIC EXHIBITION, EDUCATION, AND RESEARCH IN FURTHERANCE OF PUBLIC SERVICE, RATHER THAN FOR FINANCIAL GAIN. IN CONFORMITY WITH ACCOUNTING POLICIES GENERALLY FOLLOWED BY ART MUSEUMS, THE VALUE OF THE ORGANIZATION'S COLLECTIONS HAS BEEN EXCLUDED FROM THE STATEMENT OF FINANCIAL POSITION, AND GIFTS OF ART OBJECTS ARE EXCLUDED FROM REVENUE IN THE STATEMENT OF ACTIVITIES. PURCHASES OF ART OBJECTS BY THE ORGANIZATION ARE RECORDED AS DECREASES IN NET ASSETS IN THE STATEMENT OF ACTIVITIES. PROCEEDS FROM THE SALE OF ARTWORK ARE RECORDED AS INCREASES IN NET ASSETS IN THE STATEMENT OF ACTIVITIES. IT IS THE POLICY OF THE BOARD OF TRUSTEES TO SPEND PROCEEDS FROM DEACCESSIONS OF ART ONLY ON ACQUISITIONS OF ART. PART III, LINE 4: THE ORGANIZATION'S COLLECTIONS INCLUDE WORKS FROM VARIOUS TIME PERIODS, CULTURES AND STYLES FOR DISPLAY TO THE PUBLIC, AS WELL AS RESEARCH. THE GALLERY SPACES ARE DESIGNED TO SHOW WORKS OF ART GROUPED BY ITEMS OF SIMILAR INTEREST TO PROVIDE AN EDUCATIONAL, AS WELL AS AN ENRICHING EXPERIENCE TO MUSEUM VISITORS. PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE UTILIZED FOR GENERAL SUPPORT OF THE MUSEUM'S PROGRAMS OR IF RESTRICTED BY THE DONOR, FOR SPECIFIC PURPOSES SUCH AS ART ACQUISITION OR ART EDUCATION. PART X, LINE 2: THE ORGANIZATION EVALUATES THE INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN INCOME TAX RETURNS FILED BY THE ORGANIZATION TO DETERMINE WHETHER A LIABILITY FOR UNCERTAIN POSITIONS EXIST AND WHETHER A LIABILITY FOR SUCH UNCERTAIN POSITIONS SHOULD BE RECOGNIZED. THE ORGANIZATION IS EXEMPT FROM INCOME TAXES AND MANAGEMENT BELIEVES THE ORGANIZATION HAS NOT ENGAGED IN ACTIVITIES THAT WOULD DISQUALIFY THEM FROM TAX EXEMPT STATUS. CERTAIN MERCHANDISE SALES IN THE ORGANIZATION'S GIFT SHOP ARE NOT SUBSTANTIALLY RELATED TO FURTHERING THE ORGANIZATION'S MISSION AND THEREFORE UNRELATED BUSINESS INCOME TAX IS PAID IN ACCORDANCE WITH THE INTERNAL REVENUE CODE. MANAGEMENT BELIEVES ANY UNRELATED BUSINESS INCOME TAX WOULD BE IMMATERIAL. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF MERCHANDISE SALES 540,227. LESS: DONATED SERVICES INCLUDED IN COST OF MERCHANDISE SALES -28,596. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF MERCHANDISE SALES 540,227. LESS: DONATED SERVICES INCLUDED IN COST OF MERCHANDISE SALES -28,596. X X X X X X X 0 ART BALL 339394 243414 95980 35013 42174 135641 OKTOBERFEST 648088 42550 605538 43038 267489 2 131275 15000 116275 2000 39197 22307 1118757 300964 817793 37013 124409 425437 586859 230934 X ITEMS FOR FUNDRAISING EVENTS 52 35446 FAIR MARKET VALUE 0 0 1 0 PART I, LINE 33: THE ORGANIZATION FOLLOWS GENERALLY ACCEPTED ACCOUNTING PRACTICES OF THE MUSEUM INDUSTRY, WHICH EXCLUDES THE CARRYING VALUE OF THE COLLECTIONS FROM THE STATEMENT OF FINANCIAL POSITION. CONSEQUENTLY, CONTRIBUTIONS OF WORKS OF ART ARE NOT RECOGNIZED ON THE STATEMENT OF ACTIVITIES. FORM 990, PART VI, SECTION A, LINE 6 THE MUSEUM OFFERS VARIOUS MEMBERSHIP LEVELS TO ITS PATRONS TO ENCOURAGE THEM TO PARTICIPATE IN PROGRAMS OFFERED BY THE MUSEUM. THESE BENEFITS INCLUDE FREE OR REDUCED ADMISSION TO SPECIAL EXHIBITIONS, INVITATIONS TO PREVIEWS AND DISCOUNTS FOR CERTAIN EDUCATIONAL PROGRAMS AND OTHER EVENTS. FORM 990, PART VI, SECTION A, LINE 7A THE NOMINATING COMMITTEE OF THE BOARD OF TRUSTEES RECOMMENDS THE SLATE OF CANDIDATES FOR THE BOARD OF TRUSTEES TO THE FULL BOARD OF TRUSTEES. THE SLATE OF CANDIDATES ARE PROVIDED TO MEMBERS FOR ELECTION OF THE TRUSTEES AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE CFO OF THE DAYTON ART INSTITUTE AND THE FINANCE COMMITTEE REVIEW THE 990. AFTER THEIR REVIEW, THE FORM IS THEN SENT TO THE ENTIRE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES REVIEWS ANY ACTIVITY THAT COULD GIVE RISE TO POTENTIAL CONFLICTS OF INTEREST ON AN "AS NEEDED" BASIS. ANNUALLY, DIRECTORS COMPLETE CONFLICT OF INTEREST DISCLOSURE STATEMENTS, WHICH ARE REVIEWED BY MANAGEMENT AND THE TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE EXECUTIVE DIRECTOR WAS DEVELOPED USING DATA FROM COMPARABLE MUSEUMS AS WELL AS LOCAL MARKET KNOWLEDGE. THE BOARD OF TRUSTEES IS CHARGED WITH MONITORING AND EVALUATING THE COMPENSATION OF THE EXECUTIVE DIRECTOR. THE BOARD UTILIZES MUSEUM INDUSTRY INFORMATION (ASSOCIATION OF ART MUSEUM DIRECTORS SALARY SURVEYS), AS WELL AS LOCAL MARKET KNOWLEDGE AND ANNUAL PERFORMANCE EVALUATIONS TO ADJUST COMPENSATION OF THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PROVIDES REQUIRED TAX FILINGS AND GOVERNING DOCUMENTS UPON WRITTEN REQUEST FROM THE PUBLIC. FORM 990, PART XI, LINE 9: ADOPTION OF NEW ACCOUNTING STANDARD -163,357. FORM 990, PART XII, LINE 2C: THE BOARD OF TRUSTEES HAS CHARGED THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES WITH OVERSIGHT OF THE INDEPENDENT AUDIT. THE PROCESS IS CONSISTENT WITH THE PRIOR YEAR. FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS: IN MAY 2014, THE FASB ISSUED ACCOUNTING STANDARDS UPDATE (ASU) NO. 2014-09, REVENUE FROM CONTRACTS WITH CUSTOMERS (TOPIC 606). THE ASU, AS SUBSEQUENTLY AMENDED, IMPLEMENTS A UNIFORM FRAMEWORK FOR REVENUE RECOGNITION FOR ALL REVENUE EARNED FROM CUSTOMERS. THE ASU ALSO REQUIRES EXPANDED DISCLOSURES RELATING TO THE NATURE, AMOUNT, TIMING, AND UNCERTAINTY OF REVENUE AND CASH FLOWS ARISING FROM CONTRACTS WITH CUSTOMERS. THE ORGANIZATION ADOPTED THE NEW STANDARD EFFECTIVE JANUARY 1, 2019. RESULTS FOR REPORTING PERIODS AFTER JANUARY 1, 2019 ARE PRESENTED UNDER THE NEW STANDARD, WHILE PRIOR PERIOD AMOUNTS CONTINUE TO BE REPORTED IN ACCORDANCE WITH PRIOR GAAP. AS PART OF THE ADOPTION OF THE ASU, THE ORGANIZATION ELECTED THE FOLLOWING TRANSITION PRACTICAL EXPEDIENTS: (I) TO REFLECT THE AGGREGATE OF ALL CONTRACT MODIFICATIONS THAT OCCURRED PRIOR TO THE DATE OF INITIAL APPLICATION WHEN IDENTIFYING SATISFIED AND UNSATISFIED PERFORMANCE OBLIGATIONS, DETERMINING THE TRANSACTION PRICE, AND ALLOCATING THE TRANSACTION PRICE; AND (II) TO APPLY THE STANDARD ONLY TO CONTRACTS THAT ARE NOT COMPETED AT THE INITIAL DATE OF APPLICATION. PRIOR TO ADOPTION OF ASU NO. 2014-09, MUSEUM MEMBERSHIP REVENUES WERE RECOGNIZED UPON RECEIPT. UNDER THE NEW STANDARD, A PORTION OF MUSEUM MEMBERSHIP REVENUES IS RECOGNIZED AS A CONTRIBUTION WITH THE REMAINDER CLASSIFIED AS AN EXCHANGE TRANSACTION FOR THE ESTIMATED FAIR VALUE OF THE PERFORMANCE OBLIGATIONS ASSOCIATED WITH THE DIFFERENT LEVELS OF MEMBERSHIP. REVENUES RELATED TO THE EXCHANGE TRANSACTION PORTION OF MUSEUM MEMBERSHIPS ARE RECOGNIZED RATABLY OVER THE TERM OF THE MEMBERSHIP. ADOPTION OF ASU NO. 2014-09 RESULTED IN A DECREASE TO BEGINNING NET ASSETS WITHOUT DONOR RESTRICTIONS OF $163,357 AS OF JANUARY 1, 2019. THE ADJUSTMENT RELATES TO THE RECOGNITION OF UNSATISFIED PERFORMANCE OBLIGATIONS FOR MUSEUM MEMBERSHIP BENEFITS, WHICH ARE CLASSIFIED AS DEFERRED REVENUE. IN JUNE 2018, FASB ISSUED ASU NO. 2018-08, NOT-FOR-PROFIT ENTITIES (TOPIC 958). THE ASU, AS UPDATED, REQUIRES THAT AN ENTITY DETERMINE WHETHER SUPPORT AND REVENUES SHOULD BE ACCOUNTED FOR AS EXCHANGE TRANSACTIONS OR AS CONTRIBUTION TRANSACTIONS. IF BOTH PARTIES INVOLVED IN A TRANSACTION RECEIVE COMMENSURATE VALUE, THEN A TRANSACTION IS AN EXCHANGE TRANSACTION. IF BOTH PARTIES DO NOT RECEIVE COMMENSURATE VALUE, THEN A TRANSACTION IS A CONTRIBUTION TRANSACTION. THE ASU ALSO REQUIRES THAT THE ENTITY DETERMINE WHETHER A RECEIVED CONTRIBUTION IS CONDITIONAL ON THE BASIS OF WHETHER AN AGREEMENT INCLUDES A BARRIER THAT MUST BE OVERCOME AND EITHER A RIGHT OF RETURN OF ASSETS TRANSFERRED OR A RIGHT OF RELEASE OF A PROMISOR'S OBLIGATION TO TRANSFER ASSETS. IF BOTH A BARRIER AND A RIGHT OF RETURN OR A RIGHT OF RELEASE IS PRESENT, THAT FACT INDICATES THAT A RECIPIENT IS NOT ENTITLED TO THE ASSETS CONTRIBUTED UNTIL THE ENTITY HAS OVERCOME ALL BARRIERS IN THE AGREEMENT. THE ORGANIZATION ADOPTED THE NEW STANDARD EFFECTIVE JANUARY 1, 2019, THE FIRST DAY OF THE ORGANIZATION'S FISCAL YEAR USING THE MODIFIED PROSPECTIVE APPROACH. THE ADOPTION OF ASU NO. 2018-08 DID NOT RESULT IN A CHANGE TO THE ACCOUNTING FOR ANY GRANTS OR CONTRIBUTIONS. THEREFORE, NO CUMULATIVE EFFECT ADJUSTMENT WAS RECORDED.