2018-05-15T14:17:20-05:00 2017-06-30 BKD LLP 201 N Illinois Street Indianapolis IN 46204 990 2016-07-01 350867955 Indianapolis Museum of Art Inc % JEREMIAH WISE INDI 3179231331 4000 MICHIGAN ROAD INDIANAPOLIS IN 46208 JEREMIAH WISE CFO 3179231331 2018-05-15 true NICOLE B FISHBACK P01279475 3173834000 2018-05-15 167.68.126.162 43033020181355000024 2018-05-15 P 044A2AED37EC84B6C9EB8C13C8A8970068B737BA 38B65482745ED49102433FB7E9CDDD5C488491C6 2016 2021-01-29 14:40:06Z JEREMIAH WISE 4000 MICHIGAN ROAD INDIANAPOLIS IN 46208 68472994 false X WWW.DISCOVERNEWFIELDS.ORG X 1883 IN TO ENRICH LIVES WITH EXCEPTIONAL EXPERIENCES WITH ART AND NATURE. 29 28 416 750 80204 -616817 14690294 11923971 3174123 2177048 13334685 27161908 388956 384693 31588058 41647620 0 0 0 0 14179937 14152930 0 0 2997074 20579072 20189417 34759009 34342347 -3170951 7305273 477337282 480804377 129278785 108402048 348058497 372402329 X THE INDIANAPOLIS MUSEUM OF ART, INC. DBA NEWFIELDS IS A CULTURAL CAMPUS, ENCOMPASSING 152 ACRES. IT INCLUDES AN ENCYCLOPEDIC ART MUSEUM, 26-ACRE GARDEN AND HISTORIC HOME, AND A 100-ACRE ART & NATURE PARK, AMONGST OTHER ASSETS. NEWFIELDS MISSION IS TO ENRICH LIVES THROUGH EXCEPTIONAL EXPERIENCES WITH ART AND NATURE. NEWFIELDS SERVES THE CREATIVE INTERESTS OF ITS COMMUNITY BY FOSTERING EXPLORATION OF ART, GARDENS, AND THE NATURAL ENVIRONMENT. THE IMA PROMOTES THESE INTERESTS THROUGH THE COLLECTION, PRESENTATION, INTERPRETATION AND CONSERVATION OF ITS ARTISTIC, HISTORIC, NATURE-RELATED, AND ENVIRONMENTAL ASSETS. THE INDIANAPOLIS MUSEUM OF ART HAS A COLLECTION OF OVER 50,000 WORKS OF ART FROM A VARIETY OF CULTURES AND PERIODS IN ART HISTORY. THE GARDEN AT NEWFIELDS PROVIDES YEAR-ROUND ACCESS TO GARDEN-BASED PROGRAMMING, HIGHLIGHTING THE MANY VARIETIES OF PLANTS, FLOWERS, AND TREES WITHIN ITS COLLECTION. THE VIRGINIA B. FAIRBANKS ART AND NATURE PARK PROVIDES AN URBAN OASIS WITH 100 ACRES OF false false 12292943 1075367 CURATORIAL - THE STUDY, PRESERVATION AND COLLECTION OF ART FOR THE ENJOYMENT OF FUTURE GENERATIONS. 6950510 765641 EDUCATIONAL - TO COMMUNICATE AND DEVELOP KNOWLEDGE ABOUT THE ART COLLECTED, TO MEMBERS OF THE GENERAL PUBLIC. 3869132 379383 HORTICULTURAL - THE INDIANAPOLIS MUSEUM OF ART FOSTERS EXPLORATION NOT ONLY OF THE ART IN ITS MUSEUM COLLECTIONS, BUT ALSO OF THE NATURAL ENVIRONMENT AND THE HISTORIC PROPERTIES FOR WHICH THE IMA HAS BEEN GIVEN STEWARDSHIP. 1813580 729408 MUSEUM STORE 1813580 729408 24926165 true true false false false false false true false true true true false false true false false true false false true false false false false false false false false true true false false false false false false false false false false true true false false true true false false false true 152 0 416 true true true false false false false true true false false false false X 29 28 true false false false false false false true true false false true true true true true true true true false IN X X JEREMIAH WISE 3179231331 4000 MICHIGAN ROAD INDIANAPOLIS IN 46208 CHARLES VENABLE MELVIN & BREN SIMON DIR & CEO 70.0 0.0 X X 702636 0 29776 THOMAS HIATT CHAIR 2.0 0.0 X X 0 0 0 KATHRYN BETLEY FIRST VICE CHAIR 2.0 0.0 X X 0 0 0 PETER MORSE VICE CHAIR 2.0 0.0 X X 0 0 0 MARYA ROSE VICE CHAIR 2.0 0.0 X X 0 0 0 MICHAEL KUBACKI TREASURER 2.0 0.0 X X 0 0 0 ERSAL OZDEMIR SECRETARY 2.0 0.0 X X 0 0 0 AGATHA BARCLAY BOARD MEMBER 2.0 0.0 X 0 0 0 BENJAMIN PECAR BOARD MEMBER 2.0 0.0 X 0 0 0 C DANIEL YATES BOARD MEMBER 2.0 0.0 X 0 0 0 DANIEL SKOVRONSKY BOARD MEMBER 2.0 0.0 X 0 0 0 DARRIANNE CHRISTIAN BOARD MEMBER 2.0 0.0 X 0 0 0 DAVID BARRETT BOARD MEMBER 2.0 0.0 X 0 0 0 DAVID ESKENAZI BOARD MEMBER 2.0 0.0 X 0 0 0 DEBORAH LILLY BOARD MEMBER 2.0 0.0 X 0 0 0 DORIT PAUL BOARD MEMBER 2.0 0.0 X 0 0 0 HOWARD SCHROTT BOARD MEMBER 2.0 0.0 X 0 0 0 IAN RUPERT BOARD MEMBER 2.0 0.0 X 0 0 0 KAY KOCH BOARD MEMBER 2.0 0.0 X 0 0 0 KENT HAWRYLUK BOARD MEMBER 2.0 0.0 X 0 0 0 MATTHEW GUTWEIN BOARD MEMBER 2.0 0.0 X 0 0 0 MICHAEL ROBERTSON BOARD MEMBER 2.0 0.0 X 0 0 0 RICK JOHNSON BOARD MEMBER 2.0 0.0 X 0 0 0 ROBIN NELSON-RICE BOARD MEMBER 2.0 0.0 X 0 0 0 SHIRLEY MUELLER BOARD MEMBER 2.0 0.0 X 0 0 0 SUSAN KLEINMAN BOARD MEMBER 2.0 0.0 X 0 0 0 SUSAN MCALISTER BOARD MEMBER 2.0 0.0 X 0 0 0 TONI BADER BOARD MEMBER 2.0 0.0 X 0 0 0 RACHEL SIMON BOARD MEMBER 2.0 0.0 X 0 0 0 JEREMIAH WISE CFO 50.0 0.0 X 197624 0 14059 KATHRYN HAIGH DEPUTY DIR - COLLECTIONS 60.0 0.0 X 165697 0 13750 GREG SMITH SENIOR CONSERVATION SCIENTIST 50.0 0.0 X 135205 0 15951 PRESTON BAUTISTA DEPUTY DIR FOR PUBLIC PROGRAMS 40.0 0.0 X 169266 0 13109 ELLEN LEE WOOD-PULLIAM SENIOR CURATOR 50.0 0.0 X 174452 0 16750 KIM GATTLE DEPUTY DIR - INSTL ADVANCEMENT 50.0 0.0 X 199449 0 14722 1744329 0 118117 9 false true false CAMBRIDGE ASSOCIATES 100 SUMMER STREET BOSTON MA 02110 INVESTMENT ADVISOR 688195 ALFREDO JAAR 508 WEST 26TH STREET SUITE 9B NEW YORK CITY NY 10001 ARTIST 250000 land collective 57 N 2nd Street PHILADELPHIA PA 19106 landscape architect. 401415 KAHN'S CATERING 8580 Allison Pointe Blvd INDIANAPOLIS IN 46250 catering services 150856 Miller-Eads Co 4125 N Keystone Ave INDIANAPOLIS IN 46205 electrical services 226482 13 938365 279874 10705732 4269987 11923971 ADMISSION FEES 900099 995105 995105 PROJECT INCOME 900099 23310 23310 RESTAURANT AND CATERING INCOME 722511 231360 113725 117635 RENTAL INCOME 531190 341212 498704 -157492 CONSULTING SERVICES 541900 130024 130024 456037 456037 2177048 5918323 -236888 6155211 0 0 0 0 0 47201403 520706 26478524 0 20722879 520706 21243585 520706 154631 20568248 0 0 0 0 0 0 731543 346850 384693 182375 202318 0 41647620 2919986 80204 26723459 0 0 0 0 944096 236024 472048 236024 0 10935254 9235542 869960 829752 890682 662159 128029 100494 584490 385708 84016 114766 798408 642378 65947 90083 0 53682 42336 6145 5201 55816 55816 0 0 2822197 2822197 2094820 1652095 239781 202944 922496 727533 105593 89370 1141629 900354 130675 110600 44007 34707 5037 4263 0 1176178 927601 134630 113947 376064 296585 43046 36433 0 0 3193300 2518419 365518 309363 0 6148289 4848893 703757 595639 404243 318809 46271 39163 PURCHASE OF ART 528000 528000 FINANCIAL EXPENSES 321371 253452 36785 31134 MISCELLANEOUS EXPENSES 907325 715570 103857 87898 34342347 24926165 6419108 2997074 7354 7303 1417375 1371982 1588285 3028765 53014 95419 0 0 0 0 0 0 596752 538794 566446 503088 211268615 108131347 107311165 103137268 105217302 105374070 244110330 248141560 0 0 0 0 16469259 18606128 477337282 480804377 4887178 2657447 0 0 671000 759000 119464435 102277548 0 0 0 0 0 0 0 0 4256172 2708053 129278785 108402048 X 89405776 96841464 113171599 128184739 145481122 147376126 348058497 372402329 477337282 480804377 X 7305273 14041000 2997559 X false true X true false X 11330684 7494452 7800842 14690294 11894158 53210430 0 0 11330684 7494452 7800842 14690294 11894158 53210430 16090109 37120321 804147 2753533 2872393 4527358 5918323 16875754 0 0 70086184 21213427 0.52964 0.55238 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X false 343738000 2774506 37478494 28964600 5111400 349915000 363386000 9287986 -8646986 17245650 3043350 343738000 376446306 3415427 6574267 19592500 3457500 363386000 339676794 5382893 56886351 21422735 4076997 376446306 326327450 2308109 35480867 21016628 3423004 339676794 0.31200 0.39800 0.29000 false false 4063580 921861 4985441 167875255 78830209 89045046 36869715 28644613 8225102 1538204 656525 881679 103137268 ALTERNATIVE INVESTMENTS 248141560 F 248141560 0 LIABILITY FOR CHARITABLE ANNUI 57467 LIABILITY FOR AMOUNTS HELD 655149 INTEREST RATE SWAP 1995437 2708053 56210832 14041000 3344409 17385409 38825423 2822197 2822197 41647620 31867000 346850 346850 31520150 2822197 2822197 34342347 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 STATEMENTS 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, the IMA is one of the ten largest and oldest encyclopedic art museums in the United States. The IMAs 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. The IMA 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. The IMA 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 $ 346,850 AMORT. OF NET PERIODIC PENSION COSTS 271,000 CHANGES IN VALUE OF INTEREST RATE SWAP 1,784,559 CHANGES IN ACCUM. POSTRETIREMENT BENEFITS 942,000 TOTAL $ 3,344,409 SCHEDULE D, PART XII, LINE 2D RECONCILIATION OF EXPENSES PER AFS: COST OF GOOD SOLD $ 346,850 Europe (Including Iceland and Greenland) Investments N/A 6415383 Central America and the Caribbean INVESTMENTS N/A 68420240 North America INVESTMENTS N/A 1546366 76381989 76381989 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 476666 0 115000 0 110970 0 19067 0 10709 0 732412 0 0 0 JEREMIAH WISE CFO 157624 0 40000 0 0 0 6305 0 7754 0 211683 0 0 0 KATHRYN HAIGH DEPUTY DIR - COLLECTIONS 145697 20000 0 5828 7922 179447 0 0 GREG SMITH SENIOR CONSERVATION SCIENTIST 133205 2000 0 5328 10623 151156 0 0 PRESTON BAUTISTA DEPUTY DIR FOR PUBLIC PROGRAMS 149266 20000 0 5971 7138 182375 0 0 ELLEN LEE WOOD-PULLIAM SENIOR CURATOR 172452 2000 0 6898 9852 191202 0 0 KIM GATTLE DEPUTY DIR - INSTL ADVANCEMENT 184449 15000 0 7378 7344 214171 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 WILL REIMBURSE 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 INDIANAPOLIS MUSEUM OF ART, INC. 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. A INDIANA FINANCE AUTHORITY 351602316 2014-06-19 55139500 REFUNDING OF SERIES 2001 AND 2004 false false false B INDIANA FINANCE AUTHORITY 351602316 45506DJM8 2013-05-08 39950000 REFUNDING OF SERIES 2002 BONDS false false false C INDIANA FINANCE AUTHORITY 351602316 2013-03-25 26105000 REFUNDING OF SERIES 2001 BONDS false false false A 0 0 55139500 0 0 0 137596 0 0 0 55001904 0 true false true true B 0 0 39950000 0 0 0 381800 0 0 0 39568200 0 true false true true C 0 0 26105000 0 0 0 102863 0 0 0 26002137 0 true false true true A false false false false 0 false false false true B false false false false 0 false false false true C false false false false 0 false false false true A false false true false true false 0 false 0 false true B false false true false false false 0 false 0 false true C false false true false true false 0 false 0 false true A true B true C true X 487 3377260 APPRAISAL X 600 PURCHASE COST X 36 886130 STOCK QUOTE X 1 489 PURCHASE COST X 5 4380 PURCHASE COST X Equipment 2 1128 PURCHASE COST 11 false true true SCHEDULE M, PART I, LINE 32B THIRD PARTY WHO SELLS NON-CASH CONTRIBUTIONS: STIFEL NICOLAUS SELLS CONTRIBUTIONS OF STOCK RECEIVED BY THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBER RELATIONSHIPS: MICHAEL KUBACKI AND THOMAS HIATT HAVE A BUSINESS RELATIONSHIP. MATTHEW GUTWEIN AND SHERRON ROGERS HAVE A BUSINESS RELATIONSHIP. 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 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: THE INDIANAPOLIS MUSEUM OF ART 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 & 15B 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. THE CEO'S LAST COMPENSATION REVIEW TOOK PLACE IN MARCH OF 2016 BY OPPENHEIM AND ASSOCIATES. KEY EMPLOYEE COMPENSATION WAS LAST REVIEWED IN THE SPRING OF 2016 BY HR DIRECTOR, LAURA MCGREW. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF GOVERNING DOCUMENTS, CONFLICT OF INT. POLICY, AND FS: THE INDIANAPOLIS MUSEUM OF ART 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. FORM 990, PART XI, LINE 5 OTHER CHANGES IN NET ASSETS OR FUND BALANCES: CHANGES IN VALUE OF INTEREST RATE SWAP $ 1,784,559 CHANGES IN ACCUM. POSTRETIREMENT BENEFITS 942,000 AMORT. OF NET PERIODIC PENSION COSTS 271,000 TOTAL $ 2,997,559 OLDFIELDS LLC 4000 MICHIGAN ROAD INDIANAPOLIS IN 46208 REAL ESTATE IN 68 19273 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