2017-05-11T15:27:11-05:00 2016-06-30 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2015-07-01 410693915 MINNEAPOLIS SOCIETY OF FINE ARTS DBA MINNEAPOLIS INSTITUTE OF ART MINN 6128703000 2400 THIRD AVENUE SOUTH MINNEAPOLIS MN 55404 PATRICIA GRAZZINI DEPUTY DIRECTOR/COO/ASST TREAS 6128703000 2017-05-10 1 AMY HENDLEY P01300654 6123764500 2015 2021-01-29 14:40:06Z MINNEAPOLIS INSTITUTE OF ART KAYWIN FELDMAN 2400 THIRD AVENUE SOUTH MINNEAPOLIS MN 55404 96491071 0 X WWW.ARTSMIA.ORG X 1883 MN ENRICHING THE COMMUNITY BY COLLECTING, PRESERVING AND MAKING ACCESSIBLE OUTSTANDING WORKS OF ART 60 58 434 364 15391 6162 43874050 22958001 3785801 3172986 10605113 10191621 -174000 264041 58090964 36586649 0 0 0 0 18840384 19172086 0 0 2156180 23973825 20006811 42814209 39178897 15276755 -2592248 337927237 320012473 13519091 11800656 324408146 308211817 X THE MINNEAPOLIS INSTITUTE OF ART (MIA) ENRICHES THE COMMUNITY BY COLLECTING, PRESERVING, AND MAKING ACCESSIBLE OUTSTANDING WORKS OF ART FROM THE WORLD'S DIVERSE CULTURES. 1 0 17528759 0 1480060 EXHIBITIONS:EXHIBITIONS BRING NEW INSIGHTS TO ART. OUR GALLERIES ARE FILLED WITH A DIVERSE AND RICH SPECTRUM OF EXHIBITIONS, PRODUCED FROM EITHER ORIGINAL SCHOLARSHIP OR THROUGH PARTNERSHIPS WITH OTHER LEADING ART MUSEUMS. MIA PRODUCED 23 EXHIBITIONS AND PUBLICATIONS DURING THE PAST YEAR. MAJOR EXHIBITIONS IN FY16 INCLUDE: - DELACROIX'S INFLUENCE: THE RISE OF MODERN ART FROM CEZANNE TO VAN GOGH- SEVEN MASTERS: 20TH CENTURY JAPANESE WOODBLOCK PRINTS FROM THE WELLS COLLECTION- GIFTS OF JAPANESE AND KOREAN ART FROM THE MARY GRIGGS BURKE COLLECTION- STATE OF THE ART: DISCOVERING AMERICAN ART NOW- FERRAN ADRI: NOTES ON CREATIVITY- MASTERPIECE IN FOCUS: VINCENT VAN GOGH, IRISES- INTERNATIONAL MODERNISM: ART IN A FAST-CHANGING WORLD- LIVING ROOMS - MADE IN CHINA: THE MACFARLANE ROOM WALLPAPER; THE JANE AUSTIN READING ROOM PUBLICATIONS PRODUCED IN FY16:- WHO'S WHO: SEEING BACK TO FRONT- JAMES CASTLE, THE EXPERIENCE OF EVERY DAY 4734919 0 163400 ACQUISITIONS:ACQUISITIONS BRING NEW STRENGTH TO THE COLLECTION. THE PERMANENT COLLECTION IS ALWAYS AT THE CORE OF OUR WORK. IN FY16, 1,985 SUPERB OBJECTS WERE ACQUIRED ENRICHING EACH OF THE SEVEN CURATORIAL AREAS. 3143975 0 254847 OUTREACH AND EDUCATION:WITH A STRONG COMMITMENT TO OUTREACH AND EDUCATION, MIA COMPLEMENTS ITS COLLECTION AND EXHIBITIONS WITH A WIDE ARRAY OF PUBLIC PROGRAMS WHICH INCLUDE POPULAR YOUTH AND FAMILY PROGRAMS, STUDENT AND ADULT CLASSES, SEMINARS, LECTURES, DEMONSTRATIONS, CONCERTS, AND FILMS. THROUGH THE MUSEUM'S COMPREHENSIVE SCHOOL SERVICES PROGRAM, EDUCATORS AND COMMUNITY VOLUNTEERS BROUGHT ART INTO THE LIVES OF STUDENTS, THROUGH BOTH CLASSROOM AND MUSEUM VISITS.860,128 K-12 STUDENTS STATEWIDE BENEFITED FROM CLASSROOM RESOURCES SUPPLIED BY THE MUSEUM.74,817 STUDENTS WERE SERVED BY THE MUSEUM'S ART ADVENTURE PROGRAM IN THEIR SCHOOLS.64,263 K-12 STUDENTS AND 4,913 PARENT CHAPERONES TOURED THE MUSEUM.1,639 TEACHERS AND ART ADVENTURE VOLUNTEERS RECEIVED MUSEUM TRAINING.809 PRESCHOOLERS VISITED THE MUSEUM FOR AN ARTFUL STORIES TOUR.40,099 KIDS AND FAMILIES TOOK PART IN OUR FREE MONTHLY FAMILY DAYS.377 INDIVIDUALS PARTICIPATED IN "DISCOVER YOUR STORY" TOURS FOR PEOPLE WITH ALZHEIMER'S DISEASE AND THEIR CAREGIVERS.61,218 ADULTS PARTICIPATED IN MIA LECTURES, WORKSHOPS AND FILMS.49,735 STUDENTS PARTICIPATED IN OUR COMMUNITY ARTS PROGRAMS, WHICH INCLUDED COLLABORATIONS WITH THE MINNEAPOLIS PARK AND RECREATION BOARD AND HENNEPIN COUNTY LIBRARIES.81 VISITORS CAME FOR SPANISH LANGUAGE TOURS.191 VETERANS PARTICIPATED IN VETERANS' ART CONNECTED TOURS. 6191104 0 690753 A CULTURAL HIGHLIGHT OF THE TWIN CITIES, THE MINNEAPOLIS INSTITUTE OF ART (MIA) IS INTERNATIONALLY RENOWNED AS ONE OF THE GREAT ENCYCLOPEDIC FINE ART MUSEUMS. IN A BEAUTIFUL LANDMARK STRUCTURE NEAR DOWNTOWN MINNEAPOLIS, THE MUSEUM HOUSES A WORLD-CLASS COLLECTION OF MORE THAN 89,000 WORKS OF ART, REPRESENTING ARTISTIC TRADITIONS AND TREASURES SPANNING 5,000 YEARS. MIA, WITH ITS FREE ADMISSIONS POLICY, IS AN INVALUABLE RESOURCE TO THE COMMUNITY, WELCOMING VISITORS OF ALL AGES TO ENJOY THE WONDER AND BEAUTY OF ART.DURING THE 2016 FISCAL YEAR, 758,961 PEOPLE VISITED MIA, WITH AN ADDITIONAL 1.16 MILLION "VIRTUAL VISITORS" EXPLORING THE MUSEUM'S COLLECTIONS AND EXHIBITIONS VIA ITS AWARD-WINNING WEB SITE, WWW.ARTSMIA.ORG, AND AN ADDITIONAL 31.8 MILLION IMPRESSIONS ON MIA'S SOCIAL MEDIA SITES, INCLUDING FACEBOOK, TWITTER, YOUTUBE, VIMEO, INSTAGRAM, AND FLICKR. MIA HAD 25,178 MEMBER HOUSEHOLDS DURING THE FISCAL YEAR.WITH A STRONG COMMITMENT TO OUTREACH AND EDUCATION, MIA COMPLEMENTS ITS COLLECTION AND EXHIBITIONS WITH A WIDE ARRAY OF PUBLIC PROGRAMS, CLASSES, LECTURES, AND SPECIAL EVENTS. THROUGH MIA'S COMPREHENSIVE SCHOOL SERVICES PROGRAM, EDUCATORS AND COMMUNITY VOLUNTEERS DURING FISCAL YEAR 2016 BROUGHT ART INTO THE LIVES OF OVER 155,000 STUDENTS, THROUGH BOTH CLASSROOM AND MUSEUM VISITS. 6191104 0 690753 31598757 1 1 0 1 0 0 0 1 0 1 1 1 0 1 1 1 1 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 0 0 0 1 220 0 434 1 1 1 0 0 0 0 1 1 0 0 0 0 X 60 58 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X KRIS DAVIDSON 6128703064 2400 THIRD AVENUE SOUTH MINNEAPOLIS MN 55404 KAYWIN FELDMAN DIRECTOR AND PRESIDENT 40.00 X X 572458 0 153037 MAURICE BLANKS CHAIR 1.00 X X 0 0 0 NANCY ENGH VICE CHAIR 1.00 X X 0 0 0 JOHN PRINCE VICE CHAIR 1.00 X X 0 0 0 MARIANNE SHORT SECRETARY 1.00 X X 0 0 0 JOHN LINDAHL TREASURER 1.00 X X 0 0 0 KARI ALLDREGE ELECTIVE TRUSTEE 1.00 X 0 0 0 STACIA ANDERSON ELECTIVE TRUSTEE 1.00 X 0 0 0 GARY BHOJWANI ELECTIVE TRUSTEE 1.00 X 0 0 0 BLYTHE BRENDEN ELECTIVE TRUSTEE 1.00 X 0 0 0 KITTY CROSBY ELECTIVE TRUSTEE 1.00 X 0 0 0 KEN CUTLER ELECTIVE TRUSTEE 1.00 X 0 0 0 RICHARD DAVIS ELECTIVE TRUSTEE 1.00 X 0 0 0 ERIC DAYTON ELECTIVE TRUSTEE 1.00 X 0 0 0 WENDY DAYTON ELECTIVE TRUSTEE 1.00 X 0 0 0 JANE EMISON ELECTIVE TRUSTEE 1.00 X 0 0 0 MICHAEL FERNANDEZ ELECTIVE TRUSTEE 1.00 X 0 0 0 MICHAEL FRANCIS ELECTIVE TRUSTEE 1.00 X 0 0 0 GAYLE FUGUITT ELECTIVE TRUSTEE 1.00 X 0 0 0 NICK GANGESTAD ELECTIVE TRUSTEE 1.00 X 0 0 0 MICHAEL GOAR ELECTIVE TRUSTEE 1.00 X 0 0 0 MARY INGEBRAND POHLAD ELECTIVE TRUSTEE 1.00 X 0 0 0 HUBERT JOLY ELECTIVE TRUSTEE 1.00 X 0 0 0 RICK KING ELECTIVE TRUSTEE 1.00 X 0 0 0 LARRY KLOTH ELECTIVE TRUSTEE 1.00 X 0 0 0 MARK LACEK ELECTIVE TRUSTEE 1.00 X 0 0 0 DIANE LILLY ELECTIVE TRUSTEE 1.00 X 0 0 0 REID MACDONALD ELECTIVE TRUSTEE 1.00 X 0 0 0 DONALD MACMILLAN ELECTIVE TRUSTEE 1.00 X 0 0 0 NIVIN MACMILLAN ELECTIVE TRUSTEE 1.00 X 0 0 0 BRENT MAGID ELECTIVE TRUSTEE 1.00 X 0 0 0 AL MCQUINN ELECTIVE TRUSTEE 1.00 X 0 0 0 LUCY MITCHELL ELECTIVE TRUSTEE 1.00 X 0 0 0 LENI MOORE ELECTIVE TRUSTEE 1.00 X 0 0 0 LIZ NORDLIE ELECTIVE TRUSTEE 1.00 X 0 0 0 MARY OLSON ELECTIVE TRUSTEE 1.00 X 0 0 0 MIKE REGER ELECTIVE TRUSTEE 1.00 X 0 0 0 ABIGAIL ROSE ELECTIVE TRUSTEE 1.00 X 0 0 0 TOM SCHREIER ELECTIVE TRUSTEE 1.00 X 0 0 0 ROGER SIT ELECTIVE TRUSTEE 1.00 X 0 0 0 MIKE SNOW ELECTIVE TRUSTEE 1.00 X 0 0 0 BRIAN TAYLOR ELECTIVE TRUSTEE 1.00 X 0 0 0 LORI WATSO ELECTIVE TRUSTEE 1.00 X 0 0 0 JANE WILF ELECTIVE TRUSTEE 1.00 X 0 0 0 DAVID WILSON ELECTIVE TRUSTEE 1.00 X 0 0 0 SANDRA BUTLER LIFE TRUSTEE 1.00 X 0 0 0 BURTON COHEN LIFE TRUSTEE 1.00 X 0 0 0 BEVERLY GROSSMAN LIFE TRUSTEE 1.00 X 0 0 0 ALFRED HARRISON LIFE TRUSTEE 1.00 X 0 0 0 DAVID LEBEDOFF LIFE TRUSTEE 1.00 X 0 0 0 BOB ULRICH LIFE TRUSTEE 1.00 X 0 0 0 GOVERNOR MARK DAYTON TRUSTEE BY VIRTUE OF OFFICE 1.00 X 0 0 0 MAYOR BETSY HODGES TRUSTEE BY VIRTUE OF OFFICE 1.00 X 0 0 0 SENATOR KARI DZIEDZIC TRUSTEE BY VIRTUE OF OFFICE 1.00 X 0 0 0 SENATOR JULIE ROSEN TRUSTEE BY VIRTUE OF OFFICE 1.00 X 0 0 0 REPRESENTATIVE JENIFER LOON TRUSTEE BY VIRTUE OF OFFICE 1.00 X 0 0 0 REPRESENTATIVE PAUL THISSEN TRUSTEE BY VIRTUE OF OFFICE 1.00 X 0 0 0 COMMISSIONER JAN CALLISON TRUSTEE BY VIRTUE OF OFFICE 1.00 X 0 0 0 COMMISSIONER ANITA TAB TRUSTEE BY VIRTUE OF OFFICE 1.00 X 0 0 0 CONNIE SOMMERS TRUSTEE BY VIRTUE OF OFFICE 1.00 X 0 0 0 MICHELE NICHOLS ASSISTANT SECRETARY 40.00 X 86784 0 13844 PATRICIA GRAZZINI ASSISTANT TREASURER 40.00 X 317922 0 59439 DOUGLAS HEGLEY CHIEF DIGITAL OFFICER 40.00 X 205668 0 25333 KRISTEN PRESTEGAARD CHIEF ENGAGEMENT OFFICER 40.00 X 170825 0 15283 MATTHEW WELCH DEPUTY DIRECTOR AND CHIEF CURATOR 40.00 X 254365 0 19063 JULIANNE AMENDOLA CHIEF ADVANCEMENT OFFICER 40.00 X 189423 0 16266 YANG LIU - HEAD OF CSSAA DEPT CURATOR OF CHINESE ART 40.00 X 149495 0 21839 ANDREAS MARKS - CURATOR OF JAPANESE ART/DIRECTOR CLARK CENTER 40.00 X 157823 0 10893 PATRICK NOON CURATOR OF PAINTINGS 40.00 X 171720 0 18925 THOMAS RASSIEUR CURATOR OF PRINTS & DRAWINGS 40.00 X 156860 0 14109 EVAN MAURER FORMER DIRECTOR AND PRESIDENT 0.00 X 62000 0 0 EIKE SCHMIDT - CURATOR OF DECORATIVE ARTS, TEXTILES & SCULPTURE 40.00 X 115650 0 13871 2610993 0 381902 21 1 1 0 MASTERPIECE INTERNATIONAL-NY 39 BROADWAY SUITE 4210 NEW YORK NY 10006 SHIPPING 1200511 JE DUNN NORTHCENTRAL 9855 WEST 78TH STREET SUITE 270 MINNEAPOLIS MN 55344 CONSTRUCTION SERVICES 357240 SCHAFFER FINE ARTS SERVICES 315 MORTON STREET WEST ST PAUL MN 55107 EXHIBITION PREPARATION SERVICES 208931 MONTICELLO ASSOCIATES 1800 LARIMER STREET SUITE 2100 DENVER CO 80202 INVESTMENT ADVISOR 200000 WESTERN WATERPROOFING 111 LOWRY AVE NE MINNEAPOLIS MN 55418 PARKING RAMP REPAIR 160211 13 1711154 812278 11099742 9334827 479377 22958001 PROGRAM ADMISSIONS/FEES 900099 1480060 1480060 RENTALS/REIMBURSEMENTS 532000 706813 690753 16060 PARKING 812930 567866 567866 CLASSES AND PROGRAMS 900099 254847 254847 DEACCESSIONS 900099 163400 163400 3172986 5068647 -669 5069316 64080504 58957530 5122974 5122974 5122974 265256 812278 422555 -157299 -157299 945677 524337 421340 421340 36586649 2589060 15391 11024197 1854827 994942 673800 186085 32000 32000 13744314 11390107 1192620 1161587 542466 454983 43457 44026 1930422 1576837 201307 152278 1068057 883649 99774 84634 124718 124718 125529 125529 61000 61000 1465675 1465675 2696848 2126587 304131 266130 656869 610977 25917 19975 1336511 1181833 79330 75348 373610 159812 153889 59909 1931798 1708894 197534 25370 681873 547449 115487 18937 55864 31458 22106 2300 26266 26266 3134006 2952241 165437 16328 471422 234955 236467 ACCESSIONS 4610674 4610674 SHIPPING, CRATINGS, PAC 1314973 1314973 DUES AND SUBSCRIPTIONS 135570 60230 72687 2653 UBI TAXES 2419 2419 801186 758156 2410 40620 39178897 31598757 5423960 2156180 13195 6950 16549368 18034706 11744404 4892591 13326281 9180380 354149 434675 265237 321446 117482912 50835883 68498254 66647029 82930124 80722391 83734872 82164930 60511353 57607375 337927237 320012473 5886256 4437396 5283591 5704409 1098131 477739 1251113 1181112 13519091 11800656 X 101440986 92992863 49638949 43162476 173328211 172056478 324408146 308211817 337927237 320012473 X -2592248 -13510555 -93526 X 0 1 X 1 0 X 11769426 16030423 22244563 33143155 11858259 95045826 11496112 10694913 10405215 10730895 11099742 54426877 23265538 26725336 32649778 43874050 22958001 149472703 23412124 126060579 5962433 5005439 4670429 5415694 5069316 26123311 18340 7399 25739 175621753 17232275 0.71780 0.72240 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 1 61000 0 0 61000 0 PART II-B, LINE 1: THE LOBBYIST AND CONSULTANTS RETAINED BY THE MIA PROVIDE GENERAL COUNSEL REGARDING COMMUNITY, GOVERNMENT, AND NONPROFIT ISSUES. THE CONSULTANTS DID NOT LOBBY ON BEHALF OF THE MIA. X X X X 0 169608914 1632245 -3837688 7581932 159821539 152768111 20894143 2898627 6951967 169608914 128955806 11235796 19089818 6513309 152768111 115823294 4234105 15070104 6171697 128955806 119266897 1191766 1127066 5762435 115823294 0.14590 0.70610 0.14800 0 0 9128229 9128229 95659360 40183485 55475875 12636947 10652398 1984549 58376 58376 66647029 HEDGED EQUITY FUNDS 35404772 F DOMESTIC EQUITY 26978750 F INTERNATIONAL EQUITY 19781408 F 82164930 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 57607375 57607375 AMOUNTS DUE TO BENEFICIARIES 1181112 1181112 X 23073968 -13510555 607177 856372 -12047006 35120974 1465675 1465675 36586649 39270297 607177 949898 1557075 37713222 1465675 1465675 39178897 PART III, LINE 1A: MIA'S COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE MIA'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENTS OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR AS TEMPORARILY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. PURCHASES ARE REFLECTED IN THE STATEMENTS OF ACTIVITIES AS ACCESSIONS. PROCEEDS FROM DE-ACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS. MIA'S COLLECTION ITEMS ARE CATALOGED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. PART V, LINE 4: NAMED ENDOWMENT FUNDS ESTABLISHED BY DONORS TO THE MIA PROVIDE AN ONGOING SOURCE OF INCOME FOR MUSEUM PROGRAMS AND ACQUISITION OF ART FOR THE MIA'S PERMANENT COLLECTION. PART X, LINE 2: MIA QUALIFIES AS A TAX-EXEMPT ORGANIZATION DESCRIBED IN SECTION 501(C)(3) AND IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(2) OF THE INTERNAL REVENUE CODE. HOWEVER, ANY UNRELATED BUSINESS INCOME MAY BE SUBJECT TO TAXATION. INCOME TAXES FOR UNRELATED BUSINESS INCOME ACTIVITIES ARE ACCRUED AND INCLUDED IN THE STATEMENTS OF ACTIVITIES IN THE YEAR INCURRED. MIA'S ACCOUNTING POLICY PROVIDES THAT A TAX EXPENSE OR BENEFIT FROM AN UNCERTAIN TAX POSITION MAY BE RECOGNIZED WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTIONS OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS. MIA HAS NO UNCERTAIN TAX POSITIONS RESULTING IN AN ACCRUAL OR TAX EXPENSE OR BENEFIT. MIA'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES 422,555. COST OF GOODS SOLD AND FREIGHT IN - MUSEUM SHOP 524,337. GAIN ON BENEFICIARY AGREEMENTS -93,526. DIFFERENCE IN DRAW - TRUSTS 3,006. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD AND FREIGHT IN - MUSEUM SHOP 524,337. SPECIAL EVENTS EXPENSES 422,555. DIFFERENCE IN DRAW - TRUSTS 3,006. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 35404772 0 0 0 0 0 0 35404772 0 35404772 1 0 1 0 0 0 PART I, LINE 3: MIA IS REPORTING THE MARKET VALUE OF INVESTMENTS IN SCHEDULE F, PART I. GALA 689746 585746 104000 61360 17100 179382 ART IN BLOOM 334760 223412 111348 41091 6019 95948 1 53028 3120 49908 12127 600 8928 1077534 812278 265256 114578 23719 284258 422555 -157299 X X X X X X 1 1 0 0 0 0 0 0 0 KAYWIN FELDMAN DIRECTOR AND PRESIDENT 481718 0 67500 0 23240 0 146829 0 6208 0 725495 0 0 0 PATRICIA GRAZZINI ASSISTANT TREASURER 296268 0 8000 0 13654 0 50072 0 9367 0 377361 0 0 0 DOUGLAS HEGLEY CHIEF DIGITAL OFFICER 197668 0 8000 0 0 0 10683 0 14650 0 231001 0 0 0 KRISTEN PRESTEGAARD CHIEF ENGAGEMENT OFFICER 162825 0 8000 0 0 0 8601 0 6682 0 186108 0 0 0 MATTHEW WELCH DEPUTY DIRECTOR AND CHIEF CURATOR 253438 0 0 0 927 0 12855 0 6208 0 273428 0 0 0 JULIANNE AMENDOLA CHIEF ADVANCEMENT OFFICER 181423 0 8000 0 0 0 9531 0 6735 0 205689 0 0 0 YANG LIU - HEAD OF CSSAA DEPT CURATOR OF CHINESE ART 149045 0 0 0 450 0 7782 0 14057 0 171334 0 0 0 ANDREAS MARKS - CURATOR OF JAPANESE ART/DIRECTOR CLARK CENTER 157364 0 0 0 459 0 4685 0 6208 0 168716 0 0 0 PATRICK NOON CURATOR OF PAINTINGS 171720 0 0 0 0 0 9036 0 9889 0 190645 0 0 0 THOMAS RASSIEUR CURATOR OF PRINTS & DRAWINGS 156403 0 0 0 457 0 7901 0 6208 0 170969 0 0 0 EVAN MAURER FORMER DIRECTOR AND PRESIDENT 0 0 0 0 62000 0 0 0 0 0 62000 0 0 0 EIKE SCHMIDT - CURATOR OF DECORATIVE ARTS, TEXTILES & SCULPTUR 110664 0 0 0 4986 0 6065 0 7806 0 129521 0 0 0 PART I, LINES 4A-B KAYWIN FELDMAN PARTICIPATES IN 457(B) AND 457(F) NON-QUALIFIED RETIREMENT PLANS APPROVED BY THE BOARD OF TRUSTEES ON JULY 1, 2010 AND DECEMBER 1, 2011, RESPECTIVELY. CONTRIBUTIONS FOR THESE PLANS ARE REFLECTED IN OTHER REPORTABLE COMPENSATION AND DEFERRED COMPENSATION. CONTRIBUTIONS AND CHANGE IN VALUE TO THE 457(F) PLAN FOR CALENDAR YEAR 2015 TOTALED $122,979. PATRICIA GRAZZINI PARTICIPATES IN 457(B) AND 457(F) NON-QUALIFIED RETIREMENT PLANS APPROVED BY THE BOARD OF TRUSTEES ON DECEMBER 17, 2001. CONTRIBUTIONS FOR THESE PLANS ARE REFLECTED IN OTHER REPORTABLE COMPENSATION AND DEFERRED COMPENSATION. CONTRIBUTIONS AND CHANGE IN VALUE TO THE 457(F) PLAN FOR CALENDAR YEAR 2015 TOTALED $26,222. ROGER SIT - SIT INVESTMENT ASSOCIATES ELECTED TRUSTEE 188379 INVESTMENT MANAGEMENT FEES 0 SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: MIA HAS CONTRACTED WITH SIT INVESTMENT ASSOCIATES FOR INVESTMENT MANAGEMENT. ROGER SIT, MIA TRUSTEE, IS AN EMPLOYEE AND EXECUTIVE OFFICER OF SIT INVESTMENT ASSOCIATES. X 85 N/A - SEE PART II X 42 379800 QUOTED MARKET PRICES X FURNITURE 31 94176 FMV ON GIFT DATE X SILENT AUCTION ITEMS 12 4401 FMV ON GIFT DATE X COMPUTER EQUIPMENT 1 1000 FMV ON GIFT DATE 27 0 1 1 PART I, COLUMN (B): MIA REPORTS THE NUMBER OF CONTRIBUTORS ON SCHEDULE M, PART I, COLUMN B. PART I, LINE 33: MIA'S COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE MIA'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENTS OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR AS TEMPORARILY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. PURCHASES ARE REFLECTED IN THE STATEMENTS OF ACTIVITIES AS ACCESSIONS. PROCEEDS FROM DE-ACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS. MIA'S COLLECTION ITEMS ARE CATALOGED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. FORM 990, PART III, LINE 2 CALENDAR YEAR 2015, THE LATTER HALF OF WHICH FELL INTO THE FISCAL YEAR ENDED JUNE 30, 2016, MARKED THE 100TH ANNIVERSARY OF THE MUSEUM AND WAS CELEBRATED THROUGH 52 BIRTHDAY YEAR SPECIAL EVENTS, PROGRAMMING AND EXHIBITIONS. THIS INCLUDED MANY PUBLIC OPPORTUNITIES TO ENGAGE WITH THE ART AS WELL AS COMMUNITY CELEBRATIONS IN THE NEIGHBORHOOD. DURING THE YEAR, MIA HAD A BIRTHDAY YEAR THEMED-EVENT EVERY WEEK THAT IS DOCUMENTED ON OUR WEBSITE AT ARTSMIA.ORG. IN FY16, MIA CONTINUED THE ROLLOUT OF ITS NEW AND COHESIVE BRANDING WHICH REFLECTS THE WARMER AND FRIENDLIER ASPECTS OF THE MUSEUM'S IDENTITY. THIS CHANGE BOLDLY AND AUTHENTICALLY EMBRACES THE MUSEUM'S STRATEGIC PLAN AND SIGNALS THE ROLE AS THE PEOPLE'S MUSEUM. IT IS THE HOPE THAT EVERYONE WHO VISITS, WHETHER FOR THE FIRST TIME OR THE HUNDREDTH, WILL FEEL THAT MIA BELONGS TO THEM. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIR, VICE CHAIRS, SECRETARY, TREASURER, DIRECTOR, AND CHAIR OF EACH COMMITTEE OF THE BOARD. THE PRIMARY PURPOSE OF THE EXECUTIVE COMMITTEE IS TO ASSIST THE BOARD IN FULFILLING ITS RESPONSIBILITIES WHEN IT IS NOT PRACTICAL OR FEASIBLE FOR THE FULL BOARD TO MEET AND DURING INTERVALS BETWEEN THE MEETINGS OF THE BOARD. IN THE EXERCISE OF SUCH POWERS, THE COMMITTEE IS RESPONSIBLE TO THE BOARD FOR ALL OF SUCH ACTS. FORM 990, PART VI, SECTION A, LINE 2 KITTY CROSBY AND LUCY MITCHELL - FAMILY RELATIONSHIP ERIC DAYTON, MARK DAYTON, WENDY DAYTON - FAMILY RELATIONSHIP DONALD MACMILLAN AND NIVAN MACMILLAN - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION A, LINE 7A IN ADDITION TO THE ELECTIVE TRUSTEES, EACH OF THE FOLLOWING PERSONS, UPON HIS OR HER ACCEPTANCE, IS A MEMBER OF THE BOARD FOR THE RESPECTIVE TERM OF HIS OR HER OFFICE: THE GOVERNOR OF THE STATE OF MINNESOTA, THE MAYOR OF THE CITY OF MINNEAPOLIS, AND THE PRESIDENT OF THE FRIENDS OF THE INSTITUTE. OTHER EX-OFFICIO MEMBERS INCLUDE THOSE WHO FROM TIME TO TIME ARE APPOINTED BY THE EXECUTIVE COMMITTEE OF THE MIA: TWO MEMBERS OF EACH OF THE MINNESOTA SENATE AND HOUSE OF REPRESENTATIVES WHO RESIDE IN HENNEPIN COUNTY, AND ONE MEMBER OF EACH OF THE BOARD OF HENNEPIN COUNTY COMMISSIONERS AND THE MINNEAPOLIS PARK AND RECREATION BOARD. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY A PROFESSIONAL ACCOUNTING FIRM FROM INFORMATION PROVIDED BY THE MIA. THE CONTROLLER AND DEPUTY DIRECTOR OF THE MIA THEN REVIEW THE FORM FOR ACCURACY. A COPY OF THE DRAFT FORM IS FIRST PROVIDED TO MEMBERS OF THE AUDIT AND EXECUTIVE COMMITTEES FOR REVIEW AND DISCUSSION PRIOR TO FILLING. UPON THEIR REVIEW, A FINAL COPY IS PROVIDED TO THE FULL BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, ALL MEMBERS OF THE BOARD OF TRUSTEES ARE ASKED TO COMPLETE A DISCLOSURE STATEMENT. EACH TRUSTEE IS RESPONSIBLE TO REPORT DEVELOPMENTS RELATIVE TO ACTIVITIES AS DEFINED IN THE MIA'S BYLAWS. IF SUCH A DEVELOPMENT ARISES AFTER COMPLETING THE ANNUAL DISCLOSURE FORM, THE TRUSTEE IS ASKED TO DISCLOSE TO THE BOARD ANY POSSIBLE CONFLICT OF INTEREST AT THE EARLIEST PRACTICABLE TIME. DISCLOSURE STATEMENTS ARE REVIEWED BY THE EXECUTIVE COMMITTEE AND THE POLICY MANAGEMENT TEAM. NO TRUSTEE SHALL VOTE ON ANY MATTER, UNDER CONSIDERATION OR AT A BOARD OR COMMITTEE MEETING, IN WHICH SUCH TRUSTEE HAS A CONFLICT OF INTEREST. THE MINUTES OF ANY SUCH MEETING WILL REFLECT THAT A DISCLOSURE WAS MADE AND THAT THE TRUSTEE HAVING A CONFLICT OF INTEREST ABSTAINED FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15 IT IS THE POLICY OF THE MIA THAT THE COMPENSATION PAID TO ITS EMPLOYEES IS REASONABLE AND COMPETITIVE IN RELATION TO COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS, SUBJECT TO BUDGETARY CONSIDERATIONS. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES SERVES AS THE COMPENSATION COMMITTEE (THE "COMMITTEE") AND IS RESPONSIBLE FOR COMPLIANCE WITH THE COMPENSATION POLICIES AND PROCEDURES. MEMBERS OF THE COMMITTEE WITH A CONFLICT OF INTEREST MUST RECUSE HIMSELF OR HERSELF FROM SUCH ACTION AND MAY NOT PARTICIPATE IN NOR BE PRESENT DURING ANY DISCUSSIONS, DELIBERATIONS OR DECISIONS. THE COMMITTEE SETS THE COMPENSATION OF THE DIRECTOR & PRESIDENT. THE DIRECTOR & PRESIDENT MAKES RECOMMENDATIONS TO THE COMMITTEE AS TO THE COMPENSATION FOR OTHER POSITIONS REPORTED ON FORM 990 BUT DOES NOT PARTICIPATE IN ANY VOTE WITH RESPECT TO APPROVING THEIR COMPENSATION. THE DIRECTOR & PRESIDENT SETS THE COMPENSATION OF ALL OTHER EMPLOYEES NOT GOVERNED BY UNION CONTRACTS. ACCOMPANYING THE POLICY IS A SET OF BOARD-APPROVED PROCEDURES. THE COMMITTEE AND THE DIRECTOR & PRESIDENT OBTAIN AND USE COMPARABILITY DATA PRIOR TO AND IN CONNECTION WITH THE DETERMINATION AND APPROVAL OF ALL COMPENSATION. THE COMPARABILITY DATA INCLUDES BUT IS NOT LIMITED TO: CURRENT COMPENSATION AND BENEFITS DATA FROM COMPARABLE TAX-EXEMPT AND, IN SOME CASES, TAXABLE ORGANIZATIONS, FOR FUNCTIONALLY COMPARABLE POSITIONS REQUIRING SIMILAR SKILLS, EDUCATION, AND EXPERIENCE; THE LOCATION OF THE ORGANIZATION (INCLUDING THE AVAILABILITY OF QUALIFIED PEOPLE IN THE GEOGRAPHIC AREA); INDEPENDENT PAY SURVEYS BY NATIONALLY RECOGNIZED FIRMS; ACTUAL WRITTEN OFFERS FROM SIMILAR INSTITUTIONS COMPETING FOR THE SERVICES OF THE PERSON; THE NUMBER OF EMPLOYEES AND THE ASSETS, BUDGET OR REVENUES SUPERVISED; AND ANY UNUSUAL CHALLENGES. THE COMMITTEE AND THE DIRECTOR & PRESIDENT ARE REQUIRED TO DOCUMENT ALL ASPECTS OF ALL PROCEEDINGS REGARDING THE COMPARABILITY DATA AS WELL AS THE APPROVAL OF ALL COMPENSATION. THESE PROCESSES WERE LAST PERFORMED IN APRIL OF 2016. FORM 990, PART VI, SECTION C, LINE 19 THE MIA MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS ON BENEFICIARY AGREEMENTS -93,526. JOHN R VAN DERLIP TRUST PO BOX 64713 ST PAUL MN 55164 416015288 PERPETUAL TRUST MN 501(C)(3) LINE 11D, III-O MINNEAPOLIS SOCIETY OF FINE ARTS 1 ETHEL M VAN DERLIP TRUST PO BOX 64713 ST PAUL MN 55164 416014949 PERPETUAL TRUST MN 501(C)(3) LINE 11D, III-O MINNEAPOLIS SOCIETY OF FINE ARTS 1 LILLIAN ZENOBIA TURNBLAD TRUST PO BOX 64713 ST PAUL MN 55164 416015498 PERPETUAL TRUST MN 501(C)(3) LINE 11D, III-O MINNEAPOLIS SOCIETY OF FINE ARTS 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 JOHN R VAN DERLIP TRUST S 2137927 CASH TRANSFERRED ETHEL M VAN DERLIP TRUST S 503565 CASH TRANSFERRED LILLIAN ZENOBIA TURNBLAD TRUST S 63376 CASH TRANSFERRED