2017-02-24T08:26:16-06:00 2016-06-30 450250958 EIDE BAILLY LLP 4310 17TH AVE S PO BOX 2545 FARGO ND 581082545 990 2015-07-01 411260780 Plains Art Museum PLAI 7015516100 PO Box 2338 Fargo ND 581082338 Andy Maus CEO 7015516100 2017-02-20 1 LISA CHAFFEE CPA P00193453 7012398500 2017-02-20 2015 2021-01-29 14:40:06Z Andy Maus PO Box 2338 Fargo ND 581082338 14790721 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. 16 15 160 65 21248 -3244 555272 647184 227251 188256 60580 7046 931289 889085 1774392 1731571 0 0 0 0 1051201 887720 0 0 226560 1062891 1147134 2114092 2034854 -339700 -303283 8878181 8473577 1922900 1776982 6955281 6696595 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 361976 134724 In fiscal year 2016, Plains Art Museum made tremendous strides in delivering our mission. This was done through the organization of over 15 exhibitions, dozens of educational programs for all ages, school partnerships, events, community projects, and major initiatives. Throughout the year, we engaged approximately 50,000 people in quality art and learning experiences. 576068 174490 In-house education programs include docent-led tours, lectures, artist talks, curator-led gallery talks, internships, art camps and art classes and workshops for children and adults. Outreach programs were also offered which brought original art exhibitions and art education programs to rural Minnesota and North Dakota. 621718 11760 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. 1559762 1 1 0 1 0 0 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 1 39 31 1 160 1 1 1 0 0 0 0 1 1 0 0 0 0 X 16 15 0 0 1 0 1 0 0 1 0 0 0 1 1 1 1 0 1 1 0 0 MN X X Mark Henze 7015516130 704 1st Ave N Fargo ND 58102 Carol Rogne Board Chair 1.00 X X 0 0 0 Brian Hayer Vice Chair 1.00 X X 0 0 0 Mike Almendinger Secretary 1.00 X X 0 0 0 Jessica Hoppe Treasurer 1.00 X X 0 0 0 Zhimin Guan Director 1.00 X 0 0 0 Tom Dawson Director 1.00 X 0 0 0 Jo Burdick Director 1.00 X 0 0 0 Bill Schlossman Director 1.00 X 0 0 0 Meg Spielman-Peldo Director 1.00 X 0 0 0 Dave Hanson Director (thru Dec 2015) 1.00 X 0 0 0 Eileen Scheel Director (thru Dec 2015) 1.00 X 0 0 0 Jeremy Welsand Director 1.00 X 0 0 0 Dr Susan Mathison Director 1.00 X 0 0 0 Cheri Schoenfish Director 1.00 X 0 0 0 Brian Halverson Director 1.00 X 0 0 0 Sam Wai Director 1.00 X 0 0 0 Chris Hawley Director (Began Jan 2016) 1.00 X 0 0 0 Dan Staller Director (Began Jan 2016) 1.00 X 0 0 0 Colleen Sheehy CEO (Thru Oct. 2015) 40.00 X 82815 0 2999 Mark Henze CFO 40.00 X 68203 0 13917 Andy Maus CEO (Began Jan 2016) 40.00 X 0 0 0 151018 0 16916 0 0 0 0 0 100991 24660 521533 57500 647184 Education & Outreach 611710 174490 174490 Admissions 711300 11760 11760 2006 2006 188256 30817 30817 91799 31696 60103 60103 54558 5545 114000 137771 -23771 -23771 -23771 91150 24660 38602 52548 52548 13102261 12425235 677026 677026 525254 425846 99408 132718 -33310 1731571 320974 21248 742165 115197 25437 80813 8947 676039 559100 63789 53150 40773 26157 10244 4372 55711 42307 8904 4500 14520 14520 267038 179530 42429 45079 113182 24722 363 88097 167176 136148 15841 15187 142809 142809 24683 23850 -185 1018 11245 3787 6294 1164 39451 39451 286023 284031 1992 24826 24826 Repairs 27439 27364 75 Hospitality 22757 17048 2875 2834 Dues and Subscriptions 3256 466 2570 220 Art Work Purchased 2729 2729 2034854 1559762 248532 226560 305669 277695 84749 43399 4202 3604 90274 85172 37077 23501 10739817 4501001 6475880 6238816 1880330 1801390 8878181 8473577 234654 218302 386669 361954 1301577 1196726 1922900 1776982 X 4910287 4620171 293 443 2044701 2075981 6955281 6696595 8878181 8473577 -303283 -29903 74500 0 X 0 1 X 1 0 X 2468946 421739 525322 555272 647184 4618463 11454343 12586122 12486285 13043264 13667824 63237838 13923289 13007861 13011607 13598536 14315008 67856301 0 218578 218578 218578 218578 67637723 89107 92031 31585 36509 36362 285594 39931 8173 48104 129038 100204 31585 36509 36362 333698 14052327 13108065 13043192 13635045 14351370 68189999 0.99190 0.98970 0.00490 0.00690 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 1559762 1559762 227988 56997 0 0 215655 230906 230182 227988 904731 1357097 928 928 53914 57727 57546 56997 226184 339276 928 928 X X X X 0 1965079 31280 -37721 114000 1844638 2236869 35797 15413 323000 1965079 1960124 74041 202704 2236869 1521923 443326 165049 170174 1960124 1542760 187787 -10028 198596 1521923 1.00000 0 0 651628 651628 9371113 3965042 5406071 717076 535959 181117 6238816 X 1792540 -29903 74500 -14520 30077 1762463 -30892 -30892 1731571 2051226 30892 30892 2020334 14520 14520 2034854 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 2016 and 2015 were valued at approximately $29,900 and $128,210, respectively. Collection items are recorded at cost if purchased. Part III, Line 4: The Plains Art Museum's collections consist of 4,200 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 $1,844,638 endowment net assets are permanently restricted net assets of $2,075,981, and unrestricted net assets of ($231,343). Part X, Line 2: The Museum is organized as a North Dakota nonprofit corporation and has been recognized by the Internal Revenue Service (IRS) as exempt from federal income taxes under Section 501(a) of the Internal Revenue Code as organizations described in Section 501(c)(3). The Museum is annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. In addition, the Museum is subject to income tax on net income that is derived from business activities that are unrelated to their exempt purposes. The Museum files an Exempt Organization Business Income Tax Return (Form 990-T) with the IRS to report its unrelated business taxable income. 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. The Museum's Form 990-T and other income tax filings required by state and local tax authorities are no longer subject to tax examination for years before 2012. Part XI, Line 2d - Other Adjustments: Investment Management Fees included with Revenue on financials -14,520. Part XI, Line 4b - Other Adjustments: Form 990, Part VIII COGS included with Expenses for financials -30,892. Part XII, Line 2d - Other Adjustments: Form 990, Part VIII COGS included with Expenses for financials 30,892. Part XII, Line 4b - Other Adjustments: Investment Management Fees included with Revenue on financials 14,520. Gala 115810 24660 91150 12888 1200 24514 115810 24660 91150 12888 1200 24514 38602 52548 3947708 3315224 88115 766055 0 0.00000 4279425 3408022 32872 314999 0 0.00000 4875128 4161904 22872 315172 0 0.00000 13102261 10885150 143859 1396226 12425235 677026 ND 1 0 1 0 0.53000 0.47000 James Fogel 704 First Ave North Fargo ND 58102 0 Karen Breiner 52998 Staffing, site management, personnel management, negotiations with vendors, overall fiscal management of gaming operations, lobbying, marketing, advertising, community relations X 0 A Cass County North Dakota 456002205 2005-12-15 2000000 Refund Series 1996 bonds issued October 1, 1996 0 0 0 A 803274 2000000 2000000 2005 1 0 1 1 A 0 0 0 1 0 0 0 0 0 A 0 Date Rebate Computation Performed Issuer Name: Cass County, North Dakota Date the Rebate Computation was Performed: 04/28/2016 Dawson Insurance Board Member Tom Dawson owns Dawson Insurance 23514 Plains Art Museum pays an insurance premium to Tom Dawson's insurance company, Dawson Insurance 0 X 43 0 X Misc Food, Flowers, Sign, Wine 19 86000 Fair Market Value X Furniture 1 46000 Fair Market Value 0 0 1 0 Part I, Line 33: The organization 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 2016 and 2015 were valued at approximately $29,900 and $128,210, respectively. Collection items are recorded at cost if purchased. Form 990, Part VI, Section A, line 4 The Articles of incorporation were amended to give the Board of Directors the authority to elect officers of the Board of Directors. A membership vote is no longer needed. The Board of Directors is also able to amend all or any part of the Organization's Articles of Incorporation without a vote of the membership. 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 11 Management will review a draft copy of the Form 990. It will then be emailed to the Board of Directors before the final copy is filed. 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. This process was last completed in January 2016 when the new CEO was hired. For other officers, an annual performance review is done by the individual's supervisor. For the CFO, 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.