2016-05-13T12:50:47-07:00 2015-06-30 990 2014-07-01 381359510 THE DETROIT INSTITUTE OF ARTS DETR 3138337900 5200 Woodward Avenue Detroit MI 482024008 Robert Bowen Vice President and CFO 3138337900 2016-05-15 2014 2016-08-17 19:52:53Z Salvador Salort-Pons 5200 WOODWARD AVENUE DETROIT MI 48202 632088764 0 X www.dia.org X 1885 MI The DIA creates experiences that help each visitor find personal meaning in art. 48 48 434 688 720 720 40056104 591557603 2087662 4076269 8900216 10571191 975168 630476 52019150 606835539 0 0 0 0 16258227 17513536 134318 125048 3017356 22126954 560794597 38519499 578433181 13499651 28402358 255349033 339563454 26939704 99769093 228409329 239794361 The DIA creates experiences that help each visitor find personal meaning in art. 0 0 542390155 0 0 Art Acquisitions: Acquisitions relate to the acquiring of art by purchase and by gift. Following standard museum accounting practices, the DIA recognizes the entire amount as an expense at the time of purchase or gift. During the fiscal year the DIA obtained full ownership of the art collection which was previously owned by the City of Detroit. On December 10, 2014 the DIA entered into various agreements to effectuate what is referred to as the Grand Bargain Agreement. As a result of the Grand Bargain Agreement the DIA received the Museum and Museum assets to be held in perpetual trust for the primary benefit of the residents of the City and Tri-Counties and citizen of the State of Michigan. The Museum Assets defined in the agreement included the Museum's art collection. The Grand Bargain transaction was accounted for by the DIA as an exchange transaction in accordance with ASC 958-605. The receipt of the art collection resulted in a change in net assets of $535,141,613. In addition to the art received in the Grand Bargain, the DIA purchased 57 pieces totaling $6,132,052 and received 76 gifts of works of art valued at $1,116,490. Each acquisition was accessioned into the DIA's permanent collection. All acquisitions are reviewed by the Collections Committee and approved by the Board of Directors and are paid for using restricted funds designated for the acquisition of art. 9843149 0 1844522 Exhibition, Collection and Information Strategies: Exhibitions, Collections and Information Strategies attend to core functions of the art museum: stewardship of the permanent collections and the means of presenting the collections and exhibitions to visitors of the DIA. Expenses for exhibition projects are funded from restricted funds designated for exhibitions: expenses include organizer's fees, shipping and insurance costs, construction, installation costs, and direct support payroll costs. Nearly all DIA staff participates in some aspect of exhibition work. Learning and Interpretation provides interpretive planning to ensure the visitor's educational experience. Collections management activities include the creation, maintenance, repairs and improvements of the permanent collections galleries and all art movements for loans, conservation and periodic rotations of the collections in the permanent galleries, oversight of art storage, day-to-day monitoring of the collections and location/inventory control. The DIA maintains collections records, administers all incoming and outgoing loans of art, and the accessions of art into the collections and deaccessions from the collections, in compliance with rigorous collections management policies. The DIA creates publication quality photographs of the collection (now digital files), manages photographic records, manages rights and reproduction requests and provides some event photography services. Publication professionals oversee the editing and production of permanent collection gallery and exhibition labels and interpretive media, edit museum ephemera, and produce all museum publications such as collection and exhibition catalogues. Conservators oversee treatment, repair and restoration of the permanent collections, and monitor the physical condition of the collections and the environment in which it is displayed and stored. Conservators also examine all outgoing loans from the collection and all incoming loans for special exhibitions. The Research Library and Archives has been an integral part of the museum since the late 19th century and serves the art historical needs of the museum staff, scholars and students. The collection contains more than 190,000 volumes, 300 periodical titles and 10,000 cubic feet of archival material. The DIA held the following exhibitions during FY 2014-15: Detroit - Bruce Weber, June 20 - September 7, 2014; Ordinary People by Extraordinary Artists: Works on Paper by Degas, Renoir and Friends, September 19, 2014 - March 29, 2015; Monet Guest of Honor, October 1, 2014 - January 4, 2015; Photographs from the Detroit Walk-In Portrait Studio by Corine Vermeulen, November 14, 2014 - May 31, 2015; Rembrandt Guest of Honor, December 19, 2014 - December 13, 2015; Make a Joyful Noise: Renaissance Art and Music at Florence Cathedral, February 6 - May 17, 2015; Diego Rivera and Frida Kahlo in Detroit, March 15 to July 12, 2015; VIPs from the Paul McPharlin Puppetry Collection, March 20 - September 20, 2015; and 78th Annual Detroit Public Schools Student Exhibition, Detroit Public Library - Main Branch, April 18 - May 31, 2015. 5472145 0 309251 Museum and Community Programs: The museum provides a full menu of public programming designed to provide educational opportunities, engage museum visitors of all ages and utilize the museum's position as a regional asset to extend the visitor-centered mission beyond the walls of the museum. Museum programs include the popular Friday Night Live program, bringing an array of local and national musical talent to perform in the museum. Weekend programs for families offer live performances, artist demonstrations and animated films. The DIA also programmed three seasons of the Detroit Film Theatre, the DIA's gallery of motion picture history and cinematic art. Community Partnerships with local non-profit organizations include events with the Detroit City Chess Club, Michigan Student Film Festival, Mosaic Youth Theatre, Arab American National Museum and the Michigan Theatre Foundation. Over the course of the fiscal year DIA programs served the following audiences: Detroit Film Theatre - 47,608 visits; Friday Night Live! - 27,742 visits; Sunday Music Bar - 11,790 visits; Family Sunday Programs 7,000 visits; miscellaneous program visits (artist demonstrations, community partnerships, special performances) - 13,699 visits. The DIA assesses the needs of the community and provides partnership opportunities through broad access, invitation and community engagement strategies. Access programs are designed to seek out underrepresented groups and provide opportunities for engagement and education. Examples of access programs include DIA Away: Think Like an Artist, County Days, College Night as well as Come Wonder Around for senior citizens. Each of these programs is designed to introduce community members to the museum by providing them with an invitation to participate in a tour of the museum and ease of access (transportation). Community relation staff works with departments within the DIA to develop and implement creative, collaborative projects that connect individuals to the DIA. Examples include the DIA's Inside|Out project and DIA Inspired. Inside|Out takes high quality reproductions to the streets and neighborhoods of the communities we serve and gives community members the opportunity to learn about the DIA's collection in their own neighborhood with temporary, walk-able outdoor galleries. To date, the DIA has worked with over 120 cities, townships and villages and has installed over 1,000 reproductions throughout the community. Community groups and the DIA staff work together to host community building events such as tours, talks and bike rides. The project has enabled the museum to develop lasting relationships with residents and community groups throughout the region. DIA Inspired: Diego and Frida was a community engagement project that was developed collaboratively with libraries throughout the region and invited residents to visit the Diego Rivera and Frida Khalo in Detroit exhibition and create very personal pieces of art inspired by what they learned. The DIA supports museum programs and exhibitions through coordinated marketing efforts including paid advertising, online/social media platforms, direct mail, partnerships, email marketing and media relations. The DIA continued promotion of ongoing museum programs such as Friday Night Live, Family Sundays and Black History Month. 3039659 0 22458 Learning and Interpretation: The activities of the Learning and Interpretation department (L&I) help the public find personal meaning in art through visitor-centered interpretive planning and media development for special exhibitions and gallery installations; services for K-12 students and teachers; and gallery tours, art talks and art making both in the museum and off-site for all ages. L&I also trains and coordinates the efforts of more than 100 volunteers who deliver select L&I programs. During the fiscal year, L&I served 216,000 people. In addition, staff led interpretive planning for 3 exhibitions which were attended by more than 200,000 visitors. Exhibitions included texts, videos, hands-on interactives, and visitor response stations, some of which were developed with community input. Services for K-12 students and teachers continued to expand during the fiscal year, with 68,000 students benefiting from DIA field trips. 2,000 teachers participated in workshops and information sessions. The DIA also presented the 78th annual juried Detroit Public Schools Student Exhibition. L&I guided 70,000 visitors on gallery tours and talks. 24,000 people joined drop-in art making workshops in the museum and at art fairs and festivals throughout the metro Detroit region, and another 6,700 took advantage of the Drawing in the Galleries program. DIA teaching artists and tour guides also provided twice-weekly Healing Arts programs for patients at Children's Hospital of Detroit and series visits for clients at the Dingell Veterans Administration Hospital and other community service organizations. The DIA also collaborates with the Michigan Alzheimer's Association on a gallery talk and art making program for people living with the disease and their caregivers. All L&I programs and interpretive plans are based on a learner-centered, constructivist model through which L&I staff and volunteers continually deepen their understanding of visitors in order to facilitate experiences that encourage people to notice more, wonder, reconsider and express ideas. 2521427 0 50040 Curatorial Services: The primary responsibilities of our curatorial staff include: managing the DIA's world-class art collection of over 60,000 objects; conducting research on the museum's collection and producing scholarly publications; proposing art acquisitions; developing art exhibitions; managing permanent galleries by working with our Collections Management staff to install artworks, and consulting with our Conservation Department to regularly assess the conservation needs of the artworks; maintaining collection records in accordance with DIA data and archival standards; and collaborating with the Learning and Interpretation staff to develop and create strategies and materials for exhibitions and permanent gallery projects, as well as conduct training for gallery teachers and docents; and partnering with the museum's auxiliaries to develop programs around our art installations to engage diverse audiences. 1388000 0 1051436 Enterprise activities: The enterprise activities include program services for the parking lot, retail gift shop, café, catering and Crystal Gallery. The revenue generated from enterprise activities of $1,051,436 does not include $1,052,955 of net income from sales of inventory, as shown in Part VIII, Statement of Revenue, line 10c. The expenses include program overhead expenses and an indirect cost allocation from museum operations. 917504 0 0 Capital projects: During the fiscal year the DIA obtained full ownership of the land, building and site improvements which were previously owned by the City of Detroit. On December 10, 2014 the DIA entered into various agreements to effectuate what is referred to as the Grand Bargain Agreement. As a result of the Grand Bargain Agreement the DIA received the Museum and Museum assets free and clear of all security interest, liens, encumbrances, claims and interest of the City of Detroit and its creditors. The Museum Assets defined in the agreement included the Museum's land, building and improvements. Per Accounting Standards the recorded value of the land, building and site improvements received in the Grand Bargain totaled $16,702,906. These items along with capital projects that were completed after the signing of the Grand Bargain have been capitalized and are being depreciated according to generally accepted accounting principles. Capital projects are those projects that typically increase the longevity of the facility and the preservation of the art collection. Capital projects are reviewed by the Building Committee of the Board of Directors. Over the course of the fiscal year, the DIA completed various capital projects including security and technology upgrades, and major improvements to the museum parking lot, the auditorium, the plaza, and the historic 1928 building. 841440 0 634146 General Admissions: Residents of Wayne, Oakland, and Macomb Counties receive free unlimited general museum admission in accordance with the passage of the County Art Institute Authority millage. For others, the museum requires a modest general admission of $8 per adult, $6 per senior, $4 per youth (ages 6-17) and $5 per college student. General admission is free for children age five and under. Admission for members continues to be free. Visitors to the museum have the opportunity to view the permanent collection in the galleries, participate without additional charge in many diverse activities including lectures, musical performances, drop-in workshops, docent-led and self-guided tours. A limited number of exhibitions require an entry fee that includes general admission to the museum. Members receive an allotment of exhibition tickets as part of their membership benefits. 815380 0 140794 Support Groups and Auxiliary: The DIA has 11 auxiliaries and support groups. Each group offers its members exciting opportunities to explore common interests, develop new tastes, make new friends, learn about collecting and become personally involved in the life and support of the museum. Open exclusively to DIA members, auxiliaries offer behind the scenes experiences, private viewings of galleries and special exhibitions and extraordinary trips. Auxiliaries are also involved in fund raising for special museum projects and the acquisition of art for the DIA's world renowned collection. 467184 0 5596 Group Reservations: Group Reservations schedules guided tours and self-guided tours to adult groups and school groups. The DIA offers a direct phone line or website for booking reservations. Groups are reserved and guaranteed in advance of their arrival. Each group arrival is personally welcomed to the DIA to ensure visitor satisfaction. A customer service satisfaction survey is sent to every group planner to gauge satisfaction levels. . A very strong focus is placed on increasing the group attendance in Special Exhibitions and General Admission. Group Reservations hosts DIA Familiarization Tours for local community leaders in market specific areas. Group Reservations actively participates in Community Outreach. 123717 0 18026 Volunteer programming: The DIA Volunteer Council supports museum visitors, staff and other auxiliary support groups. Volunteers work front line, outreach and behind the scenes. In all, 688 DIA Volunteers donated 67,720 hours of service during the fiscal year, which was their 53rd year of service to the DIA. 10114311 0 1922496 567819760 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 0 1 183 0 1 434 1 0 0 0 0 0 1 1 0 0 0 0 X 48 48 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MI X X The Detroit Institute of Arts 3138337900 5200 Woodward Ave Detroit MI 482024008 Eugene A Gargaro Jr Chairman 20 0 X 0 0 0 James B Jacobs Vice Chair 3 0 X 0 0 0 Reginald Turner Jr Vice Chair 3 0 X 0 0 0 Andrea Dickson Secretary 3 0 X 0 0 0 Charles Becker Board Member 2 0 X 0 0 0 Stephen Biegun Board Member 2 0 X 0 0 0 Lindsey Ford Buhl Board Member 2 0 X 0 0 0 Howard W Burdett Jr Board Member 3 0 X 0 0 0 Mark A Davidoff Board Member 2 0 X 0 0 0 Ethan Davidson Board Member 2 0 X 0 0 0 Amy DeBrunner Board Member 2 0 X 0 0 0 Lillian Demas Board Member 3 0 X 0 0 0 Marla Donovan Board Member 3 0 X 0 0 0 Mark A Douglas Board Member 2 0 X 0 0 0 Nicole E Eisenberg Board Member 2 0 X 0 0 0 Jennifer Fischer Board Member 1 0 X 0 0 0 Nathan Forbes Board Member 2 0 X 0 0 0 Eleanor B Ford Board Member 2 0 X 0 0 0 Lawrence Garcia Board Member 1 0 X 0 0 0 Dr Antoine Garibaldi Board Member 2 0 X 0 0 0 Jennifer Gilbert Board Member 2 0 X 0 0 0 Mary Ann Gorlin Board Member 2 0 X 0 0 0 Thomas Guastello Board Member 2 0 X 0 0 0 John Hantz Board Member 2 0 X 0 0 0 Robert Jacobs Board Member 2 0 X 0 0 0 Chacona Johnson Board Member 2 0 X 0 0 0 Mary Kramer Board Member 3 0 X 0 0 0 Bonnie Larson Board Member 2 0 X 0 0 0 Hubert Massey Board Member 2 0 X 0 0 0 Victoria McInnis Board Member 2 0 X 0 0 0 Dr Ali Moiin Board Member 2 0 X 0 0 0 Reuben A Munday Board Member 1 0 X 0 0 0 Juliette Okotie-Eboh Board Member 2 0 X 0 0 0 Peter B Oleksiak Board Member 3 0 X 0 0 0 Linda Orlans Board Member 2 0 X 0 0 0 Jennifer Hudson Parke Board Member 2 0 X 0 0 0 Alex Parrish Board Member 2 0 X 0 0 0 Cynthia J Pasky Board Member 2 0 X 0 0 0 Dr Irvin Reid Board Member 2 0 X 0 0 0 Donald Ritzenhein Board Member 3 0 X 0 0 0 Marc Schwartz Board Member 3 0 X 0 0 0 Sandra Seligman Board Member 2 0 X 0 0 0 Buzz Thomas Board Member 2 0 X 0 0 0 Dr Lorna Thomas Board Member 1 0 X 0 0 0 Molly Valade Board Member 2 0 X 0 0 0 Rhonda C Welburn Board Member 2 0 X 0 0 0 Henry Wineman III Board Member 2 0 X 0 0 0 Mark Zeffiro Board Member 3 0 X 0 0 0 Graham W J Beal Director, President and CEO 40 0 X 448840 0 27291 Annmarie Erickson Executive Vice President and COO 40 0 X 290001 0 35033 Robert Bowen Vice President, CFO and Treasurer 40 0 X 184687 0 10583 Margaret Falcon Vice President, Development 40 0 X 183522 0 16728 Elliott Broom Vice President of Museum Operations 40 0 X 148196 0 17665 Nii Quarcoopome Co-Chief Curator and Department Head of AOIA 40 0 X 127009 0 25906 Jennifer Czajkowski Learning and Interpretation 40 0 X 118448 0 8588 Sondra Jenkins ODHR 40 0 X 117461 0 15970 1618164 0 157764 11 0 1 0 Sodexo Inc and Affiliates 4880 Paysphere Circle Chicago IL 60674 Management of Food Services 1531440 Honigman Miller Schwartz and Cohn 2290 First National Building Detroit MI 48226 Legal Services 1123292 Shaw Electric Company 22100 Telegraph Rd Southfield MI 48033 Contractor 1084974 Stoneridge Construction 21840 Wyoming Place Oak Park MI 48237 Construction 750568 Cravath Swaine Moore LLP Worldwide Plaza 825 Eighth Avenue New York NY 100197475 Legal Services 341276 23 0 4274950 1610942 0 22656804 563014907 1179050 591557603 Exhibition, Collections and Information Strategies 712110 1844522 1844522 0 0 Enterprise Activities 900099 1051436 521176 0 530260 General Admissions 712110 634146 634146 0 0 Museum and Community Programs 712110 309251 309251 0 0 Support Groups and Auxiliaries 712110 140794 140794 0 0 96120 96120 0 0 4076269 7478993 0 720 7478273 0 0 0 0 0 0 0 0 89555 0 0 0 89555 0 89555 89555 0 0 26562792 0 23470594 0 3092198 0 3092198 0 0 3092198 289365 1610942 815516 -526151 0 -526151 0 0 0 0 0 0 2020070 967115 1052955 1052955 0 0 14117 14117 0 0 14117 606835539 4702636 720 10574580 0 0 0 0 0 0 0 0 1352471 0 1352471 0 0 0 0 0 12755997 10235481 1253923 1266593 613998 450421 107839 55738 1813351 1330252 318487 164612 977719 717243 171721 88755 0 0 0 0 1493232 0 1493232 0 240446 0 240446 0 8919 0 8919 0 125048 125048 1083104 0 1083104 0 2423467 1935614 412973 74880 2312323 2169543 6473 136307 1626880 916958 228770 481152 560308 201541 303805 54962 0 0 0 0 124800 124800 0 0 363651 326524 19876 17251 0 0 0 0 18789 1323 17466 0 0 0 0 0 0 0 0 0 582197 364741 217456 0 576397 414246 162151 0 Art Acquisitions 542390155 542390155 0 0 Utilities 1916837 1916837 0 0 Equipment and Facilities Maintenance 1194562 1095297 98705 560 Capital Expenditures 917503 917503 0 0 2961027 2311281 98248 551498 578433181 567819760 7596065 3017356 0 0 36068787 49727218 5945911 55607808 1821640 1673586 155832 0 0 0 291238 405568 400417 845948 20659717 2494086 443410 18165631 0 210221798 213137695 255349033 339563454 4234726 2399266 11902318 11906164 71618996 10802660 13844667 26939704 99769093 X 97427333 41530116 72520961 133973211 58461035 64291034 228409329 239794361 255349033 339563454 X 28402358 -12793753 0 0 0 -4223573 X 0 1 X 1 0 X 33911940 25211759 27241461 17852569 35211798 139429527 0 0 10929381 22203535 22456004 55588920 0 0 0 0 0 0 33911940 25211759 38170842 40056104 57667802 195018447 24476770 170541677 3972322 4217893 5294164 5902381 7478993 26865753 0 0 0 0 0 0 0 0 0 0 0 0 221884200 17906116 0.76861 0.69832 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 8919 8919 578424262 578433181 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 786782 932000 41416 8919 1769117 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 0 0 X X X X 1 172109607 4799631 -2885549 0 3084630 0 170939059 152192545 2475140 20408512 0 2966590 0 172109607 138627372 7896223 12078600 0 6409650 0 152192545 132293179 7241693 4784546 0 5692046 0 138627372 118925070 645855 12361620 0 -360634 0 132293179 0.43 0.38 0.19 1 0 0 1016699 1016699 0 15551863 207021 15344842 0 134344 7153 127191 0 947732 635989 311743 0 3009079 1643923 1365156 18165631 Stocks, bonds, mutual funds, alternative investments 213137695 F 213137695 UNFUNDED PENSION PLAN OBLIGATION 7573251 POST RETIREMENT HEALTHCARE OBLIGATION 3880924 ACCRUED PAYROLL AND OTHER EMPLOYEE BENEFITS 2390492 13844667 X 594692571 -12793753 1067748 0 1782631 -9943374 604635945 1083104 1116490 2199594 606835539 579083966 1067748 0 0 1782631 2850379 576233587 1083104 1116490 2199594 578433181 Schedule D, Part III, Line 1 In conformity with allowable museum financial statement presentation practice, the value of the art collection is excluded from the statements of financial position, and, as such, purchases for the collection are recorded as expenditures for the acquisition of art objects on the statement of activities in the year in which the objects are acquired. Such art is accessioned to the permanent collection of the museum upon approval of the Board. Schedule D, Part III, Line 4 The works of art are held in charitable trust for educational, research and curatorial services. Schedule D, Part V, Line 4 Income earned on endowment funds is used to further the mission of the DIA including funding for a variety of activities which are both restricted and unrestricted. These activities include, but are not limited to, operations, staff positions, art acquisitions, etc. Schedule D, Part X, Line 2 ASC 740-10, Income Taxes, clarifies the accounting for uncertainty in income tax positions recognized in financial statements. This guidance requires that realization of an uncertain tax position must be "more likely than not" before it can be recognized in the financial statements. The DIA completed an analysis of its tax positions and determined that no amounts were required to be recognized in the financial statements at June 30, 2015. The DIA does not expect an increase or decrease in unrecognized tax benefits within the next 12 months. Schedule D, Part XI, Line 2d Expense of special events and activities $815,516 and Cost of Goods Sold $967,115 Schedule D, Part XI, Line 4b Gifts of works of art $1,116,490 Schedule D, Part XII, Line 2d Expense of special events and activities $815,516 and Cost of Goods Sold $967,115 Schedule D, Part XII, Line 4b Gifts of works of art $1,116,490 X X X X X X X 1 Ruffalo Cody PO Box 3048 Cedar Rapids IA 52406 Membership renewal calling 0 168664 53214 115450 Falcon Fundraising Inc 1690 Watertower Place Suite 400A Lansing MI 48823 Annual Fund and lapsed Member calling 0 11776 20108 -8332 Remington Group 21820 Dover Court Beverly Hills MI 48025 Professional fundraising consultant. 0 0 48000 -48000 180440 121322 59118 MI Gala Grand Night Art 1164820 1069577 95243 0 0 1742 96936 5195 272381 Fash Bash 377594 298029 79565 0 0 83848 82739 0 65649 7 357893 243336 114557 0 0 36593 101650 1400 67383 1900307 1610942 289365 0 0 122183 281325 6595 405413 815516 -526151 X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Graham W J Beal Director, President and CEO 425151 0 0 0 23689 0 0 0 27291 0 476131 0 0 0 Annmarie Erickson Executive Vice President and COO 289433 0 0 0 568 0 0 0 35033 0 325034 0 0 0 Robert Bowen Vice President, CFO and Treasurer 183782 0 0 0 905 0 0 0 10583 0 195270 0 0 0 Margaret Falcon Vice President, Development 181781 0 0 0 1741 0 0 0 16728 0 200250 0 0 0 Elliott Broom Vice President of Museum Operations 148008 0 0 0 188 0 0 0 17665 0 165861 0 0 0 Nii Quarcoopome Co-Chief Curator and Department Head of AOIA 126657 0 0 0 352 0 0 0 25906 0 152915 0 0 0 Schedule J, Part I, Line 1a As Director for the museum, Graham W J Beal attends fundraising and other professional events in which his spouse participates for the benefit of the organization. In such cases, spousal travel is paid for by the organization. The Director received a paid membership to three business clubs, where he connects with supporters of the organization, the arts and other community, political and business leaders of importance to the organization. Alex Parrish HMSC Partner Serves on DIA Board of Directors 1123293 Payment to HMSC for legal services 0 Peter Oleksiak DTE CFO Sr VP Financ Serves on DIA Board of Directors 1290465 Payment to DTE for utilites 0 X 76 1116490 Donor stated value X 15520 Donor stated value X Inkind Gift NAIAS 1 45000 Donor stated value X Inkind gift for hospitality 8 16019 Donor stated value X Inkind furniture for event 2 13453 Donor stated value X Printing 2 794 Donor stated value 8 0 1 1 Schedule M, Part I, Line 32b The DIA uses auction houses (primarily Sotheby's and Christie's) to sell gifts of works of art not accepted into the collection. Form 990, Part VI, Section B, Line 11b The process used by the DIA to review the Form 990 with its governing body is as follows: 1 - The initial draft is completed by a Senior Accountant, detail reviewed by Controller and then reviewed with the Director of Accounting and CFO. 2 - An in depth review is scheduled with the DIA Executive Vice President and COO and the Museum Director and CEO. 3 - After completing staff reviews, a comprehensive review is scheduled with a Board of Directors subcommittee consisting of the Board Chair, the Finance Committee Chair, the Audit Committee Chair and the Governance and Nominating Committee Chair. 4 - After completion of the Board subcommittee review, the Form 990 is made available to all Board Members in advance of efiling. Form 990, Part VI, Section B, Line 12c The DIA's conflict of interest policy is provided to all staff upon joining the DIA. This policy is part of the DIA Professional Practices Guidelines. All staff members are required to sign they have read, understood and agree to abide by the guidelines. The conflict of interest policy is further reinforced in the DIA Purchasing Policy and Procedure Manual. Both documents are available online and are distributed to staff any time updates or changes are made. DIA Board Members provide an annual update of relationships and affiliations which are reviewed to determine potential conflicts of interest. As part of the annual audit, a thorough review of staff and Board affiliations and transactions is conducted to ensure all are in compliance with DIA policy. Form 990, Part VI, Section B, Line 15 The compensation of the DIA's Director/CEO and of the DIA's Executive Vice President/COO is determined annually by the Compensation Committee of the DIA's Board of Directors, in accordance with all applicable employment agreement terms and conditions. Among other factors, the Compensation Committee considers comparability data provided by the Association of Art Museum Directors annual salary survey, local market conditions, and executive performance. Any deviation from terms contained in any applicable employment contract must be mutually agreed to by the DIA and the impacted employee. Form 990, Part VI, Section C, Line 19 The audited financial statements and Form 990 are posted to the institution's website. Governing documents and conflicts of interest are made available upon request by the public. Form 990, Part XI, Line 9 Increase in unfunded pension plan obligation of ($3,890,847) and change in post retirement healthcare obligation ($332,726) FSDIA Acquisition Co 5200 Woodward Avenue Detroit MI 48202 383416266 Investment company MI The Detroit Institute of Arts C -96341 1000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0