2016-07-15T13:45:32-05:00 2015-08-31 390758449 WIPFLI LLP 10000 INNOVATION DRIVE SUITE 250 MILWAUKEE WI 532264837 990 2014-09-01 390806316 MILWAUKEE ART MUSEUM INC MILW 4142243200 700 N ART MUSEUM DRIVE MILWAUKEE WI 53202 JANE WOCHOS CFO 4142243200 2016-07-15 1 STEPHANIE HAMILTON CPA P01233633 4144319300 2016-07-15 2014 2016-12-15 16:53:06Z JANE WOCHOS 700 N ART MUSEUM DRIVE MILWAUKEE WI 53202 84138961 0 X WWW.MAM.ORG X 1910 WI THE MILWAUKEE ART MUSEUM COLLECTS AND PRESERVES ART, PRESENTING IT TO THE COMMUNITY AS A VITAL SOURCE OF INSPIRATION AND EDUCATION. 46 46 404 197 -256093 -385826 22899259 14794584 2761425 2235970 2798066 3524127 790893 692583 29249643 21247264 0 0 0 0 6979728 6941398 134496 125663 1326312 9631619 10591396 16745843 17658457 12503800 3588807 147563835 148638411 2036831 3326041 145527004 145312370 X THE MILWAUKEE ART MUSEUM COLLECTS AND PRESERVES ART, PRESENTING IT TO THE COMMUNITY AS A VITAL SOURCE OF INSPIRATION AND EDUCATION.THE VALUE OF THE ART OBJECTS IN THE PERMANENT COLLECTION IS EXCLUDED FROM THE STATEMENTS OF FINANCIAL POSITION. AN ADDITION OF A WORK OF ART TO THE PERMANENT COLLECTION IS MADE EITHER BY DONATION FROM A BENEFACTOR OR THROUGH A PURCHASE FROM ART MUSEUM ACQUISITION FUNDS. ART MUSEUM FUNDS DESIGNATED FOR ACQUISITIONS MAY BE CLASSIFIED AS PERMANENTLY RESTRICTED, FOR WHICH ONLY THE INCOME EARNED ON THE PRINCIPAL BALANCES MAY BE USED FOR ACQUISITIONS; TEMPORARILY RESTRICTED, FOR WHICH BOTH THE PRINCIPAL AND EARNED INCOME MAY BE USED FOR ACQUISITIONS; OR UNRESTRICTED, REPRESENTING FUNDS DESIGNATED BY THE BOARD TO BE USED FOR ACQUISITIONS. PROCEEDS FROM DEACCESSIONS OF COLLECTION ITEMS ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. 0 0 3506575 0 297215 PRESENTATION AND CURATORIAL: SPECIAL EXHIBITS DURING 14-15 INCLUDED OF HEAVEN AND EARTH: 500 YEARS OF ITALIAN PAINTING FROM GLASGOW MUSEUMS; INSPIRING BEAUTY: 50 YEARS OF EBONY FASHION FAIR; POSTCARDS FROM AMERICA: MILWAUKEE; ILLUSIONS: NEAR AND FAR; AND THE ANNUAL SCHOLASTIC EXHIBITION. 1127716 0 283914 EDUCATION: WE SERVED A TOTAL OF 233,757 PEOPLE IN EDUCATION PROGRAMS IN FISCAL YEAR 2014/2015. WE MAKE THE MUSEUM A GATHERING PLACE FOR ALL AGES TO EXPERIENCE THE ARTS. ADULT EDUCATION PROGRAMS ENHANCE GALLERY INTERPRETATION STRATEGIES, EXPAND EDUCATIONAL PROGRAMS IN THE GALLERIES TO ANIMATE THE ART AND ENCOURAGE DEEPER CONNECTIONS BETWEEN VISITORS AND THE ART. PROGRAMS INCLUDE MAM AFTER DARK, GALLERY TALKS, LECTURES, SYMPOSIUM. SCHOOL EDUCATION PROGRAMS ALIGN OUR PROGRAMS WITH FEDERAL, STATE, AND LOCAL EDUCATION AGENDAS TO SERVE SCHOOL CHILDREN THROUGH SCHOOL TOUR PROGRAMS FROM OVER 478 SCHOOLS. PROGRAMS INCLUDE THE JR. DOCENT PROGRAM, OUR HIGH SCHOOL PROGRAM AND COLLABORATIONS WITH GROUPS SUCH AS THE SYMPHONY. YOUTH PROGRAMS ENGAGE YOUNG CHILDREN EARLY AND OFTEN BY PROVIDING BETTER ON-SITE PROVISIONS, PROGRAMS, AND INFRASTRUCTURE FOR FAMILIES. 2186301 0 1090583 AUDIENCE MEMBER AND VOLUNTEER DEVELOPMENT: ADMISSIONS AND TOURS FOR FISCAL 2015 TOTALED 292,418. APPROXIMATELY 197 VOLUNTEERS ASSISTED IN MANY ACTIVITIES. 6760891 0 1234932 ACQUISITION OF ART: ACCESSION OF ART FOR THE MUSEUM'S PERMANENT COLLECTION. THE ART MUSEUM'S COLLECTION COMPRISES MORE THAN 29,000 WORKS OF ART 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. 6760891 0 1234932 13581483 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 204 0 1 404 1 1 1 0 0 0 0 1 1 0 0 0 0 X 46 46 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WI X X JANE WOCHOS 4142243881 700 N ART MUSEUM DRIVE MILWAUKEE WI 53202 DEBORAH ATTANASIO TRUSTEE 1.00 X 0 0 0 BEVIN BAILIS TRUSTEE 1.00 X 0 0 0 DONALD W BAUMGARTNER TRUSTEE 1.00 X 0 0 0 WENDY W BLUEMENTHAL TRUSTEE 1.00 X 0 0 0 RANDY BRYANT TRUSTEE 1.00 X 0 0 0 RICHARD BUCHBAND TRUSTEE 1.00 X 0 0 0 ANGELA JOHNSON COLBERT TRUSTEE 1.00 X 0 0 0 STEPHEN EINHORN TRUSTEE 1.00 X 0 0 0 PHILIP B FLYNN TRUSTEE 1.00 X 0 0 0 ALEXANDER P FRASER TRUSTEE 1.00 X 0 0 0 CARMEN HABERMAN TRUSTEE 1.00 X 0 0 0 CLAIRE H HACKMANN TRUSTEE 1.00 X 0 0 0 CHARLES HARVEY TRUSTEE 1.00 X 0 0 0 RONALD JOELSON TRUSTEE 1.00 X 0 0 0 W DAVID KNOX II TRUSTEE 1.00 X 0 0 0 ALEX C KRAMER TRUSTEE 1.00 X 0 0 0 ANTHONY S KRAUSEN MD TRUSTEE 1.00 X 0 0 0 JOAN LUBAR TRUSTEE 1.00 X 0 0 0 WAYNE R LUEDERS TRUSTEE 1.00 X 0 0 0 P MICHAEL MAHONEY TRUSTEE 1.00 X 0 0 0 JUSTIN L MORTARA PHD TRUSTEE 1.00 X 0 0 0 JOANNE MURPHY TRUSTEE 1.00 X 0 0 0 ANDY NUNEMAKER TRUSTEE 1.00 X 0 0 0 ANTHONY J PETULLO TRUSTEE 1.00 X 0 0 0 JOEL QUADRACCI TRUSTEE 1.00 X 0 0 0 SANDE ROBINSON TRUSTEE 1.00 X 0 0 0 SUZANNE L SELIG TRUSTEE 1.00 X 0 0 0 ROGER S SMITH TRUSTEE 1.00 X 0 0 0 JUDSON M SNYDER TRUSTEE 1.00 X 0 0 0 MARY M STROHMAIER TRUSTEE 1.00 X 0 0 0 CHRISTINE SYMCHYCH TRUSTEE 1.00 X 0 0 0 W KENT VELDE TRUSTEE 1.00 X 0 0 0 FREDERICK VOGEL IV TRUSTEE 1.00 X 0 0 0 TODD R WILLIAMS TRUSTEE 1.00 X 0 0 0 JEFFERY W YABUKI TRUSTEE 1.00 X 0 0 0 KATHLEEN SAITO YUILLE TRUSTEE 1.00 X 0 0 0 SHELDON B LUBAR TRUSTEE 1.00 X 0 0 0 PATRICIA JURSIK TRUSTEE 1.00 X 0 0 0 MARTIN WEDDLE TRUSTEE 1.00 X 0 0 0 KIM MUENCH TRUSTEE 1.00 X 0 0 0 MARY BASSON TRUSTEE 1.00 X 0 0 0 KENNETH C KREI CHAIRMAN OF THE BOARD 1.00 X X 0 0 0 DONALD W LAYDEN JR PRESIDENT 1.00 X X 0 0 0 GAIL A LIONE SECRETARY 1.00 X X 0 0 0 R BRUCE MCDONALD TREASURER 1.00 X X 0 0 0 FREDERIC G FRIEDMAN ASST. SECRETARY & LEGAL COUNSEL 1.00 X X 0 0 0 DANIEL KEEGAN DIRECTOR 40.00 X 292408 0 17098 JANE WOCHOS CFO 40.00 X 114036 0 8141 MARY ALBRECHT SENIOR DIRECTOR OF DEVELOPMENT 40.00 X 134088 0 3266 BRADY ROBERTS CHIEF CURATOR 40.00 X 146727 0 8844 VICKI SCHARFBERG SENIOR DIRECTOR OF MARKETING 40.00 X 112684 0 8061 799943 0 45410 11 0 1 0 HUNZINGER CONSTRUCTION COMPANY 21100 ENTERPRISE AVE BROOKFIELD WI 53045 CONSTRUCTION 7933708 OWNER DIRECT LLC 21100 ENTERPRISE AVE BROOKFIELD WI 53045 CONSTRUCTION 3554265 HGA PO BOX 86 MINNEAPOLIS MN 554861861 CONSTRUCTION 873236 ALBRIGHT-KNOX ART GALLERY PO BOX 8000 BUFFALO NY 14267 GALLERY SERVICES 294012 PIEPER ELECTRIC INC 5070 NORTH 35TH STREET MILWAUKEE WI 53209 ELECTRIC SERVICES 276852 5 1054268 574017 1100000 12066299 1720341 14794584 ADMISSIONS/TOURS 900099 1376296 1090583 285713 EXHIBITION INCOME 900099 297215 297215 SPECIAL EVENTS EXHIBITION RELATED 900099 152242 152242 CLASS FEES 900099 131672 131672 278545 278545 2235970 240400 240400 415162 867447 -452285 -452285 -452285 62456673 59172946 3283727 3283727 3283727 706798 574017 714509 -7711 -7711 3035754 2136795 898959 903392 -4433 COMMERICAL PHOTO 900099 51950 51950 PARKING 900099 18388 18388 CATERING 900099 555 555 182727 52995 129732 253620 21247264 2906644 -256093 3802129 347454 347454 5285123 4157021 601455 526647 48202 32808 9012 6382 782728 585269 150364 47095 477891 382142 57703 38046 41149 41149 24900 24900 125663 125663 145415 145415 298377 118728 179649 897681 886454 11227 1258696 1162158 83764 12774 310004 310004 833483 783483 50000 49055 32698 15784 573 2824271 2249882 574389 171815 70797 101018 PURCHASES OF ART 1431246 1431246 EXHIBITION EXPENSES 1209201 1209201 EDUCATION PROGRAM EXPEN 194651 178875 15776 COLLECTION MAINT/FRAMIN 162617 162617 738835 138104 58602 542129 17658457 13581483 2750662 1326312 5001075 6823139 11163603 8508202 197303 111648 450635 385256 883348 422457 134011807 44566957 78170814 89444850 43532281 36240466 7736103 6293316 428673 409077 147563835 148638411 1381448 2297171 655383 1028870 2036831 3326041 X 85221029 97033838 35924832 23215095 24381143 25063437 145527004 145312370 147563835 148638411 X 3588807 -3173566 -569147 -60728 X X 0 1 X 1 0 X 9641824 8341614 10912522 22899084 14794584 66589628 595000 626668 655336 55250 1932254 10236824 8968282 11567858 22954334 14794584 68521882 2808127 65713755 821120 752936 1014314 1452221 655562 4696153 73218035 24630881 0.89750 0.84440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 38829959 460563 94515 3275679 36109358 35272154 875569 4890746 2208510 38829959 32334439 927808 3106578 1096671 35272154 30268902 432877 2987454 1354794 32334439 27741129 647969 3462019 1582215 30268902 0.03660 0.69410 0.26930 1 0 95568175 27206003 68362172 17070423 12867093 4203330 4996695 4493861 502834 16376514 16376514 89444850 20521624 -3173566 27900 2565441 -580225 21101849 145415 145415 21247264 20167111 27900 2626169 2654069 17513042 145415 145415 17658457 PART III, LINE 1A: THE ART MUSEUM'S COLLECTION COMPRISES MORE THAN 29,000 WORKS OF ART 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. THE VALUE OF THE ART OBJECTS IN THE PERMANENT COLLECTION IS EXCLUDED FROM THE STATEMENTS OF FINANCIAL POSITION. AN ADDITION OF A WORK OF ART TO THE PERMANENT COLLECTION IS MADE EITHER BY DONATION FROM A BENEFACTOR OR THROUGH A PURCHASE FROM ART MUSEUM ACQUISITION FUNDS. ART MUSEUM FUNDS DESIGNATED FOR ACQUISITIONS MAY BE CLASSIFIED AS PERMANENTLY RESTRICTED, FOR WHICH ONLY THE INCOME EARNED ON THE PRINCIPAL BALANCES MAY BE USED FOR ACQUISITIONS; TEMPORARILY RESTRICTED, FOR WHICH BOTH THE PRINCIPAL AND EARNED INCOME MAY BE USED FOR ACQUISITIONS; OR UNRESTRICTED, REPRESENTING FUNDS DESIGNATED BY THE BOARD TO BE USED FOR ACQUISITIONS. PROCEEDS FROM DEACCESSIONS OF COLLECTION ITEMS ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. PART III, LINE 4: THE ART MUSEUM'S COLLECTION COMPRISES MORE THAN 29,000 WORKS OF ART THAT ARE HELD FOR PUBIC EXHIBITION, EDUCATION, OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE. THE COLLECTION DIRECTLY FULFILLS THE ORGANIZATION'S EXEMPT PURPOSE OF COLLECTING AND PRESERVING ART AND PRESENTING IT TO THE COMMUNITY AS A VITAL SOURCE OF INSPIRATION AND EDUCATION. PART V, LINE 4: THE ART MUSEUM'S ENDOWMENTS CONSIST OF VARIOUS FUNDS ESTABLISHED TO BENEFIT THE ART MUSEUM FOR A VARIETY OF PURPOSES. THE ART MUSEUM'S ENDOWMENTS INCLUDE BOTH DONOR-RESTRICTED ENDOWMENTS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS AN ENDOWMENT. NET ASSETS ASSOCIATED WITH THE ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR IMPOSED RESTRICTIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CAFE EXPENSE 892,686. RENTAL EXPENSE 867,447. FRIENDS OF ART DONATION TRANSFER 151,527. SPECIAL EVENT EXPENSE 714,509. CHANGE IS ASSETS HELD IN TRUST -16,859. CHANGE IN PRESENT VALUE DISCOUNT -43,869. PART XII, LINE 2D - OTHER ADJUSTMENTS: CAFE EXPENSE 892,686. RENTAL EXPENSE 867,447. FRIENDS OF ART DONATION TRANSFER 151,527. SPECIAL EVENT EXPENSE 714,509. X X X X X X 1 SPONSORSHIP PLACEMENT 2002 200TH AVE UNION GROVE WI 53182 DEVELOPMENT CONSULTANT/ONSITE STAFF 0 0 125663 -125663 125663 -125663 WI LAKEFRONT FESTIVAL OF ARTS 309318 118500 190818 8837 120502 37865 12316 222098 BAL DU LAC/OTHER FOA 377155 316735 60420 129514 2 594342 138782 455560 183377 1280815 574017 706798 8837 120502 37865 12316 534989 714509 -7711 X X X X 0 0 0 0 0 0 0 0 0 DANIEL KEEGAN DIRECTOR 292408 0 0 0 0 0 5200 0 11898 0 309506 0 0 0 BRADY ROBERTS CHIEF CURATOR 146727 0 0 0 0 0 2970 0 5874 0 155571 0 0 0 X 30 0 X 33 1720341 FAIR MARKET VALUE 0 1 0 PART I, LINE 33: A ZERO AMOUNT WAS REPORTED ON FORM 990, PART VIII, LINE 1G, BECAUSE THE MUSEUM DID NOT NOT CAPITALIZE ITS COLLECTIONS, AS ALLOWED UNDER SFAS 116. FORM 990, PART VI, SECTION A, LINE 2 TRUSTEES JOAN LUBAR AND MARIANNE LUBAR AND SHELDON LUBAR HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION SHALL HAVE MULTIPLE CLASSES OF MEMBERS WHICH SHALL BE COMPRISED OF THOSE WHO CONTRIBUTE FINANCIAL SUPPORT TO THE CORPORATION, WITH THE BENEFITS OF EACH LEVEL OF MEMBERSHIP DETERMINED ACCORDING TO THE GUIDELINES ESTABLISHED BY THE BOARD OF TRUSTEES. EACH MEMBER SHALL BE ENTITLED TO ONE VOTE FOR THE PURPOSE OF ELECTING THE BOARD OF TRUSTEES. MEMBERS SHALL ALSO BE ENTITLED TO THE SPECIFIC BENEFITS DESIGNATED FOR THEIR GIVEN LEVEL OF CONTRIBUTION TO THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER SHALL BE ENTITLED TO ONE VOTE FOR THE PURPOSE OF ELECTING THE BOARD OF TRUSTEES. MEMBERS SHALL ALSO BE ENTITLED TO THE SPECIFIC BENEFITS DESIGNATED FOR THEIR GIVEN LEVEL OF CONTRIBUTION TO THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS REVIEWED BY THE CFO, AUDIT COMMITTEE, FINANCE COMMITTEE AND THE BOARD PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS MUST IMMEDIATELY DISCLOSE TO THE BOARD OF DIRECTORS THE EXISTENCE OF ANY POTENTIAL CONFLICT OF INTEREST THAT IS EXPECTED TO RESULT IN AN ECONOMIC BENEFIT TO A DISQUALIFIED PERSON. AFTER DISCLOSURE OF THE CONFLICT OF INTEREST, THE DISQUALIFIED PERSON, IF PRESENT, SHALL LEAVE THE BOARD MEETING WHILE THE CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD MEMBERS WHO DO NOT HAVE A CONFLICT OF INTEREST SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. THE CHAIR OF THE BOARD SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED MEMBER, OR A COMMITTEE COMPRISED OF MEMBERS WHO DO NOT HAVE A CONFLICT OF INTEREST TO EVALUATE THE PROPOSED TRANSACTION OR ARRANGEMENT USING APPROPRIATE DATA. FORM 990, PART VI, SECTION B, LINE 15 THE FOLLOWING POLICY APPLIES TO THE DIRECTOR AS WELL AS ALL MEMBERS OF THE SENIOR MANAGEMENT TEAM: THE COMPENSATION OF EACH SENIOR STAFF MEMBER WILL BE ESTABLISHED BY THE HUMAN RESOURCES COMMITTEE IN ADVANCE. IF ANY COMMITTEE MEMBERS ARE EMPLOYEES OF THE ORGANIZATION, THEY MAY PROVIDE INPUT TO THE BOARD, BUT WILL NOT PARTICIPATE IN THE DISCUSSION OR DECISION MAKING BY THE COMMITTEE. THE HUMAN RESOURCE COMMITTEE WILL MEET AT LEAST ANNUALLY, TO APPROVE CHANGES TO THE COMPENSATION FOR ALL SENIOR STAFF MEMBERS. THE COMMITTEE WILL COMPARE THE PROPOSED COMPENSATION LEVELS WITH THOSE OF SIMILARLY SIZED ORGANIZATIONS, BASED ON SALARY SURVEY DATA FROM THE ASSOCIATION OF ART MUSEUM DIRECTORS AND THE MIDWEST MUSEUM ASSOCIATION. THE VOTE BY THE COMMITTEE WILL BE RECORDED IN THE MEETING MINUTES, INCLUDING THE AMOUNTS AUTHORIZED AND REFERENCES TO THE COMPARISON INFORMATION. ANY COMPENSATION OPINIONS PROVIDED TO THE BOARD WILL BE KEPT WITH THE HUMAN RESOURCE COMMITTEE RECORDS. FOR VACANT POSITIONS, THE HUMAN RESOURCE COMMITTEE (OR A SUBCOMMITTEE) WILL APPROVE THE SALARY LEVEL PRIOR TO THE JOB OFFER BEING MADE TO A POTENTIAL NEW SENIOR STAFF MEMBER. IF A SEARCH IS TO BE MADE TO FILL A VACANT SENIOR STAFF POSITION, BOARD MEMBERS AND THE DIRECTOR DISCUSS AND DECIDE WHICH FIRM TO ENGAGE TO CONDUCT THE SEARCH. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST THROUGH CONTACTING JANE WOCHOS, CFO. ANNUAL FINANCIAL REPORTS ARE AVAILABLE ON THE MILWAUKEE ART MUSEUM'S WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN ASSETS HELD IN TRUST -16,859. CHANGE IN PRESENT VALUE DISCOUNT -43,869. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.