MINNEAPOLIS SOCIETY OF FINE ARTS: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- MINNEAPOLIS SOCIETY OF FINE ARTS (EIN 41-0693915)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-05-08
- IRS object ID
- 201321289349300347
- Schema version
- 2011v1.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule G
- Schedule J
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-05-08T10:34:56-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 410746749 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 220 SOUTH SIXTH STREET SUITE 300 | AddressLine1 |
| City | MINNEAPOLIS | City |
| State | MN | State |
| ZIP Code | 55402 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 410693915 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MINNEAPOLIS SOCIETY OF FINE ARTS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MINN | NameControl |
| Phone | 6128703000 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2400 THIRD AVENUE SOUTH | AddressLine1 |
| City | MINNEAPOLIS | City |
| State | MN | State |
| ZIP Code | 55404 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | PATRICIA GRAZZINI | Name |
| Title | DEPUTY DIRECTOR/COO/ASST TREAS | Title |
| Phone | 6128703000 | Phone |
| Date Signed | 2013-05-06 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | LARRY ADAMS | Name |
| PTIN | P01314654 | PTIN |
| Phone | 6123764500 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
Doing Business As DoingBusinessAs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MINNEAPOLIS INSTITUTE OF ARTS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | KAYWIN FELDMAN | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2400 THIRD AVENUE SOUTH | AddressLine1 |
| City | MINNEAPOLIS | City |
| State | MN | State |
| ZIP Code | 55404 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 221829373 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.ARTSMIA.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1883 | YearFormation |
| State Legal Domicile | MN | StateLegalDomicile |
| Activity Or Mission Description | ENRICH THE COMMUNITY BY COLLECT- ING, PRESERVING, AND MAKING ACCESSIBLE OUTSTANDING WORKS OF ART. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 56 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 49 | NbrIndependentVotingMembers |
| Total Nbr Employees | 361 | TotalNbrEmployees |
| Total Nbr Volunteers | 365 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 24710364 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 23265538 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 1784009 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 1606058 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 17535534 | InvestmentIncomePriorYear |
| Investment Income Current Year | 8279113 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 278423 | OtherRevenuePriorYear |
| Other Revenue Current Year | 271614 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 44308330 | TotalRevenuePriorYear |
| Total Revenue Current Year | 33422323 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 16024654 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 16332878 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 8750 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1911219 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 19615419 | OtherExpensePriorYear |
| Other Expenses Current Year | 16547158 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 35640073 | TotalExpensesPriorYear |
| Total Expenses Current Year | 32888786 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 8668257 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 533537 | RevenuesLessExpensesCY |
| Total Assets BOY | 292159909 | TotalAssetsBOY |
| Total Assets EOY | 285084516 | TotalAssetsEOY |
| Total Liabilities BOY | 16076786 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 14033307 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 276083123 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 271051209 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE MINNEAPOLIS INSTITUTE OF ARTS (MIA) ENRICHES THE COMMUNITY BY COLLECTING, PRESERVING, AND MAKING ACCESSIBLE OUTSTANDING WORKS OF ART FROM THE WORLD'S DIVERSE CULTURES. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 14362649 | Expense |
| Grants | 0 | Grants |
| Revenue | 397190 | Revenue |
| Description | 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 38 EXHIBITIONS AND PUBLICATIONS DURING THE PAST YEAR. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 3504428 | Expense |
| Grants | 0 | Grants |
| Revenue | 227705 | Revenue |
| Description | ACQUISITIONS:ACQUISITIONS BRING NEW STRENGTH TO THE COLLECTION. THE PERMANENT COLLECTION IS ALWAYS AT THE CORE OF OUR WORK. IN THE YEAR ENDED JUNE 30, 2012, 1,084 SUPERB OBJECTS WERE ACQUIRED ENRICHING EACH OF THE SEVEN CURATORIAL COLLECTING AREAS. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 2683063 | Expense |
| Grants | 0 | Grants |
| Revenue | 300312 | Revenue |
| Description | OUTREACH AND EDUCATION:WITH A STRONG COMMITMENT TO OUTREACH AND EDUCATION, THE 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 MUSEUMS COMPREHENSIVE SCHOOL SERVICES PROGRAM, EDUCATORS AND COMMUNITY VOLUNTEERS BROUGHT ART INTO THE LIVES OF STUDENTS, THROUGH BOTH CLASSROOM AND MUSEUM VISITS. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 4984503 | Expense |
| Grants | 0 | Grants |
| Revenue | 680851 | Revenue |
| Description | A CULTURAL HIGHLIGHT OF THE TWIN CITIES, THE MINNEAPOLIS INSTITUTE OF ARTS (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 80,000 WORKS OF ART, REPRESENTING ARTISTIC TRADITIONS AND TREASURES SPANNING 5,000 YEARS. THE 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 2012 FISCAL YEAR, 456,410 PEOPLE VISITED THE MIA, WITH AN ADDITIONAL 2.4 MILLION VIRTUAL VISITORS EXPLORING THE MUSEUMS COLLECTIONS AND EXHIBITIONS VIA ITS AWARD-WINNING WEB SITES, WWW.ARTSMIA.ORG AND WWW.ARTSCONNECTED.ORG. THE MIA HAD OVER 17,000 MEMBER HOUSEHOLDS DURING THE FISCAL YEAR.WITH A STRONG COMMITMENT TO OUTREACH AND EDUCATION, THE MIA COMPLEMENTS ITS COLLECTION AND EXHIBITIONS WITH A WIDE ARRAY OF PUBLIC PROGRAMS, CLASSES, LECTURES, AND SPECIAL EVENTS. THROUGH THE MIAS COMPREHENSIVE SCHOOL SERVICES PROGRAM, EDUCATORS AND COMMUNITY VOLUNTEERS DURING FISCAL YEAR 2012 BROUGHT ART INTO THE LIVES OF NEARLY 180,000 STUDENTS, THROUGH BOTH CLASSROOM AND MUSEUM VISITS. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 4984503 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Rev | 680851 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 25534643 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 1 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 1 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 128 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 361 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 56 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 49 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MN | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KRIS DAVIDSON | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6128703064 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2400 THIRD AVENUE SOUTH | AddressLine1 |
| City | MINNEAPOLIS | City |
| State | MN | State |
| ZIP Code | 55404 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (79 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|---|
| KAYWIN FELDMAN | |||||||||
| DIRCTOR AND PRESIDENT | 40.00 | X | X | 398256 | 0 | 28421 | |||
| MICHAEL FRANCIS | |||||||||
| ELECTIVE TRUSTEE | 1.00 | X | X | 0 | 0 | 0 | |||
| KIM ANDERSON | |||||||||
| ELECTIVE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| RICHARD ANDERSON | |||||||||
| ELECTIVE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| GARY BHOJWANI | |||||||||
| ELECTIVE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| MAURICE BLANKS | |||||||||
| ELECTIVE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| MICHAEL BOARDMAN | |||||||||
| ELECTIVE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| BLYTHE BRENDEN | |||||||||
| 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 | ||||
| CURTIS DUNNAVAN | |||||||||
| ELECTIVE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| JANE EMISON | |||||||||
| ELECTIVE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| NANCY ENGH | |||||||||
| ELECTIVE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| GAYLE FUGUITT | |||||||||
| ELECTIVE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| WILLIAM HAWKINS | |||||||||
| ELECTIVE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| JOHM HIMLE | |||||||||
| ELECTIVE TRUSTEE | 1.00 | X | X | 0 | 0 | 0 | |||
| SUSAN HOFF | |||||||||
| ELECTIVE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| JOHN HUSS | |||||||||
| ELECTIVE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| MARY INGEBRAND POHLAD | |||||||||
| ELECTIVE TRUSTEE | 1.00 | X | X | 0 | 0 | 0 | |||
| HUBERT JOLY | |||||||||
| ELECTIVE TRUSTEE | 1.00 | X | X | 0 | 0 | 0 | |||
| DIANE LILLY | |||||||||
| ELECTIVE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| REID MACDONALD | |||||||||
| ELECTIVE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| BETTY MACMILLAN | |||||||||
| ELECTIVE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| NIVIN MACMILLAN | |||||||||
| ELECTIVE TRUSTEE | 1.00 | X | X | 0 | 0 | 0 | |||
| SIRI MARSHALL | |||||||||
| ELECTIVE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| SAM MCCULLOUGH | |||||||||
| ELECTIVE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| AL MCQUINN | |||||||||
| ELECTIVE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| LUCY CROSBY MITCHELL | |||||||||
| ELECTIVE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| LENI MOORE | |||||||||
| ELECTIVE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| SHEILA MORGAN | |||||||||
| ELECTIVE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| ROBERT W NELSON | |||||||||
| ELECTIVE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| MARY OLSON | |||||||||
| ELECTIVE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| MIKE OTT | |||||||||
| ELECTIVE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| LINDA PERLMAN | |||||||||
| ELECTIVE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| JOHN PRINCE | |||||||||
| ELECTIVE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| DAR REEDY | |||||||||
| ELECTIVE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| ABIGAIL ROSE | |||||||||
| ELECTIVE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| MARIANNE SHORT | |||||||||
| ELECTIVE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| ROGER SIT | |||||||||
| ELECTIVE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| ALEC SOTH | |||||||||
| ELECTIVE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| STEWART STENDER | |||||||||
| ELECTIVE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| ROBERT STEPHENS | |||||||||
| ELECTIVE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| RALPH STRANGIS | |||||||||
| ELECTIVE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| RICARDO TORRES | |||||||||
| ELECTIVE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| RICHARD VENEGAR | |||||||||
| ELECTIVE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| MICHAEL VOLPI | |||||||||
| ELECTIVE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| BETSY WEYERHAUESER | |||||||||
| ELECTIVE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| JOHN E ANDUS III | |||||||||
| LIFE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| MARVIN BORMAN | |||||||||
| LIFE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| SANDRA K BUTLER | |||||||||
| LIFE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| BURTON COHEN | |||||||||
| LIFE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| BRUCE B DAYTON | |||||||||
| LIFE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| W JOHN DRISCOLL | |||||||||
| LIFE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| BEVERLY GROSSMAN | |||||||||
| LIFE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| AL HARRISON | |||||||||
| LIFE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| MYRON KUNIN | |||||||||
| LIFE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| DAVID M LEBEDOFF | |||||||||
| LIFE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| CLINTON MORRISON | |||||||||
| 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 RT RYBAK | |||||||||
| TRUSTEE BY VIRTUE OF OFFICE | 1.00 | X | 0 | 0 | 0 | ||||
| SENATOR SCOTT DIBBLE | |||||||||
| TRUSTEE BY VIRTUE OF OFFICE | 1.00 | X | 0 | 0 | 0 | ||||
| SENATOR GEN OLSON | |||||||||
| TRUSTEE BY VIRTUE OF OFFICE | 1.00 | X | 0 | 0 | 0 | ||||
| KATIE SEARLE | |||||||||
| TRUSTEE BY VIRTUE OF OFFICE | 1.00 | X | 0 | 0 | 0 | ||||
| REP PAUL THISSEN | |||||||||
| TRUSTEE BY VIRTUE OF OFFICE | 1.00 | X | 0 | 0 | 0 | ||||
| REP KURT ZELLERS | |||||||||
| TRUSTEE BY VIRTUE OF OFFICE | 1.00 | X | 0 | 0 | 0 | ||||
| COMMISSIONER MIKE OPAT | |||||||||
| TRUSTEE BY VIRTUE OF OFFICE | 1.00 | X | 0 | 0 | 0 | ||||
| COMMISSIONER ANITA TABB | |||||||||
| TRUSTEE BY VIRTUE OF OFFICE | 1.00 | X | 0 | 0 | 0 | ||||
| CAROLYN DAHL | |||||||||
| TRUSTEE BY VIRTUE OF OFFICE | 1.00 | X | 0 | 0 | 0 | ||||
| MICHELE CALLAHAN | |||||||||
| SECRETARY | 40.00 | X | 79035 | 0 | 11921 | ||||
| PATRICIA GRAZZINI | |||||||||
| DEPUTY DIRECTOR & COO/ASST TREAS | 40.00 | X | 310565 | 0 | 86861 | ||||
| MATTHEW WELCH | |||||||||
| DEPUTY DIRECTOR & CHIEF CURATOR | 40.00 | 192845 | 0 | 15498 | X | ||||
| ELIZABETH ARMSTRONG | |||||||||
| DIR OF CAMP, CURATOR OF CONTEMP ART | 40.00 | 175488 | 0 | 21528 | X | ||||
| PATRICK NOON | |||||||||
| CURATOR OF PAINTINGS | 40.00 | 159656 | 0 | 16786 | X | ||||
| KATHERINE HYATT-MILTON | |||||||||
| DIRECTOR OF LEARNING & INNOVATION | 40.00 | 132738 | 0 | 5696 | X | ||||
| JULIANNE AMENDOLA | |||||||||
| DIRECTOR OF DEVELOPMENT | 40.00 | 146358 | 0 | 12933 | X | ||||
| THOMAS RASSIEUR | |||||||||
| CURATOR OF PRINTS AND DRAWINGS | 40.00 | 136550 | 0 | 12527 | X | ||||
| EIKE SCHMIDT | |||||||||
| CURATOR OF DECORATIVE ARTS | 40.00 | 146224 | 0 | 7673 | X | ||||
| EVAN MAURER | |||||||||
| FORMER DIRECTOR AND PRESIDENT | 40.00 | 60000 | 0 | 0 | X | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1937715 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 219844 | TotalOtherCompensation |
| Number Individuals GT100 K | 13 | NumberIndividualsGT100K |
| Formers Listed | 1 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| MONTICELLO ASSOCIATES | |||||
| 1800 LARIMER ST SUITE 2100 | DENVER | CO | 80202 | INVESTMENT ADVISOR | 250000 |
| SIT INVESTMENT ASSOCIATES | |||||
| 90 S SEVENTH ST SUITE 4600 | MINNEAPOLIS | MN | 55402 | INVESTMENT MANAGEMENT | 249216 |
| METRO ELEVATOR | |||||
| 1721 MAIN ST | HOPKINS | MN | 55343 | ELEVATOR UPGRADES | 226843 |
| RESNICOW SCHROEDER ASSOCIATES INC | |||||
| 1995 BROADWAY 11TH FL | NEW YORK | NY | 10023 | PUBLIC RELATIONS | 133310 |
| MIDWEST ART CONSERVATION CENTER | |||||
| 2400 THIRD AVE S | MINNEAPOLIS | MN | 55404 | ART CONSERVATION SERVICES | 127914 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 27 | NumberOfContractorsGT100K |
| Membership Dues | 1445182 | MembershipDues |
| Fundraising Events | 327197 | FundraisingEvents |
| Government Grants | 11729069 | GovernmentGrants |
| All Other Contributions | 9764090 | AllOtherContributions |
| Noncash Contributions | 1675514 | NoncashContributions |
| Total Contributions | 23265538 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| RENTALS/REIMBURSEMENTS | 532000 | 647526 | 647526 |
| PROGRAM ADMISSIONS/FEE | 900099 | 397190 | 397190 |
| CLASSES AND PROGRAMS | 900099 | 300312 | 300312 |
| DEACCESSIONS | 900099 | 227705 | 227705 |
| CIRCLE MEMBERSHIP DUES | 532000 | 33325 | 33325 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 1606058 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 5962433 | TotalRevenueColumn |
| Exclusion | $5,962,433 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 190244604 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 187927924 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2316680 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2316680 | TotalRevenueColumn |
| Exclusion | $2,316,680 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 138003 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 327197 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 167690 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -29687 | TotalRevenueColumn |
| Exclusion | -$29,687 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 612737 | GrossSalesOfInventory |
| Cost Of Goods Sold | 311436 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 301301 | TotalRevenueColumn |
| Exclusion | $301,301 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 33422323 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1606058 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $8,550,727 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1315053 | Total |
| Program Services | 733512 | ProgramServices |
| Management And General | 464695 | ManagementAndGeneral |
| Fundraising | 116846 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 60000 | Total |
| Management And General | 60000 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12034155 | Total |
| Program Services | 9404388 | ProgramServices |
| Management And General | 1765478 | ManagementAndGeneral |
| Fundraising | 864289 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 492120 | Total |
| Program Services | 334956 | ProgramServices |
| Management And General | 125986 | ManagementAndGeneral |
| Fundraising | 31178 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1429847 | Total |
| Program Services | 1032581 | ProgramServices |
| Management And General | 300677 | ManagementAndGeneral |
| Fundraising | 96589 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1001703 | Total |
| Program Services | 702285 | ProgramServices |
| Management And General | 234642 | ManagementAndGeneral |
| Fundraising | 64776 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 250423 | Total |
| Program Services | 105427 | ProgramServices |
| Management And General | 144996 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 80468 | Total |
| Management And General | 80468 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 37500 | Total |
| Management And General | 37500 | ManagementAndGeneral |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8750 | Total |
| Fundraising | 8750 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1114049 | Total |
| Management And General | 1114049 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1535239 | Total |
| Program Services | 1059537 | ProgramServices |
| Management And General | 341853 | ManagementAndGeneral |
| Fundraising | 133849 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 473282 | Total |
| Program Services | 453533 | ProgramServices |
| Management And General | 13096 | ManagementAndGeneral |
| Fundraising | 6653 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1700315 | Total |
| Program Services | 1417239 | ProgramServices |
| Management And General | 81837 | ManagementAndGeneral |
| Fundraising | 201239 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 327078 | Total |
| Program Services | 283041 | ProgramServices |
| Management And General | 27490 | ManagementAndGeneral |
| Fundraising | 16547 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2873873 | Total |
| Program Services | 2672853 | ProgramServices |
| Management And General | 173982 | ManagementAndGeneral |
| Fundraising | 27038 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 426210 | Total |
| Program Services | 345492 | ProgramServices |
| Management And General | 75949 | ManagementAndGeneral |
| Fundraising | 4769 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 38592 | Total |
| Program Services | 17221 | ProgramServices |
| Management And General | 19434 | ManagementAndGeneral |
| Fundraising | 1937 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 110790 | Total |
| Management And General | 110790 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3713908 | Total |
| Program Services | 3504775 | ProgramServices |
| Management And General | 190430 | ManagementAndGeneral |
| Fundraising | 18703 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 178626 | Total |
| Program Services | 178626 | ProgramServices |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| ACCESSIONS | 2315633 | 2315633 | ||
| MISCELLANEOUS | 931005 | 925909 | 773 | 4323 |
| UNRELATED BUSINESS INCO | 311136 | 311136 | ||
| DUES AND SUBSSCRIPTIONS | 129031 | 47635 | 78799 | 2597 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 32888786 | Total |
| Program Services | 25534643 | ProgramServices |
| Management And General | 5442924 | ManagementAndGeneral |
| Fundraising | 1911219 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8152 | BOY |
| EOY | 9550 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13107947 | BOY |
| EOY | 18028301 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7568618 | BOY |
| EOY | 4979605 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9405170 | BOY |
| EOY | 9171472 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 291946 | BOY |
| EOY | 319529 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 184491 | BOY |
| EOY | 328178 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 110259482 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 39036389 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 74497070 | BOY |
| EOY | 71223093 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 94231241 | BOY |
| EOY | 43979946 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 35899370 | BOY |
| EOY | 81717326 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 56965904 | BOY |
| EOY | 55327516 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 292159909 | BOY |
| EOY | 285084516 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5534838 | BOY |
| EOY | 4131518 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6264901 | BOY |
| EOY | 5835729 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3000000 | BOY |
| EOY | 2901249 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1277047 | BOY |
| EOY | 1164811 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16076786 | BOY |
| EOY | 14033307 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 102300913 | BOY |
| EOY | 97708598 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 42909761 | BOY |
| EOY | 42916965 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 130872449 | BOY |
| EOY | 130425646 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 276083123 | BOY |
| EOY | 271051209 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 292159909 | BOY |
| EOY | 285084516 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 533537 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -5565451 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 13497539 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 11615500 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 15175971 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 12526148 | CurrentTaxYearMinus1Year |
| Current Tax Year | 11769426 | CurrentTaxYear |
| Total | 64584584 | Total |
Tax Rev Levied For Org Benefit170 TaxRevLeviedForOrgBenefit170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 10964580 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 12022040 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 12400267 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 12184216 | CurrentTaxYearMinus1Year |
| Current Tax Year | 11496112 | CurrentTaxYear |
| Total | 59067215 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 24462119 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 23637540 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 27576238 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 24710364 | CurrentTaxYearMinus1Year |
| Current Tax Year | 23265538 | CurrentTaxYear |
| Total | 123651799 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | 123651799 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 7855775 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 7600499 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 6206712 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 5236913 | CurrentTaxYearMinus1Year |
| Current Tax Year | 5962433 | CurrentTaxYear |
| Total | 32862332 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 332981 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | -356764 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 97911 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1653 | CurrentTaxYearMinus1Year |
| Total | 75781 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 156589912 | TotalSupport |
| Gross Receipts From Admissions Etc | 9442826 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.78970 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.78770 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
| General Explanation | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE | GeneralExplanation |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Political Expenditures | 0 | PoliticalExpenditures |
| Volunteer Hours | 0 | VolunteerHours |
| Amt Of4955 Tax | 0 | AmtOf4955Tax |
| Amt Of4955 Tax On Managers | 0 | AmtOf4955TaxOnManagers |
| Volunteers | 0 | Volunteers |
| Paid Staff Or Management | 0 | PaidStaffOrManagement |
| Media Advertisements | 0 | MediaAdvertisements |
| Mailings Members | 0 | MailingsMembers |
| Publications Or Broadcast | 0 | PublicationsOrBroadcast |
| Grants Other Organizations | 0 | GrantsOtherOrganizations |
| Direct Contact Legislators | 1 | DirectContactLegislators |
| Direct Contact Legislators | $37,500 | DirectContactLegislatorsAmount |
| Rallies Demonstrations | 0 | RalliesDemonstrations |
| Other Activities | 0 | OtherActivities |
| Total Lobbying Expenditures IIB | 37500 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | 0 | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PART IV, SUPPLEMENTAL INFORMATION: | Identifier |
| Explanation | 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. | Explanation |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Scholar Research | X | CollectUsedForScholarResearch |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Collect Used For Loan Or Exch Prgrms | X | CollectUsedForLoanOrExchPrgrms |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 119266897 | BeginningOfYearBalance |
| Contributions | 1191766 | Contributions |
| Investment Earnings Or Losses | 1127066 | InvestmentEarningsOrLosses |
| Other Expenditures | 5762435 | OtherExpenditures |
| End Of Year Balance | 115823294 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 102589837 | BeginningOfYearBalance |
| Contributions | 3879722 | Contributions |
| Investment Earnings Or Losses | 18027577 | InvestmentEarningsOrLosses |
| Other Expenditures | 5230239 | OtherExpenditures |
| End Of Year Balance | 119266897 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 94076848 | BeginningOfYearBalance |
| Contributions | 3736682 | Contributions |
| Investment Earnings Or Losses | 10077263 | InvestmentEarningsOrLosses |
| Other Expenditures | 5300956 | OtherExpenditures |
| End Of Year Balance | 102589837 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 112280196 | BeginningOfYearBalance |
| Contributions | 1074751 | Contributions |
| Investment Earnings Or Losses | -13888032 | InvestmentEarningsOrLosses |
| Other Expenditures | 5390067 | OtherExpenditures |
| End Of Year Balance | 94076848 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.16960 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.63460 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.19580 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 9056008 | OtherCostOrOtherBasis |
| Book Value | 9056008 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 91226584 | OtherCostOrOtherBasis |
| Depreciation | 29448814 | Depreciation |
| Book Value | 61777770 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 9740722 | OtherCostOrOtherBasis |
| Depreciation | 9587575 | Depreciation |
| Book Value | 153147 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 236168 | OtherCostOrOtherBasis |
| Book Value | 236168 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 71223093 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (5 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| HEDGED EQUITY FUNDS | 23485122 | F |
| DODGE & COX INTERNATIONAL STOCK FUND | 14572529 | F |
| PIMCO TOTAL RETURN INSTITUTIONAL FUND | 14497709 | F |
| SEMPER VIC PARTNERS | 24197248 | F |
| CAPITAL GUARDIAN | 4964718 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 81717326 | TotalOfBookValueSecurities |
Other Assets OtherAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | BENEFICIAL INTEREST IN PERPETUAL TRUSTS | Description |
| Book Value | 55327516 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 55327516 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | AMOUNTS DUE TO BENEFICIARIES | Description |
| Amount | $1,164,811 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1164811 | TotalOfAmounts |
| Total Revenue | 33422323 | TotalRevenue |
| Total Expenses | 32888786 | TotalExpenses |
| Excess Or Deficit For Year | 533537 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -5450512 | NetUnrealizedGLOnInvestments |
| Other | -$114,939 | OtherAmount |
| Total Adjustments | -5565451 | TotalAdjustments |
| Excess Or Deficit Per FS | -5031914 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 27230143 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -5450512 | NetUnrealizedGainsInvestments |
| Other Revenues | 372381 | OtherRevenues |
| Revenue Not Rptd F990 | -5078131 | RevenueNotRptdF990 |
| Revenue Subtotal | 32308274 | RevenueSubtotal |
| Investment Expenses Not Included | 1114049 | InvestmentExpensesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 1114049 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 33422323 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 32262057 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 487320 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 487320 | ExpensesNotRptdF990 |
| Expenses Subtotal | 31774737 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 1114049 | InvestmentExpensesNotIncluded2 |
| Expenses Not Rptd On Fin Stmt | 1114049 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 32888786 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART III, LINE 1A: | PER THE STATEMENT OF FINANCIAL ACCOUNTING STANDARDS NO. 116, THE MIA HAS ELECTED THE OPTION TO NOT CAPITALIZE WORKS OF ART WHEN ACQUIRED THROUGH PURCHASE OR GIFT. IN MAKING THIS ELECTION, THE MIA CERTIFIES THAT ITS COLLECTIONS: -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 AN ORGANIZATIONAL POLICY THAT REQUIRES THE PROCEEDS FROM SALES OF COLLECTION ITEMS TO BE USED TO ACQUIRE OTHER ITEMS FOR THE COLLECTIONS. WORKS OF ART THAT ARE ACQUIRED ARE NOT INCLUDED AS ASSETS IN THE STATEMENTS OF FINANCIAL POSITION. THE COST OF WORKS OF ART PURCHASED OR THE MARKET VALUE OF WORKS OF ART RECEIVED AS GIFTS IS NOT CAPITALIZED WHEN ACQUIRED. | |
| 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. | DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: |
| PART X: | THE 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 STATEMENT OF ACTIVITIES IN THE YEAR INCURRED. THE MIA'S ACCOUNTING POLICY PROVIDES THAT A TAX EXPENSE OR BENEFIT FROM AN UNCERTAIN TAX POSITION MAY BE RECOGNIZED WHEN IT IS MORE THAN 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. THE MIA HAS NO UNCERTAIN TAX POSITIONS RESULTING IN AN ACCRUAL OR TAX EXPENSE OR BENEFIT. THE MIA'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE TAX RETURNS FOR THE YEARS 2009 THROUGH 2011 ARE OPEN TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| LOSS ON BENEFICIARY AGREEMENTS -114,939. | PART XI, LINE 8 - OTHER ADJUSTMENTS: | |
| SPECIAL EVENTS EXPENSES 167,690. COST OF GOODS SOLD AND FREIGHT IN - MUSEUM SHOP 311,436. DIFFERENCE IN DRAW - TRUSTS 8,194. LOSS ON BENEFICIARY AGREEMENTS -114,939. | PART XII, LINE 2D - OTHER ADJUSTMENTS: | |
| COST OF GOODS SOLD AND FREIGHT IN - MUSEUM SHOP 311,436. SPECIAL EVENTS EXPENSES 167,690. DIFFERENCE IN DRAW - TRUSTS 8,194. | PART XIII, LINE 2D - OTHER ADJUSTMENTS: |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | REMBRANT GALA & SILENT AUCTION | NameOfEvent1 |
| Gross Receipts Event1 | 395880 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 304592 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 91288 | GrossRevenueEvent1 |
| Non Cash Prizes Event1 | 58500 | NonCashPrizesEvent1 |
| Rent Facility Costs Event1 | 6707 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 50797 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 5406 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 18478 | OtherDirectExpensesEvent1 |
| Name Of Event2 | PRINTS & DRAWINGS FAIR | NameOfEvent2 |
| Gross Receipts Event2 | 69320 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 22605 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 46715 | GrossRevenueEvent2 |
| Rent Facility Costs Event2 | 3728 | RentFacilityCostsEvent2 |
| Food And Beverage Event2 | 14209 | FoodAndBeverageEvent2 |
| Entertainment Event2 | 800 | EntertainmentEvent2 |
| Other Direct Expenses Event2 | 9065 | OtherDirectExpensesEvent2 |
| Gross Receipts Total | 465200 | GrossReceiptsTotal |
| Charitable Contributions Total | 327197 | CharitableContributionsTotal |
| Gross Revenue Total Events | 138003 | GrossRevenueTotalEvents |
| Non Cash Prizes Total Events | 58500 | NonCashPrizesTotalEvents |
| Rent Facility Costs Total Events | 10435 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 65006 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 6206 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 27543 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 167690 | DirectExpenseSummaryEvents |
| Net Income Summary | -29687 | NetIncomeSummary |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Payments | X | IdemnificationGrossUpPayments |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (8 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KAYWIN FELDMAN | |||||||||||||
| 367464 | 0 | 0 | 0 | 30792 | 0 | 22050 | 0 | 6371 | 0 | 426677 | 0 | 0 | 0 |
| PATRICIA GRAZZINI | |||||||||||||
| 259833 | 0 | 0 | 0 | 50732 | 0 | 74059 | 0 | 12802 | 0 | 397426 | 0 | 0 | 0 |
| MATTHEW WELCH | |||||||||||||
| 189849 | 0 | 0 | 0 | 2996 | 0 | 9588 | 0 | 5910 | 0 | 208343 | 0 | 0 | 0 |
| ELIZABETH ARMSTRONG | |||||||||||||
| 172240 | 0 | 0 | 0 | 3248 | 0 | 9084 | 0 | 12444 | 0 | 197016 | 0 | 0 | 0 |
| PATRICK NOON | |||||||||||||
| 159656 | 0 | 0 | 0 | 0 | 0 | 8323 | 0 | 8463 | 0 | 176442 | 0 | 0 | 0 |
| JULIANNE AMENDOLA | |||||||||||||
| 144895 | 0 | 0 | 0 | 1463 | 0 | 7195 | 0 | 5738 | 0 | 159291 | 0 | 0 | 0 |
| EIKE SCHMIDT | |||||||||||||
| 145477 | 0 | 0 | 0 | 747 | 0 | 1926 | 0 | 5747 | 0 | 153897 | 0 | 0 | 0 |
| EVAN MAURER | |||||||||||||
| 0 | 0 | 0 | 0 | 60000 | 0 | 0 | 0 | 0 | 0 | 60000 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| PART I, LINE 1A | TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: MOBILE COMMUNICATION DEVICE ALLOWANCE THE MIA PROVIDES A MONTHLY ALLOWANCE TO CERTAIN EMPLOYEES FOR BUSINESS USE OF PERSONALLY OWNED MOBILE COMMUNICATION DEVICES (CELL PHONES AND SMART PHONES), WHICH IS GROSSED UP FOR TAX PURPOSES AND TREATED AS TAXABLE COMPENSATION ON THE EMPLOYEES FORM W-2. PER POLICY, THE EMPLOYEES JOB DUTIES MUST NECESSITATE THE USE OF A MOBILE DEVICE FOR MIA BUSINESS FOR PURPOSES OF BUSINESS TRAVEL, DAILY/AFTER-HOUR COMMUNICATION, OR FOR EMERGENCIES. LISTED EMPLOYEES RECEIVING THIS ALLOWANCE PAYMENT INCLUDE: -DIRECTOR AND PRESIDENT -DEPUTY DIRECTOR AND COO (AND ASSISTANT TREASURER) -DIRECTOR OF ADMINISTRATIVE AFFAIRS (AND ASSISTANT CORPORATE SECRETARY) -DEPUTY DIRECTOR AND CHIEF CURATOR -DIRECTOR OF CAMP/CURATOR OF CONTEMPORARY ART -DIRECTOR OF EXTERNAL AFFAIRS -DIRECTOR OF DEVELOPMENT -DIRECTOR OF MEDIA & TECHNOLOGY -DIRECTOR OF LEARNING & INNOVATION HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES: MIA MAINTAINS A MEMBERSHIP AT THE MINNEAPOLIS CLUB, A SOCIAL CLUB, IN THE NAME OF THE DIRECTOR AND PRESIDENT. THIS MEMBERSHIP IS USED BY THE MIA FOR HOSTING BUSINESS MEETINGS, BUT IS AVAILABLE TO THE DIRECTOR AND PRESIDENT FOR PERSONAL USE. MONTHLY DUES ARE TREATED AS TAXABLE COMPENSATION TO THE DIRECTOR AND PRESIDENT AND ARE GROSSED UP FOR TAX PURPOSES. AS COMPENSATION, THE MEMBERSHIP IS REVIEWED UNDER THE COMPENSATION POLICY. SEE SCHEDULE O FOR ADDITIONAL DETAIL ON THE PROCESS FOR DETERMINING COMPENSATION. |
| PART I, LINE 4B | 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 FISCAL YEAR 2012 TOTALED $52,009. |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (5 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| RICHARD DAVIS - US BANK | |||
| ELECTED TRUSTEE | 190332 | BANK/TRUSTEE/INVESTMENT MANAGEMENT FEES | 0 |
| SAM MCCULLOUGH - MIDWEST ART CONSERVATION CENTER | |||
| ELECTED TRUSTEE | 107538 | ART CONSERVATION SERVICES | 0 |
| MICHAEL OTT - US BANK | |||
| ELECTED TRUSTEE | 190332 | BANK/TRUSTEE/INVESTMENT MANAGEMENT FEES | 0 |
| ROGER SIT - SIT INVESTMENT ASSOCIATES | |||
| ELECTED TRUSTEE | 216778 | INVESTMENT MANAGEMENT FEES | 0 |
| RALPH STRANGIS - SIT INVESTMENT ASSOCIATES | |||
| ELECTED TRUSTEE | 216778 | INVESTMENT MANAGEMENT FEES | 0 |
Form990 Schedule L Part V Form990ScheduleLPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: | Identifier |
| Explanation | THE MIA HAS HAD A LONG STANDING BANKING, TRUST ADMINISTRATION, AND INVESTMENT MANAGEMENT RELATIONSHIP WITH US BANK. MICHAEL OTT, MIA TRUSTEE, IS AN EMPLOYEE OF US BANK. RICHARD DAVIS, MIA TRUSTEE, IS AN EMPLOYEE AND EXECUTIVE OFFICER OF US BANK.THE MIA HAS CONTRACTED WITH SIT INVESTMENT ASSOCIATES FOR INVESTMENT MANAGEMENT. ROGER SIT, MIA TRUSTEE, IS EMPLOYED BY SIT INVESTMENT ASSOCIATES. RALPH STRANGIS, MIA TRUSTEE, IS A MEMBER OF THE BOARD OF DIRECTORS.THE MIA HAS CONTRACTED WITH MIDWEST ART CONSERVATION CENTER FOR CONSERVATION SERVICES. SAM MCCULLOUGH, MIA TRUSTEE, IS A MEMBER OF THE BOARD OF DIRECTORS. | Explanation |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 55 | NumberOfContributions |
| Method Of Determining Revenues | N/A - SEE PART II | MethodOfDeterminingRevenues |
Art Fractional Interest ArtFractionalInterest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Method Of Determining Revenues | N/A - SEE PART II | MethodOfDeterminingRevenues |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 56 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 615933 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | QUOTED MARKET PRICES | MethodOfDeterminingRevenues |
Securities Prtnrshp Trust Intrsts SecuritiesPrtnrshpTrustIntrsts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 944170 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV ON DATE RECEIVED | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable (4 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | FUNDRAISING AUCTION ITEMS | 9 | 58500 | FMV ON GIFT DATE |
| X | AIRFARE | 1 | 50000 | FMV ON GIFT DATE |
| X | EXHIBITION SUPPLIES | 2 | 5791 | FMV ON GIFT DATE |
| X | HOTEL | 1 | 1120 | FMV ON GIFT DATE |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 20 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 1 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| THIRD PARTY USE: | PART I, LINE 32B: | THE MIA USES THE SERVICES OF A BROKERAGE FIRM TO SELL GIFTS OF SECURITIES. THE MIAS POLICY IS TO SELL THE GIFTS AS SOON AS POSSIBLE AFTER THE GIFT IS RECEIVED. GIFTS ARE VALUED USING THE AVERAGE OF THE QUOTED HIGH AND LOW PRICE AS OF THE GIFT DATE. |
| NON REPORTING OF REVENUE: | PART I, LINE 33: | PER THE STATEMENT OF FINANCIAL ACCOUNTING STANDARDS NO. 116, THE MIA HAS ELECTED THE OPTION TO NOT CAPITALIZE WORKS OF ART WHEN ACQUIRED THROUGH PURCHASE OR GIFT. IN MAKING THIS ELECTION, THE MIA CERTIFIES THAT ITS COLLECTIONS: -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 AN ORGANIZATIONAL POLICY THAT REQUIRES THE PROCEEDS FROM SALES OF COLLECTION ITEMS TO BE USED TO ACQUIRE OTHER ITEMS FOR THE COLLECTIONS. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| 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 6 | PER THE BY-LAWS, ANY PERSON OR CORPORATION WHO PAYS THE SOCIETY AN ANNUAL MEMBERSHIP FEE IS CONSIDERED A MEMBER. | |
| FORM 990, PART VI, SECTION A, LINE 7A | MEMBERS OF THE MIA APPROVE A SLATE OF CANDIDATES AND THE SIZE OF THE BOARD AS PRESENTED BY THE GOVERNING BODY EACH YEAR AT THE MEMBERS' ANNUAL MEETING. THE BOARD MAY ELECT, AT ITS DISCRETION, BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE BOARD UPON RECOMMENDATION OF THE GOVERNANCE AND NOMINATING COMMITTEE, ONE OR MORE LIFE TRUSTEES. THIS HONOR IS THE HIGHEST LEVEL OF RECOGNITION CONFERRED BY THE BOARD UPON SELECTED INDIVIDUALS FROM AMONG MEMBERS OF THE SOCIETY AND ACKNOWLEDGES EXCEPTIONAL DEDICATION AND COMMITMENT TO THE SOCIETY OVER AN EXTENDED NUMBER OF YEARS. AN ELECTIVE TRUSTEE SHALL BECOME ELIGIBLE FOR ELECTION AS A LIFE TRUSTEE UPON EXPIRATION OF ONE YEAR FROM THE DATE WHEN HIS OR HER TERM OF ELECTIVE TRUSTEESHIP SHALL HAVE EXPIRED. LIFE TRUSTEES SHALL HAVE ALL THE PRIVILEGES OF ELECTIVE TRUSTEES FOR THEIR LIFETIME. THE BOARD OF TRUSTEES INCLUDES THE FOLLOWING PERSONS, UPON HIS OR HER ACCEPTANCE THAT ARE TRUSTEES BY VIRTUE OF THEIR OFFICE: THE GOVERNOR OF THE STATE OF MINNESOTA, THE MAYOR OF THE CITY OF MINNEAPOLIS, TWO MEMBERS OF EACH OF THE MINNESOTA SENATE AND HOUSE OF REPRESENTATIVES WHO RESIDE IN HENNEPIN COUNTY, AS FROM TIME TO TIME MAY BE APPOINTED BY THE EXECUTIVE COMMITTEE OF THE SOCIETY, ONE MEMBER OF EACH OF THE BOARD OF HENNEPIN COUNTY COMMISSIONERS AND THE MINNEAPOLIS PARK AND RECREATION BOARD, AS FROM TIME TO TIME MAY BE APPOINTED BY THE EXECUTIVE COMMITTEE OF THE SOCIETY, AND THE PRESIDENT OF THE FRIENDS OF THE INSTITUTE. | |
| 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 FILING. 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 MIAS 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 AND APPROVES THE COMPENSATION OF ALL POSITIONS REPORTED ON FORM 990. THE DIRECTOR & PRESIDENT SETS THE COMPENSATION OF ALL OTHER EMPLOYEES. 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. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE SOCIETY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -5,450,512. LOSS ON BENEFICIARY AGREEMENTS -114,939. TOTAL TO FORM 990, PART XI, LINE 5: -5,565,451. | CHANGES IN NET ASSETS OR FUND BALANCES: |
Schedule R IRS990ScheduleR
Form990 Schedule R Part IV Form990ScheduleRPartIV (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Type Of EntityTypeOfEntity |
|---|---|---|---|---|---|---|---|
| CHARITABLE REMAINDER UNITRUST (1) | |||||||
| 2400 THIRD AVENUE SOUTH | MINNEAPOLIS | MN | 55404 | INVESTMENT | MN | MINNEAPOLIS INSTITUTE OF ARTS | T |
| CHARITABLE TRUST (2) | |||||||
| 2400 THIRD AVENUE SOUTH | MINNEAPOLIS | MN | 55404 | INVESTMENT | MN | MINNEAPOLIS INSTITUTE OF ARTS | T |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
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