2013-05-09T16:51:25-05:00 2012-08-31 390758449 WIPFLI LLP 10000 INNOVATION DRIVE SUITE 250 MILWAUKEE WI 532264837 990 2011-09-01 390806316 MILWAUKEE ART MUSEUM INC MILW 4142243200 700 N ART MUSEUM DRIVE MILWAUKEE WI 53202 DANIEL KEEGAN 4142243200 2013-05-09 1 DAVE GLOBIG P01356041 4144319300 2013-04-24 2011 2016-02-25 16:41:14Z DANIEL KEEGAN 700 N ART MUSEUM DRIVE MILWAUKEE WI 53202 52736278 0 X WWW.MAM.ORG X 1937 WI THE MILWAUKEE ART MUSEUM COLLECTS AND PRESERVES ART, PRESENTING IT TO THE COMMUNITY AS A VITAL SOURCE OF INSPIRATION AND EDUCATION. 44 44 349 479 -757944 -757945 9641824 8341614 2898178 2757396 2021875 1518781 940421 116609 15502298 12734400 0 0 0 0 6637261 6835883 0 0 950526 13464648 9547342 20101909 16383225 -4599611 -3648825 131801337 129300712 1817408 1286764 129983929 128013948 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 3175971 311300 PRESENTATION AND CURATORIAL: SPECIAL EXHIBITS DURING 11-12 INCLUDED IMPRESSIONISM: MASTERWOKS ON PAPER, ACCIDENTAL GENIOUS: ART FROM THE ANTHONY PETULLO COLLECTION, POSTERS OF PARIS: TOULOUSE-LAUTREC AND HIS CONTEMPORARIES, TARYN SIMON: PHOTOGRAPHS AND TESTS, CURRENTS 35: TARA DONOVAN, CURRENTS 34: ISAAC JULIEN, BUILDING A MASTERPIECE: SANTIAGO CALATRAVA AND THE MILWAUKEE ART MUSEUM, THE TOOL AT HAND, FACE JUGS, JUST THE WRIGHT SIZE, ART GOES TO THE MOVIES, YUE MINJUN, AND THE ANNUAL SCHOLASTIC EXHIBITION. 1179632 252203 EDUCATION: WE SERVED A TOTAL OF 312,547 PEOPLE IN EDUCATION PROGRAMS IN FY 11/12. 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 650 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. 2633280 1832239 AUDIENCE MEMBER AND VOLUNTEER DEVELOPMENT: ADMISSIONS AND TOURS FOR FISCAL 2012 TOTALED 371,616. APPROXIMATELY 423 VOLUNTEERS ASSISTED IN MANY ACTIVITIES. 6560431 1192642 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. 6560431 1192642 13549314 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 1 0 0 1 1 0 0 1 0 0 0 0 0 1 241 0 1 349 1 1 1 0 0 0 0 1 1 0 0 0 0 X 44 44 1 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 WI X X JANE WOCHOS 4142243881 700 N ART MUSEUM DRIVE MILWAUKEE WI 53202 RAYMOND R KRUEGER 1.00 X X 0 0 0 R BRUCE MCDONALD 1.00 X X 0 0 0 BETTY EWENS QUADRACCI 1.00 X X 0 0 0 FREDERIC G FRIEDMAN 1.00 X X 0 0 0 DONALD W BAUMGARTNER 1.00 X 0 0 0 LORI BECHTHOLD 1.00 X 0 0 0 RANDY BRYANT 1.00 X 0 0 0 MICHAEL J CUDAHY 1.00 X 0 0 0 STEPHEN EINHORN 1.00 X 0 0 0 JANE FEE 1.00 X 0 0 0 JULIE GARDNER 1.00 X 0 0 0 ELLEN GLAISNER 1.00 X 0 0 0 CARMEN HABERMAN 1.00 X 0 0 0 PATRICIA JURSIK 1.00 X 0 0 0 W DAVID KNOX II 1.00 X 0 0 0 ANTHONY S KRAUSEN 1.00 X 0 0 0 KENNETH C KREI 1.00 X 0 0 0 GAIL A LIONE 1.00 X 0 0 0 JOAN LUBAR 1.00 X 0 0 0 MARIANNE LUBAR 1.00 X 0 0 0 WAYNE R LUEDERS 1.00 X 0 0 0 P MICHAEL MAHONEY 1.00 X 0 0 0 LAWRENCE W OLIVERSON 1.00 X 0 0 0 JILL G PELISEK 1.00 X 0 0 0 ANTHONY J PETULLO 1.00 X 0 0 0 SANDRA ROBINSON 1.00 X 0 0 0 JOE SANFELIPPO 1.00 X 0 0 0 RICHARD L SCHMIDT JR 1.00 X 0 0 0 SUZANNE L SELIG 1.00 X 0 0 0 DOROTHY M STADLER 1.00 X 0 0 0 MARY M STROHMAIER 1.00 X 0 0 0 CHRISTINE SYMCHYCH 1.00 X 0 0 0 FREDERICK VOGEL IV 1.00 X 0 0 0 BETH R WNUK 1.00 X 0 0 0 JEFFERY W YABUKI 1.00 X 0 0 0 ANGELA COLBERT 1.00 X 0 0 0 PHILIP FLYNN 1.00 X 0 0 0 JUDY JORGENSEN 1.00 X 0 0 0 DONALD LAYDEN 1.00 X 0 0 0 EILEEN MANDEL 1.00 X 0 0 0 ANDY NUNEMAKER 1.00 X 0 0 0 GAIL GROENWOLDT 1.00 X 0 0 0 MEL TRITTIN 1.00 X 0 0 0 SHELDON B LUBAR 1.00 X 0 0 0 DANIEL T KEEGAN 40.00 X 316925 0 8212 JANE ANN WOCHOS 40.00 X 121977 0 9463 BRADY M ROBERTS 40.00 X 144998 0 10059 VICKI ANN SCHARFBERG 40.00 X 117092 0 8843 MARY ALBRECHT 40.00 X 137725 0 5991 LAURIE WINTERS 40.00 X 105571 0 4840 944288 0 47408 6 0 1 0 MAHLER ENTERPRISES 600 NORTH BROADWAY SUITE 200 MILWAUKEE WI 53202 CLEANING SERVICE 208202 HGA SDS12-1861 PO BOX 86 MINNEAPOLIS MN 55486 ARCHITECTURAL CONSULTING 174326 THE SPONSOR PLACEMENT COMPANY 2002 200TH AVENUE UNION GROVE WI 53182 FUNDRAISING CONSULTANT 107151 3 1234326 463110 167715 256875 6219588 249856 8341614 ADMISSIONS/TOURS 900099 2198193 1821596 376597 EXHIBITION INCOME 900099 237592 237592 CLASS FEES 900099 171264 171264 SPECIAL EVENTS EXHIBIT 900099 78264 78264 OTHER PROGRAM SERVICE 900099 72083 72083 2757396 752936 752936 370196 1010025 -639829 -639829 -639829 36200410 35434565 765845 765845 765845 523049 463110 856081 -333032 -333032 3455133 2701207 753926 940962 -187036 OTHER INCOME 900099 266623 266623 COMMERICAL PHOTO 900099 33450 33450 CATERING 900099 24148 24148 11323 11323 335544 12734400 3588384 -757944 1562346 480351 480351 5123236 4313176 326888 483172 132851 89071 30029 13751 600254 534042 22802 43410 499191 395162 69332 34697 328888 42736 137217 148935 934121 928204 5917 1163671 1119743 36714 7214 309771 281389 28379 3 141008 91567 28060 21381 2811315 2228720 582595 153022 62076 90946 PURCHASES OF ART 1620344 1620344 EXHIBITION EXPENSES 1295915 1295915 PROGRAM EXPENSE 240308 240308 BANK/CREDIT CARD FEES/T 143984 82012 27871 34101 404995 224849 22201 157945 16383225 13549314 1883385 950526 902664 743680 4055539 1780781 307766 269546 385038 437132 303056 583042 118320378 36611730 83493185 81708648 41474976 42905598 879113 872285 131801337 129300712 1542758 879885 274650 406879 1817408 1286764 X 87076181 85521363 21317979 20145747 21589769 22346838 129983929 128013948 131801337 129300712 X -3648825 1678844 X 0 1 1 X 0 X 10084947 13503175 13522153 9641824 8341614 55093713 538667 565333 579667 595000 626668 2905335 10623614 14068508 14101820 10236824 8968282 57999048 22985145 35013903 1465561 713884 887391 821120 752936 4640892 653509 653509 63293449 21902749 0.55320 0.58750 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 30268902 432877 2987454 1354794 32334439 27741129 647969 3462019 1582215 30268902 24434720 2113524 1929886 737001 27741129 27071683 118280 -1517432 1237811 24434720 0.03000 0.69000 0.28000 1 0 95352427 21444358 73908069 17547146 10624187 6922959 5183850 4543185 640665 236955 236955 81708648 CASH AND CASH EQUIVALENTS 7080810 F COMMON AND PREFERRED STOCK 15618596 F U.S. GOVERNMENT OBLIGATION 5956220 F U.S. GOVT AGENCY OBLIGATION 3919347 F CORPORATE DEBT SECURITIES 5085465 F SHORT-TERM BONDS - INSTITUTIONAL 5245160 F 42905598 12734400 16383225 -3648825 1678844 1678844 -1969981 18056613 1678844 626668 3016701 5322213 12734400 0 12734400 20026594 626668 3016701 3643369 16383225 0 16383225 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ART MUSEUM HAS RECEIVED VARIOUS ENDOWMENT GIFTS FOR WHICH THE DONORS HAVE STIPULATED THAT THE GIFT AMOUNT BE INVESTED AND MAINTAINED PERMANENTLY TO GENERATE ANNUAL INCOME THAT BENEFITS THE ART MUSEUM FOR A VARIETY OF PURPOSES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: IN ORDER TO ACCOUNT FOR ANY UNCERTAIN TAX POSITIONS, THE ART MUSEUM DETERMINES WHETHER IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION ON THE TECHNICAL MERITS OF THE POSITION, ASSUMING THE TAXING AUTHORITY HAS FULL KNOWLEDGE OF ALL INFORMATION. IF THE TAX POSITION DOES NOT MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD, THE BENEFIT OF THAT POSITION IS NOT RECOGNIZED IN THE FINANCIAL STATEMENTS. THE ART MUSEUM HAS RECORDED NO ASSETS OR LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS. TAX RETURNS FOR THE YEAR ENDED AUGUST 31, 2009 AND ALL SUBSEQUENT YEARS REMAIN SUBJECT TO EXAMINATION BY THE APPLICABLE TAXING AUTHORITIES. PART XII, LINE 2D - OTHER ADJUSTMENTS: CAFE EXPENSE 1,128,812. RENTAL EXPENSE 929,610. FOA DONATION TRANSFER 102,199. SPECIAL EVENT EXPENSE 856,080. PART XIII, LINE 2D - OTHER ADJUSTMENTS: CAFE EXPENSE 1,128,812. RENTAL EXPENSE 929,610. FOA DONATION TRANSFER 102,199. SPECIAL EVENT EXPENSE 856,080. X X X X X X 1 SPONSORSHIP PLACEMENT (KATHY EMERY) 2002 200TH AVE UNION GROVE WI 53182 DEVELOPMENT CONSULTANT/ONSITE STAFF 0 0 107151 -107151 SPONSORSHIP PLACEMENT (DIANE OSTROWSKI) 2002 200TH AVE UNION GROVE WI 53182 DEVELOPMENT CONSULTANT/ONSITE STAFF 0 0 28097 -28097 135248 -135248 WI LAKEFRONT FESTIVAL OF ARTS 646838 210825 436013 10500 2000 16749 40314 17610 361829 BAL DU LAC/OTHER FOA 207246 139460 67786 1260 65005 27485 83343 1 132075 112825 19250 80909 7555 141522 986159 463110 523049 10500 2000 18009 186228 52650 586694 856081 -333032 X X X X X 0 0 0 0 0 0 0 0 0 DANIEL T KEEGAN 316925 0 0 0 0 0 0 0 8212 0 325137 0 0 0 BRADY M ROBERTS 144998 0 0 0 0 0 5870 0 4189 0 155057 0 0 0 RICHARD SCHMIDT PRESIDENT AND CEO OF CG SCHMIDT INC BOARD MEMBER AND FACILITY COMMITTEE MEMBER 357528 CONSTRUCTION - EDUCATION CENTERS 0 X 548 0 X 31 249857 FAIR MARKET VALUE 15 0 1 0 NON REPORTING OF REVENUE: PART I, LINE 33: VALUE OF DONATED ITEMS IS NOT MATERIAL TO STATED REVENUE, AND WOULD RESULT IN THE RECORDING OF AN UNBUDGETED EXPENSE IF REVENUE WAS RECORDED. FORM 990, PART VI, SECTION A, LINE 2 TRUSTEES JOAN LUBAR AND MARIANNE 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 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 B, LINE 11 FORM 990 IS REVIEWED BY THE CFO, AND COPIES ARE DISTRIBUTED TO THE FINANCE AND AUDIT COMMITTEES OF THE BOARD, PRIOR TO FILING. 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. THE BOARD APPOINTS A DISINTERESTED MEMBER, OR A COMMITTEE, TO EVALUATE THE TRANSACTION, AND DETERMINE THE RESOLUTION OF THE CONFLICT. 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 HR 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 AAMD 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 HR COMMITTEE RECORDS. FOR VACANT POSITIONS, THE HR 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 MAM'S WEBSITE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,678,844. MILWAUKEE ART MUSEUM LLC 700 N ART MUSEUM DRIVE MILWAUKEE WI 53202 CONTRACTING WITH A RESTAURATEUR AND ACQUIRING LICENSES WI MILWAUKEE ART MUSEUM INC