2013-05-10T15:39:03-07:00 2012-06-30 990 2011-07-01 381359510 THE DETROIT INSTITUTE OF ARTS DETR 3138339712 5200 Woodward Avenue Detroit MI 482024008 Robert Bowen 3138331715 2013-05-10 2011 2016-02-24 21:20:13Z Graham W J Beal 5200 Woodward Detroit MI 482024008 36365594 0 X www.dia.org X 1885 MI The DIA creates experiences that help each visitor find personal meaning in art. 45 45 358 757 205298 199772 43911940 25211759 2197203 2797713 10304551 5562244 538723 906667 56952417 34478383 0 0 0 0 14242630 14637308 150115 134397 2895232 20647512 17177830 35040257 31949535 21912160 2528848 194322686 193793858 12060642 17678582 182262044 176115276 The DIA creates experiences that help each visitor find personal meaning in art. 0 0 6764014 0 1259644 Exhibition and Collection Strategies: The division of Exhibition and Collection Strategies encompasses all exhibition activity, collections care and support, creation, upgrading and maintenance of 150,000 square feet of permanent collection galleries. Expenses for exhibition projects include organizer's fees, shipping and insurance costs, construction and installation costs, marketing and payroll costs for temporary exhibitions staff (security and visitor reception) and are paid for using restricted funds designated for exhibitions. Exhibitions provide an incentive for museum membership and drive traffic for cafe, museum shop and event revenue. Nearly all DIA staff participates in some aspect of exhibition work, coordinated by the manager of exhibitions who also oversees contractual exhibition design. Collections Management oversees the creation, maintenance, repairs and improvements of the permanent collections galleries and all art movements for loans, conservation and periodic rotations of the collections in the permanent galleries. Collections Management also oversees art storage, day-to-day monitoring of the collections and location/inventory control. Approximately 80% of the permanent collection is cared for in on-premise storerooms. The Registrar's office is responsible for the maintenance of collections records, the administration of all incoming and outgoing loans of art, and the accessions of art into the collections and deaccessions from the collections, in compliance with rigorous collections management policies. Photography creates publication quality photographs of the collection (now digital files), manages photographic records, manages rights and reproduction requests and provides some event photography services. The Publications function oversees the editing and production of permanent collection gallery and exhibition labels and interpretive media, edits museum ephemera, and produces all museum publications such as collection and exhibition catalogues. Conservation oversees treatment, repair and restoration of the permanent collections and monitors the physical condition of the collections and the environment in which it is displayed and stored. Conservation also examines all outgoing loans from the collection and all incoming loans for special exhibitions. Overall, Exhibitions and Collections Strategies attend to the core functions of the art museum: stewardship of the permanent collections and the means of presenting the collections and exhibitions to visitors of the DIA. The DIA refurbished and rebuilt the Robinson Gallery in the spring of 2012 with a completely new installation of contemporary glass. The DIA held the following exhibitions during FY 11-12 - It's a Zoo in Here! Prints and Drawings of Animals, March 23, 2011 to October 16, 2011, Gift of a Lifetime: The James Pearson Duffy Collection, September 14, 2011 to March 18, 2012, Detroit Revealed: Photographs 2000-2010, October 16, 2011 to April 29, 2012, Rembrandt and the Face of Jesus November 20, 2011 to February 12, 2012, Once Upon a Time: Prints and Drawings that Tell Stories, December 21, 2011 to May 13, 2012, Seventy Fifth Annual Detroit Public Schools Student Exhibition, April 28, 2012 to June 3, 2012, Patti Smith: Camera Solo June 1, 2012 to September 2, 2012, Five Spanish Masterpieces, June 21, 2012 to August 19, 2012 4401114 0 364470 Marketing and Museum Programs: In FY 11-12, the Communications and Marketing Department continued to support museum programs and exhibitions through coordinated marketing efforts including paid advertising, online/social media platforms, direct mail, partnerships, email marketing and media relations. The major exhibition during the FY was Rembrandt and the Face of Jesus. The department also supported a number of small exhibitions, including It's a Zoo in Here! Prints and Drawings of Animals, Gift of a Lifetime: The James Pearson Duffy Collection, Detroit Revealed: Photographs 2000-2010, Once Upon a Time: Prints and Drawings that Tell Stories, Detroit Public Schools Student Exhibition, Patti Smith: Camera Solo and Five Spanish Masterpieces. The department also promoted ongoing museum programs such as Friday Night Live, Brunch with Bach, Family Sundays, Black History Month, and special events such as Museum Mystery Tours. The museum's award-winning brand campaign appeared in television ads, radio spots, print advertising, online advertising and billboards. The Public Programming Department scheduled and presented a full menu of public programming designed to engage museum visitors of all ages. The department continued to oversee the popular Friday Night Live program, bringing an array of local and national musical talent to perform in the museum. Weekend programs for families offered everything from artist demonstrations to puppet shows and storytelling. The department also scheduled programming to complement museum exhibitions and supported the Inside|Out program, bringing reproductions of museum works to communities throughout the region. The department also programmed two seasons of the Detroit Film Theater, featuring the best in art films and independent cinema. 4316079 0 0 Acquisitions: Acquisitions relate to the acquiring of art by purchase and by gift. Due to the fact the works of art belong to the City of Detroit, the DIA policy is to expense the entire amount at the time of purchase or gift. During fiscal year 2011-2012, the DIA purchased 62 items totaling $1,846,673 and received 219 gifts of works of art totaling $2,469,407. Each acquisition was accessioned into the DIA's permanent collection. All acquisitions are reviewed by the Collections Committee and approved by the Board of Directors and are paid for using restricted funds designated for the acquisition of art. 2860239 0 34500 Curatorial Services: Includes the efforts of our curatorial and library staff. The curatorial staff has primary responsibilities for the art collection, its presentation and development/support of special exhibitions. The research library has been an integral part of the museum since the late 19th century and serves the art historical needs of the museum staff, scholars, students and the general public. The collection contains more than 190,000 volumes and subscribes to 120+ periodicals. 2435835 0 0 Capital Projects: Capital projects are those projects that typically increase the longevity of the facility and the preservation of the art collection. The facility is owned by the City of Detroit so capital related costs are expensed by the DIA as incurred. These costs are paid for using restricted funds designated for capital purposes. Capital projects are reviewed by the Building Committee of the Board of Directors. During FY 11-12 the DIA completed a building audit to identify major capital improvements that will be required over the next ten years. During the year, the DIA installed a public address system, wireless access throughout the facility, and a new phone system. Projects started during the year that will be completed in the following fiscal year include major improvements to the auditorium and Crystal Gallery. In addition, the John R stairs and Woodward retaining wall are undergoing major restoration efforts. The DIA also is in the process of completing a major renovation to its roof. 1878423 0 0 Learning & Interpretation: Interpretation of the permanent collections and special exhibitions comprises tours, outreach programs, teacher programs, studio programs, studio classes, and ongoing training and management of 200 teaching volunteers. During FY 11/12, approximately 52,300 visitors participated in tours and gallery talks, 20,700 visitors participated in outreach programs, 200 visitors participated in teacher programs, 35,000 visitors participated in studio programs including 1,300 visitors participating in studio classes. Interpretive Programs Highlights: The DIA's baseline programs include guided tours for students in grades 3-12, daily drop-in tours for visitors of all ages and specially arranged group tours. During the year, 51,000 students were served by DIA programs. The Thinking through Art program provides multiple visits to classrooms using the Visual Thinking Strategies method of promoting cognitive skill development though discussion about art. This year we had 6,000 contacts with students in the 4-county region. The Art Discovery Program, which offers multiple visits to the museum for grades 3-4 for selected schools in Detroit and Hamtramck, provided 3,770 student contacts. A range of other studio programs, including drop-in workshops, drawing sessions in the gallery, summer camps and workshops for community groups served 34,000 people. As part of our customer service, we offer a program to tailor visits for families during the summer. This year we provided the service to an audience of 3,200. Interpretive Media Highlights: Interpretive specialists created 25 new child-friendly Eye Spy interactives for the permanent galleries and the contemporary craft gallery was installed with new interpretation. Interpreted exhibitions included: Detroit Revealed and Patti Smith: Camera Solo. A small exhibition of DIA decorative arts was installed at Macomb Community College, and Five Spanish Masterpieces highlighted one of the DIA's Picasso paintings. During interpretive planning for Rembrandt and Face of Jesus, the interpretive specialists initiated and facilitated more than a dozen presentations to 30+ members of the cultural and religious organizations in the region, including the Interfaith Leadership Council, the Jewish Federation, the Archdiocese of Detroit, and others. These consultations were designed to ensure that the exhibition interpretation was inclusive and available to visitors of any background. They informed the development of engaging labels, audio tour, and videos and also helped build bridges to diverse community members and their constituencies. 745434 0 416741 Enterprise Activities: Consists of retail gift shop, cafe, catering and Crystal Gallery. 670816 0 0 Volunteer Programming: Volunteers will always have a positive impact on the visitor experience at the DIA. Their presence is felt in every aspect of our daily operation. During FY 11-12 there were approximately 740 Volunteer Council members who contributed 74,890 hours to the DIA. 555539 0 0 Support Groups and Auxiliaries: The DIA has 11 auxiliaries and support groups. Each group offers its members exciting opportunities to explore common interests, develop new tastes, make new friends, learn about collecting and become personally involved in the life and support of the museum. Open exclusively to DIA members, auxiliaries offer behind the scenes experiences, private viewings of galleries and special exhibitions and extraordinary trips. Auxiliaries are also involved in fund raising for special museum projects and the acquisition of art for the DIA's world renowned collection. 214722 0 2745 Group Sales:Group Sales provide touring services to groups of 15 people or more. The DIA offers a direct phone line or website bookings. Group Sales is affiliated with several tour operator organizations, American Bus Association, Ontario Motor Coach, Circle Michigan and the Detroit Metropolitan Convention and Visitor Bureau and attends 3-4 trade show and conferences per year to encourage new tour operators to book the DIA. Proactive prospecting of new tour business is a daily function of the Group Sales Department. Customized tours are available; each group arrival is personally welcomed to the DIA to ensure visitor satisfaction. Groups are reserved in advance and paid in full in advance of their arrival. A customer service satisfaction survey is sent to every group planner to gauge satisfaction levels. A very strong focus is placed on increasing the group attendance in Special Exhibitions. Group Sales hosts DIA Familiarization Tours for local community leaders that are in designated market specific areas of interest per exhibition. Group Sales actively participates in Community Outreach. Hotel Packages: The Group Sales Department is responsible for the museum hotel package. As of June 30, 2012, the DIA currently has 15 preferred hotel partners. Hotels purchase advance admission tickets and create a package with their overnight accommodations. Some offer transportation to and from the museum and a welcome amenity that is pre-purchased from the museum gift shop. We also offer hotel information on the DIA website that links directly to the hotel reservation system. 0 0 719613 General Admissions: The museum requires a modest general admission of $8 per adult, $6 per senior, $4 per youth (ages 6-17) and $5 per college student. Admissions for members continue to be free. Visitors to the museum have the opportunity to view the permanent collection in the galleries, participate without additional charge in many diverse activities including lectures, musical performances, drop-in workshops, docent led and audio self-guided tours. A limited number of exhibitions require an entry fee that includes general admission to the museum. 9361008 0 1173599 24842215 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 1 0 0 0 0 1 185 0 1 358 1 1 1 0 0 0 0 1 1 0 0 0 0 X 45 45 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MI X X The Detroit Institute of Arts 3138339712 5200 Woodward Ave Detroit MI 482024008 Eugene A Gargaro Jr 20 X 0 0 0 Richard M Gabrys 3 X 0 0 0 John D Lewis 3 X 0 0 0 Amanda Van Dusen 3 X 0 0 0 Hon Charles W Anderson III 2 X 0 0 0 Jeffrey T Antaya 3 X 0 0 0 Tina Bassett 3 X 0 0 0 Charles Becker 2 X 0 0 0 Yvette Bing 1 X 0 0 0 Hon Susan D Borman 2 X 0 0 0 Cynthia Brinkley 1 X 0 0 0 Howard W Burdett Jr 2 X 0 0 0 Mark Davidoff 1 X 0 0 0 Ethan Davidson 2 X 0 0 0 Mark Douglas 2 X 0 0 0 Maria C Bringer Duey 2 X 0 0 0 Nicole Eisenberg 2 X 0 0 0 Eleanor B Ford 2 X 0 0 0 Mary Ann Gorlin 1 X 0 0 0 Saul A Green 2 X 0 0 0 David M Hempstead 2 X 0 0 0 James Jacobs 1 X 0 0 0 Robert B Jacobs 2 X 0 0 0 Chacona Johnson 1 X 0 0 0 Bonnie Larson 2 X 0 0 0 David E Meador 3 X 0 0 0 Dr Ali Moiin 1 X 0 0 0 Reuben A Munday 3 X 0 0 0 Mark E Neithercut 2 X 0 0 0 Juliette Okotie-Eboh 1 X 0 0 0 Peter Oleksiak 1 X 0 0 0 Alex Parrish 1 X 0 0 0 Cynthia Pasky 1 X 0 0 0 Meryl Podolsky 1 X 0 0 0 Dr Glenda D Price 2 X 0 0 0 Marc Schwartz 2 X 0 0 0 Sandra Seligman 2 X 0 0 0 Suzanne Shank 1 X 0 0 0 Thomas W Sidlik 2 X 0 0 0 Dr Lorna Thomas 2 X 0 0 0 Ambassador Ronald Weiser 2 X 0 0 0 Reginald Turner 1 X 0 0 0 Rhonda Welburn 2 X 0 0 0 Janis Wetsman 2 X 0 0 0 Henry Wineman III 2 X 0 0 0 Graham W J Beal 40 X 425876 0 29577 Annmarie Erickson 40 X 245379 0 25423 Robert Bowen 40 X 87784 0 573 Margaret Falcon 40 X 148385 0 19221 Elliott Broom 40 X 137716 0 13784 Kenneth Myers 40 X 126269 0 21455 Rob MacGregor 40 X 116498 0 18004 Sondra Jenkins 40 X 112178 0 11950 Loren N Lau 40 X 141720 0 15244 David Penney 40 X 104823 0 8513 1646628 0 163744 12 1 1 0 The OAS Group Inc 1748 Northwood Troy MI 48084 IT Consultants 392870 Honigman Miller Schwartz and Cohn 2290 First National Building Detroit MI 48226 Legal Services 189507 Nova Consultants 21580 Novi Road Suite 300 Novi MI 48375 Construction 128409 Ernst & Young LLP One Kennedy Square - Suite 1000 777 Woodward Avenue Detroit MI 482265495 Assurance Services 100500 4 0 4371830 791640 0 1419788 18628501 1190089 25211759 EXHIBITIONS AND COLLECTION STRATEGIES 712100 1259644 1259644 0 0 GENERAL ADMISSIONS 712100 719613 719613 0 0 ENTERPRISE ACTIVITIES 712100 416741 416741 0 0 MARKETING AND MUSEUM PROGRAMS 712100 364470 364470 0 0 CURATORIAL SERVICES 712100 34500 34500 0 0 2745 2745 0 0 2797713 4217893 4012595 205298 0 0 0 0 0 0 0 0 0 137242 0 0 0 137242 0 137242 137242 0 0 1303451 40900 0 0 1303451 40900 1344351 1344351 0 0 484480 791640 484480 0 0 0 0 0 0 0 0 0 2060030 1402731 657299 657299 0 0 112126 112126 0 0 112126 34478383 9061326 205298 0 0 0 0 0 0 0 0 0 900759 0 900759 0 0 0 0 0 10717161 8053014 1303310 1360837 129489 89756 24566 15167 2086173 1446040 395774 244359 803726 557106 152477 94143 0 0 0 0 250108 79596 158818 11694 207024 0 207024 0 0 0 0 0 134397 134397 0 0 0 0 551402 421379 97162 32861 2234179 2119157 2910 112112 795006 388790 33726 372490 546855 97489 404229 45137 0 0 0 0 104194 104194 0 0 256874 236632 9426 10816 0 0 0 0 20379 10192 10187 0 63368 0 63368 0 0 0 0 0 18785 15968 2817 0 314137 236983 77154 0 Art Acquisitions 4316079 4316079 0 0 Utilities and Telephone 1899892 1850770 48971 151 Capital Expenditures 1657808 1657808 0 0 Equipment and Facilities Maintenance 905722 852808 119 52795 3036018 2308454 319291 408273 31949535 24842215 4212088 2895232 0 0 20255833 16176809 14993679 11231948 603234 842788 0 155832 0 0 442514 375258 114060 199092 2486977 1934919 661084 552058 0 157252282 164260073 194322686 193793858 2733062 1831186 844468 727000 667 8482445 15120396 12060642 17678582 X 85751363 72550111 48693712 53517441 47816969 50047724 182262044 176115276 194322686 193793858 X 2528848 -8675616 X 0 1 1 X 1 1 X 43966967 28673177 24650907 43911940 25211759 166414750 0 0 0 0 0 0 0 0 0 0 0 0 43966967 28673177 24650907 43911940 25211759 166414750 76864439 89550311 5107691 4814014 4151278 3972322 4217893 22263198 0 0 0 0 0 0 0 0 0 0 0 0 188677948 0.47462 0.45113 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 786782 786782 31162753 31949535 1000000 250000 0 0 0 0 1000000 1000000 2000000 3000000 0 0 111170 786782 897952 0 0 250000 250000 500000 750000 0 0 0 0 0 0 0 X X X X 1 132293179 7241693 4784546 0 5692046 0 138627372 118925070 645855 12361620 0 -360634 0 132293179 103684833 3921764 7953047 0 -3365426 0 118925070 112638362 3335963 -12318076 0 -28584 0 103684833 0.42 0.36 0.22 1 0 0 0 0 0 0 0 0 0 0 0 0 0 602972 579898 23074 0 1884005 1355021 528984 552058 0 0 Stock, bonds, mutual funds and alternative investments 164260073 F 164260073 99347 Unfunded Pension Plan Obligation 11032198 Post Retirement Healthcare Obligation 2263661 Accrued Payroll and Other Employee Benefits 1725190 15120396 34478383 31949535 2528848 -374566 0 0 0 -8301050 -8675616 -6146768 34731135 -374566 1209498 0 1887227 2722159 32008976 0 2469407 2469407 34478383 32576871 1209498 0 0 1887245 3096743 29480128 0 2469407 2469407 31949535 SchD_P03_S00_L01 Schedule D, Part III, Line 1 In conformity with allowable museum financial statement presentation practice, the value of the art collection is excluded from the statement of financial position. Title to art objects purchased by or donated to the DIA is offered to the City's Arts Department, and title is transferred when accession to the permanent collection has been approved by the Board and the Arts Commission of the City. SchD_P03_S00_L04 Schedule D, Part III, Line 4 The DIA's collection is held for educational, research and curatorial purposes. SchD_P05_S00_L04 Schedule D, Part V, Line 4 Income earned on endowment funds is used to further the mission of the DIA including funding for a variety of activities which are both restricted and unrestricted in nature. These activities include, but not limited to, operations, staff positions, art acquisitions, etc. SchD_P10_S00_L02 Schedule D, Part X, Line 2 ASC 740-10, Income Taxes, clarifies the accounting for uncertainty in income tax positions recognized in financial statements. This guidance requires that realization of an uncertain tax position must be "more likely than not" before it can be recognized in the financial statements. Effective July 1, 2009, the DIA adopted this guidance. The adoption did not have a material impact on the DIA's financial position or results of operations. There are no material changes in the DIA's unrecognized income tax position as of June 30, 2012. The DIA does not expect an increase or decrease in unrecognized tax benefits within the next 12 months. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Other changes in net assets include an increase in unfunded pension plan obligation of ($7,582,258), change in postretirement healthcare obligation of ($718,774) and rounding ($18) SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Expenses of special events and activities of $484,480, cost of goods sold $1,402,731 and rounding $16 SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Gifts of works of art $2,469,407 SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Expenses of special events and activities of $484,480, cost of goods sold $1,402,731 and rounding $34 SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Gifts of works of art $2,469,407 X X X X X X X 1 Ruffalo Cody PO BOX 3048 CEDAR RAPIDS IA 52406 Primarily membership renewal calling activity. 0 414073 57105 356968 PHONE BANKS 4990 NORTHWIND DRIVE SUITE 235 EAST LANSING MI 48823 Primarily dropped member calling activity 0 73997 29292 44705 REMINGTON GROUP 21820 DOVER COURT BEVERLY HILLS MI 48025 Professional fundraising consultant 0 0 48000 -48000 488070 134397 353673 MI GALA - ART STARS 1046625 0 1046625 0 0 0 96483 26825 258598 FASH BASH 117245 0 117245 0 0 0 26643 960 14273 1 112250 0 112250 0 0 0 21500 3600 35598 1276120 0 1276120 0 0 0 144626 31385 308469 484480 791640 X X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 Graham W J Beal 380000 0 35000 0 10876 0 0 0 29577 0 455453 0 Annmarie Erickson 215379 0 30000 0 0 0 0 0 25423 0 270802 0 Margaret Falcon 147385 0 1000 0 0 0 0 0 19221 0 167606 0 Loren N Lau 141720 0 0 0 0 0 0 0 15244 0 156964 0 Elliott Broom 137716 0 0 0 0 0 0 0 13784 0 151500 0 David Penney 104823 0 0 0 0 0 0 0 8512 0 113335 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a As Director for the museum, Graham W J Beal attends a limited number of professional conferences or critical fund raising events which have a critical spousal component. In such cases, spousal travel is paid for by the organization. The Director received a paid membership to three business clubs, which allow him to connect with other leaders in the business community and the private sector. The Director also has access to a discretionary fund for use in the normal course of business. The discretionary fund consists of designated contributions from DIA patrons and miscellaneous honorariums for the Director. Documentation of all such charges to the discretionary fund are reviewed and approved by the CFO and the accounting department. SchJ_P01_S00_L03 Schedule J, Part I, Line 3 The positions of Museum Director President and CEO and Executive Vice President and COO enter into an employment agreement. GRAHAM W J BEAL HOUSING X 155832 155832 0 1 1 155832 DTE Energy David E Meador serves as Executive Vice President, CFO and is a Board Member at the DIA 156019 Payment for gas and electricity 0 DTE Energy Peter Oleksiak serves as Senior VP, Finance and on the DIA Board of Directors 156019 Payment for gas and electricity 0 X 219 2469407 Donor state value X 4873 Donor stated value X Inkind gift for NAIAS space rental & show floor access 1 45000 Donor stated value X Various in-kind donations for various purposes 11 6699 Donor stated value 13 0 1 1 SchM_P01_S00_L32b Schedule M, Part I, Line 32b The DIA uses auction houses (primarily Sotheby's and Christie's) to sell gifts of works of art not accepted into the collection. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The process used by the DIA to review the Form 990 with its governing body is as follows: 1 - The initial draft is completed by a Senior Accountant and then reviewed with the CFO. 2 - An in depth review is scheduled with the DIA Executive Vice President and COO and the Museum Director and CEO. 3 - After completing staff reviews, a comprehensive review is scheduled with a Board of Directors subcommittee consisting of the Board Chair, the Vice Chair, the Finance Committee Chair, the Audit Committee Chair and the Governance and Nominating Committee Chair. 4 - After completion of the Board subcommittee review, the Form 990 is made available to all Board Members in advance of efiling. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The DIA's conflict of interest policy is provided to all staff upon joining the DIA. This policy is part of the DIA Professional Practices Guidelines. All staff members are required to sign they have read, understood and agree to abide by the guidelines. The conflict of interest policy is further reinforce in the DIA Purchasing Policy and Procedure Manual. Both documents are available online and are distributed to staff any time updates or changes are made. DIA Board Members provide an annual update of relationships and affiliations which are reviewed to determine potential conflicts of interest. As part of the annual audit, a thorough review of staff and Board affiliations and transactions is conducted to ensure all are in compliance with DIA policy. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The compensation of the DIA's Director/CEO and Executive Vice President/COO is determined by contract, and is established annually, after review and discussion by a board subcommittee consisting of the Board Chair and the chairs of the Human Resources and Finance committees. The Director's compensation is based upon performance versus established goals. Compensation for the other officers and key employees is first determined through comparability data from the Association of Art Museum Directors (AAMD) annual salary survey and other sources, consideration of local market conditions, and a comprehensive performance evaluation process. Any new hire or change to existing compensation must then be then approved by the Director or Executive Vice President, the CFO and the Executive Director of ODHR. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The audited financial statements and Form 990 are posted to the institution's website. Governing documents and conflict of interest policy are made available upon request by the public. F990_P11_S00_L05 Form 990, Part XI, Line 5 Increase in Unfunded Pension Plan Obligation ($7,852,258), Change in postretirement healthcare Obligation ($718,774), Net Unrealized loss on investments ($374,566), Rounding ($18) FSDIA Acquisition Co 5200 Woodward Avenue Detroit MI 48202 383416266 Investment company MI The Detroit Institute of Arts C -106643 1000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0