2013-11-12T10:33:31-06:00 2012-12-31 352123203 KSM BUSINESS SERVICES INC PO BOX 40857 INDIANAPOLIS IN 462400857 990 2012-01-01 311139447 EITELJORG MUSEUM OF AMERICAN INDIANS AND WESTERN ART INC EITE 3176369378 500 W WASHINGTON ST INDIANAPOLIS IN 46204 JOHN VANAUSDALL 3176369378 2013-10-30 1 SCOTT A SCHUSTER P00019243 3175802000 2013-10-30 2012 2016-02-24 21:20:13Z JOHN VANAUSDALL 500 W WASHINGTON ST INDIANAPOLIS IN 46204 31553760 0 X WWW.EITELJORG.ORG X 1985 IN TO INSPIRE AN APPRECIATION AND UNDERSTANDING OF THE ART, HISTORY AND CULTURES OF THE AMERICAN WEST AND THE INDIGENOUS PEOPLES OF NORTH AMERICA. THE EITELJORG MUSEUM COLLECTS AND PRESERVES WESTERN ART AND NATIVE AMERICAN ART AND CULTURAL OBJECTS OF THE HIGHEST QUALITY, AND SERVES THE PUBLIC THROUGH ENGAGING EXHIBITIONS, EDUCATIONAL PROGRAMS, CULTURAL EXCHANGES, AND ENTERTAINING SPECIAL EVENTS. 33 33 88 493 -6808 -6808 4369202 7314717 363968 410486 2012869 1775692 702430 541452 7448469 10042347 127000 0 0 0 3391881 3411312 0 0 645754 5797141 5233793 9316022 8645105 -1867553 1397242 63256865 66868422 23017249 23027935 40239616 43840487 X TO INSPIRE AN APPRECIATION AND UNDERSTANDING OF THE ART, HISTORY AND CULTURES OF THE AMERICAN WEST AND THE INDIGENOUS PEOPLES OF NORTH AMERICA. THE EITELJORG MUSEUM COLLECTS AND PRESERVES WESTERN ART AND NATIVE AMERICAN ART AND CULTURAL OBJECTS OF THE HIGHEST QUALITY, AND SERVES THE PUBLIC THROUGH ENGAGING EXHIBITIONS, EDUCATIONAL PROGRAMS, CULTURAL EXCHANGES, AND ENTERTAINING SPECIAL EVENTS. 0 0 5207860 EXHIBITIONS STEEL PONIES: MOTORCYCLES AND THE AMERICAN WEST (MARCH AUGUST) SET A RECORD FOR ATTENDANCE AT AN EXHIBITION (70,000 OVER 6 MONTHS) INCLUDING VISITORS FROM NEW DEMOGRAPHICS. PROGRAMMING WAS DEEP, DIVERSE AND ATTENDANCE-DRIVING: FOR EXAMPLE, JEAN DAVIDSON, GRANDDAUGHTER OF ONE OF THE ORIGINAL FOUNDERS SHARED BEHIND-THE-SCENES STORIES OF THE BEGINNING OF HARLEY-DAVIDSON; DANIEL SANCHEZ, FROM CUT THROAT CUSTOMS; STEEL PONIES SIGNATURE ARTIST, JIM YELLOWHAWK (APACHE); ED YOUNGBLOOD, (AMERICAN MOTORCYCLIST ASSOCIATION), HISTORY OF INDIAN AND HARLEY-DAVIDSON MOTORCYCLES; THE EITELJORG WAS A STOP ON ALL THE POKER RUNS FOR THE 2012 MIRACLE RIDE WITH MORE THAN 1,600 RIDERS AND COMPANIONS COMING BY THE MUSEUM; THE MUSEUM HOSTED A BIKE SHOW WITH 60+ BIKES ROLLING INTO THE CHRISTEL DEHAAN TERRACE PROVIDING QUITE A SHOW FOR MORE THAN 800 VISITORS. THE EITELJORG'S ANNUAL QUEST FOR THE WEST (SEPTEMBER OCTOBER 2012) IS A THIRTY-DAY SALES SHOW. THIS EVENT FEATURES WORK BY SOME OF THE BEST LIVING WESTERN REALISTS IN THE COUNTRY, WHOSE PARTICIPATION IN OPENING WEEKEND EVENTS IS NEARLY CERTAIN. THIS COMBINED WITH NATIONAL PRESS IN THE LEADING WESTERN FINE ARTS MAGAZINES HELPED ATTRACT RECORD CROWDS OPENING WEEKEND IN 2012. RADER KATSINA COLLECTION (FEBRUARY MAY, 2012), AN EXHIBIT IN THE PAUL GALLERY FEATURED A COLLECTION OF CONTEMPORARY HOPI KATSINAS DONATED BY BECKY AND TERRY RADER, CONSIDERED ONE OF THE MOST IMPORTANT COLLECTIONS OF CONTEMPORARY KATSINA AND A LANDMARK CONTRIBUTION TO THE EITELJORG. NATIONAL GEOGRAPHIC PHOTOGRAPHS THE AMERICAN WEST (OCTOBER, 2012 - JANUARY, 2013) WITH ITS STRONG FAMILY APPEAL, THIS WAS SCHEDULED WITH JINGLE RAILS, AND RECORD CROWDS RESPONDED, WITH MORE THAN 50,000 PEOPLE VISITING THE MUSEUM BETWEEN OCTOBER AND DECEMBER. FOR THE FIRST TIME, THE EITELJORG CONTEMPORARY ART FELLOWSHIP EXHIBITION TRAVELED BEYOND INDIANA. WE ARE HERE: THE EITELJORG CONTEMPORARY ART FELLOWSHIP WAS FEATURED AT THE SMITHSONIAN'S NATIONAL MUSEUM OF THE AMERICAN INDIAN IN NEW YORK CITY MAY THROUGH AUGUST 2012, SOLIDIFYING EITELJORG CLAIMS TO THE FIELD. 707240 PUBLIC PROGRAMSTHE EITELJORG MUSEUM HAS MANY EDUCATIONAL AND PUBLIC PROGRAMS INCLUDING ARTISTS IN RESIDENCE (AIR) WHICH ARE VISUAL AND PERFORMING NATIVE ARTISTS, STORYTELLERS AND TRADITIONAL CULTURE BEARERS FROM ACROSS THE UNITED STATES AND CANADA. THEIR MONTH- AND WEEK-LONG RESIDENCIES ARE SPENT ON-SITE AND IN THE COMMUNITY. THEY TIE IN TO PUBLIC PROGRAMS AND SPECIAL EVENTS INCLUDING INDIAN MARKET & FESTIVAL, WESTFEST, WOMEN IN ART MARKET, WINTER MARKET, KAYA DAY, BEAD BONANZA, GARDEN DAY, NAVAJO DAY, MIAMI DAY, DELAWARE DAY, NATIVE AMERICAN DRUM CIRCLE, LAS POSADAS, AND INDIANAPOLIS' CANAL FAMILY FEST. ARTISTS IN RESIDENCE COMBINED WITH OUTREACH, MULTIMEDIA COMPONENTS, TRANSPORTATION AND MUSEUM VISITS COMPOSE THE EITELJORG ARTISTS ENGAGING COMMUNITY (EAEC) PROGRAM, IN WHICH CULTURALLY-DIVERSE NATIVE AMERICAN ARTISTS GO BEYOND THE WALLS OF THE MUSEUM, TAKING THE ARTISTS-IN-RESIDENCE PROGRAMS TO UNDERSERVED AUDIENCES IN CENTRAL INDIANA. THIS PROGRAM IS A PARTNERSHIP BETWEEN THE MUSEUM AND COMMUNITY-BASED ORGANIZATIONS THAT SERVE STRUGGLING NEIGHBORHOODS. PARTNERS INCLUDE INDIANAPOLIS PUBLIC SCHOOLS, OTHER SCHOOLS, COMMUNITY ORGANIZATIONS, COMMUNITY CENTERS AND CLUBS. 514356 FESTIVALS AND EVENTS THE EITELJORG MUSEUM DOES SEVERAL FESTIVALS AND EVENTS. BUCKAROO BASH IS THE EITELJORG MUSEUM'S ANNUAL PREMIER FUNDRAISING EVENT. IT IS AN EVENING OF WESTERN FUN, MUSIC, FOOD, AND LIVE AUCTIONS AND PRIZES WHICH BENEFIT THE MUSEUM'S EDUCATIONAL OUTREACH PROGRAMS, ANNUALLY SERVING MORE THAN 20,000 STUDENTS. THE MUSEUM'S AUXILIARY, ADOBE SOCIETY, IS RESPONSIBLE FOR THIS EVENT. INDIAN MARKET - THE 2012 INDIAN MARKET AND FESTIVAL FEATURED MORE CULTURAL PRESENTATIONS THAN EVER INCLUDING THE POPULAR GROUP, BRULE, WHOSE OWN FANS WERE NEW VISITORS TO THE INDIAN MARKET AND FESTIVAL. ATTENDANCE TOPPED 6,000 AND MARKETING INCLUDED RADIO, BILLBOARDS, INDIANAPOLIS STAR, INDY'S CHILD, NATIVE PEOPLES, SANTA FE INDIAN MARKET PROGRAM, AND NUVO. AUDIENCE SURVEYS INDICATE THE DESIRE FOR MORE CULTURAL PROGRAMMING AND CONTINUED HIGH-QUALITY ART FROM MORE ARTISTS (142 ARTISTS AT THE MARKET IN 2012). IN THE THIRD QUARTER OF 2012, AN INDIAN MARKET & FESTIVAL TASK FORCE (BOARD MEMBERS, COMMUNITY ORGANIZATION REPRESENTATIVES, ARTISTS) WAS CREATED TO INCREASE ATTENDANCE AND REVENUE FOR FUTURE MARKETS. THE THIRD ANNUAL JINGLE RAILS: THE GREAT WESTERN ADVENTURE DREW A STEADY FLOW OF MULTI-GENERATIONAL AUDIENCES WHICH INCLUDED PARENTS/GRANDPARENTS AND CHILDREN. 6429456 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 1 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 77 0 1 88 1 0 0 0 0 0 1 1 0 0 0 0 X 33 33 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X JOHN VANAUSDALL 3176369378 500 W WASHINGTON ST INDIANAPOLIS IN 46204 EDWARD M COCKERILL MD 0.50 X 0 0 0 GAYLE COX PHD 0.50 X X 0 0 0 ROGER S EITELJORG 0.50 X 0 0 0 RICHARD FELDMAN MD 0.50 X 0 0 0 FRITZ R GORDNER 0.50 X 0 0 0 BETSEY HARVEY 0.50 X 0 0 0 POLLY HORTON HIX 0.50 X 0 0 0 CINDY HOYE 0.50 X 0 0 0 S MICHAEL HUDSON 0.50 X 0 0 0 CHRIS KATTERJOHN 2.00 X X 0 0 0 CARL LAVONCHER 0.50 X 0 0 0 JAMES T MORRIS 0.50 X 0 0 0 GERALD PAUL 0.50 X 0 0 0 ALEXANDER G PEACOCK 0.50 X 0 0 0 MEL PERELMAN PHD 0.50 X 0 0 0 BONNIE A REILLY 0.50 X 0 0 0 STEPHEN RUSSELL 0.50 X 0 0 0 AH HUTCH SCHUMAKER II 0.50 X 0 0 0 JOAN SERVAAS 0.50 X 0 0 0 J ALBERT SMITH JR 0.50 X 0 0 0 EDWARD A WEST 0.50 X X 0 0 0 TIMOTHY T WRIGHT 0.50 X 0 0 0 C DANIEL YATES 0.50 X 0 0 0 LG EDWARDS 0.50 X 0 0 0 SANDY HURT 0.50 X 0 0 0 PAT ANKER 0.50 X 0 0 0 FRANK BASILE 0.50 X 0 0 0 CATHY TURNER 0.50 X 0 0 0 TIM GARNETT 0.50 X 0 0 0 KATHERINE ANDERSON HANSEN 0.50 X 0 0 0 STAN HURT 0.50 X 0 0 0 SUE A BACK 1.00 X X 0 0 0 TOM HOBACK 0.50 X 0 0 0 JOHN VANAUSDALL 55.00 X 230208 0 30198 SUSAN LEWIS 50.00 X 99501 0 14754 JAMES NOTTAGE 50.00 X 91777 0 23782 SUZANNE MAXWELL 55.00 X 163594 0 5713 585080 0 74447 2 0 1 0 G4S SECURE SOLUTIONS USA INC PO BOX 277469 ATLANTA GA 30384 SECURITY 384821 TRANE PO BOX 98167 CHICAGO IL 60693 HVAC 148003 VINE AND TABLE GOURMET MARKET 313 E CARMEL DRIVE CARMEL IN 46032 CATERING 126418 GREGORY & APPEL INSURANCE 1402 N CAPITOL SUITE 400 INDIANAPOLIS IN 46202 INSURANCE BROKER 121248 4 173083 285751 6855883 83815 7314717 ADMISSIONS AND TOURS 900099 410486 410486 410486 1189338 1189338 288406 66949 221457 221457 221457 21297568 20711214 586354 586354 586354 461719 285751 488386 -26667 -26667 503170 244864 258306 258306 MISCELLANEOUS 561000 95164 95164 LOSS FROM PARTNERSHIP 532000 -6808 -6808 88356 10042347 763956 -6808 1970482 X 659527 115559 244458 299510 2220275 1577919 437416 204940 316704 233554 55131 28019 214806 127002 48617 39187 44061 44061 34250 34250 112447 112447 70011 40969 23533 5509 71983 19325 52658 80418 6436 62615 11367 413922 393225 20697 1489759 1454755 35004 114514 112635 1879 EXHIBIT EXPENSES 521157 521157 REPAIRS AND MAINTENANCE 386926 381122 5804 SECURITY 361753 361753 EVENTS AND PROGRAMS 310751 199953 95434 15364 1221841 884092 295891 41858 8645105 6429456 1569895 645754 68642 59455 811876 2183817 1955462 1499909 12479 13241 249641 246015 167866 163331 44277216 20184314 25282703 24092902 33219030 34995775 717488 2792264 771678 821713 63256865 66868422 546965 608481 20600000 20600000 1870284 1819454 23017249 23027935 X 34219396 36926555 5386654 5880266 633566 1033666 40239616 43840487 63256865 66868422 X 1397242 2045668 157961 X X 0 1 X 1 0 X 3809484 4594792 5849311 4369202 7314717 25937506 3809484 4594792 5849311 4369202 7314717 25937506 7687861 18249645 1947343 1538315 1394133 1650912 1477744 8008447 48714 34404 5089 88207 28289 289945 142439 191560 95164 747397 34781557 6113392 0.52470 0.50220 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2008 AMOUNT: $ 28,289. 2009 AMOUNT: $ 289,945. 2010 AMOUNT: $ 142,439. 2011 AMOUNT: $ 191,560. 2012 AMOUNT: $ 95,164. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 14492001 200100 1810027 714553 38388 15749187 15169308 255000 -160025 735360 36922 14492001 14300039 200000 1495861 791943 34649 15169308 12360705 10000 2787682 828641 29707 14300039 18076583 30044 -4915782 789158 40982 12360705 0.95000 0.05000 1 0 41988161 18001435 23986726 2289055 2182879 106176 24092902 INTEREST RATE SWAP LIABILITY 1819454 1819454 X 12925523 2045668 42625 887063 2975356 9950167 112447 -20267 92180 10042347 9324652 42625 800199 842824 8481828 112447 50830 163277 8645105 PART III, LINE 1A: THE MUSEUM COLLECTS WORKS OF ART REPRESENTING ALL PERIODS OF THE AMERICAN INDIAN AND WESTERN CULTURES. IT PRESERVES, COLLECTS AND INTERPRETS THIS MATERIAL THROUGH CURATORIAL RESEARCH AND EDUCATIONAL OUTREACH. COLLECTION ITEMS ACQUIRED EITHER THROUGH PURCHASE OR DONATION ARE NOT CAPITALIZED. CONTRIBUTIONS OF COLLECTION ITEMS ARE NOT RECOGNIZED IN THE STATEMENT OF ACTIVITIES. THE VALUE OF ART OBJECTS ACQUIRED BY GIFT, FOR WHICH THE MUSEUM HAS MADE A REASONABLE ESTIMATE, WAS $545,820 IN 2012 AND $330,375 IN 2011. STANDARD MUSEUM PROCEDURES ARE USED IN ACCESSIONING, DEACCESSIONING, CATALOGING AND MANAGING ART OBJECTS. THE MUSEUM PROVIDES A CLEAN, SAFE AND STABLE STORAGE ENVIRONMENT FOR ITS PERMANENT COLLECTIONS. DURING 2012, RIBBON CULTURAL OBJECT, REMINGTON FREDERIC SACKRIDER PAINTING AND SCULPTURE, AND HOPI KATSINA CARVING WERE DEACCESSIONED FROM THE COLLECTIONS FOR VARIOUS REASONS. THE MUSEUM RECEIVED PROCEEDS FROM THE SALE OF THE REMINGTON FREDERIC SACKRIDER PAINTING AND SCULPTURE AND OTHER ITEMS IN THE AMOUNT OF $211,244 IN 2012. THERE WERE NO SIGNIFICANT DEACCESSIONS DURING 2011, BUT THERE WERE PROCEEDS OF $50,975 FOR VARIOUS ITEMS SOLD. PART III, LINE 4: THE EITELJORG MUSEUM CLEARLY FOCUSES UPON ITS MISSION. ALL WORKS OF ART AND OBJECTS IN THE COLLECTION ARE STRICTLY RELEVANT TO THE AMERICAN WEST AND NATIVE PEOPLES OF NORTH AMERICA. ALL COLLECTION ITEMS ARE VIEWED AS A RESOURCE IN THE FULFILLMENT OF THE INSTITUTIONAL MISSION AND FOR THE ENLIGHTENMENT AND ENJOYMENT OF THE PUBLIC SERVED BY THE MUSEUM. PAINTINGS, SCULPTURES, PRINTS, PHOTOGRAPHS, NATIVE AMERICAN ARTIFACTS OF ALL KINDS, ARE ALL UTILIZED OR AVAILABLE FOR USE IN EDUCATIONAL EXHIBITS AT THE MUSEUM AND THROUGH LOAN TO OTHER QUALIFIED MUSEUMS. OBJECTS ARE STUDIED BY STUDENTS FROM GRADE SCHOOL TO GRADUATE SCHOOL AND ARE THEREFORE INCLUDED THROUGH IMAGES AND WRITING IN CLASS PROJECTS, ARTICLES, AND BOOKS. STUDENTS, TEACHERS, RESEARCHERS, PUBLISHERS, AND OTHERS, ALONG WITH THE STAFF, ARE ENCOURAGED TO UTILIZE THE COLLECTION THROUGH SUPERVISED EXAMINATION AND ACCESS TO THE COLLECTION DATABASE AND DIGITAL IMAGES. ABOVE ALL, NATIVE CULTURES, FROM WHICH ARTIFACTS CAME, ARE GIVEN SPECIAL ACCESS FOR CULTURAL, SPIRITUAL, AND EDUCATIONAL REASONS. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE INTENDED USED OF THE MUSEUM'S ENDOWMENT FUNDS ARE TO SUPPORT OPERATIONS FROM NOW INTO THE FUTURE. THE MUSEUM HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. TO SATISFY ITS LONG-RANGE-RATE-OF-RETURN OBJECTIVES, THE MUSEUM RELIES ON A TOTAL RETURN STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION AND CURRENT YIELD. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE MUSEUM IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. IN ADDITION, THE MUSEUM HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE. THERE WAS NO UNRELATED BUSINESS INCOME TAX EXPENSE RELATED TO AN INVESTMENT IN A LIMITED PARTNERSHIP DURING 2012 AND APPROXIMATELY $1,000 FOR 2011. THE MUSEUM FILES INFORMATION TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND IN THE STATE OF INDIANA. THE MUSEUM IS NO LONGER SUBJECT TO U.S. FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2009. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF INVENTORY SOLD 244,864. SPECIAL EVENT EXPENSES 488,386. RENT EXPENSES 66,949. CHANGE IN VALUE OF CHARITABLE TRUSTS 86,864. PART XI, LINE 4B - OTHER ADJUSTMENTS: BOOK/TAX ON LOSS FROM INVESTMENT PARTNERSHIP -20,267. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF INVENTORY SOLD 244,864. SPECIAL EVENT EXPENSES 488,386. RENT EXPENSES 66,949. PART XII, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN INTEREST RATE SWAP 50,830. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENT 1700000 0 0 0 0 0 0 1700000 0 1700000 1 0 0 0 0 0 QUEST 380561 130258 250303 9000 221454 BUCKAROO BASH 212783 98100 114683 598 93844 1 154126 57393 96733 19375 144115 747470 285751 461719 28375 598 459413 488386 -26667 X 1 1 X X X 0 0 0 0 0 0 0 0 0 JOHN VANAUSDALL 218825 0 11000 0 383 0 16373 0 13825 0 260406 0 0 0 SUZANNE MAXWELL 163594 0 0 0 0 0 4908 0 805 0 169307 0 0 0 PART I, LINE 1A SOCIAL CLUB MEMBERSHIP AND MEALS ARE USED FOR DONOR CULTIVATION. ANY PERSONAL MEALS ARE NOT PAID FOR BY THE MUSEUM. A INDIANA DEVELOPMENT FINANCE AUTHORITY 351602316 2004-02-01 20600000 FINANCE RENOVATION/EXPANSION OF FACILITIES, EXHIBITION AND COLLECTIONS, ETC 0 0 0 A 20600000 254522 19946454 2005 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 1 0 1 1 JPMORGAN CHASE 12.000000000000 0 0 0 0 0 A 1 X 116 REVENUE NOT RECOGNIZED X 15 50797 MEAN ON TRANSFER DATE X 9 5990 FAIR MARKET VALUE X 1 7356 FAIR MARKET VALUE X STORAGE RENTAL 2 5000 FAIR MARKET VALUE X OTHER 13 14672 FAIR MARKET VALUE 4 0 1 0 NON REPORTING OF REVENUE: PART I, LINE 33: THE MUSEUM COLLECTS WORKS OF ART REPRESENTING ALL PERIODS OF THE AMERICAN INDIAN AND WESTERN CULTURES. COLLECTION ITEMS ACQUIRED EITHER THROUGH PURCHASE OR DONATION ARE NOT CAPITALIZED. CONTRIBUTIONS OF COLLECTION ITEMS ARE NOT RECOGNIZED IN THE STATEMENT OF ACTIVITIES. FORM 990, PART VI, SECTION A, LINE 2 STAN HURT IS THE SPOUSE OF SANDY HURT. FORM 990, PART VI, SECTION B, LINE 11 THE 990 WAS REVIEWED BY THE CFO, THE CEO AND THE TREASURER PRIOR TO A REVIEW BY THE AUDIT AND FINANCE COMMITTEES. A COPY OF THE 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS, OFFICERS, AND KEY EMPLOYEES COMPLETE ANNUALLY (OR AS OTHERWISE REQUESTED) A DISCLOSURE STATEMENT REGARDING ANY CONFLICT OF INTEREST DESCRIBED IN THE POLICY. ANY CHANGES ARE REPORTED PROMPTLY TO THE CEO OR BOARD CHAIR. THE CFO SUMMARIZES ANY CONFLICTS OR POTENTIAL CONFLICTS TO THE CEO AND THE BOARD CHAIR. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE ANNUALLY REVIEWS AND APPROVES THE SALARIES FOR THE CEO AND THE CFO. THE EXECUTIVE COMMITTEE REVIEWS CURRENT MARKET DATA FROM: - THE ASSOCIATION OF ART MUSEUM DIRECTORS SALARY SURVEY THAT IS DONE ON A YEARLY BASIS. DATA IS COMPILED FROM THIS REPORT FOR OUR REGION OF THE COUNTRY, OUR OPERATING BUDGET AND THE SIZE OF OUR CITY. - OTHER SURVEYS AVAILABLE SUCH AS THE ASSOCIATION OF MIDWEST MUSEUMS - OTHER SOURCES THE CEO'S SALARY IS DETERMINED BY A CONTRACT THAT IS PREPARED BY LEGAL COUNSEL AFTER NEGOTIATIONS BETWEEN THE PRESIDENT AND A SUB-SET OF BOARD MEMBERS LED BY THE CHAIRMAN. THE CONTRACT IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE. THE FULL BOARD OF DIRECTORS IS INFORMED ABOUT THE CONTRACT. DATA OBTAINED FROM THE FOLLOWING SOURCES IS REVIEWED TO DETERMINE THAT SALARY: - THE ASSOCIATION OF ART MUSEUM DIRECTORS SALARY SURVEY THAT IS DONE ON A YEARLY BASIS. DATA IS COMPILED FROM THIS REPORT FOR OUR REGION OF THE COUNTRY, OUR OPERATING BUDGET AND THE SIZE OF OUR CITY. - OTHER SURVEYS AVAILABLE SUCH AS THE ASSOCIATION OF MIDWEST MUSEUMS - OTHER SOURCES THE CEO'S BONUS UNDER THE CURRENT CONTRACT IS DETERMINED BASED ON PRE-ESTABLISHED INDICATORS. THE BONUS IS REVIEWED BY AND APPROVED BY THE CHAIRMAN OF THE BOARD AND THEN APPROVED BY THE EXECUTIVE COMMITTEE. THE APPROVAL OF THESE SALARIES IS DOCUMENTED IN THE MINUTES OF THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 18 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. ALL OTHER FUNCTIONAL EXPENSES FORM 990, PART IX, LINE 24E UTILITIES: PROGRAM SERVICE EXPENSES 279,841. MANAGEMENT AND GENERAL EXPENSES 26,194. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 306,035. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 142,089. MANAGEMENT AND GENERAL EXPENSES 90,210. FUNDRAISING EXPENSES 35,517. TOTAL EXPENSES 267,816. ANNUAL BOND FEES: PROGRAM SERVICE EXPENSES 155,273. MANAGEMENT AND GENERAL EXPENSES 8,172. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 163,445. ART COLLECTION: PROGRAM SERVICE EXPENSES 146,300. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 146,300. TOURISM AND TOUR PROGRAMS: PROGRAM SERVICE EXPENSES 4,013. MANAGEMENT AND GENERAL EXPENSES 84,108. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 88,121. MUSEUM STORE: PROGRAM SERVICE EXPENSES 73,423. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 73,423. ARTIST IN RESIDENCE: PROGRAM SERVICE EXPENSES 65,768. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 65,768. AWARDS: PROGRAM SERVICE EXPENSES 472. MANAGEMENT AND GENERAL EXPENSES 32,001. FUNDRAISING EXPENSES 4,296. TOTAL EXPENSES 36,769. NEWSLETTER: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 31,988. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 31,988. BANK CHARGES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 22,726. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 22,726. AMORTIZATION OF DEFERRED FINANCE COSTS: PROGRAM SERVICE EXPENSES 9,348. MANAGEMENT AND GENERAL EXPENSES 492. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,840. OTHER PAYROLL COSTS: PROGRAM SERVICE EXPENSES 7,565. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,565. UNCOLLECTED PLEDGES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 2,045. TOTAL EXPENSES 2,045. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF CHARITABLE TRUSTS 86,864. DIFFERENCE IN BOOK AND TAX INCOME ON PARTNERSHIP 20,267. CHANGE IN INTEREST RATE SWAP 50,830. CHANGES IN AUDIT OVERSIGHT: FORM 990, PART XII, LINE 2C THERE HAS BEEN NO CHANGE IN THIS PROCESS FROM THE PRIOR YEAR.