2011-08-15T08:54:54-05:00 2010-12-31 CLARK SCHAEFER HACKETT & CO 40 N MAIN ST STE 800 KETTERING TOWE DAYTON OH 45423 990 2010-01-01 310537480 THE DAYTON ART INSTITUTE DAYT 9372235277 456 BELMONTE PARK NORTH DAYTON OH 454054700 DAVID R STACY 9372235277 2011-08-11 1 KEVIN T DAVIS CPA 9372260070 2011-08-09 2010 2016-02-24 21:20:13Z JANICE T DRIESBACH 456 BELMONTE PARK NORTH DAYTON OH 454054700 11471954 0 X WWW.DAYTONARTINSTITUTE.ORG X 1919 OH CREATING MEANINGFUL EXPERIENCES WITH ART 18 18 84 384 8070 -7934 1874349 2359538 114122 193733 602225 1623141 256867 208923 2847563 4385335 0 0 0 0 2150489 2042162 0 0 695644 2302744 3331872 4453233 5374034 -1605670 -988699 39156059 39909150 18351855 18547626 20804204 21361524 THE DAYTON ART INSTITUTE IS COMMITTED TO ENRICHING LIVES AND SERVING THE COMMUNITY BY CREATING MEANINGFUL EXPERIENCES WITH ART. 0 0 1009494 168767 CURATORIAL (INCLUDING COLLECTIONS AND EXHIBITIONS)- CARE, DEVELOPMENT, DISPLAY AND INTERPRETATION OF COLLECTIONS OF MORE THAN 26,000 WORKS OF ART DATING FROM 2,500 BC TO PRESENT AND SPANNING CULTURES WORLDWIDE. 2009 SPECIAL EXHIBITIONS INCLUDED WORKS IN GLASS BY WILLIAM MORRIS AND RARELY SEEN ART FROM OUR PERMANENT COLLECTION IN CELEBRATION OF THE MUSEUM'S 90TH ANNIVERSARY. 310878 56266 EDUCATION AND INTERPRETATION - INTERPRETIVE INITIATIVES RANGING FROM LABELS AND DOCENT TOURS TO ART CONNECTIONS (MULTIPLE TOURS, AN ART-MAKING EXPERIENCE AND COMPLEMENTARY IN-SCHOOL ACTIVITIES), EDUCATOR WORKSHOPS, YOUTH AND ADULT STUDIO CLASSES, TEEN PROGRAM, FAMILY ACTIVITIES, WEEKLY WEED AND SEED CLASSES, DROP-IN INTERACTIVE EXPERIENCENTER, AND MUSIC PROGRAMS AS WELL AS LECTURES AND SEMINARS. PUBLICATIONS AND WEBSITE MATERIALS, INCLUDING TEACHER GUIDES. LIBRARY AND ART BOOK CLUB. 2574176 HISTORIC BUILDING - THE DAI'S LANDMARK 1930 ITALIAN REVIVAL STYLE BUILDING, DESIGNED BY E. B. GREENE AND ON THE NATIONAL REGISTER OF HISTORIC PLACES, IS ONE OF THE PRIZED ART WORKS THE MUSEUM INTERPRETS AND SUPPORTS KEY PROGRAM FUNCTIONS. EXPENSES FOR THE HISTORIC BUILDING RELATE TO PROGRAM AREAS OF THE MUSEUM AND CONSIST OF OPERATION AND MAINTENANCE, DEPRECIATION AND FINANCING RELATED COSTS. 3894548 1 1 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 40 0 1 84 1 1 1 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OH X X DAVID R STACY 9372235277 456 N BELMONTE PARK DAYTON OH 454054700 X ROB CONNELLY 1.00 X X 0 0 0 DAWN CONWAY 1.00 X 0 0 0 CAROLYN GARLAND 1.00 X 0 0 0 ALAN GREENWELL 1.00 X 0 0 0 LINDA LOMBARD 1.00 X X 0 0 0 WANDA LUKENS 1.00 X X 0 0 0 SHARON HOWARD 1.00 X 0 0 0 FRED MANCHUR 1.00 X 0 0 0 DALE MEDFORD 1.00 X 0 0 0 JOHN NARIUS 1.00 X 0 0 0 JAMES PANCOAST 1.00 X X 0 0 0 LINDA REED 1.00 X 0 0 0 SALLY STRUTHERS 1.00 X 0 0 0 KATHERINE THORNBURG 1.00 X 0 0 0 BASEL YANES MD 1.00 X 0 0 0 NEIL FREUND 1.00 X 0 0 0 JOANIE WIRE 1.00 X 0 0 0 RICHARD HALE 1.00 X 0 0 0 JANICE DRIESBACH 40.00 X 143084 0 858 DAVID STACY 40.00 X 80960 0 857 224044 0 1715 1 0 0 0 0 804828 214609 109582 1230519 72531 2359538 PROGRAM & EDUCATION FE 900099 155083 155083 MEMBERSHIP DUES 713990 38650 38650 193733 992595 992595 6988454 6357908 630546 630546 630546 541798 214609 404812 136986 136986 364536 323899 40637 8070 32567 PROCEEDS - SALE OF ART 900099 31300 31300 31300 4385335 225033 8070 1792694 225759 21463 96983 107313 1578311 961734 407996 208581 70308 70308 167784 73455 71312 23017 3394 3394 25736 25736 54707 54707 78076 36118 8767 33191 68711 48630 20081 279338 111194 79790 88354 47424 11700 25663 10061 412339 412339 10252 5776 4249 227 553815 523800 30015 1001508 821237 180271 85659 38324 47335 CHANGE IN SWAP FAIR VAL 437574 437574 REPAIRS & MAINTENANCE 155254 4458 150561 235 BOND FEES 153479 153479 RECEPTIONS 111251 84291 2000 24960 CONTRACT LABOR 93368 73637 19731 -240013 487678 -907315 179624 5374034 3894548 783842 695644 158656 585402 2813388 2338337 42114 43957 80777 70733 73068 154524 26956853 15435001 12496276 11521852 23231726 24951033 260054 243312 39156059 39909150 225681 254789 76674 100763 17125000 16830000 650000 650000 274500 712074 18351855 18547626 X 14769277 15016497 684648 944263 5350279 5400764 20804204 21361524 39156059 39909150 X -988699 1546019 X X 0 1 1 X 0 X 3640940 4783245 3446661 1875349 2287007 16033202 3640940 4783245 3446661 1875349 2287007 16033202 1432823 14600379 745614 1774496 588882 602225 1623141 5334358 24124 11121 35245 1630 299 375 10336 12640 21415445 6725551 0.68180 0.66390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 14218823 312051 1885656 1077401 15339129 12166914 758947 2661841 1368879 14218823 16106804 1944362 -3832867 2051385 12166914 0.61870 0.02980 0.35150 1 0 213408 213408 18229177 9914513 8314664 8190814 5208704 2982110 323454 311784 11670 11521852 FV - INTEREST RATE EXCH AGREEMENTS 712074 712074 4385335 5374034 -988699 1546019 1546019 557320 6630740 1546019 1975 728711 2276705 4354035 31300 31300 4385335 5662146 1975 728711 730686 4931460 442574 442574 5374034 PART III, LINE 1A: THE ORGANIZATION'S COLLECTIONS ARE MAINTAINED FOR PUBLIC EXHIBITION, EDUCATION, AND RESEARCH IN FURTHERANCE OF PUBLIC SERVICE, RATHER THAN FOR FINANCIAL GAIN. IN CONFORMITY WITH ACCOUNTING POLICIES GENERALLY FOLLOWED BY ART MUSEUMS, THE VALUE OF THE ORGANIZATION'S COLLECTIONS HAS BEEN EXCLUDED FROM THE STATEMENT OF FINANCIAL POSITION, AND GIFTS OF ART OBJECTS ARE EXCLUDED FROM REVENUE IN THE STATEMENT OF ACTIVITIES. PURCHASES OF ART OBJECTS BY THE ORGANIZATION ARE RECORDED AS DECREASES IN NET ASSETS IN THE STATEMENT OF ACTIVITIES. PROCEEDS FROM THE SALE OF ARTWORK ARE RECORDED AS INCREASES IN NET ASSETS IN THE STATEMENT OF ACTIVITIES. IT IS THE POLICY OF THE BOARD OF TRUSTEES TO SPEND PROCEEDS FROM DEACCESSIONS OF ART ONLY ON ACQUSITIONS OF ART. PART III, LINE 4: THE ORGANIZATION'S COLLECTIONS INCLUDE WORKS FROM VARIOUS TIME PERIODS, CULTURES AND STYLES FOR DISPLAY TO THE PUBLIC, AS WELL AS RESEARCH. THE GALLERY SPACES ARE DESIGNED TO SHOW WORKS OF ART GROUPED BY ITEMS OF SIMILAR INTEREST TO PROVIDE AN EDUCATIONAL, AS WELL AS AN ENRICHING EXPERIENCE TO MUSEUM VISITORS. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE UTILIZED FOR GENERAL SUPPORT OF THE MUSEUM'S PROGRAMS OR IF RESTRICTED BY THE DONOR, FOR SPECIFIC PURPOSES SUCH AS ART ACQUISITION OR ART EDUCATION. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ORGANIZATION EVALUATES THE INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN INCOME TAX RETURNS FILED BY THE ORGANIZATION TO DETERMINE WHETHER A LIABILITY FOR UNCERTAIN POSITIONS EXIST AND WHETHER A LIABILITY FOR SUCH UNCERTAIN POSITIONS SHOULD BE RECOGNIZED. THE ORGANIZATION IS EXEMPT FROM INCOME TAXES AND MANAGEMENT BELIEVES THE ORGANIZATION HAS NOT ENGAGED IN ANY ACTIVITIES THAT WOULD DISQUALIFY THEM FROM TAX-EXEMPT STATUS. CERTAIN MERCHANDISE SALES IN THE ORGANIZATION'S GIFT SHOP ARE NOT SUBSTANTIALLY RELATED TO FURTHERING THE ORGANIZATION'S MISSION AND THEREFORE UNRELATED BUSINESS INCOME TAX IS PAID IN ACCORDANCE WITH THE INTERNAL REVENUE CODE. THE ORGANIZATION'S TAX FILINGS ARE SUBJECT TO AUDIT BY TAXING AUTHORITIES. THE ORGANIZATION'S OPEN AUDIT PERIODS ARE 2007-2010. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF MERCHANDISE SALES 323,899. SPECIAL EVENT EXPENSES 404,812. PART XII, LINE 4B - OTHER ADJUSTMENTS: PROCEEDS FROM SALE OF ART 31,300. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF MERCHANDISE SALES 323,899. SPECIAL EVENTS 404,812. PART XIII, LINE 4B - OTHER ADJUSTMENTS: PURCHASES OF ART 5,000. EFFECT OF INTEREST RATE SWAP 437,574. ART BALL 258882 143900 114982 171215 OCTOBERFEST 494177 70709 423468 219145 2 3348 0 3348 14452 756407 214609 541798 404812 404812 136986 MONTGOMERY COUNTY OHIO 316000172 613513AA8 2006-08-31 3500000 INSTALLATION OF NEW HEATING AND COOLING PLANT FOR THE DAYTON ART INSTITUTE 0 0 0 670000 3500000 70000 3430000 2007 0 0 1 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 0 0 0 0 X 6 0 N/A X ITEMS FOR FUNDRAISING EVENTS 51 65000 FAIR MARKET VALUE X OFFICE EQUIPMENT AND FURNITURE 5 7531 FAIR MARKET VALUE 0 1 0 NON REPORTING OF REVENUE: PART I, LINE 33: THE ORGANIZATION FOLLOWS GENERALLY ACCEPTED ACCOUNTING PRACTICES OF THE MUSEUM INDUSTRY, WHICH EXCLUDES THE CARRYING VALUE OF THE COLLECTIONS FROM THE STATEMENT OF POSITION. CONSEQUENTLY, CONTRIBUTIONS OF WORKS OF ART ARE NOT RECOGNIZED ON THE STATEMENT OF ACTIVITIES. DURING 2010, 6 INDIVIDUAL WORKS OF ART WERE CONTRIBUTED BY 6 DONORS. THE ESTIMATED VALUE OF THE WORKS OF ART RECEIVED DURING 2009 WAS $90,100. FORM 990, PART VI, SECTION A, LINE 6 THE MUSEUM OFFERS VARIOUS MEMBERSHIP LEVELS TO ITS PATRONS TO ENCOURAGE THEM TO PARTICIPATE IN PROGRAMS OFFERED BY THE MUSEUM. THESE BENEFITS INCLUDE FREE ADMISSION TO SPECIAL EXHIBITIONS, INVITATIONS TO PREVIEWS AND DISCOUNTS FOR CERTAIN EDUCATIONAL PROGRAMS AND OTHER EVENTS. FORM 990, PART VI, SECTION A, LINE 7A THE NOMINATING COMMITTEE OF THE BOARD OF TRUSTEES RECOMMENDS THE SLATE OF CANDIDATES FOR THE BOARD OF TRUSTEES TO THE FULL BOARD OF TRUSTEES. THE SLATE OF CANDIDATES ARE PROVIDED TO MEMBERS FOR ELECTION OF THE TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES IS DIRECTLY PROVIDED A DRAFT OF THE FORM 990 TO REVIEW PRIOR TO FILING. OTHER BOARD MEMBERS ARE NOTIFIED AND PROVIDED ACCESS TO REVIEW THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES REVIEWS ANY ACTIVITY THAT COULD GIVE RISE TO POTENTIAL CONFLICTS OF INTEREST ON AN "AS NEEDED" BASIS. ANNUALLY, DIRECTORS COMPLETE CONFLICT OF INTEREST DISCLOSURE STATEMENTS, WHICH ARE REVIEWED BY MANAGEMENT AND THE TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 THE DIRECTOR/CEO WAS HIRED IN DECEMBER 2007 FOLLOWING A NATIONAL SEARCH CONDUCTED BY A SPECIALIZED SEARCH FIRM. THE INITIAL COMPENSATION PACKAGE WAS DEVELOPED USING DATA FROM COMPARABLE MUSEUMS. THE PERSONNEL COMMITTEE OF THE BOARD OF TRUSTEES IS CHARGED WITH MONITORING AND EVALUATING THE COMPENSATION OF THE DIRECTOR/CEO. THE COMMITTEE UTILIZES MUSEUM INDUSTRY INFORMATION (ASSOCIATION OF ART MUSEUM DIRECTORS SALARY SURVEYS), AS WELL AS LOCAL MARKET KNOWLEDGE AND ANNUAL PERFORMANCE EVALUATIONS TO ADJUST COMPENSATION OF THE DIRECTOR/CEO. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 IS WIDELY AVAILABLE ON WEBSITES, SUCH AS GUIDESTAR. THE ORGANIZATION ALSO PROVIDES REQUIRED TAX FILINGS AND GOVERNING DOCUMENTS UPON WRITTEN REQUEST FROM THE PUBLIC. FORM 990, PART VII, COL. F: OTHER COMPENSATION COSISTS OF 403(B) RETIREMENT PLAN CONTRIBUTIONS AND HEALTH INSURANCE PREMIUMS. DURING 2010, THE ORGANIZATION DID NOT MAKE ANY CONTRIBUTIONS TO THE PENSION PLAN. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,546,019. FORM 990, PART XII, LINE 2C: THE BOARD OF TRUSTEES HAS CHARGED THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES WITH OVERSIGHT OF THE INDEPENDENT AUDIT. THE PROCESS IS CONSISTENT WITH THE PRIOR YEAR.