2011-11-02T08:21:02-05:00 2011-06-30 EIDE BAILLY LLP 4310 17TH AVE S PO BOX 2545 FARGO ND 581082545 990 2010-07-01 411260780 PLAINS ART MUSEUM PLAI 7012323821 PO BOX 2338 FARGO ND 581082338 MARK HENZE 7012323821 2011-10-28 1 LISA CHAFFEE CPA 7012398500 2011-10-28 2010 2016-03-07 17:11:31Z Colleen Sheehy PO BOX 2338 FARGO ND 581082338 12244839 0 X www.plainsart.org X 1975 ND To promote and foster a knowledge of art by providing facilities for exhibitions and programs to improve education in the arts. 18 17 127 106 121868 0 1711135 625370 24466 35121 242039 57432 682969 733035 2660609 1450958 0 0 0 0 816502 700430 0 0 128497 1440448 766036 2256950 1466466 403659 -15508 8076189 8166792 2460478 2330697 5615711 5836095 X The Plains Art Museum brings people and art together. As a public institution we celebrate the finest of human achievement and inspire and engage diverse audiences in the creation, exhibition, collection, and preservation of art. 0 0 168714 11141 In fiscal year 2011, Plains Art Museum served 45,428 visitors of all ages through high quality art exhibitions, educational programs, live music, and outreach activities. The museum organizes six to eight major exhibitions annually with an equal number of smaller exhibitions. The museum's permanent collection of 3,800 objects is also used for special exhibitions and research, occasionally shown in national and international venues. Exhibitions focus on artists in the community and region.In fiscal year 2011, the museum presented the following exhibitions:*The White Album: The Beatles Meet the Plains Art Museum*Individual to Icon: Portraits of the Famous and Almost Famous from Folk Art to Facebook*The Frederick B. Scheel Photography Collection: A New Gift to the Plains*Andrea Carlson: VORE*Vermillion Editions to Hannaher's Studio: The Print Renaissance Comes to Fargo, 1977 to Today*Collectors Humble to Extraordinaire: The Herbert and Dorothy Vogel Gift*Big Country: FMVA Scale the Plains 98190 23395 In-house education programs include docent-led tours, lectures, artist talks, curator-led gallery talks, internships, art camps and art classes and workshops for children and adults. Outreach programs, which brings original art exhibitions and art education programs to rural Minnesota and North Dakota. 709426 2599 Museum building operations for storage and display of the permanent collection which focuses on 20th and 21st century American art, regional art, and work by Native American artists. 976330 1 1 0 1 0 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 20 20 1 127 1 1 1 0 0 0 0 1 1 0 0 0 0 X 18 17 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 0 1 1 0 0 MN X Mark Henze 7012323821 704 1ST AVE N Fargo ND 58102 Sally McCravey 1.00 X X 0 0 0 Julie Burgum 1.00 X X 0 0 0 Jim Hambrick 1.00 X X 0 0 0 Kate Haugen 1.00 X X 0 0 0 Michael Olsen 1.00 X X 0 0 0 Carole Kline 1.00 X 0 0 0 Arlette Preston 1.00 X 0 0 0 Willy Jacobson 1.00 X 0 0 0 Dennis Walaker 1.00 X 0 0 0 Susie Freeman 1.00 X 0 0 0 Andrea Jenson 1.00 X 0 0 0 Zhimin Guan 1.00 X 0 0 0 Tom Dawson 1.00 X 0 0 0 John Beecher 1.00 X 0 0 0 Bill Schlossman 1.00 X 0 0 0 Meg Spielman-Peldo 1.00 X 0 0 0 Shelly Gompf 1.00 X 0 0 0 Colleen Sheehy 40.00 X X 110000 0 0 Dave Hanson 1.00 X 0 0 0 Lisa Sluke 1.00 X 0 0 0 Eileen Scheel 1.00 X 0 0 0 Mark Henze 40.00 X 60308 0 2834 170308 0 2834 1 0 0 0 0 165891 8000 59465 392014 7280 625370 Education & Outreach 611710 27315 27315 Admissions 711300 7806 7806 35121 36232 36232 115722 35191 80531 80531 14726 65805 784360 763160 21200 21200 21200 59547 8000 12435 47112 47112 10199087 9702851 496236 496236 389400 280244 109156 2014 107142 1450958 37135 121868 666585 184720 13650 171070 441531 340700 41154 59677 32417 25643 5103 1671 41762 23938 13702 4122 89564 48802 35929 4833 46677 10927 512 35238 108588 69758 16852 21978 102421 102421 12130 9081 3049 9358 8038 1320 101839 101839 226809 159015 67794 19396 19396 Repairs 30620 30480 140 Hospitality 13201 10278 2025 898 Subscriptions and Dues 3449 380 2989 80 Art Work Purchased 1800 1800 184 184 1466466 976330 361639 128497 1391380 1468683 391719 313851 17244 25120 47452 45584 18754 11792 7832839 2973837 5049053 4859002 1160587 1442760 8076189 8166792 281781 320472 52339 34500 1726358 1655725 400000 320000 2460478 2330697 X 3423185 3303994 968776 1228351 1223750 1303750 5615711 5836095 8076189 8166792 X -15508 235892 X 0 1 1 X 0 X 538434 515008 1016210 1711135 625370 4406157 3067819 3868682 3044912 10220783 10323310 30525506 3606253 4383690 4061122 11931918 10948680 34931663 0 0 0 34931663 671414 172483 147161 84992 113399 1189449 39244 5416 44068 56389 145117 671414 211727 152577 129060 169788 1334566 4277667 4595417 4213699 12060978 11118468 36266229 0.96320 0.90250 0.03680 0.09750 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 300 300 976330 976630 171495 42874 0 0 244465 261942 258434 171495 936336 1404504 150 100 300 550 61116 65486 64609 42874 234085 351128 X X X X 0 1260587 80000 265154 62981 1542760 1090554 172937 2904 1260587 1096362 28749 34557 1090554 0.00000 0.84510 0.15490 0 0 651628 651628 6554581 2656062 3898519 455708 317775 137933 170922 170922 4859002 1450958 1466466 -15508 208298 27594 235892 220384 1723115 208298 27594 235892 1487223 -36265 -36265 1450958 1502731 36265 36265 1466466 0 1466466 Part III, Line 1a: Footnote from Audited Financial Statements regarding Financial Statement treatment of donated works of art: The Museum does not capitalize donated works of art or recognize them as revenues or gains. Donations need not be recognized if they are added to collections 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 for collections. Gifts received in 2011 and 2010 were valued at $38,000 and $605,600, respectively. Collection items are recorded at cost if purchased. Part III, Line 4: The Plains Art Museum's collections consist of over 3,800 fine art and ethnographic objects in both the museum's permanent and educational collections. The museum regularly exhibits and interprets objects from its permanent and education collections in one of the museum's primary galleries on a permanent, annual rotating basis. Additionally, temporary and/or traveling exhibitions hosted by the museum are often augmented and greatly enhanced by objects from our permanent and education collections. The museum also provides access to its collections to both scholarly endeavors and the greater public by actively participating with the general public, academia and the greater museum community by lending works and/or entire exhibitions from its collections to appropriate and approved lenders world-wide. Description of Intended Use of Endowment Funds: Part V, Line 4: The income from the endowment account is to be utilized for the exhibition, development, and curatorial projects that benefit or create opportunities for emerging and mid-career artists, for acquisitions of art by emerging and mid-career artist's for the permanent collection, and for publications and catalogs supporting or documenting exhibitions or contemporary projects by emerging or mid-career artists. The William Randolph Hearst endowment fund income is used for education purposes. Description of Uncertain Tax Positions Under FIN 48: Part X: The Museum undergoes an annual analysis of its various tax positions assessing the likelihood of those positions being upheld upon examination with relevant tax authorities as defined by FASB Codification Topic ASC 740-10. As of June 30, 2011 and 2010, the Museum did not record any uncertain tax positions. The Museum will recognize future accrued interest and penalties related to unrecognized tax benefits in income tax expense if incurred. The Museum is no longer subject to Federal tax examinations by tax authorities for year before 2008 and state examinations for years before 2008. Part XII, Line 4b - Other Adjustments: Special Events Expenses Recorded in Expenses for Financial Statements -12,435. Rental Expenses Recorded in Expenses for Financial Statements -23,830. Part XIII, Line 2d - Other Adjustments: Special Events Expenses Deducted in Part VIII on line 8b 12,435. Rental Expenses Recorded in Expenses for Financial Statements 23,830. Gala 67547 8000 59547 12435 67547 8000 59547 12435 12435 47112 3920767 3210066 86524 426481 0 3481136 2761357 65054 398005 0 2797186 2355690 26956 372720 0 10199089 8327113 178534 1197206 9702853 496236 ND 1 0 1 0 0.69400 0.30600 Becky Gwynn 704 First Ave North Fargo ND 58102 0 Karen Breiner 53455 Staffing, site management, personnel management, negotiations with vendors, overall fiscal management of gaming operations, lobbying, marketing, advertising, community relations X 1 645475 Cass County North Dakota 456002205 2005-12-15 2000000 Facilities Refunding 0 0 0 2000000 2000000 1 0 1 1 0 0 0 0 0 0 Tom Dawson Board Member 20628 Plains Art Museum pays an insurance premium to Tom Dawson's insurance company, Dawson Insurance 0 X 39 0 0 1 0 Non Reporting of Revenue: Part I, Line 33: The organization does not capitalize donated works of art or recognize them as revenues or gains. Donations need not be recognized if they are added to collections 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 for collections. Form 990, Part VI, Section A, line 6 The organization has members. All members have the same voting rights. Form 990, Part VI, Section A, line 7a At the annual meeting, the corporation's membership shall elect directors to be elected that year. Form 990, Part VI, Section A, line 8b There are no committess with the authority to act on behalf of the governing body. Form 990, Part VI, Section B, line 11 Management will review a draft copy of the Form 990. Following management's review of the 990, it will be presented to the board of directors and then presented to the full board. An electronic version of the completed Form 990 will be emailed to board members prior to the October 2011 board meeting. Form 990, Part VI, Section B, line 12c The organization has a conflict of interest policy in place which covers the board of directors. If a conflict of interest exists, a board member leaves the room during the discussion in order to not influence any vote on the discussion and the board member abstains from voting on the issue with the conflict. Conflicts will be reviewed by management and the board of directors, and the board will determine whether a conflict of interest exists. Form 990, Part VI, Section B, line 15a When the CEO was hired initially, the board of directors approved the CEO's compensation. Comparability data from regional and local nonprofits of similar size was used for the compensation data. Written minutes were taken at the board meeting. This process was last completed in October 2008. Form 990, Part VI, Section C, line 19 The Organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized gains on investments: 208,298. Donated services and use of facilities: 27,594. Total to Form 990, Part XI, Line 5: 235,892.