2023-05-15T09:53:33-05:00 2022-06-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2021-07-01 410693915 MINNEAPOLIS SOCIETY OF FINE ARTS DBA MINNEAPOLIS INSTITUTE OF ARTS MINN 6128703046 2400 THIRD AVENUE SOUTH MINNEAPOLIS MN 55404 STEVEN BADER CONTROLLER/INTERIM CFO 6128703046 2023-05-12 1 STEVEN BADER 999009999 MACKENZIE MCNAUGHTON P02025805 6123764500 2023-05-10 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z MINNEAPOLIS INSTITUTE OF ART KATIE LUBER 2400 THIRD AVENUE SOUTH MINNEAPOLIS MN 55404 82338851 0 X WWW.ARTSMIA.ORG X 1883 MN ENRICHING COMMUNITY BY COLLECTING, PRESERVING AND MAKING ACCESSIBLE OUTSTANDING WORKS OF ART 60 59 311 458 630600 523523 33697443 44084158 4956361 2471946 13806009 7016299 299991 835552 52759804 54407955 0 0 0 0 18698559 17851365 0 0 2031370 24397764 24187668 43096323 42039033 9663481 12368922 389108974 352031826 5707546 6472744 383401428 345559082 X THE MINNEAPOLIS INSTITUTE OF ART (MIA) ENRICHES THE COMMUNITY BY COLLECTING, PRESERVING, AND MAKING ACCESSIBLE OUTSTANDING WORKS OF ART FROM THE WORLD'S DIVERSE CULTURES. 0 0 25659101 0 2132936 EXHIBITIONS DURING FISCAL YEAR ENDING JUNE 30, 2022 INCLUDE: THE CONTEMPORARY PRINT: 20 YEARS AT HIGHPOINT EDITIONSLESLIE BARLOW: WITHIN, BETWEEN, AND BEYONDAARON DYSART: PASSAGEVAN GOGH AND THE OLIVE GROVESIN HER VIEW: CONTEMPORARY WOMEN'S PHOTOGRAPHYVIRGIL ORTIZ: CONVERGENCEBRITISH WATERCOLOR LANDSCAPESFLY ZINE ARCHIVE: A CHRONICLE OF PUNK, QUEER, AND ANARCHIST COUNTERCULTURESUPERNATURAL AMERICA: THE PARANORMAL IN AMERICAN ARTDRESSED BY NATURE: TEXTILES OF JAPANJOVAN C. SPELLER: NURTURING, AND OTHER RITUALS OF PROTECTIONKAMODA SHOJI: THE ART OF CHANGEA FLORAL AFFAIR: A BOUQUET FOR THE FRIENDS' CENTENNIALENVISIONING EVIL: "THE NAZI DRAWINGS" BY MAURICIO LASANSKYOBJECTIVITY: METAPHORICAL AND MATERIAL LIVES OF PHOTOGRAPHS DAYANITA SINGH: POTHI KHANAPARSKA/SHADATHE THREE PERFECTIONS: IMAGE, POEM, AND CALLIGRAPHY IN CHINESE PAINTINGPARALLEL LINES: NEW TEXTILE MASTERWORKS INSPIRED BY GEOMETRYREFLECTIONS ON REALITY: DRAWINGS AND PAINTINGS FROM THE WEISBERG COLLECTIONTHE POETIC ABSTRACTIONS OF MAKI HAKU: PRINTS FROM THE KIMM-GRUFFERMAN COLLECTIONSIXTIES PSYCHEDELIA: SAN FRANCISCO ROCK POSTERS FROM THE PAUL MAURER COLLECTIONWORDS THAT PRESENCE THE DIVINE: TEZET METUMIA'S ARTIST IN RESPITEARTIST IN RESIDENCE 2021RACISM AS A PUBLIC HEALTH CRISIS: YOUTH AND PROFESSIONAL ARTISTS RESPONDVENICE IN THE 1700SCREATIVITY ACADEMYYEE I-LANN: PICTURING POWERMIA STAFF ART SHOWPUBLICATIONS PRODUCED DURING FISCAL YEAR ENDING JUNE 30, 2022 INCLUDE: ENVISIONING EVIL: "THE NAZI DRAWINGS" BY MARICIO LASANSKYKAMODA SHJI: THE ART OF CHANGE 8144967 0 0 ACQUISITIONS BRING NEW STRENGTH TO THE COLLECTION. THE PERMANENT COLLECTION IS ALWAYS AT THE CORE OF OUR WORK. IN FY22, 1,956 EXCEPTIONAL OBJECTS WERE ACQUIRED, ENRICHING EACH OF THE 5 CURATORIAL AREAS. 83850 0 84709 MIA'S ART ADVENTURE PROGRAM SERVED MORE THAN 36,806 STUDENTS VIRTUALLY IN 100 SCHOOLS ACROSS THE STATE. CREATIVITY ACADEMY (500) AND WATER IS LIFE (682) PROGRAMS SERVED 1182 STUDENTS, USING 2,700 ART KITS DELIVERED TO THE PARTNER SCHOOLS. MIA SERVED 321 STUDENTS THROUGH ON-SITE, VIRTUAL, OR AT-SCHOOL PARTNERSHIP PROGRAMS. 994 STUDENTS (PK-UNIVERSITY) PARTICIPATED IN VIRTUAL TOURS. 4664 STUDENTS (PK-UNIVERSITY) PARTICIPATED IN ON-SITE GUIDED TOURS. MIA TRAINED 975 PARENT VOLUNTEERS VIRTUALLY TO LEAD ART ADVENTURE LESSONS. MIA PROVIDED PROFESSIONAL DEVELOPMENT TO 115 TEACHERS VIRTUALLY AND ON-SITE. MOBILE MIA, THE MUSEUM'S SPECIALLY DESIGNED BICYCLE, DELIVERED ART ACTIVITIES TO 928 YOUTH AND FAMILIES. 33887918 1 1 0 1 0 0 0 1 0 1 1 1 0 1 1 1 1 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 132 0 1 311 1 1 1 0 0 0 0 1 0 0 0 0 0 0 0 X 60 59 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MN X STEVE BADER 6128703062 2400 THIRD AVENUE SOUTH MINNEAPOLIS MN 55404 KATIE LUBER DIRECTOR & PRESIDENT 40.00 0.00 X X 581085 0 15376 PATRICIA GRAZZINI DEPUTY DIRECTOR AND CHIEF OPERATING OFFICER 40.00 0.00 X X 417343 0 34584 MARY INGEBRAND-POHLAD CHAIR 1.00 0.00 X X 0 0 0 KEN CUTLER VICE CHAIR 1.00 0.00 X X 0 0 0 GAYLE FUGUITT VICE CHAIR 1.00 0.00 X X 0 0 0 LIZ NORDLIE TREASURER 1.00 0.00 X X 0 0 0 JESSAMYN KERCHNER SECRETARY 1.00 0.00 X X 0 0 0 KARI ALLDREDGE ELECTIVE TRUSTEE 1.00 0.00 X 0 0 0 ELIZABETH ANDRUS ELECTIVE TRUSTEE 1.00 0.00 X 0 0 0 DAN AVCHEN ELECTIVE TRUSTEE 1.00 0.00 X 0 0 0 CHANDA SMITH BAKER ELECTIVE TRUSTEE 1.00 0.00 X 0 0 0 MAURICE BLANKS ELECTIVE TRUSTEE 1.00 0.00 X 0 0 0 JOHN BUTCHER ELECTIVE TRUSTEE 1.00 0.00 X 0 0 0 JAMES CAHN ELECTIVE TRUSTEE 1.00 0.00 X 0 0 0 JANNIE CARLSON ELECTIVE TRUSTEE 1.00 0.00 X 0 0 0 LYNN CASEY ELECTIVE TRUSTEE 1.00 0.00 X 0 0 0 PAGE KNUDSEN COWLES ELECTIVE TRUSTEE 1.00 0.00 X 0 0 0 BERT COLIANNI ELECTIVE TRUSTEE 1.00 0.00 X 0 0 0 JANE EMISON ELECTIVE TRUSTEE 1.00 0.00 X 0 0 0 NANCY ENGH ELECTIVE TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL FRANCIS ELECTIVE TRUSTEE 1.00 0.00 X 0 0 0 MARIA GALE ELECTIVE TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL GOAR ELECTIVE TRUSTEE 1.00 0.00 X 0 0 0 MARTHA HEAD ELECTIVE TRUSTEE 1.00 0.00 X 0 0 0 CHRISTOPHER HOWE ELECTIVE TRUSTEE 1.00 0.00 X 0 0 0 HUBERT JOLY ELECTIVE TRUSTEE 1.00 0.00 X 0 0 0 SHANNON SMITH JONES ELECTIVE TRUSTEE 1.00 0.00 X 0 0 0 AMY KERN ELECTIVE TRUSTEE 1.00 0.00 X 0 0 0 VELMA KORBEL ELECTIVE TRUSTEE 1.00 0.00 X 0 0 0 RICHARD KUNTZ ELECTIVE TRUSTEE 1.00 0.00 X 0 0 0 PATRICIA LEWIS ELECTIVE TRUSTEE 1.00 0.00 X 0 0 0 ROXANA LINARES ELECTIVE TRUSTEE 1.00 0.00 X 0 0 0 JAMIE LOCKAHRT ELECTIVE TRUSTEE 1.00 0.00 X 0 0 0 REID MACDONALD ELECTIVE TRUSTEE 1.00 0.00 X 0 0 0 NIVIN MACMILLAN ELECTIVE TRUSTEE 1.00 0.00 X 0 0 0 LUCY MITCHELL ELECTIVE TRUSTEE 1.00 0.00 X 0 0 0 LENI MOORE ELECTIVE TRUSTEE 1.00 0.00 X 0 0 0 SHEILA MORGAN ELECTIVE TRUSTEE 1.00 0.00 X 0 0 0 MAHMOUD MAGIB ELECTIVE TRUSTEE 1.00 0.00 X 0 0 0 LIZ NORDLIE ELECTIVE TRUSTEE 1.00 0.00 X 0 0 0 MARY OLSON ELECTIVE TRUSTEE 1.00 0.00 X 0 0 0 PIYUMI SAMARATUNGA ELECTIVE TRUSTEE 1.00 0.00 X 0 0 0 TOM SCHREIER ELECTIVE TRUSTEE 1.00 0.00 X 0 0 0 KATIE SIMPSON ELECTIVE TRUSTEE 1.00 0.00 X 0 0 0 ABDI WARSAME ELECTIVE TRUSTEE 1.00 0.00 X 0 0 0 TIM WELSH ELECTIVE TRUSTEE 1.00 0.00 X 0 0 0 JANE WILF ELECTIVE TRUSTEE 1.00 0.00 X 0 0 0 DAVID WILSON ELECTIVE TRUSTEE 1.00 0.00 X 0 0 0 BURTON COHEN LIFE TRUSTEE 1.00 0.00 X 0 0 0 BEVERLY GROSSMAN LIFE TRUSTEE 1.00 0.00 X 0 0 0 AL HARRISON LIFE TRUSTEE 1.00 0.00 X 0 0 0 DAVID M LEBEDOFF LIFE TRUSTEE 1.00 0.00 X 0 0 0 TIM WALZ GOVERNOR STATE OF MINNESOT TRUSTEE BY VIRTUE OF OFFICE 1.00 0.00 X 0 0 0 JACOB FREY MAYOR CITY OF MINNEAPOLI TRUSTEE BY VIRTUE OF OFFICE 1.00 0.00 X 0 0 0 KARI DZIEDZIC MINNESOTA STATE SENAT TRUSTEE BY VIRTUE OF OFFICE 1.00 0.00 X 0 0 0 JULIE ROSEN MINNESOTA STATE SENATOR TRUSTEE BY VIRTUE OF OFFICE 1.00 0.00 X 0 0 0 JERRY HERTAUS MINNESOTA STATE REPRE TRUSTEE BY VIRTUE OF OFFICE 1.00 0.00 X 0 0 0 RYAN WINKLER MINNESOTA STATE REPRES TRUSTEE BY VIRTUE OF OFFICE 1.00 0.00 X 0 0 0 IRENE FERNANDO CHAIR HENNEPIN COUNT TRUSTEE BY VIRTUE OF OFFICE 1.00 0.00 X 0 0 0 STEFFANIE MUSICH COMMISSIONER DISTR TRUSTEE BY VIRTUE OF OFFICE 1.00 0.00 X 0 0 0 JULIE HOLLAND PRESIDENT FRIENDS OF TRUSTEE BY VIRTUE OF OFFICE 1.00 0.00 X 0 0 0 KRISTIN PRESTEGAARD CHIEF ENGAGEMENT OFFICER 40.00 0.00 X 209385 0 17084 NICOLE BERNS SENIOR EXECUTIVE ASSISTANT TO DIRECTOR & PRESIDENT 40.00 0.00 X 73553 0 13834 MATTHEW WELCH DEPUTY DIRECTOR AND CHIEF CURATOR 40.00 0.00 X 286045 0 20616 JULIANNE AMENDOLA CHIEF ADVANCEMENT OFFICER 40.00 0.00 X 216729 0 17333 JAN-LODEWIJK GROOTAERS HEAD OF ARTS OF AFRICA THE AMERICAS/CURATOR OF AFR 40.00 0.00 X 159496 0 13521 ANDREAS MARKS CURATOR OF JAPANESE AND KOREAN ARTS 40.00 0.00 X 174662 0 14976 GHENETE ZELLEKE CURATOR OF DECREATIVE ARTS, TEXTILES, AND SCULPTUR 40.00 0.00 X 169688 0 15167 YANG LIU CURATOR OF CHINESE ART 40.00 0.00 X 169101 0 23933 CASEY RILEY CURATOR OF PHOTOGRAPHY & NEW MEDIA 40.00 0.00 X 154192 0 23173 THOMAS RASSIEUR CURATOR OF PRINTS DRAWINGS 40.00 0.00 X 161025 0 18187 2772304 0 227784 28 0 1 0 J E DUNN-NORTH CENTRAL 800 WASHINGTON AVENUE NORTH SUITE MINNEAPOLIS MN 55401 ADVERTISING 482735 CAPACITY INTERACTIVE CONSULTING BOX 83447 WOBURN MA 01813 ADVERTISING 378900 TRANSPORT CONSULTANTS INTERNATIONAL 30 S UNION AVE 2 CRANFORD NJ 07162 CONSULTING 320926 MONTICELLO ASSOCIATES 1800 LARIMER ST STE 2100 DENVER CO 80202 ASSET MGMT FEES 250000 HAMMEL GREEN AND ABRAHAMSON INC SDS 12-1861 PO BOX 86 MINNEAPOLIS MN 55486 ENGINEERING AND ARCHITECTURAL DESIGN 238410 11 1677632 174004 743844 16605532 24883146 8289298 44084158 RENTALS/REIMBURSEMENTS 532000 1328541 1074240 254301 PROGRAM ADMISSIONS/FEE 711130 1024988 1024988 CLASSES AND PROGRAMS 611610 84709 84709 OTHER PROGRAM SERVICE 611710 33708 33708 2471946 3663493 376299 3287194 18271 18271 30756686 27403880 3352806 3352806 3352806 45746 174004 120237 -74491 -74491 869914 406779 463135 463135 PARKING 812930 428637 428637 428637 54407955 2680780 630600 7012417 1814764 941970 740422 132372 12282875 10172829 1123861 986185 838596 702601 75822 60173 1879418 1528603 216866 133949 1035712 869807 92498 73407 259077 259077 275736 275736 60000 60000 1524193 1524193 3188884 2765457 279171 144256 468768 435576 20852 12340 2273263 1917952 219965 135346 849473 489906 197053 162514 2854903 2673986 152486 28431 509689 311474 71207 127008 22571 11400 9839 1332 2715030 2557817 143091 14122 400264 185995 214269 ACCESSIONS 8144967 8144967 OTHER MISCELLANEOUS 577541 114327 443337 19877 UBI TAXES 35361 35361 SHIPPING, CRATINGS, PAC 27948 27890 58 42039033 33887918 6119745 2031370 565072 7550446 12043557 12234864 2328683 3298804 5899688 5107953 142119 200748 425748 402884 120533983 63868371 58251977 56665612 35022476 32665586 200340202 170146214 74089452 63758715 389108974 352031826 4588040 5415286 194718 178700 924788 878758 5707546 6472744 X 105992285 96969000 277409143 248590082 383401428 345559082 389108974 352031826 X 12368922 -50119688 -91580 X 0 1 X 1 0 X 14857651 10989765 11902094 15440444 27478626 80668580 12673686 13696624 14539755 18187534 16605532 75703131 27531337 24686389 26441849 33627978 44084158 156371711 6466327 149905384 4608025 4918207 4142674 3180213 3305465 20154584 205566 37063 24198 11956 525163 803946 50212 61066 202590 1298551 1612419 178942660 17303607 0.83770 0.83490 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2018 AMOUNT: $ 50,212. 2019 AMOUNT: $ 61,066. 2020 AMOUNT: $ 202,590. 2021 AMOUNT: $ 428,637. GIFT SHOP SALES - 2021 AMOUNT: $ 869,914. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 1 60000 0 0 60000 0 PART II-B, LINE 1: A PROFESSIONAL LOBBYIST WAS CONTRACTED TO LOBBY ON BEHALF OF THE ORGANIZATION. A PORTION OF DUES TO THE MINNESOTA CITIZENS FOR THE ARTS IS USED FOR LOBBYING ACTIVITIES. X X X X 0 220039787 12835438 -34655808 9660635 188558782 173509048 6277187 49451265 9197713 220039787 174053685 3159108 5407279 9111024 173509048 176299042 1767989 5781138 9794484 174053685 172438272 887947 11437449 8464626 176299042 0.15090 0.74810 0.10100 0 1 1 8172071 8172071 100256142 52688834 47567308 11946037 11179537 766500 159733 159733 56665612 HEDGED EQUITY FUNDS 49839465 F DOMESTIC EQUITY 57080972 F INTERNATIONAL EQUITY 45733448 F PRIVATE CAPITAL 17492329 F 170146214 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 63758715 63758715 AMOUNTS DUE TO BENEFICIARIES 878758 878758 X 2946183 -50119688 435436 -49684252 52630435 1777520 1777520 54407955 40788529 527016 527016 40261513 1777520 1777520 42039033 PART III, LINE 1A: MIA'S COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE MIA'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENTS OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTIONS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR AS NET ASSETS WITH DONOR RESTRICTIONS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. PURCHASE ARE REFLECTED IN THE STATEMENTS OF ACTIVITIES AS ACCESSIONS. PROCEEDS FROM DE-ACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS. MIA'S COLLECTION ITEMS ARE CATALOGED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. PART V, LINE 4: NAMED ENDOWMENT FUNDS ESTABLISHED BY DONORS TO THE MIA PROVIDE AN ONGOING SOURCE OF INCOME FOR MUSEUM PROGRAMS AND ACQUISITION OF ART FOR THE MIA'S PERMANENT COLLECTION. PART X, LINE 2: MIA QUALIFIES AS A TAX-EXEMPT ORGANIZATION DESCRIBED IN SECTION 501(C)(3) AND IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(2) OF THE INTERNAL REVENUE CODE. HOWEVER, ANY UNRELATED BUSINESS INCOME MAY BE SUBJECT TO TAXATION. INCOME TAXES FOR UNRELATED BUSINESS INCOME ACTIVITIES ARE ACCRUED AND INCLUDED IN THE STATEMENTS OF ACTIVITIES IN THE YEAR INCURRED. MIA'S ACCOUNTING POLICY PROVIDES THAT A TAX EXPENSE OR BENEFIT FROM AN UNCERTAIN TAX POSITION MAY BE RECOGNIZED WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTIONS OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS. MIA HAS NO UNCERTAIN TAX POSITIONS RESULTING IN AN ACCRUAL OR TAX EXPENSE OR BENEFIT. MIA'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES 120,237. COST OF GOODS SOLD AND FREIGHT IN - MUSEUM SHOP 406,779. GAIN ON BENEFICIARY AGREEMENTS -91,580. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD AND FREIGHT IN - MUSEUM SHOP 406,779. SPECIAL EVENTS EXPENSES 120,237. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 76816875 EUROPE 0 0 INVESTMENTS.LIST 75 _ 2MCHA48838 - 05/03/22 16:56 PM WORKSHEET SCHEDULE F - STATEMENT OF ACTIVITIES 8514486 0 0 0 0 0 0 85331361 0 85331361 1 0 1 0 1 0 PART I, LINE 3: MIA IS REPORTING THE MARKET VALUE OF INVESTMENTS IN AND THE MARKET VALUE OF ART PURCHASED SCHEDULE F, PART I PART III ACCOUNTING METHOD: ART IN BLOOM 199040 153295 45745 70348 1500 GALA 20709 20709 48388 219749 174004 45745 70348 1500 48388 120236 -74491 X X X X X X 0 1 0 0 0 0 0 0 0 KATIE LUBER DIRECTOR & PRESIDENT 467992 0 75000 0 38093 0 0 0 15376 0 596461 0 0 0 PATRICIA GRAZZINI DEPUTY DIRECTOR AND CHIEF OPERATING 344553 0 0 0 72790 0 24750 0 9834 0 451927 0 0 0 MATTHEW WELCH DEPUTY DIRECTOR AND CHIEF CURATOR 286045 0 0 0 0 0 14449 0 6167 0 306661 0 0 0 JULIANNE AMENDOLA CHIEF ADVANCEMENT OFFICER 216729 0 0 0 0 0 10772 0 6561 0 234062 0 0 0 KRISTIN PRESTEGAARD CHIEF ENGAGEMENT OFFICER 209385 0 0 0 0 0 10532 0 6552 0 226469 0 0 0 YANG LIU CURATOR OF CHINESE ART 169101 0 0 0 0 0 8826 0 15107 0 193034 0 0 0 ANDREAS MARKS CURATOR OF JAPANESE AND KOREAN ARTS 174662 0 0 0 0 0 8809 0 6167 0 189638 0 0 0 GHENETE ZELLEKE CURATOR OF DECREATIVE ARTS, TEXTILES 169688 0 0 0 0 0 8683 0 6484 0 184855 0 0 0 THOMAS RASSIEUR CURATOR OF PRINTS DRAWINGS 161025 0 0 0 0 0 8337 0 9850 0 179212 0 0 0 CASEY RILEY CURATOR OF PHOTOGRAPHY & NEW MEDIA 154192 0 0 0 0 0 8094 0 15079 0 177365 0 0 0 JAN-LODEWIJK GROOTAERS HEAD OF ARTS OF AFRICA THE AMERICAS/ 159496 0 0 0 0 0 7868 0 5653 0 173017 0 0 0 PART I, LINE 4B PATRICIA GRAZZINI PARTICIPATES IN 457(B) AND 457(F) NON-QUALIFIED RETIREMENT PLANS APPROVED BY THE BOARD OF TRUSTEES. CONTRIBUTIONS FOR THESE PLANS ARE REFLECTED IN OTHER REPORTABLE COMPENSATION AND DEFERRED COMPENSATION. CHANGE IN VALUE TO THE 457(F) PLAN FOR CALENDAR YEAR 2021 TOTALED $72,790. KATIE LUBER PARTICIPATED IN 457(B) AND 457(F) NON-QUALIFIED RETIREMENT PLANS APPROVED BY THE BOARD OF TRUSTEES. CONTRIBUTIONS FOR THESE PLANS ARE REFLECTED IN OTHER REPORTABLE COMPENSATION AND DEFERRED COMPENSATION. CHANGE IN VALUE TO THE 457(F) PLAN FOR CALENDAR YEAR 2021 TOTALED $38,093. KAYWIN FELDMAN PARTICIPATED IN 457(B) AND 457(F) NON-QUALIFIED RETIREMENT PLANS APPROVED BY THE BOARD OF TRUSTEES. CONTRIBUTIONS FOR THESE PLANS ARE REFLECTED IN OTHER REPORTABLE COMPENSATION AND DEFERRED COMPENSATION. CHANGE IN VALUE TO THE 457(F) PLAN FOR CALENDAR YEAR 2021 TOTALED $28,521. X 865 N/A - SEE PART II X 39 6439298 QUOTED MARKET PRICES X 1 1850000 FAIR MARKET VALUE 61 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) IS THE NUMBER OF CONTRIBUTIONS. PART I, LINE 32B: MIA'S POLICY IS TO SELL THE GIFTS AS SOON AS POSSIBLE AFTER THE GIFT IS RECEIVED. GIFTS ARE VALUED USING THE AVERAGE OF THE QUOTED HIGH AND LOW PRICE AS OF THE GIFT DATE. PART I, LINE 33: PER THE STATEMENT OF FINANCIAL ACCOUNTING STANDARDS NO. 116, THE MIA HAS ELECTED THE OPTION TO NOT CAPITALIZE WORKS OF ART WHEN ACQUIRED THROUGH PURCHASE OR GIFT. IN MAKING THIS ELECTION, THE MIA CERTIFIES THAT IT'S COLLECTIONS: -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 AN ORGANIZATIONAL POLICY THAT REQUIRES THE PROCEEDS FROM SALES OF COLLECTION ITEMS TO BE USED TO ACQUIRE OTHER ITEMS FOR THE COLLECTIONS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIR, VICE CHAIRS, SECRETARY, TREASURER, DIRECTOR, AND CHAIR OF EACH COMMITTEE OF THE BOARD. THE PRIMARY PURPOSE OF THE EXECUTIVE COMMITTEE IS TO ASSIST THE BOARD IN FULFILLING ITS RESPONSIBILITIES WHEN IT IS NOT PRACTICAL OR FEASIBLE FOR THE FULL BOARD TO MEET AND DURING INTERVALS BETWEEN THE MEETINGS OF THE BOARD. IN THE EXERCISE OF SUCH POWERS, THE COMMITTEE IS RESPONSIBLE TO THE BOARD FOR ALL OF SUCH ACTS. FORM 990, PART VI, SECTION A, LINE 7A IN ADDITION TO THE ELECTIVE TRUSTEES, EACH OF THE FOLLOWING PERSONS, UPON HIS OR HER ACCEPTANCE, IS A MEMBER OF THE BOARD FOR THE RESPECTIVE TERM OF HIS OR HER OFFICE: THE GOVERNOR OF THE STATE OF MINNESOTA, THE MAYOR OF THE CITY OF MINNEAPOLIS, AND THE PRESIDENT OF THE FRIENDS OF THE INSTITUTE. OTHER EX-OFFICIO MEMBERS INCLUDE THOSE WHO FROM TIME TO TIME ARE APPOINTED BY THE EXECUTIVE COMMITTEE OF THE MIA: TWO MEMBERS OF EACH OF THE MINNESOTA SENATE AND HOUSE OF REPRESENTATIVES WHO RESIDE IN HENNEPIN COUNTY, AND ONE MEMBER OF EACH OF THE BOARD OF HENNEPIN COUNTY COMMISSIONERS AND THE MINNEAPOLIS PARK AND RECREATION BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY A PROFESSIONAL ACCOUNTING FIRM FROM INFORMATION PROVIDED BY THE MIA. THE CONTROLLER AND DEPUTY DIRECTOR AND COO OF MIA REVIEW THE FORM FOR ACCURACY. A COPY OF THE DRAFT FORM IS FIRST PROVIDED TO MEMBERS OF THE AUDIT AND EXECUTIVE COMMITTEES FOR REVIEW AND DISCUSSION PRIOR TO FILLING. UPON THEIR REVIEW, A FINAL COPY IS PROVIDED TO THE FULL BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, ALL MEMBERS OF THE BOARD OF TRUSTEES ARE ASKED TO COMPLETE A DISCLOSURE STATEMENT. EACH TRUSTEE IS RESPONSIBLE TO REPORT DEVELOPMENTS RELATIVE TO ACTIVITIES AS DEFINED IN THE MIA'S BYLAWS. IF SUCH A DEVELOPMENT ARISES AFTER COMPLETING THE ANNUAL DISCLOSURE FORM, THE TRUSTEE IS ASKED TO DISCLOSE TO THE BOARD ANY POSSIBLE CONFLICT OF INTEREST AT THE EARLIEST PRACTICABLE TIME. DISCLOSURE STATEMENTS ARE REVIEWED BY THE EXECUTIVE COMMITTEE AND THE POLICY MANAGEMENT TEAM. NO TRUSTEE SHALL VOTE ON ANY MATTER, UNDER CONSIDERATION OR AT A BOARD OR COMMITTEE MEETING, IN WHICH SUCH TRUSTEE HAS A CONFLICT OF INTEREST. THE MINUTES OF ANY SUCH MEETING WILL REFLECT THAT A DISCLOSURE WAS MADE AND THAT THE TRUSTEE HAVING A CONFLICT OF INTEREST ABSTAINED FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15A IT IS THE POLICY OF THE MIA THAT THE COMPENSATION PAID TO ITS EMPLOYEES IS REASONABLE AND COMPETITIVE IN RELATION TO COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS, SUBJECT TO BUDGETARY CONSIDERATIONS. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES SERVES AS THE COMPENSATION COMMITTEE (THE "COMMITTEE") AND IS RESPONSIBLE FOR COMPLIANCE WITH THE COMPENSATION POLICIES AND PROCEDURES. MEMBERS OF THE COMMITTEE WITH A CONFLICT OF INTEREST MUST RECUSE HIMSELF OR HERSELF FROM SUCH ACTION AND MAY NOT PARTICIPATE IN NOR BE PRESENT DURING ANY DISCUSSIONS, DELIBERATIONS OR DECISIONS. THE COMMITTEE SETS THE COMPENSATION OF THE DIRECTOR & PRESIDENT. THE DIRECTOR & PRESIDENT MAKES RECOMMENDATIONS TO THE COMMITTEE AS TO THE COMPENSATION OF POSITIONS REPORTED ON THE FORM 990 BUT DOES NOT PARTICIPATE IN ANY VOTE WITH RESPECT TO APPROVING THEIR COMPENSATION. THE DIRECTOR & PRESIDENT SETS THE COMPENSATION OF ALL OTHER EMPLOYEES NOT GOVERNED BY UNION CONTRACTS. ACCOMPANYING THIS POLICY IS A SET OF BOARD-APPROVED PROCEDURES. THE COMMITTEE AND THE DIRECTOR & PRESIDENT OBTAIN AND USE COMPARABILITY DATA PRIOR TO AND IN CONNECTION WITH THE DETERMINATION AND APPROVAL OF ALL COMPENSATION. THE COMPARABILITY DATA INCLUDES BUT IS NOT LIMITED TO: CURRENT COMPENSATION AND BENEFITS DATA FROM COMPARABLE TAX-EXEMPT AND, IN SOME CASES, TAXABLE ORGANIZATIONS, FOR FUNCTIONALLY COMPARABLE POSITIONS REQUIRING SIMILAR SKILLS, EDUCATION, AND EXPERIENCE; THE LOCATION OF THE ORGANIZATION (INCLUDING THE AVAILABILITY OF QUALIFIED PEOPLE IN THE GEOGRAPHIC AREA); INDEPENDENT PAY SURVEYS BY NATIONALLY RECOGNIZED FIRMS; ACTUAL WRITTEN OFFERS FROM SIMILAR INSTITUTIONS COMPETING FOR THE SERVICES OF THE PERSON; THE NUMBER OF EMPLOYEES AND THE ASSETS, BUDGET OR REVENUES SUPERVISED; AND ANY UNUSUAL CHALLENGES. THE COMMITTEE AND THE DIRECTOR & PRESIDENT ARE REQUIRED TO DOCUMENT ALL ASPECTS OF ALL PROCEEDINGS REGARDING THE COMPARABILITY DATA AS WELL AS THE APPROVAL OF ALL COMPENSATION. THESE PROCESSES WERE LAST PERFORMED IN JUNE OF 2022. FORM 990, PART VI, SECTION C, LINE 19 THE MIA MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF AMOUNTS DUE BENEFICIARIES -91,580. 2368 ISLES LLC 2400 THIRD AVENUE SOUTH MINNEAPOLIS MN 55404 REAL ESTATE MN 1650000 0 MINNEAPOLIS SOCIETY OF FINE ARTS JOHN R VAN DERLIP TRUST UW PO BOX 64713 ST PAUL MN 55164 416015288 PERPETUAL TRUST MN 4947(A)(1) LINE 12C, III-FI MINNEAPOLIS SOCIETY OF FINE ARTS 1 ETHEL M VAN DERLIP TRUST UW PO BOX 64713 ST PAUL MN 55164 416014949 PERPETUAL TRUST MN 501(C)(3) LINE 12C, III-FI MINNEAPOLIS SOCIETY OF FINE ARTS 1 LILLIAN ZENOBIA TURNBLAD TRUST UW PO BOX 64713 ST PAUL MN 55164 416015498 PERPETUAL TRUST MN 501(C)(3) LINE 12C, III-FI MINNEAPOLIS SOCIETY OF FINE ARTS 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 JOHN R VAN DERLIP TRUST C 2237989 CASH TRANSFERRED ETHEL M VAN DERLIP TRUST C 582047 CASH TRANSFERRED LILLIAN ZENOBIA TURNBLAD TRUST C 67037 CASH TRANSFERRED