2021-05-12T15:32:18-05:00 2020-06-30 381357951 PLANTE & MORAN PLLC 2601 CAMBRIDGE CT STE 500 AUBURN HILLS MI 48326 990 2019-07-01 381359510 THE DETROIT INSTITUTE OF ARTS DETR 3138337900 5200 WOODWARD AVENUE DETROIT MI 482024008 ROBERT BOWEN EXECUTIVE VICE PRESIDENT/CFO 3138337900 2021-05-06 1 LYNNE M HUISMANN P00053811 2483757100 2021-05-06 2019 2022-09-23 18:48:47Z SALVADOR SALORT-PONS 5200 WOODWARD AVENUE DETROIT MI 482024008 204799725 0 X WWW.DIA.ORG X 1885 MI THE DIA CREATES EXPERIENCES THAT HELP EACH VISITOR FIND PERSONAL MEANING IN ART. 48 48 477 789 -540812 -545787 60838116 66959432 4207826 1970749 10373732 6237070 681819 441261 76101493 75608512 0 0 0 0 19931996 21190282 57798 32559 3673771 35965805 27726278 55955599 48949119 20145894 26659393 403115494 427159377 24871485 15290876 378244009 411868501 THE DIA CREATES EXPERIENCES THAT HELP EACH VISITOR FIND PERSONAL MEANING IN ART AND WITH EACH OTHER. 0 0 18547528 70318 STEWARDSHIP, CARE, ACCESS, PRESERVATION AND ACQUISITION OF THE COLLECTION: THE DETROIT INSTITUTE OF ARTS, IS AMONG THE TOP TEN ENCYCLOPEDIC MUSEUMS IN THE UNITED STATES. CORE TO DIA'S STEWARDSHIP ACTIVITIES IS THE LONG-TERM CARE AND PRESERVATION OF THE COLLECTION. DIA PROVIDES ACCESS TO REAL WORKS OF ART THROUGH INNOVATIVE GALLERY INSTALLATIONS, WORLD-CLASS EXHIBITIONS, SCHOLARSHIP, INTERPRETATION AND PUBLICATIONS. THE DIA PURCHASES OBJECTS INTENDED TO ENHANCE THE ARTISTIC QUALITY OF ITS COLLECTION AND TO BE RELEVANT TO OUR COMMUNITIES. PURCHASED ACQUISITIONS USE RESTRICTED FUNDS ESTABLISHED THROUGH DONATIONS TO THE MUSEUM. FY20 ACQUISITIONS AMOUNTED TO $4,278,606. THE DIA ACQUIRES ART OBJECTS THROUGH GIFTS TO THE MUSEUM FROM DONORS. FY20 GIFTS AMOUNTED TO $4,624,429. 12688732 2144984 AUDIENCE ENGAGEMENT: FROM THE FIRST VAN GOGH PAINTING TO ENTER A U.S. MUSEUM TO DIEGO RIVERA'S WORLD-RENOWNED "DETROIT INDUSTRY" MURALS, THE DIA PROVIDES VISITOR FOCUSED, ONE-OF-A-KIND ACCESS TO HISTORY AND CULTURES NOT FOUND IN BOOKS, ON TV OR ON THE INTERNET. VISITORS EXPERIENCE TOURS IN THE GALLERIES, SPECIAL EXHIBITIONS, LIVE MUSIC, FILMS, ART-MAKING AND FAMILY PROGRAMS THE DIA IS COMMITTED TO CELEBRATING THE ARTS THROUGHOUT THE REGION, MOST NOTABLY WITH THE NATIONALLY ACCLAIMED INSIDE/OUT INSTALLATIONS OF HIGH-QUALITY REPRODUCTIONS PLACED IN LOCAL COMMUNITIES. 3185566 0 EDUCATION: THE DIA IS A LEADER IN EDUCATION, PROVIDING FREE K-12 FIELD TRIPS TO ONE OF THE NATION'S BEST ART MUSEUMS. STUDENTS GET A UNIQUE OPPORTUNITY TO SEE WORLD RENOWNED ARTWORK, HISTORY AND CULTURE NOT FOUND IN CLASSROOMS TODAY. ENGAGEMENT STRATEGIES INCLUDE CRITICAL THINKING SKILLS, HANDS-ON ACTIVITIES, WRITING, ROLE PLAYING, DIALOGUE AND TEAM BUILDING. A MENU OF 21 GUIDED EXPERIENCES HELP TEACHERS DETERMINE WHICH MUSEUM EXPERIENCE BEST REINFORCE CURRICULUM LEARNING OUTCOMES. MORE THAN 1,600 TEACHERS ANNUALLY ATTEND DIA WORKSHOPS THAT PROMOTE ARTS ENRICHMENT EXPERIENCES FOR STUDENTS. 34421826 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 0 1 0 0 0 1 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 1 169 0 1 477 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 48 48 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MI X X ROBERT BOWEN 3138337900 5200 WOODWARD AVE DETROIT MI 48202 SALVADOR SALORT-PONS DIRECTOR, PRESIDENT AND CEO 40.00 0.00 X 447119 0 30465 ROBERT BOWEN EXECUTIVE VICE PRESIDENT/CFO/TREASURER 40.00 0.00 X 243058 0 22257 NINA HOLDEN SENIOR VICE PRESIDENT/CHIEF DEVELOPMENT OFFICER 40.00 0.00 X 298552 0 28434 DAVID FLYNN SENIOR VICE PRESIDENT, PUBLIC & COMMUNITY AFFAIRS 40.00 0.00 X 199217 0 17188 MELISSA PENA GALLIS EXECUTIVE DIRECTOR, HUMAN RESOURCES 40.00 0.00 X 138685 0 25468 NII QUARCOOPOME DEPT HEAD OF AFRICA,OCEANA & IND AMERICA 40.00 0.00 X 138600 0 17523 JOHN STEELE VICE PRESIDENT, EXHIBITIONS, COLLECTIONS & INFORMA 40.00 0.00 X 136213 0 15142 ALAN DARR SENIOR CURATOR OF EUROPEAN PAINTINGS/SCULPTURE 40.00 0.00 X 127280 0 25546 EUGENE A GARGARO JR CHAIRMAN 20.00 0.00 X 0 0 0 BONNIE LARSON VICE CHAIR 3.00 0.00 X 0 0 0 JOHN D LEWIS VICE CHAIR 3.00 0.00 X 0 0 0 LAWRENCE GARCIA SECRETARY 3.00 0.00 X 0 0 0 LARRY ALEXANDER BOARD MEMBER 2.00 0.00 X 0 0 0 ANN E BERMAN BOARD MEMBER 2.00 0.00 X 0 0 0 DR CHARLES BOYD BOARD MEMBER 2.00 0.00 X 0 0 0 RICHARD A BRODIE BOARD MEMBER 3.00 0.00 X 0 0 0 LINDSEY FORD BUHL BOARD MEMBER 2.00 0.00 X 0 0 0 DENISE ANTON DAVID BOARD MEMBER 2.00 0.00 X 0 0 0 LILLIAN DEMAS BOARD MEMBER 3.00 0.00 X 0 0 0 ANDREA ROUMELL DICKSON BOARD MEMBER 2.00 0.00 X 0 0 0 MARLA DONOVAN BOARD MEMBER 3.00 0.00 X 0 0 0 CYNTHIA FORD BOARD MEMBER 2.00 0.00 X 0 0 0 ANNE G FREDERICKS BOARD MEMBER 2.00 0.00 X 0 0 0 DR ANTOINE GARIBALDI BOARD MEMBER 2.00 0.00 X 0 0 0 RALPH J GERSON BOARD MEMBER 2.00 0.00 X 0 0 0 CHRISTINE GIAMPETRONI BOARD MEMBER 2.00 0.00 X 0 0 0 JENNIFER GILBERT BOARD MEMBER 2.00 0.00 X 0 0 0 MARY ANN GORLIN BOARD MEMBER 2.00 0.00 X 0 0 0 THOMAS GUASTELLO BOARD MEMBER 2.00 0.00 X 0 0 0 JOHN HANTZ BOARD MEMBER 3.00 0.00 X 0 0 0 DR JAMES B JACOBS BOARD MEMBER 2.00 0.00 X 0 0 0 ROBERT JACOBS BOARD MEMBER 2.00 0.00 X 0 0 0 MARY KRAMER BOARD MEMBER 2.00 0.00 X 0 0 0 DAVID LARSEN BOARD MEMBER 2.00 0.00 X 0 0 0 MATTHEW B LESTER BOARD MEMBER 2.00 0.00 X 0 0 0 HUBERT MASSEY BOARD MEMBER 2.00 0.00 X 0 0 0 DR ALI MOIIN BOARD MEMBER 2.00 0.00 X 0 0 0 PETER B OLEKSIAK BOARD MEMBER 3.00 0.00 X 0 0 0 TAKASHI OMITSU BOARD MEMBER 2.00 0.00 X 0 0 0 LINDA ORLANS BOARD MEMBER 2.00 0.00 X 0 0 0 JENNIFER HUDSON PARKE BOARD MEMBER 2.00 0.00 X 0 0 0 MOHAMMAD QAZI BOARD MEMBER 2.00 0.00 X 0 0 0 DR IRVIN REID BOARD MEMBER 2.00 0.00 X 0 0 0 DONALD RITZENHEIN BOARD MEMBER 2.00 0.00 X 0 0 0 JULIE ROTHSTEIN BOARD MEMBER 3.00 0.00 X 0 0 0 TONY SAUNDERS BOARD MEMBER 2.00 0.00 X 0 0 0 RENATA SEALS EVANS BOARD MEMBER 2.00 0.00 X 0 0 0 SUZANNE SHANK BOARD MEMBER 2.00 0.00 X 0 0 0 CHRISTINE SITEK BOARD MEMBER 2.00 0.00 X 0 0 0 BUZZ THOMAS BOARD MEMBER 2.00 0.00 X 0 0 0 DR LORNA THOMAS BOARD MEMBER 2.00 0.00 X 0 0 0 REGINALD M TURNER JR BOARD MEMBER 3.00 0.00 X 0 0 0 MOLLY VALADE BOARD MEMBER 2.00 0.00 X 0 0 0 PADMA VATTIKUTI BOARD MEMBER 2.00 0.00 X 0 0 0 CAROL WALTERS BOARD MEMBER 2.00 0.00 X 0 0 0 DR CELESTE WATKINS-HAYES BOARD MEMBER 2.00 0.00 X 0 0 0 ETHAN DAVIDSON BOARD MEMBER - PARTIAL YEAR 1.00 0.00 X 0 0 0 LAURA HUGHES BOARD MEMBER - PARTIAL YEAR 1.00 0.00 X 0 0 0 JULIETTE OKOTIE-EBOH BOARD MEMBER - PARTIAL YEAR 1.00 0.00 X 0 0 0 ALEX PARRISH BOARD MEMBER - PARTIAL YEAR 1.00 0.00 X 0 0 0 MARC A SCHWARTZ BOARD MEMBER - PARTIAL YEAR 1.00 0.00 X 0 0 0 JAMES VELLA BOARD MEMBER - PARTIAL YEAR 1.00 0.00 X 0 0 0 MARK ZEFFIRO BOARD MEMBER - PARTIAL YEAR 1.00 0.00 X 0 0 0 1728724 0 182023 22 0 1 0 CULINAIRE INTERNATIONAL INC 8303 ELMBROOK DR DALLAS TX 75247 MANAGEMENT OF FOOD SERVICES 401609 HONIGMAN LLP 2290 FIRST NATIONAL BLDG DETROIT MI 48226 LEGAL SERVICES 394258 KEATING CONTRACTING LLC 22775 KESLIP DRIVE NOVI MI 48375 CONSTRUCTION 298536 SIEMENS INDUSTRY INC PO BOX 2134 CAROL STREAM IL 30132 CONTRACTOR 252284 FORTE - BELANGER 700 STEPHENSON HWY TROY MI 48083 EVENT FOOD AND BEVERAGE 234290 20 3097248 1928932 34935263 26997989 4641945 66959432 MUSEUM SERVICES 712110 869137 869137 ENTERPRISE ACTIVITIES 900099 725553 241083 484470 LEARNING & AUDIENCE ENGAGEMENT 712110 304577 304577 STEWARDSHIP & CARE COLLECTION 900099 38113 38113 AUXILIARY & VOLUNTEER GROUPS 712110 33369 33369 1970749 5640409 -540812 6181221 20170 20170 306496 0 306496 306496 306496 128331550 127734889 596661 596661 596661 208853 1928932 816088 -607235 -607235 1322127 640236 681891 681891 OTHER MISC REVENUE 900099 21757 8780 12977 ART, LECTURE AND DOCENT FEES 900099 18182 18182 39939 75608512 2215302 -540812 6974590 1052632 1052632 15863429 12289056 1639814 1934559 708736 546673 76005 86058 2333345 1727634 333745 271966 1232140 899087 191518 141535 485038 485038 189930 189930 868340 860000 8340 32559 32559 2625953 2625953 2545297 1783415 548628 213254 2008973 4574 1987678 16721 1576610 745892 625249 205469 1006416 537182 393076 76158 201436 168574 7247 25615 18088 2088 15908 92 135154 853 134301 1028892 893586 134251 1055 656694 539189 117505 ART ACQUISITIONS 8903035 8903035 UTILITIES 1817258 1817258 EQUIPMENT & FACILITIES 1611438 1372979 214921 23538 BUS SUBSIDIES 490176 490176 1557550 840575 206084 510891 48949119 34421826 10853522 3673771 25673046 33648878 43699975 44468645 3934179 2742351 400922 605512 562495 652557 30016244 6235459 24202825 23780785 82159794 49209208 222324556 269987004 157702 2064437 403115494 427159377 2423475 775226 12201296 201207 4476727 8201654 5769987 6112789 24871485 15290876 X 208589593 231586745 169654416 180281756 378244009 411868501 403115494 427159377 X 26659393 5516492 1448607 X X 0 1 X 1 0 X 26824213 24467560 25668717 34783290 32024169 143767949 23382553 23853455 25447441 26054826 34935263 133673538 50206766 48321015 51116158 60838116 66959432 277441487 277441487 7066813 5263682 6738867 7399454 5967075 32435891 16548239 344030 253662 263608 208853 17618392 327495770 28279731 0.84720 0.82880 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GAIN ON EARLY EXTINGUISHMENT OF DEBT - 2015 AMOUNT: $ 16,235,426. OTHER INCOME - 2015 AMOUNT: $ 13,052. FUNDRAISING REVENUE - 2015 AMOUNT: $ 299,761. 2016 AMOUNT: $ 344,030. 2017 AMOUNT: $ 253,662. 2018 AMOUNT: $ 263,608. 2019 AMOUNT: $ 208,853. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 868340 868340 48080779 48949119 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 11837 8098 8425 868340 896700 250000 250000 250000 250000 1000000 1500000 X X X X 0 280615272 12562317 7168157 570426 299775320 240729237 27551535 13738890 1404390 280615272 215686197 10295047 15633087 885094 240729237 188048945 9321788 17904355 -411109 215686197 170939059 10105521 -3485392 -10489757 188048945 0.49000 0.38000 0.13000 1 0 2667703 2667703 15551863 2138385 13413478 6012714 438774 5573940 2145477 1246187 899290 3638487 2412113 1226374 23780785 ALTERNATIVE INVESTMENTS 269987004 F 269987004 POST RETIREMENT HEALTHCARE OBLIGATION 3600584 ACCRUED PAYROLL AND OTHER EMPLOYEE 2512205 6112789 75952901 5516492 621955 1456324 7594771 68358130 2625953 4624429 7250382 75608512 43777016 621955 621955 43155061 2625953 3168105 5794058 48949119 PART III, LINE 1A: IN CONFORMITY WITH ALLOWABLE MUSEUM FINANCIAL STATEMENT PRESENTATION PRACTICE, THE VALUE OF THE ART COLLECTION IS EXCLUDED FROM THE STATEMENTS OF FINANCIAL POSITION, AND, AS SUCH, PURCHASES FOR THE COLLECTION ARE RECORDED AS EXPENDITURES FOR THE ACQUISITION OF ART OBJECTS ON THE STATEMENT OF ACTIVITIES IN THE YEAR IN WHICH THE OBJECTS ARE ACQUIRED. SUCH ART IS ACCESSIONED TO THE PERMANENT COLLECTION OF THE MUSEUM UPON APPROVAL OF THE BOARD. PART III, LINE 4: THE WORKS OF ART ARE HELD IN CHARITABLE TRUST FOR EDUCATIONAL, RESEARCH AND CURATORIAL SERVICES. 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. THESE ACTIVITIES INCLUDE, BUT ARE NOT LIMITED TO, OPERATIONS, STAFF POSITIONS, ART ACQUISITIONS, ETC. PART XI, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF SPECIAL EVENTS & ACTIVITIES 816,088. COST OF GOODS SOLD 640,236. PART XI, LINE 4B - OTHER ADJUSTMENTS: GIFTS OF WORKS OF ART 4,624,429. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES OF SPECIAL EVENTS & ACTIVITIES -816,088. COST OF GOODS SOLD -640,236. GIFTS OF WORKS OF ART 4,624,429. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 129914392 0 0 0 0 0 0 129914392 0 129914392 1 0 1 1 1 0 PART III ACCOUNTING METHOD: X X X X X X X 1 RUFFALO CODY PO BOX 3048 CEDAR RAPIDS IA 52406 MEMBERSHIP RENEWAL CALLING 0 85619 27568 58051 FALCON FUNDRAISING INC 1690 WATERTOWER PLACE SUITE 400A LANSING MI 48823 ANNUAL FUND AND LAPSED MEMBER CALLING 0 45510 4991 40519 131129 32559 98570 MI DETROIT COLLECTS GALA 1427679 1331454 96225 118718 161448 25000 141229 FASH BASH 589628 508418 81210 94186 113099 98074 3 120478 89060 31418 35297 13500 15537 2137785 1928932 208853 212904 309844 38500 254840 816088 -607235 X X 1 1 X X X 0 0 0 0 0 0 0 0 0 SALVADOR SALORT-PONS DIRECTOR, PRESIDENT AND CEO 446921 0 0 0 198 0 14000 0 16465 0 477584 0 0 0 ROBERT BOWEN EXECUTIVE VICE PRESIDENT/CFO/TREASUR 241382 0 0 0 1676 0 12250 0 10007 0 265315 0 0 0 NINA HOLDEN SENIOR VICE PRESIDENT/CHIEF DEVELOPM 298354 0 0 0 198 0 14000 0 14434 0 326986 0 0 0 DAVID FLYNN SENIOR VICE PRESIDENT, PUBLIC & COMM 199111 0 0 0 106 0 10000 0 7188 0 216405 0 0 0 MELISSA PENA GALLIS EXECUTIVE DIRECTOR, HUMAN RESOURCES 138574 0 0 0 111 0 7129 0 18339 0 164153 0 0 0 NII QUARCOOPOME DEPT HEAD OF AFRICA,OCEANA & IND AME 137900 0 0 0 700 0 4154 0 13369 0 156123 0 0 0 JOHN STEELE VICE PRESIDENT, EXHIBITIONS, COLLECT 135762 0 0 0 451 0 6887 0 8255 0 151355 0 0 0 ALAN DARR SENIOR CURATOR OF EUROPEAN PAINTINGS 126512 0 0 0 768 0 6462 0 19084 0 152826 0 0 0 PART I, LINE 1A AS DIRECTOR FOR THE MUSEUM, SALVADOR SALORT-PONS ATTENDS FUNDRAISING AND OTHER PROFESSIONAL EVENTS IN WHICH HIS SPOUSE PARTICIPATES FOR THE BENEFIT OF THE ORGANIZATION. IN SUCH CASES, SPOUSAL TRAVEL IS PAID FOR BY THE ORGANIZATION. THE DIRECTOR RECEIVED A PAID MEMBERSHIP TO ONE BUSINESS CLUB, WHERE HE CONNECTS WITH SUPPORTERS OF THE ORGANIZATION, THE ARTS AND OTHER COMMUNITY, POLITICAL AND BUSINESS LEADERS OF IMPORTANCE TO THE ORGANIZATION. PART I, LINE 3 THE DIRECTOR IS EMPLOYED UNDER TERMS OF A FIVE YEAR CONTRACT EXPIRING 12/31/2020. X 497 4624429 DONOR STATED VALUE X 7532 DONOR STATED VALUE X IN KIND GIFTS HOSPITALITY 5 6284 DONOR STATED VALUE X IN KIND INVENTORY 1 3700 DONOR STATED VALUE 7 0 1 1 PART I, LINE 32B: THE DIA USES AUCTION HOUSES (PRIMARILY SOTHEBY'S AND CHRISTIE'S) TO SELL GIFTS OR WORKS OF ART NOT ACCEPTED INTO THE COLLECTION. FORM 990, PART G, GROSS RECEIPTS: GROSS RECEIPTS INCLUDES GROSS PROCEEDS FROM SALES OF INVESTMENT SECURITIES RATHER THAN JUST NET GAIN. THIS ARTIFICIALLY INFLATES THE GROSS RECEIPTS AMOUNT BY APPROXIMATELY $127,800,000. FORM 990, PART VI, SECTION A, LINE 2 DR. LORNA THOMAS AND BUZZ THOMAS HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE TAX FIRM WHICH PREPARES THE DIA FORM 990 PROVIDES A PRESENTATION AND REVIEW OF THE TAX RETURN TO THE AUDIT COMMITTEE. UPON COMPLETION OF THE AUDIT COMMITTEE REVIEW, THE FORM 990 IS MADE AVAILABLE TO ALL BOARD MEMBERS IN ADVANCE OF FINAL FILE SUBMISSION TO THE IRS. A BOARD RESOLUTION IS NOT REQUIRED IN ORDER FOR THE FORM 990 TO BE FILED. FORM 990, PART VI, SECTION B, LINE 12C THE DIA'S CONFLICT OF INTEREST POLICY IS PROVIDED TO ALL STAFF UPON JOINING THE DIA. THE 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 REINFORCED 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. NEW DIA BOARD MEMBERS ARE REQUIRED TO COMPLETE A FORM NOTING ALL AFFILIATIONS. ON AN ANNUAL BASIS DIA BOARD MEMBERS PROVIDE AN UPDATE OF RELATIONSHIPS AND AFFILIATIONS WHICH ARE REVIEWED TO DETERMINE POTENTIAL CONFLICT 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. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE DIA'S DIRECTOR/CEO AND THE DIA'S EXECUTIVE VICE PRESIDENT IS DETERMINED BY THE COMPENSATION COMMITTEE OF THE DIA'S BOARD OF DIRECTORS, IN ACCORDANCE WITH ALL APPLICABLE EMPLOYMENT AGREEMENT TERMS AND CONDITIONS. AMONG OTHER FACTORS, THE COMPENSATION COMMITTEE CONSIDERS COMPARABILITY DATA PROVIDED BY THE ASSOCIATION OF ART MUSEUM DIRECTORS ANNUAL SALARY SURVEY, LOCAL MARKET CONDITIONS, AND EXECUTIVE PERFORMANCE. ANY DEVIATION FROM TERMS CONTAINED IN ANY APPLICABLE EMPLOYMENT CONTRACT MUST BE MUTUALLY AGREED TO BY THE DIA AND THE IMPACTED EMPLOYEE. THE DIRECTOR IS EMPLOYED UNDER TERMS OF A CONTRACT EXPIRING 12/31/2020. TERMS WERE REVIEWED AND APPROVED BY THE TRI-COUNTY ARTS AUTHORITIES. 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 CONFLICTS OF INTEREST ARE MADE AVAILABLE UPON REQUEST BY THE PUBLIC. FORM 990, PART XI, LINE 9: INCREASE IN OVER FUNDED PENSION PLAN OBLIGATION 1,873,695. CHANGE IN POST RETIREMENT HEALTHCARE OBLIGATION -425,088. FORM 990, PART XII, LINE 2C: AUDIT COMMITTEE IS RESPONSIBLE FOR OVERSIGHT OF AUDIT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FSDIA ACQUISITIONS CO 5200 WOODWARD AVE DETROIT MI 48202 383416266 INVESTMENT COMPANY MI THE DETROIT INSTITUTE OF ARTS C -77936 1000 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0