2019-05-13T11:04:52-05:00 2018-06-30 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2017-07-01 410693915 MINNEAPOLIS SOCIETY OF FINE ARTS DBA MINNEAPOLIS INSTITUTE OF ARTS MINN 6128703000 2400 THIRD AVENUE SOUTH MINNEAPOLIS MN 55404 PATRICIA GRAZZINI DEPUTY DIRECTOR/COO/ASST TREAS 6128703000 2019-05-10 1 KAREN GRIES P00078514 6123764500 67.137.57.251 2019-05-10 08:42:41 CD P 912999D8D5E4D9097136BAD3000543774677FD22 48943B999F87A455DDDAC2F617771C67E5F72438 2017 2019-02-21 02:37:17Z MINNEAPOLIS INSTITUTE OF ART PATRICIA GRAZZINI 2400 THIRD AVENUE SOUTH MINNEAPOLIS MN 55404 112073634 0 X WWW.ARTSMIA.ORG X 1883 MN ENRICHING THE COMMUNITY BY COLLECTING, PRESERVING AND MAKING ACCESSIBLE OUTSTANDING WORKS OF ART 63 60 432 426 205566 118120 22426890 27531336 4584748 2955680 7484437 15017406 435877 -2187 34931952 45502235 0 0 0 0 20481264 20777967 13211 94190 2116235 21186636 22095081 41681111 42967238 -6749159 2534997 338486531 339939654 15478693 12038330 323007838 327901324 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 19439252 0 730107 EXHIBITIONS: -POWER AND BEAUTY IN CHINA'S LAST DYNASTY-EYEWITNESS VIEWS: MAKING HISTORY IN 18TH CENTURY EUROPE-ART AND HEALING: IN THE MOMENT-ALIZA NISENBAUM: A PLACE WE SHARE-EXCAVATING THE FUTURE CITY: PHOTOGRAPHS BY NAOYA HATAKEYAMA-NEW PICTURES: OMER FAST, APPENDIX-NEW PICTURES: AMAR KANWAR: SUCH A MORNING-HARD BODIES: CONTEMPORARY JAPANESE LACQUER SCULPTURE-BOUNDLESS PEAKS: INK PAINTINGS BY MINOL ARAKI-I AM SOMALI: THREE VISUAL ARTISTS FROM THE TWIN CITIES-JOE SINESS: FLOWERS-JENNIFER NEVITT: SANS TERRE-ESSMA IMADY: THICKER THAN WATER-ANNE COLLIER: WOMEN WITH CAMERAS (SELFIES)-KENNETH TAM: COLD OPENPUBLICATIONS PRODUCED IN FY18:-ANDREAS MARKS, HARD BODIES: CONTEMPORARY JAPANESE LACQUER SCULPTURE-AARON RIO, BOUNDLESS PEAKS: INK PAINTINGS BY MINOL ARAKI 5783541 0 205852 ACQUISITIONS:ACQUISITIONS BRING NEW STRENGTH TO THE COLLECTION. THE PERMANENT COLLECTION IS ALWAYS AT THE CORE OF OUR WORK. IN FY18, 888 EXCEPTIONAL OBJECTS WERE ACQUIRED ENRICHING EACH OF THE 7 CURATORIAL AREAS. 3893863 0 323152 EDUCATIONAL OUTREACH AND PUBLIC PROGRAMS:WITH A STRONG COMMITMENT TO OUTREACH AND EDUCATION, MIA COMPLEMENTS ITS COLLECTION AND EXHIBITIONS WITH A WIDE ARRAY OF PUBLIC PROGRAMS WHICH INCLUDE POPULAR YOUTH AND FAMILY PROGRAMS, STUDENT AND ADULT CLASSES, SEMINARS, LECTURES, DEMONSTRATIONS, CONCERTS, AND FILMS. THROUGH THE MUSEUM'S COMPREHENSIVE SCHOOL SERVICES PROGRAM, EDUCATORS AND COMMUNITY VOLUNTEERS BROUGHT ART INTO THE LIVES OF STUDENTS, THROUGH BOTH CLASSROOM AND MUSEUM VISITS.DURING THE 2018 FISCAL YEAR:-MIA'S ART ADVENTURE PROGRAM SERVED MORE THAN 70,000 KIDS IN 160 SCHOOLS ACROSS THE STATE.-ANOTHER 60,000 KIDS CAME TO MIA ON SCHOOL TOURS.-MIA TRAINED MORE THAN 1,600 PARENT VOLUNTEERS TO LEAD IN-SCHOOL ART ADVENTURE LESSONS.-MIA PROVIDED FREE BUS GRANTS TO SCHOOLS IN NEED, ENABLING MORE THAN 12,000 STUDENTS TO VISIT THE MUSEUM.-MIA'S FREE MONTHLY FAMILY DAYS HAD 46,000 ATTENDEES IN FY18.-ROCK THE CRADLE, A SPECIAL FAMILY DAY IN FEBRUARY DREW 8,000 VISITORS IN ONE DAY.-RATED T @ MIA, A FREE TEEN SOCIAL EVENT, HELD TWO EVENTS WITH 150 TEENS ATTENDING.-MOBILE MIA, THE MUSEUM'S SPECIALLY DESIGNED BICYCLE, DELIVERED ART ACTIVITIES TO 1,375 YOUTH AND FAMILIES.-MIA HELD ITS FIRST SOMALI FAMILY NIGHT WITH 1,041 PEOPLE ATTENDING.-ABOUT 100 VISITORS PARTICIPATED IN MIA'S TOUCH TOURS FOR VISITOR'S WHO ARE BLIND OR HAVE LOW VISION, ASL-INTERPRETED TOURS, AND TOURS FOR ENGLISH LANGUAGE LEARNERS. 5838274 0 851779 ATTENDANCE - 711,128 MIA MEMBERSHIP - 36,951 IN FY18, MIA ORGANIZED A VARIETY OF PROGRAMS TO SUPPORT AND ENGAGE OUR COMMUNITY. SOME EXAMPLES ARE: THE CENTER FOR EMPATHY AND THE VISUAL ARTS, AN INITIATIVE LAUNCHED BY MIA TO RESEARCH, EXPLORE, AND SHARE BEST PRACTICES FOR FOSTERING EMPATHY AND RELATED EMOTIONAL SKILLS USING ART; THE 3M ART AND TECHNOLOGY COMPETITION, WHICH RECOGNIZES ARTISTRY AND INNOVATION IN THE FIELD OF TECHNOLOGY; AND THE MUSEUM AS SITE FOR SOCIAL ACTION (MASS ACTION), A PROJECT TO BRING MORE EQUITABLE AND INCLUSIVE PRACTICES INTO MUSEUMS. THE MINNEAPOLIS INSTITUTE OF ART IS INTERNATIONALLY RENOWNED AS ONE OF THE GREAT AMERICAN ART MUSEUMS. IN A BEAUTIFUL LANDMARK STRUCTURE NEAR DOWNTOWN MINNEAPOLIS, THE MUSEUM HOUSES A WORLD-CLASS COLLECTION OF MORE THAN 90,000 WORKS OF ART, REPRESENTING ARTISTIC TRADITIONS AND TREASURES SPANNING 5,000 YEARS. WITH A FREE ADMISSIONS POLICY, MIA IS AN INVALUABLE RESOURCE TO THE COMMUNITY, WELCOMING VISITORS OF ALL AGES. 5838274 0 851779 34954930 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 1 0 0 0 1 0 0 1 1 0 0 0 0 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 0 0 0 1 206 0 432 1 1 1 0 0 0 0 1 1 0 0 0 0 X 63 60 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN CA X KRIS DAVIDSON 6128703064 2400 THIRD AVENUE SOUTH MINNEAPOLIS MN 55404 KAYWIN FELDMAN DIRECTOR AND PRESIDENT 40.00 X X 577484 0 35088 NIVIN MACMILLAN CHAIR 1.00 X X 0 0 0 JOHN LINDAHL VICE CHAIR 1.00 X X 0 0 0 RICK KING TREASURER 1.00 X X 0 0 0 ELIZABETH ANDRUS SECRETARY 1.00 X X 0 0 0 KARI ALLDREGE ELECTIVE TRUSTEE 1.00 X 0 0 0 GARY BHOJWANI ELECTIVE TRUSTEE 1.00 X 0 0 0 MAURICE BLANKS ELECTIVE TRUSTEE 1.00 X 0 0 0 JENNIE CARLSON ELECTIVE TRUSTEE 1.00 X 0 0 0 LYNN CASEY ELECTIVE TRUSTEE 1.00 X 0 0 0 KITTY CROSBY ELECTIVE TRUSTEE 1.00 X 0 0 0 KEN CUTLER ELECTIVE TRUSTEE 1.00 X 0 0 0 PAGE COWLES ELECTIVE TRUSTEE 1.00 X 0 0 0 ERIC DAYTON ELECTIVE TRUSTEE 1.00 X 0 0 0 WENDY DAYTON ELECTIVE TRUSTEE 1.00 X 0 0 0 JANE EMISON ELECTIVE TRUSTEE 1.00 X 0 0 0 NANCY ENGH ELECTIVE TRUSTEE 1.00 X 0 0 0 SHANNON JONES ELECTIVE TRUSTEE 1.00 X 0 0 0 MICHAEL FRANCIS ELECTIVE TRUSTEE 1.00 X 0 0 0 GAYLE FUGUITT ELECTIVE TRUSTEE 1.00 X 0 0 0 NICK GANGESTAD ELECTIVE TRUSTEE 1.00 X 0 0 0 MICHAEL GOAR ELECTIVE TRUSTEE 1.00 X 0 0 0 MARY INGEBRAND POHLAD ELECTIVE TRUSTEE 1.00 X 0 0 0 HUBERT JOLY ELECTIVE TRUSTEE 1.00 X 0 0 0 JESSAMYN KERCHNER ELECTIVE TRUSTEE 1.00 X 0 0 0 RICK KUNTZ ELECTIVE TRUSTEE 1.00 X 0 0 0 MARK LACEK ELECTIVE TRUSTEE 1.00 X 0 0 0 ROXANA LINARES ELECTIVE TRUSTEE 1.00 X 0 0 0 REID MACDONALD ELECTIVE TRUSTEE 1.00 X 0 0 0 DONALD MACMILLAN ELECTIVE TRUSTEE 1.00 X 0 0 0 BRENT MAGID ELECTIVE TRUSTEE 1.00 X 0 0 0 SUSAN MARVIN ELECTIVE TRUSTEE 1.00 X 0 0 0 LUCY MITCHELL ELECTIVE TRUSTEE 1.00 X 0 0 0 LENI MOORE ELECTIVE TRUSTEE 1.00 X 0 0 0 SHEILA MORGAN ELECTIVE TRUSTEE 1.00 X 0 0 0 LIZ NORDLIE ELECTIVE TRUSTEE 1.00 X 0 0 0 RAVI NORMAN ELECTIVE TRUSTEE 1.00 X 0 0 0 MARY OLSON ELECTIVE TRUSTEE 1.00 X 0 0 0 MIKE REGER ELECTIVE TRUSTEE 1.00 X 0 0 0 ABIGAIL ROSE ELECTIVE TRUSTEE 1.00 X 0 0 0 PIYUMA SAMARATUNGA ELECTIVE TRUSTEE 1.00 X 0 0 0 TOM SCHREIER ELECTIVE TRUSTEE 1.00 X 0 0 0 MARIANNE SHORT ELECTIVE TRUSTEE 1.00 X 0 0 0 KATIE SIMPSON ELECTIVE TRUSTEE 1.00 X 0 0 0 ROGER SIT ELECTIVE TRUSTEE 1.00 X 0 0 0 SHARON SMITH-AKINSAYA ELECTIVE TRUSTEE 1.00 X 0 0 0 MIKE SNOW ELECTIVE TRUSTEE 1.00 X 0 0 0 RALPH STRANGIS ELECTIVE TRUSTEE 1.00 X 0 0 0 KEVIN WARREN ELECTIVE TRUSTEE 1.00 X 0 0 0 LORI WATSO ELECTIVE TRUSTEE 1.00 X 0 0 0 YUSUF WAZIRZADA ELECTIVE TRUSTEE 1.00 X 0 0 0 JANE WILF ELECTIVE TRUSTEE 1.00 X 0 0 0 DAVID WILSON LIFE TRUSTEE 1.00 X 0 0 0 BURTON COHEN LIFE TRUSTEE 1.00 X 0 0 0 BEVERLY GROSSMAN LIFE TRUSTEE 1.00 X 0 0 0 ALFRED HARRISON LIFE TRUSTEE 1.00 X 0 0 0 DAVID LEBEDOFF LIFE TRUSTEE 1.00 X 0 0 0 BOB ULRICH LIFE TRUSTEE 1.00 X 0 0 0 BRAD BOURN TRUSTEE BY VIRTUE OF OFFICE 1.00 X 0 0 0 GOVERNOR MARK DAYTON TRUSTEE BY VIRTUE OF OFFICE 1.00 X 0 0 0 MAYOR BETSY HODGES TRUSTEE BY VIRTUE OF OFFICE 1.00 X 0 0 0 SENATOR KARI DZIEDZIC TRUSTEE BY VIRTUE OF OFFICE 1.00 X 0 0 0 SENATOR JULIE ROSEN TRUSTEE BY VIRTUE OF OFFICE 1.00 X 0 0 0 RESPRESENTATIVE JENIFER LOON TRUSTEE BY VIRTUE OF OFFICE 1.00 X 0 0 0 REPRESENTATIVE PAUL THISSEN TRUSTEE BY VIRTUE OF OFFICE 1.00 X 0 0 0 CHAIR JAN CALLISON TRUSTEE BY VIRTUE OF OFFICE 1.00 X 0 0 0 COMMISSIONER ANITA TAB TRUSTEE BY VIRTUE OF OFFICE 1.00 X 0 0 0 CONNIE SOMMERS TRUSTEE BY VIRTUE OF OFFICE 1.00 X 0 0 0 BRAD BOURN TRUSTEE BY VIRTUE OF OFFICE 1.00 X 0 0 0 KATIE REMOLE TRUSTEE BY VIRTUE OF OFFICE 1.00 X 0 0 0 MICHELE NICHOLS SECRETARY 40.00 X 87820 0 13300 PATRICIA GRAZZINI ASSISTANT TREASURER 40.00 X 845617 0 32688 DOUGLAS HEGLEY CHIEF DIGITAL OFFICER 40.00 X 202319 0 24159 KRISTEN PRESTEGAARD HEAD OF AUDIENCE ENGAGEMENT 40.00 X 181774 0 15694 MATTHEW WELCH DEPUTY DIRECTOR AND CHIEF CURATOR 40.00 X 255369 0 22322 JULIANNE AMENDOLA HEAD OF ADVANCEMENT 40.00 X 192333 0 18782 GHENETE ZELLEKE CURATOR OF DECORATIVE ARTS, TEXTILES, AND SCULPTUR 40.00 X 171049 0 22506 ANDREAS MARKS CURATOR OF JAPANESE AND KOREAN ARTS 40.00 X 157560 0 13809 PATRICK NOON HEAD OF PAINTINGS 40.00 X 175015 0 18350 THOMAS RASSIEUR CURATOR OF PRINTS AND DRAWINGS 40.00 X 152753 0 13620 2999093 0 230318 10 0 1 0 V-STAR ENTERTAINMENT GROUP 44 NORTHERN STACKS DR SUITE 200 FRIDLEY MN 55421 EXHIBITION INSTALLATION SERVICES 358408 MONTICELLO ASSOCIATES 1800 LARIMER STREET SUITE 2100 DENVER CO 80202 INVESTMENT ADVISOR 200000 TRANSPORT CONSULTANT INTL 30 UNION AVE S CRANFORD NJ 07016 SHIPPERS 173269 DAVID CHIPPERFIELD ARCHITECTS LTD 11 YORK ROAD LONDON UK SE1 7NX MASTERPLAN ARCHITECT 168189 DATABASE SHERPA LLC 460 SLIGH BLVD NE GRAND RAPIDS MI 49505 SOFTWARE IMPLEMENTATION SUPPORT 162470 6 1618856 1019022 12673686 12219772 528691 27531336 RENTALS/REIMBURSEMENTS 532000 1057346 851780 205566 PROGRAM ADMISSIONS/FEES 900099 730107 730107 PARKING 812930 639224 639224 CLASSES AND PROGRAMS 900099 323152 323152 DEACCESSIONS 900099 205851 205851 2955680 4608025 4608025 75959631 65550250 10409381 10409381 10409381 358896 1019022 622594 -263698 -263698 660066 398555 261511 261511 45502235 2110890 205566 15654443 2115951 1043967 789975 282009 15200640 12588875 1424193 1187572 584955 483988 56004 44963 1763874 1429473 199670 134731 1112547 922396 105472 84679 171904 5845 166059 142704 142704 94190 94190 1445634 1445634 2866353 2527521 282516 56316 568192 529753 32160 6279 1182108 1056071 99096 26941 789845 427263 207361 155221 2784551 2519814 245368 19369 768633 655695 108906 4032 81330 51421 28944 965 2946982 2773110 158253 15619 498600 231203 267397 ACCESSIONS 5524964 5524964 ARCHITECTURAL SERVICES 854253 854253 EXHIBITION LOAN FEES 665565 665565 SHIPPING, CRATINGS, PAC 518694 518694 284769 145059 136361 3349 42967238 34954930 5896073 2116235 6800 6650 22181705 14951835 3272633 4861793 10178926 11376272 257288 213829 349465 438470 119049796 56718460 64149253 62331336 75753626 72028375 101192656 111441898 61144179 62289196 338486531 339939654 8197382 4451121 6135503 6586090 1145808 1001119 15478693 12038330 X 97323748 96708373 49749255 53225182 175934835 177967769 323007838 327901324 338486531 339939654 X 2534997 2281274 77215 X 0 1 X 1 0 X 22244563 33143155 11858259 10413359 14857651 92516987 10405215 10730895 11099742 12013531 12673686 56923069 32649778 43874050 22958001 22426890 27531337 149440056 7784003 141656053 4670429 5415694 5069316 5355873 4608025 25119337 18340 7399 42728 205566 274033 174833426 20284803 0.81020 0.80840 X X X X X 0 172438272 887947 11437449 8464626 176299042 159821539 341553 20355586 8080406 172438272 169608914 1632245 -3837688 7581932 159821539 152768111 20894143 2898627 6951967 169608914 128955806 11235796 19089818 6513309 152768111 0.16900 0.64700 0.18400 0 0 9144633 9144633 96689997 44952989 51737008 13153324 11765471 1387853 61842 61842 62331336 HEDGED EQUITY FUNDS 48772939 F DOMESTIC EQUITY 27347154 F INTERNATIONAL EQUITY 34302983 F PRIVATE CAPITAL 1018822 F 111441898 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 62289196 62289196 AMOUNTS DUE TO BENEFICIARIES 1001119 1001119 X 47435386 2281274 8900 1088611 3378785 44056601 1445634 1445634 45502235 42541900 8900 1011396 1020296 41521604 1445634 1445634 42967238 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 UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR AS TEMPORARILY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. PURCHASES 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 622,595. COST OF GOODS SOLD AND FREIGHT IN - MUSEUM SHOP 398,555. GAIN ON BENEFICIARY AGREEMENTS 77,215. DIFFERENCE IN DRAW - TRUSTS -9,754. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD AND FREIGHT IN - MUSEUM SHOP 398,555. SPECIAL EVENTS EXPENSES 622,595. DIFFERENCE IN DRAW - TRUSTS -9,754. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 47116182 EUROPE 0 0 INVESTMENTS 6329417 0 0 0 0 0 0 53445599 0 53445599 1 0 1 0 0 0 PART I, LINE 3: MIA IS REPORTING THE MARKET VALUE OF INVESTMENTS IN SCHEDULE F, PART I. X X X X X X X 1 MARTS & LUNDY 1200 WALL STREET WEST 5TH FLOOR LYNDHURST NJ 07071 CAMPAIGN CONSULTING 0 0 94190 0 94190 MN GALA 941958 815268 126690 97976 22660 301943 ART IN BLOOM 374260 198174 176086 36961 5240 123611 1 61700 5580 56120 13613 1000 19590 1377918 1019022 358896 148550 28900 445144 622594 -263698 X X X X X X 0 1 0 0 0 0 0 0 0 KAYWIN FELDMAN DIRECTOR AND PRESIDENT 526010 0 0 0 51474 0 26250 0 8838 0 612572 0 23987 0 PATRICIA GRAZZINI ASSISTANT TREASURER 305683 0 0 0 539934 0 23850 0 8838 0 878305 0 503741 0 DOUGLAS HEGLEY CHIEF DIGITAL OFFICER 202319 0 0 0 0 0 10507 0 13652 0 226478 0 0 0 KRISTEN PRESTEGAARD HEAD OF AUDIENCE ENGAGEMENT 177774 0 4000 0 0 0 9505 0 6189 0 197468 0 0 0 MATTHEW WELCH DEPUTY DIRECTOR AND CHIEF CURATOR 254885 0 0 0 484 0 13070 0 9252 0 277691 0 0 0 JULIANNE AMENDOLA HEAD OF ADVANCEMENT 192333 0 0 0 0 0 9589 0 9193 0 211115 0 0 0 GHENETE ZELLEKE CURATOR OF DECORATIVE ARTS, TEXTILES 170728 0 0 0 321 0 0 0 22506 0 193555 0 0 0 ANDREAS MARKS CURATOR OF JAPANESE AND KOREAN ARTS 157266 0 0 0 294 0 7951 0 5858 0 171369 0 0 0 PATRICK NOON HEAD OF PAINTINGS 174852 0 0 0 163 0 9187 0 9163 0 193365 0 0 0 THOMAS RASSIEUR CURATOR OF PRINTS AND DRAWINGS 152465 0 0 0 288 0 7762 0 5858 0 166373 0 0 0 PART I, LINE 4B KAYWIN FELDMAN PARTICIPATES IN 457(B) AND 457(F) NON-QUALIFIED RETIREMENT PLANS APPROVED BY THE BOARD OF TRUSTEES ON JULY 1, 2010 AND DECEMBER 1, 2011, RESPECTIVELY. CONTRIBUTIONS FOR THESE PLANS ARE REFLECTED IN OTHER REPORTABLE COMPENSATION AND DEFERRED COMPENSATION. CONTRIBUTIONS AND CHANGE IN VALUE TO THE 457(F) PLAN FOR CALENDAR YEAR 2017 TOTALED $23,987. PATRICIA GRAZZINI PARTICIPATES IN 457(B) AND 457(F) NON-QUALIFIED RETIREMENT PLANS APPROVED BY THE BOARD OF TRUSTEES ON DECEMBER 17, 2001. CONTRIBUTIONS FOR THESE PLANS ARE REFLECTED IN OTHER REPORTABLE COMPENSATION AND DEFERRED COMPENSATION. CONTRIBUTIONS AND CHANGE IN VALUE TO THE 457(F) PLAN FOR CALENDAR YEAR 2017 TOTALED $503,741. ROGER SIT - SIT INVESTMENT ASSOCIATES ELECTED TRUSTEE 182343 INVESTMENT MANAGEMENT FEES 0 RALPH STRANGIS - SIT INVESTMENT ASSOCIATES ELECTED TRUSTEE 182343 INVESTMENT MANAGEMENT FEES 0 SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: MIA HAS CONTRACTED WITH SIT INVESTMENT ASSOCIATES FOR INVESTMENT MANAGEMENT. ROGER SIT, MIA TRUSTEE, IS AN EMPLOYEE AND EXECUTIVE OFFICER AND OR SHAREHOLDER OF SIT INVESTMENT ASSOCIATES. RALPH STRANGIS, MIA TRUSTEE, IS A DIRECTOR, SHAREHOLDER, AND TRUSTEE OF TRUSTS HOLDING SHARES OF STOCK OF SIT INVESTMENT ASSOCIATES. X 123 N/A - SEE PART II X 46 528691 QUOTED MARKET PRICES 45 0 1 1 PART I, COLUMN (B): MIA REPORTS NUMBER OF CONTRIBUTIONS ON SCHEDULE M, PART I, COLUMN B. PART I, LINE 32B: THE MIA USES THE SERVICES OF A BROKERAGE FIRM TO SELL GIFTS OF SECURITIES. THE 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 1 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 2 KITTY CROSBY AND LUCY MITCHELL - FAMILY RELATIONSHIP ERIC DAYTON, MARK DAYTON, WENDY DAYTON - FAMILY RELATIONSHIP 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 15 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 FOR OTHER POSITIONS REPORTED ON 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 THE 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 2018. 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: GAIN ON BENEFICIARY AGREEMENTS 77,215. JOHN R VAN DERLIP TRUST PO BOX 64713 ST PAUL MN 55164 416015288 PERPETUAL TRUST MN 501(C)(3) PF MINNEAPOLIS SOCIETY OF FINE ARTS 1 ETHEL M VAN DERLIP TRUST PO BOX 64713 ST PAUL MN 55164 416014949 PERPETUAL TRUST MN 501(C)(3) PF MINNEAPOLIS SOCIETY OF FINE ARTS 1 LILLIAN ZENOBIA TURNBLAD TRUST PO BOX 64713 ST PAUL MN 55164 416015498 PERPETUAL TRUST MN 501(C)(3) PF MINNEAPOLIS SOCIETY OF FINE ARTS 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0