2018-05-14T12:49:48-05:00 2017-06-30 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2016-07-01 410693915 MINNEAPOLIS SOCIETY OF FINE ARTS DBA MMINNEAPOLIS INSTITUTE OF ART MINN 6128703000 2400 THIRD AVENUE SOUTH MINNEAPOLIS MN 55404 PATRICIA GRAZZINI DEPUTY DIRECTOR/COO/ASST TREAS 6128703000 2018-05-11 1 SARAH REICHLING P01587996 6123764500 2016 2022-09-23 18:48:47Z MINNEAPOLIS INSTITUTE OF ART KAYWIN FELDMAN 2400 THIRD AVENUE SOUTH MINNEAPOLIS MN 55404 147126413 0 X WWW.ARTSMIA.ORG X 1883 MN ENRICHING THE COMMUNITY BY COLLECTING, PRESERVING AND MAKING ACCESSIBLE OUTSTANDING WORKS OF ART 58 57 440 438 42728 5404 22958001 22426890 3172986 4584748 10191621 7484437 264041 435877 36586649 34931952 0 0 0 0 19172086 20481264 0 13211 2129625 20006811 21186636 39178897 41681111 -2592248 -6749159 320012473 338486531 11800656 15478693 308211817 323007838 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 17911639 0 2736647 EXHIBITIONS:EXHIBITIONS BRING NEW INSIGHTS TO ART. OUR GALLERIES ARE FILLED WITH A DIVERSE AND RICH SPECTRUM OF EXHIBITIONS, PRODUCED FROM EITHER ORIGINAL SCHOLARSHIP OR THROUGH PARTNERSHIPS WITH OTHER LEADING ART MUSEUMS. MIA PRODUCED 36 EXHIBITIONS AND 2 PUBLICATIONS DURING THE PAST YEAR. MAJOR EXHIBITIONS IN FY17 INCLUDE: - MARTIN LUTHER: ART AND THE REFORMATION- GUILLERMO DEL TORO: AT HOME WITH MONSTERS- SEEING NATURE: LANDSCAPE MASTERWORKS FROM THE PAUL G. ALLEN FAMILY COLLECTION- RESISTANCE, PROTEST, RESILIENCE- NEW PICTURES: THE PROPELLER GROUP, REINCARNATIONS- NEW PICTURES: LESLIE HEWITT, A SERIES OF PROJECTIONS- MATRIMONIAL BLISS: CHAGALL'S DOUBLE PORTRAIT WITH WINE GLASS- MATERIAL GIRLS: LIVING IN THE FIRST MATERIAL WORLD- DAVE MUELLER: NOW WHERE WERE WE- LIVING ROOMS PUBLICATIONS PRODUCED IN FY17:- LIU YANG, INK UNBOUND: PAINTINGS BY LIU DAN- THE COLLECTION: HIGHLIGHTS FROM THE MINNEAPOLIS INSTITUTE OF ART 6426623 0 103850 ACQUISITIONS:ACQUISITIONS BRING NEW STRENGTH TO THE COLLECTION. THE PERMANENT COLLECTION IS ALWAYS AT THE CORE OF OUR WORK. IN FY17, 1,050 EXCEPTIONAL OBJECTS WERE ACQUIRED ENRICHING EACH OF THE 7 CURATORIAL AREAS. 3624441 0 237984 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.72,318 STUDENTS WERE SERVED BY THE MUSEUM'S ART ADVENTURE PROGRAM IN THEIR SCHOOLS.67,812 K-12 STUDENTS AND 5,287 PARENT CHAPERONES TOURED THE MUSEUM.1,156 TEACHERS AND ART ADVENTURE VOLUNTEERS RECEIVED MUSEUM TRAINING.675 PRESCHOOLERS VISITED THE MUSEUM FOR AN ARTFUL STORIES TOUR.52,015 KIDS AND FAMILIES TOOK PART IN OUR FREE MONTHLY FAMILY DAYS.248 INDIVIDUALS PARTICIPATED IN "DISCOVER YOUR STORY" TOURS FOR PEOPLE WITH ALZHEIMER'S DISEASE AND THEIR CAREGIVERS.9,136 ADULTS PARTICIPATED IN MIA LECTURES, WORKSHOPS AND FILMS.6,079 STUDENTS PARTICIPATED IN OUR COMMUNITY ARTS PROGRAMS, WHICH INCLUDED COLLABORATIONS WITH THE MINNEAPOLIS PARK AND RECREATION BOARD AND HENNEPIN COUNTY LIBRARIES. 268 ONGOING PARTNERSHIPS WITH SCHOOLS AND COMMUNITY ORGANIZATIONS, ALONG WITH VASTLY POPULAR OFFERINGS OF SCHOOL TOURS TO STUDENTS ACROSS THE METRO AREA.22 VISITORS CAME FOR SPANISH LANGUAGE TOURS.192 VETERANS PARTICIPATED IN VETERANS' ART CONNECTED TOURS. 5960866 0 748217 A CULTURAL HIGHLIGHT OF THE TWIN CITIES, THE MINNEAPOLIS INSTITUTE OF ART (MIA) IS INTERNATIONALLY RENOWNED AS ONE OF THE GREAT ENCYCLOPEDIC FINE ART MUSEUMS. IN A BEAUTIFUL LANDMARK STRUCTURE NEAR DOWNTOWN MINNEAPOLIS, THE MUSEUM HOUSES A WORLD-CLASS COLLECTION OF MORE THAN 89,000 WORKS OF ART, REPRESENTING ARTISTIC TRADITIONS AND TREASURES SPANNING 5,000 YEARS. MIA, WITH ITS FREE ADMISSIONS POLICY, IS AN INVALUABLE RESOURCE TO THE COMMUNITY, WELCOMING VISITORS OF ALL AGES TO ENJOY THE WONDER AND BEAUTY OF ART.DURING THE 2017 FISCAL YEAR, A RECORD-BREAKING 891,206 PEOPLE VISITED MIA, WITH AN ADDITIONAL 3.4 MILLION "VIRTUAL VISITORS" EXPLORING THE MUSEUM'S COLLECTIONS AND EXHIBITIONS VIA ITS AWARD-WINNING WEB SITES, WWW. ARTSMIA.ORG, AND AN ADDITIONAL 33.2 MILLION IMPRESSIONS ON MIA'S SOCIAL MEDIA SITES, INCLUDING FACEBOOK, TWITTER, YOUTUBE, VIMEO, INSTAGRAM, AND FLICKR. MIA HAD OVER 36,899 MEMBERS DURING THE FISCAL YEAR.WITH A STRONG COMMITMENT TO OUTREACH AND EDUCATION, MIA COMPLEMENTS ITS COLLECTION AND EXHIBITIONS WITH A WIDE ARRAY OF PUBLIC PROGRAMS, CLASSES, LECTURES, AND SPECIAL EVENTS. THROUGH MIA'S COMPREHENSIVE SCHOOL SERVICES PROGRAM, EDUCATORS AND COMMUNITY VOLUNTEERS DURING FISCAL YEAR 2017 BROUGHT ART INTO THE LIVES OF OVER 155,987 STUDENTS, THROUGH BOTH CLASSROOM AND MUSEUM VISITS. 5960866 0 748217 33923569 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 1 0 1 1 1 0 0 0 1 0 0 0 1 182 0 440 1 1 1 0 0 0 0 1 1 0 0 0 0 X 58 57 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X KRIS DAVIDSON 6128703064 2400 THIRD AVENUE SOUTH MINNEAPOLIS MN 55404 KAYWIN FELDMAN DIRECTOR AND PRESIDENT 40.00 X X 971815 0 33588 MAURICE BLANKS CHAIR 1.00 X X 0 0 0 NANCY ENGH VICE CHAIR 1.00 X X 0 0 0 JOHN LINDAHL TREASURER 1.00 X X 0 0 0 MARIANNE SHORT SECRETARY 1.00 X X 0 0 0 KARI ALLDREGE ELECTIVE TRUSTEE 1.00 X 0 0 0 LIBBY ANDRUS ELECTIVE TRUSTEE 1.00 X 0 0 0 GARY BHOJWANI 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 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 MICHAEL FERNANDEZ 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 RICK KING ELECTIVE TRUSTEE 1.00 X 0 0 0 LARRY KLOTH ELECTIVE TRUSTEE 1.00 X 0 0 0 MARK LACEK 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 NIVIN 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 TOM SCHREIER ELECTIVE TRUSTEE 1.00 X 0 0 0 ROGER SIT ELECTIVE TRUSTEE 1.00 X 0 0 0 RALPH STRANGIS ELECTIVE TRUSTEE 1.00 X 0 0 0 MIKE SNOW 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 JANE WILF ELECTIVE TRUSTEE 1.00 X 0 0 0 DAVID WILSON ELECTIVE TRUSTEE 1.00 X 0 0 0 SANDRA BUTLER 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 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 REPRESENTATIVE 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 MICHELE NICHOLS ASSISTANT SECRETARY 40.00 X 88481 0 14091 PATRICIA GRAZZINI ASSISTANT TREASURER 40.00 X 316022 0 33588 DOUGLAS HEGLEY CHIEF DIGITAL OFFICER 40.00 X 201837 0 25496 KRISTEN PRESTEGAARD HEAD OF AUDIENCE ENGAGEMENT 40.00 X 167316 0 15181 MATTHEW WELCH DEPUTY DIRECTOR AND CHIEF CURATOR 40.00 X 251846 0 19207 JULIANNE AMENDOLA HEAD OF ADVANCEMENT 40.00 X 188956 0 19529 YANG LIU HEAD OF ASIAN ART AND CURATOR OF CHINESE, SOUTH AN 40.00 X 148650 0 22375 ANDREAS MARKS CURATOR OF JAPANESE AND KOREAN ARTS 40.00 X 153770 0 14212 PATRICK NOON HEAD OF PAINTINGS 40.00 X 170114 0 19033 THOMAS RASSIEUR CURATOR OF PRINTS AND DRAWINGS 40.00 X 152597 0 14179 2811404 0 230479 17 0 1 0 MASTERPIECE INTERNATIONAL-NY 39 BROADWAY SUITE 4210 NEW YORK NY 10006 SHIPPING 674270 MIDWEST ART CONSERVATION CENTER 2400 THIRD AVE S MINNEAPOLIS MN 55404 ART CONSERVATION 159770 MONTICELLO ASSOCIATES 1800 LARIMER STREET SUITE 2100 DENVER CO 80202 INVESTMENT ADVISOR 150000 SCHAFFER FINE ARTS SERVICES 315 MORTON STREET WEST ST PAUL MN 55107 EXHIBITION PREPARATION SERVICES 120948 FINN PARTNERS 301 EAST 57TH STREET NEW YORK NY 10022 PUBLIC RELATIONS 106062 6 2006166 1034642 12013531 7372551 482728 22426890 PROGRAM ADMISSIONS/FEES 900099 2736647 2736647 RENTALS/REIMBURSEMENTS 532000 790946 748218 42728 PARKING 812930 715322 715322 CLASSES AND PROGRAMS 900099 237983 237983 DEACCESSIONS 900099 103850 103850 4584748 5355873 5355873 113288188 111159624 2128564 2128564 2128564 273677 1034642 426914 -153237 -153237 1197037 607923 589114 589114 34931952 3826698 42728 8635636 2125736 1063579 752250 309907 14659053 12226786 1278715 1153552 552805 460512 50250 42043 2077357 1694021 225832 157504 1066313 889162 96452 80699 143951 143951 152696 152696 68000 68000 13211 13211 1445768 1445768 2352839 1926804 259635 166400 710923 644016 20955 45952 1471013 1321876 102329 46808 481008 259107 181252 40649 2865539 2623439 208084 34016 599699 481550 101083 17066 63151 38971 21125 3055 7255 7255 3004703 2827425 161353 15925 480364 218539 261825 ACCESSIONS 6337590 6337590 SHIPPING, CRATINGS, PAC 788866 788866 DUES AND SUBSCRIPTIONS 142438 64400 75200 2838 70833 56926 13907 41681111 33923569 5627917 2129625 6950 6800 18034706 22181705 4892591 3272633 9180380 10178926 434675 257288 321446 349465 117947370 53798117 66647029 64149253 80722391 75753626 82164930 101192656 57607375 61144179 320012473 338486531 4437396 8197382 5704409 6135503 477739 0 1181112 1145808 11800656 15478693 X 92992863 97323748 43162476 49749255 172056478 175934835 308211817 323007838 320012473 338486531 X -6749159 21605927 -60747 X 0 1 X 1 0 X 16030423 22244563 33143155 11858259 10413359 93689759 10694913 10405215 10730895 11099742 12013531 54944296 26725336 32649778 43874050 22958001 22426890 148634055 7796287 140837768 5005439 4670429 5415694 5069316 5355873 25516751 18340 7399 42728 68467 174219273 21653951 0.80840 0.71780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 1 68000 0 0 68000 0 PART II-B, LINE 1: THE LOBBYIST AND CONSULTANTS RETAINED BY THE MIA PROVIDE GENERAL COUNSEL REGARDING COMMUNITY, GOVERNMENT, AND NONPROFIT ISSUES. THE CONSULTANTS DID NOT LOBBY ON BEHALF OF THE MIA. X X X X 0 159821539 341553 20355586 8080406 172438272 169608914 1632245 -3837688 7581932 159821539 152768111 20894143 2898627 6951967 169608914 128955806 11235796 19089818 6513309 152768111 115823294 4234105 15070104 6171697 128955806 0.16800 0.65600 0.17600 0 0 9144633 9144633 95924521 42582864 53341657 12813324 11215253 1598071 64892 64892 64149253 HEDGED EQUITY FUNDS 38522551 F DOMESTIC EQUITY 26414536 F INTERNATIONAL EQUITY 36255569 F 101192656 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 61144179 61144179 AMOUNTS DUE TO BENEFICIARIES 1145808 1145808 X 56232840 21605927 171800 968929 22746656 33486184 1445768 1445768 34931952 41436819 171800 1029676 1201476 40235343 1445768 1445768 41681111 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 426,914. COST OF GOODS SOLD AND FREIGHT IN - MUSEUM SHOP 607,923. LOSS ON BENEFICIARY AGREEMENTS -60,747. DIFFERENCE IN DRAW - TRUSTS -5,161. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD AND FREIGHT IN - MUSEUM SHOP 607,923. SPECIAL EVENTS EXPENSES 426,914. DIFFERENCE IN DRAW - TRUSTS -5,161. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 47470926 0 0 0 0 0 0 47470926 0 47470926 1 0 1 0 0 0 PART I, LINE 3: MIA IS REPORTING THE MARKET VALUE OF INVESTMENTS IN SCHEDULE F, PART I. GALA 868688 778438 90250 65120 8350 142242 ART IN BLOOM 351027 218719 132308 30341 13129 156936 1 88604 37485 51119 663 800 9333 1308319 1034642 273677 96124 22279 308511 426914 -153237 X X X X X X 0 1 0 0 0 0 0 0 0 KAYWIN FELDMAN DIRECTOR AND PRESIDENT 505335 0 0 0 466480 0 23850 0 9738 0 1005403 0 447513 0 PATRICIA GRAZZINI ASSISTANT TREASURER 298012 0 7000 0 11010 0 23850 0 9738 0 349610 0 0 0 DOUGLAS HEGLEY CHIEF DIGITAL OFFICER 196799 0 5000 0 38 0 10503 0 14993 0 227333 0 0 0 KRISTEN PRESTEGAARD HEAD OF AUDIENCE ENGAGEMENT 162316 0 5000 0 0 0 8427 0 6754 0 182497 0 0 0 MATTHEW WELCH DEPUTY DIRECTOR AND CHIEF CURATOR 251377 0 0 0 469 0 12754 0 6453 0 271053 0 0 0 JULIANNE AMENDOLA HEAD OF ADVANCEMENT 183956 0 5000 0 0 0 9454 0 10075 0 208485 0 0 0 YANG LIU HEAD OF ASIAN ART AND CURATOR OF CHI 148324 0 0 0 326 0 7759 0 14616 0 171025 0 0 0 ANDREAS MARKS CURATOR OF JAPANESE AND KOREAN ARTS 153484 0 0 0 286 0 7759 0 6453 0 167982 0 0 0 PATRICK NOON HEAD OF PAINTINGS 170114 0 0 0 0 0 8965 0 10068 0 189147 0 0 0 THOMAS RASSIEUR CURATOR OF PRINTS AND DRAWINGS 152311 0 0 0 286 0 7726 0 6453 0 166776 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 2016 TOTALED $157,737. 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 2016 TOTALED $39,864. ROGER SIT - SIT INVESTMENT ASSOCIATES ELECTED TRUSTEE 196062 INVESTMENT MANAGEMENT FEES 0 RALPH STRANGIS - SIT INVESTMENT ASSOCIATES ELECTED TRUSTEE 196062 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 346 N/A - SEE PART II X 52 470158 QUOTED MARKET PRICES X SILENT AUCTION ITEMS 10 11480 FMV ON GIFT DATE X EQUIPMENT 1 1000 FMV ON GIFT DATE X DONATED CANDY 1 90 FMV ON GIFT DATE 36 0 1 1 PART I, COLUMN (B): MIA REPORTS NUMBER OF CONTRIBUTIONS ON SCH 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 OF THE MIA THEN 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 2017. 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: LOSS ON BENEFICIARY AGREEMENTS -60,747. JOHN R VAN DERLIP TRUST PO BOX 64713 ST PAUL MN 55164 416015288 PERPETUAL TRUST MN 501(C)(3) LINE 12D, III-O 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) LINE 12D, III-O MINNEAPOLIS SOCIETY OF FINE ARTS 1 LILLIAN ZENOBIA TURNBLAD TRUST PO BOX 64713 ST PAUL MN 55164 416015498 PERPETUAL TRUST MN 501(C)(3) LINE 12D, III-O MINNEAPOLIS SOCIETY OF FINE ARTS 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 JOHN R VAN DERLIP TRUST S 2122493 CASH TRANSFERRED ETHEL M VAN DERLIP TRUST S 513648 CASH TRANSFERRED LILLIAN ZENOBIA TURNBLAD TRUST S 63008 CASH TRANSFERRED