2013-02-22T09:44:58-06:00 2012-06-30 BKD LLP 201 N Illinois Street Indianapolis IN 46204 990 2011-07-01 350867955 INDIANAPOLIS MUSEUM OF ART INC % JENNIFER BARTENBACH INDI 3179231331 4000 MICHIGAN ROAD INDIANAPOLIS IN 46208 JENNIFER BARTENBACH 3179231331 2013-02-15 true 3173834000 2011 2016-03-07 17:11:31Z JENNIFER BARTENBACH 4000 MICHIGAN ROAD INDIANAPOLIS IN 46208 73597867 false X WWW.IMAMUSEUM.ORG X 1883 IN TO SERVE THE CREATIVE INTERESTS OF ITS COMMUNITIES BY FOSTERING EXPLORATION OF ART, DESIGN, AND THE NATURAL ENVIRONMENT. 28 27 497 617 -325341 -920780 16626615 5256372 2296193 1674792 16740547 4413163 486680 470519 36150035 11814846 0 0 0 0 14150629 14178758 0 0 2096936 21604271 18548489 35754900 32727247 395135 -20912401 509726244 476925783 131083267 136529124 378642977 340396659 X AN EDUCATIONAL INSTITUTION IN THE HEART OF THE MIDWEST, THE INDIANAPOLIS MUSEUM OF ART SERVES THE CREATIVE INTERESTS OF ITS COMMUNITIES BY FOSTERING EXPLORATION OF ART, DESIGN, AND THE NATURAL ENVIRONMENT. THE IMA PROMOTES THESE INTERESTS THROUGH THE COLLECTION, PRESENTATION, INTERPRETATION AND CONSERVATION OF ITS ARTISTIC, HISTORIC, AND ENVIRONMENTAL ASSETS. THE INDIANAPOLIS MUSEUM OF ART HAS A COLLECTION OF OVER 50,000 WORKS OF ART. AT THE MUSEUM, YOU WILL FIND ART FROM A VARIETY OF CULTURES AND PERIODS IN ART HISTORY. THE MUSEUM ALSO FEATURES NATIONAL AND INTERNATIONAL TRAVELING EXHIBITIONS THROUGHOUT THE YEAR. THE VIRGINIA B. FAIRBANKS ART & NATURE PARK PROVIDES AN URBAN OASIS WITH 100 ACRES OF WOODLANDS, WETLANDS, LAKE AND MEADOWS LOCATED ADJACENT TO THE MUSEUM. 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THOMAS HIATT 2.0 X 0 0 0 ERSAL OZDEMIR 2.0 X 0 0 0 JEFFREY SMULYAN 2.0 X 0 0 0 BRIAN CASEY 2.0 X 0 0 0 MARYA ROSE 2.0 X 0 0 0 JENNIFER BARTENBACH 50.0 X 128959 0 12384 CYNTHIA RALLIS 50.0 X 176107 0 6457 ROBERT STEIN 50.0 X 163848 0 15388 ELLEN LEE 50.0 X 169030 0 14932 LISA FREIMAN 50.0 X 136228 0 22669 J NICHOLAS CAMERON 50.0 X 202520 0 28589 1517201 0 124128 12 false true false HAGERMAN INC PO BOX 11848-1848 FORT WAYNE IN 46861 CONSTRUCTION 295045 PHILLIPS OPPENHEIM GROUP 521 FITH AVENUE 29TH FLOOR NEW YORK NY 10175 EXECUTIVE SEARCH 166661 BKD LLP 201 NORTH ILLINOIS STREET INDIANAPOLIS IN 46204 AUDIT SERVICES 142513 DG HUNT ASSOCIATES 1590 D ROSENCRANS AVE 320 MANHATTAN BEACH CA 90266 PROJECT MANAGEMENT 121725 CAMBRIDGE ASSOCIATES 100 SUMMER STREET BOSTON MA 02110 INVESTMENT ADVISOR 664904 6 326819 4929553 887241 5256372 ADMISSION FEES 900099 276853 276853 PROJECT INCOME 900099 47761 47761 RESTAURANT AND CATERING INCOME 722100 257868 257868 RENTAL INCOME 531190 291789 291789 CONSULTING SERVICES 541990 560984 202162 358822 239537 239537 1674792 1639597 -692402 2331999 0 0 63893000 114080 61233514 2659486 114080 2773566 114080 2659486 0 0 1020026 549507 470519 462280 8239 0 11814846 1634462 -325341 5249353 0 0 0 0 739041 246312 383527 109202 0 10858889 9001374 1107568 749947 399537 309834 47394 42309 1340617 1055583 210632 74402 840674 683887 99722 57065 0 47106 38910 5213 2983 141277 141277 0 0 668583 668583 1960508 1494983 302221 163304 399769 396578 3191 3327228 2853208 306800 167220 121592 77646 43915 31 0 1558579 1290047 171665 96867 663797 611416 23190 29191 0 56915 44699 4337 7879 2003964 1630222 237714 136028 0 6362446 5175841 754725 431880 443377 386003 36492 20882 FINANCIAL EXPENSES 79459 43391 28322 7746 PURCHASE OF ART 713889 713889 32727247 26053823 4576488 2096936 10800 8557 3508221 622913 18889592 3994715 400904 288929 0 0 0 0 0 0 596308 538060 679248 1097640 204203288 76922099 132439938 127281189 150609000 70469577 200431485 256921457 0 0 0 0 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13179237 127281189 ALTERNATIVE INVESTMENTS 256921457 F 256921457 0 LIABILITY FOR CHARITABLE ANNUI 366131 LIABILITY FOR AMOUNTS HELD 188619 INTEREST RATE SWAP 5975874 6530624 11814846 32727247 -20912401 -11570443 -5763474 -17333917 -38246318 -5638147 -11570443 549507 -11020936 5382789 668583 5763474 6432057 11814846 32608171 549507 549507 32058664 668583 668583 32727247 ELECTION UNDER SFAS 116 SCHEDULE D, PART III, LINE 1A IF ELECTED UNDER SFAS 116 PROVIDE FOOTNOTE FROM FINANCIAL STATEMENTS ACCORDING TO THE MUSEUM'S POLICY, COLLECTIONS INCLUDE ALL WORKS OF ART, HISTORICAL TREASURES, LIBRARY ACCESSIONS AND SIMILAR ASSETS THAT ARE (A) HELD FOR PUBLIC SERVICE RATHER THAN FINANCIAL GAIN, (B) PROTECTED, KEPT UNENCUMBERED, CARED FOR AND PRESERVED, AND (C) SUBJECT TO THE MUSEUM'S POLICY THAT REQUIRES THE PROCEEDS OF ITEMS THAT ARE SOLD TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. THE COLLECTION, WHICH WAS ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE MUSEUM'S INCEPTION, IS NOT RECOGNIZED AS AN ASSET ON THE STATEMENT 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 OR PERMANENTLY RESTRICTED IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES, IF ANY, ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASS. ARTWORK FURTHERING EXEMPT PURPOSE SCHEDULE D, PART III, LINE 4 THE INDIANAPOLIS MUSEUM OF ART (IMA) WAS FOUNDED IN 1883 AS THE ART ASSOCIATION OF INDIANAPOLIS. TODAY, THE IMA IS THE FIFTH LARGEST ENCYCLOPEDIC ART MUSEUM IN THE UNITED STATES. HAVING CELEBRATED ITS 125TH ANNIVERSARY IN OCTOBER 2008, THE IMA IS ONE OF THE TEN LARGEST AND OLDEST ENCYCLOPEDIC ART MUSEUMS IN THE UNITED STATES. THE MISSION OF THE IMA IS "TO SERVE THE CREATIVE INTERESTS OF ITS COMMUNITIES BY FOSTERING EXPLORATION OF ART, DESIGN AND THE NATURAL ENVIRONMENT. THE IMA PROMOTES THESE INTERESTS THROUGH THE COLLECTION, PRESENTATION, INTERPRETATION AND CONSERVATION OF ITS ARTISTIC, HISTORIC AND ENVIRONMENTAL ASSETS." THE IMA ENCOMPASSES 152 ACRES AND 102,107 SQUARE FEET OF GALLERY SPACE DEVOTED TO THE IMA'S PERMANENT COLLECTION OF MORE THAN 54,000 OBJECTS. WORLD-RENOWNED AREAS OF THE COLLECTION INCLUDE CHINESE CERAMICS, BRONZES, AND JADES; EDO PERIOD PAINTINGS; AFRICAN ART (YORUBA, ASANTE, AND BENIN); OUTSTANDING HOLDINGS OF 17TH-CENTURY DUTCH AND FLEMISH PAINTING; THE FINEST NEO-IMPRESSIONIST COLLECTION IN NORTH AMERICA; PAINTINGS AND WATERCOLORS BY J.M.W. TURNER (THE LARGEST TURNER COLLECTION OUTSIDE OF THE TATE); AND MOROCCAN TEXTILES. OTHER STRENGTHS INCLUDE 17TH-18TH-CENTURY EUROPEAN PAINTING; INDIANA ARTISTS; AMERICAN IMPRESSIONISM; BALUCHI RUGS; PONT-AVEN WORKS; AND FASHION ARTS. THE CONTEMPORARY COLLECTION IS GROWING RAPIDLY IN QUANTITY AND QUALITY, HIGHLIGHTED BY A ROTATING EXHIBITION PROGRAM IN THE EFROYMSON FAMILY ENTRANCE PAVILION, THE MAYA LIN COMMISSION ABOVE AND BELOW, THE RECENTLY UNVEILED ROBERT IRWIN SCULPTURE LIGHT AND SPACE III, AND ONGOING COMMISSIONS TO TAKE PLACE IN 100 ACRES: THE VIRGINIA B. FAIRBANKS ART & NATURE PARK. DESIGN IS AN INSTITUTIONAL PRIORITY, UNDERSCORED BY THE DEVELOPMENT OF A DEPARTMENT OF DESIGN ARTS AND NUMEROUS DESIGN OBJECT ACQUISITIONS FOR THE PERMANENT COLLECTION. INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4 THE MUSEUM'S ENDOWMENT CONSISTS OF APPROXIMATELY 150 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING ART PURCHASES, PROGRAM EXPENSES, BUILDING OPERATIONS, BOND COSTS, AND PERSONNEL EXPENSES. FIN 48 DISCLOSURE SCHEDULE D, PART X MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. RECONCILIATION OF CHANGE IN NET ASSETS TO AFS SCHEDULE D, PART XI, LINE 8 CHNAGES IN VALUE OF INTEREST RATE SWAP $ (3,651,731) CHANGES IN ACCUM. POSTRETIREMENT BENEFITS (1,718,000) AMORT. OF NET PERIODIC PENSION COSTS (393,533) TOTAL $ (5,763,474) RECONCILIATION OF REVENUE PER AFS SCHEDULE D, PART XII, LINE 2D COST OF GOOD SOLD $ 549,507 RECONCILIATION OF REVENUE PER AFS SCHEDULE D, PART XII, LINE 4B CHNAGES IN VALUE OF INTEREST RATE SWAP $ 3,651,731 CHANGES IN ACCUM. POSTRETIREMENT BENEFITS 1,718,000 AMORT. OF NET PERIODIC PENSION COSTS 393,533 TOTAL $ 5,763,474 RECONCILIATION OF EXPENSES PER AFS SCHEDULE D, PART XIII, LINE 2D COST OF GOOD SOLD $ 549,507 Europe (Including Iceland and Greenland) 0 0 Program Services CURATORIAL 348282 Central America and the Caribbean 0 0 Investments N/A 91600000 North America 0 0 Investments N/A 300000 0 0 0 0 92248282 92248282 true false true true true false X X X X true true X X X X X false false false false false false false false false MAXWELL ANDERSON 400936 0 0 0 139573 0 9800 0 13909 0 564218 0 CYNTHIA RALLIS 175544 0 0 0 563 0 0 0 6457 0 182564 0 ROBERT STEIN 163729 0 0 0 119 0 5101 0 10287 0 179236 0 ELLEN LEE 168065 0 0 0 965 0 6702 0 8230 0 183962 0 LISA FREIMAN 136109 0 0 0 119 0 5954 0 16715 0 158897 0 J NICHOLAS CAMERON 201317 0 0 0 1203 0 18846 0 9743 0 231109 0 OTHER REPORTABLE COMPENSATION SCHEDULE J, PART II INCLUDED IN MAXWELL ANDERSON'S OTHER REPORTABLE COMPENSATION IS CHILDCARE, CELL PHONE, LIFE INSURANCE AND HOUSING EXPENSES ALL WHICH ARE TAXABLE COMPENSATION. INDIANA DEVELOPMENT FINANCE AUTHORITY 351602316 45504RGC4 2004-02-01 51000000 INDIANA DEVELOPMENT FINANCE AUTHOI false true false 0 0 51478830 51478830 0 0 479050 0 0 50999780 0 0 2005 false false true true false false false false 0 true false true false 0 false 0 false true X 394 773500 APPRAISAL X 22 113741 STOCK QUOTE 21 false true false PROCESS TO REVIEW FORM 990 FORM 990, PART VI, QUESTION 11B THE CHIEF FINANCIAL OFFICER, FINANCE COMMITTEE CHAIR, AND DEPUTY DIRECTOR OF PUBLIC AFFAIRS DO A DETAILED REVIEW OF THE FORM 990 BEFORE IT IS SUPPLIED TO THE AUDIT COMMITTEE FOR THEIR REVIEW. THE ENTIRE BOARD RECEIVES A COPY OF THE FORM 990 BEFORE IT IS FILED. MONITORING & ENFORCEMENT OF COMPLIANCE WITH CONFLICT OF INTEREST POLICY FORM 990, PART VI, LINE 12C THE IMA HAS OFFICERS, DIRECTORS OR TRUSTEES, AND KEY EMPLOYEES COMPLETE CONFLICT OF INTEREST QUESTIONNAIRES ANNUALLY. THE CFO REVIEWS THE QUESTIONNAIRES ON AN ANNUAL BASIS. IF A CONFLICT IS NOTED, IT IS SUMMARIZED ON A SEPARATE DOCUMENT THAT IS THEN PRESENTED TO THE BOARD AND USED FOR COMPILATION OF THE 990. ANY BOARD MEMBER WHO HAS A CONFLICT OF INTEREST ABSTAINS FROM VOTING ON THE RELATED ISSUE AND MAY NOT BE INVOLVED IN ANY DISCUSSION PERTAINING TO THE PARTICULAR ISSUE. PROCESS TO DETERMINE CEO, OFFICER, & KEY EMPLOYEE COMPENSATION FORM 990, PART VI, LINES 15A & 15B UNDER THE DIRECTION OF THE BOARD, THE HR DEPARTMENT GATHERS INDEPENDENT MARKET DATA, INCLUDING THE AAMD SURVEY AND PROVIDES IT TO THE BOARD COMMITTEE TO REVIEW AND USE IN DETERMINING THE CEO'S AND KEY EMPLOYEES' SALARIES. THE CEO'S LAST COMPENSATION REVIEW TOOK PLACE IN MAY 2012. KEY EMPLOYEE COMPENSATION WAS LAST REVIEWED IN MAY 2012. AVAILABILITY OF GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, & FS FORM 990, PART VI, LINE 19 THE INDIANAPOLIS MUSEUM OF ART DOES NOT MAKE ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. HOWEVER, FINANCIAL STATEMENTS AND THE FORM 990 ARE AVAILABLE ON THE WEBSITE. OTHER CHANGES IN NET ASSETS OR FUND BALANCES FORM 990, PART XI, LINE 5 UNREALIZED LOSS ON INVESTMENT $(11,570,443) CHNAGES IN VALUE OF INTEREST RATE SWAP (3,651,731) CHANGES IN ACCUM. POSTRETIREMENT BENEFITS (1,718,000) AMORT. OF NET PERIODIC PENSION COSTS (393,533) TOTAL $(17,333,917) OLDFIELDS LLC 4000 MICHIGAN ROAD INDIANAPOLIS IN 46208 REAL ESTATE IN 173 17115 NA CHARITABLE REMAINDER TRUSTS (2) TRUST IN NA TRUST false false false false false false false false false false false false false false false false false false