2012-05-14T10:52:18-07:00 2011-06-30 990 2010-07-01 381359510 THE DETROIT INSTITUTE OF ARTS DETR 3138339712 5200 Woodward Avenue Detroit MI 482024008 Robert Bowen 3138331715 2012-05-14 2010 2016-02-24 21:20:13Z Graham W J Beal 5200 Woodward Avenue Detroit MI 482024008 58730303 0 X www.dia.org X 1885 MI The DIA creates experiences that help each visitor find personal meaning in art. 49 49 349 720 499263 493009 24650907 43911940 2044014 2197203 4993067 10304551 684205 538723 32372193 56952417 0 0 0 0 14327213 14242630 181575 150115 2859678 17789725 20647512 32298513 35040257 73680 21912160 162754149 194322686 17120011 12060642 145634138 182262044 The DIA creates experiences that help each visitor find personal meaning in art. 0 0 9925325 0 0 Acquisitions: Acquisitions relate to the acquiring of works of art by purchase and by gift. Due to the fact the works of art belong to the City of Detroit the DIA policy is to expense the entire amount at the time of purchase or gift. During fiscal year 2010-2011, the DIA purchased 54 items totaling $2,461,011 and received gifts of work of art totaling $7,464,314 . Each acquisition was accessioned into the DIA's permanent collection. All acquisitions are reviewed by the Collections Committee of the Board of Directors and are paid for using restricted funds designated for the acquisition of art. 5613840 734592 Exhibition and Collection Strategies:The division of Exhibition and Collection Strategies encompasses all exhibition activity, collections care and support, creation, upgrading and maintenance of 150,000 square feet of permanent collection galleries. Expenses for exhibition projects include organizer's fees, shipping and insurance costs, construction and installation costs, marketing and payroll costs for temporary exhibitions staff (security and visitor reception)and are paid for using restricted funds designated for exhibitions. Exhibitions provide an incentive for museum membership and drive traffic for cafe, museum shop and event revenue. Nearly all DIA staff participate in some aspect of exhibition work, coordinated by the manager of exhibitions who also oversees contractual exhibition design. Collections Management oversees the creation, maintenance, repairs and improvements of the permanent collections galleries and all art movements for loans, conservation and periodic rotations of the collections in the permanent galleries. Collections Management also oversees art storage, day-to-day monitoring of the collections and location/inventory control. Approximately 80% of the permanent collection is cared for in on-premise storerooms. The Registrar's office is responsible for the maintenance of collections records, the administration of all incoming and outgoing loans of art, and the accessions of art into the collections and the deaccessions of art from the collections, in compliance with rigorous collections management policies. Photography creates publication quality photographs of the collection (now digital files), manages photographic records, manages rights and reproduction requests and provides some event photography services. The Publications function oversees the editing and production of permanent collection gallery and exhibition labels and interpretive media, edits museum ephemera, and produces all museum publications such as collection and exhibition catalogues. Conservation oversees treatment, repair and restoration of the permanent collections and monitors the physical condition of the collections and the environment in which it is displayed and stored. Conservation also examines all outgoing loans from the collection and all incoming loans for special exhibitions. Overall, Exhibitions and Collections Strategies attend to the core functions of the art museum: stewardship of the permanent collections and the means of presenting the collections and exhibitions to visitors of the DIA. The DIA opened the following new galleries during FY 10-11 - Ancient Middle East Gallery December 2010, Paul McPharlin Puppetry Collection December 2010. The DIA held the following exhibitions during FY 10-11 - Through African Eyes: The European in African Art, 1500 to present, April 18 - August 8, 2010, Detroit Experiences: Robert Frank Photographs, 1955, March 3, 2010 to July 3, 2010, In your Dreams: 500 Years of Imaginary Prints, September 8, 2010 to January 2, 2011, 125th Anniversary celebration installation, October 25, 2010 - April 3, 2011, Fakes, Forgeries, and Mysteries, November 21, 2010 to April 10, 2011, An Intuitive Eye: André Kertész Photographs, November 24, 2010 - May 29, 2011, It's a Zoo in Here! Prints and Drawings of Animals, March 23, 2011 to October 16, 2011, Annual Detroit Public Schools Student Exhibition, April 30, 2011 to June 5, 2011. The fiscal year 2010-2011 saw the culmination of many years of planning and organizational work by the DIA staff. The major touring exhibition, Through African Eyes: The European in African Art, 1500 to present, was first exhibited at the DIA and then traveled to the Nelson Atkins Museum of Art, Kansas City and shown from September 25, 2010 to January 9, 2011. 3789961 302748 Marketing & Museum Programs: In FY 10-11, the Communications and Marketing Department continued to support museum programs and exhibitions through coordinated marketing efforts including paid advertising, online/social media platforms, partnerships, e-mail marketing and media relations. The major exhibitions during the FY were Through African Eyes: The European in African Art, 1500 to present and Fakes, Forgeries, and Mysteries. The department also supported a number of small exhibitions, including Detroit Experiences: Robert Frank Photographs, 1955, In your Dreams: 500 Years of Imaginary Prints, 125th Anniversary celebration installation, An Intuitive Eye: André Kertész Photographs, It's a Zoo in Here! Prints and Drawings of Animals, and the Annual Detroit Public Schools Student Exhibition. Marketing and public relations assistance was also provided for the opening of the Ancient Middle East Gallery and the Paul McPharlin Puppetry Collection in December. The department also promoted ongoing museum programs such as Friday Night Live, Brunch with Bach, Family Sundays, Black History Month, and special events such as Museum Mystery Tours. The museum's award-winning brand campaign appeared in television ads, radio spots, print advertising, online advertising and billboards. The Public Programming Department scheduled and presented a full menu of public programming designed to engage museum visitors of all ages. The department continued to oversee the popular Friday Night Live program, bringing an array of local and national musical talent to perform in the museum. Weekend programs for families offered everything from artist demonstrations to puppet shows and storytelling. The department also scheduled programming to complement museum exhibitions and instituted the Inside|Out program, bringing reproductions of museum works to communities throughout the region. The department also programmed three seasons of the Detroit Film Theater, featuring the best in art films and independent cinema. 2985214 0 19111 Curatorial Services: Includes the efforts of our curatorial and library staff. The curatorial staff has primary responsibilities for the art collection, its presentation, and development/support of special exhibitions. The research library was founded in 1905 and serves the art historical needs of the museum, other professionals and students. The collection contains more than 167,000 volumes and subscribes to 250+ periodicals. 1627688 0 0 Learning & Interpretation: Facilitates lifelong learning and experiences with art meant to inspire wonder and creative expression through tours of the art collection and special exhibitions, outreach programs, professional development for teachers, studio programs, interpretation of the permanent collections and special exhibitions, and ongoing training and management of 200 teaching volunteers. L&I offers most programs during museum public hours, but also provides school programs on Mondays and Tuesdays and outreach programs and special tours in the evenings. During FY2010/2011, L&I provided programs for 123,134 people both at the DIA and in the community. Last year, art tours were provided for 35,000 adults, 16,000 K-12 students and 2,800 college students; another 15,000 students took teacher-led tours. 30,000 adults and children attended studio programs. 1,400 students benefited from in-classroom programs, and 3,400 adults attended art discussion programs in their own communities. 94 area teachers attended professional development programs at the DIA. Bedside art-making programs are provided to patients at Childrens' Hospital of Michigan every Friday. 4,000 people took customized tours of the galleries through the Family Fitting Room program. 1,000 adults and children took Mystery Tours over Halloween weekend. L&I worked with four human service agencies to provide Art & Healing studio programs and gallery discussions for 50 adults. More than 700 students from four schools participated in a multiple visit program of Visual Thinking Strategies art exploration and studio programs. 5,000 students attended a 15 minute, art-based theatrical performance by Wayne State University's theater students as an introduction to the exhibition Fakes, Forgeries & Mysteries. The DIA presented the 74th annual Detroit Public Schools Student Exhibition featuring 500 works of art by youth in grades K-12. L&I transferred its very popular multimedia tour of Diego Rivera's Detroit Industry murals from a Nokia platform to the iPad, increasing visitor use by 2,600. 25 new interactive Eye Spy game labels were created for the permanent galleries. L&I interpretive specialists worked with curators to provide new interpretation for several objects new to the permanent galleries. The same staff developed visitor-centered labels, hands-on activities, a cell phone tour, and three videos for the exhibition Fakes, Forgeries, & Mysteries. Staff also created a set of activities called "creature features" to engage children with images in the exhibition It's a Zoo in Here. 930994 0 0 Support Groups & Auxiliaries: The DIA has 11 auxiliaries and is one of the largest of its kind in North America. Each group offers its members exciting opportunities to explore common interests, develop new tastes, make new friends, learn about collecting, and become personally involved in the life and support of the museum. Open exclusively to DIA members, auxiliaries offer behind-the-scenes experiences, private viewings of galleries and special exhibitions, and extraordinary trips. Auxiliaries are also involved in raising funds for special museum projects and the acquisition of art for the DIA's world-renowned collection. 897766 0 0 Capital Projects:Captial projects are those projects that typically increase the longevity of the facility and the preservation of the art collection. The facility is owned by the City of Detroit so capital related costs are expensed by the DIA as incurred. These costs are paid for using restricted funds designated for capital purposes. Capital projects are reviewed by the Building Committee of the Board of Directors. During fiscal year 2010-2011 the DIA completed construction of the Ancient Middle East Gallery which opened on December 22, 2010. Other projects underway during fiscal year 2010-2011 were perimeter heating project which looked to replace the current system in areas where the current heating elements were deteriorating and beyond repair and completion of prior fiscal year repairs from the water remediation project and the steam facility. Minor renovations were completed in the auditorium, Museum Shop, resealing of the parking lots and the Islamic Gallery. 794269 0 504863 Enterprise Activities: Consists of retail gift shop, cafe, catering and crystal gallery. 786868 0 0 Volunteer Programming: Volunteers will always have a positive impact on the visitor experience at the DIA. Their presence is felt in every aspect of our daily operation. During fiscal year 2010/2011, there were approximately 720 volunteer council members that have contributed 62,990 hours to the DIA. 227066 0 4250 Group Sales: 1. Group Tours: Group sales works with visitors in a group of 15 people or more. We offer a direct phone line or website bookings. Group Sales is affiliated with several tour operator organizations, American Bus Association, Ontario Motor Coach, Circle Michigan and the Detroit Metropolitan Convention and Visitors Bureau. Lisa Rezin attends 3 to 4 tradeshow and conferences per year to encourage new tour operators to book the DIA and promote special exhibitions. Proactive prospecting of new tour business is a daily function of the Group Sales Department. Customized tours are available; each group arrival is personally welcomed to the DIA to ensure visitor satisfaction. Groups are reserved in advance and paid in full in advance of their arrival. A customer satisfaction survey is sent to every group planner to gauge satisfaction levels. 2.DIA Special Exhibition Group Sales Initiative: A very strong focus is placed on increasing the group attendance in Special Exhibitions. Group Sales will be hosting DIA Familiarization Tours for local community leaders that are in designated market specific areas of interest per exhibition. Group Sales actively participates in Community Outreach. 3. Hotel Packages: The Group Sales Department is responsible for our museum hotel package. As of June 30, 2011, we currently have 15 preferred hotel partners. Hotels purchase advance admission tickets and create a package with their overnight accommodations. Some offer transportation to and from the museum and a welcome amenity that is pre-purchased from the museum gift shop. We also offer hotel information on the DIA website that links directly to the hotel reservation system. 0 0 631639 General Admissions: The museum requests a modest general admission of $8 per adult, $6 per senior, $4 per youth (ages 6-17), and $5 per college student. Admissions for members continue to be free. Visitors to the museum have the opportunity to view the permanent collection in the galleries, participate without additional charge in many diverse activities including lectures, musical performances, drop-in workshops, docent led and audio self-guided tours. In addition, a number of special exhibitions are available for viewing without additional charge. 8249865 0 1159863 27578991 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 0 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 1 1 1 1 0 0 0 1 1 0 0 0 1 147 0 1 349 1 1 1 0 0 0 0 1 1 0 0 0 0 X 49 49 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 MI X X The Detroit Institute of Arts 3138339712 5200 Woodward Ave Detroit MI 482024008 Eugene A Gargaro Jr 20 X 0 0 0 Richard M Gabrys 3 X 0 0 0 John D Lewis 3 X 0 0 0 Amanda Van Dusen 3 X 0 0 0 Hon Charles W Anderson III 2 X 0 0 0 Jeffrey T Antaya 3 X 0 0 0 Tina Bassett 3 X 0 0 0 Charles Becker 2 X 0 0 0 Yvette Bing 1 X 0 0 0 Hon Susan D Borman 2 X 0 0 0 Howard W Burdett Jr 2 X 0 0 0 Andrew L Camden 3 X 0 0 0 Dr Vivian Carpenter 2 X 0 0 0 Kieth Cockrell 2 X 0 0 0 Ethan Davidson 2 X 0 0 0 Mark Douglas 2 X 0 0 0 Maria C Bringer Duey 2 X 0 0 0 Nicole Eisenberg 2 X 0 0 0 Jennifer Fischer 1 X 0 0 0 Eleanor B Ford 2 X 0 0 0 Mary Ann Gorlin 2 X 0 0 0 Saul A Green 2 X 0 0 0 David M Hempstead 2 X 0 0 0 Robert B Jacobs 2 X 0 0 0 Chacona Johnson 1 X 0 0 0 George G Johnson 3 X 0 0 0 Bonnie Larson 2 X 0 0 0 David G Leitch 1 X 0 0 0 David E Meador 3 X 0 0 0 Reuben A Munday 3 X 0 0 0 Mark E Neithercut 2 X 0 0 0 Juliette Okotie-Eboh 1 X 0 0 0 Alex Parrish 1 X 0 0 0 Cynthia Pasky 1 X 0 0 0 Meryl Podolsky 1 X 0 0 0 Sharon Madison Polk 2 X 0 0 0 Dr Glenda D Price 2 X 0 0 0 Ronald V Reed 3 X 0 0 0 Marc Schwartz 2 X 0 0 0 Sandra Seligman 2 X 0 0 0 Suzanne Shank 1 X 0 0 0 Thomas W Sidlik 2 X 0 0 0 John F Smith 1 X 0 0 0 John W Stroh III 2 X 0 0 0 Dr Lorna Thomas 2 X 0 0 0 Ambassador Ronald Weiser 2 X 0 0 0 Rhonda Welburn 2 X 0 0 0 Janis Wetsman 2 X 0 0 0 Henry Wineman III 2 X 0 0 0 Graham W J Beal 40 X 386137 0 40562 Loren N Lau 40 X 175795 0 26021 Annmarie Erickson 40 X 206765 0 30102 Elliott Broom 40 X 136522 0 17614 Margaret Falcon 40 X 132518 0 21601 Kenneth Myers 40 X 121925 0 20946 Rob MacGregor 40 X 114944 0 21276 Sondra Jenkins 40 X 111249 0 15016 David Penney 40 X 132348 0 19258 Kim Baker 40 X 106799 0 19156 1625002 0 231552 12 1 1 0 The OAS Group Inc 1748 Northwood Troy MI 48084 IT Consultants 267828 Honigman Miller Schwartz and Cohn 2290 First National Building Detroit MI 48226 Legal Services 161732 Nova Consultants 21580 Novi Road Suite 300 Novi MI 48375 Construction 153018 Ernst & Young LLP One Kennedy Square - Suite 1000 777 Woodward Avenue Detroit MI 482265495 Assurance Services 138000 Mark Rosenthal Inc 177 East 77th Street 6E New York NY 10075 Curatorial Services 102492 5 0 4217077 1117756 0 11442732 27134375 7606181 43911940 Exhibition and Collection Strategies 712100 734592 734592 0 0 General Admissions 712100 631639 631639 0 0 Enterprise activities 712100 504863 504863 0 0 Marketing and Museum Programs 712100 302748 302748 0 0 Curatorial Services 712100 19111 19111 0 0 4250 4250 0 0 2197203 3821324 0 499263 3322061 0 0 0 0 0 0 0 0 150998 0 0 0 150998 0 150998 0 0 150998 3208592 3274635 0 0 3208592 3274635 6483227 0 0 6483227 690223 1117756 690223 0 0 0 0 0 0 0 0 0 1451540 1087663 363877 0 0 363877 23848 0 0 23848 23848 56952417 2197203 499263 10344011 0 0 0 0 0 0 0 0 768697 0 768697 0 0 0 0 0 10418040 7655672 1323418 1438950 429223 293740 80272 55211 1815298 1242304 339492 233502 811372 555264 151741 104367 0 0 0 0 238787 36142 196850 5795 202291 0 202291 0 0 0 0 0 150115 150115 0 0 0 0 611537 456339 61133 94065 1230751 1071428 1638 157685 4018860 3565506 69320 384034 513208 71825 401638 39745 0 0 0 0 104462 103712 0 750 571818 450857 25288 95673 0 0 0 0 0 0 0 0 123233 36204 87029 0 0 0 0 0 29106 26289 2817 0 350007 273735 76272 0 ART ACQUISITIONS 9925325 9925325 0 0 CAPITAL EXPENDITURES 588368 588368 0 0 GIFTS & GRANTS 865191 358676 506385 130 TAXES 198223 254 197969 0 1076345 867351 109338 99656 35040257 27578991 4601588 2859678 0 0 14626112 20255833 14204091 14993679 1502631 603234 0 0 0 0 0 0 435601 442514 128630 114060 2486977 1825893 783634 661084 0 0 131073450 157252282 162754149 194322686 1244313 2733062 0 1143949 844468 0 0 0 4368666 667 0 10363083 8482445 17120011 12060642 X 64185327 85751363 34125074 48693712 47323737 47816969 145634138 182262044 162754149 194322686 X 21912160 14715746 X 0 1 1 X 0 X 36368104 43966967 28673177 24650907 43911940 177571095 0 0 0 0 0 0 0 0 0 0 36368104 43966967 28673177 24650907 43911940 177571095 87079844 90491251 4970438 5107691 4814014 4151278 3972322 23015743 0 0 0 0 0 0 0 0 0 0 200586838 0.45113 0.40335 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 111170 111170 34929087 35040257 1000000 250000 0 0 0 0 0 1000000 1000000 1500000 0 0 0 111170 111170 0 0 0 250000 250000 375000 0 0 0 0 0 0 0 X X X X 1 118925070 645855 12361620 0 -360634 0 132293179 103684833 3921764 7953047 0 -3365426 0 118925070 112638362 3335963 -12318076 0 -28584 0 103684833 0.43 0.37 0.2 1 0 0 0 0 0 0 0 0 0 0 0 0 0 602972 561111 41861 0 1884005 1264782 619223 661084 Primarily stock, bonds, mutual funds and alternative investments 157252282 F 157252282 167705 Unfunded pension plan obligation 4572395 Accrued payroll and other employee benefits 2024798 Postretirement healthcare obligation 1717547 8482445 56952417 35040257 21912160 12676048 0 0 0 2039704 14715752 36627912 65260695 12676048 1318638 0 1777905 15772591 49488104 0 7464313 7464313 56952417 30672493 1318638 0 0 1777911 3096549 27575944 0 7464313 7464313 35040257 SchD_P03_S00_L01 Schedule D, Part III, Line 1 In conformity with allowable museum financial statement presentation practice, the value of the art collection is excluded from the statement of financial position. Title to art objects purchased by or donated to the DIA is offered to the City of Detroit's Arts Department and title is transferred when accession to the permanent collection has been approved by the Board of Directors of the DIA and the Arts Commission of the City of Detroit. SchD_P03_S00_L04 Schedule D, Part III, Line 4 The DIA 's art collection is held for educational, research and curatorial purposes. SchD_P05_S00_L04 Schedule D, Part V, Line 4 Income earned on endowment funds is used to further the mission of the DIA including funding for a variety of activites which are both restricted and unrestricted in nature. These activities include (but are not limited to) operations, staff positions, art acquisitions, etc. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Other changes in net assets include : Decrease in unfunded pension plan obligation $2,336,242 Change in postretirement healthcare obligation ($296,538) SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Expenses of special events and activities - $690,223 Cost of goods sold $1,087,663 Rounding $19 SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Gifts of works of art $7,464,313 SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Expenses of special events and activities - $690,223 Cost of goods sold $1,087,663, Rounding $25 SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Gifts of works of art $7,464,313 X X X X X X X 1 Ruffalo Cody PO Box 3048 Cedar Rapids IA 52406 Primarily membership renewal calling activity. 0 426299 59314 366985 Phone Bank Systems Inc 4990 Northwind Drive Suite 235 East Lansing MI 48823 Primarily dropped member calling activity. 0 124068 42801 81267 Remington Group 21820 Dover Court Beverly Hills MI 48025 Professional fundraising consultant 0 0 48000 -48000 550367 150115 400252 MI DIA @ 125 GALA 1358536 963333 395203 0 0 0 0 0 395203 D'ART FOR ART 162582 0 162582 0 0 0 0 0 162582 3 286861 154423 132438 0 0 0 0 0 132438 1807979 1117756 690223 0 0 0 0 0 690223 690223 0 X X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 Graham W J Beal 351137 0 35000 0 0 0 0 0 40562 0 426699 0 Annmarie Erickson 206765 0 0 0 0 0 0 0 30102 0 236867 0 0 0 Loren N Lau 175795 0 0 0 0 0 0 0 26021 0 201816 0 0 0 Elliott Broom 136522 0 0 0 0 0 0 0 17614 0 154136 0 0 0 Margaret Falcon 132518 0 0 0 0 0 0 0 21601 0 154119 0 0 0 David Penney 132348 0 0 0 0 0 0 0 19258 0 151606 0 0 0 Kim Baker 106799 0 0 0 0 0 0 0 19156 0 125955 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a As Director for the museum, Graham W J Beal attends a limited number of professional conferences or critical fund-rasing events which have a critical spousal component. In such cases, spousal travel is paid for by the organization. The Director receives a paid membership to three business clubs, which allow him to connect with other leaders in the business community and the private sector. The Director also has access to a discretionary fund for use in the normal course of business. Documentation of all such charges to the discretionary fund are reviewed and approved by the CFO and the accounting department. SchJ_P01_S00_L03 Schedule J, Part I, Line 3 The position of Museum Director - CEO enters into an employment agreement. DTE Energy David Meador serves as Executive VP & CFO at DTE and serves on the Board of Directors at the DIA 109467 Payment for gas, electricity and steam by the DIA 0 Miriam Reed Ronald V Reed is on the Board of Directors and is married to Miriam Reed 33705 Planned Giving Consultant 0 X 207 7464313 Donor stated value/Independent appraisal X 12951 Donor stated value X In-kind gift for NAIAS space rental & show floor access 1 45000 Donor stated value X D'Art for Art Auction Items 97 73817 Donor stated value X Various in-kind donations for various purposes 15 10100 Donor stated value 5 0 1 1 SchM_P01_S00_L32b Schedule M, Part I, Line 32b The DIA uses auction houses (primarily Sotheby's and Christie's) to sell gifts of works of art not accepted into the collection. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The process used by the DIA to review the Form 990 with its governing body is as follows: 1 - The initial draft is completed by a Senior Accountant and then reviewed with the CFO. 2 - An in depth review is scheduled with the DIA Executive Vice President and the Museum Director (CEO) 3 - After completing staff reviews, a comprehensive review is scheduled with a Board of Directors subcommittee, consisting of the Board Chair, the Vice Chair/Finance Committee Chair, the Audit Committee Chair and the Governance and Nominating Committee Chair. 4 - After completion of the Board subcommittee review, the Form 990 is made available to all Board Members in advance of the efiling. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The DIA's conflict of interest policy is provided to all staff upon joining the DIA. This policy is part of the DIA Professional Practices Guidelines. All staff members are required to sign that they have read, understood and agree to abide by the guidelines. The conflict of interest policy is further reinforced in the DIA Puchasing Policy and Procedure Manual. Both documents are available online and are distributed to staff any time updates or changes are made. DIA Board members provide an annual update of relationships and affiliations which are reviewed to determine any potential conflicts of interest. As part of the annual audit, a thorough review of staff and Board affiliations and transactions is conducted to ensure that all are in compliance with DIA policy. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The compensation of the DIA's Director/CEO is determined by contract, and is established annually, after review and discussion by a Board subcommittee consisting of the Board Chair and the chairs of the Human Resources and Finance committees. The Director's compensation is based upon performance versus established goals. Compensation for the other officers and key employees is first determined through comparability data from the Association of Art Museum Directors (AAMD) annual salary survey and other sources, consideration of local market conditions, and a comprehensive performance evaluation process. Any new hire or change to existing compensation must then be approved by the Director or Executive Vice President, the CFO, and the Executive Director of ODHR. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Governing documents, conflict of interest policy, and financial statements are made available upon request by the public. F990_P11_S00_L05 Form 990, Part XI, Line 5 Net Unrealized gain on investments $12,676,048, Unfunded Pension plan obligation $2,336,242, Change in postretirement healthcare obligation ($296,538) Rounding ($6) FSDIA Acquisition Co 5200 Woodward Avenue Detroit MI 48202 383416266 Bed and Breakfast MI The Detroit Institute of Arts C -88960 1000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0