Milwaukee Art Museum Inc

“The art museum's collection comprises more than 34,558 works of art that 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 a policy that requires the proceeds from sales of collection items to be used to acquire other items. The value of the art objects in the permanent collection is excluded from the accompanying consolidated statements of financial position. An addition of a work of art to the permanent collection is made either by donation from a benefactor or through a purchase from art museum acquisition funds. The art museum's funds for acquisitions may be classified as with donor restrictions, which are perpetual in nature, for which only the income earned on the principal balance may be used for acquisitions; or with donor restrictions for which both the principal and earned income may be used for acquisitions; or without restrictions, representing funds designated by the board to be used for acquisitions. Proceeds from deaccessions of collection items are reflected as increases in the appropriate net asset class.”

“The milwaukee art museum collects and preserves art, presenting it the community as a vital source of inspiration and education. 34,558 works of art. 300,000+ visitors a year. 125 years of collecting art. From its roots in milwaukee's first art gallery in 1888, the museum has grown today to be an icon for milwaukee and a resource for the entire state. Four floors of over forty galleries of art are rotated regularly with works from antiquity to the present in the museum's far-reaching collection. Included in the collection are 15th- to 20th-century european and 17th- to 20th-century american paintings, sculpture, prints, drawings, decorative arts, photographs, and folk and self-taught art. Among the best in the nation are the museum's holding of american decorative arts, german expressionism, folk and haitian art, and american art after 1960. The museum also holds one of the largest collections of works by wisconsin native georgia o'keeffe.”

“The art museum's endowments consist of various funds established to benefit the art museum for a variety of purposes. The art museum's endowments include both donor-restricted endowments and funds designated by the board of trustees to function as an endowment. Net assets associated with the endowment funds are classified and reported based on the existence or absence of donor-imposed restrictions.”

“Rental expenses 470,530. Fundraising expenses 223,468.”

“Rental expenses 470,530. Fundraising expenses 223,468.”