AnnuAl RepoRt 2006-2007 - glenbow.org · the year long negotiation for a potential ... in the Victorian era’s spirit of scientific ... exploring the legendary picariello case •

AnnuAl RepoRt 2006-2007

Table of ConTenTs

03 Chair’s and President’s Message | 06 a new Direction for Glenbow

08 Mavericks | 10 Glenbow Reaching out in a new Way | 12 aritha van Herk | 14 Michale lang

16 Mavericks: following in their footsteps | 18 Current and Upcoming exhibitions

20 feature exhibitions & Program Highlights | 22 facts and figures | 24 acknowledgements of support

27 financial Review | 48 board of Governors

This annual report reflects Glenbow Museum’s fiscal year April 1, 2006 to March 31, 2007.

twelve more months in our 41 year history have now sped by, and our restless spirit of innovation and stewardship continues. on March 24, Mavericks: An Incorrigible History of Alberta permanent gallery opened, on time and on budget as our contribution to the celebration of Alberta’s first 100 years of provincehood. Simultaneously during the year we also completed an extensive review regarding a potential opportunity to relocate to a new facility. At the end of the day we declined participation in the project, but we learned much in the process, and the search for a new “enhanced Glenbow” will continue. the major Glenbow Board decision of the year was the embrace of Art, Dialogue and History as our new five year strategic roadmap focus. A new Board governance system is now in place to ensure our success. Finally, Glenbow completed another strong year financially, with a surplus on operations of $14 thousand, and a March 31, 2007 endowment Fund balance of $33 million. looking back, fiscal 2006-07 was rich in achievement, experimentation and critical thought about our operations. Collectively we grew as an institution, and Mavericks became our new Calgary brand.

taking these achievements in order, the Mavericks gallery involved a total of 175 Glenbow staff at its peak, represents a $12 million commitment on behalf of the provincial and Federal governments, the private sector, and individual philanthropists, and was four years in the making, from concept to opening. We celebrate 48 women and men whose “mavericity”1 is pronounced, and whose contributions to Alberta’s

history are now becoming a matter of permanent public record. Core to the innovative approaches present in the exhibit is Aritha van Herk’s book of the same title. together book and exhibit demonstrate the synergy of the printed word and museology. the exhibit is further enhanced by superb design, community research, mavericks’ family support, and strong new media applications. All told, Mavericks is a history feast, now served daily to Glenbow’s visitors.

the year long negotiation for a potential relocation saw Glenbow’s Board, community representatives, senior management team, staff and a small group of consultants combine efforts to see if an innovative public/private partnership could be struck. We pioneered research on the attributed value of cultural adjacency,2 traveled to london, england with Calgary Mayor Dave Bronconnier and Alderman Druh Farrell to meet with lord Foster’s architectural team, and crunched the numbers to evaluate the five year sustainability of enhanced Glenbow in a new venue. At the end of the day Glenbow’s space and philanthropic sponsorship needs were more than we felt the deal could permit. We learned, however, a great deal about the sustainability of our operating model; we carefully thought through our design and programming needs; and we benefitted from the insights of many community representatives who participated in the study. While we were constructing Mavericks and negotiating for a potential new venue, we were also operating the existing Glenbow, with help from Egypt, Greece and Rome: Art of the Ancient Mediterranean World which we booked from the

Chair’s and president’s Message for Annual Report: 2006/2007

1 We believe Glenbow staff coined this word in December, 2006.

2 the dollar value added to commercial real estate by placing a cultural institution in a private development.

Vision: Glenbow is the pre-eminent regional museum of the Canadian West,

celebrating its art, dialogue and history with diverse audiences. Glenbow’s

exhibits span local, national and international themes, and include a

dynamic virtual presence beyond its walls. Rooted in our eclectic collections

and our entrepreneurial tradition, we set standards for museum practice

and contribute to attracting and retaining the best citizens for Calgary..

Mission: the strength of Glenbow Museum lies in its eclectic collections,

focusing specifically on Canadian and Asian Art, Cultural History, Military

History, ethnology and its library and Archives of the West. In addition,

these collections are increasingly accessible in new media to a broad global

audience beyond our building. the Centre for Dialogue provides Glenbow

with opportunities to conduct deep and respectful discussions with the

public on major contemporary issues. In combination, Art, Dialogue and

History drive the work of Glenbow to reveal the past, understand the

present and forecast the future.

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Glenbow MuseuM AnnuAl RepoRt 2006/07

Michael P. Robinson, C.M., president and C.e.o. Ian Bourne, Board Chair

Boston Museum of Fine Arts for a one year term. thanks to the show’s strong popularity we were able to avoid dark weeks (downtime between feature exhibitions), allow maximum staff focus on Mavericks construction and installation, and continue to serve the needs of 148,848 visitors, of whom 48,129 were students at various levels of Museum School. In addition, Knowledge Management Director Kirstin evenden was appointed during the year to develop a broad reaching new media, publishing and rights management portfolio for Glenbow. ending the year with a small financial surplus, and keeping all the doors open during total reconstruction of 24,000 square feet on the third floor was proof of our strong team spirit and management focus. We thank all the staff for such special extra efforts this year, when all of Calgary was also caught up in a civic construction and economic boom.

We embraced Art, Dialogue and History this year as our focus in becoming western Canada’s museum for the 21st century. the Dialogue piece is still confusing to some, but will soon become crystal clear. Museums are places of public trust; dialogue is based on deep and respectful listening and questioning convened in a safe locale; a Centre for Dialogue is therefore logically a museum. Significantly, the first museum dialogue in history occurred at the oxford university Museum in July, 1860 when thomas Huxley presented3 the Darwinian theory of evolution for the first time in a public setting, and was verbally challenged by Bishop “Soapy Sam” Wilberforce, who defended the

biblical story of creation. Women swooned, horses reared in the streets, and fist fights ensued on the boulevard after the event, which ultimately ushered in the Victorian era’s spirit of scientific rationality. Where better for this to have occurred than a museum? over the next 12 months Glenbow will also begin to develop a Centre for Dialogue in its theatre, a permanent art gallery space for its collection, and work to continue its already strong history focus. Altogether we will create Art, Dialogue and History at Glenbow Museum.

In 2006 we welcomed George Bezaire, Richard Cormack, Anne Crawford, Richard Shaw and Michael J. Robinson to the 18 member strong Board, and further new Board members will join us in September 2007 when terry Allen and Rod Green complete their terms of service. the constant process of reinvigoration is a signal component of our commitment to keeping Glenbow current and reflective of Calgary’s place in Canada.

our efforts in 2007 will be directed at bringing the same emphasis to art and dialogue as we do to history. We look to you, our visitors and members, to add your eyes to this process, and to travel with us to a mutually desired future.

May 14, 2007

3 Charles Darwin, the intended speaker, was confined to bed with a bad cold.

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It took four years, 175 people and $12 million to create, and on March 24, 2007, Glenbow Museum’s new permanent gallery, Mavericks: An Incorrigible History of Alberta opened to the public. Mavericks is the largest and most extensive exhibit Glenbow has unveiled since opening in 1976. Inspired by Aritha van Herk’s book of the same title, this new gallery tells the story of Alberta through the lives of 48 mavericks – colourful characters whose tenacious spirits and enterprising mindsets shaped who we are today – adventurous and hardworking people.

our new Mavericks gallery signals a new direction for Glenbow. Glenbow is stepping into the future and utilizing new interactive technology on a scale it never has before. Visitors can see this as soon as they walk into the gallery where an almost seven metre wide (22 ft.) screen welcomes them. Moving through the exhibit, Mavericks is layered with cutting-edge audio visual features and hands-on multimedia. three touch-screen interactives are dotted throughout the 2230 sq. metre (24,000 sq. ft.) space, allowing visitors to explore the people and ideas presented in the gallery at their own pace. one touch-screen, in the fur trade

area, allows museum explorers to track David thompson’s famous and arduous treks across the barren prairie, flowing rivers and rugged Rocky Mountains. Visitors can even spot where he stopped along the way and the posts and forts he passed – all by touching a screen!

Museum-goers can also experience Alberta’s stories coming to life in the palm of their hand thanks to the innovative new multimedia guide called the Mavericks Navigator. one of only two Canadian museums to utilize this technology in a permanent gallery, Glenbow’s Mavericks Navigator guides visitors through 43 tour stops as they weave their way through the gallery. the Mavericks Navigator brings Alberta’s stories to life with over two hours of interactive games, video clips, photographs and interviews – not available anywhere else in the gallery! Glenbow’s Mavericks Navigator is available in english and French. Closed captioning is also offered.

other interactive components in the Mavericks gallery include:

• A rumbling train car with corresponding train sounds to give the feeling of riding the rails

• A smelling station where visitors can sniff the scents of spruce, tobacco, sturgeon oil and hide – complete with an allergy warning

Glenbow Museum: A new Gallery, A new Direction

Mavericks: An Incorrigible History of Alberta

• A “film noir” docu-fiction presented in a custom-built theatre, exploring the legendary picariello case

• A full-scale Curtiss Jn-4 (Jenny) airplane

Glenbow is embracing technology because we have learned visitors are no longer content to look at artifacts in silent cases. they want to learn by doing as well as seeing, they want history to come alive and they want to be engaged in a dynamic, hands-on experience. In Mavericks, they can achieve this desire. Mavericks delivers a multi-sensory experience that engages visitors of all ages and cultures. Visitors feel, hear, touch and smell the scents of the times. Mavericks moves Glenbow beyond the traditional museum approach.

Glenbow is heading in this new direction because we want to be relevant for everyone, Calgarians, Albertans, Canadians – and for people around the world. through the use of technology, artworks and artifacts, Mavericks uncovers the story of where we came from and how we grew into a community, helping visitors build an understanding of where we’re going. Here at Glenbow – we’re proud to be getting this story out to people in ways we never have before.

A touch-screen interactive can be found in the exploration and Fur gallery

Admiring the photos in the Gushul gallery

1919 Curtiss Jn-4 reproduction airplane

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Glenbow MuseuM AnnuAl RepoRt 2006/07 Glenbow MuseuM AnnuAl RepoRt 2006/07

Mavericks opens to the World

It’s said westerners like to party and boy, did they ever during Mavericks seven opening events! over three thousand people came through Glenbow’s doors to celebrate Mavericks unveiling!

Media got the first peek at Mavericks during a sneak preview on March 21, 2007. Reporters and photographers were treated to a rollicking vocal performance by 90-year-old maverick Melvin Crump along with interviews with former premier and maverick peter lougheed and the families of mavericks Stu Hart and James Mah poy. throughout the openings, Glenbow was visited and received coverage from dozens of local, national and international media, including CtV news, Citytv, CBC newsworld, the Calgary Herald, the national post, the Globe and Mail, Macleans magazine and the new York times.

Glenbow welcomed hundreds of curious visitors to our public Grand opening on March 24, 2007. enjoying free admission all afternoon, throngs of people wandered

awestruck through the gallery, taking in the breathtaking exhibit. one favorite for many was the barbed wire horse created by local artist Jeff de Boer (see front cover image). the life-size bucking bronc dominates the ranching exhibit. the sculpture was inspired by Cyclone, the bucking bronc from the 1912 Calgary Stampede who threw 129 cowboys before Blood cowboy tom three persons rode him to a standstill. Made from almost four kilometres (over two miles) of barbed wire, it symbolizes the end of open range ranching.

During one of our final celebrations, Glenbow thanked its V.I.p. supporters. over seven hundred guests attended to toast and share in this very special gallery. Supporters and mavericks mingled and listened to speeches by Glenbow president and chief executive officer, Mike Robinson, Mavericks project manager Michale lang, author Aritha van Herk and federal and provincial sponsors. Many also took the opportunity to explore the gallery and learn the spectacular stories of our province and its people.

(l to R) Glenbow supporter per Asplund, Cary Asplund, maverick Melvin Crump and Beau Asplund

(l to R) Calgary Herald reporter Stephen Hunt interviewing maverick peter lougheed(opposite page) A sampling of our Mavericks gallery press coverage

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Mavericks Collections online!

the Mavericks Digitization Initiative was completed this year - so now people can access our collections material featured in the new gallery – online. over 400 images were added to Glenbow’s website after being carefully photographed and documented by our team. our total online digitized collections (not including our library and Archives holdings) now stands at 979 records – a feat realized in less than two years. Congratulations to everyone who worked on this project to help people see what Glenbow has to offer with the click of a mouse!

Glenbow Reaching out in a new Way

Bringing Glenbow to Students

nearly 50 thousand students visit Glenbow Museum every year. to enhance their experience Glenbow has completed 50 Mavericks-themed lesson plans that are available on-line for teachers to consult before and after their visit. But what about those students and teachers who live too far from Glenbow to ever see our artifacts and learn from our interpreters firsthand? Well, this year, the museum teamed up with AXIA netMedia and Grande Yellowhead Regional School Division to teach Glenbow programs – through the Supernet.

Between February and March 2007, Glenbow delivered three pilot programs to 26 grade five students at evansview elementary School in evansburg, Alberta. the programs ran for roughly 45 minutes each and focused on the fur trade component of the provincial social studies curriculum. After the session, students were asked to help evaluate the success of the programs and we were pleased with the positive response.

Glenbow’s collection belongs to all Albertans and it is our responsibility to provide access to this collection. A distance-learning program, like this one, ensures we are meeting those commitments not just for those who can travel here, but for those from far away. Glenbow hopes to use this new and exciting tool to build new audiences for our museum; ensuring all students in our province have equal opportunity to engage in our history and culture.

Art, Dialogue and History

Glenbow is also adopting a new Art, Dialogue and History philosophy to promote a different kind of museum – one that not only displays art and artifacts, but also generates new experiences, knowledge and ideas.

this year we partnered with the university of Calgary’s Alberta Global Forum to host two evenings of deep listening and learning: Canada’s Mission in Afghanistan and Calgary: What’s next?

this is just one more way Glenbow is building on our reputation as a venue for exciting ideas, scholarly rigour and informed public discourse.

See for yourself at www.glenbow.org

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Mavericks is a unique and exciting approach for a museum exhibition. never

in our history have we created a gallery in this way. not only did we harness

technology, we managed to wrangle up one of Alberta’s most celebrated

and respected authors, Aritha van Herk. Her award-winning book of the

same title inspired Mavericks and it is Aritha’s historical narrative which

provides the backbone to the story of what it means to be an Albertan.

I am honoured by Glenbow’s choosing to use my unorthodox approach to history as the narrative inspiration for this new permanent exhibition.

In fact, the opening of Mavericks: An Incorrigible History of Alberta could not have come at a better time. Alberta is welcoming so many newcomers that now more than ever we need to remember the patterns of our collective memory and how that past is reflected in our present-day cultural and social habits. the past is a harbinger of the future, and Glenbow’s role in connecting the past and the future is a key element of this city’s cultural energy. Most of all, Mavericks celebrates the unpredictable aspects of Alberta’s nuanced history. Visitors will, I hope, find themselves unable to resist the good, the bad, the brave and the irascible – the mavericks that we are.

the most transformative part of the process of developing the gallery was relating to the artifacts associated with these maverick figures. It is one thing to talk about a person in the abstract or on the page, and quite another to see a piece of their clothing, or an object that they used, or a letter that they wrote. there is a marvellous intimacy about the collections within Glenbow and a tremendous power in their resonance. they speak across time to who we are today, an urgent conversation right now, when this province is changing so rapidly. newcomers to Alberta need to know our legends and our influences, and this exhibit will demonstrate our historical make-up and its relationship to why we are who we are.

the most difficult part of the process was having to settle on the limited number of characters that are in the exhibition. Alberta’s history is so rich with unusual,

Aritha van Herk

interesting and downright irritating mavericks that it was heart-breaking to have to settle for the few that are featured. And the ultimate challenge of the exhibit is for visitors to locate themselves within this template. Where do they fit in as maverick Albertans?

one of my favourite mavericks is Frederick Haultain, our father of provincial autonomy, who fought so hard for independence for the northwest territories, and who was given scant thanks and little praise for his work. He wanted the territories to be one big province called Buffalo. Imagine how powerful we would be now, if he had gotten his way. Without him, Alberta and Saskatchewan would have taken much longer to gain provincial autonomy. Haultain is a powerful inspiration to us because he fought for what he believed in and he ultimately had a tremendous effect on our living history.

Aritha van Herk June 15, 2007

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one hundred seventy-five people offered up their talents to create and build

Mavericks. leading the team was Glenbow’s own Michale Lang. In addition

to her duties as vice-president of Access, Collections and exhibitions, Michale

also took on the role of Mavericks project manager. It’s not easy to complete

a multi-million dollar exhibit, but Michale says the hard work was worth it.

Just as the 48 unique individuals featured in Mavericks: An Incorrigible History of Alberta significantly altered Alberta, a talented team of Glenbow staff and contractors altered Glenbow Museum by completing the exhibit on time and on budget in just over two years. Alberta author Aritha van Herk was a central member of that team. In a departure from standard museum practice, the museum enlisted her involvement throughout the exhibit’s development.

Glenbow engaged a broad range of curators and researchers from outside the museum to accomplish the huge task of ensuring accurate content and to reflect the diversity of the maverick characters in the exhibit. they worked with Glenbow to engage visitors and the broader community, including mavericks’ families and volunteers. As a result of this network, curatorial authority was broadly shared, something not always done in museums. Mavericks: An Incorrigible

History of Alberta is not so much about a single innovation as it is about the creative application of innovative practice throughout exhibit development.

Michale langJune 15, 2007

Michale lang

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Melvin Crump

Music was the bridge Melvin Crump built between black and white.

First trained in saxophone, Crump’s lungs couldn’t take the strain and he switched to drums. their rhythmic beat accompanied his trips across country as a Canadian pacific Railway porter.

Musicians worked full time and played full time. Jazz clubs were always located close to the railway tracks and, on trips to Montreal or Vancouver, Crump would sit in with the best musicians from the united States and Canada. He was one of the first Blacks to play with White musicians, no small matter in the segregationist 1950s.

Closely tied to his music was his commitment to the rights of African-Canadians. once insulted in a Montana restaurant, Crump led a group of “coloured” porters out and returned with someone who could demand that they receive service. He was president of the Alberta Association for the Advancement of Coloured people, and he refused to work on trains traveling south of the border if Blacks encountered racism.

Melvin Crump travelled Canada from sea to sea, but jazz was his imaginative destination.

In developing the Mavericks gallery, we looked to the mavericks themselves

for inspiration. We wanted this gallery to be innovative – just like many of

our mavericks were during their lifetimes. the Gushuls are just one example

of this. the husband and wife photography team from the Crowsnest pass

had to be innovative to do their job in such an isolated area. they made

camera equipment from items like lard pails and truck lights. Another

example are the Csavossys. the brothers were amongst the first to fly.

Josef even owned a Gypsy Moth airplane – during a time when flying

a plane, let alone owning one, was like being an astronaut today.

All of the mavericks in our new gallery were innovative and embraced

change in some way; they wanted to break out and do things differently.

We at Glenbow are also changing – making history more engaging, more

inclusive, more dynamic; just as the mavericks who are featured in our

gallery made their mark – we want to do that too. Enjoy meeting two

of them right now – the following text is from the Mavericks gallery,

written by Aritha van Herk.

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Melvin Crump performing with Kashmir’s Jazz Jam (detail), Calgary, Alberta, ca.1980s, Collection of Glenbow Archives, pA-3439-8.

Regina Cheremeteff

Regina Cheremeteff invented herself as the Madame of Russian ballet in Calgary.

Cheremeteff had danced to support her family from the age of seven. She married a Russian aristocrat, trained as a Cossack trick rider and survived Russian troops invading her school in Berlin. She arrived in Canada in the 1950s with $7 in her pocket. Without money to hire professionals, she remodeled her eighth Avenue studio herself, knocking down walls, ripping up floors and screwing ballet barres into the walls. presiding over countless bends and splits, Cheremeteff demonstrated dance for students eager to perfect their steps. She claimed they would learn in one year from her what would take three years elsewhere.

uncompromising, every inch a survivor and inspired by a finely honed rage, she poured her heart into dance. She smoked Sweet Caps, drank and danced to the end of her life. And although she attracted fewer students when her method went out of fashion, Cheremeteff put two generations of Calgary ballerinas on their toes.

Madame Regina Chermeteff and pupil at Calgary Russian Ballet School, Calgary, Alberta., ca.1980s, Collection of Glenbow Archives, nA-4894-9


Honouring Tradition: Reframing native art

February 16, 2008 – September 28, 2008

First nations people have always had a strong connection to “art” and many in the past made it a part of their daily lives. they wore art; they lived with it; and they used it to explore the world of their ancestors and the spiritual realm to which they belonged.

Art continues to be an important part of people’s lives. Contemporary artists, both established and emerging, continue the tradition of using art to reflect their experiences and to comment on their situation in society and in the world. their art explores the unique relationship First nations have with this country and with the newcomers who now inhabit it.

this exhibit brings “Aboriginal Art” to both the items in the exhibit and to the people who experience them. Many of these items have been in storage for decades. As they move from the cabinets to the exhibit space, they are given a breath of fresh air. their spirit is reawakened and their history is renewed. once more, they can connect with people and share their stories.

belonging: a Place for everyone

June 30 – September 30, 2007

Celebrate Canada’s diversity with five unique exhibits that showcase our country’s multiculturalism:

Quilt of Belonging features a hand-made 36 metre long (120 feet) quilt representing every culture and First nations group in Canada.

Celebrating Prairie Cultures is a Glenbow produced exhibit showcasing garments, footwear, quilts and coverlets that share the stories of First nations and the world cultures that have made their home on the Canadian prairies.

A Joyful Harvest, developed by the Jewish Historical Society of Southern Alberta, celebrates more than 100 years of the Jewish experience in the province.

In AMANTEA: Personal and Public Lives, artist Gisele Amantea examines the lives of Italian communities in western Canada in two art installations.

ImaginASIAN Photo Exhibition: Convergence and Disturbance is a touring photo exhibit which profiles the people within the Asian-Canadian community that have shaped our city, province and country.

emily Carr: new Perspectives on a Canadian Icon

October 27, 2007 – January 27, 2008

this is the first major exhibition of emily Carr’s work to be shown in Calgary. Emily Carr: New Perspectives on a Canadian Icon features nearly 200 objects by Carr and others, including paintings, drawings, watercolours, caricatures, ceramics, sculpture, hooked rugs, books, maps

and photographs. Carr’s most famous works are featured in this exhibition, covering the breadth of her career.

this groundbreaking exhibition presents Carr’s life and work from several different perspectives. It includes a partial reconstruction of a 1927 landmark show where Carr was “discovered,” and her subsequent and spectacular development into a powerful and expressive modern artist. It also examines Carr’s connection to the landscape, the First nations people and her influence in the development of cultural tourism on the northwest coast.

emily Carr is the most written about and celebrated Canadian artist of all time, a phenomenon which is explored in this brilliant exhibition, organized by the national Gallery of Canada and the Vancouver Art Gallery. Glenbow Museum is the final stop on a successful national tour which included showings in ottawa, Vancouver, toronto and Montreal.

DReaM: a Tale of Wonder, Wisdom & Wishes

August 18, 2007 – June, 2008

Dream: A Tale of Wonder, Wisdom & Wishes features amazing original artwork created by 15 top children’s illustrators from five countries, including Governor General’s Award winner Barbara Reid and two-time Caldecott Medal winners leo and Diane Dillon. Come see everything from watercolour and collage to digital and plasticine pieces.

the exhibit is based on the award-winning bestselling children’s book Dream by Susan V. Bosak which tells a multilayered, poetic story about hopes and dreams across a lifetime. It has won a remarkable 11 national awards.

Current & upcoming exhibitions

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Images top to bottom: emily Carr, Among the Firs (detail), ca.1931, oil on canvas, Gift of Shirley and peter Savage, Calgary, 1990, Collection of Glenbow Archives; Details of quilt blocks, essay and photos. Quilt of Belonging, edited by esther Bryan. photograph by Ken Mclaren.


egypt Greece and Rome: art of the ancient Mediterranean World

June 30, 2006 – June 3, 2007

Egypt, Greece and Rome: Art of the Ancient Mediterranean World presented more then 200 works from the renowned collection of the Museum of Fine Arts, Boston. the objects span a period from pre-dynastic times in egypt, over 5,000 years ago, to the Roman late imperial period, about 350 A.D.

Art of the Ancient Mediterranean World reveals how egyptian, Greek and Roman civilizations influenced one another throughout their histories. the Mediterranean Sea allowed for interaction of people through travel and trade thereby allowing cultures to interact and become influenced by one another and resulting in new artistic styles.

foster and Partners: Works

February 18 – March 31, 2006

Foster and Partners: Works presented the exciting designs of london, england-based Foster and partners, a leading international studio of architecture, planning and design. the exhibit included 27 architectural design models, large-scale photographs, sketches and a DVD presentation.

over the past four decades, Foster and partners have created some of the most original architectural designs around the world. this award-winning design firm is a global practice with projects in 50 countries. their work ranges in scale from the largest construction project on the planet, the Beijing International Airport to furniture. Foster and partners is the architectural firm retained by enCana for its new corporate head-quarters complex in downtown Calgary.

Variations: Holgate, Group of seven and Contemporaries

March 18 – June 4, 2006

Variations featured many of Canada’s most beloved and well-known artists from the first half of the 20th century. Edwin Holgate: Canadian Painter, from the Montreal Museum of Fine Arts, was the first major retrospective on Holgate, best known for his nudes in the landscape and his remarkable portraits. Beyond the Group of Seven from Glenbow’s collection compared the pursuits of the many other artists who were over-shadowed by the Group’s popularity. Art and Society in Canada, 1913-1950, from the national Gallery of Canada, featured works from three of Canada’s most distinctive art movements: the Group of Seven, the Social Realists and les Automatistes.

nitsitapiisinni: our Way of life - The blackfoot Gallery

Permanent gallery

Glenbow visitors continue to enjoy learning about the Blackfoot people’s rich and powerful history. Sharing the third floor alongside Mavericks, Nitsitapiisinni: Our Way of Life - The Blackfoot Gallery is an innovative collaboration between the Blackfoot Confederacy and Glenbow Museum - where the Blackfoot people tell their own story in their own words. together with Glenbow staff, they have created an exhibition that captures the essence of the Blackfoot way of life.

Audio stations share traditional stories and personal experiences recounted by Blackfoot team members in both Blackfoot and english. learn about Blackfoot culture; find out about Blackfoot life before contact with europeans; understand how contact with western settlers forever altered their lives; and discover how contemporary Blackfoot descendants are preserving their culture and traditions.

Feature exhibitions & program Highlights

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Images left to right: Roman, portrait of a bearded man, Antonine period, ca. 161-167 A.D., Museum of Fine Arts, Boston; Buffalo, Nitsitapiisinni: Our Way of Life – Blackfoot Gallery. teepee, Nitsitapiisinni: Our Way of Life – Blackfoot Gallery; A.Y. Jackson, Muskeg (detail), 1935, Collection of Glenbow Museum. Reproduction courtesy of the estate of the late Dr. naomi Jackson Groves; egypt, Mummy Mask (detail), early Roman period, ca. 100 A.D., Boston Museum of Fine Arts; edwin H. Holgate, Ludivine (detail), 1930, Collection of national Gallery of Canada; Sketch of the Great Court at the British Museum, london, england, 1994-2000, Foster and partners.


29%

28%13%

11%

6%5%

8%

31%

26%15%

11%

9%

8%

Glenbow: An entrepreneurial Museum Glenbow Museum is one of Canada’s most entrepreneurial museums generating nearly 70% of its revenue from fundraising, sponsorships and admissions. thanks to the community’s generous support, Glenbow continues to showcase a variety of dynamic exhibitions and a broad collection of artifacts, art and historical documents.

Government Support Glenbow Museum gratefully acknowledges the financial and in-kind support from the province of Alberta, Government of Canada and the City of Calgary.

In 2006-07, Glenbow continued operating under a three-year fee-for-service contract with the province of Alberta which saw a 17.3 percent increase in funding directed to the care, maintenance and access to the collections that Glenbow holds in trust for the people of Alberta. the province, along with the Federal Government, is also the major funder supporting the development of Mavericks: An Incorrigible History of Alberta. through the Ministry of tourism, parks, Recreation and Culture, other provincial Ministries, and the Federal Departments of Canadian Heritage and Western economic Development, Glenbow receives support for ongoing operations, capital projects, and strategic planning and development initiatives.

Municipal funding comes in the form of janitorial, maintenance and utility services the City provides at no cost through the telus Convention Centre, and through grants from the Calgary Arts Development Agency which support Glenbow’s ongoing operations.

Glenbow Membership Glenbow’s membership program continues to enjoy consistent growth. Glenbow members are an important part of our success, championing our cause in the community and offering financial and volunteer assistance here at the museum.

WEBsItE stAtIstIcs (May 3, 2006 to March 31, 2007)

total visitors 1,258,215*Average visitors per day 3,437Revenue generated $89,772.00* This number reflects a 34% increase over the previous year in 2005/06

LIBRARy And ARcHIVEs stAtIstIcs

phone inquiries 2,351email inquiries 1,974Mail inquiries 71Fax inquiries 28Average online visitors per day 465

148,848 visitors, 1,681 highest daily attendance, 4,270 students participated

in the Chevrontexaco open Minds Museum School, 48,129* students

took part in school programs, 70 participants attended teacher workshops,

225 volunteers contributed in excess of 28,000 hours (not including volunteer

hours for Glenbow’s Board of Governors), 340 gifts of cultural property were

donated with a value of $4,132,621, there were 1,205 new purchases valued

at $82,979 added to the collections *this number reflects students, teachers, teaching assistants, school volunteers, student teachers and outreach programs

OPERAtIng REVEnuE (%)

AttEndAncE At gLEnBOW MusEuM

Paid Admissions General attendance 71,443 Glenbow members 13,123 Group visits 4,876 School programs* 48,129 Special events 2,555

total paid Admissions 140,126* This number includes ChevronTexaco Open Minds Museum School, Museokits and onsite and offsite programming

Non-Paid Admissions library & Archives 2,593 other non-paid admissions 6,129 total non-paid admissions 8,722

grand total Admissions 148,848

OPERAtIng ExPEndItuRE (%)

Fundraising $ 4,071,898 31% Government of Alberta 3,379,000 26% Investment Income 2,029,382 15% City of Calgary 1,388,882 11% Commercial Activities 1,160,295 9% Admissions and Memberships 1,051,628 8%

tOtAL $ 13,081,085

program and exhibit Development $ 3,753,351 29% Core Services 3,708,977 28% Commercial Activities and Fundraising 1,641,862 13% Building Maintenance 1,435,429 11% Collections Management 1,107,428 8% Depreciation & Amortization 786,531 6% library and Archives 633,655 5%

tOtAL $ 13,067,233

22 23


edna BakkenMary Barr and Jim AllardMr. and Mrs. edward G. Battle Hyman and Jenny Belzberg Hazel BennettDavid BernatchezGeorge and Colleen Bezaire Michael Binnion larry and Ruth BirchallBKDI Architectsnan and edward Bredin Michele nowak and lloyd BuchananRichard S. BuswellCalgary exhibition and StampedeCalgary Fort Calgary lions ClubCalgary public libraryMatthew Campbell Christie’s Fine Art AuctioneersCillis/Arcovio FamilyZiva and noah Cohen Gerald Conaty and Gwyn langemannConnacher oil and Gas limitedAnne S. Crawford Ken W. and Joan Crowshaw thomas and Mary Cumming Rhonda Wishart and John Cuthbertson Martin and Kathleen DaviesJocelyne Daw and Robert page Dr. evelyn de MilleKen and Alison Delflisa Difrancesco and Doug Demetrick Gerald and Kathy DeyellDori and Jim Doucette Arthur and Bonnie Dumont epCoRVerna Jean FairbrassFelesky Flynn llp Firstenergy Capital Corp.Fortis AlbertaBrian and uta Fox David and Annie Freeze Cos and eleanor GabrieleJohn and eddie GareauBarbara e. GatesWanda GodwinRod and lois GreenGlynis GriggHamilton Hall Soles / Ray and BerndtsonRobin HarvieDr. John R. HemstockShairole Henchall and Malcolm AlberyRobert HerringshawDr. Margaret p. Hesslen and Julia Holman

Donna and Greg HortonGary and Alix JacksonClarence and Madeleine A. JohnsonRobert Keil and patricia SteeleJames and Shelley KeoughAubrey KerrMichael Klym and Kristi KasperJoe Konrad Continuous Contribution Fundphyllis KonradMarjorie lefaivreRobert and tanis lefroyCharles and natalie letourneauearl and Dorothy lomasA. Webster and Cynthia MacDonaldlouis W. Maceachernlawrie and Diane MackJames A.n. and Dora Helen MackieMischa MadsenKen and lynn MartensRod McDanielMcleod FamilyJoan and Colin Mcpheepeter McphersonGerri MurphyJohn and Karen Murphyted and Margaret newallnew Zones Gallery of Contemporary ArtGraham and Carolyn o’ConnorMichael, Janice, Christopher and Robert owenSherry patterson and Donald MeldrumBill peddlesdenRob, Ruth peters and Familyphillips Hager and north Investment Managementerna-May piercepittman, MacIssac and RoyQuesterre energy Corp.Robert and Sharon QuinnH. e. Beth RankinGreta Raymond and Darrell MyroniukDr. Brian and Mrs. Mary Ann ReevesGordon and Robyn RitchieDr. Michael J. and Mrs. Catherine RobinsonVera RossMary and Mary Christina Rozsa de CoquetHarry and Joanne Schaeferleanne Sereda and larry BarkleyRamsis Shehata, Krupp CanadaMarion and David ShillRonald and Margaret Southern

John and Robin SparksSt. Andrew - Caledonian Society of CalgaryRonald Winkelaar and Sue Stanfordneil and Donna Stephensonliane and George StevensonJoe Struck and Bev longstafftechnicoil Corporationtelus World of Science and Creative Kids MuseumDonald and Arleen thompsonSharon thorogoodlouise M. travisRandy and Beth Vander VoortDr. Greg and Mrs. lori Waslenelizabeth WattlingDeborah Yedlin and Martin MolyneauxBrad and tanya Zumwalt

$750 +AnonymousBumper FoundationAnne BurkeCalgary exhibition and Stampede Historical CommitteeDelton and Donna Campbell David and Kathryn Carey Curly and Doris GalbraithWilliam and J. louise Ganttimothy and elaine GodfreyJim and Joanne HawkesDave lefurgeyJean leslieAnne McKenzieDon Mcleod Guy Milner and Roger Helfrickewa newmanthomas and patricia RainwaterJames and Janice Sheaphyllis taylorYMCA of Calgary

$500 +AnonymousActive environmental ServicesAlberta Registered Music teachers’ AssociationBarry R. AldredJanet AmyDavid Ballard Benevolent and protective order of elks, lodge #4Russell and Jane Braathen James and evelyn Brown

estate of Marjorie BuddCanada HelpsCanadian Society of petroleum GeologistsKate ChallengerBill Chester David and Gay ClaydonDianne CleareConocophillips CanadaGeorge and Sheila Crawford endowment Fund at the Calgary FoundationJohn F. Crossley Desk and Derrick Club of Calgarynicole Dunsdon and patrick KryczkaForesters Calgary Chinook BranchRobert and Margaret Fraleigh Bob and Joyce GeldreichHannelore GewersJohn GrantRenie GrossSenator Daniel and Mrs. Kathy HaysMilt and linda HoholBrian and Barbara HowesBeverley Hrenewich and Gloria FilykMichael A. HurstShubha KarsanjiHoward and Frances KayeGerald l. KnowltonBrian and Shirley langanHarry M. lewisBill and Corinne MacdonaldJames F.n. and Brenda MackieJoan MacMillanFred and Dixie McCallHugh Mctavish and Greg MuttAnne Meiningerolympia trust Companyoptimist Club of CalgaryRod paulinAileen pelzerWilliam pepler & phyllis KaneMaureen poscentethomas and patricia RainwaterMike and Fran ReidHedy SeabornClarice Siebensperry and Geneva SpitznagelBrian and Debbie StahlGerald and Joyce SykesWilliam and June tyeArthur and Betty Wardlisa Welikovitch and Mark paidraMarshall and Joan WilliamsJeff and Korean Whitney

Glenbow Museum relies on community participation to achieve excellence in its exhibitions, programs, events and services. We receive meaningful support from our members, donors, volunteers and other partners. Glenbow is proud to acknowledge the significant contributions made by the following supporters for the period from April 1, 2006 to March 31, 2007.

$500,000 +Bumper Development Corporation ltd. Government of Canada as part of the Government of Canada Centennial Initiative in Alberta through Western economic Diversification Canada

$100,000 +AnonymousAlberta lottery Fund, Community Initiative FundBp Canada energy CompanyCalgary Arts Development AuthorityCBC/Radio - CanadaenCana CorporationImperial oil Foundation Infrastructure Canada - Alberta programthe Kahanoff Foundationnexen Inc.Randal l. oliver

$50,000 +Stanley BorensteinBurnet, Duckworth & palmer llpthe Calgary HeraldCanadian Heritage, Museums Assistance programCenturion energy International Inc.Chevron Canada Resourcespamela ClarkDonald and Shan Cross enbridge Inc.Hyatt Regency Calgaryevan pennyVirtual Museum of Canada

$25,000 +ARC Financial CorporationARC Resources ltd.Canadian Heritage, Canadian Culture online programMarion and Gordon Dixon

Masters Gallery ltd.the new Sun Fund at the Calgary Foundationpattison outdoor Grouppetro - CanadaRBC FoundationtransCanada pipelines limited

$10,000 +Anonymousthe Alberta Foundation for the ArtsAlberta Museums Associationthe Bergh FamilyHeather and Ian Bourne the Calgary FoundationCanadian Heritage, Canadian Arts and Heritage Sustainability programCanadian natural Resources limitedRichard CorsoDevonian FoundationKatie Gallagherthe Jarislowsky Foundation la Caille Fifth Avenue Inc.Allan p. Markin Barbara McMorlandDavid and Gail o’BrienHarold and Joan RainforthRally energy Corp.Jill RawlinsonRobert Austin and Susan elizabeth ScottShell Canada ltd.Joan SnyderSundog printing ltd.thep thavonsouklynn Webster and Michael Robinson

$5,000 +Advanced parking Systems ltd.Alberta tourism, parks, Recreation and Culture: Historic Sites and Museumsterry Allen and Rhys RenoufBerkhold Family FoundationCalgary International Film Festival

David and leslie Bissett Fund at the Calgary Foundation Don and Marlene Campbell Cascade ResourcesKaren and lauchlan Currie Joanne Cuthbertson and Charlie Fischer n. Murray and Heather edwards Faithful Companions of Jesus Christian life CentreGlobalFestpaulette and Sid GreennerDick and lois HaskayneDon and Denise HermanGordon and Sylvia JonesBill laingMacleod Dixon llp John nesbittleigh pullenBob and pat SteeleMuriel StewartStikeman elliott llpDavid and Carolyn tavenderteluSBill and Jean toole Family Donor Advised Fund at the Calgary FoundationWhere CalgaryWiebe Forest engineering ltd.Darol and ev Wigham

$2,500 +AnonymousRuth BarkerAndrea Binmore-Brussa James and Susan Buckee Geoff Burtonshaw Canadian Centre for energy InformationJanice ClarkeCopy ZoneCoril Holdings ltd.edmond G. and Maureen eberts eSI energy Services Inc.evamy Family Flow-through Fund at the Calgary Foundation

FFWD WeeklyFranklin templeton InvestmentsWilf and Marg GobertDon and Kim GrayJim HallHarley and Rebecca HotchkissIrene Kmet and Donald WetherellMichael and Madelyn langMike lennoxMacewan Family Charity Fund at the Calgary FoundationJ.F. Mackie and CompanyF. Richard MatthewsDorothy and James McleodJean MerrimanJ. Sherrold and patricia MooreArchie and Christine nesbittHilde and Reiner patuschkapetroleum History Societypirie Foundationleon J. plotkinsD. Miles priceRocky Mountaineer RailtoursDiana Rozsaleonard and Faigel Shapiro Family Fund at the Calgary FoundationRichard and Mary ShawDonald Smith and nancy townshendMichael and Caron Stewarttable talktrico Homes Inc.united Way of Calgary and Arealawerence W. West Family Fund at the private Giving FoundationWigham Resources ltd.

$1,000 +AnonymousFred and Carol Abbottelizabeth and Bob AndrewsBrenda AndrewsArabia Adorned Belly Dance Academythe Art of Hardware Inc.Ruth AtkinsBarbara J. Baker

2524


fInanCIal ReVIeW

28 Management Discussion and analysis | 34 Management’s Report

35 auditors’ Report | 36 balance sheet | 37 operating fund statement

38 statement of operations and Changes for endowment and Designated fund balances

40 statement of Cash flows | 42 notes to the financial statements

$250 + AnonymousFrancisco AlanizDennis and patricia AndersonHilary and tony ArgentoAssociation of Retired postal employeesChris and Vicki Baker Ross and nancy BarrettBeulah and David Barss Margaret BawdenHank and Beverly Bayletannis BettsDavid BiggarShari BoeseKen and linda BolstadSusan and William Bradley H.A. (Sandy) Bruce Ray and Raenelle BruegemanRoy and ellen Budd peter BurgenerJames and Jacqueline BurkeGail BurtonAngela ByrneAllan Carswell and Donna Yakimishyn patrick and Marie Anne Casey Doug and Vicki CassJohn and Ann Casson nadine CharmanRobert and Beverley ChildKim and Julia ChuaJohn earle Clark and Carol A. Ruzycki Robert and Yanka Cochrane Joel and pat Cochrane Dr. Martha CohenSharon Cook and Arden AldridgeBrian Craig and Shelley KuipersJay and lucy CrossMark CrossfieldWilliam and laurie CsokonayDavid CunninghamV. A. Cuthbertson Jo-Ann de Repentigny and Denis Couturier Walter and Irene DeBoni Roland Dechesne and tammy DuganArt and Marguerite DixonMike and Frances Dodds John DuckettJ. Bruce Dunlop Dr. Jos and Mrs. Margaretha eggermont Robert eliasDale ellert and Barbara Snowdon lynn elston and Andrew Boland

Barry and Maida evans Susan and Alan eyreRobert and norma Farquharson Bonnie and Michael FarrisGloria Fedirchuk Joy and Cornelius FehrClem and lynn Feldmeyer Vickie FischerGeraldine I. Fish D. Anne Fitzpatrick Gregory J. Forrest and Margo HelperDavid and Beverley Foy Ron and Aileen Freemanlouis and lorene FrereDonald Gardnerpierre Gendron and Shelia StewartRichard l. and Julie GeorgeStephen and lynne Gibsonned e. and lyn GilbertGreg and Roxanne GlennGM Bain Real estate Services ltd. Bill Gordon and Sandy evansJames GoughGlenn and Claire GraddenRobert and laurie GriffinC.R. and eleanor GuestBrian and Christine Halltori and Shane HealingJames and linda Herbertpaul HewittFraser and Michele HorneDaniel HoshwaAlan and Virginia HunterChandra and Ila JadavJan and A.C. JansoniusBernice Jensenpeter Johnson and erin thrallowen and Joanne JordanKaren and Kimberly KadatzDavid Keith and Susan pooleStephen Kelba and Karin ColesDan and Wendy KennellyJohn and Maria Kimbertim and Darlene KitchenKathleen KordaRyszard and Sylvia KowalewskiA. Ronald and Barbara lawDan and Darlene lebenzonloring and ellen leepatricia leeAl Cushing and linda leon W. Gordon and Catherine leslieShan liu & Dai WangDonna livingstone and ed CavellJames lord

Grant and lauri lospeter and Jeanne lougheedDr. e. W. paul luxfordManitoba Metis Federation Inc.Wes Martin and Gail HowatKim and Deborah McCaigSusan and Richard McCowannorman McDonald and Kathy Smitht e and S M McDonoughDavid and Sophie McGoeylinda McGregorRobert and patricia McGrorySheila and Bill MclagganHoward and Janet McleanKenneth McMillanBruce and Barbara McneilGordon and Janice MctavishBryan and Christine Meadentom and Anna MeagherBruce Milesnancy MillarDr. Donald and Mrs. Joyce MooreMichael and Barbara MorinSally Mountjoy and Daniel HarperRuth B. MowatDavid MurphyJoan Mylespaul neave and Ingrid GeppertDr. Rowland nichol and Dr. laurie perelesBernice niemeyerDr. John and Mrs. Margaret noakesCara olynyk and Andrew Grahamelsie ostergardJeff and Karen parkertom and lesley parkerKevin and Alexandra parkinsDr. Diana pattersonJames and Cheryl peacockGreg and Karen pedersenDr. Chris and Mrs. Betty penneytietje pieraFrances A. plauntDavid ponte and patricia QuinnMike and Skye portJames and Jean porterprinceton and District Museum and ArchivesRoss and Sharon pritchardterry Rahbek-nielsen and Mads Ascaniustasneem RahimRoss and Stacey Raymentnoel and elizabeth ReaRedcliffe exploration

Dr. Susan Rees and Dr. edmund BarkerMoness Rizkalla and Susana Bustilloernest F. and Adele RobertsRockyview School DivisionStephen and theresa RomanskyMichelle SeamanDr. thomas ShackletonViviana and Venessa ShanemanGloria SherbutRobert Skitmore and Bonnie Ramsay SkitmoreKenneth and Barbara SmithSteve and Carolyn SoulesJudith A. SprouleSpencer StevensG. C. StevensonJames and lorna StewartClaudette StivenBarry Styles and Catherine Bagnell StylesCharles and Kathy SunbergRobert and Jeannette Sutherlandthomas and Carol SydnesMatthew SymmesBarry and Fay tateStephen and loretta taylorRobert and Marni taylorDave and Martha taylorteamsters of Canada Rail ConferenceAnn ten pierikCathleen thoms and tim phillipsHelen thomsonnils and Sonya tiltmannMarie-louise tomas and lawrence BernsteinJune townleyJoy tozerJim and Anne ValentineCecilia VegaGlenn Watt and Kathleen tigheJohn WeidlichJ. Graham Weir and penny WeirDr. lisa Welikovitch and Mr. Mark paidraGene WestDianna WildeFrank and Carol WiskarShirley WolfeJohn and Sol WrightHal and Marnie Wyatt

2006 – 2007 Annual ReportCurrent as of March 31, 2007

26


Management Discussion and Analysis

summer of 2007 and recommendations will be implemented later in fiscal year 2008. the operating revenue withdrawn from the endowment funds in fiscal year 2007 was reduced by 2.2% in fiscal year 2007.

Commercial and other sources of revenue account for 10.3% of operating revenues. these include proceeds from the sale of archival images, museum shop sales, revenues generated by our traveling exhibition program, rental income and other miscellaneous activities.

OPERAtIng ExPEndItuREs

Support services and administration costs include a wide range of functions that impact all operational areas including: all financial reporting functions, organizational governance, human resources, volunteer resources, information systems and support and new media development, facilities maintenance, visitor services, external professional auditors and advisors, and general office supplies and services. these costs showed a very small decrease of only 0.1% since March 31, 2006. this slight overall decrease in operating costs compared to the previous year camouflages the long term more significant increase in real costs. 2006 included an unusually high level of spending on security and website development. payroll and other costs continue to rise and it has been difficult to recruit and retain a number of key positions in the current Calgary job market. Almost 40% of the Institute’s workforce is employed in these support areas and a negotiated settlement of 3% in the one year collective agreement with Cupe local 1645 adds significantly to operating costs.

program and exhibit development includes designers, public and school programmers, production staff and traveling exhibit coordinators. Additional staff were hired on term contracts to work on the research, development and construction of a new permanent gallery on the third floor.

Collections management cares for and maintains the province’s collection. there was a reduction in administrative support staff and two curatorial positions reducing costs in comparison with the 12 months ending March 31, 2006.

Fund development and communications includes the personnel and infrastructure costs associated with maintaining and growing our fundraising programs and profile as well as developing and supporting the Institute’s membership program. It also oversees marketing and promotional activities for the organization as a whole and coordinates our publishing program. Costs in this area decreased by 13.6% in fiscal year 2007. the most significant factor in this reduction was the need for Glenbow to promote only one temporary exhibit during the 12 month period.

Amortization expenses remained consistent over the two fiscal years. In 2008 the $5 million dollars of capital construction and development costs for the Mavericks gallery will begin to be amortized and amortization charges will increase substantially. the gallery was complete within days of the 2007 fiscal year end and no depreciation has been charged for this fiscal year.

cAPItAL AssEts

Capital expenditures in 2007 totaled $4.9 million. $4.4 million or 90% of this balance was spent on capital construction costs for the Mavericks gallery.

the following is a discussion and analysis of the financial condition and results of the Glenbow-Alberta Institute for the years ended March 31, 2006 and March 31, 2007. It should be read in conjunction with the accompanying audited financial statements and the other information contained in this annual report.

OVERVIEW

the 2007 fiscal year was another very successful year for the Glenbow-Alberta Institute. During the course of the year:

• the main temporary exhibit of the year was Arts of the Ancient Mediterranean. this ran from June 2006 to June 2007 and maintained the public’s interest and attention for the duration of its run.

• March 2007 brought the completion and opening to the public of the Mavericks gallery. this significant project absorbed most of the operating resources of the organization for much of the fiscal year.

these achievements are consistent with our long-term strategic and operational goals of creating interactive programs and exhibits that our members, visitors and customers want to see, becoming an innovative knowledge centre by providing quality content, refining and building the collection, increasing and diversifying attendance and revenue sources and strengthening Glenbow’s profile locally, nationally and internationally.

OPERAtIng REVEnuEs

the Institute works to achieve its vision and goals with strong support and partnerships with the general public, individual and corporate donors, foundations and government. the Alberta tourism, parks, Recreation and Culture office has a service agreement with the Institute for the provision of curatorial care and public access to the collection which is owned by the province. this contract provided 28.9% of our annual operating revenues in the 12 months to March 31, 2007. It was renegotiated in the fall of 2005, and a three year agreement for the period to March 31, 2009 remains in place. Structured fundraising and donations generated $4.1 million or 34.8% of operating revenues. this represents a substantial increase over prior years. Grants received from the province of Alberta’s Centennial grants program and the Government of Canada’s Western economic Diversification program in support of the development of the Mavericks gallery are the most significant factors in this increase over the previous 12 month period. themed temporary exhibitions and creative programs continue to appeal to our members, visitors and customers. this strategy continued in a limited way in fiscal year 2007 with only one temporary exhibit change. this was to allow internal resources to be directed to the construction of the Mavericks gallery and redevelopment work on the third floor of the museum. Admissions and membership revenues decreased by 14.5% as a result for the 12 months to March 31, 2007, but met reduced targets for the year. A full schedule of temporary exhibits and programs will be reinstated in fiscal year 2008. new initiatives are considered on a regular basis to continue to grow audience and revenue sources.

Fiscal year 2008 marks the final year of a three year transitional period to a longer term strategic management of the Institute’s endowment funds. With effect from April 1, 2008 the annual spending rate for all our endowment funds will be set at a maximum of 5 – 5.5% of market values of the endowment funds at the time at which the Board of Governors approves the operating budget. this strategy has been adopted to maintain the purchasing power of the endowment funds in perpetuity. Consultants have been engaged to review and make recommendations with respect to the management and structure of Glenbow’s endowment funds. A report should be available early in the

2928


2007

2006

2005

$4,500,000

$4,000,000

$3,500,000

$3,000,000

$2,500,000

$2,000,000

$1,500,000

$1,000,000

$500,000

$0

$4,000,000

$3,500,000

$3,000,000

$2,500,000

$2,000,000

$1,500,000

$1,000,000

$500,000

$0

operating Revenues

operating expenditure

$3,753,351 $1,107,428 $633,655 $1,641,862 $3,755,524 $786,531

$2,632,553 $1,439,040 $643,513 $1,794,422 $3,758,925 $790,148

$2,394,772 $1,235,750 $606,284 $1,877,647 $3,750,126 $854,329

2007

2006

2005

provincial endowment Fundraising Admissions & Commercial & Contract Fund Revenues Memberships other Activities

$3,379,000 $1,986,858 $4,071,898 $1,051,628 $1,202,819

$2,879,000 $2,032,410 $3,593,713 $1,230,390 $1,348,639

$2,738,000 $2,393,007 $3,099,725 $1,181,224 $1,328,924

program Collections library Glenbow Support Services Amortization & exhibit Management & enterprises & & Development Archives Museum Shop Administration

EndOWMEnt Funds

Despite a withdrawal of slightly more than the recommended target of 5.5%, the endowment funds have maintained their market value and grown in the last 12 months. the consolidated endowment funds now have a market value of $33.4 million an increase of $2.1 million over the market value at March 31, 2006. An additional $825 thousand in donations to the legacy endowment fund were received. these contributions were made to help with the incremental costs of programming and maintaining the new permanent gallery over its expected useful life of ten years.

In fiscal year 2007, the Institute withdrew $21 thousand more income from the endowment funds, than the funds generated in that year (2006 - $200 thousand). this deficit has been compensated for by the growth of the fund during 2007.

LIQuIdIty And cAPItAL REsOuRcEs

During 2007 the Institute raised $11.7 million dollars to finance its total operating cash expenditures of $10.9 million through its contract with the province, fundraising endeavors and self-generated sources of revenue. the additional available cash flow of $800 thousand was applied to capital expenditures and working capital. Cash for capital expenditures in excess of cash generated through operations was received through federal and provincial government grants for the development and construction of the Mavericks gallery. Advances were made during the course of the year under the Institute’s credit facility to provide necessary financing for the development and construction of the gallery. Final grant payments will be received during the course of fiscal year 2008 and the Institute does not anticipate a need to continue with this indebtedness as operations return to normal. In-kind support from the province and the City of Calgary for the use of the building and the utilities, janitorial and maintenance services associated with it are critical to the organization and allow the Glenbow to fund a far larger range of activities than would otherwise be possible with our existing cash-flow.

the operating budget for 2008 is covered through anticipated sources of recurring funding.

cRItIcAL AccOuntIng EstIMAtEs

Glenbow’s significant accounting policies are described in note 3 of the notes to the Financial Statements. the preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimated. unless specifically stated below, the organization is not aware of trends, commitments, events or uncertainties that it reasonably expects to materially affect the methodology or assumptions associated with the critical accounting estimates.

Accounts Receivable – Bad and doubtful debts

the organization has made no provision for bad or doubtful debts. Aging debts are reviewed monthly. there have been no write-offs during the course of the year and it is management’s opinion that the accounts receivable balances representing 9.1% of total assets at March 31, 2007 will be received in full. If the future were to differ from management’s best estimate of amounts recoverable the organization could experience a bad debt charge in the future.

3130


Management Discussion and Analysis cont…

there is also the contract for the Curatorial Care and public Service Access Agreement with the province of Alberta who own the majority of Glenbow’s collections. the current agreement is for a three year period expiring on March 31, 2009. the contract is for $3.4 million, per year for a period of three years. no allowance for inflation is included in this contract.

LOOKIng FORWARd tO 2008

the 2008 budget was built on an assumption of consistent and growing receipts from existing and new fundraising programs, growth in attendance revenues and a 5% fee increase in our service contract with the province of Alberta. projected operating revenues are $11 million.

now that the third floor redevelopment is substantially complete and the Mavericks gallery is open we will be able to host our full annual program of temporary exhibitions again. our second floor galleries will display three new themed exhibitions between April 1, 2007 and March 31, 2008. ongoing work with the collections, archives and library collections will be sustained at levels required to maintain and allow access to the collections as required by the province of Alberta and the public Glenbow serves. planning will begin for the redevelopment of the second floor and the creation of a permanent art gallery within the next five years.

General operating costs continue to rise more rapidly than our anticipated growth of new revenues. the 2008 operating budget allows for an estimated 3% negotiated settlement with the membership of Cupe local 1645 as well as increases in many other fixed operating costs.

the Board of Governors has recommended that over the next five years, Glenbow work collaboratively to enhance its existing programs and activities and to focus on the concepts of art, dialogue and history as we consider ways of renewing Glenbow in the years ahead.

Inventory Obsolescence

the organization reviews its inventory for obsolescence at the annual inventory count carried out close to the end of the fiscal year. It has made no provision for inventory obsolescence. If this estimate is inadequate, the organization could experience a charge to operating expense in the future.

capital Assets

the accounting estimates for Capital Assets represent 16.8% of the organization’s balance sheet at March 31, 2007. If the organization’s estimated useful lives of assets were incorrect, the organization could experience increased or decreased charges for the amortization of capital assets in the future.

Recoverability of Long term Investments

the organization assesses the recoverability of its long-term investments on a regular, recurring basis. the most significant assumptions underlying the recoverability of long-term investments are the achievement of future cash flow and the long-term sustainability of the organization. no allowance has been made for the recoverability of long-term investments at March 31, 2007. If the recoverability of a substantial portion of long-term investments is doubtful, the organization could experience an increased charge to investment expense in future and a reduction in the endowment revenues used to sustain its on-going operations.

Revenue Recognition and deferred Revenue

the organization recognizes revenue given for a designated purpose or project in the period in which the related expenses are incurred or the project is completed. Revenues received for projects or expenses which will occur in a future period are deferred until that future period. If management estimates of the cost or completion date of the designated activities are inaccurate, revenues could be recognized inaccurately.

OPERAtIOnAL RIsKs And uncERtAIntIEs

the organization depends on fundraising to finance a significant proportion of its activities and strives to maintain an extremely strong profile and reputation with its stakeholders, the business community and government. therefore, it adheres to high standards of governance and financial stewardship which are regularly reviewed.

the organization’s operating budget is approved by the Board of Governors and regularly reviewed, however changes in the economy both locally and nationally have an impact on the amount of operational revenue that can be generated. large exhibitions are booked at least a year in advance and permanent gallery development takes significantly longer. this restricts the organization’s ability to react quickly to economic and other changes.

the two most significant contractual arrangements which impact our ongoing operational activities are our collective agreement with Cupe local 1645 which terminated on March 31, 2007. Ratification of a new multiyear contract is anticipated in the summer of 2007.

3332


the financial statements of the Institute are the responsibility of management and the Board of Governors. they have been prepared by management in accordance with accounting principles generally accepted in Canada, applied on a consistent basis.

In fulfilling its responsibilities, management has developed, and maintains, a system of internal controls designed to safeguard assets and the collection from loss or unauthorized use and ensure the accuracy of the financial records. the financial statements necessarily include certain estimates which are made after consideration of the information available and using careful judgment.

the Board of Governors exercises its responsibilities for financial controls through the Audit/Investment Committee which is comprised of Governors who are not employees of the Institute. the Committee meets with management and the external auditors to satisfy itself that the responsibilities of the respective parties are properly discharged and to review the financial statements before they are presented to the Board for approval.

Deloitte & touche llp have examined the financial statements for the year 2007, and their report to the Board of Governors is presented herein.

Michael p. RobinsonPresident & chief Executive Officer

Marion A. Shillchief Financial Officer & corporate secretary

Management’s Report

3534


balanCe sHeeT

REVEnuE

province of Alberta $ 3,379,000 $ 2,879,000

Investment income 42,524 19,192

Allocation of unrestricted investment income from Founding, legacy, Collections, library and Designated funds 1,986,858 2,032,410

Fundraising (note 11) 4,071,898 3,593,713

Admissions and memberships 1,051,628 1,230,390

Museum shop 748,285 724,354

Commercial activities 298,768 501,795

Miscellaneous 113,242 103,298

11,692,203 11,084,152

ExPEndItuREs

president’s office $ 906,216 $ 836,922

Central services 2,849,308 2,922,003

Collections 1,107,428 1,439,040

program and exhibit development 3,753,351 2,632,553

library and archives 633,655 643,513

Museum shop 620,820 611,609

Fund development and communications 1,021,042 1,182,813

Amortization 786,531 790,148

11,678,351 11,058,601

nEt REVEnuE $ 13,852 $ 25,551

the accompanying notes are part of these financial statements.

FoR tHe YeAR enDeD MARCH 31, 2007 totAl totAl 2007 2006

oPeRaTInG fUnD sTaTeMenT

AS At MARCH 31, 2007 opeRAtInG enDoWMent AnD totAl totAl FunD DeSIGnAteD FunDS 2007 2006

AssEtCurrent: Cash and investments $ 543,988 $ 5,704 $ 549,692 $ 646,039

Due from restricted fund 102,657 – 102,657 118,071

Merchandise for resale 245,572 17,666 263,238 249,742

Grants and donations receivable (note 4) 3,815,293 – 3,815,293 7,376,523

Accounts receivable and accrued interest 161,278 – 161,278 442,247

prepaid expenses 106,462 – 106,462 85,784

4,975,250 23,370 4,998,620 8,918,406

Capital assets (note 5) 7,816,098 – 7,816,098 3,732,730

Grants and donations receivable after more than one year 255,000 – 255,000 1,729,390

Investments (note 6) – 33,359,785 33,359,785 31,317,715

$ 13,046,348 $ 33,383,155 $ 46,429,503 $ 45,698,241

LIABILItIEs And Fund BALAncEsCurrent: Bank Indebtedness (note 7) $ 462,183 – $ 462,183 $ 616,238

Accounts payable and accrued liabilities 2,466,914 – 2,466,914 1,930,883

Due to operating fund – $ 102,657 102,657 118,071

Deferred revenue (note 8) 2,324,053 – 2,324,053 7,796,215

5,253,150 102,657 5,355,807 10,461,407

long-term: Deferred revenue (note 9) 5,897,588 – 5,897,588 1,890,350

Fund Balances - unrestricted (note 10) 236,227 – 236,227 (97,297)

- Invested in capital assets (note 10) 1,659,383 – 1,659,383 1,979,055

- endowment and designated – 33,280,498 33,280,498 31,464,726

$ 13,046,348 $ 33,383,155 $ 46,429,503 $ 45,698,241

on behalf of the Board of Governors:

Mr. Ian Bourne Mr. Herb H. Snowdon

Chairman of the Board Governor the accompanying notes are part of these financial statements.

3736


sTaTeMenT of oPeRaTIons anD CHanGes foR enDoWMenT anD DesIGnaTeD fUnD balanCes

$1,964,872 $ 1,831,708 $ 10,057 $ 4,391

1,199,069 1,113,910 1,372 17,305

(1,986,858) (2,025,885) – (6,525)

– 12,825 – (12,825)

10,355 98,099 – –

825,000 1,561,998 1,700 1,766

(53,851) 18,711

2,012,438 2,592,655 (40,722) 22,823

155,319 142,424 125 481

500 – – –

– (116,312) – –

155,819 26,112 125 481

1,856,619 2,566,543 (40,847) 22,342

31,259,859 28,693,316 204,867 182,525

$ 33,116,478 $ 31,259,859 $ 164,020 $ 204,867

enDoWMent FunDS Cont. DeSIGnAteD FunDS

totAl totAl totAl totAl 2007 2006 2007 2006

REVEnuE

Investment income

Interest, dividends, capital gains and losses $ 872,488 $ 700,587 $ 391,797

unrealised investment appreciation 784,435 289,965 124,669

Allocation of unrestricted investment income to operating fund (1,046,784) (592,074) (348,000)

Allocation of unrestricted income to restricted fund – – –

Deaccessioning proceeds – – 10,355

Donations – 825,000 –

Miscellaneous

610,139 1,223,478 178,821

ExPEndItuREs

Investment expenses 77,303 50,132 27,884

Miscellaneous expenses – 500 –

Amortization – – –

77,303 50,632 27,884

nEt REVEnuE (ExPEndItuRE) 532,836 1,172,846 150,937

Fund BALAncEs, BEgInnIng OF yEAR 16,083,622 9,706,204 5,470,033

Fund BALAncEs, End OF yEAR $ 16,616,458 $ 10,879,050 $ 5,620,970


FoR tHe YeAR enDeD MARCH 31, 2007 enDoWMent FunDS

FounDInG FunD leGACY FunD ColleCtIonS FunD 2007 2007 2007

3938


sTaTeMenT of CasH floWs

$ (40,847) $ 1,815,772 $2,588,885

(1,372) (1,200,441) (1,131,215)

– – (116,312)

(42,219) 615,331 1,341,358

43,529 226,406 166,932

1,310 841,737 1,508,290

(1,201) (841,628) (1,527,991)

– 0 –

– 0

(1,201) (841,628) (1,527,991)

109 109 (19,701)

5,595 5,595 25,296

$5,704 $5,704 $5,595

nEt InFLOW (OutFLOW) OF cAsH RELAtEd tO tHE FOLLOWIng ActIVItIEs

OPERAtIng

net revenue (expenditure) $ 13,852 $ 25,551 $ 1,856,619

Items not affecting cash

unrealised Investment Appreciation – – (1,199,069)

Amortization 786,531 790,148 –

800,383 815,699 657,550

Changes in non-cash working capital items 4,134,039 120,005 182,877

4,934,422 935,704 840,427

InVEstIng

net change in investments – – (840,427)

Decrease in bank indebtedness (154,055) 616,238 –

Additions to capital assets (4,876,823) (1,330,599) –

(5,030,878) (714,361) (840,427)

nEt cAsH InFLOW (OutFLOW) (96,456) 221,343 0

cAsH POsItIOn, BEgInnIng OF yEAR 640,444 419,101 0

cAsH POsItIOn , End OF yEAR $ 543,988 $ 640,444 $ 0


FoR tHe YeAR enDeD MARCH 31, 2007 opeRAtInG FunD opeRAtInG FunD enDoWMent FunDS 2007 2006 2007

DeSIGnAteD FunDS totAl totAl 2007 2007 2006

4140


noTes To THe fInanCIal sTaTeMenTsMARCH 31, 2007

Institute Amendment Act, 1996 to be reinvested in order to maintain the value of the Devonian Foundation Gift, increased by inflation. Investment income in excess of the annual inflation amount may be retained in the Fund or allocated to the operating Fund at the discretion of the Board of Governors. the province of Alberta Gift is also invested in marketable securities and interest bearing deposits. the Board of Governors has specified that an amount of investment income earned thereon must be retained in the Founding Fund (the “Fund”) in order to maintain the value of the province of Alberta Gift, increased by inflation. the remaining investment income may be retained in the Fund or allocated to the operating Fund at the Board’s discretion.

the legacy Fund was established by the Board of Governors and is invested in marketable securities and interest bearing deposits. During 2006, additional endowment gifts were received for the development and maintenance of the Mavericks gallery and to permanently preserve the Imperial oil Archival Collection. these have been combined with the proceeds of the t.R. pat McCloy library Fund (which was established from the proceeds of a 2002 deaccessioning program of selected items which were not part of the Institute’s core mandate, or were duplicates of items accessible in the local community) and the existing legacy Fund. the Board has specified that an amount of investment income earned thereon must be retained in the legacy Fund (the “Fund”) in order to maintain the value of the Fund, increased by inflation. Any remaining unexpended investment income may be retained in the Fund or allocated to the operating Fund at the Board’s discretion and in accordance with the wishes of the original donors.

the Collections Fund was established from the proceeds of a 1995 deaccessioning program for selected international collection items which are not part of the Institute’s core mandate. the net proceeds of the deaccessioned items were credited to the Collections Fund. expenditures from the capital are restricted to the purchase of collection items. the Board has specified that an amount of investment income earned on the Collections Fund (the “Fund”) must be retained in the Fund in order to maintain the value of the Fund, increased by inflation. Any remaining unexpended investment income may be retained in the Fund or allocated to the operating

Fund at the discretion of the Board of Governors for “the care and maintenance of the collection.”

iii) Designated Funds the Institute receives other funds which are designated for special use by donors or by the Board of Governors. It is the Institute’s policy to maintain these funds separately as Designated Funds. transfers for capital asset acquisitions are made annually to the operating Fund to the extent that Designated Funds have been expended on capital assets. Designated Funds include grants received from various government and private agencies to finance specific projects and proceeds from the sale of Glenbow-Alberta Institute publications.

b) Revenue Recognition Restricted contributions related to general operations are recognized as revenue of the operating Fund in the year in which the related expenses are incurred. All other restricted contributions are recorded directly to the appropriate restricted fund when received.

unrestricted contributions are recognized as revenue of the operating Fund in the year received or receivable if the amount to be received can be reasonably estimated and collection is reasonably assured.

operating grants are recognized as revenue in the period when receivable. operating grants received for a future period are deferred until that future period.

Contributions to endowment Funds are recognized as revenue in the endowment Funds.

Investment income earned on endowment Fund resources is recognized in the endowment Fund. Funds are transferred to the operating Fund in accordance with terms approved by the Board.

other investment income is recognized as revenue of the operating or Designated Funds when earned.

net revenues from the deaccessioning of collections items are forwarded to the province of Alberta on receipt for deposit into

nOtE 1 gEnERAL

the Glenbow-Alberta Institute (the “Institute”) operates under the authority of the Glenbow-Alberta Institute Act, Chapter G-5, Revised Statutes of Alberta 1996, as amended. the Institute is registered as a charity under the Income tax Act and is exempt from income tax.

ownership of the majority of the collections is held by the province of Alberta. the Institute is responsible for caring for the collection and providing public access.

the Institute administers seven collections with over 1.3 million objects, comprised of Cultural History, ethnology, Military History, Mineralogy, Art, library, Archives - paper, photographs and negatives.

All additions to the collections, including gifts, are approved by the Board of Governors. Deaccessioning of major value collection items requires approval by the province of Alberta.

nOtE 2 nAtuRE OF OPERAtIOns And dEscRIPtIOn OF ORgAnIzAtIOn

the nature and business of the Institute is to provide public service through a human history museum, an art gallery, a library and an archives. the organization is comprised of six work units, the functions of which are as follows:

the president’s office carries out the functions of the overall administration of the Institute, including human resources.

Central services provides board services, accounting, budgeting and financial services, computer services, photography, purchasing, security and building services, volunteer services and carries other unallocated costs such as photocopier leases and communications.

Collections makes recommendations on the purchase and acceptance of gifts of art and artifacts and the deaccessioning of collection items, stores and conserves collection items and makes the collection available for display to the public.

program and exhibit development plans, facilitates, coordinates and produces all aspects of the Institute’s activities for the public.

library and archives acquires, catalogues, preserves and makes available to the public and staff published and archival material relating to the history of southern Alberta and western Canada.

Glenbow enterprises is a division of the Institute responsible for private sector, individual donor and foundation fund raising, facility rentals, the museum shop, grant applications, commercial alliances, advertising and promotion campaigns and new business ventures. Glenbow enterprises also develops publishing programs which reflect the full range of research undertaken at the Institute. publishing projects include catalogues, books, the Glenbow magazine, videos, research notes and multi-media technology.

nOtE 3 sIgnIFIcAnt AccOuntIng POLIcIEs And REPORtIng PRActIcEs

these financial statements have been prepared by management in accordance with Canadian generally accepted accounting principles.

a) Fund Accounting the Institute follows the restricted fund method of accounting for contributions. loans and advances between the funds are recorded in each fund and are not eliminated in the fund totals on the balance sheet.

i) operating Fund the operating Fund accounts for the organization’s administration activities, fundraising and the costs of maintaining and allowing public access to the collections.

ii) endowment Funds the Founding Fund contains the Devonian Foundation Gift and the province of Alberta Gift: initially $5,000,000 each. the Devonian Foundation Gift is invested in marketable securities and interest bearing deposits. A portion of the investment income earned annually thereon is required by the Glenbow-Alberta

4342


Furniture and equipment $ 7,652,604 $ 5,656,557 $ 1,996,047 $ 1,811,595

leasehold improvements 3,422,880 2,480,113 942,767 1,149,545

permanent gallery construction 4,877,284 – 4,877,284 467,320

traveling exhibitions 367,810 367,810 – 304,270

$ 16,320,578 $ 8,504,480 $ 7,816,098 $ 3,732,730

a designated account for Glenbow Museum held collections which form part of the Historic Resources Fund of Alberta Community Development. Revenues from the deaccessioning of library items are allocated to the legacy Fund which includes the t.R. pat McCloy library Fund. expenses of deaccessioning are paid from sale proceeds.

c) donated services A substantial number of unpaid volunteers have made significant contributions of their time to the Institute’s programs. the value of this contributed time is not included in these financial statements, since objective measurement of valuation is indeterminable.

d) Merchandise for Resale Merchandise for resale is recorded at the lower of cost or net realizable value and is relieved from inventory on a first in first out basis.

e) capital Assets Furniture and equipment is recorded at cost and is amortized on a straight-line basis over the estimated useful lives of the assets: computer equipment 33.3%, vehicles and equipment 20%, major renovations 6.67% and furniture 10%.

leasehold improvements and traveling exhibitions are recorded at cost and are amortized over the expected lives of the improvements or exhibitions.

new permanent exhibits are recorded at cost and are amortized on a straight-line basis over the expected useful life of the

exhibit 10%. no amortization has been charged in fiscal year 2007 on a permanent exhibit which was completed and opened to the public at the end of the fiscal year. Amortization charges will begin with effect from April 1, 2007.

long-lived capital assets are tested for recoverability whenever events or changes in circumstances indicate that their carrying amount may not be fully recoverable.

f) Investments Investments are recorded at fair value. Any changes in fair value are recognized in income for the period and are accordingly reflected in the statement of operations and changes in fund balances.

g) Financial Instruments Accounts receivable and accrued interest, investments and accounts payable and accrued liabilities constitute financial instruments. Based on the available information, the carrying value of the Institute’s accounts receivable and accounts payable approximates fair value as at March 31, 2007. Investments are long-term in nature and are recorded at market value. See note 6 for fair value information pertaining to the investments.

the Institute is exposed to risks arising from fluctuations in interest and foreign exchange rates. the Institute does not use derivative instruments to reduce its exposure to interest and foreign exchange rate risk, but mitigates risk by ensuring that dates of bond maturity are staggered.

nOtE 4 gOVERnMEnt gRAnts

Grants and donations receivable include the following government grants: ReCeIVABle In leSS tHAn 12 MontHS

province of Alberta – Centennial legacies grant in support of the Mavericks gallery $ 1,533,144

Government of Canada – Western economic Diversification program in support of the Mavericks gallery $ 1,671,062

44

nOtE 5 cAPItAL AssEts 2007 2006 ACCuMulAteD net BooK net BooK CoSt AMoRtIZAtIon VAlue VAlue

nOtE 6 InVEstMEnts 2007 2006

Market Value Market Value

Founding Fund

Devonian Foundation Gift $ 8,611,610 $ 8,564,225

province of Alberta Gift 8,057,318 7,516,810

16,668,928 16,081,035

legacy Fund 6,862,750 6,673,643

Collections Fund 5,638,346 5,469,162

library Fund 2,663,871 2,484,074

Designated Fund 152,244 149,671

Mavericks Fund 1,373,646 460,130

$ 33,359,785 $ 31,317,715

Common and preferred stocks 21,037,460 19,667,527

Bonds, debentures and mortgages 11,693,489 10,950,222

Cash and short-term deposits 544,581 608,875

Accrued interest receivable 84,255 91,091

$ 33,359,785 $ 31,317,715

45


nOtE 11 FundRAIsIng

Fundraising revenues of $4,071,898 in the operating fund and $826,700 in the endowment and restricted funds include cash donations to the Institute and do not include donations of art, artifacts and archival material to the collections which are owned by the province of Alberta.

All contributions received were applied to the charitable activities and the associated operating overheads of the organization. Contributions in excess of 10% of the total gross contributions recognized as revenue during the year amounted to $1,960,602 applied to the redevelopment of the permanent galleries on the third floor.

the expenses incurred for the purposes of soliciting contributions were $133,512. Remuneration to employees whose principal duties involve fund-raising amounted to $269,283 and $18,849 was paid as remuneration to a fund-raising business that was used to make solicitations on behalf of the Glenbow-Alberta Institute.

the approximate dollar amount of the tax receipts issued by the Institute for items donated to the collection in 2007 amounted to $143,549 (2006 - $3,929,782). tax receipts for amounts greater than $1,000 are supported by independent appraisals.

nOtE 12 PEnsIOn OBLIgAtIOns

the Institute has a defined contribution plan which is available to all full-time and permanent part-time employees. under the terms of the plan, the Institute matches contributions of up to 5% of employee earnings. In 2007, the Institute contributed $211,542 (2006 - $218,442) in connection with the plan.

nOtE 13 dOnAtEd sERVIcEs

the Glenbow Centre is leased to the City of Calgary by the province of Alberta for a nominal amount of one dollar per year. the City of Calgary, in turn, subleases it to the Institute for the same amount per year. Fair market value of the rental has not been determined. the City of Calgary also provides janitorial, maintenance and utility services for the Glenbow Centre at no cost to the Institute. the value of the services as determined by the City of Calgary was $1,388,882 for the year ended March 31, 2007 (2006 - $1,575,148). this amount has not been included in the operating Fund statement.

46

nOtE 7 BAnK IndEBtEdnEss

Bank indebtedness includes advances under the Institute’s credit facility as of year end. on March 7, 2007 the Institute renewed its credit facility in the amount of $1,700,000 until February 28, 2007 and $1,200,000 thereafter with a Canadian chartered bank. the facility bears interest at the bank’s prime rate and is provided on an unsecured basis.

nOtE 8 dEFERREd REVEnuE - cuRREnt 2007 2006

Federal government grants $1,188,128 $4,549,862

provincial government grants 91,899 2,395,821

Grants from foundations 185,413 128,625

Grants from the corporate sector 820,535 650,305

other 38,078 71,602

2,324,053 $7,796,215

nOtE 9 dEFERREd REVEnuE - LOng tERM 2007 2006

Corporate sector support for exhibitions and programming 646,647 427,061

ICAp funding for upgrade and renewal of storage space 504,580 547,006

provincial and federal government grants in support of the Mavericks gallery 4,569,556 767,320

provincial government grants for the construction of the Blackfoot gallery 116,463 148,963

other 60,342 –

$5,897,588 $1,890,350

nOtE 10 cHAngEs In OPERAtIng Fund BALAncE

Changes in the operating Fund balances were comprised of:

2007 2006 Invested in Capital Assets unrestricted total total

Beginning of year balance $1,979,055 ($97,297) $1,881,758 $1,856,207

net revenue (786,531) 800,383 $13,852 $25,551

Invested in capital assets 466,859 (466,859) – –

$1,659,383 $236,227 $1,895,610 $1,881,758

47


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Board of GovernorsBoard chairIan A. Bourne

Vice-chairslauchlan Currie Gail o’Brien

governorsterry Allen, Chair, Development CommitteeRichard Cormack Anne CrawfordJoanne Cuthbertson, Chair, Collections and Access CommitteeRod Green, Vice-Chair, Development Committee Robert Herdmant. Gregory Kane, Q.C.James p. Keough, Chair, Governance CommitteeJean MerrimanDr. Vettivelu nallainayagamMichael J. Robinson Michael p. Robinson, C.M., president and CeoRichard ShawHerb Snowdon, Chair, Audit & Investment Committee

Board community Representatives Dr. Ann e. Calvertlance CarlsonBonnie DumontYves trepanier

Past chairRandal l. oliver

corporate secretary & treasurerMarion Shill

Assistant corporate secretaryChristine Chin

Past chairseric l. Harvie,* o.C., C.D., Q.C., 1954-1966the Hon. Mr. Justice n.D. McDermid,* Q.C., 1966-1969James C. Mahaffy,* 1969-1970W. Donald C. MacKenzie,* 1970-1974the Hon. Douglas S. Harkness,* o.C., 1974-1977Jane t. edwards,*1977-1980D. edwin lewis,* C.D., Q.C., 1980-1984e. David D. tavender, Q.C., 1984-1988Catherine M. evamy, 1988-1991Frederick F. Abbott, 1991-1994J. Sherrold Moore, 1994-1997Robert G. peters, 1997-2000A. Webster Macdonald, Jr. Q.C., 2000-2002Randal l. oliver 2002-2004 * deceased

FellowsRobert M. Bordenn. Glenn CameronCatherine M. evamyRobert R. Janes, ph.D.the Hon. e. peter lougheed, p.C., C.C., Q.C.Joy Harvie Maclarene. David D. tavender, Q.C.

Honourary Appointments patricia Ainslie, Curator of Art emeritus Dr. Hugh A. Dempsey, Chief Curator emeritusRalph Klein, Curator emeritus of Blackfoot ethnologyJoy Harvie Maclaren, Curator emeritus of Blackfoot ethnologyDr. Marmie p. Hess, o.C., ll.D., Curator emeritus of Inuit Collectionsewa Smithwick, Conservator emeritus

Foundereric Harvie* o.C., C.D., Q.C.


Glenbow Museum 130 – 9th Avenue S.e., Calgary, Alberta 403.268.4100 glenbow.org

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